The Business Times, 9 May 1995

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times WE KSOW MITA(P) 194/12/94 Tuesday May 9 1995
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  • 2am LATEST
    • 57 1 Reuter NEW YORK Stocks rose yesterday, taking their cue from strength in banking and technology issues. At 1 pm EDT, the Dow Jones Industrial Average was up 14.53 points at 4,357.93. In the broader market, advancing issues led declines 11-8 on moderate volume of 155 million
      Reuter  -  57 words
    • 42 1 Reuter WASHINGTON The White House yesterday issued an executive order banning virtually all US trade and investment with Iran. The order gives 30 days for US companies to wind down existing contracts. Reuter
      Reuter  -  42 words
  • 164 1 Stock market indices Monday Change STII 2.075.88 +17.08 KLSEComp 957.82 +1.38 Nikkei 17.103.69 +15.03 Hang Seng 8.488.36 +156.19 SET Index 1.288.01 +4.95 Jakarta Comp 428.53 +1.52 Manila Comp closed Taipei WPI 5.674.53 +32.37 Seoul Comp 910.39 -8.07 Bombav BSE30 ..3.197.74 +5.23 CLSA China B 736.18 -4.51 Aust All
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  • 675 1  -  By Catherine Ong SINGAPORE The consortium comprising Singapore Press Holdings. Keppel Corp and Hongkong Telecom has won the tender for the much-sought-after licence to set up Singapore's second cellular mobile telephone network. MobileOne(Asia) Pte Ltd was the surprise winner over the front-running
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  • 379 1 weakens in early US trading in wake of failed car talks AFP, Reuter, Bloomberg Business News NEW YORK After holding its own in recent days, the dollar started drifting yesterday on news of the breakdown in USJapan car talks. The dollar fell against other major currencies in quiet New York
    AFP,; Reuter,; Bloomberg Business News  -  379 words
  • 52 1 Singapore is now the fifth largest foreign investor in China. Who are the major Singapore players in China? Which provinces are they in? And what are they doing there? Look out for our special report on Singapore investments in China. In BT tomorrow. Make sure you get
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  • 169 1 SINGAPORE Share prices yesterday rose across the region, including those in Singapore and Malaysia where sentiment was weighed down by the sharp plunges in the prices of Creative Technology and Aokam Perdana shares. In Singapore, the Straits Times Industrials Index gained 17.08 points to close
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  • 376 1 Reuter SHANGHAI The Chinese metropolis of Shanghai is sinking, subsiding under the weight of the most intense construction boom on earth, Xinhua news agency and officials said yesterday. The city has been sinking by 10.2 mm a year on average since 1991,
    Reuter  -  376 words
  • 462 1  -  By Lee Han Shih SINGAPORE Prices of private residential properties rose by a moderate 2.7 per cent in the first quarter of this year, a further indication that the property market has cooled after several years of sizzling price rises.
    Source: URA Private Property Index  -  462 words
  • 184 1  -  By William Chia SINGAPORE Indonesian conglomerate Bimantara Citra is expected to be the first company to be listed under the country's new listing requirements. PT Makindo Securities, which is lead underwriter for Bimantara Citra's public offer, says the company's listing
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  • Page 1 Advertisements
    • 227 1 The World's First Vibration Reduction (VR) System For Enhanced Sharpness Nikon ZOOM 700VR Zoom AF Compact Camera with 38-105 mm lens best buy ||X $599 iSS Free gifts worth $120 1 (1 Nikon large multi-purpose ft m bag worth $65.1 Nikon I EL i orglnal case worth $55) y/ jwlf
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    • 8 1 Property: Pg 8 Retailers fight for market share
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    • 22 1 Hock Lock Siew: pg is What happened at Aokam? Gold standard may return, Pg 20 Currency turmoil a global concern, Pg 20
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    • 13 1 Telecom raises stake in Yorkshire Cable, Pg 15 Regional market reports, Pg 22-26
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    • 42 1 Bottom Line: Ph 14 A malaise eating away at Japan I rspntcs Applications PncdTags Factories Inventory Bins Shelves I Stores' for durability pt-3o brother. BBM BUSIN6SS SVSTCMS (S) PTC LTD ©743-sooo #02-08 Great Pacific Warehouse 7 Kaki Bukit Road 2. Singapore 1441
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 268 2  -  By Agnes Wee NEARLY two out of three visitors, or 64 per cent of all visitors to Singapore last year, were free independent travellers (FITs) those not travelling with packaged or group tours. Figures released by the Singapore Tourist Promotion Board show the total ot 3.84
        Source: STPB  -  268 words
    • 594 2  -  Reports by Agnes Wee SINGAPORE travel agencies have arrived at a crossroads either they have to grow into mega-operators or they will have to position themselves in specialised niche markets. This was the conclusion arrived at in a study commissioned by the
      594 words
    • 325 2  -  By Claire Leow IPC CORP is the kind of local multinational corporation the government wants to develop for the country's long-term economic growth, the Acting Minister for the Environment and Senior Minister of State for Defence, Rear-Admiral Teo Chee Hean, said yesterday.
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    • 294 2 SOUTH AFRICA offers immense opportunities for Singapore property developers, according to a visiting business delegation from that country. Speaking yesterday at a seminar jointly organised by the Trade Development Board. Construction Industry Development Board and Real Estate Developers' Association of Singapore, A
      294 words
    • 331 2 WOMEN are becoming very important customers of travel agencies and airlines. And they are not just going with hordes of holidaymakers on package tours a growing number prefer to go as free independent travellers and on adventure trips. Travel agencies say that women
      Photo by Chris Loh  -  331 words
    • NEWS ROUNDUP
      • 74 2 A THREE-day exhibition on voice processing and computer telephony, the first of its kind in Asia, will begin in Singapore on June 7. With companies such as Singapore Telecom, Northern Telecom, AT&T and Telsis taking part. Voice Asia *95 hopes to attract 2,500 trade visitors.
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      • 61 2 THE government has upgraded Singapore's Honorary Consul in Hamburg. Dieter Lorenz-Meyer, to Honorary Consul-Gcneral, said the Ministry of Foreign AfTairs. Appointed in January 1993, Dr Lorenz-Meyer also has jurisdiction in Bremen. MecklenburgWest Pomerania, Lower Saxony and Schleswig Holstein. Dr Lorenz-Meyer is also a partner in Arnold
        61 words
      • 46 2 BY YEAR-END. property buyers will be able to view prospective homes on Internet when real estate agency ERA Realty Network posts its Singapore property listings on the service. ERA's US property listings have been posted on the Internet since January.
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    • 238 2 ESSO SINGAPORE will invest $35 million to expand lubricant manufacturing capacity at its Pulau Ayer Chawan refinery. The expansion will boost capacity from 500.000 tonnes to 650,000 tonnes of base stock per year, the company said in a statement yesterday. Demand
      238 words
    • 262 2 THE Singapore Democratic Party (SDP) has called for less government control and more entrepreneurship in Singapore business in its newly published SDP Economic Report 1995. At a press conference to launch the report yesterday, SDP secretary-general Chee Soon Juan said: "Politics
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  • Page 2 Advertisements
    • 706 2 (>@_>)}])%?&\~"}:&{{@.>.=&>,/-{ You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Sen/ices Section on 1800-749-2577, and ask for home or office delivery service.
      706 words
    • 93 2 UNIVERSITY OF mastoi of business administration MBA. (International Business) structure >j 18-month programme "Executive Training Series" workshops to enhance participants professional image Conducted by the University's faculty, complemented by local academics Class size is limited to 20 candidates per class International focus Syllabus covers political, cultural and socio-economic aspects in
      93 words

  • SOUTH-EAST ASIA
    • 336 3 Reuter KUALA LUMPUR Malaysia yesterday issued stiff warnings to shopkeepers against hoarding essential items as public complaints mounted over a spate of post-elect ion price hikes. Bernama news agency quoted Domestic Trade Minister Abu Hassan Omar as saying the government would withdraw the business
      Reuter  -  336 words
    • 306 3 Reuter MANILA Philippine President Fidel Ramos' coalition party appeared heading for a convincing win in yesterday's Senate elections, according to early unofficial returns compiled by Manila television stations. His Lakas-Laban coalition is likely to take at least eight of the 12 scats
      Reuter  -  306 words
    • 256 3 Reuter JAKARTA Indonesia will unveil later this month a new package of economic deregulation measures aimed at boosting the country's competitiveness, State Secretary Murdiono said. "The measures will be announced later this month to make our economy more efficient and boost
      Reuter  -  256 words
    • 230 3 AP KUALA LUMPUR The sale of government-owned projects and shares to private companies had resulted in earnings and savings worth billions of dollars, an official said yesterday. The government has earned MS 10.8 billion (SS6.I billion) from the sale of 131
      AP  -  230 words
    • NOTE BOOK
      • 100 3 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad led eabinet ministers and deputy ministers in taking the oath of office before the Yang di-Pertuan Agong Tuanku Ja'afar at Istana Negara here yesterday. They also took the oath of secrecy and pledged loyalty to the Yang di-Pertuan
        Bernama  -  100 words
      • 111 3 AFP JAKAR IA The Indonesian parliament has asked the government to declare its strategy for coping with the recent dramatic rise in the value ot the Japanese yen. the Antara news agency said here yesterday. The president has already said that for every one
        AFP  -  111 words
      • 72 3 Reuter BANGKOK A ceremony has been held in central Thailand to mark the building of a new BBC radio relay station which should improve reception for listeners from Beijing to Bombay. The relay station in central Nakhon Sawan province, about 240 km north of
        Reuter  -  72 words
      • 60 3 Reuter HANOI Vietnam has licensed 122 foreign investment projects with a total capital of USS2.4 billion so far this year, officials said yesterday, indicating a rising rate of investment pledges. Authorities gave licences to 35 joint-venture projects worth USSSSS million in April, an official of
        Reuter  -  60 words
    • 144 3 AFP KUALA LUMPUR Tai-wan-Malaysia trade grew more than 60 per cent last year, but Malaysia's scarce labour and high export duties may stunt future growth in two-way trade, Taiwanese officials said yesterday. "Some of these problems include labour shortages together with rising
      AFP  -  144 words
  • Page 3 Advertisements

