The Business Times, 16 May 1995

Total Pages: 36
1 36 The Business Times
  • 13 1 SINGAPORE Business Times WE KMOW ASIA MITA(P) 194/12/94 Tuesday May 16 1995 85*
    13 words
  • 2 am LATEST
    • 58 1 Reuter NEW YORK Blue chip stocks rose yesterday. At 1 pm EDT, the Dow Jones industrial average was up 10.03 points at 4,440.59, surpassing the new milestone set last Friday of 4,430.56. In the broader market, advancing issues led declines 12-8 on active trading of more
      Reuter  -  58 words
    • 57 1 AFP WASHINGTON US Trade Representative Mickey Kantor will release today the list of Japanese products earmarked for sanctions. His spokesman said the list will be released at 1400 GMT under Article 301 of US trade law which allows 30 days for the two
      AFP  -  57 words
  • 53 1 Monday Chaste STII closed KLSE Corap closed Nikkei 16,609.70 +188.94 Hang Seng 9,189.79. -28.04 SET Index closed Jakarta Cotnp closed Manila Cotnp 2,717.94 -14.33 Taipei WPI 5,828.21 -16.08 Seoul Comp 887.11 -3.0 Bombay BSE30 .3,116.37 -35.74 CLSA China B 744.68 +3.05 Ausl All Ord ...2,048.8 +10.0 FTSE
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  • 52 1 Singapore* 6.63 Kuala Lumpur 7.65 Jakarta 18.50 Bangkok 13.00 Manila 17.00 Hongkong 9.00 Taipei 8.80 Sydney 10.75 Tokyo 3.60 Seoul 12.50 Zurich** 5.125 Frankfurt*** 6.00 London 6.75 New York 9.00 Average of 12 banks calculated by Bl float Central bank discount rates Source:
    52 words
  • 62 1 Exchange rates us$ s$ USS I 412 1.567 2.213 DM 0.690 0.975 100 Yen 1.152 1.635 MS 0.400 0.566 HKS 0.129 0.182 Buht 0.040 0.057 100 Rupiah 0.044 0.063 CnrftOil USS Change WT1 19.38 -0.38 Brent blend. 18.33 -0.17 Dubai fatch 17.00 0.20 Mtenas 18.70 unch Tfcpis blend
    62 words
  • 163 1 AFP TAIPEI A veto by Beijing has forced Taipei to freeze a project to set up an offshore zone that would serve as the first step towards direct shipping links between Taiwan and the mainland. Officials yesterday said that under the project,
    AFP  -  163 words
  • 591 1  -  But Tata exec says he has no official word that the deal is off By Ramesh Dfryanathan K P Nayar SINGAPORE India's Civil Aviation Minister has turned down Singapore Airlines' joint venture with the giant Tata Group to operate a domestic airline in
    591 words
  • 328 1  -  From Anthony Rowley in TOKYO JAPAN is likely to experience falling prices over the next two years while its economy will grow by no more than 0.2 per cent in fiscal 1995, according to a report published yesterday by investment bank
    328 words
  • 499 1  -  From Neil Behrmann in LONDON ASIAN share markets are cheap and although international investors are still cautious, they could outperform other markets in the next 12 months. This is the view of Michael Howell, head of the global strategy unit of Baring Securities.
    Source: Securities  -  499 words
  • 507 1  -  From Maggie Ford in JAKARTA FOREIGN investors are beginning to enter the Indonesian property market following a clarification of investment rules and renewed interest by locals in office buildings. Overseas interest is focused on new and existing central Jakarta office towers, and
    507 words
  • 323 1  -  From K P Nayar in NEW DELHI CITING the Indian government's inaction on Singapore's request for extraditing fugitive businessman Rajan Pillai, the Kerala high court has extended Pillai's bail period, which expired yesterday. The bail extension granted yesterday in Kerala former Biscuit King
    323 words
  • Page 1 Advertisements
    • 132 1 BREATHT AKINGLY FRESH DECEPTIVELY small, amazingly t® STRONG. Ntwt C>w»MIM S-pore News 2 Spore*sia 12,13 Regional News 3,4,6 Financal 14 World News 8.9 Features Analyse 21 Marfcats Edrtonal 20 tog*** 15 Sports 17 World 16 TV/litetyle 19 Currencies 14 Property 10,11 S*ne»/Commo 14 Tel 1800-*****/7 F» *****75 IT Wwwinfc Tel
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    • 41 1 Property: Pg u Hotels spending big bucks on renovations Shipping Times comes to you with some new features from today Maritime Stocks, Bulletin Board, a revised Shipping Guide, and repackaged user services and advertisements. Don't miss it, from Mondays to Fridays.
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    • 20 1 Hock Lock Siew: Pg 12 Smooth ride for Astra India's domestic airlines reeling from excess capacity, Shipping Times, Pg 14
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    • 53 1 Bottom Line: Pg 22 Japan's car marker iy not dosed Les Charms d'Or de Cartier. Cartier^ JEWELLERS SINCE 1847 Cartier's "Charms" are now available exclusively at Cartier boutique/ Singapore Ngee Ann City. Tower B. #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International. #01-04. The Shopping Gallery. 581 Orchard Road.
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    • 13 1 BRE ATHTAK IN< jJ L V FRESH DECEPTIVELY SMALL. AMAZINGLY C® STRONG. c
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 303 2  -  By Michelle Low SUBURBAN shopping area rentals should hold strong as firm demand keeps up with new supply, said a recent Jones Lang Wootton report. Prime retail area rentals, however, are expected to hold or ease slightly, as limited supply in these areas follows a
        Source: research, April 1995  -  303 words
    • 359 2  -  By Genevieve Cua A MEDICAL services company set up by Singapore Member of Parliament Arthur Beng and his wife is looking into setting up a hospital in Wuxi City, China. Singapore Technologies Industrial Corp (STIC) is expected to have a stake in
      359 words
    • 307 2  -  By Claire Leow HEWLETT-PACKARD Singapore's Asia-Pacific Personal Computers Division invests US$4 million (5J5.56 million) to US$5 million yearly to develop hand-held information products, general manager Khaw Kheng Joo said last week. The division received its worldwide charter from its US headquarters 12 months ago
      307 words
    • 321 2  -  By Michelle Low AMERICAN chcmicals giant DuPont will expand its Lycra manufacturing plant at Tuas to include new technology a move that will bring its investments in Singapore past the $1 billion mark. DuPont's decision to build the extension comes
      321 words
  • Page 2 Advertisements
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    • 137 2 Mastermapping Customer Requirements CD-MAP OVERVIEW Date: 1 June 1995 Time:' 2pm spm CD-MAP PROCESS Date: 2 June 1995 Time: 9am spm Venue: Orchard Parade Hotel Fee: Overview only 5250 per participant Both seminars 5750 per participant A powerful process with a proven track record worldwide in assisting organisations to: ~l
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  • SOUTH-EAST ASIA
    • 427 3 AP MANILA Officials discovered more cases of possible vote fraud yesterday, raising doubts about the integrity of last week's national elections that President Fidel Ramos termed a "fresh mandate" for his administration. On Saturday, officials said up to 30,000 votes apparently were
      AP; Reuter  -  427 words
    • 293 3 Knight-Rid-der SYDNEY Malaysian Prime Minister Mahathir Mohamad signalled his support for Australia's eventual entry into the proposed East Asia Economic Caucus in a newspaper interview published yesterday, Kyodo news service reports. Australian membership is a "distinct possibility," he told the Australian, a
      Knight-Ridder  -  293 words
    • 393 3 MANILA Three months after official protests failed to sway China over its occupation of a Spratly reef claimed by the Philippines, Manila has launched a propaganda war to draw international attention to the dispute. About 40 local and foreign journalists are expected to
      393 words
    • 109 3 Knight-Ridder BANGKOK Thai Finance Minister Tarrin Nimmanhaeminda said inflation has reached a year-on-year rate of 5 per cent, but maintained existing central bank anti-infla-tion policies are "effective," the Business Day newspaper said at the weekend. The Bank of Thailand has targeted a 1995
      Knight-Ridder  -  109 words
    • 104 3 Bloomberg Business News MANILA Sumitomo Bank president Toshio Morikawa met central bank governor Gabriel Singson yesterday to discuss plans to set up a 1-billion-peso (5554.5 million) investment house in Manila. "If I may be frank, the main factor that made Japanese companies hesitant to invest
      Bloomberg Business News  -  104 words
    • 104 3 AFP KUALA LUMPUR Malaysia's opposition leader has been threatened with removal after his party fared badly in recent polls and clashed with a former ally, officials said yesterday. Lim Kit Siang, secretary-general of the Democratic Action Party (DAP), has headed the Malaysian opposition for
      AFP  -  104 words
    • 53 3 AFP MANILA Philippine export receipts rose 26.4 per cent on the previous year to U553,713 billion (555.2 billion) in the first three months to March. The National Statistics Office yesterday said the figure included a 22.4 per cent increase on the previous year for March, to
      AFP  -  53 words
    • 68 3 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad, accompanied by his wife, left yesterday for a six-day official visit to Japan. Dr Mahathir is scheduled to meet his Japanese counterpart Tomiichi Murayama tomorrow and address the Nikkei International Conference on Friday. He will also take the opportunity to
      Bernama  -  68 words
    • 178 3 AFP KUALA LUMPUR Malaysia will host a four-day meeting among Asean nations, the United States, Canada and Australia next month to find ways to overcome regional pollution caused by forest fires in Indonesia, officials said yesterday. Asean environmental experts will attend the
      AFP  -  178 words
  • Page 3 Advertisements
    • 72 3 iS.-.^t y-^W-^-;* i r.- W -W r¥^^g^£i*g^^^^WCTßßW— '^l^li§iK&BH«Rߣ&B^99^H^^B^^^^ll BBsS; PPpiPS Bml a .^^^B jtmM Ml _1 hs, lifl Bbi mm rm i*w~ —tl' -;n i n cJ! v.-. *~<. ,< 5 MliffliM in _a*-, There •> probably nothing under the va.it blue.iky that can quite compare with the jheer pleasure
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  • CHINA/ HONGKONG/ TAIWAN
    • 423 4 UPI BtIJING China's economic tsar yesterday warned that inflation control was dependent on rural officials using increased agricultural funds for farmers and not for construction jobs or other diversions. "In the last two years, the problem of diverting funds has become very serious,
      UPI  -  423 words
    • CHINA WATCH
      • 68 4 HONGKONG The son-in-law of Deng Xiaoping, Wu Jianchang. yesterday said that the health of the paramount leader was "very good", in response to speculation that Mr Deng's health had recently taken a turn for the worse. Mr Wu, chairman of Hongkong-listed Oriental Metals (Holdings)
        68 words
      • 67 4 AFP BEIJING About 840 people died in 137 major workplace accidents in the first three months of the year, a report said yesterday, announcing a week-long campaign to heighten safety awareness. The number of deaths was up 4 per cent on the same period last
        AFP  -  67 words
      • 68 4 AFP BEIJING Russian Defence Minister Pavel Grachev arrived here yesterday on a five-day official visit aimed at strengthening defence ties between the two military giants and boosting arms sales. Mr Grachev, who was last in China in November 1993, attended a parade of all three
        AFP  -  68 words
      • 63 4 Bloomberg Business News HONGKONG Sales agreements for buildings and apartments in Hongkong surged in April, registering an increase of 73 per cent over the previous month. The Land Registry yesterday said the 12,964 agreements registered represented a drop of 5.7 per cent compared with
        Bloomberg Business News  -  63 words
    • Article, Illustration
      47 4 AFP BEIJING A portrait of Mao Zedong, the founder of communist China, displayed for sale along with old vases and a potpourri of other bric-a-brac at a flea market on Sunday in a Beijing neighbourhood. Some people buy images of Mao as good-luck charms. AFP
      AFP  -  47 words
    • 223 4 Reuter M*r~iiiil* BEIJING SOTfWgTmtf^W^* in rural China is causing a widening wealth gap between the country's poorer central and western provinces and the wealthy east. An official at the State Statistical Bureau said yesterday that while annual consumer price inflation in the first
      Reuter  -  223 words
  • Page 4 Advertisements
    • 354 4 intermedia, asia'9s- first multimedia event staged v outside the US and Europe with over l l^u yF 3. ,r.!*"* r l^'w 250 leading companies, SBr t 1 showcasing the latest in multimedia hardware and software, electronics I entertainment and information superhighway and multimedia gj|^^^gjggjg|jgmgm^gg^g^gjgjigjggg|jj^^je On-site Multimedia Games Competition (Segol For
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    • 425 4 JBUSINES S T I M E S TOLL-FREE TEL. No. 1-800-741-1883' FAX: 741-1298 CROSBY SECURITIES SENIOR INVESTMENT ANALYST INDONESIA/SINGAPORE /MALAYSIA Crosby Securities is the stockbroking arm of the Crosby Group, a leading Asian investment bank which is also active in corporate finance and asset management. Founded in 1984, Crosby's growth
      425 words

