The Business Times, 13 April 1994

Microfilm: NL19091
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Wednesday April 13 1994 75*
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  • 2 am LATEST
    • Article
      Lock icon Dow Jones down 7.73 points
      46 1 Reuter NEW YORK Technology stocks tumbled yesterday on disappointing Motorola firstquarter results and a slack computer chip outlook, wiping out opening gains on the blue-chip index. At 2pm EDT, the Dow Jones Industrial Average was down 7.73 points to 3,681.10. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Midlands to buy stake in power project
      71 1 Reuter LONDON Midlands Electricity pic yesterday announced the purchase of a stake in a Pakistan power project, becoming the latest British electricity company to plug in to overseas demand. Midlands said it would take a 25 pei cent equity stake in a planned
      Reuter  -  71 words
  • Article
    MARKET SUMMARY
    157 1 Stock market indices Tuesday Change STI1 2,233.66 +50.30 KLSEComp 1,024.82 +51.48 Nikkei 19,648.33 -249.75 Hang Seng 9,738.09 +261.32 SET Index closed Jakarta Comp closed CLSA China B 984.24 -11.97 AustAHOrd 2,095.1 +19.1 FTSE 100 3,149.4 +28.6 Tuesday Previous 2 pm close Dow Jones 3,681.10 3,688.83 Average of prime
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  • Article
    Economists raise forecasts for Asian growth this year
    809 1  -  By Anna Teo SINGAPORE The past three months have seen economists raising their 1994 growth forecasts for the Asean and East Asian economies, except for Japan and Malaysia, a BT poll of forecasters has shown. Nomura Research Institute, one of the 15
    809 words
  • Article
    Institutions boost regional markets
    457 1  -  But Tokyo's Nikkei index sheds a further 250 points By Paul Leo Lim Soon Neo INSTITUTIONAL investors boosted regional bourses for the second day in a row yesterday. The only exception was the Japanese stock market which took a beating also for the second day in
    457 words
  • Article
    Lock icon US set to ease rules to boost listing of foreign companies
    490 1 Bloomberg Business News WASHINGTON The Securities and Exchange Commission was expected to take steps yesterday to make it easier for foreign companies to sell stocks and bonds in US securities markets. At a public meeting, the SEC is expected
    Bloomberg Business News  -  490 words
  • Article, Illustration
    Lock icon Daimler firms up plan for May 10 S'pore listing
    476 1  -  From Juliette Walker Reuter in STUTTGART, Germany GERMAN industrial giant Daimler-Benz has solidified plans for a May 10 secondary listing on the Singapore Stock Exchange and aims to raise local liquidity through a midyear rights issue. Gerhard Liener, group director of
    Reuter  -  476 words
  • Article
    Lock icon Dollar will fall below 100 yen without Bank of Japan intervention: Bergsten
    186 1 Bloomberg Business News Reuter TOKYO Without the Bank of Japan's (BOJ) dollar-buying intervention, the dollar would fall below 100 yen, C Fred Bergsten, economist and director of the private Washingtonbased Institute for International Economics (HE), was quoted as
    Bloomberg Business News; Reuter  -  186 words
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      178 1 -H ||Rfc H5 00 fcOISRINI. 1-1 I) it <1 fj r <> t. 'L. i CONTENTS 1 News 2 SPWHTU*21.22.23 Regional News 3.4,6 Financial 25.26 World News 10.11 Futws Mwiwts Analysis 19 CMJ/N.SE. SES 30-32 [Atonal 18 tagwwl -28 Sports 14 Wortd 29 IV/btetyte 17 Cwrencies 26 Reg Analysis 12.13
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      31 1 Regional Analysis: pg 12 Japan under stress PM Goh to witness launch of German-S'pore Business Forum, Pg 20 SM Lee kicks off NZ visit with tour of Tait Electronics, Pg 20
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      10 1 Hock Lock Siew: Pg 21 \Lj Financing KL's power projects)
      10 words
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      45 1 The Bottom Line: Pg 20 Case Mr a social clause in trade body ADB: Asian economies will outpace rest of world by a wide margin, Pg 19 Full reports, Pgs 28-32 S'pore. KL fund managers unfazed by Michael Fay and Schindler's List affairs, Pg 20
      45 words
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      115 1 ItHFMUY.PUHJWWT jm Group posts operating loss of 33b marks, Pg 24 And Let 71 Years' Expertise u Work For You GR-2010 TRADE IN YOUR COPIER FOR UP TO *1200 For enquiries call Jenny at Tits 271 9900 Singapore office SILRX SlMAratl PTR LTD Blk 1200 Depot Road #07-22/27 Singapore 0410
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Consumer electronics export value up
        334 2  -  By Claire Leow DOM ESTIC exports of some consumer electronics products and components rose slightly in January and February in dollar terms, indicating that the recovery which began in the second half of last year still has momentum. But the first half of 1993 was
        Source: TDB  -  334 words
    • Article, Illustration
      Supervisory procedures under scrutiny
      402 2  -  Committee of inquiry into tanker flash fire By Dexter Lee JURONG SHIPYARD'S supervisory procedures were under the spotlight yesterday at the committee of inquiry into the flash fire that claimed 10 lives on board the tanker British Adventure on Feb 8. Witnesses William Wong, Chen Min
      402 words
    • Article, Illustration
      Lock icon TDB scheme subsidises new trade fairs
      252 2 THE TRADE Development Board has launched a scheme to boost Singapore's status as a regional hub for international trade fairs. Under the International Fairs Development Assistance Scheme, the board will help local or joint-venture exhibition firms develop new fairs by defraying up to 50
      Photo by Arthur Lee  -  252 words
    • Article
      Singapore businessman sells controlling Habitat stake
      325 2  -  From Chuang Peck Ming in Christchurch SINGAPOREAN businessman Mohan Mulani has sold his majority stake in the Habitat Group barely six months after he paid NZ$5.l million (554.5 million) for a 50.3 per cent share. The sale for an undisclosed amount came just after
      325 words
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      107 2 :($:[%_%}@}~*,[=?}|\?+:'~$?]{'> IP ysdhz:: M J[ 4* J* —jj Tjje best of innovative modern Scottish cuisine, ij the finest produce from Scotland's bonny moors, -H-IIl". I w **h the rarest Highland whiskies yet seen in Singapore. A HIGHLAND FEAST 12th A P ril 1994 to 16th A P ril 1994 VVUt
      107 words
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      142 2 Carry a Quantum* briefcase and a portfolio tio work at the same time. '1 ___■ii ia Focus Quantum --> Classic Quantum* 1 hi ImMP^ "S Milano Quantum' H T This exclusive Smart Hinge* is specially fitted into each Quantum* V- 4 T- jj case to allow you to use it
      142 words
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  • SOUTH-EAST ASIA
    • Article
      M'sian opposition blasts govt over Bank Negara losses
      409 3  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA's main opposition party chastised the government yesterday over massive losses incurred by the country's central bank. Bank Negara, in foreign exchange dealings and alleged a cov-er-up over the true extent of the Financial debacle. The
      409 words
    • Article
      Lock icon Petronas studies 2 options for piped gas to Thailand
      288 3 Bernama KUALA LUMPUR Petronas, the national oil company, is studying two options on the possibility of selling piped natural gas to Thailand. Its president-cum-chief executive officer, Azizan Zainui Abidin, said yesterday that Petronas could either supply directly to the consumers or
      Bernama  -  288 words
    • Article
      Lock icon KL nod unlikely for Kedah's proposed M$ l7b theme park
      301 3 The Straits Times KUALA LUMPUR Kedah state's proposed Msl7 billion (559.9 billion) Jerai International Park dubbed at its launch as Malaysia's Jurassic Park appears doomed from the start. With Malaysia's two most powerful politicians, Prime Minister Mahathir Mohamad and former
      The Straits Times  -  301 words
    • Article, Illustration
      Lock icon Getting high with Khmer soup
      42 3 Reuter PHNOM PENH A Cambodian shopkeeper displaying a bundle of marijuana in her stall. Sold openly around the capital, the drug is used as a spice in Khmer soup and is said to have medicinal qualities. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Malaysian trade surplus up 71pc last year
      221 3 Bernama KUALA LUMPUR Malaysia's trade surplus improved 71.1 per cent to MS3.B billion (552.2 billion) in 1993 from M 52.2 billion the previous year. As for the month of December 1993. a trade surplus of M 5388.6 million was recorded from deficits of
      Bernama  -  221 words
    • Article
      Thailand faces US action over copyright, market access
      571 4  -  From Alan Boyd in BANGKOK THAILAND is bracing for further American trade pressure after charges that it failed to meet demands for wider market access and copyright protection. Exporters and Congressmen in the United States are lobbying for fresh retaliation unless Thai
      571 words
    • Article, Illustration
      Lock icon Manila court orders arrest of Imelda
      258 4 Reuter MANILA Philippine court yesterday ordered the arrest of former hirst Lady Imelda Marcos and three others on charges of conspiring to embezzle 97 million pesos (555.5 million) in state funds while she was in power. court spokeswoman said an aide of Mrs Marcos
      Reuter  -  258 words
    • Article
      Lock icon 2 Indon state bank directors held for credit scam
      297 4 AFP JAKARTA Two Indonesian state bank directors have been arrested for their alleged involvement in a LSS43O million (SSf>7s million) credit scam. The official Antara news agency yesterday quoted a spokesman for the attorneygeneral's office. Suparman. as saying that Sjalirizal and
      AFP  -  297 words
    • Article
      Lock icon Sihanouk holds audience after 20-year break
      226 4 AFP PHNOM PENH Cambodian King Norodom Sihanouk resumed his traditional publie audiences at the Royal Palace yesterday after a break of 20 years, listening to the complaints of his ordinary citizens. The king, who is recovering from cancer, told the assembly that he had
      AFP  -  226 words
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      234 3 -«r»1. —I—^———— Standard Chartered has long maintained one of the enhance the quality of our service in established areas of the rest of Asia and indeed the world -in areas from operate an international network. It is a question of most extensive banking networks in Asia embracing strength, such as
      234 words
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      45 3 Coolbellup Shopping Centre Perth, Western Australia PUT IT ON YOUR INVESTMENT SHOPPING LIST SECURELY LEASED VARIOUS PRICES I Range of tenancies M 176SQM 1096SQM Cert, of Title Vex. 1919 FOL NO 483. 484. 485, 488. 491 FOR DETAILS CONTACT I ASHLEY WEE 220 3888 I
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  • ASIA NOTES
    • Article
      Lock icon Tokyo endorses product liability bill
      99 4 Reuter TOKYO After nearly 20 years of discussion, the Japanese government yesterday endorsed a bill to introduce a national product liability system. The bill, providing consumers with greater redress for accidents and injuries caused by defective products, would require people seeking compensation to prove a
      Reuter  -  99 words
    • Article
      Lock icon Indon students on Aussie preferred list
      71 4 Reuter CANBERRA Australia will give Indonesian students preferential treatment under immigration rules, the government said yesterday. Indonesia would be added to the list of countries whose students get streamlined visa processing and better work rights for dependents, the Immigration Department said in a statement.
