The Business Times, 29 August 1995

Microfilm: NL20017
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Tuesday August 29 1995 WE KNOW ASIA 85 c
    13 words
  • Article
    Dow down 14 points
    70 1 NEW YORK Blue-chip stocks toasted the marriage of Chase Manhattan Corp and Chemical Banking Corp yesterday but then yielded ground in profit-taking. At 2 pm EDT, the Dow Jones index was down 14.44 points at 4,586.96. In the broader market at 1 pm EDT, advancing issues
    70 words
  • Article
    Untitled
    160 1 Stock market Mhw Moaday Change STII 2,138.2 +13.12 KLSEComp 1.026.93 -1.83 Nikkei 17.847.29 +76.61 Hang Seng closed SET Index 1,337.44 -11.89 Jakarta Comp 501.17 +0.57 Manila Comp .—2,774.88 -2.34 Taipei WPI 4,730.56 80.12 Seoul Comp 922.44 +0.75 Bombay BSE30 ..3.336.41 -33.87 CLSA China B unav Aust All Ord 2,126.9 +9.6
    160 words
  • Article
    Untitled
    31 1 Spore N«w 2 SSr_._l,16 Rcponl News 4,7.8 Fmnoal 18,19 NHM NMS 14 ibriMts CUt/KLSE. SES .2224 fl*ril Regan* 20 Eoob 9 WorM 21 Ulariri 12 Cwrtnoe 19 tY/litetjIi 11 Sma/Comno ..18.19
    31 words
  • Article
    Lock icon Chase and Chemical to merge, creating biggest bank in US
    512 1 Reuter, Bloomberg Business News NEW YORK Banking giants Chase Manhattan Corp and Chemical Banking Corp said yesterday they will merge in a US$lO billion (S$ 14.2 billion) move that will create the largest bank in the US and one of
    Reuter, Bloomberg Business News  -  512 words
  • Article
    Impact on Asia likely to be low
    359 1  -  By Shiv Taneja Si NGAPORE The megamerger of Chase Manhattan Bank and Chemical Bank is not expected to have a significant impact in Asia given Chemical Bank's small regional presence, analysts said yesterday. Around the region, Chase is better represented with branches in
    359 words
  • Article
    Govt exec condo scheme gives a boost to HUDC flat prices
    547 1  -  By Lilian Ang, Abdul Hadhi SINGAPORE Even before today's release of details of the government's new "executive condominium" scheme, one trend has become clear owners of privatised mid-dle-income flats built by the former Housing and Development Corporation (HUDC) are
    547 words
  • Article, Illustration
    Lock icon STAe shocks with $48.6 m loss
    436 1  -  By Rahita Elias SINGAPORE Singapore Technologies Aerospace (STAe) shocked the market yesterday with a $48.6 million loss at half-time, which was due mainly to a one-time write-down of $47.2 million. This compares with a 1994 interim net profit of $11.5 million. STAe president Boon
    Source: Bloomberg  -  436 words
  • Article, Illustration
    ACI offers 42m shares at US$1.40 each
    428 1  -  By David Mok SINGAPORE With its initial public offering yesterday of 42 million new shares at US$l.4O (551.99) each, Acer Computer International (ACI) has become the second firm with operational headquarters status here to seek a local listing this year. Computer network specialist
    428 words
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      227 1 The World's First Vibration Reduction (VR) System For Nikon zoom 7oovr M m* Zoom AF Compact Camera B with 38- 105 mm lens ifl B best buy mßm $599 Jvßt Fnt gifts worth flit ff^^M (1 Nikon lam* multi-purpose fri MFsM bag worth $65 1 Nikon L 7 IPI I
      227 words
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      Page 1 Advertisements Column 2
      21 1 Property; pg is HDB estates and land acquisition Manila wins fight for Marcos millions stashed in Swiss bank account, Pg 14
      21 words
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      14 1 Hock Lock gwjßjus Acer makes an acetytj£tms~ Uraco offer 17 tunes subscribed, Pg 15
      14 words
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      Page 1 Advertisements Column 4
      37 1 injkom Line: Pg §4 Microsoft a threat to competition? Casa, Vicom to launch mainboard IPOs, Pg 15 I brother BBM BUSINESS SVSTCMS (S) PTC LTD ©743-8000 #02-08 Great Pacific Warehouse. 7 Kaki Bukit Read 2, Singapore 1441.
      37 words
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      Page 1 Advertisements Column 5
      68 1 Jfc, The World s Smallest j6§r 35-70 mm Zoom AF fcr Com P act Camera V M ML NlkOn ZOOM 310QD Soh Weignmg a mere 200g with fl B sophisticated features in an fl B ultra compact 117x63x36mm |T body with Macro and Panorama TeW 'al BEST BUY $429 Nikon
      68 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Pawnshop business up 8%
        236 2  -  By Michelle Low PAWNSHOPS in Singapore did $819.9 million of business in the first five months of the year, up about 8 per cent from the same period last year. The 60-odd pawnshops lent $419.2 million between January and May, almost 7 per cent more than
        Source: Registry of Pawnbrokers  -  236 words
    • Article
      Corrections & clarifications
      64 2 Corrections clarifications PIDEMCO Land Ltd is a wholly owned subsidiary of Temasek Holdings and not of URA as reported in our Aug 26 story "Upmarket condo of 660 flats for Orchard Scotts site". Also, an error in the editing process led to the report suggesting that Pidemco is related to
      64 words
    • Article, Illustration
      S'pore factory first in the region to make IBM PCs
      437 2  -  By Claire Leow IBM yesterday made a surprise announcement that it had started assembly of personal computers in a Senoko factory since late May, just months after starting up a hard disk drive manufacturing facility. Scott Paull director of IBM
      437 words
    • Article
      Car insurers pay $8.28m to hit and run victims
      350 2  -  Amount disbursed over 20 years to 426 claimants By Christopher Tan A UNIT formed by motor insurers to compensate victims of hit-and-run accidents and their families has distributed $8.28 million over the past 20 years. The Motor Insurers' Bureau says in
      350 words
    • Article
      Easier to get satellite links to Indonesia, M'sia, Pakistan, Brunei
      291 2 COMPANIES that want to set up VSAT links to communicate with subsidiaries in Indonesia, Pakistan, Brunei and Malaysia will now be able to do so with minimum fuss. After approaches by the Telecommunication Authority of Singapore, regulators in these countries
      291 words
    • Article
      Prudential to launch two new funds
      336 2 INSURANCE policyholders will be able to switch from one investment fund to another when Prudential Assurance Company Singapore launches two new investment-linked funds on Oct 1. The new funds are the Prulink Equity Fund for investment in Asean and Hongkong equities; and Prulink Cash
      336 words
    • Article
      EDB raises ceiling for loans to local companies
      187 2 LOCAL companies will be able to obtain bigger loans to finance business development and expansion, under changes announced yesterday by the Economic Development Board. The maximum loan under the board's Local Enterprise Finance Scheme (Lefs) has been increased from $8 million to
      187 words
    • Article
      How ABB got its best of the best rating for innovation management
      427 2  -  By Kevin Sullivan RAPID commercialisation of new products and higher-than-average spending on cus-tomer-focused R&D have earned Asea Brown Boveri (ABB), the international electrical engineering group, a "Best of the Best" rating for technology and innovation management, in a
      427 words
    • Article, Illustration
      Lock icon S'pore's cellular phone growth among lowest in Asia-Pacific
      316 2 SINGAPORE has one of the lowest growth rates in the AsiaPacific for cellular telephone subscribers but one of the highest market penetration. Figures compiled by Global Mobile, a Paris-based industry newsletter, showed that subscription rate in Singapore grew at 28.48 per cent
      Source: Global Mobile  -  316 words
  • Page 2 Advertisements
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      273 2 OMEGA The sign of excellence Financial JJ News IVn^jl A Quick Look At The I 1" /HTM I Market! PaTIB Call 24 hours a day for I I SES KLSE midday I I reports, closing I U| I market reports and WM business news. Cost 30 cents a minute MRHline
      273 words
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  • Page 3 Advertisements
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      211 3 fi'ISCOVER HOW GREENERY, LANDSCAPING AND A PLEASANT WORK ENVIRONMENT CAN BOOST YOUR PRODUCTIVITY. HH| All too often the only technology park is lIP J technology. At Alexandra Technopark, we have combined the MM needs of technology with concern for the human work environment. That means landscaping and green spaces. In
      211 words
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  • SOUTH-EAST ASIA
    • Article
      Indon tycoons vow to help narrow wealth gap
      472 4  -  But critics say pledge lacks concrete proposals and smacks of posturing Fran Leslle Lopez in JAKARTA ONE hundred of Indonesia's top business tycoons have vowed to help the government narrow the widening disparity between the rich and poor. In a joint declaration
      472 words
    • Article
      Lock icon Plus must justify request for 33% toll rise: Dr M
      252 4 AFP KUALA LUMPUR The Malaysian government has asked the operator of the 900 km highway which runs the length of the peninsula to justify its request for a 33 per cent rise in toll charges. Prime Minister Mahathir Mohamad yesterday
      AFP  -  252 words
    • Article
      Lock icon Petrochem giants eye M'sia
      108 4 Bernama KUANTAN Three giant petrochemical companies with global interests are keen to invest over M$2 billion (SSI.14 billion) in the east coast states of Peninsular Malaysia, said Pahang Deputy Mentri Besar Hasan Arifin yesterday. Speaking to reporters here, he said there was a good chance that
      Bernama  -  108 words
    • Article, Illustration
      Lock icon Malaysia committed to opening up financial markets, says Rafidah
      376 4 Reuter KUALA LUMPUR Malaysia's signature on the recent global financial services liberalisation pact means it will gradually open up its financial markets, International Trade and Industry Minister Rafidah Aziz said yesterday. "We will liberalise gradually in consonance with our economic development,"
      Reuter  -  376 words
    • Article
      Bar Council says court breached constitution in Ayer Molek case
      455 4  -  From Ho Kay Tat in KUALA LUMPUR THE Malaysian Bar Council yesterday claimed that the FeddWl fJfcoWfcconvened to haardriie A»Mfr Molek case on Aug 1 was unconstitutional and thus, its judgement on Aug 12 was null and void. The council's
      455 words
    • Article
      Lock icon Thai PM giving up interior ministry
      119 4 AP BANGKOK Hoping to stave off a rebellion in his party, Thailand's Prime Minister Banham Silapa-archa said in an interview published yesterday that he will let someone else take the powerful interior ministry post in a few months. At least three party power-brokers reportedly
      AP  -  119 words
    • Article
      Lock icon M'sian businesses worried about ringgit
      63 4 Knight-Ridder KUALA LUMPUR Malaysian manufacturers are worried about recent wide fluctuations in the value of the ringgit, International Trade and Industry Minister Rafidah Aziz has said. She said manufacturers have asked her ministry to "look into" the matter, the New Straits Times newspaper reported on
      Knight-Ridder  -  63 words
    • Article
      Lock icon Philippine firms oppose wage rise
      82 4 AFP MANILA Philippine firms yesterday opposed a proposal to increase the minimum daily wage, warning of inflation and lay-offs, as well as a reduction in global competitiveness. Congress is holding consultation with labour and management to increase the daily minimum wage of 150 pesos (SS8.20)
      AFP  -  82 words
  • Page 4 Advertisements
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      238 4 WORLD BUSINESS CLASS > Northwest can save you up to 4hrs flying time to the USA. Singapore X Minneapolis. Toronto Go on. Enjoy that time any way you X A want. Play. Sleep. Catch up on other j- IE f I H BY P^j^-: wXv'Bos/on stuff if you're a workaholic.
