The Business Times, 10 December 1996

Microfilm: NL20749
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA (P) 046/12/95 SINGAPORE Internet: http://www.asial.com.sg/biztimes TUESDAY, DECEMBER 10,1996
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  • Article
    MARKET SUMMARY
    12 1 D arm (+6.74) O 2Kb(+?.oB) hJP I —-mim 11 ,g^/^
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  • Article
    FINANCE
    42 1 '"ill 4*'- y&: Villi.. iUii 1ihf-.. -mtZZuf! JU«T KM M» THnW 1884 xm tSm H2—!* —*3 MtlUS nmum SBKMraa* 6.44 J.80 -Ml SIWBi—i.. i 16.S0 TOWO- xn SEOUL-— tt.96 ZUMCr* A7S JjgW"-- <» s»iM~r~ "IS Cwlntf bttk diKoufit rtt£8 (Source: NatWest Bank)
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  • Article, Illustration
    Lock icon Wrangling begins on WTO declaration
    802 1  -  Serious horse-trading over contentions issues expected to start tomorrow By Catherine Ong [SINGAPORE] Trade leaders from 127 countries began wrangling on a range of issues from telecommunications to labour standards at a landmark meeting here yesterday to free up world trade and commerce. Barely an
    ARTHUR LEE  -  802 words
  • Article
    SingTel monopoly may end sooner still
    273 1  -  Singapore among four countries which improve on their telecom offers By\ Kenneth James [SINGAPORE] Singapore was one of four countries which made improved offers to further liberalise telecommunications services at a meeting called yesterday by the US on the sidelines of the WTO conference.
    273 words
  • Article, Illustration
    Lock icon Asian stock markets regain some lost ground
    444 1  -  But some analysts warn of turbulence ahead By Ven Sreenivasan [SINGAPORE] Asian stock markets recovered yesterday, but were mostly unable to win back what they lost on Friday following remarks by US Fed chairman Alan Greenspan of "irrational exuberance" in assets markets. "It
    ALLAN  -  444 words
  • Article
    Lock icon Wall Street bounces back
    111 1 Reuter [NEW YORK] Stock prices bounced back in early afternoon trading yesterday, following the recovery in Asia and Europe. At 2pm EDT, the Dow Jones Industrial Average was up 36.90 points at 6,418.84 clawing back its pre-weekend Call of 55.16 points. The Nasdaq Composite index was
    Reuter  -  111 words
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      67 1 11 littfci "n ihhiiib pß^pp^i H JBS»eS^ai big ■mpE m^this muted as company likely for toes of pgjZSmtinmJaT^ electronic and computer Htt*al»*tt%rtol> jnM,pg 17. Low base in corresponding period last year v Pall-year profit last year was $5.7 minion. SINGAPORE NEWS... 2,5 PROPERTY 4 S-E ASIA 6 CHINA 7 ASIA
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      34 1 WTo*s golden age beckons: PMGoh,Pg9 Commentary: What the big boys want, Pg 8 The Bottomline: Textile trade could do with more goodwill, Pg 13 US, ETJ lobby hard to open telecoms sector, Pg 8
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      48 1 1 at B Z </! 3 z I 150 YEARS OF HISTORY AND ROMANCE Girher boubque/ Singapore Millenia Walk, #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road. Te1:235 0295
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Freehold Sixth Avenue condo to be sold en bloc
      470 2  -  Price said to be at least $150 m for the 172,800 84 ft Avenue Park site By. Michelle Low A HUGE piece of freehold land off Sixth Avenue has come on the market with the en bloc sale of Avenue Park,
      470 words
    • Article
      NTU chair to be named after Winsemius
      452 2 SINGAPORE owes a great debt to the late Albert Winsemius, the country's former economic adviser, Prime Minister Goh Chok Tong and Senior Minister Lee Kuan Yew said in two separate letters of condolences to his family. Mr Goh said the Cabinet had approved
      452 words
    • Article, Illustration
      Lock icon Ringing up more business in Oct
      336 2  -  EYE ON THE ECONOMY Industry By] Diana Oon OUTGOING IDD calls in October increased 15.7 per cent from the number recorded in the same month last year. This is the biggest increase in the number of outgoing international calls since the high of 23
      ALLAN  -  336 words
    • Article
      Local Exxon unit to invest $17.5m to increase output
      203 2 THE Singapore affiliate of USbased Exxon Chemical Company said yesterday it would invest $17.5 million to expand its production of calcium sulphonate, a type of fuel and lubricant additive. The investment will double the capacity of its calcium sulphonate facility on
      203 words
    • Article, Illustration
      Lock icon Construction design firm has its eye on being the best
      545 5  -  COMPANY VISIT MElProject Engineers Firm sees great potential in China; may apply for listing in three to four years By I Clarissa Tan MEI Project Engineers has drawn up big plans for the future the construction design company wants to
      ARTHUR LEE  -  545 words
    • Article
      S'pore top destination for incentive visitors: poll
      221 5 SINGAPORE has been voted the Best Incentives Destination in a survey by Quorum, an Australian magazine that covers the meetings, incentives, convention and exhibition trade in the Pacific Rim area. The Republic also emerged runner-up in the Best Meetings Destination category. The Best
      221 words
    • Article
      Ponggol Marina offering more facilities with new Indon resort
      267 5  -  lift- Audrey Tan MARINE club Ponggol Marina is expanding its facilities, with the purchase of an Indo nesian island resort and plans for other projects in the region. Battuta Dive Resort, covering 4.2 hectares of Mapor Island south west of Bintan.
      267 words
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      136 2 Presenting tl>e of Triple 3. We know they might not look Eveiy month you can feast on different like chefs but believe us, they are dishes in a buffet that combines the grace of y dressed appropriately. Rembrandt, the originality of Picasso and the N You see, these gentlemen don't
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      98 2 »*►t. -J?** <-■ 1 I i"—> <~» J L <• 1 SiJ<r 1< v* WHICH ASIAN AIRLINE HAS THE MOST FLIGHTS TO NORTH AMERICA? Before we give you the answer, we should also point and Washington 0 C And with a total of 78 flights a week. out that we
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      262 3 BRErruN® IjyaKTCBMMBb.. jV Tngjfiifl I „«<» n ■-Alt A imf > i.;.. |rgLhn% i v -w CHRONOMAT Mechanical chronograph The rugged and compact Chronomat was designed f* v X Designed for service in the demanding, split-second and developed in cooperation with the crack pilots tt T world of fighter aircraft,
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  • FOCUS: PROPERTY
    • Article
      En bloc sales seen to ease next year after record 1996
      1143 4  -  OUTLOOK 07: EN BLOC SALES Interest in collective sales will continue, but location will be commanding factor By. Jenny Lam [SINGAPORE] THE residential en bloc sale market is expected to slow next year after this year's record-breaking performance, in
      1,143 words
    • Article
      Multiplying gains from en bloc sales
      350 4  -  Most sellers plough some of their million-$ profits back into property By Michelle Low [SINGAPORE] What do you do with your million-dollar gains from an en bloc sale? Plough it right back into the property market, seems to be the standard answer. The first
      350 words
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      314 4 large* freehold und AT SIXTH AVENUE Excellent location in District 10 BT TIMAH N. Large land area of 172,820 sq ft Estate in fee simple nm. Excellent transport links to the City Wt/sthave^^ and the rest of the Island CONO /</ rtCl CHINESE > Proximity to commercial, educational y T
      314 words
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      105 4 MIXED LANDED DEVELOPMENT SITE OFF UPPER BUKIT TIMAH ROAD Site Area 60,000 sf approx. 999 years leasehold. Written Permission granted. Close to Nature Reserve and shopping amenities. For further information, please contact: Sole Marketing Agent Located in the heart Flexible efficient of financial district layout Strata area: Approx. Next to
      105 words
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      210 4 COLLECTIVE SALE of BCOTTB TOWER by Auction (AT JUNCTION OF SCOTTS ROAD/CAIRNHILL ROAD) Freehold site Prime residential neighbourhood a DGP plot ratio of 2.8, Up to 30 storeys Wstwyof newton ENVIRONMENT M R T u buh DING r» Land Area: 32,726 sq ft (approx.) V m oh's Excellent accessibility Bukit
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      158 5 The University of Hull England 1927 Hmba Singapore 20th Intake Jan 1997 "ONE OF THE MOST ESTABLISHED AND REPUTABLE IN SINGAPORE!" FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21 months 312 76 0K
      158 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Indon parliament passes first broadcasting bill
      397 6 JAKARTA It aims to protect local industry, regulate all media broadcasts, including Internet Reuter INDONESIA'S parliament yesterday passed the country's first broadcasting bill aimed at protecting the domestic industry and regulating broadcasts on all media, including the Internet. "We did not have a broadcasting
      Reuter  -  397 words
    • Article
      Lock icon US$250m US-Viet venture hits snag
      266 6 HANOI US partner in 'China Beach' resort foils to meet capital deadline AFP THE future of the largest US investment in Vietnam, a mammoth US$25O million (Ss3so million) tourist resort, is in doubt following the failure of the foreign partner to meet a deadline for
      AFP  -  266 words
    • Article
      Lock icon Toyota to launch Asia model in Thailand
      253 6 TOKYO AFP JAPAN'S Toyota Motor Corp yesterday said it would launch its "Asia car" in Thailand next month, with production already underway at its Thai plant. It said local subsidiary Toyota Motor Thailand Co Ltd would commence sales of the Soluna passenger car
      AFP  -  253 words
    • Article
      Lock icon Don't worry about party cells: Hanoi
      184 6 HANOI AFP FOREIGN investors "need not worry" about a directive announced over the weekend that communist party cells should be set up in all foreign invested enterprises, a senior government official said yesterday. Nguyen Nhac, deputy minister of planning and investment, told reporters at
      AFP  -  184 words
    • Article
      Lock icon Thailand's central bank seeks a freer hand
      257 6 BANGKOK Reuter THAILAND'S central bank yesterday said it was seeking legislative amendments to increase its independence and improve efficiency in supervising financial institutions. Bank of Thailand (BOT) spokesman Duangmanee Vongpradhip said the Bank of Thailand Act and the Commercial Banking Act needed to
      Reuter  -  257 words
    • Article
      Indon human rights commission to discuss role with govt officials
      468 6  -  JAKARTA Group has been criticised for mediating in disputes By S N Vasuki INDONESIA'S respected National Commission on Human Rights marked its third anniversary over the weekend by taking steps to clarify its objectives after criticisms against its activist role.
      468 words
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      97 6 JAL Because No Other Premium Package j Has A Personality AsFamousAs Ours. V X With JAL premium packages, you'll be travelling to your desired destinations and more. You'll also be privileged to indulge in the world-renowned colonial charm of Raffles Hotel upon your return. Unwind with a night's stay at
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      168 6 Have you provided your Accountant with the riaht tools!? Chances are that your Accountant is still struggling with outdated batch processing accounting software. Even though you upgraded all the PCs to Pentiums, bought laser printers, Windows 95 and all the latest that the IT industry has to offer, you forgot
      168 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      HK property stocks suffer brief setback over talk of curbs
      401 7  -  HONGKONG Donald Tsang's remarks send Hang Seng Property Index to intra-day low of 25,513.68 By< Quak Hiang Whai PROPERTY stocks were momentarily jolted by remarks made by Financial Secretary Donald Tsang over the weekend that the government would look into
      401 words
    • Article, Illustration
      Lock icon Desperately seeking...
      51 7 [BEIJING] Jobseekers reading the notices put up at a job agency yesterday, as hundreds ofjobseehers gather to look for suitable vocations. China's urban workforce expanded this year to the extent that the government is planning to build some 10,000 small towns to absorb excess labour from rural areas.
