The Business Times, 6 June 1995

Microfilm: NL19993
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE IQJWy ASIA. MITA(P) 194/12/94 Tuesday June 6 1995 sy
    12 words
  • Article
    Lock icon Dow up 24.9 points
    48 1 Reuter NEW YORK Share prices extended their gains yesterday on hopes of lower US interest rates. The Dow Jones Industrial Average was up 24.9 points at 4,483.54 at Ipm EST. In the broader market, advances led declines 13 to seven in moderate trading. Reuter
    Reuter  -  48 words
  • Article
    Lock icon US, UK air deal
    52 1 Bloomberg Business News WASHINGTON The dinton administration yesterday signed an airline pact with Britain that falls short of the sweeping "open skies'* regime long sought by the US. The deal is expected to yield United Airlines a coveted new route from Chicago to London's Heathrow. Bloomberg
    Bloomberg Business News  -  52 words
  • Article
    Untitled
    154 1 Moodsy Chtn|( STII 2,218.03 +9.52 KLSEComp. 1,0(5.04 +6.96 Nikkei 15,197.32 +48.19 Hang Seng 9,570.37 +10.63 SETIodex 1,408.26 +1.38 Jakarta Corap 497.26 +3.84 Manila Comp .....2,840.54 +15.87 TaipdWPI 5,671.18 -43.15 Seoul Comp 899.04 +8.96 Bombay BSE30 ..3,366.19 -18.80 CLSA China B ***** -7.04 Amt AUOrd 2,011.7 +5.0 PTSE 100 „.3,376.6 +31.6
    154 words
  • Article, Illustration
    STIC clinches $500m deal to build new Mandalay airport
    556 1  -  Fran Loh Hui Yin in BANGKOK SINGAPORE Technologies Industrial Corp has won a $500 million contract to design and build the new Mandalay airport, making it the first Singapore company to land a major infrastructure contract in Myanmar. A memorandum of
    556 words
  • Article
    Myanmar prime minister to visit S'pore
    204 1 BANGKOK Top Myanmar leaders, led by Prime Minister Than Shwe, will pay a four-day official visit to Singapore, starting Thursday. Than Shwe, who is also chairman of the rating State Law and Order Restoration Council (SlorcX arrived in Indonesia yesterday on the first leg
    204 words
  • Article
    Lock icon IBM makes US$3.3b hostile bid for Lotus
    374 1 AP NEW YORK IBM yesterday launched a US$3.3 billion hostile bid for Lotus Development Corp, the biggest takeover attempt in the personal computer software industry. The deal, if it goes through, would significantly alter the landscape in one of the most intensely competitive
    AP  -  374 words
  • Article, Illustration
    Mt Charlotte to spend up to £120m upgrading UK hotels
    465 1  -  By Agnes Wee SINGAPORE British hotel group Mount Charlotte Investments, in which the Singapore government has a 30 per cent stake, plans to spend £100 million (Ss22l million) to £120 million in the next four years upgrading its UK hotels.
    465 words
  • Article
    Shell to lay off 29 employees in cost-cutting move
    471 1  -  •>< Catherine Ong SINGAPORE Shell Eastern Petroleum, long seen as an "iron rice bowl" employer, yesterday confirmed that it will have to lay off 29 employees to "remain competitive in an increasingly difficult business environment". The Anglo-Dutch oil company, which has
    471 words
  • Article
    Lock icon Fed, Clinton officials put a brave face on weak economic figures
    394 1 NYT WASHINGTON Even as figures indicating possible trouble ahead have piled up in recent weeks, Federal Reserve policymakers have shed their usual gloom and Clinton administration officials have been steadfastly optimistic. Thoir motivation is dear the difference in the
    NYT  -  394 words
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      223 1 Tlia World's First Vibration Z3ST" Radwctlon For Nikon ZOOM 700VR Zoom AF Compact Camera with 38-105 mm lens best buy $599 Ft— §m »am $1H (1 Nikon larfa multi-Mrp ost M J I tag worm $«6.1 Nikon Sj oil—i MM mm $86) y Nikon C—r» Contra Max Photo #03-10 Centrepoint
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      18 1 Property: Pg 9 Investing in Vietnamese hotels SCV to run first dialect channel since official ban, Pg 2
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      9 1 Hock Lock Siew: pg 17 The pitfalls of warrants
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      46 1 Bottom Line: pg 16 What's wrong with US foreign policy Wao Property IVlsrkors I li COfTtfßflrClfli f IflUflft 'Of.vfflMf hi u '\s ficforiii InvAhtnrv Rin« SholuAe i BBM BUSINCSS SVSTCMS (S) PTC LTD 743-8000 #02 08 Great Pacific Warehouse. 7 Kaki Bukit Road 2, Singapore 1441
      46 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon April retained imports fell sharply
        312 2  -  By Ven Sreenivasan AFTER a surge in February and March, retained imports fell sharply in April, dashing hopes that domestic demand will pick up in the near term. Figures from the Trade Development Board show retained imports shrank 2.1 per cent year-on-year in April. This
        Source: Dept of Statistics  -  312 words
    • Article
      Golden Village lifts pre-paid card price by $10
      216 2 SINGAPORE Cinema patrons who thought Golden Village's pre-paid cards were the way to go after the cinema operator raised general admission prices are in for a surprise. It has bumped up the price of its Smart Cards by $10 to $65. This
      216 words
    • Article
      SCV to run first dialect channel since govt ban
      490 2  -  By Catherine Ong SINGAPORE Cablevision (SCV) will have the first dialect channel on television since the government launched its "Speak Mandarin" campaign in 1979. In an announcement yesterday that is bound to please older Singaporeans who miss those popular Cantonese serials
      490 words
    • Article
      JTC reports healthy demand for industrial space
      394 2  -  By Michelle Low DEMAND for industrial property was healthy in the first three months of this year despite a slowdown in manufacturing, Jurong Town Corp says in its latest quarterly report. Year-on-year, first-quarter demand grew 6.6 per cent to 3,580 ha, boosted by
      394 words
    • Article
      S'pore reopens embassy in Phnom Penh; Cambodian minister arrives
      241 2 SINGAPORE has reopened its embassy in the Cambodian capital, Phnom Penh, to strengthen the growing economic and political relations between the two countries. A Singapore Ministry of Foreign Affairs spokesman said yesterday that the embassy began functioning on June 1. Singapore
      241 words
    • Article, Illustration
      Govt may form unit to help women return to work
      336 2 THE government may form an employment service agency to help women who wish to return to work, said National Trades Union Congress secre-tary-general Lim Boon Heng yesterday. Such a move would depend on how successful a seminar on the subject
      336 words
    • Article
      Boon Yang attends labour conference
      104 2 MINISTER of Labour Lee Boon Yang is leading a delegation to the 82nd session of the International Labour Conference which starts today in Geneva, Switzerland. The conference will discuss, among other things, issues relating to labour standards for work in the home and the extension
      104 words
    • Article, Illustration
      Number of PCs hit 637,000 last year
      156 2 THERE were 637,000 personal computers in Singapore last year, of which 70 per cent were used in business establishments and the rest in homos. One-third of Singapore households own a PC, and home demand was increasing at 14.9 per cent annually, said RearAdmiral
      156 words
    • Article
      Skills upgrading key to productivity
      116 2 POST-EDUCATION training and skills upgrading is increasingly a major factor in attaining higher productivity, said Zulkifli Mohammed, political secretary to minister without portfolio, yesterday. Speaking at a productivity and skills training seminar, he said 16 per cent of Singapore's workforce has only primary school qualifications,
      116 words
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      55 2 JUST DESERTS Legal discourses in digestible portions. The Law Page. Every Thursday. BusmessEme§ W ■Tk. PWpl fl ft «ik ■:y •t? -Vr nßlflf< a Tmmw fihuiit -> awmhwidj|>ad#o3-o>'OMtfigM^9|H^Hß^^^' 4 •?JnlSaHSilK liV*-3*l p »5F < 'y f- Jpfchfc a*—«i 7?i i^BBBBHP**T;f -:Hp™ T9HK9E':.V T -I vHSKp* i J g<£ <-:'. ftyyi
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      11 2 I ni\ crsit\ <>l I Aids Like CC>m eS ni.m &»<*»*? ''hi
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      39 2 Sticmler FRAMELESS SHOWER SCREEN I Bt Individually designed Springtensfantoswing inward* outwards and to self dose Increases sense of space within the bathroom Available in Bmm 10mm tempered glass c/w stainless steel satin, brass, gold, finest quality hinges and accessories
      39 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Chart Thai, Democrats heading for face-off
      457 3  -  Reports by Loh Hui Yin in BANGKOK THAILAND'S general elections are shaping up to be a contest between the Democrats and Chart Thai Party, with each vying to be the core of a new government which, in all likelihood, will be another coalition. Analysts
      AFP  -  457 words
    • Article
      Lock icon Power-hungry Asia needs US$50b yearly for new plants
      391 3 Reuter NUSA DUA, Indonesia Fast-industrialising Asia needs up to US$5O billion (Ss7o billion) a year to generate and supply power, making the private sector an increasingly attractive market for power plant builders, an official from an international financial organisation said. Paul Nickson,
      Reuter  -  391 words
    • Article
      Lock icon M'sian labour woes could push firms overseas
      224 3 MBT KUALA LUMPUR One in three foreign firms in Malaysia may consider shifting some of their operations to other countries if labour shortage persists, according to the findings of a survey jointly conducted by the Malaysian Business Times and Research Pacific. The poll,
      MBT  -  224 words
    • Article
      Vichit bombshell derails his telecoms overhaul
      262 3 BANKER-tumed-politician Vichit Suraphongchai is unlikely to contest the July 2 general elections, say sources a decision that will derail implementation of the telecommunications masterplan he drew up. The move will also mean that two listed telecommunications companies, Telecom Asia and Thai Telephone Telecommunication (TT&T),
      262 words
    • Article
      New Delhi to host next World Infrastructure Forum
      273 3  -  By S N Vasuki SINGAPORE The second meeting of the World Infrastructure Forum will be held in New Delhi next year, the Asian Infrastructure Development Alliance (Aida) announced yesterday after a two-day meeting in Bangkok last week. Aida, which grew out of
      273 words
    • Article
      Lock icon Suharto urges ministers to build port
      60 3 Reuter JAKARTA Indonesia's President Suharto has urged government ministers to push ahead with plans for a new port to accommodate the country's future economic growth. "The president said it is important to build a new port to accommodate export activity," State Secretary Murdiono said
      Reuter  -  60 words
    • Article
      Lock icon Jakarta sounds warning on Internet
      64 3 AFP JAKARTA Indonesians should be aware of possible misleading information on the Internet. The Jakarta Post yesterday quoted the secretary-general of the Ministry of Tourism, Post and Telecommunications, Jonathon Parapak, as saying that Indonesians should be selective about the material they accessed on the global
      AFP  -  64 words
    • Article
      Lock icon M'sian police battle Viet boat people
      83 3 Reuter KUALA LUMPUR Malaysian police yesterday fired tear gas and used a water cannon against about 600 Vietnamese boat people who refused to return to a refugee camp after escapiag earlier in the day. Witnesses said about 300 federal riot police charged into the
      Reuter  -  83 words
    • Article
      Lock icon Petronas to raise domestic gas usage
      74 3 Reuter JAKARTA Malaysia's state-run oil company, Petronas, will continue to raise domestic gas use while expanding gas investments abroad to ensure steady reserves in the long term, a company official told an industry conference yesterday. "Huge investments have been made in an effort to
      Reuter  -  74 words
    • Article
      Lock icon Vibrant Philippine economy may fuel inflation
      449 3 Reuter MANILA A vibrant domestic economy is likely to nudge Philippine inflation above the government's 1995 target of 6.5 per cent, economists and analysts said. Inflationary pressures are also coming from lower agricultural supplies because of a drought and an impending oil price increase,
