The Business Times, 27 April 1993

Total Pages: 48
1 48 The Business Times
  • 14 1 SINGAPORE Business Times WE KNOW ASIA MITA (P) 552/12/92 Tuesday April 27 1993 75*
    14 words
  • 2am LATEST
    • 74 1 Reuter WASHINGTON Treasury Secretary Lloyd Bentsen said yesterday that he is worried the United States economy is growing too slowly to generate new jobs, lie noted recent reports that expect first-quarter economic growth to have slowed to an annual rate of about 2.5 per cent
      Reuter  -  74 words
    • 73 1 AP DETROIT United Auto Workers president Owen Bicbcr warned the Big Three carmakers yesterday that they risked a strike this summer if they tried to roll back health care benefits for retired workers. In a speech, Mr Bicbcr also promised that
      AP  -  73 words
    • 40 1 AFP LONDON The US fully supports the mission of the European Bank for Reconstruction and Development despite the recent uproar about its management style and spending record, US deputy Secretary Roger Altman said yesterday. AFP
      AFP  -  40 words
  • 113 1 Stack market indices Monday (hinge STII 1.797.26 +24.19 KLSE Composite 693.44 +1.79 Nikkei 19,623.63 -80.52 Hang Seng 6.845.75 194.81 SET Index 883.68 -17.58 Jakarta Composite ...311.14 +0.36 CLSA China B 1.287.96 -10.46 Aust All Ord 1.710.1 +7.5 FTSE 100 2.822.3 -21.5 Monday Previous Ipm close Dow Jones 3,413.12
    113 words
  • 165 1 AP BEIJING Individual Chinese can now buy and sell foreign currencies legally instead of slinking ofT to black market dealers in preparation for trips abroad, Chinese newspapers announced yesterday. The People's Daily said financial institutions would be designated as currency dealerships in order
    AP  -  165 words
  • 518 1  -  From Yong Pow Ang in SHENZHEN SINGAPORE property developer Ng Teng Fong has been invited by the Shenzhen authorities to form a consortium to undertake a multi-billion-dollar airport expansion project. The project is to develop a second runway and terminal
    518 words
  • 328 1  -  By Conrad Raj SINGAPORE Singapore's main government investment arms arc gearing up to invest in China and have opened offices in Hongkong. The Government of Singapore Investment Corporation (GIC) recently opened an office in the colony, sharing space leased last
    328 words
  • 539 1  -  By Joseph Rajendran SINGAPORE IPC Corporation's public offer closed yesterday but indications late last evening showed that it was at best slightly oversubscribed. Lead underwriter and manager United Merchant Bank (UMB) said the 87.5 million shares offered at a fixed price of
    Photo by Chris Loh  -  539 words
  • 577 1  -  From Anthony Rowley in TOKYO THE Clinton Administration's apparent tilt towards managed trade with Japan and other major partners has moved the world decisively closer to the brink of global trade wars, according to former senior United States officials. A
    577 words
  • 247 1 SINGAPORE Share prices in the Singapore and Hongkong stock markets scaled new heights yesterday. Singapore stocks surged on bullish economic news while Hongkong shares soared on favourable political developments affecting the colony's future. In Singapore, the Straits Times Industrials Index closed at an all-time
    Source: Bridge Info  -  247 words
  • Page 1 Advertisements
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    • 10 1 Property Construction Note of caution about China properties Pg 25
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 295 2  -  By Teh Hooi Ling ELECTRICITY sales to the manufacturing sector edged up a mere 3.3 per cent to 587.3 million kilowatt-hours (kwh) in February on a year-on-year basis. Power usage by other industries remained flat at about 462 kwh. The figures surprised some economists as
        Source: PUB Dept of Statistics  -  295 words
    • 321 2  -  By Helen Chang THE Economic Development Board (EDB) and a US venture capital group have pumped Ssl million into a tuition centre company with plans to appoint franchisees in other Asian countries. Educational Trend Pte Ltd, set up by the EDB's
      321 words
    • 98 2 THESE COUPLES were among the 34 who found a bargain in their sleep. They arrived on Saturday night for a sleep-in at Ikea and were tucked in by 9.30pm, round about the time this picture was taken. They woke up the next
      98 words
    • 277 2 AN EXTERNAL Singapore economy was developing long before the government started singing the "going overseas" tune. Based on indigenous gross domestic product data, about one-fifth of Singapore's factoring receipts now come from overseas. In fact, the portion has been increasing since 1983, according
      277 words
    • 249 2 THE second Urban Redevelopment Authority tender of two heavy vehicle parks at Kaki Bukit has drawn more bidders and better offers. Altogether, 15 bids were submitted for a 9,161.8 sq m site known as Parcel A, and 12 bids
      249 words
    • SINGAPOREROUNDUP
      • 91 2 THE Registry of Vehicles yesterday reminded all car owners that the passing standards for compulsory car inspection will be revised from June 1. All lights are now required to be in working condition, brake difference between wheels on each axle should not be more than 8
        91 words
      • 83 2 THE organisers of the annual Chingay Procession invite entries for its Oungay Float design competition from local artists, designers and students. The Chingay procession is organised by People's Association, the Singapore Tourist Promotion Board, Singapore National Wushu Federation and Singapore Hotel Association. Entries submitted should be
        83 words
      • 116 2 THIS YEAR'S National Smoking Control Campaign, organised by the Ministry of Health, will last from today to May 31. The month-long event will see such activities as a Smoke-Free Week, mass media publicity, exhibitions and seminars. At a press briefing yesterday. Or Lam Sian Lian,
        116 words
  • Page 2 Advertisements
    • 153 2 Q OMEGA The sign of excellence. kl April 1993 New Issue I This announcement appears as a matter of record only CHINA INTERNATIONAL TRUST AND INVESTMENT CORPORATION (Established under the laws of the People's Republic of China) U*****,000,000 FLOATING RATE NOTES DUE 1998 ISSUE PRICE: 100.00 PER CENT ABN Amro
      153 words
    • 132 2 France and Insurance a ln:iuran<;o insurance Kill lIRSI n^Sjainsurance Banking, Firahplv Insurance Insurance Insurance Insurance M Insurance t,h<M i *'■■«ince and Insurance MA nance and Insurance ,cs ant {r|surance insurance gi .i^»nagg«afid I HSU aiICG Sa fi u nance and insurance 1993 marks the 25th anniversary of the establishment of
      132 words

  • THE REGION
    • 605 3 Share manipulation scandal claims first political casualty as MP resigns AFP Reuter Knight-Ridder A BANGKOK Thailand's volatile bourse plunged yesterday in a sharp reaction to what is emerging as a major government crackdown against stock manipulators, a broker said. And a
      AFP; Reuter; Knight-Ridder  -  605 words
    • 309 3 Reuter PHNOM PENH Cambodia's election campaign is progressing peacefully with many people attending political rallies held by government and opposition parties, the United Nations said yesterday. "The number of political rallies and meetings held last Friday and Saturday together, reached an all-time high of 63,"
      Reuter; AFP  -  309 words
    • 272 3 AFP JAKARTA Thailand wants to join the Non-Aligned Movement (NAM) and expand economic cooperation with Indonesia, visiting Thai Prime Minister Chuan Leekpai said yesterday. "I would like to announce the determination of the government of Thailand to apply for membership of
      AFP  -  272 words
    • 331 3  -  From Al Labita in MANILA THE Manila-based Asian Development Bank (ADB) has extended grants to Cambodia, Laos and Vietnam as part of its technical assistance to the three war-ravaged Indochinese countries. The grants are for a study of Cambodia's transport
      331 words
    • 249 3 AFP KUALA LUMPUR Malaysia's opposition leader, Lim Kit Siang. yesterday said he would table an urgent motion in Parliament to examine colossal losses by the central bank in international foreign exchange markets. "Parliament and the country have a right to
      AFP  -  249 words
    • 273 3 Reuter KUALA LUMPUR Australia backs a proposed economic grouping linking Asia with the US but is not yet ready to support an alternative Asian-only body, the Australian trade minister said yesterday. Peter Cook said the Austra-lia-proposed Asia Pacific Economic Cooperation (Apec)
      Reuter  -  273 words
    • ASIANOTES
      • 71 3 AFP ISLAMABAD Pakistan's Supreme Court took up deposed prime minister Nawaz Sharifs petition against his dismissal yesterday and promised to give a verdict long before the July 14 elections. Mr Sharif has challenged President Ghulam Ishaq Khan's action in dissolving the National Assembly on April
        AFP  -  71 words
      • 89 3 AFP BOMBAY Seventy-five people were killed when an Indian Airlines plane carrying 118 people crashed and caught fire soon after taking off from the western city of Aurangabad, officials said yesterday. Earlier reports had put the death toll as high as 94, but airline
        AFP  -  89 words
      • 37 3 Reuter SYDNEY Australians cheering at the annual Anzac Day march through central Sydney yesterday. The annual event honours fallen and surviving servicemen and women who served in major military campaigns in this century. Reuter
        Reuter  -  37 words
      • 47 3 Bernama KOTA BAHARU Another member of the Kelantan royal family, Tengku Marzli Tengku Ibrahim, has also laid claim to the throne. A grandson of Sultan Ibrahim, he lodged the claim in a letter to the chief of the Kelantan regency council. Bemama
        Bernama  -  47 words
    • 221 3 Knight-Ridder BANGKOK Thailand's Minister of Industry Sanan Kachornprasart said he would push for liberalisation of the Thai oil refining industry to make it more competitive with neighbouring countries. The Nation newspaper reported. Mr Sanan specifically mentioned a 2 per cent royalty that refineries
      Knight-Ridder  -  221 words
    • 396 4 Action taken to head off Washington's threats of trade sanctions Reuter TAIPEI Taiwan will further divert its exports away from the United States to Asia, the Middle East and elsewhere to head off US threats of trade sanctions, the Board
      Reuter  -  396 words
    • 193 4 Reuter PARIS France said yesterday that direct flights are planned between Paris and Taipei. But, apparently wary of irritating China, it stressed that the link would be purely commercial. A Tourism and Transport Ministry statement said Paris consulted the Chinese govern- ment beforehand
      Reuter  -  193 words
    • 334 4 Reuter TOKYO North Korea attacked the Russian government yesterday over its reported proposal to lift Japan's designation as an "enemy state" in the United Nations Charter. A Pyongyang foreign ministry spokesman, quoted by the Korean Central News Agency (KCNA), said such
      Reuter  -  334 words
    • 38 4 Reuter URUMQI, China Giant wind-driven generators dwarf a passing track outside Urumqi, the capital of Xinjiang province. Located in China's remote north-west, Xinjiang is a vast land rich in natural resources, including wind. Renter
      Reuter  -  38 words
    • 354 4 AP SEOUL Prosecutors expanded an investigation into military corruption yesterday and summoned a former navy chief of staff on charges of taking money to promote officers. The prosecutors were also looking for a former Marine Corps commandant facing bribery and
      AP  -  354 words
    • 423 4 Reuter LONDON Hongkong Governor Chris Patten said an acceptable solution to a dispute with China over his plans for increased democracy in the British colony would require "give and take" on both sides. But Mr Patten, in
      Reuter  -  423 words
    • 338 5 AFP NEW DELHI Indian Finance Minister Manmohan Singh yesterday urged government and industry to do their part to boost the country's savings rate and urged businesses to look beyond the bottom line. He said India's savings rate of 20 to 22 per cent
      AFP  -  338 words
    • 359 5 Reuter SYDNEY Australia's inflation rate, the lowest in the industrialised world over 1992, is on the rise again as the economy picks up, but economists said there was no way double digit inflation would rear its ugly head. "We
      Reuter  -  359 words
    • 583 5 NYT WASHINGTON The Clinton administration is proclaiming the dollar's latest plunge against the yen as a windfall for America one that should finally shrink the nation's painful trade deficit with Japan. "The stronger yen is the best single thing that could
      NYT  -  583 words
    • 63 5 AFP DHAKA An and-Andamcalaliat demonstrator engulfed in smoke tnromng a teargas auswr hack at the near the high-security government secretariat complex on Sunday. The ■wriAmhi—Committee Against Botchers and Collaborators of Bangladesh s 1971 Independence War defied a government ban and tried to stage jisifrin demonstration
      AFP  -  63 words
    • 262 5 AFP KARACHI Deep divisions within the Islamic world surfaced yesterday as a meeting of foreign ministers from Muslim countries entered its second day, with Kuwait attacking Iraq, and Egypt decrying alleged Muslim help to terrorists. Kuwait's Foreign Minister Sheikh Al-Jaber Al-Sabah asked the ministers of
      AFP  -  262 words
  • Page 3 Advertisements
    • 89 3 HOMG KONG MEW ZEALAND 'U.K.' U.S.A DRAKE BUSINESS CENTRE provides the following facilities and services: fully serviced executive suites in the prestigious business district personally dedicated phone line(s) professional secretarial support facsimile service conference room courier/postal service/photocopying service DRAKE International recruitment services also provide: temporary or permanent administrative, secretarial and
      89 words
    • 392 3 Analysis: Exclusive interview with Peter Cook, Pg 27 gr_k| FRASER NEAVE, LIMITED KjjJ (Incorporated in the Republic of Singapore) announcement" RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF $100 EACH ("RIGHTS SHARES") IN THE CAPITAL OF FRASER AND NEAVE, LIMITED (THE AT $5.70 FOR EACH RIGHTS SHARE ON THE BASIS
      392 words

