The Business Times, 11 April 1995

Total Pages: 46
1 46 The Business Times
  • 13 1 Business Times MITA(P) 194/12/94 Tuesday April 11 1995 WE KNOW ASIA 85 c
    13 words
  • 2am LATEST
    • 51 1 Reuter NEW YORK Blue chip stocks edged higher yesterday as high technology shares rose. At 1 pm EDT, the Dow Jones industrial average was up 2.42 points at 4,195.04. In the broader market, declines led advances in moderate trading of 142 million shares on the NYSE.
      Reuter  -  51 words
    • 55 1 Bloomberg Business News LONDON Eurotunnel yesterday said it might fail this year if it can't generate enough revenue from a make-or-break summer season to service its £8.1 billion (SslB billion) of debt. It has until September to prove it can generate the revenue to start paying
      Bloomberg Business News  -  55 words
  • 170 1 Stock market indices Monday Change STII 2.064.66 -9.09 KLSEComp 956.03 -11.26 Nikkei 16.163.09 +443.59 Hang Seng 8.469.78 -0.50 SET Index 1.180.53 +3.49 JakartaComp 426.12 -2.87 Manila Comp 2.471.15 +27.85 Taipei WP1 6.528.98 -23.51 Seoul Comp 899.41 -9.48 Bombay BSE30 ..3.464.76 -7.30 CLSA China B 817.82 -4.90 Aust All
    170 words
  • 126 1 SINGAPORE The ailing US dollar continued to weigh on regional stock markets yesterday. The Straits Times Industrials Index here drifted on low volume to end the day 9.09 points down at 2.064.66. Malaysian stocks were also hurt, with the Kuala Lumpur Composite Index dropping 11.26
    126 words
  • 483 1  -  US dollar sinks as low as 80.22 yen in Tokyo trading By Anthony Rowley, Neil Behrmann JAPANESE Finance Minister Masayoshi Takemura suggested yesterday that Japan might be in favour of abandoning the global system of floating exchange rates if international policy
    Source: Bloomberg  -  483 words
  • 109 1 SINGAPORE The local dollar set two records in the currency market yesterday a high and a low. It breached psychological resistance at 551.40 for the first time to end at S$U9BO against the US dollar. But against the Japanese yen, it finished at
    109 words
  • 443 1  -  By Ven Sreenivasan SINGAPORE The Singapore government is prepared to agree that its pathologists examine the exhumed remains of murdered Filipino maid Delia Maga provided that this is done together with three foreign forensic experts of international repute. In a statement
    443 words
  • 440 1  -  From Al Labita PRESIDENT Fidel Ramos yesterday fired an ambassador and suspended eight diplomats, but fell short of breaking ties with Singapore over the hanging of Filipina maid Flor Contemplacion. The decision came four days after a commission reported to Mr Ramos that
    440 words
  • 536 1  -  By Conrad Raj SINGAPORE Former biscuit king Rajan Pillai faces up to 14 years in jail after the District Court yesterday found him guilty on 23 counts of criminal breach of trust and one of cheating. Pillai, 47. the former managing director
    536 words
  • 268 1 Bloomberg Business News BEIJING China will spend US$BOO billion (SSI.I trillion) on imports between 1996 and 2000. targetting slower economic growth and faster technological progress in its ninth Five-Year Plan. Vice-Minister of the State Planning Commission Ye Qing yesterday said the plan, which is being
    Bloomberg Business News  -  268 words
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    • 31 1 Hock lx>ck Siew: p* 17 Time for Sri Lankan equities Rupiah recovers, Pg 3 G-10 seeks ways to head off crises, Pg 16 Findings totally absurd, says S'pore govt, Pg 2
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 297 2  -  By Ven Sreenivasan THE European Union is Singapore's third-largest export market, accounting for about 13 per cent of the country's total exports. Last year, Singapore's exports to EU countries totalled $19.1 billion, of which half went to Germany and the United Kingdom. Domestic
        Source: TDB  -  297 words
    • 384 2  -  By Michelle Low SWISS pharmaceutical giant Roche is eyeing Operational Headquarters (OHQ) Status in Singapore as it prepares to make the Republic a regional hub for its Asia-Pacific operations. Roche Singapore's managing director Koh Choon Hui told Business Times yesterday that
      384 words
    • 533 2 Second fastest in Asia after China, for third year in a row SINGAPORE'S economy will grow 9.2 per cent this year, the second fastest pace in Asia, according to a forecast by Crosby Research. It will trail China's economy, which is projected to grow
      533 words
    • 581 2  -  The Contemplacion case By Ven Sreenivasan THE Singapore government has rejected as "totally absurd" the findings of the Philippine Presidential Commission, among them that hanged Filipino maid Flor Contemplacion was "the victim of grave injustice". In a statement released yesterday, it
      581 words
    • 415 2  -  By Chuang Peck Ming EUROPEAN investment in Singapore's manufacturing sector is likely to exceed $1 billion for the first time this year. Trade and Industry Minister Yeo Cheow Tong said yesterday. European investors were showing greater interest in Singapore, said
      415 words
    • 188 2 SINGAPORE has deferred its request for a dispute settlement panel to be formed under the World Trade Organisation umbrella to examine Malaysia's import restrictions on various petrochemical products. The move follows Malaysia's decision to modify its import licensing scheme for polyethylene and polypropylene.
      188 words
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  • SOUTH-EAST ASIA
    • 425 3 Reuter JAKARTA Indonesia's rupiah recovered from a plunge against the US dollar yesterday after the central bank showed its hand. However, analysts said the country's huge foreign debt would keep up pressure on the currency, even before talk of a possible
      Reuter  -  425 words
    • 224 3 ELECTIONS Bernama KUALA LIPIS, Pahang Malaysian Deputy Prime Minister Anwar Ibrahim wants the National Front component parties to take the contests in the coming general election seriously even in NF strongholds. He said full emphasis should be given to all areas
      Bernama  -  224 words
    • ELECTION SNIPPETS
      • 71 3 Bernama KUALA LUMPUR A total of 534,991 first-timers are expected to vote in the April 24-25 general election. Election Commission (SPR) chairman Harun Din said the new voters were aged 21 to 24. The total number of registered voters is 9,012,370. He said the SPR hopes
        Bernama  -  71 words
      • 72 3 Bernama SHAH ALAM Political parties wishing to record political talks over radio can send representatives if they so wished, the Parliamentary Secretary to the Information Ministry, Fauzi Abdul Rahman, said yesterday. He said Radio Television Malaysia (RTM) would not stipulate that only party heads
        Bernama  -  72 words
      • 57 3 Bernama KOTA BAHARU PAS will field nine new faces for state and parliamentary constituencies in Kelantan, chief minister Nik Abdul Aziz Nik Mat said yesterday. Their names would be announced on nomination day this Saturday. He said PAS was expected to contest 27 state
        Bernama  -  57 words
      • 49 3 Bernama KUALA LUMPUR Gerakan will contest in one more parliamentary and four state seats, with candidates comprising professionals, businessmen and grassroots leaders. This brings the total number of seats allocated to the party for fighting to 10 parliamentary and 27 state constituencies. Bernama
        Bernama  -  49 words
    • 221 3 AFP SINGAPORE A high-level Asia-Pacific Economic Cooperation (Apec) panel held informal talks here yesterday to help liberalise the environment for investments in the region. Chaired by South Korea, the Apec Committee on Trade and Investment (CTI) met ahead of a two-day special senior
      AFP  -  221 words
    • 312 3 AFP, Reuter MANILA Preliminary estimates show that the Philippine economy grew by at least 4.8 per cent in the first quarter of 1995, sources at the National Economic Development Authority (NEDA) said here yesterday. This would be equal to the
      AFP,; Reuter; AFP  -  312 words
    • 162 3 Reuter JAKARTA Indonesia's military yesterday denied reports it had killed civilians near a giant copper mine in remote Irian Jaya but confirmed there had been clashes with members of a separatist movement in the province. Overseas groups say up to -37 people
      Reuter  -  162 words
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  • CHINA/HONGKONG/TAIWAN
    • 400 4 Reuter BEIJING China will try to curb its urban unemployment rate in 1995 to 3 per cent or 5.1 million people, numbers possibly swollen by workers laid off by state-owned enterprises forced to sink or swim in a market economy. Politburo
      Reuter  -  400 words
    • CHINA WATCH
      • 59 4 AFP BEIJING China will let foreign copyright organisations open offices in China in order to strengthen the fight against intellectual property violations. The official Xinhua news agency yesterday quoted the spokesman of a national meeting on copyright protection as saying: "This will better safeguard foreigners'
        AFP  -  59 words
      • 49 4 Reuter TAIPEI Taiwan has approved 49 more items for import from China, bringing the total to 2,272 items. An official at the Board of Foreign Trade, Hsu Wen Lung, yesterday said: "We will open more import items according to industry's demand." Reuter
        Reuter  -  49 words
      • 76 4 AFP BEIJING Chinese informants can earn up to one year's salary as a reward for denouncing a senior official for corruption. The Legal Daily yesterday said eight people who reported cases of corruption and economic irregularities were officially rewarded last week by provincial authorities in Hubei,
        AFP  -  76 words
      • 74 4 AFP BEIJING The central People's Bank of China will keep money supply growth within 25 per cent this year in a bid to control rampant inflation. The bank's vice-governor Chen Yuan yesterday said: "Inflation has become a prominent problem in the current operations of China's economy
        AFP  -  74 words
    • 269 4 Reuter TAIPEI Taiwan's economics ministry says listed firms must not invest more than 40 per cent of their paid-up capital in China. "Minister Chiang Pin Kung has just granted approval on this proposal, regulating listed firms to invest in China
      Reuter  -  269 words
    • 58 4 Reuter BEIJING Chinese politburo member Li Tieying (right and former Canadian Premier Brian Mulroney looking through Mr Li's speech yesterday after he opened a two-day business conference at a Beijing hotel. The summit, involving Chinese leaders and international business, offers a chance for both sides to gauge
      Reuter  -  58 words
    • 294 4 Bernama-Xinhua HONGKONG International media heavyweights are stepping up their presence in Hongkong as 1997 approaches. The South China Morning Post yesterday reported that top American newspapers, the A'fw York Times, the Washington Post and USA Today had recently established their bureaus in
      Bernama-Xinhua  -  294 words
    • 258 4 AFP BEIJING Industrial inefficiency is draining China's energy resources and seriously threatening the sustainability of economic growth, Vice-Min-ister of the State Planning Commission Ye Qing warned yesterday. While lauding the pace of economic expansion. Mr Ye said an overemphasis on increasing output and
      AFP  -  258 words
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  • REST OF ASIA
    • ASIA NOTES
      • 46 6 AFP SEOUL Vietnam favours South Korea's state-run Pohang Iron and Steel Co as its partner for an integrated steel mill, Ngo Huy Phan, head of the Vietnam Steel Corporation (VSC), said in an interview published yesterday in Seoul's Economic Daily. AFP
        AFP  -  46 words
      • 74 6 AFP SEOUL A ranking US senator warned North Korea yesterday that it must accept South Korean reactors under its nuclear accord with Washington, and any attempt to restart a frozen nuclear facility would cancel the deal. Senator Charles Robb of the Senate foreign affairs, armed
        AFP  -  74 words
