The Business Times, 27 May 1993

Microfilm: NL18528
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times MITA (P) 552/12/92 Thursday May 27 1993 WE KNOW ASIA 75*
    14 words
  • 2am LATEST
    • Article
      Lock icon Bid to let UN troops defend with force
      74 1 Reuter UNITED NATIONS Western powers are asking for wide authority for UN peacekeepers to use force, backed by air power, to defend safe areas for Muslims in Bosnia, according to a circulated document. The latest version of a French-draft resolution before the
      Reuter  -  74 words
    • Article
      Lock icon Bank of England in rescue operation
      70 1 Reuter LONDON Britain's central bank revealed it was forced to prop up a string of small banks during the country's savage recession to avert a financial crisis. In a lifeboat operation reminiscent of the secondary banking crisis of 1973-4, the Bank of England was
      Reuter  -  70 words
  • Article, Illustration
    MARKET SUMMARY
    111 1 Slock market indices WntiMsdiy Change Sill. 1.868.64 +7.90 KLSE Composite 735.39 4 4.02 Nikkei 20.895.99 +264.23 HangScng 7.349.72 -18.46 SET Index 836 16 -7.17 Jakarta Composite ...331.91 +1.27 CLSA China B 1.189.28 7.61 AustAIIOrd 1.717.4 +20 1 FISE 100 2.846.9 9.2 Wednesday Previous noun close Dow Jones 3.519
    111 words
  • Article, Illustration
    Electronics helps S'pore post 7.lpc growth in Ist quarter
    742 1  -  By Alvin Tay SINGAPORE A surge in electronics output powered the Singapore economy to a 7.1 per cent growth in the January-to-March quarter, marginally down from the 7.4 per cent increase in the earlier three months. It was the second consecutive
    742 words
  • Article
    Lock icon Congressional leaders support Clinton on MFN for China
    355 1 AP. AFP WASHINGTON Congressional leaders baeked US President Bill Clinton's policy on trade with China on Tuesday, while other lawmakers demanded that Mr Clinton live up to campaign promises to get tough with Beijing. Mr Clinton was set to announce that he
    AP.; AFP  -  355 words
  • Article
    Lock icon Beijing rejects tying of conditions to trade privileges
    211 1 AFP BEIJING China yesterday categorically rejected any attempt by the US to attach conditions to the renewal of its trading privileges. A Foreign Ministry spokesman said Most Favoured Nation (MFN) trading status, which allows Chinese exports to the US at the lowest
    AFP  -  211 words
  • Article
    Lock icon American dollar hits post-War low against yen
    240 1 Reuter AFP TOKYO Uncertainty about the Clinton administration's stand on exchange rates drove the dollar to a post-World War II low against the yen yesterday. in spite of attempts by the Japanese government to support the greenback. The dollar's troubles began during US
    Reuter; AFP  -  240 words
  • Article
    Lock icon Guangzhou unveils plan for China's biggest airport
    184 1 Reuter BEIJING The southern city of Guang/hou will build China's biggest international airport at a cost of 10 billion yuan (SS2. 1 billion). Xinhua news agency said yesterday. Three highways and an electric railway will link the airport with the city, 28 km
    Reuter  -  184 words
  • Article
    Surging property prices to be queried in Singapore Parliament
    276 1  -  By Lilian Ang SINGAPORE The issue of sharply rising residential property prices will be brought up by Nominated MP Chia Shi Teck when Parliament eonvenes tomorrow. Mr Chia has tabled a question asking National Development Minister Richard Hu to explain the
    276 words
  • Article, Illustration
    Lock icon Pakistani Supreme Court reinstates premier, Parliament
    463 1 Reuter AP AFP ISLAMABAD Pakistan's Supreme Court reinstated the National Assembly and Prime Minister Nawaz Sharif yesterday in a historic decision overturning President Ghulam Ishaq Khan's dissolution of Parliament last month. "The National Assembly has been restored unconditionally," National Assembly Speaker Gohar Ayub Khan
    Reuter; AP; AFP  -  463 words
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      99 1 X Burberrys; Reigns when it pours See Back Pg CONTENTS S'poce News 3 SpweM a^.g.10.1l Regional News 4.5.6 Financial 13.14 World News 7.8 Features Markets Analysis 27 Clob/KLSt. StS 18.19 Editorial 26 Regional 16 Sports 21 World 17 TV/litestyle 23 Currencies 14 Corporate Focus 12 Stmei/Commo .14.15 Subscription M 1800-*****77
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      7 1 The Law Page Importance o/'LCs anil lU.s
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      21 1 Hock lu>ck Siew World Partners: World of benefits Pk9 PAGE 2 How the sectors performed Forecasts scaled back Businesses are optimistic
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      119 1 n Back Pk Accord to regulate listing of Chinese companies in HK, Back Page .^1 W mm ■pr 1 I VIHHI S| 1X39 K SOLE AGENT: Marlei Marketing Pte lid Tel: 734 9696 Fax: 737 6692 Boutiques Centrepoint #01-30 Tel 737 4509 Paragon By Sogo #01-19 Tel 734 9935 Open
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      3 1 I Exdusiv 368
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  • 1 QTR 93 ECONOMIC SURVEY OF SINGAPORE
    • Article, Illustration
      The economy at a glance
      206 2 Electronics output surged 26% But profit margins of disk dnve companies were eroded Record manufacturing investments of $1.2b Output of some industnes shrank: transport equipment, machinery, paints/pharmaceuticals and food Financial services up 7.9% Business services up 5.8% Record daily average forex turnover of USS9I billion
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    • SNIPPETS
      • Article
        Higher capital inflows
        34 2 SINGAPORE posted a 52.3 billion balance of payments surplus in the first quarter, about the same as in the two preceding quarters. The surplus reflected an increase in net capital inflow.
        34 words
      • Article
        Private consumption up
        35 2 PRIVATE consumption rose 6.8 per cent, mainly because of higher household spending on personal transport equipment and recreation. Spending on food also went up. partly offsetting lower spending on alcohol and tobacco.
        35 words
      • Article
        Interest margins at banks stable
        74 2 IN LINE with the lower cost of interbank funds, the average prime lending rate of the 10 leading banks fell to 5.4 per cent at the end of March, from 5.6 per cent three months earlier. Their deposit rates also fell, with the average 12-month
        74 words
      • Article
        Import price index unchanged
        36 2 THE import price index was unchanged, with dearer crude oil and palm olein offsetting the lower prices of integrated circuits, parts for electronic microcircuits, seamless welded carbon steel pipes and dried mushrooms.
        36 words
      • Article
        Where to get the Survey
        28 2 COPIES of the first-quarter Economic Survey of Singapore are available at Singapore National Printers and Times and MPH bookshops at Sl3 a copy.
        28 words
    • Article, Illustration
      Electronics shines with 26pc growth
      569 2 SINGAPORE'S electronics sector grew an impressive 26 per cent in the first quarter of this year, led by strong demand in the communications, computer peripherals and disk drive segments. Continued economic growth in Asia contributed to strong telecommunications sales while the US economic recovery boosted
      569 words
    • Article
      Financial and business sector grows 6.7 pc, poised for further expansion
      415 2 THE financial and business services sector, which grew 6.7 per cent in the first three months of this year, is poised to register even better growth this quarter, largely due to the robust stock and property markets. According to
      415 words
    • Article
      Builders in for a period of slower growth
      334 2 THE construction industry continued its growth slowdown in the first quarter, registering 9 per cent growth over the same period last year. After eight quarters of dou-ble-digit expansion, the industry has posted single-digit growth in two consecutive quarters, suggesting that it has
      334 words
    • Article
      Brakes are on for the transport sector
      355 2 SINGAPORE'S transportation industry is expected to continue growing this year but at a slower rate. Overall, the transport and communications sector recorded a value-added growth of 8.1 per cent in the first three months. While larger volumes of cargo and passengers are being
      355 words
    • Article
      Full-year forecast scaled back
      566 2 What analysts say INVESTMENT analysts and economists were generally happy with the 7.1 per cent growth rate for the first quarter this year, but some have adjusted their full-year growth forecasts downwards to between 6.6 per cent and 6.8 per cent. A number of broking firms
      566 words
    • Article
      General rosy outlook with isolated pessimism
      449 2 What businessmen say SINGAPORE businessmen are generally bullish about sales over the next few months, pinning high hopes on the growing US and Asian markets. But some businessmen are pessimistic, seeing greater price competition and lower Japanese and European sales eroding profits. In a
      449 words
    • Article, Illustration
      External economy accounts for 14.7 pc of total value-added
      581 2 THE Ministry of Trade and Industry has published further figures measuring the size of Singapore's external economy. In an article published with the Ist Quarter Economic Survey. MTI said that foreign operations of Singapore investors contributed 14.7 per cent to the
      581 words
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  • SINGAPORE NEWS
    • Article
      Govt fine-tuning business parks concept to suit manufacturers
      461 3  -  By Lilian Ang THE GOVERNMENT is reviewing its guidelines for business parks to tailor them to suit manufacturers' needs. David Lim, chief executive officer of the Jurong Town Corporation (JTC), told BI recently that discussions were underway to see how the business
      461 words
    • Article
      Commercial rescue service for boaters to begin next month
      210 3 PLEASURE boaters can now be assured of help in a crisis for a fee. The Boat Bureau of Singapore (BBS) claims to be the world's first commercially-run search and rescue team for boaters, and will start its services in June. It
      210 words
    • Article, Illustration
      Lock icon $3m Toto prize is all-time S'pore high
      246 3 NEW condominiums aren't the only things that draw queues in cash-conscious Singapore. The folks pictured here have three million good reasons to line up that's how many dollars they'll win if they hit the jackpot in today's Toto draw. The S3 million first
      Chris Loh  -  246 words
    • Article, Illustration
      Kureha opens $3.5 m service centre
      180 3 KUREHA Chemicals, one of seven downstream operators in the Pulau Aver Merbau petrochemical complex, has opened a new regional technical service centre in Singapore. Managing director K Matsumura recently told BT that the $3.5 million centre, located at the company's Haw Par Technocentre office
      180 words
    • Article
      Singaporean to market Guangdong property
      286 3  -  By A J Leow EVERLIFE Industrial Ltd. a Hongkong-based property firm founded by a Singapore entrepreneur, is holding an exhibition cum sale of residential units in Guangdong this weekend at the Pan Pacific Hotel. About 150 units of the HKS2OO million (SS4I million) Guangdong Oriental
      286 words
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      314 3 /isr COMPUTER AST Jj/remmia'" For security-conscious users KWho will benefit most from AST Premmia? Security-minded executives/companies who wish to have the most secure PC. As AST Premmia provides users with multiple levels of security: AST's Walk-n-Lock provides security Asset Management and SETUP Control whenever you leave your desk BIOS Protection
      314 words
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  • THE REGION
    • ASIA NOTES
      • Article
        Lock icon HK wants details of Sino-British talks
        117 4 AP HONGKONG Hongkong's legislature yesterday passed a motion urging Britain to diselose details of eurrent Sino-British talks on the territory's future. The motion by liberal lawmaker Yeung Sum was passed 25-14 by the 60-mcmber Legislative Council. It ealls on Britain to disclose details after
        AP  -  117 words
      • Article
        Lock icon No direct Taiwan-China flights yet
        84 4 Bloomberg Business News TAIPEI Taiwan officials yesterday tried to ground expectations that talks in Shanghai this week on aviation links between senior Taiwan and mainland industry officials will lead to the lifting of a ban on direct flights between Taiwan and China. Kao Koong Lian.
