The Business Times, 9 June 1994

Microfilm: NL19382
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WL KNOW ASIA MITA(P) 010/12/93 Thursday June 9 1994 75'
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow down 6.16 points
      55 1 Reuter NEW YORK Wall Street stocks drifted lower at midsession yesterday. At Ipm EDT, on the broader market, declining issues edged out advances by a modest margin on NYSE volume of more than 146 million shares. At 2pm EDT, the Dow Jones Industrial Average stood at
      Reuter  -  55 words
    • Article
      Lock icon US$ will not be devalued
      45 1 AFP WASHINGTON The US will not devalue the dollar to make its exports to Japan cheaper. Bowman Cutter, deputy assistant to the president for economic affairs, yesterday said: "There is no intention to devalue the dollar for competitive purposes." AFP
      AFP  -  45 words
  • Article
    MARKET SUMMARY
    160 1 Stock market indices Wednesday Change STII 2,265.65 -1.56 KLSEComp 969.31 -3.11 Nikkei 21,261.95 +219.24 Hang Seng 9,291.18 +*3.30 SET Index 1,370.41 -12.98 Jakarta Comp 484.90 -1.21 CLSA China B ....1,101.71 -0.13 Aust All Ord 2,079.7 9.5 FTSE 100 3,038.2 +33.4 Wednesday Previous 2pm dose Dow Jones 3,749.75 3,755.91
    160 words
  • Article
    New rules to cool HK property prices seen as prudent
    647 1  -  From Lim Soon Neo in HONGKONG THE Hongkong government yesterday unveiled its longawaited set of measures to cool property prices, a package described as a "prudent and incremental approach" to the problem. The measures, which take immediate effect, do not
    647 words
  • Article
    All Gatt members informed of WTO offer: S'pore
    501 1 SINGAPORE Singapore has informed all members of the General Agreement on Tariffs and Trade including the United States of its offer to host the first meeting of the World Trade Organisation, the government said yesterday. Responding to remarks made to the contrary
    501 words
  • Article, Illustration
    Lock icon Firms prefer to give car loans than company cars: survey
    478 1  -  By Anna Teo SINGAPORE Companies are rethinking their car policies, preferring to provide allowances or loans instead of a company car, a survey finds. The main reason is the unpredictable cost of COEs (certificates of entitlement), respondents to Hewitt Associates'
    Source: Hewitt Associates  -  478 words
  • Article
    China-Asean trade up 40pc in first qtr to US$2.3b
    484 1  -  By Schutz Lee SINGAPORE China's trade with Asean is booming. Figures provided by the Chinese embassy here show that bilateral China-Asean trade jumped 40 per cent in the first three months of this year compared to the same period last year.
    484 words
  • Article
    Foreign share of manufacturing investments keeps growing
    347 1  -  By Chuang Peck Ming SINGAPORE Cumulative investment in Singapore's manufacturing sector will hit $45 billion when amounts pledged in the 15 months to March this year arc fully realised. At the end of 1992, cumulative manufacturing investment as measured by gross fixed assets
    347 words
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      176 1 ißurberrysi O- i Reigns when it pours sK News 2 £355*19.20.21 Regional News 3.4,6 Financial 23.24 World News 9.10 Fcatom Marfcets 1/ Qob/KISE. SES 28 30 £cktortal 16 Re»<"wl Sports 11 World 11 TV/lilestyte 13 Currencies 24 Law 15 Stmen/Commo ...24.25 S+ta&Om Tel 1800-*****77 Fax *****75 BT nmmtmk Id *****18
      176 words
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      27 1 Innovation: Pg 14 Video-on-demand on trial ILO: Developing states not providing enough jobs, Pg 18 OECD: West must cut minimum pay to create new jobs, Pg 9
      27 words
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      10 1 Hock IjocU. Siew: pjt 19 Hitachi Zosen in rough waters
      10 words
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      84 1 The'BottMJ Line: Who's monitoring transfer risk? i >lr' BV2O-7000 SG v°|^y^^^^^^^^HAHH|Hril^RP^^H %a» 4 ?-t rmiilin a 'rnir thong sia CO (S) PTE L.TO 30 Bideford Road •04-00 Thcw»f»i» Bldg Singapore 0922 Tel: 737-6122. TMOfsiG s*A SON Bho I. Shahzan Prudential Tower. 30 Jalan Sultan Ismail. ***** Kuala Lumjwr Tel: 03-*****63:
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      8 1 +'`>,='~{[_^>,_|@@~@(;)",_|,\.^ Analysis: Keeping S'pore an investor's paradise, Fg 17
      8 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Bullish message ringing true
        310 2  -  By Juliette Walker STEADY GROWTH in the number of international phone calls was put on hold in February by the Lunar New Year, but an indicator's three-month moving average shows the trend is still ringing upwards. Singapore Telecom said 9,805.956 outgoing international calls were made in
        Source: Singapore Telecom  -  310 words
    • Article, Illustration
      Sony TV tube plant to lift output by 15pc
      361 2  -  By Claire Leow SONY Display Devices (Singapore) or SDS, which has Sony's largest television picture tube plant, has invested $15 million to increase production by about 15 per cent to 3.9 million tubes by April next year, the end of its
      361 words
    • Article
      UOB offers monthly-rest option for home loans
      334 2  -  By Shiv Taneja UNITED Overseas Bank Group has launehed a prime rate-linked monthly-rest option for housing loans. UOB is the last of the major banks to offer the option, whieh works out cheaper than borrowing on an annual-rest basis. The bank said yesterday
      334 words
    • Article, Illustration
      Lock icon GE to make programmable logic controllers in Singapore
      157 2 THE General Electric Co (GE) will start making micro programmable logic controllers, or micco PLCs, here next January. A new factory in Jurong will produce 30,000 units of micro PLCs, which are like the "brain" of machines. The factory is a 50-50
      Photo by Arthur Lee  -  157 words
    • Article
      Turkey hopes to attract more S'porean tourists
      288 2 ONLY ABOUT 3,000 Singaporeans visited Turkey last year. Nejat Moral, counsellor of the Tourism Information Office in the Embassy of the Republic of Turkey, wants that figure to grow by 50 per cent annually in the coming years. Since the Tourism Information Office
      288 words
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      Page 2 Advertisements Column 1
      144 2 Epson Makes Business A Pleasure. EPSON k Tow when you of That's IN flights, you can stop over in Bangkok, Haadyai or Phuket enroute. Take a few extra days to explore the shops and the shores of Thailand before on to Europe or Singapore. an extra passengers flying Thai enjoy.
      144 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Inflation in Malaysia set to hit 10-year high of 4.7pc
      514 3 Jardine Fleming says strong domestic spending to blame Reuter KUALA LUMPUR Malaysian inflation will hit a 10-year high of 4.7 per cent this year, fuelled by strong domestic spending, a research company said here yesterday. "The rebound in domestic demand
      Reuter  -  514 words
    • Article
      Lock icon Hanoi eases income tax rules
      175 3 Reuter HANOI Vietnam has liberalised income tax rules, raising tax thresholds and reducing the top tax rate for foreigners. The English-language Vietnam News yesterday said the income at which foreigners started paying tax was raised to five million dong (about SS7OB) per month from three
      Reuter  -  175 words
    • Article
      Lock icon PLN may open Java power projects to tender
      277 3 AFP Reuter JAKARTA Indonesia's state-owned electricity firm PLN will open tenders for the construction of power plants in Java if a government fact-find-ing team determines that offers by three foreign firms are too expensive, reports said here yesterday. "If the result of
      AFP; Reuter  -  277 words
    • Article
      Habibie to slash budget for purchase of second-hand warships
      230 3 JAKARTA State Minister for Research and Technology B J Habibie has agreed to slash the US$l.l billion (551.68 billion) sum he had proposed to buy 39 German second-hand warships to US$4B2 million. The Jakarta Post reported yesterday that Finance Minister Mar'ie
      230 words
    • Article, Illustration
      Lock icon Expensive lessons
      58 3 Reuter MANILA A leftist student denouncing the government's education policies yesterday aftei many schools and universities in Manila raised matriculation fees by as much as 20 per cent, Fees charged by top schools in the Philippines can go as high as US$l,OOO (551,530) in a country where most
      Reuter  -  58 words
    • Article
      Lock icon KL unlikely to reimpose negative rates: analysts
      385 3 KnightRidder SINGAPORL Malaysia's Bank Negara is unlikely to reimpose negative interest rates on "vostro" accounts in the short term, despite market speculation. Market sources here and in Kuala Lumpur yesterday said any reimposition of this curb which was lifted on May 11 would
      Knight- Ridder  -  385 words
    • NOTE BOOK
      • Article
        Lock icon Japan to help SMEs relocate
        78 3 AFP MANILA Tokyo will help Manila attract small Japanese electronics manufacturers to relocate in the Philippines, Trade Secretary Ri/alino Navarro said here yesterday. He said officials of Japan's Ministry of International Trade and Industry have agreed to help map out plans to assist small and
        AFP  -  78 words
      • Article
        Lock icon Call for Viet army to hand back land
        99 3 AFP HANOI Vietnamese Prime Minister Vo Van Kiet has called on the country's powerful military to return to public use some of its vast stocks of land, including several air bases, a report said yesterday. Mr Kict said in a statement that
        AFP  -  99 words
      • Article
        Lock icon Ramos tries to repair ties
        88 3 Reuter MANILA Philippine President Fidel Ramos said yesterday that his government wants to repair ties with other countries strained by a ban on foreigners attending a Manila conference on East Timor. Mr Ramos said he has instructed Acting Foreign Secretary Tomas Padilla to assure France,
        Reuter  -  88 words
      • Article
        Lock icon Quake jolts southern Sumatra
        78 3 AFP JAKARTA An earthquake measuring 5.4 on the Riehter scale rocked southern Sumatra yesterday, said an official of the Meteorology and Geophysics Office here. There were no reports of damages or casualties. Last weekend, a quake in East Java killed 211 people, according to the latest
        AFP  -  78 words
      • Article
        Lock icon Indon volcano spewing smoke and lava
        60 3 UPI JAKARTA A volcano on the Indonesian island of Lombok has been erupting for the past five days, spewing thick smoke and spreading ash over nearby villages, Antara news agency said yesterday. The 1.9()0 metre Barujari volcano on Lombok island, some 1.035 km east
        UPI  -  60 words
    • Article
      Digital opens US$25m Penang disk drive plant
      393 3  -  By Claire Leow SINGAPORE Digital Equipment Corp of the United States yesterday opened its US$25 million (5538.2 million) disk drive plant in Penang. The plant employs 1,000 people and will make one million drives in the first year. Called Digital Equipment Storage Products
      393 words
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      221 3 jn THE UNIVERSITY OF HULL England 1927 mm "OVER 100 GMs, MO*, CEO> ALREADY IN THE PROGRAMME!" "ONE OF THE MOST ESTARUSHED IH SIHGAPORE" I MBA IE First to offer TQM and a Systems Approach to Creative EHTTmi Problem Solving the management philosophy of the MHCMM 1990s First to offer
      221 words
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      240 3 M MBTI A> t HHHV 4Tlf v y Sk- I** >' f \jP *J&tjftL: --VThe Ultimate Mediterranean Lunch Is Closer Than You Think I f Ak Fort >bastiA¥*.l; NV c 7r* Mere hams' CouJ )Av\ A pleasant riverside sM or river laxi ride kom shemon Way /N, nP^ ttottnr i
      240 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China slams US double standards on rights
      368 4 Reuter BEIJING Beijing yesterday attacked what it called double standards in a United States report that alleged widespread human rights abuses in China. The quasi-official China Society for Human Rights Studies slammed as "fabrications" much of the US State Department's Human Rights Report
      Reuter  -  368 words
    • Article
      Lock icon UK minister backs China in EU toy row
      437 4 EU quotas an intolerable threat to Chinese factories and European importers, says Needham AFP HONGKONG British Trade Minister Richard Needham went in to bat for China yesterday, calling stringent European Union quotas on toy imports "intolerable". "The toy import issue is frankly
      AFP  -  437 words
    • Article, Illustration
      Lock icon Warming up to a cool idea
      68 4 Reuter BEIJING Beijing Vice-Mayor Meng Xuenong (left) and New South Wales Premier John Fahey toasting the opening of an Australian joint venture ice-cream franchise here yesterday as officials and staff looked on. The Great Australian Ice Creamer} is the first Australian franchise to open
      Reuter  -  68 words
    • Article
      Lock icon Chinese economy in serious danger of overheating: report
      290 4 Reuter WASHINGTON China's booming economy, fast becoming the main engine of growth in the Pacific, is in serious danger of either overheating or skidding to a halt, an influential Pacific Rim group warns in a report. "At a very minimum, the Chinese
      Reuter  -  290 words
    • Article
      Lock icon Pro-Beijing journalist made news controller at HK's ATV
      202 4 Eastern Express HONGKONG A senior journalist known for his proBeijing stance has been appointed ATV's news controller, prompting concerns over the station's future editorial policies. Leung Yu Shing's appointment follows a week of controversy at the station, during which the acting news
      Eastern Express  -  202 words
    • Article
      Lock icon Chinese union faces call by HK group to improve Guangdong construction safety
      328 4 Eastern Express HONGKONG The Hongkong Federation of Trade Unions said on Tuesday that Shenzhen had become "a hell for out-of-province workers" in China. The federation will ask China's official union to help improve Guangdong's appalling work safety record
      Eastern Express  -  328 words
    • Article
      Lock icon Bank of China plans massive bond issue
      266 4 AFP BEIJING China's major foreign exchange bank, the Bank of China (BOC). is planning a multi-million-dollar bond issue in the European market to raise capital. A BOC official said that once conditions were judged to be favourable, the bank would issue bonds worth
      AFP  -  266 words
    • Article
      Lock icon Chinese sciences academy admits foreigners for the first time
      176 4 Reuter BEIJING Twelve Americans and two Britons yesterday became the first foreigners ever inducted to the prestigious Chinese Academy of Sciences (CAS). They include five Nobel laureates. Most of the Americans are of Chinese descent, the Xinhua news agency said. 'The
      Reuter  -  176 words
    • CHINA WATCH
      • Article
        Lock icon Dumping? What dumping?
