The Business Times, 7 September 1995

Microfilm: NL20018
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BusinessTimes WE KNOW ASIA Thursday September 7 1995 85* MITA(P> 194/12/94
    12 words
  • Article
    Lock icon Dow up 17.96 points
    73 1 Bloomberg Business News NEW YORK US stocks rose for a third day yesterday amid optimism that the Federal Reserve will lower interest fates later this month, spurring the economy and corporate profits. At 2pm EDT, the Dow Jones industrial Average was up 17.96 points at 4,688.04
    Bloomberg Business News  -  73 words
  • Article
    Untitled
    151 1 STII 2,123.47 +10.49 KLSEComp 992.15 +4.81 Nikkei 17,620.38 -173.66 Hang Seng 9,194.68 -28.23 SETlndex 1,294.92 -2.31 Jakarta Coap 493.14 -3.45 Manila Comp ....J,704.56 -25.76 Taipei WPI 5,111.82 +146.55 SaoSl Comp 944.52 +15.56 tabavKraO .3,326.60 +1041 CLSA China B 874.48 +11.49 Anat AH Ord 2.147.6 +24 FTSE 100 „3,557.70 +25.30 Of
    151 words
  • Article
    Car agents slash prices, clear stocks amid soft market
    673 1  -  By Christopher Tan SINGAPORE The impending arrival of new car models and pressure to meet sales quotas have forced Singapore distributors into an aggressive round of price-cut-ting not seen since the Gulf War in 1991. Prices have been slashed in what
    673 words
  • Article
    Asian stocks mostly weaker, Sesdaq retreat continues
    197 1 SINGAPORE Regional stock markets were generally weaker yesterday, with Singapore's Sesdaq shares retreating further while the Straits Times Industrials Index staged an unconvincing 10.49-point rise to 2,125.47. The UOB Sesdaq Index plunged 4 per cent or 4.4 points to 96.35. Losses were widespread
    197 words
  • Article
    Dollar soars above 99 yen in Tokyo
    349 1  -  Fran Anthony Rowley AIDED by successive bouts of Japanese central bank intervention and by strong expectations of an early cut in Japan's official discount rate, the US dollar rose above 99 yen in Tokyo yesterday. It failed to break through the 100-yen barrier
    349 words
  • Article
    Speculate against HK$? Don't play with fire, warns financial secretary
    334 1  -  From Quak Hiang Whai HONGKONG'S new financial secretary has pledged to maintain the link between the local currency and the US dollar and vowed to defend the linked exchange rate against speculators. In his first public speech yesterday, Donald Tsang
    334 words
  • Article, Illustration
    Raflq Jumabhoy no longer MD, CEO, says Scotts Hldgs
    419 1  -  By Jenny Lam SINGAPORE Listed Scotts Holdings dropped a bombshell yesterday when it said Rafiq Jumabhoy had "ceased to be" its managing director and chief executive officer with immediate effect. A brief statement to the stock exchange yesterday did not give
    419 words
  • Article
    Sarawak timber tycoon buys 24.5% stake in Ming Pao
    504 1  -  From Quak Hiang Whai in HONGKONG and Ho Kay Tat in KUALA LUMPUR SARAWAK timber and media tycoon Tiong Hiew King has joined the growing band of Malaysian investors who have taken up strategic stakes in Hongkong-listed newspaper groups. A source
    504 words
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      164 1 l CD-mt RmwmUi CO Tunar OSP Sound Proc«SMr/CaO*ngir Contromr Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. tteglpin: Phone; *****33 KmU Lumpur: Phone; 757 0233 ftHMf: Plwne; 615 965/619 014 Jakarta: Phone; *****9/*****8 BT Online Look as ap at http:// www.asial.com.sg/biztinies Shbb 2 SSSSLim. Regional Neers -3,4,6,7 financial 18 World News
      164 words
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      9 1 Law: Pg 13 A case of law and aura
      9 words
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      20 1 Hock Lock Siew: Pg is H Ming Pao will open Chink aqors Stroag Mrfe take* toll oa Genua growth, 14
      20 words
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      54 1 t orn Line: Pg 14 n: role model no more golf[house The Offomafe M fyfytpGOIf HOUSE MEGA Nga* Ann City GOU HOUSE Canlrapoinr GOIF HOUSE Marina Square B ROYAL SPOMNG HOUSi GttOUP Hock Lock Siew: Ming Pao will open China doors for new owner, Pg 15 ChristianDi or 9L M
      54 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Stock trading down slightly
        262 2  -  By R Sivanithy BUSINESS done on the main board and Clob Inter- national in August was slightly lower than in July, mainly due to a dwindling of I-interest in Malaysian stocks and an indifferent set of lo- cal interim results which was ignored by foreign funds.
        Source: SES  -  262 words
    • Article
      Singapore inspectors submitt report to Dr Hu
      269 2  -  Barings debacle By Catherine Ong THE Singapore inspectors appointed to probe into the affairs of Baring Futures (Singapore) Pte Ltd yesterday submitted their report to Finance Minister Richard Hu. The Ministry of Finance said yesterday that Dr Hu would "study their findings and
      269 words
    • Article
      Rubber chemical firm Flexsys sets up regional HQ in S'pore
      315 2  -  By Siow Li Sen THE world's largest rubber chemical supplier, Flexsys, has made Singapore its Asia-Pacif-ic regional headquarters and technical centre because of the strong growth of rubber consumption in the region. Flexsys Pte Ltd officially opened its ofTice and
      315 words
    • Article, Illustration
      Manufacturer in marketing tie-up
      225 2 A LOCAL manufacturer, P-Serv Technologies Pte Ltd, has formed a marketing tie-up with two companies to improve the distribution of its products. The two -are Eltraco Holdings of Singapore and Dynaspec Sdn Bhd of Malaysia, which have agreed to form a new joint venture with P-Serv
      225 words
    • Article, Illustration
      Lock icon Acer looks to US$3b sales from Aspire PC
      440 2  -  At least lm units of new-concept home computer expected to be sold by next year By David Mok TAIWANESE computer giant Acer has launched a new-con-cept computer targeted at home consumers that it says could net worldwide sales of up to US$3
      Photo by Arthur Lee  -  440 words
    • Article
      More hard work needed
      728 2  -  Vikram Khanna analyses the World Competitiveness Report and lists areas that Singapore has to fix Vikram Khanna Academics win tell you that one should be wary of studies that come up with rankings of countries in terms of competitiveness. Apart from the concept itself being somewhat
      728 words
    • Article, Illustration
      Time Warner unit sets up Asian headquarters in S'pore
      310 2  -  J* Chan Siew Ling TIME Warner subsidiary Time Life Asia has set up its Asian headquarters in Singapore. The company, which has one of the world's richest archives of copyrighted material, said it was impressed by the country's policy to be
      310 words
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      78 2 only B H else is as IMHIP|^H consistent. |BjjM 1 Creai Drank*; FknuU I Take an original evening. Add a dash of live music. Sprinkle with laughter and the latest gossip. Served with finger-licking snacks. And you have the fj Clemenceau's recipe for a sensational great time. Happy Hours: 5-8
      78 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Burning issue
      47 3 Reuter WELLINGTON A demonstrator barring an Indonesian flag in front ot the New Zealand Defence Force Building here on Tuesday. East Timor Action Group activists set the flag alight in protest against Indonesia's occupation of East Timor and New Zealand military links with Jakarta. Renter
      Reuter  -  47 words
    • Article
      Lock icon Toxic waste: a green pledge by Indon firms
      129 3 Reuter JAKARTA About 100 Indonesian companies, including a major airline and a giant petrochemical plant, have pledged not to produce toxic waste as a by-product of their operations. The official Antara news agency yesterday said the pledge, made before Environment Minister Sarwono
      Reuter  -  129 words
    • Article
      New base rate formula favours efficient KL banks: analysts
      540 3  -  From Ho Kay Tat BANK Negara's proposed new formula for determining the base lending rate (BLR) that commercial banks should charge will favour the more cost-efficient banks aside from increasing its influence over lending rates, banking analysts said yesterday. "It is
      540 words
    • Y
      • Article, Illustration
        Lock icon Sihanouk at Proton plant
        39 3 Reuter KUALA LUMPUR Cambodian King Norodom Sihanouk and Queen Monique trying out Malaysia's national car, the Proton, at a factory in Shah Alam yesterday. The king is oh a three-day official visit to Malaysia. Reuter
        Reuter  -  39 words
      • Article
        Lock icon Vietnam minister in Malaysia
        72 3 Reuter KUALA LUMPUR Vietnamese Foreign Minister Nguyen Manh Cam yesterday arrived here to sign an agreement setting up a Vietnam-Malaysia joint commission aimed at improving bilateral diplomatic and economic cooperation. Mr Cam and Malaysian Foreign Minister Abdullah Badawi will hold talks today and sign a memorandum
        Reuter  -  72 words
      • Article
        Lock icon Maharashtra picks arbitrator
        123 3 NYT Bloomberg Business News BOMBAY India's Maharashtra state has appointed Malaysia's former representative to the United Nations, P Coomaraswaipy, as its arbitrator in proceedings against it by Dhabhol Power Co, The Economic Times reported. The power company is suing [he state for cancelling a contract to build
        NYT; Bloomberg Business News  -  123 words
    • Article
      Lock icon Jakarta okays US$30b in foreign investment projects
      280 3 AFP JAKARTA Indonesia has approved 523 foreign direct investment projects so far this year valued at U5529.93 billion (5542.7 billion), the State Minister of Investment Sanyoto Sastrowardoyo said yesterday. The figure covers the period up to Aug 26. The minister did not give
      AFP  -  280 words
    • Article, Illustration
      Afta council sticks to 2003 free trade target
      578 4  -  VIEW FROM BRUNEI But press statement says Asean on track for 2000 deadline By Yang Razali Kassim A BOLD proposal from Brunei to quicken the Asean Free Trade Area (Afta) to the year 2000 failed to clear its first major hurdle yesterday.
