The Business Times, 24 June 1994

Microfilm: NL19383
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 010/12/93 Friday June 24 1994 WL KNOW ASIA 75*
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow down 9.19 points
      55 1 Reuter NEW YORK Wall Street stocks eased at midday yesterday. At Ipm EDT, declining issues overtook advances by 11-8 on the New York Stock Exchange. Volume on the Big Board was a moderate 149 million shares. At 2pm EDT, the Dow Jones industrial average was down
      Reuter  -  55 words
    • Article
      Lock icon That dam case again
      39 1 Reuter LONDON The Londonbased World Development Movement is to take the government to court today, alleging that British funding of £234 million for the Malaysian Pergau Dam project was an abuse of aid money. Reuter
      Reuter  -  39 words
  • Article
    MARKET SUMMARY
    161 1 Stock market indices Thursday Change STII 2,250.45 -4.85 KLSEComp 1,003.50 -11.93 Nikkei 21,040.21 +458.89 Hang Seng 8,966.79 +89.95 SET Index 1,304.86 -6.95 Jakarta Comp 470.96 -2.17 CLSA China B 1,052.06 -6.46 Aust All Ord 2,022.5 +11.6 FTSE 100 2,942.4 -18.0 Thursday Previous 2pm close Dow Jones 3,715.58 3,724.77
    161 words
  • Article
    CAM Mechatronic expected to launch main board IPO soon
    471 1  -  By Claire Leow SINGAPORE The homegrown CAM Mechatronic Group of precision manufacturing companies is said to be launching an initial public offer (IPO) on the main board soon. Industry sources said CAM, involved mainly in the electronics sector, will issue about
    471 words
  • Article
    Investment income helps boost SMRT profit to $140m
    427 1  -  By Rahita Elias SINGAPORE A sharp jump in investment income has helped Singapore MRT, the mass rapid transit system operator, turn in an after-tax profit of $140.2 million in the past financial year. The figure covers a 15month period as SMRT's financial
    427 words
  • Article, Illustration
    Lock icon Forex killer in high heels
    135 1 Reuter LONDON Howard Wright, chief technical analyst at Prisma Market Analysts here, says that if the shoe fits, wear it. In a field where many patterns have been around for decades, Mr Wright has identified a bearish price formation he calls "the lady's shoe". It
    Reuter  -  135 words
  • Article
    Market punters take a break with Mahathir
    162 1 SINGAPORE Local share prices fell in thin trading yesterday, dragged lower by softness in the Malaysian market. Analysts said Malaysian Prime Minister Mahathir Mohamad's departure on a threeweek holiday disappointed investors because it dashed hopes of any quick announcement of an early election.
    162 words
  • Article
    Lock icon Beijing denies HK paper report that Deng was seen in public
    363 1 AP. AFP Bloomberg Business News BEIJING China yesterday emphatically denied a Beijingbacked Hongkong newspaper report that paramount leader Deng Xiaoping had recently travelled out of Beijing and made a rare public appearance in the north-eastern coastal city of Qingdao.
    AP.; AFP; Bloomberg Business News  -  363 words
  • Article, Illustration
    S'pore wafers poised to hit $1b a year
    368 1  -  By Joseph Rajendran SINGAPORE Local semiconductor plants will produce SSI billion of wafers a year by 1997, or two-and-a-half times the Ss4oo million worth they made in 1993. The 1997 forecast was given yesterday by Trade and Industry Minister Yeo Cheow Tong.
    368 words
  • Article
    Lock icon US wins battle against currency speculators, but war's not over
    318 1 Reuter WASHINGTON The Clinton administration won its latest battle with currency speculators as the battered dollar stabilised yesterday, but analysts warned that the war was far from over. They said the US currency was vulnerable to further selling by speculators
    Reuter  -  318 words
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      92 1 )_[}\(=,=>$%;>$\}/+'@_{{/+@$`^? CONTENTS Spore News 2 19.20.21 Regional News 3.4.6 Financial 23.24 World News 8.9 Future) Markets Analysis 17 dob/RLSE. S£S 2830 Editorial 16 Regional 26 Sports 10 World 27 TV/Lrtesiyte 13 Currencies 24 Advertising 14,15 Smiei/Commo 24.25 SdbscrittiM Tel 1800-*****77 Fax *****75 BT Ncwsdesk Tel *****18 Fai *****71 s II
      92 words
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      19 1 Advertising: Pg is Milking the real stuff US to suspend effort to impose sanctions on North Korea, Page 18
      19 words
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      14 1 Hock Lock Siew: Pg 19 Barito-CASH deal: What n&Stt? Regional market reports, Pgs 26-30
      14 words
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      28 1 n depuis 1921 fl HE,r" SLEDCEBS A made in France O Petite Centrepom: *****68) Takashmaya Oept Store Galenes Lafayette Singapore and selected retail outlets Bottom Line, Pg 18
      28 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Cost of living up
        311 2  -  By Anna Teo INFLATION was appreciably higher in May. The Consumer Price Index rose 3.4 per cent, bringing the price jump for the first five months of 1994 to about 3.2 per cent. After a first-quarter average of 3.2 per cent, inflation in April the month
        Source: Dept of Statistics  -  311 words
    • Article, Illustration
      Govt sale of food stalls draws strong response
      431 2  -  By A J Leow THE SALE of food stalls at government hawker centres and wet markets to current tenants has drawn an overwhelming response. The Ministry for the Environment said yesterday that 95 per cent, or 453 out of the 476 stallholders
      431 words
    • Article, Illustration
      Yeo Ning Hong to leave Cabinet on July 2
      323 2 DEFENCE Minister Yeo Ning Hong will leave the Cabinet on July 2. after officiating at the Singapore Armed Forces Day parade on July I. the Prime Minister's Office said yesterday. Dr Yeo. whose decision to step down as minister was first
      323 words
    • Article
      Mah, Suharto to meet on tourism plan
      103 2 COMMUNICATIONS and Environment Minister Mah Bow Tan will present to Indonesian President Suharto a proposal for tourism cooperation between Singapore and Jakarta. Mr Mah. who is visiting Indonesia from June 24-25, will call on Mr Suharto as the personal envoy of the Prime
      103 words
    • Article
      Fay gears up to sell story to highest bidder
      296 2 AMERICAN teenage vandal Michael Fay, who was released on Tuesday following a short jail term and caning, is gearing up to make a tidy sum by selling his story to movie makers and publishers. The Ministry of Home Affairs revealed yesterday
      296 words
    • Article
      SAFE, Japan firm to set up travel company
      205 2 SAFE ENTERPRISES is setting up a travel company with Kinki Nippon Tourist of Japan. The new company, SAFEKNT Travel, will offer inbound and outbound toure and organise conferences and conventions. It will have initial and paid-up capital of SI million and authorised
      205 words
    • Article, Illustration
      Chartered Electronics in R&D hook-up with NUS
      206 2  -  By Joseph Rajendran CHARTERED Electronics Industries. a subsidiary of gov-ernment-linked Singapore Technologies Ventures, yesterday agreed to work with the National University of Singapore on research and development projects. Initially, both parties will use existing resources and technical expertise to develop a low-cost Teletext
      206 words
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      134 2 O OMEGA The sign of excellence. Artist Alex Katz in front of his painting. "Eileen". His technique-refined. His style-modern. His watch contemporary. The Delirium® from Concord. CONCORa WATCH THE CONCORD DELWUM® STAINLESS STEtL WITH ROMAN NUMERALS REF: 14-***** V 2613/60 AUTHORISED DEALERS. Asia Watch (Parkway Parade), Chew Cheong Watch Centre
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      63 2 imk THE RAFFLES CONVERSATION "The bigger the global economy, the more powerful will be the smallest players small countries, small companies, right down to the individual." Mm bjm Trend-watcher and best-selling author, JOHN NAISBITT, on the shape of things to come, and on how paradox is going to become the
      63 words
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  • SOUTH-EAST ASIA
    • Article
      Investors hit out at Thai govt call to build part of MRT underground
      429 3  -  From Lob Hui Yin in BANGKOK TWO of the three investors in Bangkok's mass rapid transport systems have shot down a Thai government demand that they build part of their projects underground, saying it is too costly
      429 words
    • Article, Illustration
      Lock icon Want a lift?
      51 3 Reuter lANILA Filipinos on board an improvised boat floating past a petrol truck which stalled in waist-deep water in a squatter area here yesterday. Flood waters swamped low-lying areas of Manila after heavy rains, and forced the authorities to evacuate scores of Filipinos living near swollen rivers.
      Reuter  -  51 words
    • Article
      Lock icon Suharto calls for vigilance as protests against press ban widens
      340 3 Reuter, AFP JAKARTA Two days after the government banned three weekly newspapers, President Suharto yesterday called for vigilance against internal unrest which might disrupt the country's development. "Internal unrest could be created by issues of human rights, openness, democratisation and
      Reuter,; AFP  -  340 words
    • Article
      Lock icon Vietnam to increase taxes by 10pc to curb budget deficit
      228 3 AFP HANOI Vietnam will increase taxes by 10 per cent this year in the hope of curbing its worsening budget deficit. A finance ministry official was yesterday quoted by the Saigon Giai Phong daily as saying the budget shortfall was
      AFP  -  228 words
    • Article
      Lock icon Malaysia's building industry in dire need of shoring up: minister
      255 3 Bernama PENANG Malaysia's construction industry is at a critical stage and efforts should be made to improve its image and declining quality. Deputy Works Minister Peter Tinggom yesterday said the declining qualities of the construction industry should be overcome immediately
      Bernama  -  255 words
    • Article, Illustration
      Lock icon Time to redress under-representation of women in politics, says S'pore MP
      289 3 The Straits Times MANILA The under-repre-sentation of women in politics and at all levels of decisionmaking must be corrected, Singapore Nominated Member of Parliament Kanwaljit Soin said here yesterday. She told The Straits Times at a conference here on
      The Straits Times  -  289 words
    • Article
      Thailand tracking baht-US$ exchange rate
      292 3  -  -By Loh Hui Yin BANGKOK Thai Finance Minister Tarrin Nimmanahaeminda has told his officials to monitor closely the Thai bahtUS dollar exchange rate, after the baht rose to an 18-month high against the greenback. The US dollar is now worth 25.05 baht. down from 25.50
      292 words
    • NOTE BOOK
      • Article
        Lock icon M'sian growth forecast at 8-8.5pc
        91 3 ALP SINGAPORE Malaysia's economic growth will average 8 to 8.5 per cent over the next five years. American brokerage Merrill Lynch said yesterday in a forecast exceeding the official 7 per cent target for the current decade. Malaysia's gross domestic product, which has expanded by
        ALP  -  91 words
      • Article
        Lock icon Tourism potential for Asean
        97 3 Reuter SYDNLY tourism could become the biggest source of revenue among the six Asean nations if petroleum prices continue their downward spiral. Philippines tourism attache Consuelo Jones told a regional tourism conference here yesterday. She added that the economic growth rate of the Asean countries would
        Reuter  -  97 words
      • Article
        Lock icon Thailand's May inflation at 3.9pc
        74 3 Reuter BANGKOK Thai inflation in May was 3.9 per cent, calculated as the 12-month moving-average of growth in the consumer price index, a Bank of Thailand (BOT) spokesman said yesterday. The BO fs figure for May compares with its figure of 3.4 per cent at
        Reuter  -  74 words
      • Article
        Lock icon US visitors to focus on MIA issue
        95 3 AFP HANOI United States Assistant Secretary of State for Asia and Pacific Affairs. Winston Lord, will visit Vietnam from July 1 to 4 in a trip focusing on American soldiers missing in action (MIA) during the Vietnam War. it was announced here yesterday.