      AFP  -  51 words
    • Article
      Lock icon Legco members apply to join HK interim legislature
      201 7 HONGKONG Over 100 applicants vying for 60 Mats on provisional body Reuter MORE than 100 politicians, including half of Hongkong's doomed 60-member Legislative Council (Legco), have applied to join China's planned provisional legislature in a move that may cripple Hongkong's parliament in
      Reuter  -  201 words
    • SINO Briefs
      • Article
        Lock icon Siemens power venture in China
        57 7 Reuter [BEUING] China's largest Sino-foreign joint venture power project has broken ground, Xinhua news agency said. Germany's Siemens AG, with an investment of U*****.7 million (*****.8 million), has a 40 per cent stake in the Hebei Hanfeng power plant project in Handan city in the
        Reuter  -  57 words
      • Article
        Lock icon Hongkong to change Olympic flag
        58 7 Reuter [BANGKOK] Hongkong has agreed to change its Olympic flag, anthem and emblem at international sporting events from July 1,1997, when it reverts to China, sports officials said yesterday. The agreement was reached at a meeting of the 29th Olympic Council of Asia (OCA) executive
        Reuter  -  58 words
      • Article
        Lock icon China plans medical insurance system
        48 7 AFP [BEIJING] China's health ministry yesterday pledged to have a medical insurance system for urban employees by the year 2000. Pilot schemes in several cities, using a system that links social insurance fUnds and personal accounts, have proved successful, said an official. —AFP
        AFP  -  48 words
      • Article
        Lock icon Colour TV war hits foreign brands
        91 7 Reuter [SHANGHAI] A colour television price war in China is spurring sales, cutting the share erf foreign brands and rationalising an industry which has capacity of nearly three times demand, newspapers said yesterday. The war was launched in March by market leader Sichuan Chang
        Reuter  -  91 words
    • Article
      Lock icon Taipei reveals suspended South African deals
      269 7 JOHANNESBURG Projects worth USsB42m dropped, including USssoom contra! bank deposit Reuter TAIWAN released details yesterday of agreements with South Africa which were suspended after Pretoria's diplomatic switch from Taipei to Beijing. The projects, totalling US$B42 million (Ssl.2 billion), included an offer of a US$5OO
      Reuter  -  269 words
    • Article
      Lock icon Taiwan won't end push for recognition
      198 7 TAIPEI Reuter TAIWAN yesterday refused to drop its drive for international recognition, scorning China's pre-conditions for ending an 18-month-old freeze in Tai-pei-Beijing talks as unreasonable and impossible. Hongkong's Wen Wei Po newspaper quoted China's top Taiwan negotiator as setting four conditions for reopening a
      Reuter  -  198 words
    • Article
      Lock icon Three-phase plan to make Shanghai global financial hub
      323 7 SHANGHAI Bernama-Xinhua CHINA has worked out a three-phase action plan to build Shanghai into an international financial centre by the year 2010. Under the plan, Shanghai will seek to restore its place as a national financial hub before the end of this
      Bernama-Xinhua  -  323 words
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      232 7 The wholesome aoodness of v I Cloypot Temptations v^i^^KHCS9KS|Bqijoh Be among the 18 lucky winners to get a full refund* tfffffftfrilh^Miiriiir f° r the amount spent in lUIIkII °ur weekly draw. Refund will be made m the form of Xin Cuisine dinner voucher 1 his December, you will be overwhelmed
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  • THE WTO MINISTERIAL CONFERENCE
    • Article, Illustration
      Lock icon US, EU lobby hard to open telecoms sector
      586 8  -  B&rshefeky, Brittan express cautions satisfaction with progress to date Reports by Kenneth James INTENSIVE lobbying on the opening day of the inaugural WTO Ministerial Conference may have untangled some of the crossed wires over the opening up of basic telecommunications services worldwide.
      ERIC CHU  -  586 words
    • Article
      Flexible approach adopted in push for IT pact
      395 8 PM Goh sees some form of agreement to move issue forward FLEXIBILITY appears to be the current buzzword in the push for an Information Technology Agreement (ITA) to eliminate tariffs on IT products by the turn of the century. The US, which
      395 words
    • SIDE Lines
      • Article
        Camdessus agrees stocks rising too fast
        78 8 INTERNATIONAL Monetary Fund (IMF) managing director Michel Camdessus said he agreed with US Federal Reserve Board chairman Alan Greenspan's warning that stock markets could be rising too quickly. The IMF and the WTO yesterday signed an agreement to work more closely together. The IMF
        78 words
      • Article, Illustration
        China at top of Quad's agenda
        98 8 CHINA s bid to join the World Trade Organisation will top a meeting today between the European Union, the US, Canada and Japan, said EU Trade Commissioner Leon Brittan (above). "The first item will be China," Sir Leon told a press conference. "The time
        98 words
      • Article
        Myth that free trade good for all: NGOs
        136 8 MORE than 30 Non-Governmental Organisations (NGOs) have said it was a myth that trade liberalisation was good for every body and urged the WTO to help the poor by fixing existing rules before making new ones. In a statement they said: "Despite
        136 words
      • Article
        Global trade growth predicted to pick up
        57 8 GLOBAL trade growth will accelerate next year after a sharper-than-expected slowdown in 1996, the WTO predicted in its annual report released yesterday. Reduced consumer demand in Western Europe and North America coupled with a less rapid expansion of trade in developing Asian countries
        57 words
    • Article
      Developed countries lashed for not freeing their garment markets
      320 8  -  By\ Siow Li Sen DEVELOPING countries yesterday were unanimous in pointing out some developed countries were tardy in opening up their textiles and clothing markets. Thailand, Indonesia, India and Pakistan said at the opening session yesterday that a major concern is
      320 words
    • Article
      What the big boys want
      750 8  -  Prospects for an ITA are looking better but the same can't be said for a telecoms pact sa says VXERAM KHAMMA VIKRAM KHANNA THE big boys of trade put their cards on the table yesterday. Sure, they want to talk about implementing the Uruguay Round
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    • Article
      WTO's golden age beckons: PM Goh
      681 9  -  Rnggiero says imity still fragile, arises members to arrive at an equilibrium By- Yang Razali Kassim TRADE ministers yesterday began five days of difficult talks to free up global trade, even as host Singapore called on them to be forward-looking in order to make
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    • Article
      WHAT THEY SAY
      94 9 'In the economy of the 21st century, knowledge, like water, will be an essential resource. Our challenge is to extend and widen the global aqueducts.' wiv director-general Renato Rugglero 'While Britain is strongly opposed to child labour and forced labour as anyone else, we see no case
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    • Article, Illustration
      Developed counties divided on linking labour to trade
      398 9  -  Italy and France back US, while UK, Germany, Australia think differently By\ Larry Wee AT LEAST one issue did not divide rich nations against poor, or north against south, on the first day of the conference yesterday. Instead, the opening salvoes for
      398 words
    • Article, Illustration
      Lock icon KL stands firm on keeping labour standards out
      381 9 Rafidak Labour, govt procurement roles, investments should not be on agenda Reuter MALAYSIA said yesterday it is standing firm on its position that labour standards, rules on government procurement, and investments should not be on the WTO agenda. "If the US stands
      Reuter; ARTHUR LEE  -  381 words
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      200 8 w WU UUII UUICU UII Ult IllliiAT THE WTO MC1996, WE ARE GIVING EVERY COUNTRY THE MOST FAVOURED NATION' STATUS. each^ d ver y country No stranger to the highest accolades, the BMW 7 Series while remaining within the strictest economic guidelines. conference ,s being 7 r nt,y voted MThe
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      84 9 ERY COUNTRY ATIIS. est accolades, the BMW 7 Series while remaining within the strictest economic guidelines. est Car In The World" by readers And its spacious interior is appointed with sublime luxury one of Europe's leading motoring for those who expect nothing less than red carpet treatment. To experience the
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  • ASIA
    • Article
      Lock icon Major S Korean strike planned over labour law revamp
      408 10 SEOUL 300,000 workers to stop work on Friday; bourse falls for ninth straight session Bloomberg Business News AFP SOME 300,000 workers at about 400 South Korean companies, including Hyundai Motor Co and Daewoo Heavy Industries Co, will strike on Friday afternoon
      Bloomberg Business News; AFP  -  408 words
    • Article
      Lock icon Indian insurance staff strike
      93 10 NEW DELHI AFP HUNDREDS of thousands of Indian insurance employees went on strike yesterday to protest against government moves to open up the sector to private competition, union officials said. Some 200,000 employees of the state-run Life Insurance Corp and General Insurance Corp stayed away from
      AFP  -  93 words
    • Article
      Lock icon Insurance dispute between Japan, US yet to be resolved
      225 10 mTOKYO Reuter JAPAN and the United States are still far from reaching agreement over their bilateral insurance dispute after two days of meetings between senior officials, a senior Japanese finance ministry official told reporters yesterday. Japan and the United States have
      Reuter  -  225 words
    • Article, Illustration
      Lock icon Hashimoto admits Aya-linked donations
      298 10 TOKYO AFP JAPANESE Prime Minister Ryutaro Hashimoto admitted publicly for the first time yesterday he had taken donations from political lobbies linked to a welfare group embroiled in a bribery scandal. "If I had known about the (group's) problem at that time, I would have hesitated
      AFP  -  298 words
    • Article, Illustration
      Lock icon Dhaka govt acts to revive stocks
      295 10 DHAKA AFP THE Bangladesh government yesterday moved to revive the stock market in the face of continuing demonstrations by unauthorised kerb traders. The government announced the measures after protests by the kerb traders forced closure of the bourse all day Sunday and yesterday. Lutfur
      AFP  -  295 words
    • Article
      Lock icon Bank scam inquiry clears Pakistan President
      239 10 ISLAMABAD Reuter A JUDICIAL inquiry into a banking scandal in Pakistan absolved President Farooq Leghari of any wrongdoing, a report released on Sunday said. "It is the confirmed opinion of the commission, based on the evidence before it, that the allegations against the president
      Reuter  -  239 words
    • Article
      Lock icon Tokyo still world's most expensive city
      240 10 LONDON But weakening yen makes it less costly than before: EIU poll Bernama TOKYO and Osaka-Kobe remain the world's most expensive cities but the weakening yen has meant they are not quite as expensive as they were at their March 1995 peaks, the latest
      Bernama  -  240 words
    • ASIA Notes
      • Article
        Lock icon Planeload of defectors reach Seoul
        81 10 Reuter [SEOUL] A plane carrying the biggest group of North Korean defectors since the 1950-53 Korean War arrived in Seoul yesterday, witnesses said. The 17 escapees, who sneaked into Hongkong on Nov 23 after a month-long trek down the length of China, were all from
        Reuter  -  81 words
      • Article
        Lock icon NZ National Party's plan
        76 10 Bloomberg Business News [WELLINGTON] New Zealand's caretaker government, the National Party, has approved a plan that will see it retain power with the support of the New Zealand First Party. The main opposition Labour Party has approved an alternative plan to form a government with New
        Bloomberg Business News  -  76 words
      • Article
        Lock icon Aussie food exports to Asia to hit A$7b
        74 10 AFP [CANBERRA] Australian food exports to Asia were set to exceed As 7 billion (557.7 billion) by the end of the calendar year, the Foreign Affairs and Trade Department sakl here yesterday. The department's December Asialine business newsletter said total food exports
        AFP  -  74 words
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      159 10 M ROBINSON POINT. IT'S THE SMARTER BUSINESS ADDRESS. BUSINESS LOCATION Place 0 ■vC^-P to jpi W J to both |||l Pi The 21-storey Robinson Point offers you p® UP IHI II State-of-the-art Building Automation i- J -fl|. JP I System that manages the building J— «pr L «KS f B
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  • FOCUS
    • Article, Illustration
      Lock icon Behind Greenspan's words last week...
