The Business Times, 18 May 1995

Microfilm: NL19983
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times WE KMOW ASIA MITA(P) 194/12/94 Thursday May 18 1995 85 c
    14 words
  • 2am LATEST
    • Article
      Lock icon Dow down 14 points
      58 1 Reuter NEW YORK Blue-chip stocks fell on profit-taking yesterday but high-technology companies continued to rally. At 1 pm EDT, the Dow Jones Industrial Average was off 14.18 points at 4,420.87. In the broader market, declining issues led advances 11-8 on active trading of over 201 million
      Reuter  -  58 words
    • Article
      Lock icon Barings debacle prompts tighter derivatives rules
      41 1 Reuter LONDON The collapse of British investment bank Barings prompted regulators supervising derivatives exchanges around the world to agree yesterday in a meeting in Windsor, near here, to strengthen the rules covering the instruments. Reuter
      Reuter  -  41 words
  • Article
    MARKET SUMMARY
    171 1 Stock market indices Wednesday Change STII 2,160.29 -33.48 KLSEComp 1,016.82 -19.24 Nikkei 16,471.35 +82.45 Hang Seng 9,170.24 +7.92 SET Index 1,355.72 -3.54 Jakarta Comp 464.6 +1.11 Manila Comp 2,779.57 +10.5 Taipei WPI 5,771.46 -28.42 Seoul Comp 886.2 +0.87 Bombay BSE30 ..3,219.13 +69.36 CLSA China B .......748.38 +0.33 Aust
    171 words
  • Article
    Cool response to HDB's first auction of small plots
    757 1  -  Bigwig developers absent from sale which drew lower-than-expected bids By Abdul Hadhi SINGAPORE Major developers have turned a cold shoulder to 99-year leasehold landed property, judging by the low prices and the absence of property bigwigs at the Housing and Development
    757 words
  • Article
    Japan says trade sanctions will backfire on US by cutting its car parts exports
    493 1  -  From Anthony Rowley in TOKYO JAPAN'S Trade Minister Ryutaro Hashimoto said Washington's trade sanctions against Tokyo will backfire by reducing US car parts exports. He told a Diet (Parliament) budget committee: "Let me point out here,
    493 words
  • Article, Illustration
    Hongkong bourse scrambles to tighten disclosure rules
    403 1  -  Goldlion chairman latest to reveal past conviction From Steve Vines in HONGKONG EMBARRASSED by the revelation of gaps in its regulatory enforcement, the Stock Exchange of Hongkong last night moved to tighten rules on the disclosure of information about public companies. This follows
    403 words
  • Article
    New Malaysian telecoms guidelines put on hold
    334 1  -  From Ruth Wong in KUALA LUMPUR A MUCH anticipated announcement on new telecoms guidelines for Malaysia was postponed yesterday after last minute disagreements between industry players over the issue of access. According to the programme for the World Telecommunications Day event held yesterday
    334 words
  • Article
    S'pore, KL stocks hit hard as regional markets cool
    271 1 SINGAPORE Activity in regional stock markets cooled drastically yesterday, leading to sharp corrections here and in Malaysia. Brokers said institutions were assessing the implications of the latest Singapore economic figures, which showed that growth had slowed to 7.2 per cent in
    271 words
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      159 1 CD-2233: Removal)!* CO Tucer with OSP Sound Processor/CD Changer Controller Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; 235 1333 Kuala Lumpur: Phone, 757 0233 Penang: Phone, 615 985/619 014 Jakarta: Phone, *****9/*****8 CONTENTS News Companies Spore News 2 S'pore-M'sia 17. 18 Regional News 3.4.5 Financial 22 World New
      159 words
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      17 1 Law: Pg w Age-old legal battle rekindled China suspends treasury bond trading after Shanghai scams, Pg 16
      17 words
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      Page 1 Advertisements Column 3
      14 1 Hock Lock Siew: Pg n A /Py Blue skies or rain clouds for SlAa^
      14 words
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      Page 1 Advertisements Column 4
      174 1 Bottohihine: p* 16 ■J)ump thme stock phrases r GOLFjHOUSE The Mfcmoste w GOLF HOUSE MEGA Ngee Ann Cify GOLF HOUSE Centrepoint GOLF HOUSE Marina Square B ROYAL SPORTING HOUSE GROUP 9 If I leave China knowing that I have contributed to a warmer relationship between China and Singapore, I am
      174 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Money supply expands strongly
        325 2  -  By Paul Leo THE chief measure of money supply, M 2, is on a steady growth path. Figures from the Monetary Authority of Singapore show M 2 grew 15 per cent quarter-on-quarter to $94.67 billion at end-March, compared to 14.4 per cent at end-December. M 2
        Source: MAS  -  325 words
    • Article
      Komatsu (S) scoops up stake in Thai excavator joint venture
      248 2 KOMATSU Singapore will take a 10 per cent stake in a 1.4 billion yen (Ss22 million) joint venture to make construction equipment in Thailand. The joint venture, between Komatsu's Japanese parent Komatsu Ltd and its Thai distributor Bangkok Motor Works,
      248 words
    • Article
      TAS opens third Internet licence to tenders
      282 2  -  By Genevieve Cua THE RACE is on for the third Internet licence, which will compete with Singapore Telecom's Sing Net and the soon-to-be commercialised Technet. The Telecommunication Authority of Singapore (TAS) yesterday invited hids for a licence to provide public Internet access services.
      282 words
    • Article
      10 firms get $290 m grants under R&D incentive scheme
      286 2  -  By Claire Leow THE National Science and Technology Board (NSTB) gave grants for $290 million worth of research and development projects last year under its Research Incentive Scheme for Companies (RISC). The amount disbursed by the board, however, was not
      286 words
    • NEWS ROUNDUP
      • Article
        Asean Telecom Alliance offers services
        64 2 THE Asean Telecom Alliance, a joint venture between telecommunications carriers in Asean, has begun to offer services to multinational and business customers. Initial services will include intra-regional private leased services. The alliance comprises Singapore Telecom, Philippine Long Distance Telephone Company, PT Indosat and Telekom Malaysia.
        64 words
      • Article
        SM leaves for Tokyo today
        36 2 SENIOR Minister Lee Kuan Yew will leave today for a threeday visit to Tokyo. There, he will speak at The future of Asia conference organised by the newspaper Nihon Keizai Shimbun.
        36 words
      • Article
        NUS, Nanyang to lift tuition fees
        90 2 THE National University of Singapore and Nanyang Technological University will raise their tuition fees for the academic year, starting July. Non-laboratory based course fees will rise 5 per cent and laboratory-based courses will rise 6 per cent. Medical and dental course fees will rise
        90 words
    • Article
      Skyscrapers here may be affected if big quake hits Sumatra: don
      395 2  -  By! Soh Tiang Keng TALL buildings in Singapore and Kuala Lumpur could suffer adverse effects if a large earthquake hits Sumatra, an engineering professor warned yesterday. Pan Tso-Chien, an associate professor at Nanyang Technological University, said that because of
      395 words
    • Article, Illustration
      Lock icon First-year GST takings in line with new estimate
      299 2  -  B* Ven Sreenivasan THE Inland Revenue Authority of Singapore collected a net $12.9 million from the Goods and Services Tax in March. This brought the first-year total to $1.5 billion in line with the government's revised estimate for the year. The government
      Source: Dept of Statistics  -  299 words
    • Article
      Ten chip in for school computer brain wave
      181 2 A GROUP of 10 organisations, including local computer firms IPC Corp, Creative Technology and Aztech Systems, is donating equipment worth $5 million and providing help in a pilot project for a new learning system in schools. The learning system, called the Student's
      181 words
    • Article, Illustration
      Geylang boarding house for sale by tender
      283 2 AN eight-storey boarding house in Geylang is being offered for sale in a tender that closes on June 13. The Teck Koon Hotel, at 68 Lorong 8, near Guillemard Road, is on a 733.5 sq m site and has a total gross floor
      283 words
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      81 words
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      122 2 VIETNAM A The official Telephone Directories i Yellow Pages of HANOI and HO CHI £*>***«* val. m MINH CfTY, featuring over 150,000 v m Business Listings and 600 Industrial WSDf m and Commercial Classifications for «|j|J your business connections. m Local and foreign listings Up-to-date j£ •In Vietnamese and English
      122 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Batam, Riau islands to be developed into prime industrial centres
      416 3 The Straits Times JAKARTA The Indonesian government has reaffirmed its intention to develop Batam and nearby islands in the Riau province into "centres of industrial excellence" to help propel the country into the next century. Research and Technology Minister BJ
      The Straits Times  -  416 words
    • Article, Illustration
      Lock icon KL against using sanctions to settle bilateral trade rows
      120 3 Bernama AP TOKYO Malaysia is against the application of sanctions by any country to settle bilateral trade disputes. Prime Minister Dr Mahathir Mohamad said yesterday. "I don't like the idea of sanctions," he said, adding that both parties could settle their
      Bernama; AP; Reuter  -  120 words
    • Article
      Lock icon Spratlys: US wants no hindrance to navigation
      163 3 AFP BANGKOK The United States will not take sides on sovereignty over disputed land masses in the South China Sea, but would oppose any hindrance to freedom of navigation, a senior US official said yesterday. Assistant Secretary of State Winston Lord told a
      AFP  -  163 words
    • NOTE BOOK
      • Article
        Lock icon Special offer to build Bangkok subway
        64 3 Bernama BANGKOK China's Shanghai City Administration is to bid for construction of a subway system in Bangkok and has offered a friendship price for the project. Thai Deputy Interior Minister Udom Tantisunthorn said here yesterday. Mr Udorn, who recently inspected subway systems in Shanghai
        Bernama  -  64 words
      • Article
        Lock icon Thailand bans travellers from Zaire
        64 3 Reuter BANGKOK Thailand has stopped issuing visas to people travelling from Zaire in another precautionary move to stop the spread of the deadly Ebola virus, a Foreign Ministry official said yesterday. Anyone found with a visa from Zaire, Kenya or Sudan issued in the past
        Reuter  -  64 words
      • Article
        Lock icon Jakarta to seek US$ 150m Finnish aid
        58 3 Reuter JAKARTA Indonesia will ask Finland for US$l5O million (SS2IO million) in credit to help implement family planning. Minister of Population and Family Planning Haryono Suyono has said. He added that a private Finnish company planned to set up a joint venture in
        Reuter  -  58 words
      • Article
        Lock icon Indonesia, Iraq to boost economic ties
        83 3 AFP JAKARTA Indonesia and Iraq yesterday agreed on several steps to boost economic cooperation, including the setting up of a joint committee headed by ministers. State Secretary MUrdiono said. The two countries will also work towards an umbrella agreement for economic cooperation as well
        AFP  -  83 words
    • Article
      Lock icon Indon deregulation package likely to tackle deficit
      215 3 AFP HONGKONG The Indonesian deregulation measures to be announced this month are likely to tackle the country's external balance, particularly the current account deficit, US-based investment bank Salomon Brothers said yesterday. Andrew Freris, US-based Salomon Brothers' chief economist, said in a weekly report
      AFP  -  215 words
    • Article
      Lock icon Malaysian businesses plough M$ 99m into Sri Lanka
      304 3 Bernama KUALA LUMPUR Malaysian businessmen have invested in 24 joint-venture projects in Sri Lanka with a total Malaysian equity of Ms 99 million (Ssss million) up to April 30, an official from the Board of Investment (BOI) of Sri Lanka said here
      Bernama  -  304 words
    • Article
      Lock icon Greens sue Jakarta over approval to mining firm
      232 3 AP JAKARTA An environmental group has asked a court to cancel government approval for a gold and copper mining company's plans for preventing environmental damage, an activist said yesterday. In a suit filed in the Jakarta Administrative Court on Tuesday, the Indonesian
      AP  -  232 words
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      85 3 •15 i\.'v "Tig/I '-v''*'; J| A Landmark in Time Place v-SB LANDMARK 1 ——i—■——— JOHOR BAHRU <$w| f|regHra§ Jofai Developer.: Enclwive M«ta«H Afwtt: 0)3 Qn] Qp §9$ Jones Lang wootton CHEUNG KONG (HOLDINGS) LTD NEW WORU) DEVELOPMENT COMPANY LTD TEM FAT MNG FUNG (HOLDINGS) LTD. Expected Date of Completion: 1997
      85 words
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  • CHINA/ HONGKONG/ TAIWAN
    • Article
      Lock icon Beijing issues new rules to weed out incompetent officials
      380 4 Reuter AFP BEIJING China's ruling Communist Party issued new rules yesterday forbidding nepotism, favouritism, personal grudges and other abuses that have undermined the quality of state and party officials. The regulations, bannered in the People's Daily and other major newspapers, come
      Reuter; AFP  -  380 words
    • Article, Illustration
      Wanted: small-time punters with a taste for profit
      500 4  -  Schutz Lee reports on a plan to set up food and entertainment centres across China Schutz Lee SINGAPORE An investment vehicle for small investors from Singapore to tap the vast food and entertainment market in China posted sales of more than 1
      500 words
    • CHINA WATCH
      • Article
        Lock icon Call to change China investment rules
        61 4 Bloomberg Business News BEIJING Economists at China's State Statistics Bureau have proposed the gradual removal of incentives aimed at attracting foreign investors, the official China Securities newspaper said. The officials said China should also direct new foreign investment more to infrastructure projects or capital-intensive
        Bloomberg Business News  -  61 words
      • Article
        Lock icon UK, China to meet on HK land sales
        99 4 Bloomberg Business News HONGKONG Britain and China will meet tomorrow to discuss Hongkong's 1995-96 Land Disposal Programme. The British colony reverts to Chinese sovereignty on July 1, 1997. Part of the agreement on the territory's transfer provides for Beijing to decide on
        Bloomberg Business News  -  99 words
      • Article
        Lock icon 90% of Beijing lifts said to be unsafe
        84 4 UPI BEIJING The official media warned yesterday that 90 per cent of Beijing's 20,000 lifts are potential death traps with on|y one in 10 conforming to safety standards. "Nine people died in elevator accidents last year and a recent Beijing Labour Bureau
        UPI  -  84 words
      • Article
        Lock icon Evans disappointed by China's N-test
        96 4 AFP SYDNEY China's nuclear test this week was a "poke in the eye" for people who want to see the tests halted, Australian Foreign Minister Gareth Evans says. Speaking in a radio interview on Tuesday, Mr Evans said the test was "extremely disappointing". It was
        AFP  -  96 words
      • Article
        Lock icon HK will need 14,000 more hotel rooms
        56 4 Bloomberg Business News HONGKONG About 14,000 more hotel rooms will be needed in Hongkong over the next 10 years to meet potential increases in demand, PKF Consulting forecast in a recent report on Hongkong's hotel industry. The report was commissioned by the Federation
        Bloomberg Business News  -  56 words
    • Article
      Lock icon China's fixed asset investment up 31.5%
      218 4 AFP BEIJING Fixed asset investment in China in the first four months of 1995 rose 31.5 per cent over the same period last year, Xinhua quoted the State Statistical Bureau (SSB) as saying yesterday. The January-to-April rise made the government target, announced at the
      AFP  -  218 words
    • Article
      Lock icon Chinese official welcomes Taiwan shipping links: paper
      212 4 Knight-Ridder TAIPEI A high-level Chinese official has reportedly said that he welcomes direct shipping links with Taiwan, the Chinese-language Commercial limes reported yesterday. This is the first time a top Chinese official has said China thinks favourably of Taiwan's new offshore shipping centre.
