The Business Times, 13 April 1995

Total Pages: 44
1 44 The Business Times
  • 12 1 Business Times WE KA'OIfNWT MITA(P) 194/12/94 Thursday April 13 1995 85 c
    12 words
  • 2am LATEST
    • 51 1 Reuter NEW YORK Blue chip stocks edged higher yesterday. At 1 pm EDT, the Dow Jones industrial average was up 4.50 points at 4,191.58. But in the broader market, declines outnumbered advances by a slight margin on active trading of 192 million shares on the NYSE.
      Reuter  -  51 words
    • 56 1 AP DETROIT Chrysler Corps biggest shareholder and former chairman Lee lacocca teamed up yesterday to make a stunning US$22.B billion cash takeover offer for the No. 3 carmaker. The US$55-a-share proposal from multi-billionaire Kirk Kerkorian and Mr lacocca is more than 40 per cent
      AP  -  56 words
  • 169 1 Stock market indices Wednesday Change ST11 2,062.50 -7.90 KLSE Comp 966.01 +9.73 Nikkei 16,344.92 +76.04 Hang Seng 8,509.69 -4.91 SET Index closed Jakarta Comp 419.99 -4.09 Manila Comp 2,496.78 +12.76 Taipei WPI 6,462.34 -34.72 Seoul Comp 893.47 +0.2 Bombay BSE30 closed CLSA China B 807.02 -2.45 Aust All
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  • 615 1  -  By S N Vasuki SINGAPORE In a telephone interview from Bombay last night, fugitive Indian tycoon Rajan Pillai told Business limes that he had fled Singapore on Monday night because he was unhappy with the verdict delivered by the Singapore court. Pillai,
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  • 589 1  -  By Lee Han Shih, Lilian Ang SINGAPORE In an unusual move, the huge Hong Leong groups of Singapore and Malaysia are joining hands to bid for a regional chain of hospitals on offer for at least SS4OO million. Sources
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  • 111 1 Bloomberg Business News STOCKHOLM Central bankers must further reduce inflation worldwide, building on the "dramatic slowdown in the rate of price inflation" in the past decade. Federal Reserve chairman Alan Greenspan told the Cen- tre for Business and Policies Studies and the Sveriges Riksbank.
    Bloomberg Business News  -  111 words
  • 400 1  -  By Ramesh Divyanathan SINGAPORE Lawyer Wong Meng Mcng has claimed $12 million as his legal team's costs for representing Indonesian state oil company Pertamina. Lawyers contacted by Business Times said the sum is the largest claim for legal costs they have
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  • 625 1  -  From Prem Shankar Jha in CAMBRIDGE, Massachusetts SUCH are the delays, and worse, of the Indian judicial system, that by fleeing to Bombay, Rajan Pillai may escape punishment for years to come. The reason is not that there is
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  • 314 1  -  From Anthony Rowley Deficit cut vital to dollar recovery, Pg 8 Corporate Japan fights rising yen, Pg 16 in TOKYO RELATIVE quiet prevailed in Japan's financial markets yesterday but analysts warned that a new storm would erupt in foreign exchange markets and
    314 words
  • Page 1 Advertisements
    • 159 1 FBurberrysl I Reigns when it pours x x y x >< xxxjoooo^o^oooooooo^^^^oo< CONTENTS News Companies S'pwe News 2 Spore Wsia .17,18.19 Regional News 3,4.6 Financial 20.21 Wwki News 8 Features Markets Analysrs 15 Oob/KLSE. SES 24 26 Editorial 14 Regional 22 Sports 11 Work) 23 TV/Litestyte 13 Currencies 20 Regional
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    • 9 1 Law: Pg to A US lawyer's fight for goodwill
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    • 11 1 Hock lj)ck Siew: Pn n What's eating at NBTs share price?
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    • 136 1 Bottom Line: p* 16 Sri Lanka at the^^smails Attend our krr classes to confirm our reputation as a At Stansfield, we pioneered the 'ACTION-LEARNING' teaching methods specifically designed to give students a competitive edge in the University of London examinations, which even other schools are talking about. It therefore gives
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    • 8 1 IPI l u N E T T ~S
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 328 2  -  By Ven Sreenivasan STRONG savings growth has helped finanee doubledigit growth in Singapore's Ciross Fixed Capital Formation (GFCF) in the past six years. But last year's 7.6 per eent growth in GFCF was the lowest year-on-year rise sinee 1988, when the inerease was 4.8 per cent.
        Source: Dept of Statistics  -  328 words
    • 213 2 DISK drive maker Integral Peripherals said yesterday it would open its new plant at Woodlands East Industrial Estate today. The plant, which is four times bigger than the company's previous facility at the Bukit Timah plant, can produce 1.5 million drives
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    • 400 2  -  By Michelle Low WALT Disney's fast-expand-ing retail unit opens its first Singapore Disney Store at Takashimaya shopping centre tomorrow and is banking on high brand awareness in Asia to recoup its investments. Takashimaya, too, is hoping that Disney's 4,500 sq ft set-up
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    • 296 2 A COMPUTER software chronicling the life of Senior Minister Lee Kuan Yew will go on sale next month. The software, contained on a CD-ROM, will be the first of its kind and will include over 300 photographs, more than 50 video clips,
      296 words
    • 176 2  -  Text Photo by Arthur Lee IT's been raining envelopes at the Inland Revenue Authority of Singapore this past week. Every day, about 30,000 tax returns arc received from taxpayers rushing to beat the April 15 deadline. This year, the tax department sent out
      176 words
    • 429 2  -  From Al Labita in MANILA PHILIPPINE President Fidel Ramos has sent Singapore Prime Minister Goh Chok Tong news clippings on the hanging of Filipina maid Flor Contemplacion "to help him understand Filipinos' outrage over the tragic case". Mr Ramos said at
      429 words
    • 168 2 Reuter FORMER Baring Futures trader Nick Leeson could be in the hands of Singapore authorities by the middle of June. Television Corporation Singapore yesterday quoted a German prosecutor, Hans-Her-mann Eckert, as saying the Hesse High Court would make a ruling
      Reuter  -  168 words
    • 276 2 ONLY two out of seven properties put up for sale at Jones Lang Wootton's (JLW) auction yesterday went under the hammer. Both properties a 99year leasehold 1,474 sq ft apartment in downtown Anson Road and a 1,184 sq ft Housing
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  • Page 2 Advertisements
    • 127 2 A GET ROMANTIC WITH US W ■M Total Flexibility Incredible Variety Unbeatable Value igjfly Ira ROMANTIC MOMENTS AUSTRALIA UH ■mI The Reef House 7D/5N 1,973 Hyatt Regency Sanctuary Cove yvf |Pjm and Kooralbyn 7D/5N 1,919 W EUROPE Gfi flgl Channel Islands 7D/5N 2,890 Rome/Sorrento/Capri 9D/7N 2,913 JAgS Sm London/Paris 9D/7N
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    • 17 2 More jobs in the sales/ services industry are waiting for you in The New Paper Fastads today.
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    • 7 2 Editorial: An exercise in self-deception, Pg 14
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  • SOUTH-EAST ASIA
    • 418 3  -  Elections 95 By Ruth Wong KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad yesterday unveiled the National Front (NF) manifesto for the 1995 general election, promising continued development and prosperity for the nation. "The National Front government will ensure an average 7
      Reuter  -  418 words
    • 352 3  -  From Ho Kay Tat in KUALA LUMPUR PRIME MINISTER Mahathir Mohamad yesterday accused some leaders of the Parti Islam Malaysia (PAS) of indulging in un-Islamic practices such slandering those who opposed them. Speaking at the opening of a religious school in
      352 words
    • ELECTION SNIPPETS
      • 58 3 KUALA LUMPUR The final line-up of National Front (NF) candidates for the general election will be announced today or tomorrow at the latest. All the state NF chairmen received their respective lists of candidates from the party leadership yesterday. Most of them said they would announce
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      • 98 3 AFP KUALA LUMPUR Controversial Sabah state politician Jeffrey Kitingan yesterday said he would not campaign against his elder brother Joseph Pairin Kitingan as their mother did not want them to go to war. The two brothers have been at political odds since Jeffrey, 45, left his
        AFP  -  98 words
      • 79 3 Bernama KUALA LUMPUR Several business leaders are preparing to run for parliamentary and state seats. The Malaysian Business Times yesterday said possible candidates included Berjaya group director Adnan Mansor, Bank Simpanan Nasional chairman Zahid Hamidi: Island Peninsular chairwoman Shahrizat Jalil; Westmont Group chairman Joseph Chong; Tongkah Holdings
        Bernama  -  79 words
    • 395 3  -  By Vikram Khanna SINGAPORE Foreign direct investment approvals in the four developing South-east Asian economies of Indonesia, Malaysia, the Philippines and Thailand soared in 1994 after three years of decline, says US securities firm Merrill Lynch. Total approvals for the
      395 words
    • 283 3 Reuter, AP JAKARTA Apec finance ministers arc due to meet in Bali this weekend to discuss capital flows and exchange rates, but diplomats said yesterday that the forum is not expected to offer quick fixes to present currency woes. The one-day, informal
      Reuter,; AP  -  283 words
    • 129 3 AFP JAKARTA Indonesian manpower authorities aim to raise the government-set minimum wage level by between 11 and 12 per cent each year. Bisnis Indonesia daily yesterday quoted the director-gen-eral of industrial relations and manpower supervision, Suwarto. as saying that the annual rise would enable
      AFP  -  129 words
  • Page 3 Advertisements
    • 160 3 In the world of communications systems, we f re here to help. In 125 countries worldwide, we are Networks and entire business systems to INTELSAT VII satellite program and the helping to provide advanced communications the smallest mobile phones. And further TAT 12/13 transatlantic fiber optic cable. To solutions. These
      160 words