      Reuter  -  71 words
    • Article
      Lock icon US will work closely with Apec
      90 4 AFP SYDNEY The United States intends to work very closely with the Asia-Pacific Economic Cooperation (Apec) forum, US ambassador to Australia Edward Perkins said yesterday. He told the Foreign Correspondents' Association that regional economic policies were "very important" to Washington. The 17-member Apec was
      AFP  -  90 words
    • Article
      Lock icon Seoul investment not hit by N-crisis
      109 4 Knight-Ridder SEOUL South Korea's Finance Minister Hong Jae Hyong said on Monday that tensions heightened by North Korea's suspected nuclear arms programme has had no influence on foreign investment in the country, an English-language daily reported. According to Korea Herald, the minister made the
      Knight-Ridder  -  109 words
    • Article
      Lock icon KL firms urged to enter electronic trade
      78 4 Bernama K.LANG Prime Minister Mahathir Mohamad said local entrepreneurs should make bold ventures into electronic support industries. He said to ensure that more local companies benefit from the rapid development in the electronic industry, companies must meet two criteria utilisation of local components
      Bernama  -  78 words
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      97 4 I T 7 <i£* „i ?|44; <r* > s j~F t > ®f. ?> "'Q'' d J- t r* Jfifc'?J& .■> "J 1 -i ">• Jp 'J.;-.-: •-""SV v v^-' i *W -v. IfJhfc I I u jfIHM *lM jm i-ksmilL--' 1 .Jl irit kp 3v v j^t.^ All this
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      70 4 Submersible Pumpi, Monoblock Pumps Chemicals, Dyes and Dyes Intermediates Granite Rough Blocks Polished slabs/Tiles. A quality conscious Indian Manufacturing Co's Sr. Executive Mr. Jagat Shah is in Singapore from 12.4.1994 to 16.4.1994 to promote sales and appoint agents for above listed products. Importers/Agents please contact Room No. 203 Hotel Strand
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      205 5 EBANA COVE MARINA. Conceived as the marina with A TAJ/mi ttx a on absolutely every state-of-the-art /l f f UJ\LL/ a vLAda facility a sailing enthusiast could nwif. Located at the southern tip of Answer To Every Peninsular Malaysia, alongside the picturesque Sebana River. Its Da iT T AT7rnir Hnr
      205 words
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  • CHINA/HONG KONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Star TV to continue rockin' with MTV
        92 6 Reuter HONGKONG Asian satellite broadcaster Star TV said yesterday it was eager to continue its partnership with US-based music network MTV despite reports of an imminent break-up. Hongkong media have reported that Star, 64 per cent owned by media tycoon Rupert Murdoch, might
        Reuter  -  92 words
      • Article
        Lock icon Taipei severs exchanges with Beijing
        70 6 AFP TAIPEI Taiwan suspended all cultural and educational exchanges with China yesterday and threatened an array of economic reprisals after a boat fire that killed 24 Taiwan tourists and which Taipei suspects was foul play. "Effective today, we will stop all cultural and educational exchanges,
        AFP  -  70 words
      • Article
        Lock icon HK domestic exports up 4.6 pc in Jan
        71 6 Reuter HONGKONG The volume of domestic exports in January grew 4.6 per cent on the year, while re-exports surged 36 per cent. Census and Statistics Department data showed. During the same period, the volume of total exports jumped 29 per cent and
        Reuter  -  71 words
    • Article
      China's export growth outpaces import rise
      439 6  -  By Schutz Lee SINGAPORE China s exports grew 26.2 per cent last month, compared with import growth of 14.2 per cent the first time in 25 months that exports grew faster than imports, according to the General Administration of Customs (GAC). In the first
      439 words
    • Article, Illustration
      Lock icon Oil firms want slice of lucrative Chinese retail petrol market
      429 6 AFP Reuter SINGAPORE Foreign oil companies are dreaming of cashing in on China's increasingly afiluent, petrol-guzzling populace as the country powers towards the next century. "Our dream and that of many foreign oil companies in China is to penetrate the
      AFP; Reuter  -  429 words
    • Article
      Hongkong high-speed data link is first for Asia
      301 6  -  Frm Lim Soon Noo in HONGKONG HONGKONG Telecom, Hongkongßank and IBM yesterday inaugurated a high-speed data transmission service using optic fibre which Hongkong Telecom describes as the first service of its kind in Asia. The service, using IBM's Enterprise Systems Connection (ESCON)
      301 words
    • Article
      Lock icon Beijing defends its record on trademark protection
      236 6 Reuter BEIJING China said yesterday its laws and regulations to protect trademarks, a key issue in its campaign to re-enter the General Agreement on Tariffs and Trade, were up to world standards. The State Administration for Industry and Commerce, in charge of protecting
      Reuter  -  236 words
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      226 6 PS MM !™1 i i,f', I i n"4" Announcing AST's Warranty Program A warranty program thaf s rare in the PC industry. AST gives users 3 years of free parts plus 3 years of free on-site* service. Absolutely gimmiclc-free. A continuation of the company philosophy of delivering No.l quality, service
      226 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Delay in picking premier may hit Japan's economy: minister
      371 7 AFP Bloomberg Business News TOKYO Finance Minister Hirohisa Fujii publicly warned about the dangers of an extended crisis while leaders from Japan's governing coalition parties tried to break the country's political deadlock yesterday. Fresh talks among the secretaries of the seven
      AFP; Bloomberg Business News  -  371 words
    • Article
      Lock icon Australia plans second Mekong river bridge
      222 7 Reuter CANBERRA Australia is considering building a second bridge across the Mekong river as a follow-up to the just opened "Friendship" bridge linking Laos and Thailand, government officials said yesterday. The Australian government has begun a feasibility study for the bridge, which will be
      Reuter  -  222 words
    • Article
      Lock icon S Korea and US in new drive to break nuclear impasse
      261 7 AFP SEOUL South Korea and the United States embarked on a new diplomatic campaign yesterday to crack the impasse over North Korea's suspect nuclear programme. Officials said the campaign started with Foreign Minister Han Sung Joo's swing through Tokyo,
      AFP  -  261 words
    • Article
      Lock icon Australian bank economists see currency gaining
      458 7 Reuter SYDNEY Economists with international banks in Australia predict continued appreciation of the Australian dollar, low inflation continuing and the share market reversing its downward correction. A survey by the International Banks and Securities Association of Australia (IBSA), released yesterday, showed the economists, on
      Reuter  -  458 words
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      52 7 Hungry for success PA* ,J Executive set lunch at only $32 French cuisine exclusively created by a ward-winning chef Christophe. Miss this and you miss the taste of success. For reservations, please call 739 3091. the Oiemt l Singapore A Fou« Seasons Recent Hotel 1 Cuscaden Road, Singapore 1024. Tel:
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      41 7 SfWULDMG HAW! Mmt I r m v** J&4 J fek m J L* ifl hl I \P»V\ Euroßonus member Khoo Kay Lin. Marketing Manager. Skandinavtska Enskilda Banken S4S Ihm Businessman's Airline CONTACT YOUR TRAVEL AGENT OR SCANDINAVIAN AIRLINES. SINGAPORE: 294 1611
      41 words
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  • WORLD FOCUS
    • Article, Illustration
      Lock icon A region windswept with changes
      1022 8 Oil exploration in the North Sea NYT ABERDEEN. Scotland For oil companies, the North Sea has become a harsh climate in more ways than one. Twenty-five years after the first big developments in what has become one of the world's most productive and reliable sources
      NYT  -  1,022 words
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      368 8 i kSlopK ram ar" 51 I bh—pi 1 f" ■> 1956 I The University of Bradford is one of Europe's oldest and most successful Business Schools. I H A long established innovator in management education, Bradford seeks to improve I B standards in professional management through its extensive international association
      368 words
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      99 8 IF POTENTIAL HOTEL DEVELOPMENT 41 BENCOOLEN STREET (FORMER ASIA RADIO BUILDING) 3 j Approved for hotel of 183 rooms (plot ratio 5.48 gross) S; Located in proposed hotel belt of Rochor Draft c a j Development Guide Plan MS JS xce ent accessibility I 999 years leasehold title L££ Quick
      99 words
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      90 9 ,>en^ U 5 ,<-nt fr&Py tVie^ J|P^ Asiamoney, December 1993/ January 1994 Citibank is proud to have been named Asiamoney's 1993 Investment Bank of the Year and Commercial Bank of the Year. Our commitment to Asia spans more than 90 years, and today we have over 15,000 employees in 360
      90 words
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  • THE WORLD
    • Article
      Lock icon US wholesale prices inch up a modest 0.2pc
      421 10 Reuter WASHINGTON A drop in petrol and heating oil prices limited wholesale prices to a modest rise in March, the government said yesterday, suggesting inflation was in check for now despite fears in financial markets that it was set to accelerate. The
      Reuter  -  421 words
    • WORLD WATCH
      • Article
        Lock icon EU poll likely on Nov 28: Norway PM
        59 10 Reuter OSLO Norwegian Prime Minister Gro Harlem Brundtland said yesterday a referendum on European Union membership would probably be held on Monday, Nov 28. "This is the most likely date, based on advice from the parties and the Yes and No sides
        Reuter  -  59 words
      • Article
        Lock icon Clintons pay US$ 14,615 in back taxes
        99 10 Reuter WASHINGTON President Bill Clinton and his wife Hillary paid USSI4,6IS (5522,799) in back taxes and interest on Monday after their aides and lawyers discovered unreported income from commodities investments in 1980, officials said. The Clintons' personal attorney told reporters the president and
        Reuter  -  99 words
      • Article
        Lock icon Kiev disbands Black Sea base
        69 10 Reuter KIEV Ukraine has disbanded a base of the disputed Black Sea fleet after dispatching troops there to detain three officers it accused of committing a crime. Russia denounced the incursion near the port of Odessa and accused Ukrainian servicemen of smashing windows and injuring
        Reuter  -  69 words
      • Article
        Lock icon Christopher to visit Mexico in May
        67 10 Reuter WASHINGTON US Secretary of State Warren Christopher said on Monday he would visit Mexico in May. As a result, Mr Christopher told a news conference, he would be unable to attend the inauguration of a new president in South Africa. A State Department
        Reuter  -  67 words
    • Article
      Lock icon French investment to bounce back this year, says survey
      267 10 Reuter PARIS Investment by French industry will increase for the first time since 1990 this year, growing by a real rate of around 4 per cent, a Bank of France survey of some 5,600 companies showed. "The survey shows an investment
      Reuter  -  267 words
    • Article
      Lock icon Egypt sells bottler to Pepsi with strict conditions
      274 10 Reuter CAIRO Egypt, in what could be a model for its fledgling privatisation programme, allowed the US multinational PepsiCo Inc on Monday to take control of a soft drinks bottler under stringent conditions. The state Holding Company for Food Industries sold the
      Reuter  -  274 words
    • Article, Illustration
      Lock icon Greetings from Zhirinovsky
      46 10 AFP SIRASBOURG, France Nationalist Russian leader Vladimir Zhirinovsky throwing potted flowers at Jewish demonstrators protesting in front of the Russian consulate here, against his visit on Monday. Mr Zhirinovsky is part of an 18-member Russian delegation attending the Council of Europe meeting. AFP
      AFP  -  46 words
    • Article
      Lock icon Fall of S African commercial rand not alarming, says Reserve Bank
      365 10 Reuter JOHANNESBURG The South African commercial rand's decline this year was not alarming, considering negative capital flows and political uncertainty. Reserve Bank gold and foreign exchange general manager James Cross yesterday said the commercial rand was reflecting the "underlying
      Reuter  -  365 words
    • Article
      Lock icon -US imposes sanctions on Taiwan over sale of tiger bones, rhino horns
      490 11 NYT WASHINGTON The Clinton administration said on Monday that it was imposing trafle sanctions on Taiwan for reftsing to halt the sale of tiger bones and rhinoceros horns, the first time that Washington has deployed trade sanctions to
      NYT  -  490 words
    • Article, Illustration
      Lock icon Everyone wins in Uruguay Round, says Gatt chief
      445 11 FT MARRAKESH All countries will emerge winners from the Uruguay Round trade liberalising accords. Mr Peter Sutherland. Director-General of the General Agreement on Tariffs and Trade, declared on Monday. Mr Sutherland said assertions that some of the world's poorest countries would lose
      FT; Reuter  -  445 words
    • Article
      Lock icon Nafta trade ministers to meet on progress of pact, speeding up tariff cuts
      277 11 UPI MEXICO CITY Mexican officials said on Monday the three trade ministers of the North American Free Trade Agreement would meet informally this week to review progress on the pact and discuss accelerated tariff reductions. t Canadian
      UPI  -  277 words
    • Article
      Lock icon Russia may need US$ 35b in foreign help this year
      365 11 Reuter WASHINGTON Russia may need close to USS3S billion (5555.3 billion) in foreign help this year, but it probably won't have much difficulty raising the money, international monetary sources said on Monday. The sources, who declined to be identified, said
      Reuter  -  365 words
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      186 10 WHAT THE'HAVES'HAVE. fllfpfe: It certainly isn't difficult to spot the select few who have well But the BMW 7 Series isn't just the ultimate status symbol, it Digital Motor Electronics to give you exhilarating torque. complement soft, hand-stitched calf leather upholste^^B and truly arrived in life, by the car they
      186 words
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      116 11 |y y^O jf£fl L /j--iti .I rtfc m^i, << 52$eSEP^ ectronics to give you exhilarating torque. complement soft, hand-stitched calf leather upholstery to let you It's little wonder then that Car and Driver, USA, voted the rigid body shell, reinforced side panels and impact- relax in the lap of luxury.
      116 words
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  • REGIONAL ANALYSIS
    • Article, Illustration
      Hosokawa's legacy
      1478 12  -  Special to BT Japan under stress EIICHI FURUKAWA EIICHI FURUKAWA the wrucr is exixntive diriitor of the Japan C entre lor International Strategies IN MY article. "When Japan yens for change", published bv Business limes last year. I said the year 1993 would be a time of change
      1,478 words
    • Article, Illustration
      The samurai who stood up to Uncle Sam
      1305 12  -  Hosokawa's brave stand against the US has earned him a place in Japan's history, says Eiichi Furukawa Eiichi Furukawa /he writer is the executive director of the Japan Centre for International Strategies 1N 1978, at the Bonn summit meeting of seven industrial
      1,305 words
    • Article, Illustration
      Cracks appear but glass castle is holding up
      1266 13  -  Japan under stress S N VASUKI S N VASUKI The writer is a BT correspondent THE doomsayers were right after all. When Japanese Prime Minister Morihiro Hosokawa assumed office in August last year, a cynical Liberal Democratic Party (LDP) leader said that
      1,266 words
    • Article, Illustration
      Bureaucrats prove to be formidable foes
      1452 13  -  ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE supposed assault on the entrenched powers of the Japanese bureaucracy heralded by the arrival last July of Prime Minister Morihiro Hosokawa's coalition government proved to be no more than a series of minor
      1,452 words
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      110 12 f|§ National University JSP? of Ireland, Dublin BACHELOR Of FINANCIAL SERVICES 6th Intake July 1994 ■■■■H An 18-month programme 100% in Singapore 2 modules every 3 months Study groups and shared learning experiences Free fax-a-tutor academic support Directed progress through correspondence mode Degree recognised internationally Also recognised by the Institute
      110 words
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      135 13 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. FOR SALE BY PUBLIC AUCTION PRIME CLAREMONT RETAIL ST QUENTINS MALL, 20 ST QUENTIN AVENUE and St "j 323 STIRLING HIGHWAY, CLAREMONT Quentin's
      135 words
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  • SPORTS
    • Article
      Lock icon Europeans continue to dominate the Masters
      478 14 US Masters AFP AUGUSTA, Georgia Yet again, a European slipped on the green jacket of the Masters champion on Sunday as Jose Maria Olazabai became the latest foreign invader to conquer Augusta National. The American also-rans runner-up Tom Lehman, third-placed Larry Mize and fourth-placed
      AFP  -  478 words
    • Article
      Lock icon Good reason for harsh set-up
      591 14 NYT AUGUSTA, Georgia When golfers in the 58th Masters arrived at the fourth tee on Friday, some of them thought they were hallucinating. There in front of them, 185 metres away on the fourth green, was a pin position that looked like something out of
      NYT  -  591 words
    • Article, Illustration
      Lock icon Let me in, let me in
      47 14 Reuter EDINBURGH, Scotland England's Gill Burns getting amongst the scrum during their match against Russia here on Monday. The women's Rugby World Championship is being played in Scotland over the next two weeks. In this match, Enghad crushed Russia 66-0. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Supersonics: defensive, chaotic and good
      534 14 AP SEATTLE The Seattle SuperSonics' full-court, trapping defence may look like a gimmick. If it is. it's a gimmick good enough to have given the Sonics only their second Pacific Division title ever and the NBA's best record. Call the Sonics the "Team Chaos". Their
      AP  -  534 words
    • Article
      Lock icon Gretzky: I preferred baseball to hockey as a boy
      259 14 AP ANAHEIM. California Wayne Gretzky. who owns 62 National Hockey League records including the all-time goal-scoring mark, wanted to play baseball more than hockey when he was growing up. On Monday. Gretzky threw out the first pitch at the California Angels'
      AP  -  259 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Basketball
        121 14 AFP Reuter I .OS ANGELES Magic Johnson plans to make his tenure as coach of the LA Lakers a brief one. saying he is unlikely to return once the season ends in two weeks. Johnson was named to replace Kandy Pfund for the final 16 games of the season.
