The Business Times, 19 May 1994

Total Pages: 48
1 48 The Business Times
  • 12 1 Business Times Wli KNOW ASIA MITA(P) 010/12/93 Thursday May 19 1994^ 75*
    12 words
  • 55 1 Reuter NEW YORK Deputy US Treasury Secretary Roger Alt man expects US gross domestic product to grow by 3 per cent in 1994 and inflation to remain low. He told the cable television network CNBC yesterday that the economy's underlying fundamentals were
    Reuter  -  55 words
  • 33 1 Reuter BRUSSELS European Union farm ministers are unlikely to agree this month on a 1994/95 farm price package, EU officials from several member states said yesterday.
    Reuter  -  33 words
  • 158 1 Stock market indices Tuesday Change ST1I 2,323.16 +18.67 KLSEComp 1,010.27 +18.31 Nikkei 20,152.73 +19.20 Hang Seng 9,476.64 +431.94 SET Index 1,325.47 +22.62 Jakarta Comp 477.21 +5.44 CLSA China B 979.81 +1.10 Aust All Ord 2,107.8 +11.8 FTSE 100 3,116.5 -7 Wednesday Previous 2pm close Dow Jones 3723.68 3,720.61 Average of
    158 words
  • 663 1  -  By William Chia SINGAPORE Listed Malaysian companies have reported a 19.28 per cent increase in total earnings to M 57.04 billion (554.15 billion) for 1993. A Business Times analysis, using data made available by Invcstamatic, shows that the industrial sector which
    663 words
  • 202 1 Aussie surges to 20-month high Reuter SYDNEY The Australian dollar finally broke free yesterday of the straitjacket in which it has been held for nearly four months to hit its highest level since September 1992. Analysts said the strongest factor behind the currency's rise to a 20-month high of 73.10
    Reuter  -  202 words
  • 551 1  -  From Ho Kay Tat in KUALA LUMPUR IN A FURTHER sign of its readiness to accept a stronger ringgit, Bank Negara yesterday dismantled another of a series of measures it had imposed to curb speculation on the currency. In its latest
    551 words
  • 457 1 Relief over promise of no more increases for time being Bloomberg Business News LAT, NYT, Reuter NEW YORK The Federal Reserve Board gave investors what they wanted on Tuesday: a hefty interest-rate hike, and more important a promise that that's all for now. The
    Bloomberg Business News; LAT,; NYT,; Reuter  -  457 words
  • 93 1 Reuter NEW YORK Blue-chip stocks were little changed at midday yesterday after investors took profits from Tuesday's sharp gains sparked by the Federal Reserve's move to boost short-term interest rates. The Dow Jones Industrial Average gained 10 points in early trading but then changed
    Reuter  -  93 words
  • 131 1 SINGAPORE Investors yesterday warmly greeted the rise in short-term US interest rates, sending share prices in the region higher. Posting the sharpest gain was the Hongkong market, where the Hang Seng Index jumped 431.94 points or 4.8 per cent to 9.476.64. In Singapore, the easing
    131 words
  • 432 1  -  By Joyce Quek SINGAPORE The rival Yeo family factions battling to wrest control of listed food and beverage group Yeo Hiap Seng met in court yesterday and agreed to postpone any action till next Monday. Meanwhile, property magnate Ng Teng
    432 words
  • Page 1 Advertisements
    • 146 1 CH23I: HwnovaMt CO Tur*r mrih DSP Sound Pi ctss "CO lunger Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone; *****33 Kuala Lumpur: Phone; 757 0233 Panaiig: Phone; 615 985/619 014 Jakarta; Phone; *****9/*****8 STporc New 2 ££^3^15,16,17 Reponal News 3.4.5 Financial 20.21 World News 6.7 Fufavts Markets Analysis 13
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    • 18 1 Corporate Focus: Pg 20 Region's reaction to Fed move Foreign law firms see uncertainties in Vietnam, Pg 13
      18 words
    • 25 1 Hock Lock Siew: Pg n Genting-GIL deal a boon for both American and Asian executives hit out at conflicting US policies on Asia, Pg 16
      25 words
    • 186 1 The Line: p g 16 Asia, s rise ahd America's decline EXCEPTIONAL VALUE FOR MODERN CLASSICS. IT'S MUCH MORE AFFORDABLE THAN YOU THINK. WE SALUTE THE 20TH CENTURY MASTERS. All items fully imported from Italy. We guarantee our quality specifications equal or exceed that of similar furniture sold at several
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 294 2  -  By Teh Hooi Ling WHOLESALE prices continued their decline in the first four months of 1994. Latest figures from the Department of Statistics show that the manufactured products price index for April was 79.8, down four percentage points from a year ago. The index, which measures
        Source: Dept of Statistics  -  294 words
    • NEWS ROUNDUP
      • 68 2 THE National University of Singapore and the Nanyang Technological University will increase their tuition fees by one per cent for academic year 1994/5. The revised fees will apply to existing and new students, with National Servicemen enjoying a two-year lag. Fees for Asean
        68 words
      • 81 2 THE Construction Industry Development Institute, located along Braddcll Road, was officially opened by the Acting Minister for National Development, Lim Hng Kiang, yesterday. He said that to meet keen competition from more international and regional players, the local industry must develop specialised skills and expertise
        81 words
      • 63 2 SINGAPORE will play host to about 600 dermatologists from all over the world who will be attending the 11th Regional Conference of Dermatology from May 21 to 24. The event, organised by the Dermatological Society of Singapore, will be officially opened by Minister of State for Health and
        63 words
    • 318 2  -  B* Soh Tiang Keng BANK lending to professional and private individuals soared by 37 per cent to $10.4 billion in February this year despite the softening of the stock market, the Monetary Authority of Singapore said yesterday. MAS, in its latest
      318 words
    • 200 2 SINGAPORE Telecom chief executive Wong Hung Khim yesterday urged companies to make use of available technology to further their businesses. He was speaking during the commissioning of a Sl3 million intelligent network system that will enhance the services offered by Telecom and
      200 words
    • 306 2  -  By Sean Ang SINGAPORE Technologies Ventures (STV) has teamed up with Dornier Medizintechnik GmbH, a member of Germany's Daimler Benr Group, to develop and market a specialised medical equipment in the Asia Pacific region. Dornier Medinzintechnik currently has 25 per cent
      306 words
    • 227 2  -  By Corinne Kerk GUIDING shoppers to the new K-mart Metro in Marina Square are about 80 pairs of big footprints. Bearing a capital letter "K", these footprints arc pasted on the floor, and lead all the way to the discount store, which opens today.
      227 words
  • Page 2 Advertisements
    • 223 2 n MI M M M N 1 THE FRAGRANCE FOR MEN EMI N A R 1 i V From moments of truth towards the age of paradoxes Winning the Customers Revolution Seminar conducted by: Mr. Jan Carlzon Former C.E.O. and President of Scandinavian Airlines System and author of the best
      223 words
    • 331 2 3RD ASIA PACIFIC CONFERENCE 21 22 June 1994 Hotel Istana, Kuala Lumpur We are pleased to announce an additional Keynote Presentation: Mr Hari Permawan, President Director, Matahari Group, Indonesia. EXPERT SPEAKERS INCLUDE: ATTEND THIS CONFERENCE AND YOU Selwyn Mar, President China Operations, WILL: Sinccrc Department Store, Hong Kong Q yj
      331 words
    • 7 2 Dornier's treatment make surgery unnecessary Pg 12
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  • SOUTH-EAST ASIA
    • 487 3  -  New govt ruling will add 40b baht to costs, delay work further From Loh Hui Yin in BANGKOK THE Thai government has decided that parts of Bangkok's three mass rapid transit systems must be built underground, jacking up costs by
      487 words
    • 452 3  -  From Al Labita in MANILA MANILA President Fidel Ramos yesterday signed into law a Bill which eases entry of foreign banks into the country. The law amended the 49-year-old General Banking Act, which had allowed only four foreign banks to
      452 words
    • 296 3  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA will be allowed to export 1,000 units of its national car to Indonesia under a barter trade arrangement in which Kuala Lumpur will buy the Indonesian made CN-235 aircraft in return.
      296 words
    • 453 3  -  By Peter Osborne SINGAPORE Indonesia is set to announce in the next few weeks moves to further deregulate its economy in an effort to boost exports and investment in the face of declining oil revenues and foreign investment. In an exclusive
      453 words
    • 38 3 AFP HANOI French singer Patricia Kaas hoping to catch the attention of cyclists with a poster advertising her concert at the Hanoi Exhibition Centre this Monday. Tickets cost 20,000 dongs (about Ss3) each. AFP
      AFP  -  38 words
    • ASIA NOTES
      • 72 3 AFP MANILA Investment commitments in priority areas in the Philippines rose 54 per cent on an annual basis to 61.02 billion pesos (553.4 billion) in the first four months of 1994, the government's Board of Investments said yesterday. Planned investments in the manufacturing sector accounted for 57
        AFP  -  72 words
      • 99 3 Reuter. AFP JAKARTA A row between Indonesia and the Philippines widened yesterday as Jakarta, angered by Manila's reluctance to ban a conference on Last Timor, postponed several bilateral visits. The official Antara news agency said a visit to Manila by an Indonesian student delegation had been put
        Reuter.; AFP  -  99 words
      • 67 3 Reuter HANOI Vietnam's Finance Ministry has proposed that the government issue bonds on international capital markets to raise money for economic development, the official Vietnam News Agency said yesterday. The agency also indicated that official estimates of the amount needed by the turn
        Reuter  -  67 words
      • 57 3 AP HANOI Vietnam posted a USSIS3 million trade deficit during the first four months of the year, as imports rose by 29 per cent over the same period last year, the state-run Vietnam News said yesterday. Vietnam imported US$l billion worth of goods in the four
        AP  -  57 words
  • Page 3 Advertisements
    • 121 3 ID/ wkJ J With 45 hotels in Asia Pacific. T jQLy H^D ITT Sheraton the for business travellers. Take, for example. Sheraton Hong Kong Hotel Towers, with u x*.' 895 superb rooms and suites overlooking Via x J|HH the constantly unfolding drama of Victoria Harbour. And now, when you stav
      121 words

