The Business Times, 31 October 1996

Microfilm: NL20728
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 85c SINGAPORE Internet- http://www.asial.com.sg/biztimes THURSDAY, OCTOBER 31,1996
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  • Article
    MARKET SUMMARY
    45 1 Own *tUB (+22.04) mm wr-mj U«ILG6( +10.24) M STOMP U 9M3L87 (+9.10) D 502w +10 99) gunamoine STOOIMABXETOnMCai pww x J BIKCBBP .U*H -«ll NWW —-IW47 IT*t 11* *tt» TftfflB Wl tOUt SBX&GOW 7S7* CUAdRNAB WLN 4H AUST ALLOW) __t*7 v*7 tpaEDT Cta*
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  • Article
    FINANCE
    43 1 muB BW i».i ..I. MM !L- iff—15 YENlit- ll» UK Ml 8J97 Ml HI tilt tM BAHT (W IW WIAKM IM tMt TAIPEI— J.» ftTDHSY— 1#-7» wen u» ODOL MJft ztmar u» nwKiFimr" in UMBON 17S WWOL- 8* *jto«np*(tSfc«taL^nnl (Source: NatWest Bank)
    43 words
  • Article, Illustration
    Lock icon Proton, chairman snatch UK's Lotus for £51m
    627 1  -  Malaysians fight off rival bid from Daewoo of South Korea By Ven Sreenivasan [SINGAPORE] Malaysian carmaker Proton and its controlling shareholder, Yahaya Ahmad, have bought an 80 per cent stake in British sportscar maker Lotus for £51 million (SIII6 million), it was announced
    FILE PHOTO  -  627 words
  • Article
    Taipei ban on overseas investments hits Asean
    506 1  -  Curbs are on state companies but private firms are likely to toe the line From, Bruce Cheesman in Taipei MAJOR Taiwanese companies have either put their overseas investment plans on hold or axed them altogether following the government's recent moratorium on new investments
    506 words
  • Article, Illustration
    Lock icon Sterling surges, stocks slide as UK hikes rates
    532 1  -  Whether rise signals turning point in rate cycle is uncertain From, Neil Behrmann in London STERLING surged and shares tumbled on the London stock market yesterday following a quarter-point hike in the country's bank rate to 6 per cent. While a rate
    Source: Bloomberg; ALLAN  -  532 words
  • Article
    Lock icon Dow up 13 points at 1pm EDT
    82 1 AFP [NEW YORK] Share prices continued to rise on Wall Street early yesterday after the release of new economic figures showing no sign of the economy overheating. The Dow was up 13.79 points at 6.020.81 at lpm EDT. On the bond market, the
    AFP  -  82 words
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      110 1 B H TIM mpatokm A preview of high-end bikes that will share the limelight with ibur-wheeled machines at the Singapore Motor Shnv PKN MOW,r|W 5* If. Not Utafcto excite. Share price already down sharply from year's ♦Whg%it»fcsm««nrim VluGmXm, pg 18. Service y sector liwreMlngty crowded. ♦POO to tern Into* far
      110 words
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      32 1 Proton takes a major step forward, Pg 7 Hyundai Electronics can be found in tne equipment that measures the way storms travel Helping us make the weather lust that little more predictable.
      32 words
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      5 1 US growth slows, Pg 10
      5 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon NTUC targets 300,000 members by 2000
      298 2 The Straits Times THE National Trades Union Congress has set itself a membership target 0f300,000 by the year 2000. Membership has already hit 250,000 three months ahead of target, NTUC secre-tary-general Lim Boon Heng said yesterday. "At the rate we are going, I am
      The Straits Times  -  298 words
    • Article
      Over 200 delegates meet on international business law
      204 2 A CONFERENCE on international business law kicked off yesterday with delegates from more than 15 countries sharing their views and experience. More than 200 people are attending the Eighth Singapore Conference on International Business Law. The three-day event, organised by the law
      204 words
    • Article
      HDB shop rent hike to be spread over three years
      518 2  -  The move, part of adjustment to market rates, will cost HDB $284 m in lost income By Michelle Low THE government will extend rental concessions to 5,500 Housing Development Board shop tenants and 6,200 HDB industrial tenants, whose capped rentals
      518 words
    • Article, Illustration
      Lock icon Lower wholesale prices in Sep
      374 2  -  EYE ON THE ECONOMY Prices By* Teh Hooi Ling WHOLESALE prices continued to slip last month, according to latest figures from the Department of Statistics. The Manufactured Products Price Index for September was 79.7, down from 80.5 a year ago. Compared with the revised index
      Source: Dept of Statistics; ALLAN  -  374 words
    • Article
      ST Energy inks 2.2b yuan Sichuan power deal
      429 2  -  Power project will be Sichuan's biggest approved under the ninth five-year plan By Lu Ning ST ENERGY, the power investment vehicle of the Singapore Technologies group, made its debut in China's power sector yesterday when it signed a joint venture contract here
      429 words
    • Article
      Spending on property ads down
      402 4  -  3% slide in first nine months follows five years of doable-digit growth By Ang Wan May FDR the first time since 1990, spending on property advertisements has fallen. From double-digit growths in the past five years, property advertising plunged to a negative 3 per cent
      402 words
    • Article, Illustration
      Lock icon Drive-in shopping fuels sales
      617 4  -  Petrol kiosks are turning into one-stop convenience stores By, Audrey Tan NO LONGER just a simple ki-osk-and-pump affair, petrol stations now compete to offer the widest range of goods and services. Fancy Swensen's ice-cream, Delifrance pastries and a block-buster movie? They may only be as far
      FILE PHOTO  -  617 words
    • Article
      Lock icon S'pore, Australia inextricably linked, says Jayakumar
      362 4 The Straits Times [CANBERRA] The destinies of Singapore and Australia "are inextricably linked". Minister for Foreign Affairs S Jayakumar said yesterday. "There is an obvious synergy that can be established between Australia, which is rich in natural and human resources, and Singapore, which is
      The Straits Times  -  362 words
    • NEWS Roundup
      • Article
        Electricity rates up from tomorrow
        94 4 FROM tomorrow, electricity tariffs will be increased by 0.75 cent per kilowatt-hour. Singapore Power said in a statement that this is because of higher fuel oil prices. The tariff for general users will rise to 14.97 cents per kilowatt-hour from 14.22 cents, an increase of
        94 words
      • Article
        COE tender opens tomorrow
        97 4 THE next monthly tender for vehicle entitlements will open from 9 am tomorrow and close at 4 pm on Nov 7. The total quota available for this tender will be 3,426. Under the non-transferable categories, the quota for Category l cars is 249; Category 2 (1,116);
        97 words
      • Article
        Productivity award winners named
        67 4 TWO teams and nine individuals were named winners in this year's National Productivity Awards. Of the teams, one is a group of eight in an electronics firm, Murata Electronics Singapore, while the other consists of four employees in Citibank. They will be presented with the awards
        67 words
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      389 2 Arthur Andersen Business Consulting Cost Management 1 Seminar '96 Thi level of business' performance now required to compete globally and to meet the demands from increasingly sophisticated customers may be unprecedented in history. At World class levels of change is constant. Improvement is required just to stay even. Most management
      389 words
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      7 2 IStagaporo Business Giving you the winning edge
      7 words
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      194 2 B I m^W PRES^^^^RY Location Land: Off the Junction of the North-South a Go Freehold, land area approx. 61,000 ft 2 with Highway and Pasir Gudang IAHMI i// conversion to INDUSTRIAL USE. Highway. aem Vyi! -Off the Junction of Tebrau Design: Highway and Jalan Tampoi. off ice area approx. 17,000
      194 words
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      183 3 B LANC PAIN Since 1735 there has never been a quartz Blancpain watch. And there never will be. No one has ever seen a In 1735, Jehan-Jacques quartz Blancpain. No one Blancpain established what ever will. Nor will there ever has today become the oldest be an ordinary, run-of-the- watch
      183 words
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      848 4 W THE YASUDA TRUST AND BANKING CO., LTD 4 (Incorporated In Japan with Limited Liability) Non-Consolidated Balance Sheets Non-Consolidated Statements of Operations March 31,19% and 1995 Years ended March 31,1996 and 1995 Millions ot yen Millions oi yen 19% 1995 19* 1995 ASsn& INCOME: Cash and cash equivalents 38,853 V
      848 words
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      4 4 THE Finest Scotch Whisky
      4 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Service apartments go all out to woo guests
      752 5  -  With unit numbers set to double, operators are dishing out Ihe luxury extras to beat the opposition By* Agnes Wee [SINGAPORE] FROM limousine transfer services and playrooms to video-on-de-mand and underwater music in the swimming pool these are just a few of
      752 words
    • Article
      Real estate industry profits hit record in 1994
      400 5  -  Figire is more than twice the operating surplus of previous cennsdooeinl9o4 By- Abdul Hadhi [SINGAPORE] Profits generated by the real estate industry reached a peak of $5.45 billion in the boom year of 1994, according to the just-released Census of Real Estate
      400 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      54 5 Terrace/semi-D factories of 10,000 sq ft onwards Available in Eunos and Tuas Efficient and functional design with quality finishes Own corporate identity No land rent payable No restriction on resale and subletting Limited units, very attractive prices For further enquiries, kindly contact Joint-Sole Marketing Agent: TEL: 222 1333/ TEL:223 2323/
      54 words
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      Page 5 Advertisements Column 2
      103 5 FOR SALE BY TENDER Freehold Enbloc Residential Development Site Location Martia Road, off East I L Coast Road EAST COAST ROAD Land Area 5,136.4 sqm 9 (Approx. > 55,288 sq. ft.) co g 2 Legal Description Lot 441-9 Mukim 26 33 m Tenure Freehold r j> Plot Ratio Uptol.4 g
      103 words
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      Page 5 Advertisements Column 3
      323 5 For Sale Bintan Resort Hotel HHHHMH aFspflMßs^^l 553,500j00.00 Freehold: 1.7 hectares Built-up 16j***** sq. m. Building completed but unfurnished. Facilities: 130 rooms, 25 ift. pool,*' coffee house, restaurant, disco lounge, shops, etc. Contact: Lawyer Helene Kilapong or Tuti (Batam) Tel: 011-778-*****0/ Fax: 011-778-*****6 or Singapore *****154 FOr another one like
      323 words
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  • FOCUS
    • Article, Illustration
      Lock icon Going beyond the Uruguay Round
      1771 6  -  A question and answer guide to the evolution of the WTO Ministerial Conference in Singapore By Vikram Khanna [SINGAPORE] WHAT la the significance of the WTO meeting that will be held in Singapore in Deoember? The Singapore meeting will be the first WTO Ministerial Conference,
      Source: WTO  -  1,771 words
    • Article
      Controversial issues may surface in S'pore
      941 6 What are the main "new issues" that might be up for discussion In Binge pore? There are several issues that some countries or groups of countries are trying to push onto the agenda of the WTO. One of the most controversial of these is
      941 words
  • Page 6 Advertisements
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      59 6 cA^eQvove E RV 1 C E Di/APARTMENTS SERVICED APARTMENTS THAT SPELL PARADISE 1 to 3 bedroom apartments available Fully furnished with split unit r TVs VCR Developer: gym facilities i CITY DEVELOPMENTS LIMITED (juDn\ 36 Robinson Road #20-01 J Jut) City Home Singapore *****7 S> Minimum 1-month lease ~j£y Tel:
      59 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Entertainment complex on ex-US base
        71 7 AFP [MANILA] US-based Harrah's Asia Development Co and Golden Fortune Ltd of the Virgin Islands are to Invest US$l.5 billion (Ss2.l billion) to build an entertainment complex on a former US air base in the Philippines, a government statement said yesterday. The proposed entertainment centre
        AFP  -  71 words
      • Article
        Lock icon 36% of new Indon graduates have jobs
        61 7 AFP [JAKARTA] Most of Indonesia's 1996 university graduates have foiled to find a Job, Manpower Minister Abdul Latief said yeeterday. Only 36 per cent of the 218,473 new graduates in 1996 have found employment. In 1964, there were 217,180 fresh university graduates but
        AFP  -  61 words
      • Article
        Lock icon Asean finance ministers'meet postponed
        29 7 Reuter [BANGKOK] Thailand has postponed an Asean finance ministers' meeting scheduled for Nov 21*23 until early next year because of its Nov 17 election. —Rtuter
        Reuter  -  29 words
      • Article
        Lock icon 40 killed in govt attack on guerilla camp
