The Business Times, 6 July 1995

Microfilm: NL20008
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times WE KhgWAStA MITA(P) 194/12/94 Thursday July 6 1995 -ml
    11 words
  • Article
    Lock icon Dow surges 34 points
    79 1 Reuter NEW YpRK US stocks climbed into record territory yesterday, as investors snapped up shares of companies likely to benefit from lower interest rates. The Dow Jones Industrial Average was up 34.23 points at 4,619.38 at 2 pm EDT, well above its record close of 4,589.84
    Reuter  -  79 words
  • Article
    Untitled
    165 1 Stock Market indices Wednesday Change STII 2,128.25 +6.77 KLSEComp 1,047.82 +14.29 Nikkei 14,830.44 74.70 Hang Seng 9,407.27 +224.80 SET Index 1,430.46 23.31 Jakarta Comp 498.60 +5.16 Manila Comp 2,818.86 +27.29 Taipei WP1 5,482.32 +162.07 Seoul Comp 904.98. -2.7 Bombay BSE30 ..3,184.43 +20.19 CLSA China B 775.36 -4.27 AustAllOrd 2,022.3 +10.1
    165 words
  • Article, Illustration
    SES, Shenzhen bourse seal pact for cross-border trade settlement
    581 1  -  By Teh Hooi Ling SINGAPORE The Stock Exchange of Singapore and its Shenzhen counterpart signed an agreement yesterday to facilitate the settlement of cross-border trades of Shenzhen B shares, paving the way for the first Chinese company to launch its secondary
    581 words
  • Article
    SIA invites tenders for 33 new planes worth US$5b
    506 1  -  By Conrad Raj SINGAPORE Singapore Airlines, once again showing its faith in the aviation business, has invited tenders for 33 new planes worth about US$5 billion (Ss7 billion) from America's Boeing and Europe's Airbus Industrie. The tenders for 17 firm orders
    506 words
  • Article
    Staff of new SBC Warburg in S'pore expect axe to fall
    512 1  -  By Shiv Taneja, R Sivanithy SINGAPORE Just days after Swiss Bank Corp announced the completion of the purchase of UK investment bank SG Warburg, employees of Warburg here believe some of them may not have jobs for much longer.
    512 words
  • Article
    Phileo Allied chief shows new broking commission arrangement to be fair
    633 1  -  From Ho Kay Tat in KUALA LUMPUR A LEADING Malaysian stockbroker said yesterday that the new commissionsharing arrangement worked out by the Kuala Lumpur Stock Exchange (KLSE) was not unfair to foreign brokers as some in the industry have
    633 words
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      198 1 j Bu rberrys i C/- mp— r x Reigns when it pours BT Online Look us up at http:// www.asial.com.Sß/biztimes Km rniwpwh) i S>re News 2.3 SpcxeWsia 15,16 Regional News 4.6,7 Financial 18,19 World News 14 Feetara Markets Analyse 13 CWi/KLSE, SES 22-24 Editonai 12 Report 20 Sports 9 World
      198 words
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      14 1 Law: The new S'pore Bankruptcy Act Chrysler crashes into political roadblock in China Pg6
      14 words
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      46 1 Hock Lock Siew: pg is Hotels may pay off for Hai Sun Hup Thai shares run 1500 1 set ind« hot aS 1430.46 j investors 1375 S1 1 warm to coalition's new i»o cabinet line-up Vy,/ 1125 L I 1 L Pg 4 Apr Mty Jun
      46 words
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      14 1 129 trillion rupiah The Jakarta Stock Exchange's market capitalisation rose 5% at half-time Pgl7
      14 words
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      148 1 Bottom Line: Pg 14 Major must make political hay The prestigious from London School of Economics UNIVERSITY OF LONDON The Diploma in Economics is a 2-year part-time programme which allows successful candidates direct entry into the second year of the B.Sc Economics or B.Sc Management degrees. Alternatively, the prestigious diploma
      148 words
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      10 1 \Jp Jh > >&&& 'l I u N E T T I
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  • SINGAPORE NEWS
    • Article
      Telecom, SIA slip in global rankings, but local banks rise
      593 2  -  By Chuang Peck Ming SINGAPORE Telecom and Singapore Airlines have slipped, while the Big Four local banks moved up in Business Week's 1995 global rankings of publicly listed companies by market capitalisation. With its market value having fallen 10 per
      593 words
    • Article, Illustration
      Lock icon BMW to set up Asia-Pac parts base next year
      331 2 GERMAN luxury car maker BMW will be setting up its Asia Pacific parts distribution centre in Singapore next year. The Singapore-based BMW Regional Parts Distribution Centre will be the first such logistics facility for BMW outside Germany. The company expects the
      Photo by Arthur Lee  -  331 words
    • Article
      Indian court to hear Pillai's bail application today
      405 2  -  From K P Nayar In NEW DELHI FORMER Asian "Biscuit King" Rajan Pillai is still being remanded in a high-security prison after his plea to be hospitalised was turned down yesterday by a special magistrate. Today, the court will hear his application
      405 words
    • Article
      TDB plans multi-sectoral mission to India in October
      245 2 THE Singapore Trade Development Board (TDB) will be mounting a major multi-sector-al mission to India in early October to look at new opportunities that can be tapped and how problems on the ground can be tackled. The India Business Fortnight (IBF), organised
      245 words
    • Article
      Call to put up buildings worthy of conservation
      210 2 MINISTER for National Development Lim Hng Kiang yesterday called on developers and architects to create new buildings worthy of conservation in the future. Mr Lim was speaking at the first Architectural Heritage Awards presentation, where six conservation projects were given awards for
      210 words
    • Article
      HDB makes it easier for tenants to buy shops
