The Business Times, 21 December 1995

Microfilm: NL20504
Total Pages: 40
1 40 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 21,1995 85c
    13 words
  • Article
    MARKET SUMMARY
    66 1 sra 2JQ7J7 (+39.83) W% BTCOMP U 2075.47 (+29.42) BV BT-MOA U Woouo6 (+23.74) STOCK HAUET DCDKXS WMnewtay Chuge klsecomp mm +19.53 NIKKH 19,448.59.—+918.10 HANG SENG 9JBTIM +1710 SET INDEX 1,275.45 +28.19 JAKARTA COUP ...CLOSED -l.« MANILA COUP—.2,509.63 +M.48 TAIPEI WPl 4.964.84 -117* SEOUL OBNP ***** +115 BOMBAY BSE38J.66S.
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  • Article
    FINANCE
    75 1 EXCHANGE IATES us$ St US* 1.4M I 1.539 1178 OK—v. O.BS 0J81 esn. \j«r, Ml 8X93 8.556 HKI JLltt. 8.183 BAHT 8841. MIC IUP1AH l» r .8.044. 0.8*2 nmni SINGAPORE* 144 KUALA LUMPUR. .8.15 JAKARTA 17 50 BANGKOK U75 MANILA-* 15 W HONGKONG _J00 TAIPEI.., 800 SYDNEY I 10.75
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  • Article, Illustration
    Lock icon Asia markets spring to life as Fed cuts rate
    426 1  -  Singapore shares hit 11-month high while other regional bourses rebound strongly By R Sivanithy [SINGAPORE] For the region's stock markets, it was as if Tuesday never happened. They gave an emphatic endorsement yesterday to an unexpected US interest rate cut, with
    Source: Bloomberg; Source: Bridge Info; JEN CHUA  -  426 words
  • Article
    Foreign firms set up regional HQs in HK despite 1997
    360 1  -  From Quak Hiang Whai in Hongkong FOREIGN companies have continued to set up regional units in Hongkong despite the uncertainty surrounding the change of sovereignty in 1997. According to latest figures released by the Hongkong government, 68 new regional headquarters
    360 words
  • Article
    US rate cut too small for impact
    522 1  -  Economists expect local banks to lower rates ktke second quarter of next year By Paul Leo [SINGAPORE] Too marginal to impact on interest rates in Singapore and the region that's the initial reaction to Tuesday's cut in the shortterm rate by the US
    522 words
  • Article
    Fed acts, Asia waits
    570 1  -  As for future cuts, watch the politicians, says Ukrta Khaima Vikram Khanna IT WAS touch and go. On the eve of the quarter-percentage-point cut in the Fed Funds rate by the US Federal Reserve yesterday, economists were evenly divided about whether it would or should happen.
    570 words
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      Page 1 Advertisements Column 1
      155 1 maiDE Emm hut The signs are there ifs a buyer's market And prices of properties in districts 15 and 16 or the East Coast and Bedok areas are no exception, F*4 MBWBVABPE Soml ■arkni row as DS cats rata, rftfcpg. Looks like the markets were looking excuse to go 19.
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      10 1 Fed's rate cut brings cheer to Wall Street, Pg 9
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      80 1 It takes more than money TO WEAR THE ROYAL OAK. i For the past twenty years, some of the most successful and admired men and women have chosen to wear the Royal Oak. A watch like no other. Distinctive. Exclusive. Uniquely designed. And quite simply in a class of its
      80 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Domestic non-oil exports grew 25% in real terms in November
      396 2  -  Robust growth should take GDP growth in the fourth quarter to more than 8%, analysts say By Genevieve Cua SINGAPORE'S domestic exports of non-oil products surged by 25.4 per cent in real terms last month, buoyed by strong demand for
      396 words
    • Article
      Services grab most of foreign investment
      499 2  -  Top three investors are Japan, US and UK, says Department of Statistics report By, Anna Teo A GROWING portion of foreign investments in Singapore has gone into the services sector, a report says. By 1993, the latest year covered in the report, about twothfFds
      499 words
    • Article
      S'pore firm pays A$5m for stake in Aussie road contractor
      210 2  -  From I Surinder Singh in Sydney SINGAPORE company Wei Loon Investments has bought a 19.3 per cent stake in an Australian road-building firm for about Ass million (555.2 million). The chairman of Abhigroup Ltd, John Cassidy, told BT in Sydney
      210 words
    • Article
      MacPherson industrial site sold for $875 psf
      179 2 A FREEHOLD industrial site at MacPherson was sold for $875 per sq ft (psf) late last month, a price which reflects the current keen demand for industrial land. Marketing agent Colliers Jardine said in a statement yesterday that the tender of the 15,936
      179 words
    • Article, Illustration
      Lock icon Growth in M2 slows in October
      288 2  -  E7E ON TOE ECONOMY Finance Byl Paul Leo GROWTH in M 2, the chief measure of money supply, fell in October for the fifth month running. Figures from the Monetary Authority of Singapore show M 2 grew 9 per cent year-on-year to $98.48 billion
      BCRUZ  -  288 words
    • Article, Illustration
      Lock icon Bridging a market gap
      102 2 NO, this is not a bridge too far. The steel span jutting out into space at the entrance to Ikea's new superstore in Alexandra Rd does have a purpose. It's the Swedish furniture chain's way of taking steps tofiU a potential market gap. For across the
      ARTHUR LEE  -  102 words
    • Article, Illustration
      JLW ups share and keeps top spot in sales
      421 2  -  By, Abdul Hadhi JONES Lang Wootton (JLW) has managed to increase its share of the residential sales market this year despite internal staff turmoil. In the process, it has retained its No 1 spot, a feat which earned its director Daniel
      421 words
    • Article
      US$150m unit formed to back Asian borrowings
      377 3  -  Guarantees by Singapore-based Asia Ltd will improve loan access and reduce cost for borrowers By I Conrad Raj THE Asian Development Bank and a group which includes the Government of Singapore Investment Corporation and the Employees Provident Fund of Malaysia have formed a
      377 words
    • Article
      Mesra Halal Food Co-op takes off today
      238 3 A COOPERATIVE aimed at improving the lot of Singaporean Muslims takes off today. Called Mesra Halal Food Cooperative Ltd, it will offer shares to Muslim individuals. The minimum and maximum stakes are for five shares and 200 shares respectively. Each costs $100. Mesra's
      238 words
    • Article
      Chee Wee to lead govt team to Asean Tourism Forum
      200 3 THE Minister of State for Trade and Industry, Goh Chee Wee, will lead a 14-member government delegation attending the Asean Tourism Forum (ATF 96) in Surabaya from Jan 6 to 13. Members of the Singapore travel industry will have 75
      200 words
    • Article, Illustration
      Comfort to double bookings with satellite
      394 3  -  By Aug' Ang Wan May TAXI operator Comfort expects to more than double its daily radio bookings to over 10,000 by mid-1996 when 5,000 of its taxis are hooked up by satellite. The company, which now handles 4,000 radio bookings a day. will invest
      394 words
  • Page 2 Advertisements
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      84 2 $f Christof/e Paris :s TP^ f nj^k r'"* sßflfl ft I M •I m I I 'gjPS F, MPv rWrtf riccoio *****3 with CST. y f Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore 0923. Tel 733 7257. Espace Christofle: Whw 176 Orchard Road, Level
      84 words
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      103 2 VvferingowMorf Financa Schorr*, your "cosb-fef-Would you liUinilanlearfifcr your Rjondng «ouW b. fer 01 invoicst and let ionwoncfileotsunw 01 P' o, fa rwponsWity tor bad debs? W« abo help to cut your admni#rf« DWFocbr»ho»owoddwid«naM>di w^ t f 0- 4 > m# **d*totna *at 6cm just *at h bet, Wit t» 10
      103 words
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      9 2 ti iiiiir 1 ffiyjkijyE' i V 4 i i
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      8 2 V 1^ Vw/ I v J Model 779
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      1191 4 Property transactions for districts 15 and 16 (new postal sectors 42 to 48) from Oct ***** Project name/ Prop Contract Tenure Built-in/ Price Psf Street name type date land area* (sq ft) (SS'OOO) (S$) District IS Non-landed Astoria Park Apt 19-0et 99 968 705 736 A viia Gdn
      1,191 words
    • Article, Illustration
      Signs of a softer market
      753 4  -  Real estate agents and consultants are confident that prices will not plunge next year By. Agnes Wee {SINGAPORE] THE real estate classified advertisements in The Straits Times have been dotted with phrases, some in bold typefaces, declaring: "selling below valuation" a clear sign that it
      753 words
  • Page 4 Advertisements
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      296 4 A PC Server offer so good, everyone will want to take Notes I (Unless, of course, you'd prefer a package that delivers Mail) It's reassuring to know that IBM PC Servers by lAS, at no extra cost. The IBM PC Server offer you all the quality, reliability and affordability 310,
      296 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Cautious optimism about 1996 growth
      506 5 JAKARTA New deregulation plan, world economic prospects give grounds for hopes ministers Reuter TWO Indonesian ministers have expressed guarded optimism about their country's debt-burdened economy in 1996, despite warnings of possible overheating. Hartarto, the coordinating minister for production and distribution, indicated at a seminar on
      Reuter  -  506 words
    • Article
      Philippine legislator demands inquiry into M'sian joint venture
      225 5  -  MANILA By, Al Labita A FILIPINO legislator yesterday called for a congressional inquiry into the Ssl.B billion palm oil venture of a 14-mem-ber Malaysian consortium in the Philippines. Congressman Leonardo Montemayor said the project, set to take off early next year, undermines
      225 words
    • Article
      Lock icon Thai trade policies liberalised: WTO
      312 5 GENEVA Report also notes shift in exports from Europe towards Asia Reuter THAILAND, one of the world's fastest-growing economies, has liberalised its trade regime with the notable exception of the high tariffe which remain on vehicles, the World Trade Organisation (WTO) said yesterday. In a
      Reuter  -  312 words
    • Article
      Lock icon Inflation for '95 seen hitting 5.5%
      167 5 BANGKOK AFP THAILAND'S rate of inflation in 1995 is likely to hit 5.5 per cent, half a percentage point higher than forecast in July, Bank erf Thailand governor Vijit Supinit said yesterday. The higher than forecast inflation figure resulted from recent severe flooding across
      AFP  -  167 words
    • Article, Illustration
      Lock icon Please release him
      52 5 [MANILA] A trade union leader of the May First Movement reading a statement urging South Korean President Kim Young Sam to release Kwon Young Kil, the jailed president of the National Feaeration of Democratic Unions, during a rally in front of the South Korean embassy in Manila
      AFP  -  52 words
    • Article
      Lock icon Philippines expects faster growth in '96
      216 5 MANILA Reuter, AFP THE Philippines will enjoy faster growth next year, despite concern about food sup plies and labour unrest over local oil prices. "1996 promises to be another year of ftirther accelerating growth for the Philippines, given the challenge of the new world
      Reuter,; AFP  -  216 words
  • Page 5 Advertisements
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      137 5 t f Giving you the keys to a total system. A When Aerospatiale supplies a satellite, it doesn't only supply a satellite in orbit. It supplies total expertise. A total system backed by almost thirty years experience; from satellites and launchers to ground stations, the software to control them and
      137 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      A great leap backwards
      581 6  -  CHZXAWATCH The mounting debt problem In China has all but been swept under the carpet By Lu Ning AS 1995 comes to a close, Beijing's bureaucrats and government economists are busy churning out rosy macro economic statistics for the communist propaganda machine to hail another great
      581 words
    • Article
      Lock icon Taiwan's export orders hit monthly high of US$10.4b
      228 6 TAIPEI Global economic recovery boosts demand for products AFP EXPORT ORDERS received by Taiwan companies rose 21.6 per cent year-on-year to a record monthly high of U5510.46 billion (5514.7 billion) in November, the economics ministry said yesterday. The rally represented the 15th
      AFP  -  228 words
    • Article
      Lock icon China backs set up of joint oil refineries: Saudis
      201 6 DUBAI Reuter SAUDI Arabia has won China's backing for major joint venture refineries to meet growing oil demand in the booming Asian economy, Oil Minister Ali bin Ibrahim A 1 Nuaimi said. Mr Nuaimi, currently in Beijing, told the official Saudi
      Reuter  -  201 words
    • Article, Illustration
      Lock icon Largesse from Leeson
      53 6 [HONGKONG] Matt Healy, assistant brewer of Hongkong's South China Brewery, enjoying a bottle of Leeson Lager yesterday. Former colleagues of Barings' disgraced trader Nick Leeson have ordered 100 cases of the limited lager for clients and friends for Christmas. The label on the bottle carries a picture
      REUTER  -  53 words
    • Article
      Lock icon Beijing uncovers 10.8b yuan in tax arrears
      343 6 BEIJING Tax evasion a serious problem for govt which laces 66.7b yuan deficit this year AFP CHINA has uncovered 10.8 billion yuan (551.82 billion) of taxes and other levies illegally withheld from the government during the first 11 months of 1995, Xinhua reported.
