The Business Times, 29 June 1994

Microfilm: NL19383
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES WE KNOW ASIA MITA(P) 010/12/93 Wednesday June 29 1994 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon British MPs rebuked
      49 1 AFP LONDON A powerful parliamentary committee yesterday rebuked 11 Members of Parliament over their "failure" to declare their interests in record loss-making insurers Lloyd's of London. The House of Commons committee said the MPs' failure to comply with the Commons' rules "sets a bad precedent". AFP
      AFP  -  49 words
    • Article
      Lock icon Hear ye, hear ye
      40 1 Reuter WASHINGTON The House of Representatives has voted to provide US$lO million to help establish a new Radio Free Asia that will broadcast news and commentary to China, Myanmar, Cambodia, Laos, North Korea and Vietnam. Reuter
      Reuter  -  40 words
  • Article
    MARKET SUMMARY
    161 1 Slock market indices Tuesday Change STll 2,227.60 +18.89 KLSEComp 1,006.92 +3.40 Nikkei 20,639.23 +338.27 Hang Seng 8,673.49 +26.01 SET Index 1,252.93 -1.88 Jakarta Comp 462.41 -1.97 CLSA China B ....1,025.23 -15.00 Aust All Ord 1,974.4 +17.0 FTSE 100 2,909.0 9.1 Tuesday Previous 2pm close Dow Jones 3,645.04 3,685.50
    161 words
  • Article
    SIA and Tata tie up to operate domestic airline in India
    542 1  -  By Dexter Lee SINGAPORE Singapore Airlines (SIA) is making further inroads into the Indian sub-continent, with plans to operate a domestic airline in India and an in-flight kitchen in Pakistan. The carrier said yesterday that it was tying up
    542 words
  • Article
    HK regulators slap ban on two Stanchart units for breaches
    388 1  -  By Catherine Ong SINGAPORE In one of the most serious sanctions of a major bank, Hongkong regulators yesterday banned two units of Standard Chartered Bank from being involved in most new issues for nine months for extensive breaches of securities
    388 words
  • Article, Illustration
    Tan Koon Swan clears major hurdle against bankruptcy
    505 1  -  By Conrad Raj SINGAPORE The former head of the Malaysian Chinese Association, Tan Koon Swan, has cleared a major hurdle in getting himself discharged as a bankrupt. American Express Bank, which had made him a bankrupt, told BT recently that it had
    505 words
  • Article
    Lock icon Dollar falls through 100 yen in US
    605 1 Greenback stays on even keel in Asian trading Reuter Bloomberg Business News NEW YORK The dollar fell through 100 yen at US midday yesterday, knocked lower after two US economic reports slammed the US Treasury market. The Conference Board reported US consumer confidence
    Reuter; Bloomberg Business News  -  605 words
  • Article
    Lock icon Dow down 40.46 points
    144 1 AFP Reuter NEW YORK Blue-chip stocks fell yesterday following a sharp climb in long-term interest rates triggered by the publication of better-than-expected US economic figures. At Ipm EDT, the Dow Jones Industrial Average was down nearly 24 points, surrendering about half of Monday's sharp 48-point gain.
    AFP; Reuter  -  144 words
  • Article, Illustration
    Lock icon Regional bourses stabilise after Monday's buffeting
    231 1 SINGAPORE Regional stock markets stabilised yesterday after a 48-point rise overnight in the Dow Jones Industrials Average. Markets around the region were badly hit on Monday after investors watched the US dollar plunge. Another dampcner was a 62-point plunge in the Dow last Friday.
    Source: Bridge Info  -  231 words
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      260 1 D I BRUNO MAGM Centrepoint #01-30 Tel: 737 4509 Paragon By Sogo #01-19 Tel: 734 9935 CONTENTS S>*eNews 2 fportSrso*l7,lB,l9 Regional News 3,4.5 Financial 21,22 World News 6.7 Features Martots Analysis 15 CJok/KISE. SES 26-28 Edrtord 14 Regional 24 Sports 9 World 25 IV/litestyte 13 Currencies 22 Reg Analyse 10,11
      260 words
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      8 1 Regional Analysis: Pg 10 Asia's regions without borders
      8 words
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      28 1 Hock Lock Siew: p g n f£( 2 Indon textile firm with a diffimnce Singapore is on track to achieve productivity target Pages 2, 15 See Page 21
      28 words
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      114 1 Line: Pg 16 TimeJSiet over the dollar k I Jfl JkPWir^ tASI r 4 "Si Now You Can Afford A High Quauty Fax On Your Desk. The Canon Bubble Jet Fax B2OOS is a fax. And with Auto Fax/Tel switchover, plain paper fax at a fraction of the price of
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      12 1 MELW/ANI IHI Ml S I ASIIIOS MORI Regional market reports, Pages 24-28
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      18 1 Bottom Lime: Time to look beyond the dollar, Page 16 US consumer confidence hits fonr-year high, Page 16
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon M2 on the rise
        312 2  -  By Paul Leo MONEY SUPPLY M 2 grew 9.4 per cent in April the strongest growth in 17 months. M 2 comprises currency in circulation and demand deposits (which together make up Ml) and what is known as quasi-money. The latter comprises fixed deposits, Sing dollar
        Source: MAS  -  312 words
    • Article
      Productivity growth on target to keep five-year average at 4pc
      504 2  -  By Anna Teo PRODUCTIVITY growth must hit 4.8 per cent this year to keep the five-year moving average at 4 per cent. And growth trends, combined with Singapore's strong economic fundamentals, suggest the target is achievable, says the National Productivity
      504 words
    • Article, Illustration
      Internal leak highly unlikely, says bank official
      622 2  -  The OCBC vs Norman Wright case By Ven Sreenivasan IT WAS highly unlikely that Business Times correspondent Alvin Tay received his information on OCBC's plans to recruit four senior bankers from anyone within the bank itself, an OCBC official said yesterday. OCBC's senior
      622 words
    • Article
      Amcol to offer 30pc of Tanjong Rhu condos to the public
      316 2 AMCOL Holdings will offer about 220 units at its upcoming 735-unit condominium development at Tanjong Rhu to the public. Company officials said at the ground-breaking ceremony yesterday that the rest of the project will be sold by ballot to
      316 words
    • Article
      International Chamber of Commerce to open first Asian office in Singapore
      412 2  -  By Juliette Walker THE Paris-based International Chamber of Commerce (ICC) has decided to set up its first Asian office in Singapore, says Graham Hayward, the outgoing honorary secre-tary-general of the Singapore Federation of Chambers of Commerce Industry (SFCCI). The
      412 words
    • Article
      National Semiconductor to invest $110 m over 5 years
      200 2 NATIONAL Semiconductor of California is investing Si 10 million over the next five years to expand its Toa Payoh plant with the addition of a new building, taking total investment here to $380 million. The new four-storey building will add 143,000
      200 words
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      295 2 Horse Racing Results A quick look at the horses! Results available one hour after the last race! Cost: 50 cents per minute only. LOOK WHAT YOU CAN PICK UP FOR $100 AT CLARKE QUAY THESE DAYS. i Spend $100 on a single Do 60 km/h in your bathtub receipt* at
      295 words
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      30 2 More reports on Pg 15 Valuable CBD Location -I under new 5" instructions 'H*v FRCM THE OWNER I H I I,IRNIIINII# jr£L. mmn FOR SALE I J! I J lw
      30 words
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  • SOUTH-EAST ASIA
    • Article
      Role for S'pore as bridge between Australia, Indonesia
      475 3  -  From Florence Chong in SYDNEY SINGAPORE could play a significant role as a bridge between Australia and Indonesia, according to an Australian government report to be released today. The report said serious consideration should be given to cooperation, particularly with Singapore, given
      475 words
    • Article, Illustration
      Lock icon M'sia on track for Vision 2020, says Rafidah
      398 3 Bernama Reuter KUALA LUMPUR Malaysia, which has averaged uninterrupted economic growth of 8 per cent for the past seven years boosted by a robust manufacturing sector, is on track to achieving industrialised nation status by the year 2020. International Trade and Industry
      Bernama; Reuter  -  398 words
    • Article, Illustration
      Lock icon Banned publications put stability at risk, says Suharto
      469 3 The Straits Times JAKARTA President Suharto, in his first remarks on last week's press ban, said the three affected publications had put national unity and stability at risk at a time when the country needed to focus on development and growth. He
      The Straits Times  -  469 words
    • NOTEBOOK
      • Article
        Lock icon M'sian inflation up 4.2 pc
        91 3 AFP KUALA LUMPUR Malaysia's inflation rate, measured by the consumer price index (CPI), grew by an annual rate of 4.2 per cent in the first five months of this year over the same period last year, the Statistics Department said yesterday. The growth was due
        AFP  -  91 words
      • Article
        Lock icon Manila seeks a budget of 384.7b pesos
        69 3 AFP MANILA The Philippine government is seeking a budget of 384.7 billion pesos (5521.5 billion) for 1995, the Budget Department said yesterday. The budget, which is higher than the 362 billion peso budget for calendar 1994, is estimated to result in a combined
        AFP  -  69 words
      • Article
        Lock icon More exemptions from Manila VAT
        50 3 AFP MANILA President Fidel Ramos yesterday agreed to exempt more sectors from the expanded value-added tax (VAT) passed last month in an apparent attempt to ease opposition against the new levy. Sectors exempted from VAT now also include textbooks, religious articles and small cooperatives. AFP
        AFP  -  50 words
      • Article
        Lock icon Row over Cambodian logging deal
        79 3 Reuter PHNOM PENH A political storm erupted in Cambodia yesterday over a logging deal signed by the country's two prime ministers. The agreement, signed earlier this month, transfers the responsibility for overseeing lucrative logging deals with Thailand from the Finance Ministry to the Defence Ministry.