      Reuter  -  449 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Allow private stakes in state firms, China urged
      311 4 Move will help ailing companies, say economists Reuter SHANGHAI China should allow cash-rich investment companies, industrial groups and foreign firms to buy into ailing state companies to help solve their chronic debt problem, economists have proposed. One of the most serious roadblocks
      Reuter  -  311 words
    • Article, Illustration
      Lock icon Skate escapade
      56 4 AFP TAIPEI Top US skate board player Tony Hawk and his fellow American biker Malt Hoffman performing on Sunday at the Chiang Kai-shek Memorial Hall here for the launching of the US-based ESPN sports channel in Taiwan. ESPN will introduce a series of Extreme Games activities through the
      AFP  -  56 words
    • Article, Illustration
      Lock icon China's investment in Three Gorges dam hits 9.5b yuan
      346 4 BEIJING China invested 9.5 billion yuan (SSI. 5 billion) in the Three Gorges dam project between January 1993 and the end of April this year, the China DaUjfjpd. Fixed-asitt investment in the period was ft bill ion yuan, of wfiicS ISHlSllion
      Reuter  -  346 words
    • Article
      Lock icon Foreign-banks eye Bund as Shanghai govt moves out
      191 4 Rcuter SHANGHAI The Shanghai city government is moving to a new building this month, opening the way for the lease of its grandiose premises at the Bund to a new tenant, probably a foreign bank. The move to a purposebuilt high-rise building
      Rcuter  -  191 words
    • Article
      Lock icon HK features prominently in China's 1997 tourism plans
      158 4 AFP HONGKONG Hongkong will be featured prominently in "China's Year of Tourism '97", to mark its reversion to Chinese sovereignty, it was reported yesterday. Liu Yi, China National Tourism Administration director, was quoted by the Hong-kong-based China News Service as saying preparation
      AFP  -  158 words
    • Article
      Lock icon HK airport contractors claim billions in extra payments
      433 6 South China Morning Post HONGKONG Billions of dollars in extra payments are being claimed by contractors working on the Hongkong government's seven airport core projects because of design changes and bad weather. All of the major contracts including the Lantau Fixed Crossing,
      South China Morning Post  -  433 words
    • Article
      Lock icon Much wealthier Chinese citizens
      108 6 Bloomberg Business News BEIJING The personal financial assets of Chinese citizens stand at more than three trillion yuan (***** billion), about eight times the level when economic reforms began in 1978, the official Financial News reported yesterday. The paper said savings provided the deposit base for
      Bloomberg Business News  -  108 words
    • Article
      Lock icon Shanghai eyeing Paris, NY
      106 6 Reuter SHANGHAI The ambitions of Shanghai's city fathers know no bounds they want their stinking Suzhou river to resemble the Seine and to turn their ageing waterfront into the Wall Street of the Orient. Water expats have worked out a plan to turn the Suzhou river,
      Reuter  -  106 words
    • Article
      Lock icon Bejing checks grain purchasing loans
      64 6 Bloomberg Business News BEIJING The Chinese government ordered a nationwide check on the use of funds earmarked to buy agricultural goods, the official China Daily reported yesterday. A circular issued by the State Council, China's cabinet, give local governments until the middle of June to
      Bloomberg Business News  -  64 words
    • Article
      Lock icon Unemployment in China may hit 150m people: bank
      278 6 Bloomberg Business News BEIJING China could potentially have 150 million people unemployed, or 12.S per cent of its total population, a report by the Bank of East Asia said. The bank's China Division said in a report entitled "China's Unemployment Problem'' that
      Bloomberg Business News  -  278 words
    • Article, Illustration
      Lock icon A health revolution taking shape
      53 6 Reuter BEIJING A shop attendant reading the latest edition of body-tmilding magazine Health and Beauty in Beging yesterday. Health exercise has become increasingly popular m China in recent years, with gyms and health clubs springing up in many cities and some people going jogging through
      Reuter  -  53 words
    • Article
      Lock icon Beijing closes 6,500 front companies this year
      219 6 Reuter BEIJING China has closed 6,500 front companies this year in a crackdown on fraudulent firms that have business licences but no capital, property or organisation, the Xinhua news agency said yesterday. Front companies wearing a cloak of legality were seriously damaging market
      Reuter  -  219 words
    • Article
      Lock icon Taipei sets development goals for 2000
      207 6 Reuter TAIPEI Taiwan's per capita national income will by the year 2000 increase by 90 per cent to more than US$2O,OOO (5527.800), a Finance Ministry statement quoted Finance Minister Lin Chen-kuo as saying in a speech in Canada. He said Taiwan's targets for that
      Reuter  -  207 words
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      317 4 |PRI "Among Australia's Top Universities" njjl UNiVERsrrY of South Australia Adelaide, Australia I 1 Commencing 28 June 1995 New 18-month Structure/Content 12 up-to-date and innovative modules plus a Project 100% in Singapore *312 lecture hours Member of the Association of Commonwealth Universities (ACU) Ranked among the best Australian Universities (Group
      317 words
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      405 5 BREITLING 1884 K.• J j i •■:;-ry.<.4,yjt' .-•O ."'X H /illfii |k|K| 'v&BEk ,;.:...s^,^,, j '^jjlifiS'l I c J£«HKF 25 T sy^pftfe^ap^ OLD NAVITIMER Jf*3fl Ifcso io£ Sg2fe. JHHL IS Navitimer: On Course and on Time. With Selfwinding mechanical chronograph time a crucial aspect of air travel, the watch Bs|fiMrsoT
      405 words
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      736 6 fif&r K u 1811 n T t ■-> Organised jointly by: —jsfc\ No-oblfgation Registration form I f P.I. Capital Research Services j I Main Confwwwt onty FUtUPeS Please register me forth* main conference only. Friday evening Tj 1 S 30 June, through Sunday, 2 July. Fee: RM2200 or *****7 I
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      268 7 I "WE CHOSE •*yß REPUBLIC PLAZA AS OUR NEW REGIONAL BASE fi. BECAUSE IT HAS S&P|®|minasean. m |s^^^^^^B I I M, Hans G«.rd lUbob.nk si* —'"■*^T^.' •.-*»<*b^titeSsSw«£ II The stunning Republic Plaza occupies (he last available plot of land in Raffles Place the heart of Singapore's business and financial centre.
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  • ASIA
    • Article
      Lock icon Dhaka set to unveil election budget
      472 8 Analysts fear likely rise in non-development spending may fuel inflation Reuter DHAKA The Bangladesh government is expected to introduce a softer budget for the coming financial year to woo voters ahead of elections, analysts say. But higher non-develop-ment spending likely to feature in Finance
      Reuter  -  472 words
    • Article
      Lock icon Japan public sewage agency head knew of bid-rigging: report
      306 8 AP TOKYO The head of a public sewer authority knew that nine major electronics Firms now under investigation were colluding to rig bids for a major sewer construction project, a news report said yesterday. Itaru Nakamoto, president of the Japan Sewage
      AP  -  306 words
    • Article
      Lock icon Honour Enron deal, US tells India
      61 8 Knight-Ridder NEW DELHI The US has told India that failure to honour a power project accord with Enron Corp will jeopardise investments in other power projects, the Press Trust of India news agency reported yesterday. It quoted the US Department of Energy as saying
      Knight-Ridder  -  61 words
    • Article
      Lock icon Foreign equity narrows Aussie deficit
      71 8 Reuter CANBERRA Foreign equity continued to finance most of Australia's capital account deficit on the balance of payments in the March quarter, Australian Bureau of Statistics figures show. The bureau's March quarter International Investment Position release also shows that a fall in the value of
      Reuter  -  71 words
    • Article
      Lock icon Aussie minister slams NZ reforms
      63 8 Reuter CANBERRA New Zealand's economic reforms in the early 1990s were brutal and socially unfair and would not be adopted by any civilised country, Australian Industry Minister Peter Cook said on Monday. Mr Cook said he welcomed New Zealand's now strong economic growth, but said
      Reuter  -  63 words
    • Article
      Lock icon Seoul seeks Watanabe retraction
      56 8 AP SEOUL A leading Japanese politician's denial that his country colonised Korea threatened yesterday to blow up into a major diplomatic row between the two neighbours. South Korean officials warned for the second day that they would take unspecified strong measures unless former Japanese Foreign Minister
      AP  -  56 words
    • Article
      Lock icon Daewoo cuts retail prices of appliances
      182 8 AFP SEOUL South Korea's Daewoo Electronics Co said yesterday it had slashed retail prices of its borne appliances by op to 16 per cent to keep its edge as the country prepared to allow in more foreign rivals. The Daewoo move echoed similar moves
      AFP  -  182 words
    • Article, Illustration
      Lock icon Aboriginal activist's grave desecrated
      58 8 Renter TOWNSVILLE, Australia Bonis Mabo, wife of nhoriginal leader Eddie Mabo, whose long legal fight led to a landmark court ruling oa aboriginal land rights, sitting at the defaced grave of her husband here on Sunday with her grandchildren. Mr Mabo died in January 1992 but
      Renter  -  58 words
    • Article
      Lock icon Huge Japanese current account surplus led to yen's rise: Brittan
      286 8 Reuter TOKYO Japan's "persistently high current account surplus" has contributed to "a massive rise in the value of the yen, undermining corporate profits and stifling recovery", European Union (EU) Trade Commissioner Leon Brittan told a media luncheon yesterday. Sir Leon,
      Reuter  -  286 words
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      671 8 PH I ancient civilization.- w Of CHINA Klip I Egypttan. Baboon, f r^- a c -9 Indian-dMoffon* *n» Mf^* a K® altar another with tha I pttiigi of timo except ttw Chinese, which continues to I grow and develop Incessantly. With ths advent of East Asia's economic transformation, it is
      671 words
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      194 8 I. Four-Variety Cold Dub Five-Combination Cold Dub Cold Disb Deluxe Braised Shark's Fin witb Braised Shark's Fin Soup Braised Superior Shark's Fin Crab Meat Steamed Pom/net Roast Suckling Pig Deep Fried Duck with Stuffing Deep Fried Duck witb Stuffing Steamed Pomfret Steamed Sea Bass Fish Maw witb Mushroom Soup Deep
      194 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      S'pore firm invests US$35m in Viet hotel ventures
      662 9  -  Chng Holdings is making the most of fresh fields overseas, with three hotel projects on the go, writes Agnes Wee Agnes Wee A LOCAL property group is spreading its wings overseas in Vietnam with investments totalling US$35 million (SS49 million). Chng Holdings,
      662 words
    • Article
      Beijing property sale a big draw
      314 10  -  Singapore investors snap up 70% of prime office block, reports Abdul Hadhi Abdul Hadhi A PRIME Beijing office property put on the market over the weekend drew a good response from Singapore investors. According to consultants Colliers Jardine, which is marketing the 18-storey Canway
      314 words
    • Article
      Indon office market to firm up
      184 10 COLLIERS Jardine expects interest in Indonesia's office property market to pick up from this quarter onward, after the traditionally slow first quarter. A factor expected to boost the take-up rate is PP2O, one of the major economic deregulations introduced last year. The managing director
      184 words
    • Article
      Lock icon Owners turning Boston offices into rental flats
      501 10 Suites target those staying beyond few days NYT IN THE FACE of a soft property market, some of Boston's small, older office buildings are being converted into suites for visiting businessmen, scholars or health-care consumers who stay here for several weeks or months.