      308 2 THE Housing and Development Board has come up with a Loan Assistance Scheme to help tenants buy their shops. National Development Minister Lim Hng Kiang said yesterday that under the scheme, which is optional, tenants could pay 70 per cent of
      308 words
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Stock market turnover slides
        289 3  -  By R Sivanithy AFTER an upward spike in May, stock market turnover slid in June because of uncertainty about the health of the US economy and the direction of US interest rates. Last month, the main board and Clob International traded 2.26 billion units worth $7.16
        Source: SES  -  289 words
    • Article
      5,000 may qualify for discharge under new bankruptcy act
      383 3  -  By Ven Sreenrvasan A THIRD of the Singapore's bankrupts could have their bankruptcy orders terminated when the new Bankruptcy Act 1995 comes into force on July 15. The Official Assignee Public Trustee Department told Business Times that it is reviewing the
      383 words
    • Article
      Turnover of AITs, AOTs up 6.4%
      306 3 25 AOTs seek five-year extension of status, which confers tax concessions TOTAL trading turnover of companies under the Approved International Trader (AIT) and Approved Oil Trader (AOT)schemes in 1994 rose 6.4 per cent to U5576.61 billion over that in 1993, the Singapore Trade Development
      306 words
    • Article, Illustration
      B&N Fragrances & Cosmetics to sell Middle Rd building by tender
      138 3 B&N Fragrances Cosmetics to sell Middle Rd building by tender THE five-storey B&N Building at the junction of Middle Road and Queen Street has been put up for sale by tender. The 99-year leasehold building has two floors of retail space and three floors of office space. Net lettable retail
      138 words
    • Article
      Casa spending $14m on new building and fleet expansion
      203 3 CASA (S) Pte Ltd plans to invest over $14 million to construct a new building and to expand its transportation fleet in Singapore. Casa is the marketing and distribution agent for LuckyGoldstar Electronics, Ariston Bathroom equipment, Elba and Faber household appliances.
      203 words
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      336 2 A copy of the Prospectus has been lodged with and registered by the Registrar of Companies and Business in Singapore who takes no responsibility for its contents. Q CHIN* MERCHANTS SHEKOU ROOT SERVICE CO..ITD. (Incorporated in the People's Republic of China) INVITATION IN RESPECT OF 26,600,000 VENDOR SHARES OF RMB
      336 words
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      312 3 Uf£i/SPEED HUMAN Iff l/f J RESOURCE SOFTWARE. Easy Staff 2 is a comprehensive software, with over 700 users in Singapore. To discover its outstanding qualities, call 278 0097. THE NEW MOTOROLA FLARE. AT TELESHOP, All the features of a top-of-the-line GSM Handphone are packed into the new $888 Motorola Flare:
      312 words
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      7 3 Major reform for Bankruptcy Act, Pg 8
      7 words
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  • SOUTH-EAST ASIA
    • Article
      Shares ran hot as investors warm to Thai cabinet line-up
      430 4  -  From Loh Hui Yin in BANGKOK THE coalition cabinet being put together by the man set to be Thailand's next Prime Minister, Banharn Silpaarcha, took firmer shape yesterday when he named respected technocrats to key portfolios sending the Thai stock
      430 words
    • Article
      Lock icon Jakarta to restructure 10 strategic industries
      116 4 Reuter JAKARTA Indonesia's powerful Research and Technology Minister Jusuf Habibie says he will restructure the 10 state-run strategic industries under his control. "The restructuring will determine, for example, the levels of government equity participation and the state funds which should be considered as debts
      Reuter  -  116 words
    • Article
      Indonesia's clamp on dominant market-share firms attacked
      355 4  -  From Leslie Lopez in JAKARTA INDONESIA'S proposal to limit the growth of companies which control more than half of the country's domestic market has come under criticism from the business sector and raised concerns that it could hurt publicly listed groups. "They (the
      355 words
    • Article
      Japanese firms in Asean hit by labour shortages: survey
      360 4  -  By Vikram Khanna SINGAPORE The most serious problem encountered by Japanese manufacturing firms operating in Asean countries relate to labour, says a just-released survey by the Japan External Trade Organisation. More than half of 931 firms who responded to the survey
      360 words
    • Article
      Lock icon Foreign investment in Asean surged 131% last year
      265 4 AFP KUALA LUMPUR Foreign investment in Asean jumped 131 per cent to U5539.5 billion (5555.3 billion) last year from USSI7.I billion in 1993, with Indonesia absorbing the bulk of the increase, Malaysian trade authorities said yesterday. Better political and economic stability and
      AFP  -  265 words
    • Article
      Lock icon Landslide due to natural causes: minister
      77 4 Bernama KUALA LUMPUR Preliminary investigations into the June 30 landslide along the slip road to Genting Highlands in which at least 20 people were killed showed it was due to natural causes, Works Minister Samy Vellu said yesterday. He said PWD soil experts found
      Bernama  -  77 words
    • Article
      Lock icon Manila Gas auction flops
      71 4 AFP MANILA The Philippine government failed to auction off Manila Gas Corp yesterday after two European utilities and four other would-be bidders failed to show up, officials said. Lourdes Rebueno, an official of the state investment firm National Development Corp (NDQ, declared a "failed bidding". A
      AFP  -  71 words
    • Article
      Lock icon Philippine tariff cut plan approved