      697 11 The Federal Reserve chairman seemed to be restating orthodox monetary policy but it was the timing which was crucial FT [WASHINGTON] FEW people in the world choose their words as carefully as central bankers. Every phrase and nuance of everything they say is scrutinised by
      FT; FILE PHOTO  -  697 words
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      220 11 HttAUyßßUßUjlfl Welcomes WTO Delegates Serviced Offices and Workstations for short term letting at attractive rates next to Suntec City Christof/e Paris Champagne bottle opener, stopper and champagne cooler Sommelier |9p Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons
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      48 11 I" "One bad choice ands|f fyou lose everything I you've built." Jj| d d f Ik d and there's a bit of entertaining to do. M JrM B t With the AIDS epidemic "A jfc I s readht o wmwMN* W' 4BV)L A J A MW[Wj i yfeJ
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      10 11 Greenspan's comment a question, not a warning: Rubin, Pg 12
      10 words
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  • THE WORLD
    • Article, Illustration
      Cold Warriors warm up
      692 12  -  LETTER FROM WASHINGTON ForeignpoUcy'wonks'hope Albright's arrival will bring life back to State Dept By Leon Hadar THE US capital was vibrating with excitement on Thursday, when President Bill Clinton announced the selection of a fresh "national security team", including his choice of Madeleine Albright as the
      692 words
    • Article
      Lock icon Major faces yet another revolt
      336 12 LONDON Tory MP calls for referendum on UK's EU membership Reuter PRIME Minister John Major faced fresh revolt in his bitterly divided Conservative Party yesterday when one of its prominent "Eurosceptics" called for a referendum on Britain's European Union membership. Maverick Conservative and ardent anti-European
      Reuter  -  336 words
    • Article
      Lock icon Nato backs new Bosnia force plan
      160 12 BRUSSELS Reuter NATO gave provisional approval yesterday for an alli-ance-led force of between 25,000 and 30,000 to stay in Bosnia next year to police the fragile Dayton peace accords. Officials said Nato's 16 ambassadors approved the plan for a Stabilisation Force (SFOR) after meeting
      Reuter  -  160 words
    • Article
      Lock icon Monsanto to spin off chemicals business
      145 12 NEW YORK AFP MONSANTO yesterday said its board had approved the spin-off of its chemicals business to form two separately listed companies, in an overhaul that will cut its global workforce by up to 2,500 jobs. The group said it would earmark US$4OO million
      AFP  -  145 words
    • Article, Illustration
      Lock icon Greenspan was just raising a question: Rubin
      442 12 WASHINGTON He says Fed chairman was seeking to widen debate over level of the stock market Bloomberg Business News Reuter US TREASURY Secretary Robert Rubin said the comment by Federal Reserve chairman Alan Greenspan that sent world financial markets plunging on Friday was
      Bloomberg Business News; Reuter  -  442 words
    • Article
      Lock icon US Senate leader feels Fed has too much power
      171 12 WASHINGTON Reuter SENATE Majority Leader Trent Lott, criticising the power of the US Federal Reserve Board, on Sunday said he believed interest rates should be lower. Last week's rattling of stock markets worldwide were an indication of Fed chairman Alan Greenspan's
      Reuter  -  171 words
    • Article
      Lock icon G-10 feels forex markets relatively calm: Tietmeyer
      260 12 M BASLE Reuter BUNDESBANK president Hans Tietmeyer said Group of 10 central bank governors believed world currency markets were calm and there was no reason for special concern. "We see that the markets are relatively calm, not only inside Europe but also worldwide,"
      Reuter  -  260 words
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      158 12 PAMPERING KNOWING GUESTS Contemplate the day in the serene comfort of our plush Living Room, unperturbed by the rest of the world. Quietly confident that an unparalleled level of service is only a gesture away. A n ct a way t° our luxurious rooms and suites, your privacy is assured
      158 words
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      Page 12 Advertisements Column 2
      36 12 Natural Contemporary Aesthetic jt i s The Masterpiece in Leather* Exduarveiy marketed by lnt«Mi(*nl OHicm Solwtioni K&E MARKETING (S) PTE LTD 298. BEACH ROAD. #01-26 THE CONCOURSE SINGAPORE *****4. TEL: 294 81 75 FAX: 294 7076
      36 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Textile trade could do with more goodwill
      738 13  -  THE BOTTOMLDIE OPINION By Sunjoto Tanudjaja The writer, who runs his own apparel company in Indonesia, was recently appointed president of the International Apparel Federation, a global organisation that promotes the interests of textile and apparel producers around the world WHILE the World
      738 words
    • Article
      IN OTHER WORDS
      112 13 She has had very bad luck with men.' Jackie Collins novelist, who also suggests that Princess Diana become bisexual to inflict her revenge on the Queen. You have all these men turning 35, turning 40, almost simultaneously. They don't want to get old; they don't want to
      112 words
    • Article
      Clinton's cabinet choices
      617 13 EDITORIAL PRESIDENT Clinton's selection of Madeleine Albright as Secretary of State and retiring Republican Senator William Cohen of Maine as Secretary of Defence reflects the White House's domestic political imperatives. But the appointments also offer hope for a more coherent foreign policy. Women's groups had lobbied Mr
      617 words
    • Article, Illustration
      Lock icon Trouble spots in HK
      1101 13  -  Some economists say recent slower growth shows HE's economic transformation has reached its limit By. Louise do Rosario The author is a Hongkong-based writer who contributes to BT FEW economies have undergone so much change so quickly but with so little pain as Hongkong has. In
      FILE PHOTO  -  1,101 words
    • Article
      Shangri-La mystique
      245 13  -  MAILBOX Clive Heng Singapore *****7 I READ with some amusement the opening lines of your report (BT, Dec 2) headlined "Shangri-La: a quiet but strong showing They were quite flatulent and deserve a little gentle debunking. Far from being the stuff of legend which originated from the "lofty
      245 words
    • Article
      Help for the handicapped
      217 13  -  Ng Suan Eng (Miss) deputy director University Liaison Office WE REFER to Lee Han Shih's article "Learning To Break Down Barriers" (BT, Dec 3). It posed the question whether NUS will automatically convert all its buildings to provide wheelchair access for the disabled. Firstly, we would
      217 words
    • Article
      WHAT THE OTHERS SAY
      407 13 ITS market's lack of concern A SIGN of a frothy market is, perhaps, a tendency to overreact to passing comments by central bankers. But a sign of a seriously overheated one is a willingness to brush such warnings aside. On this basis, last Friday's market reaction
      407 words
  • Page 13 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon No more foreign appeal
      724 14  -  Foreign-language films are losing popularity in the US. lxmdalee reports LINDA LEE NYT WITH three new French films Patrice Leconte's Ridicule, Claude Chabrol's Ceremonie and Andre Techine's Voleurs (Thieves) opening this month, the year's total of foreignlanguage films released in New York, where most foreign films
      NYT; FILE PHOTO  -  724 words
    • Article, Illustration
      Lock icon Fitting prize for a true pro
      600 14 TENNIS Reuter [MUNICHJ Boris Becker's bumper payday of U551,875 million (552.6 million) at the Grand Slam Cup was a fitting reward for a true professional at the end of one of the toughest years of his life. After his 6-36-4 6-4 triumph over Goran
      Reuter; REUTER  -  600 words
    • Article, Illustration
      Best 5 courses on Johor's menu
      758 16  -  In the second of a two-parter ranking Johor's golf courses, micklaus d'cruz lists five good reasons to cross the Causeway NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. This review and further information about golfing in Asia are available on the
      758 words
    • Article
      Almost eye to eye with the public
      237 16 THERE is little difiFerence between the public's ranking trf the top 10 and our team's ranking. The only surprise is Palm Resort's Allamanda ranks higher in the public's eye than Cempaka's trjie championship layout. Another surprise is that Pulai Springs made it so
      237 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      254 14 The OSIM Leisure Massage Couch is the ultimate relaxer. It comes in 5 colours and a sleek designer look. Come and visit OSIM at Suntec City Mall for free health checks! At OSIM, health is our priority. We have a wide variety of healthcare products to help you take care
      254 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      551 15 Where to wine, dine and entertain I ts J |i 'festive jj I I AMARA BALLROOM 1& 2 j I K 7.00 PM -1.00 AM I B It's the season for merry-making again, jl V and this year at the Amara Singapore, 9 11. we're throwing a fabulous party! IK
      551 words
    • Advertisement
      Page 15 Advertisements Column 2
      270 15 SINGAPORE BUSINESS Giving you the winning edge LONGEST rft-Tes try joWf9 N^ftY^^pmto^pgpftnyfMra BY POPULAR DEMAND! $east on our spread ofPutrta, Nonym Km eh, I and local favourites like Mee Simm, Lmksm, Rajah, Mee Rebus and more! C Adult: $12.80 (Sal. Sun <4 Public Holidays: SI 3 80) Child: $7.80 Subject
      270 words
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      Page 15 Advertisements Column 3
      116 15 BIGGEST Dim Xin Restaurant 1 At The Neptune j on Shenton Way i Dian Xin/Lunch I (/r~\ <i 1 11.30am-2.30pm 1 7TH FLOOR. OVERSEAS UNION HOUSE. aaaaa^gaaaaaiM THE WHOLESOME GOODNESS OF CUYPOT TEMPTATIONS 1 31 PECHMIB 96 Come on down to Xin Cuisine today and savour the natural good tastes
      116 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      815 15 TV&RADIO ■■■hiereUl 3JB By Demand. wanted by her family and 7 4JO The Three Stooges. leaves home to stay with iiniiißi #.00 AM WTO Ministerial 440 Hogan's Heroes. her second son and his Channe^ 6 7)16 (,0 See Wednesday's Sched- 1140 Japanese Pop. 7.00 PM Asia Sport Show ■BBBBII® AMTV
      815 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      188 15 CRYPTIC CROSSWORD 16 In which one has relatives 23 Girl's command causes confusion BL— 25 In part of the ship, sailors are |PCjlit^jjjL!Z!fljLj|LZjitZj!t-j|H 26 CD nearly damaged use —«——MB-—L—L I I I I I I solvent to remove dirt (3-5) DOWN monarch (8) YESTERDAY'S SOLUTION onu. 13 Abandon demand to
      188 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      264 16 -< *«c •0-T'im' W 1 /1— g| 'ItW The Volvo 960 js a luxury car that appeals to You know that a spacious interior with soft You'll find your expectations more than smooth ride from one of the most modern high those who don't want to drive the cars that
      264 words
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  • COMPANIES & MARKETS
    • Article
      NSC sale: Wing Tiek still in talks
      384 17  -  Deal being finalised, announcement may be ont this week, says an official From Al Labita in Manila DIVERSIFIED Wing Tiek Bhd of Malaysia is negotiating to sell its 75 per cent equity in Manila's National Steel Corp (NSC) and a formal announcement is
      384 words
    • Article, Illustration
      Lock icon Electronics stocks up, led by brighter Creative prospects
      308 17  -  By, Jennifer Lien [SINGAPORE] Electronics stocks rose in heavy trading yesterday, led by strong buying of Creative Technology which is expected to post healthy sales this Christmas season. The SES Electronics Index was up 1.65 points to a 27-week high of 86.89,
      Source: Bloomberg  -  308 words
    • Article
      HTP chalks up 81% rise in profit
      154 17 ya? rtSINGAPORE] Listed HTP Holdings, a diversified invest- oient company with property 1 interests, yesterday posted an 81 per cent jump in interim net i. proQt to $3.06 million, boosted by a 62 per cent rise in turnover to $27.8 million. -i i
      154 words
    • Article
      Will Aussie company be the next Van der Horst?