      238 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      128 5 With the availability of three funds, no other insurance company in Singapore choice no other policy offers. It also lets you direct your premium between funds at world's largest and most experienced fund managers with responsibility of investing offers you as much flexibility and choice With PruUnlc Investments, you can
      128 words
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  • Page 6 Advertisements
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      202 6 Think BIG You need to think big and boldly when moving your production facility and you need to think ahead. H P .jaVBBBBaI pay \jaaLa«J» bYAY£ L Bat* Bf Mhß.. I BE k BJ r fIBBBBBBBBBBt h HI H VI Ibbbl b^ Two storey terrace factory (Type C) Act QUIETLY
      202 words
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      220 6 LETS TALK TUAS the Tuas/ Tanjung Kupang (Johor) bridge will open in 1998 effectively linking Tuas with the southern Malaysia labour market and creating new opportunities for the faster movement of goods between the two countries. What was once regarded as Singapore s western-most tip will become a hub for
      220 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      HDB-style housing plan for Suzhou
      397 7  -  Proposal to build flats for up to 600,000 people being considered by industrial park developer Reports from Teh Hooi Ling THE developer of the Singapore Suzhou Industrial Park is studying a proposal to implement a HDB-style housing programme in the township. Speaking to Singapore reporters
      397 words
    • Article
      Suzhou should adapt S'pore's methods for itself: SM Lee
      328 7 THE administrators of the Sin-gapore-Suzhou Industrial Park (SIP) have to absorb, assimilate and adapt Singapore's administrative methods into their own system in order to stay ahead of other industrial parks in China, said Senior Minister Lee Kuan Yew yesterday. Speaking to
      328 words
    • Article
      Lock icon Taiwan bourse to remove ceiling for foreign institutions
      242 7 AFP TAIPEI Taiwan is to scrap the US$2OO million (SS2B4 million) ceiling on investments on the local bourse imposed on foreign institutions, stock officials said yesterday. The Securities and Exchange Commission, after reaching an agreement with the central bank, will announce the
      AFP  -  242 words
    • Article
      Lock icon Regional wealth gap: tough challenge for China
      209 7 AFP BEIJING The growing economic gap between China's coastal and inland regions will continue to widen until at least 2010, posing one of the government's toughest challenges, a report said yesterday. Central and western China, which makes up 89 per cent of the
      AFP  -  209 words
    • Article
      Lock icon Taipei to assign more government officials to deal with Beijing
      272 7 AFP TAIPEI Taiwan plans to ease its ban on direct contact with China by assigning more government officials in talks with the mainland, officials said yesterday. The Strait Exchange Foundation (SEF), a semi-ofFicial body set up in 1991 to deal
      AFP  -  272 words
    • Article
      Lock icon Cathay says China has been consulted on Taiwan air accord
      206 7 AFP HONGKONG Cathay Pacific Airways Ltd yesterday defended, its new five-year air services agreement with Taiwan, saying China has been consulted about its contents all along. Cathay Pacific senior public affairs manager Nick Rhodes said the Hongkong-based carrier's initial understanding
      AFP  -  206 words
    • CHINA WATCH
      • Article
        Lock icon Rising costs hit China's textile industry
        53 7 Reuter BEIJING China's textile industry faces rising production costs and falling profits because of soaring prices for raw material, the official Xinhua news agency said yesterday. Some firms are doing low-quality processing and others have recklessly started making new cotton goods, which has led
        Reuter  -  53 words
      • Article
        Lock icon Lee Teng-hui is only KMT candidate
        55 7 Bloomberg Business News TAIPEI President Lee Teng-hui will be the only candidate in the ruling Kuomintang's presidential primary on Thursday, the afternoon China Times Express reported yesterday. Mr Lee has received approximately 1,600 recommendations from the 1,973 KMT central committee delegates. He only needed
        Bloomberg Business News  -  55 words
      • Article
        Lock icon Taiwan's savings rate slumps
        48 7 AFP TAIPEI Taiwan's private savings rate slumped to a 25-year low of 26.1 per cent in the second quarter to June, compared with 29.7 per cent in the previous corresponding period. The cash-rich island's savings rate peaked at 38.5 per cent in 1986. AFP
        AFP  -  48 words
      • Article
        Lock icon Party cadre caught on the hotline
        64 7 AFP BEIJING A Communist Party cadre in the northern Chinese province of Jilin has been sanctioned for running up a telephone bill of nearly 30,000 yuan (S$5,085) calling pornographic hotlines overseas. Yu was ordered to repay the entire bill and placed under surveillance for
        AFP  -  64 words
      • Article
        Lock icon HK remembers war dead
        62 7 Reuter HONGKONG Hongkong remembered its war dead yesterday and gave thanks for its liberation from Japanese military occupation in the most elaborate ceremony for 50 years. Under the watchful eyes of 400 veterans and former prisoners of war. Governor Chris Patten laid a wreath of poppies
        Reuter  -  62 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      282 7 j FLY ANA AND YOUR LUGGAGE WONT BE THE ONLY THING YOU'LL PICK UP. You could pick up a free economy class seat (a ticket, actually) and other fantastic on your next flight, or use it to bring someone along. Or you can choose from thefoUowpremiums as well when you
      282 words
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  • ASIA
    • Article
      Japan's securities houses adopt more aggressive stance in developing nations
      478 8  -  From Anthony Rowley THE agreement signed during the weekend by Japan's Nomura Securities with Vietnam to help finance reconstruction of the country's industrial sector signals a more aggressive approach by Japanese securities houses to emerging market development especially in Indochina.
      478 words
    • Article
      Hashimoto set to lead LDP as Kono bows out
      352 8  -  From Anthony Rowley in TOKYO THE surprise decision yesterday by Japanese Foreign Minister and Deputy Prime Minister Yohei Kono not to stand for re-election as president of the Liberal Democratic Party (LDP) leaves the field open for Trade and Industry Minister
      352 words
    • Article
      Lock icon Tokyo investors slash bonds and return to stocks: survey
      320 8 Reuter TOKYO The dollars rebound against the yen is prompting Japanese investors to return to the Tokyo stock market while slashing their holdings of Japanese bonds, according to a survey of domestic institutions. "The feeling that it's safe to buy in
      Reuter  -  320 words
    • Article, Illustration
      Lock icon A place in history
      78 8 AFP NEW DELHI A bicycle leaning against a pillar in New Delhi's historic Con naught Place amid monsoon rain on Sunday. The government drew widespread criticism when it decided 11 days ago to rename Connaught Place, the oldest shopping arcade in New Delhi, to commemorate the
      AFP  -  78 words
    • Article
      Melbourne plans A$2b upgrading of docklands
      199 8 MELBOURNE The government of the Australian state of Victoria has announced an As 2 billion (SS2.I billion) redevelopment of the docklands area of Melbourne in the biggest urban renewal project in the state's history. The 220 ha of docklands will be turned into a
      199 words
    • ASIA NOTES
      • Article
        Lock icon Japan revising rules for public projects
        81 8 AFP TOKYO Japan plans to revise bidding rules for public works projects, in line with the World Trade Organisation accord on government procurement due to take effect in January, an official of the Home Affairs Ministry said yesterday. The Nihon Keizai Shimbun meanwhile said
        AFP  -  81 words
      • Article
        Lock icon Indian exports to hit US$32b
        70 8 UPI NEW DELHI India's Commerce Minister P Chidambaram said the country has recorded excellent growth in overall exports in the first four months of the current fiscal year, the Press Trust of India reported yesterday. If India maintains its current export growth rate of 29.5
        UPI  -  70 words
      • Article
        Lock icon Japan's hidden jobless
        56 8 Reuter TOKYO Japan's unemployment rate would jump to 6.3 per cent from slightly above 3 per cent now if more than 330,000 people who have given up looking for a job were included in calculations, Yamaichi Research Institute said. The official jobless rate only considers those seeking
        Reuter  -  56 words
      • Article
        Lock icon NZ may use price controls in dispute
        74 8 AFP WELLINGTON New Zealand is considering price controls as a short-term measure in a four-year long dispute over conditions under which Clear Communications should be connected to Telecom Corporation's local network. Commerce Minister Philip Burdon said yesterday. Once a state monopoly, Telecom Corp
        AFP  -  74 words
      • Article
        Lock icon S Korea to raise spending by 16%
        83 8 Reuter SEOUL The South Korean government said it would propose a 16 per cent rise in state spending for calendar 19%. The Ministry of Finance and Economy said spending would rise to about 58 trillion won (SS106 billion) next year from this year's
        Reuter  -  83 words
    • Article
      Lock icon Optus to delay IPO until early next year Telecom company's full-year net loss lower at A$17m
      397 8 Bloomberg Business News SYDNEY Optus Communications Pty Ltd, Australia's second telecommunications company, said an initial public offering (IPO) of shares will probably not be made until next" year. Chief executive Bob Mansfield said the
      Bloomberg Business News  -  397 words
    • Article
      Lock icon Analysts see slight pick-up in Japanese retail sales
      341 8 Reuter TOKYO Japanese retailers, struggling in the face of the country's torpid economy, are unsure when their business might pick up again but some analysts believe an improvement in sales may at last be on its way. "There is a chance that
      Reuter  -  341 words
  • Page 8 Advertisements
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      363 8 CENTRAL BANK OF NIGERIA. PRESS STATEMENT ON ADVANCE FEE FRAUD SCAM CENTRAL BANK OF NIGERIA IS VERY MUCH CONCERNED THAT IN SPITE OF THE VARIOUS EFFORTS MADE IN THE PAST THROUGH PRESS STATEMENTS TO COMBAT THE ADVANCE FEE FRAUD TELEFAX SCAM, IT HAS CONTINUED, UNABATED, WITH INCREASING SOPHISTICATION. THE BANK
      363 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Writing on the wall is against Ming Pao man
      835 9  -  Decline of a Hongkong newspaper From Steve Vines in HONGKONG IS THIS the end of the road for Yu Pun-hoi, the controversial businessman who surprised almost everybody by wresting control of Ming Pao, one of the most respected newspapers in the
      835 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      139 9 *> -V DESIGNED TO PUT OUT A FIRE CAN ACTUALLY A jjSSI CONTRIBUTE TO STARTING A V/jJ 5 flSr M RE SER,ous A Bk attnfet k But it's true. £4. ***EM The Halons in fire \k EXTINGUISHERS HAVE BEEN Q k PROVEN TO DAMAGE PJPt| *J|| g THE OZONE LAYER
      139 words
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      Page 9 Advertisements Column 2
      30 9 mam ifl GETJTJjj^PJ^WI 20 UPPER CIRCULAR ROAD, #01-26 RIVERWALK GALLERIA, S(010S) To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 19jto-911*0<*>3, at 30 cents a minute.