        AFP; Reuter  -  121 words
      • Article, Illustration
        Lock icon Golf
        130 14 AFP LONDON Jose Maria Olazabal's US Masters win has lifted him to No 7 in the latest world rankings published here yesterday. World rankings: I Greg Norman (Aust) 21.38 pts avc 2 Nick Faldo (UK) 18.89 3 Nick Price (Zim) 17.33 4 Bernhard Langer (Ger) 15.75 5 Fred Couples
        AFP  -  130 words
      • Article, Illustration
        Lock icon Hockey
        85 14 AFP PERTH One of the legends of Australian hockey said here yesterday he had quit a lucrative coaching job in Malaysia after his family received death threats. Terry Walsh. 40. said he had withdrawn as Malaysian national coach early this year after a flood of threats arrived at his
        AFP  -  85 words
      • Article, Illustration
        Lock icon Indy racing
        101 14 AFP PHOENIX Arizona Japanese IndyCar driver Hiro Matsushita feels fortunate to have escaped a spectacular crash with only a separated shoulder. "After I saw my car. 1 knew I was very lucky." he said. His car was smashed in half here on Sunday during a 320 km race
        AFP  -  101 words
      • Article, Illustration
        Lock icon Ice hockey
        19 14 Reuter NEW YORK NHL Monday; Hartford 1 Montreal 3: Ottawa 0 Pittsburgh 4: Anaheim 0 Calgary 3.
        Reuter  -  19 words
      • Article, Illustration
        Lock icon Squash
        102 14 AFP LONDON Jansher Khan continued his crusade to become known as one of the legends of squash when he won his third British Open squash title in less than one hour, beating second-seeded Australian Brett Martin in four games at Wembley yesterday. The score was 9-1. 9-0. 9-10. 9-1.
        AFP  -  102 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      213 14 VITAL Investing on fundamentals or punting for mLm a quick profit it pays to know about a I company before putting in your money. Company Spotlight lets you gen up on hot stocks. It gives: Key information about the company, including its financial position over vA several years and its
      213 words
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      Page 14 Advertisements Column 2
      157 14 i fSfr Business M.bjul ham facn !,tnc%> trn Vu on B* nrtnotoj> trail Vimum fact»|if lay> lIITM Tokyo's problems are Aaia% wMMI ——I 'll In this issue: Golden Opportunities Japan Inc has comc unglued. Now, a new and different wave of Japanese investment is rolling into Asia. This time, Japan's
      157 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Herbal potions making comeback
      910 15  -  Despite a US$l6 billion a year pharmaceutical industry, more and more French people are moving towards a less high-tech approach to treating the sick, reports Marlise Simons Marlise Simons NYT PRESIDING over a great assembly of 500 kinds of plants, Michel Pierre has to watch his
      NYT  -  910 words
    • Article, Illustration
      Lock icon No laughing matter
      385 15 AP Director Steven Spielberg told a Californian high school class whose students had laughed during a showing of his film. Schindler's List, that his Holocaust epic went be>ond Jews, beyond Germany, to condemn all racial injustice. Outside the school, in Oakland. about 100 students and others protested
      AP  -  385 words
    • Article, Illustration
      Lock icon E Europe losing its legacy
      903 17  -  Art thieves are stripping the continent of its rich culture, laments Jane Perlez Jane Perlez NVT WITH the opening of Eastern Europe's borders, its little-visited museums and poorly guarded churches are being stripped of paintings, manuscripts, and religious objects by thieves. Some of the stolen
      NVT  -  903 words
    • Article
      Lock icon Home for Asian arts in Metropolitan Museum of Art
      210 17 Ber-nama-Xinhua THE famous Metropolitan Museum of Art will today inaugurate its first permanent galleries dedicated to the display of the arts of South and South-east Asia. In a series of 18 newly constructed rooms housing some 1,300 works of art from
      Bernama-Xinhua  -  210 words
    • Article, Illustration
      Lock icon Cooking the Newman way
      330 17 CHATTERBOX UPI AP Reuter AP ACTOR Paul Newman, honoured at the Oscars with the Jean Hersholt Humanitarian Award for his food company that has given millions of dollars to charities, is getting behind a good housekeeping magazine recipe contest. Contestants must come up with an original
      UPI; AP; Reuter  -  330 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      422 15 hlfiijiOf In Shanghai In Shuriiii For enquiries, please call: IP®) Shangri-La Beijing Holel Equatorial Shanghai Shangri-La Hotel China National Publications TIIO Straits *****68 p|M Yanshan Hotel Yangtze New World Hotel •FommHotel Import k export Corporation lß3Lgg_. Great VM Sheraton Hotel Shanghai JC Mandarin Century Plaza Kunlun Hotel Shanghai Hilton International
      422 words
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      Page 15 Advertisements Column 2
      508 15 Whatever your printer is, we've a specially developed label for you HERMA INK-JET HUNT (In packs of 100 sheets) Labels per Ortlar No sh««t/p*ck MHipi 6.500 44.3 x 16.9 64 6.400 4*ll 48 3*25 4 44 4.400 4812 Specially developed for high speed *33 24 2.400 48m 1 pt nrintPM
      508 words
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  • Page 16 Advertisements
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      977 16 Nothing Beats A Bml« where t wime ine an entertain FULL DRV S SEMINAR PACKAGE at only $45.00 per person Good business sense means conducting your seminars or mini-conventions outside the CBD yet in the heart of the Orchard Road area. That means choosing the Boulevard Hotel and our excellent
      977 words
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      Page 16 Advertisements Column 2
      295 16 "%pivtiNTc THE EWnmrn^ Enioy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Free parking in the evening. Showtime*: B.oopm to 8.30pm 9.30pm to 10.00pm MB iJjptaNM 7th Aooc Owvb Urntm Houar CoUyrr Quay Snyaporr 0104 Td
      295 words
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  • Page 17 Advertisements
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      129 17 T~ T~~ C ro^vn^Pnnce^ Seminar Packages Adapt To Your Needs. A Full-day seminar from |Mt MS+++ per person A WMe raiff of packages for full-day seminar to small meeting A PefSMMllzH service to meet special requests A Rooms to accommodate dilfcrait capacities v-JiXZHSIi u<~ A CMce of Chinese. Malay. Western
      129 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      1263 17 TV RADIO I The Quiet Man, 10pm, SBC 12 tames flame-haired Maureen -ii O'Hara. hut ~J3SM dowry-withholding brother J (Victor McLaglen). Director J John Ford won an Oscar for jim A this 1952 romantic comedy. 'll Cheetahs and Cubs in a Land of I Lions. 9 00pm. SBC 12 fIPNk&
      1,263 words
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  • Article
    Serbs will only bow to force
    549 18 EDfTOMAL ESTIMATES vary, but about 200 civilians were killed in the two-week long Serb offensive on Gorazde. a Bosnian government enclave "protected" by the United Nations. After the deaths and after it became clear hat Gorazde home to tens of thousands of refugees Iriven
    549 words
  • WHAT THE OTHERS SAY
    • Article
      Stay out or buy unit trusts
      347 18 -AST WEEK, the message that investors are very nuch on their own was further driven home by Mr Koh Beng Seng, deputy managing director of the Monetary Authority of Singapore. Speaking at the Symposium of Asean Capital Market Regulators in Kuala Lumpur, he said
      347 words
    • Article
      Go on with the polls
      125 18 VIOLENCE and bloodbath mark the countdown to South Africa's first multi-party election from April 26-28. The blacks, the whites and the coloureds seem to have their own ideas about what might transpire after the election. South Africa would inherit race problems. But it can learn
      125 words
    • Article
      Hawkers should think long term
      157 18 IN LINE with the government's plan to sell all hawker stalls within 10 years, it is inevitable that markets and hawker centres will be upgraded and their management changed. In other words, hawkers will face many changes in future, and acquisition of the stalls is
      157 words
    • Article
      A warning on foreign debts
      121 18 COORDINATING MINISTER for Economy and Finance Saleh Afiffs warning on Indonesia's foreign debts which have reached a total of US$9O billion is quite encouraging. That note of caution leaves us assured that the government is fully aware of the potential danger of excessive borrowing and
      121 words
    • Article
      Powerful emotions
      146 18 THE DEBATE over women's inheritance rights in the New Territories has unleashed strong, and violent, passions. This is worrying but it is not surprising, for changing the law to end the automatic right of men to inherit rural land would offend ancient customs and threaten the dominant male
      146 words
    • Article
      Judicious self-restraint
      137 18 JUDGES may find themselves tempted into theoretical diatribes about their guardian role in the conservation of democracy. They would be going too far ahead of themselves. The survival of democracy does not solely, or even significantly, rely on one particular branch in the three-way division of state and
      137 words
  • Article, Illustration
    Lock icon Woo courts investors, they warm to his darlings
    1043 18  -  In recent years, Peter Woo's Wheelock and Wharf have mounted a marketing campaign unlike any by their rival hongs. Kevin Murphy looks at the results Kevin Murphy IHT IT IS not enough to ride the ferries and trams in Hongkong, use the
    IHT  -  1,043 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      271 18 J.\ t Knocking on Wood What kindled the timber fever and can timber stocks deliver what they've promised? ALSO fIV ra/S ISSUE: Bargains on KL's Second Board Are Sydney's apartments really good buys? How liable are non-executive directors? Why foreigners are betting on the Nikkei I I Get your copy
      271 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      68 18 SPRING HAS GONe"lo\ f M?. 6R»STOU3 hSOOT TV)ISj V neP*o... Vutrren.. y i&r? 1$ JS&$. DOONESBURY GARRY TRUDEAU <k\*QO.t!UAD&SHIPIS BUT IF THB&SNOKAL SCAN' inc. sua*, ORAINSTVFMIN6 UHtmjffTßß. TKAD CAKFUUY MTTH MLATTHBCBfTBROFWHrm- BKAUSB 2^™* V€SeHeAHN&. IF H UfiTtß, THIS ALL COULP BACK- ITSHWPIMM, THE CHAIR THEXS IS, IN FACT. MAI~ FUV.
      68 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Asia to grow 7.2 pc, rest of the world just 1.8pc
      564 19 Asian Development Bank's annual development outlook Reuter ASIA's booming economies are set to grow rapidly despite a relative slowdown in China and will dramatically outpace the rest of the world in the next two years, the Asian Development Bank
      Reuter  -  564 words
    • Article
      Lock icon Overheating may hurt China's reforms
      374 19 Reuter CHINA'S economy will rapidly expand in the next two years but failure to control economic overheating could undermine financial reforms, the ADB said. The bank said gross domestic product would grow 10 per cent in 1994 and 9 per cent in 1995 down from
      Reuter  -  374 words
    • Article, Illustration
      Lock icon Aids epidemic shifting to Asia, impact on women greater
      283 19 Reuter ASIA is taking over from Africa as the region worst hit by Aids and the epidemic is likely to have a greater impact on women than men, the ADB said. The bank said higher risks of infection caused by frequent
      Reuter  -  283 words
    • Article
      Lock icon South Asia's prospects hinge on macroeconomic reforms
      326 19 Reuter SOUTH ASIA, which lags behind most of the booming economies of the region, can match its neighbours provided it sticks to macroeconomic reforms. the ADB said. Growth in the sub-region was expected to accelerate this year and next year on the back
      Reuter  -  326 words
    • Article
      Lock icon South-east Asia all set for a stellar performance
      393 19 Reuter SOUTH-EAST ASIAN economies will be Asia's engine of growth over the next two years with strong exports and bigger spending fuelling expansion. the ADB said. "With the world economy beginning to recover, the growth and trade prospects for South-east Asia are
      Reuter  -  393 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      302 19 NEW BRANCH NOW OPEN IN BRUNEI If you are worried about your hair you doubtless study every tiny area of your scalp that seems to 'show through' more than it should. You can't be sure, there J J M may not be any problem but then again, it could be
      302 words
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  • Article, Illustration
    PM Goh meets Kohl today, business forum to be launched
    394 20  -  Reports by Walton Morais in BONN PRIME Minister Goh Chok Tong arrived here yesterday on the first leg of a twonation trip to boost economic ties and woo European businessmen to take advantage of opportunities that arise from Singapore's regionalisation
    394 words
  • Article
    Lock icon Japan's former minister Watanabe drops bid to be next prime minister
    287 20 Bloomberg Business News Reuter TOKYO A leading opposition politician has dropped his bid to be Japan's next prime minister. Michio Watanabe, who heads a powerful group in the opposition Liberal Democratic Party (LDP), has decided not to press his
    Bloomberg Business News; Reuter  -  287 words
  • Article
    SM Lee kicks off NZ visit with tour of Tait Electronics
    282 20  -  From Cuang Peck Ming in CHRISTCHURCH SINGAPORE'S Senior Minister Lee Kuan Yew kicked off his visit to New Zealand yesterday morning by dropping in at Tait Electronics, a manufacturer of telecommunications equipment. After a brief introduction of the company
    282 words
  • Article
    Germany's Telekom to open S'pore rep office
    226 20 STATE-OWNED Deutsche Bundespost Telekom (Telekom) will open a representative office in Singapore next month to tap opportunities in the Republic and the region. Post and Telecommunications Minister Wolfgang Boetsch said yesterday. Mr Boetsch told reporters Telekom saw Singapore as an important marketplace and
    226 words
  • Article
    125 nations kick off key Gatt meeting
    250 20 MARRAKESH, Morocco Trade ministers from 125 nations kicked off a four-day meeting here yesterday to finalise creation of a new world trade order but much of the real business will be taking place on the sidelines. A series of bilateral and group meetings
    250 words
  • Article
    Fund managers unfazed by bad press: US broker
    312 20  -  From Ho Kay Tat in KUALA LUMPUR THE bad press Malaysia and Singapore have been getting recently in the United States over KL's banning of the movie Schindler's List and Singapore's court decision to cane an American teenage vandal will not affect
    312 words
  • Article, Illustration
    Case for social clause as a regulatory trade device
    809 20  -  The Bottom Line MICHAEL HINDLEY MICHAEL HINDLEY The writer, a Briton, is a member of the European Parliament THE debate on a "social clause" in the General Agreement on Tariffs and Trade (Gatt) has so far generated a great deal of
    809 words
  • Article
    Lock icon Walesa ends speculation, approves budget
    263 20 Reuter WARSAW President Lech Walesa signed into law Poland's 1994 budget yesterday, ending weeks of speculation that he might veto it to show his disaffection with the leftwing government. Mr Walesa signed the law two days before the Paris Club of government creditors is expected
    Reuter  -  263 words
  • Article
    Lock icon Nato hits Serb guns with second air strike
    179 20 Reuters AFP SARAJEVO Efforts to negotiate a Serb-Muslim truce in Bosnia went ahead yesterday after a second Nato air strike in less than 24 hours silenced Serb guns around the UN-des-ignated safe area of Gorazde. However, Bosnian Serb leaders spoke defiantly against
    Reuters; AFP  -  179 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      203 20 KAISER KITCHEN SYSTEM /HOW TO STAY TRIM 1 IN BUSINESS BY CUTTING CORNERS These days, to stay successful in business, one has to be highly competitive. That means having the right image, up- to- date office equipment and full time experienced staff; yet keeping low overheads. Here at World Wide
      203 words
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      Page 20 Advertisements Column 2
      14 20 Delay ia picking premier any hit Japaa's economy, Pg 7 Hosokawa's legacy, Pg 12
      14 words
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      Page 20 Advertisements Column 3
      10 20 Everyone wins in Uruguay Round, says Gatt chief, Pg 11
      10 words
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      Page 20 Advertisements Column 4
      41 20 KAISER KITCHEN SYSTEM Editorial Serbs will only bow to force, Pg 18 SINGAPORE KUALA LUMPUR NGKANN OOEON TOWERS O MENARAMC mm M io _Qualityj>grviced Offices Tel: 65-*****43/ Fax: 65-*****76 Working From Home? A complete office support for $7 a day Ca*****5240
      41 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Inno-Pac plans rights issue to raise up to USsllm
      399 21  -  By Joseph Rajendran SINGAPORE Inno-Pacific Holdings is planning to raise U5510.25 million (5516.4 million) to US$ll.l6 million to finance the construction of warehouses in India, Malaysia and other countries. In a statement to the Stock Exchange of Singapore yesterday, the firm
      399 words
    • Article
      Hotel Properties unloads 40m Malayan Credit shares to CCL
      313 21  -  By Joyce Quek SINGAPORE Listed Hotel Properties Ltd (HPL) has again lowered its stake in the Malayan Credit Ltd (MCL) property group, this time from about 21 per cent to about 9 per cent. The flagship of businessman Ong Beng Seng
      313 words
    • Article
      Mexico's BAL to buy 12pc of HK's Burwill
      103 21 SINGAPORE Mexican company BAL will take a 12 per cent stake in Hongkong's Burwill Holdings, which has a secondary listing in Singapore. BAL Asia Holdings will subscribe for 84 million new shares at HKSI.IB each in the company. The price represents a
      103 words
    • Article
      Sikap gets M$ 3b loan for power plant project
      516 21  -  Fran Ho Kay Tat in KUALA LUMPUR SIKAP Ventures Sdn Bhd (SEV), part of the Malaysian Resoutces Corp Bhd (MRCB) group, yesterday signed a MS3 billion (SSI.7 billion) loan agreement to finance the Ms 4 billion power plant it will build
      516 words
    • Article
      Is ringgit financing the best route for Malaysian power projects?