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 86 4 Bloomberg Business News BEIJING China has issued now regulations on advertising of drugs, banning adverts for eertain drugs, the Xinhua news agency reported. The rules, to be enforced in a probe to be launched on June 1, forbid advertisements that claim to treat mental
        Bloomberg Business News  -  86 words
      • 114 4 AFP HONGKONG Hongkong's gross domestic product (GDP) grew by 5.5 per cent for the whole of 1994. a government estimate showed yesterday. The figure was lower than the revised government estimates of 5.6 per cent. The territory's GDP rose 5.7 per cent in 1993. In the
        AFP  -  114 words
      • 56 4 Reuter BEIJING Mental illness is rising in the booming south China province of Hainan, with asylums admitting patients unhinged by lottery losses, bad stock investments and business flops, an official newspaper said yesterday. No figures were given but the Beijing Youth Daily said a large
        Reuter  -  56 words
    • 489 4 Bloomberg Business News SHANGHAI China's top foreign exchange policy maker will be replaced after a government review found his policies had fuelled inflation, according to a Hongkong newspaper and Chinese bankers. The director of the State Administration of Exchange Control. Zhu Xiaohua.
      Bloomberg Business News  -  489 words
    • 237 4 Reuter BONN China's secret service has warned in a confidential report to 200 leading politicians that the country faces severe unrest once the older generation of leaders dies. Der Spiegel magazine reported in yesterday's edition. "As long as Deng Xiaoping and the
      Reuter  -  237 words
    • 387 4 AFP HONGKONG Despite recent moves to rapidly upgrade weapons systems, none of the claimants to the Spratly Islands could afford to fight or have the capability to do much more than sabre rattle, experts said. "All sides in the dispute have said
      AFP  -  387 words
  • Page 4 Advertisements
    • 1049 4 WOCBCH Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) NOTICE OF MEETING Notice is hereby given that the Fifty-Eighth Annual General Meeting of the Members of the Company will be held at 65 Chulia Street #19-00, OCBC Centre. Singapore 0104, on Saturday, 10 June 1995 at 12 o'clock
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    • 120 4 OUR CHINA TOUR W PACKAGES COME WITH H RADICAL REFORMS M lota! Flexibility Incredible Variety Unbeatable Value Beijing 4D/3N S$ 476 Kunming 4D/3N S$ 391 Xiamen 4D/3N S$ 360 S! Beijing/Shanghai 6D/5N S$ 1,041 DM Beijing/Xian/Shanghai 7D/6N S$ 1,450 JSI Beijing/Guilin/Shanghai 7D/6N 551,652 Vjjl If) Beijing/Guilin/Guangzhou 7D/6N S$ 1,486 uSa
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  • ASIA
    • 406 5 Reuter, AFP LONDON India's improving economy and rising foreign exchange reserves make it a better bet than China which continues to suffer from political uneertainty, the Economic Intelligence Unit (EIU) said. "India's major economic parameters are more encouraging than they
      Reuter,; AFP  -  406 words
    • 151 5 Bloomberg Business News TOKYO Japan's merchandise trade surplus for the first 20 days of April shrank 19.3 per cent from the same period a year ago to U553.75 billion (555.19 billion), the Finance Ministry said yesterday. The trade balance measures the flow
      Bloomberg Business News  -  151 words
    • 370 5 Reuter CANBERRA Australia's Labor government, under pressure to slash its budget deficit to rein in galloping economic growth in an election year, is expected to announce deep spending cuts and tax hikes in its budget today. Budget-cutting measures leaked
      Reuter  -  370 words
    • 293 5 AEP NEW DELHI The Indian government, faecd with a looming fuel crisis, has begun the country's biggest peacetime delivery of petroleum products to supply oil-starved regions in the north, officials said on Sunday. The officials quoted Petroleum Minist|7 secretary VL Kelkar as saying
      AEP  -  293 words
    • 208 5 Reuter TOKYO Prime Minister Tomiichi Murayama's trip to China last week received only modest marks for diplomacy, but Japan's beleaguered leader may come to view it as the high point in a year of endless setbacks. While China's hard-nosed leaders gave Mr Murayama a strong
      Reuter  -  208 words
    • ASIA NOTES
      • 65 5 AFP SEOUL Following a series of devastating accidents here, overseas construction orders for South Korean firms fell 6.5 per cent in the first four months of this year over the same period last year, the Overseas Construction Association of Korea (OCAK) reported yesterday. It said
        AFP  -  65 words
      • 65 5 Bloomberg Business News WFLLINGTON The New Zealand economy slowed further in March, but the central bank may have to raise interest rates again, said broker Ord Minnett Securities. Its indicator of economic growth, which is designed to indicate changes in the rate of growth,
        Bloomberg Business News  -  65 words
      • 70 5 AFP TOKYO The Tokyo Electric Power Co Inc said yesterday it would provide Thailand's Electricity Generating Authority with an air-cooling method to cut power consumption during summer peak times. The method requires the installation of a tank in a building to store cold
        AFP  -  70 words
      • 70 5 AFP NEW DELHI The Indian capital faces a disaster unless its chaotic administration is quickly and thoroughly overhauled, a former governor of the city warned in remarks published last week. MP Jagmohan Malhotra said the New Delhi authorities were unable to solve a variety
        AFP  -  70 words
    • 243 5  -  From Surinder Singh in SYDNEY THE Singapore-based Thakral group has extended its hotel interests in Australia with the purchase of the Kingsgate Hotel in Melbourne's central business district for just under ASS million (555.15 million). Sources close to the family group have confirmed it
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  • Page 5 Advertisements
    • 281 5 For more than a century and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      281 words
    • 9 5 Budget aims to win back Labor's heartland, Pg 13
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    • 160 5 Z OASivifi > -V v >~VV' I A, Nothing brings you closer to tho life-like magic of tho silver screen than the I I Sanyo LCD projector. And nothing else lots you watch tho latest blockbusters on a I f 11tr I screen of up to 742 cm in tho
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  • THE WORLD
    • 580 6 AFP, Reuter BRUSSELS France's partners in the 15-nation European Union are pondering the meaning of their new president, Jacques Chirac, who is seen as less pro-European than his predecessor. They know that Mr Chirac is less an enthusiast for European
      AFP,; Reuter; AFP  -  580 words
    • 274 6 Los Angeles Times PARIS Jacques Rene Chirac. the new leader of France, is a flamboyant, doggedly energetic political survivor who has long worn his presidential ambitions on his sleeve, inspiring both deep loyalty and intense hatred. Although Mr Chirac, 62, has spent his
      Los Angeles Times  -  274 words
    • 313 6 AFP TEHERAN Iran tried to prevent the collapse of its national currency yesterday by freezing the rate of the dollar on the country's open market amid a deepening economic crisis, financial sources said. Agents of the central bank, accompanied
      AFP  -  313 words
    • 504 6 NYT FRANKFURT The head of Germany's central bank, in his most pointed remarks to date on the prospects for the beleaguered dollar, said it would not rise against the Japanese yen or German mark until the markets were convinced that President
      NYT  -  504 words
    • WORLD WATCH
      • 107 6 Weak may trim OECD forecasts Reuter PARIS The OECD may have to trim its growth forecasts for the 25-nation group to 2.75 per cent both for this year and next if the dollar does not recover, French newspapers said. Last December, the 25-nation economic think-tank forecast gross domestic product (GDP)
        Reuter  -  107 words
      • 83 6 AP NEW YORK The New York Times Co will join eight other large newspaper companies in the formation of New Century Network, a venture to promote electronic publishing, the company said on Sunday. The venture's first step will be to link their current
        AP  -  83 words
      • 72 6 Reuter MILAN The government and Italy's main trades unions announced an accord yesterday to reform the country's costly state pensions system but employers immediately criticised the deal as unsatisfactory. Agreement on the reform, seen as vital to controlling Italy's debt, was announced after Prime
        Reuter  -  72 words
      • 115 6 Reuter DUBAI Dubai has warned its government departments against dealing with two companies which it says are owned by Harrods chairman Mohamed al-Fayed, saying there were questions about their legal status in the emirate, an official said on Sunday. The official at the Dubai
        Reuter  -  115 words
  • Page 6 Advertisements
    • 357 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Koh Khnee Mun of Blk 283, Bukit Batok East Ave 3, #05-283, Singapore 2365, have applied for a Wholesale Beer Shop Licence in respect of premises at M/s Kai Soon Provision Sundries at 319,
      357 words
    • 135 6 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, LIM TECK 00 of Blk 5 St. George's Lane #05-197, Singapore 1232, have applied for a Retail Beer Shop Licence in respect of premises at M/s Teck Seng Lim Kee at 319, Balestier Road, Singapore 1232, and that this application will
      135 words
    • 162 6 Out Of This World, lobstir cold dish IEf^SE BRAISED SHARKS FIN WITH j BRAISED SHARK'S FIN BRAISED SUPERIOR SHARK'S FIN IMBf CRAB MEAT j ROAST SUCKLING PIG ROAST SUCKLING PIG ROAST CHICKEN STEAMED GAROUPA j STEAMED POMFRET BRAISED DUCK WITH LOTUS SEEDS I SLICED ABALONE WITH Sf £'3A rKItL) PRAWNS
      162 words

  • PROPERTY & CONSTRUCTION
    • 841 7  -  mmm the PROPERTY s: COLUMN By Lee Han Shih WHY ARE there so many people interested in buying office space in Suntec City? Yes, Suntec is known for its quality, and its location at the reclaimed Marina Centre is not bad either. But assuming
      841 words
    • 362 7  -  Maggie Ford reports on the moves to woo foreign retailers Maggie Ford PROPERTY managers Colliers Jardine will launch an international road show covering European and Asian capitals to persuade more international retailers to set up shop in Jakarta's new shopping malls.
      362 words
    • 1381 8  -  Jenny Lam looks at retailers' battle for the shoppers' dollars Jenny Lam SINGAPORE'S overcrowded retail scene has forced many retailers to consolidate their business and to rethink their strategies over the past couple of years. The rethink has resulted in a
      Photos by Arthur Lee  -  1,381 words
    • 554 8 AS MORE fashion retailers go for fewer but bigger shops, they have become much more selective about the location of these shops. Generally, fashion retailers prefer to locate their flagships in Orchard Road, which is regarded as the most important shopping
      554 words
    • 299 8 Selected transactions in the past week Date of r~~l TTZ Built In Sdipric* trwctton pt<trict Projw* Type land arm (»q ft) T nur (S$) PWVATE May2,1995 0512 Hong LeongGdn Condo3 i 1250 L999 685,000 548 May 2,1995 1 2776 I Orchid Park Condo3 1145 L99 750,000 655 May2,1995
      299 words
  • Page 7 Advertisements
    • 3083 7 Notice of Annual General Meeting I |V| Iw Ml M AS NOTICE IS HEREBY GIVEN that the Annual General Meeting of Singamas Container HoWings Limited (the -Company") will be held at Basement Function Room I. It* Kwok Hotel. 72 Gloucester Road. Wanchaj, Hong Kong on Wednesday 14th June 1995 at
      3,083 words

  • Page 8 Advertisements
    • 157 8 ran irviTCu111 ywi\ii I BUY A DISTRICT 10 PROPERTY AND: I a) Develop immediately OR b) Rent existing apartments and develop later Residential zone, potential plot ratio of 2.1, Redeveloped units can be sold to foreigners g Land area of 21,412 sq ft 18 May 1995 at 12 noon for
      157 words
    • 35 8 ROAD An Outstanding Corporate HQ S\ 1 O For Investment Report/Tender Documents and Viewing, kindly contact: Casey Teo, *****17; Yuen Heng Mun, *****20; Lim Gnee Kiang, *****21; Francis Lim, *****18 of the Investment Sales Department
      35 words