        AFP  -  95 words
      • Article
        Lock icon Go-ahead for Philippine power plant
        99 3 AFP MANILA Despite protests from some residents and environmentalists, energy officials said yesterday that a USSS26 million (SSBO3 million). 600-megawatt power plant west of Manila would go ahead. Energy Secretary Delfin Lazaro said 89 per cent of residents to be affected by the construction of
        AFP  -  99 words
      • Article
        Lock icon A value-for-money destination
        92 3 Bernama KUALA LUMPUR Based on a recent survey conducted by Visa International. Malaysia's efforts to contain inflation appear to be paying off as it retains its top position as a value-for-money destination for travellers to the region. Visa International said yesterday. Visa said Malaysia topped the Visa
        Bernama  -  92 words
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      224 3 EXPRESS SHARE LOAN It's Quick and Easy. Gel instant j cash for your shares over the counter at any of our 28 branches. v** Use the loan for any purpose. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS! YOU CAN TOO HONG LEONG FINANCE LTD
      224 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China warning over copyright issue
        87 4 AFP BEIJING Just days ahead of a US deadline for China to improve patent protection, Beijing has warned foreign countries •I not to use the intellectual property rights issue to interfere in its internal affairs. Xinhua agency reported that at a forum here on a
        AFP  -  87 words
      • Article
        Lock icon China Resources to take up food unit
        103 4 Reuter l HONGKONG China Resources Enterprise Ltd is planning to inject its China food unit, Ng Fung Hong, into the listed group by I November, said group chairman Zhu Youlan. "We've been T talking about this for several months. We're preparing for it
        Reuter  -  103 words
      • Article
        Lock icon Deng's son may get wider role in firm
        95 4 AFP I HONGKONG Shougang Concord Grand (Group) Ltd said yesterday it was considering giving the younger son of China's paramount leader Deng Xiaoping a bigger say in its operations. "The board of directors have been discussing with Deng Zhifang about the possibility
        AFP  -  95 words
      • Article
        Lock icon Trading in coal futures halted
        94 4 Reuter HONGKONG The Chinese authorities have ordered a stop to trading in coal futures as part of its war against rising prices, an official news agency reported. In an official memorandum, the coal industries ministry said that violent fluctuations in the coal price went against
        Reuter  -  94 words
      • Article
        Lock icon Thai firm wins 16b yuan MRT contract
        110 4 Reuter HONGKONG A Thai company, Green Valley Golf and Turf Contractors Ltd, has negotiated a 15.8 billion yuan (552.7 billion) build-operate-transfer contract for the first line of a rapid transit I; system in the city of Shenzhen, bordering Hongkong, an official news agency
        Reuter  -  110 words
      • Article
        Lock icon Cadres told not to gamble
        67 4 Bloomberg Business News y HONGKONG The secretary of the Communist Party com--1 mittee in Shanghai, Wu Bangguo, has appealed to city cadres "to behave themselves", and not indulge in gambling and women, the I state-run China News Service (CNS) reports. Mr Wu singled out horse-racing,
        Bloomberg Business News  -  67 words
    • Article
      HK's debt market growing in significance
      285 4  -  From Lim Soon Neo in HONGKONG HONGKONG is beginning to see significant development of its debt market. Financial Secretary Hamish Macleod told a British Chamber of Commerce luncheon yesterday that the number of debt securities listed on the Stock Exchange of Hongkong increased four
      285 words
    • Article
      Shanghai traders held after huge metal futures losses
      373 4  -  From Peter Siedlitz in BEIJING SEVERAL well-known Shanghai traders have been detained following huge losses on the metal futures market in Shanghai and the London Metal Exchange, according to highly placed sources. The central government has also dispatched an investigation team from
      373 words
    • Article, Illustration
      Lock icon No to nuclear power
      48 4 Reuter TAIPEI An aged anti-nuclear protester standing behind barbed wire as he takes part in a demonstration outside parliament. Taiwan's opposition Democratic Progressive Party yesterday halted the morning committee session due to review the controversial budget for the island's fourth nuclear power plant. Router
      Reuter  -  48 words
    • Article
      Lock icon UK, China fail to solve row over HK military sites
      264 4 Reuter HONGKONG Britain and China yesterday failed to solve a seven-year row over military sites in Hongkong and adjourned formal talks to allow experts more time to tackle the thorny issue informally. Negotiators from both sides said a meeting of
      Reuter  -  264 words
    • Article
      Lock icon Taiwan-China ties thaw with talks set to reopen
      230 4 AFP TAIPEI Taiwan agreed yesterday to reopen talks with China despite soured relations caused by the March 31 murder of 24 Taiwanese tourists on the mainland. Taiwan will invite officials from the Association for Relations Across the Taiwan Stnit (Arats) to Taipei
      AFP  -  230 words
    • Article
      Lock icon China plans major expansion of transport network
      355 4 AFP BEIJING China's Communications Minister Huang Zhendong unveiled ambitious plans yesterday for easing chronic transport bottlenecks that present one of the biggest obstacles to the country's economic development. Despite significant expansion in the last 15 years. China's highway and water transport networks have
      AFP  -  355 words
    • Article
      Lock icon Shanghai feels pinch of central govt's austerity drive
      218 4 AFP SHANGHAI China's economic austerity policies are being sorely felt in Shanghai, where limited financing and stringent credit controls arc stalling key construction projects and delaying the establishment of new joint ventures. Despite continued and rapid industrial economic growth, including a 14.6
      AFP  -  218 words
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      860 4 UNION BANK OF FINLAND LTD Statement of accounts for the year ended 31st December 1993 Consolidated Balance Sheet <fui mm.) Consolidated Income Statement <fiii mm.) 31.12.1993 31.12.1902 income 1.1-31.1Z1993 1.1-31.12.1992 ASSETS Interest income *****.3 14 430.1 Income from specie! flnence operations 360.5 401.6 Liquid eeeete naoaa ***** 7 Cash in
      860 words
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      104 4 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K. LTD
      104 words
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      125 5 Engineered to move the human spirit. Few things articulate the achievements and aspirations of Man as eloquently as the Mercedes-Benz S-Class. Long held as the pinnacle of motoring excellence, there is no doubt it is also the epitomy of elegance, grace and beauty. And yet nothing can quite describe the
      125 words
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon Strike by S Korean rail workers
        89 6 Reuter SEOUL South Korean rail workers went on strike yesterday, paralysing the national railway network and stranding thousands of passengers, police said. Riot police earlier the same day raided union offices in Seoul and other cities, arresting 613 union workers across the country. No
        Reuter  -  89 words
      • Article, Illustration
        Lock icon Harbinger of Peace
        64 6 AFP IKYONGGI, South Korea Peace, a white tiger cub who was born on May 11, playing m the Yongin Farmland in Kyonggi province on Tuesday. News of Peace's birth was splashed across the front pages of the nation's newspapers, alongside reports of the first-ever North-South Korea summit.
        AFP  -  64 words
      • Article
        Lock icon Tokyo urged to act on strong yen
        83 6 Bernama-Kyodo TOKYO Leaders of four small-business groups in Japan yesterday urged the government to take strong remedial measures against the unabated strength of the yen against the US dollar, a trade ministry official said. The latest surge of the yen is chilling the
        Bernama-Kyodo  -  83 words
      • Article
        Lock icon Japanese households spending less
        90 6 AFP TOKYO Japan's household spending in April fell 0.8 per cent from a year earlier to an average 342,450 yen (555,184), the third consecutive monthly drop, the Management and Coordination Agency said yesterday. An agency official attributed the decline mainly to a sharp drop in rice
        AFP  -  90 words
      • Article
        Lock icon Aussie economic activity set to decline
        79 6 AFP SYDNEY A key barometer of future activity in the Australian economy released yesterday recorded its first fall in seven months during April. The Westpac Melbourne Institute leading index, which collates data pointing to economic activity in the months ahead, fell 0.9 points, or
        AFP  -  79 words
    • Article
      Lock icon NZ Parliament passes Bill to enforce high fiscal standards
      430 6 Reuter WELLINGTON The New Zealand Parliament yesterday passed measures championed by former Finance Minister Ruth Richardson which will force future governments to measure themselves against a set of high fiscal standards. Criticised as an anti-demo-cratic swansong by the dry Richardson, the
      Reuter  -  430 words
    • Article
      Lock icon NZ central bank seen sticking with present policy on inflation
      287 6 Reuter WELLINGTON New Zealand's central bank, which has virtually tamed inflation in the *****, is unlikely to change its policy when it releases its sixmonthly monetary statement on Monday, economists said yesterday. "It will be a no-change situation one where
      Reuter  -  287 words
    • Article
      Lock icon Sri Lankan ruling party banking on surprise with snap poll, say analysts
      314 6 Reuter COLOMBO Sri Lanka's surprise ruling party announcement of a snap parliamentary poll was designed to catch the surging opposition flat-footed, analysts said yesterday. "The United National Party (UNP) is banking on the element of surprise to see
      Reuter  -  314 words
    • Article, Illustration
      Lock icon The Big Arch
      39 6 AFP HjROSHIMA This combo picture shows "Big Arch", the main stadium for the 1994 Hiroshima Asian Games, with the outside view (top) taken on June 6 and the inside view (bottom) taken on June 21. AFP
      AFP  -  39 words
    • Article
      Lock icon Weekend trade talks cancelled as Tokyo minister calls off US trip
      562 6 Reuter, AFP TOKYO Japanese Foreign Minister Koji Kakizawa will not visit the United States this weekend for trade talks as originally planned. "The meeting has been cancelled," a foreign ministry spokesman said yesterday, a few hours after the opposition
      Reuter,; AFP  -  562 words
    • Article, Illustration
      Lock icon Hawke book makes Keating the butt of allegations over slur on Australia
      538 6 AFP SYDNEY Australian Prime Minister Paul Keating sought to defend himself yesterday against allegations that his colourful useful of language included a description of his own country as the "*****-end of the world". Former prime minister Bob Hawke.
      AFP  -  538 words
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      263 6 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 I 11 /\1 any other publication. Some may call it an unfair m Ixf 111/ I advantage. We at Singapore
      263 words
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      465 7 v ——.t^^ii r— -II V J^ mmm $t "^^BSsPsfsE^i jm^mmm^r 1 T It is times like these when the truth becomes j I plain, that the Lest way to develop an appreciation for the Lexus LS4OO is ly first riding in other cars. After all. how else can one realise
      465 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon US flower imports hit record high
        108 8 AP .WASHINGTON US flower imports reached an all-time high iast year, with a value of US$3B2 million (***** million), up 8 per cent from 1992, says the Foreign Agricultural Service. "Cut flower imports have made serious inroads into the US market," the Agriculture Department
        AP  -  108 words
      • Article
        Lock icon Kinnock set to be EU commissioner
        119 8 Reuter LONDON Former Labour Party leader Neil Kinnock is set to become one of Britain's two commissioners to the European "Union, newspapers said yesterday. Mr Kinnock, 52, who resigned as Labour leader in April 1992 after two national election defeats, has already been nominated
        Reuter  -  119 words
      • Article
        Lock icon Peru to privatise state oil firm
        107 8 Reuter LIMA Peru will privatise state oil firm Petroperu SA via a combination of concessions and partial sales of assets, a source said on Wednesday. A source on Peru's privatisation commission Copri said the panel has approved the manner in which the company will
        Reuter  -  107 words
      • Article
        Lock icon Foreign investment in Russia down
        79 8 Reuter MOSCOW Direct foreign investment in the Russian economy in 1994 isestimated at US$l billion (551.53 billion), sharply down from US$2.3 billion last year. Deputy Economics Minister Yakov Urinson yesterday said the figure for this year was"insignificant for a country of the scale of Russia".
        Reuter  -  79 words
    • Article
      Lock icon European, Russian leaders gather for tough EU summit
      491 8 AFP CORFU, Greece European and Russian leaders flew to this Greek island yesterday for a European Union summit to be highlighted by the signing of a broad partnership pact with Moscow and a tough battle to choose a new EU Commission president.
      AFP  -  491 words
    • Article
      Lock icon US may regulate tobacco like other drugs
      292 8 Reuter WASHINGTON Charges that cigarette makers have secretly boosted the nicotine kick of some brands will likely lead to quick government action to regulate tobacco "just like other drugs," US Surgeon General Joycelyn Elders says. "I think this means very quickly the FDA
      Reuter  -  292 words
    • Article, Illustration
      Lock icon Going, going...
      57 8 AFP HLUHLUWE, South Africa A male white rhino taking a break at the Lmfolozi Game Reserve. The rhino was sold at the sixth annual auction of the Natal Game Marketing Association for about U5525,000 (5538,200). The highest bidder wins the right to hunt the animal himself or offer
      AFP  -  57 words
    • Article
      Lock icon UK newspaper shares plunge as cover price war intensifies
      370 8 Reuter LONDON British newspaper company stocks plunged yesterday when the biggest selling broadsheet slashed its cover price by 30 per cent, intensifying the price war declared by Rupert Murdoch. The Telegraph, fearful of the first dip in its circulation below a
      Reuter  -  370 words
    • Article
      Lock icon Time to stand still for one second on June 30
      117 8 AFP GREENWICH. England Universal time will stop for all of a second on June 30 to offset the slight lead it has built up over solar time. The National Physics Laboratory here said on Wednesday that an infinitesimal slowdown in
      AFP  -  117 words
    • Article
      Lock icon US unveils scheme to boost exports in Asean markets
      395 9 Plan aims to catch up with Japan in tapping region's potential Bernama WASHINGTON The United States, playing catch-up with Japan and other affluent East Asian nations, on Wednesday unveiled its "Destination Asean" programme to promote US exports in the booming South-cast
      Bernama  -  395 words
    • Article
      Lock icon Brewer taps profits via sales to Britons in France
      378 9 Reuter LONDON British brewers, struggling to keep their heads above a wave of cheap alcohol imports, arc attempting to turn the tide of "booze cruises" in their favour by selling beer in France to day-tripping Britons. "We have reacted to what
      Reuter  -  378 words
    • Article, Illustration
      Lock icon US says all 50 states will benefit under Gatt
      483 9 Reuter WASHINGTON Commerce Secretary Ron Brown said yesterday that all 50 US states would be big winners under Gatt, stepping up the White House campaign to steer the world trade pact through Congress. "The reduction in trade barriers resulting from the
      Reuter  -  483 words
    • Article
      Lock icon Mexican president Salinas joins race to head WTO
      417 9 FT. Reuter MEXICO CITY The race to head the World Trade Organisation (WTO), the successor to the General Agreement on Tariffs and Trade (Gatt), has entered a new phase with the decision by President Carlos Salinas of Mexico formally to put his
      FT.; Reuter  -  417 words
    • Article, Illustration
      Lock icon American tourists feel pinch as dollar slumps
      356 9 For some, it's now McDonald's instead of fancy meals Los Angeles Times LOS ANGELES Saddled with dollars worth less than when they started their trips abroad, American tourists around the globe grumbled and tightened their belts but also expressed hope that their money
      Los Angeles Times  -  356 words
    • Article, Illustration
      Lock icon Countdown for the new Ariane
      45 9 Reuter MUNICH A technician of German space agency Dasa taking a closer look at the thrust chamber of the new-generation European launcher, Ariane-5, here on Wednesday. The three-million-horsepower engine will lift its first pay load on Oct 3, 1995. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Eurotunnel sees cash flow refinancing debt in 2 years
      257 9 AFP TOKYO Eurotunnel, the operator of the new tunnel under the English Channel, aims to generate enough cash in less than two years to be able to refinance part of its debt, copresident Sir Alastair Morton said yesterday. "When we establish
      AFP  -  257 words
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      Page 8 Advertisements Column 1
      1066 8 BESS CREDIT SUISSE BALANCE SHEET at 31 December 1993 CONTINGENT LIABILITIES AND PENDING TRANSACTIONS Sfrm SfrlOOO 1993 Aval, guarantee and indemnity liabilities 9 070 8 487 597 ASSfcis Liabilities in respect of letters of credit 11 281 12 709 488 Cash 1 181 1458 224 Endorsement liabilities in respect of
      1,066 words
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      Page 8 Advertisements Column 2
      138 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-80Q-741-1883 FAX: 741-1296 NEW ZEALAND HIGH COMMISSION: JOB VACANCY: EXECUTIVE OFFICER «j The New Zealand High Commission invites m applications from suitably qualified candidates for the position of Executive ||i Applicants for this position should ideally t|i be New Zealand citizens with an economics degree,
      138 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      695 9 BALANCE SHEETS STATEMENTS OF EARNMGS (BANKING ACCOUNTS) (BANKING ACCOUNTS) December 31,1993 and 1992 Years ended December 31,1993 and 1992 1993 1992 1993 1992 (tnMAons) (InMtons) (In Minns) (In Mftorts) W* l Won Won Won Assets fcU—at Incomt Cash and due from banks 2,020,370 2.349,015 Interest on locts *****4 interest-bearing deposits
      695 words
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  • SPORTS
    • Article, Illustration
      Lock icon Olajuwon leads team to victory
      804 10 NBA Finals AP HOUSTON Hakeem Olajuwon lived up to his Most Valuable Player billing and tl.e Houston Rockets won their first championship and gave the city its first NBA championship, beating New York 90-84 on Wednesday night in the final. Olajuwon was brilliant 25 points,
      AP; Reuter  -  804 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon World Cup
        244 10 AFP AFP NEW YORK Nearly eight out of 10 Americans arc aware the World Cup is going on in their country and nearly one in two plan to watch a game on television, according to a telephone poll carried out this week. The poll, based on a random
        AFP  -  244 words
      • Article, Illustration
        Lock icon Baseball
        149 10 Reuter ANAHEIM, California Ken GrifTey Jr hit his 31st home run of the season to break Babe Ruth's major league record for homers before July as the Seattle Mariners pounded the California Angels 12-3 on Wednesday. Griffey's 404-foot home run to right field broke the record of 30 homers
        Reuter  -  149 words
      • Article, Illustration
        Lock icon Golf
        158 10 AP CROMWELL, Connecticut John Daly said he's noticed a lot moic problems with his physical condition since he's been sober. Daly, preparing to play in this weekend's Greater Hartford Open, had his back checked on Wednesday by a local chiropractor before showing up at the Tournament Hlayers Club at
        AP  -  158 words
      • Article, Illustration
        Lock icon Rugby
        152 10 AP CHRISTCHURCH, New Zealand Winger John Kirwan will break the record for most test appearances by an All Black when he plays for New Zealand in the first test against France at Lancaster Park on Sunday. Kirwan's milestone 59th test appearance will come against the same opposition. France, and
        AP  -  152 words
      • Article, Illustration
        Tennis
        215 10 LONDON Wimbledon yesterday Men 2nd rd: Bryan Shelton (US) b Karim Alami (Mor) 6-3 7-5 1-6 6-7 (7-9) 6-2; Alexander Volkov (Rus) b Brett Steven (NZ) 4-6 6-4 3-6 7-5 6-3: Andrei Medvcdev (Ukr x 9) b Slava Dosedel (Cze) 3-6 7-5 6-1 6-4, Jakob Hlasek (Swi) b Wally
        215 words
    • Article, Illustration
      Lock icon Title eludes Ewing
      721 10  -  By Harvey Araton NYT HOUSTON Patrick Ewing needed it more. He needed the championship validation more than Hakeem Olajuwon. He needed it because it has always been so much easier for people to doubt him, to blame him for what he was or what he wasn't. He
      NYT; Reuter  -  721 words
    • Article, Illustration
      Lock icon US outplay Colombia, Swiss overwhelm Romanians
      455 10 World Cup Finals AP LOS ANGELES The Americans were frightened they would be the first host nation to fail to reach the World Cup's second round. Instead, they toppled fancied Colombia 2-1 on Wednesday and only a series of crazy results can stop them.