      728 21  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE A remarkable item appeared in the news recently: "KUALA LUMPUR. 31 March The US dollar could strengthen against the ringgit in late April when a Malaysian company starts to buy equipment from
      728 words
    • Article
      Singmarine's cash pile shoots up 4 times to $120 m
      308 21  -  By Rahita Elias SINGAPORE Listed Singmarine Industries, part of the Keppel Corp stable, last year built up its treasure chest which nearly quadrupled to $120 million. The increase in its cash position is likely to have stemmed mainly from the
      308 words
    • Article
      Amtek subsidiary to buy three units in Henderson Park factory
      119 21 SINGAPORE A wholly owned subsidiary of electronics firm Amtek Engineering is buying three adjoining flattedfactory units in Henderson Industrial Park for 53.3S million. The subsidiary, Microlite Electric, is buying the units from Motemtronic Automotive Industries, which is being liquidated. Amtek
      119 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        41 21 Firai Murker Mood' indicates the likely trading sentiment today, based on brokers pollixl at 5-6pm vesferday. Overnight ewnts may alter sentiment Hrokirs polled Alliance. Daiwa. UK Goh. Ongco. Phillip. Tat Lee. Smith Cimrt. H'l Carr and S(J W arbun>.
        41 words
      • Article, Illustration
        HOT STOCK
        162 21  -  By Paul Leo DBS Land is poised to test its all-time high of $4.70 achieved on Feb 21 and could push beyond it in the medium term. The weekly RSI has bounced up from 25, indicating that a sharp price fall is unlikely in the medium term. Yesterday's
        162 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Exchange approves SSE's bonus issue
          35 22 SINGAPORE Singapore Shipbuilding and Engineering's proposed l-for-5 bonus issue has received in-principle approval from the Stock Exchange of Singapore. The issue involves 32.37 million to 32.44 million new 25-cent shares.
          35 words
        • Article
          Hiap Moh bonus issue gets SES' okay
          29 22 SINGAPORE Hiap Moh Corp has received the stock exchange's in-principle approval for its l-for-4 bonus issue involving 6 million new 25-cent shares.
          29 words
        • Article
          Chuan Hup shareholder ups stake
          38 22 SINGAPORE Envi Investments, a company fully owned by Envi Holdings, has subscribed for 5.37 million shares of Chuan Hup Holdings by exercising the same number of TSRs due in 1994 at SI each.
          38 words
        • Article
          Nat Steel unit pays $5.9 m for NGE stake
          49 22 SINGAPORE Nat Steel's fully-owned subsidiary. Eastern Industries, has paid $5.92 million for a 43.4 per cent stake in National Grain Elevator (NGE). This sum, based on NGE's net tangible assets, is arrived at on a willing buyer and seller basis.
          49 words
        • Article
          Lock icon Shangri-La (M) expects better results
          142 22 Bernama KUALA LUMPUR Shangri-La Hotels (M) Bhd's group pretax profit rose 17.79 per cent to M 593.3 million (Sss4 million) for the year ended last Dec 31 compared with M 579.21 million previously. This was achieved on a marginally higher turnover of M 5242.11 million
          Bernama  -  142 words
        • Article
          Lock icon Manila firm to issue US$ 25m bond
          92 22 Reuter MANILA Equipment and Engineering Inc (EEI) said it will issue US$25 million (Ss4o million) worth of five-year convertible bonds to finance its diversification plans. EEI president Teodorico Taguinod said a portion of the proceeds from the flotation will also be used to
          Reuter  -  92 words
        • Article
          Lock icon Kretam teams up with two Indon firms
          75 22 Reuter KUALA LUMPUR Kretam Holdings Bhd said it had entered into a memorandum of understanding with two Indonesian firms to establish an oil palm estate in North Sumatra, Indonesia, covering about 40,000 ha. Kretam said further discussions will be conducted between Kretam and
          Reuter  -  75 words
        • Article
          Lock icon San Miguel's first quarter sparkles
          55 22 Reuter MANILA San Miguel Corp, the Philippines' largest food and beer conglomerate, said its net profit rose 40 per cent to 870 million pesos in the first quarter, spurred by the country's economic recovery. Sales volume rose 11 per cent, said San Miguel chairman Andres
          Reuter  -  55 words
      • Article
        Lock icon June target for Advance Synergy's new revamp
        163 22 Bernama KUALA LUMPUR Advance Synergy Bhd's new restructuring involving diversification into new industries is expected to be completed by the end of June this year. Advance Synergy executive chairman, Ahmad Sebi Bakar, yesterday said the various proposals announced subsequent to its financial year-end
        Bernama  -  163 words
      • Article
        Indon plywood giant to raise US$ 200m
        490 22  -  By Conrad Raj INDONESIAN plywood producer Artika Optima Inti aims to raise USS2OO million (SS32O million) to US$25O million through an initial public offer next month. The company, a member of the diversified but largely for-estry-based Djajanti Group, will issue 66 million shares
        490 words
      • Article, Illustration
        Lock icon The shape of things to come
        66 22 Reuter KUALA LUMPUR South Korea's Construction Minister Kim Woo Suk (third from right) looking at the model of a Msl.4 billion (SSBI2 million) building that will form part of Kuala Lumpur's skyline. South Korea's Daewoo Corporation is the project's main contractor. The building, launched
        Reuter  -  66 words
      • Article
        Lock icon KL stock market returning to the good old days?
        685 22 MARKET AA/AICH| Bernama KUALA LUMPUR Something which has not happened for quite some time on the Kuala Lumpur Stock Exchange occurred today: a return of investor confidence and hefty double-digit gains. The scenario was reminiscent of the days late last year
        Bernama  -  685 words
      • Article
        Lock icon Kinta Kellas looks forward to broadening horizons this year
        252 22 Bernama KUALA LUMPUR Kinta Kellas Public Ltd Co is looking forward to broadening its horizons this year while continuing with its core activity of providing management services. Its chairman. Ahmad Rithauddeen bin Tengku Ismail, said in the company's annual report released
        Bernama  -  252 words
      • Article
        Lock icon Ex-Thai PM Anand named Post Publishing chairman
        148 22 AFP BANGKOK Former Thai Prime Minister Anand Panyarachun has been elected chairman of Post Publishing pic. the parent company of the respected daily Bangkok Post, the newspaper reported yesterday. It said Mr Anand was named on Monday after former chairman Konthi Suphamongkhon declined
        AFP  -  148 words
      • Article
        Lock icon Activist group files complaint in US against PLDT
        121 22 AFP MANILA An activist group has filed a complaint with the US Securities and Exchange Commission (SEC) against the Philippine Long Distance and Telephone Co (PLDT). The Movement for Reliable and Efficient Phone Service (More Phones) yesterday charged PLDT president Antonio Cojuangco
        AFP  -  121 words
      • Article
        UNIT TRUSTS & FUNDS
        546 22 UNIT TRUSTS FUNDS Manager*' price* \pr 13 US Gr Fund 104 108" Singapore Unit Trust Invest Mgt LM Tkc Commerce 1.69 1.77 linifund 144 I SO I he Sawngs Fund 1.56 1.64*1 1 r S'porc IVog Fund 0 7 2 0 76 I nrtcd C.r Fund 65 F7I S*piMV Sec
        546 words
      • Article
        New issues may lift Shenzhen bourse out of doldrums
        433 23  -  By Teh Hooi Ling SINGAPORE The languishing Shenzhen stock market will receive a shot in the arm when a batch of new shares in power and automobile companies are listed on the market in the next few weeks. Sun Hung Kai
        433 words
      • Article
        Lock icon NZ rural shares languish despite Gatt progress
        237 23 Reuter WELLINGTON As world leaders sign the Gatt trade deal this week, many New Zealand listed rural companies earlier expected to reap a rich reward from freer trade are languishing on the share market. Many stars of New Zealand's emerging share market recovery
        Reuter  -  237 words
      • Article
        Lock icon Shenzhen Gintian shareholders reject plan for new issue
        246 23 Reuter SHANGHAI Shenzhen Gintian Industry Co Ltd shareholders have rejected a board plan for a new share issue and cash pay-out, the first time directors of a Shenzhen listed company have been voted down. The China Securities Nens yesterday said that instead
        Reuter  -  246 words
      • Article
        Lock icon South Korea's FKI confirms mobile phone consortium
        288 23 Reuter SEOUL The Federation of Korean Industries (FKI) selected 245 local companies for a consortium to run South Korea's second mobile phone system. It said foreign partners would be chosen this month. The consortium, to be led by Pohang Iron and Steel Co
        Reuter  -  288 words
      • Article
        Lock icon Lucky-Goldstar accused of getting back-door entry into Dacom
        458 23 Reuter SEOUL Two of South Korea's industrial giants, vying for a stake in the lucrative information technology industry, have crossed swords over ownership of Data Communications Corp of Korea (Dacom). The conflict came to light when state-funded Korea Telecom sold its holdings
        Reuter  -  458 words
      • Article
        Lock icon HK's MTRC arranges HK$ l.6b bank loan
        144 23 Bloomberg Business News HONGKONG The Mass Transit Railway Corp, operator of Hongkong's underground rail system, said it will refinance existing debt over the next seven years with proceeds of a HKSI.6 billion (***** million) bank loan. In a statement, the govern-ment-owned company said
        Bloomberg Business News  -  144 words
      • Article
        Lock icon CRA, Carpenter Pacific in gold property deal
        165 23 Knight-Rid-der SYDNEY CRA Ltd has reached an agreement with Carpenter Pacific Resources Ltd which could lead to Carpenter earning a 49-per cent interest in the Hidden Valley gold property in Papua New Guinea. Exploration is aimed at identifying gold reserves capable of supporting
        Knight-Ridder  -  165 words
      • Article
        SES hopeful Daimler suffers its first post-war loss
        361 24  -  Reports by Juliette Walker in STUTTGART DAIMLER-BENZ AG yesterday reported its first operating loss since World War II but surprised investors with a fourth quarter pick-up that may herald a turnaround for Germany's largest industrial group. Daimler,"which is planning a secondary listing
        361 words
      • Article
        Subsidiary Temic in talks with EDB
        147 24 STUTTGART —Temic, a microelectronics subsidiary of Daimler-Benz, is discussing with Singapore's Economic Development Board about investing in a new 20-cm wafer fabricator. Frank Dieter Maier, a board member of Daimler's AEG unit who is responsible for Temic. told Singapore reporters that Temic is interested
        147 words
      • Article
        Lock icon Fed ex-governor named Bear, Stearns top economist
        349 24 NYT »*NEW YORK Bear, Stearns >and Co, the Wall Street investfment bank, said on Monday tthat it was appointing Wayne ;«Angell, a former Federal Refserve governor and inflation >hawk, as its chief economist. > Mr Angell, 63, resigned .Tfrom the Fed in early
        NYT  -  349 words
      • Article
        Lock icon Tesco vows to be competitive in British superstore battle
        257 24 Reuter LONDON British supermarket giant Tesco pic yesterday reported 1993/94 pre-tax profits just ahead of the previous year's before a one-off property charge, but gross profit margins fell in a cut-throat battle with rival food retailers. Tesco chairman Sir lan MacLaurin
        Reuter  -  257 words
      • Article, Illustration
        Lock icon Switching on the smiles
        59 24 Reuter NEW YORK Business rivalry went off the air on Monday as media world's two roost influential men met at an annual Centre for Communications awards luncheon here. Turner Broadcasting president Ted Turner (right) was seen exchanging pleasantries with News Corp chief Rupert Murdoch at the
        Reuter  -  59 words
      • COMPANY BRIEFS
        • Article
          Lock icon Cable & Wireless to cut London staff
          69 24 Cable Wireless to cut London staff Reuter LONDON Telecommunications group Cable and Wireless pk said yesterday it planned to cut the staff at its corporate headquarters in London from 130 to around 80 by the end of this year. The company, which has a market capitalisation of nearly £10 billion
          Reuter  -  69 words
        • Article
          Lock icon Hagemeyer sticks to profit forecast
          73 24 Reuter AMSTERDAM Trading company Hagemeyer NV said it was sticking to its earlier forecast that a rise in net profit from ordinary operations should be possible in 1994. "Business in the first months of the current financial year has developed in line with our expectations."