  • CHINA/HONGKONG/TAIWAN
    • 468 4 Bloomberg Business News TIANJIN With little fanfare but plenty of potential for its fortunes in China, Rupert Murdoch's News Corp has invested US$l2 million (S$ 16.8 million) to build four television studios in the northern port city of Tianjin. The
      Bloomberg Business News  -  468 words
    • 271 4 AFP TAIPEI Taiwan approved 73 inbound investment projects totalling U*****.7 million (SSSB6 million) by foreign foreigners on the island in the first quarter of this year, a 53 per cent climb over a year earlier. The Investment Commission yesterday said that among the
      AFP  -  271 words
    • 229 4 Knight-Ridder HONGKONG In an effort to boost sales. Sun Hung Kai Properties and New World Development have slashed the prices of their projects on sale by 10 to 22 per cent. A spokeswoman at Sun Hung Kai yesterday said the
      Knight-Ridder  -  229 words
    • 242 4 Reuter TAIPEI For the first time since 1949, businessmen from China have been given the green light to visit Taiwan. A spokesman at the Ministry of Economic Affairs yesterday said: businessmen from mainland China can apply after the Presidential Office formally announces
      Reuter  -  242 words
    • CHINA WATCH
      • 55 4 AFP SHANGHAI German and Chinese officials this week visited the Hengshan Lu station, along the first line of the newly opened Shanghai underground train system. The long-awaited subway, first of a planned six. was inaugurated on Monday, in a bid to unclog the teeming streets
        AFP  -  55 words
      • 89 4 Reuter HONGKONG China's central government has yet to adequately inform provincial and local authorities of their obligations under the Sino-US anti-piracy accord, the head of a US computer software makers' association said yesterday. Robert Holleyman, president of the Business Software Alliance (BSA). said: "It
        Reuter  -  89 words
      • 83 4 Bloomberg Business News BEIJING State investment in fixed assets reached 67.42 billion yuan (SSIO.B billion) in March. 41.4 per cent higher than for the same month a year ago, the official State Statistics Bureau reported yesterday. "It's generally not very good news." said Elizabeth Cheng,
        Bloomberg Business News  -  83 words
      • 61 4 AP TAIPEI Two Taiwanese navy vessels have arrived at an island in the disputed Spratly archipelago to support Taiwanese troops and reinforce the country's claims of sovereignty. The China Times newspaper yesterday quoted unidentified military officials as saying the vessels arrived on Monday at
        AP  -  61 words
      • 51 4 AFP TAIPEI Taiwan will seek to discuss the signing of double taxation avoidence agreements with other countries during the Asia-Pacific Economic Cooperation (Apcc) forum's finance ministers meeting in Bali tomorrow. Officials yesterday said Finance Minister Lin Chen-kuo will discuss the pact with other Apec members.
        AFP  -  51 words
      • 65 4 AFP TAIPEI About 300 right-wing members of the ruling Kuomintang (KMT) yesterday demonstrated in front of party headquarters and demanded the resignation of President Lee Teng-hui. The protesters, members of the KMT Salvation Committee formed on Tuesday, said Mr Lee was responsible for diverting the goal
        AFP  -  65 words
      • 65 4 AP BEIJING Ine employee of a securities firm in Shanghai has been sentenced to 18 years in prison for misappropriating funds to buy shares. Zhuang Xudong. 26, was convicted of misappropriating 3.39 million yuan (*****.000) from the Hainan Investment and Trust Co's Shanghai securities
        AP  -  65 words
  • Page 4 Advertisements
    • 220 4 Murdoch faces legal war over cable rights in India, Pg 19 Unfortunately, This Is What Most Secretaries See When They Type. w -n'-v.-'. »i*» <44MNMO»> mnMiiitri r •ww ttow fn vnn Mrp in«;iPresenting Brother View Mode Typewriters. Now, you can see what youVe just typed. ITTTT"MI AX 625:80 AX 325:
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  • Page 5 Advertisements
    • 358 5 W BREITLING 1884 **hfiifeL -:sj£%d^^jSjjM?* j&ijii'tf'if_ar^T^^"-^-*-•* f Ift£ L3tiSs*^S• -i- Wj^l.... k Multifunction quartz electronic instrument AEROSPACE watch with displays. Altitude. Speed. Time... All shown by a w Hours and minutes shown by conventional pointer or needle on an indicator, on the hands. latest aircraft. Because a pointer sweeping Alphanumeric
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  • ASIA
    • ASIA NOTES
      • 70 6 Knight-Ridder TOKYO Japan's trade balance for March is likely to have stood at a surplus of US$l3.5 billion (5518.9 billion), down slightly from the US$l4 billion posted a year earlier, according to a survey of Tokyo economists conducted by Knight-Ridder Financial News. Forecasts for the
        Knight-Ridder  -  70 words
      • 85 6 AFP SEOUL A thriving world market and the soaring yen helped South Korean semiconductor makers post an explosive 70 per cent growth in exports, a business tally showed yesterday. The three largest chip manufacturers Samsung, L G and Hyundai shipped U552.64 billion (553.7
        AFP  -  85 words
      • 64 6 Reuter COLOMBO The International Monetary Fund is holding talks with the Sri Lankan government on more concessional lending, the Fund's resident representative said. "We're continuing talks on how to provide financial support on a long-term basis to support the government's reform programme the possibility of
        Reuter  -  64 words
      • 76 6 AFP WELLINGTON New Zealand stands to earn around NZ517.45 million (5516.3 million) from next month's Asian Development Bank (ADB) annual meeting in Auckland, a foreign ministry official said yesterday. "We think that is a gross underestimation of the figures, it could be a lot more,"
        AFP  -  76 words
    • 430 6 Reuter SYDNEY Miners, factory workers and actors have walked off the job in Australia, forcing car-makers to shut down for two days and disrupting production of a famous television export, the serial Neighbours, as calls for pay rises grow.
      Reuter  -  430 words
    • 434 6 Reuter WASHINGTON A longsimmering trade dispute between the United States and South Korea that began over millions of dollars worth of hot dogs may be one of the first big tests for the new World Trade Organisation. Unless
      Reuter  -  434 words
    • 55 6 AFP NEW DELHI Sarai Kha toon, an 80-year-old who was blinded in the 1984 Bhopal gas-leak tragedy, holding a placard demanding extradition of former Union Carbide chairman Warren Anderson during a protest march on Tuesday. About 1,700 victims marched from the Supreme Court to Parliament House before
      AFP  -  55 words
    • 233 6 Reuter SEOUL Vietnam's Communist Party chief Do Muoi yesterday agreed with South Korean President Kim Young Sam to expand economic ties between their countries. Mr Kim's spokesman said Mr Muoi, the first general-sec-retary of Vietnam's Communist Party to visit South Korea, expressed hopes South
      Reuter  -  233 words
  • Page 6 Advertisements
    • 1978 6 BUSINESS TIM ES TOLL —FREE TEL. No. 1-800-741-1883 FAX:7AI-12&8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TUNGTEX FASHIONS PTE LTD ON LIQUIDATION) Extract of the Minutes of an Extraordinary Oanaral Meeting of the Company held on the 6th day of April, 1995: That
      1,978 words
    • 452 6 IN THE MATTER OF THE COMPANES ACT. CHAPTER 50 AND IN THE MATTER OF TRISTAff BUILDERS PTE LTD (Members' Voluntary Liquidation) At an Extraordinary General Meeting ol ttte Members ol TRISTAR BUILDERS PRIVATE LIMITED duly convened and held on 11th Apr 1995 the following was duly passed 1 SPECIAL RESOLUTION
      452 words
    • 492 6 M THE MATTER OF THE COMPAMES ACT, CAP. 50 ANO IN THE MATTER OF TMC SINGAPORE LIFTING/ LASHING EQUIPMENT PTE. LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary Ganaral Mealing ol tie members of tie abovenamed Compeny <My convened and held at 7 BuU Ban* Street 22,
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  • REGIONAL FOCUS
    • 764 7  -  Preview of ADB's annual meeting Reports from Anthony Rowley in MANILA THE FACT that there will be "observers" from the AsiaPacific Economic Cooperation (Apec) forum at this year's annual meeting of Asian Development Bank governors in Auckland next month is not something that is
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    • 725 7 THE Asian Development Bank has revamped its organisational structure and is preparing for' fundamental shifts in the way it does business with its borrowers. The changes took effect at the beginning of this year and are already affecting the way the
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  • Page 7 Advertisements
    • 240 7 FOR SALE PURPOSE BUILT FACTORY AT TUAS VICINITY gs^ Comprises a double storey office block, a single-storey warehouse, a single-storey fabrication building and anciliary buildings Land Area 190,000 sf Built-in 77,000 sf 5 Tenure Leasehold of 30 years wef 1982 8 Close proximity to the proposed second causeway to Malaysia
      240 words

  • THE WORLD
    • 300 8 AFP, UPI WASHINGTON President Bill Clinton is to set up a commission to examine trade relations between the United States and countries in the Asia and Pacific region. US Trade Representative Mickey Kantor said yesterday that Mr Clinton will issue
      AFP,; UPI  -  300 words
    • WORLD WATCH
      • 79 8 Reuter WASHINGTON Disturbing trends in child care, education and on-the-job training are undermining US competitiveness overseas, while threatening the long-term standard of living at home, a report yesterday found. The Council on Competitiveness, a coalition of business, union and education executives, concluded that
        Reuter  -  79 words
      • 77 8 AFP WASHINGTON Washington believes that a permanent extension of the Nuclear Non-Proliferation Treaty (NPT) would prevent rogue nations from acquiring nuclear firepower, despite the cases of signatories Iran and North Korea. Both nations have signed the 25-year treaty, which comes up for renewal
        AFP  -  77 words
      • 83 8 AP PARIS France, as rotating president of the European Union, yesterday expressed disappointment at the appointment of an American rather than a European to head Unicef. The EU had lobbied vigorously for a Western European to be named as head of the UN Children's Fund,
        AP  -  83 words
      • 60 8 AFP BRUSSELS The European Commission was yesterday expected to start an investigation of the French government's rescue plan for the government-owned bank Credit Lyonnais, a source close to the commission said. EU Competition Commissioner Karel Van Miert has made no secret of his
        AFP  -  60 words
    • 301 8 Knight-Ridder WASHINGTON The Commerce Department has finished revamping export licensing regulations, making it easier for US businesses to sell technology products overseas, Commerce Secretary Ronald Brown says. Under the new rules, US businesses will not have to get licences to export
      Knight-Ridder  -  301 words
    • 55 8 Reuter MINSK Opposition deputies sitting on the floor of the chamber of parliament in Minsk, the capital of Belarus, on luesday. They were staging a night-long hunger strike to denounce the policies of President Alexander Lukashenko, who wants to dissolve parliament. They were evicted from
      Reuter  -  55 words
    • 303 8 Reuter NEW YORK The slide in the US dollar against major world currencies should be halted by deficit reduction and not tax cuts, former US Treasury Secretary Lloyd Bentsen said. Mr Bentsen expects a modest recovery by the dollar, which has lost half
      Reuter  -  303 words
    • 266 8 Reuter LONDON Britain's retailers complain business has never been so tough, but some stores are raking in cash so fast they cannot find enough ways to spend it. Cost-cutting, market share gains and a more cautious approach to expansion than in the free-wheeling
      Reuter  -  266 words
  • Page 8 Advertisements
    • 65 8 So .here you are. undisputed heavyweight champion of the corporate out-thinking and out-manoeuvring your competitors. Now finally. all worth it. you think- Step into the new 960 and the answer is clear, world. Recall the many long days (and nights) spent out guessing. you stand before your new company car
      65 words