      578 words
    • Article
      Lock icon European aircon maker may set up plant in Philippines
      150 4 UPI MANILA Trade officials said yesterday a leading European industrial air conditioning company has expressed interest in setting up a manufacturing facility in the Philippines that could bring in some US$5OO million (Ss7lo million) in investments. Trade officials said Denco Ltd's
      UPI  -  150 words
    • Article
      Lock icon Indonesia vows to remain self-sufficient in energy
      168 4 Reuter JAKARTA Indonesia is determined to maintain energy self-sufficiency in the face of rapid economic development, a senior official said yesterday. "During the Second Long Term Development Plan (1994-2019), energy development will be directed to assure our continued self-sufficiency in energy supply," Zuhal,
      Reuter  -  168 words
    • Article
      Lock icon Indonesia posts US$205m trade deficit for June
      286 4 AFP Reuter JAKARTA Indonesia posted a trade deficit of U*****.9 million (*****.2 million) in June, compared with a trade surplus of $400.7 million in May, Information Minister Harmoko said after a cabinet meeting yesterday. Mr Harmoko said that exports in June stood at
      AFP; Reuter  -  286 words
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      64 3 a——————iai——— Key II say so incredibly demanding. Gold aroma arabica taste giving me just the inspiration I need. X B M. M* B ft: Jt" J& m When you're particular about fine M f m m Jflr m mm k m ra I music, you're particular about fine lit I:■
      64 words
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      542 4 FOR SALE Corporate Building At Bedok Sooth Road I fl I jocntjg. *£1— A r HOUSING Sri I W ESTATE rawsaMrpsi \<A MAfUETfC S=\i SITE Wl > IDEAL FOR YOOR FfICTORY/WfIREHOtKJNQ OFFICE MEEDS s, Comprises a purpose-built single storey detached factory with mezzanine level offices Land area: Approx 32,000 sq
      542 words
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      7 4 Editorial: Heeding A pec's businessmen, Pjg 12
      7 words
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      255 5 To succeed in unfamiliar territory, you need someone with experience at your side 9 Getting ahead nowadays often requires you to skilfully seek out of whatever situation arises. In the world of banking, this someone r and seize opportunities wherever they may arise. More often than is Hongkongßank. We pride
      255 words
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  • CHINA/HONKONG/TAIWAN
    • Article
      Lock icon Chinese economist sees 17% inflation
      336 6 Reuter BEIJING China faces a tough task to achieve its goal of a soft landing for its economy this year, with inflation expected to come in above target at 17 per cent, a leading Chinese economist said yesterday. A main factor to blame was artificially
      Reuter  -  336 words
    • Article
      Lock icon Beijing tightens collection of VAT
      174 6 Reuter BEUING China has tightened control on the collection of value-added tax (VAT) in a bid to raise total tax revenues, Xinhua news agency said. "Tightening the management of value-added tax is of vital importance to China," Xinhua quoted Lu Renfa, vicedirector of the State
      Reuter  -  174 words
    • Article, Illustration
      Lock icon Out in the cold
      52 6 Reuter HUARIOU, China Hundreds of rain-soaked delegates at the UN-sponsored world women's forem here crowd around a hall where US First Lady Hillary Rodham Clinton was giving n speech yesterday. A last-minute change to a smaller venae meant many women had to stand ontside in the
      Reuter  -  52 words
    • Article
      Lock icon China's top securities regulator may head first private bank
      270 6 Bloomberg Business News BEIJING A top securities regulator may head China's first 100 per cent privatelyowned bank, lending extra weight to its mandate to promote private sector growth. The government is considering appointing Tong Zengyin, deputy chairman of the China Securities
      Bloomberg Business News  -  270 words
    • Article
      Lock icon More rate cuts likely for Taipei
      128 6 Reuter TAIPEI Taiwan central bank governor Sheu Yuandong said he was considering further cuts in the reserve requirements for commercial banks to loosen liquidity. "The central bank will definitely try to solve the tight liquidity problem. We will consider cutting reserve requirements again," Mr
      Reuter  -  128 words
    • Article
      Lock icon Management shake-up for big firms
      84 6 Bloomberg Business News BEIJING The Chinese government has ordered a shake-up in the leadership of its largest state enterprises to improve management and adherence to Communist Party doctrines, the South China Morning Post reported yesterday. The paper cited an official circular issued on Tuesday deploring
      Bloomberg Business News  -  84 words
    • Article
      Lock icon Shanghai foreign banks' audit gets ok
      75 6 Reuter SHANGHAI An annual audit by the Shanghai branch of China's central bank has given foreign bank branches a clean bill of health, although conclusions have yet to be announced, officials said. The audit, starting mid-August and scheduled to end this week, was aimed
      Reuter  -  75 words
    • Article
      Lock icon Guangdong shuts down job agencies
      83 6 AFP SHANGHAI China's southern Guangdong province has closed down 73 employment agencies and ordered 129 others shut down for restructuring in an bid to bring order to its job market, a newspaper reported yesterday. The Wen Hui 800 daily said another 313 agencies had been
      AFP  -  83 words
    • Article
      Lock icon More policemen for Shenzhen
      91 6 AFP HONGKONG An extra 3,000 policemen will patrol the streets of Shenzhen to counter a crime wave that has affected foreign investors, Chinese newspapers reported yesterday. Xie Zhiqing, deputy director of Shenzhen public security bureau, was quoted as telling a Hongkong business delegation on Tuesday, that
      AFP  -  91 words
    • Article
      Lock icon Daqing Petroleum tops China firms in sales
      128 6 Bloomberg Business News BEIJING Daqing Petroleum Administration, wfyfch runs China's biggest oil field In the north-east, was rated the nation's largest state-owned company in terms of sata^ volume last year, the official China Daily reported yesterday. The annual ranking if conducted by the
      Bloomberg Business News  -  128 words
    • Article
      Lock icon Foreign investment up 60% in Taiwan
      267 6 AFP TAIPEI 4* foreign investment in .Taiwan in the eight months to August jumped 60 per cent from a year earlier, with the government approving 256 projects worth US$l.4B billion (SS2.I billion), the Investment Commission said yesterday. Among the 256 projects, 223 were from
      AFP  -  267 words
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      818 6 c na SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) f■ > y 4 ANNOUNCEMENT ..y v TV>- •o. nm orwenoKjari I UNAUOffED RESULTS FORTHE SIX MONTHS ENOEO SO JUNE IMS CQMWMiY QWOUP W* 1804 IMB 1804 or woo si wo si-000 srooo 1. (DUnow IQJ79 41.408 U
      818 words
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      Page 6 Advertisements Column 2
      216 6 mm I 1 Business Mi B—A—'i —«c—n wmta I|T77»jw I 1111 In this issue: What Asians bosses want The MBA is the most important tool of professional management. But what place docs it have in corporate \s\a2 Asian Business has conducted a landmark' survey to find out what the region's
      216 words
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  • ASIA
    • Article
      Lock icon Japan retailers face shakeout as price war breaks out
      475 7 Reuter TOKYO Kakaku hakai meaning literally "price destruction" i is changing the face of Japan's retail industry, forcing traditionally sedate companies to struggle for survival under the pressure of competition. A long slump in retail prices, caused by feeble economic growth
      Reuter  -  475 words
    • Article
      Lock icon Sri Lankan MPs demand cabinet's resignation
      358 7 AFP COLOMBO Sri Lankan ruling legislators have lambasted the government for alleged inaction and sought the resignation of President Chandrika Kumaratunga's cabinet, political sources said yesterday. The party crisis came just after three senior ministers opposed Mrs Kumaratunga's radical peace plan to end Sri
      AFP  -  358 words
    • Article
      Lock icon Central bank actions may cause recession in NZ: analyst
      121 7 Reuter WELLINGTON Brokcragt Cavill White Securities said the Reserve Bank of New Zealand's double tightening of monetary conditions last month may tip the economy into recession. vc Retail sales, housing and jobs data all pointed to a rapid slowdown in the
      Reuter  -  121 words
    • Article
      Lock icon Indian economy set for strong growth, lower inflation: Singh
      285 7 AFP NEW DELHI Finance Minister Manmohan Singh has painted a rosy picture of India's economy, with strong growth and lower inflation, and said further disinvestment in the public sector was under consideration. Mr Singh, architect of the free-market reforms begun by
      AFP  -  285 words
    • Article
      Lock icon Communist West Bengal falls in love with markets
      213 7 Reuter CALCUTTA Deregulation and private investments are no longer dirty words in India's eastern state of West Bengal, which has seen more than 18 years of communist rule. A more dynamic industrial policy combined with improvements to infrastructure has seen investment approvals
      Reuter  -  213 words
    • ASIA NOTES
      • Article, Illustration
        Lock icon Indian flood deaths cross 600 mark
        92 7 AFP NEW DELHI A flash flood warning was sounded in the Indian capital yesterday as the nationwide death toll from monsoon rains crossed the 600 mark, officials said. Twenty-two deaths were reported overnight from Kashmir. In New Delhi, officials warned that low-lying districts of
        AFP; Reuter  -  92 words
      • Article
        Lock icon Dhaka hit by another strike
        56 7 AFP DHAKA The Bangladesh capital was gripped by a dawn-to-dusk generaj strike yesterday called by opposition parties to protest political violence and the opening of a new session of parliament. This is the third strike in five days to force Prime Minister Khaleda Zia to
        AFP  -  56 words
      • Article
        Lock icon Australia to host peace talks
        58 7 AFP SYDNEY Australia said yesterday it would host a peace conference this week aimed at*resolving a bloody six-year secessionist war on Papua New Guinea's eastern island province of Bougainville. The conference would be held in Caims either tomorrow or on Saturday, said a spokesman for
        AFP  -  58 words
      • Article
        Lock icon Aussie jobs growth seen strong in Aug
        43 7 Reuter SYDNEY Australian employment is expected to record another month of strong growth in August, but the pace is starting to slow, economists said yesterday. The average forecast was for a 9,500 rise in employment. Reuter
        Reuter  -  43 words
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      30 8 [MJTAGHeuer SWISS MADf -/.i- m., I SUCCESS. IT'S A J "*l* MIN D S el Series. Scratch resistant sapphire crystal. Double protection screw in crown. Water resistant to 200 meters.
