The Business Times, 12 May 1994

Microfilm: NL19380
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times MITA(P) 010/12/93 Thursday May 12 1994 WE KNOW ASIA 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon Dow down 19.93 points
      56 1 Reuter NEW YORK Wall Street stocks lost ground yesterday as investors took profits. In the broader market, declining issues led advances 12-7 on trading of 153 million shares on the New York Stock Exchange at Ipm EDT. The Dow Jones industrial average was down 19.93 points
      Reuter  -  56 words
    • Article
      Lock icon Fortune 500 companies see 28pc profit rise
      42 1 AFP NEW YORK Profits for the 500 leading US service companies rose 28 per cent in 1993 to U5593.7 billion (S$ 145 billion). Fortune magazine yesterday said the rise was the sharpest in five years.
      AFP  -  42 words
  • Article
    MARKET SUMMARY
    163 1 Stock market indices Wednesday Change STII 2,261.22 +26.52 KLSEComp 1,008.67 +9.19 Nikkei 20,150.13 +232.35 Hang Seng 8,906.16 +366.07 SET Index 1,235.76 +7.76 Jakarta Comp 465.53 +2.49 CLSA China B 980.7 -3.85 Aust All Ord 2,034.6 +26.4 FTSE 100 3,130.50 -5.80 Wednesday Previous 2pm close Dow Jones 3,636.48 3,656.41
    163 words
  • Article, Illustration
    Lock icon l0 pc fall in CPF property transactions in first quarter
    392 1  -  By Sylvia Wong SINGAPORE The private residential property market got oIT to a quieter start this year, going by latest figures from the Central Provident Fund Board. The board said yesterday that the total of 2,616 applications from members to
    Source: CPF  -  392 words
  • Article
    HDB to resell 3-room flats at discount to lower-income buyers
    538 1  -  By A J Leow SINGAPORE The government has taken the unusual step of asking the Housing and Development Board (HDB) to buy up some 2,000 3-room HDB flats in the open market and resell them to lower-income buyers at a
    538 words
  • Article
    $1.4b withdrawn from CPF investment accounts
    242 1 SINGAPORE Singaporeans withdrew a total of Si.4 billion from their CPF investment accounts in the first three months of 1994 after taking out a record 53.44 billion in the final quarter of last year. Statistics released by the Central Provident Fund Board yesterday showed
    242 words
  • Article
    S'pore, Taiwan joint 3rd on Ben's list
    496 1  -  By Anna Teo SINGAPORE Singapore and Taiwan are joint third behind Switzerland and Japan in US-based Business Environment Risk Intelligence's latest assessment of investment climates worldwide. While Singapore retains its 1993 third-place position and 76-point score. Taiwan has dropped one point and slipped
    496 words
  • Article
    Bank Negara to lift interest rate ruling on vostro accounts
    449 1  -  Banks' statutory reserve ratio to go up one percentage point From Ho Kay Tat in KUALA LUMPUR BANK NEGARA will lift a ruling ihat has effectively forced banks to charge interest on vostro, or ringgit. accounts held by foreigners. The
    449 words
  • Article
    Bundesbank slashes rates; move seen as coordinated plan to support US$
    450 1  -  From Neil Behrmann in LONDON THE German Bundesbank surprised financial markets yesterday with a sharper-than-expec-ted cut in two leading interest rates, immediately pushing up the US dollar on the currency exchanges. The central bank cut its discount rate to
    450 words
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      199 1 *.`-_+:?>,{{<<\|^{/>^<%|`/[`^.* CONTENTS News Companies S'wxeNews 2 S'pore-Wsia .19.20.21 Regional News 3.4.5 Financial 23,24 World News /.8.10 Features Markets Analysis 17 Clob/KLSE. SES 28 30 Editorial 16 Regional 26 Sports 11 World ..27 TV/Lifestyle 13 Currencies .24 Law 15 Sunex/Comino ...24.25 Subscription Tel 1800 *****77 Fa* *****/5 BT Newsdesk Tel *****18
      199 words
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      7 1 Law: Pg is The law Down Under
      7 words
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      21 1 Hock Lock SI A aims to keep ruling the skies tl S'porc workforce still tops, widens lead over Swiss, Pg 2
      21 words
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      100 1 The Bottom Line: pr is The real mirk begins in S Africa The Seiko Chronograph lets you keep perfect time 4 f during the day. iV?Q-7QQO SG ■S«l> Oiurikmimr A Srrwrr Cmn thong Sia CO (S) PTE LTD 30 Bide ford Road »4flo Thongsia Bldg Singapore 0922 Tel 737-6122 tmomg
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      11 1 My Ilunettes How much should US short-term rates rise, Pg 18
      11 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Business liquidity seen tightening
        303 2  -  By Ven Sreenivasan BUSINESS liquidity appears to be tightening, going by the Central Provident Fund (CPF) default rate for the first quarter. figures released yesterday by the CPF Board showed that 1.45 per cent of the 104,054 CPF-registered bosses were late with CPF eontributions for their
        303 words
    • Article
      S'pore workforce still tops, widens lead over Swiss: Beri
      288 2 THE Singapore workforce is still tops, and has widened its lead over the Swiss in Beri's 1994 labour force rankings. The Republic has also, in Business Environment Risk Intelligence's latest survey, moved one up to 14th in the technical skills rating,
      288 words
    • Article, Illustration
      Tremors send hundreds rushing out of offices in city
      176 2 TRLMORS, believed to have been caused by an earthquake in Indonesia, sent hundreds of people out of their offices in the city area in Singapore yesterday. A spokesman of the Kuala Lumpur Meteorological Department said the earthquake was reported in Indonesia's
      176 words
    • Article, Illustration
      Tech Semiconductor named one of two top chip plants
      396 2  -  By Claire Leow TECH Semiconductor, the US$33O million (SSSII million) joint venture between the Singapore government and three multinational corporations, has just been named one of two top chip plants of 1994 by Semiconductor International, a respected US trade publication. The
      396 words
    • Article
      Three charged with fraud involving $2.5 m in shares
      439 2  -  By Abdul Hadhi A CIVII. servant, a businessman and a stock broker were charged separately in a District Court yesterday with a total of 28 counts of fraud involving shares worth about $2.5 million. Bail for civil servant Chan Hock Chye,
      439 words
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      Page 2 Advertisements Column 1
      89 2 Prolect Your Computer Investment. Buy An Epson. EPSON Great expectations. A sure-fire way to maintain your consistency. Kspecially when the great expectations come from people who know more than a thing or two ahout cleanliness, good manners anil impeccable service. wre talking ahout the lady executives who patronise our humhle
      89 words
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      230 2 M 10 0. 2 Developers hail j relaxed home ownership laws Scares t laws I. pSSrB Make the SMART MOVE for 1994! Be amongst the first to be at Batam centre the new financial, government and commercial heart of Batam. And with the impending relaxation of home ownership laws in
      230 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon KL companies face stiff competition in post-Gatt market: study
      382 3 Bernama SHAH ALAM Malaysian companies will find it difficult to compete in the post General Agreement on Tariffs and Trade (Gatt) market given their current technology portfolio, says a study by the Standards and Industrial Research Institute of Malaysia (Sirim). Sirim
      Bernama  -  382 words
    • Article, Illustration
      Highway boon to Penang manufacturers
      325 3  -  By Claire Leow PENANG The North-South Highway which opened in February has become an important new artery for this northern Malaysian state. Besides unleashing a deluge of tourists from around the country and Singapore, the highway has facilitated the movement of labour and goods to
      325 words
    • Article
      Lock icon Indonesia, Thailand, M'sia to discuss growth triangle
      212 3 Reuter JAKARTA Indonesia, Malaysia and Thailand will meet next month to discuss expanded private sector cooperation in their so-called growth triangle. Indonesia's Coordinating Minister for Industry, Hartarto, yesterday said the third ministerial meeting of its kind on the triangle linking Indonesia's northern Sumatra,
      Reuter  -  212 words
    • Article
      Lock icon Philippines plans uniform 5pc tariff rate by 2001
      155 3 AFP MANILA The Philippines is considering phasing in a uniform 5 per cent tariff rate for all imports by 2001, ending the present multi-level system of between zero and 50 per cent, the presidential palace said here yesterday. Under the plan, tariff
      AFP  -  155 words
    • Article
      Lock icon Indon security agency to get involved in solving labour disputes
      347 3 AFP JAKARTA Indonesia's internal security agency is to get involved in efforts to solve labour disputes in a bid to prevent the conflicts from spreading and degenerating into violence, press reports said here yesterday. The Coordinating Agency for the Strengthening
      AFP  -  347 words
    • ASIA NOTES
      • Article
        Lock icon Agency investigates sale of car
        95 3 The Straits Times KUALA LUMPUR The Anti-Corruption Agcncy (ACA) is investigating Lord President Abdul Hamid Omar following allegations of impropriety in the sale of his ear to Malaysian tycoon Loy Hean Heong. Law Minister Syed Hamid Albar told Parliament yesterday that the ACA had received
        The Straits Times  -  95 words
      • Article
        Lock icon Kancil car output to start in July
        67 3 Bernama KUALA LUMPUR The second Malaysian national car "Kancil" is expected to be on sale about two weeks earlier than the original target date of September this year, its manufacturer announced yesterday. Ho Tet Kheong, director of Perodua Manufacturing Sdn Bhd, said production
        Bernama  -  67 words
      • Article, Illustration
        Lock icon Ali checks out Viet MIA office
        63 3 Reuter HANOI former world heavyweight boxing ehampion Muhammad Ali sharing a light moment with Vu Chi Cong, head of the Vietnamese Missing-in-aetion (MIA) office, during a meeting in Hanoi yesterday. Ali (formerly Cassius Clay) was stripped of his world heavyweight title after refusing to
        Reuter  -  63 words
      • Article
        Lock icon Viet PM visits Myanmar
        61 3 AFP YANGON Prime Minister Vo Van Kiet of Vietnam arrived here yesterday on an unpreeedented official visit that the official Myanmar media said was destined to enhance friendship and cooperation. Mr Kiet is the first Vietnamese head of government to make an official visit to Myanmar
        AFP  -  61 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Call for faster reforms in China
        101 4 UPI BLUING A top Chinese leader called yesterday for the acceleration of reforms in social security, housing and labour laws amid escalating labour disputes in factories and an increasing gap between rich and poor. Li Tieying, chairman of the state commission for restructuring economic
        UPI  -  101 words
      • Article, Illustration
        Lock icon Retracing Osaka-Shanghai route
        60 4 Reuter SHANGHAI The Akogare, a replica of boats which used to carry passengers between Japan and China in the Tang dynasty, sailed down the Huangpu River yesterday past Shanghai's newly finished television tower. The 365-tonne sailboat Irom Osaka arrived in Shanghai to take part in the 20th
        Reuter  -  60 words
      • Article
        Lock icon Yuan devaluation may lift gold demand
        83 4 Knight-Ridder SYDNEY A devaluation this year of China's currency, the yuan, could lift Chinese demand for gold, according to Gold Fields Mineral Services Ltd analyst Kevin Crisp. Mr Crisp said there may be pressure, particularly toward the end of the year, for a further
        Knight-Ridder  -  83 words
      • Article
        Lock icon New British ambassador in China
        80 4 Reuter LONDON Britain on Tuesday appointed veteran diplomat Len Appleyard as its next ambassador in Beijing. Mr Appleyard, who replaces the retiring Sir Robin McLaren, will take up his new appointment in September, the Foreign Office said in a statement. The 55-year-old Appleyard, who is
        Reuter  -  80 words
    • Article
      Lock icon China plans land reclamation to boost agricultural output
      198 4 AP BEIJING China plans to reclaim and upgrade millions of hectares of poor arable land to help ensure it can continue feeding its 1.2 billion people, an official newspaper said. Zhang Qiaoling, an agriculture ministry official, told the China Daily that China
      AP  -  198 words
    • Article, Illustration
      Lock icon US lawmakers urge end to annual China trade quandary
      562 4 Reuter WASHINGTON Leading lawmakers have urged President Bill Clinton to demonstrate leadership in US relations with China and put an end to the annual wrangling over Beijing's trade status. At the same time, the White House was pressing the search for
      Reuter  -  562 words
    • Article
      Lock icon Gatt chief says China's entry by year-end possible but difficult
      358 4 Bloomberg Business News BEIJING China's goal of rejoining the General Agreement on Tariffs and Trade (Gatt) before year-end is possible but will be a "difficult task", said Gatt chief Peter Sutherland. Mr Sutherland, who arrived in Beijing on Monday, said
      Bloomberg Business News  -  358 words
    • Article
      Lock icon Cathay Pacific forced to take hard line in pilots' pay row
      494 4 Reuter HONGKONG Soaring costs and tough competition are forcing Hongkong-based carrier Cathay Pacific to take a hard line in its pay row with pilots, even though profits will be hit if a strike is called, analysts say. Cathay, bedevilled
      Reuter  -  494 words
    • Article
      Lock icon Shanghai B shares fall as investors watch MFN, economic data
      434 4 Bloomberg Business News SHANGHAI Shanghai B shares fell yesterday, with investors keeping one eye on China's economic indicators and another on its trade relationship with the United States. "There's still uncertainty over MFN as well as China's inflation figures," said
      Bloomberg Business News  -  434 words
    • Article
      Lock icon Mahathir backs Beijing's resistance to Western pressure
      279 4 AFP AP BtIJING Malaysian Prime Minister Mahathir Mohamad yesterday offered strong support for the Chinese government's resistance to Western pressure to change its social and political policies. "China needs the strong government that it has. It may be authoritarian, but it is better