      • 56 6 AFP NEW DELHI A nuclear reactor that Pakistan recently admitted building could increase the country's atomic weapons capability, India Foreign Minister Pranab Mukherjee said. "The building of the reactor confirms our apprehensions that the Nuclear Non-Proliferation Treaty has failed to check the clandestine transfer of
        AFP  -  56 words
      • 92 6 AFP BOMBAY Twenty-six people charged in connection with the March 1993 Bombay bombings which left more than 300 people dead were freed yesterday for lack of evidence. Judge Jai Narayan Patel, who is presiding over the largest trial in Indian history, ordered the release
        AFP  -  92 words
    • 425 6 Reuter NEW DELHI A group of powerful Indian industrialists has called for new taxes on fuel to help pay for badly needed roads but the government said fresh levies would spur inflation. India's roads have been unable to
      Reuter  -  425 words
    • 406 6 Reuter TOKYO Japan, forced by the 1993 Gatt deal to open up its highly-protected rice market. is unlikely to begin substantial rice imports until later this year, Japanese officials said. Agriculture Ministry officials said a bumper rice crop in 1994 and
      Reuter  -  406 words
    • 199 6 Knight-Ridder TOKYO Finance Minister Masayoshi Takemura said yesterday he expects Yukio Aoshima. the newly elected governor of Tokyo, to make the right decision on a bailout scheme for two financially-troubled credit cooperatives. Mr Takemura, speaking after a meeting of Cabinet members and coalition
      Knight-Ridder  -  199 words
    • 315 6 AP NEW DELHI Former Indian Prime Minister Morarji Desai. who helped embed a multiparty system in the world's largest democracy, died yesterday. He was 99. Mr Desai, who had been hospitalised for several weeks and recently underwent brain surgery died at Jaslok Hospital in Bombay,
      AP; Reuter  -  315 words
    • 284 6 Reuter TOKYO The head of the International Atomic Energy Agency (lAEA) said yesterday that private terrorist groups are less of a threat in terms of proliferation of nuclear weapons than politically unstable nations. Sophisticated technology and the huge funds needed to
      Reuter  -  284 words
    • 485 6 Another record in arrivals expected as peace takes tentative hold Reuter. COLOMBO Prospects of a durable peace this year between the government and Tamil rebels have brought more tourists to Sri Lanka, and industry officials say they are anticipating another record year. "Tourism is
      Reuter.  -  485 words
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  • THE WORLD
    • WORLD WATCH
      • 70 8 Reuter HAVANA Cuban President Fidel Castro (right) being presented with a plaque and a diploma on Sunday confirming that Cuba is free of the disease poliomyelitis in the Palace of the Revolution. Presenting the award are Mirta Rosses (left) co-ordinator of the pan-American Health Organisation and Miguel
        Reuter  -  70 words
      • 108 8 AP PARIS Striking Air Inter flight crews took over a runway outside Paris and postal workers invaded a sorting centre on the French Riviera yesterday in a growing wave of walkouts ahead of the presidential election. More transport and banking strikes were planned later in
        AP  -  108 words
      • 125 8 Bloomberg Business News LONDON UK factory gate prices continued to climb in March, prompting concern that interest rates will need to rise again in the next two months to prevent inflation picking up at the retail level, analysts said yesterday. The Bank of England's preferred
        Bloomberg Business News  -  125 words
      • 73 8 Knight-Ridder TOKYO Canadian Finance Minister Paul Martin yesterday said the country's budget deficit target of C 532.7 billion (5532.7 billion) in fiscal 1995-96 (April-March) and C 524.3 billion in fiscal 1996-97 will be met. Mr Martin, speaking at a Canadian Chamber of Commerce luncheon here,
        Knight-Ridder  -  73 words
      • 89 8 AFP LONDON France's troubled state-owned bank Credit Lyonnais is to close some of its 786 branches in Europe over the next two or three years. Bank president Jean Peyrelevade told the Financial Times yesterday that branches in Spain and Portugal would be the most
        AFP  -  89 words
    • 242 8 Reuter GENEVA The World Trade Organisation set its trade-dispute machinery in motion for the first time yesterday, creating a panel to rule on a row between Venezuela and the United States over US petrol imports, a spokesman said. The panel was created
      Reuter  -  242 words
    • 500 8 AFP LONDON Prime Minister John Major's Conservative Party sank into further disarray yesterday as yet another sex seandal involving a government member was followed by accusations that a minister pimped for the Saudi royal family. Richard Spring, 48, resigned from his
      AFP  -  500 words
    • 397 8 Reuter LIMA, Peru President Alberto Fujimori's landslide reelection on Sunday will allow a deepening of free market reforms and set the stage for further economic growth in Peru, economists said. But the government must begin to make real gains against poverty and joblessness if Peru
      Reuter; AFP  -  397 words
    • 275 8 AP SUVA, Fiji Worried by the vulnerability of their delicate sea and island environment, tiny South Pacific nations have drafted a treaty to ban chemical and other hazardous waste from being dumped in or transported through the region. The draft convention
      AP  -  275 words
    • 454 8 AP TORONTO The independence movement in Quebec has run out of steam. After six months in power in the French-speaking province. Quebec's separatist government has failed to convince most people that they would be better oft in an independent country. Premier Jacques Parizeau,
      AP  -  454 words
    • 343 8 UK financial services firms 9 confidence rises as profits grow: survey Bloomberg Business News LONDON Business confidence among British financial service companies rose for the lOth consecutive quarter as profitability continued to climb in the year through March. A survey by the Confederation of British Industry and the Coopers Lybrand
      Bloomberg Business News  -  343 words
    • 396 8 AP WASHINGTON Vice-Pres-ident Al Gore says the United States will not pull back from its programme to help Russia dismantle its nuclear warheads as it presses Moscow to abandon its plans to sell nuclear reactor technology to Iran. US unhappiness over
      AP  -  396 words
    • 156 8 AP PERTH Old people worldwide are falling ill partly because free market economies promote the breakdown of the family, the head of the World Health Organisation says. Hiroshi Nakajima yesterday called for research to improve the quality of life of hundreds of
      AP  -  156 words
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  • SPORTS
    • 921 9 US Masters UPI AUGUSTA, Georgia The rules of golf allow a player to compete with no more than 14 clubs. Ben Crenshaw ignored those rules on Sunday and in so doing claimed perhaps the most emotional victory in the 59-year history of the
      UPI; Reuter  -  921 words
    • 699 9  -  Finishing third, the Australian's haunted by yet another bad shot at a bad time, writes Dave Anderson Dave Anderson NYT AUGUSTA, Georgia Out on Augusta National's front nine, Greg Norman had birdied the 180-yard sixth hole to go nine under par for the Masters,
      NYT  -  699 words
    • PUTTING SHOTS
      • 94 9 TIGER WOODS (right) closed his successful week with a llourish. birdieing three of the final four holes for a round of 72 and a total of five-over-par 293. He was the only amateur to make the cut and picked up a sterling silver cup. but that
        94 words
      • 199 9 AP JACK NICKLAUS was a frustrated six-time ehampion when he completed his 37th Masters on Sunday. "It's a little disappointing to know that your ability is still there to play it and you can't make it happen." Nicklaus said after finishing well back in the pack
        AP  -  199 words
      • 114 9 AFP WEEK after week since January. Davis Love had chased one golf title the Masters. After finally squeezing into the Augusta National field with a tournament win in New Orleans two Sundays ago. he showed the effort had been worth his while. Love didn't walk away with
        AFP  -  114 words
      • 96 9 AP THERE were 30 eagles and 869 birdies during the four rounds. Ben Crenshaw had none of the eagles but his 19 birdies tied the tournament best along with Jay Haas. Ered Couples, Jumbo Ozaki and Dan Eorsman. Phil Mickelson had the most eagles three. Couples,
        AP  -  96 words
      • 91 9 AP SEVENTEEN shots separated the best and worst scores in the final round the 66 by Davis Love and the 83 by Rick Fehr. Only five other players had scores in the 60s Ben Crenshaw. Greg Norman and Bob Estes with 68s and Ken Perry
        AP  -  91 words
    • SIDE LINES
      • 135 9 AP BUENOS AIRES, Argentina Benetton/Renault's Johnny Herbert (from left to right), Ligier/Honda's Oliver Panis, Ferrari/SpA's Jean Alesi and Minardi/Ford's Luca Badoer crashing during the start of the Argentine Formula One Grand Prix on Sunday. Britain's Damon Hill beat out Alesi's Ferrari and the Benetton of
        AP  -  135 words
      • 69 9 AP ST JOHN'S, Antigua Australia's bowlers triggered a West Indies collapse from 168 for two to 260 all out, leaving the hosts with a 44-run first-innings lead after the second day of their second test on Sunday. Australia, who made 216 in their first
        AP  -  69 words
      • 90 9 AFP LAS VEGAS, Nevada Oliver McCall, who kept his world heavyweight boxing crown by beating Larry Holmes here on Saturday, is more worried about Frank Bruno than Mike Tyson. McCall has good reasons millions of them. They are the dollars he stands to make from
        AFP  -  90 words
      • 99 9 AFP PORTLAND, Oregon Charles Barkley enjoyed a winning effort, a post-game golf telecast and a hearty pre-game meal with reporters on Sunday, but Michael Jordan was left with nothing but the bitter taste of defeat. Barkley scored 24 points to lead the Phoenix Suns
        AFP  -  99 words
      • 79 9 Reuter LONG BEACH, California Al Unser Jr continued his tradition of domination at the Long Beach IndyCar Grand Prix on Sunday by winning the street race for the sixth time in the last eight years. The 32-year-old IndyCar series defending champion, who has earned the
        Reuter  -  79 words
    • 472 9 America's Cup NYT SAN DIEGO. California Like any good secret, the most tantalising part is in finding out. Such was the case on Sunday when the five finalists for the America's Cup lifted the skirts on their multi-million-dollar yachts. Underneath were appendages that
      NYT; Reuter  -  472 words
    • SCORE CARD
      • Article, Illustration
        215 9 NEW YORK NBA Sunday: Cleveland 79 Chicago 78: Milwaukee 102 Atlanta 99; Washington 98 Boston NO; Indiana 97 Charlotte 68; Portland 94 Phoenix 104; LA Lakers 87 San Antonio 101. Standings (W I. Pet GB; xclinched playoff berth) Kastern Conference. Atlantic Division: I xOrlando 54 21 .720 2 x-NY
        215 words
      • Article, Illustration
        189 9 AL'GI S I A, (rtttrgM 1995 Masters final round Sunday (LS unless stated, a denotes amateur): 274 Ben Crenshaw 70-67-69-68 275 Davis Love 69-69-71-66 277 Greg Norman (Aust) 73-68-68-68. Jay Haas 71-64-72-70 279 Steve Elkington (Aust) 73-67-67-72. David Frost (SA) 66-71-71-71 280 Phil Mickelson 66-71-70-73. Scott Hoch 69-67-71-73 281
        189 words
      • Article, Illustration
        92 9 I.ONG BKACH, California lx>ng Bcach Grand Prix IndyCar race Sunday 1 Al Unser Jr. (US) Penske Mercedes-Benz. 105 laps, average speed 91.442 mph (147.157 kph). margin of victory 23.125 seconds 2 Scott Pruett (US) Lola Ford-Cos-worth. 105 laps completed 3 Teo 1 abi (Ita) Reynard-ford Cosworth. 105 laps
        92 words
      • Article, Illustration
        51 9 AMELIA ISLAND, Florida L *****.000 Bausch Ixmib women's Championships final Sunday: 1 Conchita Martinez (Spn) b 2-Ga-bnela Sabatini (Arg) £l 6-4. Doubles: 2-Amanda Coctzer/lncs Gorrochatcgui (SA/Arg) b I-Nicole Arendt/Manon Bollegraf (US/Neth) 6-2 3-6 6-2. LISBON L *****.000 Estoril Open final Sunday: 3-Thomas Muster (Aus) b Alberto Costa (Spn) 6-4
        51 words