  • INNOVATION & TECHNOLOGY
    • 776 9  -  Seamus Phan checks out a prototype digital cassette format from NEC Seamus Phan The writer is the zone partner of a strategic quality management and technologyconsulting firm. He has been working with multimedia since 1986 THE audio market today is populated by completely
      776 words
    • 168 9  -  By Claire Leow MALAYSIA'S largest electronics exhibition, held once every two years, will be held from June 20 to 23 at the Putra World Trade Centre in Kuala Lumpur. Organised by the Malaysian Institute of Microelectronic Systems (Mimos), the exhibition covers Nepcon
      168 words
    • IN TAKES
      • 90 9 Reuter WASHINGTON The US government said scientists inserted a new gene into Thompson seedless grapes in the belief the genetic engineering will serve as a built-in protection against a common plant virus. The new gene should reduce economic losses within the grape industry and cut the amount of
        Reuter  -  90 words
      • 87 9 Reuter WASHINGTON An inexpensive vaccine made from tobacco leaves or potatoes could be as effective as commercial products in preventing diseases such as hepatitis, scientists reported on Monday. Researchers at Texas A M University and at the Roswell Park Cancer Institute in Buffalo, New York, reported
        Reuter  -  87 words
  • Page 9 Advertisements
    • 515 9 A WEEK BEFORE EASTER the loss of a large airline account to become one of AND LEO BURNETT the hottest new-business agencies in Hong Kong, with I I uac AI READY RISEN I ilflw I strong growth continuing in Japan and Australia. Our H Well, we do try to beat
      515 words

  • THE LAW PAGE
    • 1179 10  -  US court rules that a partner has a right to his former law firm's brand name, reports Rita Henley Jensen Rita Henley Jensen NYT Evan dawson can ga/e out his eighth-floor office window on Park Avenue and survey the blocks of Manhattan's large law firm
      NYT; Dollars and Nonsense  -  1,179 words
    • 130 10 Ex-Khattar Wong partner joins Tan Jude Benny Co AT THE-®^ Former Khattar Wong partner Scott Thillagaratnam, who raised a few eyebrows by giving up his senior position with Singapore's largest practice, has again surprised fellow lawyers. Mr Thillagaratnam has agreed to join Joseph Tan Jude Benny and Co, a small
      130 words
    • 189 10 ENGLISH judges, it seems, love their wigs. Lord chancellor Lord Mackay said in a formal ruling on Tuesday that barristers. the traditional advocates in serious criminal cases, should continue the age-old tradition of wearing horse-hair wigs. And that might be a hairraising decision for some
      189 words
    • 112 10  -  By Ramesh Divyanathan IN AN arbitration case two years ago. a 70-year-old transcriber suffered a heart attack and died on the job. Lawyers rushed to his aid one even gave mouth-to-mouth resuscitation but attempts to revive the man. including those by first aid people who arrived
      112 words
  • Page 10 Advertisements
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  • SPORTS
    • 734 11 America's Cup AP SAN DIEGO Leave it to Dennis Conner to stir up the action in the America's Cup. Left for dead at the end of the semifinals, Conner's Stars and Stripes handed faltering Young America its second straight loss on Tuesday
      AP; Reuter  -  734 words
    • 65 11 Reuter PORT ST LUCIE, Florida New York Mets' Bobby Bonilla (25), turning his head and smiling as the rest of his teammates turn their backs towards the coaches as a joke during their team picture photo session on Tuesday. They spent the morning
      Reuter  -  65 words
    • 465 11 Golf AP LAKE OCONEE, Georgia Corey Pavin's short game mastery left Phil Mickelson shaking his head in disbelief and out of the tournament. "A guy holing, 40, 50-foot-ers, chipping in for par, you don't see that all the time," Mickelson said
      AP  -  465 words
    • 562 11 Rugby World Cup countdown Reuter LONDON When England flew out of Cape Town last June having been thumped 27-9 by South Africa in the second Test, there seemed more chance of them spotting a wildebeest at Twickenham than winning the
      Reuter  -  562 words
    • SPORT SHORTS
      • 240 11 AP SAN FRANCISCO Quarterback Joe Montana's long-rumoured retirement from football is to become fact earl\ next week with a public sendoff in San Francisco, according to a source. Montana's fans will be able to say goodbye to him in a ceremony downtown before his formal farewell at a
        AP  -  240 words
      • Article, Illustration
        133 11 NEW YORK The Dallas Mavericks worked overtime for a critical victory, and the San Antonio Spurs hardly showed up in a rare loss. Dallas is two games behind Denver and Sacramento in the race for the final playoff berth in the NBA's Western Conference after a wild 156-147 double-overtime
        133 words
      • Article, Illustration
        54 11 GRLKNSBORO, Georgia World Championship of Golf matchpla) event Ist rd luesda) LS section: Lorcn Roberts b Tom Kite 3 and 2: Corey Pavin b Phil Mickclson 3 and i. Rest of the World section: Craig Parr> (Aust) b Mark McNulty (Zim) 1 up; David Frost (S.M b Fduardo Romero
        54 words
      • Article, Illustration
        151 11 AFP IONDON World champion Michael Schumacher says he may quit Formula One for IndyCar racing following a recent series of controversies. according to a newspaper report here on Tuesday. The 26-year-old German, whose contract with Benetton finishes at the end of this year, feels his achievements are being undermined
        AFP  -  151 words
      • Article, Illustration
        174 11 Reuter LONDON Manchester United have denied a new report that their French star Eric Cantona will leave the club to join Italian side Inter Milan. The Daily Mirror claimed yesterday that the controversial Frenchman is set to become a mul-ti-millionaire by ending his threeyear spell in England. But the
        Reuter  -  174 words
  • Page 11 Advertisements
    • 285 11 BUSINESS T 1 M Li S TOI.L-FREE TEL. No. 1-800-7*l-1883 KAX 741-1298 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF OMRON ASIA PACIFIC TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act,
      285 words
    • 336 11 INFHline An SPH AudioTex Senice ENGLISH NUMBER Children's Funland :On Top of Spaghetti 910 0001 Usborne Book Line The Vampire In Fiction 910 0002 Horse Racing Results 911 0001(*) 4D/Sweep/TotO Toto Draw No 963 911 0002(*) Tele-Games I Mrs Wizards's Crystal Ball 8 A 911 0003 Crack The Safe Mensa
      336 words

  • Page 12 Advertisements
    • 345 12 No. lin the +USA. WHERE TO WINE, DINE AND ENTERTAIN Ham*e«ok«d f|| 10 Varieties of Pasta |H| H|| 20 different sauces 151 And all-time Italian favourites A JSI antipasti, pizza and puccia. -WO L PASTA FRESCA DA SAIVATORE FTC LTD WM I •30 Boat Ck**; S(0104)(0pei84 housX Tct 539 6283/532
      345 words
    • 279 12 111!!# 8 EXOTIC CUISINES FOR JUST ONE PRICE. @afe $16.80 for lunch. Or $19.80 for dinner. To qet a seat, we advise you to call 737 2911 *T' l X t BOULEVAKD HOTEL Ext 2868 early for a reservation. a»(w«d Mrmi. Prices subject to 10* service charge. 1* cess 8
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    • 351 12 I LUNCH OR DINNERTI I FEAST ALL YOU ICA N j jjj That's over 50 delightful dishes in all! Aft Featuring the best talked alx>ul m seafcxxl and Cantonese cuisine. V All you can eat. Complimentary platter K of Peking Duck Suckling Fig S g plus Guiling Herbal Jelly. g
      351 words
    • 311 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. snapper, sea bass... if it can be caught, it can be gf||lp cooked. And we know all the delicious ways. fTj Continental or
      311 words

  • LIFESTYLE
    • 703 13  -  Singapore International Film Festival Captivating opening movie The Red Lotus Society will put viewers on cloud nine, writes Susan Tsang Susan Tsang THE SINGAPORE International Film Festival kicks off tonight with a surreal visit to The Red Lotus Society. Though it is about a mythical skill,
      703 words
    • 361 13  -  Corinne Kerk describes a chic treat for prized clients Corinne Kerk FOR COMPANIES which want to treat their clients to some world-class entertainment. The Phantom Of The Opera, currently playing at the kallang Theatre, is a sure choice. But if you think
      361 words
  • Page 13 Advertisements
    • 356 13 WHERE TO WINE, DINE AND ENTERTAIN EAT-ALL-YOUCAN BBQ at Melia. fi with the whole family iTIO Coffeehouse for a >tuous. mouth watering e: $26.00+ (Adult) $12.50+++ (Child) HOTEL MELIA AT SCOTTS TEL *****85 FAX *****32 It's now performance time for aspiring singers-to-be. Indulge in English, Mandarin, and Cantonese Karaoke at
      356 words
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  • Page 13 Miscellaneous
    • 1184 13 I TV RADIO lIHImHiIIIiM KHw®m»3 Movie Magic: Matte Photogra- /xJ phy Big Shots, 9pm, Ch 12 T\ f im- ages arc combined to produce Hfj\7rS i film I'tw v \isit Russia. to Philby. widow spy Kim. They ask if she to sell >■ > dM j^^-MHk John Larroquette and kir*.tie
      1,184 words

  • 553 14 EDITORIAL THE decision by President Fidel Ramos and Prime Minister Goh Chok Tong to keep bilateral relations on an even keel has been the most welcome development in three weeks of hysteria in the Philippines over Singapore's hanging of Flor Contemplacion. It would have been detrimental
    553 words
  • WHAT THE OTHERS SAY
    • 298 14 THE good news is that Singapore managers probably need less persuasion than blue-collar workers of the good sense in furthering their education. They are probably also better able to grasp the implications of industrial restructuring and global economic integration. Nowhere is this more evident than in Singapore's
      298 words
    • 95 14 THE Berlin conference on the environment which ended last week was hailed for uniting countries worldwide to seek ways to reduce emission of harmful gases. However the declaration, after a long and arduous verbal battle between developed and developing countries, is not binding. The developed nations are
      95 words
    • 157 14 IT IS indeed regrettable that the longstanding ties between Singapore and the Philippines had to be put to the test because of this incident. About 70,000 Filipino maids are said to be working here. They, together with their Singaporean employers, must surely be monitoring the developments of
      157 words
    • 143 14 CHINA should reconsider its refusal to join Thailand. Vietnam, Laos and Cambodia in a formal agreement to protect and preserve the Mekong River basin. The Agreement on the Cooperation for the Sustainable Development of the Mekong River Basin is a major step in the right direction.
      143 words
    • 107 14 THE sudden outbreak of brutality in the Philippines illustrates again that terrorism is an international problem. Governments and their security agencies must cooperate lest terrorism continues to spread. The killings, kidnappings and other violence in the Philippines should serve as a lesson. Terrorism is a worldwide problem.
      107 words
    • 175 14 TAKING into account the cumulative inflation of 24 per cent over the last three years, the rise in sugarcane farmers' income is only six per cent in real terms. That is surely not a significant boost to their terms of trade. No wonder, most farmers
      175 words
  • 1062 14  -  Investors' euphoria over East Europe has diminished somewhat. Wolfgang Hummel examines why the region is not as good a place to invest as South-east Asia Wolfgang Hummel The writer is deputy director of Berlin's Department of Investment which deals with the rebuilding of the former
    1,062 words
  • Page 14 Advertisements
    • 141 14 Besides automated cash reconciliation, And the security we provide through securities reconciliation and Electronic message encryption, authentication and Trade Confirmation, there are many validation. other reasons to join S.W.I.F.T. All things considered, perhaps the Consider, for example, cost-effective best way to keep up with S.W.I.F.T. is to financial messaging to
      141 words
  • Page 14 Miscellaneous
    • 78 14 /ivAt, cjhzp&O,o4 MPIND [NOT on Neuie— \NTeK£ST.tfC, I Cf^i 720 PvND then V\ p UK£OtJG 6£Tu)€jeN "TWCSeTiOO ffejJS I COUPIC. OF \r T: m(? sroßempsN V I Houfcs con\NG dolon hei?e. Rdr F DOTGN -—=L_ TTM£S BCFQge H RUNS OUT 1 (C^RKOSPgINTS, UOOlp MPU DOONESBURY GARRY TRUDEAU houj /r i
      78 words

