The Business Times, 27 May 1994

Microfilm: NL19381
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA( P) 010/12/93 Friday Mav 27 1994 75*
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow down 2.77 points
      54 1 Reuter NEW YORK Blue-chip stocks were lower in subdued trading yesterday. In the broad market, at Ipm EDT, advancing issues led declines 10-8 on volume of 150 million shares on the New York Stock Exchange. The Dow Jones industrial average was down 2.77 points at 3,752.53
      Reuter  -  54 words
    • Article
      Lock icon Tata Iron & Steel profit up 42pc to US$60m
      45 1 Tata Iron Steel profit up 42pc to US$60m AFP NEW DELHI India's top private steel manufacturer Tata Iron and Steel yesterday announced a 42 per cent rise in net profit to US$6O million (Ss92 million) for the 1993-94 financial year which ended in March. AFP
      AFP  -  45 words
  • Article
    MARKET SUMMARY
    161 1 Stock market indices Thursday Change STII 2,315.2 +12.34 KLSEComp 997.05 +9.79 Nikkei 20,489.36 -173.99 Hang Seng 9,481.71 -39.66 SET Index 1,356.02 +7.22 Jakarta Comp 502.60 +0.6 CLSA China B ....1,054.24 +13.59 Aust All Ord 2,096.9 -9 FTSE 100 3,019.7 -1 Thursday Previous 2pm close Dow Jones 3,752.53 3,755.30
    161 words
  • Article, Illustration
    Lock icon Sing $ hits new high against greenback
    130 1 Sing hits new high against greenback AFP, Reuter. MBT SINGAPORE The Singapore dollar yesterday strengthened against the US dollar to a new high of 1.5330, bankers said. Dealers noted that 551.5335 was the previous high achieved in New York last week. "Singapore's currency has always been quite strong but it
    AFP,; Reuter.; MBT; Source: TeleTrac  -  130 words
  • Article
    Lock icon Clinton ready to renew China's MFN status, says official
    578 1 AP, Reuter WASHINGTON President Bill Clinton is ready to extend trade privileges for China once again and is considering no longer making renewal subject to human rights improvements. A senior administration official said on Wednesday that Mr Clinton was questioning whether
    AP,; Reuter  -  578 words
  • Article, Illustration
    Lock icon Court stays moves against Alan Yeo for time being
    379 1  -  By Genevieve Cua SINGAPORE The court hearing to decide on Veo Hiap Seng Ltd chairman Alan Yeo's application for an injunction to prevent his rival relatives from ousting him ended yesterday in a victory of sorts for Mr Veo. Mr Yeo
    Source: Bridge Info  -  379 words
  • Article
    Acma wins controlling stake in US hi-tech firm Paradigm
    488 1  -  By R Sivanithy SINGAPORE Diversified engineering group Acma yesterday announced it had taken a controlling stake in US hitech firm Paradigm Technology for US$5 million (557.65 million) capping a monthlong battle in which a rival firm had valued the whole of
    488 words
  • Article
    Prices slump at HK land auction as market cools
    586 1  -  From Lim Soon Neo in HONGKONG HONGKONG In a sign that the government's declaration of war on speculators is beginning to cool Hongkong's hot real estate market, developers yesterday paid a much-low-er-than-expected HKS2.O4 billion (*****.9 million) for a piece of land
    586 words
  • Article
    Dentsu, Young and Rubicam makes Singapore its HQ
    302 1  -  By Corinne Kerk SINGAPORE Ui a move which signals the growing importance of Asia to the advertising industry. Dentsu. Young and Rubicam (DY&R) has become the first multinational agency to move its head quarters here. Until now. the joint venture agency between
    302 words
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      Page 1 Advertisements Column 1
      105 1 j|' *y-1 Jj uv1 ra h CONTENTS News Companies S pore News 2 S'pore-M'sia 17.19.20 Regional News 3,4.5 Financial 21.22 World News 7.8 Features Markets Analysis 15 Oob/KLSE. SES 26 28 Editorial 14 Regional 24 Sports 9 World 25 IV, Lifestyle 11 Currencies 22 Regional Focus 6 Stmex Commo ..22,23
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      Page 1 Advertisements Column 2
      7 1 Advertising: Pg u Leo Burnett's new venture +!|!-)<_${/+@!'<"$"/:}+*/|~"[(.
      7 words
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      23 1 Hock lx)ck Siew: r K 17 Don 7 hang up on Telekom Malaysia China's Gatt prospects will suffer without MFN: Sutherland, Pg 16
      23 words
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      Page 1 Advertisements Column 4
      49 1 The Bottom Japan needs a stronfrjeader^ r 'J) L 70 wt-;'wjrM* i|k ir^l»ufe B£f ISaMfliff'i?.:al m.m' "^ffJe;/m£dii*&SEfvi l A i Vj-' < n; fr ,JHK||ii Krmeiiegikk) Zegna A Imhrapc Market in* Huuiiqur: liwa Atria. *02-21 la 23 Sin«tpar« 0923. Tel: 732 8959 W Cornfr: Sroll.. 1.r%,l 3. Tel: 735 0539
      49 words
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      Page 1 Advertisements Column 5
      41 1 depuis 1921 m •02-08 Dei' Orchard j[[ fl GERo (Tel: *****13) W > 1 M ft made in France ft Petite Fines *02-36. Centrepomt *****68) TakashimayaDept Store Galenes Lafayene Singapore and selected retail outlets A perfectl> sensible change of address, Pg 12
      41 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Forecast of 9pc growth in 2nd quarter
        328 2  -  By Anna Teo GROSS domestic product growth in the second quarter will be slower but still u strong 9 per cent, broking house Vickers Dallas has forecast. Ihe momentum will, however, slow further during the third and fourth quarters to about 7 per
        Source: Dept of Statistics/Vickers Ballas  -  328 words
    • Article
      Don't play into hands of Western protectionists, Cheow Tong urges Asia
      297 2 ASIAN countries should not play into the hands of protectionists in the West by engaging in the same protectionist game, said Trade Industry Minister Yeo Cheow Tong yesterday. They must stand firm against the "ingenious pleadings" of domestic industry
      297 words
    • Article
      Dynasty to reopen as Marriott Hotel next year after $30m refit
      548 2  -  By A J Leow THE landmark Dynasty Hotel will undergo a $30 million interior renovation before opening early next year as the Singapore Marriott Hotel, whieh will aim for an increased mix of corporate travellers. Officials of the new
      548 words
    • Article, Illustration
      Rare pictures of Senior Minister in new book
      216 2  -  -By Arthur Lee THE FIRST pictorial biography of Senior Minister Lee Kuan Yew, 70. will be launched next Friday. The date was chosen to commemorate Singapore's first constitution, which came into effect officially on June 3. 35 years ago. The 312-page book,
      216 words
    • Article, Illustration
      China firm in S'pore venture to promote exhibitions, trade
      200 2 CHINA International Exhibition Corp. a company under the China Council for the Promotion of International Trade, has set up in Singapore. Subsidiary CI EC Exhibition has tied up a joint venture with Singapore Tunas, which is owned by Indonesian entrepreneur Tong
      200 words
    • Article
      Aussie developer to sell Sydney homes here
      163 2 AUSTRALIAN property developer Mirvac, in which New Zealand-based Bricrlcy Investments is a major shareholder, will launch the sale of two Sydney residential projects in Singapore this weekend. On offer will be 50 units in two developments Seapoint and Innisbrook. in Sydney's eastern suburbs.
      163 words
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      Page 2 Advertisements Column 1
      526 2 n OMEGA The sign of excellence. F4STADS $700 fIWfIWW per column cm. Rate subject to GST. (Minimum 3cm x lcol.) Unibank The Unibank Group Balance Sheet The Unibank Group as at 31 December Profit and Loss Aeeount 1993 1992 1993 1992 (DKK 000) (Dkk 000) (Dkk 000) (Dkk *000) Asarto
      526 words
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      45 2 Hungarian State Opera in Mozart's Don Giovanni Ili it ilwflttKtilkili Hi M Booking forms available at of power, seduction, revenge Victoria Concert llall Box Office. and retribution, and Mozart's best loved arias. /'resented by Singapore Symphonia Co in conjunction with the Singapore Festival of Arts
      45 words
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      Page 2 Advertisements Column 3
      5 2 Appointment Ads An Effective Contributor
      5 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Suharto orders overhaul of Indonesian banking system
      322 3 AFP, Reuter JAKARTA President Suharto yesterday ordered Indonesia's bank officials, under siege over a multi-million credit scandal, to overhaul the country's banking system to stem crippling bad loans. Urging the country's banking sector to settle the bad debts which have been plaguing it,
      AFP,; Reuter  -  322 words
    • Article
      Ekran names 3 firms to design Sarawak dam
      295 3  -  From Ho Kay Tat in KUALA LUMPUR EKRAN Bhd yesterday named two German firms and an American company to undertake the design of its Msls billion (Ss9 billion) Bakun hydro-electric dam in Sarawak state and the transmission of power from the dam.
      295 words
    • Article
      Lock icon Smuggling, corruption holding up Viet development
      227 3 Reuter HANOI Vietnam's economic and foreign relations are expanding well but smuggling, corruption and refusal of local officials to implement Hanoi's decisions are holding up development. the government said yesterday. In a state of the nation speech opening a new session of parliament, the
      Reuter  -  227 words
    • Article, Illustration
      Lock icon Viet leader greeted by protests in US
      55 3 Reuter SAN FRANCISCO Hundreds of demonstrators, waving Ameriean and South Vietnamese flags, protesting against the visit of Vietnamese Deputy Prime Minister I ran Due Luong here on Wednesday. Mr Luong is taking part in a seminar organised by the Wall Street Journal discussing
      Reuter  -  55 words
    • ASIA NOTES
      • Article
        Lock icon Vietnam, US to open offices in capitals
        84 3 AFP HANOI Vietnam and the United States have taken their first step towards resuming relations by exchanging agreements to open offices in their eapitals 19 years after Washington pulled its diplomats out of Saigon as the city fell to communist forces. US Assistant
        AFP  -  84 words
      • Article
        Lock icon Kalimantan ends Davao cooperation
        76 3 AFP JAKAR IA Indonesia's Fast Kalimantan province has pulled out ot a cooperation scheme with Davao. Philippines, to protest a conference on East 1 imor in Manila next week, according to a news agency report here yesterday. The official Antara news agency reported Fast Kalimantan Governor
        AFP  -  76 words
      • Article
        Lock icon ADB's doubling of capital goes ahead
        94 3 Reuter MANILA I he Asian Development Bank (ADB) yesterday said its governing board agreed forniallv to a controversial doubling of the regional bank's capital base. ADB president Mitsuo Sato said he was "pleased and encouraged" by the decision, which will allow the Manila-based institution
        Reuter  -  94 words
      • Article
        Lock icon US ambassadors to promote Asean
        93 3 AFP KUALA LUMPUR Washington's ambassadors to South-east Asia's booming economics arc to launch their third promotion of the region in the US next month to expand trade and investment, a US diplomat said yesterday. The 17-day "Ambassadors' Tour" beginning on June 8 involving envoys from
        AFP  -  93 words
    • Article
      Lock icon Petronas seeks new partner for second M'sian refinery
      164 3 AFP KUALA LUMPUR National oil firm Petronas is scouting for a new partner among US. British and Japanese companies to set up Malaysia's long-delayed second crude refinery, officials said yesterday. The proposed MS4 billion (552.6 billion) sour crude refinery, with facilities for
      AFP  -  164 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      180 3 BHH fMwjmmim HSfSTfTfiSPRRIS T 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'll always be channels. In addition, Qantas First uncensored. And all to be viewed at Avion
      180 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Beijing launches top-level drive against financial fraud
      322 4 AFP BEIJING China has launched a high-profile campaign against financial fraud after a spate of embezzlement cases and bank swindles involving large quantities of state funds. During a top-level conference covered on the front pages of all major Chinese newspapers yesterday, VicePremier and
      AFP  -  322 words
    • Article
      Lock icon Taipei's condition for direct China-Taiwan flights
      211 4 UPI TAIPEI Direct air links with China could not be possible until China stopped trying to isolate Taiwan internationally, Cabinet officials said yesterday. Although millions of Taiwan residents visit the mainland each year, direct flights across the Taiwan Strait have been outlawed since civil
      UPI  -  211 words
    • Article, Illustration
      Lock icon Russian PM begins trade trip to China
      381 4 Reuter BEIJING Russian Prime Minister Viktor Chernomyrdin arrived in Beijing yesterday at the invitation of Chinese leaders keen to develop a trade relationship that could soon be worth USSIO billion (5515.4 billion) a year. Mr Chernomyrdin's threeday stay climaxes a month of high-level
      Reuter; AFP  -  381 words
    • Article
      Lock icon Taiwanese investment on mainland slowing down
      245 4 Reuter TAIPEI Taiwanese investment in China is beginning to show signs of slowing down. Taiwan's Investment Commission approved 105 applications for new or additional investments in China worth US$67 million (S$ 102 million) in April, down from 433 applications worth US$l74 million a year
      Reuter  -  245 words
    • CHINA WATCH
      • Article
        Lock icon HK firms pay damages to Disney
        95 4 Bloomberg Business News HONGKONG Walt Disney Co said five Hongkong jewellery companies and a hawker will pay it damages and legal fees for selling goods with counterfeit Disney characters stamped on them. They have agreed not to sell counterfeit Disney merchandise in the future
        Bloomberg Business News  -  95 words
      • Article
        Lock icon Travel agents end China boycott
        90 4 Bloomberg Business News TAIPEI Taiwan travel agencies ended a boycott of group travel to mainland China on Wednesday, the China Post reported. The boycott, launched on May 1 to protest Beijing's handling of an investigation into the killing of 24 Taiwanese tourists in a boat
        Bloomberg Business News  -  90 words
      • Article
        Lock icon Crackdown compensation
        79 4 AP BEIJING Leaders from the Tiananmen Square protests petitioned the government yesterday to free prisoners and compensate the families of people killed when troops and tanks assaulted the square. Seven dissidents and student leaders from the 1989 movement signed the petition, including Wang Dan, who topped a government
        AP  -  79 words
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      171 4 There's always been this kid in you. First you bought the mountain bike. Then you bought the skis. And in short order came the rackets, golf clubs, surf board, and only-your-credit-card-bills-know-vvhat-else. And like any normal child, you want to take all of them everywhere. Easy. Lift the hatch of the
      171 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon SDP urges Hata to resign and make way for new condition
      439 5 Socialists indicate they may be willing to rejoin ruling camp AFP TOKYO A leader of Japan's Social Democratic Party urged Prime Minister Tsutomu Hata yesterday to step down and clear the way for a revamped coalition that could include
      AFP  -  439 words
    • Article
      Lock icon Foreign execs say Tokyo's quality of life poor
      212 5 AFP TOKYO Foreign corporate leaders rate Tokyo at the bottom of leading cities for quality of life and the working environment, according to a survey published yesterday. New York, London and Berlin all rated higher on these counts, according to the poll
      AFP  -  212 words
    • Article, Illustration
      Lock icon Here's to closer ties
      47 5 AFP SEOUL South Korean President Kim Young Sam (right) toasting with Sri Lankan Prime Minister Ranil VY ickremesinghe yesterday. Mr VVickremesinghe arrived in Seoul on Monday for a one-week visit to finalise a science and technology pact and to meet Mr Kim. AFP
      AFP  -  47 words
    • Article
      Lock icon S Korean firms making beeline for China and Hongkong
      385 5 Eastern Express SEOUL South Korean companies have made a big push into China and Hongkong over the past two years, say the publishers of a directory on Korean business. The number of company listings in the Directory of Korean Business in
      Eastern Express  -  385 words
    • Article
      Lock icon Japanese govt calls on companies to hire more women graduates
      307 5 UPI TOKYO The government yesterday urged corporate Japan to recruit more women graduating from college amid announcements by sector after sector of hiring cutbacks and near freezes on the hiring of women. Eijiro Hata, head of the Ministry of International
      UPI  -  307 words
    • Article
      Lock icon Coalition agrees to calling ex-Hosokawa aide to testify
      279 5 KnightRidder TOKYO The ruling coalition yesterday agreed to opposition demands that ex-prime Minister Morihiro Hosokawa's former aide be summoned to the Diet to testify on Mr Hosokawa's controversial financial dealings that forced him to resign last month, the Kyodo news service reported.
