The Business Times, 1 June 1995

Microfilm: NL19993
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BUSINESS TIMES WE KNOWM&IA MITA(P) 194/12/94 Thursday June 1 1995 85«,
    12 words
  • LATEST
    • Article
      Lock icon Dow Jones up 33pts
      58 1 Reuter NEW YORK Blue-chip stocks rose yesterday, helped by a rebound in technology shares that had been hit by profit-taking on Tuesday. At 2 pm EDT, the Dow Jones index was up 33.20 points to 4,411.88. At 1 pm, advances led declines 11 to 8 in
      Reuter  -  58 words
    • Article
      Lock icon Clinton ready to send troops to Bosnia
      44 1 AP COLORADO SPRINGS, Colorado Faced with a deteriorating situation in Bosnia, President Bill Ginton yesterday said he has decided to make US ground troops available to help reposition UN peacekeepers in former Yugoslavia if asked to. AP
      AP  -  44 words
  • Article
    H
    167 1 Stock aartot Indicts Wednesday Change ST1I 2,178.36 +15.88 KLSEComp closed Nikkei 15,436.79 -326.18 Hang Seng 9,407.38 +162.08 SET Index 1,392.31 +37.40 Jakarta Comp closed Manila Comp 2,***** +9.06 Taipei WPI 5,674.55 +27.48 Seoul Comp 882.5 +0.7 Bombay BSE30 ..3,348.72 +72.41 CLSA China B „„...788.46 +2.71 Aust All Ord 2,019.5
    167 words
  • Article
    Lock icon Kerkorian withdraws offer for Chrysler
    98 1 Reuter LAS VEGAS Billionaire investor Kirk Kerkorian yesterday said he was withdrawing his US$22.B billion (5531.7 billion) offer to buy Chrysler Corp, and that he was considering other options regarding his stake in the third-largest carmaker in the US. Mr Kerkorian's Tracinda Corp, which launched
    Reuter  -  98 words
  • Article, Illustration
    Lock icon UOB cuts prime rate to 6%, rivals expected to follow suit
    567 1  -  By Quak Hiang Whai SINGAPORE United Overseas Bank (UOB) has lowered its prime lending rate by a quarter percentage point to 6 per cent a surprise move expected to be followed by its rival Singapore banks. The reduction reverses
    Source: Bloomberg  -  567 words
  • Article
    A$ falls to record low of 99.39 Singapore cents
    260 1 SINGAPORE The Australian dollar ended at a record low of 99.39 Singapore cents yesterday. And in a repeat of its last plunge below parity on May 19, there was no direct selling of the Aussie dollar for the Singapore dollar yesterday.
    260 words
  • Article
    Lock icon Slowdown in US 1st qtr growth more abrupt than expected
    327 1 Reuter Bloomberg Business News WASHINGTON The US economy braked more abruptly in the first three months of this year than originally thought, the Commerce Department said yesterday, as quarterly growth slowed to the weakest pace in one-and-a-half years. Gross domestic
    Reuter; Bloomberg Business News  -  327 words
  • Article
    Regional shares ride US bond market rally
    150 1 SINGAPORE Regional stock markets yesterday welcomed the solid overnight rally in the US bond markets. The benchmark 30-year US Treasury bond yield fell nine basis points to 6.66 per cent after the Conference Board announced its index of consumer confidence had fallen sharply
    150 words
  • Article
    PCs find their way to more than 25% of S'pore homes
    392 1  -  By Kenneth James SINGAPORE Personal computers have found their way into more than a quarter of homes in Singapore, with home buyers fuelling overall PC sales, latest research data shows. Research group International Data Corporation (IDC) says it expects
    392 words
  • Article, Illustration
    URA offers three more land parcels for sale by tender
    633 1  -  By Agnes Wee SINGAPORE The Urban Redevelopment Authority is offering for sale by tender three more commercial, hotel and residential land parcels which real estate consultants expect will meet with a good response. Two of the sites are at China
    633 words
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      7 1 Innovation: pg 8 Bringing 3D to life
      7 words
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      45 1 Hock Lock Siew: Pg n Time for local banks to follow UOB's lead Hock Lock Siew: Time for local banks to follow UOB's lead, Pg 17 Joint baying by central banks bolsters US$, Pg 16 April US income growth expected to have been modest, Pfe7
      45 words
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      166 words
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  • SINGAPORE NEWS
    • Eye on the Economy
      • Article, Illustration
        Lock icon Wholesale prices stable in March
        243 2  -  By Teh Hooi Ling WHOLESALE prices remained relatively stable in March, figures from the Department of Statistics show. The Manufactured Products Price Index that month was 80.7 points about one percentage point higher than a year earlier. Compared with February, the figure was down 0.3
        Source: Dept of Statistics  -  243 words
    • News Roundup
      • Article
        PM Goh starts 2-day visit to Indonesia
        63 2 PRIME MINISTER Goh Chok Tong begins a two-day working visit to Indonesia today. A statement from the Prime Minister's Office yesterday said that he will meet President Suharto to exchange views on issues of bilateral interest, and regional and international developments. During his
        63 words
      • Article
        S'pore, China officials to meet annually
        52 2 FOREIGN ministry officials from Singapore and China will meet annually under a pact signed here yesterday. The memorandum of understanding was the third such pact that Singapore has signed with other countries, said the Ministry of Foreign Affairs yesterday. The others were with India
        52 words
      • Article
        PM sends Russia condolences
        20 2 PRIME Minister Goh Chok Tong has offered his condolences to the victims of the Sakhalin earthquake.
        20 words
    • Article, Illustration
      Lock icon Gleneagles to tap expertise of top foreign hospitals
      459 2  -  By Jenny Lam GLENEAGLES Hospital plans to establish teleconferencing links with its more reknowned counterparts in developed countries to tap their medical expertise. The first of such tie-ups will be with Baltimore-based Johns Hopkins Hospital and University. Johns Hopkins is rated one
      Photo by Chris Loh  -  459 words
    • Article
      S'pore and Manila agree on autopsy panelists
      241 2 SINGAPORE and the Philippines have agreed on the three experts who will form a thirdparty panel to resolve the contradictory findings of autopsies on murdered Filipina maid Delia Maga. The Ministry of Foreign Affairs said yesterday three names would be submitted to the
      241 words
    • Article
      Canada's Nortel to invest $25m in regional HQ here
      246 2 CANADIAN group Nortel has set up a regional headquarters and technical support centre in Singapore for the Asia Pacific. Nortel's Asia South Pacific president, James Deas, said yesterday the group formerly called Northern Telecom would invest about $25 million in Singapore
      246 words
    • Article
      Surprise tussle by UOL, OCBC for URA 99-yr parcel
      446 2  -  By Michelle Low THE Urban Redevelopment Authority's auction of two 99year lease landed residential parcels yesterday saw a surprisingly keen contest between United Overseas Land and OCBC Land over the first and larger site. UOL eventually clinched the 16,976.6 square metre
      446 words
    • Article
      China Square project expected to be finished by 2001
      358 2  -  By Agnes Wee THE Urban Redevelopment Authority expects the China Squarfe project in the Telok Ayer area to be completed by the year 2001. Under its China Square Concept Plan, the authority aims to revitalise the six-hect-are neighbourhood bounded by South
      358 words
    • Article
      NCB appoints new chief executive
      173 2 THE National Computer Board has appointed Stephen Yeo Siew Chye chief executive. Mr Yeo, formerly director of Systems Computer Organisation of the Ministry of Defence, starts his new job on July 1. He succeeds Ko Kheng Hwa, who has been appointed deputy managing director (in-
      173 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon KL to announce major anti-inflation policy tomorrow
      421 3 Reuter KUALA LUMPUR Malaysia is set to launch a major anti-inflation campaign this week but economists and analysts were unable to pinpoint yesterday what measures would be adopted. Prime Minister Mahathir Mohamad is due to announce the plan, aimed at controlling the inflationary
      Reuter  -  421 words
    • Article
      Lock icon Abri chief: Indonesia's ready to defend waters around Natuna islands
      227 3 AFP JAKARTA Indonesia's armed forces (Abri) chief has said Jakarta is ready to defend its claim over disputed waters around the Natuna islands in the South China Sea against rival claims, reports said yesterday. "Natuna obviously belongs to Indonesia, and
      AFP  -  227 words
    • Article
      Lock icon Britain may move Hongkong military facilities to Brunei
      239 3 AP KUALA LUMPUR Britain is looking at the possibility of shifting some of its military facilities to Brunei after Hongkong reverts to China, a newspaper reported yesterday. This was discussed by Malaysia's Deputy Defence Minister, Abdullah Fadzil Che Wan, and the British
      AP  -  239 words
    • Article
      Lock icon Laos reluctant to join Asean until it clears obstacles
      354 3 AFP VIENTIANE As Vietnam puts the final touches to its preparations to join the Association of South-east Asian Nations (Asean), its neighbour Laos is hanging back, saying it still needs more help before it can join the increasingly important regional group.
      AFP  -  354 words
    • Article, Illustration
      Lock icon Reunion at the River Kwai, 50 years later
      75 3 Reuter RIVER KWAI, Thailand Briton Trevor Dakin (left), Indonesian Buntom Wandee (cehtre) and Japanese Nagase Takashi posing for photographers in front of the Bridge on River Kwai in Kanchanabur province In Thailand. Fifty years ago, Mr Takashi was with the Japanese military
      Reuter  -  75 words
    • Article
      Lock icon Bank Negara's deputy governor dies
      148 3 Bernama KUALA LUMPUR Bank Negara deputy governor, Khong Kim Nyoon, died yesterday. He was 51. The central bank in a statement last night said Mr Khong died after a short illness. It did not mention the nature of his illness. Mr Khong leaves a wife,
      Bernama  -  148 words
    • Article
      Lock icon Technology for Johor's food industries
      66 3 Bernama JOHOR BARU The Johor government will bring about the integrated development of small, food-based industries with the help of the various agencies as part of a strategy to bring technology to the rural people. Menteri Besar Haji Abdul Ghani Othman said yesterday that the
      Bernama  -  66 words
    • Article
      Lock icon Legalising Philippines' illegal aliens
      91 3 AFP MANILA The Philippines will move to legalise the presence of clandestine immigrants, including Vietnamese boat people, President Fidel Ramos said here yesterday. He said the Alien Social Integration Act of 1995 will take effect today and he urged illegal aliens and their children to apply
      AFP  -  91 words
    • Article
      Lock icon Cambodia's US$374m in investments
      62 3 Reuter PHNOM PENH Cambodia has approved investment projects worth US$374 million (*****.8 million) in the first five months of this year, the government said yesterday. The Cambodian Investment Board said the projects will create 8,825 jobs when full production starts. The most expensive projects approved by
      Reuter  -  62 words
    • Article
      Lock icon East Timorese welcome UN talks
      71 3 Reuter JAKARTA East Timorese activists have welcomed the opportunity to air their grievances about Jakarta's rule of their homeland in United Nations-sponsored talks starting tomorrow, even though the meetings will avoid key political issues. Indonesia's decision to allow prominent dissidents to attend the talk* in
      Reuter  -  71 words
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  • CHINA/HONGKONG /TAIWAN
    • Article
      Lock icon SEZ growth slows as costs rise and Beijing shifts perks inland
      509 4 Bloomberg Business News HONGKONG Chinas "special economic zones", the state-approved capitalist enclaves that led China's explosive economic growth over the past decade, are slowing down. Rising wages in the special economic zones (SEZs) are driving investors to cheaper places
      Bloomberg Business News  -  509 words
    • Article
      Lock icon Chinese official slams US Congress
      89 4 AFP BEIJING A senior Chinese trade expert has lashed out at the US Congress for "abusing" its power and seeking to relink the extension of China's most favoured nation (MFN) trade status to the issue of human rights. Some members of Congress were keen on
      AFP  -  89 words
    • Article, Illustration
      Lock icon Forrest Deng
      59 4 Reuter HONGKONG A Hongkong publisher has shown gumption by latching on to the popularity of the hit movie Forrest Gump and publishing a collection of famous sayings by Chinese paramount leader Deng Xiaoping. He has used a cover design (above) that mirrors the film's publicity poster and the
      Reuter  -  59 words
    • Article
      Lock icon Warning on unemployment in China
      90 4 Reuter HONGKONG China's official urban unemployment rate could rise this year, depending on the progress of enterprise reform, said the most recent issue of the Bank of East Asia's China Analysis. The unemployment problem is caused by inadequate job opportunities and structural imbalances such as
      Reuter  -  90 words
    • Article
      Lock icon China test-fired ICBM: Japan official
      50 4 Reuter TOKYO China is believed to have test-fired an inter-continen-tal ballistic missile (ICBM) in the last few days, Japan's Chief Cabinet Secretary Kozo Igarashi said yesterday "We assume China conducted an ICBM experiment at the end of May," Mr Igarashi told a news conference. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Taiwan plans lower GDP growth and inflation targets
      270 4 Reuter TAIPEI Taiwan's top economic planning body plans to lower its target for annual Gross Domestic Product (GDP) growth to 6.5 per cent for the next five years, down from a current target of 7 per cent, an official said yesterday. The
      Reuter  -  270 words
    • Article
      Lock icon China sets up new software copyright watchdog .
