The Business Times, 28 April 1994

Total Pages: 46
1 46 The Business Times
  • 13 1 Business Times MIT \(P) 010/12/93 Thursday April 28 1994 i: KSOW ASIA 75°
    13 words
  • 2am LATEST
    • 50 1 AFP DAMASCUS Syria and Russia yesterday signed their first military cooperation since the collapse of the Soviet Union. Syrian Defence Minister General Mustafa Tlass said relations between Damascus and Moscow should return to the same levels as before the Soviet Union collapsed in 1991. AFP
      AFP  -  50 words
    • 64 1 Bloomberg Business News SAN FRANCISCO Seagate Technology chairman and chief executive Alan Shugart yesterday said the disk drive maker's revenue could more than double to US$7 billion (SSIO.B billion) by 1999. fuelled by growth in the personal computer industry. He did not see a
      Bloomberg Business News  -  64 words
  • 168 1 Stock market indices Wednesday Change STII 2,290.71 -23.56 KLSEComp 1,053.35 -0.12 Nikkei 19,729.15 100.22 Hang Seng 9,113.25 -215.39 SET Index 1,274.71 +10.92 Jakarta Comp 461.73 +6.81 CLSA China B 982.16 +1.96 Aust All Ord 2.059.7 -9.7 FTSE 100 3,150.00 +24.70 Wednesday Previous close Dow Jones closed 3,699.54 Average
    168 words
  • 110 1 SINGAPORE Most regional stock markets closed lower yesterday in featureless trading. In Singapore, stocks succumbed to profit-taking after an 82.98-point rise over the previous three trading days. As a result, the Straits Times Industrials Index fell 23.56 points to 2.290.71. In Malaysia, the Kuala Lumpur
    110 words
  • 729 1  -  By Lee Han Shih, Lilian Ang SINGAPORE The Yeo Hiap Seng takeover saga took another turn yesterday, with YHS chairman Alan Yeo breaking his silence to say that he had garnered almost enough support 47 per cent of votes
    Source: Bloomberg  -  729 words
  • 545 1  -  By S N Vasuki SINGAPORE In a pathbreaking joint venture, two Malaysian firms have joined hands with an Indonesian company to build a USSI.66 billion (552.6 billion) coal-fired power plant in Sumatra which will export some of its electricity to
    545 words
  • 353 1 Bloomberg Business News WASHINGTON Americans spend more money paying their taxes than they spend for food, clothing and housing combined, according to a survey by the lax Foundation. Tax collections will top the USS2 trillion (SS3.I trillion) mark this year,
    Bloomberg Business News  -  353 words
  • 339 1 AFP AP Reuter TOKYO Japan's powerful bureaucracy yesterday stepped in to fill the political void by announcing that newly-elected Premier Tsutomu Hata would be sworn in by Emperor Akihito today without a Cabinet. The announcement by Nobuo Ishihara. deputy
    AFP; AP; Reuter  -  339 words
  • 305 1 SINGAPORE POSBank will lift its savings rates by 0.25 of a percentage point from May 1 a m«sve some analysts say could lead to an increase in interest rates for housing loans. The bank said yesterday the new savings rates would be
    305 words
  • Page 1 Advertisements
    • 108 1 &/<',$@{@">-&;@{'-%@&/+>^'{,>!; CONTENTS News Companies S pore News 2 Spore Msia 17.18.19 Regional News 3.4.6 financial 20.21 World News 7.8 Features Markets Matyv 15 Clob KLSE. SES 24 26 Editorial 14 Regional 22 Sports 9 World 23 TV; Lifestyle 11 Currencies 20 Law 13 Siine» Commo 20.21 Subscription Tel 1800 7492b77
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    • 22 1 Law: Pfi ij Asian vs American methods W'e had printing problem s yesterday. He are sorry if you received your copy late.
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 343 2  -  By Genevieve Cua PRICES of Singapore's exports held firm in March after slipping steadily for more than a year. March's export price index stayed at the February level of 83.4. compared to 83.7 in January and 84.3 in December. It was, however. 4.7 per cent
        Source: Dept of Statistics  -  343 words
    • NEWS ROUNDUP
      • 96 2 PRESIDENT Ong Teng Cheong and Prime Minister Goh Chok Tong yesterday sent messages to the outgoing King of Malaysia, Sultan Azlan Shah of Perak and his successor, Tuanku Ja'afar Ibni Al-Marhum Tuanku Abdul Rahman of Negri Sembilan. In his messages to Sultan Azlan, the Ninth
        96 words
      • 101 2 SINGAPORE Refining Co (SRC) became the first oil refinery in the Asean region to be awarded the ISO 9002 certification for its refining operations yesterday. "The achievement of ISO 9002 certification will help us in gaining marketing commercial advantage over our competitors as well as provide
        101 words
      • 79 2 THE Urban Redevelopment Authority yesterday sold all seven lots in the first auetion of sites for heavy vehicle parking. The auction, at the World Trade Centre, drew a crowd of about 300. Most bidders were end-users such as transport companies. Strong bidding for some
        79 words
    • 469 2  -  Reports by Juliette Walker THE Institute of Technical Education (ITE) has launched a system of Certified On-the-Job Training (OJT) Centres to upgrade the skills of some 500.000 existing workers. ITE chairman Eric Gwee said at yesterday's launching ceremony: "Singapore has an effective pre-employment
      469 words
    • 325 2 On-the-job training needed to upgrade workers 9 educational profile: report Compatriots in developed countries spent more years in school ON-THE-JOB training (OJT) is crucial to raising the educational profile of Singapore's work force, which "compares unfavourably'" with those in developed countries and newly industrialised economies (Nits), according to a study
      Source: ITE  -  325 words
    • 259 2 RISING protectionism in the West and growing income gaps around the world could threaten the jobs and welfare of Singapore workers, labour union chief Lim Boon Heng has warned in his May Day message, issued yesterday. To protect
      259 words
    • 309 2  -  By Corinne Kerk A JOINT venture between the Trade Development Board and the Pico group will build an international exhibition and convention centre in Ho Chi Minh City. Vietnam. The joint venture company. Intertrade Vietnam, is a wholly owned subsidiary of Intertrade
      309 words
    • 214 2 THE Far East Organisation has received a strong response to phase one of its Bayshore condominium project, which had its soft launch yesterday. The group said that the site office opened for bookings at 9am and more than half of the 548 available
      214 words
  • Page 2 Advertisements
    • 199 2 /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,
      199 words
    • 135 2 SECRETARIES' WEEK BUFFET LUNCHEON MOON PAVILION CHINESE RESTAURANT 25 April 29 April 1994 JSosses, treat your secretaries to J "—ihhfih a fabulous Buffet Luncheon and ill.. Fashion Show. Lunch will feature a tantalising spread of her favourite I Hong Kong Tim Sum, Pork Ribs Oriental Style, Sauteed Mussels in |p
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    • 218 2 05 I M THE UNIVERSITY OF HULL England 1927 mm "OVER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" mSM "ONE OF THE MOST ESTABLISHED IN SINGAPORE" I MBA I First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of the IRVIfIPM| 1990s First
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  • SOUTH-EAST ASIA
    • 400 3 Bernama KUALA LUMPUR A new investment firm to manage government investments and assets, Khazanah Holdings Bhd, will begin operations in early June. Deputy Prime Minister Anwar Ibrahim yesterday said the proposal to set up the firm was approved by the Cabinet
      Bernama  -  400 words
    • 289 3 KnightRidder, Reuter JAKARTA Foreign bankers working in Indonesia criticised a report by international credit rating agency Standard and Poor's (S&P) that said the outlook for the country's banking sector was relatively uncertain and unstable. "Some of the conclusions are not balanced,"
      Knight- Ridder,; Reuter  -  289 words
    • 200 3 Bernama KUALA LUMPUR The Cabinet yesterday agreed in principle to make Kuantan and Kemaman free ports. Transport Minister Ling Liong Sik said. The free port status would further accelerate import and export activities and create more employment opportunities in Pahang and Terengganu, he added.
      Bernama  -  200 words
    • 269 3 AFP KUALA LUMPUR Malaysia has extended by two months a ban imposed in January on the recruitment of unskilled foreign workers pending a study on their link to social and health problems. Local newspapers yesterday quoted Deputy Home Minister Megat Junid
      AFP  -  269 words
    • 203 3 Bernama HARARE Petronas now controls 25 per cent of the Zimbabwean market for petroleum products following its success in securing the tender for the supply of 300.000 tonnes worth about US$55 million (SSBS million). The first shipment of 40.000 tonnes of petroleum
      Bernama  -  203 words
    • ASIA NOTES
      • 88 3 Reuter KUALA LUMPUR Deputy Foreign Minister Abdullah Fadzil Che Wan dropped the strongest hint yet that Malaysia may eventually lift a ban on public contracts for British firms, describing the lack of bad news lately in the British media as "a good beginning
        Reuter  -  88 words
      • 52 3 Reuter KUALA LUMPUR Mohamad Asheek Sharif, the skating waiter, serving Malaysia's favourite tea, the teh tarik, at a hawker centre in Kuala Lumpur yesterday. Mohamad Asheek, entertains his customers with his skating prowess and fast service. He claims to be the only skating waiter in the
        Reuter  -  52 words
      • 80 3 Knight-Ridder SINGAPORE The Indonesian government will review its foreign ownership restrictions on direct investments, especially in industries such as commodities soon, said the State Minister for Development Planning Ginandjar Kartasasmita. The move will be part of the government's next deregulation step, Mr Ginandjar said.
        Knight-Ridder  -  80 words
  • Page 3 Advertisements
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    • 11 3 The only GSM that comes with a complete car kit, free.
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 90 4 Reuter BEIJING China has set up its second policy hank, the Import-Export Bank of China, the Xinhua news agency said yesterday. The new bank will be responsible for providing import and export credit for exports of capital goods, including large machinery and electronics. It will
        Reuter  -  90 words
      • 62 4 AFP TAIPEI Taiwan's economy is showing signs of improvement, with the government's key economic barometer Hashing an encouraging "green light" for March, a government agency said in a report yesterday. "The economy in March remained promising despite the composite ratings sliding to 23 points from 27
        AFP  -  62 words
      • 87 4 Bloomberg Business News HONGKONG In a spirited defence of Hongkong's fixed bank deposit rates before the territory's Parliament, the head of one of Asia's largest banks yesterday painted a catastrophic picture of warring banks and a ruined economy. David Li. chief executive of the
        Bloomberg Business News  -  87 words
    • 265 4 SINGAPORE Beijing-con-trolled conglomerate China Merchant Holdings plans to list one of its shipping companies in Singapore, said its executive vice-chairman and managing director. Jiang 80. A report in the Chinese language daily, Hongkong Economic Journal, yesterday quoted Mr Jiang as saying that the groundwork
      265 words
    • 410 4 Accord a compromise to prevent more strain with China LAI WASHINGTON The Clinton administration and Congress privately reached an accord last week that will open the way for hundreds of millions of dollars in new American arms sales to Taiwan. Although
      LAI  -  410 words
    • 306 4 AFP. UPI BEIJING China is set to pass a law governing the use and circulation of bills of exchange. amid moves to standardise commercial transactions in the country's developing market economy, the China Daily said yesterday. The Law
      AFP.; UPI  -  306 words
    • Article, Illustration
      63 4 Reuter HONGKONG A policeman trying to put two chickens back into their cage after they were thrown out on the streets by angry protesting farmers outside the Legislative Council here yesterday Ihe council is going to pass tough new anti-pollution laws which require pig and chicken farmers
      Reuter  -  63 words
    • 346 4 UPI BEIJING China plans to start penalising firms resorting to illegal layoffs and prevent the firing of aging workers in a widespread bid to curb soaring unemployment, said the official Xinhua news agency yesterday. /hang Xiaojian. head of the Labour Ministry's Employment
      UPI  -  346 words
  • Page 4 Advertisements
    • 235 4 If you thought staying at the Shangri-La Penang Also, you'll have inter-signing privileges at all four was a little out of your price range, it's time to think Shangri-U properties in Penang. That means that the again. Berause Shangri-La Penang's new value-for- beautiful Golden Sands and Rasa Sayang Resorts and
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  • Page 5 Advertisements
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  • REST OF ASIA
    • 587 6 Reuter CANBERRA Ihc Australian government should speed up its detieit reduction plans if it wants to avoid another sell-off on financial markets and sta\e off an earl> tightening of its monetary polic\. economists said yesterday. "If the government is
      Reuter  -  587 words
    • 178 6 Reuter MELBOURNE The former head of Australian retail giant Coles Myer Ltd. Brian Quinn. appeared in court yesterday charged with 49 counts of theft and one count of conspiracy to defraud. Melbourne Magistrate's Court was told the charges re- lated to alleged
      Reuter  -  178 words
    • 279 6 Reuter WASHINGTON Capital inflows into India have swelled in recent months, bolstered in part by demand from foreign investors for Indian stocks. C Rangarajan. governor of the Reserve Bank of India, yesterday said inflows in the period January-March 1994 totalled roughly USS4.I billion (556.3
      Reuter  -  279 words
    • 579 6  -  From Brian Gomez in SYDNEY SINGAPORE'S Senior Minister Lee Kuan Yew generated an unprecedented amount of publicity during his recent visit to Australia partly because of rising Australian interest in the Asian region. Generally the Australian media has accepted his theme
      579 words
    • 221 6 AFP. Knight-Ridder TOKYO Sales at Japan's major retailers fell 3 per cent in March from a year earlier to 1.759.5 billion yen (5526.5 billion). for the 22nd straight month of year-on-year decline. A government report yesterday said sales at 420 department stores across
      AFP.; Knight-Ridder  -  221 words
  • Page 6 Advertisements
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  • THE WORLD
    • 443 7 Reuter, Knight-Ridder WASHINGTON European Union Trade Commissioner Leon Brittan said his plan for a joint EU-US drive to open Japan's markets had been rejected. Sir Leon has repeatedly sought to step between the United States and Japan in their trade wrangling,
      Reuter,; Knight-Ridder  -  443 words
    • 56 7 Reuter TURKEY Culture Minister Fikri Saglar sitting with a victory smile before a US$3.5 million (555.4 million) smuggled Roman sarcophagus on Tuesday at the archaeological museum in Istanbul. The return of the Garland sarcophagus, dating back to AD 180, from the US represents a victory
      Reuter  -  56 words
    • 159 7 NYT GENEVA The Group of Seven industrial countries will invite Russia to work formally with them as they develop positions on a range of political issues, US Secretary of State Warren Christopher said on Tuesday. Mr Christopher told Russian Foreign Minister Andrei V
      NYT  -  159 words
    • 343 7 AP WASHINGTON Forty-four members of Congress wrote to Federal Reserve chairman Alan Greenspan on Tuesday calling on the central bank to stop raising interest rates or risk killing job growth. So far this year, the Fed has nudged up short-term interest
      AP  -  343 words
    • 462 7 Reuter, AFP WASHINGTON Rich and poor countries faced off on Tuesday to explore ways to increase assistance to the developing world and make certain economic reform remains on track. The meeting of the joint Development Committee of the International
      Reuter,; AFP  -  462 words
    • WORLD WATCH
      • 85 8 Reuter CARACAS Venezuela's financial crisis deepened on Tuesday when the central bank president resigned in a clash with the government over its strategy for bolstering an ailing banking system and an economy in recession. Ruth de Krivoy submitted her resignation to Venezuelan President Rafael
        Reuter  -  85 words
      • 75 8 AP WASHINGTON The Pentagon spends more money processing travel orders than it does on the travel itself. Vice-President Al Gore's National Performance Review of wasteful government practices found that the Pentagon spends US$2.3 billion (553.5 billion) per year to process USS2 billion worth of travel vouchers. The Pentagon
        AP  -  75 words
      • 130 8 AFP MOSCOW Russian President Boris Yeltsin on Tuesday ordered a review of the government's privatisation of the former state travel group Intourist, Itar-Tass news agency said. A presidential decree signed on Tuesday asked the government to "present within a month their conclusions on the
        AFP  -  130 words
      • 90 8 AFP ABU DHABI Arab states are still suffering from high unemployment and illiteracy rates despite economic reforms and educational campaigns, and the problem is threatening stability in the region, an official Arab report said yesterday. While illiteracy is expected to decline in the near
        AFP  -  90 words
      • 74 8 Reuter LONDON The British industrial lobby's almost unprecedented statement that there is no need to cut interest rates will make it even harder for the government to make a politically inspired cut in rates, economists said. Some analysts expect a cut to offset tax
        Reuter  -  74 words
    • 386 8 AFP WASHINGTON Easing labour laws such as those governing minimum wages is one of the keys to raising employment in many industrialised nations, according to OECD chief Jean-Claude Pave. That is one of the conclusions of a report on work and
      AFP  -  386 words
    • 38 8 Reuter SARAJEV O Sarajevo children signing a big banner to protest against the division of Sarajevo in the besieged capital yesterday. Some 280 children participated in a symbolic demonstration for peace in the country. Reuter
      Reuter  -  38 words
    • 362 8 Reuter JEDDAH Saudi Arabia is inviting private investors to put in more than USS2 billion (SS3.I billion) of new money for projects to tap its non-oil mineral resources. The kingdom already mines gold. It now wants to extract iron ore. phosphates
      Reuter  -  362 words
    • 181 8 Reuter DAMASCUS A high-rank-ing Russian delegation is visiting S>ria to tr> to get back billions of dollars lent to Syria by the former Soviet Union to pay for arms supplies. Russian officials said the delegation led by First Deputy Prime Minister Oleg Soskovets met
      Reuter  -  181 words
    • 494 8 FT. Reuter. ZURICH Justice officials have ordered 19 banks to freeze any accounts belonging to fugitive German property tycoon Juergen Schneider. The Swiss news agency yesterday said that the Zurich district prosecutor's office believed the banks, including major Swiss banks and
      FT.; Reuter.  -  494 words
    • 273 8 Reuter RIO DE JANEIRO Brazil might eventually join the North American Free Trade Agreement (Nafta) hut its priorities remain the introduction of the Mercosul trading bloc and further economic integration within South America, a senior Brazilian trade official said on Tuesday. "We've finished
      Reuter  -  273 words
  • Page 7 Advertisements
    • 156 7 Jlf^ YA "SIA CARGO ADVISES US ABOUT OUR MOST ECONOMICAL AND TIME SAVING OPTIONS. IT ALL HELPS TO LIGHTEN OUR LOAD/' DERRICK LIM CUSTOMS TRAFFIC AND LICENSING MANAGER ASIA PACIFIC DISTRIBUTION OPERATION OF HEWLETT PACKARD "Although we fly thousands of tonnes they will suggest the most economical and keeping our
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  • Page 8 Advertisements
    • 425 8 r £g§yi HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at 65 Chulia Street #19-00, Conference Room, OCBC Centre, Singapore 0104 on Wednes'day, 18 May 1994 at 12.00
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    • 361 8 /ODBSBANK^ IMF DEVELOPMENT BANK OF SINGAPORE LTD H (Incorporated m the Republic of Singapore) ANNOUNCEMENT I The Development Bank of Singapore Ltd ("DBS Bank") wishes to announce a proposal H to merge the operations of Great Pacific Finance Ltd ("Great Pacific") with those of H DBS Finance Ltd ("DBS Finance").
      361 words