        51 7 AFP [ZAMBOANGA, Philippines] Government troops have overrun three Muslim guerilla campe after three days of fighting In the southern island of Basilan, leaving at least 45 people dead, the military said yesterday. The dead included 40 rebels. —AFP t :\S v x
        AFP  -  51 words
      • Article
        Lock icon Indon inflation up 0.4% in Oct
        68 7 AFP [JAKARTA] Indonesia's consumer prices rose 0.4 per cent month-on-month in October and 6.5 per cent year-on-year, an official source said yesterday. The inflation was mostly sparked by a one per cent rise in the prices of various goods and services, a 0.5 per
        AFP  -  68 words
    • Article
      Lock icon PAL staff stage walkout over pay
      153 7 MANILA Reuter SCORES of employees of Philippine Airlines (PAL) walked off their jobs at the Manila international airport yesterday evening in what their leaders said was the beginning of a strike. The estimated ISO workers, comprising the airline's rank and file, staged the walkout
      Reuter  -  153 words
    • Article, Illustration
      Lock icon Riding into the future
      36 7 [HANOI] A cyclist yesterday passing a newly constructed building which is ready for lease in the capital Foreign investment has led to the building of several big hotels and office complexes. AFP
      AFP  -  36 words
    • Article
      Lock icon Proton takes a big step to expansion
      439 7 KUALA LUMPUR Lotus acquisition gfm it ready access to BAD capability Bloomberg Business News, Bernama TAKING a stake in Lotus would be a major step in Proton's efforts to expand outside of Malaysia's protected car markets before the government opens the industry to
      Bloomberg Business News,; Bernama  -  439 words
    • Article
      Cargo flights to Batam part of plan to challenge Changi
      464 7  -  JAKARTA Denying direct access to other airports also protects local carriers By i S N Vasuki THE Indonesian government's move to direct foreign cargo planes to fly into Batam Island's Hang Nadim Airport, is the latest in a series of
      464 words
    • Article
      IFC in US$15m kickstart for Indochina projects
      343 7  -  SINGAPORE World Bank affiliate launches SHE facility, Viet leasing company By: Harish Mehta THE International Finance Corporation (IFC) yesterday announced major financial initiatives totalling $14.75 million to develop Indochina's corporate and financial leasing sectors. One involves the launch of the Mekong Project Development
      343 words
    • Article
      Lock icon Region's economic slowdown beneficial: Crosby
      343 7 SINGAPORE Easing is good grant resource constraints, especially in labour AFP SOUTH-EAST Asian countries, together with China and Hongkong, are undergoing a "beneficial" economic slowdown largely due to policies against overheating, Crosby Securities said in a report received here yesterday. "Overall, we feel that lower
      AFP  -  343 words
    • Article
      Lock icon Megawati's latest lawsuit adjourned without a hearing
      306 7 JAKARTA Reuter LEGAL challenges by Indonesia's Megawati Sukarnoputri against her removal as head of the Indonesian Democratic Party (PDI) were mired again yesterday as her latest lawsuit was adjourned without a hearing. Judge Soehardjo adjourned a case filed by Ms Megawati against the
      Reuter  -  306 words
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      221 7 San Miguel JV to get USsl4.sm IFC loan, Pg 19 GRAN BUSINESS PACKAGE *US$ 155 (US$ 15++ Supplement for Double Occupancy) Profit from Gran Mefc) Jakarta's new business package and enjoy a portfolio of benefits thot puts the pleasure bad into business: P me C(rt on n exc us ve
      221 words
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      Page 7 Advertisements Column 2
      155 7 (&> j Christofle Paris Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Eapace Christofle: libiiwi 176 Orchard Road, Level 1 Centrepoint, Singapore *****3. laetaa Scan* Level 4,350 Orchard Road, Shaw Hook, Singapore *****8 Taap Baienent, 310 k 320 Orchafd Road, Singapore
      155 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lock icon Tiananmen protest leader gets 11 years
      195 8 AFP [BEIJING] Chinese dissident Wang Dan, a leader of the Tiananmen Square democracy movement, was jailed for 11 years by a Beijing court yesterday for plotting to overthrow the government, the official Xinhua news agency reported. Wang, 27, was also deprived of political rights
      AFP; REUTER  -  195 words
    • Article, Illustration
      Lock icon A sense of securitybut at a high cost
      740 8  -  OBDVAWATGH Does Carina really need to maintain such a high level of foreign exchange reserves? By Lu Ning CHINA'S central bank governor, Dai Xianglong, was misquoted by a Chinese newspaper over his gross domestic product projection, apparently because of his thick southern
      ALLAN  -  740 words
    • Article
      Lock icon China firms forced into mergers and acquisitions
      464 8 SHANGHAI Trend sparked off by competition, Shrinking financial support for state firms, say analysts Reuter INTENSIFYING market competition and shrinking financial support for state firms is forcing both listed and unlisted Chinese companies into mergers and acquisitions to survive, analysts said yesterday. They
      Reuter  -  464 words
    • Article
      Lock icon Deng's health getting worse, says HK paper
      215 8 HONGKONG Media told to make preparations for his eventual death AFP THE health of China's elderly patriarch Deng Xiaoping is deteriorating and the official Chinese media has been making preparations for any eventuality, a Hongkong daily reported yesterday. Citing a source, the Chi-nese-language
      AFP  -  215 words
    • Article
      Lock icon Candidate for HK's top post under fire
      193 8 HONGKONG Reuter A CANDIDATE in the race to lead Hongkong after Britain's withdrawal next year came under attack yesterday after revealing future budget data. Candidate Simon Li stirred up the controversy when he told reporters on Monday that China and Britain had agreed
      Reuter  -  193 words
    • Article
      Lock icon China arms factories told to reform
      270 8 BEIJING They should cast off central planning and adopt business strategies: paper Reuter CHINA yesterday urged its military factories to cast off outdated ideas of communist central planning and embrace market reforms to stay afloat in an increasingly competitive business environment. "Frontier military factories
      Reuter  -  270 words
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      232 8 ONo fuel injection. No computers. No airbags. I .The only thing a driver I could rely on 4 J was his TAG Heuer. CO These were the days when men weren't Nuvolari. Alberto Ascari. Juan ManueTPa«Qio. men. They were madmen. With minds as Sterling Moss. Felice 'II Pirata' Bonetto. stubborn
      232 words
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  • ASIA
    • Article
      Lock icon Poor infrastructure curbs India's growth, says minister
      392 9 NEW DELHI Huge private investments needed in the sector AFP INDIA'S poor infrastructure costs* the country's economy two percentage points in potential growth each year, Finance Minister Palaniappan Chidambaram said yesterday. Mr Chidambaram, addressing delegates at the World Infrastructure Forum Asia 1996, said
      AFP  -  392 words
    • Article
      Lock icon Export fall pushes up Aussie deficit by 15%
      291 9 ■SYDNEY AFP A SURPRISE fall in exports caused Australia's current account deficit to rise 15 per cent in September, but economists said the data would not jeopardise chances of an interest rate cut. Treasurer Peter Costello warned that the increase showed there
      AFP  -  291 words
    • Article, Illustration
      NZ financial markets shrug off political vacuum
      553 9  -  AUCKLAND Winston Peters holds the balance of power and talks may drag oo for over a month By] David McLoughlin LIFE in New Zealand is carrying on as normal despite an unprecedented political stalemate that has left the country without a new government
      553 words
    • Article, Illustration
      Lock icon Rao charged with bribery
      127 9 [NEW DELHI] Former Indian prime minister P VNarasimha Rao arriving at a heavily guarded international conference centre where a special courtroom has been set up to handle two trials involving Mr Rao. He was charged yesterday with bribing four Members of Parliament during a 1993 confidence
      REUTER  -  127 words
    • Article
      Australian MPs condemn racial intolerance
      468 9  -  ■SYDNEY Police probe attacks on SAF members taking part in By\ Peter Lynch AUSTRALIAN MPs yesterday unanimously supported a motion condemning racial intolerance as police confirmed they were investigating two attacks on members of the Singapore Armed Forces (SAF) taking part in an exercise in
      468 words
    • Article
      Lock icon Week-long Indian post and telecom strike ends
      241 9 NEW DELHI Government agrees to lift ceiling on bonus payments Reuter INDIAN postal and telephone workers called off a week-long strike on Tuesday after the government caved in and agreed to lift a ceiling on bonus payments, the Press Trust of India (PTI)
      Reuter  -  241 words
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      236 9 Z it y^L When a TAG Heuer watch sat on the view on drivers. He said, "They aren't courting dashboard in front of every driving legend jynb death. They're celebrating life'. As early as 1911. Heuer had developed A spirit all of the drivers at Scuderia S^£|^H^flHEJ^B« a special clock
      236 words
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  • THE WORLD
    • Article
      Lock icon US 3rd-quarter growth slows to 2.2%
      414 10 ■-WASHINGTON Data suggests Fed vtill hold interest Hates steady at Nov meeting analysts Bloomberg Business News T]HE US economy slowed during the third quarter as consumer spending posted the smallest gain in five years, Commerce Department figures showed yesterday. The gross domestic product the
      Bloomberg Business News  -  414 words
    • Article
      Lock icon Inflation restraints may not last: Fed official
      324 10 RICHMOND, Virginia AFP THE PRESIDENT of the Federal Reserve Bank's Richmond branch warned on Tuesday that special factors now holding down inflation could disappear in the face of increased demand for US goods. "I think there are some fairly special factors that have
      AFP  -  324 words
    • Article
      Lock icon Democrats release data on contributions
      336 10 WASHINGTON Move comes as Republicans prepare to file lawsuit Bloomberg Business News THE Democratic National Committee on Tuesday released 200 pages of data on its contributions, donors and expenditures, and promised to Hie the information with the Federal Election Commission "as soon as possible". Release
      Bloomberg Business News  -  336 words
    • Article, Illustration
      Clinton set to win Midwest – thanks to Republicans
      370 10  - Clinton set to win Midwest thanks to Republicans CHICAGO By] Leon Hadar IT WAS only a few months ago that the conservative and industrial midwest region of the United States was considered a "must wip" for Republican candidate' Bob bole After'dHFfhe former longtime senator of Kansas is a son of
      370 words
    • WORLD Watch
      • Article
        Lock icon Kohl's party in single-currency campaign
        73 10 Reuter [BONN] Germany's ruling Christian Democrats (CDU) launched a campaign for Europe's single currency yesterday, a day after economic institutes said Bonn would not meet the Maastricht treaty's 1809 deadline. Chancellor Helmut Kohl's staunchly pro-European party will hold rallies across Germany where politicians and bankers
        Reuter  -  73 words
      • Article
        Lock icon Court probing US$1.6b aircraft deal
        94 10 AFP [WASHINGTON] A federal grand jury is investigating a US$l.6 billion (552.2 billion) deal struck nearly twoyears ago between McDonnell Douglas Corp and ChinapAuild 40 airplanes that may have violated US export-control laws. The New York Times said yesterday. The probe is focusing on a
        AFP  -  94 words
      • Article
        Lock icon Works stolen by Nazis fetch large sum
        62 10 AFP [VIENNA] An auction here of some B,ooovaluable works of art stolen from Austrian Jews by the Nazis between 1988 and 1945 raised the unexpectedly large sum of 140 million schillings (5518.6 million) in its first day, Christie's said yesterday. The Tuesday figure
        AFP  -  62 words
    • Article
      Lock icon Net usage may jam US phone lines
      414 11 NEW YORK With Net use rising at 42% a year, phone system is on the verge of a gridlock Reuter SOARING Internet usage is bringing the United States phone system perilously close to gridlock by tying up millions of local phone lines every
      Reuter  -  414 words
    • Article
      Lock icon Juppe promises debate on Thomson sale
      221 11 PARIS FT THE French government on Tuesday tried to defuse mounting controversy over its handling of the sale of the Thomson electronics group, promising a full parliamentary debate before a definitive decision is taken. Prime Minister Alain Juppe said he would ask for a
      FT  -  221 words
    • Article
      Lock icon Swiss pledge answer on Holocaust funds
      204 11 ZURICH Reuter, Bloomberg Business News SWITZERLAND, pressed by foreign critics, has pledged to answer by Dec 4 accusations that it used the wealth of Holocaust victims to compensate Swiss citizens for property seized in eastern Europe. The Foreign Ministry on Tuesday named two Swiss