  • Page 5 Advertisements
    • 392 5 BREITLING 1884 v iC 1W h MBA T /TjDnMn*»»T /1./JMsl I >HWlWy^»f>,\ Selfwinding mechanical chronograph CHRONOMAT calibrated to 1/sth of a At a time when instruments routinely C '30-minute and 12-hour totalizers. monitor flight data at Mach 1 miles above the IR r» rx^u 5 ««i« «t nixita tut i
      392 words

  • ASIA
    • ASIA NOTES
      • 66 6 UPI TOKYO The Japanese government has approved a bill making it easier for local small and medium-sized enterprises (SME) hurt by the appreciation of the yen to receive financial help from the government, officials said yesterday. The bill is part of a comprehensive economic
        UPI  -  66 words
      • 71 6 Bloomberg Business News TOKYO South Korea will surpass Japan this year in total investments in steel plant and equipment, according to the International Iron and Steel Institute, Jiji Press reported on Friday. South Korean investment will rise 94.9 per cent to US$7.3B billion (Sslo
        Bloomberg Business News  -  71 words
      • 109 6 Reuter ACCRA, Ghana Japan's tropical timber imports are unlikely to be swayed much by demand for wood for reconstruction in the wake of January's Kobe earthquake, according to the assistant director of the Japanese Wood Products Trade Office. Atsuo Ida forecast the need for
        Reuter  -  109 words
      • 49 6 AFP TOKYO Japan's cabinet yesterday endorsed a 2.72 trillion yen (Ss43 billion) supplementary budget plan for fiscal 1995 and immediately submitted it to parliament, officials said. The supplementary budget, the first for the current fiscal year, is aimed mainly at reconstructing the quake-destroyed Kobe area.
        AFP  -  49 words
      • 61 6 AFP SEOUL South Korean President Kim Young Sam yesterday offered to provide grain and other commodities to North Korea on a long-term, low-interest basis. Mr Kim, addressing the opening session of the International Press Institute assembly here, said the offer was part of South
        AFP  -  61 words
    • 342 6 Reuter SYDNEY The near-term pressure on Australian interest rates has eased, but talk of an election later in the year is clouding forecasts for the timing of the next rate rise which most economists continue to expect. The
      Reuter  -  342 words
    • 388 6 US-Japan car talks Reuter AFP TOKYO No offers from Japan's Ministry of International Trade and Industry (Miti) so far hold any prospect of resolving the problems at the root of the huge gap in US-Japan car trade, a US official told reporters in
      Reuter; AFP  -  388 words
    • 55 6 AFP TOKYO Japanese Foreign Minister Yohei Kono (left) with visiting Danish Foreign Minister Niels Helveg Petersen before their talks at the Foreign Ministry here yesterday. Mr Petersen is on a three-day visit to discuss economic ties and to seek strong trade relationships
      AFP  -  55 words
    • 188 6 Bloomberg Business News SEOUL South Korea jumped ahead of Great Britain and France to fourth place in the world in total electronics production last year, the Electronics Industries Association of Korea said. South Korea was still behind the US, Japan and Germany
      Bloomberg Business News  -  188 words
  • Page 6 Advertisements
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      244 words
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  • Page 7 Advertisements
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  • THE WORLD
    • 358 8 AP BUENOS AIRES President Carlos Menem, whose free market reforms tamed hyperinflation and revived the Argentine economy. won a second term by a wide margin in national elections on Sunday. Mr Menem, accompanied by vice-presidential running mate Carlos Kuckauf, told 5,000 cheering
      AP; Reuter  -  358 words
    • 151 8 Reuter LONDON British Prime Minister John Major is poised to reshuffle his cabinet within the next month, the Guardian newspaper reported yesterday, citing senior sources in the ruling Conservative party. It said the shakeup, designed to give the government a facelift, was
      Reuter  -  151 words
    • 499 9 US govt looks to windfall from lower interest rates to pay for tax relief AP WASHINGTON As they conduct their assault on the federal budget deficit, congressional Republicans are counting on an economic windfall from lower interest rates to help pay for tax
      AP  -  499 words
    • WORLD WATCH
      • 70 9 Reuter LISBON European countries from east and west met yesterday to outline common security threats in an unstable post-Cold War world ranging from organised crime to chemical gas attacks from terrorist groups. The gathering, under the auspices of the 10member Western European Union (WEU), brought
        Reuter  -  70 words
      • 83 9 Reuter DUBAI The United States is considering establishing a new fleet in the Mid-east Gulf, a move that will not increase US naval presence but underlines long-term military commitment to the region, a US navy spokesman said on Sunday. Commander T McCreary
        Reuter  -  83 words
      • 83 9 Bloomberg Business news MUNICH Bundesbank council member Franz-Christoph Zeitler said the latest rise in the dollar will help German exporters even though the US currency remains undervalued. "In terms of the fundamental factors, especially the strength of the American economy, the dollar is undervalued,"
        Bloomberg Business news  -  83 words
    • 177 9 FT BRUSSELS A European Union drive to promote employment and halve the European jobless level of some 18 million over the next five years is in danger of collapsing because of political inertia. The EU strategy, launched with much fanfare two
      FT  -  177 words
    • 376 9 Reuter LONDON Shopping-with-a-conscicnce is becoming increasingly fashionable in the industrialised world's fight against poverty in the developing world. Consumer organisations which aim to help producers with a consumer-friendly approach are cropping up in the developed world, complementing government aid.
      Reuter  -  376 words
  • Page 8 Advertisements
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      681 words
    • 1075 8 BUSINESS TIMES T01.1.-PRP.Ii Tl-L. No. 1-80Q-741-1883 I AX 741-1296 IN THE MATTER Of THE COMPANIES ACT, CAP. St AND IN THE MATTER OF GAL PTE LTD (incorporated in the Republic of Singapore) (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50
      1,075 words