      141 4 China sets up new software copyright watchdog AFP BEIJING China has set up a new body to control software copyrights, replacing a centre that previously suffered from conflicts of interest under the Electronics Ministry, a major software producer. The new centre will be under the direct control of the State
      AFP  -  141 words
    • Article
      Beijing will ask new refiners to go inland: expert
      282 4  -  By Teh Hooi Ling SINGAPORE Multinationals wanting to enter China's refined petroleum market may have to look further afield than the lucrative southern coastal areas, a conference here was told yesterday. Kim Woodard, chief China representative of manage AT the markets
      282 words
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      Page 4 Advertisements Column 2
      151 4 This announcement appears as a matter cf record only i ft J mf I .1 'riifi a -TUNTEX- TUNTEX (THAILAND) PUBLIC COMPANY LDiTM U5550,000,000 v '1 CREDIT FACILITY J Arrangers A Lead Managers AFC Merchant Bank The Development Bank of Singapore Ltd Keppel Bank of Singapore Limited Union Europ&nne de
      151 words
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  • ASIA
    • Article
      Lock icon Few surprises expected in today's NZ budget
      336 5 Reuter WELLINGTON New Zealand Finance Minister Bill Birch is expected to announce further hefty budget surpluses today and to resist any temptation to go on a spending spree before an election next year, economists said. Mr Birch's conservative National Party government is seen
      Reuter  -  336 words
    • Article
      Lock icon S Korea economy seen growing by 9.1% this year
      287 5 AFP SEOUL South Korea's economy is expected to grow by 9.1 per cent for the whole of 199S on the bade erf* thriving exports and healthy invest- ment, a private think-tank said yesterday. The Korea Institute of Economy and Trade (Kiet)
      AFP  -  287 words
    • Article
      Lock icon Tokyo governor cancels mayor expo
      72 5 AP TOKYO The capital's governor, sticking to a controversial campaign promise, announced yesterday he will cancel a multibillion dollar international cities exposition Tokyo was to host next year. Yukio Aoshima's promise to scrap World City Expo Tokyo '96, which he has called a waste of
      AP  -  72 words
    • Article, Illustration
      Lock icon On the scent of toxic gas leak
      39 5 Reuter KAWASAKI Employees of Tonen Corp's Kawasaki oil refinery examining a desulphurisation plant which is under investigation after it leaked toxic hydrogen sulphide gas on Tuesday. Five workers were seriously injured. Reuter
      Reuter  -  39 words
    • Article
      Lock icon Japan, N Korea hold unofficial talks
      45 5 Bloomberg Business News TOKYO Japan and North Korea are holding unofficial talks to pave the way for a resumption of formal negotiations on normalising diplomatic relations, an official of Japan's Ministry of Foreign Affairs said yesterday. Bloomberg Business News
      Bloomberg Business News  -  45 words
    • Article
      Lock icon India's ruling party and opposition split spoils of by-elections
      282 5 AFP NEW DELHI India's ruling Congress (I) party and a divided opposition yesterday split the outcome of provincial elections seen as the last popularity test ahead of parliamentary polls next year. The Congress won 10 out of 23 seats across half
      AFP  -  282 words
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      170 5 TJtu aducrttttment is for information purposes only and does not constitute an tmnUtOon or offer to acquire, purchase or subscribe for securities I June 1995 <9 The Industrial Finance Corporation of Thailand U.S. $100,000,000 Floating Rate Notes due June 2000 Lehman Brothers Merrill Lynch International Limited EBJ Asia Limited J.P.
      170 words
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  • FOCUS
    • Article, Illustration
      Marketers using TV to reach Indian pockets
      749 6 India's couch potato revolution LONDON For something that is now so firmly embedded in the national culture, television's development in India has been relatively slow. Not until the 1982 Asian Games held in Delhi did colour television arrive: using satellite and low power
      749 words
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      1323 6 /GY KIAW AIK HANG FINANCE COMPANY LIMITED I IhJ (Incorporated in Singapore) \rV/ 297, SOUTH BRIDGE ROAD, SINGAPORE 0105. TEL: *****69 Fax: *****50 BALANCE SHEET Tbtal 2,858 4,768 December 31,1994 19*4 1999 Thirdfwtie. < 768 ASSrre OaISL $"000 VOOO Related company (Note 3) 1 1_ Carnal aaaeta: Xotal 2,858 4,768
      1,323 words
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      829 6 EThis article was reprinted from the < ■►> May 22 issue of Business Asia. a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd NOTICE OF TWENTIETH ANNUAL GENERAL MEETING r Asia Matrix Limited and Its Subsidiary Companhs Vf NOTICE IS HEREBY GIVEN THAfr fee Twentieth Animal General Meeting
      829 words
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  • THE WORLD
    • Article
      Lock icon Clinton plans voluntary code of conduct for US firms abroad
      355 7 Bloomberg Business News WASHINGTON The Clinton administration has proposed a voluntary code of conduct for US companies doing business overseas in the hopes of influencing human rights practices abroad. Coming just days before President Bill Clinton is set to renew
      Bloomberg Business News  -  355 words
    • Article
      Lock icon EC warns against delays in launching single currency
      213 7 FT BRUSSELS The European Commission yesterday warned that delays in launching the planned single European currency and introducing Eurocoins and notes risks would trigger instability in financial markets. The warning was contained in a Commission green paper setting out the technical obstacles
      FT  -  213 words
    • Article
      Lock icon Call to abolish US telecoms agency
      194 7 NYT WASHINGTON A conservative research group closely linked to House Speaker Newt Gingrich called on Tuesday for abolishing the Federal Communications Commission (FCC), arguing that the agency had consistently hurt consumers by blocking competition and innovation. The group, the Progress and Freedom Foundation, issued
      NYT  -  194 words
    • Article
      Lock icon Modest growth only in April US income and consumption?
      340 7 Reuter Bloomberg Business News NEW YORK US personal income and consumption is likely to have grown at modest levels in April, throttled by a lack of auto bonuses, paltry farm subsidies and weak car sales, economists said. "There was respectable growth
      Reuter; Bloomberg Business News  -  340 words
    • Article, Illustration
      Lock icon Waiting for a helping hand
      66 7 Reuter NEFTEGORSK, Russia A rescuer standing over the hand of a victim reaching out from the rubble of a destroyed apartment building here on Monday. Almost 2,500 people are still missing after a powerful earthquake measuring 7.5 on the Richter scale struck early on Sunday.
      Reuter  -  66 words
    • Article
      Lock icon World Bank set to okay Mexican loan
      77 7 Reuter WASHINGTON The World Bank is expected to approve its biggest ever loan next month, a US$l billion (Ssl.4 billion) credit for Mexico to help the nation shore up its battered banking industry, sources said on Tuesday. Also on the bank's agenda is
      Reuter  -  77 words
    • Article
      Lock icon Swedish govt plans sale of state firms
      61 7 Bloomberg Business News STOCKHOLM The Swedish government plans to sell stateowned companies worth 70 billion kronor (S$ 13.4 billion) before the year 2000, Swedish daily Dagens Industri reported yesterday. The amount includes companies the government has previously said it wants to sell, such
      Bloomberg Business News  -  61 words
    • Article
      Lock icon Russia, Nato finalise treaty
      42 7 AP NOORDWIJK, Netherlands Russian Foreign Minister Andrei Kozyrev finalised a wide-ranging military cooperation treaty with the North Atlantic Treaty Organisation yesterday, but repeated his country's fears about alliance plans to accept its Eastern European neighbours as members. AP
      AP  -  42 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      393 7 Introducing the new Suzuki Esteem. Who says a family car can't make you look good? At Suzuki, wc didn't design the new Esteem to simply look good. We engineered it to do something far more ambitious to make you look good. Which is why as we mark our entry into
      393 words
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  • Innovation & Technology
    • InTakes
      • Article, Illustration
        Lock icon Giant sun-sail harnesses solar power
        51 8 IN-Press BONN This solar tower, with its 55 sq m sun-sail, sits on top of Germany's largest rooftop solar power plant. The photo-voltaic plant, built by German multinational Siemens, delivers about 90,000 kilowatt-hours of electricity a year, enough to meet the needs of 28 households.
        IN-Press  -  51 words
      • Article
        Lock icon Complete genetic code unravelled
        86 8 AP NEW YORK Scientists have decoded the complete genetic code of a free living organism for the first time, unveiling a DNA chain of over a million bases that makes up a life. Calling it "an incredible moment in history," Dr Frederick Blattner of the University
        AP  -  86 words
      • Article
        Lock icon New feature boosts LCD screen displays
        60 8 UPI CAMBRIDGE, Massachusetts Polaroid Corp and Motorola Corp have announced what they called a "revolutionary" innovation to improve visibility on liquid crystal display (LCD) screens used in hand-held computers and other devices. The Imagix holographic reflective material is designed to improve brightness and contrast
        UPI  -  60 words
    • Article, Illustration
      Graphics chip brings 3D to life
      830 8  -  SGS-Thomson has incorporated new technology to enhance computer games, Seamus Phan learns Seamus Phan %The writer is zone partner of McGallen A Bolden Associates, a strategic quality, training and technology consulting firm. He can be reached on the Internet at phancc@singnet.com.sg or at *****0.2427@compuserve.com
      830 words
    • Article
      Lock icon Computer network a boon for Japanese medical care
      642 8 On-line data transmissions give instant infqfto doctors in outlying areas NYT A COMPUTER network system that can transmit X-ray pictures and other medical images via telephone lines is improving medical care on some of the sparsely populated islands in the Japanese archipelago.