      Knight-Ridder  -  212 words
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      495 4 mw x c mmm 4HB Hi HB hum bhhi^^^ COME ALIVE IN A DESERT OASIS! Can't slow down? Need a break from the fast-paced city tempo? Or feeling downright weary? top Come to Canyon Ranch for manna! A place to renew, to refocus and to soar above the SD/4N life
      495 words
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  • ASIA
    • Article, Illustration
      Lock icon Seoul okays pilot projects in N Korea
      446 5 AP SEOUL South Korea, in a major policy change, yesterday approved a pair of multimil-lion-dollar pilot projects to produce garments and other light-industry goods in rival North Korea. The approval, the first by South Korea, was seen as an incentive for economically hard-pressed
      AP  -  446 words
    • Article
      Lock icon Intellectual property rights vital issue in info highway, forum told
      300 5 AP SYDNEY The protection of intellectual property rights is crucial to the merger of telecommunications, broadcasting and computing on the so-called information superhighway, an A pec seminar heard yesterday. The secretary of Australia's department of foreign aflairs and trade, Michael
      AP  -  300 words
    • Article
      Lock icon India could achieve 15% growth in next few years: officials
      318 5 Bernama NEW DELHI India has the potential for 15 per cent growth in the next few years but sustaining it requires foreign investment in crucial infrastructural areas, a conference here was told. This was conveyed to 123 local and multinational
      Bernama  -  318 words
    • Article
      Lock icon Record job data seen backing NZ bank's grip on credit
      199 5 Bloomberg Business News WELLINGTON New Zealand employment in the Janu-ary-March quarter rose to a record and the jobless rate plunged to a six-year low, convincing some investors that the central bank may be right to worry about inflation. The signs
      Bloomberg Business News  -  199 words
    • ASIA NOTES
      • Article
        Lock icon Seoul to allow more foreign workers
        107 5 AFP SEOUL South Korea yesterday finalised a foreign labour policy designed to bring in 20,000 more foreign workers here to ease a worsening shortage, the justice ministry said. The government at the same time said it would soon raise the pay of and provide
        AFP  -  107 words
      • Article
        Lock icon Japan budget to boost GDP
        99 5 Knight-Ridder TOKYO Masahiko Komura, head of Japan's Economic Planning Agency, said yesterday that the supplementary budget now in parliament was likely to boost the nation's gross domestic product growth by 1.2 percentage points annually. Mr Komura, appearing at the lower house budget committee, said that
        Knight-Ridder  -  99 words
      • Article
        Lock icon Crude steel output up 9.1% in April
        92 5 AFP TOKYO Japan's crude steel output in April rose 9.1 per cent from a year earlier to 8.699 million tonnes for the ninth consecutive month of year-on-year rise, the Japan Iron and Steel Federation said yesterday. Blast furnace output gained 7.6 per cent
        AFP  -  92 words
      • Article
        Lock icon Indian anti-terrorist law to lapse
        87 5 Reuter NEW DELHI The Indian government has cleared a political mine from the ruling Congress party's path by deciding to let an anti-terrorist law expire. Prime Minister PV Narasimha Rao's cabinet decided on Tuesday to let the Terrorist and Disruptive Activities Act die a natural
        Reuter  -  87 words
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      321 5 ~—f r~4 '4- Titt rhf 4-—<—-Ht i rRL r~M--r rf~ 1 M ifoaViMi *t- l. TTi Br*. *-"itw&ikJr I v k j Jki —i I "if I»'"4.' ''if —i '-J 1 t?t"l9HHbi mi v uf r-t. h^LT^T w I i 4: j•' I s |gj| j. »L- j ■■-"rimmHm T|
      321 words
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  • THE WORLD
    • Article
      Lock icon US economy looks headed for soft landing, says Fed official
      374 6 Reuter Bloomberg Business News ATLANTA Robert Forrestal, president the Federal Reserve Bank of Atlanta, said the US economy is in "very good shape" and that it is probably on track for a soft landing. "We're getting the kind of slowing
      Reuter; Bloomberg Business News  -  374 words
    • Article
      Lock icon Iran denies report of nuke plant build-up
      133 6 Reuter NICOSIA The head of Iran's nuclear programme has denied that his country plans to build 10 nuclear plants over the next two decades. Reza Amrollahi, the head of the Atomic Energy Organisation, told the daily Iran "he had earlier briefed The New
      Reuter  -  133 words
    • Article, Illustration
      Lock icon Chirac's PM-in-waiting set to be trump card
      280 6 AFP Bloomberg Business News PARIS Alain Juppe, almost certain to be named as France's new prime minister yesterday, was a key figure in President Jacques Chirac's election victory who also has a pivotal role in France's political landscape. The high-powered 49-year-old intellectual, who
      AFP; Bloomberg Business News; Reuter  -  280 words
    • Article
      Lock icon US trade gap likely to drop 16.6% in March: survey
      325 6 Bloomberg Business News WASHINGTON The US trade deficit likely narrowed during March as the weaker dollar made American-made goods a better bargain overseas, analysts said. The trade deficit in goods and services is expected to show a 16.6 per cent
      Bloomberg Business News  -  325 words
    • Article
      Britain and China said to be mending their fences
      204 6  -  From Neville Stack in LONDON TRADE sources in London are quietly optimistic that the rift in Anglo-Chinese relations over Hongkong is closing under the pressure of mutual self-interest. The biggest-ever business mission to China, led by British Board of Trade President
      204 words
    • Article
      Lock icon Inter-Con Hotel returns to Israel
      118 6 Reuter TEL AVIV The promise of Middle East peace has lured back Inter-Continental to the Holy Land, where it handed over its only hotel under Israeli rule to the king of Jordan nearly 10 years ago. The hotel was in Arab Jerusalem, an area occupied
      Reuter  -  118 words
    • Article
      Lock icon European economy expected to grow 3.1% this year
      254 6 AFP STRASBOURG Economic growth in the 15-nation European Union will reach 3.1 per cent this year but will slow slightly early in 1996, its executive arm, the EU Commission, forecast yesterday. Finance Commissioner Yves Thibault de Silguy said economic recovery in EU
      AFP  -  254 words
    • WORLD WATCH
      • Article
        Lock icon Clinton owes law firms nearly US$ 2m
        113 6 Reuter WASHINGTON US President Bill Clinton has amassed a debt of between US$l million (SSI.4 million) and US$2 million in legal fees stemming from the Whitewater development investigation and other legal proceedings, the White House disclosed yesterday. The financial disclosure statement on Mr
        Reuter  -  113 words
      • Article
        Lock icon US, Mexico sign cooperation deal
        76 6 Reuter WASHINGTON The United States and Mexico on Tuesday signed a communique of understanding and cooperation between the two countries on education, research and science, US Agriculture Secretary Dan Glickman said. Mr Glickman, who met his Mexican counterpart Agriculture Minister Francisco Labastida, did not give
        Reuter  -  76 words
      • Article
        Lock icon Brazil bid to privatise gas distribution
        54 6 AP BRASILIA Congress voted overwhelmingly on Tuesday to amend the Constitution to allow private companies to distribute natural gas in Brazil, a big step towards reducing the government's role in the economy. The Chamber of Deputies voted 373 to 53 to break the government
        AP  -  54 words
      • Article
        Lock icon UK jobless falls by 18,900
        68 6 AFP LONDON The number of people unemployed in Britain fell by 18,900 in April from the figure in March to 2.33 million, or to 8.3 per cent of the workforce from 8.4 per cent, the employment ministry said yesterday. Analysts had expected the number to
        AFP  -  68 words
      • Article
        Lock icon Yavlinsky top presidential choice
        62 6 AFP MOSCOW Democratic reformer and economist Grigory Yavlinsky topped an opinion poll of possible presidential candidates in the June 1996 elections, published in the Komsomolskaya Pravda daily yesterday. The survey of 7,000 readers in 15 regions of Russia found 15 per cent would vote for Mr
        AFP  -  62 words
    • Article
      Lock icon World Bank launches ad blitz to fight critics in US congress
      376 8 Move aimed at preventing sharp cut in funding Reuter WASHINGTON The World Bank took on its US congressional critics on Tuesday, unleashing an advertising campaign to convince tightfisted legislators to help rebuild its coffers for the very poorest countries.