  • CHINA/HONGKONG/TAIWAN
    • 542 4 Reuter BLIJING China's gross domestic product should grow by about 12 per cent during the first half of this year and inflation will decline thanks to efforts to stabilise the economy, a senior official said. State Planning Commission spokesman
      Reuter  -  542 words
    • 328 4 AP WASHINGTON Nearly one-fourth of the House of Representatives urged President Bill Clinton on Tuesday to extend China's favourable trade status with no conditions attached. The lawmakers, in a letter to the president, also called for a bilateral commission of government
      AP  -  328 words
    • 207 4 Knight-Ridder HONGKONG Lack of enforcement and administrative difficulties are hurting China's effort to crack down on copyright and intellectual property violations. Hongkong's Commissioner of Customs and Lxcise Donald Watson yesterday said the colony was both a major market and transshipment point for pirated goods
      Knight-Ridder  -  207 words
    • 266 4 AFP BLUING China's State Development Bank (SDB> is to pump more than USSBOO million (SSI.2 billion) into the country's cash-strapped power sector vvhieh is struggling to meet increased capacity targets, the China Daily said yesterday. The SDB. one of three new policy
      AFP  -  266 words
    • 230 4 Reuter HONGKONG British and Chinese negotiators discussing the disposal of military land in Hongkong said yesterday that their seventh day of talks had ended without an agreement. They did not say when they would meet again. British team leader Allan Paul said
      Reuter  -  230 words
  • Page 4 Advertisements
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  • REST OF ASIA
    • 454 5 Reuter TOKYO Japanese Prime Minister Tsutomu Hata, attempting to prolong the life of his shaky minority government, has warned the country that an early election would jeopardise hard-won political reforms. Yesterday's caution followed a demand on Tuesday from the leader of the largest opposition
      Reuter  -  454 words
    • 38 5 Reuter A guard using a loudspeaker Co control a long queue in Tokyo's Ginza shopping area yesterday, waiting to buy "Dream Jumbo' lottery tickets, with a grand prize of 60 million yen (*****,200).
      Reuter  -  38 words
    • 438 5  -  From Koichi Ishiyama in TOKYO IN LINE with moves by Japanese companies to transfer production to the region in the face of a strong yen, Fujitsu General and Yamaha Corp have announced plans to shift some aspects of their production
      438 words
    • 208 5 AP OITAWA The US could be only weeks away from a major crisis with North Korea if the Communist nation refuses to cooperate with international nuclear weapons inspectors, Defense Secretary William Perry said on Tuesday. The standoff with
      AP  -  208 words
    • 293 5 AFP WELLINGTON New Zealand's budget surplus in the next financial year will be about NZ$5OO million, (Ss4so million) less than private sector forecasts. Finance Minister Bill Birch yesterday said private sector economists' predictions of the 1994-95 surplus ranged past the NZ$l
      AFP  -  293 words
  • Page 5 Advertisements
    • 377 5 members the Comex expedition the the depth of 518 m below surface the Mediterranean. During this eight-day mission, they relied on an extraordinary timepiece: the Rolex Sea-Dweller. Part of what makes a Rolex Oyster so dependable is the design i£P wr~Wf"S*~Y jr case, which is from a metal, using as
      377 words

  • Page 6 Advertisements
    • 257 6 HOW TO KEEP YOUR CPF NEST I I I I I I B I I I I I I EGG FROM I I I I ffS J *>f*c •»r«v*- vslkj»- ir u wi*. M. JB Jl■ aZEHBSi .v- < I s3 I H I:■-"*, :T. ~.qfr*" sSM. '?<. »«>* r
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  • THE WORLD
    • 464 7 Bloomberg Business News WASHINGTON The US unemployment rate could decline to about 6 per cent from the present 6.4 per cent without igniting inflation, Alan Blinder, US President Bill Clinton's nominee to the Federal Reserve Board, said on Tuesday. That
      Bloomberg Business News  -  464 words
    • 117 7 Reuter LONDON British unemployment fell sharply in April but signs yesterday that wages are creeping up raised fears of higher inflation and suggested interest rates are unlikely to fall further. Official figures showed unemployment fell 36,800 in April to 2.68 million or 9.5 per cent
      Reuter  -  117 words
    • 50 7 AFP CAIRO Egyptian lawyers trying to escape from the lawyers association headquarters after riot policemen fired tear gas in central Cairo on Tuesday. Most of Egypt's 180,000 lawyers are on strike to protest the death of a jailed colleague allegedly tortured to death by police. AFP
      AFP  -  50 words
    • 106 7 Reuter LUXEMBOURG The European Court of First Instance yesterday told the European Commission it was wrong not to investigate a deal between Britain and Japan limiting Japanese car imports to Britain to 11 per cent of total sales. The court was ruling in an action
      Reuter  -  106 words
    • 73 7 AFP JOHANNESBURG South Africa's dominant party, the African National Congress (ANC), has more than doubled the expected cost of its ambitious plan to wipe out apartheid's backlogs, reports said yesterday. Hie Reconstruction and Development Programme (RDP), the cornerstone of President Nelson Mandela's government of
      AFP  -  73 words
    • 89 7 Bloomberg Business News LONDON Peter Sutherland, the Irish director-general of the General Agreement on Tariffs and Trade, on Tuesday night signalled he was willing to stand as a candidate to succeed Jacques Delors as president of the European Commission, the Financial Times reported. Mr
      Bloomberg Business News  -  89 words
    • 261 7 Bloomberg Business News SAN FRANCISCO Boards of directors at Californian companies expect top management to perform at top levels if they arc going to be paid top dollar, in the wake of new rules covering executive pay, a William M Merccr Inc
      Bloomberg Business News  -  261 words
    • 239 7  -  From Leon Hadar in WASHINGTON ON THE eve of a longawaited official visit by India's Prime Minister to Washington, the US Senate Foreign Relations Committee moved on Tuesday to speed up the confirmation process of America's ambassador to India. Prime Minister
      239 words
    • 590 8 NYT FRANKFURT Few of the 15 n banks and businesses owed money by Jurgen and Claudia Schneider, the fugitive German real estate tycoons, will ever be paid because the couple's debts far outweigh their assets, a court-appointed receiver said on Tuesday. "I don't
      NYT  -  590 words
    • 448 8 Reuter BRUSSELS East European farmers are frustrated that trade concessions offered by the European Union have failed to live up to the political rhetoric and that their exports to the EU have fallen. Association agreements between the EU and Poland, Hungary, the Czech
      Reuter  -  448 words
    • 57 8 Reuter GAZA STRIP A Palestinian policeman lifting his AK--47 early yesterday and blasting off his entire clip of bullets as he gives the victory sign in jubilation marking the end of the Israeli militarv occupation of Gaza City. Israeli soldiers had moments earlier left the central army
      Reuter  -  57 words
    • 396 8 Reuter l-RANKFURT The Bundesbank sanctioned another hefty fall in a key interest rate yesterday, but financial markets gave the eut a lukewarm greeting as they fear Germany is nearing the end of its rate reduction cycle. I he Cierman central
      Reuter  -  396 words
    • 317 8 FT ROME Italy's new government has given its strongest signal yet that it will honour the country's wide-ranging privatisation programme by pressing ahead with the flotation timetable of Ina, the insurance institute. Shares are due to be placed on the market at the end
      FT  -  317 words
  • Page 7 Advertisements
    • 177 7 ECONOMIC SOCIETY OF SINGAPORE AND DEPARTMENT OF ECONOMICS AND STATISTICS NATIONAL UNIVERSITY OF SINGAPORE SEMINAR ON FINANCIAL MARKETS IN SINGAPORE AND THE REGION TRENDS, ISSUES PRODUCT OUTLOOK Gain insight into Singapore's key financial maikets Examine the latest trends Assess prospects for regional investment Venture Capital Catalyst of Industrial Growth Mr
      177 words
    • 180 7 w n ".t LONDON 5.30 AM ROME 7.15 AM ll J| FRANKFURT 7.20 AM -< PARIS 9.35 AM QANTAS TAKES A FRESH APPROACH TO EUROPE 24 TIMES A WEEK. When you fly Qantas to Europe, you'll the little extra thought we've put into our service that have prompted UK's Sunday
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  • Page 8 Advertisements
    • 88 8 SB I i jg* w* > 11*" 4 I 9PVIMHI MWife m *«r together, across the Asia Pacific. I HrnVM j^H 1 e business opportunities. M jjpjr The potential. Waiting >o be tapped across ,he identifying the necessary iH OUB. Working Overseas Union Bank Limited Singapore, Malaysia, Brunei, Bangkok, Jakarta,
      88 words

  • SPORTS
    • 367 9 Golf AFP LONDON Severiano Ballesteros has called for a decision on the venue for the 1997 Ryder Cup to be postponed after claims which could amount to allegations of bribery. The Spanish ace, expected to captain the Europe team when the bi-annual
      AFP  -  367 words
    • 305 9 AP, Reuter JAKARTA China, the defending champion, secured a spot in the final of the women's badminton Über Cup tournament yesterday after winning three of five matches against Sweden. Playing before 10,000 fans at the sold-out Jakarta's Senayan Sports Palace, Ge Fei and Gu
      AP,; Reuter  -  305 words
    • 52 9 Reuter TOKYO American grand champion Akebono collapsing on the ring as he was upset by Takatoriki on the 1 Ith day of the 15-day Summer Grand Sumo tournament here yesterday. Akebono was tied with Takanohana for the lead at 10-1 in the
      Reuter  -  52 words
    • SPORT SHORTS
      • Article, Illustration
        72 9 AP NEW YORK Major I^eague Tuesday National: Chicago 11 San Diego 4; Cincinnati 4 Atlanta 3 (in 10): Philadelphia 6 Montreal 5; Pittsburgh 0 St Louis 2; NY 4 Florida 3; Houston 2 SF 5; Colorado 7 LA 6. American: Seattle 0 Kansas City 4; Cleveland 7 Milwaukee 3;
        AP  -  72 words
      • Article, Illustration
        34 9 AP NEW YORK NBA Conference semifinals Tuesday Eastern: Atlanta 88 Indiana 76 (Indiana leads best-of-seven series 3-2). Western: Houston 109 Phoenix 86 (Houston leads 3-2); Utah 101 Denver 109 (Utah leads 3-2). AP
        AP  -  34 words
      • Article, Illustration
        49 9 AFP LEICESTER, England New Zealand strolled to victory here on Tuesday in their final tour match before their first one-day international. The tourists were set a modest 170-run target by Leicestershire in the 55 overs match, and romped home by seven wickets with 21 overs to spare. AFP
        AFP  -  49 words
      • Article, Illustration
        43 9 AFP LONDON US Masters winner Josea Maria Ola/abal has been voted Golfer of the Month from among members of the Professional Golfers Association European Tour. The 28-year-old Spaniard receives a trophy and £2.000 (554.640) for golfing charities from the award's sponsors. AFP
        AFP  -  43 words
      • Article, Illustration
        16 9 CARCASSONNE, France International Handball tournament Tuesday: Japan 20 France A 20; France b Israel 22-20.
        16 words
      • Article, Illustration
        20 9 NEW YORK Stanley Cup Eastern Conference finals Tuesday: NY Rangers 4 Now Jersey 0 (Bcst-of-seven scries tied 1-1).
        20 words
      • Article, Illustration
        40 9 AP LISBON, Portugal Wales pounded Portugal 102-11 on Tuesday in a Western Europe World Cup qualifying match, shattering an international scoring record and moving the 1994 Five Nations champions to within a game of a World Cup slot. AP
        AP  -  40 words
      • Article, Illustration
        28 9 AFP lALSANNK, Switzerland Fifa president Joao Havclangc said here on Tuesday the 1998 World Cup in France would have 32 finalists eight more than at present. AFP
        AFP  -  28 words
      • Article, Illustration
        71 9 UPI BEIJING China's world-class swim team claims they have the original soft-shelled turtle elixir which Chinese athletes swear by for their top performances. Chen Yunpeng. China's most prominent swimming coach, denied reports that he was using the same turtle formula as Ma Junren. China's women's track coach. "We've been
        UPI  -  71 words
      • Article, Illustration
        117 9 Reuter AFP NEW YORK Jennifer Capriati, who faces drug charges in Florida, said on Tuesday she was grateful for the support of her fans and was together with her family. The 18-year-old. currently on indefinite sabbatical from the professional circuit, was arrested on Monday in Coral Gables. Florida and
        Reuter; AFP  -  117 words
    • 692 9  -  Michael Karem reports on the upgrading of facilities by Grand Slam organisers Michael Karem The writer is a London-based freelance writer who contributed this article to Business Times THE START of the French Open Tennis Championship on Monday also sees the first fruits of a round of
      692 words
  • Page 9 Advertisements
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    • 418 9 I Straits Steamship Land Limited I (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL I I GENERAL MEETING I I ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General H I Meeting of the Company which will be held in the Straits Room, 10 Collyer H Quay
      418 words

