The Business Times, 28 November 1995

Microfilm: NL20493
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 194/12/94 8& SINGA PORE Internet: http://www.asial.com.sg/biztimes TUESDAY, NOVEMBER 28,1995
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  • LATEST
    • Article
      Lock icon Gingrich out of US presidential race
      90 1 Reuter MARIETTA US House of Representatives Speaker Newt Gingrich said yesterday ne would not seek the Republican presidential nomination in 1996. The announcement ends months of speculation about his immediate political ambitions. *Wtfve decided we would explicitly definitely close the door so there's no
      Reuter  -  90 words
  • Article
    MARKET SUMMARY
    72 1 D 2j5M6 (+7 45) PI BTCOMP LI I*N&42 (+0.96) if 1 U MUBI (+6.99) mm MI■IKTMOWte MM llhmi groci Miner uumifl* Monday Chuff KLSE OOMP +125 NIKKEI 18*8.14 +***** HANG SENG 9,***** +85.12 SET INDEX 1412,41 -6.88 JAKARTA COUP 471* +4.00 MANILA COUP JW77J8. +51.71 TAIPEI WP! 4,719.04—+106.23
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  • Article
    FINANCE
    53 1 USS St 1.412 s— uu tm DM C7N ..MM VIM JJMu 1JM Ml OJSt QJtt MKI •129. 9.183 BAHT IMC.IM BUP1AH 10© MM O.N2 HOME BATES SINGAPORE* 144 KUALA LUMPUR 7* JAKARTA 17.60 BANGKOK USA MflfflA-- 11.00 TOKYO.., ZZZlS SEOUL-*. 12.60 ZUtiOf* 4175 AwMftoMlbMiu. "Ftet Owtal hut dbe«Mt rates
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  • Article, Illustration
    Lock icon Thakral offers 135m shares at 78 US cents
    795 1  -  Balk of offer to be placed oat to institutions in region with public getting 20 per cent By i Conrad Raj [SINGAPORE] Thakral Corporation, which controls the Chinese and Indian ventures of the Singapore-based Thakral family, yesterday launched an initial public offer
    ARTHUR LEE  -  795 words
  • Article
    Scotts' accounts qualified over $3.7m advances
    455 1  -  Lack of documentary evidence to back advances for fnJitn land deal By< Conrad Raj (SINGAPORE! Scotts Holdings' external auditors have qualified the listed company's accounts for the year ended June 30, because of lack of "documentary evidence" to support advances of $3,687 million for
    455 words
  • Article, Illustration
    Charles Yeo to lead Sembawang's food arm
    514 1  -  Group eyes Pepsi franchise and will take 28% stake in Salim's abattoir By 1 Lee Han Shih [SINGAPORE] Food and beverage that's what Sembawang Corporation is moving into next as it diversifies away from the marine sector. Sembawang has brought on board Charles
    514 words
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      98 1 1 —WiTaWIE Tkikni Of) taata W, tpg. GIC has a stake in company. That in itself could attract considerable interest Lia^ pg. That YHS shares are still suspended from trading could work in SembaWang's favour. izteeh charts avga aa Cfcaatha cfcaagH aM, pg 19. Expected. But episode highlighted Aztech's vulnerability.
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      3 1 K I v
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore is world's second freest economy: US report
      213 2  -  Country one of only II with open trade and investment climate Prom) Leon Hadar in Washington SINGAPORE has the secondfreest economy in the world, according to prestigious American think-tank The Heritage Foundation. Singapore "has made remarkable (economic) progress by maintaining an open
      Source:; JEN CHUA  -  213 words
    • Article
      Illegal workers caught at Wing Tai project
      151 2 MORE than 200 of the 917 foreign workers at Wing Tai Holdings' Maplewooda condominium project in Bukit Timah were detained in an early-morning raid yesterday. The Labour Ministry said 193 were held for not having valid work permits, eight were handed over to
      151 words
    • Article
      How to measure economic freedom
      633 2  -  By, Anna Teo THE greater a country's level of economic freedom, the higher its living standards, says The Heritage Foundation's Index of Economic Freedom. But what constitutes economic freedom? The US thinktank has laid out 10 criteria, each of which carries a score of 1
      633 words
    • Article
      Low wages could hamper development of IT hub here
      439 2  -  Association says gross salaries of many IT workers fell this year By] David Mok SINGAPORE could face problems In becoming an Information technology hub If the wages of some IT workers are Assoc lain Its annual IT salary survey, released yesterday,
      439 words
    • Article
      Roy Eastern opens French watch boutique
      156 2 LOCAL firm Roy Eastern Watch has formed a joint venture with French watchmaker Mauboussin Horlogers to open the first Mauboussin watch boutique in South-east Asia. The venture, Arch Time Concept, is 60 per cent owned by Roy Eastern and 40 per cent by Mauboussin
      156 words
    • Article, Illustration
      Lock icon October wholesale prices firm
      321 4  -  EYE ON THE ECONOMY Prices Teh Hooi Ling WHOLESALE prices are holding firm, latest figures from the Department of Statistics show. The Manufactured Products Price Index for October was 80.8 points, just 0.2 of a percentage point higher than a year ago. Compared with September, last
      Source: Dept of Stats; ALLAN  -  321 words
    • Article
      Sicom appoints taskforce to review rubber trading system
      241 4  -  fteport will be ready by the and of the year J*: Siow Li Sen SINGAPORE'S rubber futures trading methods are being reviewed, after months of debate iqp whether change is needed. The Singapore Commodity JExchange (Sicom) has appointed a four-man taskforce to
      241 words
    • Article
      Dr Hu sees firm 1996 property market
      361 4  -  Land sale programme will continue as developers can adapt their plans to timing of releases By\ Michelle Low THE property market should stay "firm and strong" next year, in the face of softening in the condominium market, said Finance Minister Richard Hu yesterday.
      361 words
    • Article, Illustration
      Lock icon Lane Crawford turns specialist for turnaround
      397 4  -  By, Jenny Lam LANE Crawford is changing tack to get back into the black. And the new course being charted involves a store wide retrofit. The department store, which cut back its operations substantially in April, will now pitch itself as a specialty fashion
      CHRIS LOH  -  397 words
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      285 2 A PC Server offerso good, everyone will want to take Notes Tm f (Unless, of course, you'd prefer a package that delivers Mail) It's reassuring to know that IBM PC Servers The IBM PC Server 310, 320, 500 and 720 models offer you all the quality, reliability and affordability all
      285 words
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      Page 2 Advertisements Column 2
      120 2 Our Guests Enjoy Longer Lunches t *yjL 9 JL£ With over 70 dishes for you to eat your way through, our Hai Xiang Restaurant's jfe Eat-All-You-Can Cantonese Buffet is also our longest ever. And our most popular •*4 Because it's all served a la carte Neat isn't it? hai xiang
      120 words
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      336 3 Have you now reached the stage in life whereby the opera' is quite remarkable drag coefficient of just 0.31. any misinterpretation of road conditions. no longer intimidating? Db you now mix with the well-heeled and A shape enhanced hy an extensive four-layer paint process (rather Yet should the car have
      336 words
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  • Page 4 Advertisements
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      269 4 Super Business Class now offers a super-wide 82-inch seat pitch! extended seat pitch in super A vera g e seat pitch i n 11. .?ti ■I. *****111 I M 11, 4H 11 Business Class (other airlines). 38 50 inches (0.96 1.27 m) KT* H ana is proud to be one
      269 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      The taxman gaineth
      673 5  -  THE PROPERTY COLUMN Property tax collection will hit a record this year and could exceed $2b next year By Lee Han Shih IT is no surprise that property tax collection will hit a record this year. The question is how big the taking will be. By September,
      673 words
    • Article, Illustration
      Newly launched and 67% sold
      306 5  -  The Pidemco Land units are going for between $429,000 and $L 5 million By, Ang Wan May [SINGAPORE] Pidemco Land has found buyers for more than two-thirds of the Northvale condominium units it put up for sale recently. The company, which launched the condo project
      306 words
  • Page 5 Advertisements
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      64 5 Le,m FOR LEASE FORM INDUSTRIAL BUILDING T«mplw« St 92, ttngapor* i 19 tP*? Brand new 6-storey light industrial building Floor araa from 15,800 aqf to 47,400 aqf <* Excellent corporate Image Only 7 minutes drive to Chang I Int Airport g All-weathered loading/unloading facilities n Available February 1996 For further
      64 words
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      142 5 Knight Frank invest m a e M Cheung Hock Chve Bai 11 ieu oMLIo U» K;i!llt Ou.i\. I i-ohs: liiiiUlinu siimiipun H4SSSI. Ka\: 224 5X4* idL dZL IO O O It come as no the Towers has been one the ten course may have "AT SHERATDN TOWERS. DF COURSE." our
      142 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon S'pore group gets Hanoi nod to develop $1b resort
      331 6  -  SINGAPORE Consortium raises investment in central highlands tonrist spot from initial $700 m By: Harish Mehta A SINGAPORE consortium has won the backing of the Vietnamese tourism authority to develop a 5,000 ha hill resort in Vietnam's central highlands tourist destination
      FRANCIS  -  331 words
    • Article
      Lock icon Vital projects won't be put off: Anwar
      129 6 KUALA LUMPUR Bernama DEPUTY Prime Minister Anwar Ibrahim yesterday assured the people that major projects important to them and the nation will not be rescheduled. He listed the Kuala Lumpur Airport (KLLA) project in Sepang, Putrajaya (the new super-city outside Kuala Lumpur) and
      Bernama  -  129 words
    • Article
      Lock icon A boost soon for Made-in-Malaysia?
      247 6 KUALA LUMPUR Supermarkets may have to carry a ratio of local goods Bernama THE Domestic Trade and Consumer Affairs Ministry is expected to fix the percentage of locally-manufactured products to be sold in supermarkets, megamarkets and hypermarkets with a view to making it a condition
      Bernama  -  247 words
    • Article
      Lock icon Rahim acquitted of two land graft charges
      161 6 MALACCA AFP A FORMER Malaysian state minister, cleared last year of a sex charge, was yesterday acquitted by the High Court of two corruption charges involving two land deals. Judge Azmel Ma'amor acquitted Rahim Thamby Chik, former chief minister of southwestern Malacca state,
      AFP  -  161 words
    • NOTE Book
      • Article
        Lock icon Freeing cellular phone sector to cut fees
        76 6 AFX-Asia [BANGKOK] Transport and Communications Minister Sombat Uthaisang said the government plans to liberalise the cellular telephone industry as a means to lower monthly service charges. Bisnews quoted Mr Sombat as saying that negotiations between the ministry and those companies holding concessions for
        AFX-Asia  -  76 words
      • Article
        Lock icon Mexican cement for Malaysia
        76 6 Bernama (KUALA LUMPUR] Cemex, a major cement manufacturing concern in Mexico, has struck a deal to supply a total of 540,000 tonnes of cement and clinker far the Malaysian market, besides an option to supply another3oo,ooo tonnes by the middle of next year. Of these, 40,000
        Bernama  -  76 words
      • Article
        Lock icon Taipei firm to invest NT$3.3b in Thailand
        68 6 Reuter [TAIPEI] Tycoons Group Enterprise, one of Taiwan's leading screw and steel wire makers, said it plans to invest NTS 3.3 billion (Ssl7o million) In a screw and steel wire plant to Thailand. Finance manager Chen Cheng-tai said the project was aimed at
        Reuter  -  68 words
      • Article
        Lock icon Watchdog body for Viet beverage market
        80 6 Bloomberg Business News [HANOI] Vietnamese governn»nt officials have set up a body to oversee the growing beverage market, die Vietnam News reported. The Vietnam Dever—> and Soft Drink Corp will take in 16 member companies, Including seven joint ventures with foreign investors in beverage
        Bloomberg Business News  -  80 words
    • Article, Illustration
      Lock icon Swiss banks in talks over Marcos' accounts
      266 7 LOS ANGELES LAT IN an attempt to avoid a frontal assault on the secrecy of their operations, two large Swiss banks will hold a high-powered bargaining session in Hongkong that could generate significant payments to 10,000 Filipinos, the Los Angeles Times has learned.