      744 17  -  HOCK LOCK SIEW Russell Baker A LOW-PROFILE Austra-lian-listed company, London Securities, is being groomed as the Western face of Asian infrastructure deals involving Indonesian entrepreneur Johannes Kotjo and other former Salim group executives. London Securities, which will be changing its name
      744 words
    • Article
      Thai company raises US$48m offshore
      211 17 [SINGAPORE] Rangsit Plaza Co Ltd of Thailand has tapped the international offshore market for the first time, raising US$4B million ($67.2 million) from a three-year term loan facility. The company, which operates major shopping centre Future Park Rangsit, will pay interest of 1.05 per cent
      211 words
    • Article
      AIB to merge fund management units here
      379 17  -  New entity will manage over $lb worth of funds By Shiv Taneja [SINGAPORE] Allied Irish Bank (AIB) will merge two of its fund management units here to form a single entity managing over Ssl billion. It will be effected by John Govett Asia
      379 words
    • Article
      OCBC, TCL in share swap
      182 17 [SINGAPORE] OCBC Bank yesterday announced a share swap of its Malaysian stockbroking assets with TCL Premier Holdings Bhd (TCL). The bank and other shareholders sold their entire stake in OCBC Securities (Melaka) Sdn Bhd (OSM) on Friday for M 5103.6 million (5557.5 million) to TCL.
      182 words
    • REGIONAL COMPANIES
      • Article, Illustration
        STIC to sell some businesses to subsidiary STE&E
        484 18  -  STE&E to pay $58m in shares for control systems business Ry\ Genevieve Cua [SINGAPORE] Singapore Technologies Industrial Corporation will consolidate its simulator and command and control (C 2) businesses under its listed subsidiary ST Electronic Engineering (STE&E). The C 2 businesses relate
        484 words
      • Article
        Lock icon Hong Leong Bank denies being in merger talks
        349 18 Rumours of tie-np with Ban Hin Lee Bank nntrue, it says Bernama [KUALA LUMPUR] Hong Leong Bank Bhd yesterday denied that it is currently having merger negotiations with Ban Hin Lee Bank Bhd. "At the present moment, the rumours are not true...
        Bernama  -  349 words
      • Article
        Lock icon Perdana to make M$22m gain in Tongkah deal
        152 18 Bernama [KUALA LUMPUR] Perdana Merchant Group Bhd, a subsidiary of United Merchant Group Bhd, is expected to realise an extraordinary gain of Ms 22 million (5512.2 million) from its proposal to sell the entire interest of 26.4 million shares in Perdana Finance
        Bernama  -  152 words
      • COMPANY Briefs
        • Article
          Hour Glass ups stakes in Bertolucci units
          88 18 [SINGAPORE] The Hour Glass (THG) has agreed to buy the 10 per cent stakes that a former employee owns in two companies that distribute Bertolucci watches. It will pay $11 1.039 for 50,000 Bertolucci (Singapore) Pte Ltd shares and $35,074 for 100,000 Bertolucci
          88 words
        • Article
          Freight Links completes Caxton deal
          44 18 [SINGAPORE) Freight Links Express Holdings yesterday completed its ac<Juisition of Caxton Holdings Ltd of Australia for A 55.5 million (556.15 million). It now owns 85 per cent of the company, which will be renamed Freight Links Express Holdings (Australia).
          44 words
        • Article
          Lock icon Landmarks' profit dip 9% to M$38m
          88 18 Bernama [KUALA LUMPUR] Landmarks Bhd yesterday posted a 9 per cent dip in group pre-tax profit to M 537.84 million (Ss2l million) for the nine months ended Sep 30 despite a higher turnover. Turnover rose 8 per cent to M 5113.64 million. Landmarks said
          Bernama  -  88 words
        • Article
          Lock icon MUI to sell KL plot to Olympla for M$28m
          61 18 Bernama [KUALA LUMPUR) MUI Properties Bhd has agreed to sell a piece of vacant land in Kuala Lumpur for M 528.3 million (5515.7 million) to Olympia Industries Bhd. The company said yesterday it would make an after-tax gain of M 11.94
          Bernama  -  61 words
        • Article
          Lock icon Uniphone to buy property for M$161m
          74 18 Bernama [KUALA LUMPURJ Uniphone Telecommunications Bhd (Uniphone) has agreed to buy a piece of land, on which a building will be constructed, in the Petaling district for Msl6l million (5589.4 million). The company said yesterday that the 2.5 hectare plot is part of the
          Bernama  -  74 words
      • Article
        Lock icon Bre-X, Barrick agree on 25-75% Busang split
        442 18 Jakarta says they have accepted govt's proposal Reuter [JAKARTA] Indonesia said yesterday that Canada's Bre-X Minerals Ltd and Barrick Gold Corp had agreed on a government proposal for a 25-75 per cent split of the spectacular Busang gold find. "They have reported they
        Reuter  -  442 words
      • Article
        Lock icon No turning back for Rashid Hussain
        676 18 MARKET TALE MBT [KUALA LUMPUR] For the first time in Malaysia's financial history the licences of a commercial bank and a finance company are to be cancelled and delisted from the Kuala Lumpur Stock Exchange. This follows the acquisition of Kwong Yik Bank by
        MBT  -  676 words
      • Article
        Global tie-ups key factor behind NTT restructuring
        442 19  -  Company may be allowed international alliances even before revamp fiYoni. Anthony Rowley m Tokyo JAPANESE telecommunications giant Nippon Telegraph and Telephone (NTT) is eager to tie up with other international groups and this is a major factor behind its proposed restructuring, an official
        442 words
      • Article
        Lock icon New steps to cool China's A share markets
        321 19 Reuter [SHANGHAI] China's top securities watchdog yesterday issued new requirements for exchanges and securities houses to strengthen risk control with the aim of cooling its overheated domestic A share markets. But the markets in Shanghai and Shenzhen responded with fresh rises in
        Reuter  -  321 words
      • Article
        Lock icon Suzutan head denies insider trading
        261 19 AFP [TOKYO] The president of Suzutan Co Ltd, Japan's largest retailer of women's wear, yesterday admitted that he had sold a large amount of compa ny shares, but maintained he had not intended to evade losses on insider information. "It is true that I sold
        AFP  -  261 words
      • Article, Illustration
        Lock icon CEO of Coles Myer quits amid concern over falling profits
        402 19 [MELBOURNE) Coles Myer Ltd chief executive Peter Bar tels will quit the top job at Australia's largest retailer amid investor concern at two years of declining earnings. Dennis Eck, currently second in charge, will take the reins from Jan 1.
        Source: Bloomberg  -  402 words
      • Article
        Lock icon Mercedes denies plans for A-class Thai plant
        147 19 Bloomberg Business News [STUTTGART] MercedesBenz AG, the luxury car unit of Daimler-Benz AG, denied plans to build a Thai assembly plant for its new subcompact A-class models. "Nothing is planned there," said a Mercedes spokesman. Thailand's Board of Investment has received no application
        Bloomberg Business News  -  147 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon UK, US fund managers see Japanese equities in better light
        468 20 Japanese are not as their otgwn market Reuter Fund managers Jpm the UK and the US are fond of the Japanese but that enthusiasm not shared by Japanese fund managers themselves, a survey shows. But all are keen on equities.
        Reuter  -  468 words
      • Article, Illustration
        Lock icon France may split Thomson to speed up sale: Juppe
        459 20 PM stresses industrial logic of his plan for Lagardere to take Thomson-CSF FT [PAßlS] Thomson, the defence and consumer electronics group that the French government is trying to privatise, may be split in two to ensure a speedy sale of its
        FT  -  459 words
      • Article
        Lock icon Microsoft to spend up to US$330m on basic research
        398 20 Software firm fights trend towards applied research NYT [REDMOND, Washington] Defying a trend away from unfettered corporate scientific research, Microsoft plans to increase spending for basic research by 300 per cent in 1997. The increase, which will create the world's largest
        NYT  -  398 words
      • Article
        Lock icon Softbank to take 35% stake in US software firm
        211 20 Reuter [TOKYO] Japan's Softbank Corp yesterday said it will take a 35 per cent stake in US software venture Trend Micro for 3.5 billion yen (5543.4 million). It said payment to TrendMicro, which develops software to protect against computer viruses, would
        Reuter  -  211 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Lock icon China to issue 240b yuan bonds in 1997
          74 21 Reuter [BEIJING] China will issue about 240 billion yuan (Ss4o billion) worth of bonds next year, the Futures Herald said yesterday. China's Ministry of Finance issued a record 196 billion yuan worth of treasury bills and bonds this year. The bonds will
          Reuter  -  74 words
        • Article
          Lock icon Thailand's Bank of Asia cuts rates
          86 21 Bloomberg Business News [BANGKOK] Bank of Asia pic, the fifth smallest among IS Thai-owned commercial banks, cut most of its lending and fixed-deposit rates a quarter percentage point, following moves last week by the large banks. Bank of Asia's new prime lending rate is
          Bloomberg Business News  -  86 words
        • Article
          Lock icon Manila's Urban Bank bids for US bank
          71 21 AFP [MANILA] Urban Bank Inc, a medium-sized Philippine commercial bank, is negotiating to acquire the San Francisco-based Redwood Bank for about US$lO million (Ssl4 million). Urban Bank chairman Arsenion Bartolome said here yesterday. He said a team of experts has conducted a due
          AFP  -  71 words
        • Article
          Lock icon Lanka bank to take over Indosuez branch
          74 21 AFP [COLOMBO] The privately-owned Hatton National Bank (HNB) is due to take over the business of a Banque Indosuez branch in Sri Lanka by the end of the month, the two banks said in a joint statement on Sunday. HNB has reached a
          AFP  -  74 words
      • Article
        Modern firm in US$31m S'pore offshore loan deal
        241 21 Twelve syndication lenders include nine S'pore-based banks [SINGAPORE] Inti Putramodern International Finance (Ipif), the financing arm of Indonesia's Modern group which deals in photo products, banking and property, has raised US$3l million (5543.4 million) from the offshore markets of Singapore and other
        241 words
      • Article
        Lock icon BCCI liquidators to pay US$1.3b
        390 21 Payment to 25,000 creditors today represents of their losses FT [LONDON] Liquidators to the failed Bank of Credit and Commerce International are today expected to pay US$l.35 billion (Ssl.9 billion) to more than 25,000 of the bank's creditors, five years after its collapse. The payment
        FT  -  390 words
      • Article
        Lock icon Tokyo deposits US$ in domestic banks discreetly
        250 21 Reuter [TOKYO] Japanese monetary authorities appear to be continuing discreet deposits of American dollars at domestic banks facing difficulties raising funds in overseas money markets, banking sources said yesterday. "(The authorities) are continuing to provide funds so banks will not face liquidity problems
        Reuter  -  250 words
      • Article
        Lock icon 2 Philippine insurance firms to trade govt securities
        131 21 AFP (MANILA] Two of the Philippines' biggest insurance companies are on the verge of letting accreditation to become direct dealers in government securities, an official said h£re yesterday. Roberto Juanchito director of the Bureau of Treasury, said Ayala Life Inc and Sun
        AFP  -  131 words
      • Article
        Lock icon Swiss Re to buy Italian reinsurer for SF500m
        384 22 Purchase of 49% of Uniorias is second this year for world's No 2 reinsurer Bloomberg Business News [ZURICH] Swiss Reinsurance Co said it will buy Istituto Nazionale delle Assicurazioni SpA's reinsurance unit for about 500 million Swiss francs (***** million) in a
        Bloomberg Business News  -  384 words
      • Article, Illustration
        Lock icon BSN not in a hurry to merge: chairman
        307 22 Bernama [KUALA LUMPUR] Bank Simpanan Nasional (BSN) is not in a hurry to adhere to Bank Negara's call for banks to merge into larger entities as it is a savings bank, its chairman Ahmad Zahid Hamidi said yesterday. He said that as
        Bernama  -  307 words
      • Article
        Lock icon China to have fewer commodities exchanges
        183 22 Bloomberg Business News [SYDNEY] China will have fewer commodities futures exchanges than the present 14 as the new industry becomes more efficient, said Kim Cham, director of China's largest futures exchange. "It is all a natural process of making the marketplace more efficient in
        Bloomberg Business News  -  183 words
