The Business Times, 7 April 1994

Microfilm: NL19091
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 010/12/93 Thursday April 7 1994 WL KNOW AS/A 75 C
    13 words
  • 2am LATEST
    • Article
      Lock icon GEC Alsthom sure of getting TGV contract
      68 1 Reuter PARIS Alcatel Alsthom chairman Pierre Suard is confident the group's GEC Alsthom joint venture will win a contract to build a TGV high-speed railway in South Korea. "I am very confident of a rapid and favourable outcome," he said yesterday. GEC Alsthom,
      Reuter  -  68 words
    • Article
      Lock icon Tele-Comms plans two-way network
      41 1 Reuter NEW YORK Tele-Com-munications Inc will announce plans today for a two-way interactive network using digital compression technology. Robert Thomson of Tele-Commu-nications yesterday said the plans involved delivery of 500 channel video systems into US homes. Reuter
      Reuter  -  41 words
  • Article
    MARKET SUMMARY
    161 1 Stock market indices Wednesday Change STII 2,115.57 +54.08 KLSEComp 964.51 +25.20 Nikkei 19,696.74 +133.53 Hang Seng 9,234.31 +204.40 SET Index closed Jakarta Comp 473.96 -7 CLSA China B 1012.20 -8.22 AustAllOrd 2,084.1 +34.1. FTSE100 3,131.5 +15.3 Wednesday Previous 2pm dose Dow Jones 3,663.89 3,675.41 Average of prime or
    161 words
  • Article, Illustration
    Salim group makes M$345m reverse takeover of SEAL
    641 1  -  By Amy Balan SINGAPORE IndonesianMalaysian corporate links have deepened further with Indonesia's biggest corporate player Liem Sioe Liong making a M 5345 million (SS2OO million) reverse takeover of Malaysian timber company SEAL Inc Bhd. The move, announced by SEAL Bhd yesterday, follows
    641 words
  • Article
    S'pore, China to sign telecom pact
    252 1 SINGAPORE China and Singapore will sign an agreement this week that could pave the way for Singapore companies to establish a toehold in China's vast and as yet untapped telecommunications market. The accord, to be signed by the countries' respective communications ministries, will provide
    252 words
  • Article
    Fed unlikely to change interest rates till markets calm down
    367 1 NEW YORK US Federal Reserve officials said they are unlikely to change short-term interest rates until financial markets calm down and the economic effect of a fall in stock prices and a rise in long-term interest rates can be determined.
    367 words
  • Article
    SES censures Causeway for non-disclosure
    460 1  -  By Shiv Taneja SINGAPORE In a rare public censure, the Stock Exchange of Singapore has reprimanded Causeway Investments Ltd for failing to make certain disclosures in contravention of the SES Listing Manual. Causeway had failed to get shareholders' approval for transactions that "would divert 20
    460 words
  • Article, Illustration
    Lock icon Region's stock markets show burst of strength
    522 1  -  By Paul Leo, Lim Soon Neo STOCK PRICES rose strongly on regional bourses yesterday following an overnight surge on Wall Street. In Singapore, the Straits Times Industrials Index started strong and rose quickly to near the day's high of 2,130.46 within the first
    Source: Bridge Info  -  522 words
  • Article
    Lock icon Dow slips 11 points by midday as Tuesday's rally fizzles out
    260 1 Reuter. Bloomberg Business News NEW YORK US stocks lost their steam yesterday after staging the biggest single rally in almost two-and-a-half years the day before. At Ipm EDT. the Dow Jones Industrial Average was off 11.52 points at 3.663.89
    Reuter.; Bloomberg Business News  -  260 words
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      156 1 CO-2233 Removaoie CD Tune' *ith DSP Sound Processof 'CO Changer Controller FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Rione; 235 1333 Kuala Lumpur: Phone. 757 0233 Penang: Phone. 615 985/619 014 Jakarta: Phone. *****9/*****8 CONTENTS Spore News 2 S"pw*Ms]a' 17.18.19 Regional New? 3.4,5 Financial 21.22 Wortd News 6.7 Fntmt
      156 words
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      19 1 Innovation: Pg 12 Going places with Voice Writer Should S'pore take on HK to become arbitration centre? Page 13
      19 words
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      24 1 Hock Lock Siew: pg 17 The Teck Puat-Beng Seng partnership Economist says US bond yields will rise if inflation hits 3.5 pc, Pg 21
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      61 1 The Bottom Line: Pg (6 When US right may \e wrong /ritf Cantonese connoisseurs. e i We prepared it with a variety <?/"tantalising tastes. ■MBT JtfAiy l /flhf enticing dishesfor aformal > gathering or casual dining. 5 tt ibVlllOtl RCSTAURANT |g I 21 Amber Road, Chinese Swimming Club, 101 Singapore
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      20 1 CERRUTIIBBI I SWISS WATCHES Time is on my side DYNASTY WAT( HPR LTD, Tel 733 2765 Fall reports, Pages 24-28
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Executives, professionals in demand
        299 2  -  By Teh Hooi Ling DEMAND for executives and professionals picked up again last month after a dip in February. The total number of job advertisements in I lie Straits littles* Appointments section in March was 21 per cent higher compared with the same month last year.
        Source: ST Appointments  -  299 words
    • Article, Illustration
      All 12 shophouse parcels snapped up in URA auction
      433 2  -  By Abdul Hadhi THE Urban Redevelopment Authority sold ull 12 pareels of unrestored shophouses in Chinatown and Little India put up for auetion yesterday. Five of the parcels are in Tras Street. Chinatown, while the other seven are in Dalhousie Lane.
      433 words
    • Article
      TDB to stage biggest solo show in Dubai
      217 2 THE Trade Development Board will stage its biggest solo exhibition next week in Dubai. The TDB said yesterday that the three-day showcase of Singapore products and services was aimed at enhancing exports to Dubai and other Gulf countries. It also seeks to
      217 words
    • Article
      Feedback Unit aims to be more effective
      232 2 The government's Feedback Unit will work to improve its effectiveness this year. The chairman and MP for Leng Kee. Ow Chin Hock, said yesterday the unit aimed to work more closely with grassroots organisations by going to districts to meet members. It would
      232 words
    • Article, Illustration
      Dhanabalan to join SICCI investment unit as chairman
      419 2 FORMtR Trade and Industry Minister S Dhanabalan said yesterday that he is joining the Singapore Indian Chamber of Commeree and Industry's investment vehicle. Parameswara Holdings, as chairman a move which will boost its profile for its investments in India. He will take
      419 words
    • Article, Illustration
      SPH launches service that puts news on tap
      377 2 NEWS and information from Singapore Press Holdings' English and Malay newspapers is now available to subscribers of a new on-line service called "Newslink", said SPH's chief operating officer Denis Tay at the official launch of the service vesterdav at the Raffles Hotel.
      377 words
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      230 2 REGIONAL ANALYSIS Every Wednesday in Business Times DO I THE UNIVERSITY OF HULL England 1927 M "OVER 100 GMs, MDs r CEOs ALREADY IN THE PROGRAMME!" Bgfl "ONE OF THE MOST ESTABLISHED IN SINGAPORE" I MBA I MM First to offer TQM and a Systems Approach to Creative Problem Solving
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      50 2 .v. ciuniimßC A Vipm HBusinessßusinessTimesTimes WEBOWASA vv>> <-*> Name: Age: Address: Postal Code Occupation: Fax: Tel: (O) (H) Mail or fax this form to: Customer Relations Section Circulation Department Singapore Press Holdings Limited •82 Genting Lane f News Centre Singapore 1334 BnCTtfSSnTTIW I MCI Tel: 1800-749 2577 Fax 744 4875
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Foreign debt remarks spark jitters in Jakarta markets
      604 3 Reuter JAKARTA Comments by a senior minister that Indonesia's foreign debt is reaching a dangerous level prompted jitters in local currency markets yesterday and highlighted broader worries for the country's dynamic economy. Saleh Afiff. Coordinating Minister for the Economy, said on Tuesday
      Reuter  -  604 words
    • Article
      Lock icon Vietnam needs capital, technology to grow: World Bank
      202 3 Bloomberg Business News HANOI Expressing cautious optimism about Vietnam's economy, a World Bank official said the country needs to create an investment environment attractive to international capital and technology to speed development. "Capital and technology are the most mobile of the elements
      Bloomberg Business News  -  202 words
    • Article, Illustration
      Lock icon Dutch premier cuts short Indonesia visit
      83 3 AFP JAKARTA Dutch Prime Minister Ruud Lubbers yesterday cut short his landmark visit to Indonesia, citing domestic political reasons, Dutch embassy officials said. They did not elaborate on the reasons. Mr Lubbers arrived in the former Dutch colony on Monday, leading a delegation including
      AFP  -  83 words
    • Article
      Lock icon Talks with US making progress, says Hanoi
      350 3 AFP HANOI Vietnam and the United States have made progress in talks on opening liaison offices and returning frozen assets but several issues remain to be ironed out. Foreign Minister Nguyen Manh Cam told the Tuoi Tre newspaper yesterday that there had been
      AFP  -  350 words
    • Article
      Lock icon Port Moresby in a fix over gold mine project
      447 3 Bernama MELBOURNE The AS3SO million (SS3BO million) Lihir gold mine float in Port Morseby is in a state of uncertainty as the Papua New Guinea government tries to work out its commitment over honouring an agreement with Malaysia on the one
      Bernama  -  447 words
    • Article
      Offshore Cambodia in second oil find this year
      423 3  -  From Harish Mehta in PHNOM PENH BRITAIN'S Enterprise Oil Exploration Ltd and its partners have discovered oil and gas in offshore Cambodia the country's second oil find this year. However. Enterprise Oil general manager for Cambodia. Barry Rogers, said it was too
      423 words
    • Article
      Lock icon Suharto wants to boost non-oil exports, curb inflation
      211 3 Reuter JAKARTA Indonesia's President Suharto has ordered ministers to increase non-oil exports and curb inflation in the face of declining investment and a rare budget deficit. Information Minister Harmoko said yesterday. He told reporters the trade ministry would set up a team
      Reuter  -  211 words
    • ASIA NOTES
      • Article
        Lock icon Inter-Korean trade rises 10.4pc
        114 3 Reuter SEOUL Despite North Korean threats of war with South Korea over its nuelear programme, indirect trade between Seoul and Pyongyang increased 10.4 per cent in March from the year before, the unification ministry said. Ministry figures showed trade on an approval basis rose to U5521.29
        Reuter  -  114 words
      • Article
        Lock icon N Korea urged to consider UN call
        39 3 AFP MANILA Philippine President Fidel Ramos yesterday urged North Korea to "favourably consider" the UN's call to allow further nuclear inspections, and said China should keep pressing Pyongyang to open up. AFP
        AFP  -  39 words
      • Article, Illustration
        Lock icon Bowing to demands
        51 3 AFP SEOUL South Korean reformist Buddhist monks standing in silent, serried ranks yesterday in the eourtyard of the Chogye sect temple in Seoul as their administrative head bowed to demands to resign. The temple became a battleground last week when the reformists charged the administrator with corruption.