      AFP; AP  -  279 words
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      224 words
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      69 words
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      227 words
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  • REST OF ASIA
    • Article
      Lock icon Keating rules out immediate rise in interest rates
      537 6 Bloomberg Business News CANBLRRA Australian Prime Minister Paul Keating has defended key economic forecasts in the federal Budget just unveiled and denied that official interest rates will be increased to finance the Budget if the estimates are wrong. "I don't think there
      Bloomberg Business News  -  537 words
    • Article
      Aussie Budget worries some Asian investors
      478 6  -  From Florence Chong in SYDNEY ASIAN businessmen and bankers gave mixed reactions to the 1994 Australian Budget, with some saying it will be business as usual and others warning of a rethink in investment decisions. The concerns stem from a view that the Budget
      478 words
    • Article
      Lock icon Markets rally despite concern over Budget
      277 6 AFP SYDNLY Australian financial markets yesterday rallied in the wake of an ambitious Budget despite concern that Treasurer Ralph Willis' forecasts might be too optimistic. Mr Willis said on Tuesday that Australia's Budget deficit would fall 13.7 per cent in the 12 months to
      AFP  -  277 words
    • Article, Illustration
      Lock icon Melons to beat the heat
      59 6 Reuter NEW DELHI A young boy selling watermelons on a New Delhi street on Tuesday as temperatures in the Indian capital soared above 40 degrees Celsius. The watermelons sell for three rupees (550.13) per kg, affordable by even poor Indians who suffer most from the
      Reuter  -  59 words
    • Article
      Lock icon Hata Cabinet gets 47pc support
      146 6 AFP TOKYO Forty-seven per cent of eligible voters support the new Cabinet of Prime Minister Tsutomu Hata's minority government, in contrast to the 71-per cent backing for his predecessor's Cabinet one month after he took office. A poll published by the Mahi newspaper yesterday said
      AFP  -  146 words
    • Article
      Lock icon Hyundai waits for funding green light
      311 6 Reuter StOUL South Koreans are waiting to see if the retirement of the Hyundai Group's legendary founder Chung Ju Yung ean persuade the government to lift its "invisible" finaneial sanetions on the group, analysts said. Hyundai is now pushing ahead with long-standing finaneing programmes
      Reuter  -  311 words
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      121 words
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      111 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Breaking up is hard to do
      874 7 Developments in China's telecommunications industry HONGKONG The reorganisation of China's Ministry of Posts and Telecommunications (MPT) is finally underway. The State Council has agreed to the separation of the Direc-torate-General of Posts and the Directorate-General of Telecoms (DGT) into two state corporate enterprises. The
      874 words
    • Article, Illustration
      Lock icon Boon for foreign telecoms companies
      663 7 HONGKONG Can China afford all the telecommunications equipment it wants to install between now and 2000? The general consensus is no at least not by itself. Its goal is to quadruple its public switching capacity from 1993's 25 million to 100 million by the end
      Source: Telecoms Research Project/ITU; EIU; Source: Telecoms Research Project, EIU  -  663 words
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      40 7 The articles are reprinted from the May E issue oj Business China Supplement. a special report hy The Economist Intelligence Unit (Asia) Ltd lirFfj When High-Tech Companies jI need personnel, hi 7,, The Straits Times If[y they plug mto APPOINTMENTS
      40 words
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      138 7 ~ln ~~Me tw American Express Bank Ltd. is pleased to invite entries for its eighth annual international economics and finance essay competition. PRIZES US$7O,OOO in awards, including the USs2s,ooofirst prize WINNERS from 26 countries in the first 7 years INDEPENDENT JURY Karl Otto Pohl, Lord Roll of Ipsden, Yusuke Kashiwagi,
      138 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Don't lend to Russia: German experts
        90 8 Reuter BONN Several leading German eeonomie research institutes on Tuesday warned against any further credits to Russia, saying economic collapse there was accelerating. The three leading thinktanks Berlin's DIW, the Kiel Institute for the World Economy and the Halle institute said in a report
        Reuter  -  90 words
      • Article
        Lock icon Russia, Eli reach trade accord
        81 8 Reuter BRUSSELS Officials from Russia and the European Union have reached a partnership and cooperation accord to improve trade links, a Euiopean Commission spokesman said yesterday. The agreement, set to go before EU foreign ministers next week, contains provisions to liberalise market access in areas
        Reuter  -  81 words
      • Article
        Lock icon Bright outlook for US semiconductors
        96 8 Reuter SAN FRANCISCO The closely watched book-to-bill ratio for the US semiconductor industry came in much better than expected, said Hambrecht Quist analyst Mel Phelps. The ratio rose to 1.14 in April from 1.13 in March, the Semiconductor Industry Association said. "It's a stunner," said
        Reuter  -  96 words
      • Article
        Lock icon Sixth Czech bank under supervision
        95 8 Bloomberg Business News PRAGUE The Czech government, faced with a deepening crisis in the nation's banking system, said it would help protect the depositors in a regional bank. The largely state-owned Ceska Sporitelna will take over deposits from AB Banka. a regional bank in Mlada
        Bloomberg Business News  -  95 words
      • Article
        Lock icon US$ 6.3b pulled out of Mexico
        100 8 AFP MEXICO CITY Investors have pulled out more than US$6.3 billion (SS9.B billion) from the Mexican stock market since the start of the year, when a period of instability was ushered in with a rebel uprising in the south. The stock exchange reported on
        AFP  -  100 words
      • Article
        Lock icon Defendants acquitted in wine fraud trial
        62 8 Reuter BAD KREUZNACH, Germany Germany's biggest trial for wine fraud ended yesterday with acquittals for six defendants accused of mixing their stocks with contaminated Austrian wine. A local court in the south-western wine-growing state of Rhine-land-Palatinatc accused prosecutors of twisting evidence in an eight-year
        Reuter  -  62 words
    • Article
      Lock icon Britain's industrial output down 0.6pc in March
      234 8 AFP LONDON Britain's industrial output fell 0.6 per cent in March from February, while manufacturing production fell 0.5 per cent over the same period. Provisional seasonallyadjusted figures from the Central Statistical Office (CSO), released yesterday, showed that over the previous year, industrial production
      AFP  -  234 words
    • Article
      Lock icon IMF chief sees room for more interest rate cuts in Europe
      415 8 Bloomberg Business News MADRID The director-gen-eral of the International Monetary Fund, Michel Camdessus, said he sees further room for interest rate cuts in Europe. despite rising rates in the US. "I think that whatever the developments in North America.
      Bloomberg Business News  -  415 words
    • Article, Illustration
      Lock icon Israel must sort out political problems before expanding economic ties: SM Lee
      438 8  -  From Agnes Chen in JERUSALEM ISRAEL has to iron out its political problems before it can get on with the business of expanding economic links, Senior Minister Lee Kuan Yew told a gathering of Israeli businessmen yesterday. "I
      Photo by Chew Seng Kim of The Straits Times  -  438 words
    • Article
      Lock icon Clinton seeks money to finance Gatt tariff loss
      400 8 Reuter WASHINGTON President Bill Clinton says US budget rules make it hard to win congressional approval of a global trade agreement but he will work with lawmakers to find US$l3 billion (SS2O billion) needed to pay for the paet. Budget rules require
      Reuter  -  400 words
    • Article
      Lock icon South Africa seeking re-admission to Commonwealth
      254 8 Reuter PRETORIA President Nelson Mandela said yesterday he was applying immediately for South Africa's re-admission to the Commonwealth of Britain and its former colonies. "We arc immediately applying for re-admission to the Commonwealth because that is in the interest of our country and we
      Reuter  -  254 words
    • Article, Illustration
      Lock icon Revamp govt finance to avoid debt trap, S Africa urged
      286 8 Reuter JOHANNESBURG South Africa needs to restructure government finance to avoid falling into a "debt trap". Ernie van der Merwe, head of the Reserve Bank's department of economics, yesterday proposed this after an investigation on behalf of the Economic Policy
      Reuter  -  286 words
    • Article, Illustration
      Lock icon Berlusconi's conservative coalition sworn in
      375 10 Reuter ROML Silvio Berlusconi, the media magnate who shot to political power in less than three months, has formed a coalition that brings the hard right into Italy's government for the first time since World War 11. "The Berlusconi government marks the end of the
      Reuter  -  375 words
    • Article
      Lock icon Italian markets looking to govt for direction
      358 10 Reuter MILAN After six weeks of waiting. Italian markets have already largely discounted the formation of Silvio Berlusconi's government. What investors desperately want now are facts, figures and action, analysts say. The stock exchange is seeking swift confirmation that measures aimed at lifting
      Reuter  -  358 words
    • Article
      Lock icon Most voters believe Major should quit now, poll shows
      450 10 Reutcr LONDON An opinion poll published yesterday brought more bad news for British Prime Minister John Major, struggling to keep eontrol of a divided party before next month's European Parliament elections. The poll said more than half of voters and a
      Reutcr  -  450 words
    • Article
      Lock icon Heart attack? Use a toilet plunger instead of standard CPR
      247 10 Reuter CHICAGO Using a toilet plunger to revive people who suffer cardiac arrest may be more effective than the standard cardiopulmonary resuscitation (CPR), according to an abbreviated study published on Tuesday. The technique discovered accidentally by a son untrained in
      Reuter  -  247 words
    • Article, Illustration
      Lock icon Swiss struggle to shake off money laundering image
      433 10 Reuter ZURICH The anonymous numbered account is gone, money laundering is now illegal and international regulators recently praised Switzerland on its new tough approach to criminal money. All this made the Swiss think they had finally shaken off their reputation as bankers
      Reuter  -  433 words
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      174 8 Sin gaporeans will soon fina it takes 3V 2 h ours to SAVE MONEY. Ail it takes to save money is a 3V$ hour drive up north. Now Hotel Equatorial K.L. is inviting you to enjoy a special rate* on ROOMS EITHER ON A SINGLE OR TWIN SHARING BASIS. THE
      174 words
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      Page 9 Advertisements Column 1
      609 9 I THE I Next to Katong's East Coast Park Lagoon, I I I I at a rare waterfront location. I I I Phase 3 open for sale now. I I I I I Do not miss out on this exceptional opportunity. I I 1 I 1\ 1 I I I
      609 words
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      791 10 ADVERTISEMENT mm RENAULT I fW Hni mfaprmmtwm EXKLUSIY CENTRE: 1 Übi Rd 4, Singapore 1440. Tel: 741 3333 Leng Kee Showroom: 19 Leng Kee Road, Singapore 8315. Tel: 474 1111 TWINGO's going places. Mlilli The dhoor plo&surd Paris to Sydney in 5 months. nrm ijfiSg* by anyone who Already a
      791 words
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  • SPORTS
    • Article, Illustration
      Lock icon Two welcome victories inspire season
      679 11  -  Goir Daly and Seve share in common an ability to evoke passion and create great theatre, writes Larry Dormana Larry Dormana NYT AT LAS T, just when the formlessness of the 1994 season threatened to spread into summer torpor, we have two signal golf occurrences
      NYT  -  679 words
    • Article
      Lock icon Australian batsman calls it a day after 16 years
      224 11 Reuter SYDNEY Australian cricket captain Allan Border, the world's most prolific batsman, yesterday declared an end to his international career after 16 years and a world record 156 test matches. But his retirement was marked by controversy as Border criticised his
      Reuter  -  224 words
    • Article, Illustration
      Lock icon Courier has his way
      61 11 Reuter ROMK Jim Courier taking on Libor Memecck of Czech Republic on Tuesday here in the Italian Open tennis championship. Courier won 6-3, 6-3 easily. Andre Agassi fought to survive and Pete Sampras cruised into the second round. Agassi beat Tomas Carboncll 4-6, 6-1, 7-5 in
      Reuter  -  61 words
    • Article
      Lock icon Lack of goals threatens Charlton's Irish miracle
      731 11 WorldCupUSf\34 Countdown to the World Cup Reuter DUBLIN Their clubs read like a Who's Who of the royalty of English soccer Manchester United, Liverpool, Arsenal, Aston Villa. The manager's name also has a ring of class Jack Charlton, who savoured the ultimate success
      Reuter  -  731 words
    • Article
      Lock icon Malone scores 25 as Utah beats Denver 100-91
      548 11 NBA Playoffs AP CHICAGO Karl Malone scored 25 points as Utah offset Denver's shot-blocking Dikembc Mutombo with sharp perimetre shooting and beat the Nuggets 100-91 on luesday night in the opener of a Western Conference semifinal playoff series in Salt Lake City.
      AP  -  548 words
    • SPORT SHORTS
      • Article, Illustration
        Badminton
        62 11 JAKARTA I homas and I her Cup badminton Wednesday lhomas Cup: Denmark lead Thailand I-0. Thomas Stuer-I.auridsen ht Sompol Kukascmkij 15-4. 15-7. Malavsia lead South Korea 1-0. Rashid Sidek ht Kim llak Kyun 18-13. 15-8. I her Cup: Denmark lead Sweden 1-0. Camilla Martin ht l.im Xiaoqing 11 -K.