  • PROPERTY & CONSTRUCTION
    • 830 10  -  1995 offers bright spots in some sectors, Ruth Wong reports Ruth Wong THE Malaysian property sector may have seen one of its best years in 1994 but this year is not short of its own promises either. The foundation built up last year such as the strong
      830 words
    • 1000 11  -  The new kid on the block has 10 projects lined up, writes Lilian Ang Lilian Ang LISTED Guthrie GTS, which plans to close down its construction business this year, has lined up more than 10 property projects as part of a larger plan
      1,000 words
    • Article, Illustration
      308 11 •elected transactions n the past week t i gg&on W 1 T "ST.*" PRIVATE Apr 3,1995 1543 Rose Garden Apartment_2+1 1130 I FH 555,000 491 Apr 3,1995 1027 Ridgewood Condo3 1367 j L999 I 920,000 j 673 Apr 3,1995 1852 Melville Park Condo2 936 T L99 505,000 j
      308 words
  • Page 10 Advertisements
    • 225 10 District 10-Stevens Anderson Road PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER i Vv STY Large land area of 70,958 sq ft •pwetree\\ Potential residential plot ratio of 1.6,10 storeys Ideal for condominium redevelopment Double frontages /Jv Proximity to Orchard Road/CBD Excellent accessibility and convenient to amenities j shangr
      225 words

  • Page 11 Advertisements
    • 86 11 PRIME DEVELOPMENT SITE AT KAMPONG BAHRU ROAD FOR SALE BY TENDER a Located close to the CBD and the World Trade Centre/ Expo Gateway Land Area of 1,182 sm (Approx. 12,723 sf) Q Freehold Provisional Permission for a 9-storey apartment block Rot ratio of 2.1 Tender closes on Friday, 28
      86 words
    • 393 11 become/a/XX W 25 BLIGH ST SYDNEY CBD A firm foothold in the prime financial precinct. Situated opposite The Sheraton Wentworth Hotel. 25 Bligh Street is in the precinct of Chifley Square. No I O'Connell Street and Governor Phillip Tower. of office accommodation W and other services amount to a total
      393 words

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    • 282 12 s|P|L 8 EXOTIC CUISINES FOR JUST ONE PRICE. Ojafe $16.80 for lunch. Or $19.80 for dinner. To foffIVUSU J4 hour co//<v houit get a seat, we advise you to call 737 2911 tVARDH(rTEL Ext 2868 early for a reservation. Mounted Prices subiecl to 10% service charge. 1% cess 3% GST
      282 words
    • 318 12 r Happy ,H°urs Ith The 80s. N ow Than Ever Free How of draught beer $15 from Mondays to Fridays at 6pm Bpm One for one standard drinks 20% off bottle purchases Ladies Night every Monday Tuesday *$6 for standard drinks Fashion Show every Tuesday at 8 45pm Ist drink
      318 words
    • 374 12 Celebrating Fish Let s drink to fish. Bouillabaisse or Tom Yam? Top of the m celebrates fish with a lunch buffet of every imaginable fish recipe. Salmon, sole. iQp snapper, sea bass... if it can be caught, it can be o|m£ cooked And we know all the delicious ways. Hrt
      374 words

  • LIFESTYLE
    • 730 13  -  Rossini's Barber of Seville is Italian comic opera at its best. Tan Su Ling reports Tan Su Ling WHAT is your idea of a great night out? Whatever it is, it must involve good food and great entertainment. An evening at the opera
      730 words
    • CHATTER BOX
      • 274 13 AP AP AP UPI SIEVE .Martin, Dan Akroyd and Phil Hartman are remaking Sgt Bilko. Martin will play the title character made popular in the 1950s sitcom You'll Never Gel Rich, starring Phil Silvers. The show's title was later changed to The Phil Silvers
        AP; UPI  -  274 words
  • Page 13 Advertisements
    • 405 13 WHERE TO WINE, OINE AND ENTERTAIN lijstov posters oid e English Eating House I 277 Orchard Rd #02-38 Specialists' Centre S (0923) 11 When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat, show us your valid fl I daily or monthly CBD pass $2/-
      405 words
    • 32 13 m BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Wednesday Ladies Nite, Swimwear Fashion Show (Ladies! Free fbw of drink. House pouring brands). Singapore 1130 356 11
      32 words
    • 17 13 Didn't you know? I read it in Catch Cats' Maws in Sunday Classifisd this weekend. CAT A
      17 words
  • Page 13 Miscellaneous
    • 1103 13 Don Johnson. Susan Sarandon Survival: 9pm, Ch 12. The honey badger, which lives in and Jeff Daniels. Kenya, is reputed to be the most aggressive animal in Africa rh*nMl 19 830 Children's Music World. 9.00 Sandiwara Semasa. JFI' m—■■ 9.00 Voftron, Defender of the 10.00 Dunia Jam 10. 11.00 AM
      1,103 words

  • 539 14 TSffflBB WHERE inflationary fears are easily stoked up, as is the case in Jakarta, state price controls often do not help. This was displayed early last week when the government announced that cement prices would be raised by 40 per cent. Almost immediately there were
    539 words
  • W
    • 333 14 The Straits Times April 10 IT WOULD BE little short of a crime against humanity if the tremendous prospect of prosperity through multilateral trading were to be scuttled because of the American obsession with linking trade with labour standards. A distinction must be drawn in
      The Straits Times April 10  -  333 words
    • 102 14  -  Berita Harian AS POLITICAL leaders are expected to display entrepreneurial skills, so are top civil servants. The civil service has been the stimulus to Singapore's rapid industrialisation and the emergence of its corporate sector. Top civil servants are still on loan to govern-ment-linked companies and
      102 words
    • 95 14  -  Lianhe Zaobao MALAYSIA has obtained results in terms of economic growth and community development. The standard of living of Malays has also improved considerably. Thus, the importance of the racial factor in Malaysian politics is in turn reduced. The most important thing in this
      95 words
    • 127 14 New Straits Times April 10 PROVISION OF health care has always been a major indicator of Malaysia's developmental success. Hence the rush to eliminate polio by 2000. While the economic thrust continues to be paramount in the country's list of priorities, this importance is there
      New Straits Times April 10  -  127 words
    • 170 14 Sooth China Morning Post April 8 THE GOVERNMENT is to introduce a bill to protect individuals from the arbitrary abuse of their personal data. This is a case of better late than never some advanced nations have had similar legislation for two decades. It is not that the
      Sooth China Morning Post April 8  -  170 words
    • 146 14 Thailand's Business Day April 8 JAPAN should reconsider its decision not to participate in formation discussions of the East Asian Economic Caucus (EAEC). There is a need for greater cooperation among East Asian economies, and EAEC promises to bring the cooperative process faster and with more substance
      Thailand's Business Day April 8  -  146 words
  • 1183 14  -  Peter Lynch looks at what's at stake in the dynastic battle between the sons and heirs of two of the world's biggest media giants Peter Lynch The writer is a Sydney-based journalist who contributed this article to BT WHEN Australia's greatest rugby stars were summoned to
    1,183 words
  • Page 14 Advertisements
    • 259 14 memm IN-DEPTH IH BUSINESS tasH NEWS FROM 103 SINGAPORE PERSPECTIVE I or over two decades Singapore I Business has covered the local and regional business scenes with more depth J occupation: and breadth from a perspective which is J company J more relevant to local businessmen than d** Age any
      259 words
  • Page 14 Miscellaneous
    • 71 14 Cft WHO'S OF n FupGe to rne big Bad uolf?jz>) see You in his office. J per once: Y DOONESBURY GARRY TRUDEAU W FRAN&SCA. OOMBAMI 1 SCS/fISS, KXJARB ThBHtGHUAy, IF THAVSHJHAT ~Z^~ T mujrmMt! CQMemHMe I TtenoAP. songurm vou rouujmr, I'll mj ru, never anpul TOem¥WAM6,KAUAISNn. I OUOULVKJU-TheMLP,MAGNh KSet&mZTO BOB&rr
      71 words

  • ANALYSIS
    • 1780 15  -  So long as Penang can continue to offer a competitive economic advantage the investments will keep coming in, managers in the Malaysian state's industrial zone tell Kenneth James Kenneth James THE new expressway fronting the latest phase of the Bayan Lepas Industrial Zone, usually
      1,780 words
    • 954 15 TWO years ago. Quantum Peripherals, the world leader last year in number of disk drives shipped, chose to site its worldwide customer service group in Penang. The facility repairs and trouble-shoots all Quantum's faulty drives, and has replaced similar operations in the US, Germany and Singapore.
      954 words
    • 42 15 IN the table accompanying our March 30 article headlined "Electing for high-tech economic expansion", the figures on the size of Penang's manufacturing and construction sector were transposed with those for trade and services. We are sorry for the error.
      42 words
  • Page 15 Advertisements
    • 127 15 lOF SWimRLAND WITH IBICO, PRESENTATIONS ARE BOUND FOR SUCCESS Ensure the success of your presentations with IBICO. The professional binding system that's highly flexible, durable and user-friendly. To avoid being caught in a bind, select from these models: The Personal Binder-A portable and easy to use binder that offers two
      127 words

