The Business Times, 12 September 1995

Microfilm: NL20018
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times WE MITA(P) 194/12/94 Tuesday September 12 1995 Js*
    10 words
  • Article
    BOE denies Leeson's claims that it worsened losses
    739 1  -  Leeson says Bank of England's actions raised Baring's loss by £500 m From Neil Behrmann in LONDON THE Bank of England (BOE) has vigorously denied allegations by detained futures trader Nick Leeson that its "mishandling" of the Barings collapse increased the bank's
    739 words
  • Article
    Lock icon Dow up 18.85 points
    63 1 Reuter NEW YORK The stock market extended its broadbaaed advance yesterday in a follow through to Friday's rally. The Dow Jones Industrial Average rose 15.85 points to 4,716.57 just after at 2pm EDT. At 1 pm EDT, rises led falls slightly by a small margin on
    Reuter  -  63 words
  • Article
    Untitled
    147 1 STU 2,127.72 -1.63 KLSBComp 989.15 +6.30 Nikkei 18,486.11 +206.56 Hang Seng 9,438.95 +45.74 SE?Wx 1,285.82 +10.14 Jakarta Comp 485.44 -4.56 Manila Comp „...2,673.41 -14.83 Taipei WPI 5,063.82 -118.69 Seoul Comp 950.95 -2.86 ■ombey_BSE30 ..3,372.34 +6.09 CLSA China B .871.42 -0.20 Ami All Old 2,143.8 +4.4 FTSE 100 3,549.3 -5.2 SpESfSii^ralt
    147 words
  • Article
    KLSE outlines ways S'poreans can trade in scripless shares
    599 1  -  Fro* Ho Kay Tat in KUALA LUMPUR IT was "irrational" of Singapore investors to sell their Malaysian shares on account of scripless trading on the Kuala Lumpur Stock Exchange, the Central Depository System (CDS) said yesterday. CDS was responding to a
    599 words
  • Article
    Simex offer of seats brings tidy profits for some traders
    587 1  -  By Siow Li Sen SINGAPORE An offer of SO seats at $430,000 each by the Singapore International Monetary Exchange (Simex) in July turned out to be a windfall for some locals, that is, the individuals who trade for themselves. A
    587 words
  • Article
    Scotts says external audit showed no evidence of fraud in $15.5m India deal
    593 1  -  But report 'indicates some lapse in internal controls and procedures' By Catherine Ong SINGAPORE Scotts Holdings yesterday said a preliminary report by its external auditors Ernst Young "does not show any evidence of fraud by any of
    593 words
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      213 1 TIM W«ritf*a First Vibration v# MdMCttsw (VB) Sy*t»m For Nikon zoom 7oovr Zoom AF Compact Camera with 38-105 mm lens BEST BUY $599 Fr— §m wort* $129 (1 Nlfcaa larva nwM-faraaaa V 1 fea« worth $65.1 Nikon Kf M acjtaal casa wartfe >55) Nikoa Camera Centra Max Photo #03-10 Centrepoint
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      17 1 Property: Pg is Selling London apartments worldwide Bank Negara cancels sale of Ayer Molek stake, Pg 21
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      45 1 Hock Lack Siew: Pg 21 Second half a litmus test for Aokam Excerpts of David Frost's exclusive interview with Nick M|H Leeson from the Hoechst Prison in Frankfurt Is Paragon worth $700 m? Lee Han Shih suggests a parallel package The Property CohuniL, Pg 18
      45 words
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      86 1 The World's Smallest JSpr 35-70anm Zoom AF r Nikon zoom 3ioqd K Weighing a mere 200g with f sophisticated features in an L\ uttra compact 117x63x36mm body with Macro and Panorama BEST BUY $429 i* Fr—cas» wort* $40 Nikon Camera Centra Suoer Photo #03-26 Orchard Point Te1:737 4481/734 3816 honom
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Consumer confidence takes a knock
        327 2  -  By Shiv Taneja CONSUMER confidence seems to have dipped. Compared with six months ago, more than two-and-a-half times as many Singaporeans are pessimistic about the economy doing well in the second half of the year, according to a survey. The latest MasterCard International survey on
        Source: Mastercard Internatioanl  -  327 words
    • Article, Illustration
      Windmill looks at listing abroad to finance growth
      373 2  -  By William Chia SINGAPORE trading group Windmill International looks set to go places with former Inno-Pacific Holdings managing director Gopinath Pillai as chairman. Mr Pillai, who took the helm at Windmill in April after leaving Inno-Pac, is looking at a foreign or
      373 words
    • Article
      S'pore visitors to Asia-Pac seen growing 10-12%
      344 2  -  By Agnes Wee THE number of Singaporeans travelling to Asia-Pacific destinations grew an average of 9 per cent a year between 1990 and 1994, says a report by the Singapore Tourist Promotion Board. And this year, travel agents such as Choo Teck Long,
      344 words
    • Article
      Most HDB flats can receive Premiere 12
      408 2  -  By I Kevin Sullivan HOUSING and Development Board officials say there are only a few cases of HDB residents experiencing poor reception of the new sports and arts television channel Premiere 12. Picking up the UHF signal, however, remains a problem for non-HDB
      408 words
    • Article
      Korea bank subsidiary sets up shop in Singapore
      99 2 KEXIM International Singapore, a wholly owned subsidiary of The Export-Import Bank of Korea, has set up a merchant banking operation here. It will focus on providing syndicated loans, corporate finance and securities investment. Kexim said yesterday it chose Singapore because the country
      99 words
    • Article, Illustration
      Lock icon DBS Land sells 25% of Simsville within week of soft launch
      278 4  -  ■y Michelle Low DBS Land has sold almost 100 units of its Simsville project, about a week after its soft launch. Some 396 units, or three blocks of the 322-unit development were marketed, of which 25 per cent had
      Photo by Arthur Lee  -  278 words
    • Article
      Only modest gains seen for Asian stocks in 2nd half
      255 4  -  By Shiv Taneja ALTHOUGH global investment conditions are good, Asian equities are not expected to see "runaway growth" in the current half-year, says the head of regional equities at investment bank Deutsche Morgan Grenfell. Singapore-based Hung Quoc Tran said yesterday
      255 words
    • Article, Illustration
      Judges today have bigger managerial role, says former Aussie CJ
      403 4  -  By Ven Sreenivasan JUDGES presiding in today's courts have to play more of a managerial role than they did in the past, former chief justice of Australia Sir Anthony Mason said yesterday. Sir Anthony, who flew into Singapore on Sunday
      403 words
    • Article
      Matsushita affiliate to be Wuxi park's largest tenant
      237 4 AN affiliate of Japan's Matsushita has signed an agreement to take IS ha of prepared land in the Wuxi-Singapore Industrial Park, making it the largest tenant in the paik. Wuxi Matsushita Refrigeration, a joint venture between Matsushita Refrigeration Co and Little Swan
      237 words
    • Article
      Deregulation to hit, Pacific Basin insurance markets: Lloyd's List
      311 4 DEREGULATION will take place soon in the insurance markets in the Pacific Basin, predicts Lloyd's List, the Lon-don-based daily. Deregulation, in response to US pressure, will lead to relaxation of premium rates and market conditions, says the publication in a special
      311 words
    • Article
      Corrections and clarifications
      112 4 IN A report yesterday headlined "En bkx sales bring life to qaet residential market", Business Times said Thomson Garden mas close to an en bloc sale by tender. This is incorrect. The propvty involved is, in fact, Thomson Court. And in the story, "Land available for military
      112 words
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      98 2 If only the market was as predictable. Finest Sana IS AETTEVt Travel Agencies Must Grow to Survive Cover Story is Better: Travel Agencies Grow to 4teJ k iPflll Betting on Women's J$L Eternal Search for Beauty jf > JkLT lLjjj Business Opportunities Modern Day Headhunters <2^l* Personal Finance Putting Your
      98 words
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      63 2 SqX ob SB it <2 1 m Oj/tJ/uuLUxanoi/ 3 nAian/m g9| 3£Q£ULOAJ/ 3ruv H CtxcuTxatlc* f&oJi fcJLe/ OU 9llxijla/uLjxi/ H flEnj dilfuiAit fcice/arve* Jfv«4v xeiu/uv ta/ Ej aAy QAW ttCbCU\A/\ M Mn Xumi 12iuuuv 2.3opun. nW Qjfl 7pnv 10.30pnv Bcj I indoor I Qfl lFor J^fsecJl 735 *333 SB Park
      63 words
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      253 3 "WE CHOSE REPUBLIC PLAZA BECAUSE If IS AN EXPRESSION H OF SINGAPORE'S II mß»M§M£Hag iBPSS rVTTT T TCTVI/T £bL > -P tf \V v 111 mt Pi n H Ghillani, Senior Manager BANCA COMMERCIALE ITALIANA I I 'f 'f- The stunning Republic Plaza > v 9 1 Raffles Place the
      253 words
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      191 4 WORLD BUSINESS CLASS Northwest can save you up to 4hrs flying time to Detroit and beyond. A 4 A wS&w&Zz&gi Montreal Go on. Enjoy that time any way stop flights through Tokyo to Detroit. Cincinnati Washington That 4 via this efficient Lexington also translates into savings of 4hrs to Lexington/Kentucky,
      191 words
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      51 5 fl|^;'?" V K. ppr > b^ mn&skM jjrffll M ■pr Br Tke Relenll ess Pursuit of Perfection t BORNEO MOTORS (S) PTE LTD (AN INCHCAPE COMPANY) LEXUS DIVISION Ji/JJ LENG REE ROAD SINCAPORE 59 o »!.!tEL. 7495»88 FAX, 474 > 5 i OPEN EVERY SATURDAY AND SUNDAY FROM o AM
      51 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon M'sian banks urged to leave the nest and compete
      416 6 Reuter KUALA LUMPUR Malaysia warned local banks yesterday that it would gradually dismantle their "protective shield" and they must learn to Compete in the new era of globalised financial services. "Malaysia is obliged under jGats to open up its financial Snarkets
      Reuter  -  416 words
    • Article, Illustration
      Lock icon Manila, Hanoi take steps to cut traffic woes
      457 6 AP, Reuter MANILA Buses, trucks and passenger jeeps will be banned from Manila's streets once a week from next month to ease the Philippine capital's monstrous traffic jams, the city's chief traffic enforcer said yesterday. Police Senior Superintendent Romeo-Maganto said the city
      AP,; Reuter  -  457 words
    • Article
      Lock icon Thai govt won't give army any pretext for coup: Banharn
      321 6 Reuter BANGKOK Thai prime minister Banharn Silpa-archa said coups are obsolete and he is confident of the military's support amid a deepening rift between the armed forces and government, the Bangkok Post reported yesterday. Mr Banharn told the newspaper that
      Reuter  -  321 words
    • Article
      Lock icon Indon soothsayer jailed for blasphemy
      90 6 Reuter JAKARTA Indonesian soothsayer Permadi was jailed for seven months yesterday after being found guilty of insulting Islam and the Prophet Muhammad, a court official said. "He has received a seven month sentence, minus the time already spent in jail," the Sleman State Court registrar,
      Reuter  -  90 words
    • Article
      Lock icon Thai govt won't support ailing stock exchange
      100 6 Reuter BANGKOK Thai Finance Minister Surakiat Sathienthai said the government will not intervene to support the flagging Stock Exchange of Thailand. Mr Surakiat said the current bearish mood is also felt in the markets of Thailand's South-east Asian neighbours, and is partly due
      Reuter  -  100 words
    • Article
      Lock icon Thai prince killed by insecticide: police
      163 6 Reuter BANGKOK A wealthy prince closely related to Thailand's revered royal family died last month from insecticide poisoning, a senior police officer said yesterday. Prince Thitiphan Ukol, 60, was admitted to a Bangkok hospital in a coma on Aug 21, and died eight days
      Reuter  -  163 words
    • Article
      Lock icon US ennoy to UN urges all-Timorese talks
      215 6 AFP, Reuter JAKARTA Visiting US ambassador to the United Nations (UN) Madeleine Albright yesterday urged Jakarta to support local dialogue in the troubled former Portugese enclave "of East Timor. "Obviously this issue continues to be a concern to the United States," Ms Albright
      AFP,; Reuter  -  215 words
    • Article, Illustration
      Lock icon Philippines targeting for 2.85 trillion pesos in investments
      338 9 Reuter MANILA The Philippines has set a target of luring up to 2.85 trillion pesos (S$ 156.7 billion) in investments and creating 2.5 million jobs by 2000. Trade and Industry Secretary Rizalino Navarro said Manila also plans to boost exports to US$5O
      Reuter  -  338 words
    • Article
      Lock icon Indon foreign investment approvals up
      286 9 Reuter JAKARTA Foreign investment approvals in Indonesia in the first eight months and one week of this year soared to a record figure of US$3O.l billion (5542.6 billion) but economists said they were unlikely to translate into real economic activity for at least two years.
