The Business Times, 4 May 1995

Total Pages: 46
1 46 The Business Times
  • 12 1 Business Times WE MOW ASIA MITA(P) 194/12/94 Thursday May 4 1995 85*
    12 words
  • 2am LATEST
    • 44 1 Reuter NEW YORK Blue chip stocks soared to another record high yesterday. At 1 pm EDT, the Dow Jones average was up 31.13 points at 4,360.01. Advances led falls 12-7 on volume of 218 million shares on the NYSE Reuter
      Reuter  -  44 words
    • 61 1 AFP WASHINGTON Chrysler Corp is prepared to buy back the 10 per cent stake in the carmaker from Kirk Kerkorian, the billionaire who is trying to take control of the company. The Detroit News yesterday said Chrylser management would not offer a premium to
      AFP  -  61 words
  • 167 1 Stock Mrhit huffrfltt Wednesday Change STII 2,066.35 -4.16 KLSEComp 950.68 +6.11 Nikkei closed Hang Seng 8,299.67 +87.56 SET Index 1,243.60 -5.97 Jakarta Comp 423.39 +3.23 Manila Comp 2,444.58 -3.58 Taipei WPI 5,779.68 +7.87 Seoul Comp 920.73 +14.69 Bombay BSE30 ..3,069.25 54.18 CLSA China B 747.46 -0.36 AustAllOrd 2,037.6
    167 words
  • 889 1  -  From Ho Kay Tat in KUALA LUMPUR DEPUTY Prime Minister Anwar Ibrahim has been retained as Finance Minister while Rafidah Aziz kept her job as Minister of International Trade and Industry in a little-changed cabinet announced yesterday. Financial markets and foreign
    889 words
  • 401 1 SINGAPORE Johor's residential property prices may plateau by the end of this year but a downturn is not on the cards, say Malaysian property consultants. The annual supply of new homes in the southern Malaysian state is estimated to be 20,000
    401 words
  • 442 1  -  From Maggie Ford in JAKARTA THE JAKARTA Administrative Court yesterday threw out the publication ban on Tempo, formerly Indonesia's most popular weekly news magazine, and ordered Information Minister Harmoko to issue a new licence for it. The ruling, which was applauded by spectators
    442 words
  • 342 1  - Sing hits new high of S$1.3894 against US$ before easing By Paul Leo SINGAPORE The local dollar hit another record high of S$ 1.3894 against the US dollar yesterday before easing to end unchanged at 1.39. Dealers said the Singapore dollar moved higher on commercial demand but this was quickly
    342 words
  • 168 1 SINGAPORE Regional stock markets had a quiet day yesterday, with prices closing mixed in low volume. In Singapore, the Straits Times Industrials Index closed 4.16 points lower at 2,066.35. Brokers said the closure of the Japanese market for the Golden Week holiday was one reason
    168 words
  • Page 1 Advertisements
    • 68 1 \!_~*|*_:@<!_)\+-`@}<?}$-['$<%~ cowmrrs I Spore News 2 J/,18,19 Regional News 3,4,6 Financial 21,22 World News 1 Features Analysis 15 Oob/KLSt S£S 2528 Editorial 14 Regional 24 Sports 10 World 25 TV/lifestyle 13 Cwrenaes 22 Law 11 Smex/Commo 22.23 Sahicriptlwi Tel 1800-*****7/ Fax *****75 BT NcwKfesfc Td *****18 Fax *****71 *****111 l
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    • 7 1 Law: Pg li New S'pore bankruptcy provisions
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    • 11 1 Hock Lock Siew: Pg n Are Indon banks worth banking on?
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 308 2  -  By Ramesh Divyanathan DEMAND for Certificates of Entitlement (COE) grew strongly in the first quarter this year but this growth has slowed down in the last two auctions. The monthly release of COE results by the Registry of Vehicles includes the number of bids submitted
        Source: ROV  -  308 words
    • 294 2  -  By Michelle Low AMERICAN pharmaceutical group Schering-Plough's new $300 million Tuas plant will play a key role in its worldwide operations. Managing director Patrick Yeung said the plant here would produce the bulk of active ingredients in ScheringPlough's best-selling lines. These include the non-sedat-ing
      Photo by Chris Loh  -  294 words
    • 302 2  -  By Genevieve Cua SAFE Enterprises, the travel and leisure subsidiary of Singapore Technologies Industrial Corp, has tied up with the NTUC Club to set up a chain of family entertainment centres in Singapore and the region. SAFE's partner in the joint venture,
      302 words
    • 200 2 THE Urban Redevelopment Authority has received 51 bids for 10 parcels of restored shophouses in the Kampong Glam Conservation area. The shophouses, for which public tenders closed yesterday, comprise two and threestorey buildings on 99-year leases. They are located along Arab Street,
      200 words
    • 436 2 SINGAPORE'S top four Asian visitor-generating markets Asean, Japan. Taiwan and South Korea and the US market showed impressive double-digit growth rates last year. Figures released by the Singapore Tourist PHwnotion Board (STPB) in its Annual Report on Tourism Statistics (1994) showed that the other
      Source: STPB  -  436 words
    • NEWS ROUNDUP
      • 89 2 THE Republic of Fiji has appointed Tay Boon Seng, regional director of development, Shangri-La International Hotel Management Pte Ltd, as its honorary consul in Singapore. The Fijian embassy here said yesterday that Mr Tay's accreditation has been accepted by Professor S Jayakumar, Minister of Foreign Affairs,
        89 words
      • 53 2 NINETY-ONE per cent of flat owners in Paya Lebar upgrading precinct have voted in favour of the programme, the Housing and Development Board said yesterday. Construction work is expected to begin in the second quarter of next year and to be completed by the fourth
        53 words
      • 57 2 BRUNEI'S air-force commander Brigadier-General Pengiran Dato Seri Pahlawan Abidin bin Pengiran Ahmad received the Meritious Service Medal (Military), one of Singapore's most prestigious awards, yesterday. The medal was conferred by Minister for Defence and Labour Lee Boon Yang on behalf of the President at an
        57 words
      • 65 2 THE Singapore Institute of Human Resource Management is holding its 4th Asia Pacific Human Resource Management Conference on May 29 and 30 here. The conference seeks to keep middle and senior management abreast of the latest human resource issues like regionalisation, organisational restructuring, human resource development
        65 words
    • 273 2 SINGAPORE will review its patent and copyright laws to comply with new regulations under the international agreement on Trade-Related Aspects of Intellectual Property Rights (Trips). The Minister for Trade and Industry, Yeo Cheow Tong, said yesterday that an interministry committee had been formed
      273 words
    • 311 2  -  By Shiv Taneja FRENCH insurance giant AXA Group plans to grow its recently acquired Singapore operation to at least eight times its current size over the next five years. The group also wants to be among the
      311 words
  • Page 2 Advertisements
    • 207 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service. The
      207 words

  • SOUTH-EAST ASIA
    • 479 3  -  ADB annual meeting From Anthony Rowley in AUCKLAND THE Asian Development Bank intends to boost its lending commitments in 1995 to US$5.3 billion (557.3 billion), reversing a sharp drop in new loan approvals last year, the bank's president, Mitsuo Sato, promised yesterday
      AFP  -  479 words
    • 323 3  -  Meeting focuses on financing Asia's infrastructure needs for the next decade Anthony Rowley AUCKLAND What the Asian Development Bank has called the "one trillion dollar question" whether there will be enough money available to finance Asia's huge needs for infrastructure building in the next
      323 words
    • 172 3 Reuter AUCKLAND The central People's Bank of China will address the issue of the nation's high inflation rate and strengthen ties with neighbouring financial markets, the bank's deputy governor Chen Yuan has said. "We will continue the financial reform exercises while addressing
      Reuter  -  172 words
    • NOTE BOOK
      • 70 3 AFP MANILA The United States said yesterday it would help find experts but play no direct role in the independent autopsy of a murdered Filipina maid that has sparked a diplomatic row between the Philippines and Singapore. "The US government has not
        AFP  -  70 words
      • 65 3 AFP AUCKLAND New Zealand police will not try to extradite an Indonesian cabinet minister accused of sexually assaulting an Auckland hotel waiter, a senior police official said yesterday. But Assistant Commissioner Brion (Brion) Duncan said police would keep their file on the minister open
        AFP  -  65 words
      • 47 3 AFP JAKARTA A list of companies violating minimum wage regulations will be released by Indonesia's Ministry for Manpower, a report here said yesterday. "We will announce the companies blacklisted late this month," Manpower Minister Abdul Latif said on Tuesday. AFP
        AFP  -  47 words
    • 292 3  -  From Ho Kay Tat in KUALA LUMPUR WESTMONT Holdings Bhd chief executive Joseph Chong Chek Ah has finally decided it would not do him any good to pick a quarrel with the media in his new role as a Member of
      292 words
  • Page 3 Advertisements
    • 163 3 KM M If. wi'w iXn M In Hie world of <ommuni<ations systems, we're here to help. Across Singapore, we are working in Japan, Taiwan, South Korea, Hong Kong, providing Intelligent Network services. close partnership with our customers to Thailand, Philippines, Malaysia, Indonesia The end-user is our first consideration. provide advanced
      163 words

  • CHINA/HONGKONG/TAIWAN
    • 287 4  -  Investments rose after business council was formed: Yeo By Schutz Lee SINGAPORE Singapore investments in the eastern Chinese province of Shandong totalled over US$l billion (551.39 billion) at the end of last year, an increase of almost six times since June, 1993. Trade and
      287 words
    • 367 4 AP HONGKONG A Western consortium announced yesterday it has won the contract to arrange international financing for a Chinese power generating project. Consultancy Price Waterhouse said the assignment, funded by the Asian Development Bank, could provide a "breakthrough in the
      AP  -  367 words
    • 408 4 AFP, Reuter TAIPEI Taiwan welcomed yesterday a US Congress resolution urging President Bill Clinton to allow the island's president to visit the United States. "We think allowing President Lee Teng-hui to visit the United States will help improve relations between Taipei
      AFP,; Reuter  -  408 words
    • 230 4  -  By S N Vasuki SINGAPORE The Shanghai factory of Showa Plastics Singapore will be formally opened next week. It will cater to the growing China market, the managing director of Showa Plastics Singapore, Teruyuki Nakagawa, said yesterday. The company has invested $13.09 million in
      230 words
  • CHINA WATCH
    • 98 4 AFP BEIJING China will not sacrifice economic stability for membership of the World Trade Organisation (WTO), Zhu Qizhen, vice-chairman of the Chinese parliament's foreign affairs committee, said yesterday, reiterating that Beijing must be granted developing nation status in the global trade body. He
      AFP  -  98 words
    • 78 4 Ar ORLANDO, Florida China and Taiwan tolerate huge counterfeiting operations that flood the world with bogus merchandise, costing legitimate companies US$2OO billion (*****.8 billion) in yearly losses, according to a new survey. Many of the profiteers are US-licensed companies carrying out back-door sales of production
      Ar  -  78 words
    • 82 4 AFP TAIPEI The government will allow 8,200 more foreign nationals to work in Taiwan to tackle the acute labour shortage, despite strong protests from workers' unions here, labour officials said yesterday. "The 8,200 can begin work here as soon as they go through official