          Reuter  -  73 words
        • Article
          Lock icon Accor confirms Meridien bid
          75 24 Reuter PARIS French travel group Accor confirmed it was bidding for Air France's Meridien Hotels chain but ruled out raisinjg capital on the market to finance the purchase. The group said it was bidding with a foreign partner, which will act as a financial partner, an
          Reuter  -  75 words
        • Article
          Lock icon Best's directors welcome takeover bid
          57 24 Reuter WELLINGTON Best Corporation Ltd's independent directors said they recommended the takeover bid for the food company by Griffins Foods Ltd, a subsidiary of French food group BSN PA. BSN, which already owns 20 per cent of Best, pitched the offer at NZ$4 (553.50). Best
          Reuter  -  57 words
        • Article
          Lock icon Redraw sees pre-tax profit of £21m
          39 24 Reuter LONDON Redraw Group pic, the housebuilding group due to float on the London stock market next month, said it forecast 1993/1994 pre-tax profit at "not less than £21 million (Ss4B million)". Reuter
          Reuter  -  39 words
    • FINANCE
      • Article
        US to check whether banks advise clients of mutual-fund risks
        389 25 WASHINGTON In a partial concession to congressional critics, the Treasury Department has announced that its officials would begin making anonymous visits to banks to determine if bank officials were advising clients about the risks of putting their money into mutual
        389 words
      • SMALL CHANGE
        • Article
          Lock icon Pakistan's ICP offers S$ 10m fund
          76 25 Reuter KARACHI The state-run Investment Corp of Pakistan (ICP) is offering its new 200 million-rupee (SSIO million) 23rd ICP Mutual Fund on April 24. ICP said 12 million 10-rupee shares would be offered to the public, 500,000 shares to ICP employees and 7.5 million
          Reuter  -  76 words
        • Article, Illustration
          Lock icon Court hearing begins for Mario Conde
          55 25 Reuter MADRID Former Banesto Bank chairman Mario Conde (centre) being surrounded by reporters as he arrived at the Madrid High Court on Monday. He was there to answer queries on questionable payments made by the bank during his stewardship. Mr Conde made no statement
          Reuter  -  55 words
        • Article
          Lock icon Centralised control for Swiss banks
          101 25 Reuter BERNE Most Swiss cantonal banks will be supervised by the Federal Banking Commission instead of cantonal authorities in future, the commission said in its annual report. It said most cantonal governments apparently wanted to make use of a revised banking act allowing them to
          Reuter  -  101 words
        • Article
          Lock icon Banks welcome new Bank Negara chief
          111 25 Bernama KUALA LUMPUR Malaysia's banking system will see even greater sophistication and dynamism under the leadership of Ahmad Mohd Don, who will be the next governor of Bank Negara. the Association of Banks in Malaysia (ABM) said. In a statement issued yesterday, ABM said
          Bernama  -  111 words
        • Article
          Lock icon WATC swops 4-year Eurobond issue
          85 25 Knight-Ridder SYDNEY Western Australia Treasury Corp said yestreday it has swopped the proceeds of its Asloo million four-year Eurobond issue into floating Australian dollar interest. Assistant general manager Melvin Nunes said he was happy with the debut of the launch by the Commonwealth Bank of
          Knight-Ridder  -  85 words
      • Article
        Lock icon Global task force looks at disclosure of credit risk
        437 25 FT LONDON A group of leading bankers will soon produce a new framework for the disclosure to regulators of credit risk in the derivatives markets. The framework, which should be finalised within two months, will require banks and securities houses to
        FT  -  437 words
      • Article
        Lock icon Aussie insurer MMI's float closes fully subscribed
        191 25 Reuter SYDNEY General insurance group MMI Ltd, formerly Manufacturers Mutual Ltd. says its A 5181.5 million (*****.8 million) share offer has closed fully subscribed. MMI was established in 1914 by the Chamber of Manufactures of New South Wales, a business group, which sold
        Reuter  -  191 words
      • Article
        Lock icon Arab conference urges freer flow of capital
        174 25 Reuter AMMAN A conference of Arab bankers and stock market officials has concluded that only an improvement in the region's investment climate and a freeing up of capital flows would help modernise their emerging markets. "There is a need to create the right
        Reuter  -  174 words
      • Article, Illustration
        Lock icon India launches first private bank in four decades
        444 25 Reuter BOMBAY Finance Minister Manmohan Singh inaugurated the first new private bank in India in almost four decades on Monday as part of the country's economic liberalisation programme. Mr Singh, architect of sweeping economic reforms, said at a reception to launch the
        Reuter  -  444 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Uncertainty prevails in European bond markets
        438 26 IHT PARIS Although the storm that battered European bond prices has subsided, the siege mentality among investors persists. No one knows whether markets are simply in a lull waiting for another upsetting rise in US interest rates, or whether markets in Europe have finally
        IHT  -  438 words
      • Article, Illustration
        Lock icon Trying to get the message a-cross
        70 26 Reuter LA PAZ, Bolivia Five former workers of Bolivia's state mining company, including this woman carrying her 18-month-old baby, 'crucified' themselves on Monday to demand their jobs back. The protesters, who said they had changed their mind since quitting Comibol under an early retirement
        Reuter  -  70 words
      • Article
        Lock icon lEA sees unstoppable rise in global demand for energy
        307 26 AFP PARIS The International Energy Agency (lEA) foresees an "inexorable rise" in world demand for energy between now and the year 2010, basing itself mainly on an assumption of a jump of more than 70 per cent in world gross domestic
        AFP  -  307 words
      • Article
        Lock icon Low oil price and debt crunch testing Opec members
        220 26 Platts LONDON Opec's present state is "far from satisfactory" and will be tested further as oil prices stay mired at 20-year lows and its members face a foreign debt crunch, former Saudi oil minister and current chairman of the Centre for
        Platts  -  220 words
      • Article
        Lock icon BCCI creditors balk at liquidators' £24m fee
        307 26 FT LONDON The committee representing creditors of the collapsed Bank of Credit And Commerce International is refusing to approve £23.7 million (5554.7 million) in annual fees demanded by the bank's liquidators. who are partners at the accountancy firm. Touche Ross. Touche is budgeting
        FT  -  307 words
      • Article
        Lock icon Japan raw silk exchange seeks deregulation to revitalise
        173 26 Reuter TOKYO Deregulation of silk imports and pricing was the key to revitalising Japan's oldest silk exchange but there appeared little hope for the reforms any time soon, the exchange's chairman says. "The government should go along with the global trend of
        Reuter  -  173 words
      • Article, Illustration
        banque Indounez REGIONAL CURRENCY REPORT
        137 26 THE US$ was sold against the S$ first thing yesterday morning, down to a low of 1.5610. Japanese buying, however, rescued the US unit from its low and it was steadily bidded up during the rest of the day. The ringgit saw an active day
        137 words
      • Article
        Lock icon London
        192 26 Bloomberg Business News LONDON The dollar ended the day up against the mark in Europe amid a US producer price report which was in line with expectations, suggesting US inflation is not rampant. The dollar climbed as high as 1.7208 marks ahead of the PPI figures, then steadied after
        Bloomberg Business News  -  192 words
      • Article
        Lock icon New York
        84 26 AFP NEW YORK The dollar gained against other major currencies except the pound sterling here early yesterday in a quiet market that anticipated news of a modest increase in US wholesale prices last month. At about 9:25 am (1325 GMT), the greenback was trading at 1.7185 German marks,
        AFP  -  84 words
      • Article
        Prices rise as funds buy oil futures, supplies seen down
        169 26 ni> DfOOfllOQrg ENERGY REPORT LONDON Oil futures prices in London and New York rose on continued buying from large investment funds yesterday, brokers said. "The large hedge funds bailed out of gold last week and put cash into oil, which
        169 words
      • Article, Illustration
        Untitled
        1371 26 inde\ iuUululnJ atainst S'ptrr lift 14 trading partners igy inr /«*.< US$/S$ forward rates Noon Apr 12 ss Bid Oder 1-month 1.5634 I 5649 2-month 1.5634 1 5649 3-month 1.5635 1 5650 6-month 1.5635 1.5655 Source: OCBC FOREIGN CURRENCY NOTE RATES to at 9m m Apr 12 Singapore dollars to
        1,371 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Technical rebound takes Euroyen higher
        1337 27 'ttm: mpaH& Reuter SINGAPORE Simex Euroyen closed higher on a technical rebound in choppy trade yesterday. Dealers said the Euroyen also rose on the back of a stronger yen after Monday's sell-ofT. "There was a big sell order out of Tokyo today but Euroyen moved
        Reuter  -  1,337 words
      • Article
        KL tin rises six sen to M$ 14.32
        610 27 COMMODITY REPORTS Tin TIN closed six sen higher at MS 14.32 a kg after a stronger London market prompted buying from Malaysia. Europe and Japan yesterday. Traders noted an opening bid of 172 tonnes against offer of 96. Final turnover was 145
        610 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan's meat consumption higher
          106 27 TOKYO Japan's meat consumption, especially beef, continued to expand in 1992-93 (AprilMarch). with increasing amounts being used by the processing and fowl-service industry, according to a report by the Ministry of Agriculture. Per capita beef consumption totalled 6.7 kilograms in 1992-93, compared with 3.5 kg in
          106 words
        • Article
          China cotton price controls stay
          156 27 HONGKONG China will not lift cotton price controls this year due to fears "dwindling output" will send prices soaring, the official China Daily newspaper reported yesterday. The central government had previously promised to open the market and end price controls. But a senior official said
          156 words
        • Article
          India's peanut meal exports estimate
          98 27 NEW DELHI India's peanut meal exports in 1993-94 (April-March) are expected to total more than 350,000 tonnes, up from 293,004 tonnes a year before, an industry official said yesterdav. N R Vyas. secretary at the Groundnut Extractions Export Development Association, said the association has so
          98 words
    • Article
      COMMODITY PRICES
      1425 27 Rubber (futures daslag as at lpn) tSS I Cotract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 94 145.75 145.75 145.50 100 2.200 Jun 146.00 144.50 146.00 975 6.225 Jul 146.50 146.50 146.50 25 1.525 Aug 147.00 147.00 147.00 25 1.525 Sep 147.50 147.50
      1,425 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1103 28 19.1 Australian shares climbed to higher close yesterday after being dragged upwards by a late bull run on the futures market, brokers said. The market barometer, the All Ordinaries index, closed at 2.095.1, 19.1 points above Monday's finish, while the All Industrials index advanced 35.5 points to 3.188.7 and
        1,103 words
      • Article
        Manila
        582 28 -8.48 Share prices closed lower as selling in the last hour dragged blue-chip issues down with prices seen moving sideways in the coming days in a market looking for direction, brokers said. The composite price index at the Philippine Stock Exchange lost 8.48 points to settle at 2.634.60 after
        582 words
      • Article
        Taipei
        543 28 -13.14 Taiwan stocks ended off lows with some industrials seeing minor gains, but electronics plunged on heavy profit-taking, brokers said. The weighted index ended 13.14 points down at 5.475.34. off an intra-session low of 5.426.17. Turnover was NT552.44 billion against Monday's NT551.55 billion. Panic selling in electronics emerged in
        543 words
      • Article
        Seoul
        396 28 -13.6 Seoul stocks failed to maintain its strength as profit-taking overshadowed the market after six straight sessions of rises, brokers said. The composite stock index ended 13.60 points or 1.52 per cent lower at 880.87. Brokers said selling centred on primary blue chips. Heavily capitalised Kepco went limit down,
        396 words
      • Article
        New Zealand
        295 28 +28.18 The New Zealand share market closed firmer, with the local index outperforming the 14 point rise in the Dow Jones overnight, and Australia's All Ordinaries index. The NZSE-40 capital index closed at 2.151.87. up 28.18 points, after market leaders Telecom and Fletcher recorded significant rises. Telecom rose
        295 words
      • Article
        Bombay
        52 28 +50.38 Share prices rose on the Bombay Stock Exchange (BSE) on buying by foreign investors but mild profit-taking towards the end pared early gains, brokers said. The BSE 30-share index gained 50.38 points to close at a provisional 3.928.93. The 100share national index was up 43.46 points to a
        52 words
    • WORLD STOCK MARKETS
      • Article
        London
        636 28 +28.6 Share priccs closed firm, helped by advances in FTSE futures, gilts and German Bunds against the background of robust gains on continental European bourses. Although sentiment in London seemed to have turned more bullish, share priccs rises were not accompanied by a significant weight of buying interest. Dealers
        636 words
      • Article
        Paris
        107 28 +30.51 French shares ended sharply higher but trade was quiet ahead of the Bundesbank's council meeting tomorrow, which some say may lead to a modest interest rate cut. The CAC-40 index ended up 30.51 points, or 1.44 per cent, at 2,145.28. Volume was 3.04 billion francs. Paris Apr 12
        107 words
      • Article
        Stockholm
        136 28 +0.29pc The Swedish bourse ended slightly higher after a quiet and volatile day supported by lower debt market yields. Brokers said the market lacks guidance at the moment. "It has been fairly quiet and many are waiting for Thursday (when the Bundesbank is expected to lower the Lombard rate),"
        136 words
      • Article
        Frankfurt
        220 28 -14.73 German stocks closcd the after-market session barely changed after dropping in official trading amid a sell-off in financial shares. At the close of the computerised session, the DAX index of 30 key German stocks as calculated on the electronic Ibis trading system was at 2.210.92 points, just 0.56
        220 words
      • Article
        Milan
        201 28 +2.2pc The software that runs the Italian stock market crashed yesterday, forcing the market to close early after investors swamped the exchange with orders. Italian stocks as measured by the Mibtel Index rose 2.2% for the day and have risen 16% since voters favored a right-wing coalition of political
        201 words
      • Article
        Amsterdam
        222 28 1.23 Dutch shares finished in higher territory, but off the day's peaks, bolstered by gains in foreign stock and bond markets and demand ahead of Friday's option expiry on the Amsterdam bourse. The AEX closed 1.23 points higher at 423.94 after nervous and very volatile trade. Amsterdam Apr 12
        222 words
      • Article
        Zurich
        213 28 +0.42 Swiss shares ended little changed to slightly firmer but only a few shares kept the index in positive ryThe broad SPI closed up 0.42 point at 1.848.62. The blue-chip SMI ended up 3.8 at 2.887.8. Zurich Apr 12 t'mn XlusuhNC Bi 652 -3 Butwn Binfii Bi I23# 2<P*
        213 words
      • Article
        Johannesburg
        285 28 -51 South African shares steepened their decline in early afternoon trade yesterday as a firmer financial rand tightened its grip on share prices, dealers said. They said a weaker gold price was adding to downward pressure on prices amid foreign selling. The overall index was down 80 at 4.929.