  • Page 9 Advertisements
    • 265 9 BUSINESS TIMES TOI.I. FRI-.l' Ti;t, No. 1-800-741-1883 lAX 741-1298 PARKWAY HOLDINGS LIMITED U5550,000,000 Floating Rate Notes due 1996 With Warrants to Subscribe for New Shares of Parkway Holdings Limited In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 16 May, 1995
      265 words
    • 173 9 iss *Mm*P s^KT"! "I^mT Q£ m o,* v *idr\ -p jj*\ -*I^*2*'^ S§M J 'k tot What it takes to close a landmark deal At Richard Ellis, it takes diligence, perserverance and know- Commission site for $63.88 million in October last year and one how. Just this month, we closed
      173 words

  • PROPERTY
    • 807 10  - NAV Not Always Valid *■1 THE rJ PROPERTY —COLUMN By Lee Han Shih FOR the past two I months, brokers have been talking themselves hoarse trying to sell Singapore property stocks. Last week, someone if not everyone finally listened. On Thursday and Friday, there was a sudden surge of buying
      807 words
    • 358 10 SCMP THE massive supply of office space in Beijing and Shanghai forecast by property experts will not take place, according to a China real estate consultant At a seminar organised by the South China Morning Post on Saturday, L D Beijing director Michael
      SCMP  -  358 words
  • Page 10 Advertisements
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      244 words

  • PROPERTY & CONSTRUCTION
    • 1036 11  -  Upgrading to tune of 160 m is planned to retain competitive edge, reports Agnes Wee Agnes Wee THE tussle for the hotel guest dollar is hotting up. And the players are sparing no efforts to get or keep an edge. Take
      1,036 words
    • Article, Illustration
      329 11 Selected transections in the past week Date of rr~ Built in area/ Saiepric* transaction Dt<trict land area (aq ft) T<nur (SS) gg PRIVATE May 8 1542 Crane Rd Comer Terr 1800/2100 FH 1,060,000 505 May 8 1646~ SaiamWalk Terrace 2300/1679 FH 1,470,000 876 May 8 1543 Viewpoint Cdo
      329 words
    • 333 11  -  Its bid of $73.38 million for the Immigration Building was lowest, reports Ramesh Divyanathan Ramesh Divyanathan LOCAL contractor Koon Seng Construction Pte Ltd has clinched a contract to build the new 10-storey Immigration Building at Kallang Road. Koon Seng's $73.38 million offer was the lowest
      333 words
  • Page 11 Advertisements
    • 16 11 WW m See Sunday a Sunday Classified special on antiques, collectors' items, and arts crafts J
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    • 144 11 Auction Friday 9th June on site at Ipm alA g A 1 AI i IVI ill CUT FRANKLINS INol No Fniis SUPERMARKET Paringa Boulevard, Coolaroo Victoria PLUS Adjoining development land of 1500m2* with a permit for a petrol filling station to be offered separately. Rare opportunity to purchase an established
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    • 418 11 ASIA "PROPERTY '95 12-13 July Pan Pacific Hotel Singapore Information-packed conference designed to give you ail the information you need to keep up with the frantic pace of the property market in Asia. Discussion topics include I The Office Market and Investment Opportunities in Asian Cities Review of Singapore's Public
      418 words