        Bloomberg Business News  -  84 words
      • Article
        Lock icon Washington dismisses charges
        92 4 AFP KUALA LUMPUR The United States yesterday dismissed charges that former US Marines were involved in a secret plot to take Sabah state out of the Malaysian federation. "To the best of our knowledge there are no former US Marines in Sabah," said Nicholas Mele, a spokesman
        AFP  -  92 words
      • Article
        Lock icon Ramos brings investments home
        49 4 Reuter MANILA President Fidel Ramos returned from a four-day visit to South Korea yesterday bringing with him agreements on fresh Korean investments to the Philippines worth US$45O million (***** million). He said the new investments would be in car assembly, cement manufacture and petrochemicals. Reuter
        Reuter  -  49 words
      • Article
        Lock icon Tension in Tibet eases
        62 4 Reuter BEIJING Tension eased in the Tibetan capital of Lhasa yesterday as police scored a success in their bid to quash two days of anti-Chinese unrest. Lhasa residents started to move around the city's narrow streets and shops cautiously opened shutters that had slammed shut on
        Reuter  -  62 words
      • Article
        Lock icon Seoul deputy minister quits
        69 4 Reuter SEOUL South Korea's Deputy Justice Minister and two senior government legal officials, suspected of taking bribes from a gaming machine kingpin, have resigned. Government officials said yesterday that Deputy Justice Minister Shin Kuhn, Lee Kun Kae, chief of a provincial prosecutors' office, and Jon Jae
        Reuter  -  69 words
      • Article
        Lock icon Jetro to send buying mission to M'sia
        68 4 Bernama KUALA LUMPUR The Japan External Trade Organisation, or Jetro, plans to send a buying mission to Malaysia this year in an effort to increase imports of locally manufactured and semimanufactured goods. Hiroshi Nakano, managing director of the Jetro Centre here, said there
        Bernama  -  68 words
    • Article
      Lock icon Golf course development should not widen social gap: Suharto
      180 4 AFP JAKARTA Indonesian President Suharto has said the increasing number of golf course developments should not prompt social problems in the country, the Antara news agency said yesterday. "Concerning the problems of golf course development, the president asked me to coordinate
      AFP  -  180 words
    • Article
      Bank of Thailand likely to lower growth forecasts
      582 4  -  From Alan Boyd in BANGKOK THAILAND'S central bank is expected to reduce national growth forecasts for 1993 after the release of figures pointing to a slowdown in investment and export earnings. The Bank of Thailand confirmed yesterday that it would bring its
      582 words
    • Article
      Lock icon S'pore, Hongkong, Taiwan economies on the rise: report
      340 4 Knight-Ridder HONGKONG 1 he economies of Singapore. Hongkong and Taiwan are on the rise and should provide good opportunities for regional investors. Solomon Brothers Hongkong said yesterday that, however. markets in China. South Korea. Malaysia and Thailand are seen to have peaked
      Knight-Ridder  -  340 words
    • Article
      Untac rejects predictions that Ranariddh's party will win
      415 4  -  Cambodian polls Reports by Harish Mehta in PHNOM PENH THE United Nations Transitional Authority in Cambodia (Untac) has rejected predictions by two Japanese news agencies that Prince Norodom Ranariddh's royalist party will win the election. Kyodo News Agency and Jiji Press had
      415 words
    • Article, Illustration
      Lock icon Sihanouk willing to accept any form of presidential govt
      363 4 PRINCE Norodom Sihanouk has said he will accept any form of presidential government a strong Americantype or a weaker French-type and he is also willing to accept a constitutional monarchy for Cambodia. Political observers yesterday interpreted this statement as a clear
      Reuter  -  363 words
    • Article
      Lock icon Xanana starts hunger strike, won't seek clemency
      229 4 Reuter SYDNEY Timorese guerilla leader Xanana Gusmao. sentenced by an Indonesian court to life imprisonment last week, has begun a hunger strike and will not apply for clemency. Reports from the underground rebel network in East Timor say Mr Xanana "has refused any
      Reuter  -  229 words
    • Article
      Myanmar seeks closer relationship with Singapore
      353 4  -  By Nirmal Ghosh SINGAPORE Myanmar is hoping to cnhancc its tics with Singapore, the visiting Minister for Foreign Affairs U Ohn Gyaw said here yesterday. This was the object of the four-day visit by a high-level ministerial delegation from the country's ruling State Law
      353 words
    • Article
      Lock icon 3 Thais held for plotting to kill Chief Justice
      259 4 AFP Reuter BANGKOK Thai policc have arrested three men who allegedly plotted to kill the Chief Justiec of the Supreme Court after being hired by a group of businessmen and politieians. Policc general Sawasdi Amornviwatana said yesterday that the arrested were
      AFP; Reuter  -  259 words
    • Article
      PBEC seeking to voice trade concerns through Apec
      401 5  -  From Florence Chong in SEOUL THE PACIFIC Basin Economic Council (PBEC), a grouping of key business leaders in this region, is seeking to voice its concerns about global trading issues through a governmental vehicle. Senior executives of the council, which ended its
      401 words
    • Article, Illustration
      Lock icon A taste of freedom
      44 5 Reuter BKIJING China's 'Special Prisoner Number One" Xu Wenli, 49, kissing his wife shortly after his release from prison yesterday. He was freed three years short of his 15-year term for his part in the 1981 'Democracy Wall' campaign. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Taiwan's boom loses steam as exports falter
      363 5 Mixed fortunes for two 'tigers' Reuter TAIPEI Taiwan's economic boom is losing steam as the weakness of the global economy hurts exports and the government cuts back state spending, officials and private economists said yesterday. The stock market has fallen steeply and the
      Reuter  -  363 words
    • Article
      Lock icon S Korean GNP growth points to recovery
      315 5 Reuter SEOUL South Korea yesterday posted growth figures which government planners and economists said indicated the economy is showing signs of recovery after hitting rock bottom at the end of last year. But critics warned it was too early to judge whether the
      Reuter  -  315 words
    • Article
      Lock icon Beijing pledges to propose cuts in farm import curbs
      238 5 Reuter GENEVA China has pledged to present a plan in July under the tariff-cutting Uruguay Round that would eliminate most of its quantitative limits on farm imports, Gatt Purees said on Tuesday. Major agricultural exporters Australia, New Zealand and Argentina welcomed
      Reuter  -  238 words
    • Article
      Lock icon Japanese leaders call for rise in consumption tax
      480 6 Reuter TOKYO Four years after Japan introduced its 3 per cent consumption tax. government, political and business leaders are calling for a rise in the rate. Japan at present depends on direct taxes for more than 70 per cent of its fiscal
      Reuter  -  480 words
    • Article
      Lock icon Japan's jobless benefit payments up in 1992
      272 6 Reuter TOKYO Unemployment benefit payments in Japan shot up last year with the dismissal of highly paid middle-aged and elderly workers because of the recession, the Labour Ministry said yesterday Preliminary statistics showed total payments in the year to March 31 rose 24.1
      Reuter  -  272 words
    • Article
      Lock icon Japan's Lower House passes 2.19 trillion yen extra budget
      311 6 Reuter TOKYO Japan's Lower House of Parliament yesterday passed the 2.19 trillion yen (SS32 billion) extra budget for 1993/94 ending March that aims to pull the economy out of a two-year slump. The biggest parliamentary hurdle was cleared earlier in the
      Reuter  -  311 words
    • Article
      Lock icon Dawkins shrugs off poor economic data
      425 6 Bloomberg Business News CANBERRA Australian Treasurer John Dawkins has said there is no reason for economic gloom because of one quarter's poor business investment figures. He told Parliament yesterday that the 9 per cent decline in new corporate investment in the March quarter reported
      Bloomberg Business News  -  425 words
    • Article
      Lock icon New Zealand seafood exports up 26pc last year
      301 6 Bloomberg Business News AFP WELLINGTON New Zealand's seafood exports earned NZ$l.3 billion (SSl.l billion) in 1992. an increase of 26.6 per cent over 1991, an economic review of the industry said yesterday. Fishing Industry Board chief executive Ray Dobson said the jump
      Bloomberg Business News; AFP  -  301 words
    • Article, Illustration
      Lock icon Tibetans protest against Chinese crackdown
      44 6 Reuter NEW DELHI An Indian policeman pushing a Tibetan into a police van outside the Chinese embassy here yesterday during a demonstration against China's crackdown on pro-independence protests in the Tibetan capital of Lhasa on Monday and Tuesday. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Public support for Miyazawa government at 21.9 pc: poll
      315 6 Reuter TOKYO Only one in five Japanese backs Prime Minister Kiichi Miyazawa's government, according to a newspaper poll published yesterday. The Tokyo Shimbun daily said the Cabinet rated just 21.9 per cent support in a nationwide poll taken last weekend. This
      Reuter  -  315 words
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      154 4 This announcement appears as a matter of record only ii, 4ft ff BANK OF COMMUNICATIONS US$lOO,OOO,OOO FLOATING RATE NOTES DUE 1998 Arranger Lead Manager A VOCBCMK Oversea-Chinese Banking Corporation Limited Co-Lead Managers BA Asia Limited Commerzbank Aktiengesellschaft Goldman Sachs (Asia) Limited IBJ Asia Limited LTCB Asia Limited The Nikko Merchant
      154 words
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      463 5 BEFORE YOU BUY A NEW COLOUR MONITOR, TAKE SOME EXPERT ADVICE. CONSULT AN OPTICIAN. a Ask any optician about one of the catching features that Eizo monitors offer. most common causes of eye strain and To make adjustments easier, he will tell you it's computers. all the control panels are
      463 words
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      8 6 Asian invasion irks some New /.inlanders. Pg 27
      8 words
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  • THE WORLD
    • Article
      Lock icon US productivity gains point to economic pick-up: Greenspan
      476 7 Reuter DALLAS Federal Reserve ehairman Alan Greenspan said reeent gains in the productivity of American workers may be an early sign that the US is poised for a pickup in its rate of economic growth and a surge in new jobs. While
      Reuter  -  476 words
    • Article
      Delors urges EC heads not to stray from EMU
      295 7 STRASBOURG EC Commission President Jacques Defers urged EC leaders yesterday not to stray from their drive for a single currency and to start thinking now about how a bigger European Community would work. Mr Delors who had held his tongue through
      295 words
    • Article
      Lock icon Nato ministers agree to stop post-Cold War defence cuts
      279 7 Reuter BRUSSELS Nato defence ministers agreed yesterday to halt the frantic pace of postCold War defence cuts because the alliance faces increasing demands for new missions such as peacekeeping. They also said they had completed a huge reduction in Nato's nuclear
      Reuter  -  279 words
    • Article
      Lock icon France to privatise 21 state firms despite opposition
      422 7 Reuter FT PARIS France's new conservative government yesterday outlined a sweeping plan to privatise 21 state companies including airline Air France and car maker Renault. The proposals were announced despite opposition from Socialist President Francois Mitterrand, who pushed through a radical nationalisation
      Reuter; FT  -  422 words
    • WORLD WATCH
      • Article
        Lock icon Let whites play central role: De Klerk
        103 7 FT CAPE TOWN South African President F W de Klerk in effect rejected black majority rule yesterday, insisting that the white-led National Party should play a central role in a coalition government lasting into the next century. In an interview, Mr De KJerk
        FT  -  103 words
      • Article
        Lock icon Clinton keeps out of travel storm
        111 7 Reuter WASHINGTON President Bill Clinton sought on Tuesday to distance himself from the White House travel office storm as officials confirmed that Attorney General Janet Reno was irate about White House contacts with the Federal Bureau of Investigation (FBI) in the controversy. Senate Republican
        Reuter  -  111 words
      • Article, Illustration
        Lock icon Chinese dissident expresses shock
        61 7 AFP UNITED NATIONS Chinese dissident Shen Tong, 24 (centre), besieged by reporters on Tuesday during his news conference outside the UN headquarters. Mr Shen said that he was shocked by the decision of UN secretary-general Boutros Bou-tros-Ghali to prohibit his appearance at the UN building. Chinese
        AFP  -  61 words
      • Article
        Lock icon Canada starts debate on Nafta
        55 7 AFP OTTAWA Canada's House of Commons began on Tuesday a scheduled three-day debate on ratifying the North American Frcc Trade Agreement (Nafta). The government has refused opposition demands to delay the debate and today's scheduled vote until negotiations over US demands for labour and environmental
        AFP  -  55 words
    • Article
      Lock icon Structural changes needed for German recovery: economists
      599 8 IHT FRANKFURT For most Germans, the cornerstone ot the country's strategy to become more competitive, after a decade of easy living, is cutting tat. But as the recession deepens, government and business leaders realise that cost-cutting, no matter how zealous, is insufficient to
      IHT  -  599 words
    • Article
      Lock icon Danes working on new EC farm price compromise
      310 8 Reuter BRUSSELS Denmark was on Tuesday preparing a new plan to settle differences over European Community tarm prices after the EC tarm commissioner rejected an earlier proposal. sa\ing it would undermine measures to cut surpluses. Denmark, which currently holds the rotating EC
      Reuter  -  310 words
    • Article, Illustration
      Lock icon Kennedys in profile
      67 8 Reuter BOS TON Jacqueline Kennedy Onassis (centre) appearing to wipe away a tear while listening to New Jersey Governor Jim Florio speak about gun control on Monday at the JFK Library in Boston. Flanking her are US Senator led Kennedy (left) and her son John F Kennedy,
      Reuter  -  67 words
    • Article
      Lock icon US oil industry divided over Clinton's proposed energy tax
      460 8 Reuter HOUSTON While President Clinton's energy tax appears hobbled by Congressional opposition, the US oil industry is still split over whether to try to kill it or help Mr Clinton forge a compromise they could accept. Snags in the tax plan,
      Reuter  -  460 words
    • Article
      Lock icon Russian regional heads back Yeltsin's constitutional plans
      305 8 Reuter MOSCOW Russia's powerful regional heads yesterday hacked President Boris Yeltsin's plans for a special assembly to draft a new constitution and accepted his proposals as the basis for discussion, a presidential spokesman said. Mr Yeltsin promised leaders of Russia's autonomous republics he
      Reuter  -  305 words
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      175 7 r 300 dpi. Resolution x Enhacement technology ."•v- toner Enhanced PCLS I M tuw^rf^Ml^^^B j*. 1 1 Mb of memory. M Memory Enhancement scalable J3l Breakthrough price $1,199 •"*^fc?)jtta» ifiiiMr 1 Now a laser printer iJ* mH empty wallet. The new HP BUI LaserJet printer. 0-fIHI has the functions expect
      175 words
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      260 8 By the time you finish reading this ad, you'll be tearing it apart. r 1 Frequent flyers, try to contain yourselves and we'll credit vou with M*W bonus miles VN hich means With United's Mileage Plus, you'll soon be flying for you'll be of the way towards a free flight
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  • COMPANIES & MARKETS
    • Article, Illustration
      Wearnes turns around despite electronics unit's poor showing
      428 9  -  By Joyce Quek SINGAPORE Diversified conglomerate Wearne Brothers has returned to profitability sooner than forecast, thanks to its property and leisure business. Unfortunately, its electronics and computer division continued to be a drag on profits. For the half-year to March 31, the
      428 words
    • Article
      PM Holdings hopes to start Hillview project by early '94
      477 9  -  By A J Leow SINGAPORE Listed property developer Pan Malayan Holdings, which acquired two adjoining land parcels at Hillview Avenue for $26.7 million last October, plans to build a 150-unit freehold condominium project at the Bukit Timah site. A company
      477 words
    • Article
      Lock icon Maybank sees greater share in trade financing
      186 9 Bernama PETALING JAYA Malayan Banking Bhd, which is placing greater emphasis on trade financing, expects this sector to contribute 50 per cent to the bank's total yearly revenue in the long term. Maybank's general manager of corporate banking division. Ismail Shahudin. said that
      Bernama  -  186 words
    • Article
      Pan Pacific boosts Yunnan investments with two new joint ventures
      226 9 SINGAPORE Publishing company Pan Pacific Publications (PPP) has increased its investments in the Chinese province of Yunnan. It has entered into Two joint ventures to develop a golf course and a 28-storey building in Kunming. the capital of the southern
      226 words
    • Article
      Singapore Telecom's World Partners venture opens a world of benefits
      718 9  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Singapore Telecom's tie-up with two big boys, American Telephone Telegraph (AT&T) and Kokusai Denshin Denwa (KDD) of Japan, is both a defensive and offensive move. The offensive move comes first. WorldPartners. an
      718 words
    • Article
      RDC shareholders advised to reject Keppel offers
      471 9  -  By Rahita Elias SINGAPORE Conglomerate keppel Corporation is unlikely to succeed in its bid to take over listed Resources Development Corporation (RDC). RDC shareholders were advised yesterday by financial adviser Baring Brothers Co to reject Keppel's offers as they were "not fair and
      471 words
    • Article
      SSL, Nat Steel take 75pc stake in China project
      317 9 SINGAPORE Propertybased Straits Steamship Land (SSL) and Nat Steel Limited will take up a combined 75 per cent equity share in a 525 million marine theme park in Qingdao. The park, to be jointly developed with the Qingdao Tourism Bureau (25
      317 words
    • Article, Illustration
      Lock icon SUMMARY
      350 9 Source: Bridge Info Performance of STII's Index stocks May 26 Last Sens* Indrx Slock sale hsr fai l or mou-r- <*» S S A*into -0(>:0 is: )S (AC 7 000 (I OS* 5 24 8 85 CVrcbos 5-WO UltU 4114 17 70 IAN IMOU -0 VK) 9 05 -Si.