      AP; AFP  -  455 words
    • Article
      Topsy-turvy Cup Finals
      543 10  -  By Shahiron Sahari SINGAPORE And so this topsy-turvy, anything-can-happen World Cup Finals continues. Colombia, many people's favourites to win the tournament, are on their way out after two stunning losses to Romania and the US, while Romania were in turn humbled 4-1 by the clockwork but entertaining
      543 words
    • Article
      Lock icon Edberg goes down bravely; Bruguera prevails
      468 10 Wimbledon AP WIMBLEDON Stefan Edberg became the third former champion knocked out in the early rounds of Wimbledon, losing yesterday in five sets as ll3th-ranked Kenneth Carlsen of Denmark played the match of his life. "It's like a dream come true," said Carlsen, who
      AP  -  468 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1038 12 m Nothing Beats A Bud, where to wine, oine and entertain or FRESH .PASTA DAI LY. W From Posto Fresco. The only restaurant to moke its own specialty posto. Fresh, everyday. Savour perfect pizza, great gelati and terrific Nramisu. Alt topped with Itoiion hospitality. P«to Fimco Da SaMora Pit IM
      1,038 words
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      Page 12 Advertisements Column 2
      260 12 w <5- k r A <& round-tht-doc Cfuuter6w(j home of our famous fiauumese Cfucfai tjce andpopular Coconut Ice Cmun in afrtsk coconut. Try than, and you'll %nou> C o«„ shop why they are tfu specialties of the house. IM floor I I inOKtwdkMd W) *****11 The Saturday Buffet Lunch at
      260 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Bond may have lost his licence to thrill
      1120 13  -  After a five-year absence, secret agent 007 is making a comeback. But is it possible that cool, sexy James Bond is just a bit passe? Suzanna Andrews reports Suzanna Andrews NYT IN THE '60s and even into the '70s, Jack Kennedy was
      NYT  -  1,120 words
    • Article
      Lock icon Media cashes in on O J Simpson murder case
      361 13 AP EVEN AS an accused murderer, OJ Simpson is proving to be a marketable commodity. At least two publishers are rushing into print books on the fast-breaking crime story, and two made-for-TV flicks are already in the development stages. In addition,
      AP  -  361 words
    • Article, Illustration
      Lock icon Tonya Harding to star in movie
      457 13 UPI AP UPI UPI TONYA HARDING is coming to the big screen with a starring role as a feisty waitress running from the mob. "Tonya is really looking forward to being in the movie, and she's really happy that she'll be able to kill
      UPI; AP  -  457 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1316 13 TV RADIO ■MRnryjiTiTTniiH ■gTOpry Biography: Vincent Price, wB%' '&&''.< Best known as the star who y played the Fanged One in 1 many B-grade horror movies, jB he is also an author, gourmet chef and collects his spare Slickers vs Killers, A salesman walks in on a mur- N> I
      1,316 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Lock icon Moves to redraw the line on lawyers advertising
      1021 14  -  Bill Rankin examines criticism that advertisements by US lawyers often mislead consumers Bill Rankin AP THE ADVERTISEMENTS appear in the telephone book and on the radio and TV, enticing the potential plaintiff in us all. Amid garish pictures of car wrecks and
      AP  -  1,021 words
    • Article
      Lock icon US auto magazines cruising in the fast lane
      801 14  -  The number of ads in American auto magazines has risen, thanks to the recovery in the US car industry. Doron P Levin reports Doron P Levin NYT THE BENEFITS of the recovery in the American auto industry are being shared with the
      NYT  -  801 words
    • Article, Illustration
      Lock icon Providing the right to drink the real stuff
      786 15  -  Kim Myong Hwan meets a South Korean who insists on introducing 'real milk' to his fellow countrymen Kim Myong Hwan Reuter CHOI Myoung Jac battled rival companies, the government, a hostile press and academia to bring "real milk" to South Koreans. "Consumers
      Reuter  -  786 words
    • Article
      Lock icon American breweries switch strategy to tap Japan market
      290 15 Asahi TWO leading US breweries have revised their marketing strategies and created new ties with Japanese companies in an effort to tap into a larger share of Japan's heavily regulated beer market, which is now in the middle of a fierce price-cutting
      Asahi  -  290 words
    • COPY LINES
      • Article
        SIA wins wine award
        59 15 SINGAPORE Singapore Airlines has been named joint winner of the 1994 Decanter International Airline Wine Awards. A panel representing UK-based Decanter magazine chose SlA's wines served in First Class in blind tastings. The panel also rated SIA among the top four airlines for Business Class wines
        59 words
      • Article
        Silver Pencil for DY&R
        52 15 SINGAPORE Dentsu. Young Rubicam has won a Silver Pencil award for excellence in the international creative competition. The One Show 1994. The American-based award was given to DY&R for its Lexus LS4OO print campaign. Another Lexus ad by the agency, called "Dummy", won a One Show
        52 words
      • Article, Illustration
        Lock icon Israeli ads cover up
        50 15 Reuter TEL AVIV The late Israeli prime minister Golda Meir being featured in a large billboard advertisement for men's underwear here on Tuesday. Under an agreement between Israeli advertisers and the religious Jewish community, advertisers will no longer use scantily-clad women to promote their products. Reuter
        Reuter  -  50 words
      • Article
        DMB&B buys NY multimedia firm
        40 15 SINGAPORE DMB&B recently acquired Einstein and Sandom. Inc. a New York City-based multimedia firm. Einstein and Sandom has two other lines of business: the design and production of interactive multimedia marketing presentations, and title development.
        40 words
      • Article
        MTV launches pan-Asian campaign
        46 15 SINGAPORE Music Television (MTV) recently launched a new pan-Asian advertising campaign. "We'll Be Right Back" in 19 publications reaching territories from Hongkong and Taiwan to India. The campaign runs in English and Chinese and will support the network's relaunch of MTV Asia.
        46 words
      • Article
        New corporate identity for Kinderland
        56 15 SINGAPORE The Design Counsel has developed a new corporate identity for Kinderland, Yamaha Music Asia's childcare, kindergarten and teacher training centre. The new identity, featuring a young girl and boy under a "tree of knowledge", is to project a professional and credible image and reflect
        56 words
      • Article
        Artwright appoints marketing exec
        39 15 SINGAPORE Artwright Singapore has appointed Ken Heng as marketing executive. His duties include the formulation and implementation of new marketing ideas. He is also responsible for customer service. Mr Heng was formerly with Radio Shack.
        39 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      82 14 VACHERON CONSTANTIN Geneva, since 1755 The world's oldest watch manufacturer Sole Agent and Sen/ice Centre: Luxtime Singapore Re Ltd, 391-B Orchard Road #15-08, Ngee Ann City, Singapore 0923. Tel: (65) *****78 Fax: (65) *****74 Luxtime Malaysia Sdn Bhd, Suite No. 15-1 Level 15, Menara Sabre, 8 Lorong P. Ramlee, *****
      82 words
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  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      53 15 EARN A HIGH 111 Fixed Deposit 4.7500% 4.5000% *****% W7M% 3.6250% 3.3750% I 3.3500% I 3.1250%] Rates ore subject to change without notice Rotes ore on o per annum basis Watch your funds grow. Open/renew your Fixed Doposit with Hong Loong Finance and Singapore Finance today! HONG LEONG FINANCE LIMITED
      53 words
    • Advertisement
      Page 15 Advertisements Column 2
      279 15 What makes Jack's Place one of Singapore's favourite restaurants? It's not only our ambience and the affordable prices. It's because we serve our famous mouth-watering, tender. juicy steaks just the way you like it. everytime. So, for a super deal in steaks, stick to Jack's. JUNE SPECIAL (AVAILABLE FOR LUNCH
      279 words
    • Advertisement
      Page 15 Advertisements Column 3
      130 15 Ifoes You r Skin Care II Each skin type reacts differently to tension, fatigue and external aggression. 5 Hence different skin types need different z skin care according to their specific needs. I Introducing Correcteur Biologiques frtxn Carita. In f<xir innovative and effective gel senims; each specially ft emulated to
      130 words
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  • Article
    China's economic challenges
    525 16 ■DITORIAt THE FIRST six months of 1994 have proved to be traumatic for the Chinese economy. After careening along at about 13 per cent in real terms for the last two years, growth shows few signs of slowing down: output in May rose by more than 17
    525 words
  • WHAT THE OTHERS SAY
    • Article
      Reform comes at a price
      262 16 "EXCESSIVE PROFITS do not reflect the true relation between supply and demand." That crisp one-liner comes, not from a just-published book of great economic quotations, but from China's State Planning Commission, which is trying to fight inflation that appears periodically as a roadblock on the
      262 words
    • Article
      Building on good relations
      116 16 AS closest neighbours, it is important for both Malaysia and Singapore to maintain good and harmonious relations. The relationship which has been nurtured patiently by the older generation leaders, led Mr Lee Kuan Yew and Dr Mahathir Mohamad, needs to be built upon by the successor
      116 words
    • Article
      The need for budget discipline
      142 16 ONE MAY READ into Finance Minister Mar'ie Muhammad's reaffirmation last week of the government's imperative to maintain tight budget and fiscal discipline and come up with worrisome assumptions. The statement may also raise eyebrows coming on the heels of the recent debate over budgetary allocations
      142 words
    • Article
      Not all rosy
      167 16 IF STATISTICS told the whole story, Hongkong should be hanging out the flags today. The publication of the Unicef report on healthcare paints the territory in a very favourable light. Hongkong tops the table of East Asia and Pacific regional comparisons. The territory is the leading provider
      167 words
    • Article
      National stability above all
      167 16 IN A MOVE that reflects that stability is now regarded by the Indonesian government as the single most important concern, the Indonesian government announced on Tuesday to revoke the licences of its three leading weekly magazines namely, Tempo, Detik and Editor. It said the three publications,
      167 words
    • Article
      On the right track
      148 16 THE Malaysian economy is on track for another sterling performance. GDP growth of 8.6 per cent during the first quarter of this year and an inflation rate of 4.5 per cent have given the country a strong start to the year. The developed countries with all
      148 words
  • Article, Illustration
    Making appropriate noises
    1042 16  -  Anthony Rowley explains why leading Japanese businesses could be more concerned with appearing to favour deregulation than with actually achieving it Anthony Rowley The writer is BT's Tokyo Correspondent IN WHAT appears to be a heroic effort to ensure that the flame of economic deregulation shall not
    1,042 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      461 16 if i!"" S r ENTREPRENEURSHIP DEVELOPMENT CENTRE I' NANYANG TECHNOLOGICAL UNIVERSITY I Resents The Fifth ENDEC World Conference on Entrepreneurship THE PURSUIT OF OPPORTUNITY j 7-9 July 1994 Marina Mandarin Singapore Two conference packages have been tailored to meet the varying need of professionals J Day One of the Conference
      461 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      88 16 I:iTTs*•.^— N Fudgc. wpvs &e.eN ON TOOK TVAC, Crteppo... fCFNU. FM WOUDJV/ FOI V\r VOUD WD TVAC e*JRPk —J Bs >^& v flsy J —y ViA i■ 9P14 POOWESBURY GARRY TRUDEAU W IT'S NOT A QUESTION OF V WSornSsGOplSloWtk T>€SEP&MANENrKn9WBB6\ KTBFESTING QUESTION, I MHATItUANT. PEUEVE f HRST 9JC6ESTEP... OFPOUKWON&ZRtfAVB I
      88 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon A currency dragged down by twin deficits
      1472 17  -  The world economy is midway through a lengthy transition from recession and falling interest rates to one dominated by growth, inflation fears and rising rates. Saul Hansell explains how the resulting turmoil is claiming a casualty in the US dollar Saul Hansell NYT
      NYT; Reuter  -  1,472 words
    • Article
      Kept on tenterhooks by unpredictable markets
      1100 17  -  Neil Behrmann examines why brokers are shying away from buying into bonds and equities for the moment Neil Behrmann The writer is a London-based journalist. He eontribuled this article to BT IS THIS the time to defy deep market pessimism and buy bonds and
      1,100 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      810 17 jh Bank of Hawaii BANCORP HAWAII. INC AND SUBSIDIARIES Consolidated Statements of Condition Consolidated Statements of Income US$ in thousands US$ in thousands December 31 except per share amounts 1993 December 31 1993 Asscts Interest Income Interest-Bearing Deposits 837.704 Interest on Loans 494.705 Investment Securities Loan F** s Held 10
      810 words
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  • Article
    Fate of Hata govt in the balance, talks with SDPJ resume today
    515 18  -  From Anthony Rowley in TOKYO THE fate of Japanese Prime Minister Tsutomu Hata's minority government hung in a delicate balance last night after talks designed to bring the Socialists back into the fragile coalition broke up without agreement
    515 words
  • Article
    Lock icon M'sian exports to India down by half last year
    197 18 MBT KUALA LUMPUR Malaysia's exports to India plunged 50 per cent from US$42l million (***** million) in 1992 to US$2ll million last year. The decrease was mainly due to a drop in petroleum, timber and palm oil imports by India, Ministry
    MBT  -  197 words
  • Article, Illustration
    Lock icon US to suspend effort to impose sanctions on N Korea: Clinton
    313 18  -  From Leon Hadar in WASHINGTON UNITED STATES President Bill Clinton said Washington would suspend its effort to impose sanctions on North Korea and would resume negotiations with Pyongyang after North Korea agreed to freeze its nuclear programme. "We welcome
    Reuter  -  313 words
  • Article
    Lock icon US insurer Conseco outbids GE for Kemper with US$3.2b offer
    360 18 AP NEW YORK Insurer Conseco Inc stunned GE Capital Corp yesterday by outbidding it with a US$3.2 billion (554.9 billion) purchase offer for Kemper Corp, a deal that would represent one of the largest insurance mergers ever. The US$67 a
    AP  -  360 words
  • Article
    Lock icon Orders for US manufactured goods up strongly in May
    361 18 Reuter, AP WASHINGTON Orders for expensive manufactured goods posted strong gains in May. the US Commerce Department said yesterday, boosted by demand for new aircraft. The 0.9 per cent rise in May orders for durable goods, items such as cars and
    Reuter,; AP  -  361 words
  • Article, Illustration
    Whose fault is it that the yen is so high?