      • Article
        Lock icon IBJ cuts its prime rate to record low
        127 22 AFP [TOKYO) The Industrial Bank of Japan Ltd said yesterday it would cut its long-term prime lending rate from 2.7 per cent to an all-time low of 2.5 per cent, effective tomorrow. Two other long-term credit banks the Long-Term Credit Bank of
        AFP  -  127 words
      • Article
        Lock icon Japan mulls disclosure rules for foreign remittance
        295 22 Move to be part of reforms to foreign exchange roles Reuter [TOKYO] Japan is considering imposing disclosure rules on foreign remittances from banks in conjunction with reform of the foreign exchange law, a Ministry of Finance (MOF) official said yesterday. The government is
        Reuter  -  295 words
      • Article
        Lock icon Taiwan SEC blames lawmakers for delay in futures trading
        286 22 Reuter [TAIPEI] Taiwan's financial market regulator yesterday blamed an apparently deadlocked parliament for yet another delay in establishing Taiwan's first futures exchange, which is targeted for an opening next October. "We have decided to delay our target date to open Taiwan's
        Reuter  -  286 words
      • Article
        Lock icon Euro$ rise on short-covering
        239 22 SSMBLReport Reuter [SINGAPORE! Simex Eurodollar futures ended higher on the back of gains in US Treasury bonds in Tokyo trade yesterday as players realised they had over-reacted to comments by Federal Reserve chairman Alan Greenspan last week. "What Greenspan said was just a little bit of
        Reuter  -  239 words
      • Article
        Lock icon CURRENCY REPORT
        155 22 Reuter, AFP THE dollar rallied as much as half a pfenning against the mark as global stock and bond markets recovered their poise. The global stock market slide on Friday, which was triggered by Federal Reserve chairman Alan Greenspan's comments on markets' "irrational exuberance", was reversed in Asia
        Reuter,; AFP  -  155 words
      • Article
        Lock icon Oil traders urge IPE to act tough
        319 22 ENERGY REPORT Reuter [LONDON] Oil traders are demanding tougher, US-style policing of Europe's main energy market after a heated duel between two top dealing houses triggered a sharp slowdown in business. They said the International Petroleum Exchange (IPE) should consider levying fines on
        Reuter  -  319 words
      • Article, Illustration
        Untitled
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        1,250 words
    • Article
      COMMODITY PRICES
      1742 23 8I00M FUTUEB8 Der9 ■MB (Marts cMtaf a* at SJOpa) RSStCMTtACTttcaalito) CIom VolMM OpM M> W# Ltw Sott (toonts) gwg JM 97 176.00 176.00 174.50 900 350 Fit 97 177.00 177.00 177.75 250 1950 Mar 97 ***** 181.00 181.00 50 1675 Apr/Am 97 183.50 225 4200 AM/Sm 97 186.50
      1,742 words
    • Article
      WORLD STOCK MARKETS
      2385 23 LONOON 11 ijl s Net Naca AS Ports 271.400 3 Abbay National 688.600 6.600 A Iliad Domacq 427.400 7 Amac 89.400 unch Asda Group 119.600 2.600 BAT tad 453.400 MCC 266 3.600 BOC Group 897.400 .400 BR Patrotaum 684.400 10.400 BTR 233.2OO Bank of Scotland 290 2.400
      2,385 words
    • Article
      Lock icon TOKYO
      1639 23 Bloomberg Business News Nikkei 225 +327.01 STOCKS rose yesterday, recovering half their losses from the previous day's trading, as investors decided concerns over global interest rates climbing were overblown. Leading the advance were financial issues the same that led the market 3 per cent lower on Friday. Investors pointed
      Bloomberg Business News  -  1,639 words
    • Article, Illustration
      Lock icon HONGKONG
      1662 24 Reuter Hang Seng +4150 STOCKS advanced steadily to close higher yesterday despite concerns over anti-specula tion measures for the territory's booming property rarket, brokers said. "If it were not for the government's (possible) anti-spec ulation measures, we would see a stronger move up," a trader said. The Hang Seng
      Reuter  -  1,662 words
    • Article, Illustration
      Lock icon CHINA
      663 24 Reuter Q Shenzhen B Index +17*36 THE Shenzhen B market soared in heavy trading yesterday, with more Chinese investors rushing into the market, attracted by its recent rises. The B Index surged 17.36 points, or 9.6 per cent, to 198.14, its highest closing level since November 1993. Turnover rose
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  663 words
    • Article
      Lock icon TAIPEI
      406 24 AFP Q VP Index +2122 SHARE prices finished higher yesterday following indications authorities would not depress the bourse in the immediate future. "Investors were relieved by remarks of central bank officials over the weekend that they did not consider the stock market 'overheated' and some players returned to the
      AFP  -  406 words
    • Article, Illustration
      Lock icon JAKARTA
      768 24 Bloomberg Business News n Composite Index +6.46 STOCKS rose to their highest level in six years yesterday as investors bid up shares of banks and forest product companies in anticipation of low inflation and strong corporate profit growth next year. The JSE Composite Index rose 6.46 points to 634.58
      Bloomberg Business News  -  768 words
    • Article, Illustration
      Lock icon BANGKOK
      832 24 AFP n SET Index +12J7 SHARE prices rose yesterday, led by the communications sector on the naming of a former industry executive as Cabinet member responsible for the relevant government enterprises. But trading was volatile, with domestic economic concerns still the overriding sentiment. The SET Index gained 12.57 points
      AFP  -  832 words
    • Article
      Lock icon MANILA
      358 24 AFP □Manila -49.29 SHARE prices fell 1.6 per cent yesterday, following falls in blue chip stocks. The PSE Composite Index fell 49.29 points to 3,090.16. Turnover was 3.9 billion shares worth 1.8 billion pesos. Petron Corp fell 20 centavos to 8.80 pesos, while PLDT remained firm at 1,515. Manila
      AFP  -  358 words
    • Article
      Lock icon SEOUL
      451 24 AFP Q Composite Index -3JH SHARE prices closed lower yesterday, reversing earlier gains amid disappointment over delays in market-boost-ing measures, dealers said. "The market is abuzz with talk of boosting measures, but nothing is in sight yet," said a trader. The Composite Index lost 3.94 points at 692.17. Turnover
      AFP  -  451 words
    • Article
      Lock icon SYDNEY
      632 24 AFP AH Ordinaries ♦2SL9 SHARES surged yesterday as strong bank stocks led a partial recovery from Friday's losses sparked by comments from US Federal Reserve chairman Alan Greenspan. The All Ordinaries Index rose 25.9 points to 2,339.8. Turnover was 254.22 million shares worth A 5495.82 million. BHP rose 16
      AFP  -  632 words
    • Article
      Lock icon WELLINGTON
      275 24 Reuter Q Wellington +o^s LATE buying nudged shares higher yesterday, the eve of an announcement by the NZ First Party of its choice of a coalition partner. The NZSE-40 capital index added 0.25 points to 2,361.17. Reuter Ok 9 US *1- (OOO) ANZ Banking 8.85 -0.1S ***** Advantages Hldqs
      Reuter  -  275 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks up as US rate fears ease
        8507 25 Bloomberg Business News )T9 Composite Index +12.04 STOCKS surged yesterday after fears eased that US interest rates will rise. "The US jobs report showed the growth of the US economy to be under control," said an analyst. Asian stock markets fell on Friday
        Bloomberg Business News  -  8,507 words
    • WARRANTS & OPTIONS
      • Article
        Affin wrts have potential to rise
        3926 26  -  WARRANT WATCH ity Ven Sreenivasan MALAYSIAN finance sector stocks have been in the spotlight in the wake of the Rashid Hussain Bhd-engineered merger of Kwong Yik Bank with DCB Bank. With speculation of more bank mergers and acquisitions swirling around the market, there is
        3,926 words
    • Article
      CLOB INTERNATIONAL
      2435 26 MALAYSIAN STOCKS Gf Gf W,a On Le«tOuo»e On CMv Ytt Net HC« High Low Stno Company SO* COOP) High Lew Buyer S—er Cvr H P/t $mN 625 360 ms 5000 AISBSOc 376 Cd 4 25 378 376 378 398 5.0 4 9 0 4 79 7 385 7
      2,435 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1634 27 TURNOVER 000) VALUC ('000) MaM CI— Totl cn* r«m Industrial 31,623 5,314 36.937 90.223 11,252 101.4T5 Fwanca 4,106 2,031 6.137 51,506 4.6*7 56.173 HotaH 703 245 946 1.960 436 2.396 Propartiw 5.308 2.452 7.760 30,746 2.793 33.540 Plantation 701 701 1670 1.670 Mining 163 163 417 417 Bl* 5.337 2,235
        1,634 words
      • Article
        MAIN BOARD
        4853 27 Gr Gr M Wt 1996 Last Vol Day Last Ouott Oiv Wv YM Net C»e Avg Miflh Law StNo Company Sale (OOOl High Law Buy.r SaMar C'«r P/t Smil Price INDUSTRIALS 5146 ASENTS***** US- 1000 900 ASF US$0.***** US900 885 90.0 214 165 1258 AcerSOc US169 -1 209
        4,853 words
      • Article
        SESDAQ
        1094 27 Qf Qf |y t 191X1 LMt Vd Ply LMt Outfl My Mm YM Ntt Cm a Am «tn> C—p—y nm fffc L*w Guy* Mr Cw P/C SmM Prict SCSOAQ 269 135 t 2000 ABff HkSoi Sc 1 170 *3 4 171 170 170 174 3.0 14 2 01 106
        1,094 words
      • Article, Illustration
        HOT STOCK
        70 28  -  Shiv Taneja THERE may be some upward price movement for Parkway Holdings in the next few days, but for investors with a longer term horizon in mind, the direction is clear southwards. Weekly RSI and Stochastics are at 75, and the directional indicators are looking toppish. There is
        70 words
      • Article, Illustration
        Market starts well, but ends below 2,200 level
        857 28  -  STOCK MARKET COMMENTARY Last Friday's fallont still has an unnerving effect on some investors as they adopt a wait-and-see stance By Ven Sreenivasan [SINGAPORE] Stocks opened yesterday on a promising note, taking the cue from a strong start in the Tokyo market,
        857 words
      • ON THE GRAPEVINE
        • Article
          Some thing will never be known
          69 28 ARE you trying to figure out the US stock market? Don't bother. Even the professionals have a tough time figuring out what's going to happen. Richard Russell's Dow Theory Letters said: "Despite what you read or hear, despite what the experts tell you. no
          69 words
        • Article
          No formal decision yet
          57 28 CDL HOTELS International yesterday said it has not made any formal decision to spin ofT its hotel interests in Hongkong. Taiwan and China and has therefore not made any application to the Stock Exchange of Hongkong for a separate listing. It added that it has not
          57 words
        • Article
          Soaking in the atmosphere
          103 28 PLANET Hollywood is to open soon, and BT has been informed that there will be a star-studded cast of movie memorabilia to grace the walls of the restaurant. Among them: the black handgun of Jack Nicholson's the Joker in Batman, pieces of the destroyer ship from
          103 words
        • Article
          Welcome to buyers' market
          112 28 IS IT a case of giving up the bird in hand for nothing in the bush. Or is the property market drifting south too fast for even the experts? A major property consultancy recently valued a mid-sized apartment at Orchid Park condo at $1.05 million. The
          112 words
        • Article
          No dinner for the press
          98 28 NEWS articles have not been particularly kind to property developers in recent months. Of course, the May 15 anti-speculation measures and its strong impact on the market had a lot to do with it. Still, journalists found that they had not been given a table
          98 words
        • Article
          On the food trail
          98 28 DELEGATES at this week's World Trade Organisation meeting will not miss out on local delicacies, at least not if American Express has anything to do about it. Amex has organised a Culinary Tour which will take the delegates on a gastronomic journey through Chinatown, Little India
          98 words
        • Article
          Celebrating with the Five Cs
          104 28 IF YOU have arrived or think you have you might want to make a beeline for the Ritz-Carlton where they are celebrating the Five Cs in style for the last day today. The five Cs include Dome Perignon Champagne, Hennessy XO Cognac. DavidofT Cigars, Caviar
          104 words
  • Page 17 Advertisements
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      196 17 A K L f m J 1l n g J Ml £k M BBBBKBSBBa While Others Work Hard To Over 8500 Installations Testify That We Make Communications Work For You. To date, Singapore Comm has completed more than 8500 installations in big corporations and small firms all over Singapore. Our
      196 words
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      554 18 Introducing The World's Most Advanced Portable Display System: EXPAND ■hihbhh^H L/g/)f Strong Flexible Versof//e Simple to assemble /jjiffpjH Call 748-9915 for details. SHOWROOM B* 12. Lor Bakar Batu #02-06 HEADOFFICE Blk 8. Lor Bakar Batu Kolam Ayer Industnaf Park, Singapore *****5 #06-01/02, Kolam Ayer Industrial Park. Star Silk Screen Co.