      Reuter  -  376 words
    • Article, Illustration
      Lock icon Man in the net
      67 8 FP LINZ, Austria A 'criminal* being restrained in a plastic net similar to the one used by comic superhero Spiderman in a test conducted by German and Austrian police on Tuesday. The net is fired from a device attached to an ordinary pistol and leaves the
      FP  -  67 words
    • Article
      Lock icon Ex-Orange County official slapped with fraud charges
      287 8 Bloomberg Business News SANTA ANA, California The former assistant treasurer of Orange County, California, Matthew Raabe, has been indicted on six felony fraud charges relating to US$l.7 billion (552.3 billion) in losses suffered by the county's investment pool. Raabe surrendered to the Orange
      Bloomberg Business News  -  287 words
    • Article
      Lock icon US charity New Era folds, owing US$ 500m
      174 8 FI NEW YORK A fast-grow-ing US charity scheme has collapsed in disarray, leaving in its wake accusations of fraud and claims of more than US$5OO million (Ss7os million). The crash of the Foundation for New Era Philanthropy, an institution with close ties
      FI  -  174 words
    • Article
      Lock icon Labour MEPs in split with Blair over paper on future of EU
      326 8 FT Reuter LONDON A split has opened between Labour members of the European Parliament and the office of Labour party leader Tony Blair over a pro-federalist parliamentary paper on the future of the European Union. Most Labour MEPs
      FT; Reuter  -  326 words
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      373 6 m IN PRIZES TO BE WON! A M Just make a purchase, any purchase, at any ESSO station, and you could r win exclusive prizes. (One lucky draw coupon will be issued per visit upon purchase. Sales receipt must be attached to each fully completed coupon.) A Up to $100,000
      373 words
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      Page 6 Advertisements Column 2
      174 6 Fine Wine Facts Ghateau ffduit (35r*ion "Haut Brion is undoubtedly making wine that merits its first growth status" Haut Brion is the only non-medoc estate to be included in the famous 1855 classification of the wines of the Gironde. The proud and talented Jean Delmas manages the Chateau for its
      174 words
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      756 7 I It is also one of the widest if not the widest I 1 cabins you can get comfortable in, helped in I I some measure by the increased leg and I I "THERE IS ONE THING headroom for all passengers and an enviable I I buffet of standard luxury
      756 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 2
      143 8 S3 Straits Steamship Land Limited (Incorporated in the Republic of Singapore) To Registered Holders of warrants, issued in conjunction with the 5590,000,000 1.25% Unsecured Bonds 1991/96 and U5560,000,000 1.25% Unsecured Bonds 1991/96, to subscribe for shares in Straits Steamship Land Limited ("Warrants 1996") SUSPENSION OF SUBSCRIPTION RIGHTS NOTICE IS HEREBY
      143 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon Cable firms see future in phone, PC-based services
      583 9  -  But industry's move beyond TV shows worries show programmers. Michael Connor reports Michael Connor Reuter FOR decades, plain vanilla, one-way television broadcast was cable's entire business. Soon, a lot more will be coming out of cable boxes than just television shows. In
      Reuter  -  583 words
    • Article
      Lock icon Brainy solutions in the making
      440 9 But brain research breakthroughs could be hit by pending US budget cuts AP Doctors could begin offering millions of Americans unprecedented treatments for neurological diseases within five years, from replenishing brain cells attacked by Alzheimer's to curing cocaine addiction, scientists said on Tuesday. But the
      AP  -  440 words
    • IT TAKES
      • Article, Illustration
        Camera with world's smallest zoom lens
        77 9 SINGAPORE A camera that fits in the palm of the hand also boasts the world's smallest zoom lens. The Canon Prima Super 28V's 2.5 mm zoom lens can handle shots varying from very wide 28 mm landscapes to 70 mm close-ups. Canon says the
        77 words
      • Article
        Film and home theatre seminars
        56 9 SINGAPORE Staff members of Lucasfilm Ltd Home THX will present two three-hour seminars on The Art and Craft of Film, Sound and Home Theatre on July 8 at the Marina Mandarin Hotel. Admission is by ticket $20 in advance, $30 at the door. For more
        56 words
      • Article
        Lock icon Jab that fat away
        74 9 Reuter LONDON The dieter's dream may finally be on the horizon: an injection that destroys fat cells. The technique is being used successfully in pigs and sheep. Dr David Flint of the Hannah Research Institute in Ayr, Scotland, and Dr Chris Hentschel of the National Institute
        Reuter  -  74 words
      • Article
        Lock icon Laptop battery that runs longer
        69 9 NYT SMYRNA, Georgia US firm AER Energy Resources Inc has just introduced a commercial zinc-air battery that enables Toshiba laptop computers to run for more than 12 hours on one charge. The battery, a slab 2.23 cm thick and the same length and width as
        NYT  -  69 words
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      252 9 mm* i| *70 maBM BtHi nMwS m H^K y_* p SSIBB 9 ilfflMHKf *4 i^HHI Uhl m °®«r i B^HBI nimH I HRH| I I s i" j I VTT~ m^mm,m^mmmmmmmi alml ..Hf—WIM »IH)IIH III! WIWWWWiPWW LKMHHMIV' IHfIHBH ->rtsr. CS-PRO EP4050 H^HJRS jhh I Hk If EMPLOYEE OF THE MONTH
      252 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon The pariah client: a lawyer's acid test
      812 10  -  The Oklahoma bombing has rekindled an age-old legal debate, writes Peter Applebome Peter Applebome NYT IT IS one of the oldest conundrums of the law: Must a lawyer, should a lawyer, represent the most detested of pariahs? But seldom has the issue been
      NYT  -  812 words
    • Article
      Lock icon Simpson trial making people lose respect for legal system: poll
      389 10 AP WASHINGTON The O J Simpson murder trial is causing the public to lose respect for the criminal justice system and defence attorneys, says a poll commissioned by the American Bar Association. In the survey taken last July, when the
      AP  -  389 words
    • Article, Illustration
      Lawyer accused of lying under oath
      500 10  -  AT THE- 5^ By Conrad Raj IN WHAT could be a first in local legal history, a lawyer has had to appear before a three-judge court to answer allegations of lying in another court. Lawyer Teo Choo Hong, who has his own practice, is
      500 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      301 10 GO THROUGH HELL AND ENJOY THE RIDE Driving a car is not the pleasure it 1)6806 f mlnd And W y(Hi re forced off road t0 used to be. Nowadays, when you're avoid an accident, you'll find that the Discovery not dicing with danger on the open road you're stuck
      301 words
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  • SPORTS
    • Article, Illustration
      Johnnie Walker Classic conies to S'pore again
      445 11  -  Golf Republic to host top golf tourney for second time in four years, writes Shahiron Sahari Shahiron Sahari SINGAPORE Singapore will play host to the prestigious Johnnie Walker Classic for the second time in four years when the tournament is held from Jan
      445 words
    • Article
      Lock icon Jordan finally explains his numbers game
      489 11 NYT ORLANDO, Florida Michael Jordan finally gave his State of the Air address on Tuesday, breaking an eight-day silence during the Eastern Conference semi-final series between the Chicago Bulls and the Orlando Magic. Jordan spoke freely about his reason behind his jersey number change,
      NYT  -  489 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Basketball
        136 11 AFP NEW YORK NBA semi-finals Tuesday Eastern: Orlando 103 Chicago 95 (Orlando leads best-of-seven scries 3-2). Western: San Antonio 96 LA Lakers 98 (OT; San Antonio leads 3-2); Phoenix 97 Houston 103 (OT; Phoenix leads 3-2). NEW YORK The NBA completed its first international expansion here on Tuesday, officially
        AFP  -  136 words
      • Article, Illustration
        Lock icon Rugby
        94 11 Reuter JOHANNESBURG The Australian and New Zealand World Cup squads arrived in South Africa on Tuesday, the first of the visiting 15 teams who will take part in the tournament starting next week. New Zealand coach Laurie Mains said he had the right squad to regain the Cup which
        Reuter  -  94 words
      • Article, Illustration
        Lock icon Olympics
        133 11 Reuter BKIJING Beijing, which lost its bid for the 2000 Olympics, should try for the 2004 event. China's official media reported the president of the International Olympic Committee as saying. Juan Antonio Samaranch told Beijing Mayor Li Qiyan that sports facilities in the capital were excel- lent and it
        Reuter  -  133 words
      • Article, Illustration
        Tennis
        224 11 ROME US$2 million Italian Open Ist rd Tuesday: 7-Thomas Muster (Aut) b Paul Haarhuis (Ned) 6-4 6-4; 4-Wayne Fcrreira (SA) b Ccdrie Piolinc (Fra) 6-4 6-1; Corrado Borroni (Ita) b 6-Yevgeny Kafelnikov (Rus) 3-6 7-5 6-3; 16Jonas Biorkman (Swe) b Daniel Nestor (Can) 3-6 6-1 7-6 (7/4); Fabrice Santoro
        224 words
    • Article, Illustration
      Lock icon Humiliated Sampras unsure about French Open
      530 11 AP ROMfc Pete Sampras lost more than a first round mateh at the Italian Open. His game and his confidenee appeared in tatters. A year ago, playing the best elay eourt tennis of his life, he rolled through Boris Becker in the finals of
      AP; Reuter  -  530 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      210 11 j Nope, we're not talking about a I II 111 1 III" hunting expedition or a jungle safari. 1W IvyJJLI tllv We're talking about THE BIGGEST CAR A 1 EVENT OF THE YEAR! rT/Tyi 1 T" The Berita Harian Treasure Hunt is J VIV/J. in IVVU for everyone it is
      210 words
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  • Page 12 Advertisements
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      1068 12 ■'#<!» This BUD's For You.' WHERE TO WINE, DINE AND ENTERTAIN or TH€ MOST RUTH6NTIC ITflUftN PflSTft PIZZA IN TOWN AU-TIME ITALIAN FAVOURITES... ...NEARER TO THE EASTj^L PACTA FKStt DA SALVATORE PTI LTD 30 Iml Owy $(0104) {OftM 24 HOURS) U; *****13 *****10 It 133 #01-02/03 by<MU Mdl la* tad
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      Page 12 Advertisements Column 2
      266 12 l |Gti fancy "Beijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian {in 'Beijing dumplings, a selection of set menus, and Beijing specialities U|||£j such as Beijing Duck Baked Tench and HSHM*® j r L tr BEIJING
      266 words
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  • LIFESTYLE
    • Article, Illustration
      Making an impact in Asia
      607 13  -  Shahiron Sahari reports on music cable station MTV's strategy in the region Shahiron Sahari MTV ASIA will announce next week two artistes from Asia who will be the first to go "unplugged" on its station an early manifestation of the kind of impact the music
      607 words
    • CHATTER BOX
      • Article
        Lock icon Rockers groove to brain refrain
        263 13 AP AP AP AP ROCK group REM's tour picked up where it broke off in March, when drummer Bill Berry suffered a brain aneurism. "Welcome to the first show of Aneurism '95," singer Michael Stipe joked to a San Francisco crowd on Monday. The band
        AP  -  263 words
    • Article
      Lock icon Imran marries in Muslim ceremony in Paris
      106 13 UPI FORMER Pakistan cricket captain Imran Khan and British heiress Jemima Goldsmith have married in a Muslim ceremony at the Paris home of the bride's millionaire father. Sir James Goldsmith, friends of the couple said yesterday. The two-minute nikah. or marriage ceremony, was
      UPI  -  106 words
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      459 13 WHERE TO WINE, DINE AND ENTERTAIN ,'j 'i> 1 m W_L jiujecooooe':' ll =aa Magnificent (^aestro —R Catch SAM GAN. Singapore's very own "Liberace* ZZJSSI Maestro in performance at Piano Lounge From today j for a limited period. Sam's here to entertain you once again with his regal musical splendor.
      459 words
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      Page 13 Advertisements Column 2
      28 13 frtaarrr at Kr\ Zona Pte I*4 BOOK NOW for the KTV Rooms special promotion (For reservation please call *****30) Swimwear Fashion Show Tonight! Singapore 1130 Tel: 356 1136
      28 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1093 13 I TV RADIO lOptn, Ch 12 After three the spaee programme are sold in New York. Interest space aj* <Salso pick B v up particles from moon. .Alb^A and personal efTects of the cos- 4 UIWM monauts. One y ■ffliH moon, sells for USS6O.OOO. •<£&? Father of the 8.30pm, JmJnmM
      1,093 words
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  • Article
    Chirac moves to centre-stage
    502 14 f EDITORIAL!? POWER in France emanates from the president. Jacques Chirac, winning at his third election bid, moved to centre-stage yesterday, replacing Francois Mitterrand at the apex of an extraordinarily centralised political system. Mr Mitterrand's 14-year reign ground to a subdued conclusion, with the French Left
    502 words
  • WHAT THE OTHERS SAY
    • Article
      Signals are important
      288 14 IT's unfortunate that China should decide to carry out an underground nuclear test on Monday, just four days after it had joined 177 countries to extend the Nuclear Non-Proliferation Treaty indefinitely. At the same conference, it had agreed to exercise utmost restraint in nuclear testing before a
      288 words
    • Article
      A threat to peace
      254 14 ISRAEL'S insistance on confiscating land in Arab East Jerusalem is a regretable act which should be viewed against the broad plan for peace in the region. On the surface, 53 hectares of land is too small for the Palestinian Liberation Organisation (PLO), let alone Arab countries,
      254 words
    • Article
      LDP's hidden agenda?