    918 18  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE Clinton administration in the United States has been forced to make yet another policy U-turn in Asia. But, unlike the climbdown over MFN for China and
    918 words
  • Article
    S'pore firm seeks nod for US$500m Viet resort
    463 18  -  By Harish Mehta SINGAPORE Singapore property and construction group Koh Brothers is seeking approval from the Hanoi government to turn a virgin tropical island into a resort-cum-industrial haven at a cost of some USSSOO million (SS7SO million). The firm recently submitted its
    463 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      34 18 KAISER KITCHEN SYSTEM SINGAPORE KJJALA LUMPUR NGEEANN OOEON TOWERS tg MENARA IMC ihMM "to*"**"*™ Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-*****76 MRCEIMTRE Operate A Business From Home? We give complete support/address/dedicated phone Ca*****5240
      34 words
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      Page 18 Advertisements Column 2
      13 18 Weekend trade talks cancelled as Tokyo minister calls off US trip, Pg 6
      13 words
    • Advertisement
      Page 18 Advertisements Column 3
      13 18 I You'll get a clean job done when you call in the experts
      13 words
    • Advertisement
      Page 18 Advertisements Column 4
      82 18 KAISER KITCHEN SYSTEM Chinese artifacts MOTHER-OF-PEARL/BLACKWOOD ARTIFACTS -Altar table -Screens/frames -Tables/chairs by FAMOUS MAKER: r*we JADE SCREEN ON BLACKWOOD STAND ANTIQUE PORCELAIN VASES BOWL Genuine european furniture Tables/Chairs/Cabinets Purchased from Prestigious Auction House in London, Date 24 June 1994 (Friday) --Kiliiney Road 25 June 1994 (Saturday) [^a 1 Time 11.30
      82 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Jaya Hldgs taps market for $88.6m with rights, note issue
      474 19  -  By Paul Leo SINGAPORE Jaya Holdings is taking advantage of favourable interest rates to raise up to $88.6 million in the capital markets through a rights issue and note issuance facility. The marine-based group has also enticed shareholders with a
      474 words
    • Article
      Judicial Commissioner ticks off witness
      648 19  -  Hearing on petition to wind up YHS Holdings By Genevieve Cua SINGAPORE A number of discrepancies emerged yesterday in the court testimony of one of the key witnesses for the rival family faction that is fighting Yeo Hiap Seng chairman Alan Yeo's petition to wind
      648 words
    • Article, Illustration
      Lock icon Barito-CASH timber alliance a useful plank for all sides
      763 19  -  HOCK LOCK SIEW By Agnes Chen SINGAPORE Indonesian timber lord Prajogo Pangestu will do very well for himself in the reverse takeover of Malaysia's Construction Supplies House (CASH) Bhd. Even so, CASH's minority shareholders have little cause for complaint. The ailing
      Source: Bloomberg  -  763 words
    • Article
      Telecom's network venture enters Europe
      270 19  -  By Dexter Lee SINGAPORE A joint venture formed by Singapore Telecom and two telecommunications giants to offer private cross-border communication networks has penetrated the European market. Multinational companies in Europe can now make use of World Source, a one-stop service which allows them to set
      270 words
    • Article
      Lock icon Creative in development deal with US firm AST Research
      147 19 Bloomberg Business News SINGAPORE Creative Technology Ltd and AST Research lnc of the United States have entered into a development and marketing agreement for multimedia products. The companies said the agreement would allow them to develop more products for home, office
      Bloomberg Business News  -  147 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        44 19 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday, (hernight events may alter sentiment. Brokers polled: Alliance. Baring. Duma, h'raser. Kay than. Nomura, Morgan (irenfell. Phillip. Smith Sen Court. lat Lee and SG W arburg
        44 words
      • Article, Illustration
        HOT STOCK
        148 19  -  By Paul Leo Inno-Pacific Moldings has been languishing between 65 eents and 75 ecnts since early last month. At 69 cents yesterday, it is a medium-term buy. The Relative Strength Indices and stochastics on the daily and weekly charts arc fast approaching the oversold region. The weekly Moving
        148 words
    • COMPANIES
      • Article
        Lock icon PNB to sell 10pc of Kumpulan Guthrie stake
        443 20 Float of shares on international markets a possibility by year-end AFP KUALA LUMPUR Malaysia's biggest government investment house yesterday announced plans to sell 10 per eent of its stake in Kumpulan Guthrie as the plantationbased company aggressively diversifies into property. Permodalan Nasional
        AFP  -  443 words
      • Article
        Untitled
        499 20 M«acm' ptkM it) Jun 24 UM8 Invest Mgt Ltd lnJU Unit Truct Unifund 1.44 I.SO Singapore unit irust umbond 103 1.055 The Commerce I 64 l.74xd United Or Fund! 1.66 1.73 Ilic Savings Fund 1.54 1.63 United Asia Fund 1.63 1.73* S pore Prog Fund 0.70 0.74 ||Af) s pore
        499 words
      • Article
        Untitled
        1034 20 Payment Ex Books Pay date close date ABR Hldgs 5* F 9 Jun 29 Jul 5 Jul 15 Aetna F 10 Jun 14 Jun 20 Jul 5 Alcorn F 3.5TE Jun 23 Jul 7 Jul 22 Amcol 25' F 20 Jul 26 Aug I Aug 23 Apollo b 2.5 Jun
        1,034 words
      • Article
        Sembawang outlines plan to meet growth targets
        309 20  -  By Rahita Elias SINGAPORE Sembawang Corp has mapped out a plan to meet its twin goals of 15 per cent annual growth in revenue and equal contributions from its four divisions. •"The plan was outlined by chairman Philip Yeo at a recfcnt seminar
        309 words
      • Article, Illustration
        Lock icon Sparkling new Hondas in the Philippines
        56 20 Reuter SANTA ROSA, the Philippines Sparks fly as Filipino workers weld together parts of a Honda car in the Japanese company's plant in an industrial park in Santa Rosa, Laguna province, south of Manila. All 120 cars produced per month at the plant will
        Reuter  -  56 words
      • Article
        York Pacific sets up China plant
        246 20 SINGAPORE Truck accessories maker York Pacific, which is expected to launch a Sesdaq initial public offer soon, has set up a joint-venture plant in China. The new company, Qingdao York Transport Equipment Co, will produce trailer axles and components for the China market. York
        246 words
      • Article
        Lock icon Thai Airways' 46b yen bond sale for planes
        234 20 Bloomberg Business News BANGKOK Thai Airways International pic will sell 40 billion yen (Ss6o2 million) worth of Samurai bonds to refinance the airline's purchases of aircraft, the airline's chairman said yesterday. The state-controlled airline will also sell six billion yen worth of
        Bloomberg Business News  -  234 words
      • Article
        Lock icon Pilecon to regionalise subsidiary
        328 20 MBT KUALA LUMPUR Pilecon Engineering Bhd will regionalise the operations of its subsidiary Pilecon Geotechnics Sdn Bhd to help strengthen the group's presence in the AsiaPacific. Managing director Chong Kok Kcong said after the company's annual general meeting here yesterday that Pilecon Geotechnics had a good
        MBT  -  328 words
      • Article
        Lock icon Call to enforce release of quarterly results
        319 20 Bernama KUALA LUMPUR Malaysian Investors' Association president PHS Lim yesterdaycalled for the mandatory release of companies' financial results on a quarterly basis. Me told a conference on "Corporate Disclosure and Financial Reporting" organised by the Centre for Management Technology here: "Half-yearly financial results
        Bernama  -  319 words
      • COMPANY BRIEFS
        • Article
          Work starts on IPC's $25m plant
          55 20 SINGAPORL Mainboard-listed IPC Corp has broken ground for a new $25 million plant that will be ready in 18 months. The plant, next to the company's factory in Tai Seng Drive, will have 22.000 sq m of floor space. It will boost IPC's output
          55 words
        • Article
          First Capital unit sells Heshe shares
          54 20 SINGAPORE First Capital Corporation announced yesterday its wholly owned subsidiary First Capital Assets sold four million Heshe shares to Chinese company Fun Corporation director and general manager Chen Miao Duan at 50 cents each on Tuesday. The price was similar to the 41 million
          54 words
        • Article
          SIA associate lifts paid-up capital
          53 20 SINGAPORL Singapore Airlines said yesterday that its associated company Singapore Aircraft Leasing Enterprise had on June 10 increased its paid-up share capital from $6 to $400,006 with the allotment of 200.000 ordinary shares each to Singapore Airlines and Boullioun Aviation Services. Both companies paid cash
          53 words
        • Article
          Nod for Powermatic bonus issue
          38 20 SINGAPORE Powermatic announced yesterday it has received in-principle approval from the Stock Exchange of Singapore for its proposed two-for-five bonus issue. An extraordinary general meeting will be held soon to seek shareholder approval.
          38 words
        • Article
          Chuan Hup rights reminder
          33 20 SINGAPORE Chuan Hup Holdings has reminded holders of its Transferable Subscription Rights, issued in 1989 with the bloating Rate Notes, that the last day of exercise is July 29.