  • ANALYSIS
    • 1332 15  -  Why has the US suddenly become receptive to a transatlantic trade alliance? Leon Hadar looks at the significance of the proposed Nafta-EU pact Leon Hadar The writer is BT Washington correspondent CANADA'S Minister of International Trade, Roy MacLaren, was in Washington recently trying
      1,332 words
    • 284 15 AN American-European alliance is likely to strengthen opposing forces in Asia who would like to see Tokyo playing a leadership role in an Asian trade grouping which excludes the US and putting more emphasis on its trade ties with the region. While very
      284 words
  • Page 15 Advertisements
    • 27 15 O o O o o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. f Business Times WE KNOW ASIA
      27 words
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      48 words

  • 665 16  -  From Anthony Rowley in TOKYO JAPANESE corporate giant Mitsubishi Electric yesterday became the latest in a series of Japan's leading industrial groups to announce that they will shift more production offshore or procure more parts overseas in an attempt to counter
    665 words
  • 495 16 Reuter BASLE Banks of leading industrial countries would for the first time have to set aside capital for potential losses from volatile financial markets under proposals unveiled yesterday. The measures were put forward by the Basle Committee on Banking Supervision,
    Reuter  -  495 words
  • 49 16 Reuter LONDON A policewoman speaking to an animal rights protester outside the High Court here yesterday. Bans on livestock exports imposed at ports, due to fears over a disruptive and sometimes violent campaign by animal rights activists, were ruled unlawful and invalid by the High Court. Router
    Reuter  -  49 words
  • 193 16 AP TOKYO Police yesterday arrested the security chief of the cult suspected of Tokyo's nerve gas attack and accused him of kidnapping a member who had tried to escape from the group. The cult, Aum Shinrikyo, is the chief suspect in the March 20 release
    AP  -  193 words
  • 178 16 AFP. Reuter JOHANNESBURG Winnie Mandela has been reinstated to her ministerial post after President Nelson Mandela decided his dismissal of her two weeks ago was legally invalid. Deputy President Thabo Mbeki yesterday said, "Mrs Mandela has been informed that she still holds the position.
    AFP.; Reuter  -  178 words
  • 265 16 AFP BEIJING China's political transition to a new generation of leaders has been completed smoothly. Premier Li Peng said yesterday, two days after the death of one of the key members of the old guard. Mr Li, speaking to foreign businessmen participating in the
    AFP  -  265 words
  • 324 16 MBT KUALA LUMPUR Malaysia stands firm by its decision to impose licensing requirements on the imports of plastic resins, and its subsequent measure to lift them had nothing to do with pressure from Singapore or any other country. International Trade
    MBT  -  324 words
  • 915 16  -  The Bottom Line SHIV TANEJA SHIV TANEJA The writer is a BT journalist FOR the 200-odd foreign participants at the first-ever Euromoney conference, held in Sri Lanka last week, the most important news came at the end of the two-day talkfest. Delegates
    915 words
  • 392 16 Reuter TOKYO Japan is abandoning its previous allergy to an Asia-only economic forum by suggesting a widening of Malaysia's original membership list to include Australia and New Zealand. Until recently, it had been assumed that Tokyo was holding Kuala Lumpur's EAEC
    Reuter  -  392 words
  • 297 16 AP. Reuter WASHINGTON United States consumer prices edged up just 0.2 per cent in March, the smallest increase this year, as a sharp drop in fruit and vegetable prices helped to offset higher costs for airline fares and vehicle loans.
    AP.; Reuter  -  297 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • 50 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barings. Credit Lyonnais Securities. Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfetl, Ong Co. Nomura. Phillip. Smith New Court. W1 Can and SG Warburg
        50 words
      • Article, Illustration
        101 17  -  By Paul Leo PUBLIC Bank at $1.96 is a buy. Any short-term weakness is limited to the floor at $1.80. Weekly and monthly Relative Strength Indices are below 25, indicating an oversold condition. Buying interest, though small, is picking up. Yesterday's volume of 37,000 units is more than
        101 words
    • 675 17  -  By Jenny Lam SINGAPORE Isetan Singapore is expected to be back in the black within two years after slipping into the red in financial year ended March 1994. Kazumasa Koshiba, president of the Japanese Isetan group, told Business
      Picture by Chris Loh  -  675 words
    • 249 17  -  By Teh Hooi Ling SINGAPORE Shipping group Hai Sun Hup yesterday announced a one-for-one rights issue to raise about $106 million for investment in hotels, vessels and its other principal activities. Hai Sun Hup yesterday also reported a 9 per cent fall
      249 words
    • 236 17  -  By Pek Tiong Gee SINGAPORE United Industrial Corp yesterday officially Launched a holding company, UIC Technologies Pte, following the revamp of its computer division. From April 1, UIC Computer Systems was restructured into three business units UIC Network Distribution, UIC Computer Systems and UIC
      236 words
    • 810 17  -  HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR It is common that reverse takeover targets see their share prices sparkle. But the magic worked only briefly when Sabah state proposed its takeover of North Borneo Timbers Bhd (NBT) about two weeks
      810 words
    • 231 17 SINGAPORE Malaysian fi-nance-to-property group Pengkalen Moldings has been given more time by the Securities Industry Council to prepare its takeover offer for Sunshine Allied Investments. Merchant bank Simbl says Pengkalen has been given a 14day extension to the 28-day period allowed for the despatch
      231 words
    • COMPANIES
      • COMPANY BRIEFS
        • 70 18 SINGAPORE Vickers Ballas Holdings has acquired 780,000 shares of 100 pesos each in the capital of Vickers Ballas Securities (Philippines) for 78 million pesos (SS4.I million). With the acquisition, the issued and paid-up share capital of Vickers Ballas Philippines is 160 million pesos.
          70 words
        • 113 18 SINGAPORE Most of the HPL Group's increase in income from $848,000 in 1993 to $7.55 million last year came from its Australian subsidiary Brash, which it acquired in 1994. The $4.4 million contribution comprises mainly discounts received, telephone commissions, interest and cartage received. HPL disclosed
          113 words
        • 73 18 SINGAPORE Causeway Investment signed a Memorandum of Understanding yesterday with Malaysian company Tunas Mayang, which makes compact electricity sub-stations. Compact substations can be assembled quickly off-site and then installed and commissioned on-site, making them suited to countries where electricity consumption is rising rapidly. Causeway or
          73 words
        • 68 18 Bernama KUALA LUMPUR Shah Alam Properties recorded a 141 per cent increase in group pre-tax profit to M 524.7 million (5513.9 million) for the year to Dec 31, 1994, from M 510.2 million previously. Group turnover rose 33.8 per cent to M 5116.4 million from
          Bernama  -  68 words
        • 70 18 Bloomberg Business News MANILA Acer, Taiwan's largest computer manufacturer, will invest US$2B million (5538.9 million) in the Subic Bay Freeport for a factory to make motherboards and other computer parts. Acer president Stan Shih is set to sign an agreement with the Subic
          Bloomberg Business News  -  70 words
      • 419 18 Bernama KUALA LUMPUR MBf Holdings Bhd recorded a 23 per cent rise in group pre-tax profit to Ms 99 million (Ssss million) for calendar 1994 from MsBo million in 1993. President and chief executive Loy Hean Heong, announcing its audited results yesterday, also
        Bernama  -  419 words
      • 142 18 Reuter KUALA LUMPUR Malaysian dam developer Ekran Bhd said yesterday that it has not received any official notice from the Malaysian government that its equity holding of the massive Bakun dam project would be shared out. In a brief statement to
        Reuter  -  142 words
      • 360 18 AFP WASHINGTON Macy's, a leading American department store chain, has confirmed that it is ending production operations in Myanmar, citing a difficult business climate as part of the reason for the pullout. Macy's decision to end production "was based on purely internal
        AFP  -  360 words
      • 564 18 Singapore Unit Trust U08 Asset Mgt Ltd The Commcrcc 1.37 1.66 IJnifund 1-33 1.39 The Savings Fund 1.41 l.49xd Inibond* 1.025 1.030 S'porc Prog Fund 0.57 0.61 Lniicd Gr Fund 1.54 1.60 S'pore Sec Fund 0.94 100 United Asu Fund 1.49 I 57@ S'pore Invest Fund 1.10 1.17 Uni Basic
        564 words
      • 199 18 MBT KUALA LUMPUR MBf Holdings Bhd plans to further expand its motor vehicle and hotel activities overseas. President and chief executive officer Loy Hcan Heong yesterday said that based on MBf-Peugeot's good performance. the division was considering entering Vietnam. "We hope to
        MBT  -  199 words
      • 442 18  -  By Shiv Taneja SINGAPORE United Overseas Bank's asset management arm has raised a total of $62 million from two CPF-ap-proved unit trusts launched last month. The managing director of UOB Asset Management. Daniel Chan, said yesterday that at the end of
        442 words
      • 595 18 Reuter SINGAPORE Asia's stock markets, once a thriving source of initial public share offerings (IPOs), have lost their vigour as investors consider the implications of the dollar's fall. "In the last month or so. the appetite for new issues has
        Reuter  -  595 words
      • 212 18 AFP JAKARTA German telecommunication giant Deutsche Telekom can sell part of its stake in Indonesia's Satelindo to a third party, according to a Satelindo official. Satelindo commissioner Sctyanto Santosa was quoted by the Jakarta Post yesterday as saying that Satelindo and Deutsche
        AFP  -  212 words
      • 506 19 Reuter STUTTGART, Germany Daimler-Benz AG has run into problems with its planned listing on China's Shanghai Stock Exchange. Finance chief Gerhard Liener told Daimler's annual results conference yesterday: "Our impression from our talks with the Chinese authorities is that domestic
        Reuter  -  506 words
      • 351 19 Bloomberg Business News HONGKONG Chinas Tsingtao Brewery Co has revealed that it lent part of the proceeds raised from share flotations in Hongkong and China but denied that that resulted in a shortage of capital to develop its
        Bloomberg Business News  -  351 words
      • 313 19 Reuter BOMBAY India's largest owner of Hindi film rights yesterday said he planned to do legal battle in India and Hongkong with a Rupert Murdoch TV affiliate over cable distribution rights in South Asia's fledgling pay-TV market. Dhirubhai Shah and satellite
        Reuter  -  313 words
      • COMPANY BRIEFS
        • 46 19 Reuter CHICAGO Kemper Corp, which has been on the auction block for nearly a year, said on Tuesday it agreed to be acquired by Zurich Insurance Group of Switzerland and an investment group for more than US$2 billion (Ss2.B billion). Reuter
          Reuter  -  46 words
        • 56 19 Reuter LONDON Hotels and restaurants group Forte pic yesterday reported a 67 per cent jump in its annual pre-tax profit, excluding exceptional items. Pre-tax earnings in the year ended Jan 31 rose to £127 million (Ss2B2 million) from £111 million the previous year, which included
          Reuter  -  56 words
        • 38 19 Bloomberg Business News EINDHOVEN, Netherlands Philips Electronics said it will set up a 50-50 joint venture with Shin Kwang Enterprise Co of Korea to produce fluorescent and compact fluorescent lamps. Bloomberg Business News
          Bloomberg Business News  -  38 words
        • 30 19 AFP HELSINKI Finnish telecommunications group Nokia has signed a wide-reaching cooperation agreement with the Chinese Post and Telecommunications Industrial Corporation, Nokia said yesterday. AFP
          AFP  -  30 words
      • 358 19 Bloomberg Business News TOKYO Matsushita Electric Industrial Co is likely to use the US$5.7 billion (SsBo billion) it earns from the sale of MCA Inc to build up its computer chip manufacturing power. Matsushita, the world's largest consumer electronics maker, will sell
        Bloomberg Business News  -  358 words
    • FINANCE & COMMODITIES
      • 577 20 AFP YICHANG, China China has scrapped plans to issue bonds overseas to make up a one billion yuan (S$ 165 million) shortfall in this year's funding for the vast Three Gorges dam project in Hubei province. Three Gorges Project Development
        AFP  -  577 words
      • 412 20 Reuter ■HONGKONG Hongkong's homegrown investment bank Peregrine is keeping its eyes firmly on Asia, convinced it can make money off growth in the region. "The West is going down the hill. Asia is going up the hill. We want to be on
        Reuter  -  412 words
      • SMALL CHANGE
        • 68 20 Reuter TOKYO General Electric Capital Corp, a unit of General Electric Co of the US, will buy part of Japan's Shinkyoto Shinpan Co Ltd's credit card business, a Shinkyoto Shinpan official said. G E Capital will buy the credit extended to businesses and
          Reuter  -  68 words
        • 67 20 Knight-Ridder TOKYO The Industrial and Commercial Bank of China opened an office in Tokyo yesterday in a bid to enhance relations with Japanese financial institutions for jointly providing banking and other financial services to Japanese firms entering China as well as Chinese concerns seeking Japanese
          Knight-Ridder  -  67 words
        • 63 20 Bloomberg Business News CANBERRA Australian Finance Minister Kim Beazley said the government has appointed more investment banks to help with the public share sale of Qantas Airways. He said ANZ McCaughan Corporate Financial Services Ltd, BZW Australia Ltd, Ord Minnett Corporate Finance Ltd and J
          Bloomberg Business News  -  63 words