      168 14 JAPAN is facing threats of economic sanctions from the US, even as its economy is struggling to recover and the yen remains too strong for good. Last week, Japan's top-selling paper, the Yomiuri, reported Yoshiro Mori, secretary-general of the Liberal Democratic Party, as hinting that Prime Minister
      168 words
    • Article
      Last chance
      178 14 WHEN Lu Ping, the Director of the Hongkong and Macau Affairs Office, visited the territory last May, he is said to have expressed the wish to accept Governor Chris Patten's invitation for a meeting. It is believed that some hardline Chinese officials sabotaged the attempt and stopped what
      178 words
    • Article
      Troubled waters
      109 14 THE South China Sea and the Straits of Malacca are important waterways in addition to being important lifelines providing employment and livelihood for those in the littoral states, which include Malaysia, Indonesia, Singapore and Thailand. Each time there is an oil spill or a major disaster in the
      109 words
    • Article
      Death in the ring
      118 14 THE Indonesian sports community was shocked last week by the death of a junior featherweight boxer during a match in Jakarta. The Indonesian Medical Association has repeated its call to ban the sport. The local sports authorities will not likely heed this call and a similar
      118 words
  • Article, Illustration
    Chechen fiasco reflects military's loss of focus
    932 14  -  Russia's army suffers because it doesn't know what its job is, writes John Helmer John Helmer The writer is BT's Moscow correspondent WHEN it came to the victory parade last week. Russia's brass left nothing to chance. World War II veterans, their coats
    932 words
  • Page 14 Advertisements
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      176 14 (free jgodY S Sotil 7 m M m At the Phytomer Spa at Shangri-la's Rasa Sentosa Resort, revitalise and m a re-energize yourself in total comfort and luxury. Pamper yourself with a < a whole range of personal programmes to ease away the stress and strains of 1 a busy
      176 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      62 14 TUPN CAM oNt.v c.np>ec=,r l,_ c,o Twevve. injckea'sEpA ON J 511 rTVT' r-i i i 'i l iS? TV-t£. PRICES IN TVie. pif?(v»<s T(SP*ST OR EGG ftND i—^ rj^MTPPXI... IT WON'T rop«6 PS >_ HI AU_ MAJOR, fr^ P\ Gff&PsT piFp&BENCg J ~~y ijj CgEP )T CAgDS^ JaSBK C ASSOCIATE!)
      62 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Politics, not economics, behind US action
      1157 15  -  The US car war against Japan has escalated, with tariffs slapped on luxury Japanese models. But it is a dangerous game to play, reports Hadar Leon Hadar The writer is BT's Washington correspondent JAPAN seems to be taking the high ground in its reaction
      Photo by Christopher Tan  -  1,157 words
    • Article, Illustration
      Lock icon Samsung, Hyundai vie for lead
      1027 15  -  Chaebols' rapid growth supported by the state, reports John Burton John Burton FT THE recent launch by Samsung of a US$5 billion (556.95 billion) project to manufacture cars is the latest shot in an industrial civil war between Samsung and Hyundai for the title of
      FT; Source: Ministry of Finance and Economy, Fair Trade Commission, Office of Bank Supervision. SG Warburg Securities, Samsung, Hyundai  -  1,027 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      154 15 Royal Club at Amara... Because we believe Business Class should not stop when you leave Business Class. y\,.jjfck 1 Ir ML i lm gfW -WM j <$> Velcome to the privileged world of Royal Club: deluxe room facilities, I personalised stationery, daily fruit basket, floral bouquet plus your personal copy
      154 words
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  • Article, Illustration
    Goh: trip's aim is to forge closer ties
    577 16  -  PM Goh in China Success of China visit not based on number of contracts signed, says PM By Alvin Tay WUHAN When Singapore businessmen go on an investment mission, they naturally look for contracts. But as far as Prime Minister Goh Chok
    577 words
  • Article
    China suspends treasury bond trading after Shanghai scams
    246 16  -  From Steve Vines in HONGKONG THE Chinese government announced yesterday that it was suspending all treasury bond futures trading in the wake of a series of scandals which have rocked financial markets in Shanghai, China's financial capital. The temporary ban came after
    246 words
  • Article
    Lock icon Zhu's keen on Keynes and price controls
    201 16 Reuter BEIJING China's economic czar has revealed himself a Keynesian and says Beijing needs to proceed slowly with freeing prices and allowing market levers to take control from command planning, a state newspaper said yesterday. China has learned bitter lessons since 1993 as
    Reuter  -  201 words
  • Article, Illustration
    Lock icon A jumbo ride to the city
    50 16 Reuter NAKHON RATCHASIMA, Thailand Elephants getting a ride on a truck while travelling to a new site in north-eastern Thailand. More and more elephants lost their jobs pulling the logs in the jungle and have to work on entertainment business in the cities. Reuter
    Reuter  -  50 words
  • Article
    Lock icon Barings report to have gaps due to legal battle
    227 16 KnightRidder LONDON The report by the Bank of England's Board of Banking Supervision into the collapse of Barings will carry a "health warning," a source linked to the investigation said. The source told KnightRidder Financial News that because of the legal
    Knight- Ridder  -  227 words
  • Article, Illustration
    Dump the stock phrases and get a grip on the market
    921 16  -  The Bottom Line R SIVANITHY R SIVANITHY The writer is BT's slock market correspondent OVER the years, the stock market has evolved its own set of pet phrases and jargon which participants accept on face value as accurately capturing
    921 words
  • Article
    Lock icon Global telecoms giant taking shape but deal may be delayed
    302 16 Reuter BONN Three German, French and US telecommunications companies were confident yesterday that they would wrap up a global alliance, but said the final deal could still be delayed by hours or days. The three firms Deutsche Telekom AG, France
    Reuter  -  302 words
  • Article
    Lock icon China telecoms ministry set to form new company
    147 16 Bloomberg Business News BEIJING China's Ministry of Posts and Telecommunications, shaping up for the end to its telephone monopoly, is on the verge of forming a new corporation from its operating arm. The government recently registered the Directorate General of Telecommunications as
    Bloomberg Business News  -  147 words
  • Page 16 Advertisements
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      61 16 CONTACT For Personal Advice on Letting and Managing Your London Property Knight Frank investment l(» k.iliKs <Jua\. #2M-0I llmiy I .cong Building *5 *5 SiniMimrc <1104. Fax: 224 SX4J 1000 Includes: A m A A ::s*nj g 'c,r:!:: 0 mm <,d O «.na..h.i<.. l h.«u transfer \f 1 London ■AH
      61 words
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      Page 16 Advertisements Column 2
      10 16 YHS, Orchard Parade sign MOU on food park, Pg 17
      10 words
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      Page 16 Advertisements Column 3
      22 16 CONTACr rfJIIUM-UA LONDON INVESTMENT SALE The Penthouse SW3. Price £595,000 Yield 10.6% up to 3 years Impressive views down the River Thames.
      22 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        51 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, Datwa, Fraser, G K Goh, Kay Hian, Morgan Grenfell, Ong Co. Nomura. Phillip, Smith New Court, W1 Can and SG
        51 words
      • Article, Illustration
        HOT STOCK
        116 17  -  By Paul Leo SIME DARBY is attempting to breach its all-time high at $4.12 touched in late 1993 for the second time. Like the earlier attempt in September, the weekly Relative Strength Index this time is also near 100, indicating a highly overbought situation. A correction can therefore
        116 words
    • Article, Illustration
      YHS, Orchard Parade sign MOU on Chengdu food park
      624 17  -  Reports by Alvin Tay in CHONGQING FOOD-BASED YEO Hiap Seng (YHS) Ltd and its substantial shareholder Orchard Parade Holdings have signed a memorandum of understanding to set up a food processing and distribution park in Chengdu, Sichuan province. YHS is also
      624 words
    • Article
      STIC wins $110 m construction contract in Wuhan
      462 17 Another S'pore firm, PIL, sets up airfreight-cum-courier joint venture WUHAN Singapore Technologies Industrial Corporation (STIC) has, through its construction arm, clinched a $110 million contract to design and construct a commercial and residential complex in Wuhan, China. Another company. Pacific International Lines
      462 words
    • Article
      WBL Corp nets $15m from share of Nasdaq firm's shares
      269 17  -  By David Mok SINGAPORE Property and technology group WBL Corp has reaped a $15 million capital gain from the disposal of some of its interest in Nasdaq-listed semiconductor firm Integrated Silicon Solution Inc (ISSI). And further potential gains run into
      269 words
    • Article
      Blue skies or rain clouds for SIA?
      845 17  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Will it or won't it? Will Singapore Airlines' joint-venture with India's industrial giant Tata group take ofT or will it not? The answer to that question carries implication not only for SIA, Tata and India's domestic
      845 words
    • Article
      JEL makes plans for two associates abroad to go public
      506 17  -  By Rahita Eliaas SINGAPORE Jurong Engineering Limited (JEL) plans to float two of its regional engineering associates within the next two years. JEL chief executive officer Masao Ueda said that the company was studying the listing of PT Truba Jurong
      506 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Shareholders back Cosco moves
          39 18 SINGAPORE Cosco Investment (Singapore) says all ordinary resolutions, a special resolution on an employees' share option scheme and amendments to the company's articles of association were passed at an extraordinary general meeting on May 13.
          39 words
        • Article
          ITE pumps $500,000 into subsidiary
          41 18 SINGAPORE ITE Electric has injected a further $500,000 into its fully owned subsidiary Electech Distribution Systems by subscribing for 500,000 ordinary shares of $1 each. The issued and paid-up capital of Electech is now 1 million.
          41 words
        • Article
          Heshe appoints GM for subsidiary
          27 18 SINGAPORE Michael Ong Swee Lee has been appointed group general manager of Heshe's fully owned subsidiary Bene Fashion in Singapore and Malaysia.
          27 words
        • Article
          Metro clarifies rental issue
          57 18 SINGAPORE Metro Holdings has clarified that the recently reported difference in rental income based on an accrual basis for its subsidiary Orchard Square Development Corp relates only to the financial year ended March 31, 1994. The difference was about $4.9 million more than if the rental
          57 words
        • Article
          SPH bonus issue approved
          77 18 SINGAPORE Singapore Press Holdings said yesterday it had received in-principle approval from the Stock Exchange of Singapore for a one-for-F ve bonus issue. It has also obtained approval from the Ministry of Information and the Arts for the issue of additional management shares as a result
          77 words
        • Article
          Hiap Mob drops China venture
          51 18 SINGAPORE Hiap Moh Corp said last night its subsidiary Commercial Forms (S) had pulled out of a joint venture with Shanghai Jielong Realty Holdings, called Shanghai Modern Printing and Paper Products. Commercial Forms has sold its stake, worth 3.438 million renminbi (*****,000) to Shanghai Jielong
          51 words
      • Article
        Untitled
        552 18 Managers' prices May 18 Mcndaki Gr Fund 102 10Va j. US Gr Fund 1.03 I.07** Singapore Unit Trust The Commerce 1.58 l.67xd UUB ASSCt Mgl Ltd The Savings Fund I.S2 1.61 Unifund 1.42 1.48 S'porc Prog Fund 0.61 0.65 Unibond 1.03 1.055 $'pore See Fund 0.99 1.05 United Gr Fund!
        552 words
      • Article, Illustration
        Finance One confirms plan to take over Bank of Asia
        496 18  -  From Loh Hui Yin in BANGKOK FINANCE ONE, Thailand's largest financial services group, has signalled its bid to take control of the mediumsized Bank of Asia. In a confirmation of its intent, Finance One managing director Prapat Srisatayakul yesterday said:
        496 words
      • Article
        Lock icon Group led by Bambang takes over troubled textile firm Kanindotex
        509 18 Reuter JAKARTA A consortium led by the second son of Indonesia's President Suharto has taken control of the ailing Kanindotex Group, which buckled under a mountain of debt, officials said. PT Apac Century Corporation, headed by Bambang Trihatmojo, who controls
        Reuter  -  509 words
      • Article
        Sembawang to pay $94m for former holding company
        287 18 SINGAPORE Sembawang Corp plans to acquire Sembawang Holdings, formerly the holding company for the Sembawang group, for $94 million. A circular to shareholders says Sembawang Holdings is the beneficial owner of various sites totalling 417,700 sq m at the junction of Admiralty
        287 words
      • Article
        Haw Par writes down value of stake in Taiwan firm
        299 18  -  By Genevieve Cua SINGAPORE Haw Par Brothers International is monitoring its 25 per cent investment in Taiwanese sporting goods maker Kunnan International Holdings, after reports that the firm's parent company is in financial difficulty. Kunnan International Holdings (KIH) is a
        299 words
      • Article
        Morgan Stanley issues warrants on HK & China Gas
        371 18  - Morgan Stanley issues warrants on HK China Gas By Quak Hiang Whai SINGAPORE Morgan Stanley has launched a warrant issue on Hongkong China Gas Co Ltd, its second warrant issue in a week, to cash in on the renewed appetite for Hongkong-listed property and infrastructure stocks. The Morgan Stanley Group
        371 words
      • Article
        Lock icon Citic director rakes in record HK$ 198m for share options
        322 18 SCMP HONGKONG Larry Yung Chi-kin of mainland-backed Citic Pacific has received what is believed to be a record payout to a director of a listed company. The sum is HK$ 198.8 million (5525.8 million), in cash. Citic Pacific's major shareholder.
