The Business Times, 26 April 1994

Total Pages: 50
1 50 The Business Times
  • 13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday April 26 1994 75 c
    13 words
  • 2am LATEST
    • 62 1 Reuter NEW YORK Blue-chip stocks rose yesterday as the market took its direction from a surge in the shares of DuPont Co. At Ipm EDT, advancing issues led decliners 12-7 on New York Stock Exchange volume of more than 140 million shares. At 2pm EDT,
      Reuter  -  62 words
    • 69 1 Bloomberg Business News New York Bank America Corp and Bank of New York Co have sued one another in New York and Australia over the breakdown of talks on the sale of debt in a defunct textile company. Bank America is accusing Bank
      Bloomberg Business News  -  69 words
  • 158 1 Stfftfc Market Imlltw Monday Change ST1I 2,307.82 +42.23 KLSEComp 1,059.52 +20.65 Nikkei 19,709.14 -255.25 Hang Seng 9,136.11 -20.74 SET Index 1,277.87 -15.77 Jakarta Comp 454.23 -0.62 CLSA China B 980.39 +6.54 Aust All Ord closed FTSE 100 3,106.1 -27.6 Monday Previous 2pm dose Dow Jones 3,684.96 3,648.68 Average
    158 words
  • 718 1  -  From Leslie Lopez in KUALA LUMPUR SENIOR executives of Phileo Peregrine Securities, one of Malaysia's most aggressive stockbroking firms, are planning an aggressive expansion into the banking business by rescuing an ailing cooperative bank and acquiring the Sabah branch of Singapore's United Overseas Bank.
    718 words
  • 467 1 AP TOKYO Populist Tsutomu Hata was named Japan's 51st Prime Minister by Parliament yesterday afternoon but faced a grave blow almost immediately after his election when the largest party in Japan's governing coalition said earlier this morning
    AP  -  467 words
  • 315 1  -  By Paul Leo SINGAPORE The Singapore dollar ended at a record high of S$ 1.5565 against the US dollar yesterday, 15 basis points above its previous high of S$ 1.5580 achieved on April 19 and Oct 6 last year. Intra-day movement saw the local
    Source: Bloomberg  -  315 words
  • 322 1 SINGAPORE Oversea-Chi-nese Banking Corp has raised its prime rate from 5.25 to 5.5 per cent, efTective today. The rise the second this year by OCBC brings its prime rate into line with those of competitors Overseas Union Bank and United Overseas Bank. The odd man
    322 words
  • 482 1  -  By Lee Han Shih, Lilian Ang SINGAPORE At least one other company is said to be trying to outbid Wing Tai Holdings for control of listed Yeo Hiap Seng Ltd (YHS), whose share price closed at a near
    Source: Bloomberg  -  482 words
  • 283 1 SINGAPORE The region's stock markets closed mixed yesterday as investors concentrated on domestic concerns. In Singapore, corporate developments helped fuel a 42.23 rise to 2307.82 in the Straits Times Industrials Index. Buying interest was lifted by Wing Tai's bid for a controlling stake in Yeo Hiap
    283 words
  • 35 1 Bloomberg Business News WASHINGTON The New York and American stock exchanges and the Nasdaq Stock Market will dose tomorrow in honour of the late former US president Richard Nixon.
    Bloomberg Business News  -  35 words
  • Page 1 Advertisements
    • 139 1 No Time for Coffee? Try ■Hg Coffee-Fit mm 1 Rf«omi Mews 3.4,6 Financial 24,25 World News 8.10 >i Markets Analysis 17 CW>/N.S£. SES 28-30 Etfttariai 16 Regional 26 Sports 11 World 27 TV/litetyle 15 Currencies ..24 Regional Focus 7 Stmex/Commo .24,25 Id 1800-*****77 Fax *****75 BT Editorial Tel *****18 Fax
      139 words
    • 20 1 Property: Pg 12 New kid on the retail block Magnum Corp confirms calling off joint venture in Dalian, Pg 19
      20 words
    • 9 1 Hock Lock Siew: pg 19 Concerns of EML shareholder^
      9 words
    • 71 1 Ihe BQitom Line: Pg is Gfifd property buys in China KMrs^^v; r'\ liliM &>| »j V. Mg|;#;' Cart*et levveitery sow e*cfc©»ve*y <n the stores and Les Must <te Carter boufcques, l^f- Each txece »s accompanied by a certificate guarameertg its autheoticrty p." £>•#:.? CartiertoJK)jzs SINGAPORE Ngae Ann CRy, Tower B,
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    • 20 1 FRESH BREATH IN A FLASH REFRESHING. Full reports, Pgs 26-30 I eledata to offer 16m shares on Sesdaq, Pg 19
      20 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 287 2  -  By Paul Leo THE Asian dollar market continued growing in February. Latest official figures show that total assets of the market rose 10 per cent to U*****.3 billion (*****.5 billion) compared with a year ago. Crosby Securities in its first quarter economic review said
        Source: MAS  -  287 words
    • 430 2  -  By Joseph Rajendran UNITED States computer giants IBM and Unisys, both of which have ailing operations here, are setting up their regional headquarters in Singapore. New Jersey-based IBM's Microelectronics division will soon announce the setting up of headquarters here to sell its
      430 words
    • 419 2  -  By Lilian Ang JAPANESE retailer Seiyu plans to make Singapore one of two regional centres that will spearhead its plans to open a chain of stores across Asia within five to 10 years. Senior managing director Harumi Sakamoto told Singapore reporters in Tokyo
      419 words
    • 171 2 THE Association of Small and Medium Enterprises has widened its membership criteria to allow individuals to join. And it has introduced honorary membership that will be given to "distinguished individuals who have contributed significantly to the development and welfare of small and medium enterprises".
      171 words
    • 322 2  -  Reports by Ramesh Divyanathan A LAW Society report on small law firms was rejected by lawyers at a dialogue session with the Law Society on Saturday. Among the recommendations that came under attack was that requiring the Law Society to hold conveyancing
      322 words
    • 185 2 SOME law firms have offered non-profit sharing partnerships to junior lawyers as a way of getting around a Law Society definition of a small firm. Under a Law Society subcommittee report on small firms, it recommends that the latter be defined as any
      185 words
    • 306 2 THE Minister of State for Trade and Industry and for Labour. Goh Chee Wee. has led a delegation to Wuxi and Suzhou. China, to meet a 70-mem-ber business group from Germany. The German delegation has been invited by the
      306 words
    • 131 2 SOUTH AFRICANS working in or travelling through Singapore can cast their votes in the country's first democratic election today at the South African embassy here. The embassy at #15-01/06. Odeon Towers. 331 North Bridge Road will be open for 12 hours from
      131 words
  • Page 2 Advertisements

  • SOUTH-EAST ASIA
    • 325 3 AFP JAKARTA The Indonesian government has outlawed the Sejahtera independent trade union, blaming it for last week's anti-Chinese rioting in northern Sumatra. Home AtTairs Ministry secretary general Suryatna Subrata was quoted by the Angkaian Bersenjata daily yesterday as saying that his
      AFP  -  325 words
    • 227 3 Reuter SINGAPORE Malaysia, racing to keep up with growing demand for refined petroleum products, expects to start up its newest crude oil refinery later this week. "The start-up date is scheduled for the end of April. All units will start up
      Reuter  -  227 words
    • 59 3 Reuter HhI.LHRK PASS, Thailand Former Allied prisoners of war and their families lighting candles on a section of the "Death Railway" at a ceremon) at Hellfire Pass in Hanchanaburi to mark An/ac Day \eslerda>. About 500 people took part in the earl> morning ceremony to remember
      Reuter  -  59 words
    • 319 3 Reuter KUALA LUMPUR Pacific Rim countries will press the I nited Stales to stop linking trade to labour and social issues when Asia-Pacific Economic Cooperation (Apec) trade ministers meet in Indonesia in October. The trade ministers' meeting before the Apec
      Reuter  -  319 words
    • 320 3 AFP HANOI Vietnam yesterday used the upcoming anniversary of its liberation from French Indochina to again stake its claim to the disputed Spratly islands, which are also claimed by China and four other nations. In a page-one article, under a photo of
      AFP  -  320 words
    • ASIA NOTES
      • 73 3 AP JAKARTA Foreign Minister Ali Alatas said yesterday the possibility of Vietnam joining Asean will figure importantly in Vietnamese President Le Due Anh's discussions in Jakarta this week. Mr Anh is expected to arrive today for talks with Indonesian President Suharto and other
        AP  -  73 words
      • 73 3 AFP CANBERRA The government is opening up its Asl.s billion (SSI.6 billion) foreign aid programme to more companies to help boost Australian industry. Development Cooperation Minister Gordon Bilney said yesterday. Mr Bilney said that the Australian International Development Assistance Bureau would change purchasing and consultancy
        AFP  -  73 words
      • 100 3 AFP TOKYO Japan's trade with China. South Korea. North Korea and Russia via 14 prefectures on the Sea of Japan declined 2 per cent last year, the Japan External Trade Organisation (Jetro) said yesterday. Jetro said the region's exports to the four countries grew
        AFP  -  100 words
      • 73 3 AFP PENANG French telecommunication group Alcatel CIT yesterday opened its first Malaysian plant after securing a share of a controversial MS2 billion (SSl.l billion) government contract to supply digital public telephone lines. The MS3O million Penang plant was opened by Deputy Prime Minister Anwar
        AFP  -  73 words
      • 77 3 Reuter JAKARTA Indonesian President Suharto's son. Hutomo Mandala Putra (Tommy), hopes to buy back into PT Hamparan Rejeki. one of several firms at the heart of a multi-million dollar credit scandal, a local newspaper said yesterday. Hamparan Rejeki is a petrochemical subsidiary of the
        Reuter  -  77 words
      • 64 3 AFP COLOMBO Sri Lanka has asked India to lift import duties on Sri Lankan agricultural and manufactured goods in a bid to reduce the trade gap between the two South Asian neighbours, officials here said yesterday. New Delhi agreed to reduce import duty on
        AFP  -  64 words
      • 69 3 Reuter JAKARTA Indonesian President Suharto urged state oil company Pertamina to reduce the growth of domestic oil consumption through energy diversification and to cut fuel production costs. "I repeat my call to conserve the use of oil energy. We must make efTorts seriously
        Reuter  -  69 words
  • Page 3 Advertisements
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      79 words