          33 words
        • Article
          Lawry's acquires new subsidiary
          98 20 SINGAPORE ABR Holdings announced yesterday that its 51 per cent-owned subsidiary Lawry's has acquired a new wholly owned subsidiary, lawry's PRC investment Pte Ltd. It said that Lawry's PRC. which was incorporated locally, will be an investment holding company with an authorised share capital of S
          98 words
      • Article
        Promet bags $7m worth of repair contracts
        408 20  -  By Dexter Lee SINGAPORE Promet Pte Ltd, the rig-building arm of Malaysian-based Promet Bhd, has clinched refurbishment and repair contracts worth about $7 million. Under a refurbishment contract awarded by Christiani Nielsen, the yard will fabricate steel structures and assemble and install equipment
        408 words
      • Article
        Lock icon UEM buys 45pc stake in Penang Bridge firm
        171 20 MBT KUALA LUMPUR United Engineers (Malaysia) Bhd has acquired a 45 per cent stake in Mekar Idaman Sdn Bhd, the concession company for the privatisation of the Penang Bridge. The company said in a statement that the purchase price for the 1.125
        MBT  -  171 words
      • Article
        Lock icon Securities watchdog raids Osaka drug firm over insider trading
        286 21 AFP TOKYO Japan's Securities and Exchange Surveillance Commission yesterday raided the Osaka headquarters of Nippon Shoji Kaisha Ltd for insider trading in its shares before a warning against one of its drugs. The raid in the western Japanese city represented a
        AFP  -  286 words
      • COMPANY BRIEFS
        • Article
          Lock icon Shenzhen bourse faces extinction: broker
          122 21 Bloomberg Business News HONGKONG The Shenzhen Stock Exchange, like the giant panda, is facing extinction, says international securities firm W I Carr. China's drive to make Shanghai and Hongkong its two main stock exchanges effectively relegates Shenzhen into third place, W I Carr said in
          Bloomberg Business News  -  122 words
        • Article
          Lock icon Duracell to set up Dongguan facility
          115 21 Reuter BEIJING Duracell International Inc will sign a joint venture agreement next week to set up a state-of-the-art facility in Dongguan, Guangdong province to produce AA size alkaline batteries. It said the investment, with Huaxin Industrial and Commercial Corp of Dongguan city, will be
          Reuter  -  115 words
        • Article
          Lock icon Daiei plans China supermarket venture
          129 21 Reuter TOKYO Daiei Inc, a major Japanese supermarket chain operator, has submitted a proposal to China's Ministry of Internal Trade to establish a joint venture to open 300 supermarkets as well as convenience stores and restaurants throughout China, the Nikkei reported. The financial daily said
          Reuter  -  129 words
        • Article
          Lock icon Company to sell stake in Asia Securities
          90 21 Bloomberg Business News HONGKONG Investment company Hongkong China is in talks to sell its 50.96 per cent controlling stake in Asia Securities International to an unnamed third party, the companies said in a joint statement. They said no agreement has yet been reached
          Bloomberg Business News  -  90 words
        • Article
          Lock icon Shanghai exchange suspends trading
          116 21 Reuter SHANGHAI The Shanghai Petroleum Exchange halted all trading for yesterday and today after key contracts were suspended, a spokesman said. The spokesman said the halt in trading was to allow training for traders in new contracts being formally launched on Monday to replace diesel, gasoline
          Reuter  -  116 words
      • Article
        Lock icon US firm to invest in Kosan
        129 21 Bloomberg Business News HONGKONG A company founded by former United States Treasury Secretary William E Simon has obtained share options in a new company set up by the family of Hongkong businessman, Ko Kai Hing. William E Simon Sons (Asia) Limited, a company specialising
        Bloomberg Business News  -  129 words
      • Article
        Lock icon Aussie retailer Brash to pursue Whitcoulls debt
        161 21 Reuter MELBOURNE The joint administrators of Australian specialist retailer Brash Holdings Ltd said they will pursue Whitcoulls Group Ltd for an A 56.4 million (557.2 million) debt. David Beatty and Michael Humphris of accountants Ar- thur Andersen said in a report that this
        Reuter  -  161 words
      • Article, Illustration
        Lock icon Benetton to merge its two Japanese units
        171 21 AFP TOKYO Italian clothing giant Benetton Group SpA is to merge its two Japanese units into a single company with annual sales of 22 billion yen (***** million) by the end of this year, a spokeswoman said yesterday. The spokeswoman said the new
        AFP  -  171 words
      • Article
        Lock icon Barclays investing £1b a year to realise its multi-media goals
        492 22 Bloomberg Business News LONDON Barclays pic wants to be a multi-media company, and not just for banking. Joseph de Feo, director of group operations and technology, said yesterday: "I can see the day when Barclays might make more money as
        Bloomberg Business News  -  492 words
      • Article
        Lock icon Nasdaq in talks to form European exchange
        300 22 FT WASHINGTON Nasdaq, the United States screen-based exchange which is the world's second largest stock market by turnover, is holding talks with potential partners about creating a pan-European exchange for small and medium-sized companies. Joseph Hardiman, Nasdaq president, said the new exchange could
        FT  -  300 words
      • Article, Illustration
        Lock icon Changes at the top at ICI
        56 22 Reuter LONDON Ronnie Hampel (left), now ICl's chief executive and deputy chairman, will become chairman on April 27, 1995. Succeeding Mr Hampel as chief executive will be Charles Smith (right), who is currently an executive director of Anglo-Dutch chemicals maker L nilever NV and
        Reuter  -  56 words
      • Article
        Lock icon Rothmans' pre-tax drops 27pc after one-time charges
        214 22 Bloomberg Business News LONDON UK tobacco company Rothmans International pic said its pre-tax profit slumped 27 per cent after it took heavy one-time charges for the reorganisation of its business. Rothmans, whose brands include Dunhiil and Rothmans cigarettes, posted a pre-tax profit of
        Bloomberg Business News  -  214 words
      • Article
        Lock icon GM hopes to sell rental chain for US$1b
        394 22 Reuter SOUTH FIELD, Michigan General Motors Corp could sign a deal within the next two months to sell its National Car Rental System Inc unit for a price exceeding USSI billion (551.53 billion), said the rent-a-car firm's president. Lawrence Ramaekers said the
        Reuter  -  394 words
    • FINANCE & COMMODITIES
      • Article
        S'poreans in list of top 100 emerging markets' superstars
        366 23  -  By Catherine Ong SINGAPORE Two Singaporeans and one Singaporebased merchant banker were featured in the top 100 emerging markets' superstars list compiled by Global Finance, a New York-based magazine. They are Singaporean fund manager Charlotte Yew, a Hongkong-based director of Jardine
        366 words
      • Article
        Lock icon Some US bank fees outpace inflation rate, says Fed
        301 23 Reuter WASHINGTON Fees levied by banks and thrifts for bounced cheques, overdrafts and certain chequing accounts have risen faster than the pace of inflation, according to Federal Reserve data. More and more banks are also charging customers who bank through Automatic
        Reuter  -  301 words
      • Article
        Pan Indon Bank raises US$15m loan in Singapore
        196 23 SINGAPORE Pan Indonesia Bank has raised a US$l5 million (SS23 million) term loan from a consortium of banks here. The five-year revolving credit deal, at 1.5 per cent above the Singapore Interbank Offered Rate, was signed yesterday at the local office of
        196 words
      • Article, Illustration
        Lock icon Laughing all the way to the bank
        51 23 Reuter LONDON A syndicate of five City of London bank workers celebrating their Littlewoods pools win with Ruby Wax outside the Tower Thistle Hotel here on Wednesday. The city workers won £1.15 million (552.7 million) with an entry that cost them £2.20 each.
        Reuter  -  51 words
      • SMALL CHANGE
        • Article
          Lock icon Nod for Ashok Leyland's Euroissue
          85 23 Reuter NEW DELHI The Indian government has approved a proposal by truck maker Ashok Leyland to tap the Euroissue market for USSISO million (***** million) to augment its foreign equity, an official statement said on Wednesday. The government's Cabinet committee on foreign investment also cleared
          Reuter  -  85 words
        • Article
          Lock icon Indah Kiat sells US$500m in debt
          95 23 Bloomberg Business News NEW YORK PT Indah Kiat Pulp Paper Corp. an Indonesian paper company, sold USSSOO million (***** million) of high-yield debt in three parts, after twice boosting the size of the offering. MCM Corporate Watch said on Wednesday. The company sold the
          Bloomberg Business News  -  95 words
        • Article
          Lock icon Chase to sell Florida branch operation
          84 23 Reuter m NEW YORK Chase Manhattan Corp has agreed to sell deposits and loans of its Florida branch banking operation to First Union Corp for a premium of US$6O million (Ss93 million), a Chase spokesman said on Wednesday. The premium equals 7.0 per cent
          Reuter  -  84 words
        • Article
          Lock icon Allianz picks CEO for property unit
          83 23 Bloomberg Business News MUNICH Allianz AG Holding has appointed Reiner Hagemann. 46. as chief executive of its main property and casualty unit. Allianz Versicherungs-AG, from Jan 1, 1995, the German insurance company said on Wednesday. Mr Hagemann, currently management board member responsible for sales
          Bloomberg Business News  -  83 words
        • Article
          Lock icon Interest in Venezuela insurance market
          102 23 Reuter CARACAS European and US investors want to increase their participation in Venezuela's insurance market, which may open further to foreign capital under a proposed new law. Insurance Superintendent Konrad Firgau Yanes said on Wednesday. "There are two European companies that have shown interest in
          Reuter  -  102 words
        • Article
          Lock icon Soffex sees 20pc rise in options trade
          125 23 Reuter ZURICH The Swiss Options and Financial Futures Exchange (Soffex), coming ofT a record year for equity options trading, expects volume growth of some 20 per cent in 1994, Soffex chief executive Otto Naegeli said yesterday. "Based on the first five months of
          Reuter  -  125 words
      • Article
        Lock icon Mutual fund industry's fast growth leads to errors
        232 23 Reuter NEW YORK After Fidelity Investments had given the National Association of Securities Dealers the wrong mutual fund prices on June 16, the error shows that the rapid growth of the industry has outpaced the ability of regulators to monitor it, The
        Reuter  -  232 words
      • Article
        Lock icon GE removes its Kidder, Peabody chief executive
        461 23 NYT NEW YORK In an effort to restore the shine to Kidder, Peabody Co's tarnished image, General Electric on Wednesday replaced Michael Carpenter, Kidder's chief executive, with two senior executives from GE. Jack Welch Jr, chairman of GE, said the decision to replace
        NYT  -  461 words
      • Article
        Lock icon Big Swiss banks more open than German rivals: committee
        454 23 Bloomberg Business News ZURICH The three largest Swiss banks have "clearly more transparent" financial information than their big German rivals. The Swiss Shareholders' Information Committee, which groups financial analysts, portfolio managers and accountants, yesterday said Union Bank of Switzerland. Credit Suisse
        Bloomberg Business News  -  454 words
      • Article
        Lock icon US firms in forex market adopt cautious approach: survey
        282 23 Reuter LOS ANGELES Most US corporations involved in the foreign exchange market hedge their transactions and manage their operations very conservatively, a study by Bank of America shows. The survey shows that 95 per cent of the companies responding to the
        Reuter  -  282 words
      • Article
        Lock icon Key commodities index down 3.42 points as prices tumble
        624 24 Reuter CHICAGO Price declines in commodities ranging from grains to gold on Wednesday led to a steep drop in a closelywatched index of raw materials prices and led some analysts to predict a mass investor exodus out of commodities. The Commodity
        Reuter  -  624 words
      • Article, Illustration
        Lock icon Malaysian palmoil output will pick up slightly, says industry
        581 24 Reuter KUALA LUMPUR Palmoil output in Malaysia will pick up in coming months, helping to ease a tight supply situation, industry sources said. However, the increase in production will probably be small due to tree stress, labour shortages and unfavourable weather,
        Reuter  -  581 words
      • Article
        Lock icon US futures commission shuts down five offices
        207 24 Bloomberg Business News SAN FRANCISCO The Commodity Futures Trading Commission shut down five brokerage offices in California, New York and Texas on Wednesday, alleging they sold illegal futures contracts to hundreds of retail investors for Hongkong broker Frankwell Bullion Ltd, according to court
        Bloomberg Business News  -  207 words
      • Article
        Lock icon Russia, oil consortium sign Sakhalin development accord
        275 24 Reuter WASHINGTON Russia and an international consortium of companies have signed an agreement to develop oil and gas reserves off Russia's Sakhalin Island. The project, called Sakha-lin-2, is valued at US$9 billion (5513.7 billion). Officials signed the deal on Wednesday at a reception
        Reuter  -  275 words
      • Article
        Lock icon US crude oil imports hit record level
        354 24 Reuter NEW YORK Crude oil imports hit a record 8.7 million barrels per day last week amid a steep drop in domestic output and surging demand, the American Petroleum Institute reported on Wednesday. That broke the previous record, set on Dec 3, 1993,
        Reuter  -  354 words
      • Article
        Lock icon Thai rice traders get US$5 a tonne export brokerage fee
        201 24 Reuter BANGKOK Thai rice traders will get US$5 (557.70) per tonne for every export order they obtain in excess of 10,000 tonnes to help boost prices of lower grade rice, officials of the Rice Exporters Association said. A meeting on
        Reuter  -  201 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        147 24 THE Singapore dollar was little changed from previous day's ranges. Rumours of interest rate cuts by the Bundesbank brought the local currency to the day's high before settling at 1.5274/79. The ringgit closed a touch firmer against the US dollar and is expected to maintain
        Charts by Dow Jones Telerate  -  147 words
      • Article
        London
        175 24 LONDON The dollar slipped lower against the mark after the Bundesbank said it left the nation's leading interest rates unchanged. The German discount rate, or base lending rate, stayed at 4.5 per cent, disappointing those who had hoped for a quarter-point cut. But Bundesbank President Hans Tietmeyer said yesterday
        175 words
      • Article
        Prices slide as concerns over Korean conflict ease
        163 24 Bloomberg ENERGY REPORT LONDON Crude oil futures prices declined yesterday as concerns about a possible Korean conflict diminished, brokers said. Prices were also led down because traders appeared more willing to discount a potential supply shortfall in the US Midwest, the brokers
        163 words
      • Article
        Lock icon New York
        97 24 AFP NEW YORK The dollar slipped in an active market yesterday, as traders focused on the dollar were ignoring a higher-than-expected increase in US durable goods orders in May. Gold, meanwhile, rose to U*****.90 an ounce, up 40 cents from late Wednesday. At about 1340 GMT, US$ traded
        AFP  -  97 words
      • Article, Illustration
        Untitled
        1688 24 I raJe-»eii(hleil index lakitlaietl afuiiiu S'pure's hip 14 iratlmf pariiien Base year I9SS US$/S$ forward rates Noon June 23 ss Bid Offer 1-month 1.5275 1 5290 2-month 1.5271 l.52«6 i-month 1.5266 ***** 6-month 1.5245 1.5265 Sotinir OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am an June 23 Singapore
        1,688 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGB firm on LDP move
        1389 25 Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures closed firmer in moderate trade. Euroyen and JGBs firmed in the afternoon session on news that the Liberal Democratic Party had submitted a no-confidence vote against the Japanese minority government headed by Tsutomu Hata.
        Reuter  -  1,389 words
      • Article
        Crude palm lower in volatile trade
        686 25 COMMODITY REPORTS Palm oil THE crude palm oil physical market closed lower in volatile trading yesterday. A dealer attributed the bearish sentiment to falls in the overnight Chicago soyaoil futures market as well as the uncertainty on India's new tender. Another dealer said today's
        686 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China floods push up metals prices
          96 25 SYDNEY Concerns that production and distribution of base metals could suffer as a result of recent flooding in China have nudged up metals prices in some Asian markets. Premiums buyers pay for metals over the LME spot price have advanced since the worst of
          96 words
        • Article
          Bumper harvest for Aussie sugar
          57 25 SYDNEY Australia's sugar mills will all begin crushing within the next three weeks, with early reports indicating average sugar content yields from the bumper cane crop. The Australian Sugar Milling Council reported that 16 mills had commenced operation with this year's Queensland cane crop forecast
          57 words
        • Article
          ICO revises budget on coffee pact
          102 25 LONDON The Executive Board of the International Coffee Organisation has agreed on a revised budget proposal for the new administrative International Coffee Agreement. An ICO official said the revised budget was agreed at a board meeting on Wednesday night and would be circulated to
          102 words
        • Article
          Belarus buys 81,000 tonnes of sugar
          59 25 MOSCOW Belarus has signed contracts to import 81,000 tonnes of sugar worth USS23.S million (5535.7 million) in the third quarter, Taduez Krivenya, Belarussian deputy minister of trade, told Interfax yesterday. Belagrointorg, a foreign trade i association, will buy 23,000 tonnes, said Krivenya. The Ministry
          59 words
    • Article
      COMMODITY PRICES
      1427 25 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 94 I I 173.25 1000 Aug 168.00 167 00 168.25 300 3100 Sep 164.50 161.00 163.50 475 2200 Oct/Dec lt»0.50 159.50 160.75 525 8925
      1,427 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1118 26 11.6 SHARES finished stronger yesterday after a volatile day's trade as the market reacted to a fall in the local dollar and calmer bond markets. The key All Ordinaries Index closed at 2,022.5 points, 11.6 above Wednesday's finish. The All Industrials Index surged 24.9 to 2,933.1. while the All
        1,118 words
      • Article
        Manila
        556 26 +6.20 Stock prices rose slightly yesterday as investors returned to the general market following the listing of three much-anticipated initial public offerings in recent days, brokers said. The Philippine Stock Exchange index rose 6.2 points to close at 2,822.15. It was the second positive day for the market after
        556 words
      • Article
        Taipei
        684 26 -86.47 Share prices on the Taiwan Stock Exchange dropped extensively yesterday as a result of institutional sell-oIT, with electrical shares hit hardest. Following the previous session's 8.64-point rise, the Weighted Price Index lost 86.47 points to settle at 5,871.14. Turnover rose to 1.03 billion shares valued at NT552.64 billion
        684 words
      • Article
        Seoul
        465 26 -0.82 Share prices on the Korean Stock Exchange ended mixed to weaker in a tug-of-war between profit taking and bargain hunting. The Composite Price Index edged down 0.82 of a point to settle at 935.57 points, the third straight slide. Trading was heavy with 62.08 million shares valued at
        465 words
      • Article
        New Zealand
        358 26 +30.0 Shares ended stronger on high volume, clawing back some of their earlier losses this week on the back of firmer bonds and Wall Street's rebound from sharp losses. Forestry stocks were the main beneficiaries as the NZSE--40 Capital Index climbed 30 points to 2,060, with Fletcher Forest
        358 words
      • Article
        Bombay
        47 26 -54.32 Heavy selling by speculators pushed down share prices on the Bombay Stock Exchange for the second day yesterday. The BSE 30-share Index ended at a provisional 4,269.80. down 54.32 points from the previous close. The 100-share National Index closed 14.66 lower at a provisional 2,023.91.