        285 words
      • Article
        Toronto
        292 28 -11.49 Toronto stocks edged lower in quiet midday trading yesterday ahead of the setting of the Bank of Canada rate which is seen falling 20-30 basis points. The TSE 300 composite index retreated from earlier gains to trade down 11.49 points at 4.291.51 on turnover of 23.49 million shares
        292 words
      • Article
        New York
        751 28 -6.84 The Dow Jones industrial average, which rebounded 14.57 points on Monday, was down 6.84 points to 3.681.99 at II am EDT yesterday. The key barometer was ahead 8.92 points shortly after the market opened. The New York Stock Exchange composite index was off 0.48 to 248.97, while
        751 words
      • Article
        Untitled
        767 28 Britannia Funds Sterling («sh Bid (HTff Mini 1 jp Di-poMl *M«> Mini Jrrx\ (nit (I l»r» (I 1-w: MM MMIMMH •OI-OO ****** 1 SS C ash I.KOUK IMun Fuiul ***** I0 4?00 PS S Rivixe Kund 2*00 5 2WJ0 Sterling Kquil) luro IViKnm.iiKc 0 0 4HH Far Ia4 fwmi •;><»»
        767 words
    • Article, Illustration
      HONGKONG
      2769 29 Bloomberg Business News HONGKONG Fading concerns about inflation and higher interest rates led investors to refocus on the strong earnings potential of Hongkong blue chips, sending the Hang Seng index higher for a fifth straight day. Major blue chips pounded after Feb 4. when the Federal Reserve pushed up
      Bloomberg Business News; Source: Bridge Info  -  2,769 words
    • Article, Illustration
      CHINA
      515 29 THE Shanghai B market weakened with the CLSA B index shedding 12.19 points to 694.94 yesterday. Trading was dispersed with turnover at US$3.l million. Profit-takers from an overseas broker caused both Dazhong Taxi and Phoenix Bicycle to tumble almost 10 per cent. China Textile Machinery was the biggest loser,
      515 words
    • Article, Illustration
      TOKYO
      2509 29 Bloomberg Business News TOKYO Stocks declined for the second day amid concern over a stronger yen, which would erode the profits of corporate Japan, and the course of Japanese politics, traders said. "The political situation is still keeping people on the sidelines, so unless we see any indication of
      Bloomberg Business News; Source: Bridge Info  -  2,509 words
    • Article
      CLOB INTERNATIONAL
      2681 30 MOST ACTIVE volume Mulptu Intl Mk 14 III (XX) Promct Umi Ulris H\d 50c 7.207.000 kamunting S0c 5.405.000 \MDB 50t 5 III UK) B*.tu\ j In J 4 556.000 Kcnong Bh«] 50c 4.505 000 Fiber Group 4.142 (100 Pcgi Mm.i l.Mtl Johan Hklgs MV V1M4 000 B Ka%a
      2,681 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Growth outlook leads bulls back to blue chips
        5232 30 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index soared 5.29 per cent to close above the 1.000 barrier as institutions bid up prices for blue chips expected to benefit from strong economic growth, analysts said. The Kuala Lumpur Stock Exchange's benchmark
        Bloomberg Business News; Source: Bridge Info  -  5,232 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7246 31 1 «*■»**> I i fran^c,K>n frig Apr 12 Or Gr IWM4 Last Vol Day Last Qaott Dh Oi« VM Net M Cay High Lao Company Sale (tM) High Low Boyrr Setter S Or P/E S«il MOOSTMAL ANO COWPCWL 1440 260 I s Acma 980 cd +35 336 1000 950 970
        7,246 words
      • Article, Illustration
        Blue chips lead market surge on foreign buying
        1812 32  -  By Paul Leo SINGAPORE Followthrough demand for blue chips by foreign institutions pushed the local bourse higher for the second straight day yesterday. The Straits Times Industrials Index soared 50.30 points to 2,233.66, almost matching Monday's 63.12-point surge to 2,183.36. There were
        Charts by Bridge Info; Source: Bloomberg  -  1,812 words
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      375 21 NEWS VALUE Ho m today's news might a I fix l your slacks Economists up forecasts for Asian growth this year (pg 1) Reassuring to long-term investors. Will help underpin the recovery in regional markets over the past two days. Daimler firms up plan for May 10 S'pore listing (pg
      375 words
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      612 22 ChtaaßectricftN^ Jim 1-8,1984 annum!, Clrina Shangri-La Hatal CHINA SET TO SPEND (US) $50 BILLION IN EIGHT YEARS TO EXPAND ITS ELECTRIC POWER GENERATION CAPACITY The expanding demand on the electric power generation industry in the People's Republic of China is expected to require an investment of over (US) $50 billion
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      6 22 Dividends table has been held over
      6 words
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      198 23 t*- i A I f\ CuXJI Growth w W Y m Improved Cash Flow Expansion Today's BME*s could bo tomorrow's Blmply by improving ossh flow with own sssoclstsd oompsnlss In MslsyMflCs. All It tskss Is s llttts Imsglnstlon, Immsdlsts cssh sdvsncos of up to 90% sis, ThsHsnd, Indonssls snd ths
      198 words
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      117 24 Businesses in A a cOmP a 11 v eadh e TNT Express Worldwide HO Payalebar Road #02-10 A-Z Building Singapore 1440 Telephone: 1800-*****22 NOT JUST FASTER, SMARTER. 3 j I 35% Off in Jakarta! To celebrate the opening of The Shangri-La Hotel Jakarta, our Superior Rooms are reduced to U*****.00
      117 words
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      526 25 BUSINESS TIMES TOLL—FREE TEL. No. 1-800-741-1883 FAX:74I-1298 ICS ICS REINSURANCE PRIVATE LIMITED (Incorporated in the Republic of Singapore) NOTICE TO SCHEME CREDITORS OF THE SINGAPORE INSURANCE FUND OF ICS REINSURANCE PRIVATE LIMITED REMINDER NOTICE It HEREBY GIVEN that pursuant to the Scheme of Arrangement that was approved by the Scheme
      526 words
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      Page 25 Advertisements Column 2
      23 25 Unable to care for your pet? Call CATS, to place an ad in classification 115. and find it a new home. C.A.T.S. 717-116*
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      Page 25 Advertisements Column 3
      380 25 Industrial Bank of Korea announces the opening of its Singapore Branch It may seem like the world is getting smaller, but Industrial Bank of Korea (IBK) is expanding. To better serve our international customers, IBK, a leader in the Korean banking industry, is opening a new branch in Singapore. The
      380 words
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      44 26 EHteMsh venifyouare --..7 in Taiwan, we can still bring you our latest news. w—m WearenowinTaiwan I Grand Hotel Brother Hotel •car Taipei Hilton Hotel f rri-mimriirifiriiMity South Asia Publications (Taiwan) i 3/F, No. 726. Wen Lin Rd.. Taipei, Taiwan, fggj Tel: (02)835-5987 Fax: (02)835-5759
      44 words
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      181 27 fr Lobster and Fin Special FOR IO PERSONS) \v9Sm Lobster Salad Shark S n W tfl Steamed Duck with our p,urn Sauce j9 Fish with Soya Bean Crumbs Tom Yam Prawns vir Sweet and Sour Pork Rib Seasonal Vegetable with Mushroom Heng Wah Noodle ""^p Daily Dessert I I 10*
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      Page 27 Advertisements Column 2
      48 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 737-1166 Make the connection through The Straits Times Classified when you're looking lor JJTNct bargains or looklnglor VwO customers. T Jurt 1 h e CJLTJ. a call 7>7-i»~-1
      48 words
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      25 28 ROY EASTERN WATCH, LUCKY PLAZA, #01 -74, #01 -86/87/88 ORCHARD ROAD TEL 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01 -18/20 ORCHARD ROAD TEL 235 2536.
      25 words
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      101 29 Yes, get instant cash at low, low spot for your shares for 1, 2 Period iHwf§ii rates with our Express Share Loan, Wats* or 3 months from as low as exclusively from Hong Leong 1 iiwilli 0.9%. Call us at 220 9433/ Finance and Singapore Finance. 2 iHHlth* 1.7% 1800-226
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      Page 29 Advertisements Column 2
      8 29 The Bangkok and Jakarta markets were closed yesterday
      8 words
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      67 30 RATHER THAN A STOCK EXCHANGE, LOOK AT AN INVESTMENT EXCHANGE. At itibank. you can now switch to I nit I rusts and still get the opporlunitx to make hiuh returns with onl\ moderate risk. So lor a fresh alternative, call our 24-1 lour itiPhone Banking toll-free on INOO) CITIBANK Ca
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      Page 30 Advertisements Column 2
      5 30 TECHNOLOGY Tomorrow in Business Times
      5 words
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      103 31 Yes, get instant cash at low, low spot for your shares for 1, 2 Period intorost rates with our Express Share Loan, or 3 months from as low as exclusively from Hong Leong 1 month 0.9%. Call us at 220 9433/ Finance and Singapore Finance. 2 -With* 1.7% 1800-226 3398
      103 words
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      1227 32 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 CHIPS TECHNOLOGY PTE LTD (Members' Voluntary Wlnding-Up) NOTICE 19 HEREBY GIVEH pursuant to Section 306(1) of tm Companiss Act, Cap. 50 thai Vie rtnaiuanaraiMaaungonnaMafnbars of tha atoovenamed Company *H9 be hald at 11 Coiyar Quay #10-04, Tha Arcada, Singapore 0104 on Friday, 22 Jul 1804
      1,227 words
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  • Shipping Times
    • Article, Illustration
      FELS Cranes clinches $4.5 m deal from Surabaya port
      294 33  -  By Rahita Elias SINGAPORE Keppel group member FELS Cranes has won a $4.5-million contract to supply equipment to the Indonesian port of Surabaya. It will provide three rub-ber-tyred gantry cranes which will be used to handle containers under a package that
      294 words
    • Article
      Slow start as freight market takes stock
      573 33 Knight-Ridder LONDON Trading on Monday started slowly on the freight market here, but brokers suggested that both owners and charterers were "taking breath" after the frenetic activity in the Atlantic last week. The firmness in the South American market has kept rates buoyant
      Knight-Ridder  -  573 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1113 33 Page Coi ABC Containerline 12 5 Accord Group 8 1-3 Africa Container 16 4 Ahrenkiel Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 Antaco Mgmt 17 1/2 •APL 5 3-5 Appenship 8 4/5 Arabian Express 15 3 ASCL 5 5 Assist Marine
      1,113 words
    • Article
      MSE engineering unit gets quality certificate
      166 33 Bemama JOHOR BARU The engineering division of Malaysia Shipyard and Engineering Sdn Bhd (MSE) in Pasir Gudang, 42km from here, has been awarded the Quality Systems Registration Certificate, MS ISO 9001. According to an MSE statement on Monday, the Standards and Industrial Research Institute
      Bemama  -  166 words
    • Article
      Flooding of Missouri, Ohio not expected to affect shipping
      344 33 Knight-Ridder KANSAS CITY Runoff from heavy weekend rain in Kansas and Missouri and up the Ohio River Valley were swelling the Missouri and Ohio rivers and their tributaries. But no shipping problems were seen in either waterway, sources with the US
      Knight-Ridder  -  344 words
    • Article
      Litton shipbuilding unit gets export licence
      162 33 Knight-Rid-der NEW YORK Litton Industries said on Monday its Ingalls Shipbuilding division has received an export licence from the US Department of State, which will permit Ingalls to keep working with HDW, or Howaldtswerke-Deutsche Werft, of Germany, to develop diesel submarines for international sale.
      Knight-Ridder  -  162 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        516 34 »Wd ¥>t W» BfMi *rm»l Ptparturt Vewtl No Bftti fcthd Pqwrtin Joroag Port Bs Mega Vict *03A P02 13.04/1100 13 04/1S30 Adfctral 2 M/5 alongside 1304,0600 Btang laya 4/94 P03 1304/0830 131)4/1100 Bajmad 1868 1030/94 13 alongside 1304/0400 fasten Q 10E/94 P04 12 04 S2030 13 04/2030
        516 words
      • Article
        CONTAINER SCHEDULES
        1410 34 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Booking/Balance Rdts Ship Voy No Etb/Btr Period From To From Aa>i 113A 13/1500 1A 12/1500 12/1659 12/1900 AfcPnde 50A 14/0200 1A 12/1500 12/1659 12/1)00 IB 12/1500 12/1659 12/1900 2A 12/1700 13/0659
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    • Article
      THE SHIPPING GUIDE
      12657 42 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
      12,657 words
    • Article
      DAILY FREIGHTS
      853 49 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.239 on Monday from 1.228 on April 8. Trading started slowly on the freight market here, but brokers suggested that both owners and charterers were "taking breath" after the frenetic activity in the Atlantic last week.
      853 words
    • Article
      TRANSPORT DIARY
      279 49 COURSES Title: Import/Export Shipping Procedures (SDF 50%) Duration: Apr 14 June 2 Organiser: Llim Management Services Tefc 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.