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 75 4 AFP BEIJING China has set up a national economic data network to help coordinate policy-making and provide an alarm system for economic overheating. Xinhua said yesterday. Data banks have already been set up in all 30 provinces, autonomous regions and municipalities, the official news
        AFP  -  75 words
      • 85 4 AFP BEIJING Chinese workers' average annual income rose 19.4 per cent last year to 3.236 yuan (SSS7B). although the real increase was whittled down to 2.8 per cent by inflation, a Labour Ministry spokesman said yesterday. The country's total payroll hit a record
        AFP  -  85 words
      • 109 4 AFP TAIPEI China is increasing its market share in the US and Japan, and eating into trading rival Taiwan's stake, officials of the cabinet-level Mainland Affairs Council say. Taiwan's market shares in the US and Japan had fallen behind those of China over the
        AFP  -  109 words
      • 105 4 Reuter BEIJING State companies owed joint venture leasing firms in China a total of USS3OO million (SS46B million) by March 1993. International Business said. The newspaper said more than 50 lawsuits claiming money owed had been launched. The paper said that, over the past
        Reuter  -  105 words
    • 374 4 UPI BEIJING Millions of new Chinese taxpayers are putting up a stiff resistance to government plans to fill depleted coffers with individual income taxes. The China Daily said on Sunday. Tax collectors, already the bane of many companies' existence. took on
      UPI  -  374 words
    • 249 4 AFP HONGKONG Asia's first satellite television broadcaster Star TV yesterday said it had resolved a dispute over programming with Hongkong television station ATV. The Hongkong-based Satellite Television Asian Region Ltd (Star TV), which media magnate Rupert Murdoch's News Corp acquired a vear
      AFP  -  249 words
    • 213 4 Eastern Express HONGKONG China has put Taiwan's air links with the rest of the world in question by trying to limit transit routes through Hongkong. This emerged during SinoBritish talks on Hongkong's aviation agreements. Taiwan's post-1997 aviation links with Hongkong have been
      Eastern Express  -  213 words
    • 416 4  -  By Schutz Lee SINGAPORE The Bank of China (BOC) will issue Hongkong dollars in the colony from May 2. chairman Wang Qiren revealed yesterday, ending months of speculation in the Hongkong press as to the exact date of
      Photo by Chris Loh  -  416 words
  • Page 4 Advertisements
    • 759 4 TSB Group PLC (incorporated in Scotland) Consolidated Balance Sheet Consolidated Profit Loss Account asat3l October 1993 for the year coded 31 October 1993 1993 1992 1 993 1992 £m £m £m £m Assets Profit before taxation Cash and short-term funds 1.677 2,347 TSB Retail Banking and Insurance Items in course
      759 words
    • 380 4 r SINGAPORE DUfITT^ Q INSTITUTE OF KJVLLI MANAGEMENT Or**n»«rio«s UNIVERSITY r The Singapore Institute ot Management (SIM) in conjunction with the Royal Melbourne Institute of Technology (RMIT) invites applicants for the MBA in International Management. This regionally based programme is designed to assist managers in international business environment. The programme
      380 words

  • Page 5 Advertisements
    • 435 5 Welcome to the new B 1 I fl 1 I I I I F I ill I An exquisitely designed corporate building M' jl ii ilTl lilwß FiV that's sheer excitement. Located renowned Bugis stands the Bugis the ;3 >|, more than just an ideal location. beige granite walls tower
      435 words

  • REST OF ASIA
    • 502 6 AFP NEW DELHI India invited foreign capital and technology yesterday to tap its vast mineral reserves, from coal and iron to platinum and diamonds, as it flagged oIT a conference of major mining nations here. Delegates from 60 countries heard ministers and
      AFP  -  502 words
    • 453 6 Reuter SEOUL South Korea's political parties haggled over parliamentary approval of a new premier yesterday as President Kim Young Sam prepared another Cabinet shake-up. parliamentary officials said. Mr Kim named Lee Yung Dug on Friday to replace Lee Hoi
      Reuter  -  453 words
    • 48 6 Reuter TOKYO Outgoing Japanese Prime Minister Morihiro Hosokawa leaving the premier's official residence after receiving a farewell flower bouquet from his staff yesterday. Mr Hosokawa and his 20-member Cabinet formally resigned, paving the way for a parliamentary vote to select a new leader. Reuter
      Reuter  -  48 words
    • 297 6 AFP ISLAMABAD Pakistan's opposition MPs are to resign on masse to protest against "unconstitutional" changes in the North West Frontier Province (NWFP). Former premier Nawaz Sharif yesterday said the Members of Parliament handed their signed resignation letters to him "authorising me to submit them
      AFP  -  297 words
    • 237 6 Reuter TOKYO Japan's hood Agency rejected all this year's applicants for permission to engage in the rice and wheat importing business, an agency official said yesterday. "I'm sorry to say none of the applicants met our required standards." the official said. More
      Reuter  -  237 words
    • 184 6 BernamaKyodo TOKYO Japan Satellite Systems Inc (JSAT) is looking into the possibility of launching a new multi-channel digital satellite broadcasting service in Asia, including Japan, an official of the company said yesterday. The project under consideration calls for using some 50 channels
      Bernama- Kyodo  -  184 words
  • Page 6 Advertisements
    • 308 6 For more than a century and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      308 words
    • 134 6 Does damp clothes and moldy shoes give you that muggy uncomfortable 0/^^, YES. Warm wet air can cause mold and musty odors to seep into apparel, upholstery and books. It can also cause paint to peel, stairs to rot and wooden floors to swell. You can prevent such moisture damage
      134 words
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  • REGIONAL FOCUS
    • 1018 7 BEIJING China's property rights markets offer companies both foreign and domestic a straightforward way of buy ing up Chinese firms. Quite simply, instead of buying stock in a company, firms buy **propert> rights" which can bring pretty much the same control as taking a
      Source: Thunderbird Emerging Markets  -  1,018 words
    • 352 7 BEIJING The main reason for the existence of Chinas property rights markets is to offer a faster and more flexible way to privatise companies either entirely or in part than by floating them on the country's two stock exchanges. The number
      352 words
  • Page 7 Advertisements
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      224 words
    • 23 7 This article is reprinted from the April 18 issue of EBusiness China, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd
      23 words

  • THE WORLD
    • WORLD WATCH
      • 82 8 Reuter TOKYO The Bundesbank is likely to manage its policy more cautiously in the near future, Bundesbank deputy president Johann Wilhelm Gaddum said yesterday. "We will probably be more cautious than you would like, because we need a longer period of strong economic upswing
        Reuter  -  82 words
      • 64 8 Reuter GENEVA Gatt chief Peter Sutherland, who steered the longrunning Uruguay Round trade negotiations to a successful conclusion, announced yesterday he would not be a candidate to head the new World Trade Organisation. There was no immediate sign of who might be a candidate
        Reuter  -  64 words
      • 106 8 Reuter CAIRO The head of the UN agency for telecommunications said he expected the sector to keep growing faster and faster at least till the end of the century. By then, parts of the information and entertainment industries will have converged with telecommunications to
        Reuter  -  106 words
      • 76 8 Reuter JERUSALEM Israel's finance minister said on Sunday that Palestinians might have to begin self-rule in the Gaza Strip and Jericho with Israel still in control of their economy. Avraham Shohat told Israel Television said if an economic agreement is not reached before an autonomy accord
        Reuter  -  76 words
    • 415 8 Targets agreed with IMF at risk Reuter AP MOSCOW Russia announced plans for a sharply wider budget deficit yesterday, jeopardising targets agreed with the International Monetary Fund and risking fragile plans for economic reforms. But economists said it was too early to write otT
      Reuter; AP  -  415 words
    • 512 8 SINGAPORE Hongkong has been rated the cheapest place to buy luxury goods among 11 major cities, according to a survey by the Economist Intelligence Unit. Singapore was rated second cheapest overall in the survey, which was completed in October last year. But
      512 words
    • 70 8 AFP I ROGEN A mass of raised hands during the traditional Landsgemeinde voting in Trogen, Appenzell Ausserhoden, on Sunday to confirm the election of two women into the regional government of this Swiss canton. For the first time ever, since it was decided in the canton's
      AFP  -  70 words
    • 156 8 Reuter LONDON The Lloyd's of London insurance market has a gaping hole in its reserves and its old liabilities could be £19 billion (Ss44 billion) more than currently recognised. A report by consultant Randolph Fields, published yesterday, doubted whether Lloyd's could successfully hive-ofT old
      Reuter  -  156 words
    • 300 8 AFP, Bloomberg Business News FRANKFURT Deutsche Bank AG may have to write off "several hundred million marks" on its loans to the failed Schneider property group. Chief executive Hilmar Kopper yesterday said it was difficult to estimate the writeoffs exactly, until the
      AFP,; Bloomberg Business News  -  300 words
    • 531 10 Reuter WASHINGTON Even as they were congratulating themselves for a global economic revival. Group of Seven policymakers found themselves confronted with two old enemies: inflation fears and widening trade gaps. But they came up with little in the way of new
      Reuter; AFP  -  531 words
    • 399 10 Reuter WASHINGTON Japan promised its Group of Seven partners on Sunday it would fix its economy and cut its huge global trade surplus, but it's not clear whether the fragile coalition government can deliver the goods.
      Reuter  -  399 words
    • 324 10 Reuter LONDON Britain's economy gathered momentum during the first quarter of 1994. boosted both by higher production and a pick-up in domestic demand as consumers ignored April's impending tax rises, analysts said. Forecasts from six houses in London's financial district ranged between growth 01'
      Reuter  -  324 words
    • 404 10 AP WASHINGTON I lie World Bank yesterday reported substantial progress for main of the world's poor, with \sian countries making the largest strides and Africa falling behind. "Hundreds of millions of the world's poorest people have achieved substantial improvements in their living
      AP  -  404 words
  • Page 8 Advertisements
    • 227 8 Get a SAFRANI and We 'llgive you a DRIVER *f fwwmwsosfßßamam Cos were rmm s ,n 3 Joondalup Country Club Invitational membership** Ihe 'Best 'Executive Car and a golf start-up kit M' Aerodynamic styling 4 disc Bosch ABS brakes Driuer by CallsUiay 4 speed automatic transmission Dual temperature control n
      227 words

  • Page 9 Advertisements
    • 285 9 m a. v JHHHBHk H I BL hi HHH||HH|||H i" ■HIiHRH mmmum ir Message by Minister for Trade Industry President and CEO SGS-THOMSON Group SGS-THOMSON Microelectronics one the The 25th Anniversary of SGS-THOMSON earliest pioneers in Singapore's semiconductor Microelectronics in Singapore marks an important 4/m industry. Today, it enhance milestone
      285 words

  • Page 10 Advertisements
    • 161 10 underdevelopment. I'g 16 AdvertisM^^^m In the Singapore Career wkMSHg Guide Djpm The most extensive |||jgm handbook on careers in Singapore IMfc r 9HHHha. v Used by: w Job seekers Secondary school leavers Graduating students of ITEs and JCs Students of polys and universities Contains comprehensive information on: Career opportunities, job
      161 words