        Reuter  -  79 words
    • Article
      Lock icon KL govt denies favouritism in awarding contracts
      206 3 AFP KUALA LUMPUR The Malaysian government yesterday dismissed charges that it practised favouritism in handing out contracts, saying any able group with good ideas and a good track record could win business from the state. "No group could pull strings with the government
      AFP  -  206 words
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      41 3 Cornerstone of Aussie-Indon ties, Pg 8 A Bent ley u the worlds modt luxurious performance car. From $680,000, it u aho the modt exclusive. it tjMalayan Motors the worlds finest sporting car 46 Lang Km Rood. Singapore 0315 Tel 473 7756
      41 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China's new evidence for Gatt entry
        77 4 Reuter GENEVA China, bidding to be a founder member of the World Trade Organisation, has submitted new evidence in support of its drive for admission to the existing world trade body. Trade officials said here yesterday that two papers on Beijing's foreign trade policies
        Reuter  -  77 words
      • Article
        Lock icon BOC loan for satellite launches
        81 4 AFP BEIJING China's foreign trade and exchange bank, the Bank of China (BOC), has agreed to extend a record sum in export credit to finance foreign satellite launches here, the China Daily reported yesterday. The 900 million yuan (*****.6 million) loan to China Great Wall
        AFP  -  81 words
      • Article
        Lock icon HK economy seen growing faster
        80 4 Reuter HONGKONG The territory's economy is expected to grow faster in the second half of 1994 because of improving exports markets, according to a Bank of China report. Hongkong is expected to achieve 5.5 per cent economic growth despite slower growth in exports to China
        Reuter  -  80 words
      • Article
        Lock icon Choice of N-reactor supplier postponed
        87 4 Reuter TAIPEI The state-owned Taiwan Power Co (Taipower) has postponed a decision on the supplier of two reactors and related equipment for the island's fourth nuclear power plant. Taipower was scheduled to announce its decision on July 1. The decision will be postponed by several
        Reuter  -  87 words
      • Article
        Lock icon Punishing China's copyright violators
        76 4 AFP BEIJING China is to increase the maximum penalty contained in a draft law on copyright violations from five years to seven years imprisonment, a senior legislator said yesterday. The move came just two days before the June 30 deadline set by the United States for
        AFP  -  76 words
      • Article
        Lock icon No to luxury cars for provincial chiefs
        64 4 Reuter BEIJING The east Chinese province of Zhejiang has banned its top officials from driving luxury imported cars. The Zhejiang Daily, seen in Beijing yesterday, said an order issued by the disciplinary committee of the province's Communist Party had instructed top government and
        Reuter  -  64 words
    • Article
      Lock icon Breakthrough in HK naval sites talks: report
      305 4 Reuter HONGKONG Britain and China have made a breakthrough in a seven-year dispute over the future of military sites in Hongkong, the colony's government radio station reported yesterday. RTHK quoted sources close to the negotiations as saying differences over a naval base, which
      Reuter  -  305 words
    • Article
      Lock icon Final vote on Patten's reforms looks like a cliffhanger
      320 4 AP HONGKONG Governor Chris Patten's political reform Bill, which has kindled a prolonged dispute with China and threatened Hongkong with a bumpy transition to Chinese rule in 1997, yesterday headed into its final act looking like a diffhanger. The marathon debate
      AP  -  320 words
    • Article, Illustration
      Lock icon Li Peng says economy very good despite worrisome inflation forecast
      384 4 Bloomberg Business News UPI BEIJING China's Premier Li Peng said government curbs on construction are enough to cool the economy, despite a forecast that a new bout of inflation could be sparked by rising wages. The controls are considered effective,
      Bloomberg Business News; UPI; Reuter  -  384 words
    • Article
      S'pore-China trade up 16pc to $2.2b in first four months
      315 4  -  By Teh Hooi Ling SINGAPORE Trade between Singapore and China rose 16 per cent to $2.2 billion in the first four months of this year, a Trade Development Board official %pd yesterday. Goh Oon Tcmg, the boards director of iMMHfilMrafcfck
      315 words
    • Article
      Lock icon Chinese foreign minister prepares ground for Sino-Russian summit
      370 4 AFP MOSCOW Chinese Foreign Minister Qian Qichen yesterday met top Russian officials to lay the groundwork for a summit later this year expected to focus on boosting trade and economic relations. Mr Qian met his Russian counteipart, Andrei Kozyrev, and said at
      AFP  -  370 words
    • Article
      Lock icon Beijing bans non-state firms from grain trade
      264 4 Knight-Ridder HONGKONG China's State Council has issued a directive banning all but selected state-run firms from trading in grain and edible oils. The official Xinhua news agency yesterday said the sixpoint document outlined a scries of steps designed to bring grain trading and
      Knight-Ridder  -  264 words
    • Article
      Lock icon China orders foreign ventures to set up official trade unions
      193 4 Reuter BEIJING China has ordered foreign-funded joint ventures to set up official trade unions by the end of the year, blaming a lack of labour organisation for a spate of deadly workplace accidents. Zhang Dinghua. vice-chair-man of the state-controlled AllChina
      Reuter  -  193 words
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      92 4 ■■miH IglSHßffet, 1-9 July 1994 A rare opportunity to sample two of the most acclaimed varieties of Indian cuisine prepared by Master Chefs specially flown in from India. Dally Buffet Lunch $28.00++ BufTet Dinner on Friday and Saturday $35.00++ A la carte dinner menu available from Sunday to Thursday Indian
      92 words
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      92 4 An Eye for the Finer Points in Writing The uni-ball micro ÜBISO has been transformed into a fine writing accessory. The stainless steel precision tip and controlled ink flow system ensures smooth writing performance. Its unique see-through ink reservoir %——mm^JggJESSESSSBBI^^^D shows ink balance right down to the last drop. Available
      92 words
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      4 4 #1 OFFSHORE COMPANY SPECIALISTS
      4 words
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  • REST OF ASIA
    • Article
      Lock icon Falling prices, lower interest rates boost Tokyo condo sales
      464 5 Reuter TOKYO The market for new condominiums is booming in Tokyo, with plenty of buyers even for apartments priced at more than 100 million yen (S$ 1.5 million). While Tokyo's land prices remain among the highest in the world, young couples
      Reuter  -  464 words
    • Article
      Lock icon Two Koreas to hold historic summit in July
      147 5 AFP PANMUNJOM North and South Korea yesterday agreed to hold an historic three-day summit in the North Korean capital of Pyongyang from July 25-27. South Korea agreed with the North that a decision on a fol-low-up summit in Seoul would be made
      AFP  -  147 words
    • Article
      Lock icon India may set up JV banks in Russia to ease US$10b debt
      383 5 Reuter NEW DELHI India, seeking to boost trade to case a multi-billion-dollar debt to the former Soviet Union, has proposed joint venture banks in Russia, senior Indian officials said yesterday. They said this was one of a series
      Reuter  -  383 words
    • Article
      India to tap Singapore's expertise in developing infrastructure
      346 5  -  By Vikram Khanna SINGAPORE India aims to tap Singapore's expertise to develop its infrastructure, says the the president of the Confederation of Indian Industry. Subodh Bhargava, in Singapore with a delegation of CII members, told reporters yesterday the delegates had an "excellent"
      346 words
    • ASIA NOTES
      • Article, Illustration
        Lock icon 7 die in Japan from gas fumes
        68 5 Reuter MATSUMOTO, Japan Rescue workers donning gas masks for a search operation following the death of seven people from gas fumes in a residential district in Matsumoto, Nagano Prefecture yesterday. Forty-eight others were treated in hospital, suffering from nausea, impaired breathing and headaches.
        Reuter  -  68 words
      • Article
        Lock icon Australia eyes UN Security Council
        93 5 AFP CANBERRA Australia is to seek election to the United Nations Security Council at the 51st UN General Assembly in 1996, according to Foreign Minister Gareth Evans. Australia last served on the council, the main UN body responsible for peace and security issues, in 1985-86.
        AFP  -  93 words
      • Article
        Lock icon Migrants Australia's healthiest: report
        71 5 Reuter CANBERRA Migrants are the healthiest people in Australia and Aborigines the sickest, according to an Australian government report released yesterday. Overall, Australia is one of the healthiest nations in the world, said Health Minister Carmen Lawrence. "We are living longer and suffering less illness than
        Reuter  -  71 words
      • Article
        Lock icon Pakistan passes budget
        81 5 AFP ISLAMABAD Pakistan's parliament passed a controversial budget on Monday amid a nationwide strike by the business community against the government's tax measures. Opposition deputies led by former premier Nawaz Sharif boycotted the adoption of the finance bill to show their support for the trade and business
        AFP  -  81 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      164 5 "Compax 1Q50", with the classic lQ5Os case design in 18K solid yellow or rose Gold is a limited edition model. Also available in a tachometer version. A classic of all time. The Chronograph "Compax 1950" from Universal Geneve faithfully reproduced in the original design of the *****. High precision manual
      164 words
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  • THE WORLD
    • Article
      Belgian businessman is favourite choice for EU president
      424 6 BRUSSELS Belgian businessman Etienne Davignon emerged here on Monday as a front-runner to become president of the European Commission following Britain's veto of Belgian premier Jean-Luc Dehaene. Several politicians, political analysts and businessmen questioned by AFP all named Mr Davignon as the
      424 words
    • Article
      Lock icon Labour likely to keep late party leader's seat in Scotland: poll
      228 6 Reuter IDINBURGH Britain's opjsition Labour party looks set i keep their late leader John nith's seat in a by-election morrow despite a surge in ipport for Scottish nationalts, a poll released yesterday lowed. It gave Labour 50 per cent
      Reuter  -  228 words
    • Article, Illustration
      Lock icon Protesting against French intervention
      51 6 AFP KIGALI, Rwanda Thousands of Rwandan protesters marching against French intervention in Rwanda on the road linking the capital Kigali to the western town of Kayonza on Monday. About 1,200 French troops, participating in the humanitarian operation Turquoise, were deployed on the Zairean-Rwandan border on Monday.
      AFP  -  51 words
    • Article
      Lock icon US calls for an end to Brazil's telecommunications monopoly
      221 6 Reuter SAO PAULO US Commerce Secretary Ron Brown called for an end to Brazil's telecommunications monopoly on Monday, saying government intervention was suffocating investment and competition in the industry. "It is a monopoly that needs to end," Mr Brown said at
      Reuter  -  221 words
    • Article
      Lock icon High rates, election jitters seen to be slowing Mexican economy
      165 6 Reuter NEW YORK A combination of high domestic interest rates and jitters from the upcoming presidential election is seen weighing on the Mexican economic growth in 1994, Mexican businessmen said on Monday. "Mexico's economic growth this year will be well
      Reuter  -  165 words
    • Article
      Lock icon IMF expects upheavals in financial markets to subside
      347 7 Reuter LIMITED NATIONS The managing director of the International Monetary Fund is optimistic about long-term market economic growth and expects current upheavals in financial markets to subside. Michael Camdessus told a news conference on Monday that "we should not overdramatise the crisis"
      Reuter  -  347 words
    • Article
      Lock icon US to restore oil spill tax to replenish dwindling clean-up fund
      327 7 Reuter NEW YORK Faced with dwindling clean-up funds after an oil spill last winter off the coast of Puerto Rico, the federal government will reinstate a 5-ccnt-per-barrel tax on oil, beginning on July 1. The tax, which applies to
      Reuter  -  327 words
    • WORLD WATCH
      • Article
        Lock icon Russian leader vows to keep Kuriles
        104 7 Reuter MOSCOW A Russian parliament leader yesterday said an island chain claimed by Japan should never be handed back, Itar-Tass news agency reported. "The Kuriles are our own, Russian islands," Ivan Rybkin, chairman of the State Duma (lower house), said. "We cannot afford to
        Reuter  -  104 words
      • Article, Illustration
        Lock icon Russia declares war on crime
        43 7 Reuter MOSCOW Members of Russian special forces firing their Kalashnikov weapons as they practise for the upcoming anticrime sweep in Moscow. President Boris Yeltsin has ordered his forces to crack down on the "criminal filth" in Russia. Reuter
        Reuter  -  43 words
      • Article
        Lock icon Poverty still rampant in Third World
        103 7 Reuter LONDON The World Bank and IMF have failed the developing world by not reducing poverty or promoting sustainable development, a report published yesterday says. As the Bretton Woods institutions prepare to celebrate their 50th anniversary, leading British environment and development groups, the World
        Reuter  -  103 words
      • Article
        Lock icon Kravchuk ahead in Ukraine polls
        62 7 Reuter KIEV President Leonid Kravchuk has finished ahead of chief rival, former prime minister Leonid Kuchma, in the first round of Ukraine's presidential election. He won 38 per cent of the vote to Mr Kuchma's 32 per cent, unofficial results showed yesterday. As neither candidate
        Reuter  -  62 words
      • Article
        Lock icon Bonn warned against banning UK beef
        99 7 Reuter LONDON Britain said any action by Germany to restrict beef imports over "mad cow" disease would be unjustified and should be stopped by the European Commission. "We believe this is scientifically unjustified," a British Agriculture Ministry spokes- man said ahead of an expected
        Reuter  -  99 words
      • Article
        Lock icon Venezuela imposes currency controls
        66 7 AFP CARACAS President Rafael Caldera announced on Monday that he was suspending constitutional guarantees to impose currency and price controls in an effort to stem the country s spiralling financial crisis. Mr Caldera, who took office on Feb 2, said in a radio broadcast that he
        AFP  -  66 words
    • Article
      Lock icon Britain raises growth forecast for 1994 to 2.75 pc
      412 7 Expansion predicted to continue next year as UK climbs out of recession Reuter LONDON Britain yesterday raised its growth forecast for 1994 to 2.75 per cent from 2.5 per cent and predicted the expansion would continue next year as the country
      Reuter  -  412 words
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      87 6 Editorial: Chaos in Corfu, Pg 14 jßj| THE LINK BETWEEN THE PAST AND THE FUTURE mF*' champions alike have relied on OMEGA P (tt Omega s highly sensitive timing r L :g i equipment The sign of excellence 5/* w >*1% e Ag cnt an£ l Service Centres: SILVAROYAL PTE
      87 words
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  • WORLD FOCUS
    • Article, Illustration
      Lock icon Integration with Asia the cornerstone of Aussie-Indon ties
      1283 8  -  By Peter Osborne SINGAPORE Australia's Prime Minister Paul Keating will open in Jakarta today his country's largest ever overseas trade exhibition and business forum, to boost economic ties between Australia and Indonesia. But the initiative also highlights Canberra's recognition of the strategic
      Reuter  -  1,283 words
  • Page 8 Advertisements
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      1082 8 Nationsßank Head Office: Charlotte, North Carolina *****, USA Singapore Branch: 5 Shenton Way, #11-01, UIC Building, Singapore 0106 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME (US Dollars in Millions) (US Dollars in Millions Except December 31 Per-Sbare information) 1993 1992 Year Ended December 31 Assets 1993 1992 Cash and cash
      1,082 words
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      Page 8 Advertisements Column 2
      43 8 1 BANQUE INDOSUEZ Wc 're upgrading our computer systems to serve you better... h Ju Thus, our banking hall will be closed July 1 2. All other departments will operate as normal. 6 Raffles Quay, Singapore 0104 Tel: 535 4988 Fax: 532 2422
      43 words
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  • SPORTS
    • Article
      Lock icon Navratilova storms back
      683 9 Wimbledon AP WIMBLEDON Martina Navratilova, pursuing a 10th title in her 22nd and final Wimbledon appearance, stormed back after losing the first set yesterday to beat Jana Novotna and reach the semi-finals. The fourth-seeded Navratilova ran off nine straight games after the first set en route to
      AP  -  683 words
    • Article
      Lock icon Germans scrape home for a berth
      677 9 World Cup Finals AP DALLAS Two more are through at the World Cup, although one the defending champion not very impressively. Germany secured its place in the second round by winning Group C. But it won the group with three lacklustre performances an unconvincing
      AP  -  677 words
    • Article, Illustration
      Lock icon Sad adieu to another cup for S Koreans
      535 9 AP DALLAS Two goals in the final six minutes against Spain. Two second-half goals and a late blitz that nearly tied world champion Germany. South Korea impressed many, but could not produce a victory at the World Cup. The agony of elimination
      AP; Reuter  -  535 words
    • Article
      Lock icon Americans don't quite love the wild-card status
      517 9  -  Their team's loss to Romania has made it a mathematical uncertainty, writes Steve Hummer Steve Hummer AP PASADENA, California As we look back on the soccer boom in the United States, we do so warmly. It was a time filled with the joy
      AP  -  517 words
    • Article, Illustration
      Lock icon All because of a foul tip
      54 9 Reuter MONTREAL Atlanta Braves pitcher Greg Maddux being beaned on the head by his owi foul tip while attempting to bunt himself onto base during !NL action here on Monday. Hi was out on the bunt attempt but was able to return to the
      Reuter  -  54 words
    • Article, Illustration
      Lock icon US officials probing PGA for unfair competition methods
      286 9 Golf AFP NEW YORK US Federal Trade Commission (FTC) investigators are looking into possible unfair competition methods used by the PGA Tour, a report published on Monday said. Brandwvek Magazine said the FTC was speaking with golfers, television network executives. PGA officials
      AFP  -  286 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon World Cup
        300 9 AFP AP LOS ANGELES Millions of Americans have jumped on the World Cup bandwagon, but even as the Alcxi Lalas wigs proliferate, many US sports fans arc proving immune to the football bug. "My feeling is that if they flew mc in on a helicopter that landed on
        AFP; AP  -  300 words
      • Article, Illustration
        Baseball
        65 9 NKW YORK Major league Monda> American: Boston I NY 5; Cleveland 6 Baltimore 7; Milwaukee 5 Toronto I; Minnesota I Kansas City 2; Oakland 10 California 2; Seattle 1 Detroit 11. National: Montreal 7 Atlanta 2; Philadelphia 5 Florida I; NY 8 St Louis 9; Chicago 2 Pittsburgh I;
        65 words
      • Article, Illustration
        Lock icon Basketball
        169 9 Reuter IX)S ANGELES Earvin "Magic" Johnson, the former star and temporary coach of the Los Angeles Lakers on Monday became a part owner of the team, the club announced. Just how much of the franchise Johnson bought was not disclosed, but the Los Angeles Times reported prior to Mondays
        Reuter  -  169 words
      • Article, Illustration
        Golf
        62 9 LONDON European circuit leading money-winners after Sunday's French Open (GB unless stated): I Jose Maria Olazabal (Spn) £275.832 2 Colin Montgomcrie 193.741 3 Ernie Els <SA) 188.230 4 Mark Roc 181.439 5 Nick Kaldo 180.730 6 Bernhard Langcr (Ger) 169.975 7 Scvcriano Ballesteros (Spn) 149.808 8 Miguel Angel Jimenez
        62 words
      • Article
        Tennis
        78 9 m IDNDON Wimbledon women's quarter-finals Tuesdays Lori McNeil (US) b Larisa Nciland (Lat) 60 6-4; Conchita Martinez (Spn x 3) b l.indsav Davenport (US x 9) 6-2 6-7 (4-7) 6-3; Martina Navratilova (US x 4) b Jana Novotna (Czc x 5) 5-7 6-0 6-1; Gigi Fernandez (US) b Zina
        78 words
      • Article, Illustration
        Lock icon Motor-racing
        198 9 Reuter LONDON Motor racing's worst kept secret was finally let out of the bag yesterday when it was confirmed that Nigel Manscll would race for the Williams team at the French Grand Prix this weekend. The news was officially released by Williams commercial director Richard West at a packed
        Reuter  -  198 words
      • Article, Illustration
        Hockey
        22 9 AMSIKLVEKN, Netherlands Se>en Nations I rophy Monday: Pakistan I Argentina 0; Australia 5 South Africa 2. Tuesday: Germany I Argentina I.