      AFP  -  343 words
    • Article, Illustration
      Lock icon Call to reform housing system
      453 7 BEIJING Economists see many obstacles in the way of establishing a MmnMirffiti market for low-cost homes Reuter LOW wages, conftision over property rights and low profits for banks are slowing ambitious plans to create a commercial market in China for low-cost homes, economists said yesterday.
      Reuter  -  453 words
    • SINO Brief
      • Article
        Lock icon Taiwan state petroleum firm to go public
        66 7 AFP [TAIPEI) Taiwan's state-run Chinese Petroleum Corp is planning to list shares from July 1997 under its privatisation progr*""*"**, <v»«p«Hiy aatrf yesterday. Lin Po-jen, chief of the CPC privatisation task force, said the company would offer 10 per cent of its shares to
        AFP  -  66 words
      • Article
        Lock icon S Korean steel firm in China venture
        73 7 AFP [SEOUL] South Korea's Pohang Iron and Steel Co will invest US$239 million (***** million) Jointly with Chinese firms to build two steel-making joint ventures near Shanghai, a company spokesman said. A US$lBO million joint venture between Poeco and Jiangsu Shagang Group Co
        AFP  -  73 words
      • Article
        Lock icon Zhu Rongji hails role of stock markets
        61 7 Reuter [SHANGHAI] China's newspapers yesterday quoted Vtee-Premier Zhu Rongji as saying the country's stock markets were playing an important role in national economic development The Shanghai Securities News Mr Zhu attended a ceremony at the Shanghai Stock Exchange on Tuesday to celebrate the
        Reuter  -  61 words
    • Article
      Lock icon World Bank approves US$30m China project
      268 7 WASHINGTON Aim to attack chronic tinder-employment in state-owned firms AFP THE World Bank yesterday approved a US$3O million (5542.3 million) pilot project aimed at attacking China's chronic underemployment in state-owned enterprises. "Unemployment at less than 3 per cent appears to be a minor problem
      AFP  -  268 words
    • Article
      Lock icon Central bank to ease forex controls
      122 7 TAIPEI AFP TAIWAN is to further relax foreign exchange controls by doubling to US$2O million (5528.2 million) the foreign currency a Taiwanese firm is allowed to send abroad and back every year. Central Bank deputy governor Paul Chiu said yesterday that the relaxation, effective
      AFP  -  122 words
    • Article
      Lock icon HK's newspaper price war spreads to weeklies
      244 7 HONGKONG AFP A NEWSPAPER price war raging among Hongkong's Chi-nese-language press has now spread to the weeklies with one publication slashing its cover price from HK$lB (553.29) to HK$B. Eastweek, a sister-publica-tion of the Oriental Daily News which began the circulation war a
      AFP  -  244 words
  • Page 6 Advertisements
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      271 6 Marketing. success of any international corporation. The force market. Tiger Balm has been unleashed into a new that puts the roar behind dominant market shares. era through Marketing. f Tiger Balm's growth started nearly a hundred years The Marketing Institute of Singapore (MIS), with ■feyM v ago. Initially conceived only
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      147 7 The rare perfection of PaleL Philippe al Tke H our G1 ass CLooting a Umepiece j •LoulJ Le a relaxed ami (ea lures iLt La 11 mark affair. eack PLilippe in Especially you're our After rare all. we tee a. of PaleL conaoiMeurs. A.J oar cuilomeri as GlaM, collector to
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      103 7 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued with company name in Chinese and immediate service characters please contact: Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE SERVICES People's Republic
      103 words
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  • ASIA
    • Article
      Jusen rescue plan gets thumbs up from markets
      556 8  -  TOKYO Analysts see it as beginning of an end to long-running crisis in Japan's financial system Reports by Anthony Rowley A LONG AWAITED resolution of Japan's housing loan corporation (jusen) problem won acclaim yesterday from financial markets at home and overseas. Analysts
      556 words
    • Article
      Ministry says govt's finances have deteriorated markedly
      256 8 TOKYO JAPAN'S Finance Ministry yesterday reported a "significant deterioration" in the government's financial position and a ministry official warned last night of the possible need to cut government spending or to raise taxes to restore fiscal soundness. Faced with a fourth consecutive annual
      256 words
    • Article, Illustration
      Lock icon Outgoing unification minister given finance portfolio in reshuffle
      320 8 SEOUL Move seen as bid to soothe anxiety among businesses over the Rob slnsh fond scandal Reuter, AFP SOUTH KOREAN President Kim Young Sam appointed a new finance minister yesterday as part of a sweeping cabinet reshuffle that involved 11 posts. Outgoing
      Reuter,; AFP  -  320 words
    • Article
      Lock icon Chun to be charged with mutiny today
      165 8 SEOUL Reuter SOUTH Korean former president Chun Doo Hwan, who is currently being detained by the authorities, will be formally charged today with mutiny stemming from a 1979 military coup, a prosecution official said. "It has been decided to in- dict him tomorrow,"
      Reuter  -  165 words
    • Article, Illustration
      Lock icon Hula holiday for the young at heart
      65 8 [TOKYO] Old women dancing the hula at a community centre in Tokyo yesterday during a rehearsal for a Christmas show slated for Dec 24. Some 50 women, from ages 65 to 83 years old, of the Hula Dancing Association will be taking part
      AFP  -  65 words
    • Article
      Lock icon Govt in a fix over budget forecast
      217 8 SYDNEY Bloomberg Business News THE Australian government may have to swallow its pride today and admit it cannot produce a budget surplus this year when it releases its midyear budget review. The government's success in engineering a surplus rests on whether it decides
      Bloomberg Business News  -  217 words
    • Article
      Lock icon Bangladesh to spend 30b taka on telecom expansion by 2000
      200 8 DHAKA Reuter BANGLADESH plans to invest 30 billion taka (551.03 billion) in expanding telecommunications by the year 2000. M H Chowdury, chairman of the board, said the huge investment could be mobilised in the private sector through built-operate-transfer (BOT) and
      Reuter  -  200 words
    • ASIA Notes
      • Article
        Lock icon Consulates move out of violent Karachi
        65 8 UPI [ISLAMABAD] Britain, France, Italy and Saudi Arabia are closing their consulates in the violence-marred port city of Karachi because Pakistani extremists have threatened violence against diplomatic missions, officials said on Tuesday. Families of diplomats already have been sent to Lahore, where the consular
        UPI  -  65 words
      • Article
        Lock icon Probe into missing funds at Osaka Credit
        81 8 Bloomberg Business News [OSAKA] The Osaka prefectural government is investigating the mysterious disappearance ofsoo million yen (Ss&9 million) from the Osaka Credit Cooperative, a kxxl thrift institution that firiled this year under the weight of its irrecoverable loans, Nikkei English News reported, citing
        Bloomberg Business News  -  81 words
      • Article
        Lock icon World Bank loan for Pak power plant
        63 8 Reuter [ISLAMABAD] The World Bank said yesterday that it had approved a US$3BO million (S$«M million) loan to help finance Pakistan's billion Ghazl Barotha hydropower project The project, located on the Indus River downstream of the existing Tarbela Dam, will annually add an
        Reuter  -  63 words
  • Page 8 Advertisements
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      127 8 Y At Air Mauritius, we way of making sure you enjoy the height of comfort and mm strive not just to get bigger, with Air Mauritius. H but also better. All the time. Call your travel agent, or Air Mauritius on Singapore Which is why, while 3033; Bangkok 6146/617; l^
      127 words
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  • THE WORLD
    • Article
      Fed's rate cut brings cheer to Wall Street
      470 9  -  WASHINGTON Move to cut rates by Va percentage point, progress in US budget send Dow np 35 points By\ Leon Hadar THE US financial markets are continuing to recover from Monday's dramatic plunge, after policymakers in Washington provided encouraging monetary and fiscal
      470 words
    • Article
      Lock icon EC to issue directive to open telecoms sector by early 1996
      237 9 BRUSSELS Mobile phone operators may build own networks Reuter THE European Commission agreed in principle yesterday on a directive requiring national governments to open their mobile and personal communications sector to full competition by early 19%, a Commission spokesman
      Reuter  -  237 words
    • Article
      Lock icon Chirac raps Juppe on eve of labour summit
      150 9 PARIS Reuter FRENCH President Jacques Chirac implicitly criticised Prime Minister Alain Juppe yesterday on the eve of a highrisk "labour summit" with trade unions and employers after a bitter 24-day public sector strike. As Mr Juppe sought ways to revive the economy
      Reuter  -  150 words
    • WORLD Watch
      • Article
        Lock icon Moscow most costly city outside Japan
        69 9 Reuter [GENEVA] Moscow hat overtaken tile notoriously costly Zurich and Geneva in Switzerland to become the world's most expensive city outside Japan, a survey by the Swiss-based Corporate Resources Group reported yesterday. Beijing, another once*elatively cheap capital <A the old communist world, has also
        Reuter  -  69 words
      • Article
        Lock icon EC threat over excessive deficits
        79 9 Reuter {BRUSSELS] Greece, Spain, Portugal and Ireland may have funding for new infrastructure projects cut off early next year if they continue to run excessive deficits. The European Commission issued a warning aimed at the four countries, which together have received about 14.7 billion ECUs
        Reuter  -  79 words
      • Article
        Lock icon German institute lowers GDP forecasts
        63 9 Reuter [MUNICH] Germany's Ifo institute, one of its leading economic think-tanks, cut forecasts for German groes domestic product growth to 2 per cent for 1986 froon its earlier 2.25 per cent prediction, and 1.75 per cent for 1898 from the earlier 2.50 per cent. Unemployment
        Reuter  -  63 words
    • Article
      Lock icon Clinton courting trouble?
      98 9 WASHINGTON AFP US PRESIDENT Bill Clinton, courting trouble from re-elec-tion campaign backers, issued a surprise veto late on Tuesday of a bill aimed at curbing lawsuits by securities fraud victims. Mr Clinton, widely expected to approve the legislation, said he supported its goals but was unwilling "to
      AFP  -  98 words
    • Article, Illustration
      Lock icon Communist win won't change a thing, says Yeltsin
      221 9 MOSCOW Reuter PRESIDENT Boris Yeltsin yesterday broke his silence over Russia's communist revival, saying he was not alarmed by the outcome of the country's parliamentary election and would not change tack. Results still trickling in from Sunday's election showed the Communist Party
      Reuter  -  221 words
  • Page 9 Advertisements
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      591 9 It's B 4 •'V m And The Fun Never Stops At Marina Mandarin's Winter Christmas. Check Out Our Fabulous Festive Fare For Super Value... ATRIUM COUNTDOWN TO 1996 >' RISTORANTE Bologna Bloody Mary Buffet Lunch New Year's Eve Big Bash! Wotter High Tea FESTIVE BUFFET LUNCH Mondat, I Jan 96
      591 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      EU appears united despite difficulties
      807 10  -  THB BOTTOM UMB OPINION By Shada Islam The writer is a Brussels-based journalist who contributes to BT FORGET Euro-pessimism. European Union leaders, meeting in Madrid on Dec 15 and 16 for their annual end-of-the-year summit, have sent what they hope is a resolute message of
      807 words
    • Article
      IN OTHER WORDS
      133 10 'US electronics stocks fell because their profit margins are getting squeezed And that's bad news for Singapore companies that supply parts or services to them' -Jeffrey Lee a fund manager at Allied Phillip Capital Management. 'Nobody wants to buy the market We have rumours of foreign buying
      133 words
    • Article
      Over-reliant on electronics?