      NYT  -  501 words
    • Article
      Counting on experience to carve out market share
      283 10 Singapore's newest property consultancy firm, Edmund N S Tie Company, is relying on its team's experience rather than the obvious move of cutting fees to land business. Executive chairman and chief executive officer Edmund Tie, who left international consultant Jones Lang Wootton
      283 words
    • Article, Illustration
      PROPERTY WATCH
      253 10 fiwiotflod transactions in ths past wssk "sn, i-«i i ir^i^inriH PWVATf j May 29,1995 1953 i Fragrant Garden Condo2 850 l FH 530,000 j 624 May 29,1995 1646 East Coast Vitte Condo2 1033 FH 670,000 649 May 30,1995 1646 Bedok Terrace Terrace 3 1800/1700 L99 1,210,000 712 May
      253 words
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      314 9 Give Your Face That Executive EBgLTbok Premature wrinkles, eye bags, open pores, greasiness, worry lines and general pallidness is how your skin responds to the demands of the business world. The Men's Skin center can treat such skin defects with the Executive programme. Experience renewed confidence that comes from having
      314 words
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      45 10 RUSSIA Get cash for letters of credit, open invoices or promissory notes of Russian sovereign obligors. Turan Asia Pte. Ltd. 1 Shenton Way #17-02 Robina House Singapore 0106 Tel: +65/227-5200 Fax: +65/227-8203 Malayan Motors L O.U-. /*< -"7' i' :r ~-y- I yS~ v.. tl' H <■•
      45 words
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  • SPORTS
    • Article
      Lock icon Bruguera wins match but loses crowd
      543 11 French Open AP PARIS Sergi Bruguera survived his toughest match of the French Open with a four-set fourth-round victory yesterday over Magnus Larsson, but the two-time defending champion was booed off the court for a dispute with the umpire. Upset that the umpire would
      AP  -  543 words
    • Article, Illustration
      Lock icon Japanese making inroads for Asia
      247 11  -  From Michael Karon in PARIS Por the first time in the history of Grand Slam tennis, three rapanese women won through to the last 16 at the French Open, yet another sign of the progress of the sport in Asia. »iThe three Kimiko Date, iJflTSugiyama
      Reuter  -  247 words
    • Article, Illustration
      Lock icon Athletics
      163 11 Reuter EUGENE, Oregon Michael Johnson won a 200-metre showdown with Carl Lewis, pulling ahead on the curve to win a battle ai Olympian rivals at the Prefontaine Classic on Sunday. Johnson won in 20.1S seconds with Lewis second in 20.47 and Kevin Little third in 20.63 before a crowd
      Reuter  -  163 words
    • Article, Illustration
      Lock icon Cricket
      83 11 Reuter NORTHAMPTON, England Tony Penberthy hit 73 and tailendet Neil Mallender an unbeaten 49 to lift Northamptonshire to 281 all out on the second day of their three-day match against the West Indies on Sunday. The home side looked in trouble at 88-5 and 190-7 but spirited late resistance
      Reuter  -  83 words
    • Article, Illustration
      Lock icon Golf
      318 11 AP COVENTRY, England An ailing Philip Walton sank a four-foot birdie putt on the second playoff hole on Sunday to win the English Open. out-duelling defending champion Colin Montgomerie. After matching Montgomerie almost stroke-for-stroke through 18 holes, Walton set up with his winning shot with a superb approach at
      AP  -  318 words
    • Article, Illustration
      Indy racing
      94 11 MILWAUKEE Milwaukee 200 IndyCar race Sunday (driver, chassis and motor, laps completed, winner's speed in mph): 1 "Paul Tracy (Can), Lola Ford-Cosworth, 200 laps, 137.304 mph/220.96 kph 2 AI Unser Jr (US), Penske MercedesBenz, 200 3 Michael Andretti (US), Lola Ford-Cosworth, 199 4 Teo Fabi (Ita) 5 Robby
      94 words
    • Article, Illustration
      Lock icon Tennis
      133 11 AP PARIS US$lO3 million French Open 4th rd Sanday (seeds onhr) Men: 1-Andre Agassi (US) b Younes El Aynaoui (Mor) 6-4 6-2 6-2; 5-Thomas Muster (Aus) b Andrei Medvedev (Ukr) 6-3 6-3 6-0; 9-Yevgeny Kafelnikov (Rus) b Alex Corretja (Spn) 6-3 6-2 6-2; Alberto Costa (Spn) b 13-Jim Courier
      AP  -  133 words
    • Article
      Lock icon Orlando Magic routs Pacers for place in the finals
      581 11 NBA Playoffs AP ORLANDO, Florida In the Magic's noisy kingdom, nothing bad ever seems to happen to the home team. And now Shaquiile O'Neal and Anfernee Hardaway, the Orlando Magic's two 23-year-old stars, are taking their talent and youthful exuberance to
      AP  -  581 words
    • Article, Illustration
      Lock icon Norman takes Memorial trophy in his first US victory in over a year
      282 11 Golf AP DUBLIN, Ohio Greg Norman won for the first time on the US golf tour in more than a year, shooting a 6-under par 66 on Sunday and capturing the Memorial by four strokes on a
      AP  -  282 words
    • Article
      Lock icon Biggest win, smallest defeat as last eight sides line up
      852 11 Rugby World Cup AFP JOHANNESBURG England came good at last, beating Western Samoa 44-22 on Sunday while Ireland took the last quarter-final place with the narrowest possible win and the All Blacks scored a record victory. With 24 pool games
      AFP  -  852 words
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      543 11 v ST ELECTRONIC ENGINEERING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF TWENTY-SIXTH ANNUAL GENERAL MEETING NOTICE IS HCREBY GIVEN THAT the Twenty-Sixth Annual General Meeting of the Company will be held at the Theatrette, 24 Ang Mo Kio Street 65. 6th Storey, Industrial Park 111, Singapore 2056 on
      543 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      397 12 The World's i Favourite Beer, whbie to wine, dine entertain L WOWIDS UWGEST SELLING B€ER J a J TH€ MOST AUTHENTIC ITftllflN PftSTR PtZZfl IN TOUJN St wp ...NEARER TO THE EAST M34M3 PASTA FilStt DA SAIVATOM PTE LTD |V| 30 loot Qw*«0104) (OKU 24 HOUISItt *****13 *****10 JfgM^ I
      397 words
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      Page 12 Advertisements Column 2
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      352 words
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      Page 12 Advertisements Column 3
      301 12 LUNCH OR DINNER, f I FEAST ALL YOU C AN I That's over 50 delightful dishes in all! ,4i Featuring the best talked about 1 seafood and Cantonese cuisine. r 9 All you can eat. Complimentary platter 't 2rj of Suckling Pig and Guiling Herbal Jelly. g Lunch: $23(Adult)/sls(Child) Dinner:
      301 words
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      Page 12 Advertisements Column 4
      304 12 The Day You Dine At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet 2 at Triple 3. an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts. Call _S_ us now to make your reservations at 831
      304 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Tough going for blacks
      768 13  -  Steven A Holmes laments the lack of sensitive and intelligent movie roles for today's black actors Steven A Holmes NYT BORED moviegoer seeks honest, hardworking, intelligent black man for short-term relationship. (Two hours on a Saturday night should do it). Should be sensitive and witty. Can
      NYT  -  768 words
    • Article, Illustration
      Lock icon Fergie to help make film about Victoria?
      434 13 AP Reuter NYT AFP UPI THE Duchess of York may coproduce a Hollywood movie on the early life of Queen Victoria, The Sunday Times of London reported. Michael Hirst, the scriptwriter on the film, was quoted as saying he believed she had "agreed
      AP; Reuter; NYT; AFP; UPI  -  434 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      264 13 WHERE TO WINE, DINE AND ENTERTAIN iISHI 7 disco ktv Presents Hin^Bnbois^^tion j (Fof|e»SfVBtl<jn please 358 Wednesday Ladies Nite The Entertainment Zone 101 Thomson Road 181-01/06 United Singapore 1130 Tel: *****36 BUM KB For only $15.50 per person, you'll get Over 12 varieties of seasonal greenies from our extensive SALAD
      264 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1134 13 they roam Tanzania over the We see cuddly fierce sides of the beast. JmEbK ilfHi JpM^ > horror film, based on his own novel. Lots of creatures with '.^W great make-up and plenty of Ba^i^X\ 4 action as we traverse the Cana- Hnbuh j| BRsP" j;. dian wilderness in search
      1,134 words
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  • Article
    Malaysia's inflation battle
    478 14 THE best cure for inflation, according to conventional economic wisdom, is a good dose of tight monetary policy. TTie side-ef-fects are painful, but monetarists and central bankers who swear by it believe there is no better medicine for this very common ill. After average annual economic growth
    478 words
  • Article
    Good and bad in cyberspace
    403 14 THERE is no danger of Singapore not tapping the tremendous potential of the Internet. But a system such as this is only as useful as people make it. It is all too easy to forget in the excitement of a new invention that information is
    403 words
  • Article
    Expulsion as last resort
    105 14 AN expelled student will probably find other schools shutting their doors on him. His family, friends and society at large may look at him differently. He will discover suddenly that he just doesn't quite belong. Hence expulsion is an extreme act. Before the Ministry of Education
    105 words
  • Article
    Tribute to Nantah grads
    137 14 TO MOST Nantah graduates, nothing can replace the former Nantah. Even if NTU were to remove the word "technological" from its name, even if it were to boost Chinese research and teaching, it could not become the former Nantah in terms of spirit and outlook. As
    137 words
  • Article
    The streets of London
    142 14 VAGRANCY is a peculiar problem affecting free, urbanised societies. There is always a grey area between individual freedom and these societies' desire for welfare, order and security that is home to an "underclass" of the alienated, the dysfunctional and the anti-social. It is also uniquely urban.
    142 words
  • Article
    Tiananmen for nought?
    118 14 THERE will be few in Hongkong (or elsewhere in the region) who could seriously argue with President Bill Clinton's decision to renew China's Most Favoured Nation (MFN) status for another 12 months. His announcement last year that he was separating trade agreements from arguments over human rights
    118 words
  • Article
    Hands tied
    135 14 THE ethnic conflict in Sri Lanka has claimed the lives of more than 30,000 people in the last decade. Although the Buddhist Sinhala majority and the Hindu Tamil minority coexisted in peace on the island for over 2,000 years, in modern Sri Lanka, antagonism and friction have come
    135 words
  • Article, Illustration
    Lock icon All tied up in UN red tape
    929 14 Peter Norman sees little chance of the G-7 Halifax summit reducing overlap among the many international organisations FT IT BEGAN with a fanfare. It could end with a whimper. The review of the institutions of global cooperation, announced by the leaders of the
    FT  -  929 words
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      250 14 inline An BPH AaJhTn Service Children's Fun land 910 0001 HOflU Of) thi RiOQ9 Usborns Puzzle Adventures 910 0002 Joumey to Mm Loet Temple; Win Amenboofc Prtoeei Hores Racing Results 911 0001' 4D/S weep/Toto 911-0002' Tolo Oner No 171; \Mn Prized Tele-Games 911-0003 Creofc The Safe 4 Mm Wtzartf s
      250 words
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      Page 14 Advertisements Column 2
      53 14 the right support where no others can for and active working postures. TCSt t^ S eXC^^ ran 8 e the difference. KM MARKETING <S) IVITIM rUINITUH sOfFICI UATINC -SSI M j,,,, SHOWROOM: 298 Beach Road, #01-26, THE CONCOURSE, Singapore 0719. Tel: 294 8175 Owning Hour.: Mon-Prt (10*« to 6pm) Sat
      53 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      32 14 DOONESBURY GARRY TRUDEAU CAffT MA&NB TTI .1 mm-maseAse I MXSTOFAU, I ncKMvrMm* H »uKt,Boopse- I ioNceeor... coHmmve. r JUSrtYMHBB, tjJS™ I 6or I MPS" I X j n&wwZwme*'... f- r~~\ piSSmS" I
      32 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Foreign investors say no thanks to new rules
      920 15  -  Companies investing in Laos are happy to do business in the present relaxed environment, reports Steve Vines Steve Vines The writer, a Hongkong-based journalist, was recently in Laos. He contributes regularly to BT Foreign investors are usually pleased when the government gets
      Source: World Bank and Bangkok Bank  -  920 words
    • Article, Illustration
      Asian firms go for US-trained MBAs as they grow overseas
      1088 15 But fitting companies' needs with graduates' aspirations isn't easy AMERICAN and European multinationals with operations in Asia have long relied upon professionals with a master's degree in business administration (MBA) to fill middle and senior management slots in their regional
      1,088 words
  • Page 15 Advertisements
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      23 15 EThis article was reprinted from the. May 22 issue of Business Asia, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd
      23 words
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      Page 15 Advertisements Column 2
      552 15 SINGAPORE OIL WEEK 1995 mrTl^^ The most Important event in Asia's oil calendar, the Singapore Oil Week is back in September. The focal meeting point for more than 2,000 top level executives from Asia, Australia, Europe and the USA, Singapore Oil Week 1995 is a must for anyone in the
      552 words
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  • Article
    Lock icon G-7 heads to discuss ways to check global financial crises
    474 16 Canada to sell novel idea of letting nations file for bankruptcy Reuter OTTAWA Canada will push leaders of the world's most powerful economies later this month to consider the novel idea of allowing a sovereign country to file for a
    Reuter  -  474 words
  • Article, Illustration
    Lock icon US' intelligence role in Bosnia war
    228 16 LAT-WP, Reuter WASHINGTON In what he called a "very important, very significant development," US Defence Secretary William Perry has said that Washington will establish an intelligencegathering operation to help the leaders of a planned European strike force monitor the war in Bosnia-Herzegovina. Mr Perry,
    LAT-WP,; Reuter  -  228 words
  • Article
    Lock icon Grain prices soar as food stocks dwindle
    376 16 Reuter LONDON World grain prices are rising, amid warnings that food stocks are set to dwindle perilously near safety margins. Experts are not yet saying that 18th century English cleric and doomsayer Thomas Malthus was right after all when he predicted that the
    Reuter  -  376 words
  • Article
    Lock icon Close link between workplace innovation and profits: US study
    315 16 Reuter NEW YORK Companies that train workers, involve them in decisions, give them a stake in the business and keep their inventories lean are likely to be rewarded with healthier bottom lines, according to a US study issued yesterday. The study,
    Reuter  -  315 words
  • Article
    Lock icon Mandela sending 'nasty' message?