      AFP  -  82 words
    • 64 4 Reuter TAIPEI Taiwan's economics ministry will auction off all of its shares in Chung Hwa Pulp in June to raise funds for the state treasury, an official said. The ministry, which currently owns 76.9 million Chung Hwa shares or 19.12 per cent of
      Reuter  -  64 words
    • 72 4 AFP HONGKONG The number of tourists visiting Hongkong rose 7 per cent to 2.26 million in the first quarter of 1995 from a year earlier, the Hongkong Tourist Association said yesterday. During the January-March period, tourists from China remained the largest group with 497,252, it
      AFP  -  72 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • ASIA
    • 720 6 New Zealand's drive for budget surpluses and anti-inflation policies paying off Bloomberg Business News WELLINGTON New Zealand's hard-nosed budget and anti-inflation policies are driving its dollar to parity against the Australian dollar for the first time ever, economist say. One New Zealand
      Bloomberg Business News; Source: Bloomberg  -  720 words
    • ASIA NOTES
      • 78 6 Bloomberg Business News SEOUL The Ministry of Finance and Economy yesterday said it would ease restrictions on foreign investment in stocks, effective from July 1. A 12 per cent ceiling on foreign stock investment in most Korean companies would be raised to 15 per
        Bloomberg Business News  -  78 words
      • 71 6 Reuter SYDNEY The commander of the world's biggest naval command, the US Pacific Fleet, yesterday dismissed the idea of an Asian arms race. On a visit to Australia, Admiral Ronald Zlatoper said the region's growing military might merely reflected economic progress. "It's only
        Reuter  -  71 words
      • 118 6 AFP PERTH, Australia Former Australian tycoon Alan Bond pleaded not guilty here yesterday to four charges of fraud relating to the purchase of a French impressionist painting. La Promenade by Edouard Manet. In the District Court, the America's Cup yachting star of a decade
        AFP  -  118 words
      • 86 6 AFP ISLAMABAD The Pakistani government has offered new tax concessions to the pharmaceutical industry to encourage domestic and foreign investment, officials said yesterday. Imports of raw materials would be exempted from duty and sales tax. Investors would pay a reduced import tax of 10 per cent
        AFP  -  86 words
      • 83 6 AFP SEOUL A fire fighter yesterday claimed officials tried to cover up their failure to prevent last Friday's disastrous gas explosion in the south-eastern city of Taegu, as the toll from the blast rose to 101. Han Chi Hwan of Songhyon Fire Station in
        AFP  -  83 words
    • 233 6 AFP TOKYO Japan's government has drafted a supplementary budget of at least 2.6 trillion yen (5543.4 billion) to help counter the yen's rise and to rebuild the quake-devastated Kobe area, a major daily said yesterday. The government on Tuesday decided on
      AFP  -  233 words
    • 328 6  -  From Florence Chong in SYDNEY AUSTRALIAN shares have emerged as the best performing investment in Australia over a 10-year period to February this year, according to a survey released yesterday. An investment in shares listed on the Australian stock market
      328 words
    • 488 6 AFP PYONGYANG The "Patriotic Chae Jong Rak" firm is a showcase for foreigners interested in putting their money in North Korea but the communist state makes it clear that it will only go so far in its flirtation with capitalism. Using machines from Japan
      AFP  -  488 words
  • Page 6 Advertisements
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      479 words
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    • 40 6 Financial News Kjil A Quick Look At The I Market I Call 24 hours a day for I SES KLSE midday I I reports, I market reports and business news. Cost: 30 cents a minute <*—* MRjllinr An SPH AudioTex Service
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  • THE WORLD
    • 443 7 Bloomberg Business News WASHINGTON US funding for international lending institutions such as the World Bank and the International Monetary Fund is under threat as Congress looks for spending cuts in an effort to balance the federal budget. There are
      Bloomberg Business News  -  443 words
    • 433 7 Bloomberg Business News WASHINGTON The US economy is in its best shape since John F Kennedy was president more than 30 years ago, Treasury Secretary Robert Rubin said. Mr Rubin said on Tuesday that the economy continues to grow
      Bloomberg Business News  -  433 words
    • 296 7 International Institute for Strategic Studies survey AFP LONDON Lacking strong leadership, the world was adrift in 1994, suffering a "pervading sense of impotence" that characterised international affairs, said a strategic survey published here yesterday. "The world appeared to be marking time,
      AFP  -  296 words
    • 147 7 AFP LONDON China's foreign policy is suffering the strains of vertiginous political, social and economic upheaval, according to the Strategic Survey 1994-1995 published here yesterday by the International Institute for Strategic Studies (IISS) "As China awaited the death of Deng Xiaoping, the
      AFP  -  147 words
    • 316 7 AFP LONDON Americans in 1994 were manifestly disillusioned with their president, and dissatisfied with the state of their country both at home and abroad, according to the 1994-1995 Strategic Survey published here yesterday. In November, they elected a Republican-dominated Congress opposed to President Bill Clinton's policies
      AFP  -  316 words
    • 49 7 Reuter OKLAHOMA CITY Flags marking rescue workers from around the US and the world who have been sorting through the debris of the Alfred P Murrah federal building here which was bombed on April 19. One hundred and forty-six bodies have been recovered. Reuter
      Reuter  -  49 words
    • 69 7 Bloomberg Business News LONDON The number of British companies going into receivership fell 39 per cent in April to a seven-month low as hotel failures dropped 55 per cent, according to a survey by accountancy firm Touche Ross. Company failures totalled 139 ia the month,
      Bloomberg Business News  -  69 words
    • 95 7 AFP WASHINGTON US President Bill Clinton asked Congress ott Tuesday for US$l42 million (S$ 197.2 million) in emergency money to fund counter-terrorism activities in the wake of the bomb attack in Oklahoma City, the White House said in a statement. Part of the funds would go
      AFP  -  95 words
    • 79 7 NYT WASHINGTON The Clinton Administration ended 35 years of special treatment for refugees from Cuba on Tuesday, announcing that it would start summarily returning Cuban boat people to their country after admitting a final group of about 20,000 now held at Guantanamo Bay Naval
      NYT  -  79 words
    • 97 7 AP WASHINGTON Countries that could try to develop nuclear, chemical or biological weapons may be refused access to sensitive technologies by one Western government, only to be granted them by another, says a study. The US, Britain, Japan and Germany list different countries as "sensitive"
      AP  -  97 words
    • 55 7 Reuter CAPE TOWN South African President Nelson Mandela, in a growing row with Zulu chief Mangosuthu Buthelezi, yesterday threatened to amend the constitution to enable financial sanctions against KwaZulu-Natal province. Mr Mandela accused Mr Buthelezi, home affairs minister in his cabinet, of using government funds to stir
      Reuter  -  55 words
    • 260 7 Knight-Ridder WASHINGTON A new government report does not come to any conclusion on the accuracy of the US consumer price index, but does reaffirm that an inflated CPI would have negative effects on the federal budget and on the formulation
      Knight-Ridder  -  260 words
    • 350 7 Los Angeles Times NEW YORK Top officials at the Port Authority are taking the first steps towards a potential sale of the World Trade Centre, whose sleek, twin towers are a symbol of commerce worldwide. George Marlin, the agency's new executive director,
      Los Angeles Times  -  350 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 125 8 The first Asian pulp paper producer to be successfully listed on the New York Stock E: k i ''v i v l;o v »H tM If K; A 1 >. vJ 1 v v > J AirMAß*. nBHSSr e f > 1 \f V 1 •;>*><■ «#> 1 V^:n^'! :"r.:u
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  • Page 9 Advertisements
    • 81 9 listed on the New York Stock Exchange. rT? "/""zrrr:::! ll» IK*« II hi H i »y t Tai 'r#TM I iTfl JI vJ I>l a-sinaw < wmmt < .xi.ih siitv;i«lKiii»-s .?WISHMiMI k KH HRRH RATULATIONS I I I I l$& I I tt&i i ■<#,1 /.V 'A 1 I iT.V
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  • SPORTS
    • 859 10 America's Cup AFP SAN DIEGO. California They may be competing in the same race, but the rivals in America's Cup XXIX look quite different. Team New Zealand's challenger features a glossy black hull that has led to the boat's nickname: Black Magic. The
      AFP  -  859 words
    • 141 10 AFP WELLINGTON A piece of America's Cup bad luck attributed to a member of the New Zealand yachting challenge failing to wear his lucky red socks has turned into a marketing boom here, backers of the challenge said yesterday. Team New Zealand
      AFP  -  141 words
    • 520 10 Reuter KINGSTON, Jamaica Steve Waugh has been badly hurt on the Australian cricket tour of the Caribbean. But it is not the dark blue bruising around his left wrist or the swelling around his right elbow where he has been struck wincing blows by
      Reuter  -  520 words
    • 354 10  -  From Michael Karem in LONDON I AM old fashioned enough (or perhaps just plain old enough) to believe that "body language" is a concept which has no place in the real world of professional sports. But not so Raymond Illingworth,
      354 words
    • SIDE LINES
      • 78 10 AFP SAN FRANCISCO Baseball fans cheering on Los Angeles Dodgers pitcher Hideo Nomo on Tuesday as he made history as the first Japanese in three decades to play in the major leagues. Nomo allowed only one hit and struck out seven batters in five scoreless innings
        AFP  -  78 words
      • 88 10 Reuter MUNICH A weary Boris Becker stumbled out of the Munich Grand Prix in the first round on Tuesday, beaten by 20-year-old compatriot Hendrik Dreekmann. Top seed Becker went down 5-7 6-2 6-2, two days after being defeated by Austrian Thomas Muster in the
        Reuter  -  88 words
      • 115 10 AFP TOKYO Japan gave a World Cup warning to Wales, Ireland and New Zealand when it scored five tries to overwhelm Romania 34-21 in a rugby Test match yesterday. "The victory gives us a kick to go into the World Cup. We will face
        AFP  -  115 words
      • 85 10 AP VLADIVOSTOK Japanese teams have decided to quit the Russian Rally-95 road rally in Russia's Far East following the death of a Japanese competitor, the Itar-Tass news agency reported yesterday. Hideki Otawa, 54, died after suffering severe chest injuries when the Mitsubishi Pajero in which
        AP  -  85 words
    • 329 10 NBA playoffs uri NEW YORK Almost single-handedly, Charles Barkley saved himself on Tuesday night from a last-minute run to some Portland store. Barkley erupted for 47 points and 12 rebounds, propelling the Phoenix Suns to a sweep of the first-round NBA playoff series with a
      uri  -  329 words
    • SCORE CARD
      • Article, Illustration
        42 10 NEW YORK NBA Ist rd playoffs Tuesday Eastern: Atlanta 89 Indiana 105 (Indiana wins best-of-five scries 3-0); Chicago 103 Charlotte 80 (Chicago leads 2-1). Western: Denver 95 San Antonio 99 (San Antonio wins 3-0); Portland 109 Phoenix 117 (Phoenix wins 3-0).