      Knight- Ridder  -  279 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      117 5 Roche Racquet Resort is a 3 star resort catering to the leisure and conference markets. The property is situated on the New South Wales coast in the popular holiday region of Port Stephens, within easy vehicle access of the state's two largest cities, Sydney and Newcastle, and only 2 kilometres
      117 words
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      Page 5 Advertisements Column 2
      110 5 hotels Sheraton the ehoiee for business travellers. Take, for example, The Great Wall Sheraton Hotel 55 the centre the commercial and cultural hub of China. .11 u fl|nl^^H|S And now, when you stay at any ITT Sheraton l(3ilb§ t§ bhb on business, we'll make it easy for you to la
      110 words
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  • REGIONAL FOCUS
    • Article, Illustration
      A stout optimism in the face of weakening bottom-lines
      883 6  -  C orporate health of Japanese companies From Ai Anthony Rowley in TOKYO JAPAN'S corporate reporting season is in full swing and the majority of companies have suffered a fourth consecutive term of falling profits in the year to March 31. This
      883 words
    • Article
      Lock icon Japanese flock to Europe as yen rides high
      634 6 Bloomberg Business News PARIS Photography isn't in her job description, but Evelyne Boyer has been taking more than a few snapshots at work recently thanks to the strength of Japan's yen over the last 12 months. Ms Boyer, the manager for the
      Bloomberg Business News  -  634 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      451 6 THE LAUNCH OF THE MEW LECACY PERFORMANCE PROTECTION Some people think the Suharu legacy Equally reassuringmustbethehighgrade became the in Tokyo* steel body because of our successful motor 'be reinforced front and side protection rallying heritage, r beams to form a rigid shell. This robust m> 4^^x.x r f IL/ the
      451 words
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  • THE WORLD
    • Article
      Lock icon Moody's rates Asian countries well, but is negative about West
      423 7 Reuter HONGKONG US creditrating agency Moody's forecasts tough times ahead for Western nations due to falling competitiveness but has given rapidly growing Asian nations good marks. Moody's Investors Service, in a report issued yesterday, rated the credit outlook for 20
      Reuter  -  423 words
    • Article, Illustration
      Lock icon Straight for the horse's mouth
      44 7 AFP MOSCOW A Russian militiaman attaching a gas mask specially designed for a horse during a training session at a militia stable on Tuesday. The mounted militia unit is used for patrolling the city and intervenes during demonstrations. AFP
      AFP  -  44 words
    • WORLD WATCH
      • Article
        Lock icon US jobless claims down again
        59 7 Bloomberg Business News WASHINGTON The number of Americans joining unemployment lines declined for the second consecutive week, the Labour Department said yesterday. Initial weekly unemployment claims decreased 1,000 to 366,000 last week, the lowest level since mid-April. Economists had expected a decrease of 7.000 to
        Bloomberg Business News  -  59 words
      • Article
        Lock icon Italy plans changes to privatisation law
        84 7 Reuter ROME Italy wants to allow small shareholders to be represented on board of directors of newly privatised firms. Treasury Minister Lamberto Dini said yesterday. Such a measure was introduced in the decree for the sale of state insurer Istituto Nazionale per le Assicurazioni
        Reuter  -  84 words
      • Article, Illustration
        Lock icon Lennon's glasses sold for £4,000
        50 7 AFP LONDON A pair of wire-rimmed spectacles, once the property of ex-Beatle John Lennon, who was gunned down in New York in late 1980, were displayed on Wednesday at the auction house of Christie's before going under the hammer for an estimated £4.000 (559.256). AFP
        AFP  -  50 words
      • Article
        Lock icon UK watchdog head hounded by MPs
        105 7 Bloomberg Business News LONDON Members of Parliament representing all parties are calling for the replacement of Joe Palmer as the head of the Personal Investment Authority, a watchdog organisation set up to protect private investors, the Financial limes reported. It is not expected that
        Bloomberg Business News  -  105 words
    • Article
      Moscow may lodge claim for gold taken out of Russia before 1920
      478 7  -  From John Helmer in MOSCOW WHILE Russia and its Western creditors continue to wrestle with the problem of rescheduling the Soviet Union's external debts, the Russian government is considering lodging a formal claim for restitution of at least
      478 words
    • Article
      Lock icon Bonn to focus on deregulation during EU presidency
      391 7 Aim to pursue free-market policies to stimulate growth and jobs Reuter BONN Germany will press for more deregulation and less bureaucracy in the European Union during its six-month presidency of the 12-nation bloc starting July 1. Economics Minister Guenter Rexrodt yesterday said
      Reuter  -  391 words
    • Article
      Lock icon Chancellor fails to win over central bank chief — Labour
      249 7 Chancellor fails to win over central bank chief Labour Reuter LONDON Bank of England Governor Eddie George appears to have little confidence in Chancellor of the Exchequer Kenneth Clarke's anti-inllation strategy, said Labour's economics spokesman Gordon Brown. Mr Brown told a news conference that the minutes of the two policymakers'
      Reuter  -  249 words
    • Article
      Lock icon US House leader opposed to Nafta endorses Gatt ratification
      584 8 Move a sign that Congress will pass the agreement: Kantor AP WASHING I ON HouseMajority leader Richard Gephardt, who opposed the North American Free Trade Agreement, endorsed ratification of the Gatt world trade agreement on Wednesday, saying it will raise America's
      AP  -  584 words
    • Article
      Lock icon China's giant department store opens next week in France
      266 8 AFP ALFORTVILLE, France Europe's biggest Chinese department store will be inaugurated here next week in a bid to revive the fortunes of the Guangdong government's ailing flagship in Europe a hotel, cultural and commercial complex known as Chinagora. The pagodas of
      AFP  -  266 words
    • Article
      Lock icon US securities industry to fight political donations ban
      145 8 Bloomberg Business News WASHINGTON The securities industry will continue to fight a new rule restricting political contributions by Wall Street professionals even though a proposal has been made to relax it, said Marc Lackritz. the Securities Industry Association president. "Absolutely, we oppose
      Bloomberg Business News  -  145 words
    • Article, Illustration
      Lock icon Hats off to the chief
      58 8 Reuter ANNAPOLIS, Maryland President Bill Clinton looking on as 868 midshipmen in the (JS Naval Academy graduating class of 1994 celebrate upon being confirmed during ceremonies at the academy on Wednesday. Mr Clinton, in a commencement address, said the US must be prepared "to Tight
      Reuter  -  58 words
    • Article
      Lock icon Clinton welfare plan to cost US$9b over five years
      257 8 NYT WASHINGTON After months of struggling over how to finance his welfare proposal. President Clinton has decided to spend about US$9.3 billion (5514.3 billion) over five years, administration officials said on Wednesday. About US$7 billion of that will come from cuts
      NYT  -  257 words
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      Page 7 Advertisements Column 1
      869 7 (Incorporated in the Republic of Singapore) FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 March 1994. PROFIT LOSS STATEMENT THE GROUP THE COMPANY 1994 1993 OR 1994 1993 OR $'000
      869 words
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      Page 8 Advertisements Column 1
      413 8 J CHINESE ANTIQUE sSS*N PORCELAIN i-1 4. JADES EXHIBITION CHINESE SCROLLS BY RENOWN ARTISTS J EXQUISITE JADEITE WORKS Tv% By Wang Dehai Top Awards Winner I-J oCHINESE INKSTONES INKSTICKS JlHlVenue Riverwalk Galleria wßy > Exhibition Hall A 3rd Level Jf i vy < |)j 20 Upper Circular Road Tel :532
      413 words
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      Page 8 Advertisements Column 2
      212 8 rjfal* EMI N A R m tpl SL From moments of truth towards the age of paradoxes Winning the Customers Revolution Seminar conducted by: Mr. Jan Carl/on Former C.K.O. and President of Scandinavian Airlines System and author of the best selling management book "Moments of Truth". Venue: The Regent Singapore
      212 words
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  • SPORTS
    • Article, Illustration
      Lock icon Old-timers Pek and Tham take top spot
      1072 9  -  Business Times-Lancome 18th Anniversary Advertising Golf Competition By Shahiron Sahari IT WAS fourth time unlucky for professional golfer Chua Guan Soon but umpteenth time lucky for winners Frankie Pek and Robert Tham at the Business Times-Lancome 18th Anniversary Advertising Golf Competition at the
      Picture by Arthur Lee  -  1,072 words
    • Article
      Lock icon In defeat, Agassi still wows the crowd
      802 9 French Open Chang advances to third round, but Stich falters Reuter PARIS Somehow, with a vintage blend of celebrity charisma and good old-fashioned elbow grease, Andre Agassi transformed the French Open's new stadium court into a Hollywood extravaganza instead of a straightlaced Grand
      Reuter  -  802 words
    • Article, Illustration
      Rios gives Sampras a hard time
      291 9  -  From Michael Karem in PARIS HIS name is Marcelo Rios and you better remember it. He is 18 and comes from Santiago, Chile. He is ranked 283 rd in the world and just joined the ATP senior tour after winning the US Junior Open
      291 words
    • SIDE LINES
      • Article
        Lock icon Valderrama is Ryder Cup venue
        124 9 AFP WENTWORTH, England The 1997 Ryder Cup is to be staged at Valderrama. the club at the centre of inducement allegations b> Severiano Ballesteros. The Costa del Sol course was. as expected chosen as the first club outside Britain to host the match against America
        AFP  -  124 words
      • Article
        Lock icon Mansell stays with IndyCar
        119 9 AFP LONDON Nigel Mansell has pledged his immediate future tc IndyCar racing, dashing speculation that he is about to return to the Williams-Renault Formula One team to replace the late Ayrton Senna. The current IndyCar champion said: "There art no specific talks at the moment about
        AFP  -  119 words
      • Article
        Lock icon England Anally wins in S Africa
        117 9 AP POTCHEFSTROOM, South Africa Tony Underwood scored two tries as England won for the first time on its South African tour, defeating the Western Transvaal provincial side 26-24 on Wednesday. Flyhalf Stuart Barnes contributed 16 points with foui penalties and successful conversions of both
        AP  -  117 words
      • Article
        Lock icon US women basketballers 'underdogs'
        112 9 UPI SYDNEY The No 1-ranked United States women's basketball team have caused a major flutter in Australia by declaring themselves "underdogs" only six days before the start of the World Championships to be held in Australia. US coach Tara van Derveer and triple Olympian Teresa Edwards
        UPI  -  112 words
      • Article
        Lock icon Study on safety for boxers
        89 9 AFP LONDON Leading brain specialists have signed up to help improve safety for fighters in Britain in the aftermath of the death of boxer Bradley Stone. A working party of neurologists and neurosurgeons will study the whole question of head injuries in the ring under
        AFP  -  89 words
    • SCORE CARD
      • Article, Illustration
        Baseball
        72 9 NKW YORK Major League Wednesday American: Milwaukee 3 Baltimore 6; Oakland 0 Seattle I: Detroit 9 California 7; New York 5 Toronto 2; Chicago 12 Minnesota I; Kansas City 8 Texas 3; Cleveland at Boston postponed. National: Honda I Montreal 3; Pittsburgh 3 New York 6; Atlanta 6 Houston
        72 words
      • Article, Illustration
        Basketball
        17 9 NEW YORK NBA Western Conference finals Wednesday: Houston 104 Utah 99 (Houston leads best-of-seven scries 2-0).