      30 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1147 10 I|, 5u iiltE er J WHERE TO WINE, DINE AND ENTERTAIN WORLD S LARGEST SELLING J j l^ < cosmopolitan fare l| LUNCH OR DINNER, I MORE THAN JUST Heavenly Mooncakes j FEAST ALL YOU j lA{ lEV c ii- r»- i S& Besides live seafood, Singapore's largest B feast
      1,147 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon The best soap opera in tennis
      900 11  -  US Open Jennifer Frey reports on the on and off drama at Flushing Meadow Jennifer Frey LAT/WP WELCOME to the 1995 US Open, tennis's best soap opera, and perhaps its best athletic event of the year. Monica Seles is back, with a wicked return
      LAT/WP  -  900 words
    • Article, Illustration
      Lock icon US gig for China's Dylan
      472 11  -  From Tianamen Square to Union Square, rebel rocker Cvi Jian has inspired thousands, writes Jane H Lii Jane H Lii NYT BY spm on Saturday, the line outside the Palladium at Union Square already stretched around the block. In T-shirts emblazoned with his name, a
      NYT  -  472 words
    • Article, Illustration
      Lock icon Angel no more — Farrah may bare all in Playboy
      403 11 Angel no more Farrah may bare all in Playboy CHATTER BOX AP FAR RAH Fawcett is considering a nude spread in the Playboy magazine, which has been pursuing the 48-year-old actress for "a very long time", her spokeswoman, Annette Wolf said on Friday. "She's flattered," Wolf said, adding that negotiations
      AP  -  403 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1191 11 TV RADIO The Last Forest, Spa, Ck 12 wL-Xs* -t£3»^f| High in the Austrian Alps lies "Jmn the last pocket of primeval for- r est in Europe. Not single tree 7 -r^s this has been felled by I human hands. This documen- Lm V*^J^^ tary looks fau- V na of
      1,191 words
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  • Article
    Hongkong's economic woes
    504 12 TONAL THE Hongkong economy has seen better days. Barely a week after unemployment rose to 3.2 per cent the highest in nine years the forecast for GDP was revised to 5 per cent for 1995, down from the 5.5 per cent projected in May. The government says
    504 words
  • WHAT THE OTHERS SAY
    • Article
      The good that Sonia can do
      273 12 THE labyrinthine politics of India's ruling Congress Party is not of great concern to other countries. But, with a general election due by June next year, the fate of Prime Minister Narasimha Rao's government is. The perils of uncertainty were highlighted this week when
      273 words
    • Article
      Against Muslim tradition
      168 12 THE Malaysian government's decision to ban Bacaan, the Malay version of the Quran, is correct. The ban is related to the activities of a group who claim to be Islamic reformers that are very much against the Prophet Muhammad's traditions or Sunnah. They maintain that Sunnah is
      168 words
    • Article
      One Sino-US hurdle cleared
      208 12 BEIJING'S expulsion of Mr Harry Wu shows the importance it places on Sino-US ties. China hopes to have some concrete evidence that bilateral ties are improving. If Mrs Hillary Clinton does not attend the United Nations conference on women in Beijing, it will give the impression
      208 words
    • Article
      World according to Microsoft
      139 12 HAND IT to Bill Gates. The canny Microsoft chairman orchestrated one of the noisiest product launches in Madison Avenue history with the debut this week of Windows 95, the new operating-system software for personal computers. With lavish spending, Mr Gates cranked up a mighty publicity Wurlitzer
      139 words
    • Article
      US inaction on Bosnia
      109 12 THE United States has repeatedly declared its commitment to the establishment of peace in the former Yugoslav republic of Bosnia-Herzegovina and protection of the UN-proclaimed safe areas in the war-rav-aged republic. But if seen against a backdrop of hesitation, contradiction and inaction, US declarations on Bosnia's
      109 words
    • Article
      Touching faith in treaties
      157 12 HOW ODD it is that this touching faith in universal treaties persists. It persists even after the death of communism, the conflicts in Bosnia and other places none of the experts had predicted. This is not to say treaties are completely useless. When two sides in
      157 words
  • Article, Illustration
    Aussie casinos a sure bet
    1131 12  -  Gambling boom Down Under makes almost everyone a winner, says Peter Lynch Peter Lynch The writer is a Sydney-based journalist who contributes to BT WHEN Melbourne swung open the doors of its swish new Crown Casino last year, the queue stretched round the block until
    1,131 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      185 12 I I A\W Ww air afl Lw .a^^a^B^l -WW Saial Jtflar The first 35 patrons to SPEND $400 JK» or more m 3 sm g' e rece 'P l on dinner at fjZi *m*m Kin Cuisine Chinese Restaurant will receive Br I a for K9 16 September (Bpm) performance 'Romeo
      185 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      95 12 DOONESBURY GARRY TRUDEAU HBUO, ~TM JQANI3 CAUCUS. I TOOAV THB "PACKUJOOP 19" }I 0Y 3BARJN6 UJfTNCSS HZRB, TO I FOR.THBPAST3ZMONTHS, ARB SBBKiNO PBCWRSB V€Y THBYHOPB TO HHP A KJNP I «CM9S 1 /7 THE SBNATB HASFAJLSPTO HAVB BH6A6BPMB TOSECURE OF JUSTICETHAIHAS BBSM h^ 7 M^fl^X%f HOLOmjBUCHBAMNGSON THIS SPACE FOR THB
      95 words
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  • PROPERTY & CONSTRUCTION
    • Article
      Spreading wings offshore to beat home-market blues
      771 13  -  Thai hotel chains are on a buying spree abroad, reports Alan Boyd Alan Boyd TIRED of low occupancies and plunging room yields in home markets, Thai hotel groups are taking their management expertise and money abroad. The Landmark group completed its second London
      771 words
    • Article, Illustration
      Is compulsory acquisition the best option?
      737 13  -  OPERTY column By Lee Han Shih IS THE USE of compulsory land acquisition really necessary in the government's latest programme to rejuvenate public housing estates? The programme, called the Selective En-bloc~ Redevelopment Scheme or SERS, calls for the Ministry of National Development to buy
      737 words
    • Article
      Lock icon New York office tenants going down market
      580 13  -  Many companies are spurning ultra-expensive, high-status buildings for more serviceable and affordable space, reports Claudia Deutsch Claudia Deutsch NYT ITEM: FCB/Leber Katz, the advertising agency, moves from 767 Fifth Avenue, the ev-er-so-fancy General Motors building at 59th Street, to the 40-year-old, plain vanilla
      NYT  -  580 words
    • Article
      PROPERTY WATCH
      252 13 Selected transactions in the past week transact ton DWrict Profrct T W* land tm (»q It) Twwi>l> (stf 0 PWVAT1 r Aug 21 1024 Valley Park Cdo CondoApt 1216 999 1 01m 831 Aug 21 2159 PandanV alley CondoApt 2668 FH 128m 480 Aug21 1955 FarleighAve p Semt-D
      252 words
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      Page 13 Advertisements Column 1
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      Page 13 Advertisements Column 2
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      90 words
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  • Article
    Lock icon Japan unveils US$2.7b plan to wind up Cosmo
    550 14 Reuter TOKYO Japanese authorities yesterday announced a US$2.7 billion (SS3.B billion) plan, including government aid, to wind up Tokyo credit union Cosmo Shinyo Kumiai, which failed this summer after a run on its deposits. The Bank of Japan (BOJ), the Tokyo city
    Reuter  -  550 words
  • Article
    Lock icon US machine tool orders rise 9.1% on firm overseas demand
    245 14 Reuter WASHINGTON Despite weakness in the nation's manufacturing sector, orders for USmade machine tools rose in July as demand from overseas continues to strengthen, a trade group said yesterday. Total orders increased 9.1 per cent last month to US$409.4 million
    Reuter  -  245 words
  • Article, Illustration
    Lock icon Money flows back into nervous Russian financial markets
    361 14 Reuter MOSCOW Money started returning to jittery Russian financial markets yesterday after a three-day credit crunch, but dealers said the battle for confidence in banks and financial systems had only just begun. Dealers said Russia's 2,500 banks were slowly returning to the
    Reuter  -  361 words
  • Article
    Marcos' US$500m in Swiss banks due in Manila
    372 14  -  From Al Labita in MANILA MANILA Nearly US$500 million (S$710 million) in frozen accounts left by the late Philippine ruler Ferdinand Marcos will be transferred from Switzerland to the Philippines, a government lawyer said yesterday. Martin Kurer said the assets would remain
    372 words
  • Article
    Lock icon SEC to give free Internet access to corporate document database
    232 14 Bloomberg Business News NASHVILLE, Tennessee The Securities and Exchange Commission will provide free access to its electronic database of corporate information through the Internet. SEC chairman Arthur Levitt told an investors' conference on Sunday that documents posted on the SEC's
    Bloomberg Business News  -  232 words
  • Article
    Lock icon 37 killed in shelling attack in Sarajevo
    104 14 Reuter SARAJEVO At least 37 people were killed and 85 wounded by a shelling attack on busy central Sarajevo yesterday, but the United States vowed to press on with its new Bosnian peace initiative. A 120-mm mortar bomb caused most of the havoc
    Reuter  -  104 words
  • Article
    Lock icon Nigeria's market-opening
    64 14 Reuter LAGOS Nigeria's much-trumpeted opening of its economy to foreign participation has been backed by a new decree allowing foreign investors to buy unlimited stock in most local businesses, officials said yesterday. However, the decree said petroleum enterprises, which make up Nigeria's economic lifeline, as well as those
    Reuter  -  64 words
  • Article
    Lock icon India's power projects
    57 14 Reuter NEW DELHI India has finalised clearance of 90 power projects with a total capacity of 51,124 MW, a power ministry statement said yesterday. "As many as 90 power projects with a total capacity of 51,124 MW are in an advanced stage of clearance and some have
    Reuter  -  57 words
  • Article
    Lock icon Windows 95 virus?