  • COMPANIES & MARKETS
    • 246 12 AFP WELLINGTON A company controlled by one of Singapore's largest property owners, City Developments, yesterday paid NZ$5.OB million (554.74 million) for prime waterfront land in Auckland, just a day after the city picked up yachting's America's Cup. The chairman of CDL
      AFP  -  246 words
    • 424 12  -  By Lee Han Shih SINGAPORE The ambition of Malaysian tycoon Loy Hean Heong to build his MBf group as a regional financial heavyweight has suffered a major blow. According to news from Hongkong, MBf is on the verge of selling its
      424 words
    • 442 12 Speed up approval of KL dealers 9 licences, brokers urge authorities Bernama KUALA LUMPUR The Malaysian Stock Brokers Association is seeking the help of the Kuala Lumpur Stock Exchange, the Securities Commission (SC) and the Licensing Office of the Ministry of Finance (MOF) to expedite the licensing of dealers' representatives.
      Bernama  -  442 words
    • 871 12  -  HOCK By William Chia SINGAPORE Indonesian automotive blue chip P T Astra International has chalked up a record performance in spite of the industry's battering by rising interest rates and a sharp appreciation of the yen. Astra, which controls about 56
      871 words
    • COMPANIES
      • 435 13 Bloomberg Business News AMSTERDAM Royal Borsumij NV and Hagemeyer NV are discussing a merger to create a trading company that would have about 8 billion guilders (Ss7 billion) in sales and a stronger foothold in the lucrative Asian market. Hagemeyer is 62.6
        Bloomberg Business News  -  435 words
      • 361 13 UPI BEIJING The British brewer Bass pic joined the rush into China's rapidly expanding beer market yesterday with a US$4O million (5556.4 million) investment in north-east China's Ginsber beer group. The new venture, Bass Ginsber Beer Company Ltd, will have net assets of US$7B
        UPI; Reuter  -  361 words
      • 56 13 AFP MANILA Food and beverage group RFM Corp of the Philippines said yesterday its profit rose 56 per cent from the previous year to 132.6 million pesos (Ss7 million) in the three months to March 31. Sales grew 33 per cent to 2.6 billion pesos
        AFP  -  56 words
      • 61 13 Bloomberg Business News HONGKONG South China Morning Post (Holdings), an investment holding company that publishes Hongkong's biggest English-language newspaper, said its third interim dividend is 5 HK cents. The company announces dividends four times a year. The third interim dividend announced yesterday was for the
        Bloomberg Business News  -  61 words
      • 73 13 Bloomberg Business News HONGKONG Paint, property and bus company CNT Group said its net profit rose 77.9 per cent to HKSUO.4 million (SSI9 million) for the year ended last Dec 31, up from HKS62 million the year before. The company said exceptional gains made up
        Bloomberg Business News  -  73 words
      • 75 13 Bloomberg Business News TOKYO Shares of photographic paper maker Oriental Photo Industrial were suspended from trading yesterday after the company said it had filed for court protection against its creditors. The Tokyo Stock Exchange also said it plans to delist the company on Aug 15, pending
        Bloomberg Business News  -  75 words
      • 44 13 Bloomberg Business News HONGKONG SAS Dragon Holdings, an electronic components distributor, said its net profit last year leapt 104 per cent to HK536.18 million (556.5 million). Earnings per share rose 94 per cent to 17.39 HK cents. Bloomberg Business News
        Bloomberg Business News  -  44 words
      • 42 13 Bloomberg Business News TOKYO Pioneer Electronic Corp will stop buying cellular telephone terminals produced by Motorola Inc, the Nikon Keizai newspaper reported on Sunday. It will start making its own digital phone terminals. Bloomberg Business News
        Bloomberg Business News  -  42 words
      • 360 13 Reuter MANILA A host of initial public share offers (IPOs) are in the pipeline to meet the renewed appetite for Manila equities, including a unit of Philippine Long Distance and Telephone Co, analysts said. The strong performance of William Lines Inc, which made
        Reuter  -  360 words
      • 177 13 Bloomberg Business News TOKYO The Japanese corporate owner of 28 hotels worldwide, mostly under the Westin Hotel name, is considering selling some of them to pay off debts. A company spokesman yesterday said neither the number nor location of
        Bloomberg Business News  -  177 words
    • FINANCE & COMMODITIES
      • 413 14 Bloomberg Business News SYDNEY Westpac Banking Corp, Australia's second-largest capitalised bank, said first-half profit doubled on reduced costs, higher income from in-terest-rate products, and a drop in bad debts. The bank said profit in the six months ended March 31 rose to
        Bloomberg Business News; AFP photo  -  413 words
      • 168 14 Knight-Ridder BANGKOK Major Thai finance company Finance One is seeking to boost to between 10 and 15 per cent its current 5 per cent stake in Bank of Asia, a mid-sized local bank, local newspapers said yesterday. The deal, said to
        Knight-Ridder  -  168 words
      • 522 14 AFP Reuter SHANGHAI The Shanghai Securities Exchange (SSE) resumed treasury bond futures trading yesterday, while suspending the operations of member firms which violated trading rules last week. The Shanghai Securities News daily reported that five member firms which exceeded permitted holdings of bond futures
        AFP; Reuter  -  522 words
      • 288 14 SINGAPORE J P Morgan has appointed Peter Woicke head of its Asia-Pacific operations to be based in Singapore, making him the investment bank's most senior executive for the Asia-Pacific region. JP Morgan said yesterday that Mr Woicke who holds the title
        288 words
      • 71 14 JOHANNESBURG A little over half of the workforce at South Africa's Alusaf aluminium smelter expansion project returned to work yesterday after operations were shut down on Wednesday last week following violent clashes between workers and security staff which left over 50 injured. A
        71 words
      • 79 14 NEW YORK Commitments of traders data appear to confirm that Tuesday's heavy sell-off in Nymex crude oil futures was due to heavy longliquidation by speculators such as commodity funds who were taking profits from the market's two-month-long run-up, analysts said. But the data also show
        79 words
      • 98 14 JOHANNESBURG The fall-off in South Africa's gold production continued in April when output slumped even further to 44.3 tonnes a 13 per cent decline on the previous year as sporadic labour disruptions and the sharply higher number of public holidays continued to take their
        98 words
      • 111 14 K.HARG ISLAND, Persian Gulf Iran plans to increase offshore oil production capacity by some 140,000 barrels per day to 600,000 bpd next March and up to one million in the year 2000, an official at the National Iranian Offshore Oil said yesterday. Iran now
        111 words
      • 74 14 TOKYO The possibility of new tariffs on imports of Pakistan's cotton yarn is causing mild chaos among Japanese importers, who say they are unwilling to enter into new import agreements until the government reaches a final decision. The Japanese market is confused over how
        74 words
      • 54 14 HAMBURG The northern German metals and electronic industry has finally entered a phase of economic upswing, but it is still characterised by job cuts, according to Herbert Mueller, chief of the employers' organisation Nordmetall. He said the tide had now turned and that the business
        54 words
    • 1313 14 Porta May 12 Rotterdam May II Crwte pain oil MS/tonnc Crude Sumatra/M'sia USS/tonne Month North South Central E Coast Average ***** May 95 1410.00 1412.00 1415.00 1412.00 Jun 95 1364 50 1362.50 1363.50 Pali all USD fOB USS/tonne Pain ktriMl ax-mill MS/tonne 597.50 Month North South Central E
      1,313 words
    • REGIONAL STOCK MARKETS
      • 1125 15 10.0 SHARES closed higher yesterday as investors poured cash into commodity stocks and the banking sector. The All Ordinaries Index closed 10 points firmer at 2,048.8. The All Industrials rose 6.5 to 3,087.8 while the All Resources climbed 13.3 to 1,262.3. Turnover was 165.7 million shares worth A 5407.3
        1,125 words
      • 619 15 -14.33 Share prices declined on a healthy correction as investors took profits after last week's 8.4 per cent surge. The bourse closed 14.33 points lower at 2,717.94. Turnover was 966 million shares valued at 1.9 billion pesos. "It's a healthy correction," said an analyst, noting that volume remained "strong".
        619 words
      • 530 15 -16.08 Shares registered a modest fall amid profit-taking pressure, with textiles and market heavyweight banking and insurance issues hit hardest. The 321-issue Weighted Price Index dropped 16.08 points to finish at 5,828.21. Turnover was 760 million shares worth NT534.5 billion. The market opened slightly higher and moved in a
        530 words
      • 432 15 -3.0 Share prices turned bearish on as arbitrage selling eroded an early advance. The Composite Price Index nudged down by three points to finish at 887.11 amid sluggish trading with 24.67 million shares valued at 350.9 billion won changing hands. In the earlier session, bargain hunters took positions on
        432 words
      • 348 15 16.33 Stocks hit a 1995 high yesterday, but dealers ruled out any influence from the country's winning the America's Cup at the weekend. "A stock with a strong relationship to the cup, like Ports of Auckland, was actually down four cents today," a broker said. Ports of Auckland,
        348 words
      • 56 15 -35.74 Stocks fell amid concern some ruling-party lawmakers may back an opposition attempt to oust the government of Prime Minister P V Narasimha Rao. "Nobody has the guts to take a position in the market," said a broker. The BSE-30 Index fell 35.74 points to 3,116.37. The 100share National
        56 words
    • WORLD STOCK MARKETS
      • 825 15 Britannia Funds Sterling Cash Bid Offer Mim Cap Dnxnil 31.6400 38 6500 Mini Jctky CiH 0 1*93 0.1992 Mim Mm Income 0 9300 0 9600 US$ Cask lncomc Plus Fund 10 1400 10 6*00 PS J Reserve Fund 5 4700 5 4*00 Sterling Eqaity Euro Performance .0.4592 0 4931 Fir
        825 words
      • 689 15 +0.4 STOCKS closed mixed as a declining British pound and a report of stronger-than-ex-pected input prices raised concern that inflation will accelerate, forcing a rate increase. That offset gains in blue chip companies such as Hanson, National Power and Allied Domecq which are expected to post buoyant earnings this
        689 words
      • 121 15 -25.74 French stocks fell, as the euphoria of Jacques Chirac's presidential election last week faded and investors focused on the makeup of his first government, to be announced this week. Since Chirac's victory on May 7, the CAC-40 Index had gained 4.7 per cent. Yesterday, the CAC fell 25.74
        121 words
      • 165 15 +9.13 Sweden's leading stock index climbed to a record closing high, led by banks, as the steady krona fuelled bond gains. Forestry issues also contributed, rebounding after tumbling 4.6 per cent last week following disappointing first-quarter earnings from Stora Kopparbergs Bergslags AB. The krona rose 0.04 per cent against
        165 words
      • 207 15 -10.40 German stocks fell, dragged down by the leading companies Allianz and Siemens, as the dollar pared recent gains against the mark. The DAX Index dropped 10.40 points to close at 2,092 with insurer Allianz and electronics and engineering giant Siemens causing more than a third of its losses.
        207 words
      • 155 15 -1.90 Belgian shares closed mixed, as a fall in financial shares offset gains in companies with dollar-denominated sales. Banks and insurers, the main holders of Belgian Kvernments, tracked bonds ver, amid concern no government will emerge from Sunday's legislative elections, which could weaken the Belgian franc and bonds. The
        155 words
      • 227 15 10.8 Swiss shares closed slightly firmer. Dealers said volume was well below last week's big turnover as the market waited for new factors to trade on. The firm dollar supported sentiment. The broad SPI Index ended up 10.70 points to 1,795.04 while the blue-chip SMI Index added 10.8 to
        227 words
      • 168 15 +49 Italian shares closed higher for the fifth day, paced by telecommunications shares, following bonds and the lira higher amid signs the government is capable of controlling its spending deficit. "The continuing gains in reflect faith in Italy," said a trader. "Fund managers are playing on the recovery of
        168 words
      • 267 15 -0.48 Dutch stocks fell after rising for three days as financial stocks like ING Groep, Aegon and Fortis Amev gave up some of their gains made in recent weeks. Most multinational stocks, benefiting from the recovery in the dollar, rose. Among them, consumer products group Unilever, brewer Heineken and
        267 words
      • 391 15 10.4 South African shares finished a slow day mixed as the market found no few fresh factors to influence direction, dealers said. They said the listing of unbundled JCI divisions had been the feature of the day, where a bullish start for the listings turned softer by the close.
        391 words
      • 747 15 Stocks turned moderately higher in quiet trading early yesterday as strong bonds helped the market fend off profit taking following last week's record-setting sweep. The Dow Jones Industrial Average, which climbed 19.37 points to a new re-cord-high 4,430.56 on Friday, was ahead 10.03 to 4,440.59 at 1 lam
        747 words
    • Article, Illustration
      2793 16 Bloomberg Business News HONGKONG Stocks were little changed yesterday as investors decided that lower US interest rates have exerted their full effect on share values in Hongkong for now. The Hang Seng index dropped 28.04 points to 9,189.79. Altogether, HK55.33 billion in shares traded hands, a steep drop from
      Bloomberg Business News; Source: Bridge Info  -  2,793 words
    • Article, Illustration
      569 16 CLSA IN Hongkong, the H share index rose 4.85 points to 1,161.39 on a turnover of HKSB7 million. Tsingtao Brewery lost 5.8 per cent on profit-taking. Turnover in both the Shanghai and Shenzhen B markets dried up yesterday. Foreign investors made up the majority of sell orders while local
      CLSA  -  569 words
    • Article, Illustration
      2518 16 TOKYO Stocks rose for the first time in six days yesterday as the yen's continued retreat against the dollar brightened the outlook for export earnings. Exporters, including precision instrument and car shares, were among the biggest gainers as the dollar climbed as high as 87.57 yen, up from last
      Source: Bridge Info  -  2,518 words
  • Page 12 Advertisements
    • 69 12 In Jakarta, our convenient location ensures the well connected stay that way. MANDARIN ORIENTAL JAKARTA Singapore Reservations: 33Q 0033 Utiles: 330 881 1 rit Mandarin Oriental: Jalan M 11 Thamrin, PO Box 33Q2, Jakarta *****, Indonesia Telephone: (21) 314 1307 Facsimile: (21) 314 8080 'ThtFJeadmfbkxelscfthtWbrid Bangkok Hong Kong Jakarta IxtnJon
      69 words