        17 words
      • Article, Illustration
        Golf
        46 9 TOKYO Mitsubishi Galant tournament Ist rd yesterday (Japanese unless stated): 68 Chen Tzcming (Tai). Eduardo Hcrrcra (Col) 69 Katsuyoshi Tomori. Ken Kusumoto 70 Masashi Ozaki. Carlos Franco (Par) 71 Tsuncyuki Nakajima, Kazuhiro Takami. Brian Jones (Aust). Kinpachi Yoshimura. Norikazu Kawakami. Also: 83 Samson Gimson (Sin).
        46 words
      • Article, Illustration
        Tennis
        231 9 PARIS French Open Wednesday, selected results Men, 2nd rd: Scrgi Brugucra (Spn) b Christian Ruud (Nor) 6-2 6-2 7-6; Jim Courier (US) b Stcfano Pescosolido (Ita) 7-5 6-0 6-7 6-4; Thomas Muster (Aus) b Andre .Agassi (US) 6-3 6-7 7-5 2-6 7-5; Daniel Vacck (Cze) b Magnus Gustafsson (Swc)
        231 words
      • Article, Illustration
        Ice hockey
        22 9 EAST RUTHERFORD, New Jersey Stanley Cup Eastern Conference finals Wednesday: New Jersey 2 New York 4 (Best-of-seven series tied 3-3)
        22 words
    • Article
      Lock icon Olajuwon blasts Rockets to 104-99 win over Jazz
      305 9 1994 NBA playoffs AP HOUSTON Hakeem Olajuwon had 41 points, 13 rebounds and six assists to lead the Houston Rockets to a 104-99 victory over the Utah Jazz in Game 2 of the Western Conference final on Wednesday night. Before the game,
      AP  -  305 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      734 10 Nothing Beats A OK A good reason to visit Mischief the fun pub: From spm to Bpm daily, beer and house pouring drinks are at only $3.so++each. Mischief is open from 11 am to lam daily JjL (till 2am on Fridays, Saturdays eve of public holidays) For reservations, please call
      734 words
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      Page 10 Advertisements Column 2
      286 10 OUMIIOS 1 llllva, l limn i-wtaj WHERE TO WINE, DINE AND ENTERTAIN To Savour The World f Get A Fresh Start jj^t Our International Buffet at Cafe Plaza is a world *>f culinary delights. Starting with a hed of the freshest Rock Oysters. Followed by a sumptuous spread of everything
      286 words
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      Page 10 Advertisements Column 3
      334 10 ra/~== fancy 'Beijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian %in 'Beijing dumplings, a selection IMf/jC of set menus, and "Beijing specialities D|||(3j such as "Beijing 'Bakjd Tench and HQ* h*?! Marinated Lamb, fancy some nowt
      334 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Rhinestone Cowboy on comeback trail
      787 11  -  Country singer Glen Campbell says he's off alcohol and drugs. Barbara Novovitch reports Barbara Novovitch Reuter GLLN Campbell, the Arkansas good ole boy who ruled the airwaves in the 1960s with hits like Rhinestone Cowboy, Wichita Lineman and Gentle On My Mind, says he's singing
      Reuter  -  787 words
    • Article
      Lock icon Theatre hits the big time, but the best is yet to be
      443 11 Reuter Theatre is booming with box office receipts expected to triple over the next decade to as high as USS3 billion (554.6 billion), the head of a prominent stage production company predicted Wednesday. Garth Drabinsky, president of Live
      Reuter  -  443 words
    • Article, Illustration
      Lock icon Me? President? Absurd, says Hillary
      397 11 CHATTERBOX AP UPI UPI API FIRST Lady Hillary Clinton touched on death, sex and her candidacy for president when she met gossip columnists over tea on Tuesday. She joked about a recent story in The Sew Yorker that suggested she has presidential aspirations. The First
      AP; UPI; API  -  397 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      89 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 <4 Saturday only 6.30pm to 10.30pm Price: Ss26.oo+++ adult) S$ 14.00++ ■>■ child below 12 years i the Qhjmbtth 24 Mount El
      89 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1338 11 TV RADIO I*- Biography: Capone "'ilieaM.Ness, 9pm, SBC to Hollywood, Al 'true' Capone and Ness. Days of Thunder, Bpm, SBC 5 fl| t%.. Best remembered as the movie '^m where Tom Cruise met wife 'if' jM Nieole Kidman, this is other- 'A '-W wise your hasie macho movie Jfr about
      1,338 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      A perfectly sensible change of address
      701 12  -  Dentsu, Young Rubicarrfs chief tells Corinne Kerk why the agency has moved its headquarters to Singapore Corinne Kerk Dentsu, Young Rubicam's move to relocate its headquarters to Singapore, rather than New York and Tokyo where it has always been, makes perfect sense, says president
      701 words
    • COPY LINES
      • Article
        Donald Ee to judge Clio awards
        80 12 SINGAPORE Local ad man Donald Ee has been named a judge for the 1994 Clio awards for creative advertising, from June 6 to 8 in San Francisco. The managing director and executive creative director of BBDO Singapore will be part of a 35-member panel
        80 words
      • Article, Illustration
        UOB picks winners in credit card draw
        78 12 SINGAPORE The "UOB Behind Every Winner" promotion ended recently, with the top prize of a bungalow in Joondalup, Western Australia, and a country club membership going to UOB credit card member SI Leu. The second prize of a Renault Cabriolet went to card
        78 words
      • Article
        Reader's Digest account manager
        73 12 SINGAPORE Reader's Digest has appointed Jack Wong account manager in its Singapore advertising sales department. He was previously business development/sales executive for Times Periodicals, where he was involved in analysing readership profiles and developing proposals and presentations for advertising campaigns. As account manager, Mr Wong will
        73 words
      • Article
        Paradigm gets a new home
        55 12 SINGAPORE Paradigm Public Relations has moved to new premises in North Bridge Centre and has appointed Madhulika Dayal client services director. Formerly news editor of PC Week Asia. Ms Dayal will now be responsible for managing the service operation and developing new public and press
        55 words
      • Article
        Pepsi Challenge goes to Malaysia
        80 12 SINGAPORE The Pepsi Challenge taste test programme, now in its eighth week in Singapore, has just been launched in Malaysia. It kicked off this week on all three Malaysian television stations and will be supported by a five-month booth programme in towns around the country.
        80 words
    • Article, Illustration
      Lock icon IBM and O&M — a unified strategy
      718 13 IBM and O&M a unified strategy The computer giant hopes to set its marketing plan in order with the help ot an ad giant Reuter INTERNATIONAL Business Machines Corp on Tuesday named WPP Group's Ogilvy Mather as its sole advertising agency to carry out a unified global marketing strategy, displacing
      Reuter  -  718 words
    • Article
      Lock icon Raising brand consciousness to new heights
      743 13  -  Stuart Elliot looks at a new venture by Leo Burnett's agency in Britain Stuart Elliot NYT THE LEO Burnett Co is making an unusual foray into consulting, seeking fresh ways to further broaden the services it offers beyond traditional advertising. Burnett's British agency, Leo
      NYT  -  743 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      491 12 A great new plus. The more times you fly the bigger your bonus. (OVER ANI3 ABOVE THE REGULAR MILES YOU EARN!) IMldlldShfel 1 —nil lIT~ ROYAL Thai offers its Royal And the more times you fly, the bigger the Los Angeles in the U.S.A., and more destinations ORCHID Orchid Plus
      491 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      759 13 r a) Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary 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
      759 words
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      Page 13 Advertisements Column 2
      131 13 lis Your Skin Tired Of Your Usual Beauty Regime^ Rlf your skin begins to tire and react less vigorously to its daily beauty care, give it a refreshing pause, Alternance. A unique treatment from Carita that is specially created as a tem|X)rary J IJ substitute for your usual skin care,
      131 words
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  • Article
    Clinton must fight for Gatt
    574 14 EDITORIAL HAVING signed the Gatt treaty last month amid much fanfare and self-con-gratulation, ministers and officials around the world are slumping back into their armchairs, content with their contribution to multilateralism, and turning their attention to regional trade arrangements. So, in effect, said Gatt Director-General
    574 words
  • WHAT THE OTHERS SAY
    • Article
      America as castaway
      186 14 IT IS OBVIOUS that the United States needs to refocus its foreign policy goals. In the late *****, the US decided to move from a policy of containment to one of regional partnership. Under the first policy, it had the primary responsibility for containing the spread of
      186 words
    • Article
      Taking recalcitrants to task
      144 14 STUBBORN drivers can no longer ignore summonses. If they insist, the recent amendment to the Road Traffic Act spells out that they may not get new licences or road tax renewals. It simply means it would be illegal for them to take their vehicles on the
      144 words
    • Article
      Iron out differences amicably
      162 14 IN THE past six months, the US has not been on very good terms with Asia, due to the friction in trade with Japan, the human rights issue with China and the problem of nuclear armament in North Korea. The long-standing security and economic interests between
      162 words
    • Article
      Living within one's means
      156 14 IN AN BRA where economic growth remains anaemic at best, in most developed countries, there is a tendency by sceptics to view the rapid growth of Asian economies as a mere miracle. What is often overlooked is the innovative and sound economic management displayed by these
      156 words
    • Article
      Clinton in a tight spot
      238 14 THE ANNUAL MFN ritual is being acted out again. As the deadline for the renewal of China's Most Favoured Nation status rapidly approaches. President Bill Clinton must be reflecting on the speed with which a campaign promise which once helped him appear a man of
      238 words
    • Article
      Serious problems, but solvable
      151 14 CLEARLY, bilateral relations between India and Pakistan are at one of their historical low points. The immediate cause is Pakistani support for the Kashmiri insurgency, but there are other smaller disputes and each country is subject to internal religious and political pressures that make it harder
      151 words
  • Article, Illustration
    Better times on the cards, but not without pain
    1041 14  -  Salil Sarkar examines the scenario being projected for an economic recovery in the European Union and finds a mixed bag offering little cheer Salil Sarkar The writer, a Paris-based journalist, contributed this article to BT Recovery, low inflation. but more unemployment.
    1,041 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      92 14 French cuisine now has a fresh ingredient; Michel Richard. Michel Richard has created a marriage of French-Californian gastronomy that encompasses classical French technique and style with Californian raw ingredients. Come to Maxim s de Paris at The Regent and enjoy the cuisine that has made Michel Richard the 1994 Chef
      92 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      62 14 BRISTOL IT'S time vou STOPPCD PiNO UC GOT DOWN v&tOOOty' TQN^ 6CR De>3> POONESBURY GARRY TRUDEAU I CANT HOU3/6A uuvnnr eeuzve team do u/b I janet immz£e m ru. W n ijuzttaikepto pwpw budgets? wwi TVE TAKEN HAVE,BOSS? I ATTOMErS—WU, SAY...L ASOUKBATPHUJP *4 &LUON. T^T/i THIS 0N... I ME AND
      62 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Russian phones: the West invests and bells ring
      1239 15  -  Beth Karlin and John Ryan find a rapidly improving telephone system in Russia as US and European companies make a beeline for a lucrative market. And Steve Liesman reports what Western businessmen in Moscow think of the economic decrees signed this week
      Bloomberg Business News  -  1,239 words
    • Article, Illustration
      Lock icon Good laws, but only if they're implemented
      1057 15 NYT IN AN effort to revive Russia's (lagging economy. President Boris Yeltsin signed a series of decrees this week aimed at cutting taxes on foreign and Russian firms, and eliminating restrictions on exports. Western business executives, weary of a series of recent tax
      NYT  -  1,057 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      119 15 The Ocean 2000 Designer Ferdinand A. Porsche The Diver's Watch in Titanium Manufactured by IWC Schaffhausen Developed under contract to the West German Navy Automatic mechanical precision movement sapphire crystal Water resistant to 2000 meters PORSCHE DESIGN by IWC :j' I? PORSCHE DESIGN PORSCHE DESIGN OUTLETS: Asia Watch Centre Pte
      119 words
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  • Article
    Further tightening by Fed likely, says economist
    543 16  -  By Vikram Khanna SINGAPORE The US federal funds rate could rise another 125 basis points over the next nine to 12 months to about 5.5 per cent, according to Neal M Soss, managing director and chief economist of Credit Suisse First Boston (CSFB).