      LAT  -  266 words
    • Article
      Lock icon Thai economy's growth rate likely to fall to 7.9%
      291 7 BANGKOK Expected interest rate rises set to hurt consumption and investment Reuter THAILAND's economic growth is set to slow to 7.9 per cent in 19% from a projected 8.6 per cent rise in 1995 due to tighter liquidity and expected higher
      Reuter  -  291 words
    • Article
      Singapore Network Services signs Subic cybercity MOU
      276 7  -  MANILA Affiliate in deal to set np freeport's IT infrastructure By. Al Labita SINGAPORE Network Services (SNS) has forged an agreement with the Subic freeport in the Philippines to establish a "cybercity" there within the next decade. The agreement was in the form
      276 words
    • Article
      Lock icon Banharn denies reports his party took bribes
      219 7 BANGKOK AFP PRIME Minister Banharn Sil-pa-archa yesterday denied Swedish reports that his Chart Thai party had been bribed by a Swedish industrial group vying for a contract to supply submarines to Thailand. Mr Banharn told local reporters that the allegations were "impossible" and
      AFP  -  219 words
    • Article, Illustration
      Lock icon A betel nut welcome to Vietnam
      55 7 [HANOI] Vietnamese girls in traditional dresses inviting a foreign guest yesterday to taste a bt p7betel nut, a common Vietnamese tradition during a welcoming ceremony, at the Vietnam International Travel Fair, the first ever international tourism fair held in Hanoi. Some one million foreigners
      AFP  -  55 words
    • Article
      Lock icon IMF official says Philippine economy on right course
      139 7 MANILA Reuter INTERNATIONAL Monetary Fund deputy managing director Alassane Quatarra said the Philippine economy was on track to become a newly industrialising country. "The charting of the economy has a very good growth path," Mr Quatarra told a news conference after meeting
      Reuter  -  139 words
    • Article
      Lock icon Jakarta to lift trade barriers further
      174 7 JAKARTA AFP XVU. ULIVA INDONESIA will launch afr economic deregulation pado> age around the end of 199$ which includes reducing tap iffs and lifting non-tariff barriers, Coordinating Mini£ ter of Trade and Investment Hartarto said yesterday. Mr Hartarto, speaking t$ journalists after meeting ident
      AFP  -  174 words
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      419 6 THE UNIVERSITY OF HULL England 1927 M "OVER t.OOO MANAGERS AND EXECUTIVES ALREADY ON KiJ HULL'S MBA PROGRAMMES IN SINGAPORE" I MBA Hi "ONE OF THE MOST ESTABLISHED IN SINGAPORE" ||HT9ff| Hp COMMENCING IN JANUARY 1996 First to offer TQM and a Systems Approach to Creative mjJPJJj Problem Solving the
      419 words
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      64 7 Regional Newspapers Subscription Centre The Most Authoritative Business Paper in India. r v -$$X\ Get your Economic Times of India NOW!! Call 348 7838 or fax 345 9150 today! Sole Distributor: 5 Other Papers Available: Asia Wall Street Journal, China Daily, Times of India, South China Morning Post, Chinese papers
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      127 7 c~\' i 4 There, are many i --N KfTts d i exploring the depths, not searching the shops f J for the aland S(^^^^zen, of features to needs and *~y P water sensor for aiito selection Mr dive time ajarm n membry Explore a Rapid asrem warhm^^ Analog Aqualand Hyper
      127 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Foreign investors in China may lose some tax perks
      380 8 BEIJING Mm necessary because of planned drastic cuts on import tariffs, says deputy minister AFP A SENIOR Chinese official confirmed yesterday that some preferential tax policies for foreign-invested enterprises (FIEs) would have to be eliminated following planned cuts on import tariffs
      AFP  -  380 words
    • Article, Illustration
      Lock icon Hand-made cars
      33 8 [CHINA] Employees at the Jiaozuo Bus Manufactory in central China's Henan province assembling 'Changjian 'cars by hand. The low-tech township-owned factory produced 4,000 cars in 1994 without any foreign aid. AFP
      AFP  -  33 words
    • Article
      Lock icon Earlier yuan convertibility likely
      109 8 SHANGHAI Reuter CHINA'S tariff cuts next year are likely to quicken the pace of making the yuan convertible and probably lead to a decline in its value, the Shang-hai-based Business News said. The yuan's convertibility relies on market-driven for- eign trade and the cuts will promote
      Reuter  -  109 words
    • Article
      Lock icon Tight credit policy for next five years: Zhu
      125 8 HONGKONG AFP CHINA will pursue tight credit control policies for the next five years, Chinese Vice-Pre-mier Zhu Rongji, was quoted as saying yesterday. The government's economic supremo said China had to restrict credit for the ninth five-year plan from 1996-2000 "to improve
      AFP  -  125 words
    • Article
      Brisk bidding at HK land auction lifts mood
      354 8  -  HONGKONG By< Quak Hiang Whai DESPITE a sluggish property market, two plots of government land were sold at prices above market expectations at a public auction yesterday. The plots were sold after some brisk bidding but the usual big players stayed away
      354 words
    • Article
      Enron over-charged Indians, says Wu
      188 8 ■HONGKONG HONGKONG tycoon Gordon Wu said yesterday that Enron Power Corp of the US had charged too much for electricity from its failed power plant in India. Mr Wu, chairman of Hong-kong-based Hopewell Holdings Ltd, said foreign businesses needed to create goodwill by providing services
      188 words
    • SINO Brief
      • Article
        Lock icon China provinces seek say in post-97 HK
        45 8 Reuter [HONGKONG] Chinese coastal cities and provinces are lobbying hard to get on the Preparatory Committee which will set up the administration that will run Hongkong after it reverts to Chinese rule, the Apple Daily reported yesterday. —Reuter
        Reuter  -  45 words
      • Article
        Lock icon Sony's new precision parts unit
        44 8 AFP [TOKYO] Leading Japanese consumer electronics maker Sony Corp said yesterday it had set up a precision components production and sales company at Huiihou, Guandong province, to make optical pickups for compact discs (CDs) and CD-ROMs (read-only memory). —AFP
        AFP  -  44 words
      • Article
        Lock icon ABB to invest US$500m in China
        47 8 Bloomberg Business News [BEIJING] Switzerland's Asea Brown Boveri Ltd will invest US$5OO million (***** million) in China in the next three to four years in Joint ventures manufacturing locomotives and large motors and generating power, the China Daily reported.—Bloomberg Business News
        Bloomberg Business News  -  47 words
      • Article
        Lock icon 160b yuan investment needed
        35 8 Reuter [BEIJING] China's central and local governments will have to invest 160 billion yuan (5J26.6 billion) to boost grain production to 500 million tonnes by 2000, the China News Service said.—Ratter
        Reuter  -  35 words
  • Page 8 Advertisements
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      121 8 Bjß REAL-TIME ACCOUNTING SOFTWARE Last chance to buy at current prices, valid up to 30 Nov 95 only! WoridWldtWtb http7/www.fact.com.sg E-mail info fact. com. sg Toll Fret 1800-*****32 your business can wo regional without the nsnal overheads. s rl "^pl I w I VMM PiF 1 rH Wm Wmkk L
      121 words
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      8 8 Hopewell not having debt problems: Wu, Pg 20
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  • ASIA
    • Article
      Lock icon Roh's slush funds: Hanbo chief charged
      204 9 SEOUL Reuter AFP SOUTH Korean state prosecutors yesterday indicted the chairman of the Hanbo Group, Chung Tae Soo, on a bribery charge connected with expresident Roh Tae Woo's slush funds, a prosecution official said. "He was indicted today," the official at the ProsecutorGeneral's Office
      Reuter; AFP  -  204 words
    • ASIA Notes
      • Article
        Lock icon Tokyo to cut overseas aid to all-time low
        45 9 AFP [TOKYO] Japan's finance ministry plans to curb the annual growth rate in the government's overseas aid budget to an all-time low of about 3 per cent in the year starting next April, a newspaper reported yesterday.
        AFP  -  45 words
      • Article
        Lock icon Italians invest US$151m in India
        56 9 UPI [NEW DELHI) Italian companies Invested more than U*****.65 million (Ss2l4 million) in India in the first seven months 0f1995, making Italy the fourth largest investor in India this year, the Economic Times newspaper reported yesterday. The US was die largest investor in India, pouring
        UPI  -  56 words
      • Article
        Lock icon 5.8% rise in bets placed on horses in NZ
        78 9 Bloomberg Business News [WELLINGTON] Betting on horse racing til New Zealand increased 5J per cent to NZ$839.8 million (S$772 million) in the year ended July 30, said the Totalisator Agency Board i (TABX The TAB paid out NZ$060 million in winnings.
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Fugitive Skase may have been seen in KH
        29 9 AFP 7 hilllon* rXlaDse rfhis Ointex A»l-0 WIUwU \vf*- UIUIUU/ w/uajrac rn-T--ji nnrf nunii t nmnirn fn IQRQ AFP meaia-ana-reso y
        AFP  -  29 words
    • Article
      Japan's carmakers vie for home turf
      688 9  -  TOKYO As the yen erodes overseas profits, the battle is on to grab the domestic niche markets By, Anthony Rowley DIFFERENT parts of corporate Japan experienced varying fortunes in the first half of the current financial year but none more so than the automobile
      688 words
    • Article
      Lock icon Willis sees slower Aussie growth
      244 9 ■SYDNEY But Treasurer says economy will maintain unbroken spell of growth AFP Reuter AUSTRALIAN Treasurer Ralph Willis warned yesterday that the economy would slow from the 3.7 per cent recorded at the last quarter, but said a record unbroken spell of growth was set to
      AFP; Reuter  -  244 words
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      144 9 f >. cay V -A w* ir: I W -r TTw, ■ar MP Ewf r V «C 'H' »W.« W if:', .'V 'V.- -*v y ..<* .yr? t t .-i. -t, i* <» r v v > V i 7" /I e cool morning breeze, #r: .»<,% s T" v
      144 words
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      Page 9 Advertisements Column 2
      41 9 CmrambminAsia-Pac countries to hit 3m, Shipping Pg 16 1 Marina House 70 Shenton Way Immediate occupation Professional to Pagar T U»rlf«»4n« ■■■!<■ -WW le Marketing Agents I MM HOMQUEOMQ HOUMNQSim HAfl /%<*/\ AAI 1 220 9911 B Edmund Tie Company W 293 3228
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  • THE WORLD
    • Article
      Lock icon Investing in US telecoms industry
      363 12 WASHINGTON FCC set to adopt new rnles for foreigners wanting piece of US market Reuter IN AN effort to pry open overseas communications markets for American companies, the Federal Communications Commission is set to adopt new rules governing foreign investment in the US telecommunications industry.
      Reuter  -  363 words
    • Article
      Lock icon Murdoch's not paying UK taxes?