        62 words
      • Article, Illustration
        Basketball
        27 11 NKW YORK NBA Conference semifinals Tuesday K astern: Atlanta 85 Indiana 96 (Indiana leads hest-of-seven series I -0). estern: Utah 100 Denver 91 (Utah leads 1-0).
        27 words
      • Article, Illustration
        Lock icon Cycling
        171 11 Reuter BI.ACKSBI KG, Virginia Italy's Oscar Pcllicioli bolted away from a climbing quintet with three kilometres left to claim the sixth and longest stage of the lour DuPont race on Tuesday. Viatcheslav Fkimov of Russia remained the race's overall leader, but watched his advantage dwindle to a mere second
        Reuter  -  171 words
      • Article, Illustration
        Ice hockey
        28 11 NKU VOKK Stanley Cup Western Conference semifinals Tuesday: San Jose 5 Toronto 2 (San Jose leads best-of-seven scries 3-2); Vancouver 4 Dallas 2 (Vancouver wins 4-1).
        28 words
      • Article, Illustration
        Lock icon Soccer
        160 11 AP Bl KSOS MRUS, Argentina The Japanese government is expected to decide this week whether t< grant \isas allowing Argentine star Diego Maradona and C laudio Can iggia to enter the country. Maradona and Caniggia hope to travel with the Argentine national squad to play in the Kirin C
        AP  -  160 words
      • Article, Illustration
        Lock icon Squash
        107 11 AFP ISLAMABAD World No I Janshcr Khan of Pakistan will skij the Asian Matchplay Championship in New Delhi this month hecause of the security risk caused bv tense relations between the twe countries. In an interview in Karachi's daily Dawn yesterday. Janshci said he wanted to play in New
        AFP  -  107 words
      • Article, Illustration
        Lock icon Tennis
        142 11 AFP BERLIN L *****.000 German Open Ist rd lucsda>: Barbara Rittnor (Ger xls) bt Larisa Neiland (Lat) 6-4 6-3; Sabine Hack (Gcr x 9 bt Nicole Muns-Jagerman (Neth 6-4 6-1; Brcnda Schultz (Neth xl 1! bt Sandra Cecchini (Ita) 6-4 6-3: Silvia Farina (Ita) bt Lubomira Batschcwa (Bui) 6-1
        AFP  -  142 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      239 11 «Aw llkll PRIX^ 1 SUNPffITMAY22 TB3QAM 1 HATIOWAL STAPIIIH WEST IHTRAWa aoiwo pati rom hniium» mat m 1 <g# pMZfc in****"** 1 Froe Bus Shuttle an May 22: Necr City Hal MKT station JL-m i.2 s-OOO* I* (North Bridge Road between Bras Basalt Road end —^^9Brfwdtoodfrom&ls«i-S'san^^^ Register personaly at any
      239 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      347 12 M Nothing Beats A Bud. BM OF FRESPfI .PASTA 9DAI LY. W From Pasta Fresco. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Fresco Da Salvatore Pit Ltd k 30 Boat Quay. SIOIO4I
      347 words
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      Page 12 Advertisements Column 2
      354 12 '-"f' iSz/i Chuan and Cantnnr.r.r. flciffo.t I i': jipii In May. feast on a special selection of traditional favourites and mouthwater ing delicacies in our Sze Chuan Cantonese Buffet that will surely keep IiSR! you coming back for more m\ Lunch buffet (12noon to 2 30pm) < S 16.80++ (adult)
      354 words
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      Page 12 Advertisements Column 3
      386 12 WHERE TO WINE, DINE AND ENTERTAIN ipMCflii/y £ka- aW" Why not make your next corporate function a mix of business and pleasure? Hold it at our corporate room in Singsation. Singapore's first theme karaoke lounge at the Plaza Hotel. <U<X*TC'V Plaza Hotel I•I BI Milt m n" Let Us Make
      386 words
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      Page 12 Advertisements Column 4
      321 12 mi in A. T I II K Cll A T T K R I) X 13 22 May 1994 4 chefs from la Lai Sherafon have made a come back due to popular demand Don t miss this opportunity to savour authentic Taiwanese dishes during the food promotion Buffet lunch
      321 words
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  • LIFESTYLE
    • Article, Illustration
      I can't help falling asleep
      659 13  -  Shahiron Sahari was at Tuesday's ÜB4O concert in Singapore and describes how reggae, with its sheer monotony, can make one nod off Shahiron Sahari THE SECRET of ÜB4o's success is fairly obvious seek out some pop classics, reggae-fy them and unleash it onto a reg-gae-hungry
      659 words
    • Article, Illustration
      Lock icon Wind beneath her wings
      641 13  -  Gareth Jones speaks to Jung Chang, whose autobiographical account of modern China has topped the best-seller lists in over a dozen countries Gareth Jones Reuter JUNG CHANG may be one of the world's bestselling authors but she still seems taken aback by her rapid rise to
      Reuter  -  641 words
    • Article
      Lock icon Barrymore ends it in months
      335 13 CHATTERBOX Reuter Reuter AP LESS than two months after they were married, actress Drew Barrymore filed for divorce from her Welsh-born husband on Tuesday, citing "irreconciliable differences." Barrymore, 19, who ironically starred in the 1984 movie Irreconciliable Differences about a child who sues her parents
      Reuter; AP  -  335 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      55 13 An Unbeatable Vfelue! Enjoy an assortment of fresh Sushi and California Roll accompanied with Seafood Teapot Soup and Japanese pickles. Also includes a complimentary Bud light/Bud Dry. I Smhl A Bu«rt «t $28 tho tvaflabteTl **VA WWW BSWJWNI r*mrntmtl.mm*m—v. IS2 Harelock Road Singapore 0116 Tel: *****22 tax: *****14 LAW PAGE
      55 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1190 13 TV RADIO J Revenge the Nerds 8 30pm. When Nerds Lewis Skolnick jy HJ I f (Robert Carradine) and his -niV ijl I friend Gilbert (Anthon\ Ld- jj wards) arrive at Adams College A v Hv p they are immediately spurned SA by the 8.M.0.C.'5. (Big Men on Campus), led
      1,190 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon Foolproof tracking of business calls
      806 14  -  Yen Sreenivasan examines a digital voice-logging system that meets the special needs of the financial sector Ven Sreenivasan MARK Twain once said: "The difference between the right word and the almost right word is the difference between lightning and the lightning bug." That quote is
      — Photo by Arthur Iajc  -  806 words
    • Article
      Pay by Visa at remote spots with new radio network
      223 14  -  By Sean Ang SOON, visitors to the more remote tourist spots such as the outer islands of Indonesia and the Philippines will be able to use their Visa card there too. Visa and Metricom Inc recently announced an accord to
      223 words
    • IT TAKES
      • Article
        The tiles that bind
        49 14 SINGAPORE Mapci of Italy has launched a new high-com-pressive strength ceramic tile grout for both wall and floor installations. Grout is the thin mortar used between tiles. With Ultracolour, tiles are ready for foot traffic within three to four hours. Ultracolour comes in 24 colours.
        49 words
      • Article
        Sound way to clean contact lenses
        72 14 SINGAPORE Traditional contact lens cleaning methods can be time-consuming. There is also a risk of scratching the lenses through rubbing. Visonic Dome, the first ultrasonic contact lens cleaner, has been designed to solve these problems. The lenses are first put into an electrical device
        72 words
      • Article
        Lock icon Doorbell for pets
        63 14 NYT WASHINGTON Cats that live in houses without pet doors or dogs that are too big for such doors can now ring for an owner to let them into the house. The Pet Entrance Pager is a claw-proof metal brace that slips onto the base of a
        NYT  -  63 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      173 14 4 tmalaysia MASkargo's warm service keeps the mosi sensitive passengers ever so bubbly throughout every journey. On a fleet including the latest 747-400s, 747-400 Combis and 737-300 ft/I A ClfOrflA Freighters. To over 90 destinations across 6 continents. In place, in time, intact. IVI r\O (VdIUU For enquiries please contacl
      173 words
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      Page 14 Advertisements Column 2
      115 14 This announcement appears for the purpose of record only May 1994 I TELEDATA The Architect of I Voice and Data Communications I TELEDATA (SINGAPORE) LIMITED I (Incorporated in the Republic of Singapore) I Invitation 16,000,000 New Shares of $0.10 each comprising:- I (i) 12,000,000 Offer Shares at $0.50 for each
      115 words
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  • THE LAW PAGE
    • Article
      The law as it is practised Down Under
      1988 15  -  As more S'poreans invest in Australia, Benny Tabalujan points out the need to familiarise themselves with the lawyers and legal system in the country Benny Tabalujan The writer has practised law in Melbourne and is currently a lecturer in law at the
      1,988 words
    • Article
      Tips for clients
      256 15 Find out which law firms are experienced in handling your type of transaction. Obtain this information from your Singapore lawyer and others who have used Australian law firms. Ask several law firms to quote their fees for your transaction. Ask how their fees are computed. A reasonable
      256 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      60 15 E n MtraMkes ven if you are Businessta in Taiwan, we can still bring you Jsffi our latest news. man I We are now in Taiwan Grand Hotel Brother Hotel Spl Lii Lai Sheraton Magnolia Hotel yMjjgjt'VVeP <* Taipei Hilton Hotel South Asia Publications (Taiwan) i v. 3/F, No. 726,
      60 words
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      Page 15 Advertisements Column 2
      42 15 Direct From The U.S.A. The Chicago Jazz Machine Featuring Starlet El, vocals; Nina Ott, piano; Jeff Hill, bass; Ted Sirota, drummer. ,v' m i x JS*r %,-V %/\t a I I y soulful, x f I\mn I I shimmering, sensual. Monday to
      42 words
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  • Article
    Clinton's Asian malaise
    533 16 EDITORIAL AS LEAKS go, it was a remarkable one that slipped out of the US State Department late last week. An internal memo by Assistant Secretary of State Winston Lord, addressed to his boss Warren Christopher, found its way into the Washington Post. Mr Lord, the Clinton
    533 words
  • WHAT THE OTHERS SAY
    • Article
      No return to communism
      235 16 THli SUCCESS of the socialists in the first round of Hungary's general election adds that country to a list of Central and East European nations where, apparently, people are looking back to the totalitarian systems they overthrew recently. Any impression of political regression must for now
      235 words
    • Article
      A paying scheme
      129 16 THE Singapore Islamic Religious Council (Muis) has come out with an ingenious plan to maximise the almost inactive excess funds of mosques kept in fixed deposits: channelling them into the development of wakaf properties. The plan would certainly meet two objectives: activating the use of mosque funds,
      129 words
    • Article
      Stop being bossy, Uncle Sam
      186 16 HOW SHOULD the US re-examine its policy towards Asia? From Tokyo to Beijing, Jakarta to New Delhi, the US has had a quarrel with Asia-Pacific countries almost everywhere. The problem lies not with the Clinton Administration but with errors made in policy execution. Also, the
      186 words
    • Article
      Impose conditions appropriately
      164 16 WHETHER we like or not. we will have to live with the reality that human rights protection in its broadest terms will eventually be stipulated as a condition not only for official aid but also for loans from such multilateral aid or lending agencies as the ADB,
      164 words
    • Article
      A chance to clean up Chart Thai
      165 16 THE Chart Thai Party's decision last Saturday to conduct an inquiry into the drug trafficking allegations made against one of its MPs, Thanong Siripreehapong. by the US Drug Enforcement Administration (DEA) represents a step in the right direction to clear up this scandal.
      165 words
    • Article
      Time to close shop
      157 16 WITH THE closure of more tir. mines, no thanks to the depleting ore deposits coupled with unattractive prices, the significance of the mining industry to the economy has dwindled further. Production of tin-in-conccntrates plunged from over 30.000 tonnes in 1987 to only a third of this
      157 words
  • Article, Illustration
    Could Joe and Joan Public bail out John Major?