      279 words
    • Article, Illustration
      French ports yet to benefit from cargo-handling reform
      1068 50 While measures have been implemented to shake up cargo handling operations at French ports, they have not resulted in significant increases in traffic volume Lloyd's List IF THE reform of the cargo-handling sector, which came into force officially in June 1992, can,
      Lloyd's List  -  1,068 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Sanctions-hit Yugoslav airline struggles to stay aloft
        692 52 Reuter BELGRADE What does an international airline do to earn revenue and keep afloat when it is restricted to a few domestic routes by United Nations sanctions? Yugoslavia's JAT has come up with one novel idea opening an upmarket pastry shop in Belgrade
        Reuter  -  692 words
      • Article
        Transport firm closes as US trucking strike drags on
        489 52 Reuter WASHINGTON As the nationwide trucking strike dragged into its sixth day on Monday, one freight hauler said it was going out of business, while the Teamsters union ended the strike against another trucker after it quit an industry negotiating group.
        Reuter  -  489 words
      • Article
        VW sticking to Skoda investment: minister
        286 52 Reuter PRAGUE Germany's Volkswagen AG will fulfill its latest investment plan for Czech car maker Skoda but the total is still in question, Trade Minister Vladimir Dlouhy said on Monday. "I can say that the VW board chairman, Dr Ferdinand Piech, confirmed all plans
        Reuter  -  286 words
      • Article
        Qatar Airways cancels flight to Sri Lanka
        173 52 Reuter DOHA Newly-formed Qatar Airways cancelled its first flight to Sri Lanka because India refused to grant it permission to overfly its airspace, a senior official said on Monday. "It was a great shock to us, we regret this unfair action," said Sheikh
        Reuter  -  173 words
      • Article
        Air France workers vote for rescue plan
        395 52 FT PARIS Air France workers voted overwhelmingly on Monday in favour of a rescue package, securing an important victory for Christian Blanc, the chairman, in his attempt to reform the state-owned carrier. Air France said a referendum of the company's 40.000 stafT produced
        FT  -  395 words
      • Article, Illustration
        Sitting pretty
        38 52 Reuter ISTANBUL Stewardesses waiting beside their luggage on Monday at Istanbul's Ataturk airport terminal while Turkish Airlines pilots refused to fly in protest against new flight regulations. Thousands of passengers were stranded at Turkish airports. Renter
        Reuter  -  38 words
      • LOG BOOK
        • Article
          Daewoo yard wins US$ 100m order
          69 52 Reuter SEOUL South Korea's Daewoo Shipbuilding and Heavy Machinery Ltd has won a USSIOO-million (SSISB million) order to build two container vessels for Canada Maritime Service Ltd. a Daewoo spokesman said yesterday. Daewoo Shipbuilding, a member of the Daewoo Group, said delivery is due
          Reuter  -  69 words
        • Article
          Emirates to hire Japanese cabin crew
          84 52 AFP DUBAI Emirates, the official carrier of Dubai, has launched a drive to recruit Japanese cabin crew after a surge in Japanese passengers, the airline said yesterday. It will be the-first Arab airline to have Japanese crew and the move is expected to attract
          AFP  -  84 words
        • Article
          PAL renews accord with BA
          88 52 Reuter MANILA Philippine Airlines (PAL) recently renewed its commercial agreement with British Airways (BA), allowing the British flag carrier to continue flying the Manila-Hongkong route, a company official said on Monday. "Under the agreement. BA can exercise the fifth freedom rights which allows it to
          Reuter  -  88 words
        • Article
          Brazil reschedules sale of shipping firm
          58 52 Reuter RIO DE JANEIRO Brazil rescheduled the privatisation of shipping firm Lloyd Brasilciro to May 11, a National Development Bank spokesman said on Monday. No investors made bids for Lloyd at a March 30 auction, he said. Brazil's privatisation commission confirmed the minimum price
          Reuter  -  58 words
        • Article
          Santa Monica highway reopens
          38 52 Reuter LOS ANGELES Less than three months after an earthquake shut it down and more than two months ahead of schedule, the Santa Monica Freeway, aorta of this city's circulatory system, reopened yesterday. Reuter
          Reuter  -  38 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1760 52 att ra nm n»_ a% nm cu nm n» Mm MmM 0K510 1900 9—mm SRI83 2105 kMmtt SQ227 2030 6a«tzfc— CZ353 1255 CZ354 1420 kmmm RJ182 1445 RJ183 2230 Naagrtwa Mt931 2035 MI932 0920 hllllil KL837 1450 KL832 2300 ItaMi VN741 1310 SQI76 1130 GA895 1450
        1,760 words
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      47 33 Drager a> SAFETY EQUIPMENT (SOLAS APPROTED) PA9O MARINE xflNi Specifically Designed Breathing Apparatus ;i. For Maritime Application HIGH QUALITY HIGH PERFORMANCE HIGHLY AFFORDABLE *M Draeger South East Asia Pte Ltd 67 Ayer Rajah Crescent #06-03 Singapore 0513 Tel: 773 2133 Fm: 773 2033 Tlx: RS ***** DWSING
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      14 33 (llMt mi MnICM NffMMtod 1/ 1 For advertising enquiries, contact Shipping Times: Tol 740-2069/740-2090
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      Page 33 Advertisements Column 3
      58 33 VISA FREIGHT SERVICES PTE LTD i THE TOTAL TRANSPORTATION PEOPLE i 3 1800 *****66 French ports yet to benefit from reform, Page 18 Yugoslav airline struggles to stay aloft, Back Page SELUNG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or
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      431 34 TSKUNE AGENCCS (S) PIE. LTD. rI 1 C |7 T vwrri Tel: 226-3363 qPHQI JL «i 3« JLLNrL Fax: 226-1972/3 w tix: RS *****/TSKSIN. qggpg? TOKYO SENPAKU KAISHA, LTD. CR No: **********0N re tcxunT 04tt "lS **13.04 1214 IVM S 2U4 2M4 ma WMiT 0338 13.04 *15J4 15.04 18.04 23.04
      431 words
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      Page 34 Advertisements Column 2
      1046 34 ■> m u —an ct JOEL. mm rrm mm mm? m 1 inar mm* irar mm* uammr mm i iMtl. caufoma mrcury to uu4 n« 21 «s is is is «j <s 75 I*l mx win/ aw ii« s is us us us lis us u.s us med im u/tim
      1,046 words
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      2197 35 55M 3 2 F5? J2«9« MI AOIMCIE DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) 1 CFS TEL: *****6 BOOKINGS TEL *****80 *****81/ *****82 lp O" TEL: *****3/4 *****6 SSBr^4S?£™a£«SSS TEL: *****27 FAX: *****25 Dedicated to Quality Service cr number: **********0 c 200 CANTONMENT ROAD, #12-05 SOUTH POINT. SINGAPORE 0208 TO USA mm
      2,197 words
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      Page 35 Advertisements Column 2
      1912 35 mumssasm SAILINGS TO HONGKONG/TAIWAN/JAPAN/KOREA/CHINA SL-EXPRESS V.208E ETA SIN 17TH APRIL 94 MAGELBY MS. V.9404 ETA SIN 19TH APRIL 94 ANDERS MS. V.9406 ETA SIN 20TH APRIL 94 VMM Voy ETA ETD rwmrrt by destinations This m* MAQLEBY MAERSK VMM kIMaWffIWH—W^W——g— HHHWIMM is/ex oaoo mrs CFS 235* HRS JOH LPK PEN
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      1558 36 mh H V W H I B w HH A V I w*l il mM am"J KM kjll||j| h a?I I AQABA R OAM/1 LE ALSO ACCEPTMQ FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S'TON H'BURQ A'WERP HAVRE yyegj MALAYSIA V- JUZ 21/114 13/4 30/4 3/5 2/5 Port Kelang.
      1,558 words
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      Page 36 Advertisements Column 2
      596 36 FCL Break bulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for al services C.I.S.- Voetochny, Vladivostok. Moscow, Taahfcaflt, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam e Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN PKR CGM Korrigan V 2094 13/4 09/5
      596 words
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      Page 36 Advertisements Column 3
      1022 36 I NORASIA" WEEKLY SERVICE WITH FIXED DAY SAILING IQ LA SPEZIA r FFOrS r BARCELONA, VALENCIA FOR MORE DETAILS, PLEASE CONTACT: MS TAN SEOW CHUAN/MS FEUCIA PEH STORE BEHRAi AtEiT: BORASIA AGENCIES (SI PTE LTD MJO aeemmft, T+. THAI LA NO AGENT :PB AGENCIES CO LTD TEL: 2S2I9RR/R0 MN/tNNUVW£It*/KKB®N 4
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      1833 37 STRAITS SHIPPING PTE LTD 10 Hee Chiang Road #11-01 Ktppd Towers Singapore 0200 Tel: *****00 Fax: *****17 NEW GUINEA PACIFIC LINE jaTOp (A SERVICE OP CHINA NAVIGATION CO) accepts \SwyV CARGO DIC SJUtS STRAITS VENTURE VIOE Muara. lab 14-15 Apr If Apr 17 Apr FCL, LCL COMTAMCR AMD MCAKBUUC ACRVtCE
      1,833 words
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      Page 37 Advertisements Column 2
      2910 37 SINGAPORE AGENT: IJXtI 1 I AHtQIfIAI*G PAO Containers (Singapore Agencies) Pte Ltd M* 9 10 Hoe Chiang Road #07-01 Keppei Towers, Singapore 0208 Wr Te,: 225 2233 Tetex RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT j vemcl vov 'Me *pko MM sou ant not nam
      2,910 words
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      Page 37 Advertisements Column 3
      8 37 HO CHI MINH TEL: *****26 FAX: *****27 LENNON
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      Page 37 Advertisements Column 4
      35 37 VESSEL ETA ETD DESTINATION SONG T*N« 11/04 ISm NO CHI MNN j NNUT TAO IIW 17SM NO CM MMH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 22S ISII FAX: 22S MM TLX: R«23MI VKTHK
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      637 38 > GENERAL AGENT C.R NO *****51-***** 4a eka jaya agencies l VMr TEL: *****22 LINES) FAX: *****05 SALES REPRESENTATIVES M CHARGE jjOfiMjOMH an_ r@alj.il cehterS^T U 1W» LINES fan w> Ini rw wt ini hoc ojaum iui_jm un— Jim n*i it/M ac-jiaj BUBUi aa_JU! BZL_JBJ! MLMMB 2JL- Jim OH-AM n—
      637 words
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      Page 38 Advertisements Column 2
      1385 38 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 mm Ism Ilm haul m n» n*w. aw |lmhml u_ wc HMUN BMMEN 01 It 15/4 OMCI 5/5 J/5 7/5 MNMPI MOO 01 It 15/4 H MOT 11* U/5 »/5 H/5 NMUN HONGKOW 0441 22/4 OMCT
      1,385 words
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      Page 38 Advertisements Column 3
      1331 38 Hi I Ipil sop ksc mo ilo pk *i oa m w no ui as u mc uw w k v ai m I E.OKTM44S 12/4 14/4 11/4 21/4 22/4 24/4 21/4 27/4 21/4 21/4 JM 11/5 24/1 M/ 5 27/5 l/l 7/1 l/l »/t 10/1 21/ i M/l 4/7
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      Page 39 Advertisements Column 1
      1763 39 PLEASE CALL HI II NEPTUNELINK (1800 *****00 TOLL-FREE) ■I H FOR THE FOLLOWING INFORMATION: ■I VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ ■I mmmm II freight charges payable/store rent charges/ ■I H AVAILABILITY of documents for collection ■I HI *81 Conracttng CNHornta Poqbsms ¥oj 2R In MM 23/04/94 I ■I HI **2 CaaMcttag
      1,763 words
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      Page 39 Advertisements Column 2
      509 39 I HEUNG-A SHIPPING (KOREAN FLAG) I' 'Jrwite'i'i'r'''a"A'ii't'ii'a'tf 'mm iMir'iai''' iaiirain't 1 I n' n 1 I FULLY COwTMNroZH) SERVICE j COIitENTmwL SERVICE mmskm i wa i w» f i m I a» I ml tc i aoe i »l an p r«im 5/4 i«/T u/4 ?i/« »/< »/< 77/4 no
      509 words
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      Page 39 Advertisements Column 3
      1208 39 A MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51. *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Ifci AL BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE MSURANCE: *****37 INVENTORY: *****59 AGENTS: KL:
      1,208 words
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      1366 40 K44a_ Mtf AS AGENTS: "I" LIE (SMBAPOK) FIE LTD (C* NO; 1244t*****H1/6ST KG NO: M2-M*****-() TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 T IVI MALAYSIA: 1" LK MMfTNE (MALAYSIA) SON IHO M i T EL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUTINTBMUSA, TEL:
      1,366 words
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      Page 40 Advertisements Column 2