      182 12 LONDON UPI MEDIA mogul Rupert Murdoch has paid virtually no British taxes in the past 10 years despite making profits of £1 billion (552.2 billion). The Independent newspaper yesterday said Mr Murdoch's News International Company, which owns The Times and The Sun, had managed to
      UPI  -  182 words
    • Article, Illustration
      Lock icon Hamming it up for the pigs
      53 12 [PSKOV, Russia] A Russian army conscript smiling as he pretends to command a line of pigs in a paratroopers regiment here on Saturday. The Russian army looks for additional income to supplement a soldier's daily ration by organising farms and growing vegetables inside its
      REUTER  -  53 words
    • Article
      Lock icon France, Germany discuss single currency issue
      221 12 BRUSSELS Differences between the two threaten to delay whole project AFP FRANCE and Germany's finance ministers held talks here yesterday in a bid to overcome differences over the timing of a decision on a single European currency, officials said. The meeting between Germany's Theo
      AFP  -  221 words
    • WORLD Watch
      • Article
        Lock icon US home resales fell
        75 12 Bloomberg Business News [WASHINGTON] US home resales dropped unexpectedly for the first time In six months in October as Americans concerns a bout job losses overshadowed a decline in mortgage rates to a 20-month low. Sales declined in all regions of the country, pushing down the
        Bloomberg Business News  -  75 words
      • Article
        Lock icon Oct US-made machine tools orders up 8%
        47 12 Reuter [WASHINGTON} Orders for US-made machine tools rose 8 per cant in October from a month earlier, an industry trade group said. Total orders rose last month to U*****.2 million <***** m ill ion) from U*****.4 mill km in September.—Ratter
        Reuter  -  47 words
      • Article
        Lock icon Ashdown attacked at knife point
        52 12 AFP [YEOVIL, England] Liberal Democratic leader Paddy Ashdown was threatened at knifepoint on Sunday night while on an inner-city tour by a man who jumped from an angry crowd, held a blade to his throat and said he would kill him. Police quickly subdued the
        AFP  -  52 words
      • Article
        Lock icon Another free trade area in the making?
        59 12 Reuter (BARCELONA) The 27 nations which met yesterday to build a new Euro-Mediterranean partnership are setting a formidable target in seeking a free trade area by the year 2010. The IS European Union and 12 Mediterranean nations sit down together for the first
        Reuter  -  59 words
    • Article
      Lock icon Watchdog to screen 300,000 trades daily
      160 12 FRANKFURT Bloomberg Business News GERMANY'S securities oversight agency plans to monitor as many as 300,000 trades daily when a new law takes effect next year requiring securities dealers to register all trades on a common computer. The Federal Supervisory Office for Securities Trading said
      Bloomberg Business News  -  160 words
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      378 12 r THE COMPANIES ACT, CHAPTER 96 SECTION 296(2X8) NOTICE Of HWOiWTIOM fINWa TAKAMA6NI (S) PTE LTD 0N MEMBERS* VOLUNTARY UQUIOATION) At an Extraordinary General Meeting ol Chufca Takahaahl (S) Pte UdheMM 36-4 NaionbaahiI lahoiaMcho, Chuo-ku, Tokyo 109, Japan on the 21 si day ol 6 fiAC IfkJLkMJguß iiOVftTlOwf iMaO, iDf
      378 words
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      Page 12 Advertisements Column 2
      409 12 M THE MATTER OF THE COMPAMES ACT, CAP. 90 AND M THE MATTER OP ANONAE ASIA PTE LTD (M MEMBERS'VOLUNTARY UQUDATON) NOTICE OF PBtAL MEETMQ NOTICE IS HEREBY GIVEN pursuant to Section 306(1) ol the Companies Act Cap. 50 that the Final Meeting ol Members of the Company wS be
      409 words
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      Page 12 Advertisements Column 3
      434 12 NOT I C E S IN THE MATTER OF THE COMPANIES ACT, CAP. SO TREND MARKETING (S) PTE LTD (M Voluntary Liquidation) At an Extraordinary General Meeting of (ha members of TREND MARKETING (S) PTE LTD diiy convened and held at 6001 Beach Road *14-01 Golden MHe Tower, Singapore *****9
      434 words
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      Page 12 Advertisements Column 4
      361 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DORMARG HOLDINGS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the member* of Doonarg Holdings Pie Ltd duly convened and held at 459 Tagore Avenue, Singapore *****8 on 24 November 1993, the following
      361 words
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      Page 12 Advertisements Column 5
      376 12 THE COMPMKS CAP. SI TULLETT A TOKYO TRADING PTE LTD (In Liquidation) Extract of the minutes ot an Extraordinary General Meeting signed by the Representative of holding company relating to proceedings of subsidiary company pursuant to Section 179(6) of the Companies Act Cap. 50 on 23rd day of November, 1995:SPEOAL
      376 words
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      Page 12 Advertisements Column 6
      263 12 CHAPTER 90 AND IN THE MATTER Of DORMARG HOLDINGS PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditor* of the abovenamed Company, which is being wound up voluntarily, are required on or before 29 December 1995 to tend in their names and addresses and the particulars of
      263 words
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      Page 12 Advertisements Column 7
      23 12 v h* i rr A quick look at the markets. For Financial News, call 1900-913-0001, 1 I at 30 cents r a minute.
      23 words
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  • FOCUS
    • Article
      SM Lee: China doesn't need mediator
      1746 13  -  Full text of Senior Minister Lee Kuan Yew's interview with the German financial daily Handelsblattlast Wednesday By Peter Seidlitz Christoph Rabe QUESTION: We wonder if despite all the rhetoric and the war games across the Taiwan Straits, back channels exist and that you might
      1,746 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      163 13 The University of Michigan HMHHH Business School I STRATEGY I I SEMINAR I H A stimulating five-day seminar for experienced senior executives who have or will have responsibility for I I strategic planning decision making I 1. Analyse and formulate the overall strategies of your H H organisation. H 2.
      163 words
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      Page 13 Advertisements Column 2
      289 13 L* Tel: 9720-5018 8323E3 I SINGAPORE Per: 9518-0039 WwlfimMm Over 500 offices uoriduide' H(| Just some of our successful transactions.... HfljMlnM ||HB Mr Raymond Cbou j j 4t fen IMe xngapun > success didn't just 0015^ happenedoivrnttf* Clients HOLLAND HILL MANSION trusted us because of our More than 43 units
      289 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      NTUC has role in globalised workplace
      856 14  -  THE BOTTOM LDVB OPINION By Koo Tsai Kee The writer is an MP for Tcmjong Pagar GRC THE paramount worry of trade unionists and politicians is how globalisation will impact on the employment prospects of workers. In a global economy, workers are subject to
      856 words
    • Article
      IN OTHER WORDS
      123 14 'We never win. This is a no-win game.' n- M«ha»lifa» l»«t«ii«^ Umno president, on foreign media assumption that support given by party members to the two of them was the result of scheming by him and his deputy, Anwar Ibrahim. 'It's really getting down to a question
      123 words
    • Article
      Fire and safety in Thailand
      552 14 EDITORIAL IF it were not for the fact that lives were lost, the recent spate of Bangkok department store fires over the past five weeks could be turned into a hit comedy series on TV. At The Mall department store, firemen discovered their hoses did
      552 words
    • Article, Illustration
      Candidate Clinton avoids trade disputes
      891 14  -  White House doesn't want international trade to turn into hot election issue By) Leon Hadar The writer is BT's Washingtdfr. correspo fyeit SOME analysts were surprised by the back-seat role the United States took at the recent meeting of the Asia-Pa-cific Economic Cooperation (Apec) forum
      891 words
    • Article
      Unwarranted restrictions
      324 14  -  MATT-PA^ Tan Boon Tiong RECENTLY, I made some enquiries regarding the exercise of some Goldtron Warrants 95 with the registrar, Barbinder and Co, and the Goldtron company secretary. I was quite disappointed to learn that the registrars will only accept a cashier's order or bank draft as payment
      324 words
    • Article
      Amused by Lexus review
      301 14  -  Sutjahjo Ngaserin BEING a satisfied owner of Lexus ES3OO, GS3OO L 5400,1 am somewhat amused by Christopher Tan's review of the GS3OO (Superb sedan, average Lexus; BT, Nov 23,1995). While it is futile to take issue with a reviewer's subjective opinions, who has every right to
      301 words
    • Article
      WHAT THE OTHERS SAY
      174 14 AT AN unofficial meeting last month, China, Taiwan Vietnam, the nei and Malaysia thi nations that have claims td the Spratly Islands agreed to investigate the ecosystem of fiah and coral in the South Chirk Sea and to embark on joiit ventures to establish sea lants
      174 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      33 14 POOHBSBDRY-gy Gary Trudeau J Aucap) MY NAME'S f IT TAKE 3 A LOTOF6UTB 1 SAVIN6 7 THEY JUST SPENP HAPPY I MCAUZRI] t&MAf. GQtMZ PUBLIC ON 7HZAIR. w,p him LM& Pte-M WFOfiYOUWL** S
      33 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Ceramics showcase
      718 15  -  The Soobin exhibition gives Singapore a taste of current trends in Chinese studio' ceramics, says iolalbmb IOLA LENZI SOOBIN Art Gallery is currently presenting an exhibition of contemporary Chinese ceramics, Best Works of Jingdezhen Ceramics and Porcelain Artists. Organised in tandem with China's Jingdezhen Yuding Institute and Eastern
      718 words
    • Article
      Important Picasso collection goes home
      397 15  -  ART Daughter-in-law of artist in negotiations with Malaga authorities By] Richard Bastin [SEVILLE] The southern Spanish city of Malaga, birthplace of artist Pablo Picasso, is finally to win its proper place in history. The city, which only has a few of Picasso's works and lost
      397 words
    • Article, Illustration
      Director with a passion
      1070 16  -  PROFILE Is Martin Scorsese not good enongh for an Oscar? Or is the real obstacle the kind of film* he's making Bernard Weinraub [HOLLYWOOD] Martin Scorsese was recalling his childhood the other day. As a boy, he would sit at a kitchen table in the Little
      1,070 words
    • Article
      Lock icon Bergman leaving theatre to focus on writing
      445 16  -  PEOPLE Swedish director to retire to his Baltic home next year IV- Eva Ahlberg Reuter [STOCKHOLM] Swedish director Ingmar Bergman said he would bid a final farewell to the theatre next year to focus on writing after 50 years of producing for the
      Reuter  -  445 words
    • Article, Illustration
      Lock icon Making use of the royal name
      428 16  -  PEOPLE Byi Gilly Filsner Bloomberg Business News [LONDON] At first glance, the Prince of Wales doesn't have much in common with movie star Paul Newman. Yet like the actor. Prince Charles has branched out from his full-time job, as heir to the British throne,
      Bloomberg Business News  -  428 words
    • Article, Illustration
      A rainy day finds Hyatt Regency on top
      329 16 GOLF THE HYATT Regency Singapore fought its way to the top of the Golfing World/Business Times Corporate League on a rain-soaked Seletar Golf Course last Friday afternoon. The players were afraid the second leg of the league would have to be postponed
      329 words
    • Article, Illustration
      Lock icon Wu's bitter campaign against China
      1337 18  -  PROFILE Chinese dissident's mission is to expose China's gol&g By* Christian Tyler FT HARRY WU was in Europe last week asking people not to buy Christmas lights or toys from China. "It is a time of goodwill when you buy things for children," said the
      FT; AFP  -  1,337 words
    • CHATTER Box
      • Article, Illustration
        Lock icon Christmas with the Peanuts