      71 4 AFP MANILA The Philippines' economic officials have approved a programme to reduce tariffs that will result in a uniform rate of 5 per cent by 2004, the Trade Department said yesterday. The department said in a statement that President Fidel Ramos would sign the order
      AFP  -  71 words
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      312 4 N nCW rot^ier with an I system and automatic H H I i 1 cutter irons out this horrible, H H I irritating problem. H I w Hv RonU '>. ':*>.•• '-jj^- The Brother Fax 620 comes loaded with aD the features you'd expect from a leading Japanese name: "Smoothing"
      312 words
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      70 5 IMillenia T W THE TOWER rests ON four rjjumnated glass cyunmrs. OUR WORLD RENOWNED BUILDING IN MARINA CENTRE. PART OF FOR FURTHER DEIAILS, PLEASE CONTACT: @1 ARSffirr*" IMOTWR PROJECT. Urban Radavatopmant Autnty Mi in no way ba labia lor any ctata* or W» In complying aMi anyo»»alaimaandcondMonaol»aagwamam*oraMblaaaing.artaorMnalarßatoa caaa may ba
      70 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon 387 killed in worst floods in 40 years
        101 6 AF BEIJING The worst floods in 40 years in south China's Hunan province have killed 387 people, authorities said yesterday. Dongting Lake in Hunan, which absorbs flood waters of the Yangtze River, is likely to exceed a record high level set in
        AF  -  101 words
      • Article, Illustration
        Lock icon Spinning a high-quality yarn
        60 6 Reuter BEIJING Australian general manager Carlos Lourenco and senior engineer Mao Zu Guang of Beijing standing among blended wool which will later be turned into high-quality yarn at Beijing Jing Ao Wool Co. The joint venture between Macquarie Textiles of Sydney and Beijing's Number One Cotton
        Reuter  -  60 words
      • Article
        Lock icon Warning of employment problems
        146 6 AFP BEIJING China is set to become the world's third largest economic power by 2010, but employment problems will pose a serious threat to social stability, according to economists at the Chinese Academy of Social Sciences. The country's gross domestic product (GDP) is expected to grow
        AFP  -  146 words
      • Article
        Lock icon War damages suit against Japan
        128 6 Reuter BEIJING A group of Chinese will take the first case for compensation by the Japanese government for Chinese war victims to a Tokyo court in early August, one of the organisers said. August 15 marks the 50th anniversary of the end of Japan's invasion
        Reuter  -  128 words
      • Article
        Lock icon Taiwan June CPI up 4.7%
        142 6 Bloomberg Business News TAIPEI Taiwan's consumer price index climbed 4.69 per cent in June from a year earlier, its biggest increase in five months, the cabinet said. "It's higher than the market expected and the central bank's target, so it's obviously not a good thing,"
        Bloomberg Business News  -  142 words
      • Article
        Lock icon Taipei won't lower rediscount rate
        75 6 Reuter TAIPEI Taiwan's central bank has no immediate plan to lower the rediscount rate and the reserve requirement, the Central News Agency quoted governor Sheu Yuan-dong as saying. The central bank "has not considered" further lowering the rediscount rate or the reserve requirement for banks
        Reuter  -  75 words
    • Article
      Lock icon Beijing seeks better deal for labour
      369 6 Minimum wage and worker contracts mooted to counter urban unrest and disputes UPI BEIJING With unemployment spiralling and labour disputes rising, China's Labour Ministry has called for the introduction of a minimum wage and worker contracts to promote social stability, the official media said
      UPI  -  369 words
    • Article
      Chrysler crashes, but Benz cruises into China car deal
      383 6  -  From Peter Seidlitz in BEIJING US CARMAKER Chrysler Corp, which worked for over two years to clinch a deal for a multi-purpose vehicle, has lost out to Germany's Daimler Benz. Observers say the decision was the result of China carrying out
      383 words
    • Article
      Lock icon Li Peng uses Kissinger visit to attack US over Lee trip
      249 6 UPI BEIJING Chinese Premier Li Feng used a visit on Tuesday by former US Secretary of State Henry Kissinger to rebuke Washington for the US visit by Taiwanese President, Lee Teng-hui. In a report by the official Xinhua News
      UPI  -  249 words
    • Article
      Lock icon World Bank to lend US$9b to Beijing
      244 6 AFP BEIJING The World Bank is to lend China US$9 billion (5512.6 billion) over the coming three years to fund infrastructure, poverty reduction, environmental protection and education projects, Xinhua news agency said yesterday. Some US$3 billion are to be extended each year, chief
      AFP  -  244 words
    • Article, Illustration
      Lock icon Competition brewing
      93 6 AFP BEIJING A shopowner setting up a cardboard cut-out ad for Lone Star beer, an American joint venture in eastern China's 1 angshan city, next to a shipment of Er Gou Tou alcohol (a local favourite distilled from sorghum) outside his shop yesterday. Foreign brewers such as Carlsberg,
      AFP  -  93 words
    • Article
      Lock icon Guangdong scraps seven golf course projects
      196 6 AFP BEIJING China's booming southern Guangdong province has revoked the licences of seven golf course projects under a new resolution aimed at curbing the rapid shrinkage of arable acreage, Xinhua news agency reported yesterday. The seven projects covered a total area of 706 hectares,
      AFP  -  196 words
    • Article
      Lock icon HK economic slowdown may last till after 1997 handover to China
      357 6 AFP HONGKONG Hongkong's economic slowdown could last through its 1997 transfer to China as the impact of weaker output and demand on the mainland adds to general business uncertainty about the handover, financial analysts said. Indicators released in recent