      Reuter  -  286 words
    • Article
      Lock icon Corruption threat to Indon unity: Muslim leader
      203 9 AFP JAKARTA Corruption is so ingrained in Indonesian culture that it could become a serious threat to national unity, a Muslim leader and a university head were quoted as saying yesterday. "Corruption in this country has already reached an alarming level. It is
      AFP  -  203 words
    • Article
      Lock icon S Korean firms may take over Viet refinery project
      305 9 Reuter HANOI South Korea's Lucky Goldstar (LG) and Hyundai groups are considering replacing France's Total SA in a controversial US$l.2 billion (Ssl.7 billion) project to build Vietnam's first oil refinery at a remote site in the country's central belt. "We have
      Reuter  -  305 words
    • Article
      Lock icon China, Philippines think-tanks to discuss new growth area
      208 9 AFP MANILA Private thinktanks from China and the Philippines will launch talks on expanding economic ties between the two countries, a director of the Philippine Institute of Strategic Studies (ISS) said yesterday. From November, the ISS and China's Academy of Social Sciences
      AFP  -  208 words
    • Article
      Lock icon Cambodia, Vietnam agree to open new border crossing
      212 9 Reuter PHNOM PENH A Cambodian ministerial team returned home from Vietnam on Sunday with an agreement to open a new border crossing for trade and to ease shipping movement along the Mekong River, says Commerce Minister Cham Prasidh. Foreign Minister Ung Huot
      Reuter  -  212 words
    • Article
      Lock icon Thai centre for agricultural goods
      94 9 Reuter BANGKOK Thailand plans to open a 10 billion baht (***** million) integrated market for agricultural goods late this year. "This market will be upgraded into the country's first future market for agricultural goods within five years," said Srithawat Ittiraviwongse, the managing director of Thai
      Reuter  -  94 words
    • Article
      Lock icon Japan to lend Thailand 61.7b yen
      72 9 AFP TOKYO Japan will extend official loans of up to 61.65 billion yen (SsBB6 million) to Thailand to help the country improve its infrastructure, the foreign ministry said yesterday. Thai Finance Minister Surakiart Sathirathai and Japanese Ambassador to Thailand Takeshi Onda exchanged documents concerning
      AFP  -  72 words
    • Article
      Lock icon Death toll in Thai floods hits 50
      64 9 AFP BANGKOK Flooding in Thailand has claimed 50 lives and cost the country almost US$6O million (SSB6 million) in damages since July, an anti-disaster agency said yesterday. High waters driven by monsoon rains have overflowed most river banks and inundated large areas of
      AFP  -  64 words
    • Article
      Lock icon Drinking, smoking on the rise: WHO
      54 9 Reuter MANILA Smoking and drinking were increasing throughout the western Pacific, partly because of rapid urbanisation, the World Health Organisation warned yesterday. It also said that while governments were winning the fight against vaccine-pre-ventable diseases such as polio and leprosy, tuberculosis had returned to
      Reuter  -  54 words
    • Article
      Lock icon Muslim states meet in KL on Bosnia
      43 9 Reuter KUALA LUMPUR Thirteen Muslim nations began a weeklong meeting in the Malaysian capital yesterday in an attempt to help bring peace to Bosnia as Nato aircraft continued to rain bombs on Serbian military positions. Reuter
      Reuter  -  43 words
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      534 6 N_o _T I C E S OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, KIMWELL ENTERPRISE PTE LTD of 20/22 Holland Grove Road, Singapore *****1, hereby give notine that in consequence of the purchase of the vessel "KUROSHIO MARU", we have applied to the Registrar of Singapore Ship* under
      534 words
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      295 6 PTE LTD An UashIMMI |bv ■wnotrv voiunvary Liquidation) (Incorporated in tM Republic of Singapore) NOTICE OF FINAL MEETMG NOTICE IS HEREBY GIVEN pursuant to Saction 308 of Via CompanlaeAct. Cip. 50. that Vie Final Meeting of membara of he ebowanamed Company wB be held fUGvI Street 1, Jurong, Singapore 2282
      295 words
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      512 6 OFFICIAL NOTICE We. NAVI MARINE SERVICES PTE LTD of 1 Maritime Square #09-62. World Trade Centre, Singapore *****3 hereby give notice that in consequence of change of ship's name, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) in respect
      512 words
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      151 6 (Incorporated In Rapubac of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Sactton 306 of tha CompanHa Act Cap. SO. that tha rtwi MNung of fnvnoGfi of vn abovanamadCompanywObahald al 4 Qui Sfraal 1, Jurong. Singapore 2282 on t» 13* day of dctobar IMS at 10.20 a.m.
      151 words
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      57 6 SELLING TO ONE CUSTOMS) IN DIFFERENT CURRENCIES. HOW TO MANAGE ACCOUNTS? With FACT, this is very simple. In the same Customer A/c, you may enter invoices, receipts, debit notes, etc. in US$, DM, Yen, S$ etc. No need to open different accounts for each currency, FACT Real-Time Business Accounting Software.
      57 words
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      249 7 To succeed in unfamiliar territory, you need someone with experience at your side Getting ahead nowadays often requires you to skilfully seek out of whatever situation arises. In the world of banking, this someone and seize opportunities wherever they may arise. More often than is Hongkongßank. We pride ourselves in
      249 words
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      87 8 I I ■fl 1 LI BHb i g mn n^m 3 k IMTOI T. m b Wk m B^^MHBHl^^^PyiwygwP' !^^w: y I J ®JJI j£B I mH I*j H fcfc 1 mm mib «i MPy»fF 1- -^mPi I na&Sflz&T s _^>88. ft* o BBH^bb^^ lilt challenges that lie ahead. /ax
      87 words
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      78 9 f \*'/M WPm^Ko^M^m (Wp even make your bottom jj^HHi Garuda Indonesia Executive Class. Direct from Singapore to 16 cities around the world. With time-saving city check-ins and convenient connections. i And, on board, a glimpse of paradise. niHHEfI Traditional Indonesian hospitality. idfl Internationally acclaimed wines. And fjj ■J' ?V. fr
      78 words
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  • CHINA/HONGKONG /TAIWAN
    • Article
      Lock icon China export slowdown continues
      95 10 AFP BEIJING China's export growth rate, which has been slowing since January, would continue to do so until the end of the year, Foreign Trade Minister Wu Yi said yesterday. The slowing of export growth was the result of rising production costs caused by the yuan's
      AFP  -  95 words
    • Article
      Lock icon China raps HK over dissident
      75 10 Bloomberg Business News HONGKONG China has criticised the Hongkong government for supporting Chinese dissident Han Dongfang's efforts to create trouble for mainland authorities in the territory, the Eastern Express reported yesterday. Zhang Junzheng, deputy director of China's acting diplomatic mission in Hongkong, the Xinhua News
      Bloomberg Business News  -  75 words
    • Article
      Lock icon Beijing party chief to face charges soon
      93 10 Bloomberg Business News HONGKONG China is about to file criminal charges against deposed Beijing Communist Party leader Chen Xitong, the Hongkong Standard reported yesterday. Chen, under investigation for corruption since Beijing vice-mayor Wang Baosen committed suicide under similar charges in April, was moved
      Bloomberg Business News  -  93 words
    • Article
      Lock icon Sotheby's to open office in Beijing
      100 10 Reuter HONGKONG Sotheby's yesterday said it planned to open an office in Beijing next year and was holding its first major exhibit of auction highlights in the Chinese capital this October. The office will be the company's second in China. It set up a
      Reuter  -  100 words
    • Article
      Lock icon Shenzhen paper attacks Jiang adviser over SEZs
      162 10 Bloomberg Business News HONGKONG The official publication of the Communist Party committee in Shenzhen has attacked a senior adviser of Chinese President Jiang Zemin for advocating an end to government policies favouring special economic zones like Shenzhen, according to the South China Morning
      Bloomberg Business News  -  162 words
    • Article
      Lock icon Business still flowing into HK despite high cost British Chamber
      282 10 Reuter HONGKONG Companies continue to flow into Hongkong to set up offices or regional headquarters here despite the high cost of labour and property, the British Chamber of Commerce said. William Courtauld, chairman of the chamber, told a media briefing
      Reuter  -  282 words
    • Article
      Lock icon China vice-premier warns US of trade obstacles
      233 10 Potential in trade yet to be fully tapped, he tells ex-president Bush AFP BEIJING Sino-US trade ties are showing an unsteady development that can only be smoothed with the removal of certain "obstacles", China's Vice-Premier in charge of foreign trade, Li Lanqing, was
      AFP  -  233 words
    • Article
      Lock icon China wants foreign brewers to join in beer boom
      256 10 AFP BEIJING China expects to make 20 million tonnes of beer by 2000 and it wants foreign brewers to join in the boom times, the state-run China Daily newspaper said. Production is running at 14 million tonnes, while the beer market
      AFP  -  256 words
    • Article, Illustration
      Lock icon Calling Switzerland from the Great Wall
      67 10 Reuter MUTIANYU, China Carmen Valero of Cordoba, Spain, making an international direct d«l (IDD) phone call to Geneva atop the Great Wall of China yesterday at Mutianyu. Thanks to a Chinese entrepreneur, tourists at the 500-year-old attraction can now pay US$l (551.43) for a
      Reuter  -  67 words
    • Article
      Lock icon Li Peng defends family planning policies against US attacks
      248 10 AFP BEIJING US standards cannot be applied to China's family planning policy, Premier Li Peng said yesterday, defending Beijing against recent attacks on human rights abuses resulting from its population control programme. In a meeting with former US president George Bush,
      AFP  -  248 words
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      106 10 SINGAPORE TO BANGKOK. FOUR TIMES DAILY. How's this for perfect timing. With four direct flights to Bangkok everyday, you can arrive at this vibrant capital without racing against the clock.Take ,p^ your pick, from our B:3oam, 12:55pm, 7:25pm and B:4opm flights. On board, you're assured of excellent service with a
      106 words
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  • ASIA
    • Article
      Lock icon Japanese economic slide continues apace: Economic Planning Agency
      539 11 Bloomberg Business News TOKYO Japan's economy is weakening as industrial production continues to decline and confidence among corporate managers worsens, the Economic Planning Agency said in its monthly report. "There are signs of further deterioration, but we don't think the economy is
      Bloomberg Business News  -  539 words
    • Article
      Lock icon Bigger private sector capital spending
      221 11 AFP TOKYO Japan's private sector capital spending is forecast to rise an estimated 4.2 per cent from a year earlier in the year to March 1996, up from an earlier forecast of 4 per cent, according to a survey published yesterday. The latest survey was
      AFP  -  221 words
    • Article
      Lock icon Dhaka devalues currency against US$
      159 11 AFP DHAKA Bangladesh, in a rare move, has devalued slightly its currency against the US dollar in a bid to adjust exchange rate fluctuations on the international foreign exchange market. A central Bangladesh Bank statement issued late on Sunday said the taka had been devalued
      AFP  -  159 words
    • Article
      Lock icon Impact of Japan's rate cut likely to be small: Fuji Research
      319 11 Reuter TOKYO Japan's cut in its key discount rate to a record low of 0.5 per cent is likely have only a marginally stimulative impact on the economy, says the chief economist at Fuji Research Institute, Masaru Takagi. Friday's
      Reuter  -  319 words
    • Article, Illustration
      Lock icon Safer nuke reactors for N Korea?