      Reuter,; Bloomberg Business News  -  204 words
    • Article, Illustration
      Economist sees pitfalls in EMU
      397 11  -  SINGAPORE By\ Larry Wee KEY arguments against economic and monetary union (EMU) are being trampled underfoot and vital questions unanswered by politicians in Germany and France as they force the pace for EMU and a common currency (the Euro) in Europe by 1999. What appears
      397 words
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      Page 10 Advertisements Column 1
      42 10 NEW LU: :URY APARTM] iNTS. One, two and three bedroc m apartments and penthouses at two Central locations. THE EXHIBITION Your opportunity to view these [Ban BBBBMBBBBBIMI exclusive apartments at The Oriental Hotel Rs3So|HH|^| PRE FUNCTION ROOM II Ground Floor Time: 10am-Bpm
      42 words
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      86 11 PERKS. THE NO-COMPROMISE PAYROLL SOFTWARE Designed for Windows 95 as certified by Microsoft. PERKS is a full featured Windows 95 exploitative package. So much so, that it has earned the f right to wear the designed for A Windows 95 badge. And PERKS PERKS I comes to you from the
      86 words
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      Page 11 Advertisements Column 2
      296 11 Nortk Asia's Dynamic Economies In One Pond. v Tke Sckroder Nortk Asia Fund. Tke Sckroder Nortk a' A«ian markets. In To find out more akout tke Sckroder Nortk A*i* A»ia Fund aeeka to achieve 4 to Sckroder«' experience in Fund and oktain a copy of tke prospectus, simply ring long
      296 words
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  • Page 12 Advertisements
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      281 12 AN INVESTMENT SO SOUND, YOU'LL REAP THE REWARDS EVEN REFORE YOU OWN IT. THE BMW 730iA WITH OVER-TRADE PRIVILEGE AND 5-YEAR PERFORMANCE PROTECTION PLAN. The BMW 730iA is one investment that pays off Not only do we cover the costs of all scheduled the moment you see it. servicing, we'll
      281 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Silver lining in outlook for forex dealers
      710 13  -  THE BOTTOMUME OPINION By Larry Wee The writer is a BT senior correspondent SOME in the foreign exchange business speak about how tough markets have been this year. Last week, a bank shut down its Singapore trading operation and the market is now
      710 words
    • Article
      IN OTHER WORDS
      139 13 'France is in the situation of a family that earns 8,000 francs (552,208) a month, spends 10,000 francs and has 300,000 francs in debt' European Union Finance Commissioner, as he tries to make the French grasp why their government is so strapped for cash. 'People are feeling
      139 words
    • Article
      Some yen weakness will aid Japan
      661 13 EDITORIAL THERE are some in the US Administration and elsewhere who fear that the current bout of yen weakness —and that is what it is, rather than a general strengthening of the dollar —will take the pressure off Japan to deregulate its economy. They
      661 words
    • Article, Illustration
      Japan's troubled soul
      1043 13  -  The nation feels that it's falling far short of what it thinks it should be By Vikram Khanna The writer, BT's regional economics editor, is in Tokyo JAPAN is in an intensely introspective mood just now. It seems that five years on from the bursting of the
      1,043 words
    • Article
      WHAT THE OTHERS SAY
      783 13 Voting In TO election THE larger problem in the United States is that foreign policy as a whole has played no significant role in this presidential campaign. In the second Clinton-Dole debate, billed as a foreign policy debate, the hapless moderator had great difficulty eliciting even
      783 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      31 13 DOOWESBPRY By Garry Trudeau 57 KNOUJ HE HAS A A 1 LET ME COULPVOU. RESPECTABLE GHJAKJtKS- UN- tVEKNOU/N HEART UKE A OH, DEAR, < TALK PEAR* TAI WKumtEV/.tPzOPPOSE?&/ wanr'HE PeAR J ntus
      31 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      346 14 H JIl) j&zJ .Jrar There's a room with a view a room to play A ROOM AT THE TOP/ A ROOM AT THE BOTTOM/ A ROOM TO CALL fOUR OWN AND OP COURSE/ ROOM TO BREATHE. And those are just the bedrooms we're talking about. mmwam ;iaHft Where The Good
      346 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
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      655 words
    • Advertisement
      Page 15 Advertisements Column 2
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      99 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      754 15 TV&KADIO —t-— |2 Leaders. LOO AM Close. LOO PM The Winners. IOJO News 5 Tonight. 9HHHHHHHNMHHHHI L3O Money. Money, Money. 1140 Bay watch Nights The IXOO NN News. 2.00 Asian Property Report Night. »-M PM Warna Warni Mu--1145 Silk Stalking Partners zik/Dokumentari. 130 TV Innovations. (Pt2). 12.45 Bisness Hari 340
      754 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      233 15 CRYPTIC CROSSWORD 1 Conflict not over in town (10) 13 In no uncertainty over weight! 15 A plant in the main (7) MM M |H| H~ 17 Save from taking dope JML-JHL— 19 Falling back, military men dis- ■■■■■b I■■■" cuss terms (7) 21 Smoking increasing again? (7) 27 This
      233 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Two-wheel stars
      536 16  -  Christopher tan highlights some superbikes at the motor show CHRISTOPHER TAN THIS week, we preview some of the high-end motorcycles that will share the limelight with their four-wheeled brethren at the Singapore Motor Show from Nov 10 to 17 at the World Trade Centre. Harley-Davidson, the original Easy
      ARTHUR LEE  -  536 words
    • BUMPER to BUMPER
      • Article
        3 high-end BMW models available soon
        99 16 THRE&new high-end BMW models will be available soon. Theyare the 728,735 and 740. The first—a six-cylinder— replaces the current 730, and will debut as the official carriage of the World Trade Organisation meeting in December. The non-WTO 728 models are going for $*****0 without
        99 words
      • Article
        Century Orchestra for Toyota Classics
        95 16 FOR this year's Toyota Classics, the Century Orchestra Osaka will be playing at a charity concert in aid of the Singapore Children's Society. The debut performance will take place at the Victoria Concert Hall on Nov 13,8pm. Tickets at $100, $70, $50. $40 and $20
        95 words
      • Article
        Cinderella for unveiling of Lexus ES300
        48 16 TOYOTA distributor Borneo Motors is unveiling the new Lexus ES3OO with a gala preview of CtndertUa by the Singapore Dance Theatre on Nov 6 at the Victoria Theatre. Deputy Prime Minister Tony Tan and Mrs Tan will be the gilests of honour.
        48 words
      • Article, Illustration
        Volvo's Q3 operating profit dives
        142 16 VOLVO AB, the Swedish luxury carmaker, said third-quarter operating profit fell to 43 million kronor (559.2 million) from 2.52 billion kronor as the company's truck division posted a loss in the period ended Sep 30. Third-quarter sales fell to 35.581 billion kronor from 43.99 billion.
        142 words
      • Article
        Oriental Holdings'interim profit doubles
        115 16  -  Compiled by Christopher Tan MALAYSIAN-LISTED and Clob-traded Oriental Holdings, a major car and motorcycle distributor and assembler as well as hotelier, posted earnings of M$l6S million for the half-year ended June 30. The figure was more than 100 per cent up on what the group achieved
        115 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      37 16 Your company just assigned you all of Eastern Europe. You have no contacts, no one to show you the ropes.JVbu're completely on your own. Except for us. sii& VV""e c: e r v*e s: e• > 5 Lufthansa
      37 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      MCL to pay $128.89m for Robertson Quay site
      378 17  -  Malayan Credit bids $***** psf for 09,700 sq ft freehold site along Singapore River By Abdul Hadhi [SINGAPORE] Malayan Credit Ltd (MCL) has clinched one of the last remaining freehold sites along the up and coming Singapore River redevelopment area with a
      378 words
    • Article
      Yusuf admits to further stock pledges
      586 17  -  THE JUMABHOY FAMILY FEUD Unprofitable unit led to argent need for pledges, he says By Catherine Ong [SINGAPORE] Yusuf Jumabhoy admitted yesterday that he recently approved further pledges and sales of listed Scotts Holdings Ltd (SHL) shares despite claiming the actions would be a
      586 words
    • Article
      After false starts, Prisma's Viet plans look set to take off
      673 17  -  HOCK LOCK SIEW Harish Mehta OBODY can accuse Singa-pore-listed companies of lacking a spirit of adventure. If anything, they have been aggressive in developing an external wing for the local economy. To their credit, many of them entered Vietnam
      673 words
    • Article
      Bre-X shares soar after Indon deal
      492 17  -  Bot analysts say the deal with Suharto's son might attract local criticism From\ S N Vasuki in Jakarta CANADIAN gold mining company Bre-X Minerals' stunning deal with President Suharto's eldest son Sigit Harjojudanto attracted sharply different reactions yesterday in the stockmarket and elsewhere. While
      492 words
    • Article
      Deutsche Telekom may list its shares in Singapore
      324 17  -  By* Genevieve Cua [SINGAPORE] Deutsche Telekom will list its shares on the Singapore bourse if demand proves strong in Asia for its shares, said Joachim Kroske, a member of the group's board of management with responsibility for finance and accounting. Officials of
      324 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Khazanah under fire over YTL bid
        392 18 HE uncertainty calls for caation by govt investment arm, says backbencher AFP. Bernama [KUALA LUMPUR] The investment arm of the Malaysian government has come under fire for wanting to help finance YTL Corp Bhd's now aborted bid for control of Hongkong's Consolidated Electric Power
        AFP.; Bernama  -  392 words
      • Article
        Lock icon KL may impose levies on IPPs
        291 18 AFP [KUALA LUMPUR] The Malaysian government said yesterday it is considering imposing levies on the country's five independent power producers (IPPs) to help pay for the cost of providing electricity to rural areas. The levies would go into a fund to help ease the
        AFP  -  291 words
      • Article
        IGB seeks to retain control of Ipoh Ltd
        500 18  -  By] Russell Baker in Sydney SHAREHOLDERS in Austra-lian-listed property developer Ipoh Ltd are being asked today to approve a resolution which will allow Malaysia's IGB Corp Bhd to maintain its controlling stake in the company. IGB's shareholding in Ipoh was recently diluted
        500 words
      • Article
        Lock icon SilkAir could break even this year: SIA
        194 18 Reuter [SINGAPORE] Regional airline Silk Air, a Singapore Airlines (SIA) subsidiary, could break even in the current financial year, SIA deputy chairman and chief executive officer Cheong Choong Kong said yesterday. Dr Cheong told Reuters in an interview that Silk Air had trimmed
        Reuter  -  194 words
      • Article, Illustration
        Lock icon Wing Tai plans chain of service apartments
        593 18 AFX-Asia [SINGAPORE] Wing Tai Holdings Ltd said it plans to more than double the number of its service apartments over the next five years as the group expands its new hospitality business in the region. In an interview with AFXAsia, deputy chairman Edmund
        AFX-Asia  -  593 words
      • Article
        FCC to be on lookout for property opportunities
        355 18  -  By] Michelle Low [SINGAPORE] First Capital Corp will keep looking for opportunities in the property market but it is "not prepared to always take a bullish outlook in a market that would appear to be softening", said chairman Sat Pal Khattar in
        355 words
      • Article
        Lock icon MRCB gets nod to work towards RHB stake
        144 18 Bernama [KUALA LUMPUR] Malaysian Resources Corporation Bhd (MRCB) has received Bank Negara approval to enter into negotiations for a stake in Rashid Hussain Bhd (RHB). More details on the proposed deal will be released in due course, it said in a statement
        Bernama  -  144 words
      • COMPANY Briefs
        • Article
          ST Computer lets space to sister firm
          52 18 [SINGAPORE] ST Computer Systems and Services Ltd is leasing one-third of the net floor area in its Bedok South Road property to sister company ST Electronics Systems Assembly Pte Ltd. It will earn about $2.94 million from the lease, which is valid for
          52 words
        • Article
          Hap Seng Huat's profit up 28.6%
          58 18 [SINGAPORE] Hup Seng Huat Co posted a 28.6 per cent increase in net profit to $6.24 million for the year ended July 31 on the back of a 42 per cent jump in turnover to 166.4 million. It has proposed a final dividend of
          58 words
        • Article
          Inter-Roller shareholders approve boons
          32 18 [SINGAPORE] Inter-Roller Engineering shareholders yesterday approved a l-for-2 bonus issue and a l-for-2 rights issue. They also approved share options for executives and executive director Lim Yong Wah.