        76 4 AFP BEIJING China dismissed as groundless yesterday a US manufacturers' anti-dumping lawsuit filed against magnesium ingot exporters. Researchers at China National Non-ferrous Metals Industry Corp said Chinese exports of magnesium ingots to the United States had grown substantially in the past two years, but represented only a
        AFP  -  76 words
      • Article, Illustration
        Lock icon Poster poser
        42 4 Reuter SHANGHAI The late Chinese premier Zhou Enbi in this poster seemed to be joining the pedestrian traffic here yesterday. The display, put up by a bookstore, was advertising original recordings of speeches from "The Voice of a Giant". Reuter
        Reuter  -  42 words
      • Article
        Lock icon Taiwan president may visit S Africa
        69 4 AFP TAIPEI Taiwanese President Lee Teng-hui may visit South Africa later this year to secure Taipei's diplomatic relations with Pretoria, which are threatened by Taiwan's long-time rival China, an ambassador said here yesterday. Loh l-cheng, Taiwanese ambassador to Pretoria, told members of parliament here
        AFP  -  69 words
      • Article
        Lock icon Mongolia given NT$8m in aid
        75 4 Reuter TAIPEI Taiwan has given technical assistance worth over NI"$8 million (*****.000) to Mongolia, over which the island's Nationalist government claims sovereignty, a government official said. Taiwan's International Economic Cooperation and Development Fund provided the assistance to Mongolia in the past two to three years,
        Reuter  -  75 words
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      Page 4 Advertisements Column 1
      261 4 For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than /\1 jf any other publication. Some may call it an unfair W 11%/ I advantage. We at Singapore Business call
      261 words
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      308 5 Ifef >*?*•" mL Z M r 1 > ifl 9 RA |i p i hi HI f f i ihimir R is |Jk Hf B I |B2| P 6T51 F5 F^e^EWSWI Itil K a I t -4 Sjfc H Br Hl K. 1 P 1 I -AaZjj&kl'kfjkmk I 1 V
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon Hata, Clinton to meet ahead of G-7
        79 6 AFP TOKYO Premier Tsutomu Hata of Japan and US President Bill Clinton are set to hold talks in Naples, Italy, prior to a summit meeting of the G-7 nations there, a report said yesterday. Quoting Foreign Ministry sources, the Yomiuri paper said Japan
        AFP  -  79 words
      • Article, Illustration
        Lock icon Migrating to US? Just fill up a form
        70 6 Reuter DHAKA Young boys and girls gathering to buy US DV-1 visa forms from a street vendor in Dhaka although the American embassy says no such forms are required to apply. Bangladeshis are crazed over prospects of migrating to the US under
        Reuter  -  70 words
      • Article
        Lock icon Peru wants Japanese help to join Apec
        74 6 AFP TOKYO Visiting Peruvian President Alberto Fujimori on Tuesday said he hoped Japan would support his country's bid to become a member of the Asia-Pacific Economic Cooperation (Apec) forum. He made the comments in a meeting with former Japanese premier Toshiki Kaifu, aides
        AFP  -  74 words
      • Article
        Lock icon Pakistan allows banking on Saturdays
        66 6 Reuter KARACHI, Pakistan The State Bank of Pakistan yesterday said all banks were free to decide their working hours and were not required to follow the five-day working week adopted by the government last Friday. "Any banking company is free to decide for itself the
        Reuter  -  66 words
    • Article, Illustration
      Lock icon Pakistan bounces back with 4pc economic growth
      374 6 AFP ISLAMABAD Pakistan has recovered from serious economic setbacks to achieve 4 per cent growth in its gross domestic product during fiscal 1993-94 ending June 30. The growth, which had slumped to a record low of 2.28 per cent in 1992-93, had been
      AFP  -  374 words
    • Article
      Lock icon Aussie building showcase planned for Indonesia
      311 6 AFP CANBERRA Australia wants to build a A 5500,000 (*****,000) housing centre as a showcase for its skills and building technology in Jakarta, said Housing Minister Brian Howe yesterday. Mr Howe, who is also Deputy Prime Minister, leaves today for China, Japan and Indonesia
      AFP  -  311 words
    • Article
      Lock icon Russia approves joint ventures with India in defence equipment
      235 6 Bernama NEW DELHI Russia has given the green light for the setting up of joint ventures for the manufacture and assembly of front-line defence equipment in India and their export to third countries. This was stated by visiting Russian Deputy Prime
      Bernama  -  235 words
    • Article, Illustration
      Lock icon Carrying a burden
      36 6 Reuter POLOMMARUWA, Sri Lanka Indebted rice farmers carrying coffins and banners through this north-eastern Sri Lankan town on Tuesday to highlight their plight after 16 cultivators, unable to repay loans, committed suicide. Reuter
      Reuter  -  36 words
    • Article
      Lock icon Australia to press Tokyo, Seoul on exports
      306 6 AFP CANBERRA Australian Trade Minister Bob McMullan said yesterday he would press his country's concerns about export access to South Korea and Japan during an overseas visit next month. In the year to June 30, 1993, Australia ran a combined trade surplus of
      AFP  -  306 words
    • Article, Illustration
      Lock icon Keating likely to take heat in media probe: paper
      307 6 Reuter CANBERRA An Australian parliamentary inquiry is expected to find Prime Minister Paul Keating tried to do a deal with Canadian media mogul Conrad Black for favourable coverage, one of the newspapers involved reported yesterday. A committee of the opposi-tion-controlled Senate,
      Reuter  -  307 words
    • Article
      Lock icon NZ govt pledges to continue focusing on debt repayment
      410 6 Reuter WELLINGTON New Zealand Finance Minister Bill Birch said steady fiscal surpluses would allow tax cuts at some stage, but debt repayment remained the government's priority for the next couple of years. "For the next couple of years we've got to
      Reuter  -  410 words
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      728 6 HOTEL PROPERTIES LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the Company will be held at the Singapore Room, Hilton International Singapore, 581 Orchard Road, Singapore 0923 on 24 June, 1994 at 4 p.m. to
      728 words
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      364 7 Welcome to the new Bugis Junction office tower at 230 Victoria Street An exquisitely designed corporate building with a location that's indeed enviable. And an environment that's sheer excitement. Located in the renowned Bugis district, the office tower at Bugis Junction stands conveniently above the Bugis MRT Station. While the
      364 words
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  • REGIONAL FOCUS
    • Article
      Fall in exports of manufactured goods worries Jakarta
      824 8  -  From Maggie Ford in JAKARTA THE ALARM bells started to ring in Indonesia at an economic Cabinet meeting. Why, President Suharto wanted to know, had Indonesia's exports of manufactured goods started to fall? Ministers scurried to investigate the possibility that Jakarta's strategy
      824 words
    • Article, Illustration
      Lock icon World Bank draws up guidelines for Indonesian banking sector
      527 8 AFP JAKARTA The World Bank is advising extreme caution in how Indonesia manages its huge US$9O billion (Ssl4o billion) foreign debt, and is prescribing draconian measures to shore up the country's weak banking sector. According to the bank's annual report on
      AFP  -  527 words
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      25 8 Darling, I k wonder Jt what the C/ub Med's weekend cruise to Tioman. Only for 4 weekends until July 3rd. trend-setters are doing this weekend?
      25 words
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      274 8 THE H,LLVIE W COLLECTION" 3 PLOTS OF PRIME FREEHOLD RESIDENTIAL fV Z PLOJC J DEVELOPMENT LAND iif I Tenderers can bid for one or more plots PLOT A Total land area: 16,191.6 sq m (174,286 sq ft) />. jf I Plot A: 8,556.6 sq m (92,103 sq ft), Plot B:
      274 words
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  • THE WORLD
    • Article
      Lock icon West must cut minimum pay to create new jobs: OECD
      672 9 Reuter, AFP, AP PARIS To create millions of new jobs. Western nations should reduce minimum wages for young workers and scale back unemployment and other social protection measures. A two-year study released on Tuesday by the Organisation for Economic Cooperation
      Reuter,; AFP,; AP  -  672 words
    • Article
      Lock icon EU to open trade talks soon with S Africa
      236 9 Reuter JOHANNESBURG Talks on striking a long-term accord on trade between South Africa and the European Union will open by month's end, EU ambassador in Johannesburg Erwan Fouere said on Tuesday. Mr Fouere said a draft of negotiations aimed at the
      Reuter  -  236 words
    • Article
      Lock icon Russian foreign credit repayments in doubt
      395 9 Knight-Ridder MOSCOW The abolition of export quotas and licences for strategically important materials starting July I throws into doubt the ability of Russian recipients of foreign credits to offer convincing guarantees of repayment, an official at the Fuel and Energy Ministry said yesterday. Sergey
      Knight-Ridder  -  395 words
    • Article
      Lock icon US sounds alarm over risk of second trade standoff
      293 9 Reuter, AP PARIS One month before a crucial summit with Japan. United States Commerce Secretary Ron Brown is sounding alarms about the risk of a second standoff over trans-Pacific trade. In a rare agreement to disagree, the two nations yesterday declared
      Reuter,; AP  -  293 words
    • Article, Illustration
      Lock icon Mandela wins peace award
      47 9 Reuter JOHANNESBURG South African President Nelson Mandela posing with school children during a national peace awards banquet in the commercial capital on Tuesday. Mr Mandela was one of nine recipients of the Golden Doves awards for efforts to further South African peace. Reuter
      Reuter  -  47 words
    • WORLD WATCH
      • Article
        Lock icon No miracle likely in Bosnia: UN envoy
        105 9 Reuter GENEVA Bosnia's warring factions were due to wrap up ceasefire talks yesterday with UN envoy Yasushi Akashi seeing little chance of the "miracle" he said was needed to produce an accord. Vice-President Ejup Ganic, representing the new MuslimCroat federation in Bosnia, arrived
        Reuter  -  105 words
      • Article, Illustration
        Lock icon It's a doll's life with no body
        44 9 AFP MOSCOW A woman pushes a trolley filled with dolls' heads at a factory here. Russia's largest toy-maker, Krugozor, is on the brink of closure because environmentally friendly materials for dolls' bodies are in short supply. AFP
        AFP  -  44 words
      • Article
        Lock icon Bundesbank cuts lowest repurchase rate
        89 9 Bloomberg Business News FRANKFURT Germany's Bundesbank yesterday trimmed its lowest rate for securities repurchase contracts to 5.10 per cent from 5.15 per cent last week. The latest cut was in line with expectations of German traders, according to a survey conducted by MMS International, a
        Bloomberg Business News  -  89 words
      • Article
        Lock icon British output surges in April
        86 9 Reuter LONDON Britain's industrial and manufacturing output surged far more strongly than expectcd during April, reinforcing evidence that the country's recovery is picking up speed, data released yesterday showed. Industrial production rose by a provisional, seasonally adjusted, 1.6 per cent while manufacturing output jumped by
        Reuter  -  86 words
    • Article
      Lock icon IMF considering facility to fight runaway speculation
      301 10 Reuter WASHINGTON The International Monetary Fund is considering a new financing arrangement to help countries that find their economies overwhelmed by market speculation, says IMF managing director Michel Camdessus. Mr Camdessus, in a wideranging discussion with an economic group on Tuesday, said that
      Reuter  -  301 words
    • Article, Illustration
      Lock icon Time may be running out for Major
      54 10 Reuter LONDON labour European Election candidate Pauline Green and shadow foreign secretary Jack Cunningham unveiling the new European election poster on Tuesday. The poster shows Prime Minister John Major with his head in his hands under the words "Come in. Number 10, your
      Reuter  -  54 words
    • Article
      Lock icon US cell phone competition set to hot up
      99 10 Bloomberg Business News WASHINGTON The Federal Communications Commission is expected to take action today that will give birth to a new competitor in the cellular telephone industry. The commission is to vote on a staff proposal allocating radio spectrum by region for
      Bloomberg Business News  -  99 words
    • Article
      Lock icon Borrowing by US consumers shows big rise in April
      345 10 NYT WASHINGTON Consumers borrowed US$B.9 billion (5513.6 billion) more in instalment loans than they paid off in April, raising credit card use by a record amount, the Federal Reserve reported on Tuesday. It was the biggest overall rise in more than
      NYT  -  345 words
    • Article
      Lock icon UK consumer borrowing slips, but trend is firm
      341 10 FT LONDON Borrowing by British consumers fell back slightly in April but the figures were welcomed in the City where it has been feared that spending was growing too quickly. However, the trend over three months remains strongly upwards suggesting the UK
      FT  -  341 words
    • Article
      Lock icon Lower oil prices push Arab revenues to four-year low
      277 10 AFP ABU DHABI A decline in oil prices because of oversupply pushed down Arab revenues to a four-year low last year and income could fall again this year, officials and experts said on Tuesday. The oil earnings stood at USS92 billion
      AFP  -  277 words
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      Page 9 Advertisements Column 1
