The Business Times, 19 May 1995

Microfilm: NL19983
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 194/12/94 Friday May 19 1995 WE KNOW Mil, 85"
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow down 35 points
      63 1 Reuter NEW YORK Stock prices tumbled yesterday on profittaking and a government report of a bigger-than-expected trade deficit. The Dow Jones Industrial Average lost 34.93 points to 4,387.67 at Ipm EDT. In the broader market, declining issues led advancers by more than two to one in
      Reuter  -  63 words
    • Article
      Lock icon Ukraine parliament gives new powers to president
      34 1 AP KIEV, Ukraine The Ukrainian parliament yesterday approved a law giving President Leonid Kuchma sweeping new powers, including the right to appoint cabinet ministers without legislators' approval.
      AP  -  34 words
  • Article
    MARKET SUMMARY
    168 1 Stock market indices Thursday Change ST1I 2,163.47 +3.18 KLSEComp 1,019.28 +2.46 Nikkei 16,312.56 -158.79 Hang Seng 9,115.72 -54.52 SET Index 1,344.50 -11.22 Jakarta Comp 457.84 -6.76 Manila Comp 2,745.43 -34.14 Taipei WPI 5,758.53 -12.93 Seoul Comp 880.41 -5.79 Bombay BSE30 ..3,276.32 +47.03 CLSA China B 771.33 +22.95 Aust
    168 words
  • Article
    Police charge 7 people over $80m theft of share scrip
    499 1  -  Certificates stolen from vaults at Citibank's Shenton Way branch By Conrad Raj SINGAPORE The police have arrested and charged seven people in connection with what may be the biggest theft in Singapore's history the stealing of nearly $80 million worth
    499 words
  • Article
    Lock icon US$ need not fall further against yen: Bergsten
    536 1 Reuter TOKYO There is no need for the dollar to fall further against the yen in order to reduce the US current account deficit, although its overall weak trend is seen continuing, said C Fred Bergsten, director of the Institute for International
    Reuter  -  536 words
  • Article
    Lock icon Dollar takes a tumble in NY
    190 1 Bloomberg Business News NEW YORK The dollar plunged from 11-week highs against the deutschemark, and slumped against other major currencies, as investors decided yesterday's early gains were overdone in light of reports showing a slowing economy and a stubbornly high trade deficit. The dollar
    Bloomberg Business News  -  190 words
  • Article, Illustration
    Lock icon Govt gone berserk over hanging of Contemplacion, says Romulo
    427 1 Reuter, AFP MANILA The Philippines' former foreign minister who lost his job in a diplomatic row with Singapore yesterday said his government had "gone berserk" over the hanging of a Filipina maid in the island republic. Roberto Romulo directed his strongest
    Reuter,; AFP  -  427 words
  • Article
    Prices slip as much as 11% on 2nd day of HDB land auction
    599 1  -  By Abdul Hadhi SINGAPORE Sentiment in the market for 99-year-leasehold landed property took another major knock yesterday. Prices slipped and attendance more than halved on the second day of a Housing and Development Board auction of sites.
    599 words
  • Article
    S'pore, KL stocks fall despite late rally
    192 1 SINGAPORE Trading in the local stock market was choppy yesterday, with prices closing generally lower in spite of a late rebound. The Straits Times Industrials Index first sank eight points before sentiment turned up in the afternoon. The blue-chip index settled at a
    192 words
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      226 1 fi CONTENTS Spore News 2 S pore*su 19. 20 Regwiwl News 3.4,6 Financial 23. 24 World News 8.9 Features Markets Analysis 17 Oob/KLSE, S£S 2830 EAtonal 16 Regional .26 Sports 15 World 26 TV/bf«style 13 Currencies .24 Ad Marketing 11 Simo/Commo .24.25 Subscription Tel **********7 Fax *****75 BT Tel *****18
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      19 1 Advertising: Pg E4C enters food supply scene AIG Asian Infrastructure Fund to invest USssom in Indovision Group, Pg 3
      19 words
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      Page 1 Advertisements Column 3
      110 1 Hock Lock Siew: pg 19 Bambang link will win VDH more fans Ixwer rates matter more: analyst, Pg 23 OECD's prescription for stable currency market, Pg 8 Other countries urged to help Filipino workers, Pg 3 H PSA's target markets THE Port of Singapore Authority is targeting China, India and
      110 words
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      105 1 tidttom Line: 18 An ignominous tjuhartrm^ eMIKIMOTO The Originator of Cultured Pearls Since 1X93 C T. H(K) #01 22 Tangltn Shopping Centre. I Singapore J&SSJSia A L FRED DIINHI LL 'BPIHHP^Hff^ 1 >■ j'. x^H^V cw» I jj 1 2H!~ m j -*fIP a ciF^^ 1 -M^' M 1 y^
      105 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Govt deposits drop significantly
        327 2  -  By Shiv Taneja BANK DEPOSITS owned by Singapore government and statutory authorities have fallen significantly for the first time signalling a reversal of what has been a steady upward trend. Monetary Authority of Singapore figures show that at end-March, such bank deposits stood at 514.7 billion,
        Source: MAS  -  327 words
    • Article, Illustration
      House with no view? No problem, just paint one
      137 2  -  Text and photo by Arthur Lee WHEN you have a large garden, several dogs and a koi pond, it can be hard to add more without worrying about having to take care of it all. Unless it's something that needs little
      137 words
    • Article
      PUB awards $668m in contracts for new power grid
      348 2  -  By Michelle Low THE Public Utilities Board yesterday awarded $668 million in contracts to build the first phase of a new high voltage electricity transmission grid. PUB deputy chief executive Choy Hon Tim said at a news conference that if the
      348 words
    • Article
      Talks on for buyout of Internet service provider
      304 2 THE National Science and Technology Board (NSTB) has invited eight companies to look into a buyout of govern-ment-funded Internet service provider Technet. And negotiations are under way with several shortlisted parties. Technet was set up at the National University of Singaprovides Internet
      304 words
    • Article, Illustration
      Discovery Channel to debut on cable TV next month
      483 2  -  By Catherine Ong THE Discovery Channel, an award-winning US programmer sometimes called "the National Geographic of television', will be seen on cable TV in Singapore from June. It has signed a deal with Singapore Cablevision to operate a 24-hour service. A
      483 words
    • Article
      Building body spends $4m yearly on training of unskilled workers
      278 2 TWO-THIRDS of the $6 million that goes into the operation of the Construction Industry Training Institute each year is channelled to the training of unskilled workers. The Construction Industry Development Board's chief executive, Lam Siew Wah, said this yesterday in
      278 words
    • Article
      Hitachi unit opens $13m plant to meet rising demand
      194 2 HITACHI Powdered Metals (S) yesterday opened a $13 million plant at Tuas to meet growing demand for its products. The company makes components such as ball bearings and compact toolings for use in the automobile, consumer electronics and machinery industries. Since
      194 words
    • NEWS ROUNDUP
      • Article
        Govt gives assurance on Ebola virus
        88 2 THE Ministry of the Environment and Ministry of Health said yesterday that the risk of the deadly Ebola virus being introduced into Singapore was extremely low as there were no direct flights from Zaire where there has been an outbreak. Also, the virus is
        88 words
      • Article
        Toa Payoh upgrading show launched
        89 2 TOA PAYOH GRC MP Ho Tat Kin launched the upgrading exhibition for Toa Payoh Lorong 1 Precinct yesterday. The precinct, which has 14 blocks housing 1,820 flats, is the largest to be offered the main upgrading programme so far. At least three-quarters of the residents
        89 words
      • Article
        Albanian minister here for 3-day visit
        57 2 DR ALFRED Serreqi, the Minister for Foreign Affairs of the Republic of Albania, arrived in Singapore yesterday for a three-day visit. His itinerary includes lunch with Foreign Minister Prof S Jayakumar and briefings at the Economic Development Board, Jurong Town Corporation and the Trade
        57 words
      • Article
        NPB targets floral industry for aid
        87 2 THE floral industry is the latest group to be targeted for help by the National Productivity Board. iThe NPB and the Singapore Florist Association will lead a delegation of 15 companies on a study mission to the US from May 21 to 27. The
        87 words
      • Article
        HR conference to be held here
        89 2 REGIONALISATION, corporate restructuring and global competitiveness seen from the eyes of human resource managers is the focus of the 4th Asia-Pacific HRM Conference on May 29 and 30. Among the speakers will be Professor Henri-Claude de Bcttignics of Inscad and Stanford University, who is
        89 words
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      88 2 111, North Bridge Road, Level 11 Peninsula Plaza, Singapore 0617. W: (65) 336 6577 Fax: (65) 339 5291 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from yoor usual newsstand because of the higher demand lately. To ensure
      88 words
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  • SOUTH-EAST ASIA
    • Article
      Asia-Pacific computer market posts strong 33% growth
      298 3  -  By Claire Leow SINGAPORE The market for personal computers grew 33.2 per cent in the Asia Pacific region excluding Japan last year, with 5.4 million units shipped, says US consultancy firm Dataquest. Slower growth of 26 per cent is expected this year, says
      298 words
    • Article, Illustration
      Lock icon Anwar and Daim bury rumours of frosty ties at book launch
      433 3 The Straits Times KUALA LUMPUR Deputy Prime Minister Anwar Ibrahim and former finance minister Daim Zainuddin yesterday took a big step in burying rumours of their frosty relationship. Mr Anwar launched a book on Mr Daim, saying he was
      The Straits Times; Reuter  -  433 words
    • Article
      Lock icon Ramos urges other countries to help Filipino workers
      333 3 AFP MANILA President Fidel Ramos, in a speech before foreign ambassadors, yesterday appealed for the cooperation of other countries in helping the estimated four million Filipinos working overseas. Mr Ramos said these workers were "a major concern of our diplomacy today and
      AFP  -  333 words
    • Article
      Lock icon Jakarta, Hanoi urge self-restraint by claimants over Spratlys
      362 3 Reuter, AFP JAKARTA Indonesia and Vietnam called for self-re-straint by claimants to the Spratly Islands, where a row between China and the Philippines raised tension this week. Indonesian Foreign Minister Ali Alatas expressed concern yesterday and urged claimants to pursue dialogue to
      Reuter,; AFP  -  362 words
    • Article
      AIG Asian Infrastructure Fund to invest US$50m in Indovision Group
      371 3  -  Money to fund launch of digital broadcasting satellite From Maggie Ford in JAKARTA INDONESIA'S Indovision Group, which will launch Asia's first digital broadcasting satellite next year, is to receive a US$5O million (Ss7o million) investment from the AIG Asian Infrastructure
      371 words
    • Article
      Lock icon Thai govt expected to survive crucial vote
      232 3 Reuter BANGKOK Thai opposition members of parliament made fresh attempts yesterday to topple Prime Minister Chuan Leekpai, denouncing his administration's handling of a controversial land-reform programme. For the second day, the opposition focused an attack on the land programme, key to government attempts
      Reuter  -  232 words
    • NOTE BOOK
      • Article
        Lock icon Anwar raps polls commission
        86 3 AFP KUALA LUMPUR Malaysian Deputy Prime Minister Anwar Ibrahim criticised the independent election commission yesterday for its refusal to recount votes in last month's polls, despite several miscounts uncovered in recent weeks. "My contention is that the votes do not seem to tally," Mr Anwar told
        AFP  -  86 words
      • Article
        Lock icon M'sian industrial output index up 14%
        61 3 Bernama KUALA LUMPUR Malaysia's index of industrial production in the first quarter of this year rose by 14.6 per cent to 199.7, compared with 174.3 in the same quarter in 1994. The Statistics Department said all three divisions under the industrial sector mining, manufacturing
        Bernama  -  61 words
      • Article
        Lock icon Indon banks may see more competition
        72 3 Reuter JAKARTA Indonesia's central bank governor urged local banks to prepare to meet the challenge of foreign competition. Sudradjad Djiwandono told a banking seminar that he expected more foreign banks to set up operations in Indonesia following efforts to free up trade and investment.
        Reuter  -  72 words
      • Article
        Lock icon Ministers snuff out Suharto successor talk
        67 3 Reuter JAKARTA Two senior Indonesian ministers have tried to stamp out renewed debate on the issue of who might succeed the country's ageing President Suharto, the official Antara news agency reported. Ministers Susilo Sudarman and Jusuf Habibie both urged against any discussion of who
        Reuter  -  67 words
    • Article
      Lock icon Indon minister vows to solve murder of labour activist
      195 3 Reuter JAKARTA Indonesia Manpower Minister Abdul Latief pledged yesterday to get to the bottom of the brutal murder of a labour activist. Police reopened investigations into the murder of Ms Marsinah after the Supreme Court early this month freed seven people
      Reuter  -  195 words
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      133 3 MM MUSTJE p ,j.^ r ..3SS£ > K -v >0 T* > vV --...-j* Lie.,.— >*«£■'"-v. BUY A SEAT CAR NOW AND YOU COULD COLLECT $$$s IN OUR BIGGEST EVER CASH BONANZAS Be the linlo to win BIG MONEY. 10 lucky buyers will each win f y— $10,000 (limited to
      133 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Lu Ping: HK will keep civil service, capitalist system after 1997
      513 4 AP. AFP HONGKONG In a wideranging outline of how it will treat Hongkong, China yesterday assured the colony that it will keep its civil service, capitalist system and freedom of travel after it reverts to Chinese rule in 1997.
      AP.; AFP  -  513 words
    • Article, Illustration
      Lock icon Let a thousand red umbrellas bloom!