        AFP  -  51 words
      • Article
        Lock icon Japan to return boat people
        119 3 Reuter HANOI Japan will send back all Vietnamese boat people who arrived in the country after March 5 without screening them to determine whether they qualify as refugees, the Japanese embassy in Hanoi said yesterday. An embassy official said the decision would affect 24 Vietnamese
        Reuter  -  119 words
      • Article
        Lock icon Ramos declares state of calamity
        89 3 Reuter MANILA President Fidel Ramos on Wednesday declared a state of calamity in nine Philippine provinces and 12 cities raked by Typhoon Owen which left three people dead and four others missing. The declaration by the presidential office allows relief money to be released to
        Reuter  -  89 words
      • Article
        Lock icon Johor ruler cancels birthday honours
        65 3 AFP KUALA LUMPUR The ruler of Malaysia's southern Johor state, whose assault of a coach led to Malay rulers losing their legal immunity last year, has rejected honours for politicians to mark his birthday, a top official said yesterday. Sultan Mahmood Iskandar Ismail has also
        AFP  -  65 words
    • Article
      Lock icon Aussie firm to develop Laos hydropower projects
      334 3 Reuter VIENTIANE An Australian engineering consultancy yesterday signed a memorandum of agreement to investigate US$l billion (551.57 billion) worth of hydropower projects in Laos. Australian Prime Minister Paul Keating and his Laotian counterpart Khamtay Siphandone supervised the signing, which gave Tasmania's HydroElectric Commission's
      Reuter  -  334 words
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      113 3 SSSSSSnsOSSSSaOSsaSSSSSSO3;^SOKSSSSgSSSS^OSSSSSSSSSS«&RSS333SSK99S33SS9%S9SSSSSSSSSQSSSSSSas^aCSSSSSn3S HOW THE SWISS HAVE THE BEST TIME We aN know that the Swiss have a reputation for timo out to enjoy our Boot ond Seafood Fondues, as knowing about time. Ihey also know how to spend it. weN as unlimited helpings from our salad bar, is And now at
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Insurance tycoon Taiwan's richest man
        100 4 Reuter TAIPEI Insurance tycoon Tsai Wan-lin remains Taiwan's richest man after raising his fortune to an estimated USS6.I billion (559.6 billion) this year from USSS.3 billion last year. Excellence business magazine says in its April edition. Mr Tsai. 70. heads the Cathay insurance and real-estate
        Reuter  -  100 words
      • Article
        Lock icon First state firm in Shanghai to go bust
        92 4 Reuter HONGKONG Shanghai's Zhidai Number Two Plant, a textile works, last month became the city's first state firm to file for bankruptcy. The China-controlled Wen Wei Po newspaper said 10 more state firms were expected to follow. Although more than 50 rural
        Reuter  -  92 words
      • Article
        Lock icon Chinese hijacker gets 10 years
        95 4 Reuter TAIPEI Taiwan sentenced a hijacker to 10 years in prison yesterday in an attempt to end a spate of hijackings that saw 11 Chinese airliners commandeered to the island since last April, state television reported. The district court in the northern county of Taoyuan
        Reuter  -  95 words
      • Article
        Lock icon Freeze on taxi numbers in Beijing
        73 4 AFP BEIJING The Beijing authorities have frozen the number of taxis allowed to ply the streets of the capital, which already boasts more cabs than either Hongkong, Tokyo or Taipei, the People's Daily said yesterday. From 15,000 in 1991, Beijing's fleet of taxis has
        AFP  -  73 words
    • Article
      Lock icon TRW gets US$61m job to build Taiwan's 1st satellite
      158 4 Reuter TAIPEI Taiwan's National Science Council yesterday awarded a USS6I million (SS9S million) contract to TRW Inc of the United States to design and make the island's first satellite. A council spokesman said TRW Inc beat three other competitors Space Systems/Loral
      Reuter  -  158 words
    • Article
      Lock icon Unemployment problem extremely serious, says Beijing
      404 4 Reuter BEIJING China yesterday said it had an extremely serious unemployment problem, noting that moves away from the socialist welfare state had put unprecedented strains on the economy. "The rapid change of the economic structure has increased the difficulties of employment work," said Communist
      Reuter  -  404 words
    • Article
      Foreigners commit US$150b to China over 15 years
      289 4  -  By Schutz Lee SINGAPORE Since opening its doors to foreign capital 15 years ago, China has attracted a total US$l5O billion (SS24O billion) from 146 countries and regions. This is equivalent to 40 per cent of total foreign funds committed in developing
      289 words
    • Article
      Lock icon Taiwan cancels contract with US builder
      213 4 Reuter TAIPEI Taiwan's state-run Chinese Petroleum Corp (CPC) yesterday said it had cancelled a US$l73 million (*****.8 million) contract awarded to American construction firm Brown and Root International Inc because of delays. CPC in January confiscated a US$B5.6 million deposit which was paid as
      Reuter  -  213 words
    • Article, Illustration
      Lock icon Average family in China may own a car by 2010
      496 4 Reuter BEIJING Private cars, currently the preserve of the wealthy and privileged, will be within the reach of ordinary Chinese families by 2010 if trends continue at present rates, a government statistician said. State Statistics Bureau Deputy Chief Lu Chunheng
      Reuter  -  496 words
    • Article
      Lock icon Chinese minister urges US to get rid of man-made trade obstacles
      421 4 Reuter BEIJING Chinas foreign trade minister yesterday asked the United States to get rid of "man-made obstacles to trade", including ending remaining sanctions against Beijing and stopping the annual debate linking export privileges to human rights. Wu Yi told
      Reuter  -  421 words
    • Article
      Lock icon Shenzhen crackdown on unauthorised markets
      253 4 Reuter HONGKONG The southern Chinese boom town of Shenzhen has started a crackdown on unauthorised financial markets, a Beijingfunded news agency says. Kampant illegal trading in futures, foreign exchange and other markets was upsetting the economic order, the Hongkong China News Agency yesterday quoted a
      Reuter  -  253 words
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      127 4 us-*- v? -*> mhh 'if- r < 1 i > y :-v Sjf** ft Successful executwes possess an innate ability t0 lC o PP ortun,ties in a competitive world UpV^B In Singapore they choose the 245-room I Mdia at Scotts, recognising the advances a j wMffj i Y > fine
      127 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Hosokawa denies he ever said 'I quit'
      716 5 Japanese PM on shaky ground despite disclaimer Reuter TOKYO Japan's embattled Prime Minister Morihiro Hosokawa yesterday denied he had even uttered in jest the words "I quit", but his disclaimer failed to quash speculation that his days as leader were numbered. Mr Hosokawa's
      Reuter  -  716 words
    • Article
      Lock icon Japanese manufacturers bullish despite cold summer forecast
      315 5 Reuter TOKYO Despite official forecasts of another unseasonably eool summer. Japanese companies are sticking to the optimistic business plans they made earlier this year, given prospects for an economic recovery. Some are gambling that the weatherman's early prediction could be wrong, like it
      Reuter  -  315 words
    • Article
      Lock icon OECD forecasts bright outlook for Australia
      414 5 Reuter PARIS Australia's proximity to the booming Asian economies, coupled with its natural resources, low inflation and international competitiveness, means its economic prospects are bright, the Organisation for Economic Cooperation and Development (OECD) said yesterday. "AH in all, economic prospects for the Australian economy
      Reuter  -  414 words
    • Article
      Lock icon Canberra unperturbed by market sell-off
      400 5 Reuter CANBERRA The Australian government is untroubled by the big sell-ofT in capital and equity markets and does not intend to take any action in response. Government officials yesterday said they did not expect it to have much effect on the real economy. "Absolutely nothing
      Reuter  -  400 words
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      8 5 Persuading Aussie businesses to go regional, Pg 8
      8 words
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      93 5 The World United. It's a world unto itself. Encompassing five continents and over three hundred cities. ,9ft And populated by nearly seventy million passengers who relv on our unsurpassed service to make them feel at home wherever and whenever thev travel. Come flv the airline that's uniting the world. Come
      93 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon US Supreme Court judge retires
        105 6 Reuter WASHINGTON Supreme Court Justice Harry Blackmun. the leading liberal on the bench made famous by his abortion rights ruling, announced his retirement yesterday, giving President Bill Clinton the chance to name his successor. In a three-paragraph statement, the 85-year-old judge said he had told
        Reuter  -  105 words
      • Article
        Lock icon Number of jobless Germans falls
        85 6 Bloomberg Business News FRANKFURT The number of unemployed in Germany fell to less than four million in March, said Bild Zvitung. The newspaper said it had information to show that unemployment fell in both parts of the country. The number of jobless in western Germany
        Bloomberg Business News  -  85 words
      • Article
        Lock icon Canadian inflation seen near 1pc
        69 6 Knight-Ridder TORONTO Bank of Canada governor Gordon Thiessen on Tuesday said he saw Canadian inflation close to one per cent a year. "The target of holding inflation inside a range of one to 3 per cent, which is the objective as of the end of
        Knight-Ridder  -  69 words
      • Article
        Lock icon 5 Mid-East nations in power-grid link
        69 6 Bernama Baghdad Iraq's electricity network will be connected with Ihose in Egypt, Syria, Jordan and Turkey under a series of agreements signed recently among power companies in the five countries. The latest Opec News bulletin says the US$3OO million <Ss4Bo million) project will help
        Bernama  -  69 words
      • Article
        Lock icon Plan to allow Japanese fishing in Kuriles
        76 6 AFP TOKYO A Russian administrator of the long-disputed Kurile islands has proposed a non-governmental accord to allow Japanese boats to fish in territorial waters for a fee. press reports said yesterday. Jiji Press said the proposal came on March 28 and again on
        AFP  -  76 words
      • Article
        Arafat demands Israeli withdrawal
        75 6 AMMAN Palestine Liberation Organisation leader Yasser Arafat, demanding that Israel withdraw ail troops from Jericho end the Gaza Strip in one week, left here yesterday for Cairo Where Israeli-PLO talks had hit new snags. "We are insisting that the withdrawal should take place at the set
        75 words
    • Article
      Lock icon Britain grants telecom licences to 6 companies
      160 6 Bloomberg Business News LONDON The UK Department of Trade and Industry has awarded six new telecommunications licences. Total investment by the new licensees could exceed £100 million (SS23O million) in the years ahead as they install new networks, said Patrick McLoughlin, Britain's Technology
      Bloomberg Business News  -  160 words
    • Article
      Lock icon US first-quarter economic growth likely to be above 3pc
      580 6 Knight-Ridder WASHINGTON The United States economy probably grew at better than a 3-per cent annual rate in the first quarter, and the sharp rise in long-term interest rates so far this year is not enough to jeopardise the economy. A senior
      Knight-Ridder  -  580 words
    • Article
      Lock icon EU ministers discuss trans-European network finance
      273 6 Reuter BRUSSELS European Union finance ministers meet in Athens today to discuss how to finanee job and growth-cre-ating trans-European information superhighways and road, rail and energy networks. Diplomats yesterday said the networks were about the only concrete proposal in the European Commission's White Paper
      Reuter  -  273 words
    • Article, Illustration
      Lock icon Rallying against VAT and inflation
      71 6 AFP SOFIA, Bulgaria Some 30,000 supporters of the opposition Union of the Democratic Forces pointing their thumbs down as they gathered for an anti-government rally in the centre of the city on Tuesday. The protesters demanded the resignation of the government and early parliamentary elections
      AFP  -  71 words
    • Article
      Lock icon Russia's crude exports steady: traders
      288 6 Reuter MOSCOW Russian crude oil exports, lifeblood of the economy, are unlikely to rise sharply this year even if bureaucratic and tax obstacles are removed, trade sources said yesterday. As the government considers ways to help struggling Siberian producers, possibly by scrapping export quotas or
      Reuter  -  288 words
    • Article
      Lock icon Major tells party rebels he won't give up despite attacks
      467 6 Reuter LONDON British Prime Minister John Major has confronted a swelling campaign against his leadership, telling rebellious colleagues he will not be diverted by their attacks. "People can support me or they can oppose me but I shall carry out
      Reuter  -  467 words
    • Article
      Lock icon Germany looking forward to inflow of investments from India
      407 6 Reuter NEW DELHI Germany, one of India's largest trading partners, said yesterday that it looked forward to massive investments from India in its new federal states. Visiting German Economics Minister Guenter Rexrodt said German investment in India had grown in the
      Reuter  -  407 words
    • Article
      Lock icon Gatt accord: economists see little immediate impact on world economy
      570 7 AFP PARIS Four months after the conclusion of the longawaited Gatt world trade pact, to be signed in Marrakesh next week, international economists are taking a more realistic view of its immediate impact. They say the latest developments in the
      AFP  -  570 words
    • Article, Illustration
      Lock icon Documents show Bentsen made inquiry about Arkansas thrift
      333 7 AP. AFP WASHINGTON Treasury Secretary Lloyd Bentsen. while a senator from Texas, made inquiries with federal regulators at the Resolution Trust Corp about the agency's handling of a real estate venture owned in part by Madison Guaranty Savings Loan, the failed Arkansas
      AP.; AFP  -  333 words
    • Article
      Lock icon Seasonal factors may curb drop in US jobless rate
      315 7 Knight-Ridder WASHINGTON Any possible improvement in the US unemployment rate this summer could be somewhat understated due to inadequate seasonal adjustment factors. Labour Department analysts said on Tuesday. The seasonal factors used by the department to calculate the unemployment figure may
      Knight-Ridder  -  315 words
    • Article
      Lock icon Europeans trying kid-gloves approach to cut trade deficit with Japan
      584 7 AP BRUSSELS It was almost exactly five years ago that France's then minister of European affairs. Edith Cresson, lectured a pair of American reporters about the abysmal US trade deficit with Japan. "Americans don't see what's going on with the
      AP  -  584 words
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      171 6 Jji B!;^H|DHnßVMpi|Ff The Ultimate Mediterranean Lunch Is Closer Than You Think [>BSgLX»*Ha] I /xx\. e^°7 Merchants' A pleasant riverside stroll or river taxi ride from Shenton way V That close. v JP Bastiani at Clarke Quay. \> I Liberate your palate Our tempting set lunch consists of 4 VM V
      171 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Persuading Aussie businesses to go regional
      1070 8  -  SM Lee's visit to Australia By Chuang Peck Ming SINGAPORE In announcing that Singapore Senior Minister Lee Kuan Yew will speak at the Amdahl/Australian Financial Review business forum in Sydney later this month, the organisers said Mr Lee could offer some valuable pointers to
      1,070 words
    • Article
      Lock icon Australia steals a march on Viet investment rivals
      471 8 AFP HANOI Alone in the dustyscrubland of an abandoned US airbase in southern Vietnam stands a small symbol of Australia's march into Asia a factory producing the painted steel roofing that covers a million Australian homes. BHP Steel, a division of Australia's
      AFP  -  471 words
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      320 8 TM€ STRUTS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER BEPITA HAPIAN BEPITA MiNGGU THE STPAiTS TIMES WEEKLY EOTKDN HEP WO«lD •GO SINGAPORE BUSNESS "OUNG PAPENTS "OME 4 DECOP YOUNG f AM-LES ThE STPAiTS *«MES TmE SUNOAv T»MES BUSINESS T MES T HE NEW PAPEP S I i i
      320 words
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  • SPORTS
    • Article
      Lock icon Frustrating 12th hole: so near, yet so far
      738 9 US Masters NYT AUGUSTA. Georgia Some whimsical golfers have observed that the hardest drive in golf might be the one up Magnolia Lane, approaching the old manor clubhouse at Augusta National Golf Club for the Masters. "I start choking as soon as
      NYT  -  738 words
    • Article, Illustration
      Lock icon Not the 12th hole, but Faldo's in a spot of trouble
      36 9 Reuter Britain's Nick Faldo, amid a crowd of spectators, chipping out of a bunker at the seventh green during practice for the Masters on Tuesday.