    99 16 AFP JOHANNESBURG President Nelson Mandela's admission that he told guards to shoot to kill outside the ANC headquarters has battered his image as South Africa's miracle worker who can do no wrong. "Mandela is sending a message to the outside world: 'I'm a nice man, but
    AFP  -  99 words
  • Article
    Lock icon Mr Taxman zooms in
    77 16 AP BOSTON The National Rifle Association a major United States gun lobby says it is the target of an Internal Revenue Service audit that will review its tax-exempt status. The Boston Sunday Globe reported former NRA board members as accusing current officials of misusing and mismanaging
    AP  -  77 words
  • Article
    Lock icon Warning of poll chaos
    138 16 Reuter ROME Election fatigue and confusion could add up to chaos next Sunday when Italians will be asked to vote in 12 referendums that range from what to do about media mogul Silvio Berlusconi's television empire to shopping hours. The sheer number of issues Italians will
    Reuter  -  138 words
  • Article
    Lock icon Israel set for pullout
    99 16 Reuter JERUSALEM Israel is making preparations to withdraw troops swiftly from Palestinian towns in the occupied West Bank whenever the government gives the order. But military sources yesterday said the final pullout and Palestinian elections, both originally set for last July under a 1993 peace deal,
    Reuter  -  99 words
  • Article, Illustration
    Lock icon Rushdie: safe soon?
    113 16 Reuter LONDON Iran looks set to drop the threat to carry out a death sentence on British author Salman Rushdie (right), the BBC said yesterday. "Our government is not going to dispatch anybody, any commandos, to kill anybody in Europe Foreign Minister Ali Akbar Velayati said in
    Reuter  -  113 words
  • Article
    Lock icon Aggressive spying
    77 16 Reuter WASHINGTON The nation's new spymaster, John Deutch, wants to be more aggressive about using covert actions, such as sending undercover agents into terrorist states, according to Newsweek magazine. Mr Deutch, the new director of the Central Intelligence Agency, said he wanted the organisation to be more "forward
    Reuter  -  77 words
  • Article, Illustration
    US foreign policy a hostage to domestic politics?
    881 16  -  The Bottom Line LEON HADAR LEON HADAR The writer is BT's Washington correspondent OBSERVERS IN foreign capitals are focusing these days on that huge mess called United States foreign policy, trying to figure out if there is a unifying theme behind the
    881 words
  • Article
    Lock icon Dole on how to show outrage at offensive films
    211 16 AP WASHINGTON Senate Majority Leader Bob Dole said Americans could express their outrage at offensive films by boycotting them, selling the stock of companies that make them, and staging shareholder revolts. Mr Dole, in a television interview, defended his previous criticism
    AP  -  211 words
  • Article
    Lock icon Californian anti-smog scheme backfires
    297 16 Reuter LOS ANGELES It was designed as an innovative attack on smog that would give businesses financial incentive to reduce emissions. But critics say the only incentive coming from southern California's pollution credit trading system is the incentive to spew more toxic gases into the air.
    Reuter  -  297 words
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      4 16 Partnership FORGED BY UNDERSTANDING
      4 words
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      Page 16 Advertisements Column 2
      84 16 Distributor for Nltsuko Keyphorm Systems A EPABX: SifiKjApOßE SINGAPORE COMMUNICATIONS COWUVt EQUIPMENT CO PTE LTD Tot 278 7008 ■Every Call Is A Commitment! LITTLE INDIA I A PRIME INVESTMENT OPPOtmiNITY I EN-BLOC SALE BY TENDER Closing Friday 23 June 4.00 p.m. 3 units doubie-storey shops Foreigners Eligible Conservation/Restored/Renovated Tenure 999
      84 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        52 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities. Daiwa, Fraser, G K Goh, Kay Hian, Morgan Grenfell, Ong Co. Nomura, Phillip, Smith New Court, WI Carr and S
        52 words
      • Article, Illustration
        HOT STOCK
        95 17  -  By Paul Leo KAMUNTING's decline from $2.32 in December 1993 seems to have stopped at around $1.00. Trading volume is also trailing off 919,000 shares changed hands yesterday, compared to the 10-day average of 1.2S million units. Monthly Relative Strength Index is near 25, indicating the bottom may
        95 words
    • Article
      KIE wins two contracts worth $20m through subsidiary
      351 17  -  By Michelle Low SINGAPORE Keppel Integrated Engineering Ltd (KIE) has secured two contracts worth $20 million through its subsidiary Keppel Engineering Pte Ltd. KIE, a member of the Keppel group, said yesterday that the bigger contract, worth $11.5 million, involved a turnkey
      351 words
    • Article, Illustration
      Liang Huat to build $38m headquarters in Tuas
      358 17  -  By Teh Hooi Ling SINGAPORE Mainboardlisted Liang Huat Aluminium Ltd is building a $38 million corporate headquarters in Tuas. Peter Tan Yong Kee, managing director of the manufacturer of aluminium products, said in the company's latest annual report that the need for
      358 words
    • Article
      Aztech unveils six-speed CD-ROM drive
      202 17 SINGAPORE Multimedia firm Aztech Systems yesterday launched a new high speed CD-ROM drive touted as one of the fastest products of its kind on the market. A company spokesman told Business Times that Aztech is aiming to have its new sixspeed CD-ROM drive shipping in
      202 words
    • Article
      Pepsico, 7-Up renew bottling deal with YHS
      361 17 SINGAPORE Soft drink maker Yeo Hiap Seng said yesterday Pepsico and Seven-Up International had renewed their exclusive bottling arrangements with it for another year. Last month, Pepsi-Cola International officials expressed confidence in YHS despite its recent troubles. Officials said the franchise would be
      361 words
    • Article
      A bet that warrants closer attention
      713 17  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE After drifting for almost 16 months, it looks like the local stock market is poised for a sustained upturn. US interest rates have apparently peaked and could even come down if the numbers keep showing that US
      713 words
    • Article
      Sembawang, Temasek raise stakes in FCC
      311 17 SINGAPORE Sembawang Corp and associated companies of Temasek Holdings (Sembawang) have increased their stake in property developer First Capital Corp to 26.33 per cent by converting warrants into new shares at an exercise price of $1.52. But Sembawang has been exempted from having to
      311 words
    • Article
      Trading in Acma shares suspended
      183 17 SINGAPORE Shares of diversified engineering group Acma were yesterday suspended from trading on the local stock exchange yesterday, after a steady rise in the past few days. Last night the company had yet to make a statement regarding the suspension leaving analysts and dealers to
      183 words
    • COMPANIES
      • Article
        Thai bank eyes Stanchart Securities
        471 18  -  Thai Military Bank seeking majority control of UK bank's securities business From Alan Boyd in BANGKOK THAI Military Bank yesterday confirmed it was leading a bid for the securities business of Standard Chartered Bank, heralding a major push by the group into regional investment banking.
        471 words
      • Article
        Cosco Investment to take over general agency services company
        168 18 SINGAPORE Cosco Investment Singapore yesterday announced an agreement to take control of a sister company dealing in general agency services in the shipping industry. Cosco Investment, which is controlled by Cosco Holdings Singapore, will buy equity stakes in Costar Shipping from
        168 words
      • Article
        York Pacific sees profit from one China unit this year
        133 18 SINGAPORE Sesdaq-listed York Pacific Holdings expects one of its China subsidiaries to contribute to group profit this year. But another mainland arm will remain in the red because of uneven demand and the inability of its Chinese customers to pay
        133 words
      • Article
        Indonesia drops Arianespace after satellite launch delay
        425 18  -  From Leslie Lopez in JAKARTA INDONESIA, stung by numerous delays in its satellite programme, has decided to terminate the services of Arianespace in favour of US firm General Dynamics Co for the launch of its new satellite. Industry officials say PT Satelit Palapa
        425 words
      • Article
        STA looks to jump in regional air travel to fuel growth
        255 18  -  By Ven Sreenivasan SINGAPORE Singapore Technologies Aerospace (STA), a member of the Singapore Technologies group, says the rising regional growth in air travel will raise demand for aircraft maintenance services by the end of the century. "Our growth will
        255 words
      • Article
        Jaya Holdings gross charter revenue set to rise by US$25m
        188 18 SINGAPORE Marinebased company Jaya Holdings Ltd is set to boost its gross charter revenue by US$25 million (5534.8 million) for the next three years with the delivery of three new vessels. The new additions are one containerised and two general
        188 words
      • Article
        Untitled
        519 18 <$) Jun 6 Sh Greater China Fd 1.00 <8 Mendaki Gr Fund 1.04 1 07§ Nugapore umt Trust us Gr Fund 1.02 1.06 s The Commerce 1.62 1.71 xd sum m m m m The Savings Fund I 58 1.67 ASSSt Mgt Ltd S*poR Pra« Fund 0.64 068 Unifund I
        519 words
      • Article, Illustration
        Lock icon Peregrine cancels Hang Seng-linked note, blames curbs on advertising
        454 19 Firm says lack of publicity affected subscription rate Reuter HONGKONG Peregrine Investments Holdings Ltd said it has cancelled a note issue linked to the Hang Seng Index, and another offer has closed undersubscribed. The two notes, launched on May 23 and
        Reuter  -  454 words
      • Article
        Lock icon Shougang cuts costs despite inflation
        122 19 Reuter BEIJING China's Capital Iron and Steel, also known as Shougang, cut costs by 3.76 per cent in the first four months of 1995 despite year on year inflation of 22.6 per cent during that time, the official Workers' Daily said yesterday. The Chinese capital's
        Reuter  -  122 words
      • Article
        Lock icon Two Chinese hotel projects seek loans
        251 19 Reuter HONGKONG Two Kerry Group affiliates are tapping the syndicated loan market to finance hotel projects in China. Shenyang Traders Hotel Ltd last week launched a US$42 million (S$SB.B million) term loan, said arranger CCIC Finance. The loan has a maturity of 6.5 years
        Reuter  -  251 words
      • Article
        Lock icon Lippo-led consortium sets up China investment fund
        215 19 Bloomberg Business News HONGKONG A consortium led by Hongkong's Lippo Ltd is raising a US$lOO million (SSI39 million) closed-end fiind to invest in Chinese supermarkets, according to the Hongkong newspaper Ming Pao Daily News. A company spokesman from Lippo confirmed the report and
        Bloomberg Business News  -  215 words
      • Article
        Lock icon Barito posts 51% plunge in earnings for first quarter
        264 19 Reuter JAKARTA Indonesia's largest timber group, PT Barito Pacific Timber, posted disappointing first-quarter results following a sustained fall in plywood prices. Barito, controlled by tycoon Prajogo Pangestu, blamed the steep fall of 32.3 per cent in sales and 50.7 per cent
        Reuter  -  264 words
      • Article
        Lock icon Cutting down on cheap videotapes
        91 19 AFP TOKYO TDK Corp and Fuji Photo FUm Co Ltd plan to halt production of cheap videotapes for the Japanese market amid intense competition with imported tapes and rising material costs. A spokesman for TDK, the world's biggest manufacturer of recording media, said local production
        AFP  -  91 words
      • Article
        Lock icon No BoA-Manhattan Card deal?