  • SPORTS
    • 659 11 r.oif AP GREENSBORO. North Carolina Mike Springer invited the field to eateh him if it could in the final round of the Greater Greensboro Open. It almost did. He held the lead from start to finish on Sunday, hut he didn't
      AP  -  659 words
    • 40 11 Reuter MIDDI.KTON M(K)R. Scotland Knylish heroine Jackie Kdwards being hoisted onto the shoulders of her teammates and supporters after hngland beat defending champions USA in the Women's Rut»b> World Championship in Kdinburgh on Sunda>. Keuter
      Reuter  -  40 words
    • 397 11 NFL Draft Reuter NEW YORK The Cincinnati Bengals, as expected, grabbed Ohio State defensive tackle Dan "Big Dadd>" Wilkinson with the No 1 pick in the 1994 National Football League draft on Sunday. The Bengals, picking first overall for the first
      Reuter  -  397 words
    • 682 11 Reuter LOS ANGELES David Kobinson clinched the league scoring title on the final day ot the regular season in spectacular fashion on Sunday when he became only the fourth player in National Basketball Association history to score more than 70 points in
      Reuter  -  682 words
    • SPORT SHORTS
      • Article, Illustration
        115 11 AP lIONC.kONC Chinese coach Ma Junrcn. who has trained a squad ol world-class women i miners. has raked in orders worth almost I SS2 million (SS.VI million) with a potion that he says will end physical fatigue instantly. a daily said yesterday. Buyers from 10 nations have pledged more
        AP  -  115 words
      • Article, Illustration
        179 11 AFP Reuter N \Sll\ 11.1.L. lennessee Retired basketball star Michael Jordan extended his minor-league baseball hilling streak to 11 games hereon Sunday, going l-for-4 tor Birmingham in a Southern League game. Jordan appeared at a charity event in Chicago early Sunday, then sent his soils to the final regu-lar-season
        AFP; Reuter  -  179 words
      • Article, Illustration
        63 11 \KW \<>Kk \B\ Sunday, final day of I Ik- IW.V«q regular season: Chicaco 7ft NA 92: Philadelphia 110 Detroit 102: Washington 117 Charlotte leveland 11" Boston 41: Houston 107 IX'iner 115: I l akers *>7 I tali 103: Portland lON Seattle 110: LA Clippers 97 San \ntonio 112: Sacramento
        63 words
      • Article, Illustration
        292 11 Reuter AP Reuter \\OBI UN. hncland Sweden's Catrin Nilsmark broke a seven-year jinx here on Sunday as she captured the Women's Classic title. Watched by a massive crowd of over 20.000. the 2ft-year-old turned on the style to birdie four of the last m\ holes for a four-stroke victory
        Reuter; AP  -  292 words
      • Article, Illustration
        41 11 AP MAN \<>Kk Mil. Ist rd playoffs Sundav hasU-rn (< mi (wince: M Islanders 2 Rangers 5 (Rangers win hcst-01-scven series 4-ot. W cslern: St Louis I Dallas 2 (Stars win 4-0); Vancouver 2 Calgarv 3 (Flames lead 3-11. \P
        AP  -  41 words
      • Article, Illustration
        87 11 AP II \MBI Rt». (.crnianv Steffi Ciraf savs she doubts tennis n\al Monica Soles, still recovering from being stabbed hv a cra/cd lan one vear ago. can return to the top ranks of the women's game. "I think a comeback in more and more unlikely." Ciral was quoted Sundav
        AP  -  87 words
      • Article, Illustration
        67 11 Reuter SOI lIIAMPIOV Knuland New Zealand vacht Yamaha took the fifth leg of the \Mi it bread round-the-world race from I ruguav in record-breaking stvle on Sundav. Yamaha stormed across the finish line in fort fauderdale. Florida, after 22 davs 5 hours 13 minutes 56 seconds to smash the
        Reuter  -  67 words
  • Page 11 Advertisements
    • 106 11 er is now available for lease. in tec City: *****88, Jones LangWootton: 220 SBBB or Knight Frank: 222 1333. ||H|| ID, state-of-the-art facilities and access to 3,200 covered parking lots. Its sophisticated design incorporates the latest in integrated building automation, befitting an address that promises to attract the most discerning
      106 words

  • PROPERTY & CONSTRUCTION
    • 1138 12  -  Despite doubts over its survival, the HK upmarket department store, which opens in two weeks, is boldly confident. Sylvia Wong reports Sylvia Wong HONGKONG'S upmarket department store. Lane Crawford, will open the doors of its Singapore store in about two weeks to a chorus of
      Photo by Arthur Lee  -  1,138 words
    • 318 12  -  By A J Leow LOCAL property firm Pavilion Property Negotiators has been appointed the lead marketing agent in South-east Asia for properties in India by the country's K Raheja group. Pavilion's managing director Rika Daswani said the firm will initially focus its
      318 words
    • 1160 13  -  Japanese retailer hopes to liven up Bugis Junction vicinity into a shopping belt to rival Orchard Road. Lilian Ang reports Lilian Ang IF UPMARKET Japanese retail property manager Parco has its way, the low-key Bugis Junction area will be transformed into
      1,160 words
  • Page 12 Advertisements
    • 165 12 (Either En-bloc or Separately) DONT MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY! Altogether 13 units of 2 and 3-storey Conservation shophouses undergoing restoration works for restaurant/shop/office usage. Parcel A 101-109 TELOKAYER ST 783.4 sqm Parcel B 111-115 TELOK AYER ST k7, 9, 11,15 BOON TAT ST 616.9 sqm ParcelC 17
      165 words
    • 171 12 Beijing |n Shanghai In Shenzhen For enquiries, please call: IS§| Shangri-La Beijing Hotel Equatorial Shanghai Shangri-La Hotel China National Publications PHH The StiuitsUmeS jjffl Yanshan Hotel Yangtze New World Hotel Forum Hotel Import k export Corporation Great Wall Sheraton Hotel Shanghai JC Mandarin Century Plaza LAsean considers extendi •Kunlun Hotel
      171 words

  • Page 13 Advertisements
    • 188 13 This announcement appears for the purpose of record only 26 April 1994 TELEDATA The Architect of Voice and Data Communications TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore on 5 May 1976) Invitation in respect of 16,000,000 New Shares of Sso.lo each comprising (i) 12,000,000 Offer Shares at $0.50
      188 words
    • 196 13 I i NOW THE EASIEST WAY TO RETRIEVE i INFORMAHON FROM THE SPH GROUP j OF NEWSPAPERS AND MAGAZINES... f sr.- 'i ,JI m ,-rfJi .J| «jrvN v \VI v [N m'^P a ji I i- m i INTRODUCING NEWSLINK I i4n electronic information service that enables you to access
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  • Page 14 Advertisements
    • 781 14 SB Nothing Beats A Bud. OF freshJ .PASTA DAI LY. W From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, x everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. mSd99^ Pasta Frssca Oa Satvatar* Pta Ltd 30 Boot Quay. SIOIO4I
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    • 454 14 Secretaries 9 Week At The Stables All week long we honour those wonder women without whom the wheels of commerce would grind to a halt Starting 25 to 29 Apnl at The Stables, there's special set lunches, complimentary cocktail, roses, fashion shows Plus lots of attractive door gifts like perfumes,
      454 words

  • LIFESTYLE
    • 526 15 Selli/idler's List repeats its Hollywood success in London Reuter American director Steven Spielberg repeated his Oscar triumph at Britain's annual film awards on Sunday night, picking up best film and best director prizes for his Holocaust epic Schindler's List. Sir Anthony Hopkins boosted
      Reuter; AFP  -  526 words
    • 791 15 AP TEXAN Ralph Kirshbaum has made industrial Manchester in northern England the place where the world's hest cellists want to be this spring. A distinguished cellist himself and a resident of Britain since 1971. Kirshbaum founded the International Cello Festival at the Royal Northern
      AP  -  791 words
    • 309 15 CHATTERBOX Reuter Reuter Reuter AP TWEED ROOSEVELT. greatgrandson of President Theodore Roosevelt, lias recreated his forebear's perilous trip down Brazil's 1,600 km Rio Roosevelt and is now making plans to trace his expedition from the Badlands of North Dakota to the Big Horn Mountains of Wvoming.
      Reuter; AP  -  309 words
  • Page 15 Advertisements
    • 49 15 U DOUBLE Happiness AT THE RIVER RVLACE Jjj Indulge in u Chefs Recommend,dion dish id it SPEC,I \l R \TK and enjoy .1 CO\WU\lK\T\m DKSSKItT in imr Ihni hie Happiness idler' CHINESE RESTAURANI 4*. ifi Sgri=±3 H /i US C IX2 llawlotk Rtxttf Sim/tt/wr OM6 lei: 71J99J2 tax: *****1-1
      49 words
  • Page 15 Miscellaneous
    • 1264 15 TV RADIO tiw to to 8.30pm, TV who Hloomington. who to <mm? directs Dennis pher. Dennis Quaid H The Queensland Strangler *£jflP the Chainsaw iM /K Queensland. f Wf the Daintree. aB Jg'.' meets the eoral reel". '1 f !■> f"i fjLl greed> and (possibly) corrupt s politicians and land
      1,264 words

  • 499 16 EDITORIAL A POWERFUL car-bomb exploded in downtown Johannesburg on Sunday just hours before South Africans started voting in the country's first free elections. The timing and intensity of the blast which killed several people and left a waist-deep crater between the national, and regional headquarters of
    499 words
  • WHAT THE OTHERS SAY
    • 263 16 IN A SENSE, China's economic problems are the wages of success. Opening up the economy has opened the country to the pitfalls of rapid development, especially after a prolonged period of artificial insulation from the rest of the world. However, it is worrying that some observers
      263 words
    • 160 16 HISTORY is in the making in South Africa. Tomorrow, voters from all races decide who should run the country. This first multiparty election will be a watershed in the birth of democracy in South Africa a country once described as the most extreme in
      160 words
    • 150 16 FORMER President Richard Nixon was the only one in the United States to resign his office. What made him do so was the US political arena and media which alleged that he had tried to cover up the so-called Watergate scandal. Now, with the passing
      150 words
    • 145 16 AFTER 14 years of negotiations, Malaysia and Thailand signed agreements to jointly explore resources in the Gulf of Thailand. What is remarkable is not that it took so long, but that any agreement was reached at all. All over the world, border disputes cause friction between nations
      145 words
    • 155 16 A WELL-DESIGNED and successfully administered property tax is usually an efficient way to tax the well-off. It is therefore encouraging to note that the government is now giving more attention to periodical revaluation of the market value of houses, notably those in the rapidly growing
      155 words
    • 150 16 IT HAD TO COME, a comprehensive, sweeping review of the labour laws of the country. Some of the major legislation which will come under the purview of this review will be the Industrial Relations Act, Employment Act and the Trade Unions Act. Human Resources Minister
      150 words
  • 1222 16  -  Leon Hadar finds World Bank and IMF practices questionable Leon Hadar The writer is BT's Washington Correspondent IT's springtime in Washington. It's also when the city finds itself short of limousines and the driveways of luxury hotels are gridlocked as finance ministers and private bankers, gathered here for
    1,222 words
  • Page 16 Advertisements
    • 135 16 CALLING ALL CORPORATE CHIEFSI MAKE THENIWPAPER BIG WALK y 94 YOUR COMPANY EVENT WIN OVER $150,000 WORTH OF PRIZES, INCLUDING AN OPEL CORSA SWING. {fli/ The New Paper Big Walk '94 is big. Big in A fun and excitement. Big in healthy lifestyle. And big in prizes. V Show your
      135 words
  • Page 16 Miscellaneous
    • 87 16 I KKXXJ TMC O4CSTO? eveM Tpsre buds IT'S \rtc£eDl6l£... HPvVC OGO4 BFp\lNUp£H£D ITS control OFme But I NCVER RewjseD THC: FUU_ ckient OP "twe TpK£ONCR IV£ JOST HAvD b Cup or r< =-P* FOVJNJO IT C ASSOCIATED W€WS>A>t«S LTD.. IW-It»4 P£.LIC>QUS.. 9173 DOONESBURY GARRY TRUDEAU OUTTSHAS TAKENH& FIRST, THFTDELIVER PI£A6UR£.,
      87 words