  • Page 4 Advertisements
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  • Page 5 Advertisements
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      222 words

  • REGIONAL FOCUS
    • 1054 6  -  Latest clampdown not a charade before US sanctions review, say government officials From Andrew Cooke inBANGKOK THE Thai crackdown on copyright pirates may not have caused a total rout, but it is certainly hitting the target. The dozens of pirate video vendors who only
      1,054 words
  • Page 6 Advertisements
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      287 words
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  • THE WORLD
    • 347 7 Britain starting to see reward of tough policies: Lamont Reuter LONDON The growth in first quarter 1993 British gross domestic product (GDP) is the best sign yet that the country is pulling out of recession, according to Chancellor of the Exchequer Norman
      Reuter  -  347 words
    • 402 7 AP BOSTON President Bill Clinton, nearing the 100-day mark in his presidency, said on Sunday he had sometimes spread himself too thin and needed to focus on a few big issues at a time. In an interview with The Boston Globe aboard
      AP  -  402 words
    • WORLDWATCH
      • 85 7 AP JOHANNESBURG President FW de Klerk said yesterday be expected talks on ending white minority rule to produce agreement on major issues within six weeks. Delegations from 26 groups including the government, the African National Congress and all other major organisations resumed talks yesterday
        AP  -  85 words
      • 72 7 Reuter WASHINGTON Sales of existing US homes fell for the third month in a row in March, down 2.9 per cent to a seasonallyadjusted annual rate of 3.36 million units from February's revised 3.46 million. In its monthly report, the National Association of
        Reuter  -  72 words
      • 104 7 Reuter BRUSSELS Western allies, after months of agonising, enter a crucial phase this week in the debate on whether to use limited force such as air strikes to try to stop the killing in Bosnia. The rejection of an international peace plan yesterday by
        Reuter  -  104 words
    • 249 7 Bloomberg Business News HONGKONG HSBC Holdings' insurance policies will cover most of the damage to its London offices, which were wrecked by an Irish Republican Army bomb last Saturday. A spokesman for the banking group said here yesterday: "The great bulk of
      Bloomberg Business News  -  249 words
    • 391 7 AFP Reuter LONDON London's financial nerve centre yesterday was a square mile of torn, shattered and boarded up devastation showing scant sign of recovery from last Saturday's mammoth IRA bomb blast. As armed anti-terrorist police rounded up a number of
      AFP; Reuter  -  391 words
    • 461 8  -  Fran John Helmer in MOSCOW A RUSSIAN tourism boom has begun, and beach holidays once only dreamed about have come within the reach of thousands of Russian travellers every month. In the Asian region, Thailand is one of the destinations the new Russian tourist
      461 words
    • 58 8 Reuter WACO, Texas Linda CalivaofSan Diego, California, sitting in a field of white crosses Branch Da vidian compound in Waco on Sanday. She pot ap one cross each for l eryoo f ia fIISSSL members and for the foar ATF (alcohol, tobacco and firearms) agents
      Reuter  -  58 words
    • 289 8 AFP WASHINGTON Economic conditions in the former Soviet Union continued to worsen last year, but some countries that began reforms early have improved their situations, the IMF said in a report released yesterday. In Russia, the gross domestic product plunged 19
      AFP  -  289 words
    • 391 8 Reuter OTTAWA Canada's Conservative government was expected to announce drastic spending cuts to control a staggering deficit when it unveiled the 1993-94 budget for the world's eighth biggest economy yesterday. In an election year with ruling Conservatives trailing Liberals in
      Reuter  -  391 words
    • 196 8 Reuter MIDDELFART, Denmark, Britain said on Sunday it might join the other European Community states in a new treaty if Danes vote "no" to Maastricht on May 18. "We can't say we're not going to sign any European treaty," Foreign
      Reuter  -  196 words
  • Page 7 Advertisements
    • 193 7 Clialoa administration going the way of Carter's? Pg 26 :~J$? <5- W '-T "C i >- fe T "---Js£t_ jSfc'V* SSI ■Sm ?«s W Pits tpk- p as? SmiM -v- 'te ym .'••> i p \T 0* -i* •--3.--ti'Vvv aS—. -< c g > -m mMWm > !^'sg^liTSr ?feS.Sjfr p,.
      193 words