    543 words
  • Article
    Lock icon UK industry expects further growth despite tax hikes
    259 16 Reuter LONDON The Confederation of British Industry (CBI) said last night it expected economic growth in Britain to continue despite big personal tax rises in April. In its quarterly economic survey, the employers' federation forecast gross domestic product growth of 2.4 per
    Reuter  -  259 words
  • Article, Illustration
    Lock icon In fierce protest
    41 16 Reuter TAIPEI Oung Ching-huo, a Taiwanese breeder of tigers, and one of his animals protesting outside the US embassy in Taipei yesterday against US pressure on the island to stamp out the illicit trade in endangered species. Reuter
    Reuter  -  41 words
  • Article
    Lock icon China's Gatt prospects will suffer without MFN: Sutherland
    231 16 AFP Reuter HONGKONG China's prospects for rejoining the General Agreement on Tariffs and Trade would suffer a setback if the United States revokes its most favoured nation (MFN) trading status, Gatt director general Peter Sutherland said yesterday. Mr Sutherland, in Hongkong two
    AFP; Reuter  -  231 words
  • Article
    Lock icon Commodities plunge again but analysts expect rally to resume
    351 16 Reuter LONDON Commodity prices took another battering yesterday, soothing inflation fears and cheering bond markets. but analysts say this may be only a brief respite in a continuing price boom. "We are in a commodity bull market." said Neil Bresolin. executive
    Reuter  -  351 words
  • Article
    Lock icon Bundesbank leaves rates unchanged but markets unmoved
    311 16 Reuter FRANKFURT Germany's central bank left its leading interest rates unchanged yesterday but financial markets had been prepared for the bad news and hardly budged. Hopes for a cut in the Bundesbank's trend-setting discount and Lombard rates, the floor and ceiling for German
    Reuter  -  311 words
  • Article, Illustration
    Japan needs a strong, democratic leader — now
    862 16  - Japan needs a strong, democratic leader now The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is B'T's Tokyo correspondent A VACUUM being something that nature abhors, many have wondered what would fill the political void left in Japan by the disintegration of the monolithic Liberal Democratic Party. The answer
    862 words
  • Article
    Lock icon Japan-US trade talks to resume on Wednesday: report
    183 16 Bloomberg Business News TOKYO Trade talks between the United States and Japan are to resume in Tokyo on June 1 when negotiators from the two nations begin discussions on the insurance industry. Japan's NHK public television news reported. On Thursday, talks focusing
    Bloomberg Business News  -  183 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      45 16 f'flf SINGAPORE KJJALA LUMPUR NGEEANN OOEON TOWERS LB MEN AAA IMC CITY (Opo. RafflM M (Opp Shangri-La Hot*)) (Orchard Road) V Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-339 1676 MRCEINITRE -^■IVTuifa.ol-llll'l'l#-1 i^-idliMllTil 1 IHf OperatoA Business From Home? We give complete support/address/dedicated phone Ca*****5240
      45 words
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      Page 16 Advertisements Column 2
      11 16 co» 737-1166 to place a quick- cat s acting ad. iyi-iim
      11 words
    • Advertisement
      Page 16 Advertisements Column 3
      70 16 MS®. Now Zip gives you —i instant boiling water every minute of the JL JUST TURN ON THE TAP. ZIP OUT- DATES URNS, KETTLES, COFFEE BARS AND JUGS. MODELS TO SUIT i every kitchen, office, factory HOSPITAL AND SCHOOL. ZIP IS FULLY AUTOMATIC AND STEAMSAVE YOUR NOW! M MULTICO BUILDING
      70 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 17 Firm Market Wood mduates the likely trading sentiment today. based on brokers initial at *-ftpm yesterday Overnight events may alter m ■ntiment Hntkers polled Alliance. Harmfts. liaiwa. (tk (Joh. Kay llian Morgan (irentell. \omura. I'lulhp Smith XenCourt and lat lee
        42 words
      • Article, Illustration
        HOT STOCK
        154 17  -  By Paul Leo INVESTORS should accumulate Innovest on any weakness towards its year's low of 60 cents. Indeed, at yesterday price of 84.5 cents, technical factors are indicating that the fall from Si. 12 on April 22 is about over. Volume has also declined, from 4.84 million shares
        154 words
    • Article
      Hai Sun Hup buys hotel in Sydney for A$39m
      413 17  -  By Dexter Lee SINGAPORE Hai Sun Hup is wearing a new hat that of a hotel owner. The shipping group said yesterday it had bought its first hotel, the four-star Ramada Hotel North Ryde in Sydney, for As 39 million (5543.7
      413 words
    • Article
      Tibs to invest in China transport venture, vehicle plant
      202 17  -  By Alec Almazan SINGAPORE Tibs International plans to invest in two transport joint-ventures in mainland China. The First, with the stateowned Jinan Tourist Car General Company, which will rent cars and buses to tourists. The proposed venture will involve a total
      202 words
    • Article
      Vikay group to develop 28-storey building in Fuzhou
      267 17  -  By Teh Hooi Ling SINGAPORE The Vikay group, which has a listed electronics arm Vikay Industrial, has participated in another project in China to develop a 28-storey building in Fuzhou, the capital of Fujian Province with investment estimated at $14.3 million. The
      267 words
    • Article
      Rothmans lifts after-tax profit by 8pc
      339 17 SINGAPORE Despite sluggish local demand, tobacco firm Rothmans Industries yesterday reported strong results for the year to March 31, 1993. It lifted after-tax profit 8 per cent to $46.78 million on a 19.6 per cent increase in turnover to $261.59 million. After-tax profit in
      339 words
    • Article, Illustration
      Lock icon A mistake to hang up on Telekom Malaysia
      932 17  -  HOCK LOCK SIEW By Amy Balan SINGAPORE There has never been a more eventful period for Malaysia's telecommunications sector than the past few weeks. Announcement after announcement fills the newspapers virtually every week all kinds of licences being awarded, new services introduced
      Source: Bridge Info  -  932 words
    • Article
      WBL Corp posts 63pc rise in interim earnings
      244 17  -  By Joseph Rajendran SINGAPORE Technology and property group WBL Corp formerly called Wearne Brothers yesterday reported its first double-digit increase in interim net earnings in four years. Also, the group expects its full-year 1994 results to be better than those of 1993.
      244 words
    • Article
      Guthrie chief sells 12.2pc stake to Sutowo family
      211 17  -  By William Chia SINGAPORE Guthrie GTS chairman Putra Masagung has sold a 12.2 per cent stake in the engineering group to a member of Indonesia's prominent Sutowo business family. Guthrie said yesterday Endang Utari Mokodompit had bought 40 million Guthrie shares for
      211 words
    • COMPANIES
      • Article
        Thumping vote by Consplant to merge with Sime Darby
        562 19  -  From Ho Kay Tat in KUALA LUMPUR CONSOLIDATLD Plantations Bhd (Consplant) shareholders yesterday voted overwhelmingly to merge with its parent Sime Darby Bhd, but only after a long meeting where many of them complained the share swap ratio undervalued Consplant. About
        562 words
      • Article
        Lock icon Siam Cement doubles consolidated net profit in first quarter
        346 19 Reuter, Bloomberg Business News BANGKOK Siam Cement pic's consolidated net profit doubled in the first quarter of 1994 because of increased local consumption, domestic interest rate falls at the beginning of the year and the depreciation of the US dollar against
        Reuter,; Bloomberg Business News  -  346 words
      • Article
        Lock icon Insas buys 3.9pc stake in UK retail firm Liberty
        178 19 Bernama KUALA LUMPUR Insas Bhd has bought a 3.9 per cent stake in Liberty pic, an upmarket UK retailer and fabrics for £3.63 million (SsB.4 million). The company, which is listed on the London Stock Lxchange, owns 22 shops and has
        Bernama  -  178 words
      • Article
        UNIT TRUSTS & FUNDS
        501 19 UNIT TRUSTS FUNDS Managers' prices May 27 US tir hunt! 102 1.06" Singapore Unit Trust UMB lnvest Ltd The Commerce 164 I nl nd 1 ns Hie Savings I und I >7 66 "'bond/ 1.0.5 03 S pore Prog > und 0 7t) 0 74 <» r hu d S~pore
        501 words
      • Article
        L&G names lead managers for US$150m Eurobond issue
        331 19 KUALA LUMPUR Land Cieneral Bhd has appointed Kleinwort Benson Ltd and Nomura International pic as joint lead managers for its proposed USSISO million (SS23I million) unsecured 10-year convertible Lurobond issue to raise cash for its expansion. The two merchant banks will market
        331 words
      • Article, Illustration
        Lock icon Queueing for a small windfall
        138 19 Text and photo by Arthur Lee SINGAPORE They came, some with infants in arms, others with their CPF accounts tucked in their shirt pockets. Most were taxi and mini-bus drivers, members of Comfort who stand to reap a small windfall when the company is listed
        Text and photo by Arthur Lee  -  138 words
      • Article
        Lock icon Morgan Grenfell unveils strategy favouring HK, Thailand, Australia
        255 19 Reuter HONGKONG Morgan Grenfell Asia Seeurities has announeed a new Pacific Rim investment strategy which overweighs the Hongkong. Thailand and Australian stock markets. "We are still positive on Hongkong... Hongkong is not exposed to China. Hongkong is exposed to Guangdong province," Stuart
        Reuter  -  255 words
      • Article
        Lock icon Bangchak to sell shares at 31 baht each
        173 19 Reuter BANGKOK Thailand's Bangchak Petroleum pic signed an underwriting contract to sell its shares to the public for the first time in June at 31 baht (551.89) per share. The 104.4 million shares, to be split into 101.27 million shares for the
        Reuter  -  173 words
      • Article
        Lock icon Ceitic may inject assets into property arm IHD
        387 19 Eastern press HONGKONG Wang Yake. president of China liverbright International Crust and Investment Corporation (Ceitic), has hinted that the company's property investment subsidiary. ***** Holdings, whose shares were suspended trom trading on Monday, might receive an injection of assets from the parent
        Eastern press  -  387 words
      • COMPANY BRIEFS
        • Article
          Lock icon Renong's 9-month pre-tax up 41pc
          125 19 Bernama KUALA LUMPUR Renong Bhd's group pro-tax profit for the nine months ended Mareh 31. 1994, jumped 41 per cent to VIS 191.148 million (SSI 13 million) despite a 22 per cent drop in turnover to M 5216.303 million. Releasing its unaudited results yesterday, Renong
          Bernama  -  125 words
        • Article
          Lock icon UEM's first-quarter rises to M$68m
          66 19 Bernama KUALA LUMPUR United Engineers (M) Bhd reported a group pre-tax profit of M 567.99 million (SS4O million) for the three months ended March 31. 1994. a 29 per cent rise from M 552.58 million in the same period in 1993. The company said group
          Bernama  -  66 words
        • Article
          Lock icon Astra's net profit up 63pc
          81 19 ALP JAKAR TA Indonesia's second largest business PT Astra International said yesterday consolidated net profit rose 63 per cent to 132 billion rupiah (SS9S million) in the year to December from 81.5 billion rupiah the previous year. Shareholders agreed during the meeting to more than
          ALP  -  81 words
        • Article
          Lock icon EPE Power reports better performance
          68 19 Bernama KUALA LUMPUR LPL Power Corporation Bhd reported an operating profit of MS 1.746 million (551.02 million) tor the three months ended March 31. 1994 compared with MS 1.126 million previously. This was achieved on a turnover of M 521.824 million. LPL said the better
          Bernama  -  68 words
        • Article
          Eltech confirms Compaq deal
          71 19 SINGAPORL Sesdaq-listed Lltech Electronics said it had won a US$3B,OOO (5558.900) contract to build power supplies for computer maker Compaq Asia. The order will be undertaken by Eltech's Malaysian subsidiary. Lltech Electronics Technology. In response to a Business limes article on May 20. Lltech confirmed that
          71 words
      • Article
        San Teh unit raising US$21m loan in China
        221 19 SINGAPORL I he San Teh group is raising a loan in China. A cement unit of the listed rubber component maker is in the process of raising USS2I million (SS32 million) to buy plant and machinery in the Chinese province of Lujian.