        SCMP  -  322 words
      • Article
        Lock icon Advance Synergy ventures into insurance business
        194 18 Bernama KUALA LUMPUR Advance Synergy Bhd and Cigna International have agreed in principle to form a joint venture company to acquire the general insurance business in Malaysia of the Insurance Company of North America. "The proposed joint venture is another step towards Advance Synergy's
        Bernama  -  194 words
      • Article
        Lock icon Troubled MKI Corp draws new interested party
        331 19 Bloomberg Business News HONGKONG A second group has offered to take over suspended investment company MKI Corp, according to a legal announcement published in Hongkong newspapers. Privately-held construction company Wing Hing Group (BV1), a British Virgin Islandsregistered Hongkong company, is making the offer
        Bloomberg Business News  -  331 words
      • Article
        Lock icon Olympus sees profits sliding on strong yen
        359 19 Bloomberg Business News TOKYO Olympus Optical Co said the strength of the Japanese yen will push this year's profits to their lowest level in five years. Olympus, a top maker of cameras and medical equipment, said current profit this year will reach 4.5
        Bloomberg Business News  -  359 words
      • Article
        Lock icon The mighty yen cuts down Nintendo's profits
        266 19 Bloomberg Business News OSAKA Don't be surprised if the Japanese yen features as an evil villain in video game giant Nintendo Co Ltd's next batch of software. Yesterday the company put most of the blame on sharp appreciation of the yen for a
        Bloomberg Business News  -  266 words
      • Article, Illustration
        Cable & Wireless to revamp global cellular operations
        264 19  - Cable Wireless to revamp global cellular operations By Genevieve Cua SINGAPORE Cable Wireless pic, listed on the London exchange, is re-orga-nising its 27 cellular operations worldwide so that each will be able to share and benefit in the lastest technology and operating experience, said the group's chairman Lord Young. Its
        264 words
      • COMPANY BRIEFS
        • Article
          Lock icon Hot summer cools noodle sales
          83 19 Bloomberg Business News TOKYO A hot summer discouraged Japanese consumers from consuming steaming heaps of instant noodles. Nissin Food Products, the world's largest maker of instant noodles, yesterday reported a 2.2 per cent rise in current profit to 21.21 billion yen (***** million) for the
          Bloomberg Business News  -  83 words
        • Article
          Lock icon Daewoo gets N Korean nod: reports
          76 19 Reuter SEOUL South Korea's Daewoo Group yesterday received government approval to set up an industrial complex and joint venture factories in Stalinist North Korea, news reports said. Neither Seoul government nor Daewoo officials could confirm the reports. If confirmed, it would be the first
          Reuter  -  76 words
        • Article
          Lock icon East German plant buys get go-ahead
          71 19 Bloomberg Business News BERLIN The German government has approved Dow Chemical Co's contract to purchase three chemical plants in eastern Germany, endorsing the largest single corporate purchase of industrial assets in the former communist state. The contract, signed in April, was approved by the
          Bloomberg Business News  -  71 words
        • Article
          Lock icon British Telecom opens Beijing office
          77 19 Bloomberg Business News BEIJING UK telephone company British Telecommunications pic yesterday opened a representative office in Beijing, hoping to be one of the first companies allowed to offer global network services in China. The office, opened by Board of Trade president Michael Heseltine in Beijing
          Bloomberg Business News  -  77 words
        • Article
          Lock icon Mitsubishi, Honda may post flat profits
          111 19 AFP TOKYO Pre-tax profits of Mitsubishi Motor Corp and Honda Motor Co Ltd for the year to March will level off from the year-before levels if the yen averages 90 yen to the dollar, an economic daily said yesterday. The Nihon Keizai Shimbun said
          AFP  -  111 words
        • Article
          Lock icon Philips to sell stake in Segkor
          97 19 Bloomberg Business News Eindhoven, Netherlands Philips Electronics NV said it plans to sell a 90 per cent stake in its Korean unit that cuts wafers carrying microchips. The unit, called Segkor, will be sold to Keo Pyung Group, a diversified Korean manufacturing company, for
          Bloomberg Business News  -  97 words
      • Article
        DuPont spending US$ 100m on its titanium dioxide plants
        401 20  -  By Michelle Low SINGAPORE DuPont said yesterday it would spend about US$lOO million (Ssl4o million) over three years to increase capacity at its titanium dioxide plants in the US and Taiwan. The expansion will add 185,000 tonnes of titanium dioxide a
        401 words
      • Article
        Lock icon Major British insurer Commercial Union boosts pre-tax profit
        245 20 Reuter LONDON Commercial Union, one of Britain's biggest insurers, yesterday reported higher profits for the first quarter of 1995 after good progress with all its operations and the integration of its new French subsidiary. Pre-tax profits in the quarter rose to £102
        Reuter  -  245 words
      • Article, Illustration
        Lock icon Commerzbank makes 1OOm-mark profit
        354 20 CEO optimistic 1Q profit will translate into satisfactory full-year results Bloomberg Business News HAMBURG Commerzbank AG, one of Germany's largest international banks, said it expects "satisfactory" 1995 earnings after making a profit in all trading areas in the first quarter. In a statement prepared ahead of
        Bloomberg Business News  -  354 words
      • Article
        Lock icon Miner Renison hikes bid for Pancontinental
        237 20 Bloomberg Business News SYDNEY Australian miner Renison Gold fields Consolidated Ltd raised the cash part of its hostile takeover bid for Pancontinental Mining Ltd by 30 Australian cents a share, valuing its target at A 52.10 a share. Renison's new offer is one Goidfields
        Bloomberg Business News  -  237 words
      • Article
        Lock icon Elders buys 81% of Aussie cattle grower
        193 20 Bloomberg Business News ADELAIDE Elders Australia Ltd, an agricultural services group, clinched deals to purchase two major stakes in Australian Agricultural Co, knocking a rival bidder out of a takeover battle for the cattle group. Elders paid Colonial Mutual Life Assurance Co A$
        Bloomberg Business News  -  193 words
      • Article
        Lock icon HP posts higher earnings but weak sales growth prompts stock sell-off
        345 21 Reuter PALO ALTO, California Hewlett-Packard Co reported higher second-quarter profits on Tuesday, but a lower-than-expected increase in turnover prompted a sell-off in its stock. Analysts however said the problems affecting the computer maker's results were relatively minor and the
        Reuter  -  345 words
      • Article
        Lock icon General Nutrition exceeds forecasts with 51% profit leap to US$ l5m
        264 21 Bloomberg Business News PITTSBURGH General Nutrition Co posted higher-than-expected first-quarter earnings on the back of a 30 per cent rise in revenue. The nation's largest vitamin and health-products retailer said net income rose 51 per cent to US$l5.l million
        Bloomberg Business News  -  264 words
      • Article
        Lock icon Mc Cormick forecasts lower than expected profit, blames Mexico
        326 21 Bloomberg Business News SPARKS, Maryland McCormick Co on Tuesday said second-quarter earnings would come in below expectations, which it blamed on the weakness in the Mexican economy. Wall Street analysts were surprised by the forecast, as the company had given positive
        Bloomberg Business News  -  326 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Rabobank to make S'pore office its regional base
        374 22  -  By Chew Farn Chyi SINGAPORE Dutch-based Rabobank Singapore will make the Republic the regional base for its thrust into Thailand, Malaysia, Vietnam, India and the Philippines. Rabobank's regional head, Hans Hannaart, said the tri-ple-A rated bank was pursuing a path of progressive
        374 words
      • Article, Illustration
        Lock icon S'pore interest rates won't fall much: UOB chief
        319 22  -  By Paul Leo SINGAPORE Local interest rates are unlikely to fall very much, said United Overseas Bank chairman and chief executive officer Wee Cho Yaw yesterday. "If rates have to come down, it will fall at most a quarter per cent," Mr
        Photo by Arthur Lee  -  319 words
      • Article
        Lock icon Tokyo to allow more banks to set up trust units
        138 22 Bloomberg Business News TOKYO The Finance Ministry has decided to allow more Japanese banks to set up trust banking subsidiaries between now and March 1996, the ministry said in a release. The ministry will consider banks' "orderly entrance" into the
        Bloomberg Business News  -  138 words
      • SMALL CHANGE
        • Article
          Lock icon Critical times for Japan brokerages
          70 22 Reuter TOKYO Japan's brokerage industry is in a "critical condition" as its financial health has deteriorated during the five-year stock market slump, said the chairman of the Japan Securities Dealers Association, Sadakane Doi. "It is in a critical condition," Mr Doi said, noting that two
          Reuter  -  70 words
        • Article
          Lock icon Taipei bank cuts Grand Pacific stake
          53 22 Bloomberg Business News TAIPEI United World Chinese Commercial Bank told the Securities and Exchange Commission it plans to sell three million shares in Grand Pacific Petrochemical Corp. Grand Pacific has 500 million shares outstanding. The bank holds 52.8 million shares, according to the SEC.
          Bloomberg Business News  -  53 words
        • Article
          Lock icon Merrill Lynch opens office in Dubai
          49 22 Reuter DUBAI Merrill Lynch Co Inc said yesterday its Genevabased Merrill Lynch Bank (Suisse) had opened a representative office in Dubai. Brokerage and private banker Merrill Lynch International which has been in Dubai since 1992 said the new office opened on Tuesday. Reuter
          Reuter  -  49 words
        • Article
          Lock icon Bankers Trust chairman to retire
          47 22 Reuter NEW YORK Bankers Trust New York Corp said on Tuesday that chairman Charles Sanford plans to retire by the middle of next year when he turns 60. Profits at Bankers Trust have been hurt by problems in the derivatives business. Reuter
          Reuter  -  47 words
      • Article
        Lock icon Sri Lanka tea industry stews over falling quality
        244 22 Reuter COLOMBO Recent heavy rains threaten Sri Lanka's quality teas and may result in lower prices for producers already hit by spiralling costs, analysts said yesterday. "Producers are worried that the quality season has failed. The weather didn't settle to a pattern
        Reuter  -  244 words
      • Article
        Silver stocks lowest for 15 years, says report
        347 22  -  From Neil Behrmann in LONDON DEMAND for silver exceeded supply by 150 million ounces last year, dragging global stocks down to their lowest level in 15 years. The Silver Institute says in its 1994 annual survey that fabrication demand mainly for industrial
        347 words
      • Article
        Petrol demand rises as economy grows
        293 22 Bloomberg ENERGY REPORT WASHINGTON Economic growth drove up US petrol demand 2.6 per cent in April compared with the year-ago period, an oil industry group said yesterday. "While evidence of a slowing economy has been in the news of late, year-to-year comparisons still show
        293 words
      • Article
        Lock icon Currency Report: New York
        295 22 Bloomberg Business News NEW YORK The dollar fell against the mark and most other major currencies as worries about whether the new French government will maintain a strong franc policy boosted the mark. Conservative Jacques Chirac took over as France's president from Socialist Francois Mitterrand yesterday.