          32 words
        • Article
          Thakral Corp lifts stake in China units
          70 18 [SINGAPORE] Thakral Corp has increased its controlling interest in two China subsidiaries, Shanghai Detian Electronics Trading and Shanghai New Concept Office Equipment Repairing Service, to 77.36 per cent from 71.2 per cent. The increase was due to an acquisition of an 11 per
          70 words
        • Article
          YHS gets Danone's distributorship
          66 18 [SINGAPORE] Yeo Hiap Seng has secured the exclusive' distributorship for Danone's range of non-dairy products. The contract is effective on Dec 1. The company said it would form a new food division, to be headed by Stephen Tan who comes from Danone Brands (Singapore), to market
          66 words
      • Article
        DBS Securities to beef up global presence: chairman
        390 19  -  New research unit in Taiwan also signals stronger regional focus Fromi Quak Hiang Whai in Hongkong DBS Securities is beefing up its global presence, Including the setting up of a research unit in Taiwan. Speaking at the DBS Securities investment seminar here
        390 words
      • Article
        Lock icon PLDT shares rally after 38% surge in earnings per share
        256 19 Higher revenue from new phone Hues, reduced payroll Bloomberg Business News [MANILA] Philippine Long Distance Telephone Co (PLDT) said its earnings per share, excluding one-time gains, rose a better-than-ex-pected 38-3 per cent in the first nine months of the year.
        Bloomberg; Business News  -  256 words
      • COMPANY Briefs
        • Article
          Lock icon London Sumatra Q3 profit up 28%
          54 19 Bloomberg Business News [LONDON] PT PP London Sumatra Indonesia said third-quarter profit rose 28 per cent as crude palm oil prices surged. The plantation operator's profit rose to 54.45 billion rupiah (5532.7 million). The company didn't provide sales, earnings per share, or other quarterly
          Bloomberg Business News  -  54 words
        • Article
          Lock icon Bombay bourse to trade in other cities
          61 19 AFP [BOMBAY] The Bombay Stock Exchange plans to set up broker trading terminals in other Indian cities by the end of this year, the Economic Times reported yesterday. India's capital markets regulator, the Securities and Exchange Board of India, decided oil Tuesday to
          AFP  -  61 words
        • Article
          Lock icon Bridgestone to boost Asia output
          73 19 AFP [TOKYO] Japan's Bridgestone Corp is to invest 26 billion yen (Ss32o million) to boost tyre production in Asia, building new plants in Indonesia and Thailand, theNikkan Kogyo Shimbun said. In Indonesia, it plans a new plant with the daily capacity to produce tyres with
          AFP  -  73 words
      • Article
        Lock icon 530m peso loss for GlobeTel
        84 19 Reuter [MANILA] Globe Telecom posted a net loss of 530 million pesos (5528.4 million) in the first nine months of the year, parent Ayala Corp said yesterday. "Globe recorded a ninemonth loss 0f530 million pesos although its financial condition remains strong as it gears up
        Reuter  -  84 words
      • Article, Illustration
        Lock icon Wuhan welcomes McDonald's
        64 19 [WUHAN] A sign reading "McDonald's of Wuhan Welcomes You "greeting commuters on Tuesday as they disembarked from the Yangtze River ferry crossing in Wuhan, capital ofcentral China's Hubei province. Wuhan is the country'sfifth largest city boasting a population of more than seven million. This inland industrial metropolis
        AFP  -  64 words
      • Article
        San Miguel venture to get US$14.5m loan from IFC
        254 19  -  Firm will build glass container plant in northern Vietnam By: Harish Mehta [SINGAPORE] The International Finance Corp (IFC) has signed an agreement to provide a US$l4.5 million (5520.5 million) loan to San Miguel Haiphong Glass Company (SMHG) to build a glass
        254 words
      • Article
        Lock icon Astra buyers to give details of Holdings this week: report
        369 19 Source says buyers include Nusamba, Dharmala and Salim Reuter, AFX-Asia [JAKARTA] New shareholders in Indonesia's largest vehicle manufacturer PT Astra International will give details of their holdings to the stock exchange supervisory agency Bapepam this week, Bisnis Indonesia said yesterday.
        Reuter,; AFX-Asia  -  369 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Lonrho chief sells his stake to mining giant for £257m
        409 20 Bock to step down as GEO and plans to head trading business after it is hived off Reuter, Bloomberg Business News [LONDON] German financier Dieter Bock, the man who deposed Tiny Rowland as head of the Lonrho group after a
        Reuter,; Bloomberg Business News  -  409 words
      • Article, Illustration
        Lock icon Microsoft gets technology chief for Internet thrust
        288 20 Bloomberg Business News [REDMOND, Washington] Microsoft Corp has restructured its management, appointing a chief technology officer to lead the company's charge into the Internet business. Microsoft also unveiled two new product groups and the resignation of Patty Stonesifer, senior vice-president of the interactive
        Bloomberg Business News; Source: Bloomberg  -  288 words
      • Article
        Lock icon France's LVMH to buy US duty-free chain DFS
        237 20 Bloomberg Business News [PARIS] France's LVMH Moet Hennessy Louis Vuitton SA agreed to pay 12.6 billion francs (553.5 billion) for a 58.75 per cent stake in DFS Group Ltd of the US, the world's biggest chain of duty-free stores. Under the terms
        Bloomberg Business News  -  237 words
      • Article
        Lock icon Two News Corp execs promoted to top positions
        225 20 Move underlines the growing importance of film, TV programming NYT [NEW YORK] In a move that underscores the growing importance of film and television programming at News Corp, the company on Tuesday promoted Peter Chernin, the chairman of the 20th Century Fox
        NYT  -  225 words
      • Article
        Lock icon Joint bid clears future for Swedish glassmaker
        167 20 Reuter [STOCKHOLM] Sweden's most famous glassmaker, Orrefers Kosta Boda, will stay under Swedish control after rival suitors buried the hatchet with a joint takeover bid on Tuesday. Swedish heckles were raised early this month when Danish luxury goods maker Royal Copenhagen appeared poised
        Reuter  -  167 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Lock icon Krung Thai Bank's Q3 profit up 13%
          76 21 Bloomberg Business News [BANGKOK] State-controlled Krung Thai Bank pic said third-quarter profit rose 19 per cent from the same period a year earlier to 2.88 billion baht (SI 159.5 million). Krung Thai, the country'B second-largest commercial bank, Is 60 percent owned by the
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Citibank appoints private banking head
          56 21 Reuter (HONGKONG) Citibank Ltd said onTuesday it had appointed Deepak Sharma as head of private banking for the Asia-Pacific region, overseeing the bank's private banking business for the whole region. Mr Sharma, 42. was the head of Citibank private banking for Middle East and North
          Reuter  -  56 words
        • Article
          Lock icon First Virginis in takeover
          43 21 Bloomberg Business News (FAIRFAX, Virginia) First Virginia Banks Inc agreed to acquire Premier Banksharee Corp for U*****.4 million (5J226.7 minion) in stock, expanding its market share in Virginia asa wave of consolidation In the banking Industry continues,—Bloomberg Business News
          Bloomberg Business News  -  43 words
        • Article
          Lock icon PNB acquires 40% of Beneficial Life
          93 21 AFP [MANILA] Philippine National Bank (PNB) said on Tuesday it had acquired a 40 per cent stake in Beneficial Life Insurance Co, a small but profitable firm, for 400 million pesos (Ss2l.S million) In cash. The deal provided PNB, the number one bank In
          AFP  -  93 words
        • Article
          Lock icon Standard Life opens Shanghai office
          63 21 Reuter [SHANGHAI] The British Insurance company Standard Life said that it has opened a representative office in Shanghai. Shanghai was the headquarters of the company's Far East operations from 1900 to 1937. The company was set up in Britain in 1825 and has extended Its
          Reuter  -  63 words
      • Article
        Lock icon Landmark law paves the way for Indonesian mutual funds
        220 21 Reuter [JAKARTA] Regulations issued by Indonesia earlier this year promoting the creation of mutual funds have become a landmark for the local industry, delegates to a conference said yesterday. "The recognition of openend funds or mutual funds by the Capital Market
        Reuter  -  220 words
      • Article
        Lock icon Thai bond market set to grow
        264 21 Rising demand from new pension and fixed-income fands Reuter [BANGKOK] Thailand's fledgling corporate bond market should expand further next year as demand grows from new pension and fixed-income funds, financial analysts said yesterday. "The corporate bond market will certainly grow more next year," Tawit
        Reuter  -  264 words
      • Article
        Lock icon Simex fuel oil contract too difficult for traders
        205 21 Bridge News [SINGAPORE] Activity of fUel oil futures contract on the Singapore International Monetary Exchange (Simex) came to a virtual standstill yesterday as most traders said they still find the contract too complicated to trade. "It's dead. There's no liquidity and the
        Bridge News  -  205 words
      • Article
        Lock icon Chinese cabinet approves yuan plan for foreign banks
        381 21 Scheme likely to start only months later as no timetable was set: analysts Bloomberg Business News [BEIJING] China's cabinet approved an experimental plan under which foreign banks can conduct business in the local currency, the yuan, though it didn't say when such
        Bloomberg Business News  -  381 words
      • Article, Illustration
        Lock icon Lloyd's chief calls for a strategy rethink
        438 21 Reuter [LONDON] Lloyd's of London chief executive Ron Sandler has called for a radical overhaul of the insurance market's decision making processes. He told delegates at a conference in London on Tuesday that a greater sense of unity among members is needed for
        Reuter  -  438 words
      • Article
        Lock icon China tells exchanges to ban futures settlement limit
        419 22 Traders say present system to some extent encourages institutional market manipulation Reuter [SHANGHAI] China's top securities watchdog has ordered cpinmodity futures exchanges t6 abolish a settlement system that sets limits on the total amount for physical delivery, tile China Securities newspaper said
        Reuter  -  419 words
      • Article, Illustration
        Lock icon LME chief says all's well but copper prices plunge