  • SPORTS
    • 430 9 NBA playoffs Reuter ORLANDO Michael Jordan has been Chicago's main man for so many memorable winning finishes. On Sunday, Jordan was the improbable goat for the Bulls' stunning 91-94 loss in Sunday's opener of their Eastern Conference playoff semifinals against the
      Reuter  -  430 words
    • 490 9  -  By Michael Karem LONDON Nothing takes your mind off your own troubles so well as contemplating those of somebody else especially if they are the troubles of an old enemy and one can gloat a little. Thus it is that
      490 words
    • Article, Illustration
      81 9 Reuter GOLD COAST, Australia Equestrian Cathy Green and her mount McGuire showed car owners just what horse power really means. Both rider and horse soared over a 1.6 m high, 1.8 m wide jeep at an invitational showjumping event at Sanctuary Cove on the Gold Coast on Sunday.
      Reuter  -  81 words
    • SPORT SHORTS
      • Article, Illustration
        124 9 DENVER, Colorado Japanese pitcher Hideo Nomo. the first US major league baseball player from his homeland in 30 years, struck out seven but struggled to no decision here on Sunday in his second start. Nomo surrendered seven runs on nine hits, three of them home runs, in four and
        124 words
      • Article, Illustration
        37 9 NEW YORK NBA pla>offs on Sunday Western Ist rd: Utah 91 Houston 95 (Houston wins best-of-fivc series 3-2). Kastern s-finals: NY 105 Indiana 107 (Indiana leads bcsl-of-seven series 1-0); Orlando 94 Chicago 91 (Orlando leads 1-0).
        37 words
      • Article, Illustration
        129 9 GREENSBORO, North Carolina lour DuPont 48 km time trial final stage on Sunday: 1 Viatcheslav Ekimov (Rus) Novell I hr 44.65 sec 2 Andrea Peron (Ita) Motorola at 1:05.62 3 Daniele Nardello (Ita) Mapci-GB at 1:18.91 4 Norman Alvis (US) Saturn 1:51 5 Lance Armstrong (US) Motorola at 1:55.37.
        129 words
      • 135 9 BADMINTON, England Bruce Davidson became the first American to win the prestigious Badminton Horse Trials on Sunday as he rode Eagle Lion to a clear round in the show jumping portion of the three-day event. Lying third overnight after the dressage and cross-country. Davidson took home the £22.500
        135 words
      • Article, Illustration
        347 9 MARIETTA, Georgia Mark Calcavecchia, the last American to win the British Open in 1989, snapped a three-year winless drought on Sunday with a come-from-behind. two-shot victory in the US$l.3 million (SSI.B million) Bellsouth Classic. Five shots behind third-round co-leader Jim Gallagher Jr. with 11 holes left to play. Calcavecchia
        347 words
      • Article, Illustration
        142 9 LONDON Will Carting coulc be reinstated as England's World Cup Rugby Union captain after a scries of dramatic developments on Sunday. The sensational sacking of the popular skipper took a new turn on Sunday night when Rugby Football Union (RFU) president Dennis Easby, the man who stripped him of
        142 words
      • Article, Illustration
        170 9 ATLANTA Michael Chang our lasted world No 1 Andre Agassi 6-2 6-7 (6/8) 6-4. here on Sunday Ic retain his title at the ATP Chal lenge and serve notice he will be a major contender for the French Open crown. "Beating Andre in the Tina! makes this very sweet."
        170 words
    • 576 9 America's Cup FT SAN DIEGO The 29th America's Cup match began on Saturday off San Diego, with New Zealand's Black Magic winning the first race. Will the plucky New Zealanders eventually defeat Dennis Conner, the ultimate cup gladiator, in the best-of-nine series? History says yes.
      FT  -  576 words
  • Page 9 Advertisements
    • 178 9 The key to individuality. I Security tailored to individual needs. France, 17th century. This key has I a secondary function. It opens doors I but it is also a miniature pistol which I the bearer of the key could keep I on his person for protection. At H Swiss Bank
      178 words

  • Page 10 Advertisements
    • 1105 10 No.* lin the *USAI WHERE TO WINE, DINE AND ENTERTAIN <2** TH€ MOST AUTH€NTIC ITALIAN PASTA PIZZA IN TOWN All Pasta Lovers! OatUl^At VYImMwJ a* ALL-TIME ITALIAN FAVOURITES... ...NEARERTO THE EASTigL PASTA FRESCA DA SAIVATORI PTI LTD JuSkSt 30 loot Quay S(0104) (OffH 24 HOUtS) U *****13 *****10 Ik 133
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    • 351 10 Celebrating Fish L«fs drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of every imaginable fish recipe. Salmon, sole. 1(W) snapper, sea bass... if it can be caught, it can be cooked. And we know all the delicious wags. {Tj Continental or
      351 words

  • LIFESTYLE
    • Article, Illustration
      608 11  -  Claire Leow watches, for the second time, a play about Asian women during times of war Claire Leow WAR AND its after mat h were the focus of Coming into Passion: Song for a Sansei, a play performed by Jude Narita over the weekend. In it. Asian women
      Photo by Chris Loh  -  608 words
    • CHATTER BOX
      • 389 11 UPI THERE are no action movies in actress Kathleen Turner's future. Turner, 40, now starring in the Broadway production of Jean Cocteau's Indiscretions. says her forays into the theatre and directing have convinced her never to do another movie simply to maintain a high profile
        UPI  -  389 words
      • 117 11 AP SINGER Carly Simon strapped her autobiography rather than kiss and tell. But kissing and singing is another story. "You can do it in a song because you don't have to name the people you're writing about. But in an autobiography, they want names and action." the
        AP  -  117 words
  • Page 11 Advertisements
    • 424 11 WHERE TO WINE, DINE AND ENTERTAIN Jfoaters g iRi Olde English Eating House Mi 4 277 Orchard Rd #02-38 Specialists' Centre Singapore (0923) At I A LUNCH SPECIAL K U| Steak Mushroom Pie H Valid Mon-Fri except Public Holiday DEVONSHIRE CREAM TEA 5 (Served from 3pm-6pm) Oven hot scones with
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    • 26 11 $*mrr> ol Kr lcr« £»o I»3J BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Wednesday Ladies Nite Singapore 1130 Tel: *****36
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  • Page 11 Miscellaneous
    • 1226 11 I TV* RADIO -I Blind Fury, Hpm, Ch 5 ijgjl' Rutger Hauer is a blind Viet vet who wields a samurai sword. He looks up an old ar- y ilm T^lk my chum (Terrance O'Quinn), r saves the chum's son from gangsters, then spends the rest of the film involved
      1,226 words

  • 508 12 EDITORIAL RETREATS are supposed to be therapeutic, helping a person to reflect on the past and focus his mind on the challenges ahead. In this sense, the Asean economic ministers' retreat in Phuket last weekend achieved its objectives. Not only did the six Asean ministers undertake
    508 words
  • WHAT THE OTHERS SAY
    • 246 12 WHATEVER the comical aspects of the Philippine mid-term elections today, and there are a few, unfortunately, voters who have a choice of about 100,000 candidates to fill 17,338 congressional, provincial and local level offices do not face that bewildering a task. All they need is
      246 words
    • 107 12 THE FAMILY seems to be the most vulnerable social institution today. The concern is widespread both in developed as well as developing nations. Singapore is no exception. With the restructuring of the Ministry of Community Development, the family is getting attention with the setting up of
      107 words
    • 128 12 THE GOVERNMENT has been seeking to improve the remuneration of civil servants and to raise their status. It has constantly been stressed that to maintain a highly efficient and honest public service, civil servants should be paid a competitive package. Conversely, the public has good reason
      128 words
    • 163 12 THE three-day conference on the deregulation of the Indonesian economy co-sponsored by the World Bank in Jakarta last week recounted the great achievements of the massive packages of economic reform measures over the past 10 years, while also charting out the agenda of future reforms. The problem
      163 words
    • 161 12 SOMEWHERE in the fuzzy world of foreign diplomacy, a line has to be drawn. Yangon crossed the bounds of civilised behaviour decades ago but until recently the brunt of their barbarity was visited exclusively on their own citizens. Now Thais are dying and being forced to
      161 words
    • 241 12 LIKE astrologers, palmists and racehorse punters, proponents of the theory of economic cycles like to believe that there are irrevocable factors underlying their prediction of a future outcome. Cyclical pundits rely on the self-actualising principle if they keep going against the grain of current trends stubbornly enough, they
      241 words
  • 1093 12  -  The army Marshal Zhukov fathered is feared by the Russian president. John Helmer has the details John Helmer The writer is BT's Moscow correspondent BEFORE the equestrian statue of World War II hero Marshal Georgy Zhukov was lowered on to its pedestal in the centre of
    1,093 words
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    • 136 12 j •ao» Get the answers and V <Ssr^P more from ,e nguls ZiP K vOi Newslink's online database contains hundreds thousands of news articles, reports and company profiles dating as far back as 1989. These can be retrieved almost instantly by anyone with a personal computer with a modem from
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  • Page 12 Miscellaneous
    • 60 12 /QUITE, POSSIBLE A f MOLO'S ?J IglgjjS&j •"'V DOONESBURY GARRY TRUDEAU SOW YOU FINALLY ...ACHING JON7S, I7Z I 6£TBDOFF7OA I JU&T KBPT BUG&NG v ...BUT YOU KNOW 0. P. NI6HT SWEATS. DOWN u POCTOR 7 HIM UNTIL H5 FINALLY HB<S SO 9KHC HE'LL BLURRY VISION, "7™ v A6RB&? TO 60
      60 words

  • ANALYSIS
    • 1465 13  -  Word is out that the Australian budget to be announced today will be a tough one, reports Florence Chong Florence Chong The writer is BT's Sydney correspondent THE Australian Government is likely to deliver what will be a typical "Labor" budget to buy
      1,465 words
    • 892 13  -  Billionaire investor strays from his own rules, reports Peter Truell Peter Truell NYT WARREN BufTett, America's folksy billionaire investor from Omaha, confessed recently that his investment in USAir Group was a result of "sloppy analysis" that might have been caused
      NYT  -  892 words
  • Page 13 Advertisements
    • 192 13 HEADS OR TAILS 1 movoz HHnsnimaHi .999 The Lucky silver Dollar The only collector's coin accepted in Las Vegas, Atlantic City, Reno and Monte Carlo casinos. The US lucky Silver Dollar. That's the silver American Eagle coin. events and institutions that have patriotic It's a worthwhile gamble. Because currency value
      192 words