      Reuter  -  36 words
    • PUTTING SHOTS
      • Article
        Mediate the latest casualty
        54 9 ROCCO MEDIATE, suffering from back trouble, is the fourth American player to withdraw from the Masters. Mediate pulled out after a magnetic resonance imaging test showed he had a herniated disc in his lower back. His withdrawal reduced to 86 the probable starting field for the
        54 words
      • Article
        Norman odds on to win
        70 9 BRITAIN'S LEGAL BOOKIES have installed Greg Norman, the current British Open title-holder, as a 6-1 favourite to win the Masters. Nick Faldo of England is next at 9-1. followed by defending champion Bernhard Langer of Germany and Nick Price of Zimbabwe at 10-1. Jose Maria
        70 words
      • Article
        Honorary starters
        74 9 OLD CHAMPIONS GENE SARAZEN. Byron Nelson and Sam Snead will serve as honorary starters and lead the field off the first tee today in the first round of the Masters. All three are scheduled to tee off. but they will play only as long as they wish. Sarazen.
        74 words
      • Article
        Masters rookies
        89 9 SEVEN AMERICANS and eight foreign players will be making their first start today in the Masters. They include British amateur champion lain Pyman of England, US amateur title-holder John Harris and American amateurs Danny Ellis and Jeffrey Thomas. The first-time American pros are John Adams. Bob Estes, Dudley
        89 words
      • Article
        Old pros
        48 9 ARNOLD PALMER, a four-time winner, will be making his 40th consecutive start in the Masters when he tees off today in the first round at the Augusta National Golf Club. Gary Player of South Africa will be making his 37th start and Jack Nicklaus his 36th.
        48 words
    • Article, Illustration
      Lock icon Former US pro O'Grady sparks drugs storm
      465 9 AFP AUGUSTA, Georgia Former US pro Mac O'Grady sparked controversy here on Tuesday by calling for drug tests at the US Masters. O'Grady claimed that at least seven of the top 30 players at the tournament would use beta blockers designed to cut
      AFP  -  465 words
    • Article
      Lock icon The Yankees lead the majors — in salary
      569 9 The Yankees lead the majors in salary NYT NEW YORK The Yankees, who hope to overtake the Toronto Blue Jays in the wonlost standing this season, have already supplanted them at the top of the salary standing. Based on a study by The New York Times of contract information obtained
      NYT  -  569 words
    • Article, Illustration
      Lock icon If Magic can coach, why not Kareem Abdul-Jabbar?
      641 9 AP NLW YORK On the l(>th anniversary of' becoming the NBA's all-time leading scorer. Kareem \bdul-Jabbar thinks about teaching basic skills to a new generation of basketball players. "If >ou had asked me three years ago. I'd have said: "Forget it. Are
      AP  -  641 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Baseball
        38 9 Reuter NEW YORK Major league Tuesday American: Milwaukee 11 Oakland 7: Toronto 5 Chicago 3; Minnesota 2 California 8. National: Chicago 2 NY 6: SF 2 Pittsburgh (fc LA 4 Florida 3: Montreal 5 Houston I. Reuter
        Reuter  -  38 words
      • Article, Illustration
        Lock icon Basketball
        61 9 Reuter NEW YORK NBA Tuesday: Miami 1 CM) NY X 6: Cleveland 105 Charlotte 99: New Jersey 120 Boston 94: Orlando 104 Milwaukee 97; Chicago 114 Washington XX: Indiana 105 Detroit X 9: San Antonio 101 Golden State 105: Denver 91 LA Clippers 92: Seattle X 6 Utah 79:
        Reuter  -  61 words
      • Article, Illustration
        Lock icon Cricket
        67 9 AFP ST GEORGE'S, Grenada England manager Keith Fletcher admitted his side deserved to lose after they were handed the latest thrashing of their Caribbean tour. And he said he was at a loss to account for the tcam*s continuing poor form. Fletcher was speaking after England had been crushed
        AFP  -  67 words
      • Article, Illustration
        Lock icon Horse Racing
        133 9 Reuter LONDON There will be no repeat of the great 1993 Aintree Grand National disaster. That is the brave prediction of design engineer Brian Simpson, who spent eight weeks perfecting what is described as the "10() per cent state-of-the-art control" of the new starting mechanism being used for
        Reuter  -  133 words
      • Article, Illustration
        Lock icon Ice hockey
        37 9 Reuter NEW \ORk NHL luesda>: Quebec 3 Florida 3 (OTh Washington 3 NY Islanders 4 (OT): Dallas 4 Toronto 6: St Louis 5 Chicago I; LA 1 San Jose 2: Vancouver 3 Detroit 8. Reuter
        Reuter  -  37 words
      • Article, Illustration
        Lock icon Marathon
        109 9 AFP BOSTON, Massachusetts Korea's Hwang Young Jo and defending champion Cosmas Ndeti of Kenya were among 26 runners announced on Tuesday as participants in the 98th Boston Marathon. The April 18 race will be Hwang's first competition outside of Korea since he won the 1992 Olympic marathon in 2hr
        AFP  -  109 words
      • Article, Illustration
        Lock icon Motor-racing
        76 9 AP MARANELLO, Italy Jean Alesi. the French driver of the Ferrari team, will not start in the next Formula-One Grand Prix in Japan because of compressed vertebrae suffered in a high-speed crash last week. The Italian team said in an official communique that Alesi did not sutler any "neurologic
        AP  -  76 words
      • Article, Illustration
        Lock icon Soccer
        68 9 Reuter BIKNOS AIRES Argentine soccer star Diego Maradona on Tuesday said he had finally made up his mind to play in the coming World Cup finals. The mercurial midfielder, who had kept Argentine fans on tenterhooks over the weekend with his threat to quit the national side, told a
        Reuter  -  68 words
      • Article, Illustration
        Lock icon Table Tennis
        213 9 AFP TOKYO Japan Open 2nd rd yesterday Men: Ivan Lendl (US) b Sebastian Larcau (Can) 6-1 6-4: Henrik Holm (Swe) b Guillaumc Raoux (Fra) 7-5 6-4: Kenneth CarIsen (Den) b Lou Gloria (US) 6-2 6-3: Tim Henman (Brit) b Darren Cahill (Aust) 2-6 7-6 6-1: Michael Chang (US)
        AFP  -  213 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      31 9 We Are Korea! s, ••f* Be Sure To Get Your Copy Today! Available at these hotels: Chosun Ramada Renaissance I Universal Publications Agency Ltd. A 54Kyonji-Dong,Chongno-ku dUk. Tel: 734-7611 Fax:o2-720 6505
      31 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      731 10 Nothing Beats A Budor GENUINE TASTE OF ITALY. Come and dine at Pasta Fretca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert. Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BLK 833 *>1-03 ROYALVK.LE BUWT TIMAH
      731 words
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      Page 10 Advertisements Column 2
      181 10 WHERE TO WINE, DINE AND ENTERTAIN Japanese Lunch Dinner Buffet 1-30 April At our Japanese Buffet, you can help yourself to the wide range of dishes. Enjoy Cha Soba, Tempura, Chawan Mushi, Sushi and many more. Adult: *$18.50 Child *$12.00 Subject lo 10* service charge and existing government taxes including
      181 words
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      Page 10 Advertisements Column 3
      372 10 pjp<e tt isoirs 'Widest appetiser choice. If we were to lay the appetiser spread at our monthly international (unch Buffet down Orchard %pad, you 11 have the widest choice in town. Lit• era((y and wonderfully. fQP Jot reservations, please call *****51. /fj M 'British 'Buffet for the month of If
      372 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Young musicians going traditional
      550 11 In Japan, students are urged to learn to play Japanese instruments and renew respect for traditional music NYT A growing number of Japanese public schools are offering music lessons for traditional instruments such as the koto, or harp, and the shamisen, or banjo, under a Ministry
      NYT  -  550 words
    • Article
      Lock icon Number is up for Chinese publishers in smutty deals
      277 11 UPI Authorities in Beijing are clamping down on publishers who are illegally gleaning profits from the black market in pornography and martial arts books, an official newspaper said yesterday. Pornographers are paying publishers up to 4,000 yuan (SS72O) for their governmentissued
      UPI  -  277 words
    • Article, Illustration
      Lock icon Paquin trying to cope
      323 11 CHATTERBOX AFP NYT Reuter AP ANNA PAQUIN, the 11-year-old Oscar winner, has signed with a major US agent to help her cope with pressure from movie-makers, the New Zealand Herald reports. Even before being named best supporting actress for The Piano last month, she was being
      AFP; NYT; Reuter; AP  -  323 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      190 11 H Enjoy the delicate temptation of the finest Cantonese dian xin for lunch, freshly prepared by our team of Hong Kong chefs. And what better place than the Summer Palace to eat to your heart's content. the V Singapore A Fou* Seasons Recent Hotel 1 Cutcaden Road. S'pore 1024. Tel:
      190 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1210 11 TV RADIO Shirley Bassey In Cardiff, Bpm, k,, SBCI2 \m Ihe singer performs ta\ourites y> < like Goldfinger. Diamonds are T >g'V-ifr* Forever. What Son My Love jjr'' Unfunny comedy has f\ Richard Pryor as an engineer |i who gets the career opportuni- J ty of a lifetime. It involves
      1,210 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon Smart dictation system a boon for bosses and secretaries
      487 12  -  Ven Sreenivasan checks out the new state-of-the-art Voice Writer specially designed for bosses on the move Ven Sreenivasan In today's fast-paced business environment, few executives can afford the luxury of going back to their office every time they have a letter
      Source: Lanier S'pore  -  487 words
    • Article, Illustration
      New purifier uses UV light for cleaner water
      291 12 A WATER purification system just introduced locally is said to be the only one of its kind in the region using ultra-violet light in the purifying process. The ultraviolet technology in the Tami water-purifying system manufactured by Israel's Tana Industries and sold
      291 words
    • IN TAKES
      • Article
        GSM conference in HK
        104 12 SINGAPORE Here's a chance to discover the latest in GSM, the advanced mobile phone technology recently introduced here by Singapore Telecom. The Pan-Asian Information Task Force is holding its second annual Pan-Asian GSM Summit from Apr 25-28 at the Kowloon Shangri-La Hotel in Hongkong. A highlight
        104 words
      • Article, Illustration
        Lock icon Bacteria useful in cleaning oil spills
        101 12 Reuter LONDON Using bacteria to clean up oil spills can work, and there are scientific ways to measure its success, researchers reported on Thursday. Oil-eating bacteria were used experimentally after the 1989 Exxon Valdez oil spill, which dumped 50 million litres of oil into
        Reuter  -  101 words
      • Article
        Speak and your mobile phone dials
        111 12 SAN DIEGO. California Hughes Network Systems has introduced the world's first cellular phone with voice recognition capability. The P7IOOVR makes it possible for the user to dial by simply saying the number or even the name of the person to call. Speaker-dependent voice activation
        111 words
      • Article
        Lock icon Keeping a green eye from above
        86 12 UPI CAPE CANAVERAL. Florida From a vantage point 220 km above the planet, six astronauts and a suite of radar probes are poised to begin today a shuttle-based survey of environmentally troubled hotspots on Earth. Working split shifts around the clock, the astronauts of
        UPI  -  86 words
      • Article
        Lock icon Ocean sound tests on warming
        110 12 AP SAN FRANCISCO Responding to a wave of public criticism, scientists planning to test global warming by transmitting highvolume sounds through the ocean say they will assist in completing an environmental assessment before starting the experiment off Big Sur. California. Scientists at Scripps Institution of
        AP  -  110 words
    • Article
      Lock icon High-tech program gets to heart of patients' illness
      509 12 NYT A COLOURFUL laser disc-based program has helped Dr Richard Deits' patients get to the heart of their illnesses. The program, developed by the Californian cardiologist and a group of computer experts. is an interactive patienteducation system that explains all types of
      NYT  -  509 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      293 12 Knocking on Wood What kindled the timber fever and can timber stocks IJJYTjSSL deliver what they've L promised? ALSO IN THIS ISSUE: New life for old flats Bargains on KL's Second Board Are Sydney's apartments really good buys? How liable are non-executive directors? Why foreigners are betting on the Nikkei
      293 words
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  • THE LAW PAGE
    • Article, Illustration
      S'pore should take on HK as arbitration centre
      923 13  -  Two arbitration authorities discuss their views with Ramesh Divyanathan Ramesh Divyanathan SINGAPORE needs to promote itself more as an arbitration centre in the face of stiff competition from Hongkong, a former Lord Justice of Appeal and honorary president of the London Court
      923 words
    • Article, Illustration
      SBC in rollin' dispute with pub
      605 13  -  AT THE By Ramesh Divyanathan YOU could see a legal dispute coming a pub and a Singapore Broadcasting Corporation programme both share the same name "Rollin' Good Times". SBC's weekly Rollin' Good Times programme, which highlights the music, personalities and trends of yesteryear, just
      605 words
    • Article
      Lock icon Shortage of judges hampers US courts
      653 13 NYT JUST inside the marble lobby of the federal courthouse in lower Manhattan stand two signs. One is a director) of judges' chambers. The other, with equal sobriety, offers a score card of which of the area's federal courts is missing the most judges
      NYT  -  653 words
  • Page 13 Advertisements
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      250 13 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883• FAX:'74I-1298 REED X. »VS ASIAN X PUBLISHING f BUSINESS JOURNALISTS I Reed Asian Publishing is a member of the Reed-Elsevier group, one H of the world's largest publishing and information companies. Reed- H Elsevier's other operations in the Asia-Pacific region include H Cahners, Reed
      250 words
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      Page 13 Advertisements Column 2
      18 13 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ To advertise your Appomtments of Moticot, 1-800-741-1883 |"ll»e Startlto Tlbm
      18 words
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      Page 13 Advertisements Column 3
      39 13 O\AY \< 4VUC MOU th*\CAV\*j foot X^'AT*t af" to*** li'titt* HOvH/\ tfvusfivc i* WHIA woviUy -Hvt KMASI ca'aa;-4*9 C^^N> Ydu AM Wr»'w\\<iu>rir Ta*AoOr |'f «tHc. randoor d<w* to in/*> booting p*ss*^c. (Utf\4 *h>C6ww)^^i> or t_ 01*1. ftjy t ple*se_f<.l 7H-&1&.