    1017 16  -  Neville Stack discusses the case for and against using a referendum to decide on thorny aspects of the UK's integration into the European Union Neville Stack The writer is a political commentator based in London. He w rites regularly for B
    1,017 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      292 16 fTor over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other I 11 l[ publication. Some may call it an unfair advantage. W I 11\ /I We at Singapore
      292 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      55 16 1 Ifeoop LORD (TGLLVOU IZY\F\I DZCPIN) (yXA«?e'S me RjDGe°) weuP rot-*) \IA"T£R Rtf A chat... f To o- -V s, M^M fes r Vr 1 DOONESBURY GARRY TRUDEAU fROM MAYiz.l974. H W (rushina. in) Excuse JfT 4 TftJ^Rrribv^f^^ ization me, Mr. President, but r /tj.li r.-uii sasfessffisr Msass^ L 1
      55 words
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  • ANALYSIS
    • Article, Illustration
      Cola-dollars slake Cambodia's thirst
      1280 17  -  Harish Mehta, recently back from Cambodia, reports on the bruising beverage war there between major brewers and bottlers for a slice of the market. In the accompanying piece, he examines how the competitors are similarly slugging it out in Vietnam Harish Mehta VINCENT ONG, brewer of
      1,280 words
    • Article, Illustration
      Battle for Vietnam fizzes over
      820 17 IT TOOK the Vietnamese fewer than 100 days from the lifting of the US embargo in February to grant investment licences to Coca-Cola Indochina Ltd (CCIL) and Pepsi-Cola International to invest in bottling plants. The approvals, given during the last two weeks, opened the way
      820 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      135 17 Totally ceramics: the new Rado 'Sintra'. Simply captivating! The new Rado 'Sintra' with its avant-garde design, lustrously brilliant platinum-like look and the uncompromising use of an exceptional material: scratchproof, enduringly beautiful high-tech ceramics. But it's when you put this watch on that you really get to know it: cool, smooth
      135 words
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  • Article
    US-Asean meeting highlights growing economic ties
    541 18  -  From Leon Hadar in WASHINGTON US Assistant Secretary of State Winston Lord has admitted to problems in AsianAmerican ties but promised to pursue the differences through quiet diplomacy. Citing tensions with China over human rights, the trade disputes with Japan, and conflicts over workers'
    541 words
  • Article
    Lock icon US distances itself from Kantor's remarks on hosting of WTO meeting
    449 18 Reuter WASHINGTON The State Department on Tuesday distanced itself from a statement by US Trade Representative Mickey Kantor that Singapore should not host a major trade summit after the caning of an American teenager. In what some Washington analysts
    Reuter  -  449 words
  • Article
    S'pore welcomes US State Department's statement
    122 18 SINGAPORE The Ministry of Foreign Affairs yesterday said it welcomed a statement from the US State Department that the US has not yet taken a position on Singapore's bid to host the first meeting of the World Trade Organisation. An MFA spokesman said: "We
    122 words
  • Article
    Lock icon Germany makes 150m-mark offer to house WTO
    251 18 Bloomberg Business News BONN An application to make Bonn the scat of the new World Trade Organisation (WTO) will cost Germany 150 million deutschemarks (SSI39 million) in the next decade if it is successful, the country's Economics Ministry said. The German cabinet yesterday
    Bloomberg Business News  -  251 words
  • Article, Illustration
    Lock icon Sponsors up in the air
    35 18 Reuter BKIJING A cyclist taking a look at balloons suspended over Beijing's China World Hotel advertising the sponsors of a conference on China's economy and role in world trade. Reutei
    Reuter  -  35 words
  • Article
    Lock icon India tightens rules on tapping foreign capital
    263 18 AHP NLW DLLHI The Indian government set rules and limits yesterday for companies tapping foreign capital markets following the failure of a USSI billion Luro-issue by its overseas telecom monopoly. The finance ministry said it had decided to follow a "restrictive policy" towards
    AHP  -  263 words
  • Article
    Lock icon Europe emerging from recession but unemployment stays high: EU official
    431 18 Reuter BRUSSELS The European Union is starting to aeccleratc out of its economic recession but unemployment will still stay stubbornly high. Economic Affairs Commissioner Henning Christophersen said yesterday. Outlining the commission's latest economic forecasts, he said growth in the European
    Reuter  -  431 words
  • Article, Illustration
    South Africa — now the real work begins
    646 18  - South Africa now the real work begins The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY the writer is an associate foreign editor at H/* NOW that Nelson Mandela has finally been sworn in as South Africa's first democratically elected president, the real bargaining about that country's future is about to begin.
    646 words
  • Article
    Lock icon Russian budget approved
    124 18 Reuter MOSCOW The Russian parliament, despite some resistanee by reformers, approved key targets for the 1994 budget yesterday that were generally in line with the mainly-centrist government's proposals. "If we are not going to push this government into resignation, then let's let it work." hard-line nationalist deputy
    Reuter  -  124 words
  • Article
    Lock icon Wall Street divided over how much US short-term rates should rise
    661 18 The Washington Post WASHINGTON When Federal Reserve policy-makers meet next week virtually everyone on Wall Street expects them to raise short-term interest rates for the fourth time this year. The question is: By how much? Rumour after rumour about
    The Washington Post  -  661 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Liang Huat Aluminium planning main board listing next month
      374 19  -  By Ven Sreenivasan SINGAPORE Locally based aluminium cladding contractor Liang Huat Aluminium is believed to be preparing for a main-board initial public offer next month. Sources have told Business limes the float will be priced below a dollar. Going by past
      374 words
    • Article, Illustration
      Lock icon One in 14 small investors will be allotted Teledata shares
      393 19 SINGAPORE The 70,545 applicants who applied for up to nine lots of Teledata shares have a one-in-14 chance of success. But successful applicants in this category will only be allotted 1,000 shares each. Some 61 per cent of all Teledata's
      — Photo by Arthur I>ee  -  393 words
    • Article
      Over 50pc of SSL residential project sold at launch
      227 19 SINGAPORE More than 50 per cent of Straits Steamship Land's latest residential project. The Courtyard, was sold at a launch on Tuesday. The development, in Lim Ah Pin Road ofT Upper Serangoon Road, was popular with residents in the Serangoon and
      227 words
    • Article
      S'pore Airlines stands to benefit as economies emerge from turbulent skies
      758 19  -  HOCK LOCK SIEW By Dexter Lee SINGAPORE Every airline around the world has tasted the bitterness of recession in the major economies since the turn of the decade. They have watched in horror as yields spiralled downwards, depressed by
      758 words
    • Article
      Genting shares rise on bonus issue, GIPHL plan unveiled
      396 19  -  From Ho Kay Tat in KUALA LUMPUR THE share price of gaming giant Genting Bhd firmed M 52.50 to M 530.50 yesterday after it announced a long expected one-for-two bonus issue. About 854,000 shares changed hands. Genting Bhd also held a
      396 words
    • Article
      Lock icon Bank Negara sells entire MISC stake to pension fund
      153 19 Bernama KUALA LUMPUR Bank Negara has divested its entire interest of 29.34 per cent in Malaysian International Shipping Corporation Bhd to Kumpulan Wang Amanah Pencen. With the disposal of the 220.05 million Msl shares, the pension fund's equity interest in the
      Bernama  -  153 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        44 19 Firm Market Mood' indicates the likely trading sentiment today, based on brokers polleil at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Barings. IXnwa. OK Ooh. Kay Hum. Phillip. lat Lee. Smith .Vc« Court, il l Carr and SO Warburg.
        44 words
      • Article, Illustration
        HOT STOCK
        132 19  -  -By Quak Hiang Whai Technology Resources Industries extended its recent losses with another 50 sen fall at MS 10 yesterday on a volume of 2.48 million shares. Having drifted downwards from near MS 15 earlier this year, TRI is well into the oversold region with interesting buying signals
        132 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon Landmarks to buy S Africa site
          111 20 Bernama KUALA LUMPUR Landmarks Bhd proposes to acquire 6% ha of land near Johannesburg, South Africa, for 38 million rand (Ssl6 million) to be developed for commercial residential and/or industrial purposes. A Landmarks statement said yesterday the purchase would be funded by proceeds from
          Bernama  -  111 words
        • Article
          Sembawang confirms Tat Lee sell-off
          27 20 SINGAPORE Sembawang Investments yesterday confirmed it has sold 8.06 million shares in Tat Lee Bank for $35.8 million, or $4.43 a share.
          27 words
        • Article
          Guthrie seeks trading suspension
          27 20 SINGAPORE Guthrie GTS has asked for suspension of trading of its shares, warrants and loan stocks from today, pending release of an announcement.
          27 words
        • Article
          MPH appointments
          33 20 SINGAPORE Clement Chia and Alec Lim Kim Tiang have been appointed directors of MPH Distributors, MPH Publishing and MPH Magazines. Mr Chia has also been appointed a director of MPH Bookstores.
          33 words
        • Article
          UIC rights issue gets nod
          34 20 SINGAPORE Shareholders of United Industrial Corp Ltd have approved a 20-for-100 rights issue with three free warrants. The move is subject to approval by the Stock Exchange ol Singapore.
          34 words
        • Article
          Eco Resources lifts paid-up capital
          43 20 SINGAPORE Econ Resources, a wholly owned Malaysian subsidiary of Econ International, has increased its paid-up share capital from Msl million (*****,000) to Msl.s million. It has also increased its authorised share capital, from Msl million to Mss million.
          43 words
      • Article
        Lock icon Consolidating KL market hits some rights issue proposals
        549 20 MBI KUALA LUMPUR The spell of consolidation on the Kuala Lumpur stock market is beginning to affect some of the rights issue proposals, which have seen an erosion of the margin between the share prices on the open market and the proposed
        MBI  -  549 words
      • Article
        TRI calms stunned investors after smaller profit forecast
        447 20  -  Reports from Ho Kay Tat in KUALA LUMPUR FOR MLR stock market star Technology Resources Industries has told fund managers not to worry after it forecast a 1994 profit less than half what the market expected. TRI shares have slumped from around
        447 words
      • Article
        Soft market unlikely to hit Eurobond issue
        211 20 TECHNOLOGY Resources Industries' US$4OO million (Ss62o million) Eurobond issue would not be afTected by the soft equities market, a banker said yesterday. Ilyas Khan, managing director for equity corporate finance of Union Bank of Switzerland, said investors would see TRI in a good
        211 words
      • Article, Illustration
        Lock icon Chips of contention
        40 20 Reuter TAIPEI Davis Yeh, technical manager of Tainan's United Microelectronics Corp, displaying the new 486-compatible microprocessor chips here on Tuesday. UMC unveiled its chips despite the possibility of a copyright dispute with market leader Intel Corp. Reuter
        Reuter  -  40 words
      • Article
        Int'l Factors banks on regional network for growth
        123 20 SINGAPORE International Factors (Singapore) will look to the region for growth, chairman Herman Hochstadt says in the company's just-released annual report for 1993. "Factoring joint ventures in Indonesia, Malaysia, the Philippines and Thailand are contributing increasingly to profitability." International Factor's four associate
        123 words
      • Article
        Lock icon Berjaya puts aside US$ 100m for China investments
        198 20 MBT BLIJING Berjaya Group has allocated US$lOO million (S$ 155 million) for direct investments in China. So far it has invested in property residential, commercial and lei-sure-related and in a manufacturing plant. Bcrjaya's chief executive officer Vincent Tan yesterday said the group
        MBT  -  198 words
      • Article
        Lock icon Nasdaq listing adds flavour to Berjaya's roast-chicken venture
        457 20 The Star KUALA LUMPUR Berjaya Group Bhd. which recently bought a 23.7 per cent stake in Florida-based Roasters Corp, can get a "substantial gain" from the latter's proposed listing on Nasdaq. Berjaya group executive director Tan Kim Poh said Roaster Corp, the
        The Star  -  457 words
      • Article
        Lock icon Actacorp moves to increase property activity
        213 20 Bernama KUALA LUMPUR Actacorp Holdings Berhad proposes to streamline its construction activities and increase its participation in property development. it was announced yesterday. Actacorp said its wholly owned subsidiary, Teknik Cekap Sdn Bhd (TCSB). proposes to sell its 50 per cent stake plus one
        Bernama  -  213 words
      • Article
        Lock icon M'sian Plantations9 sale of Kamunting stake approved
        267 20 M'sian Plantations 9 sale of Kamunting stake approved Bernama KUALA LUMPUR Shareholders of Malaysian Plantations Bhd yesterday approved the sale of a 12.69 per cent stake in Kamunting Corporation Bhd for MS 167.3 million. An extraordinary general meeting was held here to approve the disposal of 99.767 million 50 sen
        Bernama  -  267 words
      • Article
        UNIT TRUSTS & FUNDS
        520 20 UNIT TRUSTS FUNDS Managers' prices May 12 US Gr fund 1.01 I.OS** Singapore Unit Trust j**® Invest Mgt Ltd The 57 166 I'niband t 1025 105 Ihc Savings hunu 1.3/ I w c Spore l'r<* fund 0 72 0 76 a' 7 J S'pore Sec fund 104 1.10 United Asia
        520 words
      • Article