  • 573 16 Beijing must play by rules of international trade, says Garten UPI, AFP, Reuter BEIJING US Undersecretary of Commerce Jeffrey Garten yesterday scuttled China's hopes for a speedy entry into the World Trade Organisation (WTO) by insisting on greater market access and an
    UPI,; AFP,; Reuter; AFP  -  573 words
  • 349 16 AFP TAIPEI Taiwan is prepared, for the first time ever, to discuss sovereignty and other sensitive issues with its arch rival China following President Lee Teng-hui's groundbreaking speech over the weekend. Vincent Siew, chairman of Taiwan's cabinet-level Mainland Affairs Council
    AFP  -  349 words
  • 91 16 AP DHAKA Stores closed and traffic halted for the second straight day yesterday as opposition parties enforced a nationwide general strike in Bangladesh. While the first strike on Sunday hit only five major cities, it expanded yesterday to more than 60 cities and towns across the country.
    AP  -  91 words
  • 356 16 AFP. Reuter BASEL, Switzerland Central bank governors of the Group of 10 discussed possible preventive measures for warning off international liquidity crises of the sort recently experienced by Mexico, Bundesbank president Hans Tietmeyer said yesterday. He said after a governors' meeting
    AFP.; Reuter  -  356 words
  • 420 16 Bloomberg Business News LONDON Leading Western shareholder governments of the European Bank for Reconstruction and Development (EBRD) yesterday responded with a mixture of caution and enthusiasm to calls for a capital increase. European political leaders expressed support for the bank
    Bloomberg Business News  -  420 words
  • 193 16 AFP NEW DELHI India's consumer sector will be fully opened up in two years, despite objections from the increasingly vocal opposition. Commerce Secretary Tejendra Khanna said yesterday. Mr Khanna told a meeting of Indian businessmen and a Philippine business
    AFP  -  193 words
  • 627 16  -  The Bottom Line REGINALD DALE REGINALD DALE The writer is a columnist with the International Herald Tribune, where this commentary first appeared HAS the time come for a historic role reversal? Arc the East Asian countries, led by Japan, poised to take over
    627 words
  • 176 16 Reuter NEW DELHI The Indian government has threatened retaliation after an oppositionruled state seized edible oil stocks from a government-sup-ported agency last week, officials said. Gujarat officials raided warehouses of the National Dairy Development Board (NDDB) and took 18,000
    Reuter  -  176 words
  • Page 16 Advertisements
    • 53 16 ARTNERSHIP FORGED BY UNDERSTANDING PRIME RESIDENTIAL SITE/ENBLOC APARTMENTS J FOR SALE BY TENDER Large land area of 21,412 sq ft iTtfir M For development/rental income I 1 Potential plot ratio of 2.1, 20 «I 18 May 1995 at 12 noon Heng Mun, 228 6820; Lim Gntt Kiang, 228 6821; I
      53 words
    • 215 16 Distributor for Nitsuko Keyphone Systems A EPABX: SiNCfApORE SINGAPORE COMMUNICATIONS EQUIPMENT CO PTE LTD rei 270 7080 ■Every Call Is A Commitment! i Seminar on Goods and Services Tax JM Exports and International I Services I Is your business concerned with exports and international services? Does zero-rating on supplies of
      215 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        156 17  -  By Paul Leo Weak 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled Alliance. Barings. Credit Lyonnais Securities. Datwa. Fraser. OK Goh, Kay Hian. Morgan Orenfell. Ong Co. Nomura. Phillip. Smith New Court. H I
        156 words
    • 436 17  -  From Ruth Wong in KUALA LUMPUR THE Kuala Lumpur Stock Exchange (KLSE) will remove 15 component stocks in the benchmark Composite Index (CI) which "have not been performing in terms of market capitalisation and volume" and add 29 new
      436 words
    • 203 17 SINGAPORE Components maker CAM Mechatronic has denied rumours of an impending takeover bid by a Hongkong company. Responding to queries from the Stock Exchange of Singapore, the company also said in a statement that it had no plans at present to increase production of spindle
      203 words
    • 126 17 SINGAPORE Metal Containers Ltd (MCL) told the Stock Exchange of Singapore yesterday that its interim results were hurt by fixed costs incurred by its subsidiary Carlee Electronics (CE), which has since been sold. MCL said the increase in its net loss to $4.42
      126 words
    • 344 17 Bernama KUALA LUMPUR Shareholders of Multi-Purpose Holdings Bhd (MPHB) have been asked to approve the group's proposed restructuring scheme at its upcoming extraordinary general meeting. In a circular to shareholders on the proposed restructuring, its adviser, DCB Sakura Merchant Bankers Bhd, said the
      Bernama  -  344 words
    • 827 17  -  HOCK LOCK SIEW By Shiv Taneja SINGAPORE The Colombo Stock Exchange's All Share Index posted a pifTling one per cent growth in 1994, making it one of the worst performing emerging markets. But for investors looking for exposure to
      827 words
    • 278 17 MBT KUALA LUMPUR Damansara Realty Bhd (D Realty) is planning to bid for an independent power plant (IPP) project in the Philippines when the tender opens for bidding at the end of this month. Managing director Jaafar Abu Bakar yesterday said
      MBT  -  278 words
    • 205 17 SINGAPORE Berber International Ltd has signed an agreement with Dongguang Power and Chemical Industry to set up a new joint-venture company in Dongguang, China. The new company, which will be named Berger Paints (Dongguang) Co Ltd, is in the process
      205 words
    • COMPANIES
      • 611 18  -  Bank Internasional Indonesia beats 20 other listed ones By William Chia SINGAPORE PT Bank Internasional Indonesia (B11) has, for the second year running, retained its position as the most profitable listed bank in Indonesia. The flagship of the diversified Sinar
        611 words
      • 255 18 The Jakarta Post JAKARTA Bank Indonesia governor J Soedradjad Djiwandono said on Saturday that the plan by Bank Bumi Daya (BBD) and Bank Pembangunan Indonesia (Bapindo) to buy stakes in the heavily indebted Kanindotex Group faces no legal obstacles. He said the two
        The Jakarta Post  -  255 words
      • 397 18 MBT KUALA LUMPUR Seng Hup Electric Co Bhd has proposed a one-for-four bonus issue of five million MS 1 shares and a five-for-four rights issue of 25 million MSI shares at an issue price of Ms 2. The proposed bonus issue will
        MBT  -  397 words
      • COMPANY BRIEFS
        • 51 18 SINGAPORE Hsu Tse-Kwang has been appointed a director of United Overseas Insurance from yesterday. He had been Commissioner of Inland Revenue between 1970 and 1991 and was executive chairman of the Sembawang group between 1991 and 1994. He is still on the board of many
          51 words
        • 53 18 SINGAPORE Singatronics has proposed to increase the authorised share capital of the company from $50 million to $100 million by an issue of another 250 million ordinary shares of 20 cents each. A resolution for the increase will be tabled at its annual general meeting
          53 words
        • 75 18 SINGAPORE Bene Fashion Singapore Pte Ltd, a whollyowned subsidiary of Heshe, has increased its shareholding in the capital of its wholly-owned subsidiary in Taiwan, Bene Fashion (Taiwan) Ltd. The subscription costs NTS2O million (SSl.l million). The issued and paid-up capital of Bene Fashion (Taiwan) Ltd
          75 words
        • 62 18 SINGAPORE Enctech Technology, in which DBS Land has a 70 per cent stake, has sold its 39.2 per cent interest in Malaysian company, Enctech Engineering Sdn Bhd. The divestment is part of Enctech Group's restructuring. DBS Land said the transaction has no material
          62 words
        • 55 18 SINGAPORE HBM Print has entered into a subscription agreement with Handphone Connection in which the former undertakes to subscribe for an additional 208,333 ordinary shares of $1 each at 51.60 per share in the share capital of Call Electro-Mart. The company's equity of 33.33 per cent
          55 words
        • 29 18 SINGAPORE David Lawrence has been appointed executive director of Marco Polo Developments. He oversees the marketing, property investment and asset management of the company.
          29 words
        • 61 18 SINGAPORE Oversea-Chinese Banking Corporation (OCBC) said that the percentage of foreign shareholdings in the bank's issued share capital, including those whose status are being clarified, was 39.27 per cent as at March 31, 1995. It added that the percentage of foreign holdings in the bank's Warrants '95,
          61 words
      • 175 18 Bernama KUALA LUMPUR Food group Dewina Bhd, to be floated on the Kuala Lumpur Stock Exchange Second Board, has forecast a consolidated taxexempt profit of M 58.42 million (554.7 million) for the year ending Dec 31, 1995. In its flotation prospectus,
        Bernama  -  175 words
      • 2487 18 MaMgars' prteM April LS Or Fund 0.W 103" Singapore Unit Trust (JOB Asset Mgt Ltd The Commerce I.S7 166 Umfund 1-32 138 The Savings Fund 140 I 48xd l nibond+ 1.025 1050 S pore Prog Fund 0.57 0.61 United Gr Fund' 1.53 160 S pore Sec Fund 093 099 United
        2,487 words
      • 375 19 Bloomberg Business News HONGKONG An arm of China's powerful steelmaker Shougang Corp yesterday said an unnamed party offered to buy its 42 per cent stake in Hoi Sing Holdings Ltd, a move that under stock exchange rules would trigger
        Bloomberg Business News  -  375 words
      • 48 19 Reuter HANOI A Vietnamese vendor walking past the showroom of US air conditioning giant Carrier International Corp in Hanoi yesterday. Carrier inaugurated its first direct presence in communist Vietnam yesterday with the opening of a showroom and representative office in the capital. Reuter
        Reuter  -  48 words
      • COMPANY BRIEFS
        • 65 19 Bloomberg Business News HONGKONG Shanghai Dajiang (Group), a Chinese chicken and animal feed company, said profit attributable to shareholders rose 41 per cent to 177.5 million yuan (5529.3 million) last year. Dajiang sales were 1.9 billion yuan, up 51 per cent from 1.2 billion
          Bloomberg Business News  -  65 words
        • 87 19 Reuter HONGKONG Salomon Brothers said shares of fashion retailer and wholesaler Esprit Asia had reached bottom and were likely to rebound by 20 per cent to more than HKS3.6O (550.65) in the next six to 12 months. It said a price near HKS3.OO offered
          Reuter  -  87 words
        • 58 19 Reuter TAIPEI Taiwan's Acer Group, which includes computer maker Acer Inc, has reported combined sales of NTS2B billion (SSI.6 billion) for the first quarter, 65 per cent more than a year earlier. Acer Inc reported a 97.4 rise in first-quarter sales to NTS 11.13 billion.
          Reuter  -  58 words
        • 67 19 Bloomberg Business News HONGKONG Japan's largest video-game maker, Nintendo Corp Ltd, is suing Hongkong's King Lung Electronic for pirating Nintendo games, the Hongkong Standard reported. Nintendo lobbied Washington in February to get Hongkong onto a US list of countries failing to protect copyrights, the paper
          Bloomberg Business News  -  67 words
      • 242 19 Reuter CANBERRA The private owner of Australia's Jewel Food Stores has already received offers for the grocery store chain, including from some of the three biggest chains Woolworths Ltd, Coles Myer Ltd and Franklins Ltd. Jim Fleming said last week that
        Reuter  -  242 words
      • 275 19 AFP TAIPEI Taiwan's state-run China Steel Corp (CSC) is scheduled to go private tomorrow as part of the government's privatisation programme. CSC officials yesterday said that after being handed over to private concerns, CSC would replace insurance giant Cathay Life Insurance
        AFP  -  275 words
      • 176 19 Bloomberg Business News HANOI International Business Machines Corp has become the first foreign information technology company awarded the right to set up a wholly owned subsidiary in Vietnam. The computer company yesterday said it received the licence last month.
        Bloomberg Business News  -  176 words
      • 603 20 NYT NEW YORK Less than two weeks after snubbing a USSI.34 billion (SSI.B billion) bid by Ingersoll-Rand Co, Clark Equipment Co yielded on Sunday and accepted an improved offer of USSI.46 billion. The merger, approved by the boards of both companies, will create
        NYT  -  603 words
      • 441 20 AP NEW YORK General Motors Corp (GM) ranked as the biggest and most profitable of America's largest corporations in 1994, a year that saw the group become richer and more valuable as a whole, Forbes reports. The magazine said in its April 24
        AP  -  441 words
      • 439 20 NYT NEW YORK Seagram Co and Matsushita Electric Industrial Co sealed a deal on Sunday night for Seagram to buy 80 per cent of entertainment giant MCA Inc from Matsushita for USSS.7 billion (557.9 billion). The Japanese company, which bought
        NYT; Reuter  -  439 words
      • 268 20 Reuter BONN Daimler-Benz AG, Germany's biggest industrial group, plans to break up its AEG AG division and drop the unit's name, one of the oldest in German industry, the weekly magazine Der Spiegel said. In an article distributed ahead of publication yesterday, Der
        Reuter  -  268 words
      • 422 20 Reuter NEW YORK Metallgesellschaft AG has approved a new business plan by its American unit in a clear signal that the Frankfurt-based parent is backing MG Corp's desire to become a major player once again in the energy markets. The initiatives, coming more than
        Reuter  -  422 words
      • 356 20 Bloomberg Business News PARIS Compagnie Generate des Etablissements Michelin SA should put four years of poor results behind it when it reports what is expected to be a 1.1 billion French franc (SS3I6 million) profit for 1994, analysts
        Bloomberg Business News  -  356 words
    • FINANCE & COMMODITIES
      • 409 22  -  By Catherine Ong ROTHSCHILD Asset Management (RAM) is forming a joint venture in Singapore with Hartley Poynton, a leading stockbroker and financial planner in Australia, to manage funds for the middle-mar-ket. "We're not going after multi-millionaires," said Nigel Wightman, the Hongkongbased chief
        409 words
      • 461 22 Insurer blames poor market condition Reuter SYDNEY Australia's largest life insurer, the Australian Mutual Provident Society (AMP), said its operating earnings after tax slumped 76 per cent to Asso6 million (*****.3 million) in calendar 1994. AMP reported an operating profit after tax of AS2.J billion in
        Reuter  -  461 words
      • SMALL CHANGE
        • 71 22 Bloomberg Business News TOKYO The Industrial Bank of Japan yesterday said it would cut its long-term prime rate by 0.90 percentage point to 3.6 per cent, starting tomorrow. The long-term prime rate is used by Japanese banks as an index rate for making long-term
          Bloomberg Business News  -  71 words
        • 40 22 Reuter BANGKOK Thai Farmers Bank pic yesterday said it would raise its minimum overdraft rate to 13.50 per cent from 13.25 and its minimum lending rate to 13.50 per cent from 13.00. effective today. Reuter
          Reuter  -  40 words