  • SPORTS
    • 592 9 AFP WASHINGTON Several top National Basketball Association players are confident today's league playoff openers signal the start of their club's march to a championship. Trouble is. the crown fits only one team. "This is our year. Quote me." New York
      AFP  -  592 words
    • 56 9 AFP NEW YORK California Angel rightfielder Jim Kdmonds going up high for a foul ball in vain during the second inning action on Tuesday here. Kdmonds left the game on a stretcher after being struck by a ball while running to first. The Angels
      AFP  -  56 words
    • 383 9 NYT NEW YORK Evander Holyfield. who fought 12 gruelling, bruising rounds last Friday night and lost his heavyweight titles to the younger, faster-fisted Michael Moorer, said on Tuesday that he would retire on the advice of his physician. Dr Ronald
      NYT  -  383 words
    • SPORT SHORTS
      • Article, Illustration
        71 9 Reuter NKW YORK Major league luesdav American: Baltimore 10 Oakland 4; NY 3 California 6: Cleveland 11 Minnesota 3; Chicago 3 Milwaukee 0: Kansas City 6 Toronto 8: Tevas 6 Detroit 1; Seattle 4 Boston 3 (in 10). National: Cincinnati 8 Chicago 2: Montreal 7 SF 3; NY 3
        Reuter  -  71 words
      • Article, Illustration
        193 9 AP INDIANAPOLIS Former heavyweight champion Mike Tvson says he will fight again. Tyson, speaking to Cable News Network's Larrv King on Tuesday, said he had been working out twice a day. However, he docs not want a bout with Riddick Bowe because he has no interest in fighting his
        AP  -  193 words
      • Article, Illustration
        129 9 AFP LAHORE, Pakistan Former Pakistan captain Imran Khan dismissed allegations on Tuesdav about his role in the recent dissolution of the Pakistan cricket board, and the removal of Javed Miandad from the captaincy. "It is a figment of imagination in some people's mind that I was responsible for the
        AFP  -  129 words
      • Article, Illustration
        41 9 Reuter NKW YORK Stank) Cup first round plavofTs iuesdav Western Conference: Toronto 1 Chicago 0 (Maple Loafs lead best-of-scven series 3-21: Calgary I Vancouver 2 (Oi l (Flames lead series 3-2); San Jose 6 Detroit 4 (Sharks lead 3-2).
        Reuter  -  41 words
      • Article, Illustration
        141 9 AP lOKYO Hawaiian-born wrestler Konishiki weighed in at 269 kilogrammes on Tuesday for the May tournament, setting a sumo record, the Japan Sumo Association said. Konishiki's stable master. Takasago. said the 30-year-old former oA:ki (champion) is "in good shape" for the 15-day tournament starting on \la> 8 in
        AP  -  141 words
      • Article, Illustration
        172 9 Reuter Reuter JAKARTA Indonesian Open first round luesdav (Indonesian unless stated): Nana Mivagi (Jpn) b Jeri Ingram (US) 6-1 6-1: Linda Nicmantsvcrdriet (Neth) b Ann Henricksson (US) 6-0 7-5: 3-Yavuk Basuki b Natalia Soetrisno 6-2 6-1: Dinky N an Rensburg (SA) b Minima Chernov ita 6-3 6-0: Andrea Strnadova
        Reuter  -  172 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • LIFESTYLE
    • 1242 11  -  Bennett is back and when he croons, slackers listen. After 45 years he is again popular this time with a new generation of listeners. John Marchese writes John Marchese NYT IT SEEMS there is nothing that could keep Tony Bennett from having a happy day. As
      NYT  -  1,242 words
    • 641 11 CHATTERBOX Reuter Reuter AP AP JUST OVER two weeks after actor Michael Moriarty stepped in to replace Richard Chamberlain as Professor Henry Higgins in the hit revival of My Fair Lady, the producers posted a closing notice on Tuesday evening. The
      Reuter; AP  -  641 words
  • Page 11 Advertisements
    • 105 11 Urae Set- Skewer with Deeptried Scallops Vegetables, Grilled Salmon with Terivaki Sauce and Cold Green Tea Noodles. Aoi Set Panfried Sliced Beef with Onion and California Maki. Sushi Teppanyaki Buffet at S2B++ also available At if c&g&r lAf*NES£ RESTAURANT JB2Ha ft lock RoaJ Singapore OJJ6 Tel: *****22 Fa.x: *****1-f a
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  • Page 11 Miscellaneous
    • 1281 11 TV RADIO The Squeeze, 8.30pm, SBC 5 JFI a I ;r B to the corpse The box by hoods who t 1 to on rookie Chong to un- IjJll^lfj^^K■ elaborate ij I Count Basie: Swingin' the Blues, 8pm, SBC 12 rf ■nBml I iMPi^^^B one most popular ii^ proWilliam Basie
      1,281 words