  • 355 14  -  From Leon Hadar in WASHINGTON THE Clinton administration is expected to announce in a few days what senior US aides describe as "recordbreaking sanctions" against Japan to punish it for its restrictive car and car-parts trade policies. President Bill Clinton met
    355 words
  • 371 14 Reuter WASHINGTON Looking ahead to a trip to Moscow this week. President Bill Clinton complained on Sunday of Russian policy towards Iran and Chechnya, but said United States-Russian relations must not be held "hostage to any one issue". His remarks came ahead of his departure
    Reuter  -  371 words
  • 305 14 Reuter AMSTERDAM Dutch bank ABN Amro NV said yesterday that its Swiss branch had uncovered a suspected multi-mil-lion guilder fraud by a former member of staff, but there appeared to be little danger this would lead to large losses. Dutch daily Algemeen Dagblad said sums
    Reuter  -  305 words
  • 307 14 Reuter BEIJING A draft law on commercial banks will for the first time empower China's four biggest financial institutions to turn down any organisation seeking a loan, the China Youth Daily said yesterday. Political influence and expediency have
    Reuter  -  307 words
  • 220 14 Reuter NEW DELHI India's freemarket economic policies will not be reversed but the pace of reform could slow if a leftist alliance wins power in general elections next year. Commerce Minister P Chidambaram said yesterday. "1 think economic reforms have now reached the point
    Reuter  -  220 words
  • 610 14  -  The Bottom Line REGINALD DALE REGINALD DALE The writer is a columnist ml/i the International Herald Tribune, where this commentary first appeared JAPAN today is an unhappv place. Traumatised by the Kobe earthquake. last month's Sarin nerve gas attack on the Tokyo subway
    610 words
  • 160 14 Reuter TAIPEI Taiwan is willing to negotiate with China on its proposed programme of offshore transhipment centres that would allow direct links between the two rivals for the first time since 1949. officials said yesterday. Speaking after a local
    Reuter  -  160 words
  • Page 14 Advertisements
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    • 12 14 Ell risk ratings put India as better bet than China. Pg 5
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        52 15 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. G K Ooh, Kay Hian. Morgan Grenfell. Ong Co. Nomura. Phillip. Smith New Court. WI Carr and S
        52 words
      • Article, Illustration
        58 15  -  By Quak Hiang Whai KEMAYAN Corporation, like many of the Malaysian counters, is heavily oversold. It is oversold on its daily, weekly and monthly RSI and stochastic charts. Any further fall would likely be limited to the level of $1.60. With so many overwhelming oversold signals, chances are
        58 words
    • 389 15  -  By Amy Balan SINGAPORE Disappointment with Aokam Perdana Bhd turned to disillusionment yesterday. The day saw further mass selling of Aokam shares following the big sell-off on Friday just before it announced interim earnings of Ms 39 million (Ss22 million) which fell
      Source: Bloomberg  -  389 words
    • 415 15  -  Arch-rival Aztech's share price soars By Lee Wai Leong SINGAPORE Multimedia kingpin Creative Technology's share price plunged $3.60 or 26 per cent to $10 yesterday as investors sold heavily after its disastrous quarterly earnings. And in an ironic twist, the share
      415 words
    • 295 15  -  By Catherine Ong SINGAPORE Singapore Telecom has raised its stake in loss-making The Yorkshire Cable Group by 4.5 per cent, bringing its total interest in the UK company to 50 per cent. Telecom yesterday announced that it paid £10.5 million (5523.3
      295 words
    • 263 15 SINGAPORE Multimedia company Aztech Systems intends to announce more offshore manufacturing plans later in the year, says president Michael Mum in the latest annual report. It will invest $20 million to add surface mount technology lines to make products such as audio telephony
      263 words
    • 689 15  -  HOCK LOCK SIEW By Amy Balan SINGAPORE It was a success story too good to be true. Yet, year after year, tim-ber-based Aokam Perdana Bhd would confound the sceptics. That is, until last week. It was the wunder stock that every
      689 words
    • 310 15  -  By Agnes Wee SINGAPORE Tycoon S P Tao's Shing Kwan Investment has withdrawn from its partnership with Pidemco Land and Hotel Equatorial to build a hotel in Yangon because it wants to "concentrate on other major developments". Shing Kwan has
      310 words
    • 121 15 Bernama KUALA LUMPUR MBf Leasing Sdn Bhd intends to introduce cross-border leasing facilities later this year to support Malaysian companies in their overseas expansion, it was announced yesterday. "This facility will be made available to Malaysian companies with investment in foreign countries." said
      Bernama  -  121 words
    • COMPANIES
      • 429 16 Bernama KUALA LUMPUR Berjaya Industrial Bhd and Berjaya Corporation (Cayman) Ltd, which are suing Public Bank (Labuan) Ltd and three others over alleged unauthorised transactions involving Mssoo million (Ss2Bo million), are seeking an injunction to stop the bank
        Bernama  -  429 words
      • 355 16  -  From Ruth Wong in KUALA LUMPUR ESSO PRODUCTION Malaysia Incorporated (EPMI) has awarded 10 contracts worth some MSSOO million (SS2B2 million) to six Malaysian companies for the construction of a natural gas production platform and offshore facilities off the eastern
        355 words
      • 214 16 Bernama KUALA LUMPUR Sime Darby Investments Pty Ltd has announced an offer of A 51.25 (551.28) cash for each of the Sime Darby Australia Ltd shares it does not currently own. The company said in a statement yesterday that it currently
        Bernama  -  214 words
      • 364 16  -  By Paul Leo SINGAPORE OCBC Bank is finding it difficult to maintain for 1995 its high profit growth achieved over the last few years. Its chairman and chief executive officer, Tony Tan, said in the annual report that "undoubtedly 1995 is
        364 words
      • 244 16 MBT KUALA LUMPUR Diethelm Malaysia Sdn Bhd, a subsidiary of Diethelm Holdings (M) Bhd, is to set up a factory in Bukit Kamuning. Selangor, to produce its own pallet racking products and systems by early next year. A memorandum of understanding was signed
        MBT  -  244 words
      • 399 16 Reuter KUALA LUMPUR Foreign and local stockbrokers in Malaysia are facing oflf over stiff brokerage fees and the upshot may be less Malaysian stocks marketed to foreign investors, industry executives said yesterday. Foreign brokers are unhappy with the strict enforcement
        Reuter  -  399 words
      • COMPANY BRIEFS
        • 71 16 SINGAPORE Hai Sun Hup shareholders approved a one-for-one rights issue at an extraordinary general meeting yesterday. One rights share at the priee of 50 cents each will be given for every existing ordinary share. The proposed issue will increase the group's ordinary shares by
          71 words
        • 52 16 SINGAPORE OCBC Bank yesterday reminded investors that its 1995 warrants will cease trading after July 3 (last trading day is July 3) and the last date for the exercise of the warrants would be July 14. The exercise price of the warrants is currently at $8.17 per
          52 words
        • 34 16 SINGAPORE Cam Mechatronic said yesterday that it paid $3.00 for the entire issued share capital of Cam Manufacturing, comprising three shares of $1.00 each, making the concern a wholly-owned subsidiary.
          34 words
        • 29 16 SINGAPORE Sunshine Allied announced yesterday that it had completed the surrender of Lots 435 and 436 Mukim 3 to Jurong Town Corporation for $14.5 million.
          29 words
        • 38 16 SINGAPORE ST Computer Systems Services and Straco Investment have agreed to form a joint venture company in Singapore to undertake projects and market products and services in the People's Republic of China.
          38 words
        • 43 16 SINGAPORE Stamford Tyres (STC) has appointed its non-ex-ecutive director. Sam Chong Keen, as an audit committee member. Mr Sam is also managing director of Comfort Group and Comfort Transportation and will therefore represent Comfort's interest in STC.
          43 words
        • 90 16 Bernama KUALA LUMPUR Mulpha International Bhd's group pre-tax profit leapt 69 per cent to M 560.47 million (5533.8 million) for the year ended Dec 31, 1994. from M 535.75 million in 1993. Turnover went up to M 5457.38 million versus M 5279.5 million previously. Profit attributable
          Bernama  -  90 words
      • 167 16 Bernama KUALA LUMPUR Tan Chong Motor Holdings Bhd's actual performance will be affected by the strong exchange rate of the yen, which has strengthened further against the US dollar and regional currencies. chairman Tan Kim Hor said in the company's latest
        Bernama  -  167 words
      • 539 16 H«apn prion May 9 Singapore Unit Trust The Commerce I 60 169 The Savings Fund 1.43 1.51 S pore Prog Fund 0.57 0.61 Spore See Fund 0 94 100 S pore Invest Fund 1.12 1.19 S pore Equity Fund 0.71 0.75 Asia Unit Trust Mai Invest Fund 2.28 2.4ltd Mai
        539 words
      • 368 17 AFP. Reuter HONGKONG Chinese refrigerator maker Hualing Holdings announced yesterday its after-tax profit last year rose a mere 1.01 per cent to HK.594.2 million (S$ 17 million) from 1993. The China-based firm, which is listed on the Hongkong Stock Exchange, said turnover
        AFP.; Reuter  -  368 words
      • COMPANY BRIEFS
        • 112 17 Reuter HONGKONG Lo Kwee-seong, who helped stave off malnutrition in Hongkong in the 1940s and 1950s by hawking a nutritious and inexpensive soya bean cocktail, has died in hospital. His death, at 85, was announced by his widow Elizabeth yesterday. Mr Lo's drink founded Vitasoy
          Reuter  -  112 words
        • 67 17 Bloomberg Business News HONGKONG Cosmopolitan International Holdings said its 1994 net profit tumbled 72 per cent as revenue from its property management, investment and rental business declined. Profit after taxes and payments to minority interests fell to HK$l4.6 million (552.6 million) from HK551.41 million in
          Bloomberg Business News  -  67 words
        • 56 17 Reuter BEIJING Chinese firms will soon be able to get themselves listed on Australian stock markets under a new bilateral cooperation accord, the Xinhua news agency said. The Australian Stock Exchange will work to help Chinese firms list in Australia under the deal signed
          Reuter  -  56 words
        • 112 17 Bloomberg Business News TOKYO Salomon Brothers Asia, while seeing profit for the year to March 1995 drop 10 per cent to 10 billion yen (S$ 168 million), still earned almost twice the expected profit at Japan's largest brokerage, Nomura Securities Co, the Nihon Keizai
          Bloomberg Business News  -  112 words
      • 198 17 Reuter BOMBAY India's National Stock Exchange (NSE) is adding 317 more companies to its trading list tomorrow, taking the total number of traded firms to 1,002, a senior official of the electronic bourse said yesterday. "The new list will include
        Reuter  -  198 words
      • 220 17 Bloomberg Business News HONGKONG Pacific Basin Bulk Shipping yesterday said its net profit fell 19.8 per cent in the third quarter ended March 31, 1995, to U552.64 million (553.67 million), from U553.29 million in the previous quarter. Net profit, after tax and
        Bloomberg Business News  -  220 words
      • 130 17 Bloomberg Business News HONGKONG Yanion International Holdings, which makes cassette drives and other audio equipment, said it returned to profit in 1994 as sales surged almost 36 per cent. The company said it posted a profit of HK517.91 million (553.2 million) after taxes and payments to
        Bloomberg Business News  -  130 words
      • 159 17 Bloomberg Business News HONGKONG China Strategic Holdings Ltd. Asia Pulp Paper Co Pte and a Chinese company will invest an additional 1.36 billion yuan (***** million) in Ningbo Zhonghua Paper Co. one of the five largest paper manufacturers in China. After
        Bloomberg Business News  -  159 words
      • 144 17 Bloomberg Business News HONGKONG Aluminium manufacturer Far Hast Aluminium Ltd said its net profit rose 1,033 per cent in the year ended Dec 31, 1994. In a statement, the company said net profit after tax and payments to minority interests rose to HK536.37 million (556.5
        Bloomberg Business News  -  144 words
      • 428 17 Internal audit will show up those responsible for scandal Bloomberg Business News SHANGHAI The new president of Shanghai International Securities said business has been largely unaffected by a 10-week-old bond trading scandal that brought China's largest brokerage firm to the brink
        Bloomberg Business News  -  428 words
      • 381 19  -  By S N Vasuki SINGAPORE A senior official of French chemical and pharmaceutical giant RhonePoulenc said yesterday the company's impressive turnaround in 1994 would be sustained and he expected the Asia-Pacific region to be a steady contributor to growth. In an interview with
        381 words
      • 304 19 Reuter MELBOURNE Paper and packaging group Amcor Ltd is retreating from the stamp printing business because of low returns, according to managing director Stan Wallis. He said the recent loss by Amcor's wholly-owned unit Leigh Mardon of a contract to
        Reuter  -  304 words
      • 354 19 Bloomberg Business News SYDNEY Petroleum companies Ampol Ltd and Caltex Australia Ltd were to merge yesterday after Caltex shareholders removed the last hurdle by approving the transaction. The shareholders' ratification has created Australia's largest petroleum refining and marketing company. At the end of
        Bloomberg Business News  -  354 words
      • 141 19 AFP WELLINGTON Telecom New Zealand was expected on Thursday to report the largest corporate annual profit in the country's history, the Evening Post reported yesterday Profit for the former state company was expected to top NZ$625 million (SssB7 million) for the year to
        AFP  -  141 words
      • 375 19 Reuter BOSTON Digital Equipment Corp is widening a strategie alliance with Microsoft Corp in personal computer operating systems software to both keep its VAX large-com-puter users and court new customers. "This is a major expansion of an ongoing alliance with Microsoft." said
        Reuter  -  375 words
      • 437 19 Reuter WELLINGTON New Zealand forestry firm Carter Holt Harvey (CHH) will report a record annual profit tomorrow, thanks to sharply higher pulp and paper prices and earnings from Chilean interests, analysts said yesterday. They forecasted an after-tax net profit
        Reuter  -  437 words
    • CORPORATE FOCUS
      • 1354 18  -  Indonesian conglomerate Bimantara plans to launch an IPO this year. William Chia looks at what the company has to offer to investors William Chia SINGAPORE When I told some analysts I was going to interview the management of Indonesian business conglomerate Bimantara Citra on
        1,354 words
    • FINANCE & COMMODITIES
      • 475 20 NYT NEW YORK— The expansion of banks into the insuranee business is enough of a competitive threat to reduce the ratings of many insurers eventually, according to a study released yesterday by rating agency Standard Poor's Corp. Even if Congress does not approve
        NYT  -  475 words
      • 418 20 FT LONDON The pound may hit fresh lows on the currency markets this week as doubts surrounding the UK government's anti-inflation commitment continue to dog the currency, economists in London's business district forecast. Analysts saw little in weekend comments from
        FT  -  418 words
      • 238 20 Bloomberg Business News NEW YORK Gold may become the world's reserve currency, displacing a worn-out US dollar, Paul Craig Roberts told the Bloomberg Forum last Friday. The economist and journalist said the dollar's weakness against the Japanese, German and Swiss currencies could signal
        Bloomberg Business News  -  238 words
      • 451 20 FT WASHINGTON Some World Bank officials are concerned about plans to press ahead with new lending to Russia, when the Russian government has proved unable to make full use of the huge volume of loans already committed to it. World
        FT  -  451 words
      • 211 20 BernamaKvodo TOKYO Japan's petrochemical exports to South-east Asian countries are surging in response to strong demand there and the increasing shift of Japanese manufacturing production away from Japan, industry sources said yesterday. "Demand for petrochemicals in South-east Asian countries is particularly
        Bernama- Kvodo  -  211 words
      • 243 20 Reuter SYDNEY China has begun importing bulk refined sugar for the first time in many years because of rapidly growing demand for the finished product, said an Australian refiner that claims to have sold the first shipment. Mackay Refined Sugars (MRS), an equal joint
        Reuter  -  243 words
      • 331 20 He warns ol danger in Japan's excessive dependence on the dollar TOKYO Bunk of Tokyo (BoT) chairman and former finance ministry official lo>oo Gvohten said yesterday that the current turmoil in the currency markets is not just a problem between the US and
        331 words
      • Article, Illustration
        1620 20 Inuit- M inJr% mk uluntJ atain*l S'i**t' s t<i* 14 notJinv [\iitru t Has* %\w JW.< US$/S$ forward rates Noon /Ma> 8 sjs Bid Offer I-month I W2 7 I 3842 2 month 1.3776 1.3791 3-month I 3 7 26 1.3741 fv month ***** 1.3618 Source: OCBC FOREIGN CURRENCY NOTE
        1,620 words
      • 320 20 ENERGY REPORT Reuter NICOSIA Opec oil output rose to just under 25 million barrels per day (bpd) in April, the Middle East Economic Survey (Mees) said yesterday. Production from the 12- member Organisation of Petroleum Exporting Countries hit 24.99 million bpd in April,
        Reuter  -  320 words
      • 291 20 AFP, Bloomberg Business News NEW YORK The dollar fell against other major currencies yesterday in quiet New York trading following the breakdown in US-Japan auto talks. The US is threatening to impose punitive tariffs on imports from Japan. Japanese officials have said they will appeal such
        AFP, Bloomberg Business News  -  291 words
      • COMMODITIES & FUTURES
        • 1307 21 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed mixed in quiet trade while Eurodollars weakened after the release of US non-farm payroll data last week, dealers said. There is market speculation that the US may lower interest rates, some dealers noted. "Personally I don't think
          Reuter  -  1,307 words
        • 569 21 COMMODITY REPORTS Palm Oil KUALA LUMPUR: The Malaysian crude palm oil physical prices ended broadly lower yesterday in quiet trading due to the absence of fresh incentives. Dealers said the cash market was directly following the CPO futures contracts with prices drifting following selling
          569 words
        • KNIGHT-RIDDER COMMODITY SUMMARY
          • 108 21 KUALA LUMPUR Bigger Indonesian tin exports will hurt a price recovery under way in the world tin market. Malaysian smelting firm sources say. The world's largest tin exporter, Indonesia, plans to ask the Association of Tin Producing Countries to allow it to raise
            108 words
          • 147 21 SINGAPORE India's recent thirst for gas oil is not expected to be quenched until July because of continued shortage of the oil product in the north of the country, traders said. A significant drop in oil production at the Mathura Refinery, the harvest season
            147 words
          • 79 21 NEW DELHI India's 1994-95 (July-June) foodgrain output has been estimated at around 185 million tonnes, versus 182.12 million a year earlier, the food ministry said yesterday. The ministry's 1994-95 annual report said the final estimates will be available in June. The annual report said
            79 words
          • 85 21 NEW YORK Quexco's planned purchase of Metallgesellschaft lead operations should boost production. currently centred on its US production facilities, operated by wholly owned RSR Corp. Quexco will produce around 275,000 short tons of secondary lead through the Dallas-based RSR. and it also owns a
            85 words
      • 1466 21 SICOM Futures May 8 Rubber (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest I 254 00 1225 Jul 246.00 2425 Aug 243.50 2025 Sep 241.00 1650 Oct/Dcc 234.50 233.50 234.50 600 5250 Jan Mar 96 234.50 2850
        1,466 words
    • REGIONAL STOCK MARKETS
      • 1104 22 +0.4 SHARES closed fractionally firmer despite subdued trading yesterday ahead of today's hudget, with new data reducing fears of an imminent rise in interest rates, dealers said. The key All Ordinaries Index closed 0.4 points firmer at 2.066.3 and the All Industrials Index rose 2.8 points to 3,074.4 but
        1,104 words
      • 614 22 +32.37 Taiwan share prices closed higher as a wave of late buying in plastics and textiles boosted market sentiment, brokers said. The Weighted Price Index fluctuated within a narrow range all morning before ending up 32.37 points or 0.57 per cent at 5,674.53. Turnover was a modest NTS3O billion.
        614 words
      • 326 22 -11.21 Shares declined, led by newspaper publisher Wilson Horton Ltd after Friday's restructuring of its major shareholders. The company said it would pay shareholders a NZSI.SO a share special dividend. That included Brierley Investments, which sold its 28 per cent stake to interests associated with Irish entrepreneur Tony
        326 words
      • 450 22 -8.07 Share prices took a dive on the Korea Stock Exchange yesterday. as a consolidation mood prevailed following a substantial climb last week, brokers said. The Composite Price Index slid 8.07 points to settle at 910.39 points in cautious trading. Trading was moderate with 20.89 million shares worth 361.3
        450 words
      • 149 22 +5.23 Indian blue chips traded in a narrow band as speculators and local funds stayed on the sidelines. brokers said. On the Bombay Stock Exchange (BSE), shares were stagnant and cautious brokers said they were waiting for the outcome of a governing board meeting to discuss the M S
        149 words
      • 455 22 Manila \«i Ma> 8 »V*i (VOU) \Hs< RN -i mm 22* \pe* Mining 1*1* t 1*12 W«t Apes Mining B nit? Uln 5 KM VlLas ons B Mill \>ala(orp\ 25t*»> -5<»> Ht \vala orp -H 31 OHO -I VII 110* Asala Properti A 'I <■» Vvala Property R '2H*I -1500
        455 words
    • WORLD STOCK MARKETS
      • 241 22 +9.43 German stocks tracked bonds higher amid optimism that easing US interest rates would eliminate pressure for a German rate rise. "The only positive influence in the market today has been the German bond market." said a trader. Ten-year government bond, or bund, futures for June settlement traded on
        241 words
      • 168 22 1.87 Belgian shares consolidated recent gains to end little changed in lacklustre trade but dealers said they were confident of further gains on the back of lower interest rates. "The picture of interest rates has changed completely," said an analyst. Some dealers said the upcoming May 21 general election
        168 words
      • 170 22 -119 Italian shares closed more than one per cent down after market confidence in the pension reform accord between unions and the government was undermined by Italian employers' dissent, traders said. Domestic players also were seen seizing profit-tak-ing opportunity after recent market strength. The Mib-30 Index closed 196 points
        170 words
      • 270 22 -0.80 Dutch shares edged sideways in the second half of the session leading the AEX Index to a marginally lower close in thin trade. Dealers said a holiday in London markets had taken the edge off trade in Amsterdam, but were comforted by the relative stability of the index.
        270 words
      • 135 22 -4.57 Swedish stocks fell on concern that a spate of record first-quarter earnings merely signals the beginning of an slowdown in earnings growth. Yield-sensitive shares in banks, insurers and construction companies benefited from a rise in bonds. The yield on the benchmark 6 per cent bond due 2005 fell
        135 words
      • 254 22 +8.3 Swiss shares ended slightly firmer with prices firming in the afternoon after remaining little changed during the morning session. Dealers said volume was low due to a holiday in London. but the outlook was nevertheless positive. The Swiss Market Index of leading shares closed 8.3 points at 2.658.8.
        254 words
      • 402 22 -28.2 South African shares ended generally softer yesterday as a London holiday dampened trade and few fresh factors emerged to influence direction, dealers said. Traders said the market was hopeful that foreign interest, which buoyed prices earlier last week, would return and help stocks resume a recent strong run.
        402 words
      • 233 22 +0.80 Stocks were mixed in lacklustre early trading as the market takes its direction from sluggish Canadian bonds, traders said. The TSE-300 Index edged up 0.80 points to 4,279.10 on volume of 5.70 million shares valued at C 568.30 million. Toronto's eight weak sectors were led by communications and
        233 words
      • 735 22 10.72 Stock prices turned moderately higher in quiet trading early yesterday as the market tried to bounce back from late last weeks sell-off in the blue chips. The Dow Jones Industrial Average, which fell 16.26 points on Friday, was ahead 10.72 points to 4,354.13 at II am EDT.
        735 words
      • 1334 22 London Ma> 5 Pent* Industrials A. A. Corp Adr 57 2/8 -I 2/8 \B Ports 2*7 2 Abbes National -464 -4 Allied Lyons 547 4/8 -7 4/8 Amcc *7 >2 Aigyl 289 -3 4/8 Asda Group 77 6/8 2/8 BAT Ind 474 2 BICC 329 -7 4/8 BOC Group 743
        1,334 words
    • Article, Illustration
      3032 23 Bloomberg Business News HONGKONG Stocks registered their biggest gains in seven weeks yesterday as investors interpreted a rally in US bonds on Friday to mean that interest rates would not go higher here. The Hang Seng Index rose 156.19 points to 8.488.36. That was the biggest one-day rally since
      Bloomberg Business News; Source: Bridge Info  -  3,032 words
    • Article, Illustration
      574 23 CLSA H shares in Hongkong rallied in active trading, up 20.73 points to 1,081.14. outperforming the Hang Seng Index. Turnover increased 24 per cent to HKSB9 million with Shanghai Petrochemical remaining the most actively traded stock. Despite robust trading in H shares, turnover in the two B share markets
      CLSA  -  574 words
    • Article, Illustration
      2543 23 AFP, Bloomberg Business News TOKYO Share prices closed fractionally higher yesterday on futures-linked buying in light of post-holiday trading as many investors sat on the sidelines for a lack of clear direction. The Nikkei Stock Average of 225 leading issues rose 15.03 points to finish at 17.103.69 while the
      AFP, Bloomberg Business News; Source: Bridge Info  -  2,543 words
    • Article, Illustration
      1754 23 Reuter BANGKOK Stocks closed slightly up on late buying of some pulp and paper, finance and communication counters by foreign-led institutional investors. brokers said. The SET Index closed up 4.95 points at 1.288.01 after fluctuating between 1.277.16 and 1.297.84 in heavy trade. A total of 131.9 million shares worth
      Reuter; Source: Bridge Info  -  1,754 words
    • Article, Illustration
      1186 23 Reuter JAKARTA Shares closed higher in moderate trading on buying of some big capitalised stocks despite profit-taking, brokers said. "Buying interest was recorded in big-capped stocks such as Gajah Tunggah. Indosat and BDNI." one broker said. Budi Acid Java, a chemical company which made its debut on the market
      Reuter; Source: Bridge Info  -  1,186 words
    • 2703 24 Gr <-r IW Last Vol Da) IjbI Quote Dh Dh VH JW M f «P High Low Company Sale (DOOl High law Bu»r Seller CV P't 'n" 1 MALAYSIAN STOCKS 478 146 m MSB 50c 290 -16 494 314 2*9 2*9 290 3 0 -2 9 0.3 J»
      2,703 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 7032 24 AFP KUALA LUMPUR Most Malaysian share prices ended a technically-troubled trading day lower despite a slightly higher close of the key index, with institutional buyers still sidelined, brokers said. The KLSE Composite Index added 1.38 points to 957.82 points on small gains by
        AFP; Source: Bridge Info  -  7,032 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8924 25 M W. IW I ail V«J Da, IM QtwU D» Di. Vy Cap A* High Low Coapaay Sale C000) High Low Buyer Seller Or P't I*"" INDUSTRIAL AND COMMERCIAL 482 382 mis Ainu 50c 382 cd -24 638 400 382 382 384 22.5 3.0 8.0 526.6 405 450 450 is
        8,924 words
      • 1948 26  -  By R Sivanithy SINGAPORE Malaysian stocks were unable yesterday to add significantly to the gains they made last Friday, but local blue chips enjoyed some institutional interest. Property stocks were among the day's top gainers here, while the biggest loser not unexpectedly was
        Charts by Bridge Info; Source: Bloomberg  -  1,948 words
  • Page 15 Advertisements
    • 546 15 NEWS VALUE SPH, Keppel, HK Telecom win mobile phone licence (pg 1) Immediate impact on prices of affected stocks likely to be muted. Private residential prices up 2.7% in first quarter (pg I) No surprises. S'pore needs more IPCs to grow (pg 2) IPC trading close to its low. Aokam
      546 words