  • COMPANIES & MARKETS
    • 392 9  -  By Joseph Rajendran SINGAPORE Electrical parts maker Clipsal Industries (Holdings) Ltd is expected to exercise its option to buy SO per cent of the equity of Aus-tralia-based Gerard Industries, owner of the Gipsal trademark. Gerard develops electrical parts and components and markets
      392 words
    • 426 9  -  to Genevieve Cua SINGAPORE The stronger Singapore dollar and the lingering recession in the UK and Australia are hurting Times Publishing's performance lyFor the six months to February, its net earnings fell 30 per cent to $8.02 million while group turnover
      426 words
    • 826 9  -  HOCK LOCK SIEW By William Chia SINGAPORE Investors looking for cash-rich Malaysian blue chips in the current flight to quality stocks may want to consider gaming counter Tanjong pic. The company is one of the fastest-growing players in the expanding gaming
      Source: Bridge Info  -  826 words
    • 312 9  -  By Dexter Lee SINGAPORE The Kuwait Investment Office (KIO) sold six million Sembawang Shipyard shares last Thursday for about $60 million in a move seen as part of its bid to raise cash through worldwide equity sales. The sale through Kim Eng Securities (Pte)
      Source: Bridge Info  -  312 words
    • 223 9 SINGAPORE RMCA Reinsurance Ltd, which stopped taking new business from 1991 because of overwhelming claims, yesterday reported more losses. Listed RMCA Re, an associate company of Insurance Corporation of Singapore (ICS), said net losses for the six months to Dec 31,1992, totalled $10.17 million.
      223 words
    • 154 9  -  Fran Catherine Ong in HONGKONG MR KEVIN Westley, chief executive of the Wardley group in Hongkong, has been appointed chairman of Singa-pore-based brokerage Kay Hian James Capel. A familiar name in Singapore's merchant banking industry, Mr Westley succeeds James Fergusson, who resigned recently
      154 words
    • 145 9 SINGAPORE Singapore Automotive Engineering (SAE) yesterday announced that it has sold its 60-per-cent stake in Vehicle Technology of Singapore Pte Ltd (Vetech) to its partner in the venture. SAE said in a statement that its 300,000 Vetech shares have been transferred to
      145 words
    • Article, Illustration
      302 9 Source: Bridge Info Performance el STII's index stocks Apr 26 Last StMc Mn Stock sale One factor Bonn <*) Avimo 2 260 0 060 I 76 3.47 CkC 7.550 5.17 (crcbos 5.100 0050 3.97 2.89 FAN 12 500 0 200 9.72 11.56 GF Aua 3 260 2 54 Gen
      Source: Bridge Info  -  302 words
    • COMPANIES
      • 442 11 MBT KUALA LUMPUR Industrial Oxygen Inc (IOI) and Lam Soon Huat Development (LSH), now with cross shareholdings, are to be restructured, with each company having its own core business and a more focused structure to undertake future expansion. Both public companies'
        MBT  -  442 words
      • 282 11  -  From Loh Hui Yin in BANGKOK AMERICAN International Assurance sees its 5 per cent stake in Shinawatra Computer and Communications as a long-term investment in an industry with high-growth potential. The life insurance company, however, does not intend to get
        282 words
      • 238 11  -  From Florence Chong in SYDNEY THE chairman of Anions Ltd, Bill Purdy, yesterday denied reports that it had severed ties with Singapore joint venture partner Khong Guan. The reports had it that Arnotts, Australian's largest biscuit maker, had broken ties with Khong
        238 words
      • 422 11 UNIT TRUSTS FUNDS Maufn price* Apr 27 Singapore Unit Trust The Commerce 1.34 1.41 The Savings Fund 1.16 1.22 S'pore Prog Fund 0.55 0.58 S'pore Sec Fund 0 89 0 .93 S'pore Invest Fund 0.W 1.04 S'pore Equity Fund 0.63 0.66 Asia Unit Trust Mai Invest Fund I 68 l.77xd
        422 words
      • 376 11  -  From Florence Chong in SYDNEY HAVING recovered from heavy losses of the past. Dollar Sweets Ltd. controlled by Jack Chia, is now planning to expand its operations and target export markets in Asia. The company reported "another excellent year" with a net profit
        376 words
      • COMPANYBRIEFS
        • 64 11 SINGAPORE City Developments Ltd has appointed Vincent Yeo Wee Eng the new executive director and general manager of its listed hotel subsidiary, CDL Hotels Ltd. The 24-year-old nephew of group chairman and managing director Kwek Leng Beng will oversee CDL's New Zealand operations. He
          64 words
        • 87 11 SINGAPORE Jurong Engineering Ltd yesterday gave more details on its 1992 financial performance to the Stock Exchange of Singapore. It said in a statement that its turnover for the year ended Dec 31 rose 29.7 per cent to $169.30 million mainly due to the completion
          87 words
        • 67 11 SINGAPORE Overseas Union Enterprise Ltd announced that it has received in-principle approval from the Stock Exchange of Singapore to list and quote the bonds, warrants and new shares resulting from its $125 million bond issue. The issue, which comes with 49.57 million detachable warrants, will
          67 words
        • 67 11 SINGAPORE Van Der Horst Ltd has paid $328,000 to buy the remaining 25 per cent of the shares in Meng Fatt Fabricators Pte Ltd from Leong Yee Hong, The additional 300,000 $1 shares were bought under a put option agreement with Mr Leong on
          67 words
      • 511 12  -  Firm is first international company to have its drinks bottled in the country Reports by AJ Leow HO CHI MINH CITY Vietnam's soft drinks market entered a new phase last week when UK giant Cadbury Schweppes became the first international company to have its
        511 words
      • 335 12 HO CHI MINH CITY Local investment and trading firm Representations International (RPL) employs a total of less than 30 Singaporeans in Singapore and in its overseas subsidiaries. Yet, through its network of strategic business alliances, it is linked to a workforce of more
        335 words
      • 386 12  -  By Helen Chang SINGAPORE Taiwanese electronics maker Tatung Co has bucked the trend with its plans to invest another SS9O million in South-east Asia to support its worldwide operations. Unlike other Taiwanese companies which have been holding back in the region in the
        386 words
      • COMPANYBRIEFS
        • 76 12 Reuter KINSALE, Ireland US food giant HJ Heinz Co sees the triangle of Australia. New Zealand and Japan as its prime area for growth over the next two years, chairman and chief executive Tony O'Reilly said over the weekend. Mr O'Reilly, speaking to Reuters at an international
          Reuter  -  76 words
        • 88 12 Reuter BANGKOK China's Sichuan province has offered Thai companies generous tax incentives to participate in more than 300 of its state enterprises. Sichuan governor Xiao Yang, leading a 90-member delegation, said Thai firms would get a two-year tax holiday and an additional three years of
          Reuter  -  88 words
        • 77 12 AFP TOKYO Japan's Minolta Camera Co said on Friday it was estimated to have incurred an unconsolidated pre-tax loss of 13.6 billion yen (Ssl99 million) in the year to March 31. The major camera and precision equipment maker said the loss was bigger than its
          AFP  -  77 words
        • 99 12 Bloomberg Business News SYDNEY Australia's two media giants Kerry Packer and Rupert Murdoch have joined forces with government-owned Telecom Australia to bid for a major role in the nation's first pay television services, the Sydney Morning Herald reported last week. The consortium said in a statement
          Bloomberg Business News  -  99 words
        • 76 12 Reuter TOKYO Taiwan personal computer maker, Acer Inc, plans to build a distribution centre near Tokyo in July to help cut costs and meet customer demand. Acer chairman Stan Shih said. The move is in line with the company's policy to localise assembly and
          Reuter  -  76 words
    • FINANCE
      • 333 13  -  By Harish Mehta SINGAPORE The Bank of Tokyo applied last month to the Vietnamese authorities to set up a representative office in Ho Chi Minh City. The bank is leading at least a dozen major Japanese banks keen to enter the
        333 words
      • 231 13 IPOH The government has formed a tripartite committee to formulate guidelines to develop the life insurance industry, Deputy Finance Minister Abdul Ghani Othman said on Sunday. Mr Abdul Ghani, who chairs the committee, said it would help formulate
        231 words
      • 286 13 Bernama KUALA LUMPUR Malaysia has been recognised as the only country that has been given full and excellent support by its government in implementing the Islamic banking system, when compared with Middle Eastern or Asian nations. A comparative rating done by UK-based
        Bernama  -  286 words
      • 412 13 Plessey was not listed in the global placement limit set by Bank Bumiputra Bemama KUALA LUMPUR Bumiputra Malaysia Finance Ltd (BMFL) advanced about US$lOO million to a Carrianrelated company Plessy Investment Ltd even though the latter was not listed in its list of
        Bemama  -  412 words
      • Article, Illustration
        1122 13 imlex calculated againM S'pore's lop 14 tmhitx partner\ Base year 19*.< US$/S$ forward rates Noon Apr 26 st N Offer 1-month I.6ISO l.6l«3 2-month I.6IS2 1.6147 5-month 1.6156 1-6171 (nmoMh 1.6160 ***** nr Source: OCBC FOREIGN CURRENCY NOTE RATES A» i it— yitoriy Singapore dollars to ok ah of w(i|i
        1,122 words
      • 130 13 A LACKLUSTRE day of trading in the USS/SS today with rates confined to a narrow 10point range between 1.6150-60. Local support at the base but selling interest still exists at higher levels. The USS/ringgit made a new low at 2.5665 but met good KL local
        130 words
      • 192 13 Reuter LONDON Gold hit a sixmonth high in Europe yesterday as the dollar battled to gain ground and the mark firmed on President Boris Yeltsin's referendum victory. The US currency closed at 1.5665 marks after finishing last Friday at 1.5795. Against the yen it was unchanged at 110.43. "There
        Reuter  -  192 words
      • 87 13 AFP NEW YORK The dollar slipped against most major currencies yesterday in New York following news that sales of existing US homes fell in March. Gold prices rose U552.75 from last Friday's close to U*****.25 an ounce. At around 9:30 am EDT, the greenback was trading at 1.5685
        AFP  -  87 words
    • FINANCE & COMMODITIES
      • SMALLCHANGE
        • 90 14 Knight-Ridder SEOUL South Korea's blueprint for Financial reform will include a plan to allow foreign investors gradually to invest in the bond and money markets, a senior South Korean Securities Supervision Board official said today. "At first we will probably allow foreign investors to
          Knight-Ridder  -  90 words
        • 82 14 Knight-Ridder BANGKOK The ratio of loans to deposits at Thai commercial banks stood at 108.9 per cent at the end of March, up from 107.8 at the end of February, the Bank of Thailand said today. Outstanding loans at the end of March totalled 2.244
          Knight-Ridder  -  82 words
        • 95 14 Bloomberg BANGKOK Dhana Siam Finance and Securities Co, one of Thailand's largest investment banks and brokerages, said its unaudited net profit for the quarter ended March 31 fell 8.4 per cent compared to the same quarter last year to 203.7 million baht (5512.2 million). On
          Bloomberg  -  95 words
        • 108 14 Reuter KARACHI The State (central) Bank of Pakistan said deposits with scheduled banks fell 11.26 billion rupees to 438.50 billion in February. This compared with a fall of 1.84 billion rupees to 449.77 billion in January and with a rise of 787 million rupees
          Reuter  -  108 words
        • 80 14 Reuter WELLINGTON New Zealand money brokerage companies Harlow Butler and Fixed Interest Securities (New Zealand) Ltd are to merge, a FIS spokesman said. The spokesman said Harlow Butler New Zealand has bought 50 per cent of FIS, which will continue to be run with the
          Reuter  -  80 words
        • 90 14 Reuter MOSCOW French bank Societe Generale became the third foreign bank to get a full banking licence to operate in Russia, a bank official said on Friday. The Russian central bank issued the licence a week ago, the official, who asked not to be named,
          Reuter  -  90 words
      • 300 14 Reuter BEIJING China's central bank, the People's Bank of China, has decided to crack down on unregulated companies that have sprung up to do retail foreign exchange trading, official newspapers said yesterday. China's economic reforms, which have allowed many people to amass
        Reuter  -  300 words
      • 416 14  -  From Neil Behrmann in LONDON GOLD rose to a nine-month peak of US$35l (*****) an ounce yesterday because billionaire George Soros, the wily international speculator, has been buying gold and gold shares. The price then settled around $349 in Europe
        Source: TeleTrac  -  416 words
      • 286 14 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York were unchanged to lower yesterday as traders said the economic recovery in the West hasn't caused an upturn in demand, while demand in the Far East remains weak. Reports from the UK
        286 words
      • 255 14 FT PARIS AXA, the French insurance company, yesterday announced a 35 per cent fall in group profits for the year and expressed confidence about the future profitability of its investment in the Equitable of the United States. Claude Bebear, AXA president, said the chief
        FT  -  255 words
    • COMMODITIES & FUTURES
      • 1291 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended mixed in uneventful trade with dealers largely sidelined in the absence of significant US economic data this week and ahead of the Japanese Golden Week of holidays. "It's pretty quiet, with December slightly firmer but there's
        Reuter  -  1,291 words
      • 945 16 COMMODITIES REPORT BmM«T Singapore: Rubber futures prices were a tone firmer from noon yesterday but sentiment remained hurt by a lack of consumer demand and the absence of intervention from the International Natural Rubber Organisation (Inro). brokers said. "It remains to be seen if
        945 words
    • 1487 16 Rufrfrfr Apr 26 IAS riMili rmhMji (Mm tluK at lpa) I ESS 1 C—tract (S ctnts/kg) (lose Volume Open Month High Low Sett (tonnes) Interest May 93 OOO OOO 129.25 0 ~950 Jun 130.00 130.00 130.00 50 4.875 Jul 0.00 0.00 131.00 0 4.100 Aug 132.50 132.25 132.00
      1,487 words
    • REGIONAL STOCK MARKETS
      • 1208 17 +7.5 Passive gains by the gold inlex underpinned the Austraian share market yesterday ind sent the overall index to a hree-and-a-half year high. Brokers said buying in gold tocks was triggered by reports )f increased demand for gold Yom China, doubts over Russian gold surpluses and a weaker dollar.
        1,208 words
      • 537 17 +5.42 Share prices revved up in the last few minutes of trade yesterday after a short-lived early rally by oil issues as bargainhunters loaded up on Philippine Long Distance Telephone Co (PLDT) stocks, brokers said. The Manila trading floor Composite Index closed firmer at 1,552.41 points, up 5.42 from
        537 words
      • 372 17 -3.26 Profit-taking following recent sharp gains dragged the stock market to a lower close for the third straight session in a day of thin trade, brokers said. They said the market would rebound slightly today, prompted by abundant liquidity. But some analysts forecast the downward correction would continue in
        372 words
      • 281 17 -8.11 The New Zealand share market continued in the same vein as last Friday to end soft on low volume yesterday, but with volatility in some stocks that are due to report their results shortly. The NZSE-40 Capital Index finished 8.11 points lower at 1,605.41. Volume was worth
        281 words
      • 42 17 -63.86 Share prices maintained their slide as a two-month long slump continued and investors stayed away while market analysts predicted gloomier times ahead, brokers said. The Bombay Stock Exchange (BSE) Index fell to 2,036.81 points, 63.86 down from last Friday's close.
        42 words
      • 553 17 -14.53 Stocks ended slightly lower as impatient players, seeing little chance of substantial gains, sold in the last hour, brokers said. The Weighted Index slipped 14.53 points to end at 4,547.78 on thin turnover of NT531.77 billion. Brokers said buying in industrials might continue, and shares of some China-invested
        553 words
    • WORLD STOCK MARKETS
      • 719 17 Britannia Funds Staling Cash BM Offer Mim Cap Deposit J* MOO 38 6500 Mim Jersey Gill .0.1897 0 2000 Mim Max Income "0 *W0 I 0300 USS Caak Income Plus Fund *****0 *****0 PS Ream* Fund 5 MOO 5 2100 f!£*Si£S!!iX ***** 0.4938 Fir East Fund *2 7650 *2 97)0
        719 words
      • 141 17 -4.96 The start of the May account failed to shake the bourse, as blue chips slid again on the view that fundamentals do not justify the market at these levels. A salesman said fund managers who bought the market on the expectation of rate cuts are relentlessly selling it
        141 words
      • 611 17 -21.5 Shares ended on a low note and strategists warned of further short-term weakness despite signs the UK economy has emerged from recession. The FTSE 100 Index closed 21.5 points down at 2,822.3 as sterling strength prompted worries about a possible reduction in export orders for international firms. First
        611 words
      • 267 17 -2.01 Dutch shares closed lower after a technical correction and profit-taking stopped the index's recent rise in its tracks. A weaker dollar also added to the pressure on prices but dealers said the general trend was still upward and this was a momentary blip. "The trend is still up
        267 words
      • 148 17 -7.29 German shares rallied in late trading paring heavy early losses when genuine selling pressure failed to emerge. The DAX ended 7.29 points down at 1,649.81. Frankfurt Apr 2* DM \et 150.50 -120 BASF 235 *0 -100 BMW ***** -7 20 Batcr 272 40 2 JO Haver Vcrrinsbank 4M>
        148 words
      • 164 17 •13.44 Continued selling pressure in an empty market and a further weakening of the dollar pushed Belgian shares to a seventh consecutive lower close. Traders said the market correction might lose momentum in the next few days because the Bel--20 index of leading shares was quickly nearing a key
        164 words
      • 270 17 -12 Swiss shares were seen entering a spell of consolidation after slipping around 1 per cent on a lack of fresh factors. The SPI Index stood 12 points lower at 1,325.8 and the SMI shed 23.7 to 2,139.0. Dealers said the main incentive, a sign of a renewed decline
        270 words
      • 163 17 +1.53pc Italian shares closed with gains of 1.53 per cent as the market waited to see who president Oscar Luigi Scalfaro would name to form the country's 52nd postwar government. The MIB all-share index closed at 1,193. Just after the market closed Mr Scalfaro summoned Bank of Italy governor
        163 words
      • 380 17 +109 South Africa's gold index leapt 109 points or 8.3 per cent to 1,426 in hectic trade on the Johannesburg Stock Exchange as investors climbed in on the growing view that the gold price had started its longawaited bull run, dealers said. Gold shares hit the ground running on
        380 words
      • 209 17 +4.73 Stocks rose modestly in early dealings yesterday, spurred by galloping gold issues. The precious metals sector rocketed 150.74, or 2.12 per cent, higher to 7,259.87. The TSE 300 Index gained 4.73 points to 3,690.15 on turnover of 17.5 million shares valued at C 5116.7. Toronto Am 23 C$
        209 words
      • 728 17 +1.35 Wall Street stocks were mixed at midsession yesterday, as bank stocks fell while the Dow Jones Industrial Index stayed afloat, buoyed by programme buying. At 1 pm EDT, the Dow was up 1.35 points at 3,415.12. In the broader market, declining issues led advances by a small
        728 words
    • Article, Illustration
      2993 18 Reuter UONGKONG Shares .losed up sharply with [he Hang Seng Index at a record high as market >entiment turned bullish an news that China and Britain will hold a second round of talks on Hongkong tomorrow, brokers <aid. The index jumped 94.81 points to close at a record 6,845.75,
      Reuter; Source: Bridge Info  -  2,993 words
    • Article, Illustration
      424 18 Reuter HONGKONG Most share prices on the Shenzhen A market ended modestly higher yesterday after a day of light trading, brokers said. The Credit Lyonnais Securities Asia Shenzhen A Index finished the day 0.% per cent higher at 3,044.18 points. There was a reasonable increase in turnover and volume
      Reuter  -  424 words
    • Article, Illustration
      2516 18 Reuter TOKYO Stocks ended mixed yesterday, with the Nikkei lower on index-linked selling. Brokers said Russian President Yeltsin's good showing in the referendum eased worries of a shock reaction, but positive implications were also limited. A break in the yen's rise was also favourably received. "A good amount of
      Reuter; Source: Bridge Info  -  2,516 words
    • Article, Illustration
      1752 18 Reuter BANGKOK Stocks took a heavy beating yesterday as investors became jittery over a list of 150 speculators facing investigation for alleged share manipulation, dealers said. The SET Index tumbled 17.58 points, or 1.95 per cent, to 883.68 on sluggish 3.74 billion baht turnover. Declines led advances 191 to
      Reuter; Source: Bridge Info  -  1,752 words
    • Article, Illustration
      1064 18 Reuter JAKARTA Stocks closed mixed in dull trading yesterday, dealers said. The Jakarta Composite Index closed 0.36 point higher at 311.14. "Investors were only looking for a handful of favourite shares, but there was short supply of those shares in the market." a dealer with a foreign securities house
      Reuter; Source: Bridge Info  -  1,064 words
    • 1993 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Kcnong Bhd 50c 30.231.000 Promct 8.385.000 Ind Oxyjcn 50c 7.837.000 Johan Hktgs 50c 6.776.000 Kabcr Cifoup 6.285.000 Mulpha Inll 5(V 6.011.000 Ind <K>(L n Wi 4.978.000 Multi-Purpose 4.958.000 Idris Hyd MX; 4.953.000 Asia Pac Ld 5<V.._ 4.862.000 AMUB 50c
      Source: Bridge Info  -  1,993 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4488 19 Bernama KUALA LUMPUR Share prices here closed slightly higheL. UL brisk trading on keen interest in specuraWe counters. The benchmark KLSE Composite Index tacked on 1.79 of a point to end the day at 693.44. It opened at 692.50. Buying interest on several
        Bernama; Source: Bridge Info  -  4,488 words
    • STOCK EXCHANGE OF SINGAPORE
      • 4966 20  -  By Soh Tiang Keng BULLISH investors flexed their muscles again yesterday to push the Straits Times Industrials Index up to a record close of 1,797.26, up 24.19 points from last Friday. After a respite on Friday, when the benchmark index eased fractionally by
        Source: Bridge Info  -  4,966 words
      • Article, Illustration
        68 20  -  HOT STOCK Paul Leo UOB reached a 10-year high at $7.55 yesterday and is poised for a correction. Monthly and daily RSls are above 75, indicating an overbought situation. A divergence pattern declining RSI with share price reaching new height on the weekly chart indicates that a correction is
        SOURCE: BRIDGE INFO  -  68 words
  • Page 9 Advertisements
    • 135 9 Rome Zurich 3 times weekly. jlf- i ii• "v BZZZk-''"- Fly with Emirates to Rome and Zurich three commissioned for Emirates IHflflHjHHjHj a passengers. Emirates is the world's fastest growing airline. All this, when combined AH our brand new Airbus aircraft are superbly with our award winning designed, with fewer
      135 words