        42 words
      • Article, Illustration
        90 10 CHARLOTTE, North Carolina Tour DuPont 223.70 km sixth stage from Galax, Virginia, to Charlotte, North Carolina on Tuesday: 1 Franck Jarno (Fra) AKI shrs 2lmins 2sccs 2 Robbie McEwcn (Aust) amateur, same time 3 JeanPierre Heyndcrickx (Bel) Collstrop s.t. 4 Adriano BafTi (Ita) Mapci s.t. 5 Massimo Strazzer (Ita)
        90 words
      • Article, Illustration
        34 10 TOKYO Test match Wednesday: Japan 34 (Tries: Yoshihito Yoshida. Akira Yoshida. Sinali Latu, Lopcti Oto. Sioni Latu. Con: Yoshida 3. Pen: Yoshida) b Romania 21 (Pens: Nicolae Nichitean 5. Drop goals: Nichitean 2.
        34 words
      • Article, Illustration
        304 10 MUNICH U*****,000 Grand Prix tournament Ist rd Monday: 7Bcrnd Karbacher (Ger) b Ccdric Pioline (Fra) 6-2 6-2; Oliver Gross (Gcr) b Jordi Burillo (Spn) 7-5 5-7 6-1; 4-Waync Ferreira (SA) b Daniel Vacek (Czc) 6-4 6-2; 5-Stefan Edberg (Swe) b Patrick Rafter (Aust) 7-6 (7-2) 6-3; Renzo Furlan (Ita)
        304 words
    • 762 10 Rugby World Cup Reuter TOKYO Japanese are used to battling the odds in international rugby but. even by their own standards, their build-up to this year's World Cup has posed a unique set of problems. The huge earthquake which struck the Osaka-Kobe area
      Reuter  -  762 words

  • INNOVATION & TECHNOLOGY
    • 621 11  -  David Mok learns how Gintic can provide an R&D lifeline for SMEs David Mok Many small and mediumsized manufacturing firms in Singapore are in danger of losing business to more technically sophisticated companies overseas. For such firms, hope may well be spelt
      621 words
    • 294 11 UPI A PORTABLE electrical device that enables some paraplegics to stand and walk short distances has gotten the green light from the federal government, US researchers reported on Monday. The Parastep System invented by Daniel Graupe. professor of electrical engineering and computer science at
      UPI  -  294 words
    • IN TAKES
      • 75 11 SINGAPORE NEC Corporation has announced a new garbage recycling system that is said to improve current recycling volume by up to 90 per cent and reduce garbage processing cost by half. The system, called Pendulum, can handle both small (500 kg to 1 tonne per day)
        75 words
      • 81 11 SINGAPORE The new Lane Crawford building here is among several in Asia that have used new simulation techniques to test their high-rise facades against gale-force rains and winds. The techniques, developed by Australian firm Vipac Engineers and Scientists, are based on methods that simulate a wide
        81 words
      • 59 11 UPI ST LOUIS. Missouri The longest follow-up to date of 1970s bypass surgeries shows that survival improved for many, but not all. heart patients with badly blocked arteries. Overall, surgery beat medical therapy at improving 15-year survival among more than 2.000 patients, says Dr Eugene
        UPI  -  59 words
      • 52 11 Bloomberg Business News TOKYO Electronics conglomerate Hitachi Ltd will start selling satellite photographs for use in car navigation systems and disaster prevention computer software, the Nihon Keizai newspaper said. Hitachi recently bought a 12.35 per cent stake in Earth Watch, a US satellite operator. Bloomberg
        Bloomberg Business News  -  52 words
      • 71 11 AP WASHINGTON Fewer elderly Americans are losing their teeth, and the day when grandpa has to leave his teeth in a bedside glass at night is disappearing, researchers. say. Dental science has advanced so far. so rapidly, that most of the "fluoride generation" can expect
        AP  -  71 words
  • THE LAW PAGE
    • 1143 11  -  R Chandra Mohan explains the salient features of the revised Bankruptcy Bill R Chandra Mohan The writer is a lawyer with Rajah Tann The bankruptcy regime in Singapore will soon be governed by a new set of provisions laid out in the revised Bankruptcy Bill
      Dollars & Nonsense  -  1,143 words
    • 445 11  -  AT THE By Ramesh Divyanathan Hongkong lawyers will find it harder to claim ignorance about professional rules of conduct following the recent publication of a set of guidelines. Singapore's lawyers too, will soon have a uniform body of rules
      445 words
  • Page 11 Advertisements
    • 49 11 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words

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    • 354 12 VIETNAM ITS AS SENSATIONAL AS YOU IMAGINED IT TO BE 17 April 6 May 1995 Dont' just imagine. Come experience the most sensational of Vietnam in Cafe Plaza. Serving a Vietnamese lunch and dinner buffet at $19 (Adult) 2 (Child). A la carte Vietnamese available at Seafood Theatre irant. Plus
      354 words
    • 279 12 Celebrating Fish Let's drink to fish. Bouillabaisse or Tom Yam? Top of the H celebrates fish with a lunch buffet of every imaginable fish recipe. Salmon, sole, snapper, sea bass... if it can be caught, it can be cooked. And we know all the delicious wags. Continental or Oriental style.
      279 words

  • LIFESTYLE
    • 599 13  -  Singaporeans have another chance to savour the award-winning Coming into Passion, says Claire Leow Claire Leow THEATRE-goers, take note. The acclaimed performance Coming into Passion: Song for a Sansei by Asian-American actress, Jude Narita, is returning to Singapore stage tomorrow and Saturday. Last run
      599 words
    • 234 13 CHATTERBOX AP. UPI UPI AP MAYBE something was lost in the translation. Kevin Kline said he got a rude surprise when he met his French Kiss co-star, Meg Ryan. "I'd seen her work and I thought she was nice and pleasant and attractive." He
      AP.; UPI; AP  -  234 words
  • Page 13 Advertisements
    • 401 13 WHERE TO WINE, DINE AND ENTERTAIN rug? fjffAjUi Jfoaters g OF®! Olde English Eating House Jl* jr 4 Til Orchard Rd #02-38 Specialists' Centre Singapore (0923) A LUNCH SPECIAL B S Steak m Mushroom Pie H 3 Valid Mon-Fri except Public Holiday Ite DEVONSHIRE CREAM TEA B (Served from 3pm-6pm)
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    • 14 13 See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts j>
      14 words
  • Page 13 Miscellaneous
    • 484 13 7 Gather orchard produce is to be made available again (8) I I I I I I I T ***** 9 Love to meet, so it's said (6) 1H 10 Very early bird has a point JML_fIL-JHi 11 Explains badly re-set print 12 Face a man of learning after 14
      484 words
    • 746 13 I TV RADIO |MW ill [M The Art of Conducting, 10.30pm, ch film examples great conductors work, to us the Footage conductors, from Arthur Nikisch (1916) to Leonard Seiji Ozawa Conducts Boethoven, 11.30pm, Ch /j chance Japanese conductor Seiji Ozawa's technique as he and the Boston v Symphony Orchestra are
      746 words

  • 497 14 EDITORIAL THE Singapore dollar has strengthened almost 5 per cent against the greenback so far this year more than any other Asian currency barring the yen. There is no telling how the trend will develop in the coming months. It may be that this
    497 words
  • WHAT THE OTHERS SAY
    • 268 14 IT MAY well be that a power struggle sealed the fate of Chen Xitong, who resigned as the Chinese Communist Party's Beijing chief last week. He was rumoured to be manoeuvring against President Jiang Zemin. However, it is more likely that his disgrace was foreshadowed in
      268 words
    • 145 14 SINGAPOREANS have reason to be happy with the latest Beri report that puts the country in the developed category. If the report can be -a yardstick, it shows that Singapore has achieved vision 1999 four years earlier than the target date. But achievement is one thing,
      145 words
    • 124 14 AMERICAN Trade Representative Mickey Kantor cited Indonesia as one of the countries which has markedly improved copyright protection, thereby escaping a special review on possible US trade sanctions. It was, we think, simply a coincidence that three days before Mr Kantor's annual report to Washington, State Secretary/Minister Moerdiono
      124 words
    • 190 14 JUST 10 years ago, workers in this country would have balked if anybody had dared to suggest they were a fortunate lot. The mid-1980s recession had robbed the people of thousands of jobs and denied thousands more of employment opportunities and much needed income. Among
      190 words
    • 226 14 THE 20th anniversary of the end of Vietnam War was marked by Vietnam and the US in separate commemorative ceremonies last Sunday. During the 21-year conflict, the US sent over two million soldiers, spent US$25O billion (SS3SO billion) and sacrificed 58,000 American lives. But these
      226 words
    • 130 14 IT IS a stroke of coincidence that the world's most comprehensive annual report on terrorism has just been released. The US State Department's dossier on international terror is wide-ranging, objective and informative. But it also indicates how unpredictable this scourge has become. Two nations are conspicuously
      130 words
  • 983 14  -  The power play for one of Australia's biggest TV networks beats any mere soapie. And this one will run and run. reports Peter Lynch Peter Lynch The writer is a Sydney-based journalist who contributed this article to BT THEY are already calling it the Siege of Seven.