  • Page 16 Advertisements
    • 326 16 MRiiline An SPH AudioTex Service ENGLISH NUMBER Children's Funland Funicmd Quiz 910 0001 Usborne Book Line Supernatural Cinema 910 0002 Horse Racing Results 911 0001(*) 4D/Sweep/Toto Draw No 970 911 0002(*) Tele-Games I Crack. The Safe A Mrs Wizard's 911 0003 Crystal Ball 9 Mensa Line J Puzzles In ST
      326 words
    • 44 16 Financial News \W^%\ A Quick Look At The I Mfl I Market I Call 24 hours a day for I SES KLSE II reports, closing world I I reports business news. Cost. 30 ccnts a minute Organised by: IT 1( > An SPH AudioTe* Service
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    • 49 16 REAL-TIME ACCOUNTS ON THE LAN. AVAILABLE IN SINGAPORE! More and more companies in Singapore are I J 4 using FACT to gain the competitive edge in an increasingly competitive market. You can do the m same. Switch to FACT Real-Time Business INSTANT Accounting Software. Toll Free 1800-*****32. accounting power
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  • Page 17 Advertisements
    • 94 17 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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    • 231 17 ft* f MAESS H MAROINffi&aS? Si HI SHARE FINANCING TE" W USE OUR RESOURCES TO f m GENERATE MORE SHARE POWER m i ML w m <| Ri n m 1 r m 3 kj F H gj IPPI MARGINjM/I lets you purchase stocks shares MRj np up to 3
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  • Page 18 Advertisements
    • 400 18 I 66 You know, sometimes I wonder how I can After signing these off on my Amex card, I go After lunch at the club, it's hack to the hotel for a accomplish so much in only a few days. Oh, ahead and splash a little on myself. After all,
      400 words