      AFP  -  357 words
    • Article, Illustration
      2 property projects in Shanghai take off this week
      361 6  -  By Agnes Wee SINGAPORE Two property projects in Shanghai are taking off this week one involves Singapore developers, while the other hopes to find Singapore buyers. The first project, to build fiats, is led by listed Low Keng Huat (LKH). A
      361 words
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      109 6 Fish Head Freshness GUARANTEED Or Your Money Back Only at Ramu's Curry At Ramu's Curry, you enjoy not only the most delicious Angoli Fish Head Curry, you also enjoy it absolutely fresh OR YOUR MONEY BACK. WE GUARANTEE IT. Be sure to try our other delicious favourites including Sri Lankan
      109 words
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      59 6 V 11 Ming Garden MBI HeadWh Centre r Enjoy an invigorating massage t0 soot h e away those tensions Y by our specially trained and MM charming masseuses. MM Wdl equipped gymiisisium ■j Massage rooms with attached Orchard Parade Hotel 1 Tanglin Road, #06-00 Singapore 1024 Tel: 732 1238 732
      59 words
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  • ASIA
    • Article
      Lock icon Recovery may be faltering: Takemura
      454 7 Finance Minister concerned over mixed signals Reuter, Bloomberg Business News TOKYO Finance Minister Masayoshi Takemura signalled his concern that the economy is not on track for a steady recovery. Mr Takemura, in a twist to the government view that the economy is firmly on track
      Reuter,; Bloomberg Business News  -  454 words
    • Article, Illustration
      Lock icon New Tokyo poison scare
      72 7 Reuter TOKYO A police investigator emerging from the Kayabasho subway station here carrying a glass container which police said held a bag with two liquid chemical agents. It was discovered with a timing device at the station on Tuesday. The discovery of the device sparked fears
      Reuter  -  72 words
    • Article
      Lock icon A telecom Big Bang in South Korea
      337 7 Bloomberg Business News SEOUL The South Korean government will sharply deregulate the country's telecommunications sector by allowing new entries into its overseas and long-distance phone, paging and other services. In a report, the Ministry of Information Communications said a new company would be
      Bloomberg Business News  -  337 words
    • Article
      Lock icon India acts against use of child labour in carpet industry
      145 7 AFP NEW DELHI The Indian government has made its first tangible move to eradicate child labour from the booming carpet industry but has run into opposition from a leading rights activist. After denying for years the existence of child labour
      AFP  -  145 words
    • Article
      Lock icon No need for strategy shift to tackle Aussie trade deficit: Keating
      419 7 UPI SYDNEY Prime Minister Paul Keating says his government will not be panicked into major policy changes to deal with Australia's growing trade imbalance, despite last week's record US$2 billion (SS2.B billion) trade deficit. In his first detailed response
      UPI  -  419 words
    • ASIA NOTES
      • Article
        Lock icon Protests delay India hydroelectric project
        119 7 AFP NEW DELHI Angry protests in the power-starved eastern state of Bihar forced Prime Minister PV Narasimha Rao to postpone the planned launch yesterday of the 710 megawatt Koel Karo hydroelectric project, first mooted in 1970. Environmental groups and tribals vowed to block a huge
        AFP  -  119 words
      • Article
        Lock icon Tax change seen costing A$15b
        100 7 Reuter MELBOURNE Tax changes announced by Australia's Labor government on Monday would transfer Asls billion (5514.9 billion) in asset values from the states to the national government, Victorian state Treasurer Alan Stockdale said yesterday. He said the changes could cost his state Asl.6 billion on
        Reuter  -  100 words
      • Article
        Lock icon Japan vows more support for S Africa
        116 7 Bernama-Kyodo TOKYO Prime Minister Tomiichi Murayama told South African President Nelson Mandela yesterday that Japan will continue aiding South Africa's nation-building efforts and is considering extending US$lOO million (Ssl39 million) in loans. In his meeting with Mr Mandela who is in Japan on
        Bernama-Kyodo  -  116 words
      • Article
        Lock icon Former premier Fukuda dies at 90
        41 7 Bernama-Kyodo TOKYO Former Japanese Prime Minister Takeo Fukuda died yesterday at a Tokyo hospital, his family said. He was 90. A former finance ministry bureaucrat, Fukuda served as prime minister from 1976 to 1978. Bernama-Kyodo
        Bernama-Kyodo  -  41 words
      • Article
        Lock icon Karachi lifts newspaper ban
        48 7 AP KARACHI Journalists and publishers called off a planned nationwide strike yesterday after the government lifted a week-old ban on six Urdu-language newspapers it claimed were inflaming Karachi's ethnic violence. About 1,000 people have been killed this year in the southern port city. AP
        AP  -  48 words
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      65 7 In atu re lover Z Mi tV l; iNn I -*6£ r l i I >■ A i \jtf J -2 j r-wf 111 'i* v I 1 i x WT*; > KvSAA'WS•- t w* v .'a,, >£.*:, V. -i. IF YOU WANT TO TALK TO THE PEOPLE WITH A
      65 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Major reform for Bankruptcy Act
      949 8  -  Yen Sreenivasan reports on the new legislation that will simplify existing bankruptcy procedures Ven Sreenivasan THE new Bankruptcy Act 1995, which will be implemented on July IS, is a major piece of law reform which supercedes the existing 107-year old Bankruptcy Act enacted in 1888.