    88 14 AFP MADRID A computer virus has been designed to attack Microsoft's new Windows 95 operating system in Spain, Spanish anti-computer-virus expert Carlos Jimenez said yesterday, but Microsoft denied it. Mr Jimenez said the new virus, called the "win-virus", had been programmed to go into operation on Sep
    AFP  -  88 words
  • Article
    Lock icon China odyssey
    108 14 AP OMAHA, Nebraska The world's two richest men reportedly are planning to take a train ride through China. Microsoft Corp head Bill Gates, his wife, Melinda, and Omaha investor Warren Buffett are making the trip with friends next month, the Omaha World-Herald reported yesterday. The group is renting
    AP  -  108 words
  • Article
    Lock icon American fears
    95 14 UPI NEW YORK Americans are most worried about not having enough health insurance and not having enough money to live on comfortably. A poll released yesterday said more than one-third of all American adults feared they would not have enough money and that their health insurance would not
    UPI  -  95 words
  • Article, Illustration
    Is Microsoft a threat to competition?
    784 14 The Bottom Line SO Windows 95 is here. The software package, which Microsoft bestowed on the world last week with hoopla worthy of a royal coronation midnight sales, balloons and free pizza is expected to be installed in more than 30 million desktops computers
    784 words
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      118 words
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  • COMPANIES & MARKETS
    • Article
      Casa Holdings to launch IPO within two weeks
      338 15  -  New public share offers By Michelle Low SINGAPORE Household products distributor Casa Holdings has won in-principle approval for a main board listing, which would make it the third initial public offer (IPO) within a month. Casa is aiming to put out its
      338 words
    • Article, Illustration
      Vicom gets in-principle approval to list on main board
      312 15  -  By Christopher Tan SINGAPORE Vicom, the vehicle-inspection arm of public Comfort Group, has been granted in-principle approval by the Stock Exchange of Singapore to list on the main board. DBS Bank will manage and underwrite the initial public offer, details of
      312 words
    • Article
      Uraco Holdings' 75m shares 17 times subscribed
      200 15 SINGAPORE Precision engineering group Uraco Holdings achieved a sturdy 17 times subscription rate when its main board initial public offer closed yesterday. With 75 million shares offered at 65 cents each, the subscription rate means that Uraco's issue attracted a stunning $800 million
      200 words
    • Article
      IPO underwriter OCBC finally reduces its Chevalier stake
      224 15 SINGAPORE OCBC Bank has finally managed to sell off part of-its stake in listed lift and escalator company Chevalier after a nine-month wait. Chevalier said yesterday that OCBC, the underwriter of its disappointing initial public offer, had on Aug 23 and Aug
      224 words
    • Article
      Acer's ace offering: too little of a good thing
      801 15  -  HOCK LOCK SIEW By Claire Leow SINGAPORE Acer Computer International (ACI) could not have picked a better time for an initial public offer. ACI is part of Taiwan's largest personal computer company, Acer Inc, and is the regional headquarters in charge
      801 words
    • Article, Illustration
      Lock icon Say 'No' to Kotjo, ABR minority shareholders told
      423 15  -  By William Chia SINGAPORE Minority shareholders of Sesdaq-listed ABR Holdings Ltd should not accept the takeover offer by Indonesian businessman Johannes Kotjo, says Schroder International Merchant Bankers in a circular yesterday. The adviser to minority shareholders says shareholders who feel uncertain about
      Source: Bridgeinfo  -  423 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        50 15 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-bpm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Barings. Credit Lyonnais Securities. Damn, Fraser. GK Goh. Kay llian. Morgan Grenfell Ong Co. Nomura. Phillip. Smith New Court. WI Can and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        100 15  -  -By Paul Leo YORK Pacific has the ingredients of a bullish stock. It rose four cents yesterday to a new high of 76.5 cents on strong volume of 2.3 million shares more than double the 10-day average of 1.03 million units. But it is technically overbought and hence
        100 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Transpac posts $208,000 profit
          86 16 SINGAPORE Transpac Industrial Holdings Ltd yesterday reported that it earned $208,864 for the half-year ended June 30, 1995. Total investment and other income was $2.29 million, while operating profit before tax was $572,540. This compares with the period from Feb 7 1994 (its date of incorporation)
          86 words
        • Article
          T S Lifestyle becomes Tuan Sing unit
          54 16 SINGAPORE Tuan Sing Holdings Ltd yesterday announced it had incorporated TS Universal Lifestyle Pte Ltd as a wholly owned subsidiary. T S Lifestyle's principal activities include general import and export and investment holding. Its authorised share capital is $100,000 and its issued and
          54 words
        • Article
          Lock icon Maybank in Uzbekistan venture
          65 16 Reuter KUALA LUMPUR Malayan Banking Bhd (Maybank) has entered into an agreement to set up a joint-venture leasing operation in Uzbekistan. The leasing company, Uzbek Leasing International AO, is a joint venture between Maybank, the National Bank of Uzbekistan (NBU) and International Finance Corp (IFC). The
          Reuter  -  65 words
        • Article
          Lock icon Misc posts 9.8% rise in pre-tax profit
          101 16 Bernama KUALA LUMPUR Malaysia International Shipping Corporation Bhd recorded a group pre-tax profit of MS299.6 million (S$ 170.5 million) for the half-year ended June 30, 1995, a 9.8 per cent rise from MS272.9 million previously. Releasing the unaudited results yesterday, it said group
          Bernama  -  101 words
        • Article
          Lock icon Magnum-Dunlop Estates offer approved
          87 16 Bernama KUALA LUMPUR The Securities Commission (SC) has revised and approved the proposed offer of sale of Magnum Corporation Bhd shares to Dunlop Estates Bhd's shareholders and Dunlop Estates' proposed acquisition of a 45 per cent stake in Sarawak Electricity Supply Corporation (Sesco), it was announced
          Bernama  -  87 words
      • Article
        Wepco turns around with a modest half-year profit
        305 16  -  By William Chia SINGAPORE Sesdaqlisted Wepco has staged a modest turnaround, reporting group earnings of $36,000 for the six months to June 30, compared with a net loss of $398,000 in first-half 1994. The company, which released its unaudited interim results yesterday,
        305 words
      • Article
        Lock icon Brand's Essence of Chicken moves into Vietnam
        171 16 AFP SINGAPORE Singaporelisted food company Cere bos Pacific Ltd said yesterday it had made its first foray into Indochina with the launch of a chicken essence as a natural health food in Vietnam. Brand's Essence of Chicken, 100 million bottles of which were
        AFP  -  171 words
      • Article
        Westmont's Chong may have found buyer for CICB stake
        406 16  -  From Ruth Wong in KUALA LUMPUR WESTMONT Holdings Sdn Bhd chief Joseph Chong, who has been trying to sell off listed firm Central Industrial Corporation Bhd (CICB), is believed to have found a buyer. Sources close to the deal said businessman
        406 words
      • Article
        Goldtron in TV 'ghostbuster' joint venture
        276 16  -  By Conrad Raj SINGAPORE The Goldtron group, whose shares have been shooting up in recent days, has formed a joint venture in the United States to design, manufacture and market a device which removes ghost images from television screens. The new company Oren Semiconductor
        276 words
      • Article
        3 companies in the dark about volume surge
        144 16 SINGAPORE Three companies yesterday denied knowing of any reason for the exceptionally high turnover in their shares recently. Computer firm IPC Corp, mould maker Omni Mold, and IMM Multi-En-terprise (IME) told the stock exchange they were just as much in the dark
        144 words
      • Article
        Lock icon Cycle & Carriage Bintang posts 80% profit rise
        204 16 Cycle Carriage Bintang posts 80% profit rise Bernama KUALA LUMPUR Cycle Carriage Bintang Bhd has reported an 80 per cent jump in group pre-tax profit to M 547.534 million (Ss27 million) for the six months ended June 30, 1995, from M 526.365 million in the previous period. The company said
        Bernama  -  204 words
      • Article
        Lock icon Cold Storage (M) pre-tax profit falls 28%
        130 16 Bernama KUALA LUMPUR Cold Storage (Malaysia) Bhd reported a 28 per cent drop in group pre-tax profit to M 55.524 million (553.16 million) for the half-year ended June 30, 1995 from M 57.502 million previously. The company said in a statement yesterday the
        Bernama  -  130 words
      • Article
        Lock icon Acquisition of Perdana Finance: Inchcape Timuran given approval
        447 16 Bernama KUALA LUMPUR Inchcape Timuran Bhd has received approval from Bank Negara to commence negotiations with Perdana Merchant Bankers Bhd on the proposed acquisition of an 88 per cent equity interest in Perdana Finance Bhd for M 546.992 million (5526.85 million). Inchcape
        Bernama  -  447 words
      • Article
        Celcom awards $13m deal to S'pore group
        220 16 SINGAPORE Cdcom, a unit of Kuala Lumpur-listed Technology Resources Industries Bhd, has awarded a contract for the first phase of a high-speed data communications network to a consortium led by Singapore's Datacraft Asia. The contract, worth more than $13 million to locallylisted Datacraft,
        220 words
      • Article, Illustration
        Lock icon Analysts see flat 1st-half figures for Liang Court
        344 16  -  Earnings INSIGHT By Jenny Lam SINGAPORE Liang Court Holdings, which will announce its interim results on Thursday, is expected to produce weak first-half figures. But analysts told Business Times they are confident of a hefty jump in full-year earnings. Most expect the
        Source: Bloomberg  -  344 words
      • Article
        Lock icon Indon cement giant posts 28.5% jump in interim profit
        366 16 Reuter JAKARTA Indonesia's largest cement-maker, Indocement, announced a 28.5 per cent rise in first-half profit yesterday, bolstering analysts' confidence after recent worries about the sell-off of its milling operation. Indocement said net profit in the first six months was 213.02 billion
        Reuter  -  366 words
      • Article
        Untitled
        572 16 tawn'lriCHd) Aug 29 Mendaki Gf Fund 1.02 I.0M II USOr Fund III I.I J* i 5SfSEEL TS The Savings Fund I.SI 1.40 Unifund 1-43 'J: S pore Prog Fund 0.62 0.66 Unibond 106 1.015 i S'pore See Fund 0.91 0.97*d United Gr Fund! 1.58 65« I S pore Invest Fund
        572 words
      • Article, Illustration
        Lock icon Foster's Brewing's profit jumps 19%