      53 11 AP KUALA LUMPUR Stephen Bosworth (left), executive director of the Korean Peninsula Development Organisation (Kedo), walking into talks with North Korea's Ambassador-at-large Ho Jong yesterday. The talks are about providing two light-water nuclear reactors to the North to replace its older, more dangerous, heavy
      AP  -  53 words
    • Article
      Lock icon A possible blueprint trade pact
      54 11 Reuter CANBERRA A free trade pact between Australia and New Zealand has produced major benefits for both countries and offered a possible blueprint for the Asia-Pacific Economic Co-op-eration's ambitious free trade agreement, an Australian study has found. The Closer Economic Relations agreement has lifted economic
      Reuter  -  54 words
    • Article
      Lock icon Seoul acts to contain cholera
      53 11 AP SEOUL The government yesterday quarantined several villages and ordered two primary schools to close indefinitely as cholera threatened to spread nationwide. Six more cases of the deadly, highly communicable disease were confirmed over the weekend, bringing to 25 the number of people known to
      AP  -  53 words
    • Article
      Lock icon NZ Reserve Bank chief firm on inflation target
      246 11 Bloomberg Business News CHRISTCHURCH The Reserve Bank of New Zealand governor, Don Brash, said it \wpuld be wrong for the nation to abandon its inflation target of between zero and 2 per cent and instead adopt a formula tied to the inflation
      Bloomberg Business News  -  246 words
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      142 11 HITACHI AND SINfifIPORE. IN CONCIirr. Moving in harmony with Singapore, Hitachi is pleased to present "Kitaro An Enchanted Evening" as part of the Hitachi Culture Special. Since 1963, Hitachi has played a part in the lives of Singaporeans. Now allow us the honour of playing in tune with Singapore in
      142 words
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      1127 12 I WHbKt TO WINE. PINE aWD ENTERTAIN W L WORLD S LARGEST SELLING BEER K wi&. -«<*K LUNCH OR DINNER, I FEAST ALL YOU I |CAN!| Thafs over 50 delightful J x dishes in all! Featuring the 5 "K, best talked about seafood <> and Cantonese cuisine. yl *3 All
      1,127 words
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      259 12 •y= I fancy Heijing? I Then, we're delighted to suggest the Tine Court for a memorable dining experience. Out lunch menu offers a variety of dian fin Beijing dumplings, a selection of set menus, and 'Beijing specialities HXTy such as 'Beijing 'Bailed Tench and Marinated Lamb, fancy some now? CHINESE
      259 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Emmy's double-whammy
      588 13  -  ER and Murphy Brown steal the show at TV's night of nights, writes Jerry Dubrowski Jerry Dubrowski Reuter American television's 47th annual Emmy Awards turned into a night for the record books on Sunday, with NBC's drama ER grabbing a recordtying eight awards while Candice Bergen won her
      Reuter; Photos by AFP & Reuter  -  588 words
    • Article
      Lock icon Cream of the crop
      292 13 AP Winners at the 47th Annual Primetime Emmy Awards in major categories presented Sunday night: Drama Series: NYPD Blue, ABC Comedy Series: Frosier, NBC M miseries: Joseph, TNT Television Movie: Indictment: The McMartin Trial, HBO Variety, Music or Comedy Special: Barbra Streisand: The Concert, HBO Variety,
      AP  -  292 words
    • Article, Illustration
      A timely tome
      428 13  -  Want to make the most efficient use of your day? Author Ray Josephs has plenty of tips, writes Corinne Kerk Corinne Kerk AMONG the news clippings from writer Ray Josephs this reviewer received was a note saying: ''Here are tips for advance review please copy what you
      428 words
    • Article, Illustration
      Lock icon What price stardom?
      281 13 UPI AP ITs often said that everyone has his price, but that may not mean what it seems when it comes to Hollywood deal-bro-kering. Michelle Pfeiffer is foregoing her usual US$6 million (SSB.S million) price to take a scant US$2OO,OOO for an upcoming project, while Tom Arnold
      UPI; AP  -  281 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1106 13 National Geographic Specials: Mle Kingdom Ult At Tlm Edge, 9pm, Pr—im 12 H like polar bears, Beluga whales, walruses and seals look for food. \'"^B Friad Graaa Tomatoes, 10pm, n :J Premiere 12 L., 1991 adaptation of Fannie Flagg's novel about the friend- ft, ships between two women. Kathv Bates
      1,106 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      250 14 Be Among The First At /II .UOV Till fl LPtlfl Singapore Science Park II The Alpha. The first of the Creek alphabet, the flBHt DISCOVER THE ALPHA prestigious address for your R&D operations. ft Infonnation Technology units and Research units for eveiy ii, R&D company, of various sizes and technology
      250 words
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  • FOCUS
    • Article, Illustration
      Lock icon The man who didn't expect to break the bank
      3848 15 Nick Leeson talks to the BBC's David Frost in an exclusive interview David Frost At the heart of this whole story is a secret account set up at Barings' local Singapore office and used to hide all the unauthorised trading. The
      AFP  -  3,848 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      219 15 I THE UNIVERSITY OF HULL I England 1927 g'OVH 100 Ms, MDs, CEOs ALKEADY IN THE PtOOftAMME!" "ONE or THE MOST ESTABLISHED IN SINGAPORE" MBA I First to offer TQM and a Systems Approach to Creative IffISRSH Problem Solving-the management philosophy of the 1990s BM||i||tH First to offer Entrepreneurship and
      219 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      228 16 JWTEGRATE YOUR PRODUCTION, OFFICE AND DISTRIBUTION AT ONE LOCATION. Introducing Alexandra Technopark. The fully integrated technology support S showroom facilities at one location. Strategically located along Alexandra Road, just off the Ayer Rajah Expressway, Alexandra Technopark provides superb access to all parts of the island, to the airport and seaport.
      228 words
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  • Article
    The urge to merge
    468 17 AMERICA'S corporate titans have a short memory. How else can one explain the new wave of mega-mergers that has hit Wall Street this year? True, the phenomenon is currently restricted to the highprofile banking and media companies. But it won't take long before America's fad-conscious and
    468 words
  • Article
    Drive to Seoul via the WTO
    268 17 PRIMA FACIE, the Americans may have a point when they complain of South Korea running a closed shop in car manufacture and sales. But the example of the protracted US-Japan controversy should advise US Trade Representative Mickey (Cantor against again indulging in an unnecessary
    268 words
  • Article
    Upgrading teachers
    164 17 SINGAPORE teachers' morale received a boost recently with the formation of the Executive Centre at the National Institute of Education. The centre aims to enhance the management and leadership qualities of principals who are instrumental in upgrading school performance. Teachers are critical to the success of our education
    164 words
  • Article
    Absorbing Chinese culture
    175 17 OUR Speak Mandarin Campaign is now into its 17th year. Although it is still taigeted at English-educated Chinese, this year's objective is no longer to break the psychological barriers to speaking Mandarin but to encourage people to absorb the rich Chinese culture and subsequently to cross Western
    175 words
  • Article
    Hope for Bosnian peace
    163 17 RUSSIA, which used to provide the Serb aggressors with unlimited military and moral support, emerges as the only country dissatisfied with Nato's punitive operation against the Serbs, jarring with the stands adopted by all other states. Despite the continued raids on Bosnian Serb military targets, there
    163 words
  • Article
    Packwood should pack up now
    168 17 BOB PACKWOOD resigned from the US Senate in disgrace on Thursday, just a step ahead of expulsion for sexual and official misconduct. But the Oregon Republican was back on the floor on Friday, discussing welfare reform and voting on amendments as if a unanimous Senate
    168 words
  • Article
    Chirac's nuclear blunder
    146 17 THE fact that the French nuclear test coincides with the 50th anniversary of Hiroshima and that the power of both explosions was similar has perhaps been Jacques Chirac's greatest blunder. It has offered those "Utopian" opposers to nuclear weapons an excellent emotive and propaganda platform. It has
    146 words
  • Article, Illustration
    Pacific war traced to US-Japan trade tussle
    1166 17  -  Book warns economic battles can lead to real wars, reports Leon Hadar Leon Hadar The writer is BT's Washington correspondent THE 50-year anniversary of the end of the Pacific War has produced emotional debates over the conduct of the United States and Japan
    1,166 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      61 17 Celebrating Singapore's Enterprising Spirit Be part of the Enterprise SO list A ranking of the fifty most enterprising, privately-held local companies. Come forward and claim your place on the list. It's an honour. Call the Enterprise 50 hotline 290 8998 for a nomination form. <£«SrNG BusinessDmes I To crack the
      61 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      90 17 l JOST P.SKE.D THAT uTTLC MPSU Me. &JGST KtO CD»4'T GST IT OV€« TUO?6. WMICH "02WNJ GO€.s, \T£>£S 1& tve CoP»ST.. I Tbto Him IT V N S> v BfclUG socw P* LOV&L>V DP*V M *o/ V QfeODep TO swo r OH SPW J c^v_ 9S' 7 c*Mocuno>rw*^i«»LTo.t««-^^^^'~'^^3E/ DOONESBURY FLASHBACKS
      90 words
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  • PROPERTY & CONSTRUCTION
    • Article
      Lock icon Land & Houses unveils extensive housing plan
      181 18 Land Houses unveils extensive housing plan Reuter BANGKOK Land and Houses pic said it is launching 13 new residential projects in the second half of the year, bringing to 37 its housing projects in Bangkok and Thai regional centres by the end of the year. Its vice-president Adisorn Thananan-narapul said
      Reuter  -  181 words
    • Article, Illustration
      Paragon for $700m? Try a parallel package
      604 18  -  I THE I PROPERTY i COLUMN By Lee Han Shih THE Paragon Complex, a six-storey shopping centre at the heart of the Orchard Road tourist belt, is no doubt a prime property. But is it worth the reported price of $600 million to
      604 words
    • Article