      30 words
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  • FOCUS
    • Article
      Barings' collapse shows derivatives pose policy challenges
      611 9  -  IMF study on international capital markets Reports from Leon Hadar in WASHINGTON THE supervision and regulation of international capital markets continue to be challenged by' the possible spillovers from a string of major failures and losses in the expanding derivatives industry, according to
      611 words
    • Article
      Ultimately, fundamentals will prevail
      236 9 THE experience with the Mexican financial crisis late last year showed that disturbances in one market will spread to others. But eventually, financial markets respect strong fundamentals, which explains why key Asian markets were spared serious damage, according to the IMF in a recent study titled
      236 words
    • Article, Illustration
      Simex v Osaka: the Nikkei futures tussle
      409 9 THE competition between the Osaka Securities Exchange and Simex is a particularly revealing example of how derivatives exchanges compete, according to the IMF study. Both exchanges trade a similar futures contract on the Japanese Nikkei 225 stock index. In 1989, the first full
      409 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      62 9 For further information on the new Audi AB, or to obtain details on how to arrange a test drive, contact: Motor Ultima Pte Ltd, 921 Bukit Timah Road, Singapore. Telephone: 462-1900 We reinvented body design, material technologies and construction techniques. The alternative was reinventing gravity. i I > The new
      62 words
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      1259 10 Riirtvy&i<zer I I Hid 11 ii I m -i^where to wine, dine and entertain WOBLD suggest SCUING BEER S '«</-/•/ i j i| Where can we bring the J u n jwud&6 for dinner? Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under
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      347 10 ty HG Heavenly Mooncakes at Mandarin Singapore prom 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
      347 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon US takeover sparks controversy
      907 11  -  Venice Film Festival Some critics are uncomfortable with the way the festival has changed, says John Tagliabue John Tagliabue NYT IME was, Venice was the poor rela- tion of the film world. Its Golden Lion the top award of the annual Venice Film Festival could never
      NYT  -  907 words
    • Article, Illustration
      Lock icon Rich rockers among UK's top 500
      247 11 EftHATftffß#* UPI AP UPI POP STARS took quite a few spots on the latest list of the 500 wealthiest Britons, according to Businessage magazine. Queen Elizabeth 11 topped the list, of course, but the richest rocker of the lot is ex-Beatle Paul McCartney, worth
      UPI; AP  -  247 words
  • Page 11 Advertisements
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      350 11 IMHHUHww ENVIRONMEXASIA9S 111 l WATERMEX ASIA9S A Powerful Combination Of Environmental Conferences Yha CANNOT Afford To Mm! Menu®: World Trade Centre Singapore "The problem of environmental degradation in the Asia-Pacific region has never been more pressing. Increased I industrialization and urbanization have perpetuated the rate of environmental degradation in the
      350 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1088 11 TV a RADIO I CM Richard ITMMIII2 ClifF Richard's well-known hits Wired For Sound, Daddy's Joanna Holiday will be featured in concert Wembley London. Abominable Iwww, 8.30pm, adventure seekers course, themselves fe*. dangerously on a snowy mountain in the middle blizzard. make matters the legendary snowman Barber, William Joe Hanna
      1,088 words
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  • Article
    Heeding Apec's businessmen
    478 12 WHEN the Asia-Pacific Economic Cooperation (Apec) arrangement was conceived in 1989, its founding fathers were enlightened enough to ensure that businessmen had a big say in its workings. Businessmen are, after all, the people who will ultimately make Apec work. Without them, the arrangement would quite likely
    478 words
  • Article
    Fire without the haze?
    309 12 IT IS exactly a year since Singapore and Malaysia were shrouded in the dust particles whose innocent-sound-ing name, the haze, gave little idea of the damage that was done. There is no haze this year, but, once again, the fires are raging out of control in
    309 words
  • Article
    Lessons from the past
    143 12 IT IS heartening to note that the level of awareness among young Singaporeans on the Japanese occupation is quite high 99.7 per cent. Understanding of Singapore history is important as the country moves ahead. It will help strengthen nationhood. Understanding Singapore history, particularly the Japanese Occupation
    143 words
  • Article
    Unhealthy China-Japan rift
    217 12 JAPAN has been wanting to change its international image and to enhance its status as a "big power". The action has now been taken by the Murayama government with an announcement last month to freeze grant aid to China following the latter's nuclear test. This is a
    217 words
  • Article
    Ripple on muddy waters
    119 12 THE substantial fines imposed by the Insider Dealing Tribunal in its long-awaited ruling on the Public International Investments Limited (PIIL) case sends the first really clear signal to the business community that insider tradjng will not be tolerated. It is long overdue. Hongkong's reputation as an
    119 words
  • Article
    Put burden on the rich
    140 12 INFLATION is the government's priority of the month. Prime Minister Banharn Silpa-archa has given his ministers 90 days to tackle the problem, and the government has announced new measures. Among them are: mobile units to market low-price produce at selected markets and at universities; voluntary
    140 words
  • Article
    Mess from the beginning
    115 12 THE long-awaited fourth world conference on women kicked off in Beijing yesterday with a high-ranking United Nations official hopeful that some of the problems that have dogged the ongoing unofficial meeting would be resolved. When UN Undersecretary-General Ismat Kittani hoped the conference could now settle down
    115 words
  • Article, Illustration
    Murdoch's pa$$port
    966 12  -  Countries bend rules to accommodate the media king, reports Peter Lynch in Sydney Peter Lynch The writer is a Sydneybased journalist who contributed this article to BT Australia's abc put together a major background feature on Rupert Murdoch's family last week. But they did so without the media
    966 words
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      225 12 ————______I^—__—________ U 111*/ ijjhiiKfl pojif nr olliiTio!r h FREE ADMISSION j Ptl Ix2nd to 10th September 95 TlflU 12KX) noon to 10:00 pm IMM Exhibition Hall 1 Til LWs2nd 3rd September 95 4pm: Vincent Serico Living the Dreamtime 7pm: Ai Qing Yun his Laughter Bamboo 9th Sept 95 2.30pm: Sun
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      81 12 f•' f ON uJiTM see. u*w nqlj\ OCNT kmowholj A I ~r*' i M Jive. got -e>swd rround J sou pur op uxtw FUDGe VtOUK U)OrcK« v rdr tme. dost m/ shouting per ivey vsgrrie Ifflgr y MW»SK Q|/ He Doe.vi'"t r ®E!3g?—n jflßflk y] ve«s not o5Lv WB f/
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  • LAW
    • Article
      Lock icon A case of law and aura
      568 13  -  Even at a restaurant, those called to the bar stand out, writes Andrea Higbie Andrea Higbie NYT ESPITE the fame, fortune and v.v I occasional notoriI ety that can come 'if# with being a suc- cessful lawyer, deep down, a lawyer is a lawyer
      NYT  -  568 words
    • Article
      New law firm sees S'pore as a priority
      392 13  -  Fran I Florence Chong In HONGKONG INGAPORE is considered a priority location for a branch of a new legal firm, Deacons Graham James, which will be f formed by the affiliation of -''three firms the Hongkong-'-f based Deacons, Australia's Sly Weigall, and
      392 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      36 13 I f L i r I V flE3| H|| i J Li a li Sapkisticated, shimmering, seasatioial. Cool jazz and smooth vocals. With shades of blues. Nightly from 8.45pm, Monday to Saturday. City. Tel: 431 6156
      36 words
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      Page 13 Advertisements Column 2
      222 13 Tke rare perfection of PaleL Philippe al Tke H our Glass I Ctooting timepiece all akout ike exquisite •kould ke relaxed and v feature, tkat kail mark affair. MC k Pkilippe in Especially you're our After rare a f we ounelvet as of Patek -ta-" CoBno^Menr And our Pkilippe. cuitoueri
      222 words
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  • Article
    Lock icon Strong mark takes its toll of first-half German growth
    467 14 Reuter WIESBADEN, Germany German economic growth slowed in the first half of the year, confirming analysts' fears that higher taxes and the strong mark had taken their toll and putting the government's fullyear forecast beyond reach. The gross domestic product (GDP)
    Reuter  -  467 words
  • Article
    Lock icon Bonn cuts repo rate to 4.2%
    156 14 UPI BONN The German Bundesbank yesterday lowered the lowest rate at which it supplies refinancing 15-day funds to commercial banks by 10 basis points, to 4.20 from 4.30 per cent. The further reduction in the central bank's so-called repo rate reflects the continued easing
    UPI  -  156 words
  • Article
    Lock icon US papers post best ad revenue rise in 7 years
    262 14 Bloomberg Business News RESTON, Virginia US newspapers turned in their best first-half advertising performance in seven years, the Newspaper Association of America said. Ad revenue rose 6.1 per cent to US$l6.7 billion (5523.7 billion) in the first six months of
    Bloomberg Business News  -  262 words
  • Article
    Nine held for multi-billion-£ money laundering racket in UK
    243 14  -  Frm Neil Behrmann in LONDON POLICE arrested nine people seven Germans and two British nationals in the coastal resort of Torquay, southern England, for an alleged fraud involving several billion pounds. A spokesman for the Devon and Cornwall police force said
    243 words
  • Article
    Lock icon Credit card debt checking economic recovery in US
    431 14 Bloomberg Business News WASHINGTON A mountain of household debt is preventing consumers from pumping money into goods and services and slowing the pace of economic recovery, recent statistics suggest. Household debt, especially credit card debt, is "keeping the snapback in the economy
    Bloomberg Business News  -  431 words
  • Article
    Lock icon US plans to monitor motor trade pact with Japan
    72 14 Bloomberg Business News WASHINGTON Clinton administration officials plan an unprecedented effort to monitor the recent US-Japan motor trade agreement to ensure a "significant increase" in US motor and motor parts sales in Japan. "This is a critical agreement," US Trade Representative
    Bloomberg Business News  -  72 words
  • Article
    Lock icon Railtrack's £189m profit
    76 14 UPI LONDON Britain's Railtrack yesterday announced that it earned pre-tax profits of £189.3 million (Ss4l6 million) in its first year of existence to March 31. The company was formed in April, 1994, to run track and stations previously managed by state-owned British Rail. The British government wants
    UPI  -  76 words
  • Article
    Lock icon More money for US defence
    77 14 Bloomberg Business News WASHINGTON The US Senate has passed legislation authorising US$7 billion more in defence spending than President Bill Clinton requested, after accepting a compromise on a national missile defence system. Passage came on a 64-34 vote after senators, trying to ward off a
    Bloomberg Business News  -  77 words
  • Article
    Lock icon N-test one of the smallest
    89 14 AFP OSLO The French nuclear bomb test in the Pacific was "one of the smallest*' ever conducted by French scientists. "The nuclear test released energy equivalent to between five and 20 kikrtonnes, that is one of the smallest ever carried out by France,*' said Jan
    AFP  -  89 words
  • Article
    Lock icon Wining and dining to a deal
    104 14 AP TOKYO Aichi Prefecture's Civil Aviation Administration Office treated national government bureaucrats and local business leaders to 20 million yen (*****,800) worth of meals and drinks last year to win support for an international airport, the Asohi Shimbun has learned. The newspaper obtained the
    AP  -  104 words
  • Article, Illustration
    Japan loses its role model status among Western states
    617 14  -  The Bottom Line REGINALD DALE REGINALD DALE The writer is a cotumnist with the International Herald Tribune, where this commentary first appeared THE world's view of Japan is radically changing. Not so long ago, Western politicians and economists were trying to
    617 words
  • Article
    Lock icon On the info superhighway Murdoch's king of the road: mag
    301 14 Reuter NEW YORK Vanity Fair magazine namw< media tycoon Rupert Murdoch as the world's most powerful man in what it calls the "New Establishment", linking entertainment, information and technology. In its annual list of who's who on the information superhighway,
    Reuter  -  301 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
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      Page 14 Advertisements Column 2
      18 14 For stories, quizzes songs, cell Children's Funlsnd on 1900-910-0001 st 30 cents s minute. •Mrtocfc'i *assp«t, Pg 12
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  • COMPANIES & MARKETS
    • Article, Illustration
      C&P pumps $150m into slew of projects, eyes public listing
      519 15  -  By Rahita Elias SINGAPORE Rapidly expanding container terminal operator C&P Holdings, which is investing more than $150 million in diverse projects at home and abroad, plans to be listed on the main board in the near future. Group managing director
      519 words
    • Article
      S'pore-Taiwan satellite project finally takes shape
      368 15  -  By Genevieve Cua SINGAPORE The muchdelayed joint-venture satellite project between Singapore Telecom and a Taiwanese partner will finally get off the ground today. A memorandum of understanding on the US$2OO million (Ss2B2 million) project is expected to be signed by Telecom chief executive Lee
      368 words
    • Article
      Transmarco, Nortel eye joint project
      275 15 SINGAPORE Trading company Transmarco Ltd said yesterday that it was likely to bid for a telecommunications project within the next six months with Northern Telecom Singapore Pte Ltd (Nortel). The project with Nortel Singapore, part of Canadian telecom giant Northern Telecom, was likely to be
      275 words
    • Article
      DBS Land unit in Sarawak property hook-up
      195 15 SINGAPORE A subsidiary of DBS Land has formed a joint-venture property management company with the Land Custody Development Authority of Sarawak (Pelita) the first foreign property management company to do so. The subsidiary, Esmaco, will hold a 45 per cent stake in the
      195 words
    • Article
      Ming Pao will open China doors for new owner
      822 15  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Tiong Hiew King may not be an exact double of Robert Kuok, but the two have a lot in common. Both are second-generation Chinese Malaysians whose fathers came from the northern Fujian city
      822 words
    • Article
      Singatronics associate expands aggressively
      365 15  -  By David Mok SINGAPORE Local CDROM maker Eastgate Technology, an associate firm of mainboard-listed Singatronics, is expanding aggressively, with work under way on a six-storey extension to its local plant and plans for its first ofTshore plant in China. Eastgate managing director Goh Hun Keng said
      365 words
    • Article
      Lock icon Teng Fong ups YHS stake to 44.32%
      114 15 Reuter SINGAPORE Ng Teng Fong's Far East Organisation is steadily increasing its stake in soft drinks firm Yeo Hiap Seng ahead of the expiry of its general takeover offer for the company next Thursday. Far East unit Orchard Parade Holdings Ltd said its
      Reuter  -  114 words
    • EYES on you STOCKS
      • Article, Illustration
        MARKET MOOD
        51 15 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities. Daiwa, Fraser, G K Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court, Wl Can and SG
        51 words
      • Article, Illustration
        HOT STOCK
        83 15  -  By Shirv Taneja THE breakout at QAF Ltd marks the end of a price congestion pattern and indicates further upside for the stock. This is also borne out by the daily and weekly RSI charts, which indicate a further rise in the share price. QAF could test its
        83 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          CMB Asia seeks suspension
          24 16 SINGAPORE CarnaudMetalbox Asia has asked for suspension of trading in its shares today pending the release of its interim results.