      54 4 AFP SHANGHAI Twenty thousand red umbrellas unfolding as flowers in the Botanical Garden of Shanghai yesterday as part of a creation by Chinese artist Di Nai-zhuang. The show entitled 'Nature Decorated by Red' is part of an exhibition, 'The Art of Earth/ which concludes
      AFP  -  54 words
    • Article
      Lock icon China state firm reform must go on: World Bank
      313 4 Reuter BEIJING The World Bank says China must press ahead with reform of state-owned enterprises if it is to maintain economic growth and prevent social unrest. Reform of lumbering state enterprises, a state priority in 1995, appears to have been bogged
      Reuter  -  313 words
    • Article
      Lock icon Moody's says HK's credit rating reflects uncertainty
      422 4 Guangdong inflation spilling over into territory: agency Reuter HONGKONG Moody's Investors Service yesterday said Hongkong's A3 credit rating continues to reflect political and economic uncertainty stemming from the colony's growing integration with China. Moody's rating on the foreign currency obligations of China is
      Reuter  -  422 words
    • Article
      Lock icon Taiwan's growth this year tipped to top 7%
      161 4 AFP TAIPEI Taiwan's increasing exports are expected to boost the island's economic growth to a four-year high of 7 per cent this year, the Commercial Times said yesterday. The newspaper said the Directorate General of Budget, Accounting and Statistics (DGBAS) will adjust
      AFP  -  161 words
    • CHINA WATCH
      • Article
        Lock icon Taiwan okays US$250m investment
        75 4 Reuter TAIPEI Taiwan approved 31 foreign investment projects on the island worth U*****.3 million (*****.4 million), the Investment Commission said in a statement. This mainly includes a big investment in local airline Far East Air Transport Corp by two foreign holding firms, with U*****.7 million by
        Reuter  -  75 words
      • Article
        Lock icon Deng put on ventilator, says report
        66 4 Bloomberg Business News HONGKONG Chinese leader Deng Xiaoping underwent throat surgery six months ago and is now on a ventilator, the South China Morning Post reported, citing unnamed Chinese and diplomatic sources. Mr Deng had a tracheotomy, in which the windpipe is cut in
        Bloomberg Business News  -  66 words
      • Article
        Lock icon China expects 45m tourists in 1995
        78 4 Bloomberg Business News BEIJING China expects 45 million visitors this year, 5.5 million of them non-Chinese, the China Daily cites Sun Gang, deputy director of China National Tourism Administration, as saying. The foreigners will spend some US$B billion (S$ 11.2 billion), he said. Sales
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Office rents in HK continue to fall
        75 4 Bloomberg Business News HONGKONG City Property Consultants said office rents in the Central and Admiralty financial districts continued to fall last month, the South China Morning Post reported. Rents in the two districts fell 0.6 per cent last month to an average of
        Bloomberg Business News  -  75 words
    • Article
      Lock icon Surge in Hongkong property deals, but prices remain soft
      322 4 Reuter HONGKONG Despite a surge in Hongkong property deals to near record levels in April, prices are not expected to rebound before the second half of the year, analysts said yesterday. Newly released government figures recorded 12,964 property sale and purchase
      Reuter  -  322 words
    • Article
      Lock icon Nuclear plant fault costs China US$100m
      337 4 AFP BtIJING A design fault at China's first major nuclear power plant, Daya Bay. has already cost some US$l (X) million (SSI4O million), a senior nuclear official said this week, expressing frustration with the French builders. Framatome SA. The first of Daya Bay's twin
      AFP  -  337 words
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      434 words
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      387 4 NOTICE To the holders of the U.S. $200,000,000 Floating Rate Notes Due 1997 of: BANK OF CHINA (Zhongguo Yinhang) 410 Fuchengmennei Dajie Beijing People's Republic of China We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for the Interest Period beginning on 18th
      387 words
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  • ASIA
    • Article
      Lock icon Japan's April trade surplus shrinks 2% year-on-year
      326 6 AFP TOKYO Japan's trade surplus shrank 2 per cent from a year earlier to US$lO.9 billion (5515.15 billion) in April and was also down from US$l3.B billion in March, the finance ministry said yesterday. It said the increase reflected a smaller surplus with
      AFP  -  326 words
    • Article
      Lock icon Australia in A$160m revamp of legal system
      199 6 Ridder CANBERRA The Australian government yesterday unveiled a Asl6o million (*****.5 million) legal reform package that goes some way toward reducing regulation of the country's legal system. However, the government's so-called Justice Statement carries a heavy political spin by targeting the legal needs
      Ridder  -  199 words
    • Article
      Lock icon Number of Japanese firms going bankrupt up 10.6%
      276 6 AFP TOKYO Japan's corporate bankruptcies in April rose 10.6 per cent from a year earlier to 1,301 cases, with recessionlinked failures remaining at a high level, Teikoku Databank said yesterday. But the number of failures with liabilities of at least 10 million
      AFP  -  276 words
    • Article, Illustration
      Lock icon NZ manages to avoid clash but racial problems remain
      339 6 Reuter WELLINGTON New Zealand stepped back from the brink of racial confrontation yesterday but differences between Maoris and whites lay exposed as starkly as ever. Faced with the prospect of being evicted by police, a group of up to 150 Maori
      Reuter  -  339 words
    • Article, Illustration
      Lock icon Top Aussie Packer's wealth almost halved
      349 6 Australia's richest list Bloomberg Business News SYDNEY The fortune of the richest Australian, Kerry Packer, dropped by nearly half in the past year, according to the annual list of the nation's 200 richest people. Business Re^nlVeekly's tralians. estimate *Slxi*SHps wealtn dropped 45 per cent
      Bloomberg Business News  -  349 words
    • Article
      Lock icon Garment exporters to sack child labourers
      133 6 AFP DHAKA Bangladeshi garment exporters have voted overwhelmingly to sack hundreds of child workers, but rejected a plan for phased layoffs and education, a spokesman here said yesterday. "The exporters have agreed that all child labourers in their factories would go by Oct 31
      AFP  -  133 words
    • ASIA NOTES
      • Article
        Lock icon Public support for Japan's cabinet falls
        67 6 AFP TOKYO The support rate for the cabinet of Japanese Prime Minister Tomiichi Murayama fell steeply to a record low of 33.6 per cent in May, down from 39.7 per cent in March, a major daily said yesterday. The disapproval rate stood at 49.7
        AFP  -  67 words
      • Article
        Lock icon N Korean nuclear officials head for KL
        68 6 Reuter TOKYO North Korean negotiators left Pyongyang yesterday for Malaysia to hold talks with their US counterparts aimed at salvaging a stalled nuclear accord. According to Korean Central News Agency, the delegation is headed by Vice-Foreign Minister Kim Kye-gwan. Earlier this week, the
        Reuter  -  68 words
      • Article
        Lock icon Indian consumer electronics exports up
        73 6 AFP NEW DELHI India's exports of consumer electronics touched US$l22 million (S$ 170.8 million) in fiscal 1994-95, a jump of 30 per cent over the previous financial year, a trade body announced yesterday. The Electronics and Computer Software Export Promotion Council said growth in the
        AFP  -  73 words
      • Article
        Lock icon 16 officials suspended for graft
        82 6 AFP NEW DELHI Sixteen transport officials here have been suspended for corruption after a journalist received a driving licence in the name of Indian Vice-President KR Narayanan by paying bribes. Madan Lai Khurana. chief minister of the city of New Delhi, ordered the suspension yesterday
        AFP  -  82 words
    • Article
      Lock icon Rao faces party crisis as critics seek his ouster
      403 6 AFP NEW DELHI India's embattled Congress (I) party may split today for the third time, when Prime Minister PV Narasimha Rao's increasingly vocal critics stage a mass rally aimed at ousting him as party chief. More than 5.000 members of one
      AFP  -  403 words
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      243 6 CYC celebrates IPPr^M hI at wV W Tft ■fr>of perfect shirts Tailor-made for those who have it made. CYC is celebrating 60 years of excellent shirts. From April 27th to June 30th, m < you can have two custom-made white shirts for only $43* each. Such an offer is hard
      243 words
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      660 7 miinit office innii I This can't go on forever The cost of office space in Singapore reached an allfenragn Capital Vklua jOn thownd SI) time high in December 1994 with a sale at 551,886 per sq. ft. No wonder savvy investors are now looking 14 L elsewhere for lower capital
      660 words
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  • THE WORLD
    • Article
      Lock icon Clinton threatens to veto Republican spending cuts
      440 8 Bloomberg Business News WHITE PLAINS, Maryland President Bill Clinton vowed to use his first veto to kill a US$l6.7 billion (5523.2 billion) package of cuts the Re-publican-controlled Congress wants to make in current spending. And he unveiled a package of cuts designed to
      Bloomberg Business News  -  440 words
    • Article
      Lock icon White House warns against research cuts
      374 8 Lower spending will erode US technological lead, Republicans told AP WASHINGTON A "willynilly" rush by House Republicans to cut government research spending would destroy a fourth of the federal science establishment and would result in the loss of US leadership in key industrial technologies,
      AP  -  374 words
    • Article
      Lock icon Whitewater probe and Ron Brown affair haunt Clinton
      229 8 Reuter WASHINGTON US President Bill Clinton was hit by political embarrassments on Wednesday with escalating legal troubles for Commerce Secretary Ron Brown and a Senate vote to revisit the Whitewater controversy. Mr Clinton said he wanted Mr Brown to stay on in
      Reuter  -  229 words
    • Article, Illustration
      Lock icon Trying to hit it off with voters?
      50 8 Reuter BRUSSELS A man seems in imminent danger of being hit on the head by a giant fist which is the feature of a poster exhorting Belgians to vote for the right wing Flemish Vlaams Blok party in the elections on Sunday. Keuter
      Reuter  -  50 words
    • Article
      Lock icon OECD's prescription for stable currency market
      198 8 Knight-Ridder PARIS Global currency market instability might be dampened if the US cut its budget deficit further, while Japan accelerates the opening of its markets, Paye, secretary-general ofthe Organisation for Economic Cooperation and Development, said yesterday. "Currency market evolutions, notably in the dollar and
      Knight-Ridder  -  198 words
    • WORLD WATCH
      • Article
        Lock icon EU parliament rejects farm price hike
        109 8 Reuter STRASBOURG The European Parliament followed the advice of its budget experts and rejected an amendment from the agriculture committee for a one per cent increase in farm prices in 1995-96, officials said. Voting was 195 against, 116 in favour with 44 abstentions. The
        Reuter  -  109 words
      • Article
        Lock icon Kinkel to quit as party head
        67 8 Reuter BONN German Foreign Minister Klaus Kinkel yesterday announced he would step down as head of the liberal Free Democrats at their annual congress in June after the party suffered two more defeats in state polls. Mr Kinkel's post as foreign minister does not
        Reuter  -  67 words
      • Article
        Lock icon EU aid for Baltic countries
        69 8 AFP WARSAW Baltic Sea countries are to receive a major cash injection from the European Union, a foreign ministry official said here on Wednesday ahead of a two-day conference of 10 Baltic-perimeter countries. EU officials will outline a "Baltic programme" to foreign ministers from the
        AFP  -  69 words
      • Article
        Lock icon Bundesbank leaves rates unchanged
        61 8 AFP FRANKFURT The central council of the Bundesbank yesterday held its key rates unchanged, the bank said. The discount rate was held at 4.0 per cent and the Lombard rate at 6.0 per cent. The last time the bank reduced its rates was on March 30
        AFP  -  61 words
    • Article
      Lock icon US veto kills UN resolution on Israeli land move
      262 8 NYT, AP, AFP UNITED NATIONS The Clinton administration cast its first Security Council veto yesterday, killing a resolution that called on Israel to reverse a decision to expropriate land in largely Palestinian areas of Jerusalem. The United States was alone in
      NYT,; AP,; AFP  -  262 words
    • Article
      Lock icon EU quotas on Chinese imports only fatten middlemen, say toy firms
      219 8 AFP BRUSSELS European Union quotas on toy imports from China have allowed "profiteering middlemen to line their pockets at the expense of EU companies", European toy manufacturers said yesterday. Michael Loveland, chairman of the Toy Manufacturers of Europe's (TME)
      AFP  -  219 words
    • Article, Illustration
      Lock icon Hurd to propose free trade zone across Atlantic during US visit
      339 9 UK foreign secretary to suggest removal of non-tarifT barriers as first step UPI LONDON British Foreign Secretary Douglas Hurd will propose on his current US visit that North America and the European Union begin work on a new transatlantic
      UPI  -  339 words
    • Article
      Scandal rocks Tories on eve of debate on standards in public life
      435 9  -  Former minister accused of using MP's name on a motion in which he had vested interest From Neville Stack in LONDON BRITAIN's Conservative government has been hit by a new scandal on the eve of a parliamentary debate
      435 words
    • Article, Illustration
      Lock icon Armour drama
      83 9 Reuter SAN DIEGO, California Paramedics and police officers trying in vain to save the life of a man with a gunshot wound on Interstate 163 here on Wednesday. The man had earlier stolen a tank from a National Guard armoury and terrorised a residential area by running over
      Reuter  -  83 words
    • Article
      Lock icon Russia forges economic, military ties with strategic Turkmeniya
      302 9 AFP MOSCOW Russian President Boris Yeltsin met with Turkmeniya's President Saparmurad Niyazov yesterday and cemented economic and military ties with the strategic central Asian state. The Russian and Turkmen delegations signed 23 agreements, ranging from the sensitive issue of rights for Russians
      AFP  -  302 words
    • Article
      Lock icon Deal may save Berlusconi's TV empire
      206 9 Bloomberg Business News MILAN Former Italian prime minister Silvio Berlusconi's television empire has reached preliminary agreement with political opponents to scrap a June 11 vote that could force him to sell two of his three networks. Fininvest SpA, Mr Berlusconi's company, said the agreement
      Bloomberg Business News  -  206 words
    • Article
      Lock icon US citrus exporters could be first victims of trade war
      349 9 AP NEW YORK The first casualty in a trade war with Japan, aside from luxury' Japanese car dealers, could be Florida's citrus industry. If the United States is willing to do without Lexus and Infiniti models, Japan is willing to
      AP  -  349 words
    • Article
      Lock icon Europe plans further drastic reform of agriculture policy
      381 9 FT LONDON The European Commission will produce plans by the end of the year for further radical reform of the Common Agricultural Policy along with regional and social spending to enable new member states to join, commission president Jacques Santer said on
      FT  -  381 words
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      389 words
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      276 9 once style our aptly as does cloth es. Handpicked by our experts our includes tribal, village c f y carpets. Some which been a longer than the SUNDAY AUCTION Sunday May Grand Ballroom 10am Ipm. <>* Ifyou change your carpet. IB Ifyou decide that the carpet you purchased at our
      276 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      323 10 'A Landmark in Time Place' The time is NOW, the place is Johor Bahru < 1 i 0; w B 1»A A f* I a" 188 I." B H» 188 L*a 11 As an investment, returns on office space in Menara Landmark are expected i to exceed 8 percent Why?