  • Page 13 Advertisements
    • 61 13 Bertm FURNITURE S V S T E U CREATING A MORE PLEASANT WORK SPACE FOR ALL I I i u '<,4 1 i A 1 I ■A 4 V I KJ/ iu —IPIHBBS CHECK IT OUT BEFORE YOU MAKE YOUR MOVE Shaping today's business, perfectly K&E MARKETING (S) PTE LTD
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    • 93 13 We provide consultancy services 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
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    • 356 13 University of Leeds TV University of Leeds grew from the Yorkshire College of Science and the Leeds School of Medicine, both founded in the Since receiving Royal Charter in 1904. Leeds has earned a place as one United Kingdom's largest and most successful universities. over SI departments a reputation research
      356 words

  • Page 14 Advertisements

  • Page 15 Advertisements
    • 93 15 '■k Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman
      93 words

  • Page 16 Advertisements
    • 50 16 MONT* BLANC THE ART OF WRITING Available at MONTBIANC BOUTIQUES Singapore Ngee Ann City #01-32 Raffles City #02-03 and all authorised dealers The Jakarta and Bangkok stock markets were closed yesterday AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. Business Times WE KNOW ASIA
      50 words

  • SPORTS
    • 439 17 The America's Cup AP AUCKLAND New Zealand awoke with a happy hangover yesterday and its biggest city started to plan for the next America's Cup regatta. Team New Zealand won sport's oldest international trophy off San Diego on Saturday early Sunday New Zealand
      AP; Reuter  -  439 words
    • 724 17  -  NBA Playoffs By Harvey Araton NYT CHICAGO This at one time was said to be the basketball season from hell, when the gimme-gimme Generation Xers were supposedly tearing down everything that Larry, Magic and Michael painstakingly built. Then the great Jordan himself
      NYT  -  724 words
    • SPORT SHORTS
      • Article, Illustration
        33 17 NEW YORK NBA semifinals Sunda> Eastern: Chicago 106 Orlando 95 (Best-of-seven scries tied 2-2). Western: LA Lakers 71 San Antonio 80 (San Antonio leads 3-1); Houston 110 Phoenix 114 (Phoenix leads 3-1).
        33 words
      • Article, Illustration
        78 17 AP SOUTHAMPTON, England Less than two weeks after losing its first Test series in 15 years, to Australia, the West Indies were beaten in a one-day match on Sunday by a Hampshire team that is wi'nless in English play this season. The tourists lost by 43 runs, due in
        AP  -  78 words
      • Article, Illustration
        124 17 IRVING, lexas I'SSIJ million B>ron Nelson Classic final rd Sunday (US unless noted): 263 Emie Els (SA) 69 61 65 68 266 D A Weibring 65 69 67 65. Mike Heinen 67 66 67 66, Robin Freeman 65 65 68 68 268 Jav Don Blake 64 69 69 66,
        124 words
      • Article, Illustration
        185 17 Reuter BARCELONA Nigel Manscil's severe criticism of the car built for him by the McLaren Formula One team raised new doubts over his future yesterday in the wake of Michael Schumacher's convincing victory in Sunday's Spanish Grand Prix. The 41-year-old Briton, who won the drivers* world championship with Williams
        Reuter  -  185 words
      • Article, Illustration
        84 17 AFP BEIJING China's state-run media gave prominent coverage yesterday to the national team's clean sweep in the World Championships, hailing the victory as a "great honour" tor the whole country. The party mouthpiece, the People's Daily, gave front page coverage to China's success on Sunday. The paper said
        AFP  -  84 words
      • Article, Illustration
        101 17 ROME Conchita Martinez of Spain turned the tables on compatriot Arantxa Sanchez-Vicario to clinch a hat-trick of Italian Open titles here on Sunday. Wimbledon winner Martinez kept her composure after a 90 minute break for rain in the first set to defeat the top seed 6-3, 6-I.The win also
        101 words
    • 192 17 Golf AP SYDNEY Sydney financial adviser Gary Dawson enjoys a game of golf. He enjoys it so much, in fact, that he played 1,180 holes over the past seven days. Dawson, who is also a competitive triathlete, yesterday claimed a world record
      AP  -  192 words
  • Page 17 Advertisements
    • 183 17 B range of business users. B B ♦To empower business users to become more all the core technologies involved in data H H self-sufficient in meeting their own information warehousing, from back-end access to legacy H B needs. systems to front-end decision support and Hj SAS Institute's strategies for building
      183 words
    • 679 17 ST COMPUTER SYSTEMS SERVICES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF FIFTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fifteenth Annual General Meeting of the Company will be held at 750 D Chai Chee Road, #03-01, Chai Chee Industrial Park, Singapore 1646 on Friday, 9 June
      679 words

  • Page 18 Advertisements
    • 378 18 M This BUD's For You J WHERE TO WINE, DINE AND ENTERTAIN TH€ MOST fIUTH€NT!C ITfiUflN PflSTfl PIZZfI IN TOIUN y All-TIME ITALIAN FAVOURITES... ...NEARER TO THE EASTJfr PASTA FRESCA DA SALVATORE PTE LTD tJiXUfr X Iml Quay S(0l04) (OKk 24 HOIIKS) U *****53 *****10 J&Mf OS M4W3 IspMb Ml
      378 words
    • 283 18 COSMOPOLITAN FARE Wm. At Cafe Carousel Feast as much as you can from a wide VARIETY OF DELECTABLE CUISINES FROM ALL OVER THE WORLD. $16.80 (lunch) $18.80 (dinner) PRICKS SUBJECT TO 10% SERVICE CHARM. 1* CESS A 3% GST (NOT AVAILABLE ON 14 MAY) (Md J4 *o«r tmffr* t«s«r BOULEVARD
      283 words
    • 356 18 LUNCH OR DINNER, 1 FEAST ALL YOU I ICA N I That's over 50 delightful dishes in all! Featuring the Ix-st talked alx>ut jv seafood and Cantonese cuisine. F g All you can eat. Complimentary platter of Suckling Pig and Cuiling S Herbal Jelly. 5 Lunch: $23 (Adult) $15 (Child)
      356 words
    • 340 18 ra/-= Jaticy 'Beijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian tin 'Beijing dumplings, a selection V of set menus, and Heijing specialities such as Heijing Italyd Tench and HbS®® Marinated Lamb, fancy some now? RMURAST I
      340 words

  • LIFESTYLE
    • 556 19  -  A festival in Singapore this September will showcase Japan's top artistes, writes Susan Tsang Susan Tsang SUSHI and other Japanese food are catching on here, but come September, Singaporeans will find an even wider assortment on their plates on National Day. As the fireworks go up
      556 words
    • CHATTER BOX
      • 233 19 NYT AP AP THREE actors in baby outfits playing a kicking and screaming David Geffen, Jeffrey Katzenberg and Steven Spielberg sing a version of Triplets. Melanie Griffith, Keanu Reeves and Juliette Lewis are also ridiculed in another skit. This is the wicked
        NYT; AP  -  233 words
  • Page 19 Advertisements
    • 429 19 WHERE TO WINE, OINE AND ENTERTAIN <3f°®tero pi HlmO Olde English Eating House Mi y 4 Zll Orchard Rd #02-38 Specialists' Centre Singapore (0923) jfrf I LUNCH SPECIAL B Mushroom Pie M Valid Mon-Frl except Public Holiday DEVONSHIRE CREAM TEA 5 (Served from 3pm-6pm) Oven hot scones with butter, strawberry
      429 words
    • 30 19 <**»> *on» PKtuai BOOK NOW for the KTV Rooms special promotion (For reservation please call 356 1136) Wednesday Ladies Nife The 101 Thomson Road #81-01/06 United Singapore 1130 Tel: 356 1136
      30 words
    • 30 19 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. I CAT A
      30 words
  • Page 19 Miscellaneous
    • 395 19 WEATHER Singapore: Fair warm. Temperature (25-30*). fate-facMc Hi/La' Cm 4. Carafe Hi/la* Cm 4. Buenos tan 17/07 OouOy Aucttanj 18/06 Ran Amsterdam 14/09 Showers Chicago .23/11 Cloudy Bang Ho* 33/24 Cloudy Athens 22/13 Cloudy M0n0Mi..... 27/22 Cloudy Beijmg 27/12 Showers Ocrtr 18/08 Showers Houston 27/18 Cloudv S2I a £2= =jv.4
      395 words
    • 670 19 TV RADIO I Creatures i World, 9pm, Ch African wildlife usually brings to mind lions and elephants. t David and Carol Hughes look *f|yFs^|s''.'-' :<i^: at the small creatures who pop- -t<T **'v lib ulate the continent: dung bee- -<V?r ties, wasps, praying mantises, r* 'jfl ticks, frogs, baboon spiders,
      670 words