  • Page 10 Advertisements
    • 1104 10 Nothing Beats A Bud. where to wine, dine and entertain or FRESPfI .PASTA fr>AILY. V Prom Pasta Fresco. Th« only rostouront to moko its own spociolty pasta. ovorydoy. Savour poifoct pizza, groat gotati and torrHlc ttramliu. All toppod vwtth Itoltan hospitality. wSSfIPw Posto tatca Oa laMHw Hi Ltd JO Boot
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    • 285 10 nil Mil AX THE CHATTERBOX 13 22 May 1994 4 chefs from Lai Lai Sheraton have made a come back due to popular demand Don t miss this opportunity to savour authentic Taiwanese dishes during the food promotion •uffet lunch $20.50** <Adult)/|l2.oo** (Child) Buffet dinner: $22 50*♦ (Adult)/|12.00«« (Child) (Prices
      285 words

  • LIFESTYLE
    • Article, Illustration
      1023 11  -  John Malkovich says he "goes into other people's skins' when he is acting. Mel Gussow discovers the other Malkovich the Chicago stage director Mel Gussow NYT As AN ACTOR, John Malkovich repeatedly transforms himself. In his words, he can "go into other people's skins". These people happen to
      NYT  -  1,023 words
    • 52 11 Reuter LOS ANGELES These two photographs of the late actress Marilyn Monroe have never been shown before. They were taken by Milton Greene, and will be used as part of a documentary programme which will be televised on June 1 on Showtime cable television
      Reuter  -  52 words
    • 320 11 CHATTERBOX UPI AFP UPI UPI FRENCH Culture Minister Jacques Toubon presented Clint Eastwood with an award making him a Commander of the Order of Arts and Letters. The actor and Oscar-winning director, the president of the Cannes jury this year, apologised in his brief acceptance speech for
      UPI; AFP  -  320 words
  • Page 11 Advertisements
    • 65 11 ETbeStraitsllmes ven if you are Businessta in Taiwan, we can still brine you v) V|WfgQ\ our latest news. mams Grand Hotel Brother Hotel Lai Lai Sheraton Magnolia Hotel JHi r VV\e^ Taipei Hilton Hotel 4? Grand Hyatt I fgna■vnwppVTPpnvpnPPVl ptoj eCtSi hW5 rri'niii'iiriiriiin J flBH South Asia Publications (Taiwan) i
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    • 41 11 An Unbeatable \fahie! Knjoy an assortment of fresh Sushi and California Roll accompanied with Seafood Teapot Soup and Japanese pickles. Also includes a complimentary Bud Light/Bud Dry. M «V*V* -—i m >*% IP IS2 Ha rflark W 01H TeL *****22 he *****14
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  • Page 11 Miscellaneous
    • 1207 11 I TV RADIO I on one the mon to about developed Piercing the v J^^^\V Sub vf ploded onto the stage the 4^Ml^l early *608. But although largely *^H ignored by the Japanese them- '^K selves for mocking traditional J® has managed to to the West. aj^^ AJubat Godaan, 10pm,
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  • INNOVATION & TECHNOLOGY
    • 298 12  -  Sean Ang on an unusual link between an aircraft firm and modern medicine Sean Ang Supersonic aircraft and kidney stones have more in common than you think. And the link between the two lies in the name Dornier. While investigating the
      298 words
    • 350 12 AP IN a complex of buildings in Frederick, Maryland, a team of US government investigators sorts through bags of dried and crumpled plants, looking for drugs. But the probe has nothing to do with a bust. These investigators are chemists, using state-of-the-art analytical
      AP  -  350 words
    • 472 12 AFP BREAST CANCER researchers have some advice for twenty-some-thing women starting to put on a few extra kilograms: Lose weight. A study suggests that weight gain around age 30, even just an extra 4.5 kg to 9 kg, may substantially increase
      AFP  -  472 words
    • 204 12 Reuter ANEW cancer-fighting agent made from mice antibodies and bee stings could be ready for human testing within two years, Australian researchers said yesterday. The agent was successful in fighting cancer cells in test-tube testing, said Peter Hudson, professor of biochemistry
      Reuter  -  204 words
    • IN TAKES
      • 105 12 Bloomberg Business News LONDON Clive Sinclair, who gave the world the pocket-sized calculator (respected) and the electric tricycle (ridiculed), is resurrecting himself... again. His company, Sinclair Research Ltd, is back on the innovation trail, with three new products: a tiny, cheap microprocessor for multi-media
        Bloomberg Business News  -  105 words
      • 82 12 AFP PARIS The Frcnch Atomic Energy Commission on Monday announced a breakthrough in physics with the discovery of the fifth and heaviest of the so-called "double magic nuclei", an isotope of tin. The isotope, known as tin 100, contains 50 protons and 50 neutrons,
        AFP  -  82 words
      • 83 12 UPI TEXAS Summertime, and the sounds are abuzzing from fireworks to lawn mowers to open-air concerts to loud music on car stereos. But doctors warn too much of the sounds of summer can be harmful to your hearing. Researchers at the University of
        UPI  -  83 words
      • 83 12 UPI SAN FRANCISCO University of California, San Francisco researchers have found that a recently discovered blood protein can boost the immune function of human foetal cells. The finding reinforces the protein's potential value as a treatment for Aids. The protein, known as interleukin-12, was able
        UPI  -  83 words
  • Page 12 Advertisements
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      291 words

  • THE LAW PAGE
    • 1394 13  -  Several foreign law firms have opened representative offices in Vietnam over the past year. Prohibited from practising Vietnamese law. they can only play a limited role, Harish Mehta reports from Vietnam Harish Mehta FABIAN TEO, a Singapore lawyer in his late-20s, sips Vietnamese
      1,394 words
  • Page 13 Advertisements
    • 145 13 A Champion's Time. A Sincere Reward. TT *****.789. The Royal Oak Championship Edition in tantalum and steel. Dedicated to the sporting exploits of Nick Faldo. Extra-flat quartz movement, water-resistant to a depth of 5 atm. Nick Faldo, three-time winner of the c British Open and twice winner of the r
      145 words
    • 234 13 I PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE I I 6 Hillview Road I I FOR SALE BY TENDER I I Large land area of over I Jl4 li Potential residential plot I I HUVIEW'-t I *2 AD 1 ratio of 1.92 I reserve T Perfect for condominium I I Freehold title
      234 words

  • 559 14 EDITORIAL ASIA's time has come. One after another, its economies are taking off. The West can either encourage this expansion by pursuing open trade and riding on Asia's boom, or hinder it by resorting to protectionism. The first approach would create a win-win situation for
    559 words
  • WHAT THE OTHERS SAY
    • 290 14 ONE OF the suggestions made by the National Wages Council (NWC) is that companies which do exceptionally well this year should consider rewarding their employees with a one-off special bonus. Also, the variable bonus need not be capped rigidly at the existing quantum agreed on, it
      290 words
    • 140 14 ONE WAY to slow down escalating private property prices is to create more supply. This has been done by the release of state land. In fact, the Urban Redevelopment Authority reported that 54 per cent of private properties were not taken up last year. Then why the
      140 words
    • 177 14 WHILE ideological differences have largely faded from the world arena, conflicts in economic and trade relations between the Western and the developing countries seem to be getting more acute. Western countries, led by the United States, are bent on applying pressure on others to
      177 words
    • 162 14 ALTHOUGH the context may not quite be the same, we cannot help but be reminded of the words of Jose Ortega y Gasset as we recall President Suharto's recent call for Indonesians once again to strengthen their sense of nationalism as the nation stands on the
      162 words
    • 140 14 EAST and West used to viewed each other with mutual incomprehension. The libertarian ways of the West were quite at odds with the ethos of the East. Western ideals have shaped many an Eastern mind, and implanted on societies a generation of Westernised youngsters at
      140 words
    • 119 14 OF ALL the stupid and ill-informed comments made in the course of the debate over the renewal of China's Most Favoured Nation (MFN) trading status, the stupidest has now been made by George Mitchell, the leader of the Democratic majority caucus in the United States Senate.
      119 words
  • 1293 14  -  Although Hongkong banks are now enjoying bumper profits, John Gapper and Simon Holberton explain why that happy situation isn't likely to last long Simon Holberton John Gapper FT SEEN at night from the Star Ferry as it makes its way across Victoria Harbour towards
    FT; Source: SG Warburg, HSBC Holdings  -  1,293 words
  • Page 14 Advertisements
    • 453 14 The International Congress HI and Exhibition on Quality Raffles City Convention Centre, Singapore 24 26 August 1994 Organised by I PjfflffffßSffßMllHßßl Singapore Quality j institute(SQl) HaiaiSaflMMaaUUkSaiMHß^HHlH Supported by Quality is the key element to success. It has The sco P e <* the hlb,uon intended to be very The Centr,
      453 words
  • Page 14 Miscellaneous
    • 51 14 Boeing 1 moving? bristolo,! s good foR Q c ir HOuj R*?e THINGS V \R IPMJGV4, BRISTOU SOWING 6>O£\NG... BORING 60R1KGL n THE guvinG eoRiNG SORJNG (CORING \pePf=N<2TVie.NT ?J J e>oR»NG e>oewG DOONESBURY GARRY TRUDEAU EMBR THINK COL' CONTACTSf EACH OTHER. Mf nu HRK J ie&MMr'vz > Pu&.sAYirz ~> r
      51 words

  • ANALYSIS
    • 1713 15  -  Goh Keng Swee provides insights from a new study into the development of a vital, but little understood, sector of the Chinese economy Goh Keng Swee The writer is Singapore's former deputy prime minister and currently executive chairman of the Institute of East
      1,713 words
    • 1232 15  -  Leon Hadar discusses the pressures building up on the US president as the June 3 deadline for extension of China's preferential trade status approaches Leon Hadar The writer is BT's Washington Correspondent BEFORE he leaves for Europe next week, President Bill Clinton
      1,232 words
  • Page 15 Advertisements
    • 328 15 From one of the great cities in the world, one of the greatest investments you could make. iv- i-'-V"---^r f This weekend, you will have an opportunity to invest in a piece further on, the Central Business District itself. of prime real estate in the city chosen for the 2000
      328 words

