The Business Times, 20 May 1994

Microfilm: NL19381
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 Business Times W IC KNOW ASIA MITA(P) 010/12/93 Friday May 20 1994 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon Dow up 19.03 points
      50 1 Reuter NEW YORK Wall Street pushed an interest rate-related rally into its third day yesterday, with blue chips higher at midday. Advances took a 3-2 lead over declines at Ipm, EDT. The Dow Jones industrial index stood at 3,751.92 up 19.03 points at 2pm EDT. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Euro Disney banks approve restructuring
      39 1 Reuter PARIS All banks to the debt-burdened troubled leisure park Euro Disney have accepted a financial restructuring plan for the theme park, lead banks Banque Nationale de Paris and Banque Indosuez said yesterday. Reuter
      Reuter  -  39 words
  • Article
    MARKET SUMMARY
    170 1 Stock market indices Thursday Change ST1I 2,329.6 +6.44 KLSEComp 1,002.98 -7.29 Nikkei 20,221.34 +68.61 Hang Seng 9,354.98 -121.66 SET Index 1,334.42 +8.95 Jakarta Comp 482.74 +5.53 CLSA China B 989.57 +9.76 Aust All Ord 2,093.7 +14.1 FTSE 100 3,122.8 +6.3 Thursday Prerious 2 pm close Dow Jones 3,751.92
    170 words
  • Article
    S'pore disk drive sector set to get extra boost from world PC boom
    515 1  -  By Claire Leow SINGAPORE The disk drive industry, which accounted Tor about 12 per cent of Singapore's domestic exports last year, could benefit further from the boom in the personal computer industry worldwide. Global output of disk
    515 words
  • Article, Illustration
    Lock icon Singapore dollar surges to record high against US$
    341 1  -  By Paul Leo SINGAPORE The Singapore dollar surged into uncharted territory yesterday, breaching 551.54 for the first time to end at a record S$ 1.5360 against the US dollar. A currency dealer said the Singapore dollar market was a one-way street driven
    Source: TeleTrac  -  341 words
  • Article
    Teng Fong estimated to control up to 16pc of YHS
    256 1 SINGAPORE While rival factions of the Yeo clan prepare for legal battle next week, property tycoon Ng Teng Fong has been busily snapping up shares of listed Yeo Hiap Seng on the open market. It is now estimated that Mr
    256 words
  • Article
    HK Telecom eyes S'pore and South-east Asian markets
    414 1  -  From Lim Soon Neo in HONGKONG HONGKONG Telecom, which yesterday announced a 17.5 per cent increase in profit to HK57.558 billion (551.43 billion) for the year ended March 31, 1994, intends to diversify into the Singapore and Southeast Asian markets within the
    414 words
  • Article
    Comfort floats 172 million shares
    538 1  -  Fixed-price tranche pegged at 70 cents each By Ven Sreenivasan SINGAPORE Comfort Ltd. the transportation group that operates Singapore's übiquitous blue taxis, launched its initial public offer (IPO) yesterday at a minimum price of 70 cents a share. In what is the largest public offering
    538 words
  • Article, Illustration
    Lock icon Regional bourses fail to sparkle
    204 1 SINGAPORE Trading in the region's stock markets was largely featureless yesterday, with the local and Thai bourses the only markets managing rises. In Singapore, late interest in index-linked stocks pushed the Straits Times Industrials Index to a 6.44-point gain at 2.329.6. Brokers said the focus
    Source: Bridge Info  -  204 words
  • Article
    Lock icon US trade deficit shrinks 18.5pc
    186 1 Reuter, loomberg Business News WASHINGTON Record US exports in March helped shrink the deficit on trade in goods and services by 18.5 per cent to U557.46 billion (SSI 1.4 billion). The Commerce Department yesterday said exports increased 9.6 per cent to U5558.33 billion while imports
    Reuter,; loomberg Business News  -  186 words
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      178 1 htlfl I CONTENTS N«ws Companies S pore News 2 S pore M'sw .17,18.19 Regional News 3.4.6 Financial 21.22 World News 7.8 Features Markets Analysts IS Clob. IU.S£. SES 2fr2B Editorial 14 Regional 24 Sports 9 World 2i TV/Lifestyle 11 Currencies 22 Advertising 12.13 Stmex/Commo ...22,23 Subscription Tel 1800 *****77 Fax
      178 words
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      23 1 Advertising: Pg 13 Simplicity wins the day PSA chalks up 19pc rise in group net surplus to $545 m Shipping Times, Page 1
      23 words
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      20 1 Hock lx)ck Siew: r K n Diversification pays off for lAG Seagate to open mammoth plant in Yishun. Pg 2
      20 words
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      24 1 KJ 2 -191 The Bottom Linerp g u, y Investments: S'/khv can't take: fV/asy British Iclecom profits rise 2.Kpc after non-recurring costs, l*n 19
      24 words
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      Page 1 Advertisements Column 5
      71 1 tf"TYCH GROUP TRANSPORTATION WAREHOUSING SPECIALIST SINCE 1955 YOUR PARTNER IN TOTAL LOGISTICS 862-2828 (20 LINES) FAX: 861-6366 Full reports, Pgs 24-26 LS, Japan make good start in reopening trade talks, Pg 16 T-v '-<■ :<r i-& If -^P» a.testoni%* f BOLOGNA fTALIA ?|p|S^ x ■:> '?i| AT A. TESTONI BOUTIQUES
      71 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon March retail sales soar past $2b mark
        361 2  -  By Anna Teo RETAIL sales shot past the $2 billion mark in March, aided by a bout of preGoods Services Tax buying frenzy. The 52.2 billion March sales pushed the total value for the first quarter to 55.8 billion, or 14.5 per cent
        Source: Dept of Statistics  -  361 words
    • Article
      Home market cools as buyers weigh URA advice on supply
      490 2  -  17m for Grange Rd bungalow eases gloom, but eondo auctions flop By Lilian Ang, Abdul Hadhi THE private residential market has hit a lull in the wake of last week's government announeement showing figures which peg this year's supply at
      490 words
    • Article, Illustration
      Kmart Metro opens its first discount store
      323 2  -  By Corinne Kerk DISCOUNT store Kmart Metro opened yesterday, with loeal partner Metro expressing confidence that its performance would not eat into business for Metro's own stores, including its factory outlets. Kmart Metro, a joint venture between Singapore-listed Metro and United Stateslisted Kmart
      323 words
    • Article
      JTC projects offer 52ha for warehouses
      168 2 JURONG Town Corp is developing two warehousing projects one at Clementi and the other at Changi. The dementi Distripark. under eonstruetion in Avenue 6. eovers 12 ha and will cater to general industry. The Changi Aviation Distriwne, being built on 40 ha near the
      168 words
    • Article
      EDB to release monthly industrial production figures
      503 2  -  By Genevieve Cua FROM THIS month, the Economic Development Board will release the index of industrial production monthly, in an effort to provide a more timely indicator of the performance of the manufacturing sector. At a press briefing yesterday. EDB deputy director for
      503 words
    • NEWS ROUNDUP
      • Article
        Robert Chua re-elected SMA head
        83 2 ROBERT CHUA was elected to a fourth term as president of the Singapore Manufacturers' Association at its annual general meeting on Wednesday. His term of office runs from 1994 to 1996. "Over the next two years, my main objective is to lead SMA into a
        83 words
      • Article
        Benefits of FairPrice's expansion
        70 2 BY EXPANDING overseas. NTUC Fair Price will reap greater economies of scale and pass on the benefit of lower prices to Singapore consumers. Labour leader Lim Boon Heng yesterday said the retail cooperative would thus fulfil its social objective. Speaking at Fair Price's staff dinner and
        70 words
      • Article
        Furniture makers head for India
        56 2 LOCAL furniture makers will leave for their first trade mission to India today. The nine-day mission is jointly organised by the Economic Development Board, the Trade Development Board and the Singapore Furniture Industries Council. The 10 senior executives from local furniture manufacturing companies will visit
        56 words
      • Article
        $12m sales from Gulf visit expected
        101 2 A RECENT Trade Development Board-led mission to Dubai. Kuwait and Jeddah is expected to generate sales of more than $12 million over the next 12 months for the participating companies. TDB said in a statement yesterday that several companies were in the process of
        101 words
    • Article
      Seagate plans 1m-sq-ft plant to house operations in Yishun
      316 2  -  By Claire Leow DISK drive-maker Seagate Technology will spend "a few hundred million" dollars to build a mammoth plant in Yishun of about one million sq ft. eodenamed Seagate City. Chairman Alan Shugart said recently he had informed staff of the
      316 words
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      388 2 F 1 ,V> ■.y 7 For Home or Office deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577. S-#. I <hd(iwmftm. j ONIOP I QNTOP fORTHMBBHIW R*IW*SW« ON TOP r 1 COOTOKR V«flV B y r I
      388 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Bank Indonesia raises key discount rate for second time this month
      327 3 Reuter JAKARTA Indonesia's central bank yesterday raised its key discount rate for the second time this month to maintain parity with American discount rates and to reign in strong credit growth, an official said. Bank Indonesia raised its key
      Reuter  -  327 words
    • Article
      MBf Holdings accuses media of blowing up innocent meeting
      392 3  -  From Ho Kay Tat in KUALA LUMPUR AFTER maintaining a long silence, MBf Holdings Bhd yesterday accused the media and the public of blowing up an innocent meeting between its chief executive Loy Hean Heong and the Lord President Hamid Omar
      392 words
    • Article
      Lock icon Mahathir calls for vigilance against inflation
      419 3 Bernama. Reuter KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday stressed the importanee tor all parties to play a role in eurbing inflation and ensuring the stability of the ringgit to prevent eeonomie destruction. lie said such efforts were essential, otherwise all parties the people,
      Bernama.; Reuter  -  419 words
    • Article, Illustration
      Lock icon Limousine fit for a president
      39 3 AFP JAKARTA Indonesian President Suharto (left) taking a closer look at the Malaysian-made Proton Wira limousine given by Malaysian Prime Minister Mahathir Mohamad and handed over by visiting Defence Minister Najib Razak yesterday. AFP
      AFP  -  39 words
    • ASIA NOTES
      • Article
        Lock icon Manila monetary officials call for calm
        129 3 AFP MANILA Philippine monetary officials yesterday called for calm following a multi-million dollar securities scam, but admitted that the losses were much bigger than earlier thought. The Monetary Board assured the public that there was no reason to panic. "Only two banks have been
        AFP  -  129 words
      • Article
        Lock icon Tansil trial to go ahead: judge
        80 3 AFP JAKARTA An Indonesian judge decided yesterday to go ahead with the corruption trial of businessman Eddy Tansil. accused of involvement in a US$449 million (*****.5 million) credit scam. Judge Sutrisno said there were insufficient reasons to transfer the case from the criminal court
        AFP  -  80 words
      • Article
        Lock icon S'pore woman sues Pahang Sultan
        60 3 Bernama KUALA LUMPUR Singaporean businesswoman Faridah Begum Abdullah, managing director of Chateau Horizon, yesterday filed a defamation suit against the Sultan of Pahang in his personal capacity, claiming that an affidavit he had authorised concerning a caveat on a piece of land in Pahang meant
        Bernama  -  60 words
    • Article
      Lock icon Malaysia expected to lift boycott of UK firms soon
      256 3 AFP KUALA LUMPUR Malaysia is likely to lift soon a threemonth boycott of British firms and may announce the decision during British Trade Minister Richard Needham's visit here next month. Government sources yesterday said Prime Minister Mahathir Mohamad was believed to
      AFP  -  256 words
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      181 3 ■HyLL. "^L^rsa SBRii^pfe ■nte mw*Jk HHm9n^liHl Wtms&iA fIMi 1 On our First and Business Classes, entertainment on as many as 11 inflight name it. All regularly updated. All After all, we did recently win the we cant promise that you 11 always be channels. In addition, Qantas First uncensored. And
      181 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China's MFN status: US govt may consider limited sanctions
      491 4 Reuter. AFP. NYT WASHINGTON The White House says limited sanctions against China are among the options to be evaluated in considering whether Beijing's trade status should be renewed. "Certainly those are among the questions that would have to be evaluated," White
      Reuter.; AFP.; NYT  -  491 words
    • Article, Illustration
      Lock icon Taiwanese president urges Beijing to face reality of separation
      287 4 AFP TAIPEI President Lee Teng-hui yesterday called on Taiwan's long-time foe, China, to face the reality that the two sides of the Taiwan Strait were separated and should compete peacefully. "The two sides of the Strait have been separated and ruled
      AFP  -  287 words
    • Article
      Lock icon China tackles hunger among 80m rural poor
      307 4 UPI. Bloomberg Business News BEIJING In the drive to defuse rural unrest, China unveiled yesterday a seven-year programme to feed the 80 million rural residents wallowing in poverty while chastising officials ignoring their plight. Fifteen years of sweeping economic reform has transformed the
      UPI.; Bloomberg Business News  -  307 words
    • Article
      Lock icon Bechtel takes 20pc stake in HK$400m Shenzhen road project
      288 4 Bloomberg Business News HONGKONG Major US construction and engineering company Bechtel Group Inc will take a 20 per cent stake in a HKS4OO million (SS76 million) project to build a toll road in Shenzhen, the booming Chinese city across the border
      Bloomberg Business News  -  288 words
    • Article
      Beijing pulls out all stops to woo HK investors
      197 4  -  From Lim Soon Neo in HONGKONG CHINA, which does not intend to let up its foreign investment drive, is sending to Hongkong a high-powered national delegation from May 23 to 26 which brings with it 760 projects for potential investment. Speaking
      197 words
    • CHINA WATCH
      • Article
        Lock icon Struck off invitation list