          24 words
        • Article
          SES gives nod to Alliance placement
          31 16 SINGAPORE Alliance Technology and Development said yesterday the Stock Exchange of Singapore had approved a private placement of 5.36 million new shares at $1 each.
          31 words
        • Article
          Causeway announces board changes
          52 16 SINGAPORE Tunku Osman Ahmad has resigned as executive chairman of Causeway Investment. He will remain on the board as non-executive chairman. Sia leng Yuen, alias Xie Ning Yun, and Bernard Poulit will resign as directors, effective Sep 15. Robert Ti will resign as a director, effective
          52 words
        • Article
          New director at Electro Magnetics
          32 16 SINGAPORE Preston Chang Nai Ying has been appointed an additional director of Electro Magnetics (1992). He is the son of the company's chairman, Parry Chang Sun Way.
          32 words
        • Article
          QAF in the dark on share trading
          32 16 SINGAPORE QAF told the Stock Exchange of Singapore yesterday it is not aware of any reason for unusual trading activity in its shares and warrants.
          32 words
      • Article
        Untitled
        1528 16 "V Mmapri prices (S) Sep 7 Mcndaki Gr Fund 0.99 I O2mi0 Sinf iiwifr linit Trust us Gr Fund 1.13 1.17** The Commerce 1.54 1.63 UOB Asset Mgt Ltd The Savings Fund 1.49 1.58 (Jnifund 1.40 1.47 S*pore Prog Fund 0.61 0.65 Umhond 1.06 1.085 S*pore See Fund 0.91 0.97xd
        1,528 words
      • Article
        Lock icon Pacific Basin Shipping seeks S'pore listing
        188 16 Reuter HONGKONG Pacific Basin Bulk Shipping Ltd said yesterday that it had applied for a secondary listing in Singapore. The company currently trades on Nasdaq, in Oslo, and on SEAQ International. "We believe that Singapore is fast becoming recognised as the financial centre of
        Reuter  -  188 words
      • Article
        Lock icon Broking firm Pan Pac Asia sees revamp tripling profit
        348 16 MBT KUALA LUMPUR Stockbroking company Pan Pacific Asia Bhd expects to triple its pre-tax profit for the current financial year ending Oct 31 to M 593.31 million (Sss3 million), after taking over five timber companies and divesting wholly-owned subsidiary South Johor
        MBT  -  348 words
      • Article, Illustration
        Lock icon KL amendment paves way for listing of infrastructure firms
        427 16 MBT K.UCHING Malaysian authorities have amended the Securities Commission Act to allow infrastructure project companies (IPCs) without track records to list on the Kuala Lumpur Stock Exchange (KLSE). Securities Commission (SC) chairman Munir Majid yesterday said the commission has also prepared
        MBT  -  427 words
      • Article
        Lock icon Lihir Gold IPO to be priced at A$1.32-A$1.50 a share
        469 16 Bloomberg Business News SYDNEY Shares in the initial public offering of Lihir Gold Ltd, which is developing the world's largest untapped gold mine, will be priced between A 51.32 and AS 1.50, the underwriters said yesterday. The issue aims to
        Bloomberg Business News  -  469 words
      • Article
        Higher US$ eats into global stock market gains: report
        170 16 SINGAPORE The US dollar's sharp rise last month eroded stock market gains around the world, according to US investment bank Morgan Stanley. In a press release yesterday, Morgan Stanley said that its MSCI World Index, which tracks equity markets around the
        170 words
      • Article
        Lock icon Citic Pacific, Chao family in Dragonair sale talks: report
        168 16 Reuter HONGKONG Citic Pacific Ltd and the Chao family of Hongkong have joined negotiations to sell a stake in local carrier, Dragonair, to stateowned China National Aviation Corp (CNAC), the South China Morning Post said yesterday. Cathay Pacific Airways Ltd and
        Reuter  -  168 words
      • Article
        SingRe posts 17% rise in interim earnings
        172 16 SINGAPORE Singapore Reinsurance Corporation (Singße) yesterday posted higher interim group net earnings for the six months to June 30, despite a dip in turnover. Earnings rose 16.9 per cent to $5.01 million while turnover slid 6.9 per cent to $40.43 million. Earnings per
        172 words
      • Article
        JC-MPH plans to go on the prowl to expand core areas
        388 16  -  By William Chia SINGAPORE Diversified publishing group Jack ChiaMFH Ltd intends to expand its four core areas through a programme of strategic acquisitions and organic growth. JC-MPH chairman Jack Chia, in the company's latest annual report, said the acquisitions
        388 words
      • Article
        Lock icon Kerkorian ropes in Chrysler veteran York
        480 17 Reuter DETROIT Billionaire investor Kirk Kerkorian, fuelling speculation that he may launch a new, more credible bid for Chrysler Corp, said on Tuesday he had hired the carmaker's former chief financial officer, Jerome York, and may seek to make him a Chrysler director. Mr
        Reuter  -  480 words
      • Article
        Lock icon Goodman Fielder expected to post flat earnings
        409 17 Reuter SYDNEY Food group Goodman Fielder Ltd is expected to show another disappointing annual result when it reports its 1994/95 earnings tomorrow, with analysts expecting a flat net profit for the year. Following a management shake-up over the past year, analysts expect the
        Reuter  -  409 words
      • COMPANY BRIEFS
        • Article, Illustration
          Lock icon BA's Bosnia chanty drive
          50 17 Reuter LONDON Former EC envoy to Yugoslavia Lord Owen (left) and British Airways chairman Colin Marshall contributing foreign currency into Unicef containers during a charity launch yesterday. For the next month, money collected from BA travellers will go to child refugees in the former Yugoslavia. Reuter
          Reuter  -  50 words
        • Article
          Lock icon A big month for mergers
          89 17 Bloomberg Business News NEW YORK US corporations announced US$6O billion (5585.2 billion) of mergers and acquisitions in August, making it the second biggest month ever, according to Securities Data Co. Chemical Banking Corp's US$lO billion merger with Chase Manhattan was the biggest among 13 transactions
          Bloomberg Business News  -  89 words
        • Article
          Lock icon Lubrizol wins reversal of Exxon verdict
          51 17 Bloomberg Business News CLEVELAND Lubrizol Corp said a federal appeals court overturned a US$l29 million (SJIB3 million) judgement that the company infringed an Exxon Corp patent. A Houston jury had found in February 1994 that Lubrizol infringed an Exxon chemical component patent. Bloomberg Business
          Bloomberg Business News  -  51 words
        • Article
          Lock icon Total's interim profit dips 1.1%
          73 17 Bloomberg Business News PARIS Total SA, France's second largest oil company, said yesterday that first-half net profit fell 1.1 per cent as refining margins declined and the US dollar weakened against the French currency. Net profit was 1.81 billion French francs (S$SO6 million), compared with
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Accton to launch IPO
          57 17 Bloomberg Business News HSINCHU, Taiwan Accton Technology Corp, one of Taiwan's largest makers of computer network products, said yesterday it will offer S.SB million shares at NTS 36 per share in an initial public offering. It tentatively plans to list the shares on the Taiwan Stock
          Bloomberg Business News  -  57 words
      • Article
        Lock icon Time Warner moving closer to a deal with Turner?