        321 22 Reuter [TOKYO] London Metal ExChange (LME) chairman Raj Bagri said on Tuesday that there was no evidence at the moment of a squeeze in LME copper stocks. Asked at a news conference If someone was cornering the 9tecks, Mr Bagri said:
        Reuter; AFP  -  321 words
      • Article
        Lock icon Fed nod for Chase-Chemical merger
        148 22 Bloomberg Business News [WASHINGTON] The Federal Reserve Board on Monday aptyrpved Chase Manhattan Bank's merger with Chemical Bank New Jersey. *The vote was 6-0. Fed Governor Lawrence Lindsey was and didn't vote. The consolidation follows the March merger of Chase Manhattan Corp and Chemical Banking
        Bloomberg Business News  -  148 words
      • Article
        Lock icon Fidelity reviewing trades by its high-profile fund manager
        446 22 Newsletter reports that she violated securities rules Bloomberg Business News [TOßONTO] fidelity Investments Canada Ltd said it is reviewing stock trades by fund manager Veronika Hirsch which may have violated securities regulations in British Columbia. The review was prompted by reports earlier
        Bloomberg Business News  -  446 words
      • Article
        Lock icon UK to free ex-BCCI treasurer awaiting extradition to US
        302 22 Reuter [LONDON] A key figure in the world's biggest banking fraud will be released from prison because the United States has failed to organise his extradition, Britain's High Court found on Tuesday. Syed Ziauddin Ali Akbar, former treasury head at the
        Reuter  -  302 words
      • Article
        Lock icon Ex-staff took 3.4b yen to buy stocks: Biwako Bank
        251 22 Bloomberg Business News [TOKYO] Biwako Bank Ltd, a mid-sized regional bank based in the western prefecture of Shiga, accused a former employee of embezzling 3.4 billion yen (Ss42 million) by tampering with cheques. The bank said it will sell securities to
        Bloomberg Business News  -  251 words
      • Article
        Lock icon JGBs soar to new highs
        232 22 SI IKIKX Report Reuter [SINGAPORE] Simex Euroyen futures held onto their gains yesterday as Japanese government bond futures (JGBs) continued to reach new highs, partly driven by a sharp overnight rise in US treasuries. Dealers said the market, in its current bullish mood, had largely
        Reuter  -  232 words
      • Article
        Lock icon CURRENCY REPORT
        163 22 Reuter AFP A RESURGENT mark elbowed the dollar out of the market spotlight and analysts said EMU nerves would keep dollar/mark firmly capped. "The mark's going to remain pretty firm against the dollar, because of misplaced optimism about the German economic outlook and, more importantly, increasing doubts about
        Reuter; AFP  -  163 words
      • Article
        Lock icon Prices slide as US heating oil stocks rise
        325 22 ENERGY REPORT Reuter [LONDON] World oil prices slipped yesterday as the dizzying rally which took crude to six-year highs unwound further under growing supplies of winter heating oil in the US. London December North Sea Brent crude was trading 30 US cents
        Reuter  -  325 words
      • Article, Illustration
        Untitled
        1312 22 WTHEBAMICT088 KATB8 0ct30 Mr* *.TT» 0.(24 4.042 1194 iM 282» 18u4Dfc0.902 6.569 1992 dfcJtf18*787 U» 1.723 0 992 21.776 ***** 1491 0.791 Cmmtt 1941* 6.191 0.587 3J02 1123 5.752 26.541 T721TU.8S0 1179 1174 uW R W I.H2 1052 3.502 0.933 20.482 *979 0.462 0.744 CMm 0.152 1162 0.095 16M 1*1
        1,312 words
    • Article
      COMMODITY PRICES
      1747 23 8IC0M rUTUIlBS Oct 30 W88CR (Mwm dosing is tt SJOpo) R»1 CONTRACTS ctrtsAo) Clot* Votomo Open Mortli High Low Sott (tonnes) Inttrnt Nov 179.00 450 OK 96 181.00 ***** 181.00 75 1250 Jon 97 ***** 184.25 184.25 50 1375 Fob 97 185.75 185.75 185.75 50 1900 Mor 97
      1,747 words
    • Article
      WORLD STOCK MARKETS
      2394 23 LONDON Oct* hw AB Ports 273.400 -4 Abbey National 636 *1 AMod Oomacq 476 -3 A mac 104 -1.400 Asda Group 113 *1 BATInd 427 -9 BtCC 293.400 -1 BOC Group 859 -3 BR Patrolaum 657 -6.400 BTR 250 -2.400 Bank of Scotland 280 unch Barclay* 954.400
      2,394 words
    • Article
      Lock icon TOKYO
      1635 23 Reuter Q Nikkei 225 -***** STOCKS finished sharply lower yesterday, battered psychologically by news that a regional bank had said it suspects a former employee misused bank funds, brokers said. Futureslinked selling also depressed the market. The 225-share Nikkei Average tumbled 276.41 points, or 1.3 per cent, to 20,681.67.
      Reuter  -  1,635 words
    • Article, Illustration
      Lock icon HONGKONG
      1588 24 AFX-Asia +213.30 SHARE prices closed higher yesterday, after three days of declines, led by HSBC and property stocks, dealers said. The Hang Seng index closed up 213.30 points at 12,405.47 on turnover of HK17.48 billion. The futures market was very active, with 19,900 contracts traded, as the October futures
      AFX-Asia  -  1,588 words
    • Article, Illustration
      Lock icon CHINA
      639 24 Reuter n Shenzhen B Share Into -OJ2 SHENZHEN B Share Index Inched lower yesterday on profit-taking after the index had risen for four straight sessions and the A Share Index also closed lower on profit-taking. The B Index lost 0.12 point to 91.17 on turnover of HK519.62 million, compared
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  639 words
    • Article
      Lock icon TAIPEI
      374 24 AFP BlWPlatei +«M 2 SHARE prices rose yesterday as institutional investors returned to the bourse. "The rally was driven by institutional investors, especially the government-run La-bour-Pension Fund, as they tried to push up prices to win-dow-dress their financial reports," said a dealer. The Weighted Price Index rose 66.42 points
      AFP  -  374 words
    • Article
      Lock icon WELLINGTON
      258 24 Reuter FlWePimttop +&JI SHARES ended firmer yesterday but ofT their highs after an unconvincing follow-through from Wall Street's strong finish. The NZSE-40 Capital Index closed 6.% points up at 2,301.44. Reuter Oct h w root) AM2 B«n»inq B.15 0.07 USD Advtnt tgos HMgt 12# 0.03 ***** AirNo«ZoMnd(A> 2.55 0.02
      Reuter  -  258 words
    • Article, Illustration
      Lock icon BANGKOK
      826 24 AFP □SETMex -18.46 SHARE prices fell 2 per cent yesterday amid concerns over economic data due today and financial difficulties in the property and finance sectors. Foreign investors sold their finance and banking portfolios because of the worries about property company debts. The SET Index declined 18.45 points to
      AFP  -  826 words
    • Article
      Lock icon SEOUL
      404 24 AFP P Composite Index -123 SHARE prices closed 1.2 per cent lower yesterday amid jitters over the country's economy, brokers said. The Composite Index lost 9.23 points to 757.09. Turnover was 24.5 million shares worth 405.5 billion won. Falls beat risers 669 to 225. Korea Electric Power closed ofT
      AFP  -  404 words
    • Article
      Lock icon SYDNEY
      608 24 AFP HAH Ordiniriea *13.7 SHARE prices edged up 0.6 per cent yesterday, propped up by a rally in bank stocks which rose in line with bond prices, brokers said. The All Ordinaries Index finished 13.7 points firmer at 2,336.7. Turnover was 330.4 million shares worth A 5629.1 million. Resource
      AFP  -  608 words
    • Article, Illustration
      Lock icon JAKARTA
      759 24 AFP P Composite Index +Lll SHARE prices closed higher yesterday after a late rebound on buying of selected heavyweight stocks. "The index had been bouncing back and forth for quite a while but in the end, the cigarette stocks came through. Sampoerna kept the index higher," an Asia Equity
      AFP  -  759 words
    • Article
      Lock icon MANILA
      302 24 AFP P Manila +HBJ SHARES closed higher yesterday as Philippine Long Distance Telephone's nine-month profits came in within expectations. The PSE Composite Index rose 22.89 points to 2,927.30. Turnover was 12.6 billion shares worth 2.9 billion pesos. PLDT climbed 40 pesos to 1,585 after reporting a 15.6 per cent
      AFP  -  302 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares mixed on lack of leads
        8292 25 AFX-Asia C 3 Composite Index -Oil SHARE prices closed mixed with the market drifting sideways in the absence of fresh leads and on cautious sentiment from foreign funds. Dealers said second board stocks continued to dominate the market. The KLSE Composite Index closed down
        AFX-Asia  -  8,292 words
    • WARRANTS & OPTIONS
      • Article
        Prime Utilities wrts: too expensive?
        3810 26  -  WARRANT WATCH -By\ R Sivanithy THE strategy of buying an out-of-the-mon-ey warrant because of the gearing and then selling it when it moves in-the-mon-ey has been highlighted in this column before. In most cases, it is a defensible strategy because the warrant would be cheap
        3,810 words
    • Article
      CLOB INTERNATIONAL
      2426 26 MALAYSIAN STOCKS Or Or me Last Vol Day Laat Oust* (M« Ofcr YM Nat M Cap Hm» Law Cggg $a>a COOOt High Law Buyar SaBar Cy H W S*n* 629 3*0 mi 5000 AISBSOc 440 cd *2 1 440 440 422 438 54 4.9 0.3 917 451.3 119
      2,426 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1257 27 TURNOVER COOO) VALWI COOO) urn cm TMH tmw CH> T»tH Induttriat 30,535 20.3*7 50.932 97,334 14.106 m.440 Fln«nc« 3.464 2.644 *170 24,019 3,594 31.614 HoNfc 907 139 1,046 2.316 221 2.537 Prep«tl«» 5,579 3.654 9 433 25.917 4163 30,040 PUrtUtlon 472 472 U26 '226 MMna 207 207 552 552 4LW
        1,257 words
      • Article
        MAIN BOARD
        4659 27 Or Or M Wt l9M LMt Vol Oay Last Ouott 04v 0«v YM N«t Cm Avf High Low StNo Company Solo COOP) HH> Low Buyer Seller C'vr P/t $m« Price INDUSTRIALS 5,46 ASENTS***** OS- unch 3 .77 ,77 ,77 5.0N 7.5 LO OO 2E0 «4 308 m t
        4,659 words
      • Article
        SESDAQ
        902 27 Or Or M art 1996 Laat Va4 Day LatOMli M* Ok YM M Cm A*f Hf. L— StMa Ciwiay 8f COOP) Wmi Law »tar 8a8ar Cw W Ww SCSDM 289 135 2000 ABRHMqtSc WO -4 49 180 179 178 180 10 0.1 112.9 80.1 182 119 68 a 2049
        902 words
      • Article, Illustration
        HOT STOCK
        66 28  -  Hf Paul Leo ACCUMULATE Berjaya Industrial on any further weakness towards support at $1.04 for a short-term rally towards $1.50. Selling pressure is easing as yesterday's one-cent decline to $1.09 was accompanied by a volume of 243,000 shares, 80 per cent less than the 10<lay average of 1.19
        66 words
      • Article, Illustration
        Market up first time in week, helped by US bond rise
        842 28  -  STOCK MARKET COMMENTARY Bat observers say mood may remain subdued pending release of more US data this week; also cited is the unchanged weak earnings outlook By R Sivanithy [SINGAPORE] The biggest US bond rally in 16 months helped
        842 words
      • ON THE GRAPEVINE
        • Article
          Check out this gown
          73 28 THE Jumabhoy vs Jumabhoy court case may lay claim to another superlative. It has already set a record for having the oldest person to take the stand—96-year-old Scotts patriarch, Rajabali Jumabhoy. The case may also boast having the oldest legal gown to be worn to court.