    983 words
  • Page 14 Advertisements
    • 173 14 1 f *>,- I :>£ I V Asia-Pacific Ls the world's fastest growing economic region, yet less than 3% of total IS and 8% of European pension funds are invested in Asia outside Japan. Ym The scope for investment is massive and opportunities for investors are constantly developing as the
      173 words
  • Page 14 Miscellaneous
    • 79 14 (gOftgKAn Cl CM FLVtf I Fiy/.'f HFVS SeeN STpvKirJG J J HP»r B«2D AU- MOVING 1>W'S J \v 7=: v &OING ON IT'S UtS LATEST k HPJf thinks ujmu p> *W.lw J 1 S5&&&SS&? j7srW£&S?fr w V** ir nc."=> KJlarr IJ c AMOCIATVO NCVWCRI LTD tM3-14M v< a, 9431 DOONESBURY
      79 words

  • ANALYSIS
    • 1397 15  -  Problems such as the peso crisis and tensions with Japan belie the apparent success of Washington's trade diplomacy. And lawmakers can put a spoke in the wheel by not renewing the president's fast-track negotiating authority, writes Leon Hadar Leon Hadar The writer is
      1,397 words
    • 958 15  -  It has set back profit recovery, reports Jonathan Standing Jonathan Standing Bloomberg Business News ALL THOSE eager new college graduates will receive some bad news when they get to their first jobs at Hitachi and Matsushita: their salaries have been
      Bloomberg Business News  -  958 words
  • Page 15 Advertisements
    • 39 15 V m. m M M ml.-'" mH[H"LH nfO cH% flflk tt&Jrv* n t ..*V'.- IV e Soulful, shimmering, sensual. Cool Jazz and smooth vocals. With shades of blues. Nightly from 8.45pm. Monday to Saturday foffles Gty. Tet: 431 6156
      39 words

  • 576 16  -  By Yang Razali Kassim SINGAPORE It's official. The first-ever Asia-Europe summit of leaders, first proposed by Singapore Prime Minister Goh Chok Tong, will take place in March in Bangkok. And it is likely to adopt the format of Apec or the Asia-Pacific
    576 words
  • 295 16 AP HONGKONG A newspaper sent fresh jitters through Hongkong with a report yesterday that China is seeking to curb the powers of the court that will safeguard Hongkong after it returns to Chinese rule in 1997. Legislators expressed concern, and
    AP  -  295 words
  • 257 16 Bloomberg Business News BEIJING The new chairman of China's largest steelmaker, Shougang Corp, scrapped US$l.2 billion (551.67 billion) worth of his disgraced predecessor's projects to raise cash desperately needed for new steel-making equipment. Bi Qun, formerly vice-min-ister of China's Metallurgical Industry, stopped
    Bloomberg Business News  -  257 words
  • 453 16 Reuter, UPI AP, Bloomberg Business News BEIJING Visiting Japanese Prime Minister Tomiichi Murayama stopped short of apologising for Japan's eight-year war of aggression against China yesterday but called for "deep introspection" over his country's past. "In the past, Japan has inflicted great
    Reuter,; UPI; AP,; Bloomberg Business News; Reuter  -  453 words
  • 235 16 AP VANCOUVER, British Columbia Prospects for a breakthrough in long-stalled car talks between the US and Japan appear bleak with the two countries at loggerheads over a key point. The issue is whether Japanese carmakers should commit to extending their three-year-old
    AP  -  235 words
  • 321 16 Bloomberg Business News, AFP WASHINGTON The index of leading indicators, a key gauge of future US economic activity, fell for the second consecutive month in March as consumer demand slowed, the US Commerce Department reported yesterday. The index, intended to predict
    Bloomberg Business News,; AFP  -  321 words
  • 736 16  -  The Bottom Line SN VASUKI SN VASUKI a The writer is a BT senior correspondent specialising in regional infrastructure CHINA'S policy-makers are sending conflicting signals about their attitude towards nuclear power. While senior officials are reassessing it after the temporary shutdown of
    736 words
  • 397 16 The Straits Times JAKARTA Indonesian Research and Technology Minister B J Habibie, seen as a leading contender to succeed President Suharto, has effectively backed the Indonesian leader's continued tenure after 1998 for a record seventh consecutive five-year term. He told
    The Straits Times  -  397 words
  • 158 16 Reuter WASHINGTON Two leading congressional Democrats yesterday introduced a Bill to give the president authority to slap trade sanctions on countries that impose barriers on US goods. "The president needs new tools to open up markets in Japan, in China, in Germany
    Reuter  -  158 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • 637 17  -  Annual report tips steady income from property trading operations By Lee Han Shih SINGAPORE DBS Land, which posted a record profit last year through the sale of residential property, says it has enough projects in hand to ensure "steady (property) trading income
      637 words
    • 261 17 SINGAPORE US-based computer maker Advanced Logic Research, an associate company of WBL Corp, has reported a net profit of US$l.7 million (552.36 million) for the six months to March 31. Although net earnings in the previous first half were positive at $814,000,
      261 words
    • 313 17 MBT KUALA LUMPUR Lien Hoe Corp Bhd is planning to capitalise on low property prices in Australia to make its first foray into the foreign property market. Managing director Chan Wah Long said the company is entering the Australian property market by acquiring
      MBT  -  313 words
    • 791 17  -  HOCK LOCK SIEW By William Chia SINGAPORE Deciding whether to invest in Indonesia's banking sector is a tough call to make for any investment manager. Ever since the Indonesian banking industry was deregulated in 1988 under a major
      791 words
    • 321 17  -  By Lee Han Shih SINGAPORE The takeover of Singapore-listed Metal Containers Ltd (MCL) by the Lion group of Malaysia has been delayed again to November or perhaps later. MCL yesterday sought suspension of trading in its shares and announced modified conditions for the
      321 words
    • 124 17 MBT KUALA LUMPUR Sri Hartamas Corp Bhd, with all of its proposed acquisitions to be completed next month, is all set to return to the black by year-end. Projecting profit of about MS4B million (Ss27 million) for the year ending Dec 31, 1995,
      MBT  -  124 words
    • EYE on your STOCKS
      • Article, Illustration
        51 17 Mixed Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities. Daiwa. Fraser. GK Goh. Kay Hian, Morgan Grenfell. Ong Co. Nomura. Phillip. Smith New Court. WI Carr and S G
        51 words
      • Article, Illustration
        107 17  -  By Quak Hiang Whai IT IS not surprising that Singapore Airlines Foreign enjoyed such strong interest yesterday, chalking up 1.6 million shares. The stock has traded to immediate support of $13. Its next support is at $11.80 but that will not be tested given the current overwhelming oversold
        107 words
    • COMPANIES
      • 437 18  -  From Loh Hui Yin in BANGKOK WHERE there's wealth, there's bound to be a desire to own that symbol of success a Mercedes-Benz car. And based on that school of thought, an enterprising Singapore firm has set up a
        437 words
      • 251 18 Bernama KUALA LUMPUR KFC Holdings (M) Bhd has achieved record sales and profits for the first three months this year despite the company's boardroom tussle. Chief executive officer and managing director George Ting told reporters after the launch of "KFC Chicken
        Bernama  -  251 words
      • 351 18  -  From Ruth Wong in KUALA LUMPUR TELECOMMUNICATIONS firm Technology Resources Industries Bhd (TRI) reported a 316 per cent surge in earnings to M 5162.26 million (SS92 million) for the 1994 financial year ending Dec 31 from 1993's M 538.97 million. Earnings per share
        351 words
      • 139 18 Land General in US$108m Indon timber complex deal AFP KUALA LUMPUR Diversified Malaysian company Land and General Bhd yesterday sealed a US$lOB million (S$ 150.1 million) deal to acquire a major stake in an integrated timber complex in Indonesia in a move to bolster its timber division. Land and General
        AFP  -  139 words
      • 195 18 MBT KUALA LUMPUR RJ Reynolds Bhd (RJR), currently flush with cash, will continue to build on opportunities in to-bacco-based products to improve its position as the second largest cigarette company in Malaysia. Chairman Azmi Wan Hamzah said RJR will continue to exploit opportunities
        MBT  -  195 words
      • 570 18 Maaagar*' picas May 4 Mendalu Gr Fund 0.97 I .OQfi linirmnrf Unit TmU us Gr Fund o« 103® The Commerce 1.58 1.67 DOB Asset Mgt Ltd The Savings Fund 1.43 1.51 l nifund 133 139 S'pore Prog Fund 0.57 0.61 Unibond 1.03 I.OS5 S pore See Fund 0 94 100
        570 words
      • 452 19 Bloomberg Business News HONGKONG The Stock Exchange of Hong Kong suspended trading in the shares of Win Win International Holdings Ltd yesterday, for the second time in less than a week, after learning that its vicechairman is an ex-convict. Shares
        Bloomberg Business News  -  452 words
      • 245 19 Bloomberg Business News HONGKONG Shenzhen China Bicycle Co, China's leading bicycle exporter, said its net profit fell 27.4 per cent in 1994 due to increased barriers in international markets. The company reported net profit after tax and payments to minority
        Bloomberg Business News  -  245 words
      • 266 19 China Resources' net profit jumps 76% to HK$185m Bloomberg Business News HONGKONG China Resources Enterprise Ltd, a Chi-na-controlled investment company, said 1994 net profit rose 76 per cent thanks to its warehouse and cold storage division. Bolstered by a 27 per cent rise in profit from the company's storage division,
        Bloomberg Business News  -  266 words
      • 432 19 Reuter BEIJING The new chairman of China International Trust and Investment Corp (Citic) said yesterday that Beijing's overseas flagship would scale back investment to focus on a few major projects. "We hope to reduce projects and the scope of investment which is
        Reuter  -  432 words
      • COMPANY BRIEFS
        • 67 19 Bloomberg Business News HONGKONG Printing machinery seller Dah Bang (Holdings) Ltd yesterday said its net profit fell 23.91 per cent to HK526.76 million (SS4.B million) in the year ended Dec 31, 1994, down from HK535.17 million the year before. Controlled by Chen Da Yun and
          Bloomberg Business News  -  67 words