        Lock icon Swiss-HK venture takes controlling stake in China's ink maker
        491 21 Eastern Express HONGKONG Sicpa Holdings, a Swiss-based producer of commercial ink, and Hong-kong-based Chunghwa Investment Management Partners, have bought a controlling stake in Shanghai Printing Ink Factory, China's largest producer of commercial inks. Company officials yesterday said the joint venture, renamed
        Eastern Express  -  491 words
      • Article, Illustration
        Lock icon Uncertainties cloud Colombo bourse
        38 21 Reuter COLOMBO Stock exchange board marker updating a price at the trading floor here yesterday. I he stock market has been declining due to political and economic uncertainties in the Sri l^ankan capital. Keutcr
        Reuter  -  38 words
      • Article
        Lock icon Swire signs Shanghai property deal with Citic HK
        334 21 Reuter Knight-Kidder AFP HONGKONG Swire Properties Ltd, a wholly-owned subsidiary of Swire Pacific, a Hongkong-based conglomerate involved in airlines, property and other ventures, has signed an agreement with China International Trust Investment Corp Hongkong (Citic HK) to acquire 10 per cent of
        Reuter; Knight-Kidder; AFP  -  334 words
      • Article
        Lock icon Thai securities body approves investment trusts for foreigners
        330 21 Bloomberg Business News BANGKOK Thailand's Securities Exchange Commission (SEC) has approved a plan that will allow foreign investors to get around rules on how much of a Thai company can be owned by foreigners. An SEC official yesterday said the commission had
        Bloomberg Business News  -  330 words
      • COMPANY BRIEFS
        • Article
          Lock icon SHK Properties limiting China prowl
          92 21 Reuter HONGKONG Sun Hung Kai Properties Ltd said it will continue to limit its investments in China to not more than 10 per cent ol overall assets. A company statement said it was participating in a lIKS4 hillion (SSKOO million) project involving three residential and
          Reuter  -  92 words
        • Article
          Lock icon HK may unveil cut in stock levy soon
          128 21 Reuter HONGKONG Hongkong is considering a cut in the stock transaction levy and a decision is likely within the next several weeks, said Secretary lor Linancial Services. Michael Cartland. I here have been local press reports in the past week that the
          Reuter  -  128 words
        • Article
          Lock icon Thai animal feed firm's profit soars
          117 21 Bloomberg Business News BANGKOK Charoen Pokphand Leedmill. the largest Thai animal feed company, said it had a net profit for the quarter ended March 31 of 306.6 million baht (SSIB million), an increase of 97 per cent from last year. In a report to
          Bloomberg Business News  -  117 words
        • Article
          Lock icon PacTel wins lOpc S Korean phone stake
          102 21 Reuter SI;OUL US firm Pacific lelesis Ciroup has won a 10 per cent stake in South Korea's second mobile telephone consortium, a spokesman for the consortium said, lie said Pac I el would be the principal foreign stakeholder. Ihe second biggest foreign firm
          Reuter  -  102 words
        • Article
          Lock icon Japan underwear firm in China venture
          109 21 Bloomberg Business News lOKYO Gun/e Ltd. Japan's leading manufacturer of knit underwear, announced it will set up a joint venture with trading house Mitsui and Co and a number of Chinese firms in Jinan, China. Japan's Jiji Press reported. The 210 million yen (SS3.I
          Bloomberg Business News  -  109 words
      • Article
        Lock icon Pepsi to pay 1.3b baht to raise its 28pc stake in Thai bottler
        314 21 Bloomberg Business News BANGKOK Pepsi-Cola (Thai) Trading Co plans to pay 1.3 billion baht (Ss79 million) to increase its 28 per cent stake in local bottler Serm Suk Co. The wholly-owned subsidiary of PepsiCo Inc's Pepsi International
        Bloomberg Business News  -  314 words
      • Article
        Lock icon Five consortiums bidding for Thai TV licence
        118 21 Reuter BANGKOK Five consortiums representing more than 50 different companies arc bidding to operate Thailand's first ultra high frequency (UHF) television network. Newspapers yesterday said the five groups which submitted bids by the Tuesday deadline were Samart Corp, Siam TV and Communications, Bangkok
        Reuter  -  118 words
      • Article
        Lock icon Sumitomo takes 41pc stake in Indon cable firm
        209 21 AFP JAKARTA The Japanese Sumitomo Electric Industries has taken a 41 per cent stake in cable firm PT Iki Indah Kabel Indonesia (HKI) worth 35.42 billion rupiah (5525.6 million), the company official said yesterday. I IKI president Uray Syaiful Mamid said after
        AFP  -  209 words
      • Article
        Lock icon Tokyo bourse acts to stem foreign delistings, woo overseas firms
        451 22 Reuter TOKYO The Tokyo Stock Exchange, concerned over the number of foreign companies delisting their shares, is making efforts to attract overseas firms, its outspoken president Minoru Nagaoka said. Mr Nagaoka. 69, who retires this month after a fiveyear term
        Reuter  -  451 words
      • Article
        Lock icon Hitachi in NT$ 6b Taiwan venture
        163 22 Reuter lAIPLI Japan's Hitachi Ltd has reached preliminary agreement with a Taiwanese consortium to set up a NTS 6 billion (SS3SO million) joint venture to produce large-sized cathode ray tubes (CRT), a key component in computer monitors. A spokesman for Hitachi's Taiwan office said
        Reuter  -  163 words
      • Article
        Lock icon Asea Brown Boveri expects to invest US$ 500m in China projects
        395 22 Bloomberg Business News BLUING Swiss-based electrical engineering company Asea Brown Boveri Group expects its investments in China to reach US$5OO million (***** million) between last year and 19%. Percy Barnevik. ABB group president and chief executive officer, said his
        Bloomberg Business News  -  395 words
      • Article
        Lock icon Parker & Parsley offers A$ 294m for rest of Bridge Oil shares
        268 22 Parker Parsley offers A$ 294m for rest of Bridge Oil shares Bloomberg Business News SYDNEY Parker Parsley Petroleum Co of the US has launehed a A 5294 million (***** million) eash takeover offer for Australia's Bridge Oil Ltd. The offer of 70 Australian cents a share is for the 95.8
        Bloomberg Business News  -  268 words
      • Article, Illustration
        Lock icon Mobil reviews chemical unit, hit by increased Asia-Pacific capacity
        477 22 Bloomberg Business News WASHINGTON Mobil Corp. feeling the heat from increased capacity in South-east Asian and Pacific Rim countries. has begun a review that may lead to cost reductions and asset sales at its U553.45 billion (555.38 billion) chemical business. Scheduled
        Bloomberg Business News  -  477 words
    • FINANCE & COMMODITIES
      • Article
        Simex introduces options trading on Japanese Govt Bond
        253 23  -  By Shiv Taneja SINGAPORE The Singapore International Monetary Exchange yesterday introduced options trading on its Long Term Japanese Government Bond (JGB) futures contract. This takes the number of contracts offered by the exchange to 17, Simex said in a statement. The trading
        253 words
      • Article
        Lock icon Accord reached on Philippine bank law
        121 23 Reuter MANILA A Philippine Congressional panel yesterday forged a compromise agreement to allow more foreign banks to operate in the country. legislators said. Senator Raul Roco, cochairman of the panel, said the long-delayed bill would allow 10 new foreign banks to set up ofTices
        Reuter  -  121 words
      • Article, Illustration
        Lock icon Indian state bank employees protest against privatisation
        99 23 Reuter BOMBAY Demonstrating bank employees carrying a banner showing Indian Kinance Minister Manmohan Singh chopping down a tree which symbolises public sector banks yesterday. They were among more than half a million state-run bank employees protesting against government reforms to allow privatisation of
        Reuter  -  99 words
      • Article
        Aussie life insurer Colonial Mutual to open office in Beijing
        381 23  -  From Florence Chong in SYDNEY ONE OF Australia's largest life insurers, Colonial Mutual Life Assurance Society Ltd, will open a representative office in Beijing this month as part of a major drive into Asia. Through its joint venture company Jardine
        381 words
      • Article
        Lock icon Bangkok to stop banks9 monopoly on forex trading soon
        422 23 Bangkok to stop banks 9 monopoly on forex trading soon Bloomberg Business News BANGKOK The government will soon eliminate the monopoly held by commercial banks on the domestic trading of foreign currency, Bank of Thailand Governor Vijit Supinit said. Within a few weeks, rules to allow some non-bank finance companies
        Bloomberg Business News  -  422 words
      • Article
        Lock icon Thai central bank eases deadline on forex limits
        216 23 Knight-Ridder BANGKOK The Bank of Thailand on Tuesday gave local finance firms a slight reprieve on meeting a June 30 deadline for bringing their foreign exchange exposure within new limits. The Thai central bank did not agree to an industry request at
        Knight-Ridder  -  216 words
      • Article
        Lock icon High-flying NZ dollar seen as a good bet
        414 23 Reuter WELLINGTON There's no such thing as a "dead cert" in the world's volatile currency markets but New Zealand's high-flying dollar is as elose as investors are likely to get to a sure bet, analysts said yesterday. The so-called Kiwi dollar rose
        Reuter  -  414 words
      • Article
        Treasury prices surge on dollar and auction
        442 23 NLW YORK Prices of Treasury securities surged more than a point on Tuesday as a rebounding dollar and a well-received three-year note auction helped sentiment after two days of sharp losses. The buying came from both retail and institutional bond traders and allowed
        442 words
      • SMALL CHANGE
        • Article
          Lock icon Cagamas issues M$ 220m in bonds
          113 23 Reuter KUALA LUMPUR The national mortgage company Cagamas Bhd issued MS22O million (SSI3O million) in fixed-rate bonds, bringing the total amount of outstanding Cagamas bonds and notes to M 56.61 billion. The seven-year bonds, which will be redeemed at nominal value on May 11,
          Reuter  -  113 words
        • Article
          Lock icon Finance One ready to be bank
          103 23 Reuter BANGKOK Finance One pic has the capital adequacy ratio and resources to start banking operations immediately, president Pin Chakkapak said yesterday. "We are already there...On the balance sheet today we are ready to convcrt to a bank," Mr Pin said. Mr Pin hopes
          Reuter  -  103 words
        • Article
          Lock icon HSBC Life, NY Life in HK tie-up
          102 23 Bloomberg Business News HONGKONG HSBC Life, a life insurance and retirement plan group, has agreed to sell its occupational retirement plans in Hongkong in collaboration with New York Life Worldwide Insurance. A subsidiary of New York Life Insurance Co, it is one of
          Bloomberg Business News  -  102 words
        • Article
          Lock icon Pepsico's 50pc stake in China plant
          78 23 Bloomberg Business News HONGKONG PepsiCo Inc has converted its US$22 million (5534.3 million) investment in Shanghai Pepsi-Cola Beverage Co in China into a 50 per cent stake in the soft drink bottling plant. PepsiCo has been investing money in the plant since 1989, but
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Taiwan bank to merge with trust firm
          46 23 Reuter TAIPEI United World Chinese Commercial Bank, a leading Taiwan bank, has decided to merge with Overseas Trust Corp, a venture 98 per cent owned by the bank. The two sides arc expected to sign contracts this week. Reutcr
          Reuter  -  46 words
      • Article
        First Pacific Capital issues FRN
        200 23  -  By Soh Tiang Keng SINGAPORE First Pacific Capital of Hongkong is tapping US$lOO million (S$ 156 million) from the capital markets of Singapore and Asia through a floating rate note (FRN). The five-year FRN bears an interest rate of 1.2 per cent above the six-month
        200 words
      • Article, Illustration
        Asian demand for gold recovering this year
        597 24  -  From Neil Behrmann in LONDON ASIAN demand for gold has recovered this year, following a slump in purchases during 1993. The international gold market desperately needs the revival from this crucial area of demand. Bullion imports into the five main Asian markets Turkey,
        597 words
      • Article
        Lock icon US moved 600 tonnes of gold to Europe in '93: report
        203 24 Reuter LONDON About 600 tonnes of gold was moved to London and Zurich from the US New York Federal Reserve Bank vaults last year, Stewart Murray, chief executive of Gold Fields Mineral Services Ltd (GFMS) told analysts at the
        Reuter  -  203 words
      • Article
        Lock icon White House's corn-ethanol plan worthless, says oil study
        391 24 Bloomberg Business News WASHINGTON A study commissioned by the oil industry says a White House proposal to guarantee the use of cornbased ethanol in a big chunk of the market for anti-smog gasoline is "devoid of benefits". "It is bad public policy
        Bloomberg Business News  -  391 words
      • Article
        Lock icon Asians blamed for copper scrap shortage in Europe
        428 24 Bloomberg Business News BRUSSELS High prices paid for copper scrap by China, India, Japan and South Korea are creating shortages in Europe, said a European metal industry lobby group. Eurometaux said on luesday that high prices paid for raw copper on Asia's
        Bloomberg Business News  -  428 words
      • Article
        Lock icon Rubber producers in pre-Inro discussion
        279 24 AFP KUALA LUMPUR Major natural rubber producers will decide at talks here tomorrow whether to accept proposals made by consumers for a global rubber pact now being negotiated, officials said on Tuesday, amid reports that Indonesia might block the accord. The Association of Natural Rubber
        AFP  -  279 words
      • Article
        Lock icon Sri Lanka planning loans to ailing tea industry
        197 24 Reuter COLOMBO Sri Lanka is planning 300 million rupees (559.5 million) in loans to the ailing tea industry following a plunge in priees and threats by owners to elose unprofitable factories, officials said yesterday. "Prices have crashed," said Nirmala Vellasamy, president of