      213 9 Tlvts anmMintcmcni jpfr.m a matter *4 fcuwJ «*nlv First Bangkok City Bank Public Company Limited acting by and through its Clayman Islands Branch ¥6,000,000,000 Floating Rate Notes due 1999 Arrangers /rod-Manage*rs Chase Manhattan Asia Limited KEB (Asia) Finance Limited L.F.C. Far East Ltd/London Forfaiting Company PLC Sumitomo Finance (Asia) Limited
      213 words
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      203 9 <;i» «><> Olimpiro *~ww' r J^y «*A' s Manufacture Girard-Perregaux depuis 1791 (p sou i). .nit iiioi kmi i>t. 11<1 i.i <;;w, •\v.«il,il.l. V lii-.iv.lv .11 111 AM, IM,M>II«,MI I K> < ,>•.,, I> nun n.' I »7 COHIIN \fc -MOM < I MRI In < ••'•<,. I <1, I
      203 words
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      284 10 600 dpi. Resolution Enhancement technology. microfine toner '•"Mb Up to 66 MB of memory i HP PCLS Enhanced m Support Adobe* Postscript" Level 2 Up to 850 sheets k 75 envelopes plus optional duplex I is out in front again with the new HP LaserJet 4 Plus printer. It produces
      284 words
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  • SPORTS
    • Article, Illustration
      Lock icon Janzen appears to be back on his game
      600 11 NYT H c HARRISON, New York When Lee Janzen birdied four of the first eight holes last week in the final round of the Kemper Open, he felt like a man who had finally broken the surface after being trapped under water
      NYT  -  600 words
    • Article, Illustration
      Lock icon Becker succumbs to Bates
      48 11 Reuter LONDON It was a shout of frustration at his own play. Germany's Boris Becker had just lost a point in the second round match against Jeremy Bates of Britain at the Queen's Club grass-court championship on Tuesday. Bates beat Becker 7-5, 7-6. Reuter
      Reuter  -  48 words
    • SPORT SHORTS
      • Article, Illustration
        Baseball
        67 11 NEW YORK Major league Tuesday American: Detroit I Boston 5; Chicago 5 Toronto 9; Kansas City 7 Baltimore 3; Texas 10 NY 9; California 6 Minnesota 8; Oakland 6 Milwaukee 5; Seattle 9 Cleveland S. National: Florida 0 LA 2; Montreal 3 Houston 2; Philadelphia 7 Chicago 6; Pittsburgh
        67 words
      • Article, Illustration
        Lock icon Basketball
        140 11 Reuter AP HOUSION, Texas China will receive live television broadcasts of the entire NBA Finals for the first time, as a record 117 countries will be able to see televised coverage of the games, the league said. The previous high was last year, when the 1993 Finals were broadcast
        Reuter; AP  -  140 words
      • Article, Illustration
        Lock icon Boxing
        54 11 AP INDIANAPOLIS Former heavyweight champion Mike Tyson is negotiating to be released early from prison, possibly by next week. Sports Illustrated reported. Attorneys for both sides on Tuesday denied the story. Sports Illustrated said in its June 13 issue that Tyson's attorneys are trying to arrange the deal with
        AP  -  54 words
      • Article, Illustration
        Lock icon Ice hockey
        94 11 AP VANCOUVER, British Columbia The New York Rangers beat the Vancouver Canucks 4-2 on Tuesday night, moving within one win of their first Stanley Cup championship in 54 years. Mike Richter made 28 saves, including a stop of Pavel Bure's second-period penalty shot. Brian Leetch had a goal
        AP  -  94 words
      • Article, Illustration
        Lock icon Rugby
        83 11 AFP PORT ELIZABEI H, South Africa England flanker Tim Rodbcr was sent off for retaliation after a violent 31-13 victory over Eastern Province here on Tuesday. But Rodber, never sent off before in his top-flight career, was cleared by the disciplinary panel to play in the second Test against
        AFP  -  83 words
      • Article, Illustration
        Lock icon Sumo Wrestling
        95 11 Reuter TOKYO American star Akebono began a rehabilitation programme on Tuesday, a day after returning to Japan following surgery on both knees, Kyodo news service reported. Akcbono, who flew to Los Angeles for the surgery last week, had injured his knees during the 15-day tournament last month, lie
        Reuter  -  95 words
      • Article, Illustration
        Lock icon Tennis
        98 11 AP LONDON Queen's Club grasscourt tournament. Tuesday matches: Jeremy Bates (GB) b Boris Bcckcr (Gcr) 7-5, 7-6 (10-8); Bryan Shclton (US) b Tomas Nydhal (Swc) 7-6 (7/5); Jason Stoltcnbcrg (Aust x 13) b Josh Eagle (Aust) 6-1 6-1; Tim Hcnman (GB) b Peter Lundgrcn (Swe) 7-5 7-6 (7/4); Mark
        AP  -  98 words
      • Article
        Lock icon Commonwealth Games
        64 11 AFP VICTORIA, Canada South Africa will send a 120-strong party to this year's Commonwealth Games, its first such appearance in 36 years. Commonwealth Games Society president George Heller confirmed the size of the South African delegation for the event here on August 18-28. The last time a South
        AFP  -  64 words
      • Article, Illustration
        Lock icon Golf
        42 11 AP FAR HILLS, New Jersey Former champion Raymond Floyd announced on Tuesday that he had withdrawn from the next week's US Open at Oakmont Country Club. Floyd. 51, has decided to concentrate solely on playing in senior events this year. AP
        AP  -  42 words
    • Article, Illustration
      Lock icon Olajuwon: dancer's feet and surgeon's touch
      896 11  -  NBA Finals He is the sport's most complete player, says Harvey Araton Harvey Araton NYT HOUSTON The lowdown on Hakeem Olajuwon is that he was taller when he was Akeem Olajuwon. He used to be a seven-foot centre, when he played for the University
      NYT  -  896 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      77 11 hotels Sheraton the for for Sheraton Hua rooms far or the ITT Sheraton on business, we'll make FINALLY A GIVES BUSINESS TRAVELLERS EVERYTHING INCLUDING A for you to or a free join ITT Sheraton make be well on your way. It's as easy as that to earn For Hong Kong
      77 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      649 12 Nothing Beats A Bud. Iftr&al or \V > Cosmopolitan Buffet Lunch Buffet: 12 noon 2.30pm $16.80 (adult) $10.80 (child) Dinner Buffet: 6.30pm 10.00pm $18.80 (adult) $12.80 (child) X y\. All prices are subjcct lo 10% service charge, I'v government Ui jnil J* GST 1A xx ySS)**J For reservations, urn u
      649 words
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      Page 12 Advertisements Column 2
      342 12 UU3111V33 A lIHV3f i nm JWW; WHERE TO WINE, DINE AND ENTERTAIN The 4th Singapore Jigsaw Puzzle Coiqpetition '94 Come one. Come all. We've a brand new Mystery Miniature Puzzles Category on top of all the other exciting happenings this year. Plus super cash prizes. There are altogether four categories.
      342 words
    • Advertisement
      Page 12 Advertisements Column 3
      426 12 11/nonglio ILmoniglio Enough® 'Enough is enough. 35 appetisers, 20 desserts pfus 6 main courses. 'When our guests start on tfu appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always endup conceding that theyve had more than enough. Come try it to believe. IQO 'Jor
      426 words
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  • LIFESTYLE
    • Article
      Lock icon Biographer scraps plans to do second volume on J F K
      292 13 CHATTERBOX AP NYT Reuter BIOGRAPHER Nigel Hamilton says he has given up plans for a second volume about John F Kennedy, because the Kennedy family has blocked his access to material about the former US president. "It has been
      AP; NYT; Reuter  -  292 words
    • Article, Illustration
      From exile to critical acclaim
      796 13  -  Caroline Brothers looks at Caetano Veloso and Gilberto Gil's music and their turbulent past Caroline Brothers THEY were jeered by their own people, imprisoned by a military government and exiled to the other side of the globe. But today merchant banks block-book seats for their
      796 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      240 13 SUMMER HOLIQWyS! 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 huny down during summer coz
      240 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1079 13 TV RADIO Three Men And A Little Lady, H V 1 and Ted Danson get back in this 1990 sequel. Five years on. 11 m Ml little Mary and her Mum, Nan- v cy Travis, are beginning to feel restless. Instead of doing the v WVV obvious and settling down
      1,079 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Lock icon Silicon Graphics, NTT in multimedia tie-up
        95 14 NYT SAN FRANCISCO Silicon Graphics Inc said on Tuesday that it had reached a deal with Nippon Telegraph and Telephone Corp to test interactive multimedia service systems in Japan. Silicon Graphics is the first computer systems company named by NTT, the Japanese telephone company,
        NYT  -  95 words
      • Article
        Lock icon Higher cancer risks in smokers' homes
        120 14 AP WASHINGTON Women who have lived for years in the household of a smoker have as much as a 30 per cent greater chance of developing lung cancer than women living in a smokefree house, according to a new research released recently. The study,
        AP  -  120 words
      • Article
        Lock icon New acoustic device to detect mines
        101 14 NYT CAMBRIDGE, Massachusetts Acoustic scientists report that new devices using sound as a probe may help find some of the millions of deadly land mines that kill and maim the people of many countries every day. New and old battlefields, from Bosnia to Indochina,
        NYT  -  101 words
      • Article
        Lock icon Researchers working on tiny motor
        94 14 AP MELBOURNE, Australia Researchers are attempting to build a microscopic electric motor to power machines tiny enough to move through the bloodstream to diagnose and treat illness. A project team from the Royal Melbourne Institute of Technology and the University of South Australia hopes to
        AP  -  94 words
      • Article
        Lock icon New blood substitute invented
        119 14 UPI Austin, Texas Researchers at the University of Texas said last week that they had invented a new blood substitute for use in transfusions that has several advantages over human blood. They said the substitute blood eliminated the possibility of transmitting the Aids or Hepatitis B
        UPI  -  119 words
    • Article, Illustration
      Video-on-demand still at trial stage
      1009 14  -  Juliette Walker looks at the technological issues that have to be solved before VOD becomes a reality Juliette Walker yIDEO-on-dcmand (VOD) has made it to the top-10 list of buzzwords in the telecommunications, computer and broadcast industries. It also ranks as a leading cause of
      1,009 words
    • Article
      Lock icon More airlines installing interactive TV systems in planes
      266 14 NYT INTERACTIVE TELEVISION may be years away from entering the family living room, but its advent away from home is another matter. This autumn Singapore Airlines plans to install Matsushita Avionics' interactive TV system, complete with Nintendo video games, on its planes,
      NYT  -  266 words
  • Page 14 Advertisements
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  • THE LAW PAGE
    • Article, Illustration
      Clearing the path to winding up a company
      1055 15  -  Ramesh Divyanathan examines the two sections of the Companies Act under which Yeo Hiap Seng chairman Alan Yeo's petitions to wind up YHS Holdings fall Ramesh Divyanathan WILL dissolve I the holding H company rather than sell out," Yeo Hiap Seng chief
      1,055 words
    • Article
      Taking the just and equitable line
      526 15 THE second petition sought by Alan Yeo to wind up Yeo Hiap Seng Holdings (YHSH) comes under Section 254 of the Companies Act, which unlike Section 216, essentially has a winding-up order as the sole remedy. Section 254 sets out in 13 paragraphs the
      526 words
    • Article
      Seven leave Shook Lin as firm beefs up ranks for regional push
      479 15  -  AT the MR By Ramesh Divyanathan SEVEN lawyers, including three senior partners, of Shook Lin and Bok, one of Singapore's most reputable firms, are leaving to form their own partnership. Shook Lin, meanwhile, is beefing up its ranks
      479 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      216 15 This advertisement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for debt securities 9 June. 1994 General Electric Capital Corporation U.S. $250,000,000 6.875 per cent. Notes due 1999 Lehman Brothers Goldman Sachs (Asia) Limited Morgan Stanley Asia Ltd. ÜBS (East
      216 words
    • Advertisement
      Page 15 Advertisements Column 2
      75 15 SINGAPORE# rri Business Times WEKNOWASA BltM/tll 1 1 11 TJ CmmrU S*nic*t has landed: jftrlitow r«I *****3/3 Ft *****2 7 Ttl: *****4 Fmx: *****5 Philippines: OCSMamU doktpMk Courier Service, Inc. UmtG-4»*dG-5 Grand Fir. CiyfcW Cuwtwu'w tod*St.LtsßpiVUUf Thilland: s>£<* c TkiF-truUUhi^CiUi 225=6*1 i*SSmIS?JSm zs»gL.~. u >y*. 1 -ci% 9Skiboun l-Chtmt,Mumio-bi >
      75 words
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  • Article
    Practically partners
    416 16 EDITORIAL CHALK IT UP to confidcnce all round. Finance Minister Richard Hu visited Penang's burgeoning electronics industry earlier this week and pronounced it an asset rather than a threat to Singapore. Indeed, the minister strongly recommended the Malaysian island state to Singapore-based firms thinking of investing abroad. The
    416 words
  • WHAT THE OTHERS SAY
    • Article
      Can NAM stay relevant?
      204 16 AT LEAST the Non-Aligned Movement (NAM) has been spared the jibe of being "a bureaucracy in search of a pension" that was levelled at the North Atlantic Treaty Organisation (Nato) and the Commonwealth. Not that this guarantees a meaningful future. Lacking a self-perpetuating administrative structure, NAM
      204 words
    • Article
      Closing the generation gap
      138 16 THERE SHOULD BE more incentives to promote family closeness, apart from HDB efforts or tax concessions. Senior citizens will make up a quarter of the population in 20 years' time. There will an increase in the level of dependence, let alone problems associated with old age.