          73 words
        • Article
          Superior fund-amentals
          120 28 ABTRUST Fund Managers (Singapore) reports that the value of its London-listed closed-end ftind, Abtrust New Thai Trust, has risen by 4.4 per cent for the six months to Aug 31,1996. This is despite a 16.2 per cent fall in the Thai market over the year to end September.
          120 words
        • Article
          Budget blues
          174 28 GOING by the performance of the Kuala Lumpur stock market, Malaysian Prime Minister Mahathir Mohamad was spot on when he said that adverse reaction to the 1997 Budget would only become apparent after about three days. Bloomberg yesterday quoted one KL fund manager saying that the budget did
          174 words
        • Article
          Sowing the seeds of class
          60 28 THE next time you're at the Changi airport, be sure to take time to feel the plants. They're all genuine, living and breathing fauna. What people don't realise, however, is that the beautiful plants beyond their reaches are fake. The airport authorities sure know how
          60 words
        • Article
          HK$16m jade piece sold to 'Ms Kwan'
          98 28 DID Hongkong corporate raider, Joseph Lau, buy a HK$l6 million (552.9 million) jade necklace for actress Rosamund Kwan? UK auction house Christie's said a triple-strand jade bead necklace from the Chlng dynasty was sold for HK$l6 million to a well-known Hongkong female artiste
          98 words
        • Article
          What they don't teach you at school
          118 28 THE computer industry's three richest men have something in common—they are all college dropouts. Bill Gates, whose net worth is estimated at some US$lB.5 billion (5526.2 billion), quit Harvard University to launch a career in computers. His buddy, alter ego and co-founder of
          118 words
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      62 17 BBPOiVI I or further irifor p Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 i ad i v v ,iiwi:Dßi li 9 sin ffSHnraM^Hfltflra ■9 iIEHH ttMm^WßKK^B^ai r TJißi l? S^^^HRnßSSsHlldlv i i SHtin !vT? f JJ|B in! i The Royal
      62 words
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      96 18 Need a button sewn in a hurry? We can do it at 600 mph. Every Swissair flight takes off with a needle and thread on board. Ifs available in all classes all of the time. And ifs there for the small emergencies that sometimes happen. If time allows, we'll even
      96 words
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      Page 19 Advertisements Column 1
      198 19 An IBM ThinkPad that suits your pocket! I $3,7991 H Pentium 120 MHz RAM HDD 1 DSTN 4XCD-ROM Windows Lotus The ThinkPad* 365XD has never been more affordable. It's perfect for the executive who wants to do presentations on the move, or the person who just wants to carry their
      198 words
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      Page 20 Advertisements Column 1
      1874 20 BUSINESS Notices TO \D\ KK'ITSK (All. T01.1.-I KKK 1800-741 1883 I Rffl CHUAN HUP HOLDINGS LIMITED I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the TWENTY-SIXTH ANNUAL GENERAL I MEETING of the Company will be held at 322 Jalan Ahmad Ibfahim, Singapore I *****1 on Friday,
      1,874 words
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      Page 20 Advertisements Column 2
      80 20 LIEN-YUEN VILLAGE RESTAURANT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby jiven pursuant to Section 306 (2) of the Companies Act. Cap. 50 that the Final Meetinj of Members of the abovenamed Company will be held at 60 Albert Street *07-10 Albert Complex. Singapore *****9
      80 words
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      15 21 Ml A Golden Opportunity to invest I in Goldcoast Australia! c 2 Luxury Waterfront Houses!
      15 words
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      Page 21 Advertisements Column 2
      417 21 [V I Office Space j For Sale. I j 0.159 sqm j i Now for only j |$1499j mmmmmmmmmmmmmmmmmmm* Actual Size The new HP OmniGo 700 LX and Singapore Telecom Mobile Link's Mobile Office Service give you the freedom to do business anywhere. The new HP OmniGo spreadsheets. It's all
      417 words
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      Page 27 Advertisements Column 1
      8 27 I AT ROY ea s t ern watch
      8 words
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      Page 27 Advertisements Column 2
      54 27 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home
      54 words
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      Page 28 Advertisements Column 1
      340 28 BUSINESS Notices TO \I>\IKIISI(\I I. i (> I. I. I iNI)II-7-I I I S S I NOTICE IS HEREBY GIVEN that, I Steven Low Kheng Onn of Blk 208 Serangoon Central #05-236 Singapore *****8, have applied for a First Class Public House Licence in respect of M/s Roomful Of Blues
      340 words
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      Page 28 Advertisements Column 2
      322 28 NOTICE IS HEREBY GIVEN that, I Bernd Laucke of 15-A Binjai Park Singapore *****4, have applied for a Public House (Ist Class) in respect of M/s Vereinigung Deutsches Haus located at 12 First Avenue Singapore *****8, and that this application will be considered by the Liquors Licensing Board on 4th
      322 words
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      Page 28 Advertisements Column 3
      314 28 NOTICE NOTICE IS HEREBY GIVEN that I, LAU SWEE HOON Of Blk 871, Tamplnes St 84, #07-39 Singapore *****1, have applied for a Public House, Ist Class Licence In respect of Messrs. JOM LOUNGE located at No. 3 Ladyhill Road, Singapore *****2 and that this application will be considered by
      314 words
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      Page 28 Advertisements Column 4
      314 28 NOTICE IS HEREBY GIVEN that I, JEANIE D'CONCEICAO of 30F Jervois Road, #01-04 Jervois Garden, Singapore *****2, have applied for a PUBLIC HOUSE, FIRST-CLASS LICENCE (01) in respect of M/S THE AMERICAN CLUB located at 21 Singapore *****9, and that this application will be considered by the Uquors Licensing Board
      314 words
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      Page 28 Advertisements Column 5
      296 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 90 AND IN THE MATTER OF OXFORD BUSINESS DEVELOPMENT (ASIA PACIFIC) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of th« Minut** of an Extraordinary General Meeting of the members of Oxtord Business Development (Asia PaciAc) Ltd held at 8 Rottneon Road *06-00,
      296 words
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      Page 28 Advertisements Column 6
      340 28 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF UP HOLDINGS PTE LTD At an Extraordinary General Meeting of UP Holdings Pte Ltd held on 21 October 1996, the following resolutions were passed pursuant to Section 179(6) of the Companies Act, Cap. 50 1 RPFftAI
      340 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      287 29 Bridge News, Reuter PAN AMAX rates remained ■bong in the east, but there ♦fere some rumours of weaker levels for north Atlantic tonnage. The Baltic Freight Index came in 13 points fifther at 1,281, somewhat Monger than traders expectations, and held the Market in suspense with both buyers
      Bridge News,; Reuter  -  287 words
    • Article
      MARITIME STOCKS
      154 29 •MM 209 £i£=a a 5 25i m is a igKirt u* wch ML U7 *o.oi OUrwMvWra —U4 undt M B5hcCot«m«_0.ms -aoos n ESm.—is > |CrSSr!Lr<&5 SSI "5 UMrtwM tro KTKJ- m town ttt -aoi BMIrlwiC<r» 20.40 -a to 6< 229 tS$rw55TZZZ7io 33o so -1040 -a» 2N mm* n
      154 words
    • Article
      Tanker owners slam speculative ordering
      487 29  -  TANKER INDUSTRY COKVEHTIOH Asset play singled ont as one of the major problems facing the industry From'. David Hughes in London ONE message rang out loud and clear on the first day of the Seatrade Tanker Industry Convention here. Speaker after speaker warned about the
      487 words
    • Article
      Lock icon India's reforms hit by bottlenecks at ports
      198 29 Reuter [NEW DELHI] India's efforts to boost exports by freeing up state controls has run into a bottleneck in ports unable to cope with growing shipping demands, said Commerce Minister B B Ramaiah. "We need to be ahead of the development but unfortunately
      Reuter  -  198 words
    • Article
      Lock icon CMA and Saudi shipping firm to form alliance
      206 29 AFP [ABU DHABI] A French shipping firm has signed an agreement with Saudi Arabia's biggest maritime company to form an alliance covering various routes in Asia and other areas. The Marseille-based Compagnie Maritime d'Affretement (CMA) and the National Shipping Company of Saudi
      AFP  -  206 words
    • Article, Illustration
      Safety at world's busiest container port in his hands
      781 29  -  SHIPSHAPE From David Taylor AS THE MAN responsible for the day-to-day running of the world's busiest container port, lan Dale, director of marine, says he is generally satisfied with safety and operational efficiency. "We have managed to maintain the safety levels
      781 words
    • Article
      Lock icon World shipping trade expected to grow 3%-3.5%
      293 29 Record volume of 4.66b tonnes last yean Unctad report Bridge News [GENEVA] World seaborne trade in 19% is expected to grow 3.0 per cent to 3.5 per cent to a volume of nearly 4.8 billion tonnes, the United Nations Conference on Trade and
      Bridge News  -  293 words
    • Article, Illustration
      Lock icon Colombo's transhipment cargo up 31% in first 9 months
      179 29 Reuter [COLOMBO] Transhipment traffic at Colombo port rose 31 per cent in the first nine months of this year to 699,128 20-foot equivalent containers. The Sri Lanka Ports Authority (SLPA) said the number of container ships calling at Colombo, South Asia's
      Reuter; FILE PHOTO  -  179 words
    • Article
      Manila training centre the first in world to be classed by DNV