  • INNOVATION & TECHNOLOGY
    • 527 12  -  USSIb aid to take on Japan in making display screens. Claire Leow reports Claire Leow THE US government will spend up to USSI billion (551.55 billion) to help US companies compete with Japan in making advanced Hat-panel display (FPD) screens.
      527 words
    • 462 12 AP Scientists at the Fermi National Laboratory in Illinois announced on Tuesday that they had detected strong evidence of an elusive particle at the heart of all matter in the universe, providing the best proof yet of
      AP  -  462 words
    • IN TAKES
      • 97 12 SINGAPORE German firm Peter Lancier is offering what it calls a new generation of monitoring systems said to be "extremely cost-effective" in monitoring pressurised cables, climatic data and equipment alarms, for example. The equipment includes its own CPU and modem, and has 16 measurement channels which accept data
        97 words
      • 80 12 NYT WASHINGTON Inventor and pianist Manfred Clynes has patented a computer voice technology which can be used to sculpt specific phrases by giv ing the computer's voice an inflection made up of volume, pitch, timing and tremor that is the shape of a given emotion.
        NYT  -  80 words
      • 76 12 AP WASHINGTON A bait stick that lures boll weevils with sex attractants and kills them with insecticides will get its largest test to date this summer in Mississippi. Scientists from the Agriculture Department and about 20 cotton growers will try out the sticks
        AP  -  76 words
      • 65 12 Bloomberg Business News TOKYO A team of Japanese researchers led by Tetsuya Osaka, a Waseda University professor, has discovered a method of prolonging the lifespan of rechargeable lithium ion batteries. Nikkei English News reported. By producing lithium metal anodes in the presence of carbondioxide. the
        Bloomberg Business News  -  65 words
    • 562 12 Reuter THE world's ultimate secret code a 129-digit combination designed by mathematicians to take trillions of years to break has been cracked in a mere 17. But it took 600 people on five continents using 1.600 computers working for eight months to do it. scientists said
      Reuter  -  562 words
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  • THE LAW PAGE
    • 906 13  -  Americans slug it out first and talk later, says Japanese arbitration expert. Ramesh Divyanathan reports. Ramesh Divyanathan ASIAN businessmen are less litigious than their counterparts in the US and Europe, says an arbitration expert. They prefer to negotiate, before suing. But Americans prefer
      906 words
    • 559 13  -  AT THE BAR By Ramesh Divyanathan Members of the public wanting to find out about what goes on in the Subordinate Court, can now use computer kiosks at the courts. The terminals, known as Justnet Autopoint. look like ATM machines and are
      559 words
  • Page 13 Advertisements
    • 254 13 THE ALL-NEW TOYOTA FORKLIFT Excellent t t [Environment HHHHHHHHHiiiiIHHHiiiiHHHiii^HHHHHHii i i i i l the Elements of the SUPER-E Introducing the ALL-NEW TOYOTA 1-3 TON "wedge-shaped" FORKLIFT enhanced with all the elements of SUPER-E tor optimum performance. The essential elements of SUPER-E offer you superb performance for greater productivity and
      254 words
    • 103 13 fr Lobster and Fin Special Ijßjß' Steamed Duck with Red Fish with Soya Sweet and Sour Pork Rib Seasonal Vegetable with Mushroom Heng Wah Noodle Daily Dessert Pnce subject to 10% S«rv»ce Charge aryj 3% GST 6 30pm-l 0.45pm MAPLE LEAF Restaurant 390 Victoria Street #01 -01/08, Golden Landmark Shopping
      103 words

  • 555 14 EDITORIAL DISRAELI once said that the practice of politics in the East may be defined by one word dissimulation. Whatever the truth of this, the concealment of motives is certainly the hallmark of Ichiro Ozawa, the man now guiding the course of Japanese politics in truly
    555 words
  • WHAT THE OTHERS SAY
    • 181 14 LIFE. THEY SAY. is an endless learning process. This must be the guiding philosophy of workers today if they are to survive the upheavals from global economic liberalisation and accelerated technological advances that have eroded the permanency of their jobs. Singapore's labour movement understands
      181 words
    • 126 14 THE PARTY is over for Hongkong business. After two years of booming profits, rising residential and office rent, the increase in interest rates combined with the growing local skilled labour shortage is squeezing profit margins here. Alarm bells are not ringing yet, but Hongkong's traditionally friendly
      126 words
    • 198 14 EARLIER THIS MONTH, the Songkran festival came and went. Pleas that revellers remember the drought and enjoy themselves without using too much water to splash away the sin of the preceding year went unheeded as, indeed, everyone predicted they would. It did not make that much
      198 words
    • 175 14 THE WORLD may remember Richard Milhous Nixon as one of America's leading statesmen who helped shape the world, especially during the Cold War period. By strengthening the so-called Pax Americana, Nixon was able to influence international relations by opening up China with his brilliant ping-pong diplomacy while Mao
      175 words
    • 174 14 THE VOID left by Morihiro Hosokawa was filled on Monday when Tsutomu Hata of Shinseito (Japan Renewal Party) was voted in as the new Japanese Prime Minister. On the very night, however, the Socialists the largest faction in the ruling coalition announced that they were quitting
      174 words
    • 120 14 THE GREAT WEIGHTAGE given to assessment under the New Remuneration System (SSB) to determine salary increments and promotions means that it will always be fraught with controversy. Translating a whole years's work performance, attitude, personality, among other measurements, is a difficult enough exercise without the burden of
      120 words
  • 1017 14  -  Paul Krugman says Europe's economic woes are primarily domestic in origin and have little to do with international competition Paul Krugman The writer is a professor of economics ai the Massachusetts Institute of Technology, a member of the Group of Thirty and
    European Economic Perspectives  -  1,017 words
  • Page 14 Advertisements
    • 197 14 BUSINESS TIMES/SUNVIC PRODUCTIONS JOINT PROMOTION I The Gambler' in concert! I I MAY 15,1994 BPM SINGAPORE INDOOR STADIUM I I 9 pairs of $120 tickets and 18 pairs of $100 tickets l| b I Igf I It's a hard act to follow. Kenny Rogers, voted I I "Favourite Singer of
      197 words
  • Page 14 Miscellaneous
    • 89 14 ue Hf\D to sotr Pedal because: Get OM UITH W<>* UJORC, w ~v ue could SGE. I UAS LOSING PT/ LAXV GOOD ro£ NOTHING u*£tH.'.7 tUHCltltOMmNKKtire.lwnM 9)T6 DOONESBURY GARRY TRUDEAU 71 TM GIVING MY MUGHTOZ srrAFEO- BORING'WS HI, THBFB, POC! Ch A TOUR. OF TUB PLANT! COULD I CONTAINS NEARLY6OOQUALITY
      89 words

  • ANALYSIS
    • 2177 15  -  Erich Spitaller. the Hanoi-based senior resident representative of the International Monetary Fund in Vietnam, talks to Harish Mehta about how Vietnam recovered from an economic crisis, and the battles looming large for the economy Harish Mehta Business times: Vietnam is often metaphorically labelled
      2,177 words
  • Page 15 Advertisements
    • 12 15 MAKE THE STOCK MARKET WORKFORYOU with Personal Finance and Investment on Saturdays
      12 words
    • 255 15 The Da Vinci in ladies' and Proceed carefully before One glance at the Da Vinci and you are The gentlemen's model is not without captivated. Its appearance promises its complications. The automatic inner qualities sought in a companion Da Vinci chronograph with its for a lifetime. The object of your
      255 words