      Source: A Guide to The New Bankruptcy Act 1995  -  949 words
    • Article
      UK law firm Herbert Smith sets up office in S'pore
      232 8 ATTHE- 5^ Another foreign law firm has set up office in Singapore this year. The newcomer is UK firm Herbert Smith, which follows Vinson Elkins from the US. Herbert Smith, headed by partner Andrew Calderwood who moved here from the
      232 words
    • Article
      Courts organise law conference
      166 8  -  By Conrad Raj JUDGES, lawyers, prosecutors and administrators from all over the Asia-Pacific will meet here in a fortnight to discuss the latest developments and trends in law and court administration. Singapore Chief Justice Yong Pung How will deliver the keynote address at the "Asia-Pacific Intermediate
      166 words
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      215 8 ,JaMb r< ».f -t> -ft JTourism Court, Orchard Spring. The new home of the Singapore Tourist Promotion Board. As any traveller will gladly vouch, there's nothing our new home is a 13-storey building, complete with a like coming home. resource centre designed for the benefit of the industry, And the
      215 words
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  • SPORTS
    • Article
      Lock icon Agassi, Sampras take different routes to semis
      610 9 Wimbledon AP WIMBLEDON Top seed Andre Agassi and twotime defending champion Pete Sampras reached the Wimbledon semi-finals with contrasting victories yesterday. Agassi, ripping returns and passing shots with devastating pace and accuracy, beat Dutch doubles specialist Jacco Eltingh, 6-2, 6-3, 6-4, in a
      AP  -  610 words
    • Article
      Lock icon The case of the missing Murph
      691 9  -  George Vecsey wonders what made Murphy Jensen skip his match and set off for the English countryside George Vecsey NYT LONDON The missing-per-sons bulletin makes it official. This is one of the weirdest Wimbledons ever. Normally, everybody is on best behaviour on these hallowed
      NYT  -  691 words
    • Article, Illustration
      Lock icon Baseball star Nomo a hit in two continents
      452 9 AP LOS ANGELES It was a prestigious black-tie event honouring Japanese businessman Tachi Kiuchi, chief executive officer of Mitsubishi Electronics. Everyone who was anyone was invited. But when it was time for dinner, no one moved. Said Dodger president Peter O'Malley: "We
      AP  -  452 words
    • Article
      Lock icon NEW YORK
      182 9 AP NEW YORK John Kluge, one of the investors in the proposed Major League Soccer, at US$5.9 billion (SsB.2 billion) was the wealthiest person in sports, according to a list in the July 17 issue of Forbes magazine. Among sports figures, Portland Trial Blazers owner Paul Allen is
      AP  -  182 words
    • Article, Illustration
      Baseball
      68 9 NEW YORK Major League on Tuesday NL: St Louis 0 Montreal 5; Pittsburgh 7 Philadelphia 0; Atlanta 3 LA 2; Florida 6 San Diego 4; Cincinnati 10 SF 6; NY 0 Chicago 3; Colorado 8 Houston 16. AL: Cleveland 6 Texas 7; Chicago 1 NY 4; Oakland 5 Milwaukee
      68 words
    • Article, Illustration
      Lock icon Cricket
      77 9 AFP LONDON Wisden Cricket Monthly editor David Frith, criticised over an article that questioned the commitment of foreignborn players to the England team, promised on Tuesday to balance the argument in the magazine's next issue. England stars Phillip DeFreitas and Devon Malcolm have threatened legal action over the article
      AFP  -  77 words
    • Article, Illustration
      Cycling
      100 9 ALENCON, France Tour de Fran« 3rd stage (67-lun lean time fcnal from Mayenne) on Tuesday: 1 Gewiss Ballan (Ita) 1 hr 13 min 10 sec 2 ONCE (Spn) 35s behind 3 Banesto (Spn) 59 4 Mapei GB (Ita) 1:33 5 MG Technogym (Ita) same time. Overall standings: 1 Laurent
      100 words
    • Article, Illustration
      Lock icon Golf
      90 9 Reuter SYDNEY China's fledgling professional tour was dealt a blow yesterday when organisers put back JJ* date for the inaugural China PGA Championship by 12 months to October 1996 after failing to attract sponsors. The proposed US$4OO,OOO tournament, jointly sanctioned and organised by the China PGA and the Australasian