      323 words
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  • ADVERTISING & MARKETING
    • Article
      EAC enters food supply scene
      498 11  -  Subsidiary Aspac Marketing has already secured $20 million in business, reports Michelle Low Michelle Low SYNERGY is one overused word, but in the case of diversified Dutch trader East Asiatic Company (EAC), it would sure come ia handy. The century-old EAC distributes a wide range
      498 words
    • Article, Illustration
      Lock icon Faded map launched Italian brand of luggage
      537 11  -  Today, Prima Classe is a US$2OO million a year business, reports Corinne Kerk Corinne Kerk Alviero martini never thought that a faded map he found in Moscow would be the start of a US$2OO million (SS2BO million) a year business. The Italian designer
      Photo by Arthur Lee  -  537 words
    • COPY LINES
      • Article
        DDB wins Readers Digest top prize
        63 11 SINGAPORE Readers Digest has given top prize in its Global Pegasus Awards to DDB Needham Hongkong for its double page spread for Audi Quattro. Meanwhile Batey Ads picked up a certificate of merit for a Singapore Tourist Promotion Board ad. Readers Digest now has
        63 words
      • Article
        O&M to hold media seminar
        58 11 SINGAPORE Ogilvy Mather will hold a one-day seminar on May 26 on advertising and marketing opportunities in the next decade. The seminar will deal with the media revolution that comes with radical change in technology and telecommunications, and evolving consumer trends. O&M Singapore executive media
        58 words
      • Article
        Lock icon HK's SFC sets guide for unit trust ads
        63 11 Bloomberg Business News HONGKONG The Securities Futures Commission (SFC), the territory's top securities regulator, published guidelines for advertising mutual funds and unit trusts in an effort to clamp down on misleading ads. The guidelines illustrate the SFC's policies on the use of
        Bloomberg Business News  -  63 words
      • Article
        Staff award for 3 chains
        62 11 SINGAPORE The Cold Storage group has found a new way to motivate staff, courtesy of the Tanglin Rotary Club. The club last month honoured the group's staff best employee awards. Staff at Cold Storage Supermarkets, 7-Eleven stores and Guardian Pharmacy outlets were judged on appearance,
        62 words
      • Article
        Lock icon Sussex police to put ad in gay magazine
        66 11 AFP ENGLAND The Sussex police force, seeking to "dispel the myth" that it was anti-gay, will include a homosexual magazine in its recruitment advertising for 110 new officers, a spokesman said on Wednesday. Personnel director Mark Lamb said the force would place
        AFP  -  66 words
      • Article
        Lock icon Letterman show draws advertisers
        70 11 NYT NEW YORK However Late Show With David Letterman fares in the ratings this week during the CBS programme's first visit to London, it is scoring success on one front: attracting British advertisers. British Airways and Cadbury Schweppes pic are taking advantage of Letterman's week of
        NYT  -  70 words
      • Article
        Lock icon Three research firms join hands
        55 11 NYT NEW YORK Three market research companies Nielsen Media Research, Yankelovich Partners, and ASI Market Research have formed a strategic partnership to develop research services for measuring the use of on-line computer services and the Internet. The alliance, called ANYwhere Online, will focus initially on
        NYT  -  55 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      368 12 This BUD's For You/ OF BEERS^^^m TH€ MOST AUTH€NTIC ITRURN PfiSTA PIZZA IN TOWN Pa it a JLowersT^ ALL-TIME ITALIAN FAVOURITES... "TSEARIR TO THE EAST^k PACTA FRESCA DA SAIVATORE PTI LTD JuStSf 30 foot Quay S<0104) (Off! 24 HOUKS) U; *****13 *****10 Ik 133 M« llmli ImJ U 4«Mm/4«2oo7r^lSV^ 350
      368 words
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      Page 12 Advertisements Column 2
      352 12 COSMOPOLITAN FARE At Cafe Carousel Feast as much as you can from a wide VARIETY OF DELECTABLE CUISINES FROM ALL OVER THE WORLD. $16.80 (lunch) $18.80 (dinner) PRICES SUBJECT TO lO* SERVICE CHARGE. 1* CESS ft 3* GST (NOT AVAILABLE ON 14 MAY) (Jawsd J4 r i o/fe* »o« i#
      352 words
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      Page 12 Advertisements Column 3
      247 12 WHERE TO WINE, DINE AND ENTERTAIN I* "GOOD OLD FASHIONED FUN. AT CLUB 5." English and Chinese all-time favourites performed live'. Drinking and dancing. Fashion show every Monday and Thursday. Happy Hours Monday to Friday. 5 pm 8 pm, with one for one standard drinks. Club 5. It's the place
      247 words
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      Page 12 Advertisements Column 4
      265 12 Jancy 'Beijing? Then, we 're delighted to suggest the "Pine Court for a memorable dining experience. Our lunch menu offers a variety of dian *in "Beijing dumplings, a selection QXTT of set menus, and "Beijing specialities such as Beijing "Dueßalked Tench and Oh*™® :Marinated Lamb, fancy some nou>? HfSTaVraVT JB.
      265 words
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  • LIFESTYLE
    • Article, Illustration
      MTV, radio music under scrutiny
      592 13  -  Are they fillers? Shahiron Sahari sums up the views Shahiron Sahari WHEN you come right down to it, is music on the radio and music television stations nothing more than just a Filler between commercials? Phil Tripp, director and managing partner of Australian media Firm
      592 words
    • Article
      Lock icon A doll with warts and all to fight clean Barbie
      197 13 Reuter MOVE over Barbie, here comes the Feral Cheryl doll complete with tattoos, unshaven legs, pierced nipples, feathers. pubic hair and dreadlocks. Feral Cheryl's maker, Lee Duncan, says the teenage doll was designed for alternative Australian lifestylers who did not
      Reuter  -  197 words
    • Article
      Lock icon Controversial themes mark annual show
      647 14  -  Led by The City of Lost Children, French films make a comeback at Cannes, Christopher Burns reports Christopher Burns AP YOUTHFUL directors and controversial themes highlight the 48th Cannes Film Festival, the annual extravaganza which opened on Wednesday with the apocalyptic story of a madman
      AP  -  647 words
    • Article, Illustration
      Lock icon Script crisis looms as Fest turns 100
      525 14 48th Cannes Film Festival AP THE first public exhibition of a motion picture was held in Paris 100 years ago this Christmas, so it is no surprise that the organisers of the Cannes Film Festival chose the centennial as this year's theme. What
      AP; Reuter  -  525 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      173 13 WHERE TO WINE, OINE AND ENTERTAIN (llairnlpll jSteak Pauee Open Daily Lunch 11.30 am 2.30pm Dinner 6.30pm 10.30pm (Last order 10pm) Western Japanese Set Lunch at $1150+ Monday to Saturday 160 Orchard Road #81-01, Orchard Point, Singapore 0923. Tel: 737 4564,734 4956 Fax: 736 1922 100% olive oil! no cholesterol
      173 words
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      Page 13 Advertisements Column 2
      145 13 at 9 Siamese <&i ns q J Visit us for lunch from 15 May 1995 to 30 June 1995 and you can indulge in 12 delicious dishes at only $12++ per dish. Hurry come down to 45 Craig Roadjanjong Pagar, Singapore 0208. Remember, it's Siamese Fins restaurant and not any
      145 words
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      Page 13 Advertisements Column 3
      16 13 1 See Sunday fysJUeW a Sunday Classified special on antiques, collectors' items, and arts crafts J
      16 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1034 13 1 TV A RADIO To James Earl Jones narrates the n&mr >■ s!S^^^E tale of Noah's Ark, with j animation by Peter Spiers. < Grammy Award-winner Stew- i v V *%g-: an Copeland doe«» the orches- Kim Basinger is Karen Mc( o>. Lug* >i|jL/ a skilled but unsueeessful cat HRr
      1,034 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      61 14 Kitchens of the 90s in HDBs, condos and bungalows v m mmmm Bfl m Great under $20 MB Win $15.000 We'll design your of dining furniture Available at newsstands Times the Bookshop NTUC Supermarkets 7-Eleven stores STOP PRESS kiosks Browse Buy fla at post offices Shell Esso# Caltex Mobil SPC
      61 words
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      Page 14 Advertisements Column 2
      30 14 uirji SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. Business Times we mom asia
      30 words
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  • SPORTS
    • Article, Illustration
      Lock icon World Cup fever builds up as most teams fly in
      755 15 Rugby World Cup Reuter, AFP JOHANNESBURG Rugby World Cup fever began building in earnest on Wednesday as most of the teams arrived in South Africa with cautious assessments of their chances. Kitch Christie, coach of the host team, told reporters
      Reuter,; AFP; Reuter  -  755 words
    • Article, Illustration
      Lock icon All Blacks to try shedding underdogs tag at this year's World Cup
      637 15 AFP PARIS The legendary All Blacks will make history at this year's World Cup by starting as underdogs. The 1987 winners, for so long the giants of the game, failed to reach the final four years ago and
      AFP  -  637 words
    • SCORE CARD
      • Article, Illustration
        Cricket
        29 15 WORCESTER, England Rain prevented any play on the second day of the thrcc-day match between Worcestershire and West Indies on Wednesday. Score after first dav: West Indies 114-2.
        29 words
      • Article, Illustration
        Golf
        132 15 PALM BEACH GARDENS, Florida Ryder Cup standings (Sep 22-24 at Oak Hill Country Club, New York)- Europe: 1 Seve Ballcstcros (Spn) 343.654.32 pts 2 Constantino Rocca (I ta) 257.019.61 3 Colin Montgomerie (Scot) 248.115.33 4 Bernhard Langer (Gcr) 220,201.40 5 Sam Torrance (Scot) 214.041.38 6 David Gilford (Eng) 210.187.79
        132 words
      • Article, Illustration
        Tennis
        247 15 ROMK LSS2 million Italian Open 2nd rd Wednesday 3-Goran Ivanisevic (Cro) b Vince Spadca (US) 6-4 6-3: 7-Thomas Muster (Aut) b Jan Siemcrink (Ned) 3-6 6-4 6-3; 8-Sergi Bruguera (Spn) b Jacco Eltingh (Ned) 6-2 4-6 6-4; 16-Jonas Bjorkman (Swc) b Andrei Chesnokov (Rus) 7-6 (7/5) 6-3; 4Wayne Ferreira
        247 words
    • Article
      Lock icon Houston Rockets refuse to bow out
      400 15 NBA playoffs NYT PHOENIX One of their stars was doubled over and another was double-teamed, but the Houston Rockets refused to forfeit their title on Tuesday night. The defending National Basketball Association champions inadvertently stopped Charles Barkley with a former New Jersey Net, and
      NYT  -  400 words
    • SIDE LINES
      • Article
        Lock icon Knicks spring back from the brink
        107 15 Reuter NEW YORK Anthony Mason scored 13 fourth-quarter points and Patrick Ewing knocked down a spinning jumper with 1.8 seconds left as the New York Knicks edged the Indiana Pacers 96-95 to stave off elimination from the National Basketball Association playoffs on Wednesday. The
        Reuter  -  107 words
      • Article
        Lock icon Parma takes Uefa Cup in upset
        77 15 AP MILAN Parma, the provincial team that climbed from third division to the European elite in a decade, captured the Uefa Cup on Wednesday night upsetting its Italian rival Juventus of Turin. The Parmesan team held Juventus to a 1-1 draw in their secondleg
        AP  -  77 words
      • Article
        Lock icon Hopes dim for missing yachtsman
        144 15 AP CHARLESTON, South Carolina Race organisers and relatives of Henry Mitchell, who is missing in the BOC around-the-world yacht race, say they've accepted that the British sailor has been lost at sea. Mitchell, 70, was last heard from about 2,400 km west of Cape Horn
        AP  -  144 words
      • Article
        Lock icon Joint winners for NBA Rookie award
        85 15 AFP NEW YORK Detroit's Grant Hill and Jason Kidd of Dallas are the first National Basketball Association (NBA) players in 24 years to share the league's Rookie of the Year award in balloting announced here on Wednesday. Each received 43 votes in a national
        AFP  -  85 words
      • Article
        Lock icon The contrasting fates of NBA coaches
        169 15 AFP BOSTON. Massachusetts Seattle and Boston both lost in the first round of the NBA playoffs, but their coaches received far different fates on Wednesday. Boston's Chris Ford was fired after five years on the job, while Seattle's George Karl was confirmed as returning
        AFP  -  169 words
    • Article, Illustration
      Lock icon US loss could boost yachting in the country
      386 15 America's Cup Bloomberg Business News SAN FRANCISCO The US' loss of the America's Cup last week could be a blessing in disguise for the sport. When the US Stars Stripes syndicate lost the cup 5-0 to Team New Zealand on Saturday, the
      Bloomberg Business News; Reuter  -  386 words
    • Article, Illustration
      Lock icon Crenshaw's ready to get down from Cloud Nine
      626 15  -  Larry Dorman finds him set to put that incredible Masters victory behind and get his game back in focus Golf Larry Dorman NYT HARRISON, New York Ben Crenshaw was sitting in front of his locker at the Westchester Country Club, opening more
      NYT  -  626 words
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  • Article
    Filipinos vote for stability
    514 16 EDITORIAL J ENTERING the May 8 mid-term congressional elections in the Philippines, President Fidel Ramos declared the poll a referendum on his administration's policies after three years at the helm. With about 70 per cent of the votes counted in the so-called independent quick count, the
    514 words
  • WHAT THE OTHERS SAY
    • Article
      Japan should make US blink
      347 16 SO, the US has delivered its bite with Tuesday's announcement that ruinous tariffs will be imposed on 13 makes of Japanese luxury cars by Saturday. A 30-day period will be permitted for public objections after the list of targetted cars is published, which means that
      347 words
    • Article
      Beyond the Spratlys
      173 16 TENSIONS rose suddenly in the South China Sea as China accused the Philippines of invading Beijing's sovereignty after Manila sent a group of local and foreign journalists last week on a tour of some of the disputed islands. The latest development indicated yet again the potential flare-up
      173 words
    • Article
      Either extremes
      118 16 THE Aum Shinrikyo incident in Japan is no doubt an extremely serious and violent crime against society. Besides having a great impact on the Japanese, the aflair also provides the world with a chance to recog- nise itself and Japan. Other places in the world have seen mass
      118 words
    • Article
      The China syndrome
      154 16 ANY NEWS of nuclear testing tends to send shivers of alarm around the globe. A world in which there are no weapons of mass destruction would be an infinitely happier place, but the nearest we are likely to get to it is enshrined in a nuclear non-proliferation
      154 words
    • Article
      The China Syndrome II