        47 words
    • WORLD STOCK MARKETS
      • Article
        London
        731 26 -18.0 STOCKS finished a volatile session lower as most institutional investors remained on the sidelines, traders and strategists said. "There is just a general lack of interest. People are still pretty much convinced the FTSE has further to fall," one trader said. "A lot of people think the market
        731 words
      • Article
        Paris
        163 26 +21.98 French stocks, Europe's worst performing shares this year, climbed even as the Bundesbank made clear that German interest rates would remain at current levels. Stocks were also pulled higher as traders took advantage of the end of the monthly account period to avoid costs on shares they have
        163 words
      • Article
        Stockholm
        113 26 13.14 Swedish shares closed higher as fading inflation worries caused government bond yields to plunge. "The market got a welcomed injection from falling market interest rates today," said a trader. The OMX Index of 30 leading stocks rose 13.14 points to 1,056.63. Twentytwo of the stocks in the index
        113 words
      • Article
        Frankfurt
        173 26 +27.68 German share prices closed firmer but oft the day's highs as supportive shortcovcring dwindled, dealers said. Some players were disappointed by the Bundesbank leaving rates unchanged. The DAX Index ended at 2,022.10, up 1.39 per cent or 27.68 points on the day but off intraday high of 2,038.54.
        173 words
      • Article
        Brussels
        166 26 +3.91 Belgian shares ended 0.28 per ccnt higher, in line with most other European bourses in a small technical rebound from an oversold condition. But dealers noted that the Brussels market remained fragile and sensitive to the dollar. One said that the Bcl-20 Index of leading shares came oft"
        166 words
      • Article
        Milan
        139 26 +35 Italian shares ended higher but some brokers said the rally appeared to be losing steam. Further gains by bonds or foreign bourses could help nudge prices higher again today but left to itself, the Italian market was lacking any real sense of direction. The Mibtcl Index ended up
        139 words
      • Article
        Amsterdam
        271 26 +4.64 Dutch shares ended solidly firmer, with some bargain hunting seen but mostly professional activity that is not expected to last. Rallies will continue to provide good selling opportunities, dealers say. The AEX Index ended 4.64 higher at 387.38, led by stronger bonds and a rise on Wall Street.
        271 words
      • Article
        Zurich
        269 26 +31.0 Swiss shares ended firmer, but off earlier highs. Dealers said shares followed bond futures down from their highs in afternoon trading. Lower US bonds also contributed to selling. Earlier, the market had opened firmer on stronger US bonds overnight and a slight recovery in the dollar. However, the
        269 words
      • Article
        Johannesburg
        311 26 +4 South African shares finished mixed yesterday as generally improved sentiment following the national budget and a bounce in world equity markets was countered by a bullion decline. The market had easily absorbed Wednesday's budget after nervous prc-budget speculation proved unfounded and dealers said they hope for a recovery
        311 words
      • Article
        Toronto
        240 26 +2.10 Stocks edged higher in thin early trading, buoyed by gains in overseas markets, with market players expected to seek out bargains. The gold and silver index, which dragged down yesterday's market, mounted a recovery on firmer gold prices. The TSE 300 Index nudged up 2.10 points to 4,054.30
        240 words
      • Article
        New York
        726 26 11.74 The Dow Jones, which bounced back 16.80 points on Wednesday, was ahead 11.74 points to 3,736.51 at I lam EDT. Solid gains in three Dow components helped lift the key barometer out of negative territory. General Electric, which paced the big board issues, was up IV* to
        726 words
      • Article
        Untitled
        775 26 Britannia Funds Sterling (Vnh Bid Offer Mim( jp Drp.nil J* 6400 )X 6500 Mini Jerse* (iilt 0 1*9) 0.1992 Mim Ma\ Income -0 sKJItfl *0 9 WO L SS Cash Income Plus Fund 4 'WW 10 )I00 PS Reverse Fund 5 2800 5 2900 Sterling Kquits Euro PetliMmjiht 0 4592
        775 words
    • Article, Illustration
      Lock icon HONGKONG
      2957 27 Reuter HONGKONG Shares ended higher on a firmer US dollar, bargain hunting and convictions that Sino-British talks would soon reach an agreement on financing the new Hongkong airport. The blue-chip Hang Seng Index closed up 89.95 points at 8,966.79 after hovering above 9,000. Turnover was a light HKS2.BI billion.
      Reuter; Source: Bridge Info  -  2,957 words
    • Article, Illustration
      Lock icon CHINA
      502 27 CLSA TURNOVER in Shanghai yesterday was low at US$2.5 million. Pilkington Glass was up 2 per cent on US$BOO,OOO turnover. Tyre Rubber saw a 10 per cent decline on low volume. The market index fell 8.29 points to 791.79. In Shenzhen, Lizhu recorded a HKS2.S million turnover with the
      CLSA  -  502 words
    • Article, Illustration
      Lock icon TOKYO
      2543 27 Reuter TOKYO Stocks ended sharply higher yesterday, with the Nikkei Average closing above the psychologically important 21,000 level. Arbitrage-linked buying and heavy buying by investment trusts boosted prices, with sentiment supported by the dollar's rise above 101 yen. "But overall, many investors kept a low profile, wanting to see
      Reuter; Source: Bridge Info  -  2,543 words
    • Article, Illustration
      Lock icon BANGKOK
      1724 27 Reuter BANGKOK Stocks ended lower after early gains were wiped out by late profit-tak-ing on uncertainty over the direction of the US dollar. The SET Index closed 6.95 points lower at 1,304.86. Turnover was a light 5.8 billion baht, against Wednesday's 7.5 billion baht. Losers beat gainers by 167
      Reuter; Source: Bridge Info  -  1,724 words
    • Article, Illustration
      Lock icon JAKARTA
      1147 27 Reuter JAKARTA Share prices drifted lower in uninspired trade at the close, with BBL Dharmala and Semen Cibinong leading the fall. A slight rebound in Barito Pacific failed to spur the market. The Official Index ended 2.17 points lower to close at 470.96. Volume fell to only 7.4 million
      Reuter; Source: Bridge Info  -  1,147 words
    • Article
      CLOB INTERNATIONAL
      2313 28 Wns Hyd 50c 7.37S.OOO Piomcl 4.432.000 Mutpha IMI 30c 4,282.000 Kcmayan 50c 3.704,000 Kcnong BM 30c 2.966.000 H Lcong Prop 50c 2.636,000 lUmunlina 50c 2.509.000 Lien Hoc TSR97 2.437,000 Fabcr Group 2.334.000 Multi-Purpose 1.637,000 FACB 50c 1.34*.000 AMDB 50c 1.313.000 Mclroptex TSK 1.293.000 Idns Hyd JOc 22.050,360 Kcmayan
      2,313 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices fall as hopes for early elections fade
        5722 28 Bloomberg Business News KUALA LUMPUR Stocks fell in thin trading yesterday after Prime Minister Mahathir Mohamad went abroad on vacation, dashing hopes that he would call an early general election, analysts said. Many investors believe elections would spark a market rally as
        Bloomberg Business News; Source: Bridge Info  -  5,722 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7615 29 Gr Gr 1994 Last Vol Day Uu QwX* Dl» Di» YM Net \l ap High Law C umpaaj Sale 47- (*000) High Low Bayer Seller Cir P/E Smll INDUSTRIAL AND COMMERCIAL 1440 83) I s Ac ma 970 *-20 354 97$ 960 965 970 I7.S 2.1 18 15.5 668 6
        7,615 words
      • Article, Illustration
        Lock icon Dealers perplexed and puzzled by market's inactivity
        1874 30  -  By R Sivanithy SINGAPORE Investors yesterday defied brokers' predictions by ignoring an overnight firming of equities on Wall Street and sent share prices here lower. Dealers had expected a relatively stronger performance yesterday, as most believed the gradual firming of the US dollar
        Charts by Bridge Info; Source: Bloomberg  -  1,874 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      313 19 NEWS VALUE lloh today 's news might affect your stinks CAM Mechatronic expected to launch main board IPO (PR I) I his is a company able to take advantage of its technical expertise to ride on the buoyant electronics industry. Investment income helps boost SMRT profit to $140 m (PR
      313 words
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      Page 21 Advertisements Column 2
      179 21 LONDON 5.30 AM ROME ".15 AM Jf FRANKFURT 7.20 AM ti■ i PARIS 9.35 AM QANTAS TAKES A FRESH APPROACH TO EUROPE 24 TIMES A WEEK. When you fly Qantas to Europe, you'll the little extra thought we've put into our service that have prompted UK's Sunday Times be glad
      179 words
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      325 22 tpftyfffpiyyyw»w4» If' If" o e) A. c*_ C y J (■KN m/j I J?* ft^ 1 11 I v*.^3yM tjCpVcft t yjgkm J st jfl B'\ /^^U v j c 'If, a When shipments of coffee first arrived at Boat Quay, it signalled the start of coffee trading in Singapore.
      325 words
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      Page 23 Advertisements Column 1
      126 23 MsM NEW BUSINESS OPPORTUNITIES IN MEXICO: m m NAFTA AND BEYOND ISUSt CONFERENCE AT SHANGRI-LA HOTEL, ISLAND BALLROOM A 30 JUNE 1994 09tf0 -12.-00 HOURS Keynote Speaker: DR PEDRO NOYOLA Dy Minister of Foreign Trade Investment of Mexico Organised by: Trade Development Board, Export Institute of Singapore, Singapore Manufacturers Association,
      126 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      124 25 INDUSTRIAL RAW MATERIALS We are a leading manufacturer of Power Distribution Transformers in India. We regularly purchase following items: I. C.R.G.O. steel in CoiiySheets/off cuts 11. Electrolytic Copper wire bar/rods 111. Transformer Oil Base Stocks (TOBS) and processed Transformer Oil IV. Electrical grade Insulating Papers/Boards Suppliers capable of offering competitive
      124 words
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      Page 25 Advertisements Column 2
      27 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ssBS& fcr-r Bp cUf ret u ill
      27 words
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      36 27 (p fffffff(p (p (p (p y y y y(f (f 1 (f 1 yyg 1 y g 1 1 Send a corporate brochure with a Global Flavour Come to the corporate brochure and annual report experts
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      1136 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE MATTER OF CONSULTING ENGINEERS GRABOWSKY EN POORT SINGAPORE PTE LTD (In Mentors' Voluntary NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pinuant to Section 290(2)<b)] At an Extraordinary General Meeting of tfw Company held at
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      264 30 ©DBS LAND DBS LAND LTD HK5500,000,000 Floating Rate Notes Due 1997 (Series 2 HK$25O Million) In accordance with the provisions of the Floating Rate Notes, notice is hereby given that for the period from 23 June 1994 to 23 September 1994, the Notes will carry an Interest Rate of 5.3125%
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      181 30 M THE HK3M COURT OF THE REPUBLIC OF SNGAPORE COMPAMES WMMNG UP NO. 30 OF 1994 IN THE MATTER OF THE COMPAMES ACT, CHAPTER SO AND IN THE MATTER OF MOOEHN MANAQFMFNT CONSULTANTS PTE LTD (M UQUDATION) NOTICE IS HEREBY GIVEN that the creditors of Via abovenamed Company, which was
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  • Shipping Times
    • Article, Illustration
      Lock icon World-Wide in US$600m water project
      338 31  -  S'pore, Philippine and M'sian yards set to gain from tanker conversion orders By Rahita Elias SINGAPORE Major tanker operator World-Wide Shipping Group yesterday sealed an agreement to participate in a US$6OO million (SS9IB million) project to transport water from Malaysia to the Middle East and
      Photo by Arthur Lee  -  338 words
    • Article
      Lock icon Japan pips S Korea as world's top shipbuilder in terms of tonnage
      365 31 Reuter SEOUL Japan has recaptured the world's top position from South Korea with regard to ship orders from abroad, the Korea Shipbuilders' Association (KSA) said on Wednesday. But the association said South Korean shipbuilders would not be deterred
      Reuter  -  365 words
    • Article
      Lock icon CMA seeking Med hub for services to Asia
      139 31 UPI LONDON French shipping company Compagnie Maritime d'Affretement is looking for a place in the Mediterranean to set up a hub for its East Asia and Mediterranean services, London shipping daily Lloyd's List reported on Wednesday. The newspaper quoted CMA chairman Jacques
      UPI  -  139 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1099 31 Page Col ABC Containerlinc 16 4 Accord Group 8 1-3 Ahrenkiei Liner 4 1/2 ANL 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 5 ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait
      1,099 words
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      Lock icon OECD urges govts to adopt free market in shipping
      433 31 Reuter LONDON The cargo ships and oil tankers that ply the world's oceans tor trade operate in a broadly open market but unwelcome practices can lurk beneath the surface, the chairman of the OECD Maritime Transport Committee said. At least 80
      Reuter  -  433 words
    • Article
      Lock icon Washington seeks to rescind Canadian fee on US fishing vessels
      271 31 Reuter WASHINGTON US diplomats are working to resolve a "salmon war" with Canada, focusing on getting a U551.125 (SS 1.720) Canadian licence fee imposed on US fishing vessels rescinded, a State Department spokeswoman said on Wednesday. The fee was imposed
      Reuter  -  271 words
    • Article
      Crisis at Rotterdam port
      914 32 Despite its natural advantages and recent investments, the world's largest port is facing declines in cargo volumes ROTTERDAM actually has every reason to be content: The port continues to be the biggest in the world. The handling figures for 1993 are not bad, considering the recession
      914 words
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      THE SHIPPING GUIDE
      17094 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. LEGENO FN: ship calls at I'enang after
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        623 48 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Sor Wamaotia S*//94 P01A alongside 2306 2000 Airfares 24SB 112 alongside 2406/1200 Thanakul ***** P01A alongside 2306 2300 Wl An l KS06 115/16 alongside 2406 0600 7 Dwam 406N P03 alongsde 24 06
        623 words
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        CONTAINER SCHEDULES
        1764 48 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 Aci Jade 1918 25 0800 IB 23/1500 23,1659 23/1900 2A 23/1/00 24/0659 24/0900 3 24/0/00 24/1159 24/1400 4 24/1200 24/1459 24/1/00
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      Daily Freights
      734 48 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,313 on Wednesday from 1,312 on June 21. FIXTURES Tanker: Business slowed for very large crude carriers loading in the Persian Gulf, but brokers are still hopeful that rates will hold firm for a little longer.