  • 528 20 k .£DtTOfttftfcr IT IS hard to give more than a cautious welcome to China's promulgation of a commercial bank law which will come into force on July i. In principle the new law, passed last week, is a major step towards the liberalisation of China's financial
    528 words
  • WHAT THE OTHERS SAY
    • 326 20 A MAJOR pronouncement by Beijing in connection with the disputed Spratly islands seems almost to have escaped the world's notice: about three weeks ago, Chinese Foreign Ministry spokesman Chen Jian announced that while maintaining its claim to sovereignty over the archipelago "and maritime rights and interests",
      326 words
    • 131 20 SINGAPORE'S position of not contributing to the Asian Development Fund should not be construed as its scepticism towards the development in Asia. The debate on the effectiveness of official development has been long and unnecessary. After all, such aid is usually associated with a developed country's
      131 words
    • 240 20 THOSE who are worried that China may become hegemonic often neglect the fact that many Asian countries besides China are also becoming developed countries, and their wealth could exceed that of China. Therefore, even though China becomes one of the top economies in the world,
      240 words
    • 137 20 THE Nuclear Non-proliferation Treaty (NPT) is full of holes large enough to have been blasted by multiple nuclear warheads. Not the least of these is its endorsement of the right of the five established nuclear powers to retain their weapons (despite the lip-service they are expected
      137 words
    • 97 20 THE thought that ministers, deputy ministers and parliamentary secretaries could get the sack if they cross the line of proper demeanour is something to savour, surely. Would the government really terminate the services of cabinet ministers if they misbehave? Prime Minister Mahathir Mohamad seems to have no qualms
      97 words
    • 116 20 FOR this country, the private sector is not just significant for its relationship with international investment. With the degree to which Malaysia is committed to trade, the takers of such investment are increasingly shaping and multiplying the economic opportunities being sown nation-wide. As more and more
      116 words
  • 851 20  -  Mukul Asher on what the regional grouping can do to sustain co-operation Mukul Asher The writer is Associate Professor of Economics and Public Policy. National University of Singapore THE recently concluded eighth summit of the South Asian Association for Regional Co-opera-tion (Saarc)
    851 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 112 20 ONE. EGG irnmeese. /DOT ywe CUT thph* V TODPIVS soejciPvLic vw e»o«-iNo VOP\IE.R FOR HOU) i ONeoutpgoM SSn.j ft r Jfe:' p f I c.gp<* sweo- P"D J j issue y OM O MYSeuf J IGOHTe.»TS AMOCUTtO WWIWW LTD.. IfMttS ffr-ft, DOONESBURY GARRY TRUDEAU SIR., IN Themes OF IHS U6LY,
      112 words

  • ANALYSIS
    • 2858 21  -  Jamie Spitscovsky interviews the man who defeated the French and Americans on the road to freedom for Vietnam Jamie Spitscovsky VIETNAMESE General Vo Nguyen Giap has made his place in history as one of the greatest military geniuses of all times. In 1954,
      2,858 words
    • 684 21 ON AUG 28, 1911, a village called An Xa ensured its name in history when Vo Nguyen Giap was bom there. At the age of 13, the future nationalist general already had his name registered in police flies. But An Xa almost disappeared from the
      684 words
  • Page 21 Advertisements
    • 333 21 ft U S I N E S S TIMES TOLL-FREE TEL. No. 1-800-741-1883» FAX: 741-1298 I CHIEF FINANCE OFFICER I I Location: China I I $180,000 to $200,000 pa plus Housmo I I A prestigious Sino-Singapore joint-venture is looking for a Chief Finance Officer to be I based in the
      333 words

  • 473 22 Knight-Ridder ISLAMABAD Relations between Pakistan and India continued to deteriorate as Islamabad ordered a nationwide protest against the burning of an Islamic shrine in Kashmir, officials said yesterday. The decision to hold the protest later this week was taken at
    Knight-Ridder; Reuter  -  473 words
  • 471 22 Reuter AFP TOKYO Japanese police yesterday arrested the suspected mastermind of the Tokyo subway gas attack and were poised to storm the doomsday cult headquarters where the sect's founder was holed up. After an investigation spanning nearly two months following the
    Reuter; AFP  -  471 words
  • 295 22 AFP HONGKONG US President Bill Clinton looks poised to renew China's most favoured nation (MFN) trading status, this time with strong support from Congress, the American Chamber of Commerce in Hongkong said yesterday. "Our feeling is that it looks pretty good.
    AFP  -  295 words
  • 254 22 Japan says blast could harm economic aid AP Reuter BEIJING China conducted an underground nuclear test yesterday, just days after the United Nations ended talks on indefinitely extending the international treaty to prevent the spread of atomic weapons. The test was China's third in a year
    AP; Reuter  -  254 words
  • 287 22 Reuter MUNICH A regional German central bank chief yesterday raised the prospect of a further cut in interest rates this year, the third to do so in the past two weeks. Franz-Christoph Zeitler, president of the central bank in
    Reuter  -  287 words
  • 850 22  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE US-JAPAN car wars will not go down as a glorious chapter in the annals of American history. They are more likely to be remembered as a vain attempt by
    850 words
  • 153 22 AP SEOUL North Korea has accepted a US proposal to hold high-level nuclear negotiations in Malaysia this week, a South Korean official said yesterday. The talks have been called to break the deadlock over North Korea's refusal to accept South
    AP  -  153 words
  • Page 22 Advertisements
    • 202 22 artnership forged by UNDERSTANDING MANDARIN FOR BANKERS iff* M A Sample Course Outline 1. Objective: This programme is designed for bankers who have some command of social Mandarin. The focus is on learning business Mandarin with special reference to banking ana financial vocabulary through select reading and situational practices. 2.
      202 words
    • 124 22 Distributor for Nitsuko Keyphone Systems A EPABX: SIMtgApORC SINGAPORE COMMUNICATIONS CO/U>W EQUIPMENT CO PTE LTD Tef 270 TOOB ■Every Call Is A Commitment! Is this your office^, time travel to Singapore/\N^^>^ If you believe in creating the raht impression, working from a cafe table isn't Die way to go. An
      124 words