      138 words
    • Article
      A move to foster family ties
      202 16 WITH EFFECT from July, when bookings for HDB flats for the next quarter open, HDB will relax its rules to allow couples to opt for a new flat in the same block, or in a block or precinct next to their parents', and not
      202 words
    • Article
      Time for swift action by Chuan
      153 16 PRIME MINISTER Chuan Leekpai is said to have a particular management style in administering the country. He does not fully exercise the enormous power that a Thai prime minister is endowed with, but prefers, rather, to rule by giving freedom and responsibility to his
      153 words
    • Article
      Not just an economic issue
      181 16 AS MIGHT have been expected, the new deregulatory steps announced by the government on Thursday have drawn a great deal of comment. But no sector opened up to foreign investors by the new deregulation package has managed to stir up as much controversy as that
      181 words
    • Article
      Confusion on human rights
      162 16 PRESUMABLY, there is a government human rights policy even if it has not been communicated to Michael Suen, the Policy Secretary responsible for this matter. Suen has gone on record to say that plans are indeed in place for combating sexual harassment, protecting pregnant workers and
      162 words
  • Article, Illustration
    Lock icon The huge costs involved in tackling North Korea
    725 16  -  A M Rosenthal wants the nuclear fallout danger discussed publicly A M Rosenthal NYT THE Clinton Administration has to stare hard at one question every time it considers what to do about the fact that North Korea either has nuclear weapons or
    NYT  -  725 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      130 16 -V;<: M I Hfcfc^— ':"M% *-^9i Artist Alex Katz in front of his painting, "Eileen". His technique-refined. His style-modern. His watch contemporary. The Delirium* from Concord. CONCORD n, WATCH REF: 14-***** V 261 3/60 AUTHORISED DEALERS: Asia Watch (Parkway Parade), Chew Cheong Watch Centre (Shaw Centre, Wisma Atna), Cortina Watch
      130 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      78 16 IT'S NO OSG my PIPCMG f L i Si TC P r>K» IT, \'rn RpfTUC# WORRIED RBOUT G>€JTiMG» rnv Tfe-NDGNC-V To Kfej£P DOTJNG OM£f? 1T... OFP CX)RnG HOURS "Weße rAjST Be A S^mPLC Hope it's not stc>N or old solution p>Ge... Q? IfosL C»MOO*TtDW«W«»A>tMLTO..HM-HM 9 too fty^, DOONESBURY GARRY TRUDEAU
      78 words
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  • ANALYSIS
    • Article, Illustration
      Keeping Singapore an investor's paradise
      1986 17  -  Foreign investors used to come to Singapore in droves, with little bidding. Despite some apprehension now, they're still coming. Chuang Peck Ming discusses what's turning some of them oft", and what continues to turn many of them on Chuang Peck Ming IN THEORY at least,
      1,986 words
    • Article, Illustration
      Still serious about luring them to our shores
      475 17 ANY suggestion that the Economic Development Board is letting up in its drive to sell Singapore to investors upsets its officials enormously. Because, says Tan Chin Nam, EDB's managing director, they have been working "flat out daily" doing just that: selling Singapore
      475 words
    • Article, Illustration
      More sense making it bigger here
      476 17 IF Singapore's refineries were built all over again today, it would cost between US$l5 billion and US$2O billion, says Petroleum Intelligence Weekly. When they were put up in the 1960s and '70s, the total cost was under US$l billion. The massive investments involved in
      476 words
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  • Article
    Lock icon Developing countries not providing enough jobs: ILO
    525 18 AP Reuter GENEVA Developing countries are not providing enough suitable jobs to keep the ranks of the unemployed from soaring, according to delegates at a conference on workers' rights. The 75-year-old International Labour Organisation opened its annual assembly on Tuesday with a discussion
    AP; Reuter  -  525 words
  • Article
    Lock icon Top central bankers calm inflation fears
    356 18 Reuter LONDON Top central bankers yesterday said inflation pressures in their economies are subdued, encouraging hopes of sustained economic recovery in the industrialised world. The central bankers from the United States, Japan, Germany, France and Britain, who are in London for the annual International
    Reuter  -  356 words
  • Article
    Asian rate hikes will be modest: Merrill Lynch
    474 18  -  By Vikram Khanna SINGAPORE Despite the repeated hikes in American interest rates since the beginning of this year, rate increases in Asia are likely to be muted in the next two or three years, says Merrill Lynch. In its latest monthly report
    474 words
  • Article
    Lock icon OECD to draft report on linking trade, labour standards for 1995 meet
    325 18 AFP, Knight-Ridder, Reuter PARIS OECD ministers have asked the organisation's secretariat to draw up a report for their 1995 annual meeting on linkages between trade and internationally recognised labour standards. In their final communique at the end of
    AFP,; Knight-Ridder,; Reuter  -  325 words
  • Article, Illustration
    Lock icon N Korea will allow UN inspections if US agrees to talks
    268 18 Reuter, AP, AFP KIEV North Korean Foreign Minister Kim Yong Nam said yesterday that Pyongyang will allow the United Nation's nuclear watchdog to inspect its atomic facilities if the United States agreed to talks. "If US-Korean talks are renewed,
    Reuter,; AP,; AFP; Reuter  -  268 words
  • Article
    Lock icon Jakarta to maintain prudent monetary policies
    302 18 Reuter. The Straits Times JAKARTA Indonesia will maintain prudent monetary policies to control its currentaccount deficit and keep the lid on inflation, while holding a safe level of standby loans. Central bank governor Sudradjad Djiwandono yesterday said: "Indonesia will continue to implement prudent monetary
    Reuter.; The Straits Times  -  302 words
  • Article, Illustration
    Urgent need to monitor transfer risk — now
    830 18  - Urgent need to monitor transfer risk now The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent SO-CALLED "transfer risk" the danger that a country might not have sufficient foreign exchange reserves to meet all its debt service obligations is something which commercial bankers are familiar with,
    830 words
  • Article
    Lock icon Vietnam awards study to launch gas industry
    381 18 Reuter HANOI Vietnam has appointed a consortium of foreign firms to do a feasibility study for a US$4OO million (SS6I2 million) project which will launch a potentially sizable offshore gas industry. British Gas, Japan's Mitsui and Co and TransCanada PipeLines had won exclusive
    Reuter  -  381 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        39 19 Mixed Market Mood' mdicaWs the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokirs polled: Alliance. Baring. I)am a, Fraser. Morgan Grenfell. Nomura. Ongco. Phillip and Smith New Court.
        39 words
      • Article, Illustration
        HOT STOCK
        113 19  -  -By Quak Hiang Whai One of the heaviest losers this year, EML Warrant presents solid buying opportunities for the medium term. Trading near its support at 40 cents, EML Warrant has very limited downside risks but very good upside potential. All its daily and weekly indicators are well
        113 words
    • Article, Illustration
      STIC enters China food sector through stake in HK firm
      381 19  -  By Quak Hiang Whai SINGAPORE Singapore Technologies Industrial Corp has entered the China food market through the purchase of a stake in a Hongkongbased biscuit company. Government-linked STIC said yesterday it had bought 40 per cent of the Far East
      381 words
    • Article
      Guthrie seeks S'pore partners for Aussie property venture
      367 19  -  From Florence Chong in SYDNEY SINGAPORE-based Guthrie GTS Ltd is planning to invite two other prominent Singapore companies to take up equity in a property investment company with an initial investment portfolio of about Asloo million (SSI 12 million). The retailing and
      367 words
    • Article
      First Capital revamps foreign ventures
      233 19 SINGAPORE In a move to focus its resources on overseas property investment and development, First Capital Corp has restructured its foreign ventures. It said yesterday it had sold its 30 per cent stake in Guoman Hotels, formerly known as GFB Property Holdings, to its parent
      233 words
    • Article
      DBS convertible preference shareholders, take note
      205 19 SINGAPORE DBS Bank and the Central Depository (CDP) said yesterday that DBS non-redeemable convertible preference shareholders who had not received a notice regarding payment of second instalment by June 17 should contact the CDP or the bank's registrar, Barbinder Co, to obtain a copy.
      205 words
    • Article
      Non-diversified Hitachi Zosen in choppy waters
      908 19  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Hitachi Zosen Singapore, the smallest of the big four shipyards, will announce its 1993-94 results on Friday next week. And the odds are that they will again be disappointing. According to the latest Estimate Directory, analysts on
      908 words
    • Article
      Goldtron holders reject resolution to dilute stake in subsidiary
      157 19 SINGAPORE Shareholders of Goldtron Ltd yesterday rejected a resolution that would have diluted their company's interests in a subsidiary. The management of Goldtron's subsidiary, LJ Investment Holding Ptc Ltd, had wanted to increase their stake in the subsidiary from 40 to
      157 words
    • Article
      Lock icon Analysts expect lukewarm reception for Liang Huat IPO
      309 19 Reuter SINGAPORE One of Singapore's biggest aluminium firms, Liang Huat Aluminium, makes its market debut this month, but analysts are predicting a lukewarm reception from investors, analysts said. Liang Huat is offering a total of 56 million shares to the public of
      Reuter  -  309 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          CityDev gets green light for rights
          63 20 SINGAPORE City Developments Ltd said that the Stock Exchange of Singapore has approved its one-for-five rights issue. The company had proposed a renounceable rights issue of between 127.4 million and 134.02 million new shares at $2.90 for each rights share. The SES has also
          63 words
        • Article
          Haw Par shareholders pass resolutions
          87 20 SINGAPORE The shareholders of Haw Par International passed resolutions on the increase in authorised share capital of the company, and a one-for-10 bonus issue, at an annual general meeting yesterday. Haw Par also said that Tan Puay Hee, 78, who had served on the company's
          87 words
        • Article
          San Teh EGM on June 23
          46 20 SINGAPORE The shareholders of San Teh Ltd will meet at an extraordinary general meeting on June 23 to consider the issue of bonus shares, in the ratio of one new ordinary share for 10 shares held as on July 4.
          46 words
        • Article
          Two SSL directors re-elected
          50 20 SINGAPORE Straits Steamship Land Ltd directors Choo Chiau Beng, Lim Young Wah and Kevin Wong King Cheung have retired in accordance with the company's articles of association. But at yesterday's annual general meeting, Mr Choo and Mr Wong sought re-election and were re-appointed to the board.
          50 words
        • Article
          Closure of Liang Court register
          56 20 SINGAPORE Liang Court Holdings Ltd said yesterday the register of members will be closed on June 27 and 28 to determine the persons entitled to the final dividend of 3 per cent (less 27 per cent tax) to be approved at the annual general meeting
          56 words
        • Article
          Lock icon Worldwide to move into utilities
          77 20 Bernama KUALA LUMPUR Worldwide Holdings Bhd has identified the utilities sector as a growth sector that the company will want to be involved in, chairman Zabir Bajuri said. He said in the 1993 annual report that WHB would take up 20 per cent equity interest
          Bernama  -  77 words
        • Article
          Lock icon Mitsubishi may raise Philippine output
          71 20 AFP TOKYO Japan's Mitsubishi Motors Corp is considering plans to expand its assembly of motor vehicles in the Philippines to meet growing demand, a spokesman said yesterday. But the spokesman said he was unable to confirm a Jiji Press report from Manila that the company
          AFP  -  71 words
        • Article
          Lock icon Sony to boost chip output in Thailand
          64 20 AFP TOKYO Japan's Sony Corp plans to boost output of bipolar integrated circuit chips in Thailand by 25 per cent to 20 million units a month to meet growing demand, a company spokesman said yesterday. He said the production rise at Sony's six-year
          AFP  -  64 words
      • Article
        Lock icon KL Main Board stocks with small capital to go scripless
        454 20 Bernama KUALA LUMPUR The Malaysian Central Depository Sdn Bhd plans to progressively convert Main Board counters with smaller paid-up share capital into scripless counters. From June 20, Matsushita Electric Co (M) Bhd will come under the Central Depository System, making
        Bernama  -  454 words
      • Article
        UNIT TRUSTS & FUNDS
        521 20 UNIT TRUSTS FUNDS Managers' price* Jun 9 UMB Invest Mgt Ltd Singapore Unit Trust ,'o?l ,o» The t ommcrce 1.64 l.74xd United Gr Fund' 166 1.73 The Savings Fund 1.53 1.62 United Asia Fund I 66 1.76S'poic Prog Fund 0.69 0.73 s-porc See Fund 103 109 UOB Life Assurance ypore
        521 words
      • Article, Illustration
        300m baht for Thai broking seat a world beater
        565 20  -  From Loh Hui Yin in BANGKOK A STOCKBROKING seat in Thailand will be among the most expensive in the world, if not the most, despite concessions made by the Stock Exchange of Thailand (SET) after pressure from the government. Although the
        565 words
      • Article
        Lock icon Hicom to be component stock of KLSE index
        139 20 Bernama KUALA LUMPUR Hicom Holdings Bhd, a government conglomerate, will be introduced as a component of the KLSE Composite Index from June 14. According to a Kuala Lumpur Stock Exchange announcement to members yesterday, Hicom will be the 86th component of the
        Bernama  -  139 words
      • Article
        Lock icon UEM, KLIH in venture to manage govt medical stores
        265 20 Bernama KUALA LUMPUR United Engineers (Malaysia) Bhd and Kuala Lumpur Industries Holdings Bhd (KLIH) are in a 70-30 equity venture to take part in the government's privatisation of its medical stores. UEM yesterday said it would subscribe for 13,999,998 ordinary MSI
        Bernama  -  265 words
      • Article
        Lock icon Golden Plus going back to core activities and businesses
        300 20 NST KUALA LUMPUR Golden Plus Holdings Bhd will abandon the corporate diversification strategy it embarked on last year, opting instead to refocus on its core activities of quarrying and related businesses from now on. Property development and engineering activities will also
        NST  -  300 words
      • Article
        Lock icon KL to get 16pc equity in US$1.5b three-nation venture
        307 20 Bernama KUALA LUMPUR Malaysia is expected to get 16 per cent equity in the US$l.5 billion (552.3 billion) Malaysia-China-Japan venture in China. EON Bank Bhd chairman Rin Kei Mei yesterday said the Chinese group China North Industrial Group, China Aerospace Corporation
        Bernama  -  307 words
      • Article
        Southern Bank posts 24pc higher profit, replaces bond issue
        412 20  -  From Ho Kay Tat in KUALA LUMPUR SOUTHERN BANK Bhd yesterday reported a 24 per cent rise in its group net profit for calendar year 1993 to M 544.06 million (5525.99 million) from M 535.48 million, and at the same time
        412 words
      • Article
        Lock icon SM Prime shares have ready buyers on July listing
        110 20 AFP MANILA Prospective buyers have already committed themselves to take all l.ilS billion shares of SM Prime Holdings Inc upon the official listing of the company on the Philippine Stock Exchange in the first week of July, a company spokesman said.
