The Business Times, 14 December 1995

Microfilm: NL20503
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, DECEMBER 14,1995 85e
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  • Article
    MARKET SUMMARY
    59 1 D3U,,* O SMHM+ 16.97) VI BT4MA U MHO (+8.96) H" BASKET MOOD: EL KLSEOOMP 984J8 +5.88 NIKKEI 19.ja.48 -«L» HAW SENG MHJB. -Ml SET BOEX U47.48 -7JI JAKARTA COMP 491 62 AM MANILA 00V—14MLM. +«.45 TAJPBWn MM.lt +58.81 snaoov m.u -iiw BOnAYHEM jMHIM 44Jt CUBA GUMS MM +8.46
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  • Article
    FINANCE
    58 1 rs$ m vm— L4i» i urn it* dm mm >m tm Mm un UN fJS7 ipi.iT.— in am BAW AMI MM tmULm MM MM IWrS* j li—liif tttOATCU* M4 ■HUAUMPVt. ..AU ■BE-zzzzzzzzSJi mmoNQ I.I» vn mi 8TDNR 11.75 TOKYO |-JL m awjL.X. tin JOBCr^—+ 40 M9 U*don.. tn MMWtt
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  • Article
    SES comes down hard on 2 for breaching rules
    590 1  -  Om noisier fined $60,000 mad suspended for helping client U roll over parckMecmtracta By R Sivanithy [SINGAPORE] The Stock Exchange of Singapore has meted out severe penalties to two dealer's representatives for helping their clients bypass the exchange's settlement rules and
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  • Article, Illustration
    Lock icon C&C takes on parallel importers of E200
    345 1  -  By William Chia [SINGAPORE] Authorised Mercedes-Benz distributor Cycle Carriage is taking on parallel importers of the new E2OO model (W2lO series). It announced yesterday that it had started accepting bookings at $205,000 for the private registration of a new E2OO model (without COE)
    CHRIS LOH  -  345 words
  • Article
    Shanghai plans capital-pooling scheme for housing projects
    314 1  -  From* Quak Hiang Whai in Hongkong INDIVIDUAL and smaller investors In Singapore may soon be able to take up Prime Minister Goh Chok Tong's suggestion of investing in the residential market in Shanghai by buying into a new scheme put forward by the
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  • Article
    Jakarta may raise banks' reserve requirement
    428 1  -  First Ukadaca 1968 aimed at curbing bmyaat loan growtk Byß N Vasuki [SINGAPORE] Bank Indonesia, the Indonesian central bank, is today expected to increase the reserve requirements of commercial banks for the first time since 1988. Although the move aimed at curbing buoyant loan
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      123 1 H first Chief Minister, David Marshall, was fcttried yesterday. In tribute, we reproduce the Raffles Conversation we did with him in June 1992, —UL. Ji iniiMiafc Msm NO on MftH of Mercs fit report* edly among the beat in the lnuustry nr i nign-voiuiiie seller. Si 111 irtnEfcnhj i <1
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      56 1 j il AITHDIIA Dressed for the occaaoo [SINGAPORE] Raffles City beats them all, Pg2 i ll< .111 (> 111 <Isi 4 I I 1141 I I 111 (iii.itci Pt:i icqdux hipp.'ipi I li l M -\N(H \C I dlvl Girard-Perregaux I »l IMIS I 4♦ I t \< :h !v.i
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Electronics industry output to rise by 19%
      403 2  -  EDriltM growth estimate is 15% which seme analysts say is conservative Reportsbf! David Mok THE key electronics Industry here Is expected to Increase output by almost 19 per cent this year to $58 billion, pushed along by "phenomenal" growth in semiconductors and communications
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    • Article
      Wafer fabrication industry poised for quantum leap
      189 2 OUTPUT from the local wafer fabrication industry is expected to grow 70 per cent to $1.7 billion this year, and to exceed $2 billion next year, the Economic Development Board said yesterday. With wafer fabs in Singapore aggressively expanding capacity this year and
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    • Article
      Travel agents to charge for free services soon
      359 2  -  Beleaguered Natas members hope to recover costs, stem further erosion of margins By- Agnes Wee THE ticketing and outbound members of the National Association of Travel Agents Singapore have agreed to charge for a host of services that they currently provide for
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    • Article, Illustration
      Lock icon Investments in electronics up 60%
      287 2  -  EYE ON TOE ECONOMY Electronics By, Jennifer Lien ELECTRONICS companies committed a record $2.4 billion in investments this year, up 60 per cent from last year, according to preliminary estimates by the Economic Development Board (EDB). These investments in machinery and ouier capital assets, largely
      FRANCIS  -  287 words
    • Article
      HDB extends priority agents list
      166 2 THE Housing and Development Board (HDB) is extending the list of housing agencies whose applications for resale flat approval get priority. The board said yesterday it would consider applications from agencies to be made a "member" of the Listed Housing Agents Scheme (LHAS). The scheme,
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    • Article, Illustration
      Lock icon Raffles City pips 24 rivals for best-decorated prize
      320 2 RAFFLES CITY clinched the award for the best-decorated building this Christmas, beating last year's winner, Centrepoint, and 23 other rivals. The panel of Ave judges, headed by Goh Chong Chia, president of the Singapore Institute of Architects, felt thafßafQes City's showbiz theme
      ARTHUR LEE  -  320 words
    • Article
      Number of visitors from Japan to grow by 10% next year
      344 2  -  By. Agnes Wee MAJOR Japanese tour operators in Singapore expect Japanese arrivals here to rebound to a healthy 10 per cent growth next year. However, they expect spending to decline. The number of arrivals from Japan (both business and
      344 words
    • Article
      Lingle says the East Asian miracle won't last long
      362 2  -  From* Quak Hiang Whai in Hongkong AMERICAN academic Christopher Lingle has joined Stanford economics professor Paul Krugman in questioning the long-term sustainability of East Asia's "miraculous" economic growth. In a book entitled Singapore's Authoritarian Capitalism, Dr Lingle argues that the same
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    • Article
      A case of lawyers v lawyers
      345 3 AT THE Solicitors told not to demand certificates from counterparts By Conrad Raj SOME lawyers are apparently peeved that their Integrity is being questioned by fellow members of the bar. It appears that a number of lawyers acting for banks and finance companies have
      345 words
    • Article
      MAS to sign currency pact with Thai central bank
      346 3  -  Move follows a similar agreement with Indonesia signed last month Byi Conrad Raj IN another move to strengthen ties with its Asean neighbours, Singapore will sign a currency repurchase agreement with Thailand's central bank this week. This will enable either country
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    • Article, Illustration
      More than half of Bare Vista units said to have been sold
      285 3  -  By, Abdhul Hadhi A iffNE WED confidence in the property market saw buyers swoop on units at the soft lauith of phase one of Pare Visft in Jurong West yesterday" Reflecting the favourable response to realistically priced residential
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    • Article
      4 bungalows in Balmoral Crescent to be sold en bloc
      251 3 A FREEHOLD site off desirable Balmoral Road has come up for sale in one of the largest en bloc land parcels to come to the market. Four Balmoral Crescent bungalow owners have banded together to offer 65,978 square feet of
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    • NEWSRoundup
      • Article
        Views on Medical Directive Bill sought
        63 3 PARLIAMENT is inviting written iepiesentstl<in» from the public on the Advance Medical Directive Bill The representations win be for the consideration of the Belect v Committee on the Bill which seeks to give legal effect to advance directives to medical practitioners against artificial prolongation
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      • Article
        konting to deliver Singapore Lecture
        63 3 AUSTRALIAN Prime Minister Paul Keating will deliver J the 14th Singapore Lecture at Shangri-La Hotel on Dec 17 at 3 pm. The lecture on "Australia, Asia and the New Rsghmalism** will be chaired by Deputy Prime Minister and Defence Minister Dr Tony Tan. The lecture
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      764 2 BERGER BERGER INTERNATIONAL UMITED (Incorporated In tie RepuMc of Singepore) NOTICE OF EXTRAORDINARY GENERAL MEETING f- NOTICE IS HEREBY GIVEN thai an Extraordinary General Meeting wtil be held at the Compeny's registered office at 22 Benoi Sector. Jurong, Singapore *****4 on 29 December 1995 at 10.00 a.m. for the purpoee
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      32 2 CO-ttA ftemovibti CO Tow wti BSP Sound Chang* Control* FUjITSU TEN AMATEUR PHOTO STORES PTE LTD. tlßUpwi: Phone; *****33 Kml* Lumpur Phone; 757 0233 PenaHf: Phone; 615 985/619 014 Mate Phone; *****9/*****
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  • FOCUS: PROPERTY
    • Article, Illustration
      Neighbours get a price boost
      770 4  -  Shelford Road is an instance of how new status translates to gains on resale market By Michelle Low [SINGAPORE] HE Shelford W H Road enclave HI nestled off Dunearn Road has quietly turned into a neat example of how new developments can rub off on
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    • Article
      House Hunt
      1167 4 Property transactions for districts U(new postal sectors 28 to 90) and 21(new postal sectors 58 and 59) from Oct ***** Project n&nuv prop Contract Tenure Built-in/ Price Pal Street name type date land area* (sq ft) (sreoo) (s$) 1 55BB!S5S!^B5^M District 11(mr piitil Meters 28 te 99) Non-landed
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      262 4 1 Beef Jalapeno Cream* 3 Chicken Capsicum* 5 Steak It Lobster Combo* Beef tenderloin with jalapeno Grilled chicken breast Grilled sirloin with half cream cheese topped with capsicum a lobster in herbal butter $19.50 peppercorn sauce $32.00 $14.00 2 Red Snapper Black Bean 4 Chicken ft Prawn Combo* retail J
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Doing the honours
      46 5 [BANGKOK] Thai Prime Minister Banharn Silpa-Archa (left) escorting Indonesia President Suharto on an inspection of the guard yesterday. Asean leaders meet today to discuss how the grouping will handle its expansion to include all 10 Southeast Asian states by the year 2000. REUTER
      REUTER  -  46 words
    • Article
      Lock icon Minister's advice for Chinese in Indonesia
      163 5 AFP [JAKARTA] Indonesia's home affairs minister called on the nation's ethnic Chinese not to take part in overseas Chinese movements, a news report said yesterday. "If people understand Indonesia's condition, not one Chinese Indonesian should be attracted to those kind' of movements," Home Affairs
      AFP  -  163 words
    • NOTEBook
      • Article
        Lock icon S'pore top investor in JB
        63 5 Bernama [JOHOR BARU] Singapore tops others in investment in Johor with M 52.27 billion (5f1.26 billion) till June, the state legislative assembly was told yesterday. Menteri Besar Haji Abdul Ghani Othman said Japan was second with M 52.03 billion, Taiwan (M 1846.7 million), India (M
        Bernama  -  63 words
      • Article
        Lock icon Cambodia gets vote of confidence
        85 5 Reuter [PHNOM PENH] US State Department official Kent Wiedemann gave Cambodia's government a vote of confidence after talks yesterday with co-Premier Hun Sen, who recently accused Washington of meddling in his country's affairs. "We don't see any need to worry, we think things are headed
        Reuter  -  85 words
      • Article
        Lock icon Probe finds corrupt land deals in Hanoi
        65 5 AFP [HANOI] Investigators have uncovered nearly 200 cases of corrupt land deals by officials in the Vietnamese capital Hanoi, a report said yesterday. Most of the cases involved corrupt officials handing over public land for private development involving millions of dollars of land,
        AFP  -  65 words
    • Article
      Bosses the target says Filipino death squad