        70 4 AP HONGKONG Dealing a slap to its Hongkong critics, China has scrapped its invitation to a pro-democracy politician to advise it on the colony's transfer to Chinese rule. Beijing was apparently angry that Anthony Cheung accepted the invitation without telling them he was about to merge
        AP  -  70 words
      • Article, Illustration
        Lock icon Demanding their right of way
        31 4 Reuter TAIPEI About 380 taxi-drivers parking their vehicles outside parliament yesterday to demand the government lift a ban on the issuance of new car licences. Reuter
        Reuter  -  31 words
      • Article
        Lock icon Simpler import procedures
        59 4 AFP TAIPEI Taiwan's Cabinet approved a measure to simplify import procedures for Chinese goods yesterday despite a dispute over the robbery-murder of 24 Taiwanese tourists in eastern China. Under the plan, local banks and export-processing zone administrations will be authorised by the Board of Foreign Trade to
        AFP  -  59 words
      • Article
        Lock icon Plane negligence
        74 4 AFP TAIPFI Taiwan's top government watchdog yesterday approved a proposal to censure the the Cabinet, defence ministry, the air force and its US buying agency for irregularities in purchases of US S-2T anti-submarine planes. The defence committee of the Control Yuan decided that the bodies cither failed to
        AFP  -  74 words
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      Page 4 Advertisements Column 1
      189 4 history, Longines has made the happen in a close technology MfJ IP Auguste Agassiz charted the destiny of Longines. a forerunner, Longines provided instruments and timepieces to those who V [7 opened new frontiers, includ- A? ing Lindbergh, Byrd and I Amundsen. And Longines* I vV,, constant search for elegance
      189 words
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      173 5 £^^^Hliiii^li^ Specifications may differ on models sold The new BMW 540 i arrives with a fuel efficient V 8 engine that allows you and ample cabin space allow you to pilot the V 8 in first class luxury. to take off from 0-100 km/h in 6.8 seconds. And of course
      173 words
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  • REST OF ASIA
    • Article
      Lock icon Aussie corporate, housing data show growth without inflation
      377 6 Bloomberg Business News AFP CANBERRA Data showing that the housing boom may have peaked and corporate profits arc surging signal the economic recovery is in full blossom without the threat of inflation, analysts said. "While not significant market movers, both sets of
      Bloomberg Business News; AFP  -  377 words
    • Article
      Lock icon Japanese banks stop remitting US$ to N Korea
      260 6 Reuter TOKYO Japanese commercial banks have stopped remitting US dollars to North Korea, denying the isolated, cash-strapped country a source of hard currency. A Finance Ministry official yesterday said: "We are aware that the banks have stopped these dollar remittances. But it
      Reuter  -  260 words
    • Article, Illustration
      Lock icon SYDNEY
      44 6 Reuter SYDNEY Mr Bob Chow reading the first edition of the Chinese language newspaper Independence Daily in Sydney's Chinatown yesterday. The launch of the Independence Daily brings to four the number of daily newspapers on sale to Sydney's 115,000 strong Chinese community. Reuter
      Reuter  -  44 words
    • Article
      Lock icon China is top overseas base for S Korean firms
      194 6 AFP SEOUL So many South Korean companies have rushed into China since relations were normalised 22 months ago that China has leaped ahead of the US as the main overseas base of South Korean corporations. The Korea Trade Promotion Corp (Kotra)
      AFP  -  194 words
    • Article
      Lock icon Pakistan considers nuclear inspection trade-off for US arms
      388 6 Reuter ISLAMABAD Pakistan is ready to consider inspections of its nuclear programme and hopes US weapons sales can resume by the end of this year, Foreign Minister Sardar Assef Ali said on Wednesday. Diplomats said Pakistan appeared to be gradually softening its
      Reuter  -  388 words
    • Article
      Lock icon Collectors vie for NZ phone cards, licence plates as prices soar
      403 6 Reuter WELLINGTON Ask an investment analyst for an asset that costs as little as NZ$B7 (Ss7B), gains more than 10,000 per cent in value over five years and he'll probably go sleepless wondering what he's missed. One thing is
      Reuter  -  403 words
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      810 6 ADVERTISEMENT 1 WM RENAULT I PW IBggH imfdDiriMMtwm EXKLUSIV CENTRE: 1 Übi Rd 4, Singapore 1440. Tel: 741 3333 Leng Kee Showroom: 19 Leng Kee Rood, Singapore 8315. Tel: 474 1111 TWINGO's going places. BiiiiM m a a The sheer pleasure Paris to Sydney in 5 months, Hwjj by anyone
      810 words
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  • THE WORLD
    • Article
      Lock icon Continental Europe's economic prospects not too bright: OECD
      362 7 IHT PARIS Sharp upward revisions to projected growth in North America and Japan will do little to improve prospects in Continental Europe over the next 18 months, the Organisation for Economic Cooperation and Development is to tell national policy-makers meeting here to
      IHT  -  362 words
    • Article
      Clinton's nominee for envoy to S'pore hopes caning incident will cease to dominate ties
      363 7  -  From Leon Hadar in WASHINGTON IN A SIGN that Washington hopes to close the books on the caning of Michael Fay, President Bill Clinton's nominee for US Ambassador to Singapore expressed his hope on Wednesday that
      363 words
    • Article, Illustration
      Lock icon US-India ties entering bold new era: Rao
      211 7 Reuter WASHINGTON Indian Prime Minister PV Narasimha Rao told the US Congress on Wednesday that US-Indian relations were on the threshold of a bold new era. In an address to a joint meeting of the US Senate and House of Representatives that set
      Reuter  -  211 words
    • WORLD WATCH
      • Article
        Lock icon Sutherland not keen to be EC chief
        71 7 Reuter GENEVA Gatt chief Peter Sutherland of Ireland has no personal ambition to become president of the European Commission, officials of the world trade body said yesterday. They were responding to questions from journalists after reports in Irish and British newspapers that the
        Reuter  -  71 words
      • Article
        Yeltsin rejects Shakhrai's resignation
        95 7 MOSCOW Russian President Boris Yeltsin has refused to accept the resignation of Vice-Premier Sergei Shakhrai. who this week was stripped of the portfolio of minister of nationalities, a presidential spokesman said yesterday. Mr Shakhrai had complained he was not consulted in advance about the new nationalities
        95 words
      • Article
        Lock icon Europeans dissatisfied with own govts
        129 7 Bloomberg Business News LONDON Three out of four Europeans are dissatisfied with the performance of their national governments, while a little more than hall are dissatisfied with how Europe is run, the European newspaper said, citing a Mori poll. Only Luxembourg citizens prefer their own
        Bloomberg Business News  -  129 words
      • Article
        Lock icon Berlusconi free to run country
        68 7 Reuter ROME The right-wing government of Italian Prime Minister Silvio Berlusconi, which narrowly won a confidence vote in the Senate (Upper House) on Wednesday, is now cfFectively free to run the country. A confidence debate began in the Chamber of Deputies on Thursday but Friday's
        Reuter  -  68 words
    • Article
      Lock icon Thatcher to give evidence on Malaysian dam project
      159 7 AFP LONDON Former British prime minister Margaret Thatcher is to accept an invitation to give evidence to MPs investigating aid to Malaysia's controversial Pcrgau dam project, the Financial rimes reported yesterday. Staff at Mrs Thatcher's office said she would announce her acceptance
      AFP  -  159 words
    • Article
      Clinton backs Fed rate rise, predicts years of growth
      496 8 WASHINGTON President Bill Clinton, breaking with some members of his own party, on Wednesday endorsed the Federal Reserve Board's latest boost in interest rates and predicted that several years of sustained economic growth will follow especially if the European and Japanese
      496 words
    • Article, Illustration
      Lock icon Former Venezuelan president arrested
      52 8 Reuter CARACAS Venezuelan national guards leading former president Carlos Andres Perez into Caracas' El Junquito prison on Wednesday. I he Supreme Court ordered Perez's arrest to face charges of embezzlement and misuse of public funds in a 1989. I SSI 7 million (5526.4 million) currency exchange
      Reuter  -  52 words
    • Article
      Lock icon House leaders balk at Clinton plan to pay for welfare
      372 8 NYT WASHINGTON President Clinton's plan to change the nation's welfare system hit another snag this week, when leaders of the House sharply criticised the administration's strategy for financing it. In a closed meeting with top administration officials on Tuesday, several
      NYT  -  372 words
    • Article
      Lock icon British economy continues to recover, statistics show
      276 8 AFP LONDON Recovery of the British economy is continuing steadily, official figures indicated on Wednesday and dealers said that they quashed any remaining expectations that interest rates might be cut. Unemployment and public sector borrowing fell, retail sales rose, and although headline inflation
      AFP  -  276 words
    • Article
      Lock icon BBC-Pearson alliance seen challenging rivals
      378 8 Reuter LONDON The problem with going global in the media world is that everybody who's anybody is doing it. News this month that the BBC was hooking up with television and publishing giant Pearson to explore TV ventures worldwide was met with applause from media-watchers
      Reuter  -  378 words
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      Page 7 Advertisements Column 1
      315 7 i ag» i< •fr r From one of the great cities in the world, one of the greatest investments you could make. opportunity This weekend, you will have the opportunity to invest in prime city apartment estate the chosen for the Olympics, Australia's premier city; Sydney. Frephnld Title lINIVKRSITY PRECINCT
      315 words
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      Page 7 Advertisements Column 2
      107 7 '/K Breathtaking monuments, beautiful artfomns, L and the splendor of the sultanate have Hl 1 long drawn pilgrims toYogyakarta. Soon WMk Central Java's cultural heart will celebrate the arrival of a splendid five-star hotel W f* that reflects its grand hentage. Opening May 1994. Melia Purosani Yogyakarta is destined to
      107 words
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      1820 8 B_U_SJL-N_E__S_S_..T I M E S M THE MATTER OF THE COMPANIES ACT, CAP. 90 CMN SOON DAIRY FARM PTE LTD (h Voluntary Liquidation) At an Extraordinary General Meeting of the members of CHIN SOON DAIRY FARM PTE LTD duly convened and held m 118 Mmoea Crescent, Singapore 2880 on die
      1,820 words
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      Page 8 Advertisements Column 2
      81 8 TRI CHINA PTE LTD (la Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(1) and (2) of the Companies Act, Cap. $0, that the Final Meetinsof Members of the abovenamed Company will be held at 220 Orchard Road #0502 Midpoint Orchard Singapore 0923 on
      81 words
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      Page 8 Advertisements Column 3
      79 8 NOTICE OF INTENDED DIVIDEND Nam* of Company INC Enterprises (Pte) Lid Address Of Registered Office 1 Lok Yang Way, #01-08 A Singapore 2262 Court High Court of Singapore Number of Matter: 8 of 1993 Last day for Receiving Proofs: 3 June 1994 Name of Liquidators: Bobby Chin Yoke Choong Michael
      79 words
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  • SPORTS
    • Article, Illustration
      Lock icon Surprise! Sky's clear at Memorial Tournament
      339 9 Golf NYT DUBLIN, Ohio There are certain givens at the Memorial Tournament: The field is strong, the crowds are huge, the fairways are manicured and the greens are fast. But something is very different this year at the course and at the tournament that
      NYT  -  339 words
    • Article, Illustration
      The sand shot — the correct swing
      136 9  - The sand shot the correct swing Practical tips by Patrick Sherry Patrick Sherry The writer is director of Golf. Palm Resort Country Club SOME golfers think they need a strong swing to get the ball out of the bunker. Not true! What you need is a smooth swing. The Cure
      136 words
    • Article
      Lock icon Milan team, president and players do everything in twos
      566 9 AP ATHENS, Greece Everything came in twos. AC Milan scored a double triumph by winning the Italian league title and the European Champions Cup in the same year for the first time. Marcel Desailly and Dejan Savicevic. two of the key
      AP  -  566 words
    • Article, Illustration
      Lock icon Knicks beat Bulls 87-86 to lead second-round series
      459 9 1994 NBA play-offs AP NEW YORK Hubert Davis' two free throws with 2.1 seconds left, after being fouled on a six-metre jumper, gave the New York Knicks an 87-86 victory over Chicago on Wednesday night and a 3-2 lead in their second-round
      AP; Reuter  -  459 words
    • SPORT SHORTS
      • Article, Illustration
        Baseball
        71 9 NEW YORK .Major League Wednesday American: Minnesota 13 NY 5; Oakland 2 Texas 6; Cleveland 5 Milwaukee 3; Baltimore 2 Boston 5: Toronto 9 Detroit 3; California 3 Chicago 2; Seattle 6 Kansas City 7 (in 10). National: Philadelphia I Montreal 6; Chicago 5 San Diego 4; Cincinnati 1
        71 words
      • Article, Illustration
        Lock icon Golf
        150 9 AP SOTOGRANDE, Spain Scve Ballcstcros will not be sued for statements suggesting he was offered USSI million (SS 1.55 million) by the Valderrama Golf Club if he would back the course as the site for the 1997 Ryder Cup. a club spokesman said on Wednesday. Ballcstcros. who has campaigned
        AP  -  150 words
      • Article, Illustration
        Ice hockey
        17 9 TORONTO Stanley Cup Western Conference finals Wednesday: Toronto 3 Vancouver 4 (Bcst-of-seven series tied 1-1).
        17 words
      • Article, Illustration
        Rugby
        17 9 PERTH Ireland beat Western Australia 64-8 in a tour match at the WACA Ground on Wednesday.