        • 73 19 AFP SEOUL South Korea s Samsung Electronics Co has agreed on the joint production of liquid crystal display (LCD) driver integrated chips (ICs) with Japan's Toray, a company spokesman said yesterday. Samsung s partnership with Toray, a major player in new materials, is designed
          AFP  -  73 words
        • 96 19 Bloomberg Business News EINDHOVEN, Netherlands Philips Electronics NV said it expects Asia to generate 25 per cent of its total sales in 1998, compared with last year's 15 per cent. According to a company spokesman on Tuesday, chairman Jan Timmer told shareholders
          Bloomberg Business News  -  96 words
        • 67 19 Bloomberg Business News NEW YORK American Express Co green-card holders who switch their long distance service to MCI Communications Corp will get a credit equal to their annual fee. The offer is MCl's latest bid for Americans' long-distance dollar, and follows a promotion by
          Bloomberg Business News  -  67 words
      • 209 19 Reuter LONDON Tobacco and insurance group BAT Industries pic yesterday said pre-tax profit in the first quarter of 1995 hit a record £498 million (551.12 billion), up from £420 million a year earlier. The company said the results were very encouraging and
        Reuter  -  209 words
      • 435 20  -  From Neil Behrmann in LONDON SWISS Bank Corp has emerged as the leading candidate to acquire the investment banking business of Warburg Group pic and if the bid succeeds, the merger will create one of the top European investment banks, analysts said. Swiss
        435 words
      • 121 20 AP NEW YORK Viacom Inc posted a profit for the first quarter in contrast to a loss a year ago, citing strong performances from its Paramount movies, Blockbuster video rentals and MTV cable network business. For the three months ended March 31, the company earned U5556.2
        AP  -  121 words
      • 78 20 AFP NEW YORK (Left to right) Yoko Ono, North American general manager of EMI Records Terri Santisi, chairman of the American Foundation for Aids Research (AmFar) Mathilda Krim and Charles Koppelman, chief executive officer of EMI Records North America posing for a cheque for US$lOO,OOO
        AFP  -  78 words
      • 270 20 FT LONDON One of the greatest clifThangers in recent advertising history was resolved on Tuesday night as British Airways announced it had awarded its £60 million (*****.4 million) global advertising account to Maurice Saatchi's New Saatchi agency. The win propels Mr Saatchi
        FT  -  270 words
      • 156 20 NYT NEW YORK Despite a continuing struggle with sluggish same-store sales in its restaurant businesses, Pepsico Inc posted strong first quarter earnings on Tuesday. The result exceeded Wall Street analysts' estimates and drove the stock price up US$l (551.39) to its highest level in
        NYT  -  156 words
      • 438 20 Reuter MELBOURNE Rupert Murdoch's global media conglomerate. the News Corporation Ltd. announced a 13 per cent surge in third quarter profits yesterday as its television. US publishing and newspaper businesses made strong gains. As the result was above forecasts.
        Reuter  -  438 words
    • FINANCE & COMMODITIES
      • 485 21  -  By Chew Farn Chyi SINGAPORE HongkongBank's new chief Connal Rankin has reiterated chairman William Purves' strategy for the HSBC group to increase its retail presence in the Philippines, Vietnam, Myanmar and Thailand by the end of the year. When asked what was in
        485 words
      • SMALL CHANGE
        • 73 21 Bloomberg Business News HONGKONG People's Bank of China, the country's central bank, has given permission to five foreign banks to open branches in Beijing, the Ming Pao Daily News reported yesterday. The five are Hongkongßank, Citibank, Nanyang Commercial Bank, Bank of Tokyo and
          Bloomberg Business News  -  73 words
        • 76 21 Knight-Ridder HONGKONG Hongkong's Standard Chartered Bank has reduced interest rates on mortgages of more than HKSS million (S$898,000) in a bid to strengthen its competitiveness, the Ming Pao Daily Ne*s reported yesterday. The Chinese-language newspaper quoted lan Wilson, StanChart general manager (Hongkong and China),
          Knight-Ridder  -  76 words
        • 31 21 Reuter HONGKONG The Bank of East Asia yesterday said Fung Man Yet resigned as an executive director of the bank, effective from last Monday. Reuter
          Reuter  -  31 words
        • 75 21 Bloomberg Business News TOKYO The Ministry of Finance plans to keep a closer eye on Japan's banks, the Jiji press reported on Tuesday. Besides its regular three-yearly inspection, the ministry will carry out additional checks on banks to keep better track of their
          Bloomberg Business News  -  75 words
        • 62 21 Bloomberg Business News AMSTERDAM Internationale Nederlanden Groep NV said on Tuesday that it will pay a final stock dividend of one new share for every 40 shares held. The banking and insurance company planned a total cash dividend of 3.75 guilders (553.38). ING paid a cash
          Bloomberg Business News  -  62 words
      • 310 21 AFP KUALA LUMPUR Malaysia's top banking official has invited the world's best banks to set up business on the eastern Labuan island to turn the tiny offshore financial centre into the biggest in the region, a report said yesterday. Labuan
        AFP  -  310 words
      • 301 21 Reuter TAIPEI Taiwan's foreign exchange market recorded a huge 71 per cent surge in turnover in March and officials and dealers said it is likely to maintain double digit growth on the back of continuing economic reforms. The government is try ing
        Reuter  -  301 words
      • 331 21 AFP MELBOURNE The Australia and New Zealand Banking Group Ltd (ANZ) announced yesterday it will cut 1,250 jobs to save "tens of millions" of dollars. Chief executive officer Don Mercer said the restructuring, which comprised a series of projects designed to improve
        AFP  -  331 words
      • 421 22 Exchange also hopes to boost interest in its existing tuel oil futures Reuter SINGAPORE While gearing up to launch Brent crude oil futures in June, the Singapore International Monetary Exchange (Simex) is seeking to boost interest in its existing fuel oil futures, trade sources
        Reuter  -  421 words
      • 263 22 Reuter NEW YORK An improved performance in March has put Commerzbank AG on track for higher operating profits in 1995 compared with 1994, chairman Martin Kohlhaussen told Reuters following a press meeting in New York. At the end of March, Mr Kohlhaussen
        Reuter  -  263 words
      • 339 22  -  The metal now nearly a third down from its highs in January From Neil Behrmann in LONDON NICKEL prices have fallen sharply in recent months because world production of the metal, which is used for making stainless steel, is rising. Prices have
        339 words
      • 82 22 AFP ANGELOPOLIS, Columbia Conrado Bon ilia, 16, dragging a 59kg sack of coal up the narrow shaft of a mine here. Conrado, one of about 200 child miners working in Angelopolis, has been his family's main provider since his father left home four years
        AFP  -  82 words
      • 396 22 Palm Oil Weeks to be held in Pakistan, S'pore, Australia Reuter KUALA LUMPUR Malaysia, predicting a boom in global demand for edible oil, will launch an aggressive palm oil marketing campaign this month, the head of the Malaysian Palm Oil Promotion Council (MPOPC)
        Reuter  -  396 words
      • 201 22 Reuter SINGAPORE China, making a fresh comeback to the Asian rubber market after a long lull, bought 600 tonnes of Indonesia's SIR2O rubber FOB Belawan at 71 US cents (98.6 S cents) a pound, Singapore traders said. They said
        Reuter  -  201 words
      • 240 22 FT LONDON An aluminium glut caused by a surge in exports from Russia, which threatened to bankrupt much of the Western industry, has come to an end, according to the London Metal Exchange. The exchange, the world's leading metals market, reported on Tuesday
        FT  -  240 words
      • 274 22 ENERGY REPORT Reuter SINGAPORE At a time when Western refiners are enjoying better profit margins ahead of the peak summer fuel demand, refiners in Asia are languishing from poor returns due to sluggish sales, industry sources said yesterday. "Reforming margins are barely
        Reuter  -  274 words
      • 202 22 Reuter LONDON The dollar was holding its own against the mark and yen in Europe above earlier lows seen as the markets awaited the high-level US-Japa-nese car talks. "There's still a bit of dollar negativeness in Europe with the strength of the mark," an economist said. "And with
        Reuter  -  202 words
      • 87 22 AFP NEW YORK The dollar was mixed in quiet early trading yesterday with little to push the impetus one way or the other. At 1355 GMT, the greenback was at 1.3762 marks against 1.3780 at Tuesday's close and at 83.32 yen against 83.55 yen. Earlier in London, the
        AFP  -  87 words
      • Article, Illustration
        1541 22 Irodm righted index copulated against Spore's lap 14 trading partners Base year 198} US$/S$ forward rates Noon /May 3 s$ Bid Offer 1-month ***** I 3854 2-month 1.3791 ***** 3-month 1.3744 1.3759 6-month 1.3624 1.3644 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 2 Singapore dollars to
        1,541 words
    • COMMODITIES & FUTURES
      • 1300 23 SIMEX REPORT SINGAPORE Simex Euroyen and Eurodollar futures finished slightly firmer but trade was very thin over Japan's Golden Week holidays, dealers said. The market focused on the weak dollar against the yen which pushed up the Euroyen futures, they added. The lead December
        1,300 words
      • 645 23 COMMODITY REPORTS Rubber KUALA LUMPUR: Malaysian rubber prices ended marginally down, although there were some fresh buying orders from foreigners after a long absence, dealers said. "The market saw some fresh buying interest from the Europeans and Chinese mostly for SMR grades," a dealer
        645 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 55 23 BANGKOK Thailand's 1995-96 (Nov-Oct) sugar cane crop is set to top this year's record high harvest of at least 50 million tonnes, the industry says. But prices for the crop are unlikely to match this year's highs, which couid result in a
          55 words
        • 69 23 HONGKONG China is preparing to import zinc from the world market because of high domestic prices. China's domestic zinc prices remain above international prices due to soaring inflation and the high cost of intermediate zinc concentrates. The country has traditionally been a net exporter of