      NYT  -  642 words
    • Article
      Lock icon Hi-tech gadgets unravel mysteries of mind
      753 8 Computers and scanners help scientists track how brain processes information NYT ONE OF the deeper mysteries of the mind how people channel the rushing waters of perception and turn them into pools of accessible knowledge is beginning to be solved. Since the mid-1980s, with
      NYT  -  753 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
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      268 9 ijR *jr *r v sa^*: %"«jl#»' i-I' H s 4 m *Q H M |B H <S& Km v V. 14 1 «> s aHP- MM* -'%t is. C fciJ A aSSLw.-..... m •••iiiIMMP- k agg. w v WW i i'lMI wlvk M.• JBi B k tllJr ia.« m ja4l
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  • The Law Page
    • Article, Illustration
      Lock icon Aussie CJ overrules deportation order
      939 10  -  Chief Justice Anthony Mason gave the Australian government one more thing to think about before he retired, reports Selva Kumar Selva Kumar The author is a freekinte writer, currently engaged in post-graduate studies in Sydney CHIEF Justice Anthony Mason capped his eventful 23 years in
      Dollars and Nonsense  -  939 words
    • Article
      Buoyant time for shipping lawyers
      415 10  -  AT THE-®^ By Conrad Raj SHIPPING lawyers have never had it so good if the number of ships arrested in the past 17 months is anything to go by. According to the High Court registry, there were 40 ship arrests here in the first quarter
      415 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      173 10 I m Our latest model leaves nothing to imagination except its stunning looks. Be the first to experience the revolutionary new Nissan that others can only imitate. Visit our showroom or call our hotline at 460 1600 now. •Applies to 1.6 litre manual transmission only. Automatic transmission and 1.8 litre
      173 words
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  • SPORTS
    • Article
      Lock icon England beats Italy to clinch berth in quarter-finals
      675 11 WORLD CUR -1993 AP DURBAN, South Africa The Underwood brothers, Rory and Tony, each scored a try yesterday and Rob Andrew kicked for 17 points to give England a 27-20 victory over Italy and a berth in the Rugby World Cup quarter-finals.
      AP  -  675 words
    • Article, Illustration
      Lock icon Scotland's in better shape and spirits for clash with France
      581 11 Reuter JOHANNESBURG Scotland approaches its climactic Rugby World Cup Pool D clash against France in Pretoria this Saturday in both better form and better spirits than their opponents. The Scots followed their 89-0 demolition of Ivory Coast last Friday with
      Reuter  -  581 words
    • Article, Illustration
      Lock icon Sampras is out sifter defeat by Schaller
      524 11 French Open AP PARIS Pete Sampras, the No 2 seed, tumbled out of the French Open in the first round yesterday with a dramatic fiveset loss to Gilbert Schaller. The 24th-ranked Austrian, in the most impressive victory Of his career, roared back after
      AP; Reuter  -  524 words
    • Article
      Lock icon Pierce gives French crowd what they came to see
      418 11 Reuter PARIS French by design but made in Canada, Mary Pierce returned to her adopted home and gave the Parisian crowd what it came to see a comfortable win in her first match at the French Open on Monday. Pierce arrived
      Reuter  -  418 words
    • Article
      Lock icon Rockets blast the opposition
      135 11 Reuter SAN ANTONIO, Texas Hakeem Olajuwon scored 42 points and Sam Cassell 30 as the Houston Rockets moved within one victory of returning to the NBA Finals with a 111-90 rout of the San Antonio Spurs on Tuesday. The defending champion, Rockets never trailed and won
      Reuter  -  135 words
    • Article
      Lock icon Swimmer hits out at ban on China
      119 11 AFP HONGKONG World record swimmer Dai Guohong has attacked Western nations which she said were singling out China as a nation riddled with drug abuse. The 18-year-old, who holds a relay world record, said it was wrong for Canada, the US and Australia
      AFP  -  119 words
    • Article, Illustration
      Lock icon Smash hit
      58 11 Reuter CLEVELAND Cleveland Indians' batter Eddie Murray breaks his bat off a pitch by Chicago White Sox pitcher Alex Fernandez in the fifth inning at Jacobs Field here on Monday. The ball was caught in the outfield. Murray got a hit in the first inning and now needs
      Reuter  -  58 words
    • Article
      Jakarta to host Dunhill golf champs
      140 11 LONDON Alfred Dunhill Limited, the English luxury goods company, has announced that the 1995 Alfred Dunhill Masters Golf championship will be staged at the Palmer Course at the Emerald One Golf Club, Jakarta, on Nov 2-5. England's Nick Faldo, the world No 3, three
      140 words
    • Article
      Lock icon Samaranch backs Sydney Olympics
      122 11 AP LAUSANNE, Switzerland International Olympic Committee (IOC) president Juan Antonio Samaranch on Tuesday confirmed his "total support" for Sydney to host the 2000 Games here, despite concerns over finances. The Sun Herald newspaper had reported that Mr Samaranch was concerned the New South Wales state government
      AP  -  122 words
    • Article, Illustration
      Lock icon Shaquille's swagger is back in action
      565 11 NBA Playoffs AP ORLANDO The swagger was back, and so was the smile. Shaquille O'Neal pranced into the hallway at Orlando Arena on Tuesday and strolled away with a demeanour the Magic hope will set the tone for the rest of the Eastern Conference
      AP  -  565 words
    • Article, Illustration
      Basketball
      12 11 HOUSTON NBA Western Caafereace finals, Tuesday: San Antonio 90, Houston 111.
      12 words
    • Article, Illustration
      Cricket
      37 11 LEICESTER, England West Indies were 389 for five wickets off 93 overs in their match against Leicestershire on Tuesday. Scores: West Indies 389-5 (K Arthurton 146, S Chanderpaul 97 not out, R Richardson 60) v Leicestershire.
      37 words
    • Article, Illustration
      Cycling
      74 11 SELVINO, Italy Tour of Italy 17th stage (43 km individual time trial between Cenate and Sekino), Tuesday: 1 Tony Rominger (Swi) Mapei Ih smin 59scc 2 Evgeny Berzin (Rus) at 1:39 3 Piotr Ugrumov (Rus) 2:03 4 Francesco Casagrande (Ita) 3:11 5 Pavel Tonkov (Rus) 3:27. Overall: 1 Rominger
      74 words
    • Article, Illustration
      Golf
      57 11 LONDON European Tour money leaders, Monday: 1 Bernard Langer (Ger) £181,347 2 Costantino Rocca (Ita) 174,695 3 Peter O'Malley (Aust) 155,235 4 Mark James (Eng) 148,419 5 Michael Campbell (NZ) 144,192 6 Seve Ballesteros (Spn) 127,573 7 Sam Torrance (GB) 126,014 8 Colin Montgomerie (GB) 123,998 9 PerUlrik Johansson
      57 words
    • Article, Illustration
      Tennis
      158 11 PARIS US$lO.3 million (SSI4J million) French Open Ist rd, Tuesday (seeds only): Men: 3-Boris Becker (Ger) b Javier Frana (Are) 7-6 (8-6) 6-4 6-3; Mikael Tillstrom (Swe) b 4-Goran Ivanisevic (Cro) 7-5 6-3 6-4; 6-Michael Chang (US) b Diego Nargiso (Ita) 6-3 6-4 6-1; 7-Sergi Bruguera (Spn) b Patrick
      158 words
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      Page 12 Advertisements Column 1
      324 12 The All Naturally Brewed Beer. L WORLDS yWQOTSEUJNOBEEH JE V adt—Wfcddfc.aSJU-t.WarW TH€ MOST fIUTH€NTK ITflUflN PflSTfl PIZZA IN TOUJN —i I* iiitLg ...NEARER TO TNE EAST HMM3 MHA FRfSCA M SAEVfTOH PTI lit i"I jilrtQwwioflwrHKioiwttsajn/oMio ifffcv n —1 JKTm IVJSI u«Mni/4«v) r LPIPI »nd^i^a—ii ii insa»uw<4«mn U735C373/*****7S XIHF 77ta»taCs*lid#0l-01/n«IS4S) i=25J
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      Page 12 Advertisements Column 2
      294 12 torufjht and snrtcbour Thursdays; ?pm 2am, Fridays. Saturdays eve of public Karaoke with our DJ on Sundays MiscHfefy A wr BOCUVAU) HOTO. 2M Orchard Boutevard 1*24 Tat 717 »U V 1 May-30 June 1995 Our Tok Panjang" of delicious Peranakan specialities Include Ayam Buah Keluak. Ganun Assam Dean. Udang Chili
      294 words
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      Page 12 Advertisements Column 3
      387 12 WHERE T8 WINE, DINE AND ENTERTAIN To Sovoor TW WorM. Cot Froah Sfrt Our International Buffet at Cafe Plaza is a world of culinary delights. Starting with a bed of the freshest Rock Oysters. Followed by a sumptuous spread of everything from French and Italian, to Japanese, Thai and Singaporean.
      387 words
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      Page 12 Advertisements Column 4
      289 12 I Celebrating Fish UTs drink to fish. Bouillabaisse or Tom Yam? Top of tho M celebrates fish with a lunch buffet of every Imaginable fish recipe. Salmon, solo. Xm snapper. sea ban... If R can bo caught It can bo cooked. And w* know aU the doUdous ways. Continental or
      289 words
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  • LIFESTYLE
    • Article, Illustration
      Castration and modern life
      714 13  -  Director Ong Keng Sen talks about his latest play Descendants Of The Eunuch General to Susan Tsang Susan Tsang THE drama section .of the Asian Performing Arts Festival 1995 looks like rather poor pickings for the English-speaking viewer most of the works are in Chinese or
      714 words
    • Article, Illustration
      Lock icon Home Improvement`s Tim Allen refuses to be advertising tool
      402 13 UPI AFP AFP UPI UPI TIM ALLEN is one star who won't lend himself out as an advertising tool, even for his own top-rated TV show.. Hollywood insiders say McDonald's cancelled tentative plain for a multimillion-dollar tie-in campaign with Home Improvement
      UPI; AFP  -  402 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      297 13 WHERE TO WINE, DINE AND ENTERTAIN \j Wine Dine j Entertainment 1 This space is yours for just a daily purchase of 120 copies I of Business Times for 1 year. I Ilk Any enquiries, please call HBT I (&£*&aryoia#!ZcrmPte ■J j Swimwear Fashion Show Tonight! where Ihe FUN never
      297 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1019 13 Ch 12 Hockney America. Another was take up the camera This programme looks at how takes photos subject, them a collage. The Paris Opera puts up two historic one-act ballets as- ;v^% sociated with designs by Picasso The Blue Train, and Le Tricorne. -SfiH Fo*»!. 8.30pm. Ch 5 Tom Selkck
      1,019 words
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  • Article
    Settling wages sensibly
    454 14 THE last time a labour union chief called for restraint in wage increases, Singapore was sinking fast into an uncharacteristic recession. It was a dire situation and uppermost in the minds of unions was the danger of job losses. Ten years after, NTUC secretaryfeneral Lim Boon Heng
    454 words
  • Article
    Serbs must be stopped
    367 14 WITH the ignominy of its peacekeeping troops paraded as hostages by the Serbs in Bosnia, the UN is facing die most severe test of its credibility in recent memory, if the world body's performance in this Balkan conflict had to be summed up in a single
    367 words
  • Article
    Strength from adversity
    125 14 >IUCH as Singaporeans in general object to the emotional reactions in the Philippines over the hanging of Flor Contemplacion, the episode has given them the opportunity to look at the strengths of Singapore's judicial system and the principles upon which the government made important decisions. As Home
    125 words
  • Article
    Counter change with no change
    182 14 THE Socialist Party played an important role in postwar Japan in the *****. The decision to dissolve the party is not to bring down the present government and give up ruling power. On the contrary, it is to prolong the life of the transitional government.
