The Business Times, 2 June 1994

Total Pages: 48
1 48 The Business Times
  • 14 1 Business Times WE KNOW ASIA M ITA(P) 010/12/93 Thursday June 2 1994 75 c
    14 words
  • 2am LATEST
    • 49 1 Reuter NEW YORK Wall Street stocks fell yesterday. On the broader market at Ipm EDT, declining issues edged out advances on trading of more than 151 million shares on the NYSE. At 2pm EDT, the Dow Jones Industrial Average stood at 3,747.91, down 10.46 points
      Reuter  -  49 words
    • 48 1 Reuter PARIS Saudi Prince AlWaleed Bin Talal has agreed with Euro Disney SCA and Walt Disney Co to buy 13 to 24 per cent of Euro Disney stock from Euro Disney's underwriting banks and Walt Disney Co, Euro Disney said yesterday. Reuter
      Reuter  -  48 words
  • 162 1 Stock market indices Wednesday Change STII 2,267.88 -13.79 KLSE Comp 982.80 -10.93 Nikkei 21,053.11 +79.52 Hang Seng 9,512.07 -41.49 SET Index 1,368.35 +11.48 Jakarta Comp 494.33 -7.46 CLSA China B ....1,085.46 -3.78 Aust All Ord 2,097.2 +15.4 FTSE 100 2,931.90 -38.6 Wednesday Previous 2pm close Dow Jones 3,747.91
    162 words
  • 701 1  -  By Amy Balan SINGAPORE Hotel-to-entertainment tycoon Ong Bong Seng has taken a bold new step into the retail fashion business with his purchase of loss-making US chain Armani A/X, the downmarket line of Italian fashion czar Giorgio Armani. Mr Ong
    701 words
  • 428 1  -  By Chuang Peck Ming SINGAPORE The continuing tight labour market has driven up salaries in the first three months of the year to levels set by high-paying employers, according to a survey by Remuneration Data Specialists. The most wanted workers technicians now command
    428 words
  • 423 1  -  From Lim Soon Neo in HONGKONG HONGKONG banks will continue to borrow from Singapore, their largest net external lender last year, said David Carse, deputy chief executive (banking) of the Hongkong Monetary Authority (HKMA). Hongkong borrowed HKSI22 billion (SS24
    423 words
  • 87 1 AFP MUNICH, Germany Sic-mens-Nixdorf is to set up a joint venture in Singapore to handle the printing and sending of electronic mail and data by postal service users, the German information systems company said yesterday. Singapore Post Pte Ltd will have the
    AFP  -  87 words
  • 580 1  -  From Alan Boyd in BANGKOK THAILAND is reviewing its investment incentives for foreign component-makers so as not to miss out on an expected second wave of factory relocations in South-east Asia. More tax breaks are being offered in rural areas targeted for joint
    580 words
  • 251 1 Bloomberg Business News WASHINGTON The purchasing managers' report, a gauge of US factory orders and other manufacturing activity, stoked inflation concerns yesterday when it showed higher prices for raw materials. The overall index was unchanged at 57.7 in May from a month earlier
    Bloomberg Business News  -  251 words
  • Page 1 Advertisements
    • 224 1 CO 2233 Removable CO Tuner *>m OSP Sound Processof/C0 Changer Conlrolfer Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. 235 1333 Kuala Lumpur: Phone; 757 0233 Ptnang: Phone. 615 985/619 014 Jakarta: Phone *****9/*****8 lv COMTKNTt I Mews Cmipmlvs S pore News 2 S pore-HTsa 17.20.21 Regional News 3.4.6
      224 words
    • 8 1 Innovation: Pg 12 High-tech and the lowly ant
      8 words
    • 11 1 j Hock Lock Siew: pg 17 j Turbulence for M'sian Welicopter
      11 words
    • 75 1 The\Bottom Line: Pg 16 Concern over HK's colonial laws Jakarta assures foreign fund managers of level playing field, Pg 3 true Cantonese cuisine connoisseurs. A We prepared it with a variety of tantalising tastes. /In ent i c i n g dishesfor aformal W gophering or casual dining. Taviliori RESTAURANT
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 361 2  -  By Shiv Taneja THE fee-based income of major banks has been on the increase and is expected to grow even faster this year as a result of more initial public offerings. According to a Vickers Ballas Investment Research report, banks have been placing more
        Source: SES  -  361 words
    • 400 2  -  Occupancy rate improves to 93.4 pc By Abdul Hadhi THE COMPLETION of some major condominium projects added 1,026 units to Singapore's stock of private residential properties during the first quarter of this year raising the total figure by 1.4 per cent
      400 words
    • 276 2 THE Castrol factory site at 6 Hillview Road is believed to have attracted bids which will set new benchmark prices for residential land in the Bukit Timah area. A brief statement from Castrol Singapore yesterday said that six major local developers had tendered
      276 words
    • 296 2  -  CommunicAsia94 By Juliette Walker THE TELECOMMUNICATION Authority of Singapore aims to ensure a level playing field for telecom providers as the industry wades its way through liberalisation, the head of TAS said yesterday. Director-general Lim Chuan Poh said TAS recognises that
      296 words
    • 313 2 ABOUT 96 countries are expected to buy at least US$5OO million (***** million) worth of capacity in the world's longest undersea fibre optic cable system even before construction has begun. The vice-president of Fibreoptic Link Around
      313 words
    • 275 2 Move paves way for RacaFs entry into offshore services market BRITISH data communications company Racal Electronics has bought an 80 per cent stake in a Singapore company for $22.4 million cash. The local firm is Techno Transfer Industries, which makes and operates remotelyoperated
      275 words
    • 326 2 ATS LAND Ptc Ltd. part of the ATS group that is involved in software development, has entered into a strategic partnership agreement with a Chinese company to develop and promote an industrial and technological park in Jiangsu
      326 words
  • Page 2 Advertisements
    • 279 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Sen/ices Section on 1800-749-2577, and ask for home or office delivery service. The
      279 words