        AFP  -  110 words
      • Article
        Untitled
        1208 20 Payment Ex Books Pay date close date ABR Hldgs 5* F 9 Jun 2V Jul 5 Jul 15 Acma F 10 Jun 14 Jun 20 Jul S Amcol 25' F 20 Jul 26 Aug I Aug 23 Apollo b 2.5 Jun 14 Jun 20 Jun 30 Bon vests 50* b
        1,208 words
      • Article
        Lock icon Winner of Sydney casino project keeps dice rolling in Asia
        510 21 Reuter SYDNEY Australian developer Leighton Holdings Corp put its chips on Asian development projects long before many other Western companies had even approached the table. And now the Sydney-based firm has won a potential jackpot on home soil. Leighton. winner
        Reuter  -  510 words
      • Article
        Lock icon Property developer SEA Holdings to spin off New Zealand arm
        181 21 Reuter HONGKONG Property development and investment group SEA Holdings Ltd says it plans to list its New Zealand property investment arm, Seabil (NZ) Ltd, separately through an offer of shares and convertible capital notes. Seabil (NZ), an indirectly wholly-owned subsidiary
        Reuter  -  181 words
      • Article, Illustration
        Lock icon Budget rumours fuel trading
        40 21 Reuter KARACHI Brokers at Pakistan's stock exchange scrambling to buy fuel and energy shares yesterday on rumours that the government plans to give incentives to the power sector in its Budget which is due today. Reuter
        Reuter  -  40 words
      • COMPANY BRIEFS
        • Article
          Lock icon Work on the real thing starts
          77 21 AFP HONGKONG Construction has started on the first of 10 planned Coca-Cola bottling plants in China. The US soft-drink giant yesterday said a US$22 million (5533.6 million) bottling plant was being built in north-eastern China's Harbin under an expansion plan that would increase the
          AFP  -  77 words
        • Article
          Lock icon BA keen on Chinese joint ventures
          88 21 Bloomberg Business News LONDON British Airways pic wants to become further involved in the modernisation of China's air transport industry through ventures with local carriers. The Financial Times yesterday said David Holmes, director of government and international affairs, had confirmed that BA was talking
          Bloomberg Business News  -  88 words
        • Article
          Lock icon Hambros' profits up 44pc
          74 21 AFP LONDON The British commercial bank Hambros yesterday reported a 44 per cent rise in annual pre-tax profits at £90.5 million (Ss2oB million) compared with £62.8 million the previous year. Earnings per share rose to 26.3 pence from 19.4 pence a year earlier, while the dividend
          AFP  -  74 words
        • Article
          Lock icon NEC, Canon in talks with US firm
          70 21 AFP TOKYO Japan's NEC Corp and Canon Inc are holding separate talks on tie-ups with America Online Inc, the third-larg-est personal computer network in the United States. A spokesman for NEC yesterday said the company was studying whether such a tie-up would be
          AFP  -  70 words
        • Article
          Lock icon Sanyo's exports to Belarus
          88 21 AFP TOKYO Japan's Sanyo Electric Co Ltd and two other companies have exported an 18 billion yen (***** million) compressor plant to the former Soviet republic of Belarus. A spokesman yesterday said the plant, with a capacity of 1,5 million compressors a year, would go into
          AFP  -  88 words
      • Article
        Lock icon Profit of top Japanese firms tipped to rise for first time in 5 years
        219 21 Bloomberg Business News TOKYO For the first time in five years, the combined current profit of Japan*s major companies will increase on the year this fiscal year, the Yamaichi Research Institute of Securities and Economics said
        Bloomberg Business News  -  219 words
      • Article
        Lock icon US govt won't oppose IBM's bid to repeal curb on services
        451 22 NYT NEW YORK The United States Justice Department will not necessarily oppose IBM if the company seeks an end to a 1956 federal court order restricting its business operations, the government's top anti-trust lawyer told a federal judge here
        NYT  -  451 words
      • Article
        Lock icon Avro sees lean pickings in short-haul jet industry
        305 22 Bloomberg Business News HONGKONG British Aerospace pic's regional jet division has warned there will be few survivors in the industry as it heads toward the year 2000. Avro International Aerospace estimates that 3,000 regional jets will be sold in the next 20
        Bloomberg Business News  -  305 words
      • Article
        Lock icon Sprint may establish telecom alliance in Europe
        347 22 NYT WASHINGTON A day after ending merger talks with Electronic Data Systems, Sprint Corp confirmed on Tuesday that it was negotiating a multi-billion-dollar alliance with the state-owned telephone companies of France and Germany. Although Sprint would not discuss specific figures, people familiar with
        NYT  -  347 words
      • Article, Illustration
        Lock icon Euro Disney sets higher price on planned issue
        309 22 Bloomberg Business News PARIS Euro Disney wants to price its planned sale of new stock at 10 French francs a share, higher than most analysts expected, and said it's not "prudent" to expect a profit before fiscal 1996. On the basis of
        Bloomberg Business News  -  309 words
      • Article
        Lock icon Kloeckner sees return to profit in 1994
        397 22 Bloomberg Business News DUISBURG, Germany Kloeckner Co AG, Germany's largest steel trading company, expects to make an operating profit this year after slipping into the red in 1993. Earnings will be helped by a planned overhaul in the group's portfolio, which will include
        Bloomberg Business News  -  397 words
      • Article
        Lock icon Hagemeyer buys US-based food firm
        206 22 Bloomberg Business News NAARDEN, Netherlands Hagemeyer NV, a Dutch international trading company, has bought Florida-based food distributor Hi-Grade Food Specialties from the Irish Dairy Board Group. The Dutch company yesterday also said it had acquired the US distribution rights for the Yorx consumer-electronics brand. Financial
        Bloomberg Business News  -  206 words
    • FINANCE & COMMODITIES
      • Article
        Simex likely to launch Nikkei 300 in September
        401 23  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange is likely to launch the Nikkei 300 Stock Index futures in September to coincide with its 10th anniversary. But Simex president Ang Swee Tian would not confirm this, only saying that "we
        401 words
      • Article, Illustration
        Lock icon Seeing red over greenback
        39 23 AFP MOSCOW A fake US$lOO bill made from a US$l bank note. Crime experts at the Interior Ministry have noted a ten-fold increase in requests by banks and individuals to check for counterfeit bills. AFP
        AFP  -  39 words
      • Article
        Lock icon China faces dilemma over opening of insurance market
        580 23 AFP SHANGHAI China's insurance boom is posing a serious dilemma for domestic insurers, who recognise the inevitability of foreign participation but are unwilling to relinquish a virtual monopoly, analysts say. Foreign insurance firms are champing at the bit for a run on
        AFP  -  580 words
      • Article
        Lock icon Balsam fraud case may hit top banks
        210 23 Bloomberg Business News FRANKFURT The arrest of top managers at Balsam AG over an alleged multi-billion mark fraud may expose one of Europe's largest factoring firms and major German banks to losses. Frankfurter Allgemeine Zeilung reported. The German daily said the loan losses
        Bloomberg Business News  -  210 words
      • Article
        Lock icon Tokyu Department Store to sell 40b yen in bonds
        240 23 Bloomberg Business News TOKYO Tokyu Department Store will sell 40 billion yen (*****.6 million) in fouryear bonds to individual investors in Japan between June 17 and June 24, said an underwriter at Nomura Securities, the lead underwriter of the bonds. The
        Bloomberg Business News  -  240 words
      • Article
        Lock icon China shuts down huge illegal bank set up by state building firm
        322 23 Bloomberg Business News BEIJING China has revealed that earlier this year it shut down a huge unlicensed bank set up by a leading state construction firm to skirt government curbs on credit, the official Financial News reported. Guangdong
        Bloomberg Business News  -  322 words
      • Article
        Lock icon Japanese bank woes not solved by securitising loans
        317 23 AFP TOKYO The bad debt problems at Japanese banks would not be solved by simply converting non-performing loans into securities as banks have suggested, says Moody's Investors Service Inc. In a report released yesterday, Moody's said: "The poor quality of the assets
        AFP  -  317 words
      • Article
        Lock icon Tighter supervision of Aussie banks trading derivatives on the cards
        346 23 Knight-Ridder SYDNEY Australian banks trading derivatives may be forced to improve disclosure of their obligations following a survey by the Reserve Bank of Australia. The survey the first comprehensive Australian study into the nature and growth of derivatives activity examined
        Knight-Ridder  -  346 words
      • SMALL CHANGE
        • Article
          Lock icon Merrill issues HSBC call warrants
          54 23 Reuter HONGKONG Merrill Lynch International and Co has issued 100 million US-style call warrants on shares of HSBC Holdings pic, Merrill Lynch said. One share is controlled by 10 warrants. The exercise price is HKSB7.OO (S$ 17.24) and the issue price HK51.914. The warrant matures
          Reuter  -  54 words
        • Article
          Lock icon HK firm withdraws planned Eurobond
          56 23 Reuter HONGKONG Finance company Shanghai International (HK) Ltd said it decided not to go ahead with an issue of US$5O million (5576.6 million) convertible guaranteed bonds due to the sentiment in the Euro-convertible bond market. Its directors said the move would have no material impact
          Reuter  -  56 words
        • Article
          Lock icon ATMs to make debut in Vietnam
          82 23 AFP HANOI Vietnam is to install its first automated teller machines next year in Hanoi and Ho Chi Minh City, a report said yesterday. The State Bank of Vietnam is to launch a pilot scheme with Mastercard to put 40 cash machines in hotels
          AFP  -  82 words
        • Article
          Lock icon JCR assigns AAA to World Bank bond
          57 23 Reuter TOKYO Japan Credit Rating Agency Ltd said it has assigned an AAA rating to the International Bank for Reconstruction and Development's (World Bank) two billion yen (Ss29 million) eight-year floating rate Eurobond. The issue date of the bond was yesterday, and it
          Reuter  -  57 words
        • Article
          Lock icon Sumitomo Life head to quit over losses
          56 23 Bloomberg Business News TOKYO Yasuhiko Ueyama will resign as chairman of Sumitomo Life Insurance Co to take the blame for 700 billion yen in bad debts held by its six affiliated non-bank financial institutions, Nikkei English News said. He will be replaced by
          Bloomberg Business News  -  56 words
      • Article
        Bangkok's Multi-Credit gets US$42m loan from consortium
        352 23  -  By Shiv Taneja SINGAPORE Bangkoklisted Multi-Credit Corp of Thailand yesterday signed a deal to raise US$42 million (5564.3 million) from a consortium of 14 banks here. With the Thai central bank's recent ruling to limit the foreign currency exposure of Thai finance and
        352 words
      • Article, Illustration
        Lock icon Increased capacity, competition eat into refining margins
        614 24 Platts-Oilgram SINGAPORE Refining margins are declining rapidly in Asia, a reflection of a structural change in the market due to increased refining capacity and cut-throat competition, refining sector sources here say. One Singapore-based refiner calls the outlook "bleak", adding that profitability "is likely
        Platts-Oilgram  -  614 words
      • Article
        Lock icon Dwindling raw sugar output strains Asian supplies
        465 24 Knight-Ridder HONGKONG Strong demand for tolling will continue to strain raw sugar supplies in Asia, trade sources in the region say. Tolling involves the import of raw sugar for re-export as white sugar. Until Australian raw sugar becomes available at the end of
        Knight-Ridder  -  465 words
      • Article
        Thailand allows foreign stake in state gas project
        151 24 BANGKOK The Thai cabinet will allow the state-owned Petroleum Authority of Thailand to sell part of the country's newest gas-separation plant to foreign investors, The Nation newspaper said. Tuesday's ruling allows PTT to sell up to 20 per cent interest in the
        151 words
      • Article
        Lock icon Energy treaty seeks to revive Russian oil and gas industries
        489 24 AFP BRUSSELS Senior officials from 50 countries met here on Tuesday to hammer out final details of an energy treaty aimed at rehabilitating the oil and gas industries of Russia and its neighbours. Officials said delegates at the four-day conference
        AFP  -  489 words
      • Article
        Lock icon Steep rubber prices keep Japanese away
        427 24 Reuter TOKYO Surging rubber prices in Asia have made Japanese traders limit buying to a minimum until prices cool down, industry sources say. "Although supplies are tight in nearby months, most traders are sidelined until prices fall. Only those with immediate demand to cover
        Reuter  -  427 words
      • Article
        Lock icon Lonrho S African mine strike cuts output by 40,000 tonnes
        177 24 Knight-Ridder JOHANNESBURG Some 3.500 workers at South Africa's Eastern Platinum Mine yesterday ended a seven-day strike, which cost the mine nearly 40,000 tonnes of ore in lost production, a spokesman for mine-owner Lonrho South Africa said. No production had taken
        Knight-Ridder  -  177 words
      • Article, Illustration
        Untitled
        1456 24 cakitlaifj avumsi S'panr'i lii/) 14 trading parriHT. Ban- year USS/SS forward rates Noon June 8 Bid Offer 1-month I 5313 1.5328 2-month 1 5307 1.5322 3-monlh 1.5302 1.5317 6-month 1.5286 1.5306 Sonnr OCSC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on June 8 Singapore dollars (o one unit
        1,456 words
      • Article
        Lock icon Oil deal will go ahead: Azeri leader
        303 24 Reuter MOSCOW Azeri President Haydar Aliyev said Russia was not standing in the way of his country's plans to develop Caspian Sea oil deposits with foreign companies. "Azeri oilmen have been extracting oil from the Caspian basin since 1949 No one, no force,
        Reuter  -  303 words
      • Article
        Lock icon New York
        85 24 AFP NEW YORK rhe dollar was slightly up against other major currencies with the exception of the Swiss franc in early trading on Wall Street yesterday. The ounce of gold meanwhile was 60 cents up at U*****.70 compared to its Tuesday's close. The dollar was at 1.6685 marks
        AFP  -  85 words
      • Article
        Lock icon CURRENCY REPORTS – London