      478 10 EDITORIAL POR 13 straight quarters, electronics has propelled the growth of Singapore's manufacturing sector. Riding on a worldwide boom, the industry looks set to chalk up a third year of growth of about 20 per cent in 1995. But the sterling performance has also in many instances
      478 words
    • Article, Illustration
      Common ground still evades US, China
      886 10  -  Just as ties were on the mend, Bering has jailed dissident Wei Jingsheng, raising US hackles again By Leon Hadar The writer is BT's Washington correspondent UNTIL a few weeks ago, it looked as though the Sino-American relationship was entering an era of detente.
      886 words
    • Article
      WHAT THE OTHERS SAY
      785 10 THOUGH a final count of Sunday's parliamentary election in Russia will not be available for several days, the Communist Party seems likely to finish with better than 20 per cent of the vote, double the nearest rival. That makes it the strongest political force in Russia.
      785 words
  • Page 10 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Here's a premier novel
      879 11  -  Narasimha Rao depicts sexual licentiousness among politicians, writes John r Boras John F Burns NYT SINCE P V Narasimha Rao became India's Prime Minister nearly five years ago, he has been called many things. Some have described him as a visionary, for using a debt crisis
      NYT  -  879 words
    • Article, Illustration
      Lock icon Nixon shown as a tragic hero
      713 11  -  MOVIES While not favourable to Nixon, the film takes a kind view By Jerry Dubrowski Reuter [LOS ANGELES] Director Oliver Stone, often accused by critics of going over the top with conspiracy theories and bizarre plots, has discovered restraint. In his latest film, Nixon,
      Reuter; REUTER  -  713 words
    • CHATTER Box
      • Article
        Lock icon Wings clipped, says Klein
        75 11 UPI FASHION designer Calvin Klein says he will change his usual sensational approach to advertising. The latest flap stemmed from CK jeans ads that showed teenagers in suggestive poses. The US Justice Department determined that all the models were of age, but nevertheless, Klein told a
        UPI  -  75 words
      • Article
        Lock icon Marsalis can blow his trumpet
        79 11 UPI TRUMPETER Wynton Marsalis has made such a success as the head of the jazz programme at New York's Lincoln Centre, instituted in 1987, that the centre's board voted on Monday to make the programme an independent entity of the arts complex. That puts it
        UPI  -  79 words
      • Article
        Lock icon Bradlee Jr joins Trump wagon
        48 11 UPI DINO BRADLEE, the 26-year-old son of former Washington Post editor and best-selling autobiographer Ben Bradlee, has joined the staff of New York real estate developer Donald Trump. The younger Bradlee had been developing real estate in New York for Laurence Rockefeller. UPI
        UPI  -  48 words
      • Article
        Lock icon Reagan's daughter signs book deal
        62 11 UPI FORMER first daughter Patti Davis has reached a six-figure book deal with the Knopf publishing firm for an account of how the mental decline of her father, former US president Ronald Reagan, as the result of Alzheimer's disease has helped end her estrangement from
        UPI  -  62 words
    • Article
      Lock icon Writing into the twilight years
      747 11  -  PEOPLE Hearing aids mi cataracts can't douse the literary flame of these dreamers liy, Janny Scott NYT [NEW YORK] Here in the city of Wharton and Mailer and Janowitz, where literary yearnings flourish and fade, there is a subspecies of struggling writer for whom the
      NYT  -  747 words
    • Article, Illustration
      Rejuvenating a dinosaur
      947 12  -  BOOK REVIEW lid Eoonoado Reiorm in the People's RapnbUo if China By Christine P W Wool, Christopher Heedy IHa|TWoo Oxford University Press, 1906, 171 pages Infrastructure fat Chins: Plugging into Powerful Opportunities By Nicholas Bradbury Hongkong: E3U, Sep IMB, 172 pages By Lu Ning FOR those who
      947 words
    • Article, Illustration
      Lock icon Santa Claus was born in Manhattan
      1244 14  -  PEOPLE The Santa we know was the brainchild of a prominent NY theologian and developer By\ Douglas Martin NYT [NEW YORK] Clement Clarke Moore, a prominent Protestant theologian and wellheeled developer of the farmland that became the Manhattan neighbourhood of Chelsea, thought he might
      NYT  -  1,244 words
    • Article, Illustration
      Lock icon Why not books this season?
      945 14  -  BOOKS By Susan Tsang WITH the season of loving and, especially, giving bearing down on us, what can tardy shoppers do, as they review their party schedules for the Christmas weekend? Imagine smiling faces pushing parcels towards you, and you can't get away by reciprocating
      CHRIS LOH  -  945 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
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      221 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
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      131 words
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      Page 12 Advertisements Column 2
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      151 words
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      Page 12 Advertisements Column 3
      275 12 I A FAIRYTALE I I CHRISTMAS AT U I PLAZA HOTEL I r Christmas Buffet Lunch Dinner fj t 18 22 Dec '95 522.00 (Adult) U2.00 (Chid) L *23/24/25/30/31 Dec 1 Jan 96 U 1 $28.00 (Adiit) U5.00 (Chid) 1 9 Mucks novdUa 5-Course Candlelit Dinner Dance H 24 31
      275 words
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      Page 12 Advertisements Column 4
      177 12 WHERE TO WINE, DINE AND ENTERTAIN r MORE THAN JUST I SEAFOOD! I Besides live feafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge! Available from 8 pen to 8.40 pm, Mondays to Fridays. I 1 seafood restaurant I 920 East Coast Parkway,
      177 words
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      Page 12 Advertisements Column 5
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      228 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      578 13 Where to wine, dine and entertain r J I For the Festive Season be entertained by the PERFECT MATES APPLAUSE and party all night longl iMHBBI ppiuuss rr IBBBBHMBB APCXLO HOTGI SMGAPORE tot twwf LOCK «OAC IMGWOM IHUI TIL: lUMI TtLtfOK 7MIM» TtLtX: IttH CABLt /WXIQ HMWIt Savour the endless
      578 words
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      Page 13 Advertisements Column 2
      213 13 SINGAPORE BUSINESS Christrrmßn Dinner £>■ S-oktd salmon roll m>4 Afl Prawn btsqu* Roast Tom Turkajr A Honey Ham, lO j chestnut sauce F 1 Gf«Us.slrMistMk(fo-cafe jWy iwfeudyolwvtnu Ihnstmas pudding, brandy saue ■pH $20/. ptr person* 10% sefvtea charge HH HHH| New Year En Dinner Prawn wkh rock melon Fresh minestrone
      213 words
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      Page 13 Advertisements Column 3
      47 13 we haue it 1 if) Rt Seafood ft %/V T International, J| OFF um serve you for Lunch the may you uiant it to be. Wcckca** ■jlrflll hlilhll "-"p"iffrswtiMUAjerrr SoM iahnaiMri Miriri Restaurant Pie Lid 902 Eat Cm PMfcwiy. Big SpWl Comptex Snyjporr 44W74 Td: 345 1211/3
      47 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      691 13 TV&RADIO luM Sell-A-Vision. CM Motivasi Senaman 2020 CM See Friday's Schedules. Til Asia Business News/Asia LM PM M.O.G. as Seen on TV S8r~» 4 Ms Market Report. 1 Show. ■HMMPHfIWw >«. TJt Bingkisan Semasa. f jSS *> <* I CM Abbott and Costello. CjM AM Youth's Corner. M Yang Di
      691 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      230 13 CRYPTIC CROSSWORD moM —i 1 Tie-pin came undone through h restlessness (10) flfl HH 6 Ran away from some wasp Ed- ward caught (4) 1 12 Fergusson left disorder as a re- LJ run smoothly (8) of boy's indiscretion (6) worth considering (333) jjjBjBBLJBL^PB^ZjBtZjBL^ 26 Lock used on US campus?
      230 words
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      43 14 TheßusinessTimes mm The €> 0%2 English Newspapers Available oif Decimber 26,1395 TheßtsinessTimks ■J P|- tOu99f sIPU Get Your Copy Of The Newspapers At Your Newsstands Newspapers also available at: Cold Storage, NTUC Fair Price, Petrol Station, Times The Bookshop and 7-Eleven. Jingaport Wntx Holdings
      43 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      186 14 TliU WEATHER ntapHim m Showers over many areas in the afternoon. Temperature (24-31) frill HVLo* OomL Bmpt BVLf Oond. WbT OM. AkMwJ 21/13 Cloudy At nil 02/3 Ctoudy Atlarta OMM Sunn) ■Wb* S«ay Alms 14/07 Cloudy Buenos Ara 3014 Ctoudy Mpl 06/-6 CtoMy Bah 08/-3 Clondy Clmgo 11/-6 Sunny aowty
      186 words
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  • COMPANIES & MARKETS
    • Article
      Renong to raise M$1b for stakes in other companies
      352 15  -  Proceeds to come from a rights issue of loan stocks, and bonds and warrants Ry Yen Ven Sreenivasan [SINGAPORE] Construction giant Renong Bhd is raising nearly Msl billion (***** million) through loan stocks, bonds and warrants. Funds raised will be used
      352 words
    • Article
      Noel plans rights warrants
      245 15 [SINGAPORE] Sesdaq-listed Noel Gifts International has proposed a 3-for-10 rights issue of 13.5 million detachable warrants and is planning to borrow $20 million to construct a nine-storey industrial building in Kallang Avenue. Under the terms of the warrant issue, a holder of, say, 1,000 shares will
      245 words
    • Article
      Freights Links lifts interim 15%
      203 15 [SINGAPORE] Freights Links Express has posted a 15.5 per cent rise in interim net earnings on a turnover increase of 29 per cent in its maiden results since listing on Sesdaq in August. The freight forwarder yesterday said after-tax profits for the six months to
      203 words
    • Article
      Econ buys site in Jakarta
      162 15 [SINGAPORE] Construction firm Econ International has entered into a preliminary agreement to buy a piece of land in Jakarta for 71.1 billion rupiah (Ss44 million). The Singaptrt-listed company intends tv build a retail, office and apartment complex on the 58,650 sq m site located near
      162 words
    • Article, Illustration
      Long haul for Bakun investors
      601 15  -  BOCK LOCK SOW By S N Vasuki Malaysian construction company Ekran Bhd is planning to list its massive Bakun Dam project on the Kuala Lumpur Stock Exchange (KLSE) next year. The listing has generated excitement because of the sheer size of the project and its
      601 words
    • Article, Illustration
      Newsprint costs will eat up ad rate hike: SPH
      290 15  -  By< Genevieve Cua [SINGAPORE] The Straits Times' advertising rate hike next month will boost Singapore Press Holdings' revenue, but this will be absorbed by still higher newsprint costs, executive chairman Lim Kim San said. In his chairman's statement in the company's
      290 words
    • Article
      Lock icon M'sian Issuing House fined M$1m in SC probe
      405 15 Bloomberg Business News {KUALA LUMPUR] Malaysian Issuing House Sdn said it paid a Msl million (*****.200) fine after pleading guilty to a charge relating to the initial public offer of Great Wall Plastic Industries Bhd. The charge arose from an investigation by
      Bloomberg Business News  -  405 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        Landmarks ruling challenged
        443 16  -  Soh Chee Wen wants order reinstating exec chairman overturned By William Chia [SINGAPORE] The tussle for control of listed property company Landmarks Bhd looks set to take place in the courtrooms, with Malaysian corporate player Soh Chee Wen seeking to challenge a court order reinstating its ousted
        443 words
      • Article
        Lock icon KLSE issues guidelines on placing computer orders
        212 16 Roles meant to protect all parties involved Reuter [KUALA LUMPUR] The Kuala Lumpur Stock Exchange (KLSE) has announced detailed technical guidelines and rules allowing stockbroking companies to provide their clients with a computer shareordering service. The KLSE said in a statement that the
        Reuter  -  212 words
      • Article
        Lock icon Higher-priced KL shares to go scripless first in anti-forgery bid
        363 16 MBT [KUALA LUMPUR] Malaysian Central Depository (MCD) will attach priority to higherpriced counters in its Central Depository System (CDS) conversion programme to prevent any attempts at forgery. MCD's depository division assistant general manager Zainuddin Alang Mamat said the MCD has
        MBT  -  363 words
      • Article, Illustration
        Lock icon Indonesian cement maker awards US$337m contract
        373 16  -  Deal to build factory goes to consortium of S Korean, American contractors By William Chia [SINGAPORE] PT Semen Cibinong, one of three listed cement companies in Indonesia, has awarded a U*****.5 million (***** million) cement plant contract to a consortium of South Korean and
        FRANCIS  -  373 words
      • Article
        Lock icon Holzmann mulls over listing in London, NY, Singapore
        219 16 Reuter [FRANKFURT] Germany's largest construction group, Philipp Holzmann AG, said yesterday it was giving "serious consideration" to listing its shares in London, Singapore and New York. Holzmann spokesman Claus Pfeiffer, confirming a report to appear in the next edition of Capital magazine,
        Reuter  -  219 words
      • Article
        Lock icon Leong Hup confirms part sale of KFC stake
        227 16 Reuter [KUALA LUMPUR] Malaysia's Leong Hup Holdings Bhd has confirmed that it sold 7.6 million shares, 6.8 per cent, of the issued and paid-up capital of KFC Holdings (M) Berhad for M 580.2 million (5544.6 million), or M 510.50 per share. KFC
        Reuter  -  227 words
      • Article
        Lock icon New SPK-Sentosa offer for Angsana
        229 16 Bernama [KUALA LUMPUR] SPK-Sen-tosa Corporation Bhd proposes to acquire 99.77 per cent equity interest in Angsana Sdn Bhd at the revised price of M 5117.8 million (5565.5 million). Payment will be via the issue of 31.4 million shares of Msl each at an issue price
        Bernama  -  229 words
      • Article
        QAF MD quits to focus on own business
        180 16 SINGAPORE The man who turned food company QAF Ltd around is giving up the helm. Wong Fong Fui now wants to "concentrate on his own private business", said QAF yesterday. It said Mr Wong declined to renew his service contract with the
        180 words
      • COMPANY Briefs
        • Article
          NatSteel increases stake in associate
          40 16 [SINGAPORE] Nat Steel Ltd has bought an additional 520,000 shares of Mil each in its Malaysian associate Southern Steel Berhad, bringing its total stake in the company to 22.5 per cent, comprising 63.244 million shares.