      126 16 CHINA'S latest nuclear test, conducted on Monday, has understandably caused some tremors around the region. The test, conducted in defiance of a moratorium, is a clear indication that, ban or no ban, the Middle Kingdom, under its present leadership, has not the slightest intention of slackening
      126 words
    • Article
      Happy flying Down Under
      175 16 A NEW ERA in air travel has been opened for travellers on the "Kangaroo Route". For the first time in more than 30 years, the duopoly of Qantas and British Airways on the Australia-London route has been broken by the Australian decision to allow British carrier
      175 words
  • Article, Illustration
    Flow of casino funds to Lisbon a touchy issue
    1021 16  -  China wants to stop movement of money from Macau but Portugal doesn't, Peter Seidlitz reports from Beijing Peter Seidlitz The writer, a journalist with German financial daily Handelsblatt, contributes regularly toBT WHEN Portuguese President Mario Soares came to Beijing recently on
    1,021 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      18 16 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, cad toll-free 1-800-741-1883 [Th«BtraluTim—
      18 words
    • Advertisement
      Page 16 Advertisements Column 2
      337 16 INFillline An SPH AudioTex Service ENGLISH NUMBER Children's Funland The Three Wishes 910 0001 Usborne™ Agent Arthur's Jungle Journey; PllZZle Adventures Win Ameribuck Prizes! 910 0002 Horse Racing Results 911 0001(*) 4D/Sweep/Toto Toto Draw No 973; Win Prizes.' 911 0002(*) Tele-Games Crack The Safe A Mrs Wizards 911 0003 Crystal
      337 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      58 16 GOOD MOCNiNG S\R I PO<ZGe-T TH£.TPvSTE.BUDS I IWiMKITS TME we. SENT OMpA T <NOW YOU UX»T Ne€D UHERE oFWß,^ E^ibwir oNc OfeU c lto itti-itts DOONESBURY GARRY TRUDEAU II JUST MJANTBP 70 I PEPLORB IT' ill L "> ™'?JS fmmm CLARJFY Mi PORTION I THINK IT HAS THINK *Wn«/« ZifiiiSr
      58 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon A promising marriage of convenience
      1347 17  -  The News Corp-MCI alliance has huge potential to deliver multimedia services. Whether customers will pay is another question, reports Alan Cane Alan Cane FT INFORMATION and entertainment wherever you want, whenever you want. This is the promise of the deal announced last week between Rupert
      FT; PR Newswire  -  1,347 words
    • Article
      Lock icon Murdoch in bet he can't lose
      994 17  -  Media mogul discusses his latest gamble with Raymond Snoddy Raymond Snoddy FT Rupert Murdoch, one of the international media barons most accustomed to taking gambles on the future, looks as if he has made the ultimate each-way bet in his tie-up with MCI, the
      FT  -  994 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      11 17 GUIDE YOUR CAREER WITH A COURSE USE THE STRAITS TIMES CLASSIFIED
      11 words
    • Advertisement
      Page 17 Advertisements Column 2
      278 17 IN-DEPIH 1 BUSINESS NEWS FROM 1 ssss.— i ciypADnDc rS m oINUArUnt PERSPECTIVE For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth-from J mmm, J a perspective which is more relevant to J company J local businessmen than any other
      278 words
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  • COMPANIES & MARKETS
    • Article
      Teng Fong, Leng Chan team up for China property project
      564 19  -  From Alvin Tay in WUHAN TYCOONS Ng Teng Fong and Quek Leng Chan have teamed up for possibly the first time to explore the feasibility of developing a commercial complex in Chongqing, Sichuan province. Mr Ng's Orchard Parade Holdings and
      564 words
    • Article
      SBS, ST Automotive sign deal to merge taxi arms
      494 19  -  By Ramesh Divyanathan SINGAPORE Singapore Bus Service Ltd (SBS) and Singapore Technologies Automotive Ltd (STA) yesterday signed an agreement to merge their taxi operations to form a new company. With City Cab Pte Ltd, the two companies hope to maximise economies
      494 words
    • Article, Illustration
      Comfort earnings up 32% to $23.4m
      274 19 SINGAPORE Transport group Comfort hoisted aftertax profit 32 per cent to $23.4 million in the year to March 31, 1995. This worked out to earnings of 4.94 cents a share in line with the five cents analysts expected the company to achieve. Comfort attributed
      274 words
    • Article
      Bambang link will win VDH more fans
      678 19  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE Bambang Trihatmodjo may have taken only a 5.2 per cent stake in Van Der Horst Ltd. But the second son of Indonesia's President Suharto has definitely raised expectations. Investment analysts and speculators alike see signs
      678 words
    • Article
      OEM sales trend won't squeeze profit, says Aztech
      457 19  -  By David Mok SINGAPORE Computer sound card maker Aztech Systems does not expect to suffer the same profit squeeze as rival Creative Technology. Creative recently reported a 60 per cent drop in quarterly earnings because of a higher proportion of low-margin sales
      457 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        51 19 Firm '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 Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura. Phillip. Smith New Court. Wl Can and SG
        51 words
      • Article, Illustration
        HOT STOCK
        100 19  -  By Paul Leo INSAS fell briefly to yesterday's low of 5i.22 from its recent high of $1.37 on May 16. Intra-day chart shows buying interest returned in the late afternoon and the stock closed unchanged at $1.29. Indications are that the upward trend should resume. Weekly Moving Average
        100 words
    • COMPANIES
      • Article
        Genting to boost contribution from manufacturing division
        409 20  -  From Ruth Wong in KUALA LUMPUR GENTING Bhd, which currently derives some three-quarters of its revenue from gaming and leisure operations, wants to beef up its manufacturing division into a substantial contributor over the next five years. Genting managing director Lim Kok Thay
        409 words
      • Article
        Ometraco to acquire 51% of Bank Tiara
        496 20  -  Move pending approval of Indonesia's capital market regulator Bapepam By William Chia LISTED Indonesian conglomerate Ometraco Corporation is planning to acquire a 51 per cent stake in the country's Bank Tiara Asia for 160.6 billion rupiah (Ss96 million) through a rights and warrants
        496 words
      • Article
        Untitled
        1792 20 Payment Ex Books Pay (%j date close date ABR Hldgs 5« F 18 Jun 13 Jun 19 Jun 30 Ac ma SO* F 12.5 Jun 27 Jul 3 Jul 17 Amcol F STE Jun 23 Jul 7 Jul 22 Aztech 5* b 20TE May 11 May 16 May 31 BKaya
        1,792 words
      • Article
        Lock icon Car insurer up 125% on KL debut
        154 20 Bloomberg Business News KUALA LUMPUR Motor insurance company Pacific Orient Bhd (POB) closed 125 per cent higher than its Ms 3 offer price on the Kuala Lumpur Stock Exchange yesterday. The company offered 21.08 million new shares in its first public offering, representing
        Bloomberg Business News  -  154 words
      • Article, Illustration
        Tat Lee to beef up regional presence
        375 20 SINGAPORE Tat Lee Bank will continue to increase its regional presence by setting up representative offices and branches and establishing strategic alliances with financial institutions in the region. The listed bank said in its latest annual report that it has also invested US$5
        375 words
      • Article
        SES knocks back CSA bonus plan
        202 20 SINGAPORE CSA Holdings 1 proposed l-for-5 bonus issue to mark its 25th anniversary this year has been rejected by the Stock Exchange of Singapore. Announcing the rejection in a brief statement yesterday, CSA did not say why the SES had knocked back the proposal.
        202 words
      • COMPANY BRIEFS
        • Article
          STIC replies to query on Avimo
          111 20 SINGAPORE Singapore Technologies Industrial Corp (ST IC) confirmed yesterday that it received a proposal to buy shares in Avimo Singapore and had indicated possible interest. But it said it had not taken any action with respect to due diligence of the proposed acquisition. It
          111 words
        • Article
          SES nod for Tat Lee Bank rights
          87 20 SINGAPORE The Stock Exchange of Singapore has given in-principle approval to Tat Lee Bank's rights and warrant issues. The bank will hold an extraordinary meeting for the shareholders to approve the issues. It plans to raise $268.5 million through a one-for-four rights issue
          87 words
        • Article
          CityDev unit raises capital
          32 20 SINGAPORE Aston Properties, fully owned by City Developments, has increased its authorised capital from $10 million to $30 million and its paid-up capital from $2 to $28.6 million.
          32 words
        • Article
          Wing Tai acquires Winfaith
          30 20 SINGAPORE Wing Tai Holdings said last night it had acquired Winfaith Investment a newly formed subsidiary with a paid-up capital of $2 through Wing Tai Land.
          30 words
      • Article
        Lock icon Telstra to invest in Indonesia
        121 20 AFP JAKARTA Australian telecommunications company Telstra offered yesterday to work with private and public Indonesian companies on projects worth up to As3oo million (*****.6 million). "We will develop access in Sumatra and Java and we are in the middle of discussing this project and developing
        AFP  -  121 words
      • Article
        Untitled
        543 20 Manager*' prices May 19 Mendaki Gr Fund 1.02 l.05<£ Cinzano,. Iln.t Tn,«» US Gr Fund 1.02 106* SSScax 75\ l.67xd UOB ASSet Mgt Ltd The Savings Fund 1.52 1.61 Unifund .1.41 1.48 S'pore Prog Fund 0.61 0.65 Unibond 1.03 1.055 S"pore Sec Fund 0.99 1.05 United Gr Fund 1.64 1.71
        543 words
      • Article
        Singatronics shelves China plans indefinitely
        468 20  -  The company has expanded its plants in Malaysia and Indonesia instead By Claire Leow SINGAPORE Singatronics' f&ftis in China have gone awry, says its chairman Eddie Foo in the company's latest annual report. The company has shelved "indefinitely" its plans for a major plant in
        468 words
      • Article
        Lock icon Li Ka-shing says Cheung Kong's HQ not for sale
        295 21 Bloomberg Business News, Reuter HONGKONG Cheung Kong Holdings will not sell its current headquarters building after the company moves its offices, said its chairman Li Ka-shing. Cheung Kong is tearing down the Hilton Hotel, redeveloping the site into an office complex
        Bloomberg Business News,; Reuter  -  295 words
      • Article, Illustration
        Lock icon It ain't yellow but it'll do
        39 21 AFP SEOUL South Korea launching its fifth submarine, the 1,200-tonne Lee Jong-Mu at Daewoo Shipbuilding and Heavy Machinery Co's yard in Koje island The submarine boasts a top speed of 22 knots. AFP
        AFP  -  39 words
      • Article
        Lock icon Jusco Stores (HK) income down 16%
        211 21 Bloomberg Business News HONGKONG Jusco Stores (Hongkong) Co Ltd, the Hongkong arm of the Japanese consumer products company Jusco Co, said net profit dropped almost 16 per cent in the year ended Feb 28 as sales declined. Profit after taxes and payments to minority
        Bloomberg Business News  -  211 words
      • Article
        Lock icon Mitsubishi Estate profit down 31%
        315 21 Property giant blames sluggish market in Japan Rcuter TOKYO Japan's Mitsubishi Estate Co Ltd, co-owner of New York's Rockefeller Center, yesterday blamed a sluggish property market at home for a drop in profit of more than 30 per cent from the year before. But the
        Rcuter  -  315 words
      • Article
        Lock icon Shun Tak earns HK$39m in dividends from gambling firm
        383 21 Bloomberg Business News HONGKONG Shipping, property and hotels group Shun Tak Holdings Ltd earned HK539.5 million (557.15 million) in dividends from its 5 per cent holding in chairman Stanley Ho's gambling operations, the company's annual report said. Mr Ho's Sociedade de
        Bloomberg Business News  -  383 words
      • COMPANY BRIEFS
        • Article
          Lock icon Shimizu suffers 69% earnings plunge
          68 21 AFP TOKYO Japan's top contractor Shimizu Corp said yesterday its pre-tax profit plunged 69 per cent from a year earlier to 36.59 billion yen (SSSBI million) for the year to March 31. Sales fell 11 per cent to 1,860 billion yen. For the current year,
          AFP  -  68 words
        • Article
          Lock icon IBM moves to cut secretaries' pay
          106 21 Reuter NEW YORK IBM Corp expects to cut the pay of 120 high-level secretaries as the company looks into its salary levels, the H'a// Street Journal reported. The paper said IBM is examining salary levels throughout the company and plans to cut salaries of
          Reuter  -  106 words
        • Article
          Lock icon Turner cracks the Indian market
          74 21 Bloomberg Business News ATLANTA, Georgia Turner Broadcasting System Inc has received permission to broadcast its CNN International news channel across the Indian subcontinent, the Atlanta JournalConstitution reported. In a pact approved by Indian Prime Minister PV Narashima Rao, Turner will brcome the only non-Indian programmer
          Bloomberg Business News  -  74 words
      • Article
        Lock icon Nomura appoints two advisers to the board
        156 21 Reuter TOKYO Nomura Securities Co Ltd said it has named its advisers Setsuya Tabuchi and Yoshihisa Tabuchi as directors to help expand business in other Asian nations. Setsuya Tabuchi, former chairman, and Yoshihisa Tabuchi, former president, (they are not related) resigned their executive
        Reuter  -  156 words
      • Article, Illustration
        Lock icon British Telecom keeps profit intact at £2.6b despite hefty price cuts
        449 22 Reuter LONDON British Telecommunications pic, one of the country's top profit earners, reported largely intact 1994/95 earnings yesterday despite more than £1.6 billion (553.5 billion) of price cuts and redundancy charges. For the year ended March 31, pre-tax profit
        Reuter  -  449 words
      • Article, Illustration
        Lock icon Under one roof
        41 22 Business Wire SANTA CLARA, California NEC Electronic's new corporate headquarters here offers up to 200,000 square feet of building space. It will allow the company to consolidate administrative, marketing and product design efforts under one roof. Business Wire
        Business Wire  -  41 words
      • Article
        Lock icon Sony expects current fiscal year to yield profits
        302 22 Reuter TOKYO Sony Corp shrugged off hefty losses from its movie business and said it would claw back into the black in the 1995-96 business year. But the electronics and entertainment giant refrained from setting bullish profit targets, saying it feared the
        Reuter  -  302 words
      • Article
        Lock icon Japan's big traders post higher earnings despite strong yen
        363 22 Bloomberg Business News TOKYO With only one exception, Japan's five largest traders offered a break from otherwise desultory corporate earnings for fiscal 1994, shaking off the effects of the rising yen to report higher profits. Osaka-based Itochu Corp led the pack.