        485 17 Aussie brewer plans capital restructuring to wipe out A$ 1.3b of past losses Reuter MELBOURNE Foster's Brewing Group of Australia announced a 19 per cent rise in annual profits yesterday and proposed a reconstruction of its unwieldy capital structure to wipe out past losses. Foster's,
        Reuter  -  485 words
      • Article
        Lock icon CNI in telecoms pact with AT&T, Unisource
        285 17 Bloomberg Business News DUSSELDORF Communications Network International, the telecommunications alliance of Mannesmann AG, Deutsche Bank AG and RWE AG, said yesterday it had signed a letter of intent with AT&T Corp and the Unisource NY alliance to cooperate in telecommunications. The new joint
        Bloomberg Business News  -  285 words
      • Article
        Lock icon Indian firms boost profits 74%
        81 17 Bloomberg Business News BOMBAY Indian companies boosted net profits 73.9 per cent' in fiscal 1995, according to a survey by the Reserve Bank of India, the central bank. Total net profits of 1,030 companies in the year through March were 110 billion rupees (554.84 billion),
        Bloomberg Business News  -  81 words
      • Article
        Lock icon D G Bank operating profit up 35.5%
        78 17 Bloomberg Business News FRANKFURT DG Bank, the clearing bank for Germany's cooperative bank sector, said operating profit in the first half was 35.5 per cent higher than the proportional profit in 1994. Operating profit, before taxes and affer risk provisions and proprietary trading,
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Taiwan firm in deal with Compass
        61 17 Bloomberg Business News HSINCHU, Taiwan Taiwan Semiconductor Manufacturing Corp and US-based Compass Design Automation have signed an agreement on semiconductor designs, a TSMC news release said. According to the agreement, Compass will make available to TSMC the semiconductor designs in its library. It was
        Bloomberg Business News  -  61 words
      • Article
        Lock icon Oki president resigns after stroke
        52 17 Reuter TOKYO Oki Electric Industry Co Ltd announced that its president Jun Jinguji had resigned after suffering a stroke and was replaced by vice-president Shikou Sawamura effective yesterday. Mr Jinguji, 65, who took office in 1992, was made company director but is now recuperating at
        Reuter  -  52 words
      • Article
        Lock icon Van Ommeren raises stake in Ningbo terminal
        225 17 Bloomberg Business News ROTTERDAM Van Ommeren NY raised its stake in China's Ningbo chemicals storage terminal to 37.5 per cent after Zhejiang Chemicals decided to pull out of the joint venture that operates the terminal. The Dutch tank storage company also said the
        Bloomberg Business News  -  225 words
      • Article
        Lock icon China Motor delays sale of 57m shares
        173 17 Bloomberg Business News YANGME1, Taiwan China Motor Co, Taiwan's largest maker of trucks and vans, delayed an overseas stock sale of 57 million shares worth about US$72 million (S$ 102.2 million) affer its stock dropped, a spokeswomen said yesterday. China Motor's stock has
        Bloomberg Business News  -  173 words
      • Article
        Lock icon Tsingtao half-year gain down 50%
        338 17 Reuter HONGKONG China's Tsingtao Brewery Co Ltd blamed rising production costs for a 49.5 per cent slump in half-year net profits to 51.5 million yuan (558.73 million) from 101.% million. "Production costs increased 50 million (yuan). The gross profit margin dropped 8 per cent," vice-chairman
        Reuter  -  338 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Results suggest UBS may be stumbling, SBC mending ways
        613 18 FT LONDON The latest interim results of the three big Swiss banks may go some way to shaking up investors' traditional attitudes towards them. The results suggest that Union Bank of Switzerland (ÜBS), generally regarded as the strongest and best managed
        FT; Source: FT  -  613 words
      • Article
        Lock icon Disclosure not seen as cure-all against derivatives risk
        169 18 Reuter SYDNEY Proper disclosure of information about banks' derivatives exposure is an ally of supervisors but is not sufficient to safeguard depositors, the Reserve Bank of Australia (RBA) said yesterday. "Domestic experience and international observation does not suggest that disclosure will exert
        Reuter  -  169 words
      • Article
        Lock icon Mitsubishi to boost output at copper unit
        67 18 Bloomberg Business News TOKYO Mitsubishi Materials Corp will invest about 3 billion yen (S$43 million) to boost output of copper coils at its Malaysian plant, Nikkei English News reported. Kobe Steel Ltd will also increase production capacity at its plant. These moves are
        Bloomberg Business News  -  67 words
      • Article
        Lock icon Taiwan's foreign currency deposits up
        86 18 Reuter TAIPEI Taiwan's foreign currency deposits rose to NTS 130.12 billion (SS6.7 billion) in July from NTS 123.97 billion in June, a central bank statement said. The deposits were the highest since NTS 130.89 billion in March, it said. The bank did not give a
        Reuter  -  86 words
      • Article
        Lock icon Indonesian rates surge
        57 18 Knight-Ridder SINGAPORE Indonesian rates surged yesterday as a big liquidity shortage emerged, thanks to aggressive dollar/rupiah buying last week. The overnight rate rose to an intraday high of 20 per cent versus almost-traded rate of around 10 per cent on Friday morning. The overnight rate traded most-heavily
        Knight-Ridder  -  57 words
      • Article
        Lock icon US rule on bank capital requirements
        84 18 Reuter WASHINGTON The Federal Deposit Insurance Corp said its board approved an interim rule that will reduce minimum capital levels required to be held by banks for certain small business loans and leases. The rule affects small business loans and leases that are sold
        Reuter  -  84 words
      • Article
        Lock icon India's gold, forex reserves fall
        42 18 Reuter BOMBAY India's gold and foreign exchange reserves slipped to US$23.56 billion as on Aug 18, 1995, against US$23.83 billion the previous week and US$21.87 billion a year ago, the Reserve Bank of India (RBI) said. Reuter
        Reuter  -  42 words
      • Article
        Lock icon BNZ raises mortgage rates in wake of tighter monetary policy
        371 18 Reuter WELLINGTON A leading New Zealand bank, responding to Friday's tightening of monetary policy, yesterday raised its home lending rates. The Bank of New Zealand was the first to move and, if past patterns are repeated, others will soon follow
        Reuter  -  371 words
      • Article
        Lock icon Indon miner's gold, silver output falls
        156 18 Reuter JAKARTA Indonesia's state-owned general mining company FT Aneka Tambang has reduced production targets in gold and silver this year due to poor retrievals from its Mount Pongkor mine, the official Antara news agency said. It quoted company president Darmoko Slamet as saying the
        Reuter  -  156 words
      • Article
        Lock icon Why British merchant banks are losing out
        405 18 IHT LONDON In the financial capital of Europe, foreign firms have long been a fact of life. But never have they so dominated it. In the first half of the year, three of the largest British investment houses Barings pk, Kkinwort Benson Securities
        IHT  -  405 words
      • Article
        Lock icon Non-Opec states weaken oil price effort, says Kuwait minister
        278 18 ENERGY REPORT Reuter KUWAIT Non-Opec producers are undermining attempts to boost oil prices by failing to respond to pleas for market cooperation with Opec, Kuwait's Oil Minister said yesterday. "There must be cooperation and coordination between producers inside and outside the
        Reuter  -  278 words
      • Article
        Lock icon Untitled
        208 18 AFP NEW YORK The dollar eased against major currencies except the yen early yesterday in slack trading with the London market closed for a bank holiday and no new new US economic data to be released. Gold was quoted unchanged at U*****.00 per ounce from Friday's close. At 1430 GMT,
        AFP  -  208 words
      • Article, Illustration
        Untitled
        1174 18 Tradt-ortuhled index cakvlaled anaiitu S'parr'i lop 14 iradtnx partner* Base year: I9HS US$/S$ forward rates Noon Aug 28 S$ Bid Offer 1-month 1.4132 1.4147 2-monlh ***** 1.4113 3-month ***** I 4080 6-month 1.3967 I 3987 Suunr OCBC FOREIGN CURRENCY NOTE RATES As at 9am an tag 28 Singapore dollars to
        1,174 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar and Euroyen close steady
        1294 19 Reuter SINGAPORE Simex Eurodollar and Euroyen futures ended steady, underpinned by rises in Chicago on Friday amid continuing hopes of an easing in US interest rates. Both markets were little changed, with dealers awaiting the US non-farm payroll data due on Friday for further dues
        Reuter  -  1,294 words
      • Article
        M'sia rubber up on hope of demand
        672 19 COMMODITY REPORTS KUALA LUMPUR: Rubber prices closed firmer in quiet trade as expectation of European buying interest after the summer holidays and tight supply pushed up prices. The market expects the Europeans to look for fresh stocks as most factories are resuming operations
        672 words
      • Article
        Falling yen cuts coffee buying
        69 19 SINGAPORE Japanese coffee roasters have reduced bean purchases during the past few months following the yen's fall against the US dollar. Japanese buying was spurred by the yen's strength in April and by the threat of a Brazilian frost in May-Aug. Now that frost fears
        69 words
      • Article
        China's metals production climbs 14%
        62 19 BEIJING Rising world prices boosted China's production of non ferrous metals 14.12 per cent to 2.33 million tonnes in Jan-July, compared to the same period last year. Output by the China National Non ferrous Metals Industry was valued at 21.79 billion yuan (553.7 billion) during
        62 words
      • Article
        Thai smelter to get 11.4b baht loan
        72 19 BANGKOK A new Thai copper smelting and refining project will receive a syndicated loan for 11.4 billion baht (Ss64o million) from Thai financial institutions, according to Thai Copper Industries. Construction of the 130,000-tonne-a-year-capacity facility will begin this year, with production scheduled for 1998.
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      • Article
        US coffee roastings down
        57 19 NEW YORK US 1995 coffee roastings through Aug 19 reached 10.4 million 60 kg bags, down from 10.665 million in the same period of 1994, according to data compiled by Complete Coffee Coverage. Roastings for the week ended Aug 19 stood at 335,000 bags, down from
        57 words
      • Article
        No decision on EU cocoa butter issue
        46 19 LONDON The European Union group working on harmonising the directive on chocolate ingredients has not yet made its proposal for the EU Council to consider, but hopes to do so in the near future, an EU official said yesterday.