  • 616 16  -  Asia Society International Corporate Conference By Yang Razali Kassim SINGAPORE American business executives yesterday joined Asian corporate and other leaders in criticising the United States' conflicting stand on Asia. Dismissing Washington's inconsistent policies towards Asian nations, from China
    616 words
  • 261 16  -  By Walton Morais SINGAPORE Prime Minister Goh Chok Tong and his New Zealand counterpart Jim Bolger yesterday discussed the possibility of joint cooperation in Singapore's regional projects during a meeting on the sidelines of the Asia Society conference. Mr Goh, who
    Reuter  -  261 words
  • 469 16  -  By Yang Razali Kassim SINGAPORE The emergence of China, Vietnam and India is diverting investments away from Asean. To overcome this and remain competitive, the six-nation grouping must press ahead with economic cooperation through its free trade area. "As China's
    469 words
  • 313 16  -  By Yang Razali Kassim SINGAPORE Two new sub-regional economic zones in South-east Asia are developing fast, adding to the Growth Triangle around Singapore and the Indonesia-Malaysia-Thai-land Triangle around Penang. Thai Deputy Prime Minister Amnuay Viravan told the Asia Society
    313 words
  • 357 16  -  By Vikram Khanna SINGAPORE Holding the first ministerial meeting of the new World Trade Organisation (WTO) in Singapore would be "very expensive," a senior US trade official said yesterday. Explaining why US Trade Representative Mickey Kantor had opposed Singapore's
    357 words
  • 829 16  -  The Bottom Line YANG RAZALI KASSIM YANG RAZALI KASSIM The writer is BT's regional analysis editor AS Asia surges forward on the crest of its economic boom, the flux in American foreign policy continues. One incident last week underscored it when US Trade
    829 words
  • 164 16 Reuter LONDON The British government is about to tackle the most controversial stage of its privatisation programme, planning to discuss the future of the post office at a meeting later this week, a television report said on Tuesday. Privatisation of the postal service
    Reuter  -  164 words
  • 173 16 AFP MANILA Philippine central bank governor Gabriel Singson yesterday offered to assist institutions hit by a government securities scam, which police have linked to a banker's suicide. The local banking cartel also pledged to step in amid reports that several of
    AFP  -  173 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        43 17 Firm Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled Barings. Daiwa. b'raser. GK Goh. Kay Hian. Morgan Grenfcll. Phillip. Smith Sen Court. Tat l-ee and SG Warburg
        43 words
      • Article, Illustration
        149 17  -  -By Paul Leo Hai Sun Hup is a buy at $1.73 as the technical indicators are bullish. Daily and weekly Relative Strength Indices have bounced up from oversold region. Monthly RSI is fast approaching 25, indicating that any further price weakness will push the stock into oversold region.
        149 words
    • 339 17  -  By Joyce Quek SINGAPORE Singapore Press Holdings (SPH) announced yesterday that it has sold its 5 per cent stake in South China Morning Post (Holdings) Ltd for HK5343.1 million (5568.7 million). The announcement by the listed media and publishing group confirmed
      339 words
    • 286 17 SINGAPORE Slightly more than half of HBM Print shares will go to small investors who applied for fewer than 10 lots of the colour separation and printing company's initial public offer shares. The 50,703 applicants or 87.2 per cent
      286 words
    • 236 17 SINGAPORE Sesdaq-listed Aztech Systems Ltd has shelved indefinitely its plans to expand its manufacturing operations into China. Instead, the company the world's third largest sound card producer with a 17 per cent market share is now looking at alternatives closer to
      236 words
    • 949 17  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Last Tuesday, Genting Bhd announced it was acquiring a paper mill and a power plant from sister company Genting International Ltd (GIL) for MsBlo million (Ss47B million). Unlike recent mega-deals which are mostly financed by new share
      Source: Bloomberg  -  949 words
    • 273 17  -  By R Sivanithy SINGAPORE British investment house SG Warburg yesterday confirmed market talk that it is issuing a basket of covered warrants on the shiprepair sector. A Warburg spokesman said the basket will comprise shares of Jurong Shipyard, Keppel Corporation, Sembawang Shipyard
      273 words
    • 268 17 SINGAPORE Listed construction firms Guthrie GTS and Lee Kim Tah have joined forces with Singapura United Tobacco Pte Ltd (SUTL) to develop a US$l5 million (Ss23 million) service apartment project in Cambodia. The three equal partners have formed a company, Neldon Ltd, to
      268 words
    • COMPANIES
      • COMPANY BRIEFS
        • 76 18 SINGAPORE Transportation-based group Comfort Ltd will launch its much-expected initial public offer today. The share offer expected to be the biggest so far this year in Singapore will be lead-managed and underwritten by DBS Bank. N M Rothschild and Sons is co-manager. Comfort obtained in-princi-ple
          76 words
        • 56 18 SINGAPORE Hong Leong Finance has placed out 14.5 million shares or about 7 per cent of its share capital at $4.24 each through Baring Securities. A Barings official said the shares were bought by institutional clients. Hong Leong Finance ended at $4.40 on a
          56 words
        • 43 18 Bernama KUALA LUMPUR A trading restriction imposed on Mayban Securities Sdn Bhd, limiting it to trade on a net selling basis, has been lifted with effect from Tuesday, the Kuala Lumpur Stock Exchange said yesterday. Bernama
          Bernama  -  43 words
        • 91 18 SINGAPORE Hiap Moh Corp Ltd said yesterday that its subsidiary, Hiap Moh Paper (Beijing) Co, has acquired 2,155 sq m of property at the Beijing Economic Technical Development Zone for 5.7 million renminbi (Ssl.ol million), exclusive of 485,860 renminbi, being costs of installation of
          91 words
        • 100 18 SINGAPORE Chemical Industries (Far East) Ltd yesterday said it will subscribe to 3.25 million shares of US$l each in a newly incorporated Singapore company known as Quan Xin Enterprises Pte Ltd. The investment will cost the company US$3.2 million (554.9 million) and
          100 words
        • 120 18 Bernama KUALA LUMPUR Lien Hoe Corporation Bhd's recent acquisitions, particularly in the timber sector, will be a major contributor to earnings from 1995. The company has recently acquired 70 per cent stake in North Sumatera Timber Sdn Bhd, which in turn has acquired 70 per
          Bernama  -  120 words
        • 64 18 Reuter BANGKOK The Stock Exchange of Thailand is tightening settlement regulations in a move seen as further discouraging contra trading in the same stock. From May 25, a client buying and selling the same stock in one day has to pay the full amount of
          Reuter  -  64 words
      • 347 18 AFP LABUAN Sabah Shipyard of Malaysia has built the world's largest power barge for the Philippines and it is working on two more offshore power generators. "We hope once this power barge is installed, there'll be fewer blackouts in Manila," said Joseph Chong,
        AFP  -  347 words
      • 265 18 Bernama KUALA LUMPUR Ekran Bhd, the main contractor for the Bakun hydro-electric project in Sarawak, has 60 more days to submit its progress report, including the environment impact assessment, Energy, Telecommunications and Post Minister S Samy Vellu said yesterday. The report, which
        Bernama  -  265 words
      • 256 18 SINGAPORE Listed watch dealer The Hour Glass has entered into an agreement to acquire the entire issued and paid-up capital of GWC, a luxury watch retailer based in Hongkong, for HK$5l million (5510.2 million). In a statement last night, Hour
        256 words
      • 192 18 JAKARTA FT Indorama Synthetics, which is set to become the largest polyester producer in Indonesia next year, has posted a 12 per cent rise in net profit to 50.30 billion rupiah (Ss36 million) for last year. Vice-president director SP Lohia yesterday told the
        192 words
      • 487 18 prtct May 19 US Cr Fund 1.01 1.05Singapor* Unit Trust UHB Invest Mgt Ltd The Commerce 169 l.79xd 52 The Savings Fund 1 58 1.67 'fH 9? S pore Prog Fund 0.72 0 76 Unued Gr Fund\ 69 176 S pore Sec Fund 1.03 1 09 Um,ed Fund 168 1
        487 words
      • 442 19 Bloomberg Business News FREMONT, California Media Vision Technology Inc, trying to regain its financial credibility and steer clear of bankruptcy court, organised a nine-company committee representing its trade creditors to establish a plan to pay them. Media Vision views
        Bloomberg Business News  -  442 words
      • 216 19 Bloomberg Business News HONGKONG Trading in the shares of real estate and securities trading concern Walsin International Holdings resumed on the Hongkong Stock Exchange yesterday after a 16day suspension. Trading of Walsin shares was suspended at the company's request
        Bloomberg Business News  -  216 words
      • 169 19 Bloomberg Business News HONGKONG Investment company Allied Industries International has acquired a 51 per cent stake in Manfield Coatings Co, a manufacturer of industrial paints and coatings, at an undisclosed price. Manfield, which is based in Hongkong but has its main
        Bloomberg Business News  -  169 words
      • 232 19  -  From Lim Soon Neo in HONGKONG DONGFANG Electrical Machinery Company Ltd, the last in the first batch of nine China state-owned companies selected for a direct listing in Hongkong, is offering 170 million new shares at HKS2.B3 (550.56) a piece starting today. Of
        232 words
      • 262 19 Bloomberg Business News BERLIN Daimler-Benz AG, Germany's largest industrial concern, recorded a 15 per cent rise in sales to about 30 billion Deutschemarks (5527.6 billion) in the first four months of 1994. Chief executive Edzard Reuter yesterday said that a
        Bloomberg Business News  -  262 words
    • CORPORATE FOCUS
      • 566 20  -  From Lim Soon Neo in HONGKONG IN REACTION to the US rise in diseount and federal funds rate, the Hongkong Monetary Authority has raised overnight interbank interest rates but the stock market has shown a perverse reaction, with the Hang Seng
        Source: Bridge Info  -  566 words
      • 248 20  -  From Loh Hui Yin in BANGKOK THE Thai stock marketeieacted positively to the latafc US interest rate rise, with the barometer Stock Exchange of Thailand index rising 22.62 points. The SET index closed yesterday at 1,325.47 on a heavy turnover of 12.2 billion baht. Last
        248 words
      • 327 20  -  Regional markets' reaction to Fed rate rise From Anthony Rowley in TOKYO THE RISE in the US shortterm federal funds rate had virtually no impaet yesterday on Tokyo stoek prices which were being driven mainly by domestic factors but it touched off a round
        327 words
      • 444 20  -  From Florence Chong in SYDNEY AUSTRALIAN bond and equity markets reacted favourably to the rise in the US interest rate yesterday. The response was a rise of 11.8 points in the All Ordinaries Index in a day of substantial turnover of AS66O million (*****
        AFP  -  444 words
      • 247 20  -  From Ho Kay Tat in KUALA LUMPUR WALL STREET'S overnight surge bolstered Kuala Lumpur share prices yesterday, but analysts said the small volume traded showed the market was not yet ready to stage a sustained rally. The Kuala Lumpur Stock Exchange Composite Index climbed
        247 words
      • 384 20  -  From Al Labita in MANILA THE Philippine stock index dropped sharply yesterday, but analysts said it was more a reaction to a banking scam than to a rise in US interest rate. "The market has already discounted the impact of the surge in
        384 words
    • FINANCE & COMMODITIES
      • 563 21  -  From Anthony Rowley in TOKYO JAPAN's score of leading brokerage houses, including the internationally known "big four" Nomura, Nikko, Daiwa and Yamaichi yesterday disclosed improved financial results for the year to March 31, though nine of them continued to make losses. The
        563 words
      • SMALL CHANGE
        • 86 21 Bloomberg Business News TOKYO The Bank of Japan will resume its auctions of commercial bills this month at the earliest, the bank said yesterday. The bank began selling commercial bills in August 1971, two months after Japan's commercial bills market opened. It halted sales
          Bloomberg Business News  -  86 words
        • 104 21 Knight-Ridder TOKYO Walt Disney Co of the US was due to launch a 30 billion yen (***** million) samurai bond offering via Nikko Securities yesterday. Prior to launch, in price talk, lead manager Nikko's indicative terms are a 2.9 per cent coupon at
          Knight-Ridder  -  104 words
        • 111 21 Bloomberg Business News HONGKONG Finansa Thai has created a fund to raise US$lOO million (SS$ 155 million) to invest in Vietnam's emerging economy, according to a prospectus issued this week. The closed end fund will have a maturity of 10 years and will seek
          Bloomberg Business News  -  111 words
        • 107 21 Reuter ATHENS The National Bank of Greece upped its interbank bid rate to 60 per cent for overnight to one-week deals and to 50 per cent for two weeks to one month, both up from 35 per cent, traders said yesterday. The drachma earlier came under
          Reuter  -  107 words
      • 342 21 Reuter KUALA LUMPUR Malaysia's banking sector has been one of the top performers in the country's booming economy and is poised to outshine other sectors for the next three years. Apex Securities, in a report yesterday, said: "We believe that bank earnings will
        Reuter  -  342 words
      • 328 21 KnightRidder HONGKONG Swire Pacific will likely receive an A credit rating soon from the two major US rating agencies and is expected to issue bonds in the July-December period, investment bankers here said yesterday. Martin Cobbin, Swire's financial manager, confirmed
        Knight- Ridder  -  328 words
      • 481 22 Reuter TOKYO The Nikkei 300 Index, launched in October 1993 and designed to replace the Nikkei 225 average as the Tokyo stock market's main indicator, is under attack by brokers who say it has been poorly designed and promoted. The 45-year-old 225
        Reuter  -  481 words