  • ANALYSIS
    • 1991 17  -  As South Africa goes to the polls today, David Callaway, Samantha Zee and Daniella Gluck find most investment fund managers gung-ho about the country. In the other story, John Simpson examines how English-speaking South Africans are facing up to imminent black rule
      Bloomberg Business News  -  1,991 words
    • 1285 17 The Spectator UWT ELL, it was good while it %/m/ lasted," said the yellowT bearded giant in a resigned way. and reached for his glass of Castle beer. He was the South African cameraman in our team, and had the build and general appearance
      The Spectator  -  1,285 words
  • Page 17 Advertisements
    • 389 17 «tf f*. V ?»%'w s it ft# *< *>1 > :>»*s* J Ik*** *f i (> M V >• M j -ijk; kv x- t fc i»ns »i >♦ *<>*f 4 i tM *5 VI -V .<•<» iff* 4 V M jef'^L *r V# r i Mj» i iv >
      389 words

  • 354 18 AFP PENANG Malaysia indicated yesterday that it was unlikely to approve Bank of China's bid to open a branch in Kuala Lumpur, preferring instead that it set up a representative office or buy into a local bank. "We
    AFP  -  354 words
  • 292 18 Bloomberg Business News BEIJING China's legal authorities have uncovered rampant stock market violations by brokers, bankers and even top regulators that threaten to spark unrest among small investors. the official China Securities paper has reported. A Supreme People's Procuratorate investigation found
    Bloomberg Business News  -  292 words
  • 503 18 Bloomberg, Reuter, AFP WASHINGTON Rising interest rates on long-term loans do not signal that inflation is about to accelerate, finance ministers and central bankers from the industrialised Group of Ten Nations said yesterday. "The increase of volatility and the rise of
    Bloomberg,; Reuter,; AFP  -  503 words
  • 622 18  -  The Bottom Line KHAW WEIKANG KHAW WEIKANG The writer is managing writer of Khaw and Sons, a Singapore-based China investment consultancy which is an investment promotion agent for several development zones. AFTER three years of robust growth. China's property market is now
    622 words
  • 308 18 Reuter ANTALYA, Turkey The Organisation for Economic Cooperation and Development sees growing tourism as a key weapon against unemployment. OECD experts said yesterday. Peter Keller, head of Switzerland's tourism department, told an OECD seminar in the southern Turkish resort of Antalya that
    Reuter  -  308 words
  • 69 18 Reuter TOKYO Tsutomu Hata acknowledging applause from fellow parliamentarians as he was named prime minister in the Lower House yesterday. Mr Hata, 58, a bus conductor turned politician, won a majority of votes cast in each of the two Parliamentary chambers to be
    Reuter  -  69 words
  • 439 18 AP, Reuter CAPE TOWN, South Africa With Zulu princes in animal skins looking on, the white-dominated Parliament met for the last time yesterday to amend the Constitution and allow a Zulu nationalist party to take part in the country's first all-race
    AP,; Reuter  -  439 words
  • 307 18  -  From Loh Hui Yin in BANGKOK PALANG Dharma Party founder Chamlong Srimuang now appears unlikely to join the Thai Cabinet after Prime Minister Chuan Leekpai turned down his terras. Mr Chamlong. who disclosed this after meeting Mr Chuan yesterday, was
    307 words
  • 295 18 Bloomberg Business News Reuter, AP WASHINGTON Sales of previously owned homes rose 5.7 per cent during March as real estate markets recovered from the harsh winter, the National Association of Realtors said yesterday. US financial markets showed little reaction to the
    Bloomberg Business News; Reuter,; AP  -  295 words
  • 241 18 Reuter BEIJING A massive explosion at China's space launching centre this month destroyed a USS7S million (SSI 17 million) satellite and dealt a blow to the country's launch programme, analysts said yesterday. A spokesman for China Aerospace Industry Corp. successor to
    Reuter  -  241 words
  • Page 18 Advertisements