        Bloomberg Business News  -  295 words
      • Article, Illustration
        Lock icon Untitled
        1537 22 I rode-weighted index calculated again\t S'pore's lop 14 trading partner, Base year 1985 USS/SS forward rates Noon /May 17 Bid Oflier 1-month 1.3947 1.3962 2-month 1.3897 1.3910 3-month ***** 1.3839 6-mooth 1.3713 1.3733 Samae. OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 17 Singapore dollars to
        Base year 1985  -  1,537 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen and Eurodollars end higher
        1351 23 SIMEX RfPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended firmer. Dealers said buying interest in Euroyen picked up after a larger than expected injection by the Bank of Japan (BOJ) in its moming operation. The market was expecting about 400 billion yen (556.3 billion)
        Reuter  -  1,351 words
      • Article
        Tin rebounds 28 sen to M$ 14.45
        648 23 COMMODITY REPORTS KL Tin TIN prices on the KLTM reversed Tuesday's downtrend to close 28 sen higher at MSI4.4S per kg following the strong recovery on the overnight LME. Three-month tin soared US$l7O to U555,940 per tonne overnight. At the opening level of
        648 words
      • KNOGHT-RIDDERS COMMODITY SUMMARY
        • Article
          Tenneco to buy Aussie state firm
          79 23 NEW YORK Tenneco Inc said its Tenneco Gas unit had signed a letter of intent to buy the Pipelines Authority of South Australia (Pasa), currently a state-owned firm, for more than US$2OO million (SS2BO million). Assets include the 780 km Moom-ba-Adelaide Gas Pipeline Svstem,
          79 words
        • Article
          China to buy more oil from Arabs
          123 23 ABU DHABI Arab states are tipped to become the main crude suppliers to China as it relies more on oil imports due to a rapid growth in consumption, according to an official study. With domestic oil consumption growing by nearly 10 per cent
          123 words
        • Article
          Turkey gets higher US oilseed credit
          70 23 WASHINGTON USDA said yesterday it has shifted US$5 million (Ss7 million) in fiscal 1995 (Oct-Sep) GSM-102 export credit guarantees for Turkey to allow for additional purchases of US oilseeds. The action raises Turkey's oilseed line to US$l3 million, from US$B million, and reduces its
          70 words
        • Article
          lst-qtr lead production up 0.3%
          59 23 LONDON Western world lead metal production is estimated to have been 1.170 million tonnes in the first quarter of 1995, up 0.3 per cent from 1.167 million tonnes in the year-ago period, according to the International Lead and Zinc Study Group. Mined lead production, however,
          59 words
    • Article
      COMMODITY PRICES
      1400 23 SICOM Futures Rubber (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Tun I I 256.00 I M75 Jul 251.50 245.50 247.50 500 2225 Aug 247.00 243.00 245.00 500 2325 Sep 243.50 240.50 242.50 800 2400 OctyDec 239.50
      1,400 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1140 24 -2.3 SHARE prices ended slightly weaker yesterday as profit takers moved in to trim early gains, brokers said. The All Ordinaries Index closed 2.3 points down at 2,042.2. The All Industrials was 4.6 down at 3.072.9 and the All Resources lost 0.4 at 1,262.5. Turnover was 228.5 million shares
        1,140 words
      • Article
        Manila
        573 24 10.5 Stock rose, but brokers remained optimistic that it would keep on going up. The PSE Index rose 10.5 points to 2,779.57. Turnover was 1.6 billion shares valued at 3.4 billion pesos. Many brokers said that the small upturn was a virtual "healthy correction", but the continuing high value
        573 words
      • Article
        Taipei
        573 24 -28.42 Stocks extended a three-day bear run in modest trading, dampened by textiles and banking and insurance shares. The 321-issue Weighted Price Index retreated 28.42 points at 5,771.46. Turnover was 697 million shares worth NT531.54 billion. Falls outstripped rises 212 to 84, with 113 issues unchanged. The market opened
        573 words
      • Article
        Seoul
        449 24 +0.87 Share prices closed mixed to marginally higher as an upward correction boosted prices. The Composite Price Index posted a slight gain of 0.87 points to 886.2. Turnover was 18.83 million shares worth 316.8 billion won. Falls beat rises 466 to 256 with 145 other shares unchanged. With selective
        449 words
      • Article
        Bombay
        86 24 +69.36 Shares were buoyant on news that Indian opposition parties were unlikely to topple the ruling Congress Party. "It seems like the budget will be passed and the government will remain," said a broker. News that dissidents were likely to propose "cut motions" or deletions to the budget yesterday
        86 words
      • Article
        New Zealand
        334 24 +9.69 Stocks nudged to another closing year high, mostly due to strength in Telecom, Lion Nathan and Fletcher Challenge. Air New Zealand is also enjoying a good run in a market which shrugged off an indifferent opening to post healthy gains. This was despite a rise in yields
        334 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        672 24 Britannia Funds Storting Cask Md O&n Mim Cap Depout 31 MOO 3* 6500 Mim Jene> GUI AII93 0 1992 Mim Mm Income .0MOO 09*00 UStCMk Income Plus Fund 10 1400 106*00 PS Reserve Fund J.4100 5 4*00 Sterling Eqaity Euro Prrformanct 0.4)92 0493* Far EM Fund *2 7*50 *2.9730 Man
        672 words
      • Article
        London
        692 24 -3.4 STOCKS were mixed as a decline in Hanson and Glaxo Wellcome shares offset gains in Boots and Reuters Holdings. An early fall in US stocks helped wipe out the market's early gains, amid concerns profit growth may decline as economies slow on both sides of the Atlantic. Blue
        692 words
      • Article
        Paris
        152 24 +3.41 French shares finished firmer with support from small gains in bonds, after the market took fright in the afternoon on doubts over the franc-mark parity. Market speculation over what currency policy the newly invested president, Jacques Chirac, would adopt sent the franc lower and hit shares, which however,
        152 words
      • Article
        Frankfurt
        182 24 -20.37 German stocks fell, dragged by Daimler-Benz and other exporters, as the dollar's slide against the mark revived concerns of a curren-cy-driven squeeze on earnings. The DAX Index fell 20.37 points to 2,088.99. Daimler-Benz, the most dollar-sensitive stock on the DAX, caused about a fifth of the decline, dropping
        182 words
      • Article
        Brussels
        204 24 -5.01 Belgian shares fell for a third day. with a weaker dollar hurting companies with dollar- denominated sales. Shares also fell because investors are concerned that Sunday's elections will hurt the Bel- gian franc and bonds as parties squabble to form a new government. "People are taking profits now
        204 words
      • Article
        Stockholm
        150 24 -13.47 Swedish shares corrected Tuesday's rally and eased back from near recordhighs. The bourse was slightly down the whole morning and after lunch the fall picked up momentum as bond yields rose. "It is not strange that there is a correction following such a sharp rise. Bond yields also
        150 words
      • Article
        Zurich
        249 24 -6.8 Swiss shares came under some pressure from a weaker dollar. Dealers said that the easier interest rates were neglected as investors watched the dollar and the SMI index futures. The broad SPI Index closed down 2.24 points to 1,797.01. The blue-chip SMI Index ended down 6.8 to 2,739.8.
        249 words
      • Article
        Milan
        130 24 -19 Italian shares ended little changed overall after a volatile but technically-dominat-ed session that closed the May trading account. Dealers said today's index will be affected by a number of big blue chips going ex-dividend. But the tone remains good with nobody seemingly interested in seeing the bourse retreat.
        130 words
      • Article
        Amsterdam
        257 24 -2.71 Dutch stocks posted their biggest decline in eight weeks as a sinking dollar heightened concern over corporate earnings. Stocks of international firms like banker ABN Amro, active in the US, and Philips Electronics led the market lower. Shipper Nedlloyd and steel maker Hoogovens both fell 2 per cent.
        257 words
      • Article
        Johannesburg
        363 24 +2.0 Gold shares led South African share losses as bullion fell in European trade, dragging sellers into a thin market, dealers said. They said foreign sellers had appeared in mining stocks, with poor sentiment filtering through to industrials, which ended static amid concern about local economic prospects. The Overall
        363 words
      • Article
        Toronto
        241 24 +8.89 Stocks rose early, extending gains for a third straight session, with cyclical issues continuing to lead the charge, traders said. The TSE-300 Composite Index rose 8.89 points to 4,354.50 on volume of 15.7 million shares valued at C 5207.00 million. Advancing stocks outpaced declines 204 to 157, with
        241 words
      • Article
        New York
        796 24 -7.61 The Dow Jones Industrial Average, which eased 2.42 points on Tuesday, was down 7.61 to 4,427.44 at 1 lam. EDT. The NYSE Composite Index was off 0.42 to 283.85. while Standard Poor's 500-stock Index was down 0.76 to 527.43. Declines overtook advances 995-813 among the 2,660 issues
        796 words
    • Article, Illustration
      Lock icon HONGKONG
      2836 25 Bloomberg Business News HONGKONG Stocks were little changed as a strong performance by US bonds failed to inspire investors. An eight basis point drop in the US 30-year benchmark Treasury bond yield was not enough to restart a rally that moved the Hang Seng Index up 8.6 per cent
      Bloomberg Business News; Source: Bridge Info  -  2,836 words
    • Article, Illustration
      Lock icon CHINA
      562 25 CLSA IN Hongkong, the H share index lost 1.56 points to 1,163.65 on a turnover of HK$B9 million. Yizheng ended the session up 0.9 per cent in heavy trading. Harbin Power was the day's biggest loser, down S per cent. Shanghai B shares moved in tandem with the H
      CLSA  -  562 words
    • Article, Illustration
      Lock icon TOKYO
      2494 25 Bloomberg Business News TOKYO Stocks rose for the second time in eight sessions, led by steel and car issues, as new investment trust money underpinned prices. Traders said around 54 billion yen (SsBs3 million) in new funds collected on Tuesday for an investment trust fund connected to the Nikkei
      Bloomberg Business News; Source: Bridge Info  -  2,494 words
    • Article, Illustration
      Lock icon BANGKOK
      1692 25 Reuter BANGKOK Stocks closed lower as some investors consolidated their positions after a rally over the last few weeks while others awaited the outcome of a no-confidence motion against the government. The SET Index lost 3.54 points at 1,355.72. Turnover was 132.4 million shares worth 11.1 billion baht. Opposition
      Reuter; Source: Bridge Info  -  1,692 words
    • Article, Illustration
      Lock icon JAKARTA
      1165 25 Reuter JAKARTA Share prices closed mixed, with late buying failing to lend sufficient support to boost overall weak sentiment. "Prices were generally lower at midday, but rebounded near the close on foreign and local buying," one broker said. But he said that the late buying appeared to give little
      Reuter; Source: Bridge Info  -  1,165 words
    • Article
      CLOB INTERNATIONAL
      2594 26 (if Cr '**9 Lasl Vol Day Ijbi OwNr IN* IN* tM Md M Cap ll*h Ijarn Company Salt +7- COOO) High In Buyer Srlfer Ovr P/fc Ml MALAYSIAN STOCKS 478 1% m MSB 50c 384 18 1664 408 MO 3*2 386 10 -2.9 0 2 394 77.5 m
      2,594 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Untitled
        6645 26 Source: Bridge Info VOICO TURNOWR (low hnion hjft KLSE Composite 1016.82 1036.06 -19.24 NST Industrial ...5397 62 5481 60 -83.98 NST Finance 9744 74 9892.51 -147.77 NST Properties ...2572.97 2632.57 -59 60 NST Mining 2209.13 2239.63 -30.50 I nowr (TWO) Total volume 2)4.799 J17.67I -102.172 Total val (MS) ..1.216.758 1.841.426
        Source: Bridge Info  -  6,645 words
      • Article
        Lock icon Shares fall as investors turn pessimistic on earnings
        257 26 Bloomberg Business News KUALA LUMPUR Stocks fell, led by shares in major companies, as investors became pessimistic that earnings would not live up to expectations. The market as a whole is priced at about 20.5 times projected company earnings for 1995. The
        Bloomberg Business News  -  257 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        9024 27 MAIN BOARD Gr Cr M Wi IW La»l Vol Da> <>ol» D" **t High Ln Compaay Sale (WO) llich Low B»>« Selkr Or S P/fc Sm.l Price INDUSTRIAL AND COMMERCIAL 4*2 382 ml s Vnu SV 412 cd unch 157 412 408 408 412 22.5 2.7 8 6 568 0
        9,024 words
      • Article, Illustration
        Lock icon Prices take a knock, but outlook still positive
        1870 28  -  By R Sivanithy SINGAPORE Stock prices on both sides of the Causeway yesterday encountered massive resistance in their bid to extend their gains into a fourth successive day, with prices ending sharply lower across the board. Observers said although the correction was
        Charts by Bridge info; Source: Bloomberg  -  1,870 words
  • Page 17 Advertisements
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      229 17 NEWS VALUE Cool response to HDB's first auction of small plots (pg 1) A niche market segment that's not entirely reflective of the wider market. Japan says trado sanctions will backfire on US by cutting its car parts exports (pg 1) Having braced for the worst, the Tokyo stock market
      229 words
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      Page 18 Advertisements Column 2
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      75 words
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      Page 18 Advertisements Column 3
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      93 words
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      34 words
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      Page 20 Advertisements Column 1
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      289 words
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      Page 21 Advertisements Column 1
      375 21 I OYST E H I I Frederic Prouvoyeur isn't just a great chef, I I he's also a great matchmaker. I I Guest Chef, May 19 27. |9jßßs9ijV r specialities for both lunch and dinner There I B He doesn t run a dating agency, but as Executive will also
      375 words
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      Page 21 Advertisements Column 2
      244 21 A firm grip on your cash How can do fttindm for your busiim Selling on competitive credit terms can leave you with tight cash flow. Funds that could be better utilised in j your company's growth may all be frozen in accounts International Factors has a solution: Factoring *j A
      244 words
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      Page 23 Advertisements Column 1
      122 23 Financial N ews IKjil A Quick Look At The I Market! Call 24 hours a day for I I SES KLSE midday I I reports, closing world I market reports and business news. Cost: 30 cents a minute rBamsedby: WRilline An SPH AudioTcx Scrvicc Emerging Markeis INVESTOR The first magazine
      122 words
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      Page 23 Advertisements Column 2
      20 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead.