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      • Article
        COMMODITY PRICES
        1403 19 SICOM Futures Aug 28 Wfc«r Physical Prices (Marts dosing as at 5.30pm) y Bvyors sdltft m$ I C—tract (S cents/kg) As at 12 mom (S ccnts/kg) Close Volume Open Month High Low Sell (tonnes) I mere* RSS 2 Sep 95 194.25 I95.25N Sep 95 197.00 197.00 197.00 1550
        1,403 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1000 20 +9.6 SHARES closed higher yesterday under the influence of firmer futures and a higher US market, but tempered by uncertainty ahead of economic data due later this week. The All Ordinaries Index rose 9.6 points to 2,126.9. The All Industrials rose 8.2 to 3,095.4 and the All Resources index
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      • Article
        Manila
        582 20 -2.34 Share prices dropped as investors shifted funds from most blue chips in the absence of good news. News of impending inflation affected investors' short term economic outlook. The PSE Index lost 2.34 points at 2,774.88. Turnover was 15.6 billion shares valued at 984.6 million pesos. Power retailer Manila
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      • Article
        Taipei
        553 20 -1-80.12 Share prices finished higher in response to liberalisation on foreign investment, with all eight major categories of shares enjoying gains. "The authorities' plan to ease the maximum of US$200 million (S$284 million) for foreign institutions to invest in the local bourse per year spurred buying" said an analyst.
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      • Article
        Seoul
        416 20 Stock prices ended marginally higher as a wait-and-see mood seeped into the market in the absence of incentives. The Composite Price Index closed at 922.44 points, up 0.75. Turnover was 25.54 million shares valued at 432.34 billion won. Rises beat falls by 441 to 360, with 158 counters ending
        416 words
      • Article
        New Zealand
        332 20 -7.88 Stocks ended lower with slight falls in all the leading stocks and with continued heavy selling in Fletcher Challenge (FCL). The NZSE-40 Capital Index ended 7.88 points down at 2,086.58 on turnover worth NZ$5O million NZ$3l.B million of which was made up of sales in FCL. Overseas
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      • Article
        Bombay
        76 20 -33.87 Shares finished lower as fund managers were in a holiday mood and frequent disruptions on the bourse's online trading system also contributed to light volumes. The BSE will remain shut today and tomorrow for Hindu festivals. The BSE extended its session by 30 minutes due to frequent disruptions
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    • WORLD STOCK MARKETS
      • Article
        Paris
        155 20 -47.76 French stocks fell on concerns the ousting of Alain Madelin as Finance and Economics Minister could signal a less stringent economic policy. Financial stocks were hurt by concerns the Bank of France might not have room to cut interest rates when it meets on Thursday because the franc
        155 words
      • Article
        Frankfurt
        168 20 -20.70 German stocks lingered near the day's lows in computer trade thinned by oneday UK public holiday and weighed down by weak DAK futures. Dealers said shares were seen stable to end of day but likely to drift downwards today. The Ibis DAK Index closed down 20.70 points at
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      • Article
        Brussels
        185 20 -1.08 Belgian shares closed slightly down but above the day's lows as dealers feared another dip today on the back of big losses in France and Germany. The Bel-20 Index eased 1.98 points to 1,469.90. "There was some profittaking," one dealer said. "But then some apparently believed (Belgian shares)
        185 words
      • Article
        Milan
        189 20 -184 Italian stocks fell, pulled lower by a tumbling lira and by concern that with the summer holidays out of the way, Italy's politicians will resume battling over when to hold elections. The All-Share Mibtel Index fell 109 points to 10,270, its lowest level in four weeks. The narrower
        189 words
      • Article
        Amsterdam
        281 20 -3.20 Dutch shares lost narrowly at the close, pulled down by two heavily weighted stocks at ex-div levels in business numbed by the absence of London's influence during a UK bank holiday. The AEX Index ended 3.20 points lower at 461.41 with trading volume scattered amongst financial and cyclical
        281 words
      • Article
        Stockholm
        159 20 +3.70 Swedish stocks rose as gains by paper and products company Stora onset concerns about a possible rating downgrade for S-E-Banken. The OMX Index rose 3.70 points to 1,382.57. Stora's A shares closed up 2.5 kronor at 92.5 while the B shares rose 1.5 to 93.5, as it reported
        159 words
      • Article
        Zurich
        245 20 -10.5 Swiss stocks fell as investors, still disappointed at recent half-year results, shunned banking shares such as Union Bank of Switzerland. Dividend rights certificates of drug maker Roche Holding, which pulled the main index up earlier in the day, declined from an all-time high of 8,050 francs to close
        245 words
      • Article
        Johannesburg
        308 20 •16.8 South African shares drifted aimlessly lower in "deadly quiet" trade, dealers said, citing a static bullion price, the London banking holiday and investor caution ahead of tomorrow's consumer inflation data as factors depressing interest. Volumes had been extremely thin throughout the day, dealers said. The Overall Index was
        308 words
      • Article
        Toronto
        236 20 +0.80 Stocks opened mixed in quiet trading as market players keep a watchful eye on this week's US and Canadian economic data. The TSE 300 was up a marginal 0.80 of a point to 4,591.8 on volume of 6.5 million shares with a value of C$109 million. However, declining
        236 words
      • Article
        New York
        686 20 +7.75 Stock prices pulled back slightly in quiet trading early as the market looked to bonds for direction amid an absence of key economic news. The Dow Jones Industrial Average, which rebounded 20.78 points on Friday, was 7.75 up to 4,609.15 at 1 lam EDT. The NYSE Composite
        686 words
      • Article
        Untitled
        1192 20 London Aag 25 Pun Industrials A. A. Corp Adr 54.700 t- 0*0 AB Pom 302 +2 Abbey National 535 unch Allied Lyon* 517 4 10 Amcc »l 4/8 -2 4/8 Argyll 355 4 t Asda Group 103 4/8 4/8 BAT lad 517 3 BICC 321 f 3 BOC Croup 83*
        1,192 words
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      Lock icon TOKYO
      2535 21 Bloomberg Business News TOKYO Stocks rose yesteroay as investors piled into telecommunications shares, which are expected to benefit from an mtusion of funds with increased spending. 'That's the real story now," said a trader. 'The new theme is telecom infrastructure." Communications and computer maker NEC rallied 2.5 per cent
      Bloomberg Business News; Source: Bridge Info  -  2,535 words
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      Lock icon BANGKOK
      1542 21 Reuter BANGKOK Stocks closed down in thin trade on political concerns and the absence of foreign investors due to some overseas public holidays, brokers said. The SET Index lost 11.89 points to 1,337.44. Turnover was 26.6 million units worth 2.05 billion. Losers led gainers 214 to 51 while 109
      Reuter; Source: Bridge Info  -  1,542 words
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      Lock icon JAKARTA
      1139 21 Reuter JAKARTA Stocks ended flat in dull trading, with the market dominated by players speculating on second liners. The Composite Index closed at 501.17 points, up 0.57. The market was dominated by local players due to the public holiday in Hongkong and London," a broker said. Local focus was
      Reuter; Source: Bridge Info  -  1,139 words
    • Article
      CLOB INTERNATIONAL
      2472 22 mm Hi** law Stmt caanaay Laat Safc 4-/- I Vol Day last Oautr flM) Haiti law Brryer Seller OH Die YM Nrl M Cap Ca t HE Sana IIULAYSIAN STOCKS 471 144 m WOO ASS 50c 127 77.S at 5001 AMDS 50c 240 I4S 5002 AJcom 242 171
      2,472 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Interest rate fears push share prices down
        6814 22 Bloomberg Business News KUALA LUMPUR Stocks fell, led by builder United Engineers (Malaysia), on concern that rising interest rates will draw money out of the market and eat into corporate profits. Investors switched into Japan this month when the weak yen made Japanese
        Bloomberg Business News; Source: Bridge Info  -  6,814 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        9324 23 b M »t Lni Vol Da, Usl Qwotc Di. Di. Yld Net a» A.g Lot Mm («■»«■> Sale (WO) High Low Baver Seller f.r P/E Vim I Price industrial and commercial 510 382 ml 1000 Vnu 50c 510 +42 1493 510 472 505 510 22.5 58 2.2 10 7 703
        9,324 words
      • Article, Illustration
        Lock icon Second liners, warrants hog the limelight
        1874 24  -  R. Sivanithy SINGAPORE Local second liners and their warrants took centre stage yesterday, as interest in Malaysian speculatives waned further and local blue chips attracted little attention. The performance of the Straits Times Industrials Index was a fair reflection of demand for larger capitalised
        Charts by Bridge Info; Source: Bloomberg  -  1,874 words
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      211 15 NEWS VALUE STAe shocks with $48.6m loss (pg I) Share pricc is close to year's low, but more selling can be expected. Vicooi gets in-principle approval to list on main board (this pg) Vicom is very small, but that could mean fast growth when it expands regionally. Say 'No* to
      211 words
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      90 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
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      63 16 UPDATED STOCK VALUATION 6,8,20 TIMES A DAY. RIGHT AT YOUR DESK! How many times have you wanted the value of I 4 I the inventory mid-month and you had to settle for UPHiH the last month end figure. Now you can have this ■t h --^M! report on any date
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      134 17 j*^r 9 V ftV -bP*? b^bT^^bV^b^H (W ppvpn your bottom line comfortable.) w Garuda Indonesia Executive Class. «C i T -J*! Direct from Singapore to 16 cities 'Smwm BhayM IbsT around the world. With time-saving city H jjjal Y_ check-ins and convenient connections. \^r s V V V nc on
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      85 19 SHOWER SCREEN KEEPS BATHROOM FLOORS CLEAN PRY mmm HH BSjM Corner-entry ideal for small bathrooms No grooves on bottom tracks-easy cleaning Frames anodised and powder-coated Panels polystyrene, mirror and tempered glass The system features perfectly water-tight seals Made to measure-any size Also available pivot and hinged doors fihos* Stories Let
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      210 21 The CLSA China market report was not available The Hongkong stock market was closed yesterday 1 r s Cost: 30 cents a minute ZZZZZUZZZZZZZZZZZZ~ Portfolio Manager I Real-time Update Takes the trouble to monitor your I r EF m stock performance. I A Gives you instant access to B /s.
      210 words
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      1089 24 BUSINESS TIMES TOLL -FREE TEL. No 1-800-741-1883 FAX 741-1298 I MTHE mATTEr OP UNDERI THE INSTRUCTIONS, OF THE TRUSTEES NOTICE Tl* the companies act. UK M I I sVbbbV I ll ii I And In the Matter Of CHAPTER 60 ,BB B B^B^B^^^^^^^^^?^^^^^^ NO. LORONG *S. OEYLANC. FIRST POINT RESOURCES
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      Page 24 Advertisements Column 2
      52 24 Singapore Closing Share PHcm 28/08/1096 CUM MMV LOW MON Mi Mi 111 w W» W w» 04* 044 (M ol»4a BKB Nll»ll|Ui0 1-M 1JI 141 144 EZZZuSEB taMOrtMM 047 047 047 040 JaUHB OEafa Wnmm OO-••• 0400 0470 040 0401 Published by Jardme FtorrMng International Securities Limned (Incorporated tn British
      52 words
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  • Shipping Times
    • Article
      Lock icon DAILY FREIGHT
      526 25 Knight-Ridder, Reuter FREIGHT RATES managed to remain on a firm plateau in modest activity but shipbrokers say owners may succumb to lower rates to awaken charterers' interest. "Panamax rates are just about sticking at the moment," said one broker. "We have a suspicion they might begin to fall."