    182 words
  • Article
    China after it got what it wanted
    179 14 THIS TIME last year, Beijing released a handful of dissidents, including Chen Ziming and Wang Juntao, as the deadline for a decision on China's most favoured nation (MFN) trading status drew close. Subsequently, Beijing got what it wanted a renewal of its MFN
    179 words
  • Article
    HK jobless issue hots up
    86 14 WINSOR Industrial's announcement of the cessation of textile processing activities in Hongkong with the loss of 600 jobs is another marker indicating change in Hongkong's evolving economy. Unemployment is a rising issue on the territory's political agenda as the re-structuring of the economy displaces a
    86 words
  • Article
    Rugby as ambassador
    116 14 THE foreign teams have arrived. Large areas of the country are about to be seized by Rugby World Cup fever. The sight of our team running on to the field to kick off one of the greatest sporting showpieces will provide another powerful image of our reconnection
    116 words
  • Article, Illustration
    US' model minority ought to reject activist agenda
    729 14  -  Asian-Americans' quiet achievements serve them best, says Julian Weiss Julian Weiss The writer, a follow in international communications at The Heritage Foundation in Washington DC, contributed this article to Business Times WITH the 1996 US presidential election season fast approaching, AsianAmericans are
    729 words
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      82 14 One Issue One Year's Issues One Year's Subscription Price SS5.l5* Ss6l.Bo* $$43.26* Inclusive of GST H5 would like a free copy. (While stock lasts) i I□ I would like a one-year subscription Payment ncharge to VISA□ AMEX MASTER I from lune_l issue. Card no: I Name: Expiry date: I I
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  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      51 14 (u>WO CP*R£S DON'T LOOCX \j I'M 101 TH ft SMILE. 1 I**l P\H?fSD THCRCA V —I HERE. R3R MOJFV ON TH€. pee o»e OR TWO I J -r^'s^y eHMWaMMfML»,NM| g«MW DOONESBURY GARRY TRUDEAU THANKS.MY... [F"^^V)JrJa!c^B Hgf.BßfOtß UHAT* M VUMtI M »PI9&N' 1 pm L WW*"*). J WUGO.HW IF ASU& 1
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  • ANALYSIS
    • Article, Illustration
      Mighty yen leaves no room for the meek
      1323 15  -  Japan's industries are being forced to deal with the impact of the high yen. Anthony Rowley looks at the winners and the losers Anthony Rowley The writer is BT's Tokyo correspondent JAPAN faces a reversion to an economic law of the jungle
      1,323 words
    • Article, Illustration
      Lock icon Defying the domino theory
      1097 15 Asian markets have always moved up and down with the US market, but money managers say the link is breaking Bloomberg Business News WHEN US stocks next take a dive, will it be the end of the world for Asian equities? Many investors think so. Asian
      Bloomberg Business News  -  1,097 words
  • Page 15 Advertisements
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      143 15 lIMII N 1 < 111 < 1111 11 IS L< lIK| <lU< lo lliinL oiilsmL lli. s(|ii<ii<' Iviclicvillv (lir<> 11 < pin* dc lorinc lomiicmii M. •> MANUFACTURE Girard-Perregagx DEPCJIS 1791 Pictured: Model n *****.0.1 1. 1031 "Tonneau" handivinding chronogt aph in stainless steel. Also available in automatic without chronogiaph.
      143 words
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  • Article
    Lock icon Car wars: US softens, ready to start talks with Tokyo
    514 16 Reuter GENEVA The United States appeared yesterday to be easing the hardline stance it has adopted in its car trade row with Japan by signalling readiness to accept Tokyo's demand for prompt consultations. After a meeting of the World Trade
    Reuter  -  514 words
  • Article
    Lock icon Testy Tokyo slams Moody's ratings stance
    355 16 There are hints that govt may reconsider status of the US ratings agency Knight-Ridder TOKYO Ah, the sensitivities of high finance. When the Ministry of Finance and the Bank of Japan got wind earlier this month of some hard words from Moody's Investors Service
    Knight-Ridder  -  355 words
  • Article, Illustration
    Lock icon Japan's war apology: Murayama may dissolve coalition
    228 16 Reuter TOKYO Japan's Prime Minister Tomiichi Murayama has indicated he might break up his ruling coalition if parliament fails to pass a pending war apology resolution, the Kyodo news agency reported yesterday. Kyodo said Mr Murayama told political colleagues he would act "with
    Reuter  -  228 words
  • Article
    Lock icon New French govt unveils plan to sell steel-maker Usinor
    326 16 Reuter PARIS France's new conservative government, unveiling its first privatisation since taking office this month, said yesterday it planned to sell Europe's largest steel-maker, Usi-nor-Sacilor SA, before the summer. The announcement coincided with fierce protests from public sector unions angry over
    Reuter  -  326 words
  • Article
    Lock icon N Korea seeks US$1b more in US aid under nuclear deal
    106 16 Reuter SEOUL North Korea has asked the United States to provide about US$l billion (SSI.4 billion) worth of extra economic and technical aid under its landmark nuclear deal with Washington, South Korean news reports said yesterday. The communist state
    Reuter  -  106 words
  • Article, Illustration
    Why image may decide who's the next US president
    825 16  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent who recently spent some time in the US on a fellowship programme ONLY a miracle will give US President Bill Ginton a second term. By contrast, the tremendous
    825 words
  • Article
    Lock icon Joint buying by central banks bolsters US$
    220 16 Reuter NEW YORK The US dollar surged yesterday after concerted intervention by the US Federal Reserve Board, Germany's Bundesbank, the Bank of Japan and several European central banks. US Treasury Secretary Robert Rubin said the move was in line with the exchange rate
    Reuter  -  220 words
  • Article
    Lock icon Indian govt urged to review 'junk food` move
    253 16 AFP NEW DELHI The Speaker of India's Upper House of parliament yesterday urged the government to review its move to permit American fast-food chains into the country after several MPs slammed the decision. Najma Heptulla, chairman of the Rajya Sabha, said the
    AFP  -  253 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      162 16 ADVERTISING MARKETING Tomorrow in Business Times BUG IS JUNCTION] For rhe first rime, all Trade Development Board offices are housed under one roof to provide the business community with one-stop integrated 111 MKg 3 j service. The move is part of TDB's continuous g J ill effort to better perform
      162 words
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      Page 16 Advertisements Column 2
      13 16 I^dvertlslngT" I MARKETING Tomorrow in Business Times Mighty yen leaves bo room forthe-eek,P|ls
      13 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Wing Tai, CityDev to sell Claymore condos for $75m profit
      471 17  -  Block was bought for $275 million just last month By Michelle Low SINGAPORE Wing Tai and City Developments will jointly sell their recently purchased Claymore condominium block within the next few days, a move that is expected to net them
      471 words
    • Article
      Yeo Hiap Seng shifting focus to East Asia
      306 17 SINGAPORE Listed beverage group Yeo Hiap Seng (YHS) is repositioning itself to focus on the consumer boom in East Asia, said its chairman Wong Yip Yan, in the group's 1994 annual report. Mr Wong said the group is shifting from its earlier
      306 words
    • Article, Illustration
      Lock icon What's behind the speculative interest in OCBC warrants?
      319 17 SINGAPORE Speculative interest in OCBCs warrants has pushed the counted up 83 cents or almost 19 per cent over the past two days but brokers are wary of the logic that underpins the buying. The warrants, which expire next month, surged 41
      Source: Bloomberg  -  319 words
    • Article
      Time for local banks to follow UOB's lead
      860 17  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE So, United Overseas Bank has finally cut its prime lending rate, reversing a 16'/j-month uptrend. The quar-ter-point cut in prime to 6 per cent, in itself, should not come as a surprise as Singapore dollar
      860 words
    • Article, Illustration
      OUE, China firm to build US$60m hotel in Shantou
      372 17  -  By Quak Hiang Whai SINGAPORE Lien Ying Chow's Overseas Union Enterprise has signed an agreement with a Chinese company to develop a hotel and residential project in the southern Chinese city of Shantou. The Singapore-listed hotel and property group said its
      372 words
    • Article, Illustration
      MARKET MOOD
      50 17 nm 'Market Mood' indicates the likely trading sentiment today, bated on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barings. Credit Lyonnais Securities, Daiwa, Fraser, GK Goh, Kay Hian. Morgan GrenfeU, Ong Co, Nomura, Phillip, Smith New Court. W Can and SG Warburg.
      50 words
    • Article, Illustration
      HOT STOCK
      100 17  -  By Paul Leo STIC broke through resistance at $2.00 on strong volume to end at $2.05 yesterday 2.8 million shares hands compared to the 10-day average of 818,000 units. But investors are advised to be cautious as other »«-h«ifi factors are signalling a correction soon. Weekly Relative Strength
      100 words
    • COMPANIES
      • Article
        DBS CPS instalment due by July 3
        88 18 SINGAPORE DBS Bank has announced that holders of its convertible preference shares (DBS CPS) have up to July 3 to pay the third instalment of 50 S cents a share. The payment is $500 for every 1,000 DBS CPS. DBS CPS were issued
        88 words
      • Article
        SPH sells Canadian firm
        145 18 SINGAPORE Singapore Newspaper Services, a wholly-owned subsidiary of Singapore Press Holdings, has sold its 100 per cent shareholding in Singapore Newspaper Services (BQ Ltd (SNSBQ, a company incorporated in British Columbia, Canada, to Canadian company Avenor Inc for Cslo,ooo ($10,140). SNSBC has a fully paid-up capital
        145 words
      • Article
        YHS (M) appoints three directors
        30 18 SNGAPORE Yeo Hiap Seng (Malaysia) Bhd has appointed essrs Alexander Chan Meng Wah, Michael Yeo Chee Wee and Chan Kim Leong as its additional directors.
        30 words
      • Article
        Wepco sells two subsidiaries
        67 18 SINGAPORE Sesdaq-listed Wepco has sold its entire holdings in subsidiaries RPS Asia Pacific and Wepco Marketing Services to the minority shareholder Telesignal Pte Ltd for $330,000. Wepco also acquired from RPS Asia Pacific a 65 per cent stake in Dataron Corporation Sdn Bhd for $407,500. The
        67 words
      • Article
        Lock icon Bangkok Land posts 330m baht loss after poor sales, forex losses
        292 18 Bloomberg Business News BANGKOK Bangkok Land pic, developer of Thailand's largest residential complex, posted a consolidated fourthquarter net loss of 330 million baht (5518.6 million) after a profit of 761 million baht in the same period a year earlier.