      20 words
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      Page 24 Advertisements Column 1
      25 24 Piaget. True values never change. Piaget Boutique and Service Centre. *01-01 Mandarin Shopping Arcade. \> The Mandarin Singapore, 333 Orchard Road, Singapore 0923JOAILUER EN HORLMEME DEPUISIB74
      25 words
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      Page 25 Advertisements Column 1
      114 25 ADVERTISEMENT t, Over 30 years of experience has led Svenson to the Single Hair System Svenson has helped thousands of people counteract hair and scalp problems with their unique formulations based on research from leading institutions the world over. With years of technological development the Single Hair System is internationally
      114 words
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      60 26 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 /fflPvu/jSwHsl Lucky Plaza Tel *****62 Scotts Tel *****27 Centrepoint Tel *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel. *****41® World Trade Centre J/ Tel *****61 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) /MATeI *****81 MALAYSIA THE
      60 words
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      714 28 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTES OF THE COMPANIES ACT. CAP. 5* L'AMANTE PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the above Company duly convened and held at 585 North Bridge Road 14-05. Blanco Court. Singapore 07l8on Thursdny. 18th May 1995 at 11 a
      714 words
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      Page 28 Advertisements Column 2
      364 28 THE COMPANIES ACT. CAP. SO M.Y.M. PTE LTD (In Liquidation) At a general mooting of MY.M PTE LTD dt4y convened and held on the 11th day of May. 1995 the Mowing special resolution was passed SPECIAL RESOLUTION Thai the Company be wound up voluntarily pursuant to section 290(1 )(b) of
      364 words
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  • Shipping Times
    • Article
      HK-Luzon-Hainan triangle still prone to pirate attacks
      404 29  -  By Rahita Elias SINGAPORE Piracy remains a problem for ships passing through the Hong-kong-Luzon-Hainan triangle. In the latest piracy update this week, the International Maritime Bureau said: "The area between Hongkong, Luzon and Hainan Island remains an area of concern for the safety
      404 words
    • Article, Illustration
      Lock icon Second ferry joins Bintan Resort service
      234 29 SINGAPORE Bintan Resort Ferries yesterday launched its second ferry the $8.2 million Aria Bupala. The 270seater catamaran will join the ferry service to Bintan Resort from today. The ceremonial ribbon was cut by Ibu Titik Murniati Soeripto, wife of Riau governor Soeripto. Also present
      Photo by Chris Loh  -  234 words
    • Article
      Lock icon West African tanker market proves busy for VLCCs
      349 29 Knight-Ridder NEW YORK Mid-week trading was slightly active, with West Africa providing most business for the very large crude carriers, brokers said. In the West African market, the Berge Duke failed with Arcadia for a cargo to the US for Jun 3
      Knight-Ridder  -  349 words
    • Article
      MARITIME STOCKS
      340 29 SES '000 May 17 S$ Vol CWT Distribution L 1.68 -0.05 32 CWT Distribution A 1.51 Chuan Hup Holdings 1.20 unch 209 Cosco Investment S 1.68 -0.01 23 Cosco Investment A 1.54 -0.06 12 Far East Levingsto 6.65 +0.05 564 GB Holdings Ltd 0.785 unch 9 Hai Sun
      340 words
    • Article
      Lock icon Taiwan to promote round-the-isle shipping
      100 29 Reuter TAIPEI Taiwan's communications ministry has agreed in principle to give local and foreign shipping firms preferential treatment in container loading to promote round-the-island shipping routes, a spokeswoman said yesterday. She said the ministry had urged state-run Yang Ming Marine Transport Corp to take the
      Reuter  -  100 words
    • Article
      Lock icon Taiwanese shipbuilder clinches US$ 100m orders from HK group
      324 29 Lloyd's List TAIPEI Taiwan's China Shipbuilding Corporation (CSC) has won a series of orders from companies associated with Hongkong's Tung group together worth more than US$lOO million (Ssl39 million). It has signed a contract for the construction of two capesize 165,000
      Lloyd's List  -  324 words
    • Article
      Austal Ships completes catamaran for Japanese firm
      322 29  -  By Alec Almazan SINGAPORE West Australian ferry builder Austal Ships has completed its first high speed ferry for a Japanese buyer. The A510.7-million (Ssl 1.1 million) aluminium catamaran was built for Diamond Ferry Ltd, a subsidiary of Japanese shipping major Mitsui OSK. It
      322 words
    • Article
      Lock icon Deregulation will improve marine safety in Philippines: analysts
      341 29 Reuter MANILA The Philippines' marine safety record could dramatically improve with the entry of new shipping companies into the industry under the current deregulation programme, industry analysts said yesterday. "The monopolies and cartels are gone. A free-for-all regime has arrived," said Paciencio
      Reuter  -  341 words
    • Article
      Lock icon Search for bodies continues in ferry disaster
      228 29 Reuter LUCENA, Philippines Philippine Navy divers yesterday searched for more bodies from a burning ferry that sank off southern Luzon as the ship's owner denied the vessel was unsafe. Two more bodies were retrieved, raising to 44 the number of people killed when
      Reuter  -  228 words
    • Article, Illustration
      Lock icon The fine art of breaking up a ship
      1039 30 After the last voyage, every bit that can be salvaged is cut out and sold to be recycled Sealrade Review THERE is often a tendency to view scrapping or demolition as some purely abstract notion, a convenient balancing factor in the tonnage
      Sealrade Review  -  1,039 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      307 30 Page •ANL 3 Able 7 Accord 10 •Ahlcrs 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austial 11 Avant 6 BSA II Batamindo 7 •CCNI 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 2 ho Yang 5 Contipac 10
      307 words
    • Article
      THE SHIPPING GUIDE
      10075 36 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page e ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement
      10,075 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        603 41 "Vessel Voy No Berth Arrival Departure Jurtmg Port Z Batam Murnr 05/04/95 12 alongside 18.05 2300 »Bwt Guna 05/02/95 J21 alongside 18 05/2300 Helios I 21/95 J16/17 alongside 18 05/2300 „ftty 05/05/95 il alongside 1805/0300 UyeMeko 070/95 J20 alongside 1805/0600 -Mam I 07/95 J14 alongside 18 05/2300
        603 words
      • Article
        CONTAINER SCHEDULES
        1484 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookn(BaUrce Rslts Ship Voy Wo Etb/Btr Ptriod From To From Aa Daisy 065B 19/2359 IB 17/1500 17/1659 17/1900 26 17/1700 18/0659 18/0900 4 18/1200 18/1459 18/1700 Ac* Jade 2388 19/1100 3 18/0700 18/1159 18/1400 4 18/1200 18/1459 18/1700 An
        1,484 words
      • Article
        COCKETT BUNKER MARKET REPORT
        908 41 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
        908 words
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        Lock icon US federal agency urges quick air safety improvements
        389 42 Reuter WASHINGTON A US federal safety agency on Tuesday added three aviation recommendations to its "most wanted" list of steps needed to improve transportation safety. They call for tougher safety requirements for commuter aircraft, a study of wake vortex thrown off by
        Reuter  -  389 words
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        Lock icon Strike-hit Hyundai Motors closes down plants
        253 42 AFP SEOUL South Korea's largest car Hyundai Motors Co, yesterday shut down its car plants.lor aft indefinite period, out striking workers, a company spokesman said. "Starting from 4pm (0700 on Wednesday, Hyundai Motors Co closes down plants for an indefinite period as normal operation
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        Lock icon Freight operators put off by tight Channel tunnel security
        418 42 FT LONDON Tight security measures designed to prevent terroiists planting a bomb on trains using the Channel tunnel are causing severe problems for the freight industry and depriving Eurotunnel of much needed revenues. British governmentimposed security checks at inland freight terminals
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        Lock icon US-UK mini air meet on June 1
        213 42 Reuter WASHINGTON US and British officials will meet in Washington on June 1-2 to try to wrap up a "mini" agreement to liberalise some air services between the two countries, the Transportation Department said on Tuesday. Officials said the aim of the mini-deal
        Reuter  -  213 words
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        Lock icon First M'sian-made motorcycles to roll out next year
        201 42 Bernama TOKYO Malaysian-made motorcycles will roll out for the first time from the manufacturing plant in Gurun, Kedah. at the end of next year. Prime Minister Dr Mahathir Mohamad said yesterday. The cost of putting up the plant and the transfer of
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        Lock icon Takeover creates major private air network in India
        342 42 Reuter BOMBAY In the latest shake-up in India's airline sector, the Madras-based NEPC group is set to 'ake over the ailing Damania Airways to form one of the largest private airline networks in the country, industry sources said yesterday. Under an agreement
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        Lock icon US summer air traffic expected to hit record
        154 42 Reuter WASHINGTON US airline traffic is projected to reach record levels this summer due to consumer confidence in the economy and fierce competition between carriers that are fighting to lure passengers, according to an airline trade group. The Air Transport Association (ATA)
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          Lock icon More Australia-Indonesia flights
          69 42 Reuter CANBERRA Air services between Australia and Indonesia will rise by over one third under an agreement reached between the two nations last weekend, Australian Transport Minister Laurie Brereton said. "Under the agreement, capacity for both Australian and Indonesian carriers will increase over the next 18 months
          Reuter  -  69 words
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          Lock icon MAS hopes to fly to Canada
          71 42 Bloomberg Business News KUALA LUMPUR Malaysia Airlines hopes to set up its first service to Canada by Oct 29. a company spokesperson said'on Tuesday. The Malaysian and Canadian governments will meet next week to discuss the company's plans to offer two flights a week
          Bloomberg Business News  -  71 words
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          Lock icon Shanghai keen on Thai subway project
          83 42 Oana-TNA BANGKOK China's Shanghai City Administration is to bid for construction of a subway system in Bangkok and has offered a friendship price for the project. Thai Deputy Interior Minister Udorn Tantisunthorn said here yesterday. Mr Udorn, who recently inspected subway systems in Shanghai
          Oana-TNA  -  83 words
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          Lock icon Korea Express buys equipment