        123 19 Bloomberg Business News HONGKONG Bank of America said it would probably not buy Chase Manhattan Bank's 54 per cent share in Manhattan Card Co, the South China Morning Post reported. Saying that the ratio of share price to per share earnings was too high for his
        Bloomberg Business News  -  123 words
      • Article
        Lock icon Murdoch to launch global on-line paper
        100 19 Bloomberg Business News LONDON MCI Communications and News Corp said they intend to launch a global on-line newspaper, the Times reported. The electronic newspaper will be available on the Internet, a worldwide computer network, and will draw on all the News Corp titles. News
        Bloomberg Business News  -  100 words
      • Article
        Lock icon BTR Nylex unit to upgrade plant
        63 19 Bloomberg Business News MELBOURNE Diversified plastics group BTR Nylex Ltd said its Laminex Industries unit will spend AS 100 million (5J99.25 million) upgrading its plant at Gympie in Queensland state. The investment will increase the production capacity of Laminex Industries' local plants to 380,000
        Bloomberg Business News  -  63 words
      • Article
        Lock icon Tianjin chemical firm to list shares
        102 19 Reuter HONGKONG Tianjin Bohai Chemical Industry (Group) Co Ltd plans to offer and list 68.98 million A shares on the Shanghai stock Exchange this year, according to a report in the China Securities Bulletin. But the listing date of the shares designated for mainland
        Reuter  -  102 words
      • Article
        Lock icon First Asia sells Lankan mill
        100 19 Reuter HONGKONG First Asia International Holdings Ltd said it has sold a Sri Lankan textile mill to an independent third party, East-West (Clearing Forwarding) Ltd, for US$7.5 million (5510.4 million). It sold South Textiles Lanka (Private) Ltd, whose principal asset is a textile mill. In
        Reuter  -  100 words
      • Article
        Lock icon Former US official's wife plans to buy UK's Laura Ashley
        529 20 Bloomberg Business News NEW YORK Georgette Mosbacher, wife of former US Commerce Secretary Robert Mosbacher, has said she has plans to buy the troubled British retailer Laura Ashley Holdings pic. Mrs Mosbacher said she made a "very definite overture" to
        Bloomberg Business News  -  529 words
      • Article
        Lock icon Share buyback plan adds fizz to Anglian results
        276 20 Reuter LONDON Regional British water group Anglian Water pic yesterday reported annual results in line with expectations but pumped up its share price with a sharp dividend rise and plans for a share buyback and rebate to customers. Anglian said pre-tax profits
        Reuter  -  276 words
      • Article
        Lock icon London exchange may up trading fees
        267 20 Changes in share settlement system prompt review of charges FT LONDON The London Stock Exchange is reviewing the price it charges members for trading in shares and other services. Some fees are likely to rise. The price review reflects the exchange's imminent loss of
        FT  -  267 words
      • Article, Illustration
        Lock icon Made for emerging markets
        69 20 Renter ROME Two of Fiat's new models: Brava and Bravo. The company is planning to penetrate into the expanding markets of the lndustnahsing world with its World Car series of hatchbacks, saloons and vans. With a total investment from 1996 to 1998 of around I Ss2
        Renter  -  69 words
      • Article
        Lock icon Australia's Email posts record full-year profit of A$100m
        342 20 Bloomberg Business News SYDNEY Australian appliance maker Email Ltd said its full-year net profit rose 13.9 per cent to a record AS 100 million (SS99 million), mainly from gains in its metal distribution business. Earnings per share after tax for the period
        Bloomberg Business News  -  342 words
      • Article
        Lock icon US$600m debt sends Nippon Data Kiki under
        260 20 Reuter, Bloomberg Business News TOKYO Japan's economic slump claimed another victim yesterday when Nippon Data Kiki Co, once a darling of Japanese and foreign stock market investors, said it had gone bankrupt with nearly US$6OO million (SsB4o million) in debt. The over-the-counter firm,
        Reuter,; Bloomberg Business News  -  260 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bank Negara may pick new deputy chief from within its ranks
        407 21 KnightRidder KUALA LUMPUR Bank Negara is likely to follow tradition and choose its new deputy governor from within the central bank, financial market sources said. The post has been left vacant following the death on Wednesday of Khong Kim
        Knight- Ridder  -  407 words
      • Article
        Lock icon Citibank gets first tier bank status in M'sia
        237 21 Reuter KUALA LUMPUR Citibank Bhd, a wholly owned subsidiary of Citibank NA of the United States, said it has been granted a "first tier" bank status by the Malaysian central bank with immediate effect. So-called first tier banks are allowed to operate
        Reuter  -  237 words
      • Article
        Lock icon HSBC Manila seeks more branches
        96 21 Reuter MANILA The Manila branch of HSBC Holdings pic plans to set up two additional branches in the Philippines, Central Bank Governor Gabriel Singson said yesterday. The bank has applied to open branches in the Binondo area in Manila, a Chinese-Fili-pino dominated district, and in
        Reuter  -  96 words
      • Article
        Lock icon HSBC Bond Index up for 6th month
        92 21 Ridder HONGKONG The HSBC Hongkong Bond Index surged for the sixth consecutive month to 109.51 points in May, up 3.37 from 106.14 points in April, HSBC Markets said in a statement yesterday. It said the rise was the largest since the index was
        Ridder  -  92 words
      • Article
        Lock icon Personal credit agencies to share data
        103 21 Bloomberg Business News TOKYO The Central Communication Bureau, a Japanese personal credit reference agency established by credit card companies, will exchange data with the credit information unit of Cleveland, Ohio-based TRW Inc, the Nihon Keizai newspaper reported on Sunday. The two organisations will be
        Bloomberg Business News  -  103 words
      • Article
        Lock icon Citibank arranges gold loan
        54 21 Reuter SYDNEY Citibank Ltd, the Australian unit of Citicorp, said it arranged a 280,000 ounce syndicated gold loan for Poseidon Gold Ltd (PosGold) with a number of international bullion banks. Citibank said the loan follows As2oo million (SSI9B.S million) raised through a 10-year fixed-interest gold bond
        Reuter  -  54 words
      • Article
        Lock icon US banks won't cut prime until Fed acts, say bankers
        331 21 Reuter SEATTLE US banks were not planning to cut their prime rates soon, three US bank chairmen attending the International Monetary Conference said on Sunday. "You won't see it happen until the Fed (Federal Reserve) makes a move," said Mellon
        Reuter  -  331 words
      • Article
        Lock icon Mexican banks likely to survive with aid and consolidation
        514 22 Reuter MEXICO CITY Mcxican banks face their toughest times since privatisation but most sh«uld emerge from the country's economic crisis on their feet, thanks to help from friends abroad and the government at home. Mexico's economic recession has already claimed one
        Reuter  -  514 words
      • Article, Illustration
        Lock icon Thai polls, US slowdown could hurt S-E Asian rubber prices: traders
        551 22 Reuter SINGAPORE South-east Asian rubber prices could falter further this week on market concern of reduced Thai government buying ahead of Thailand's July 2 general elections as well as signs of a slowing US ecxmomy, traders said yesterday. Thailand
        Reuter  -  551 words
      • Article
        Lock icon BHP to study Mongolian coal mine project
        160 22 Reuter MELBOURNE The Broken Hill Pty Co Ltd said its whollyowned unit BHP Power Inc has signed a letter of intent to conduct a pre-feasibility study into the commercial viability of an integrated coal mine mouth power plant near the inner Mongolian provincial
        Reuter  -  160 words
      • Article
        Lock icon Saudi Arabia to develop US$2.5b oil field
        206 22 Reuter NICOSIA Saudi Arabian state oil company Saudi Aramco has approved the development of the US$2.5 billion (553.5 billion) Shaybah oil field, the Middle East Economic Survey (Mees) said. "Mees understands that Aramco's board of directors approved the huge Shaybah oil field development
        Reuter  -  206 words
      • Article
        Lock icon Big demand in Asia for oil terminals
        330 22 By 2010, India alone will need to invest US$l5O billion to meet oil demand Reuter SINGAPORE Booming demand for oil and chemicals in Asia is producing million-dol-lar investment opportunities in storage and distribution facilities, industry experts told a conference yesterday. "Terminalling is clearly
        Reuter  -  330 words
      • Article
        Futures rise after Brazil strike ends
        309 22 LONDON Oil futures here and in New York rose as Brazilian oil workers ended their 31-day strike. The workers called oflf their strike when the state oil monopoly, Petroleo Brasileiro SA warned they would be fired if they didn't return to work. Today, the
        309 words
      • Article
        Lock icon LONDON
        199 22 Reuter LONDON The dollar opened lower in Europe but held steady in thin early trading as lingering concern about central bank intervention prevented further selling which would otherwise be indicated by worries about the weaker US economy. Most continental European centres are closed for the Whitsun holiday but Friday's
        Reuter  -  199 words
      • Article
        Lock icon NEW YORK
        98 22 AFP NEW YORK The dollar was mixed against other major currencies yesterday in light trading due to the absence of new economic figures and the closing of several European markets for Pentecost. At 1410 GMT, the dollar was trading at 1.4088 marks against 1.4089 late Friday and at
        AFP  -  98 words
      • Article, Illustration
        Untitled
        1174 22 Trade-weigkled indexr calculated against Spare's lap 14 trading partner*. Bate yew: 1995 USS/S$ forward rates Noon /Jun S SS ■M Ofer !-month ***** I 38X1 2-month ***** 11-3791 3-month 1.3726 1.3741 6-month I.3M9 ***** Samr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at tan km 5 t Singapore dollar*
        1,174 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon The bulls are still on heels of Eurodollars
        1303 23 Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended firm in moderately active trade. Sentiment for Eurodollars was bullish after a weak report on Friday about the US job market renewed speculation that the Federal Reserve would ease rates soon, said dealers. "The
        Reuter  -  1,303 words
      • Article
        HK gold ends firmer in narrow trade
        669 23 COMMODITY REPORTS Gold HONGKONG: Gold closed marginally firmer after spending the day trapped in a tight range in sleepy trading Gold ended at USS3B3.S(V U*****.00 an ounce, up slightly from New York's U*****.20/70 close on Friday. It opened here at U*****.60/384.10. Local gold
        669 words
      • Article
        China's largest oil field starts pumping
        65 23 LONDON China's largest offshore oilfield has gone into the first phase of production in Bohai Bay, south-east of Beijing, the Xinhua news agency said yesterday in a report. The Suizhong 36-1 field is estimated to have oil deposits of 300 million tonnes. The 48
        65 words
      • Article
        Aussie sugar output set at 4.8m tonnes
        59 23 SYDNEY Australia is expected to produce around 4.8 million tonnes of raw sugar from the 1995 sugarcane harvest, which will be starting in two weeks. This comes from the Queensland Sugar Corporation's latest estimate for the Queensland crop of 4.SS million tonnes, and
        59 words
      • US coffee roastings down to 6.8m bags
        • Chapter
          Untitled
          50 23 Coverage. Roastings for the week ended May 27 stood at 340,000 bags, down from 360,000 bags in the same week of 1994. The data is based on a survey of "a representative group" of US roasters and includes the amount of green coffee roasted for the production of soluble coffee.