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        44 19 Steady Marker Mood indicates the likely trading sentiment today, based on brokers polled at >-6nm yesterday Overnight events may alter sentiment Brokers polled Alliance. Dam a Fraser. GK (Joh. Kay Hian. Ongi o. Phillip. lat Lee. Smith Sess Court and HI Carr
        44 words
      • Article, Illustration
        142 19  -  -By Paul Leo Carnaudmetalbox is a worthwhile buy at $5.90 as technicals are pointing north. The five-day moving average line is about to cross the 15-day moving average line from below, signalling a turn in trend upwards. Weekly Moving Average Convergence-Divergence indicator is about to signal a buy.
        142 words
    • 363 19 MBT KUALA LUMPUR Magnum Corporation finally confirmed yesterday that it had called off a deal to operate "electronic and electrical entertainment machines" in Dalian, China, a project embroiled in controversy soon after the agreement was signed nine months ago. Its director. Pee
      MBT  -  363 words
    • 401 19  -  By Ven Sreenivasan SINGAPORE Main boardHsted Van der Horst's (VDH) mid-term net earnings have rocketed to 520.1 million, an incredible increase of 13.4 times over the $1.5 million it posted during the same period last year. The engineering firm's turnover for the half-year ended
      401 words
    • 350 19  -  By AJ Leow SINGAPORE Listed property developer City Developments (CDL) stands to rake in at least $150 million in pre-tax profits from its latest condominium project at Hillview Avenue. Hillview Heights is selling at an average price of between $580 and $600
      350 words
    • 740 19  -  HOCK LOCK SIEW By Ven Sreenivasan SINGAPORE Investors in video-cas-sette maker Electro Magnetics Ltd must be wondering when, if ever, they are going to see some light at the end of the tunnel. Despite repeated assurances last year of a turnaround, the Sesdaq-listed company ended
      740 words
    • 408 19 SINGAPORE Communications systems supplier Teledata (Singapore) yesterday became the 10th company to launch an initial public offering here this year. The Sesdaq float of 16 million shares comprises a public tranche of 12 million shares at 50 cents each and a placement
      408 words
    • 243 19 SINGAPORE Times Publishing Ltd posted an 80.8 per cent rise in net earnings to 514.5 million on revenues of 5235.1 million, up 14 per cent from last year, for the year ended Feb 28. The company said sales in the
      243 words
    • COMPANIES
      • 282 20  -  From Ho Kay Tat STATE-controlled Hicom Holdings Bhd has teamed up with construction company Gamuda Bhd by buying a 50 per cent stake in a dormant company, currently 70 per cent-owned by Gamuda. that is buying a big
        282 words
      • 299 20  -  By Bernard Chew SINGAPORE Computer sound card maker Creative technology will spend ISS2I million (SS32 million) in the j next five years 011 a HMUMM) ft manufacturing and cusI tomer support facility in Dublin. Ireland. \nnouncing the move yesj terday. company president
        299 words
      • 335 20  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIAN construction group Lkran Bhd has denied a newspaper report that it was teaming up with Japan's Mitsui and Co to develop a tourist resort on Samal Island in the Philippines. In a short
        335 words
      • 120 20 KUALA LUMPUR The Kuok group of Malaysia has announced a AS 120 million (SSI33 million) residential redevelopment at the former site of Sydney's famous Paddy's Market. The Star newspaper reported. Kuok group, which paid AS22 million to take o\er the uncompleted project
        120 words
      • COMPANY BRIEFS
        • 99 20 SINGAPORE lnno-Pacific Holdings Ltd said yesterday it received SI 1.8 million cash from the exercise of nearly 16.9 million transferable subscription rights (TSRs) which were issued with some rights issue and loan stocks in 1989. Inno-Pac said the money will be used as working capital for
          99 words
        • 94 20 SINGAPORE The Wuxi-Singapore Industrial Park in China has signed on a fourth tenant. Sumitomo Eleetrie Industries (SEI). SEI intends to build a plant on a 10-hectare site to make magnet wires and eomponents used in devices such as electric motors and solenoid coils. The Wuxi-Singapore
          94 words
        • 75 20 SINGAPORE Enctech Technology has sold its entire interest in Seccom (Thailand) Corp to Virat Lawhaniwatwon. an existing Scccom shareholder. DBS Land said last night. DBS Land is a 70 per cent shareholder of Enctech. and said the divestment is part of Enctech"s restructuring programme.
          75 words
        • 63 20 Bernama KUALA LUMPUR Southern Steel Bhd has reported a 103.4 per cent increase in consolidated group profit after accounting for profit from associated companies for the year ended Dec 31. 1993. to M 546.46 million (5526.94 million). The company said yesterday that group turno\er rose 43.4
          Bernama  -  63 words
      • 504 20 UNIT TRUSTS FUNDS Manacers' prices \pr iSUbaJ Km I (W Singapore Unit Trust Invest Mgt Ltd I Iw ..miiK i ic I" IS* I nd 1 ,\*l 11k Sax**. Fund I <0 10 Spore fix* Fund 11-4 O'x J nilcd (»r Fund M I > S>»rc Vc I ..IHI HI-
        504 words
      • 383 21 AFP MANILA Stock-holders yesterday chose ethnic Chinese tycoon John Gokongwei as company chairman in a compromise to bring an end to disputes over control of Oriental Petroleum and Minerals Corp (OPMC), the Philippines' largest local oil explorer. Stockbroker Robert Coyiuto, who controls
        AFP  -  383 words
      • 392 21 Bloomberg Business News BANGKOK Phoenix Pulp and Paper pic will hold an extraordinary meeting of its board of directors today to discuss the hostile takeover bid by the G Premjee group. Company spokeswoman Duangkaew Warradilok yesterday said: "That's all I can tell you now."
        Bloomberg Business News  -  392 words
      • 149 21 AFP JAKARTA IndonesianTaiwanese paper and pulp joint venture PT Indah Kiat Pulp and Paper Co suffered a 26 per cent drop in net profit last year, the firm said here yesterday. In an audited financial statement published in newspapers, the
        AFP  -  149 words
      • 159 21 AFP JAKARTA State tin producer PT Tambang Timah will go public later this year with a share offer worth about 100 billion rupiah (Ss72 million). Company spokesman Anhar Ramli yesterday said the funds to be generated from the share sale, expected
        AFP  -  159 words
      • 375 21 Reuter JAKARTA Indonesia's Salim group, controlled by ethnic Chinese tycoon Liem Sioe Liong. is the nation's biggest conglomerate, according to a leading business magazine survey published yesterday. The weekly H aria Ekonomi magazine, in a list of Indonesia's top 200
        Reuter  -  375 words
      • COMPANY BRIEFS
        • 67 22 Bloomberg Business News FRANKFURT German car and truck maker Mercedes-Benz reported a loss of 1.198 billion deutschemarks (SSl.l billion) last year. the largest in its history. against a profit of X 49 million marks in 1992. Die lIW/ newspaper said yesterday. Ihe report came
          Bloomberg Business News  -  67 words
        • 91 22 Reuter LONDON International news and information group Reuters Holdings pic said its revenue during the first quarter of 1994 was 15 per cent higher at £513 million compared with the first quarter of 1993. "We said when we announced our 1993 results we felt we could
          Reuter  -  91 words
        • 73 22 Reuter TOKYO NEC Corp's sales of personal computers in Japan increased 25 per cent from a year earlier to 740.(XX) units in the second half of the business year ended March 31. associate senior vice-president Yoshi Takayama told a news conference yesterday "The
          Reuter  -  73 words
        • 62 22 Bloomberg Business News Taipei Asia Chemical Corp. a manufacturer of rubber tape, has applied to the Securities and Exchange Commission to raise 60 million Swiss francs overseas through the sale of convertible bonds, the commission said yesterday. Convertible bonds are sold with a provision that
          Bloomberg Business News  -  62 words
      • 645 22 Reuter COLOMBO Ken Balendra. ex-boxer and rugby player, is a boardroom rebel. Unlike older colleagues, he is not afraid to defy set norms in private management. "Guts! That's what the private sector needs today. Guts!" says Mr Balendra. whose John Keells
        Reuter  -  645 words
      • 468 22  -  By Teh Hooi Ling SINGAPORE Hongkongbased Wharf Holdings' ambitious infrastructure projects in Wuhan are being held up as approvals have not been obtained from the Chinese central government. Wharfs incoming chairman. Gonzaga Li. said the reason was that the
        468 words
      • 435 22 FT LONDON Massev Ferguson. one of the most famous names in the world traetor industry. is elose to being sold by Varitv. its L'S parent, for USS33O million (SSSII million). The buyer, in a deal that could be announced in
        FT  -  435 words
      • 182 22 Reuter HONGKONG Hongkong's Securities and Futures Commission (SFC) has proposed an amendment to the Code on Takeovers and Mergers to provide alternate candidates to chair hearings of the Takeovers Appeal Committee. The SFC said in a statement yesterday that at present the
        Reuter  -  182 words
    • FINANCE & COMMODITIES
      • 375 24 KUALA LUMPUR United Malayan Banking Corp Bhd (UMBO is soaring to greater heights under its new owner and management, ihc Star newspaper reported yesterday. Analysts are predieting that pre-tax group profit of UMBC, one of the country's top five commercial banks, will hit
        375 words
      • 290 24 FT LONDON Hokkaido Takushoku Bank, one of Japan's 11 commercial banks, is to cut its dividend for the first time in 33 years following heavy loan write-offs which threaten to push pre-tax profits sharply lower. The bank, based in the northern
        FT  -  290 words
      • SMALL CHANGE
        • 122 24 Bloomberg Business News BANGKOK Most Thai commercial banks will raise lending rates by 0.25 to 0.5 percentage point this week because of recent increases in countries where Thai banks get some of their funds, bank executives here say. "This time we are
          Bloomberg Business News  -  122 words
        • 103 24 AFP TAIPEI The governor of Taiwan's Central Bank of China. Samuel Shieh. will step down in late May after five years in the post, the Commercial Times said yesterday. The 74-year-old doctor of agronomy will not seek a second term, the Chinese language
          AFP  -  103 words
        • 64 24 AFP JAKARTA A four-country banking joint venture. Bank Finconesia. recorded an audited net profit of 3.62 billion rupiah (552.5 million) in the year to December, the bank's official said yesterday. Finconesia spokesman Sri Hartono said the bank's 1993 profit was up on the 1.98 billion
          AFP  -  64 words
      • 182 24 Reuter MANILA The Philippine Central Bank has approved two measures aimed at improving savings and inereasing interest paid on bank deposits. Central Bank governor Gabriel Singson said yesterday the monetary board had abolished a ban on banks paying interest on demand accounts and
        Reuter  -  182 words
      • 136 24 THE US$ opened lower across the board yesterday as the weekend G7 meeting passed uneventfully with no surprises. 1994 growth rates for the US and Germany were revised upwards slightly. There were calls for lower rates in Germany, France and perhaps Japan, whilst higher rates
        136 words
      • 184 24 Bloomberg Business News LONDON The dollar fell to a three-week low against the deutschemark here yesterday as growing optimism about the German economic recovery and comments from Bundesbank officials dampened the prospects for speedier interest rate cuts. The dollar was also weakened by the failure of finance ministers from
        Bloomberg Business News  -  184 words
      • 161 24 Bloomberg ENERGY REPORT LONDON Oil prices reversed Friday's gains yesterday as traders anticipated selling by large investment funds, brokers said. Crude oil futures also look expensive given current supply and demand, the brokers said. Brent crude oil for June settlement on
        161 words
      • 94 24 AFP NEW YORK The dollar was down against most major currencies except the yen yesterday, in the wake of disapGintment on the Asian and ndon markets at the failure to reach a concrete accord at a G-7 summit in Washington. Around 9:30 am (1330 GMT), the dollar was
        AFP  -  94 words
      • Article, Illustration
        1763 24 lieklemigiihil iiklry lukuluu,/ afaiii\i S/»»«•'» /«f> H truth ng parlnen Auw inn /M' US$/S$ forward rates Noon Apr 25 s$ Bid Offer 1-monlh I 5V>«» I 55(4 2-month 1 5574 I 55»9 3-month I 5577 1.5592 6-month 1 5581 I 5603 Source: OCBC FOREIGN CURRENCY NOTE RATES As at tan
        1,763 words
    • COMMODITIES & FUTURES
      • 1419 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended below morning highs reflecting the slight recovery in the US dollar against the Japanese currency during the day. "Euroyen basically came off because of the spot dollar-yen rate," said one trader at a US investment bank. The
        Reuter  -  1,419 words