      39 words
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  • Article
    No to last-ditch protectionism
    534 14 EDITORIAL THE MOVE by the United States and France to make market-ooening in rich countries conditional on the developing world adopting "universally recognised" labour standards and other as-yet-unspcci-fied social reforms is arbitrary and deplorable. Coming. as it does —just days before the Uruguay Round package is
    534 words
  • WHAT THE OTHERS SAY
    • Article
      Testing time for Chuan
      249 14 THAILAND'S coalition government has been in power for about 20 months longer than what many observers forecast. But its future does not look promising. An open rift has developed between the government and the opposition over amending the Constitution that was imposed by the military when
      249 words
    • Article
      Talk without provoking
      146 14 THE SITUATION on the Korean peninsula is not only tense but confusing. Washington is finding it hard to convince all the permanent members of the UN Security Council to treat a North Korean nuclear capability as a threat to global peace. China especially and. to some extent.
      146 words
    • Article
      Time for Major to go?
      205 14 THE deteriorating position of British Prime Minister John Major must be adding to the worries of Governor Chris Patten. Mr Patten is not only one of the prime minister's most trusted advisers, he is a close personal friend. Only last week Mr Patten was, as
      205 words
    • Article
      Stop this public poisoning
      159 14 VEGETABLES are highly recommended for general good health, but with the pestilential use of excessive pesticide on vegetables by local farmers. Malaysians may have to stop eating them for their own good. Pouring "cocktails" of pesticides on vegetables to save their crop from insects ought to
      159 words
    • Article
      Grab the chance
      181 14 NOT EVERYONE living in an HDB rental flat is unable to buy resale flats or to apply for new ones. Some families may be reluctant to move elsewhere because they have become accustomed to living in their rental flat. There may also be younger members of the
      181 words
    • Article
      An eye-opener for tourists
      124 14 MALAYSIA is well into its Visit Malaysia Year (VMY) '94. It seems now that the target of seven million tourist arrivals will be more than met. We Malaysians should strengthen and preserve our national heritage when we welcome tourists to our shores. We should be proud
      124 words
  • Article, Illustration
    Lock icon The jungle that is New York City
    813 14  -  A M Rosenthal finds it ridiculous to expect New Yorkers to feel relieved about a slight drop in the crime rate when the city has degenerated so much A M Rosenthal NYT CRIME is going down in New York City. Crime is going
    NYT  -  813 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      138 14 Carry a Quantum* briefcase and a portfolio to work at the same time. Focus Quantum Z Classic Quantum' "S Milano Quantum T WJ =T r y This exclusive Smart Hinge is specially fitted into each Quantum* U'•.. V j case to allow you to use it in two positions. As
      138 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      89 14 I AMD OJ b£HM-F OF TW€. LOW 6 SUFfeKitfG] (\s this rue PLATFoRrn cor Y *nu'nE.£S I'D utce fD weuLoMe I \FOR TH€. SP£CI«L X V N^oU UNM<TiGAre£> H£.U_ VzH- y S s 1/ 11 £S, ffe)S £b -%yuk C AMOCWTIB jBWWHB LIB, IW-IIM ""'W 9ltO POONESBURY GARRY TRUDEAU UNLPER
      89 words
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  • ANALYSIS
    • Article, Illustration
      Indonesia gets ready for the passing of an era
      1140 15  -  President Suharto says he won't be at the helm much longer. Maggie Ford discusses how the political scene is expected to change as the long-serving strongman takes a step back. The accompanying article examines the army's gradual move away from political
      1,140 words
    • Article, Illustration
      The army: a shift in focus from security to prosperity
      876 15 THE Indonesian army is changing its role in politics but will not withdraw in the foreseeable future, senior Jakarta analysts say. A soft approach will replace the coercive approach used in the past. But in case of ethnic or religious
      876 words
  • Page 15 Advertisements
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  • Article
    Lock icon Gatt chief convening meeting to smooth path to accord
    410 16 Reuter. Knight-Ridder BRUSSELS Gatt DirectorGeneral Peter Sutherland is convening a meeting of senior Uruguay Round negotiators in Geneva today to try to defuse a row over workers' rights which threatens to disrupt ministerial talks next week. A Gatt official said the
    Reuter.; Knight-Ridder  -  410 words
  • Article
    Lock icon AT&T forms global communication services unit
    256 16 Reuter NEW YORK American Telephone Telegraph Co has formed World Plus Inc. a new global subsidiary that will offer global communication services. The company yesterday said the first service available from World Plus would allow customers to make calls from 40 countries by calling
    Reuter  -  256 words
  • Article, Illustration
    Lock icon Times are tough even for a world record breaker
    46 16 Reuter LONDON British engineer Mike Burrows, whose bicycle shattered two world records in the Barcelona Olympics, announced on Wednesday that he was working for a Taiwanese cycle company after failing to find any UK job offers. Reuter
    Reuter  -  46 words
  • Article
    Lock icon Bundesbank sanctions small cut in money market rate
    419 16 Reuter FRANKFURT The Bundesbank gingerly nudged German short-term rates lower on Wednesday, sanctioning a small cut in its key securities repurchase rate which sets the tone for other money market interest rates. The Bundesbank allowed the securities repurchase rate or "repo", its
    Reuter  -  419 words
  • Article
    Lock icon Asean private sector working on satellite TV network
    276 16 AFP KUALA LUMPUR The private sector in the Association of South-east Asian Nations is working towards jointly launching an Asean satellite television network. Malaysia's Information Minister Mohamed Rahmat yesterday said the proposed network would be an alternative to Western-controlled stations which now
    AFP  -  276 words
  • Article
    Lock icon Strong rebound in US stocks, bonds, dollar as bargain hunters return
    386 16 Reutcr NEW YORK Stocks, bonds and the US dollar staged a dramatic rebound on Tuesday as interest rates tumbled and investors shopped for bargains after the market s recent rout. The Dow Jones Industrial Average closed up 82.06 points
    Reutcr  -  386 words
  • Article
    Lock icon Threat of new polls emerges in Italy
    245 16 Reuter ROME Media magnate Silvio Berlusconi's Forza Italia party threatened yesterday to force another general election if federalist leader Umberto Bossi persisted in blocking talks on formation of a new government. "If Umberto Bossi betrays the popular will once more, impeding the formation
    Reuter  -  245 words
  • Article, Illustration
    There's something wrong with the US definition of right
    930 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent BIT by bit. the Clinton administration's hidden agenda to shatter the multilateral scheme of things and remould it nearer to its heart's desire (to paraphrase the Persian poet
    930 words
  • Article
    Lock icon World trade volume to grow by up to 6pc
    140 16 Knight-Ridder HAMBURG The volume of world trade this year will exceed last year's by 5 per cent or 6 per cent and grow even faster in coming years, the Hamburg Economic Research Institute HWWA said yesterday. In light of only slow
    Knight-Ridder  -  140 words
  • Article
    Lock icon Israelis upset Palestinians by leaving negotiations
    510 16 Reuter CAIRO Israeli negotiators walked away from unfinished business yesterday, infuriating Palestinians impaiient to make a deal on deploying Palestinian policemen in Gaza and the West Bank town of Jericho. Egyptian Foreign Minister Amr Moussa. in an unusual departure from his role as neutral
    Reuter  -  510 words
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  • COMPANIES & MARKETS
    • Article
      Four institutions buy total of 23pc in Transpac
      281 17  -  By Ven Sreenivasan SINGAPORE Four institutional investors have taken substantial interests in newlylisted investment company Transpac Industrial Holdings. The Post Office Savings Bank. NTUC Income, Public Bank (Labuan) and Interseco VI Corp of Switzerland have together bought 9.2 million Transpac shares, giving
      281 words
    • Article, Illustration
      Nippecraft's strike price set at 55 cents
      408 17  -  By Corinne Kerk SINGAPORE Bearish market sentiment seems to have held down the provisional strike price for the tender portion of diary maker Nippecraft's initial public offer. It has been set at 55 cents or just 22 per cent more than the minimum
      408 words
    • Article
      KIE wins $20m contracts in China, Malaysia
      159 17 SINGAPORE Keppel Integrated Engineering (KIE) has won $20 million worth of contracts in China and Malaysia through a subsidiary which specialises in controlling corrosion in buried or immersed steel. KIE said yesterday that the subsidiary, Cathodic Protection Technology, had been appointed sole supplier
      159 words
    • Article
      Lock icon TRI still waiting for approval for demerger scheme
      206 17 MBT KUALA LUMPUR The Securities Commission (SC) has yet to give its approval to Technology Resources Industries Bhd (TRl)'s proposed demerger scheme involving the distribution of shares in Malaysian Helicopter Services Bhd to shareholders of TRI. In a statement yesterday, TRI said
      MBT  -  206 words
    • Article, Illustration
      A partnership that works
      766 17  -  HOCK LOCK SIEW By Joyce Quek SINGAPORE Take two tycoons Khoo Teck Puat and Ong Beng Seng. Take common origins Malaysian-born. Sin-gapore-made. Take common interests hotels, love of Orchard Road properties, and listed firms. Take their reputations idea-filled, trendspotting. big-time negotiators. In an arena as small
      766 words
    • Article
      CPF grants trustee status to four more companies
      192 17 SINGAPORE The Central Provident Fund has given trustee status to the shares of four more listed companies. The latest list of trustee shares and investments, released yesterday, shows the addition of HI P Holdings. Hitachi Zosen Singapore. Singapore Telecom and Vickers Ballas
      192 words
    • Article
      YHS (M) to pay M$80m for 80pc of Johor broker
      247 17 SINGAPORE Yeo Hiap Seng Malaysia will spend MSBO million (SS46 million) to acquire an 80 per cent stake in Johor Baru-based stockbroker JB Securities. The move follows a crossborder deal late last year in which Yeo Hap Seng Singapore sold
      247 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        43 17 Steady Market \lootl mJu nh ilw likely trading M'ntinient Unlaw Ixised on brokers polled at \esterda\ Overnight nvnts may alter sentiment Brokers [tolled till time. Barings. Duma Gk Ooh. Ongio. Plullip Smith \«n C ourt 11/ Cdrr and SO II arhurg
        43 words
      • Article, Illustration
        HOT STOCK
        159 17  -  By Paul Leo Lien Hoe Corporation ended unchanged yesterday at 52.36 about half of its value at the peak of $4.44 on Jan 10. Short and medium-term technicals are suggesting that it will find support soon. Daily and weekly RSIs are below 25. indicating an oversold condition. Daily
        159 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          S'pore Finance general manager quits
          49 18 SINGAPORE Michael John Evans, general manager of Singapore Finance, has resigned, a statement by the company said yesterday. Lim Peng Boon, general manager of Hong Leong Finance, will concurrently perform the duties of general manager of Sing Fin till an appropriate replacement is found.
          49 words
        • Article
          Goldtron director buys warrants
          70 18 SINGAPORE Ong Soon Kiat. a director and substantial shareholder of Goldtron Ltd, has acquired 477,000 warrants on March 31 on the open market at the rate of $1.0653 per warrant, according to the company yesterday. Mr Ong now owns 17.527 million warrants, while his holding of
          70 words
        • Article
          New GK Goh executive director
          27 18 SINGAPORE Bei Kai Wen has been appointed an executive director of GK Goh Holdings Ltd with immediate effect, according to the company.