        22 words
      • Article, Illustration
        Lock icon Rugby
        20 9 Reuter WELLINGTON South Africa beat Wellington 36-26 in the third match of their 14-gamc New Zealand tour Tuesday Reuter
        Reuter  -  20 words
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  • Regional Analysis
    • Article, Illustration
      Potential to become new growth pole
      1155 10  -  Asia's borderless regions: the Northern Asean Growth Triangle Special to BT WEERAPANT MUSIGASARN WEERAPANT MUSIGASARN The writer is a departmental head at the Prince of Songkhla University in southern Thailand and an adviser to the Federation of Thai Industries in Songkhla. He was the
      1,155 words
    • Article, Illustration
      The Northern Asean Growth Triangle (IMT-GT)
      319 10 BjBCTTSSffM The province of North Sumatra and the Special Territory of Aceh have a combined population of 14 million with a total land area of 130,000 sq km. The largest city is Medan with a population of 1.8 million. Belawan has an international sea
      319 words
    • Article, Illustration
      A tale of two triangles
      1358 11  -  Asia's borderless regions: the Northern Asean Growth Triangle Special to BT Special to BT TOH MUN HENG TOH MUN HENG LINDA LOW LINDA LOW Dr Toh and Dr Low are senior lecturers in the Department of Business Policy, Faculty of Business Administration, National University of
      1,358 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      146 10 ft MBnMHHI m r Ml mm m-* i9r HMH f wf ffi/iyiyiffffi r f i n# f y MyfJf fnJTffl" |/^gjtt|BgSSßsSMfl^^^^^^^^^^^^^^^HluttflllftlliMWMltfW^HiliiAllAllAAl^^^^^^^^H No machine on earth can replace the artistry of the human hand. So every Risis l^l^Tl^T orchid is hand-Finished at every stage... from the time we choose a perfect
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      Page 10 Advertisements Column 2
      27 10 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad.
      27 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1077 12 Noll ling Beats A Bud. H where t dine and entertain INC. OK FRESH .PASTA DAI LY. From Pasta Fre sea. The only restaurant to make Its own specialty pasta. everyday. Savour perfect pizza, great gelati and terrific tiramlsu. All topped with Italian hospitality. Pasta fnsea Do Satvatora PH Ltd
      1,077 words
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      Page 12 Advertisements Column 2
      203 12 a§ If A "Sfdof£ round-tfie-cCoc^. home of our famous Mainanese Chicken Kju andpopular Coconut Ice Cream in a fresh coconut. Try them, andyou'tl(qtcrw coffee Shop xvhy they are the specialties of the house. mftoo* C ftnpy**' HI Orchard ftoad T* *****11 a 1! Coleman's Lounge KTV rooms* $25*" per hour
      203 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Now, a novel way to hit back at the lobbying industry
      1023 13  -  Thank You for Smoking lampoons Washington's hypocrisy and sacred institutions, writes Leslie Kaufman Leslie Kaufman IHT AS CHIEF spokesman for the tobacco industry, Nick Naylor enjoys his notoriety. Seated next to a Hollywood producer on a cross-country plane ride,
      IHT  -  1,023 words
    • Article, Illustration
      Lock icon Irons to co-star with Willis in Die Hard 3
      434 13 CHATTERBOX Reuter AP AP AP AP ACTOR Jeremy Irons will star opposite Bruce Willis in the upcoming film Die Hard 3. Twentieth Century Fox announced on Monday The British actor won an Oscar for his portrayal of Claus Von Bulow in
      Reuter; AP  -  434 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      92 13 j G.I. PIPES We are one of the largest manufacturers exporters of ERW (Welded) Galvanized/ Black Steel Tubes/ Pipes From India. Size range: 1 /2" to 8" as per British, American and other international standards. Please contact: M/S SRI SARBATI STEEL TUBES LIMITED EXPORT-IMPORT DEPARTMENT No 4, Stringer Street, 1
      92 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1305 13 TV RADIO 'God' for songs j V®^ vStik >01/ //i Heaven Vft y£l Maneaters of the Wild, 9pm, SBC From the Great White Nile Crocodile, man also W feared the mainly W A because they're the only I i^> mals that wouldn't think twice F about n v* v the
      1,305 words
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  • Article
    Chaos in Corfu
    507 14 EDITORIAL THE ROW among the member-states at last week's European Union summit was rather dim and unspectacular. The bad-tempered wrangling did not match the huge significance of the issue which caused all 12 EU leaders to leave Corfu fulminating. Britain once again played the role of spoiler
    507 words
  • WHAT THE OTHERS SAY
    • Article
      Perhaps a bitter cure is needed
      259 14 THE FORMATION of the national medical ethics committee is a welcome development. For laymen, it is comforting to know that there is now a body over and above the various medical regulatory overseers to ensure that doctors will be made to uphold the highest
      259 words
    • Article
      Oh, for a strong party in power
      158 14 IT IS RATHER IRONIC that after resigning from his job, Mr Tsutomo Hata may be the best choice to be the next Japanese prime minister. The scramble for leadership in Japanese politics is frustrating and frantic. For many Japanese voters, even with another
      158 words
    • Article
      Expecting too much, too soon?
      168 14 THE PRESENT industrial unrest in South Korea can be said to be the most testing for President Kim Young Sam since his appointment. When Kim became president, he turned his attention to the economy and froze wages and prices for a year. The freezing of
      168 words
    • Article
      A journey full of risks
      153 14 THE LATEST INCIDENT of the alleged assault of a passenger by a minibus conductor deals a devastating blow to the confidence of the commuting public. It would appear that this is not an isolated case. There were four reports of alleged verbal and physical abuse
      153 words
    • Article
      No threat to stability
      183 14 LAST WEEK was another setback for Asia's media, often battered by governments fearing someone might tell it like it is. Jakarta has banned three of the country's most popular publications. The Ministry of Information shut down the popular Tempo and Editor magazines and Detik tabloid newspaper,
      183 words
    • Article
      Nothing as important right now
      126 14 YASSER ARAFAT is said to be worried that excitement over the World Cup might overshadow his triumphal arrival in the newly-created micro-state of Palestine. The Nigerian government, meanwhile, appears to have taken advantage of World Cup euphoria to mute protests over the arrest of the
      126 words
  • Article, Illustration
    Foreign policy deserves higher place on Clinton's agenda
    1243 14  -  Paul Wolfowitz, former US Assistant Secretary of State for East Asian and Pacific Affairs, talks to Regional Economics Editor Vikram Khanna Vikram Khanna Mr Wolfowitz is currently dean of the Johns Hopkins School of Advanced International Studies Q: On his return home
    1,243 words
  • Page 14 Advertisements
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      474 14 Last Call For Exhibitors To Asia Pacific's Two Biggest Electronics Events! m '94 N~~ lt^ Tp /a .q V 21-24 September 1994 World Ttade Centre Singapore NEPCON ASIA PACIFIC '94 SEMITECH ASIA '94 The 9th exhibition and conference for printed Semiconductor and microelectronics packaging, circuit board (PCB) and surface mount
      474 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      84 14 WDSNt MG, &R\STOW -A V,TH£. &MOP? K«^ ~T(gE) 4» *4^ PvT*S M£. 3 a C AStOCUTf O MtWVAfWI LTO.. I*2-I—4 I r 1 11 DOONESBURY GARRY TRUDEAU OC4K /fclW/A/<5 /f YOU ARB A LAMER ,ORIN OKAY, YOU REMAINING JURORS BUT BEFORE selection be- lam enforcement, orhavb will NOW BE QUESTIONED
      84 words
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  • ANALYSIS
    • Article
      Productivity's vital role in S'pore's economic growth
      858 15  -  Anna Teo delves into the NPB's 1994 Productivity Quality Statement and examines various facets of Singapore's productivity picture Anna Teo IF Singaporeans hadn't got more productive year after year, the Singapore economy would have grown by only 2.3 per cent a year over
      858 words
    • Article, Illustration
      Lock icon The four factors at play
      457 15 Manufacturing boasted the best productivity growth of 12.9 per cent last year. But in terms of greatest contribution to total productivity growth, the credit goes to the financial and business services sector. How so, especially as the productivity of the financial/business services sector was just
      Sources of 1993 productivity growth  -  457 words
    • Article
      New skills needed for a new age
      485 15 MIGHT these be the sunrise and sunset industries of Singapore? (see table) Between 1988 and 1991, the wholesale trade in commodities saw the biggest job gain of 30,539, or 30 per cent. The electronics products and components industry was next with some 11,800
      485 words
    • Article
      How they stay at the top
      669 15 THE BEST go on and get even better. Bagging the National Productivity Award was no flash in the pan for most of the winners; over the years, they have got more productive and competitive, a recent study found. Since 1983. 55 companies 34 from
      669 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      920 15 BANK OF BOSTON -X -M The First National Bank of Boston (Incorporated in the U.S.A. wfth Limited Liability) Consolidated Balance Sheet (in thousands, except share and per share amounts) December 31 1993 1992 LIABILITIES AND STOCKHOLDER'S EQUITY 1993 1992 ASSETS Cash and due from banks 1,895,313 1,375,958 Domesic otees lfl
      920 words
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  • Article
    Lock icon Clinton announces extensive White House staff shake-up
    492 16 NYT Reuter AP WASHINGTON President Bill Clinton announced on Monday the most extensive staff shake-up of his 18 months in office, redrawing the lines of power in the White House as he searched for a way to give an air of professionalism to
    NYT; Reuter; AP  -  492 words
  • Article, Illustration
    Lock icon MRTC, Siemens in pact to tap Asian market
    383 16  -  By Rahita Elias SINGAPORE The Mass Rapid Transit Corp yesterday signed a provisional agreement with German conglomerate Siemens AG to jointly move into the potentially huge Asian mass transport market. The memorandum of understanding represents MRTC's first step into the region. In
    Photo by Arthur Lee  -  383 words
  • Article
    Lock icon Japan's ruling parties to hold talks with Socialists
    341 16 The Straits Times TOKYO In a sudden about-turn, Japan's ruling parties yesterday agreed with the opposition Socialists to hold talks on drawing up a common policy platform, opening the way for the return of the Socialists to the coalition. The accord came
    The Straits Times  -  341 words
  • Article
    Japan reform panel lists 279 measures to open up economy
    475 16  -  From Anthony Rowley in TOKYO DEREGULATION of the Japanese economy moved a step closer yesterday when an administrative reform panel headed by outgoing Prime Minister Tsutomu Hata identified a list of priority action aimed at opening up the economy. Though
    475 words
  • Article
    Lock icon Consumer confidence in US at 4-year high
    391 16 Bloomberg Business News NEW YORK Americans' confidence in the economy is at the highest level in nearly four years. The Conference Board yesterday said its Consumer Confidence index jumped to 92 in June, compared with a revised 88.9 in May, a near four-year
    Bloomberg Business News  -  391 words
  • Article
    Lock icon Thai govt reverses underground MRT decision
    176 16 AP BANGKOK Reversing a decision made last month, the Thai Cabinet said yesterday that mass transit systems planned for Bangkok do not have to include an underground component. The Cabinet had said that all new mass transit systems within a 25-kilometre radius of the
    AP  -  176 words
  • Article, Illustration
    Time to look beyond the dollar to the system
    838 16  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor IT IS happening again. The US dollar is being preyed upon by speculators, and this time, even eoncerted intervention by the world's major central banks doesn't seem
    838 words
  • Page 16 Advertisements