      • 339 22 Reuter SINGAPORE Foreign oil companies are reeling from a new Chinese ban on oil imports and curbs on domestic product prices, oil industry sources said on Tuesday. "We can understand (the Chinese government) is trying to find ways to stabilise the domestic
        Reuter  -  339 words
      • 185 22 Knight-Ridder BRISBANE Thailand has overtaken Australia as a more cost-competitive producer of raw sugar, UK commodities analyst James Fry said yesterday. Mr Fry, managing director of Landed Mills Commodities, told the Australian Sugar convention here that Thailand has lifted its efficiency to
        Knight-Ridder  -  185 words
      • 307 22 Knight-Ridder ABU DHABI Arab oil producers yesterday urged the European Union to open its market to their petrochemical exports to enable them to press ahead with expansion projects. The Organisation of Arab Petroleum Exporting Countries said such projects were expected to push
        Knight-Ridder  -  307 words
      • 168 22 Reuter LONDON Coffee prices continued their seemingly unstoppable rise on Tuesday and one leading coffee company warned that if it goes on much longer retail prices will have to rise too. The price for coffee delivered in July jumped nearly USS9O (SSI4O)
        Reuter  -  168 words
      • Article, Illustration
        1598 22 hadeneitihml imiei cakulaleJ afaim Spurc s tup 14 trading partner Ha\e >«if 198. US$/S$ forward rates Noon May 18 s$ Bid Offer 1-month 1.5462 ***** 2-month ***** 1547} 3-month I 5457 1.5472 6-month 1.54)2 1 5472 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May It Singapore dollars
        1,598 words
      • 233 22 Reuter TOKYO Demand from consumers, especially young women, is fuelling a surge in Japan's imports of platinum as the popularity of the metal spreads into a younger age group with a taste for luxury, industry analysts said on Tuesday. Japanese demand for
        Reuter  -  233 words
      • 189 22 Reuter LONDON The dollar fell sharply in Europe yesterday despite a half-point increase in key US rates on Tuesday. The dollar closed here at 1.6580 marks from 1.6585 a short time before in New York and 1.6770 at the beginning of trading in Europe. It was at 103.55 yen
        Reuter  -  189 words
      • 166 22 Bloomberg ENERGY REPORT LONDON Oil futures prices were boosted moderately yesterday following a report of a decline in US crude oil inventories last week, brokers said. Prices were also lifted by a 2.6 per cent increase in US demand for refined products last month
        166 words
      • 90 22 Reuter NEW YORK The dollar stayed under pressure against the mark and yen at US midafternoon. The dollar fell to 1.6569/74 marks from 1.6650/55 marks at the open. It slipped to 103.57/62 yen from the open of 103.80/90 yen. Some dealers see the dollar deriving support at around
        Reuter  -  90 words
    • COMMODITIES & FUTURES
      • 1368 23 Reuter SINGAPORE Simex Eurodollar futures closed firmer in hectic trade. Dealers said trading was volatile with prices fluctuating within a wide band through the day. "We don't normally see that kind of range, about 15 ticks, in Simex. Eurodollars acted as if there was
        Reuter  -  1,368 words
      • Tin rises further on LME gains
        • 407 23 COMMODITY REPORTS cents against Tuesday's 148.25 Singapore cents. Kuala Lumpur Rubber fell further at the close, extending overnight losses on liquidation and continued lack of demand from consumers, dealers said. June SMR2O buyer ended two sen down at 25/ sen a kg and June RSSI buyer eased half a sen
          407 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 82 23 BRISBANE New Australian refiner Mackay Refined Sugars says it will capture a significant share of the domestic and New Zealand markets after it begins production next month. Mackay chief executive officer Athol Harley said Australia, New Zealand and Asia would provide the key markets for
          82 words
        • 85 23 TOKYO Production of aluminium sheets and extruded products by Japan's seven major fabricators totalled 125,144 tonnes in April, up 4.8 per cent from a year before, according to the Japan Aluminum Federation. Of the total, April production of aluminium sheets rose 6.3 per cent in April
          85 words
        • 96 23 TOKYO A plan to liberalise commodities futures trading in Japan is under consideration by the Ministry of International Trade and Industry, and the Ministry of Agriculture, Forestry and Fisheries, a Miti official said. The two ministries have yet to decide on when and to what extent
          96 words
        • 84 23 HONGKONG China has continued seeking vegetable oil offers amid high prices, with latest inquiries including 10,000 tonnes of palm oil and 10,000 tonnes of soyoil for prompt shipment, said Asian traders. A trader said China was seeking 5,000 tonnes of Malaysia or Indonesian origin palm oil
          84 words
    • 1421 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 94 153.75 153.75 152.25 250 1175 Jul 152.25 2800 Aug 151.50 151.50 151.50 100 1950 Sep 151.75 151.75 151.50 75 3650 Pet/Dec 154.25 150.50
      1,421 words
    • REGIONAL STOCK MARKETS
      • 1179 24 11.8 The Australian share market faltered in afternoon trade but still ended firmer after positive news from overseas sparked strong morning gains. The All Ordinaries index ended 11.8 points up at 2,107.8, but profit-taking took the index off its high of 2,120.4. Brokers said local investors were inspired by
        1,179 words
      • 681 24 -37.08 The Philippine stock market declined yesterday partly due to the hike in US interest rates and rumours of a scam that hit the banking community, analysts and brokers said. The Philippine Stock Exchange composite index dropped 37.08 points, or 1.26 per cent, to close at 2,899.35. The index
        681 words
      • 619 24 -32.58 The Taiwan stock index ended below the 6.000-point level after wavering narrowly during the whole session and brokers expected a consolidation to continue in the near term. The index closed 32.58 points down at 5,983.25. Turnover was NTS62.B billion against Tuesday's NT567.29 billion. Some industrials saw minor gains,
        619 words
      • 371 24 +37.06 Rekindled demand in the afternoon session pushed the NZSE--40 Capital index, which had staged a strong start, up 37.06 points by the close. The market had opened up around 25 points higher following news just prior to its open that the Federal Reserve had raised its discount
        371 words
      • 128 24 +6.18 Shares subdued during a major part of the two-hour session recovered towards the close on buying by financial institutions in a low volume market, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed at a provisional 3,808.68, up 6.18 points after recovering from a mid-session low of
        128 words
      • 354 24 Seoul May 17 Wont DO) +7 Ankuk Insurance 1890 00 WOO M«a Cement J SO 00 400 Baik > jng 965 00 2000 Bank (H he Ju 13)00 3 00 Bank (K Puun 47)00 12 00 Boo Kook I MOO 100 8>uck San fOOO 00 Cheil S>nihe Teiil ***** 2000
        354 words
    • WORLD STOCK MARKETS
      • 755 24 Britannia Funds Sterlinf Cash Bid Offer Mim dp Deposit 38 6400 3« 6500 Mim Jersey Gilt 0 189J 0 1992 Mim Max Income 0 9500 0 9900 LS$ Cash Income Plus Fund 9 8600 10 3900 PS Reserve Fund 3 2600 5 2700 Sterling Kquity Euro Performance 0 4592 0
        755 words
      • 681 24 -7 Share prices here lost some of their shine in afternoon trading yesterday, in line with the futures market, and shed all of the gains made on the strength of a rise on Wall Street. The Footsie index of 100 leading shares fell by seven points or by 0.2
        681 words
      • 151 24 -11.18 French shares ended the session weaker after a stronger start to the day, as fu-turcs-lcd selling, mainly from US investors, pushed prices down sharply near the close, dealers said. The CAC-40 index ended down 11.18, or 0.51 per cent, at 2,183.99. Of the CAC-40 stocks, 19 were higher
        151 words
      • 134 24 -0.98 pc Swedish shares closed lower on late profit-taking in active trade. The OMX-index was down 0.98 per cent at 1181.55. The blucchip top--16 index fell 1.06 per cent to 1578.43. The All share index tumbled 0.65 per cent to 1519.85. Turnover was high at 3.580 billion crowns. Volvo
        134 words
      • 202 24 +7.70 German stocks were little changed in light trading, stalling below a record index high as investors looked ahead to money supply figures. The DAX Index of 30 German stocks rose 7.70 to 2267.41 after reaching a record high during the day of 2279. The DAX Index was pulled
        202 words
      • 169 24 +3.38 Belgian shares ended the last day of the account firmer, though below session highs after coming under pressure from position squaring-during the afternoon, dealers said. A surge in Wall Street overnight following an expected rise in US interest rates, together with higher bond and stock prices in Europe
        169 words
      • 313 24 -62 South African shares finished lower across the board as this week's correction from recent highs continued, dealers said. The market was seen under continued pressure as interest remained limited from offshore and local players. The overall index was 69 points down at 5,388, Industrial index was 62 points
        313 words
      • 172 24 -10 Italian stocks ended mixed as a late round of nerves over political events caused a round of selling, traders said. Prime Minister Silvio Berlusconi's government was facing a difficult vote of confidence in the Senate last night. Although he is expected to pass, there is enough doubt that
        172 words
      • 271 24 +2.23 Dutch shares showed surprising resilience to a weaker than expected start on Wall Street, ekeing out most gains to the end. The AEX index lost almost half of its best gains, adding 2.23 to 416.04, having briefly crossed the small resistance point at 418 at mid-morning. Financials and
        271 words
      • 246 24 13.5 The main Swiss share index closed higher, but well below the day's best, as Tuesday's rise in US interest rates calmed markets. The Swiss Market Index of 21 stocks closed 13.5 points higher at 2740.6, with 14 stocks advancing and seven declining. The SMI closed well below the
        246 words
      • 277 24 -8.60 Stocks were mixed early in thin trading as the market experienced some profittaking following Tuesday's rally. Losses in precious metals, energy and mining issues outpaced gains in consumer products and communications. The TSE 300 index was down 8.60 points at 4260.55 on volume of 13.43 million shares valued
        277 words
      • 769 24 1.23 Blue-ehip stocks were little changed at midday yesterday after investors took profits from Tuesday's sharp gains sparked by the Federal Reserve's move to boost short-term interest rates. The Dow Jones industrial average, which soared nearly 50 points on Tuesday, gained 10 points in early trading but then
        769 words
    • Article, Illustration
      3141 25 AFP HONGKONG Stock priccs soared 4.78 per cent in active trading yesterday as investors went on a buying frenzy, confident that there will be no more further US interest rate hikes in next few months. The blue-chip Hang Seng Index gained 431.94 points to close with the sccond largest
      AFP; Source: Bridge Info  -  3,141 words
    • Article, Illustration
      584 25 THE Shanghai B market crcpt up 0.3 per cent, amid directionless trading. Turnover was at a low US$2.B7 million (554.44 million). The CLSA B index closed at 715.44, up 1.84 points. The most active counter was Diesel Engine, which had a turnover of U*****,000. The biggest gainer yesterday was
      584 words
    • Article, Illustration
      2622 25 Bloomberg Business News TOKYO Stocks closed mixed after an early rally fizzled when the dollar failed to rise in response to higher US interest rates, traders said. "People made assumptions before the market opened that the dollar would be strong and the sentiment in the stock market good," said
      Bloomberg Business News; Source: Bridge Info  -  2,622 words
    • Article, Illustration
      1747 25 Reuter BANGKOK Thai stocks dosed higher after an expected rise in the US interest rate which, brokers said, removed a key market uncertainty. The SET index rose 22.62 points, or 1.74 per cent, to close the day at 1,325.47 on a heavy 12.2 billion baht (***** million) turnover. "Key
      Reuter; Source: Bridge Info  -  1,747 words
    • Article, Illustration
      1173 25 Bloomberg Business News JAKARTA Indonesian shares rose as foreign investors bought blue ehips that looked cheap relative to comparable issues elsewhere in Asia, traders said. Analysts said they believed Tuesday's US interest rate rise helped by calming investors. The Jakarta Stock Hxchangc Composite Index of all stocks rose 5.44
      Bloomberg Business News; Source: Bridge Info  -  1,173 words
    • 2745 26 fMulpha Inll 30c 3,923,000 Idns Hyd 30c 3,380.000 FACB JOC 2,253,000 Kamunting 50c 2,047,000 Promct 1,868,000 Mu Hi-Purpose 1.736,000 Kcnong Bhd 30c 1,724,000 Pub Bk Foreign 1,262.000 Kcmayan 50c 1,054.000 Lien Hoc TSR97 1.040.000 Bcqaya Ind 878,000 B Raya TSR97 825.000 Insas Bhd 824.000 ■■ranm Idris Hyd 50c
      2,745 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5834 26 Bloomberg Business News KUALA LUMPUR Malaysian stocks rose 1.85 per cent as investors bid up giant power utility Tenaga Nasional Bhd after it reported better than expected earnings on Tuesday, analysts said. "The share went down (recently) on anticipation of weak results," said
        Bloomberg Business News; Source: Bridge Info  -  5,834 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7204 27 Gr Cr 19*4 Last Vol Day Last Q~te Di» LM» VM N*t M Cap High Low Company Sale (WO) lltfk low Bayrr SHkr S fV P/E Smll INDUSTRIAL AND COMMERCIAL 1350 206 t J Acma 900 cd f20 99 900 890 890 900 17.5 2.1 1.9 14.4 620.3 700 220
        7,204 words
      • 1927 28 SINGAPORE Stock priccs rallied on rising volume yesterday, following favourable ovcrnight interest rate developments in the US. On news that both the US equity and bond markets had posted strong performances on Tuesday, the Straits Times Industrials Index rose steadily throughout the day, closing
        Charts by Bridge Info; Source: Bloomberg  -  1,927 words
  • Page 17 Advertisements
    • 312 17 NEWS VALUE How today's news might affect your stocks Listed Malaysian companies chalk up 19pc growth in profit (pg I) Growth this year expected to be driven by infrastructure and manufacturing. Should underpin the broader market in the medium to longer term. Hefty US rate hike cheers markets (pg I)
      312 words