      Source: Bridge Info  -  350 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon Cable TV go-ahead for Wharf unit
          91 10 AP HONGKONG The Hongkong government announced yesterday that it has decided formally to grant VN hart C able Ltd a licence to operate the territory's first cable television venture. A government statement said the decision was taken alter C hina agreed last week on
          AP  -  91 words
        • Article
          OCBC Bank on Goldtron share offer
          73 10 SINGAPORE Goldtron shareholders should not accept the offer by the company's executive chairman. Ong Soon Kiat. to buy over their shares at 72 cents each, said OCBC Bank. OCBC Bank, which is advising Goldtron. said in a statement yesterday that the offer price was
          73 words
        • Article
          Lock icon Kuchai's pre-tax profit falls 37pc
          74 10 Bernama KUALA LUMPUR Kuchai Development Bhd has reported a 37.29 per cent decrease in group pre-tax profit to M 5306.52 million (*****.11 million) for the financial year ended Dec 31. 1992. compared with M 5488.82 million previously. Turnover, however, rose by 0.07 per cent to
          Bernama  -  74 words
        • Article
          Lock icon Granite Ind on land, building transfer
          112 10 Bernama KUALA LUMPUR Granite Industries Bhd said the proposed transfer of its wholly-owned subsidiary Prai Wood (M) Sdn Bhd's land and building for MS6 million (SS3.B million) to Granite is in line with the lattcr's deeision to rationalise its operations. This will be done
          Bernama  -  112 words
      • Article
        Lock icon JB Hyatt Regency Hotel to be completed next year
        574 10 Bernama KUALA LUMPUR The MS 140 million (5587.9 million) Hyatt Regency Hotel in Johor Baru is poised to become one of the most prominent landmarks in the state capital's skyline when it is completed next year. This followed yesterday's signing of
        Bernama  -  574 words
      • Article, Illustration
        Lock icon KL securities body to demand full, timely corporate disclosure
        405 10 Bernama KUALA LUMPUR The Securities Commission (SC) will insist on full and timely disclosure from Malaysian public-listed companies to curb insider trading, its chairman. Mohd Munir Majid. said yesterday. He said the best way to curb such activities was to reduce
        Bernama  -  405 words
      • Article, Illustration
        Lock icon Philippine Airlines' top shareholder may sell his stake: report
        328 10 AFP HONGKONG Philippine Airlines' (PAL) top shareholder. tobacco magnate Lucio Tan. will sell his 33 per cent stake in the Philippine Hag carrier if the price is right, a Hongkong-based weekly magazine said. Mr Tan's brother Harry was quoted by the
        AFP  -  328 words
      • Article
        Lock icon Malaysian Oxygen's interim pre-tax profit falls 1.5pc
        266 10 Bernama KUALA LUMPUR Malaysian Oxygen Bhd (MOX), an industrial gas supplier, has recorded a 1.5 per cent decrease in pre-tax profit to M 525.50 million (5516.1 million) for the first six months ended March 31, 1993, from M 525.89 million. turnover rose 10.8
        Bernama  -  266 words
      • Article
        Lock icon Esso to invest M$ 250m in Port Dickson refinery
        423 10 Bernama KUALA LUMPUR Esso Malaysia Bhd plans to invest an estimated MS2SO million (SSIS6 million) in its refinery capacity in Port Dickson. Negri Scmbilan from this year to 1995, chairman Morris Foster said yesterday. Speaking to reporters after the company's 34th
        Bernama  -  423 words
      • Article
        Tuntex likely to fall short of raising targeted 900 m baht
        419 10 BANGKOK Tuntex (Thailand) Co's plan to raise 900 million baht (5557.6 million) this year is likely to fall short of target because the depressed stock market has forced the company to cut the price of shares being offered to
        419 words
      • Article
        UNIT TRUSTS & FUNDS
        503 10 UNIT TRUSTS FUNDS Managers* picei Ma> 27 Insurance Fund Singapore Unit Trust J 3,5 The t onMmct i 14 w Prudential The Savings Fund 122 128 PruLink Mgd Fund 1.13 I.I"* S'porc Prog Fund 0 57 060 u s*porc sctFund 091 o.« MARA-Bumiputra S'porc Invesl Fund 103 I OK First
        503 words
      • Article
        DIVIDENDS ANNOUNCED
        1345 10 Pa> ment K\ Books Pay dale close date Acma F 7.5 Jun 10 Jun 22 Jul 5 Apollo F 2.$ Jun 21 Jun 25 Jul 1$ Boustcad SO* I 7.5 Apr 22 Ma> 7 Jun 4 B Raya F 3 Ma> 25 Jun 9 Jul 8 Cathav Pac
        1,345 words
      • Article
        Lock icon Sharp's earnings plunge 30pc on poor domestic sales
        412 11 Flat performance expected for current year AFP TOKYO In the second straight year of double-digit plunges. Japan's Sharp Corp said yesterday that consolidated earnings, marred by a domestic consumption slump, tumbled 30 per cent in the 12 months through March. The Osaka-based
        AFP  -  412 words
      • Article, Illustration
        Lock icon Dell shares collapse on profit slump
        484 11 Reuter AUSTIN, Texas Dell Computer Corp's remarkable string of higher earnings reports ended dramatically on Tuesday as the innovative computer retailer's report of falling profits sent its stock into a free fall. Dell, one of the hottest companies in the industry last year, said
        Reuter  -  484 words
      • COMPANY BRIEFS
        • Article
          Lock icon Fanuc profit plummets 44pc
          84 11 AFP TOKYO Japan's Fanuc Ltd said yesterday that its pre-tax earnings slumped a year-on-year 44 per cent to 29.24 billion yen (SS4OB million) in the 12 months through March. The world's top manufacturer of numerically controlled equipment, based in Yamanashi, west of Tokyo, said sales plunged
          AFP  -  84 words
        • Article
          Lock icon KDD's earnings up marginally
          79 11 AFP TOKYO Japan's international telecommunications giant KDD said yesterday that its consolidated pre-tax earnings edged up 0.3 per cent from the previous year to 26.9 billion yen (***** million) in the year to March 1993. The profit was lifted by cost-cutting efforts which offset a 1.7
          AFP  -  79 words
        • Article
          Lock icon Daimler-Benz may cut 15,000 jobs
          68 11 Bloomberg Business News STUTrGART German industrial giant Daimler-Benz AG is likely to cut 15.000 of its 302.464 jobs in Germany by the end of 1993, said chief executive Ezhard Reuter at the annual shareholders' meeting here yesterday. Daimler yesterday said sales in the first four
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Nien Hsing's Nicaragua move supported
          63 11 Bloomberg Business News TAIPEI Shareholders in Nien Hsing Textile Co. one of Taiwan's largest denim makers, hacked a US$2.1 million investment in a denim factory in Nicaragua, a spokesman said. At an annual meeting yesterday, the shareholders also approved a 2.4-for-10 stock dividend for the
          Bloomberg Business News  -  63 words
        • Article
          Lock icon HK jeweller plans Shanghai outlet
          74 11 Bloomberg Business News HONGKONG Jewellery manufacturer and retailer Tse Sui Luen Jewellery said it plans to open its fourth China outlet in Shanghai next month. The Shanghai shop will be 2.(XM)sqft in the Isetan department store and will he the only jewellery concession in the
          Bloomberg Business News  -  74 words
      • Article
        Lock icon UK securities watchdog tightens control
        268 11 Reuter LONIX)N Andrew Large, chairman of Britain's watchdog Securities and Investments Board (SIB), said on Tuesday that it will get tougher to protect investors. "I want to make it more difficult for crooks to operate and I want to root out bad practice and negligence."
        Reuter  -  268 words
      • Article
        Lock icon End for Speyhawk as banks call in receivers
        262 11 Reuter LONDON British property company Speyhawk pic. which had teetered on the brink of collapse for two years, was pushed over the edge on Tuesday when hanks called in the receivers to pay off its multi-million-pound overdraft. Speyhawk's ambition to develop modern
        Reuter  -  262 words
    • CORPORATE FOCUS
      • Article, Illustration
        Lock icon Cheung Kong puts on a new face
        733 12 The Li Ka-shing empire South China Morning Post HONGKONG Although usuallv regarded as a property company. Cheung Kong Holdings' role as an investment holding company has come to the fore in recent weeks. This is thanks to its acquisition of stakes in three
        South China Morning Post; Source Company disclosures Wardley cards, HK stock exchange Assistance from HG Asia; SCMP graphics  -  733 words
      • Article
        Lock icon 24 ... and still growing?