      Reuter  -  90 words
    • Article, Illustration
      Lock icon Tennis
      77 9 AFP LONDON Moves to give Monica Seles her number-one world ranking back if she returns to the tour has split top players. Steffi Graf, currently holding the No I ranking has made it clear that she would like to see the Yu-goslav-born American return but doesn't think she should
      AFP  -  77 words
    • Article, Illustration
      Lock icon Graf looks perfectly untouchable
      437 9 AP WIMBLEDON Steffi Graf was in that untouchable element that tennis players call "the zone". Even the normally self-criti-cal Graf couldn't conceal the state of invincibility she experienced during the second set of Tuesday's 6-3, 6-0, quarter-fi-nal victory over Mary Joe Fernandez. "Perfect" was how Graf
      AP; Reuter  -  437 words
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      995 9 Nationsßank Head Office: Charlotte. North Carolina *****, USA Singapore Branch: 5 Shenton Way, #11-01, UIC Building, Singapore 0106 CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME (US Dollars In MlUton») (US Dollars In MMona Except December 31 Per-Share Information) 1994 1993 Yaar Endad Dacamtoar 31 J+99QIM 1994 1993 Cash and cash
      995 words
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      749 10 my 119 J F" 1 I T K T« > J I I BmIVjI[I■K9■V I A V J I I M l VI P I I WORLDS LARGEST SELLING BEER J M ~;v j|\ i nlfiK Drop by tonight and watch our dynamic new band ACE OF HEARTS in action.
      749 words
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      Page 10 Advertisements Column 2
      343 10 WHERE TO WINE, DINE AND ENTERTAIN Cafe Plaza Japanese Food Promotion 1-31 July At our Japanese buffet lunch and dinner, you can help yourself lo the wide range of dishes. Enjoy Cha Soba, Tempura, Chawan Mushi, Sushi and many more. Adult: $19.00 Child: $12.00 menu rhmfn rrguUriv Hibjrct lo mvitt
      343 words
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      Page 10 Advertisements Column 3
      363 10 The Day You Dine At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus templing desserts. Call us now to make your reservations at 831 6271/2. IHf
      363 words
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  • LIFESTYLE
    • Article, Illustration
      Snakes and ladders
      554 11  -  Susan Tsang previews a musical about how the laws of the jungle prevail in a corporate world Susan Tsang A MUSICAL about office politics? The sober-minded might feel that the office is not the right place for a song and dance, but Action Theatre artistic director Ekachai
      554 words
    • Article, Illustration
      Lock icon Fond farewell to a Hollywood daar-ling
      690 11 Obituary: Eva Gabor UPI FILM AND television actress Eva Gabor, best known for her role in the 1960s series Green Acres, died on Tuesday from complications of pneumonia at a Los Angeles hospital. She was 74. Gabor was surrounded by her family when she
      UPI  -  690 words
    • Article, Illustration
      Lock icon Home is where the hurt is
      269 11 CHATTERBOX NYT NYT Reuter HER seemingly privileged childhood was not a fairy tale but a dark make-believe, singer Carly Simon says in the current issue of Vanity Fair magazine. "There was no truth, because we were living this Tennessee Williams play." Simon said that
      NYT; Reuter  -  269 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      93 11 Wth a wide selection of good focd at affordable prices, you will never run out of choices. Taiwan Porridge Order from our A-La-Carte Menu Chinese Cuisine Sdect from our Special Set Menus Curry Fbh Head Choose from our Hot Spicy Menu SSEk Whether it's a formal """1 business meeting or
      93 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1200 11 I TV RADIO Interceptor, 8.30pm, Ch 5 Exciting 1992 airborne thriller, 0 with terrorists hijacking a plane which carries a high-tech, near-invisible combat jet. They themselves up against the test-pilot. Andrew DivofT, Eliz- ■<A^Kf r abeth Moorehead and Jurgen v Prochnow From 10.30pm, directs Wang Qun Guo Yun Wong tale.