        Reuter  -  197 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        9 24 Source: Dow Jones Telerate
        Source: Dow Jones Telerate  -  9 words
      • Article
        Lock icon London
        279 24 Bloomberg Business News LONDON The dollar tumbled more than a pfennig from a two-week high against the German mark as speculation faded that the US and Germany coordinated their interest rate changes to boost the US currency. The dollar retreated in late trading. A brief rally on a halfpoint
        Bloomberg Business News  -  279 words
      • Article
        Oil futures prices mixed after US inventory report
        163 24 Bloomberg ENERGY REPORT LONDON Oil futures prices were mixed after the American Petroleum Institute said US crude oil stockpiles declined 3.3 million barrels, while refined product supplies and refinery utilisation increased. Of particular significance in Tuesday night's weekly report was a 4.7
        163 words
      • Article, Illustration
        Lock icon New York
        129 24 NEW YORK The dollar slumped against the mark at US midday yesterday, reversing gains achieved earlier on news of a Bundesbank monetary easing. Signs that the Federal Reserve might not follow up immediately with a US rate hike depressed the dollar. "The market is disappointed that the much-anticipated
        Reuter  -  129 words
      • Article, Illustration
        Untitled
        1692 24 I radc-iieitihtnl iiuh-\ cakulaleil utiumst S'/mm■«•"» top 14 trading i>arlnei\ Hws tmr /W US$/S$ forward rates Noon May 11 s$ Bid (Mfcf 1-month 1.5546 1.5561 2-month 1 5542 1.5557 3-month 1.5541 1 5556 6-month 1.5538 I.5SS8 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 11 Singapore dollars
        1,692 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar steady, Euroyen ends firmer
        1355 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures closcd steady yesterday after trading within a narrow range. Dealers said the market continued to speculate over the magnitude and timing of the Federal Reserve's next interest rate hike. The market had started firmer with some short-covering in
        Reuter  -  1,355 words
      • Article
        KL tin unchanged at M$ 14.20
        578 25 COMMODITY REPORTS Tin TIN price on the Kuala Lumpur Tin Market remained unchanged at MS 14.20 per kg in moderately active trading yesterday. Dealers attributed the market's steadier sentiment to encouraging demand by local investors. Three months tin on the London Metal Exchange however
        578 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Metal exchange requires 40pc cash
          106 25 HONGKONG China's Shanghai Metal Exchange has not yet decided whether it will eventually abolish the use of bank guarantees for payments on transactions, a spokesperson for the exchange said yesterday. "We've only recently received instructions that a part of all transactions must be settled by
          106 words
        • Article
          Thai raw sugar price rise seen slowing
          112 25 HONGKONG Thai raw sugar prices look set to keep rising in the near term, but the ride may become a bit choppier by July, when Australian and South African sugar becomes available. "Prompt deliveries are still well supported, but I see July-September coming
          112 words
        • Article
          Australia denies wheat sale to Russia
          105 25 SYDNEY The Australian Wheat Board yesterday denied market rumours that it has sold 750,000 tonnes of wheat to Russia. AWB spokesman Alex Nicol said the market was rife with rumours about Russian wheat purchases from Australia and alternate sources. "We would like to categorically
          105 words
      • Article
        COMMODITY PRICES
        1411 25 Rubber May 11 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) ffurtri Sftltn As at 12 noon (S cents/kg) RSS 1 Contract (S ccnts/kg) n v 5— RSS 2 June 94 152.00 153.00N Month High Low (<onn«) lntc£" RSS 3 June 94 151.00 152.OON RSS 4
        1,411 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1283 26 26.4 THE Australian stock market responded warmly to a lack of surprises in the federal budget and stronger US stocks to close broadly higher but oft" its peak yesterday, brokers said. Brokers said the calming of fears over the budget allowed the market to take heart from a rise
        1,283 words
      • Article
        Seoul
        444 26 1.51 The composite index rose 1.51 points to close at 948.91 yesterday. The index has gained 3.4 per cent over the past six trading days since closing at 917.55 on May 3. The composite index spent most of the day in positive territory, reaching a day's high of 955.59
        444 words
      • Article
        New Zealand
        305 26 +33.26 New Zealand shares held, then increased their gains as buyers returned to the market. The NZSE-40 closed 33.26 points higher at 2,063.84 after spiking up around 25 points in the open. Heavy trade in the leaders dominated the session. Telecom rose 12 cents to NZ54.76 on volume
        305 words
      • Article
        Bombay
        54 26 +23.13 Share prices rose across a wide front on the Bombay Stock Exchange on buying support from foreign investors and local speculators which improved trading volumes, brokers said. The Bombay Stock Exchange 30-share index gained 23.13 points to close at a provisional 3,797.13. The 100-share national index was up
        54 words
      • Article
        Manila
        606 26 +38.82 Selected blue chips, led by phone stock PLDT, drove share prices higher, but profit-taking pared gains and the market seemed to be consolidating, brokers said. The composite index rose to 2,952.27 points, up 38.82 points or 1.3 per cent, from the 2,913.45 posted on Tuesday when the market
        606 words
      • Article
        Taipei
        544 26 +87.1 The Taiwan stock index ended above the 6,000-point resistance level as late buying in industrials intensified, brokers said. The index surged 87.10 points, or 1.47 per cent, to end at the intra-session high of 6,024.47. Turnover rose to NT561.96 billion from NT557.05 billion on Tuesday. Asset-backed shares and
        544 words
    • WORLD STOCK MARKETS
      • Article
        London
        814 26 •5.8 STOCKS fell amid concern European interest rates have reached bottom after the Bundesbank cut its leading rates to their lowest levels in five years. The FT-SE 100 Index of leading British shares fell 5.80 points to 3,130.50, pulled down by declines in BAT Industries pic, British Telecommunications pic
        814 words
      • Article
        Paris
        167 26 11.76 French stocks closed higher after the German Bundesbank cut interest rates, raising hopes that France will reduce its rates. The CAC-40 Index of leading French stocks closed at 2,176.74 points, 11.76 points up. The index swung through a 23.55point range after the German central bank surprised investors by
        167 words
      • Article
        Stockholm
        141 26 +3.73 Swedish shares closed higher yesterday. Traders attributed gains to the decline in money market rates and bond yields. Both the stock and money market had closcd before the German Bundesbank announced the half-point cut in the discount and Lombard rates. The Stockholm stock exchange closed at 1.00 pm
        141 words
      • Article
        Frankfurt
        204 26 +8.17 German stocks closed higher yesterday, largely discounting the Bundesbank's cut of two prime bank lending rates in prcholiday trading. The DAX Index in aflcr market trading closcd at 2,247.81. up 8.17 points, on a day of major economic news that received a subdued greeting from investors. Shares of
        204 words
      • Article
        Brussels
        152 26 +4.58 Belgian stocks rose in response to falling interest rates but less than elsewhere because of the two-day holiday that begins today, analysts said. The Bcl-20 Index of leading shares closed up 4.58 points at 1,533.45. The Central Bank shaved rates again yesterday to 5.35 per cent shortly before
        152 words
      • Article
        Milan
        150 26 -275 Italian stocks fell after the central bank cut interest rates in a move that analysts said was expected. The Milan market's bluc-chip Mibtel Index fell 2.1 per ccnt, or 275 points, to 12,759. Gains in four straight sessions on hopes for a German rate cut had boosted it
        150 words
      • Article
        Amsterdam
        263 26 +2.58 Dutch stocks closcd higher following interest rate cuts in Germany, Italy, France and the Netherlands and falling Dutch bond yields. The Dutch central bank lowered its special loan rate to 5.1 per cent from 5.3 per cent and its secured advances rate to 4.25 per cent from 4.75
        263 words
      • Article
        Zurich
        254 26 +4 Higher bond prices boosted Swiss stocks yesterday morning, but the German Bundesbank's rate cuts failed to excite the stock market which still closed higher. The Swiss Market Index of 22 blue-chip stocks, or SMI, closcd up 4 points at 2,633.0. Fifteen stocks advanced, one was steady and six
        254 words
      • Article
        Johannesburg
        283 26 +27 Local buyers crept in late to bargain hunt industrials, lifting them off their early lows on lack of interest to end firmer ahead of the public holiday today. The overall index ended 15 points up at 5,455, the industrial index was 27 points higher at 6,636 and the
        283 words
      • Article
        Toronto
        312 26 +9.55 Toronto stocks opened slightly higher in thin volume yesterday with traders worried about what they sec as a new and confusing higher interest rate environment. A trader said financial markets are anticipating a shift in activity soon from equities into fixed income following a hike in Canada's bank
        312 words
      • Article
        New York
        754 26 -12.79 Stocks lost ground yesterday as investors took profits and geared up for the latest monthly data on inflation and a possible increase in interest rates by the Federal Reserve. The Dow Jones Industrial Average was down 12.79 points at 3,643.62 at 1 pm EDT, surrendering part of
        754 words
      • Article
        Untitled
        535 26 Vienna May II Asrh 47M IW -5 Rank \u«lru (P) M H ooMinlu 1000 uiwh 1lughatcn HI t I cn/inf 10 lokjm 430 2 lm D l» 245 Mrahag I 7*5 10 VCHMIW 357 J Weewcfbcig 3550 10 Source: Bank Nasdaq \lm\ 10 1 S$ \dolph C oors Birring 19
        535 words
    • Article, Illustration
      Lock icon HONGKONG
      3268 27 Bloomberg Business News HONGKONG The benchmark Hang Seng Index of 33 leading stocks rose 4.29 per cent as investors hid up shares they regard as cheap relative to projected earnings after the market's recent swings. "We have continued to buy throughout this period, because we see value in the
      Bloomberg Business News; Source: Bridge Info  -  3,268 words
    • Article, Illustration
      CHINA
      544 27 SHANGHAI markets weakened yesterday with the CLSA B index losing 7.16 points and the A index falling 26.43 points. Turnover in the B market dropped to US$2 million. Trading was lacklustre with most counters moving within a narrow band. Tirst Pencil was down a helty 10.4 per cent on
      544 words
    • Article, Illustration
      Lock icon TOKYO
      2709 27 Bloomberg Business News TOKYO Stocks rose to a three-week high amid signs US pressure on the dollar was easing, giving a much-needed break to Japanese exporters, traders said. "People had been hedging their portfolios in the event that the dollar would go through 100 yen," said Robert Sasaki, a
      Bloomberg Business News; Source: Bridge Info  -  2,709 words
    • Article, Illustration
      Lock icon BANGKOK
      1813 27 Reuter BANGKOK Thai stocks dosed higher yesterday but off the day's high on speculative buying, particularly of communication counters, brokers said. The SET index rose 7.76 points to close at 1.235.76 after peaking at 1,240.35 points in the morning. Turnover was 5.45 billion baht. against Tuesday's 3.7 billion. "Buying
      Reuter; Source: Bridge Info  -  1,813 words
    • Article, Illustration
      Lock icon JAKARTA
      1192 27 Bloomberg Business News JAKARTA Indonesian stocks rose as foreign investors shrugged off the threat of rising interest rates and targeted large companies with growth potential, traders said. The Jakarta Stock Exchange Composite Index, which tracks all stocks, closed up 2.49 points at 465.53. The GT-DBS 50 index. which tracks
      Bloomberg Business News; Source: Bridge Info  -  1,192 words
    • Article
      CLOB INTERNATIONAL
      2784 28 MOST ACTIVE volume Mulpha Intl 50c 9.853.000 Idns Hyd 50c US3.000 KAl'B MX. 3.616.000 Kcnong Bhd 50c 3.417.000 Kcinjyan MX- 3.409.000 Proincl 2.470.000 kamunting MX' 2.313.000 ticnting I ill I SS 2.156 000 Iniiovc* Bhd 1.807.000 Mult i-Purpose 1.710.000 Bcrjaya I ml 1.593.000 Lien Hue ISK9 7 1.411.000
      2,784 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Index ends higher, late profit-taking pares gains
        6158 28 Bloomberg Business News Bernama KUALA LUMPUR Stocks rose yesterday as concern about another interest rate increase by the US Federal Reserve abated, traders said. The benchmark Kuala Lumpur Composite Index surged past the 1,000-point psychological level at the start, then fell back from
        Bloomberg Business News; Bernama; Source: Bridge Info  -  6,158 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7466 29 MAIN BOARD Transaction date: May 1 i (ir (>t U>| Vol Day IJM Quote Di» !>«» Net Cap High Ixtw Company S»le I'000) lli||h low Bujer Seller C'»c H P/K Smil INDUSTRIAL AND COMMERCIAL 1350 1)6 I s Acma 8*0 cd unch 92 895 880 880 890 17.5 2.1 2.0
        7,466 words
      • Article, Illustration
        Lock icon Blue chip counters surge but broader market slips
        1942 30  -  By R Sivanithy SINGAPORE The buying that marked the second half of trading on Tuesday continued through for most of yesterday, but late profit-taking and forced selling in Malaysia erased part of the day's gains. A firmer overnight performance on Wall Street
        Charts by Bridge Info; Source: Bloomberg  -  1,942 words
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      191 19 NEWS VALUE How today 's news might affect your stinks 10pc fall in CPF property transactions In first quarter (P8 I) But some market watchers expect a pick-up in the second quarter. $1.4b withdrawn from CPF investment accounts (pg I) A reflection of the sluggish market in the first quarter.