        333 17 UPI NEW YORK Wall Street investors indicated on Tuesday they believe Time Warner Inc has moved closer to reaching agreement on an expected US$B billion (SSI 1.4 billion) buyout deal for Turner Broadcasting System Inc. Time Warner is widely expected to
        UPI  -  333 words
      • Article
        Lock icon Acer plans share sale
        145 17 Bloomberg Business News TAIPEI Acer Inc, one of the world's largest personal computer makers, is gearing up for a US$2OO million (SS2B2 million) international stock sale, a top company official said. Acer will sell 85 million new shares, according to vicepresident for Finance Philip Peng, which
        Bloomberg Business News  -  145 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US banks get refund as deposit insurance fund is replenished
        372 18 Reuter WASHINGTON The fund that insures depositors at failed banks in the red just a few yeah ago was fully replenished at the end of May as bank failures in the United States remained at low levels, regulators said on
        Reuter  -  372 words
      • Article
        Lock icon US investors turning to 30-year bonds in absence of inflation threat
        348 18 Bloomberg Business News NEW YORK Signs that the economy is growing without muck inflation have led some mfestors to turn to some of the longest-term securities wfeiishi the US Treasury has to offer. Some managers reckon the Reserve won't
        Bloomberg Business News  -  348 words
      • Article
        Lock icon Korean bank in US$1b commercial paper programme
        262 18 Bloomberg Business News HONGKONG Korea Development Bank, a govern-ment-owned bank that lends to state infrastructure projects, is establishing a US$l billion (SSI.4 billion), two-part commercial paper programme with Merrill Lynch and SBC Warburg arranging the financing. The programme will involve US$5OO million of
        Bloomberg Business News  -  262 words
      • Article
        Lock icon Wisconsin acts to rein in derivatives
        352 18 Bloomberg Business News MADISON, Wisconsin Wisconsin lawmakers have proposed a crackdown on derivatives investments by the US$3B billion (Sss4 billion) State of Wisconsin Investment Board. The board lost as much as US$l6O million on risky derivatives bets earlier this year in two funds that
        Bloomberg Business News  -  352 words
      • Article
        Lock icon Gas oil futures weaker in line with crude losses
        259 18 ENERGY REPORT -A, ,A > J5 _A* Knight-Ridder LONDON Gas oil futures erased earlier gains yesterday, tagging losses by crude futures. Sep gas oil settled at U*****.25 per tonne, down 25 cents from Tuesday. Total volume was 17,483 lots. Brent opened
        Knight-Ridder  -  259 words
      • Article
        Lock icon LONDON
        190 18 Bloomberg Business News LONDON The dollar rose against other major currencies amid speculation the world's major central banks could launch a coordinated bid to drive it higher. The dollar rose more than one per cent against the deutsche mark, the yen and the Swiss franc after the Bank of
        Bloomberg Business News  -  190 words
      • Article
        Lock icon NEW YORK
        93 18 AFP NEW YORK The dollar moved higher against major currencies cany yesterday in quiet trading following interventions by the Bank of Japan, and cashing in on an easing German mark after the German repo rate drop. At 1410 GMT, the dollar was trading at 1.4760 German marks from
        AFP  -  93 words
      • Article, Illustration
        Untitled
        1234 18 I radr-unghml index iwlmln* atoms' ypves lap 14 rraUmn pamtery Base \rmr 11*1 US$/S$ forward rates Noon Sep 6 BM OOtr 1-moMh 1.421* 1.4234 2-OMMth 1.418} 1.4200 3-ottath I.4IM 1.4169 6-raoMh 1.4037 1.4077 Source: OCBC FOREIGN CURRENCY NOTE RATES As at Im «kp<: Siinport Man to Me ask of vordfi
        1,234 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures lower on weaker yen
        1347 19 Reuter SINGAPORE Simex Euroyen futures ended lower following the weaker yen, while Eurodollars also eased on profit-taking. Dealers said Euroyen moved lower as the dollar rallied to above 99 yen as the Bank of Japan bought dollars aggressively yesterday in Tokyo. "Euroyen is just
        Reuter  -  1,347 words
      • Article
        China copper prices seen staying high
        80 19 HONGKONG China's domestic copper prices are expected to remain high in the second half or this year because of relatively high world prices and limits on new supplies coming into the market, the official Farmers' Daily newspaper reported yesterday. In Wednesday trading at the
        80 words
      • Article
        Low wool output in Aussie state
        91 19 SYDNEY If forecasted wool production in drought-affected Australian state of New South i? Wales in 1994-95 (July-June) of only 239.5 million j kilograms proves correct, it would mark the yield in 12 years, a state industry official said," yesterday. "This will be the smallest
        91 words
      • Article
        Keating opens Aussie mine
        62 19 SYDNEY Australian Prime Minister Paul Keating yesterday officially opened the McArthur River lead, zinc and silver mine in the Northern Territory, the mine's 70 per cent owner, MIM Holdings Ltd said. The project is expected to yield enough mixed intermediate concentrates to produce 160,000 tonnes of
        62 words
      • Article
        KL tin climbs in active trading
        669 19 commootty reports KL Tin Buying support led the price of tin on the Kuala Lumpur Tin Market (KLTM) to increase by 21 sen to MSI 5.75 per kg in active trading. Dealers said the higher close of USSI2I on the London Metal Exchange (LME)
        669 words
      • Article
        Japan cadmium price, imports soar
        76 19 TOKYO Rising demand and falling zinc pro- duct ion in Japan are forcing battery makers to rtf*,' increasingly on imports of cadmium, and domestic prices are rising as a result, traders say. Wholesale prices of cadmium to large customers in Japan ate'--now fetching around 490
        76 words
    • Article
      COMMODITY PRICES
      3661 19 SICOM Futures (Mm cMag at at 5.39m) m 1 C—tract (Scenu/kt) Close Volume Ooen Month High Low Sen (tonnes) Interest Oct 95 199.00 197.75 199.00 525 1700 Nov 197.50 1000 Dec 197.50 1225 Jan/Mar 96 196.50 195.50 195.50 225 3300 Apr/Jun 96 197.50 196.50 196.50 150 6900 Jul/Sep
      3,661 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1107 20 +24 Australian shares closed 1.1 per cent higher yesterday as leading stocks rode a wave of positive sentiment about US interest rates. "1 can only assume the comments over the weekend about possible lower interest rates in the US is what is pushing it," said Andrew Sekely, broker with
        1,107 words
      • Article
        Manila
        565 20 -25.76 Philippine share prices closed 0.9 per cent lower yesterday with investors recoiling from rising inflation. "With the strings of bad news that hounded the market recently, the consumer price index uptrend was the worst of them aft," analyst Jeremy Carlos of PNB Securities Inc. The Philippine Stock Exchange
        565 words
      • Article
        Seoul
        403 20 -hi 5.56 South Korean stock prices jumped 16 per cent yesterday, as rosy prospects for the postThanksgiving holiday market stirred up overall buying interes. "The market regained an upbeat momentum thanks to reconfirmed confidence that the bourse would be bullish aAer the Thanksgiving holidays," said Lee Sang Mook with
        403 words
      • Article
        Taipei
        571 20 +146.55 Taiwan share prices finished 3 per cent higher on active trading yesterday, propelled by handsome gains by constructions issues. "The central bank's moves to ease a ban on using undeveloped urban land as collateral for loans and inject more capital into the money market helped sustain bullish sentiment,"
        571 words
      • Article
        New Zealand
        281 20 +IMO Stocks rose, led by forestry and energy group Fletcher Challenge Ltd, as a surge in US paper stocks boosted foresters here, traders said. They said Telecom Corp of New Zealand also pushed the New Zealand Top 40 Index higher after the company said it had reached agreement
        281 words
      • Article
        Bombay
        77 20 +10.41 Share prices shrugged off lethargy to rebound from a shaky morning session on the Bombay Stock Exchange (BSE) after the government said it was considering plans to resume carry forward trading, brokers said. The 30-share BSE Index, heavily weighted with forward group shares, jumped 10.41 points to a
        77 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        672 20 Brttimii Funds Stcriiag Cask BM Offer Mm Cap Depot* 31 *400 3**500 Mm ieraev C* .0.111) 0 199? Mm Max laconic *0.9100 *0 9500 USt Cask Income PHis Faad ****** *10 3300 PS S Rererve Faad *5 5500 *5 5*00 r ■■■la. BMH Ifln Euro IVnormance .0.4592 0 4931 Far
        672 words
      • Article
        London
        726 20 +25.30 The UK's leading stock index closed at a record high as a strong dollar and hopes for lower UK interest rates bolstered investor confidence. Healthy earnings from RTZ Corp pic, the world's largest mining company, as well as expectations of a strong interim report from Glaxo Wellcome pic
        726 words
      • Article
        Paris
        130 20 -0.93 pc The bourse put an end to a two-session rally with a sudden plunge yesterday, in sharp contrast to the London and Frankfurt markets. The CAC-40 Index was up a strong 0.47 per cent at the opening, but quickly veered into the red to Finish the dav at
        130 words
      • Article
        Frankfurt
        189 20 12.29 German shares ended bourse trade higher but off session highs after failing to break all-time record him of 2,284.56. But the DAX Index reached a new year's high at 2,281.95. Shares were underpinned by firmer dollar. German GDP data showing HI rise of 2.6 per cent was supportive
        189 words
      • Article
        Brussels
        157 20 +2.88 Belgian stocks rose, led by chemical company UCB, as the central bank mirrored yesterday's Bundesbank move by cutting its chief interest rates. The rise was clipped, though, by yesterday's close of the 15-day stock exchange account. That forces some traders to sell shares to finance the cost of
        157 words
      • Article
        Milan
        120 20 +0.72pc Italian shares ended just under one per cent higher after full day of news and movement, with domestic politics and Gemina merger playing weighty role, traders said. The bluechip Mib-30 Index was up 0.82 at 1,5236 while the Mibtel Index closed 0.72 per cent up at 1,0290. Turnover
        120 words
      • Article
        Amsterdam
        211 20 +2.94 Dutch shares finished at a new record closing high, as a stronger dollar helped push up multinational stocks. But the market ended below the day's peak. The AEX Index gained 2.94 points to finish at 468.23, down from an earlier high of 469.22, but smartly above Tuesday's record
        211 words
      • Article
        Stockholm
        105 20 +1.27pc Sweden's OMX Index of shares rose 1.27 per cent, the best in Western Europe and its third gain this week. Drug maker Astra AB and car maker Volvo pulled the index higher. The Swedish share index has risen 5 per cent in the past month, trailing only the
        105 words
      • Article
        Zurich
        233 20 +28.5 Swiss shares closed firmer, slipping just under 3,000 Kints on the SMI Index in e trade after hovering above this psychologically important mark around midsession. Volumes were very high, dealers said, noting that more potential lies ahead. Th blue-chip SMI Index advanced 28.5 points, or 0.96 per cent,
        233 words
      • Article
        Johannesburg
        313 20 +22.6 South African shares closed firmer after a busier afternoon session which dealers said was a largely driven by futures related buying as the Sep 15 equity index futures close-out loomed. The Overall Index was 26.7 points up at 5,546.7, the Industrial Index put on 22.6 points to 6,951.8
        313 words
      • Article
        Toronto
        312 20 +7.0 Stocks rose early along with a buoyant Wall Street market, with traders forecasting further gains led by surging metal shares. The TSE 300 Composite Index climbed 7.0 points to 4567J0 on volume of 11.98 million shares valued at CslB3 million. Advancing stocks outnumbered decliners 186 to 163, with