      191 5 [MANILA] A Filipino death squad said yesterday a series of attacks against ethnic Chinese was the result of what it called businessmen's abusive labour practices, but apologised for taking innocent lives in the process. The leftist Alex Boncayao Brigade (ABB) said it was
      191 words
    • Article, Illustration
      Help for Indochina
      635 5  -  ▼anrntOMTHB SUMMIT ASEAN SUMMIT IN BANGKOK PM Oota moots Idea of Amu fond for Cambodia, Laos, Myanmar Infrastructure By Loh Hui Yin INFRASTRUCTURE development is very much the buzz word these days in Asia. So it is opportune that Singapore Prime Minister Goh Chok Tong will raise
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    • Article
      Lock icon US firms plan to invest 38b pesos in Philippines
      260 5 AFP [MANILA] US Arms with bases in the Philippines plan to invest 38 billion pesos (512.06 billion) in the country in the next two years, the American Chamber of Commerce said here yesterday. The survey of 72 companies found that 37
      AFP  -  260 words
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      30 5 M wL Ml WMi tCv>lrOTil At A. Testom Boutiques #01-15/16 Hilton Hotel Shophnc Gallery Tel: *****55 #01-10 Mandarin Hotel Shopping Arcade Tel: *****38 #01-11 Raffles Hotel Shoppinc Arcade Ta: *****03
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      307 5 j» A PC Server offer so good, it everyone will want to take Notes i I j k i S it a t A x i 4 1 I I I, B (Unless, of course, you'd prefer a package that delivers Mail) It's reassuring to know that IBM PC Servers
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Tax changes may hurt growth
      193 6 SHANGHAI Bloomberg Business News CHINA'S proposed tax policy changes could drive away foreign investment and force the economy into recession, warned brokerage house JM Sassoon in a new report. The changes would raise costs for foreign joint ventures and stiffen competition for weakened domestic companies,
      Bloomberg Business News  -  193 words
    • Article, Illustration
      Lock icon A move high in symbolic impact
      552 6  -  CHUA WATCH China is moving slowly but surely towards the free convertibility of its cnrrency By Lu Ning CHINA is moving quietly to lay the groundwork for the free convertibility of the renminbi in current account transactions. Early this week, the People's Bank of
      Source: Bloomberg; ALLAN  -  552 words
    • Article
      Lock icon China sounds out US on Taiwan crisis
      145 6 WASHINGTON 'Nobody knows' hew Washington will react, US official tells Bering Reuter CHINESE generals sounded out the Pentagon last month on how Washington would respond to a military crisis oyer Taiwan. of US strategy in on Tuesday. The US reply that "nobody knows"
      Reuter  -  145 words
    • Article
      Lock icon Riots as ruling parly ousts 2
      122 6 TAIPEI Reuter HUNDREDS of angry protesters battled riot police outside the headquarters of Taiwan's ruling Nationalist Party yesterday as the party held a meeting to oust two of its vice-chairmen. Supporters of vice-chairmen Lin Yang-kang and Hau Pei-tsun clashed with police as they tried
      Reuter  -  122 words
    • Article
      Lock icon More Chinese firms are downbeat about economy
      439 8 BEIJING State survey finds that they fear rapid price rises and capital shortages AFP MORE than 70 per cent of Chinese enterprises foresee no early improvement in the macro-economic environment, expressing fears of further rapid price rises and capital shortages, a survey revealed
      AFP  -  439 words
    • Article
      Lock icon New rules put curbs on joint ventures
      92 8 SHANGHAI Bloomberg Business News THE Ministry of Internal Trade has issued new rules that limit retail joint ventures with foreign Arms to "reputable and financially powerful" companies from the US, Europe and Japan, the Shanghai Securities News said yesterday. In addition, the Chinese
      Bloomberg Business News  -  92 words
    • Article, Illustration
      Lock icon Leading dissident gets 14 years
      257 8 BEIJING Reuter CHINA'S leading dissident. Wei Jingsheng, was convicted yesterday of conspiring to subvert the government and sentenced to 14 years in prison, the official Xinhua news agency said. Wei, who could have been given a death sentence, was also sentenced to three years' deprivation
      Reuter  -  257 words
    • Article
      Lock icon US$13b trade surplus seen in '96
      184 8 SHANGHAI Exports to rise but at slower rate than this year, imports seen going up quickly Reuter CHINA is likely to have a foreign trade surplus of US$l3 billion (5518.3 billion) next year compared to a forecast surplus of US$lB.6 billion this year, the
      Reuter  -  184 words
    • SINOBrief
      • Article
        Lock icon First HK court verdict in Chinese
        73 8 AFP [HONGKONG] Hongkong's High Court made legal history yesterday, handing down its first verdict in the Chinese language in more than 150 years of British colonial rule. The 16-page ruling, which followed the territory's first Chinese-language hearing, found in favour of a 90-year-old woman,
        AFP  -  73 words
      • Article
        Lock icon US panel condemns China's decision
        92 8 AFP [WASHINGTON] A key Senate panel on Tuesday condemned China's decision to install its own choice as the second-highest leader of Tibetan Buddhism over the objections of the Dalai Lama. The Senate Foreign Relations Committee called on the White House to urge China to "respect
        AFP  -  92 words
      • Article
        Lock icon Beijing expects deficit to hit 66.8b yuan
        77 8 Bloomberg Business News [BEUING] China expects its budget deficit to reach 06.8 billion yuan (Ssll3 billion) by the end of this year, an official said yesterday. "It won't pass that sum, which means it's on target" said Qiu Xiaohua, chief economist for the
        Bloomberg Business News  -  77 words
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      297 6 I Visit an empire ruled I n by giant tortoises I M hundred* dand beached dipping f i V Aldabra tortoises. and pirated over two centuries ago, invitingly into crystal I H Much of the the Seychelles lied dcattered clear turquoise waterd. Take the legendary Coco-de-Afer Ocean. Aldabra id dea
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      85 6 WORLDTECH '95 THAILAND I World Tech '95 Thailand, I organized by the I Royal Thai Government I ushers in the world of the future I World Tech '95 Thailand if opens up new avenues to I leading technology from all corners of the world World Tech '95 Thailand 1 includes
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      728 7 in I mi I HI I I WWIIII 111 nnrni II -Ijfc. •'i r 4 *<■' THE METROPOLITAN MUSEUM OF ART 1 k- 1 NEW YORK les_. 4-*.' fi The Metropolitan Museum of Art shops were established to stimulate -»v' Your purchases support the educational activities of The Metropolitan mg
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      185 8 Certificate of Incorporation is issued Forfurther information with company name in Chinese and immediate service please contact: characters 1 Michael J Kingston Corporate documents notarised or offshore authenticated by the Embassy of the CORPORATE SERVICES People's Republic of China 24 English translation of all documents Tdh(6s)l3<2^ Fu (65) 532 5092
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      107 8 I created with Italian passion sensitivity to mctof^ only the owner shall discover. 9 T v R||tt S O Each exclusive piece is issued with a certificate LNTiiRJ 'J I IIOME S O personally signed by the designer. S I.S:j|~3S S) Unsurpassed workmanship, timeless design H0 mww* w ji limited
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      229 9 They say you can tell how civi- through city traffic exceedingly most extreme conditions condi- and enough space for a family of lized a society is by the way it safe, because it places her high tions that would stop ordinary cars. seven. Perfect for picnic hampers, treats its women.
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  • ASIA
    • Article
      Lock icon Anns dealers questioned about Chun's slush fund
      232 10 SEOUL AFP SOUTH Korean arms dealers have been summoned for questioning as part of a probe into a slush fund allegedly amassed by ex-president Chun Doo Hwan, news reports said. Yonhap news agency said 16 leading arms dealers were being summoned on suspicions
      AFP  -  232 words
    • Article, Illustration
      Lock icon NZ dishes up NZ$3b of Xmas cheer for voters
      373 10 WELLINGTON Birch's tax cuts and extra spending reward Kiwis for 10 years of tough restructuring Reuter NEW ZEALAND'S government gave voters a dose of Christmas cheer yesterday, unwrapping a NZ$3 billion (552.7 billion) parcel of tax cuts and extra spending. Finance
      Reuter  -  373 words
    • Article, Illustration
      Lock icon Gems from Down Under
      70 10 [SYDNEY] Australian actress Kate Fisher modelling aAS 1.5 million (SSI. 6 million) bustier, claimed to be the world's most expensive, in Sydney yesterday. The bustier is encrusted with 300 diamonds from Australia's Argle diamond mine set in 18 carat yellow and white gold. The bustier, which
      REUTER  -  70 words
    • Article
      Lock icon Analyst sees delay in resolving bad loan crisis
      286 10 TOKYO Reuter ALTHOUGH Japan has pledged to come up with a scheme to deal with bad loans at housing loan firms by the end of this year, concern has grown that disagreements among financial institutions may delay a decision on the scheme
      Reuter  -  286 words
    • Article
      Lock icon Rajan Pillai mistreated in prison: inmates
      181 10 NEW DELHI AFP INDIAN-BORN "Biscuit King" Raj an Pillai, who died in prison here in July while awaiting extradition to Singapore, was mistreated and denied medical attention, fellow inmates have told a commission of inquiry. The 47-year-old Pillai, who died just four days after
      AFP  -  181 words
    • Article
      Aussie exports to S'pore up 13.5%
      303 10  -  SYDNEY The Republic was fifth largest export market Florence Chong SINGAPORE was the fifth largest merchandise export market for Australia in 1994-95, according to figures released yesterday. A government publication, Composition of Trade 1994-95, showed that Australia's exports to Singapore were worth A 53.64
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    • ASIANotes
      • Article
        Lock icon Japan's real GDP growth set at 2.5%
        68 10 AFP [TOKYO] Japan's Economic Planning Agency, International Trade and Industry Ministry and Finance Ministry have agreed to set Japan's real GDP growth forecast for the year to March 1997 at 2.5 per cent, the Nthon Keizai Shimbun said yesterday. Nominal gross domestic product
        AFP  -  68 words
      • Article
        Lock icon N Korean troop movement noticed
        77 10 Oana-Kyodo [WASHINGTON] A senior US defence official conceded on Tuesday that North Korea has made some advance southward in the past month, but he said that the United States sees the move as signs of internal disorder instead of an imminent crisis. "Probably in the
        Oana-Kyodo  -  77 words
      • Article
        Lock icon First Saarc trade fair in New Delhi
        74 10 Bernama [NEW DELHI] The first-ever South Asian Association for Regional Cooperation (Saarc) trade fair will open in the ?j IndianaipitalonJan9,l996 when the Saarc member countries will display their unique products for sale at the four-day fair. The Baarc countries—lndia, Pakistan, Bangladerii, Bhutan, the
        Bernama  -  74 words
      • Article
        Lock icon Seoul nod for N Korean reactors
        75 10 AFP I South Korea gave its approval yesterday to an agreement between North Korea and a US-led Mf international consortium to build light water reactors for Pyongyang, a spokesman said. The approval came at a meeting of cabinet members here, the government National Unification
        AFP  -  75 words
    • Article
      Lock icon Report submitted on relocating Japanese capital
      490 10 TOKYO Site most be decided npon by end-1997, first-phase work to start by 2001 Reuter A 30-YEAR-OLD idea to move Japan's capital away from crowded Tokyo finally boiled down to a set of conditions and a 2011 timetable, but there were no details on
      Reuter  -  490 words
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      8 10 H Br 1 :^^!l ,#~v i Th—ny, i