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      45 16 COMPAQ. Authorised Deafef For Singapore China! MICRQ SINGAPORE LUMPUR NGEE ANN 00E0N TOWERS £M MENARA IMC cmr (Opp.y— fl (Opp Shangrl-Li Hot^) (Orthifd Ro*d) Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-339 1676 MRCEIMTRE Operate A Business From Home Wo give complete support/address/dedicated phone Ca*****5240
      45 words
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      Page 16 Advertisements Column 2
      187 16 ENHANCE /I mssm Memory Products Inc. I MICRO Upgrades For Your PC I Goods and Services Tax Return Preparation Clinic To help businesses complete their Goods and Services Tax (GST) Return for the period leading up to the filing date of 31 July 1994, for the quarter ending 30 June
      187 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Axle maker York Pacific launches IPO on Sesdaq
      383 17  -  By R Sivanithy SINGAPORE Axle maker York Pacific yesterday launched a Sesdaq initial public offer of 14.5 million shares in two tranches. The first involves 11.6 million shares available to the public at a fixed price of 55 cents each. The second
      383 words
    • Article, Illustration
      M Credit to develop first landed property
      255 17 SINGAPORE Malayan Credit Ltd will be making its first foray into landed property development with the launch of a 124-unit terrace housing project at Upper Changi Road East this year. MCL said yesterday its wholly-owned subsidiary MCL (Changi) Pte Ltd planned to start
      255 words
    • Article
      Isetan reports net loss of $5.7 m
      340 17  -  By Corinne Kerk SINGAPORE Listed retailer Isetan Singapore has followed in the footsteps of C K Tang and Metro's retail arm, to report a net loss of $5.76 million for the year to Mar 31. In what is now a standard response by
      340 words
    • Article
      CDL unit in joint venture to develop Sixth Ave site
      155 17 SINGAPORE City Developments Ltd said yesterday its wholly-owned subsidiary Island City Garden Development would develop a residential site in Bukit Timah in a joint venture with four other parties. The other parties are Pacific Landmark, Royal Garden Land Development, Associated
      155 words
    • Article
      Great River has competitive edge among Indon textile stocks
      735 17  -  HOCK LOCK SIEW By William Chia SINGAPORE Investors are understandably wary about Indonesian textile stocks. After all, the Indonesian textile sector, which is the country's largest exporter after the oil and gas industry, has been performing poorly. After a decade of
      735 words
    • Article
      PUB moves into second stage of privatisation plan
      268 17  -  By Lilian Ang SINGAPORE The Public Utilities Board has entered the second stage of its privatisation plan, working out in detail the legal, financial and organisational aspects of the exercise. Deputy chief executive Boey Tak Hap said yesterday a major hurdle was
      268 words
    • Article
      Comfort posts $ 13.3m profit in first results after IPO
      166 17 Comfort posts 13.3m profit in first results after IPO SINGAPORE Comfort Group Ltd yesterday presented its first results since it went public, showing net earnings of $13.31 million on revenue of $76.07 million. The figures cover the period from June 18 last year, when Comfort was corporatised and ceased to
      166 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        37 17 Mixed Market Mooit' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Baring. Fraser. GK Goh. Morgan Grenjiil. OngCo. Phillip and SG Warburg.
        37 words
      • Article, Illustration
        HOT STOCK
        124 17  -  By Quak Hiang Whai In the short term, Faber Group remains a speculative counter with a bearish bias. The daily RSI and MACD directional indicator are pointing towards some further correction to perhaps $1.80 or below. The medium-term charts look more positive with RSI below 50 level and
        124 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Bt Sembawang's earnings down 61pc
          84 18 SINGAPORE Bukit Sembawang Estates Ltd said its net earnings declined 61.2 per cent to $9.61 million from $24.79 million for the year ended March 31. Turnover fell a sharp 92.6 per cent to $5.41 million from $73.4 million previously. It made an extraordinary gain of
          84 words
        • Article
          Grand Central to buy NZ property
          78 18 SINGAPORE Hotel Grand Central announced on Monday that it intends to buy a property in New Zealand for NZ54.95 million (554.5 million) from Sydney-based Australian Mutual Provident Society, via its wholly-owned subsidiary Grand Central (NZ) Ltd. The property has a net lettable office and
          78 words
        • Article
          STIC gets new director
          71 18 SINGAPORE Singapore Technologies Industrial Corp (STIC) said yesterday that David Lim Tik En has been appointed a director of the board and a member of the audit committee. Mr Lim, 38, is also the chief executive officer of the Jurong Town Corporation. STIC also appointed Goh
          71 words
        • Article
          JEL buys more stake in Huge
          34 18 SINGAPORE Jurong Engineering Ltd has acquired an additional one per cent in Huge Corp, giving it controlling stake at 51 per cent by paying $56,000 for 40,500 shares.
          34 words
        • Article
          Lock icon Kemayan's stockbroking plan
          66 18 Bernama KUALA LUMPUR Kemayan Corporation Bhd, formerly known as Kemayan Oil Palm Berhad, is confident of having its own stockbroking firm within the next 12 months. In a reply to a query from the Kuala Lumpur Stock Exchange, it said it had applied for a stockbroking licence
          Bernama  -  66 words
        • Article
          Lock icon TA in pact with Indian bank
          42 18 Bernama KUALA LUMPUR TA Enterprise Bhd has signed a technical partnership agreement with Global Trust Bank Ltd (GTB), which is incorporated in India, to provide technical assistance to GTB in advisory services and securities dealership. Bernama
          Bernama  -  42 words
        • Article
          Lock icon MUI sells Penang hotel for M$25m
          65 18 Bernama KUALA LUMPUR Malayan United Industries Bhd has disposed of its hotel in Penang for Ms2s million (5514.8 million), realising a profit of M 57.6 million. MUI said yesterday its wholly-owned subsidiary, Ming Court Inn (Penang) Sdn Bhd, has entered into an agreement with
          Bernama  -  65 words
      • Article
        Ben admits prompting family member to conceal info
        534 18  -  Hearing on petition to wind up YHS Holdings By Shiv Taneja SINGAPORE A witness for a rival faction in the Yco family feud admitted yesterday that he prompted a family member to conceal certain information at a recent board meeting of Yeo
        534 words
      • Article
        Covered warrants new darling of KL, S'pore: report
        301 18  -  By Amy Balan SINGAPORE Covered warrants, which have taken the Hongkong stockmarket by storm, is fast taking hold in Malaysia and Singapore. The latest issue by British securities house SG Warburg yesterday comprising 10 million call warrants on Malayan Banking Bhd follows
        301 words
      • Article
        Setron, former MD agree to stop bickering
        481 18  -  From Ho Kay Tat in KUALA LUMPUR THLRF were plenty of handshakes and smiles when the former managing director of troubled Setron (M) Bhd, Abdul Murad Ahmad, agreed yesterday to stop his biekering with the eompany now that Singapore-based Haw Par Brothers International
        481 words
      • Article
        Clipsal on the march with Viet, S African, Mid-East expansions
        325 18  -  By Joseph Rajendran SINGAPORE Electrical accessories maker Clipsal Industries is expanding into Vietnam, South Africa and the Middle East. Managing director Victor Loh said yesterday at the group's annual general meeting that it had just set up a subsidiary in
        325 words
      • Article
        Liang Court buys 50.5 pc stake in joint-venture partner
        179 18 SINGAPORE Listed Liang Court has bought a 50.5 per cent stake in Region Development, its joint-venture partner in property projects in Sydney and London. The remaining equity in Region is held by Singaporebased developer Stanley Quek and Benington Investments, a company
        179 words
      • Article, Illustration
        Lock icon Thai verdict on stock manipulation shows problems of probes
        372 18 Reuter BANGKOK Thai investor "Sia" Song Watcharasriroj's acquittal on stock manipulation charges shows the difficulty of bringing a successful prosecution in such cases, especially in emerging markets, analysts said yesterday. The Bangkok Criminal Court verdict in favour of Mr Song and
        Reuter  -  372 words
      • Article
        UNIT TRUSTS & FUNDS
        555 18 UNIT TRUSTS FUNDS mrnrntm' mkm Jun 29 UMB Invest Mgt Ltd Tm»«iiih llait Tniif I nilund 1.42 1.43 Singapore unn inm umbond 103 i oss flic Commerce 1.61 l.7l*d United Gr Fund 165 1.72 rhc Savings Fund 1.53 1.62 United Asia Fund I 59 I 69« S'porc Prog Fund 0.69
        555 words
      • Article, Illustration
        Goldhill Group expanding Aussie property activities
        376 19  -  From Florence Chong in SYDNEY THE Goldhill Group, controlled by William Goei, is planning to expand its property activities in Australia in the coming months. Mr Goei, described as one of the most active Asian investors in Brisbane for development sites, indicated this week
        376 words
      • Article
        Lock icon HK securities body gets report on alleged rule violations
        274 19 Eastern Express HONGKONG The Securities and Futures Commission has been given a report alleging rule violations in share dealings by Choi Sai Leung, the honorary chairman of Hong-kong-listed Seapower International Holdings (SIH). The report, written by an independent professional company which
        Eastern Express  -  274 words
      • Article
        Kuok-linked firm drops plan for US$60m bond issue
        213 19  -  From Al Labita in MANILA A FIRM owned partly by Malaysian tycoon Robert Kuok has scrapped its plan to float a US$6O million (5591.8 million) convertible bond in the foreign market, brokers said yesterday. "The foreign bond market is still unstable because
        213 words
      • COMPANY BRIEFS
        • Article
          Lock icon Taiwan may end weekend stock trade
          73 19 Bloomberg Business News TAIPEI The Securities and Exchange Commission will decide within two weeks whether to approve a proposal from the Taiwan Stock Exchange to end stock trading on Saturdays and extend trading on weekdays, a commission spokesman said yesterday. The Taiwan Stock Exchange
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Vox to sell assets to Brierley unit
          58 19 Reuter PERTH Vox Ltd said it plans to sell the Vox retail group and Vox Financial Services to Australian Consolidated Investments Ltd, which is 96 per cent owned by Brierley Investments Ltd, for an undisclosed sum. The troubled retailer said the board decidcd
          Reuter  -  58 words
        • Article
          Lock icon Luoyang Glass IPO barely subscribed
          52 19 Bloomberg Business News HONGKONG Investors have shunned an initial public oflcr of 68.5 million shares by China's Luoyang Glass Co, leaving the float glass maker's offer barely subscribed. The Luoyang Glass issue was 1.02 times oversubscribed, said the lead underwriter for the issue yesterday. Bloomberg
          Bloomberg Business News  -  52 words
        • Article
          Lock icon ABN sees no profit for 5 years
          64 19 Reuter HONGKONG Asia Business News (ABN), a financial news television joint venture between Dow Jones Co Ltd, Tele-Com-munications Inc and several regional partners, said it expected not to show a profit for as many as five years. Launched in November, ABN is a
          Reuter  -  64 words
        • Article
          Lock icon AST sees revenues of almost US$2.4b
          45 19 Reuter NEW YORK AST Research president and chief executive Safi Qureshey said he expects fiscal 1994 revenues to be close to US$2.4 billion (553.7 billion), up from US$l.4 billion in fiscal 1993, which ended on July 3, 1993. Reuter
          Reuter  -  45 words
        • Article
          Lock icon China firm to sell 1b shares globally
          38 19 Bloomberg Business News WASHINGTON The Shandong Huaneng Power Development Co Ltd filed with the Securities and Exchange Commission to sell as many as 1.16 billion shares in a global stock offering.