      Developers of luxury London flats woo investors worldwide
      260 18  -  By Michelle Low SOME 411 luxury apartments in London's Westminster Bridge area are being marketed worldwide to international investors looking for attractive rental yields in the capital. The County Hall project's British developers Galliard Homes Ltd and Frogmore Estates pic are offering
      260 words
    • Article
      PROPERTY WATCH
      287 18 Selected transections in the pest week at-1««-1 I I jsuA i t«~. i "sr l -jam Sep 4 0617 ValeyPk CondoApt 1216 999 1.090m 896 Sap 5 0316 Emerald PkTwr CondoApt V130 99 818,000 724 Sep 5 2673 Button Pk CondoApt 1238 FH 855,000 691 Sep 5 0511
      287 words
    • Article
      HK property: A mixed second quarter with some drastic falls
      433 19 Hongkong The territory's housing market was mixed in the second quarter of this year, with some sectors showing drastic falls, according to latest figures from the Rating and Valuation Department. The South China Morning Post quoted the department as saying
      433 words
    • Article
      HK shops will survive fall in retail spending
      367 19 But rents will stay soft, retailers will be more choosy about location: analysts Hongkong The downturn in local consumer spending, while exacting a toll on retailers, will not translate into vast expanses of empty retail space all over Hongkong as predicted by
      367 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      245 18 I WHITSUNDAY HARBOUR OUTSTANDING TOURISM DEVELOPMENT OPPORTUNITY Hotel, Residential, Marina Leisure facilities International Tourist Destination Total site area 30.9 hectares Stage One complete Over AUDSIS,OOO,OOO spent on infrastructure Location Whitsunday Coast, Queensland, Australia EXPRESSIONS OF INTEREST 3 CLOSE 20 OCTOBER, 1995 3 Contact: Jim Willliams or David Ling 45th 46th
      245 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      153 19 IH Close to Chinatown 8 Darling Harboui ■i-U Fully leased to N.S.W government. Nail ADD Outstanding harbour R SINGAPORE INSTITUTE OF SURVEYORS VALUERS Be a Qualified Real The Real Estate Agency Course aims to train estate agents as well as upgrade the present standard of agency practice in Singapore. The
      153 words
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      Page 19 Advertisements Column 2
      341 19 yj demandin^JH woman'hH WAY OF I For many years, the demanding and privileged ladies of European society enjoyed the pampering services of trained attendants who knew the secrets of "body sculpturing", the Swiss ingenuity that uses secret formulas. That proven formula is now available to you at K| Marie France
      341 words
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  • Article
    Lock icon US economy expected to grow at 2.9% this year
    634 20 Bloomberg Business News, Reuter WASHINGTON The US economy is likely to expand at k 2.9 per cent rate this year and then slow to a 2.4 per cent late in 19%, according to a new survey from a group of top
    Bloomberg Business News,; Reuter  -  634 words
  • Article
    Lock icon Key indices expected to show inflation in check
    298 20 Bloomberg Business News WASHINGTON Two key price indices set for release this week are likely to show the Federal Reserve is winning the battle against accelerating inflation. "All's quiet on the inflation front," said Robert Dederick, a consulting economist at Chicago's Northern
    Bloomberg Business News  -  298 words
  • Article, Illustration
    Lock icon The indignity of war
    50 20 AFP A Sarajevan woman begging for food outside the United Nations headquarters yesterday. The building is being guarded by soldiers of the Rapid Reaction Force. Nato yesterday resumed its air strikes against the Bosnian Serbs after their leader refused to withdraw heavy weapons around Sarajevo. AFP
    AFP  -  50 words
  • Article
    Lock icon UK directors' pay up 8.6%: report
    124 20 Reuter LONDON Britain's top corporate directors have reaped average pay rises of 8.6 per cent over the past year, more than twice the rate of increase in average earnings. Pay analysts Incomes Data Services said yesterday that a typical salary of a top director
    Reuter  -  124 words
  • Article
    Lock icon Industrial orders up
    68 20 Reuter BONN German industrial orders rose a strong 4.1 per cent in July from the previous month, led by a strong 9.5 per cent gain in capital goods or- ders. The economics ministry said yesterday: "German manufacturing orders were much stronger than expected." The data argued against
    Reuter  -  68 words
  • Article
    Lock icon US savings, loans
    67 20 Reuter WASHINGTON US savings and loans earned US$l.35 billion (Ssl.9 billion) in the second quarter, up from US$l.l6 billion in the first quarter and US$ 1.24 billion a year earlier. The US Office of Thrift Supervision said yesterday that earnings for the first six months of the
    Reuter  -  67 words
  • Article
    Lock icon 40 drown in Ganges
    79 20 AP NEW DELHI At least 40 people drowned in the Ganges River in a northern Indian state when their ferry hit a pillar of a bridge and sank yesterday. Press Trust of India news agency quoted unnamed sources as saying the toll could be as high
    AP  -  79 words
  • Article
    Lock icon Clinton's support
    62 20 Reuter CARBONDALE, Illinois President Bill Clinton yesterday backed the use of Tomahawk Cruise missiles by a US warship against Bosnian Serb targets as a protection for Nato pilots. White House spokesman Mike McCurry said: 'The president has indicated that he fully supports the decision by Nato military commanders
    Reuter  -  62 words
  • Article
    Lock icon Project virus
    85 20 Reuter PARIS French secret agents wanted to inject Greenpeace anti-nuclear militants with a virus able to trigger diarrhoea or yellow fever a decade ago to prevent them from sailing to the South Pacific. The authoritative French daily Le Monde, yesterday quoted sources close to the country's DGSE intelligence
    Reuter  -  85 words
  • Article
    Lock icon Talk about turbulence
    102 20 AP MILAN An Alitalia aeroplane with 160 passengers aboard nose-dived for 60 seconds at 12,000 feet to avoid colliding with another of the airline's jets. Airline officials said yesterday that moments after taking off from Milan's Linate airport, Alitalia's Flight AZ-2083 took a 60-degree turn and dropped
    AP  -  102 words
  • Article
    Apec officials drawing up agenda for 2020 goal
    250 20  -  From Quak Hiang Whai in HONGKONG SENIOR officials from A pec countries start a two-day meeting today to work on "an action agenda" to realise the goal of free and open trade and investment in the region by 2020. The free trade
    250 words
  • Article, Illustration
    The misinterpretation of US policy — by the US
    681 20  - The misinterpretation of US policy by the US The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BTs Tokyo correspondent THE PRESENT US administration is a "Democratic" one, so perhaps one should not be too surprised by the fact that some of its members feel free to go around
    681 words
  • Article
    Lock icon Watchdog may probe LSE ban on share price data on the Internet
    512 20 Reuter LONDON Britain's Office of Fair Trading (OFT) may launch an investigation into the London Stock Exchange's refusal to allow a British sharedealing company use of its share price data on the Internet. "We are aware of what
    Reuter  -  512 words
  • Article
    Lock icon Hard day's night spells plenty for the Beatles
    249 20 AFP NEW YORK Twenty-five years after their breakup, the remaining three members of the Beatles continue to amass a fortune from album sales and now rank as the third best-paid entertainers in America. Film director Steven Spielberg and talk-show host Oprah Winfrey
    AFP  -  249 words
  • Article, Illustration
    Lock icon G-10 central bankers see recovery into second half
    230 20 Reuter BASLE, Switzerland German Bundesbank president Hans Tietmeyer said the cenj tral bank governors of the G-10 countries were confident world economic recovery would continue in the second half of the year despite slow* ness in the Japanese economy} He told reporters
    Reuter  -  230 words
  • Page 20 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Bank Negara cancels sale of Aver Molek stake
      673 21  -  It moves to end judiciary fracas over corporate dispute From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S central bank said yesterday it has decided to call off the sale of a 30 per cent stake in Ayer Molek Rubber Co Bhd to
      673 words
    • Article
      Acma rings up interim profit surge of 45%
      407 21  -  By R Sivanithy SINGAPORE Diversified engineering and telecommunications group Acma Ltd yesterday announced a healthy 45 per cent jump in interim after-tax operating profit to $21.1 million and a one-for-five bonus issue. For the six months ended June 30, turnover grew 53
      407 words
    • Article
      Teng Fong buys more YHS shares to raise stake to 45.62%
      375 21 SINGAPORE Property tycoon Ng Teng Fong yesterday mopped up another 1.28 million Yeo Hiap Seng shares, tightening his grip further on the beverage group. The latest purchase of 1.28 million shares brings his total stake to a formidable 45.62
      375 words
    • Article
      Yenville raises stake in Econ to 50.99% by exercising warrants
      258 21 SINGAPORE Yenville Pte Ltd, which is making a bid for construction company Econ International, said yesterday it had increased its stake in Econ to 50.99 per cent by exercising 11.45 million warrants. United Overseas Bank, which is advising Yenville an
      258 words
    • Article
      Second half a litmus test for Aokam
      590 21  -  HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR Four months ago, Aokam Perdana shocked the market with its interim results. Not only did the timber firm rake in lower profits for the first six months ended Dec 31, the MJ39 million (SS22 million)
      590 words
    • Article
      JC-MPH, Bousteadco want suspension lifted
      185 21 SINGAPORE Publishing and property group Jack ChiaMPH and its subsidiary, Bousteadco Singapore, have asked for the suspension of trading in their shares to be lifted. JC-MPH said yesterday the suspension was requested last Tuesday because a third party had approached it about an investment in
      185 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        50 21 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 Lyonnats Securities. Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court, WI Can and SG Warburg.