  • SOUTH-EAST ASIA
    • 448 3  -  From William Chia in JAKARTA -INDONESIAN Finance Minister Mar'ie Muhammad has reassured foreign fund managers that the government would set a level playing field and ensure that the rules of the capital market are fairly enforced. He also called on players
      448 words
    • 283 3 AFP JAKARTA PT Satelindo, a private Indonesian company linked to one of President Suharto's sons, is expected to start providing international telecommunication services in September, a company executive said yesterday. "According to our president director, we are planning to open international
      AFP  -  283 words
    • 100 3 AFP BANGKOK A British market analyst and Chamber of Commerce representative said here yesterday official economic growth figures espoused by Yangon are misleadingly optimistic. "They are not the figures you find in Burma," said Peter Snell of Asia Market Intelligence. He gathered figures from primary
      AFP  -  100 words
    • 356 3 Reuter, AFP JAKARTA Indonesia will need investments totalling US$33O billion (SSSOS billion) between 1994 and 1999 if its economy continues to grow at an anticipated 6 per cent a year. Finance Minister Mar'ie Muhammad yesterday said the government also needed to create 2.5 million
      Reuter,; AFP  -  356 words
    • 138 3 Bernama KUALA LUMPUR The Cable News Network (CNN) will be asked to clarify its news report claiming Malaysia is among three Muslim countries supplying arms to Bosnian Muslims in violation of a United Nations ban. "We want to know their intention
      Bernama  -  138 words
    • ASIA NOTES
      • 70 3 Reuter JAKARTA Indonesia said yesterday it was satisfied with the Philippine government's reaction to a conference on East Timor in Manila despite the Philippine Supreme Court ruling which allowed it to go ahead. Susilo Sudarman. Coordinating Minister for Politics and Security Affairs, said Indonesia, which
        Reuter  -  70 words
      • 103 3 AFP HANOI Hongkong. South Korea. Singapore and Taiwan are well in the lead of foreign investors in Vietnam, leaving other countries trailing in their wake, according to new statistics. Of the U554.24 billion (556.49 billion) of foreign investment in Vietnam. 52 per cent has
        AFP  -  103 words
      • 44 3 JAKARTA A former air force chief and ex-adviser to President Suharto has been questioned over an alleged Jakarta land deal scam, Antara news agency said. The Jakarta Post daily named the man as Mohamad Saleh Basarah Suradiningrat.
        44 words
      • 47 3 Knight-Ridder JAKARTA Indonesia is seeking USS26 billion in investment to boost power generation capacity by 13,000 megawatts in the Sixth Five-Year Development Plan. State Minister of Research and Technology BJ Habibie said planned projects would double the country's total electricity capacity. Knight-Ridder
        Knight-Ridder  -  47 words
    • 230 3 AFP KUALA LUMPUR Malaysia's air force has decommissioned its US-made Skyhawks, which made up its fighter fleet for eight years, and will use British-made Hawk 100s exclusively. the chief of Malaysia's air force said yesterday. "Apart from its age and inability to meet
      AFP  -  230 words
  • Page 3 Advertisements
    • 102 3 940 ll Cms *mm* |l B IH j i iuK n *****11 l fl II It looks like a good year ahead, and you can anticipate being rewarded for your efforts. Maybe even with dividends that include a Volvo 940. Because with the 940's Side Impact Protection System and safety
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 122 4 AFP HONGKONG China is to host its first international conference on telecommunication next week in a move analysts see as a start to drawing in foreign help in planning key policies in the sector, organisers said here yesterday. Leading telecommunication companies from Japan, South Korea,
        AFP  -  122 words
      • 72 4 Reuter TAIPEI Taiwan's foreign exchange market had an average daily turnover of U552.79 billion (554.3 billion) in April, up 10.3 per cent from U552.53 billion in March, the central bank said. The Taiwan dollar/US dollar trade accounted for 36.4 per cent of the total turnover,
        Reuter  -  72 words
      • 87 4 AFP HONGKONG China is planning to set up a Communist Party newspaper for Hongkong after taking over the British territory in 1997, and is drawing up guidelines for the media, a monthly magazine said here yesterday. The China-watching monthly magazine Open said in its
        AFP  -  87 words
      • 75 4 AFP HONGKONG China signed 474 contracts worth US$6 billion (Ss9 billion) during a just-concluded trade fair here, it was reported yesterday. A total of US$45.B million worth of goods was traded during the Hongkong '94 China Trade and Investment Conference, which opened on
        AFP  -  75 words
      • 42 4 AFP TAIPEI Taiwan will resume a review of applications for the importation of semi-finished Chinese products following a twomonth suspension sparked after 24 Taiwanese tourists were robbed and killed on a Chinese lake, officials said. AFP
        AFP  -  42 words
    • 275 4 AFP TOKYO Japanese Foreign Minister Koji Kakizawa said yesterday he hoped for progress in tariff talks with China to pave the way for China's admission to the General Agreement on Tariffs and Trade (Gatt), officials said. Mr Kakizawa made the remarks while
      AFP  -  275 words
    • 395 4 Vice-Premier Zhu reiterates needs for Beijing-London cooperation AFP HONGKONG Chinese Vice-Premier Zhu Rongji has reiterated that China wants to cooperate with Britain on Hongkong economic matters, but it takes "two hands to make applause". Emphasising the need to maintain Hongkong's position
      AFP  -  395 words
    • 48 4 Reuter HONGKONG South Korean delegates examine a public toilet here as part of the Public Toilets 1994 seminar held yesterday. Delegates from across Asia and the Pacific gathered to exchange ideas on how to make public toilets cleaner, sweeter smelling and lovable. Reuter
      Reuter  -  48 words
    • 234 4 AFP HONGKONG China's special economic zone of Shenzhen is trying to attract flatbuyers from Hongkong, where property prices are among the world's most expensive, by offering them easy cross-border access. Shenzhen vice-mayor Li Guangzhen said on Tuesday that Hongkong residents who spent
      AFP  -  234 words
    • 507 4  -  By Schutz Lee SINGAPORE I he Chinese economy may have begun to slow down in the first quarter, but Singapore's industries continue to improve their sales to that market, particularly in exports of petroleum products which jumped 63 per cent in value
      507 words
    • 339 4 AFP BEIJING A senior Chinese official has urged local governments to intensify a two-month-old price monitoring campaign aimed at curbing high inflation, the China Daily said yesterday. State Planning Minister Chen Jinhua told a conference here on Tuesday that officials should focus on key
      AFP  -  339 words
    • 305 4 AFP OTTAWA Canadian Foreign Minister Andre Ouellet has said his country would continue to expand its trading relations with China despite criticisms of Beijing's human rights record. Addressing the Canadian Institute of International Affairs. Mr Ouellet said on Tuesday that while
      AFP  -  305 words
  • Page 4 Advertisements
    • 275 4 Herma Labels are available in Standard and Micro sizes Label Six* mm Cofltonts ordof No Lohol Sit* mm Contents or6*r Mo per pock per pock J 25.00 x 14 00 1890 8002 88 90 1 23.00 2000 8160 35.10* 19 00 960 8003 i, 40 00* 14.00 1260 8006 4000
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    • 128 4 HONG FOK CORPORATION LIMITED NOTICE OF CLOSURE OF BOOKS NOTICE IS HEREBY GIVEN THAT subject to shareholders' approval for the Dividend, the Transfer Books and Register of Members of the Company will be closed from Tuesday, June 28, 1994 to Thursday, June 30, 1994, both dates inclusive, for the purpose
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  • REST OF ASIA
  • Page 6 Advertisements
    • 128 6 tnWviivt mi $40 mmmbmrthip $40 pert fcwJhf 9mm. "Why honey they're all aboard the world's largest sailboat, Club beautiful people. They each have their own private cabin to relax Med 11. Where each evening starts with cocktails; followed by a five in with news and movie channels to watch and
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  • THE WORLD
    • 467 7 Bloomberg Business News WASHINGTON Federal Reserve policymakers were concerned in February that high securities prices had formed a speculative bubble that might burst, according to Federal Reserve Board chairman Alan Greenspan. That was one of the reasons, though not the main one,
      Bloomberg Business News  -  467 words
    • 58 7 AFP SI JAMFS, Kranee Some 4,000 ehildren standing next to the graves of US soldiers killed during the Allied Forces' D-Day landing in France half a centur> ago. The children were preparing on Monday for the anniversary celebrations of the June 6, 1944 event at
      AFP  -  58 words
    • 409 7 AFP LONDON British Prime Minister John Major has called for a new "multi-speed, multilayered" approach to Europe, saying he did not believe European Union members had to be unanimous on every issue. His remarks, which come in the run-up to next Thursday's election
      AFP  -  409 words
    • 455 7 Reuter MILAN Romano Prodi, one of the driving forces behind Italy's privatisation programme, has resigned as chairman of the country's mammoth state holding company Istituto per la Ricostruzione Industriale, the company said on Tuesday. Prof Prodi, a former industry minister, was
      Reuter  -  455 words
    • WORLD WATCH
      • 78 8 Bloomberg Business News WASHINGTON US construction spending increased a smaller-than-expected 0.6 per cent in April, restrained by weaker spending on streets, highways and other government projects. The gain, to a seasonally adjusted annual rate of U*****.5 billion (Ss77B billion), followed a 1.9 per cent increase
        Bloomberg Business News  -  78 words
      • 104 8 Reuter BAGHDAD "Hie Iraqi dinar firmed slightly against the dollar and food prices stabilised in the week that President Saddam Hussein sacked his prime minister and took personal charge of the economy. The dollar was trading at 435 dinars yesterday morning, after plunging to
        Reuter  -  104 words
      • 128 8 Reuter JERUSALEM Israel's commercial real estate boom is likely to continue despite a government move this week to curb spiralling house prices, Israeli and foreign real estate developers said. A bull economy, optimism due to the Middle East peace process and a shortage of land
        Reuter  -  128 words
      • 97 8 Reuter BRUSSELS The European Union must act urgently to promote private investment in information highways by liberalising telecommunications markets and unifying its regulatory framework, a group of industry leaders said. The 19-member group, asked by EU government heads to propose a strategy for promoting
        Reuter  -  97 words
    • 423 8 Reuter FRANKFURT Bundesbank officials yesterday said German monetary policy was "on hold" for now but there was a chance of further interest-rate cuts later this year if M 3 money supply growth slowed by then. The central bank officials said M
      Reuter  -  423 words
    • 465 8 Reuter PARIS An OECD report on unemployment in the world's richest industrial nations offers country-by-country remedies but no global cure, diplomats said yesterday. The document, which member governments commissioned from the Organisation for Economic Cooperation and Development two years ago, will be
      Reuter  -  465 words
    • 402 8 Reuter HAMBURG Volkswagen AG needs 800 million marks (***** million) in financial aid from Spain to pay for restructuring costs at its loss-incurring Seat subsidiary or else it will reduce the size of its investment in Spain. Volkswagen managing board chairman
      Reuter  -  402 words
    • 288 8 Reuter BRUSSELS The European Commission is due to announce today the basis on which it will review tariff concessions to developing countries, a move that could lead to fewer benefits for some newly industrialised states. The Commission was scheduled to hold a
      Reuter  -  288 words
    • 406 8 Reuter PARIS Division among European members of the OECD is holding up a decision on which of four candidates will head the rich world's economic think-tank, diplomats said yesterday. "The delegations are not ready for a decision." a source at the 25-nation Organisation
      Reuter  -  406 words
    • 342 8 Reuter BRUSSELS Leading French industrialist Didicr PineauValencienne appeared in a Brussels court yesterday chargcd with fraud and swindling in a case that has shaken the business establishment. "The ease has started." a spokesman for the public prosecutor's office said. Pineau-Valencienne, the
      Reuter  -  342 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 88 8 Suntec City Tower is now av For details on the Business Capital of Asia, call Suntec City: 295 2888, Jones Lang Woe The 18-storey Suntec City Tower is part of the biggest commercial development in Singapore. It offers the largest office floor plates (28,000 sq. ft.) within the CBD, state-of-the-art
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  • SPORTS
    • 373 9 French Open AP PARIS Alberto Berasategui routed No 5 seed Goran Ivanisevic and Magnus Larsson saved six match points while rallying from a two-set deficit as the two unseeded players won French Open quarter-fi-nals yesterday. Their match-up tomorrow will be the first semi-final here
      AP; AFP  -  373 words
    • 324 9 Reuter PARIS The men's tennis "holy grail" of four successive Grand Slam titles looks more remote than ever after Pete Sampras was subdued by fel-low-American Jim Courier at Roland Garros on Tuesday. The failure of the world No 1 to add the
      Reuter  -  324 words
    • 435 9 NYT PARIS There may be some surprising occurrences in women's tennis, but they rarely happen on the court, and the field for the French Open's semi-fi-nal round that emerged from Tuesday's quarter-final matches proved no exception to that trend. Defending champion Steffi Graf, perennial semi-finalist
      NYT  -  435 words
    • 582 9 NBA play-offs NYT HOUSTON What started out as a romp to the National Basketball Association Finals for Houston wound up as a thankful escape on Tuesday night after the Rockets nearly blew a 24-point lead but hung on to defeat Utah, 94-83, and win
      NYT  -  582 words
    • SPORT SHORTS
      • Article, Illustration
        137 9 AFP l-ALSANNK, Switzerland Professionals will he allowed to play in the 19% Olympic Games in Atlanta. the International Olympic Committee indicated on Tuesday. A proposal to that effect is expected to be ratified by the International Baseball Association at its congress here on June 5 and 6. IBA president
        AFP  -  137 words
      • Article, Illustration
        120 9 Reuter NOTTINGHAM, Knsland English captain Mike Athcrton was named as his country's player of the year on Tuesday, and then pledged to score more test hundreds in the coming 12 months. Athcrton emerged from the recent series in West Indies with 510 runs at an average of 56.44 to
        Reuter  -  120 words
      • Article, Illustration
        292 9 AFP FAR HILLS, New Jersey Scvc Ballestcros will be playing in next month's US Open after all. The US Golf Association decided on Tuesday to give the Spanish star a special exemption. American Ben Crenshaw was also given a special exemption by the USGA. Earlier this week. Ballestcros. winner
        AFP  -  292 words
      • Article, Illustration
        210 9 AFP Reuter kI.MBKKLKY, South Africa England crashed to their fourth South African tour defeat in five matches here on Tuesday, going down 16-19 to a makeshift South Africa A side. Once again, the tourists were outscorcd two tries to one and ultimately succumbcd to a late field goal that
        AFP; Reuter  -  210 words
      • Article, Illustration
        227 9 Reuter Reuter DUBLIN Irish women can now show their support for their World Cup soccer team by sporting the latest fashion item in the team colour emerald-green bras. Playtcx was to launch the limited green version of its Wonderbra in Ireland yesterday with two special slogans "Ooh Aah Wonderbra".
        Reuter  -  227 words
      • Article, Illustration
        178 9 Reutcr NEW YORK Vancouver goaltender Kirk McLean withstood a furious barrage of New York shots and Cireg Adams scored with just 34 seconds remaining in overtime to lift the Canucks to a 3-2 victory over the Rangers in the opening game of the Stanley Cup Finals on Tuesday.
        Reutcr  -  178 words
  • Page 9 Advertisements
    • 69 9 er is now available for lease. in tec City: 295 2888, Jones Lang Wootton: 220 3888 or Knight Frank: *****33. D, state-of-the-art facilities and access to 3,200 covered parking lots. Its sophisticated design incorporates the latest in integrated building automation, befitting an address that promises to attract the most discerning
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  • Page 10 Advertisements
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  • LIFESTYLE
    • 1233 11  -  Lena Home lays bare bitter memories in her new album writes James Gavin James Gavin NYT IN MAY 1993, Lena Home made a rare public appearance at a party for the 25th of the Studio Museum in Harlem. Then
      NYT  -  1,233 words
    • 587 11 CHATTERBOX AP AP AP AP Reuter Reuter THE ORIGINAL disco queen is tired of the crown. Donna Summer insists there's another side to her music. "I don't mind the disco years," she told The Tennessean in an interview published on Tuesday. "Disco's been
      AP; Reuter  -  587 words
  • Page 11 Advertisements
    • 163 11 SUMMER. MOLIQAfyS! Nibbles Cafe The Imperial Hotel celebrates summer school holidays with you by giving a generous 50% discount on any local favourites such as Nasi Goreng, Laksa, Seafood Kueh Teoh, Mee Goreng as well as desserts like Caramel Custard, Ice Kachang and many other goodies So hurry down during
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  • Page 11 Miscellaneous
    • 1300 11 TV RADIO Almost An Angel, 8.30pm, SBC 5 Hogan a compulsive I 4 crook who finds himself at the s <?V Pearly Gates gets f •f trying to save a If "k However, an him 1 i that because of his criminal re- M JZmt*cord, he has to go back
      1,300 words