          Bloomberg Business News  -  38 words
      • Article
        Lock icon China's first stock tender a mixed success
        386 19 Reuter SHANGHAI China's first competitive bidding for new shares, designed to replace a clumsy lottery that sparked a riot two years ago, was only a mixed success, according to news reports yesterday. A major power utility to be listed in Shanghai was oversubscribed
        Reuter  -  386 words
      • Article
        Lock icon Yaohan Intl in internal share swap
        133 19 Reuter HONGKONG Yaohan International Holdings Ltd (YIH), controlled by Japanese department store tycoon Kazuo Wada, has proposed a share swap with 42 outgoing shareholders of Yaohan International Co Ltd (YICL) that would reduce the latter's stake in YIH to 36.56 per cent from 75
        Reuter  -  133 words
      • Article
        Lock icon Market slump leads ad giant WPP to call off UK float
        430 20 Reuter LONDON A savage downturn on the London stock market claimed another victim on Monday when advertising giant WPP Group pic said volatility had forced it to put off floating part of its market research business. Industry sources were
        Reuter  -  430 words
      • Article
        Lock icon Saudi firm, US group in satellite venture
        273 20 Controversial plan to market spy-quality satellite images Reuter WASHINGTON A Saudi company and a US consortium have announced plans to join in a controversial satellite venture capable of collecting spyquality imagery. Eyeglass International, the US consortium, and Eirad Co, a Riyadh-based space technology
        Reuter  -  273 words
      • Article
        Parker raises offer for Bridge Oil, gets management backing
        314 20 SYDNEY US independent Parker Parsley Petroleum Co (P&P) has again raised its cash takeover otter for Australia's Bridge Oil Ltd, this time leapfrogging the 85 A cents share offer by US management buyout vehicle Gantry Acquisition Corp and winning the endorsement
        314 words
      • Article, Illustration
        Lock icon A nail-biting experience
        48 20 Reuter NEW YORK A trader on the floor of the New York Stock Exchange watching returns shortly before the closing bell on Monday. The Dow Jones Industrial Average was up a steep 50.51 points at 3,687.45 after plunging more than 150 points last week. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Unilever faces fresh claims in soap war
        208 20 FT LONDON Unilever, the Anglo-Dutch detergent giant, faced potentially damaging allegations from across Europe over its revolutionary new soap powder on Monday, as the soap war with US rival Procter Gamble appeared to tilt in Procter's favour. The Unilever powder. Persil Power and
        FT  -  208 words
    • FINANCE & COMMODITIES
      • Article
        Stanchart Sec guilty of abuses: HK regulators
        428 21  -  By Catherine Ong SINGAPORE Investigations by Hongkong regulators showed that Standard Chartered Securities (SCS) funded the purchase of nearly 40 per cent of the public float of a listed company, and allowed its staff to trade against the firm's own clients. Documenting a
        428 words
      • Article
        OCBC group takes 3pc stake in US fund manager Alliance
        245 21  -  By Quak Hiang Whai SINGAPORE The OCBC group will take a 3 per cent stake in American fund management giant Alliance Capital Management Limited Partnership in a strategic agreement which will also include cooperation in mutual fund management and research.
        245 words
      • Article
        S Korean bank raises US$150m through five-year loan deal
        222 21 SINGAPORE Korea Long Term Credit Bank has raised US$l5O million (***** million) for general funding purposes through a five-year loan from 12 financial institutions. Under a deal signed yesterday in Hongkong, the bank will issue Dragon Floating Rate Notes that pay
        222 words
      • Article
        Lock icon Taipei further opens insurance market
        244 21 AFP TAIPEI Taiwan is to open its insurance market further to foreign operators as part of its liberalisation policies. Finance ministry officials yesterday said US firms were allowed in 1987 to open branches in Taiwan. Under regulations published by the ministry on Monday, foreign insurers
        AFP  -  244 words
      • Article
        Lock icon Deutsche Bank hit as analysts trim forecasts
        257 21 Reuter FRANKFURT Deutsche Bank AG is still suffering the displeasure of banking analysts, with one brokerage firm weakening its recommendation for the stock and others chopping 1994 profit estimates. But despite well-grounded worries about credit risk and debt market losses, analysts said on
        Reuter  -  257 words
      • SMALL CHANGE
        • Article
          Lock icon Rupiah marginally lower in Jakarta
          59 21 Reuter JAKARTA Indonesia's rupiah was slightly lower against the dollar yesterday in slow late narrow-ranged trading on even market activity. One private bank dealer said the market was well supplied with dollars on the back of higher demand, reflecting returned confidence in the local currency.
          Reuter  -  59 words
        • Article
          Lock icon Bahrain firm in Pakistan deal
          81 21 Reuter Bahrain ba sed Islamic Investment Company of the 5.,1 S* yesterday said it had provided a US$ll5 million (b5175 million) financing facility to a Pakistani water and power authority. It said the six-month deal, with the Pakistani stateowned Water and Power Development Authority, was
          Reuter  -  81 words
        • Article
          Lock icon Bank shareholders approve acquisition
          84 21 Reuter CHICAGO Continental Bank Corp yesterday said its shareholders had approved its US$l.9 billion acquisition by Bank merica Corp in a transaction that would make the combined company one of the largest lenders to corporate America. Continental said 74.8 per cent of its 54 million outstanding
          Reuter  -  84 words
    • FINANCE
      • Article
        Lock icon Procter & Gamble raises coffee prices after market soars 25pc
        484 22 Procter Gamble raises coffee prices after market soars 25pc NYT NEW YORK Procter Gamble, which produces Folgers coffee. took immediate action that hit prices on supermarket shelves after coffee prices surged more than 25 per cent on Monday. The big coffee roaster, which sells in 13, 26 and 39 oz
        NYT  -  484 words
      • Article, Illustration
        Lock icon Bangladesh launches mine project
        48 22 Reuter BARAPUKURIA, Bangladesh Chinese technicians working in a Bangladesh coal mining project on Monday. Prime Minister Begum Khaleda Zia inaugurated the mining project which will cost Bangladesh U*****.52 million (*****.8 million). The mine has proven reserves of 300 million tonnes of bituminus coal. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Chinese buying pushes up Thai rubber prices
        219 22 Reuter BANGKOK Aggressive Chinese buying has sent Thai rubber prices up sharply again after a cooling off period last week, said traders. "I heard of unsmoked sheets going as high as 24.80 baht/kg," said one trader. At the Hatyai rubber auction on Monday,
        Reuter  -  219 words
      • Article
        Lock icon Output at India's state-run oil firm to rise by 4 million tonnes
        205 22 AFP BOMBAY India's state-run oil firm will increase production by four million tonnes after three new offshore wells are commissioned in fiscal 1994-95, which began in April, a spokesman said here on Monday. Mohan Reddy of the Oil
        AFP  -  205 words
      • Article
        Lock icon Russians spending US$30b to upgrade metals industry
        377 22 Reuter MOSCOW A US$3O billion (5545.6 billion) plan to modernise the Russian metals sector will introduce new technology for ferrous and non-ferrous metals, improving ore extraction and speeding conversion of military plant, a top official said. Sefarim Afonin, chairman of the Russian Metallurgy
        Reuter  -  377 words
      • Article
        Lock icon US-Canada wheat talks fail, no new date set for next meeting
        362 22 Knight-Ridder CHICAGO No date has been set for the US and Canada to resume talks on trade disputes involving wheat and other farm goods, following the failure of negotiators to reach any agreement on Monday, top Canadian officials said.
        Knight-Ridder  -  362 words
      • Article
        Futures fall on concern over rising supplies
        433 22 Bloomberg ENERGY REPORT NEW YORK Crude oil on the New York Mercantile Exchange (Nymex) fell amid concern that supplies in the Midwest, where stockpiles are 18 per cent below January levels. could get a boost as imports Hood the US. Imports surged 22
        433 words
      • Article
        Lock icon KL flour miller bought Turkish wheat: report
        287 22 Knight-Rid-der SINGAPORE Freight reports are suggesting that a Malaysian Hour miller may have bought up to 25.000 tonnes of Turkish milling wheat for June-July shipment, traders said. A trade house apparently has been try ing to book freight to ship wheat from Turkey
        Knight-Ridder  -  287 words
      • Article
        London
        185 22 LONDON The dollar held above the record low it fell to on Monday against the Japanese yen as traders waited for leading nations to discuss interest rates at meetings next week. Investors are inereasingly expecting the Group of Seven to agree to changes in their interest rates to support
        185 words
      • Article
        Lock icon New York
        90 22 AFP NEW YORK The dollar stabilised against other major currencies at its mid-session levels in London in a quiet market here yesterday dominated by position adjustments. At about 9:45 am (1345 GMT), the dollar traded at 1.5885 marks, unehanged from its London level and up from 1.5838 here
        AFP  -  90 words
      • Article, Illustration
        Untitled
        1644 22 hath" MfltthUxl I'kA l t ui< ukllfj Ilfain\l S'pxre's i<ip W naJimg partners H,JW wur IW US$/S$ forward rates Noon June 28 Bid Offer 1-month I 52.W I 5254 2-month I 5236 I 5251 3-month I 52.U I 5246 6-month 1.5212 1.5232 Source: OCBC FOREIGN CURRENCY NOTE RATES As at
        1,644 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGBs lower in featureless trade
        1391 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Japanese government bonds (JGB) closed lower in featureless trade yesterday with dealers focusing on the foreign exchange markets. "The dollar-yen movement was the main market-moving factor today, others (referring to Japan's political disorder after Prime Minister data's
        Reuter  -  1,391 words
      • Article
        KL tin drops below M$14 level
        693 23 COMMODITY REPORTS KL rm Tin «Jippc<J below the MS 14 level for the first time since January, closing 40 sen down at MS 13.90 a kg after a US$l55 fall in tin prices on the LME. Tin prices bottomed at MS 13.60 on Jan
        693 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Thai tin output down 17.8 pc
          70 23 BANGKOK Thailand produced 1.845 tonnes of tin ingots in Jan-Mar. down 17.8 per cent from a year earlier. Exports were 540 tonnes, down 14.4 per cent, while domestic sales were up 8.9 per cent at 1,417 tonnes. Thailand produced 1.048 tonnes of tin concentrate
          70 words
        • Article
          India buys 13.7 m tonnes of rice
          72 23 NEW DELHI India's state-run buying agencies have bought 13.70 million tonnes of rice in the first eight months of the current 1993-94 (Oct-Sep) rice season, up from 12.59 million a year earlier. The latest statement from the Finance Ministry said higher purchases have
          72 words
        • Article
          India buying 3 kerosene cargoes
          103 23 SINGAPORE Indian Oil Corp is expected to" buy only three kerosene cargoes in its tender for August delivery, traders said. The offers for delivery to the Indian west coast were seen at a premium of between USSI and US$l.2O per barrel to Persian Gulf spot
          103 words
        • Article
          Russian nickel exports to rise 13pc
          95 23 MOSCOW Russia's official nickel exports this year are expected to rise by 13 per cent from 83.000 tonnes in 1993, Sergei Korneev. Norilsk Nickel's export manager, yesterday told the Metals of the CIS conference organised by the Metal Bulletin. According to Mr Korneev. the
          95 words
    • Article
      COMMODITY PRICES
      1461 23 Rubber June 28 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30pn) Bayers Setters As at 12 mm (S ccnts/kg) RSS 1 Contract (S ccnts/kg) (k vo. um c 2 J u !> 2 !T«22TI Month High Low Sett (tonnes) Interest RSS 3 July 94 177.00 I78.00N
      1,461 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1115 24 17.0 SHARES recovered slightly yesterday from the previous day's battering as bonds and overseas bourses improved. The key All Ordinaries Index closed at 1.974.4 points, up 17.0. The index tumbled 60.5 points, or 3 per cent, to 1.957.4, on Monday, its lowest in 10 months and its biggest one-day
        1,115 words
      • Article
        Manila
        601 24 -8.73 Philippine share prices failed to sustain an early morning rally yesterday and ended lower on a general lack of good news at home, an analyst said. The Philippine Stock Exchange Index closed at 2.740.72 points, 8.73 off Monday's figure. Turnover doubled to 1.17 billion shares while value rose
        601 words
      • Article
        Seoul
        451 24 -7.43 Share prices fell on the Korean Stock Exchange yesterday, as late selling pushed by doubts over the success of summit talks eroded advances in the morning session, dealers said. The Composite Price Index lost 7.43 points to close at 923.61 with 49 million shares worth 870 billion won
        451 words
      • Article
        Taipei
        622 24 +7.61 The Taipei bourse yesterday made a weak rebound in light trading, propelled by good performances of construction and plastics and chemical shares, dealers said. Following the previous session's 36.4-point drop, the 374issue Weighted Price Index recovered 7.61 points to settle at 5,874.56. Turnover dwindled to 963 million shares
        622 words
      • Article
        New Zealand
        292 24 17.81 Shares recovered some ground after Monday's 3.8 per cent fall but the NZSE-40 Capital Index was sharply off its high for the day. Brokers said the outlook remained uncertain due to continued volatility on world financial markets. The market started positively, rising to a high of 2,017.82
        292 words
      • Article
        Bombay
        115 24 +29.76 Shares ended slightly higher after profit-taking, particularly in Tata Iron Steel Co (Tisco). eroded the sharp gains in midsession. brokers said. The BSE 30-share Index closed at a provisional 4.204.16. up 29.76 points from the previous close. At mid-session, the index had risen by 54.30 points to 4,228.70.