  • 589 16 Reuter JOHANNESBURG Zulu chief Mangosuthu Buthelezi threatened to quit South Africa's historic elections yesterday, midway through the poll in which a flood of first-time black voters has stretched voting arrangements to breaking point. The Inkatha Freedom Party leader's threat added
    Reuter  -  589 words
  • 317 16 Reuter RIYADH US President Bill Clinton has leapt into the fray by urging Saudi Arabia to give an American company a US$4 billion (556.4 billion) telephone deal hotly contested by rivals from Canada. Sweden and Japan. US officials said yesterday that
    Reuter  -  317 words
  • 406 16 Reuter WASHINGTON President Bill Clinton will carry out his threat to downgrade China's access to US markets unless Beijing meets his human-rights conditions, a senior administration official said on Tuesday. "Without China doing that that is achieving significant overall progress the president
    Reuter  -  406 words
  • 350 16 Reuter FRANKFURT The German central bank yesterday sanctioned another drop in a key money market interest rate, underlining Bundesbank president Hans Tietmeyer's message that the bank would continue to test the scope for rate cuts. German stocks and government bonds took
    Reuter  -  350 words
  • 838 16  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer is BT's Jakarta correspondent FOREIGN investors, particularly those of Chinese origin, have been given pause for thought in the past week as a labour dispute in Indonesia flared into racial rioting. The unrest comes
    838 words
  • 210 16 Bernama KUALA LUMPUR The British Broadcasting Corporation (BBC) has warned that it will stop news telecast to RTM if the Malaysian station cuts any part of its bulletin. Information Ministry Parliamentary Secretary Fauzi Abdul Rahman said yesterday the BBC
    Bernama  -  210 words
  • 275 16 AFP The Straits Times JAKARTA Indonesian and Vietnamese leaders agreed yesterday to expedite the final drawing up of their eommon border in the South China Sea and the repatriation of some 8.000 Vietnamese boat people. The Indonesians also expressed
    AFP; The Straits Times  -  275 words
  • Page 16 Advertisements
    • 174 16 KAISER KITCHEN SYSTEM Kleinwort Benson Research (Asia) is the wholly-owned subsidiary of Kleinwort Benson Securities, one of Europe's leading stockbrokers and equity research firms. Its regional research headquarters are in Singapore, covering all the stockmarkets of the Pacific Rim from South Korea to Pakistan. Contrary to theconventional country-by-country approach, we
      174 words
    • 124 16 KAISER KITCHEN SYSTEM LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that I. Ong Aik Leong of 16-C HOLLAND GROVE ROAD, SINGAPORE 1027, have applied for a Public House, 2nd Class Licence in respect of premises at OLIO DOME CAFE PTE LTD, 501, ORCHARD ROAD, *03-03 LANE CRAWFORD, SINGAPORE 0923 and
      124 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        43 17 Mixed Market Mmtl bulimics the likely trading sentiment today. t\i\cd on brokers /Milled at 5-ftpm yesterday Owrmght events may alter sentiment brokers /tolled Alliance. Datna. trascr. Ctk (Jolt. Ongco. Phillip. lat lax\ Smith Sen Court. 11/ C'arr and SG M arburg.
        43 words
      • Article, Illustration
        194 17  -  By Teh Hooi Ling Wearne Brothers Ltd has been trading between 54.80 and $4.90 in the last one week. It fell four cents to close at 54.86 yesterday. Short-term technicals do not look good. Yesterday the shares were traded to a high of 54.98 but closed at the
        194 words
    • 455 17  -  By Schutz Lee SINGAPORE Singapore Telecom is the second-largest company in East Asia outside of Japan, and the only Singapore company in the top 20 list in a survey by the Chinese edition of US-based Forbes magazine. Topping the list of
      455 words
    • 326 17  -  Company delayed launch twice in February and March By Joseph Rajendran SINGAPORE Semiconductor firm Sunright's planned initial public offer seems to be in limbo, with no sign of a launch in the near future. The company, which in January announced that the Stock
      326 words
    • 265 17  -  From Ho Kay Tat in KUALA LUMPUR HOPING to gain from the relatively cheap real estate prices in Australia. Malaysian property group Lien Hoe Corp Bhd (LHCB) is buying a John Fairfax property in Sydney for AS 14.8 million (5516.5 million). The company
      265 words
    • 818 17  -  HOCK LOCK SIEW By Agnes Chen SINGAPORE Will Magnum boss Lim Thian Kiat ever manage to scrape the egg off his face? Almost a year after the Malaysian gaming company first said it had entered into a joint venture to
      Source: Bloomberg  -  818 words
    • 336 17  -  By Rahita Elias SINGAPORE National carrier Neptune Orient Lines (NOL) has sold off its 24 per cent stake in Intraco Warehousing (S) (IWS) to Intraco for just Si. According to a joint statement issued yesterdav. NOL will also be repaid
      336 words
    • 102 17 SINGAPORE Singapore Computer Systems (SCS). a subsidiary of listed Singapore Technologies Industrial Corporation. has clinched a USSI.I million (SSI.7 million) systems integration contract in China. The project, with the Network Information Centre of the Chinese Academy of Science, calls for SCS to supply and install
      102 words
    • COMPANIES
      • COMPANY BRIEFS
        • 69 18 SINGAPORE Winfoong Holding (WH) and U-Kwong Holding (UKH) have acquired a new subsidiary. Winfoong China Real Estate (WCREL), with a paid-up capital of HKS2 (550.40) and authorised capital of HKSIO.OOO. The main activity of WCREL. which is currently dormant, is property investment. WH and UKH
          69 words
        • 146 18 SINGAPORE Van Der Horst yesterday told the Stock Exchange of Singapore that the sale of a power barge to East Asia Power Corp last month accounted for $82.6 million of its interim earnings of $111.3 million. About 75 per cent of first-hall
          146 words
        • 110 18 SINGAPORE Amcol said yesterday it has acquired the "remaining 49 per cent stake in Amcol-SEI Warehouse and changed its name to Amcol Warehouse to reflect its 100 per cent holding. Amcol has also increased its stake in Distar Electric Corporation Public Company in
          110 words
        • 90 18 Reuter JAKARTA Indonesia's Jakarta Stock Exchange said that it had from yesterday delisted three companies from the exchange for failing to meet its listing requirements. The companies are PT Pfizer Indonesia, PT Unitex and PT Prodenta Indonesia. The exchange said that after evaluating the number
          Reuter  -  90 words
        • 85 18 Bernama KUALA LUMPUR Pilecon Engineering Berhad and E&E Equipment Sdn Bhd have formed a joint-venture company to set up a pre-mix plant for the purpose of construction and repair of infrastructure facilities in Ho Chi Minh City. The capital investment of the joint venture
          Bernama  -  85 words
      • 435 18  -  By Bernard Chew SINGAPORE Creative Technology yesterday continued to impress both its critics and advocates alike, posting strong earnings of US$2B.O million (5543.5 million) for the quarter ended March 31, 1994. In the same quarter last year, Creative's sales totalled U5574.5 million,
        435 words
      • 327 18 Bernama KUALA LUMPUR Koperasi Usaha Bersatu Bhd (KUB) plans to float two of its subsidiaries on the Kuala Lumpur Stock Exchange soon. Executive chairman Hassan Harun yesterday said the two KUB Microelectronics Sdn Bhd (Kubme) and KUB Development Bhd were established companies
        Bernama  -  327 words
      • 365 18 Bernama KUALA LUMPUR KUB Holdings has raised its stake in Ladang KUB-KEB to 100 per cent following its purchase of a 51-per cent stake from Kumpulan Emas Bhd for M 54.5 million (552.5 million). It previously held 49 per cent in Ladang KUB-KEB.
        Bernama  -  365 words
      • 360 18  -  From Al Labita in MANILA MONETARY authorities will discuss tomorrow a plan to extend financing to Associated Bank which was bought recently by a group led by Malaysia's Westmont Holdings. Up for discussion is a proposal of the state-run Philippine Deposit Insurance Corp
        360 words
      • 505 18 UNIT TRUSTS FUNDS Managers' price* Apr 28 US Or Fund 101 1.05** Singapore Unit Trust UMB Invest Mgt Ltd The Commerce 174 I 83 n,^ nd J The Savings Fund 1.60 168 J n,ho r^ c S pore Prog Fund 073 0 77 I nited Or Fund 67 IJ4 Spore
        505 words
      • 274 18 Bloomberg Business News HONGKONG The territory's largest beer producer. San Miguel Brewery, may sell or redevelop its Hongkong brewery site, opening up the possibility that it could shift production to China. San Miguel yesterday said it was looking at
        Bloomberg Business News  -  274 words
      • 240 18 MBT KUALA LUMPUR The disciplinary action being taken against Mayban Securities Sdn Bhd is due to some outstanding items in its accounts in relation to bank reconciliation and clients and brokers reconciliation. an industry source said. The Kuala Lumpur Stock Exchange had on
        MBT  -  240 words
      • 245 18 Bernama KUALA LUMPUR Advanced Packaging Technology's offer for sale of 2.544 million ordinary shares made available for public subscription was oversubscribed by 95.24 times. MIDFCCS director Darwis Mohamed Daek. speaking at the balloting of the bumiputra portion of the company's shares yesterday, said 147,979 applications for
        Bernama  -  245 words
      • 1776 18 Payment Ex Books Pay date close date ABK Hldgs 5« F 9 Jun 29 Jul 5 Jul 15 Acma F 10 Jun 14 Jun 20 Jul 5 Amtck Eng 20" I 6TE Apr 15 Apr 21 Apr 29 Boustcad 5C I 8.5 Apr ?2 Mav 7 Jun 6 B Kava
        1,776 words
      • 470 19 Bloomberg Business News KANSAS CITY Hallmark Cards Inc on Tuesday said it will acquire RHI Entertainment Inc, the nation's largest made-for-TV movie producer, for US$365 million (***** million) in cash. RHI shares jumped 9'/», or 34 per cent, to 35% after
        Bloomberg Business News  -  470 words
      • 315 19 Bloomberg Business News PURCHASE, New York PepsiCo Inc's fiscal first-quar-ter earnings increased 8.6 per cent, in line with analyst expectations, as the company's international operating profit surged 36 per cent. The beverage, snack food and restaurant giant yesterday reported profit from operations of U*****.8
        Bloomberg Business News  -  315 words
      • 44 19 Reuter STUTTGART, Germany Helmut Herner, managing btiard chairman of German luxury-car maker Mercedes-Benz, announcing the loss of 1.198 billion marks (SSI.IOB billion) in the 1993 net income of the company during a news conference on Tuesday. Reuter
        Reuter  -  44 words
      • 214 19 Bloomberg Business News COLOGNE German chemicals and pharmaceutical giant Bayer AG says first-quarter pre-tax profit rose 18 per cent to 755 million Deutschemarks (***** million) on the back of expanding overseas business. Group sales in the first quarter of 1994 rose 6.3
        Bloomberg Business News  -  214 words
      • 426 19 Bloomberg Business News PITTSBURGH USX-US Steel Group and Bethlehem Steel Corp. the largest domestic steel producers, on Tuesday reported disappointing firstquarter results despite price increases and a sharp rise in shipments and orders. Both companies said they were socked hard
        Bloomberg Business News  -  426 words
      • COMPANY BRIEFS
        • 78 19 Bloomberg Business News HONGKONG Real estate group Allied Properties said its net profit rose 30.3 per cent in 1993. It said it earned HK5575.3 million (S$ 115.9 million), up from HK5441.4 million in 1992. The figures were after taxes and payments to and from
          Bloomberg Business News  -  78 words
        • 84 19 Reuter AUCKLAND Australasian brewing group Lion Nathan Ltd. announcing a 42.2 per cent rise in its first half year net trading profit, said it was looking at mov ing into China but would choose its partner carefully. "We are putting increasing focus within the
          Reuter  -  84 words
        • 82 19 Bloomberg Business News TAIPEI Shareholders of the Formosa Plastics Corp, one of Taiwan's largest industrial companies, at an annual meeting on Tuesday approved a management plan to raise US$35O million (***** million) overseas through the sale of convertible bonds, the company said. Funds raised through
          Bloomberg Business News  -  82 words
        • 45 19 AFP NEW YORK Eastman Kodak, the top US manufacturer of photographic supplies, announced on Tuesday first quarter earnings of US$B2 million against a net loss of US$2.Ol billion a year ago. Per share earnings stood at 25 cents. AFP
          AFP  -  45 words
      • 141 19 Reuter HONGKONG China's Tianjin Bohai Chemical Industry Co Ltd plans to float its shares in Hongkong on May 17 in an offer that will raise HKS4IS million (5583.6 million), securities sources said. "The company will issue 340 million *H' shares for the Hongkong listing
        Reuter  -  141 words
      • 251 19 HONGKONG Chinese computer maker Stone Electronic Technology is launching five new projects this year requiring an investment of USSS million (557.7 million). The company's vice-chair-man, Duan Yongji. yesterday said: "We believe that starting from this year. Stone will undergo rapid expansion." But he declined
        251 words
      • 177 19 Bloomberg Business News HONGKONG HB International Holdings intends to sell 112.5 million new shares at HKSI each to raise HKSIO2 million (5520.4 million) after expenses through an initial public offering. HB International is a designer and maker of telecommunications equipment. The company
        Bloomberg Business News  -  177 words
    • FINANCE & COMMODITIES
      • 493 20 Reuter SHANGHAI Beijing is cracking down on some of its chaotic futures markets, ordering a halt to trading in dozens of commodities contracts in a battle against speculators who are fuelling inflation. Key commodities affected are steel, sugar and coal. In addition.
        Reuter  -  493 words
      • 472 20 Bloomberg Business News WASHINGTON The US Senate on Tuesday passed a measure allowing banks to cross state lines, which would help banks cut expenses, speed industry consolidation and make banking more convenient for customers. In a move that loosens restrictions
        Bloomberg Business News  -  472 words
      • 202 20 SINGAPORE Global financial services company Morgan Stanley Group Inc announced in New York yesterday that it had opened an office in Sydney. its second in Australia, in response to increased demand for its services. Morgan Stanley Group opened its first Australian office in Melbourne in
        202 words
      • 60 20 Reuter KARACHI Pakistani cotton yarn users staging a mock hanging of their colleague during a one-day token hunger strike on Tuesday to press for a total han on exports of cotton yarn, which have adversely affected the yarn's availability in the local market. Prices of yarn
        Reuter  -  60 words
      • 234 20  -  By Soh Tiang Keng SINGAPORE Great Pacific Finance will merge with DBS Finance this year to boost efficiency and cut operating costs. Both firms are part of the DBS Bank group. Great Pacific is a wholly owned subsidiary of DBS Finance, while DBS
        234 words
      • SMALL CHANGE
        • 62 20 Reuter HONGKONG ING Beijing Investment Co Ltd said it was establishing a close-ended fund to invest directly in medium-sized companies in the Chinese capital. ING will place 500 million new shares at HKSI.OB (550.22) each with professional investors to raise HKSS4O million,
          Reuter  -  62 words
        • 85 20 Reuter SYDNEY The Bank of Western Australia Ltd (Bank West). formerly the R I Bank of Western Australia, denied a newspaper report that it was to sell its wholly owned Primary Industry Bank of Australia (Piba). A Bank West spokesman said Piba. which is
          Reuter  -  85 words
        • 99 20 Bloomberg Business News PITTSBURGH USBancorp said its first-quarter profit rose, reflecting higher net interest income and lower provisions for bad loans. The Pittsburgh-based bank holding company had net income of USS3.O4 million (554.73 million), or 64 US cents a share, compared with a profit from
          Bloomberg Business News  -  99 words
        • 55 20 Reuter LONDON The UK financial watchdog said it has imposed a £300,000 (*****,950) fine on Premium Life Assurance Company Ltd after the life insurer admitted a serious breach of compliance regulations. This is the highest fine imposed by Lautro. which polices the Life Assurance
          Reuter  -  55 words
      • 180 20 Bloomberg Business News BRUSSELS Companies should make their trade in derivatives more transparent in their accounts, says Alexandre Lamfalussy. president of the European Monetary Institute. That would give a clearer picture of a company's movement of money and the risks in investing in
        Bloomberg Business News  -  180 words
      • 142 20 THE US dollar opened lower across the board yesterday after comments the previous night by Bundesbank president Tietmeyer that inflation in Germany was still too high. The US unit opened close to its lows of the day against the Ss, at 1.5550-60 with ear- ly
        142 words
      • 188 20 Bloomberg Business News LONDON The dollar fell to four-week lows against major currencies here yesterday amid concern central bank intervention won't prevent the yen strengthening, traders said. "People waiting for the dollar rally hit a pain threshold and got out." said Alfonso Alejo. a trader at Sakura Bank in
        Bloomberg Business News  -  188 words
      • 155 20 Bloomberg ENERGY REPORT LONDON Oil futures prices on the International Petroleum Exchange declined yesterday following a report of an increase in US crude and refined product inventories, brokers said. On Tuesday night, the American Petroleum Institute reported a modest rise in crude
        155 words
      • 85 20 AFP NEW YORK The dollar fell against the major currencies here yesterday in quiet trading with the closing of the financial markets to mark the death of former president Richard Nixon. Around 9:35 am (1335 GMT), the dollar was trading at 1.6735 marks against 1.6765 on Tuesday and
        AFP  -  85 words
      • Article, Illustration
        1631 20 /rath'-xiiflihtl iikir* < uA nluu\l uvain\l S(Mr > hf U Irmliitf pariiiei\ Huh- lew /W US$/S$ forward rates Noon Apr 27 ss BM Offer 1-month 1.5559 1.5574 2-inonth 1.5562 1.5577 3-month 1.5567 1 5582 6-month 1.5571 1.5591 Source: OCBC FOREIGN CURRENCY NOTE RATES As at San an Apr 27 Singapore
        1,631 words
    • COMMODITIES & FUTURES
      • 1359 21 BIMEX RCTOWT Reuter SINGAPORE Simex Euroyen futures ended firmer, supported by strength in the underlying currency and a rise in Japanese government bond futures yesterday. Dealers said the demand for JGB futures was technically driven and followed the June contract's break above 112.0. Euroyen
        Reuter  -  1,359 words
      • 606 21 COMMODITY REPORTS Tin TIN closed one sen lower at MJ 14.30 a kg yesterday, mainly due to poor overseas demand and a prevailing high local premium over the London market, traders said. "It is cheaper to buy in Europe due to lower cash
        606 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 102 21 TOKYO Japan's domestic orders for copper electric wires and cables totalled a preliminary 92,400 tonnes in March, down 2.6 per cent from a vear earlier, according to an industry report released yesterday. But the figure is up 11.5 per cent from February's actual 82,883 tonnes,
          102 words
        • 75 21 ZURICH Nestle, the Swiss-based international food and drinks conglomerate, yesterday said the cocoa market had entered a period of structural imbalance and market shortages. Cocoa prices strengthened in the latter part of 1993 as market participants realised the significance of a third consecutive year of
          75 words
        • 115 21 TOKYO Platinum prices slid in quiet Asia trading yesterday on foreign exchange market movements, despite a bomb explosion that rocked the Johannesburg airport earlier yesterday and gave support to gold. South Africa is one of the world's largest producers of platinum and gold, and
          115 words
        • 55 21 SINGAPORE South-east Asia's soymeal market has been quiet this week, but some traders worried about possible late deliveries of Brazilian origins may be looking to pick up a few spot cargoes for prompt shipment. Malaysia's buyers are covered through May, and those in Indonesia through
          55 words
    • 1489 21 Rubber Singapore Commodity Exdianga (futiirM dwleg m at lp) IBS 1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 94 149.25 149.00 149 SO 20W 600 Jun 150.75 150.00 150.50 275 4.800 Jul ***** 150.50 151.00 150 2.000 Aug 151.50 1.600 Sep 152.00
      1,489 words
    • REGIONAL STOCK MARKETS
      • 1238 22 -9.7 A HUGE arbitrage-related transaction helped swing the Australian stock market into negative territory' at the close yesterday, with bonds also finishing weaker. Traders said the play, brokered by Macquarie Equities on behalf of a single client, dominated trade from mid-morning. Macquarie said the transaction for an unnamed client
        1,238 words
      • 615 22 -0.93pc Manila share prices fell at the close as the market paused temporarily to take profits after three days of gains, brokers said. The Philippine Stock Exchange's index fell 0.93 per cent to 2,840.98 points. Meralco A shares dropped about 2 per cent to 437.50 pesos while B shares,
        615 words
      • 596 22 +31.82 Share prices closed up in active trade on late buying in plastics and papers, but the consolidation between 5,800-6,000 is expected to continue. The index gained 31.82 points or 0.54 per cent to 5,882.98, off a low of 5,805, in active turnover of NT563.06 billion. Brokers saw late
        596 words
      • 417 22 +9.79 Stocks closed higher on the back of a strong blue-chip rebound in the afternoon, brokers said. The composite stock index closed at 897.43, up 9.79 points or 1.1 per cent. Buying interests switched in the afternoon from low-priced issues to blue chips, brokers said. Advances led declines by
        417 words
      • 281 22 +11.17 Stocks rose after brewer Lion Nathan announced earnings in line with expectations and investors saw an improving outlook for forestry stocks. The New Zealand Top 40 capital stock index ended 11.17 points higher, or 0.52 per cent, at 2,141.35. Before the Lion Nathan profit was released just
        281 words
      • 61 22 ■12.11 Indian stocks fell on concerns the overseas telecommunications monopoly would fail to raise as much as planned from a share issue in the United States, analysts said. In Bombay, the stock exchange index fell 12.11 points, or 0.32 per cent, to 3,758.41 and the national index dropped 14.75
        61 words
    • WORLD STOCK MARKETS
      • 685 22 +24.7 STOCKS rose amid a swirl of takeover speculation after Enterprise Oil pic said it might bid for oil company Lasmo pic. The reduction of a key German money market rate also pushed stocks higher on the belief that lower German rates could lead to lower rates throughout Europe,
        685 words
      • 129 22 +16.41 French stocks rose as falling German interest rates had investors betting the Bank of France will move to lower its rates as well to stimulate the French economic recovery. The CAC 40 Index of stocks rose 16.41 points to 2.147.32, pulled higher by financial stocks such as Banquc
        129 words
      • 118 22 +10.18 Swedish shares advanced for the third straight day, reflecting growing investor confidence after market interest rates declined. The 30-sharc OMX Index rose 10.18 points to 1,134.23 with 21 issues closing higher, four unchanged and five lower. White goods maker Elcctrolux AB led gainers on expectations the group will
        118 words
      • 237 22 10.37 German stocks rose in the official session, helped by a cut in the Bundesbank's money market interest rate. Chemical shares rallied on signs of a substantial earnings improvement in the industry. The DAX index of 30 most widely traded German shares rose 0.46 per cent, or 10.37 points,
        237 words
      • 146 22 +15.97 Belgian stocks closed higher as falling short- and long-term interest rates boosted investors confidence, analysts said. The Bcl-20 index of leading stocks closed up 15.97 points at 1,515.96. Yesterday morning, the Belgian central bank shaved its central interest rate by 10 basis points, to 5.60 per cent, and
        146 words
      • 196 22 -86 Italian stocks closed lower as some investors sold to take advantage of the gains they have made after the market soared almost 6.5 per cent during the past three days. The Milan market's blue-chip Mibtcl Index fell 0.7 per cent or 86 points to 12,766. It has risen
        196 words
      • 267 22 -1.1 Dutch stocks closed lower as uncertainty about the future of the government here deterred foreign investors, traders said. The current coalition government isn't expected to win another four-year term at parliamentary elections next Tuesday. The Amsterdam EOE Index bucked the European trend and closed 1.1 points lower at
        267 words
      • 247 22 +15.1 Swiss stocks rose, with financial stocks lifted by a further fall in inflation, traders said. The Swiss Market Index, or SMI, which tracks the top 22 blue-chip stocks, gained 15.1 points yesterday to 2,791.3 points, with 18 stocks rising and four falling. Swiss consumer prices rose 1 per
        247 words
      • 350 22 +5.09 Toronto stocks edged higher in early trading yesterday led by gains in precious metals, real estate and mining issues, traders said. Dealers said the market will continue to focus on results from the current first quarter earnings period. "I think the action will be on the earnings today.
        350 words
      • 677 22 -6.24 Bluc-chip stocks closed slightly lower on Tuesday as investors took profits from the previous day's surge and prepared for the market's closing today to honour former President Richard Nixon. The Dow Jones Industrial Average was off 6.24 points at 3,699.54 after soaring more than 57 points on
        677 words
      • 904 22 Britannia Funds Sterling Cask Bid Offer Mim Cap Deposit U 6-400 )I 6)00 Mint Jene> Gilt 0 IM) 0 IMJ Mim Mat Income *0 4HX) *1 0100 US$ Cash Income Plus f und 9800 10 5100 PS S Resent Fund J 2500 5 2600 Sterling Lqait) Euro Performance 0 4542
        904 words
    • Article, Illustration
      3113 23 Bloomberg Business News HONGKONG Share prices fell in light trading yesterday amid continuing concerns over the outlook for interest rates and real estate prices. The Hang Seng Index of 33 leading stocks fell 215.39 points, or 2.31 per cent, to 9.113.25. Decliners outnumbered gainers 29 to two. Two counters
      Bloomberg Business News; Source: Bridge Info  -  3,113 words
    • Article, Illustration
      550 23 THE CLSA Shanghai B index rose 3.08 points to 717.77 yesterday. The bourse recorded a turnover of USS3.B million. Buying was concentrated in the blue chips. Outer Gaoqiao was the most actively traded stock with a turnover of US$l.2 million. The stock rose 4.4 per cent. Shenzhen narrowed the
      550 words
    • Article, Illustration
      2542 23 Bloomberg Business News TOKYO Stocks rebounded from two days of losses yesterday as a rally in electronics company stocks and expectations that the government would shore up stock prices offset concerns about a stronger yen. Several new Japanese mutual funds aimed at cashing in on a much anticipated multimedia
      Bloomberg Business News; Source: Bridge Info  -  2,542 words
    • Article, Illustration
      1815 23 Bloomberg Business News BANGKOK Stocks rose 0.9 per cent yesterday as investors focused on large finance issues they predicted would post good first and second quarter earnings, analysts said. The Stock Exchange of Thailand Composite Index gained 10.92 points to 1.274.71 with advancing issues leading decliners 153-102. Just 3.7
      Bloomberg Business News; Source: Bridge Info  -  1,815 words
    • Article, Illustration
      1180 23 Reuter JAKARTA Shares closed firmer yesterday in active trading on local and foreign buying of blue chip stocks, traders said. The official index rose 6.81 points to close at 461.73. "The leads came from overseas and helped push up shares of paper and pulp and property companies." one broker
      Reuter; Source: Bridge Info  -  1,180 words
    • 2605 24 MOST ACTIVE volume M Resources 5.678.000 I Jus Hyd SOt 4.7<M.000 FAT® 50c 4.683 000 Mulpha I nil 50c 3.528.000 kamunling 30c 2.262.000 (k>ldcn Plus H 2.149.000 Promd 2.130.000 Bcrjaya Ind 1.802.000 Mwh-PWimc 1.786.000 Innovcsl Bh<l 1.753.000 Kcmayan 50t 1.6")1.000 Johan Hklgs 50c 1.505.000 Bcrjaya Group 1.443.000 MOST
      2,605 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5782 24 Bloomberg Business News KUALA LUMPUR Stocks fell slightly yesterday as trading restrictions on two brokerages choked activity and a disappointing profit forecast by cellular phone operator Technology Resources Industries Bhd drained enthusiasm, analysts said. For a second day, Mayban Securities Sdn Bhd and
        Bloomberg Business News; Source: Bridge Info  -  5,782 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7082 25 MAIN BOARD Transaction date: Apr 27 lit U ,mj Last Val Dav Last Qwtt Nrt N High Low Cum pan) Sale 000) lli K h Lo» Ba>ef S*lkr Or K/t ">"il INDUSTRIAL AND COMMERCIAL 1350 206 I Vmi 440cd -10 73 1010 WO 975 -WO 17 5 **-J» 700 220
        7,082 words
      • 1967 26  -  By Paul Leo SINGAPORE Local shares eased yesterday in the absence of new corporate developments. The Straits Times Industrials Index shed 23.56 points to 2,290.71 on profit-taking, while the BT-MGA slipped 6.30 points to 1.068.01 and the BT Composite fell 22.40 points to
        Source:; Source: Bloomberg  -  1,967 words
  • Page 17 Advertisements
    • 224 17 NEWS VALUE llow today's news might affcct your stocks POSBank to up savings raters by 0.25 point (pg l) Home mortgage rates are likely to go up. Alan Yeo says he has 47pc support lor Wing Ta» offer (pg I) This twist to the saga and the ever-present possibility of
      224 words