          40 words
        • Article
          SES queries GB Holdings
          56 16 [SINGAPORE] The Stock Exchange of Singapore has queried mainboard-Usted GB Holdings on the sharp Jump in its share price and trading volume yesterday. The leisure-boat maker's stock shot up 21 per cent, or 29 cents to $1.68 on volume of 10.4 million shares, making it the
          56 words
        • Article
          HBM on sudden price, volume jump
          34 16 [SINGAPORE] HBM Print said that it was not aware of any reason that could have led to the sudden increase in its share price and trading volume yesterday.
          34 words
        • Article
          Lock icon Prime Utilities' one-for-one bonus issue
          96 16 Reuter (KUALA LUMPUR] Malaysia's Prime Utilities Bhd has proposed a one-for-one bonus issue erf up to 90 million new shares by capitalising up to MsBo million (Ssso minion) from the company's share premium account The company sakl that It would soon be implementing its rights
          Reuter  -  96 words
        • Article
          Lock icon Wing Tiek to buy Philippine steelmaker
          95 16 Bloomberg Business News [KUALA LUMPUR] WingTiek Holdings Bhd, a steel products maker, roee 60 sen to Mslo.Bo after a company executive said It may use a US$2OO million (Ss2B2 million) Eurobond Issue to partly finance its M 51.52 billion (SsB4s million) acquisition of a
          Bloomberg Business News  -  95 words
        • Article
          Lock icon KL Kepong requests suspension
          37 16 Bloomberg Business News [KUALA LUMPUR] Kuala Lumpur Kepong Bhd, a palm oil plantation company, suspended its shares from trading pending the announcement of Its earnings for the 12 months through September.—Bloomberg Business News
          Bloomberg Business News  -  37 words
        • Article
          Lock icon Utusan Melayu to buy land from PKNS
          67 16 Bernama [KUALA LUMPUR] Utusan Melayu (Malaysia) Bhd has entered Into an agreement with Perbadanan Kemajuan Negeri Selangor (PKNS) to buy a piece of industrial land for M 57.183 million (Ss4 million). The company said that M 51.436 million —equivalent to 20 per cent
          Bernama  -  67 words
      • Article
        Astron to pump S$45m into sick Philippine copper mine
        317 16  -  From, Al Labita in Manila KUALA LUMPUR-BASED Astron Ltd, an associate of the Safuan Group, will spend Ss4s million to revive the Philippines' biggest copper mine, officials said yesterday. The sum was part of an agreement forged between Astron and listed
        317 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Cathay and Citic in row over airline
        467 17 Chinese partner lambaste MD in exchange of words over airline's future Bloomberg Business News [HONGKONG] Cathay Pacific Airways Ltd's managing director and its main Chinese shareholder had a public spat this week over the airline's future in Hongkong. Executives from the airline and
        Bloomberg Business News; Source: Bloomberg; BCRUZ  -  467 words
      • Article
        Lock icon Australian bourse plans overnight trading
        407 17 Move to face threat posed by regional stock exchanges snch as Singapore's Bloomberg Business News [SYDNEY] International investors soon may be able to buy and seU shares listed on the Australian Stock Exchange during their own trading days. Under a new proposal, the exchange would
        Bloomberg Business News  -  407 words
      • Article
        Lock icon Murdoch cools talk of bid for Fairfax group
        360 17 Reuter [SYDNEY] Global media tycoon Rupert Murdoch yesterday hosed down speculation of an imminent shake-up in the lucrative Australian media industry after ruling out a bid for the rival John Fairfax newspaper group. "We're not interested in buying or selling," Mr Murdoch
        Reuter  -  360 words
      • Article
        Lock icon Microsoft overtakes Coca-Cola in Asia
        161 17 AFP [HONGKONG] US computersoftware giant Microsoft Corp has unseated Coca-Cola Co as the leading multinational company that does business in Asia, a Hongkong-based weekly magazine said yesterday. The survey, carried out by the Far Eastern Economic Review, ranked 90 multinational companies from outside Asia as
        AFP  -  161 words
      • Article
        Lock icon Hutchison gets 1.63% of Cepa in swap deal
        149 17 Reuter [HONGKONG] Hutchison Whampoa Ltd has through its wholly-owned Hutchison Power Development Co Ltd agreed to exchange its interest in the Shajiao 'C' Power station project in China for a 1.63 per cent stake in Consolidated Electric Power Asia Ltd (Cepa), Cepa
        Reuter  -  149 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon IBM and Ameritech form US$400m services alliance
        345 18 Tie-up to manage desktop-based communications and computing Reuter [NEW YORK] International Business Machines Corp and Ameritech Corp on Tuesday said they formed a two-way alliance to manage desktopbased communications and computing for each other and other firms. Under the pact, the computer giant
        Reuter  -  345 words
      • Article, Illustration
        Lock icon Late in paying? No, says Kmart
        416 18 Bat credit connltant says it ku been late paying 3 suppliers Bloomberg Business News [LOS ANGELES] Kmart Corp is late in payments to three suppliers, a Los Angeles-based credit consulting firm said, though the retailer said it's making payments on time. The suppliers will
        Bloomberg Business News; Source: Bloomberg; JEN CHUA  -  416 words
      • Article
        Lock icon Management team to buy out Dunlop Slazenger
        332 18 FT [LONDON] Dunlop Slazenger, one of the world's leading sporting goods manufacturers, is to be sold to a management buy-out team for more than £300 million (Ss66o million) by BTR, the UK industrial conglomerate. The management is backed by CINVen, the UK venture
        FT  -  332 words
      • GLOBAL Briefs
        • Article
          Lock icon Reliance queried on 1992 transaction
          96 18 Bloomberg Business News [BOMBAY] The Securities and Exchange Board of India has asked officials of Reliance Industries Ltd and its registry agent Reliance Consultancy Services Ltd to explain a 1992 share transaction, The Economic Times reported. The regulator is investigating how Reliance registered Unit Trust
          Bloomberg Business News  -  96 words
        • Article
          Lock icon Samson Paper interim profit up
          101 18 Bloomberg Business News [HONGKONG] Samson Paper Holdings Ltd, the first paper merchant to list on the Stock Exchange of Hongkong, said its net profit rose 17.5 per cent in the six months ended Sep 30,1995 as sales rose. Profit after tax and minority interest payments
          Bloomberg Business News  -  101 words
        • Article
          Lock icon Approval granted for CRA-RTZ merger
          81 18 Reuter [MELBOURNE] The Australian Securities Commission (ASC) said that it had approved the merger between CRA Ltd and RTZ Corp pic and only one final document remained to be signed to satisfy its requirements. "The companies applied for various relief from the corporations law. In
          Reuter  -  81 words
        • Article
          Lock icon SmithKline Beecham to delist from TSE
          60 18 Reuter [TOKYO] Shares of SmithKline Beecham pic will be delisted from the Tokyo Stock Exchange (IPSE) next March 28 at the company's request, the exchange said in a statement yesterday. The decision was made due to the small volume of transactions in its shares
          Reuter  -  60 words
      • Article
        Lock icon Bajaj says Chrysler may buy stake
        382 18 Bloomberg Business News [PUNE, India] Chrysler Corp and Kawasaki Heavy Industries Ltd are considering buying stakes in Bajaj Auto Ltd, the world's second-largest scooter maker, chairman Rahul Bajaj said. Chrysler may buy a 5 per cent to 7 per cent stake if Bajjy chooses
        Bloomberg Business News  -  382 words
      • Article, Illustration
        Lock icon A C$300m expansion for Honda in Canada
        522 18 Bloomberg Business News [TOKYO] Honda Motor Co said it will invest Cs3oo million (Ss3o9 million) to add a minivan production line at its Canadian plant, in a bid to boost its share of the growing North American market for light trucks and vans.
        Bloomberg Business News  -  522 words
      • Article
        Lock icon UK's Forte to sell US Travelodge unit for £108m
        319 18 Bloomberg Business News [LONDON] Forte pic, which is fending off a hostile bid from Granada Group pic, said it agreed to sell its US Travelodge unit to a group of investors led by Hospitality Franchise Systems (HFS) Inc for a net
        Bloomberg Business News  -  319 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Fleet buys NatWest Bancorp for US$3.56b
        466 19 US group's second major acquisition this year will help it spread further down the east coast FT [LONDON] National Westminster Bank agreed on Tuesday to sell its US retail banking subsidiary to Fleet Financial Group in a deal valued at U553.56 billion (555.04 billion).