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      104 10 I COLLECTIVE SALE PRIME RESIDENTIAL LAND 15 BALMORAL ROAD Prime location in good class s residential district 3 Freehold Title J /\V\ DGP plot ratio of 1.6, up to 10 storeys y /^a\\ Land area: 37,890 sq ft (Approx) If/ /C M Excellent accessibility and proximity to Ji/ reputable schools
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  • THE WORLD
    • Article
      Lock icon US producer prices in highest rise in a year
      272 11 WASHINGTON UPI Reuter PRODUCER prices made their biggest leap in one year during November, rising an unexpected 0.5 per cent, the US Labour Department said on Tuesday in a report indicating inflation may be heating up. The strong increase in prices
      UPI; Reuter  -  272 words
    • Article
      De Beers rough diamond sales bit US$4.5b record
      338 11  -  LONDON Sales strong because market in quality gems doing well By. Neil Behrmann DIAMOND sales at De Beers reached a record of U554.53 billion (596.38 billion) in 1995, up 6 per cent on the U554.25 billion in the previous year. The previous
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    • Article
      Lock icon Chirac ignores protests, tells Juppe to stay firm
      163 11 PARIS Reuter AFP PRESIDENT Jacques Chirac yesterday reaffirmed his faith in Prime Minister Alain Juppe as France's strike crisis neared the end of a third week, increasingly threatening the embattled premier. Speaking the morning after up to two million people took to
      Reuter; AFP  -  163 words
    • WORLDWatch
      • Article
        Lock icon Agreement on sanctions against Iran
        82 11 Reuter (WASHINGTON] After months of negotiations, the Clinton administration and key congressional Republicans have agreed on new economic sanctions aimed at Iran, and the Senate Banking Committee moved swiftly to write them into law. Under the bill introduced on Tuesday by committee chairman Alfonse D'Amato,
        Reuter  -  82 words
      • Article
        Lock icon British unemployment falls
        61 11 AFP [LONDON] The British unemployment total fell by 20,400 in November to 2.244 million, or 8 per cent of the workforce, seasonally-adjusted figures from the central statistical office showed yesterday. This dramatic decline, much larger than the 5,000 Call predicted by analysts, came after a revised Jobless
        AFP  -  61 words
      • Article
        Lock icon Christopher on Middle East tour
        55 11 Reuter [JERUSALEM] US Secretary of State Warren Christopher will meet PLO Chairman Yasser Arafat in self-ruled Jericho on Saturday as part of a new Middle East peace mission, a PLO official said yesterday. Mr Christopher will today start a Middle East tour to try to
        Reuter  -  55 words
    • Article
      Lock icon Lending rate cut by qtr point
      122 11 LONDON Reuter BRITAIN trimmed a quarter of a percentage point off its minimum lending rate yesterday in response to a slowdown in the economy and clear signs that inflation was under control. The move had been widely anticipated but was smaller than the half-point
      Reuter  -  122 words
    • Article, Illustration
      Lock icon German economy likely to post just 2% growth
      385 11 SAARBRUECKEN, Germany Kohl paints pessimistic picture: says jobless rate of 9-3% not expected to improve AFP Reuter GERMANY'S economic growth this year will be no more than 2 per cent, Chancellor Helmut Kohl said on Tuesday, in a fresh sign that Europe's
      AFP; Reuter  -  385 words
    • Article
      Lock icon Buba holds base repo rate steady at 3.98%
      151 11 FRANKFURT AFP THE Bundesbank held its base repurchase rate steady at 3.96 per cent yesterday, injecting a net amount of 7.4 billion marks (557.2 billion) into the banking system under a regular 15-day arrangement But the bank satisfied only 3.0 per cent
      AFP  -  151 words
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      342 11 LONGINES -V' > V V V J, ,1 < V f■« THE LEGEND LIVES ON w .'V- > V."* 4 I v i. Confronting Greenland's icy desert 1936. Paul-Emile Victor crossed the thousand kilometre icecap from west to east on foot, with his Eskimo friends and husky-drawn sledges transporting the
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      369 12 »v y% v Luxury car makers are now making smaller cars. Is this the cause? I ,H^^-:.a; i,s >* v --^f^' t^-'---r; "V Tj''m 5-,."'5J.>, v..'i -H v' While many luxury car makers are offering Powerful is just one of the words that might v*i t -f*- < <'npftH fV
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  • IN MEMORIAN
    • Article
      The lion in winter
      880 13 In tribute to the late Mr David Marshall, we reproduce the Raffles Conversation we did with him in June 1992 THE WORDS thunder across the breakfast table. "There is nothing good about old age. You lose the fire in your belly, you lose your capacity for
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    • Article, Illustration
      Lock icon Vintage Marshall
      2149 13 HE WAS Singapore's first localborn Chief Minister, its best criminal lawyer, its first ambassador to France. And yet David Marshall, 84, feels he has not fully utilised his potential. Why? Because he was only a Chief Minister for 15 months. Because he wonders whether he could have been
      CHRIS LOH  -  2,149 words
    • Article
      Flying the flag in Europe
      651 13 AS ALWAYS, David Marshall speaks his mind. Clearly, eloquently, passionately. And there's no hiding the frustration he has felt with the diplomatic life. "I am a fighter and being an ambassador is shadow-box-ing," he said. "When they offered me the ambassadorship, I was so excited.
      651 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Dayton accords a victory for good sense
      725 14  -  no BOTTOMLDVXS OPINION By Hans Dietrich Genscher Hans Dietrich Genscher was foreign minister of Germany from 1974-1992. His push to recognise Croatia in 1991 is said by many critics to have provoked the outbreak of war in theformer Yugoslavia. IF THE Dayton Accords
      725 words
    • Article
      IN OTHER WORDS
      140 14 The influence of political factors that have been hurting the market is fading, and low-price shares rose on the belief they will be the first to rally as people come back to the market' Jimmy Chn manager of the $267 million Hongkong-listed Formosa Growth Fund after Taiwan
      140 words
    • Article
      Downsizing the welfare state
      480 14 EDITORIAL WASHINGTON could again come to a halt next week if Congress and the White House fail to agree on ways to balance the budget, leading to another shutdown of the government If that happens, it would be a troubling consequence of the fact that the
      480 words
    • Article, Illustration
      Suharto's free-trade stance in question
      991 14  -  Jakarta has put some farm products on Afta's sensitive list. And Asean can only go as fast as its largest member By' Yang Razali Kassim The writer is BT's regional analysis editor JUST about a week before the Asean summit was to take place in
      991 words
    • Article
      WHAT THE OTHERS SAY
      824 14 Both sides sUad to gain MR (Shimon) Peres' multitrack approach looks promising, with some provisos. Syria will want to hear what the Israeli premier tells the Knesset on his return from Washington, and whether this amounts to the intention to withdraw fully from its land. Second,
      824 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      40 14 DQOXESBURYBy Gary Trudeau (HHAVSW AN ALL- O NI6HTBR? Ml KB, \SAIP HB 160/N6T CUHATVI 1 INCUKWS] NIGHT. I'LL S WResecoM- \uwtwthb \*xjupump? f j cumjtup\ INGONeOF WSMLVf {{TOMORROW- J rujp />= (A, RUNNING I SCANNa? IN EVERY- If W I \V
      40 words
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  • EXECUTIVE LIFESTYLE
    • CHATTERBox
      • Article
        Lock icon More honours fot Thompson
        88 15 Reuter BRITISH actress Emma Thompson won The National Board of Review of Motion Pictures* Best Actress award for her performances in two moviea in 1995, the US group announced on Tuesday. Awards in 10 categories will be presented to the winners on Feb 26 next year
        Reuter  -  88 words
      • Article
        Lock icon Phantom fan's night at the opera
        133 15 Reuter THE greatest fan of Phantom of the Opera has struck again, buying every seat for Tuesday's performance of the Broadway hit for the second year in a row. Long Island millionaire Daniel Lehner, 48, bought out the house for Tuesday night*s show and
        Reuter  -  133 words
      • Article, Illustration
        Lock icon I'm no nympho, says Madonna
        135 15 Reuter MADONNA says people have the wrong idea about her—she's not obsessed with sex. The singer who turned sex into an industry with her provocative records, films and books, told ABC TV in an interview aired last night that aha was not the "raving nymphomaniac"
        Reuter  -  135 words
      • Article
        Lock icon Fans cheer as Jackson leaves hospital
        89 15 Reuter .r- FANS cheered as pop star Michael Jackson was released on Tuesday from a New York hospital where he had been treated for a life-threatening viral infection that caused him to feint on stage. Jackson, 37, was released after being hospitalised for six
        Reuter  -  89 words
    • Article, Illustration
      Lock icon Still rocking without Ozzy
      592 15  -  CONCERT Only one member remains from the original line-up, trat Bluffk Sabbath hasn't lest Its tench By] David Mok CALL me old-fashioned, but when it comes to gloom and doom heavy metal, nothing beats the original Black Sab-, bath line-up of Ozzy Osbourne, Tommi lommi, Geezer
      SAM YEO  -  592 words
    • Article
      Lock icon 0l' Blue Eyes turns 80 – quietly
      410 15  - 0l' Blue Eyes turns 80 quietly PEOPLE Sinatra celebrates big day with a family dinner while fans do it their way By Michael Miller Reuter [LOS ANGELES] Frank Sinatra, one of the most revered crooners ever, celebrated his 80th birthday on Tuesday without any of the wild parties that marked
      Reuter  -  410 words
    • Article, Illustration
      Depth behind the dazzle
      476 15  -  Anne-Sophie Mutter showed her ability to handle difficult pieces with consummate ease, writes bxzkjamxnloh BENJAMIN LOH WHILE most child prodigies experience abbreviated concert careers, due in part to their musical development lagging behind their technical dazzle, Anne-Sophie Mutter is one prodigy who has grown beyond her
      476 words
    • Article, Illustration
      Lock icon What's cooking in virtual kitchens?
      933 16  -  INTERNET Computer users hungering for food info can go for bits and bites on the cyber-menn By. Michel Marriott NYT [NEW YORK] Patti Greaney, a no-nonsense maker of television commercials, seldom had much time to cook for herself. But whenever she found a free moment
      NYT  -  933 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      237 15 I Brought to you by: I St^INAPS»CONttRtNCtS I Harbour Hotel B Or John Blakgmorg Mr John Muldcr I Dr John Blakemore is a qualified nuclear An internationally renowned trainer, speaker and ~_j author, Mr John Mulder s specialty is in the areas engineer, scientist, quality consultant and s negotiation skills,
      237 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      207 15 THE WEATHER Singapore: Showers over several areas till 9 pm. Temperature (24-28) AiU-PmOo Hl/Lo* Good. Europe HVU* Good. WLf OMi Auckland 21/13 Showers Amsterdam 03/01 (.loud) \UaiHa IMO Showers Ran Out 29-19 Cloud) Aflten ***** Stower KuenaAira IM7 Cloud)" Hepmc __06.4 (loud) Rerii «/-5 (loud) (tap -V 4 Owe* Bnmhay
      207 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      884 16 BHHUIBVIHB IPVHBHRHI "w I K--f; I £iI! WHERE TO WINE, DINE AND ENTERTAIN f WORLD'S LARGEST BEER i k. ENJOY SUPERIOR DELICACIES AT VERY SPECIAL PRICES! Braised Superior Shark's Fin with Crabmeat at $14.80 Braised Whole Baby Abalone in Special Sauce at $14.80 Double-Boiled Bird's Nest at $25.00 With all
      884 words
    • Advertisement
      Page 16 Advertisements Column 2
      177 16 13,= =setI fancy 'Beijing? 11 Then, we're deGghted to suggest the Tine v ii Courtfor amemorable dining experience. j 1 Our lunch menu offers a variety of dian Xin 'Beijing dumplings, a selection of g|.||| set menus, and 'Beijing specialities H/RYy such as 'Beijing 'BaJgd Tench and leBCMQ Marinated Lamb.