        • 71 22 Reuter MANAMA Total assets of offshore banking units (OBUs) operating in Bahrain rose 7 per cent in 1994. The Bahrain Monetary Agency's (BMA) quarterly bulletin said assets rose to U5564.46 billion (Ss9o billion) at end-1994 from U5560.20 billion at end 1993. It did not say
          Reuter  -  71 words
        • 72 22 HANOI The Korean Exchange Bank (KEB) opened a representative office in Hanoi last Friday, becoming the first South Korean bank to operate in northern Vietnam. The Vietnam News yesterday quoted a bank official as saying the KEB will soon seek permission from Vietnam's
          72 words
        • 79 22 Reuter TOKYO The Long-Term Credit Bank of Japan Ltd (LTCB) has accepted 49 billion yen (Ss7B4 million) in losses for the business year to March 31, 1995, from helping a non-bank financial affiliate write off loans. A spokesman yesterday said LTCB took on
          Reuter  -  79 words
      • 246 22 SINGAPORE Asia Pacific investors are increasingly putting their money into global bonds and dragon bonds, according to a study by US investment bank Lehman Brothers. The study focused on money market and fixed-income securities. Lehman surveyed more than 2,000 investors from 23
        246 words
      • 262 22 Bloomberg Business News DUNEDIN, New Zealand The rate of the New Zealand dollar's appreciation should slow to about 2 per cent this year after gaining 12 per cent on a trade-weighted basis in the previous two years. Central bank governor
        Bloomberg Business News  -  262 words
      • 357 22 NYT LONDON The Bank of England found "prima facie evidence of illegal deposit-tak-ing in the UK" after an inquiry last year into the activities of Meridien International Bank Ltd (MIBL), a Bahamas bank with a representative office in London. But Andrew Sardanis. founder and
        NYT  -  357 words
      • 315 22 ENERGY REPORT Bloomberg LONDON Brent crude oil futures fell after climbing 4.8 per cent last week amid speculation Iraq may sell oil on the global market. Futures were also undermined by traders selling May contracts ahead of tomorrow's expiration. "While there's an outside chance of
        Bloomberg  -  315 words
      • 207 22 Bloomberg Business News LONDON The dollar rose against the mark in Europe and was mired near the post-World War II low it fell to in Asian trading after traders sold marks for yen. "It's mark/yen that's been fuelling the moves" in the dollar, said an economist. The
        Bloomberg Business News  -  207 words
      • 96 22 AFP NEW YORK The dollar firmed against other major currencies except the yen in New York early yesterday, continuing its recovery begun in European markets. At about 9:55 am, the dollar was quoted at 1.4010 German marks, up from 1.3783 late on Friday, and at 82.6S yen, down
        AFP  -  96 words
      • Article, Illustration
        1666 22 IraJe Ht ifhh J index cahulaieJ ufuiirw S'piirr i Itip 14 trudinq partners Hum' yew IWIS USS/SS forward rates Noon /Apr 10 s$ Rid Offer 1-monlh I WW I 3«M4 2-month ***** IJ902 3-month ***** 1)864 6-month I.J7J7 1.3757 Sounr OL'Bl' Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sam
        1,666 words
    • COMMODITIES & FUTURES
      • 1453 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended mixed and Eurodollars were slightly lower in eautious trade. "The Euroyen market is looking a little bit toppish and would like to sell," said a dealer. "Even though the Japanese yen strengthened about three handles to as
        Reuter  -  1,453 words
      • 650 23 COMMODITY REPORTS Gold HONGKONG: Gold was lower at the close on Asian selling, extending the decline that began in New York on Friday, dealers said. Bullion ended at U*****.40/90 an ounce, down from New York's USS 392.40/90 close and the local opening of U*****.00/50.
        650 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 63 23 KUALA LUMPUR China's palm oil imports may total 1.6 million tonnes in 1995 compared with 1.46 million in 1994. said Lee Sing Lee. a promotional agent for the Malaysian Palm Oil Promoting Council in China. He also said officials have indicated that China's
          63 words
        • 52 23 JAKARTA The Indonesian government has ordered robusta coffee exporters to set aside 20 per cent of their stocks in line with a pact signed with the Association of Coffee Producing Countries, the Jakarta Post reported. It said the government plans to penalise exporters who defy
          52 words
        • 74 23 SINGAPORE Indonesia's small exporting firms may get squeezed by the country's plan to retain coffee mainly because of the high cost of retention. said traders. Producers are due to retain coffee today, based on a 20-day moving average of the International Coffee Organisation's composite indicator.
          74 words
        • 59 23 NAIROBI Uganda will tell the Association of Coffee Producing Countries (ACPC) today that it intends to adopt a quota system to comply with the export retention scheme aimed at boosting world prices. Officials at the Uganda Coffee Development Authority said private exporters had agreed
          59 words
        • 38 23 LONDON Total aluminium inventories rose 15.000 tonnes to 3.718 million tonnes in February from a downwardly revised 3.703 million tonnes in January, according* to figures released yesterday by the International Primary Aluminium Institute.
          38 words
    • 1594 23 SICOM Futures Apr 10 Rubb«r Physical Prices (futures closing as at 5.34pni) B._. TiMaii RSS1 Contract (S cents/kg) As at 12 mm (S cents/kg) (lose Volume Open Month High Low Sell (tonne*) Interest RSS 2 May 95 266.00 267.00N May 95 I I 269 00 I T525 RSS
      1,594 words
    • REGIONAL STOCK MARKETS
      • 1007 24 -0.90 POOR offshore performances combined with profit-taking to erode investor confidence and drag the Australian share market fractionally lower yesterday. The All Ordinaries Index closed 0.90 point down at 1.982.5 after spending the day in a thin 14-point range anil sagging to a low of 1.969.1. The All Resources
        1,007 words
      • 582 24 +27.85 The Philippine stock market yesterday shook off the traditional Holy Week doldrums to move upwards although analysts differed on the cause of this rise. The PSE Composite Index rose 27.85 points to settle at 2.471.15 points, following a 0.5 per cent drop on Friday. Volume however fell 20.8
        582 words
      • 624 24 -23.51 The Taipei bourse yesterday ended slightly lower in the absence of fresh incentives, dampened by plastic and chemical shares and textiles, dealers said The Weighted Price Index dropped 23.51 points to close at 6.528.98 points, following a 33.66-point rise the previous session. Turnover slid with 994 million shares
        624 words
      • 433 24 -9.48 Share prices continued to fall on the Korea Stock Exchange yesterday despite government mar-ket-boosting measures, dealers said. The Composite Price Index skidded 9.48 points to close at 899.41 points, breaking through the psychological resistance at the 900-point mark. Trading was sluggish with 15.6 million shares worth 304.9 billion
        433 words
      • 344 24 -3.73 Share prices ended marginally weaker but ofT their lows as the market consolidated after a fortnight of strong gains. The NZSE-40 Capital Index fell 3.73 points to 2.068.23. but up from the day's low of 2.061.30. A line of 800.000 Fletcher Challenge shares at NZ53.95 per share
        344 words
      • 134 24 -7.30 Shares fluctuated in a narrow range before closing slightly down in low-volume trade, brokers said. The indicative 30share BSE Index ended 7.30 points down at a provisional 3.464.76. The composite 100-share National Index closed 5.16 points down at a provisional 1.685.96. "There was nothing exciting in the market.
        134 words
    • WORLD STOCK MARKETS
      • 300 24 +0.34 Dutch shares notched up further small gains at the close as the dollar steadied, but dealers said traded volume was thin and the market was unlikely to make major gains before the Easter weekend. The AEX Index closed at 404.28 points, up 0.34. Chart analysts say the AEX
        300 words
      • 224 24 +2.10 i<jerman stocks closed mixed as Financials tracked a slump in bonds while exporters rallied on the dollar's surge against the mark. "The negative mood this morning fell off a bit in the afternoon," said one trader. "With the steady currency situation we should see a rise over 2,000
        224 words
      • 187 24 1.53 Belgian shares ended a quiet day a little firmer, encouraged by the dollar's continuing recovery against the franc after setting new 10year lows against the Belgian currency last week. The Bel-20 Index of leading shares closed 1.53 points higher at 1.354.77 with a fairly light 1.2 billion francs
        187 words
      • 141 24 -35 Italian shares fell amid weak telecommunication stocks and trading linked to the end of the monthly account this week. Falls in other European markets also hurt Milan. The all-share Mibtel Index fell 35 points to 9,502. Friday it rose 0.2%. The narrower Mib3o Index was down 72 at
        141 words
      • 356 24 -61.8 South African gold shares pared a large slice of recent gains in thin trade yesterday as the gold price fell below USS39O an ounce and mine violence drove possible buyers out of the market, dealers said. The Overall Index finished 61.8 points lower at 5.385.3, the Industrial Index
        356 words
      • 218 24 -17.70 Stocks fell early along with weak bond and gold markets, but a later recovery is expected, traders said. The TSE-300 Composite Index fell 17.70 points to 4.247.00 on volume of 4.5 million shares valued at C 560.2 million. Declining stocks led advances 166 to 142. with 150 issues
        218 words
      • 742 24 -2.42 Stocks- slightly recovered along with bonds in quiet trading early yesterday. The Dow Jones Industrial Average, which retreated 12.79 points on Friday, was down 2.42 points to 4,190.20 at II am EDT. The key barometer was down 6.57 points shortly after the market opened. The New York
        742 words
      • 632 24 -6.70 Share prices ended lower but well above the day's troughs, helped by futures and encouraged by Wall Street's resilience, despite disappointing UK producer price data, heading a week of important statistics. The FTSE-100 Index closed 6.70 points off at 3,204.2 after hitting 3,189.7. Turnover in shares was a
        632 words
      • 144 24 -19.44 French shares ended lower, weighed down by falling bond prices, dealers said. "There was some profit- taking." said a dealer, who added that he believed the bourse was not derailed from its recent upward trend. The CAC-40 Index closed down 19.44 at 1.880.92. Dealers say the index has
        144 words
      • 133 24 1.65 The Swedish bourse closed higher yesterday with its OMX Index firming 1.65 points to 1,174.54. largely on the strength of lower bond yields and a stronger crown. Turnover was low at 1.556 billion crowns. Brokers said that the lack of volume was largely due to a wind-down before
        133 words
      • 734 24 Britannia Funds Sterling Cash Bid Offer Mim ip Deposit X 6400 6500 Mim Jeney Gill 0 189) 0 1442 Mim Mat Income *0 9100 *0 4400 LSS «h Income Plus Fund *****0 10.6)00 PS Resets c Fund 5 4400 5 4500 Si er I ins t auit\ Euro Performance 0
        734 words
      • 280 24 1.90 Swiss stocks closed mixed, as a stronger dollar buoyed exporters while investors sold financial shares on the back of weaker bonds. Traders said the recovery in the dollar, which gained against European currencies including the Swiss franc, helped exporters such as Roche Holding AG and Societe Generale de
        280 words
    • Article, Illustration
      2815 25 Reuter HONGKONG The blue chip Hang Seng Index ended a day of thin and directionless trading barely changed. The benchmark indicator eased 0.50 point to end at 8,469.78 on sharply reduced turnover of HKSI.S4 billion versus Friday's revised HKJ2.314 billion. The previous slowest trading day this year was Jan
      Reuter; Source: Bridge Info  -  2,815 words
    • Article, Illustration
      590 25 CLSA H SHARES, affected by the inactive Hongkong market, traded listlessly with turnover down to HKS66 million. Shanghai Petrochem, which has yet to unveil its 1994 results, accounted for more than 50 per cent of trading volume. The day's best performer was Luoyang Glass, which climbed 6 per cent
      CLSA  -  590 words
    • Article, Illustration
      2550 25 Bloomberg Business News TOKYO Stocks rallied yesterday for the first time in four sessions on optimism that Japan will come up with a package of measures to blunt the effects of the surging yen and help battered exporters, traders said. "The market is a little bit nervous about the
      Bloomberg Business News; Source: Bridge Info  -  2,550 words
    • Article, Illustration
      1793 25 AFP BANGKOK In its lightest trading in 17 months, the Stock Exchange of Thailand Index yesterday edged up 3.49 points to close at 1,180.53 points, brokers said. The trade floor was virtually deserted, with only 22.5 million shares worth 1.6 billion baht traded, brokers said. Declines narrowly beat advances
      AFP; Source: Bridge Info  -  1,793 words
    • Article, Illustration
      1181 25 Reuter JAKARTA Share prices closed lower due to the weak dollar and amid fears of a possible increase in the inflation rate, brokers said. Players were also cautious on fears of a possible increase in the inflation rate following the rise in cement prices. Losers led gainers by 43
      Reuter; Source: Bridge Info  -  1,181 words
    • 2522 26 <.r <.r IW LM Vol Day Las* Qwnr l*» Di» N* M < High Lo« («fU) Sale I TOO) High lo» Buyer Srikf S <>t S P/K Smil MALAYSIAN STOCKS 478 196 m AIS8 50c 416 20 767 472 412 414 418 JO -29 0 2 42.7 127
      2,522 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6924 26 Bloomberg Business News KUALA LUMPUR Stocks fell a third day on concern that the weakening dollar may lead the US Federal Reserve to raise interest rates. The dollar fell to a post-war low of 80.15 yen in Asian trading yesterday. "People are
        Bloomberg Business News; Source: Bridge Info  -  6,924 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8478 27 IW lilt Vol Day IjH Qm< DK Dh YW Net Cap *1 Hick Lh (uap.it Sale (D00) High Low Bayer Seller Cw P/E $mil Pric* INDUSTRIAL AND COMMERCIAL 482 388 ml j Acma MX 428 cd -2 7 428 420 426 428 22 5 2.6 9 0 590.0 430 450
        8,478 words
      • 1845 28  -  By R Sivanithy SINGAPORE US dollar woes continued to haunt the local stock market yesterday, leading to an across-the-board decline in stock prices and a drying up of liquidity. Malaysian stocks were particularly vulnerable to the downturn in sentiment, as any lingering
        Charts by Bridge Info; Source: Bloomberg  -  1,845 words
  • Page 17 Advertisements
    • 477 17 NEWS VALUE Japan may quit floating rate system if coordination fails (PX I) Not likely to happen but some measures to support US dollar and Nikkei can be expected. Economy to grow 9.2%, says Crosby (pg 2) No impact. KLSE drops 15 stocks, adds 29 as components of Composite Index
      477 words