  • Page 18 Advertisements

  • Page 19 Advertisements
    • 301 19 'Iip gk ills wHF HI The Ultimate Mediterranean Lunch Is Closer Than You Think /C\ Merchants' Courtl A"" )^\V< ar A pleasant riverside stroll or river taxi tide from Shenlon way -'N rhor ckvf 1 JP Basttani at Clarke Quay N. 0 r"" ""> Liberate your palate Our templing set
      301 words
    • 249 19 GST blues? No Problem! h| j) Ml Willi]!!! 1 1 I i 44M8 Diskette Drive lUlf llVJUrlflil m 5 free expansion slots MHlWHrskr-1 key keyboard MI.VT uindoun fUiGHj #Mouse KrflnTttl I MS DOS 6 21 and Windows 31 years warranty Training by GST No Problem! a The first locally developed
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  • Page 20 Advertisements
    • 264 20 ttMH. THIttSCy, an a M 4 5 TvZ t money i re iJyJj > f rs haU Indonesia's t^ e rship laws i 25»£Srs 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
      264 words

  • Page 21 Advertisements
    • 58 21 ft > Enjoy the delicate temptation of the finest Cantonese dian xin for lunch, freshly prepared by our team of Hong Kong chefs. And what better place than the Summer Palace to eat to your heart's content. the GRe&nt C s Singapore I A Four Seasons Recent Hotel I 1
      58 words
    • 108 21 i i'iMtfbffWgWny^r^ •"n' 4 *s» u l^^Bg^Eß ;?< *v* 4^l||^^HHH < ;u IR^^HK&^H <fNo ONE CONNECTS EUROPE LIKE AIR FRANCE. ..a flk jMHHHHIH >'^J% >:&Sp is£ THE BETTER WAY TO EXPERIENCE EUROPE. No other airline can take you to more European destinations from Paris than Air France. Fixe times a
      108 words

  • Page 22 Advertisements
    • 60 22 Mee^Pierson Trade and Commodity Finance. Ist Anniversary of A Global Specialist in Singapore MeesPierson NV Singapore Branch 50 Raffles Place #31-02 Shell Tower Singapore 0104 Tel: *****88 Fax: *****88 Trade Commodity Finance is also represented in Amsterdam, Rotterdam. Kiev, London, Hamburg, New York, Hong Kong, Buenos Aires, Harare, St. Petersburg,
      60 words

  • Page 23 Advertisements
    • 94 23 Ottm 3 Via TT TOPS IN HOME DEUVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times Classified
      94 words
    • 26 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead. aSSi* 00 §«iHp ClLf re fc«*26Suw«
      26 words

  • Page 24 Advertisements
    • 64 24 BAUME MERCIER S lB karat gold and stainless steel. GENEVE i nll Screw-down crown and case, maltreshorlogersdepuis 1830 water-resistant to 30 meters. jMb/ Bsnjmi* Merrier tfrntKpir and Service Centre: Singapore: *01-01 Mandarin Shopping Arcade, Mandarin Singapore, jjj Orchard Road, Singapore 0923 TeL 732 6#j/ Malaysia: Shop Lot 4 Mezzanine Floor
      64 words



  • Page 27 Advertisements
    • 74 27 SINGAPORE: THE HOUR CLASS Takashimaya Shopping Centre Tel: *****20/1 Lucky Plaza Tel: *****62/543 Scotu Tel: *****27/7198 Centrepoint Tel: *****98/ AS MM 603 Peninsula Plaza Tel: *****09/*****63 Raffle* Tel: *****41/1169 World Trade Centre Tel: *****51 /1007 Changi Airport Terminal 1 (Wot Wing) Tel: *****60, Terminal 2 (South Wing) Tel: *****81 MALAYSIA:
      74 words
    • 16 27 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BusinessTime§
      16 words

  • Page 28 Advertisements
    • 281 28 THE COMPANIES ACT, CAP SO ASIAN KITCHEN PTE LTD (In Liquidation) At General Meeting ot ASIAN KITCHEN PTE LTD duly convened and held on the 16th day of May, 1994 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to section 280< I}<b)
      281 words
    • 23 28 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 PLAY SMART Be part of the good life. Lifestyle. Everyday. rr Business Times WE KNOW ASIA
      23 words
    • 192 28 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Straits Container Line Pte Ltd, 10 Hoe Chiang Road, #11-01 KeppeJ Towers, Singapore 0208, hereby give notice that in consequence of our intended change of name of the vessel MV "KAMINA*, we have applied to the Registrar of Singapore Ships, under
      192 words