      1,200 words
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  • Article
    Extreme right exploits France's social divide
    1164 12  -  National Front wins votes as champion of weak social groups, reports Salil Sarkar Salil Sarkar The writer is a Paris-based journalist who contributes to BT FRANCE'S most prominent extreme-right party, the xenophobic National Front, is beginning to look like a serious player, says Paris
    1,164 words
  • Article
    Hongkong needs cooperation
    495 12 EDITORIAL LAST week's breakthrough over the financing of Hongkong's US$2O.3 billion (5528.4 billion) Chek Lap Kok Airport comes amid a few signs that cooperation between China and Britain may be finally gathering pace. This dispute has simmered since 1991, when China and Britain agreed there should be
    495 words
  • WHAT THE OTHERS SAY
    • Article
      Thailand faces stern tests
      381 12 DESPITE winning the Thai election on Sunday, the Chart Thai party of Banharn Silpa-archa is having to prove to minority doubters that it has a moral claim to office to go with the electoral mandate. This is extraordinary, which no election victor need tolerate. But the
      381 words
    • Article
      Lessons from a trade dispute
      166 12 THE RESOLUTION of the car dispute between Japan and the US is something that countries in the AsiaPacific welcome as it will cast aside the possibility of trade war between the two economic giants, as a result of which they could all suffer. The good
      166 words
    • Article
      A Chart Thai concern
      126 12 THE THAI PEOPLE have got used to coalition governments. But a discernible worry is the alleged involvement of some Chart Thai MPs in drug-trafricking r The public is concerned that including such members in the new cabinet will taint the prestige of the Thai government overseas.
      126 words
    • Article
      Time to move ahead
      70 12 THE MEMBERS of parliament chosen in yesterday's election must now form an effective coalition to lead Thailand into the future. These representatives have been elected through a democratic process. The new coalition should honour that and embody the will of the people. It is time to
      70 words
    • Article
      Out with apathy
      103 12 THE ONLY TIME that most Thai people feel they have a real sense of potency in their dealings with the country's politicians is before an election. It is the time when politicians are most responsive to the wishes of the people and treat them as their equals.
      103 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      75 12 i• 1 D A| I LOUIS DREYFUS FINANCE BAN Q U E The French Interest Rate Bank Primary Dealer in French Government Securities Money Market French and European Bond Market Fund management The interest rate markets are our business and our passion Our prices on Reuters for French Government Securities
      75 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      90 12 SO UiHftT? We KMOUJ PILL Ron —-so oor evegymwG "S- I j OFFce ISN'T TIDY il DOOWESBURY GARRY TRUDEAU NO.NO.AL£X I! iFrrsAMßonrsfmj.rTs I «ssn I MOMMfSAfSTT &NT I THAT' MOMMY CD PfXMPER. MQMMYS N&U P&NfW jbjkm I 1 GONeAurm J m I ffjbnp/sprobablyjust WhuuSk S BIT CRAZY... M SOMt- 11
      90 words
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  • ANALYSIS
    • Article, Illustration
      Kiwis ponder future after triumph of free market
      963 13  -  NZ has been transformed from a rigidly regulated to an open economy. Steve Vines finds that in the process, the rich-poor gap has widened Steve Vines The writer, a Hongkong-based journalist, visited Wellington and Auckland recently. He contributes regularly to BT NEW
      963 words
    • Article, Illustration
      Influx of wealthy Asians triggers debate over immigration policy
      1011 13 Indigenous Maori people are among the most vociferous critics THEY've got too much money, build flashy houses with ghastly columns up the front, work too hard, have over-achieving children and, damn it, don't know how to drive those large expensive cars
      1,011 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      236 13 HOW MUCH DO VOU(R) MANAGERS REALLY KNOW? The distilled essence of an MBA Degree. At a small fraction of the cost In just three days. Please limited to the first 35 to register. We suggest you register today. Manila June 29-1 July Century Park Sheraton Bangkok July 3-5 Monarch Lee
      236 words
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  • Article, Illustration
    Lock icon EU unveils plans to deepen ties with China
    584 14 AFP, Reuter BRUSSELS Europe yesterday outlined plans for a major expansion of ties with China, saying it was time to bring the emerging economic giant into the political mainstream and open up a vast market for European business. European Trade Commissioner Leon
    AFP,; Reuter  -  584 words
  • Article, Illustration
    Lock icon Major stamps his authority in cabinet reshuffle
    526 14  -  From Neville Stack in LONDON PRIME MINISTER John Major lost no time yesterday in flexing his muscles and asserting his authority after he was returned as leader of the Conservative Party. And much to the dismay of the one-third of his MPs who
    Reuter  -  526 words
  • Article
    Lock icon Europe's economy still in upswing: Tietmeyer
    222 14 Bloomberg Business News FRANKFURT Bundesbank president Hans Tietmeyer said strong currencies are not preventing economic growth in Europe. "Continental Europe is still in the early phase of an upswing," Mr Tietmeyer told bankers at a dinner meeting. "It's not being interrupted by currency turbulences."
    Bloomberg Business News  -  222 words
  • Article
    Lock icon Apec report to examine regional business cycles
    210 14 AFP SAPPORO, Japan The Asia-Pacific Economic Cooperation (Apec) forum plans to examine the links between regional business cycles in its first annual economic outlook to be issued later this year. "This year's outlook, in a sense, is very important," said Seiji Shimpo, the
    AFP  -  210 words
  • Article, Illustration
    Major savours victory, but for how long?