        312 words
      • Article
        New York
        759 20 +8.80 Stock prices moved slightly higher in moderate trading early yesterday on the New York Stock Exchange boosted by strength in airlines and nigh tech stocks. The blue-chip Dow Jones Industrial Average, which jumped 22.54 points on Tuesday, was ahead another 8.80 points to 4,678.88 at 11 am
        759 words
    • Article, Illustration
      Lock icon HONGKONG
      2498 21 AFX-Asia HONGKONG Share E rices closed lower on eavy Japanese selling which emerged at the start of the afternoon session, dealers said. The Hang Seng Index closed 28.23 points lower at 9,194.68. Turnover totalled HKS2.B6 billion. The index reached a high of 9,275.04 and a low of 9,170.21. The
      AFX-Asia; Source: Bridge Info  -  2,498 words
    • Article, Illustration
      Lock icon CHINA
      560 21 CLSA THE Hongkong H market continued its rebound yesterday, rising 1.2 per cent on turnover of US$l5.l million. There was active trading in Yizheng, Hai Xing Shipping, Shanghai Petrochem and Maanshan Steel. The CLSA Shanghai B Index put on 2.17 per cent on turnover of US$2.B million. The index
      CLSA  -  560 words
    • Article, Illustration
      Lock icon TOKYO
      2442 21 Bloomberg Business News TOKYO Stocks fell amid concerns that Japan's financial crisis two banks failed last week would spread. i Electronics shares rose on the expectation that they will benefit from a stronger dollar and growing global demand for computers, traders said. "We continue to see positive news surrounding
      Bloomberg Business News; Source: Bridge Info  -  2,442 words
    • Article, Illustration
      Lock icon BANGKOK
      1444 21 AFP BANGKOK Thai shares slid 0.2 per cent yesterday in continued thin trading as investors waited on the sidelines for something to spur the beleaguered bourse, brokers said. "It is difficult for the SET to bounce back as long as investors are not fully confident in the market," said
      AFP; Source: Bridge Info  -  1,444 words
    • Article, Illustration
      Lock icon JAKARTA
      1159 21 AFX-Asia JAKARTA Share prices closed lower in thin volume on profit-taking by local speculators seeking funds for forthcoming IPOs and with foreign investors sidelined on a lack of fresh leads, dealer said. Sentiment was also weakened by poor balance of trade figures but dealers said their full impact may
      AFX-Asia; Source: Bridge Info  -  1,159 words
    • Article
      CLOB INTERNATIONAL
      2342 22 Cr Gr Laa« V«l Day Lmt Qaate DK Dh YW fttt MC« Uith U. SMw Caw Safe (1M) Hfch Loo Bayer SHkr Or r/E S-U MALAYSIAN STOCKS 522° 404 73 406 400 404 <06 J.0 -2.9 12 414.3 127 77.5 m 5001 AMDB 50c 92.5 cd H 279
      2,342 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices end higher on selective stock buying
        6514 22 30 sen to M$ 17.60. AFX-Asia, Bloomberg Business News KUALA LUMPUR Shares prices closed higher yesterday as bargain hunters picked up selective stocks after losses earlier in the week. The K.LSE Composite Index closed 4.81 points higher at 992.15, up from an intraday
        30 sen to M$ 17.60. — AFX-Asia, Bloomberg Business News; Source: Bridge Info  -  6,514 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8257 23 1 MMNjOMP ~"TT Cf G» .\l Wi IW J—« Vol D.) UmQhK Dfr Dn VU Mrt Cap A.g Hfcfc Lm Slao Cmm Sale (DOOl lligk La» Batrr Seller Ow P/t Sail Price INDUSTRIAL AND COMMERCIAL 520 382 ml 1000 Acma 50c 492 -2 153 496 490 492 494 22.5 5
        8,257 words
      • Article, Illustration
        Lock icon Blue chips ignored, Sesdaq stocks keep falling
        1803 24  -  By R Sivanithy SINGAPORE The sell-off on Sesdaq continued into its fourth consecutive day yesterday, with prices falling as much as 16 per cent. Blue chips again attracted minimal interest, but Malaysian counters traded on Clob International ended firmer. The main talking point
        Charts by Reuter Info; Source: Bloomberg  -  1,803 words
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      421 15 NEWS VALUE Car agents slash prices, dear sleeks amid soft market (pg 1) Motor stocks are very much in the doldrums now. Still, expect further price weakness. Ilaflq JumaMiey no laager MD, CEO, says Scotts HWgs ejg I) News the stock can do without: the share price as been easing
      421 words
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      476 16 8 Exciting Events No* To Be Miwd PLAN. CREATE. DEVELOP S MAINTAIN A WINNING AND POWERFUL I CORPORATE IMAGE POSITIONING Crucial strategies A techniques including: 0 Utilising Corporate Communications and Public Relations Techniques cMaol Publications to Buila a Strong Corporate Image I Creating and Developing Winning Corporate Identities Successful Ways
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      89 16 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Ilong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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      935 17 LUJj HTP HOLDINGS LIMITED (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEERNG NOTICE IS HEREBY GIVEN tod toe Amud General Meeflng d toe Company wft be held d Sheraton Towers Stogapore, Function RoomelA2,Lerel 2,30 Scottaßoed, Singapore22B23o, Fridey.29 September 1906 d 400 p.m. to traneect toe Idtowtngbuaineea: Aadiie—i
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      328 17 NOT I CES KiammßSim The Conference for Asian businesses that want to find out how to use the Internet to Increase their profits flMfjjjjA 30 Octoker 1 November 1995, Ike Shangri-la Hotel, Hundreds of thousands of companies are This event includes a full-day Internet already 'open for business' on the
      328 words
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      320 17 IN THE MATTER OF THE COMPANIES ACT CAP. SO. AND IN THE MATTES OF RED ISLAND HOLDINGS SINGAPOBE PTE LTD ffelMaaery MpiMidi^ NOTICE'S HEREBY 7 HVEN tMM cndMon oT dM above being veteetarfly weead ap m* readied oa or before Mi dqr ofOcaobe*, WBJle saM Mir aaaw aad eddmaee aad
      320 words
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      280 17 THE COMPANIES ACT, CAP. 58 DUBLIN DEVELOPMENT PTE LTD (la Masters' Vatoatary Wiadiag-Up) NOTICE IS HEREBY GIVEN pursuant to Sectioa 301 (2) of the Campaaies Art, Cap. 50 that the Final Meetiag of the members of the aboveaamed Company will be held at 10 Aasoa Road 016-22 laternatioaal Plaza gjfpwOTOT
      280 words
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      165 18 H I HSBC FUTURES I I (SINGAPORE) PTE LTD I is set to move into new expanded premises in Hongkongßank m Building at Collyer Quay. I By I The move will take place over the weekend of 9th and 10th I m.r > H September to minimise disruption to its
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      11 18 To cqklc (he yfe or 1900-911-0003, at 50 cents a minute.
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      38 19 .PROPERTY INVESTMENT jj fgg 'w > >V« '^i^O#. I <fc%A ,r vw r>, JU-" 5 '-,%< i*,* ,a feV-'r, S> A- < Wwm*m- ,>4 mt% .v? 4 at 30 cents I-.**Z *r <>> rw~ -.V<,'' 4% i 1 J'VZ a minute. 4
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      21 19 •As and when the latest London/ 4 Rotterdam prices are not avaikaMe, the previous trading day's closing figures are carried Utttead.
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      116 21 ADVERTISEMENT I Over 30 years of experience has led Hk|| Svenson to the Single Hair System Svenson has helped thousands of people counteract hair and scalp problems with their B unique formulations based on research from leading institutions the wold over. With years of technological development the Single Hair System
      116 words
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      57 22 KSINOAPORI THE HOUR GLASS Tokashiraaya Shopping Centre Tel. *****20 Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepolnt Tel. *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel. *****41* World Trode Centre Tel. *****61 Chcrngi Airport Terminal 1 (West Wing) Tel. *****60 Termlnd 2 (South Wing) Tel. *****61 MALAYSIA THE HOUR GLASS
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      8 24 ,l!r ttQj|ssivl Multimedia "v PC makes learning fun.
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      Page 24 Advertisements Column 2
      66 24 Singapore Closing Share Pricss 06/09/1996 CUM MWV LOW MMM UN UN IM UK lwr Jwaill »111 l 7.40 7.40 7-40 Tao PfiSai Jw—l n«H|H IM 3.00 tM 1.10 LXfiKJ a*nr*«n» oas oa» oam eaM SBSSB N«i|fc»i lm« i.m i.m iao ia» rmi'UMM ■mmnohmm o.ms oaat oas oaoo Jiaiw Wwiwll oa
      66 words
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  • ShippingTimes
    • Article
      Lock icon DAILY FREIGHT
      493 25 Knight Ridder Reuter ATLANTIC Pa nam ax talk focused on activity onthe key US Gulf-Japan grain run, brokers said. PANAMAXES: Rates had slipped for early tonnage in the US Gulf, but reports circulated here of MSK booking a Sep 10-20, 52,000-long ton soybean cargo from the US Gulf
      Knight Ridder; Reuter  -  493 words
    • Article
      Lock icon TMM and Kansas City Southern to form rail venture
      374 25 Bloomberg Business News MEXICO CITY Transportacion Maritima Mexican SA, Mexico's leading shipping company, said it will form a joint venture with Kansas City Southern Industries Inc to expand its railway presence in the US and Mexico. The agreement will strengthen Transportacion
      Bloomberg Business News  -  374 words
    • Article
      MARITIME STOCKS
      324 25 SES 000 Sep 6 S$ Vol CWT Distribution 1.59 +0.04 58 Chuan Hup Holdings 1.33 +0.02 256 Cosco Investment 2.18 +0.03 358 Far East Levmgston 6.25 +0.05 39 Freight Links Express.... 0.765 -0.045 389 GB Holdings Ltd 1.15 -0.02 175 Hai Sun Hup Group 0.94 -0.02 992 Hitachi
      324 words
    • Article
      OOCL sets up 14 customer service centres in US, Canada
      382 25  -  By Alec Almazan SINGAPORE Hongkongbased shipping group Orient Overseas Container Line Ltd (OOCL) is reorganising its North American operations with the setting up of 14 customer service centres in the US and Canada. The reorganisation, to be finalised in December,
      382 words
    • Article, Illustration
      Rotterdam plans LNG carrier facility
      382 25 ROTTERDAM A feasibility study is to be conducted by the Port of Rotterdam to examine building a 6 billion cu m a year LNG (liquefied natural gas) carrier reception and storage facility in the Botlek region of the port, where most of the chemical industry
      382 words
    • Article
      Call to remove tax on oil ship operations in Gulf of Thailand
      297 25 BANGKOK The Thai Shipowners and Agents Association has requested that the Ministry of Transport and Communications remove a tax on ships transporting fuel within the Gulf of Thailand. To promote the legal transport of petrol and reduce fuel
      297 words
    • Article
      Local drama on the high seas
      335 25  -  By Yong Mei Fong SINGAPORE It is just past mid-week and already the local shipping community has been hit by a sinking ship, an accident and a murder. The sinking ship, Singa-pore-registered Nagoya, is out in the South China Sea while the accident, involving
      335 words
    • Article
      Lock icon Stena-Sealink to expand operations
      226 25 AFP LONDON British ferry company Stena-Sealink, owned by Sweden's Stena Lines, announced on Tuesday a big programme of expansion in 1996 for its sailings, which it said will make it the largest surface operator on the Dover-Calais route. The company said it would add an extra
      AFP  -  226 words
    • Article
      Lock icon Cruise lines cater to latest niche market: nude vacationers
      603 25 AP WASHINGTON Cruise lines are always looking for groups to which they can market their ships and one group that has recently drawn attention is nude vacationers. That's not surprising, says Roslyn Scheer, executive director of the American Association for Nude
      AP  -  603 words
    • Article
      Lock icon 3 Indian firms to set up shipping venture
      87 25 Knight-Ridder BOMBAY Three major state-run steel companies will set up a shipping venture to handle their cargo, the Press Trust of India said recently. The three companies are the Steel Authority of India Ltd, which will own a 60 per cent stake
      Knight-Ridder  -  87 words
    • Article, Illustration
      Lock icon Water carriers: new trade to tap?