      734 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon AMR plans further payroll cut in core airline business
        454 50 NYT WASHINGTON The AMR Corp, the parent of American Airlines, said on Tuesday it was planning to further trim and consolidate the ranks of its managers and possibly other non-unionised workers in its core airline business. The move underscores the need
        NYT  -  454 words
      • Article, Illustration
        Lock icon UK govt won't give in to rail workers: Heseltine
        357 50 Reuter HELSINKI Trade Secretary Michael Heseltine said on Wednesday the British government was determined not to bend to railway workers' demands for an 11 per cent pay rise to end a conflict paralysing commuter networks around Britain. "The one thing the
        Reuter  -  357 words
      • Article
        Lock icon Washington to back US-German-Russia aviation venture
        179 50 AFP WASHINGTON The Clinton administration announced on Wednesday financial support for a joint venture to produce aircraft engines between Germany, Russia and the United States. The venture will draw on the US' Pratt and Whitney, Germany's Motoren und Turbinen Union GmbH and Russia's Perm
        AFP  -  179 words
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        Lock icon Swissair denies it is close to pact with Sabena
        391 50 Bloomberg Business News ZURICH Swissair has denied that it is close to completing a cooperation agreement with the ailing Belgian airline Sabena. Swissair spokesman Pierre Freimuller dismissed a report in Belgian newspaper De Morgen. which quoted Sabena sources as saying a
        Bloomberg Business News  -  391 words
      • Article
        Lock icon Car makers scramble for piece of China pie as Beijing show opens
        288 50 Reuter BEIJING At China's big-gest-ever car show, global makers scrambled yesterday for a piece of what may be the world's last big market but there will not be a place for everyone at the party. Auto China '94
        Reuter  -  288 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1430 50 og nm m n** rro^ Mm Miafai GA976 0010 GA928 2140 GA970 2155 MataMa QF81 1925 QF82 2055 SQ227 2230 AnsterdMn KL837 1450 GA976 0010 SQ323 1730 KL838 2300 SQ26 2355 AMmm SQ348 2250 Auckland NZ73 1550 SQ285 2045 SQ288 2040 NZ74 2340 BA12 2200 Bafrraja
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      • LOG BOOK
        • Article
          Lock icon Xian Aircraft wins Boeing pact
          81 50 Reuter SEATTLE Boeing Co said on Wednesday Xian Aircraft Co of China has won a contract to supply rear fuselage sections for the Boeing 737 from 1997. Under the agreement Xian, a Boeing supplier since 1980, will deliver 100 sets of the plane's "Section 48"
          Reuter  -  81 words
        • Article, Illustration
          Lock icon Unscheduled landing
          41 50 Reuter FRANKFURT Firefighters extinguishing a fire on a US Air Force B-1 bomber. The jet made an emergency landing at Frankfurt International Airport on Monday, coming to a rest just at the end of a 4 km runway. Reuter
          Reuter  -  41 words
        • Article
          Lock icon Ho Chi Minh airport needs US$1.8b
          71 50 AFP HANOI Ho Chi Minh City's airport needs US$l.B billion (SS2.B billion) by 2010 in order to handle an expected 50 million passengers and one million tonnes of cargo, the Vietnam News Agency said on Wednesday. Tan Son Nhat airport, a former US air
          AFP  -  71 words
        • Article
          Lock icon Lucas in China joint venture
          73 50 Reuter LONDON Lucas Industries pic said its aerospace division has signed a joint venture deal with Chinese firm Taikoo Aircraft Engineering Co (Taeco) to set up an aerospace repair plant in Xiamen. China. It will own 65 per cent and Taeco the rest. Lucas said
          Reuter  -  73 words
        • Article
          Lock icon S Korean shipyard's soccer strike
          112 50 UPI SEOUL Workers at Hyundai Heavy Industries Co, South Korea's largest shipyard, are planning an illegal three-hour strike to watch a live television relay of a World Cup soccer game between South Korea and Bolivia, news reports said on Wednesday. A temporary strike was planned
          UPI  -  112 words
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      40 31 Witt 2 layers. seamless HLia woven com made of polyester according to OIN ***** standard, with woven-in stripes fgy/S,. >- toMidiattto^of Exckjsive AQerVOtstntxjtor Mlntermarine Supply Co (Re) Ltd Na 7 ftjt Bat* 9 22, *****. Tet 563 3488 Fax 563 6811
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      26 31 Lines and services represented by Members of the Registry of Accredited Ljjß)® Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      57 31 Crisis at Rotterdam port, Pg2 AMR plans further payroll cut in core airline business, Back Pg m'XiTJ 12 4 <? L* 1 .J i... »-%Tf v c7f IT '•^T 7 H^uNl> 4 V"^*s' >"*••-• -jv' 4 r; v 2V? «i Wi fSSSj -> LOOKING DEEPER A probe into current market
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      20 31 toe jj& FAMOUS s>° n *6 i Kiamuk/ BBHim 224 1833 I For more information please refer to Pg. 13
      20 words
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      2067 32 import.... import.... I MONTH AMBMCA I I OTHER DMTIWATIOHB I 1. WORTH AMERICA I ■MtCLltlMeMmm I I TO MOT COW MOTH /U—CA «WC« I tHWW CM»W«A BH g—CT WW WWT COW) I VESSEL *0T STOK LA OM VCR SEA OAL HOLBIOH PRC NT UUCP QTT VESSEL STOK BUENOS AMS MONTFVBEO
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      2222 33 rr o ■iuivo) i iiumj vuuv r rtrfV*. dtp iTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHO. BH,PP,N PETALING JAVA TEL: 03-*****76 FAX: 03-*****42 j DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) gENANO TEL: J" CFS TEL *****6 J BOOKINGS TEL: *****80 *****81/ *****82 'POM TEL. FAX.. *****6 (OPNS v CUSTOMER
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      1939 33 ■OEBasasna U.S.A./ CANADA 3 TIMES A WEEK SL DEVELOPER V.206E ETA SIN 27TH JUNE 94 MARIE MS. V.9406 ETA SIN 28TH JUNE 94 ANDERS MS. 9410 ETA SIN 29TH JUNE 94 VMMI Voy ETA ETO FMdwwl by s r:r™ destinations TTM m* MARIE maersk v94oe K7K7!]IS2BC2I32HQIES!32ZS^XZII3ECE^E2!^XI^3I ?8. oe oaoo hrs
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      1570 34 AOABA R DAM/ LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JFD) S' fON M'BURG A WERP HAVRE UfEST MALAYSIA ESSEN EXPRESS 06/324 25/6 4/7 11/7 13/7 16/7 18/7 20/7 Poft Kelang. Penang LA SEINE 36/125 29/6 16/7 19/7 17/7 Paslr Gudarig HOECHST EXPRESS 15/325 2/7 11/7 16/7
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      652 34 C3ZZBH AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Vootochny, Vladivostok, Moscow, Baku, Tashkent, Irkutsk, Alma Ata, Athgabad, Dushanbe, Kit* N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Europa V.2204 28/6 26/7 Ned Hongkong V.2214
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      1346 34 NORASIA NORASIA PRMCESS 9425 3 30/06 21/07 22/07 23/07 24/07 25/07 26/07 27/07 21/07 28/07 NORASIA SUN 9426 3 06/07 28/07 29/07 30/07 01/08 02/08 03/08 04/08 05/08 05/08 I NORASIA PEARL 9427 3 13/07 05/08 06/08 07/08 08/08 09/08 10/08 11/08 12/0* 12/08 ARABIAN SEA 428W 20/07 12/08 13/08
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      1789 35 m STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers I I 0208 Tel: *****88 Fax: *****17 SSS new guinea pacific line /xTQSS (A SERVICE OF CHINA NAVIGATION CO) CARGO (X* SAM. S STR/UTS PM* VI IE Muvj. KK 24 k*i 25 lun 26 Jiff fCL LCL CONTAINER
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      2905 35 SINGAPORE AGENT: fl Af*C P&O Containers (Singapore Agencies) Pte Ltd S A. Vj"-H|.C4IiHV-l 10 Hoe Chiang Road #07-01 Keppei Towers. Singapore 0208 Ww?* Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 '%P V CR Number **********0Z EXPORT IMPORT VESSEL VO* *PWO *PKO SM SOW ANT ROT MAM
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      44 35 0 ORIENTAL LINES 1 INDIAN OCEAN SERVICE CONTAINER/BREAKBULK ETA ETA ETA ETA ETA SINGAPORE COLOMBO MALE MAHE MOMBASA MV STEVNS TRADER VO2/94 25/6 02/7 04/7 09/7 12/7 MV ARGOMAR VOl/94 04/7 11/7 13/7 18/7 21/7 Agents: Inchcape Shipping Services Bookings: *****54/*****98 Fax No: *****88
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      607 36 ifA EKA JAYA AGENCIES V||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HQ Ctn mtttl CITY uaa IHANPPtWHK/PffltCT HCHPY HQS 2HOM4 ra7MM/M41««4 KELVIH CHAM 21*0*25 HM7a/HBatl IMANOJ 2HMM IMMT22 TO COHTAlNtrtJfifliß SERVICE CENTER-POINT v M 7 lines KOFI VOY no STOW DOT tT» HCMC KUMBI nit «,<*
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      1687 36 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FDD VSI SIN kX HAUL SEA YW POX EOO HI »R* HAUL SA* IM WC HANJN HAMBURG OIK 1/7 URECT 21/7 22/7 23/7 HANJIN HAMBURG OIK 1/7 M PROGRESS 0331 4/1 5/1 7/1 HANJM SINGAPORE
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      1444 36 i h -i HHMHUIMMMfIIMIIBiBMMMaIMMMMMIIMBBaBiBMIMaM^^M^H-, pii scf use wc ug pus mi os n sw no hi us w nc in urn rom n* «g no cia m w K, i. anal K*u v/t wt t/i 1/1 u/; \m mi i«n isn u/i ti/i u/« \m mi ivi »/i »i i
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      2398 37 H II SCX: CALIFORNIA SATURN 66E'ETA SGP 29/06/94 II H KS II ARRIVING LOS ANGELES 16/07/94 IN 16 DAYS HI H II AEX: OCEANUS OSAKA 34E'ETA SGP 29/06/94 II ARRIVING NEW YORK 23/07/94 IN 23 DAYS HI EXPORT TOt PSW/PNW SINGAPORE CALIFORNIA EXPMSS (SCX) TO: USWC —US GULP MIDWEST USEC
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      1217 37 A MULTILINE SHIPPING PTE LTD (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 PKLG:
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      1070 38 Kit Hp ft AS AGENTS: "K" LINE (SINGAPORE) PTI LTO (CI NO: **********0M/6ST REG NO: M 2 *****99-6) w TEL: *****77 TELEX. KAWAKI R*****5 FAX: *****16/7/8/9 I MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD I W*J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T.