        FT  -  466 words
      • Article
        Lock icon Toshiba, Visa plan electronic shopping project
        172 19 Reuter [TOKYO] Toshiba Corp and Visa International announced yesterday that they would conduct a project to promote electronic shopping over the Internet. The project is part of a scheme by Japan's Ministry of International Trade and Industry to promote a global platform for electronic
        Reuter  -  172 words
      • SMALL Change
        • Article
          Lock icon Goldman Sachs earns US$1.37b pre-tax
          69 19 Reuter [NEW YORK) Goldman Sachs Co earned US$437 million (*****.2 million) in pre-tax profit in its fiscal fourth quarter, according to partners at the firm, the Wall Street Journal reported yesterday. The strong quarterly brought the investment bank's 1996 fiscal year pre-tax profits before payments
          Reuter  -  69 words
        • Article
          Lock icon Merrill Lynch to sell US$7b of securities
          75 19 Bloomberg Business News [WASHINGTON} Merrill Lynch Co filed with the Securities and Exchange Commission to sell as much as US$7 billion (559.9 billion) of debt securities and warrants. The company plans to use proceeds from the sale for general corporate purposes, according totheS-3
          Bloomberg Business News  -  75 words
        • Article
          Lock icon Nanyang Commercial Bank in Beijing
          59 19 Bloomberg Business News [BEIJING] Hongkong's Nanyang Commercial Bank opened its first Beijing branch, the fourth foreign bank to open a branch in the Chinese capital, Xinhua news agency reported. Nanyang joins Citibank, the Hongkong and Shanghai Banking Corp and the Bank of Tokyo, all of
          Bloomberg Business News  -  59 words
        • Article
          Lock icon Bank of East Asia assigned ratings
          71 19 Bloomberg Business News [HONGKONG] Moody's Investors Service assigned Bank of East Asia, Hongkong's third largest publicly traded bank, long and short-term deposit ratings and a financial strength rating. The US ratings company gave the Bank "A3" and "Prime-2" long and short-term deposit ratings. Moody
          Bloomberg Business News  -  71 words
      • Article
        Lock icon Deutsche Bank switching to int'l accounting standards
        228 19 Move to make accounts more comparable to other global banks Bloomberg Business News [FRANKFURT] Deutsche Bank AG said it will report 1995 earnings according to international accounting standards to make its accounts more comparable to other global banks. "The bottom line will be
        Bloomberg Business News  -  228 words
      • Article
        Lock icon M$330m loan for Penang submarine power cable project
        194 19 Bernama [KUALA LUMPUR] Southern Bank Bhd and Bank Bumiputra (M) Bhd will provide a Ms33o million (*****.5 million) loan for the 275 kV submarine cable project from Juru in Butterworth to Bayan Lepas, Penang. Southern Bank's executive director Tan Teong Hean said
        Bernama  -  194 words
      • Article, Illustration
        Lock icon India seen cutting edible oil import duties ahead of polls
        357 19 Reuter [BOMBAY] Indian Prime Minister P V Narasimha Rao's government, with an eye on elections next year, is likely to cut edible oil import duties in a bid to curb prices, traders said yesterday. "Edible oil is an essential commodity
        Reuter  -  357 words
      • Article
        Lock icon Bankers Trust declares regular US$1 dividend, allaying fear of cut
        258 19 It also acquires a 24J) per cent stake in a property and casualty insurer Bloomberg Business News [NEW YORKJ Bankers Trust New York Corp declared its regular quarterly dividend of US$l a share, allaying concern that earnings losses earlier this
        Bloomberg Business News  -  258 words
      • Article
        Lock icon Court dears way for BCCI payments
        140 19 Reuter [LUXEMBOURG) A Luxembourg court yesterday cleared the way for final settlement to former creditors and employees of the failed Bank of Credit and Commerce International (BCCI) when a judge accepted a motion to withdraw an appeal by former employees. Court-appointed liquidator Georges Baden
        Reuter  -  140 words
      • Article
        Lock icon CURRENCY REPORT
        165 19 Reuter, AFP London FEW European operators were willing to add ftiel to the dollar's overnight gains on the back of a US credit-easing and instead kept positions squared. The quarter-point decline in the federal funds target rate to 5.5 per cent on Tuesday encouraged the dollar alongside bond
        Reuter,; AFP  -  165 words
      • Article
        Lock icon Oil prices surge as snowstorms sweep US
        317 19 ENERGY REPORT Reuter [LONDON] World oil prices resumed their surge ahead yesterday as snowstorms sweeping across the US and US oil stock data added a bullish tone to the market. February futures for North Sea Brent crude, the world benchmark, climbed 16 cents
        Reuter  -  317 words
      • Article, Illustration
        Untitled
        1163 19 DITBMMKOPMUnroTEATM *|ilwt S$ Afrint IRS Aoatast flnilnit US$ K Oflf 018 Pilar Crr-tli BM Off* m oiSr FraK* franc *****0 *****0 4.9573 4.9583 a Local dollars to one unit of foreign currency: tlinjtiniQ intlir 1020 1021 7.7340 7.7180 W" AKtraNM doftar ***** L0490 0.7400 0.74IJ HlMHli ft* 0.0619 0.0020 2.283,500
        1,163 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        937 20 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market closed two sen lower to M 515.64 per kg on heavy offerings. Dealers said the fall was in line with the weaker performance on the London Metal Exchange. LME tin was down by US$3O overnight on selling pressure
        937 words
      • Article
        Lock icon SIMEX Report
        1148 20 Reuter [SINGAPORE) Simex Eurodollar futures edged lower on slight profit-taking towards the close after failing to extend their overnight gains, with dealers expecting rises to be limited before the year end. The US bond market surged overnight after the Federal Reserve trimmed its funds rate by 25 basis
        Reuter  -  1,148 words
      • Knight-Ridder Commodity Summary
        • Article
          French futures activity seen falling
          124 20 [PARIS] Activity on the French futures and options exchange, Matif, is expected to fall by about 20 per cent in 1995 compared with last year, according to Matif s year-end review released yesterday. The slowdown after several years of accelerating activity is in line with
          124 words
        • Article
          Additional strike prices on gas options
          111 20 [NEW YORK] The New York Mercantile Exchange said it will expand, effective yesterday, the number of strike prices listed in the first five months of natural gas options trading. Nymex said the change approved by the Commodity Futures Trading Commission on Tuesday will increase
          111 words
        • Article
          China soyoil demand steady
          161 20 [HONGKONG] China's buying for soyoil is expected to remain steady in 19% if world prices maintain at current levels, traders said. "World price will be a dominant factor in 1996," one trader said. "If prices are right, there will be buying throughout the year." For palm
          161 words
        • Article
          Moscow petrol prices seen stable
          96 20 [LONDON] Retail petrol prices in Moscow are stable and expected to remain so in the near future despite recent media reports of a possible sharp price rise, retail sources told the Interfax news agency. One source, at a company which owns 13 petrol stations, said
          96 words
    • Article
      COMMODITY PRICES
      1170 20 gCOirUTURBB Dec 20 MMCR (Mots cM* as at SJOpag Ml 1 CPBTMCTd cwftAj) CltM MMM 0p« Wjfj U» Srtt gww) hrtftrt JMH 2(7.00 212.50 ***** 700 1900 MM 212.00 212.00 213.00 tOO 3125 Mar 94 ***** 1700 *r/Jw 219.00 200.00 201.50 (75 ***** M&O* 217.00 207.00 210.00 1650
      1,170 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2407 21 +308J0 STOCKS closed sharply higher in active trade. Sentiment improved after a recovery on Wall Street overnight and a government plan to wind up ailing Japanese mortgage firms. Brokers expect the Nikkei to move around 19,500 for the rest of the week. Foreign investors were buying high-tech shares such
        2,407 words
      • Article
        Sydney
        597 21 ♦117 Share prices closed stronger, as bargain buyers stepped in after the market's loss on Tuesday and news of a US interest rate cut boosted sentiment "Yesterday, there was a lot of nervousness about whether the US could continue without a rate cut, so that fear was covered,'' said
        597 words
      • Article
        Manila
        362 21 +33.48 Share prices rose, largely due to a cut in the US federal funds rate and a rally on other regional markets. The PSE Composite Index rose 33.48 points to 2,509.63. Turnover was 1.56 billion shares valued at 3.57 billion pesos. The sharp rise in value was due to
        362 words
      • Article
        Taipei
        372 21 -117.33 Share prices finished 2.3 per cent lower due to heavy profittaking, with major shares suffering losses across the board. "Despite good news such as the gains of technology shares on Wall Street overnight and Taiwan's record high of export orders in November, institutions extensively reaped recent gains by
        372 words
      • Article
        Seoul
        481 21 +L 25 Share prices drifted higher amid a tug-of-war between profit takers and bargain hunters. "The market showed mixed sentiments on the new Cabinet line-up and lingering political concerns in the wake of the arrest of two ex-presi-dents," said a trader. The Composite Price Index edged up 1.25 points
        481 words
      • Article
        Wellington
        349 21 +1146 Shares bounced off its lows of recent days to close with a smile on its face. Responding to offshore buying interest, the NZSE-40 Capital Index rose 11.05 points to end on 2,108.13. "It certainly had the Christmas feel about it," said a dealer. "There were pockets of activity
        349 words
      • Article
        Bombay
        115 21 +13J0 Shares finished higher in a mild rebound as speculators and foreign funds bought selectively. The 30-share BSE Index closed 13.10 points higher at a provisional 3,050.11 and the 100-share National Index edged up 2.12 to 1,405.04. "The market traded on a better note today. Foreign funds bought shares
        115 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        362 21 Hi ImM nrr m tt MUU ««y %yr «yr «4y D#clO iRtfM Cln|9 CJMMf* CfctMft CNi9l cftMfi wwm sua to ma 04 at 04 174 t CATC Hit 14 94 U 4.1 VI TJ Curop« 3*17 1.0 10.3 0.7 12.1 04 13.9 tacMc mi 14 24 U -U U 04
        362 words
      • Article
        London
        564 21 *318 SHARE prices closed sharply higher, supported by Wall Street's gains. The FT-SEIOO Index closed up 36.8 points at 3,613.7. Volume was 751.5 million shares. Dealers said the market was sharply higher on US gains, buoyed by Tuesday's 25 basis point Fed rate cut, with a further boost given
        564 words
      • Article
        New York