      • 586 25 COMMODITY REPORTS Tin UN closed nine sen lower at MS 14.19 a kg yesterday, mainly due to a lower London market last week and an initial high offer. Traders said the market noted an opening offer of 77 tonnes against bids of 53.
        586 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 104 25 LONDON Russia produced 190.000 tonnes of nickel in 1993, according to Russian government statistics released for the first time. Russian nickel output in 1993 dropped to 78 per cent of 1992 levels, according to the data unveiled at a meeting test week of The Hague-based
          104 words
        • 90 25 TOKYO Palladium prices surged on both the spot market and in futures trading on the Tokyo Commodity Exchange for Industry on Japanese buying ahead of three-day elections in South Africa starting today, according to traders. South Africa is a major producer of the white metal. "It's all
          90 words
        • 96 25 TOKYO Spot premiums for aluminium delivered to Japan are now fetching around USSBO-85 a tonne over the London Metals Exchange price, compared with IJSS7O-75 one month ago. according to traders. Premiums are fees paid bv importers to cover shipping and related costs. Three-month LME aluminium settled
          96 words
        • 81 25 TOKYO I rading ol copper futures will likely continue in China despite a recent government decision to stop futures trading of other commodities. according to traders. China announced last week that trading of steel, sugar and coal futures will cease once currently open contracts
          81 words
    • 1592 25 icuDoer Singapore Commodity Exchange (futures dMtag as at lpn) WSS 1 Cwttad (S cents/kg Close Volume Opci Month High Low Sett (tonnes) Interes May 94 148 75 I U* Jun 149 50 149 50 149.75 900 5 401 Jul 150.25 1*901 u 8 150.75 |.70( SfP 151.25 1.701
      1,592 words
    • REGIONAL STOCK MARKETS
      • 1039 26 Australia -7? 2 "J, liK«Hin > O uiKh Ml i»l VIjmw \klli,N% KlUO 7.0 5*01 22 v «ik» ,o XXI( I iK M5II IOO NMlKilw.il., to HiKh J»l Xlx-itink* 44*0 *0 liaai Mcmut x.kia..k M>..ii.si„p :io 2ii ***> vhj»vRnA 4**0 no 2 Jo nk-ui *mio »"-i> ***t \n1>K%k.l NO :o
        1,039 words
      • 659 26 50.24 Share prices closed higher yesterda> as bullish sentiment, perked up b\ San Miguel Corp and Manila Electric Co (Meralco> issues, curbed expectations of sideways trade, brokers said. "Initially the market was uncertain. but when investors saw that prices did not go down, buyers came in." said Juanis Barredo
        659 words
      • 705 26 +81.22 Taiwan share prices closed 1.39 per cent higher in heavy trade led by steels, papers and plastics. but brokers said the upside potential, although big. will be challenged by heavy profit-tak-ing in the near term. The index ended up 81.22 points at 5.918.55. close to its intra-day high
        705 words
      • 459 26 -0.03 Profit-taking in blue chips wiped out early gains, with the composite stock index ending 0.03 point lower at 892.70 after rising eight points. The index saw a day high of 901.42. Losers outnumbered gainers by 455 to 264. "The market opened strong led by blue chips. But when
        459 words
      • 136 26 +6.53 Indian stocks closed mixed as investors awaited the results of a USSI billion issue of global depository receipts (GDRs) by the overseas telecommunications monopoly. Government-owned Videsh Sanchar Nigam Ltd is selling GDRs in the United States. They will be priced next week. If the issue fails to raise
        136 words
    • WORLD STOCK MARKETS
      • 734 26 Britannia Funds Sterling a%h Bid Offirr Mini < .ip rXiUKil <» ft**! >* fMII Mini k-rvi-x (ilk (I IX'll U I'W} Mini Nti\ lihtmw •(>->«» ****** I SS ash I.K.H1K- HuOuiKl -t-IMD) IOSIIW S Rrx-nc Fund > < :«ll Sirrling Kquil) ElMO IVllOnlUMC 0 4WI owl* f .11 F.w FuikI
        734 words
      • 606 26 -27.6 STOCKS fell yesterday as buoyant economic growth ruled out rate cuts, while bonds declined. Some say the UK may raise rates later this year to cap inflation if economic growth remains strong. Evidence of growth came yesterday in a rise in gross domestic product and a widening in
        606 words
      • 133 26 -18.88 French stocks followed bonds lower amid heightened concerns about the pace of interest rate cuts and the threat of German inflation. German money supply figures for March, an indicator the German Bundesbank uses to indicate inflation, will come out later this week and could delay the Bank of
        133 words
      • 84 26 -0.17 Swedish shares closed little changed as a strong firstquarter earnings report from Svenska Handclsbanken helped offset an early increase in market interest rates, traders said. The OMX Index of 30 leading stocks closed 0.17 point lower at 1.117.23. Sixteen of the stocks declined. five were unchanged and nine
        84 words
      • 181 26 -11.7 Cicrnian stocks fell in the official session, hurt by a drop in the bond market amid concern further interest rate cuts could be stalled if money supply continues to swell. The DAX index of 30 leading shares dropped 11.70 points or 0.53 per cent to 2.202.22 points. Traders
        181 words
      • 253 26 -4.15 Shares fell as investors anticipated interest rates will rise further, making stocks less attractive. The Amsterdam EOE Index of the 25 most traded shares was also weighed down by stocks trading exdividend. such as Elsevier NV. The index closed 4.15 points lower at 414.96. Elsevier, with banking and
        253 words
      • 149 26 -4.27 Belgian stock prices slipped amid uncertainty about how fast interest rates will fall, analysts said. The Bcl-20 index of leading stocks fell 4.27 points to close at 1.491.45. Volume was thin with 218.000 shares changing hands as institutional investors held back, analysts said. "Belgian stocks arc still in
        149 words
      • 272 26 -24.4 Swiss blue-chips closed lower on interest rate fears, despite a late rebound after Wall Street opened stronger. At the European close, the Swiss Market Index, or SMI. which tracks 22 Swiss blue-chip stocks, closed down 24.40 points at 2.763.50. Nineteen stocks fell while three rose. Investors are worried
        272 words
      • 289 26 +43 Shares attracted steady late interest to post firm gains yesterday. Traders said foreign and local buyers had bought into the market ahead of elections. expecting a strong run once a new government was installed. .The overall index was up 28 points to 5.068, industrial index 43 higher at
        289 words
      • 237 26 +20.73 Stocks opened higher yesterday, but traders predict a quiet week ahead of Richard Nixon's funeral tomorrow. The TSE composite 300 index was up 20.73 points to 4,187.89 in volume of 5.30 million valued at C 566.46 million. Advances outpaced declines 178 to 110 with 189 issues unchanged. Just
        237 words
      • 730 26 +25.58 Blue-chip stocks rose yesterday as the market took its direction from a surge in the shares of DuPont Co and gains in other cyclical stocks. The Dow Jones Industrial Average was up 25.58 points at 3.673.26 at I pm EDT. In the broader market advancing issues led
        730 words
    • Article, Illustration
      3130 27 Bloomberg Business News HONGKONG International hanking group HSBC Holdings led a broad decline in Mocks amid concern over rising interest rates yesterday. "Investors are very cautious because ihey realise that interest rates will definitely rise." said Willie Chan, dealing director at Crosby Securities (Hongkong). HSBC. which has the heaviest
      Bloomberg Business News  -  3,130 words
    • Article, Illustration
      564 27 THE Shanghai A market weakened yesterday with the CLSA A index falling 38.12 points to 3.089.76. The CLSA Shanghai B index, however, edged up 7.98 points to 712.60. Jin Jiang Tower was up 9 per eent on modest volume, but Outer Gaoqiao moved up 5 per cent on turnover
      564 words
    • Article, Illustration
      2499 27 Bloomberg Business News TOKYO Stocks declined as a stronger yen threatened to erode profits for Japan's major high tech and auto shares, traders said. "The 102 (yen to the dollar) level is psychologically not a !ood one for exporters." said higeru Akiba. branch manager of ÜBS Securities. "Once the
      Bloomberg Business News; Source: Bridge Info  -  2,499 words
    • Article, Illustration
      1726 27 Bloomberg Business News BANGKOK Thai share prices fell 1.22 per cent as finance and property stocks declined on expectations that lending rates will soon rise, hitting corporate profits, analysts said. Political uncertainty contributed to the price decline, as a widely discussed Cabinet reshuffle is in limbo because of disagreements
      Bloomberg Business News  -  1,726 words
    • Article, Illustration
      1180 27 Bloomberg Business News JAKARTA Stocks edged down lo a new low for the year as investors eyed with caution rising global interest rates and labour strife in Sumatra, traders said. The benchmark Jakarta Stock Exchange Composite Index closed at a low for the year of 454.23. little changed from
      Bloomberg Business News; Source: Bridge Info  -  1,180 words
    • 2992 28 HOT ACTM votom Mulpha I ml 50c 8.110 000 ldr» H\d 50c 6.236.000 Bcrjava I ml 4.414.000 Promct 4.622 000 Kamunling 50c .1.W.OOO Mull i-Pui pose 1.482 000 FACB 50c 3.342.000 Amah HWgs 50c 2 571.000 Mclroplcx 50c 2 044 000 Innovcrf BhJ 2.036.000 Kcmavan 50c 2 018
      2,992 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6239 28 Bloomberg Business News KUALA LUMPUR The benchmark stock index rose nearly 2 per cent as foreign investors, fleeing higher US interest rates, returned to the market to bid up blue-chip Malaysian stocks that had been in decline, analysts said. Analysts said foreign
        Bloomberg Business News; Source: Bridge Info  -  6,239 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7652 29 MAIN BOARD transaction date: Apr 25 Gr Gr Last \ol Day Last QmK Di> Di> Id Net < up High low Cum pant Sale (000) High l.o» BuNcr Seller S C«r S P/fc Smil g INDUSTRIAL AND COMMERCIAL 1350 206 t s Vina 975 cd unch 59 990 975 970
        7,652 words
      • 1983 30  -  By Paul Leo SINGAPORE The local stock market picked up yesterday where it left ofT on Friday on a strong note. The Straits Times Industrials Index rose 25.34 points to 2,293.01 in the first hour of trading, maintained its strength throughout the morning, then climbed
        Charts by Bridge Info; Source: Bloomberg  -  1,983 words
  • Page 19 Advertisements
    • 13 19 New Wharf chief says China projects held up by red tape, Page 22
      13 words
    • 429 19 NEWS VALUE How today's news might affect your stocks UOB to sell its Kola Kinabahi brancli (pg 1) Positive. UOB is expected to turn a tidy profit on the sale. Wing Tai may tact nan than ana rival hi bM for YHS (Pg I) Competitive bidding will fuel trading in
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  • Page 20 Advertisements
    • 264 20 II Financial controllers will be pacified by Audi's no-cost maintenance plan. Financial controllers, on the whole, are Unless, of course, the company owns a parts. On the paintwork. And against body not a cheerful lot. fleet of Audis. rust-through. There's even a free 24-hour Could the car maintenance bills have
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    • 6 20 Dividends tabic has been held oter
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  • Page 21 Advertisements
    • 262 21 TRAINING FOR EXPORT COMPETITIVENESS The Export Institute of Singapore (EIS), a division of the Singapore Trade Development Board (STDB), is the-premier training institute specialising in export marketing and international business management. It aims to prepare businessmen for regionalisation challenges by equipping them with the relevant practical skills and knowledge. EIS
      262 words
    • 312 21 AMP VMM-K AWMf WITH iT¥i 11» tmd jhubm iammmii BMVBC OVKR vvWinVl rIUABV* OUSQOKY Mot's Mot's Mot Worm's Whim's Worm Qbot Junior VMns Opn Junior Vslorans fsboge (20yn& |40>n4 t*>age f2oyo& Psy»4 M k-M oboN) M bdb-1 otxMi T«mb*y BBSS*— rn rr~i ir i 141 i»i i> i 1 1
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  • Page 22 Advertisements
    • 542 22 Give yourself the PRIME advantage today. APPLY FOR THE ALL-IN-ONE PRIME ACCOUNT FROM HONGKONGBANK Secondary All applicants must be above the age of 21 and have Present Employer Address: Tertiary Pot Graduate information given herein is true and complete. I/We an annual income of not less than $30,000. There Residential
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  • Page 23 Advertisements
    • 237 23 99 I have the prime advantage. Seemingly unlimited reserves of cash worldwide. And, should she need additional Who is she What is her prime advantage funds, she can use her pre-approved overdraft, *m up to a maximum of $30,000*. It comes from Hongkongßank PRIME Account: the all-in-one global banking That's
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  • Page 24 Advertisements
    • 219 24 I LEARN HOW TO I INCREASE YOUR INCOME 0 Come and Hear Gerry Robert... FREE! Together with Bob Proctor, they have created the most powerful, result-orientated and lasting programme of their life. It is called D.IJL A programme about "Wealth Creation." It is exciting and IT WORKS! Gerry Robert is
      219 words