  • Page 19 Advertisements
    • 684 19 I CATEGORY Men's Man's Man's Woman's Woman's Woman's J A I Open Junior Valwm Open Junior Vttmimi I age (20yn& |40yn& Ncage (20>n& (35)n& I aboej M abcH Team Entry sign up for big walk '9si Frne persons may form a team arul enter the team event without affecting the
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  • Page 20 Advertisements
    • 58 20 Emerging Markets INVESTOR The first magazine to look at all emerging markets from the institutional investor's perspective. New Funds' Surveys "Market Statistics "Global Analysis People Profiles "Investment Trends Simply fax/post your business card marking it EMI. Risk Publications, #1802 Kai Wong Comm Building, 224 Queen's Road Central, Hong Kong. Tel
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  • Page 21 Advertisements
    • 694 21 TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF TTA FREIGHT PTE LTD (In Members' Voluntary Winding Up) NOTiCE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the members
      694 words
    • 26 21 The London market was closed yesterday. As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      26 words

  • Page 22 Advertisements
    • 32 22 The Philippine stock market was closed yesterday for congressional and local elections. EXTRA SPECIAL IN EVERY SENSE The I>ondon and Paris exchanges were closed yesterday for the 50th anniversary of V-E Day.
      32 words

  • Page 23 Advertisements
    • 87 23 Celebrating Fish. Let's drink to fish. BouiUabalse or Tom Yam? Top of the M celebrates fish with a lunch buffet of every Imaginable Jqp fish recipe. Salmon, sole, snapper, sea bass... if it can be caught. It can be cooked. And we know all the otme delicious ways. Continental or
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  • Page 24 Advertisements
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  • Page 26 Advertisements
    • 311 26 M THE MATTER OF THE COMPAMES ACT, CAP 90 AND M THE MATTER OF TIEN WAN MOUDMMS (S) PTI LTD (In Member*' Voluntary Liquidation) NOTICE Of FMALMEETtKi NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50, that a Final Meeting of the Members of the
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    • 29 26 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room witn a convenient, fast-acting classified ad. CATS. 1800-737-1166
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    • 374 26 BUSINESS T I M H S TOLI.-FRRF. TEI.. No. 1-800-741-1883 FAX:74I-1298 NOTICE NOTICE IS HEREBY GIVEN that, I Chua Kim How of Apt Blk 4 Chai Chee Road #02-144, Singapore 1646, have applied for a 2nd Class Licence in respect of premises at M/s Osahime Sushi Restaurant at 2 Finlayson
      374 words
    • 354 26 NOTICE NOTICE IS HEREBY GIVEN that, I Tang Tat Cheong of 30, Saraca View, Singapore 2880, have applied for a First Class Beer House Licence in respect of premises at M/s Swee Kee Fish-Head Noodle House at 96, Amoy Street, Singapore 0106, and that this application will be considered in
      354 words
    • 362 26 NOTICE NOTICE IS HEREBY GIVEN that, I Loi Pok Yen of 53 Jalan Sampurna Singapore 1026, have applied for a Public House Ist Class Licence in respect of premises at M/s Billy Bombers (S.E.A.) Pte Ltd at 200 Victoria Street #02-52 Parco Bugis Junction Singapore 0718, and that this application
      362 words