        17 words
      • Article, Illustration
        Lock icon Tennis
        187 9 AP BOCA RATON, Florida The attorney for one of the two people arrested with Jennifer Capriati said on Wednesday he was told the former tennis player was "whacked out on heroin" when police picked her up for marijuana possession. Capriati. 18. paid for the drugs with cash advances from
        AP  -  187 words
      • Article, Illustration
        Lock icon Sumo Wrestling
        80 9 AP TOKYO American yokozuna (grand champion) Akebono pulled out of the current sumo tournament yesterday, after an upset loss and knee injury dashed his hopes for a no-loss summer record, a stablemate said. Akebono. known as Chad Rowan in his home state of Hawaii, pulled out of the
        AP  -  80 words
    • Article
      Lock icon Saudis seek to make an impression in US
      465 9 Countdown to World Cup 1994 World Com Reuter DUBAI The thought of Saudi Arabia playing Morocco in a major soccer competition in the United States is one of the more prosaic promised by this summer's World Cup Finals. But oddly, it will
      Reuter  -  465 words
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      Page 9 Advertisements Column 1
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      153 words
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      Page 9 Advertisements Column 2
      50 9 Shark's Fin Peking luck Special at $188.80" (For 10 Persons) I Vegetable Prawns with Dried Red Chilli f/O Seasonal Vegetable tl with Mushroom SV Shredded Meat with sa) Noodle iC/ Water Melon with y Sago M MAPLE LEAF Restaurant 390 Victoria Street #0101/08, Golden Landmark Shopping Centre Singaporeo7lB Tel: *****15/6
      50 words
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      Page 9 Advertisements Column 3
      103 9 ■KSEHZHoEEMHI Singapore's Authoritative Application pmrnnimmS Software Jagg-1| Compiled Specially For Users And Suppliers I 01 Computer Software ScfS A @aa NC» intfttn ftlVOte tktmt C»w»«t»r Utr4 «l Hm Compnttr InAntrj limited Available ill all ma/iu haokshues YES! Please mail me copy/ My nuiiing jJJfcv. on w<* t httent copies of
      103 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      676 10 Si NoWngßeatsAßud. M OK fresh! .PASTA DAI LY. W From Pasta Frosea. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Posto Fresco Da Solvator* Pte Ltd 30 Boat Quay, S(0104| (Open 24 hours) Tel
      676 words
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      Page 10 Advertisements Column 2
      385 10 WHERE TO WINE, DINE AND ENTERTAIN To Savour The World, Get A Fresh Start v jor W Our International Buffet at Cafe Pla:a is a world of culinary delights. Starting with a bed of the freshest Rock Oysters. Followed hy a sumptuous spread of everything from French and Italian, to
      385 words
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      Page 10 Advertisements Column 3
      272 10 IB 11 ill A T XUK C" II ATXEK K (> X 13 2 2 May 1994 4 chefs from Loi Lai Sheraton have made a come back due fo popular demand Don t miss this opportun'ty to savour authentic Taiwanese a>shes during the food promotion luffct lunch $20 (Adult)/SI2
      272 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Holding court in Camelot
      685 11 Jackie Onassis remains an enduring symbol of the Kennedy era Reuter JACQUELINE Bouvier Kennedy Onassis, suffering from serious complications of her cancer condition yesterday, is an enduring symbol of the heady Camelot period of the Kennedy White House of the *****. The widow of an assassinated
      Reuter  -  685 words
    • Article
      Lock icon Piano-less Australia still hitting the right notes
      259 11 AFP ALMOST exactly a year after The Piano put Australia on top of the filmgoing world with a share in the Golden Palm, the country is again bidding to call the tune at the Cannes film festival. And even without a film in
      AFP  -  259 words
    • Article
      Lock icon No jury duty for Hillary Clinton
      349 11 CHATTERBOX AP UPI AP AP AS EXCUSES for getting out of jury duty go, this one was airtight: Hillary Rodham Clinton told the judge she was living out of state. Besides, if she did serve, it would bring lots of gawkers. Excused, ruled Pulaski
      AP; UPI  -  349 words
    • Article, Illustration
      Lock icon Pavarotti, is that you?
      37 11 Reuter BUR TON-ON-TRENT, England I'aiarotti look-alike Colin Miller from Burton-on-1 rent suffered a broken fool after being mobbed by Japanese tourists at Birmingham airport who mistook him for the Italian opera singer. Keuter
      Reuter  -  37 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      57 11 Surf Turf Poolside BBQ elegant alfresco dining Celebrate the euphoria that Friday and Saturday brings with choice succulent meats and an ocean harvest grilled to your satisfaction. Friday A. Saturday only 6.30pm to 10.30pm Price: SS26.oo++( adult) Ssl4.oo+ child below 12 years 24 Mount Elizabeth, Singapore 0922. Td *****88 Fax
      57 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1310 11 TV RADIO I 9K] Bruce Lee: Martial Arts Master, j^H interviews by other martial arts exponents of the this pro- V~' gramme traces the life of Bruce ■'> Lee and his claim to fame be- «K <. 'WT fore his unfortunate death. V V Jackie Chan. James Coburn and Brandon
      1,310 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Distributor Gamut drops Mulberry brand
      480 12 Will Mulberry make a Singapore exit? Corinne Kerk looks at the fate of the English fashion line Mulberry, the wellknown English brand of clothing and leather accessories, will no longer be a familiar sight in Singapore. Not until a new distributor is found. Its current
      480 words
    • Article
      Lock icon Coca-Cola, Pepsi uncap new summer campaigns
      276 12 NYT TWO of the world's largest soft-drink brands are introducing significantly revamped advertising campaigns. Coca-Cola Co said on Tuesday that it would begin running new advertising for CocaCola Light, as Diet Coke is called in 30 countries overseas. This will be the first time
      NYT  -  276 words
    • Article, Illustration
      Lock icon Marketing execs give Kerrigan, Harding cold shoulder
      625 12 Despite being in the limelight, neither skaters figured on a popularity list of sports stars AP TWO Olympic skaters have soared into the top 10 on an annual popularity list of sports celebrities that is widely used by television and marketing executives. But
      AP  -  625 words
    • Article
      Lock icon Tandy banks on ads to boost Radio Shack sales
      168 12 Bloomberg Business News Tandy Corp of the us on Wednesday unveiled a new advertising campaign it hopes will rejuvenate sales at its flagship Radio Shack electronics chain. Together with a new gift delivery and repair service, the new advertising campaign could
      Bloomberg Business News  -  168 words
    • Article, Illustration
      Simplicity wins the day
      323 13  -  Corinne Kerk looks at Reader's Digest roll of honour for ad agencies Corinne Kerk A SIMPLE but ingenious ad promoting J&B Rare Scotch Whisky has won top honours in the Reader's Digest Sixth Annual Global Pegasus Awards advertising competition. The original ad appeared in the December
      323 words
    • Article, Illustration
      Lock icon Lever's hot sell in Thai ice-cream market
      569 13 The Unilever unit finds the cooling dessert and warm Asian climate a delicious business combination FT UNLIKL some of Bangkok's raunchier roadside advertisements. the enormous billboards depicting a woman's red lips invitingly parted have nothing to do with the sex industry; they are
      FT  -  569 words
    • COPY LINES
      • Article
        Addison's design show
        55 13 SINGAPORE Addison Design Consultancy is celebrating its 10 years in Asia with an exhibition of commercial design at the Design Centre in Singapore. The exhibition, which started last Thursday, will end on May 28. Visitors will get to see Addison's work in annual reports, consumer packaging, corporate
        55 words
      • Article
        Doyle to run Saatchi courses
        81 13 SINCiAPORL Saatchi Saatchi Advertising has retained marketing and strategic management guru Peter Doyle to run executive programmes for its top managers in Asia. Professor Doyle has worked with Saatchi Saatchi top management in Europe for several years, and this is the first time he has
        81 words
      • Article, Illustration
        BMW to launch new regional blitz
        73 13 SINGATORE German car maker BMW will launch a new regional advertising campaign next month to raise its profile in Asian markets. The ads will highlight the BMW logo and the double kidney grill which appears with subtle variations on the front of all BMWs.
        73 words
      • Article
        Mazda gets ISO 9002 certification
        68 13 SINGAPORE Ma/da Motor Singapore has become the first car distributor in Singapore to achieve the Sisir ISO 9002 quality certification. It is also the first Mazda distributor in the world to do so. This internationally recognised award was presented to Mazda Singapore for excellent quality
        68 words
      • Article
        Sunshine's Freshness Campaign
        83 13 SINGAPORE Sunshine is launching a "Freshness Campaign" to inform consumers that their loaves of bread are now baked on the same day they are placed on the shelf. To do so. they are now using larger "baked on" neck tags to replace the smaller "issued on" neck
        83 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 ACCENT ON INDONESIA by the Economic Business Review Indonesia A Weekly in English, Indonesian x#• 'f m developments and /™°zv available opportunities for a major Hdvsstn+irl those on the go and who Cff -r« s at g '00 per issue S want to know. 'V*. r 1 SUBSCRIPTION FORM 1
      134 words
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      Page 12 Advertisements Column 2
      47 12 Ballroom dancing takes centrestage every Sunday night at The New Warehouse. Reminisce the good old days and dance to golden oldies delivered by 5-piece band Abel Gan Friends. 8.30 pm onwards $16 nett for 2 drinks. G^U®WPI* 382 Have lock Road Singapore 0316 Tel: *****22 Fax: *****34
      47 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      114 13 Titan Automatic Designer Ferdinand A. Porsche Manufactured by IWC Schaffhausen Automatic movement. Case in titanium or titanium with 1 8 ct. gold bezel. Sapphire glass. Screw-in crown. Water-resistant to 60 m PORSCHE DESIGN by IWC PORSCHE DESIGN OUTLETS: Asia Watch Centre Pte Ltd Tel 440 4208 Cortina Watch Centre Pte
      114 words
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      Page 13 Advertisements Column 2
      175 13 r Investment Opportunity EXHIBITION The Oriental Hotel, Ariel Suite (sth level) Saturday and Sunday 21st and 22nd May 11.00 am to 7.00pm Tel: 338 0066 Ext 3535 London, SWII Old Swan Wharf, Battersea Church Road v. Ii l I. r j, An award winning development of r riverside apartments by
      175 words
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  • Article
    Malaysia looks to the skies
    523 14 EDITORIAL WHLN Malaysian Prime Minister Mahathir Mohamad made scathing remarks last year about Rupert Murdoch's purchase of Hongkongbased Star TV, he was voicing a concern many Asian governments have about their future ability to control the flow of news and information. Before the advent of
    523 words
  • WHAT THE OTHERS SAY
    • Article
      Clarity through confusion?
      284 14 HAVING BEEN under threat from the moment he became the head of Japan's first minority government in 39 years. Prime Minister Tsutomu Hata can afford to take a philosophical view of the manoeuvres to bring him down. He is living a charmed political life, probably until the
      284 words
    • Article
      Spread anti-smoking message
      162 14 THE Malay community should be more concerned about the problem of smoking because last year's National Health Survey showed that more than half 56 per cent of Malay men smoke, compared with 30 per cent of Chinese men and 28 per cent of Indian men. The community
      162 words
    • Article
      Hit smoking with tougher laws
      140 14 HEALTH MINISTER BG George Yeo opened this year's anti-smoking campaign by saying that the government plans to ban smoking in air-conditioned offices and factories this year. This follows last May's measures in which the government banned teenagers from smoking and possessing tobacco products, and heavy
      140 words
    • Article
      Matching words with deeds
      129 14 AS AN export-oriented economy, Malaysia recognises the need for a durable and open multilateral trading system. Exports account for some 70 per cent of the gross national product. During the seven years of the Uruguay Round negotiations held under the aegis of the Gatt, Malaysia made
      129 words
    • Article
      Learn to value democracy
      150 14 EARLIER THIS MONTH, the leftist opposition in Nepal called a general strike which caused factories, shops and schools to close and the streets of Kathmandu and other major towns to empty. "The only solution to the problems of democracy is more democracy," says university lecturer K
      150 words
    • Article
      Let the world see and judge
      181 14 LIKE A stubborn pain that comes and goes but refuses to fade entirely, the East Timor issue continues to surface now and then with a level of irritation that could to a certain extent impair Indonesia's relations with other countries. One of the latest
      181 words
  • Article, Illustration
    Derivatives in the dock
    719 14 In an editorial yesterday. Financial limes said a global approach to regulation is essential in order to control trading in derivatives effectively Legislators in the US Congress have long been worried that trading in derivative financial instruments such as swaps, futures and options might confront them
    719 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      553 14 —~Z&7 i f /^HQLMELEY V*-/ GRANGE /0 P S 3' HIGHGATE N6 'London's most prestigious NEW DEVELOPMENTHAMPSTEAD HEATH. freehold development of just 11 palatial jo houses of truly genuine distinction, is wSBWk 86 situated in what many people believe fV-V to be the most favoured of London's 1 residential locations.