        142 12 24 and still growing? South China Morning Post HONGKONG Cheung Kong's stake in Kader Investment Co. acquired last week with mainland steel giant Shougang Corp. takes to 24 the number of listed companies in the territory in which it has declared equity stakes or convertible notes. This sprawling empire. when
        South China Morning Post  -  142 words
    • FINANCE
      • Article
        Japanese banks to disclose bubble economy losses
        825 13  -  From Anthony Rowley in TOKYO JAPANESE banks have promised to come clean over the massive losses they incurred during the so-called bubble economy period when they begin reporting their 1992-93 financial results today. But the whole truth might be too much for the
        825 words
      • SMALL CHANGE
        • Article
          Lock icon New chairman for finance association
          107 13 Finance SINGAPORE Chee Jin Kiong. executive director of Keppel Finance, has been elected chairman of the Finance Houses Association of Singapore. This is the first time that Keppel Finance has been elected to the chairmanship of the association. Mr Chee replaced Teo Sok Nguang, director
          Finance  -  107 words
        • Article
          Lock icon Bank of Tokyo to open Labuan branch
          61 13 AFP TOKYO Bank of Tokyo Ltd will open a branch on Labuan Island in Malaysia tomorrow to lend foreign currency and offer other services mainly to Japanese companies in Malaysia, a company spokesman said. The move followed the Malaysian government's establishment of an
          AFP  -  61 words
        • Article
          Lock icon Aussie banks in home loan rate war
          101 13 Bloomberg Business News SYDNEY Westpac Banking Corp joined the home mortgage rate war in Australia by announcing a package that it says beats the competition in value. Several hours later, Australia New Zealand Bank became the last of the major commercial banks to
          Bloomberg Business News  -  101 words
        • Article
          Lock icon Fraud plays havoc with bank cards
          77 13 Reuter TAIPEI Taiwan's Finance Ministry has urged holders of over 11 million automated teller cards to change their codes because of an alleged fraud by a computer software engineer. Cheng Jin-long allegedly faked cards to illegally withdraw at least TSSO million from banks around
          Reuter  -  77 words
      • Article
        Lock icon Banks suspend loans for Thai highway project
        241 13 AFP BANGKOK Banks have suspended funding for the second stage of a Bangkok expressway after the private firm created to build the road defaulted on daily interest payments of US$l.6 million (552.6 million), a company spokesman said yesterday. Forty-one banks had offered funding
        AFP  -  241 words
      • Article, Illustration
        Lock icon Israeli police break up counterfeiting ring
        47 13 Reuter JERUSALEM An Israeli policeman held up a set of counterfeit US$lOO bills on Monday after police broke a Palestinian counterfeiting ring. Police confiscated some 200,000 counterfeit shekels (SSI 19,000), plus plates and negatives used to produce fake US dollars. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Creditors of BCCI meet to vote for new committee
        190 13 Reuter LONDON Creditors of the collapsed Bank of Credit and Commerce International (BCCI) will meet for the first time today to vote for a new creditors committee. The meeting. to be held in a north London conference centre, is being organised
        Reuter  -  190 words
      • Article
        Lock icon Weakness of banks slows economic recovery
        430 13 AFP TOKYO Stinginess on the part of Japanese hanks more concerned with fixing the damage incurred during the heady 1980s than with lending is slowing the prospect of economic recovery in Japan and reducing the hanks" activities abroad, analysts say. For the fourth consecutive
        AFP  -  430 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        175 13 THb US DOLLAR opened lower across the hoard, led hy a surge in yen. The dollar had shed over one yen in New York after a treasury report said a rising yen might be a counterweight to Japan's rising trade surplus. Against the SS. the
        175 words
      • Article
        Lock icon London
        190 13 Reuter THE Japanese yen soared in European trading yesterday, leaving the shattered dollar and mark at or near record lows, while gold prices lost early momentum and slipped lower. The Bank of Tokyo intervened overnight but its efforts had little impact on foreign exchange markets. The yen pushed the
        Reuter  -  190 words
      • Article
        Lock icon New York
        83 13 AFP THt DOLLAR continued its slide in early trading yesterday against other major currencies, especially against the yen. At around 1330 GMT. the dollar traded at 108.75 yen against 109.40 on Tuesday, and at 1.6260 marks against 1.6351. Several hours earlier in London, it had traded at 108.48
        AFP  -  83 words
      • Article, Illustration
        Untitled
        1496 13 I ijJ>- 'u mnii J inJt tdltuljh J avdin\t S > tap 14 traJmz [kinini\ ftl'i' l.ii> /W< US$/S$ forward rates Noon May 26 S$ Bid Offer 1-month ***** I 6110 --month 1.6097 1.6112 Vmonth ***** I 61 IS 6-month I 6I0S" 1.6124 (XHl Source: OCBC FOREIGN CURRENCY NOTE RATES
        1,496 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Oil prices ease on fears of lower US petrol demand
        287 14 ENERGY REPORT Reuter LONDON World oil prices eased yesterday on signs that US petrol demand could be disappointing during this summer's holiday driving season. Ahead of the Memorial Day long weekend, when Americans take to the road, the American Petroleum
        Reuter  -  287 words
      • Article, Illustration
        Lock icon All factors in place for recovery of gold price, says chartist
        498 14  -  By Paul Leo SINGAPORE Gold is ready for a hull run. says international chartist David Fuller. After a 13-year hear market, the timing is right for a rebound, he says in the May issue of his newsletter Fullermoney. There
        Source: Bloomberg  -  498 words
      • Article
        Lock icon Latin American producers agree to reduce coffee exports
        265 14 Bloomberg Business News BOGOTA. Colombia Seven Latin American producers representing as much as 65 per cent of world cofTee output have agreed to withhold a portion of their exports. At a meeting over the weekend. representatives of Brazil. Colombia and the five
        Bloomberg Business News  -  265 words
      • Article, Illustration
        Lock icon M'sian firms urged to invest in plantation crops abroad
        232 14 Reuter KUALA LUMPUR Malaysian companies should step up investments in plantation crops, including rubber and oil palm, in other countries to help overcome the country's land and labour shortages, a Malaysian minister said. Primary Industries Minister Lim Keng Yaik said Malaysia
        Reuter  -  232 words
      • Article
        Lock icon Madagascar forced to burn 1,000 tonnes of vanilla
        216 14 Reuter ANTANANRIVO. Madagascar The Madagascar government has sent 1.000 tonnes of vanilla up in sweet white smoke because of a slump in world prices for one of its major exports. Official sources said the stock was burned at Sambava in north-east Madagascar
        Reuter  -  216 words
      • Article
        Lock icon Asian demand for methanol likely to rise by 46pc
        345 14 Router SINGAPORE Asian demand for methanol will rise by 46 per eent to 5.4 million tonnes by 2000 from 3.7 million tonnes last year, an industry expert said. Overall, world growth will show similar percentage gains, rising to 28.1 million tonnes
        Router  -  345 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end steady, Euroyen up
        1518 15 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended little changed, recovering from an early sell-off in late prof-it-taking interest. The benchmark December Eurodollars ended at 95.93 against 95.92 on the IMM previously on some 37.570 lots traded. Simex dealers turned sellers early in the day.
        Reuter  -  1,518 words
      • Article
        Tin up one sen, futures plunge
        653 15 COMMODITY REPORTS Tin THE price of tin rebounded slightlv to close one sen higher at MS 13.69 per kg on the Kuala Lumpur Tin Market yesterday after a new all-time low of MS 13.68 on Tuesday. At the opening level of VIS 13.68. bids
        653 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Cocoa output seen rising 4.lpc
          80 15 LONDON UK trade house E D and F Man has estimated 1992-93 net world cocoa production at 2.32 million tonnes, up 4.13 per cent from the previous season's 2.23 million tonnes. ED and F Man also pegged 1992-93 world grindtngs at 2.44 million tonnes, up
          80 words
        • Article
          China may drop tax breaks
          82 15 KUALA LUMPUR Exporters are rushing to ship palm oil to the southern Chinese ports of Fengchang and Bcihai ahead of a possible end to tax incentives for goods arriving at these ports. China may drop lax breaks given to goods arriving at these ports in
          82 words
        • Article
          Copper prices set to consolidate
          68 15 TOKYO London Metal Exchange copper prices look likely to consolidate near current levels, but the narrow spread between nearby and forward prices could lead to a limited price spike, trade sources in Asia say. LME three-month copper, which dipped to near U551,725 (552.777) a tonne
          68 words
        • Article
          Nippon Mining turns in profit
          69 15 TOKYO Japan's Nippon Mining and Metals Co posted a pre-tax profit of 2.508 billion yen (SS37I million) for its first fiscal vear ending Mar 31, 1993. with results representing business from May 1992. the company announced yesterday. Between Nov 1 and March 31. the company
          69 words
        • Article
          Silver demand to exceed supply
          55 15 NEW YORK Silver demand exceeded total new suppK in 1992. the third consecutive deficit year, and the deficit is expected to grow this year, according to the Silver Institute, l his year's deficit is expected to amount to 143.2 million ounces, compared to a total
          55 words
      • Article
        COMMODITY PRICES
        1746 15 Rubber \la> 26 HAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S ccnts/kg) i. 1 5 mwin Buyers /C a Sellers ("lose Volume Open MS at A noon (J Month High Low Sett (tonnes) Interest RSS 2 Jun 93 129.50 I30.50N Jun
        1,746 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1009 16 +20.1 The share market soared through the 1.7(X) point barrier to a three-and-a-half year high, with gold stocks again showing the strongest gains. The All Ordinaries Index closed up 20.1 points at 1,717.4. I he All Industrials rose 20.5 to 2.650.2. while the All Resources was up 19.9 to
        1,009 words
      • Article
        Manila
        571 16 16.21 Shares rose across the board in a continuing rebound from jast week's decline with high liquidity providing further support. The Manila Composite Index closed 16.21 points higher at 1.608.85 while the Makati Index ended 15.45 points higher at 1.639.84. Analysts had expected oil issues to pace the market
        571 words
      • Article
        Taipei
        549 16 18.23 Share prices ended up but well off early highs in a technical rebound after six straight days of falls. Brokers expected the market to remain weak amid concern about the economy and a lack of positive news. The Weighted Index, which was up 65 points at one stage,
        549 words
      • Article
        Seoul
        427 16 +2.64 The stock market finished higher in a day of mixed trading aided by across-the-board advances but dogged by a sell-otT of financial shares. The Composite Stock Index added 2.64 points to 729.91. "Cyclical buying among large-capitalised shares seems to be over. Investors turned their interest to individual companies
        427 words
      • Article
        New Zealand
        307 16 +2.92 The NZSE-40 Capital Index finished off the session peak, but nevertheless pushed to another year high in a market with good underlying demand but experiencing some profit-taking. The index finished up 2.92 points at 1.640.54, to surpass Tuesday's record for the year on volume of NZ543.9 million.
        307 words
      • Article
        Bombay
        91 16 -33.93 Share prices ended lower as mutual funds sold and worried speculators followed suit. The BSE Index closed at 2.251.69 points, down 33.93 from Tuesday's close. The National Index fell 13.58 to 1.040.76. Some mutual funds with close-ended schemes nearing maturity were selling, a dealer said. Selling pressure from
        91 words
    • WORLD STOCK MARKETS
      • Article
        London
        770 16 +9.2 Equity prices closed higher yesterday, helped out of a narrow trading range late in the session by renewed FTSE futures strength amid selected buying in the blue chips. The FTSE 100 Index closed 9.2 points higher at 2,846.9 on a turnover of 626.8 million shares, an improvement on
        770 words
      • Article
        Paris
        120 16 -0.66 French shares finished fractionally lower after briefly breaking resistance at 1.900 on the CAC-40 Index, as a two-day rally ran into prof-it-taking. dealers said. The government's announcement of its privatisation law and list of candidates for privatisation contained no surprises. The CAC-40 Index ended down 0.66, or 0.03
        120 words
      • Article
        Brussels
        155 16 +4.42 Belgian shares ended about 0.4 per cent up in spite of a 2.2 per cent dip by chemicals group Solvay. Business was quiet and dealers said it was unlikely to pick up in the next few days. The Bel-20 Index closed 4.42 points, or 0.37 per cent, higher
        155 words
      • Article
        Milan
        148 16 -19.0 Italian stocks slumped as worries about a top Fiat executive being under investigation spread to the rest of the market. But the traders said the selling pressure wasn't very strong and that the worries were used more as an opportunity to take some profits. "The market probably needed
        148 words
      • Article
        Stockholm
        126 16 -4.68 Swedish shares closed lower as market sentiment moved against any expected upturn in the European economy, puncturing early hopes of an expected rally, traders said. The blue-chip OMX Index fell 4.68 points to close at 848.15. Forestry groups SCA and Stora accounted for 0.92 points and 0.67 points
        126 words
      • Article
        Frankfurt
        148 16 +3.82 German shares ended a thin trading session slightly up from Tuesday and dealers were optimistic that prices would continue to rise later this week. Dealers said the technical stability of the market in the last two sessions had given rise to cautious optimism. The DAX Index ended at
        148 words
      • Article
        Zurich
        179 16 +3.9 Swiss shares ended slightly higher yesterday. The broad SPI Index closed 3.90 points higher at 1.400.5, just above the 1.400 resistance line. The blue-chip SMI Index added 3.80 to 2.247.6 after it briefly rose above resistance at 2.250. Zurich Ma> 2* IrMrs \luMiiv«r Bi I Bnmn Bmfli Bi
        179 words
      • Article
        Amsterdam
        248 16 +0.89 After a weak start. Dutch shares were buoyed by a firmer tone on Wall Street and professional buying helped them end ahead, but volume was quite thin. Talk of a rise in US interest rates and hopes of another Dutch rate cut underpinned prices, dealers said. Higher US
        248 words
      • Article
        Johannesburg
        332 16 •11 Shares closed slightly higher after easing back off the day's highs in late afternoon trade as the price of gold slipped amid fears of large-scale trade selling overseas. "The market was inhibited by talk of a big Comex option close-out and fears of large-scale selling overseas," a dealer
        332 words
      • Article
        Toronto
        240 16 +23.91 Stocks gained strength in the late morning to trade higher at midday, boosted by firming financial services and transportation sectors. "Overall. I think there is still some optimism surrounding our market." one broker said. The TSE 300 rose 7.56 points to 3,867.47 at midday with 35.1 million shares
        240 words
      • Article
        New York
        576 16 +8.85 A strong performance by some computer and software issues kept Wall Street stocks marginally higher at midday. But the high-technology group was a mixed bag as investors sold weak stocks to buy strong ones, analysts said. "A lot of hot money is selling weak techs to get
        576 words
      • Article
        Untitled
        607 16 Vienna \hr* 26 Wh Ti M l«» -15 Bank \u>li»jlPl 4 ,>nxj.iniu Junfhun/I I cn/in* Lrtluoi Sioi'i l> I* siuhjy I :H WKHCltVlf 4 Source: Credit Lyonnsis Sec Asia Nasdaq Ma* 25 I SS \dofph <mr% Bio* in* 1' ""Si O 175 XppVr < iHnpulcr LlJ -I hjinnnfc sh«*»pi*N 2*«*
        607 words
    • Article, Illustration
      Lock icon HONGKONG