      Knight-Ridder,; Reuter  -  526 words
    • Article
      Hyundai aims to be one of the top five mega-carriers in 2000
      429 25 HONGKONG Hyundai Merchant Marine of South Korea is aiming to be a combined logistics company in the next century. Company officials say they have* a business plan that will see it becoming one of the five mega-carriers in
      429 words
    • Article
      Lock icon Plan to start W Med feeder service
      222 25 UPI GIOIA TAURO, Italy While owners of spare crude tankers explore new ways of keeping their rusty hulks afloat, operators of container lines in the Middle East and Asia will welcome the opening of the Medcenter Container Terminal at Gioia Tauro, on the
      UPI  -  222 words
    • Article
      MARITIME STOCKS
      326 25 SES '000 Aug 28 S$ Vol CWT Distribution 1.69 0.05 114 Chuan Hup Holdings 1.37 +0.05 1304 Cosco Investment 2.33 unch 425 Far East Levingston 6.20 -0.05 50 Freight Links Express 0.91 +0.005 831 GB Holdings Ltd 1.05 +0.115 502 Hai Sun Hup Group 1.01 +0.055 8297 Hitachi
      326 words
    • Article
      HK, British investors propose international port in Batangas
      411 25  -  Reports by Al Labita in MANILA SOME Hongkong and British firms have proposed building a 10 billion peso (*****.7 million) international seaport in Batangas, south of Manila. The proposal followed a government decision to "fast track" the project's completion by 1998, Batangas
      411 words
    • Article
      Philippine lines buy more and bigger vessels
      244 25 THE government's deregulation policy has spurred shipping firms to buy more and bigger vessels, the Maritime Industry Authority (Marina) says. In its July report, Marina says it approved the acquisition of 43 new vessels from January to June worth US$26 million (5536.9 million),
      244 words
    • Article, Illustration
      Lock icon Two freighters aground off Japan
      104 25 Knight-Ridder NIIGATA, Japan Two Panamanian-registered freighters ran aground on a breakwater in Naoetsu port in Niigata prefecture on the Sea of Japan coast yesterday morning bat all 38 crew members were rescued, the Kyodo news wire reports maritime safety agency officials as saying. The 3,414-tonne
      Knight-Ridder  -  104 words
    • Article
      Falsehood claim falls within court's admiralty jurisdiction
      586 25  -  ADMIRALTY CASIHOOK By Selva Kumar THE Singapore High Court's admiralty jurisdiction was recently challenged by a party which argued that a claim for malicious falsehood should not come before the court. But the defendants in Thye Nam Loong (S) Pte Ltd v The
      586 words
    • Article
      Lock icon Aussie govt, unions continue talks on ANL
      211 25 Reuter CANBERRA The Australian government, facing a threatened national waterfront strike, will continue talks with maritime unions and the Peninsular and Orient Steam Navigation Co pk: (P&O) over the proposed sale of the government's ANL Ltd shipping line. Cabinet is due this week
      Reuter  -  211 words
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      Lock icon Port decree
      49 25 Reuter PAITA, Peru Port captain decreed that all vessels arriving from tropical ports, believed to be Central American ones, will have to be fumigated to avoid possibility of infecting the population with dengue. It is not known whether this restriction will spread to all Peruvian ports. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Titanic's sunken sister found: Greek reports
      349 25 AFP ATHENS The Greek media were awash with rumours at the weekend concerning the wreck of a giant ocean liner found off the country's coast, while the diver who found it described it as the most impressive hulk he had ever seen. Reports concerning
      AFP  -  349 words
    • Article, Illustration
      Asiana flying high with first profit
      656 26  -  Hard-nosed policies and dedicated service pay off for South Korean carrier, reports Dexter Lee Dexter Lee ASIANA Airlines, South Korea's second international carrier, appears to have come of age. The carrier jumped into the black last year the first time since it took to
      656 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      322 26 P«ge •ANL 3 A Me 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appcnship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 B'tang Mas 10 Bright Express 6 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ei
      322 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10235 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement Page 8 ETA ETM Mirttser Vessel Veyage P| E A
      10,235 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        647 37 Jurong Port (BT) Terwga Muda Atana Joya Asean Success Batam Man Dai Days Dai Guru Eastern Glory Fatsa 8 King Be Koatdo PatnctO Murprty Prasetya lestan Surya Sakb Yayasan Tuajh (BT) 4106 Ado (BT) Am Batam I (8T) Escng Rom Joya (8T) laya Aback (BT) PLM Boneraya
        647 words
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        CONTAINER SCHEDULES
        1715 37 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Boofctac/Balance Ship *oy Ho Ett/Btr M* fnm U fnm Aa Me 2538 31/2000 3 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1/00 Aa Swan 185A 30/0200 IB 28/1500 28/1659 28/1900 3 29/0/00 29/1159 29/1*00 A* Pride 0062A 31/0200 iS 28/1500
        1,715 words
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        COCKETT BUNKER MARKET REPORT
        907 37 THIS report, compiled by Cockctt Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Pnccs shown are based on average-sized stem. Market movements are indicated. The Cockctt Bunker Price Index change and the individual
        907 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Airlines urge White House to drop US$500m jet fuel tax
        500 38 Bloomberg Business News WASHINGTON Airlines say a US$5OO million (Ss7lo million) jet fuel tax slated to kick in this fall will undermine an industry rocked by five years of record losses, draining hard-won profits from stronger carriers and driving the
        Bloomberg Business News  -  500 words
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        Lock icon Chrysler's new vans test its operating system
        258 38 AP WINDSOR, Ontario Chrysler executives say this year's launch of a new generation of minivans has been the smoothest production start in the company's history because of lessons learned from 200 other companies. Chrysler is redoing its "crown-jewel" vehicles and at the same
        AP  -  258 words
      • Article
        Lock icon Emirates to start Vietnam flights
        162 38 Reuter HANOI Dubai-based Emirates Airlines said yesterday it would start twice-weekly flights to Ho Chi Minh City on Oct 30, the latest link in an expanding chain of international flights to and from Vietnam. The new service would promote trade and tourism between Vietnam and
        Reuter  -  162 words
      • Article
        Lock icon Union urges VW workers to protest against pay cut plan
        323 38 FT BONN IG Metall, Germany's biggest union, has called on thousands of Volkswagen employees to protest today against plans by the company to extend working times while cutting pay. The demonstration has been organised to coincide with the resumption of
        FT  -  323 words
      • Article, Illustration
        Lock icon High-speed train escapes blast
        78 38 AFP LYON, France Terrorist fears turned to France's symbol of modern technology, the high speed train TGV, as authorities over the weekend found a bomb with a faulty detonator planted on one of the busiest railway lines to Lyon. Thousands of vacationers and tourists, travelling on
        AFP  -  78 words
      • Article
        Lock icon GE, IHI to work on engine for Bombardier
        162 38 Reuter TOKYO Japan's Ishikawa-jima-Harima Heavy Industries Co Ltd (IHI) and General Electric Co (GE) of the US are jointly developing an aero engine for a 75-seat passenger aircraft for Bombardier Inc of Canada, an IHI spokesman said yesterday. The total development cost
        Reuter  -  162 words
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        Lock icon MAS aims to be world's top airline
        306 38 Bernama HAYMAN ISLAND, Australia Malaysia Airlines (MAS) chairman Tajudin Ramli said yesterday the airline's new goal is to become the world's largest, most successful and respected airline "MAS should be viewed more accurately as a high technology company involved in transportation. In a
        Bernama  -  306 words
      • Article
        Lock icon MAS hits out at Aussie govt, Qantas
        155 38 AP HAYMAN ISLAND, Australia Malaysia Airlines (MAS) yesterday criticised the Australian government and Qantas for failing to grant the carrier daily flights to all Australian capitals. The airline also accused Qantas of deliberately blocking attempts to increase daily direct flights to Australia. Speaking
        AP  -  155 words
      • Article
        UPS' new express service
        88 38 SINGAPORE United Parcel Service (UPS) has started a new service that guarantees delivery of packages from the Asia-Pacific, Europe, Mexico and Puerto Rico to major cities in the United States by 8 am the next day. The UPS Express Plus service also ensures delivery of packages
        88 words
      • Article
        Lock icon New airport planned near Medan
        84 38 AFP JAKARTA Indonesian authorities will build a new airport outside the city of Medan, north Sumatra, replacing an existing facility in the middle of the city, Transportation Minister Haryanto Danutirto said yesterday. The new civilian airport will be located about 23 kilometres out of the
        AFP  -  84 words
      • Article
        Lock icon Fedex gets Taiwan nod