        Bloomberg Business News  -  363 words
      • Article
        Lock icon Bleak results for Japan's Big Four brokers
        364 22 AFP TOKYO Three of Japan's Big Four brokers announced yesterday combined losses of more than US$l billion for the year to March while top-rank-ed Nomura Securities Co Ltd said its earnings plunged 87 per cent. The bleak results largely reflected the prolonged downturn
        AFP  -  364 words
      • Article
        Lock icon Woolworth 1st-qtr loss doubles to US$80m
        284 22 Bloomberg Business News NEW YORK Woolworth Corp's fiscal first-quarter loss more than doubled, as its gross profit margin worsened and its operating expenses increased faster than sales. The New York-based retailer's loss in the quarter ended April 29 was US$BO million (S$ 112 million),
        Bloomberg Business News  -  284 words
      • Article
        Lock icon Deutsche Bank suffers 7% fall in operating profit
        253 22 Bloomberg Business News BERLIN Deutsche Bank AG, Germany's largest bank, said shrinking margins on loans contributed to a 7 per cent decline in operating earnings in the first four months of the year. Chief executive Hilmar Kopper told shareholders at the bank's
        Bloomberg Business News  -  253 words
      • Article
        Lock icon Trafalgar expects bad times ahead as it posts 1st-half losses of £48m
        258 22 Reuter, AFP LONDON Trafalgar House fell 4p to 48 after it said in its first-half results that restructuring charges and continuing difficulties in the engineering businesses would lead to a fullyear loss, analysts said. "The results were very
        Reuter,; AFP  -  258 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon China curbs yuan's rise by restricting capital inflow
        465 23 Bloomberg Business News SHANGHAI China is stopping the rapid rise of the Chinese yuan against the dollar with three measures to stem foreign capital inflow, according to a Hongkong newspaper and bankers. The government will limit overseas bond sales, delay the listing
        Bloomberg Business News  -  465 words
      • Article
        Lock icon Taiwan central bank head rules out interest rate hike
        251 23 KnightRidder TAIPEI The governor of Taiwan's Central Bank of China, Y D Sheu, has said the bank for now will not hike interest rates as a means of quelling inflationary pressure, and will instead focus strictly on foreign exchange rates, the
        Knight- Ridder  -  251 words
      • Article
        Lock icon Thai banks told to provide for loan losses
        77 23 Reuter BANGKOK The Bank of Thailand yesterday said it had told banks with international banking facility licences to make sure that, effective Dec 31, they have enough reserves to cover any potential loan losses. The central bank said in a statement that
        Reuter  -  77 words
      • Article
        Lock icon HK body sets guidelines for fund ads
        65 23 Bloomberg Business News HONGKONG The Securities Futures Commission, the territory's top securities regulator, yesterday published guidelines for advertising mutual funds and unit trusts in an effort to clamp down on misleading ads. The guidelines, which are not rigid rules, illustrate the SFCs policies
        Bloomberg Business News  -  65 words
      • Article
        Lock icon Japan banks to disclose more bad loans
        76 23 Bloomberg Business News TOKYO Japan's major regional banks will disclose loans on which interest payments haven't been made for more than six months, the Nihon Keizai newspaper reported yesterday, citing Takashi Tamaki, the chairman of the regional bank association. The action was in
        Bloomberg Business News  -  76 words
      • Article
        Lock icon Oriental Metals denies import forecast
        76 23 Reuter HONGKONG Oriental Metals (Holdings) Co on Wednesday denied that its chairman, Wu Jian-chang, had projected a figure for China's copper imports this year. "Mr Wu Jian-chang did not say that China planned to import between 700,000 and 800,000 tonnes of electrolysis copper in 1995,"
        Reuter  -  76 words
      • Article
        Lock icon Warburg directors stand to reap £10m from share sales
        265 23 Financial Times LONDON Directors of S G Warburg stand to divide £10 million (Ss22 million) between them when they cash in their shares and options in the process of Swiss Bank Corporation's acquisition of the UK group's investment banking business. The
        Financial Times  -  265 words
      • Article
        Lower rates matter more to US than strong US$: analyst
        307 23  -  By Paul Leo SINGAPORE Low interest rates are more important than a strong dollar to the US, says the foreign exchange and money market chief of financial news and analysis provider Technical Data. Muj King told Business limes that the
        307 words
      • Article
        Lock icon Salomon offers new rating scheme for emerging market bonds
        284 23 Bloomberg Business News NEW YORK Salomon Brothers Inc is offering a new rating system to measure the risk of bonds sold by companies based in developing countries. Salomon corporate bond analyst John Hartzell developed the Emerging Market Scoring (EMS) system with
        Bloomberg Business News  -  284 words
      • Article
        Lock icon Regulators agree on closer cooperation in financial crises
        392 24 Los Angeles Times NEW YORK Regulators from 16 nations agreed on Wednesday on a series of steps to increase international cooperation during financial emergencies and to protect investors' money when it travels overseas. The two-day meeting, held in a hotel just outside
        Los Angeles Times  -  392 words
      • Article, Illustration
        Lock icon Soros calls for ban on 'knock-out' options
        487 24 Bloomberg Business News MONTREAL Financier George Soros has stepped up his calls for increased regulation of derivatives, saying authorities should consider outlawing so-called knock-out options. The knock-outs contributed to the dollar's steep slide against the German mark and Japanese yen this year, "illustrating
        Bloomberg Business News  -  487 words
      • Article
        Lock icon Opec too distracted to address vital issue of market share loss: analysts
        341 24 Bloomberg Business News LONDON Opec oil ministers meeting in Vienna next month are unlikely to confront their most pressing problem the fact that they are losing market share, analysts say. Countries belonging to the Organisation of Petroleum Exporting
        Bloomberg Business News  -  341 words
      • Article
        Lock icon Further delay for BCCI creditors
        304 24 Reuter LUXEMBOURG Creditors of the collapsed Bank of Credit and Commerce International (BCCI) must wait for months for their first payments after a Luxembourg court said on Wednesday that an appeal against an earlier compensation plan would be heard only in October. Appeals Court Judge
        Reuter  -  304 words
      • Article
        Lock icon Coffee producers vow to enforce plan to tighten supply by June 1
        318 24 Reuter LONDON Big coffee exporters pledged on Wednesday that by June 1 they would implement in full a project greeted sceptically by traders to curb exports and try to support firmer prices. Specifically, the Association of Coffee Producing
        Reuter  -  318 words
      • Article
        Lock icon Aussie dollar could fall to 70 US cents: Goldman Sachs
        314 24 Bloomberg Business News SYDNEY US investment giant Goldman Sachs believes the Australian dollar could fall to about 70 US cents within the next six months. In its International Bonds and Forex Commentary released in New York on Wednesday, Goldman said:
        Bloomberg Business News  -  314 words
      • Article
        Lock icon Floods hit Indon cocoa crops, output set to fall
        391 24 Reuter JAKARTA Floods have damaged vast tracts of cocoa crops in Indonesia's key production zone and an industry official said national production this year could be significantly reduced. Cornel is Patty of the Indonesian Cocoa Association said about 24,000 ha of
        Reuter  -  391 words
      • Article
        Lock icon US petrol at 3-year high
        281 24 ENERGY REPORT Reuter LONDON World oil prices were little moved yesterday, but with US petrol hitting another three-year high, analysts see the oil market staying on an uptrend. Benchmark June Brent Blend crude futures were unchanged at U5518.37 a barrel at 1600 GMT, having drifted
        Reuter  -  281 words
      • Article
        Lock icon Currency Reports:London
        189 24 Bloomberg Business News LONDON The dollar rose to an 11-week high against the mark, and gained against other major currencies, as optimism about the dollar's prospects outweighed lacklustre trade and economic reports. "There's a bullish sentiment towards the dollar after the movement of the last few days," said
        Bloomberg Business News  -  189 words
      • Article
        Lock icon New York
        95 24 AFP NEW YORK The dollar was gaining ground against major currencies here early yesterday in slack trading. Gold was unchanged at U*****.70 per ounce. At 1350 GMT, the greenback was trading at 1.4578 marks up from 1. 4458 late Wednesday and at 87.20 yen up from 86.80. In
        AFP  -  95 words
      • Article, Illustration
        Untitled
        1206 24 Iradeoeifhled index ixikuhled a*ain\t S'pm-'s lop 14 trading partners Base year /<M5 US$/S$ forward rates Noon /Ma> 18 SS Bid Offer 1-month 1.3937 1.3952 2-monlh 1 3*87 1 3902 3-month 1.3837 1.3852 month |.3705 1.372$ Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9mi on May If Singapore
        1,206 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures higher, Eurodollars flat
        1365 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures were higher and Eurodollar futures were flat at the close. Market sentiment for Euroyen was positive following higher Japanese government bond (JGB) futures and the weak Nikkei close. "There was good buying from US funds today. They seem
        Reuter  -  1,365 words
      • Article
        KL tin down 18 sen to M$14.30
        666 25 COMMODITY REPORTS KLTin TIN price on the KLTM ended easier as it failed to continue Wednesday's uptrend to close 18 sen lower at M$ 14.30 per kg. Sellers overwhelmed buyers with buying interest mainly from the locals and Europeans. At the opening level
        666 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          World cocoa deficit
          62 25 LONDON UK trade house ED&F Man yesterday forecast a world cocoa deficit for the 1994-95 (Oct-Sep) season of 165,000 tonnes, revised from its January estimate of 89,000. Man estimates world production in 1994-95 will total 2.373 million tonnes, down from 2.407 million in 1993-94. Consumption in 1994-95
          62 words
        • Article
          World sugar output set at 114m tonnes
          65 25 LONDON UK trade house CCzarnikow Sugar Ltd yesterday revised its estimate for world sugar production in the 1994-95 crop cycle to 114.57 million tonnes raw value, up from its previous estimate in February of 113.47 million tonnes. The revised 1994-95 crop estimate is
          65 words
        • Article
          China importing less copper
          76 25 SYDNEY A narrowing gap between Chinese domestic copper prices and those on international markets is discouraging imports of the metal into China, trading sources say. But if, as expected, large shipments of copper continue to flood into London Metal Exchange warehouses in Singapore, international prices may
          76 words
        • Article
          Fire damages LME-warranted zinc
          104 25 LONDON A fire at a warehouse in Antwerp, Belgium, has left 175 tonnes of LME-warranted zinc damaged, an LME official said yesterday. As a result of the blaze at the Zuidnatie NV warehouse, the warrants for seven lots of metal involved no longer constitute good delivery,
          104 words
    • Article
      COMMODITY PRICES
      1385 25 SICOM Futures Rubber (futures dating as at 5.30pa) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun I 251.00 I M75 Jul 242.50 2225 Aug 240.00 240 00 240.00 300 2475 Sep 242.00 242.00 237.50 300 2400 Oct/Dee 240.00 235.50 232.50 1200
      1,385 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1048 26 -21.7 SHARES closed weaker yesterday, pulled down by falling bank stocks and a futures sell-off. The slump on Wall Street overnight also helped push the market down. The All Ordinaries Index finished 21.7 points weaker on 2,020.5. The AH Industrials closed 37.8 down at 3,035.1, while the All Resources
        1,048 words
      • Article
        Manila
        584 26 -34.14 After rising almost continually for over a week, the local market fell 1.2 per cent in reaction to the fall in the Dow Jones. The PSE Index fell 34.14 points to 2,745.43. Turnover was 2.04 billion shares valued at 1.5 billion pesos. An analyst said it was "a
        584 words
      • Article
        Taipei
        539 26 -12.93 Stocks remained bearish in slow trading for a fourth successive losing session amid a wait-and-see attitude, with market heavyweight banking and insurance shares hardest hit, dealers said. The 321-issue Weighted Price Index dropped 12.93 points to finish at 5,758.53. Turnover was 23.84 million shares worth NTJ31.54 billion. Falls
        539 words
      • Article
        Seoul
        465 26 -5.79 Share prices fell, buffeted by crippling strikes in two of the nation's major companies. The Composite Price Index skidded 5.79 points to settle at 880.41. Turnover was 17.27 million shares worth 270.7 billion won. Falls swamped rises 574 to 142, while 142 other counters ended unchanged. Wednesday's government
        465 words
      • Article
        New Zealand
        327 26 +3.51 Shares ended marginally firmer on healthy volume with strong demand for Fletcher Challenge and other selected leaders. The NZSE-40 Capital Index gained 3.51 points to 2,155.79 on turnover worth NZ565.2 million, NZ$l7.4 million of that being in FCL. Wilson and Horton continued to attract higher-than-nor-mal turnover, almost