  • INNOVATION & TECHNOLOGY
    • 754 12  -  British Telecom uses the industrious insect in its cybernetics research, but the group's main study focus is corporate survival. Genevieve Cua, who visited its R&D facilities, reports Genevieve Cua TO a layman, the theory that a colony of scurrying ants could teach scientists how
      754 words
    • 250 12  -  By Sean Ang MANY local and international investors and developers have shown interest in investing in a $80 million to $100 million theme park just launched by the Singapore Science Centre. Centre director Chia Woon Kim disclosed this yesterday but declined to name
      250 words
    • IN TAKES
      • 78 12 SINGAPORE Minolta Singapore has introduced an electronic image management system for microfilmed documents. The MicroDAX 3000 system includes a special microfilm scanner, and works with a personal computer operating Microsoft Windows. Scanned and digitised images can be easily extracted, printed, faxed or merged
        78 words
      • 118 12 AP WASHINGTON Green tea, the beverage of choice for millions of Asians, may help protect regular drinkers against cancer of the esophagus, according to a new US study. Building on findings that green tea reduced the incidence of oesophageal cancer in rats and mice,
        AP  -  118 words
      • 116 12 AP PLAINSBORO, New Jersey Researchers at Princeton University have said they generated a record-setting 9 million watts of energy in a controlled fusion reaction that lasted four-tenths of a second. The level enough to power about 3,000 homes broke a record of 6.2 million watts
        AP  -  116 words
  • Page 12 Advertisements
    • 144 12 jf A .'mjaSk: ■:Mp l jr \\l one °f Asia's largest cargo handling VY complexes we at Thai Cargo have the facilities and manpower to look after all of your cargo needs /to II European cities. Our dedicated team and personal touches ensure that extra care and attention is given
      144 words

  • THE LAW PAGE
    • 1208 13  -  Can a guarantor of a failed company escape liability when creditors come knocking on the door? Low Kee Yang explains Low Kee Yang The writer is a senior lecturer at the Nanyanx technological University's Schwl of Accountancy, anil the author of I
      1,208 words
    • 495 13  -  AT THE BAR *jl By Conrad Raj WHAT's in a name? Plenty, especially if you are a lawyer. To assuage a large number of its members, the Society has reconstituted its sub-committee on small firms and renamed it the Legal Practice Review Committee.
      495 words
  • Page 13 Advertisements
    • 144 13 ft r Clothes; Nature Must Produce A Man. 1, David Hume, Essays: The Epicurean It isn't that we wish to make a big thing out of giving you a free RIl suit press every time you stay at our executive Penthouse Floors. Or l^at l^e butler assigned to you will
      144 words
    • 196 13 A Champion's Time. A Sincere Reward. PwSIW M 7T *****.789. The Royal Oak Championship Edition in tantalum and steel. Dedicated to the sporting exploits of Nick Faldo. Extra-flat quartz movement, water-resistant to a depth of 5 atm. J Forachampion like Nick Faldo, no timepiecc WLtlES£&\ "flp Watchmakers. And those wise
      196 words

  • 556 14 EDITORIAL IT IS tempting to credit the remarkable earnings growth of India's corporate sector this year to the three-year-old economic reform programme of Prime Minister Narasimha Rao. As at the end of last month, 231 Indian companies reported 72 per cent aggregate growth in net earnings
    556 words
  • WHAT THE OTHERS SAY
    • 333 14 AFTER decades of estrangement, Russia and China are moving towards a new era in their relationship. This process began with President Boris Yeltsin's visit to Beijing in December 1992, when the two countries pledged to eschew any agreement with a third party that could hurt
      333 words
    • 105 14 The world must be wondering how much longer will the cat-and-mouse game go on before a real solution can be reached to avoid military conflict in the peninsula. The war in Korea must be avoided at all cost. The stakes are too high, not just
      105 words
    • 115 14 THIS is the umpteenth time that North Korea has gone against the International Atomic Energy Agency, choosing to adopt the strategy of nuclear blackmailing instead. However, this strategy seems to have lost its effectiveness now. It is no longer North Korea's international status but its unreliable
      115 words
    • 134 14 THERE WAS indeed a strong reason for President Suharto to personally address this year's national conference of the Association of Private banks (Perbanas) that convened last week. The banking industty is currently tied up in one of its toughest consolidation tasks ever to redress the sticky problem
      134 words
    • 187 14 ANWAR IBRAHIM made two important, seemingly unrelated, remarks over the weekend. First, the Deputy Prime Minister underscored the importance of a government that leads by example in the crucial fight against inflation. Be it at federal or state level. Government and government agencies, he
      187 words
    • 146 14 THAI Communications and Transport Minister Col Winai Sompong is expected to seek Cabinet approval today for the removal of the chairman and a director of the Telephone Organisation of Thailand so that he can award contracts to two private firms to install 1.1 million phone lines. This
      146 words
  • 868 14  -  As the European Parliament election nears, Neville Stack sees a growing aversion to the idea of a federal super-state Neville Stack The writer is a political commentator based in London. He writes regularly for BT. The campaigns across the 12 states for
    868 words
  • Page 14 Advertisements
    • 261 14 Growth vs Safety ill■ W The Chinese wave in Vietnam m|^Hh|^ Yeo Hiap Seng's land saga Hongkong's housing horrors I Get your copy of this month's Singapore Business I I from your nearest newsstand or, if you prefer the Mr/Mis/Miss/Ms Occu|mdoo j conven i ence G f doorstep delivery, send
      261 words
  • Page 14 Miscellaneous
    • 92 14 vJONGS MpiS 6€&N/ copses'I ve. e>ee>4 p> Bund f001... slingimg his DS/GHr tomua my he/nd &ggn BROUND OF LATe ftuT OUR»6O Tit, SP*nJD HE. I V€. 6€€ M SO HfcS LEAPFROGGED OVQ<i N WO,?X 1 K»0 c~~/i i j a noTicgd ue'S usußPeo V- ry '*^x .^Stl. DOONESBURY GARRY TRUDEAU
      92 words

  • ANALYSIS
    • 955 15  -  A Malaysian state is threatening to challenge Singapore's position as the maker of 40 per cent of the world's disk drives. Claire Leow reports Claire Leow PENANG is proving to be a formidable rival to Singapore as a hub for electronics investments. Indeed, the rivalry has sharpened
      955 words
    • 1024 15 PENANG has come a long way from a free port to a centre for electronics investments, but the race for the Malaysian state, ironically, has just begun. Inevitably, success brings in its wake problems and pressures. Manpower shortage and freight difficulties threaten
      1,024 words
  • Page 15 Advertisements
    • 454 15 I HONG FOK CORPORATION LIMITED I (locorponui la lb. R«|>uMk of I NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Sixth Annual General Meeting of HONG FOK CORPORATION LIMITED will be held at the Company's Registered Office at 300 Beach Road #41-00, The Concourse, Singapore 0719 on
      454 words

  • 538 16 Negotiators expected to cover liberalisation of Tokyo's insurance market AFP. Reuter TOKYO Japan and the United States yesterday resumed tough bilateral trade talks, aimed at opening the closed Japanese market, following a four-month deadlock. During a working-level meeting here, Japanese and US negotiators were to
    AFP.; Reuter  -  538 words
  • 52 16 Reuter JAKARTA A military officer tries to stop an angry policeman from throwing a stone at residents here on Tuesday. News reports said dozens were injured and several cars damaged after residents clashed with security forces which tried to occupy a site that had been destroyed by
    Reuter  -  52 words
  • 333 16 AP, AFP WASHINGTON The Clinton administration decided on Tuesday that North Korea is likely to continue to bar required international inspections at its main nuclear reactor, and senior US officials began detailed planning to seek punitive economic sanctions against the communist nation.
    AP,; AFP  -  333 words
  • 154 16 Reuter HANOI A construction boom will quadruple Vietnam's demand for cement by the turn of the century and national output will not be able to meet needs for several years. The official Vietnam News Agency (VNA) yesterday quoted Nguyen Van Thien, direc-tor-general of
    Reuter  -  154 words
  • 383 16 Reuter MANILA The Philippines reported strong growth figures for the first 1994 quarter on Tuesday and analysts said they indicated a solid economic revival was under way. "We are at the start of a sustained and strong recovery," said Manny Lim of Baring
    Reuter  -  383 words
  • 851 16  -  The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY The writer is a BT deputy foreign editor ON THE face of it, there seems to be nothing unusual about what the Preliminary Working Committee is doing at its meeting in Beijing. China's policy-making
    851 words
  • 399 16 Bloomberg Business News Reuter, TOKYO Bank of Japan governor Yasushi Mieno says the central bank needs more time to confirm whether Japan's economy is in recovery because the yen still seems unstable and Japanese companies continue to cut workers. Addressing
    Bloomberg Business News; Reuter,  -  399 words
  • 415 16 Reuter, Bloomberg Business News WASHINGTON Dan Rostenkowski, one of the most powerful members of Congress and a key ally of President Clinton, was indicted on Tuesday on corruption charges dating back 20 years and involving more than US$6OO,OOO (S$918.000). Prosecutors announced that a
    Reuter,; Bloomberg Business News  -  415 words
  • 209 16 Reuter TOKYO The head of one of Japan's ruling coalition parties yesterday announced he would resign to take responsibility for a recent split that brought about the country's first minority government in four decades. Keigo Ouchi. who is Health and
    Reuter  -  209 words
  • Page 16 Advertisements
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      97 words
    • 13 16 KAISER KITCHEN SYSTEM N-'I Tl !VM r« I V'. I •v j n
      13 words