  • Shipping Times
    • 394 23  -  Foreign shipowners unhappy with resolutions of some recent disputes From Tran Dinh Thah Lam in HO CHI MINH CITY VIETNAMESE lawmakers are calling for a thorough look at the nation's maritime code. This comes in the wake of unhappiness among foreign shipowners
      394 words
    • 836 23  -  From Alan Boyd in BANGKOK THAILAND is studying the feasibility of building a third deepwater seaport serving the central industrial belt around Bangkok, as existing terminals approach full capacity. The government's Maritime Promotion Commission is looking at possible sites
      836 words
    • 325 23 SES 000 May 12 S$ Vol CWT 25* 170 2 60 CWT A 25' 151 Chuan Hup 119 +2 198 Cosco Inv 170 +2 31 Cosco Inv A 160 unch 10 FELS 50* 685 unch 441 GB Hldgs 20* 80 +0.5 12 Hai Sun Hup 20* 133 +2
      325 words
    • 306 23 TOKYO World shipbuilding capacity in 2000 may increase by a staggering 74 per cent on the 1990 capacity, according to the Japan Maritime Research Institute (Jamri). That would mean a 26 per cent to 29 per cent surplus capacity given the
      306 words
    • 100 23 WE START today a new daily Page I feature Maritime Stocks, a compilation of all ship-ping-related stocks in Singapore and in the region. On Page 2 is another new feature. Bulletin Board, where we carry tidbits about the ins and outs of the shipping community
      100 words
    • 397 23 MBT KUALA LUMPUR Malaysia's Department of Environment wants to reduce the time it takes to respond to oil dumping activities in Malaysian waters. It feels that the current six to 10-hour process causes the department to fail to gather more
      MBT  -  397 words
    • 130 23 Bloomberg Business News LONDON Freight traffic through UK ports increased 6 per cent in 1994. the biggest annual increase in 15 years. Department of Transport figures show. According to provisional statistics, freight traffic through UK ports totalled 538 million tonnes in 1994.
      Bloomberg Business News  -  130 words
    • 64 23 Reuter BEIJING China's first oil tanker cleaning port has already cleansed 33 foreign tankers. most of them supertankers with capacity above 200,000 tonnes, the official Xinhua news agency said yesterday. The recently opened port at Zhoushan in Zhejiang province near China's most populous city, Shanghai,
      Reuter  -  64 words
    • 344 23 Journal of Commerce MANILA A long-awaited boom in the Philippines' sleepy domestic inter-island shipping industry is becoming a reality as local and foreign investors position themselves in this potentially profitable sector. Business interest in domestic inter-island shipping was spurred after President Fidel Ramos signed an
      Journal of Commerce  -  344 words
    • 257 23 Reuter DUBAI The US has warned ships to exercise caution when sailing in the northern Gulf, where it said Iranian gunboats have been intercepting and hijacking ships to extort money, shipping sources said on Sunday. "Mariners are advised to exercise extreme caution
      Reuter  -  257 words
    • 634 24  -  But Cosco says it is not out to undercut others. Elizabeth Canna and Joseph Bonney report Elizabeth Canna and Joseph Bonney American Shipper ASK any global liner operator which competitor it wonders and worries about the most. Nine times out of 10 the
      American Shipper  -  634 words
    • 303 24 Pa** •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appcnship 4 Arowana 6 Astro 10 Austral 11 At ant 6 USA 11 Batamindo •CCNI 4 •C M A 11 •COSCO 7 •CSAV 3 Centenary Central Ex 11 Chaha>a 2 •C'ho ang
      303 words
    • BULLETIN BOARD
      • 99 24 China Southwest Airlines has named W Helen Hong (above) to head its new W Singapore office as general manager. The M office is in Carlton Building at Cecil Street. Ms Hong joined the airline in 1965 after graduating from Chengdu University. Her airline career began
        99 words
      • 94 24 The Inmarsat (International Maritime Satellite Organisation) Council has appointed Noel Isotta as an interim director general of the 77-member organisation. Mr Isotta assumed his new position on April 1. He takes over from Olof Lund berg who resigned to serve as chief executive officer of
        94 words
      • 102 24 c i u* Pnmarder* Association (SFFA) The Sinaapo" Fre, lnlM(r and d»n« on I b. hoWina thl. OrtW*» ttwM tar,n '"IL,mi. number of comp.nl" have ptoda* 4 3« nerou9 con {n CWT Distribution, II comp»ni«» lnclu«i«- M global Container Freiaht. V BuOetin Board vril
        102 words
      • 69 24 Message Management, the Hongkong-based PR consultancy specialising in transport and travel, marked its fifth anniversary with the opening of its Singapore office this month. The new company MM Communications opened its office at 65A Tanjong Pagar Road. Message Management clients include Airbus Industrie, Avro International, International
        69 words
    • 10962 30 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. 1 he page number refers to the location of the schedule advertisement ETA ETA LlM Vassal Voyage Pg I SIN Datt'n
      10,962 words
    • SHIPS IN PORT
      • 451 35 Voy Wo Berth Arrival D«paftut iurong Port p« 3003/B J13 alongside 16.05.0700 Rachmanuel I VM/95 J3 alongside 16.05/1800 Vincent Dehnas 201W J16/17 alongside 16.05/1500 Auha Seraya AS/09/95 J21 16.05/0800 16.05/2000 Barenbete J4/5 16.05/0700 18.05/0700 Batam Bahagia 05/03/95 J1 16.05/0915 17.05/2315 Batam Indah N198 J12 16.05/0900 17.05/2300 Hefly
        451 words
      • 1404 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book Rids Ship Vof Wo Etb/Btr Period ffom To From Acx Ltac 044A 16/1800 IB 15/1500 15/1659 15/1900 Aci Swan 170A 17/1000 1A 15/1500 15/1659 15/1900 3 16/0700 16/1159 16/1400 4 16/1200 16/1459 16/1700 Ac* Violet 047B 16/2359 IB
        1,404 words
      • 901 35 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        901 words
    • AIR & LAND TRANSPORT NEWS
      • 327 36  -  By Ramesh Divyanathan SINGAPORE India's domestic airline market, which Singapore Airlines (SIA) and partner Tata Industries have been eyeing, is suffering from excess capacity. UK-based Airline Business magazine says in its May issue that many private domestic operators have reported falling load factors
        327 words
      • 43 36 AFP PHNOM PENH A Cambodian family travelling by cyck) racing through rush hour traffic in downtown Phnom Penh. Cyclos remain a convenient and inexpensive form of transport and are celebrated with an annual race this month. AFP
        AFP  -  43 words
      • 373 36 AFP HANOI Car giants Toyota and Ford have officially submitted licence applications to the State Committee for Cooperation and Investment (SCCI) to set up joint-venture production lines in Vietnam, a news report said yesterday. SCO's weekly Vietnam Dau Tu Nuoc
        AFP  -  373 words
      • 106 36 Knight-Ridder BEIJING China will produce a multi-purpose vehicle for domestic use in a joint-ven-ture project reported to be worth US$l billion (S$ 1.39 billion), the official China Daily said yesterday. A senior executive of China Nanfang Automotive Corp, the local company chosen to
        Knight-Ridder  -  106 words
      • 218 36 Reuter SEOUL About 2,000 workers at a Hyundai Motor Company factory went on strike yesterday demanding the reinstatement of seven workers they said were fired unfairly, company officials said. "A small section of our lines in Ulsan have been suspended today," a Hyundai
        Reuter  -  218 words
      • 310 36 UPI MEXICO CITY Mexico's programme of privately operated toll highways is in crisis, caught between truck drivers demanding reduced rates and bankers demanding repayment of billions of dollars in outstanding debt. Truckers represented at last week's assembly of the national freight transport chamber said
        UPI  -  310 words
      • 414 36 FT LONDON The UK and the US believe they will be able to reach a new agreement on air services during talks scheduled for the end of the month in Washington. After two days of discussions in London last week, the
        FT  -  414 words
      • LOG BOOK
        • 82 36 Reuter TAIPEI Taiwan's flag carrier. China Airlines, will add seven weekly non-stop flights from Taipei to Kuala Lumpur starting today, bringing its total weekly routes to the Malaysian capital to 14. The additional seven flights will mark China Airlines' first non-stop flights to Kuala
          Reuter  -  82 words
        • 71 36 AFP TOKYO Japan's Mazda Motor Corp announced yesterday plans to start testing hydrogen-fuelled cars on public roads in cooperation with the Hirohata works of Nippon Steel Corp in western Japan. The company, the first to be authorised to conduct such tests in Japan, said two
          AFP  -  71 words
        • 82 36 Reuter DETROIT General Motors Corp said on Sunday it is recalling 111.000 1995 Chevrolet Blazer and GMC Jimmy sport/utility vehicles to fix a potential fuel tank leakage problem. The fourdoor vehicles are being recalled in response to a federal government crash test in November 1994
          Reuter  -  82 words
        • 80 36 AFP PARIS The president of Air France, Christian Blanc, is to take control of management at the Air Inter domestic airline in replacement of Michel Bernard who resigned on Friday, Air Inter said on yesterday. Mr Blanc said in a statement that