        • 73 20 Reuter HONGKONG CP Pokphand Co said it had launched its US$lOO million (S$ 140 million) five-year term floating rate note (FRN) issue. The proceeds will fund the expansion and investment in its China agri-industrial businesses and to prepay an outstanding syndicated loan facility. The
          Reuter  -  73 words
        • 56 20 Bloomberg Business News TAIPEI Rabobank of the Netherlands has received permission to open a representative office in Taipei, the ministry of finance said. It said Rabobank has had extensive contact with Taiwan banks and will open the office to gain a better understanding of
          Bloomberg Business News  -  56 words
        • 52 20 Reuter BONN Germany's biggest insurance company Allianz said it would cut 1,000 jobs in its eastern German subsidiary Allianz AG according to the Handelsblatt newspaper. Its chairman Guentcr Ullrich told the paper the move was necessary to attain the production levels of western
          Reuter  -  52 words
      • 431 20 Reuter JAKARTA Indonesia, the world's third largest tin producer, dropped a bombshell yesterday by saying it plans to question the need for the Association of Tin Producing Countries' (ATPC) export quota scheme. The Mines and Energy Ministry's director-gcneral of mining, Kuntoro
        Reuter  -  431 words
      • 381 20 Bloomberg Business News WELLINGTON The New Zealand government plans to issue inflation-indexed bonds and that means lower interest costs on public debt. Reserve Bank of New Zealand governor Don Brash said yesterday. Issuing such bonds also would help the central bank fight
        Bloomberg Business News  -  381 words
      • 326 20 JAKARTA Bank Indonesia will soon introduce benchmark interest rates to meet the need for more reliable reference rates in the country. The Jakarta Post quoted an executive of the central bank as saying. Herinowo, Bank Indonesia's director of money market activities, said yesterday that
        326 words
      • 301 20 ENERGY REPORT Reuter LONDON World oil prices reached new highs for the year yesterday but later lost ground as a month-long rally paused for breath. Prices surged in the morning as a month-long rally found fresh impetus from news of lower-than-cxpected North Sea crude
        Reuter  -  301 words
      • Article, Illustration
        1521 20 index calculated S'pore's top 14 trading partners Base year: 1985 US$/S$ forward rates Noon /Apr 12 ss Bid Offer 1-month 1.3941 1.3953 2-month 1 3898 1 3910 3-month 1 3858 1.3870 6-month I.J748 1.3765 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m on Apr 12 Singapore dollars to one
        index calculated S'pore's top 14 trading partners Base year: 1985  -  1,521 words
      • 104 20 Reuter NEW YORK The dollar was narrowly mixed in quiet midday trading after getting a bit of a boost from cross-cur-rency flows, dealers said. Dealers said the dollar was given a slight lift against the mark as the German currency slid below 60 yen. At midday, the dollar
        Reuter  -  104 words
      • 178 20 Reuter LONDON The dollar idled aimlessly throughout the European session as European operators were content to keep positions squared ahead of the Easter holiday. The mark's retreat below 60 yen gave the dollar a slight lift against the mark but dealings were kept at a minimum, dealers said.
        Reuter  -  178 words
    • COMMODITIES & FUTURES
      • 1385 21 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures closed little changed in tight range-trading. "The underlying tone for the Euroyen is actually quite bullish," said a dealer at a Japanese firm. "People are still waiting for a signal to start buying up, but overall,
        Reuter  -  1,385 words
      • 629 21 COMMODITY REPORTS KL Tin THE lack of foreign interest saw the price of tin on the Kuala Lumpur Tin Market (KLTM) easing by one sen to M$ 14.40 per kg yesterday. A local dealer said only domestic buyers were in the market and
        629 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 87 21 HAMBURG German coffee trader Bemhard Rothfos said in a report yesterday that German roasters are buying green coffee cautiously, and tending to reduce their coffee stocks. Coffee consumption is weak in Germany, late positions at futures markets are not traded at a premium any more, and,
          87 words
        • 67 21 SAO PAULO Brazil's first-quarter green coffee exports, down from the past three years, reflect declining crops, with the trend expected to continue next year, traders said. Brazil's frost and droughtdamaged 1995-96 (May-Apr) crop is expected to weigh in at between 13 and 18 million 60
          67 words
        • 60 21 LONDON About 1.9 million tonnes per year of aluminium capacity has yet to be restarted by Western producers after cuts in recent years, the metals analysis team at Macquarie Equities reported yesterday. Macquarie says 150,000 tonnes of aluminium production cuts, made in line with last
          60 words
        • 83 21 SEOUL Prices of China's zinc exports to South Korea averaged U551,022 a tonne, CIF, in March, down 1.1 per cent from the February average price of U551,033, a South Korea trade group said yesterday. The Association of Foreign Trading Agents of Korea linked
          83 words
    • 1539 21 SICOM Futures Apr 12 OfIKKav RHI KllDMf rwysicai rncts (futures ctostaf at 5.30|w) m RSS1 Contract (S cents/kg) As at 12 mm (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest RSS 2 May 95 268.00 269.00N May 9$ 269"50 ***** 269 50 50 1825 RSS
      1,539 words
    • REGIONAL STOCK MARKETS
      • 1101 22 18.3 The Australian share market closed much firmer with the market breaking above through the psychologically significant 2,000 level late in the session. The All Ordinaries index finished 18.3 points firmer at 2,010.9, its highest level since Nov 3, 1994 The June share price index contract ended 12 points
        1,101 words
      • 628 22 12.76 The Philippine stock market continued its rise yesterday due to various positive developments that pulled up the different sectors, analysts said. The Philippine Stock Exchange Index rose half a per centage point or 12.76 points to hit 2,496.78 points. Volume shot up by 83 per cent to 4.41
        628 words
      • 465 22 +0.2 Share prices closed slightly higher yesterday on the Korea Stock Exchange on a technical correction, dealers said. The Composite Price Index nudged up 0.2 of a point to finish at 893.47 points, ending a losing streak over the past three trading days. Trading volume also rose to 17.1
        465 words
      • 319 22 -8.94 The share market finished a mixed day slightly lower. Selling in leaders, particularly in Telecom, which eased eight cents to NZ$5.BB, helped pull the NZSE-40 Capital Index back to 2,048.63, down 8.94 and off the 2,057.57 session high. "The market started fairly weak, rallied and was sold
        319 words
      • 634 22 -34.72 The Taipei bourse yesterday remained bearish for a third losing session amid wait-and-see sentiment among investors, dragged down by market heavyweight banking and insurance shares with a 1.2 per cent slide, dealers said. The 419-issue Weighted Price Index on the Taiwan Stock Exchange slipped another 34.72 points, or
        634 words
    • WORLD STOCK MARKETS
      • 706 22 Britannia Funds Sterling Cash BW Offw Mint Cap Depmit J8 6400 J* 6500 Mim Jeney Gilt 0 l«93 0 1992 Mim Ma» Income ****** *0 9400 ISS Cash Income Plus Fund 10 0900 10 6300 PS Reserve Fund J 4400 4500 Stcrliat Kquity Euro Performance 0 4592 0 4938 Far
        706 words
      • 627 22 18.9 UK stocks rose as the dollar gained and a smaller-than-expected drop in British unemployment bolstered hopes that interest rates won't have to rise much further to slow economic growth. Interest-rate sensitive bank stocks paced the advance, while export shares also gained as the dollar rose against the pound
        627 words
      • 156 22 +2.62 French shares motored ahead in mid-afternoon to close higher after a stalled start to the day. Traders said a surprise bid from US entrepreneur Kirk Kerkorian for the Chrysler car giant kick-start-ed Wall Street and operators hoped Paris would slipstream behind US gains. But the CAC-40 started to
        156 words
      • 204 22 -5.26 German shares closed floor trade barely changed from mid-day levels and still locked in narrow lacklustre range trade before the US economic data and upcoming Easter holiday. Despite US data, traders still see range between 1,990 and 1,970. Hopes for a move over 2,000 before Easter mostly extinguished
        204 words
      • 139 22 +8.85 Half an hour before closing the Stockholm bourse made a complete turnaround in reaction to a bid on the US car manufacturer Chrysler. After a negative trend for the greater part of the day the OMX Index closed up 8.85 points or 0.76 per cent at 1,180.29. "This
        139 words
      • 162 22 +6.06 Belgian stocks rose after lower-than-expected US inflation figures and a cut in interest rates by the Belgian central bank. The Bel2o Index of leading shares closed up 6.06 points at 1,365.25, its highest since Feb 6. The yield on the 10-year Belgian government benchmark bond rose to 7.86
        162 words
      • 128 22 +42 Italian shares closed higher amid expectations that economic recovery and new regulations on private pension funds would boost insurer and bank earnings. The all-share Mibtel Index rose 42 points, or 0.44 per cent, to 9,520. The narrower Mib3o Index was up 100 at 13,841. The Mibtel has traded
        128 words
      • 249 22 +0.91 Dutch shares bounced out of an uninspired session and into positive territory after a surprise rate cut by the Dutch central bank in the late afternoon and on shortcovering ahead of the Easter break. The AEX Index ended up 0.91 points at 404.94. "But there was hardly any
        249 words
      • 247 22 +0.84 Swiss shares ended a lacklustre day little changed as the market lacked factors to trade on, dealers said. Investors held back and were unwilling to open new positions ahead of the Easter holiday weekend. The broad SPI Index was up 0.84 points to 1,668.27. The blue-chip SMI Index
        247 words
      • 361 22 -6.9 South African shares ended another slow day's trade mixed yesterday as interest remained low but golds managed a mild recovery on bullion's climb above US$39O an ounce. The Overall Index was 9.3 points better at 5,352.2 as it reflected gold and min- ing stock gains, the Industrial Index
        361 words
      • 269 22 +1.96 Stocks were slightly higher in meandering midday trade as the market pauses from Tuesday's rally, traders said. The TSE 300 Composite Index rose 1.96 points to 4276.94 on volume of 24.71 million shares valued at Cs4o2 million. Advancing stocks barely gained against declines 224 to 222, with 271
        269 words
      • 809 22 +7.96 US stocks were mixed as gains in car shares contended with a decline in technology issues. The Dow Jones Industrial Average rose as much as 7.96 to 4,195.04. after falling as much as 4.84 points earlier. Among broader market measures, the Standard Poor's 500-stock Index was up
        809 words
    • Article, Illustration
      2861 23 Reuter, Bloomberg Business News HONGKONG Stocks finished marginally lower after light US buying trimmed most of the 60point early loss but trading was very quiet, brokers said. The Hang Seng Index eased 4.91 points to close at 8,509.69. Turnover was HK.51.71 billion against a revised HKSI.B9 billion on Tuesday.
      Reuter,; Bloomberg Business News; Source: Bridge Info  -  2,861 words
    • Article, Illustration
      568 23 CLSA THE H shares weakened 0.6 per cent, mirroring the lacklustre performance of the Hongkong market. Turnover was only HKS73 million. The activity concentrated on Yizheng, which climbed 0.9 per cent, while the traditional favourites Maanshan Steel and Shanghai Petrochem were sidelined. In Shanghai, the CLSA B Index dropped
      CLSA  -  568 words
    • Article, Illustration
      1179 23 Bloomberg Business News JAKARTA Stocks fell for a fourth day to a 15-month low amid concern over the dollar and the Indonesian rupiah's weakness against the yen. Foreign investors, who are the driving force on the Jakarta market, are wary of committing capital to a market they regard as
      Bloomberg Business News; Source: Bridge Info  -  1,179 words
    • Article, Illustration
      2510 23 AFP TOKYO Japanese share prices firmed up yesterday with the key market index gaining 0.5 per cent on futures-led buying and bargain hunting while investors were heartened by the stabler yen-dollar rate. The 225-issue Nikkei Stock Average closed 76.04 points higher at 16,344.92 for its third straight daily gain
      AFP; Source: Bridge Info  -  2,510 words
    • 2498 24 u u 1995 L»* Vol Day Ijat Onk IN« Di» YU Net M Cap High Low Camrmj Sak (TWO) High lam B«yrr Seller On P/E Sail MALAYSIAN STOCKS 47* 1% m MSB 50c 404 -6 366 418 402 406 410 .3.0 -2.9 0t2 414 127 77 5 m
      2,498 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6735 24 Reuter, AFP KUALA LUMPUR Share prices ended higher, led by blue-chips, in a technical rebound after days of unabated selling by foreign and local investors worried about the plunging dollar and lack of local incentives. Brokers said yesterday's rebound was on extremely low volumes and
        Reuter,; AFP; Source: Bridge Info  -  6,735 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8670 25 (,r t.f \l \M i(m Last Vol Da) Lm4 Qmolt Di« Di« VU N«« C«» *1 High low (am(Mn> S*k I'OOOl Hi t k Low Buyer Seller CSf P/E P»»ce INDUSTRIAL AND COMMERCIAL 482 388 mis Vma 50c 422 cd +2 2 422 420 420 424 22.5 2.7 8 8
        8,670 words
      • 1791 26  -  By R Sivanithy SINGAPORE Trading got off to a promising start yesterday, enabling the Straits Times Industrials Index to distance itself from support at 2,050. But the upward movement ground to a halt in mid-afternoon after the US dollar again showed
        Charts by Bridge Info; Source: Bloomberg  -  1,791 words
  • Page 17 Advertisements
    • 237 17 NEWS VALUE Two Hong Leong groups in joint bid for $400 m hospital chain (pg 1) May or may not include listed vehicles as the two Hong Leong groups have extensive private businesses. Only 2 out of 7 properties sold at ILW auction (pg 2) Holding power of property owners
      237 words