      177 words
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  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      698 17 Fashion Beauty Call for a Colourful Lifestyle. Call 24 hours a day for hot topics close to your heart anything from head to toe. Cost: 30 cents a minute Where to wine, dine and entertain 1 i Ist Dec to 23rd Dec 1995 won innsinids rcems 12 noon 2JO pm
      698 words
    • Advertisement
      Page 17 Advertisements Column 2
      31 17 If it swims, uwHaveit 4A| I V fit Seafood ft %/V /1/ International, OFF 4T uie serve you K the uiay you limit It to be. a "tfnimy&Mjetrr Ttrrirnirw>i»j T* *****11/3
      31 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      709 17 TV&RAMO Itu PM Lapuran Sukan SEA LM PM M.O.G. as Seen on TV «J CN^ABN Ul Abbott and CosteUo Good Morning Singapore. *"*j Mi Uttle Ratals LitUe Consumer. TTT Atnm Anf mi Talkers' Challenge. Drama Arab. J5 At thezS) Ml Mask. Lapuran Sukan SEA Ke AM Shining Time Station. IMi
      709 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      260 17 CRYPTIC CROSSWORD 1 Introduces air with a couple of notes on speeds (7) 5 Girl'e drools about (7) j—^^" 9 Mixed nastier drink (7) j 10 I am accompanying chaps to London area, it's vast' (7) jaunty manner (9) 12 Anna evidently has some birthwas very 1 17 Facades of
      260 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      161 18 1 fe£- i I y y y <- J RfiSORT CO DOMI N I L M |l T% <3*esori Cotolcminiwn, Coast <JZcad f .imE TWif-iisSit.■*• Sf" ~*Mm jHs. <BWt» wU i.'>'» -r lr 1"' "lyiff ifr i J,^v-M 4 «Jfc Mii*. .*£-•>£ PT. *»>•> a > > -'.:> 4 >*&*
      161 words
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  • COMPANIES & MARKETS
    • Article
      CityDev brings forward deals with Rheem
      277 19  -  By\ Lee Han Shih [SINGAPORE] Listed City Developments -Ltd has brought fonflpurd two property deals totallj g4122 million with sister con ajiy Rheem (Far East). tyDev said yesterday it con >leted the purchase of Rhe m's factory site in Hillviei tor $85 million and
      277 words
    • Article
      175% rise in Stamford Tyres interim profit
      279 19 [SINGAPORE) Tyre maker Stamford Tyres Corporation Ltd reported a glowing set of interim results yesterday, with net earnings surging 175 per cent to $1.8 million. The surge was achieved on a 10 per cent increase in turnover to $47 million for the six
      279 words
    • Article, Illustration
      Benpres Holdings thriving on its media, power interests
      738 19  -  HOCK LOCK SEW By S N Vasuki J ENPRES Holdings CorpoI ration (BHC), one of the I most aggressive conglomw| erates in the Philippines, I mF is profiting handsomely ftbm its exposure to the Cast-growing media and infrastructure sectors. Analysts feel that
      738 words
    • Article
      Camerlin said to have up its National Foods stake
      350 19  -  Yesterday's buyer of &3m shares not revealed but jeint ventare kad earlier benghtas%stake From Florence Chong in Sydney SINGAPORE-BASED Camerlin Pte Ltd is believed to have increased its stake in Australia's largest dairy products manufacturer, National Poods Ltd, by 3.28 per
      350 words
    • Article
      Heshe eyes listing for N Asian businesses
      228 19 [SINGAPORE] Garment manufacturer and retailer Heshe Holdings is eyeing a separate public listing for its North Asia businesses. The company said in its latest annual report that its businesses in Hongkong, Taiwan and China would grow strongly. Hence, it may seek a listing
      228 words
    • Article, Illustration
      Lock icon Berjaya link unlikely to boost Parkway stock
      437 19  -  Ven Sreenivasan [SINGAPORE] Kuala Lumpurlisted Berjaya Group's stake in Parkway Holdings will boost the Singapore property and healthcare company's regional expansion but is unlikely to hoist its share price in the near future, analysts said. At current prices, Parkway's share price is already
      ALLAN  -  437 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        Rules for scrip lending ready
        396 20  -  SC guidelines take Malaysia another step closer to sotting op of options and futures market From, Ruth Wong in Kuala Lumpur MALAYSIA has taken yet another step to establishing its options and futures market with the Securities Commission's release of the guidelines allowing stock borrowing
        396 words
      • Article
        GPE in China car audio venture
        174 20 [SINGAPORE] Main board newcomer GPE Industries yesterday announced the formation of a joint venture with two Chinese companies to produce car audio equipment in Chongqing, China. GPE will have a 35 per cent stake in the new company, Chongqing Xugang Electronics, which will have
        174 words
      • Article
        Keppel unit to underwrite IPO
        380 20  -  Asian Terminals' offer to be marketed in Philippines •nil abroad From, Al Labita in Manila A UNIT of Singapore's Keppel group will underwrite the initial public offer of Asian Terminals Inc (ATI), a cargo handler partly owned by two Singapore-based funds, officials said yesterday. Keppel
        380 words
      • Article
        Berger's purchase of 3 Caribbean plants forecast to lift earnings
        335 20 [SINGAPORE] Berger International's acquisition of its UK parent's stakes in three Caribbean paint plants is expected to significantly boost the company's 1995 earnings. The mainboard-listed paint maker announced yesterday that it was paying US$5 million (Ss7.l million) for the companies
        335 words
      • Article
        Lock icon Renong denies takeover of troubled Perwaja Steel
        407 20 Bernama [KUALA LUMPUR] Renong Bhd yesterday reiterated that it was not planning to take over Perwaja Steel Sdn Bhd. Its chief operating officer, Mohamad Zakhir Siddiqy Sidek, said, "We have no knowledge of this matter (that Renong was asked to step in and
        Bernama  -  407 words
      • Article
        Barito, CASH to revive timber alliance plan
        361 20  -  New deal said to be a smaller version of the one rejected by SC From Ruth Wong in Kuala Lumpur A FRESH bid for a timber alliance between Indonesian giant Barito Pacific and Cloblisted Construction Supplies House Bhd (CASH) is likely to be
        361 words
      • Article
        MUI buys fifth US hotel in Orlando for US$38m
        258 20  -  By William Chia [SINGAPORE] Property and media group Malayan United Industries Bhd (MUI) has increased its hotels in the US to five with the purchase of the Radisson Twin Towers Hotel and Convention Centre for US$3B million (5J53.4 million). The 760-room
        258 words
      • Article
        Eastern Publishing makes debut today
        221 20 [SINGAPORE] Eastern PubSesdaq initial public offer (IPO) has been evenly allocated between large and small investors. The company, which makes its debut today and held the balloting for its public offer shares yesterday, will distribute almost 39 per cent of the shares to applicants who
        221 words
      • COMPANYBriefs
        • Article
          QAF in the dark on heavy share trades
          48 20 [SINGAPORE] QAF Ltd said yesterday it did not know why its share price closed seven cents higher at $1.93 on volume of 1.6 million shares on Tuesday. Yesterday, it closed four cents down to $1.89 after 678.000 shares changed hands.
          48 words
        • Article
          FCC raises stake in Seaview Hotel
          34 20 [SINGAPORE] First Capital Corp has bought 19.000 Seaview Hotel Ltd shares at $12.80 apiece, raising its stake in the latter to 21.88 per cent from 21.77 per cent
          34 words
        • Article
          Rise in trading volumes: LC's response
          41 20 [SINGAPORE] L C Development said yesterday it did not know why its share price and the volume of shares traded increased. But it added that it was constantly being approached on business and investment ventures.
          41 words
        • Article
          Fels denies involvment in US$400m deal
          36 20 [SINGAPORE] Far East Levingston Shipbuilding yesterday denied that it was involved in a US$4OO milling ***** million) property deal as reported by BT in the On the Grapevine column yesterday.
          36 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Futures may boost Seoul bourse
        504 21 Officials hope the launch of stock index futures trading in May will bring back liquidity Reuter [SEOUL] South Korea announced on Tuesday that stock index futures trading would begin from May 3, and officials said they hoped it would bring back liquidity to a market
        Reuter  -  504 words
      • COMPANYBriefs
        • Article
          Lock icon CRA mulls government maneger cnditions
          76 21 Reuter [MELBOURNE] CRA Ltd said It was considering the implications of conditions attached by Australian Treasurer Ralph Willis to ths government's approval of CRA's proposed dual-listed company (DLC) mergsr with RTZ Corp pic. Mr Willis earlier said approval was subject to the relevant company articles
          Reuter  -  76 words
        • Article
          Lock icon Taiwan's UMC to postpone GDR issue
          32 21 Reuter (TAIPEn United Microelectronics Corp, Taiwan's second largest semiconductor manufacturer, has decided to postpone a planned US$5OO million (S|7osmillion) global depositary receipts (GDRs) issue overseas.— Rguter
          Reuter  -  32 words
        • Article
          Lock icon Banker sees Hang Seng Under 10,000
          66 21 Reuter [HONGKONG] The Hongkong stock market's Hang Seng index should consolidate below the IQ.OQO level Jor the first halfofl996, said George Lo, chief strategist and head of fund management at Lloyds Bank International Private Ranking in Geneva. Relatively weak earnings growth and a further
          Reuter  -  66 words
        • Article
          Lock icon Mitsubishi to sell GSM-based phones
          38 21 Bernama-Kyodo [TOKYO] Mitsubishi Electric Corp is planning to launch in South-east Asia as early as 1997 digital telephone handsets based on the global system tor mobile communications (GSM), a company spokesman said. —Bernama-Kyodo
          Bernama-Kyodo  -  38 words
        • Article
          Lock icon No tax concessions for Sydney casino
          57 21 Reuter mil ww—wwm in i ii w [SYDNEY) Shares in Sydney Harbour Casino Ltd fell nine ft cents to A 11.75 after the New South Wales government refused the operator's pleas for tax concessions. The company had sought a reduction in the rate of
          Reuter  -  57 words
      • Article, Illustration
        Lock icon Hutchison to float Orange in Britain next year
        159 21 Reuter [HONGKONG] Hutchison Whampoa Ltd chairman Li Ka-shing said the company's British mobile telephone operator Orange would be listed in Britain during the first half of 1996, the Sing Too Evening Post and the New Evening Post reported. Orange is 68.5 per
        Reuter  -  159 words
      • Article
        Lock icon Hopewell, Philippine firm deal off?