  • Page 25 Advertisements
    • 202 25 /HOW TO STAY TRIM 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 Business Centre Pte Ltd,
      202 words
    • 49 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. JUST CALL 737-1166 Make the coonectioo through The Straits Times Classified when you're jJK. looking lor bargains or looking lor f customers. I Just give us CJLTA. c 737-11*61
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  • Page 26 Advertisements
    • 81 26 Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result offifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers a brass barrel drawn
      81 words


  • Page 28 Advertisements
    • 102 28 dD ALAIN DELON timeless perfection p/\R!S tvsLjiSr 4\ s£j|o^ DIVER '||fp V 7 f r ,wi'.'. Di.Klr srr.itr li Turnable r < M-.t .mt -..ippnir f f r y.r.u luminous hands and A.D TIME GROUP All '.t.tmu '.tfrl r.v.f hour markers |K*#ffd«i(!e OiiV<baiwi w.tr. r i. '.r.t.ini lonm. t. f
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    • 5 28 ANALYSIS Tomorrow in Business Times
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  • Page 29 Advertisements
    • 33 29 brandies and AT#? i«si YOU'VE GOT THE WHOLE WOULD >. in your hands worldwide. l^ p 4-! AD-UB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. ■f Business Times
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  • Page 30 Advertisements
    • 40 30 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ClassiFME^ ■MWIiWffWWWHTByEgWffI An SPH Aud I o T•* Sarvlca
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    • 148 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 NOTICE NOTICE IS HEREBY GIVEN that, I FOO SAI KENG of 42 Meragi Road, Singapore 1648, have applied for a FIRST CLASS PUBLIC HOUSE Licence in respect of premises at M/s CAFE ARCADIA CATERING SERVICES PTE. LTD. at 304 ORCHARD ROAD #01-42/47 LUCKY PLAZA Singapore
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    • 434 30 NOTICE NOTICE IS HEREBY GIVEN that, I Mdm. Chng Nah Nah of Blk. 611 Clementi West St. 1 *03-260, Singapore 0512, have applied for a Retail Beer Shop Licence in respect of premises at M/s Grace Henry Trading at Blk. 85A Toa Payoh Lor. 4 #01-312 Singapore 1231, and that
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    • 329 30 NOTICE IS HEREBY GIVEN that, I Sin Boon Hee of 43, Moonbeam Terrace Singapore 1027 have applied for a Retail Beer Shop Licence in respect of prcrrn ses at M/S Yummie Yummie Stores at Blk 10S, #01 -Kl, Braddell IliU Singapore 2057, and that this application will be heard in
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  • Shipping Times
    • 415 31 MBT KUALA LUMPUR Malaysian International Shipping Corp Bhd (MISC) will concentrate on several core moves to enhance its performance in view of the better global economy and trade prospects this year. After sailing through a generally depressed year in 1993, MISC will consolidate
      MBT  -  415 words
    • 214 31 Bernama KUALA LUMPUR Malaysian International Shipping Corporation Bhd (MISC) is expected to continue a commendable profit growth of 8 per cent to 10 per cent in the next few years. BBMB Securities Sdn Bhd, a stockbroking firm, said last week for 1994 and 1995,
      Bernama  -  214 words
    • 105 31 SINGAPORE A seminar on managing transport disasters will be held on May 26 and 27. Organised by the Chartered Institute of Transport, Singapore, it will look at how "one company succeeds in managing a disaster while another botches its crisis response". Topics will include airport
      105 words
    • 184 31 Reuter AMSTERDAM Shipping and transport group Koninklijke Nedlloyd Groep NV forecast a 6 per cent rise in its container traffic volume in 1994. "In the ocean shipping sector, we expect clearly improved results. In line with market developments, we are anticipating a 6 per
      Reuter  -  184 words
    • 146 31 Knight-Ridder NEW DELHI India is building a new port on the outskirts of southern Madras city that will handle 16.12 million tonnes of coal annually, according to a government report. The 1993-94 (April-March) report from the Surface Transport Ministry said the port is
      Knight-Ridder  -  146 words
    • 187 31 Reuter LONDON Severe congestion in Brazilian ports and on the US west coast has led to a shortage of dry bulk carriers in the Atlantic and escalating freight rates, Lloyd's Shipping Intelligence said last week. The continued rush to load grain cargoes in the
      Reuter  -  187 words
    • 813 31 Page Col Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 •Bank Line. The 9 5 Batamindo 7 3
      813 words
    • 834 31 BANGKOK. Outdated Thai maritime laws arc the main hindrance to the expansion of the Thai merchant fleet, a top executive of Precious Shipping Co said last week. Though expansion of the Thai fleet could reduce the country's balance of payments deficit, by keeping
      834 words
    • SHIPS IN PORT
      • 639 32 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port BatamSpeed A4694 P01A 2604/1200 2604/1300 Batam Sayang 04 07/94 19 jlongside 2604/2300 Batam Speed *****' P01A 26 04/0700 26 04/0800 OwGuna 04 04 94 Jll alongside 2604/2300 Batam Speed3 *****" P01A 25 04/1900
        639 words
      • 2058 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Balance Rslts Ship Voy No Etb/Btr Period From To From to Soan 115* 27/1500 IB 25 1500 25 1659 25 1900 2B 25/1700 26 0659 26,0900 4 26/1200 26 1459 26,-1700
        2,058 words
    • 10048 40 This is a list of ships loading at Singapore fot 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
      10,048 words
    • 3400 45 A Xaß( ontainerline N\: Bclsin Shpg Agencies Pte Ltd (SV Marino Handling Sdn Bhd (PK/PN). Vccord Croup: \ccord Shpg Pie Lid (Sy. Accord Contr Line (PK/PN) \dkris Business Corporation Philippine Calsource Shpg Trdg Pie Lid (S) Ahrenkiel Liner Sen ice Kim Shpg Trdg(S). Albntros Sea- Air Sen ice:
      3,400 words
    • 307 45 Vbacus Couriers Tel: 545-8011. Fax 545-1898 Air txpress I ruu-l Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-XS44 Fax: 542-3716. *****80. \irswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJN Supplies Tel: 7 48-6322 (2 lines). "'47-7421. Fax: 742-8975 Cits-Link International Tel': 344-3377. Fax: 345-6450. Cluster Link Supplies
      307 words
    • 1554 45 \bex Express Freight Tel: 542-717| Fax *****84 Actinic Forwarder Tel: 225-1833 Fax *****42 \cthair Singapore Tel: 542-7822. Fax: *****20 Xerolink Freight International Tel: 545-8033. Fax: *****05 Acrospeed Tel: 542-5911. Fa* *****18 Air Cargo Novo Express Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50 Air
      1,554 words
    • 2299 46 ALBANIA Durres: Eight vessels in port of w liich discharging: I gasoline. I bagged urea. I general cargo. 2 bagged sugar. I bagged Hour. I bulk coke: I vessel loading fcrro chronic: no vessels in roads awaiting berths. ANGOLA Luanda: City quiet: port quiet with on berthing delays.
      2,299 words
    • 331 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Dtp Name of Vessel ETA KID Ports of Calls I'orl Agent telephone No APRIL 26 26 Leisure World 1300 2015 Port Klang Lauw Sons Travel 227-8284 Cruise to Nowhere 26 26 Langkapuri Star 1630 2030 Penang Sin Jardine Shpg Agencies 224-1052 Aquarius Nlcdan 27
      331 words
    • 1356 46 SHIP SALES TANKER RATES AFP THERE HAS been a surge of buying activity from the Greek market which encompassed several sectors, including various bulk carriers (such as handy/panamax/capc) and extending to an older VLCC. However. with the onset of both Greek Easter and Japan's Golden Week from April 29. it
      AFP  -  1,356 words
    • 886 47 I HIS twice weekly report, compiled by Cocked Marine Oil Ltd. shows price ranges in US dollars instead of single prices tor a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockclt Bunker Price Index change
      886 words
    • 596 47 Cation Carbon Apri 21 Density Water Residue Ash Muninun Sedment Density Water Residue Ash Mumriun Sednwnt a 0 MM 'MM Exxon Exxon KG/M'3 V/V "o MM '.MM PPM method KG M*3 V/V '.MM ',MM PPM method ISO/Cimac lints Spec E25 991 10 15 0 0 10
      596 words
    • 1713 47 I RLIGIII market conditions continual to favour owners, especially in the Atlantic grain trades, brokers said on Friday. BIFFEX. always a conservative indicator, marked the key US Gulf/Japan route up from U5521,125 to U5521.825. they noted. This was only a theoretical estimate since no reliable fixtures have been
      1,713 words
    • 1475 48  -  A universal system of tonnage measurement, the International Tonnage Convention (1969) beeomes mandatory in July. Stephen Thomas explains how it works Stephen Thomas Seatrade Review WHAT is a ship's tonnage? This familiar question may be heard from vessel traffle con--1 rollers, pilots, brokers or indeed anyone when the
      Seatrade Review  -  1,475 words
    • 880 48 COURSES Title: Projcct Management Duration: Apr 28-29 Organiser: Alberton Management Centre let For more information contact 336-2611 or fax: 338-9864. Title: Container Freight Station Management Duration: May 4 Jul 6 Organiser: Port of Singapore Authority let For further details/registration Contact SIM at 321-1707/321 -1824/321 -1825 or fax: 321-1416.
      880 words
    • AIR AND LAND TRANSPORT NEWS
      • 591 50 NYT WASHINGTON Two chairmen of Congressional panels have vowed to take action to improve the quality of air in airline cabins. One of them, Patrick Leahy, who is chairman of the agriculture committee, said last week that he had undergone
        NYT  -  591 words
      • 219 50 AFP SEOUL South Korea's Daewoo Group formally applied last week for government approval to merge its two subsidiaries, Daewoo Heavy Industries Ltd and Daewoo Shipbuilding and Heavy Machinery Ltd. A company spokesman said the merger, being conducted on an equal basis between the two subsidiaries,
        AFP  -  219 words
      • 509 50 MBT KUALA LUMPUR A Memorandum of Understanding (MOU) was signed on Sunday by the Fujian provincial Government of China with two companies Ciuoco Investments (China) Ltd and Hume Industries (M) Bhd to jointly develop a USS3OO million (SS4BO million) airport in Fuzhou. Guoco
        MBT  -  509 words
      • LOG BOOK
        • 100 50 Reuter MANAMA Dubai's fast-growing airline Emirates made a USS2O million (SS3I million) net profit in the year to Mareh 31, its ehairman was quoted last Saturday as saying. "Until the end of Mareh (1994) Emirates posted a US$2O million profit," Ahmed Bin Said al-Maktoum told
          Reuter  -  100 words
        • 81 50 Reuter ATHENS Greece has put forward a drastic plan for restructuring indebted Olympic Airlines, including early retirement for 1.745 workers and a four-year wage freeze. Transport Minister loannis Haralambous said on Sunday. Mr Haralambous. who announced the plan to the Olympic workforce and management on
          Reuter  -  81 words
        • 105 50 AFP PERTH A Malaysia Airlines flight to Kuala Lumpur was forced to return to Perth an hour after take-ofT on Sunday night, officials at Perth International Airport said yesterday. Chris Cunningham. the Australian Federal Airport Corporation acting manager. said emergency services in Perth were placed on
          AFP  -  105 words
        • 66 50 Reuter LONDON The UK Department of Transport was expected to reveal a plan yesterday to switch large amounts of freight traffic to railways from roads, the Observer newspaper reported on Sunday. The plan, a joint public and private proposal, will benefit channel tunnel
          Reuter  -  66 words
        • 42 50 Reuter SEATTLE Alaska Airlines last week said it would reduce its seasonal service to Russia and discontinue its 1994 vacation tour programme to Russia and China. Alaska Airlines is a unit of Alaska Air Group Inc. Reuter
          Reuter  -  42 words
        • 83 50 Bloomberg Business News ROSEMONT. Illinois TNT Freightways Corp, a trucking company, last Friday said its first-quarter net income surged 46 per cent because of rising volume and a more profitable mix of shipments. The Rosemont. Illinois-based trucking company posted net income of USSS.9I million (559.2
          Bloomberg Business News  -  83 words
      • 351 50 Bloomberg Business News AFP STUTTGART, Germany German luxury car maker Mercedes-Benz AG granted market leader Volkswagen AG a licence to reproduce parts of its new van. The parts will be incorporated in VW's own new Transporter, as the vehicle is known. Both
        Bloomberg Business News; AFP  -  351 words
      • 1774 50 City Fight ETA rtght ETB_ Abu Dhabi GA893 1835 GA984 2340 GA974 2350 Adelaide QF81 1925 QF82 2055 SQ228 2120 Amsterdam KL831 0935 K1844 0035 GA893 1835 KL838 2300 GA974 2350 SQ26 2355 Athens SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain
        1,774 words
      • 441 50 Reuter BADEN-BADEN, Germany The European motoring press is impressed by the new, all-al-uminium Audi A 8 but says it will have a tough time muscling in on a luxury car market dominated by Mercedes, BMW. Jaguar and Lexus. Comparison tests in German magazines between
        Reuter  -  441 words
  • Page 31 Advertisements
    • 22 31 PROPERTY CONSTRUCTION Every Tuesday in Business Times Tonnage explained, Page 18 US seek advances in quality of air aboard planes, Back Page
      22 words
    • 23 31 Ums and services represented ky Members ef the Registry ef Accredited *Ngl\ Singapore National ShipFor advertising enquiries, contact Shipping Times: Tel 740-2089/740 2090
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    • 43 31 jzsm+RM R FORWARDING PtE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 SELUNG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. V Singapore f Business Times WE KNOW ASIA
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  • Page 32 Advertisements
    • 473 32 I I TSKUNE AGENCIES (S) PTE. LTD. T 1/ V frnTfl Tel: 226-3363 i t3 9 |\t JLLNzL 226-1972/3 Ocrrrw —w tix: rs *****/tsksin. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPORTS TO HOH6KOH6. MANILA. TAIWAN t JAPAN "TWICE WEEKLY" I IQWWMO W m KW KT I Ml
      473 words
    • 1698 32 DUCT TO w W|4T, CQAtT IWH-y«fi tAUPfM* "yMf* l I TO BB MBimMWMII m»i. COWTMn UMiem I rem stom Li om »a m pa housiqii o«c w ffnrc una wr no jtom bmktt* mucus* swaa* iuianbm* oat* pt sw an* unini* mobm una •pacific arrow *023«/caii mrniß *7j 264 145
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  • Page 33 Advertisements
    • 2506 33 r OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JAROINE SHIPPING AGENCIES SON. BHD. TEL *****13 FAX: *****42 PETALING JAVA TEL 03-*****76 FAX 03-*****42 DOCUMENTATION TEL: *****55 (INWARDI/*****90 (OUTWARD) PENANG TEL. *****4 FAX: *****1 CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 Ip O H T EL: *****3/4 FAX: *****6 CUSTOMER
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    • 2567 33 WEEKLY SERVICE TO FREMANTLE NEXT AVAILABLE SAILING SWAN REEFER V.9421 ETA SIN 29TH APRIL 1994 Vessel Voy ETA ETO Feedere<3 by S Laurel Leerort ETA ETA ETA DESTINATIONS This »eot> METTE MAERSK V 9404 kTHB^TnWW^ 05 0800 MRS mltiM CFS 02.05 2359 MRS JOM LPK PEN OAK LGB SFO MEM
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  • Page 34 Advertisements
    • 1688 34 r AQABA R DAM/ li ALSO ACCEPTING FROM VESSEL VOV NO SPORE JEDOAH (VIA JEO) S TON H BURG A WERP HAVRE UfEST MALAYSIA LA SEINE 35/116 27/4 15/5 p of Ke)ang p enang HOECHST EXPRESS 14/316 30/4 9/5 16/5 18/5 21/5 23/5 25/5 Pasir Gudang DAN UBE 13/117 4/5
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    • 678 34 CZSZ2BSB9 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vostochny. Vladivostok. Moscow. I i Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN PKR Ned Hongkong V 2124 03/5 13/6
      678 words
    • 1188 34 NORASIA PSLTVOY^^^^^^^sin^alg^bc^^va^^HAS^Bß^^RO^^AN^^fe^^LM!^ I NORASIA PRMCESS 9416 3 27/04 18/05 21/05 22/05 23/05 24/05 25/05 26/05 27/05 27/05 I I SEA MACEDONIA 417W 05/05 25/05 28/05 29/05 30/05 31/05 01/06 02/06 03/06 03/06 I I NORASIA AL MUNTA2AH 9418 3 11/05 01/06 04/06 05/06 06/06 07/06 08/06 09/06 10/06 10/06 I
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  • Page 35 Advertisements
    • 1489 35 WW STRAITS SHIPPING PTE LTD Hi!? 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line <a service of china navigation co) CARGO DOt SA*S STRAITS WNTURI VIIE Muar a. lib 26 Apt 27 Api FCL. LCL CONTAINER AMD BREAK BULK SERVICE TO
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    • 3957 35 t SINGAPORE AGENT: IJJvtII PSO Containers (Singapore Agencies) Pte Ltd »'V LjL% w m. 10 Hoe Chiang Road #07-01 Keppel Towers Singapore 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 V t CR Number **********0Z EXPORT IMPORT VESSEL VO* -PNG 'KG SIN SOU ANT POT HAM
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  • Page 36 Advertisements
    • 638 36 GENERAL AGENT *****8^0000^^^^^ EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE L-HO CHI MIHH CITY PAPER I MAWOPHOHgyDIRECT HRHBY HOI ItifiKl 7a7»t2^M4i«M KKLYIN CHAH il#B2J S3S37a/MMtt3 MAHOJ 21«0«25 $*****2 1 TO VIETNAM/HCMC CONTAINER-FEEDER «WV«CB CENTER-POINT *v tJMBB 7 LINES W» Ml IT* SfWt HOT CTA
      638 words
    • 1693 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL ***** g Z 233 DOCUMENT TEL: *****71-275 FW Wl nsriuf HAUL SEA TV* POX FDR *SL SM IIM HAUL SAV lIM HIC HAMJM SEATTLE 033E JO 4 DMECT 19/5 20/S 21/5 HANJIN SEATTLE 033E 30/4 M PROGRESS 032E 2/6 3/C
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    • 1459 36 Agn au d-T H" l"=T3"Tk I m w lit Mt u( nn wt o» ngt m tto lai chs bai rc im um ton n» mg psd cms pkl I e annou 21/4 j/s s/s 6/5 »/s n/i ii/S 12/5 ii/s m/ 5 n,i j/t it io t 201 21,
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  • Page 37 Advertisements
    • 2412 37 sex: 'HAKONE MARU/*R2 14 W eta sgp 27/04/94 H 1 II ARRIVING LOS ANGELES 14/05/94 IN 16 DAYS HI I SSEw 11 AEX: OCEANUS OSAKA 33E' ETA SGP 27/04/94 II i II II ARRIVING NEW YORK 21/05/94 IN 23 DAYS HI i *111 Connecting CaHlornia Jupiter Voy 72f In HKG
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    • 1277 37 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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  • Page 38 Advertisements
    • 1680 38 44 v AS AGENTS: LINE (SINGAPORE) PTE LTD (CR NO: **********0M/GST REG NO: M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I T MALAYSIA "K" LINE MARITIME (MALAYSIA) SON RHO u TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAIITINTERNUSA, TEL:
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    • 725 38 @APPENSHIP /2\ HAMBURG VTV/ CONVENTIONAL A INDEPENDENT LINER SERVICE S EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE/LOWING FOR SUMMER HAM 20/03 SPORE 27/04. BKK LORELEY HAM 23/03 ANT 26/03 SPORE 14/05 BKK. LAEM PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 02/06 KOALA
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    • 387 38 GOLDEN LINE Vfo<?V GUAN SH PPING (PTE) LTD 2J TfM Sm, smtllKM 0104 m 5343*1 (10 IMS) Fii *****04 (O lb. **********09) 9TKAIT9/PEK9IAM OPLTIMTICT Sport P Mang Penang J GOIOIN SIM Karachi Dubai l/ll Hay < GOIDEN KM KWKXI DUM »/2l tUf CHINA IMTICI GOUXN MONK ft China Ports 1/9
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  • Page 39 Advertisements
    • 936 39 PACIFIC INTERNATIONAL LINES (PTE) LTD^ I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I I CR N() **********0E I VESSEL VOY SIN CMB JIB JED AOJ ADE MOO PZU ASA KOTA WIRAWAN WRNO4I 2/5 7/5 13/5 15/5 IS/5 24/5 29/5 1/C KOTA BERANI BRNOO3 10/5 14/5 20/5 24/5 27/5
      936 words
    • 1056 39 [wssus VOY U HAWK HAMBURG IMAMIS ROIILRDAM ANIMRP j HANSA CARRf R RO3W JO 04 22 Oi 24/ OS «/05 2t/05 2»/05 \MI( 0t CARMA CO3W 07/ OS 2*>os 31 OS 01,06 j 0? 06 04 Will 01 SACIIIA SOJW 10 OS 01 0« _J 03 06 04 06 05
      1,056 words
    • 595 39 BSA ik. %mmi MYANMA «BBk FIVE STAR LINE r (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen P.Gdj MANDAIAY V44W SID In Pt MERGUt VI23W 27/29 A(* PAGAN V2O9W 27/29 Apr HPA AN V2O2W 28/30 Apr MALAYSIA AGENTS BOUSTEAO SUPPING AGENCfS KIA TEI 03 *****00 PRI TEL 03
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  • Page 42 Advertisements
    • 978 42 >|?\[\$%<,_];*'^]__:\*^.`:\@/,$ /irSCROATIA LINEA I (EX JUGOUNIJA) 1 KISSEL SPORE PK PtjG 10AMN6 FOB 10SWJ 09 MAY 11 MAY Alexandria. Beirut. Istanbul. Trieste. Koper, lattakia. limassol. Mersin. P Said. Riieka. Venice SIOVENIJA 25 MAY 28 MAY -do General Agents: EAST MOUNT AGENCY (PTE) LTD Sintapore Kuala Lumpur Port Keianf Penanj SPORE
      978 words
    • 175 42 4fNORBULK\ I Wit NORBULK CARGO SERVICES LTD. 1 I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES MLAGRO 28/4 30/4 FLU/MT/UK I ADAMASTOS 3/5 Saled FLU/Mff/NAN/UK I ISP PK LOADING FOR I NOR BULK TBN 2S/4 DBN/EL I ALSO LOADS TG MANI ANO KK I PK SWK/SABAH LOADING FOR NORBULK NAMR
      175 words