          27 words
        • Article
          CityDev unit buys Suzhou-project firm
          70 18 SINGAPORE The directors of City Developments Ltd announced yesterday that its wholly-owned subsidiary, Eccott Pte Ltd, has acquired the entire issued share capital of Shergold Investments Pte Ltd. Shergold, to be renamed CDL-Suzhou Investment Pte, has recently signed a shareholders' agreement with 18 other companies
          70 words
        • Article
          Tong Meng replies to SES query
          128 18 SINGAPORE Responding to a query from the Stock Exchange of Singapore, Tong Meng Industries Ltd said yesterday that it purchases all its stock from its subsidiary, Tong Meng Co (M) Sdn Bhd. A reduction in Tong Meng Singapore sales would have an impact on
          128 words
        • Article
          Nokia, ATT to fund Globe expansion
          90 18 MANILA Nokia Telecommunications of Finland and USbased American Telephone and Telegraph Co (ATT) are to finance 58 per cent of a 10.5 billion peso (***** million) expansion programme by Globe Telecom of the Philippines, the local firm said yesterday. Globe, in which Singapore Telecom
          90 words
      • Article
        Untitled
        470 18 Ma*agars' prictt Apr 7 us Gr Fund 104 I 08** Singapore Unit Trust W® Invest Mgt Ltd The Commerce 1.63 1.71 The Savings Fund 1.49 I 56xd 1 S pore Prog Fund 0 64 0 72 J V c £2 Spore See Fund 1.01 106 tnncd Asa Fund 169 l.79<«
        470 words
      • Article, Illustration
        Region's brokers urged to build up pool of local analysts
        540 18  -  Symposium of Asean Capital Market Regulators From Ho Kay Tat in KUALA LUMPUR ASEAN stockbrokers must build up an indigenous pool of top-flight research analysts and fund managers to keep pace with the rapid growth of the region's capital markets
        540 words
      • Article
        Lock icon KL securities body to set up development centre
        319 18 Bernama KUALA LUMPUR The Securities Commission (SC) will set up its Securities Industry Development Centre early next year to develop the Malaysian securities industry, chairman Munir Majid said yesterday. Funds for its establishment would be drawn from the existing 0.03 per cent
        Bernama  -  319 words
      • Article
        BZW tips 5 M'sian potential blue-chips
        441 18  -  From Ho Kay Tat in KUALA LUMPUR BARCLAYS de Zoete Wedd (BZW) has identified five Malaysian stocks it says are blue-chip companies in the making because they are either undergoing a massive change in business or rumoured to be getting new projects. "They may
        441 words
      • Article
        Lock icon OYL proposes cash call to pay for purchase of US companies
        446 18 Bernama KUALA LUMPUR OYL Industries Bhd yesterday said it planned to acquire the entire equity of Snyder General Corporation and Snyder General Holdings Company for MS 105 million (5555.8 million) and proposed a one-for-four rights issue of 20.341.555 shares
        Bernama  -  446 words
      • Article
        Lock icon Emico shares rise 59pc from offer price on first day of trading
        279 18 Bernama KUALA LUMPUR Emico Holdings Bhd yesterday made an impressive debut on the Kuala Lumpur Stock Exchange's second board with an opening price of M 54.20 (552.40). registering a premium of M 52.50 over its offer price. Commenting
        Bernama  -  279 words
      • Article
        DIVIDENDS ANNOUNCED
        1712 18 Payment Ex Books Pay date close date ABR Hldgs 5* F 9 Jun 29 Jul 5 Jul 15 Acma F 10 Jun 14 Jun 20 Jul S Amick Eng 20* I 6TE Apr 15 Apr 21 Apr 29 Bcrjaya Group I 6 Mar II Mar 28 Apr 18
        1,712 words
      • Article
        Lock icon Rothmans woos Malaysians in bid to revive merger plan
        534 19 Bloomberg Business News HONGKONG Rothmans International pic hopes to resurrect a plan to combine its Asian tobacco companies into a single Hongkong-based business three months after the merger was torpedoed by Malaysian stockholders. Rothmans said it has been in talks with
        Bloomberg Business News  -  534 words
      • Article
        Lock icon Associates boost Lee Hing's profit
        206 19 Bloomberg Business News HONGKONG Securities trading and real estate investment company Lee Hing Development said net profit rose 115.8 per cent in 1993 largely due to higher profit from associated companies. The company said its profit after tax and payments to minority interests rose to
        Bloomberg Business News  -  206 words
      • Article
        Lock icon China Motor Bus profit falls, hit by reduction in routes
        274 19 Bloomberg Business News HONGKONG Hongkong bus operator China Motor Bus said its net profit fell 4.3 per cent in the six months ended Dec 31. 1993. The group, one of Hongkong's two major bus companies. said its profit after taxes
        Bloomberg Business News  -  274 words
      • Article
        Lock icon Seoul to sell shares in domestic telecom monopoly
        222 19 Bloomberg Business News SEOUL The government will sell a 49 per cent stake in state-run domestic phone monopoly Korea Telecom by 1996 through a series of stock offerings. Ministry of Finance officials said. The Ministry of Finance said 5 per cent of
        Bloomberg Business News  -  222 words
      • Article
        Lock icon Hughes Network wins US$500m phone deal in Indonesia
        193 19 AFP JAKARTA Hughes Network System (HNS) of the United States is to build a fixed cellular radio telephone network for Indonesia with a capacity for at least 500,000 lines. HNS won the US$5OO million (SS7BO million) tender over such bidders as AT&T
        AFP  -  193 words
      • COMPANY BRIEFS
        • Article
          Lock icon Beijing may list state-run firms in S'pore
          97 19 Bloomberg Business News HONGKONG China is holding talks with Singapore aimed at a possible listing of Chinese state-run enterprises in Singapore, the Hong Kong Economic Journal reported, citing an unnamed official with the Stock Exchange of Singapore. There are 147 foreign companies, including
          Bloomberg Business News  -  97 words
        • Article
          Lock icon One-time loss eats into Foodland result
          97 19 Bloomberg Business News PER IH Australian grocery wholesale group Foodland Associated Ltd yesterday posted a net loss of AS 12.4 million (5513.6 million) for the seven months ended Jan 31. The loss is after one-time charges of almost AS4O million. In February, Foodland said
          Bloomberg Business News  -  97 words
        • Article
          Lock icon Citic eyes Dah Chong Hong listing
          81 19 Bloomberg Business News HONGKONG Citic Pacific will decide whether to list its wholly owned trading, retailing and vehicle distribution arm, Dah Chong Hong, this month, the Hong Kong Economic Times reported. Citic recently purchased several properties from Dah Chong Hong and is considering the
          Bloomberg Business News  -  81 words
        • Article
          Lock icon Seven-Eleven's Japan bread venture
          76 19 Bloomberg Business News TOKYO Seven-Eleven Japan, the nations' largest conve-nience-store chain, has joined trading company Itochu and food processor Ajinomoto in a fresh-bread production and sales venture. The companies aim to deliver fresh-baked bread to all of Seven-Eleven's 5.500 outlets by next year. Seven-Eleven's current supplier,
          Bloomberg Business News  -  76 words
      • Article
        Lock icon Nippon Steel and Mitsui plan steel sheet venture in Thailand
        155 19 AFP TOKYO Japan's Nippon Steel Corp and Mitsui and Co have asked the Thai government for permission to set up a joint venture to produce coldrolled steel sheet. The two companies plan to cooperate with the Siam Cement group of
        AFP  -  155 words
      • Article
        Lock icon Judge throws out AT&T's US$12b bid to buy McCaw group
        385 20 Reuter WASHINGTON A federal judge ruled on Tuesday that American Telephone Telegraph Co's proposed US$l2.6 billion (SS2O billion) acquisition of McCaw Cellular Communications Inc violates the 1982 landmark decree that broke up the telephone giant. "In the court's view, there
        Reuter  -  385 words
      • Article
        Lock icon Southwestern Bell, Cox call off US$4.9b cable merger
        286 20 NYT NEW YORK Cable reregulation took its toll again on Tuesday, as Southwestern Bell Corp and Cox Enterprises Inc called off a planned USS4.9 billion (557.6 billion) joint venture in cable television. Under the venture, announced in December. Cox would have contributed
        NYT  -  286 words
      • Article, Illustration
        Lock icon Paramount beams up 3 more stations to budding TV network
        276 20 Bloomberg Business News LOS ANGELES Paramount Network, a joint venture of Paramount Communications and Chris-Craft Industries, said it has added three stations to its budding television network, bringing the total to 36. The stations in Honolulu, Tucson, Arizona, and El
        Bloomberg Business News  -  276 words
      • Article
        Lock icon Woolworth's late payments may be window-dressing, say analysts
        447 20 Bloomberg Business News NEW YORK Woolworth Corp's repeated late payments to some of its suppliers raises questions about whether the retailer generated enough cash from stores to finance its ongoing operations, analysts say. Woolworth. which revealed last week it expects to restate
        Bloomberg Business News  -  447 words
      • Article
        Lock icon Knight-Ridder optimistic about 1994 earnings growth
        302 20 Reuter MIAMI Publishing group Knight-Ridder Inc says its 1994 outlook for earnings is good and this year's advertising revenue growth should rise by 3 to 4 per cent the strongest annual growth since 1988. In the company's annual report to shareholders on Tuesday. Knight-Ridder
        Reuter  -  302 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japanese banks expected to post larger profit falls
        569 21 Reuter TOKYO Japan's 21 biggest banks, trying to rebuild their deteriorated asset quality, will announce larger drops in profits for the year to March 31 than earlier forecast because of aggressive bad loan writeoffs, analysts said yesterday. But none of the 21
        Reuter  -  569 words
      • Article
        Lock icon US bond yields will rise if inflation hits 3.5pc: economist
        380 21 Bloomberg Business News NEW YORK Moody's Investors Service senior economist John Lonski says it is likely that bond yields will rise if the inflation rate climbs to 3.S per cent and if real gross domestic product increases by 3.7 per
        Bloomberg Business News  -  380 words
      • Article
        Lock icon Swiss up banks' capital adequacy for mortgages
        219 21 Reuter BERNE The Swiss Federal Banking Commission yesterday said Swiss banks would soon have to set aside more capital against mortgage lending for commercial construction than previously required. EBK vice-director Daniel Zuberbuehler, confirming a local news agency report, said Swiss banks would soon
        Reuter  -  219 words
      • Article
        Lock icon Equity mutual fund returns in US drop 3.33pc in 1st quarter
        370 21 KnightRidder NEW YORK Equity mutual fund returns fell 3.33 per cent on average in the first quarter, posting the worst quarterly setback since the 1990 third quarter. Upper Analytical Services lnc said yesterday. In the 1990 quarter, the Persian
        Knight- Ridder  -  370 words
      • Article
        Lock icon D&C Bank to focus on customer sector
        233 21 Bernama KUALA LUMPUR Development Commercial Bank Berhad will focus on the consumer banking sector besides its banking and financial services on the manufacturing, construction and services sectors, says chief executive officer Ismail Zakaria. "With the big increase in personal income and growing sophistication
        Bernama  -  233 words
      • Article
        Lock icon SEC head seeks more info on hedge funds
        250 21 Bloomberg Business News NEW YORK Securities and Exchange Commission chairman Arthur Levitt plans to seek more information on the activities of so-called "hedge funds". "We need a good deal more information about hedge funds," Mr Levitt said on Tuesday. Hedge funds are
        Bloomberg Business News  -  250 words
      • Article
        Thai securities firm signs US$60m facility
        143 21 SINGAPORE Thai Fuji Finance and Securities (TFFS) signed a US$6O million (SS94 million) Transferable Loan Certificate (TLC) facility in Hongkong yesterday. The facility offers TFFS a Libor plus 0.75 per cent per annum. It has a final maturity of three years. The arrangers of
        143 words
      • Article, Illustration
        Lock icon Japan investment trusts seek reforms to lift image
        456 21 Reuter TOKYO Japan's investment trusts, battered by Tokyo's bears since early 1990. are looking for ways to attract more small investors. This could take years, people in the securities industry say. One reason is that the nation's investment trusts, the equivalent of
        Reuter  -  456 words
      • Article
        Lock icon Supplies of low-sulphur fuel oil expected to tighten
        447 22 Reuter SINGAPORE Higher regional demand for 2 per eent sulphui fuel oil is expected to tighten supplies of the premium grade, raising prices and spurring blending activities in Singapore, industry sources said. "With Thailand competing with Singapore, 2 per cent sulphur grade
        Reuter  -  447 words
      • Article
        Lock icon Opec threatens to expose oil quota cheats
        347 22 Reuter KUWAIT Opec states which weaken the oil market by cheating on their production quotas could face the embarrassment of having detailed evidence of their excesses revealed to other member countries, a Kuwaiti oil source said. "We will make a scandal of the
        Reuter  -  347 words
      • Article, Illustration
        US investment funds cannot resist the lure of silver
        301 22 LONDON US investment funds' attention could switch back to silver after two days of profit-taking across the board sent precious metals prices tumbling, dealers and analysts said. The most public moves by the funds recently have been long liquidations on the
        301 words
      • Article
        Lock icon Harvest delay a boon for Indonesian coffee
        142 22 KnightRidder SINGAPORE The delayed Indonesian crop harvest is helping the country's coffee prices to stay firm, traders said here yesterday. Prices are also buoyed by a retention plan now underway among other coffee producers and fears of lou or-1 han-e.\pec-ted output of export-quality
        Knight- Ridder  -  142 words
      • Article
        Lock icon Sterling's rally against mark seen to be short-lived
        167 22 Reuter LONDON Sterling's rally in the wake of the US dollar's surge will be short-lived and while it will ultimately trade higher, it will not do so while the political backdiup remains so uncertain, analysts said. "We have to wait for some
        Reuter  -  167 words
      • Article
        Lock icon Caltex Australia's workers may strike
        319 22 Knight-Ridder CANBERRA Production at both of Caltex Australia's Kurnell refineries could be disrupted after today as workers prepare for possible strike action if the company enforces proposed stafT cutbacks. Australian Workers' Union representative Gary Wicks said the possibility of an across-the-board strike at the refineries
        Knight-Ridder  -  319 words
      • SMALL CHANGE
        • Article
          Lock icon Banka Bohemia's failed scheme
          80 22 Bloomberg Business News PRAGUE The Czech Republic's Banka Bohemia issued US$l.2 billion (S$ 1.87 billion) in dubious securities twice the amount originally stated in a failed international financing scheme. The bank's new administrator, Miloslav Dudek, appointed by the Czech National Bank to take over Banka Bohemia's
          Bloomberg Business News  -  80 words
        • Article
          Lock icon Japanese firms to issue new bonds
          65 22 Bloomberg Business News TOKYO Two Japanese electrical utilities will issue a total of 330 billion yen in new bonds as part of their financing plans for the new fiscal year. Kansai Electric Power yesterday said it would issue 300 billion yen in new bonds
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Chase to expand in Venezuela
          100 22 Reuter CARACAS Chase Manhattan Bank's president Arthur Ryan said on Tuesday the Venezuelan government was taking the right economic steps and his bank would expand operations in the nation and continue to encourage foreign investment here. "I think the government is doing the right things."
          Reuter  -  100 words
        • Article
          Lock icon More banks for Mexico
          77 22 Reuter MEXICO CITY The Mexican finance ministry has authorised the creation of three new banks and several smaller lending institutions. The authorisations were aimed at increasing competition within the Mexican financial system and achieving a more efficient and timely channelling of resources to the productive sectors
          Reuter  -  77 words
      • Article
        Lock icon Cuba plants 41,000 ha of sugar in first quarter
        194 22 Reuter HAVANA Cuba, seeking to recover its depressed sugar industry by planting nearly 400,000 ha of cane in 1994. stayed almost on target and planted 41.000 ha in the first three months of the year, official media said on Tuesday. The
        Reuter  -  194 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        131 22 THE US$ staged a sharp rally in the North American market, boosted by a healthy recovery in the stock and bond markets. However, USS gains against the local currency was somewhat muted, with the USS opening at 1.*****0, up from the 1.5675 close on Tuesday.