  • Page 18 Advertisements
    • 97 18 BEHIND EVERY SUCCESSFUL COMPANY, THERE IS A LEUWICO OFFICE FURNITURE SYSTEM Mi And that is true. Because Leuwico is specially designed to meet every organisation's need of creating their workplace condusively. With height adjustable desk as one of the main features, Leuwico comes in attractive designs to provide a positive
      97 words

  • Page 19 Advertisements
    • 47 19 You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      47 words
    • 304 19 IB Cation Like it or not the old method of document management simply takes up too much expensive office space. And too much of your staff's precious time storing and retrieving files. You can change all that with the new Canofile 510 Electronic Filing System. The Canofile 510 sits on
      304 words

  • Page 20 Advertisements
    • 221 20 jHBH Hi Over 250 Leading Exhibitors revolutionary technologies Buy/trode products, appoint new ogents -> Evaluate competitive products! H Over 30,000 Attendees Network with leading corporate decision makers and resellers from over yT'i'M i pHI Numerous Special Features in the Exhibitions PLEASE ATTACH On-tfe Mulitmedio fames Competition y.,. rm Min ..Mb*.*
      221 words
    • 169 20 W Keppel Finance Limited I (lncorpo<at*d in th« Republic of St"g»pc*e) I TO ALL WARRANTHOLDERS OF KEPPEL FINANCE I UMI TED'S Ss€o,ooo,ooo PRINCIPAL AMOUNT OF I 1.25 PERCENT UNSECURED BONDS DUE 1996 I TOGETHER WITH 36,664,000 DETACHABLE I WARRANTS TO SUBSCRIBE FOR 36,664,000 I NEW ORDINARY SHARES OF 550.50 EACH
      169 words
    • 117 20 Hl] BEIJING MAESTRO AT LINGZHI VEGETARIAN RESTAURANT 8-30 April 1995 Innumerable are the superlatives and adjectives that have been used to describe the extraorinaire Chinese Masterchef Han Sijun. aHV An expert vegetarian 'ML! cuisine from the Buddhist Association of China, Masterchef Han's creations I L have left many a palate
      117 words

  • Page 21 Advertisements
    • 782 21 1 FOR THOSE SEEKING MORE THAN ONE DIMENSION TO TIME... "A watch is just a watch, so long as it tells the time." the more essential complications in a number of of our movements and bring into play the precisely It's the kind of statement that makes us all the
      782 words

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  • Page 23 Advertisements
    • 610 23 BUSINESS TIMES TOLL-FREE TF.L. No. 1-800-741-1883 FAX:74I-1298 1 OFFICIAL NOTICE We, Madura Ships Pte Ltd, of 3 Shenton Way #03-12, Singapore 0106, hereby give notice that in consequence of our purchase of a vessel "SUNNY ACE" Panamanian Flag. We have applied to the Registrar of Singapore Ships, under Section 386
      610 words
    • 20 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words


  • Page 25 Advertisements
    • 141 25 H Executive Treatment has been perfected at Mai's Skin Center. For true Executive confidence it is essential you look your best. Good-looking skin is an important factor in enhancing your appearance and giving you a truly successful look. Many common skin problems caused by the tensions and strains of everyday
      141 words


  • Page 27 Advertisements
    • 76 27 Ir-| When High-Tech Companies need personnel, 4-u~. ~i The Straits Times J theyplugmto APPOINTMENTS <=# WATCH FOR THOSE WITH BpBBM SWISS BANK ACCOUNTS. Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel *****51 DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard
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  • Page 28 Advertisements
    • 569 28 EARLY BIRDS Will CATCH f- ?i s?.? MORE MAN A WORM. I i Om H M V a Free persons may form a team and enter the team event without affecting the status m the mdwidual event I B [tl B MMilif IM uAi J H I Nm< I How
      569 words