          AFP  -  80 words
        • 78 36 AFP LONDON The Swiss-Swedish train building company ABB is to close its factory in the northern English town of York, a pioneer plant in rail history, with the loss of 750 jobs, the company told workers recently. The plant will shut by the end
          AFP  -  78 words
      • 257 36 Reuter SEATTLE United Airlines executives got the keys to their first Boeing Co 777 jetliner yesterday, ending the initial phase of a US$5-billion (556.9 billion) development programme that has transformed the world's biggest plane maker. While it will take years for the new twin-engine jetliner
        Reuter  -  257 words
      • 1427 36 AIRCRAFT ARRIVALS DEPARTURES Aba Mutt GA882 2310 Addwde QF81 1930 QF82 2055 SQ228 2120 Aantcrrtaai KL831 0925 GA974 0020 SQ327 1530 KL&44 0040 GA897 1605 KL838 2300 SQ26 2355 Mfam SQ348 2250 AWttmt SQ286 2040 SQ288 2045 NZ74 2340 IMhOM BI42I 1100 SQ182 0915 SQ18I 1410 B422 1200 BI429 2115
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  • Page 23 Advertisements
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    • 33 23 New Express Service HAMBURG E. EUROPE Effective from April '95 pis see Pa 6 for schedule PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Business Times
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  • Page 24 Advertisements
    • 1389 24 I I NORTH AMkICA I OTHER DESTINATIONS I I NORTH AMERICA I DIRECT COLL TO WEST COAST (9C» I WIST COAST Of CENTRAL AA*€RICA (MAftQAWTTA SERVICE) I WQAPORC CAUTOWOA EXPWEBB (TORECT FROM WEST COAST) ntSEL WY STOW LA OAK WR SEA DM. HOUITOII CMC KY WOCC mi IWY 19 IMI
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    • 413 24 Lines and services represented by /4sjfe&\ Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Tunes: Tel 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BusinessEmes SWCIiWIII MARINE AQENOES (S) PTE LTD TEL: *****33
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    • 3169 25 Vtssa VOY SMtTA/P IAI OAK 00 MBA/COL HOU NYC NOB Mi. MUGATO VKIOKY 01A 11/05 /11/05 29/05 30/05 31/0$ 01/06 02/0* 07/04 MM 06/06 MAOONACMBPGi BSA 18/05 /19/05 04/06 00/00 07/0* 00/00 00/04 00/00 11/00 13/00 AUJGAIOOIMUMPH 03A 25/05/20/05 11/06 13/00 14/00 IS/00 16/06 16/04 18/00 20/00 GMOGIWASWNGTONW 87A 01/00
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    • 1311 26 VRSR Mf m W ANT LHA STON PKEANG SIN HK6 UO TTO SHI KOK MS "MttfweroM 0i7?i7~~h74 WT M ""7s~ Ivs~ lys~~i7i .W_IMI IftHKUSOI EPICS 24/417 W/4 ?7/4 M/ 4 VS Z/5 71/S tt/S K/ S 30/S 31/S wsuua H/711 VT" S/S 4/S VS M/ 5 30/5 1/4 1/4 V*
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    • 514 26 it I- I CENTARUS 28/5 RdnVAtwAJK/Nanles I ARIEL 25/5 2/6 RdrrVAtw/UK/Nantes I Loads EVW. Malaysia, Indonesia J Loading tor 1 U-KAVAN Oubai/Damman/Kuwait/Hodaidah/Jdh I JaddafVPort Said I >TAL Dubai/Damman/Kuwait/BahrairVDotia I gapors, EVW. Malaysia. Indonesia J I Loading for AO(TYA GOPAL Loa Angeiee/New Orleans/ I Chariest on/Norfolk/Camden I OCEAN ISLAND Loa Angetes/tltw
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  • Page 27 Advertisements
    • 1354 27 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppol Towers Singapore 0200 Tel: *****80 Fa»: *****17 new guinea pacific line (A SERV )ce of china navigation co) CARGO DOE SAM.S C J MAGAIII-22 V96OK Muin, Lib, Kch tl May 16 May 17 May lrf rowTAimP W» 55wut —M 1
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    • 2005 27 p&l Containers (Singapore Agencies) Pte Ltd r /n| iir/Mi* 10 Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE Te|: 2 2233. Teie*: rs usm pnocsp Fax. 225 5327/222 7517 CR Number *****9 *****/ EXPORT IMPORT VESSEL VOY 'WW PKO S4N tOO ANT MOT MAM OOT BR*
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  • Page 28 Advertisements
    • 1051 28 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM HSG THP ANW LHV LHV ANW THP HBG ROM PKL SGP I REACH RW 003 M M 11/» 1M 2KRES 2? V* M 25 j?1 E REWARD RW-013 27/5 1M 1M 2M 7 2 3 4 E RIGHT RW 018 3/6 23,-6 25* 27* *0/7 I" XfKJtfti,
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    • 1012 28 PERSIAN GULF SERVICE VtSSEL VOY SGP OUt ABU 555 MM KWT 55 WESERLANO 300 ?495 041* 0506 07« 071* UNI CONCERT 0349-016* 2805 0706 0806 0906 IMK 1106 1106 UNI CONCORD 0350-021W 08.06 IMM 1908 ?MK 2106 2206 22U6 UNI CORONA 0351-027W 1506 75.06 ?606 2706 28,06 2906 2946 ALSO
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    • 588 28 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUE JAOE 19. 5 17,5 Loading lor Male IRUVAIHUDHU 22/5 Loading tor Japanese Poets PIONEER SUPREME 2V5 Loading for Male UMMEEOH 205 Loading tor Male PROGRESS LIBERTY 30/5 Loading tor Bangkok PIONEER ELEGANT 28'5 Loading
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  • Page 29 Advertisements
    • 2144 29 EUROPE EXPRESS TO FELIXSTOWE, ROTTERDAM AND HAMBURG Sftetl Afo»ts T»l (6t»trtl) 22HM0 MMMH*' o«pf COSTAR SHIPPING PTE LTD r M -£•»«»<»#'«»»«» u nmzuM totmr cn>mus»n utsut Ots Vtl ToL.r CK Ht imrnuu M f„ *****01 tr§*tHlt Src OKI 42H750 f 42tS7U MM CCSU JOHOHt OfflCi fli *****1! F„ 2211 Hi
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    • 485 29 JKJE= Pitt. INTERNATIONAL PUL INTERNATIONAL (JL r- --in i > I-_ f rWf vOTIIIMVTDVv RVMHi r VfOVt JWTM Dkedt Regeier Fixed Day SAas betweea tie ports of hrioMtia, Msoysio Tkoflmd Alm aueftfag COC/SOC Carge (Dry/Reefer) te fll fatiMtlOltS Wf MfVtt PItQM COetOCt Otf Agents stated b#fo w JAKARTA (UTC 1)
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    • 801 29 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) NEXT GROUPAGE SERVICE TO SHANGHAI ETA: 22ND MAY 95 CONTACT: KEN SIM/SYLVIA HOTLINE: *****33 (30 LINES) P KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 QLOBELINK FORWARDERS PTE LTD M/WLM
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  • Page 32 Advertisements
    • 1107 32 VOY SIN JKT WANA BHUM 277S w,d U/l ?f5 20/5 fj THANA BHUM 121N Tue In Pt Wed 17/5 [VESSEL VOY SIN BKK ft VIRA BHUM IMS Thu_ J8/5 Sun_ 21/5 KOTA JADE JAQ065 Wed 17/5 Frt 19/5 MAHA BHUM 227N Tue In Pt Frt 19/5 BHATHA BHUM 80S Sun
      1,107 words
    • 847 32 78 ANSON ROAD, *21-01, 8INQAPORE 0207 TEL: *****92 FAX: *****87 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANO PENANG VESStl VOY SIN PKL VtSSEL VQY I SIN PEW SEA LAUREL 386N 186 (THU) 19/S (FRl) XOUR JAYA ***** 17/5 (WED) EAGLE BREEZE 204A 18/5 205 (SAT) MCC CONVEYOR 5029 1*5 lFR»
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  • Page 33 Advertisements
    • 591 33 i BSfl it. MYANMA Vfl& FIVE STAR LINE (Myanmar National Una) w Loading (or Yangon (Rangoon) Spore P.KIg PCN PGdg SITTWC VB7E SID PATHEIN VI32W BLO PAGAN V22OW 18/D5 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUL: TEL 82-03-****** PKL: TEL 02 03-37*101 PEN: TEL 02 04-*****02 PGO: TEL 02 07 *****21/4
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    • 1135 33 ADVANCE CONTAINER LINES (PTE) LTD J8 140 Cacll Street. #12-00, PIL BuMdlng, Slngapor* 0106 M| I TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E SAHOKOK6IMOA EEFEEIS JAKARTA (S s*( ™Sn'A rat* ,s an I VOY IM I WW VMtL VOY JNT MN KOTAOUWA OUWMI j(WM| 17/M| MM|
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    • 797 33 BI*****«OOOOZ VESSELS WY ""siN~"" IE HAVRE HAMBURG ~T>W)CS ROTTERDAM AMTKff* 1 BALTIC SKOil TOOW 18/06 18/08 14/06 18/06 1&qB VJ-EOE LIBRA UXHN 23*08 13/06 18*06 17/06 I&Q6 Ift<o6 VILLEDE NORMA NOW 30*06 20/00 22/06 24/06 25/06 MW VILLE DC CARINA COBW 27A06 29/06 01/07 02/07 03*^ ALSO ACCEPTING CARGO TO
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  • Page 34 Advertisements
    • 747 34 AFGHANISTAN M&M Afghanistan Ltd., HkJH Hairatan, Torghundi, Islamqala (Doqharun) w««JC ■wH C.1.5./RUSSIA: Alma Ata, Ashkhabad. Baku. Dushanbe, Milit7or A Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, c Novosobirsk, Sochi. Tashkent, Tbilisi. Vladivostok, Vostochny U!aan Ba,or N Korea: Pyongyang. Nampo EXPRESS CONTAINER SERVICE PHHffiOSHiHHHfin TO WEST COAST SOUTH AMERICA ALSO ACCEPTING CAHQO TO:
      747 words
    • 346 34 \m*m MN CONTAINER LINES, INC I H~TT7z| Agents: MAC-NELS SPORE: *****22 (24 UNES) l~J\7 J CAHMOs **********0® MU(064)*****9 KUCHMQ(062)*****3 PCNANQ: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P. KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKK GENOA/EUROPE I PEN PKL SIN 5 SAILINGS/WEEK J™ J*
      346 words
    • 581 34 STRAITS/JAPAN/STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS fra [ftt 10AMMKM VBSfi _w sr r* OH-T 2 15/5 JAAAITAI7/5 (OSMK OUUiNGU It 17/5 MIGHT VWA 147 25/5 24/5 MUAUM/5 ANOHKA AMATMA 4 11/5 (IKMN6 1/A OMTUUI 5/4 H 7/4, MOOT*
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  • Page 35 Miscellaneous
    • 130 35 REGIONAL WEATHER LEGEND R Thunderstorm Temperoture c X\ y Show«r Weother _X Wind direction with speed in knots ee Roin W Cloudy Sky Wov h^ht Surface »Mi ore indicated by arrows which fly with the wind v!y One W circle represents cotm or light and vonoble winds i One half
      130 words

  • Page 36 Advertisements
    • 38 36 Ol Business Times m Shippinglimes KIMTRANS JV CARPENTARIA (S) PTE LTD 49 BEACH ROAD. #05-00 HEXAGON HOUSE, SINGAPORE 0718 TEL: 337 1117 FAX: 336 5488/337 5488 coWE^ CONFIRMED SAILING EX SINGAPORE 20/5/95 HEAVY LIFT TO 80 TONS AVAILABLE
      38 words