  • Page 10 Advertisements
    • 130 10 BiH§s&' I I'M I i f t vx^iff„ wr w»fciJ irwßys>3^gßa« I T *.Y§ftr^%rHt_^»ifitfCjiCTnTinrl I requires.^? NCR's Open, Cooperative Computing offers the complete set of open computing solutions. Our access famous R&D facilities of AT&T Bell Labs and the advanced parallel-processing technology of Teradata will ensure we our leadership in
      130 words

  • Page 11 Advertisements
    • 160 11 ,*§m~ r !9HHK: M^^B^^KKt jhiei WORLDPERKS. FROM NORTHWEST. WOULDN'T YOU RATHER HAVE A FREE TRIP THAN ANOTHER VINYL ORGANISER? A simple question. What would you and your family enjoy most? Yet another one of and car rental partners you can also accumulate mileage credit. World Perks is without those organisers,
      160 words

  • Page 12 Advertisements
    • 1430 12 Wayfoong Mortgage And Finance (Singapore) Limited I BALANCE SHEET as at 31st December 1992 NOTES ON THE ACCOUNTS 31st December 1992 Prori-on fcr Doubtful Debts 19*2 1991 Note 1992 1991 These notes fena anlntegral part of and Aould be read in conjunction S, S$ with the accompanying accounts SiSSSiJJwIii-d Biycn
      1,430 words

  • Page 13 Advertisements
    • 251 13 fdOorie France Bodyline Executive's Special! Now till end of April Simply call for an appointment 4 ar| d present the cut-out coupon to take advantage of the benefits now. m 1. FREEiOne free consultation and Futrex Fat Percentage reading 2. FREE! Gift set comprising Herbal Bodycream (30 ml) Body Skin
      251 words

  • Page 14 Advertisements
    • 52 14 SAFKANK THE NEXT STATUS SYMBOL SENSUALITY. jm ration .vhe: V a M If Feel its smoothness. Hear its silence. A' r.' r, v:v ■'■'W W'i yi 1 v RENAULT NEW Ubi Showroom: 1. Ubi Road 4. S'pore 1440. Tel: 741-3333. Leng Kee Showroom: 19 Leng Kee Road, S pore 0315
      52 words

  • Page 15 Advertisements
    • 557 15 q w y V 1 With the UOB Group's J L I I|H United Asia Fund, M I JL JL you can also profit from the success of Asia's fastest f A k T| r I growing companies. I Now you too can take part in the booming JL Asian
      557 words

  • Page 16 Advertisements
    • 153 16 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. g 8.V.1 ISLE OF MAN CI BAHAMAS JERSEY BELIZE O LIBERIA COOK ISLANDS O MADEIRA DELAWARE O MAURITIUS GIBRALTAR
      153 words
    • 35 16 As ami when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried Instead I Make new business contacts through classification 203 in The Straits Times Classified, c^rs. 7YJ.lt**
      35 words

  • Page 17 Advertisements
    • 112 17 ALAIN DELON PARIS DIVER swiss m.irlo r ,r r .itr h rosist.mt s.ippMirc rrv'.t.il All '.t.iinlc.'. stool f .iso W.itor icsist.1 nt lOO iiiftot Tamable bezel r»O0 luminous Jiands anci hour markers screw- in crown *r A.D.TIME GROUP ft* jf'U« it 2 ,sV Snitv Sinqap#re|Hnd Office 1 A 0 TIME
      112 words