      553 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      95 14 voo Tißcd Hoffe. no one. /^r— —n UJMPyt'S LOS>NG\ V USUESS AND 7 H *S BeEN H)ff >- 1 7 N GVOU Possj... C*<teW 'T CP\UGHT V__—^. y nfcftT.J -i P, rnoose. FOR Oi PUSSV... PG6S J r* 7 V €tJ €g| POONESBURY GARRY TRUDEAU py men you Gar espbcjallvfor
      95 words
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  • ANALYSIS
    • Article, Illustration
      Bold steps into a new economic era
      1676 15  -  Interview with the Indonesian Coordinating Minister for Industry and Trade Indonesia will in the next Jew weeks announce moves to further deregulate its economy to boost exports and investment in the face of declining oil revenues and foreign in vestment. Indonesia's Coordinating Minister
      1,676 words
    • Article
      The staggering economic forces at Jakarta's command
      955 15  -  Maggie Ford says Indonesia needs to correct the misconception that the economy is controlled by the ethnic Chinese Maggie Ford the writer is 11l 's Jakarta C orrespumlent THE international listing of shares in Indonesia's stateowned telecommunications and satellite operator Indosat, due later
      955 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      149 15 -7 The Hilton British Airways Playhouse presents iSfSr Karl Virginie Jon for aMy fling!" TT 1 T1 Howman Gilchrist lies and "This frolic is as refreshing MAY 20 MAY 27 as a spring flower" John Hart In m 10 tfSb a mnG* °f* Zsw T<y p ®l/ 2™ The long
      149 words
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  • Article
    US pressure fuelled Medan riots but China's comments unnecessary: SM
    492 16  -  Asia Society International Corporate Conference By Yang Razali Kassim SINGAPORE American pressures on labour policies in Indonesia contributed to the riots in Medan, in north Sumatra, Senior Minister Lee Kuan Yew said yesterday. But China's comments on the Medan riots
    492 words
  • Article
    Anwar sees greater Asian role in global affairs
    328 16  -  By Yang Razali Kassim SINGAPORE A confident and prosperous Asia will give rise to greater Asian responsibility in global affairs, said Malaysian Deputy Prime Minister Anwar Ibrahim yesterday. A fresh start could then be made to rebuild East-West relations on the basis
    328 words
  • Article
    Nafta membership for Asian nations could prevent split in Asia-Pacific: SM Lee
    239 16  -  By Yang Razali Kassim SINGAPORH The inclusion of Asian countries in the North American Free Trade Agreement (Nafta) would prevent the Asia-Pacific region from being split down the middle. said Mr Lee Kuan Yew yesterday. Replying to a
    239 words
  • Article, Illustration
    PM Goh, China vice-premier discuss Suzhou project
    320 16  -  By Walton Morais SINGAPORE Prime Minister Goh Chok l ong held extensive discussions on the progress of the Suzhou township project during a meeting yesterday with Chinese VicePremier Li Lanqing on the sidelines of the Asia Society conference. Mr Li. who visited the
    320 words
  • Article
    Stick to slow, steady reform, investors urge China
    457 16  -  By Schutz Lee SINGAPORE A panel of investors in China said they preferred a slow and steady pace of reforming the state sector and of curbing inflation to he maintained rather than accelerated. Koh Boon If wee. executive chairman of Singapore's Wuthelam
    457 words
  • Article, Illustration
    S'pore cannot be complacent in investment drive
    888 16  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a BT correspondent WHEN Prime Minister Goh Chok l ong was in Germany and Britain last month. Economic Development Board officials were with him. doing what they do best wooing investors.
    888 words
  • Article
    Lock icon Fed probing ex-governor over alleged information leak: report
    247 16 AP NEW YORK The Federal Reserve is investigating whether Wayne Angell. who recently stepped down as a governor at the central bank, received inside information about Fed activities. The Atnr York limes yesterday reported that the investigation was focusing on a report
    AP  -  247 words
  • Article
    Lock icon US, Japan make good start in reopening trade talks
    326 16 AP WASHINGTON US Trade Representative Mickey Kantor yesterday said negotiators from the US and Japan had made a good start in try ing to achieve a breakthrough in a contentious trade tight between the two countries. Mr Kantor. who broke away
    AP  -  326 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      17 16 FfffilU Make new business contacts through classification 203 in The jCqLja Straits 0 Times Classified. c.a.t.s. 1737-1166
      17 words
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      Page 16 Advertisements Column 2
      69 16 Ul IBIkaiser^ It y KITCHEN SYSTEM <f i furong East St 21, B I 4 g #03-180 Singapore 2260. T«l: *****03 Hours 11 am to 8 pm Daily SINGAPORE KJJALA LUMPUR NGEE ANN ODEON TOWERS LB MENARA IMC CITY (Opp. Rjfflta (Opp Shangri-La Hotel) (Orchard Road) H Quality Serviced Offices
      69 words
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  • COMPANIES & MARKETS
    • Article
      Eltech's US operation turns profitable after winning new business
      402 17  -  By Joseph Rajendran SINGAPORE Eltech Electronics has turned around its United States operation, after two years in the red. Managing director Tan Geh said yesterday the group's Chelmsford, Massachusetts, plant had been operating profitably since January. "We phased out some of
      402 words
    • Article, Illustration
      SIA may use A330 for regional flights
      220 17 SINGAPORE Singapore Airlines is likely to replace its regional services fleet with the Airbus 330 aircraft in the longer term as a result of burgeoning intra-Asia travel. Airbus Industrie public relations manager Sean Lcc said yesterday that SlA's A3lO fleet, which plies regional
      220 words
    • Article
      Diversification pays off for Land & General
      782 17  - Diversification pays off for Land General HOCK LOCK SIEW By William Chia KUALA LUMPUR Land and General Bhd (L&G) is certainly living up to the third word in its name. The former timber company, which changed its name from General Lumber Bhd in January 1992 to L&G to reflect its
      782 words
    • Article
      HBM Print closes 50pc above offer price on first trading day
      300 17  -  By Corinne Kerk SINGAPORE Colour separation and printing company HUM Print made a stronger-than-expccted debut on Sesdaq yesterday, closing at 74 cents or almost 50 per cent above its offer price of 50 cents. It was also the day's
      300 words
    • Article
      Bank Negara tells insurers to disclose planned sales of shares
      255 17  -  From Ho Kay Tat in KUALA LUMPUR BANK NEGARA has told insurance companies that they must seek central bank approval before entering into any agreements to dispose of shares to other parties. The bank, in a May 16 circular obtained
      255 words
    • Article
      Powermatic proposes 2-for-5 bonus issue
      265 17 SINGAPORE Sesdaq-listed Powermatic Data, in spite of stagnant profits, yesterday proposed a two-for-ilve bonus issue. The group, which develops and markets network cards that link PCs. reported a 1.2 per cent increase in pre-tax profit to $6.09 million for the year to February. Turnover, however,
      265 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 17 Mixed Market Mixkl' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment Brokers polled Barings. Daiwa, GK Goh. Kay Hian. Morgan Grenfell. Phillip. Smith New Court. Tat Lee and SG Warburg.
        42 words
      • Article, Illustration
        HOT STOCK
        132 17  -  -By Paul Leo Vikay Industrial has recovered from its all-time low of $1.06 touched on May 13. Technical factors are pointing to further recovery. Daily Moving Average Convergence-Divergence indicator signalled a buy. Yesterday's price was above the 13-day moving average line for the first time since late April.
        132 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          SES nod for new SPC shares
          59 18 SINGAPORE Singapore Petroleum Co Ltd has received inprineiple approval from the Stock Exchange ol Singapore for the listing and quotation of the new shares arising from its bonus issue of up to 70.53 million new ordinary shares of 50 cents each on the basis
          59 words
        • Article
          Harimau shareholders endorse issue
          45 18 SINGAPORE Harimau Investments Ltd said yesterday that at an extraordinary general meeting held on Wednesday, the company's shareholders approved the bonus issue ot 10.012 million new ordinary Si shares on the basis ot one bonus share for everv five shares held.
          45 words
        • Article
          LC Development unit buys firm
          52 18 SINGAPORE LC Development Ltd said that one of its Malaysian subsidiaries, LCD Management (M) Sdn Bhd, has acquired 62.500 shares of MSI each in Naginda Sdn Bhd. making the latter its wholly-owned subsidiary. The shares were acquired at par value and the consideration was paid
          52 words
        • Article
          Haw Par details effects of bonus issue
          115 18 SINGAPORE Haw Par Brothers International yesterday gave further details of the effects of its proposed one-for-10 bonus issue of up to 19.76 million shares, after adjusting for the exercise of 3,000 options and 4,760 warrants. Assuming full exercise of the options and warrants,
          115 words
        • Article
          Lim Kah Ngam proposals approved
          36 18 SINGAPORE At a Lim Kah Ngam extraordinary general meeting yesterday, shareholders approved changes to the articles of association of the company, the proposed bonus issue and the proposed issue of warrants.
          36 words
        • Article
          Rotary buys Innovative stake
          55 18 SINGAPORE Rotary Engineering Ltd has subscribed for a 51 per cent interest in the equity of Innovative Biotech Pte Ltd. comprising 765,000 $1 shares each fully paid-up at $2.50 each for a total consideration of Si.9l million. Innovative's business is mainly in medical products targeting hospitals,
          55 words
        • Article
          Lock icon Mulialand scales down IPO issue
          67 18 Bernama JAKARTA Indonesia's PT Mulialand, the property division of the Mulia group, has scaled down its initial public offering issue to 25 million shares from a planned 147 million, lead manager PT Sigma Batara said yesterday. "Due to unfavourable worldwide market conditions, Mulialand has decided
          Bernama  -  67 words
      • Article
        Shinawatra mobile phone unit's first quarter profits soar
        369 18  -  From Loh Hui Yin in BANGKOK A SHINAWATRA subsidiary which provides mobile telephone services has benefited tremendously from the growing affluence in Thailand. Advanced Info Service (AIS) rang up a net profit of 383.7 million baht (5523.4 million) in the first quarter
        369 words
      • Article
        Lock icon Sikap offer for Malakoff not attractive: merchant bank
        190 18 Bernama KUALA LUMPUR Rakyat Merchant Bankers Bhd says the proposed unconditional mandatory general offer by Sikap Power Sdn Bhd for Malakoff Bhd's shares not already owned by Sikap Power is not attractive from the financial viewpoint. In an independent advice to Malakoff
        Bernama  -  190 words
      • Article
        Lock icon UEM gets concession as KL privatises pharmaceuticals
        298 18 Bernama KUALA LUMPUR United Engineers (VI) Bhd has entered into a 15-year concession agreement with the government for the privatisation of the Health Ministry's pharmaceutical laboratories and stores (Vlakmal Übat dan Stor or MUS). UEM said yesterday it was also given the right
        Bernama  -  298 words
      • Article, Illustration
        Lock icon EON turns in 52pc rise in pre-tax profit at M$276m
        238 18 Bernama KUALA LUMPUR Edaran Otomobil Nasional Bhd (EON), the distributor of Malaysia's national car Proton, yesterday reported group pretax profit of M 5275.9 million (*****.8 million) for the year ended Dec 31, 1993. a rise of 52 per cent compared
        Bernama  -  238 words
      • Article
        MMC associate claims gold mine damages against CRA
        161 18  -  From Brian Gomez in SYDNEY MALAYSIA Mining Corp's associate company. Plutonic Resources Ltd. has launched a damages claim that could involve up to AS 150 million (SSI6B million) against Australian mining giant CRA Ltd over a rich gold mine in East Kalimantan.