        115 words
    • WORLD STOCK MARKETS
      • Article
        London
        740 24 +9.1 Shares ended mostly firmer but well oft" the day's best levels as many institutional investors stayed on the sidelines ahead the end of the second quarter. A weak Dow also hit market sentiment, traders said. "There is no really strong buying and there doesn't seem to be much
        740 words
      • Article
        Paris
        146 24 14.16 French shares closcd with pared gains in a fairly quiet market. Traders said the shine came off the market as the dollar and bond markets cased in response to US statistics on consumer confidence and home sales. Sentiment is still fragile as the market fears US overheating and
        146 words
      • Article
        Frankfurt
        185 24 +21.77 German stocks rose as concern about the sagging dollar and inflation cased even as US markets were pulled lower by surging US home sales and consumer confidence. "The market is going up in sympathy with other markets," said a trader. The DAX Index of 30 stocks rose 21.77
        185 words
      • Article
        Brussels
        136 24 +5.60 Shares came ofT their after- noon highs after US new home sales and consumer confidence data dented the dollar and bond markets. The Bcl-20 Index ended up 5.60 points to 1,403.84. Volume edged up to about one billion francs. The Bcl-20 Index July future closcd up six points
        136 words
      • Article
        Milan
        161 24 112 Italian stocks recovered some of the ground they gave up on Monday, but dealers said yesterday's gains lacked conviction, with volumes still thin and worries about a hike in US interest rates persisting. "We rose because the rest of Europe rose, but people's hearts weren't really in it,"
        161 words
      • Article
        Amsterdam
        260 24 +4.12 Dutch stocks closcd higher on improved earnings prospects for many companies. The market was also cheered by a slightly more stable dollar and the prospect of short-term German and Dutch interest rate cuts today, traders said. The EOE Index of the 25 leading stocks closcd 4.12 points higher
        260 words
      • Article
        Zurich
        271 24 +43.0 Swiss shares ended the day firmer, but dealers said they doubted the market could continue to rise today as Wall Street had slipped into negative territory after trading stopped on the Zurich bourse. Dealers said there were hardly any sellers, and buying induced by programmetrading had led to
        271 words
      • Article
        Johannesburg
        315 24 +72 South African shares managed to recover some of their recent heavy losses in mostly slow trade. Nervous investors continued to hold back amid concern about world equities' direction. Dealers said the market had taken a breather after the losses of Friday and Monday and were expected to take
        315 words
      • Article
        Toronto
        301 24 -28.32 Stocks spiralled down in sluggish midday trading as a weak bond market continued to dampen enthusiasm for equities, traders said. "Every time it moves into the positive side it starts to fizzle out," one trader said of today's session. The TSE 300 Composite Index sank 28.32 points to
        301 words
      • Article
        New York
        708 24 -14.56 The Dow Jones Industrial Average, which bounced back 48.56 points on Monday, was down 14.56 points to 3,670.94 at Ham EDT. The New York Stock Exchange Composite Index was off 0.58 to 245.87, while Standard Poors 500-stock Index was down 1.28 to 446.03. Declines overtook advances 948-687
        708 words
      • Article
        Untitled
        780 24 Britannia Funds Sterling Cash Bid Offer Mini C ap Deposit 38 6400 J* 6500 Mi in Jersc* Gill 0 1893 0 1992 Mim Mat Income *0 9000 *0 9400 l 'S$ Cash Income Plus Fund 'I 8600 10 MOO PS Reserve Fund 5 2800 5 MOO Sterling Kquits Euro Potior
        780 words
    • Article, Illustration
      Lock icon HONGKONG
      3030 25 Bloomberg Business News HONGKONG Stock prices recovered some of their recent losses in line with a rise on Wall Street, but they ended the day well off their highs due to the weakness of the US dollar. The Hang Seng Index of top shares closed the day up 26.01
      Bloomberg Business News; Source: Bridge Info  -  3,030 words
    • Article, Illustration
      Lock icon CHINA
      526 25 CLSA MIXED trading caused the Shanghai B Index to fall 15.34 points to 766.35 on a turnover of US$2 million. China Textile Machinery was the hardest hit, dropping 10.2 per cent on very thin trading. The Shenzhen B market was marked by substantially reduced turnover. The index edged down
      CLSA  -  526 words
    • Article, Illustration
      Lock icon TOKYO
      2524 25 Reuter TOKYO Stocks ended sharply higher and the Nikkei Average recouped much of Monday's 465.79-point plunge. Gains were helped by a technical correction after Monday's drop and the dollar's rebound to above 100 yen, brokers said. Public funds, dealers and financial institutions were major buyers, but trade was not
      Reuter; Source: Bridge Info  -  2,524 words
    • Article, Illustration
      Lock icon BANGKOK
      1876 25 Bloomberg Business News BANGKOK Thai shares declined yesterday, their seventh straight loss, because investors see corporate earnings growth slowing if interest rates rise, analysts said. The SET Composite Index decline 1.88 points to 1,252.93 with declincrs outnumbering advancers 133 to 128. A total of 3.7 billion baht worth of
      Bloomberg Business News; Source: Bridge Info  -  1,876 words
    • Article, Illustration
      Lock icon JAKARTA
      1153 25 Reuter JAKARTA Shares ended mixed in quiet trading yesterday with the market slightly firmer after New York closed stronger on Monday. The Official Index ended 1.98 points lower to close at 462.41. "The market was slightly firmer although there was no sign of fresh money coming in.** one foreign
      Reuter; Source: Bridge Info  -  1,153 words
    • Article
      CLOB INTERNATIONAL
      2402 26 MOST ACTIVE vduroe Mm Hv«l 50c 6.147.000 Muipha lull 50c $.194 000 Promct 4.831.000 Kcnong Bhd 50c 3.291.000 MBt'Capital 2.338.000 Kamunting 50c 2.119 000 fabcr Group 2.019.000 Lien Hoc TSR97 2.008.000 CASH 50c 1.884.000 Multi-Purpose 1.615.000 AMDS 5a- 1.551 000 Landmarks Bhd 1.475.000 KL Industries 1.355.000 MOST ACTIVE
      2,402 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks end mixed as investors await Fed move
        5303 26 Bloomberg Business News KUALA LUMPUR Share prices closed mixed as investors waited to see whether the Federal Reserve Board would decide on July 5 to raise interest rates for a fifth time this year. Higher US rates would make dollar-de-nominated stocks and
        Bloomberg Business News; Source: Bridge Info  -  5,303 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7213 27 Gr Gr |M4 Lnl Vol Day Last Qaotr Dh Di> VM Net M Caa High Low timpani Safe (~M0) lt%k Law Bayer Seller CV P/t teil INDUSTRIAL AND COMMERCIAL 1440 835 t s Acma 990 unch 44 1000 985 985 990 17.5 2.1 1.8 15 8 682.4 800 400 I
        7,213 words
      • Article, Illustration
        Lock icon Confidence returns as New York, Tokyo recover
        1854 28  -  By R Sivanithy SINGAPORE Some measure of confidence in local equities was restored yesterday, following a surprising overnight rally in US stocks and bonds. Wall Street had been bracing itself for yet another plunge to accompany last Friday's 62-point drop in the Dow
        Charts by Bridge Info; Source: Bloomberg  -  1,854 words
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      Page 17 Advertisements Column 1
      230 17 NEWS VALUE How today's news might affect your stocks SIA and Tata tie up to operate domestic airline in India (PR I) SIA expanding its earnings base fast. Share price likely to creep up. Regional markets stabilise after Monday's buffeting (pg I) Look to the Dow overnight for direction. Comfort
      230 words
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      344 18 Steamers Maritime Holdings Limited (Incorporated in the Republic ol Singapore) THE RENOUNCEABLE RIGHTS ISSUE (THE "RIGHTS ISSUE") OF 33,510,193 NEW ORDINARY SHARES OF $0.20 EACH ("RIGHTS SHARES") AT $1.00 FOR EACH RIGHTS SHARE PAYABLE IN FULL ON ACCEPTANCE OR APPLICATION AND ON THE BASIS OF ONE (1) RIGHTS SHARE FOR
      344 words
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      Page 18 Advertisements Column 2
      119 18 KENNEDY-WILSON INTERNATIONA Lsm Sale of 14 U.K. and European Hotels and Casino Reserve prices from U552,100,000 to USs2B£oo,ooo A sample of properties included in the sale are: HOUDAY INN GARDEN BEACH HOTEL Cambridge, United Kingdom Juan les Pins, Cote d'Azur, France 199 rooms. In the heart of Cambridge. 174 rooms.
      119 words
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      179 19 PF= 1 LONDON 5.30 AM ROME 7.15 AM M||^ f FRANKFURT 7.20 AM 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
      179 words
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      Page 20 Advertisements Column 1
      961 20 I 0 BANCO DO BRASH. S.A. I BALANCE SHEET AS AT DECEMBER 31,1993 I ASSETS 1993 1992 INCOME STATEMENT 1993 1992 I (thousands CrS) (thousands CrS) (thousands Crt) (thousands CrS) 1 Current assets 13,559,899,733 10,434,167,591 INCOME FROM FINANCIAL cash 683,060,728 396,579,291 INTERMEDIATION 1,984,177,947 2,645.488.024 I UquWassetswithlinancial I institutions 641,331,028 446,455,988
      961 words
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      Page 20 Advertisements Column 2
      178 20 This announcement appears for the purpose of record only 29 June 1994 YQRK SIMPLY MILES AHEAD YORK PACIFIC HOLDINGS LTD (Incorporated in the Republic of Singapore) Invitation in respect of 14,500,000 New Shares of 550.20 each comprising:(i) 11,600,000 Offer Shares at 550.55 for each Offer Share by way of public
      178 words
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      1104 21 FREE ACCOMMODATION UN BANGKOK »R JAKARTA WHEN VOl I FLY CATHWPACIFIC Arrive in better shape. Buy a full fare Marco Polo Business Class ticket to Bangkok or Jakarta and receive one night's accommodation absolutely free of charge Choice of luxury hotels Additional benefits at selected hotels Companion sharing room need
      1,104 words
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      Page 23 Advertisements Column 1
      92 23 fSF IN HOME DEUVERY... Rnd more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits limes Classified delivers! Looking to find
      92 words
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      Page 23 Advertisements Column 2
      34 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. overseas about Sngapore. Straits Times v EJj Mill* |»t«l *r? Subscribe now. Call 749-2577.
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      Page 25 Advertisements Column 1
      48 25 SCR IB E limited series of hand-made welted shoes uses fine French Calf leather and traditional craftsmanship 200 work processes on special lasts give a shoe f $985* No J complete overhaul within 3 years of buy BALLY SHOPS: Raffles Hotel Arcade. Takashimaya Dept Store BALLY i I
      48 words
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      70 26 CITIBANK OFFERS SPECIAL RATES OF UP TO 4.75% ON TIME DEPOSITS. From now until July 31. take advantage of some of the best rates in town on both Local Dollar Time Deposits and Unfixed Time Deposits. With a minimum deposit of $50,000. enjoy Citibank's special rates by calling our 24-Hour
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      Page 26 Advertisements Column 2
      4 26 Tomorrow in Business Times
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      38 27 >■ SINGAPORE COMMUTER offers M A CORPORATE travel card f?%k. It's a credit card travel now pay later Customised Travel Services I Use the for more focused I advertising. Toll free Tel No 1-800-741-1883 Hi Fax No: 741-1298 H
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      21 28 vCw*' EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. rr^ Business Times WE KNOW AHA
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      Page 28 Advertisements Column 2
      342 28 NOTICES THE COMPAMES ACT, 1 CHAPTER SO SECTION WOPMff) WOTICI Of WXK.UTKW LABORATORIES (PTE) LTD VOLUNTARY UQUBATION) At an Extraordinary General Mealing ol Smithkline B—Cham Labor atoms (Pta) Ud held at 38 Quaity Road, Jurong Industrial Eatate. Singapore 2261 on tha 22nd day of June 1994. ttte toSowring special reeotubons
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      Page 28 Advertisements Column 3
      211 28 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF KUWAIT ASIA BANK NOMINEES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act. Cap- SO. the final meeting ol the members ol
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      Page 28 Advertisements Column 4
      397 28 IN THE MATTES Of THE COMPANIES ACT (CHAPTER SB) AND IN THE MATTER OF NOBILIS INTERIORS PTE. LTD. In SIIfApNVI (la Vataaiary UqaWatiaa) Al an Extraordinary General Meeting of the members of Nobilis Interiors Pie Ud duly convened and held al 608 Martin Road. #09-04 Trademark Singapore 0923 on Wednesday.