        50 words
      • Article, Illustration
        HOT STOCK
        79 21  -  By Shiv Taneja LIANG HUAT Aluminium is a sell, as it has failed to cross 80 cents. In the days ahead, the stock will begin to trade downwards, as indicated by the daily and weekly RSI and Stochastic charts. The stock should see support at 70 cents. By
        79 words
    • COMPANIES
      • Article
        Flat earnings for PCI
        51 22 SINGAPORE Contract manufacturer PCI Ltd yesterday reported flat net earnings of $3.6 million for the year ended June 30, 1995. Turnover rose by 36 per cent to $245.2 million. The directors have recommended a first and final dividend of 7 per cent less tax for the
        51 words
      • Article
        Komatsu Indonesia to list on JSE
        90 22 SINGAPORE Leading Japanese heavy equipment company Komatsu has filed an application to list its Indonesian subsidiary on the Jakarta Stock Exchange. The company said during the weekend that subsidiary Komatsu Indonesia intended to offer 32 million shares in its initial public offer. This will
        90 words
      • Article
        Telecom buys 20% stake in Acasia
        80 22 SINGAPORE Singapore Telecommunications Ltd announced yesterday that it has acquired a 20 per cent equity stake in Acasia Communications Sdn Bhd (ACSB) on Aug 30 for M 595,000 (5554,300). ACSB provides support services related to the development and operation of telecommunications services, including engineering,
        80 words
      • Article
        SPC denies disclosing 1995 results
        81 22 SINGAPORE In response to a report which said Singapore Petroleum Company's profits may plunge to as low as $35 million this year, SPC sent a letter to the Stock Exchange of Singapore clarifying that it was not aware of any meeting where it divulged information
        81 words
      • Article
        Lock icon China Resources to float food unit within 2 months
        242 22 Reuter HONGKONG China Resources (Holdings) Co plans to float China food distributor Ng Fung Hong Ltd on the Stock Exchange of Hongkong within two months. Chairman Shen Jueren said yesterday: "Ng Fung Hong will eventually be listed. We still have to
        Reuter  -  242 words
      • Article
        Untitled
        2242 22 ■Mpn* prim Sep 12 Sh Greater ClitM Fd 0.97 101® Mcndaki Gr Fund 1.00 l.03n(l(a. awgapere umi iran us or Fund i.u 1.11 s The Commerce 1.34 1.63 The Saviap Fund I.4S 1.37 UOB MMt Mft Ltd S"pore Proj Fund Ml 0.65 UmfWnd 1.40 1.47 yporc See Fund 0.90 0i9S*d
        2,242 words
      • Article
        SC warns MIH for handling Great Wall ballot badly
        370 22  -  Malaysia's securities watchdog calls for fresh balloting Fran Ruth Wong in KUALA LUMPUR THE Securities Commission has rapped the Malaysian Issuing House for failing to exercise due care in the balloting of Great Wall Plastic Industries shares and has called for
        370 words
      • Article, Illustration
        KFC (M) exec director denies making false police reports
        298 22  -  By William Chia SINGAPORE KFC Holdings Malaysia executive director Kevin Lau Eng Guan released from custody at the weekend said yesterday he had not made false reports to police. "As a responsible and respected businessman, I would not be so irresponsible
        298 words
      • Article
        Charity Investment Race rakes in $71,113 in second month
        290 22 SINGAPORE Participants in this year's Charity Investment Race have chalked up a combined profit of $71,113 in the second month of the event considerably more that the $10,245 raised in the first month. Five of the seven teams taking part in
        290 words
      • Article
        Lock icon Plans to turn M'sian Bukit Merah township into intelligent city
        296 22 Bernama IPOH Three companies are studying to incorporate advanced telecommunications services for the Msl billion (*****,000) Bukit Merah Lake Town project and turn it into an "intelligent" township. A memorandum of understanding to facilitate the study was signed here yesterday
        Bernama  -  296 words
      • Article
        Harimau suffers 75% plunge in interim profit
        220 22 SINGAPORE Harimau Investments, the closed-end investment company of OCBC Bank, has reported a 75.2 per cent drop in first-half group net earnings to $1.33 million. It said last night that the drop was due to trading losses and lower profits from the sale
        220 words
      • Article
        Lock icon Ming Pao shares fall 5.2% to HK$3.20
        129 22 Reuter HONGKONG Ming Pao Enterprises Corp fell 17.S HK cents or 5.19 per cent to a low of HKS3.2O on long liquidation yesterday, brokers said. The company resumed trading yesterday after being suspended on Sep 6. "Local investors were liquidating their positions due
        Reuter  -  129 words
      • Article
        Acer's IPO of 12.6m shares 19 times subscribed
        267 22 SINGAPORE Computer giant Acer Computer International's initial public offering of 12.6 million shares was subscribed 19.1S times at its close yesterday. The US-dollar denominated IPO attracted a total of 23,758 applications for 180.37 million shares. ACI, which is the regional business unit
        267 words
      • Article
        Lock icon Lion City cuts Noel Leeming stake
        123 22 Reuter WELLINGTON Singaporebased Lion City Holdings Pte Ltd has reduced its holding in electrical appliance retailer Noel Leeming Ltd to 34.47 per cent from 40.28 per cent, Lion City said in a notice to the stock exchange. Lion City now holds 9.48 million shares,
        Reuter  -  123 words
      • Article
        Lock icon Daimler-Benz posts 1.5b-mark 1st-half loss
        298 23 Reuter STUTTGART German industrial giant Daimler-Benz AG yesterday said it lost 1.56 billion marks (Ssl.s billion) in the first half of 1995 due to a 1.2 billion marie provision for its troubled aerospace unit hurt by a weak dollar. But Daimler said its Mercedes luxury
        Reuter  -  298 words
      • Article
        Lock icon Dean Witter may cut higher commissions for its funds
        145 23 Bloomberg Business News NEW YORK Dean Witter Reynolds Inc may stop paying its brokers more to sell in-house products which make less money for the firm than other companies' offerings. The nation's third-largest* securities firm may join the rest of Wall
        Bloomberg Business News  -  145 words
      • Article
        Lock icon Telstra posts record earnings of A$1.75b
        221 23 Bloomberg Business News SYDNEY Governmentowned telecommunications carrier Telstra Corp said fullyear net earnings rose 3.2 per cent to a record AS 1.75 billion (SSI.BB billion), even though competition is squeezing profit margins. The result for the 12 months ended Jun 30 came after a
        Bloomberg Business News  -  221 words
      • Article
        Lock icon Pacific Dunlop gets approval to sell assets to 2 buyers
        183 23 Bloomberg Business News SYDNEY The board that overseas foreign investment in Australia yesterday approved Pacific Dunlop Ltd's Asl billion (551.07 billion) sale of its food group to two offshore buyers Swiss-based Nestle SA and US-based JR Simplot Co. The sale
        Bloomberg Business News  -  183 words
      • Article
        Lock icon GEC boardroom row looms: paper
        93 23 Reuter LONDON General Electric Co pic faces boardroom discontent over the selection process for the appointment of a successor to managing director Lord Weinstock, according to the Sunday Telegraph newspaper. Concerns about the slowness and secrecy of the succession process are beginning to surface, it
        Reuter  -  93 words
      • Article
        Lock icon Kyocera to form new subsidiary
        113 23 Bloomberg Business News TOKYO Kyocera Corp, the world's largest maker of ceramics used to protect computer chips, will turn its business information division into a new, Kyoto-based subsidiary capitalised at 50 million yen (*****,200) on Sep 22, Jiji Press reported yesterday. The new company, Kyocera
        Bloomberg Business News  -  113 words
      • Article
        Lock icon Dalgety pre-tax profit up 6%
        116 23 Bloomberg Business News LONDON Dalgety pic, the UK food and agribusiness company, said pre-tax profit rose 6 per cent before a £33.4 million (5573.5 million) reorganisation charge as the company integrated recently-acquired Quaker European Petfoods. Pre-tax profit rose to £127.1 million, within analysts' estimates, from
        Bloomberg Business News  -  116 words
      • Article
        Lock icon Great Central posts A$5.6m loss
        78 23 Bloomberg Business News PERTH Australian gold producer Great Central Mines NL said its loss in the year ended June 30 narrowed to A 55.6 million (Ss6 million) from AS 14.3 million a year earlier. The latest loss mainly reflected a one-time As 7 million in
        Bloomberg Business News  -  78 words
      • Article, Illustration
        Lock icon An American protest in Tokyo
        152 23 AFP, Bloomberg Business News TOKYO Lunchtime crowds in central Tokyo were treated to the rare sight of a US-style labour demonstration as replaced employees of Bridgestone/Firestone Inc tyre plants in the United States demanded that the Japanese parent company give them their jobs back. Carrying
        AFP,; Bloomberg Business News  -  152 words
      • Article
        Lock icon UK fund managers most optimistic on Japan equities: poll
        319 23 Reuter, Bloomberg Business News LONDON UK fund managers are most optimistic on the outlook for the Japanese equity market, according to the Smith New Court/Gallup monthly survey of investment intentions. "The balance of bulls minus bears is plus 35 per cent
        Reuter,; Bloomberg Business News  -  319 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US futures industry wants sweeping legal reforms
        407 24 Reuter CHICAGO The US futures industry is seeking sweeping legal reforms and wants Congress to examine ways to change laws to make the domestic futures business more competitive. The revisions could profoundly affect the industry's regulator, the Commodity Futures Trading Commission (CFTQ. CFTC
        Reuter  -  407 words
      • Article
        Lock icon Japan banks cut prime rates
        81 24 Bloomberg Business News TOKYO Japan's six largest commercial banks are cutting their short-term prime rates by 0.375 of a percentage point to a record low of 1.625 per cent The six are Dai-lchi Kangyo Bank, Mitsubishi Bank, Sakura Bank, Sanwa Bank, Sumitomo Bank and Fuji
        Bloomberg Business News  -  81 words
      • Article
        Lock icon Aussie-Thai bid for insurance licence
        71 24 Reuter MELBOURNE A joint venture between Australia's National Mutual Holdings and Thailand's General Finance and Securities is finalising an application for a life insurance licence in Thailand. It will be submitted by the first week in October. "We are very optimistic about the Thai market,"
        Reuter  -  71 words
      • Article
        Lock icon A$1b Treasury bonds on offer today
        78 24 Reuter SYDNEY The Treasury will offer a total of ASI billion (551.07 billion) in Treasury bonds through a tender today, the Reserve Bank of Australia (RBA) said. The offering will comprise AS4OO million of 9.75 per cent bonds maturing in March 2002 and AS6OO
        Reuter  -  78 words
      • Article
        Lock icon Asia's ethylene market may be headed for glut
        242 24 Reuter TOKYO Japan's ethylene production is booming due to strong Asian demand, but industry sources fear a regional glut may be just around the corner. "If Japan doesn't lower ethylene production levels at some of those plants which mostly produce for export,
        Reuter  -  242 words
      • Article
        Lock icon M'sian debt market seen doubling
        344 24 Ms4ob worth of debt issues a year expected by 2000 Reuter KUALA LUMPUR Rating Agency Malaysia Bhd, the country's sole credit rating agency, expects new debt issues to double in size by the year 2000 to an annual MS4O billion (5522.84 billion), its chief executive
        Reuter  -  344 words
      • Article
        Lock icon Prices hold as Opec output goes up
        319 24 ENERGY REPORT Reuter LONDON Oil prices were little changed yesterday, content to consolidate at the higher levels reached in last week's rally. North Sea Brent crude was unchanged at U5516.74 a barrel on the London futures market. Traders said the market remained supported
        Reuter  -  319 words
      • Article
        Lock icon LONDON
        174 24 Reuter LONDON The US dollar ended lower in Europe as the absence of coordinated central bank intervention to sustain Friday's brief gain above the psychologically-important 100yen level prompted generalised profit-taking. The dollar's latest retreat, however, has been much more pronounced against the mark than yen. "The Bundesbank took part
        Reuter  -  174 words
      • Article
        Lock icon NEW YORK
        96 24 AFP NEW YORK The US dollar slipped against major currencies except the pound sterling here yesterday but stabilised in the wake of losses in Asian markets. Traders remained disappointed by the Fed's inaction after the Bank of Japan engaged in dollar-buying. At about 10:15 am, the US dollar