        161 words
      • Article
        UNIT TRUSTS & FUNDS
        517 18 UNIT TRUSTS FUNDS Managers' prices May 20 iJSGr Fund 102 106** Singapore Unit Trust UMB lnvest Ltd I he Commerce 170 I Wlxd J# Cn!teiT(ir Fund' '.76 S'pore Sev Fund 104 MO United Asia Fnnd 167 1.77(5 s>hv; invest Kund 125 i .'2 (JOB Life Assurance S'porc Fquity Fund 0*6
        517 words
      • Article
        Lock icon KFC expects M$500m turnover this year, plans 20 new outlets
        311 18 Bernama KUALA LUMPUR KFC Moldings (M) Bhd, the largest fast-food franchise operator in the country, is confident that its turnover will reach MSSOO million (***** million) this year, surpassing its previous level of M 5369.55 million. "1 am sure KFC
        Bernama  -  311 words
      • Article
        Philippine conglomerate Ayala posts 27pc rise in net income
        304 18  -  From Al Labita in MANILA CONGLOMERATE Ayala Corp has reported a 27 per cent jump in net income to 2.040 billion pesos (SSI 13.5 million) on a 14 per cent surge in turnover to 14 billion pesos. Ayala Corp is a
        304 words
      • Article
        Lock icon British Telecom profits rise 2.8pc after non-recurring costs
        297 19 Reuter LONDON British Telecommunications pic yesterday announced a 40 per cent jump in unadjusted full year pre-tax profits. But excluding non-recurring costs incurred last year and this year mainly for a massive redundancy scheme the underlying profit growth was only 2.8 per
        Reuter  -  297 words
      • Article
        Lock icon Talks on China highway deal still preliminary: Cheung Kong
        114 19 Bloomberg Business News HONGKONG Cheung Kong Holdings is only in preliminary talks over a contract to build a 300-km highway in China's south-western province of Sichuan, a spokeswoman said yesterday. On Wednesday, Hongkong's United Daily newspaper reported an unidentified senior government
        Bloomberg Business News  -  114 words
      • Article
        DIVIDENDS ANNOUNCED
        1412 19 Payment Ex Books Pay date close date ABR Hldgs 5* F 9 Jun 29 Jul 5 Jul 15 Acma F 10 Jun 14 Jun 20 Jul 5 Boustcad 50* I 8.5 Apr 22 May 7 Jun 6 B Raya F 5 May 24 Jun 8 Jul 7 Cathay
        1,412 words
      • Article, Illustration
        Lock icon Ralph Lauren copied YSL dress, says court
        267 19 Reuter PARIS A Paris court has ordered US designer Ralph Lauren to pay France's Yves Saint Laurent 2.2 million francs (SSS94.(XX)) for copying one of his dresses in the first copyright duel between two of fashion's biggest names. The commercial court said Mr
        Reuter; Reuter file photo  -  267 words
      • COMPANY BRIEFS
        • Article
          Lock icon Mitsubishi Estate's profits down
          81 20 Bloomberg Business News TOKYO Mitsubishi Estate. Japan's largest eommereial real estate company, may continue to attract investors because of its prime real estate holdings, even though it posted a 32.8 per cent decline in current profit. "The reason for the relative good performance of Mitsubishi Estate
          Bloomberg Business News  -  81 words
        • Article
          Lock icon Marubeni's pre-tax gains up 10pc
          72 20 AFP TOKY O Japanese trading company Marubeni Corp yesterday said its pre-tax earnings climbed 10 per cent from a year earlier to 41.1 billion yen (SS62O million) in the year to March despite lower sales. The Osaka-based affiliate of Fuji Bank Ltd said sales dropped
          AFP  -  72 words
        • Article
          Lock icon Sumitomo hit by poor sales
          72 20 Reuter TOKYO Trading house Sumitomo Corp said its parent and group profits fell in the year to March 31, 1994. because of drops in sales and extraordinary losses posted in order to improve its asset portfolio. "Decreased sales and increased costs from sales and administration
          Reuter  -  72 words
        • Article
          Lock icon Honda-Rover agreement
          86 20 AFP TOKYO Japan's Honda Motor Co yesterday agreed on the terms and eonditions for terminating its eross-shareholding relationship with British carmaker Rover Group Ltd. Under the agreement, which follows the purchase of 80 per cent of Rover by German carmaker Bayerishe Motoren Werke AG (BMW). Honda said it
          AFP  -  86 words
        • Article
          Lock icon Nissho Iwai profit down 9.6 per cent
          73 20 AFP TOKYO Japanese trading company Nissho Iwai Corp yesterday said pre-tax earnings fell 9.6 per cent from a year earlier to 14 billion yen (SS2O7 million) in the year to March. The Osakabased affiliate of Sanwa Bank and Dai-Ichi Kango Bank said sales
          AFP  -  73 words
      • Article, Illustration
        Lock icon Sony blames yen for 33pc profit fall
        474 20 Japanese corporate results Bloomberg Business News TOKYO Electronics and entertainment giant Sony Corp blamed the strong yen and the sluggish Japanese economy for a 33.2 per cent decline in its current profit in the fiscal year ended March 31. The company yesterday said
        Bloomberg Business News  -  474 words
      • Article
        Lock icon Sony starts division to sell high-powered CD-based video game machine
        246 20 NYT NEW YORK Seeking to stake out turf in the increasingly competitive video game market, Sony Corp said on Wednesday that it had formed a unit called Sony Computer Entertainment of America to market a CD-based video game machine, which
        NYT  -  246 words
      • Article
        Lock icon Sega profit falls 62pc on strong yen
        225 20 AFP TOKYO Japanese computer game giant Sega Enterprises Ltd said yesterday its consolidated pre-tax earnings plunged 62 per cent from a year earlier to 21.7 billion yen (***** million) in the year to March. The company said worldwide sales were stagnant at less
        AFP  -  225 words
      • Article
        Lock icon Toyota regains the top corporate earnings spot
        205 20 AFP TOKYO Japan's Toyota Motor Corp has regained the top corporate earnings spot for the first time in three years, while the Bank of Japan has plummetted to 316 th. Research agency Teikoku Databank Ltd yesterday released its survey showing that Japan's biggest
        AFP  -  205 words
      • Article
        Lock icon More pain in store for scandal-ridden construction firms
        432 20 Bloomberg Business News TOKYO Plagued by scandals and a collapse in demand for new office building and factories. three of Japan's top construction companies have reported profit declines for the year to March 31. And more pain is in store for the
        Bloomberg Business News  -  432 words
      • Article
        Lock icon Trading giant Itochu's pre-tax profit drops 38pc
        217 20 AFP TOKYO Japan's biggest trading company. Itochu Corp. said yesterday its pre-tax profit plunged 38.3 per cent from a year earlier to 30.8 billion yen (***** million) in the year to March as sales fell. The Osaka-based trading giant said sales were down
        AFP  -  217 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon National Australia Bank profit up 71pc, Westpac in the black
        580 21 AFP SYDNEY Australia's most profitable bank. National Australia Bank Ltd, recorded a 71 per cent interim profit rise yesterday, leading the sector out of a recent quagmire of problem loans. Meanwhile, Westpac Banking Corp has emerged from the red with
        AFP; Reuter  -  580 words
      • Article
        Simex daily volume hits record high of 255,927
        109 21 SINGAPORE Simex daily volume shot up to an all-time high of 255,927 contracts on Wednesday, breaking the previous record of 236.092 contracts set on March 2, 1994. The exchange said Wednesday's record also marks the fourth time in as many months this
        109 words
      • Article
        London futures exchange decides not to join Globex
        310 21  -  By Soh Tiang Keng SINGAPORE The London International Financial Futures and Options Exchange (LilTe) has dropped the idea of joining Globex, the Chicago-based electronic trading system. LilTe made this decision after two months of formal talks on possible membership with the founding
        310 words
      • Article
        Lock icon Maybank plans to expand in emerging countries in region
        326 21 NST KUALA LUMPUR Malayan Banking Bhd plans to expand in emerging countries in the region. Its new managing director, Amirsham Abdul Aziz, yesterday said the hank was applying for licences to operate representative offices or branches in several neighbouring countries. Within
        NST  -  326 words
      • Article
        Lock icon Morgan Stanley group earnings down 41pc
        160 21 Bloomberg Business News NEW YORK Morgan Stanley Group Inc yesterday said first-quarter earnings fell 41 per cent as revenue from the firm's investment banking and bond business dropped. The third-largest firm in the US in terms of capital said earnings for the three months
        Bloomberg Business News  -  160 words
      • SMALL CHANGE
        • Article
          Lock icon China to set up south-west bank
          98 21 Reuter SHANGHAI China is to set up a new bank to serve the south-west and attract overseas funds into the region, one of the poorest in the country, the Economic Sews Daily said. The China Southwest Development Bank would be controlled by the People's
          Reuter  -  98 words
        • Article
          Lock icon Extra fixed deposits rate set at 3.38pc
          80 21 Reuter SHANGHAI The People's Bank of China set t.ie additional interest it will pay in June on fixed deposits of three years or more at 3.38 per cent, the Financial News said. The bank pays the additional interest to protect depositors from the
          Reuter  -  80 words
        • Article
          Lock icon Five Japanese banks to cut dividends
          93 21 Reuter lOKYO Two Japanese regional banks and three second-tier regional banks are expected to cut annual dividends for the year to March 31, 1994. senior financial sources said. A report from the sources did not specify the names of the banks cutting dividends. Japan's
          Reuter  -  93 words
        • Article
          Lock icon Taiwan builder to raise funds overseas
          67 21 Bloomberg Business News TAIPEI Rucntcx Construction and Development Corp. a Taiwan builder and property developer, has received permission to raise 72 million Swiss francs (5578.3 million) through an overseas bond sale, the Securities and Exchange Commission (SEC) said. The bonds will be convertible. Ruentex
          Bloomberg Business News  -  67 words
      • Article, Illustration
        Lock icon Amro's trade, commo financing arm plans big Asian expansion
        369 22  -  By Shiv Taneja SINGAPORE Mces Pierson NV, the trade and commodities financing arm of Dutch bank ABN Amro, hopes to expand its Asian client base to more than 150, with assets in excess of US$l billion (551.54 billion) in the next
        Photo by Arthur Lee  -  369 words
      • Article
        Lock icon Japan traders don't see sugar shortage despite Indian buying
        387 22 Reuter TOKYO Large purchases of raw sugar by India have pushed up prices, but Japanese traders yesterday said there were unlikely to be severe shortages in the Asian region. "The market is well aware of Indian buying, but actually there is
        Reuter  -  387 words
      • Article
        Lock icon China to open 13 South China Sea oil blocks to foreigners
        324 22 AFP BEIJING China is to open 13 blocks covering 40,000 sq km in the South China Sea to exploration by foreign oil companies, Xinhua news agency reported yesterday. The fields are situated in the Pearl River Delta near Hongkong
        AFP  -  324 words
      • Article
        Lock icon Thai plan to boost sugar output may threaten industry
        245 22 Reuter BRISBANE The Thai sugar industry's plan to boost production by nearly 50 per cent by 1996/97 could threaten the industry's future, the managing director of KSL Export Trading Co, Pichai Kanivichaporn, said yesterday. Mr Kanivichaporn told the Australian Sugar Convention
        Reuter  -  245 words
      • Article
        Lock icon US oil firms' fortunes vary in Philippines
        225 22 AFP MANILA A subsidiary of US firm Vaalco Energy Inc flowed oil in commercial quantities at an ofTshorc drilling site in the western Philippines, but the local unit of another US company, Anderman-Smith, struck out at nearby Mindoro island, the energy department said
        AFP  -  225 words
      • Article
        Lock icon Key negotiator confident of wrapping up new rubber pact by October
        411 22 AFP KUALA LUMPUR Natural rubber producers and consumers are likely to end their protracted argument and wrap up a new global pact at the second round of talks in Geneva in October, a UN negotiator said here yesterday. "We
        AFP  -  411 words
      • Article
        Russia, De Beers meet to resolve diamond disputes
        337 22  -  From John Helmer in MOSCOW OFFICIALS of the Russian government and the De Beers diamond cartel met in Moscow this week to try to resolve disputes that have been unsettling world diamond markets. In a joint communique issued on Wednesday, the two
        337 words
      • Article
        Lock icon London
        182 22 Bloomberg Business News LONDON The dollar rose against the yen here amid speculation the Federal Reserve is poised to buy dollars to prevent a Further drop in the US currency. Traders said the Federal Reserve Bank of New York's foreign exchange desk checked trading rates at commercial banks shortly
        Bloomberg Business News  -  182 words
      • Article
        Prices up on expiration of crude oil contract
        172 22 Bloomberg ENERGY REPORT LONDON Oil futures prices were led higher yesterday as traders in New York pushed up the value of the June sweet crude oil contract, which expires today, brokers said. Demand for crude for prompt delivery was strong as refiners
        172 words
      • Article
        Lock icon Shell Refining to improve efficiency
        86 22 Bernama KUALA LUMPUR Shell Refining Company (Federation of Malaya) Bhd plans to improve efficiency to overcome unstable crude oil prices, chairman Christopher Jeremy Knight said on Wednesday. He told newsmen after the company's 35th annual general meeting here that the company would operate in the
        Bernama  -  86 words
      • Article
        Lock icon New York
        96 22 AFP NEW YORK The dollar was mixed against other major currencies in quiet trading here early yesterday and was expected to decline the rest of the day. At about 9:40 am (1340 GMT), the dollar traded at 1.6560 marks, down from 1.6535 several hours earlier in London and
        AFP  -  96 words
      • Article, Illustration
        Untitled
        1668 22 I ruik-HciihlnJ nulf mkutuUxl aitaiiwt SymnrS lop 14 n culm* i<aitiier\ Ha\e imr l9Hf US$/S$ forward rates Noon May 19 s$ Bid Offer 1.5373 1.5388 2-month 1 5369 1.5384 3-month ***** 1.5380 6-month 1 5360 1 5330 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 19 Singapore
        1,668 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar steady while Euroyen rises
        1333 23 SIMEX REPORT Reuter SINGAPORE Simcx Eurodollar futures closed steady after trading in a tight range yesterday. Dealers said trading was much quieter compared with Wednesday's heavy, volatile session. A dealer with a Japanese commission house said there was some selling by Chicago investors in the
        Reuter  -  1,333 words
      • Article
        KL tin retreats 21 sen to M$14.46
        608 23 COMMODITY REPORTS Tin TIN retreated and closed 21 cents down at M 514.46 a kg yesterday, due a lower London Metal Exchange and initial high ofTcrs along with a stronger ringgit against the US dollar, traders said. "Metal prices fell sharply in London
        608 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Egypt's crude oil prices lower
          125 23 CAIRO Egypt's crude oil pricing differentials will be slightly higher in June than May, effectively lowering prices, the Egyptian General Petroleum Coip announced yesterday. The state-run EGPC, which controls Egypt's oil industry, prices its benchmark Gulf of Suez Blend on a formula consisting of 60
          125 words
        • Article
          US expect chicken exports to be strong
          120 23 KANSAS CITY It should be a good year for chicken producers. Production was expected to be up, and at the same time, prices were predicted to hold at high levels through most of the year. Chicken production was up 6 per cent from
          120 words
        • Article
          Fewer licensed Russian oil exporters
          125 23 MOSCOW The number of Russian companies licensed to export oil has fallen to 18, with only 14 of them allowed to export crude without limitations outside the former Soviet Union, a Foreign Economic Relations Ministry official said yesterday. The official said that Russian oil producers,
          125 words
    • Article
      COMMODITY PRICES
      1468 23 Rubber May 19 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30pm) Barm Tittiiri As at 12 noon (S cents/kg) RSS 1 Contract (S ccnts/kg) Volume *55 unc '«.00N Month High Low Sett (tonnes) Interest RSS 3 June 94 150.00 I3I.00N RSS 4 June 94 145 00
      1,468 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1252 24 14.1 UJSTRALIAN shares fell yesterday as investors sold stock to ock in profits following recent rallies on the bourse, brokers said. The key market barometer, the All Ordinaries Index, closed at 2.093.7 points, 14.1 points or 0.7 per cent above Wednesday's finish. The All Industrials Index dropped 17.8 points
        1,252 words
      • Article
        Manila
        574 24 -41.3 A banking scandal that has shaken investor confidence in the Philippine financial system drove down share prices for the second day in a row, analysts said. The banking scandal is affecting the market," said Mike Jacob, an analyst with Sun Hung Kai Securities. "We really don't know what
        574 words
      • Article
        Taipei
        543 24 -38.64 Taiwan stocks ended lower on a consolidation after recent rises, with much of the selling aimed at industrials, brokers said. The index slid 38.64 points to end at 5,944.61. Turnover fell to NT558.31 billion from Wednesday's NTS62.B billion. Late profit-taking was heavy in paper and plastic stocks, which
        543 words
      • Article
        Seoul
        403 24 +4.86 Improving economic fundamentals prompted institutions to renew interest in largecapitalisation manufacturing counters, sending the market higher at the close in improving trading volumes. The composite stock index added 4.86 points to 951.73. off a day high of 959.72. Swift profit-taking limited gains in primary blue chips. Steelmaker POSCO
        403 words
      • Article
        New Zealand
        266 24 -30 The New Zealand share market undid all the gains made on Wednesday to close at pre-Fed tightening levels. The NZSE-40 capital index fell 30 points to 2,124.85 after a 37-point gain on Wednesday. The winners on Wednesday were the losers yesterday, with Carter down 10 cents to
        266 words
      • Article
        Bombay
        48 24 1.7 Share prices ended nearly unchanged after recovering from a small dip at mid-session, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 3,808.71, up 1.7 points from the previous close. The 100-share national index rose 3.52 points to a provisional close of 1,848.11.