        129 18 NYT A CHARLIE Brown Christmas has been a holiday staple oh television for 30 years, but the Peanuts cartoonist, Charles Schulz, says he is ashamed of the artwork In the Christmas special. "The continued success of the special has surprised me as much as anyone," Schulz
        NYT  -  129 words
      • Article
        Lock icon Cookbook from Letterman's mother
        66 18 NYT IN September, Pocket Books, a division of Simon Schuster, paid US$l million (Ssl.4 million) for Home Cookin' with Dave's Mom by Dorothy with Jess Cagle. Dorothy is the mother of David Letterman. So, what could be in a million-dollar cookbook? "A couple of hundred recipes
        NYT  -  66 words
      • Article
        Lock icon Jeff Bridges the happy baby
        46 18 UPI ACTOR Jeff Bridges made his movie debut as a six-month-old infant in the 1960 movie The Company She Keeps. He was a happy baby who refused to cry on cue, so his mother told the actress to pinch him. UPI
        UPI  -  46 words
      • Article
        Lock icon No more marijuana for O'Rourke
        33 18 UPI WRITER P J O'Rourke, proud to be a conservative, was asked by Tom Snyder whether he still smokes marijuana. "No, It makes you sensitive," O'Rourke replied. UPI
        UPI  -  33 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      198 15 The World's Uj c KCQfi l Love It! LONG BEACH MARINA SEAFOOD RESTAURANT Te1:*****22 •01-01 Planet Minna 31 Marma Park (Car Park A) Singapore *****1 Op«n Daily 5.30 pm 1 30 am For «nquiriM lOffica Hours) Tel: 338 9398 Fax: 338 6398 ■■nWißfifl it the T3P 8 S Bar. There's
      198 words
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      Page 15 Advertisements Column 2
      20 15 Favourite Beer. EH vik* BMpaa ■■■■■■J Fashion Slum Ladies' Nile on every on every Tuesday Thursday nite One for one
      20 words
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      Page 15 Advertisements Column 3
      254 15 I LUNCH OR DINNER, I I FEAST ALL YOU [CAN! K That's over 50 delightful ;g js dishes in all! Featuring the best talked about seafood and Cantonese cuisine. a 9 All you can eat. {I Complimentary platter of JB Suckling Pig and Guiling jjt Herbal Jelly. v I Lunch:
      254 words
    • Advertisement
      Page 15 Advertisements Column 4
      225 15 WHERE TO WINE, DINE AND ENTERTAIN F== r Where can we bring the jUflXAid&d' for dinner? Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIRSP IFfl seafood restaurant Offers more
      225 words
    • Advertisement
      Page 15 Advertisements Column 5
      197 15 ra s s~= =-4 I fancy 'Beijing? Then, vfe'rt delighted to suggest tfu fine Court far a memorable dining experience. Our lunch menu offers a variety of dian Xtn 'Beijing dumplings, a selection of MKRJT' set menus, and 'Beijing specialities HaA such as "Beijing Ha/yd Tench and Jqh cwt Marinated
      197 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      145 16 Qo4iq/udulcJUo4iA, E§ Solmac Developments Pty Ltd's Centennial Park For Winning The Prestigious 1995 Urban Development Institute of Australia (UDIA) Award For Innovative Designs A Housing Industry Association (HIA) Award For Quality Construction Here's your last chance to join with 25 other happy Singapore Investors at Centennial Park, Ashmore. ONLY 5
      145 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      219 16 THE WEATHER Singapore: Partly cloudy, with showers over several areas in the predawn, and again in the late afternoon and early evening. Temperature (24-31) Asia-Pacific Hi/Lo* Cood. Europe Hl/Lo* Cood. America HVU* Coot Auiland *13 Omrtv Vimkrdam 07/04 Rain AttuHa -IVW Shown h#* tt-Q <Wl\ All*us 17/11 Suiuiy Buenos Aires
      219 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      410 17 Where to wine, dine and entertain /ut& B 1 house I 17th Dec 1995 I 3.00 pm 5.00 pm A delicious spread of Christmas Goodies u m and Special Appearance by Santa Claus. Adult: $18.00+++ Child $15.00+++ Make your reservations today! can 733 2081 ext. 468 APOLLO HOTEL SMGAPORE 409
      410 words
    • Advertisement
      Page 17 Advertisements Column 2
      14 17 ,/'![*.`$};@'\`+(,>+*}^/!^\.<"" if muf Make. youA- ./< ohal^imte With ml n Pin JlticMCj, (lediau/icMt I C"L~A KANTiriTnl
      14 words
    • Advertisement
      Page 17 Advertisements Column 3
      34 17 bw. v--1 Act now I before we run out of Space For Informatipn about Business Times "Wine, Dine Entertainment" Scheme, please call: Stephanie Lee 740 1284 Renee Loh 740 1518 Paul Chew 740 1581
      34 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      775 17 TV&RADIO s 430 Adbreak. 10.00 Mio Tsukushi (M). IN IMia IS 5.00 Sell a-Vision. ILOO Tunas Mekar (Debut). LOO PM M.O.G. as Seen on TV &oo See Wednesday's Sched- IL3O TV Innovations. Show. ules. 130 AM Close. 330 Jabberjaw (Cartoon). (t 1 130 Deify and Friends. Tt 1 4.00 Captain
      775 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      300 17 CRYPTIC CROSSWORD ACROSS Found another answer, being 1 |H determined (8) I^—^l~~^l~~^l 9 Made an exotic garland for the 11 Land where tales are spun by the heartless (4,6) WM HHT flB IHf 1H HI 12 Get hold of the necessary _JML-_JHB__JBL_V equipment (6) p I 14 Additional players at
      300 words
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  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      281 18 Growth towards a new centuiy For any inquiries on the products, offset press please contact the following companies. PRINTING MACHINERY, DIESEL GENERATOR, AIR-CONDITIONING SYSTEM, NEWSPAPER OFFSET PRESS, FORKUFT, TRUCK MOUNTED CONCRETE PUMP S MITSUBISHI HEAVY INDUSTRIES, LTD. 1 5-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100, JAPAN Phone: 81-3-3212-3111 Cable Address: HISHIJU
      281 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Aztech shares jump as Creative drops Reveal plan
      446 19  -  Arch-rival's change of mind leads to analysts raising earnings forecast for Aztech By] David Mok [SINGAPORE] The Aztech Systems stock received a major boost yesterday, rising by as much as 20 per cent, following news that its arch-rival Creative Technology had dropped
      Source: Bridge Info; BCRUZ  -  446 words
    • Article
      Acer ups stake in African associate to 87.5%, making it a subsidiary
      175 19 [SINGAPORE] Acer Computer International (ACI) yesterday announced it has increased its stake in associate Acer Africa from 43.75 per cent to 87.5 per cent. The main board-listed company said in a statement to the Stock Exchange of Singapore
      175 words
    • Article
      Cerebos to pay $7.8m for 70% stake in Woh Hup
      301 19  -  Acquisition expected to help Cerebos build up its sauce business By" Genevieve Cua [SINGAPORE] Cerebos Pacific will pay $7.84 million for a majority stake in a homegrown family food business. Cerebos reckons the 70 per cent stake of Woh Hup
      301 words
    • Article, Illustration
      M'sian banking stocks attractive after recent sharp falls
      624 19  -  HOCK LOCK SIEW By William Chia Malaysian banking stocks have taken a battering since Bank Negara announced on Oct 17 restrictions on property and vehicle loans to curb excessive consumption. Further downward pressure came 10 days later when the budget for 1996
      624 words
    • Article, Illustration
      Lock icon Alliance Tech, L&M and Osprey shares surge in active trade
      380 19  -  Married deal sparks takeover talk on Alliance Tech By\ Paul Leo [SINGAPORE] Main board counters Alliance Technology and Development, L&M Group Investments and Osprey Maritime saw sharp movements in share price and trading volume yesterday. Alliance Tech, which is hardly
      Source: Bridge Info; BCRUZ  -  380 words
    • Article
      Sembawang Maritime buys 6 ferries for $16m
      155 19 [SINGAPORE] Sembawang Maritime Ltd (SML) has taken delivery of four high-speed ferries and expects delivery of another two early next year. The six ferries, which cost $16 million, were acquired to meet "fast-growing demand", said the company yesterday. Of the four delivered, two
      155 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Barito Pacific's profit down 58% in first 9 months
        466 20 Largest Indon timber group blames poor showing on falling sales and prices Reuter [JAKARTA] Indonesia's largest timber group PT Barito Pacific Timber Company saw its net profit slump in the first nine months of 1995 on the back of declining sales
        Reuter; Source: Bloomberg; ALLAN  -  466 words
      • Article
        PNB to start final stage of privatisation
        372 20  -  Sale of 7.2 m shares next month expected to raise 2-3b pesos From, Al Labita in Manila THE listed Philippines National Bank (PNB), the nation's largest bank, wiU next month seU 7.2 miUion government shares under the final stage of its privatisation. In
        372 words
      • Article
        Lock icon Ten more Malaysian companies going scripless
        235 20 MBT [iUALA LUMPUR] The securities of an additional 10 comEflOrtes listed on the Kuala Smpur Stock Exchange ((LSE) ma inboard have been deposited into the Malaysian (jgpUral Depository Sdn Bhd. T The stocks of CI Holdings BJid, Sri Hartamas Corp Bhd, Fiber Group Bhd,
        MBT  -  235 words
      • Article
        Lock icon Khong Guan (M)'s bonus
        142 20 Reuter [KUALA LUMPUR] Khong Guan Holdings (Malaysia) Bhd said it was planning a bonus issue in the ratio of one share for every two held. It said in a statement to the Kuala Lumpur Stock Exchange (KLSE) yesterday that it was also planning to acquire the
        Reuter  -  142 words
      • Article
        Shinawatra Satellite borrows US$39m
        170 20  -  By < Conrad Raj [SINGAPORE] Thailand's Shinawatra Satellite is apparently such a good credit risk that banks here and in the region were willing to lend it three times the amount it originally intended to borrow. The company, part of Thai Deputy Prime Minister Thaksin Shinawatra's
        170 words
      • Article
        Lock icon Gadek not rushing to act on Hicom units
        545 20 MBT [KUALA LUMPUR] Gadek (Malaysia) Bhd is in no hurry to merge its 90 per cent-owned subsidiary, Credit Corporation M (CCM), with EON Finance, a subsidiary of Hicom Holdings. Gadek group managing director Mohd Saleh Sulong said Bank Negara had given them
        MBT  -  545 words
      • Article
        Lock icon Hopewell not having debt problems: Wu
        382 20 AFP [HONGKONG] Tycoon Gordon Wu yesterday denied widespread newspaper reports that his flagship Hopewell Holdings Ltd was suffering from debt problems. Mr Wu told executives at a luncheon that companies involved in major infrastructure projects in the 20th Century had to finance their work
        AFP  -  382 words
      • Article
        Lock icon Delay in Thai stocks rescue plan worries brokers
        416 20 No clear statement as plan runs into technical hitches Reuter [BANGKOK] A delay in the implementation of a 30 billion baht (Ssl.7 billion) government rescue plan for the battered Thai stock market is keeping brokers and investors on edge. The failure of
        Reuter  -  416 words
      • COMPANY Briefs
        • Article
          Sembawang Corp ups JSL stake to 20%
          72 20 [SINGAPORE] Mainboard-listed Sembawang Corporation Ltd has upped its stake in Jurong Shipyard Ltd to nearly 20 per cent from 15.5 per cent by acquiring five million shares at a cost of $48.96 million. With the purchase, Sembawang Corp now owns 22.23 million shares
          72 words
        • Article
          PCI forms new subsidiary
          34 20 [SINGAPORE] PCI Ltd has formed a new subsidiary Ventrade Technologies Pte Ltd to offer systems integration and design, develop, manufacture and market communications systems. PCl's stake is 51 per cent
          34 words
        • Article
          Hotel Nikko ups issued share capital
          85 20 [SINGAPORE] City Developments Ltd associate company Hotel Nikko Hongkong Ltd has increased its issued share capital to HK$275 million or Sssl million (27.5 million at HK$lO each) from HK$5O million. Five million shares were fully paid up and 22.5 million shares were partly paid
          85 words
        • Article
          Teck Wah takes stake in investment firm
          36 20 [SINGAPORE] Sesdaq-listed Teck Wah Paper Products' subsidiary Teck Wah Investments Pte Ltd has acquired a 25 per cent stake in investment holding company Starts Investments Pte Ltd for 175,000.