        131 words
      • Article
        London
        191 22 LONDON The dollar ended little changed against the Deutsche mark as the US stock and bondmarkets fell back from Tuesday's rallies. The weaker US securities stalled the dollar, which rose as much as 1.5 per cent on Tuesday. The dollar was last at 1.7135 against the mark, up slightly
        191 words
      • Article
        Oil futures prices decline as inventories rise
        149 22 Bloomberg ENERGY REPORT LONDON Oil futures prices declined in limited trade yesterday after the American Petroleum Institute reported a modest 1.15 million-barrel rise in US crude oil inventories last week, brokers said. Traders focused however on a significant increase on the Gulf Coast,
        149 words
      • Article
        Lock icon New York
        86 22 Reuter NEW YORK The dollar stood virtually unchanged at midday against most major currencies after failing to muster much momentum in morning trading. At midday, the dollar stood at 1.7145/55 marks, up slightly from its opening level of 1.7138/43. Against the yen, the dollar was trading at 104.40/47
        Reuter  -  86 words
      • Article, Illustration
        Untitled
        1658 22 I inJt «ah nkiuil atain^i S'i*ri-\ Mf' 14 iratlinie paiimr\ Hum' Ktir I9ftf US$/S$ forward rates Noon Apr 6 s$ By Olfcr 1-month I.S 7 I0 1.5725 2-month 1.5710 1.5725 V month 1 5710 1.5725 6-month 1.5706 1.5726 Saunv (X tK Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m
        1,658 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar sharply up in volatile trading
        1306 23 Reuter SINGAPORE Simex Eurodollar futures ended sharply higher in heavy volatile trading. Dealers said Eurodollars rose sharply on stop-loss buying in the afternoon session following a news report in the Washington Post quoting Federal Reserve officials saying that they are unlikely to change short-term
        Reuter  -  1,306 words
      • Article
        KL tin rises on steady London market
        622 23 COMMOOITY REPORTS Tin TIN closed five cents up to close at MSI4.2S per kg. reflecting the steadiness in London market overnight and demand from Malaysia and Japan, traders said. Final turnover was 82 tonnes against 63 on Tuesday. Tin futures were quoted slightly
        622 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Thais have 200,000 tonnes unsold sugar
          97 23 BANGKOK Thai producers probably have about 200,000 tonnes of sugar remaining to sell for May-July shipment, regional traders ana Thai millers said. As Thai cane crushing nears an end, output estimates have risen to 3.7-3.8 million tonnes of tdqiiel or mixed raw-white sugar from
          97 words
        • Article
          Brazilian coffee crop seen to fall
          114 23 SAO PAULO Brazil's 1994-95 (May-April) coffee crop will reach 22.39 million 60-kilogram bags, down 2 per cent from about 22.88 million a year ao, according to Rio de Janeiro-based exporter arcellino Martins SA. Martins is the Brazilian coffee arm of London-based E D and
          114 words
        • Article
          EC to license sugar exports
          85 23 LONDON The European Commission was expected to license exports for between 50.000 and 70,000 tonnes of white sugar at its weekly tender yesterday. The export refund is a subsidy paid by the EU to exporters to enable them to compete in world markets and is
          85 words
        • Article
          Japan's coffee stocks down
          71 23 TOKYO Japan's warehouse stocks of coffee totalled 69,099 tonnes in end-February, down 5.5 per cent from 73,154 in end-January, according to the Ministry of Agriculture. Forestry and Fisheries. Stocks of Brazilian coffee were 18.325 tonnes at end-February, down from end-January's 18,821. Colombian stocks were 10,307 tonnes,
          71 words
    • Article
      COMMODITY PRICES
      1470 23 Kuooer (Mm daaiag as at Ipai) WSS 1 Cwrlract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest May 94 151.00 150.50 149 50 550 2 300 iun 150 25 6.300 Jul 150.73 130 1.725 Aug 151.25 50 1.725 Sep 151.75 50 1.725 Oct/Dcc 152.25 6.075
      1,470 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1093 24 +34.1 Australian shares rallied yesterday after solid gains on overseas bourses complemented a firmer domestic bond market, brokers said. The market's key barometer, the All Ordinaries index, climbed to 2.084.1 points, 34.1 above Tuesday's finish. In morning trade it reached a peak of 2,100.4. The surge followed Tuesday's surge
        1,093 words
      • Article
        Manila
        609 24 +47.33 Philippine share prices climbed 1.8 per cent yesterday, following an uptick in the US stock exchange, breaking a two-day slump, traders said. The composite index at the Philippine Stock Exchange jumped 47.33 points to close at 2.680.34. It had lost 78.49 points, or nearly 3 per cent, on
        609 words
      • Article
        Taipei
        606 24 +60.88 Share prices on the Taiwan Stock Exchange remained strong yesterday as investors were encouraged by a big rise in the New York stock market. Extending the previous trading's 112.11-point jump on Saturday. the benchmark 372-issue weighted price index regained another 60.88 points, or 1.12 per cent, to finish
        606 words
      • Article
        Seoul
        414 24 +2.57 A technical rebound centred on asset play counters and blue chips led the market with the trading remaining slow in the absence of fresh (actors, brokers said. The composite stock index closed 2.57 points higher on 863.04, continuing a rebound which started on Monday. The market was closed
        414 words
      • Article
        New Zealand
        288 24 +73.49 The New Zealand share market bounced back after sinking to the year's low on Tuesday, the NZSE-40 capital index closing at 2,122.66 points, up 73.49 points (3.59 per cent). The index, which has been mostly influenced by overseas indices and capital markets, gapped almost 70 points higher
        288 words
      • Article
        Bombay
        134 24 +33.53 Share prices ended slightly higher on stray speculative buying triggered by hopes of foreign investors and Indian mutual funds returning to the market in a big way. brokers said. The Bombay Stock Exchange (BSE) 30-share index rose 33.53 points to end at a provisional 3.845.68. The 100share national
        134 words
    • WORLD STOCK MARKETS
      • Article
        London
        675 24 +15.3 Stock price gains were shaved late in the session yesterday because of a hesitant opening on Wall Street and of a decline of the US bond market. The Footsie index gained 15.3 points or O.S per cent on the day to finish at 3,131.5 points, though it had
        675 words
      • Article
        Paris
        178 24 +27.97 French stocks gained 1.3 per cent, pulled higher by a cut in a German lending rate and a strong dollar that boosts foreign investors' buying power. Oil companies Elf Aquitaine and Total and defence contractor Thomson-CSF, many of their contracts paid in dollars. were among the biggest gainers
        178 words
      • Article
        Stockholm
        133 24 +3.24pc Swedish shares ended the day more than 3.0 per cent higher across the board supported by lower debt market yields and a generally-firm foreign bourse trend. The OMX-index rose 3.24 per cent to 1126.68 in high turnover of 2.93 billion crowns. Rate-sensitive sectors such as building and property,
        133 words
      • Article
        Frankfurt
        218 24 +32.91 German stocks closed the official session higher, boosted by a strong lead from the bondmarkets as investors were relieved over Wall Street's rebound. Most of the advances came early in the day, in direct reaction to overnight gains in US share prices. Shares were higher across the board,
        218 words
      • Article
        Brussels
        144 24 +2.10 Belgian stocks closed firmer in moderate volume, once again driven upwards in late trading by Bcl-20 index basket buying. Dealers said a 10-basis point rate cut by the central bank announced just as the market closed would provide support for share prices today, the first day of the
        144 words
      • Article
        Milan
        147 24 17 Italian stocks ended mixed after media tycoon Silvio Berlusconi's decision on Tuesday night to halt talks on forming a new government. Priccs fell steeply at the opening, then rebounded. "This market is unstoppable," said a trader at Euromobiliare. "At every sign of weakness, Italian funds jump into buy."
        147 words
      • Article
        Amsterdam
        237 24 +7.41 Wall Street's sharply higher close on Tuesday ignited a rally on the Amsterdam Stock Exchange, but dealers said trading remained thin and they did not dare to make predictions for today's direction. The AEX Index finished up 7.41 points, or 1.83 per cent, at 412.81. Option-re-lated buying propelled
        237 words
      • Article
        Zurich
        259 24 +14.67 Strong performing Financials led Swiss shares to a firmer close. A strong Wall Street overnight had helped Swiss stocks from the start, but the market found resistance at 2,840 points on the SMI index, dealers said. The SMI ended at a final 2,830.2, 22.9 points above Tuesday's close.
        259 words
      • Article
        Toronto
        267 24 +25.69 Stocks climbed in early trading, extending Tuesday's technical rally, with continued strength expected later. The TSE 300 composite index rose 25.69 points to 4298.98 on volume of 9.83 million shares valued at CS138.52 million. Advancing issues outpaced declines 258 to 83, with 199 stocks unchanged. On Tuesday the
        267 words
      • Article
        New York
        786 24 -15 Wall Street stocks turned lower at midday in what analysts said was a day of stabilisation following Tuesday's unexpectedly strong rally. The Dow was down about 15 at 3660 while advances and declines were almost even. US Treasuries were mostly weaker, with the long bond down 20/32
        786 words
      • Article
        Untitled
        880 24 Britannia Finds StefttaR Cash Bid (Wfct Mim < ap Drpu-.il 1*M0U M *500 Mim kw (.ik O.IOTJ 0 l« Mint Max Intunw ****** ****** IWCMk liKunx PW> Fund *9100 10 4500 PS J Rrwne Fund 5.2500 5 2*00 MuHiag Eqaity Euro IVrfcnnaik.* .0.4512 0 41M Far Lnl Fund _.*2 7*50
        880 words
    • Article, Illustration
      Lock icon HONGKONG
      3072 25 Reuter HONGKONG Stocks bounced back sharply on a technical rebound, buoyed by Wall Street's recovery overnight, but profit-taking pulled them off highs, brokers said. The blue chip Hang Seng index ended up 204.40 points, or 2.26 per cent, to 9,234.31, after gaining 346 points at the morning peak. An
      Reuter; Source: Bridge Info  -  3,072 words
    • Article, Illustration
      CHINA
      537 25 THE Shanghai CLSA B index retreated another 1.2 per cent or 8.88 points, with mixed performances across the board. China First Pencil in particular lost 25 per cent to 27 US cents. The China Textile Machinery also lost 11 per cent. The only counter to significantly buck the downtrend
      537 words
    • Article, Illustration
      Lock icon TOKYO
      2549 25 Reuter TOKYO The stocks ended stronger but off highs as arbi-trage-linked selling just before the close cut some gains made in the morning on the back of US markets' recovery overnight, brokers said. Trade was thin and quiet with no new incentives, they said. "The yen's decline and a
      Reuter; Source: Bridge Info  -  2,549 words
    • Article, Illustration
      Lock icon JAKARTA
      1182 25 Reuter JAKARTA Share prices closed lower in dull trading with the local market seemingly unaffected by a rebound in regional bourses, brokers said The Composite Index was down 7.00 points at 473.96. "The region has rebounded today because of (US President) Clinton's statement that US interest rates were too
      Reuter; Source: Bridge Info  -  1,182 words
    • Article
      CLOB INTERNATIONAL
      2791 26 MOST ACTIVE »votom Prumct *729.000 Idris H\ J MX *432.000 Mulpha lull MX. 4.*****1) \MDB MX 5.202.000 kaniunling MX 4*8*000 Johan Hldgs MX V MS 000 F At B MX urna Fahcr Group .1142.0(10 Mcnang t'orp 2.977.000 PcSiMsia 2.800 000 Kcnong Bhd MX- 2.757.000 Lien Hoc TSK^ 7
      2,791 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices end higher on Wall Street gains
        5897 26 Bernama KUALA LUMPUR Share prices closed higher in fairly brisk trading yesterday, helped by Wall Street's overnight gain and bargain-hunting on the recent falls. Despite the surge, dealers said the market undertone remained moderately cautious with major players noticeably absent from the local
        Bernama; Source: Bridge Info  -  5,897 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7391 27 IKMN BOARD Transaction date: Apr 6 Or Gr 1993/94 Last Vol Day Last Quote IN' 1M« \M Net M Cap lli«k Loo Company Sale 000) lli«h Loo Buyer Seller Oi S P/E Smil INDUSTRIAL AND COMMERCIAL 1440 260 I s Aetna 915 cd +5 61 945 915 915 910 17
        7,391 words
      • Article, Illustration
        Lock icon Wall Street surge boosts confidence on local bourse
        1968 28  -  By Paul Leo SINGAPORE Confidence on the local bourse yesterday was boosted by an overnight surge on Wall Street. The Straits Times Industrials Index started on a strong footing, achieving most of its day's gains within the first hour of trading. It
        Charts by Bridge Info; Source: Bloomberg  -  1,968 words
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      422 17 NEWS VALUE How today's news might athn your slinks Satin croup makes Ms34sm reverse takeover of SEAL PX 1 1 Positive impact on SEAL's share price, especiallv the guaranteed annual profits ol MS43 million over two years. Region's stock markets show burst of strength fa I) Mow the Do\* performed
      422 words
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      222 words
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      376 20 UfIWU r CMBOar Mot's Jurior vJtapM V I M b*H M b*H dbiM) Team Entry Mn| a V r ECI 1 Qy aN WmKj rrm i i i i i i i i ti m i Five persons may form a team and enter the team event wtthout affecting the
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      789 21 SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting of the Company will be held at the Company's Registered Office at the Shipyard. Admiralty Road East. Sembawang, Singapore 2775, on 29 April 1994 at 10.30
      789 words
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      Page 24 Advertisements Column 1
      21 24 Piaget. True values never change. *01-01 .Mandarin Shopping Arcade, The Mandarin Singapore. 333 Orchard Road, Singapore PiageT JOMLLIER EN HORLjXEJUE DEPUISIB74
      21 words
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      Page 25 Advertisements Column 1
      165 25 I I Over 30 years of experience has led Svenson to the Single Hair System V Svenson Hair Center has helped thousands of people counteract hair and scalp A problems with their unique formulations based on research gathered from leading institutions the world over. With years of technological development the
      165 words
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      Page 26 Advertisements Column 1
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      Page 26 Advertisements Column 2
      5 26 I^MARKletincj Tomorrow in Business Times
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      109 27 BlancpaiN j Since 1735 there has NEVER BEEN A QUARTZ BLANCPAIN WATCH And there never will be. Singapote TIIEIKXJK CI ASS lucky Plata Tel *****2tV1 Souls Tel 2i*>527/7l<» Cciilmxwnl Tel *****MM01 Peninsula Mau.lM mnmrmVAi WfcuMHadeCenlie 1W *****07 Palais Renaissance. TH TIH MiTW Kaflles lH 114)241 Ch.uißi Airpiwt Tenninal 1(1 fcWesl
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      1434 28 B__y__S__L_N ESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 t 111 IN THE MA l TEH OF THE COMPANIES ACT. CHAPTER SO ANO IN THE MATTER OF KAIFA MAGNETICS PTE LTD (IN LIQUIDATION) Extract of the Minutes ol an Extraordinary General Meeting signed by the Representative of Holding Company relating to
      1,434 words
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      Page 28 Advertisements Column 2
      356 28 M THE MATTER OF THE COMPAMES ACT, CHAPTER 90 AND M THE MATTER OF ARBUTHNOT EXPORT SERVICES (FAR EAST) LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on 28 March 1994 at 32nd Floor. One Exchange Square. 8 Connaught Place. Central Hong Kong at 1100
      356 words
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  • Shipping Times
    • Article
      Maersk to set up unit in China
      285 29  -  Container giant gets nod for full range of services By Alec Almazan SINGAPORE European container giant Maersk AS has been granted a licence to establish a wholly-owned subsidiary in China, the company announced in a statement on Tuesday. This makes Maersk the largest
      285 words
    • Article
      Lock icon Gatt to exclude shipping in accord
      295 29 AFP WASHINGTON Shipping has proved too hard a nut to crack for trade negotiators from 120 countries and will not be included in the multilateral trade agreement to be signed in Morocco next month. The best that negotiators could do in the final stages
      AFP  -  295 words
    • Article
      Lock icon Greek fleet world's largest by far
      706 29 Seatrade Week Newsfront LONDON At the beginning of last month the Greek-owned fleet stood at 120 m dwt, according to statistical data provided by Lloyd's Register of Shipping. This massive fleet consolidates the Greeks' position, by far, as controllers of the world's largest fleet.