      3087 17 Reuter SHARE prices in Hongkong closed easier yesterday on profit-taking but light bargain-hunting lifted the blue-chip index off its lows for the day. brokers said. "Aggressive buying in the last few days became slower as investors are not too bullish at present levels." said Samuel Lau. research manager at
      Reuter; Source: Bridge Info  -  3,087 words
    • Article, Illustration
      CHINA
      476 17 BOTH the A and B markets in Shenzhen stumbled yesterday. The CLSA Shenzhen A Index edged 54.18 points lower to close at 2.447.99. The B market closed mixed with a very low turnover of US$l3O,OOO. Mixed movement pushed the CLSA B Index a slight 0.12 of a point down
      476 words
    • Article, Illustration
      Lock icon TOKYO
      2600 17 Reuter STOCKS ended higher and the Nikkei Average finished at its day's high on last minute indexlinked buying. Purehases eentred on selective laggard issues with good earnings, while export-relat-ed blue chips were avoided amid the higher yen and lower profits. "The market was less concerned about the yen as
      Reuter; Source: Bridge Info  -  2,600 words
    • Article, Illustration
      Lock icon BANGKOK
      1677 17 Reuter STOCKS closed lower after a sale of a big lot of Bangkok Bank shares triggered a sell-off in late afternoon trade. The SET Index dropped 7.17 points to close at 836.16 on a thin turnover of 2.27 billion baht after spending most of the day drifting in listless
      Reuter; Source: Bridge Info  -  1,677 words
    • Article, Illustration
      Lock icon JAKARTA
      1075 17 Reuter SHARE prices closed higher in active trade despite some profittaking. The Official Index rose 1.27 points to another year's high of 331.91. Volume was boosted by big cross deals in Intan Wijaya. Bank Internasional Indonesia. Indorama and Pan Brothers. Tjiwi Kimia rose 225 rupiah to 3.350 on heavy
      Reuter; Source: Bridge Info  -  1,075 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2734 18 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Kcnong Bhd MV J4.440.00U Mctruplcx ><X 23.723.000 Undmark> Bhd 13.292.000 I'romct 11.043.000 FACBMK 10.146.000 Bcrja\a Ciroup 10.048.0110 Simc Darty, 50c 5.816 000 Fabcr Group .5.206.000 AMDS MX 4.3*4.000 Pcgi NImj 4.214.000 Ml I 41)05 000 Bedford SK. 3.000.000 Idri*
      Source: Bridge Info  -  2,734 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Situational interest drives market higher
        5476 18 Bernama SHARE prices in Kuala Lumpur closed slightly higher yesterday as situational interest helped maintain initial gains. The KLSE Composite Index closed 4.02 points up at 735.39, the Industrial Index ended 5.11 higher at 1,271.31 and the AllShare Emas Index added 1.79 to 204.87. Advancing
        Bernama; Source: Bridge Info  -  5,476 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Foreign funds help to keep market buoyant
        1055 19  -  By Dexter Lee SINGAPORE Share prices rebounded yesterday as foreign fund managers returned to the stock market to pick up local blue chips. Dealers said buying interest from American fund managers took many Singapore quality stocks to the top of the price gainers
        Source: Bridge Info  -  1,055 words
      • Article, Illustration
        Lock icon Malayan Banking
        67 19  -  HOT STOCK Quak Hiang Whai THE upside potential for Malayan Banking looks very li inited. Its daily, weekly and nionthly RSIs are hovering around 75. suggesting an overl> ought situation. However, it broke through S7 yesterday, w liich could be a positive sign. a I. On the downside,
        SOURCE: BRIDGE INFO  -  67 words
      • Article
        Untitled
        6197 19 MAIN BOARD Gr Or i wr«l Last Vol Day U*» Ow*t Dt» Dh VI M, c High Low Contp*n> Sale C000) High Lo» B«)ct Of P/E $iia INDUSTRIAL AND COMMERCIAL 770 70 Acma 710 cd +20 956 710 680 710 715 12.5 2.1 J 30 7 489 3 mS 153
        6,197 words
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      286 9 GOODS AND SERVICE TAX (GST): PEfSB MAKING IT WORK WITH COMPUTERS With the impending introduction of GST on 1I st Apnl 1994, this is an opportune time for companies to understand how GST will impact business operations such as cost accounting, customer order processing, procurement, companies which currently have computer
      286 words
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      94 10 IBUSINESS LAWI A Critical Training course for al senior decision makers! Detailed Sessions Focusing ont THE LAW OF CONTRACTS a NEGOTIATION OF CONTRACTS a PROTECTION OF SHAREHOLDERS a COMPANIES PARTNERSHIPS MANAGEMENT CONTROL A DIRECTORS' DUTIES LIABILITIES a THE RIGHTS OF CREDITORS Update yourself ont Your Duties and Responsibilities as Director/Shareholder
      94 words
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      15 10 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region Everyday. Businesslimes
      15 words
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      253 11 @EO@S The 1993 ENDEC Entrepreneurship Excellence Award Your Chance To Reward Entrepreneurial Excellence In The Singapore Business Community. The 1993 ENDEC Entrepreneurship Excellence award is nominate her/him for the 1993 ENDEC Entrepreneurship an annual award established by the Nanyang Technological The Presentation Excellence Award. Please mail or fax your nomination
      253 words
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      165 12 11 AM JUNE 18 1993 SIS 351 Collins St. Melbourne **********2S **********22 "Stock' Exchange I louse" Former home of the *****2222*«»- Australian Stock' Exchange in Melbourne. MWM «Mt**«t«t*««*22 H 23 level, modem, office tower. *****2355».3w 6 Podium floors (itulntlitu; a hup 5-********** Trading Floor) and upper floors of 512 sq.m.
      165 words
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      Page 12 Advertisements Column 2
      146 12 Successful executives possess an innate ability V to derttfy opportunities m a competitive world BMR In Singapore they choose the 245-room ESV" k KlSflK Melta at Scotts. recognising the advantages a *ine location and first class service bring Hyl7 jMTOyf They enjoy the privileges of the Servcio Heal executive floor
      146 words
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      1394 14 /G\ KIAW AIK HANG FINANCE COMPANY LIMITED I lat (Incorporated in Singapore) \f\y 157, SOUTH BRIDGE ROAD, SINGAPORE 0105. TEL: *****66 1 98 148 BALANCE SHEET December 31,1992 ToU 6.239 3324 Note* 1W 1991 Third parties 3 $*000 $'000 Related company (Note 3) Current assets: Related party (Note 4) Z
      1,394 words
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      Page 15 Advertisements Column 1
      279 15 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 n ISLE OF MAN 3 BAHAMAS a JERSEY n BELIZE LIBERIA 1 COOK ISLANDS H MADEIRA 1 DELAWARE
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      Page 15 Advertisements Column 2
      2 15 nm~] jjnsjj
      2 words
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      Page 17 Advertisements Column 1
      57 17 Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 *11 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Palais Renais&ance Tel. *****62/543 Raffles Tel. *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel. 03-*****20/932 JhUCITINBM^^ Yow Chuan
      57 words
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      77 18 THE WORLD YOU MADE A RpmjH KILLING IN THE STOCK MARKET. Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel *****51 DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore 0923 frjjj Tel: *****00 CENTREPOINT 176 Orchard Road #01-05/06
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      57 19 Singapore:THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 TH Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 i Malaysia: THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel. 03-*****20/932 Yow Chuan Plaza.
      57 words
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      933 20 On a good day of golf, you could walk away with a trip to France, play in the prestigious Trophee Lancome Paris Golf Tournament, jUJHIk and drive away a brand new j Vlercedes-Benz 190E 2.0 Automatic! MOOM Friday, 28 May 1993. Tanah Merah Country Club, Tampines Course IST TEE 10TH
      933 words
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  • SPORTS
    • Article, Illustration
      15 top S'pore pros to play in BT-Lancome tournament
      419 21  -  Golf By Shahiron Sahari SINGAPORE Bill Fung, who shot the tournament low score at last month's Dunhill Cup qualifiers in Taiwan, is one of 15 top local professionals playing in tomorrow's Business Times-Lancome 17th Anniversary Golf Tournament. Fung, along with fellow
      419 words
    • Article
      Lock icon Becker trounced by unknown Frenchman in straight sets
      480 21 French Open AP PARIS Rodolphe Gilbert of France shocked fourth-seeded Boris Becker with a straight-set upset yesterday in the second round of the French Open. Gilbert's 7-5. 6-3. 7-5 victory was the second stunning surprise in two days for a little-known Frenchman.
      AP  -  480 words
    • Article, Illustration
      Lock icon Knicks beat Bulls to remain masters of Madison Square Garden
      1026 21 NBA playoffs NYT NEW YORK With the Chicago Bulls mounting a furious comeback in a crucial playoff situation, John Starks made a spectacular dunk, Charles Oakley dominated both backboards, and the New York Knicks remained masters of Madison Square Garden,
      NYT  -  1,026 words
    • Article
      Lock icon When even Michael Jordan is not enough
      556 21  -  By George Vecsey NYT NEW YORK It can't be this simple, can it? Actually, maybe it can. Scottie Pippen may not be there, and Bill Cartwright isn't going to regain his youth on the flight back to Chicago, and his replacements are not
      NYT  -  556 words
    • Article
      Lock icon Barkley's light at the end of the tunnel
      357 21 NYT PHOENIX Late on Monday night, half the Phoenix Suns frequented a pretentious sports bar called "Majerle's". Dan Majerle is the owner, the bartender and the Suns" starting guard, and he hopped on a stool at about midnight to say, "Shush, everyone.
      NYT  -  357 words
    • SIDELINES
      • Article
        Lock icon Phuket site for Johnnie Walker Classic
        127 21 Prism HONGKONG The 1994 Johnnie Walker Golf Classie will tee off in Thailand at one of Asia's top new eourses. the Blue Canyon Country Club on the island resort of Phuket. The Classie. from Feb 3-6. will boast increased prize money of t6(K).(KK) (5i.49
        Prism  -  127 words
      • Article, Illustration
        Lock icon Parallel action
        46 21 Reuter CLEVELAND. Ohio Texas Rangers' third baseman Dean Palmer leaping for a wide throw from cateher Ivan Rodriguez as Glenallen Hill, of the Cleveland Indians, slides in with a stolen base. Action took place in the fourth inning of their game on Tuesdav. Reuter
        Reuter  -  46 words
      • Article
        Lock icon Maradona misses charity game
        106 21 AP BARCELONA Argentine soccer star Diego Maradona failed to line up for an anti-drug charity soccer game on Tuesday after he missed a plane scheduled to take him to this north-eastern city. Maradona had been billed as one of the star attractions of the Spanish league
        AP  -  106 words
      • Article
        Lock icon China and Denmark win easily
        106 21 AP BIRMINGHAM China and Denmark scored easy victories in their Group One Sudirman Cup matches on Tuesday on the opening day of the World Badminton Championships. Only China's Wu Wenkai in the men's singles was made to struggle in a 5-0 sweep of Sweden in
        AP  -  106 words
      • Article
        Lock icon British Lions beat NZ North Harbour
        104 21 Reuter AUCKLAND The touring British Lions rugby team ran in four tries yesterday to beat New Zealand's North Harbour 29-13 in a scrappy match that flared briefly into ugly violence. The Lions, winning their second successive tour match, grabbed two early tries through fly
        Reuter  -  104 words
      • Article
        Lock icon Lineker calls J League schedule hectic
        84 21 Reuter TOKYO The Sikkan Sports Daily reported yesterday that former England striker Gary Lineker. 32. complained the new professional J League's schedule of two weekly matches throughout the season is too hectic. His complaint earned little sympathy from Narumi Nishigaki. managing director of Nagoya
        Reuter  -  84 words
      • Article
        Lock icon India wants better cricket ties
        78 21 AFP NEW DELHI India wants to improve its strained cricketing ties with Pakistan and the Sharjah-based Cricketers Benevolent Eund Series (CBFS). the country's cricket chief said yesterday. Madhavrao Scindia. president of the Board of Control for Cricket in India and a senior member of India's
        AFP  -  78 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Badminton
        90 21 AP BIRMINGHAM. England Sudirman Cup round-robin team event first day on Tuesday Group 1: Sub-Group A: China b Sweden 5-0. Sub-Group B: Denmark b England 5-0. Group 2: Netherlands b Malaysia 4-1: Thailand b Japan 3-2. Group 3: Russia b Canada 3-2: Scotland b Australia 3-2. Group 4: New
        AP  -  90 words
      • Article, Illustration
        Lock icon Baseball
        67 21 Reuter NEW \ORh Major l>eague on luesdav American: Texas 5 Cleveland 1: Detroit 4 Boston 1: New York I Baltimore 0: Toronto 4 Milwaukee 2: Kansas City 3 Chicago 2: California 6 Seattle 3: Oakland 3 Minnesota I. National: San Francisco 5 Chicago 4: Atlanta 5 Cincinnati 0: Montreal
        Reuter  -  67 words
      • Article, Illustration
        Lock icon Tennis
        366 21 AFP PARIS Kreneh Open results yesterda) denotes seeded plater) Men's singles 2nd round: Jordi Arresc (Spn) b Todd Woodbridge (Aus) 4-6. 6-4. 3-6. 7-5. 6-0. JcIT Tarango (US) b Olivier Delaitrc (Fra) 6-4. 6-2. 6-4. Rodolphe Gilbert (Fra) b Boris Becker (Ger \4) 7-5. 6-3. 7-5. Jim Courier (US
        AFP  -  366 words
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      880 22 NothingßeatsAßwl« s^.'fll wmere t whi > |ne and entertain KS&A "Heavenly" Feast Scrumptious Sichuan cuisine. Rich piping hot steamboat. •Delicate Yanazhou Dianxian. Mon Sat 11.30 am to 2.30pm Sun 10.30 am to 2.30pm KtagsH King's Hotel Clarion. A Member of CDL Hotels. Havelock Road. Singapore 0316. Tel. 733 0011 I
      880 words
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      Page 22 Advertisements Column 2
      322 22 Delectable Yoag Doa-Fa Baffet at GuHttboi every Satarday aad Saaday. 12.30 pa to S pat $14.50 per peraoa Jlso++ per child (below 10 yta) Mezzarme Saaiptaoaa Coatiaealal Local Afteiaooa Tea spread at Mezzaaiae Loaage. Dally. 2 pai to 6 pai $16.00 per peraoa $10.00++ per child (below 10 yra) 1H
      322 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Spoofing Washington
      1151 23  -  Bernard Weinraub reviews a movie that is decidedly uncynical and talks to its screenwriter Bernard Weinraub NYT THE long-running attraction between Washington and Hollywood has often proved fatal when Hollywood struggles to make movies about Washington. "The trouble is Hollywood often treats Washington cynically," said Gary Ross, the
      NYT  -  1,151 words
    • Article
      Lock icon Updike breaks vow
      291 23 CHATTERBOX UPI Reuter Reuter AUTHOR John Lpdike broke a vow on Sunday he gave a commencement address. Updike told more than 4.000 graduates at the University of Massachusetts-Amherst that during his "avant-garde beginnings", he had vowed never to deliver a commencement address, but after listening to many
      UPI; Reuter  -  291 words
    • Article, Illustration
      US$ 57m gift for museum
      38 23 The Metropolitan Museum of Art in New York announced on Tuesday the US$57 million (Ss92 million) gift of Wheat Field with Cypresses, a V incent van Gogh masterpiece from publishing magnate Walter Anncnbcrg
      38 words
    • Article, Illustration
      Lock icon Unauthorised Jagger tells about rocker's conquests
      394 23 AP IF a new book is to be believed. Mick Jagger's list of sexual conquests reads like a who's who of popular music, with Rudolf Nureyev, Princess Margaret and Andy Warhol thrown in for good measure. Eric Clapton, David Bowie. Madonna and Carly Simon
      AP  -  394 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1242 23 TV RADIO —nn:«n:mtwm Murder Do Us Part, i t Meredith Baxter-Birney is a .^fi-"-loyal wife who helps her lawyer I husband succeed in his career. When the ungrateful man tries y f to leave her fkr his sexy new r H 2 V secretary, she trades in the jf, apron
      1,242 words
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  • INNOVATION & TECHNOLOGY
    • IT TAKES
      • Article
        Nissan introduces rear-seat airbag
        112 24 JAPAN The challenge facing car makers today is how to improve on the already substantial safety features found in today's cars. After incorporating more rigid car structures, anti-lock brake systems, seat belts and front-seat airbags, what could car makers possibly think of next? How about a
        112 words
      • Article
        Lock icon End to slaughter of elephants for ivory?