  • Page 18 Advertisements
    • 37 18 Ifv We 111 Are in Korea! v -V: "Aft'**' /sS> I K. r Be Sure To Get Your Copy Today! Available at these hotels: Chosun Ramada Renaissance I Universal Publications Agency Ltd. B 54Kyonji-Dong,Chongno-ku Tel: 734-7611 Fax:o2-*****05
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  • Page 19 Advertisements
    • 451 19 f eFmk HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 65 Chulia Street, #19-00, Conference Room, OCBC Centre, Singapore 0104 on 18 May 1994 at
      451 words
    • 319 19 TOLL-FREE TEL. No. 1-<OO-74t-HB3 FAX:74I-12— NOTICE NOTICE IS HEREBY GIVEN that, I ANTHONY D. PARNELL of c/o 85 Mt. Sinai Lane, Greenville Singapore (0127) have applied for a Ist Class Public House Licence in respect of premises at M/s Australia Fare Restaurant at Blk 44, #01-54, Jalan Merah Saga Singapore
      319 words
    • 180 19 Jlp With effect from Ist May, 1994 jflls Baring Brothers Limited I will be located at W* 20 Raffles Place #14-04 Ocean Towers Singapore 0104 Our telephone and facsimile numbers remain unchanged: Telephone (65) *****55 Facsimile-(65) 532 5592 -wmmummJP IN THE MATTER OF THE COMPANIES ACT, CAT 5# AND ACME
      180 words
    • 127 19 TOLL-FREE TEL. No. 1 80Q741-HM PAX:74MtM NOTICE NOTICE IS HEREBY GIVEN that, I WONG HSIEN LOONG of 52, JALAN PUTEH JERNEH, Singapore 1027, have applied for a 2ND CLASS BEER HOUSE Licence in respect of premises at M/s 2ND DRINK S CORNER at 01-113 WORLD TRADE CENTRE, HARBOUR PROMENADE, Singapore
      127 words