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      231 38 conanemai nacmc Shipping rj TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PK LOADING FOR WORLD ARGUS SID SID SID FLU/ROT/ANT/UK/ BELFAST FLAG TOM 2S/6 2/7 FLU/ROT/ANT/UK MARIA K 7/7 11/7 14/7 FIU/ROT/ANT/UK Loads Sab ah/Indonesia C R NO. **********0H CONTIPAC SHIPPING PTE LTD T«l: *****32 Fax: *****49 P.K. MULTIPORT SDN
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      265 38 irrr, foong sum V SHIPPING (PTE) LTD. WHOLESALE CENTRE. BLOCK 1, #0310 SINGAPORE 0511 BOOKING/ENQUIRIES CR NO 10MM*****W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FBSHIP ffssa m eu no oktktwh SUN RAY 7/94 27/6 29/6 PIAJU/PALEMBANG GULF KHAID 9/94 4/7 6/7 PONUANAK/SfffETE GULF DAOUD 9/94 4/7 C/ 7
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      794 38 ©APPENSHIP /g\: HAMBURG VTV CONVENTIONAL A INDEPENDENT LINER SERVICE V-X EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING TORTS DISCHARGE LOADING FOR ECUADOR HAM 22/ OS SPORE 26/06 > BASMA ANTW 28/05 SPORE 26/06 t KOALA CONTAINER LINF H f SPORE FIX HAM RTM LEH CS TAHITI 4608
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      426 38 GOLDEN LINE P\ GUAN GUAN SHIPPING \TSsXV (PTE) LTD I I 1 23. TiM tf« Stmt 9NGVOK 0104 m *****41 (10 1MB) fai *****04 <« it*, loiasiinw) Inum/WMIAM CULF IMTICI I S'pore P. Kelang Pening GOIKN HAD VIST Karachi Dubai Kuwait 0/ 9My GOLDEN SIM Karachi Dubai Kuwait 20/22 My
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      935 39 PACIFIC INTERNATIONAL LINES (PTE) LTD J 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I CR NO: **********0E VESSEL VOY SIN BKK SIN VESSEL VOV SIN JKT SIN KOTASABAS *****7 »7« M/ 6 377 JOTA EAGLE!(UTC2) EGLOO7 26/6 30/6 3/7 SRIMANEE (THAI FLAG) SO MOOS 2S/6 1/7 5/7 J^ 013
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      1026 39 VfSSIIS YOY Sm T it HAVKt HAMBtWG I IKAMIS RO lit ROAM ANTWERP WILE OC TITANA To 4* 24/ M 14/07 14/07 >7/07 U/07 20/01 WILE DC TUCAMA UO4W 10/06 20/07 22/07 *3/07 24/07 26/07 WILE DE I BRA 104* OVO7 27/07 21/07 30/07 H/0> 02/0* VALE OE CARINA CO4W
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      Page 39 Advertisements Column 3
      847 39 BSA 4 MYANMA FIVE STAR LINE (Myanmar National Line) Loading foe Yangon (Rangoon) Spore P.KIf Pen P.Gdf HP* AN V2O3YY 23/25 lun AVA 128W 23/27 lun 28/29 lun 30/2 M 22/24 lun MfRGU) VI24W 6/7 Jul SAGAING V3SW 10/12 M 13/15 lul 16/20 Jul MALAYSIA AGENTS BOUSTEAO SMPHNG AGENCES KUL
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      2001 42 EUROPE EXPRESS FELIXSTOWE 17 MYS Singapore's General Agents: COSTAR SHIPPING PTE LTD C MW, 2 ™**°o Sales/Booking: Agency Dept: Operation Container: *****15 6Shenton Way *17-08 ?K»in rniifp Container: *****41/844 Container Svc B/L: *****02 Conventional: *****46 SSJSSS« c^™%,tBBmm ir^L" 05 50 HJtEHh. i*rst.2 Knt Singapore uiuo ycjf ccst/ Fa*: *****08 Breakbulk
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      Page 42 Advertisements Column 2
      361 42 I VESSEL VOY lAKMTA SPORE BANGKOK MA Ml A GUAM SAPAN KYOWA ROSE 94 U 4 JUL I JUL 15 Ml 31 AUG 2 OCEANIA EXPRESS 97 JUL 22 AH 26 AUG 2 AUG 16 AUG IS (REEFER CONTAINER AVAILABLE) I VESSEL VOY ETA SPORE GUAM (T/S) MOTHER VESSEL GUAM
      361 words
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      784 42 /fniCROATIA LINE"\ (EX JUGOLINIJA) I ttSSCL SPOM PK PNG LOADING FOB MB 2 JUL ~4 JUL Alexandria. Beirut. Istanbul. Trieste. Koper, lattalua. Limassol. Mersin P Said Ityeka Venice GROBNIK 10 AJI 13 JUL do General Agents: EAST MOUNT AGENCY (PTE) LTD Singapore Kuala Lumpur Port KHartj Penanj SPORE 'A' VESSEL
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      174 42 4norbuli^\ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES WORLD AGAMEMNON 27/6 29/6 RDM/ANT/UK I SEA SONNET 5/7 9/7 FLU/ROAM/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 21/7 24/7 OBN/CPT/EL I ALSO LOADS TAWAU. KK. TG. MANI I PK SWK/SABAH LOADING FOR NORBULK
      174 words
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      701 43 (it FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 26/6 ROTTERDAM 25/6 AARHUS/COPENHAGEN 26/6 HAMBURG/BREMEN 26/6 MARSEILLE/FRANCE 28/6 FELIXSTOWE/UK 26/6 BARCELONA/SPAIN 27/6 LEHAVRE/FRANCE 29/6 GENOA/ITALY 27/6 ANTWERP/BELGIUM 27/6 LOS ANGELES/WC/IPI 26/6 SYDNEY/MELBOURNE 27/6 NEW YORK/EC 26/6 FREMANTLE/ADELAIDE 36/6 VANCOUVER 01/7
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      1232 43 I SIN ——Iti g EmSLiHH I ISRA BHUM -liT- Fri I fc W Tin ]~26/6~ IKa Z\ S^tM I VOY I MM PKK BHATRA BHUM 353 Ui 2S/6 Tw it/% 5J- H 168 M ~S«t 28/6 ~Tw 26/6 WAHA BHUM 2348 Tu. 26/« &.I 2/7 I -jg -g- H 24*
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      Page 43 Advertisements Column 3
      548 43 Cuerant—d Sailings to:BANGKOK/LAEM CHABANG/LAOS EVERY~WED i SAT MAMLA/CEBU EVERY TUES PORT KELANG/PENANG EVERY MON FRI HO CHI HNH EVERY FRI HONG KONG EVERY FRI JAKARTA EVERY SAT BUS AW EVERY SUN SURABAYA EVERY SUN pl DONGNAMA LINE CiWfiMHBIMD MftttCt STft/tfTS/M WfftfituT" K II K K l» msdas mm m/c wt
      548 words
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      1718 44 pkJJIMN CONTAINER LINES, INC MAC-NSLB BPORE: *****22 (24 LINEB) V-Jv/ J c/B No< ttoomooooc SIBU (084) *****9 KUCHINQ (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKKI GENOft/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
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      Page 44 Advertisements Column 2
      190 44 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD (i* ii« ti« STOW TO*I MIMK KNANG am moi j0,6 loading toi *Uk> *UVU HUOKJ 30 6 loading lot Dubai doiphn m tori Loading For Mate POM* sum Ml 24/ 6 loading Tor M* UMCEOH 28 6 Loading F<w Mate mooifss
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      Page 44 Advertisements Column 3
      1113 44 f XL THONG SOON LINES PTE LTD I I 78 SHENTON WAY #10-01, SINGAPORE 0207 .V I \y Ta: 227-5088 FAX: 227-6011 I .Jt T LX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL YOY S PORE PEST EQUATOR ROYAL 107/4E
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      Page 45 Advertisements Column 1
      639 45 iWgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ttCPTM IREAMUU/SOC CARGOES TO/FROM KOK. YOKOHAMA. NAGOYA. &l TOKYO*. MANLA* OAYAO*, Penanf* P. Ketari Sqipoci EDsa* JVTEVERETT V9E 27/28 Jur 29/30 Jun KAMAIEVERETT V2IE 30 Jun/01 Jul 02/03 Jul 9NAPIAEVERETT V2IE IS/19 Jul 20/21 Jul AC CO" TUG BREAK BU.K/FCI/SOC CARGOES TO/FROM CMTTA6ONG.
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      Page 45 Advertisements Column 2
      255 45 (fe GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 24/6 1/7 7/7 16/7 GLORY SELATAN V 6/7 13/8 19/8 28/8 SP PKL HCM HK KAO GLORY SELATAN VI 17/7 21/7
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      Page 45 Advertisements Column 3
      579 45 Jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK ft CONTAINER SERVICE vessel vor s w ~*"xm«cn MAKRAN 149 HW 11/07 21/07 HYDERABAD 131 HW 11/07 2t/07 SAHGOOHA 145-HW 02/0* 10/01 tSIAAWBAD 124 HW 10/01 19/06 FAR EAST CONTAINER SERVICE ONLY "To 7" SX mG BSN OS* HAG YOK SAR6OOHA 144 0W
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      Page 45 Advertisements Column 4
      686 45 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS JIAN HE/84 26/06 09/07 10/07 12/07 30/07 HUIHE/106 11/07 25/07 2S/07 28/07 15/08 VI HE/100 26/07 09/08 10/08 12/08 30/08 SHUN HE/1 OS 11/ OS 25/08 26/08 28/ OS IS/OS TAO HE/87 26/08 09/09
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      Page 45 Advertisements Column 5
      262 45 Si FAR EAST 28/06 KEELUNG/KAOHSIUNG 26/06 BANGKOK 26/06 MANILA/CEBU 26/06 JAKARTA/BELAWAN/SURABAYA 26/06 PORT KELANG/PENANG/E. MALAYSIA 26/06 BUSAN 26/06 TOKYO/YOKO/KOBE/NGO/OSA 26/06 HONG KONG SIN CHINA (+B#±*fen) 26/06 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 28/06 LDN/FLX/LVP/SOU 28/06 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romama/Poland/Bulgaria/Czech. SIN USA/CANADA 26/06 LOS
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      Page 46 Advertisements Column 1
      749 46 PHI LI-ORIENT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H^ "a' 3 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 27 JUN SYDNEY, MELBOURNE, BRISBANE, FREMANTLE 4
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      Page 46 Advertisements Column 2
      319 46 y Con term CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 4 JULY (Acctptlng lo all Maw Zealand porta) PENANG 01 JULY JAKARTA 26 JUNE PORT KLANG 30 JUNE MANILA 26 JUNE MELBOURNE 27 JUNE SYDNEY 27 JUNE BRISBANE 27 JUNE FREMANTLE 30 JUNE I^^GOTHSiburg^^^OSTUL^^^^l 'ACCEPTING TO ALL SCANDINAVIA PORTS BOMBAY 1
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      Page 46 Advertisements Column 3
      394 46 Next Week's Sailings Singapore To: KTD Toi KTD ""Si??)?abkd"? Singapore Singapore 9002 BV LRQA KVKRY KVKRY Bangkok SI N Jakarta SLN CDj KVKRY KVKRY .Manila SLN Ho Chi Minh KRI |7 jpj c|| V KVKRY KVKRY LsU Colombo TIIK l.imassol IHUR WTERNATIONAL SEA FREIGHT FORNAftDMG Tel: Fax: jam*. AND LOGISTICS
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      Page 46 Advertisements Column 4
      22 46 Calling: FAR EAST, INDIA, AUSTRALIA, NEW ZEALAND, EUROPE, MIDDLE EAST, U.SjL or CMT Liner Egress Agencies Pte Ltd Hot Line t 22-007-22
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      Page 47 Advertisements Column 1
      1586 47 ISEAMAORGENTIN^IN^^^n CONTAINERISED "HUB" SERVICE I DIRECT TO ARGENTINA/BRAZIL A URUGUAY V EASTBOUND BASE PORTS VIA BUENOS AIRES VIA SANTOS VISUM VOY S'PORS U SHU AM BUI SNT M'VIOfO ASUNCION RIO PARANAQUA ALEXANDER SCHUITE IE Sailed 27/07 31/07 04/08 01/08 03/08 07/08 08/08 TBN IE 2S/07 28/08 01/09 05/09 03/09 04/09
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      Page 47 Advertisements Column 2
      463 47 CEYLON SHIPPING CORPN Rag?) National Line of Sri Lanka CONT.XIMRIStD SERVICt TO UK AND NORTH CONTINENTAL PORTS Wtttt I WT I w I HO I U> I IWM I wa I MM I Ml" wiit w tn»w nm 2im n/i; ivd u/07 17/0? n/t? Witt M TUCMM UMW W/07 »/t7
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      Page 47 Advertisements Column 3
      496 47 LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE NQ.4O I VESSEL PETROOVORETS PRIOZERSK DEKABRIST N. KRUPSKAVA PRtMORSK PAVLOCRAD POETS »U EBI2 EBI3 EBI4 EBIS EBI6 BUENOS AIRES* Sailed Sailed Sailed 25-27/06~ 04 12/07 20-28/07 MONTEVIDEO Sailed Sailed Sailed 28/06 28/07 RIO ORAM DO Si) Sailed Sailed In Port 14 15/07 31/07-01/08 PWBAN Sailed
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      Page 48 Advertisements Column 1
      484 48 mm VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC *****N 24/06 (FRI) 29/06 (WED) LANKA MAHAPOtA *****N 28/06 (TUE) 02/07 (SAT) TWO SAILINGS WEEKLY PERVOMAYSK *****N 01/07 (FRI) 06/07 (WED) FRIOAY ANO MSOAV VIGOUR PACIFIC *****N 05*0/ (TUE) 09 07 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE GENERAL SANTOS DAVAO
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  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      305 48 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 3.1 2.7 2.1 1.4 0.9 OS C.3 0.3 OS 1.1 I.S 2.3 2.S 2.S 2.3 1.9 1.4 1.0 0.9 1.0
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      Page 49 Advertisements Column 1
      824 49 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PNA« PKE* PCD* VESSELS VPSJW RTM AWT* liH* HAM I BREI PEL 22/06 24/06 25/06 H. FRONTtR 311W 27/06 15/07 17/07 11/07 17/07 17/07 19/07 29/06 01/07 02/07 SI FREEDOM 311W 04/07 23/07 25/07 26/07 25/07 25/07 27/07 06/07
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      Page 49 Advertisements Column 2
      454 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL *OT V n KUC KK MM MT ASIAN STM ISS 27/t (BM 1/7) ASIAN QUEEN 4 30/6 2/7 SEKI KOCH W 14/7 2/7 IANJUNG EMAS 12 3/7 1/7 (PNG 7/7) 12/7 SKI NAGOYA 92 9/7 11/7 (CTT« 14/71 KEISHUN 30
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      Page 49 Advertisements Column 3
      981 49 JEDDAH/UK/CONTNENT I STORE CD S TON WBURfi I DAM lEH *Mm Acccpti* Cjrt* F« ESSEN EXPRESS M/ 324 25/6 4/7 13/7 16/7 11/7 20/7 I, j| UK d«twto. Bdtnt rt Out* USEM 36/125 2)/6 16/7 19/7 21/7 Mtltrtan :to il Antwerp Aimlertfjm. Od* Hchrtu HOECHST EXPRESS 15/325 2/7 U/7 20/7
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      Page 50 Advertisements Column 1
      47 50 INVESTMENT 1 Tomorrow in Business Times FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE JEDDAH PORT CONDITION ADDITIONAL The Member Lines have agreed that the Port Condition Additional for Jeddah will be withdrawn with effect from Friday, 24 June 1994. H.Wyma 24 June, 1994 Conference Representative
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      Page 50 Advertisements Column 2
      60 50 I INVESTMENT I Tomorrow in Business Times FAR EASTERN FREIGHT CONFERENCE INCREASE IN SINGAPORE THC As a result of increased cargo handling costs, the new levels of Terminal Handling Charge (THC) at Ssl62/230 per 20ft/40ft will be implemented for both Westbound and Eastbound cargo from/to Singapore with effect from Ist
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