        221 words
      • COMPANY BRIEFS
        • Article
          Lock icon Cathay has no plans for China stake
          56 20 Reuter HONGKONG Swire Group, owner of Cathay Pacific Airways Ltd, said it wants to forge close ties with Chinese airlines but has no plans to take ownership interests. "We have no discussions with them on shareholdings," said Swire Pacific chairman Peter Sutch after
          Reuter  -  56 words
        • Article
          Lock icon Swire holders approve repurchase plan
          48 20 Reuter HONGKONG Shareholders of Swire Pacific Ltd approved a motion at the meeting allowing the company to repurchase up to 10 per cent of its shares. However, Swire Pacific chairman Peter Sutch stressed there were no immediate plans to exercise the resolution. Reuter
          Reuter  -  48 words
        • Article
          Lock icon HK's Prod-Art plans HK$100m issue
          70 20 Bloomberg Business News HONGKONG Prod-Art Technology (Holdings), which makes and sells pagers in China, said it hopes to raise HKS 100.2 million (5520.4 million) to expand its operations through a rights issue. The company said it will offer shareholders seven new shares of stock for
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Pepsi to expand KFC in Asia
          78 20 Bloomberg Business News HONGKONG PepsiCo Inc plans to spend up to US$6OO million (***** million) over the next five years on its Kentucky Fried Chicken restaurant chain in Asia, particularly in China and India, the Asian Wall Street Journal reported. KFC aims to lift
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Keng Fong Sin Kee shares suspended
          43 20 Reuter HONGKONG Trading in shares of Keng Fong Sin Kee Construction and Investment Co Ltd has been halted pending an announcement, the Stock Exchange said. Keng Fong Sin Kee is a property development and investment company. Reuter
          Reuter  -  43 words
      • Article
        Lock icon NEC expects profits to bounce back this year
        580 20 Bloomberg Business News TOKYO Japanese electronics giant NEC Corp yesterday said profits would bounce back this fiscal year because of a recovering Japanese economy and rising demand for its products overseas. The company said current profit for the year to March 1995
        Bloomberg Business News  -  580 words
      • Article
        Lock icon Cigarette firm's 85pc dividend
        187 20 AFP CALCUTTA Indian cigarette maker ITC Ltd has declared an 85 per cent dividend and a one-for-one bonus for its shareholders after a surge in sales and profits during fiscal 1993-94. Sales in the year to March 31 increased 12.4 percent over fiscal 1992-93 to 42.8
        AFP  -  187 words
      • Article
        Lock icon Microsoft can't dominate market yet: industry execs
        342 20 Bloomberg Business News SAN FRANCISCO Microsoft Corp has a long way to go before dominating the software world the way International Business Machines Corp did the computer industry for three decades, say executives of leading database companies. The executives were asked to assess
        Bloomberg Business News  -  342 words
      • JAPANESE RESULTS
        • Article
          Minolta back in black with 258m yen
          48 20 MINOLTA Camera, a leading camera manufacturer, posted a current profit of 258 million yen (SS3.B million) in the year through March 1994. reversing a 13.64 billion yen loss last year. Minolta said its current profit would rise to 1 billion yen.
          48 words
        • Article
          Kanebo loses 6.69b yen
          39 20 KANEBO Ltd. a cosmetics and textile maker, reported a current loss of 6.69 billion yen last year, its first loss in 15 years. It said the loss would grow to 9.8 billion yen this year.
          39 words
        • Article
          Mitsubishi Heavy sees 9pc rise
          45 20 SHARES in Mitsubishi Heavy Industries, a leading shipbuilder and Japan's leading aerospace company, rose 15 yen to 738 after the company forecast its current profit in the year through March 1995 would rise 9 per cent to 130 billion yen.
          45 words
        • Article
          Mitsubishi Materials down 73pc
          45 20 MITSUBISHI Materials Corp said its pre-tax earnings tumbled 73.7 per cent to 2.6 billion yen in the year to March and forecast a partial recovery for the current year. The company forecast a modest increase in earnings to three billion yen.
          45 words
        • Article
          Mitsubishi Electric down 10pc
          35 20 MITSUBISHI Electric Corp said its group pre-tax earnings fell 10 per cent from a year earlier to 71.4 billion yen in the year to March hut forecast a rebound this year.
          35 words
      • Article
        Lock icon Trafalgar House returns to profit
        241 20 Reutcr LONDON British const ruc-tion-to-hotels-and-shipping group Trafalgar House pic yesterday said it had returned to profit, but saw little improvement in trading conditions and failed to pay a dividend. It reported a first-half pretax profit of £13.4 million (5530.8 million) in the six months to
        Reutcr  -  241 words
      • Article, Illustration
        Lock icon Bond on verge of collapse in court
        59 20 Reuter PKRTH Bankrupt businessman Alan Bond (centre) being supported by lawyers after he nearly collapsed during a brief court appearance yesterday. Bond was said to be show ing signs of the onset of a stroke as well as suffering severe depression and brain
        Reuter  -  59 words
      • Article
        Lock icon Fujitsu back in black despite US unit's woes
        267 20 AFP TOKYO Japan's biggest computer maker Fujitsu Ltd announced yesterday a group pre-tax profit of 44.1 billion yen (***** million) for the year to March, reversing a loss of 16.2 billion yen a year earlier. But the company also said its net
        AFP  -  267 words
      • Article
        Lock icon Philip Morris holds off tobacco, food split
        219 20 Reuter NEW YORK Philip Morris Cos. the maker of Marlboro cigarettes, said on Wednesday its board of directors took no action at a meeting where it had been widely expected to separate its food and tobacco units. Philip Morris, whose operations include Kraft
        Reuter  -  219 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Chase to double its S'pore dealers
        320 21  -  By Shiv Taneja SINGAPORE US-owned Chase Manhattan Bank is investing heavily in Singapore, in its 30th year of operation in the Republic. According to Chase's vicepresident and country manager in Singapore, Gabriel Teo, who is also the first Singaporean head of the local operation:
        320 words
      • Article
        Profits of Japan's city banks plunge
        437 21  -  From Anthony Rowley in TOKYO THE financial reporting season for Japanese banks opened yesterday with most of the 11 major "city" or commercial banks reporting a further sharp drop in profits for the year to March 31 and also forecasting heavy earnings declines for
        437 words
      • Article
        Lock icon US brokers rig trading for higher profits: study
        215 21 AP NEW YORK A new study strongly suggests that the United States' brokerage firms collude with one another to rig over-the-counter trading and ensure themselves artificially high trading profits at the expense of investors. The study by two business professors examined price
        AP  -  215 words
      • Article
        Lock icon TRW bids for US$60m China bank project
        125 21 Bloomberg Business News CLEVELAND TRW Inc said it submitted a bid to the People's Bank of China for a US$6O million (5592.4 million) project to modernise China's banking system. TRW is leading a team of high-technology companies bidding to help build an integrated
        Bloomberg Business News  -  125 words
      • Article
        Lock icon Coffee has peaked, it's cocoa's turn, say analysts
        328 22 Reuter LONDON Cocoa may soon takeover from coffee as the surgThg soft commodity market in London, according to technical analysts. Coffee prices, which have more than doubled since February, reached a seven-year high on Tuesday at U552.480 (553.794). But the market turned
        Reuter  -  328 words
      • Article, Illustration
        Lock icon Manila police, FBI seek scam ringleader
        279 22 AFP MANILA The Philippines is cooperating with the Federal Bureau of Investigation (FBI) in tracking down an alleged ringteader in a USS3S million securities trading swindle who has fled to the United States, an official said yesterday. Manila is working to have the passport
        AFP; Reuter  -  279 words
      • Article
        Lock icon Tycoon seeks pioneer status to build Philippine naphta plant
        330 22 AFP MANILA Industrialist John Gokongwei is seeking government incentives to build a 14.4 billion peso (***** million) naphta cracker plant in the ecntral Philippines, the Board of Investments said yesterday. Construction of the plant, which would be the first of its
        AFP  -  330 words
      • Article
        Lock icon More foreign oil firms disillusioned with China
        447 22 Reuter SINGAPORE Foreign oil companies are becoming increasingly disillusioned in their dealings with China despite the market reforms and anti-cor-ruption drives sweeping the country, industry sources said. Some large foreign trading firms have even brought lawsuits against Chinese companies in recent months, a
        Reuter  -  447 words
      • Article
        Lock icon White House wants lifting of export ban on Alaska oil
        292 22 AP WASHINGTON The Clinton administration is considering asking Congress to lift the export ban on petroleum from Alaska's North Slope, opening a new market for Alaskan crude in Asia, officials said yesterday. Such a move would be likely to prompt
        AP  -  292 words
      • Article
        Lock icon Japan's oil industry chief calls for sales tax exemption
        210 22 Reuter TOKYO Japan's intricate oil tax system should be revised before the expected rise in ihe general sales tax. says Petroleum Association of Japan (PAJ) chairman Yasuoki Takeuchi. Mr Takeuchi said that the oil industry was being doubletaxed because the 3
        Reuter  -  210 words
      • Article, Illustration
        Untitled
        1767 22 Inulf-iu-iyhiiil iinU-\ cakiilah-J aqam\t S'purr\ nip 14 iraJinf ivnntu Ban- iw I9gf US$/S$ forward rates Noon May 26 s$ Bid Oder I -month 1.3318 1 5333 2-month I 5316 1.5331 3-month 1.5311 1 5326 6-month 1 5302 1.5322 Sotinr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As it 9am on
        1,767 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        123 22 ASIAN CURRENCIES strengthened against the USS yesterday, led by a weaker USS against the majors. Against the SS, the USS opened at 1.5350-60 off from the 1.5370-75 close on Tuesday. The USS came under selling pressure, touching a low of 1.5335, thereafter trading around 1.5335-45.
        Charts by Dow Jones Telerate  -  123 words
      • Article
        Lock icon London
        182 22 Bloomberg Business News LONDON The dollar was lower against the dcutsche mark at the close of trading as the Bundesbank left its key 4.5 per cent discount rate unchanged amid speculation German rates are unlikely to be cut again in the current economic cycle. Traders said orders were few
        Bloomberg Business News  -  182 words
      • Article
        Crude oil futures stable ahead of holiday
        175 22 Bloomberg ENERGY REPORT LONDON Crude oil futures were stable yesterday amid uncertainty over which direction prices will take after the long weekend on both sides of the Atlantic. The International Petroleum Exchange and the New York Mercantile Exchanges will be closed on Monday
        175 words
      • Article
        Lock icon New York
        83 22 AFP NEW YORK The dollar hovered early yesterday near its Wednesday's closing levels in New York in a slow market as traders hesitated in the absence of any trend and before the long US Memorial Day holiday weekend. At about 9:40 am (1340 GMT), the dollar traded at
        AFP  -  83 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar, Euroyen futures end higher
        1320 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed firmer in quiet trade yesterday. Dealers said sentiment for Eurodollar was "rmer after remarks from a Federal Reserve official that there was no imminent sign of inflation in the US and a better-than-expcct Treasury auction
        Reuter  -  1,320 words
      • Article
        Tin lower on lack of European buying
        587 23 COMMODITY REPORTS Tin MALAYSIAN tin closed 10 sen lower at MS 14.30 a kg yesterday on 'ack of European demand due 10 a high local price premium to the London market, traders said. The premium widened to US$100 a tonne from US$50 on
        587 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Australia seeks feed grain markets
          133 23 SYDNEY The Australian Wheat Board has started a major push into Asian markets focusing on feed grain, rather than on traditional milling wheat supplies. AWB spokesman Alex Nicol said new feed varieties of wheat are being released and there is expected to be an increased
          133 words
        • Article
          Copper wire demand in Japan poor
          125 23 TOKYO The April downturn in orders and shipments of copper wire in Japan, reported yesterday by an industry group, is carrying over into May as Japan's economy continues to struggle, according to industry sources. Domestic orders of copper wire and cable fell 2 per
          125 words
        • Article
          Australia ups wool output estimate
          107 23 SYDNEY The Australian Wool Production Forecasting Committee yesterday revised upward its 1993-94 (July-June) estimate for shorn wool production to 762 million kilograms. At its February meeting, the committee had estimated production at 751 million kg. The increase has resulted from more sheep than expected being
          107 words
    • Article
      COMMODITY PRICES
      1489 23 Rubber Singapore Commodity Exchange I (futures closing as at 5.30pm) I RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 94 I 149.25 825 Jul 149 00 2600 Aug 148.00 148.00 148.00 150 1275 Sep 147.25 147.25 146.75 100 3575 Oct/Dec 147.25
      1,489 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1266 24 -9 WEAKER European markets and banking stocks dragged the Australian stock market to a weaker close yesterday, but firmer bonds brought it off its lows for the day, brokers said. Brokers said the firmer bond market helped the local bourse rally after it tumbled 21.9 points in early trade.