          69 words
        • 102 23 LONDON World producer zinc stocks totalled 319,600 tonnes in March 1995, down 100 tonnes from an upwardly revised 319,700 tonnes in February and down 112,800 tonnes from 432,400 tonnes in March 1994, European Zinc Institute (EZI) figures show. London Metal Exchange stocks at the end
          102 words
        • 92 23 SYDNEY Australia's 1995-96 (July-June) raw sugar production estimates will decline slightly over the next few weeks unless there is further rain, a Queensland Sugar Corporation official said yesterday. He said that while there had been good rainfall over parts of the sugar cane region along the
          92 words
    • 1442 23 SICOM Futures May 3 Rubber Physical Pric«t (futures dosing at at 5.30p«) Buyers j RSS1 Contract (Scents/kg) JU at 12 mm (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest RSS 2 Jun 95 247.00 248.00N jun 246.00 246.00 251.50 2800 1225 RSS 3 Jun 95
      1,442 words
    • REGIONAL STOCK MARKETS
      • 1065 24 11.3 A RALLY on Australian bonds and a strong performance by media group News Corp helped the local bourse close firmer. The All Ordinaries Index closed at 2,037.6 points, up 11.3. The All Industrials rose 18.9 to 3.031.3 while the All Resources edged up 5.4 to 1,288.7. Turnover was
        1,065 words
      • 598 24 -3.58 In the Philippines, the benchmark stock index fell for a sixth day as gains by SM Prime Holdings and Philippine National Bank failed to offset a decline by Petron Corp and Ayala. The PSE Composite Index fell 3.58 points to 2,444.58. Trading reached 717.1 million pesos, compared with
        598 words
      • 586 24 +7.87 Taiwan stocks rose for the first time in five days as investor attention shifted from political manoeuvring in China to corporate earnings, analysts said. "It seems to be very quiet in Beijing," said a dealer. "After the big drop recently, investors are looking for companies that are relatively
        586 words
      • 471 24 14.69 South Korean stocks soared for a seventh day after the government said it will ease regulations on foreign stock investment from July 1. The Ministry of Finance and Economy said a 12 per cent ceiling on foreign stock investment in most Korean companies will be raised to 15
        471 words
      • 340 24 -7.84 Shares fell for the third successive day amid concern over the effect of a strengthening New Zealand dollar and high interest rates on corporate earnings. Investors are waiting for annual earnings reports from leading companies in the next few weeks for an indication of how badly business
        340 words
      • 66 24 +54.18 Stocks rose as investors bid up shares they thought Tuesday's 4 per cent decline had made relatively cheap, traders said. "Prices have come down drastically," said a broker. "There are good stocks available at good prices." The BSE Index, which tracks 30 major stocks on India's largest exchange,
        66 words
    • WORLD STOCK MARKETS
      • 650 24 14.4 SHARE prices closed firmer, bolstered by a doubledigit rise on Wall Street on bullish economic data. Traders said investors were wary about chasing prices against the recent background of takeover fever ahead of the UK authorities' monetary meeting on Friday which could result in a rate-rise and US
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      • 171 24 +28.15 French stocks tracked bonds higher as investors bet that a televised debate on Tuesday night between the two presidential hopefuls left Jacques Chirac on course to win Sunday's election. "People are drawing conclusions from yesterday's debate," said a trader. "It seems Chirac didn't come out of it too
        171 words
      • 224 24 -7.24 German shares close bourse trade lower on profit-taking in line with a weaker dollar and lower-than-expected 1995 first quarter earnings at Schering AG. Losses were pared but dealers still sec a possible DAX decline to 2,000 in the near term. They said the market was sceptical about dollar
        224 words
      • 211 24 11.10 Belgian stocks rose for the 10th day as signs the dollar is stabilising prompted speculation of higher earnings. The Bel-20 index rose 11.10 points to 1,445.86, its highest close since Sep 12, 1994. Fifteen stocks rose and two fell. Companies with dollar earnings led the advance as they
        211 words
      • 169 24 -52 Italian stocks closed lower, halting a four-day rally, after a union leader said there were obstacles to an agreement with the government on reforms to Italy's pension system. Pension reforms are essential to reducing the budget deficit, which would cut the government's borrowing requirements and in turn lead
        169 words
      • 182 24 1.09 Swedish shares gained for a 10th session, reaching a 15month peak, as bonds rallied and LM Ericsson surged to an all-time high for a second day. Bond yields fell after the Swedish National Debt office said its auction of fiveyear and eight-year bonds was subscribed by 306 per
        182 words
      • 271 24 ■2.8 Swiss shares ended little changed on moderate volumes. Dealers said basic sentiment was optimistic and the outlook positive. Gains in Swiss bond futures a firmer opening on Wall Street supported share prices in late trading. The SMI index of leading shares closed down 2.8 points to 2,618.6. while
        271 words
      • 346 24 127.0 South African industrial and financial shares attracted good local and offshore interest to end sharply firmer in steady trade. Golds were slower with a lacklustre bullion price. Dealers said interest was evident from local institutions as firmer world markets and stronger futures offered support. The Overall Index closed
        346 words
      • 216 24 -3.10 stocks were mixed in dull early trading with slight gains in several sectors offsetting weak gold shares. The TSE-300 Composite Index fell 3.10 points to 4,294.80 on volume of 17.86 million shares valued at C 5162.00 million. However, advancing issues outperformed declines 198 to 166, with 267 issues
        216 words
      • 743 24 15.91 Stock prices edged higher along with bonds in active trading following a weaker-than-expected report on economic indicators. The Dow Jones Industrie al Average, which rebounded 12.80 points to a new record-high 4,328.88 on Tuesday, was ahead 15.91 to 4,344.79 at 1 lam EDT. The NYSE Composite Index
        743 words
      • 913 24 Britannia Funds Slerliag Cash Bid Offer Mim t ap Deposit it 6400 )l 6500 Mim Jersey Gill 0 1893 0 1992 Mim Mil Income *0 9100 *0 9500 IS$ Cash Income Plus Fund 10 1800 10 7200 PS Reserve Fund J 4500 5 4600 Slerlins Faulty Euro Periornuacc 0 4592
        913 words
    • Article, Illustration
      2909 25 Bloomberg Business News HONGKONG Stocks posted their biggest gains in three weeks amid growing confidence that interest rates have peaked for now. Banks and prop-erty-related companies, whose earnings tend to rise and fall with rates, led benchmark stocks higher for the first time in two days. Some overseas investors
      Bloomberg Business News; Source: Bridge Info  -  2,909 words
    • Article, Illustration
      612 25 CLSA IN Hongkong, the H share index gained 21.60 points to 1,046.67 on turnover of HKS6S million. Shanghai Petrochem continued to attract strong interest. The stock finished up 4 per cent and accounted for 56 per cent of total turnover. In Shanghai, B shares closed 0.5 per cent higher
      CLSA  -  612 words
    • Article, Illustration
      1819 25 Reuter BANGKOK Stocks closed lower after fluctuating throughout the day in a narrow range. The SET Index closed down 5.97 points at 1,243.60. Turnover was 16.5 million shares worth 11.2 billion baht. "Investors took profit in some finance counters after a strong rally in recent days," an analyst said.
      Reuter; Source: Bridge Info  -  1,819 words
    • Article, Illustration
      1171 25 Reuter JAKARTA Shares closed higher in relatively heavy trading. with players seen snapping up property-related stocks. Property-related stocks Lippo Land. Dharmala Intiland. and Putera Surya Perkasa were among the most sought after stocks, each with more than one million shares changing hands. Trading was also active in Astra foreign
      Reuter; Source: Bridge Info  -  1,171 words
    • 2597 26 Or Cr I9«5 Laet Vol Day Last Quote Di« Di» Md Net M Ca High low (ompaat Sale (D00) High Low Bayer Seller S Or S PIt Smil MALAYSIAN STOCKS 478 1% in AISB 50c 306 +8 627 314 298 304 306 3.0 -2.9 0 3 31.4 127
      2,597 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6766 26 Bloomberg Business News KUALA LUMPUR Stocks rose after Prime Minister Mahathir Mohamad said he will retain most ministers in his new Cabinet. Nine days after his party was returned to office in the general election, Dr Mahathir said Finance Minister and Deputy PM
        Bloomberg Business News; Source: Bridge Info  -  6,766 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8758 27 I MWWIMP a-m It Gr Cr M Wt IW Last Vol Day Ijnl (Jmo4r Di» Di» VU N« A»g High Lo» C«MUy Sale (-000) High U» Bayer S«Uer Or P/E tail Price INDUSTRIAL AND COMMERCIAL 482 388 mt s Ainu 50c 406 cd -2 123 408 404 404 406 22.5
        8,758 words
      • 1814 28  -  By R Sivanithy SINGAPORE The current holiday season in Japan and a lack of domestic market-mov-ing factors yesterday contributed to a muted trading session in the local stock market, in which prices closed mixed in thin volume. Malaysian shares,
        Charts by Bridge Info; Source: Bloomberg  -  1,814 words
  • Page 17 Advertisements
    • 387 17 NEWS VALUE Anwar, Rafidah keep their posts in new cabinet (pg 1) Appointments reaffirm market expectations of continuity. S$ hits new high of $$1.3*94 against US$ before easing (pg 1) Gradual appreciation of the Sing dollar expected. Housing projects guarantee income until 2000 (this pg) DBS Land has run up
      387 words

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    • 499 21 HERE'S THE OPPORTUNITY. i |&The Sunday Times Jr ■■Education Ministry 1 Overseas StOCKSI I** monitoring 1 can be used NOW, HERE'S YOUR TICKET. 1 ll* fifts* comxinui A »0 ilsil Cr AVA ''-*v^- it L 9 kmmmmmmmmmmmm&KMmmmrnimmmmmmmmtmmm ENHANCE RETURNS ON YOUR CPF SAVINGS WITH QCBC SAVERS FUNDS Since January this
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    • 49 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, can Customer Services Section on 1000-749-2577, and ask for home or office delivery service.