        179 24 CURRENCY REPORTS London Bloomberg Business News LONDON The dollar fell to a three-week low against the yen yesterday after US Commerce Secretary Ron Brown said the US is still willing to consider using trade sanctions against Japan to force it to open its markets. The dollar fell as low as
        Bloomberg Business News  -  179 words
      • Article
        Lock icon Prices mixed in reaction to US inventory news
        176 24 Bloomberg ENERGY REPORT Bloomberg Business News LONDON Oil futures prices reacted in a mixed fashion yesterday to oscillations in US inventory levels, brokers said. Traders' interpretations varied following a report by the American Petroleum Institute, which showed an unexpected drop in crude
        Bloomberg Business News  -  176 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures up on stronger yen
        1388 25 SIMEX RfPOfiT Reuter SINGAPORE Simex Euroyen and Eurodollars close firmer in moderate trade yesterday. Dealers said Euroyen was firmer on the back of the strong yen. Sentiment was also boosted by the rebound in the Japanese government bond market. A trader with a US
        Reuter  -  1,388 words
      • Article
        KL tin rebounds 26 sen to M$14.26
        585 25 COMMODITY REPORTS Till TIN rose 26 sen to close at M$14.26 a kg as sentiment was buoyed by rises in London and European trade buying due to a weaker ringgit. Despite a higher local premium to LME ot US$55 against US$35 on Tuesday,
        585 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          ICCO sees sharp rise in cocoa output
          106 25 LONDON The Council of the International Cocoa Organisation (ICCO) has adopted projections for world cocoa consumption and production through the 1998-1999 crop year which show a sharp rise in output over its official estimates in April. The document adopted under the terms of
          106 words
        • Article
          Malaysia's cocoa output seen steady
          179 25 SINGAPORE Malaysia's 1994 cocoa bean output is seen remaining around the 200,000 tonnes produced in 1993, according to a senior official from the Malaysian Cocoa Board and traders. And the 200,000-tonne level will be preserved despite attacks on the cocoa crop by pod borers and
          179 words
        • Article
          Strike at S African mine ends
          95 25 JOHANNESBURG Some 3,500 workers at South Africa's Eastern Platinum Mine yesterday ended a seven-day strike, which cost the mine nearly 40,000 tonnes of ore in lost production, according to a spokesman for mine owner Lonrho South Africa. No production had taken place during the
          95 words
    • Article
      COMMODITY PRICES
      1437 25 Rubber Singapore Commodity Exchange (futures closing as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 94 163.00 161.25 163.00 200 2800 Aug 160 50 157.50 160.50 250 1150 Sep 155.50 154.00 157.00 500 2475 Oct/Dec 154.50 154.00 156.50 >000
      1,437 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1351 26 +9.5 FIRMER base metal prices and sustained buying in blue-chip stocks helped the Australian stock market to a stronger close yesterday. The All Ordinaries index closed 9.5 points up at 2079.7, oft' a high of 2082.5. Brokers said the exchange also took courage from improved sentiment in the gold
        1,351 words
      • Article
        Manila
        619 26 +0.75pc The Philippine stock market finally recovered yesterday in what analysts described as a technical rebound after falling for four consecutive days. The Philippine Stock Exchange composite index rose 0.75 per cent to 3,017.16 points, up from the 2,994.55 points posted on Tuesday after a 4 per cent slide
        619 words
      • Article
        Taipei
        544 26 +28.73 Taiwan share prices closed off highs in heavy trade on Tuesday's news that Taiwan's exports hit a record high of US$B.5 billion in May, brokers said. The index ended up 28.73 points at 6,098.58, off a high of 6,153. Turnover rose to NT$B3.B billion from NT566.17 billion. Financials
        544 words
      • Article
        Seoul
        452 26 11.3 Seoul stocks closed sharply higher in moderately active trading and some brokers attrib- uted the rise to a technical rebound. "After the recent fall, the market regained some strength." said Chung Suk Ho of tlanshin Securities. The composite index ended 11.30 points higher at 933.02. Brokers said the
        452 words
      • Article
        New Zealand
        264 26 -5.53 New Zealand shares failed to rally from weakness in opening trade and ended softer. The NZSE-40 capital index closed at 2,116.35, off 5.53 points, only marginally firmer than the 2,115.34 opening. Brokers said it was a featureless and directionless day. Forestry stocks Carter and Fletcher Forest failed
        264 words
      • Article
        Bombay
        61 26 16.08 Bombay shares recovered from a downturn in early trade and closed higher after a surprise announcement of a bonus issue by Tata Tea triggered a spate of buy orders, brokers said. The Bombay Stock Exchange (BSE) 30-share index rose 16.08 points to close at a provisional 4049.74. The
        61 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        696 26 Britannia Funds Sterling Cash Bid Offer Mini Cap Deposit 38 6400 38 6500 Mini kne« Gilt 0 1843 0 199 2 Mini Mat Income *0 9100 *0 9500 L S$ Cash Income Plus Fund V 8100 10 3400 PS 1 Reserve Fund 5.2700 5 2800 Euro PeSJraaae* 0 4592 0
        696 words
      • Article
        London
        717 26 +33.4 UK stocks rose amid hopes that European interest rates could decline further while inflation remains subdued. That's after the Bundesbank cut short-term interest rates, and four of the world's most powerful central bankers said inflation remains under control. Also helping were hopes that company earnings will rise this
        717 words
      • Article
        Paris
        155 26 +23.07 French stocks rose on signs that European economies arc pulling out of recession while inflation remains un- der control. That boosted expectations that corporate earnings could rise, and interest rates fall. The CAC 40 Index of blue-chip stocks rose 23.07 points to 2046.81, while the broader based SBF
        155 words
      • Article
        Stockholm
        118 26 +5.73 Swedish shares closcd higher after bond yields had fallen, led by lower overseas interest rates, traders said. The OMX Index of 30 leading stocks rose 5.73 points to 1134.01 in a day of volatile trading. The fixed-income market was also volatile while bond yields fell. The yield on
        118 words
      • Article
        Brussels
        115 26 15.64 Belgian stocks closed higher, buoyed by cuts in central bank lending rates and grcatcr-than-expectcd growth in Germany. The Bcl-20 index climbed 15.64 points, or 1.1 per cent, to 1472.13. Brussels Jh 8 Fraart FORWARD MARKET AG Km 2W 25 Acec ISJO Artwd 4630 20 Attar 12* Hi .ix
        115 words
      • Article
        Milan
        125 26 -2 Italian stocks ended mixed after an early rally ground to a halt, ending two days of gains. The Mibtel Index fell 2 points to 12,078. On Tuesday, the Milan market's Mibtel Index ended 2.3 per cent higher, one of its biggest one-day gains in about a month. Milan
        125 words
      • Article
        Zurich
        226 26 +23 Swiss stocks closed higher yesterday, boosted by renewed interest in Nestle SA, Sandoz AG and Roche Holding. The Swiss Market Index of 21 bluc-chip stocks, or SMI, closcd 23.0 points higher at 2,801.1, with 13 stocks advancing and eight falling. Zurich Jan 8 Kmcs -47Alusumc Br 470 S
        226 words
      • Article
        Frankfurt
        171 26 10.1 German stocks rebounded from Tuesday as bank shares recovered and the Bundesbank allowed the securities repurchase rate to fall to 5.10 per cent from 5.15 per cent. The DAX Index of 30 leading German shares rose 10.10 points to closc the floor trading session at 2145.20. That's up
        171 words
      • Article
        Amsterdam
        265 26 1.22 Dutch stocks closed higher after Bundesbank President Hans Tietmeycr fueled optimism about economic recovery and company earnings. Tietmeycr said Germany has emerged from recession, although the strength of the recovery isn't clear. The Amsterdam EOE Index of the 25 most traded stocks rose 1.22 points to 406.5, led
        265 words
      • Article
        Johannesburg
        316 26 +46 Equities ended firmer across the board as the market took heart from bullion's slow but steady climb and looked forward to raised foreign interest, dealers said. They said industrials had firmed after lagging recently, but warned that the sector remained vulnerable amid a lack of fundamental support. The
        316 words
      • Article
        Toronto
        305 26 •30.87 Stocks slipped in thin, directionless trade at noon yesterday, with traders concerned at the lack of activity. The TSE 300 composite index was down 30.87 points to 4241.19 in volume of 31.05 million shares valued at C 528.71 million. Declining issued exceeded advances 382 to 207 with 320
        305 words
      • Article
        New York
        766 26 ■3.39 Blue-chip stocks drifted lower at midsession yesterday. as the market consolidated ahead of key economic data due at the end of the week. The Dow Jones Industrial Average was off 3.39 points at 3,752.52 at 1 pm EDT. On the broader market, declining issues edged out advances
        766 words
    • Article, Illustration
      Lock icon HONGKONG
      2917 27 Bloomberg Business News HONGKONG Stocks were little changed in low turnover ahead of a government announcement concerning measures to reduce real estate prices. Hongkong real estate and share prices are closely related because many listed companies derive a significant part of their income from property development and investment. After
      Bloomberg Business News; Source: Bridge Info  -  2,917 words
    • Article, Illustration
      Lock icon CHINA
      513 27 CLSA THE CLSA Shanghai B Index edged up 0.6 per cent on turnover of only US$4.O million. Pilkington and Jin Jiang Tower were the more actively traded stocks for the day. The biggest gainer was Dajiang, rising 3.2 per cent on thin trading. Yesterday's trading was characterised by a
      CLSA  -  513 words
    • Article, Illustration
      Lock icon TOKYO
      2563 27 Bloomberg Business News TOKYO Stocks rose to their highest levels in more than two years after short-term interest rates remained low, throwing cold water on speculation that the Bank of Japan may be ending its efforts to keep interest rates at historic lows, traders said. The benchmark Nikkei 225
      Bloomberg Business News; Source: Bridge Info  -  2,563 words
    • Article, Illustration
      Lock icon BANGKOK
      1787 27 Reuter BANGKOK Thai stocks fell across the board yesterday on concerns about political stability sparked by wrangling over constitutional reform, brokers said. The SET index closed 12.98 points lower at 1,370.41, off the day's low of 1,358.04. Turnover was a heavy 10.1 billion baht, almost the same level as
      Reuter; Source: Bridge Info  -  1,787 words
    • Article, Illustration
      Lock icon JAKARTA
      1151 27 Bloomberg Business News JAKARTA Indonesian stocks were little changed as investors awaited the chance to earn quick profits from forthcoming initial public offerings. The benchmark Jakarta Stock Exchange Composite Index fell 1.21 points, or 0.25 per cent, to 484.90? Trading totalled 10.171 million shares worth 46.28S billion rupiah. compared
      Bloomberg Business News; Source: Bridge Info  -  1,151 words
    • Article
      CLOB INTERNATIONAL
      2336 28 MOST ACTIVE votum* Mutpha I nil 50c 3,336.000 Idris Hyd 50c 2,935.000 Kcnong Bhd 50c 2,543,000 Landmarks Bhd 2.434,000 Kamunting SOc 1,330.000 Sri H aria mas 1.076.000 Lien Hoc TSK97 786,000 Promci 767,000 Golden Plus H 736.000 KL Industries 638.000 Faber Group 631,000 FACB50c 451.000 MBf Hldgs 50c
      2,336 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares drift down as regional bourses steal interest
        5879 28 Bloomberg Business News KUALA LUMPUR Slocks were little changed in slow trading as investors were lured by other markets around the region yesterday. "There isn't much institutional interest today, and the market is dominated mainly by retail players aiming for short-term gains,"
        Bloomberg Business News; Source: Bridge Info  -  5,879 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7413 29 Transaction date: June 8 Gr Or 1994 Last Vol Da) Last Qyole IM« JW» >*« High Low Compaay Salt C000) High Lo» Buyer Seller Ot P/t Mnil INDUSTRIAL AND COMMERCIAL 1440 835 I s Acma 870 cd unch 201 880 860 870 880 17.5 2.1 2.0 13.9 599.7 800 400
        7,413 words
      • Article, Illustration
        Lock icon Prices continue sagging in lacklustre trading
        1831 30  -  By R Sivanithy SINGAPORE Trading here yesterday continued along the lines set since the start of the week prices closed weaker in tired trading. The Straits Times Industrials Index dropped 1.56 points to close at 2,265.65, while the broader market also lost ground the
        Charts by Bridge Info; Source: Bloomberg  -  1,831 words
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      194 19 NEWS VALUE //oh today's news might affect your slocks New rules to cool HK property prices seen as prudent (PK I) Hongkong's stock market had feared the worst, so the "prudent" package should have a stabilising effect. Foreign share of manufacturing investments keeps growing (PX I) Underlines Singapore's solid economic
      194 words
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      Page 23 Advertisements Column 2
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      Page 25 Advertisements Column 2
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      Page 26 Advertisements Column 1
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      23 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 PLAY SMART Be part of the good life. Lifestyle. Everyday. -m Singapore rr Business Times WE KNOW ASIA
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      168 30 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF HOUTON ENGINEERING A TRADING PTE LTD (la Members' VWantary Liquid***) NOTICE IS HEREBY GIVEN punuant to Scctioo 308(2) of the Companies Act Cap. 50 that the final Meeting of the Members of the above-named Company will
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      307 30 IN THE MATTER OF THE COMPANIES ACT, CAP JO AND IN THE MATTER OF CASPIAN MARKETING PTE LTD (In members 'Voluntary Liquidation) Members" Voluntary Winding-up At an Extraordinary General Meeting of the members of the abovetutmed company duly convened and held at 141, BRADDELL ROAD, SINGAPORE 1335 on 6TH JUNE
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  • Shipping Times
    • Article, Illustration
      Lock icon PSA to provide expertise to firms doing port-linked R&D
      365 31  -  By Dexter Lee SINGAPORE The Port of Singapore Authority will introduce new technology and provide technical and management expertise to local companies to encourage portrelated research and development. The authority said yesterday it had signed a Local Industry Upgrading Programme work
      Photo by Arthur Lee  -  365 words
    • Article
      Lock icon Oil tanker freight rates slump to 1994 lows
      535 31 Reuter LONDON Freight rates for oil tankers have slumped to 1994 lows in a depressed market where the onus is on shipowners to withdraw some of the excess supply of ships if rates are to improve, analysts and brokers said on Tuesday.