      191 words
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      Page 25 Advertisements Column 2
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      885 30 ')*?_{?,{]++`)&)*{}<`\=,@*<|~<[ IN THE MATTER OF THE COMPANIES ACT. AND IN THE MATTER OF ANSEC MARKETING (FAR EAST) PTE LTD (Incorporated in tfw Rapublc al Singapore) NOTICE OF SPECIAL RESOLUTIONS At an extraordinary general meeting ot the members ol ANSEC MARKETING (FAR EAST) PTE LTD duly convened and held at 7500
      885 words
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      Page 30 Advertisements Column 2
      370 30 NOTICE IS HEREBY GIVEN that, I Tan Gek Lang of Blk 244. #02-1127 Yishun Ring Road Ave 9 Singapore 2776 have applied for a Wholesale Liquor Shop/Retail Liquor Shop Licence in respect of premises at M/S Hsiang Liquors Trading (1/E) at Blk 88 #01-105 Zion Road Singapore 0316, and that
      370 words
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  • Shipping Times
    • Article
      CGM to get 900 m franc capital injection from govt
      411 31  -  By Dexter Lee SINGAPORE Compagnie Generale Maritime (CGM) has secured a commitment from the Mitterrand government to inject 900 million francs (*****.9 million) of fresh equity funds to boost its financial recovery. This is the second time the government has
      411 words
    • Article
      Lock icon Thai port authority gets new traffic control proposal
      615 31 The Nation BANGKOK The Express Transportation Organisation (ETO) last week submitted a proposal to develop a transport management system to the Port Authority of Thailand called the Traffic Control Systems (TCS). The objectives of this system arc to increase the organisation's: capacity
      The Nation  -  615 words
    • Article
      Lock icon Bechtel unit involved in Yokohama port project
      187 31 Reuter SAN FRANCISCO Bechtel Group Inc's Bechtel Civil Co said on Tuesday it will provide overseas procurement services and support of construction management for one of three contracts awarded by Yokohama Port International Distribution Co Ltd to separate joint venture teams for a
      Reuter  -  187 words
    • Article
      Lock icon Waiting time for canola at Canada's west coast eliminated
      203 31 Knight-Ridder WINNIPEG, Canada Waiting time for vessels arriving at Canada's west eoast to load canola has been eliminated, a senior official with the Grain Transportation Agency said on Tuesday. Exporters at the west coast now have canola in ship-load-ing position before
      Knight-Ridder  -  203 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      816 31 Page Col Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 •ANL 3 1/2 •ASCI. 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
      816 words
    • Article, Illustration
      Lock icon From princess to wreck
      63 31 AFP HONGKONG The wreck New Orient Princess is refloated on Tuesday in Hongkong waters after the ship caught Tire and beached in August last year. The local marine department decided to remove the ship because it might break up. especially in a typhoon and cause pollution.
      AFP  -  63 words
    • Article
      Lock icon Indon official urges end to ship import ban
      194 31 Reuter JAKARTA A senior Indonesian official has urged the lifting of a ban on importing second-hand ships of under 5,000 deadweight tonnes (dwt), the official Antara news agency said. "It is time for the government to allow domestic shipping companies to purchase
      Reuter  -  194 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        537 32 Vessel Voy No Berth Arrival Departure Vessel VoyNo Berth Arrival Departure Jurong Port Batam Spe«l3 ****** P01A 1205/0/00 12(6/0900 Batam Bahagia 05/03/94 II along** 1205/2300 Batam Speed! *****' TOIA 1105 1900 1105/2300 Det lestan 044 12 alongside 1205/2100 8atam Spw<l4 *****" P01A 12 05/1910 12 05/2210 Ivomdo
        537 words
      • Article
        CONTAINER SCHEDULES
        1683 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Balance Mts S|*) Voy No Etb/Btr Period From To From £7 iiTiioo ii u/imo 11/16M 11/1900 fc,D K ll/l/oo 12/0659 12/0900 4 12/1200 12/HM 12/1/00 vTT* 0496 13/2000 ii 11/1500 11/1669
        1,683 words
    • Article
      THE SHIPPING GUIDE
      14768 40 Ihis is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      14,768 words
    • Article
      SHIPPING AGENTS
      3021 45 x XTIBC (ontaincrline NV: Belsin Shpg \gijncics lie Lid (SVMarinc Handling (PK/PN). Vccqrd (.roup: Accord Shpg Pic Ltd (SVAccord Contr Line (I'K/I'N). Vdfcrg Business Corporation Philippine: Calaource Shpg Trdg Ptc Ltd (S) Vhrtnkiel Liner Service: Kim Shpg Trdg(S). Vltaiiros Sea-Air Service: Frata Shpg Ite LtiMS). Alfifd C locpfer
      3,021 words
    • Article
      CONFERENCES & CONSORTIA
      310 45 CONFERENCES CONSORTIA Asia-North America Eastbound Rata Agreement (Par East/North America, sxdudes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Lloyd. Trans-Pacific Westbound Rata Agreement (North America/Far East): American President Lines; Sea-Land; Neptune
      310 words
    • Article
      COURIER SERVICES
      277 45 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express travel Td: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cilv-IJnk International Td: 344-3377. Fax: 345-6450. Cluster Unk Supplies <&
      277 words
    • Article
      AIR FORWARDERS
      1498 45 Abex Express Freight Tel: 542-7171 Fax: *****84. Actinic Forwarder ret 225-1833 Fax: *****42. Acti»air Singapore Td: 542-7821 Fax: *****20. Aerolink Freight International Td: 545-8033 Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06 Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,498 words
    • Article
      PORT CONDITIONS
      2548 46 ALBANIA Durres: Eight vessels in port of which discharging: I gasoline, 1 bagged urea, I general cargo. 2 bagged sugar. I bagged flour. I bulk coke; I vessel loading ferro chrome; no vessels in roads awaiting berths. ANGOLA Luanda: City quiet; port quiet with on berthing delays. (.obito:
      2,548 words
    • Article
      CRUISE & FERRY SCHEDULES
      793 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr l)t*p Name of Nosel KIA LI1) Ports of Call* Port Agent t elephone No MAY (W 10 Shin Sakura Maru 1000 1600 Sin-Colombo Mitsui OSK Lines 225-2811 10 10 Leisure World 1300 2015 Port Klang-Cruisc New Century Tours 227-8284 to Nowhere 10 10 Star
      793 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1125 46 SHIP SALES TANKER RATES The information was contributes by Spence Young AFP WITH THE Greeks on holiday earlier this week and the Japanese only beginning to return to their otYices on May 6 after the 'Golden Week' Holidays, there have been very few sales to report. However it was interesting
      The information was contributes by Spence & Young; AFP  -  1,125 words
    • Article
      COCKETT BUNKER MARKET REPORT
      861 47 THIS twice weekly report, compiled by Cockctt Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockctt Bunker Price Index change and
      861 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      606 47 Carbon Carton May 5 Density Water Residue Ash Wurimm Sedmwnt Density Mater Residue Ash Akmraun Sedment M/M M M Exxon t*xon KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M M/M PPM method 60/Cinuc Limits Spec E25 991 1.0 15.0 0 10 30* 0 10* Eastern
      606 words
    • Article
      DAILY FREIGHTS
      1685 47 Rates for Atlantic Panamax tonnage remained firm despite a slowdown in the pace for south American business, brokers said. The Baltic Freight Index for spot dry cargo shipping rates rose to 1.465 on Tuesday from 1.453 on May 9. with the base being Jan 4 1985 equals I.(XX).
      1,685 words
    • Article, Illustration
      Lock icon Three-way race to build monster jet engines
      906 48 Rolls-Royce. Pratt Whitney and General Electric are trying to pioneer a new type of engine that will deliver more power for future superjumbos AP THE cavernous building is nicknamed "the cathedral', with two 14rnetre doors that weigh 80 tons each, but outside is
      AP  -  906 words
    • Article
      TRANSPORT DIARY
      878 48 COURSES lllle: Prevention of Marine Pollution from Ships Duration: May 16-20 Organiser Port of Singapore Authority Ttfc For further details/registration contact SPI at 32H707/321 -1824/321 -1825 or fax: 331^W16. Safety Management for Shops AMarine Vehicles Donation: May 17 (9am-spm) Organiser: Faculty of Engineering, National University of Sir-gaporc Let
      878 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        DHL raises 5-year capital investment plan to US$ 1.5b
        360 50  -  From Rahita Elias in BRUSSELS INTERNATIONAL transport specialist DHL Worldwide Express has decided to increase its five-year capital spending programme from US$l.25 billion (551.95 billion) to US$l.5 billion. And Asia will be allocated about a third of the total sum US$5OO
        360 words
      • Article, Illustration
        Lock icon Boeing engine impresses Mahathir
        47 50 AFP SEATTLE Malaysian Prime Minister Mahathir Mohamad inspects one of the engines on a Boeing 111 twin jet during a tour of the facility in Everett, YVashington, on Monday. This plane is the first 111 made and sits on the Everett line. AFP
        AFP  -  47 words
      • Article
        Lock icon Pilot error, computer failure likely causes of CAL crash
        214 50 AFP TOKYO Japanese investigators probing the crash of a China Airlines (CAL) Airbus last month which killed 264 people said on Tuesday they had uncovered possible pilot error as well as a massive electrical failure. The interim report released by the
        AFP  -  214 words
      • Article
        Lock icon Alitalia shares plunge after news of big losses
        276 50 Reuter MILAN Shares in state carrier Alitalia SpA crashed over 40 per cent on Tuesday as investors baled out of the troubled airline after it announced big losses. The company said on Monday night it lost 343 billion lire (*****.7 million) last
        Reuter  -  276 words
      • Article
        Lock icon Air Canada to buy 25 Airbus planes costing US$ lb
        423 50 NYT TORONTO After intense trans-Atlantic competition among aircraft manufacturers. Air Canada announced on Tuesday that it would replace its fleet of 35 aging Americanmade DC-9s with the A-319 airplanes produced by Airbus Industrie, the European consortium. Air Canada said it
        NYT  -  423 words
      • LOG BOOK
        • Article
          Lock icon China bans unsafe light aircraft
          90 50 UPI BEIJING Chinese aviation authorities said on Tuesday light civil aircraft must have certificates guaranteeing their airworthiness and safety. "Lives and property have been greatly threatened" by light aircraft makers who skirt safety regulations and sell dangerous airplanes to the public, the official China Daily
          UPI  -  90 words
        • Article
          Lock icon Tiphook changing name to CTR
          114 50 Reuter LONDON UK freight leasing group Tiphook pic said it was planning to change its name to Central Transport Rental Group pic. The company will be known as CTR. The group said in a statement the name-change resolution would be put to shareholders at the
          Reuter  -  114 words
        • Article
          Lock icon Northwest passenger miles down
          88 50 Knight-Ridder NEW YORK Northwest Airlines said on Tuesday it flew 4.49 billion revenue passenger miles in April, down 3.4 per cent from 4.64 billion during the same year-ago period. Overall capacity, as measured by available seat miles, was 6.95 billion in April, down 2.2 per cent
          Knight-Ridder  -  88 words
        • Article
          Lock icon Exim Bank financing tanker deal
          67 50 Reuter MANAMA Export-Import Bank of Japan will finance 70 per cent of a contract worth around US$4OO million (***** million) to build five supertankers for the National Shipping Company of Saudi Arabia (NSCSA), the Saudi firm said on Tuesday. The agreement with the bank was
          Reuter  -  67 words
        • Article
          Lock icon Pakistan begins assembling Honda cars
          137 50 Reuter LAHORE Honda Motors has begun assembling cars in Pakistan in a joint venture with a local group. But the marketing of the cars assembled by the Honda Cars Lid must await fixation of the price in consultation witfc the Pakistani government. The first car,
          Reuter  -  137 words
      • Article
        Lock icon Lufthansa, union agree on pensions deal
        165 50 Reuter FRANKFURT German national airline Deutsche Lufthansa AG and public-sector unions agreed on Tuesday to adopt the pensions deal that will pave the way for the airline's full privatisation and a capital increase. Lufthansa and the salaried workers' union Deutsche Angestclltcn Gewerkschaft said unions
        Reuter  -  165 words
      • Article
        Lock icon American Airlines, LOT sign deal on range of services
        442 50 Bloomberg Business News WARSAW The Polish flag carrier LOT said on Tuesday it signed an agreement with American Airlines' parent company, AMR Corp, on a range of linkups as well as a possible equity investment in LOT by AMR. The proposed