  • Shipping Times
    • 430 29  -  By Alec Almazan SINGAPORE Local ferry and yacht builder Greenbay Marine Pte Ltd is finalising negotiations to buy into a southern Chinese yard. "We are planning to invest about $5 million in a jointventure with a Guangzhoubased yard for the building
      430 words
    • 351 29 AP STOCKHOLM A German shipbuilder made the cargo door locks on the ferry Estonia too weak to sustain heavy waves, causing the vessel to sink in a Baltic Sea storm, killing 859 people, investigators have said in a partial report just released.
      AP  -  351 words
    • 614 29 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5
      614 words
    • 587 29  -  ADMIRALTY CASEBOOK By Ramesh Divyanathan SINGAPORE A forwarding agent which wrongfully released certain goods, was ordered to issue a bank guarantee while the case against them was pending. Justice G P Selvam in the High Court recently upheld a deputy
      587 words
    • 139 29 SINGAPORE A ferry carrying 117 passengers, bound for Singapore from the Indonesian port of Tanjong Pinang. ran aground south of Sentosa on Sunday evening. Five passengers suffered minor cuts and bruises and were sent to the Singapore General Hospital. A joint statement yesterday
      139 words
    • 219 29 Reuter MOSCOW Russia's Far East Shipping Company (Fesco), a blue chip held by many foreign portfolio investors, has no plans for a supplementary share issue as predicted by Moscow bankers, a top company official said recently. Bankers had said that the Primorsk
      Reuter  -  219 words
    • 182 29 Bloomberg Business News PORTLAND, Oregon Todd Pacific Shipyards Corp is one of three bidders to operate the Port of Portland's shipyard, the port commission said recently. The yard has the biggest floating drydock in the Americas, a 300-metre enclosure with a lifting
      Bloomberg Business News  -  182 words
    • 1568 30 THE second consecutive rise in the Baltic Freight Index (BF1) after a 13-day fall may signal that the tide has turned in favour of owners again, shipbrokers said. The BFI gained six more points on Friday to close at 2.205. But sliding futures suggest that further gains in
      1,568 words
    • 369 30 COURSES Title: Understanding Documentary Credits Duration: Apr 18 May 23 Organiser Singapore National Shipping Association Tel: For further details and application forms contact SNSA Secretariat at 278-3464 or fax: 274-5079. Title: Sea Transport Course (SDF 70%) Duration: May 17 Aug 23 Organiser Singapore Freight Forwarders Association Tel: For
      369 words
    • 881 31  -  Dalian's mayor outlines his vision of the Chinese port city's bustling future to Tony Walker Tony Walker FT BO XILAI, mayor of Dalian, could not he accused of thinking small. His ambitions for the northern port city of 5 million people match those
      FT  -  881 words
    • 11433 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      11,433 words
    • 965 41 US aviation officials and scientists are developing a DNA analysis to determine if pilots involved in crashes were flying under the influence of alcohol NYT OF 975 pilots killed in plane crashes in the United States in 1989 and 1990, the Federal Aviation
      NYT  -  965 words
    • 3047 42 A Xm.BC' Container line NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). AltMtros Sea-Air Service: Frata Shpg Pte Ltd
      3,047 words
    • 149 42 CONFERENCES CONSORTIA lean Linef*LnJ;'S]^n Y S $um! "K." Line; Orient Overseas Container Lme, East Ma lata Agreawmt (CAM): American President Lines; Orient Overseas Container Line; "K" Line; Malaysian International Shipping Corporation; Neptune Orient Uses; SeaLand; APMoSer Maersk Line; TSK Line. QAStS (Far laat/Parsiaa MQt "K* Line; Mit- sui OSK; Nippon
      149 words
    • 279 42 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air txpreu t ravel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716, *****80. Airswift Worldwide Courier Tel: 278-0188 Fx*: 273-8283. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: 742-8975. City-Unk International Tel: 344-3377. Fax: 345-6450 Cluster Link Supplies Services
      279 words
    • 1507 42 Abe* Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Acti>air Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air C argo Novo Express Tel: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74. *****50.
      1,507 words
    • 2741 43 ALBANIA Durres: Seven vessels operating of which 5 discharging (1 bagged chicken, 2 bagged cement, 1 bulk coal, 1 dieseloil). 2 loading (1 bulk ferro-chrome. 1 bulk wine), no vessels waiting in roads. ARGENTINA Santa Fe: No vessels berthed, no vessels in roads, no vessels due. Diamante: No
      2,741 words
    • 1107 43 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA KID Ports of Calls Port Agent telephone No APRIL II II Renaissance I Cruise to Nowhere Renaissance Cruises 222-3388 II II Columbus (aravclle Kukup Harpers Shipping 221-1388 II II Megastar Taurus Malacca Jardine Shpg Agencies 224-1052 11 II Star
      1,107 words
    • 702 43 SHIP SALES TANKER RATES AFP THIS week has seen rather a mixed bag of sales with a number of reports featuring low capital tweendeckers and handy bulkers, most of the higher priced deals coming to light in the tanker sector. VESSELS SOLO FOR FURTHER TRADING Bulk Carriers La Marquesas 37,994
      AFP  -  702 words
    • SHIPS IN PORT
      • 620 44 VtMd Voy No Berth Arrival Departure Vessel Voy No Berth Vrivtl Depyttie Jurong Port Citia Batam2 017 P01A 1104/1600 1104/1/00 Batam kidah N189 J2 alongsde 1104/2300 Equator Gian 117/K P02 1104/0730 12 04/1700 kun laya 15/95 19 along** 1104/0900 Equate Joy 36/5£ P03 1104/0800 12 04/0630 Kmg
        620 words
      • 1345 44 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac. S«an 165A 12/1000 3 11/0/00 11/1159 11/1400 4 11/1200 11/1459 11/1700 Aq Violet 046A 11/1800 IB 10/1500 10/1659 10/1900 Alu
        1,345 words
      • 796 44 THIS twice weekly 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
        796 words
      • 611 44 Carton Apr 6 Density Water Resdue Mi AMnriun Sedknent MM Luon KG/IT3 V/V I M/M M/M PPM method BO/Onac limits Spec 991 1.0 15.0 010 80* 010* Spec G35 991 10 18 0 0.15 80* 010* Northern Eiropt 180 Ave 980 0.2 13.0 0 04 22
        611 words
    • AIR AND LAND TRANSPORT NEWS
      • 274 46  -  By Ramesh Divyanathan SINGAPORE DHL has become the first air express company to receive approval to operate in Laos under the country's new foreign investment laws. Together with its local agent, Air Express Service, DHL has formed
        274 words
      • 205 46 AP PARIS Pilots and mechanics at France's state-owned Air Inter went on strike on Sunday, the fourth walk-out of the month at the domestic airline and the latest in a string of job actions during the presidential campaign. The strike
        AP  -  205 words
      • 315 46 Bernama SHAH ALAM, Malaysia Proton cars sold in Malaysia next year are likely to be fitted with catalytic converters, says managing director Nadzmi Salleh. Although there were no regulations yet in Malaysia concerning the use of catalytic converters, Proton would
        Bernama  -  315 words
      • 277 46 Reuter WASHINGTON The United States and Britain resumed negotiations yesterday in their long-running, but so far unsuccessful, effort to end restrictions on airline services between the two countries. The renewed talks come after the US recently reached a series of
        Reuter  -  277 words
      • 287 46 FT LONDON Three US bicycle manufacturers are seeking protection against Chinese imports which they say severely hit their operating profits last year. The companies filed a complaint recently with the US Commerce Department and the International Trade Commission, alleging that China was
        FT  -  287 words
      • LOG BOOK
        • 112 46 AFP SHANGHAI Shanghai opened a long-awaited subway line yesterday, the first stage of a serious eampaign to unclog the teeming streets of China's biggest eity. Eventually there will be six lines like the 16.1 km long subway, costing 5.3 billion yuan (SSB7B million), that has taken
          AFP  -  112 words
        • Article, Illustration
          49 46 Reuter DENVER. Colorado Emergency medical technicians examining the crumpled and charred remains of a sedan in which at least six high-school students were killed last Saturday. The car was struck by a train which the teenagers were trying to beat at a crossing south of Denver. Reuter
          Reuter  -  49 words
        • 134 46 Reuter NEW YORK With 4.900 daily flights around the world. Delta Air Lines Inc is used to climbing to the skies. But the Atlantabased airline never expected to be climbing the charts. A song written for a Delta television commercial in Europe has
          Reuter  -  134 words
        • 84 46 Reuter BEIJING Airport security officers in China's north-western city of Xian have seized four fossilised dinosaur eggs found in the baggage of a Japanese passenger, the China Daily said yesterday. The Japanese passenger bought the four dinosaur eggs for 40,000 yen (*****) and packed
          Reuter  -  84 words
        • 75 46 AP HONGKONG Faiveley Transport of France has won the HKS2I2 million (5538.5 million) contract to install platform screen doors on a 34-km railroad to Hongkong's new airport. The airport is to open at the end of 1997. The railroad will link the airport to
          AP  -  75 words
      • 191 46 Reuter LONDON Passengers on a jumbo jet watched part of the aircraft's wing tear off as they came in to land at a British airport, just hours after one man warned of the impending disaster, a newspaper said yesterday. The wing
        Reuter  -  191 words
      • 1646 46 ag FW ETA nw ro_ atjr n» ET» rag* n»^ Abu Dhabi GA882 2310 Hanoi VN741 1310 VN740 1410 Adelaide QF81 1930 QF82 2055 Hatyai TG407 2105 TG406 0620 SO228 2120 MI895 2300 MI896 1920 Amsterdam KL831 0925 GA974 0020 He CM Mint) City VN74I 1310
        1,646 words
      • 152 46 Bloomberg Business News AFP THE HAGUE US aircraft maker McDonnell Douglas Corp has won an order for 30 Apache helicopters from the Dutch government, Dutch television has reported. It was not reported how much the order would be worth. In the
        Bloomberg Business News; AFP  -  152 words
      • 243 46 Reuter LOS ANGELES Ford Motor Co says it has abandoned plans to put sodium sulphur batteries in its first generation of mass-produced electric cars, but will consider the Electrosource Inc advanced lead acid battery that Chrysler Corp is using. John
        Reuter  -  243 words
  • Page 29 Advertisements
    • 40 29 REGIONAL ANALYSIS Every Wednesday in Business Times Building a new Hongkong in the north, Pg 3 Was the pilot drunk? DNA might tell, Pg 13 DHL is first air express firm to get nod to operate in Laos, Back Pg
      40 words
    • 26 29 Lines and services represented by Members of the Registry of Accredited (?H®aJ) Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089
      26 words
    • 149 29 New Express Service HAMBURG E. EUROPE Effective from April '95 Pis see Pfi 6 for schedule CAMBODIA SHIP REGISTRY Cambodia Ship Registry is now ready to accept vessels of all nationalities for registration ADVANTAGES NO RESTRICTION open registry IMO ACCREDITATION Cambodia is a member of IMO and accedes to various
      149 words