        Bloomberg Business News  -  292 words
      • Article
        Untitled
        545 18 Miaagiri' fhem Jun I a Greater Chun Fd 1.00 ff Mendaki Gr Fund 1.03 1 06(i SMPP«re unn inisi US Gr Fund 1.00 1.04* The Commerce 1.59 l.6lid aaM Iu The Savings Fund 1.54 1.63 WB ASSet Mgt Ltd S-pore Rrn« Fund 0.62 0.66 Unifiind 1.47 1.54 S-porc Sec Fund
        545 words
      • Article
        Bank of Asia share price stays firm despite stalled takeover
        473 18  -  From Loh Hui Yin In BANGKOK DEMAND for Bank of Asia shares seemed to remain firm yesterday despite a report from Finance One that its proposed takeover of the bank had made "no significant developments". Finance One, Thailand's largest financial
        473 words
      • Article
        Rotary revamps operations to focus on region
        283 18  -  By Claire Leow SINGAPORE Engineering and construction firm Rotary Engineering Ltd has redeployed its staff and streamlined its operations to focus on regional business opportunities. Chairman Chia Kim Piow said in the company's annual report that its services have been streamlined into three
        283 words
      • Article, Illustration
        Lock icon Jollibee signs bakery venture with Delifrance Asia of Singapore
        326 18 Bloomberg Business News MANILA Jollibee Foods Corp, the dominant fast-food chain in the Philippines, said it has signed a joint venture with Delifrance Asia of Singapore to make French bread and pastry products. Jollibee said it will form a wholly-owned corporation
        Bloomberg Business News  -  326 words
      • Article
        Krungthai Thanakit expects 12% rise in profit to 951m baht
        403 18  -  By Quak Hiang Whai SINGAPORE Thailand's finance and securities firm Krungthai Thanakit Public Co Ltd, which plans to launch its much delayed public offer in November, expects to earn 951 million baht (Sss4 million) this year. This is about 12
        403 words
      • Article
        Quotation of Singapore Government Stocks as at May 31. 1995
        318 18 1.8.95 N*****1V 1993 15/8# 1000 1/8 1/2 119 100 15# 0 74# 1.9.95 N*****0Z1990 5 3/8# 950 1/9 1/3 91 101.20# 0.61# 15.3.96 j N*****0F1991 5 650 15/3 15/9 77 103.20# 0.93# 1.7.96 N*****0W1994 31/4# 800 1/7 1/1 150 102.36#
        318 words
      • Article, Illustration
        Gold mining venture to launch US$450m IPO in Australia
        438 19  -  By S N Vasuki SINGAPORE Lihir Gold Ltd, a joint venture that is developing a gold mine in Papua New Guinea, plans to raise US$45O million (*****.5 million) from an initial public offer in Australia in September. This amount, together with
        438 words
      • Article
        Lock icon Japanese investors keener on US assets as dollar stabilises
        409 19 Reuter TOKYO Some Japanese investors are raising their weightings in US stocks and bonds as the dollar has regained some stability after its recent plunge against the yen, a survey of Japanese institutions found. In April, institutions surveyed cut US weightings
        Reuter  -  409 words
      • Article
        Unocal discovers major geothermal field in Sumatra
        326 19 SINGAPORE A subsidiary of America's Unocal Corporation has discovered a new geothermal energy source on the Indonesian island of Sumatra. Unocal Indonesia says tests on an exploration well in the Sarulla block, in northern Sumatra, produced enough geothermal energy to generate 12 megawatts
        326 words
    • FINANCE & COMMODITIES
      • Article
        Asian Finance signs deal for US$300m flexible bond notes
        341 20  -  By Paul Leo SINGAPORE Locally-in-corporated Asian Finance and investment Corporation (AFIC) has obtained a US$3OO million (Ss4l7 million) medi-um-term flexible bond note facility from 14 banks. The Asian Dragon Bond Medium Term Note Programme signed yesterday gives AFIC flexibility in terms
        341 words
      • Article
        United Tractors taps US$125m from Asian dollar market
        228 20  -  By Soh Tiang Keng SINGAPORE Indonesia's United Tractors has tapped US$l25 million ($174 million) from the Asian dollar Market its biggest fundraising exercise from Singapore's offshore market. The five-year syndicated loan was arranged by four Singapore-based Japanese ihinlrT DKB Merchant Bank (Singapore),
        228 words
      • Article
        MasterCard, Visa report robust 1st qtr growth
        262 20  -  By Shiv Taneja SINGAPORE The world's biggest credit card vendors MasterCard and Visa yesterday announced hefty first quarter growth. MasterCard International said its credit and debit card business grew 25.6 per cent to U*****.5 billion (*****.5 billion) in the first three months, over
        262 words
      • Article
        Lock icon Morgan Stanley fined £240,000
        307 20 It's the largest penalty imposed by UK's securities watchdog FT LONDON Morgan Stanley, the US investment bank, has been fined £240,000 (*****,800) by the UK's Securities and Futures Authority for breaches of financial services regulatory rules, the largest fine imposed by the self-regulatory body. The firm
        FT  -  307 words
      • Article
        Oil futures decline
        294 20 LONDON Oil futures declined in London and New York, led down by US petrol amid speculation the American Petroleum Institute would report later in the day supplies are rising. The petrol futures contract for June delivery in New York was sold heavily by traders ahead of last
        294 words
      • Article
        Lock icon LONDON
        177 20 Reuter LONDON The dollar surged higher yesterday after concerted intervention by the US Federal Reserve, Germany's Bundesbank, the Bank of Japan and several European central banks. But economists said the dollar buying would have to be supported by policy moves for the US currency to maintain upwards momentum. The
        Reuter  -  177 words
      • Article
        Lock icon NEW YORK
        101 20 Bloomberg Business News NEW YORK The dollar surged against most major currencies after the Federal Reserve and many other central hanks bought dollars for deutsche marks and yen. The Federal Reserve Bank of New York started the buying shortly after B:3oam LIS Eastern time. The purchases pushed the
        Bloomberg Business News  -  101 words
      • Article, Illustration
        Untitled
        1170 20 Trade-weighted index catctdmed agonal S pore i up 14 trading partners Base year 19&5 US$/S$ forward rates Noon /May 31 ss M Oflar 1-month 1.3833 13*41 2-month 1.3710 1 3795 3-month IJ723 1.3731 iHBonth 1.3592 1.3612 Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9m m May 31 Siagapore dollars
        1,170 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures close higher
        1297 21 Reuter SINGAPORE Simex Euroyen futures closed sharply higher and Eurodollars were unchanged in moderate trade. Dealers said Euroyen trading was dominated by arbitrageurs and speculators. An Asian futures dealer said sentiment was still very bullish. "You just can't sell this market. But prices are really quite
        Reuter  -  1,297 words
      • Article
        Rubber futures advance in S'pore
        585 21 COMMODITY REPORTS Rubber Singapore: Rubber futures prices advanced yesterday on speculative buying in line with the trend-setting Japanese market, dealers said. Prices of each of the three grades traded were up about two cents over Tuesday, a dealer said. July RSS 1 traded at 222
        585 words
      • Article
        China buys 450,000 tonnes of corn
        83 21 HONGKONG Chinese buyers again entered the corn market in the past two weeks, purchasing between 400,000 and 450,000 tonnes of US corn for nearby shipment. The active buying was prompted by high domestic prices in China that show no signs of weakening, despite the
        83 words
      • Article
        Belgian aluminium plant to expand
        48 21 BRUSSELS Hydro Aluminum, a Belgian subsidiary of Norsk Hydro, is to invest 60 million francs (552.9 million) to boost its aluminium production by 10,000 tonnes a year, Belgian newspaper L'Echo reported yesterday. It said the aluminium will be used for vehicle air-conditioning units.
        48 words
      • Article
        India's grain stocks bulging
        90 21 NEW DELHI The government's grain stocks were bulging at 29.05 million tonnes as of May 1, versus some 25 million a year earlier. The United News of India news agency quoted Food Minister Ajit Singh as telling parliament on Tuesday that state-run buying agencies usually buy
        90 words
      • Article
        China to pay fanners more for cotton
        84 21 BEUING The State Planning Commission said on Tuesday the purchase price of cotton will be raised this year to encourage production, the Journal of Commerce reported. From Sep 1, the price of first-grade lint will be raised to 700 yuan (SSI 16.48) per
        84 words
    • Article
      COMMODITY PRICES
      1404 21 SICOM Futures May 31 Ruhher i i... ruyiKW iFICW (fatarM ctostag m at 5.3tp«) Bsyws Scflw ASS1 Contract (S cents/kg) As at 12 mm (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest RSS 2 Jun 95 229.23 230.25N I 229!00 1 RSS 3 Jun 95
      1,404 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        932 22 -1.5 Australian shares largely ignored moderating economic growth data and closed just 0.1 per cent lower in lacklustre and directionless trade. "It was pretty quiet today but that was to be expected without any strong lead from overseas," said Hamish Bonifant, broker with Lance Jones brokerage house. The Australian
        932 words
      • Article
        Manila
        576 22 +9.07 The Philippine equities market closed slightly higher as share prices drifted within a narrow range, brokers said. "We are still in a consolidation phase with blue chips performing mixed," Roily Pineda of Tower Securities said. The 30-share Composite Index climbed 9.06 points or 0.33 per cent to close
        576 words
      • Article
        Taipei
        528 22 +27.4S Taiwan share prices closed 0.48 per cent higher yesterday amid improved market sentiment, propped up mainly by good performances of banking and insurance shares. "Expectations that parliament will not soon finish the third reading of a bill on resumption of a 0.3 per cent capital gain tax on
        528 words
      • Article
        Seoul
        419 22 +0.7 South Korean stock prices moved up marginally to close 0.08 per cent higher, as a wait-and-see attitude permeated the bourse. "The overall market mood seemed careful, with both bargain hunters and profit takers waiting for better opportunities," said Chang Woo Jin with Samsung Securities Co. "The market was
        419 words
      • Article
        New Zealand
        265 22 -0.86 New Zealand shares surrendered their early gains to close little-changed on moderate volume. The NZSE-40 Capital Index ended 0.86 points lower at 2,103.29, having touched a high for the day of 2,113.74. Telecom, after an early 10 cent rise, handed back half its gains to close at
        265 words
      • Article
        Bombay
        109 22 +72.41 Indian stocks rallied as investors interpreted a strong earnings report from truck maker Tata Engineering and Locomotive Co Ltd (Telco) as evidence the Indian economy is doing well. "It was much more than everybody was expecting," said Suresh Kamath, an analyst with DSP Financial Consultants. "The Telco results
        109 words
    • WORLD STOCK MARKETS
      • Article
        London
        640 22 +9.5 UK stocks closed mostly higher as the dollar jumped following central bank buying of the currency and US stocks broke free from an early decline. HSBC Holdings pic led the advance, up 19 pence at 828 pence amid hopes the dollar's bounce will underpin further gains in Hongkong,
        640 words
      • Article
        Paris
        110 22 +20.65 French shares closed markedly higher after a sprint near the finish, lifted by the expiration of May futures and rises at Alcatel and Total The CAC-40 Index was up 20.65, or 1.07 per cent, at 1,947.95. Of CAC-40 stocks, 28 were higher and 12 lower. Volume was 6.02
        110 words
      • Article
        Frankfurt
        174 22 +10.71 German stocks rose in late trading, as the dollar's rally set off fresh interest in ex-port-driven shares. The DAX Ibis Index of 30 leading stocks rose 18.49 points to close the postbourse trading session at 2,099.95, with insurer Allianz AG Holding leading the advance. The Dax Index closed
        174 words
      • Article
        Stockholm
        144 22 -0.23 pc The collapse of Ericsson's share price weighed down the Stockholm bourse. Low interest rates, though providing some stability during morning trading, failed to support the bourse in the afternoon. The OMX Index was down 0.23 per cent to 1,242.07 at the close. Ericsson lost 24 crowns, over