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    • 17 23 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. BusinessEmes
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    • 36 23 The Tokyo commodities markets were closed for Japan's "Golden Week" holidays, trading will resume on Monday. As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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  • Page 24 Advertisements
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    • 43 25 9B9H9mHhIkSV flr Tmk A >. MRk The Tokyo stock market was closed yesterday. Trading resumes on Monday. STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Singapore r I 1 Business Times WE KNOW ASIA
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  • Shipping Times
    • 376 29  - Swiss giant Kuehne Nagel posts best results ever By Rahita Elias SINGAPORE Swiss freight forwarding giant Kuehne Nagel last year chalked up the best performance in its 105-year-old history. Turnover rose 4.4 per cent to 5.163 billion Swiss francs (556.3 billion), operating profit 4 per cent to 132.1 milHon francs
      376 words
    • 46 29 Reuter NEW YORK The luxury liner Crystal Symphony arriving in New York on Tuesday after her inaugural trans-Atlantic crossing. The 236-metre, 50,000-tonne vessel, built in Turku, Finland, was christened yesterday and will leave on her maiden voyage to Los Angeles today. Reuter
      Reuter  -  46 words
    • 221 29 Alexander Baldwin to sell leasing unit to Xtra Bloomberg Business News HONOLULU Alexander Baldwin Inc said on Tuesday it agreed to sell its container leasing business to Xtra Corp for US$35O million (*****.5 million) in cash. The Honolulu-based conglomerate said Xtra has agreed to buy Matson Leasing from its Matson
      Bloomberg Business News  -  221 words
    • 604 29 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiei Liner 4 1/2 •Appcnship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5
      604 words
    • 379 29 Reuter WASHINGTON Pentagon and Senate investigators on Tuesday blamed Navy mistakes and shipyard incompetence for USS4SO million (*****.5 million) worth of failed construction on two rusting Navy ships that never sailed. Construction of the two tankers that fuel other Navy ships "was
      Reuter  -  379 words
    • 504 29 Reuter TAIPEI Executives and analysts see rosier times ahead for Taiwan's state-run Yang Ming Marine Transport Corp, which is set to be privatised by the end of this year. With a global economic recovery and the government's plan to set up "offshore"
      Reuter  -  504 words
    • 214 29 KnightRidder TAIPEI Transportation officials announced that they will ask Taichung Harbour authorities to formulate a plan that would allow shipping direct links with China, the Chineselanguage Commercial Times reported yesterday. Director for navigation and aviation affairs Chu Yungchuan
      Knight- Ridder  -  214 words
    • 252 29 MBT KUALA LUMPUR The Port of Antwerp, Europe's second busiest port, has reported a 7.5 per cent increase in cargo throughput to 109.50 million tonnes in 1994, up from the 101.85 million tonnes in 1993. The Port of Antwerp Promotion Association general manager
      MBT  -  252 words
    • 1449 30 THE Baltic Freight Index for spot dry cargo shipping rates fell to 2,351 on Tuesday from 2,352 on May 1. Weakness was apparent for early caper tonnage, but conditions otherwise on the dry cargo market were generally quiet, brokers said. Bunge's fixture of the Metrofin caper, Theodore A,
      1,449 words
    • 638 30 COURSES Title: Sea Transport Course (SDF 70%) Duration: May 17 Aug 23 Organiser Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: International Freight Forwarding I (SDF 70%) Duration: May 25 Aug 3 Organiser Singapore Freight Forwarders Association Tel: For
      638 words
    • 1318 31  -  Shunichi Yano, NYK (S'pore) managing director, addressed the Terminal Operations Conference last week on the outlook for container shipping and the arrival of the giant global consortium. Here are the highlights of his speech Shunichi Yano, THE changes and developments in container trade
      1,318 words
    • 10497 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      10,497 words
    • 634 41  -  An increase in car and motorcycle numbers is pushing the pedicabs off the road. John Hail reports John Hail UPI PHAM HONG OANH is a member of an endangered species. The lean, 46-year-old Vietnamese is one of several thousand former South Vietnamese soldiers who
      UPI  -  634 words
    • 3333 42 A»c Containerline NV: Belsin Shpg Agencies Ptc Ltd (SV Marine Handling Sdn'Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN). Ad km Business orporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Sen ice: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte
      3,333 words
    • 274 42 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716 *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. 4JS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cit)-Link International Td: 344-3377. Fax: 345-6450. Cluster Link Supplies A Services
      274 words
    • 1515 42 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Tel 542-7822. Fax: *****20. Aeroliak Freight International Td 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666 Fax: *****74. *****50. Air
      1,515 words
    • 2744 43 ALBANIA Durrev Seven vessels operating of which 5 discharging (I bagged chicken. 2 bagged cement, I bulk coal. 1 diesel oil). 2 loading (I bulk ferrochrome, I bulk wine), no vessels waiting in roads. ARGENTINA Santa he: No vessels berthed, no vessels in roads, no vessels due. Diamante:
      2,744 words
    • 1134 43 SHIP SALES TANKER RATES WHILST we expect to see less activity next week due to the Japanese holidays and the usual May Day celebrations in Europe, there have been a flurry of sales reported this week throughout various sectors. It would appear that last week's rumours on the Chinese built
      1,134 words
    • 1562 43 CRUISE FERRY SCHEDULES CRUISE SHIPS An Dry Nmmt of Vessel ETA LTD Ports of Calls Port Ap»l Telephone >• MAY 04 04 Renaissance I Penang Renaissance Cruises 222-,V)88 04 04 Columbus Caravelk Kukup Harpers Shipping 221,1388 04 04 Renaissance 2 Cruise lo Nowhere Renaissance Cruises 222-3388 04 04 Megastar Taurus
      1,562 words
    • SHIPS IN PORT
      • 599 44 in%* Voy Ho Berth Arrival Departure Vmd fay Wo Berth Arrival Popartitt JwUfrPft Y Nona 003 P01A along*<* 04 05/2300 Amro Kataran 05/95 117/18 alongside 04 05/2359 Apolo 7 501 P06 0405/0/00 0505/1200 BaHnrs* 114/15 alongsde 0405/1800 Bass Reeter 3A P06 0405/1300 0505/0500 Dm Gmi» 05/01/95 121
        599 words
      • 1840 44 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Balance Rstts Ship Voy No Etb/Btr Period From To From kitad» 2368 06/1100 IB 03/1500 03 1659 03/1900 3 04,0/00 04/1169 04/1400 4 04/1200 04/1469 04,1/00 Alia noon- 201S 06/1600 1A
        1,840 words
      • 776 44 THIS "twice weekly report, compiled by Cockett Marine Oil Ltd, price ranges in US dollars instead of single prices for a more comp£hensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. Thp Cockett Bunker Price Index change and the
        776 words
      • 564 44 Carbon Carbon Apr 27 Deraity Nate Residue Mi Muiwun Softment uenyrv waier Knxu wr *anem M/M Exxon Ejoot RG/IT3 V/V M/M MM PPM method RG/M*3 V/V M/M M/M PPM method BO/Canac lints Spec 991 1.0 15.0 0.10 80* 0 10* Spec G35 991 10 18.0 0.15
        564 words
    • AIR AND LAND TRANSPORT NEWS
      • 494 46 Reuter BRUSSELS After a failed marriage with Air France, Belgium's Sabena will tie the knot with Swissair today but analysts predict the Swiss will soon want to impose their own tough regime on the Belgian airline. The tie-up between Swissair and Sabena
        Reuter  -  494 words
      • 205 46 MBT KUALA LUMPUR Malaysia became the only country in the world outside Sweden to have Volvo as a top selling European car last year. A survey by Volvo Car Asia, a division of the Volvo Car Corporation, shows that Malaysia
        MBT  -  205 words
      • 260 46 Bloomberg Business News AMSTERDAM Pilots working for KLM Royal Dutch Airlines will vote in the next three weeks on a plan for industrial action that could result in disrupted flight schedules and delays for passengers. The ballot will be held to protest against
        Bloomberg Business News  -  260 words
      • 305 46 NYT NEW YORK For the second consecutive year, Amsterdam's Schiphol Airport has been named the best major airport in Europe and North America. The distinction was conferred by airline passengers surveyed by the International Air Transport Association, and it is not likely to come as a
        NYT  -  305 words
      • 370 46 UPI TOKYO Japan Airlines and other major Asian carriers are fighting an effort by Washington to give US airlines more access to the region, decrying it as meddling in a market they say is already dominated by US competitors. The
        UPI  -  370 words
      • 334 46 Bloomberg Business News DETROIT US car makers are expected to cut their output plans for the second and third quarters after last month's weak vehicle sales. Car makers could announce revised production schedules any day now. That means earnings estimates
        Bloomberg Business News  -  334 words
      • LOG BOOK
        • 80 46 SINGAPORE The Boeing 777 has set a new speed record. Returning from a three-week worldwide tour, the plane left Bangkok international airport at 12.17pm local time and flew ***** km non-stop before touching down at Seattle's King County international airport at 11.53 am local time.