        AFP  -  96 words
      • Article, Illustration
        Untitled
        1159 24 Trmde-wrtghttd tmkx cakwlmtd tgmmi S-farri 14 tmbm tmtmn Bmtjmr MS US$/S$ fanrari rates NoooSep 11 SK N Ob iHWHMk 1.4229 ***** 2-moat* 1.41*4 I 4209 Unomt 1.4111 1.4176 6M* I.40M 140M Source: OCBC FOREIGN CURRENCY NOTE RATES h««B«l9U: 3TS55p ewwety Currencies Bid Offer A wSCm aotUr 1.0630 1.0420 Canadian daMar
        1,159 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Quiet trade in Euroyen, Eurodollars
        1352 25 Reuter SINGAPORE Simex Euroyen and Eurodollar futures were slightly firmer in quiet trade. "Euroyen is in limbo in the aftermath of Friday's cut," said a dealer at a European futures firm. On Friday, the BOJ cut its discount rate to O.S per cent from an
        Reuter  -  1,352 words
      • Article
        Tin price falls in line with LME
        692 25 cqiawcm KL Vm Kaala Laapw; Tin price on the Kuala Lumpur Tin Market (KLTM) closed four sen lower yesterday to finish at M 515.80 per kg in line with the lower gains on the London Metal Exchange on Friday, a dealer said. On
        692 words
      • Article
        S Korea copper cathode imports up
        90 25 SEOUL Electrolytic copper cathode imports were up in Jan-Jun thanks to growing industrial demand, but a rise in aluminium imports during the same period were linked to stockpiling, metal traders say. Copper cathode imports in Jan-Jun rose by 28 per cent to 148,8% tonnes
        90 words
      • Article
        China signs oil exploration deal
        96 25 HONGKONG China National Offshore Oil Corp has signed an agreement with the ACT Operators Group made up of Italian Agip and USbased Chevron and Texaco to jointly develop two oilfields in the Pead River Delta Basin, the official China Daily said yesterday. The two sides
        96 words
      • Article
        Japan, China in soybean talks
        66 25 TOKYO Japan is now in the final stage of'., negotiating food-quality soybean imports for Scjk" tember shipment onward from China, traders said yesterday. One trader said China has said it cafe" supply between 15,000 and 17,000 tonnes of old* < crop soybeans for Sep-Oct shipment
        66 words
      • Article
        Asian groups to buy US corn
        59 25 SYDNEY Malaysia, Indonesia, Taiwan and one or two large South Korean buying groups ate all expected to buy US com this week, after several weeks of slow trade caused by high prices. These countries are seeking to increase their Oct-Dec shipment coverage, and only
        59 words
    • Article
      COMMODITY PRICES
      1370 25 SICOM Futures (Marts dMlag as at SJda) >S> 1 C»a>atl (S centi/kg) Cloee Mm Open Month High Low Sen (tonnes) lateral Oct *5 193.30 1700 Nov 193.30 192.30 191.30 200 1200 Dec 191.30 1323 Jan/Mar 96 193.00 119 30 119.30 973 3*73 Apr/J no 96 192.30 190.30 190.30
      1,370 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1000 26 -1-4.4 AUSTRALIAN shares closed 0.2 per cent higher yesterday as the bourse ran out of steam after a firmer opening. The All Ordinaries Index finished 4.4 points up at 2,143.8. The All Industrials closed 8.2 points up at 3,154.3, with the All Resources adding 1.5 points to close at
        1,000 words
      • Article
        Manila
        548 26 -14.83 Philippine share prices closed half a percentage point lower yesterday as some blue chips reacted negatively to an upward trend in interest rates, brokers said. "Basically it's the interest rates. Most people believe it is just the start of an upward trend," an analyst said. The PSE Index
        548 words
      • Article
        Taipei
        507 26 -118.69 Taiwan share prices finished sharply down as heavy profittaking emerged after recent sharp gains, brokers said. The Weighted Price Index fell 118.69 points or 2.29 per cent to close at its intra-day low of 5,063.82. Turnover was an active NT556.3 billion. Selling was across-the-board. Recent gainers, the construction
        507 words
      • Article
        Seoul
        404 26 -2.86 Stocks closed lower in moderate trading on profit-taking that followed the five consecutive days of rises in the past week, brokers said. Financial shares, which had gained strongly late last month, were hit hardest by the profittaking, they said. The Composite Index closed 2.86 points lower at 950.95,
        404 words
      • Article
        New Zealand
        270 26 +8.09 Stocks gained as Telecom Corp benefited from a surge of US buying and forester Fletcher Challenge benefited from a "buy" recommendation on a popular US business television show, traders said. A broker said in the absence of any other news, 'Telecom is following on from the oflshore
        270 words
      • Article
        Bombay
        96 26 +6.09 Share prices finished up, off* their highs, on the Bombay Stock Exchange as the market developed second thoughts on the anticipated resumption of forward trading, brokers said. The 30-share BSE Index closed up 6.09 points to a provisional 3,372.34. The 10(Vstock National Index was up 5.64 to a
        96 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        713 26 Britannia Fimtfs BU CMfcr Mm Cap Dam HMO M.4SOO Ma ttntj 6*i ftlWJ aiW2 Mm Ma Irat *0.9200 *0 MOO USC Cask iacMM PM*Fm* **1300 *10.3700 PS S Root* FM4 *5.MOO *5.5700 0.45*2 0.4*3» Far Em Fm4 *2.M» *2.*730 Mm Portiofca 2.1230 2 2950 UKGxMkFMi '5.N00 *4 1500 MIM Br
        713 words
      • Article
        London
        627 26 -5-2 SHARE prices closed lower in thin trading, with the cash market tracking the futures and bond markets for most of the afternoon session, dealers said. The FTSE-100 Index closed 5.2 points lower at 3,549.3, up from a low of 3,546.7 and well below its high of 3,565.3. Volume
        627 words
      • Article
        Paris
        130 26 +14.78 Share prices closed higher, having rebounded from early weakness as investors covered short positions in the afternoon, dealers said. The market initially followed weak French government bond futures down and explored lows not seen since the end of March before decoupling from the bond market, they added. The
        130 words
      • Article
        Frankfurt
        175 26 -12.91 The DAX Index fell by 12.91 points to end at 2,260.79 points. Operators said the downtrend was due to a bout of dollar weakness and to unexpectedly poor six-month results for Daim-ler-Benz, which fell 13 marks on the day to end at 717. Daimler subsidiary AEG, which almost
        175 words
      • Article
        Brussels
        166 26 ■2.17 Belgian shares ended slightly lower in lacklustre trading. Stable bonds and a little changed dollar helped sideline investors who were already hesitant ahead of an outcome to the government's budget talks, dealers said. The Bel-20 Index of leading shares closed 2.17 points, or 0.15 per cent, lower at
        166 words
      • Article
        Milan
        152 26 -109 Italian shares fell after companies in the Olivetti group announced almost 3 trillion Jira's in rights offerings dur- ing the weekend. Shares of companies in the Olivetti Group fell almost 15 per cent. "It's impacted the whole market because the liquidity for the offerings is going to have
        152 words
      • Article
        Amsterdam
        239 26 +0.43 Dutch stocks dosed little changed as gains in Unilever N V and other food stocks were offset by declines in industrials, such as DSM NV and Akzo Nobd NV. The Amsterdam EOE Index closed 0.43 points, or 0.09 per cent, higher at 467.41 after trading in a relatively
        239 words
      • Article
        Stockholm
        162 26 13.15 The frenzied pace of the advancing Stockholm bourse was dampened yesterday when telecom giant Ericsson stumbled, but the bourse indices still closed at record highs in trader-driven activity, according to broken. The OMX Index gained 13.15 basis points to 1,804.62 in moderately heavy trade volumes of 3.1 billion
        162 words
      • Article
        Johannesburg
        379 26 +34.6 South African industrial shares posted strong late gains to close well up yesterday despite a frail morning session, dealers said. "It was a weak and quiet opening and the market drifted lower on lack of interest then there was a turnaround this afternoon," a dealer said. He said
        379 words
      • Article
        Toronto
        263 26 +4.3 Stocks edged higher early on strong gold shares, but failed to keep pace with gains on Wall Street. The TSE-300 Composite Index rose 4.3 points to 4,575.80 on volume of 8.9 million shares valued at Cslo2 million. Advancing stocks outpaced declines 193 to 158 with 202 issues unchanged.
        263 words
      • Article
        New York
        616 26 +1232 Stock prices extended opening gains in quiet trading early yesterday as the market followed through on Friday's sharp gains that lifted broader indexes to record levels. The Dow Jones Industrial Average, which jumped 31.00 points on Friday, was ahead 12.32 points to 4,713.04 at II am EDT.
        616 words
    • Article, Illustration
      Lock icon HONGKONG
      2446 27 Reuter, AFP HONGKONG Stocks closed with moderate gains but were knocked off steep early highs after running into the 9,500 psychological barrier, brokers said. The Hang Seng Index gained 43.74 points to 9,438.95, off the day's high of 9,492.89. Turnover was HKJ3.77 billion against Friday's adjusted HK53.59 billion. "The
      Reuter,; AFP; Source: Bridge Info  -  2,446 words
    • Article, Illustration
      Lock icon CHINA
      523 27 CLSA CHINA'S H shares in Hongkong posted a 0.3 per cent decline on lacklustre trading. The CLSA Hongkong H Index closed 3.41 points down at 1,052.38". Turnover shrank by 30 per cent to US$6.4 million. Buying interest was focused on Hai Xing Shipping and Dongfang Eke. B shares in
      CLSA  -  523 words
    • Article, Illustration
      Lock icon TOKYO
      2450 27 Bloomberg Business News TOKYO Stocks rose to sevenmonth highs as investors applauded the central bank's moves to jump-start the economy by cutting interest rates and supporting the US dollar. "Domestic as well as foreign investors are putting their faith in the government and hoping they will deliver on their
      Bloomberg Business News; Source: Bridge Info  -  2,450 words
    • Article, Illustration
      Lock icon BANGKOK
      1376 27 Reuter BANGKOK Thai stocks finished higher on a technical rebound but the thin turnover showed that investors were cautious, brokers said. The SET Index finished 10.14 points higher at 1,285.82 on siim 2.3 billion baht turnover. "It's a technical rebound. Other markets in the region have been going forward
      Reuter; Source: Bridge Info  -  1,376 words
    • Article, Illustration
      Lock icon JAKARTA
      1084 27 Reuter JAKARTA Shares prices finished the day lower in modest trading following selling pressure on some conglomerate-related shares, brokers said. The Composite Index fell 4.56 points to dose at 485.44 points. "Conglomerate-related shares came under modest selling pressure mostly in the late session for unclear reasons, despite firm sentiment
      Reuter; Source: Bridge Info  -  1,084 words
    • Article
      CLOB INTERNATIONAL
      2376 28 L Cr Cr IMS Lmt Vai Dan La* Qaa* W» W» VM Net M Cap ruJO* U* Q i i ij S* CM) H%fc La» Bajar Safer CV 9k P/E Sail -TMuuysmn stocks v I* 3000 ABB 30c 414 +14 141 41* 400 410 414 10 -If 0l2
      2,376 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares end higher in technical rebound
        6444 28 Reuter, AFP KUALA LUMPUR Share prices closed higher in a technical bounce, but brokers said the rise is unlikely to be sustained as many players are looking to sell into strength after a spate of discouraging news recently. "Some bargain hunters came out in
        Reuter,; AFP; Source: Bridge Info  -  6,444 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8826 29 IMS Last Vol Da) Last QaXt Dh VM IW Cap A>| Higk Law Staa Cimnay Sale (IN) High La* km Seller Cw P/E imil Prk* MOUSTMAL AND COMMERCIAL 520 382 mt 1000 Acma SOe 49« +2 165 MX) *96 «<*> 49« 215 5.8 2.3 10.4 6M 5 495 450 430
        8,826 words
      • Article, Illustration
        Lock icon Blue chips down marginally on listless trading
        1841 30  -  By R Sivanithy SINGAPORE A quiet session in the local stock market yesterday ended with blue chips closing marginally lower in thin volume, while demand for Sesdaq was unexpectedly muted. Malaysian counters also received token interest for much of the day, but featured
        Charts by Bridge Info; Source: Bloomberg  -  1,841 words
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      257 21 NEWS VALUE KLSE outlines ways S'poreans can trade la scripless •"•ft* (Pg I) CDS' suggested arrangements not likely to be popular. DBS Land sells 25% of Siaisville within week of soft IttMdi (pg 4) Reflects the cautious state of the residential property market. Acma rings up interim profit sarfe of
      257 words
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      29 22 THE June 10 unit trust performance ranking was published in the Personal Finance and Investment section of Business Times's weekend edition. Below is the ranking as at Sep 4.