  • Page 18 Advertisements
    • 648 18 o iHL Keppel q Integrated iHr Engineering Limited (Incorporated in the Republic ol Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Board Room at the Company's registered office at 325 Telok Blangah Road, Singapore 0409,
      648 words
    • 7 18 Innovation Technology in Business Times every Thursday
      7 words
    • 83 18 KEPPEL FINANCE LIMITED (Incorporated n Iw n«puMc ol Stngapor*) ANNOUNCEMENT Foreign Shareholding* Pursuant to Article 23(4) ot the Articles ot Association ol the Company, it is hereby announced that from declarations received by the Company trom shareholders and trom intormation supplied by the Central Depository (Pie) Limited, approximately 7 88%
      83 words

  • Page 19 Advertisements
    • 181 19 B '>WS%&: iJP^ i WmSm^^^^Rl■W fIAdHEM* «Po wvev|t Sanyo LCD prti)icuir« And notninj Wti you waccn cnt lacen d I pic-hop I of iid to 711 cm In thi comfort owYour own iivtns room, i nanu to tvs lafancwi lvu ***** inch r HH IM t U ..ml it.rlr M
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  • Page 21 Advertisements
    • 192 21 Wc provide consultancy scrviccs on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      192 words
    • 20 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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  • Page 22 Advertisements
    • 118 22 pip* v v H-"'" Discover the unique charm and beauty of classic rosewood furniture from I w J I m. S I 1 f Sinqapore Handicrafts Singapore's leading rosewood specialist A rosewood InSDirea D\ a W BMr i 1 II I masterpiece wrth its refined lines and exact proportions will
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  • Page 23 Advertisements
    • 107 23 @/2ow passengers travelling to Hong Kong can take a load off their packs. For the earliest flight out of Singapore and the last one back from Hong Kong within the same day, fly United Airlines. The airline that lets you make the most of your time in Hong Kong without
      107 words

  • Page 24 Advertisements
    • 51 24 out this month's offering from an exclusive private collection. Available now at a rarer-tban-rare price. I n > TI ."ZT2? T C l"' i 9', °f'"t "TLx Diamonds appfxxdmatety 15-50 0116 Tower fl N ee Ann C,/ Singapore 0923 SS4IGOO nett (£Ze of 3% GST) Tel: 734 2034/235 2676 Fax:
      51 words

  • Page 25 Advertisements

  • Page 26 Advertisements
    • 384 26 to see his path in life and listen to him on The Family Constituency Visits Lee Kuan Yew's Report Book made available Election Rallies National Day 1 Rallies Overseas Visits Interview to you for the first time. You may turn the with Lee Kuan Yew Appendix: J i Lee Kuan
      384 words