        1,266 words
      • Article
        Manila
        662 24 +37.86 Philippine share prices rose 1.31 per cent en blue-chip buying yesterday to end a two-day slump, analysts said. The Philippine Stock Exchange composite index gained 37.86 points to close at 2,917.07. The market had fallen 42.96 points, or 1.47 per cent, over the past two trading days after
        662 words
      • Article
        Taipei
        549 24 +77.18 Taiwan's benchmark stock index rose as investors bid up electronics and textile shares expected to profit from a tumble in the New Taiwan dollar, analysts said. The weighted price index of the Taiwan Stock Exchange gained 77.18 or 1.34 per cent to 5,852.36, as shares worth NT535.7 billion
        549 words
      • Article
        Seoul
        416 24 +6.84 Renewed interest in primary blue chips pushed the market to close higher, brokers said. The composite stock index added 6.84 points to 950.76, above the widely-regarded resistence level of 950. Blue chips accounted for about one third of the 119 stocks which went limit up. But those which
        416 words
      • Article
        New Zealand
        344 24 -15.47 New Zealand shares ended lower yesterday as investors continued to sell forester Carter Holt llarvey following the com pi' ly's release of full-year results on Wednesday, traders said. The New Zealand Top 40 share index closed down 15.47 points at 2139.71. with Carter Holt and Telecom accounting
        344 words
      • Article
        Bombay
        65 24 +28.07 Bombay share prices rose on buying triggered by the announcement of a 1:1 bonus by ITC Ltd and the expectation of good results from Tata Iron and Steel Co in a trading session delayed by a train accident, brokers said. The Bombay Stock Exchange 30-share rose 28.07 points
        65 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        781 24 Britannia Funds Sterling Cash Bid Offer Mim l ap Deposit 38 6400 3* 6500 Mim Jcnev tiilt 0 1893 0 1992 Mim Max Income 0 9600 1 0000 LS$ Cash Income Plus Fund 10.0700 10 MOO PS Rescrse Fund 5 2*00 5 2600 Sterling Kquitv Euro Performance 0 4592 0
        781 words
      • Article
        London
        656 24 -1 SHARES closed mixed yesterday amid concern that European interest rates won't fall much further, after 20 months of cuts that lifted stocks to all-time highs. Stocks in Britain didn't bounce back from Wednesday's slump, and the FT-SE 100 Index fell to its lowest level since September. Bond investors
        656 words
      • Article
        Paris
        142 24 +7.48 French stocks rose as investors bought banks and other financial institutions in the wake of a 5 per cent decline in the CAC-40 Index during the past five days. The CAC-40 Index of leading stocks rose 7.48 points to close at 2091.89 points. The index was pulled higher
        142 words
      • Article
        Stockholm
        129 24 11.29 Swedish shares closed higher after a bumpy session. Traders said falling market interest rates and strong gains in pharmaceutical group AB Astra, after it dropped patent infringement suits against Takcda of Japan, helped shares to rise. The OMX Index of 30 leading stocks rose 11.29 points to 1164.33
        129 words
      • Article
        Frankfurt
        193 24 15.5 German stocks recovered from the day's lows in afternoon post-market trading, after concern about the prospect for further cuts in German interest rates subsided, traders said. I hc DAX index of 30 key German stocks closed at 2145.75 points, rising 15.50 after the official close. Compared with yesterday's
        193 words
      • Article
        Brussels
        163 24 -4.69 Belgian stocks fell as hopes faded for interest rate cuts amid Europe's fragile economic recovery. The Bcl-20 Index of leading shares fell 4.69 points to 1504.56. The yield on the 10-ycar government benchmark bond was last at 7.71 per cent compared with 7.42 per cent at the end
        163 words
      • Article
        Milan
        132 24 -28 Italian stocks fell after a day of volatile trading, as investors were uncertain about the direction of the market while the government's economic policy was still unknown. The Milan market's blue-chip Mibtcl Index ended down 28 points or 0.24 per cent at 11.846. The overall Milan Stock Exchange
        132 words
      • Article
        Amsterdam
        220 24 1.24 Dutch stocks closed mixed as investors bought shares that looked good value after Wednesday's plunge and sold those that are sensitive to interest rates. The Amsterdam EOE Index of the 25 most traded stocks closed 1.24 points higher at 404.74. Amsterdam May 26 Kls \BN Amro fcl JO
        220 words
      • Article
        Zurich
        225 24 16.1 Swiss stocks in the core blue-chip index rose as investors remained concerned about interest rates, traders said. The Swiss Market Index. or SMI. which tracks the top 21 blue-chip stocks, gained 16.1 points to 2689.2 points. Thirteen stocks rose, one was unchanged, and seven fell. Zurich \U> 26
        225 words
      • Article
        Johannesburg
        291 24 -57 South African shares, mainly golds, ended well down on thin trade as bullion came under selling pressure. a lack of fresh influencing factors failed to provide direction, and a firmer financial rand accelerated the downward drift. The overall index closed 95 points down to 5,390, industrial index 57
        291 words
      • Article
        Toronto
        324 24 +5.81 Toronto stocks firmed in thin trade at the open, with traders looking for sideways movements through the day. The TSE 300 composite index was up 5.81 points at 4297.18 in volume of 10.05 million shares valued at C 5140.45 million. Declines outpaced advances 176 to 155 with 221
        324 words
      • Article
        New York
        771 24 -0.92 Blue-chip stocks were slightly lower in subdued trading yesterday as the market locked into a consolidation mode ahead of the threeday holiday weekend. At I pm EDT, the Dow Jones Industrial Average was off 0.92 point at 3.754.38. But in the broader market, advancing issues led declines
        771 words
    • Article, Illustration
      Lock icon HONGKONG
      3116 25 Bloomberg Business News 1 IONCiKONCi Realcstatc stocks led the market lower after a government land auction this afternoon fetched lower-than-expected bids. Investors started selling real-estate stocks after they got the news that the first site offered in the land auction went for only about 75 per cent its anticipated
      Bloomberg Business News; Source: Bridge Info  -  3,116 words
    • Article, Illustration
      Lock icon CHINA
      521 25 CLSA THE Shanghai B shares moved up 1.7 per eent yesterday. despite the 1.7 per eent decline in the A market. Turnover was at U556.44 million. The biggest gainer of the day was Chlor-Alkali, whieh moved up 7 per cent. Refrigerator also posted gains of 6 per cent. Four
      CLSA  -  521 words
    • Article, Illustration
      Lock icon TOKYO
      2610 25 Bloomberg Business News TOKYO Stocks declined yesterday as traders and investors waited for companies' earnings reports and for news about the progress of US-Japanese trade talks. "We've been trying to make a new high all day, and now the exhaustion is catching up with us," said Raymond Bressoud, a
      Bloomberg Business News; Source: Bridge Info  -  2,610 words
    • Article, Illustration
      Lock icon BANGKOK
      1760 25 Bloomberg Business News BANGKOK Stocks were mixed as declines among brokerage and property shares were offset by gains in construction stocks triggered by a strong profit report by Siam Cement, analysts said. Shares in Siam Cement, the nation's largest building materials conglomerate, rose 74 baht to 1054 baht aficr
      Bloomberg Business News; Source: Bridge Info  -  1,760 words
    • Article, Illustration
      Lock icon JAKARTA
      1187 25 Bloomberg Business News JAKARTA Indonesian stocks rose for the tenth successive day as gains in companies with good first-quarter earnings offset a 4.5 per cent decline in Uarito. l'he Jakarta Stock Exchange Composite Index, which tracks all stocks, rose 0.6 point, or 0.12 per cent, to 502.60. Ihe index
      Bloomberg Business News; Source: Bridge Info  -  1,187 words
    • Article
      CLOB INTERNATIONAL
      2861 26 MOST ACTIVE volumt Mulpha Inll 50c 4.11 Idns H>d 50c 2.488.000 taM 1.719.000 FMIMc 1. 184.000 Kcnong BhJ 50c 1.152.000 Kjmunlnw 50c 1.083.000 Lien Hoc TSK47 480.000 \MDB 50c 824.000 Ind ()*>gcn Wi45 7 6'.000 Kcina>an 50c 674.000 Muhi-Purposc *****0 Invis BhJ 544.000 lnno\cM Bhd 566.000 MOST ACTIVE
      2,861 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks firm as strong economy provides boost
        6023 26 Bloomberg Business News KUALA LUMPUR Stocks rose yesterday after four consecutive days of declines as investors bid up prices of selected blue chips, with concern on rising US interest rates being eclipsed by domestic economic strength, traders said. The benchmark Kuala Lumpur Composite
        Bloomberg Business News; Source: Bridge Info  -  6,023 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7589 27 1 MAIN BOARD Transaction date: May 26 lit Cr IW Last Vol Day Last Quote l>i» Ui» VM Net M («f High Low Company Sale f/. (°000) High Low Bu>er Seller S C"»r S CI Smil INDUSTRIAL AND COMMERCIAL I-WO 865 I s Acraa 880 cd unch 12 885 880
        7,589 words
      • Article, Illustration
        Lock icon STII tracks Dow's gain but broader market mixed
        1944 28  -  By R Sivanithy SINGAPORE Local shares yesterday continued to mirror the performance of the US financial markets, with the Straits l imes Industrials Index adding 12.34 points following a 10-point overnight rise in the Dow Jones Industrial Average. The STII ended at
        Charts by Bridge Info; Source: Bloomberg  -  1,944 words
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      156 17 NEWS VALUE How today's ne »»> mm fit at lei t your stinks HK land auction sees lower-than-expected bids (l\ I) A real dampener for Hongkong stocks. More bearish impact on Hongkong stocks can he expected. Acma wins controlling stake in US hi-tech firm Paradigm H\' 11 looks like a
      156 words
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      39 18 The Business Times -Lancome 18th Anniversary Golf Tournament TO Ail OUR DISTINGUISHED ADVERTISERS WHO TOOK PART IN OUR TOURNAMENT YESTERDAY Special thanks to Cycle Carriage Industries lor sponsoring the Hole-In-One Prize: Mercedes-Benz E2OO Automatic. I l f?J J $»•««•!< i
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      8 19 I he dividend table has been held over
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      535 19 BUSINESS TIMES TOLL-FREE TEL. No. 1 -800-741-1883 •I AX 741-1298 abrholdingslimitedH holoino. iihth (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held on Monday, 27 June 1994 at 11.00 a.m. at The
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      979 20 I Steamers Maritime Holdings Limited (Incorporated In the Republic ot Singapore) I NOTICE OF EXTRAORDINARY I GENERAL MEETING I NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Emerald Room, 10 Hoe Chiang Road #04-02, Keppel Towers, Singapore 0208 on Wednesday, 15 June
      979 words
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      100 21 scons HOLDINGS lIMI I t D Our Address has Changed, But not Our Commitment to Forge Successful Partnerships with Our Clients and Associates. Due to expansion and our requirement for more space, Scotts Holdings is moving across Orchard Road to Ngee Ann City. Our office in Thongsia Building will be
      100 words
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      1750 21 I OCQ CREDIT CORPORATION (SINGAPORE) LIMITED I (Incorporated In Singapore) BALANCE SHEET 31 DECEMBER 1993 I Notes 1993 1992 6 Singapore Government Securities I and Treasury Bills 1993 1992 H NON-CURRENT ASSET Fixed Assets 3 468,708 458.610 Quoted, at cost 21,795,237 23.960.642 H Less H CURRENT ASSETS Premiums charged to
      1,750 words
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      251 23 Notices THE COMPANIES ACT, CAP. 50 CREDITORS' VOLUNTARY WINDING UP NOTICE OF APPOINTMENT AND SITUATION OF OFFICE OF LIQUIDATORS Name of Company NHK-Schnurr Pte Ltd Company No *****0458Z We, Mr Wee Aik Guan and Mr Kaka Singh ot Deloitte Touche. NRIC Nos *****066/J and *****881/H hereby give notice that: At
      251 words
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      36 23 YOUR DAILY GUIDE 'addiftetC The Straits Times Classified. The only buyer's/ seller's guide that's updated everyday. Whether you need a house painter or art instruction, Classified has what you're looking for! Just call 737-1166. CJL.T.S. 1737-*****
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      Page 23 Advertisements Column 3
      38 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. STRAIGHT TALK You shouldn't have to read between the lines to get the full picture Companies Markets. Everyday
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      114 25 BRING NEW LIFE TO YOUR HAIR m mm Facing hair problems like balding, thinning hair, damaged hair and prematurely ■k I'M>_r greying hair? Don't despair, turn to Hay's for an all-natural, effective treatment to all these problems. Hay's Formula adopts a holistic approach s, that combines a secret herbal formulation
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      66 26 1% -rt TXsiNGAKXttf rfl Busmessfimes BustnessTimes Businessumes Business Times Businessiin Wl MOW ASIA I V Subscribe now and have your personal copy delivered to your doorstep. Usr asasgaSf gggggg Mail or fax this form to: Address- 6 Customer Relations Section Circulation Department Pnc»»i rnA»Singapore Press Holdings Limited •82 Genting Lane
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      4 26 Tomorrow in Business Times
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      26 27 wrn—iwiMmvmm "T ®$f ¥fllBB ■11 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday r I 7 Business Times •TJCWWABA
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      369 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 MITSUMINE FASHIONS INTERNATIONAL PTE LTD At an Extraordinary General Meeting of Mitsumine Fashions International Pte Ltd held on 20 May 1994 the following resolutions were passed. 1. SPECIAL RESOLUTION-WINDING-UP That Mitsumine Fashions International Pte Ltd be wound up voluntarily pursuant to
      369 words
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      518 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF GENTING EQUITIES (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter 50, that the FINAL MEETING of the Members of the abovenamed Company
      518 words