          36 words
        • Article
          2 Giken Sakata directors resign
          21 20 [SINGAPORE] Sesdaq-listed Giken Sakata has announced the resignations of two directors—Messrs Masakazu Honda and Shigeo Terui.
          21 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Stocks replacing homes as Americans' primary nest egg
        508 21 A historic, long-term shift away from residential real estate, say analysts Washington Post [NEW YORK] Behind the rapid run-up in US stock prices in the 1990s lies a historic change: stocks are replacing homes as the primary nest egg for many American
        Washington Post  -  508 words
      • GLOBAL Briefs
        • Article
          Lock icon Spanish hotel firm plans share float
          63 21 FT {LONDON] Grupo Sol Melia, Spain's biggest hotel firm and the third-largest hotel chain in Europe, is considering a stock market flotation to finance development The company has asked eight international investment banks for views on the flotation. Goldman Sachs, Morgan Stanley, SBC Warburg
          FT  -  63 words
        • Article
          Lock icon Kleinwort Benson to sell Tokyo seat
          85 21 Bloomberg Business News [TOKYO] Kle in wort Benson International Inc said it expects to sell its seat on the Tokyo Stock Exchange fix* about 700 million yen (559.6 million), said branch manager Mario Malt The announcement of the seat's sale follows Dresdner Bank AG's
          Bloomberg Business News  -  85 words
        • Article
          Lock icon Lufthansa's profit increases
          61 21 AFP [FRANKFURT) The German airline, Lufthansa, made profits before tax and after allowances for replacing aircraft 0f506 million marks (Ssso2 million) in the first nine months of the year despite costs arising from the rise of the mark, the company said yesterday. This was four million marks
          AFP  -  61 words
      • Article
        Lock icon Asahi, Itochu to buy 75% of two Chinese breweries for US$52m
        355 21 Asahi will become the largest brewer in China Bloomberg Business News [BEIJING] Asahi Breweries Ltd and Itochu Corp will pay, U5552.5 million (Ss74 million) for a 75 per cent stake in two breweries in China, Asahi and Itochu company
        Bloomberg Business News  -  355 words
      • Article, Illustration
        Lock icon Nintendo's interim profit up 25%
        227 21 AFP [TOKYO] Japan's Nintendo Co Ltd reported yesterday a rise in first half pre-tax profit but said sales declined due to the ongoing economic slump at home. Nintendo said pre-tax profit rose 25.1 per cent from a year earlier to 63.87 billion yen (SSBBI million)
        AFP  -  227 words
      • Article
        Lock icon Granada offer wholly inadequate: Forte
        244 21 Bloomberg Business News [LONDON] Forte pic, defending itself against a £3.4 billion (557.5 billion) hostile bid, attacked Granada Group pic as "an old-fashioned 1980s style acquisition machine" that is trying to buy its assets on the cheap. In its response to Granada's offer document, Forte
        Bloomberg Business News  -  244 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Three shareholders sue Daiwa Bank
        337 23 They claim top executives mismanaged the bank ami Jatwagmi for 100b yen Reuter [OSAKA] Japan's scandal-hit Daiwa Bank suffered another blow yesterday when three shareholders sued top bank executives for mismanagement and demanded they pay damages of 100 billion yen (Ssl.3 billion). The suit follows
        Reuter  -  337 words
      • Article
        Plan for derivatives guidelines
        270 23 [JAKARTA] Indonesia's central bank will issue guidelines on derivatives transactions to prevent future big losses by local firms, Jakarta Post reported quoting the managing director of Bank Indonesia. Paul Soetopo Tjokronegoro said over the weekend that the central bank was currently consulting the Forex Club Indonesia
        270 words
      • Article, Illustration
        Lock icon New Silver Kangaroo coin
        58 23 [SYDNEY] A coin collector holding the latest issue from the Australian Mint the limited edition Silver Kangaroo dollar made from one ounce ofpure silver here yesterday. Australia is now one of the leading countries for numismatics after the two largest coin and bank note auctions in
        AFP  -  58 words
      • Article
        Viet bank taps foreign sources for US$30m
        258 23  -  It's first Viet bank to raise long-term fands in Singapore By y Conrad Raj [SINGAPORE] For the first time, a Vietnamese stateowned bank has raised long-term funds in Singapore. The Industrial and Commercial Bank of Vietnam (Vietincombank) has borrowed US$3O mUlion (5542.3 miUion)
        258 words
      • Article
        Lock icon Oil prices firm on threat of Venezuelan oil strike
        283 23 ENERGY REPORT Reuter [LONDON] World oil prices firmed as the threat of a Venezuelan oU strike helped give impetus to the market, analysts said. January futures for North Sea Brent crude, the world's benchmark, was up 14 cents by 1610 GMT
        Reuter  -  283 words
      • Article
        Lock icon China upbeat over securities experiment
        161 23 Reuter [BEIJING] China issued an upbeat assessment of its fiveyear experiment with securities markets yesterday, claiming it had made 10 "breakthroughs". It also said a long-awaited securities law would be promulgated soon. "The law on securities, which is expected to be promulgated in the near
        Reuter  -  161 words
      • Article
        Lock icon CURRENCY REPORT
        153 23 AFP IrtHMfrftH The dollar reaped the benefits of the mark's weakness in Europe, pushing to a seven-week high of 1.4375 marks as the German unit ran for cover amid persistent speculation that a cut in domestic interest rates may be nigh. The dollar stood at 1.4339/49 marks and
        AFP  -  153 words
      • Article, Illustration
        Untitled
        1205 23 UiTHlBlWKCOMUmCf EATBS 4pm, Nov 27 ApMtt AfdMtUSS A|aMS$ AfttoctVSS Cmrmdt M Offer M Offer CvTMctes Hi Offer BM Offer Fmdl «rwc 28-8851 28.9M5 4119 4 8166 lool tkMara to om umtt oftortign atrnmcg: KMflMfMlv UL25 18.26 7.7147 7.7357 tartrate Mv LOOS 1.0450 0.7393 0.7398 M«w* n»Ml 0.0618 0.0619 U83.500 2^84.280
        1,205 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        770 24 IKUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market (KLTM) rose two sen to close at M 515.98 sen per kg due to higher offerings. Dealers said tightness in supply led the market to end higher despite the easier close on the London Metal Exchange (LME) which
        770 words
      • Article
        Lock icon SIMEX Report
        1170 24 Reuter [SINGAPORE) Simex Eurodollar futures ended firm on the dollar's rise above 1.42 marks and gains in US bonds, but dealers said activity was likely to remain rangebound in the near term. "Eurodollars have been in a consolidation phase from last week and they are likely to remain
        Reuter  -  1,170 words
      • Knight-Ridder Commodity Summary
        • Article
          N Korea's mining industry still healthy
          107 24 [SEOUL] North Korea's mining output is growing steadily, despite the deterioration of most sectors of its economy including grain output, a South Korean monitor said yesterday. The National Unification Board said in a report on the comparison of South and North Korean economies that
          107 words
        • Article
          Mittal group to cut cost of power project
          105 24 [BOMBAY] The Indian business group, Mittal, has offered to cut the cost of its proposed 1,084 megawatt coal-fired electricity project at Bhadrawati in Maharashtra state by 7 billion rupees (SJ294 million), reported the Economic Times newspaper. The project will now cost 45
          105 words
        • Article
          Full watering for cotton crop
          99 24 [QUEENSLAND] Cotton irrigators in parts of Australia's Queensland state can expect to give much of their 1995-96 (April-March) crops full watering, following heavy rains in the past two weeks. Growers in southern Queensland are already pumping river water into on-farm storages, and official irrigation allocations
          99 words
        • Article
          Japan buys soybeans early
          101 24 [TOKYO] Japan has bought an estimated 140,000 tonnes of Brazilian soybeans for April-May shipment about a month ahead of its usual schedule, traders said. Buyers entered the market earlier than usual, concerned that a smaller Brazilian crop expected this October-September season will result in higher prices
          101 words
        • Article
          Oil products diverted to meet shortage
          112 24 [NEW DELHI] Cochin Refineries Ltd in the southern state of Kerala will supply more petroleum products to Tamil Nadu to combat any shortage resulting from a recent fire at Madras Refineries Ltd. A senior official of the Petroleum and Natural Gas Ministry said over
          112 words
    • Article
      COMMODITY PRICES
      1294 24 SICOM rOTPEBS N0J27 RUBBER (Marts ctoibtQ is it S.30pa) RSS1 cwtjAq) C»OM Vohwo Opto Month Njtfc Low Sott (towios) Intwwt Doc 95 242.00 239.00 239.00 325 500 Jan 96 238.00 100 2250 Foft 96 238.00 1775 Mar OA 1H ftfl ttTC Apf/Jun 96 239.50 238.50 239.50 675 1H75
      1,294 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2323 25 +327.91 STOCKS rose to their highest level in more than 10 weeks amid signs the nation's banks may be ready to unload some of their non-performing loans. The Nikkei Average surged 327.91 points to 18,543.14. The Nikkei 300 Index jumped 4.43 to 275.03. A 2.2 per cent rise in
        2,323 words
      • Article
        Sydney
        641 25 +64 Shares closed slightly firmer after failing to be inspired by Wall Street and after the longawaited listing of retail giant David Jones ended in a fizzle. "David Jones didn't inspire the market even though the turnover was quite large," a trader said. "Our market is simply not responding
        641 words
      • Article
        Manila
        385 25 +5L76 Stocks closed 2.2 per cent higher on reports of the country's robust economic growth. "I think with the prevail- ing positive sentiment, the market may push for 2,400 before the weekend," said an analyst. "After that, resistance would be at 2,460 which if broken we can move on
        385 words
      • Article
        Taipei
        388 25 +***** Share prices finished 2.3 per cent higher amid bullish sentiment ahead of weekend parliamentary elections, dealers and analysts said. "There were obvious signs that ruling authorities were trying to boost the bourse in a bid to solicit votes at the Dec 2 polls," said an analyst. The 321-issue
        388 words
      • Article
        Seoul
        506 25 +*73 Stocks rose as a 20-month low in market interest rates led investors to bid up shares in banking and other financial firms with low price to earnings ratios, traders said. The benchmark three-year corporate bond yield declined to 11.8 per cent yesterday from 11.91 per cent on Saturday