        48 words
    • WORLD STOCK MARKETS
      • Article
        London
        684 24 +6.3 STOCKS rose yesterday on speculation both British interest rates and inflation will remain low through the end of the year. The FT-SE 100 Index of leading British shares rose 6.3 points to 3,122.8, led by gains in shares of British Gas pic, BTR pic, and Unilever pic. Investors
        684 words
      • Article
        Paris
        149 24 -18.64 French stock prices fell yesterday afternoon as investors ignored news that was expected to buoy the equities market. Among the news: reductions in two key interest rates by the Bank of France. Still, the CAC 40 Index of leading stocks fell 18.64 points to close at its low
        149 words
      • Article
        Stockholm
        132 24 1.65 Swedish shares closed little changed, except for telecom group Ericsson, which soared 6 per cent on heavy demand mainly from overseas investors, traders said. Ericsson rose 21 kronor to 389, boosted by an analyst's upgrade at Credit Suisse First Boston, which raised its opinion of Ericsson to "buy"
        132 words
      • Article
        Frankfurt
        180 24 -7.11 German stocks fell in late trading as the dollar remained weak despite this week's increase in US interest rates, threatening German companies' export earnings. The DAX index of 30 leading companies fell a further 7.11 points in com- putcr trading from the afternoon's official close of 2,247.76. It
        180 words
      • Article
        Brussels
        154 24 -7.33 Belgian stocks were pulled lower after investors sold shares of two major companies that paid dividends on 1993 earnings. The Bcl-20 Index of Belgium stocks fell 7.33 points, 0.5 per cent, to 1,532.38. Socicte Generalc dc Belgiquc, Belgium's biggest holding company, dropped 200 francs, to 2,500 after paying
        154 words
      • Article
        Milan
        115 24 -264 Italian stocks closed lower as investors reckoned the market would be short of good news now that Prime Minister Silvio Berlusconi's government had won the Senate's approval. The Milan market's blue-chip Mibtcl Index ended down 264 points or 2.1 per cent at 12,536. Milan May 19 Lire Witjlu
        115 words
      • Article
        Amsterdam
        255 24 -0.92 Dutch stocks closed lower following a decline on Wall Street and a weakening bond market amid concerns about the weak dollar. The index, which comprises the 25 most actively traded stocks, closed down 0.92 point at 415.12, dragged lower by Philips Electronics NV and Akzo Nobel NB. Declincrs
        255 words
      • Article
        Zurich
        262 24 -14.8 The Swiss Market Index of stocks fell as investors' euphoria following the US Federal Reserve s interest rate reductions faded. The Swiss Market Index, which tracks 21 stocks, closed down 14.80 points to 2,725.80 following a fiveday rally. Fifteen stocks declined and six advanced. Insecurity is growing about
        262 words
      • Article
        Johannesburg
        271 24 -13 Gold shares ended around their day highs after posting strong gains throughout the day on improved sentiment following gold's rally above US$3B2 an ounce, dealers said. The overall index ended 52 points better at 5,440. industrial index down 13 to 6,558 and gold index 113 up at 1,886.
        271 words
      • Article
        Toronto
        318 24 -1.2 Stocks remained slightly weaker at midday yesterday as strong gold stocks offset losses in most other sectors, dealers said. The gold and silver index soared 187.54 points to 9,890.54 as COM EX gold prices extended earlier gains. However, shining golds were not enough to outpace declines led by
        318 words
      • Article
        New York
        728 24 +21.79 Wall Street pushed an interest rate-related rally into its third day yesterday, with blue chips higher at midday aided by computerised pro-gramme-buying. The Dow Jones Industrial Index was up 21.79 points at 3,754.68 at I pm EDT. Advances took a 3-2 lead over declines. Wall Street, still
        728 words
      • Article
        Untitled
        755 24 Britannia Funds Smlitg Cash Bid Offer Mini C ap Deposit )*6400 J* 65(J0 Mini Jerwy (.ill 0 1*9) 0.IW Mini Mai Income 0 9500 0 9900 I S$ Cash Income Plus I Ul«d 9*MW 10 WOO PS Reserve Fund 5 2600 5 2'00 Sterling hquit> Euro Performance 0 4592 0
        755 words
    • Article, Illustration
      Lock icon HONGKONG
      3230 25 Bloomberg Business News HONGKONG Stocks fell as investors sought to profit from a week-long rise and waited for progress in talks between China and Britain on financing Hongkong's planned airport, traders said. Real estate stocks led the market lower, declining as investors sought to profit from their substantial gains
      Bloomberg Business News; Source: Bridge Info  -  3,230 words
    • Article, Illustration
      CHINA
      561 25 THE Shanghai B share market was very active yesterday due to foreign buying, with turnover reaching US$5.6 million. The CLSA B Index gained 12.8 points to 728.24. Outer Gaoqiao surged 8.4 per cent on turnover of USSI.IS million. The day's casualties were Chlor Alkali, which lost 7 per cent,
      561 words
    • Article, Illustration
      Lock icon TOKYO
      2586 25 Bloomberg Business News TOKYO Stocks closed mixed as optimistic earnings forecasts for fiscal 1994 pushed aside earlier fears that a rebound in the yen could slow the pace of Japan's economic recovery. "Earnings were generally in-line with or better than expectations, so all in all I think the mood
      Bloomberg Business News; Source: Bridge Info  -  2,586 words
    • Article, Illustration
      Lock icon BANGKOK
      1882 25 Bloomberg Business News BANGKOK Stocks rose 0.68 per cent to register their fifth straight increase yesterday as investors bid up bank shares, betting their earnings will be strong due to higher lending rates, analysts said. "Banks showed no signed of narrowing margins this past quarter." said Suraphol Tipwilai. an
      Bloomberg Business News; Source: Bridge Info  -  1,882 words
    • Article, Illustration
      Lock icon JAKARTA
      1161 25 Bloomberg Business News JAKARTA Indonesian stocks rose as strong corporate reports cheered investors yesterday. The Composite Index rose 5.53 points to 482.74. Trading totalled 25.035 million shares worth 115.061 billion rupiah, compared with Wednesday's 24 million shares. Advancers outpaced decliners 59 to 23, with 26 issues unchanged. Many stocks
      Bloomberg Business News; Source: Bridge Info  -  1,161 words
    • Article
      CLOB INTERNATIONAL
      2696 26 MOST ACTIVE volume Mulphj lull XV MIX.OIK) Ml I I.2MHWO Kills H\tl MV I 56».a*> MUIII-I'uiihk* 1.44^.1*10 MHt .ipiMl I.233.0M) i h mv I I'M mm Boi.i>.i I nil 1.ISI (KU kjinuntiiig 5flc I.IISS.OOO Kerning Bhd XV l lHIMHX) fioiiKt >W.S.IH*) I kii Htv ISK<*7 ?MOU) loluii Hk)g>
      2,696 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall amid worry about market weakness
        5731 26 Bloomberg Business News KUALA LUMPUR Malaysian stock indices fell yesterday as investors lowered offers out of concern over the market's continued decline this year, traders said. "People are afraid, because a lot of them got burned when stock prices fell this year. Institutions
        Bloomberg Business News; Source: Bridge Info  -  5,731 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7755 27 MAIN BOARD Transaction date: May 19 (»r 1494 ill Da) last Qanlr IN* l)i» \kl Vt M jp lliiih Low Company Safe WW) High Buyer Seller S t'»r S P/K Smil INDUSTRIAL AND COMMERCIAL 1350 JO* I s Acma 880 cd -20 106 WO *80 880 S85 17.5 2.1 20
        7,755 words
      • Article, Illustration
        Lock icon Late buying of blue chips lifts index 6.44 pts
        1997 28  -  By R Sivanithy SINGAPORE Share prices closed mixed yesterday, although a late spate of indexlinked buying helped the Straits Times Industrials Index to a 6.44-point gain. Alter rising 37 points between Monday and Wednesday. the STII actually spent much of yesterday
        Charts by Bridge Info; Source: Bloomberg  -  1,997 words
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      206 17 NEWS VALUE How today 's news might affect your stocks World PC boom set to give S'pore disk drive sector extra boost (pg I) All the disk-drive makers mentioned in the report are not listed here. Still, positive for companies in the electronics sector. Singapore dollar surges to record high
      206 words
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      664 18 Z Si WOCBCIMMK Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) NOTICE OF MEETING Notice is hereby given that the Fifty-Seventh Annual General Meeting of the stockholders of the Company will be held at 65 Chulia Street #19-00, OCBC Centre, Singapore 0104, on Saturday, 11 June 1994 at
      664 words
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      Page 18 Advertisements Column 2
      5 18 Dividends tabic on Page 19
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      592 19 Johnnie Winning Sensation Play best of 12 to score a win! With every bottle of 75cl Johnnie Walker Black Label, you could be in the running for these sensational prizes. How to Qualify Three Monthly Draws Now with every 75cl bottle you There is a total of 3 monthly draws.