        729 21 ♦12-29 US stocks rose, led by interest rate-sensitive car, chemical and bank issues, amid expectations lower corporate borrowing costs will help companies boost their earnings next year. Shares of Chrysler, Monsanto and J P Morgan rose a day after the Federal Reserve's policy-making panel cut the target for
        729 words
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      Lock icon HONGKONG
      2396 22 Bloomberg Business News Q Hug Seng *172 SHARE prices closed sharply higher on expectations of a domestic interest rate cut tomorrow after the Fed cut rates overnight, dealers said. The Hang Seng Index closed up 172 points at a high 0f9,877.86. Turnover was HK53.69 billion. Despite some predictions earlier
      Bloomberg Business News; FRANCIS; JEN CHUA  -  2,396 words
    • Article, Illustration
      Lock icon CHINA
      548 22 Reuter n Shanghai B Share big -HUH SHANGHAI B Share Index ended up on institutional demand for blue-chip Shanghai Yaohua Pilkington Glass. The B index gained 0.04 point to 48.97 on a volume of 4.5 million shares worth US$l.9 million. Despite the rise in the index, 13 of the
      Reuter  -  548 words
    • Article, Illustration
      Lock icon BANGKOK
      1130 22 Bloomberg Business News HSETMm STOCKS rose, led by financial shares and real-estate issues, on expectations these companies will benefit from the cut in US interest rates. The SET Composite Index rose 28.19 points to 1,275.45. Turnover was 169 million shares worth 9.97 billion baht. Although Thai rates aren't expected
      Bloomberg Business News; ALLAN  -  1,130 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares hit 3-month high after Fed cuts rate
        7068 23 KOALA Litnur\tnßef)orts Bloomberg Business News n Composite Indn +18.53 STOCKS rose to a three-month high after the Federal Reserve cut a key interest rate, leading some analysts to hope the Malaysian central bank won't raise rates as much as they'd feared. "The
        Bloomberg Business News; ALLAN  -  7,068 words
    • WARRANTS & OPTIONS
      • Article
        Selective buying of warrants in weak market pays dividends
        188 24  -  WARRAMT WATCH -By R Sivanithy AS WE have pointed out in past columns, selective buying of reasonably priced warrants is always a good strategy when the market is doing badly, because when it turns as it eventually will these instruments will
        188 words
      • Article
        Untitled
        3510 24 VMM* LOANS ft WARRANTS c« wt IMS Last Vol Day LMt OuoU V M A»q M|k Lm Strto Company Sat* ♦or- COOO) High Lew Buyor SaMar (HI Met 56 45 3000 m AMOe c5.5******6 48ll 45.5 51 174 120 m 3001 Amcol W*****5 277 *9 326 279 272 276 278
        3,510 words
    • Article
      CLOB INTERNATIONAL
      2246 24 MALAYSIAN STOCKS Cr Gr 1995 Last Vol Day Lot Ouott Mv Otv YM MM M Cap M* Low Stno Company Sale (MOO) Mkqh Law Buyer SeMer CVr Ptt tma 4» 84 a 5000 AISB50C. 436 cd 5 444 434 432 440 54 OJ 904 4472 127 70.5 5001
      2,246 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1489 25 TMMQVI*****) VALUf fOOO) Wfc CM* T«t Ifcli CH» T«M HOlWM 120,11 20,424 141.235 24t,M» 32.418 *****4 nun 6,051 4,970 11,021 70,474 6.5*0 77,015 3.176 uit 4,887 7.8W W»T 10.826 Pr l—mw 8407 13,553 2V860 4MM tt,m *0,22* ssr us "a «s TOTAL tSUW 4*m 200,405 3840M M.813 483.899 SCSOAQ 52,880
        1,489 words
      • Article
        MAIN BOARD
        4323 25 Or Or M an 1998 Last Vol Day Last Oiwtl Mv 0«v YM Nat Cap Avq Hljll U» StMo C»HHf XH fOOOt Law Byyar hUt CV M M Prlca MNtVMMJ V 5 ?Y: \i i 210 176 1258 AcarSOc US190 *3 160 192 188 188 190 12.9 3M.5
        4,323 words
      • Article
        SESDAQ
        840 25 8f 8c M Wt 1998 LMt V* 0#y LMtOMta Ml Ml n M C4» 6*9 H>9» 1— »W C»m»iwy I* Pjjjl H>9» 1— Kyo to8f Cw P/I »w6 Prtc» hum m h ■< i i iir i t 322 40 t 2000 MKHMqtSc 2* *2 177 299 290 2*1
        840 words
      • Article, Illustration
        Lock icon HOT STOCK
        58 26  -  -Byl Paul Leo FRANCIS SEKSUNPrecision Engineering surged 13 cents, or 10.7 per cent, to an all-time high of $1.35 yesterday. Volume was a strong ZO4 million shares almost 6.5 times the lOday average qf318,000 units. While momentum indicators still show further upside, relative strength indices are overbought. Be
        FRANCIS  -  58 words
      • Article, Illustration
        Surprise US rate cut sends blue chips soaring
        902 26  -  STOCK MARKET COMMENTARY Volume remains concentrated in second liners as old takeover ramonrs resurface By R Sivanithy [SINGAPORE] A surprise overnight cut in US short-term interest rates and the consequent recovery on Wall Street after Monday's collapse sent the local stock market
        902 words
      • ON THE GRAPEVINE
        • Article
          Headmaster's report on ING Barings
          149 26 SOME erf Euro Week's dinner guests came up with this "headmaster's report" on ING Barings: A problem child with the English bloodline producing some extremely erratic behaviour and a tendency to be pearbrained or too flashy by half without any good reason. The cheque for
          149 words
        • Article
          Waiting for LC(Godot)Development?
          193 26 LC DEVELOPMENT halted the trading of its shares on Dec 14. Almost a week has gone by and there has been no word from the company. Before the shares were suspended, the market was rife with talk of various things. One was that Lum Chang will be
          193 words
        • Article
          'And we will fight them anywhere...'
          121 26 THE bloody battle in the Hongkong Chinese newspaper business is not just restricted to the newstands. One round of sharp price cuts and two newspaper closures lata*, the two-week-old all-out war has extended into the courtroom. Among the latest high court writs was Oriental
          121 words
        • Article
          No big boys, no rate cut
          69 26 AMONG the many sound arguments on why local banks will not lower interest rates after the Fed did so, one reason stands out and might probably prove true. An analyst said that many of the top honchos were away on Christmas vacation Hence, if
          69 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      53 15 5538.5 million. Free ho 1 d \vareh o us e. Where the book people are. US Jones Lang Wootton closes 5538.5 million sale of MPH House at 12 Tagore Drive to Habitat Properties Pte Ltd. c Jones Lang Wootton 50 Raffles Place *45-00 Shell Tower Singapore *****3 Tel 220 3888
      53 words
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      Page 16 Advertisements Column 1
      41 16 i* kvP A iml h F0 I I' I 1 TN« MrtM was sponsored by: <■ N The Hour Gl ass B J A# S T« QUA L I V ri M c tHHHBre 12, a channel of the TV 12 network/
      41 words
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      Page 16 Advertisements Column 2
      167 16 APRC Presents World-Class Training J 7 Top IE courses to blast your way to success I! 1. TPM Kobetsu Kaizen Fob 9,13.15 2. Cycte Time Management April 22,23,24 3. MOST Wort Measurement Mar 13,15,18,19.20 4. MTM-2 Feb 26,27,28,29, Mar 1.4.5 5. Process Redesign Feb 23,24 6. Productivity Measurement April 19.20
      167 words
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      Page 17 Advertisements Column 1
      263 17 LONGINES The new Golden Wing collection by Longines is a creation of infinite beauty and magic which bears the mark of a Hr jBlWv 19 tradition of over 160 years Longines 'unnged hourglass, in time measurement and /6e marvel of creation. Recommended Retail Price* Wies *****.5.11.6)- 1/ vm Longines Golden
      263 words
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      Page 18 Advertisements Column 1
      44 18 This announcement appears as a matter of record only. Henderson Land Development Company Limited (Incorporated m Hong Kong with limited liability) Placing of 48,250,000 shares at HK545.60 per share raising HK52,200,200,000 Bookrunner INGH#) BARINGS Joint Lead Manager Credit Lyonnais Securities (Asia) Limited December 1995
      44 words
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      Page 21 Advertisements Column 1
      138 21 j Singapore Handicrafts presents the splendour of majestic rosewood. jO ?ll |vl Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's leading V |HK UHU _1J Wg rosewood specialist A rosewood masterpiece with its refined lines and exact proportionsadd a touch of i w J•
      138 words
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      185 22 @-/2ow passengers travelling .A to Hong Kong can take Mjjjg\ THE BUSINESSTIMES a load off their packs. Fa«ter.Skar»er.Deep«r A bold new look and a fresh approach to the news and views. For the earliest flight out of Singapore and the last one back from Hong Kong within the same day,
      185 words
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      Page 23 Advertisements Column 1
      30 23 internationally certified diamonds, emeralds and other gemstones. fIH^HJ^ NE SHOWROOM: Mondial Ngee Ann Ttkmbimay* Shopping Centre, 391 Orchard Road, Nget Ann City, Singapore 0923. TeL 734 2034 Fax: 732 3162.
      30 words
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      37 24 COOP INTERNATIONAL PTE LTD sjpphirecrtMai. Waler-rKistant to.Ml metres. Hiuh performance quart/ movement. i• ffi| y 'J? 541 Orchard Road. 12-00 liat Towers Singapore 0923 5 vcjr international limited guarantee. »l*' Tel: 735 8900 Fox 735 8909 V
      37 words
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      169 26 oTTT'e s IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ANO IN THE MATTER OF SOPHIA DEVELOPMENT PRIVATE LIMITED On Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN that the creditors of the above-named Company, which is being wound up voluntarily, are required on or before the 26th
      169 words
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      Page 26 Advertisements Column 2
      295 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SOPHIA DEVELOPMENT PRIVATE UMITED (Members' Voluntary Winding Up) At an Extra-ordinary General Meeting of the above-named Company duly convened and held at 143 Cecil Street, *19-01 GB Building,' Singapore *****2 on 14th December 1995, the following
      295 words
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      Page 26 Advertisements Column 3
      454 26 THE COMPANIES ACT. CAP. SO COMITY CONSTRUCTION PTE. LTD. f/pi members' voluntary liquidation) At an Extraordinary General Meeting of the Meaibers of COMITY CONSTRUCTION PTE. LTD. duly convened and held at 101 Upper Crou Street *04-43 People's Part Centre. Singapore *****7 on the 20th day of December 1995 the following
      454 words
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      Page 26 Advertisements Column 4
      135 26 Singapore Closing Share Prices 20/12/1998 CLOSE PREV LOW HIGH till## US$ uss uss uss Millar Jardin© Matheson 6.65 6.60 6.60 6.66 Flfflill Jardino Strategic 2.00 2.86 2.80 2.00 I VAfiy J Dairy Farm 0.83 0.81 0.819 0.839 Hongkong Land 1.70 1.80 1.78 1.83 Mandarin Oriental 1.22 1.23 1.10 1.23 EfiUMS
      135 words