          50 words
      • Article
        Norminco steps up tin mine plan
        113 23 SYDNEY Australia's Norminco Ltd said it has accelerated its tin mining development plans for its Leichhardt Creek operation in Queensland state following an agreement on funding. Norminco aims to start annual production of 600 tonnes of tin by August, with production increasing as more
        113 words
    • Article
      COMMODITY PRICES
      1354 23 SICOM Futures (Marts dMiag M at 5.30pa) SHSS (S cents/kg) Close Volume Open Month High Low Sett (tonne*) Interest JUi 218.30 218.50 218.50 300 2025 Aug 213.50 212.50 215.50 350 2500 Sep 213.00 2900 Oct/Doc 213.00 207.00 207.00 1050 6150 Jan/Mar 96 206.50 3075 Apr/Jun 96 207.50 1380
      1,354 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        915 24 +5.0 SHARES closed slightly higher, as the bonds market surged and positive results in Asian bourses provided encouragement. "Probably the three-year and 10-year bonds have been leading the market. They have been very, very strong and the overseas markets in Asia have been in positive territory. That was helpful
        915 words
      • Article
        Manila
        582 24 +15.87 Share prices rose by 0.56 per cent yesterday on heavy buying. "It's a combination of local and foreign buyers," said one analyst, although there were differing opinions on the cause of the upturn. He said the announcement that the Philippine economy had grown by 5.2 per cent in
        582 words
      • Article
        Seoul
        465 24 +8.96 Stock prices ended one per cent higher, as buying interest returned following a week-long consolidation. "Thanks to abundant liquidity, investors took an active participation in the bourse," said a dealer. The Composite Price Index rose 8.96 points to close at 899.04 on a turnover of 21.86 million shares
        465 words
      • Article
        Untitled
        179 24 I new ttmno Jm 2 NZ +7- v5~ ANZ Mum 5 30 -OAS 1300 Advawapo nldp I AO aacft ***** Air New Zealand (A) 1S2 AO* ***** Air New Zealand (B) 5j00 aacft 12)000 Baycorp 1.4* ash 1000 Brierteylav 1 11 0J>l 1(***** CDL laveamcnn 0 33 aacft ***** Carter
        179 words
      • Article
        Taipei
        458 24 -43.15 Share prices closed 0.76 per cent lower on a technical correction, with construction issues suffering the largest loss. "Following four successive winning sessions, it's healthy for the market to consolidate," said o Hp^lpr The' 321-issue Weighted Price Index lost 43.15 points to 5,671.18. Turnover was 593 million shares
        458 words
      • Article
        Bombay
        210 24 -18.80 Shares on the Bombay Stock Exchange finished lower and brokers said volumes were high only in select stocks. The BSE 30-share Index closed 18.80 points down at 3,366.19 while the 100-share National Index lost 13.69 to 1,578.81. Brokers said the session was dull and volumes were light except
        210 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        1472 24 Britannia Ftmd» Stcriiaf Cart BM Offer Mia Cap DnoaH M 6400 M 6500 Mm joinCST. 01WJ 0 1992 Mm Mu lacoaw ****** <0 MOO LSS Cask lactase FtaaFaad 10.4700 H OMO M J Rncrvc Fuad 5.4900 5 WOO JO AW 0 4431 Far EM Fund *2 7650 *2 4730 Maa
        1,472 words
      • Article
        London
        971 24 +31.6 STOCK shortages, Wall Street strength and takeover rumours helped the FTSE 100 to a new 1995 closing high, but trading activity remained light, dealers said. "There's been a shortage of stock around today and that together with a bit of institutional buying squeezed prices higher," said one dealer.
        971 words
      • Article
        New York
        718 24 +10.72 Stock prices edged higher in quiet trading early yesterday as the market tried to rebound after Friday's plunge with the help of stronger bonds. The Dow Jones Industrial Average, which dropped 28.36 points on Friday, was ahead 10.72 to 4,455.11 at 11am EDT. A big loss in
        718 words
      • Article
        Toronto
        396 24 +9.0 Stocks rose early with moderate gains in most sectors supported by firmer North American bond markets, analvotc coiH The TSE-300 Composite Index rose 9.0 points to 4,458.80 on volume of 14.46 million shares valued at C 5182.00 million. Advancing stocks outpaced declines 166 to 131, with 225 issues
        396 words
      • Article
        Milan
        176 24 +11 Italian stocks closed little changed, as a decline in Fiat SpA offset a rise in bank shares. The all-share Mibtel Index climbed 0.11 per cent, or 11 points to 10,052. The narrower MIB3O Index rose 47 points to 14,776. Fiat SpA led the declines, falling 105 lire to
        176 words
    • Article, Illustration
      Lock icon HONGKONG
      2562 25 Bloomberg Business News HONGKONG Stocks were mixed, as concern that prices had climbed too far, too fast tempered optimism that interest rates would fall. The Hang Seng Index climbed for a third day before a slump in utility stocks in late trading helped wipe out the rise. The drop
      Bloomberg Business News; Source: Bridge Info  -  2,562 words
    • Article, Illustration
      Lock icon CHINA
      521 25 CLSA IN Hongkong, H shares finished 8 points lower at 1,175.19 on turnover of HKS69 million. Shanghai Petrochem, with a turnover of HK$l4 million, was the day's most active stock. Jilin Chemical lost 0.6 per cent. In Shanghai, the B index closed down 1.1 per cent on turnover of
      CLSA  -  521 words
    • Article, Illustration
      Lock icon TOKYO
      2525 25 Bloomberg Business News TOKYO Stocks ended the day little changed, as the yen's renewed strength offset optimism linked to an expected government plan to bail out the nation's crippled banks. A rise in banking shares and real estate companies was tempered by declines in electronics exporters. The Nikkei Average
      Bloomberg Business News; Source: Bridge Info  -  2,525 words
    • Article, Illustration
      Lock icon BANGKOK
      1470 25 Reuter BANGKOK Stocks closed slightly higher on concentrated buying of the property development sector, but gains were limited by profit-taking in the blue chip sector. The SET Index gained 1.38 points to a new 199S high of 1,408.26. The year's previous closing high was on Friday, when the index
      Reuter; Source: Bridge Info  -  1,470 words
    • Article, Illustration
      Lock icon JAKARTA
      1163 25 Reuter JAKARTA Share prices closed slightly higher in active trade on buying of third-liner stocks, but profit-taking following a sharp rise last week was seen limiting the gains. The Composite Index ended up 3.84 points at 497.26. Third-liners in property-relat-ed stocks, with prices below 2,500 rupiah, topped the active
      Reuter; Source: Bridge Info  -  1,163 words
    • Article
      CLOB INTERNATIONAL
      2252 26 Gr Gr iw Last Vol Day La* Qmc Di* DO* YM Nrt M Op H%h Low (oaapaay Salt COOO) H«h low Bayer SHkr C> P/E Sad MALAYSIAN STOCKS 47* 196 m A1S8 50c 1*6 unch 179 194 186 186 3*8 10 39 6 127 77J m AMD6 50c
      2,252 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Share prices rise on call warrants punt
        6557 26 Bloomberg Business News KUALA LUMPUR Stocks rose to a seven-month high as investors bought shares they think securities companies may acquire in order to issue warrants on them. During the next few months, brokers expect securities companies will issue more than a dozen
        Bloomberg Business News; Source: Bridge Info  -  6,557 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8205 27 IMS Last' Val Day LotQMM Hi Dh VH IM Cm Aff Hi«k La* ~t I Sri* 08B8) Hi»k Urn Buyer Seller CNr P/E tall Price —BUM. AND COMMERCIAL 411 182 mis AcaaSOc 486 cd nop 500 488 472 22.3 2.3 10.2 670.0 457 4J0 450 It AJex Hides 50c 450
        8,205 words
      • Article, Illustration
        Lock icon Investors cast wary eye on Wall St, forex market
        1814 28  -  By R Sivanithy SINGAPORE A cautiously optimistic mood prevailed in the local stock market yesterday, as investors were said to be generally bullish, but at the same time wary of developments on Wall Street and in the currency market. The benchmark
        Charts by Bridge Info; Source: Bloomberg  -  1,814 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      173 17 NEWS VALUE STIC diadMS $500 m deal to MM eew Maadalay airport (pg 1) Price likely to consolidate around current levels as it has run up quite a bit since early May. SkeM to lay off 29 >Mployi la cost-cattiag awvo (pg I) Could figure in fund managers' macro assessment
      173 words
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      288 18 Cut office queues with the HP LaserJet 5P for small Yes! I intend to buy an HP LaserJet 5P or SMP. Please have a I Yes] I intend to buy an HP LaserJet 5P or SMP. Please have a I Yes! I intend to buy an HP LaserJet 5P or
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      319 19 affordable new workgroups. I W|i HP LaserJet 5P M I with the HP LaserJet SP, small workgroups can afford mm mr% the high quality laser printing thafs normally available only j j to bigger groups with large budgets. f You'll have true 600X600 dpi, with HP's Resolution Hp j Enhancement
      319 words
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      Page 20 Advertisements Column 1
      152 20 AeroflotTo Europe, Always A New Experience With refreshing stopovers in Moscow or St Petersburg, flying Aerc>flot to Europe is a whole rw experience. Especially in the comfort of our modern fleet, pampered by our charming hostesses and tempting choices of Russian cuisine. To savour new experience, F" 1 catch any
      152 words
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      Page 20 Advertisements Column 2
      145 20 <jhVICKERS BALLAS CO. Fit LIP CORPORATE FINANCE EXECUTIVES We are a leading stockbroking company and are seeking for highly motivated professionals for the following positions; 1. VICE PRESIDENTS 2. ASST VICE PRESIDENTS Applicants should preferably have an accounting or legal background with a minimum of 5 years' relevant experience for
      145 words
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      Page 20 Advertisements Column 3
      103 20 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      103 words
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      Page 21 Advertisements Column 1
      129 21 SINCE 1964 1/2 hour Colour Print E6 Slide Process h| Canon Instant Colour Laser Copy/OHP (Only at Orchard Tower) HI l/C Instant Passport H| Lamination W] ■H Available at B| H Orchard Towers, Orchard Rd Tel: *****15 Ut #01-07 Tanglln Shopping Centre Tet *****45 I THE PROFESSIONAL LAB J WITH
      129 words
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      Page 21 Advertisements Column 2
      72 21 PCI 9 ■Bh V t Kill If you want to air freight goods up to 25kg door-to-door anywhere in Asia for $145, North America/Europe for $195 or anywhere else for $245, all you have to do is put them in a DHL Jumbo Box and phone DHL on 1800 285
      72 words
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      Page 22 Advertisements Column 1
      139 22 Sad Auction 7 SECURELY LEASED TA FREEHOLD PROPERTIES M IN WESTERN AUSTRALIA This is an outstanding opportunity to acquire, exc investment properties in prime locations with guaranteed lease terms IH from >ong established high profile tenant. I Lease Term 12+5+5+5 years I LOCATION NET RENTAL PA. SPEARWOOD: $88,000 BELMONT: $86,500
      139 words
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      Page 22 Advertisements Column 2
      14 22 Third-party terminal operators told of good prospects in Asia, Shipping rums Pg 1 CATS.
      14 words
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      Page 23 Advertisements Column 1
      264 23 BUSINESS TIME.S TOLL-FREE TEL. No. 1-80Q-741-1883 I'AX 741-1296 HILL GROVE REALTY LTD *****,000,000 Guaranteed Roeting Rate Notes Due 1999 In accordance with the provisions of the Notes, notice is hereby given that the Rate of Interest for the 3-month period from 6 June 1995 to 6 September 1995 (92 days)
      264 words
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      Page 23 Advertisements Column 2
      20 23 As ud wfcea the blest loadnaf Rotterdam prices are M available, the previous trading day's riniht figares are carried tastead.