      29 words
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      1 24 Toc9c|(heyfe
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      127 27 Because** are Inked to to computer systems of toe Slock Exchange \J a VK. V of Singapore you can track any price movements In your stock ft shares ▼■jll ADh lA| and make timely decisions anytime, anywhere. The Stock Page Classic M 111 Wll 1 Service provides: Top-150 Volume traded
      127 words
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      Page 30 Advertisements Column 1
      240 30 Ahcy, paradise sighted on the horizonl^;^^^ I destined irresistible Jr H draw for holidaymakers. This tranquil Riau H isle home to the sprawling Bintan A Wh 2 A M Lagoon Golf and Beach Resort. Where uA Hi V B VH Your every expectation of a perfect resort is matched by
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      Page 30 Advertisements Column 2
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  • Snipping Times
    • Article
      Lock icon DAILY FREIGHT
      533 31 Knight-Ridder, Reuter THE dry cargo market ended the week subdued, with holidays in South Korea reducing activity and with weaker rates reported in some Atlantic trades and for craned bulkcarriers in the Far East, shipbrokers said. The Baltic Freight Index (BFI) lost another seven points on Friday to
      Knight-Ridder,; Reuter  -  533 words
    • Article
      Lock icon Yangming considers ordering new ships from Far East yard
      488 31 Lloyd's List TOKYO Taiwanese carrier Yangming Marine Transport is considering re-entering the containership building sector and ordering a tranche of new 3,500-TEU (20-ft equivalent unit) to 4,000-TEU box ships from a Far East yard. The newbuilding plan is still at the
      Lloyd's List  -  488 words
    • Article
      Hyundai shipyard eyes Seoul govt order of five LNG carriers
      390 31 HONGKONG Hyundai Heavy Industries (HHI) of South Korea hopes to bag part of the order for five liquefied natural gas (LNG) carriers the Korean government is likely to announce by the end of the year. HHI, which specialises in manufacturing
      390 words
    • Article
      MARITIME STOCKS
      324 31 SES HHH) Sep 11 S$ Vol CWT Distribution 1.56 -0.02 34 Chuan Hup Holdings 1.23 -0.08 828 Cosco Investment 2.18 +0.02 535 Far East Levingston 6.20 -0.05 131 Freight Links Express 0.76 -0.Q2 273 GB Holdings Ltd 1.06 -0.04 245 Hai Sun Hup Group 0.93 -0.025 665 Hitachi
      324 words
    • Article
      OOCL launches world's biggest container ship
      435 31  -  By Alec Almazan SINGAPORE Orient Overseas Container Line Ltd (OOCL) recently launched the world's largest container vessel, the 4,690-TEU (20-ft equivalent unit) OOCL California, in Nagasaki. Built by Mitsubishi Heavy Industries, the OOCL California is the first of six ships contracted last year as
      435 words
    • Article
      Lock icon Calcutta's 3rd port to be completed in late '96
      143 31 Reuter CALCUTTA Calcutta's third port and its first private one will have an initial capacity of more than 40,000 tonnes a day, government officials said. The port is being built at a cost of more than eight billion rupees (***** million)
      Reuter  -  143 words
    • Article, Illustration
      Lock icon Forth Ports to buy Tilbury
      198 31 Reuter LONDON Forth Ports pic said it has agreed to buy International Transport Ltd (ITL), which owns Port of Tilbury London Ltd, for £121.6 million (*****.S million). The group added it was setting a one-for-two rights issue of new ordinary shares at 490p a share
      Reuter  -  198 words
    • Article
      When the term 'owner' can also mean the charterer
      659 31  -  ADMIRALTY CASKBOOK This is a fortnightly column that highlights important shipping court cases By Selva Kumar SINGAPORE Where shipping contracts use the words "owner" or "shipowner" without defining them, they ought to be interpreted according to the context in which they
      659 words
    • Article
      Lock icon 3 die in drinking binge in ship off NZ
      193 31 Reuter WELLINGTON Three sailors on a Russian trawler died in a weekend drinking binge apparently involving industrial alcohol and Russia's embassy ia.Ncw Zealand yesterday expressed shock over the incident. They died on Sunday after the fatal drinking bout on the trawler
      Reuter  -  193 words
    • Article
      Lock icon China ports handle more containers
      82 31 Bloomberg Business News HONGKONG China's ports handled 4.87 million 20foot equivalent units of containers in 1994, a rise of 27 per cent over 1993, the Chineselanguage Ming Pao Daily News reported recently. Citing statistics from China's transportation department, the paper said Oiina currently has 40
      Bloomberg Business News  -  82 words
    • Article
      Lock icon Insurance scam
      73 31 AFP BEIJING Insurance investigators in southern China have uncovered a major scam by shipping operators who scuttled their own vessels to fabricate a claim of nearly US$l million (Ssl.4 million), a report said yesterday. The operators, working on three ships out of Shantou city in Guangdong province, were
      AFP  -  73 words
    • Article
      Lock icon Senate panel okays bill with no ship subsidies
      292 31 Knight-Ridder WASHINGTON A powerful Senate panel has ended any realistic hope ocean carriers will receive new vessel operating subsidies in the coming fiscal year by approving a bill that contains no federal funds for the proposed Maritime Security Programme, the Journal of
      Knight-Ridder  -  292 words
    • Article, Illustration
      Lock icon PIA faces stiff competition
      679 32  -  Three private airlines take on national carrier for a share of Pakistan's skies. Tahir Ikram reports Tahir Ikram Reuter THREE private airlines are jostling for a place in Pakistan's skies three years after state-run Pakistan International Airlines (PIA) lost its monopoly. Domestic passengers can now choose
      Reuter  -  679 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      326 32 Page •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrcnkiel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 B'tang Mas 10 Bright Express 6 •CCNI 4 •CM A II •C05C0 7 •CSAV 3 Centenary 7 Central Ex 11
      326 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10091 38 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 The page number refers to the location of the schedule advertisement n* En MmMmi Vaaaal Voyage P| A Abidjan
      10,091 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        610 43 Voy No Berth Arrival Departure Poet (IT) Bmtang Laut J1 alongside 12.09/1500 W) GT22 No 280PPJ J1 alongside 12 09/1200 JT) Nurdana J1 alongside 12.09/2300 (BT) S15 No 0233 il alongside 12 09/1000 U Yamamah 84 J4/5 alongside 12.09/2300 Mam Mum E alongside 12.09/2300 KOaya J3 alongside
        610 words
      • Article
        CONTAINER SCHEDULES
        1401 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Manet Rstts Ship Voy W> Etto/Btr Pwfcd Fun T* Fnw Ac* Ltoc 0488 12/1500 1A 11/1500 11/1659 11/1900 Aa Swan 187A 13/0200 2A 11/1700 12/0659 12/0900 3 12/0700 12/1159 12/1400 At Victory 0064A 14/0200 2B 11/1700 12/0659 12/0900 3
        1,401 words
      • Article
        COCKETT BUNKER MARKET REPORT
        742 43 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
        742 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Bids soon for rail link between Bangkok, eastern seaboard
        512 44  -  From Alan Boyd in BANGKOK BIDS will be called within the next three months for a high-speed rail link between Bangkok and the eastern seaboard industrial belt. Six foreign groups have said they are interested in the project, which will connect
        512 words
      • Article, Illustration
        Lock icon The best from the West
        54 44 AFP MAKUHARI, Japan A young couple passing by foreign-made cars at a showroom which opened recently in Makuhari, a suburb of Tokyo. Fifteen popular cars made by 15 US and European car makers are displayed in a permanent showroom on the ground floor of a
        AFP  -  54 words
      • Article
        Lock icon Sleek new car models at Frankfurt but will there be buyers?
        353 44 Reuter LONDON Europe's car makers are out of luck. Sleek new models costing billions of dollars to develop will be unveiled at the Frankfurt car show this week, just as market conditions take a turn for the worse. The
        Reuter  -  353 words
      • Article
        Lock icon Kedah town to be site of air force college
        197 44 Bernama ALOR STAR Kepala Batas will be turned into an aviation town with the completion of the Royal Malaysian Air Force (RMAF) College campus in 1998. RMAF Deputy Chief Ma-jor-Gen Ahmad Saruji Che Ros said yesterday 3.6 hectares near Kepala Batas
        Bernama  -  197 words
      • Article
        Lock icon GM to invest more in China truck venture
        154 44 Bloomberg Business News SHANGHAI General Motors Corp will inject fresh funds into its US$l6 million (5522.8 million) joint venture light truck plant in north-east China. "The changes will require additional investment, the amount to be decided by the partners," said Rudolph Schlais,
        Bloomberg Business News  -  154 words
      • Article
        Lock icon Australia's vehicle parts exports to Asia jump by a third
        246 44 AFP CANBERRA Australia's vehicle parts and components exports to Asia have expanded by more than one-third during the last five years, with prospects particularly bright for increased vehicle exports to China and Taiwan, according to the Foreign Affairs and Trade
        AFP  -  246 words
      • Article
        Lock icon Shenzhen, Zhuhai airports seek foreign investment
        374 44 NYT ZHUHAI, China Shenzhen and Zhuhai airports, two of the five airports in south China's Pearl River Delta region, plan to sell more than US$3OO million (***** million) worth of shares to foreign investors. Zhuhai Airport Corp is negotiating to sell up to 49
        NYT  -  374 words
      • Article
        Lock icon A$700m deal for 80 locomotives
        97 44 Reuter CANBERRA The Australian government's National Rail Corp has entered a AS7OO million (SS7SO million) contract with Howard Smith Ltd subsidiary A Goninan Co Ltd for the supply and maintenance of 80 locomotives, Transport Minister Laurie Brereton said in a statement. National Rail said in
        Reuter  -  97 words
      • Article
        Lock icon China motor firm sacks 14,000
        104 44 Bloomberg Business News HONGKONG Dongfeng Motor Corp has fired 14,000 workers in the biggest round of layoffs ever seen in a Chinese company, the Eastern Express reported. The truck manufacturer, in Hubei province in central China, also cut the amount of money it expects to
        Bloomberg Business News  -  104 words
      • Article
        Lock icon 2nd Thai airport: call for new site
        103 44 Bloomberg Business News BANGKOK Deputy Prime Minister Chavalit Yongchaiyudh wants to change the site of Bangkok's proposed second international airport to land owned by the TTiai Air Force, about 40 miles north-west of the capital, the Bangkok Post reported. Mr Chavalit said the
        Bloomberg Business News  -  103 words
      • Article
        Lock icon Bus plunges 50m into river