        121 38 Reuter TAIPEI Taiwan's Civil Aeronautics Administration (CAA) has agreed to give Federal Express Corp stopover rights, paving the way for the firm's plan to set up an express transhipment centre on the island, a CAA official said. "To develop Taiwan into a regional aircargo transhipment centre,
        Reuter  -  121 words
      • Article
        Lock icon Toyota's new station wagon
        94 38 Reuter TOKYO Toyota Motor Corp has introduced a fully remodelled version of its Sprinter-Carib compact station wagon for the domestic market. The l,600cc and l,800cc cars include a driverside airbag as standard, and both the exterior and interior have been remodelled. Toyota aims to sell 2,500
        Reuter  -  94 words
      • Article
        Lock icon Indian train derails, three killed
        87 38 AFP NEW DELHI Three people were killed and five injured when an Indian passenger train derailed in the northern state of Punjab, the Press Trust of India (PTI) reported yesterday. Railway officials suspect sabotage as the track had been tampered with. Eight coaches of the
        AFP  -  87 words
      • Article
        Lock icon Peugeot aims high with new model
        114 38 Reuter PARIS PSA Peugeot Citroen chairman Jacques Calvet said the group's Peugeot division is targeting to win 10 per cent of the European market segment for upper mid-sized cars for its new 406. He unveiled the new model, which will be on sale in
        Reuter  -  114 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1327 38 AIRCRAFT ARRIVALS DEPARTURES Ommm GA974 GA882 0020 2310 QF081 SQ228 1930 2120 QF062 2055 GA897 KL837 SQ327 1306 1450 1530 GA974 KL844 KLB3B SQ026 0020 0110 2355 N2073 SQ286 1545 2040 SQ288 N2D74 2045 2340 ***** SQ181 BM29 1105 1410 2115 SQ182 8M22 8M30 0815 1210 2215 1150 M2907 1250
        1,327 words
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      1973 26 BULLETIN BOARDf— I e»min« nn icm mHo freighting directory now out The man behind DHL's Jumbo box sem,nar s Freighting Directory, the only English-language directory of A M international transport companies based in Japan, is now available. The express air-freight major DHL M one-day seminar on The ISM directory lists
      1,973 words
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      Page 26 Advertisements Column 2
      43 26 Linei and services repre»ented by Members of the Registry of Accredited Shipping Agents, Singapore National felSjMiJ ShioDtna Association \^mmf[// for advertising enquiries, contact Snipping Times: Tef 740-2089/740-2090 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BiEmessTuii^es
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      1963 27 WHOLESALE CENTRE. BLOCK 1. #03-10 SINGATOREQSII TEL: *****55 (12 LINES) FAX: *****16/***** 23 TLX: R*****0/2SOSB FSSHIP vtssa vor swru swftd ix^tmajion «a 12/rs m/m UM rUJtyNBWw; «f DUX I (1/95 3HW 31/W rmkMAam mom is/is hw oi~ »6iWPUMe NAJTUI! 11/95 31/W ttt/W JAUItt/TMMM GUUSUIUN 7/95 04/W W/H JAUIU/fUAW bULfOMUO 11/95
      1,963 words
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      Page 27 Advertisements Column 2
      597 27 mm &lm\\\\\\\\ C I sVlaaWWßßMaaaMßalfl ___________________________________________JH f£sm Tjm [t n^n MQBC SOUTH WEST EXHttSS (DWKT) Ivbsr vm Ism eu| smew lualonl 01 I I at Iwm wrc wot 1 oai I wbmwmhwswww. m w/w nm w/w nm nm »m urn 's/o* is/www WW ttftwwt ma 31/w io/w it/it 21/w n/w
      597 words
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      Page 27 Advertisements Column 3
      674 27 HANJIN SHIPPING SLlSkqi 5~ lum~ I t\m 1 n/m 1 n/8 1 SSL Z\ tm SJ ov!ilm7u 1 ■jMMMB m t//W »/M W/M MMMMSAII ISg IM/M IK. MtTUW 0I» 11/10 11/U|ii/M"| "Sir ttS S "/!> u/i! j mcilobS! 3 "/!!SjSj [HMUwtMajyM mv mbo h/io iw/u [n/u |mmjmmbjw issi Iw/MjajuMwa o»
      674 words
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      648 28 Vesa w m m v pjbak sb m no no sw ok swinttWDTBSS ~!wW~i7i HI m iH ~~> JZEZ HI IMI ZZi JUL mm 31/43. m ii/i t/» i*v» w* fl J4______Jl___J3_- DtEsoaawfss gj ______Z__l«4_ JIZL MMBM 11/433 10/1 _j 11/1 W ft* M J__ i^--^" ji__._a_ _3 §3 _l^_^^
      648 words
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      Page 28 Advertisements Column 2
      1380 28 NORASiAT] VESSEL VOY SM ALQ LAB MX VAL HAM MMI MOT ANT FEL LHA VAa M4W MM IM| 14M 23M MM MAM MM MAM MM 17M MM) stAtitoMvooH MM nm nm 2w» nm one oiio 02/11 M/M mo *io 00/10 ASl F^_? U s_. 3 11W 03/10 I /10 07,10
      1,380 words
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      Page 28 Advertisements Column 3
      543 28 JAPAN/HONQKONQ/STRAITS REGULAR SERVICE, LOADING FOR PORT KLApKI/PENANO WM I vot iWM rajum \pm Wfj WHITtMAKUYQ 11AU6 TAYASAN TLUUH II gj M AJJ6 PMEBMBHT 14 MAIN eg 1 PAMMMA a gg ~BOEP i WW UMM 1 87 SEP ntg LAWfIO H Wig iAin»*iiCLiA i msep 11 stp IHgT" TMSMMIJEtTTIC 1 USE-
      543 words
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      Page 29 Advertisements Column 1
      1342 29 6 fTrnW STRAITS SHIPPING PTE LTD j JMLJbmW SlaiapTt 0208 Tel: *****88 Fas: *****17 AftA NIW OUWWA PACIFIC UNI SSm\V (A BHRVTCC Of CHfeNA NAVKIATrON CO) L CAAao due sails Imwm v tCJWMAWS v«4« MM UO XX (2 AO4 Soa MM* MM* MW TOIWW STRAITS HOPE VWOK Maori XX LM
      1,342 words
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      Page 29 Advertisements Column 2
      2150 29 a ff m m M f mm Singapore Agent, 1 C UfltltT P& Containeni (Singaporr Agencies) Pte Ltd V U U m"m*M> U 10 Ho« Chiug Road, tt74l KeMel Towers, StaffM-ore f 2MJ First Class Connections WORLDWIDE ocs LX rNaMDCK 104W9 IVVOOZ ■puakjkaiaa aa\ amM^Oambbmmm EXPORT IMPORT VttML VOY [MM
      2,150 words
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      1030 30 -^JP__^CT7^*n^T.^.T^H--*i^ MMM mm fcMWM* •wrw^rw^ I fan MM MM rM TM* LMV LHV T># ROM *f* I I ■E. RESULTRW-004 Vt 2U tM W M HA I. MJBJJM-M SI/7 tJ M t ROYAL RW-422 M !M »1 110 VII VM E QIOWIM RE 133 JI M M M I M
      1,030 words
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      Page 30 Advertisements Column 2
      804 30 PERSIAN (wXF SERVICE v«sa vor tcp out mv 55 km rmuii* ota«jw x« urn -?m MM i*m MICMCBTT MtMTM MM MM IMB IMB MM MM UWCMXOM Mil MM MM MM MM MM VM VM RM Ml COMMA MBMMM SM 81l MM M/lt VI MM MM <IMM3a>TMPaNMMfcMMm MMMMMMMMWIMMMMM iyuu»mjs/sou™ «5i s»
      804 words
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      Page 30 Advertisements Column 3
      490 30 RtCMHELD MARINE AGENCIES (S) PTE LTD UTEL *****33 (11UNES) FAX: *****18/*****03 TELEX: RS ***** RtSHIP (3 Lines) CM HO **********08 \)SS niioruM iiwrwn iwrn II'"*"" mm m MO* p ~MFW MBTmBPM MM** WWW M WWrWWM WMWWmWMWMWWMr f (N_iMMM!IiMMof EMsomm.) ACCEPTING FCL AND CONVENTIONAL Em La dlna<l r *toyo« 4iwb ivio
      490 words
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      2118 31 ti»pw*r% i Unrmi mummx fW Itmtmftl): tttlttt $im*mmms asmmn o*fl CO STAR SHIPPING PTE LTD fu l t m X*'JUSl m lummtr «mmim*t c~ut.; tm m attut 0f.r.»~ mmt tmnt Mil/,, nmV m!hP RMMBMjM.. tm mmMmm t ,.,m.. au v m m cotTAH teincitt mi tm mm. Tl: 17-U3$lU/ItJ fit
      2,118 words
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      Page 31 Advertisements Column 2
      546 31 (j£ FAMOUS CONTAINER LINES Zm *\{gyr m 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT LIME: *****33 (30 UNES) Weekly sailing to UNITED KINGDOM >-y Dublin Liv.rbool ni-h.-i Call our friendly group FAMOUS EUROPE GIRLS RAMLAH IMAH MOUY *****33 1 P KLANQ PH: 0203/*****02 (10 UNES) PENANG PH: 020******67 (10
      546 words
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      Page 34 Advertisements Column 1
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      774 34 79 ANSON ROAD, §21-01. SIMOJLPOIra 0207 CW 1W70»OOOON PORT KLANQ pgNAHO vtssa I vm |sm I m I VESta. *rr I SEA LAUREL 419N COQBSUN I DBAfIONMAS 4SN 3V3BTHU 02A18SAT XOUR JAVA ***** ~O4X~MO>J ~rj&O9WEP I XOURSPORE ***** igffi—l ttW»IIPN Pf RKASA MN (HO9MON 06ABWE0 IHQTSE 5061 _o_g_SU_ OSASTUE SEA
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
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      Page 35 Advertisements Column 2
      1104 35 I ADVANCE CONTAINER LINES (PTE) LTD II if*- I Z 140 C*cH Strewt. n2-00 PI I Building SJngapor. 0106 LmZ TEL: *****21, FAX *****19, TELEX: RS ***** ACLPL r MAl49?K*i*s* I JAKARTA yy—l voy tm mm pjpj w vor sn jkt wa mUMIM SMI27 30/ M Wd 03/0? X OAAW
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      Page 35 Advertisements Column 3
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      781 36 HlHiill l_ AFGHANISTAN MAM Afghanistan Ltd., |k^JH Xm\w m\\mw\ Hairstan, Torghundi, Islamqala (Doqharun) wBEOCaEWaB C.1.5./RUSSIA: AJma Ata. Ashkhabad, Baku, Dushanbe, IBHtTni 1 l__v>h Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, h—!iiiLl7i rlnrn Novosobtrsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny ■Wlltfltoiai RMVVt-Qwa Mongolia: uiaan Bator N Korea: Pyongyang, Nampo Uiyjtiiil EXPRESS CONTAINER SERVICE (igj_L__|
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      Page 36 Advertisements Column 2
      907 36 \m, ai MW CONTAINER LINES- INC I Agents: MAC-NELS SPORE: *****22 (24 UNES) kuchmg wwn l-N /Y~ J OAlllOtlllllT SJBU-.(0M)*****6 MAMLA:(632)*****61 v PENAN0:(04)*****6 8ANGK0K:(692)*****67 SURABAYA:(9I)26I66O PKELAMQ:(O3) *****77 JOT (21) *****07 MOM: £1) *****3 SANDUNG «430NW6 I ASIA HKGVTWN/BKKI GENOA/EUROPE I PEN PKL SIN DAILY RECEIVING 27/8 28/8 29/8 HKG/BKK/KEE/KHH 3Q/8
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      Page 36 Advertisements Column 3
      275 36 m\mu\W SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAIUNGS VESSB H SM X PL DON CT ARIA V 122 SLD SLD SLD SLD MPT TMIVI23 11/09 ***** 29/09 12/10 11/10 25/10 'Ate) cats EX. 1 P.E. lAALATSU AGENTS: PO9TKEL4MG TG.MAM TH: *****00 TEL 34*2*1 SU AGENTS: KOTA RMfJOJ MMMI TE: *****7 IB:
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
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