        105 24 NYT NEW YORK Experts at the Rensselaer Polytechnic Institute in Troy, NY, have devised a synthetic ivory with a feel and a microscopic structure closely resembling those of natural ivory. Satisfied concert pianists are already playing on keys made of the substance. A
        NYT  -  105 words
      • Article, Illustration
        Meeting of intestine transplant patients
        53 24 PITTSBURGH Laura Davies of Manchester, England, beat everyone to the dessert table during a reunion of the world's first successful small intestine transplant patients at the University of Pittsburgh on Tuesday. Davies received a new liver and small intestine in a rare life-saving operation in
        53 words
      • Article
        Lock icon Breakthrough in fight against bovine TB
        97 24 AFP WELLINGTON Agricultural scientists in New Zealand have made a significant breakthrough in the fight against bovine tuberculosis, that is, the strain of tuberculosis affecting cattle. They say the parallel with work by American scientists on human TB genetic research, could lead to the
        AFP  -  97 words
    • Article, Illustration
      Singapore's 'elephant' inventor
      668 24  -  Helen Chang speaks to Dr Kheok Soon Chin on his elephant receiver which Vie believes will revolutionise the way drain pipes are installed Helen Chang A LITTLE white plastic tube will serve as the ticket to China for Dr Kheok Soon Chin. Dr Kheok is the inventor
      668 words
    • Article
      Lock icon Are heart diseases contagious?
      549 24 AP IS HEART disease catching? Could there be a heart attack bug? A germ that passes from person to person and triggers the biggest killer of the Western world? It sounds ridiculous. Everyone knows bad hearts arc brought about by high cholesterol, slothful living, high blood
      AP  -  549 words
  • Page 24 Advertisements
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      724 24 B U SINESS TIMES wm.mmmmmm T nr»i-i¥-< m¥->¥ T 1 O A f\ f\ A O 1— A "W -TO A 1/AO 1 W LfL, 1 IX t-j U 1 UiL/. 1 "O vu J VUT J *r»/\ I —r jvi y u IN THE MATTER OF THE COMPANIES ACT,
      724 words
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      Page 24 Advertisements Column 2
      141 24 MARITIME m CHALLENGESm A Special Business Times Supplement June 29, 1993 The maritime industry is a key element of the Singapore and regional economies. But maritime companies face stormy seas. Shipping lines are plagued by depressed rates and over-capacity in some markets. At the same time, oil spills have focused
      141 words
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  • THE LAW PAGE
    • Article
      The importance of LCs and BLs
      1250 25  -  A recent case in the High Court demonstrates the price of not paying sufficient attention to these documents. Ramesh Divyanathan reports. Ramesh Divyanathan INTERNATIONAL trade relies heavily on a system of documentary credits, where goods are often paid for on the presentation of certain
      1,250 words
    • Article, Illustration
      Lock icon More Japanese women turning to law
      337 25 They are disillusioned with the male-dominated business world Asahi News Service MORE Japanese women are qualifying as lawyers, and a legal scholar says one reason may be their perception that they are being shut out of other professional opportunities. The percentage of women who
      Asahi News Service  -  337 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      151 25 -«5g Sag B (HeofiAfch fg| MK tehasltsßewatd|J^g§ Glenfiddich Privilege Card Entitlement: 1) invitation to our special offers (will notify 'V you by post) 2 2 2) On the day of our special offer Souvenir will be given- Lucky Draw on m purchase of goods mSKm Wm WmSLmtPM 5J20.00 voucher with
      151 words
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      Page 25 Advertisements Column 2
      123 25 BUNGALOWS WITHIN COUNTRY CUIB ON 320 ACRES WITH 18-HOLE GOLF COURSE BOUNDED BY LOGAN RIVER. 25 minutes to Brisbane and 30 minutes to Gold Coast Freehold Title Built-Up 1800 to 2100 sq. ft. Land Area 5000 sq. ft. Guaranteed Rental $1,000 p.m. Golf, Tennis, Lawn Bowling, Swimming, Fishing, m =ss
      123 words
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  • Article
    Japan's long road to recovery
    466 26 EDITORIAL TWO seemingly unrelated developments have cast a shadow over economic revival in Japan. First, the Japan Department Store Association reported two days ago that sales slipped 6.5 per cent in April the 11th straight month of decline. Second, in foreign currency markets yesterday the
    466 words
  • WHAT THE OTHERS SAY
    • Article
      Missile race a bad omen
      236 26 INDIA AND PAKISTAN have either already deployed ballistic missiles or are close to starting a new arms race that will further destabilise the military situation and deepen mutual threat-perceptions. India's 250 km-range Prithvi will be ready for induction this year. A leading Indian daily claimed
      236 words
    • Article
      Making Muslim funds grow
      157 26 THE Islamic Religious Council of Singapore (Muis) has paved the way in pioneering fruitful investment managed by three local banks. The $9 million fund has accumulated a handsome earning of $700,000, which is three times more than what is earned from the usual practice of placing
      157 words
    • Article
      An over-corrected appraisal?
      157 26 IN THE LATEST IMF report, China has been named the world's third largest economy in the world. The new method increased China's output last year from about US$44O billion to US$l.66 trillion. However, this new "buying power assessment" measurement method is not without flaws. China's economy has
      157 words
    • Article
      A test of mettle
      178 26 THE DILEMMA of Bosnia-Herzegovina is a matter of the human rights the United States and Europe are so fond of citing when they feel their interests have been violated. Apparently because the Bosnian Muslims are not sitting on oil like the Kuwaitis and the Saudis, none
      178 words
    • Article
      Reining in the inflation tiger
      155 26 CHINA'S LEADERS have learned the lessons of the recent past in deciding to try and rein in inflation before it runs out of control. After the sobering experience of 1988 when austerity measures introduced to control an overheated economy sparked panic buying and ultimately led
      155 words
    • Article
      Keep the good times rolling
      146 26 DR MAHATHIR'S launching of the immaculate new Proton Wira amply demonstrates his faith in Malaysian inventiveness. He and other national leaders have rightly been constantly urging fellow Malaysians to carry out more work on research and development in order to survive as a vibrant economic
      146 words
  • Article, Illustration
    Lock icon Dispense with 19th century free trade dogmas
    891 26  -  Gregory Clark wants the West to give up the notion that it is forever entitled to the top rung on the global industrialisation and manufacturing ladder Gregory Clark IHT BEFORE the United States embarks on a trade war with Japan, someone needs to
    IHT  -  891 words
  • Page 26 Advertisements
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      97 26 lifkj ~5 I DON'T Do TVH=VT— YOU'LL \V TMg=£jE.'S NO OF UFo UP TV\€- ftF\\l STR\<e ISN'T \l OWOLE. HOUSE.. J WPvLF MoUR ,TM?ou! CRLAJeO OFF I'LL KNOCK \\HP\NG PygQUND OUTSIDE.... J FK VAP.NDFOL OF ?eS&'-eS U? roßNou KT SE.veN l^ T l > ASSOCIATED NEWSPAPERS UO.MM— y "I DOONESBURY
      97 words
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  • ANALYSIS
    • Article
      Consumer electronics: as Japan struggles, Korea shows its claws
      930 27  -  Laxmi Nakarmi and Patrick Oster find the South Koreans moving aggressively to develop new products and capture new markets Laxmi Nakarmi, Patrick Oster WORKING in the hills of the South Korean township of Kihung, Samsung Group research engineers are engaged in
      930 words
    • Article, Illustration
      The strongman of Lao investments speaks
      1053 27  -  Harish Mehta, recently in Vientiane, interviewed Deputy Prime Minister Khamphui Keobulapha on a wide range of economic issues confronting Laos Harish Mehta IN LAOS, his is a household name. For the last 21 years, Khamphui Keobulapha, a stocky man with a penchant for safari
      1,053 words
    • Article
      Asian invasion irks some New Zealanders
      1003 27  -  Selwyn Parker discusses the causes of a simmering resentment against Asian immigrants Selwyn Parker The writer is a Auckland-based journalist who contributed this article to BT ITS IRONIC that New Zealand Prime Minister Jim Bolger was making a 10-day tour of North Asia while
      1,003 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      129 27 Congratulations lo Our Customers On ISO 9001 ECS Healthcare Systems (S) Pte Ltd Singapore Computer Systems Limited Singapore Engineering Software Pte Ltd SW International Systems Pte Ltd We are pleased to be part of your ISO 9001 success. ITEC is an approved NCB consultancy to undertake SOFTWARE QUALITY IMPROVEMENT PROGRAMMES
      129 words
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  • Article
    Lock icon Gatt chief raps big powers over trade policies
    328 28 Reuter AFP ST GALLEN, Switzerland Gatt chief Arthur Dunkcl has hit out at big powers over their trade policies, saying they lagged behind former closed economics in opening their markets. Addressing an international management symposium yesterday, he also criticised the use of
    Reuter; AFP  -  328 words
  • Article
    Lock icon US durable goods orders flat in April
    249 28 Reuter WASHINGTON Orders for US durable goods were flat in April, the Commerce Department said yesterday, while order backlogs shrank to their lowest level in 4-1/2 years as manufacturing contracted. The month's unchanged performance followed a revised drop of 3.7 per cent in
    Reuter  -  249 words
  • Article
    Lock icon Japan, China to resume security talks
    194 28 AFP TOKYO Japan will resume security talks with China, possibly in July, to build up confidence between the two Asian countries. The Asahi Shimbun reported yesterday that Japan will send senior foreign ministry and defence agency officials to China, possibly as early as July,
    AFP  -  194 words
  • Article, Illustration
    Lock icon UN forms war crimes tribunal
    106 28 AFP UNITED NATIONS The UN Security Council yesterday unanimously passed a resolution creating an international war crimes tribunal to try those accused of war crimes in the former. Yugoslavia amid scepticism that it can bring such offenders lo trial while war rages on in Bosnia.