  • COMPANIES & MARKETS
    • 461 17  -  By Peter Osborne SINGAPORE Telecommunications equipment supplier Datacraft Australia Ltd will float 25 per cent of its Asian subsidiary, Datacraft Asia, on the Singapore stock exchange later this year. Datacraft Australia, a 20-year-old Sydney company, holds a 71 per cent shareholding in
      461 words
    • 354 17  -  By Teh Hooi Ling SINGAPORE In its maiden results since listing on the Australian Stock Exchange, Jack Chia-MPH's subsidiary Long Homes yesterday reported a pre-tax profit 30 per cent higher than forecast. Long Homes Ltd (LHL) weighed in with A 56.5 million
      354 words
    • 218 17 SINGAPORE Sembawang Corp said its Sembawang Engineering unit would hold a 32 per cent stake in a joint venture that will operate an engineering fabrication yard in Shenzhen. China. China Offshore Oil Bohai Corp. a unit of China National Offshore Oil
      218 words
    • 223 17 MBT KUALA LUMPUR Samanda Holdings Bhd is now ready to venture more aggressively into other business areas and locations which will eventually lift the group to greater growth. Chairman Arshad Ayub, in his 1993 annual statement, said that manufacturing is the group's mainstay business. Manufacturing had
      MBT  -  223 words
    • EYE on your STOCKS
      • Article, Illustration
        42 17 Weak 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Baring. Dama. Morgan GrenJell. Nomura. Ongco. Phillip. Smith Mew Court. Tat Lee. W'/ Carr. W arburg.
        42 words
      • Article, Illustration
        138 17  -  -By Quak Hiang Whai RENONG Berhad is showing patterns which are quite representative of all Malaysian speculative counters a sharp fall in the last few months with limited downside risks from here. The bullish signals that the stock is near the end of its heavy selling period are
        138 words
    • 186 17 SINGAPORE Electronics contract manufacturer Tri-M Technologies has agreed to take a 15 per cent stake in an optical storage product firm by giving the company an interest-free convertible loan. Tri-M said yesterday it had agreed to subscribe for 608,800 new ordinary shares
      186 words
    • 815 17  -  HOCK LOCK SIEW By Amy Balan IT IS amazing how gullible the investing public can sometimes be. The latest episode involves Malaysian Helicopter Services Bhd (MHS). On Tuesday, MHS shares surged 60 sen to M 58.30 just on the news that its proposed
      Source: Bloomberg  -  815 words
    • 197 17 SINGAPORE Metal stamping company Amtek Engineering is buying a factory next to its Kian Teck Drive plant. It will pay United Central Engineering Works $4.4 million for the property. This is $300,000 more than a valuation by Knight Frank, but Amtek
      197 words
    • COMPANIES
      • COMPANY BRIEFS
        • 80 20 SINGAPORE Fan Pacific Public Company Ltd appointed Chong Huai Seng to its board of directors yesterday. The company said Mr Chong will be appointed the managing director of the company and chief executive officer of the group but did not say when. Seow Kui Lim,
          80 words
        • 52 20 SINGAPORE Securities Investments Pte Ltd, a wholly owned subsidiary of Overseas Union Bank Ltd, has acquired a wholly owned subsidiary in Malaysia known as OUB Research Sdn Bhd (OUBR). OUBR has an authorised capital of M 5500,000 (*****,000) and an issued and paid up capital of
          52 words
        • 89 20 SINGAPORE Marco Polo Development Ltd (MPD) formed two wholly owned subsidiaries, Actbilt Pte Ltd and Firstbilt Pte Ltd, on December 1 and 10 respectively. Both companies have been dormant since their incorporation. The intended activities of the companies are property and other investments. The authorised share capital
          89 words
        • 47 20 SINGAPORE National Kap Ltd said it had bought the entire capital of National Kap (China) Pte Ltd, making it a wholly owned subsidiary. The equity of National Kap (China) comprises two shares of $1 each. Singapore-incorporated National Kap (China) is an investment company
          47 words
        • 47 20 SINGAPORE Pacific Can Investment Holdings explained yesterday that the increase in operating profit of $1.24 million for the half-year to March 31 1994 compared to last year was attributable to a contribution of about $810,000 from its specialised construction engineering division.
          47 words
        • 48 20 SINGAPORE Kay Hian James Capel Holdings yesterday appointed Chong Meng Tak as its director. Mr Chong, 36, is a Malaysian citizen currently residing in Singapore. He is presently a director of Kay Hian James Capel Research Pte Ltd and James Capel Asia.
          48 words
      • 413 20 NST KUALA LUMPUR Multipurpose Holdings Bhd will continue to seek a gaming licence in China despite not making any headway since venturing there in 1992. Since announcing in July last year that its subsidiaries, Dunlop Estates Bhd (DEB) and Magnum Corporation Bhd,
        NST  -  413 words
      • 251 20 Philippine Telegraph Telephone to buy 40pc of satellite link operator AFP MANILA Philippine Telegraph and Telephone Co yesterday announced that it would buy 40 per cent of Capital Wireless Inc (Capwire), an operator of satellite communication links and an international telecommunications gateway. PT&T senior vice-president Gerardo de Leon said the
        AFP  -  251 words
      • 522 20 UNIT TRUSTS FUNDS Managers pricw Jun 2 US Or Fund 1.03 1.07" Singapore Unit Trust UMB Invest Mgt Ltd The Commerce 1.65 l .7S«J The Savings Kund 154 163 J n| btmd 1.025 05 S pore Prog Kund 0.69 0 73 IJoUcd Or Fund! 68 1.75 S pore See Kund
        522 words
      • 299 20 AFP KUALA LUMPUR French vehicle maker Citroen is negotiating a deal to provide diesel engines for Proton cars as Malaysia plans to reduce the vehicle's reliance on Japanese technology. The New Straits Times yesterday said Citroen was holding talks with
        AFP  -  299 words
      • 215 20 AFP JAKARTA Energy Quity Corp of Australia has won a joint venture bid to build Indonesia's second private power plant, a news report said yesterday. Government approval was granted for the South Sulawesi project, clearing the wav for USSI4O million (*****.5
        AFP  -  215 words
      • 243 20 Bernama KUALA LUMPUR Country Heights Holdings Bhd has proposed the acquisition of 444.6 hectares, forming part of Pajam Estate in Ncgeri Sembilan, from Island Peninsular Bhd for M 555.58 million (5532.79 million) cash. A CHHB statement yesterday said the purchase comprises
        Bernama  -  243 words
      • 616 20 MARKET WATCH Reuter BANGKOK Post Publishing pic, owner of the Englishlanguage daily Bangkok Post. aims to boost its fortunes by diversifying into broadcast media. Managing director Nigel Oakins yesterday said a recent decision not to seek a television licence did not change that goal. He
        Reuter  -  616 words
      • 285 20 Reuter JAKARTA The yen's rise against the rupiah helped to erode first quarter margins at Indonesia's PT Astra International. although the firm reported a jump in net profit of almost 50 per cent over the same 1993 period, analysts said. Astra recorded
        Reuter  -  285 words
      • 199 20 Bernama KUALA LUMPUR Larut Consolidated Bhd expects Europlus Corporation Sdn Bhd to be its major earnings contributor once the asset injection scheme is completed, said a top official of the company yesterday. The official, who declined to be named, said Europlus, which is
        Bernama  -  199 words
      • 1282 20 Fa> men t Fx Books Pay date close date ABR Hldgs 5« F 9 Jun 29 Jul Jul IS Acma F 10 Jun 14 Jun 20 Jul 5 Boustcad SO* I 8.S Apr 22 May 7 Jun 6 Boustcadco F Si Jun 13 Jun 17 Jun 27 B Kaya F
        1,282 words
      • 495 21 NYT NEW YORK Furious shareholders are raising the heat on the K-mart Corp, threatening to derail its plans to spin off fragments of some of its specialty store units and lashing out at its management and directors for failing to stem slipping
        NYT  -  495 words
      • 396 21 Reuter SEOUL South Korea's "beer wars" hotted up yesterday with the launch of a new brand, backed by US giant Coors Brewing Co, which aims to break the market stranglehold held by two domestic brewers. Jinro Ltd,
        Reuter  -  396 words
      • 189 21 Bloomberg Business News HONGKONG Peregrine Investments Holdings will sell its 2.4 per cent stake in Dragonair to a private company connected to the investment bank for a HK$9l million (SSIB million) profit. In a statement on Tuesday, Peregrine Investments said it
        Bloomberg Business News  -  189 words
      • 240 21 HONGKONG Hongkong Land Holdings was pursuing property development projects in Shanghai and even possibly in Beijing, said managing director Percy Weatherall, according to the South China Morning Post yesterday. This is the first time the Jardincs property flagship has publicly revealed its
        240 words
      • 274 21 Bloomberg Business News FRANKFURT Germany's largest industrial group Daim-ler-Benz AG said yesterday the price for its forthcoming global rights issue will be published next Thursday and the subscription period set for June 20-July 5. In a statement, Daimler said it intended to use
        Bloomberg Business News  -  274 words
      • 315 21 Bloomberg Business News WASHINGTON Lehman Brothers Holdings Ine began its first day as a publiely traded eompany by jettisoning one of its least successful investments a 22 per cent stake in Computervision Corp. A New York-based securities firm, Lehman, agreed on May
        Bloomberg Business News  -  315 words
      • 393 21 Reuter BEIJING Apple Computer launched its PowerPC Macintosh in China yesterday, hoping a combination of speedy machines and China-developed software will transform it from late-coming laggard to market leader. "We know we are behind in China," Apple Pacific division
        Reuter  -  393 words
      • COMPANY BRIEFS
        • 116 21 AFP TOKYO Japan's KDK Corp plans to build an electrode foil plant in southern China's Guangdong province to meet growing demand from local electronics manufacturers, a company spokesman said yesterday. The spokesman said the company, which relies on exports for more than 20 per
          AFP  -  116 words
        • 125 21 AFP TOKYO Japan's Calbee Foods Co Ltd has set up a joint venture with Hongkong's Sizhou Trading Co Ltd to produce snack foods in the British colony fbr the local and Chinese markets, a spokesman said yesterday. The spokesman was unable to provide details
          AFP  -  125 words
        • 88 21 Reuter JOHANNESBURG Motorola Inc, launching its entry into the Southern African GSM cellular telephone market, said it hopes to achieve sales of US$lOO million (S$ 153 million) over the next two years. "This is a market that's going to take off," vice-presi-dent Parviz Mokhtari
          Reuter  -  88 words
        • 98 21 AFP HONGKONG China-backed vitamin maker China Pharmaceutical Enterprise and Investment Corp, announced yesterday a public offer of new shares to raise HK$ 195.3 million (5538.7 million) on the Hongkong Stock Exchange. The new issue of 186 million shares, offered at HKSI.OS per share, by China Pharmaceutical
          AFP  -  98 words
      • 289 21 Bloomberg Business News HONGKONG Clothing retailer Giordano Holdings said it may raise its stake in Tiger Enterprises to 51 per cent when Tiger makes a pre-tax profit equivalent to 5 per cent of its monthly turnover for at least four months. Giordano
        Bloomberg Business News  -  289 words
    • FINANCE & COMMODITIES
      • 517 22 MBT KUALA LUMPUR Capital market regulators in the AsiaPacific region should lose their fear of free market forces and allow accepted practices such as short-selling so that derivative markets can develop rapidly and efficiently, an American consultant advised. Stan Watt, managing director
        MBT  -  517 words
      • 277 22 Reuter NEW YORK Property and casualty insurers doing business in California endured worse-than-expected claims from January's earthquake, creating speculation that the industry will try to cut its risk exposure and hike premiums for the state, the New York Times reported. Steve
        Reuter  -  277 words
      • SMALL CHANGE
        • 57 22 SINGAPORE John Govett (Asia) has appointed Chua Teck Chye as director and chief investment officer effective yesterday. Mr Chua will head a team of fund managers in Singapore who specialise in listed equity investments in the Far East. He replaces Chong Huai Seng who is
          57 words
        • 107 22 Bloomberg Business News BANGKOK Krung Thai Bank pic, the country's third largest commercial bank, has increased the rates it pays on most fixed deposits, effective immediately, a spokesman said. The bank will now pay 8.25 per cent on most three and six-month fixed deposits,
          Bloomberg Business News  -  107 words
        • 102 22 Knight-Ridder SEOUL The South Korean government will expand the daily permissible fluctuation in dollar-won trading from the current limit of plus or minus one per cent of the previous day's market average rate, the Korea Herald newspaper reported yesterday. Minister of Finance Hong Jae
          Knight-Ridder  -  102 words
        • 60 22 Bloomberg Business News WASHINGTON The Federal Reserve yesterday approved Bank America Corp's purchase of Liberty Bank, Honolulu. The vote was 4-0. Fed governor Lawrence Lindsey was absent and didn't vote. Bank America, the second largest US bank holding company, last October offered U5531.45 for each share
          Bloomberg Business News  -  60 words
        • 75 22 Bernama KUALA LUMPUR Malayan Banking Berhad announced the appointment of Salleh Harun as its executive director effective yesterday. With this appointment, Mr Salleh who was the group's senior general manager will serve as the group's board member, said a statement. Currently, Mr Salleh serves on
          Bernama  -  75 words