        506 words
      • Article
        Wellington
        387 25 +123 Shares gained as forester Fletcher Challenge's Canadian subsidiary said it will sell logging assets and a bond rally boosted Telecom. The Canadian sale is "probably helping Fletcher Challenge a little bit," said a broker. Fletcher Challenge's 51 per cent-owned Canadian subsidiary said it will sell logging operations for
        387 words
      • Article
        Bombay
        81 25 -1&9B Share prices finished mixed after an early upswing triggered scattered speculative selling, brokers said. "It was a dull, boring day," said one broker. "Volumes were very low in most counters. There was nothing to push the market with institutional investors keeping away." The 30-share BSE index ended down
        81 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        360 25 hMw kit %#r *r nw«7 o—»» ami o—» cnwt» <*—** c»a»9a World MOO 0.7 13.6 03 IIS 03 1SJ t urc mo to xo 03 v.? oj 53 Cina* 9*9-0 0.7 IM -Oi OJ -U *.9 fSh 7773 U -II U U -4,7 rirtMt 942.7 13 U 09 6-3 0.9
        360 words
      • Article
        London
        562 25 +25.0 The FTSEIOO Index closed at a record high as US stocks and bonds rose and hopes grew that today's UK budget will pave the way for a cut in interest rates before the year-end. The index closed 25.0 points higher at 3,649.0, its fourth new peak of the
        562 words
      • Article
        New York
        739 25 ♦36.78 Share prices continued higher in midmorning trade, boosted by a recovery in technology stocks and a firmer US government bond market following weaker-than-expected existing home sales data for October, dealers said. At 10:55 a m, the DJIA was up 35.76 points to a record 5,084.60, the S&P
        739 words
    • Article, Illustration
      Lock icon HONGKONG
      2455 26 AFX-Asia I*l Hang Sen* +38J2 SHARE prices closed higher in lacklustre trade, dealers said. The Hang Seng Index closed up 35.12 points at 9,523.87, off a high of 9,553.78 and a low of 9,487.67. Turnover was HK52.63 billion with trading across the board "thin to non-existent", dealers said. Dealers
      AFX-Asia; FRANCIS  -  2,455 words
    • Article, Illustration
      Lock icon CHINA
      640 26 Reuter n Shanghai B Shire lata -Ml SHANGHAI B share index closed down on selling in Pudong stocks, regarded as the barometer of the market, ending at a six-month closing low due to weak market sentiment, brokers said. The index dropped 0.49 point to 50.08, the lowest level since
      Reuter  -  640 words
    • Article, Illustration
      Lock icon JAKARTA
      1065 26 Bloomberg Business News F1 Composite Index +4M STOCKS rose, led by Telkom and Indosat which advanced on optimism about their growth outlooks. The Composite Index rose 4.00 points to 472.93. Domestic phone monopoly Telkom, which began trading on Nov 14 and now accounts for more than 15 per cent
      Bloomberg Business News; BCRUZ  -  1,065 words
    • Article, Illustration
      Lock icon BANGKOK
      1210 26 Bloomberg Business News P SET fain -MB THAI stocks fell, led by construction issues, as investors bet that third quarter profit at Siam Cement would be eroded by record flooding, analysts said. Siam Cement, the largest producer of building materials, which is due to report results tomorrow, fell 18
      Bloomberg Business News; ALLAN  -  1,210 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Banking, big-cap shares lead rebound
        6785 27 KUALA LUMPURReports Bloomberg Business News Composite Index 436 STOCKS rose for the first time in three days as investors bid up shares of banks and such large-cap companies. The KLSE Composite Index rose 6.25 points to 928.66. The Emas Index gained 0.55 to 259.56. Turnover
        Bloomberg Business News; ALLAN  -  6,785 words
    • WARRANTS & OPTIONS
      • Article
        Antah: a Malaysian warrant with a reasonable premium
        3567 28  -  WARRANT WATCH ftyß.l R Sivanithy IN PREVIOUS columns, we've highlighted the fact that Malaysian warrants commonly trade for premiums that some analysts would call excessive. For instance, in one exceptional case Kim Hin warrants the premium was as high as 200 per
        3,567 words
    • Article
      CLOB INTERNATIONAL
      2165 28 MALAYSIAN STOCKS Cr Or •99S Last Vol Day Last Ouota Mv Dto VM Mat MC« mqh Law Stna Company Sala COOO> Htqh Law Buyar SaHar H CNr P/C »m*l MALAYSIAN STOCKS 471 196 a 5000 AISBSOc 384 cd M 36 402 3M HO IN 5.0 4.9 0.4 80
      2,165 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1951 29 TUtHOVtl COOO) VAIUC COOO) Mate g*» T*H MOW CH> TMH MMtfW 52,9*3 8,109 *1.102 H0.W4 13,58* »3,*59 FWwnc 1,541 1.4*7 102* 13.234 1740 15,975 Hottta 5 200 531 5,731 6,109 **2 *,771 39M US* 5J18 20,8*8 W3 22^21 Plantation 3.023 3.023 U44 1.3*4 MMna *09 609 M»* U4* j 7,392
        1,951 words
      • Article
        MAIN BOARD
        4181 29 Or Cf M m La* Vol Day Lm« Quota «v Dtv YI4 M.t Ca» Avg M Low stN# company S«t« COOP) High Low Buyof toKof H CV P/t $mll Prlca MMSTRMLS 490 Srmt 4M 44* 421 .8.8 53 474 S 360 348 354 356 22 293 177 m
        4,181 words
      • Article
        SESDAQ
        887 29 6r Or M Wt 1995 Laat Va4 Day Last OwM* Otv Mv Vld Nat c«* Avq Mm> L— «twa C.—any U* fOOO> Hm> La» 8>»yr «—r Cw M <— SCSOAO 322 40 2000 A8R Hldgs 5c —285 -2 403 296 285 285 287 18.0 6.9 OJ 62.0 126.0 289
        887 words
      • Article, Illustration
        Lock icon HOT STOCK
        69 30  -  By Paul Leo JEN CHUA INVESTORS will have a chance to buy Multi-Purpose Holdings 10 cents cheaper than yesterday's closing of $1.81 in the next few days. Short-term technicals show a downside bias. But the medium-and long-term picture is positive. Weekly RSI has been oscillating within the oversold
        JEN CHUA  -  69 words
      • Article, Illustration
        Prices weaker despite rises in blue-chip indices
        927 30  -  STOCK MARKET COMMENTARY Interest still centres on Sesd&q but some bine-chip investors 'quietly bargain-hunting' By R Sivanithy [SINGAPORE] Despite rises in blue-chip indices here and in Malaysia, prices closed generally weaker yesterday in a day when second liners mainly those on Sesdaq were
        927 words
      • ON THE GRAPEVINE
        • Article
          Pribadi completes Amcol deal
          156 30 A DEAL is a deal. It appears that Indonesian businessman Henry Pribadi has completed his purchase agreement with Aracol Holdings' former boss, Kang Hwi Wah. He picked up the final tranche of 10 million Amcol shares yesterday. With the transaction done at $5.00 per share at
          156 words
        • Article
          Francis Tiong defamed in PNG
          106 30 WHAT a way to get defamed. An apology in yesterday's Sin ChewJUPoh (Malaysia) said Roger Hau'ofa, the National Broadcasting Commission and Kalang Advertising Pty Ltd have unreservedly apologised to Rimbunan Hijau (PNG) Pty Ltd and one of its directors, Francis Tiong Hiew King, with respect
          106 words
        • Article
          Blacking out the suppliers
          130 30 NOW that former PUB deputy chief executive Choy Hon Tim has been sentenced to 14 years in jail, we wonder what is going to happen to some of the biggest companies in the power equipment business which were named in the corruption case. The five MNCs
          130 words
        • Article
          Will NatSteel spring new surprises?
          124 30 LAST Thursday, Goh Eng Chew, a director at Nat Steel, declared his purchase 0f87,000 shares in the company at $2,722 per share. According to the company's annual repent, Mr Goh's interest in the company was 352,250 shares. Nat Steel closed last week at 512.71 per
          124 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      53 19 US$325 million. 806 rooms. The Big Apple. V v c jSaafeiv Jones Lang Wootton closes US$3 2 5 million sale of The Plaza Hotel in New York to CDL Hotels International Limited and HRH Prince Alwaleed. Jones Lang Wootton 50 Raffles Place #45-00 Shell Tower Singapore *****3 Tel 220 3888
      53 words
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      Page 20 Advertisements Column 1
      159 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      159 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      386 22 t mm mmmmmKmmmmmmmmmmmmmmmmmmmMmMrn&a®is *^w«HHBL < ssr Hertz touches down at Ghangi Airport Terminal 2. H®rom today, passengers arriving at Ghangi Airport Terminal 2 will get to enjoy fast, efficient and hassle-free car rental services. Hertz, the world's leading car rental company, has just opened a new counter at the airport
      386 words
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      Page 23 Advertisements Column 1
      129 23 State-of-the-art newness with a touch of history. An address that says you are in Corner of Orchard an absolutely prime location. Thifc is The Heeren, at 260 Orchard Road With a 0 120,000 sq ft of lettable office space on 15 floors. A portfolio of features to change business attitudes.
      129 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      85 25 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result offifteen handcrafted operations which create a unique personality. 7fce 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers a
      85 words
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      Page 26 Advertisements Column 1
      35 26 MONT* BLANC THE ART OF WRITING Available at MONTBLANC BOUTIQUES Singapore: Ngee Ann City #01-32, Raffles City #02-03. MONTBLANC CORNER: Seiyu 3rd Fir. Bugis Junction Sincere Watch #01-013/015 Suntec City Mall and all authorised dealers.
      35 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      274 30 In-Depth Business I IS News from Uk Singapore Perspective*^^ For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from I I Mr/Mrs/Miss/Ms: Occupation: n a perspective which is more relevant to I. r r I Company: local businessmen than any
      274 words
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      Page 30 Advertisements Column 2
      442 30 Singapore Closing Share Prices 27/11/1995 CLOSE PREV LOW HIGH uss uss uss uss All If# Jardine Matheson 5.60 5.70 5.55 5.70 Ifimil Jardine Strategic 2.05 2.05 2.04 2.05 I lAAfifif I Dairy Farm 0.785 0.77 0.78 0.785 Hongkong Land 1.71 1.72 1.71 1.75 ■ppoBHB Mandarin Oriental 1.13 1.13 1.13 1.13
      442 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      323 31 Knight-Ridder Reuter THE week ended in the dry cargo market on a subdued note with no decisive general trend evident The Baltic Freight Index slipped another 10 points on Friday to 1,707, and has recorded a loss of 46 points since Tuesday. But Panamax rates were firmer in
      Knight-Ridder; Reuter  -  323 words
    • Article
      MARITIME STOCKS