      554 words
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      Page 19 Advertisements Column 1
      215 19 the trip to Europe* seem shorter. kSWSi J n I I H r 7S With an extra 10 inches between rows, you can stretch out farther in our Business Class. QANTMS^ I The Australian Airline. hop: /www qamas.com.au/ r AU^ALIA^ jf jteZSh&mtmf 'i Beauty and the Beast I 5 3
      215 words
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      187 20 KAUBJ -Utile* mmmm —^^—i—^ tftoer. The New 900S Turbo gSEjgg I Saab's Philosophy On Power Management ■vj y -J, H&power you *-.v. ■&s!s# .>_ \i -v '*■<{" V ;-u x I i l ili^d...a ll l r«i. l i 11l "lilriiifiiYiir''- ?-> ...>.*• •.«.> ji iiii 7i',.r- -*<■.« •>♦<• "And
      187 words
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      Page 21 Advertisements Column 1
      149 21 Tung Centre 1,168 sf 3,165 sf Parkway Parade 1,592.48 sf Parkway Parade 15,537.44 sf (enbloc) A-Z Building 1,991 sf to 13,982 sf 174 Paya Lebar Road Short term lease Built-up area: 14,477.58 sf First Capital Property Management Pte Ltd s&: r (A member of Fint Capital Corporation Group) Tel: 437
      149 words
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      Page 21 Advertisements Column 2
      107 21 Indulge in a passion, you don't need to share: Cashmere in Leather. excellently leather as SGGOGR CASHMERE IN LEATHER Frankfurt Milan New York Paris London SEECER BOUTIQUES: SINCAPORE 290 ORCHARD ROAD #01-24 PARAGON BY SOCO SINCAPORE *****9 TEL- *****70 391 B ORCHARD ROAD #01-18 NCEE ANN CITY SINCAPORE *****4 TEL:
      107 words
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      164 22 "Dcmce "Package Dinner Dance Package is sure to make your next company or private success. Even with a minimum party of 50, you can enjoy the best from food to music, to gracious hospitality for as little as $40 a person. 0 k Now to enjoy our special offer! A
      164 words
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      Page 24 Advertisements Column 1
      149 24 I I I 111 n T H—WlTiril fllllll 11)11—MB—IMj. Send JLO flroe faxes today! I I j£lvmajler 4 Got an Internet account...try out J_ Send e-mail to any place in I I Asia One's Fax Mailer where you yVV II continental United Slates from I can send e-mail mam JK
      149 words
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      Page 26 Advertisements Column 1
      32 26 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai 45 TIMES WEEKLY. 45 times weekly. Enjoy gourmet food, vintage French wines and a standard of service that's
      32 words
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      Page 27 Advertisements Column 1
      45 27 rpjß PRECEPT EV SERIES PJJSgT^B EXTRA SPIN Combines the Superior Distance with the Spin and Control of Wound Balls. EXTRA DISTANCE The Ultimate Ball for Distance and Accuracy. amocEsranE ASCENTE SPORTS PTE LTD 12 Little Road #06-01 lion Cheong Ind. Bidg 5(*****6) *****71 Fax: 7227
      45 words
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      Page 27 Advertisements Column 2
      26 27 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A..T.S. at 1800-737-1166. Another Classified Service
      26 words
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      Page 28 Advertisements Column 1
      421 28 TO ADVERTISE CALL TOLL-FREE 1800-741 188 3 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF UME INTERNATIONAL ENGINEERING CO PTE LTD (IN MEMBERS VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that
      421 words
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      Page 28 Advertisements Column 2
      8 28 HOME DECOR For people who love their homes
      8 words
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      Page 28 Advertisements Column 3
      29 28 For real- time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe zaobao.
      29 words
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      Page 28 Advertisements Column 4
      19 28 How to enhance your company profile? T<> liml out. ciill J<m' 71n J j5l <>r IhukiM 7 111 2^\2
      19 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      300 29 Bridge News, Reuter ATLANTIC Panamax rates ended the week higher in both the US Gulf and South America, brokers said. Trading was also steady in the east, where rates continue to firm, although at slightly slower pace. The physical market was firmer with reports of stronger US Gulf/Japan
      Bridge News,; Reuter  -  300 words
    • Article
      MARITIME STOCKS
      296 29 tts '000 htl it *h w CVtT Distribution in *0.01 67 Chuan Hup 0.935 unch 40 Caaca Invastmant 1.48 -0.02 6 FELS 7.10 unch 173 FrataMLMu 0.66 -0.01 1233 St Holdings 0.895 *0.009 44 Hal Sun Hup 0.99 unch 427 Hit act* Zosan 0.82 unch 9 IMC Holdings
      296 words
    • Article, Illustration
      Bangkok, Yangon close to finalising maritime deal
      425 29  -  Possible cross-border link with building of deep-sea port may reduce dependence on S'pore From Alan Boyd in Bangkok [SINGAPORE] Thailand and Myanmar are close to finalising a crucial deal on maritime cooperation that could further lessen the dependency of Thai shipping lines on
      425 words
    • Article
      Hongkong depot owners threaten to shut out trucks
      339 29  -  Move may lead to standstill in China border traffic From David Taylor in Hongkong [HONGKONG] Container truck depot owners in the New Territories, irked by the Hongkong government's Town Planning Ordinance, are threatening to shut out trucks, which could lead to a
      339 words
    • Article
      Lock icon Floating oil tanker storage forecast to increase next year
      227 29 Bloomberg Business News [LONDON] The number of tankers being used as semipermanent floating storage for crude oil and light oil products is expected to climb in the next year after dropping last month from a 12 Vi-year high, a shipping consultant
      Bloomberg Business News  -  227 words
    • Article
      Lock icon Norwegian shipowners act to get more officers
      238 29 Lloyd's List [OSLO] Norwegian shipowners are giving top priority to increasing the nation's seafarers in a bid to alleviate the international shortage of officers. The Norwegian Shipowners' Association is raising 100 million Norwegian kroner (5521.7 million) to help fund the cost of employing
      Lloyd's List  -  238 words
    • Article
      Lock icon China bars 200 ships carrying foreign rubbish
      202 29 Reuter [BEIJING] China has this year turned back from its ports more than 200 ships carrying foreign rubbish, waste or dangerous materials, the Xinhua news agency said. "Since the 1970s some developed countries have shipped large amounts of dangerous goods and rubbish into
      Reuter  -  202 words
    • PORT Shots
      • Article
        Lippo helping to develop Chinese port
        79 29 [FUZHOU] Hongkong's Lippo Group is making its presence felt at Meizhou Bay in Fujian province, one of four nuOor international ports now under construction in China. According to Xinhua, as part of a 10-year economic plan in the province, Lippo plans to help turn
        79 words
      • Article
        A P Moeller sells 5 tankers
        75 29 [COPENHAGEN] Danish shipping giant A.P.Moeller said it had sold five refined petroleum and gas tankers to Germany's Bernhard Schulte group. A P Moeller would not give further details, but Danish shipping magazine Sotfart said that the five 'R'-type vessels sold for a combined US$95
        75 words
      • Article
        Cell for dedicated rescue boats
        76 29 [LONDON] A senior shipmaster and Fellow of the Nautical Institute (NI), Captain Mike Lloyd, has called for all merchant ships to have dedicated rescue boats. The call, made in the December issue of the NI magazine Seaways, follows revelations that a totally enclosed lifeboat on
        76 words
    • Article
      Lock icon German shipowners expect high rate of new deliveries to continue
      207 29 Reuter [HAMBURG] New shipping investments resulted in 130 new deliveries to German owners worth 5 billion Deutschemarks (*****.5 million) in 1996 and this rate of deliveries could be maintained in 1997 and 1998, the shipowners' association VDR said. In 1995,
      Reuter  -  207 words
    • Article, Illustration
      Lock icon Structural limits cap growth
      1149 30  -  MTTMBAI PORT: OUTPACED BY CONTAINER TRADE Low draft, and length and breadth limits for ships are a drag on India's biggest and busiest port, and some officials suggest it should become a feeder port for the nearby Jawaharlal Nehru Port Trust By I Shyam Menon Business
      Business Line  -  1,149 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      302 30 PAGE ft DraftCargo II Ad 11 Eastmal 2 Aeiocean 13 ECl 6 •AMI 3 EES 13 AM« 13 Ethiopian 6 ft Accord 12 Eurohans 6 Ahrenluel 4 Evergreen 6 Appenship 4 famous Astro 3 Austral 11 [oongSon 12 A*ant 6 J BSA 7
      302 words
    • Article
      SHIPPING GUIDE
      15571 36 EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oestn Name Name Number Number A To BINTULU (BTU) 2051 Sarawak, Malaysia To ABIDJAN (ABJ) 2003 «/u 17/12 M siaSh.p bunga butang 9657 65-*****57 Ivory Coast, Cote D
      15,571 words
    • SHIPS IN PORT
      • Article
        COMVEHTIOHAL WHARVES
        699 43 v ss Voy No B«rth Arrival Departure Jvaag Nrt -»W *153 JOS alongside 09.12/2100 1 0U J14 itoogs id* 15.12/1800 M25 J12 alongside 10.12/2300 S«« 20S/96 J06 alongside 0912/1200 W 10/94 J01 alongside 10.12/0300 W *****6 J01 alongside 0912/1615 91 *****6 J01 alongside 0912/1815 MM! 8/96 J01 alongside
        699 words
      • Article
        COHT AIMER SCHEDULES
        1708 43 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Bolwict Rstls Ship Voy No Etb/Btr Period From To From *t« irnodtf OIM 10/1200 U 09/1500 09/1659 09/1900 uuBhom irlr 12/1600 J» nmoo 10/0*59 n/0900 3 10/0700 #/n» io/moo 4 10/1200 I0/M59 10/1700 0*072 13/0400 U 09/1500 04/W9 09/1900
        1,708 words
      • Article
        GLOBAL HOLIDAY
        213 43 DM 10 Thailand: Constitution Day. DM 12 Georgia, Russia Constitution Day. Kenya: Jamhuri Day. Mexico: Virgin of Guadalupe. DM 13 Malta: Republic Day. DM 10 Czech Republic Stock market closed until January 7,1996 inclusive for Christmas/New Year. Bangladesh Victory Day. Bahrain: National Day. South Africa Day of Reconciliation.