      1017 26  -  Ten Maersk ships are scheduled to carry water from Malaysia to the Middle East under an ambitious scheme. Andrew Gray considers the issue of carriage of water by sea Andrew Gray Lloyd's List •J A PROPOSAL by the Asian group m Milcon Gulf to
      Lloyd's List  -  1,017 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 26 Page •ANL 3 Abie 7 Accord 10 •Ahlcrs 6 •Ahrcnktd 4 •Appenship 4 Astro 10 Austral II 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 Ex 11
      325 words
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      THE SHIPPING GUIDE
      10628 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 nul the ETA at Singapore (bHowttdf by the ETA at the destination. The page number refers to the location of the schedule
      10,628 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        637 37 C ,MM< jg W» Berth kiM P^ytarf tartHg Part (ft) Rohan Jaya R9 Jl akx&jde 0709/0900 I J Batam Mam 09/02/95 J9 atongade 07.09/2300 r* Bmm Wah 15/95 12 atw«ade 0709/2300 Chyun SS01/95 J8 ab(&de 07.09/2100 i D»Ya Shut* J16/17 atw«sde 07.09/1800 I Francs Smcere No 6
        637 words
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        CONTAINER SCHEDULES
        1676 37 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Rtcwd Baokta/Balanct Mb a* *ty Hi EM>/Btr M* Fru T> Fr— Aa CkMr 0048 09/0700 1A 06/1500 06/1659 06/1900 IB 06/1500 06/1669 06/1900 2ft 06/1/00 07/0659 07/0900 28 06/1700 07/0669 07/0900 3 07/0700 07/1159 07/1400 4 07/1200 07/1469 07/1700 Aa
        1,676 words
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        COCKETT BUNKER MARKET REPORT
        763 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
        763 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Lufthansa Cargo to raise 100m marks for investment
        529 38 Reuter FRANKFURT Lufthansa Cargo AG (LCAG) said it will need to raise up to 100 million Deutschemarks (Ss97 million) to finance major investment plans over the next few years. LCAG chairman Wilhelm Althen said this could include a partial stock market flotation
        Reuter  -  529 words
      • Article
        Lock icon Search for regional partners intensifies
        338 38 Reuter FRANKFURT Lufthansa Cargo AG (LCAG) said it is stepping up its search for local partners in fast-growing but strongly-regulated world markets. LCAG, the autonomous cargo division of Deutsche Lufthansa AG, is observing China with particular interest, ..chairman Wilhelm Althen said Tuesday. airline needs partners
        Reuter  -  338 words
      • Article, Illustration
        Big enough for any cargo
        99 38 SINGAPORE Air Foyle/Antooov s ANI24-100 freighters have such cavernous cargo cabins that a recent order of a submersible welding habitat, raeasimng 4x4x3.9 metres, posed no problem. The 18-tonne load was part of an urgently required oil pipeline repair u 1 atrhfted from Singapore to Port
        99 words
      • Article
        Lock icon Franco-M 'sian group wins airport deal
        215 38 Reuter PHNOM PENH Cambodia signed an agreement with a Franco-Malaysian consortium on Tuesday for a US$l2O million (SS 170.4 million) facelift of Phnom Penh's Pochentong Airport, including a new runway and passenger terminal. Ministry of Public Works and Transport Ing Kieth signed the accord
        Reuter  -  215 words
      • Article
        Lock icon Air France cancels Sydney flight
        187 38 Reuter CANBERRA Air France said it had cancelled one of its flights due to arrive in Sydney yesterday after Australian airport workers imposed a 24hour ban on servicing Air France flights in protest against the resumption of French nuclear testing. t "They've just cancelled the
        Reuter  -  187 words
      • Article
        Lock icon Mitsubishi expects better profit
        146 38 AFP TOKYO Major Japanese car maker Mitsubishi Motors Corp yesterday said it expected higher pre-tax profit for the year to March 1996 than the 50 billion yen (***** million) forecast. The company declined, however, to comment on a Nihon Keizai Shimbun report that the parent group's
        AFP  -  146 words
      • Article
        Lock icon EVA Air to order up to 12 MD-90s from McDonnell
        307 38 AP LOS ANGELES McDonnell Douglas Corp said on Tuesday that the Taiwanese airline EVA Air agreed to buy up to 12 of McDonnell's new Ml>9o narrow body jetliners in a deal that could be valued at more than US$35O million
        AP  -  307 words
      • Article
        Lock icon EVA chairman resigns
        88 38 Reuter TAIPEI Chang Yung-fa has resigned as chairman of Taiwan's EVA Airways but will retain his position as president of the giant Evergreen group. EVA said in a statement on Tuesday current EVA president Hsu Jui-yuan will take over as chairman and Huang Jen-tsung, current president of
        Reuter  -  88 words
      • Article
        TWA reports second-quarter profits
        84 38 SINGAPORE For the first time since 1990, Trans World Airlines (TWA) reported second-quarter profits of U5554.4 million (5577.2 million) in operating income and US$5.2 million in net income. In the same period last year, the St Louis-based airline made an operating loss of US$lB.6 million and
        84 words
      • Article
        TNT billing system among the best
        107 38 SINGAPORE TNT has upgraded its billings system with a new system which was a finalist in the billing category of the prestigious Reach awards. The technology called Business Data Capture (BDQ was ranked with the financial control systems of such companies as Pepsi, Nynex,
        107 words
      • Article
        Lock icon Finnair, Delta discuss tie-up
        72 38 Reuter HELSINKI Finnish flag carrier Finnair Oy said it and US Delta AirLines had held talks on operational cooperation but nothing had been decided. "We have had some preliminary taik< on possible cooperation with Delta Air Lines but nothing is finalised or signed yet," a Finnair
        Reuter  -  72 words
      • Article
        Lock icon IHI, US firm set up joint venture
        89 38 Reuter TOKYO Heavy Industries Co Ltd (IHI) and Bo rg-Warner Automotive Inc of the US have set up a joint venture in Italy to assemble turbochargers for cars, IHI said in a statement yesterday. Warner-Ishi Europe SpA, equally owned by the two firms,
        Reuter  -  89 words
      • Article
        Lock icon Alitalia denies pay accord
        71 38 Bloomberg Business News MILAN Italian national airline Alitalia SpA denied it has agreed to pay increases for its pilots. Press reports, quoting-union leaders, said Alitalia had agreed to give its pilots payincreasesjtf 28 million lire (5524,850), starting next year, if they sign 1 contract that calls
        Bloomberg Business News  -  71 words
      • Article
        Emirates allowed to fly to Australia
        196 38 SINGAPORE Emirates, the international airline of the United Arab Emirates, will be able to fly between Dubai and Australia under an agreement to be concluded between the UAE and Australian governments. Emirates hopes for as many as three flights a week. Its destinations Down
        196 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1480 38 AIRCRAFT ARRIVALS DEPARTURES «Sf w in nm n» Ml BMW OK 156 1735 GA984 0310 SQ442 2000 0X157 2020 ktGMl SO227 2030 RJ182 1440 RJ183 2225 Mria KL83I 0925 KL832 2300 GA893 0955 SQ328 2365 SQ323 1588 I f NZ02I 1820 NZ022 1940 S0288 2050 S028S 2045 IMh|M BUI9 0900
        1,480 words
  • Page 25 Advertisements
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      33 25 VISA FREIGHT SERVICES PTE LTD i /r" Jirw THE TOTAL TRANSPORTATION PEOPLE *****-225 6966 Water carriers: new trade to tap?: Page 2 Lufthansa Cargo to raise 100 m marks for investment: Back Page
      33 words
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      Page 25 Advertisements Column 2
      95 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Pfl 3 for schedule H IIM« M I H We are part of the largest privately owned shipbroking H company in the world and we have the following openings H to join our successful team. H I 1. Experienced Tanker
      95 words
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      1051 26 I I OTHfffi DB&TtNATIONSI I WOW WttGA 1 55E55 mSS "iuT mmm m/w mm wm w/w 55 w/w w/w iomuc w/n b/w M/w m/w U7w" M/ii Wi 1 qumEmm n ii/w h/h iw i3w J mmm bm v/w w/w ii/w w/w w/w w/w ii/w u/w w* mhww |Slw/w n/w «/ii