  • Shipping Times
    • 51 29 Reuter HOEK VAN HOLLAND, the Netherlands The badly damaged 7,099-ton refrigerated Ariake Reefer is towed into Rotterdam harbour on Tuesday. The Panamian registered ship collided with the Chinese-flag container vessel Ming Fortune in the Channel 32km south-east of Beachy Head, near Eastborne, southern England, last Saturday.
      Reuter  -  51 words
    • 427 29  -  By Dexter Lee SINGAPORE Cosco Singapore, the shipowning subsidiary of listed Cosco Investment, has been earning good charter rates for its bulk earners in recent months. The rate for shipping wheat, for example, has risen to USS 13,000 (5520,150) a tonne, up from
      427 words
    • 809 29 Page Col Accord Group 8 I -3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7
      809 words
    • 339 29 SINGAPORE International Container Terminal Services Inc (ICTSI), a listed firm owned partly by US transport giant Sea-Land, said on Monday it posted a 1.5 per cent profit increase to 62.9 million pesos (553.6 million) in the first quarter. Gross revenues rose 8 per
      339 words
    • 223 29 SINGAPORE State-owned port operator Pelabuhan Indonesia U will issue five-year bonds next month to raise 100 billion rupiah (Ss7l million) to help build a container terminal at Koja, North Jakarta. The terminal is expccted to cost U*****.4 million (*****.3 million),
      223 words
    • 624 29 Bangladesh port plans to upgrade container terminal MBT CHITTAGONG Malaysian container terminal operators with sufficient logistical facilities are invited to participate in the privatisation of the port of Chittagong's container terminal to assist the Chittagong Port Authority (CPA) in streamlining its operations.
      MBT  -  624 words
    • SHIPS IN PORT
      • 490 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Maca Aiatnta 007/94 TO2 alongside 1805 1830 Balm Indaii NU9 II alongside 1905/2300 Mahkota Exp 67/94 P01A alongside 1805/1100 Batam Mum 05/06/94 II alongside 19.05/2300 Mercury Gold 09E P10 alongside 18 05/2200 Catte>
        490 words
      • 1309 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Balance Rslts Ship Voy No Etb/Btr Period From To From Acx Daisy 0628 20/2000 1A 18/1500 18/1659 18/1900 IB 18/1500 18/1659 18/1900 28 18/1/00 19/0659 19/0900 3 19/0700 19/1159 19/1400 4
        1,309 words
    • 11850 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      11,850 words
    • 3338 43 A Xm.BC Containerline NV: Bclsin Shpg \gcncics Pte Ltd (SVMarinc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkrn Business Corporation Philippine: Calsourcc Shpg Trdg Pte Ltd (S) Ahrankiel Liner Service: Kini Shpg Trdg(S). Albmros Sea-Air Service: rata Shpg Pte Ltd (S).
      3,338 words
    • 273 43 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation 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. City-link International Td: 344-3377. Fax: 345-6450. Cluster Ijnk Supplies Services Td:
      273 words
    • 1516 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax Aerolink Freight International Td: 545-8031 Fax: *****05. Affo^offd Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666 Fax: *****74. *****50 Air Market
      1,516 words
    • 2337 44 ALBANIA Durres: Eight vessels in port of >'• which discharging: 1 gasoline, 1 bagged flour, I tobacco bales, 2 bulk coal, I bagged sugar, 1 bagged cement; I vessel loading; vessels waiting in roads; I bulk coal, I steel. ANGOLA Luanda: Power supply still intermittent. No berthing delays
      2,337 words
    • 563 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait l)ep Name of Vessel KI A LI D Forts of Calls Port Agent Telephone No MAY 19 19 Leisure World 1330 2015 Jakarta-Cruise to New Century Tours 227-8294 Nowhere Corporation 20 20 Langkapuri Star 1500 2030 Pcnang-Cruisc to Jardine Shipping 224-1052 Aquarius Nowhere Agencies
      563 words
    • 1126 44 SHIP SALES TANKER RATES WITH THE Greeks on holiday earlier this week and the Japanese only beginning to return to their offices on May 6 after the 'Golden Week' Holidays, there have been very few sales to report. However it was interesting to note that immediately on their return to
      1,126 words
    • 970 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices lor a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements arcindicated. The Cockett Bunker Price Index change and the
      970 words
    • 605 45 Carbon Carbon May 12 Density Water Residue Ash Muninium Sedment Density Water Residue Ash Akminun Sedment M/M M M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M M/M PPM method ISO/Cimac Limits Spec E25 991 1.0 15 0 0.10 30* 0.10* Eastern USA
      605 words
    • 1473 45 GRAIN charterers on Tuesday continued to point to an easing market for Atlantic Panamax tonnage and even some owners are conceding that the current slowness is making them nervous. brokers said. New business has been slow to emerge and with the conviction that rates will slip grain charterers
      1,473 words
    • 757 46  -  Despite high costs and keen competition, Japanese shipbuilders are still not in a hurry to consolidate, reports Makoto Hirose Makoto Hirose IN A country where "excessive competition" is considered tantamount to commercial suicide, Japan's shipbuilding industry is in a class by itself. Consider: no
      Source: Japan Maritime Research Institute  -  757 words
    • 852 46 COURSES Title: TQM in Logistics Duration: May 23-24 Organiser Alberton Management Centre I'd: For more information contact 336-2611 or fax: 338-9864. litle: International Freight Forwarding II (SDF 50%) Duration: May 24 Sep 9 (30 evenings) Organiser: Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at
      852 words
    • AIR AND LAND TRANSPORT NEWS
      • 440 48  -  By Alec Almazan SINGAPORE- The Philippine affiliate of Japan's Toyota Motors plans to quadruple its capital to two billion pesos (SSI 13.5 million) to finance expansion plans. Toyota Motors Philippines, which is 25 per cent owned by Toyota Motors and 15
        440 words
      • 331 48 Reuter WASHINGTON A senior Pentagon official said on Tuesday the military urgently needed the McDonnell Douglas C-17 transport plane despite its many problems to replace ageing cargo aircraft in coming years. "This is the high priority programme of the department," Deputy Defence Secretary John
        Reuter  -  331 words
      • 213 48 AP MOSCOW A small Russian airplane built in partnership with a US manufacturer debuted in a test llight on l uesday, and a top company official said the plane already has been ordered by some Western buyers. The prototype of the IL--103, designed and
        AP  -  213 words
      • 224 48 Reuter LONDON British long-haul airline Virgin Atlantic Airways said on Tuesday it was adopting a greener image with special flight attendants pacing the aisles of selected flights teaching crew and passengers the benefits of recycling. The green-clad attendants, forsaking Virgin's usual scarlet livery,
        Reuter  -  224 words
      • 207 48 Bloomberg Business News PARIS British Airways said on Tuesday it has acquired the outstanding 49 per cent shareholding in Air Miles Travel Promotions Ltd to give it full control of the company. A private, London-based company Mills Cowdrey Management had previously owned
        Bloomberg Business News  -  207 words
      • LOG BOOK
        • 85 48 AFP lOKVO Japan Airlines (JAL) said yesterday it would launeh a new daily non-stop joint flight with Air I ranee between the new Kansai International Airport in Osaka and Paris. The new service, subjeet to government approval, would be operated three times a
          AFP  -  85 words
        • 76 48 Bloomberg Business News WASHING lON Lockheed Corp is getting USS 107.4 million (SS 166.5 million) from the Defence Department for undisclosed modifications to existing C-130 transport planes. Lockheed's Aeronautical Systems division, based in Marietta, will improve 22 C-l3OHs. Of those. 10 belong to the Air
          Bloomberg Business News  -  76 words
        • 74 48 Knight-Ridder LONDON The largest ever cargo of soybeans to arrive at Rotterdam in one vessel docked last weekend. The Ctclias l.uck. on charter to Shipmair of Rotterdam, carried 105.000 tonnes of soybeans. The cargo is being discharged at the FBS Europoort Terminal and will
          Knight-Ridder  -  74 words
        • 83 48 UPI LOS ANGELtS Aeroflot Russian International Airlines said on Tuesday it will begin offering twice-weekly flights between Los Angeles and Moscow today, making it the first airline with direct service between the two cities. The state airline for the former Soviet Union will offer
          UPI  -  83 words
      • 353 48 AP NLW DELHI Thousands of passengers were stranded on Tuesday at airports across India after engineers of the nation's largest airline slowed down work for the second day, delaying flights to major cities. The chaos began on Monday when about 1,000 engineers of the state-owned
        AP  -  353 words
      • 1717 48 city nnw eta nw c*tj n» CTA rro^ Abu Dhabi GF146 1120 GF147 1850 GA985 1435 Gnanczhon SQ803 2045 SQ804 1145 Adelaide QF81 1925 QF82 2055 Ma—> VN741 1310 VN740 1410 SQ228 1955 Hatyai MI893 1810 MI894 1430 Amsterdam KL843 0505 KL838 2300 TG407 2120 5(325
        1,717 words
      • 383 48 Reuter PARIS Air Inter, the French domestic airline grounded by a strike, said it may be forced to close smaller domestic lines if the government goes ahead and allows foreign rivals to compete on its profitable routes. "We have a
        Reuter  -  383 words
  • Page 29 Advertisements
    • 22 29 0 HANJIN SHIPPING to imwwMEm in the world HOTLINE *****55 Mega Fax Service Launced For more information, please refer to P. 6
      22 words
    • 26 29 Lia«s and sorvkM rapraiMM by Members of th« Registry of Accredits Shipping Agents, Singapore National Shipping Association. I for advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      26 words
    • 49 29 THE FAMOUS CjjUROPg ■!Mlllg|* 224 1833 For more information please refer to Pg. 15 Crisis looms in Japanese shipbuilding industry, Page 18 Toyota's Philippine affiliate to raise capital to 2b pesos, Back Page CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. SINGAPORE Business Times
      49 words

  • Page 30 Advertisements
    • 395 30 OTSKUNE AGENCIES (S) PTE. LTD. rI 1 m 7 "W *m"np Tel: 226-3363 K *3* JX* I llMr. r 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. j I EXPORTS TO HONfiKQWfi. MANILA. TAIWAN t IWAH "TWICE WEEKLY" ~~1 lobihb m m m jut I I m m m m
      395 words
    • 1115 30 Lrt CTT 9 M.A Wt T<; g! jg^| liil all si! I till til liill atl sll sll ai I EHiriTXir ill 1«l IS 1 ahi 1 M 111 I ...i?yy -«n ?Tjm.g ™p?' r -> -1 "">"*> «»««h»p :=J ACX OABY *0528 lIJ 205 NtPTUME ttWI *?3I 36 126
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  • Page 31 Advertisements
    • 2361 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. TEL: *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX 03-*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 "POH TEL: *****3/4 FAX.*****6 CUSTOMER SVC TEL: *****92/*****91/*****93 P.GUDANG TEL:
      2,361 words
    • 2359 31 ■UIWH.HIHIM WEST AFRICA CARDIGAN BAY V.5167 ETA SIN 23RD MAY 1994 Vessel Voy ETA ETD Feedered by S L ;r JtTeta destinations this wee* maren maersk V 9406 1 H 24/05 0800 MRS CFS 23/05 2359 MRS JOH LPK PEN OAK LGB SFO MEM ATI MIA CHS BAI PHL NYC
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  • Page 32 Advertisements
    • 831 32 I™""" AOARA R OAM' LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEOOAH (VIA JED) STON H BURG A WERP HAVRE VYEST MALAYSIA LUDWIGSHAFEN EXPRESS 13/319 21/5 30/5 6/6 fl/6 11/6 13/6 15/6 p oft Kelang. Penang FRANKFURT EXPRESS 73/120 25/5 11/6 14/6 12/6 Paslr Gudang LEVERKUSEN EXPRESS 18/320 28/5
      831 words
    • 669 32 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi, IsJamqala (Ooqharun) C.1.5./RUSSIA: VootocHny, Vladivostok, Moscow, I Baku, Tashkent, Irkutsk, Alma Ala, 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 Ned Asia V.2154 25/5 28/6 Ned Oceania V.2164
      669 words
    • 1179 32 I NORASIA NORASIA SUSAN 9420 3 27/05 17/06 20/06 21/06 22/06 23/06 24/06 25/06 26/06 26/06 I NORASIA SiNGA 9421 3 01/06 22/06 25/06 26/06 27/06 21/06 29/06 30/06 01/07 01/07 I NORASIA SHARJAH 9422 3 08/06 30/06 01/07 02/07 03/07 04/07 05/07 06/07 07/07 07/07 I NORASIA MUBARAK 9423
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  • Page 33 Advertisements
    • 1404 33 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINB A±v<E£f <a service of china navigation co> accepts >o^erv CARGO 0« SAAS STRAITS FMK VOBE Muva. lib IS-20 Mi» 22 May 23 May FC i, LCL CONTAINER ANO
      1,404 words
    • 1783 33 SINGAPORE AGENT: ItlPfC P&O Containers (Singapore Agencies) Pte Ltd A laV/ llvl 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 A Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VOY 'PNG TKQ SIN #00 ANT ROT MAM GOT BRE LiM
      1,783 words