          57 42 Reuter SEOUL Korea Express, South Korea's biggest freight transport company, said it would use the proceeds of a US$2O-million (5528.3 million) convertible bond issue in Europe to buy cargo unloading equipment. A company spokesman yesterday said Korea Express had already signed contracts worth about US$7.5 million
          Reuter  -  57 words
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          Lock icon Maersk Air orders six B737s
          66 42 Bloomberg Business News SEATTLE Boeing Co said it received a US$lB6-million (*****.5 million) order for six Boeing 737-500 twinjets from Maersk Air of Denmark. Maersk also placed an option to order an additional seven 737-500s. The Boeing aircraft will gradually replace Fokker F-50 turboprop aircraft
          Bloomberg Business News  -  66 words
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        Lock icon Taiwan military centre to make civil aircraft instead
        115 42 Reuter TAIPEI Taiwan's parliament has given final approval for the conversion of the island's military aircraft production centre into a state company making civil aircraft and parts, a parliamentary spokesman said yesterday. The Aero Industry Development Centre, to be renamed Han Hsiang
        Reuter  -  115 words
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        AIRCRAFT ARRIVALS & DEPARTURES
        1457 42 AIRCRAFT ARRIVALS DEPARTURES Ctty HO ETA FN«M IT® Ma Mutt GA965 1105 GF147 1850 GFI46 1145 SQ441 1505 GASS3 1520 GA975 1535 MaUMa Qf81 1930 Qf82 2055 SQ22B 2055 Aantar*aa SQ25 0650 KL838 2300 KL837 1450 SQ26 2355 GA975 1535 >t>m SQ347 0655 SQ286 2040 SQ288 2045 tattatt Gf 148
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      28 29 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times The fine art of breaking up a ship, Page 2 US federal agency urges quick air safety improvements, Back Page
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      211 29 China Express Service Direct Qingdao Effective from May '95 1 Pis see ?q 6 for schedule j [ill n v ew cont nuec deterioration of the US Dollar against jfil 111 most major currencies, Shipping Lines operating between mk Ml the Far East/Mid-East region have decided to increase the IK
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      1424 30 I OTHER DESTINATIONS 1 NORTH AMERICA I D«gcrrcAUrTOwi>TCO*aT»cx) l west coast or central america (Margarita service) 1 Singapore California express (direct from west coast) «ssa voi |m* u m vcr ila oal ihoustmi cxc i«r i into Iwr It—lrrautrotl Egg uwal/ciuuiuli^ gulic* vhmmmvmo I u>i««aa I omumo mmcouvm «nu Imm
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      387 30 Lines and services represented by »«—> fi.. Hi iI MJ A -i or in€ wg»iry or ACCfconeo Shipping Agents, Singapore National Shipping Association. r*a <yyM|MU||i n n TIgHUUI. w aavemsmg enqunes. contact OTppng rvnes. Tel 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to
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      1038 31 FOONG SUN SM SHIPPING (PTE) LTD "WHOLESALE CENTRE, BLOCK 1, *03-10 SINGAPORE 0511 •OOOUOOQffOOQUNtnS CR NO: 109—*****W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP VESSEL VOY ETA ETO DESTINATION SUN RAY 8/95 22/5 24/5 PLAJU/PALEMBANG NEE OtAK 1 7/95 22/5 24/5 PONTIANAK/SINTETE GULF KHALIO 1/95 23/5 25/5 BCNGKULU/PADANG
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      1271 31 [yron VOY SMETA/D IAX ON (H MBA/COL HOU Ifft W DM AUJGATOO VICTOOT 6IA 11 /OS /12/95 21/05 30/05 31/ OS 01/0* 02/94 02/04 04/0* 04/04 MAOBMCMBPGI ISA 11/05/10/05 04/00 04/04 07/00 o>/0* 00/04 09/04 11/04 13/0* iimuiqtnUUMPW tIA 25/05 /24/ OS 11/00 13/00 14/00 15/04 14/04 14/00 11/00 20/00
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      912 31 HANJIN SHIPPING BOOKINGS TEL: *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOR V*. fUn UNEHAU. SEA YVR POX FDR VS. rSS LINE HAUL SAV ILK NYC HANJM LEHAVRE 030E 1W DIRECT I* 10* HANJM POHANGISK 14* H BARCELONA 024E 22* 23* 24* HANJM ROTTEROAM OK 25* OMECT
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      1471 32 jO* *BSa Wl HAM IDAM ANT LHA STON PCUMG SM HKG KAO TTO SM «0K NAfi NTK HOOOH WW 24/4 ~~M/r~ 77/4 »/4 IVS 73/5 2S/S 1/4 W/5 X/i IiYOKUStW EXPtESS "74/417 »/4 77/4 74/4 V 5 7/S 71/S 72/5 7S/S 38/5 31/S MjMMg 7t/7l» V 5 S/5 4/5 7/5
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      1238 32 NORASIAI SsSSSSSSS ?t2 IM M« *S4« 1&M IMB IMB 17M 1!® IMS 1746 IMB IMB IMB IMB 2MB 225£«J5? £25 2<« 2949 29*9 v* v* ztm ?I~ 2J? 0247 0247 0347 0347 o«7 OW OMI7 SL PRIOE 523W IMB 0447 0747 OM7 OMJ7 09M7 OM7 1947 IMJ7 11>W7 I SIN
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      540 32 jSvSRBRIRIIIIIIH CENTARUS 28/5 RdrrVAfwAJK/Narrtas I ARIEL 25/5 2/6 RdnVAtwAJK/Nantes I Load« E./W. Malaysia. tndonesa B I Loading for 1 AYNUR KALKAVAN DubaiAJamfTwVKuwartAVxl©«lalVJcr I NAZLIK Jeddah/Porl Sad I PAN CRYSTAL Dubai/Damman/Kuwait/Bahrain/Doha I 'Loads Singapore. EVW Malaysia. Indonesia J I Loading for ADfTYA GOPAL Los Angeles/New Orleans/ I Charieston/Nortaßi/Camden I OCEAN ISLAND
      540 words
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      1454 33 ffV STRAITS SHIPPING PTE LTD SBBtd 10 Hoe Chla«B Road #11-01 Keppel Towm Singapore 0208 Tel: *****88 Fax: *****17 ST NIW OUINiA PACIFIC LINI (A SERVICE OF CHINA NAVIGATION CO) CARGO OUf SAJLS STMIT»HO« VHB2E Mnara. Lad KK *1 *«V 22Mt* > C J MAGA W-22 VKOKKX.Skao.IWi 2*»May 21 Kay
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      2395 33 "»>■ R&O Containers (Singapore Agencies) Pte Ltd First Class Connections WORLDWIDE Tel: 225 2233 *Tele^'^34^ e pN0C5P'225^327^5 7517 CR Number *****9 *****/. export import L VESSEL WOY m9R "BS SOU ANT ROT HAM OOT BMC LEH REGINA MAERSK 9500 15/06 18/06 I*os 04/06 07/06 09/06 Vl L VOY ZEE OOT
      2,395 words
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      1178 34 k V 1 I fhrf B I ™1 k -+fttr 1 LI 1 k k -f® I w I I i: EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA 4 HRTSfSfWH HMfSTTH ■aJiSlilH IHliiMSlilHH K 1 SGP ROM HBG THP ANW LHV LHV ANW THP HBG ROM PKL SGP E REACH RW-003 21fi 9/6 11/S 13£ 10«
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      946 34 PifiSiANGULFiERviCE KSSa WT MU MM MH KWT Ma WESERIANO 300 M« OMK 07« 07« UM CONCERT B4MI(W ?MK 07« OMI MM 10« 11« 11« CONCORD ASKA 0350-WM*; WW 1706 IMX 19.06 14« UMt CONCORD 03W-021W OMK J UK 19W ?a« 21W ?2« aW ALSO ACarTWG fCI TO DOHA SNARJAH J(KL
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      560 34 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT ICE LANG PENANG BLUE JADE 205 1&5 Loading for Male IRUVAJ HUOHU 22/5 Loadmg (Of Japanese Ports PIONEER SUPREME ?S/5 Loading for Male UMMEEDH 205 Loading for Male PROGRESS LIBERTY 305 Loading tor Bangkok PIONEER ELEGANT 2&'5
      560 words
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      2254 35 EUROPE EXPRESS TO FELIXSTOWE, ROTTERDAM AND HAMBURG T&l tGinsrilt: *****00 Af«»C|r Oil I COSTAR SHIPPING PTE LTD r IGmril): 22S1ISf Ctnlllnir ********** Ctnllinif Stc l/l *****02 OpHtUt* Ctntimtr *****15 I sitnlln Wtf *17 08 Tilii ***** COSHIf Contmlionil *****50 ClHfinllmtl *****41 SuVda Tamh t CM Mt **********0 M Fit *****00
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      519 35 jflE! im PIK. INTERNATIONAL PUL INTERNATIONAL My (oataiaerised Rmmml Feeder Wnci Dvert t Regular Fixed Day Satan between Hie parts of Sagapare, Indonesia. Mdoyiia t TWakatd Ah* occeptiag COC/SOC Cargo (Dry/Reefer) to <4 destiaatioas we serve. Phase contort ear JAKARTA (UTCI) 5 SiGS/WK VSt I VOT SW 1 JUT ISW
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      889 35 I jf FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 y HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 22/05 BOnERDAM 22/05 AARHUS/COPENHAGEN 22/05 HAMBURG/BREMEN 22/05: MARSEILLE/FRANCE 23/05 FELIXSTOWE/UK 22/05 BARCELONA/SPAIN 24/05 LEHAVRE/FRANCE 19/05 GENOA/ITALY 20/05 ANTWERP/BELGIUM 19/05; LOS ANGELES/WC/IPI 22/05 SYDNEY/MELBOURNE 20/05 NEW YORK/EC 22/05 FREMANTLE/AOELAIDE 20/05 VANCOUVER 22/05 BRISBANE
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      873 38 ■■■■K■■■■■ U A f W «=> ■^■^■^■^■■nnnF¥ T Tr^^HHIH^H^H^I 1 VESSEL VOV SIN JKT I 13* Thu Lp, 1,1. 1 l^ e L I«" „7, TJn- \m -»TR».HUM SOS 24/S J g£— B j WAWA BHUM 27a *M i«/i !Ul ?1/« S! 1~" M j. VIRABMUM 133S Thu 25/5 Son
      873 words
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      780 38 79 ANSON ROAD, »21-01, SINGAPORE 0207 TEL: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANQ PENANQ VtSStL WY si PKL VESSEL VOY SIN PEN S£ALAURtL 388N 18/5 (THU) (FRI) XOURJAYA ***** 1 7/5 (WED) 196 (FRI) 186 (THUI 206 (SAT) MCC CONVEYOR 5029 196 iFRI) 216 (SUNI UVUHtL
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      692 39 I liiluk I MYANMA «BBk FIVE STAR LINE (Myanmar National Line) w Loading for Yangon (Rangoon) a Spon P.KIfl PEN P.Gdg r- SITTWE VB7E SLO PATHEIN VI32W SLO PAGAN V22OW 20/05 MALAYSIA AGENTS: BOUSTEAD SHIPPING AGENCIES KUI: TEL 62-63-*****00 PKL: TEL 02 03-*****01 PEN: TEL 02 04-*****02 PGO: TEL 02
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      1133 39 ADVANCE CONTAINER LINES (PTE) LTD ~J4 f\ 140 Cecil Street. #12-00, PIL Building, Singapore 0106 I I Z TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E I ip i um—M. VOY pnSrn MX I SM VOSCL VOY "S™"] JKY I SM I SRMAMUY (THAI PLACB "jw»101 I
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      Page 39 Advertisements Column 3
      744 39 VFSSFIS !f®S LE HAVRE HAMBURG THAMES "ROTTERDAM ANTWERP BALTIC SKOU TOBW 18/06 18*6 T&W ?VW V*i£ 06 LIBRA 23*6 13*6 r&Q6 1M» isw VELE 06 NORMA NOW 31*6 20*6 22*6 m 28*6 VH-LE 06 CARINA CQ9H 06*6 27tt6 29*6 01*7 02*7 03*7 ALSO ACCEPTING CARGO TO ALL U. K. DESTINATIONS.
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      65 39 GEMARTRANS BI.WKK LY SERVICE |Q MO HAU GUNG 07 A 1205 |f/J mTj HAtl (HUM trm tl/i ts/5 HAU GUMG 07 AI2IS 2*/S Jfl/s HAtIIHUM n» M/S 01/4 HAUCUKCOi AIMS W/i tt/t FOWTHjOKTLY SERVICE TO HAIPHONQ~ vgsa VGY Ml NPM VTSOKOGOtSI ois VM FTTs jr/j VTSO»O6Ot« Offig 1 (i j',l
      65 words
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      756 40 AFGHANISTAN M&M Afghanistan Ltd., ■LJHa. |kjfl Hairatan, Torghundi, Islamqala (Doqharun) ■wlftlwl C.1.5./RUSSIA: Alma Ata Ashkhabad. Baku. Dushanbe. MilrNar JL Irkutsk. Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Minuet fx MUrVCn Novosobirsk, Sochi, Tashkent. Tbilisi, Vladivostok. Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA
      756 words
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      356 40 \*AM MN CONTAINER LINES, INC I —N~/\— -I Agents: MACHELS SPORE: *****22 (24 LIMES) CJv/ V2j OWWO»1MIII11HUUM1 85U(084)*****9 KUCHB4G (082) *****3 PENANO: (04) *****6 BANGKOK (882) *****87 MAMLA (632)*****81 P. KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA; (31) *****0 I ASIA IHKG/TWW/BKKI GENOA/EUROPE I PEN PKL SIN 5 SAILINGS/WEEK r
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      549 40 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS [ra [ru miKW mm ((KMC OMUfNGH 39 17/5 MtGKTVEtt 147 IS/S 24/S MUUU JO/5 ANDMUAMUIIU 4 29/S tIKMK 3/4, WTUUIS/4 a 7/1 MGOTA 14/4 Torro ii/i tusmbo n/4 OWWTLAY <
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      126 41 REGIONAL WEATHER LEGEND: R Thunderstorm T.mporoTur# o Q X\ V Shower Weother Wind direction with speed m knots ee Rom Cloudy Sky Wov Surfoce winds ere indicated by orrows wfech fly with the wind rm circle represents cohn or light ond vonoble wrvds J__ One hotf Heche represents 5 knots
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