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      229 28 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO AND IN THE MATTER OF MACC HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter 50, that the FINAL MEETING of the Members of the abovenamed Company will
      229 words
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      Page 28 Advertisements Column 4
      663 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 EUROTIME CENTRE (SINGAPORE) PTE LTD (Incorporated In the Republic of Singapore) (MEMBERS' VOLUNTARY WINOING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap 50 that
      663 words
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      706 28 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KATSURAGI TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Blk 125 Bukit Merah Lane 1. #03-160. Singapore 0315. on 26 May 1994 the
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  • Shipping Times
    • Article
      S'porean clinches agency from Thai containership operator
      372 29  -  By Dexter Lee SINGAPORE The boss of freight forwarder RIL Shipping Services, Richard Loo, has clinched a shipping agency from a new Thailand-based containership operator. Mr Loo has since formed Royal Ocean Lines to handle the appointment by Cots Shipping (Thailand), which will
      372 words
    • Article
      Lock icon Hanjin Heavy wins US$100m order for bulkers
      375 29 Lloyd's List LONDON South Korean shipbuilder Hanjin Heavy Industries Corp (HHIC) has landed a US$lOO million (S$ 154.million) export contract for a series of handymax bulk carriers. The deal has been signed with an unnamed Hongkong Chinese owner and entails four craned bulkers
      Lloyd's List  -  375 words
    • Article
      Lock icon Eletson deal shot in arm for US marine industry
      419 29 Lloyd's List WASHINGTON The ailing US ship-building industry has received a massive boost following the decision by Piraeusbased Eletson Corp to sign with Virginia's Newport News Shipbuilding a letter of intent for four 46,000 dwt double hull newbuildings. If it goes
      Lloyd's List  -  419 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1086 29 Page Col ABC Containerline 16 4 Accord Group 8 1-3 Ahrcnkiel Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 3 ASCL 5 5 Assist Marine 6 1 Avant Shpg
      1,086 words
    • Article, Illustration
      Keppel completes $5m refurbishment job
      197 29 SINGAPORE Keppcl Shipyard has completed a S5 million refurbishment job on the oil production and storage barge San Jacinto. The vessel recently left Keppel's Telok Blangah yard for the Sembilang Field, off the coast of Indonesia. Keppel said yesterday it won the refyrbishment job from
      197 words
    • Article
      New insurance offer for container barges in HK
      206 29 SINGAPORE The Through Transport Club (TT Club) is offering a new form of insurance for container barges operating in Hongkong. The London-based mutual company has introduced a package which covers stevedores' liability, barge charterers' liability and loss and damage cover to the
      206 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        611 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Hon* 01W P02 alongsrie 21 (ft,0600 Batam Muira 05 09 94 12 alongside 2/05/2300 Hota Ratu RW11W P05 alongside 2805 0600 Bate 04 02/94 8,9 Angside 2/05 0600 Laurus 12H P01 alongside 26
        611 words
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        CONTAINER SCHEDULES
        1795 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From fci lotus 062A 28/1500 IA 26/1500 26/1659 26/1900 28 26/1/00 27/0659 2 0900 3 27/0700 27/1159 27/1400 4 27/1200 27/1459 27/1700
        1,795 words
    • Article
      THE SHIPPING GUIDE
      13370 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND FN: ship calls at Penang after
      13,370 words
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      Lock icon Shuttle tanker technology enters new era
      1419 46  -  The design of shuttle tankers has taken great leaps forward since their introduction in the late *****, reports David linsley David Tinsley Lloyd's List Shipbuilding Shiprepair ALTHOUGH there have been major advances in the technology applied to shuttle tankers .since their introduction in the
      Lloyd's List Shipbuilding & Shiprepair  -  1,419 words
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      DAILY FREIGHTS
      1235 46 Charterers appeared to be having .some success in pushing rates ■lower for Atlantic Panamax tonnage and although the market remained essentially sluggish there were still cargoes to be fixed, brokers said. The Baltic Freight Index for spot dry cargo shipping rates fell to 1,496 yesterdaa from 1,499 on
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        Lock icon US carrier National Airlines reborn after 15 years
        424 48 NYT ATLANTA National Airlines, one of the first low-fare carriers in the US, was revived on Wednesday after a 15-year absence, when Private Jet Expeditions Inc began flying under the defunct carrier's name. National, formerly based in Florida, was bought in 1980
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        Lock icon SAS reduces loss in first quarter
        475 48 Expects earnings to improve for rest of year Reuter STOCKHOLM Scandinavian Airlines System (SAS) on Wednesday said it narrowed its first-quarter loss and predicted a profit for 1994 after four straight years of losses. SAS, half-owned by the governments of Sweden, Norway and Denmark,
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        Lock icon End of an era as historic Howard Hughes aircraft plant closes
        641 48 Los Angeles Times CULVER CITY, California Closing a celebrated chapter in aerospace history, the aircraft plant where Howard Hughes built the Spruce Goose five decades ago was scheduled to shut down yesterday. McDonnell Douglas Corp has built helicopter parts
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        Lock icon Ban by Taiwan on China travel hurting Cathay Pacific
        188 48 Bloomberg Business News HONGKONG Hongkong's main international airline, Cathay Pacific Airways, said on Wednesday Taiwan's ban on group travel to China is hurting the company's earnings. The carrier announced it will cancel 16 flights between Hongkong and Taipei over the next
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        UPS introduces hand-held scanners in Singapore
        311 48  -  By Alec Almazan SINGAPORE United Parcel Service (UPS) is introducing hand-held scanners here as part of its continuous USSI billion (551.54 billion) worldwide technology updating programme. The air-express major has bought 80 scanners for US$9OO apiece to give customers quicker and more precise information
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        Lock icon Safe landing despite pilot's death
        69 48 Reuter NARITA AIRPORT, Japan Japanese rescue workers carry the body of British Airways captain David Robertson out of the aircraft upon landing at Narita Airport, east of Tokyo on Thursday. The pilot died of a heart attack en route to Narita from London, but the
        Reuter  -  69 words
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          Lock icon Indian Airlines workers end strike
          74 48 UPI NEW DEL HI The striking engineers of India's domestic air carrier ended their wage-related work stoppage on Wednesday after long negotiations with the management, a spokesman said yesterday. The 10-day-old strike severely disrupted summer flights of the state-run Indian Airlines. The agreement, signed after
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          Lock icon China's rail industry expects losses
          101 48 Reuter HONGKONG China's rail industry is expected to lose about seven billion yuan (SSI.I billion) in 1994, a top Chinese government railways official was quoted by the Beijing-controlled China News Service as saying on Wednesday. Han Zhubin, minister of the Ministry of Railways, said at
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          Lock icon China foils 16 attempted hijackings
          68 48 Reuter HONGKONG Airport police in the south China city of Shenzhen have foiled 16 apparent hijacking attempts so far this year, the Beijing-controlled Hongkong China News Agency said on Wednesday. The most recent case concerned a woman arrested as she tried to board a plane
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          Lock icon French high-speed train line approved
          107 48 Bloomberg Business News PARIS A new high-speed train line between Paris and Strasbourg was given the green light on Wednesday after the stateowned rail system said it expected to win sufficient funding for the 33.3 billion franc (SS9.I billion) project. The rail system, Societc Nationale
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1434 48 City fight ETA flgj ETD_ Abu Dhabi GA976 0010 GA928 2140 GA970 2155 Adelaide QF81 1925 QF82 2055 SQ227 2230 Amsterdam KL837 1450 GA976 0010 SQ323 1730 KL838 2300 SQ26 2355 AMmw SQ348 2250 Auckland NZ73 1550 SQ285 2045 SQ288 2040 NZ74 2340 BA12 2200 Bahrain
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      49 29 Cf eh®|M BACK IN TOWN! "INTER", The World Renowned Container Fitting Lashing Together With "INTERMARINE SUPPLY". A Combination Of Expertise Providing Quality, Reliability, Prompt Effecient Services To The Shipping Industry. Exclusive Agent /Distributor: Mlntermarine Supply Co (Pte) Ltd No. 7 Bukit Balok St 22, *****. Tel: *****88 Fax: *****11
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      25 29 Lines and services reprei«nted ky Members ef the Registry if Accredited JWwJng Agmte, Singapore National Ship- X^gyf/ For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      51 29 THE famous l ft MMUft/ iwg _ai3ju» ■!Mlllg|* 224 1833 For more information please refer to Pg. 13 New shuttle tanker technology, Pg 18 US carrier National Airlines reborn, Back page EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE Business Times in KNOW
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      422 30 TSKUNE AGENCIES (S) PTE. LTD. T T/ w *m-np Tel: 226-3363 MpW i 3«JX« JLLWIi Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I lohtwo w m wi kt I h» hk mo «e tto tok s>e wo mi I i ACX LIAC 0318 25.05 *27.05 27.05 31.05
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      1541 30 DIRECT TO US* WEST COMY ~3] SMBE ~..M „Z%l CALIFORNIA PtGASUS *22 12 6 US 206 226 236 21 216 226 226 256 __J CALIFOAMA JUPITER *73 896 2/6 296 306 2«6 286 296 296 2 7 *0 tttlWC 59/021N 305 116 156 T 166 186 206 236 236 276
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      2294 31 SH,PP,MG AGENC,ES 8 5^L A 03^7^^X M:*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) T |i 9 7n^/ 1 /FA^^Ofi 3 CFS TB *****6 BOOKINGS TEL: *****80 *****81/ *****82 ■«»TEL *****3/4 FAX. *****6 (OPNSI S^ r st^ c P»; e K^sv, 9 3 2^S' 3M9 m TEL: *****27 FAX: *****25 Dedicated to
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      2221 31 mamssasm AZERBAIJAN/TURKMENISTAN/ UZBEKISTAN/KAZAKHSTAN VIA BANDAR ABBAS TOBIAS MAERSK V. 9413 ETA SIN 3RD JUNE 1994 Vessel Voy ETA ETO Feedered by S ST etTet. destinations rhu MA* VIE A maersk V 9406 »ch 0800 mrs CFS 29. 05 2359 HRS JOM LPK PEN OAK LGB SFO MEM ATL MIA CHS
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      1642 32 I™™"T AOABA R DAM/ IE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H'BURG A WERP HAVRE WEST MALAYSIA LEVERKUSEN EXPRESS 18/320 28/5 6/6 <3/6 15/6 <8/6 20/6 22/6 Port Kefang. Penanq KATSURAGI 21/121 1/6 18/6 21/6 19/6 Pasir Gudang KItANO 25/321 4/6 13/6 20/6 22/6
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      694 32 f AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Ooqharuri) C.1.5./RUSSIA: Vostochny, Vladivostok, Moscow. 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 Oceania V.2164 31/5 29/6 Ned America V.2174
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      1341 32 NOR ASIA I FEL LliA J NORASIA SUSAN 9420 3 27/05 17/06 20/06 21/06 22/06 23/06 24/06 25/06 26/06 -P6TO6 I NORASIA SMOGA 9421 J 01/06 22/06 25/06 26/06 27/06 28/06 29/06 30/06 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
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      1835 33 pp W STRAITS SHIPPING PTE LTD ASBf 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line (A SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAH.S ASIAN VENTURE VO2E KK. Shin, Taw 28 »30 May 31 May 02 luie p C L LCL
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      2775 33 SINGAPORE AGENT: *♦%/\«n P&O Containers (Singapore Agencies) Pte Ltd I iVI il Bill /I 1 1 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 i. w Te): 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 fP«lsF¥&£\ CR Number: **********0Z EXPORT IMPORT VC.SFL VOY -MM -PKO sin SOU
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      598 34 ifji EKA JAYA AGENCIES >3Jjr TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE [To CHI MWh CITY PAOtR HANPPHONt/DtRtCT HCNUY HQt 21KM24 727XM/M4IW KCLYIM CHAN 21MX25 MM72a/HB22H MAHOJ 2HMM *****22 ►TO VIETNAM/HCMC K CONTAINER-PEEDIR SERVICE CENTER-POINT g Wk LINES wan. not iu s rqg hoy it> to* «wgi*ow
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      1794 34 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI SM ILUC HAUL SEA TVR POX FW «L SJN IIW HMJL MV HM HTC HANM KAOHSIUNG 016E 27/5 EMRtCT 16/6 17/S l«/ 6 HANJIN KAOHSUNG 01SE 27 S M. ASIA OIK 30/t 1/7
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      1495 34 y j _J T \1 I I M I I I B |^^^^^R^a|^HH|HHpHHHHHH^pHEQ£juZnQ2R*2ZpuHpjHHpHHHHHH^^^^^^^H*< Pi^HHUUJlMlllkaiAiMlßM3aKiMdyyttAU3iSllilßdMMßßftA4AMlß3i^^Hl^B« Iml sop isc mg nc rus wi o» k* av iro iu cis w nc in im w t» mo p» cm pki set B». t GIMUS K#M 31,S 1/C 6/6 I«10t 13 4 14/ C
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      2147 35 II sex: 'CALIFORNIA PEGASUS 22E' eta sgp 01/06/94 II I &jgm II ARRIVING LOS ANGELES 18/06/94 IN 16 DAYS HI I II aex: 'NEPTUNE DIAMOND 20E' ETA SGP 01/06/94 II I f II ARRIVING NEW YORK 25/06/94 IN 23 DAYS HI EXPORT TO: PSW/PtiW SINGAPORE CALIFORNIA EXPRESS (SCX) TO USWC
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      1175 35 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 -X BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
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      1570 36 44 v M AS AGENTS: H" LINE (SINGAPORE) PTE LTO (C* HO: **********0M/6ST REG NO: M 2 *****99-6) K-WW- TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 T ltX MALAYSIA: K" LINE MARITIME (MALAYSIA) SON BHD M 4 TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T.