      267 29  -  From Alec Almazan in Manila [MANILA] The Norwegian Training Centre Manila has become the first maritime training centre In the world to be classed by classification society Det Norske Veritas (DNV). The centre recently passed a quality audit
      267 words
    • PORT Shots
      • Article
        Floating wharf in service at Beihal yard
        83 29 [QJNGDAO) A 100,000-tonnage-plus floating wharf in north China has gone into operation at the Beihai Shipyard in Qingdao in Shandong Province. The steel-made Mount Tat floating wharf was designed and built in 10 months by the Chinese at a coat of 198 million
        83 words
      • Article
        Thyssen wins 182m mark Indon contract
        79 29 [DUBSSELDORF, Germany] Thyssen AG and Ferrostaal AG have won, together with Indonesian shipyard PT PAL, a 182 million Deutschemark (*****.8 million) contract to supply parts for five container ships, Thyssen said on Tuesday. Under a contract signed during Chancellor Helmut Kohl's visit to Indonesia
        79 words
      • Article
        Lock icon Gravel freighter capsizes off Japan
        74 29 AFP [TOKYO] A gravel freighter capsized yesterday off western Japan, leaving four of its five crew members dead or miming, the maritime safety agency said One member of the crew on the 497-tonne Afo. BKyoei Maru was rescued, and a search found the body erf
        AFP  -  74 words
    • Article, Illustration
      Lock icon Plan laid for British showcase
      1193 30  -  CRUZSB SHIPBUILDING: PUTTING UK BACK ON THE MAP A £200 m project to build two super-luxury cruiseships to replace the royal yacht Britannia would be a shot in the arm for British seafaring and revitalise the country's cruise ship industry By_ Nigel Lowry Lloyd's List
      Lloyd's List; REUTER  -  1,193 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      279 30 PAGE OraftCargo 11 AO. J A*"** 4 U r~ AM. 3 EES 13 A* 13 < Accord 12 E«roUans t AfrMkM 4 l***™ 4 Famous 7 XT 3 FLH n 7 Austral fl FooogSw 12 A»«rt I Fr K Frt VorM 7 ftatanmdo
      279 words
    • Article
      SHIPPING GUIDE
      15016 36 EXPORT ETA ETA Advertiser V«»l Voyage Telephone ETA ETA Advertiser Vessel SIN Oesfn Nmm Name Number Number SIN Oestn Heme Name Number Number 04/* RCL THANA 8HUM I95N 45-22*3* A ot/i M lour MCC VANTAGE 6009 65 *****54 04/11 09/11 Avant THANA BHUM I95N 65 *****55 To ABIDJAN
      15,016 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        625 43 VmmI Voy No Borth Arrtv«l 0l^ rXw Jn|M *nuftat HM Mi *-*>+ 25££ MMMSV I JOT *>(* *552 Ma MM J02 «M«a* 2 522® MC*M OWN JO. 2522? RM>ln OWN JOI *»H« *.««>- MM2M2 I*** M *> »,"0C ««M 17* JO. H Sw Jim VN JO) X CSX
        625 words
      • Article
        CONTAINER SCHEDULES
        1269 43 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Poofting/llil inr i litis SMp Voy Mo Eti/ttf Nrtrt ftm fnm ka MM 00* oimoo m »«oe JC JC/SOC J* 1VCOC liw iVUOC 4 JVUOO JWW 1VTTW taww MTO OVZHt M 2A 30/ 1 oC wjC i ivsroc ivw H-KOC
        1,269 words
      • Article
        GLOBAL HOLIDAY
        178 43 Oat SI Taiwan Birthday of President Chiang Kai-shek (1887) observed as Veteran's Day. Slovenia: Reformation Day. Howl Austria, Belgium, Croatia, France, Italy, Luxembourg, Poland, Slovakia, Spain, Ivory Coast, Lebanon, Mauritius, Peru: All Saints Day. Chile, Guatemala, Mexico Day of the Dead. Slovenia: All Souls' Day. Nnr2 Ecuador, El
        178 words
      • Article
        COCKETT BUNKER MARKET REPORT
        921 43 THIS report, compiled by Cockett Marine Oil Ltd. shows price raa»as la US dollars lasteadof ilnik prices far a more comprehensive dsecrip tlon of the market Prices shown an baaed on svrrajs slaad stem. Market movements are Indicated. The Cockett Bunker Price Index change and the
        921 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        362 43 Caftaa NO Max 912.6 LO 174 0.10 49 0.00 Oct 25 DmKt Motor HaoMw Ask litem HoaNME25 1 0 0 0 MO Aw 9*7.6 0J OJ 0.07 31 0.00 3*0 Max 9915 11 18 8 O.n SI 0.00 M/w %in »I0» rm mm* HoatowMS 2 1
        362 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        FAA orders changes in B777 switches
        245 44 (SEATTLE] The US Federal Aviation Administration has ordered operators of Boeing Co 777 jets to replace certain switches after several reports of false fire alarms and other problems. In an emergency directive effective Oct 25, the agency warned that failure to comply "could result
        245 words
      • Article
        Lock icon BA to invest £10m in domestic services
        223 44 Bloomberg Business News [LONDON] British Airways pic said it will spend £10 million ($20.2 million) to improve its UK services by adding new flights and upgrading airport facilities for domestic travellers. In the most important change, BA will add a route between London's
        Bloomberg Business News  -  223 words
      • Article
        Lock icon American Airlines plans to buy 100 jets worth US$10b
        474 44 (tarier discussing with Boeing order which may include *****7s NYT [FORT WORTH, Texas] American Airlines wants to buy at least 100 new jets worth more than US$lO billion (5514.1 billion) and is in talks with the Boeing Co about an order,
        NYT  -  474 words
      • Article, Illustration
        Lock icon In second place
        60 44 [PORT AUGUSTA, AUSTRALIA] Swiss entry SCHooler Spirit solar car making its way along the Stuart Highway yesterday past a giant windmill on day four of the World Solar Challenge. SCHooler is placed second behind Honda's Dream car in the field of 47 cars and 15 solar bicycles,
        REUTER  -  60 words
      • Article
        Lock icon Emery sets up M-E regional office
        144 44 Reuter [DUBAI] Integrator Emery Worldwide has set up a Middle East regional office in Dubai in the United Arab Emirates. "Emery Worldwide has been represented in the Middle East for some time and has been part of the Africa division. In order to give
        Reuter  -  144 words
      • Article
        Lock icon Audi likely to pick Brazil as site for new plant
        274 44 Top choice to build A3 model for Latin American markets Reuter [MUNICH] German luxury car maker Audi AG said on Tuesday that it was "highly probable" that it would decide on Brazil as the site for a new production plant
        Reuter  -  274 words
      • Article
        Lock icon New airport proposed for Tokyo
        213 44 Govt panel will also recommend airport for Nagoya Bernama-Kyodo [TOKYOI A government advisory panel will propose building a third international airport to serve Tokyo as the centrepiece of a new five-year airport construction programme to start in fiscal 1997, panel sources said yesterday. The Council
        Bernama-Kyodo  -  213 words
      • Article
        Lock icon US, UK to resume air talks on Nov 6
        230 44 Bloomberg Business News [WASHINGTON] The US and the UK on Nov 6 will resume government-to-government talks aimed at opening up air travel between the two countries, US and UK government officials said on Tuesday. Substantial differences remain between the two governments,
        Bloomberg Business News  -  230 words
      • Article
        Lock icon FedEx to launch fester service from Russia
        169 44 Bloomberg Business News [MEMPHIS] Federal Express Corp said it will use its own aircraft to provide faster express mail service between Russia and North America, Western Europe and Asia. The use of its own airplanes will allow expanded services, faster delivery times and
        Bloomberg Business News  -  169 words
      • LOG Book
        • Article
          Lock icon KLM to levy fuel surcharge on cargo
          95 44 Reuter [AMSTERDAM] KLM Royal Dutch Airlines said on Tuesday its cargo division would be levying a fuel surcharge on shipments worldwide of 20 guilder cents (SI0.16) per kilogram. "The decision is the result of the steep rise in aircraft fuel prices," KLM said
          Reuter  -  95 words
        • Article, Illustration
          Lock icon London's M25 is 10 years old
          65 44 Reuter [LONDON] A cow grazing In a field beyond the M2S motorway, which leads around London, in Hertfordshire, on Tuesday. The 187 km motorway, which is the longest city bypass in the world, was officially opened 10 years ago on Tui»day and quickly became
          Reuter  -  65 words
        • Article
          Fire destroys New Delhi airport terminal
          87 44 [NEW DELHI] A fire gutted one of the two domestic departure terminals at New Delhi's airport yesterday, forcing the diversion of several national and international flights, officials said. Around 40 fire engines fought the blase for nearly tour hours after it broke out before
          87 words
        • Article
          Lock icon Swissair to increase flights to Vietnam
          75 44 Bloomberg Business News [ZURICH] Swissair AO said it will begin to operate two t flights per week between Vietnam and Switzerland from October next year. The airline said it will use a f McDonnell-Douglas MD-11 Jetliner to fly to the Vietnamese capital Ho Chi
          Bloomberg Business News  -  75 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1324 44 CITY FLIGHT HA FLIGHT ETD fttartV 7 7 Hat Yai TG40T 2120 TG408 0820 so?30 1815 Of82 2050 U189i 2155 —M896—1W5^ mm Ho CM MMi VW741 1310 SOI72 0910 A-t— MJ43 0550 BJ34 0025 »m jg V* 7 *0 S025 0700 KL838 1,0 KL837 1540 S026
        1,324 words
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      623 30 twwoßt(CTMClmow wMuWiwiitflWWig I nw S3W 07/10 1«/1« 14/ M 14/11 31/14 WBIMMMSfIi Mi 10/14 M/ 14 25/10 SI/14 M/ 11 MftZMCON 40V» 14/1# 17/14 17/14 11/11 §7/11 > SAMMAMMW m M/ 14 vn* M/ 11 W/11 11/11 cmmmm owr 21/10 14/10 m/io M/ 14 14/11 §||j ww m mll m/ii
      623 words
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      Page 30 Advertisements Column 2
      589 30 Unas aarvtoas rapraaamad /flfSiV"*M—>— n»gHfcy at MwnbenolWw AccradNad Shipping Agants. Ulfi/ Smgapora FraigN ForwartafT S"por» National Shipping Assoc Aaaodalton. —^——-1— .a <o\)J fatiiiu, 3 I -J 11 I SfOTPmGT^SONLD® Just talk to us... t| Iris Lim 740-2044 Tan Lip Chua& 740-1645 f »Jarrod Leong 740-2069 Philip Kob 740-2382 I"TTr a
      589 words
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      Page 31 Advertisements Column 1