      • 237 22 Knight-Ridder ST GALLEN, Switzerland There is no reason why the growth of derivatives should be restricted, said the general manager of the Bank for International Settlements yesterday. In an address to the International Management Symposium here, Andrew Crockett said: "It is
        Knight-Ridder  -  237 words
      • 442 22 NYT WASHINGTON Under pressure from Congress to curb insider profits in the sale of mutual savings banks, the Federal Deposit Insurance Corporation made two proposals on Tuesday to assure that depositors benefit from these deals. The nation's 1,200 mutual
        NYT  -  442 words
      • 196 22 Knight-Ridder TOKYO Using an expected large shortage of funds in the money market today as a cover, the Bank of Japan may take a more accommodative stance in its operation with an eye to lowering the key unsecured overnight call loan
        Knight-Ridder  -  196 words
      • 10 22 Charts by Dow Jones Telerate
        Charts by Dow Jones Telerate  -  10 words
      • 300 22 Bloomberg Business News LONDON The dollar was lower against the mark here after Bundesbank council member Olaf Sicvert said the central bank isn't poised to buy dollars and traders awaited tomorrow's US May employment report. Concerns about central bank buying below 1.64 deutsche marks has provided a floor for
        Bloomberg Business News  -  300 words
      • 164 22 Bloomberg ENERGY REPORT LONDON Oil prices weakened as limited interest in immediate deliveries ahead of a key inventory report dampened futures trading yesterday. Many traders expect a further build in US crude oil inventories when the American Petroleum Institute releases its
        164 words
      • 141 22 Bloomberg Business News NEW YORK The dollar was little changed against major currencies yesterday after the National Association of Purchasing Management said US manufacturing expanded in May at the same rate at which it grew in April. The NAPM manufacturing index was unchanged at 57.7 in May. Economists
        Bloomberg Business News  -  141 words
      • Article, Illustration
        1647 22 Irade-netifhted index calculated against S'pore's lop 14 trading partner*. Base year: 198* USS/SS forward rates Noon Jun 1 ss Bid Oflrr 1-month I.$309 1 5324 2-month IS306 1.3321 3-month 1.5301 1.5316 6-month 1.5290 1.5310 Source: OCBC FOREIGN CURRENCY NOTE RATES A* at 9am on Jun 1 Singapore dollars to one
        1,647 words
    • COMMODITIES & FUTURES
      • 1333 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed lower in moderate trade yesterday. Dealers said the market sentiment for Eurodollars was bearish ahead of the US May non-farm payroll data due tomorrow. Economists estimated that May payrolls would rise by 285,000 while
        Reuter  -  1,333 words
      • 579 23 COMMODITY REPORTS Tin MALAYSIAN tin closed four sen lower at MS 14.07 a kg yesterday after a lower London market triggered some selling activity, traders said. Initial high offers also eased prices. The market was not aided by a smaller premium of US$45
        579 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 103 23 TOKYO A fire at Mitsui Mining and Smelting Co's Takehara plant in western Japan reduced the plant's overall output of manganese oxide by nearly 70 per cent, but did not affect copper or lead output, a company spokesman said yesterday. The fire, which erupted
          103 words
        • 133 23 HONGKONG A big stockpile of copper could curb China's import requirements this year, according to a senior government metals trader. The official, speaking on condition of anonymity, estimates that about 50,000 tonnes of copper nearly one-sixth of China's official imports last year are being stored
          133 words
        • 119 23 TOKYO Japan's demand for tin totalled 2,181 tonnes in February, down 6.8 per cent from a year earlier, but up 0.6 per cent from January, according to the Japan Mining Industry Association. Japan's total supply of tin rose 10.1 per cent to 6,288 tonnes in February
          119 words
    • 1399 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 94 I I 154.75 I 2925 Aug 153.50 100 1250 Sep 152.25 3425 Oct/Dcc 152.00 152.00 152.00 1350 8475 Jan/Mar 152.75 152.75 152.75 150
      1,399 words
    • REGIONAL STOCK MARKETS
      • 1316 24 15.4 nit Australian stock market ended two days of falls to close higher yesterday, boosted by improved confidence, surging futures and stronger commodity and gold prices, brokers said. Brokers said the surprising economic growth of 1.9 per cent in the March quarter fuelled buying because of the prospect of
        1,316 words
      • 590 24 +83.67 The Philippine stock market shot up to a five-month high yesterday, breaking the 3,100point resistance barrier in the continuation of a rebound President Fidel Ramos hailed as a sign of the improving economy. The composite index rose to 3,114.44 points, up 83.67 points or 2.8 per cent from
        590 words
      • 569 24 +69.89 Waves of buying in electronics pushed Taiwan stocks to end higher. Brokers said the index might test 6,000 points in coming days. The index advanced 69.89 points, or 1.19 per cent, to end at 5,961.45, off a high of 5,978.04. Turnover rose to NT563.03 billion from Tues- day's
        569 words
      • 418 24 -6.72 Share prices closed lower for the fourth consecutive session on worries about North Korea's nuclear programme and institutional inactivity. The composite stock index shed 6.72 points to 932.77. after hitting a day's low of 929.35. Brokers said news reports that an international sanction against North Korea was imminent
        418 words
      • 271 24 -0.28 The New Zealand share market ended steady after a day of lifeless trading, in which volume and movement were noticeably absent. The NZSE-40 capital index closed at 2,136.21, only 0.28 point lower. The leaders were mixed, with the only significant trading being recorded in Lion, which regained
        271 words
      • 64 24 -6.1 Share prices moved both ways alternately to end nearly steady in a trading session bereft of volumes after expectation of better results from Associated Cement Cos (ACC) led to a mild mid-session rally, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 3,823.26, down 6.10
        64 words
    • WORLD STOCK MARKETS
      • 687 24 -38.6 STOCKS fell for the sixth time in seven sessions yesterday and the FT-SE 100 Index closed at a 10-month low as bonds plunged on concerns inflation will rise. The FT-SE 100 Index fell 38.6 points to 2931.90, its lowest level since Aug 4, when it closed at 2941.3.
        687 words
      • 120 24 •50.22 French investors wiped 2.47 per cent off the value of companies as concerns that European economic growth is priming inflation gripped financial markets across the continent. The CAC 40 Index of leading French stocks plunged 50.22 points to close at 1979.68 points. Paris Jua I Fr 47AirUquidc 757
        120 words
      • 124 24 -4.19 {Swedish shares closcd lower for the third consecutive day after bond yields across Europe rose and the krona weakened, reflecting turbulence in international markets. The OMX Index of 30 stocks fell 4.19 points to 1,133.39. Twenty-two of the stocks were lower, one unchanged and seven ended higher. Construction
        124 words
      • 211 24 -24.04 German stocks sank lower in after-market trading as investors stood on the sidelines and tracked the plummeting German bond market. The IBIS DAX index of 30 key German stocks closed down 24.04 points at 2113.05, despite news of a lower repurchase rate and higher industrial output. The index
        211 words
      • 257 24 +8.6 Swiss shares were pulled higher by financial stocks and drug company Roche Flolding as other major European markets fell amid worries about interest rates. The Swiss Market Index of 21 stocks rose 8.6 points to 2,731.5, down from the day's high of 2,747.5. Eleven stocks advanced, two were
        257 words
      • 291 24 14 South African shares ended broadly firmer on Wednesday as they gained on the back of a firmer gold price and improved underlying sentiment. The overall index posted a 24 point gain to 5,420, the industrial index was 14 points better at 6,563 and the gold index made 31
        291 words
      • 142 24 -26.05 Belgian stocks dropped for the seventh consecutive day as high long-term money market rates threatened to slow profit growth, analysts said. The Bcl-20 index of blue chip stocks dropped 26.05 points, or 1.75 per cent, to 1,462.88, its lowest point sincc March 30. Markets in April were subdued
        142 words
      • 308 24 -31.3 Toronto stocks continued to fall at midday yesterday, pulled down by a suffering bond market and weakness in gold issues, dealers said. Only one of Toronto's 14 sub-groups, consumer products, managed to post slight gains at noon. The TSE 300 index was down 31.3 points to 4,295.40 on
        308 words
      • 113 24 -53 Italian stocks closed lower, hurt by the concern over interest rates weighing on other European markets. The blue-chip Mibtel index closed down 53 points to 11,749.00 after having hovered at higher levels most of the day. Milan Jim I lire +7M it alia Ofd 1192 62 Aunalia *****
        113 words
      • 817 24 -14.77 Wall Street stocks fell yesterday as news that the nation's manufacturing sector expanded in May for the ninth consecutive month sparked new fears of inflation and a run-up in interest rates. At 1 pm EDT, the Dow Jones Industrial Average was off 14.77 points at 3,743.60. On
        817 words
      • 264 24 -3.25 Dutch stocks closed lower as bond prices followed German bonds lower. The benchmark 10-ycar Dutch government bond lost 0.75 point to 90.30. The yield rose to 7.175 per cent from Tuesday's close of 7.058 per cent. Highcr-than-cxpccted industrial production figures in Germany led bond traders to believe that
        264 words
      • 719 24 Britannia Funds Sterling Cash Bid Offer Vim Cap Deposit 31 6400 31 6500 Mim Jersey Gill .0 1893 0 1992 Mtm Mai Income ***** 0 9700 LSS Cash Income Plus Fund 9 9100 10 4400 PS S Reserve Fond J 2600 J.2700 Slrrlin* laaitt Euro Performance 0 4592 0 49JH
        719 words
    • Article, Illustration
      3123 25 Bloomberg Business News HONGKONG Stocks were mixed as investors waited for the next round of Sino-British talks on financing Hongkong's new airport, progress at which would boost confidence in the colony's future. The benchmark Hang Seng Index of 33 leading stocks closed down 41.49 points at 9,512.07 after falling
      Bloomberg Business News; Source: Bridge Info  -  3,123 words
    • Article, Illustration
      524 25 CLSA THE CLSA Shanghai B index dropped 5.63 points to 817.48 on modest profittaking activities. Turnover shrank from USS6.6 million to US$4.3 million. The biggest loser was China TM, down 8.7 per cent after Tuesday's gain of 13.9 per cent. Overseas buying pushed Steel Tube up another 1.4 per
      CLSA  -  524 words
    • Article, Illustration
      2590 25 Bloomberg Business News TOKYO Stock prices rose for a fourth straight day on expectations that an economic rebound will lead investors to shift money from government bonds into equities, traders said. "As the economy improves, we should see money flow from JGBs to equities," said Ravi Nandigum, a salesman
      Bloomberg Business News; Source: Bridge Info  -  2,590 words
    • Article, Illustration
      1858 25 Bloomberg Business News BANGKOK Thai stocks rose 0.85 per cent yesterday as investors bid up finance issues, anticipating that a central bank ruling this week that increases shareholding limits of commercial banks will boost earnings and stimulate market activity, analysts said. "This gives banks a bigger variety of investment
      Bloomberg Business News; Source: Bridge Info  -  1,858 words
    • Article, Illustration
      1159 25 Bloomberg Business News JAKARTA Indonesian stocks slumped yesterday amid concern that US interest rates will rise further and decrease the attraction of equities. The Jakarta Stock Exchange Composite Index fell 7.46 points, or 1.5 per cent, to 494.33. Trading totalled 15.96 million shares worth 67.153 billion rupiah. compared to
      Bloomberg Business News; Source: Bridge Info  -  1,159 words
    • 2788 26 Mulpha I nil 50c 9.423.000 Kcnong Bhd MX. 4.425.000 J Idns Hsd 50c 4.223.000 fn>mct 2.645.000 Ramunting 50c 2,331.000 LAC B 50c 2.299.000 Labcr Ciroup 1.532,000 LWt< Bank 50c 1,509.000 Multi-Purpose 1.357.000 Bcrjava Ind 1.271.000 Lien Hoc TSR97 983.000 MBf Capital 928.000 Landmarks Bhd 856.000 Mulpha Inll 50c
      2,788 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5897 26 Bloomberg Business News KUALA LUMPUR Stocks fell as investors and brokerages paying interest on borrowed shares bailed out, deciding the costs were too high at a time when the market is showing no signs of turning around. The benchmark Kuala Lumpur Composite
        Bloomberg Business News; Source: Bridge Info  -  5,897 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7643 27 I MAIN BOARD Transaction date: June 1 Or Or 1994 Last Vol Day List Quote IM» l>l> Md Net M C ap High Lo« Company Sale (000) High Low Buyer Seller S CVr P'K Smil INDUSTRIAL AND COMMERCIAL 1440 860 I s Ac ma 860 cd -30 145 880 860
        7,643 words
      • 1878 28  -  By R Sivanithy SINGAPORE Share prices drifted lower for the third consecutive day yesterday, following an unconvincing overnight performance on Wall Street and increasing concerns surrounding the Malaysian market. The Straits Times Industrials Index ended a dismal day 13.79 points lower at 2,267.88,
        Charts by Bridge Info; Source: Bloomberg  -  1,878 words
  • Page 17 Advertisements
    • 150 17 NEWS VALUE How today's news might affect your stocks Tight labour market drives salaries up (pg I) Little impact on stocks as results not unexpected. Ong Beng Seng strides into retail fashion with Armani deal (pg I) It's Mr Ong's private interests, so no impact on Hotel Properties. HK banks
      150 words