        144 words
      • Article
        Zurich
        246 22 +6.2 Swiss shares ended a volatile day higher. Dealers said early gains were erased by profit-taking. A second round of gains, after lower-than-expected US GDP, data ran out of steam on a lack of follow-through buying. The broad SPI Index was up 1.94 points to 1,817.73. The blue-chip SMI
        246 words
      • Article
        Amsterdam
        272 22 +2.99 Dutch shares sputtered back to life in late afternoon business to finish higher in response to concerted central bank intervention to support the dollar, after spending most of the day travelling sideways. The US currency started out at 1.5585 guilders yesterday morning and by late afternoon stood at
        272 words
      • Article
        Brussels
        167 22 +6.22 Belgian shares rose after a US report showing slower-than-expected economic growth kept alive hopes of lower interest rates in Europe. The Bel 20 Index of leading shares closed up 6.22 index points at 1,454.28, its highest level since May 18. Holding companies led the rise. Stocks were also
        167 words
      • Article
        Johannesburg
        317 22 +2.9 Shares ended a slow day mostly easier as industrials continued their struggle for clear direction ana golds drifted off with bunion, dealers said. They said an early Wall Street dip had pared industrial gains after a listless London market added to local uncertainty. The Overall Index was 10.7
        317 words
      • Article
        Toronto
        236 22 -6.63 Stocks eased in sluggish early trading depressed by moderate profit-taking in most sectors, traders said. The TSE 300 Composite Index fell 6.63 points to 4,430.16 in turnover of 12.8 million shares valued at CslsB million. Declining stocks squeezed out advances 207 to 176. Losses in consumer products, golds,
        236 words
      • Article
        New York
        698 22 +21.44 US stocks turned higher, as food and drug shares rallied amid more signs of a slowing economy and semiconductor stocks began to recover from Tuesday's 5 per cent slump. The Dow Jones Industrial Average was up as much as 21.44 at 4,400.12, after opening down as much
        698 words
      • Article
        Untitled
        654 22 Britannia Funds Steriiag Cadi BM Oder Mim Cap Depowl 3t 6400 31 6500 Mtm Jene> GiST. 0.1193 0.1992 Mim Mil Income 0.<w00 ***** US$ Cask Income Phn Fund 10.5100 *****0 PS Reacrvc Fund 5 4MO 5 4900 isssss .0.4592 0 4931 Fir Em Find *2.7650 *2.9730 Man Portfolio I 9190
        654 words
    • Article, Illustration
      Lock icon HONGKONG
      2580 23 Bloomberg Business News HONGKONG Stocks surged to their highest levels in more than six months, led by interest rate-sensitive banking stocks. Investors were following the US bond market's lead in anticipating stable or lower interest rates that help company earnings. HSBC Holdings pic and Hang Seng Bank both hit
      Bloomberg Business News; Source: Bridge Info  -  2,580 words
    • Article, Illustration
      Lock icon CHINA
      569 23 CLSA TURNOVER in Hongkong dried to HK535.3 million, as the H shares edged just 0.4 per cent higher. With the market short on positive news, investors are returning to the sidelines, focusing their activities on a tew selective counters. Trading was concentrated in petrochemical stocks, with Shanghai Petrochem accounting
      CLSA  -  569 words
    • Article, Illustration
      Lock icon TOKYO
      2478 23 Bloomberg Business News TOKYO The benchmark Nikkei 22 5 stock average plunged more than 2 per cent to its lowest level in eight weeks amid growing concern that Japan's economy will slip back into recession. "The market's basically under pressure because of revived fears about the economy" said Nick
      Bloomberg Business News; Source: Bridge Info  -  2,478 words
    • Article, Illustration
      Lock icon BANGKOK
      1512 23 Bloomberg Business News BANGKOK Stocks rose for the first time in four days as major issues rallied on bet-ter-than-expected results by Siam Cement pic and a belief that interest rates are at or near their peak, analysts said. "Money has come pouring into our market from abroad," said Satit
      Bloomberg Business News; Source: Bridge Info  -  1,512 words
    • Article
      CLOB INTERNATIONAL
      2296 24 Gr Gr IMS Last Vol Day Last Quoit Dfr Dh YU Net MC« H%k Low Caapaay Stk COM) Hi(h Low Bayer Setter Cw P/E tail MALAYSIAN STOCKS 47* 196 m MSB JOc 360 unch 430 366 354 358 360 3-0 -2.9 0.2 36.9 127 77.5 m AMDS 50c
      2,296 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8246 25 19*9 Lad V*1 Day Last Qm DIv Db VM Net Cap Aig High Law Ceapaay Sab CM*) H%k Law Bayer Seller Or P'E M Prk* INDUSTRIAL AND ftflfWMCBCIAL 4(2 K ill Aetna 30c 436 cd +18 314 4M 420 4)4 436 22.5 2.6 9.1 (01.0 411 430 430 I I
        8,246 words
      • Article, Illustration
        Lock icon US numbers lift sentiment on local bourse
        1813 26  -  R Sivanithy SINGAPORE Further evidence of a slowdown in the US economy and growing hopes that US interest rates have peaked helped local stocks turn in a decent performance yesterday despite the closure of the Malaysian market for the Muslim new year. Institutional
        Charts by Bridge Info; Source: Bloomberg  -  1,813 words
  • Page 17 Advertisements
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      207 17 NEWS VALUE 1108 cats print to rivals expected to Mto* salt (pg I) Encouraging news for the stock market. But don't count on any sharp movement. |n 112 iii Qtr growth Mort Abrvpt ttHS txptc* tod (pg 1) Will further diminish likelihood of a US rate hike. Wtag Tai, CttyDev
      207 words
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      276 18 Fine Wine Facts (Shateait/ (S/teoal 95/ano Cheval Blanc has earned the unstinting respect of admirers throughout the world. Wine connoisseurs and collectors ensure that it holds its position amongst the nine top growths of Bordeaux, and this prestigious reputation is echoed by the prices attained by its old vintages in
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      26 18 For Home or Office deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, UanHe Wanßao call our Hotline 1800-749-2577.
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      418 18 st, 0 1 Shangri-La hotel LIMITED I (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of Shangri-La Hotel Limited wtN be held In the Orchid Room. Tower Wing, Mezzanine Floor, Shangri-La Hotel, 22 Orange Grove Road, Singapore 1025 on Saturday,
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      566 19 ANNOUNCEMENT The Stock Exchange of Singapore Limited takes no reponsiblility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of
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      117 21 II TQTS The only global magazine specialising in financial risk I IV management through derivatives ENERGYThe I irsl monthly journal to concentrate exclusively on risk management in the energy industry. §AI quarterly publication focusing on derivatives based HEEIT asset/liability management. Ed!ISMS MUmETS The only magazine to cover all emerging markets
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      21 21 *1 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      34 22 Piaget. True values never change. Piaget Boutique and Service Centre: *01-01 Mandarin Shopping Arcade, Hr The Mandarin Singapore, 333 Orchard Road, Singapore 0923JOAILUER EN HORLOGERIE DEPUISIB74 GENivE The Milan market report was not available
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      35 23 ;JBr iMJJF* 1 I i L J #The Jakarta stock market was closed yesterday for a public holiday Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Business Times I
      35 words
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      1168 24 The Kuala Lumpur Stock Exchange was closed yesterday for a holiday UNITED PULP ft PAPER COMPANY LIMITED Imorporatod In th• RtpvblU of Singapore) II NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Eighth Annual General Meeting of the United Pulp Paper Company Limited will be held at
      1,168 words
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      875 24 THE BANK OF NEW YORK COMPANY, INC. Head Office: 48 Wall Street, New York, NY *****, U.S.A Singapore Branch: 10 Collyer Quay, #14-02/03 Ocean Building, Singapore 0104 Consolidated Balance Sheets Consolidated Statement* of Income December 31 1994 1993 December 31 1994 1993 Assets Interest Income Cash and Due from Bnks
      875 words
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      38 25 A Timely Investment. •HER M£ S soi«Ao®ot: DICKSON WATCH JEWELLERY (S) PTE LTD Jg M IA wholly c«™d subwiary of OCKSON CONCEPTS (INTERNATIONAL) UMfTH) I 'w. PARIS Ay**** WCKSON WATCH JEWELLERY: Also available at all leading authorised dealers.
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      333 26 i,m Candid views from people in the news.Conversations At Raffles.Every Other Saturday. SINGAPORE f Business Times WE KNOW ASIA CHAPTER 50 lEcnow MDTCSOP—boumiom wwwmiV 11 VOLUNTARY UQUDATON) At an Extraontrary Omni Mulng of nulitii Qedeflui Smrvic* Pte Ltd tok* at 1 jo joo bang homo, ongapore *****n f*22nd day ofMay
      333 words
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      271 26 »> UO Ml Ml LM LWJ MryFan* Ml O.M O.M 1M tor LM LM U7 Putotafied by Jardme Homing international Securities United (Incorporated in Bnbsft Wgn Wand) la The Matter af The Cmpmea Act, Cap. 59 Aad In The Matter Of ALFA ONE COMPUTES PTE LTD NOTICE IS HEREBY GIVEN
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  • SHIPPING TIMES
    • Article
      TWRA to raise currency and fuel surcharges
      528 27  -  By Alec Almazan SINGAPORE Nine major shipping lines trading between Asia and the US will raise its currency and fuel surcharges on July 1 for key Asian ports. In a statement from San Francisco, the Transpacific Westbound Rate Agreement (TWRA) said member lines
      528 words
    • Article, Illustration
      Lock icon Oldest square-rigged sailing ship wrecked, three die
      169 27 AP FALMOUTH, England Coast Guards said yesterday that two crew missing after the world's oldest active square-rigged sailing ship was wrecked off south-west England on Tuesday are believed drowned, bringing the total death toll to three. The wooden ship, the Maria Assumpta, ran
      AP; Reuter  -  169 words
    • Article
      More forwarders offer multimodal service
      292 27 BANGKOK More freight forwarding agents are offering multimodal transport service (MTO), especially now that the business is feeling the effect of fierce industry competition, said Suwit Ratanachinda, managing director of Profreight International Co. The United Nations Convention on International Multimodal Transport of Goods defines MTO
      292 words
    • Article
      MARITIME STOCKS
      333 27 SES '000 Mar 31 SS Vol CWT Distribution L 1.57 -0.02 28 CWT Distribution A 1.51 Chuan Hup Holdings 1.19 +0.01 93 Cosco Investment S 1.72 Cosco Investment A 1.61 -0.01 5 Far East Levingsto 6.65 +0.05 2 GB Holdings Ltd 0.78 Hai Sun Hup Group 0.79 -0.04
      333 words
    • Article
      PSA makes changes to some key management positions
      278 27 SINGAPORE The Port of Singapore Authority (PSA) has reorganised some of its key senior management positions to maintain its competitive edge and enhance customer service levels. Among the main changes, which took effect from May 1, Goon Kok Loon has been redesignated
      278 words
    • Article
      Lock icon W Australian port workers strike
      214 27 Reuter PERTH Port workers in Western Australia have begun an indefinite strike over the use of non-union labour on the Fremantle waterfront, union officials said yesterday. The workers, members of the Maritime Union of Australia (MUA), held a three daystrike last week which stranded about
      Reuter  -  214 words
    • Article
      Lock icon BAe bids again for submarine-maker
      167 27 Reuter LONDON British Aerospace pic reopened its battle with General Electric Co pic for control of VSEL pic, offering 3.3 of its own shares for each VSEL share in an offer valuing the UK submarine maker at £678 million (SSI.S billion). BAe is also offering
      Reuter  -  167 words
    • Article
      Lock icon Burmeister & Wain to sell fleet
      85 27 Burmeister Wain to sell fleet Bloomberg Business News COPENHAGEN Burmeister Wain Holding A/S, a Danish shipbuilding and shipping company, agreed to sell its 70 per cent stake in Burwain Tankers International A/S to Norway's Tschudi Eitzen. The sale for an undisclosed sum was announced at a shareholders meeting on Tuesday.