  • Page 30 Advertisements
    • 1510 30 m ■-ULi J i oyMWftiifwiww; 1 I wwfyw ApwmcA j I pwtctcALLTOwteTfcatirtpcM ll^ C<^iy ttiß!aalß I 1 «E u «> -s» —m I» I» I u I—alu liw ll—' n 1111 li«f IJi f» I— Hill ll'l'll II J2B_ CIUMMM NBCURY I Mlll4 Itl IWWfI {ITS TBI 8.1 [BJ II
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    • 265 30 CONVENTIONAL-INOONESIA SERVICE vena eta Fro SnSnS CHAHAYA SEJATI 12M 114 SEMARANG JAKARTA SAN WALEI 18/4 19M JAKARTA. SURABAYA KURMUSEJAT) 2(V4 22/4 JAKARTA. SURABAYA, PADANG WALIEOUA 244 26/4 JAKARTA FULL CONTAINER SERVICE-SINGAPORE TO JAKARTA VESSEL WOY STORE LOAOM6 PORT CARAKAJN3I9 SJ47 12/4 JAKARTA (twrtfwg W1) CARAKA JN 3-9 SJ 48 19<4
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    • 976 31 rua (UM^SC*SHIPPINGC^(SAG) I MJWf 7FAX: &*x*3 lAI'iMMIAKH CII2W ~~W4~~ 1 76 IS *5 ALMNMM CII2W 17* iff 4ff~ I W 22* I Iff M JUBAYR CII3W 24/4 H Iff 11# *6 Iff Ilff 12ff Ml JUBMR CII3W 2*4 *5 11ff WIJUWOTICIMW I 2*4 21* 13ff At WAJBA CII4W 1/5 I*s
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    • 607 31 ANL 1 ANL. IT'S AUSTRALIAN FOR TO AUSTRALIA WAIT COASTI FBOM AUSTRALIA «ABT COAgfi Wttll/WN JKT UP M ID Kl MIR MM WMIUVOY Mi ITS MO H0« *T OOP W IUURt NV IM4 14A4 IM4 IM4 KM MM HAMMMT MM WW IMt 1M« IW4 IM4 MAJAf AMIT MS IM4 17/
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    • 1269 32 VBS& VOT HAM IDAAI ANT LHA STON PKIUNG SM W UO 1W SHI OSA W HAIKXatXWSS mV It/3 M/ 3 70/3 ~fM~ IS/1 10/4 11/4 11/4 17/4 mum w/ti? ii/ 3 n/3 n/i a/3 iyi 14/4 11/4 70/4 77/4 74/4 Bsaawes IW~ts73~ 77/3 nn nn rtn 17/4 n/4 wr mm
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    • 513 32 NANDNAKUL 13/4 17/4 RdrrVAtwAJK/Nml* I BALA BAN 1 23/4 27/4 RdrrVAtw/UK/Nanlaa I 'LoMdaEyW.Matayto.lnflonaala I ILoxJng lor 1 SAOAN KALKAVAN Dubai/Damm»VKuw»t I BUFFALO Jeddah/Aqaba/TnpoA/Algana I SAMM FRONPIER I •Loads Singapore, E7W Malaysia. Indonaaia I I Loading for SAMMI FORTUNE Lx» AngcAea/Naw OrtaafW I PAN OUEBI Loa I Chartaato«VNorfo6</Camdari I •Loade EVW
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    • 1248 32 NORASIA I 31 VALUE 914W 16* 94* 97* 09* 07* OMR 06* 06* 09* 11* SEABMMaWVJMM IMM 07« 11* IMS 11* 12* 13* 13* IS* 252.2!!21?.nS 2£ US i*« n* 2** 2»* 21* 21* 22* NORASIA HONG XON6 V *17-3 >3* 22* 2MB M 2V* 2MB 27* 2MB 2MB 2MB
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  • Page 33 Advertisements
    • 1227 33 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Kappal Taware Siapapara 0200 Tal: *****00 Fai: *****17 SfeSK New quiwia pacific line I iiiirr <a service of china navigation co> CARGO DUE SAILS &gMr MERU6I VWBE KK.SkM.lta 11 A»r In Port 13A»r ■■MIHHIir I ■lUKI IU HITUI ITT IMMM~
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    • 1775 33 WtO 1 f|P|*C P&O Containers (Singapore Agencies) Ptc Ltd 9 10 Hoc CMoog Road. 107-01 Keppel Toons. Singapore 0208 First Class Connections WORLDWIDE I'Ji 25 rnocsr f.«: 22s 5327/222 7517 tK Number: 104W9 nKMH)/ EXPORT IMPORT E |EE lap rsi:-" £>« r ssrss, r s&-is as ss522 SSI 151 ivo*
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    • 477 33 outmouno m pa joh sin m wo w ib mmmßii ostwjM WMNM2MMM3 MM 1M« IW M-14W 1W 2>W MW 23W am jam wmmm/mn itm um iw M-17M zim gw 2<w 2&w mw «w mm »Mwaww tax mm mw www *m mm vm at* aw hw IMB MmmmMm z±i*** MM sim
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    • 453 34 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUE JADE In Port Loatftng tor Malt MUVAIHUOHU 20/4 Loadmg tof Japanese Ports DOIPMM 15/4 Loading tor Male PWMSR SUPREME I*4 Loading tor Malt UMMEEDH 8/4 Loading tor Male PROGRESS LIBERTY 10/4 Loading tor Bangkok
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    • 1179 34 HANJIN SHIPPING BOOKINGS TEL: *****35-237 OPERATION TEL: *****41-253 SALES TEL:-*****30-233 DOCUMENT TEL: *****71-275 FOR VS. SIN UNE HAUL SEA YVR POX FOR VSL SM UNE HAUL SAV LM NYC HANJM BREMEN 01SE 13/4 DIRECT 4/5 5/5 SIS IRENES SYNTHESIS 004E ISM H KEEIUNG 063E 1815 IM 21« HANJM HONG KONG
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    • 1125 34 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SOP RDM HBG THP ANW LHV LHW ANW TUP HBG ROW PKL SGP E GAINING RW-842 12* 76 46 16 16 M t GWfT RE« 13* 14* 1M 11* 1M 11* 12* I GLOWING RWO3I 17/4 11/5 115 15/5 E GENTRY RE-K2 21/3 22/3 24/3 IB* I GROUP RW-BM
      1,125 words

  • Page 35 Advertisements
    • 3128 35 TO MOMBASA AMD PAR ESSALAAM Singapore's Getrural Agents: Tel (General): 22*1900 Sale*/ Booking: Dept: rncno CUIDOIU/« orr irn r« |««Mrafc 2MIIM Container: *****41/B*4 Container Src B/L: *****02 Operation Contamer *****15 CuSTAR SHIPPING PTE LTD Telex: ***** COSHIP Conventional: 4205*50 O/O: *****85 Conventional: *****49 SNenton Way ml 7 08 CK No:
      3,128 words
    • 540 35 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 12/04 1 ROTTERDAM 12/04 AARHUS/COPENHAGEN 12/04 HAMBURG/BREMEN 12/04 MARSEILLE/FRANCE 13/04 FELIXSTOWE/UK 12/04 BARCELONA/SPAIN 14/04 LEHAVRE/FRANCE 12/04 GENOA/ITALY 13/04 ANTWERP/BELGIUM 12/04 LOS ANGELES/WC/IPI 17/04 SYDNEY/MELBOURNE 14/04 NEW YORK/EC 17/04 FREMANTLE/ADELAIDE 12/04 VANCOUVER 14/04 BRISBANE 14/04 TORONTO/MONTREAL
      540 words
    • 191 35 pi PONCNAMA LINE CONTAINERISED SERVICE 6TRAITB/BLW/INC/BSM KSStI (MS) S» f* UN rwc »IC BS* BASTION If SO*" 15 M 17 M ll'M 21 M MM I 2'». MSTttHMM VSO4M 20 04 22 M lIM 25 M NH lie* tusoas nv» 21 M 01 W «3« u.« it/n SMKMCTIMO ****** K
      191 words

  • Page 36 Advertisements
    • 1147 36 m VE,BEL VOY s i w Jl j T VESSEL VOY SIN PEN ~M I BHATWA IMUM 7SS Tu*_Jn_P» Fri 14/4_ QUWU BHUM 5055 Tua lln PI Thu 13/4 I VESSEL VOY SIN BKK WAN* BHUM 274S Thu 13/4 Sun__YU4_ S THANA BHUM 11«N Tua In Ft Wxj 12/4 I
      1,147 words
    • 1104 36 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0 H. STRAITS SHUTTLE SERVICE PORT KLANG PENANG ttSSEi VOY SW I PKL VESSEL VOY SM FEU Si* LAURtI i?BM 13 4 <THU> 14 4 (FRI) MCC CUNVtYOR b022 ~il .TUt) 14 4 (fWi _tAGIt BRH2E 19SA ___n_4_(JHU£__l_lS_4_(SAT2__ 'iXJP
      1,104 words

  • Page 37 Advertisements
    • 1170 37 ADVANCE CONTAINER LINES (PTE) LTD I 140 Cecil Strut, #12-00. PIL Building. Singapore 0108 mX. m I TEL: *****31, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E I IP JAKA.TA I (S Swknet/WM* to PAT, 2 S«(.n«« to MIT. 1 Sailing to LCH) (J «oiling»/Woo» NRT AUTHOKmr TWAILAMP SS[
      1,170 words
    • 871 37 VCSSCIS »0t sm It HAVSC HAOCWC THMgS KOIUKOAW HWTWIKP Win DC SAOIT* SOIW 12/04 03/05 05/05 07/05 08/05 09/05 W.LE 0 »Qm.» *0«W 11/04 05/05 11/05 13/05 14/05 15/05 V*Lt P- HYPM HOBW 25, 04 lt/05 18/05 20/05 21/05 22/05 VHit DC UM TOBW 23/05 25/05 27/05 28/05 25/05 •ALSO
      871 words
    • 650 37 BSA 4 ma MYANMA IOBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf MYOMAYWA VISSW In Port HP* AN V2O9W 10/12 Apr MALAYSIA AGENTS BOUSTEAD SHPPWG AGENCIS KU. TIL 02-03 *****00 PHI TEL 02-03-*****01 PEN TEL 02 04 *****02 PGD TEL 02-07 *****21/4 NIGERIAN
      650 words



  • Page 40 Advertisements
    • 531 40 GET) RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) HL FAX: *****10/*****03 Iff! TELEX: RS ***** RISHIP (3 Lines) a=J CR NO: **********0E lygß EfMOPttM SNIPPING LINES Y (NalieaaiLJnetof ElMopfai) ACCEPTING FCL AND CONVENTIONAL Vmml Voy STA Loading** Andtnot 38WB 17 AM Mombasa, D)*xxrt M&BSBW3 Abbey Wonz 53W8
      531 words
    • 548 40 m mm RHM k AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi. Islamqaia (Doqharun) C.1.5./RUSSIA: Alma Ata. Ashkhabad. Baku. Dushanbe. Irkutsk, Khabarovsk, Krasnoyarsk. Korsakov, Moscow. MllltZGT a Munch Novosobirsk. Sochi. Tashkent. Tbilisi. Vladivostok, Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA I
      548 words
    • 320 40 mjkM MN CONTAINER LINES, INC fTrTTTT] Agents: MAC-NELS SPORE: *****22 (24 LINES) ["Ivy V*J QffHOnaDQWlooo— 85U(064)*****9 KUCHMQ(HM)4M4» PENANQ: (04) *****6 BANGKOK (662) *****67 MAMLA <632)*****61 P. KELAWQ: (03) *****77 JAKARTA: (21) 6X107 SURABAYA: (H) «tWW I ASIA HKG/TWN/BKKI GENOA/EUROPE I w w M w 52 ®J Piraeus 16/4 17/4 18/4
      320 words



  • Page 43 Advertisements


  • Page 45 Advertisements
    • 480 45 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 fpfM ["Si ND VESS&S VOY SM RIM ant leh HAM NE| FE *12/04 14/04 15/OT SEA PROGRESS 316*" 17/04 05/05 07/05 05/05 07/05 07/05 09/05 19/04 21/04 22/04 H. CHALLENGER 315* 24/04 12/05 14/05 12/05 14/05 14/05 16/05 26/04 21/04
      480 words
    • 410 45 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE ROftO CATCHER SPECIALIZE M HEAVY LET CARGO UPTO 120 TONS RAMP CAPACITY UPTO SO TONS leu ItTA «sai w J* lows fo» KQSUI 40 10/4 12/4 MOHOSMU MMll I 11/4 KEMAAMMN 12/4 ORANGE MOON 12 11/4 BANGKOK 14/4 KU2IU GNDASH II 17/4 11/4 MUMU) 22/4
      410 words
    • 646 45 rati vor un cta/d lax oak ch mem/col Ihou wyc I nor pal ALLIGATOR TRUTH 62A 13/04/14/04 30/04 02/05 03/05 05/05 05/05 06/05 06/05 04/05 GEORGE NASHN6TON BR 86A 20/04 /21/04 07/05 09/05 10/05 11/05 12/05 12/05 13/05 11/05 ALLIGATOR PROE 59A 27/04 /2S/04 14/05 16/05 17/05 11/05 "IS/05 15/05
      646 words
  • Page 45 Miscellaneous
    • 303 45 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1.5 1.4 1.4 1.4 1.6 1.1 2.0 2.2 2.2 2.2 2.0 1.7 1.3 1.1 0.9 OS 0.1 1.0 13
      303 words