        148 21 AFP [MANILA] The Philippine National Construction Corp plans to cancel an agreement with Hongkong tycoon Gordon Wu's Hopewell Holdings Ltd for a huge highway project, a company spokesman said here yesterday. The state-controlled construction company had signed a memorandum of agreement with Hopewell on Sep
        AFP  -  148 words
      • Article
        Lock icon US investors advised to pick up Asian stocks
        390 21 Fond manager says Hongkong and STpore will benefit most from falling US rates Bloomberg Business News [NEW YORK] US investors should sell some of their domestic stocks to buy Asian shares, many of which are less expensive based on earnings forecasts and
        Bloomberg Business News  -  390 words
      • Article
        Lock icon AAP links with more media providers
        226 21 AFP [SYDNEY] Australian news service AAP announced on Tuesday it had forged alliances with a number of financial information providers in preparation for the end of its 40-year association with Reuters on Dec 31. The agreements, including those with Dow Jones Telerate, Bloomberg Business
        AFP  -  226 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon NBC comers three Olympics for US$2.3b
        246 22 NYT [NEW YORK] NBC on Tuesday cornered the Olympic television market by agreeing to spend US$2.3 billion (553.2 billion) for the broadcast and cable rights to the 2004 Summer, 2006 Winter and 2006 Summer Games even before the sites of the games have been
        NYT  -  246 words
      • Article
        Lock icon Kimberly-Clark completes Scott buy
        431 22 USs9.4b transaction creates second-largest consumer products business in US Bloomberg Business News [DALLAS) Kimberly-Clark has completed its US$9.4 billion (5513.2 billion) purchase of Scott Paper Co after reaching an agreement with antitrust regulators over the sale of some assets. The purchase, which creates the second-largest consumer
        Bloomberg Business News  -  431 words
      • Article
        Lock icon Bank of Boston, Baybanks to unite in US$1.95b deal
        418 22 New USsssb entity will are 2,ooojobs and be the 15th largest bank in US Bloomberg Business News [NEW YORK] The Bank of Boston Corp said on Tuesday night that it would buy Baybanks Inc. the leading consumer bank in New England,
        Bloomberg Business News  -  418 words
      • Article
        Lock icon Sumitomo to buy Daiwa's US branches
        183 22 Reuter [TOKYO] Sumitomo Bank Ltd is likely to buy 15 of Daiwa Bank Ltd's 17 branches in the United States and may purchase the assets of Daiwa's trust banking unit in New York, financial daily Nlhon Keizai Shim bun said. The 15 branches have
        Reuter  -  183 words
      • Article
        Lock icon SBC says it plans to introduce unitary share
        242 22 Reuter [BASLE, Switzerland] Swiss Bank Corporation (SBC), one of Switzerland's big three commercial banks, yesterday said it planned to scrap its present two-class share structure by introducing a unitary registered share. The bank said shareholders would be asked to approve the step
        Reuter  -  242 words
      • Article, Illustration
        Lock icon King World may take stake in Sony's Game Show Network
        257 22 Reuter [LOS ANGEIiES] Sony Television Entertainment is close to forging an alliance with King World Productions that would give King World an equity stake in Sony's Game Show Network, sources close to the talks said on Tuesday. Although negotiations could
        Reuter  -  257 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Asian bond business sings the withholding blues
        451 23 Investment bankers and investors say Ugh taxes hindering growth of Asian bond markets Bloomberg Business News (HONGKONG] High withholding taxes are hindering the growth of Asian bond markets and encouraging dodgy tax schemes, say investors and investment bankers. And tax authorities, they say,
        Bloomberg Business News  -  451 words
      • Article, Illustration
        Lock icon Foreign banks find Frankfurt restrictive
        360 23 Reuter [FRANKFURT] Frankfurt is losing out to rival financial centres because its banking regulations are still too restrictive, the Association of Foreign Banks in Germany said on Tuesday. With Frankfurt's key attraction, the Deutschemark, set to vanish in 1999 with the launch of a single
        Reuter  -  360 words
      • SMALLChange
        • Article
          Thai firm's US$60m revolving credit
          58 23 [SINGAPORE] Thai finance and securities company Aaia Credit Public Company Ltd (ACL) has raised a US$6O million (S9B4.6million) three-year tax-absorbed revolving credit facility. The loan, which was more than 50 per cent oversubscribed, pays a margin 0f0.526per cent per annum over the Singapore Interbank Offered
          58 words
        • Article
          Lock icon Polo Park laon out to US$30m
          65 23 Reuter I {HONGKONG} Polo Park Co Ltd's five-year term loan J* facility has been reduced to US$3O million (5J42.3 million) f from US$4O million, said arranger Development Bank of Singapore. The borrower was incorporated by Golden Land Property. The loan was launched on Nov
          Reuter  -  65 words
        • Article
          Lock icon Aboitis sells 100m shares to US fund
          54 23 Reuter [MANILAJ A US investment ftind has bought 100 million shares in Philippine holding firm Aboitiz Equity Ventures V- Inc. AEV executive vice-president and chief operating officer Erramon Aboitiz said the U8 ftind acquired the shares from AE Vs parent firm Aboitiz Co
          Reuter  -  54 words
        • Article
          Lock icon Furman Salz to invest US$200m in India
          90 23 Bloomberg Business News [BOMBAY) Purman Sab Inc, a New York-based securities company managing US$B3 billion (5546.5 billion), said it was seeking opportunities for its clients to invest about UBs2oo million in India. "We should see a lot more money flowing into emerging markets,"
          Bloomberg Business News  -  90 words
      • Article
        Lock icon China joint venture bank's first mandate
        225 23 Bloomberg Business News [SHANGHAI] Morgan Stanley Group Inc's joint venture investment bank in China was hired to arrange the first foreign investment in a Chinese onshore oil producer. North-east China's Jilin Oil Group agreed to retain the joint venture bank, China International Capital Corp,
        Bloomberg Business News  -  225 words
      • Article
        Lock icon Shanghai to ban part-time brokerages
        148 23 Reuter [SHANGHAI] The Shanghai Commodities Exchange will ban part-time futures brokerages from doing business for customers and an announcement is possibly to be made as early as today, officials said. The ban is in line with a set of regulations governing part-time brokerages issued in
        Reuter  -  148 words
      • Article
        Lock icon Bankers Trust replaces head of derivatives trading
        241 23 Move part of revamp after allegations of fraud and big losses Bloomberg Business News [NEW YORK] Bankers Trust New York Corp has replaced its top trader of derivatives and reorganised management of the embattled business after two years of lawsuits, fraud allegations and
        Bloomberg Business News  -  241 words
      • Article
        Lock icon China firm gets loan to buy US satellite
        126 23 AFP [BEIJING] China's leading commercial bank has agreed to a US$l3O million (SslB4 million) cash loan to allow a Chinese telecommunications company to buy a satellite from the United States, a report said yesterday. The agreement was signed by the Industrial and
        AFP  -  126 words
      • Article, Illustration
        Untitled
        1153 23 IWTHEBAMK (JOERBWCT EATBS 4pm, om 3 Afttast S$ MatastUSS AfrtMtSl A«atat«SS CwortM X OWf OM Off* Cwwtht WO Off* Hi Off* -< -tttt* »3-"S JK SS. fill Him jinn 1.0517 Lflsn 0.7427 0.7432 11H11I1 mm 0.0*20 0.0021 2,212.750 2.203.150 fir If I Ml 1.0204 1.0295 1.3764 1.3769 RUMM 0.0004 0.0006
        1,153 words
      • Article
        Lock icon CURRENCY REPORT
        160 23 Reuter AFP ItfMdOß iii THE dollar was slightly firmer in European trade but dealers said the seasonal lull and uncertainty ahead of possible interest rate changes in Europe were likely to prevent the emergence of any new trends. UK Chancellor Kenneth Clarke and Bank of England governor Eddie
        Reuter; AFP  -  160 words
      • Article
        Lock icon Total presses ahead with Iran oil project
        309 23 ENERGY REPORT Reuter [DUBAI] French firm Total SA will start drilling for oil and gas in Iranian Gulf waters early next year, a source at the company said yesterday. Total is planning to drill three development wells in March in Iran's Sirri E
        Reuter  -  309 words
    • COMMODITIES&FUTURES
      • Article
        COMMODITYReports
        920 24 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market shed 17 sen to M 515.82 per kg on heavy offerings. Traders said the fall was in line with the weaker performance of the metal on the London Metal Exchange. LME tin was down by US$7O overnight on selling
        920 words
      • Article
        Lock icon SIMEXReport
        1105 24 Reuter [SINGAPORE] Simex Eurodollar futures ended little changed in thin trade and dealers said they are likely to hold firm despite coming under pressure from a stronger than expected Producer Price Index (PPI) on Tuesday. March Eurodollars ended unchanged from their previous IMM settlement at 94.57. June were at
        Reuter  -  1,105 words
      • Knight-Ridder Commodity Summary
        • Article
          Canada beef makes headway in Asia
          96 24 [WINNIPEG] Canada's beef industry is Starting to make headway into the Asian markets at the expense of Australian beef, industry sources said yesterday. Ron Gietz, with the Livestock Market Analysis Division of Alberta Agriculture, said the Australian beef industry had lost ground in its
          96 words
        • Article
          India in sugar export deal
          116 24 [NEW DELHI] India is likely to sign export contracts for 500,000 tonnes of whfte sugar over the next two months, raising total exports in fiscal 1995-96 (Apr-Mar) to one million. A senior sugar industry official said the contracts are likely to be inked in the
          116 words
        • Article
          US cotton prices continue to rise
          128 24 [TOKYO! US extra-long staple cotton prices continued rising on scarce offerings, forcing some reluctant yarn spinners into the market to secure needs before supplies run out completely, traders said. US pima prices were quoted around 180 cents (552.54) per pound FOB, up strongly from
          128 words
        • Article
          Griffin oil output to resume
          62 24 [SYDNEY] Production of Griffin Venture crude 60 km offshore from Onslow, Western Australia, is expected to resume today after the vessel for production was intentionally disconnected last Friday due to a cyclone in the area. Once the vessel was reconnected, it would immediately return to
          62 words
        • Article
          Guatemala to carry on coffee export
          67 24 [GUATEMALA CITY] Guatemala is unlikely to add its voice to calls from other Central American countries for a halt on coffee exports because most of its crop is already pre-sold. Max Quirin, president of the National Coffee Association, said: "Some producers are already refusing
          67 words
    • Article
      COMMODITY PRICES
      934 24 gWOMfUTUBHi Deci3 iitMSSgT" M fe: —W .iwpi "MR.-..I -fML,, *P*PPif* sgs §s |i i s V micwrMeTmcwtwte MM opm 6 Mm* TjU In Sett ftMMt) MifWl .I*,II<», IHri i.i i.iiTTKi i BTn'iTn-Ti" 1 f -V i C- v 'SB EJI A »j| Us ss sB 4 v A"
      934 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2263 25 -2&29 STOCKS ended lower in directionless trading. The market was locked in a tug-of-war between profit-taking in blue chips and active buying of banks and other flnancials on hopes of lower global interest rates. "The banks are seeing a lot of attention. We're in an environment where we're seeing
        2,263 words
      • Article
        Sydney
        623 25 4105 Share prices finished higher as a traditional pre-Christmas rally countered weak offshore leads on Wall Street overnight. "Historically, we tend to have a Christmas rally and we are starting to see that happen again," a trader said. The All Ordinaries Index rose 10.5 points to 2,225.6. The All
        623 words
      • Article
        Manila
        380 25 +0.46 Share prices rose slightly on concern over next year's economic outlook. "There's no fear, just concern on how next year would look like with a (proposed) wage hike, oil price hike, and the implementation of the expanded value-added tax," said an analyst. The PSE Composite Index rose 0.45
        380 words
      • Article
        Taipei
        356 25 +5&61 Share prices ended higher thanks to institutional buying, with all eight major categories of shares posting gains. "Institutional investors played a key role in the wave of upswings amid their attempt to window-dress their year-end financial reports," said a trader. The 321-issue Weighted Price Index gained 58.61 points
        356 words
      • Article
        Seoul
        433 25 -1171 Stocks fell for a third consecutive day as investors bid down shares in large manufacturing companies on concern the country's economic growth may decline next year. The large manufacturing Arms have been reluctant to expand their facility investments, expecting lower economic growth next year amid slow sales at