  • Page 18 Advertisements
    • 856 18 life Iff WW 0k Iff Wj|fc W National Day Of The Republic Of Italy r 1 Jw i M K.A- MESSAGE FROM THE MESSAGE FROM THE AMBASSADOR ITALIAN OF ITALY BUSINESS ASSOCIATION On the occasion of the Italian National Day, it is with It is a great pleasure for the
      856 words

  • Page 19 Advertisements
    • 360 19 Congratulations From The Italian Business Association 111 I f([ 111 AGIP PETROLI SPA JAS FORWARDING PTE LTD REFINING DISTRIBUTION INTERNATIONAL FREIGHT FORWARDERS ALITALIA LA MAR DIAMANT (SEA) PTE LTD ITALIAN AIRLINES GRANITES, MARBLES, COBBLE-STONES ANTEPRIMA PTE LTD LIBESA TRADING FASHION SPORTS WEAR DANCE WEAR H|GH FASH O n ASMCI/R A/JONI
      360 words


  • Page 21 Advertisements
    • 111 21 French cuisine now has a fresh ingredient; Michel Richard. r*/»xM PaR.' j Famed Michel Richard, chef and owner of Los Angeles' Citrus restaurant, 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
      111 words


  • Page 23 Advertisements
    • 139 23 Advertiser having an office at Ballard m ||j Estate, Bombay, seeks liaison/marketing arrangements from firms wishing to M establish business or for looking after their i SI business interest in India. l|| PH B gg| We represent in India, well known manufacturers of engineering and S consumer products. Any other
      139 words
    • 40 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies St Markets. Everyday.
      40 words


  • Page 25 Advertisements
    • 142 25 Executive Treatment has been perfected at Men's Skin Center. For true Executive confidence it is essential you look your best. Good-looking skin is an important factor K in enhancing your appearance and giving you a truly successful look. Many common skin problems caused by the tensions and strains of everyday
      142 words

  • Page 26 Advertisements

  • Page 27 Advertisements
    • 78 27 NLVLR WILL 13L£ lj3V5G£»- > Singapore 1111. IKXJK 01 ASS I.inky I'l.i/d Ti-I 7MMKVI SwMv 1W Zi56W7/7l'*l :-A CciHitlxm* Icl 7'MIVNVhO'i I'cmnsulj Ptau.lM J}7B»rjiHYi6i W.Htd TirtdcCciXrcTiH 27)1007 rs^r*^srCh,inci Anikx( l|l 4isl tWcsl Wini'sl. MWOMK) Ttimiiwl (South Win*] MiMJHI Sole A(cnl 1111-. lICH IK Ct ASS. Kimil. •07(10. Wellington Uuikting. Si.NMpnieMl2.ltel
      78 words

  • Page 28 Advertisements
    • 340 28 la tke matter of TV Compute* Act, Cap. 50 and la ike mailer of IXI SERVICES PTE LTD (Members' Voluntary Winding Up) Al aa Extraordinary General Meeting of tke Memben of tke aboveaamed Compnay coaveaed aad keld at 51 Aaaoa Road, #02-57 A #02-59 Aaaoa Centre, Singapore 0207, oa Friday,
      340 words
    • 23 28 ideal in cameras. And I know whereto get good exposure." bS f P^Vap^' VHS -'i «mpM, Call today for results tomorrow.. CA.T.S. 737-1166
      23 words
    • 161 28 Bl^n^^STM^ES TOLL-FRHL THI-. No. 1-80Q-741-1883 FAX.74I-1298 *wrnrvnvTniFrfw i We have the following film graphics and I related machinery for sale: I Description Quantity I I Crctag Reflection Densitometer DlB3 1 I I Crosfield Magnascan 6461E Digital Colour Scanner 2 Scanning Drums 2 Glunz Jensen Customline 66 I Automatic Film Processor
      161 words
    • 191 28 NOTICE Our Telephone and Fax Numbers are Changing Effective Saturday, 4 June 1994 General Line Tel: (852) 501 2000 Fax: (852)501 8146 Investment Banking Tel: (852) 501 2020 Fax: (852)501 8110 Equity Sales and Trading Tel: (852) 501 2222 Fax: (852)501 8130 Equity Futures Sales and Derivatives Tel: (852) 501
      191 words
    • 121 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND HINQ CHUAN HANG PTE LTD (Creditors' voluntary winding-up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act. Cap 50. a final meeting of the Company will be held at 559 C. Balestier
      121 words
    • 141 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUNG-LI PROPERTIES PTE LTD (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 308 of the Companies Act. Cap 50. that a Final General Meeting of the members of the abovenamed Company will be held
      141 words