      711 40 ©APPENSHIP (3\-z HAMBURG \T\) CONVENTIONAL ft INDEPENDENT LINER SERVICE I EUROPE TO SOUTH EABT ASIA AND FAR EAST OESSQS LOADING TORTS USCHARGE/lOAMNG FOR SUMMER HAM 30/04 SPORE 29/04. BKK I FRUITION KLA 28/03 ANT 05/04 SPORE 05/05 BKK LORELEY HAM 23/03 ANT 28/03 SPORE 14/05 BKK. LAEM KOALA CONTAINER LINE
      711 words
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      Page 40 Advertisements Column 3
      346 40 /Wr, GOLDEN LINE £V GUAN GUAM SMPPMG USJ<A (PTE) LTD I—l a, tm Apr Street MKAPOM tIM TR 5343M1 (11 UKS) fm UUSM (O Ha IAUMMMM) wuni/iMimi cplt mro« S pore P Keiang Penang GOLDEN SIM Hi'Kh. Date a/n %r IRMX CMCE Karachi Dubai 21/22 Ap CHMA KITKI fiOUO HMO
      346 words
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      1069 41 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street 03 P,L Building, Singapore 0106. I JJ CR NO: **********06 m ■nvrnw UiUililiiS 3 |V«MeL VOV SM BKK wi SJN l| UNO MillMM" mu fijj ia/1 91/4 4JSI 17/4 20/4 24/4 2 MW MARINE 43N 15/4 16/4 21/4 mmai TERATAI 4663 If/4
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      Page 41 Advertisements Column 2
      1436 41 VESSELS VOY ""sT" It HAVRt KAACURG THAMES ROTTERDAM ANTWERP WUI PE TUCAHA UO3W 11/04 I l/OS 13/05 14, 05 IS, OS 17/05 KMC* CIMO ROJW 30 04 22/05 24/05 25/05 26/05 2*/05 Wilt 01 MMH CO3W 06 05 2»/Q5 30/05 31/05 01/06 03/06 Will 01 SAGITTA SO3W 01/06 03/06 04/06
      1,436 words
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      Page 41 Advertisements Column 3
      433 41 I BSA li. imjji MYANMA «BBk FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen P.Gdg KUVAI HUDHU Vl* In Port HP* AN V2OIW Sid PAGAN V2O9W 15/17 Apr HP VAN V2O2W 28 30 Apr MALAYSIA AGENTS 60USTEAD SHIPPING AGENCCS Kll lEI 03 *****00 «l
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      1277 44 Vnl\> ■MMMHiliinn'iillAlliiniuiiiSiA^H OOCCS^ v TO AUSTRALIA/NEW ZEALAND W fc 1 tw I M* 1 SM I «m> 1 >• SST) Mmowi 32* 14/4 24/4 >7/4 EUfN HUM 324 14/4 2J/4 29/4 2/5 1/* W* ■HQ 127 573 573 17/5 2*/S 25/5 M/» 17/< TO USA/CANADA m tm GtMpart Clurtnton 5ra55
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      661 45 (ft FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 17/4 ROTTERDAM 17/4 AARHUS/COPENHAGEN 17/4 HAMBURG/BREMEN 17/4 MARSEILLE/FRANCE 19/4 FELIXSTOWE/UK 17/4 BARCELONA/SPAM 18/4 LEHAVRE/FRANCE 18/4 GENOA/ITALY 18/4 ANTWERP/BELGIUM 18/4 LOS ANGELES/WC/PI 17/4 SYDNEY/MELBOURNE 14/4 NEW YORK/EC 17/4 FREMANTLE/ADELADE 15/4 VANCOUVER 15/4
      661 words
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      Page 45 Advertisements Column 2
      1466 45 II 1 H& i 5? VESSEL VOY MM PEN I^H 1 '»"*bhom ed 1 bunoasctoia ot —tJT™* m I W4 M ■I VESSEL VOY SIM BKK SMATRA BMUM 2$S Sa« M/ 4 Ty It/4 "1777" "7777" K MAMA BHUM 205 M hwl 13/4 SH I W/4 WAMA BMUM 224S Ty
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      1479 46 B IHI Jb B 818 flPßfc B BBP B B y» 'W?VAI^S|^P ■Al IttCjiLi SPOftC: «mmm f*| UNKtI |2lv a«J(gM) *****6 KUCHINQ (082) *****3 I PWHMKk (04)*****6 BANGKOK (062) *****67 MANILA (632) *****61 I P. WELANO: (08) *****77 JAKABtA: ftp *****07 SURABAYA: (31) *****0 I HKG/TWN/BKK I GENOA/EUROPE I PEN
      1,479 words
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      Page 46 Advertisements Column 2
      113 46 TITIMAS SHIPPING VJ a TRADING SDN. BHD. TTTMuCT. KELANO (03>*****55 (H/Ltaw) Fax: 03-3M03C3 The MA 3841S TIBITA [VESSELS VOV P. KLANQ POflT Of DESTINATION NEW LINE NOl 5/S4 14/4/S4 MUARA/KK/MW SUTRA 6/94 14/4/94 KUCHMQ/SBU HUA HONG SATU 5/»4 20/4/94 MUARA/MIRI I SENG LEONQ 6/94 20/4/94 KUCHINQ/SCCI PINESEAS MARITIME PTE LTD
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      Page 46 Advertisements Column 3
      213 46 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD ii» n* ft* Vm mi ROME KIMIC Bill MK 25/4 2S/4 loading tor Mik RUVM HUDHU 28 4 Dischjiging and loading tot Bombay (XXnw ?6 4 24/4 loading fof Malt mm SUPKW 30 4 28,4 loading For Malt UMWiDH 18
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      890 46 JL THONG SOON UNES PTE LTD I /\y\ 78 SHENTON WAY #10-01, SMGAPORE 0207 I*! Ta: 227-5088 FAX: 227-6011 fcTLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VST S'PWE ItST KSttL IttT ISTHE |«T EQUATOR ROYAL 99/4E 14 APR KUCHING EQUATOR GRACE 115/4E 13
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      Page 46 Advertisements Column 5
      169 46 M WINSTAR SNIPPING PTE LTD omct si m. mob »»2-i2 smuem tm nnrim. 2 TCL ****** FJUb 2C***** ALSO ACCCFTWM PROJECT CARGO TO OTHER PORTS FN MOKIMS CALL: MYAT. «Tl. MMfZA. BIELU TEL: 2ZMIM RUL 22S4ZX 01 M. *****t3MMC > 50 TELOK BUMGAH ROM) #02-02 CITVORT CBfllE, STUK 0409 TEL:
      169 words
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      609 47 ttJgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE kcffllK BKAKBUU/SOC CMGOtS TO/FROM KOK. YOKOHAMA. NAGOTA, ■OJL TOKYO*. MMU*. OAKHO* Ptnanj* P. Ktiani Seaport EHm* Biyeverett vie ns/13 Apr KAMAIEVERETT V2OE 24/25 Apr 2S/27 Apr SHAPLAEVERETT V2OE 03/04 May ACCEPTM6 BKAMUU/FCI/MC CAKGOCS TO/FROM CMTTMON6. CALCUTTA MD MONQ.A*. Sflfapvt P. Ketone* Pefuof* Pair
      609 words
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      Page 47 Advertisements Column 2
      247 47 mat SUIIY umamtii 55r^ REGULAR LINER SERVICE TAIWAN TO SINGAPORE A ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 26/4 28/4 4/5 13/5 GLORY S&ATAN VIII 9/4 11/4 17/4 28/4 SP PKL HCM HK KAO GLORY SELATAN VI 16/4
      247 words
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      466 47 EGYPTIAN NAVIGATION COMPANY ALEXANDRIA (EGYPTIAN GOVERNMENT LINE) iAtTi«^Pi^cowvpmomLicwct HESSB./VOY SPOAt LOMIM FOR ncnc nuoa m/m ft suu pt vmdhui m.so accipt cast mroMMW ran on mucaen PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK A CONTAINER SERVICE vessel vot ""^amcnT""" ISLAMABAD) 120-HW 27/04 06/06 IMURAN 147-HW 11/05 21/05 HYDERABAD 129-HW 20/05 04/05
      466 words
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      614 47 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS HUHE/104 26/04 04/ OS 10/ OS 12/05 VI HE/98 11/ OS 24/06 2S/OS 2 7/OS SHUN HE/103 26/ OS 09/06 10/06 12/06 TAO HE/84 11/06 24/06 2S/06 27/06 ACCEPTS CARGO TO JOHANNESBURG PRETORIA VIA
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      Page 47 Advertisements Column 5
      324 47 H I I M llt'lVillr I 3 ■Irl SjN FAR EAST > 19/04 KEELUNG/KAOHSIUNG C 16/04 BANGKOK 17/04 MANILA/CEBU 17/04 JAKARTA/BELAWAN/SURABAYA 17/04 PORT KELANG/PENANG/E. MALAYSIA 17/04 BUSAN 17/04 TOKYO/YOKO/KOBE/NGO/OSA 17/04 HONG KONG SjN CHINA (+B#±«Sn) 17/04 GUANGZHOU/HUANGPU/SHENZHEN > FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU > also accepting LGL cargo SjN EUROPE/UK >
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      Page 48 Advertisements Column 1
      703 48 Handling System Co. Pte. Ltd. 136 138, Neil Road, #03-00, Singapore 0206 VT7 rT7 M CFS-20, Qui Road, Singapore 2262 Tel: 02-*****26 Handling System Co. Sdn. Bhd. N0.9 Lorong Cungah, ***** Port Klang, Selangor, Malaysia 24th Floor, UMBC Main Building, ***** Kuala Lumpur, Malaysia Handling System (HK) Co. Ltd. Wing
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      Page 48 Advertisements Column 2
      314 48 Contemn CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 19 APRIL (Accepting to *N Itow ZiilmJ ports) PEHANG B APR JAKARTA 17 APR PORT KLAH6 APR BANGKOK 17 APR NONCKONG 17 APR MANILA 17 APR MiLROURNE 21 APR SYDNEY 21 APR FREMANTLE 24 APR RRISRANE 2R APR 'ACCEPTING TO ALL SCAJKMNAYIA PORTS
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      Page 48 Advertisements Column 3
      630 48 This Week's Sailings FIRST FORWARDER IN To: ETD To: ETD asi a awarded Singapore Singapore ,so 9002 BY L *Q A EVERY EVERY Bangkok SUN Jakarta SUN fifo EVERY EVERY Manila SUN Ho Chi Minh FRI QJI j EVERY EVERY V^^vLhßH Colombo TUE Limassol THUR L""J| HTEKNATKMAL SEA FREIGHT FORWNUNG
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      Page 48 Advertisements Column 4
      127 48 Calling: FAR EAST, INDIA. AUSTRALIA, NEW ZEALAND, EUROPE, MIDDLE EAST, U.SJL GST II CMT Liner Express Agencies Pte Ltd Hot Line i 22-007-22 K6ULAK SMWOK/WETIIMI BBWCE VESSELS WT NO ETA ETD DESIMTCN "TIT 00" 2/94 11/4 11/4 WKTM PETROfIII fORT "SONS HMr 3/94 21/4 23/4 CMM) I MYTH 9 POM
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      Page 49 Advertisements Column 1
      1300 49 I CRYSTAL FREIGHT SERVICES PTE LTD TEL NO: *****88/*****88 a FAX: *****88 w MUMPgm i«i mum/uKtuuA tmtn BAMOifn* I*/A AUCKLAND 20/4 ANTWERP 18/4 qmcTkj i«/i ADELAIDE 26/4 FELIXSTOWE 20/4 unuTKnur 1 ft/4 BRISBANE 28/4 HAMBURG 17/4 YAVAJjta IQ/4 FREMANTLE 15/4 ROTTERDAM 17/4 QI iparaya 19/4 MELBOURNE 21/4 KEELS*3 15/4 SYDNEY
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      Page 49 Advertisements Column 2
      172 49 CEYLON SHIPPING CORPN ragg) National Line of Sri Lanka CONTAINERISED SERVICE TO UK AND NORTH CONTINENTAL PORTS mssa nTTmTcTrmTmri m mm uw WW Ml Ml4-I IVM 11/ M mm mm xin »/M woman wen win zt/tt u/ts mu»lucna «nw ii/w tvw urn u/w li/ts ALSO ftCQPTMC CJMO tO COCMN. CNCUm.
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      Page 49 Advertisements Column 3
      370 49 rCONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.32 posts VOY moot nownvto ouwsawi MMsra awwoai T wow iwwa I mmt waswr* rwowaasa WMBi MM- ESO7 WW »*■■> SMI IP SMItD HUB 12/— 11-H/S4 88-81/84 w. wsupxut* aw s»an> smi» «—w> 88-11/04 i»-it/04 xuso isaa/so ao/so mwowin aw »/m st/ss a>/so «s/s<
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      Page 50 Advertisements Column 1
      278 50 vtssa WCOIf LUZON 9416N 15/04 (Ftl) 23/1W (SAT) WBM LUZON I 9416 M lt/04 (MON) 23/Q4 (W) JJ?E22L WCO«P*aFIC I *****1 22/04 (FW) 20/04 (THE) FIDAY AND MONDAY rEBMOMBK I 9401N 25/04 <MOW) 30/04 (SAT) I ■0 I CEBU TV) 21/04 (THU) MUAM 22/04 (FW) NG/SINGAPORE SI KM 04 (FKI)
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      Page 50 Advertisements Column 2
      362 50 G Q AMY ON HOLIDAYS WHEN YOU SHIP WITH US W lIKI AKIII I K M onsol IDAIKn SI KVI( IS nt Ml) f)| j)ll 11 iu h ~>i js; i till mivih '"-''i' I. .'.mixv <\ wo c PT BAHARI HALUAN SAMUDERA Weekly COMMON FEEDER SERVICE «sa wt warm
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      Page 50 Advertisements Column 3
      20 50 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Businesslimes MM
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  • Page 50 Miscellaneous
    • Miscellaneous
      Page 50 Miscellaneous Column 1
      687 50 TOOAY*S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0000 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 ***** ft 2.9 2.9 2.6 2.0 1.4 0.9 05 0.4 0.5 0.1 1.4 2.1 2.5 2.6 2.5 2.1 1.6 1.1 OJ
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      Page 51 Advertisements Column 1
      836 51 ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 |pna« Ike* rco* I vessels wy aw ktii I aht* I lew I ham mt I m. I 13/04 15/ M 16/04 H. POEER JOIN 18/04 06/05 07/05 09/05 07/05 07/05 10/05 21/04 22/04 23/04 H. FRONTO 310N 25/04
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      Page 51 Advertisements Column 2
      471 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSKL MT V n MC U mars mm nt sum/4 11/1 TUBS Mm Nl 17/4 FM EAST NLBT 111 BP? IS/4 cbmsc tiabu i«s u/« ir/« MM 111 17/4 21/4 1/S MM 1/S KM UCM IM 11/4 PIMMS PRBTM
      471 words
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      Page 51 Advertisements Column 3
      866 51 JEDDAH/UK/CONTNENT ISTORE lO SUM HMRK RMM UN •Mm kxmtm Cm Fa: 1,/3U WJ n/ V* 11/5 s—awplw :tfd UK AniMbx. Mast w* D*fei THMES 1.22/115 21/4 7/5 11/5 12/5 Ratarlan •to M Ml—■ Mulnlw 0* HM 07/315 23/4 2/5 U/5 14/5 IC/5 11/5 I hiEfcSLNMb MBMMn WRUS 19/314 14/4 25/4
      866 words
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      Page 52 Advertisements Column 1
      146 52 I TECHNOLOGY I M.V. "GAY A SATU" VOY.I Aimed 6th April 1994 Consigned of all damaged cargoes a the captioned veuel ■e hereby notified that a general survey will be held on the 14th April 1994 0900-1200 houn at PT 9. No father survey will be entertained thereafter. A* Aganta:
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      Page 52 Advertisements Column 2
      5 52 |TECH^LOGY| Tomorrow in Business Times
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