      Reuter  -  535 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      824 31 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      824 words
    • Article
      Make waters safer, S-E Asian states urged
      276 31  -  By Rahita Elias SINGAPORE South-east Asian governments have been urged to further promote safety in their waters through greater cooperation and more stringent implementation of International Maritime Organisation (IMO) rules. The recommendations were made by Prof Tommy Koh and Prof Douglas M Johnston
      276 words
    • Article
      Lock icon Tokyo vice-minister accepted gift cert from shipbuilding foundation: newspaper
      477 31 NYT TOKYO An official of a scandal-tainted shipbuilding foundation gave a vice-minis-ter of the Transportation Ministry a gift certificate worth 50,000 yen (*****) at a golf tournament the foundation official sponsored in August 1992, national daily Asahi Shim bun has learned.
      NYT  -  477 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        633 32 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port r*o 84u poi along** ioo6i<oo 6 Donan 406N 116 0906/2359 timber trade 401 P04 alongside 09 06/0/00 At Han« lung 2 J5 alongside 0906/2300 tuns Star 121 B P03 alongside 0806/1530 ir*** 05/94
        633 words
      • Article
        CONTAINER SCHEDULES
        1335 32 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 Aa Jade 1896 10/1100 1A 08/1500 08/1659 08/1900 3 09/0700 09/1159 09/1400 4 09/1200 09/1459 09/1700 Aa U, 0506 10/2000 1A
        1,335 words
    • Article
      THE SHIPPING GUIDE
      11555 40 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. LEGEM) PN: ship calls at Penang after
      11,555 words
    • Article
      SHIPPING AGENTS
      3275 45 51 4 a.B( ontainerline NV: Bclsin Shpg Pie Ltd (SVMarinc Handling S*n Bhd (PK/PN). ycord Group: Accord Shpg Ptc Ltd (|Qccord Contr Line (PK/PN). aihm Business Cocponition Philippine: (jNsourcc Shpg Trdg Ptc Lid (S) Afcrenkiel Liner Service. Kim Shpg iJyg(S). .AMwtro* Sea-Air Service: frata Shpg Ptc (S). .Aflftcd
      3,275 words
    • Article
      COURIER SERVICES
      282 45 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. /US Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Sen ices
      282 words
    • Article
      AIR FORWARDERS
      1520 45 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,520 words
    • Article
      PORT CONDITIONS
      1826 46 ALBANIA Durres: Four vessels operating of which I loading bulk chrome ore. 1 each discharging bagged urea, beer in pellets, bagged Hour, 2 vessels in roads awaiting berths of which 1 to discharge bagged cement, I to discharge gasoline. ARGENTINA Santa Fe: No vessels. Diamante: One loading maize,
      1,826 words
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      CRUISE & FERRY SCHEDULES
      973 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp .Name of Vessel E I'A K I D Ports of Calls Port Agent Telephone No JUNE 09 09 Club Med 2 0800 1900 Cruise to Nowhere Harpers Shipping 221-1388 09 09 Renaissance 2 0900 2015 Cruise to Nowhere Lines Intl Holdings 224-2763 10
      973 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1075 46 SHIP SALES TANKER RATES AFP THE week has been dominated, as have so many weeks recently, by activity in the handy bulkcarrier section. However a fresh development is the more positive movement from Korea to acquire such tonnage. Concentrating initially on the Korean interest, their reported purchases include the handy
      AFP  -  1,075 words
    • Article
      COCKETT BUNKER MARKET REPORT
      924 47 THIS twice weekly report, compiled by Cockett 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
      924 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      578 47 Carbon Cartoon June 3 Density Water Residue Ash Munrnum Sedment Density Water Residue Ash Ahiririun Sedment M/M M/M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 U/V I M/M M/M PPM method 60/Cmac Units Spec E25 991 1.0 15 0 0.10 30* 010* Eastern USA
      578 words
    • Article
      Daily Freights
      1682 47 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,378 on Tuesday from 1,392 on June 6. Trading has been extremely slow for most sizes in most areas of the freight market, brokers said. Panamax activity has almost ground to a halt both in the
      1,682 words
    • Article, Illustration
      Lock icon Steering a new course in ship handling
      885 48  -  With fewer opportunities for on-the-job training, many aspiring ship officers are using bridge simulators in their classes. Jonathan Rabinovitz reports Jonathan Rabinovitz NYT THE SUN had set on the Singapore Strait, and Patrick Lynch, the 21-year-old rookie third imate on the oil tanker
      NYT  -  885 words
    • Article
      TRANSPORT DIARY
      489 48 COURSES Title: Import/Export Shipping Procedures (SDF 50%) Duration: Jun 16 Aug 4 (8 evenings) Organiser Elim Management Services. Tefc For further details/registration, call: *****70. Title: Standard Trading Conditions (SDF 70%) Duration: Jun 16 Jul 28 (7 evenings) Organiser Singapore Freight Forwarders Association Tel: For more information contact SFFA
      489 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Air space disputes souring Beijing-Seoul trade ties
        495 50 FT LONDON Two air space disputes are souring China's otherwise good economic relations with South Korea and Russia. Under pressure from foreign airlines seeking both to take advantage of the economic boom in China and cut costs and flying time across the Pacific
        FT  -  495 words
      • Article, Illustration
        Lock icon A first for Japan and Spain
        53 50 Reuter TOKYO Spanish Ambassador to Japan Antonio de Oyarzabal (left) and Nissan Motor president Yoshifumi Tsuji at the launch of the made-in-Spain recreational car, Mistral, on Tuesday. The sales launch marks the first time a Japanese car maker has imported a Spanish-made vehicle into
        Reuter  -  53 words
      • Article
        Lock icon US airline gets faster-than-normal approvals to operate
        346 50 Bloomberg Business News DENVER, Colorado The US Department of Transportation on Tuesday issued a final order finding Frontier Airlines Inc fit to operate as an air carrier. Officials of the Denverbased airline said everything was on track to begin service July 5 between
        Bloomberg Business News  -  346 words
      • Article
        Lock icon BAe, Fokker among many pondering regional jet tie-ups
        567 50 Bloomberg Business News PARIS British Aerospace confirmed that it is talking to Dutch plane maker Fokker about linking up in the commuter aircraft business, possibly through purchasing an equity stake. Lan Woodward, a spokesman for BAe, which makes both commuter jets also
        Bloomberg Business News  -  567 words
      • Article
        Lock icon Lack of successor may mean end of Concorde: BA chief
        270 50 AFP LONDON British Airways chairman Colin Marshall said on Tuesday the Concorde aircraft may reach the end of its flying life "in 10 to 12 years" without a viable supersonic aircraft replacement in sight. BA's fleet of seven Concordes were
        AFP  -  270 words
      • LOG BOOK
        • Article
          Lock icon Jakarta cuts budget for German ships
          82 50 AFP JAKARTA Jakarta has slashed US$7OO million (SSl.l billion) off a budget to refurbish and build facilities for 39 ships that Indonesia has bought from the arsenal of former East Germany, a minister said on Tuesday. Finance Minister Mar'ie Muhamad told a parliamentary hearing
          AFP  -  82 words
        • Article
          Lock icon S Korean shipbuilding orders fall
          80 50 Reuter SEOUL South Korean shipyards won orders totalling 1.56 million gross tonnes (GT) comprising 54 ships in the first five months this year, down from 2.51 million GT, or 60 ships, a year ago, the Korea Shipbuilders' Association said on Tuesday. Foreign orders totalled 47
          Reuter  -  80 words
        • Article
          Lock icon Martin Marietta's US$29.5m orders
          77 50 Reuter BETHESDA, Maryland Martin Marietta Corp said it received orders totalling U5529.5 million (5545.1 million) for continued production of 84 flight control electronic sets and spares for McDonnell Douglas Corp F/A-18C and D aircraft. The company said the equipment includes 36 shipsets for the US Navy,
          Reuter  -  77 words
        • Article
          Lock icon Teamsters approve new freight deal
          62 50 Bloomberg Business News WASHINGTON The Teamsters union last week approved a four-year national freight agreement with US trucking companies that it claims will help preserve jobs. The vote showed a margin of 81 per cent in favour, the International Brotherhood of Teamsters said. The previous
          Bloomberg Business News  -  62 words
        • Article
          Lock icon UK air control sale won't lessen safety
          67 50 Reuter LONDON The Civil Aviation Authority (CAA) regulatory body said on Tuesday privatisation of Britain's air traffic control organisation would not undermine safety standards. CAA chairman Christopher Chataway said the National Air Traffic Services (Nats) group, which the government wants to sell off,
          Reuter  -  67 words
        • Article
          Lock icon Hungarian airline sees profit in 1994
          67 50 Reuter BUDAPEST Malev Hungarian Airlines expects to make a pretax profit of 69 million forints in 1994, on revenues of 37.54 billion, its spokeswoman said on Tuesday. Like much of the European airline industry, Malev is losing money in its main business, transporting people
          Reuter  -  67 words
      • Article
        Lock icon World passenger traffic at airports up 7pc in February
        240 50 Bloomberg Business News PARIS Passenger traffic at the world's major airports rose 7.2 per cent in February compared with the year-earlier period, said the Airports Council International, an airport trade group based in Geneva. Growth was particularly strong in Asia, rising
        Bloomberg Business News  -  240 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1403 50 Ctty nm ETA FlgM ETD_ Abu Dhabi Gf 146 1120 Gf 147 1850 GA965 1435 SQ441 1505 Adelaide QF81 1925 QF82 2055 SQ228 1955 Amsterdam KL843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1255 KL837 1450 Athens SQ347 1725 Auckland SQ286 2040 BAll 1505 SQ288
        1,403 words
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      19 31 to EVERYWHERE In the world HOTLINE *****30 Mega Fax Service Launched For more information, please refer to Pg- 6
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      27 31 Lin«« and sorvkos roprosontod by Members of the Registry of Accredited Shipping Agents, Singapore National Slip- UJJJjJMi) plug Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      55 31 the jg FAMOUS f° n <6 CauKOPg ■IMillgl* 224 1833 I For more information plei«« refer to Pg. 15 Steering a new course in ship handling, Pg 189 Air space disputes souring Beijing-Seoul trade ties, Back Pg CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday.