  • Shipping Times
    • 378 29  -  By Rahita Elias SINGAPORE Shipping tonnage on order worldwide dropped slightly in the first quarter of this year. According to Lloyd's Register's latest Merchant Shipbuilding Return, new orders reported during the period totalled 5.5 million gross tonnes. Overall, 2,174 ships totalling 39.07
      378 words
    • 391 29 Lloyd's List LONDON Poland's largest ship-repair organisation, Gdanska Stocznia Remontowa, achieved total sales of US$64 million (5598.5 million) in 1993 from an increasingly diversified client base. In the space of only five years, that proportion of the yard's turnover deriving from owners and operators
      Lloyd's List  -  391 words
    • 272 29 Lloyd's List LONDON Dutch shipping and transport conglomerate Royal Nedlloyd Group has returned to profit in the first quarter. Net profits to the end of March climbed to FlslO million (SSB.2 million) compared with a loss of 86 million florins, largely due
      Lloyd's List  -  272 words
    • 829 29 Page Col Accord Group 8 1-3 Ahrcnkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCI. 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      829 words
    • 194 29 SINGAPORE Japan's position as the world's leading shipbuilder is threatened by the rising yen and lower demand for new ships, says the marine publication Lloyds Shipping Economist. "Although confident about the long-term future, Japanese shipbuilders face considerable challenges in the short term," the journal
      194 words
    • 444 29 Lloyd's List LONDON Four more very large crude carriers were sold for demolition last week and a record year could be in prospect for the scrapping of large vessels. So far this year. 17 large vessels have been committed to breakers.
      Lloyd's List  -  444 words
    • 197 29 Reuter OTTAWA Canada said on Tuesday it had chased all unlicensed or "pirate" fishing ships from international waters in the once-rich fishing grounds ofT its East Coast. Despite international criticism, Canada has enacted new laws that allow it to enforce fishing regulations outside of
      Reuter  -  197 words
    • SHIPS IN PORT
      • 489 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port f e nj.,. ?jeb w 03 os/1000 Calte« Eueftence 110 112 Jongs** 0206 0300 Gult Khakd 07 94 P04 alongs«fc 02 06 0600 Chariot 118,19 alongside 0206/1200 Iran Eshan 10/0 P08A alongside 0206/0600
        489 words
      • 1320 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance RsJts Ship Voy No Etb/Btr Period From To From ha Jade 1388 03/1100 3 02/0/00 02/1169 02/1400 4 02/1200 02/1459 02/1 WO Ac» Lfr 05CA 04/1500 4 02/1200 02/1459 02/WOO
        1,320 words
    • 12724 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. LEGENO PN: ship calls at Penang after
      12,724 words
    • 3375 43 A Xm.lK C ontainerline NY: Bclsin Shpg Agencies Pic Lid (SVMarino handling Sdn Bhd (PK/PN). Accord (.roup: Accord Shpg Ptc Ltd (SyAccord Contr Line (PK/PN). \dkris Business Corporation Philippine Calsourcc Shpg Irdg Pie Lid (S) \lirenkid Liner Service Kim Shpg i I rdg (S). Mbatros Sea- Air Sen
      3,375 words
    • 283 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Kxpress Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. S4"»isxo >*_i3ftu. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel 344-3377. Fax: 345-6450. C luster Link Supplies
      283 words
    • 1522 43 \bex Express Freight Tel: 542-7171. Fax: *****84 Aclinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20 Aerolink Freight International Tel: 545-8033 Fax: *****05. Verospeed Tel: 542-5911. Kax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06 Air FApress International Tel: 542-7666 Fax: *****74. *****50 Air
      1,522 words
    • 2050 44 ALBANIA Durres: Two vessels in port of which 1 discharging bulk coal. 1 steel, 2 vessels in roads awaiting berths of which 1 to discharge bagged sugar, 1 beer/spare parts. ARGENTINA Santa Ke: No vessels berthed; none in roads, max draft 19 ft 8 ins. Diamante: No vessels
      2,050 words
    • 1175 44 CRUISE FERRY SCHEDULES CRUISE SHIPS An Dep Name of Vessel ETA t I D Ports of Calls Port Agent Telephone No JUNE 02 02 Club Med 2 0700 1900 Cruise to Nowhere Harpers Shipping 221-2763 02 02 Renaissance 2 0900 2015 Cruise to Nowhere Lines Intl Holdings 224-2763 02 02
      1,175 words
    • 1212 44 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young. AFP THERE has been a rush of activity and a large number of sales have been reported, however these mainly feature lower capital units of a varied nature, with only a few exceptions. Therehas also been a spurt
      The information was contributed by Simpson Spence & Young.; AFP  -  1,212 words
    • 812 45 THIS twice weekly report, compiled by Cockelt Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      812 words
    • 592 45 Carbon Carbon May 26 Density Water Residue Ash Numriun Sedment Density Water Residue Ash Uimin Sedhwm M/M M/M Exxon Exxon KG/M*3 V/V M/M M/M PPM method *G/M*3 V/V 1 M/M M/M PPM method BO/Omac Limits Spec E25 991 1.0 15.0 0.10 30* 0.10* Eastern USA 180
      592 words
    • 1629 45 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1.455 on Tuesday from 1.462 on May 27. Trading was sluggish after the long weekend here and in the US. but there were further signs of rates easing for Panama* tonnage, brokers said. There was some
      1,629 words
    • 1089 46 The worldwide aviation scene has changed dramatically during the past few years. Can the pampered state-owned airlines of Europe, with their low productivity, cope with the cut-throat competition? I T IS a platitude that the world's airlines have lost more money in total during the
      1,089 words
    • 725 46 COURSES 1 itle: Managing a Sales Team Duration: Jun 6-7 Organiser Alberton Management Centre Tel: For more information contact 336-2611 or fax: 338-9864. l itle: Port Management and Operations Duration: Jun 6-17 Organiser Port of Singapore Authority Tel: Kor further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416.
      725 words
    • AIR AND LAND TRANSPORT NEWS
      • 273 48 Reuter NOORDWIJK, Netherlands Car sales in West Europe, which plunged by two million last year, will begin to recover sooner and display more vigour than previous analysis has suggested, according to economic forecaster Marketing Systems. In 1993, Western Europe's car
        Reuter  -  273 words
      • 258 48 SINGAPORE The East European car industry is set for slow growth in the next 10-15 years, according to the Economist Intelligence Unit. There will be some improvement in a year or two as Western car makers lift investments in former eastern bloc nations
        258 words
      • 183 48 Bloomberg Business News DETROIT US automakers now plan to build almost 3.27 million cars and trucks at their North American assembly plants in the third quarter, up 13.9 per cent from 2.87 million in the year-earlier period, Ward's Automotive Reports said
        Bloomberg Business News  -  183 words
      • 57 48 Reuter LONDON Roads Minister Robert Key gets a helping hand from a driver as he climbs aboard a London bus to launch the government's 'Ease the squeeze' campaign on Tuesday. The plan is to encourage people to leave their cars at home for
        Reuter  -  57 words
      • 375 48 Bloomberg Business News HIGHLAND PARK. Michigan Chrysler Corp on Tuesday raised finance rates on some loans through its Chrysler Credit subsidiary and added a USS2.OOO (553.080) discount to its luxury sedans, while extending cash rebates on some 1994-model cars and trucks. Chrysler raised the
        Bloomberg Business News  -  375 words
      • 138 48 Bloomberg Business News AMSTERDAM KLM Royal Dutch Airlines NV will cut 139 jobs in the current fiscal year, its first layoffs in three years. Peter Wellhuner, a KLM spokesman, said on Tuesday the company is seeking other jobs for the 139, all of
        Bloomberg Business News  -  138 words
      • LOG BOOK
        • 82 48 Bloomberg Business News STOCKHOLM AB Volvo will buy the Danish operation that makes bodies for Volvo buses, Aabenraa Karosserifabrik. from Germany's Kassbohrer Group, the Financial iimes reported yesterday. Volvo will take over those aetivities of the body-making unit related to its own production
          Bloomberg Business News  -  82 words
        • 66 48 Reuter TAIPEI The chairman and president of Taiwan flag carrier China Airlines (CAL) have offered to resign over the airline's worst-ever accident in which 264 people were killed. CAL chairman Liu Teh-min on Tuesday said he tendered his resignation to the airlines' board
          Reuter  -  66 words
        • 86 48 Reuter PARIS The South Korean finance ministry has signed a U552.34 billion (553.58 billion) financing deal for the high-speed train link between Seoul and Pusan. arranger Banque lndosuez said on Tuesday, lndosuez, as adviser to the winner of the contract. GEC Alsthom said the
          Reuter  -  86 words
        • 76 48 Reuter MILAN Alitalia SpA chairman Renato Riverso on Tuesday said action ought to start to restructure the group within 15 days. In an interview with Italian daily newspaper Corriere delta Sera, he said that "within 15 days, it would be useful to start acting."
          Reuter  -  76 words
        • 77 48 Reuter TORONTO Bombardier Inc chairman and chief executive Laurent Beaudoin on Tuesday said first-quarter revenues rose substantially this year "due to higher deliveries of the Canadair Regional Jet (1) aircraft as well as increased sales volume in the Sea-Doo (1) Ski-Doo (I) Division". Net income
          Reuter  -  77 words
      • 423 48 Bloomberg Business News CHICAGO UAL Corp employees represented by the Association of Flight Attendants won't join a US$4.9 billion (557.5 billion) employee buyout effort before a shareholder vote this summer, the union said on Tuesday. Gerald Greenwald, who will become chairman and chief
        Bloomberg Business News  -  423 words
      • 1734 48 cjtj fhx ETA nw OL «r ETA w ETO_ AIni Dhabi GF146 1120 GF147 1850 Geneva SRI83 2105 1*985 J435 Qmmyhm SQ803 2045 SQ804 1145 Adelaide QF8I 1925 Qf82 2055 VH740 14]0 SQ228 1955 Hatyai MJ893 1810 MI894 1430 Amsterdam KL843 0505 KL838 2300 TG407 2120
        1,734 words
      • 205 48 AP LONDON Britain on Tuesday approved a partnership between Virgin Atlantic Airways and Delta Airlines that would enable the US airline to sell tickets on the British carrier's flights to London. The deal requires US approval. "We are confident that the US government will act
        AP  -  205 words
      • 179 48 AP SEATTLE Aeroflot Russian International Airlines will begin twice-weekly non-stop service between Seattle and Moscow this weekend, officials said on Tuesday. "At 5,203 miles, this is the longest non-stop leg from Seattle to Europe," Gennadi Tavlintsev, Aeroflot's Seattle-based regional director, said of the service
        AP  -  179 words
  • Page 29 Advertisements
    • 35 29 EVERYWHERE in the world HOTLINE *****30 Mega Fax Service Launched For more information, please refer to P. 6 Can European airlines keep up? Pg 18 W European car sales expected to jump Bpc, Back page
      35 words
    • 30 29 Lines and services represented by Members ef the Registry ef Accredited [*M 4 Shipping Agents, Singapore National Ship- \zHxM6] ping Association. for advertising enquiries, contact Shipping Times: Tel 740-2089/740 2090
      30 words
    • 41 29 TOE jg FAMOUS ■EHM3224 1833 For more information pleane refer to Pg. 15 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE rn Business Times
      41 words

  • Page 30 Advertisements
    • 425 30 TSKUNE AGENCIES (S) PTE. LTD. I 1 -W wmrri T«M: 226-3363 J. JLLNIi Fax: 226-1972/3 T|x RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I |HMi» wr n» «"I» I w «B i» I jO LOTUS 0526 "30.05 "01.06 31.05 03.06 07.06 09.06 13.06 14.06 15.06 16.06 HKAWA 0428
      425 words
    • 1593 30 HMCT ti? u»* WW tt>A«T (K»-yow| <;«HWf<M|A IXfNWI I MB, STOK U> OW KB M Ml ami ox m —«"> KSSI »0Y NO STOM MMTU PMOS* SIMM* ILEXANMA* OTI PT SMT KWt* UTTMU** Nam IBM CAIIfORNM JUPITER *73 89 6 246 21 i 296 30i 286 286 296 296 27
      1,593 words

  • Page 31 Advertisements
    • 2355 31 m OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. TEL: *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX 03-*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 W BOOKINGS TEL: *****80 *****81/ *****82 Ip OH TEL: *****3/4 FAX: *****6 CUSTOMER SVC
      2,355 words
    • 1935 31 mamsmssm MAERSK EXPRESS SERVICE TO PERU/CHILE/BOLIVIA NEXT SAILING MATHILDE MAERSK V.9406 ETA SIN 6TH JUNE 1994 AXEL MAERSK V.9410 ETA SIN BTH JUNE 1994 V«M«I Voy ETA ETO FeedeteO by H s r: T rr:, destinations T HR L r MAERS v94O6 CFS —05 06 2359 HRS JOH LPK PEN
      1,935 words

  • Page 32 Advertisements
    • 836 32 T™™™T AQABA R DAM/ IE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE VIfEST MALAYSIA KITANO 25/321 4/6 13/6 20/6 22/6 25/6 27/6 29/6 Pof Kelang, Penang KAMAKURA 34/122 8/6 25/6 28/6 26/6 Pasir Gudang ELBE 22/322 11/6 20/6 27/6 29/6
      836 words
    • 701 32 IZ" z AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vootochny, Vladivostok. Moscow. I I Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad, Dushanbe. Kiev N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned America V.2174 08/6 09/7
      701 words
    • 1170 32 NORASIA NORASIA SINGA 9421 3 01/06 22/06 25/06 26/06 27/06 28/06 29/06 30/06 01/07 01/07 I NORASIA SHARIAH 9422 3 08/06 30/06 01/07 02/07 03/07 04/07 05/07 06/07 07/07 07/07 I NORASIA MUBARAK 9423 4 15/06 07/07 08/07 09/07 10/07 11/07 12/07 13/07 14/07 14/07 I NORASIA A 1 MANSOORAH
      1,170 words