          80 words
        • 78 46 Reuter BEIJING The China No 1 Automotive Industrial Group plans to boost its annual production capacity to 200,000 vehicles in two to three years from 150,000 at present, the official Xinhua news agency reported yesterday. The enterprise, based in north-eastern Jilin province, has become
          Reuter  -  78 words
        • 56 46 Reuter ARLINGTON, Virginia USAir Group Inc said on Tuesday it will begin service between Washington's National Airport and Toronto International Airport on June 19, following the US Department of Transportation's approval of the route. This wiH increase USAir's Canadian jet service by 12
          Reuter  -  56 words
        • 89 46 Bloomberg Business News PHILADELPHIA Conrail Inc and Norfolk Southern Corp later this month will launch an intermodal shipping service m North-South corridors along the US Eastern Seaboard. Called intermodal because the service uses trucks for local deliveries and trains for the long haul, it
          Bloomberg Business News  -  89 words
        • 80 46 AFP TOKYO A helicopter made an emergency landing on the roof of a tax office building in central Tokyo yesterday after developing a fuel leak, a police spokesman said. The helicopter, carrying three people, turned over on its side after touching down, and the pilot
          AFP  -  80 words
      • 271 46 Knight-Ridder HONGKONG Hongkong's new airport is unlikely to be ready before 1998 despite the government's official projection it would be operational by mid-1997, said Rod Eddington, the managing director of Cathay Pacific Airways Ltd. Mr Eddington also told a luncheon yesterday the
        Knight-Ridder  -  271 words
      • 1789 46 aft nm eta n» no_ g& mat no nm rre^ Abu DhaM GA985 1105 GF147 1850 Hatyai TG407 2105 TG408 0620 GF146 1145 M1895 2300 MI896 1920 SQ441 1505 GA883 1520 Ma CM MM CMy VN741 1310 SQI72 1000 GA975 1535 SQI7I 1445 VN740 1410 AdalaMa
        1,789 words
      • 172 46 Bloomberg Business News ST PAUL, Minnesota Northwest Airlines Corp plans to build a long-delayed air maintenance base in Minnesota, financed with proceeds from a state-backed, U5546.9 million (5565.2 million) revenue bond offering. The state's bond sale will end a four-year flap
        Bloomberg Business News  -  172 words
  • Page 29 Advertisements
    • 46 29 China Express Service Hirprt Shanghai UI reel xingang Qingdao Effective from May '95 Pis see ?a 6 for schedule Why sharing vessels makes such good sense, Page 3 Honda-driven Vietnam pushing cyclos off roads, Page 13 Short honeymoon for Swissair and Sabena, say analysts, Back Page
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    • 27 29 Line* and service* represented by Members of the Registry of Accredited Shipping Agents, Singapore National V»«y Shipping Association. xfTTg/ For advertising enquiries, contact Shipping Times: Tel 740-2089
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    • 23 29 PERSONAL riNANCE INVESTMENT Every Saturday in Business Times Legal discourses in digestible portions. The Law Page. Every Thursday. %Mmi# rri Business Times WtKHOWAM
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  • Page 30 Advertisements
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    • 2419 33 P&O (Singapore Agencies) Pte Ltd ■A 0 10 Hoe Chiang Road. #07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE Te,: 225 2233 Te,e RS ***** pnocsp Fax: 225 5327/222 7517 CR Number: *****9 *****Z EXPORT IMPORT VCSSCL VOV |*PHO -PKO W too ANT HOT HAM OOT Ml LIM VtSSEL
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  • Page 34 Advertisements
    • 425 34 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUEJAOE 15/5 12/5 Loading tor Male mUVAi HUOHU Loading tor Japanese Ports PIONEER SUPREME 8/5 Loading tor Male UMMEEOH Sailed Loading tor Male PROGRESS UBERTY 12!/5 Loading tor Bangkok PIONEER ELEGANT 205 Loading tor
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  • Page 35 Advertisements
    • 2355 35 EUROPE EXPRESS HBS FELttSTOiIE, ROTTERDAM >- B M mmmm tlftptrt't StMrll 4|«lh Til (Bmrtl) till lit tsHt/lt»H»l Aftr Otfl: •CO STAR SHIPPING PTE LTD r < e "'J~*»!l Ht c-»*mr. *muimu c..»>.„ m- m «nn; 0 llt r r 1 «»MH vir »MI 2te"!!sLf. o i£i£i. fmwum: «w«i M «MS/M
      2,355 words
    • 532 35 (fc FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) NEXT GROUPAGE SERVICE TO SHANGHAI ETA: 08TH MAY. 95 CONTACT: KEN SIM/SYLVIA HOT LINE: *****33 (30 LINES) P KLANG PH: 0203/*****02 (10 UNES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 mol-fwumosr j* my
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  • Page 36 Advertisements
    • 1089 36 S VESSEL VOY SIN SM N 'W| I WANABHUM 278S Wd mPt 8/8 BUNPA SEROJA HoH Thu mPt «j«_L VESSEL VOY SIN BKK VtRA BHUM 131S Mon 8/8 Thu 11/8 1 THANA BHUM i»N Tu* 8/8 «V» MAHABHUM 229N Thu In Pt Sun 7/5 BHATWA BHUM 788 Thu 11/5 Sun
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    • 834 36 79 ANSON ROAD, 621-01, BINOAPOHE 0207 TEL: *****92 FAX: *****87 CH 9 **********011 STRAITS tHUnU SERVICE 7£ PORT KLANQ PENANQ '^7 w I m m voxel voy sw pbi 066 (FRI) XOURJAYA ***** 036 (WED) 066 (FRI) 5Q26 SSfiJEBD Qf/SISUN) 9SOIOK 056 (FRI) 076 (SUW) XOURJAYA ***** 076 (SUN) 106
      834 words

  • Page 37 Advertisements
    • 1095 37 ADVANCE CONTAINER LINES (PTE) LTD 140 Cocil Street, #12-00, PH. Building, Singapore 0106 f. TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********06 mwmwwAnwMi jamlakta (j MMim/Woolil laity to M4tl Mil to LCH) (J Silllngt/W«tk) PORT AUTHORITY TMAIIAHD wm I voy r Vn I hk I am wv
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    • 822 37 **********02 VESSELS VQY SIN LE HAVRE HAMBURG THAMES ROTTERDAM ANTWERP Vt-LEOCVELA VOBW 08/06 3CVO6 (MAX 03A» 0406 OM6 baltic skou ToBw iao6 ia*o6 14Q8 ia/06 isoB VHXE 0€ ÜBRA UO9W 23/06 13/06 15AJ6 17*06 18/06 IWO6 VILLE D€ NORMA NO6W 3CVO6 20/08 22AM MM 2&06 2M6 ALSO ACCEPTINQ CARGO TO
      822 words
    • 639 37 I BSA Myanma FIVE STAR LINE (Myanmar National Una) w Loading (or Yangon (Rangoon) S port PUg PEN P Gdg PAGAN V2I9W SLO SITTWE V67E 05f15 PAGAN V22OW 15/05 MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES KUL: TEL 02 03-***** M PKL: TEL 02-83-*****01 PIN: TEL 02-04-*****02 PGO TEL 02-07-*****21/4 NIGERIAN NATIONAL
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  • Page 40 Advertisements
    • 571 40 TEL: *****33 (12 UNES) FAX: *****19/*****03 TELEX: RS ***** RtSHIP (3 Unes) CR NO: **********0E ETHIOPIAN SHIPPIM6 LIMES J (National Lines of EtWopfa) ACCEPTING FCL AND CONVENTIONAL Vmhl Voy ETA Loading lor Spore Mombasa, Djibouti Abbay Wong 44W8 27/06 Aaado. Mayawa VldW 401 MB 20/07 £9 KIEN HUNG LINE FULLY
      571 words
    • 546 40 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Alma Ata. Ashkhabad. Baku, Dushanbe, s s;.ij a Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow. MlluZef fiMVluncn Novosobirsk. Sochi, Tashkent, Tbilisi. Vladivostok. Vostocnny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA also acciptino capoo
      546 words
    • 344 40 laaillH CONTAINEftUMES, |NC,#| -K-/\ Agents: MAC-NELS SPORE: *****22 (24 LINES) I "*_l\ J OR NOi **********01 SWJ (064) *****0 KUCMWO (062)*****3 PENANG: (04) *****6 BANGKOK (662)*****67 MANILA (632)*****61 P. KELANG: (03) *****77 JAKARTA (21) *****07 SURABAYA: ftl) 2fl—o I ASIA HKG/TWN/BKKI GENOA/EUROPE I PFN PK SIN PEN PKL SIN 5
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  • Page 45 Advertisements
    • 479 45 A HYUNDAI mEBCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 ~m r«i PGD VfSSQS TOY SM RTM ANT LEH HAM ■ij~| FEI 03/05 05/05 06/05 FREEDOM 316 ft 08/05 "26/05 28/05 26/05 28/05 ***** 30/05 10/05 12/05 13/05 H. FRONTIER 316 ft 15/05 02/06 04/06 02/06 04/06 04/06 06/06
      479 words
    • 381 45 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE t RORO CARRIER SPECIALIZE M HEAVY LfT CARGO UPTO 120 TONS RAMf CAPACITY UPTO SO TONS leta [eia r ttSgl _*OT SH PK IOADUG foil ORANGE MOON (3 J/5 BANGKOK 12/5 CHEZ NOUS 2 IJ/5 15/5 KEISHW 41 10/5 11/5 KUCHMG 15/5. MUUU 17/5 COSMC
      381 words
    • 669 45 \W q I J 1 I MM 11IMI11 VtSStL po* SJN ETA/D [LAX I~OAK Tcii MEM/COl HOU fifYC [NOR |~OAL Ml UPSON BWDff 83A 04/05 /05/05 21/05 23/05 24/05 25/05 26/05 28/05 M/OT" ALLIGATOR VICTORY 61A 11/05/12/05 28/05 30/05 31/05 01/06 02/06 02/06 04/06 06/06 MACKMAC BRDGE 85* 18/05/19/05 04/06
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  • Page 45 Miscellaneous
    • 306 45 TODAY'S TIDES (height in metres) m HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.7 3.0 2-9 2.6 2.1 1.5 1.0 0.6 0.4 0.4 0.7 1.2 1.8 2.1 2.3 2.3 2.1 1.7
      306 words