  • Shipping Times
    • 334 27  -  By Rahita Elias SINGAPORE Container throughput at the port of Singapore jumped 15 per cent year-on-year in January to 946,400 20-foot equivalent units (TEUs). This is lower than the 23 per cent achieved in January 1994. The fall is due mainly to
      Source: PSA  -  334 words
    • 600 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5
      600 words
    • 354 27 FT LONDON The Royal Dutch Shell Group has merged its international shipping and oil trading arms as part of its efforts to streamline the business. It expects to cut the costs of its oil trading and shipping operations by 15 per cent
      FT  -  354 words
    • 587 27  -  This is a fortnightly column that highlights important shipping court cases By Ramesh Divyanathan SINGAPORE A shipowner paid the price for a vague telex when the High Court made it liable for a lawsuit by an agent. The case. Marco ship Agencies SJn
      587 words
    • 254 27 Reuter MANILA An expanding Philippine economy and a deregulated domestic shipping industry are expected to strengthen the position of William Lines Inc, which is due to be listed on the Philippine Stock Exchange on May 15. analysts say. The country's biggest
      Reuter  -  254 words
    • 2103 28 TH£ Baltic Freight Index edged down slightly on Friday but the prevailing view among brokers is that rates in the near future wiH remain at least steady. "There are guts in this market yet," said one broker of a grain house looking for a modem Panamax in the
      2,103 words
    • 723 29 The container leasing industry as a whole appears to be recovering as the beneficial consequence of two years of cautious investment Seatrade Review FOR more than 20 years, the Institute of International Container Lessors (IICL), which represents the world's leading container leasing companies,
      Seatrade Review  -  723 words
    • 10547 36 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
      10,547 words
    • 725 39  -  The Singapore connection in Australia is proving bountiful for the South Korean car maker, reports Florence Chong from Sydney Florence Chong WHEN Singapore businessman Ong Beng took over the dealership for Hyundai cars in Australia from Alan Bond's Bond Corporation in 1991, the
      725 words
    • 3391 40 A Xm.BC. C ontainerline NV: Bclsin Shpg Agencies Pte Ltd (Sy Marine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Lid (Sy Accord Contr Line (PK/PN). Vdkris Business orporatkm Philippine Calsource Shpg Trdg Pte Ltd (S) Xhrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata
      3,391 words
    • 288 40 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air txpms Intel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cit)-lank International Tel: 344-3377. Fax: 345-6450 C luster link Supplies Sen
      288 words
    • 1531 40 Xbex Fx press Freight Td: 542-7171. Fax: *****84 Aclinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight Inlernalional Tel: 545-8033 Fax: *****05 Aerospeed Tel: 542-5911 Fa*: *****18. Air Cargo Novo Express Tel: 542-5454. Fax *****06 Air I xprevs Inlernalional Tel: 542-7666 Fax: *****74.
      1,531 words
    • 2300 41 AUSTRALIA Queensland: Abbot Point: Coal: 6 vessels due, no delays. Dalrymple Bay: Coal: Two vessels loading, 1 waiting, 22 vessels due. 1 day delay. Hay Point: Coal: Two vessels loading, 5 waiting, 7 vessels due, 2-3 days delay. Gladstone: RG Tanna: 1 vessel loading. 21 vessels due. no
      2,300 words
    • 1323 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Hep Name of Vessel ETA ETD Ports of ills Port Agent [fkpbot No MAY 09 09 Renaissance I Cruise to Nowhere Renaissance Cruises 222-3388' 09 09 Columbus Caravelle Kukup Harpers Shipping 221-1388 09 09 Megastar Taurus Port Kelang Star Cruise Shpg Ag 276-7828-09 09
      1,323 words
    • 1165 41 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
      1,165 words
    • SHIPS IN PORT
      • 663 42 VetMt Voy No Berth VtnjI Departure 05/02/95 J2 alongside 0905,2300 &i(*a Angget* V536 112 alongside 0905 0600 Cte Oriente 15, 6 alongside 0905/0600 M* Be 05/02/95 12 alongside 09 05/2300 Hondo 05 03/95 )1 alongside 0905/1300 Pauo PV166 1/ alongside 09 05/2300 Prasetya lestan P96 12 alongside
        663 words
      • 1605 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AMP LCL CARGO Record Bookinf/Balance Rstts Ship Voy No Etb/Btr Period From To From k s*ar 169A 10/1000 IB 08/1500 08/1659 08 1900 3 09 0/00 09/1159 09 1400 4 09/1200 09/1459 09 1/00 Aitetory
        1,605 words
      • 837 42 TtllS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more cqmprehensive description of the market. Prices shown are based on average-sized stem. Market movements a* indicated. The Cockett Bunker Price Index change and
        837 words
      • 527 42 Carbon Cartxw May 4 (tarty Wator Rente A* Akimm Scdmnt Density Rater Residue Ash Miiui SeftnenC W 1 M/M t** 0 Luani KGIT3 t*/V MM MM PPM method KG,M*3 V/V ".MM MM PPM method 10 im .10 oio- M 03 1,3 0 08 28 *,C» 180
        527 words
    • AIR AND LAND TRANSPORT NEWS
      • 451 44  -  From Alec Almazan In SEATTLE CATHAY Pacific's first Boeing 777-200 was rolled out yesterday from the assembly line of Boeing's plant here. The plane represents the first of 11 firm orders for the 8777 and an option for 11 more by Cathay in
        451 words
      • 152 44 Bloomberg Business News HONGKONG China National Aviation Corp (CNAC), a Chinese state-owned company trying to establish a Hongkong airline, has bought a new Boeing 757-200. The purchase has heightened concern that CNAC will challenge the territory's leading carrier, Cathay Pacific Airways, the
        Bloomberg Business News  -  152 words
      • 101 44 AFP THE BEIBU GULF, China Armed Chinese paramilitary police guarding fishermen who they caught smuggling Japanese cars (background) from Vietnam to southern China's Hainan Island, after they boarded the fishermen's boat in Beibu Gulf between Vietnam and Hainan last month. The value of contraband merchandise seized in
        AFP  -  101 words
      • 199 44 AFP SYDNEY Cut-price airline Virgin Atlantic Airways is expected to announce this week direct flights from London to Sydney, exposing existing operators to tougher competition on the trans-Asia route, government sources said yesterday. The British carrier has held rights to fly here since
        AFP  -  199 words
      • 295 44 AFP BEIJING China has unveiled a blueprint for a major expansion of its inefficient and over-burdened transport system by 2000. with the stress on increasing capacity to meet the demands of economic development. Total railway length is to be boosted 19 per cent to
        AFP  -  295 words
      • 337 44 AFP SYDNEY South Korea's Hyundai Motor Company is planning offshore production facilities in 13 countries to help it become one of the world's top 10 car makers by the turn of the century, company chairman Chung Se Yung has
        AFP  -  337 words
      • LOG BOOK
        • 112 44 Reuter BEIJING China produced 303,000 cars in the first quarter, up 10.3 per cent compared with the same period last year, Xinhua news agency said yesterday. Sales reached 306,000, up by 16.03 per cent, while stocks were at 47,000, down 4.47 per
          Reuter  -  112 words
        • 101 44 Reuter WASHINGTON The Federal Aviation Administration (FAA) has placed the main Israeli aircraft repair station under close supervision after discovering lapses in maintenance on US-owned Boeing 747s there, the Washington Post reported in Saturdayeditions. The paper quoted FAA officials as saying the agency stopped short
          Reuter  -  101 words
        • 74 44 Bloomberg Business News DETROIT Eight Japanese car makers are close to an agreement with US federal regulators to replace millions of potentially defective seat belts made by Japan's Takata Inc. the Detroit Ne»s reported recently. Replacing the belts for free could cost car makers
          Bloomberg Business News  -  74 words
        • 75 44 Reuter DUBAI One of the smaller of six airports in the 7-member United Arab Emirates (UAE) says it is expanding passenger and cargo handling facilities to meet sharply higher demand from shopping tourists from the former Soviet Union. Last year the airport handled 24,595 tonnes
          Reuter  -  75 words
        • 82 44 UPI NEW DELHI An Uzbekistan Airlines passenger plane made an emergency landing in India on Sunday after a mid-air collision with a bird left a 60cm hole in the aircraft's fuselage. The Tashkent-bound airplane hit the bird immediately after takeoff from New Delhi's Indira
          UPI  -  82 words
      • 214 44 AFP SYDNEY The Australian government is hopeful talks with Hongkong late this week or next will move towards settlement of the bilateral row over Qantas' intra-Asia traffic rights, officials in Canberra said yesterday. Senior departmental officials of both governments met for
        AFP  -  214 words
      • 1679 44 CHy nw CTO FlgM ETO_ Cl£ Fid* ETA HP Um PtaH GA882 2310 Fiwla SQ989 1700 SQ990 0105 fHiliHi QF81 1930 Qf82 2055 6—— SR187 2225 SQ228 2120 H—I VN741 1310 VN740 1410 Amsterdam K1831 0925 GA974 0020 TG 40 7 2105 TG408 0820 SQ327 1530
        1,679 words
      • 201 44 AFP CAIRO The private Egyptian airline ZAS which temporarily closed a month ago because of financial problems has rejected a US$l2O million (*****.8 million) takeover bid from an Israeli company, a ZAS official said on Sunday. "ZAS has rejected an offer from the Israeli
        AFP  -  201 words
  • Page 27 Advertisements
    • 27 27 REGIONAL ANALYSIS Every Wednesday in Business Times GET IT NOW! The primary source of information on Indonesia's economic and business affairs. For subscription, please call 1800-749 2577
      27 words
    • 25 27 Lines and services represented by Member* of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089
      25 words
    • 140 27 Container lessors set ambitious agenda despite setback, Page 3 Hyundai gets into top gear Down Under, Page 13 Boeing completes first 8777 for Cathay Pacific, Back Page NOTICE TO SHIPPERS As a result of recent radical changes in currency values it has become necessary to Realign Ocean Freight Rates. The
      140 words
    • 16 27 New Express Service HAMBURG E. EUROPE Effective from April '95 Pis see Pa 6 for schMc
      16 words