    AFP; Reuter  -  106 words
  • Article
    Securities pact to regulate Chinese firms' listings in HK
    312 28  -  From Catherine Ong in HONGKONG SECURITIES officials in Hongkong and China will sign a pact next month to facilitate the regulation of mainland companies seeking listings on the territory's stock exchange. Officials from the Securities and Futures Commission, the Hongkong Stock
    312 words
  • Article
    Lock icon Pyongyang's diplomatic initiative confuses Seoul
    271 28 Reuter SEOUL Communist North Korea, backcd firmly into a diplomatic corner over its nuclear programme, has caught South Korea and the West on the hop with a bold initiative which may promote a thaw in Cold War enmity. Pyongyang on Tuesday unexpectedly offered high-level talks
    Reuter  -  271 words
  • Article
    Lock icon Electronic road pricing for British motorways soon?
    164 28 Reuter LONDON Drivers could be charged for using Britain's motorways within a few years. Transport Secretary John MacGrcgor said yesterday that charging motorway users, prdbahly through electronic roadside equipment, could provide new sources of finance for the road network and lead to more
    Reuter  -  164 words
  • Article, Illustration
    An agenda for growth any politician can endorse
    881 28  -  The Bottom Line ROBERT KUTTNER ROBERT KUTTNER The writer is co-editor of The American Prospect and author of The End of Laissez-Faire. Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill. Inc. AH rights reserved. THIS spring. French voters dumped
    881 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      122 28 MORE THAN FINANCIAL NEWS -^flj '^Bwalr' N %BBf i||lj»|j||Hjß|gM :>/>; /^BWWy^^rowMwWBMBBwBBwiBBBBWBHHBH^^^^^B On*y jf SINf.AKItf fHf Hl* ■< .1 ASS •luiby ft jy.* TH W/4JIVI •S« IH I .AV/7/71-** ."»*r.f»».cil M 7 141 S*H*l» I IV»w»sml Hl*/J Irl U'SMWI l«VW» •rrwH%s*w »H 7BIIJU/MI H-i-Hr-, M 114 1/41 World Trj,*P rr#rr TH
      122 words
    • Advertisement
      Page 28 Advertisements Column 2
      57 28 THE BUSINESS PUBLICATION OF ASIA Imid^^EAßl Commencing 27th May '93 Prices Fra $9 6b GENESIS CRYSTALS OUB CENTRE, 1 RAFFLES PLACE #01-01 SINGAPORE 0104. TEL: *****10 (Monday To Friday 10.30 AM to 6.30PM) (Saturday 10.30 AM to 2.30PM) NEW OUTLET AT: 290 ORCHARD ROAD, #02-31 THE P/.RAGON SINGAPORE 0923. TEL:
      57 words
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  • Shipping Times
    • Article
      Anera seals higher cargo volumes for '93-'94 contracts
      337 29  -  By Ramesh Divyanathan SINGAPORE The Asia North America Eastbound Rate Agreement (Anera) has signed 380 service contracts for the year to April 1994, or 15 fewer than the number signed for 1992-93. But total minimum volume committed for 1993-94 is higher at
      337 words
    • Article, Illustration
      Lock icon QE2 grounding blamed on crew, pilot
      380 29 AP WASHINGTON Queen Elizabeth 2, the world's largest ocean liner, ran aground off Cape Cod last summer because of confusion and poor communication on the bridge, a federal review board concluded on Tuesday. The National Transportation Safety Board ruled that inadequate depth charts and
      AP  -  380 words
    • Article
      SNSA merges two shipping groups
      179 29 SINGAPORE The Singapore National Shipping Association (SNSA) has streamlined its organisational structure by merging two of its six shipping groups. At SNSA's ninth annual general meeting last week, the members agreed to represent the owners and operators of Singapore-flagged vessels in foreign-going trades and those
      179 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      862 29 Page Col ABC Containcrline 12 1 Accord Group 8 1-3 •APL 5 3-5 Appenship 18 1/2 Alpha Feeders 6 1 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bangladesh L Tries 5 3/4 Bangladesh Shpg 9
      862 words
    • Article
      Intercargo holds annual meeting, conference here
      377 29  -  By Rahita Elias SINGAPORE A meeting of international dry cargo shipowners starts here today the first such event in South-east Asia. The 1993 annual general meeting and conference of the International Association of Dry Cargo Shipowners (Intercargo) will run until Saturday at the Shangri-La
      377 words
    • Article
      MOL launches S'pore-Australia service
      429 29  -  By Dexter Lee SINGAPORE Mitsui OSK Lines (MOL) has launched a containership service between Singapore and Australia as part of a recent revamp of its global scrvicc network. The revamp had included introducing a new Pacific South-West Express service between Singapore and the US West Coast,
      429 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        527 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth hmal Pepartue Jurone Port Batam Mum. *****3 P01B 27 05/1000 2805/2300 Atlas 19* 111 alongside 2705,0800 Bo Kya» 2 02'93 P01C |000 Ldfhu 07 93 13 alongside 2705/1200 Eboa SC264C 26/05* P0 K05 00 2605 900 Sheraton
        527 words
      • Article
        CONTAINER SCHEDULES
        1876 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From Aci Hose 406 28/2100 1 26/1500 26/1659 26/1900 2 26/1700 27/0659 27/0900 4 27/1200 27/1159 27/1700 Aci Violet 21* 29/1500 2
        1,876 words
    • Article
      THE SHTPPING GUIDE
      10327 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name ot the ship, the shipping line involved and the estimated dates ol arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,327 words
    • Article
      SHIPPING AGENTS
      3406 43 Asia-North America Eastbound Rata Agreement (Far East/North America, excludes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rata Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
      3,406 words
    • Article
      COURIER SERVICES
      271 43 Abacus Couriers Tel: 545-8011 Fax: 545-1898. Air Express travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cm-l ink International Tel: 344-3377. Fix: 345-6450. Cluster Link Supplies Sen
      271 words
    • Article
      AIR FORWARDERS
      1496 43 Abex Express Freight Tel: 542-7171. Fax *****84. Actinic Forwarder Tel: 225-1833 Fax: *****42. Actixair Singapore Tel: 542-7821 Fax: *****20. \erolink Freight International Tel: 545-8033. Fax *****05 Aerospecd Tel: 542-5911. Fax: *****18 Air C argo Noxo Express Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50.
      1,496 words
    • Article
      PORT CONDITIONS
      2134 44 ALBANIA Duress: One vessel discharging flour. AUSTRALIA Queensland: Abbot Point: Coal: berth vacant: 1 anchored otT port awaiting cargo. 3 vessels due by May 31. no delays. Dalrymple Bay: Coal: 1 vessel loading; 12 vessels due by June I. no delays. Hay Point: One vessel waiting. 19 vessels
      2,134 words
    • Article
      AIR FREIGHT SCHEDULE
      554 44 ARRIVALS DEPARTURES Op night Type ETA T From Op Right Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SI A SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      554 words
    • Article
      CRUISE & FERRY SCHEDULES
      440 44 CRUISE FERRY SCHEDULES BRUISE SHIPS lrr Dcp Name of Vessel ETA ETD Pom of Calb Part Ayt Tthphof No MY !7 28 Fairslar 1800 1300 Sin-Hongkong BSA Transportation 336-9388 !7 27 Continental World 1500 1900 Sin-Jakarta-Sin Lauw Sons Travel 227-8284 W 04 Asuka 0800 2300 Sin-Hongkong N.Y.K. Agencies (S) 290-8718
      440 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1470 44 SHIP SALES TANKER RATES The inforation was contribut ed by Simpson Spence Young AFP A FLURRY of newbuilding orders were reported as having been placed with Samsung, these included 2 option 1 double/double aframaxes for the Alafouzos Group, 2 option 1 double/double million barrel tankers for the Shipping Corporation of
      The inforation was contribut ed by Simpson Spence & Young; AFP  -  1,470 words
    • Article
      DAILY FREIGHTS
      751 45 FREIGHTS in the dry cargo market increased again on May 25. reflecting optimism among owners and their brokers. lhe summer months will see firm rates, hut freight futures saw sharp profit-taking losses, although in thin volume. The Baltic Freight Index was up four points at 1.640. showing steady
      751 words
    • Article
      COCKETT BUNKER MARKET REPORT
      839 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead ot single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      839 words
    • Article
      TRANSPORT DIARY
      197 45 COURSES Title: Boat Asia '93 incorporating Marina Asia *93 exhibition conferences and Dive Expo Asia '93 exhibiton Duration: June 3-7 Organiser: Marine Recreation Pte Ltd Venue: World Trade Centre Tet 293-8811 or fax: 298-1298. Title: Marine Insurance and Cargo Claims Duration: June 8-24 (6 afternoons) Organiser Singapore Port
      197 words
    • Article
      Lock icon A North Asian nightmare
      1196 46  -  In the first of a two-part article John Fossey reports on the container liner traffic between North America and the Far East. The second part will be carried tomorrow John Fossey Containerisation International WHILL traffic volumes to/from northern Asia (Japan and South Korea) declined by 2.8
      Containerisation International  -  1,196 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon MAS evaluating planes for long haul flights
        464 48 Bernama KUALA LUMPUR Malaysia Airlines is currently evaluating its future aircraft needs for long haul flights. Transport Minister Dr Ling Liong Sik said on Tuesday. He said the national carrier is currently studying what sort of aircraft type would be most suitable for
        Bernama  -  464 words
      • Article
        Lock icon US threatens to restrict Qantas flights
        168 48 UPI WASHINGTON The transportation department threatened on Tuesday to order Qantas Airways to reduce its US-Australia flights if the Australian government imposes restrictions against Northwest Airlines' New York-Osaka-Syd-ney service. On April 29. Australia notified the US it intended to take action to restrict the
        UPI  -  168 words
      • Article
        Lock icon EC charged with selling out to American
        427 48 Reuter BRUSSELS Europe's major airlines accused the European Commission of selling out to AMR Corp's American Airlines in a row over access to highly sensitive passenger information stored in computerbooking networks. The battle is about American's access to key data about rival airlines'
        Reuter  -  427 words
      • Article, Illustration
        Lock icon Car show on Capitol Hill
        56 48 Reuter WASHINGTON DC President Clinton posing with the chief executive officers of the Big Three automakers and United Auto Workers Owen Bieber (behind Mr Clinton) at a display of American cars on Capitol Hill on Tuesday. From left: John Smith, GM; Robert Eaton, Chrysler; Mr
        Reuter  -  56 words
      • Article
        Lock icon Japan Airlines calls for end to US predatory pricing
        389 48 NYT WASHINGTON The chairman of Japan Airlines on Tuesday accused US airlines of predatory pricing, saying their below-cost fares have undermined the financial health of his airline. "We cannot make any profit because the fare is not enough to cover the
        NYT  -  389 words
      • LOG BOOK
        • Article
          Lock icon Forty-five tankers laid up last week
          99 48 Knight-Ridder LONDON Tankers and combined tonnage laid up or idle for at least 6 weeks in the week ending May 21 totaled 45 vessels of about 5.417 million deadweight tonnes, down from 46 vessels of about 5.503 million dwt last week, shipbroker H Clarkson
          Knight-Ridder  -  99 words
        • Article, Illustration
          Australia Air International's new logo
          40 48 SYDNEY Chairman of Australia Air International Colin Hendrick unveils the airlines logos at a press conference on Tuesday with staffer Jackie Theseira. The airline hopes to begin flights between Australia and China in late September.