  • Shipping Times
    • 410 27  -  By Alec Almazan SINGAPORE Japan's sec-ond-largest shipping line, Mitsui OSK, said yesterday it would not achieve the 2 billion yen (5533.5 million) profit it originally projected in the year to Mar 31. Instead, it expects to break even. At
      410 words
    • 383 27 Reuter LONDON Maritime experts recommended new safety measures on Tuesday that could force some roll-on roll-off ferries out of service. An investigation panel set up by UN watchdog International Maritime Organisation (IMO) after the ferry Estonia sank in the
      Reuter  -  383 words
    • 78 27 Bernama KUALA LUMPUR Kelang Container Terminal Bhd (KCT) will add new up-to-date equipment to support operational needs, said chairman Rahmat Jamari in the latest annual report. Two new post-Panamax cranes are expected to arrive later this year. KCT will also buy nine
      Bernama  -  78 words
    • 250 27 Knight-Ridder NEW YORK Brokers said that the demand for tankers this week had been very thin with key refineries shut down for spring maintenance. Yet, some US Gulf coast refiners were said to be active buyers of crude oil in preparation for the end
      Knight-Ridder  -  250 words
    • 613 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlcrs 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
      613 words
    • 296 27 SINGAPORE A PhilippineUS joint venture to develop a container terminal at Karachi has been given the official go-ahead. Philippine-listed International Container Terminal Services Inc (ICTSI) and American President Lines (APL) entered into a letter of intent last week with the Karachi
      296 words
    • 51 27 Reuter HONGKONG Taiwanese containership Thuban with its damaged bow following a collision with another Taiwanese ship, Hai You, on Tuesday in waters outside Hongkong. One seaman died and four others were missing after the Hai You sank during the collision on Tuesday morning.
      Reuter  -  51 words
    • 275 27 Bernama KUALA LUMPUR The Container Hauliers' Association of Malaysia (Cham) has expressed its disappointment over the decision to allow conventional lorries to haul containers from Pasir Gudang, Johor, in a move to clear the alleged container backlog there. Association
      Bernama  -  275 words
    • 184 27 KnightRidder SAO PAULO The Brazilian dock workers' "hopscotch" strike was set to hit five northeast ports yesterday, including the country's chief cocoa export outlets, union spokesman Aroldo Ribas said on Tuesday. Under the "hopscotch" strategy, unions close a different group of ports
      Knight- Ridder  -  184 words
    • 1645 28 A COMBINATION of improved rates for Atlantic grain fixtures and fresh chartering demand for tonnage in most areas is giving owners reasons for optimism. The Baltic Freight Index added 11 points on Tuesday at 2,220 with all Panamax routes showing some improvement. Cargill is leading the way in
      1,645 words
    • 376 28 COURSES I'itle: 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
      376 words
    • 791 29 Four years ago the country opened its agency sector and the business climate changed. The locals now long for the good old days Fairplay ONE LEADING Colombo shipping agent complained recently that the agents are no longer the tightly knit community they once
      Fairplay  -  791 words
    • 14358 36 This is a list of ships loading at Cntr. Singapore for ports around the Nil R. worid. It tabulates, by destination, Yuan the name of the ship, the shipping zo11 line involved and the estimated an| dates of arrival and departure from the Port
      14,358 words
    • 642 39  -  The search for fuel efficiency has spawned the need for lighter cars, leading to greater use of aluminium in car frames, but now the steel makers are fighting back. Sue Zeidler reports Sue Zeidler Reuter Today's average car is about 450 kg lighter than
      Reuter  -  642 words
    • 3037 40 A™— Agencics Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PNX AdKris Bnims Corporation Philippine: Catsource Shpg Trdg Pte Ltd (S) Ahreakiel Liner Service: Kim Shpg Tftjg (S). Albatros Sen-Air Service: Frata Shpg Pte Ltd (SX AMM C Toepfcr Une
      3,037 words
    • 277 40 Abacus Couriers Td: 545-8011. Fax: 545-1898 Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188. Fax. 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Td: 344-3377. Fax: 345-6450 Cluster Link Supplies Services Td:
      277 words
    • 1516 40 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20 Aeroliak Freight International Td: 545-8033. Fax: *****05 Aerospced Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06 Air Express International Td: 542-7666 Fax: *****74. *****50 Air
      1,516 words
    • 2741 41 ALBANIA Durres: Seven vessels operating of which S 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: Nc
      2,741 words
    • 1057 41 CRUISE FERRY SCHEDULES CRUISE SHIPS An Pep .Nunt of Ves—I ETA El D Porta of Calls Port Agent I elephon* No a APRIL 13 14 Andaman Princess Bangkok Lines int'l Holdings 276-7175. 13 13 Rcnaissancc 1 Penang Renaissance Cruises 222-338** i 13 13 Columbus Caravelle Cruise to Nowhere Harpers Shipping
      1,057 words
    • 703 41 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 SOU) FOR FURTHER TRADING Bulk Carriers La Marquesa: 37,994
      AFP  -  703 words
    • SHIPS IN PORT
      • 598 42 N» Bfth km* Dipirtw ittstl Voy W» B<rth kiiiil Dtparturt J—g Port Batam SpeedJ ****** P01A 13 04 2030 13 04/2230 CjHb tacefcnce J14 112 atorgade 13 04/1200 Batan Speed5 A7195* P01A 13 04/1300 1304/1S00 OmGmi 04 02/95 112 alor*ade 13 04/2300 Warn Spe«d5 ****** P01A 13
        598 words
      • 1473 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL COHTAINERS AND La CARGO Record Bootint/Batanct Rstts SNp Voy No Etb/Btr Period From To From to Ink 2338 14/1900 2A 12/1700 13/0669 13/0900 26 12/1700 13/0659 13/0900 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1700 to
        1,473 words
      • 603 42 Cafen Apr 6 Dmfty BMd» Mi MmMm ScMwnt MM Luuxi KG/M*3 V/V tM/M M/M PPM method BO/Omc 1Mb Spec 991 10 15.0 010 80* 0 10* Spec G35 991 10 IS O 0.15 010* fcrftm Ewp* 180 Aw 980 02 13.0 004 22 0 00 180
        603 words
      • 801 42 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
        801 words
    • AIR AND LAND TRANSPORT NEWS
      • 353 44  -  By Rahita Elias SINGAPORE Computerised airline reservations service Abacus Distribution Systems has implemented an automated ticket and boarding pass system in Hongkong. And it plans to introduce the system to travel agents in Singapore, Malaysia and Taiwan. Abacus began installing the system, called
        353 words
      • 328 44 Bloomberg Business News TOKYO Japanese carmakers, caught off guard by the yen's rapid surge, are left with few attractive options when it comes to their exports. "Japanese carmakers are torn between either hiking prices to try and protect profits, in which case their market
        Bloomberg Business News  -  328 words
      • 89 44 SINGAPORE All Nippon Co's (ANK) first Boeing 737-500 rolled out of the hangar recently with a dolphin painted on its engine cowling. The dolphin was chosen during a contest among ANK employees. The All Nippon Airways subsidiary expects the plane, dubbed
        89 words
      • 257 44 Reuter NEW DELHI India's two state-run airlines would have priority over foreign airlines as the government takes up dozens of requests for permission to increase flights to India, a senior government official said. "I have 72 applications pending from international operators who
        Reuter  -  257 words
      • 372 44 Bloomberg Business News ATLANTA United Parcel Service Inc and Federal Express Corp each said they would soon launch same-day air delivery service for US customers in an effort to meet growing demand. Atlanta-based UPS will introduce its UPS Sonic Air Service, a
        Bloomberg Business News  -  372 words
      • 272 44 Bloomberg Business News DETROIT Chrysler Corp and Ford Motor Co, citing weaker-than-expected sales so far this year, have cut their US vehicle sales forecasts by 300,000 cars and trucks for 1995. Chrysler now expects total US vehicle sales, including medium and
        Bloomberg Business News  -  272 words
      • LOG BOOK
        • 95 44 SINGAPORE Japan's Hitachi Zosen Corporation has clinched an order for three 71,170-tonne-class bulk carriers from Efploia Shipping Co SA of Greece through Nissho Iwai Corporation. Hitachi Zosen. which has built eight ships for Efploia in the past, will deliver the three newbuildings in 1997. The
          95 words
        • Article, Illustration
          47 44 Reuter SEOUL A South Korean shipyard worker in central Seoul protesting yesterday against the hazards of working in shipyards. The protesters claim that 65 shipyard workers have been killed in industrial accidents in the last 15 months, an average of one death a week. Reuter
          Reuter  -  47 words
        • 63 44 Bloomberg Business News SYDNEY Qantas Airways Ltd flights during the four-day Easter weekend could be disrupted by a union protest over contractual talks with New Zealand employees. The Australian newspaper reported yesterday. The Australian Council of Trade Unions (ACTU) is objecting to the terms of
          Bloomberg Business News  -  63 words
        • 58 44 AFP TOKYO Japan Airlines Co Ltd (JAL) plans to further streamline operations by slashing staff at its Tokyo headquarters by 810, or one third, a spokesman said yesterday. The planned cut in administrative and clerical staff will follow a reduction in flight attendants under
          AFP  -  58 words
      • 240 44 SINGAPORE National carrier Singapore Airlines has added yet another feather in its cap, this time for its no-smok-ing services. The World Health Organisation has awarded the airline the World No-Tobacco Day medal and citation for 1995 in recognition of SlA's policy of offering
        240 words
      • 1744 44 citg cta w CTD_ eg §5_ AbuDhaM GA965 1105 GF147 1850 Matyat TG407 2105 TG408 0820 GF146 1145 MI895 2300 M1896 1920 SQ441 1505 5X883 1520 M« CM Mlnh City VN741 1310 SQ172 1000 SA975 1535 SQ171 1445 VN740 1410 niitiTT QF81 1930 QF82 2055 111°
        1,744 words
      • 163 44 MBT KUALA LUMPUR Perusahaan Otomobil Nasional Bhd (Proton) has identified a site in Perak for its second plant, which is expected to be operational by 1998. Managing director Mohamed Nadzmi Mohamed Salleh said that the Perak State Government was very aggressive in getting
        MBT  -  163 words
  • Page 27 Advertisements
    • 46 27 China Express Service rv a. Shanghai Direct xingang to Qingdao Effective from April '95 rls see r<\ 6 for schM When Sri Lanka welcomes foreign ship agents, Pg 3 Lightweight contenders in the car arena, Pg 13 Abacus installs automated ticketing system in HK, Back Pg
      46 words
    • 27 27 Lines and services represented by Members of the Registry of Accredited ?HOB Shipping Agents, Singapore National Vvkgpoy Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089
      27 words
    • 10 27 I INNOVATION A TECHNOLOGY i in Business Times every Thursday
      10 words
    • 77 27 =1 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times NOTICE Asiapac Freight Express Pte Ltd With effect from Ist April 1995 our name will be changed to All business transactions will be done under Vincent Shipping (S) Pte Ltd. Please issue cheque payable to Vincent Shipping (S) Pte Ltd. Our
      77 words

  • Page 28 Advertisements
    • 1404 28 I9MHHHHR] 1 other destinations I I north America 1 PmCCT CALL TO WtffT COAST tSCX) WWMT COAST OF COtTWAL AMERICA fHAROARITA WBRWCT) I BWQAPORE CALIFORNIA EXPRESB (DIRECT FROM WIST COAST) g «or |mM l* "mT" w* I» I om. Imowtwi ok m no mtobiwl Iw\w I u Iwawwalu■ jwotfr Imum
      1,404 words
    • 313 28 KgHQSSREBESIZSBZSSIHHi CONVENTIONAL INDONESIA SERVICE VESSEL ETA ETD OESTMATKM SAN WALIE 17/4 18/4 JAKARTA. SURABAYA CHAHAYA SEJATI 2Q/4 21/4 SEMARANG JAKARTA KURNIA SEJATI 24/4 2S/4 JAKARTA. SURABAYA. PADANG WALIE DUA 28/4 29/4 JAKARTA zr, FULL CONTAINER SERVICE SINGAPORE TO JAKARTA VESSEL VOY STORE LOADING PORT CARAKAJN3-9 SJ4B I*4 JAKARTA (bcrttmgttWl) CARAKA
      313 words

  • Page 29 Advertisements
    • 748 29 »«PPWGCOISAG) £?Slv« IH£?frRB2S4I9AMBSHP s"^—®S 2*2w<MCll2W 174~' vs 144 AL MANAKH CII2W 174 HM M~~ I S sS H 1U M M 1M 124 BW JUMVR CII3W 2W MS 114 M JUMVRICII3W 244 2M 134 1M 124 19A 17/5 1M 1M 17* IN ALWAJMCII4W 10 1M 1M AL WAJBA CII4W 14
      748 words
    • 678 29 ANL. IT'S AUSTRALIAN FOR SHIPPING^ir TO AUSTRALIA (BAST COAST) FROM AUSTRALIA fIAST COAST) nsstuvoT jrr mg mp im »ro mei mjm hoi yisttuvor ik tro mei mm mm *t fivl pu AMUI7S IM4 14*4 IU4 27/64 2*64 12W M* MAMP/UMT tM ?VW ?l« IJM IHt IIM ■AMPMOTMS 11/64 17/64 26/64
      678 words