        213 words
      • Article
        COCKETT BUNKER MARKET REPORT
        849 43 THIS report, compiled by Cockett Marine OU Ltd. shows price ranges In US dollars instead of single prices for a more comprehensive de script ion of the market. Prices shown are baaed on average-sized stem Market movements are indicated The Cockett Bunker Price Index change and
        849 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        415 43 (tec 5 n-„.: tL 180 990.0 L2 V4.5 0.10 64 0.00 S2J D*"vty Water Iwlte Art SHInt No above £25 0 2 0 0 0 0 M/M 380 Ave 985.0 0J 13.6 0.07 33 0 00 mn %N/H %vm m. £Z "V u 1,3 012 O.oo
        415 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Indian state of Tamil Nadu to set up air freight city
        403 44 Global bids likely to be called next year for venture near airport in Chennai Business Line [CHENNAI] The Tamil Nadu Industrial Development Corporation (Tidco) plans to set up an air freight city in collaboration with the Federation of Indian
        Business Line  -  403 words
      • Article, Illustration
        Lock icon KL's solution to traffic jams
        75 44 [KUALA LUMPUR] Malaysia's Light Rail Transit (LRT) train travelling over the streets of the capital yesterday. Phase one of the service started during the weekend, offering free rides until Dec 16. It is projected to ferry 16,000 passengers per hour per direction. The track stretches
        AFP  -  75 words
      • Article
        Pratt & Whitney continues work on engine for small plane
        237 44 Pratt Whitney continues work on engine for small plane Talks being held on Chinese involvement in the PW6OOO [EAST HARTFORD] Pratt Whitney is continuing product planning and early development work on its PW6OOO engine for the next 100-passen-ger commercial aircraft as airframe companies around the world finalise their plans for
        237 words
      • Article
        Lockheed Martin seeks tie-up in airline inflight entertainment
        200 44 [ALPHARETTA] The Network Connection (TNCX), an advanced technology company, and Lockheed Martin Display Systems (LMDS), are looking into forming a tie-up to coproduce in-flight and cabin management applications. According to PR Newswire, both have agreed to consider forming a strategic alliance to
        200 words
      • Article
        Lock icon Boeing unveils first of 3 new smaller jetliners
        373 44 Bloomberg Business News [SEATTLE] Boeing Co rolled out a new airplane designed to compete with rival small jetliners made by Airbus Industrie of Europe and McDonnell Douglas Corp. Boeing showed off the new jet at its Renton, Washington, plant for the first
        Bloomberg Business News  -  373 words
      • Article
        Lock icon Hongkong air cargo firm may market its expertise abroad
        243 44 HACfTL may also license its air cargo handling software Reuter [HONGKONG! Hongkong Air Cargo Terminals Ltd (HACTL) is considering marketing its knowhow to developing airports around the world, said managing director Anthony Charter. During a visit to Hongkong's new airport at
        Reuter  -  243 words
      • Article
        FedEx in deal to set up depots in 50 US cities
        187 44 [MEMPHIS] Federal Express Corp (FedEx) and Amdahl Corporation have announced an agreement to create FedEx Express Distribution Depots in 50 cities throughout the US. Designed to expand FedEx's existing critical parts support network, EDDs will permit FedEx customers to
        187 words
      • Article
        Airport delays may cause cargo capacity problems
        225 44 [HONGKONG) Airport construction delays could cause cargo capacity problems at Chek Lap Kok airport when it opens in April 1998. Hongkong Air Cargo Terminals managing director, Anthony Charter sounded this alert in a report by the South China Morning Post. He added that
        225 words
      • LOG Book
        • Article
          Lock icon Mercedes may build plant in Thailand
          91 44 Bloomberg Business News [BANGKOK] Mercedes Benz AG, the luxury car unit of Daimler-Benz AG, may build an assembly plant in Thailand to build compact cars for the Asian market, The Nation newspaper reported, citing an unnamed "industry source". The plant would have an annual
          Bloomberg Business News  -  91 words
        • Article
          Lock icon BA declines to put value on its 168 slots
          125 44 Reuter [LONDON] British Airways declined to comment on newspaper reports that the 168 take-off and landing slots at Heathrow that it has to sell in order to merge with American Airlines would earn up to £800 million (Ssl.B billion). "We are
          Reuter  -  125 words
        • Article
          Lock icon Samsung starts F-5 wing programme
          75 44 Reuter [SEOUL] South Korea's Samsung Aerospace Industries Ltd said it has begun manufacturing wings under the US Air Force F-5 fighter jets' structural repair programme. Samsung, a unit of the Samsung Group, said in a statement yesterday that it expects sales of the wing to
          Reuter  -  75 words
        • Article
          Lock icon TNT signs joint venture rail deal
          77 44 Bloomberg Business News [SYDNEY] TNT Ltd, an Australian transport company, has signed a joint venture rail agreement with road, rail and sea freight group Toll Holdings Ltd. The companies will form a consortium to operate rail freight throughout Australia. TNT chief executive David Mortimer
          Bloomberg Business News  -  77 words
        • Article
          Lock icon Syria buys 6 A320 planes from France
          96 44 Reuter [DAMASCUS] Syria has signed a contract with France to buy six Airbus A 320 planes, official sources said on Sunday. They said Syrian and French officials signed the deal on Saturday in the presence of Syrian Transport Minister Mufeed Abdul-Karim. The first
          Reuter  -  96 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1603 44 CITY FU6WT ETA FLIGHT ETO VW74I 1310 VW740 AdalaMa SO230 1815 0F82 2050 HatYai TG407 2120 TG408 0820 OFW 1930 *1895 2155 MI896 1815 kmHtrUm GA897 1145 KL844 0125 Ho CM MMl VN741 1310 VN740 1410 S0329 1525 KL838 2335 GA839 1850 S0174 1415 KL837 1540
        1,603 words
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      Page 29 Advertisements Column 1
      12 29 Mumbai port outpaced by container trade Structural limits cap growth Page 2
      12 words
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      Page 29 Advertisements Column 2
      281 29 Indian state of Tamil Nadu to set op air freight city Venture to be set up near Chennai airport. Back Page Who's Where Qantas' regional general manager in Sourth-east Asia, Roger Lindeman has Singapore. assumes succeeds as manager from Jan Br i New Office Vanuatu Registries Ltd, which markets Vanuatu
      281 words
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      596 30 ISINQAPOBE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) |QULF KARACHTBPM SS(OKX I wr ICMIw I I la SM "ytssa [~vot dmm ju \~7Z cot' an UWSMT »/»l 21/11 21/11 is/11 11/11 HOI KOI 071 M/ 11 01/12 00/12 12/12 1,01 ,UIT 25/11 21/11 27/11 02/12 10/12 DIMAiOAY OK 07/12 01/12 13/11
      596 words
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      Page 30 Advertisements Column 2
      21 30 CD REGALIA LINES ■.■Hi.* i' KEELUNQ, KAOHBIUNQ SINGAPORE TEL: *****68 FAX: *****51 MISS LEE As Agents: LAS AM CARGO PTW LTD
      21 words
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      Page 30 Advertisements Column 3
      7 30 Singapore Business Giving you the winning edge
      7 words
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      Page 30 Advertisements Column 4
      692 30 Lines services represented (imfiK\ MembefS 01 Registry of Accre^rt eO Shipping Agents. S pore National Shipping Assoc, Members ot the U Singapore Freight Forwarders' V Association '^^/u/noxv 3 Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 »Jarrod Leong 740-2089 Philip Koh 740.2382 EXPORT 3 x Japan •2
      692 words
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      Page 31 Advertisements Column 1
      1255 31 PACIFIC SOUTH WEST EXPRESS (DIRECT) Ivpsa I vot m Iswre Isketd lax Idm mm oo ggc ah hounw sa AftCHMA 0141 09/12 11/1? 12/12 27/12 31/12 01/01 01/01 02/01 02/01 01/01 01/01 03/01 tfiaawß om 16/12 10/12 19/12 03/01 oy/oi 00/oi o«/oi w/01 w/01 00/oi o»/oi 10/01 WMWH 0121 23/12
      1,255 words
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      Page 31 Advertisements Column 2
      2408 31 HANJIN SHIPPING USA CANADA' IWINAHL/VOT MM an SIA ITO I TIW TOT I(H WT W M [WW IMM I OPS I NTC 108 TVI TTI TUI TT( TIG H.KAOHSRM6O2AI 11/12 12/12 02/01 04/01 03/01 05/01 05/01 07/01 04/01 87/01 00/01 07/01 07/0) 10/01 01/01 04/01 Ql/Ql 04/01 Q//Q1 Qt/Ql h.