      592 words
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      254 20 jHE STRAITS TIMES THURSDAY. APRIL 28. 1994 V feiaxed home ownershiD law« itTI mj [r J Zj| ill r« l LI Make the SMART MOVE for 1994! Be amongst the first to be at Batam centre the new financial, government and commercial heart of Batam. And with the impending relaxation
      254 words
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      Page 20 Advertisements Column 2
      453 20 +{;.]-.`^($.,"=]`^&<-},,[/_"%+( RMCA RMCA REINSURANCE LIMITED (Incorporated in the Republic of Singapore) FINAL NOTICE TO SCHEME CREDITORS OF THE SINGAPORE INSURANCE FUND OF RMCA REINSURANCE LIMITED NOTICE IS HEREBY GIVEN that the Scheme of Arrangement approved by Scheme Creditors (as defined m the Scheme of Arrangement) of RMCA Reinsurance Limited (hereon
      453 words
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      607 21 s SHANGRI-LA HOTEL LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of Shangri-La Hotel Limited will be held in the Summit Room, Valley Wing Lobby Level, Valley Wing, Shangri-La Hotel. 22 Orange Grove Road. Singapore 1025 on Saturday, 11th
      607 words
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      Page 21 Advertisements Column 2
      975 21 I SAL Industrial Leasing Limited I (Incorporated in the Republic of Singapore) IS I A**.* Singapore I Technologies m Industrial y I NOTICE OF ANNUAL GENERAL MEETING I I NOTICE IS HEREBY GIVEN THAT the 13th Annual General Meeting of the Company ijjfI will be held at Conference Room 2,79
      975 words
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      519 23 BUSINESS TIMES TOLL-FREE TEL. No. 1-600-741-1683 FAX74I-1296 LOST SHARE/WARRANT CERTIFICATES The following Share/Warrant (WRTS) certificates together with the relevant signed transfer deeda have been reported lost or destroyed:ACMA LIMITED Ceiimoato No. In ttie name of No. of Sharea/Wrta *****46 Ctmtm Haydn Omngnem Ixlooo FAR EAST LEVINGSTON SHPBULDMG LIMITED ******7/46 Lau
      519 words
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      Page 23 Advertisements Column 2
      36 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The i Straits Times xfVT Classified, cjlta 1737-11—
      36 words
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      20 25 Established s.nce 1919 ANTIQUE ESTATE WATCHES^ Shangri La hotel StxkJsTofG.lA. Certified Diamonds Tel: 732 5689 Manufacturing jewellers since 1919 ROLEX
      20 words
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      94 26 7982 Head Unit ln-dash 3D shuttle uith precision tuner and 6-CI) chimger 3553 Power Amplifier 4-channel power aith enough juice to pouttr 5952Z CD Changer 6-disc (.I)shuttle uith dtud JC-bit h\bnd l)A(. and H- 6066 EX Component Speakersl2oV oj natural solid soundfor pure pou er controller suhutxtfers. High power efficiency
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      0 26 {)>?!.@~$--*_].]-<;<<')(@@;()|;
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      1782 28 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MM SANITATION (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter SO. that the FINAL MEETING
      1,782 words
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      Page 28 Advertisements Column 2
      244 28 THE COMPANIES ACT, CAP. 50 CITY GATE INTERNATIONAL PTE LTD Al an Hxtraordinary General Meeting of CITY GATE INTERNATIONAL PTE LTD July convened ami held on the 18 May. 1994 the following special resolution was passed. SPECIAL RESOLUTION Thai the company he wound up voluntarily pursuant to Section 290(I )b
      244 words
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  • Shipping Times
    • Article
      PSA chalks up 19pc rise in group net surplus to $545m
      484 29  -  By Dexter Lee SINGAPORE The Port of Singapore Authority yesterday reported an 18.9 per cent rise in group net surplus to $544.67 million for 1993. up from $458.12 million a year earlier. Group revenue rose 10.6 per cent to
      484 words
    • Article, Illustration
      CWT's second logistics centre 80pc occupied
      258 29 SINGAPORE Singapore's largest private warehouse operator, CWT Distribution, officially opened its $30 million Jurong Districentre yesterday. The centre, on a 4.7-ha site in Pioneer Sector 3, Jurong, has 30,000 sq m of general and air-conditioned warehousing space, which will increase the CWT's storage capacity
      258 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1084 29 Page Col ABC Containerlinc 16 4 Accord Group 8 1-3 Ahrenkicl Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 Anlaco Mgml 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 3 •ASCL 5 5 Assist Marine 6 1 Avant Shpg
      1,084 words
    • Article
      Lock icon Toepfer obtains arrest warrant for Chinese vessel
      279 29 MBT KUALA LUMPUR A Sin-gapore-based trading house Toepfer International Asia has obtained a warrant for the arrest of a Chinese-flagged vessel. Ban Shan, on Tuesday. The 15.000 deadweight tonne ship, owned by Shanghai Harbour Shipping and Barging Co of China, was detained at
      MBT  -  279 words
    • Article
      Thai shipping agents seek clear guidelines on VAT
      496 29 BANGKOK Shipping agents have asked the Thai Revenue Department to provide precise guidelines for the calculation of value-added tax in the shipping business and to enlist more VAT experts in regional offices, The Kalian reports. Accountants from shipping agents raised questions at
      496 words
    • Article
      Lock icon Former Exxon chief retracts statements made after oil spill
      284 29 AP ANCHORAGE. Alaska Exxon Corps former chairman backpedalled on Wednesday from statements he made five years ago. including his assertion that the captain was drunk when the Exxon I aide: impaled itself on a reef. Lawrence Rawl had made statements before
      AP  -  284 words
    • Article
      Lock icon Indonesia pledges to stamp out illegal levies at ports
      217 29 Reuter JAKARTA Indonesia promises to stamp out "illegal levies" at its ports to ease the processing of exports and imports, Transport Minister Haryanto Danutirto said yesterday. "We will make an effort to abolish illegal levies as soon as possible," Mr Danutirto
      Reuter  -  217 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        504 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Mko 1 ***** P04 along** 19 05. 1500 ArunacM Pradesh 62 111/18 alongside 3005/1430 too* Challen 07N 94 P05 alongside 19 05,'2100 Batam Bahagia 05. 05 94 12 alongside 20 05 2300 Sanpltn
        504 words
      • Article
        CONTAINER SCHEDULES
        1520 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From AC* Daisy 052B 20/2000 1A 19/1500 19,1659 19/1900 IB 19/1500 19/1659 19/1900 2A 19/1700 20/0659 20/0900 ACX Rose 053A 21/1500 IB
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      THE SHIPPING GUIDE
      10996 38 This is a list ol ships loading at Singapore for ports around the world. It tabulates, by destination, the name ot 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
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      Lock icon One step forward, two steps back
      990 46 While Belgium has managed to save its only big shipbuilder from total collapse, a small yard has gone under. and its only big shiprepair company in Antwerp has become bankrupt again Fairplay Bi-LGIUM's shiprepair and shipbuilding industry is still in crisis. The crisis at
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    • Article
      DAILY FREIGHTS
      1196 46 ATLANTIC capesize rates climbed in an essentiallyslow market on Wednesday, brokers said. Daiichi paid 513.10 for a 150,000-tonne coal cargo from the Hampton Roads and Richards Bay to Kashima, Japan for Jly 1-10 shipment. "K" last paid around 512.50 last week for an end May, 140,000-tonne cargo on
      1,196 words
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        Lock icon Eastern prepares to fly again in US as no-frills carrier
        545 48 Reuter LAS VEGAS Eastern Airlines, which suspended operations more than two years ago, will re-emerge as a new "Eastern Airlines" under a plan developed by its trustee and outside consultants, the trustee for Eastern said. "We have developed a viable
        Reuter  -  545 words
      • Article
        Lock icon Output of 8 M'sian car assemblers up 30pc
        187 48 MBT KUALA LUMPUR Production by Malaysia's eight non-Proton motor vehicles assemblers totalled 22,419 units in January-April this year, 30 per cent more units than output in the same period of 1993. According to latest statistics provided by the Malaysian Motor Vehicle Assemblers
        MBT  -  187 words
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        Lock icon The patience of Job
        48 48 Reuter MOSCOW Russian passengers wait patiently for their flights at Moscow's domestic Domodedovo airport on Wednesday. Russian airline pilots called for a strike starting on Wednesday, demanding better safety conditions and more social security, but little disruption was reported in the flight schedules. Reuter
        Reuter  -  48 words
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        S'pore car agency wins Cambodian govt order
        304 48  -  By Alec Almazan SINGAPORE A locally owned company has become the first car distributor to win an order from the Cambodian government. Supreme Motor Agencies, which set up shop in the capital Phnom Penh last year, will supply 20 Korean-built Daewoo Racer GTI
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          Lock icon HK airport briefly disrupted
          94 48 Reuter HONGKONG Hongkong air traffic was disrupted briefly yesterday after a Philippine Airlines plane burst five tyres on landing. None of the 341 passengers on board Philippine Airlines tlight 300 was injured, a government spokeswoman said. "As it touched down at 9.53 a.m. (0153 gmt) five
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          Lock icon Alcatel unit wins US$37m contract
          85 48 AFP HONGKONG French firm Alcatel Alsthom said Wednesday its subsidiary Alcatel Submarcom has been awarded a contract worth USS37 million (5557.3 million) to supply the first submarine optical fibre communications system linking China and South Korea. The 600-kilometre submarine optical fibre communication link between Qingdao
          AFP  -  85 words
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          Lock icon Chinese firm in talks with Toyota
          90 48 Reuter NEW YORK Brilliance China Automotive Holdings Ltd on Wednesday said the company and its Shenyang Automotive unit are currently negotiating with Toyota Motor Corp of Japan to establish a joint venture. Details of the scope of the venture were not disclosed. Brilliance China
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          Lock icon Northwest matching TWA fare sale
          71 48 Reuter CHICAGO Northwest Airlines Corp is matching summer sale fares offered by Trans World Airlines (TWA), a spokesman said on Wednesday. "We're matching them in markets where we compete," he said, adding terms are the same as TWA's. TWA said it is cutting by as
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        I AIRCRAFT ARRIVALS AND DEPARTURES
        1785 48 City Flight ETA flight ETP Oft FMglit TO Flight ETD_ Abu Dhabi GA976 0010 EK78 2125 SQ418 1300 GA928 2140 SU560 2150 GA970 2155 BI95 2245 Adelaide QF8I 1925 QF82 2055 Frankfurt SQ25 0645 GA970 2155 SQ227 2230 LH772 1555 SQ326 2230 Amsterdam KL837 1450
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        Lock icon Ansett New Zealand expects better results
        219 48 AFP WELLINGTON Ansett Airline's New Zealand subsidiary is forecasting a big improvement on last year's loss but acting chief executive John Sheridan would not say if the company was now making money. Ansett New Zealand competes against Air New Zealand on the main domestic
        AFP  -  219 words
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      48 29 (J INTER Container Lashing Equipment IMC INTERMARINE Supply Co (Re) Ltd Exclusive AgenC /Distributor: KM I ntermarine Supply Co (Pto) Ltd JHI No 7 Bukit Batok St 22. $2365. Tei; *****0T Fu: *****11 Crisis in Belgium's shipbuilding industry, Pg 18 •Eastern Airlines set to fly again, Back page
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      28 29 /S?s^s. Line* and services represented by y. Members el the Registry el Accredited/Jflf/Sll*] Stripping Agents, Singapore National Shipping Association. N^jTy fa advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      41 29 THE s>on t Q I mmjaxkj \mmmB4mb ■iMIIIJI* 224 1833 I Kor more information please refer to Pg. 13 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. r¥l Business Times WE KNOW ASIA
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      412 30 OTSKUNE AGENCIES (S) PTE. LTD. r I 1 "WT wmjyi Tel: 226-3363 J. JJJNJtL Fax: 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPORTS TO HONGKOHfi. MANHA. TAIWAN t JAPAN "TWICE WEEKLY" 1 m ««i| a> wawn M"» PAC ARROW 0248 1«.05 *20.05 20.05 24.05
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      1642 30 MMCT TO U»« WI»T COAtT IKX-tKMI CAUOIWIA ICTMM) I TO EAST MKHTMHAWAH (fVU jCTVHfrI <CTI STOW LI fIU K» g A DAL HOMTai CMC Iff MFnco KSSEI VOY NO STOM DAMETTA WHEW* BTKWl 7 ALEXAMIMA* IZMf PI JAM* BEWT* LATT4MA* MRS* IBM CALIFORMA MERCURY V6l ***** lit 136 15 6
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      2344 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES £c??'Vi™"TR*A? 03 *****42 TEL: *****13 FAX: *****42 EeLlwrrpf ftJfli flx fiPMI, TF WflOfi DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) 4 tfw *****6 H BOOKINGS TEL: *****80 *****81/ *****82 „2^ cf3 t,.x .nowd CUSTOMER SVC TEL: *****92/*****91/*****93 E££i KEPPEL DISTRIPARK BLK 513 #01-128 JOHOR BAHRU
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      2354 31 mamzmssM MAERSK LINE'S VERY OWN SERVICE TO EAST COAST OF SOUTH AMERICA MAREN MAERSK V.9406 ETA SIN 24TH MAY 94 ANDERS MAERSK V.9408 ETA SIN 25TH MAY 94 Vessel Voy ETA ETO Feedered by h~^ s r:r:;, destinations !Ns oeek MAREN MAERSK V 9406 24 06 MOO HRS ■■■BIIMtfBIIItHIHMMIMBHHHMMiMfIBIHIIMIHi CfS
      2,354 words
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      1765 32 AOARA H DAM IT ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H'BURG A'WFRP HAVRE WEST MALAYSIA LUOWIGSHAFEN EXPRESS 13/319 215 30/5 6 6 8/6 11/6 13/6 15/6 Po Kelang. Penang FRANKFURT EXPRESS 73/ 120 25/5 11/6 14/6 '2/6 PaSir Gudang lEVFRKUSFN EXPRESS '8/320 28/5 6/6