  • Page 30 Advertisements
    • 1182 30 KSSa m Ml I'M MT 1W sm rsuuie SM WG UO TTO 91 OS* M£ mum ~WuT~lm~ n/3 m ?s/3 ~iPT~ »vi "m n/T BSBI BOTES 11/41? K/3 P/3 Vfi »/3 H/3 17/4 >V< ?4/4 gaa llw W/3 31/3 31/3 Z/4 11/4 tt/4 77/4 4/5 1/5 1/i_ HOKHSI BOTES 30/413
      1,182 words
    • 528 30 jm It S'por* P Ketang LoaMngtor V NANONAKUL 13/4 17/4 RdrrVAIWUK/N»*aa BALA BAN 1 23/4 27/4 RdnVAh«/UK/Nantaa I Load* EVW. MaMyiaa. mdoneaa J [Loadngtor I SADAN KALKAVAN Dubai/DammarVKuwatt I BUFFALO Jaddah/AqabN/T rtpcA/Aigana I SAMM FRONPIER DUbatfDanwiarVKuviMt/BahrMVDcna *Loads Singapore. Malaysia. Indonesia J SAMM FORTUNE >+l I PAN QUEEN I Toads EVW.
      528 words
    • 1219 30 NORASIA VBL/VOY MN ALO BCL LHA VALUE SI4W IM4 BMB S7S6 MM 17/ M MM MM MS6 MM 11M I SEA BIOEAVOUR V SISW B*4 11M ISM 14M 14M IMB IMB IMB IBM 17M I NOR FWBOUR6 MIB-S 28*4 IMB MSB IMB 2MB 22A8 «MB 2MB 23M 24M NOR HONBMMBMI7-S
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  • Page 31 Advertisements
    • 1207 31 H STRAITS SHIPPING PTE LTD 10 Nm Ctalaag Road #11-01 Kappel Towers Slatapof 0200 Tol: *****00 Fax: *****17 Tfcl d• W M AJllcf 1M 1 lef 11W/1'M:l;ll|jM NEW quinea pacific une ULUUUW (A SERVICE OF CHINA NAVIGATION OO) CARGO out SM.I MEMJM MMK KK, SkM. TIW bl Port 13 v
      1,207 words
    • 1990 31 V A. Singapore Agent 1 I AflTllf fIAfC P&O Containers (Singapore Agencies) Pte Ltd ll'ii 1 1 BwA O 10 Hoe Chiang Road, #07-01 Keppel Towers. Singapore 0208 First Class Connections WORLDWIDE Te,: 225 2233 Tekx: RS ***** pnocsp Fax: 225 5327/222 7517 WW"'* CR Nu mber *****9 *****/. EXPORT
      1,990 words
    • 507 31 PtfTMOUMP PKL PEN JOH SI HKG KAO TAI Kg TOK TKT HAfi KOI OSK MOJ MB MAHHM2MAMI3 MM I—4 1«4 13-14 M IM4 2—4 21M MM* 2—4 2S*4 27*4 MAHHM22SMM7 12M 11*4 15*4 11-17 M 21*4 22*4 24M MM MM MM CiM 3—4 SEA RANGER AMM I—4 11*4 11*4 11-2—4
      507 words

  • Page 32 Advertisements
    • 440 32 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELAM Ft NAM HUE JADE 28/4 Loading tor MaM MUVAIHUOHU 5/5 Loadng toe Japanese Ports PIONEER SUPREME 86 Loading tor Mate UMMEEDH 25/4 Loading tor Male PROGRESS LMERTY 19/4 Loading for Bmgtok PIONEER ELEGANT 104 Loading tor
      440 words
    • 984 32 OHANJIN SHIPPING BOOKINGS TEL: *****36-237 OPERATION TEL: *****41-263 gai eft TEL:. *****30-233 DOCUMENT TEL: *****71-276 FOAVSL rsn UNE HAUL SEA YVR POX FOR ML 8M IBM HAUL BA* RM NYC hWUM HONS KONO 048E 204 OMECT 11« 11/8 1M MOES SYNTHESIS BB4E 17/4 H NEW YORK 888E M M 27M
      984 words
    • 25 32 SOMKUTIMPniH hK .-Big. REGULAR KfIMCE TO SARAWAK A BRUNEI STOW ItaMWHkl S«f«ri«r BtwV MM tat Rata* vm M*|« Ymq Mm MM IMMUMtrI IttM—i Eacmim C*W:ll«gggg
      25 words
    • 792 32 WH v M ™n 1 I ™1 "mIL I 1 k H I I I I A WM^ ui BOM HM THf ANW LHV LMV ANW THP IMS ROM HO. W■ E BLOWING RW-S3l 17M 14/1 11/1 13/1 1M SENTRY K-W 21/3 22/3 Mfl W I I GROUP MM44 MM
      792 words

  • Page 33 Advertisements
    • 2745 33 fortnightly to HHS panama, phh/P S^SmSniinisSslir SSSBwrns^=™" y*"2s jr^ ,7M ZZSZJ&'si' ***** SKoi?o#f« tZfS&fr,- 420 50 tSfSSuST"" '"^"l 00 405 c ™oy™«"£' TtcßsgMn/CHM ftt* lii. list Cstit Fwe CH»/ltea| N En u rs—l CW *ssa wt*a (~»1mk so •o* «m «soi ww mc o* cw «sa,wwi n* o* ms n«M.M4.«
      2,745 words
    • 589 33 (fe FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) NEXT GROUPAGE SERVICE TO SHANGHAI ETA: 18TH APR. 95 CONTACT: KEN SIM/ SYLVIA HOT LINE: *****33 (30 LINES) P. KLANG PH: 0203-*****02 (10 LINES). PENANG PH: 0204-*****7 (10 LINES) J. BAHRU PH: 0207-*****22 GLOBELINK FORWARDERS
      589 words

  • Page 34 Advertisements
    • 1134 34 [vessel voy sin jkt 1 M VE9seL VOY >IN PtN P >| WANA BHUM 2748 Frt 14/4_ Moo 17/4 S QUWU BHUM 5087 ~Bun 18/4 Tw 1»/«~ ■1 VESSEL VOY SIN BKK VIWA BHUM 128S Mow 17/4 Thu_ _20M_ THANA BHUM 117H Tuo 1»/4 Wod 1»/4 pj WANT A BHUM
      1,134 words
    • 1006 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N SHUTTLC SERVICE r_ PORT KLANG PENANQ VESSCL VPT sw fKI VESSEL VOY S« PEW StA IAUHtI 37JW 13/4 (THU) 14/4 (FIM) MCC COHWttO* 502? 11/4 (TUE) 14/4 (fIB) EACU BMEZE 199 A 13/4 (THU) 15/4 (SAT) XOUR WTA
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  • Page 35 Advertisements
    • 1156 35 L ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil Street. >* 12-00, PIL Building, Singapore 0108 JA LM I TEL: *****21. FAX *****19. TELEX :RS ***** ACLPL CR NO. **********06 1M MB MB ~~1 JAKARTA (S S«lings/WMh to PAT. 2 twtanfi* lo BMT, 1 SaHmg to LCH) o*tin««/W»«k) POUT
      1,156 words
    • 813 35 yfSSUS if)i II HAVWt HAHBUSG THAMIS HOTTEMMN ANTWtH > W.LE D'lQUIt IOIN 17/04 09/ Ob 11/05 13/05 14/05 15/05 VULE D HYDRA MM 25/04 lt/05 l«/ 05 20/05 21/05 22/05 ym Q£ LYRA TOIN 02/05 23'05 25/05 27/05 21/05 29/05 VB.ll Of KLt VOID 30/05 01/06 03/06 04/06 05/06 •ALSO
      813 words
    • 73 35 GATEWEST SHIPPING PTE LTD AUSTRALIAN SERVICE VfSSU P KIMtG SIH K KBNRJ WHS STO MELB socof l rwm. vis is/4 u/4 22/4 BOOKING AGENTS:Sratt BONLINE NAVIGATION PTE LTO m 33M73L rax 3MIJIA POUT ULIM DASWANI SON BHO. m 03 KTfIWO X7IUI FM 01*WM2 SABA* STANDARD MARINE AGENCIES SDN. BHD. 11l
      73 words
    • 668 35 BSA A M MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdf MYOMA YWA VISSR Sid HP* AN V2O9W 12/14 Apr PAGAN V2IIW 17/20 Apr MALAYSIA AGENTS. BOUSTEAD SUPPING AGENCfS KUL TEL 02-03-*****00 PKL TEL 02 03-*****01 PEN TEL 02-04 2C***** PGD TEL 02-07-*****21/4
      668 words



  • Page 38 Advertisements
    • 519 38 rtr\ RICMFIELO MARME AGENCIES (8) PTE LTD UTEL: *****33 (12 UNES) FAX: *****18/*****03 TELEX: R8 ***** RISHIP (3 Unas) CR NO: **********0E mmmmwmum (Natk*«J Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Tiitt 1 Voy ETA Loading lor Sport Mombasa, Djibouti Andkwt 38WB 17/04 Aaun, Maaaawa TTT Mombasa, Dpboutl AfctoayWonz 43wb
      519 words
    • 559 38 M WM I AFGHANISTAN MAM Afghanistan Ltd., HAAH Hairatan, Torghundi. Islamqala (Doqharun) IVIOcIVI C.1.5./RUSSIA: Ima Ata, Ashkhabad. Baku. Dushanbe. I Irkutsk. Khabarovsk. Krasnoyarsk. Korsakov, Moscow, Mllltzer Munch Novosobirsk. Sochi. Tashkent. Tbilisi. Vladivostok. Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS container service TO WEST COAST SOUTH AMERICA
      559 words
    • 337 38 WE™ I" IV"/ J cm NOl **********01 80U (OS4> *****9 PENANG: (04) *****6 BANGKOK (862)*****67 P. KELAMQ:(03)*****77 JAKARTA:(2I)6666IO7 SURABAYA.(3I)29I66O I ASIA HKG/TWN/BKKI GENOA/EUROPE I PEN PK SIN PEN PKL SIN 5 SAILINGS/WEEK G'bura/C'haoon/S'holm/Oslo 16/4 17/4 18/4 14/4 15/4 16/4 HKG/BKK/KEE/KHH Pira eus 16/4 17/4 18/4 18/4 19/4 20/4 HKG/BKK/KEE/KHH Ldn/Flx/Rtm/Ant/Ham/Leh
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    • 478 43 A. HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [~PNA [m PGD VESSaS VOY SM RTM ANT L£H HAM BREJ F& ***** M/ 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
      478 words
    • 405 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTMURPOSE I ROM CAIRO SPECIALIZE M HEAVY LFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS ETA 111* VESSEL WT SN J* lOWW6 FOR orange moon b in bansror u/4 KUau GNDASH II 10/4 17/4 IMM 21/4 MANIA HARMONT I U/4 WMU 72/*. 24/4 SONBAJ
      405 words
    • 679 43 VESSEL I VOY ISI ETA/D LAX OAK CH HM/Ca I HOU I NYC NOR DAI GEORGE WASHNGTON BR MA 20/0* /21/04 07/05 M/ 05 10/05 11/ OS 12/05 12/05 13/05 11/05 ALLIGATOR PWK MA 27/04 /21/04 14/05 16/05 17/05 U/05 19/05 18/05 20/05 23/05 tCNRV HUDSON BRDGE J3A 27/04 /2«/04
      679 words
  • Page 43 Miscellaneous
    • 299 43 TODAY'S TIDES (height in metres) HOIK 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 ISOO 1600 1700 1800 1900 2000 2100 2200 2300 2.0 1.6 1.2 1.0 0.9 1.0 1.2 1.6 2.1 2.5 2.6 2.5 2.1 1.6 1.1 0.8 0.6 0.6 0.8 1.2
      299 words