      397 words
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  • SHIPPING TIMES
    • Article
      Thome Ship Management clinches 5 contracts
      269 29  -  By Alec Almazan SINGAPORE Thome Ship Management has landed five contracts with a combined value of about $13 million a year. It will manage the Stena Concert, an Aframax tanker built in 1992, the Nord Bay, a Capesize bulk carrier built in 1989, and
      269 words
    • Article, Illustration
      Lock icon Missing ship sent SOS off S African coast
      435 29 Reuter CAPE TOWN A South African environmental official said on Monday a missing bulk carrier sent a distress signal a week ago near where oil later bubbled up creating a coastal pollution disaster. "On Monday, June 20, at 1649, an automatic distress
      Reuter  -  435 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1105 29 Page Col ABC Containerline 16 4 Accord Group 8 1-3 Ahrenkiel 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
      1,105 words
    • Article
      Lock icon ANL unlikely to achieve its loss-cutting targets
      435 29 Lloyd's List SYDNEY Australia's ANL will fail to cut losses as fast as predicted in its attempts to pave the way for its privatisation. The state-owned shipping line is expected to incur a loss of more than AS II million (SSI2 million) before
      Lloyd's List  -  435 words
    • Article
      Acomarit develops on-board training and exam plan
      164 29 SINGAPORE Swiss firm Acomarit Services Maritime has adopted a novel approach to meeting the US Coast Guard's requirement that at least one officer on board any ship carrying hazardous cargo be specially certified. With marine safety consultant Cargo Analytics, it has developed an
      164 words
    • Article
      Lock icon Crown Monarch to be withdrawn from Sydney base
      582 29 Lloyd's List SYDNEY Plans to increase the attractiveness of Australia as a cruise destination have been hit by a decision to withdraw the Crown Monarch from her Sydney base and redeploy the vessel in South-east Asia. ElTJohn, the vessel's Swedish owner, is
      Lloyd's List  -  582 words
    • Article
      What's in Gats for shippers
      914 30  -  The upcoming General Agreement on Trade in Services will have several X implications on the maritime transport industry. David Hartridge, director oT£ Gats trade in services division, gives his views from the Posidonia forum E David Hartridge THE signing of the Final Act at Marrakech
      914 words
    • Article
      THE SHIPPING GUIDE
      14871 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LE6CNO PN: ship calls at Pcnang after
      14,871 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        585 46 Voy Wo B«rth Arwal Dtparturt Vessel Voy Wo Berth Arrival Departure Jurong Port Yadanar Wm 1/94 P01A alongside 29.06/0010 BMW 06,0/ 94 11 alongside 2906/2300 Zeyarthartdi 03/94 P01A alongside 2906/2359 ffea Uma 11 117 alongside 2906/2000 Andh Perdana 401 P06 2906 0800 30 06 1500 Wlestan 063
        585 words
      • Article
        CONTAINER SCHEDULES
        1586 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Act lotus 0538 01/2000 1A 28 1500 28/1669 28/1900 18 28/1500 28/1659 28/1900 2A 28/1/00 29/0659 29/0900 28 28/WOO 29/0659 29/0900
        1,586 words
    • Article
      Daily Freights
      753 46 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,325 on Monday from 1,321 on June 24. FIXTURES I'anker Trading was quiet for very large crude carriers lifting cargoes from the Persian Gulf Monday, although rates appear to be holding steady at their firmer levels,
      753 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        DHL to open second local operations centre in Aug
        275 48  -  By Rahita Elias SINGAPORE International transport specialist DHL Worldwide Express will open a second operations centre here in August. The centre, at Jalan Ahmad Ibrahim, Jurong, will be leased. This means the initial outlay will be small about $350,000 to equip
        275 words
      • Article, Illustration
        Lock icon Air Ivory Fokker crashes, killing 17
        63 48 Reuter ABIDJAN, Ivory Coast Debris of an Air Ivory Fokker-27 which crashed near Abidjan airport on Sunday killing 17 people. Hie plane was about to land after an internal flight from the western port of San Pedro. The cause of the crash was not
        Reuter  -  63 words
      • Article
        Lock icon Falling greenback boosts US car sales
        385 48 Reuter DETROIT US automakers, already enjoying a huge price advantage over their Japanese rivals, are likely to make further sales gains this year as a result of the slumping dollar. With the dollar unlikely to return to last year's level of 110 yen, auto
        Reuter  -  385 words
      • Article
        Lock icon Chrysler close to minivan deal in China
        243 48 AFP FT DETROIT Chrysler Corp is close to sealing a billion-dollar deal to manufacture minivans in China, edging out German rival Mercedes-Benz AG, a trade journal said on Monday. Meanwhile, Ford Motor Co announced it sealed auto parts deals with two Shanghai joint
        AFP; FT  -  243 words
      • Article
        Lock icon Nissan to set up HK unit to manage China market
        158 48 AFP TOKYO Japanese No. 2 automaker Nissan Motor Co Ltd said on Monday it had established a wholly-owned subsidiary in Hongkong to manage the distribution of vehicles and service parts to China. Major trading firm Marubeni Corp said the same
        AFP  -  158 words
      • Article
        Lock icon Six carriers urge Clinton to reopen air talks with UK
        515 48 Bloomberg Business News ST LOUIS Trans World Airlines Inc and five other air carriers have sent a letter to US President Clinton, urging him to reopen talks on air traffic regulations with the British government. Talks between the two governments
        Bloomberg Business News  -  515 words
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        Lock icon EU report hardens line on airline state aid
        387 48 Reuter BRUSSELS The European Commission has signalled a tougher approach to state aid for troubled airlines in a policy document obtained by Reuters on Monday. "As it is the Commission's intention to phase out this aid over time the Commission intends to
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          Lock icon China starts express rail work
          96 48 Reuter BEIJING China has started survey and design work for construction of its first express railway, 1,300 km from Beijing tol Shanghai, Xinhua news agency said. It said the work, on a 6311 km stretch from Xuzhou, Jiangsu, to Shanghai, is being done by an
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          Lock icon Deutsche BA to lower fares in Germany
          56 48 Bloomberg Business News LONDON Deutsche BA, the German subsidiary of British Airways pic, said it would cut its fares within Germany from Aug 31, the Wall Street Journal Europe reported. The new fares will start at 180 deutschemarks (SSI7O) and will be valid
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          Lock icon Aeroflot earnings up 15pc
          83 48 Bloomberg business News MOSCOW Vladimir Tikhonov, general director of Russian airline Aeroflot, said the carrier boosted its earnings by 10 per cent to 15 per cent in the first five months of the year, the Wall Street Journal Europe reported. However, Mr Tikhonov said the airline
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          Lock icon Fire, explosion on reefer
          80 48 Knight-Ridder LONDON The 4,988-gross tonnage reefer EW Kilimanjaro had an engine-room fire following an explosion in the main engine turbocharger south of Punta Mala at about 1900 hours local time on Friday, according to Lloyd's Intelligence. The fire was put out but one crew member reported
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          Lock icon Norway firm buys Bond Helicopters
          99 48 AFP OSLO The Norwegian Helikopter Service AS (HS) has acquired the Aberdeen-based helicopter company Bond Helicopters for 800 million kroner (S$ 176 million), HS managing director Christian Brinch said on Monday. The new group will have a market share of 42 per cent in the
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          Lock icon BE sees '96, '97 gains on in-seat video
          82 48 Reuter WELLINGTON, Florida BE Aerospace Inc said it expects shipments of in-seat video units to British Airways pic, beginning early next year, to have "a healthy impact on sales and earnings in fiscal 1996 and 1997". The company said it continued to
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1731 48 ag nm eta n» n»_ nm tra nm n»_ Um T"--" 0K510 1900 SQ442 2000 Ca—«a SRI83 2105 Aiataldt SQ227 2030 6—nrfw CZ353 1255 CZ354 1420 Ammaa RJ182 1445 RJ1S3 2230 toplwi MI931 2035 Mt932 0920 Amsterdam KL837 1450 KL832 2300 Hamtl VN74I 1310 SQ176 1130
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  • Page 29 Advertisements
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      43 29 Drager Ja& SAFETY EQUIPMENT PA9O MARINE WtjT] Specifically Designed Bicaihing Appaimu» For Maiitime Application HIGH QUALITY HIGH PERFORMANCE HIGHLY AFFORDABLE Draeger South East Asia Pte Ltd 67 Ayer Rajah Creacent #06-03 Singapore 0513 Tel: 773 2133 Fax: 773 2033 Tlx: RS ***** DWSING
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      26 29 Lines and services represented by Member! of the Registry of Accredited unma* Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Stopping imes Tel 740-2089/740-2090
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      55 29 VISA FREIGHT SERVICES PTE LTD 1 THE TOTAL TRANSPORTATION PEOPLE j I B 1800 *****66 What's in Gats for shippers, Page DHL to open second local operations centre: in Aug, Back Page STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Sc Markets.
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      554 30 n N.Y.K. LINE 1993 (S) PTE LTD MALAYSIA INDONESIA 1 H NYK AGENCIES (M) SDN BHD P T. PEL AY ARAN PUS AK A A JIB AYU w FAX "> "ti/1()'t KUALA LUMPUR: 03-29?0766 (7 lines) JAKARTA <o? i > *****12 <io linesi PORT KELANG 03-*****15 LINES) SURABAYA <031) *****1
      554 words
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      2089 31 r ?^&T F i?»££T* mvmtt QtHC DOCUMENTATION TEL: *****55 (INWARDJ/*****90 (OUTWARD) T 1 FS T£L *****6 BOOKINGS TEL: *****80 *****81/ *****82 Jg" TEL. *****3/4 MUt S4ZYO® <op NS > CUSTOMER SVC TEL: *****92/*****91/*****93 mwOR BAHRU TFL FAX 07 *****99 keppel distripark blk 513 #01-128 JOHOR BAHRU TEL 07-*****70 fax. 07
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      1773 31 mumssasssmi EAST COAST SOUTH AMERICA I 5 PUERTO CABELLO/LA GUAIRA/RIO DE JANEIRO S SANTOS/BUENOS AIRES/RIO GRANDE/IMBITUBA m MARGRETHE MAERSK V.9406 ETA SIN 4TH JULY 1994 m m 4 vow Voy ETA ETD Faadarad by 4 1 DESTINATIONS TMa *Mk MARORETME MAERSK V 9406 cv o*/o7 has HBBB c CFS 03/07
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      827 32 AOABA R OAM/1 LI ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S'TON H'BURG A WERP HAVRE WEST MALAYSIA LA SEINE 36/125 29/6 '6/7 '9/7 17/7 Poet Kelang. Penang HOECHST EXPRESS 15/325 2/7 11/7 18/7 20/7 23/7 25/7 27/7 Pasir Gudang OANUBE 14/126 6/7 30/7 26/7 24/7 s
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      647 32 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi, islamqala (Doqharun) C.1.5./RUSSIA: Vostochny, Vladivostok. Moscow, Baku, Tashkent, Irkutsk, Alma Ata, Asltgabad, Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Hongkong V.2214 05/7 30/7 Ned Africa V.2224 12/7
      647 words
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      1144 32 NORASIA WEEKLY SERVICE a# WITH I FIXED DAY SAILING IQ I LA SPEZIA r FFOrS r BARCELONA VALENCIA FOR MORE DETAILS, PLEASE CONTACT: MS TAN SEOW CHUAN/MS FELICIA PEH Z •r S PORE GENERAL AGENT NORASIA AGENCIES (S) PTE LTD I ALSO ACCEPT*** LCI TO: TIL: *****83 FAX: *****90 CR
      1,144 words
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      1726 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE omgw <a service of china navigation co> C«GC> ,S OOt SAILS STRAITS VENIURE VI7E lab. Muara 26-27 kn 21 lun 29 ho FC L, LCL COMTAIMCR AND BREAKBULK
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      2913 33 m SINGAPORE AGENT: a P&O Containers (Singapore Agencies) Pte Ltd I 43L% W 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 m Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT vO Y •■MO -MO iii~| SOU ANT ROT MAM OOT WE
      2,913 words
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      523 34 EKA JAYA AGENCIES >3lir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI MWW CITY PAQMB I HAWOPMONtyPWCCT HENBV HOI aj—l m—fIMMM kelvin CHAN ;iwa Maafl— manw »im» iHM/a —J ►TO VIETNAM/HCMC K CONTAINIA-FUDW SERVICE (§>wm.wm m CENTER-POINT mil y LINES WSStL WT H» STCM WW I
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      430 34 EAST COAST (ALL WATER SERVICE) IN BOU N D SERVICE FROMU S A CAN AD A SUEZ TO AUSTRALIA AUSTRALIA FAR EAST (MSS SVC) [CONVENTIONAL SERVICE TO ARABIAN CONVENTIONAL SERVICE TO RED SEA HANJIN SHIPPING (SINGAPORE) PTE LTD 79. ANSON ROAD. -23-01. SINGAPORE 0?07 TEL: *****55 FAX NO: *****60/ *****76
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      Page 34 Advertisements Column 3
      403 34 a EVERGREEN 1 Full Container Sty vice Round-The-World East Bound (FE/CA RIB/US EC/EURO/FE) I Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST/PNW SERVICE I MINI illlll INBOUND FAR EAST/RED SEA/MEDITERRANEAN j OUTBOUND MED/RED SEA/F.E. I FAR EAST/ SRI LANKA/ INDIA/ PAKISTAN/ FAR EAST I RTW SHIPPING (S) PTE LTD M SIA
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      2372 35 ft si II PLEASE call II I II NEPTUNELINK (1800 *****00 TOLL-FREE) ll II S3BfwVW II FOR THE FOLLOWING INFORMATION: HI II jyr HI VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ II jr M FREIGHT CHARGES PAYABLE/STORE RENT CHARGES/ AVAILABIjJIY_^F_DOCUMEhiTS__FOR_COI-L-ECTION__^_ M^^^M^[J EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SOX) TO: USWC US QULF MIDWEST
      2,372 words
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      Page 35 Advertisements Column 2
      1198 35 A I MULTILINE SHIPPING PTE LTD ■V (a member of SJNSOV Group) CR NO: **********0C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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      1392 36 44 m AS AGENTS: "R" UNI (SINGAPORE) PTE LTO (CR NO: 1244J*****0M/GST REG NO: M 2-*****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 l V TWT WjT* MALAYSIA: K" LINE MARITIME (MALAYSIA) SDN BHD W* J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I INDONESIA: P.T.