  • Page 20 Advertisements
    • 332 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF EDSELA INVESTMENTS PTE LTD (lacorporaled ia the Republic of Siagapore) (In Member! Voluntary Winding-up) At aa extraordinary general meeting of Edaela Investments Pte Ltd duly coaveaed aad held at Level 2, 220 St George's Terrace, Perth,
      332 words

  • Page 21 Advertisements
    • 209 21 B^s^^sni^s TOLL-FREE TEL. No. 1-600-741-1883 FAX:74I-1298 This annoucement appears as a matter of record only PT BANK UTAMA US$2O MILLION NOTE ISSUANCE FACILITY Arranged by AFC MERCHANT BANK Tender Panel Members AFC MERCHANT BANK ARAB RANKING CCRPORAIION (BSC), SINGAPORE BRANCH BANQUE NATIONALE DE PARIS, SINGAPORE BRANCH BRI FINANCE LIMITED UNION
      209 words
    • 39 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday
      39 words

  • Page 22 Advertisements
    • 145 22 I I Please tell me more about the Philips Pocket Memo (model 597) and Dictation System (model 670). H NOW YOUR MEETINGS WILL NEVER END IN MID N? I Company v Mail to: Philips Singapore Pte Ltd. Consumer Products Division, I Lorong I Toa Payoh, Singapore 1231.Td: 350 2519, fax:
      145 words

  • Page 23 Advertisements
    • 139 23 i Convenient, Natural Looking "Grow" New Hairs With Nido 8 Good news for the balding. Using Nido Hair System which employs the revolutionary non-surgical hair V 7 implant method, new hairs can be added onto a balding area with the most natural looking results. Remarkably, the improvement is immediate and
      139 words

  • Page 24 Advertisements
    • 84 24 m /P Every office has them computers, printers, ABAK BY B&B ITALIA. I I J j| 1 I telephones, fax machines, copiers, calcuators. All j ~jj >L;i>-. p demanding easy access to power. B&B Italia has aDBWer l t B P ro^em J tops and wider-than-average POWER STRUGGLE wall offers
      84 words
    • 10 24 f ADVERTISING I I MARKETING I Tomorrow in Business Times
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  • Page 25 Advertisements
    • 100 25 0 Since 1735 there has NEVER BEEN A QUARTZ BIANCPAIN WATCH. And there never will be. Singapore THE HOUK CI ASS lucky PUu 1W *****20/1 Scrtlv TXrl 21Vrt27/7l<* Centrcpoinl T<H 7141 WtVWJI Peninsula Ptau.Trl 117R30W318VJ61 Worid Trade CciMre TW *****07 Palais Kcivaissancc IW *****62/541 KaWlcs. TH *****41 Changi Airport Ifctminal
      100 words

  • Page 26 Advertisements
    • 397 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 BMS SOFTWARE PTE LTD Al an Extaordinary General Meeting of BMS SOFTWARE PTE LTD duly convened and held at 50 Jalan Sultan #1605 Jalan Sultan Centre Singapore 0719 on 22nd April 1994, the following resolution was passed; SPECIAL RESOLUTION: That the
      397 words
    • 330 26 M THE MATTER OF THE COMPANIES ACT, CAP. SO UNIVERSAL STATIONERY COMPANY (PWVATE) LIMITED (In Voluntvy Liquidation) At an Extraordinary General Meeting of the members of UNIVERSAL STATIONERY COMPANY (PRIVATE) LMTED duly convened and held at 10 Lucky Heigtts, Singapore 1646 on the 23 day of Apd 1994, the following
      330 words
    • 365 26 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I ONG TIAN PENG of Blk 714 #17-4016 Ang Mo Kio Ave 6 Singapore (2056), have applied for a Beer House Second Class Licence in respect of premises at M/s Soon Lee Heng Elating House at 1 Sophia Rd #01-46/47 Peace Centre Singapore
      365 words
    • 107 26 Prime 725,000 sq.ft Suburban Commercial Site Johor Bahru A SENAI v\ AIRPORT V /vy v\ ''•ml Xv-/* TAMAN DESA JAVA V JOHOR BAHRU Adjacent to multi-million ringgit 3 tier-interchange. Strategically located at intersection of Tampoi Pasir Gudang Highway and Tehran Kota Ttnggi Highway. Freehold. Expressions of Interest Contact: (07)-*****22 Developer
      107 words