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      678 32 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi Islamqala (Doqharun) C.1.5./RUSSIA: Voitochny, Vladivostok. Moscow, I Baku, Tashkent, Irkutsk. Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Asia V.2154 24/5 29/6 Ned Oceania V.2164
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      1396 32 I NORASIA NORASIA SUSAN 9420 3 27/05 17/06 20/06 21/06 22/06 23/06 24/06 25 06 2C/M 26/06 I NORASIA SINGA 9421-3 01/06 22/06 25/06 26/06 2 7/06 28/06 29/06 30/06 01/07 01/07 I NORASIA SHARIAH 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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      1815 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line EiflAyaßaHfeMiyiilKliMiiliiiilAMdAMlUUHl CtP@( (A SERVICE OF CHINA NAVIGATION CO) S CARGO DU SAHS STRAITS PRCE VOtt Muni. Lab 19 20 May 22 Mar 23 Ma» FCI, LCL CONTAINER ANO
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      1820 33 SINGAPORE AGENT: IJX7II I P&O Containers (Singapore Agencies) Pte Ltd iSgk x '0 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 V *> CR Number: **********0Z EXPORT IMPORT VESSEL VOV "PNG "PKG SM SOU ANT ROT HAM GOT BRE
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      8 33 HO CHI MINH TEL: *****26 FAX: *****27 LENNON
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      35 33 VESSEL ETA ETO DESTINATION SONG TIEN 03 21/06 25/05 HO CHI MINH NHUT TAO 20/05 30/09 HO CM MINH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 22S 1511 FAX: 225 0633 TLX: R*****1 VIETHK
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      479 34 AIW EKA JAYA AGENCIES >a|§r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE r~HO CHI MINH CITY PAGER HANDPHONE/DIRECT HtNWY MOt *****24 -MkXltLQlAti *****25 MH7K/W2H MANOJ 21»0«2S *****22 ►TO VIETNAM/HCMC K CONTAINER-FEEDER SERVICE .fmw 1 CENTER-POINT M 7 LINES KSStI <01 ETA S rout VOY ETA HCMC ctMQTO
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      2153 34 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI SIN I LINE HAUL St* YVR POX IDS VSI SIN I LINE HAUL SAV lIM NYC EUROPEAN SENATOR 001E 20 5 WRECT 10 6 11/6 EUROPEAN SENATOR 001E 20 5 H KOBE 050t 23/6
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      1492 34 -J-TrlT33T^ I mi sgp use me me rus mi o» ng* sw iro ui c« bai ntc im anw rati it* wg pso cm m scp I GINKS AE 052 31 5 IS 8 4 16 10 6 H<6 14/4 lit 16/6 17/6 116 29/ i 12/7 14/7 15/7 25/7
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      2626 35 sex: 'CALIFORNIA MERCURY 61E' eta sgp 25/05/94 II II I ARRIVING LOS ANGELES 11/06/94 IN 16 DAYS HI I] I AEX NEPTUNE RHODONITE 15E' ETA SGP 25/05/94 ll II f ARRIVING NEW YORK 18/06/94 IN 23 DAYS HI f*PORT TO; P9W/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO; OSWC US OULF MIDWEST
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      1229 35 A MULTILINE SHIPPING PTE LTD (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 Z==\ BOOKINGS: *****64, *****51, *****31, *****13 > BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ifrv ,1k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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      1605 36 44 ft AS AGENTS "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0 M GST REG NO M 2 *****99 6) TEL: *****77 TELEX KAWAKI R*****5 FAX *****16/7/8/9 W MALAYSIA LINE MARITIME (MALAYSIA) SDN BHD m m *J TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA:
      1,605 words
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      786 36 @APPENSHIP (Q\ HAMBURG vTvy CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE LOADING FOR PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 NOVIGRAD ANTW 20/05 SPORE 27/06 ECUADOR BIL 22/05 SPORE 29/06 KOALA CONTAINER LINE SPORE FIX HAM RTM LEH BALANDRA 4606 02/06 27/06
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      Page 36 Advertisements Column 3
      433 36 GOLDEN LINE guan guan shipping (PTE) LTD T 23. Teto* *r« Street S«G*M« 0104 IB 5J439M (10 LMES) Fai *****04 (CD No 101»*****0N) »TRAIT»/>EMIAH GULF SERVICE Spore P Kelang Penang GOLDEN SIM Karachi DuOa. Ku«a>t 25/26 May GOLDEN HM Kaiach Dj6* Hu»#t 4/f lune CHINA SERVICE GOIKN WONWR China Potts
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      1001 37 PACIFIC INTERNATIONAL LINES (PTE) LTD I SsSSSsS 140 Cecil Street< P,L Building, Singapore 0106. I CR NO: 100a*****00E J > K^MdudHEnSEBEEEIEBEBSBBBi VESSEL VOY SIN BKK SIN f VESSEL VOY SIN JKT SIN KOTA SABAS SB2IN 22/5 2S/5 29/5 KOTA PANJANG PJI6W 23/5 26/5 31/5 K. BUANA (BMT/LCH) BUO2N 24/5 27/5
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      986 37 VtSStIS VOY SM U MAVW HMBURG I HAMS ROTKNDAM ANTWERP ~~J MUE OAQUiA AO3W 20/05 11/06 13/06 14/06 15/06 17/06 Milt D'HYMA HO3* 24/05 15/06 17/06 l«/ 06 19/06 21/06 Will 01 LYRA YO3W 30 '04 21/06 23/06 24/06 25/06 27/06 VUtt 01 VtGA CO3W 30/06 02/07 03/07 04/07 06/07
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      Page 37 Advertisements Column 3
      825 37 I i BSA x MYANMA iSBBk five star line (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdf MERGUI VI23W SU PAGAN V2O9W In Port MTOMAYMIA *152W 23/25 May HP* AN V2O2W 2S/30 Mj, MALAYSIA AGENTS BOUSTEAD SHPPMG AGENCES KU. TEL 03 *****00 PKI TEL 03 *****67 PEN:
      825 words
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      1127 40 VESSEL VOY JAKARTA SPORE BANGKOK MANILA GUAM SATAN KYOWA ROSE 93 MAY 30 AJN 3 HJN 10 AJN 23 AJN 25 OCEANIA EXPRESS 96 AM 14 NJN U MM 24 JUL I JUL 10 (REEFER CONTAINER AVAR.ABIE) I VESSEL VOY ETA SPORE GUAM (T/S) MOTHER VESSEL GUAM PONAPE KOSRAE MAHJRO
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      174 40 /&NORBUI-k\ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES FOR I ADAMASTOS Siied Sated FLU/ANT/NAN/UK I WORLD AGAMEMNON 10/6 15/6 ROM/ANT/UK 1 I NORBULK TBN 24/6 28/6 DBN/CPT/EL I ALSO LOADS TAWAU, KK, TG. MANI J PK SWK/SABAH LOADING FOR NORBULK Plfft 15/6
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      785 41 (fc 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 22/5 NEW YORK/EC 21/5 FREMANTLE ADELAIDE 21/5 VANCOUVER
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      1057 41 Hi m ■^emm 1 1 I^bhhesxqs^m^HH v wfcSSfcL. VO Y SIN JK T r n ISRA bhum sis Fn m p»~ Tua 2 VOY 1 w w l^B ■Ij VESSEL VOY SIM BKK BHATRA BHUM 308 Sat 21/5 Tu« 24/5 i irnt* 45,1 21/5 B|j VIRA BHUM 19N Fri lln
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      288 41 IS RICHFIELD MARINE AGENCIES (S) PTE LTD m 1 TEL: *****33 (12 Lines) S FAX: *****15/*****03 HJ TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ffi ETHIOPIAN SNIPPM6 LINES j (National Lints of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VaaMl Voy ETA Loading For Sport Abb ay Wonz 40 WB
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      578 41 (pftp)Polnt-to-Polnt Regional Pte Ltd" Yjfjr TEL: *****55 FAX: *****94 CR NO: **********0 C Cuarant—d Sailing* to:BANGKOK/LAEM CHABANG/LAO EVERY RED I SAT MANIA/CEBU EVERY TUES PORT KELANC/PENANC EVERY MOW I FRT~ mem mm every fri HONG KONG EVERY FRI JAKARTA EVERY SAT BUSAN EVERY SUN SURABAYA EVERY SUM Other Porta: USA.
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      1824 42 ILABMN CONTAINER LINES, INC ~IWV~H A 9« n t»: MAC-NELS SPORE: *****22 (24 LINEB) *wJv/ N C/R No: **********0 C SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN
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      216 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD lift lift Elft SPOftf POUT HUANG PfNANG BlUt MUX 7/1 loading 'oi Mjk RUVftl HUOHU 2 6 Uadirg lor Colombo DOIPHN 10(6 loading Fof Male PlO*!* SUPWMt 10 6 loading For Malt UMMEDH 16 loading foi Mal« PROGMSS IHRIT 12 6 5/6
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      1093 42 £> THONG SOON UNES PTE LTD I 78 SHENTON WAY #1001. SINGAPORE 0207 I I V/ \y TEL: 227-5088 FAX: 227-6011 I iffl W TLX: RS ***** CARRIER RS JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY is PORE PEST VESSEL VOT Is PQR[ IpEST I EQUATOR 111 122/4E
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      633 43 ORIENT LINE" JAPAN/BAY Of BENGAL/JAPAN SERVICE ACCEPTING BOEAXBU.K SOC CA*GO€S TO/FROM KOBE. YOKOHAMA NAGOYA. MO A TOKYO*. MANM" OAVAO*. Penan|* P. Kelang Singapore E Msia* KARABKVERETT VI7E 28/28 May IVYEVERETT V9E 16/17 Jun 18/19 lun KAMALEVERETT V2IE 30 Jun/01 Jul 02/03 Jul ACCEPTING MEAKHJM/FCI/SOC CARGOES TO/FROM CMTTAGONG, CALCUTTA AM) MONGLA*.
      633 words
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      243 43 6LORY NAVIGATION CROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 24/5 1/6 7/6 16/6 GLORY SELATAN V 9/6 12/6 15/6 SP PKL HCM HK KAO GLORY SELATAN VI 27/5 1/6 5/6 ACCEPTING
      243 words
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      527 43 jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE VESSEL VOY SW KMUCH HTOOjggP 129HW 2t 05 07 06 SARGOOHA 143 HW 09 06 20 06 ISLAMABAO 122 HW 23 06 0? 07 MAKRAN 149HW 03/07 13/07 FAR EAST CONTAINER SERVICE ONLY VtSStL SIN HUG BSN OSA WAG TO* MAKRAN
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      642 43 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS SHUN HE/103 26/ OS 09/06 10/06 12/06 27/06 TAO HE/84 11/06 24/06 25/06 27/0« 12/07 JIAN HE/84 26/06 09/07 10/07 12/07 27/07 HUIHE/106 11/07 25/07 26/07 28/07 12 08 VI HE/100 26/07 09/08 10/08
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      345 43 SIN FAR EAST 24/05 KEELUNG/KAOHSIUNG 25/05 BANGKOK 22/05 MANILA/CEBU 22/05 JAKARTA/BELAWAN/SURABAYA 22/05 PORT KELANG/PENANG/E. MALAYSIA 22/05 BUSAN 22/05 TOKYO/YOKO/KOBENGO/OSA 22/05 HONG KONG SIN CHINA 22/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 24/05 LDN/FLX/LVP/SOU 24/05 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romama/Poland/Bulgaria/Czech. SIN USA/CANADA 22/05 LOS ANGELES/NEW
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      750 44 PHILI-ORKNT LINGS PT€ LTD V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0HJ A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 28 MAY SYDNEY. MELBOURNE, BRISBANE. FREMANTLE 29 MAY AUCKLAND.
      750 words
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      304 44 y Conform 'W CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 29 MAY (Accepting to all N«w Zealand porta) PENANG 26 MAY JAKARTA 29 MAY PORT KLANG 27 MAY BANGKOK 29 MAY MANILA 29 MAY MELBOURNE 28 MAY SYDNEY 28 MAY BRISBANE 27 MAY ADELAIDE 26 MAY FREMANTLE 08 JUNE GOTHENBURG 28
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      Page 44 Advertisements Column 3
      437 44 Next Week's Sailings Singapore I I lo! KID TTd IN Singapore Singapore ISO 9002 B\ i.rqa KVKRY EVERY Bangkok SUN Jakarta SUN EVERY EVERY Manila SUN Ho Chi Minh FRI (7 pj S] EVERY EVERY \S< Colombo TUE l.imassol THUR T 1| INTERNATIONAL SEA FREIGHT FORWARDING WM Tel: Fax: AND
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      1615 45 ISEAMA^RGENTIN^IN^^^n CONTAINERISED "HUB" SERVICE fACt I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I WESTBOUND BASE PORTS VIA BUENOS AIRES VIA SANTOS VfSSELS VOY S'PORE B.AIRES SANTOS USHUAIA M'VIOCO ASUNCION R.OE JANEIRO PARANAQUA FRANCISCA SCHUITE W1 07/06 07/07 11/07 03/07 09/07 10/07 14/07 15/07 SEAMAR TBN W1 08/07 07/08 11/08 03/08 09/08
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      Page 45 Advertisements Column 2
      396 45 tffjjs CEYLON SHIPPING CORPN (sip*) National Line of Sri Lanka CONT.XIM.RISED SfcRVKt TO IK \ND NORIH (OMIMNTAL H<)R IS W«tl *0T SW »0 I tin NOM I TH> I H OWT mi P»QU»* >03W MO6 73 (ft 10 Ot 17 06 13 Ot 14 Ot 1< 0* WILE D HTC*»
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      Page 45 Advertisements Column 3
      543 45 LINE SEMI-CONTAINERISED SERVICE EASI BOUND SCHEDULE N0.37 PO*TS VOY BUENOS Aires MONTEVIDEO DURBAN JAKARTA HAOOVA vessels PETPOOVORETS fit SAJLf D SAILED 11/05 24 30 OS 05/06 09 13 04 15 16 06 PRtOZERSK EBI2 30/04 IQ/OS SAILED 33/05 06 09/06 14/06 23-2S/Q6 OCKABMST EBI3 30/05 08 06 02 06 21
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      Page 46 Advertisements Column 1
      487 46 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA OPTMA 9402N 20/05 (FRI) 25 05 (WED) VIGOUR PACIFIC 9420N 24/05 (TUE) 28/05 (SAT) TWO SAIINGS WEEKLY PERVOMAYSK 9402N 27/05 (FRI) 01/06 (WED) FRIO Y ND TUISD Y OPTIMA 9403N 31/05 (TUE) 04/06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE
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  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      682 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 JR U 1.3 1.5 1.8 2.1 2.3 2.4 2.3 2.1 1.8 14 1.1 09 08 09 1.1 1.4 1.8 2.1
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      Page 47 Advertisements Column 1
      969 47 I A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 |PNA' PKE° PGD° VESSELS VOY SIN RTM ANT° LEH* HAM BftEt FEL 18/05 20/05 21/05 H INNOVATOR 309W 23/05 10/06 11/06 13/06 11/06 11/06 14/06 25/05 27/05 28/05 H. EXPLORER 31IV* 30/05 17/06 19/06 20/06 19/06 19/06
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      Page 47 Advertisements Column 2
      509 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS vissu iifi SF fii kite u MUtt SM VIS 29 S M S Mt J 6 COSMIC CHIIimCCI) V 33 17 1 CHtMPtON TUMI V3J 31 S MMHCI MOON VS2 7/1 l/l 11/ l MUt 13 I SOWtl (27
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      Page 47 Advertisements Column 3
      960 47 JEDD AH/UK/CONTINENT S PORE KD S lON H'BURG R OAM LEH Abo Acctphni Can For LUDMnGSMATEN EXPRESS 13/315 21/5 30/5 t t 11/6 13/6 15/6 Souttunvton :loil UK dntautnn. Belfast jnd DuMn FRANKFURT EIPRESS 73/120 25/5 11/6 14 6 16/6 Rotterdam to >4 Antwerp Aimterdm. Oslo Hehrt, LEVCRRUSEN EXPRESS lt/320
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      Page 48 Advertisements Column 1
      42 48 I INVESTMENT I |Halon Bank EE We buy surplus Halon 1301/1211 Fire Extinguishers. Save the ozone by calling us at EE 542 9722 1 EE W.H. Brennan Co. Pte. Ltd. ee EE 47 Loyang Way, Singapore 1750 EE Ask for Karen Tan
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      Page 48 Advertisements Column 2
      203 48 @%_-];__<|]''?|=.*=.@<+-//$=_>- LQI MARINE /"\CC CIGNA International a IjV/UU leading global marine insurer is k Tmn w expanding its global marine loss control I II I I# 111 group to Southeast Asia We view the provision of Cargo Loss Control Services and associated risk A¥' ¥CTP mana B ement advice to
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