        327 words
      • Article
        Bombay
        75 26 +47.03 Stocks rose on signs that the ruling Congress Party government was regaining some strength. Prime Minister P V Narasimha Rao's government has been threatened by dissidents within the Congress Party in recent weeks. But on Wednesday, their attempts in Parliament to cut the national budget presented by Mr
        75 words
    • WORLD STOCK MARKETS
      • Article
        London
        774 26 -11.6 UK stocks retreated after early gains as losses in US shares offset interest-rate optimism sparked by an unexpected drop in British retail sales. "People are a bit nervous about Wall Street," said a trader. Oil stocks led the decline as they retreated from recent highs, while retailer Marks
        774 words
      • Article
        Paris
        156 26 -14.90 French shares ended down but oft" their lows on profittaking. The unveiling of the new prime minister's Cabinet also had little impact. "That was a non-event," said a trader, who added that the market is waiting for prime minister Alain Juppe's policy speech scheduled for next Tuesday. The
        156 words
      • Article
        Frankfurt
        261 26 -5.19 German stocks fell, dragged down by Volkswagen and Deutsche Bank, whose interim earnings reports disappointed many traders. The DAX Index of 30 leading shares fell 5.19 points to close at 2,083.80. Carmaker Volkswagen had one of the biggest drops, with a fall of 9.80 marks to 400. The
        261 words
      • Article
        Brussels
        179 26 -3.2 Belgian shares closed little changed as a fall in Wall Street and concern over Sunday's elections offset the benefits often brought by a rising dollar. "The market is really waiting for May 21," said an analyst. "It's true the market has largely ignored the elections so far, but
        179 words
      • Article
        Milan
        137 26 -146 Italian shares fell sharply on the first day of the June account. Traders cited strong profit-taking following the recent rally, an options induced sell-off as players seek to subdue prices and a host of shares going ex-dividend. The Mibtel Index lost 146 points to 10,426. Traders said speculators
        137 words
      • Article
        Amsterdam
        272 26 -0.98 Dutch stocks fell for a fourth day, led lower by declines in financial stocks like ABN Amro and chemicals producer Akzo Nobel. Philips Electronics bucked the general move with a rise of 2.3 per cent, just like several other internationals such as Unilever and Royal Dutch Petroleum. Traders
        272 words
      • Article
        Stockholm
        105 26 -6.92 Swedish shares extended their downdrift since Tuesday's big rally but trade was slow. The OMX Index fell 6.92 points to 1,229.42 in moderate turnover of 2.0 billion crowns. Dealers said the market was exhausted by a long run of first quarter results and the effect of passing dividend
        105 words
      • Article
        Zurich
        235 26 -12.10 Swiss stocks fell for a second day, led lower by shares such as Elektrowatt, Swiss Reinsurance and Nestle, amid concern about the direction of the dollar. The SMI Index of 23 stocks fell 12.10 points to 2,727.7, with 15 stocks down and eight higher. The SPI Index of
        235 words
      • Article
        Johannesburg
        349 26 +2.0 Gold shares led South African share down as bullion fell in European trade. Dealers said foreign sellers had appeared in mining stocks, with poor sentiment filtering through to industrials, which ended static amid concern about local economic prospects. The Overall Index lost 15.1 points at 5,457.8, the Gold
        349 words
      • Article
        New York
        742 26 -34.93 Stock prices turned sharply lower in moderate trading early yesterday after sell programs exacerbated losses fuelled by continued profit taking. The Dow Jones Industrial Average, which fell 12.45 points on Wednesday, was down 34.93 points to 4,387.67 at Nam EDT. The New York Stock Exchange Composite Index
        742 words
      • Article
        Untitled
        828 26 Britannia Funds SmtuvCa* BU Oflcr Mini rap Ocpoul W 6400 M 6500 Mim Jcncy <-•* .0.119) 0 1492 Mini Mil laoone 09)00 0 9600 USt Cash iKome PWs Fund *****0 *****0 PS Rorrve Fund ***** 5 4*00 Stcriiai K#eiy Euro Performance 0 4592 0 493* Far East Fund *2.7*50 *2
        828 words
    • Article, Illustration
      Lock icon HONGKONG
      2636 27 Bloomberg Business News HONGKONG Stocks fell as investors continued to reassess the value of local companies after last week's 8.6 per cent rally, and some investors shifted funds to other stock markets in Asia outside of Japan. The Hang Seng Index dropped 54.52 points to 9,115.72. The All Ordinaries
      Bloomberg Business News; Source: Bridge Info  -  2,636 words
    • Article, Illustration
      Lock icon CHINA
      540 27 CLSA IN Hongkong, the H share index lost 13.20 points to 1,150.45 on a turnover of HKSSO million. Yizheng, the most active counter on volume of HKS2O million, slipped 3.4 per cent. Maanshan gained 2.3 per cent with HKS7 million worth of shares changing hands. In Shanghai, B shares
      CLSA  -  540 words
    • Article, Illustration
      Lock icon TOKYO
      2496 27 Bloomberg Business News TOKYO Stocks fell to their lowest level in a month amid foreign reluctance to buy Japanese shares as the dollar rises, and concern over a weak Japanese economy, traders said. "Stocks were hurt by foreign investors who bailed out in search of better returns elsewhere for
      Bloomberg Business News; Source: Bridge Info  -  2,496 words
    • Article, Illustration
      Lock icon BANGKOK
      1573 27 Reuter BANGKOK Stocks closed lower on blue chip sales partly on rumours in the market that a major partner in the ruling Thai coalition may pull out of the government. There was talk the Palang Dharma Party may withdraw from the Democrat Party-led coalition before a censure vote is
      Reuter; Source: Bridge Info  -  1,573 words
    • Article, Illustration
      Lock icon JAKARTA
      1169 27 Reuter JAKARTA Share prices closed lower in lacklustre trading in the absence of fresh leads. "The local market was badly in need of fresh direction following an easing of foreign fund inflows," one broker said. The easing of the flow of foreign funds coupled with uncertainties ahead of a
      Reuter; Source: Bridge Info  -  1,169 words
    • Article
      CLOB INTERNATIONAL
      2494 28 Gr O 1995 Last Vol Day Laat Qmott Dh Di» VH MK M Cap High Lao Company Salt <V00l High Low Bayer SeBcr Or P/E Wil MALAYSIAN STOCKS 478 196 ra MSB 50c m +14 1215 400 368 398 400 J O -2 9 0.2 40 127 77.5
      2,494 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares end mixed as inflow of foreign funds slows
        6849 28 Bloomberg Business News KUALA LUMPUR Stocks were mixed as rallies in the US stock and bond markets stalled, slowing the flow of foreign investors into Malaysian stocks. Local investors, believing the surge of foreign investment over the last two weeks had
        Bloomberg Business News; Source: Bridge Info  -  6,849 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8831 29 MAIN BOARD Gr Gr M Wl IW l«l Vol Day Last Quote Di« Di» Md Net Cap A*f High Low Company Sak (000) High Low B«)rr Seller C*w PIt Smil Price INDUSTRIAL AND COMMERCIAL 482 H: ml s Acma 50c 408 cd -4 231 408 406 406 408 22 5
        8,831 words
      • Article, Illustration
        Lock icon Shares manage small gains despite negative factors
        1845 30  -  By R Sivanithy SINGAPORE The local stock market yesterday had to battle hard to overcome a number of negative pressures notably the mass exit of contra traders who entered the market seven days ago and a weak Japanese market but eventually came through
        Charts by Bridge Info; Source: Bloomberg  -  1,845 words
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      239 19 NEWS VALUE Police charge 7 people over $80m theft of share scrip (pg 1) Not likely to impact on the stock market. US$ need not fall further against yen: Bergsten (pg 1) Long-term buyers of greenback are scarce. Prices slip as much as 11% on 2nd day of HDB land
      239 words
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      49 20 This announcement appears as a matter of record only. m GOLDTRON LIMITED (Incorporated in the Republic of Singapore) 5548,420,000 6.75 PER CENT. UNSECURED CONVERTIBLE BONDS DUE 2000 Arranger and Lead Manager Schroder International Merchant Bankers Limited Issuing, Paying Conversion Agent Schroder International Merchant Bankers Limited ifc Schroders May 1995
      49 words
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      243 21 I Singapore Press Holdings I (Incorporated in Singapore) I ANNOUNCEMENT I BONUS ISSUE OF UP TO 56,841,585 NEW ORDINARY I SHARES AND UP TO 574,157 NEW MANAGEMENT SHARES I OF SSI.OO~EACH ("BONUS SHARES") IN THE CAPITAL OF I SINGAPORE PRESS HOLDINGS LIMITED ("THE COMPANY") I ON THE BASIS OF ONE
      243 words
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      155 22 4ustrMan Property EXHIBITION I flll^P^^ue: Westin Stamford Hotel, Level 4 Bailey Room Date 20th -21 st May 1995 Time 10am 7pm iiuiuiLiiuiuiuiuiuiuiuiuiniuiuiuitiiiiiuiuiuiuiuiiiiuiuiiiiuiuitiiiiiiiiiiiuiHiiiiiiiuiiiuiiuunuiuiiiitiiuiuiuiuiuutiuimiiiuiuiuiuiuiliiuiuiiiiiiiuiuiuiuiuiiiimuiuimuiuiuiumiuiuiui 2fc"TT, Carrara Gold Coast 2ds Prestigious waterfront inland devetffcfcients Superb 3-bedroom townhouses garden court villas Mediterranean EK RENTAL Surfers Paradise c I Luxuriously spacious 2 3-bedroom apartments g
      155 words
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      Page 23 Advertisements Column 1
      111 23 X 1 COSTUME JEWELRY v from Hong Kong LEATHER JACKET It \m from Korea A ELECTRONIC WATCH from Malaysia I ft x j/ LEATHER BELT COTTON SHIRT frxm lndia from the Philippines SKIRT from Singapore SILK STOCKINGS LEATHER SHOES from Thailand from Indonesia If you see it on the runways
      111 words
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      Page 25 Advertisements Column 1
      252 25 irrrja n offshore I WVI COMPANY SPECIALISTS I With a worldwide team of 125 multi-disciplined I professionals and a network of international I offices, OCRA provides confidential and cost I effective company formation in all the major low I tax areas including: I ♦BRITISH VIRGIN ISLANDS BAHAMAS IRELAND I WESTERN
      252 words
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      Page 25 Advertisements Column 2
      20 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      173 27 ElPrimero automatic chronograph movement. HFjfr* w rjfl Non-reflecting sapphire glass. 41 Stfrgl.. m yi' Water-resistant to 100 m or 50m. T3P d IVI I^PLJ 7y Available in gold, gold and steel or steel. EE I I I f Atom *B«yondPto Ltd 1 Maritime Square »2-101 E*po Gateway T* 272MM2 Watdi
      173 words
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      312 30 THE BANK OF EAST ASIA, LIMITED RESIGNATION OF DIRECTOR The Bank of East Asia, Limited hereby announces the resignation of Mr. Fung Man-yet as an Executive Director of the Bank with effect from Ist May 1995. The Bank expresses its gratitude to Mr. Fung for his valuable contribution and guidance
      312 words
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      Page 30 Advertisements Column 2
      225 30 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND M THE MATTER OF TRAVEVO SERVICES PTE LTD. (In MwiMn' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being wound up voluntary are required on or before the 19th day of June 1995
      225 words
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      Page 30 Advertisements Column 3
      224 30 BUSINESS TIMES TOLL-FREE TEL. No. 1 -800-741-1 883 FA X :741-1298 r7,n KTI MV See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts J l y£=\ it ft I* HOJ TAT LEE FINANCE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF REGISTER OF
      224 words
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      Page 30 Advertisements Column 4
      374 30 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF WING HON REALTY PTE LTD (In Himbirt' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Saction 308(1) of the Companies Act. Chapter 50, that a Final General Meeting of the abovenamed Company wil be held at
      374 words
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      Page 30 Advertisements Column 5
      402 30 IN THE MATTER OF THE COMPANIES ACT. CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF KOWA TECHNOLOGY (SINGAPORE) PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #1201 12-11 Golden Mile
      402 words
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  • Shipping Times
    • Article, Illustration
      PSA eyes port development projects in the region
      379 31  -  By Rahita Elias SINGAPORE The Port of Singapore Authority is looking beyond the island's shores to take advantage of opportunities in the region. PSA chief executive officer David Lim told Shipping Times the immediate target markets were China, India and other South-east
      379 words
    • Article
      Lock icon Big safety overhaul for ro-ro ferries soon: IMO
      348 31 AFP LONDON A UN body has announced that it expected a major overhaul in safety standards for ocean-going passenger ferries by next fall, aimed at preventing the type of disaster that claimed 852 lives when the Estonia sank in the Baltic Sea
      AFP  -  348 words
    • Article
      Lock icon Ferry safety: a question of design and standards, regulations and costs
      870 31 FT LONDON There has never been such an awareness of the potential dangers of ferry travel. These dangers were highlighted in 1987 when 193 people died as P&O's Herald of Free Enterprise sank oft Zeebrugge, Belgium, after its bow
      FT  -  870 words
    • Article
      MARITIME STOCKS