      20 words
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      1108 28 B U S I N. ,_E_lS__S__T__l__M__B__g Prime Freehold Residential Development Site For Sale By Tender Location Along Newton Road, near Newton MRT Land Area 2,636.7 sq m (Approx 28,381 sq ft) Tenure Estate in fee simple Plot Ratio 2.8 Height Restriction Up to 30 storeys Tender Closing Date 12 noon.
      1,108 words
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      Page 28 Advertisements Column 2
      424 28 ting nor* Ckwlng Share Pilcm 8/06/1996 clom my low nmn UM UM UN DM wmm fm —inn ut «xo «xo axe wnnxn JwMni »Willi S4O U4 U4 U4 L\S5yJ B*yta» mm «jm 0.9 m ijn Mn»l>| M *.10 LM LM Lit MOl—lX7 IJI Ml IX7 Published by Jardma Ftemmg international
      424 words
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  • Shipping Times
    • Article
      DAILY FREIGHT
      539 29 JHE descent of the Baltic Freight Index (BR) accelerated at the end of last week down 26 points to 2,055 on Friday jwith few signs of a revival in the dry cargo market. The most significant falls were cm the Atlantic. Dreyfus is laid to have fixed 54,000
      539 words
    • Article
      Lock icon Canada to privatise St Lawrence Seaway, revamp port operations
      322 29 Reuter OTTAWA Canadian Transport Minister Douglas Young has unveiled a far-reaching plan that includes commercialising operations on the St Law- rence Seaway and revamping its port system to make it more market-responsive. "Canada's marine sector has to adjust to confront the
      Reuter  -  322 words
    • Article
      MARITIME STOCKS
      337 29 SES TOO JaS S$ Vol CWT Distribution L 1.61 unch 51 CWT Distribution A 1.51 Chuan Hup Holdings —1.17 +0.01 127 Coaco Investment S 1.70 Coaco Investment A 1.65 Far East Levingsto 6.60 109 CB Holdings Ltd 0.81 +0.015 4 Hai Sun Hup Group 0.825 -0.025 971 Hitachi
      337 words
    • Article
      SML in US$2m venture to run ferry services in Vietnam
      353 29  -  By Alec Almazan SINGAPORE Listed Sembawang Maritime Ltd (SML) has entered into a US$2-mil-lion (552.78 million) joint venture agreement to operate ferry services in Vietnam. SML will operate ferry services between Ho Chi Minh City and Vung Tau, in partnership
      353 words
    • Article, Illustration
      Maersk's new double-hull tanker
      48 29 ODENSE Denmark's IwM a ceremony m the Ode Steel Shipyard to mm to oil tanker. The wife of die mayor of Arhus, MraEdny Simonsen, named the vessel Ellen Mmnk (above). The 300,000-tonne very erode carrier will operate from Roskilde, Denmark, as its home port.
      48 words
    • Article
      Third-party terminal operators told of good prospects in Asia
      208 29 SINGAPORE Prospects for third-party terminal operators in Asia were excellent, a director of one of the world's leading petroleum and chemical storage companies said here yesterday. Opening the two-day Terminalling Asia '95 conference at the Hilton Hotel, GATX Terminals Corp director
      208 words
    • Article, Illustration
      Oil refinery's US$8m insurance claim rejected
      502 29  -  By Ramesh Divyanathan SINGAPORE An oil refinery's claim for more than US$B million (Ssl 1.1 million) against an insurer on the grounds that it had been assigned rights under an insurance policy was rejected in an English court. The case, Colonia Versicherung AG v
      502 words
    • Article
      Lock icon Japanese shipbuilders' credit quality to fall
      173 29 AFP TOKYO Japanese shipbuilders are expected to suffer declines in credit quality due to severe competition, the stronger yen and low prices for very large crude carriers, Moody's Investors Services lnc said yesterday. "The overall credit quality of Japan's shipbuilding com paMa is likely
      AFP  -  173 words
    • Article
      Revised bunkering guidelines now available
      368 29 SINGAPORE The revised edition of the Singapore Bunkering Procedure (SBP) strengthening documentation procedure and equipment requirements is now available at the Singapore National Shipping Association (SNSA). The SBP, which spells out minisium requirements for compliance by both suppliers and buyers during a bunker delivery operation,
      368 words
    • Article
      Lock icon Tanker ownership at historical turning point, says Drewry report
      678 29 Lloyd's List LONDON The historic relationship between major oil companies and the shipping industry is about to change, according to a new report by London-based shipping consultants, Drewry Shipping. This relationship, which has altered considerably over the past 20 years, has
      Lloyd's List  -  678 words
    • Article, Illustration
      Lock icon HK to get China's flag, not its cargo
      559 30  -  The return of Hongkong to Chinese sovereignty in 1997 raises the question of whether Hongkong-registered vessels retain cabotage rights. Alastair MacAuley examines the issues Alastair MacAuley Fairplay THE Sino British Joint Declaration of 1984, which returns Hongkong to Chinese sovereignty in 1997,
      Fairplay  -  559 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      325 30 Par •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenkiei 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 •CCNI 4 •CM A II •CQSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho Yang 5 Contipac
      325 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      11011 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 The page number refers to the location of the schedule advertisement ETA ETA Um VmmI Voyagt P| tm 0w>'»
      11,011 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        1525 41 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Record Booklnt/Baiance Mb y* Vty m Etb/Bb fitted Fw U From Aa Swan 173A 07/1000 2A 05/1700 06/0659 06/0900 26 05/1700 06/0659 06/0900 4 06/1200 06/1459 06/1700 A* Miracle ***** 08/2359 1A 05/1500 05/1659 05/1900 IB 05/1500 05/1659 05/1900 3
        1,525 words
      • Article
        AT CONVENTIONAL WHARVES
        482 41 Atoms Port ZaoSatu 1 M/5 Jones* 06.06/0600 Mam Into N201 J2 alongside 06.06/2300 Mum 06/01/95 J1 alongside 0606/2300 c ouf Sea/B 002 J13 alongside 06.06/2300 An Jaya 23/95 06.06/0800 iSnoo 06/02/96 J1 alongside 06.06/1300 I~ 47 M aiongsde 06.06/1500 Piasetva Lestan P100 J2 alongside 06.06/2300 £Ltra 06/01/95
        482 words
      • Article
        COCKETT BUNKER MARKET REPORT
        814 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 Cocliett Bunker Price Index change and the individual
        814 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Asian nations urged to build 100-seat jet jointly
        484 42 A chance for region to control its aviation destiny, says magazine MBT KUALA LUMPUR Countries and companies in Asia should combine forces to build 100-seat aircraft as the market, capital and means for such a venture are available. This call was made
        MBT  -  484 words
      • Article, Illustration
        Lock icon Cyclos take centrestage
        41 42 PHNOM PENH»— Cydo pushers taking put in the annual cydo race in Phnom Penh «t off to• a SmfoyThousands of spectators watched the marathon teams make their way through the streets of the capital of Cambodia. Keuter Reuter
        Reuter  -  41 words
      • Article
        Lock icon Jakarta approves US$285m project
        157 42 Reuter JAKARTA The Indonesian government has approved a US$2B5-million (*****.1 million) integrated transport project in Jakarta, according to consortium leader Siti Hardiyanti Rukmana yesterday. A consortium of seven companies led by Siti Hardiyanti Rukmana, President Suharto's eldest daughter, will build the project, which will integrate buses
        Reuter  -  157 words
      • Article
        Lock icon JAL joins satellite-control aviation system
        211 42 BernamaKyodo TOKYO Japan Airlines Co (JAL) will join a trial project to use a satellite global positioning system (GPS) for aviation control, company officials said Recently. JAL's archrival All Nippon Airways Co is also considering participating in the project, industry officials said. The project, drafted
        Bernama- Kyodo  -  211 words
      • Article
        Lock icon Germany considers tougher pollution rules
        183 42 Reuter r BONN German Environment Minister Angela Merkel said on Sunday Germany was considering banning cars without catalytic converters from the roads by the year 2000. "Short-term bans in the case of high ozone levels in the air are not sufficient to reduce environmental damage
        Reuter  -  183 words
      • Article
        Lock icon Cathay, Air Canada plan freighter service
        200 42 Reuter HONGKONG Cathay Pacific Airways Ltd and Air Canada said they will start flying a joint freighter service between Hongkong and Toronto on July 27. The airlines said a Cathay Boeing 747-400 freighter will operate twice-weekly on the route, with the two carriers sharing
        Reuter  -  200 words
      • Article
        Lock icon BAA plans new retail expansion programme
        236 42 Reuter LONDON British airports operator BAA pic said it expects to start a new round of expansion for retail facilities at Sts main airports, now that its j£loo-million (SS22O million) {programme to double selling 'space is nearly complete. The firm said it plans to
        Reuter  -  236 words
      • Article
        Lock icon US and Japan to resume talks on airline rights
        330 42 Bloomberg Business News WASHINGTON The Clinton administration has agreed to resume high-level talks on airline rights with Japan, putting threatened aviation sanctions on hold, at least for now. The decision came after a two-hour phone call between US Transportation Secretary Federico
        Bloomberg Business News  -  330 words
      • Article
        Lock icon Eva Air flies into Melbourne
        86 42 AFP MELBOURNE Taiwanese international airline Eva Air made its inaugural flight into Melbourne on Sunday to launch a biweekly service tipped to bring 40,000 visitors here annually. Deputy Victorian state Premier and Tourism Minister Pat McNamara greeted Flight 317 at Tullamarine Airport to mark the
        AFP  -  86 words
      • Article
        Lock icon Shanghai seeks Pudong airport funds