  • Shipping Times
    • 332 27  -  From Al Labita in MANILA PORT authorities have thumbed down the request of an affiliate of shipping giant P&O Australia for an exclusive right to operate a grains terminal. The decision was made during a recent board meeting of the
      332 words
    • 381 27 BANGKOK Exporters came out strongly against the recent decision by shipping lines operating the ThailandJapan route to raise their overall terminal handling charge by 50 baht (SS3) per 20-foot equivalent unit container. According to The Nation on Monday. Viroj Amatakulchai. president of
      381 words
    • 285 27 BANGKOK The Port Authority of Thailand (PAT) reported a rise of 4.58 per cent in operating gross revenue for its two ports in October to January from the same period a year earlier. According to The Nation on Monday, PAT had gross revenue
      285 words
    • 395 27 MBT KUALA LUMPUR Malaysian International Shipping Corporation Bhd (MISC) is evaluating the viability of participating in the shipping venture capital company. Global Maritime Services Sdn Bhd (GMS). on which it is yet to make a firm decision. MISC chairman Raja Muhammad Alias,
      MBT  -  395 words
    • 811 27 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      811 words
    • 382 27  -  By Rahita Elias SINGAPORE The strong growth in containerised shipments through Singapore continued unabated in the first two months of this year. In January and February. Port of Singapore Authority terminals handled nearly 1.55 million 20-foot equivalent units (TEUs) up almost 20 per
      382 words
    • 186 27  -  By Ramesh Divyanathan SINGAPORE The Port of Singapore Authority has won an award from a US university for contributions in the field of transport. The PSA is the first nonUS organisation to win the 1994 Harry E Salzberg Concept Medallion Award, given bv Svracuse
      186 words
    • SHIPS IN PORT
      • 781 28 Vesiel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jumng Port Batam Speed A4894 P01A 28 04 1530 28 04 1630 Saba 34 2 J5 6 alongside 2804 2300 Batam Speed ***** PU1A 2804 0700 28 04 0800 3atam Murni 04 09 94 11
        781 words
      • 2171 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From *o too oiii 29 2000 li 27/1500 27/1659 27 1900 2A 27/1700 28 0659 28 0900 3 28 0700 28 1159
        2,171 words
    • 10048 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. PN: ship calls at Penang after it
      10,048 words
    • 3354 41 •/Vk Containerline NV: Belsin Shpg Agencies Pte Ltd (Sy Marine Handling Mn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (9VAccord Contr Line (PK/PN). AdMs Bwiwu Corporation Philippine: ("'aftource Shpg A Trdg Pte Ltd (S) Ahrenkiel Liner Sen ice: Kim Shpg rtd^(S). Albatros Sen-Air Sen ice: Frata Shpg
      3,354 words
    • 283 41 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express I'nasel Tel: 533-5771 Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. CitvUnk International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Sen ices
      283 words
    • 1502 41 Abex Express Freight Tel: 542-7171. Fax *****84 Actinic Forwarder Tel: 225-1833 Fax: *****42 Activair Singapore Tel: 542-7821 Fax: *****20. Aeroliak Freight International Tel 545-8033 Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18 Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,502 words
    • 2205 42 ALBANIA Dunes: Eight vessels in port of which discharging: 1 gasoline. I bagged urea. 1 general cargo. 2 bagged sugar. 1 bagged Hour. I bulk coke; 1 vessel loading ferro chrome: no vessels in roads awaiting berths. ANGOLA Luanda: City quiet: port quiet with on berthing delays. Lobito:
      2,205 words
    • 721 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA t I D Ports of Calls Port Vjjent Telephone No APRIL 29 29 Renaissance' 2 1130 2030 Port Klang Lines Int'l Holdings 224-2763 Cruise to Nowhere 29 29 Delfin Star 1300 2030 Jakarta-Sin- Ocean Trade Chartering 299-0366 Port Rlang
      721 words
    • 1311 42 SHIP SALES TANKER RATES THERE HAS been a surge of buying activity from the Greek market which encompassed several sectors, including various bulk carriers (such as handy/panamax/cape) and extending to an older VLCC. However. with the onset of both Greek Easter and Japan's Golden Week from April 29. it is
      1,311 words
    • 990 43 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sued stem. Market movements arcindicated. The Cockett Bunker Price Index change and the
      990 words
    • 606 43 Carbon Carbon Apr! 21 Density Water Residue Ash Akirinun Sedment Density Water Residue Ash Aluminium Sadmont M/M M/M Exxon Exxon KG/W3 V/V M/M M/M PPM method KG/M*3 V/V M/M 1 M/M PPM method 60/Cmac Limits Spec E25 991 10 15.0 0.10 30* 010* Eastern USA 180
      606 words
    • 2024 43 THE PACE of business slowed in late trading on the London freight market although freight rates remained firm in the near term, brokers said on Tuesday. The Baltie Freight Index continued on its recent firm path, posting a 17-point increase to 1.371 from 1.354 on Monday, with the
      2,024 words
    • 950 44 The Channel Tunnel, to be officially inaugurated next week, holds hopes of a better understanding between two countries which have been hereditary enemies for centuries Reuter FOR Franco-British relations, the outlook might be described as tunnel at the end of the light. The
      Reuter  -  950 words
    • 864 44 COURSES lltle: Project 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 Tel: For further details/registration contact SIM at 321-1707/321-1824/321-1825 or fax: 321-1416. Title: Management
      864 words
    • AIR AND LAND TRANSPORT NEWS
      • 623 46 AP NICOSIA, Cyprus Arab and Israeli airlines are getting ready for a new era when the Middle East's skies, the scene of savage air battles over recent decades, open up after a regional peace settlement. A comprehensive agreement is still some way
        AP  -  623 words
      • 287 46 Bloomberg Business News FORT WORTH. Texas A US$l77 million (***** million) agreement between the parent companies of American Airlines and Canadian Airlines International does not violate American Airlines' contract with its pilots, an arbitrator ruled on Tuesday.' With less than 24 hours left
        Bloomberg Business News  -  287 words
      • LOG BOOK
        • 61 46 Bloomberg Business News MONTREAL Canada's aviation giant Bombardier announced on Tuesday C 5175.6 million (S$ 198.4 million) in profits against C$ 132.8 million the year before. Profits for the year ending Jan 31, which amounted to C 51.12 a share against 85 cents a
          Bloomberg Business News  -  61 words
        • 81 46 Bloomberg Business News LONDON The Finnish government said on Tuesday it wants to cut its stake in Finnair Oy to 50.1 per cent and is seeking parliamentary approval to do so. the Financial Times reported. The government holds 72 per cent of the national
          Bloomberg Business News  -  81 words
        • 83 46 Bloomberg Business News MEXICO CITY German automaker Baverische Motoren Werke AG (BMW) said on Monday it plans to invest two billion new pesos (*****.3 million) in Mexico as part of its expansion plan for the Americas. BMW plans to build an assembly plant
          Bloomberg Business News  -  83 words
        • 103 46 Anex-Antara JAKARTA The Jakarta City administration will allow the operation of 1,000 new wide-bodied public buses in the capital in view of the increasing demand for public transport. "These wide-bodied buses are expected to start serving the public in Jakarta this year, to gradually
          Anex-Antara  -  103 words
      • 553 46 Aim is to create common vehicles for the world market to avoid duplication FT LONDON Ford, the world's second-largest vehicle maker, last week threw down the gauntlet to its rivals in the auto industry. For the first time in its history it is seeking
        FT  -  553 words
      • 424 46 Reuter SAN JUAN, Puerto Rico US and Japanese carmakers are eyeing one of the last virgin markets in the Western Hemisphere Communist Cuba. Officials with Ford Motor Co, Chrysler Corp and General Motors Corp say the Big 3 automakers are planning strategy and
        Reuter  -  424 words
      • 511 46 AFP SEOUL Samsung, South Korea's most profitable conglomerate, this week defiantly revived its years-old bid to produce passenger cars, facing a desperate fight from local competitors arguing that competition will hurt. "Our entry is certain to enhance international competitiveness of South Korea's
        AFP  -  511 words
      • 1739 46 Qty Fl» ETA |TD_ C*j Fl»> CTA Fid* E1B Abu Dhabi GF146 1120 GF147 1850 GA985 1435 Cawpliw SQ803 2045 SQ804 1145 AMaMa QF81 1925 QF82 2055 Ha—I VN741 1310 VN740 1410 SQ228 1955 HatyaJ MI893 1810 MI894 1430 Amterdam KL843 0505 KL838 2300 TG407 2120
        1,739 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 460 28 TSKUNE AGENCIES (S) PTE. LTD. f 'I 1 |7 V TWTV7 Tel; 226-3363 1 •3tl\« UJ\Hr Fax: 226-1972/3 t3cfr-r-7 w Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I EXPOBTS TO HONCKOHC. MAHILA. TAIWAN t lAPAH "TWICE WEEKLY" 1 ■OBTBOWO TOT PHI PEN KT SW HI Wi MO
      460 words
    • 1621 28 DWtCT TO U«A WIBT COUT (»CX-«PO»« CALLOW* IWWII I TO «*«T MtMTKAHtJW ffWl COHTA—« MBVICtI I »gn iwn u ow iai g« on houstor cwc wt iiko wssei wy no Stat mi nn* btnme' •uimom* im- rr w bewt* i»n«w w» i»l CAIIFORNM I UNA v6b 4 5 215 23
      1,621 words

  • Page 29 Advertisements
    • 2433 29 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHO. TEL: *****13 FAX: *****42 PETALING JAVA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL: *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CUSTOMER SVC TEL: *****92/*****91/*****93 P.GUDANG
      2,433 words
    • 2006 29 U. S. A. /CANADA 3 TIMES A WEEK SL VOYAGER V.212E ETA SIN 2ND MAY 1994 METTE MAERSK V.9404 ETA SIN 3RD MAY 1994 AXEL MAERSK V.9408 ETA SIN 4TH MAY 1994 Vessel Voy ETA ETO FeeOeced by s destinations This week METTE MAERSK V 9404 r k 1.8 JIH
      2,006 words