      333 31 SES '000 May 18 S$ Vol CWT Distribution L 1.70 0.02 14 CWT Distribution A 1.51 Chuan Hup Holdings 117 -0.03 62 Cosco Investment S 1.67 -0.01 1 Cosco Investment A 1.54 unch 10 Far East Levingsto 6.55 -0.10 303 GB Holdings Ltd 0.785 unch 1 Hai Sun
      333 words
    • Article
      Lock icon Bureau Veritas to widen ship inspections next month
      276 31 KnightRidder NEW YORK French classification society Bureau Veritas plans to widen ship inspections in a new service scheduled to begin next month. Inspectors employed by the bureau to verify the structural seaworthiness of ships will also alert shipowners to other defects that
      Knight- Ridder  -  276 words
    • Article
      Phase 2 of Pasir Panjang Terminal gets 5 bids
      150 31 SINGAPORE Five local and overseas groups tendered for Phase Two of the Pasir Panjang Terminal development project. The tender closed on May 16. According to a summary of the tenders, 12 companies had initially taken part in the exercise. However, only
      150 words
    • Article
      Indonesian govt urged to reform shipping industry
      484 31 JAKARTA An Indonesian economist has called on the government to reform the shipping industry and improve its transport infrastructure. Dorodjatun Kuntjarajakti told a seminar on sea transport and trade liberalisation here this week that efficient transport was required to maintain the export progress
      484 words
    • Article, Illustration
      Keppel-Mitsui wins $21m deal to build 12 cranes for PSA
      164 31 SINGAPORE The Keppel Engineering-Mitsui Engineering Shipbuilding consortium has bagged a $21-million award to build 12 cranes for the Port of Singapore Authority. Keppel said yesterday the consortium would design, build, deliver, test and commission the 35-tonne capacity container cranes. The
      164 words
    • Article
      Lock icon Aussie unions favour French bidder for ANL
      396 31 AFP SYDNEY Australian unions are strongly backing a bid by a French-based shipping company against Britain's giant P&O Line to take over the troubled Australian National Line (ANL), officials said. Although Transport Minister Laurie Brereton said last year the government-owned ANL was in
      AFP  -  396 words
    • Article, Illustration
      Lock icon Wild guesses cloud pollution debate
      1014 32  -  No one knows how much oil is being dumped at sea but most oil pollution is blamed on tankers. Philip Rankins looks at some facts and figures Philip Rankins Lloyd's List Operational pollution in a maritime context consists of the deliberate discharge of pollutants into
      Lloyd's List  -  1,014 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      493 32 Page ABC Conl 16 •ANL 3 •APL 12 Able 7 Accord 8 •Ahlers 6 •Ahrcnkicl 4 Antaco 13 •Appenship 4 Arc* ana IS Astro 8 Austral 9 Avant 6 B'tang Mas 12 BSA 9 BTL 16 Bangladesh 12 Balamindo •Blue Star 8 •("-Polish
      493 words
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      THE SHIPPING GUIDE THE SHIPPING GUIDE
      9890 40 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement ETA ETA Um Vassal voyage Pg SW Dast'n Mama Nama
      9,890 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        618 49 Vessel Voy No Berth Arrival Departue A74 J1 alongside *****500 Aaean Glory V10 J8/9 alongside 19.05.1500 Caltex Excellence 121 J12 alongside 19.05.0700 Dm Gum 05/02/95 J21 alongside 19.05/2300 KM 2103/B J13 alongside 1905/1700 Komdo 05/06/95 J1 alongside 1905/1300 Mc Pearl 1/95 J6 alongsde 1905/1500 Mutiara VI B
        618 words
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        CONTAINER SCHEDULES
        1593 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcini/BaUnct Rttti Slip Voy No Etb/Btr Period From To From Ac* Daisy 065B 19/2359 IB 18/1500 18/1659 18/1900 28 18/1/00 19/0659 19/0900 3 19/0700 19/1159 19/1400 Acx Jade 239A 21/0700 4 19/1200 19/1459 19/1700 Au Rose 066A 20/1500 IB
        1,593 words
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        COCKETT BUNKER MARKET REPORT
        903 49 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        903 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Airline industry nearing its peak, warns AMR chief
        400 50 Reuter NEW YORK AMR Corp chief executive Robert Crandall. one of the airline industry's most influential and outspoken executives, warned on Wednesday that the industry may be nearing a peak. "This is a cyclical business I would guess it's close to a
        Reuter  -  400 words
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        Lock icon Swatch + Mercedes = Smart
        101 50 Swatch Mercedes Smart AFP SAARGEMUEND, Germany German caterers looking at the new Smart car before its presentation to the press in Saargemuend on Wednesday. Mercedes Benz, the luxury car maker, and Swatch, the Swiss watch manufacturer, plan to open a US assembly plant for their new sub-compact car. The original
        AFP  -  101 words
      • Article
        Lock icon Aussie, HK officials in talks to end Qantas-Cathay dispute
        290 50 AFP CANBERRA Talks were underway yesterday between Australian and Hongkong officials to try to settle a bilateral row threatening to disrupt the schedules of Australian flagcarrier Qantas and its Hongkong rival Cathay Pacific. A spokeswoman for Transport Minister Laurie Brereton said
        AFP  -  290 words
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        Lock icon Guangzhou subway to displace 100,000
        264 50 Reuter BEIJING The southern city of Guangzhou will raze the homes of almost 100,000 people to make way for a new underground railway in what will be China's biggest urban displacement, the China Daily said yesterday. Authorities hope the 18.4 km first stage of the
        Reuter  -  264 words
      • Article
        Lock icon US federal agency fires safety inspectors over false pilot ratings
        277 50 LAT/WP WASHINGTON The Federal Aviation Administration (FAA) fired or forced into retirement four aviation safety inspectors who improperly certified pilots to fly certain corporate and private planes, the agency said on Wednesday. It has revoked the inspectors' rights to fly
        LAT/WP  -  277 words
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        Lock icon Boeing, McDonnell invited to fresh talks with Saudia
        364 50 Reuter DUBAI Saudi Arabia has invited US aircraft makers back for what they hope would be decisive talks later this month to finalise a longawaited US$B billion (SSll.l billion) deal with its national airline, industry executives said on Wednesday. "We have been
        Reuter  -  364 words
      • LOG BOOK
        • Article
          Lock icon Consortium wins Phnom Penh deal
          77 50 AFP KUALA LUMPUR A French-led consortium has clinched a US$25O million (Ss3so million) deal to upgrade the Pochentong International Airport in Phnom Penh, Cambodian officials said here yesterday. The consortium, led by Dumez-GTM, outbid two groups from the United States and Australia to win the
          AFP  -  77 words
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          Lock icon Vietnam Air flies to prison isle
          101 50 AFP HANOI The Vietnam Airlines Service Co (Vasco) has officially started regular flights between Ho Chi Minh City and Con Dao Island, ofT Vietnam's southern coast, the Vietnam News Agency said yesterday. The 45-minute flight will take 19 passengers aboard a Jetstream 31 aircraft,
          AFP  -  101 words
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          Lock icon Case of missing MAS pilots
          95 50 AFP KUALA LUMPUR A case of missing pilots on board an internal Malaysia Airlines flight left cabin crew stupefied and passengers fuming for several hours before substitute pilots were rustled up, news reports said yesterday. The evening flight from Malaysia's southern Johor state to Kuala
          AFP  -  95 words
        • Article
          Lock icon Hyundai strike: union leaders face arrest
          81 50 Reuter SEOUL South Korean prosecutors said yesterday they would arrest 13 union leaders for leading an illegal strike at Hyundai Motor Co Ltd, the nation's largest vehicle producer. "But the timing has not been set and the whole plan can be changed depending on
          Reuter  -  81 words
      • Article
        Lock icon Japanese carmakers more productive: US study
        332 50 Bloomberg Business News DETROIT General Motors Corp improved its productivity more than its US rivals last year, although it could still save USS4 billion (555.5 billion) a year if its plants were as efficient as Toyota Motor Corp's plant in Georgetown, Kentucky, an industry
        Bloomberg Business News  -  332 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1446 50 AIRCRAFT ARRIVALS DEPARTURES eny rag* n. nm n> Urn WmM GA970 2035 SQ227 2230 talMM KL837 1450 SQ844 0040 SQ327 1550 GA890 0205 KL838 2300 9036 2355 Htm* SQ348 2250 tmMmk NZ73 1605 SQ285 2045 SQ288 2040 NZ74 2340 lafcrata GF1I46 1435 GF149 0710 IMhpM BI421 1100 SQ182 0915 SQ181
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      31 31 111 WEEKLY LCL TO: j Algeciras *Laspalmas I Barcelona Madrid Bilbao Tenerife Ceuta Valencia Wild guesses cloud pollution debate, Page 2 Airline industry nearing its peak, warns AMR chief, Back Page
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      38 31 The Art of making money is first having ,h# Craft SHIP FINANCING CALL US AT 2230 3 5 5 MAKIMO IT WITH TOU O DBS FINANCE I H*ad Offk* 112 Robimon Rood. DBS f inanc» Building, Singapore 0106
      38 words
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      1343 32 I amtß DBSTWATIONB I I MHBB I P«*CT CmTOWyTOgflgß .__~Zl I T COXT Of cam AMEWCA jMABOAWT* tBMCS I awQAPOHt OUTOHHW PJWMn gUCT mow WWTCOHW) I WT vts* II ■H I 10* IHWWI CMC irr MM— ■w gggjl mum! mmw| w oumbm mm |icmm|MUM«M|ic» *mu«nm Mmma omjm I mmcoum turn
      1,343 words
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      403 32 Lines and services represented by Members of the Registry of Accredited (?«0W») Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089 RICHFIELD MAMNE AGENCIES (3) PTE LTD *****33 (12 UNES) FAX: *****19/*****03 TELEX: RS ***** RISHIP (3 Unas) CR NO: **********0E Ethiopian shipping lines f
      403 words
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      1070 33 STFTv FOON6 SUN g SHIPPING (PTE) LTD WHOLESALE CENTRE, BLOCK 1, *03-10 SINGAPORE 0511 ■OOKIMQffNQUIRIKS CM NO: 10M*****00W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSMIP VESSEL VOY ETA ETD DESTINATION SUN RAY m 25/5 27/5 PIAJUyPALEMBANG NEE DIAKI 7/95 29/5 31/5 PONTIANAK/SINTETE GULF KHALIO 9/95 23/5 25/5 BENGKULU/PAOANG
      1,070 words
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      Page 33 Advertisements Column 2
      1292 33 JEDDAH/UK/CONTINENT rosa/voY r?fSri» »mm rwo mm stwj uh mbuots vika ins 22/ M oi/o* is/m ££2?" MIMA PtIAMI IMS 24/ M 11/* U/M WJ» gT? NiMH ms »/m mm n/u n/u \tm J** HSmKMSAmmi MEDITERRANEAN (MED CLUB)* VBSII/VOY a jjiiii W MM OMMM USp* la fo NtDUOTD HOOBN 719S M/M
      1,292 words
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      Page 33 Advertisements Column 3
      764 33 HANJIN SHIPPING BOOKINGS TEL: *****35-237 OPERATION TEL: *****41-253 SALES TEL:-*****30-233 DOCUMENT TEL: *****71-275 ,M to#" 1 M *2 2 £55 "l sw UNI HAUL W U KTC *****™™nSft» £2*S ,52 ,52 l? 2 HAJUNPOHANG IHE IM H MACaONAO2« 2U 2U 241 *****m£ES2£££ S2IS £2 152 112 IRENES SYNTHESIS MK 2M
      764 words
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      1396 34 H HIHVI■ I H B f M H fHH|H|||^^^L^^^UAll^L^A&^^AAJU^^^JJ^^^^g^^^BHUßAiMMHillHlißH^ rasa voy agjwg jhnmh aqaia- southawtow ham«ui6 tomtom antwep hhawk w/m i«/s IZ* ZZt Hi Id jumq 30/311 20/s »/s sa ua m id id ud_ MKOfll EXfKSS n/iw ?VS H/t M/t ]W> IV* cbwma ~ia7go~ —m s7B fz7S rcTT M
      1,396 words
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      Page 34 Advertisements Column 2
      1350 34 NORAsnn VSUVOY SIN ALQ BCL VAL HAM BRE ROT ANT FEL^LmI^I SI MOTIVATOR SI9W 20* O&OB 12.« 11« 14* 15« IMB 19* 1M 17* SEA INITIATIVE 520W 24* IMB 17 IMB 17* IMB IMB IMB IMB 2MB NOR MALTA KM-3 31* !W Q« 2MB 25,06 2B* 29* 27* 27* 2MB
      1,350 words
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      552 34 jSSHHHHMK CENTARUS 28/5 RdrrVAtw/UK/Nartes I ARIEL 25/5 2/6 Rdm/At*»AJK/Nartea I Loadt EVW. Malaysia. Indonwa J I Loading tof 1 I AYNUR KALKAVAN I NAZUK Jeddah/Port Saw I PAN CRYSTAL Duba»/D«rrnafVKuwart/Bahrain/Dona I Loads Singapore, EVW. Mafayaa. Indonesia I I Loading for I I AOTTVA GOPAL Los Angeies/New Orleans/ I I CharlaatoiVNorfofc/Camden
      552 words
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      1398 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Koppol Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE /SC&y (A SERVICE OF CHINA NAVIGATION CO) CARGO OUC SAILS STRAITS HOPE V9602E Muara. Lab. KK 19-20 May 22 May 23 May r C J NIAGA IN-22 V96O9EKK.Skan.Tao
      1,398 words
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      Page 35 Advertisements Column 2
      2647 35 M Singapore Agent: 1 ft?l I I .AIITjIIf)A|HS P&O Containers (Singapore Agencies) Pte Ltd r 1® Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE J*£ 3 3 tl l J^^ 64 PNOCSP F x: 225 5327/222 7517 EXPORT IMPORT ■< !'s?** r K r i u
      2,647 words
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      1217 36 EUROPE/UK/SCANDINA VIA/FINLAND/RUSSIA S6P ROM HBG THP ANW IHV LHV ANW THP HBG ROM PKL SOP I REACHRW-803 21/5 M 11/* 13/8 10* 14* E GRAND RE 052 24/4 25/4 27/4 21/4 28/4 22/5 24/5 E REWARD RW-013 27/5 16,* 18* 20* 21* E GENTLE RE 060 25 5,5 3/5 6,5
      1,217 words
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      Page 36 Advertisements Column 2
      665 36 PERSIAN GULF SERVICE WKtHLtMO *0 wL 2" MU ON* SAM KWT |U UM CONCtRT 834*018* ?v« ]£JjJ 07« CONCORD ASHA 33bca04# UM ?J£ 17« J2 Ltt U«C0NC0«0 03*HC1W OM* ItE £5 J?£ VSO ACCEPTING Fa TO DOW MT<DW WO DAMM/W MM ACCIPTUG RgftW CC<) MAURmUS/SOUTH AFRICA SERVICE Immß £j 2?