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      Page 26 Advertisements Column 5
      14 26 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003,
      14 words
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      Page 26 Advertisements Column 6
      320 26 M THE MATTER OF THE COMPAMES ACT, CAP. SO AND THE MATTER OF G&JJEMT CONSTRUCTION PTE LTD (Incorporated in Singapore) At an Extiaortfrnary General Meeting of the abovenamed Company duly convened and held at 141 Middte Road #05-03 GSM Building. Singapore *****6 on the 12 December 1995 the following Special
      320 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      295 27 Knight Ridder, Reuter THE FREIGHT market continued mixed, strong for those vessels able to take advantage of early loading positions in the US Gulf and PNW, but weak and depressed in most other areas. Overnight the BFI lost another seven points on Tuesday, down to 1,630. The Biff
      Knight Ridder,; Reuter  -  295 words
    • Article
      HABITIME STOCKS
      279 27 Hi Hi CWT Distribution 156 *0.02 147 ChuanMup 1.28 *0.06 346 Cosco Invastmont 1.92 <0.02 IS FO.S 6.80 *0 JO 391 rrataht Links a775 *0.01 58 CB HoMtngs 168 *0.29 ***** HMSunHup 0.945 uncti 592 HKactd Zoaon 106 *0.02 69 IMC MoMngs HK5.60 J*y« Ho**ng» 162 *0.01 291
      279 words
    • Article
      Shortage of officers will get worse
      416 27  -  Steps most be taken to balance world demand-supply equation, warns manpower study By Rahita Elias [SINGAPORE] The worldwide shortage of ship officers will worsen unless steps are taken to balance the demand-supply equation, says a recent study. The study, 1995 Manpower Update, was commissioned
      416 words
    • Article
      1995 a classic fool's paradise for shipyards, owners
      786 27  -  MEWBUILDS By David Hughes AT FIRST glance 1995 looks like having been a good year for both sides of the demand/supply equation in the newbuilding market. In 1994 orderbooks expanded with more than 41 million deadweight of new contracts booked. That is
      786 words
    • Article
      Lock icon Buy recommendation for Brambles
      257 27 Transport group forecast to make As2l7m profit for year to June 30 Reuter [SYDNEY] Macquarie Equities Ltd has made a buy recommendation on transport group Brambles Industries Ltd. The Macquarie report forecasts a profit for the year to June 30 of As2l7 million (*****.8 million) with
      Reuter  -  257 words
    • Article, Illustration
      Lock icon Locally-built ferry to kick off Philippine service
      220 27 [SINGAPORE] Newly-built Stella Maris is all ready to kick off the inaugural Manila-Subic-Puetro Azul service by new ferry consortium Grand Seaway Ferries from January. The catamaran, built at a cost of $8 million by the Kvaerner Fjellstrand shipyard here, was christened recently. "This
      CHRIS LOH  -  220 words
    • Article
      HK shippers visit Pearl River Delta ports
      142 27 [HONGKONG] The Hongkong Shippers Council recently led a delegation to China to visit a number of Pearl River Delta Ports and observe developments. "We aim to visit all these ports every 18 months or so to check on progress," says Clement Yeung, HKSC's
      142 words
    • Article
      Lock icon Active Middle East chartering fails to support tanker rates
      384 27 Reuter [LONDON] South Korean and Iranian charterers were active in the Middle East market helping to keep the sector ticking over, but rates were not supported. Tanker brokers on Tuesday said Iran's NITC had fixed three very large crude carriers (VLCCs)
      Reuter  -  384 words
    • Article
      Griffin to boost HK Register
      113 27 [LONDON! South African listed company Griffin Shipping Holdings is committed to moving its entire 15-vessel-strong fleet to the Hongkong Register,according to managing director Michael Meehan. Griffin has recently incorporated its Hongkong management arm, Coldwell Shipmanagement, into Griffin Shipping Asia. The company has fleet expansion plans
      113 words
    • Article
      Lock icon Kvaeraer still seeks UK expansion
      307 27 Norwegian group undeterred by failure to acquire Amec pic Bloomberg Business News [LONDON] Kvaerner AS, the Norwegian shipbuilder that failed to acquire Amec pic, a UK construction and engineering company, is still seeking to expand in the UK. "We feel the need to be stronger
      Bloomberg Business News  -  307 words
    • Article, Illustration
      Lock icon Sell-off reaches a crossroad
      821 28 PANAMA'S PORTS: MOVING FROM STATE TO PRIVATE SECTOR State-run ports are being handed over to private operators for fast-track development as the government recognises the commercial potential of the nation's geographic position at one of the world's neutral trade choke-points Fairplay EU G E changes are
      Fairplay  -  821 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 28 PACE ACL n AMI 3 Abie 7 Accord 10 AWers 6 AhrenfcM 4 Appenship 4 Astro 13 Austral It Avant 6 BSA 11 Batamindo 7 8'tang Mas 10 Bright Express 6 CCNI 4 CMA 11 COSCO 7 CSAV 3 Centenary 7 Central Ex
      325 words
    • Article
      SHIPPING GUIDE
      10629 34 ETA ETA Advertiser Vessel Voyage Pg ETA ETA Advertiser Vessel Voyage Pg SIN Destn Name Name No. No. SIN Oest'n Name Name No. No. aMMMMMMMMMMNMMMMMMNMMMMMMMMNMMMNMMMMMMMNMMMH a Buenos Aires 25/12 20/01 COSCO USBOA /000i T Adelaide 25/12 23/01 OSR DILIGENCE COMTAINE WL603 4 23/12 13/01 DJak Lloyd MAJAPAHIT V
      10,629 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        606 39 Mt» *frtwl Dtpvlart (IT) F«Mr Ul 4/95 J *5 ttonqsxM 21.12/1930 (in Saripti IN 26/95 J1 MxqsM* 21.12/0900 (IT) 'kvkh fed* 22/95 J) MonqsuM 2112/0529 OmtM 891 JW ik»guk 21.12/1800 l*st«rt 4/9 ikntsak 21.12/2300 My* Sahti 12/04/95 J12 a tongs** 21.12/2300 s«ry* H Y« J12 MnpOt 21.12/2300 MM
        606 words
      • Article
        CONTAINER SCHEDULES
        1420 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boofctng/BaUnct Rstts Sliip Voy No Etb/Btr P*ftod From To Fron Ac. Clow OOM 2VMOO 2* 20/1700 21/0659 21/0900 2* 20/1700 21/0659 2V0900 2V0700 21/1159 21/MM 4 21/1200 21/M59 21/1700 tail* MM 21/1700 M 20/BOO 20/1659 20/BM 20/H00 20/1*59 20/1900 Malta*
        1,420 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Boeing sets plans to raise general production rates
        434 40 Mm reflects beginning of long-awaited industry upturn Reuter [SEATTLE] Boeing Co on Tuesday announced its first general production rate increase in more than four years as the company moved quickly to recover from its long Machinists strike. "This is a positive sign
        Reuter  -  434 words
      • Article
        Lock icon Northwest Air's debt rating raised
        147 40 Bloomberg Business News [NEW YORK] Northwest Airlines Corp got an upgrade on about US$BOO million (Ssl.l billion) of debt from Moody's Investors Service, the second increase by a rating agency in the past week. Moody's raised its rating on the company's Northwest Airlines Inc unit
        Bloomberg Business News  -  147 words
      • Article, Illustration
        UPS delivers Beatles recording
        109 40 [SINGAPORE] Atlanta-based United Parcel Service (UPS) last month delivered the Beatles 'Anthology to more than 18,000 retail outlets across the US and Puerto Rico. The 60-track recording included the new Beatles'song Free As A Bird, which was scheduled to air on Nov 19 as an exclusive
        109 words
      • Article
        Lock icon Belgian transport strikes create chaos
        234 40 National airline most flights Reuter [BRUSSELS] A fresh wave of strikes at Belgian railways and national airline Sabena plunged the transport sector |n Belgium into chaos on Tuesday. Most of Sabena's 280 flights scheduled for Tuesday have been cancelled. So far only 30 were known
        Reuter  -  234 words
      • Article
        Lock icon Daimler undecided on future of unit
        210 40 Reuter [FRIEDRICHSHAFEN, Germany] Germany's DaimlerBenz AG has not decided how to assimilate its engine-mak-ing unit MTU Friedrichshafen, currently run by AEG AG, MTU's chief executive Rolf Hanssen said on Tuesday. He said Daimler was considering either assimilating MTU into the core DaimlerBenz Holding group
        Reuter  -  210 words
      • Article, Illustration
        Lock icon Bus company Stagecoach wins first UK rail franchise
        491 40 It denies it will cut unprofitable parts of rail network Reuter [LONDON] Stagecoach Holdings pic opened the privatisation of Britain's passenger rail network on Tuesday with the announcement that it has won a seven-year franchise to control the South West Trains regional
        Reuter; REUTER  -  491 words
      • LOG Book
        • Article
          Lock icon US agency may penalise airline
          78 40 Reuter [WASHINGTON] The Transportation Department on Tuesday charged the all-cargo airline Millon Air Inc with v illegally wet leasing its aircraft and crew to the Guatemalan carrier Lamsa. It said that Miami-based Millon failed to follow long-term wet lease regulations that require an airline to
          Reuter  -  78 words
        • Article
          Lock icon Mitsubishi to export cars to Japan
          107 40 Bernama-Kyodo [BORN, The Netherlands] Mitsubishi Motors Corp will import its Carisma compact cars being produced at a plant in Born, the Netherlands, to Japan, starting sometime next year, Mitsubishi Motors chairman Hirokazu Nakamura said on Tuesday. Mr Nakamura, who is visiting the country to
          Bernama-Kyodo  -  107 words
        • Article
          Lock icon China firm exports 20,000 motorcycles
          94 40 Reuter [BEIJING] Qingqi Motorcycle Manufacturing (Group) Co, one of China's four biggest motorcycle makers, exported 20,000 motorcycles in the first U months of 1996, Xinhua news agency said yesterday. It did not give comparative figures or a dollar value. Qingqi, located in Jinan city in
          Reuter  -  94 words
      • Article
        Lock icon USAir expects earnings to exceed forecasts
        261 40 Bloomberg Business News (ARLINGTON, Virginia] USAir Group Inc said it expects 1995 earnings to exceed the high end of analysts' estimates, said chairman and chief executive Seth Schofield. He told a group of airline analysts at a meeting in New York on Tuesday that
        Bloomberg Business News  -  261 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1436 40 CITY FUSHT ETA FUCWT ETP Hongkong UA805 0105 CX078 0255 Aba MmW S0441 1550 ***** 1140 UA806 0815 sSM Kmo 'ssssssiss —1 CJ665 1335 SO 862 1315 kmstarim K1843 0545 KL838 2335 S0865 1440 C1666 1440 S0/D125 0645 SQ/D126 2355 CX713 1525 CX712M50 *1*37 B* 0T78
        1,436 words
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      1119 28 wggT GOABT D£aTlMT l lU9I mm u «i «|w|n ok n |KKo<jn vuw |w»| <1 ffffißl ffllfllT v/n wn 'J/*' iv>i i7/»i ii/ii i*/»i i4/ii i;/ii i7/*t ii/ii favour 26/12! IS/wTi5 KXI 19/12 J 22/92 29/1 M )/92 j I 1 I cmmmamkmy n «v«i m/ii m/m n/n m/oi n/oi
      1,119 words
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      Page 28 Advertisements Column 2