      Seatrade Week Newsfront  -  706 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      827 29 Page Col ABC Containerize 12 5 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line. The 9 5 Batamindo 7 5
      827 words
    • Article, Illustration
      Lock icon Nuclear protest
      30 29 Reuter TSLRLGA, Japan A Greenpeace boat sails near Japan's prototype fast breeder reactor (FBR) .Vlonju in protest against FBR operations as it begins self-sustaining nuclear reaction on Tuesday.
      Reuter  -  30 words
    • Article
      Lock icon Chiwan Wharf's profits up 54pc
      181 29 Bloomberg Business News HONGKONG Chiwan Wharf Holdings, a Shenzhenbased port operator, said yesterday its after-tax profits rose 54.2 per cent in 1993, thanks to increased land transport and shipping activity. Chiwan. which lists both 'A' and 'B' shares on the Shenzhen Stock Exchange, said after-tax
      Bloomberg Business News  -  181 words
    • Article
      US approves anti-foulant for use in marine paint
      191 29 SINGAPORE The US Environment Protection Agency has approved the biocide SeaNine 211 for use in marine paint. Maker Rohm and Hass said yesterday the move would help get the product accepted around the world. Sea-Nine 211 is the first, new-generation organic biocide
      191 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        599 30 >tml Voy Kb Btrft arrival Bgrtw Vtsstl Voy No Bcrlh Arrival Otparturt Jurong Part %mi m o»o* xoo ■Man M* N110 112 07 04 2300 lay Oo 1 94 P04 0/ 04 0600 Batan Ik** 04 02 94 19 07 04 2300 Thjiukul 2 007 P01A Mats*
        599 words
      • Article
        CONTAINER SCHEDULES
        1804 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* to Ml 1838 08/1100 18 06/1500 06 1659 06 1900 28 06 UOO 07/0659 0/ 0900 4 07/1200 07 MM 07'1700
        1,804 words
    • Article
      THE SHIPPING GUIDE
      13704 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,704 words
    • Article
      SHIPPING AGENTS
      3349 43 vIMC Containerline NV: Bclsin Shpg "Agencies Pie Lid (SVManne Handling *Sdn Bhd (PK/PN) •■"Accord Croup: Accord Shpg Pie Lid (JjVAccord C'ontr Line (PK/PN). Business Corporation Philippine: Calsource Shpg Trdg Pie Ltd (S) "Ahrenkiel Liner Service: Kim Shpg ,»Trdg (S). Sea-Air Service: Frata Shpg Pte Ltd (S). C loepfer
      3,349 words
    • Article
      COURIER SERVICES
      280 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express I ratel Td: 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. CitvlJnk International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies A
      280 words
    • Article
      AIR FORWARDERS
      1504 43 Abex F.xpress Freight Tel: 542-7171. Fax *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20 Aeraliak Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel 542-5911. Fax: *****18 Air Cargo Novo Express Td: 542-5454 Fax: *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,504 words
    • Article
      PORT CONDITIONS
      2483 44 ALBANIA Durres: Three vessels in port, all discharging of which I bulk sand, I bagged wheat flour, 1 coal/coke, 2 vessels in roads awaiting berths of which 1 to discharge chicken feed. I bagged sugar. ANGOLA Luanda: Port operating normally. 2 vessels discharging, no berthing delays. Lobito: Fort
      2,483 words
    • Article
      CRUISE & FERRY SCHEDULES
      902 44 CRUISE FERRY SCHEDULES CRUISE SNIPS Ait Dep Name of Vessel ETA E I D Forts of Calls Port Vgent Telephone No APRIL 07 07 Leisure World 1000 2015 Jakarta Sin Lauw Sons Travel 227-8284 Port KJang 08 08 Renaissance 2 1130 2030 Port KJang Lines Int'l Holdings 224-2763 Cruise to
      902 words
    • Article
      SHIP SALES & TANKER RATES
      661 44 SHIP SALES TANKER RATES DESPITE expectations that we would have a slow week, there have been a number of sales or rumours circulating, with a lot of underlying inspections etc going on. Initially the panamax bulker World Star 68,000 dwt and built 1985 was committed at about US$l5.5 million to
      661 words
    • Article
      TRANSPORT DIARY
      280 45 COURSES Title: Import/Export Shipping Procedures (SDF 50%) Duration: Apr 14 June 2 Organiser: Elim Management Services Tet For further registration contact 292-5670. Title: PSA Shipping Delivery Warehousing Procedures Duration: Apr 18-22 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Title:
      280 words
    • Article
      COCKETT BUNKER MARKET REPORT
      762 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of 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
      762 words
    • Article
      DAILY FREIGHTS
      1557 45 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,208 on Tuesday from 1,206 on March 31. Holidays in the east dampened activity as trading slowly resumed following the long Easter holiday break here, brokers said. The key US grain routes have been slow, with
      1,557 words
    • Article, Illustration
      Lock icon Changing partners on the Europe-Asia trade
      969 46  -  Truly global consortia have started to emerge as conference carriers announce a reshuffling of alliances, reports Elizabeth Canna Elizabeth Canna American Shipper AFTER a few years of playing the field, containership operators are deciding who their long-term global partners will .be. Three conference consortia
      American Shipper  -  969 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Lorenzo unfit to start new airline: US govt
        432 48 AP WASHINGTON The Department of Transportation said on Tuesday that Frank Lorenzo's past record in the airline industry made him "unfit" to get the right to start again. Mr Lorenzo has failed to show that he "has sufficient management ability to ensure
        AP  -  432 words
      • Article
        Lock icon Emirates expects record profits this year
        304 48 Reuter DUBAI Dubai-owned Emirates, one of the world's fastest-growing airlines, is expecting record profits this year as its capacity grows and the age of its already young fleet drops even more. "This year could turn out to be our most profitable ever. We are
        Reuter  -  304 words
      • Article, Illustration
        Lock icon Where once the mighty Ganges flowed
        61 48 AFP PAKSEY, Bangladesh Residents cross a brick road last week that has been laid on a stretch of land once part of the mighty Ganges River, in western Bangladesh. The Hardinge Bridge (background) stands as a testimony to the effects of India's Farakka Barrage,
        AFP  -  61 words
      • Article
        Lock icon US firms brace for possible nationwide strike by truckers
        418 48 Reuter, Los Angeles Times WASHINGTON Eighty thousand members at major trucking companies across the United States were expected to walk off their jobs yesterday and their union, the Teamsters, said another 40,000 at other freight companies may strike later. While a
        Reuter,; Los Angeles Times  -  418 words
      • Article
        Lock icon Continental to give 1 million shares to staff
        493 48 Reuter NEW YORK Continental Airlines on Tuesday said it would make a one-time grant to its employees of about one million shares of the company's stock. The US carrier said the shares represent about 4 per cent of the company. The airline
        Reuter  -  493 words
      • Article
        Lock icon Amtrak awards US$500m deal to IBM unit
        385 48 Bloomberg Business News WASHINGTON Amtrak on Tuesday awarded a US$5OO-million (SS79O million) contract to a unit of International Business Machines Corp (IBM) that manages other companies 1 data-processing needs. The contract, over 10 years, will allow the nation's passenger rail system to focus
        Bloomberg Business News  -  385 words
      • LOG BOOK
        • Article
          GST air freight dispute resolved
          100 48 SINGAPORE A dispute between air freight forwarders and the government on a GST provision requiring prior outward declaration for exports with a value above $10,000. has been resolved. Air cargo agents represented by the Singapore Aircargo Agents Association have agreed to comply with the provision,
          100 words
        • Article
          Lock icon Moscow's ZIL factory freezes production
          103 48 AFP MOSCOW Moscow's ZIL car factory, maker of the famous Apparatchiks' limousine, has been forced to close its doors for the first 10 days of April because of high debts, state television said. Managers of ZIL, a state concern turned into a shareholding company in
          AFP  -  103 words
        • Article
          Lock icon Greek firm buys A$25m Aussie ferry
          90 48 Reuter MELBOURNE Australia's state of Tasmania sold the Abel Tasman ferry to Ventouris Group Enterprises SA of Greece for A 524.7 million (5527.1 million), the Tasmanian government said. Robin Gray, the minister responsible for the government's shipping arm, TT-Line, said the price was Ass
          Reuter  -  90 words
        • Article
          Lock icon McDonnell gets US$582m for planes
          113 48 Reuter WASHINGTON McDonnell Douglas Corp has received $582 million (Ss9l3 million) in US defence funds for work on F-15 attack jets for Saudi Arabia and on C-17 military cargo planes, the Pentagon said on Monday. The Defence Department said McDonnell had been awarded a USS2B4
          Reuter  -  113 words
        • Article
          Lock icon US auto output seen up 11pc in 2nd qtr
          103 48 Bloomberg Business News DETROIT US automakers plan an 11.4 per cent increase in second-quarter auto production, says Ward's Automotive Reports. Including vehicles produced in Mexico for the US market, automakers plan to make 4.11 million cars and trucks in North America
          Bloomberg Business News  -  103 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1731 48 aty nm n* nm n a& nm m r—< ni_ Ms Dhabi Gf 146 1120 Gf 147 1850 6mm* SRI83 2105 GA98S 1435 tanilwi SQ803 2045 SQ804 1145 j-SU }|H Qf82 2P 55 lh—1 VN741 1310 VN740 1410 0505 KL838 gg?5 5026 2355 VN741 1310 SQ172
        1,731 words
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      11 29 PERSONAL FINANCE INVESTMENT Every Saturday in Bu<;inp <;<; T i m p <;
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      20 29 UMS Md MTvictt rapTMMtMI Mirtin «f Hm Rntetry «f Accratftei(ifffXS\ SMppjtifr*. Stop»c WattoMl SMf Fasrtverlsinganquiim, contact Shipping Times: T«l 740-2069/740-2090
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      Page 29 Advertisements Column 3
      200 29 the FAMOUS imk/wmk ■CEOnnil 224 1833 For more information please refer to Pg. 13 Europe-Asia reshuffle begins, Page 18 Lorenzo unfit to start new airline, Back Page I Shipping Lines I I In The Far East/ I I Middle East Trade I I To Adjust I I Doha Arbitrary I
      200 words
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      426 30 TSKUNE AGENOES (S) PTE. LID. j AmmA 'I 1 |7 V wmrp Tel: 226-3363 nVHQ JL |3# JX I Jl\r Fax: 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LIB. CR No: **********0N 1 ■■■.■UI.WJMU W.U.U '.'MMPAWA'.UA'.' 'AW.W W'.W.MMSi ,JL| JI.LI ,JL|L|| II ■|||jl I IL|,UUL| ||ji I WSttm Hi Hi.
