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Business briefs
TOKYO, Feb 15: Cameras which use the new Advanced Photo System will account for up to 30 per cent of Japan's domestic camera sales in the coming fiscal year, manufacturers predict.
The APS system utilizes film cartridges with which users avoid having to thread film manually through the camera, and several makers have unveiled new lines of small-sized cameras that use the new system.
, Nikon Corp and Minolta Co spokesmen have predicted they will account for up to 30 per cent of sales.
Canon Inc. which operates on a calendar year accounting term, sees APS camera sales accounting for at least 10 per cent of total domestic camera sales in 1996. even though no cameras that *e the new system will be sold until April 22. a spokesman said.
Nikon will offer compact zoom and basic unites on April 22, and a higher-priced zoom model beginning in June.
Minolta, will also begin APS sales on April 22. offering a system camera with changeable lenses and flash equipment as well as another compact camera and photo display equigmmt.^^ one of Japana^top consumer electronics makers. . said Thursday its wholly-owned subsidiary that makes optical discs has developed a new high-speed production system for digital video discs.
The subsidiary. Pioneer Video Corp, developed a system that produces discs at a rate running less than five seconds per disc, a Pioneer spokesman said.
He said the system, dubbed "MARS", can also produce CD and CD-ROM discs.
"As far as we know. It's the fastest system for producing discs." the spokesman said, adding that until now Pioneer produced CD and CD-ROM discs at a rate of between 5.5 seconds and 6.0 seebnds per disc.
Digital video discs are . compact disc-sized storage media which, because of their high storage capacity, make possible the playback of both visual and audio information.
The technology is expected to be brought to market in the autumn.
Foreign Investment in New Zealand comes mainly from North America and Australia, according to a survey by business consultants KPMG, which counters the perception of Aslan dominance.
KPMG said that contrary to the popular perception of an "Asian invasion." 33 per cent of investment comes from North America. 32 per cent from Australia, 18 per cent from Europe and 16 per cent from Asia.
"Many people seem to believes that foreigners have taken over the country, New Zealand businesses are losing control, and profits are pouring offshore," said KPMG's national chairman Don Christiansen.
SYDNEY: Bougainville Copper Ltd. said It has revised upwards the expected cost of reopening the Pan-gtina copper mine on strife-torn Bougainville in Papua New Guinea to up to 450 million US dollars (613 million Au strahan dollars).
Mining has been suspended since civil strife overtook the island in 1989. The Panguna mine was once Papua New Guinea's largest export earner.
The company said Wednesday it has not been possible for staff to visit the mine to assess the condition of equipment but it was believed it would take about 18 months to resume operations at the mine after peace was fully restored to Bougainville.
Bougainville Copper said about 90 per cent of the island had shown some return to normality but the remaining 10 per cent is in central Bougainville around the Panguna mine.
MELBOURNE: The largest exhibition centre in Australia has opened in Melbourne, and potential exhibitors al ready calling for the 97.5 million US dollars (130 million Australian dollar) building to be enlarged.
Opening the centre. Victoria state Premier Jeff Kennett said Wednesday tt was the largest and most technically advanced in Australia and the most modern in the Asia-Pacific region
The Exhibition Industry Association of Australia called on the government to build a bridge between the centre and the World Congress Centre on the opposite bank of the Yarra River
EIAA president Graeme Selby said the new centra would be a powerful stimulus to the city’s exhibition Industry but predicted talks within the next two years on a pos sible expansion
The new centres 323.000 square foot (30.000 square metre), exhibition hall out strips its nearest rival Syd ney's Darling Harbor Exhibi tion Centre, by 54.000 square feet (5 000 square metres)
-source AP