  • Page 30 Advertisements
    • 1685 30 AQABA R OAM/1 il ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA HOECHST EXPRESS 14 316 30/4 9/5 16/5 16/5 21/5 23/5 25/5 Pofl Ke)ang p e nang DANUBE 13/117 4/5 21/5 24/5 22/5 Pasir Gudang STUTTGART EXPRESS 03/317
      1,685 words
    • 675 30 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Ooqharun) C.1.5./RUSSIA: Vottochny, Vladivostok. Moscow. I Baku, Tashkent, Irkutsk. Alma Ata, Ashgabad. Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Hongkong V 2124 03/5 13/6 Ned Africa V.2134 10/5 09/6 Bunga Pelangi
      675 words
    • 1194 30 I NORASW SEA MACEDONIA 417W 04/05 25/05 28/05 29/05 30/05 31/05 01/06 02/06 03/06 05/06 NOR ASIA Al MUNTA7AH 9418 3 11/05 01/06 04/06 05/06 06/06 07/06 08/06 09/06 10/06 10/06 I NORASM SAMANTHA 9419 3 18/05 08 06 11/06 12/06 13/06 14/06 15/06 16/06 17/06 17/06 I NORASIA SUSAN
      1,194 words

  • Page 31 Advertisements
    • 1385 31 M STRAITS SHIPPING PTE LTD AfPff 10 Hoc Chiang Road #11-01 Keppd Towers JMI MM I i> 020* Tol: *****08 Fax: *****17 NEW GUINEA PACIFIC LINE TOjfiv (A SERVICE OF CHINA NAVIQATION CO) CMGO OUC SAILS STRAITS PR« VO6E Mu»J. Lab. KK bl Port 29 Apr FCL. LCt CONTAINER AMO
      1,385 words
    • 3250 31 SINGAPORE AGENT: MXtCI I AtltoillAfC P&O Containers (Singapore Agencies) Pte Ltd ■Pf: 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 ■r*- s T\ Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 fT> CR Number: **********0Z EXPORT IMPORT VESSEL VOV •PKQ SIN SOU ANT ROT HAM
      3,250 words

  • Page 32 Advertisements
    • 629 32 ifA EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE [~ho cmmwH city pager Ihamo^howk/piwect HEHHY HOC 2HM24 TrwM/mw4 MUM CHAM iltmi MBM—I MAMOJ I1lf" H TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE i @umi.naw»» CENTER-POINT I Utt& 7 LINES i TOR DOT Clt STOW HOT ET> HOE '*■g»™
      629 words
    • 1780 32 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FM VSI SM lIK HAUL SH (i 101 FM HI 5 I Lit HAUL SAV IM HTC HAfUN SEATTLE 03* 30 4 WttCT 19/5 20/5 21/5 HAMN SEATTLE 0331 30 I M PROGRESS 032E 2/t
      1,780 words
    • 1384 32 —if J -J.jj .T^qri^ Im mp use wc uc rus ai on ki k iro iu h h k im mm ni nr ik ps cw nu scr I GUHKOM 29/4 3/5 »/i l/S 9/S H/S 11/S 12/S 13/5 M/S 2S/S 7/« ft 10 i 2*l 21/ C 22/« 21/1
      1,384 words

  • Page 33 Advertisements
    • 2450 33 1 I 'OOCL HOPE 31W' ETA SGP 01/05/94 II I BB I ETA RDM 17/05/94, FLX 18/05/94, H H I BRE 20/05/94, LEH 22/05/94 I EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC —US GULF MIDWEST USEC CANADA 1 VESSEL VOY LOS OAK VAN SET I ITL ((<. ILL
      2,450 words
    • 1240 33 I A I MULTILINE SHIPPING PTE LTD 7 ■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
      1,240 words

  • Page 34 Advertisements
    • 1555 34 /i K- 44_ —99 AS AGENTS "K" LINE (SINGAPORE) PTE LTD <CR NO: **********0 M GST REG NO: M 2-*****99-6) B TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 IkT MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHO I U ■■V TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6
      1,555 words
    • 1114 34 @APPENSHIP HAMBURG VTvy"** CONVENTIONAL INDEPENDENT LINER SERVICE V EUROPE TO SOUTH EAST ASIA AND FAR EAST ttSSEIS LOADING PORTS DtSCHAXGE LOADING FOR SUMMER HAM 20/03 SPORE IN PORT PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 02/06 4 KOALA CONTAINER LINE i STORE FIX HAM RIM LEH BARBAROSSA
      1,114 words

  • Page 35 Advertisements
    • 927 35 PACIFIC INTERNATIONAL LINES (PTE) LTD] jggSS* l4o Cec street PIL Building, Singapore 0106. I K tm CR NO **********0E I VESSEL VOY SIN CMS JIB JEO AQJ AOE HOD PZU ASA KOTA WIRAWAN WRNO4I 2/5 7/9 13/5 IS/S 18/5 24/5 29/5 1/6 ■7 KOTA BERANI BRNOO3 10/5 14/5 20/5 24/5
      927 words
    • 970 35 VtSSttS VOY U HAW HAMBURG 1 HAASS ROIUMMM ANIWCRP HAHSA CMM** RO3W 01/05 23/05 2V05 2</05 27/05 25/05 Wit PC CMIW CO3W 07/05 »/05 31/05 01/06 02/06 04/06 VHU Ot SAGIITA SO3W 10/05 01/06 03/06 04/06 05/06 07/06 Will O'AQM.A AO3M 10/06 12/06 13/06 14/06 16/06 •ALSO ACCEPTING CARGO TO
      970 words
    • 576 35 M MYANMA five star line (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KI( Pen P.Gdg MA NO AL AY V44W SID In Pt MAWI AMYMt V64W IN PT MERGUI VI23W 02/04 May PAGAN V2O9W 30/02 May HPA-AN V2O2W 05/07 May MALAYSIA AGENTS BOUSTEAD SHPPWG AGENCCS Ml TEI 03 *****00
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  • Page 38 Advertisements
    • 1232 38 /WIMORBULKV i ffwmw 1 I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I T rnwi< cc J I TIMBER AND PLYWOOD SERVICES ■■KiivTHnKnnnriTCVfsrcsH rri ir i I ADAMASTOS 6/5 S*M FIU/ANT/NAN/UK L/ii^iii^'MTynnHTOEnM I SP PKLOADING FOR J I NORBULK TBN 30/4 DBN/EL I I I I ALSO LOADS
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  • Page 39 Advertisements
    • 639 39 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 01/5 ROTTERDAM 02/5 AARHUS/COPENHAGEN 01/5 HAMBURG/BREMEN 01/5 MARSEILLE/FRANCE 03/5 FELIXSTOWE/UK 01/5 BARCELONA/SPAM 02/5 LEHAVRE/FRANCE 02/5 GENOA/ITALY 02/5 ANTWERP/BELGIUM 02/5 LOS ANGELES/WC/IPI 01/5 SYDNEY/MELBOURNE 20/4 NEW YORK/EC 01/5 FREMANTLE/ADELAIDE 29/4 VANCOUVER 04/5
      639 words
    • 1023 39 I— 1 f W— a =F 1 VESSEL vov sm PEN »««ABHUM <M Fri 28/4 Tin 3/5 DEJA BHUM 45M Fri 1 «<4 St 30/4 ■I VESSEL VOY SIN WtK BHATRA BHUM *78 S.t 30/4 Ty 3/5 ~~Z jT~~ M ■j VWABHUM ISN_ Fri 29/<T Mon 2/5 J WANA BHUM
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    • 738 39 f NATIONAL EXPRESS B—J FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX: *****58 EAST/WEST MEDITERRANEAN LCL CONSOL via BARCELONA to:- LISBON*PORTO*LEIXOES*CASABLANCA*ZARAGOZA*VALENCIA*BEIRUT*LIMASSOL* ALGIERS*TUNIS*ALEXANDRIA*LATTAKIA*LAS PALMAS»TENERIFE*MADRID*ORAN* BILBAO*SFAX*SOUSSE.~AND OTHER MAJOR MEDITERRANEAN DESTINATIONS. ALL MAJOR SPANISH COASTAL/INLAND DESTINATIONS. WEEKLY CONSOLIDATION/SUPER RATES!!! HOTLINE: *****86 (8 LINES)
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  • Page 40 Advertisements
    • 1754 40 pjkflMN CONTAINER LINES, INC bAZ/VvMAgents: MAC-NELS SPORE: *****22 (24 LINEB) UV VUc/R Noc IaowTSOOOM SIBU (064) *****9 KUCHINQ (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOfI/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 3/5
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    • 208 40 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD UA UA ll* SPOM rant KEIMK rtMM «U» lUK IS LoddMHi '«i Mik KUVM Hint) I s a«j loadwj 'oi Bonbdi oanw 24 ft < loading fot NU» nottl* SUPRtMI 1 b loading foi Mate UMCIDH 6 S loadirg fw PHOGMSS LMRir
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    • 1143 40 JL THONG SOON LINES PTE LTD 1 I /W\ 78 SHENTON WAY #10-01, SHGAPORE 0207 I W\y TEL: 227-5088 FAX: 227-6011 I V TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL VOY SPORE PEST EQUATOR 111 120/4E 29 APR KUCHING
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  • Page 44 Advertisements
    • 469 44 VESSEL VOYAGE SINGAPORE MANILA VIGOUR LUZON 9418N 29/04 (FRI) 07/05 (SAT) VIGOUR PACIFIC 9418 AN 03/05 (TUE) 07/05 (SAT) VIGOUR ATLANTIC 9418N 06/05 (FRI) 11/05 (WED) FRI AND MSO OPTIMA 9401N 10/05 (TUE) 14/05 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I GENERAL SANTOS DAVAO CEBU KRUSCHINA 9401E
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  • Page 44 Miscellaneous
    • 683 44 TODAY'S TIDES (hqjfrt m 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 2380 ft 33 3.2 2.8 2.2 1.5 0.8 0.4 0.2 0.2 0.4 1.0 1.9 2.5 2.7 2.8 2.5 2.0 1.4 1.0
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  • Page 45 Advertisements
    • 825 45 i MERCHANT MARINE COLTP. WESTBOUND TO EUROPE BKG: *****61 PHA* PKE* PGP* VESSELS VOY I SIN RTM ANT* LEH* HAM Bttt FEL 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 28/05 30/05 2S/05 21/05 31/05 11/05 13/05
      825 words
    • 508 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VISSII *5? 5 M Hue M RMSHW *3» JO 4 l/l ]/l MM 1/1 SIHI MACOVA Ml IN FT IMU UH *3 l/S l/l OUTBOUND VESSELS 10AMN6 FOR TOKYO COSMIC LEADER V 44 SP t/i PK 4/5 LOADING FOB
      508 words
    • 1031 45 OtSSEL VOY sm ETA/D LAX OAK CHI DAL MEM/COL HOU ~NYC "nOR MACKINAC BRPGE 76A 05-06/05 22/05 24/05 25/05 26/05 26/05 27/05 27/05 28/05 ALLIGATOR TRIWPH 54A 12-13/05 29/05 31/05 01/06 02/06 02/06 03/06 03 06 04/06 GEORGE WASHNGTON BRPGE 78A 19-20/05 05/06 07/06 08/06 09/06 09/06 10/06 10/06 11/06
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