        62 42 Reuter SH ANGHAI Shanghai will seek project financing to pay for a new international airport it plans to build in the Pudong new area, Vice-Mayor Zhao Qizheng said recently. Previously, China financed airport construction through government allocation but the Pudong airport will be paid for
        Reuter  -  62 words
      • Article
        Lock icon Gulf Air starts freighter service
        72 42 Reuter DUBAI Regional carrier Gulf Air is starting a weekly Boeing 757 freighter service between Bahrain and Lahore in northern Pakistan. The 37-tonne capacity freighter will leave Bahrain at 0125 local time on Mondays (2225 GMT Sundays) and arrive in Lahore at 0700 local time
        Reuter  -  72 words
      • Article
        Lock icon Private Bangladeshi line's route
        97 42 Reuter DHAKA Aero Bengal Airlines, Bangladesh's first private domestic airline, will start flying its two Chinese made Y-12 Turbo Prop aircraft to its only destination in southern Barisal, its managing director said late last week. B H Haroon said the airline would start operations this week,
        Reuter  -  97 words
      • Article
        Lock icon Jardines to vie for HK airport railway site
        415 42 Reuter HONGKONG Veteran British colonial trader Jardines and top local developers will battle for the right to develop Hongkong's coveted airport railway Central station site, analysts say. "All the big boys will be there and the local tycoons have long wanted to
        Reuter  -  415 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1410 42 AIRCRAFT ARRIVALS DEPARTURES a> wm n» ww* n» MaJtaM QUMB 2310 AMaM* QF81 1930 QFB2 2055 SQgab 2120 MrtB KLS31 0925 GA974 0020 SQ327 1530 KL844 0040 GA897 1606 KL838 2300 SQ26 ywi mmm SQ3A8 2250 IUM SQ286 2040 SQ288 2045 NZ74 2340 B Sari hpM 9421 1100 SQ182 0915
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      855 30 r\ BULLETIN BOARDh 1 I Shipmanager opane ni|l Singapore office s ■MCtOM I New faces take over the IHHI Anglo-Eaatem Shlpmana««ment celebrated The Orient Airlines (OAA) has confirmed helm at ASMI the official openingOf ita Singapore office *»appoint!**ofCartoaChuamcommeroal l«»t week. Incorporated In 1974. the company director and Robert Peel as
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      197 30 Lints and services represented Members of the nepiitry of Accredited [sflHSjS* Shipping Agents, Singapore Notional VuLaJKI/ Shipping Attftfittion. rOr advertising enquiries, contact snipping imtkS: Td 740-2089 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday ffiSmesSDngs 03* I I S"por» PJtakng Loadtagtar 71| cemtaurus
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      760 31 FOONG SUN .ip* SHIPPING (PTE) LTD WMpLESALE CENTRE, BLOCK 1,103-10 SINGAPORE 0611 H 1)( iNUyim MWHI OR tWi 10MM*****W mi 77MM8 (12 LINKS) F«l *****10/*****28 TLXi WS2SI2O/2SOSS FOOHIP VESSEL VOY ETA ETD DESTINATION SUN MY Mi IMPORT M Pl/UIWUiMIANB NEE (MAKI Ml 1M 1M POMTIAMAK/SINTETE SUN SULTAN 2/H 11/1 1M
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      1099 31 Ivesa w I «nm/p u» |o* |<n |HP I y MUBAWIFMi HA 88/88 B/U 27/88 U/U IMS mmYHUBMNMMW MA IS/>> /IS/IS nFS Wo */V \W I MUBAWVKiarf «A nm mm */v n/v ivy w* m/u iuwl ug I is/87 mamimM ha h/p iw w/w nna t\/v\r\/v n/g man—l *«a wvmm
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      755 31 I H ANJIN SHIPPING I I BOOKINGS TEL: *****36-237 OPERATION TBj *****41-253 I DOCUMENT TEL: *****71-276 I SISS.I~SI tiESf"- 2! FW WL nr~l UNEHNJL W U M I I 2SSSSSSS2.2L .S! 252 *55 "55 12 mmamm wi wi wi I I U2 2££J .52 .11 J2 HANJM CHUNWU 1221 1M
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      926 32 rasa w him rm ant iha stwi w hk uo ro sh ok ms I MMOVU EtfVSS vno 17A H/S tl/t M z z M ZB3Z I miUm vfe ""ST~ 4s~ MI jjr Iff g7T I -ags •aa-gg-HS—y—J£= mogitwßs i\m v> i/t 3i/s _j/*_ J?£— 4/7 1 1_ _LJ I
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      1209 32 NOR ASIA I v£Sv^^^^^«>«N^ALOLAßK^v!^»33^Bß^RO^is^^«^ljr^| NOR KIEL 9622 3 MM M*6H*6Sl*7 6Z*762*7lttt7(n*7 64*7 64*7 M*7 slpmoes23w ivo» 64*7 tun nm mm mm mm mm nm 11*7 I tl VALUE S24W 11*7 6M7 11*7 IMI IH7 tUI 16*7 17/17 17*7 11*7 I SEA ENDEAVOUR S»W MM 16*7 22*7 23*7 22*7 23m 23*7
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      Page 32 Advertisements Column 3
      587 32 JAPAN/HONGKONG/STRAITS REGULAR SERVICE LOADING FOR PORT KLANQ/PENANG Vtwa VQT STORE PBUOAM Iwa [gg wm li~ mft «lo mjuw AFOLLOMTU 1 KJ S7JUW ombit venture it wjiw CMMMM J S7 JUW WJIW QUEEN SBKO 1 S7JUN WJIW COTTT 11 WJIW 11JUW ISJUW TOLEDO 71 WJIW IIJUW MBJWAUTMA 1 ISJUW 11JUN EASTEMHBW
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      1153 33 I W JV STRAITS SHIPPING PTE LTD P I 10 Hoe Chiooi Road #11-01 Koppol Towors I WtLMU Slofopoio 0208 Tol: *****88 Fax: *****17 I wgw qumia pacific uwb |riIIIIHII /SgCD chin* navigationcoi I I CARGO DUE SAILS I I I STRAIT? HOPE VKC9E MMn, Life, KX NAM w» 11l
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      2370 33 Singapore Agent: KrM 1 AflTOf t|MpC P&O Containers (Singapore Agencies) Pte Ltd O 10 Hoc CMaag Road, #07-01 Keppel Towers, Singapore 0298 ■IHBk First Class Connections WORLDWIDE Tefc22s 2233 RS pnocsp Fa* 225 5327/222 7517 x CR Number *****9 *****Z IMPORT vtastL vor tuo 3*o jmm sou awt rot ham
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      1082 34 mmmnmrTTTSTT^Trmii w M wt f M 1 I k fl■l■ I I E nsn ROM HM THP MM LHV UN Ml TV HN UN Nl IBP M t RENOWN RW-Sll IM 3M 2/7 4/7 1/7 S/7 E.6REETRE-M8 7/5 IM M 1M M M MPT RACER RW-4M 17/8 7/7 V 7
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      511 34 vmu m MP 55 5E DMN tM rar w UM COMCOWO Wl-VIW JJJJ I*JJ fj m n5 UM COROHA D62-BJ7W I W* ?4 ®JJ 27M 27M 27M umonwaso auoi!* "JJ **J **Z «M 7 jm chart rwi «mr zmi m*7 im7 um mmi \mn 11*7 < LBOACgrtaMFaTOOOHA.BWim.«ftAUWAOUaW.MIICAT(MNAaAeMI>.«BW«UMWAAMOHMI WTAOH MA OAABMI
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      528 34 S RICHFIELD MAftfNE AOEWOEt PTE LTD TBj *****33 (12 UNEB) FAX: *****18/*****03 TELEX: R8 ***** MBMP (3 Una*) CR NOc **********0E y HMPUUi ACCEPTING FCL AND CONVENTIONAL Vnill Voy ETA Loading tor NP— AfabayWonz 44W8 OM>7 tZZ*,?* 0 Abyot 41WB 18AM D^ 33 B KIEN HUNG LINE J FULLY CONTAINERISED
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      2220 35 EXPRESS flH k Jka IB B mncwm,Mnß*m Hamburg tawin > tiNTU 4|WH Til (e—*ril): t?*lt— »ilitSU»kl»s 4#**tr 0*1: COS TA R SHIPPING PTE LTD f f*w«tt tttittt cmnir intuitu* c-tti-r »n M ««i« o#w»(/m cm<*/mt <**?'', iiwm »«7i7m unitutt tbsmr (mwiumk wmm o/o atnu chuh/mi/ miTJi wV c»<n: mmtmt m
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      702 35 j(t FAMOUS CONTAINER UNESI 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 I HOT LINE: *****33 (30 UNES) GOTHENBURG/SCAN 12/06 ROTTERDAM 12/061 AARHUS/COPENHAGEN 12/06 HAMBURG/BREMEN 09/06 P MARSEILLE/FRANCE 13/06 FEUXSTOWE/UK o>/06p| BARCELONA/SPAIN 09/06 LEHAVRE/FRANCE 09/0611 GENOA/ITAIY 10/06 ANTWERP/BELGIUM 09/06 {j LOS AWGELES/WC/IPI 09/06 SYDNEY/MELBOURNE 08/06; NEW YORK/EC 09/06 FREMANTLE/ADELAIDE 09/06 VANCOUVER 09/06
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      922 38 [VESSEL I VOY I SIN JKT VESSEL I VOY I 8W PtN I^W I; VIRABHUM 1348 ~Wd I 7/6 St 10/8 BUNQA BEROJA 8088 Ty In Pt ~Thu 8/6 VgMB BHATRA BHUM 823 Fil 9/6 Mon 12/6 TOANABHUM 124N Tuo_ JnPt Wd 7/6 MAHA BHUM* 230N Wd 7/6 St 10/6
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      787 38 I7® ANSON ROAD, 921-01, SINGAPORE 0207 TEL: *****92 FAX: *****67 CR **********0N STRAITS shuttle service PORT KLANQ PENANQ vo«a Ivor w m. vena I vor I pbi SEA LAUREL 394N O&O6THU 0906 FRi LHOTSE 5033 07/06 WED oao6ffll EAGLE BREEZE 207 A MO6THU 10Q6SAT XOURJAYA ***** Qao6ffll 11/06 SUM XOUR
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      538 39 MYANMA FIVE STAR LINE (Myanmar National Una) I Loading lor Yangon (Rangoon) I s>or« p.k* «u I HAWUUIYWO VMM BLD PAGAN V22BW SLD MYOMA YWA VIS4W IM* MALAYSIA AGEMTS: lOOSTEAD WIPPIR6 AGENCIES SiKSSSK Si St SB3BBU teMS NIGERIAN NATIONAL SHIPPING LINE SPORE FOR TBN 25/06 LAGOS/PT HAR I THE BANK
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      918 39 ADVANCE CONTAINER LINES (PTE) LTD a AH 140C*ciSMmC#1240iPIL BuMbig,Slngapomoloo I TEL: *****21, FAX *****19, TELEX R*****0 ACLPL CR NO. **********0E iii.i.i. I:V i 11,■ ■■.■wl JAKARTA H fa MT mUM ID WT < m (S uuiMWWMti W i jkt WAMIT(THAIHAM MMOT I»mbMll<ml MMII4W< IIM |IMM I KOTAMTAM MTBT» ~Mt I"**
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      773 39 ICR HO *****660Q00Z |<wli vov m iehome hamburo Bwg rottehoam mvmrr ~1 vu-EOESAorn* sow ww oam oem mm at/or mm MLLED'AOULA AO6W WW WOT 12/07 WB7 WOT WW VILE DXYDRA HOSW 27/09 16/07 20*J7 22/07 23/07 24/07 MLLEOEUTWA YD9* 04/07 26*07 27®7 2ftC7 WOT 81*7 ALSO ACCEPTMQ CARQO TO ALL
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      507 40 a k -.■kJH 0_ flkj| Hairatan, Torghundi, Islamqala (Doqbarvn) i-wWmOcmwm C.1.5./RUSBIA! Aima Ata Ashkhabad, Baku, Dushanbe, u,,. Irkutsk, Khabarovsk, Krasnoyarsk. Korsakov, Moscow, Novosotoirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Intefnattona Forwarder* Mongolia: Ulaar Bator N Kofa: Pyongyang, Nampo EXPRESS CONTAINER SERVICE T0 WEST COAST SOUTH AMERICA PUNTAAMNAI FHDCM. JtMYVSC3ZC tIM MM
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      333 40 AfMtK MAC-NEU WWII! *****22(24 IMS) aaawg.. ssuj^s^uss? I F.KmttW««W JAKA*TAi»t)dOOHO7 BUWAIAVA; P1)»1S» I I ASIA HKG/TWN/BKK GENOA/EUROPE 1 1 2? m a£ mSSSm W m ml M m 11/6 HKG/BKK/KE&KHH *h in* 13 fi 14 fi 1M HKG*KM(EE*HH W S RECEIVING Tft JPN/KOREA/MANILA 6/6 7/5 8/6 SHANGHAI/DALIAN tinyiUmyiUllWUl XIAMEN/BEUING Manlla/Cebu
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      388 40 STRAITS/JAPAN/STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE M HEAVY UFT CARQO UPTOI2O TOMS > RAMP CAPACITY UPTO 00 TONS Ira in IOMMNt am j® *l_ a ommot n n/4, mmmm si n/t fbmm u/t OMMHMXM M M/t CMTTMQM WKTMMM t»/t MAS 4 It/* K/t 1 jwt'ysav 1 rami —tw 11 n/t
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  • Page 41 Miscellaneous
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      131 41 WEATHER LEGENO R Thundarstorm Tamparotura c A A Showar Waothar _X Wind draction with *p«ad in knots Rain V-/ Cloudy Sky Wov. ha*ht I S»rJoc« wi»A or* mfccatad by arrows »Mi My witfi tfca wind 0 Ona hJ arcla raprasants coim or ight ond vonobta wind* J—«. Ona half ttacha
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