      Bloomberg Business News  -  85 words
    • Article
      Thai shipping firm gets initial nod for partial privatisation
      606 27  -  From Alan Boyd in BANGKOK THAILAND'S caretaker government is ready to give the green light for the partial privatisation of an ailing stateowned shipping firm, after earlier blocking the sale because the buyer had Singaporean shareholders. Bara International Shipping Line (BIS)
      606 words
    • Article
      Lock icon Hauliers highlight problems at Malaysia's three biggest ports
      358 27 Bernama KUALA LUMPUR A recent media tour organised by the Container Hauliers Association of Malaysia (Cham) to the country's three biggest ports revealed several shortcomings in Malaysia's haulage system. The trips to Port Klang, Penang and Pasir Gudang showed that the main
      Bernama  -  358 words
    • Article, Illustration
      Lock icon Greek shipping catches rising wave
      1045 28  -  It has been another good year for Greek shipping and the Greek-controlled fleet is still the world's biggest in terms of tonnage but there is cut-throat competition, reports Petros Aivatzidis Petros Aivatzidis Fairplay Greek shipping and the national economy have traditionally followed diametrically opposite courses.
      Fairplay  -  1,045 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      310 28 •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 2 •Cho Yang 5 Contipac 10
      310 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      9795 34 rhis guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore fbHawfcdby the ETA at the destitution. 1 The page number refers to the location of the schedule advertisement S tear* ana VMaai **w 1 A WW MM MOL
      9,795 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        1384 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Rtcwd BooUig/Baiance RtXi S*p Voy Wo Ett/Btr Hhti ftm T> Frwn Aa Jade 2406 02/1100 2B 31/1700 01/0659 01/0900 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 Ac* Lotus 065B 02/2359 IB 31/1500 31/1659 31/1900 3 01/0700 01/1159 01/1400 4
        1,384 words
      • Article
        AT CONVENTIONAL WHARVES
        532 39 fey Ml Berth Arrival Departure m Slmaitat ■Batam Bahama 05/06/96 J1 alongside 0106/2300 £&*fiuna 05/04/95 J9 alongside 01.06/2300 «Ful Wealth 1 J10 alongside 01.06/2300 *Mv»«hruNo75 J6 atongs.de 01.06/1700 "Lady Emly SM956 J8 alongside 01.06/1800 djrco Poio 6/B 02/95 J6 alongside 0106/2300 *Sacute l/B 05/01/95 J2/3 alongside 01.06/2300
        532 words
      • Article
        COCKETT BUNKER MARKET REPORT
        850 39 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
        850 words
    • Air & Land Transport News
      • Article
        Lock icon Fares likely to fall as more Philippine airlines take off
        481 40 Reuter MANILA Liberalisation of the Philippines domestic air routes is expected to bring further fare cuts and boost local tourism. Since the Philippines declared an open skies policy on domestic routes in 1986 a host of airlines have taken to
        Reuter  -  481 words
      • Article
        Lock icon Mitsubishi, Toyota to cut June output of luxury cars
        291 40 AFP TOKYO Japan's Toyota Motor and Mitsubishi Motors would reduce output of their respective luxury cars this month due to lower-than-ex-pected sales in the United States, the companies said on Tuesday. Toyota will reduce combined production of its five Lexus models
        AFP  -  291 words
      • Article
        Lock icon Boeing, McDonnell in fresh talks with Saudia on US$8b deal
        288 40 Reuter DUBAI Two US aircraft makers and Saudi Arabia's national airline Saudia are reviewing technical details and ways of financing a longawaited deal worth up to US$B billion (SSI 1.1 billion), diplomats said on Tuesday. Negotiating teams from Boeing Co
        Reuter  -  288 words
      • Article
        Lock icon Costs and competition will highlight Paris air show
        194 40 Reuter PARIS Aircraft makers, suppliers and government officials meet soon at the 41st Paris Air Show this month, and observers say costs and competition are likely to be the watchwords. As if to underline the permanent crisis facing the aerospace and defence
        Reuter  -  194 words
      • Article, Illustration
        Lock icon Many faces of China's family car
        46 40 IN-Press SINGAPORE The concept of the 'Family Car China' developed by Mercedes-Benz in Germany is thrifty and versatile. The five-door basic version offers seats for seven passengers in its limousine configuration but can also be used as a transporter. IN-Press
        IN-Press  -  46 words
      • Article
        Lock icon Concorde engineer dies
        93 40 AP LONDON Aircraft engineer Archibald Russell, who as joint chairman of the Concorde Committee of Directors in the 1960s played a leading role in developing the Concorde, the world's first supersonic jetliner, has died. He was 90. He died of pneumonia at his home in Hayle in
        AP  -  93 words
      • Article
        Lock icon Foreign airlines giving discounts to Japanese travellers
        407 40 MBT KUALA LUMPUR Foreign airlines operating to Japan have been giving discounts to Japanese travellers in their bid to capture the market. "They can afford to do so, as the revenue they earn is about the same after converting it into their respective
        MBT  -  407 words
      • Article
        Emery gets ISO 9002 in HK
        72 40 SINGAPORE Emery Woridwide's air freight operations in Hongkong have received ISO 9002 certification from Lloyd's Register Quality Assurance. In a recent statement, the company said Hongkong joins Singapore and European divisions like UK and Netherlands in winning this assurance certification. Based in Palo Alto,
        72 words
      • Article
        Lock icon UPS-Sinotrans' ventures in China
        75 40 Reuter BEIJING International transport giant United Parcel Service will expand its business in China by establishing joint ventures with the Sinotrans Group, the firms said in a statement. UPS and Sinotrans have signed a memorandum of understanding to expand their business beyond the 67 Chinese cities
        Reuter  -  75 words
      • Article
        Lock icon M'sian air force jet crashes into sea
        73 40 Reuter KUALA LUMPUR A Royal Malaysian Air Force Northrop F-5E jetfighter crashed into the sea and the pilot was reported missing, the national news agency Bernama said yesterday. The fighter was on a routine training flight on Tuesday night when it crashed about
        Reuter  -  73 words
      • Article
        Lock icon China trains pilots to fly B777s
        78 40 Reuter ZHUHAI China's busiest flight school, the Zhuhai Flight Training Centre operated by China Southern Airlines, will start training pilots to fly Boeing 777s in October, said the centre's vice-director He Lida. A 8777 training simulator is due to arrive in September. The US$54
        Reuter  -  78 words
      • Article
        Lock icon Passenger spots hole in wing of jet
        87 40 Reuter SAN FRANCISCO An American Airlines jetliner bound for Chicago turned around and returned to San Francisco airport on Tuesday after a passenger noticed a hole in the left wing. According to an airport spokesman, the passenger noticed the hole, which was "a
        Reuter  -  87 words
      • Article
        Lock icon KLM jets stranded at Schiphol as pilots strike
        234 40 Reuter AMSTERDAM Pilots at KLM Royal Dutch Airlines NV on Tuesday staged their first strike since 1958, disrupting 53 flights from Amsterdam's Schiphol airport afler last-ditch talks failed late on Monday. The six-hour stoppage was due to end at 1400 GMT but
        Reuter  -  234 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1425 40 AIRCRAFT ARRIVALS DEPARTURES a* ro no n» Ma HUM GA965 1105 GF147 1850 GF146 1145 SQ441 1505 GA883 1520 GA975 1535 MMaM* QF81 1930 QF82 2055 SQ228 2055 tortrtw SQ25 0650 KL838 2300 KLB37 1450 SQ26 2355 GA975 1535 Mm* SQ347 0655 HilWMi SQ286 2040 SQ288 2045 ■afcnM GF148 0910
        1,425 words
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      8 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times
      8 words
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      159 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times Greek shipping catches rising wave: Page 2 Fares likely to fall as more Philippine airlines take off: Back Page NOTICE TO SHIPPERS EMERGENCY CURRENCY ADJUSTMENT FACTOR FOR FAR EAST/EAST AFRICA TRADE This is to announce that undermentioned major carriers in the Far
      159 words
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      1192 28 ffe rj it7irvi^HßHiH^^^KsfiiiZu2ui!i!LM2uLlli!iu^^^^^^^^^^UlMlilllMiS^^Hi£Aifi£lZ^ i llk M>f 'II I■ 1 1 f IPliiMinil>lfil 1 ■'iiKiiHi i iiiililili liFll liT Til flfllli'll Ul l i^BI ffl—MEfl l~ OTHER DCBTINA TtONS I I NORTH AMERICA I -i i I I wna wr mm u m dm. howtw ok m hgoco i—. [m ls
      1,192 words