      1209 31 PIOHC SOUTH WIST EXPKBS (DWKT) una WW M wm SMCTD LAX ML 1 01 MK /Bl HOM MOt SM mrmrrm W n/i> wiT m/m" W 12/11 n/ii u/n wn m/ii h/ii tyn is/ii mom »7i>~ls7fi ii7ir"Wfr m/ii ~2i7Tl m7hT H7}T nRT mmurm W M/ 11 M/ 11 87/11 22/11 27/11
      1,209 words
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      Page 31 Advertisements Column 2
      2130 31 (g)HANJIN SmPPING f USA CANADA* |uwiMML/vor mm m iw|»ii» Iw|oi|wtiw|hi|wi |mik»|wc|« m m m w w k. hbmum Mil a/un/i« n/ii n/n n/n m/ii m/ii m/ii n/n a/n n/n a/n a/11 w/n a/i i n/11 17/11 17/11 at/11 a/11 n m/u w/11 a/11 m/u gfli >i/n m/ii »/ii m/ii m/ii
      2,130 words
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      Page 32 Advertisements Column 1
      1124 32 <5= DSR-SEMTOR ill Round the World Container Services w TO UK/CONTINENT FBOM U»CQWINKNT mta hot fSr wm lww I hw» I m ht I umH mm Iwr [uw urn mv hm m mt jm WUIB-MWU MM7 2111 8.11 1111 2411 1111 CHOYMttOUMY BM MM 17 1t Hit 1111 11.11 11.*
      1,124 words
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      Page 32 Advertisements Column 2
      1163 32 NOR AS! A I VESSEL VOY [SM PKL 1 OOALABBCLVALALOROT AMT FEL LHA I MSCCARLA 9642-3 92/11 63/11 IVII 2*ll 17/11 24/11 25/11 21/11 22/11 22/11 24/11 I NORFRMOURG WM 6*ll 17/11 22/11 27/11 2VII 11/12 6*12 2VII 2*ll 2WII 61/12 NOR HONGKONG 6644-3 13/11 14/11 2*ll <0/11 11/12 It/12
      1,163 words
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      Page 32 Advertisements Column 3
      420 32 Direct Container Service I to -'j Fangcheng I Zhanjiang 1; Vessel S'pore Fangchwig Zhanjiang lianbao wn m svn 3; ...IV /VO/?TRaWS3 M*hi-P«rpos« RO/LO Carrier Accepting: ft RO/RO, Ramp Capadly ifto 40 tats Heavy Uft opto 6&J toas J Cmrmhmd/ kwd kk /CmHim/Rmhn CaNdwn^J Thai Hag Statas X w HttU MKMaM
      420 words
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      Page 33 Advertisements Column 1
      1229 33 H^™^TRAIT^HIPPrN^W^TD 10 Hoe Chiang Road *11-01 Keppel Tower# Singapore 0208 Tel: *****88 Pax: *****17 Immh > huwi toHvumomi st»¥i« —[ho oh wmh mi <onTAtnti swvki Ivcsa IWT |sn mu u~| Ivnsa vot n*HU»(TMsrj SWUmSM V»»l I 0»/~ ttfll 17/11 OtKNT MAKA4OV VHI7M 91/ M I W/|j SItAITSNOH mm I 07/1~
      1,229 words
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      Page 33 Advertisements Column 2
      1741 33 MRKT CALL TO KAOHSIUNG, TAIWAN SAILING EVISY MONDAY £§£1 WIN SHORT TRANSIT OF S MVS SJNGAPOtI'S GONIAL AGOfTS: 4 SMDITON WAY IHitMIMI WL ntlNt OUTNAID (l/l) «ISM 2 JSBs*B*t««M*lM IMi CAM MB T COSTAI Ml W1 LTD 117-MNSBK SAUS/MGS 4JW141/4S t J©£AI AMNCIKS Mi fluftiiwwmi TowawoiHMW) convwiwAi «g»N/H T/jj»BTMrT___j__4igtg vnsa/voTia
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      Page 34 Advertisements Column 1
      1297 34 EUROPEAIK/SCAHDIHAVIA/TIHUmO/miSSIA RGH RDM ANW HBG TUP ZEE LHV LHV TUP ROM ANW H8« PKL SOP E ROYAL RW-626 04/11 M/ 11 24/11 23/11 27/11 21/11 I. GLOWING RE-037 05/10 07/10 00/10 09/10 11/10 #4/11 OS/11 E. REFINE RW466 04/11 20/11 30/11 3*ll 02/12 03/12 04/12 GOODS RE 054 13/10 10/11
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      Page 34 Advertisements Column 2
      1040 34 I ynui VOYAGI SGf DUO AOU DMN MM RWT Ml VISSA VOTAW DM AM DMN lAN SGf lumomtt 047WJ4W 07/11 17/11 11/11 IVII 70/11 If/11 14/11 MOMMO J7/I0 M/l!) J4/10 »/l0 m/i! I lUNCKMN *****3 M 14/11 14/11 75/11 10/11 V/\\ IVII 15/11 UNCMKHT 7/10 21,10 71.10 »,10 11/11 B
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      Page 34 Advertisements Column 3
      556 34 g RICHFIELD MARINE AQENOES (8) PTE LTD TEL: *****33 (12 UNES) FAX: *****18/*****03 TELEX: R3 ***** RtSMP (3 Una*) CR NO: **********0E I® ETHIOPIAN SHIPPING LINES (NatfoMlliMtof EAlofiia) ACCEPTING FCL AND CONVENTIONAL Vnml Voy CTA lluadhntar Spof* Andtoat 46W8 20/12 Abt»y Wore 51WB 06/01 OgboKL Mmmw t H KIEN HUNG
      556 words
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      Page 35 Advertisements Column 1
      700 35 BSA n. SfIMIL MYANMA YBBBk FIVE STAR UNE (Myonmar National Um) Loadiag for Yo*9oo (Roojoob) VOY SM PKG ret PGU JMGWAY 41W 01/11 /WYA 143 01/11 JUiATSU AGOITS: OOVSTIAO SMPPMG AGENOfS at TH 01-43-*****00 PtL TO 01-03-*****01 IE 01-04-*****01 fGO: Til 01-07-*****11/4 BANK LINE (A sofYko of ANdrow W* SMfpH)
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      Page 35 Advertisements Column 2
      909 35 4 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****32 STTi rw vKsa/voT vor 1 ml w I 1«t i Fa —jiTw mTS m7h~ hiamnbal jmw w/n m/ii 11/11 13/11 a/n n/11 m/ii M/M M/M 01/10 HI MKHMSS MIW "/II M/ll M/ll 03/11 05/10 07/ M M/ 10 HIM«ON
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      Page 35 Advertisements Column 3
      438 35 FAMOUS CONTAINER UNES JiCm 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) MEDITERRANEAN j/s\ SCANDINAVIAN We make Sure Our Standards Never Change For more details please call for Ramlah/Angie/Molly Hj, QJ3 P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 CWT
      438 words
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      Page 37 Advertisements Column 1
      49 37 To retrieve more schedules, just follow these simple steps... Step# document fn ia 740-6000 be faxed M~ M "1" your Step key in the four number A digit code Key in your Example: r- I—i1— i fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      49 words
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      Page 39 Advertisements Column 1
      511 39 -fcl Wsokly LCI A FCI ■I f ODIC3I Services to Caribbean hipping A Central America Idokthemaersk maigkihe mabsk 9609 9607 Port Country 05/11 '2/11 Belize CHy Belize 09/12 16/12 Bridgetown Barbados 12/12 19/12 Cartagena Colombia 11/12 18/12 "Cosines St Lucia 11/12 18/12 Fflrt de France Martinique 12/12 19/12 Freeport Bahamas
      511 words
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      Page 39 Advertisements Column 2
      1320 39 ADVANCE CONTAINER LINES (PTE) LTD 140 CacN Street #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********0E lAWOKOK JAKARTA (S SallMff/WMfe to PAT, 3 SaUhai to BMT, 2 S»lin«t to LCM) (4 S*llln«s/WMt) POST AUTMORfIT THAILAND vusa VOY SIN SIOC MN VKSa VOY
      1,320 words
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      Page 39 Advertisements Column 3
      917 39 |CR NO: *****6****** VESSELS VOY «N OAMgTTA LE HAVRE HAMBURG THAMESPOHT ROTTERDAM ANTWERP VU.LE DC CARINA CI7W 06/11 18/11 25/11 28/11 26/11 28/11 01/12 VILLE DC SAOtTTA SI7W 12/11 23/11 02/12 55 06/12 06/12 08/12 VHXE OE NORMA NI7W 19/11 30/11 00/12 10/12 12/12 13/12 18/12 VEIEDEOBIWNA HI7W 2£ll 07/12
      917 words
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      Page 40 Advertisements Column 1
      1354 40 |VESSEL VOY MN JKT VOY I SIN I PEN WANA BHUM 34®S Sat 02/11 Tut 06/11 QURU BHUM §71 > |VESSEL I VOY I WW I BKK B.MABEMPAT **T Q3/ii~ Tua Oft/11 BAM BHUM 1«N Thu In Pt "to~| 03/11 "Sit" "S~ "SIT OURU BHUM «721 Tu. Oft/11 Thu 07/11
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      Page 40 Advertisements Column 2
      566 40 VUHI VOT WW CTO IWIHI VOT I I €Ot T* PAPMA 537 SAT loa/ll SUN 106/11 Btio« MVH> 36QCNbL|ON|04/11 SAT kww't hkhwa ais thu 04/n Inn ot/n Bmorsi "330 tw os/ii sun io/ii CONSIST!NCI 332 THU 07/11 |MON 11/11 InOfß SMUNO 3630«|SAT 109/11 I THU |14/11 h MwwoM/iwomMXT mmna visin
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      Page 40 Advertisements Column 3
      248 40 #0940 NEKSONS BUILDING 24 PECK SEAH STREET SgjGAPORE |[)|m|n[)nnw TEL: 323 1133 FAX: 221 4061 MM vissa vot sun sura Ksnuroa ami v* W\\ (ill njM/mmm SMnttl 22/* H/11 Ml rOHTIAIMK/SafIETE «B S* IVW Ml HOBU/HQMG snuff \V% H/11 H/11 mßk/rttm Oil/SUM 21/ M H/11 IVII iMMB/MMK AG& 17/* Ml
      248 words
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      Page 41 Advertisements Column 1
      643 41 7 fSINO IXPRISS SHIPPING (PTI) LTD. 4— MM I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE *****7. m 1 TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX L- SINOTMm SHANGHAI (CONTAINIt SERVICE) Also accepting container cargo to: VBStt/VOY I ETA SIN ETAHKG ETA SHA W/T HKfc Brifioo, Oiiwon, jGOMwtu
      643 words
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      Page 41 Advertisements Column 2
      428 41 MAC-NELS S'PORE M'SIA I pTvvn CafTI,rMWCO TW ■SwwScSS'uiWT MMH«k9o3SS» RKELANQ:(O3)MMWT JKT. Q») *****07 MON: (H) B44B» HKG ETA FREWANTLE ETA "B. SURIA" V 8426 03-11 "B.KENARI" V447S 03-11 PKG/PEN FXT/RTM/HAM -ACX LOTUS" VOBBA 04-11 "HJ ELIZABETH' VO22W 04-11 BKK SYP/MEL/BNE 'EQUATOR CRYSTAL" V 956 04-11 "N. AUSTRALIA* V.315 07-11 MNL
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      Page 41 Advertisements Column 3
      287 41 S*por» P.Katang LoacingFor "1 AMANPULO 30/10 I NICHOLAS 29/10 04/11 Rdm/AtWUK/Nan I MELERI lam FtdnVAtwAJK/»Mn I PAN FORTUNE 20/11 25/11 RdnVAtw/UK/Nan I Load* Miliyt. Indonaala I ILoatfng for 1 CAPT Y ANN IS L Dub^A.Oh«biT>oha HAUM METE I APJKARAN Dubai/Bahrart/TX)ftaA)arnmaiVKuwait I Toads Singapore, EJW. Malayaia, Indonaaia I ILtadhg for 1
      287 words
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      Page 42 Advertisements Column 1
      526 42 ShippingTimes ""BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. Fast, Reliable and Committed to you when it comes to Marine Repairs and
      526 words
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      Page 42 Advertisements Column 2
      254 42 IWWMBBIH 8016 m -4 > Turnkey Factory Automation System Automated Storoge and Retrieval System I* Automated Guided Vehicle System (AGV) Full Range of Conventional Pallet Racking Shelving -*■3 IM Iaw—BIBB BE A PRIVILEGED i| ■jHHHBMM|MBpHHIIHHi m mm I I \J\J\J\J Hi .j As a SFFA member, you'll project total professionalism
      254 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      118 43 LEGEND form ""vtorttw direction with tpnd in knot* f Wov*h«h, SiHoct oil Hidkotid ky QfT9vs wtoicfc Hy witfi tfcc wW k Q On* fu> crcl* r*pr***nt* calm or fight and variabt* winds i—— On* half fl*ch* r*pr*s*nts 5 knot* I—» On* ful ff*ch* r*pr*s*nt* 10 knot* k On* sofid triongl*
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