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      779 36 @APPENSHIP {3\ HAMBURG \T\f CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST s VESSELS 10MHNG PORTS DISCHARGE/LOADING FOR NOVIQRAO ANTW 20/05 SPORE 17/06 ECUADOR BIL 22/05 SPORE 29/06 KOALA CONTAINER LINE SPORE FIX HAM RTM LEH BALANDRA 4606 03/06 27/06 21/06 29/06 01/07 CS NEW
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      421 36 f GOLDEN LINE;^\ \CG GUAN GUAN SHIPPING < PTE > LTD W-| M Ttw> k,« Street SNGAPORE 0104 m 5343*1 (10 LMES) Fu: *****04 (CD No **********08) BTRAITB/PEBBLAH OULF IMYICI S pore P Ketang Penan? GaOO KM Karat* Dub* Kuoat 1/10 km GOIKN HARVEST Ka»achi Dub* Kuwait 22/24 Dm CHIHA
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      977 37 Sssssfllg PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I B M fIHV CR NO **********0E f INn'i'iLhßiilili-tl-M-n-Maa^^M VESSEL VOY SIN BKK siS VOY SIN JKT SIN KOTA SASAS SB22N 29/5 1/« 5/6 g OT *.?^M* W «i, ?M\ 3/2 7/8 K. BUANA (BMT/LCH) BNAOOI
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      984 37 VESSELS VOY I sm I IE HAVRE HAMBURG IHAMES ROITERPAM ANTWERP W.LE DC LYRA YO3W 30/04 21/06 23/Ot 24/06 Z7 l Wilt DC VEGA GO3M 08/06 30/06 02/07 03/0? 04/07 06/07 VULE DC VfLA VO3M 14/06 08/07 09/07 09/07 10/07 12/07^^ VULE DC TITANA TO4W 13/07 15/07 I* 7 7
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      Page 37 Advertisements Column 3
      878 37 BSA 4 MYANMA five star line (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kit Pen P.Gdj MERGUI VI23W Sid PAGAN V2O9W In Port PA THE IN V 129 IN In Port HPA-AN V2O2W 06/08 lun MALAYSIA AGENTS 80USTEAD SHIPPING AGENCIES KUI TEL 03-*****00 PKL TEL 03 36*6767 PEN: TEL
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      3040 40 SINGAPORE'S GENERAL AGENTS MALAYSIA'S AGENTS f II COSTAR SHIPPING PTE LTD Chung Chuo Shipping Sdn Bhd FIIDfIPF FYPBF^^ 2 Mistri Road, HMC Bldg *15 00 Singapore 0207 Main Lm: Ppri Kelang 368 8106 CUfIVrC CAf IICiJO CR NO: U*****000M UCR NO: CCSU Kuala Lumpur 03 241 4616 MAIN LINE: 226
      3,040 words
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      178 40 /^JORBUU^ I NORBULK CARGO SERVICES LTQ. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES FOR I WORLD AGAMEMNON 10/6 15/6 ROM/ANT/IK I NORBULK TBN 28/6 30/6 FLU/ROAM/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 28/6 30/6 DBN/CPT/EL J ALSO LOADS TAWAU, KK. TG. MANI I PK SWK/SABAH
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      771 41 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 5/6 ROTTERDAM 30/5 AARHUS/COPENHAGEN 5/6 HAMBURG/BREMEN 30/5 MARSEILLE/FRANCE 31/5 FELIXSTOWE/UK 30/5 BARCELONA/SPAIN 30/5 LEHAVRE/FRANCE 30/5 GENOA/ITALY 30/5 ANTWERP/BELGIUM 30/5 LOS ANGELES/WC/IPI 29/5 SYDNEY/MELBOURNE 31/5 NEW YORK/EC 29/5 FREMANTLE/ADEIAIOE 3/6 f. VANCOUVER
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      1892 41 I*■ 11 j w OT ?Trr'm B I 1 BBWBMI BS YEB EL *21 7 *il vessel vov sin pew B- i I IBRA BHUM 528 Fri In PI Tya 31/5_ BUNGA SEROJA 4085 Fh In Pt Sat 28/5 B|| VESSEL VOY 8H BKK 1 BHATRA BHUM 31S Sal 28/5_
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      1630 42 MftMWN CONTAINER LINES, INC [tlVZVVlAgents: MAC-NILS BPORE: *****22 (24 LINEB) w\/ 'cm m mwmwm SIBU (084) *****9 KUCHING (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 29/5 30/5
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      107 42 TITIMAS SHIPPING TRADING SDN. BHD. TITIMACT. KELANO (03)*****55 (H/Lin«) Fax: 03-*****63 Tlx: MA ***** TIBITA VESSELS VOY P KLANG PORT OF DESTINATION:- NEW LINE NO 1 7/94 26-5-94 MUARA/BINTULU/MIW SENG LEONQ 8/94 KUCHING/SIBU SUTRA 8/94_ 31/5/94 KUCHINQ/SIBU jssf PINESEAS MARITIME PTE LTD VESSEL VOY SPORE PKLG K K BRIS SYO
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      172 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD Uft 11* STOW POUT KUANG PINANG BtlK MK 12 6 Loading tor Male KUVM HUDHU 20/6 Loading tor Colombo CKXPHW 8 6 Loading fw Male PWCU SUPKME 10 6 Loading for Malt UMMEDH 2 i Loading For Male PHOGKSS ÜBMTT 3/6 Loading
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      1089 42 f IL THONG SOON UNES PTE LTD I rXTir\ 78 shenton way #10-01, Singapore 0207 I I V/ V/ TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOI CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL VOY iS'PORE [PEST EQUATOR 111 123/4E 29
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      604 43 WgVEVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/lAPAN SERVICE MCCfTMG BREAK BULK SOC CMGttS TO/FROM KOK. YOKOHAMA, HAGOYA, m. router manla* oa*ao* z Pw»t* f Ketone Seaport E'Msu* IWEVERETT V9E 16/17 Jun 18/19 tun NMIALEVERETT V2IE 30 Jun/01 Jul 02/03 Jul $APLAEVERETT V2IE 12/13 Jul 14/15 U MCEFTMG BttAKBUU/FCL/SOC CA*CO€S TO/FROM CHITHGONG.
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      228 43 181 GLORY NAVIGATION GROUP 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
      228 words
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      516 43 jriK PAKISTAN NATIONAL jST SHIPPING CORPORATION KARACHI BREAKBULK A CONTAINER SERVICE VtSStl VOY sw KARACHI SARGOOHA U3HW 07/06 16/0t ISLAMABAD 122-HW 20/0< »/0* MAURA* 149-HW 12/07 22/07 HYP6RABAO 131 HW H/07 2«/07 FAR EAST CONTAINER SERVICE ONLY VtSStl VOy" Ml mc 6SW NAG TOK MjßMjl mow M/<X 13/06 17/ M
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      643 43 liiuy»ililM!illil FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS TAO HE/84 11/06 24/06 25/06 27/06 i 2/07 JIAN HE 84 26/06 09/07 10/07 12/07 27/07 HUI HE/106 11/07 25/07 26/07 28/07 12/ OS VI HE/100 26/07 09/08 10/08 12/08 27/ OS SHUN
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      350 43 SIN FAR EAST 31/05 KEELUNG/KAOHSIUNG 29/05 BANGKOK 29/05 MANILA/CEBU 29/05 JAKARTA/BELAWAN/SURABAYA 29/05 PORT KELANG/PENANG/E. MALAYSIA 29/05 BUSAN 29/05 TOKYO/YOKO/KOBE/NGO/OSA 29/05 HONG KONG S|N CHINA 29/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DAL lAN SHANGHAI XING ANG TIANJIN/QINGDAO/HAIKOU also accepting LGL cargo SIN EUROPE/UK 31/05 LDN/FLX/LVP/SOU 31/05 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romama/Poland/Bulgaria/Czech. SIN
      350 words
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      746 44 PHILI-OmeNT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 jQ p. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H)^ "aS Xf A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 30 MAY SYDNEY. MELBOURNE, BRISBANE. FREMANTLE 06
      746 words
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      314 44 y Con term 'W CONTEHM FREIGHT (F.E.) PTE LTD. AUCKLAND 06 JUNE (Accepting to all Naw Zealand porta) PENANG 03 JUNE JAKARTA 05 JUNE PORT KLANG 02 JUNE BANGKOK 05 JUNE MELBOURNE 02 JUNE SYONEY 02 JUNE BRISBANE 09 JUNE FREMANTLE 08 JUNE ADELAIDE 03 JUNE GOTHENBURG 04 JUNE 'ACCEPTING
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      432 44 Next Week's Sailings Singapore I FIRST FORWARDER IN To: ETD To: ETD asia awardf.d Singapore Singapore ,so 9002 BV LRQA EVERY EVERY Bangkok SUN Jakarta SUN EVERY EVERY Manila SL'N Ho Chi Minh FRI fDI |J EVERY EVERY W JsEk Colombo lIE Ijmassol IHL'R j| INTERNATIONAL SEA FREIGHT FORWARDING Tel:
      432 words
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      1596 45 ISEAMAORGENTIN^IN^^^n CONTAINERISED "HUB" SERVICE I I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I WESTBOUND BASE ROOTS VIA BUSNOS AIRES VIA SANTOS VSSSCLS VOY SPORE B.AIRES SANTOS USHUAIA M'VIDEO ASUNCION ROC JANE WO PARANAOUA FRANCISCA SCHULTE 01E 10/06 10/07 13/07 05/07 12/07 13/07 16/07 18/07 SEAMAR TBN 01E 22/06 02/08 06/08 27/07
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      361 45 CEYLON SHIPPING CORPN National Line of Sri Lanka CONTAINERISED SERVICE TO IK AND NORTH CONTINENTAL PORTS lwt|ai|aolLa|n)mlmi>lißii|Mw HOMSW SUSWI WOT 27, OS 07/ M Wilt 01 LTt» rom Jl/ts M,K M/Ot 2*/H »<* tt/44 M.04 No»*Sl> S*fc» M2l 11/W */n NOMSW WIHAH M 7? 3 01/Ot l)K NOIUSIA MU6WW 4
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      513 45 |C CONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.38 [poari vor buenos a iris Montevideo oursan Jakarta naooya vessels wraoovoatTt tan MU» sailed sailed 30 0»05 04~ 10/04 m h,o«~ 202i/ba~ PWtOZiam EBl2 SAA.EQ MUD 02/04 II U/OO 27/08 ot 03/07 OEKABIHST 1413 30/08 00/04 02/QQ 21/00 03 05/07 OT/Q7 12/07
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      Page 46 Advertisements Column 1
      483 46 IaaBSM NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANHA PERVOMAYSK 9402W 27/05 (FRI) 01/06 (WED) OPTIMA 9403N 31/05 (TUE) 04/06 (SAT) SWINGSJ™-* VIGOUR PACIFIC 9421N 03/06 (FRI) 08/06 (WED) PERVOMAYSK 9403N L__ 07/06 (TUE) 11/06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE 1 GENERAL SANTOS DAVAO CEBU
      483 words
  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      700 46 TODAY'S TIDES (height in metres) Z 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 ft 3.3 3.2 2.7 2.1 1.4 0 8 04 0.2 0.2 0.5 1.1 1.9 2.4 2.6 2.6 2.4 1.9
      700 words
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  • Page 47 Advertisements
    • Advertisement
      Page 47 Advertisements Column 1
      965 47 I HYUNDAI I MERCHANT MARINECCKLTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PK£* PGO* VESSELS VOT SIN RTM I ANT* LEH* HAM BRtt~ FEI 25/05 27/05 28/05 H. EXPIOKER 311W 30/05 17/06 19/06 20/06 19/06 19/06 21/06 01/06 03/06 04/06 NOR FRIBOURG 311W 06/06 24/06 25/06 26/06 25/06 25/06 2S/06 08/06
      965 words
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      Page 47 Advertisements Column 2
      465 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSSU HOY Sf Ml Kite RK CHAMPION TIUMI 137 31 S OMHtt MOON VS2 l/l t/t 12/1 Mil 14 i SOMil 127 2/1 BUB HUM V2S «/l l/l KEISMIM HJ COSMIC lIIMR MS l/l l/l OUTBOUND VESSELS LOADINC FOR
      465 words
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      Page 47 Advertisements Column 3
      974 47 JEDD AH/UK/CONTINENT I STORE CD S TON H'BURG R DAM UN AKo Accept!* Cvto fm: LEYUKUSEN EXPRESS 11/320 21/5 6/6 15/6 11/6 20/6 22/6 Southron :toM UK dotoutan. Beltm and Out* RATSURAGI 21/121 1/6 11/6 21/6 23/6 Rotterdam :to M Antvop. Aimtefdjm, Odo. HMi RITANO 25/321 4/1 13/1 22/6 25/6
      974 words
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