  • SPORTS
    • 419 21 Golf AP GREENSBORO, North Carolina Rocco Mediate birdied the fourth playoff hole to beat Australian Steve Elkington and win the US$l.5 million (552.4 million) Greater Greensboro Open on Sunday. Mediate overcame a disastrous double bogey on the par-5 15th and then
      AP  -  419 words
    • 356 21 Reuter LONDON Manchester United pic,. the quoted company set up to run one of the world's most famous soccer teams, has raised the profile of the game in financial circles, but its success is unlikely to attract more clubs to the market. United's shares soared 46
      Reuter  -  356 words
    • SCORECARD
      • Article, Illustration
        75 21 Reuter NEW YORK Mnjor League results on Sunday: National San Francisco 4 Montreal 1; Philadelphia 5 Los Angeles 2; Pittsburgh 7 Houston 2; San Diego 9 New York 8; St Louis 7 Atlanta 3; Chicago 2 Cincinnati 1; Florida 11 Colorado I. American Texas 6 Milwaukee 1; Detroit 16
        Reuter  -  75 words
      • Article, Illustration
        235 21 Reuter NEW YORK NBA results on Sunday: New York 89 Chicago 84; Boston 106 Washington 94; Cleveland 107 Philadelphia 103; Detroit 116 New Jersey 110; Golden State 119 Seattle 109; Minnesota 113 Utah 111; LA Clippers 123 Portland 112; San Antonio 119 Houston 117 (OT); Denver 120 Phoenix 118.
        Reuter  -  235 words
      • Article, Illustration
        187 21 Reuter AP GREENSBORO, North Carolina Leading final scores at the US$l million Greater Greensboro Open on Sunday, won by Rocco Mediate on the fourth playoff hole (US unless noted): 281 Rocco Mediate 74 67 71 69, Steve Elkington (Aus) 71 68 69 73 282 Paul Azinger 73 67 70
        Reuter; AP  -  187 words
      • Article, Illustration
        59 21 Reuter NEW YORK NHL first-rowd playoffs on Sunday (home team ia caps): NEW JERSEY 4 Pittsburgh 1 (Pittsburgh leads best-of-seven series 3-1); ST LOUIS 4 Chicago 3 (OT) (St Louis wins series 4-0); LOS ANGELES 3 Calgary 1 (Series tied 2-2); TORONTO 3 Detroit 2 (Series tied 2-2);
        Reuter  -  59 words
      • Article, Illustration
        194 21 AP IMOLA, Italy Results on Sunday in the Grand Prix of San Marian, the fourth event of the 1993 World F-l Championship: 1. Alain Prost (Fra) Williams-Renault, 61 laps or 307.44 kilometres in one hour, 33 minutes, 20.313 seconds, at an average speed of 197.625 kph 2. Michael Schumacher
        AP  -  194 words
      • Article, Illustration
        176 21 Reuter MILAN Italian first division on Sunday: Atalanta 1 Sampdoria 2; Foggia 0 Torino O, Genoa 1 Brescia 1; Intemazionale 3 Ancona 0; Juventus 3 Fiorentina O, Lazio 2 Pescara 1; Napoli 1 Cagliari 0; Parma 3 AS Roma 1; Udinese 0 AC Milan 0. Leading standings (P W
        Reuter  -  176 words
      • Article, Illustration
        41 21 AP BARCELONA Results on Sunday of La KmmiKa Open (seedings in parentheses): Singles Final Arantxa Sanchez Vicario (Spn 1) b Conchita Martinez (Spn 2) 6-1, 6-4. Doubles Final Sanchez Vicario/Conchita Martinez b Magdalcna Maleeva/Manuela Maleeva Fragniere (Bul/Swi) 4-6. 6-1. 6-0.
        AP  -  41 words
    • 50 21 Reuter NEW YORK New York Knicks forward Charles Smith celebrating his first half slam dunk against the Chicago Bnlls during their NBA season final game on Sunday at Madison Square Garden. Smith had 15 points as the Knicks beat their conference rivals 89-84. Renter
      Reuter  -  50 words
    • SIDELINES
      • 102 21 AFP JOHANNESBURG South Africa have apparently refused to play a Maori side during their rugby union tour of New Zealand next year because Maori teams are chosen on a racial basis. The Afrikaans daily Beeld reported Nic Labuschagne. chairman of the touring committee of the
        AFP  -  102 words
      • 122 21 AFP IMOLA Alain Prost admitted Lady Luck had given him a helping hand on his way to winning a wet and accident-plagued San Marino Grand Prix on Sunday. Prost, who won the first race of the season in South Africa, is now just two
        AFP  -  122 words
      • 62 21 AFP NEW YORK Tennis star John McEnroe has decided to copy boxer George Foreman and carefully choose his opponents. McEnroe said here on Saturday evening, after losing to baseball player Tom Seaver at squash in aid of charity: "I'm going to start calling myself the
        AFP  -  62 words
      • 164 21 AP DOHA, Qatar Saudi Arabia and Singapore won promotion from the Davis Cup Asia-Oceania Zone Group 3 on Sunday, but both sides had to call on their fighting resources before their places were guaranteed. Saudi Arabia got off to a flying start against Syria,
        AP  -  164 words
  • Page 21 Advertisements
    • 147 21 METRO HOLDINGS LIMITED (Incorporated in the Republic ol Singapore) LOST SHARE CERTIFICATES The following stare certilicales have been reported lost or deslroyed CERTIFICATE NOS X THE NAME OF SHARES Of >100 EACH *****1/63 Ballas Nominees 3X1.000 (Pinole) Lid NOTICE IS HEREBY GIVEN lhal il wilhin fourteen (14) days Horn the
      147 words
    • 374 21 Btnyusnim TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I. Fabrioe De Bany of 42A Belmont Road Singapore 1026, have applied for a Public House First Class (Extended) Licence in respect of premises at M/S Fabrice's World Music Bar, aft 320, Orchard Road,
      374 words
    • 245 21 CHINA INTERNATIONAL TRUST AND INVESTMENT CORPORATION USSISO.OOOMO FLOATING RATE NOTES DUE APRIL 1990 In accordance with the provisions of the Note, notice is hereby given that for the 6-month interest period from 27 April 1993 to 27 October 1993, the Note will carry an Interest Rate of 3.8125% per annum.
      245 words
    • 74 21 M TM MAini Of DC CONMMM ACtCM.It AND MINE UMTS Of MDUSWAL 3BMCB ASSOCIATES (PtNATB IMQ) (to Muban Vohrtwy LiqiilHinr) NODCE B HBKBY GMM paaart toSsdonttWofte Coapawi Act bp. 90 lat #a hnal Mastng of Marian of to ANMMd CoapnywibttaM ofk«ofM/iIK«IDVMSI CO, 257 Sdaga Road S*psGoaflaiSappo» 0718 far tMPMpowastUMdnSKtai SBafteCoapny
      74 words

  • Page 22 Advertisements
    • 901 22 lyiMllHlingßftateAßud, FViffifll WHERE to WINE f dine and entertain or At just $18++, our Bird's .Nest will please your palate as well as your pocket. *y (\f We've |ust added Bird's Nest fIHDHHru delicacies to our menu at really Jjßf affordable prices. IWrW f| Whether It's a Bird's Nest main
      901 words
    • 341 22 Fancy Beijing? I iJi# I Then, we're delighted to suggest I the Pine Court for I memorable dining experience. I Try our Beijing specialities such as I Baked Tench, Beijing Duck and V I Marinated Lamb and our lunch menu of I Beijing dian xin. fIEETC I To add to
      341 words

  • LIFESTYLE
    • 691 23  -  Jeff Daeschner finds out more about the new estuary English used nowadays Jeff Daeschner Reuter THE QUEEN'S English, the oral badge of class in British society and a puzzle to foreigners, may be dead or at least in its death throes according to linguists. They say 21st
      Reuter  -  691 words
    • 393 23 UPI UMIHIKO MAKI, one of the new-wave archiJL tects who rebuilt Japan after World War 11, was named winner of the 1993 Pritzker architecture prize, the world's most prestigious prize in the field. Chosen by a jury of distinguished professionals selected by the Hyatt
      UPI  -  393 words
    • 316 23 CHATTERBOX THE DIVORCE between former tennis champion Bjorn Borg and Loredana Berte of Italy became final last week, at least in Sweden. Berte, an Italian rock star, had until April 21 to appeal the divorce, but did not. Berte has been trying
      316 words
  • Page 23 Advertisements
    • 399 23 —H KHAW AND SONS PRIVATE LIMITED f— SEIZING THE SUZHOU GRAND PLAN The Singapore Government has finally disclosed its strategic blueprints for investments in Suzhou. Businessmen, now assured of official support, should seize the chance immediately to venture into this opportunity-rich development zone in China. We can help you plot
      399 words
    • 76 23 i*l* un #mBBI A %JJY M IKCIPK i y iMiialnHi I At Cafe de Grand. we being you the traditional Teochew Porridge in 'ftuftot Styto' at an affordable price Z Spreads of mouth-watering Braised Streaky Pork. Tau Pok. Deep Fried Silver Eel. Steam Squid. Braised Chicken Feet... jj and more.
      76 words
  • Page 23 Miscellaneous
    • 855 23 TV OUR CHOICE 5 PM Opening followed by TlwMitBMtar. EartMsiaas Fire-At-tack (See Our Choice). Mr actor's Sbmaic Martta Scarsasa Alice Doesn't Live Here Anymore (See Our Choice). 7 JO AM AM Tart (Stereo). PM Opening followed by PM Tart (Stereo). MKkM(C). Taka Part. Tha Mr Wagm Mm (Stereo). From the
      855 words

  • PROPERTY & CONSTRUCTION
    • 515 24  -  Sylvia Wong saw top Vietnamese urban planners unveil big plans for their major cities here last week Sylvia Wong THE Vietnamese government intends to triple the size of its capital, Hanoi, in 20 years. An ambitious plan, which has already been approved by the
      515 words
    • 519 24 HO CHI Minh City is in a hurry to repair its war-ravaged infrastructure so that it can tap the growing foreign interest in Vietnam's economy. Up to May 1992, Vietnam's southern hub had given out 170 investment licences to foreign
      519 words
    • 924 25  -  Kooi Cho Teng sounds a note of caution about those alluring properties in China Kooi Cho Teng Singaporeans rushing to buy real estate in China should tread carefully as many of the country's rules and regulations are in a
      924 words
    • 773 25 The Real Estate Law, expected later this year, should clear up many grey areas South China Morning Post Hongkong China's Real Estate Law, expected to be promulgated by the Chinese Parliament this year, will provide clearer guidance and better protection for investors in the
      South China Morning Post  -  773 words
    • 187 25 IT TOOK some pre-war shophouses in Chinatown to raise the temperature at a Colliers Jardine property auction held last Saturday. Number 15 Keong Saik Road, a 1,485 sq ft property slated for residential purposes, drew the most interest. It got 31
      187 words
    • 168 25 Bernama ASIA PACIFIC Land Bhd will be diversifying from its present core business of property development and investment into civil construction projects in Malaysia and overseas. This would be done through a joint venture with its partner, Concrete Construction Group Pty Ltd of
      Bernama  -  168 words
    • REGIONAL SKYLINE
      • 52 25 SINGAPORE Sentosa Golf Club had its ground-breaking ceremony yesterday to mark the start of the construction of its clubhouse. Designed by James Ferrie Partners, the clubhouse will be built by Nakano Singapore at a cost of $20 million. It is expected to be ready by April
        52 words
      • 59 25 HONGKONG A luxury residential project in Shenzhen, to be jointly developed by Robert Kuok's Kerry Group. Liem Sioe Liong's Salim group and another company, was launched in Hongkong last week. Named the Regency, the residential project will be carried out by Ying He, the joint-venture
        59 words
      • 54 25 HONGKONG Property giant New World Development plans to launch a series of multi-million-dollar housing projects, similar to Hongkong's home ownership schemes, in Wuhan, Dalian and Beijing. New World will build homes for the local authorities in these cities. The authorities will underwrite the
        54 words
      • 68 25 PENANG The Unico group will launch 1,500 low-cost flats in a new, 52-ha township in Paya Terubong, Penang. The flats will be developed by Majestic Heights Sdn Bhd, a subsidiary of Unico. To be built in two phases, the Paya Terubong development would take seven
        68 words
      • 55 25 MALACCA Forty-four publicly-listed companies are keen to take up Malacca's offer to sell 70.4 ha of prime land in Air Keroh for tourism-related projects, state tourism development committee chairman Poh Ah Tiam said. The land would be parcelled out into 77 plots of between two
        55 words
  • Page 24 Advertisements
    • 1955 24 Standard 9 Chartered Standard Chartered Finance Ltd (Incorporated in the Republic of Singapore) Wholly owned subsidiary of Standard Chartered Bank IM2 litl I Accrued interest on deposits 1,280.766 1,275.059 SHARE CAPITAL I Amount due to customers 945.974 560,146 tiwit mrmw. I provision for staff benefit and recreation 134.893 120 000
      1,955 words
    • 247 24 Mfc WB tk IflM# How to "Win" with Integrity! Presented by JULIAN GRESSER, Attorney-at-law, California, USA This programme will equip managers to win not only in |apanese negotiations, but also in a broad range of everyday situations unrelated to |apan. WHAT YOU WNJ. LEARN The seven basic "moves" in the
      247 words