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      208 26 Untt and itnicti npumtid by Mtwbwi of Km Registry at Atcnfllid [tfSi'l Shipping Agents, Singapore Mitkxtil Ivliiiv/ SNooina AmiciitfOft tor tOvertnint enquiries, SftUM Tines. fat 7#o-2089 >r». PORT SHOTS* •vw I The latest in sea, air v* and land transportation i J Shipping Times Monday to Friday A# Business Times
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      2779 27 0:u«j FHQRC SOUTH WIST EXFRBS (DUCT) Ivesa vw aim mm m lon I |■I <» mdm I im: wot 1 mmwm wa m/m "w/w~'Hm'~%jm~ v/m a/w a/w m/m m/m li7w~w7w~ immmn ma »7wr li7w~ "w7fT "WML «/w "wMI IT/ir ~wST ItTiT —thmmomw a* a/w wm w/w w/n n/w ivw ii/w
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      716 28 7 ui 1 WA v^WV« A I■ 1 I Bvl E. w M iVA T Mw fT#M^—i—mm—^—^^—W t f ————I —i msa nr ma raw w im sm tjbak sm meg uo no or hk Imc I Mi 'wirnq ict m i* wr~iririr -mam 11/433 «T it/i in w» a/i
      716 words
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      Page 28 Advertisements Column 2
      1094 28 I NORASIA VOY M AI4I lAS ®CL VAL NAM BM not ANT MOAASM HONBKON6 HT74 M Wl Wl <VM Wl IVN w 17fl« 1M« Ml mmmmmm MM n/a 17/ a am am nm nm »w 2/w m! mm mm a. motivator HM MM avn 2VN Wia am »N ana ana
      1,094 words
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      Page 28 Advertisements Column 3
      521 28 JAPAN/HONQKONQ/STVtAfTS RKOULAN SERVICE LOADING FOR PORT KLANQ/PENANQ VOT rfOK p.quoam na 175 1T"m»~ 11 tg I- WW UK I t Ugf aw liMKwmuaiw i ii«g I 14» |w»g MITTAAMRJA 1 It MP I li>g It>g PMAB6A t« gg MBTA BMMUK 4 Mg W» gg| j u»g iiwr ag i t7»
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      1208 29 pw STRAITS SHIPPING PTE LTD P MBV JBW 10 Hat CfciM| Rood #11-01 Ktppol Ttwtr* ■KJIH Sl«|«port 0200 T«l: *****10 he *****17 ACCOTS Sußy OOMCO Of CHINA NAVIGATION CO) CARGO CHJf M :HBr CJUHH HNK Maara, Lap, KX tan MSap r rnwTSHOK mm Mm mli* r-Miw hsm usaa »»ia. cophm—
      1,208 words
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      Page 29 Advertisements Column 2
      1518 29 B&O Contflincrs (Singapore Ageodet) Pte Ltd First Class Connections WORLDWIDE cn isn |j __»»«> MKMIT „.„i SSs&lmaersk STo mm 2 SSI* 0 52U sf£ MM. vov 2MB mot not ham -am £3 S3 f"* SSSSSSSR £2*"*- !S2 ,MIB ?S 2m 33 £3 EONBUWH MAERBK 9610 06A* 08AM 11AM 30/08 01/10
      1,518 words
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      Page 29 Advertisements Column 3
      342 29 mmtrm 'ir w~w issr *a |ww I —mm —~~sm~ am tail IS I wHwmwm aw um km imow nw |an I nw~ "aw" ~n7w" "mm TmT ~4t mmmmma nm urn am n-ttm am |aa |mm am mm ovw am am »Mwawß aw aw nam vm (aw »vw ana ww am
      342 words
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      1135 30 hm W i gpj H I B I 1 fMIJ J I mmm 1 M> I 1 HH k BI■IJ I I a ran MMMMNMTNPLNV UN W IW MR M M W I E. ROYAL RW-SH U IM SM 1/1« VII VII E BAROEN REM! 144 IM 1M 17* 1M
      1,135 words
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      Page 30 Advertisements Column 2
      541 30 w "5? 33 s S n HM-aaw MM MM M Ml na M M MMB4W SjH C/ 11 IVI wni LTI gg rr mhim 3MI IV* WW iSt! !E! W7-HM mm WN WM tvw IVM nrS WMtUTOMM.MMMI.jaaMJMMM.MMC«MM«IMg L jWMMIMMM^MIM» > IS l if sr sb sr~" 555 mi tyn wi
      541 words
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      Page 30 Advertisements Column 3
      404 30 UTEL *****33 (12 UNO) FAX: *****16/*****03 RJI Taa« ***** MBMP PUM) CH NO; **********0E ACCEPTiNGFC AND CONVENTIONAL I toy ST II 852 41WW 17/10 MM 40WB Mm »«owjbM»DP>y 0— Ibwwuw| FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH FCL/LCL ALSO ISOISOC tXPOST TOrMAUSmUt AND IAJMKHmi Af*fCA FO«T» (41»A« |jisu|pllh#w*a rtt +mi
      404 words
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      1015 31 ni ltd Sar srdrrr 'z-xsrx, r SHsr avar*" aarss* ~~i 7 aKS s-sr-r 3^ Mo*Wmnm-x cotr/ui Mite** (Hi ton iho Hrmuii m th tr-umunn tu: n-iutin MMJHVRMa«anw So# Sno iario SRo io« 20S mw km I Ira !m [Sat ""'/on?" "aw sew £w I ami STOCNGWVCTOOW* ISW 17/10 2QHO 22m
      1,015 words
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      Page 31 Advertisements Column 2
      547 31 HEUNG-A SHIPPING (KOREAN FLAG) TffISSST"— STOHMMS: IW MOTV HBM6-A (S'POki) ni LTD STUATTS TRANSTOtTATION Pit LTD •OOOW KL JWiltt FAX: 524-Z3M nt 1H: IS-MM9H/7W7 ML OS-MM4M liam mm I (H JHWGNAMA LINE I in w m MMSIW 11/» IVH 14/W IS/M M/W »/M MsnoisiM is/w i//w n/tt n/m m/w m/i*
      547 words
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      Page 31 Advertisements Column 3
      482 31 (ft FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) I T 1 WEEKLY SAILING TO ALL ;j AUSTRALIAN PORTS l 4 N FOR MORE KEN SIM IVERON ONG I t i TEL 2 2 4 1 8 3 3 *1 P KLANG PH: 0200/*****02
      482 words
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      1063 34 VgSBgL I VOY I «N I JKT I I VESSEL VOY MN I WW |^B IVHML TvOY MH BKK 0000 1 Fri I (MAW Ty I 12AM OUHU BHUM SI3SH 1»M IM W I "i|^[B fimt YANTWA BHUAM Thu MPt JBflß. m 1 «g Mo. llg y NANTA Him MIM
      1,063 words
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      Page 34 Advertisements Column 2
      666 34 I 79 ANSON ROAD, #21-01, SINGAPORE 0207 CR **********0N »T»AIT» WUTTLI MWWCT > 1 Mag I MM I wn. vo>a |wr m m 100 A 07Q9THU QOO9SAT DRAGQWWAS SOW 00Q9SAT 1106 MOW <aw 07AWTHU warn XQURSPQRE ASOTI IQOBSUN I2QBTU; ***** OMBFW 1009 SUN LHOTSE 5053 11Q9M0W 1309HED 421W 1009 SUN
      666 words
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      Page 35 Advertisements Column 1
      622 35 B, bßa rr smm MYANMA r \SBBk FIVE STAR UNE J" PyMMr Win—l UM) Lnfc| for T-|h (Im9*m) vissa nr no km pgu r Hi M/M f NFA-AN 213W IS/M HAUTSU AfiERTS: HKIUI SMPPM MBKKS a 1H IMS-MI 7310 KL TR 02-03-37M101 rot m h-00-mimoi rm m m-omsiimi/4 NIGERIAN NATIONAL
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      Page 35 Advertisements Column 2
      894 35 ADVANCE CONTAINER UNE3 (PTE) LTD ———API 140 Oacfl Straat, #12-00, PN. BufcM*®. Slngtpom 0101 ZZZZMv L. TEL: 2212*21, FAX *****19, TELEX R8 ***** ACLPt. ™^OP *****N*****E r— laEamta I—L m Ml am vtaaai w aw jkt I aw SfcXS -SSr !%5 S? iy/w mi bsil.-ast-H—», m y*** ,VW W ,f/W
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      Page 35 Advertisements Column 3
      730 35 ißwam ICR NO **********0Z IVCMB-B w m i£nt*rm lIAMBUWO nw«caroHT ROTTERDAM WINW V] V«_L£DCVELA VK3W 12A» OVIO 08/W C 7/10 OVK <WlO VB-LEOgCAf»B-LA TIIW 18W8 WW 11/10 IVIO Wfl H/W VLLEOCUBRA LIIW 28*08 17/10 18/10 20/10 21/10 23/10 MLLE DC NORMA NIIW OVIO 34/10 28/10 27/10 2*lo SWO ALSO ACCEPTMQ
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      Page 35 Advertisements Column 4
      31 35 LJgy Rare s&j Si mm mm tm li/t m/» MI SUM 11 A 1175 IS/V H/» MM MM tm It/I tl/l MlflMMtl AIMS H/» f%iwiiwOriil»T ofcWwlGc my jjjjjiULLiL iis ?TnF^ W-*tyL&.-cv>o«L
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      Page 36 Advertisements Column 1
      652 36 wMUBU^^^Em M AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqhanin) ■W«XHWU C.1.5./RUSSIA: Alma Ata. Ashkhabad, Baku, Dushanbe, I uiu»7ar A Ifcmch Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, hlfcmmlll llmSmrrxwrtow Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Mongolia; Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALSO
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      Page 36 Advertisements Column 2
      597 36 J BAMOKDICW2BMIB7 SSI^vSflll)»5lo POLMMBDIW BAMXJNftm«nni [ASIA HKG/TWW/BKK GENOA/EUROPE PEN PKL SIN DAILY RECEIVING M «q 6/9 7/9 a*9 HKG/BKK/KEE/KHH SJSr "olmAJtlo aj 10/9 11/9 12/9 HKG/BKK/KEE/KHH «h uvo ul ,o« I*9 I*9 17/9 7/9 RECEMN6TO; JPN/KOREA/MANILA I 6/9 7/9 8/9 SHANGHAI/DALIAN XIAMEN/BEUING Manlla/Cobu 7/9 a/9 Tokya/Ott/Yoko icj/9 11/9 12/9 AUSTRALWNEWZEALANO
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      Page 36 Advertisements Column 3
      251 36 SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS VESSa KK SM P« PI DON CT AUUI 20/09 30/09 01/10 14/10 20/10 27/10 UNTEDVI23 Also calls E.L P.E. MALAYSIA AGENTS: PORTKHANG TG.MAM IB: SUOMI T&34S2IS SIM AGENTS: KOTAHNAIALU UMNJ TIL *****7 TE:77St26 (FOREST PROOUCTS SERVICE) EUROPE SERVICE TAW SKN KKU ITU HANDY GUNNER
      251 words
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      105 37 REGIONAL WEATHER LEGfND: R Thundarstorm Tamporoturo c A v Show W~IU Wind rfraction with ip*«d In knots ••Ham U Cloudy Sky Wov Sorfoca wiadi ara iadkotarf by arrow* wfcicfc fly with Mm wiad OnafcJcirda raprosontscatm or M* and vortotola winds Ono half Hacha raprasants 5 knots L» Ono fvd «acha
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