          40 words
        • Article
          Lock icon Gulf Air signs loan to buy Boeing jets
          112 48 AP MANAMA. Bahrain Gulf Air signed a US$l3O million (SS2IO million) loan agreement on Tuesday to purchase two Boeing 767-300 passenger airliners. The loan is to be repaid over nine years. Four Gulf and nine European and Japanese banks were involved in
          AP  -  112 words
      • Article
        Lock icon US to get expanded air routes over Russia
        460 48 Pact gives US airlines more direct routes to Asia AP WASHINGTON Russia and the United States are opening their skies to more air traffic between the former Cold War adversaries in an agreement on Tuesday that the Clinton administration said will help
        AP  -  460 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1598 48 city nm ha nw n?_ g$r nm cw n»_ Adelaide 0F81 1940 Of82 2055 ***** 2120 Itiagfciag GA951 1345 CX714 0640 ttttt rrrr ~rrr= rrrr CI665 1420 SQ860 0915 Amsterdam SQ319 0715 KL838 2310 S Q8 6 5 1425 CX710 1135 445 SQ324 2345 CX7 i
        1,598 words
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      440 30 TSKUNE AGENCIES (S) PTE. LTD. /KgMrfA rI 1 |7 W *UT|l Td: 226-3363 nPBW JL I lIMr ynj^■ 'T jj x RS *****/TSKSIN TOKYO SENPAKU KAISHA, LTD. CR No: **********0N um) iiau aiai njV'T VjjV""T 1 Vfm'2.' 'AHm» unir iiitiii Mttft Wr, flft; ft* 5.5 9s Ss Tfr.. 2hL_Bs ACX
      440 words
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      1512 30 pwiCT Tp ufA ,wgfT CQAfT (fCM*Vf« QMF QUIA fff MWH, *9 lATT MKMMIWWfjA* ffVU» pywflHßß ypw»sF) JBB ML. 1T« m fIM IB ML IBBTM BK KJS S BIOL JOB m m trm «TMt moimh ttJM u>tt«ua m m cmbtuba w5S| NEPTUNE AM6IR IX 236 2U I *****624 6 246 n<
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      2130 31 1 lUIV9) IIIUIJUUJ 1 »IWJ A* V IVVV .A% dtp iin iARniMF SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. SHIPPING AGENCIES PETALING JAVA TEL: 03-*****76 FAX 03-*****42 DOCUMENTATION TEL *****64 FAX *****09 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 MtM 181 *****82 IPOH TEL *****3/4 FAX: *****6 PS» TFI
      2,130 words
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      1952 31 U.S.A./CANADA NEXT AVAILABLE SAILING SEA LAND VOYAGER V. 196E ETA SIN 31ST MAY 1993 MC KINNEY MAERSK Y. 9306 ETA SIN IST JUNE 1993 ANNA MAERSK Y. 9308 ETA SIN 2ND JUNE 1993 Vessel Voy ETA I ETO FeeOet by DESTINATIONS This mc-kinnev maersk 9306 01 06 0800 MBS CfS
      1,952 words
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      1558 32 AQABA R'DAM/ LE ALSO ACCEPTING FROM I VESSEL VQY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA I KATSURAGI 15/320 29/5 7/6 13/6 16/6 19/6 21/6 23/6 Port Kelang Penang I ELBE 16/121 2/6 18/6 21/6 19/6 Pasir Gudang IL HANNOVER EXPRESS 14/321 5/6 14/6
      1,558 words
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      578 32 I J. 1,1 A H» FCL Breakbulk Service to: I AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services I C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, I Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata I North Korea a Vietnam a Mongolia a Hungary CSFR a Poland ocwrans AGENCIES(FAR
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      Page 32 Advertisements Column 3
      1326 32 Rlimmu uax REGULAR INDEPENDENT FULL CONTAINER SERVICE ANT# FEL I CHINA SEA 320W 01/06 23/06 30/06 01/07 26/06 27/06 29/06 28/06 30/06 01/07 I NOR ASIA AL MUNTAZAH 9321-3 08/06 30/06 07/07 08/07 04/07 05/07 06/07 07/07 09/07 08/07 I NORASIA SAMANTHA 9322-3 15/06 07/07 14/07 15/07 11/07 12/07 13/07
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      2047 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Tel: *****88 Fax: *****17 nw omwiA pacwc um~ qWjp <a service of china navigation CO) accepts \srgV CARGO OIK SM.S STRAITS PIOM VI4C Muara. lab bl Part 27 May FCL. LCL CONTAINER ANO MEAKMJLK SERVICE TO
      2,047 words
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      2635 33 ltokX SINGAPORE AGENT: ■WflK PftO Containers (Singapore Agencies) Pte Ltd I OIV VjllllLCtlllCl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 ■HPmyHlil www Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL WO* -M -Kg MM ALO SOU AWT NOT
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      774 34 mmm INDONESIANATIONAn!IN^^^ L TO EUROPE -x. m wi~|sTs!i I mm «M hiiikl WU»H| WTWW SW WWIOT* 37W8 I ?-</7 I ?7/7 I/« 3/1 7/» TO m EAST COAST PORTS HI ¥0Y PKL SfOtt SYD MILB WIS flit ADtL MHO ASIA MS 31, b M i 13/< lt/t AHtO ItMASEH SSS
      774 words
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      Page 34 Advertisements Column 2
      1008 34 HANJIN SHIPPING DIRECT SEATTLE PORTLAND EVERY THURSDAY ALSO ACCEPTING VIA SEATTLE TO CANADA IPI MLB PLEASE CONTACT FOLLOWINGS FOR ENQUIRIES BOOKINGS. PAUL LIM DID *****26 PGR *****99 FEDERICK PHUA DID *****29 PGR *****49 RADIYAH DID *****35 ALAN TAY DID *****21 S'PORE AGENT: HANJIN SHIPPING (S) PTE LTD. TEL *****55 FAX
      1,008 words
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      Page 34 Advertisements Column 3
      1538 34 ni ik «c uc rus mi o» ki w iro iu cm bm ntc inv «m n nr «t no a m sgp I I GUH K 050 tvt tin li s 2/0 4/0 7/« I/O 10 0 11/« 12 C 14 0 25 0 7/7 0/7 10/7 20 7
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      1558 35 IHZ II RHEIN BRIDGE 28W' ETA SGP 29/05/93 H S3 II ETA RDM 14/06/93, FLX 15/06/93, H II BRE 17/06/93, LEH 19/06/93 H HOKTH WESTEXPRESS (Nim-ffmmm 1 M 1 WCAIifOfIKM 1 U FEEDER VSI. VOY SGP MOTHER VSL VOY SET PLD MIN/ VESSEL VOY SGP LOS OAK VAN SET CHI
      1,558 words
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      Page 35 Advertisements Column 2
      977 35 SINSOV INGAPORE SOVIET SHIPPING CO PRIVATE LTD IOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 ILASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 [L: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 ENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—DISCHAHQNC WESTBOUND-LOADWG TRANSHPPED WA ROTTERDAM
      977 words
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      1534 36 4fc_i —Iff AS AGENTS KAWASAKI SINGAPORE (PTC) LTD (CRNo: **********0 M) TEL: *****77 TELEX KAWAKI R*****5 FAX: *****07/8/9 W W IkT MALAYSIA "K" LINE MARITIME (MALAYSIA) SON RHD TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 A A INDONESIA: P.T. SARANA LAIITINTERNUSA, TEL: JKT *****76.*****77.*****08 m—mm kawasaki
      1,534 words
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      Page 36 Advertisements Column 2
      1100 36 PHiu omm lings m ltd VlOB Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION ||g AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 28 MAY SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 26 MAY AUCKLAND. WELLINGTON. LYTTLETON. NEW PLYMOUTH. NAPIER. CHRISTCHURCH
      1,100 words
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      966 37 fSSSSSSgMM PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. 1| I SSSSSSSS am JVfIHV CR NO ********** L 111 VESSEL VOY SIN HKG SIM CMB JIB M°° JED AQJ I I KOTA BtNTANG KBT2ON 30/5 7/J 22/6 2?'! I I KOTA WIJAYA WJAO2S 2/6
      966 words
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      Page 37 Advertisements Column 2
      1229 37 AUSTRALIA SOUTH ASIA SERVICE EXPORT: TO AUSTRALIA IMPORT: FROM AUSTRALIA *ssti nam vov sm sro wn wssn mm vot sro I*l vm t«i ftw •?«>» OUNW» |43 ?»/05 11/Ot 14/00 HI C«IU Ml 13/05 11/05 11/05 02/00 04/00 04/00 05/00 HI CUM 144 00 00 20/00 23/00 542 01/00 04/00
      1,229 words
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      Page 37 Advertisements Column 3
      316 37 mm. MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gd( HAKHA V472W 2C/2S May HP* AN VI9IW 30/01 tun PAGAN VI9SW 02/04 km 30/31 May PATHEIN VI23R 03/05 Km MALAYSIA AGENTS BOUSTEAD SHPPMG AGtNCES Kli 1U 03 2****** P*l TU 03 3MtW PC*
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      50 39 1/C VISA FREIGHT SERVICES PTE LTD Q Established Since 1984 OCEANIA PORTS REGULAR GROUPAGE LCL consolidation AUCKLAND SYDNEY import export FREMANTLE SERVICES FOR BOOKING SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE TEL: 1800-*****34 FAX:*****86 FAX: *****37
      50 words
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      2621 40 Liner Stervices Liner Services Indonesia's Agents. General Agents: Boohing Agents; General Agents: Booking Agents: Guan Guan Shipping Sdn BM Chung Chiao Shipping Sdn Bhd P.J. Global Pntra Indonesia Maritime Yick Fung Shipping Shipping Freight Boohing Lochy Trmsport CoStar Shipping Pte Ltd Shaping Freight Bookmg Centre Sdn Bhd SSflerwran Ra,a Muda
      2,621 words
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      680 41 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 7 HOT LINE: *****33 (24 LINES) J GOTHENBURG/SCAN 31/05 ROTTERDAM 31/05 AARHUS/COPENHAGEN 31/05 HAMBURG/BREMEN 31/05 MARSEILLE/FRANCE 3/06 FELIXSTOWE/UK 31/05 BARCELONA/SPAIN 3/06 LEHAVRE/FRANCE 29/05 GENOA/ITALY 29/05 ANTWERP/BELGIUM 31/05 LOS ANGELES/WC/IPI 6/06 SYDNEY/MELBOURNE 26/05 NEW YORK/EC 6/06 FREMANTLE/AOELAIOE 3/06 t
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      Page 41 Advertisements Column 2
      746 41 RICHFIELD MARINE AGENCIES (S) PTE LTD V TEL: *****33 (12 Lines) EL FAX: *****15/*****03 jj TELEX: RS ***** RISHIP (3 Line*) [W\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL eSSEI Ivov ETA LOADING FOB SPORE SYOT 3?WE 08 06 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAAA NCMNET 31
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      Page 41 Advertisements Column 3
      687 41 JAKARTA BANGKOK gga ww sm Ki wm ww wmmm. ■mmkok RAM BHUM 79S 24/5 1/4 MRU MM 7411 Fri 24/5 Mow 31/5 SHI pm Jfji JJI DRAGON StNIPSA 37N fri 2«/5 Tut 1/4 THRU* BHUM J* 5T7i V 6 NANTA BUM J43N. Sat 29/5 Wed 2/4 jig?* CHAIYA BHUM 37W
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      Page 41 Advertisements Column 4
      304 41 mm hcsr-uoe BAY OF BENGAL SERVICES 1 TKU SIM UM 27 21/05 0j0«/06 1011/* I an bommsu Tim ji-oi, ot ot-n/M is u/ot I ten mom two? 03/0 C m io/« u-i?/* I TKERMH KM 07 OS/0« 14-15/* 2122/* I IIS CKP Kill 00-0»/0t 15-It/* 22 23/* CM. Ml I
      304 words
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      1634 42 j|-N=/\"lAgents: MAC-NELS SPORE: *****22 (24 LINES) *CJ V VH-Jc/R Mo: **********0E PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 J P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 Z J HKG/TWN/BKK I GOTH/UKC/MED PORTS J PEN PKL SIN EVERY TUE/THUR/SAT PEN PK SIN 27/5 28/5 29/5 Honj Kont
      1,634 words
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      Page 42 Advertisements Column 2
      240 42 BLUE STAR LINEI SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN N 2 STAR 7S In Port 6/6 8/6 25/6 PREMIER 24S 8/6 21/6 23/6 S/7 AUST STAR 87S 17/6 29/6 1/7 17/7 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND. LYTTELTON. ACCEPTING FCL LCL FOR NEW
      240 words
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      1101 42 THONG SOON UNES PTE. LTD. 77 ROBINSON ROM) #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****58 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIOWAL/COWTAIWER BOOKING UNE: *****55 WNOAPOBE TO SARAWAK VESSEL *0T S'POtE MST* VESSEL W1 SPORE PEST EQUATOR 111 89/3E 28 MAY KUCHING
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      59 45 ji i f The Executive Housekeeper -ths UsfeeUj O irn, I I wants is me. Bob I'll never neglect L V tfe J Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The new Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN
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      21 45 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE r|l Business Times m mow Am
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      725 45 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2301 2.3 2.1 3.1 3.1 2.1 2.3 1.6 1.1 07 05 0.5 06 10 1.5 2.0 2.2 2.3 2.2 1.1 1.5
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      469 46 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SWCAPORE MAMLA VIGOUR SINGAPORE 54M8 28/05/93 Q5/W93 PRDAY AND MONDAY VIGOUR SINGAPORE 54ANB 31/05/93 OS/06/93 VIGOUR PACIFIC 19NB 04/06/93 12/06/93 VIGOUR PACIFIC 19ANB 07/06/93 12/06/93 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG MARINA MAS 9377N8 27/05/93 29/05/93 ARKTIS
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      353 46 ■Kyi FREIGHT MANAGEMENT^ GENERAL: *****11 BOOKING: *****5S I FAB EASTI Taiwan Kaohsiung, Keelung Korea Busan Hong Kong Hong Kong also accepting to all China points via Hong Kong EES FREIGHT SERVICES PTE LTD! #01-60 Wallich Building, Singapore 0207 Hill mM 3%1 Tel: *****66 (10 Unes) Fax: *****69/*****44 AIRPORT OFFICE: *****11
      353 words
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      Page 46 Advertisements Column 3
      372 46 WOOD LINE SOUTHERN AFRICA SERVICE SPORE PL 08N CT A VESSEL ***** 15/6 2/7 10/7 20/7 •ALSO CALLS El. AND PI. PK BEAFIX SHIPPING SON BHD TEL *7 5525 TLX. ***** KJt.: CAPRICORN FREIGHT SERVICES TEL 213 202 TLX IIM SECIL MARITIMA, U.E.E. Luanda, Angola. FAR EAST/ ANGOLA SERVICE SPORE
      372 words
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      893 47 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PNA PKE PGP VESSELS VOY_ SIN RTM MIT* LEW HAM WE| FEt HMM ADVANCE 18* IS/05 19/05 20/05 00CI CHARISMA 305*1 23/05 11/06 11/06 12/06 13/06 13/06 15/06 NORASIA MALACCA 9320 A 25/05 26/05 27/05 H. PIONEER 303W 30/05
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      5 48 ETI Tomorrow in Business Times
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