  • Page 34 Advertisements
    • 511 34 GENERAL AGENT CR NO *****81-***** EKA JAYA AGENCIES >aj|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI MINH CITY PAQgR I MANOPHONt/PWECT HSHRY M?t 2JJSS2I rc7ttat/H4IM4 KILYIH CHAM ÜBHB MMra/wazm MANOJ 2HOMB 1MM722 ►TO VIETNAM/HCMC K gggff!BBCTBBK SERVICE (othotst® CENTER-POINT \m LINES ttSStl DOT tt> STOW
      511 words
    • 1689 34 I HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FOX VSI SIN kite HAUL SEA YW POX FOB VSI SM |l«C HAU. SAV LM HTC EUROPE AM SENATOR 001E 20/5 DIRECT 10/S 11/6 EUROPEAN SENATOR 001E 20/5 H KOBE 050E 23/6 M/C 26/6 HANJIN
      1,689 words
    • 1422 34 J. T pjTTTnri^: Im %ct use wg uc pus ki o« kt sw no iu c» tu mrc im um km nv »k no eta m vr I I GENUS M 452 31/5 1/4 4/4 1/4 14/4 13/1 N/6 IS/4 14/J 17/4 IS C 29/4 12/1 14/7 IS/7 25/7 it,
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  • Page 35 Advertisements
    • 2314 35 U II HUMBER BRIDGE 35W ETA SGP 21/05/94 II II H3 II ETA RDM 06/06/94, FLX 07/06/94, II II II BRE 09/06/94, LEH 11/06/94 IXPORT TO; PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST USEC CANADA VESSEL VOY HRBHT"" LOS OAK VAN I SET 1/7 (>(, I 8
      2,314 words
    • 1154 35 A MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 A —BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
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  • Page 36 Advertisements
    • 861 36 AS AGENTS: "K" UNI (SINGAPORE) PTC LTD (CR NO: 1244J*****0M/GST REG NO: M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I ltT MALAYSIA K" LINE MARITIME (MALAYSIA) SON BHD u B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTIRNUSA, T
      861 words
    • 252 36 ooftnrvemai racinc rhwiiiMin w StMppnfj M TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KXU STORE PN LOAONG FOR WORLD AJAX SLD SID SID RU/ROT/ANT/UK WORLD ARGUS MPT 25/5 30/5 FLU/ROT/ANT/IK/ BELFAST FLAG TOM 12/6 16/6 20/6 FIU/ROT/ANT/UK Loads Sabah/Monesia C R NO. **********0H CONTIPAC SHIPPING PTE LTD Tbl: *****32 Fax: *****49 P.K.
      252 words
    • 271 36 FOONG SUN V SHIPPING (PTE) LTD. WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOKING/ENQUIRIES CR NO: 10M*****00W TEL: *****55 (12 uks OUTBOUND) *****77 ((Lies-INBOUND FAX: *****16 TELEX: RS *****/2SOM FSBHIP VESSEL WY ETA CTD DESTHATWN BWTT ANN 6/94 23/5 21/5 PLAJU/PALEIBANG SEAMAR 7/94 23/5 24/5 PONTIANAK/SHTETE GULF SULTAN 9/94 1/i
      271 words
    • 733 36 @APPENSHIP /2\ HAMBURG \T\J CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST ttssas LOADING POUTS OtSCHAXGt LOADING FOR PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 NOVK2RAO ANTW 20/05 SPORE 27/06 ECUADOR BIL 22/05 SPORE 29/06 KOALA CONTAINER LINE SPORE FIX HAM RIM lEH BALANDRA 4606 02/06
      733 words
    • 362 36 Msvs~7 GOLDEN LINEA GUAN guan supping VlNs>\\ (PTE) LTD 21. TtMi Arc Strtet SMGAPOBE 01M TEL U43ttt <11 LMES) fu *****8 A (C* Ho *****5540MW) BTRAITB/PERBIAH CULT SKRVICK Spore P. Keiang Penang GOLDEN SIM Karachi Dub* Kuwfl 2VZC May GOLOE* KM Karachi Dubai Kuwait i tn CHIHA lEBTICE GOLDEN WONDER
      362 words

  • Page 37 Advertisements
    • 965 37 (PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I I KK mm CR NO *****6/OOOOE I VESSEL VOY SIN CMB JIB JED AOJ AOE HOD PZU ASA "f KOTA WUAYA WJAO4I 23/5 2S/S 4/8 7/8 10/6 11/8 14/6 KOTA BERLIAN BR LOOS 28/5
      965 words
    • 951 37 ftSSUS VOY SM II MAOt HAMBURG THWS ROTUROAM ANIWIRP Wilt O'AQUB.A AO3W 20/05 11/06 13/06 14/06 15/06 17/06 Wit O'HYPM HO3W 24/05 15/06 17/06 11/06 19 06 21/06 VILIC DC LYRA TO3W 30/ OS 21/06 23/06 24,06 25/06 27/06 VILLI Ot VtCA GO 3* 30/06 02/07 03/07 04/07 06/07 •AISO
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    • 562 37 BSA i*. MYANMA |HHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gd( MERGUI VI23W Sid PAGAN V2O9W tn Port MYOMAYWA VIS2W 23/25 May HPA-AN V2O2W 28/30 May MALAYSIA AGENTS BOUSTEAD SNPPING AGENCIES KUL TEL 03 *****00 PKL TEL 03-*****67 PIN: TEL 04 *****5 PGD:
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  • Page 40 Advertisements
    • 1401 40 r II C r/ICT r/lACT U CMOI IsUMo I uriAf VABU nfcvv YUKK M W *r ALL WATER DIRECT 0 I%MVC r •> 21 DArS From: China/Hong Kong ssq w»«a qmumdmsmscwumig ser (M «sw 14 OS II M Ji M rjr« u« n« IJK 14 n n« »os 4 w
      1,401 words
    • 174 40 /Cnorbuu^ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES ADAMASTOS Saied Sated FLU/ANT/NAN/UK I AGAMEMNON 10/6 15/6 ROM/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 24/6 28/6 DBN/CPT/EL I ALSO LOADS TAWAU. KK, TG. MANI I PK SWK/SABAH LOADING FOR NORBULK PINE 18/5
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  • Page 41 Advertisements
    • 719 41 (fe FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 22/5 ROTTERDAM 23/5 AARHUS/COPENHAGEN 22/5 HAMBURG/BREMEN 22/5 MARSEILLE/FRANCE 24/5 FELIXSTOWE/UK 21/5 BARCELONA/SPAIN 23/5 LEHAVRE/FRANCE 23/5 GENOA/ITALY 23/5 ANTWERP/BELGIUM 23/5 LOS ANGELES/ WC/IPI 21/5 SYDNEY/MELBOURNE 22/4 NEW YORK/EC 21/5 FREMANTLE/ADELAIDE 20/5 VANCOUVER 27/5
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    • 892 41 Hi km i mm n i ua 1 VEBSEL VOY a™ JKT I VESSCL VQV 'H B 1 ISWA BHUM SlB Fri 20/5 24/5 1 ,>_,. P vmji'nnuu Zr i Tiaii uTa J IT !-__?l^_L-_ »/5_ SPI7H Sun ll £LI U W& VIWA BHUM 1«H Fri 20/5 Mon 23/5 9
      892 words
    • 243 41 W TEL: *****33 (12 Lines) ]SSL FAX: *****15/*****03 Hi TELEX: RS ***** RISHIP (3 Lineo) 1 CR NO.: **********0E Viml Voy ETA I Loading For Spoil I Abbay Wonz 40WB 21/07 Oareasaiaa™, Mombasa. Ofiboutl |Aaaab. Maasawa Netsanet 35W8 21/08 lOaressaiaam. Mombasa. O|iboutl I Aaaab. Maaaawa FULLY CONTAINERSK[) KKi.l I\H IJNIKKM-
      243 words
    • 560 41 [Tpjjip) Point-to-point Regional Pti Ltd" TrJ TEL: *****55 FAX: *****94 CR NO: **********0 C Gusrmnt—d Sslllngt to: BANGKOK/LAEM CHABANG/LAO EVERY WED t SAT MAM.A/CEBU EVERY TUES PORT KELANG/PENANG EVERY MONt FRI HO CH MHH EVERY FRI HONG KONG EVERY FRI JAKARTA EVERY SAT BUSAN EVERY SUN SURABAYA EVERY SUN Other
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  • Page 42 Advertisements
    • 1686 42 Agents: MAC-NELB SPORE: *****22 (24 LINEB) C/R No; **********0e SIBU (084) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE i PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN j 20/5 21/5 22/5 Hong Kong
      1,686 words
    • 212 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD tin (i« (i» smn roar kumc niMNe H.II i«x n s Loddang Km kbit RUVM HUDHU 21ft Discharging and Loading tot Bombay OttPHN 21, i Loading For Mak PKMU SUFRLMI 10 6 Loading For Male UMMEOH IS loading For Malt P*OGMSS IBERTY
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    • 1094 42 fJX THONG SOON UNES PTE LTD 1 I 78 shenton way #10-01, Singapore 0207 I I vy V/ TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL S PORE PEST VESSEL VOT S Po»£ [PEST EQUATOR 111 122/4E 21
      1,094 words


  • Page 44 Advertisements
    • 49 44 The Aspiring seeks for opportunities in the right media and the right company. Classified the people finder. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIAMHE ZAOBAO LIANHE WANGAO SHINMM DAILY NEWS BE RITA MARIAN BE RITA MINGGU Appointment Ads Help You Find The Right Candidate
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  • Page 45 Advertisements
    • 39 45 frsrjl|g|r PORT SHOTS vi The latest in sea, air and ,and transportation Shipping Times Monday to Friday. ■f 1 Business Times WE KHOW ASIA JUST DESERTS Legal discourses in digestible portions. Every Thursday. SINGAPORE r I 1 Business Times
      39 words

  • Page 46 Advertisements
    • 471 46 HBHH NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA OPTIMA 9402N 20/05 (FRO 25/05 (WED) VIGOUR PACIFIC 9420N 24/05 (TUE) 28/05 (SAT) PERVOMAYSK 9402N 27/05 (FRI) 01/06 FRIO Y SNO TUEbOA OPTIMA I I 9403N ZJH 31/05 (TUE) 1_ 04/06 (SAT) I SOUTH PHtLiPPtNES FULL CONTAINER SERVICE VESSEL VOYAGE
      471 words
  • Page 46 Miscellaneous
    • 685 46 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JO 1.4 1.7 2.1 2.4 2.5 2.6 2.4 2.1 1.6 1.3 10 0.8 08 09 1.1 1.4 1.8 2.0 2.2
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  • Page 47 Advertisements
    • 951 47 it HYUNDAI I MERCHANT MARINECO.LTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PGO* VESSELS VOl~ SIN RTM ANT* LEH* HAM BREt FEL 18/05 20/05 21/05 H. INNOVATOR 309N 23/05 10/06 11/06 13/06 11/06 11/06 14/06 25/05 27/05 2S/05 H. EXPLORER 311# 30/05 17/06 19/06 20/06 19/06 19/06 21/06 01/06 03/06
      951 words
    • 433 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL V?TI RT te it ORtNCE SUV Vl» M/S j J/ COSMIC CHALLEMCER V 33 17/« CHIMPIO* TRADER V3J 11/J ORANCE MOON *52 >»« 13/1 S o*6*l V 27 2/1 BUB UIIAH V2S 2/« HEISHUN V2J l/l OUTBOUND VESSELS
      433 words
    • 1031 47 VtSStL VOY SIN ETA/D LftX OAK CHI DAL "MEM/COL HOU NYC j NOR ALLIGATOR PRCE 51A 26-27/05 12/06 14/06 15/06 16/06 16/06 17/06 17/06 18/06 HENRY HUOSON BRIDGE 75A 02/06 19/06 21/06 22/06 23/06 23/06 24/06 24/06 25/06 ALLIGATOR VICTORY 53A 09/06 26, 06 28/06 29/06 30/06 30/06 01/07 07/07
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  • Page 48 Advertisements
    • 58 48 $(_'>?:~':`><)]<]=`:.&,`,|,/&\_ M.V. "SINAR SUCHEN" VOY.4 Arrived 12th May 1994 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 20th May 1994 0900 -1200 hours at PT 9. No further survey will be entertained thereafter. At AganU: "K" Una
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    • 3 48 F MARKETING I
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