  • Page 25 Advertisements
    • 40 25 Outstanding Commercial Investment Adelaide, South Australia. $4.0 million 12.0% INITIAL YIELD Fully leased to: Hewlett Packard Australia Ltd. AMP Society, Homestake Australia Ltd. M Taxation benefits levels 92 on-site carparks Details Contact JLW Singapore 5 Ph 220 3888 Jim Williams >
      40 words
    • 10 25 PICK crop!®^ ADVERTISE YOUR JOB OPENINGS in the APPOINTMENTS' columns
      10 words
    • 86 25 7 AupmiA HILLS PRESTIGE AWARD WINNING APARTMENTS IN THE HEART OF SYDNEY Part of 5 star serviced apartment 5 minutes from CBD and major Excellent capital growth assured Extensive facilities include under ground parking and swimming pool 1 bl p| Limited release only 20 apartments FOR ALL ENQUIRIES CALL lan
      86 words

  • 519 26 EDITORIAL BARELY HAD the African National Congress (ANC) recovered from the shock assassination of Communist Party leader Chris Hani when there came the news of the passing away of Oliver Tambo, a founding member of the ANC and a towering Figure in South Africa. The death of two
    519 words
  • WHAT THE OTHERS SAY
    • 334 26 Competitiveness is the life-blood of Singapore which must not be compromised in any way. A greater shift to public transport seems necessary to stem traffic congestion on a long-term basis. What would it take to make regular road users, like commuters, drive their care sparingly? The
      334 words
    • 148 26 PRIME MINISTER Goh Chok Tong wants Singaporeans to acquire a global perspective that is vital if the Republic is to develop an external economy and help Singaporeans gain a better appreciation of their country. In his view, being a developed country is more than just being well-off or
      148 words
    • 83 26 IF civil war breaks out again in Cambodia, China will no longer support the Khmer Rouge, said Wu Jianmin, spokesman of China's Ministry of Foreign Affairs last week. This statement is of great significance. Though China's move still may not prevent the Khmer Rouge from stirring
      83 words
    • 112 26 THE WACO DISASTER is a lesson that should be learned for the future, and not only for Americans. It may be frustrating and, briefly, embarrassing for law enforcement to be seen to be powerless in a confrontation with fanatics. But it is more damaging for
      112 words
    • 125 26 THAT Washington and the EC have scheduled three joint summits before the July meeting of the Group of Seven leading industrial nations in Tokyo is a positive sign. The G-7 summit is intended to remove as many obstacles as possible to the successful completion of
      125 words
    • 235 26 SMALL-TIME BUSINESSMEN, petty traders and hawkers face extreme difficulties in obtaining loans to purchase low-cost houses. Without that scrap of paper the pay-slip they are treated as persona non grata by banks and financial institutions. The bank's credit evaluations will show that such applicants have failed
      235 words
  • 749 26  -  The Clinton presidency is on the line in Bosnia and Congress. Leslie Gelb reports Leslie Gelb NYT FROM Washington and around the world, the grumbling has begun about President Clinton's leadership, his ability to wield power and his willingness to do what's necessary to
    NYT; Reuter  -  749 words
  • Page 26 Advertisements
    • 180 26 International Jewellery Singapore '93 is the first international trade exhibition of fine jewellery, watches and clocks in Singapore serving the South-East Asian region. Here, you'll meet some of the world's biggest jewellery manufacturers and distributors over a 3-day period. You'll have the opportunity to view exquisite jewels, diamonds, glittering gold
      180 words
  • Page 26 Miscellaneous
    • 81 26 a DRZZLIHG new co*cePr pgLL f\BOUT IT! T"H£\ OF IN HOUSejNWMWIOtf" J I <?. 6UMP&R. SPRING NUNCCfc &^CVT|WG! Vft |T/ OF THg, Pe£RY\y V CMP\U£NGIWG j rrkr Qf "X" US' *r »*s Si T Jl I O ASSOCIATED NEWSPAPERS LTO-. ISS2-MSI I >J ffft DOONESBURY GARRY trudeau MIKB, WHAT'S ThIS'TAKB
      81 words

  • ANALYSIS
    • 1438 27  -  Florence Chong, reporting from Sydney, talks to Peter Cook about his main areas of concern as Australia s new Minister for Trade A A 1 J Florence Chong SENATOR Peter Cook, Australia's new Minister for Trade, intends to focus his energy on Australia's trading
      1,438 words
    • 1424 27  -  Florence Chong on the spin-off that such an event can generate for the Aussie economy Florence Chong SYDNEY is spending As2s million (Ss29 million) to bid for the 2000 Olympics. If it wins, the prize is considerable an estimated As 6 billion
      1,424 words
  • Page 27 Advertisements
    • 228 27 11 So don't miss Colin Bockman on 11 "Leadership Management Building 11 the Corporate Edge through People" II Ssl4s SIM members/Ssl7o Non-members W&tbdk 11 rflhis seminar will help managers manage in a leadership and involvement style. Xlt will give them some how-to's that they can take away and apply immediately
      228 words
    • 170 27 V /Jjjt J costs significantly. But now Lasercare OEM* Toner Cartridges can offer A is you bolder, crisper images, higher print yields and minimal toner wastage (as low 1 as 8% while others are around 23%) which means you'll not only be getting exceptional —tone quality for your printing needs,
      170 words

  • 635 28  -  Russian referendum From John Helmer in MOSCOW PRESIDENT Boris Yeltsin's supporters yesterday claimed a mandate for change after Russian voters endorsed his painful free-market reforms and gave him a ringing vote of confidence, news agencies reported. But opponents said Sunday's referendum on his leadership
    Reuter  -  635 words
  • 323 28  -  From 1 Yong Pow Ang in SHENZHEN THE GOVERNOR of the Chinese province of Shandong, Zhao Zhihao, has responded with enthusiasm to Prime Minister Goh Chok Tong's proposal that a Singapore-Shandong Business Council be set up to facilitate investment in the
    323 words
  • 304 28  -  China-Taiwan talks in Singapore By Schutz Lee SINGAPORE Taiwan's chief official for today's landmark talks with China yesterday avoided the word "reunification" in describing how relations across the Taiwan Straits should evolve, and used the term "reconciliation" instead. Koo Chen-fu, head of the
    304 words
  • 343 28 World Economic Outlook Reuter WASHINGTON The shaky world cconomy could slide back into recession if major countries fail to come up with and carry out a joint strategy to shore up global growth, the International Monetary Fund said yesterday.
    Reuter  -  343 words
  • 300 28 AFP WASHINGTON Asian economics grew by almost 8 per ccnt in 1992, partly thanks to a steep rise in China's growth rate, and the region will remain the world's fastestgrowing this year, the IMF said yesterday.
    AFP  -  300 words
  • 856 28  -  The Bottom Line LEE HAN SHIH LEE HAN SHIH The writer is a senior correspondent in BT's Corporate Analysis Group TALKS at the highest level in 44 years between China and Taiwan begin in Singapore today, and the most important
    856 words
  • 520 28 Reuter BEIJING Philippine President Fidel Ramos received a warm welcome and a pledge of US$25 million (5540.5 million) in credits from his Chinese hosts yesterday, but Beijing added a word of warning over Manila's ties to Taiwan. After reviewing
    Reuter  -  520 words
  • 261 28 Reuter ROME Italy's head of state yesterday asked central bank governor Carlo Azeglio Ciampi to form the country's 52nd postwar government, a presidential statement said. Mr Ciampi, a technocrat who has spent his entire career at the Bank of Italy, is
    Reuter  -  261 words
  • Page 28 Advertisements
    • 136 28 r Singapore's most popular NitsukoS I Key Telephone System v Xin Kong Business Services, headquartered in Hong Kong, has opened its regional business centre in Singapore. We provide CONSULTING SERVICES for ASEAN clients, who are exploring booming investment/joint venture opportunities in the People's Republic of China. We aim to serve
      136 words
    • 14 28 SINGAPORE COMM Distributor of the most sought after Key Telephone System Tel: 278 7088
      14 words