        84 44 AP WELLINGTON A weekend drinking binge ended tragically when a bus drove over the side of a bridge and plunged 50 metres into a rain-swollen river on the North Island. All 12 people aboard, including four children, were killed in the crash near Napier on
        AP  -  84 words
      • Article
        Lock icon Study on how to prevent bird-plane collisions
        282 44 BernamaXinhua BEIJING China has started its first research programme for the prevention of birdplane collisions by surveying the ecological environments for various animals in the Jiangbei Airport in Chongqing, a leading industrial city in south-west China's Sichuan province. The programme is jointly conducted
        Bernama- Xinhua  -  282 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1446 44 AIRCRAFT ARRIVALS DEPARTURES an mm n» mm n> MaM GA974 0020 Q882 2310 MaiaM* QF08I 1930 QF082 2055 aqaas 2120 >«ilnll« GA897 1305 GA974 0020 KL837 1450 KL844 0110 SQ327 1530 KL838 2300 SQ026 2355 SQ348 2230 ddaad NZ073 1545 SQ288 2045 SQ286 2040 NZD74 2340 B Sari »HW1 BM21
        1,446 words
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      45 31 BELIZE HONDURAS PANAMA REGISTER OF SHIPPING II LTD For registration of vessels, survey issue of Technical Certificates on behalf of maritime authorities of Belize, Honduras Panama Pakistan International Airlines faces stiff competition: Page 2 Bids soon for rail link between Bangkok, eastern seaboard: Back Page
      45 words
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      Page 31 Advertisements Column 2
      14 31 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 pjs see pg 3 for schabde
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      1867 32 BULLETIN BOARD I Griffin renames S African and HK units filfthfll n hart inn rPIPAQPQ UNA- PHMiBMw ift Aw®CHs CnmRM Durban-based Griffin Shipping Holdings has renamed its South African vlvUai V/l lul 111 iy cicaoco and Hongkong shipowning subsidiaries in a move to strengthen its "TrQAlfiiagtxir'' Seiji Fukatsu, president of
      1,867 words
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      Page 32 Advertisements Column 2
      216 32 Lines and union represented by /&22ro\ Members of the Registry of AccrsdHed Shipping Agents, Singapore National vaEjmfJ Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Business Times i WORLD ARGONAUT 12A» 15A» FttrVAtw/UK/Nanteo
      216 words
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      Page 33 Advertisements Column 1
      971 33 WHOLESALE CENTRE, BLOCK 1,103-10 SINGAPORE 0611 (12 LINKS) 1 in MWOOOW FAX: *****18/*****25 TLX: WS2«l2<V2aosa FSSHIP wr sunt surd obtrudon GWJMWO 14/95 14/W 14/W nAJU/MIfMMK NSDUXI 11/95 11/09 20/W POmUAAK/WITO tfa IV»S 13/W 14/W ntni/MMK Ma 13/95 13/W 14/W JAKAJM/MIMG GUfOttUO 17/95 20/W 22/W JAXAJW/NUMNG GUfSUUM 9/95 71/W 30/W JAJUftt/HUMNG
      971 words
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      Page 33 Advertisements Column 2
      1349 33 PAOFK SOUTH WEST EXPKSS (MKECT) Ivcsa voy gum sweip uu ow o» em as. Kt mom w* mom HUBBMWOOT m 14/99 15/99 >1/10 43/14 94/19 W/19 OS/If W/19 97/19 W/TO M/W iwy i—www m 21/w n/99 "w7ii~ 10/io H7io~ 12/10 12/10 13/10 14/19 is/i> 19/10 uu mi i«ii i m
      1,349 words
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      Page 33 Advertisements Column 3
      687 33 (g) HANJIN SHIPPING I—m wiai mm real i mJjblJ I a I -"j* w lIMIIMM PH Iff ffffl tt'" 1 mmmmbm liu lIS/WIIWB mm w/w M/w n/w 71/w l lIttlLL wlw* 1 wn Tyt in—m m» g/w vn% turn ISSmEm mii \nm\ mmmm im ii/w mmmm $m «/n m/ii m/ii
      687 words
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      Page 34 Advertisements Column 1
      773 34 *ssa w ham raw ant im ston pkhuhg sm w uo no sk iw w DBMBiaWfSS 34/733 jg ~IU~ 17/1 w7» «/t 12/* W~ It/T" "W OBSHMA 11/433 20/1 H/» 11/» 2VI 22/1 10/» 11/» IV> 21/1 lIM I IVM UIWICSHAmiEXFIBS 21/234 M M 27/1 IS/1 M W 21/1 7S/f
      773 words
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      Page 34 Advertisements Column 2
      1347 34 I NORASBTI VESSEL VOYSM ALO LAS BCL VAL HAM BRE HOT ANT FEL LHA NORASIA FWBOURG ttX-3 1M WW M/lt o*lo I*ll 11/10 11/11 NORASIA HONGKONG W7-3 IMO 1lfl« MTU WJJ *2! WW 1V IWW NORASU SHAIUAH H3I-3 27M 17/10 WW JVW n/M Wy% 2MI WN 24/10 2t/10 SI MOTIVATOR
      1,347 words
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      Page 34 Advertisements Column 3
      665 34 Bum^tm t JAPAN/HONQKONO/STRAITS REGULAR SERVICE LOADING FOR PORT KLANQ/PENANQ J j VESSEL VOY SPOK P.6UOAM |~MtG ffw lARCO H SU) MPT THMER MAJESTIC 1 MPT 14SEP 11 SEP E SANTA AMELIA I MPT 14SEP ISSEP SHMUNE3 1 13SEP 15 SEP I mm* is u sep ii SANTA ESMBtALOA 4 15
      665 words
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      Page 35 Advertisements Column 1
      1104 35 H STRAITS SHIPPING PTE LTD 11 Km CfelMf Mai #11-01 Ktppai tegw MM Trt; *****58 Fi: «Mll7 'Uj.IIIIJAJ.IJ.MJIBJI .MllllU■ffffWWl WW QUIHIA P*CtFIC UN* 1 niiun-ii rm g (a service <* chjna navigation co) (MHO Off |ML mwmtiM vhtc ■wa.Uk.n us* us* 148 m j"j j inn! am '-nriramiNia»ss■mmumi wi timmmn
      1,104 words
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      Page 35 Advertisements Column 2
      1662 35 PytvTl r^AfltsllP&O Container* (Singapore Agencies) Pte Ltd WLV/ VAIIIIHI 10 Hoc Chiang Road, #07-41 Kcppel Tower*, Singapore Q2tB First Class Connections WORLDWIDE pnocsp f«: 225 5327/222 7517 EXPORT IMPORT vcaao. woy -ma *pko hi aou mt war nam oot mi km mml wat oor mt ham aaa aou iw «u
      1,662 words
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      Page 35 Advertisements Column 3
      308 35 FoSfTMOUMP I PM. I PBI I JOM I m MM OP Ml |BjTW|TOK|M|KOi|OMC|BOj| IhMRMMMB |MM I «7M IMM I MJ MM 1M SM MM MM MM DM MIM lM>RtOStttMMl IMIM ImRT I 11M tt-ttM MM MM Mil IMMIMMI MM MM I 1| IaMNMniMHi US' rm ~am ii-aM nm am ~nm
      308 words
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      Page 36 Advertisements Column 1
      1080 36 ran MM ANN NM IMP LNV LMV TOP MM MM NM HI MP E. MYM. RW-K2 M tM M 1/11 1/11 VII I. HARDEN RE-MS 11* 14* 1M 1M 1M 11* IS* LREFMMMK 1M VII 7/M VM IVM IVM E.OANUIMM-M1 2M 21* 22* 2M 21* 1M 21* LMBUHMHa 24* 11/11
      1,080 words
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      Page 36 Advertisements Column 2
      488 36 a PH k wr iw_ *i ■sssj" ss as ss ss ss ss ss s I Hum onward nw-rsw t£S m *VM 1^ c ,vie I ■umchaht mtmm mm w* t r, n/w »v n/» tr""'"""' i I T AO YUAN Mil *M 2S I"" <T ">0 I cALiroRNu Sr-Sm
      488 words
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      Page 36 Advertisements Column 3
      282 36 wrrBLT,) FAfcmmMMma cunoc isTToaaooooc ACCEPTING FCL AMD CO! VENTIONAL VMMI VO* I SST i B«iiw Mr 7" i_ Afayo* 4TWB I 17/10 ttmmrn 4om mm ogxaji FULLY CONTAINERBEDKEGULARLfrMISEKVICR ACCEPTING BOTH FCL/LCL ALSO BQISOC *m* jgj IP. IH I—■ IJ» |c*TW riiinnoi ram taw mi |mm mn» N—yc- torn ~SB~ w«
      282 words
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      Page 37 Advertisements Column 1
      2053 37 i I r||to H VARNA, ODESSA AND |-HHS CMTAIIZAVIA i «HWMiiHMf4|M<i Mn«nM|' *o~rOtpt: COSTAR SHIPPING PTE LTD C c%£,'.. 4 .?%ZZ *""*"**%£s C 2XSJ3?%.m I ISSrXiV'* ZttmSSmm fZIXum 4 *~»«sm£Z3Sm «&ggi£ mm i <S2mihi OiISSL&L**.. Jommomct: tumult teflW h MrnmimiM' MM MM MM* mo. IW: 17-UUIH/117 hi. I 7 J«M>7>
      2,053 words
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      Page 37 Advertisements Column 2
      514 37 (j£ FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 LINES) I DAILY SAILINGI TO HONG^KDNfi ATTRACTIVE RATES! CALL FAMOUS FREIGHT FOR BOOKING SYLVIA KANG IVY TEL 224 1833 P KLANG PH: 0203/*****02 (10 UNES) PP4ANG PR 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 Imunrotn
      514 words
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      Page 40 Advertisements Column 1
      1059 40 1(1 H IIVESSEL VOY SIN JKT VESSEL VOY !2J sr "|vam VOY ax IKK !T 122 iS" —g-ffi"'"§= gM I^l**-!!! ll™ T T"™~ I™ 5T ISS ST ~^"B| ■r MATHII BHUM* 24<N_ Wd J3/00_ Jt_ JS/09_ nawA BHUM 106 Men IS/00 Thu 21/09 £21 -355- M 1 YANTRA BHUM 102N
      1,059 words
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      Page 40 Advertisements Column 2
      763 40 70 AW ON HOAO, •21-01, SIMOAPORI 0207 STRAITS tWUTTUI tjWQg PORT KLANO PEWA «aa w I m fw. vtna wr —S m 101 A 1409 THU 1609 SAT PRAfiOSMAS jjlN ggJjg XOURTWGGI ***** ISO9FRI 17.09 SUN XfUJR SPORE &BZ2 HfflTW IMUftL SEA LAUREL 423W 1709 SIIN 1609MQN LHOTSE SOW !Sfi£§£l
      763 words
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      Page 41 Advertisements Column 1
      675 41 i BSA ii. M MYANMA wBBk FIVE STAR LINE W (Myoflnar Notiaaal Um) w Loading for Yhju (Raagaoa) vtssa voy sin m km rot KIM AM 01/09 MP A-AN 21JW 15/01 MALAYSIA AGCNTV KWSTIAO SMPfMG AGOKKS KUL m 01-03-1417J00 TtL TO. 01-03-37*4101 P» IB 01-04-*****02 Kb IE 02-07-*****21/4 M NIGERIAN
      675 words
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      Page 41 Advertisements Column 2
      1047 41 I ADVANCE CONTAINER LINES (PTE) LTD A 140 Cacl Street #12-00. PIL Building, Singapore 0100 L TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********06 BANGKOK JAKAWA H Ulk*Ml~k li W, i uikm w nr. t ib lCh) (2S«Ntao«/WMt> ML>l<n 1 vaoaaL vor~~ mt man m y—. I
      1,047 words
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      Page 41 Advertisements Column 3
      836 41 **********Z |VEBBa* VOY aw LEHA»/RE HAMBURG THAME3PORT ROTTERDAM ANTWERPWLEDEVELA WON 12A» o*lo o*lo 07/10 08/10 00/10 v*if de caps-la Tim iawe iono 11/10 13/10 14/10 i«/io VBXE DE LIBRA LIIW 26AM 17/10 16/10 atVio' 21/10 23/10 VB-LE OE NORMA NIIW o*lo 2*lo 27/10 Wio 3*lo ALSO ACCEPTING CARGO TO ALL
      836 words
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      Page 42 Advertisements Column 1
      740 42 AFGHANISTAN MAM Afghanistan Ltd., OA ■kJH Hairatan, Torghundi, Islamqaia (Doqharun) mWmGCMWm C.1.5./RUSSIA: AJma Ata Ashkhabad. Baku, Dushanbe, I Milrtrpr Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, ILjLoi rj^iuai ftm■ Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny emanonai rorwaroers Mongolia; uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA
      740 words
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      Page 42 Advertisements Column 2
      901 42 a«MW CONTAINER LINES. INC I AgwrtK MAC-NELS SPORE: *****22 (24 UHES) ajCMNO:<MaHM«i m I-IWy- 1 HNkloMmin Kwumnan V v PENANQ: (04)*****6 BANGKOK: (662) 2)***** SURABAYA: <61) *****0 P. KELAMQ: (06) WM6TT JKT: (21)*****07 MON: (61)*****3 BAHDUWQ: {0)488—6 I ASIA HKG/TWM/BKK GENOA/EUROPE I PEN PKL SIN DAILY RECEIVING 9/9 10/9 11/9
      901 words
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      Page 42 Advertisements Column 3
      281 42 IoUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS VBSa Kl SM N PI DM CT ALAM 20/09 30/09 01/10 14/10 20/10 27/10 UMTDVI23 •Also calls E.L P.E. MALAYSIA AGENTS: PORTKHANG TG. MAM TIL *****00 TE: *****1 Sm AGENTS: KOTA UNAIALU lAWAU TH:*****7 TEL *****6 IS SB (FOREST PRODUCTS SERVICE) EUROPE SERVICE lAW
      281 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      124 43 REGIONAL WEATHER LEGEND: R. Thunderstorm Temperature c A, ■< r y Shower Weather Wind direction with tpeed in knot* ••Rain Cloudy Sky Wov h^9ht I ««Md» Hy with Hie wind Qy One M circle represents calm or fight and variable winds One half Heche represents 5 knots L-~ One h*
      124 words
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