        Bloomberg Business News  -  442 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1722 50 City RW ETA Fl» ETD_ Cjft Fltf* TO H® Abu Dhabi GFI46 1120 GFI47 1850 GA985 1435 Cuargrtou SQ803 2045 SQ804 1145 Adelaide QF81 1925 QF82 2055 N—I VN741 1310 VN740 1410 SQ228 1955 Hityai M1893 1810 MI894 1430 Amsterdam KL843 0505 KL838 2300 TG407 2120
        1,722 words
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      8 31 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times
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      28 31 Lines and services represented by ,/j?joQk£\ Members el the Registry ef Accredited teffgll*] Shipping Agents, Singapore National Shipping Association. i For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      Page 31 Advertisements Column 3
      47 31 THE FAMOUS n <b CiUBOPi ■!MiHg|* 224 1833 For more information pleano refer to Pg. 15 Race to build bigger jet engines, Pg 18 •DHL increases capital spending, Back page CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. SINOAPORK f Business Times
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      406 32 TSKLINE AGENCIES (S) PTE. LTD. I I C 7 \Z V "T|kTTl Tel: 226-3363 1 H9W J. V 3«J\ I J 1M r- 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. <» NO U*****OOOO« pw» w II «W f] MX UT 0496 tW-OS *06.05 10.05 13.05 17.05 19.05 23.05 24.05
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      1307 32 vmt TP <m w»T, <;g*yr i ,j° yri y Cm!foSm WBCUWWI &jls| its 13 6 irnt 14 6 14C I*6 ISt 18 6 MID BAACfIONA 03/019W Hi Mi It 26 I 46 176 '06 106 146 156 Jt* CALIFOfIMA PfCAAR y?7 176 ?D 77 I 734 716 71 6 77
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      2339 33 SH,PP NG AGENC ES pt??L^7S^L A^?7^^AX 803:*****B03:*****4 2 DOCUMENTATION TEL *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL *****4 FAX_ *****1 CPS TEL *****6 BOOKINGS TEL *****80 *****81/ *****82 JfOMTEL: *****3/4(FAX. *****6 CUSTOMER SVC TEL: *****92/*****91/*****93 TEL: *****U/3 FAX: *****4 (OPNS) KEPPEL DISTRIPARK BLK 513 #01-128 JOHOR BAHRU TEL: 07-*****0 FAX 07-*****9 TEL:
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      Page 33 Advertisements Column 2
      2055 33 ■osnssama CALLING VOSTOCHNY/VLADIVOSTOK/NAKHODKA MAJESTIC MAERSK V.9406 ETA SIN 17TH MAY 1994 VessH Voy ETA ETO Feeder t>y S t r destinations This MAJESTIC maebsk V 9406 jIH 17/ os oeoo hps CfS 16/05 2359 HRS JOM LPK PEN OAK LGB SFO MEM ATL MIA CMS BAI PHL NYC TOP MAJESTIC
      2,055 words
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      1662 34 AQABA R DAM/ I E ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S' TON H'BURG A WFHP HAVHI \fygST MALAYSIA ORESOEN EXPRESS 16/318 14/5 23/5 30/5 1/6 4/6 6/6 3/6 Port Kelang, Penang KIRISHIMA 04' 119 18/5 4>6 7/0 5/6 Pasir Gudanq LUDWIGSHAFI N I XPfiESS 13/319
      1,662 words
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      Page 34 Advertisements Column 2
      643 34 pi™™ AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi, Islamqala (Ooqharun) C.1.5./RUSSIA: Vootochny. Vladivostok, Moscow, 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 dkr Bunga Pelangi V.2144 18/5 20/6 Ned Asia
      643 words
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      1200 34 NORASIA I" VSL/VOY NORASIA SAMANTHA 9419.3 18/05 08/06 11/06 12/06 13/06 14/06 15/06 16/06 17/06 17/66 I NORASIA SUSAN 9420 3 25/05 15/06 18/06 19/06 20/06 21/06 22/06 23/06 24/06 24/66 I NORASIA SINGA 9421-3 01/06 22/06 25/06 26/06 27/06 2«/06 29/06 30/06 01/07 01/67 I NORASIA SHARIAH 9422-3 08/06
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      1408 35 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE KTjSu (A SERVICE OF CHINA NAVIGATION CO) CARGO M* SAILS __™*5L_ Skjn ,aw 12 M 4» 13 Ma FCL, LCL CONTAINER AND BREAKBUIK SERVICE TO PAPUA NEW GUINEA SIRMTS
      1,408 words
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      Page 35 Advertisements Column 2
      3108 35 SINGAPORE AGENT: MXti 1 f Aflf*QlflAt*C P&O Containers (Singapore Agencies) Pte Ltd A 9 '0 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Wr Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 y ■'*>*-' CR Number: **********0Z EXPORT IMPORT i,£.:d VESSEL VOV *PNG 'PICO SIN SOU ANT
      3,108 words
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      609 36 4ffV EKA JAYA AGENCIES >Jl§r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE [ZHO CW MtWi CITY PAPER HANDPHONE/DIRECT HtMWY Ittt ji¥m* IViW ii*W KtLYIN CHAW IMM MS37M/M522«3 :j MANQj ai«MM I >*****2 ITO VIETNAM/HCMC CONTAINER-FEEDER SERVICE SHOT® CENTER-POINT mm lines fx I DOT I Tt» SPOM W>
      609 words
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      Page 36 Advertisements Column 2
      1592 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI SM I LINE HAUL S£* TVR POX fOR Wl SIN ILME HAUL SAV 1M NYC HANKN ROTTERDAM 02« 13/5 DMECT 2/6 3/6 4/6 HANBN ROTTERDAM 026E 13/5 M AMERICA OISC 16/6 17/6 19/6 EUROPEAN
      1,592 words
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      Page 36 Advertisements Column 3
      1243 36 Ini w isc *c u( u Ml Oil KT au rro uu CK w mc im um km nr hk ho as m str I I SEIITAY tE4*» 11/5 11/5 31/$ l/l 2/1 3/1 VI «/l 15/1 21,t 30.6 1/7 11/7 U/7 13/7 14/7 15/7 25/7 «/l I t 11/
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      2483 37 U II 'RHEIN BRIDGE 34W'ETA SGP 14/05/94 II II *53 II ETA RDM 30/05/94, FLX 31/05/94, II II II BRE 02/06/94, LEH 04/06/94 EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST USEC CANADA VESSEL VOY SGP LOS OAK VAN SET 1/7 << <// (IB I>II Oil
      2,483 words
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      Page 37 Advertisements Column 2
      1204 37 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 S 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:
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      1558 38 Kit iff AS AGENTS: "K" UNI (SINGAPORE) PTC LTD (CI NO: **********0M/GST REG NO: M 2 *****99-6) M TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I V MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD I U B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 v 1
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      1119 38 @APPENSHIP (Ss HAMBURG \7v/ CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST WESSCLS LOADING PORTS DISCHARGE LOMHNG FOR PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 16/06 TBN ANTW 28/05 SPORE 04/07 KOALA CONTAINER LINE STORE FIX HAM RTM LEH CS AUSTRALIA 4605 16/05
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      960 39 ff PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I SSSSSSSSS 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I MM U CR NO **********0E I VESSEL VOY SIN CMS JIB JED AOJ AOE HOD PZU ASA KOTA BE RAM BRNOO3 13/5 17/5 23/5 27/5 2«/5 24/5 31/5 3/6 KOTA WUAYA WJAO4I
      960 words
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      885 39 KSSELS VOY SM It MOW HAMBURG THAMES HOTtEIIOAM AHTWtltf WLLE OAQM.A AO3W 20/05 11/ M 13/Ot 14/0* 15/Ot 17/06 Wilt DHYOM HOW 25,-03 U/Ot II P* H/Ot 2Q/0t 22/OC WILE Ot ITHA YO3W 30/03 21/Ot 2i/0t 24 06 75/06 27/06 I WLLE 01 ytGA CO3N 30,06 02/0 03/07 04/07 06/07
      885 words
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      Page 39 Advertisements Column 3
      589 39 BSA it MYANMA «BBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Cdi MERGU VI23W In Pari PAGAN V2O9W In Part MYOMAYWA VIS2W 16/11 Mjy HPA AN V2O2W 16/18 May MALAYSIA AGENTS BOUSTEAO SHPPMG AGENCCS KUL TIL 03 *****00 PKL; Ttl 03 36M767 PEN: fa
      589 words
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      1051 42 ?+]}.&]!&`'[@`~$^=!~/^",/'.*(<' DIRECT BREAKBULK/CONTAINER SERVICE TO MANILA MV. "KYOWA ROSE" VOY 93 ETA 30-5-94 HEAVY LIFT AVAILABLE UP TO 30 TONS) I SMGAPORE SEAWAY SHIPPING PTE. LTD. VAffti (GENERAL AGENT) NATVUEST CENTRE *1503 SPORE 0106 TEL *****33 FAX *****53 TLX R5235/8 VVSS PWT KELAMC GULFSHP AGENCCS SON M TEL 03 36/99/0/1
      1,051 words
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      Page 42 Advertisements Column 2
      173 42 /Cndbbuu^ I Vv®2 NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES__J FOR I I MLAGRO Sated In PI FLU/ANT/UK I I ADAMASTOS 14/5 Sited FLU/ANT/NAN/IK I FOR I I NORBULK TBN 15/6 DBN/CPT/EL I I ALSO LOADS TG MAN! ANO KK PK SWK/SABAH LOADING
      173 words
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      692 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 'ST HOT LINE: *****33 (24 LINES) i j I 3 J 3 |ij IN 9 |ii*iL BHIJklBlklMkB GOTHENBURG/SCAN 15/5 ROTTERDAM 16/5 i AARHUS/COPENHAGEN 15/5 HAMBURG/BREMEN 16/5 MARSEILLE/FRANCE 17/5 FELIXSTOWE/UK 16/5 i BARCELONA/SPAIN 13/5 LEHAVRE/FRANCE 16/5 i GENOA/ITALY 16/5 ANTWERP/BELGIUM
      692 words
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      1076 43 1 IEBZPZI^—— W ggjl.llMi l*i»®it *21 SN JKI S? |VESSEL I VOY I «>M PEN I I ISWA BMUM Tu 17/5 1 BUNGA SEROJA 4077 Fri 13/5 Sal 14/S ®5? BHATRA BHUM 28S _14/5_ J7/5_ KOTA SURIA SRIBN Sun IS/S Tu. 17/5 »j| VIRA BHUM 18M Fri 13/5 Mon 18/5
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      Page 43 Advertisements Column 3
      252 43 NATIONAL EXPRESS >" J FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX: *****5®" EAST/WEST MEDITERRANEAN LCL CONSOL :j via BABCELONA to:t 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 43 Advertisements Column 4
      498 43 pi DONGNAM A LINE atowTAiwwiMo VESSEL set K BIN PNG HC w SMOMC HUttl V4OSN 12/5 13/5 14/5 14/5 »/5 27/5 HONCKONG GIO4Y V4OSN 14/5 11/5 21/5 31/5 1/4 MC EMERALD V4OSN 23/5 24/5 24/5 27/5 4/4 9/4 TU.SOAS MOM 34/5 1/4 2/4 13/4 15/4 BOWO TMAliaß—Si *sai ser mi
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      Page 44 Advertisements Column 1
      1726 44 MAC-NELS SPORE: *****22 (24 LINES) K —> N 'c/R No: ttOMTMOMC SIBU (084) *****9 KUCHING (082) *****3 PENANO: (04) *****8 BANGKOK (862) *****67 MANILA (632) *****81 P.KELANQ: (03> *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE 1 l-__________ PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 13/5 14/5 15/5
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      Page 44 Advertisements Column 2
      212 44 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD u» tin lift SPOtt POfH KEIANC PfNANG 81UI l«X 28 S LoadMiK toe NUie RUVAI HUDHU 11/4 bttluirfing and loadMH; toe Bombay OOtPHM 2IA loading for Malf PtOHK* SUNK* 12/5 Loading for Mal« UMMUDH U/5 loading for Mate HIOGHSS IMRIT n
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      Page 44 Advertisements Column 3
      1128 44 THONG SOON UNES PTE LTD 1 I /\y\ 78 SHENTON WAY #10-01, SINGAPORE 0207 f I W \y TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL [SPORE PEST VESSEL |VOY Is PORE IpEST EQUATOR ROYAL 102/4E 14 MAY
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      40 46 Ollf ZHlf'ft lictilltfc Looking to buy, sell or lease a Will dlliu lldllllgo new or used car? Look U/All'f ctani 1 i/A|| to The Straits Times u I3IWI JVM classified for the best wrong! <*«»s on wheels. ]J^| Law ~Tiri^L_
      40 words
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      Page 47 Advertisements Column 1
      40 47 T I EVERYBODY'S \rti~, li« i li\^^^^^*^ nefore you p lBO6 e|se > Straits Times Classified for cat! the best bargains around! l 7" JUST DESERTS v Legal discourses in digestible portions. Every Thursday. SINGAPORE nn Business Times WE KHOW ASIA
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  • Page 48 Advertisements
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      Page 48 Advertisements Column 1
      497 48 VESSEL VOYAGE SINGAPORE MANII# VIGOUR PACIFIC MliN 13/05 (FRI) 18/05 (WED) PERMOVAISK 9401N 17/05 (TUE) 21/05 (SAT) TWO SJIWGSJJEEKLY LANKA MAHAPOLA 9401N 20/05 (FRI) 25/05 (WED) FR T VIGOUR PACIFIC 9420N 24/05 (TUE) T 28/05 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE 1 GENERAL SANTOS DAVAO CEBU V.
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  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      712 48 I I 11 tiki I H'i'l 34 I 2 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 1100 1900 2000 2LOO 2200 2300 tt 3.0 2.S 2.4 I S 1.2 O S OS 0.4
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      Page 49 Advertisements Column 1
      947 49 A H YUNDZSTI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PGP* VESSELS VOY SIN RTM ANT* LEH* HAM Bgj FEL 11/05 13/05 14/05 SI MARINER 310W 16/05 03/06 04/06 06/06 04/06 04/06 07/06 18/05 20/05 21/05 H INNOVATOR 309W 23/05 10/06 11/06 13/06 11/06 11/06 14/06
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      Page 49 Advertisements Column 2
      476 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS vissu io? 5 R IK RR RUHR MM! V) SM IJS MMCt SKY Vl9 29 S 30 S 2/1 TMWM (IMS *31 SM la ft COSMIC CIMUIIKtI 13 I IS/I OUTBOUND VESSELS LOADING FOR SENBOKO TOKYO COSMIC CHALLENGKR VU
      476 words
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      Page 49 Advertisements Column 3
      1037 49 VESSEL VOY SIN ETA/0 LAX 1 OAK 1 CHI DAL MEM/COL I HOU j NYC 1 NOR GEORGE WASHINGTON BRIOGE 78A 19 20/05 05/06 07/06 0»/06 09/06 09/06 10/06 10/06 11/06 ALLIGATOR PRICE 51A 26-27/05 12/06 11/06 15/06 16/06 16/06 17/06 17/06 l«/ 06 HENRY HUDSON BRIDGE 75A 02/06 19/06
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