  • Page 28 Advertisements
    • 1443 28 i othcr dcstinations ~l i wowth america i L. I g» I S l|^C o WO>^rn^/ WWOAPOfgCALIFORNIAEXPfIgfSgMRgCTfWOM WgtTCOAyn I I-. on 222.., If. |gj w y|"yl wul^l ,aMu l Muwg "l"3 jaSfl owuwo yahcowp kattu |fo« '*n "TT~IFuI S3 jvi il ii il il Wli ii a 2 JJ J
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    • 298 28 CONVENTIONAL INDONESIA SERVICE VESSEL ETA ETC DESTINATION SAN WALIE 16(5 17/5 JAKARTA SURABAYA CHAHAYA SEJATI 126 136 SEMARANG. JAKARTA KURNIA SEJATI 205 216 JAKARTA. SURABAYA. PAOANG WALIE DUA 2S/5 27/5 JAKARTA. FULL CONTAINER SERVICE SINGAPORE TO JAKARTA VESSEL VOY STORE LOAOMG PORT CARAKA JN 319 SJSI 105 JAKARTA (terthngftWl) CARAKA
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  • Page 29 Advertisements
    • 966 29 1 s mxnmaisammm* 1. cmtipmiftyft jo» customs? sewce tel.- sxemus fax zstaotmm I 7SDSMBIL CTWTfAX-*****63 I If SEALORD SHIPPING AGENCIES B|WL/VCY SIX 'p%c "la~ SHj l KWI ~AW~ PMM BAH DOW" I »M BMP BUM MMi ALNMMICIIBW I*B as 27* 2*B 31S 3*5 3*5 31/5 2S AL MMQAB CIIBW 15*
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    • 671 29 ANL. IT'S AUSTRALIAN FOR SHIPPING W TO AUSTRALIA (EAST COAST) FROM AUSTRALIA (EAST COAST) vesseuvoy jkj no up syo mci iu* hoi kssii/voy iik syo mcs tun hoi jkt tar pks A JAYAKARTA MS MVS IU9 12M !<« 21 IK HD S2/M A JAYAMRTAIM 15.04 21/«4 M/M ID FT A.
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  • Page 30 Advertisements
    • 1383 30 «SSR ¥0Y m rOAM ANT IHA SIC* PKEUNG SIN HKG KAO TVO SM K0« NAG nuMßnr opttss nm'm ?'/< *)/< 21/4 ivs it/s UTT "~n7s~ ~Wi IUOW6SHtffIIEXmSS H/416 tt/4 2Q/4 W/4 ?t/4 7S/4 IS/S IS/S 11/S TVS 72/S 73/5 HWItOOfOM li7?ir tt/4 «/4 77/4 30/4 H/5 TVS IsTT 1/t »/S
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    • 553 30 /fSllllllKHlt t Spore P Ketang LABANI IN PT 11/5 Rdm/AhwAJK/Nartes I ads E7W. Malaysia. Indonesia I I Loading It* I AOEUNA Dubai/Darnrnari/Xuwart I NAZU K Jeddah/Port Sad I SAMMI FRONTIER Oubai/Damman/Kuwart/BahrairVDoha I toads Singapore, EVW. Malaysia. Indonesia I Loading for I SAMMI FORTUNE Los Angetos/Nsw Orlsans/ I I Charteston/NorfolWCamden I
      553 words
    • 1236 30 NORASIA 1 VSUVOV^^^^^^SlN^AU»BCLVA^^HAE^BR^flo^AN^^FE^^u!^n NOR SHAAJAH 4614-3 1(V06 2405 0281 UIW (fc« 43.04 0106 0464 H46 0661 I SI MOTIVATOR SI6W 1686 04,06 1286 1386 1486 1586 1586 IM6 1686 1786 I SEA INITIATIVE 526W 2466 1385 1786 1686 1786 1686 1686 1686 1186 2686 I NOR MALTA 6621-3 3186 2686
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  • Page 31 Advertisements
    • 1417 31 Ml STRAITS SHIPPING PTE LTD mgßt 10 Hoe Chlani Road #11-01 Keppel Towers Sißiapora 0200 Ttl: *****00 Fax: *****17 new guinea pacific line (A service of china navigation co) CAfIGO DUE SAILS bsZZr^ STTUUTSHOK V9501E MMra.Lat.KK MMay 11 M«y 12May STRAITS VENTURE V9SOK KK.SkM.Ta* 11-12 May 13 May IS May
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    • 1889 31 Hit P&O Containers Singapore Agencies) Pte Ltd 1 First Class Connections WORLDWIDE Tel: 225 2233 .^Tele^ 7517 CR Number *****9 *****Z EXPORT IMPORT vcsscl voy I Sm sou amt rot mam oot era lch LOUIS MAERSK 9906 06/05 09/05 11/05 29/05 31/05 02/08 '""H 1 ,25* m 001 *>T NAM
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    • 490 31 OWOUWO PKL PEW JOH «W HKG KAO TAI B WTBMGM WWiM ■gnwrngw ww mm imb n-uw im» iw im» aw hm am aw aw iwihmim wn IMB nw taw h-hw aw nw aw aw aw aw nw wwwHwmwm hw *m 17m imw am t*m aw aw n» m» mi mwiHwaom
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  • Page 32 Advertisements
    • 426 32 SEAWARD SHIPPING AND TRADIN6 CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUE JADE 17/5 15/5 loading lor Male IRUVAIHUOHU 22/5 Loadmg lor Japanese Ports PIONEER SUPREME 25/5 loading for Male UMMEEDH 20/5 Loading tor Male PROGRESS LIBERTY 30/5 Loading tor Bangkok PIONEER ELEGANT 28/5 Loading for
      426 words
    • 1145 32 0 HANJIN SHIPPING BOOKINGS TEL: *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 ran UNEHAUL SEA YVR POX FOR VSL r»N~| UNE HAUL SAV 1* NYC HANNN 9ARCELONA 0231 M WRECT J 1% Vt HANJM KUNSANIISE 12li M PROGRESS ME 1M 1M 1M 155 S2SJ M M 1M
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    • 41 32 SOON KIAT SHIPPING I PTE LTD HWWWWMW aOTMNOUK REGULAR SERVICE TO SARAWAK BMMB SPOM bl Pv|ut 08/15 17/tS Superior Glory 9Uto Mali Tom HM 07/95 1 0t>5 Icilill up Pw)w»rra« mtm/tm tmtifm kM<nnms*t« M TM hi w— to H4»TI Mi IIMJIWW
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  • Page 33 Advertisements
    • 1628 33 EXPRESS 10 FELIXSTOWE, ROTTERDAM AND HAMBURG AffßCf WWW* cTsTar'TmppThg pre ltd ""i,'"'",'., Sr «KSSS. mbs""" rx'.r"-"""" aw"» sr.™ s?ss%~» ss.,.i« hi I 7 3UHM/H7 Fn n ssatm From: U.!A.-E«tCo«t Ftom/Chlna/Hon, Kon, HE»BW»YA« [MP MKO SNA KM OAL QM KSHLVOYAGE Wrt ML I*®' FHmoau" <m* sssss. r*U 2406 asms S. ss
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    • 761 33 j) HEUNG-A SHIPPING (KOREAN FLAG) FUUT CONtIUNBUZiD SttVKl 1 1 CONVBITIONAL SttVlg MMTAm Ifts W» |SMI IT IW|w |K MM IWS |«8| W |«T |S»T IW6 I OOMAIISIM 11/5 14/15 M/M 0/05 I »/05 I >Ifl4 I H/jT 03/04 Mfl} fl* »M I'jfljl' wrow \i/u\n/K Igg I w/H I m/m
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    • 596 33 (ft FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 16/05 ROTTERDAM 09/051 AARHUS/COPENHAGEN 16/05 HAMBURG/BREMEN 09/05 MARSEILLE/FRANCE 09/05 FELIXSTOWE/UK 15/05 BARCELONA/SPAIN 10/05 LEHAVRE/FRANCE 09/05 GENOA/ITALY 13/05 ANTWERP/BELGIUM 12/05 LOS ANGELES/WC/IPI 15/05 SYDNEY/MELBOURNE 09/05 NEW YORK/EC 15/05 FREMANTLE/ADELAIOE 12/05 VANCOUVER 12/05 BRISBANE 13/05
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  • Page 34 Advertisements
    • 1061 34 f!" [vessel voy sin I pew I^B 3 VIRA BHUM 131S Wed I<V5 Sat 13/5 THANA MUM 120N Tue In Pt Wed 10/5 H ?£5 BHATRA BHUM 79S Fri 12/5 Moo 15/5 j BUNGA SEROJA 5071 Tue mPt Thu 11/5 I^H Wed 10/5 Sat 13/5 WANA BHUM 277S Sun 14/5
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    • 577 34 79 ANSON ROAD, <21-01, SINQAPORE 0207 TEL: 2203—2 FAX: *****67 CR > **********0N STRAITS SHUTTLE SERVICE PORT KLANQ PENANQ V* BB l 1 VOY I SW PW. VESKL VOY I SIW fa SEA LAUREL 3Bt 116 (THU) 12/5 (FRI) MCC CONVEYOR 5027 106 (WED) 126 (FRI) EBRtE JMLm 26Q2Z 12&EBU
      577 words
    • 205 34 ft—_ GOLDEN LINE GUAM GUAN SHPPING (PTE) LTD 23. Tsiok Aysr 9kwt SMGAPONE 0104 1 TEL: *****68 (10 LINES) Fax: *****04 (CRN* **********0W) «TRAITI/PE»«IAW OULF IMVICP S"pore PJ<eiang Penang GOLDEN BEAR KaractVDubai/Kuwait 12/14 May GOLDEN STAR KaractvOuba/Ku*a« 26/28 May china mag GOLDEN WONDER Shangha 16/18 May SHI BAD Huangpu/Shanghai 20/22
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  • Page 35 Advertisements
    • 1192 35 I ADVANCE CONTAINER LINES (PTE) LTD _^tk I 140 Cecil Street, #12-00, PIL Building, Singapore 0108 j\ 1.1 TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL ■HP CR NO. **********0E IhMJkXtk il [vessel voy |»s<l hk tm vteoeL vov mn *t «e« EQUATOR MU 10W |(TM|^ 11/oel »un||l4AM (TIM 1
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    • 816 35 **********0Z VESSELS VOY SM LE HAVRE HAMBURG THAMES ROTTERDAM ANTWERP VLLEDEVELA VOBW 09/06 30/06 01/06 03/06 04/06 06^06 BALTIC SKOU TpgW 18/06 18/06 14/06 16/06 1&06 VNXEOEUBRA LOOM 23/06 13/06 15/06 17/06 18/06 VILLEOE NORMA NO9W 30D6 20/06 22/06 24/06 »06 2M* ALSO ACCEPTING CARGO TO ALL U. K. DESTINATIONS.
      816 words
    • 672 35 MYANMA ISBBk FIVE STAR LINE (Myanmar National Line) w Loading for Yangon (Rangoon) S port P Klg PEN P Gog SITTWE V67E SLD PATHEIN VI32W IN PT PAGAN V22OW 15/05 MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES TEL 02 03 *****00 PKL TEL 02-03-*****01 PEN TEL 02-04-*****02 PGD: TEL 02-07-*****21/4 IfH NIGERIAN
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  • Page 38 Advertisements
    • 523 38 SRICHRELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****18/*****03 TELEX: RS ***** RtSHIP (3 Lines) CR NO: **********0E 1® ETHIOPtAN SHIPPING UNES J (N*lmml Lines of ElHopta) ACCEPTING FCL AND CONVENTIONAL Vmml Voy ETA Loading for Spor» AtotoayWon* 44W8 27/06 And Hat 40WB 20/07 H KIEN HUNG
      523 words
    • 405 38 AFGHANISTAN M&M Afghanistan Ltd., HkJH Hairatan, Torghundi, Islamqala (Doqhamn) mwmOcuwm c.i.s./russia: Alma Ata. Ashkhabad. Baku, Dushanbe. I Uiirw«h Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow. Mlinzer 01 muncn Novosobtrsk, Sochi, Tashkent, Tbilisi. Vladivostok, Vostochny Mongolia: Ulaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA ALSO ACCCPTI NO
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    • 190 38 FOONG SUN SHIPPING (PTE) LTD WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 ■OOKNMVKNQUIRIKS CR NO: 10MM*****W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FBSHIP VESSEL VOY ETA ETD DESTINATION SUN RAY 8/95 15/5 17/5 PUkJU/MLEMBANG NEE OIAKI 7/95 15/5 17/5 PONTIANAX/SINTETE GULF KHALID 1/95 10/5 11/5 BENGKULU^AOANG GULF SULTAN
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    • 368 38 JLAfI MN CONTAINER LINES, INC rT~wT3 Agents: MAC-NELS SPORE: *****22 (24 UNES) l IV/ V J CW MO» **********01 SIBU (064) *****9 KUCHMG (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P. KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31)*****0 I ASIA HKG/TWN/BKK GENOA/EUROPE I PEN PKL
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  • Page 43 Advertisements
    • 494 43 HYUNDAI MERCHANT MARINE CO. LTD, WESTBOUND TO EUROPE BKG: *****61 |wm m ro rasa w I w Imr tut In— [mi |m 11/ M il/M 11/ts N. HKMTKI IHW 15/65 M/M 14/0* M/M M/M M/M M/M 17/05 19/ M M/M N.CONMMM USW M/M M/M 11/ M M/M 11/ M 11/
      494 words
    • 332 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACfTY UPTO 50 TONS VBM VOT OtAMJ BOON 61 m/K IMBUtVOS OG NOUS 2 U/0S IS/OS aw 41 10/05 11/05 KUOMC IS/B&MMU 17/05 asacnoa 12/B mm»iv»«mm ia/k OMUII/OV BM/M MMM««/MSMOMM/M MtfOV/M OMSK I 11/K
      332 words
    • 586 43 lie* vor »ra/» \n oak lot m*/ax Ihou litre \w* ul Mumuam ua 11/ts iz/» am juk urn nm tut w/w it/ti *a»*mn* ISA i»/os/iyos m j7/» mzm w/ot w/» n/» n/tt ausaotiwH <U n/K/x/H urn urn u/ot is/0* »6/06 1 k/% i»/» 20/06 CBM WMHMCTOM It «7A 01 /QA/W/06
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  • Page 43 Miscellaneous
    • 306 43 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1.3 1.5 1.8 2.0 2.2 2.3 2.3 2.1 1J 1.5 1.2 1.0 09 0.9 10 1.2 1.4 1.7 20
      306 words