        433 words
      • Article
        Wellington
        436 25 +25J6 Shares ended higher, but not on the back of Finance Minister Bill Birch's NZ$3 billion (512.94 billion) tax cut and spending package. "I think that was all very well signalled and I would discount the package as a factor in the rise of the market today," said a
        436 words
      • Article
        Bombay
        116 25 +34*33 Share prices finished broadly higher, helped by selective buying by foreign investment institutions (FUs). The 30-share BSE Index closed 34.33 points higher at a provisional 3,068.16. The 100stock National Index firmed 7.85 to 1,410.12. "FII buying pepped up the market," a dealer said. "It slowed down the selling
        116 words
    • WORLD STOCK MARKETS
      • Article
        London
        632 25 ♦7J LEADING share prices closed mostly firmer, cheered by news of a v* -point cut in UK bank base rates, but the market lacked conviction as Wall Street wallowed just above the previous closing level. The FTSE 100 index closed 7.5 points up at 3,662.4 after falling short of
        632 words
      • Article
        Untitled
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        248 words
      • Article
        New York
        676 25 ♦3LBO US stocks rose as shares of steady-earning drug, health and household products gained. A drop in computer and software issues tempered the advance. Shares of Merck Co, American Home Products Corp and Kimberly-Clark Co rose as investors looked for stocks of companies whose products are always in
        676 words
    • Article, Illustration
      Lock icon HONGKONG
      2403 26 Bloomberg Business News Hang Seng -6JI SHARES ended little changed In drifting, sideways trade. Dealers said investors were retreating from the market as the Christ- mas holidays approached. The blue chip Hang Seng Inilex shed 6.91 points to end at (•$,920.88. The All Ordinaries Index was down 2.75 to
      Bloomberg Business News; FRANCIS  -  2,403 words
    • Article, Illustration
      Lock icon CHINA
      519 26 Bloomberg Business News Reuter rl Shanghai B Share lata +&3I SHANGHAI B shares rose for the first time In a week, led by Shanghai Dajiang, as some investors bet that lower inflation would lift corporate profits. The index rose 0.36 point to 49.03. Trading was worth US$l.7 million. China's
      Bloomberg Business News; Reuter  -  519 words
    • Article, Illustration
      Lock icon BANGKOK
      1148 26 Bloomberg Business News P SET Mm -7JI THAI stocks fell, led by telecommunication and property shares, on concern the Bank of Thailand would keep interest rates high in the short term. Analysts said telecommunication and property stocks were sensitive to interest rate concerns because most companies in the sector
      Bloomberg Business News; ALLAN  -  1,148 words
    • Article, Illustration
      Lock icon JAKARTA
      1017 26 Bloomberg Business News PCuporitoMg 43> STOCKS fell for a third day as news that Indonesia is planning a change in bank reserve requirements convinced investors that interest rates in the country won't Call soon. "Despite what the Fed does, this is a sign that rates will stay firm for
      Bloomberg Business News; BCRUZ  -  1,017 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares gain a second day, led by blue chips
        6622 27 KUALA LUMP U R Reports Bloomberg Business News yiOimpogfrlMfai +&03 MALAYSIAN shares gained a second day as investors bid up prices in a small group of large-capitalisation stocks. "I think the market is going to see just a bit of window-dressing
        Bloomberg Business News; ALLAN  -  6,622 words
    • WARRANTS&OPTIONS
      • Article
        Amsteel: good bet for risk-seekers
        229 28  -  WARRANT WATCH -By R Sivanithy AMONG the most active counters here and in Malaysia yesterday were Amsteel's new warrants. In total, almost 16 million of these instruments were traded in Kuala Lumpur and on Clob International, which makes it worthy of notice. The five-year warrants
        229 words
      • Article
        Untitled
        3167 28 NH LM* v« Day LeetOwete VM Av* Me* Lew Mm Ci—aay M» r la» »«yer tettf HM Prtte 56 45 JOOO ■WNdMHOi 48*1 4T 49 374 120 m 3001 AmcotW*****5 272 *2 224 273 270 271 273 2*7 533 48.5 m AmsteetWOO 52 »342 533 48.5 51.5 52 82 48.5
        3,167 words
    • Article
      CLOB INTERNATIONAL
      1907 28 •r Or Mi Laat v* aw LaatOaata Ok Hi W IM M Cap >801 Laar M» C—MT tali roooi M|ll Lw Oayar M>r CV Wl f 471 ft* 5000 AiSSSOc 432 ct *2 2* tit 430 00 43* 11 l< U Hi 441.1 127 1%S m SOD AMMSOc
      1,907 words
    • STOCK EXCHANGE Of SINGAPORE
      • Article
        Untitled
        1804 29 TUMMVUeOOO) VAUK COOO) SSL 121 -Jtt Stt I32± 535ttS 40,023 3*032 98,055 rr»,70* **.*****730* FIMMC* MM 20.03* 293*4 *%4*T 20,17* M372 MM 4JQ 3,037 7,350 9,713 1N0 15.7*3 5.9*6 >4,744 20.732 2*,00 H.J34 47.644 PtowUMoo 43*7 43*7 MM MM MM* 2*79 2.679 iM» UN •UN (3.062 MJN 29.449 1*3** 10.72*
        1,804 words
      • Article
        MAIN BOARD
        4305 29 cr Or H «rt 199S Lest V*4 Day Last Quote Div Wv YM Net Cap A«« HH* Lear BtMo Cimpeny I* rOOO> nmi Lo» ■uyor h*«f CV W MDUSTKIAIS 210 T76 1254 AcerSOc US185 -1 4 M5 185 MS 187 3062 490 318* ml 1000 Acme SOc 470
        4,305 words
      • Article
        SESDAQ
        836 29 Or Or M art •m Uat Vai toy LMt OiMt< ON Mv Vld Nat Cm A»4 N>f» L— t«Na Cli>«WY *ata rOOO) Hit* Law 0»yar M Cur P/t $m« Ww ksbm 322 40 2000 A0RHM«i9c 302 -4 105 300 302 302 304 HO II OJ 65.7 1334 303 200
        836 words
      • Article, Illustration
        Lock icon HOT STOCK
        74 30  -  By Shiv Taneja FRANCIS LUM Chang Holdings rote tight cents yesterday to $1.31 on a roJiOTf of over two mUBon stem. But the met Is likely to/till bode in the days ahead as there is no tupport at the current Aito, daify RSI and Stochaetk* are Heavily overbought
        FRANCIS  -  74 words
      • Article, Illustration
        Blue chip shares lead gains in late afternoon rally
        853 30  -  mCKHiBIBT COMMENTARY Year-end window dressing by fond managers and tomorrow's launch of KL futures market cited as main reasons for surge By R Sivanithy [SINGAPORE] After a slow start, a sudden afternoon surge by blue chips on both sides of the
        853 words
      • ON THE GRAPEVINE
        • Article
          C&W in defensive move
          86 30 CARLEA WIRELESS' decision to appoint HoareGovattasJointbrokar with Casanova hat fuelled speculation that it ia expecting a takeover bid. The parent of Hongkong Telecom wm thrown into diaarray last month whan daahee between chairman Lord Young and chief executive James Roes came to head, resulting in both
          86 words
        • Article
          Scaling Simla
          181 30 PANSAK VINYARATN, the nattUy-dreseed editor-in-chief of the newty-launched regional daily newspaper, Asia Tbms, may be building castles in the air—not to say anything of his presumptions about Indian tea-drinking habits when ha says ofhia newspaper "1 hope we sell in (the Indian hill station of) Simla. Woultet K
          181 words
        • Article
          Ah so, it's a buy
          107 30 B-3-2-7. No, if a not a new Boeing. For the uninitiated, ifs aUS brokerage stock rating method, which ia very if ia A-D, ibll^wiS^^maetr2^MnSw'S«r ?T<r ranked 1-4, and a third aet, ranked 7-f. On a alMtegacalaofAtoD(theal>habet riaka), ApreeeatsnoriakwhDeDwfllbe typically attached to ctanpeniea operating in the
          107 words
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      Page 20 Advertisements Column 1
      77 20 Wf WE'LL GIVE YOU THE MOON, THE SUN AND THE STARS (ANDA WHOLELOTOF GREAT-TASTING FOOD TOO!) ec in3opor ei |V\\l a^ rM tl el ta n ***>*. rk n a "WiK»o 4inS«puro", cr Qs j»^ n t,v e "i 4p r 3 ow,he ""*>■"^ f v% 0 moon ,he,unon< >
      77 words
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      Page 20 Advertisements Column 2
      105 20 STHE UNIVERSITY OF HULL England 1927 INNOVATIONS ADVANTAGES First to offer TQM and a Systems Approach to Creative Problem Solving First to offer Entrepreneurship and Project Management as core modules Completion months 312 seminar hours; 100% conducted by Hull and its international associates HHHMiififilßiMaMMiifcHfll First to provide Fax-A-Professor© and Date
      105 words
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      Page 21 Advertisements Column 1
      622 21 EASTERN PUBLISHING LTD (Incorporated in the Republic of Singapore on 21 November 1981) Invitation in respect of 14,000,000 New Shares of $0.10 each at $0.36 for each New Share, by way of public offer, payable in full on application The Board of Directors of Eastern Publishing Ltd ("EPL" or the
      622 words
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      Page 21 Advertisements Column 2
      106 21 =%.<?'<|@^]^_\^.="=)&()`>*}+>(* "V This announcement appears as a matter of record only December 1995 EASTERN PUBLISHING LTD I (lnroqx>m»a m tw FXput*: o< Smfl«poft on 21 Nowmbr 1W1) I Invitation In respect of I 14,000,000 New Shares of $0.10 each I at $0.36 for each New Share, by way of public
      106 words
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      Page 22 Advertisements Column 1
      659 22 Thakral Corporation Ltd (incorporated in the Republic of Singapore) ANNOUNCEMENT I The Board of Directors are pleased to announce the following unaudited results for the Group and the Company for the half year II ended 30th September, 1995 and the results for the 12 months ended 31st March, 1995 as
      659 words
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      Page 23 Advertisements Column 1
      106 23 IWith a worldwide team of 125 multi-disciplined B professionals and a network of international offices, I OCRA provides confidential and cost effective company I formation in all the major low tax areas including: •BRITISH VIRGIN ISLANDS -CAYMAN ISLAND I IRELAND JERSEY •SEYCHELLES SAMOA 'BAHAMAS Full professional after sale services provided.
      106 words
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      Page 25 Advertisements Column 1
      26 25 iHBwl jBgHBHbgM HORLOGERIE PiageT MIbI Ductr, t 18 K gold, KSBilfc PIAGET Boutique: "01-098 NgeeAnn City Tower B, 391 Orchard Rd, Singapore *****4 TeL 732 6831.
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      10 26 ■HBV > JM M| V J J/hhbl O i Cm I'uJmr*
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      Page 26 Advertisements Column 2
      52 26 The* Business Times t H r t> R K Putter. Sharper. Deeper A bold new l(wk and a fresh approach lo (lie news and views. Kaxlrr willi I lie news, aitd with tlie meaning or tlic news. Sharper focus on business and markets. Deeper analysis of treads. ami more opinion
      52 words
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      Page 27 Advertisements Column 1
      26 27 Qnickstock... WiTilMlfTiTiW)]kWiTiTfkM ■°l "Jfotio »<""""' 'Iks l «*y*"<">y*""- W n track of yoVj^O-— Lets you make timely decisions on your investments. V '—mime A« SPH AudioTei Scrvicc
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      Page 27 Advertisements Column 2
      49 27 BlancfaiN Since 1733 there has NEVER BEEN A QUARTZ BIANCPAIN WATCH. And there never will be. f TMt HOUR GLASS T*atf»m*yi Shoppy Cann W *****20 Lucky PUn W *****(2 Scorn W *****27 fWmuii Bin M *****09 Raffias %L: *****41 MALATVA THE HOUR GLASS Lstlo omm. Kmta Lumpuf M 03-*****20
      49 words
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      Page 29 Advertisements Column 1
      72 29 HERMES Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD W- ■HB^|E||Q£if£SP23^^B Jg (A wholly owned subsidiary of DICKSON CONCEPTS (INTERNATIONAL) LIMITED 1 lj| DICKSON WATCH A JEWELLERY: THE PROMENADE 300 Orchard Road 901-03 Singapore *****1 Tel: *****00 IB I CENTREPOINT-178 Orchard Road §01-05/06 Singapore *****3 Tel: *****22 Hi |E? .a^»l
      72 words
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      Page 30 Advertisements Column 1
      227 30 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. N AND IN THE MATTER OF SAA PRINTING INDUSTRY PRIVATE LIMITED NOTICE OF SPECIAL RESOLUTION (PURSUANT TO SECTION 29«IMk) At an Extra-Ordinary General Meeting of the company held at 203 A Lavender Street. Singapore *****3
      227 words
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      Page 30 Advertisements Column 2
      379 30 IN THE MATTER OF THE COMPANIES ACT. CAP. M HANATA TRADING PTE LTD (Morten* ValMtmr? WWh| Up) NOTICE IS HEREBY GIVEN in punuance of Section VMt (I) of die Companies Act. Cap. 50. thai a final general meeting of die abovenamed company will be held al the office of Lee
      379 words
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      Page 30 Advertisements Column 3
      337 30 Singapore Closing than Pile— 13/12/1996 CLOSE PREV LOW HIOH Willis US$ uss uss uss \IVIIr Jardina Mathaaon 6.66 6JO 6.60 6.70 HJardirta tlialaglc 2.61 2.76 2.63 Dairy Farm 0.61 0.60 OJO6 0.616 Hongkong Land ,1.76 1.76 1.76 1.77 Mandarin Oriontal 1.24 1.20 1.16 1.24 Jardlna Stralaglt WS6 0.26 0.276 0.276
      337 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      312 31 Knight Ridder Reuter A STRONG early Panamax market in the Atlantic was backed up by reasonable enquiry for handy-sizes from US Gulf in particular. But, continuing the pattern seen through much of this month, less buoyant conditions marked the Pacific with handles struggling to maintain previous rate levels.