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      Page 36 Advertisements Column 2
      1142 36 @APPENSHIP /9( HAMBURG \T\J CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS 10ADMG POUTS DISCHARGE LOADING FOR ECUADOR HAM 22/05 IN PORT MERINI ANTW 27/06 SPORE 30/07 SEAKITTIE HAM 29/06 SPORE 02/06 KOALA CONTAINER LINE SPORE FIX HAM RIM LEH CS TAHITI 4608 24/06 20/07
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      956 37 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I CR NO: **********06 I OTVWWMHPW9WWSW9IVIHRnHBHH F-im L*l A»J11?L»fi« 'J;1 r "f MifiijlM']Lnlf rnTililiTi^^Bl IVCSML VOY SIN BKK MN VESSeL VOV SIN JKTSIN EQUATOR CRYSTAL 11N *7 5/7 S/7 OR RUBY 48N 29/6 2/7 6/7 KOTA
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      Page 37 Advertisements Column 2
      963 37 WtSStLS WOT It Wot HAMBURG THAMES ROUERDAM ANTWERP VKLE DC TUCANA UO4N 01/07 27/07 29/07 30/07 31/07 02/01 WU.E Ot LIA LO4W 03/07 25/07 27/07 ?»/<> 7 31/07 02/08 WILE DC CAHWA CO4W 12/07 03/00 05/04 07/01 o</08 VME OE SA6IIIA SO4W 10/09 t?/0> '3/01 14/01 K/08 •AISO ACCEPTING CARGO
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      Page 37 Advertisements Column 3
      819 37 BSfl ik. MYANMA «BBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Wf Pen P.Gdf HP* AN V2O3W 30/2 Jul AVA 121W SM In PI 30/2 M Sid MERGUI Vl24* 6/7 lui SAGAMG V3SW 10/12 1U 13/15 Jul 16/20 Jul PAGAN V2IIW 13/16 lui MALAYSIA AGENTS BOUSTEAO
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      2184 40 DIRECT Israel {Haifa, ashdoo VIA month ?|S Singapore's General Agents: one Tiff SHIPPING PTE LTD W (General): *****00 Sales/Booking: Agency Dept: s watnir o8 Fa f e «*«r»0 *****66 Container *****41/844 Container Src 8/L *****02 Operation Container. *****15 ISuS "£r 2HM COSHV CwwrtiOM/. MOSKO 0/<k 4M5745 CmmUm* 4M5744 Singapore 0106
      2,184 words
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      Page 40 Advertisements Column 2
      767 40 /in CROATIA LINE^> I (EX JUGOLINIJA) VESgI SPOtt P* PMG 10MMNC FPU RAB JUL "5 AIL Aleiandoa Beirut. Istanbul. Trieste Roper. Lattakia. limassol Mersin. P Said. Ri|e*a Venice IGRO6N* 8 JUL do Gonorai Agontt: EAST MOUNT AGENCY (PTE) LTD Singapore Kuala Lumpu Port Ketanf Penang Lift; *****5b Id: *****66 Tot
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      Page 40 Advertisements Column 3
      175 40 /Snorbuu^ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES WORLD AGAMEMNON M PORT 5/7 ROM/MIT/UK I SEA SOWCT 5/7 9/7 FIU/RDAM/AHT/UK I I NORBULK TBN 21/7 24/7 08N/CPT/a I ALSO LOADS TAWAU, KK, TG. MANI I PK SWK/SABAH LOAOMG FOR NORBULK Pl* 15/7 HONGKONG/HUANGPU
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      752 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA. S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 03/7 ROTTERDAM 04/7 AARHUS/COPENHAGEN 03/7 HAMBURG/BREMEN 03/7 MARSEILLE/FRANCE 05/7 FELIXSTOWE/UK 04/7 BARCELONA/SPAIN 04/7 LEHAVRE/FRANCE 02/7 GENOA/ITALY 04/7 ANTWERP/BELGIUM 04/7 LOS ANGELES/WC/IPI 03/7 SYONEY/MEIBOORNE 03/7 NEW YORK/EC 03/7 FREMANTLE/ADELAIDE 30/6 VANCOUVER 01/7 BRISBANE 04/7
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      Page 41 Advertisements Column 2
      478 41 \]*{]<"~]$`/=-.(*:(!@{~"]_-@=_* i&Mgai rami BAY OF BENGAL SERVICES KSSU VOT SJH MM SM im BIAM) IWN 0102/07 07-11/07 10-17/07 ret* budge nm 04-04/07 10-14/07 19 20/07 TKU MT HON 00-01/07 14-10/07 21-24/07 IKU VtlD 2MN 12-13/07 10-22/00 27-20/07 tttO SIMP 111N 10-17/07 22-20/07 31-01/00 rtSSIL VOY SM CM. SM m SMN6
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      299 41 OT RICHFIELD MARINE AGENCIES (S) PTE LTD W TEL: *****33 (12 Lines) \SSL FAX: *****15/*****03 m TELEX: RS ***** RISHIP (3 Line*) }=J CR NO.: **********0E I® ETHIOPIAN SHIPPING LINES (National Lmos of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vnml Voy ETA Loading For Sport Abbay Wonz 40WB 12/00 Daresaaiaam. Mombiu,
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      Page 41 Advertisements Column 4
      549 41 Guaranteed Smilinga to:BANGKOK/LAEM CHABANG/LAOS 23/6 (WED), 2/7 (SAT) PORT KEUNG/POMNG 27/6 (MON). 1/7 (FM) HONG KONG 21/6 (TUE). 1/7 (FRI) JAKARTA 21/6 (TUE). 2/7 (SAT) MANHA/CEBU 2S/6 (TUE) HO Ctf MNH 1/7 (EM) SMABAVA 3/7 (SUN) BUS AM 3/7 (SUN) pl DONGN AM A LINE COWTAWPMitD MHVICI BTWAITS7BtW/INC/B»N KSm iff
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      1707 42 IkAfIMN CONTAINER LINES, INC IZrv/VvlAflents: MAC-NELS SPORE: *****22 (24 LINES) > 'c/R No: **********0 C SIBU (084) *****9 KUCHING (082) *****3 PENANQ: (04) *****8 BANGKOK (882) *****57 MANILA (832) *****81 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
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      180 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD EM ll* it* sroH rati keimig pinaag am MIX 30 6 loading to< MUle MAM HUMU IV/ loading tot Duba DOIPHN n I loading Foi MM* PKWCER SUPREME In Port loading for Male UMMEEOH I* Pwl loading fot Male PKOGMSS IHRIT 20/7
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      1183 42 f P THONG SOON LINES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I V/ \y TEL: 227-5088 FAX: 227-6011 I I y TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY ?PO»E PEST VESSEL VOY S PORE PEST EQUATOR 111 127/4E
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      611 43 WgV'EVERETT ORIENT LINE" JAPAN/BAY Of BENGAL/JAPAN SERVICE ACCEPTING BKMBU.K/SOC C*AGOES TO/FROM KOK. YOKOHAMA. NAGOYA. MOJI. TOKYO*. MANIA*, o***o*. Penanf* P. Kriant Singapore E'Msia* IVYEVERETT V9E Wt/29 km 30/1 Jul KAMALEVERETT V2IE 06/07 Jul SHAPLAEVERETT V2IE 18/19 M 20/21 Jul ACCEPTING BKAKHUK/FCI/SOC CARGOES TO/FROM CMTIAGONG. CALCUTTA UNO MONGIA*. Sinfapore P. Kelanj*
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      243 43 181 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 24/6 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 43 Advertisements Column 3
      591 43 jdbc PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK A CONTAINER SERVICE s W ""Sw"" MAKRAN 149 HW 11/07 21/07 HYDERABAD 131-HW 11/07 29/07 SARGOOHA 145-HW 02/0» 10/08 ISLAMABAO 124-HW 10/0« 19/01 FAR EAST CONTAINER SERVICE ONLY VESSR —SM OS* NAG roT""' SARGOOHA 144-0W 04/07 0«/07 12/07 14/07 U/07 11/07 ISLAMABAD 123
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      682 43 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS HUIHE/106 11/07 25/07 2S/07 28/07 15/08 YIHC/100 26/07 09/08 10/08 12/ OB 30/08 SHUN HE/105 11 /OB 2S/OS 26/08 28/ OB IS/OS TAO HE/87 26/08 09/09 10/09 12/09 30/09 ACCEPTS CARGO TO JOHANNESBURG PRETORIA
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      Page 43 Advertisements Column 5
      265 43 SIN FAR EAST 05/07 KEELUNG/KAOHSIUNG 03/07 BANGKOK 03/07 MANILA/CEBU 03/07 JAKARTA/BELAWAN/SURABAYA 03/07 PORT KELANG/PENANG/E. MALAYSIA 03/07 BUSAN 03/07 TOKYO/YOKO/KOBE/NGO/OSA 03/07 HONG KONG S]N CHINA (<f!S*±«feP) 03/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 29/06 LDN/FLX/LVP/SOU 29/06 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA 03/07 LOS
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      745 44 PHI LI-on If NT L IMS PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0HL XT A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 3 JUL SYDNEY, MELBOURNE, BRISBANE, FREMANTLE
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      298 44 y Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 6 JULY (Accepting to alt Naw Zealand port*) PENANG 01 JULY JAKARTA 03 JULY PORT KLANG 07 JULT MANILA 03 JULY BANGKOK 03 JULY MELBOURNE 03 JULY SYDNEY 03 JULY BRISRANE 07 JULY FREMANTLE 03 JULY 'ACCEPTING TO ALL SCANDINAVIA PORTS BOMBAY
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      Page 44 Advertisements Column 3
      455 44 This Week's Sailings Singapore T rnrrr FIRST FORWARDER INlo: KID lo: KID asia awardkd Singapore Singapore 'SO 9002 BY LRQA EVERY KVKRY Bangkok SUN Jakarta SL'N CDj KVKRY KVKRY /45r$^\r~On Manila SUN Ho Chi Minh KRI fDI S] yt I o I il.l II I KVKRY KVKRY LSHJ Colombo lUK
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      1523 45 ISEAMA^tRGENTIN^IN^^S^^ CONTAINERISED "HUB" SERVICE I I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I EASTBOUND BASK POftTs VIA BUENOS AIMS VIA SANTOS VItHU VOV S POM IMHUAIA MM SHT ITVKO ASUNCION WO I MftANAMA ALEXANOER SCHULTE IE Sall«d 27/07 31/07 04/08 01/08 03/08 07/08 08/08 TBM IE 25/07 28/08 01/09 05/09 03/09
      1,523 words
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      Page 45 Advertisements Column 2
      446 45 rffSs. CEYLON SHIPPING CORPN (Slpy National Line of Sri Lanka CONTAINERISED SERVICE TO UK AND NORTH CONTINENTAL PORTS Mi lwr[gi|MO|ta| Innl lim wut ot rue mi* uow> w,o« n/v n/ti a/v ti/u t*?ti n/n jgg> HMCtSS M?V3 01/07 M/ 07 W0»«U SUW Wt 3 M/ 87 11/07 WOUSU ft Ml
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      498 45 |C CONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.41 VESSEL PETROOVONETSj PRtOZERSK DEKABRIST N. KRUPSKAYA PRtMOftSK PAVLOORAD POUTS EOll EBI2 EBI3 EBI4 EBIS EBI6 BUENOS AIRES' Sajjad Sallad Sajjaj 27-29/06 06 09 07 20-28/07 MONTEVIOCO Sallad Sallad Sallad 30/06-01/07 10 11/07 29/07 RIO GRAN DO SU Sallad Sailed Sallad 16 16
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      39 46 i XOUR LINE PTE LTD rj jpry yrr| J jjjjT r u'i. l A B HH^KTrTTTSBH ■■nnviimi ■■nnFm* 1.... I I .—BH/ajIICLJMM.i i "<n::yTlnyA/i't" jII )B TUBM ii mmjim Kiuu^«.jrAinirM EHZ— M l Ee/lIMIIUM aiJUMtiLJM EE!*i yiDTm—— ■ZSiKJiI EIMaHSHHim
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  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      308 46 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0600 0900 1000 1100 1200 1300 1400 1500 1(00 1700 ISOO 1900 2000 2110 2200 230£ 2.0 2.5 2.9 2-9 2.7 2.2 1.7 1.2 O.S 0 6 0.5 0.7 U 1.6 2.1 2.3 2.3 22 1.9
      308 words
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      822 47 HYUNDAI I MERCHANT MARINECO.ni). WESTBOUND TO EUROPE BKG: *****61 PNA* IKE* PGP* VESSELS VOY I SM RTM AWT* LEH* HAM BRE| FEL 29/06 01/07 02/07 SI FREEDOM 311W 04/07 23/07 25/07 26/07 25/07 25/07 27/07 01/07 01/07 09/07 H. COHWANDER 310* 11/07 30/07 01/06 02/08 01/08 01/08 03/08 13/07 15/07
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      Page 47 Advertisements Column 2
      480 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS «SSfl *OT V PK KUC KK MM KI ASIAN QUIEN 4 30 6 2/7 SOU KOCH kPI M/ 7 2/7 TANAMG QMS 12 1/7 1/7 (PNG 7/7) 12/7 KM NAGOVA 92 1/7 11/7 (CTTA 14/7) KEBHUN N J/7 11/7 11/7 15/7
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      Page 47 Advertisements Column 3
      978 47 JEDDAH/UK/CONTfsENT STORE AC S TON HVRG ADAM LEH Ah* Acccptnf Cvp f« LA SUE 30/125 29/( 11/7 19/7 21/7 MUK dnfanilwi M*>t mi Ortfa HOECHST EXPRESS 19/129 2/7 U/7 20/7 21/7 29/7 27/7 Utter**, :t, d Antwerp Anted** o*. HM DANUBE 14/1H 0/7 21/7 20/7 28/7 Souftwvta :ti<l UK dntrattn.
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