      261 31 17 CWT Distribution 142 <.02 194 ChuonHup 116 ♦<501 SI Coocolnv IM *0.03 25 FtLS 9.70 ynch 127 FrttaM LMu a79 -0.02S 264 Otiiotfrm L28 <02 9M Hat Sun Hup 0.91 -0.005 137 HRacNZooon 103 *0.02 40 —Clllfnf HK 5.40 JayaHoMtogs L99 -0.02 21 Jurong SNpyartf 9.70 -0.15
      261 words
    • Article, Illustration
      Smooth sailing for shipping courses at S'pore polytechnics
      460 31  -  Ngee Ann course allows students to follow through from concept to erection of ship with software By Yong Mei Fong [SINGAPORE] Ngee Ann and Singapore polytechnics are getting more involved with the shipping industry these days. At Ngee Ann, students will be
      460 words
    • Article
      Lock icon Indian shipping firms seeking tax benefits to compete better
      295 31 Reuter [BOMBAY! India's exports have climbed sharply during its four-year old programme of economic reforms, but most of the new trade is being carried in foreign ships. India's exports grew 45 per cent from US$lB.l billion (5525.5 billion) in 1990/91 to
      Reuter  -  295 words
    • Article
      Weak rupee, depressed steel market hit Indian breakers
      191 31 [SINGAPORE] Hit by the weak rupee, Indian shipbreakers are adopting a wait and see policy before buying more tonnage. "The weakening of the rupee against the dollar has hit us hard and we will buy only if we can get a price
      191 words
    • Article
      Lock icon Penang expanding port to cater for rising cargo volume
      291 31 Throughput expected to soar with setting up of new growth triangle MBT [KUALA LUMPUR] The port of Penang is expanding its capacity and streamlining its operations in preparation for the increase in cargo volume, as •container handling capacity increased by 75
      MBT  -  291 words
    • Article
      Lock icon Awilco has cost overruns for new ship
      143 31 Reuter [OSLO] Norwegian offshore company Awilco AS reported considerable cost overruns for building the new floating production ship Petrojarl Foinaven for British Petroleum's BP Foinaven field development west of Shetland. "The final cost price has not been determined, but it is expected that
      Reuter  -  143 words
    • Article
      Lock icon Affa urged to promote multimodal concept to Asean countries
      176 31 Concept could help formulate regional pact, lays Ling Bernama [PENANG] The Asean Freight Forwarders Association should encourage other Asean countries to join the association in promoting the Multimodal Transport Operator (MTO) concept. Transport Minister Ling Liong Sik said the concept could
      Bernama  -  176 words
    • Article
      Evergreen service to call at Ningbo
      189 31 [SINGAPORE] Evergreen's Hongkong-Shanghai feeder service has included calls at the port of Ningbo in China. The Taiwan-based line said in a statement that the move was made in response to customer demands. It added that the feeder service, which was started with affiliate company
      189 words
    • Article
      Lock icon Cosco planning more investment in Hongkong
      261 31 UPI [HONGKONG] China's state shipping firm is making increasing use of Hongkong as it boosts capacity. In the last year, Cosco HK Ltd has ordered 21 vessels with aggregate capacity equivalent to 61,700 20-foot containers, or TEUs, said Cao Zang, executive director of the
      UPI  -  261 words
    • PORT Shots
      • Article
        Budget cuts hit IMO
        106 31 (SINGAPORE) The International Maritime Organisation (IMO) may have to axe or delay two key programmes following its assembly's budget vote. IMO U now committed to keeping spending over the next two years tc U8156J million (SIBO million). This increase, at 6.75 per cent, compared to average
        106 words
      • Article
        Lock icon Safari to upgrade Far East services
        74 31 Reuter [CAflB TOWN} The Safari shipping consortium is to offer a "weffly service totheTar Bast Inearly m SaftiiarineanC Rennies Holdings Ltd's divisional director of Far East liner trade Duncan Mackintosh said recently. The consortium presently operates to the Far East every 10 days with
        Reuter  -  74 words
      • Article
        Lock icon Shanghai Haixing expects tough 1996
        79 31 Bloomberg Business News [HONGKONG] China's largest cargo handler, Shanghai Haixlng Shipping Co Ltd, expects the operating environment to remain "difficult" next year, the Chineee-language Hongkong Economic Journal reported yesterday. Yang Huocai, a company director, said China's coal shipments have dropped 15 per cent this year,
        Bloomberg Business News  -  79 words
    • Article, Illustration
      Lock icon Gulf plans impressive growth
      868 32 Mtß SHIP INDUSTRY: STAYING ONE STEP AHEAD Asian competitors will be kept on their toes as the shipping industry in the Arabian Gulf sets out to expand and upgrade its facilities to provide more and better services for customers UPI Shipyards in the Arabian Gulf, which
      UPI  -  868 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      330 32 PAGE ACL 13 AMI 3 *We n Accord 12 AMm 6 AhrmkM 4 Appenship 4 Astro K> Austral 13 Avant 6 BSA 13 Batamndo 11 BlanqMas 12 Bright Express 6 CCNI 4 CMA 13 C0SC0 11 CSAV 3 Centenary 11 Central Ex 13
      330 words
    • Article
      SHIPPING GUIDE
      20641 37 M. y 11V/ f UlviUUXV taKJy iimii iiiriiiniiiTiranmiirm i in pa ETA ETA Advartlaar V«Nd Voyaga Pg AdvartMar N No tm Oaatu Maw Mm w. N*. DMTR VBMM NMM ■^—8—■—i PMMMMMMMMMMMMMKNMHMMMHMMMMMMMMMHMMMMNMMMMMNMMI ■b II 21/12 29/01 Hanjln HANJIN VANCOUVER 023E 3 A 23/12 25/01 COSCO BEAUTY RIVER /00<m D
      20,641 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        655 45 T"*"* 4 Voy No Barth Arrival Daparturi I iBT) Aiam Jaya 1/95 Mm J1 alongside 2111/0830 «T) Jaya AMI J1 alongside 28.11/0100 «T) Sri Bunga 1/95 J1 alongside 28.11/1700 S"*" todah 246 J2 akxvjsid« 28.11/2300 **am Murni tl/07/95 J8/9 alongside 28.11/2300 £nm Indaft 21/95 J2/3 alongside 28.11/2300 2«i
        655 words
      • Article
        CONTAINER SCHEDULES
        1769 45 RECEIVING Of EXPORT FCL CONTAINERS AND LCI CARGO Booklng/Manct Rstls Ship Voy No Etb/Btr Ported Fro« To Ftom kiM mm »/T7oo nmoo 27/1*59 n/m» 21 27/7700 21/019* a/mo 3 21/0700 21/1B* 21/MM 4 21/I2M 20/1700 talk MM MM a DM 2MH AM feltai MM 29/0200 1 27/BM 27/Mt
        1,769 words
      • Article
        GLOBAL HOLIDAY
        418 45 NOV 28 Panama: Independencia de Espana. NOV 30 Philippines: Bonifacio Day. Yemen: Holiday. DEC 1 Central African Republic, Romania: National Day. Ghana: Farmers' Day. DEC 2 UAE: National Day. DEC 6 Thailand: King's Birthday. DEC 6 Ecuador: Holiday, Quito only. Finland: Independence Day of Finland. Spain: (tentative) Constitution
        418 words
      • Article
        COCKETT BUNKER MARKET REPORT
        941 45 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
        941 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Car sales in 7 Asia-Pac countries to hit 3m
        521 46  -  Economic Intelligence Unit report says number of passenger vehicles sold in Asia will continue to rise By' Yong Mei Fong [SINGAPORE] Car buyers in the Asia Pacific will continue to snap up passenger vehicles in the next two years, with some
        521 words
      • Article
        Lock icon EU-Korea talks likely to centre on cars
        72 46 AFP [SEOUL] European Commission vice-president Leon Brittan will hold talks here today expected to be dominated by demands for a wider access for European cars to South Korea's market. A foreign ministry spokesman said in talks with South Korean Foreign Minister Gong Ro
        AFP  -  72 words
      • Article
        Lock icon China seeking help to develop car industry
        326 46 Policies to attract foreign funds, skills to guarantee healthy growth of sector UPI [SHANGHAI] China wants overseas money and expertise to develop its automotive sector, but is being careful about how. Under a new set of guidelines, a foreign company must set up
        UPI  -  326 words
      • Article
        Lock icon Taiwan plans US$24m venture to make aircraft with US firm
        165 46 Reuter [TAIPEI] Taiwan's economics ministry said it plans to promote a US$24 million (5533.8 million) venture between Taiwan firms and Advanced Aerodynamics and Structures Inc (AASI) of the US to manufacture small passenger aircraft. The venture will produce AASI-designed six-to-10-seat
        Reuter  -  165 words
      • LOG Book
        • Article
          Lock icon Guangzhou injects 4.7b yuan in subway
          96 46 Reuter [BEIJING] South China's city of Guangzhou has invested 4.713 billion yuan (***** million) In its underground r railway and expects the first line to open on schedule on July 1,1997, the ChinaNtu*Servianid. At end-October, Guangzhou had spent 2.646 billion ofthe three billion yuan
          Reuter  -  96 words
        • Article
          Lock icon Japan Asia Air may pick Boeing
          79 46 Reuter ITOKYOJ Japan Asia Air*ays Co Ltd, a unit of Jgpan Airlines Co, said it is consJdalng Boeing Co to rsptaca tlir DC-lOs it now uses. "We are considering the 7«7s but we have not yet decided whether we will buy them or lease
          Reuter  -  79 words
        • Article
          Lock icon Michelin signs accord for new trial site
          87 46 Reuter [TOULON, Prance] Michelin has signed an accord with local authorities to open a tyre trial centre north of the French Mediterranean port of Toulon. The oorapany said it wouM invest about2oomillion francs (Ss66 million) in the project, which had been opposed by
          Reuter  -  87 words
      • Article
        Lock icon Manila goes ahead with US$1.15b skyway project
        257 46 Highway to be built on top of existing expressway Reuter [MANILA] The Philippines launched the construction of an ambitious US$l.l5 billion (551.62 billion) "skyway" road in Manila yesterday but motorists were preoccupied with squabbles over new restrictions on car use. "The skyway distinctly
        Reuter  -  257 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1191 46 an FLIGHT ETA fUGHT ET0 ftuwlw CZ3S4 0920 AfeiaMa Of081 1930 OF082 2050 Hanoi VN745 1305 VN744 1405 S0228 2120 1 VW741 1310 VW740 1410 Amtarim KL831 1025 KL844 0110 Hatyai TG407 2105 TG408 0820 6A897 1255 KL838 2335 MI895 2255 M896 1920 M327 1535 J002*
        1,191 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      14 31 Gulf plans impressive growth Asian competitors will be kept on their toes. Pmge 2
      14 words
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      Page 31 Advertisements Column 2
      414 31 Car sales in 7 Asia-Pac coontries to hit 3m Sales in Asia will continue to rise: EIU. Back Pa#e BULLETIN BOARD Fasa to hold 21st ACM The Revised m in Singapore The Federation of Asean Shipowners Associations J* (Fasa) will be holding its 21st Annual General f* Meeting early next
      414 words
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      Page 32 Advertisements Column 1