      Knight Ridder; Reuter  -  312 words
    • Article
      MARITIME STOCKS
      277 31 to no n *t- w CWT OMributlon 148 *0.02 49 Chuon Hup 1.18 unch M Cmco Invoitmorrt ._L86 *0.02 t FtLS 6.65 *0.25 1623 FrptaMUnks a 77 *00)03 OSnoMnfi Ut *0.03 446 Mot Sun Hup 0.925 unch 90 HKacMZPMn 1.03 -OOI 72 WCMeWnn MHSlM Joy« HoMnqs 168 *0.09
      277 words
    • Article, Illustration
      Danzas to focus on expanding S-E Asian network
      487 31  -  Swiss-based transport giant to open new offices in Malaysia next year By' Yong Mei Fong [SINGAPORE] Swiss-based transport giant Danzas is making the expansion of its South-east Asian operations its top priority. The company, which has about 700 offices worldwide, already has
      487 words
    • Article
      Talk of UN deal premature: Baltic Exchange chief
      457 31  -  From'. David Hughes in London SPECULATION that London's Baltic Exchange is about to finalise a deal to become the sole chartering agent for the United Nation's worldwide peacekeeping operations have been dismissed as premature by the Baltic Exchange's chief executive, Jim Buckley.
      457 words
    • Article, Illustration
      Lock icon New Intertanko managing director's 'to dos' list runs long
      608 31  -  MUIWBIAW! i By Yong Mei Fong DAGFINN Lunde stepped into his new shoes as the managing director of the International Association of Independent Tanker Owners (Intertanko) just over a month ago. But he has already swung into action, tackling issues affecting
      CHRIS LOH  -  608 words
    • Article
      Lock icon Keating to lobby for Malaysian navy contract
      314 31 Aussie prime minister to discuss As3b contract daring visit next month Reuter [CANBERRA] Australian Prime Minister Paul Keating will lobby Malaysia to award a As 3 billion (Ss3.l billion) patrol boat contract to Australia's Transfield Shipbuilding Pty Ltd, during a visit to Kuala
      Reuter  -  314 words
    • Article
      50% target for Asian port state control inspections by 2000
      211 31 [LONDON] Up to 50 per cent of all vessels operating in the Asia-Pacific region will be subjected to port state control inspections by the year 2000. At present 36 per cent of vessels are inspected, said Michael Hubbard, director-gen-eral, Ship
      211 words
    • Article, Illustration
      Lock icon Philippine ferry catches fire, killing at least 17
      225 31 [MANILA] Some 17 people were feared dead after a fire yesterday aboard a Philippine ferry spread so rapidly some passengers were forced to jump into the sea without lifejackets, survivors and rescue officials said. "The fire just kept growing. I jumped off
      REUTER  -  225 words
    • Article, Illustration
      Lock icon Commercial reality hits hard
      956 32 KUBSIAN PORTO ZN TROUBLE: WAKING UP TO COMPETITION tjnder threat from all sides, Russian ports are gearing up for major reorganisation as they slowly realise that their survival may depend on how well they can cope with changing business circumstances and tough competition Fairplay EUSSI AN
      Fairplay  -  956 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      322 32 PAGE ACL n AM. 3 Able 7 Accord 10 AMers 6 Ahrenkiel 4 Appenship 4 Astro 13 Austral 11 Avant 6 BSA 11 Batamindo T B'tanq Mas W BngM Express 6 CCNI 4 CNA 11 COSCO 7 CSAV 3 Centenary 7 Central Ex
      322 words
    • Article
      SHIPPING GUIDE
      10244 38 Ti v«m»i Voyaqa Pg ETA ETA Advartlsar VmwI Voyaga Pfl CTA ETA Advartlsar Vassa. cm M No No. SIN Dtst'n N«M Nam* jj*. 23/12 25/12 PUL HYUNDAI MALACCA 094N *7 A 24/12 24/12 ACL KOTA RIA RIAI23 24/12 26/12 RCL KOTA RIA RIA123 Wm« DELMAS SURCOUF 002W 5
      10,244 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        561 43 VMM* ¥#y Nt Mft» Arrteal #6»artart -a (W)IMj»9 Jaya 6/95 (tTXarau iHra VTi Jl ><-K/V«0 (ITMMaH 1W "522S (ITKanab 23/95 Jl •*«»">• R12/0400 Cafta CioMnct 12/95-02 JB akXKjvfla RB/OMO Co«?r M W? Doagsrtt RH/1500 Craw 21/95 JWl ataafs* RI2/060G IomIO B/05/95 J7 lorqilM RI2/1300 ,oA«o«r J20 alonfliidt R12/0200
        561 words
      • Article
        CONTAINER SCHEDULES
        1506 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/BoUnc* Rstls Ship Voy No Etb/Btr Period From To From AO It* 26M M/1700 W 13/1500 U/l*54 U/1900 13/1500 13/1*59 13/1*0 xiuh oto* *moo a u/roT m/o*59 m/otoc 14/0700 M/H59 M/MOO 4 14/1200 14/1459 14/1700 mhBh aa */0700 i am
        1,506 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Asian airlines feel heat of high jet fuel prices, review budgets
        480 44 Prices in S'pore have jumped about US$7 a barrel since mid-Aug to U5527.50 Reuter [SINGAPORE] Asian airlines are feeling the heat of three-year-high jet fuel prices and are considering an increase in ftiel budgets to meet rising demand in
        Reuter  -  480 words
      • Article
        Lock icon Manila may ban China Airlines flights
        338 44 AFP [MANILA] China Airlines may be banned from flying to the Philippines following an aborted takeoff by ohe of its jets that disrupted operations at the country's main airport, a government official said yesterday. Panfilo Villaroel, head of the Air Transportation Office, said the
        AFP  -  338 words
      • Article, Illustration
        Lock icon DIY car charger
        60 44 [ATLANTA, Georgia] John Wallace (right), director ofelectric vehicles division for Ford, explaining how Ford's electric vehicle charging system works to Ken Niiya, of the Toyota Motor Corp, on Tuesday during the Electric Vehicle Association conference. The newly unveiled prototype of the conducive charging station will allow an
        REUTER  -  60 words
      • Article, Illustration
        Lock icon Virgin Airways ready to challenge BA globally
        366 44 Reuter [TOKYO] British entrepreneur Richard Branson said on Tuesday that a £3 billion (556.5 billion) expansion plan at his Virgin Atlantic Airways would come at the expense of an old rival, British Airways (BA). "We've decided to take on British Airways on a
        Reuter  -  366 words
      • Article
        Lock icon Asia to launch satellite system to guide aircraft
        382 44 Plan to ease congestion in airports and airspace in region AFP [SINGAPORE] Commercial aircraft flying over at least eight Asia-Pacific nations will be guided by satellites next year under a plan aimed at easing congestion in airports and airspace in the region,
        AFP  -  382 words
      • Article
        Lock icon Iberia's net loss 75% lower
        148 44 Reuter [MADRID] Spanish flag carrier Iberia has reduced its net losses by nearly three quarters this year, putting it on the road to recovery, chairman Juan Saez said on Tuesday. The parent company's end year net loss will be 10-12 billion pesetas compared with 41.5
        Reuter  -  148 words
      • LOGBook
        • Article
          Lock icon Air India to fly to Entebbe, Tel Aviv
          94 44 AFP [NEW DELHI] Flagship carrier Air India announced on Tuesday that it will resume flights to Entebbe and Tel Aviv from New Year's Day. The state-run airline said it would extend one of its three weekly flights to Nairobi to the Ugandan
          AFP  -  94 words
        • Article
          Lock icon Isuzu to form UK truck sales venture
          113 44 Reuter [TOKYO] Isuzu Motors Ltd agreed to form a London-based joint sales venture in January next year with La Service pic to market Isuzu brand 2-tonne to 3-tonne light trucks in Britain, an Isuzu spokesman said yesterday. The new company, Isuzu Truck (UK)
          Reuter  -  113 words
        • Article
          Lock icon GM at odds with Ford, Chrysler: paper
          81 44 Reuter [NEW YORK] Ford Motor Co and Chrysler Corp are announcing a recharging system that could make electric cars more convenient, USA Today reported on Tuesday. The two car makers are hoping the SCI Systems Inc recharger will be the industry standard, but
          Reuter  -  81 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1492 44 CITY FLIGHT ETA FLIGHT LTD S0001 TV40 UA002 0615 ILI Muki $0441 1550 GA903 1210 UAT702 0915 BY616 2125 0X717 1235 CX7N> 0640 CI665 1335 S0860 0915 "55 W 2050 S0865 1440 S0862 1315 2045 _j_ CX7I3 1525 CI666 1440 Aastartaa KL843 0545 KL838 2335 0f7B
        1,492 words
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      1380 32 i MasermMm&t i i otwcb pcaTMATtONS I i NORTH AttmcA i DIRECT CAU-TO WEST COASTtSCJQ I WE3TCOABT Of CBITRALAMEHK* (MMWAWT* SEBVICg SMOAPOW CAUFOWm BW»(OtCT fflOM WKT COW) I mm. vot eum I dbshl u om va mi ok m noon wssa Ivor m ramuu muw|wm»wi wai^|MiiflMßo|«aiiu««« mco vpm vot iosmmb
      1,380 words
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      Page 32 Advertisements Column 2
      247 32 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. for advertising enquiries, contact Shipping Times. r«f 740-2089 B|l 1900-912 cents a ■WIjT Til»/tl *KSIM MlillL 1 itl APIL 15/12 RdrrVAtw AJK/Nantes W' hope 17/12 2CVI2 RdrrVAtw/UK*»antes LottQg EjW Mrtayga. Indonaaw J Isammi
      247 words
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      1300 33 PAQFK SOUTH WIST EXPRESS (DKICT) 1 Ivcsa vot giro mm lux lok| o* l lan pot wou 1 urc I wo« WT HUDSON HBDGI MA 14/12 14/12 31/12 02/01 M/Oi 04/01 04/0) OS/B1 05/01 it/01 07/01 MUM)O»MIBKA 41A 11/12 21/12 07/01 00/01 10/01 11/01 11/01 11/01" 11/01 W 14/01 KfIWCWg
      1,300 words
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      Page 33 Advertisements Column 2
      1851 33 HANJIN SHIPPING I USA CANADA |k m M |n M |ik w qi m m m m tk tk 11/ot u/»i u/»i u/ii 14/ti 15/01 ""m/oi iyoi »$/»i u/oi u/»i 15/01 11/01 ia/oi it/» n/oi "lyoi ii/«i 10/01 m/oi jo/oi n/oi a/oi ii/ii n/oi a/oi n/oi »/oi n/oi n/oi n/oi
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      688 34 KBSa VOY HAM MAM AWT Utt STOM P KEUNC SIN H*6 UO TYO SM KOK I NA6 I iwAtiAM OA/74; 22/11 ~WTT 23/11 H/11~ 14/1? n/12 ?T7n a/Tf hs/i 2 24/12 Miama 21/447 25/11 n/ii 72/11 21/11 gjj 17/1; n/12 21/12 25/12 24/12 iwwa OS/20 ~mr 1/12 ~wn~ 3/12 22)12
      688 words
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      Page 34 Advertisements Column 2
      931 34 I NORASGTI VESSEL VOY 8M ALO LAS BCL VAL HAM BRE ROT ANT FEL LHA SEA ENOEAVOUR 549W 19/12 S2*l 91*1 9S*l 97*1 o**l 99*1 19*1 11*1 11*1 IWI SEAMTIATIVE 560W 25/12 09*1 o**l 13*1 14*1 15*1 19*1 17*1 11*1 19*1 21*1 NORASIA MALTA 1681-3 2*12 19*1 15*1 29*1 <I*l
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      Page 34 Advertisements Column 3
      670 34 JAPAN/HONOKONQ/STRAITS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG VESSEL VOY I SPORE P BUOAN6 I wtc —Tpii TAMA DREAM 2 HP SLD INPT GREEN SAIKAI 4 SU) SU) "STPT 1 RYOKIM 25 SU) MPT BRAVE PESCADORES 4 SU) jjlPT 1 SILVIA STAR 1 SU) W rT cowrrr wn moec wsta a
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      Page 35 Advertisements Column 1
      938 35 IPrV STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road *11-01 Keppel Towers Slagaporo 0208 Tol: *****88 Far *****17 not auwwA pacmc umb s.HGAPWf (A SERVICE OF CHINA NAVIGATION CO) STRAITS HOPf WI6E tai Port «oee Mm, Koto BO*«LaMan. i'i'ii'wiMWWirMTnri-r-"" imrwr" STRAITSSWR WW 10 Dec 21 Oac Miafa.UtaanAMallinatala CARAKA JN H-22
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      Page 35 Advertisements Column 2
      1893 35 P&O Containers (Singapore Agencies) Pte Ltd M. 10 Hoc Chiang Road, 907-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE PNOCSP Ftt: 225 5327/222 7517 EXPORT IMPORT IWVWI Hfir*" 1 ytssii vov 'Wto *pica sw hu amt jot mm oot m leh w wr zn oor wr ham wm sou
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      Page 35 Advertisements Column 3
      409 35 outmouwp m m joh m mmmoiw igran»iAflniOMMO<m wmmmmn wtt ivtt wit awwr wit iwit tvit jm_ wtt vni_ MAMhm "WWIB H-iW ~WW~wn a/ff"TigTWT wmmramM vm ivit ant a-22/12 w» wit wit wn mmi mi JjOLBSI -ZtflQL -MIL. JM2_ _E£] H4L _IZ£L JWL JM3_ —~z— -Z— -B®— ■BMi **n _aata_ jmljml.