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      399 32 TSKLINE AGENCIES (S) PTE. LTD. 'I WjT w vmjvi Tel: 226-3363 J. «3# J\,# Fax: 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I 0508 06.06** 08.06** 0716 IMS liK 2M6 21J06 ACX WOL£T 0356 08.06* 10.06 10.06 14.06 15.06 20.06 24.06 25.06 25.06 26.06 C. U«>
      399 words
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      1488 32 DtMCT TO UtA Wt.T COAST <«C>-««>« CHUFOWA EXWtJW) I T P *UfT *VKimmtH tfVUr WffTMMW WffCTl, j store u qm k» gi an horbtor cmc m »boi «aa «or no stoe mi hum* btmm* nixamrm* imt* pi sir raw* iirnw an in- 1 CALITORNA LUNA V 66 IS-lit 2 7
      1,488 words
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      2187 33 b OOCL (3) PTE LTD JARDINE SHIPPING AGENCIES 7t c«^ TEL' *****13 FAX' *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) EK***®. T f *rL ®^4 FAX: ***** 1 CFS TEL: *****6 BOOKINGS TEL: *****80 *****81/ *****82 ocif£S JsV7B^,non^ CUSTOMER SVC TEL: *****92/*****91/*****93 S2L 251^,, KEPPEL
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      1860 33 w Aim j:U!ima MAERSK EXPRESS SERVICE TO CHILE IN ONLY 32 DAYS NEXT SAILING LUNA MAERSK V.9412 ETA SIN 15TH JUNE 1994 VMM Voy ETA ETD Faedwed by destinations TO* «m> LUNA maersk VWOB 4f.B«HHU.!WMKMWTTa^T^Min,i.ii!.i.i.CTMawgaw!»w»^wnwiffHf>w lvoe oaoo hrs CFS 14/06 2358 HRS JOH LPK PEN OAK LQB SFO MEM ATL
      1,860 words
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      1610 34 AQABA R DAM/ li ALSO ACCEPTB4G FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA ELBE 22/322 11/6 20/6 27/6 29/6 2/7 4/7 6/7 Pof K o)anq. Penang THAMES 23/123 17/6 4/7 5/7 7/7 Pasir Gudang HANNOVER EXPRESS 20/323 18/6 27/6 4/7
      1,610 words
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      676 34 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vootochny, 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 CGM Korrigan V.2184 14/6 12/7 CGM Normandie V.2194 21/6
      676 words
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      1173 34 I NORASIA NORASIA MUBARAK 9423 4 15/06 0//07 08/07 09/07 10/07 11/0/ 12/07 13/07 14/07 IVO7 I NORASIA AL MANSOORAH 9424 3 22/06 14/07 15/07 16/07 17/07 18/07 19/07 20/07 21/07 21/07 I ARABIAN SEA 425* 29/06 21/07 22/07 23/07 24/07 25/0/ 26/07 27/07 28/07 I NORASIA SUM 9426 3
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      1454 35 PW STRAITS SHIPPING PTE LTD Mgf 10 Hoe Chiang Road #11-01 Koppol Towers I i o 0208 Tel: *****88 Fax: *****17 s new guinea pacific line ■■■■liiilSikMaUlllKiilliltKiAllaAaMiaiUH (A SERVICE OF CHINA NAVIGATION CO) CARGO 0U SAK.S PT STRAITS PMDt VIOC Muara. Lab 10-11 km 12 km 13 hmo rCL> lcL
      1,454 words
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      Page 35 Advertisements Column 2
      3266 35 SINGAPORE AGENT: |JX7f| I AtlfairiAttC p&0 Container# (Singapore Agencies) Pte Ltd OC\ ilif f LfllllVA 9 10 Hoe Chiang Road #07-01 Keppel Towers Singapore 0208 W3l Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 V CR Number: **********0Z EXPORT IMPORT VESSEL VOY -P*K) *PKG SIN SOU ANT
      3,266 words
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      598 36 EKA JAYA AGENCIES !>3||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HQ CMI IHW CITY PAGER IMAWOPMONK/OWKCT mknhy HOB am rrwa/wnw HUM CHAW a—B MM77KHMTW MAMOJ mows IMMTM TO VIETNAM/HCMC CONTAJNEft-PEKDCf! I^—SERVICE RgMCTgg* CENTER-POINT i w |lwis> y lines Koa not In« stmi w» |m hcmc I"
      598 words
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      Page 36 Advertisements Column 2
      1642 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR m HAUL SEA TVR POX FOR VSI SM iLMHAUI SA* Ul RTC HANJIN ELIZABETH 012E H/6 DRECT 30/6 1/7 2/7 HAMN ELIZABETH 012E 116 K ICR TOW 055 C 14/7 15/7 17/7 HAMJM OAKLAND 02CE
      1,642 words
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      1459 36 Mfld^d-IrHddJBP 1 Pit lie *C IK W 09 Kl W ITO UU OS 111 «T[ u« IM u lir IK P9 H m K. E SUM) MMI 11/0 IS/* 20/4 22, f 24/4 27/t 21 t 29/f M/t 1/7 2/7 IV? 2t/7 U/7 29/7 l/l 9/1 10.1 11/1 12/1 22/1
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      2166 37 I I NORMANDIE BRIDGE 32W ETA sgp 11 06/94 II H E2 I ETA RDM 27/06/94, FLX 28/06/94, 11 H I BRE 30/06/94, LEH 02/07/94 US QULF MIDWEST USEC CANADA 1111 1 VK >ML VQY LOS OAK VAN SET ATI. (CO CLL (LB DAL PET lloT" \IPH \OK M» £2*
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      1267 37 A MULTILINE SHIPPING PTE LTD W (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
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      930 38 K44 ff AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0 M GST REG NO: M 2-*****99-«) M TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 i W MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHO I ■■V TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA:
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      224 38 Continental Pacific PIIMIIIBIII WT sntpptnff M TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PK LOAOtftG FOR WORLD AJAX SID SID SID FIU/ROT/ANT/UK WORLD ARGUS SID MPT 11/6 FIU/ROT/ANT/UK/ BELFAST FLAG TOM 20/6 24/6 27/6 FIU/ROT/ANT/UK Loads Satoah/lndonesu C R NO. **********0H CONTIPAC SHIPPING PTE LTD T«fc *****32 Fax: *****49 P.K.
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      259 38 foonb sun SHIPPING (PTE) LTD. WHOLESALE CENTRE. BLOCK 1, #0310 SMGAPORE 0511 BOOKING/ENQUIRIES CR NO 109WM000W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP vessel vor em etd oesthatk* BMTT ANN 6/94 13/6 14/6 PIAJU/PALEMBANG SUN RAY 7/94 13/6 14/6 PONTUNAK/SHTETE NEE DMK I 8/94 13/6 14/6 BANTEN/BENGXULU WATUUNEI
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      724 38 @APPENSHIP (Q\\ HAMBURG V7V> CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EABT ASIA AND FAR EAST «SSaS LOAOMG POUTS DISCHARGE/10AMNG FOR NOVIGRAO ANTW 20/05 SPORE 17/06 ECUADOR HAM 22/05 SPORE 19/06 KOALA CONTAINER LINE STORE FIX HAM RTM LEH J CS NEW ZEALAND 4607 14/06 09/07 10/07 11/07 13/07 CS
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      374 38 m f GOLDEN LINE VftG> GUAN GUAN SHPPING (PTE) LTD V 23, T*k *r» strut smutOK (104 ra S34NN (M HO) Fa: 5343M4 (C* Ha lOiassmW) m WtAm/HMIAM OPLF IMTICT Spore P Kelang Penang GOIOOI KM Haiach Dutai Km*t 14/ It Dm OXOO HMKST farach/IMM/llmat 22/24 la* CHIKA IMTICT GOLDEN
      374 words
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      1023 39 PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cec street 03 PIL Building. Singapore 0106. I I CR NO **********0E I VESSEL VOY SIN CMS JIB JEO AQJ AOE HOD PZU ASA KOTA WMAWAN WRNO43 I#/6 28/6 1/7 4/7 7/7 10/7 13/7 KOTA MOAN IDHOO9 26/6 5/7 12/7 19/7 14/7 16/7 IS/7
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      958 39 VESSELS ¥0T SW II HOW HAMBUBC THAMES NOITEM>m ANT MP? HUE DC VEGA GO3W M/Ot 03/07 05/07 Qt/07 07/07 09/07 Will Ot «IA W3W 14/06 Qt/07 00/07 01/07 10/07 12/07 Will PC TITMW TO4W 21/00 13/07 15/07 l«/ 07 17/07 19/07 VtU DC TUCAM UO4N 70/07 22/07 23/07 24/07 26/07
      958 words
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      563 39 BSA 4 MYANMA IBBBk FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Klj Pen P.Gdf MERGU VI23W Sailed PAGAN V2O9W Sided HPA-AN V2O2W 10/13 ion PAGAN V2IOW 20/21 )un MALAYSIA AGENTS BOUSTEAD SHPPMG AGENCCS Km TEI 03-*****00 PKL: TEI 03-36M767 PEN TEI 04 61(135 PGD:
      563 words
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      982 42 &-@("&=($^}:>&+>!@(@-&_](">_<=< /■HICROATIA LINE^\ (EX JUGOLINUA) I «sa STORE PK PNG LOWWGFOR SIOVtKJA 12 JUN Alexandria, Beirut, Istanbul, Trieste, Koper, Lattakia, Limassol, Mersin, P. Said, Riieka. Venice RAB 25 JUN 28 JUN -do Gcrwral Ag«nt«: EAST MOUNT AGENCY (PTE) LTD 4 Saifipore Kuala Lumpur Port Kel art Penary JH: *****55 TH:
      982 words
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      Page 42 Advertisements Column 2
      178 42 /fikIMOHBUL I K>iz]r NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES SP I WORLD AGAMEMNON 15/6 11/6 RDM/ANT/UK I SEA SONNET 2S/6 30/6 FIU/MMM/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 28/6 30/6 DBN/CPT/EL I ALSO LOADS TAWAU, KK, TG MANI I PK SWK/SABAH
      178 words
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      Page 43 Advertisements Column 1
      719 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 14/6 ROTTERDAM 11/6 AARHUS/COPENHAGEN 14/6 HAMBURG/BREMEN 13/6 MARSEILLE/FRANCE 14/6 FEUXSTOWE/UK 12/6 BARCELONA/SPAIN 13/6 LEHAVRE/FRANCE tl/6 GENOA/ITALY 13/6 ANTWERP/BELGIUM 13/6 LOS ANGEIES/WC/PI 12/6 SYDNEY/MELBOURNE 11/6 NEW YORK/EC 10/6 FREMANTLE/ADELAIOE 10/6 VANCOUVER 10/6 BRISBANE 11/6
      719 words
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      Page 43 Advertisements Column 2
      1019 43 —1 PMBH^EffiEEESMB^HIH M S VtMtl- VOY SM JKT VESSEL VOY SIN PEN Bf 1 ISRA BHUM M» Fri W* Tt 14/1 |j 8 SEROJA 4083 Fri 10/7" Sal 11/8~ [VESSEL VOY WW BKK BHATWA BHUM 338 tot 11/8 Tw 14/8 g K QTA SUWA SUWOO3 Sun 12/« Tw 14/8 M
      1,019 words
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      Page 43 Advertisements Column 3
      269 43 RICHFIELD MARINE AGENCIES (S) PTE LTD *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES Y (National Ethiopil) ACCEPTING FCL AND CONVENTIONAL Vmnl Vey JTTA Loading For Abbey Worn 40WB 12/06 Daraaaalaam. Mombau. Djibouti Aaaab. Muuwt Nataanat 35W8 21/04 Daraaaalaam. Mombasa. Djibouti
      269 words
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      Page 43 Advertisements Column 4
      551 43 0 umrant—d Sailinga to:BANGKOK/LAEM CHABANG/LAOS EVERY WED SAT >| MANIA/CEBU EVERY TUES r PORT KELANG/PENANG EVERY MON I FRI HO CHI MMH EVERY FRI r HONG KONG EVERY FRIt JAKARTA EVERY SAT BUS AM EVERY SUN f SURABAYA EVERY SW t I pi PONCNAMA LINE] VESSEL I* M K K
      551 words
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      1616 44 vJV > SIBU (084) *****9 KUCHINQ (082) *****3 PENANO: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: <21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE f PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN E 9/6 10/6 11/6 HKG/BKK/KEE/KHH Genoa/Barcelona 12/6 13/6 14/6 12/6 13/6 14/6
      1,616 words
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      Page 44 Advertisements Column 2
      181 44 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD IT* It* IT* SKJtt POHI HUMS PIHWG 81UI I*ol 28 6 loading tot Milr RUVN HUDNU 20 6 Loading lor Colombo WXPHH 23 6 loidwf Foe Malt nocu sum mi is 6 Loading Foi Mile UMMUOH In Pod Loading Fo«
      181 words
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      Page 44 Advertisements Column 3
      1167 44 IT THONG SOON UNES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I J TO.: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRO, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S PORE DEST VESSEL VOY Is POtE [PEST EQUATOR ROYAL 105/4E 11 JUN
      1,167 words
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  • Page 46 Advertisements
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  • Page 47 Advertisements
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  • Page 48 Advertisements
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      Page 48 Advertisements Column 1
      468 48 VESSEL VOYAGE SINGAPORE MAfiLA PERVOMAYSK 9403N 10/06 (FRO 15/06 (WED) VHMUR PACfftC 9422N 14/Q6 (TUE) M/ 06 ($*T) LANKA MAHAPOLA 9402N 17/06 (FRI) 22/06 (WED) FOT T ,l 5D PERVOMAYSK 9404N 21/06 (TUE) I 25 /06 VESSEL VOYAGE SINGAPORE GENERAL SANTOS DAVAO CEBU V. KRUCMNA 9423E 10/06 (FRI) 16/06 (THUR)
      468 words
  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      677 48 TODAY'S TIDES (height in metres) HOUK 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 < ft 2.S 2.4 1.9 1.3 0.9 0.6 0.5 0.6 0.9 1.4 1.9 2.2 2.4 2.3 1.9 1.5 1.1 1.0
      677 words
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  • Page 49 Advertisements
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      Page 49 Advertisements Column 1
      1013 49 I HYUNDAI I MERCHANT MARINECfrLTD. WESTBOUND TO EUROPE BKG: *****61 PNA» PKE* PCD* Vtssas VOY I SIM I RTM ANT* LEH* HAM BREt FEL l 08/06 10/06 11/06 a CHALLENGER 310* 13/06 01/07 03/07 4/07 03/07 03/07 05/07 15/06 17/06 11/06 H. POOR 309W 20/06 08/07 10/07 11/07 10/07 10/07
      1,013 words
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      Page 49 Advertisements Column 2
      476 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS ffSSI It) V N IK Rl KIISMW *21 II I 11/ l COSMC IMMI 145 SLD 12/1 COSMC OULLEKU V)} 11/ l NMO »T «20 tt/f tS/t tSIM STU IISI 22/1 24/1 MTSV ft 22/1 (MR M l) OUTBOUND
      476 words
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      Page 49 Advertisements Column 3
      1033 49 VESSEL VOY SW ETA/D LAX OAK ICH PAL MM/COL IHOU NYC 1 NOR MACKINAC BRBCE 77A 16/C6 03/07 05/07 06/07 07/07 07/07 06/07 01/07 W/07 ALLIGATOR TRRJMPH 55A 23/06 10/07 12/07 13/07 14/07 14/07 15/07 15/07 16/07 GEORGE WASHNCTON BRCGE 79A 30/06 17/07 19/07 22/07 22/07 23/07 22/07 24/07 24/07
      1,033 words
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