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      Page 28 Advertisements Column 2
      246 28 Lines and Mrvicei represented by Members of bit Registry of Accredited Jlglt Shipping Agents, Singapore National vaEZmJ) Shipping Aaoodation. For advertising enquiries, contact Stopping Times. Tel 740-2089 1 m port Vggm- SHOTS j The latest in sea, air and Vland transportation Shipping Times Monday to Friday CENTAURUS 3CVS 3* AMAMUMMm
      246 words
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      933 29 ifeTTv FOON6 SUN «1 SHIPPING (PTE) LTD WHOLESALE CENTRE. BLOCK 1, #03-10 SINGAPORE OSII >TtLi *****55 (12 LINKS) FAX: *****16/*****25 TUX: *****20/***** FMMIP VESSEL VOY ETA ETO DESTINATION UINRAY 1/96 31 51 PLAJU/PALEMBANG NEE MAX 1 7/96 61 l/l PONTIANAK6INTETE GULF SULTAN 216 6/6 61 6ENGKULU/PAOANG SUN FLORA 8/96 3/6
      933 words
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      Page 29 Advertisements Column 2
      1315 29 Ivtgtt WY SMtU/D I UK I QAM lOM 06MA01 NOU NK NO! BM MOMIWMMWONMI «7A 61/16/12/16 16/66 26/16 21/66 22/06 23/06 23/06 25/06 27/16 MUBAWB WB6 66A 60/06 /5*6 546~ 27/66 ~3M6~ 20/16 36/66 36/16 >2/67 04/07 WOK HUDSON OPTO »4A 15/04 /MM 02/67 04/07 66/07 66/67 67/67 07/07 00/17
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      Page 29 Advertisements Column 3
      847 29 HANJIN SHIPPING BOOKINGS TEL: *****36-237 OPERATION TEL: *****41-253 SALES 326 230 233 DOCUMENT TEL: *****71-276 S22 L LOWiKjniur Mrrf" 1 Si SS M UNEHAUL UN Ui NTC 225? 2! 22 2 hmumkummiibe M HKOBEMBE *7 7/7 *7 1U In "WBMORUWWI M MASIA622E in Wl IV7 mSc ma ,*J JJL .VI
      847 words
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      1189 30 resa w m rm im im sm mba* sm ws uo no ok mc :JsE~wriMl n/5 ZZZ iys Z~Z IMZ JtfA 4Q/4H IVS n/5 10/5 17/5 14/5 Vt v* I, !4!L-11/L KmKXBBOTBS w"iw" m ~m~ */> =—HZ 3SZ ZHZ 818 11/4W 20/5 11/5 M/ 5 23/5 11/* 11/* 'V* M--M
      1,189 words
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      Page 30 Advertisements Column 2
      1265 30 I NORASBTI VSL/VOY 8M ALQ LAS BCLVALHAN^M!^|!O^>U!^^FE^^UE^| MM MALTA MM-J Ml TIM IMI OM 24M ZMI ZMI 2MI Z7« Z7M ZMI morhelhs-s rm nmnmwnnnnntaMinmumummm] tLFWOESZSW IMI MB7 MB7 0787 MB7 MB7 MB7 IM7 IM7 1W 1t«I SL VAUJIS24W ZIM IM7 OM7 IM7 11*7 IM7 IBM IM7 17M 17*7 IM7 SEA
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      589 30 JAPAN/HONQKONQ/STRAfTS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG. j ~vciia vor ro« pbuoam 75 TpS PAKARTISAMWLAN 1 110 «U) ~H |> KAILEN M MPT MAW Mfg I uvmi mjun mjun mum 1 APOLLO SATU 1 K JON t7 JUN o i ORICNTVENTURE 17 M JUN "I I COMTTY t« MJUN mJUK
      589 words
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      Page 31 Advertisements Column 1
      985 31 Sfwt STRAITS SHIPPING PTE LTD mamrn 11 Km Ctatafl Iteatf #11-91 la** XHiff tm Trt: OMTM F«: *****7 rSSSnYHon'"' 55 SJTu?* m-mam mam Sam w>,<a 6——mmmmmmmmrmmmmwrjiujuwiwt MMHmIAB $H»Jm I7JMNJM nM»MCf VOW CJNARAM-22 WMlRK.ta.tt> IMIAm ttJM* MAM M BMntNQK MRMf IMM. LM, IK U-14JW* HJMH I«JHM OMTUVNI U.M MMM.FMmm*IM,MMM.mm. tmmmnm wmmanta
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      Page 31 Advertisements Column 2
      1982 31 PAO Containers (Singapore Agencies) Pte Ltd fr TT VilfE* 1 1Q Hoc Ckiaag Road, M7-#l Keapel Towers, Singapore 0208 Class Connections WORLDWIDE Tel: 225 2233. Tete* rs *****7n0c5p f«c 215 5327/222 7517 CR Number *****9 *****Z bypqjlT IMMfITT 5 2 VMM. ¥0* MPW W SOU AWT HOT NAM OOT WW
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      Page 32 Advertisements Column 1
      934 32 [?ls s ss: i mot M-Mt sr s s sr «RH ISMI m JM V 7 W lIWIIW MJ 1W JM RACER RW-OM 17* 7/7 V 7 11/7 #7 It/7 E. BWOE RE-SS4 M* Hi M Ml tMMTMMM 14* 14/7 *fl 11/7 1«/7 IW7 I. QLEAMYRE RE-BM IM 1* MS
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      Page 32 Advertisements Column 2
      580 32 skst sss is P,^,AMOU^ H IS "s I un corona mUm MM MM mm am vm vm vm m UHOMMMO MO-TOW MM M 7 MM M 7 IM7 mmwr* m itw" iw" 1 B cnjrwnm owSS om mm mm 85 I ««a m mp mvd m pwno M S3** 1
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      Page 32 Advertisements Column 3
      359 32 MCHMLDMARMIAaMCai WFTILTD UTL; *****3S (12 UNU) m FAX: *****16/*****09 BIUXiMMNMHPPUMI CR NO; **********08 ACCEPTING FCL AND CONVENTIONAL WMM< ita |L—wjjpir 1 BSCS I 08AJ7 Mbyot 41 WW IMS FULLY CONTAINERISED REGULAR LTVFJt SERVICE ACCEPTING BOTH PCIVLCL ALSO BOSOC KXrOKTTOi MAimrRVS AKD (ASTttOVni ATIIC* r v tmmt I tty |waw|r.fN|QaNaa IJi
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      Page 33 Advertisements Column 1
      2114 33 EUROPE SXHttSS ROTI^DMCI tn«i»tfi i iiwfK *iwn w (t—tni)- fflim $ilmonttKt: jgg **f* cSFMSHippmePTtLTD E3SS&BF fZXZ.VZIX e H l 4 ZZ. u e ZXZJ2r%.>« MMKi W riMff c«M.- nwSSmm ScSBS m**nt«-Cmw KIMrfCM JOHOMOfFKt fn: MM NrHWM W UTKO. at-m$4M X COSTM HtHCKS (HI to* me M. 17-MMlse/Is7 tat. I 7
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      Page 33 Advertisements Column 2
      580 33 (j£ FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT LIME: *****33 (30 LINES) GOTHEHBURG/SCAH 05/06 ROTTERDAM 05/0611 AARHUS/COPEHHAGEH 05/06 HAMBURG/BREMEN 03/06 MARSEILLE/FRANCE 06/06 FEUXSTOWE/UK 03/06 BARCELONA/SPAIN 09/06 LEHAVRE/FRANCE 05/06 GENOA/ITALY 03/06 ANTWERP/BELGIUM 02/0611 LOS ANGB-ES/WC/IPI 01/06 SYDNEY/MELBOURNE 01/06 NEW YORK/EC 02/06 FREMANTLE/ADELAIDE 05/06 VANCOUVER 02/06 BRISBANE 01/06
      580 words
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      Page 36 Advertisements Column 1
      989 36 mm i hm VtMtL VOV SIN JKT Vtlltl WY «N WN l-rzr. BHATRA BMOM 818 ~frt 2/6 Moo V 6 BUNQA SERQJA 8081 Thu |toPt~ 8t vT~ I—*Eh 52 WANABHUM 2788 ~5« ZT BUNQA SEROJA 8088 Tn» jg Thu 8/6 V ANTRA BHUM 87N Thu tofT Son 4/8 j VMtABHUMI
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      Page 36 Advertisements Column 2
      737 36 79 ANSON ROAD, #11-01, SINGAPORE 0207 TEL: *****02 FAX: *****67 CR **********CN >uir rw 3 TWAyT wHvwi PORT KLAMO PENANQ ¥or w m vara nor' l a pa EAGLE BREEZE 20tA 016 THU 036 SAT LHOTSE 5032 Q26FRI 046 SUN '< gg|g JSDUBJfiIA mm? WSW ommb LAUREL 393N CH6 SUN
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      641 37 i BSA jl 1 «Kl|H9BffVß|9lBl l flD^^V C L MYANMA n& FIVE STAR LINE (Myanmar National Lino) Loading for Yangon (Rangoon) S par* F.Ug PEN P Gd C MAWLAMYM6 V99W IN FT PAGAN V22OW 31/05 MYOMAYWA VIS6W 15/06 MALAYSIA AGENTS: BOUSTEAO SHIPPING AGENCIES KUL: TEL 12-83-*****40 PKL TIL 02-03-*****01 PW:
      641 words
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      Page 37 Advertisements Column 2
      1085 37 ADVANCE CONTAINER LINES (PTE) LTD —A 140 Cad Straat, #12-00, PIL BuNdlng, Singapore 0106 II 1,1 TEL: *****21, FAX *****19, TELEX :RS ***** ACLPt SSSSSS^ CR NO. 10S38S*****E i il~ jaka>ta 3 vm *?s?2£3s£ZlS """-rr 11 v<w [ff| iwff I mm mml voy am mt mm KOUtAMAt BBBIM Imm |ww|
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      Page 37 Advertisements Column 3
      824 37 Ivesb&s vov "Si"* le howe Hamburg thaxeb rottbroam <nhiw VBJ.EOECARMA CO9W 08/06 27/08 aMX 3M» 01/07 "OXO7 VUtOMMITTO WW 13/06 OW7 0M77 08/07 08*07 K*o7 Vi-ED 1 AOUftA AO6W 2006 11/07 1307 16/07 IWO7 17/07 WLE D'WYDRA HOOSV 2706 18/07 2007 wot WOT 34/07 ALSO ACCEPTING CARGO TO ALL U.
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      627 38 i M wmmmmm k AFGHANISTAN MAM Afghanistan Ltd., ■kJH Hairatan, Torghundi, Isiamqala (Doqharun) vICXIWI C.1.5./RUSSIA: Alma Ata. Ashkhabad, Baku, Dushanbe, I HMlhrni A Miinrh Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, luCjljk il. i c rfinro Novosobirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Utaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO
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      Page 38 Advertisements Column 2
      510 38 4&K.FREIGHT LINKS EXPRESS 62 Toh Guan Road, FREIGHT LINKS EXPRESS DISTRIPARK, OQO Complex I, Ground Floor, Singapore 2260 jiß TEL: *****66 (40 Linea), *****68, *****77 Jy CONSOLIDATION, DISTRIBUTION/WAREHOUSING, PACKING, REMOVALS TRANSPORTATION, EXHIBITION LOGISTICS PROJECT FORWARDING ETD: 82/ v ETD: m/b ETD• m PORT KELAN6 ETD: M/l 06/8 penang ETD:m/% BANGKOK
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      Page 38 Advertisements Column 3
      540 38 STRAITS/JAP AM/STRAITS SERVICE vlu MULTI-PURPOSE A RORO CARRIER SPECIALIZE M HEAVY LIFT CARGO UPTO 120 TOMS RAMP CAPACITY UPTO 50 TONS •»< [5 Ini 10A6616KM T1 ypsa mm n 1 V* SMU6AYA 4/4 OMIWS«T 1/4 lANMXII/4 COMKIUM SI 11/* KMMMII/4 OMWBOM 44 14/4 CMTTMOM IS/t TAMOH 11/*,, MM 4 IS/*
      540 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      130 39 REGIONAL WEATHER LCGENO: R Thundorstorm Tomporoturo •<, A Show* Woothor _X Wind drachon with s>««d In knots Ron W Cloudy Sky Wov Sorfoco <Mi or* ImSe&tmi by arrows wktdi Hy wtifc tfco wind O Or* h* Cireto roprosonts calm or Ight and voriabfo wind* J— Or* half ftocho roprosonts 5
      130 words
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