      2,408 words
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      1499 32 <<r DSR-SENATOR mm Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT WW W HTM IMVI MM ftX AMT UtfTl VtSStL VOY ILHA HTM MV HAM FU <KT fuT" CMOYMG CHANCE WF79I 1212 1801 M»1 OS 01 07 01 HOI «01 CHOYMGPMK EH6I 17.11 1111 1111 21 11 22 11
      1,499 words
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      Page 32 Advertisements Column 2
      1173 32 I NORASIA I VESSEL VOY SIN PKL OOA LAS BCL VAL ALQ ROT ANT FEL LHA MSCJASMME (641-3 13T12 12/17 2V12 SI/12 2412 IMI KH K«1 03/01 OMI (Ml NOR KIEL 9649-3 16/12 16/12 03*1 06*1 64*1 12*1 13*1 69*1 16*1 16*1 12*1 WW SHANGHAI 6666-3 2V12 25/12 16*1 15*1
      1,173 words
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      Page 32 Advertisements Column 3
      52 32 FULL CONTAINER SERVICE VESSEL VOY SIN JKT SENANQ JAVA 380SN IN PORT 14/12 SENTOSA JAVA 4MS 14/12 16/12 BOTH VESSELS BERTH AT "Wl* AND "UTC 2" ALSO ACCEPTING CARGOES TO UTC 1 AND BANDUNG OFFERING OPEN TOP SERVICE TO AND FROM JAKARTA JAKARTA AGENT PT. SENTOSA OCEAN LINE TEL; *****84
      52 words
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      Page 32 Advertisements Column 4
      463 32 Direct Container Service to Fangcheng T~~W 1 «*>• Znanjiang S pore Fangcheng UANBAO 17/12 22/12 24/IZ* m tt /VOKTRANS CONVENTIONAL SERVICE TO THAILAND AND MALAY^ BREAKBUUC, RO/RO AND HEAVYUFT ANY WBGHT THAI FLAG STATUS PRIORITY BERTHS Arii Exprtw V.3M 03-25/12 26-24/12 29-30/12 30-02/U Q+-12/12 13-13/12 14-17/12 17-20/!? km Express V.39A
      463 words
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      Page 33 Advertisements Column 1
      1439 33 STRAITS SHIPPING PTE LTD 10 Ho* Chiang Rood #11 -01 Koppol Towers Singapore *****S Tol: *****88 Fox: *****17 SMAH I IRUWiI CONVENTIONAL SERVICE HO CHI MINH FULL CONTAINER SERVICE vb« 1 yot Isw i wit |vtssa vot eta sum) nAHtMnwsi" nM<TSHOft vowi u/12 17/12 I u/n otioffmakabov vh?m u/13 17/12
      1,439 words
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      Page 33 Advertisements Column 2
      1172 33 3 SAIUNGS PER WEEK FOR SINGAPORE EUROPE SERVICE I COSTH SHIMMMCMn* ITO SHEriTOri WAY TEL 224 1900 FAX: *****04 OUTWASD (l/l) *****02 JOHOftE OFFKE: I aIIO-lIWIMM UUS/M65 *****41/41 IMWMO OETT ID/0) *****1S COSTAR AGENCIES (Ml SDH BHD <"S«»/SS T/SHMITDtfT *****25 OMMS lTjltL"-oTlSMI" wSST [STI" SS, T Sf» SKT S, ~S,"•
      1,172 words
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      Page 33 Advertisements Column 3
      426 33 /%/JPERKAPALAN DAI ZHUN If if TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 MCMH+rASTIST TUMSn/ MUAMA-HtIOKITY BttTU /MO CHI MHM-MMCATtD ~7 Ami HIM 11/12 GUOO mm 13/12 GIWI Hill 10/12 GISOON 9690 12/12 GIHO ***** 14/12 GIHUAT ASSO6 13/12
      426 words
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      Page 34 Advertisements Column 1
      1229 34 I EUROPEAJK/SCANDINAVIA/FINLAND/RUSSIA I IMP ROM ANW HBG THP ZEE LHV LHV TUP ROM ANW HBG PKL SGP I I R y_~y IVI2 *M 1 WW 04/TI M/ 01 04/01 E. GIFTED RE-Mt 11/11 13/11 12/11 14/11 IS/11 H/12 11/11 I B s£n MM?* llnl JJ23 1122 12£ U2J JS2J E
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      Page 34 Advertisements Column 2
      936 34 ixpqST I VOYAGI SGf DM AM DM lAH KWT Ml I VtSSU VOTACf DM AW DMM IAM SGf I ISST £SE£ XS 2ft S2! sft Sft u ,wwulo m? rTi? ■UN OMIT 04J4435W 11/1? ?1/1? */l? 31/17 01/ M 31/1? 31/1? UWCMKHI 0431 X)3W 01/12 W/l? 10/1? 11/1? 73/17 M
      936 words
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      Page 34 Advertisements Column 3
      633 34 na> NANTAI LINE FUUY CONTAINERISED SERVICE TC MAURITIUS SOUTH AFRICA EAST COAST SOUTH AMfltfA mSE »0T "~sj~ "mi|[Ml[crT|lUl[«WjWKj^g kIBSR »I'S l|/l? 7VH J»/1J 11/11 13/01 14/91 IMI mwi bubh oin ?i/i? 30/ i? "aytT ;i/ii n/rn mi a^T lIKSfi Olg 14/11 ""jul" 3MI H/9? 04/1? HAMAIWWS PITS 11/11 M/OI H/11
      633 words
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      Page 35 Advertisements Column 1
      778 35 I*6 MYANMA IHBBk FIVE STAR UNE (Myamw National Litt) loading for Y a agon (Rangoon) VKSB VOY SIN KG KN PGO PAGAN 230W 14/12 MALAYSIA AG€HTS: OOUSTUD SHIPPING AGCNCK S MIL m 02-03-*****00 PKL HI 02-03-*****01 PJft: m 02-04-*****02 PGO: HI 02-07-*****21/4 BANK LINE (A strvici of Aadrtw Wwr Shipping)
      778 words
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      Page 35 Advertisements Column 2
      1055 35 A HYUNDAI MERCHANT MARINE CO. LIP. WESTBOUND TO EUROPE BKG: *****32 I PNA I PM I PGO I VtSSH VOY I SM UH FTN fT HAM Mil Kl 12/12 12/12 14/12 HY. (OMMOOOO! JOJW IS/12 Ji7#l ***** SToi STol SToi Vl%\ 10/12 10/12 21/12 NY. FEOEtAI JO2W 22/12 00/01 04/01
      1,055 words
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      Page 35 Advertisements Column 3
      89 35 s&SECIL EAST WEST AFRICA SEMI CONTAINER SERVICE H SN KM 111 m W AUG OIMITUXIS 1/H sto $10 IN FT 14/11 71/11 lOANMIS A ]/V IS/12 25/1J Ot/OI 11/01 77/01 30/01 WOOD PRODUCT SOUTH AFRICA SERVICE u mi vm pig pi mi dm cm EVfO AGSA SA7OI 13/12 11/17 M/l?
      89 words
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      Page 35 Advertisements Column 4
      434 35 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) JAPAN 2 SAILINGS PER J i J r TOKYO MAOOVA. V *****33 J#/ CONTACT JANICE LEE FOR BOOKING P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT QLOBEUNK PTE
      434 words
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      Page 37 Advertisements Column 1
      63 37 To retrieve more schedules, just follow these simple steps... Ste P/^ The document 740-6000^^^^^ M>-vwill be faxed ma M r* M vJr 0 you Press r wj Select the port I \Enter your ste P ""Y nd key 111 the four number 9 M eode Key in your Example: r—'L,
      63 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      494 39 Weekly ICL A FCL PODICaI Services to Caribbean hipping A Central America SI CHAMPION MUNKEBOMASBK 017E 9701 Port Country 10/12 17/12 Belize Cily Belize 13/01 20/01 Bridgetown Barbados 16/01 23/01 Cortagena Colombia 15/01 22/01 Castries St loeia 15/01 22/01 Fort de France Martinique 16/01 23/01 Freeport Bahamas H/01 18/01 Kingston
      494 words
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      Page 39 Advertisements Column 2
      1185 39 ADVANCE CONTAINER LINES (PTE) LTD A I Z 140 Cecil Street, #12-00, PIL Building. Singapore *****0 Lz TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BANGKOK JAKARTA (5 SailingtWerti lo PAT. 3 Sailings to IMT, 2 Settings to LCH) (4 StillMfs/Wsek) Efil T AVTH IQUfIAi AUS VtSSH.
      1,185 words
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      Page 39 Advertisements Column 3
      961 39 |CR NO: **********0Z VESSELS VOY SIN DAMIETTA LE HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWERP VILLEDEVELA VITW ICVI2 21/12 3CVI2 31/12 02/01 03/01 06/01 VILLE DE CAPELLA TttW~ 17/12 06/01 07/01 OftW iSoi 12AM VIIXE OE LIBRA LIOW 24/12 04AM 11W UW tTfli ig*M W-IE D AQUARIUS UIBW 30/12 11A>i 2QW 21/01
      961 words
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      Page 40 Advertisements Column 1
      1598 40 VESSEL VOY SIN JKT I VESSEL VOY MM PgN I EAOLE TIDE- 157 lk.Pt W 1 14/12 B.MAS EMPAT >1»5 I* P» Tu. I_t2/I^M QANTA BHUM 22S Wed 11/12 Sun IVI2 OUBU BHUM »737 Thu 12/12 SM 14/12 NAMTABHUM 324N Tu. mPt St 14/12 WAHA BHUM 3»SsiT" 14/12 TrnT B.MAS
      1,598 words
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      Page 40 Advertisements Column 2
      673 40 mmSSn/ wmAQOHQ umna V wmSAoßT&cS*iwk« vw«t VOT «m jcw |vim j VOT tlw ———jgj PAfu TMU 12/13 MOW[ 16/1 a ■now »tvn I 264CN« THU li/ia MON 16/12 j*r_j«/'2 wed li/ia Bnow spmno |m7cw sun is/12 sun 22/12 cowsistiNCl 1 333 |m 120/12 |TUE [24/12 Beaoie MOON 1140 TMU 26/12
      673 words
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      Page 40 Advertisements Column 3
      263 40 #09-00 NEHSOMS BUILDING 24 PECK SEAH STREET BOOKIN<VeNQUIR?CS GAPORE CfPwO: I OOP *****00W TEL: 323 1133 FAX: 221 4053/56/58 TU|^RWl2WSosBFMjjl^^^^^ VtSSB VOY SJNETA SMfID DCSTUUTXM guusuuan 23/94 ii/ii a/12 piaju/klboam SUN MY 19/94 10/12 12/12 rOMUMK/MEU GUfKHAUO 11/H 12/12 14/12 MGKUUI/NMNG GULF CHAUO 11/H 12/12 14/12 JAUIU/PUUNG GUIfSUUAN 23/% 11/12
      263 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      408 41 I Xo SINO EXPRESS SHIPPING (PTE) LTD. I I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. m 1 TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) Also occepting container cargo to: VESSEI/VOY ETA SIN ETA HKG ETA SHA W/T HKG: Beiiiao. Chiwon. GOOD WELL
      408 words
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      Page 41 Advertisements Column 2
      180 41 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LID IL'-NXn 23. Telofc Ayer Street SINGAPORE *****6 I TEL: *****88 (10 UNES) Fax: *****04 STRAITS/PEMSIAN GULF «E«VICE S'pore PKelang Penang GOLDEN GRACE KaractvOubat/Ktmait 16-19/12 GOLDEN STAR KaracrvDubaiXuvvait 30-31/12 A VSL CNna Ports 1214/12 A VSL Huangpu/Shangha 16-18/12 COHTAIHEE SERVICE S'pore Fangcheng Zhangjiang Hongkong
      180 words
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      Page 41 Advertisements Column 3
      418 41 mjLM MAC-NELS S PORE M'SIA Carrier: MN CONTR LINES, INC I-Iv/V- J cm 120—*****— S46U: (064) *****9 MANILA: (632) *****61 V PENANO: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JKT (21) *****07 MON: (01) *****3 SYD/MEL/BNE/ADL "ANRO JAYAKARTA" V.OBS ETA SIN 12-12-96 ASHDOD/PIRAEUS "CONTSHIP SYDNEY'
      418 words
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      Page 41 Advertisements Column 4
      333 41 For I JOSHUA 12/12 22/12 RdnVAtw/UK/Nan I I AGHtOS MtNAS 25/12 30/12 Rdm/Atw/UK/Nan I 1' Loads E-/W. Mdaysia. tndonesa J Loading for KAVO ALEXANDROS Dubai/A.Dhabi/Bahrain/DamrnafVKu»tot K RAINIER Dubai/A Dtiabi/Bahrain/Damman/KuK&t I ORKUN KALKAVAN Hodeidah/Jeddah/Aqaba/Pt Said I toads Singapore. E7W. Malaysia. Indonesia I I Loading (or 1 PAN QUEEN Los Angetes/New Orleans/Charleston/
      333 words
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      Page 42 Advertisements Column 1
      551 42 Shipping Times i?ISI\ESSCE\TRF 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. .t-: -.r -sv a m. ft Call 740-6000 Press" 1" key in
      551 words
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      Page 42 Advertisements Column 2
      220 42 ehkqes Products Services Turnkey Factory Automation System .-f Automated Storage and Retrieval System Automated Guided Vehicle System (AGV) HW I ncTlliltilS be a privileged MEMBER As a SFFA member, you'll project total professionalism to your clients as you comply with the association's stringent membership criteria. SFFA is committed to upgrading
      220 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      121 43 fc LEGEND Thunderstorm Temperature c X\ V Shower Weather Wmd dwection with speed m knots Rom Cloudy Sky Wove height Surfoee wmds ore indicoted by arrows which fly with the wind 0 ,U# CirC repfeSen,S CO,m r ond vor,ob WOnehoK fleche represent, 5 knots w g M Heche rep( ent
      121 words
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