      235 28 Line* and service* represented by Members of the Registry of Accredited (►gS*l Shipping Agents, Singapore Nationsl vajjmjj Shipping Association. \jjsy for aaventsmg encfunes, contact ywppfng Times: r K 740-2089 e i ————i^—. < a B| 1900-91 i cents a min^^H^ H||l^lliftiMMiiAAli|3ii^Ei3AiHM^^^^^H I~ S*por» ■hope 20/12 Rc*iVAtw/UK/Nw«aa I„ ■ATHMOULA 28/12 30/12
      235 words
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      1220 29 PACIFIC SOUTH WEST EXPRESS (DIRECT) vtssa vor swim gre uu oak phi mm cm m hou iik w AUI6AIOK AMBKA 41A 21/12 >1/13 >7/01 00/11 10/11 11/11 11/P1 11/01 12/01 11/11 14/01 wflwcMg m »/n a/i? u/oi »6/»i 17/01 ii/»i 11/01 u/01 it/01 19/01 21/01 OOQCAUKMBiA WW 62/01 >4/01 10/01
      1,220 words
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      Page 29 Advertisements Column 2
      1446 29 I HANJIN SHIPPING I I USA CANADA junavraa wr an uwmn |a*|w| nw ot |wt m Iw I pre m oi am rvi —Tm —Tm —Tm m I »/n ~ma |u/ti »/»i »/»i »/»i »i/»i a/»i li/jr" ~n7ii—"H/ii ii/iT ~»7ir- ~wwT wi ~a/*T~ W wii "wST" IUMGtfOH OM M/fi mkt
      1,446 words
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      1259 30 ffssa VOY HAM rDAM ANT UU S7ON PCUHG SM H(G (AO IVO SM 1001 NAfi ■wvk* os/7«" w/ii i7T? 3a/ii yfi run ~h7TI~ n/iT ~<7i esmi grass iv»w z/it m/ii w/11 t/i? s/it 74/17 ?yn a/i? vi imbu "WmT 4/1? I/i? vit iq/i? ri/u z/i ~U\ j7T~ ToTT [OS*] iwffgfiffi
      1,259 words
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      Page 30 Advertisements Column 2
      802 30 I NORASIA y?® 21 VAt HAM am ROT ANT «LLi4/k| ass. Im! JSE !JS 122! U£ IWI M l IWI Er a s s a B 25 35 25 IIPWOI Mn Ml z #MB IM2 IMB 11*2 11yt? 12/02 14/02 I 225-. J?, JM AU PJO TM KOPVCC ANCBM QMK
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      633 30 JAPAN/HONGKONG/STRAfTS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG VESSEL vor STORE r BUOAWO 1 WCB PEN VISTA a ffg 24 OfC MWOW J note 23 DEC YAYASAMUW > a DEC YAYASAM LAPAW 7 a PEC M DEC 28 OtC EASTEMIHERO 24 WOEC Mjg VANOA NAUEE 2 27 DEC M DEC W
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      949 31 JjWf STRAITS SHIPPING PTE LTD I MB 10 Hm Chiang Road #11-01 Keppal To wars WLJB Slagapora 0200 Tal: *****00 Fax: *****17 fcBBtBBHIiHT-WSHTPnaaßlSljffßßgWg-IIBTgW wwauiN«*H>wicuMi Singapore /SfiQjf (A SERVICE Of CHINA NAVIGATION CO) I" CMMKAJNM-22 VKIK 24 0m HOr KHHOmMm. ImMmATmm rann IMW!■■■« STRAITS NOPE VWI7E aOk2* Ok Mmn. KM KJnMali
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      Page 31 Advertisements Column 2
      1708 31 P&O Containers (Singapore Agencies) Pte Ltd r* iirr-Ln t t-liit.. 10 Hoe Chiang Road, #07-01 Keppcl Towers, Singapore 0208 First Class Connections WORLDWIDE Te|: 225 2233 Te rs ***** pnocsp Fax: 22s 5327/222 7517 CR Number *****9 *****/ EXPORT IMPORT JHSSko.- ui *21 '*K0 BS sou AWT rot mam oot
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      Page 31 Advertisements Column 3
      525 31 OWOUMP PB. PBI JOH «M HKE KAO TM Kg TOK TOK NAG KOD OH MOJ M MMHMM2/ND34 17/12 I*l2 2*12 *1-22/12 2*12 2V» 2V12 W2 TStT DSMI C/rT D3MI MMHM2ISMD2S ~Sj\t TviF 23/12 24-2*12 "TgiF" FMI Oil tfjST ~MI~ "Mil ~~WE~ •uammnm W2 2yi2 27/12 2p-2*i2 hhi wi mi "mi
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      Page 32 Advertisements Column 1
      713 32 MP BO* ANW HM THF LHV LMV THP ROM ANW HBB PKL SAP 25*5 "Sf 11 0/12 11/1 12/1 I*l 18/1 17/1 I. GlHOt RE-870 28/11 *7/11 2*ll I*ll 1/12 28/12 28/12 WWIWMW 31/12 W 2M 21/1 2M 2*l E. BIFTEO RI-BS2 4/12 8/12 8/12 7/12 8/12 1/1 1/1 I
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      Page 32 Advertisements Column 2
      704 32 ■sir S£'ißs Si 3 |Er ii ft ft s<| Dh a b', R iyK»v«D«nm«n) B I™ I uuhmnu onolSw IR2 5* iy* {R, *5? w I nun ouuo3* -07/bi J//Q1 22/01 2VOI 20/01 unmot o?S«nj 8/8 I 22/12 M^^ London, Port Eiabeti, Pretoria via Ourtwn H Er kwkHii s E»
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      Page 32 Advertisements Column 3
      632 32 TEL: *****33 (12 UNES) FAX: *****18/*****03 TELEX: RS ***** MSMP (3 URM) CR NO: **********0E EB2r ETHIOIHMi SWFPMK UHli Lines of Elttoais) ACCEPTING FCL AMD CONVENTIONAL Vo* NTA Loading for' Npona AndM 42W8 10/02 Atoyot 43W8 25/02 Mornba^^C^bouti H KIEN HUNG LINE FULLY CONTAINERISED REGULAR UNER SERVICE ACCEPTING BOTH PCL/LCL
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      Page 33 Advertisements Column 1
      1684 33 MOT SAUK T9 MM-14 DAYS ■EW YORK-30 BAYS ,MW 4 Mtt 1" I*—*): If 11 Ml *t—€f o*ol COSTAR SHIPPING PTE LTD f "i'tu ci»t§itr 4mt4i/u4 cmmm*»k-m mhh; <»*«/»« wtr/i/ M I. c»fn—i *tHUt 0/0 4mm aSSSJmtSmm DBS lit, Tlmtr t en If *****9**5 M fn 77*7104 tnUUlk Sn Otci
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      Page 33 Advertisements Column 2
      770 33 ©HEUNG-A SHIPPING (KOREAN FLAG) I CI NO: 141M*****0 M I mnrtaiß—gasatwg I woi«iiMaßg»BSsv( ymmttt w w »T» JP t w t w wwm w wt 10 w i wt w l!«!i IM hi I SB.W „„w' aSiimiiamjffimjßM: i,,, i r—imtit wv mi is m m m mm MK Mr I
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      Page 33 Advertisements Column 3
      591 33 (fc FAMOUS CONTAINER LINES JIP 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) 2 SAILINGS A WEEK TO MANILA ManUa. m o 1 .r\s> FOR BOOKING *****33 CONTACT SHARON LOW P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 gBW no
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      Page 35 Advertisements Column 1
      132 35 Our inmarsat-A service now 7 B s B p more information covers the Indian Oco3ti Region, r by tax Sentosa LES fnmarsat-A service has now extended coverage I? call 740-6000 to the Indian Ocean Region. Till 31 May 1996, you can > enjoy attractive promotional rates for our new Inmarsat-A
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      Page 36 Advertisements Column 1
      914 36 m VHIII VOY WN JKT YHSiI VOY «N P€W I VESSEL Twoy UN iioc ISRA BHUM 131 SB Frl I 22/12 ~9un I 24/12 STAMfOBD 8803 Jg_W Sat TViF QURU BHUM 0188 Sat 23/12 Tim 28/12 AKA BHUM _8801 ?SL_ MM 8 Tu> 28/12 VANTRABHUM 118W Thu In Pt Sun
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      Page 36 Advertisements Column 2
      976 36 79 ANSON ROAO, 921-01, SINGAPORE 0207 CR f **********0N •TRAITS SHUTTLE SERVICE PORT KLANO PENANQ vosa vot m m vessel I voy m I pbi SEALAUBEL 444N 2412 SUN 25/12 MON M DRAGON JAVA~ g IN 20/12 WED 22/12 FBI XOUB SPORE ***** 2VI2MON 27/12 WED H MCCVAMTAfIf 5077 "?VI?MQN
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      Page 37 Advertisements Column 1
      650 37 M MYANMA wBBk FIVE STAR UNE (MyMaar Natiaaal Um) l«wK«s far Yaajoa (Raagaaa) msa vot sm kg m kii MYOMA TWA IS7W Sit HPA-AA 2MW 27/12 SU> ■ALATSM ACOm: OOUSTIAD SMPTWG ACOKXS KUL 1H 12-03-*****00 KL TH 02-03-37*4101 rat m 02-04-2****** rco: m 02-07-*****21/4 BANK UNE (A wnrict af Aa*tw
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      Page 37 Advertisements Column 2
      1115 37 ADVANCE CONTAINER LINES (PTE) LTD ———•-API 140 CacM Street, #12-00, PIL Budding, Singapore 0106 M Lf TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL ———CR NO. **********06 (T lillla|i/Wae>) I I vesaa- voy~ am bkk sn vna voy jkt mt BI2A -223 JOLtf—Sd Mil La 30/12 Sa tASTIOIIUTO) TO 23/12
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      Page 37 Advertisements Column 3
      793 37 **********0Z VFWELB «N PWETH LEH4KWE HAMBURG THAMEBPORT ROTTERDAM ANTWERP \ALLE DE BAfllTlA 812W 22/12 OBAM 10AM 11/01 14®1 14/01 WW IALLE PAQIALA AITH 27/12 QQ/W 17A)1 WW 30/01 21/01 23/01 VK-LE D 6 GEMINA HI2W OMM ***** 2MM 27/01 2MM 30/12 01/02 IALLEOELYWA VIZW 22AM 30AM 31/01 02/02 (BAB OOMB
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      Page 38 Advertisements Column 1
      645 38 SINO KXPRKSS SHIPPING (PTI) LTD. A M M I 11 COLLYER QUAY §06-01 THE ARCADE SINGAPORE 0104. J TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANOHAI (CONTAINER SERVICE) SIN/HKQ/SHAI S'PORE HKQ SHAJ VESSEL VOY ETA I ETP ETA I ETD ETA I ETP J£EM2§ 9651/9652 23rt2 28/12
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      Page 38 Advertisements Column 2
      409 38 IP AMMW CHWTAINFR HHPS, IMR I Agaots: MAC-NELS SPORE: *****22 <24 UMES) pojch»«(om)««m SSBSL«r P. KELANG: (03) M ***** JKT: (21)*****07 MDN: <01)*****3 BANDUNG: <22)*****16 i ACCEPTING NOW TO: SHANGHAI MV "GOODWELL VOY.NOO6 ETA SIN: 22-12-95 HOHGKOHG MV "NEPTUNEALMANDINE" VOY. 16E ETA SIN: 22-12-95 CALL KXP OUT/IMP OWTi *****22 l__—
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      Page 38 Advertisements Column 3
      159 38 iff MFL SHIPPING (INT'L) SSSSf PTE LTD SUBSIDIARY OF HAI SUN HUP GROUP FCULCL CONSOLIDATION SERVICES j HOT LINES; *****42/345 ACaPTMG CAXGOCS TO fUROK lASI PORTS/ SYMSY/MBJOUiNI lofting Fa to us* ports and aross-#o«ott snvw TO MtUCO AND CANADA ■■■EQEIQHHHI VKsn voy m (sin) tOTA IKTAN INTI2S 24/12 NOKDWIELE 007S
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  • Page 38 Miscellaneous
    • Miscellaneous
      Page 38 Miscellaneous Column 1
      126 38 ••C LEGEND: < R Thunderstorm T*mp*roture c A ;j WL tl W*olh»f Wind drecbon with ipMd in knots Wnv u^,, Ooudy Sky hw rt Serfece «a 4 or* «*c*fd by errovs wtadi Ny wrtti Mm wmi On* ful circle represents calm or light and variable wind* On* half Heche represents
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      Page 39 Advertisements Column 1
      448 39 BKAPAL KRIS Shipping Pte Ltd 701DUXTON ROAD, S'PORi *****9 W: *****76 fac *****77 CR NO. **********0G SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 30W0» lUXK A GIOMAC MISMESS aMISE, 10 MUM SS 4/1, KQANA JAYA, KO. MX MM ***** PfIAUMG JAYAr SEUNGOft. IB: 704M77/7S/79 FAX: 704*007 THEt MA ***** MAd^YSIA Ikuchino i
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      Page 39 Advertisements Column 2
      241 39 SOUTHERN AFRICA SERVICE (FOiIST rtooocn SlIVXI) FROM U K CONTINENT MIDDLE EAST TO FAR EAST MRECT MQMTHLY SAIUNQ; EUtOftSHVtg ffig/>ot visa n n n an m o HI in mi lit MUVIM M/ 01 11/ll 15/11 17/11 CMEMY FIOWU VIM M/ 12 «S/*1 IS/1117/0111/11 14/01 SI/91 HKSUNVI/H 25/01 27/01 10/01
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      Page 39 Advertisements Column 3
      261 39 91 TELOK BLANGAH ROAD M 242 CITIPORT CENTRE. STORE MM TEL *****11 (6 llnw) FAX: *****05 TIX- RS ***** CR NO. **********0W rasa m En etd Ksnumw RABUN IAM WZM MOM WNWPttfTW** MANAMA 4M6 ZVI2M aMM MUNTOK UMNU SIM ZVI2M IVWM POHTMNM NMUNM 41M WW 2W2M FN —MMNHf. MUN mum
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      Page 39 Advertisements Column 4
      67 39 If Astro Shipping Pte Ltd WEEKLY CONSOLIDATION SERVICE pHANCHA^^2 VI 2,29 L <iftiohn futfctr rftsfjnfftfffff in Qiino vis MNffcoif TEL 220-6045 (10 LINES) FAX: 325-4080 1 stfjj/ SPEEPAUNES m Tele-Games Crack Safe Test your skill against our 'Super Safe' Computer. Break the 4-digit Code within 10 tries. Or else, you'll
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      Page 40 Advertisements Column 1
      82 40 1. MV. BROTHER STAR' VOY 40 ARRD 14TH DECEMBER 1995 1 M.V. TWINKLE ACE' VOY 82 ARRD 15TH DECEMBER 1995 3. M.V. 'LUCKY EMBLEM' VOY 1 ARRD 17TH DECEMBER 1995 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on
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