  • Page 33 Advertisements
    • 1391 33 Hf STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 IMJWilHaHßgyiltlilllMiUliWMWMdrjllJlJM new guinea pacific line (A SERVICE OF CHINA NAVIGATION CO) CARGO OUt SAILS <»!!!! Sf.-c !!?2 IJ"" 21 HI l" 1 2? V* Si lun PCL, LCL CONTAINER ANO BREAKBULK SERVICE
      1,391 words
    • 2945 33 0 SINGAPORE AGENT: Y3jlj4 m /\f|f P&O Containers (Singapore Agencies) Pte Ltd A 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 WT\-* i V\ Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 P* CR Number: **********0Z EXPORT IMPORT VESSEL VOY 'WW *PKO MM SOU AMT
      2,945 words
    • 8 33 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
      8 words
    • 35 33 VESSEL ETA ETC DESTINATION SONG TKN 1 11/08 OS/OS HO CHI IMNH NHUT TAO 2S/0S 01/0S HO CM IMNH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 228 1511 FAX: 225 0633 TLX: R*****1 VIETHK
      35 words

  • Page 34 Advertisements
    • 591 34 EKA JAYA AGENCIES >3lir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI MINH CITY PAGER HANDPHONE/OtfltCT ME WHY HOt 21«0«24 *****28/5341W4 KELVIN CHAN tMtt HMfg/HHW I MA HQ J 2110*25 15»37« TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE CENTER-POINT I V LWfe 37 LINES <gq wt tin srow wy
      591 words
    • 1839 34 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FMVSI SM IIME HAUL SEA YW POI FM Wl SM LINE HAUL SAV iim NYC HANIN LONGKACH 048f 3/6 ORICT 22/6 24/6 25/6 HANIIN LONGHACH 04tt 3 6 HUK LUNG 04K 7/7 1/7 10/7 HANJM ELUAMTH
      1,839 words
    • 1504 34 1d -1 rl""T3"3^T^ I p«i s(/ use mug klg pus ii oa net sw iro im cm mi mc im mm «cm n# «c p» cm pm sgp I l GROWTH HMS 6/6 7/6 12/6 14/4 l« 19/4 28/6 21/6 22/4 23/4 24 4 5/7 11/7 24/7 21/7 31/7 1/1
      1,504 words

  • Page 35 Advertisements
    • 2231 35 !!^'s!2!^^!^^3sHsl^ssssSss^H^ I j\Mf%a II 'NEPTUNE ALMANDINE 07W ETA SGP 04/06/94 II I H ETA RDM 20/06/94, FLX 21/06/94, BRE 23/06/94, LEH 25/06/94 HI WIF MIDWEST USEC CANADA liftcci MOV LOS OAK VAN SET I Iff. CCO CI.E CLB DAL PET IIP! MM \OR MA MO [OR MPS CALIFORNIA JUPITER 73E
      2,231 words
    • 1265 35 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: Kl: 03-*****75/697
      1,265 words

  • Page 36 Advertisements
    • 1515 36 KU v f f AS AGENTS: "IT LINE (SINGAPORE) PTE LTD (CR NO: **********0M/GST REG NO: M 2-*****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I V MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD U Pi TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T.
      1,515 words
    • 790 36 @APPENSHIP (OS HAMBURG \T\J CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING POUTS WSCH/WGE/LOAONG FOR NOVIGRAO 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 28/06 29/06 30/06 02/07 CS NEK* ZEALAND 4607
      790 words
    • 351 36 Ar*^GOLDEN LINE VfoJNk GUAN GUAN SHIPPING ffiSOi <«« LTO W— 2J T(M Ar(( J|rt#t 01M IE: *****U <10 UKS) Fu *****04 (CD No *****SS0008W) BTRAIT3/PtRBIAH OPLTIIKTICI S pore P Kelang Penary GOIOIN KM ftaiachi Duba Kuwait 1/It km GOLDEN HttKST Karachi Duba Kuwait 22/24 tow CHIWA IMVICI GOIDCN WONDER China
      351 words

  • Page 37 Advertisements
    • 929 37 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********0E I a B VESSEL VOY SIN CMS JIB JED AOJ ADE HOD PZU ASA KOTA BERKAT BKTOII 8/6 13/6 20/6 26/6 22/6 2/7 5/7 KOTA WIRAWAN WRNO43 19/6 25/6 1/7 4/7 7/7 10/7
      929 words
    • 979 37 VtSSttS VOT SIN t{ HAVKt HAMBURG THAMES KOIIIHOAM ANIWtRP VKLE D€ VfGA GO3W 01. 06 01/07 03/07 04/07 05/07 07/07 VKll Ot VUA VO3W 14/0« 06/07 01/07 09/07 10/07 12/07 VKll M TITANA 104W 21/06 13/07 15/07 16/07 17/07 H/07 VUll Dt lUCANA UO4W 20/07 22/07 23/07 24/07 26/07 •AISO
      979 words
    • 558 37 BSfl A 'Mgb MYANMA IBBk five star line (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KI| Pen P.Gdf MERGUI VI23W Sid PAGAN V2O9W In Port HPAAN V2O2W 0«/0l km PAGAN V2IOW 20/21 km MALAYSIA AGENTS BOUSTEAD SHPPMG AGENCCS KU TEL 03 *****00 PKI: TEL 03-36M767 PEN TEL 04 *****5
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  • Page 40 Advertisements
    • 1002 40 )^%(/>,>!)$>-,?|.?@<!~<\)*)]<{` DIRECT BREAKBULK/CONTAINER SERVICE TO MANILA MV. "OCEANIA EXPRESS" VOY 96 ETA 14-6-94 (HEAVY LIFI AVAILABLE UP TO 50 TONS) SMGAPOtt SEAWAY SHIPPING PTE. LTD. £1 VAffiS (GENERAL AGENT) NAIWEST CENTRE *1503. SPORE 0106 TEL *****33 FAX *****53 Tlx RS23S7B VV aS mJ mUK GUFSHP AGENCKS SON M> TEL 03
      1,002 words
    • 171 40 /Cnorbul^\ I Jr NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES I WORLD AGAMEMNON 10/6 15/6 RDM/ANT/W I I NORBULK TBN 2«/6 30/6 FLU/ROAM/ANT/UK I LOADING FOR I 8/6 30/6 OBN/CPT/El I AU, KK. TG. MANI PK SINK/SABAH LOADING FOR NORBULK PINE 15/6 HONGKONG/HUANGPU
      171 words

  • Page 41 Advertisements
    • 729 41 hjg FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA. S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 5/6 ROTTERDAM 4/6 AARHUS/COPENHAGEN 5/6 HAMBURG/BREMEN 5/6 MARSEILLE/FRANCE 776 FELIXSTOWE/UK 5/6 BARCELONA/SPAIN 6/6 lEHAVRE/FRANCE 4/6 GENOA/ITALY 3/6 ANTWERP/BELGIUM 6/6 LOS ANGELES/WC/IPI 5/6 SYDNEY/MELBOURNE 3/6 NEW YORK/EC 576 FREMANTLE/ADELAIDE 3/6 VANCOUVER 376
      729 words
    • 1981 41 laH I I IM MS] —»,VM 'f x 5 VESSEL VOY SN JKT VESSEL VOV SIN PEN ISWA SHUM 53S Fri 3/6 Tua 7/6_ |j OEJA BHUM 4589 Fri 3/6 Sat 4/1 1 [VESSEL VOY SN BKK BHATRA BHUM 328 Sjt 4/6_ _7/6_ fj KOTA SURIA SUROOI Sun vT Tua
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  • Page 42 Advertisements
    • 1612 42 IfcAAMN CbNTAINER LINES, INC I bKZ/VV 3 !Agents: MAC-NELB SPORE: *****22 (24 LINES) CJ\/ VUc/n Not 11 ii 111 SIBU (064) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK
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    • 171 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ii« m it* VOM Nil MIME KNMK »Ut l«K 27/6 loading toe Nhle RUVM HUOHU 20/6 loading to# Colombo DOUIW 18,6 IMdM« fOt Mjk? pukm sum* is/6 loading (at Male UKtIDH 6/6 loadinf ft* Mak PtOGKSS IKJtIV 8/6 loadmg toe Male POIUI
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    • 1152 42 THONG SOON LINES PTE LTD 1 78 SHENTON WAY #10-01, SINGAPORE 0207 I \y \y TEL: 227-5088 FAX: 227-6011 I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO 4 rwooK boom comtAr SINGAPORE TO SARAWAK VESSEL Ivor Is PORE DEST VESSEL VOY S'POk""dEST EQUATOR ROYAL 104/4E 02 JUN KUCHING
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  • Page 45 Advertisements

  • Page 46 Advertisements
    • 495 46 VESSEL VOYAGE I SINGAPORE MANILA VIGOUR PACIFIC 9421N 03/06 (FRI) 08/06 (WED) PERVOMAYSK 9403N 07/06 (TUE) 11/06 (SAT) TWO SAJUNGS WEEKLY LANKA MAHAPOLA 9401N 10/06 (FRI) 15/06 WED) FWMY TIJESO Y VIGOUR PACIFIC _9422N 14/06 (TUE) 18 06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I GENERAL SANTOS
      495 words
  • Page 46 Miscellaneous
    • 681 46 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 1.3 1.6 1 8 2.1 2.3 2.4 2.3 2.0 1.7 1.4 1.1 0.9 0.9 1.0 1.2 1.5 l.t 2.0
      681 words

  • Page 47 Advertisements
    • 1016 47 A HYUNDAI I MERCHANT IVIARINECOjLTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PGP* VESSELS VOY SIN RTM ANT* LEH* HAM BREt FEL 01/06 03/06 04/06 NOR FRIBOURG 311W 06/06 24/06 25/06 26/06 25/06 25/06 28/06 08/06 10/06 11/06 H. CHALLENGER 310W 13/06 01/07 03/07 4/07 03/07 03/07 05/07 15/06 17/06
      1,016 words
    • 492 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUHP VESSELS VESSEL W V n KK HI SOMAI m S/« J/» MM HIM V2S 4 1 l/l HEISMW VM 10 I COSMIC LEADER *45 l/l l/l COSMIC CHALLENGER Ml 17/1 19/1 OUTBOUND VESSELS LOADIMC Fo| KUCHINC/MUARA KEISHIN V 29 SP
      492 words
    • 1032 47 VESSEL VOY 1 SIN ETA/D LAX 1 OAK CHI DAL MEM/COL IHOU I NYC NOR ALLIGATOR VICTORY 53A 09/06 26/06 28/06 29/06 30/06 30/06 01/07 07/07 02/07 MACKINAC BRPCE 77A 16/06 03/07 05/07 06/07 07/07 07/07 OS/07 08/07 09/07 ALLIGATOR TRIUMPH SSA 23/06 10/07 12/07 13/07 14/07 14/07 15/07 15/07
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