      172 32 NYK LINE 1993 (S) PTE LTD MALAYSIA INDONESIA TEL *****23 NYK AGENCIES (Ml SDN BHD P 7 PEI AYARAN PUSAKA AJIBAYU f FAIW? FAX *****56 (MKTG) 293/109 (OPS» KUALALUMPUR 02 03 2920/661 LINE Si JAKARTA (0211 *****12 (10 LINESi SoDnKI *****85 (DOCUMENTATION) PORT KEIANG 02 03-36/1315 (6 LINESi SURABAYA (031(*****1
      172 words
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      Page 32 Advertisements Column 2
      92 32 Line* and services represented by Members of the Registry of Accredited (£k(S)b> Shipping Agents, Singapore National Shipping Association. »|1 mA jmla ,1 n■ rw timi n r n n alift Chinninrf Tuma#, tor advertising enqumes, contact vippmg ihtks. T et 740-2089 H V 3 I cents a minu^^H JKijttk Mr
      92 words
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      Page 33 Advertisements Column 1
      1324 33 1 ttQFK SOPTH WIST EXPRESS (DWECQ 1 Ivesa g swita giro um I qmi ot 1— 001 aot mom I wye wot MUMMM—a m w/ii lt/ii wn Wii »/n »/n »/ii 4i/u 41/11 noflflMocwg Hi~"iW~ i>/ii "B7fi~ •s/ii ~57ii~ v/n 47/11 47/11 4S/ii w/irjMltmaanm ma n/n */n wn li/ii ii/ii
      1,324 words
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      Page 33 Advertisements Column 2
      1684 33 OHANJIN SHIPPING I (ISA CANADA ~S In>lnw I o. on m nm Ihi pra m\ ai ioS rvi pm ni Pro P5 »i/ii ~H7iT n/11 n/u m/ii «/u */ii g/it is/ii n/11 "»/n n/it "»7n~ 20/12 "21/11 n/n 13/11 »/ii »/ii 31/11 *l/1t 01/11 •I/V1 91/12 M/ 11 11/11 W/12
      1,684 words
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      Page 34 Advertisements Column 1
      630 34 KSSa wr HAM rDAM MT Utt STW PCUH6 SIN WG MO TYO SM KW MG HMWH6BWBS OS/545" 0/11 IQ/11 Ej -12/11 1/1? 5/12 7/12 Imuom nm ii/ii vi' is/u—ii£U ioi_ v? m hi/n HWI mSmam 'V m i/u \i7fT W W Im I iyiH ~ua 4V44ThaT 14/11 15/11 22/11 11/11
      630 words
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      Page 34 Advertisements Column 2
      1448 34 I NORASIA VESSEL vov [ami ALQ las bcl val ham bre rot ant fel uha MOM HONGKONG *47-3 2*ll I*l2 I*l2 21/12 22/12 »T2 ivn 2V12 Mrtj "1? 2*12 NOR SHAAJAH «4M M/ 12 2*12 2*12 3*12 31/12 M*l "JJ* "£j SL MOTIVATOR MWWtt—ltWWSlWgggijg Vfil SEABBTIATIVE 568W 2*12 «*1 M*l
      1,448 words
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      Page 34 Advertisements Column 3
      628 34 JAPAN/HONQKONQ/STRAITS REGULAR SERYICS- H I LOADING FOR PORT KLANQ/PENANQ U. VOY SPORE P 6UOAM6 PKB PEN chowkuah nnov awov .im i fob mm cupper 5 n nov cotc CRgNPINI 4 WWOV II OCC 00*8JM 4 34 NOV note Bfflgiß 1« KMC MOtC WTRAMUNOS I 540 EC MO6C PWEIRMHT M MPCC
      628 words
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      Page 35 Advertisements Column 1
      923 35 W STRAITS SHIPPING PTE LTD 10 Hoa Chiang Road #11-01 Ksppel To wen ÜBLMM Slßjiporo 0208 T»l: *****88 Far *****17 tafc-A NBW QUiNIA FACIffC UNE (A SERVICE Of CHINA NAVIGATION CO) I ETA ETO tnUUTSHOH W6IK 01 Dm S3 Dm MiM. MiKIMMI« U«y». -u—«-i" EJNM-22 VKI9E 01 0m 030« C
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      Page 35 Advertisements Column 2
      1831 35 1 (Singapore Agencies) Pte Ltd A m%MM Km*m 9 io Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE iJSS i^z 544 PNOCSP F l2s 5,27/222 7S EXPORT WMW MMBM VWML VOY rWW"W "OO AWT ROT HAM OOT IM LEH 'IiIBBBBL VOY zn OOT HOT HAM NHU
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      Page 35 Advertisements Column 3
      580 35 OUTBOUND PKL WMJOHM" HKG KAO TO B YOK TOK MAfi KOG j» MQJ BU» MAN HAI 211 AMM 2VII J7/11 |2Wll| JMI/12 M/ 12 M/ 12 Wtt_ WW I l_ J««_ _Wt_ W_ _Wtt_ ■jgw c?il 83-M/12 *****" 88/12 11/12 17/12 1W I*l2 WWWW M/ 12 M/i2 W 11/12 13/12
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      Page 36 Advertisements Column 1
      127 36 r 0 EVERGREEN Full Conr.f/nt* Serwce RTW SHIPPING (S) PTE LTD M SIA Agents: GREEN PENINSULA AGENCIES SON BHD ASIA-EUROPE EXPRESS (AEX) CONTAINERISED SERVICE FULLY CONTAINERISED TRANSPACIFIC SERVICE EZ3 dS EZfll ESI BS9IKS9 EQEi B*£9 K99 E3JH EM DJJm rrr| QSI9EZ£3E2uS|3uI CZu9 I UQTi I TRANSPACIFIC WESTBOUND SERVICE INTRA ASIA:
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      Page 36 Advertisements Column 2
      254 36 i\> UIMIGLORY LINE Full Container Service ARABIAN PERSIAN GUIF SERVICE MAURITIUS SOUTH AFRICA SERVICE SOUTH AMERICA SERVICE HONG KONG SERVICE MANILA SERVICE TAIWAN SERVICE MALAYSIA SERVICE t' LAEMCHABANG SERVICE >j,:-:a^——— BTW SHIPPING (S| PTE LTD M SIA Aqents: GREEN PENINSULA AGENCIES SDN BHD 70 ANSON ROAD »2I 00 *22 03
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      Page 36 Advertisements Column 3
      132 36 CSMWEOMBMy' I y r U^J^l *****E3E3 I.. 1 I '!>'' BIJ>'!H1tlB'MI! WnHIl'M I i "■!»!>■■' IBI'i'tBB'VrMII'ITTB^^B (j2E2JMESIE2JI33!iI23BI2MK2M WEISD i oa-wi ii r,v ;*\l 1 tail C3HHICBMSII23 Ed Cu3 1.," MB' WITTMI MB il. 11l I" \.,""11A- v-Mfrt/ii-aBI'.MI!:i!UM [*****1223 ESI E3H ESH E3138 |77;< tVi:ulf<>j^TTr j'i't±» ■^Kggga^H dm— drraE7Hi— niMmi'iiriTi CZM^—Qinr^i^TTHMtTrTTnfTirTri
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      Page 40 Advertisements Column 1
      479 40 BKAPAL KRIS Shipping Pte Ltd 701DUXTON ROAD, S'PORE *****9 Tel: *****76 Fox: *****77 a #73 95#0006 SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 399-609 MOCK A GIOIMCIUSOKSSGNntt 10 JAIANSS 6/1, KHANAJAY/lftO. 90X9420 *****PEmJN6JATASBANGM.IH:*****77/70/79 FAX:*****07 IHEbMA3O63S REGULAR CONTAINER SERVICE FROM PORT KELANG, PASIR OUPANG a SINGAPORE TO yiH-tlIMn I I I Ml I
      479 words
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      Page 40 Advertisements Column 2
      595 40 SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS EUROPE SERVKE Vtssa/VOT jj jMBOMMK WWMK Wm VESSEL KK TGM SM K MTS DON CT TAW SKN KKU TMA MEDEA VI2O 04/01 07/01 11/01 13/01 MTERMAKfTIME V 124 U/1I */1I 11/110J/IIM/I1 N/ll 8/11 HANDY GUNNB Y3/05 SID SID SID SU> TURANDOT VOlO 31/01 03/02
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      Page 41 Advertisements Column 1
      2505 41 accept iwb cabqo HH H H VARNA, ODESSAMB CONSTAMTZA VIA UMASffll Slfftrt I (Mini 4#««/> ft/ (B*~nl) ttilMt Ssltt/UtAHI AfMC? 0; I COSTAR SHIPPING PTE LTD w*SZ*£J2l"' <""*•' '"fr*" I tllllil v»H7-M I'l'L rn CmWlKhi/ tfHIJI P /0: *{SIH CHItHIMiI (W/M OSS lltl Tlwtr I Fit: IfHttlll 111 C«i 'rtS'M
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      Page 41 Advertisements Column 2
      664 41 I FAMOUS CONTAINER UNES 80 ROBINSON ROAD, *22-02 SINGAPORE *****8 HOT LINE: *****33 (30 UNES) I WE PROVIDE 1 Weekly Sailing DIRECT CONSOL to HAIFA ASHDOD Eta Sin 5/12/95 Call us for details 2241 8 3 3 Ken/Sylvia/Ramlah Imah/Molly P KLANG PH: 0203/*****02 (10 UNES) PENANG PH: 0204/*****7 (10 UNES)
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      Page 42 Advertisements Column 1
      553 42 I Regional Container Lines CR NO **********0E mmam JAKARTA M PENANG B A Kg ||g I I i mi —i bi BB BI i |'"i,"| M i, ii^ l^il Tini ■I II 188 Ji S iii 11 1■ I I Ml I■■ II >i ii I 1 Mil Mil'Bl ill
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      Page 42 Advertisements Column 2
      274 42 XOUR LINE PTE LTD E^^^CTBE3WESSE3MBB3B^B^B ES^WEMb j'i ir:i-~.':■• •< l''; T ,f -''M 'i I MTTTiTI^M MUSES— E?£Mi^^MBSiEM»ittiJIISMMEEESMMM L "9HHHHH QiKHIKHKaiKHi EzammmiMzzmM^amz^m^nßin^wmw^wKiziiEimm^iizEn^m gpßL_i_i_JW ESHHHDBHMHB EZ7MMIBE3BBiII!j!!M*-''ll":'M Wd WEZZESZ* ESMMMMiDBMBLMIiniMKnEini^HI BESEEM SE^^SH m"VH r m HTT"VAW-mMm J I ■■■H Hi H bshj———zn— —nsj i ,i '^"i— T—■ :.TI M— F'VT^—MKiFl^MJ—il''l '.W' 1
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      653 43 j, M MYANMA wBBk FIVE STAR UNE wT (Mymi«ar Notknol Um) Loadiag for Yaapa (Raigooa) 'vosa VOT SIN W6 IW wu I WW MPT su» AVA IMW MPT su> I I Mum MOTS: OOUSTIAD SMPPM6 MMB 'JUL TH 9243-*****00 PVL TH 02-03-37M101 TU 02-44-*****02 P6D: Til 02-07-*****21/4 BANK LINE (A
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      Page 43 Advertisements Column 2
      1110 43 ADVANCE CONTAINER LINES (PTE) LTD A I 140 CacN Stroot, #12-00, PIL BuidNtg, Singapore 0100 LboZ TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E jJUUkMTA a HI, I faig a MIT. i faHW »i&) a mmmSmmS Po«f AyrißßrtjmAaAwa 1 VESSEL VOY SW BKX aw VTWa VOT Wt
      1,110 words
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      Page 43 Advertisements Column 3
      415 43 COMPAGNIE MARITIME D'AFFRETEMENT FU CONTAINER SERVICE TO: UK/NORTH EUROPE WEEKLY SERVICE LJii-li. Lial HE29H K2SH TO: WEST MEDITERRANEAN FIXED WEEKLY EXPRESS SERVICE COLOMBO 5 DAYS GENOA 19 DAYS BARCELONA 21 DAYS FOS 23 DAYS NAPLES 26 DAYS TO: EAST MED/NORTH AFRICA FIXED WEEKLY EXPRESS SERVICE TO: COLOMBO PERSIAN GULF. KARACHI
      415 words
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      Page 44 Advertisements Column 1
      570 44 n SINO IXPRISS SHIPPING (PTI) LTD. V MM I 11 COLLYER QUAY #oe-01 THE ARCADE SINGAPORE 0104. 7 TEL: *****90 (4 UNES) FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) SIN/HKG/SHAI STORE HKO SHAJ VESSEL VOY ETA ETD ETA I ETD ETA I ETP lajmos *****552 mz mi mi
      570 words
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      Page 44 Advertisements Column 2
      128 44 wi ryi;g ..i§ lit i i BANGKOK I I^Xi^HIHiB-'iIIIViIHJiiIBEHIOI.^HUUIIJI^JiHmK^I I ■ITiMiPiMl7iM—1 T iMiPiM17iM— I Ml il ■■11 iIBMIBIMI I i maiayma '-V'Sm'vi CZ— YANGON [vir—ftl'iHl'if f |L-—LiILJUIiJIiJIU I I EMBMIihIBI—raHF7iH.- ll ml I —I Ml 'ilßllM■■!'il■■l'iHß 'illlrH^—lMnMHTil—Eangj/iiHaj TNDONTsTAnUI^ rrrrTi^Mi',.' l MTS^^SF^sS^S^^^^[rrTv~^^^T TJ> w>- BirS^^rSril JTJiMIPJIFJIMIrTTBriTH 7 iHi; if| «0S SINOTRANS
      128 words
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      Page 44 Advertisements Column 3
      131 44 iff MFL SHIPPING (INT'L) SSSff PTE LTD SUBSIDIARY OF HAI SUN HUP GROUP FCL/LCL CONSOLIDATION SERVICES 1 HOT LINES: *****40T45 ACCEPTING CARGOES TO EWOPf USi POtTS/ SYWBY/MMOUMB AUO KCETVm KL TO USA POtTS AM SBtVKI TO NCXICO AND CAJUM ■■■EDIiOpHd VESSEL VOY ETA (SIN) KOTAIKTAK V.INTII9 03/12 I KUOTAI 006S
      131 words
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  • Page 45 Miscellaneous
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      136 45 I I r LEGEND R Thunderstorm Temp«rotur«, o Q X\ V Shower Weather Wind direction with speed in knots A Roin Cloudy Sky Wove h 9 h, Swfoce winds are indicated by arrows which Hy with Hie wind vl) One Mi crcte represents calm or hght ond variable wmds i_.
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      1080 46 RATE RESTORATION SINGAPORE/SOUTH AFRICA V.V. Shippers are hereby notified that UNIGLORY LINE, in order to recover the increased operation costs, has decided to implement following rate restoration on top of the currently prevailing rates applicable to all FCL shipments to/from South African ports and Mauritius with effect from Ist January,
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