      426 words
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      Page 30 Advertisements Column 2
      1103 30 t rw U MH n gj < m JOEL, mm «r naa hhtti mar *ri«r umt ft ur unw m u» CAUFOMK MCRCURY I U I ***** 1 JO 4 I FT] 4 5551 35 I IS|is 45 75 SOL. ftCXMOUI/ 03* 114 74 I »5 11.5 I 125 105
      1,103 words
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      2235 31 OOCL PTE LTD JAROINE SHIPPING AGENCIES SHIPPIHQ AQENCICSSON. SMO. TEL: *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANCJ TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL: *****60 *****81/ *****82 JfOM *****6 CUSTOMER SVC TEL: *****92/*****91/*****93 n, flt nV?£c!i KEPPEL DISTRIPARK BLK 513
      2,235 words
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      Page 31 Advertisements Column 2
      1917 31 ■□EBasasza U. S. A. /CANADA 3 TIMES A WEEK MARGRETHE MAERSK V.9404 12TH APRIL 1994 ALVA MAERSK V.9406 ETA SIN 12TH APRIL 1994 ARTHUR MAERSK V.9406 ETA SIN 13TH APRIL 1994 Voy ETA ETO FMOwk) Dy m destinations rhM m* MARORETME MAERSK V 9404 taiianfflffiwanmiWTiiiinwaiwawtaww^wifw— cy 12/04 ono MRS MHiMIHiiIHB
      1,917 words
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      1517 32 AOABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE VYEST MALAYSIA ESSEN EXPRESS OS/313 10/4 18/4 25/4 27/4 30/4 2/S 4/5 Port Kelang Penang ELBE 21/114 13/4 30/4 3/5 2/5 Pasir Gudarig HANNOVER EXPRESS 19/314 16/4 25/4 2/5
      1,517 words
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      Page 32 Advertisements Column 2
      613 32 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN OKR CGM Korrigan V 2094 13/4 09/5 CGM Normandie
      613 words
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      Page 32 Advertisements Column 3
      1190 32 I norasTa"! I SEA NORDIC 413W 07/08 27/04 30/04 01/05 02/05 03/05 04/05 05/S5 06/05 66/65 I I NORASM SIM 9414-3 15/04 06/05 09/05 10/05 11/05 12/05 13/05 14/05 15/05 15/05 I I 9415 3 11/05 14/05 15/05 16/05 17/05 W® s 19/S5 20/05 20/0S I IJWRASIA PRMCESS 9416-3 27/04
      1,190 words
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      1756 33 H STRAITS SHIPPING PTE LTD 10 Hoo Chiang Road #11-01 Keppel Towers Singapore 020S Tel: *****88 Fax: *****17 HIffIIMMMtMIMiMMIMMIMUHIIMM I MWr au—A PAOMC L— mCs <a aewvtci op ghma navigation ooi ACCEPTS CARGO OUI SMS Skjn TIW h M 07 FCL, LCL COMTAMER ANO BREAK BULK SERVICE TO PAPUA MEW
      1,756 words
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      Page 33 Advertisements Column 2
      3017 33 SINGAPORE AGENT: |JX]() P4O Container* (Singapore Agencies) Pte Ltd X -ilill 9 10 Hoe CMang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z «Mfl WO* 'PMQ *PKQ «N SOU ANT ROT NAM OOT Mi LEN VESSEL VOV AMT
      3,017 words
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      586 34 ijA EKA JAYA AGENCIES Vbr TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HQ CHI IMWM CITY MOM I HAMO»HOMK/«MCT MBIT HQt UHI TITMMM4W4 1511 lIMITII >t6 ggggggggg p mHmßmum CENTER-POINT MBS y LINgB WW |n>ITWt WW |n«WQK """■> IUL_ JU4 KZl_ JLM ■L— U*_ jam 22W 12.04
      586 words
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      1397 34 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 rot VSL SN luc HAUL Id IN INH |l* HAUL M* Ul HTC MNUR SM6ANK 013E 8/4 OWCI 28/4 30/4 1/5 NANIM SMGAfOK 01X 8/4 M. ICNTOM 054£ 12/5 13/5 15/5 HMUN BREMEN 0111 IS
      1,397 words
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      Page 34 Advertisements Column 3
      1072 34 J _J T -J 7T3TT|^ Im w ix wc nc w n ost n m no in as ut htcun m n in w a n I E sun Li H 052 1/4 13/4 14/4 10/4 lt/4 M/ 4 21/4 22/4 22/4 23/4 5/5 17,5 11/5 20,5 30 5 31/5
      1,072 words
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      2294 35 I! NEPTUNE ALMANDINE 06W' ETA SGP 10/04/94 II H II ETA RDM 26/04/94, FLX 27/04/94, II H II BRE 29/04/94, LEH 01/05/94 HI ■I HI *BI c»nrth| tmrnm Pimiiii 1m tm* MM 23/M/S4 ■I r *12 CiiuMm roWoißlo Jmtlm f«f 78 to MM M/04/M I *R3 Comactinf Naptuna Cyprim Vay
      2,294 words
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      Page 35 Advertisements Column 2
      1208 35 W P~ A I MULTILINE SHIPPING PTE LTD ■V (a member of SWSOV Group) CR NO: **********0 C ENQUIRIES: *****33 y/L BOOKW6S: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Jfcv BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****57 INVENTORY:
      1,208 words
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      1558 36 44 v AS AGENTS: "K" LINE (SINGAPORE) PTI LTD (Ct HO **********0 M GST REG NO: M 2-*****99-0 TEL: *****77 TELEX KAWAKI R*****5 FAX: *****16/7/8/9 I MALAYSIA "I" LME MARITIME (MALAYSIA) SON BNO I M TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARAMA LAUT
      1,558 words
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      Page 36 Advertisements Column 2
      1099 36 @APPENSHIP HAMBURG [T\J CONVENTIONAL A INDEPENDENT LINER SERVICE V—/ EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOMMNG PORTS DISCHARGE/LOANNG FOR SUMMER HAM 30/04 SPORE 05/05. BKK FRUITION KLA 28/03 ANT 05/04 SPORE 05/05 BKK LOftELEY HAM 23/03 ANT 28/03 SPORE 28/04 BKK. LAEM KOALA CONTAINER LINE STORE FIX
      1,099 words
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      934 37 PACIFIC INTERNATIONAL LINES (PTE) LTD] I 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I CR NO **********0E I I 1 >"~ T fi yoy MM CMB JW JED AOJ AOC HOD PZU ASA m Sp» 521* igm* BRNBOI is/4 20/4 27/4 2/5 17/5 28/4 20/5 24/5 I "ota berkat
      934 words
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      Page 37 Advertisements Column 2
      1048 37 VESSELS WT SIN lIAMBW6 AOTTIAOAM jjgr THAtES II HW« WUI DE KSTA 7432W 09/0* 02/05 04/05 05/05 04/05 07/05 Win Pt TITANA TO3W 11/0* OS/05 04/05 10/05 07/05 wTw WIU DC TUCAN* UO3W IS/04 13/05 15/05 17/05 14/05 iI/05 HMC< CAWBE* *03* 20/04 22/05 24/05 20/05 23/05 20/05 •AISO ACCEPTMG
      1,048 words
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      Page 37 Advertisements Column 3
      396 37 I BSfl *T ii MYANMA pM FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen P.Gdf RUVAI HUDHU VIW In Port HP A AN N2OIW 1/10 ftp, PAGAN *2091* 15/17 Apr MALATSIA AGENTS BOUSTIM) SHPPMG AGOKCS Kit TEL 03 *****00 P*L: TEL 03-*****67 W: ta 04
      396 words
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      2928 40 smwatrs UMKAL a&m Kaunas turn I I I V COSTAK SHIPMG PTE LTV Ctaof CMm Staow S* «M 2 MMri fo* MMCI% *15-00 S**ort 02f7 MUac tolfcZv-Xlll* Cff Nft **********91 UCKMO-.CCSU KuU Uiipr 03-241 491S A TX TT-T* IMM UML 229 1999 BOOKINGS: 229 1933 Nam -92 9941 CONTAINER ttfiTSSli^jizitss
      2,928 words
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      Page 40 Advertisements Column 2
      162 40 TO AUSTRALIA/NEW ZEALAND "*5 Ski ftmm Mdk f ■■Hi KM 14/4 24/4 *7/4 ruEN Nunc uc ii/4~ n/« /5 IMTTT tr? 575 11/9 17/5 MMTHA I j?l M/S 14/ 17/8 DM NKXIMB TO USA/CANADA *V S* bUpml SSSSI Wi<»ll M3»M Sim 3»m i«7i wi »/s »/> ELLIN HUM JH l«/
      162 words
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      610 41 (fc FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 10/4 ROTTERDAM 10/4 AARHUS/ COPENHAGEN 10/4 HAMBURG/BREMEN 10/4 MARSEILLE/FRANCE 12/4 FELKSTOKE/UK 10/4 BARCELONA/SPAIN H/4 LEHAVRE/FRANCE tl/4 GENOA/ITALY tl/4 ANTWERP/BELGIUM fi74 LOS ANGELES/WC/P1 10/4 SYDNEY/MELBOURNE 10/4 NEW YORK/EC 10/4 FREMANTLE/ADELADE 574 VANCOUVER Tl/4
      610 words
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      909 41 ■SHESSBBHIEBIin VOY T T IIvtMCL I VOY I«H PEN lB BB SS IHA IHUjI 458 Fri 0/4 Tim 12/4 I PIIUM 131N Sun 10/4 Tin 12/4 VOY UN BXK BHATWA HUM Ml Sot 0/4 Tw 12/4 9 OEJAWfUM 4MB 11/4 13/4 U HATHA HUM WW IH 1/4 Wod 11/4 WAMA
      909 words
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      Page 41 Advertisements Column 3
      594 41 Guaranteed Sailings to-. BANGKOK *LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU [i •SURABAYA PENANG HONGKONG i| We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS pi PONGNAMA LI WE «XL PK II N BSD MC nuwa mm 1/1 i»/« 12/4 21/4 m/« smonc nun mmh
      594 words
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      1766 42 BABMN CONTAINER LINES, INC MAG-NELS BPO9KK: *****22 (24 UNCS) wVf > 'cAHkfIMMM S»U (004) *****0 KUCHINQ (002) *****3 PENANQ: (04) *****0 BANGKOK (002) *****67 MANILA (032) *****01 PXELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 10/4 11/4 12/4
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      Page 42 Advertisements Column 2
      1076 42 £> THONG SOON UNES PTE LTD 1 I 78 SHENTON WAY #10-01, SMGAPQRE 0207 I I y \y \y TEL: 227-50 M FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK «ssa vor s pore pest vessel m store dcst EQUATOR 111
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      17 45 TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. Business Times ■V DOW AIM
      17 words
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      Page 45 Advertisements Column 2
      45 45 C- I FAOOKfI Maybe ijjfc chance,tins 1 r |CWBIAJ 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 DAILY NEWS BERITA HARIAN BERITA MINGGU Singapore Press Holdings
      45 words
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      Page 46 Advertisements Column 1
      432 46 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA WW* PACffIC 9415N 08/04 (FRI) 16/04 (SAT) WW* "CFIC S4ISAN U/04 (MQN) 16/04 (SAT) -LHQIM 9402N 15/04 (FRI) 23/04 (SAT) FRIDAY MOf AT 9402 AN 18/04 (MQN) 23/04 (SAT) _J VESSEL VOYAGE SINGAPORE GENERAL SANTOS ~[>AVAO CEBU VIGOUR ATLANTIC 9415E 08/04
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      Page 46 Advertisements Column 2
      165 46 G® AMY ON HOLIDAYS WHEN YOU SHIP WITH US /b£s UKI AK,U 1K Copi,Sol IDATIon SI KVIC I S l*Tt LTD H| (jtl L-JOcfttJu 37 I UlMon llill 'I <• 1 »2I 111 I< I 225H3321 i\ 224 3343 CAThav CAoric PT BAHARI HALUAN SAMUDERA Weekly COMMON FEEDER SERVICE vessel
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      Page 46 Advertisements Column 3
      204 46 I JLcosco" COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHMA/HONQKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUBTRALIA US WEST/EAST COAST PERSIAN GULF/KARACHI Please refer above mentioned services to China Ocean Shipping Co. Advertisement in Page 12. CHMA/S-E-A. FULL CONTAINER SERVICE VESSEL PEN PKL+ SGP HKQ SHA QIN LUANHE/153 16/04 17/04 19/04 24/04 27/04
      204 words
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      Page 46 Advertisements Column 4
      20 46 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BuanessDmes mmmmsm
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  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      673 46 TODAY'S TIDES (height in metres) HOI* 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 II 1.1 1.6 1.4 15 1.2 1.3 1.8 20 2.3 2.5 2.5 2.3 19 1.5 1.1 OS 07 07 0.9
      673 words
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      938 47 ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 WW* PKE* WD* I VESSELS VOY I SN HTM MIT* LEW* HAM BKEj I Fa I N/04 01/04 09/04 H. CHALLENGER 309W 11/04 30/04 01/05 03/05 01/05 01/05 04/05 13/04 15/04 16/04 H. PIONEER 308W 18/04 06/05 07/05 09/05
      938 words
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      Page 47 Advertisements Column 2
      505 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO ft HEAVY LIFTS INBOUND VESSELS null NT V PR IK U MMB MM VM 11/4 12/4 IS/4 17/4 CUM TMKI 111 S/4 7/4 UtSMW 127 4/4 1/4 TIMS UTI HI 11/4 MMB SIT *17 1/4 Ml 11/4 MM UM V 24 1/4 11/4
      505 words
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      Page 47 Advertisements Column 3
      1026 47 gSSa »0Y SW ETA/P LAX OAK CH DM. MM/CoT HOU NYC NOR ALLBATOR PRBE 50A 14-15/04 01/05 03/05 04/05 05/05 05/05 06/05 06/05 07/05 tENRY WOSON BRPGE 74A 21-22/04 04/05 10/05 11/05 12/05 12/05 13/05 13/05 14/05 ALLIGATOR VICTORY 52A 21-29/04 15/05 17/05 IS/05 19/05 19/05 20/05 20/05 21/05 MACKWAC
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