      665 words
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      Page 36 Advertisements Column 3
      616 36 SEAWARD SHIPPING AND 1 TRADING CO (S) PTE LTD T ETA ETA ETA J,, SPORE PORT KELANG PENANG «L BLUE JAOE 205 IN PORT loading for Male f IRUVAIHUOHU 28.5 Loading tor Japanese Potts I PKWEER SUPREME 296 Loading tor Male UMMEEOH 236 Loading tor Male i PROGRESS LIBERTY 305
      616 words
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      Page 37 Advertisements Column 1
      2604 37 EXPRESS TO FEUXSTOWE, ROTTERDAM AID HAMBURG 6**srtl Aflt Til IBmtrtl): 22t1HV }|I||/I»tli| After Olfl COSTAR SHIPPING PTE LTD f (6mni} 22*1tti cmiimir *2sss*i/u* onrim* cm*— atsns I Sainton Wi, 117 11 Tllir2lUl COSMIR Con»inllonil *****59 0/0 Cmfintunil *****46 09S Bill ft**' 2 CH Hi: **********9« f„ *****08 Brilktilk Sw Doci
      2,604 words
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      Page 37 Advertisements Column 2
      868 37 Jft FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 22/05 ROTTERDAM 22/05 AARHUS/COPENHAGEN 22/05 HAMBURG/BREMEN 22/05 MARSEILLE/FRANCE 23/05 FELIXSTOWE/UK 22/05 BARCELONA/SPAIN 24/05 LEHAVRE/FRANCE 22/05 GENOA/ITALY 20/05 ANTWERP/BELGIUM 22/05 LOS ANGELES/WC/IPI 22/05 SYDNEY/MELBOURNE 21/05 NEW YORK/EC 22/05 FREMANTLE/ADELAIDE 21/05 VANCOUVER 22/05 BRISBANE 25/05
      868 words
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      1150 38 •k.—m■■V■V■■■■ MJ| w B M K■■■■■■■ HH 9' I hi [fllKiSßKtiMilillTlT^^^l^^^^^^^^^^^^l |j VESSEL VOY SIN JKT |j vISSeL vsv BHATRA BHUM 80S Sun 21/5 Wad 24/5 THANA BHUM 122N Tua I 23/5 Wad 24/5 VESSEL VOY BKK H WANA BHUM 278S Wad 24/5 Sat 27/5 i BUNOA SEROJA 5077 Tua
      1,150 words
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      933 38 79 ANSON ROAD, *21-01, SINGAPORE 0207 TEL: *****92 FAX: *****57 CRi **********0l^: STRAITS SHUTTLE SERVICE PORT KLANQ PENANQ VESSEL VOY 1 SIM 1 PKL VESSEL VOY SIN Pf* SEA LAUREL 388N 18/5 (THU) 19,-5 (FRI) XOUR JAYA ***** 17/5 (WED) 19fc (ffl|) EAGLE BREEZE 204 A 18/5 (THU) 20/5 (SAT)
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      648 39 BSA ill MYANMA FIVE STAR LINE (Myanmar National Line) w Loading for Yangon (Rangoon) S pore P.KIg PEN P Gdg SITTWE W67E SLD PATHEIN VI32W SLD PAGAN V22OW 20/05 MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES KUL TEL 02-03-*****00 PKL TEL 02-03-*****01 PEN: TEL 02-04-*****02 PGO: TEL 02-07-*****21/4 NIGERIAN NATIONAL SHIPPING LINE
      648 words
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      Page 39 Advertisements Column 2
      911 39 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I I CRNO: **********06 I VOY SIN CMB JIO MOO J6O AOJ AO! MUK PZU MSW ASA KOTA BIRLIAN ORL3IB 29/8 2/6 6/6 10/6 12/6 14/9 20/6 21/6 24/6 KOT4B6RKAT 6KT26S 9/9 13/9 19/9 21/9 23/6
      911 words
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      Page 39 Advertisements Column 3
      829 39 ICR NO **********02 [VESSELS VOY SIN LE HAVRE HAMBURG THAMES ROTTERDAM ANTWERP VILLEOE LIBRA LO9W 23/06 13AW IS*O6 17AJ6 18AD6 iiJS VILLE DE NORMA NO9W 31AK 20/06 22/06 24/06 2506 26/06 "vilE OE CARINA CO9W 06/06 27A* 29/06 01/07 02/07 03/07 VHXE Dt SAGrTTA SO9W 13/06 oHof WO7 06/07 09/07
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      2141 42 J" AS AGENTS: "K" UNE (SINGAPORE) PTE LTD (CTNO 12*4«*****0HCS7REGNO ltt-oti739M) W TEL *****77 TELEX KAWAKIRS23I6S FAX: *****1&7/&9 I V W MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD m m TEL SA *****00 PK *****75 PEN *****20 JB *****01 P6U *****25/6 INDONESIA: P.T. SARANA LAUT MTERNUSA, TEL JKT *****08 m
      2,141 words
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      Page 42 Advertisements Column 2
      1558 42 AMERICAN PRESIDENT LINES, LTD. 19 KEPPEL HOAO »0201 JIT POH BUIUXMG SINGAPORE 0208 MAJN LINE 225 996fe CUSTOMER SERVICE 22S 122S FAX 221-A922 EAGLE VOCE 3219-468 CFS 270TO NORTH AMERICA CANADA WEEKLY CONTAMERB9ED BERVICC IVUgLVOTAGt PEW IWU. I PW I JKT m rvmavOYAGt I SEA Itrt [0A« IW lew I
      1,558 words
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      630 43 (A WHOU.Y-OMMED SUBSUARY OF NGL) Official Agent of: CpahlfHo» (SEA A AIRFREIGHT) «JvdUl KJcC TRANSPORT QMBH MAIN LINE: 278 7772 sftDl w WEEKLY LCL CONSOLIDATION INDIAN SUB-CONTINENT ETD ETD COLOMBO 24/05 29/08 CHITTAQONO 29/08 05/06 CALCUTTA 25/05 03/05 BOMBAY/NEW DELHI 29/05 29/05 KARACHI 01/05 08/05 MADRAS 25/05 29/05 USA/EUROPE ETD
      630 words
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      Page 43 Advertisements Column 2
      1591 43 NIL VAN DIEMEN/5212 eta S'pore 26/5/95 Brisbane 8/6/95 eta Wellington 16/6/95 (Direct) l C R **********0R "V U» Wi Itati 8* Mam Sou B«l) Rtm<2) Lah PVa S*n RHINE /1195 IT/5 17/5 19/5 17/S(F) 8/6 10/6 4/6 5/6 6/6 NLL ASIA /4175 23/4 16/4 27/4 24/4 18/5 20/5 NLL AFRICA/3205
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      Page 43 Advertisements Column 3
      719 43 WE ARE tSO 9002CERTIFIEd| EXPORT SHKIAPOWg CALIFORNIA EXPRESS (SCXJTOt USWC CAMAftA W LP* OAK VAM mr kTL CCO HOU "iMWI I M TOW MOW CALIFORNIA LUNA 74 24/05 1(V06 1806 14/06 15/06 1&«06 14/06 14/06 1506 17/06 2006 2006 CALIFORNIA MERCURY 70 31/05 17/06 IOT6 21/06 22/06 23*06 21/06 21/06
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      1367 44 NEW WEEKLY SERVICE TO BRAZIL WITH COMPETITIVE TRANSIT TIME CALL US NOW AT 2286-611 I J DESTINATIONS Naxt wwfc PANAMA N«t w««fc 6TH STRING MAW MA£RSK V.9606 AXEL MAEBSKV 9610 CPS 24/5 0400 HRS ATT. BAL CHS CUT LOB MEM MIA NYC OAK PHL OQ UABiT kAAfOfac <*** Z3A* M«
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      Page 44 Advertisements Column 2
      735 44 TO E. CANADA US ATLANTIC US GULF LOADING VOY SPORE P.KELANG HALIFAX N.YORK NORFOLK N.ORLEANS SAVANNAH TAMPICO HOUSTON HOEOHORAKE 0430 20 MAY 20JUN 23JUN 28JUN 3 JUL 29JUN 7 JUL 12 JUL HOEGHDYKE 0830 30/31 MAY 1/2 JUN 7 JUL 10 JUL 13 JUL 20 JUL 16 JUL 24 JUL
      735 words
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      Page 44 Advertisements Column 3
      597 44 MMtaydi FULL CONTAINER SERVICES IMMUMta mm it* ~nm it* imi i»* 'Ml lALTX UOU WGUI 1» IMI 11*5 MM "MCA M IUS tW IMS W OM tl« OUAIUimt VFSI4 11* ll* ll* H* 17* M» 1»* \V* VOUMA WGS7I IM6 IMI IMS IMI 15* ctwua «HK Ml n* iw imi
      597 words
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      988 45 CONSOLIDATION TO LIMASSOL Singapore I l ACCEPTING LCL CARGO AT FIR ASIA AWARDED I I ATTRACTIVE RATES ,so 9002 BY L, T 5 rfrv Transhipment available to Beirut, Lattakia Via LiIIUISSOI I —y i Call Te at DID 277 1064 g). X for bookings NOW!!! renl i Tel: Fax: INTERNATIONAL
      988 words
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      Page 45 Advertisements Column 2
      1704 45 ssSk $Pt?RE PKLAMG PENANO I JED I HAM I SWI LEM WW HTM DMT I VESSEL fig I tPOM^ns^^^uSM^ns«^^^«^^Hs^^MG^^lscl^MTt^ MS LASfINI 3199 15OS MM 13 H* 29 OS MM MM MM HH ITM MS OAMIK2ITS ISM* IS M MM nO6 MS RHME 11M It M lIM* 17 08* MM MM
      1,704 words
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      346 46 Singapore Soviet Shipping 11 M Co. Pte. Ltd. K CR NO:**********0N BOMBAY/COCHIN VESSEL VOY TTBTT BOM COC SEA GLORY GLRO43 25/08 03/06 KOTA MUTIAAA MUTO29 31/06 00/06 M. KURAKO MKO6M 08AM 18AM 24AM MANASLU 913 08/06 18AM HOCHIMINH/HAIPHONG VESSEL VOY SIN HCM MPH VYSOKOOORSK 085V96 21/06 27AM VYSOK OGORSK 08SV86
      346 words
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      Page 46 Advertisements Column 2
      154 46 SIM FAR EAST 23/5 KEELUNG/KAOHSIUNG 21/5 BANGKOK 21/5 MANILA/CEBII 24/5 JAKARTA/BELAWAN/SURABAYA 22/5 PORT KELANG/PENANG/E. MALAYSIA 22/5 BUSAN 21/5 TOKYO/YOKO/KOBE/NGO/OSA 21/5 HONG KONG m CHINA (+is#±»*n) 21/5 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 23/5 LDN/FLX/LVP/SOU 23/5 ROM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA 22/5 LOS
      154 words
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      Page 46 Advertisements Column 3
      505 46 I STAR SHIPPING AGENCIES (S) PTE LTD I 4 GOVTS FOR: ZIM CONTAINER SERVICE GOLD STAR UNE LTD SETH SHIPPING CORPORATION TELEPHONE: 220-6646 (8 LINES) FAX: *****70 T«fc *****12 (MARKETING) (CR NO. **********0-*) N. AMERICA/CARIBBEAN SERVICES wssu Ivor SM Imamjmi ica lut luv htc in vS TTWiTm*m U7T-B7T-H7T "17^177— OMKAOHMUNG
      505 words
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      Page 46 Advertisements Column 4
      435 46 I VOY SIN MAA Sl!<| TIGER CAPE 332N 22 23/05 28 31/05 I TIGER ISLAND 333N 25-27/05 *****)6 08 IIVO6 I TIGER BRIDGE 334N 29-3<VO5 04-07/06 12 13/06 1 TIGER BAY 335N 07 11/06 15-17/06 I TIGER CAPE 336N 05 0&06 *****)6 19 2006 I TIGER ISLAND 337N 08 1006
      435 words
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      Page 46 Advertisements Column 5
      239 46 Wl SIN FRFH MCll ITO *UCI LYTT t I au»wurncw im>~ nm nm t%m~ n*» i«*» j 1 MUSKI M 7 1W MM MT IM7 MARTHA»I4I Mltl IM7 2M7 iM7~~ 31/»7 B C VEROLMf34I 3M7 11* 14* IMI "?i| via Auckland M VSL SIN GPT WW CHI PHL Mg. ititNHuoicm
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      Page 47 Advertisements Column 1
      341 47 PMIO SHIPPING AGENCIES PTE LTD Tel: *****29 Fax: *****59 SPORE WEEKLY RO/RO-CONVENTIONAL SERVICE TO HO CHI MINH TRANSIT 2 DAYS LOADING SINGAPORE ON 2 ALSO ACCEPTING FCL CTNRS TO HAIPHONG 21 MAY 95 HAIPHONG 30 MAY 95 J WEEKLY CONTAINERS SERVICE TO BOMBAY TRANSIT 10-12 DAYS LOADING SINGAPORE ON: k
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      Page 47 Advertisements Column 2
      406 47 |imHNii|pMMa PULL CONTAINIR MRVtCI PROM MM TO MADRAS VESSEUVOY ETA SW ETA MAA MV BUNOA TERATAI V.TEROM SAILED 24-27/08 TIGER BAY V.SSIN IN PORT 2S-2WOi SEA ORAOON VDRGOSS 20-21/08 2S-2MM MV PESTOVO V.IS 20-21/09 25-2*06 TIGER CAPE 332N 22-2VOS 2S-3108 PRAVOINSK 19 2S-2M9 31-01/06 PRIVOCYE V 20 27-2 MB 02-CVOB
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      Page 47 Advertisements Column 3
      287 47 FOUR TIMES/WEEK SAILINGS: P. GUDANG/SPORE sta ETA VESSEL VOY PASm QUOAMQ VOY SMQAPORE KUALA StAK V ***** 18/06 (THU) 4079N 10/09 RH KUALA StAK V 4080S 20/06 (SAY) 4060N 21/06 SUM KUALA StAK V ***** 24/06 (MON) 4061N 23AM (TUB KUALA MAKV 4062S 24/06 (WED) 4062* 24/06 (WED) KUALA StAK
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      Page 47 Advertisements Column 4
      328 47 CHINESE-POLISH FIA JOINT STOCK SHIPPING CO CONTAINER/BREAKBULK SIN PRACA V 44 21/5 ANTWERP/ROTTEROAM/NAMSUR&ISOYMA JIAXING V.14 7/8 ANTWERP/ROTTEROAN/HAMBURG/GDYMA DLUGOS2 V 51 M CASABLANCA/GENOA CHON6MING VII 23/5 HOM6KONGAHJAMGPU/XIN6ANG/DAUAN WIENIAWSKI V.15 28/S HUANG PUKAOSHIUNG/L lAN YUNGANGy QINGOAO/XINGANG CHIPOLBAL SHIPPING PTE LTD (A JOKT VENTURE BETWEEN CHNESE POUSH JOINT STOCK SrtPPWG CO AND BALTIC
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      Page 47 Advertisements Column 5
      310 47 a* ROHUO ROHLIG INTERNATIONAL (S) PTE LTD l'L: A iHpfnn|[ TOrwinuy \inrnjjßi DAILY RECEIVING IXI. CARGO TO YANGON ETA Dradnadoa 22/05 29/05 Hamburg. Btrrnen 22/05 29/05 Inniliai Mm.hi Mm BlrnMntfham 01/06 12/06 Johannesburg, DurbaoTfartLouia 25/05 01/06 Sydney, Frrmantkv Melbourne 22/05 29/05 Bombay. Madras 24/05 27/05 BMgkok 23/05 29/05 Yangon WEEKLY
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      Page 48 Advertisements Column 1
      712 48 AFGHANISTAN MAM Afghanistan Ltd., ■kJH Hairatan, Torghundi, Islamqala (Doqharun) ■wiOtiWl C. I. S./RUSSIA: Alma Ata. Ashkhabad, Baku, Dushanbe, I IHlitrrr i Miinrh Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, nVii.ini rin■ n Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny n ernational orwardefs Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO
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      Page 48 Advertisements Column 2
      350 48 r MM MMTAIUBB IMB* lII* I Uk a— Agmts: MAC-KELB SPORE: *****22 (24IMES) LJM/ \2J MNOiimmOOON BBU (084) *****9 KUCHMQ (082) *****3 POOHO (04) *****8 BANGKOK <882)*****87 MAMLA (832) *****81 P. KEtANQ: (03) *****77 JAKARTA: (21)*****07 SURABAYA: (31)*****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE I m Se m mS g 23/5 24/5
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      Page 48 Advertisements Column 3
      591 48 STRAITS/ JAPAN/ STRAITS SERVICE. MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS [ra fra loamhc km ■USHT VKA 147 IS/S H/S MIAIAM/S ANDHWA AMtATNA 6 71/5 JO/5 MKMNC J/*, MNTUUI S/t n 1/4, NAGOTA 17/* TOKYO 10/4, RISMMOI4/4 04*111 UT 1/4 JAKAJHA
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  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      122 49 REGIONAL WEATHER LEGEND: R Thunderstorm Temperoture c A <^ ower Weother Wind direction with speed in knots Rom Cloudy Sky Wove height Surface winds ore indicated by arrows which tty with the wind One Ml circle represents colm or light ond vonoble winds i_ One half Heche represents 5 knots
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      Page 50 Advertisements Column 1
      118 50 Appointments Bayshore Shipbrokers Pte Ltd 99 Bukit Timah Road 03-04 Alfa Centre Singapore 0922 Well established ship operating, chartering, broking company has following vacancies: ORJRATTOJ^ Applicants should be young and energetic with excellent command of English and at least one year experience in a similar position with working knowledge of
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