  • Shipping Times
    • 422 29  -  By Dexter Lee SINGAPORE Sembawang Shipyard has completed its biggest and most prestigious luxury liner repair contract to-date, underlining its track record as Singapore's leading cruiseship repair yard. The latest contract, worth $13.5 million, involved extensive refurbishment and upgrading work on the Island Princess,
      422 words
    • 300 29 PORT KLANG Port users here are generally satisfied with the improvement in services provided by Klang Port Management Sdn Bhd (KPM), the company which took over the remaining services of Port Klang Authority's privatisation programme five months ago. Shippers, shipping agents, freight forwarders
      300 words
    • 278 29 BANGKOK Unitank Co, a member of the Lenso Group and a chemical tank leasing venture, expects to finish the third phase of its new 150 million baht facilities in Samut Prakan in nine months. Jesada Virapom, president and chairman, said the company also plans to
      278 words
    • 865 29 Page Col ABC Containerline 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 Bangladesh Shpg 18 3 •Bank Line, The
      865 words
    • 234 29 SINGAPORE Neptune Orient Lines Ltd (NOL) has renewed an agreement with the Port of Singapore Authority (PSA) to enjoy berthing priority and volume discounts on stevedorage charges. The Appropriated Berth (AB) Agreement extends these benefits to shipping lines on condition that they handle a minimum
      234 words
    • Article, Illustration
      46 29 Reuter ISTANBUL, Tarkey Members of the Greenpeace environmental organisation scaling the haU of SS United States last week to banc a banner m colleagnes on a graffiti to protest against plans to strip asbestos from the ship daring a refit in Istanbul. Ranter
      Reuter  -  46 words
    • SHIPS IN PORT
      • 605 30 Vessel Voy No Berth fcjwl Departure Jurone Port A venture Queen 1 6/6 alongside 2704/0600 Arttis Sams alongside 27 04 0800 Aftem 12 14 alongside 2704 0800 Ow Sempurna 09 93 13 alongside 27 04/2300 K M Ivanov 1 93 111 alongside 27 04/1500 (Hsu 1 007
        605 words
      • 1363 30 TEL: (65) 227 4567 FAX: (65) 227 5556 TLX: RS ***** YASSEA DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO SNp Voy No Cwttainm mMk Perma I 5<H50 COO(EST) 26.0* 93 1500 Vt-Ga 45A COO(EST) *****3 1500 Artto Grace 9317S COD(EST)
        1,363 words
    • 752 31 Malaysia's MsBoo-million shipping fund was intended to help domestic operators build up their fleets to compete internationally. But this long-awaited government aid has been dismissed by many in the community A *»n/4ik C«lt/ XXJt* ilhiiKl Lloyd's List Maritime Asia ONE of the main constraints for domestic
      Lloyd's List Maritime Asia  -  752 words
    • 10846 38 This is a list of ships loading at I Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang
      10,846 words
    • 3343 43 Coatuaerliae NV: Bclsin Shpg I Agencies Ptc Lid (SVMarinc Handling Sdn Bhd (PK/PN). Accord Gnwf: Accord Shpg Ptc Lid (SyAccord Conlr Line (PK/PN). Adkris Basiaess Corporation Philippiae: Calsourec Shpg Trdg Pie Ud (S) Ahaeakiri Liaer Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frala Shpg Pic Ltd (S).
      3,343 words
    • 272 43 Abacas Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freight Corporatioa Tel: 542-8844. Fsyi: 542-3716, *****80. Airs will Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. CHy-Liak lateraatioaal Td: 344-3377. Fax: 345-6450. Clarter Link Sapplin A
      272 words
    • 1448 43 Abex Express Freight Td: 542-7171. Fax: *****84. Actiak Forwarder Td: 225-1833. Fax: *****42. ACinw 3ianpovr Td: 542-7812" Fax: *****20. Aendiak Freight lateraatioaal Td: 545-803lFax: *****05. Td: U 542-5911. Fax: *****18. < Air Carps Novo Express Td: 542-5454. Fax: *****06. 1 Air Express lateraatioaal Td: 542-7666. Fax: *****74. *****50.
      1,448 words
    • 1985 44 ANGOLA Luanda: Port operating normally, possibility of 1-2 days berthing delay for general eargo. but no delays for Ro/Ro containers. 1 Lobito: Port operating, but quietly, very low traffic levels with berths largely unoccupied. Namibe: Port operating normally. Soyo: Security in the area remains high. Loadings direct from
      1,985 words
    • 1052 44 SHIP SALES TANKER RATES AFP IT WAS reported on April 20 that the high specification handymax bulkcarrier Torm Alice 44.500 dwt and built 1983 Mitsui has been sold to clients of Ugland Bulk of Norway for a price of USS 15.35 million. The vessel had been previously committed during the
      AFP  -  1,052 words
    • 558 44 ARRIVALS Op night Type ETA T From TODAY NCA KZ203 B747F 0145 I NRT KAL KE697 B747F 0150 I SEL JAL JL6I7 B747F 0345 I TYO SI A SQ835 B747F 1125 2 BSL/DXB RJA KJ024 B707F 1900 1 AMM/DXB CLX CV796 B747F 2115 1 LUX/AUH/KUL TOMORROW AZA
      558 words
    • 192 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dep Name of Vessel ETA ETD Ports of Calls Port Afent Telephone No APRIL 28 28 Island Princess 30 30 Fantasy World 1200 1700 Sin-Port Klang 1000 1900 Sin-Port Klang Straits Shpg Lauw Sons Travel 225-0788 227-8284 REGIONAL FERRIES Port of Call Nut of
      192 words
    • 856 45 THE DRY cargo freight market on Friday saw further strength as the Baltic Freight Index, which reached 15-month highs recently, jumped another 11 points to 1.524. Brokers said the firmness was based on active grain chartering, good enquiry on the minerals routes, and port delays in Brazil, the
      856 words
    • 1140 45 COURSES Title: sth BIMCO Course on Voyage Chartering Eliminating Trouble Spots, Time Chartering Understanding Securities for Payment of Hire and Principles in Common Disputes, Chartering Practice Earning and Getting the Freight, and what must be known about Insurance. Duration: May 3 4 Organiser. Baltic International Maritime Council (BIMCO)
      1,140 words
    • AIR AND LAND TRANSPORT NEWS
      • 535 48  -  By Juliette Walker SINGAPORE Strong growth in Swissair's Asian and Mid-Eastern flight operations helped prop up the carrier's sagging flight revenues last year. Earlier this month, Swissair group reported net profits of 20.8 million Swiss francs (5523.3 million) for Swissair Airline. It would
        535 words
      • 31 48 Reuter KARACHI Pakistan Pakistani troops viewing the remains of a derailed train near Karachi on Sunday. The crash wounded at least 27 people. Renter
        Reuter  -  31 words
      • 221 48 AFP SUVA Air New Zealand has won a three-year contract to supply a leased Boeing 747 to Air Pacific by offering to train its maintenance staff, the Fijian airline's chief executive Andrew Drysdale said here yesterday. Air Pacific will take delivery
        AFP  -  221 words
      • 182 48 AFP OTTAWA The future of Canadian Airlines International was thrown into doubt last week when a federal government agency refused to allow it to pull out of a partnership with rival Air Canada. But the airline said it would fight the decision in
        AFP  -  182 words
      • 1178 48 «e n*t a* am DL I Dkm WmM GA893 1335 GA984 0150 kMMl QF81 1940 QF82 2055 Immm RJ182 2200 nwiln lin GA893 1335 SQ320 1100 KL837 1445 GA974 2215 KL838 2310 j. SQ348 2300 n, f >n NZ35 1550 NZ36 2340 SQ286 2030 Gf 148
        1,178 words
      • 456 48 Bloomberg Business News TOKYO Japan's two largest airlines, Japan Airlines Co and All Nippon Airways Co, will have to endure another disappointing year of earnings. Thanks to the artificially high domestic air fares set by the Japanese government, these two airlines have
        Bloomberg Business News  -  456 words
      • LOGBOOK
        • 87 48 AFP BEIJING Ford Motor Co will begin production in China with a US$59O million (***** million) joint venture in Shanghai. Ford will sign a formal contract soon with Shanghai Automotive Industry Corp to set up a US$9O million joint venture making plastic and
          AFP  -  87 words
        • 54 48 Reuter LERWICK, Shetland Islands The last moments of the Fraserburgh registered fishing boat Northern Adventure as she sinks following engine and pump failure near Unst in Shetland. Black smoke comes from the vessel as the sea water reached the galley where an oil stove was burning. No
          Reuter  -  54 words
        • 67 48 Reuter LONDON Bondholders of GPA Group pic are considering legal action against the troubled aircraft leasing company over payment of around US$2OO million (***** million) of bonds due in May and June, according to the Observer newspaper. The newspaper said the bondholders had begun discussions
          Reuter  -  67 words
        • 63 48 UPI LONDON The future of the Leyland DAF Van plant in Birmingham, left in doubt by the collapse in February of its Dutch parent company, was secured by a management buyout, the British Broadcasting Corp reported. The managers of the plant bought the firm
          UPI  -  63 words
        • 85 48 Bloomberg Business News TOKYO Japan's production of passenger cars, trucks and buses fell 1.0 per cent year on year in March to 1.16 million units, the Japan Automobile Manufacturers Association said. It was sixth consecutive year-on-year decline in production. Passenger car production rose
          Bloomberg Business News  -  85 words
      • 355 48 More HK forwarders opening representative offices on the mainland South China Morning Post HONGKONG The growth of China's air freight forwarding industry in the next decade will be identical to the Hongkong boom of the *****, says the chairman of one of Hongkong's
        South China Morning Post  -  355 words
  • Page 29 Advertisements
    • 19 29 If you want Htheojj9 I yesterday, Fly H ustodaygmk Jr -A I Member ASM ißf iilißljj I I GRFFJNKINETIC^4SOI33I
      19 words
    • 31 29 Malaysia's shipping fund, Page 3 Swissair's results, Back Page Lints and —rvlc—wpctwrttd by MambaraoMhaßagiatryof Accreditad j/afEJKft Shipping Aganta, Singapore vJtfitfft/ National Shipping Aaaocialion For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      31 words
    • 164 29 International Freight Forwarder EUROPE LCL FCL Services -*****00 M+R FORWARDING PTE LTD INTRODUCING EXFRESSRAIUS EXPANDED ON-DOCK SERVICE. Seamless, on-dock transfers are only part of it The Port of New York New Jersey offers the most first-in/last-out sailings and new, daily double-stack service via Conrail and CP Rail. So Expressßail can
      164 words

  • Page 30 Advertisements
    • 778 30 TSKIJNE AGENCES (5) PTE. LTD. I MTSJC iimf. ;:sr„ I TOKYO SENPAKU KAISHA, LTD. uomtmooon I tojqmml 2m lhmk ACX ROSE MB 2104 **280* 27-04 30.04 04.05 06.05 11.05 11.05 12.05 13.05 9 FIDO ffPCL M Mlltffl IFMfl—Hfl— XITTU fO KIUiMj.—JBL-| ML 1 «rf I mmmii 1 Ml""" 1 1
      778 words

  • Page 31 Advertisements
    • 848 31 OOCL (8) PTE LTD JAROIHE SHIPPING AGENCIES TEL: 323 3313 FAX: *****42 DOCUMENTATION TEL: *****64 FAX: *****09 —H BOOKINGS TEL: *****80/*****81/*****82 CFS (PSA F5) TEL: *****21/*****79 JARDINE SHIPPING AGENCIES SON. BHD. PETALING JAVA TEL: 03-*****76 03-*****42 HoHiratftd to Qualitv Service penang tel: *****4 fax: *****1 cfs tel: *****6 ueaicaiea iu
      848 words
    • 340 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 ISuaSCH miMßiAm amm co-fswlM To US E—l CoMt I I I I I r? I MBMSW 74/5 71/4 14/4 1/7 J/7 STsMMMI 7/4 14/4 14/4 17/4 lt/4 l« mri Mil* 77/4 »/7 n/7 i/j v* ■WWMM 7/7 U/4 ivi WJ M. IjHMBB
      340 words
    • 1108 31 ■□cmEasza SOUTH AFRICA DIRECT VESSEL: HAKATA V.9332F ETA SIN 30TH APRIL 1993 ZZIZ voy ETA I ETO Mv by I —I destinations n* II Tho MAR* MAERSK V »304 CFS~ JOM LPK PEN OAK IGB HOU MEM ATL MIA CHS BAL PHL NYC TOR I utaf maEWSK 9304 |04/b lob/S
      1,108 words

  • Page 32 Advertisements
    • 1284 32 R OAM/1 LE ALSO ACCEPTBOO FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) STON H BUBO AWEBP HAVRE WEST MALAYSIA KAMAKURA 28/116 29/4 'S /S 18/5 !®£s Port Kelang. Penang SSSTtxPREBB 10/316 1/S 22 5 S&28/117 6/5 22/5 25/5 23/5 EAST MALAYSIA TZ~7 ~.,c 26/5 29/5 31/5 2/6 Kuchfng. K.
      1,284 words
    • 604 32 I FCL Break bulk Service to: I AFGHANISTAN MAM Afghanistan Ltd., I Sole Foreign Forwarder in Katxi for alt services I CJ.S.- Vostochny, Vladivostok, Moscow, Twhkent, I Kiev. Minsk, Riga, Baku, Irfcutafc, Alma Ala I North Korea Vietnam Mongolia t Hungary CSFRe Poland ocTSTrans II AGENCCS (FAR EAST) LTD I
      604 words
    • 1348 32 I REGULAR INDEPENDENT FULL CONTAINER SERVICE FEL NORASIA AL MANSOORAH 9315-320/04 20/05 21/05 22/05 23/05 25/05 24/05 26/05 27/05 20/05 I NORASIA PRMCESS 9316-3 04/05 27/05 20/05 29/05 30/05 01/06 02/06 02/06 03/06 04/06 NORASIA SUN 9317-3 11/05 01/06 02/06 03/06 04/06 06/06 07/06 00/06 09/06 10/06 NORASIA PEARL 9310-3
      1,348 words

  • Page 33 Advertisements
    • 1791 33 H STRAITS SHIPPING PTE LTD 10 Hee Chiang Road #11-01 Keppel Towers Singapore 020S Td: *****00 Fax: *****17 NEW GUINEA PACIFIC LtWC jßwfip <a service of china navigation co> ACCEPTS VaV' CARGO DUE SUS 1 RAJAH BROOKE *IU Muara. lab 24 i 26 Apr In Pt 28 Ap» FCL, LCL
      1,791 words
    • 1657 33 W%% A SINGAPORE AGENT: TlO A P&O Containers (Singapore Agencies) Pte Ltd ■Hk W >sfllTl T lfl"rs 10 Hoe Chiang Road #07-01 KEPPEL TOWERS, SINGAPORE 0208 A. Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z export VESSEL VOV ANT HOT NAM SOU LEM ALO
      1,657 words