  • Page 43 Advertisements
    • 661 43 (j£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 01/05 ROTTERDAM 27/4 AARHUS/COPENHAGEN 01/05 HAMBURG/BREMEN 01/5 MARSEILLE/FRANCE 03/05 FELIXSTOWE/UK 27/4 BARCELONA/SPAIN 02/05 LEHAVRE/FRANCE 27/4 GENOA/ITALY 02/05 ANTWERP/BELGIUM 02/5 LOS ANGELES/WC/IPI 01/5 SYDNEY/MELBOURNE 28/4 NEW YORK/EC 01/5 FREMANTLE/ADELAIDE 29/4 VANCOUVER 29/4
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    • 1060 43 mtmtmmnzzinj^mmm 1 iisr— im, t—Vi.p.i ».*»,.1 I issl. i ,oy i ri T m VESB€L I VOY I ISRA BHUM <W Fri 29/4 Tua 3/5 I TMAM l" 30/4 XETHA BHUM 45H Tw In Pt~ Fri I 28/4 BHATRA BHUM 27S Sat 30/4 Tua 3/5 I -J& !£L_ VANTRA BHUM
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    • 292 43 NATIONAL EXPRESS K—-J FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX: *****58 THE AMERICAN CONNECTION ETD ETD I I I r~\ ETD ETD I SEATTLE 29/4 6/5 I J NEW YORK 1/5 8/5! OAKLAND 27/4 4/5 f WILMINGTON 27/4 4/5
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    • 513 43 p5, POMGNAMA LINE comta—mmo mane* rnurrt/Etw/iHC/i«>r!s *ssa nc bin n bsn mc meim mm 21/4 i/s i/s u/s 11/5 TU.SMS V4BSN 5/5 7/5 1/5 20/5 M/S smonc ntMH 11/5 15/s u/s 12/5 27/5 25/5 MOTIONS O.ORV lt/5 20/5 11/5 1/4 3t/5 ROUHO THE ASIA SERVICE KSSEL SfiT MI (~Sff Mfi
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  • Page 44 Advertisements
    • 1896 44 (LABMN CONTAINER LINES, INC l-K=/V~n A fl* nU: MAC-NELS SPORE: *****22 (24 LINES) v—' l V > 'cm No: 1200S7S0000C SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN
      1,896 words
    • 215 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (H ill EH SfOH rail HtIANG ft HANG aim MOf I S SAMD loadwni lor Mdkr RUVAI MUOMJ 2 "3 f vA UMII7 to» Boffbjf OOIPHR 15 ft 4 lOJdinij Fo» Mafr HOMER SUfWEME jfl 4 loading fot Mite UMMEEOH 6 i
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    • 1124 44 A THONG SOON UNES PTE LTD 1 I /\V\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I W V TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S'POtE PEST VESSEL VOY PORE PKT EQUATOR 111 120/4E 29
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  • Page 46 Advertisements

  • Page 47 Advertisements
    • 77 47 I —-i "Hie Executive Housekeeper -Bus hotel Y I I o vvur,, I I wants is me. Sot I'll never neglect I I I v babj J I I Any Job. Any Career. I I Available any day. I s,s ~lp Anytime, anywhere. I W The Straits Times The Sunday
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  • Page 48 Advertisements
    • 483 48 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA VIGOUR LUZON 9418N 29/04 (FRI) 07/05 (SAT) VIGOUR PACIFIC 9418 AN 03/05 (TUE) 07/05 (SAT) TWO SAIINGS WEEKLY VIGOUR ATLANTIC 9418N 06/05 (FRI) 11/05 (WED) FWMY ANO TUESOAY OPTIMA 9401N 10/05 (TUE) 1 14/05 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL
      483 words
  • Page 48 Miscellaneous
    • 699 48 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.9 25 19 1.2 0.7 0.3 02 04 OS 16 2.4 2.8 29 28 2.3 1.6 1.1 0.7 0.6
      699 words

  • Page 49 Advertisements
    • 828 49 I HYUNDAI I MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PGP* VESSELS VOY I I WTM I AWT* LtH* HAM BREj FEI 27/04 29/04 30/04 SI FREEDOM 310W 02/05 20/05 21/05 23/05 21/05 21/05 24/05 04/05 06/05 07/05 H. COMMANDER 309W 09/05 27/05 2S/05 30/05 28/05
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    • 489 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSSll VOY 5 R Kite M HMSMUM >39 31/4 l/l J/$ Mot SKI MACOVA V9l 2( 21 4 KMZAN HIM VI 7/5 I S OUTBOUND VESSELS LOADINC FOR TOKYO COSMIC LEADER V 44 SP 2/5 PK 4/5 LOADING FOR
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    • 1018 49 VESSEL VOY SIN ETA/D LAX OAK "en 1 DAL MEM/COL IHOU NYC I NOR ALLIGATOR VICTORY 52A 28-29/04 15/05 17/05 18/05 19/05 19/05 20/05 20/05 21/05 MACKINAC BRIDGE TM 05 06/05 22/05 24/05 25/05 "26/05 26/05 27/05 "27/ OS 28/05 ALLIGATOR TRIUMPH 54A 12-13/05 29/05 31/05 01/06 02/06 02/06 03/06
      1,018 words