      409 words
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      Page 36 Advertisements Column 1
      1109 36 |E^32S32HHZB MP ROM ANW HBG THP LHV UW THP ROM ANW HM PKL S6P R. REACH RW-BM 1102 5/1 0/1 7/1 0/1 10/1 i. GIANT RE-082 11/11 2*ll 22/11 23/11 24/11 I*l2 2V12 E. ROUMO MHII 23/12 11/1 12/1 13/1 IS/1 17/1 E. GUIOE RC-070 21/11 27/11 2801 31/11 1/11
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      Page 36 Advertisements Column 2
      827 36 VBSa VOYAGI W M Ml DM UN IWT Ml I VISS& VOTAGi MM AMI DM MM JGP UNCQKOtO OJ7WISt 71/12 31/11 01/11 01/01 03/01 03/01 03/01 lUN OtMUO 0373 OIW 03/ li 04 04/11 05/11 14/11 B mamm anm* wn 07/01 omii m\ wm 11/01 n/01 umout umjmc ovii S/il
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      Page 36 Advertisements Column 3
      665 36 [W TEL- *****33 (12 UNES) aSL FAX: *****18/*****03 [Hj TELEX: RS ***** RISMP (3 UM| CH NO: **********0E ETHIOPIAN SHIPPING UNES f (PMoHlliMsarEftfavta) ACCEPTING FCL AND CONVENTIONAL Viml yog ETA iLowflnsfor Spore *ndhH 42W8 18/01 Mo"****. Qpaot* Atoyot 43W8 IMB Mnmh—. Opbouß H KIEN HUNG LINE FULLY CONTAINERISED REGULAR LINER
      665 words
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      Page 37 Advertisements Column 1
      2193 37 DME6T SAUMB TO HAIFA-14 DAYS l» YORK-St DAYS Mfwm'i a—rwl AftiUt Ttl (Qt»*e§i) 2241Ht COS TAR SHIPPING PTE LTD f umrnr. ttnuimu uin-, m mmh c-un>r tmni ItZSSTuSiliru IMwrJMM tOSMIF Cummltm! 4205H1 0/0 41H7U C»fVH 4M1741 DtsllilTmr t CK »"»7»MM M fix *****44 iflttoH Sn Dttl4M7U f »•/*»#«< 42U7U ShmmlM
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      Page 37 Advertisements Column 2
      632 37 I (j& FAMOUS CONTAINER LINES 1 J|p2 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) HB^^^^^^^^^^^^^^M^P^P^B^^BW^BM^BWBHB^BBBMWHHWBHBBBB^KBMP^^S^ <*:,. y i *feB^|j>jafr: '^i3y P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 Afii QLOBEUNK FORWARDERS PTE LTD fMBA TWL:*****33 (16 UMKB) FAX: *****36/*****43
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      Page 39 Advertisements Column 1
      109 39 V\ *jtPi -Vl II To receive Our IfinpHrsat-A service irtbw n more hfo(matlon coverslhe Indian by ten. Sentosa LE&flimarsat-A service has now extended coverage I COM 740-6000 to me Indian Ocean Region. Till 31 May 1996, Vou can enjoy attractive promotional rates for our SINGAPORE a^__ Inmarsat-A service covering the
      109 words
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      Page 40 Advertisements Column 1
      805 40 iH3^9Ql^D9^£fl^s9l^sl ]|VESSEL VOY SIM JKT VESSEL VOY WN PEN "l^W IBRA BHUM ***** Fri 1 15/12 Sun I 17/12 tJ STAMFORD g gj§ W" 11 5*5 AKABHUMSat Ifl/12 Tua 19/12 GURU BHUM 8178 Mgn_ 18/12 Thu _21/12_ oejAWiflr ggL- I wit I w*|2o/12 -gg-M V NANTABHUM 278N Sat 18/12 Wad
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      Page 40 Advertisements Column 2
      1004 40 79 ANSON ROAD, #21-01, SINGAPORE 0207 CR **********0N TRAITS SHUTTLE SERVICI PORT KLANO PENANQ VElffi. WT I «W VK«L I VOY SW PBI FARO ***** 16TI2SAT 17/12 SUM MCC VINTAGE 5076 16H2SAT ***** SUM' SEA LAUREL 442W 17/12 SUM I*l2 MOW W6QHWA 91N W2MON ~?Ort?WED XOUR SPORE ***** 18/12 MOW
      1,004 words
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      Page 41 Advertisements Column 1
      661 41 BSfl in M MYANMA «BBk FIVE STAR UNE r (My—f Notioool Um) w looking for Ym|m (Roogooo) Vtssa VOT SM PI6 PW PGU PUT* 140W SU $U> MYOMAYWA 157W MPT ■ALATSIA AGCNTS: lOUSTIAO SMPPM6 AGBKKS KUL IB 02-03-2417)00 POL IB 01-03-37*4101 rat IB 02-04-M***** P» TB 02-07-2$ IIJ2I/4 BANK line
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      Page 41 Advertisements Column 2
      1052 41 ADVANCE CONTAINER LINES (PTE) LTD A I 140 CocM Stroot, #12-00, PIL Bulding, Singapore 0106 M L« LI TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CM NO. **********0E mwm JAKABTA {i t M A fcAr Iff (2 Oetlifi/Weet) VBSa. voy~ w bkk I »n vfmm. vw m act m
      1,052 words
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      Page 41 Advertisements Column 3
      895 41 ICR NO:**********02 VEgaaS VDY ""siT" OAMgTTA ILE HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWERP V*_LE DE CARP4A CI2W IVI2 2&12 03AM 04/01 06/01 07AM o*ol VK-LE DC SAOfTTA 812W 21/12 02A>1 07AM OSQI 10/01 11AM 13/01 VLLE D'AOUB-A AI2W 2S/12 ICKM 18AM 10*01 21AM 22AM 24/01 V9.LE DE OEMB4A KI2W 08/01 IMi
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      Page 42 Advertisements Column 1
      521 42 SIMO IXPRRSS SHIPPING (PTI) LTD. V WM I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE 0104. TEL: *****00 (4 UNES) FAX: *****08 TLX: R*****1 SINOEX SINOTRAWS SHANGHAI (CONTAINER SERVICE) SIN/HKQ/SHAI 3'PORE HKQ SHAJ VESSEL VOY ETA ETD ETA ETP ETA ETP CHANG YING 95T5/9516 IS/12 16/12 2202 &12 27/12 LATMOS
      521 words
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      Page 42 Advertisements Column 2
      488 42 I KvV-vJ CO MO. 1111 8I0U: (084)*****9 MAMLA: (638) SI2MSI X PWANO:W«4Wf BANGKOK: (SIS) *****57 SURABAYA: (31) 2SISSO '•-*«<■»—» ACCEPTING NOW TO: TAI CHUNG MV "CALIFORNIA "V0Y.0097-005E ETA SIN: 16-12-95 SHANGHAI MV "CHU TIAN" VOY.NOOI ETA SIN: 17-12-95 CALL PJOIIMMWmi.aMMM wI a lan m ra m jw mm m m
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      Page 42 Advertisements Column 3
      145 42 iff MFL SHIPPING (INT L) SS&g PTE LTD SUBSIDIARY OF HAI SUN HUP GROUP =1 FCL/LCL CONSOLIDATION SERVICES. HOT UNES; *****42/345 ACCEPTM6 CAMOES TO IWOff lASI POETS/STDMT/MELBOUMC' ALSO ACCPTW6 KITOUSA WtTS AND dOSS-tOMB SOVKI 10 MEXICO AND CANAM VOY Hk (SIN) KOTAIWTAH 1NT123 17/12 LEIXOES 016S 21/12 vtssa YOY EUgS^l'
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  • Page 42 Miscellaneous
    • Miscellaneous
      Page 42 Miscellaneous Column 1
      116 42 LEGEND R Thunderstorm T X s| wwef Weather ~S Wind drection with speed wi knot* CL Wovehe*ht Cloudy Sky Sdffoct Of# inowi v4idi with ffct wiod On« M crde represents calm or Kght and vorioble winds On* half fed* represents 5 knots I L» On* ful Heche represents 10 knots
      116 words
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      Page 43 Advertisements Column 1
      437 43 KAPAL KRIS Shipping Pte Ltd I 701DUXTON ROW, S'PORE M 9529 T>t *****76 Fox: *****77 01 WO. *****95Q000C SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 309-609 HOCK A GIOMAC MJSORSS GNTR& 10 JAUN SS 6/1, KEUNA JAYJI P.O. OOX 8423 ***** PHAUNG JAYJI SEUNGOR. IB: *****77/78/79 FAX: *****07 THEfc MA 3063S mniiuiTl
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      Page 43 Advertisements Column 2
      224 43 SOUTHERN AFRICA SERVICE MltHll f cOKTHMtTI M DOL£ EAST T0: FAB gAfT DIRECT MONTHLY SAILINGS EUROPE SttVKS VBSH/VOT SW LAEMQUIAII6 HOMGKOtIG IffIUHG VESSEL a TGM SM PI MIS DM CT TAW SKN KKU TMA MBXA Vl2O 01/01 11/01 IS/91 17/01 1 wntnutmiK vi 24 n/u»/n 01/01 oj/oim/oi 10/01 »/oi haady
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      Page 43 Advertisements Column 3
      322 43 ■in ill r M i 91 TROK BLANGAH ROAD <02-82 CTTIPORT CEMTO. STORE MM TEL *****11 (6 lines) FAX: *****05 TIX RS ***** CR NO. **********0W iOSB. m ETA ETD OESTIMnON IMBLA I* 15,11* 1M2.« BWAIMNUWMM NMUMM Ml WW IWM» MMML MLMWWBMM6 UMNU MS IWM6 ttntm POMMM KAGUH U« 1*1241
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      Page 43 Advertisements Column 4
      89 43 A2***lR&i9 |1 Astro Shipping Pte Ltd WEEKLY CONSOLIDATION SERVICE B m i mil t pim wi4>M I SHAHam IS/Uii/H j I TEL 220*6045 (10 LINES) FAX: 325-4080 SPEEDAUNES lIIMMIIB 111 IB.J-I-M. ST yga jot Ism |m |oxi |jMi |OT [we [mat |y |g^ I SfflfPt WUDfiK SttOS 7/m- MMI lllffl
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      Page 44 Advertisements Column 1
      73 44 RATE RESTORATION SINGAPORE/SOUTH AFRICA V.V. Shippers are hereby notified that NEW ASIA NAVIGATION S.A., 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
      73 words