  • Page 34 Advertisements
    • 677 34 wimm ~im I 3>/m/» I »/s 3/t u/t EAST COAST W»TS ta/wr mi stok w mi k «n Mao ggg 54S a/« 31/4 17/5 »/5 14/S 27/5 ma MTttMT* 7ts 7/5 «/s 25/5 a/5 WO MBT""* I tf/5 l2lii I 3/t 6/t 31/5 SOUTH-NEST TOUTS wtmw Im- STOK T m
      677 words
    • 1864 34 (g)HANJIN SHIPPING] ■mm m LM HAUL SEA POI FDR VSL SM |LME HAUL SAV IN NYC I 11 fI7V m7a OMECT 20/5 22/5 HARM SEATTLE 0291 »/4 EMM 3/6 4/6 6/t SnSmtf im 6/5 ORECT 27/5 HARM TORBME IOOE 6/5 NNOKMMOJK 10/S 11/S 13/6 I UAMM inrmmii n?7f 13/S DMECT
      1,864 words
    • 1368 34 d -Trl -1 d m sr ut u w mt oa n v no ui h ir in nr k n it I (COKKOSS Vl* »/4 V 5 VS 7/5 11/5 11/J 11/5 14/5 15/5 W/S 21/5 VI U/< 12/ C 22/S 21/1 M/C 25/1 2V4 4/7 11/7 21/7 a/7
      1,368 words

  • Page 35 Advertisements
    • 1103 35 SCX: 'NEPTUNE DMMOND daK" II II S3 AtMm l| Ml. 'NEPTUNE ETA 2 G JJJ/ S 5/93 H ,se s«« 22 N DUMoSu ui si IE £i £il s E?E" i S 3 s isb i££ r rr| PHVjj |BHB HHBI hhhh HHHH fT ™»i r% i fl bre Y
      1,103 words
    • 885 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ft ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 I (REGULAR INDEPENDENT SERVICE) |w*i yy wll 13j wB B
      885 words

  • Page 36 Advertisements
    • 1084 36 a-* w AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CH M»: **********0 M) X Wm T TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 IXI M MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD Jf 1 mrj TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 LTD INDONESIA: P.T. BARANA WTERNUSA,
      1,084 words
    • 967 36 PHI LI-on If NT UN€S PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex. RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION a If AUSTWAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE J 28 APR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 1 MAY AUCKLANO. WELLINGTON. LYTTLETON.
      967 words

  • Page 37 Advertisements
    • 660 37 /SSSSIM PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I I SSSSSSSS CR NO **********0E I jli ALSO ACCEPTING LCL COO TO ADEN. AGABA i>| VTT-1- Til OXB KNI BOM CMBS« VOY "J, VT m/m 11/1 14/S M/I >!d MAYA CAMH4 *f* 21/g 24/5
      660 words
    • 981 37 WEEKLY LCL SERVICE NORTH EUROPE EVERY TUESDAY FOR THE FASTEST TRANSIT TIMES IN THE TRADE CALL:BEN LINE AGENCIES (S) PTE LTD TEL: 225 3522 BOOKINGS: NOELLE TAN/TS CHOW YEA SHYUAN/SALLY YAP OR EAC TRANSPORT AGENCIES (M) SDN BHD BOOKINGS: AN6ELINE TAM SHAH ALAM TEL: 5504M9 001 ARK KHIANG PENANG TEL:
      981 words
    • 316 37 °BSA° TRANSPORTATION M MYANMA PI FIVE STAR LINE (Myanmar National Line) Looting for Yanion (Ranfoon) Spore PJU| Nn P.M| PAGAN VIWN In Port MEKU Vlira 04/* *1 MPA-An VIMW H/1I May PATICM VI23M W/1J Ma» mum Aran boustead wik agences kul m n-ttnm hl m n-vrnm PER la M-41C13S PCD:
      316 words



  • Page 40 Advertisements
    • 1931 40 Conventional Semi-Container Full Container Aner Services LinerServlces Wimrfaa Pn IM Cwtr* Ml IM Ha IM (West Africt only 2 Mistri Road 47 Hm _< wi7_/w/n7 <wanaor Dawl Ehsan Jalan Raia Chulan. ***** K.L Tel. (21) 36 IoJ/ nterprise Co Ltd JJJg*" (4 (jnes »»i<» 500 #07 05/07 SK/STt*! ffoJSiSS' 2
      1,931 words

  • Page 41 Advertisements
    • 636 41 FAMOUS CONTAINER LINES I 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 I HOT LINE: *****33 (24 LINES) I GOTHENBURG/SCAN 03/05 ROTTERDAM 03/05 I AARHUS/COPENHAGEN 03/05 HAMBURG/BREMEN 03/05 MARSEILE/FRANCE 29/04 FELIXSTOWE/UK 29/04 I BARCELONA/SPAM 03/05 LEHA WE/FRANCE 03/05 I GENOA/ITALY 01/05 ANTWERP/BELGIUM 02/05 I LOS ANGELES/WC/W 29/04 SYDNEY/MELBOURNE 28/04
      636 words
    • 582 41 8« RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LEttS) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Line#) ETHIOPIAN SUPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOAOiNG FOfl SPORE ANCNNET 355 IN PORT DABESSALAAM MOMBASA OJWOOTI ANUM,t ASSAB MASSAWA aryOT J2WB 2S/05
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    • 675 41 JAKARTA n GK K lm t I J MftBHUM 1555 25/4 1/5 PWA NHM 2MN Tut MP> */4 mm BHUM 75S *74 4/5 6. KOMTSEW 24N_ W*d _j|/4 Sat J7I MM MUM* MM N* 24/4 SMI 2/5 X JI *1 MM ~73N Fri 3M HT 3/5 I j «M» 5—
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    • 324 41 Bsagaa nwurt BAY OF BENGAL SgRVtCES m wrr m w I I twTsii mm zinm <M7/k ij-iv« I I OKHMHBn OMVK OUI/1S I I raa aoi mi imi/h u-ivos i«i/» I MB g H» 10-11/W 174Vg__g-»/g__| I (SS VOT at CK I I lUM IMCM tt-U/K OH2/0S M-IJ/g I I
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  • Page 42 Advertisements
    • 625 42 fcAQMN container lines MAC-NELS SPORE: *****22 (24 LINES) SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 COMPETITIVE RATE TO HONG KONG 3 SAILINGS WEEKLY DEPARTURE EVERY:(TUES/THURS/SAT) FOR ROOKING, PLS CALL ??Q2OM XIU-HUA. JAMES. WEE BIN. JO I GLOBEUWfORWARDERS pMM BsaKHB» St uttesi fax:
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    • 220 42 BLUE STAR LINE 11 SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL IYT SW FGUARD MY 2S 29/4 13/5 15/5 l/« PROSPECT 24$ 12/5 25/5 27/5 12/6 NISTAR 7S 25/5 6/6 »/6 25/6 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER,
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    • 975 42 llf THONG SOON LINES PTE. LTD.I I Ms 77 ROBINSON ROAD #15-00, #16-00 SM BMLDMG SXGAPORE 0106 h I TEL: *****5S FAX NO: *****11, *****22 I II WoB* TLX; RS ***** CARRER, RS ***** ENHOL CABLE: TOSOCO IIcOMVgMTIOIIAL/COWTAIiI" SOOKMO UHfc *****08 1 H WMWM TO W»>AWAK I II VESSEL lltT
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  • Page 45 Advertisements
    • 56 45 —j I The Efcarßve Housekeeper -this hotel I O vvttj, I I wants >s me. Bob I'll never neglect L_ Any Job. Any career. AVAILABLE ANY DAY. Any Time, anywhere. The Straits Times The Sunday Times business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS SC-"A
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    • 22 45 (cw'Jl EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE m Business Times we atom Am
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  • Page 45 Miscellaneous
    • 734 45 TODAY'S TIDES (heitfit in metres) HOIK 0000 0100 0200 0300 0400 0500 MOO 0700 0«00 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 ft 26 30 3.1 29 25 18 12 08 06 05 06 09 14 19 2 1 2.2 22 19
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  • Page 46 Advertisements
    • 547 46 Bwood line SOUIKM MMCM SERWCt STOR€ PI D6W CI •VINT* ***** 3/5 22/5 29/5 7/6 •AISO CALLS IX. AND PX. gratis; ■jfjft, SECIL MARITIMA, U.E.E. Luanda, Angola. FAR EAST/ ANGOLA SERVICE SPORE LOADING FOR: SECI NAMBIA SM 932 17/5 NAMK. LOMTO. LUANDA •ACCEPTM6 CONTAINERS SOC i COC •ALSO CALLS OTHER
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    • 249 46 J EES FREIGHT SERVICES PTE LTDI lilir-T-73 #01-60 Wallich Building, Singapore 0207 A■■ 3 3CI Tel: *****66 (10 Unes) Fax: *****69/*****44 AIRPORT OFFICE: *****11 *****13 (FAX) I IMPORTING FROM USA I I WE PROVIDE WEEKLY SAILINGS WITH I FAST TRANSIT TIMES AND LOW INLAND RATES I ENQUIRIES: I CONTAINER LINE,
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    • 627 46 Ilz— V lI^^CROSSWATER I KM) OFFICE: 291 SOJWGOON N>. #01-110 SOUMOON UK S(0C1) I whsf fi. #oi-ff. comma frekmt station. m *****05 WEEKLY LCL CONSOLIDATION BANGKOK USSI9.OO/W/M ALL IN IBUSAN U5529.00/W/M ALL IN IFREMANTLE U5555.00/W/M ALL IN HAMBURG U8555.00/W/M ALL IN IKEELUNG U5525.00/W/M ALL IN I MELBOURNE U5555.00/W/M ALL IN
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    • 343 46 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73 Telex: ***** WGATE NEXT VESSEL CONSOLIDATION TO I BOM/KAR/MAD 3/5 K EELUNG -M/ 4 COLOMBO 3/5 HONG KONG 3/5 p: PORT LOUIS 6/5 KAOHSIUNG 1/5 CHITTAGONG 28/4 BANGKOK 28/4 CALCUTTA —30/4 PKG/PEN 1/5 PIRAEUS —29/4 JAKARTA 3/5 BANGLADESH SHIPPING CORPN. I
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  • Page 47 Advertisements
    • 788 47 ▲HYUNDAI I j MERCHANT MARINE CO. LTD^I WESTBOUND TO EUROPE KSSQS <0Y mil WE PSD VESSELS »OY_ S« RIM MIT* LEW HAM BRE| FEL_ HMM ADVANCE 15A 27/04 2S/04 29/04 SI MARKER 304* 02/05 21/05 22/05 23/05 23/05 23/05 25/05 MM ADVANCE ISA 04/05 05/05 06/05 H. EXPLORER 305W 09/05
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    • 588 47 II STRAITS/ JAPAN/ STRAITS SERVICE 111 I SPECIALIST IN RO-RO HEAVY UFTS I 111 IMBOHIID VESSELS 111 II —I NT SP H u I I I I ASM ojppu ISI mm- M a I I |mt mi 3 a» »T I I 111 MUM KtM lis W/4 MM SL» 1
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    • 970 47 OUR USA [g*= p lis. i 1" rrri« p pr service calls ■mm mm it;« i 5- limt it-a/M u/« H/e n/» n/w ai nne> SINGAPORE ■MM MM Km |175" 1U(1 IMt/O n/W IMS IMS HM IMS ZJM HM DIRECT EVERY i imana wciaiT rum im/«s »m km ttm km
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  • Page 48 Advertisements
    • 118 48 Mir% Mil J JLt" j y/s/s/s/s/sssssxs^ss/s/ssssssssssssssssssssssssssssss>77>>. Primary Duties: |j Monitor the market for the Company's dry [g| bulkers and tankers YA Liaise with Management to form the Va Company's charter-in/out position Market die company's service to prospect- [zj five charterers Kj Recommend purchase and sale of vessels based on research
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    • 44 48 e MiiWtfil Fly Finnair's new Business Class to Europe. 1 Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
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