    684 14  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a political correspondent based in London. He writes regularly for BT THE champagne corks were popping in both the Conservative and Labour headquarters after the reelection of Prime Minister John Major as leader
    684 words
  • Article
    Lock icon Japan lists proposals to resolve air cargo dispute with US
    370 14 Reuter TOKYO Japan has made some specific proposals for a breakthrough in aviation talks with the US, and Tokyo and Washington are likely seek a realistic resolution, an official at Japan's Transport Ministry said. "We have already made some proposals
    Reuter  -  370 words
  • Article
    Lock icon Credit Lyonnais, Bankers Trust tie up
    120 14 Bloomberg Business News PARIS Credit Lyonnais and Bankers Trust said yesterday they are forming an alliance for their global custody businesses for French and international securities. The alliance will allow Credit Lyonnais to enhance its service by drawing on Bankers Trust's technology and man-
    Bloomberg Business News  -  120 words
  • Article
    Lock icon Barings report out next week: George
    99 14 Bloomberg Business News LONDON Bank of England governor Eddie George will present a report on the collapse of Barings pic to Chancellor of the Exchequer Kenneth Clarke next week. Central bank officials "have a meeting (this) Friday at which we hope to review the
    Bloomberg Business News  -  99 words
  • Article
    Lock icon The ribbon's end
    70 14 AP NEW CANAAN, Connecticut Smith Corona Corp, the last American company to manufacture typewriters, filed for bankruptcy protection yesterday. Smith Corona said competition from personal computers had eroded demand for its typewriters and personal word processors. The company filed for bankruptcy reorganisation under Chapter 11 in US
    AP  -  70 words
  • Article
    Lock icon OECD jobless rate up
    77 14 AP PARIS Unemployment in the largest industrialised economies overall rose in April to 7.5 per cent from 7.4 per cent in March. The Organisation for Economic Cooperation and Development yesterday said the jobless rates had risen in the United States to 5.7 per cent in April
    AP  -  77 words
  • Article, Illustration
    Lock icon Chirac's headache
    107 14 Reuter PARIS Housing scandals mixing privilege and suspected sleaze are ruining the political honeymoon of new French President Jacques Chirac (right) and his Prime Minister, Alain Juppe, adding to public distrust of the establishment. An investigating magistrate raided the national headquarters of Mr Chirac's Gaullist RPR party on
    Reuter  -  107 words
  • Article
    Lock icon Violence in Belfast
    56 14 AP BELFAST Gangs torched cars and buildings and attacked police early yesterday, the third day of violence following the early parole of a British soldier convicted of murdering a Catholic woman. Police headquarters said violence flared in the city and other towns in the British-ruled province and
    AP  -  56 words
  • Article
    Lock icon Updating Hippocratic Oath
    54 14 AP LONDON British doctors have decided to draw up an updated version of the Hippocratic Oath, to be sworn by all new physicians. Members of the British Medi- cal Association voted on Tuesday to bring back the 1,700-year-old affirmation of medical ethics. The oath underlines a doctor's
    AP  -  54 words
  • Article
    Lock icon Iran severs links
    56 14 AFP TEHERAN Iran yesterday said it had severed economic relations with Norway over Oslo's support for the British author Salman Rushdie. Foreign ministry spokesman Mahmud Mohammadi, cited by state radio, also confirmed an announcement from Norway that diplomatic ties had been reduced between the two countries to
    AFP  -  56 words
  • Article
    Lock icon Ban on Amnesty stays
    56 14 AFP LONDON Appeal court judges on Tuesday supported a ban on Amnesty International from advertising on commercial radio on the grounds that the humanitarian organisation's aims were primarily political. An Amnesty spokesman, denouncing the High Court ruling as "irrational" and an infringement on freedom of expression,
    AFP  -  56 words
  • Article
    Lock icon Hear this, thieves
    82 14 Reuter ROTTERDAM Over the years, fingerprints, hair samples and genetic material tests have been used to tie criminals to the scene of a crime, but now Dutch police are clocking up convictions with earprints. Burglars who stump forensic scientists by wearing gloves or hats, often leave incriminating
    Reuter  -  82 words
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  • COMPANIES & MARKETS
    • Article
      Keppel Bank to raise $237m from bonds, warrants
      427 15  -  By Shiv Taneja SINGAPORE In its first capital raising exercise since it was listed in June 1993, Keppel Bank is set to tap the market for $237 million. The bank said yesterday that it was going to raise the funds through the
      427 words
    • Article, Illustration
      Lock icon Acquisitive Kemayan attracts strong speculative interest
      415 15  -  Active trading activity By William Chia SINGAPORE Clob-traded Kemayan Corporation has attracted strong speculative interest with its string of acquisitions in Malaysia and the region. Kemayan shares continued to be among the most active counters traded on Clob International yesterday, with a turnover of
      Source: Bloomberg  -  415 words
    • Article
      CAM trading suspended pending announcement today
      224 15 SINGAPORE Trading in the shares of CAM Mechatronic was suspended yesterday, a day after its stock topped the actives list on the local bourse with over 15 million shares changing hands. CAM said it will make an announcement today after 5 pm. Various market
      224 words
    • Article
      42.5% of IME offer shares go to small investors
      261 15 SINGAPORE Yaohan group's IMM Multi-Enterprise (IME) has allocated 42.5 per cent of its public offer shares to small investors who had applied for less than 10 lots each. Investors who applied for single lots have been allotted 9.9 per cent of
      261 words
    • Article
      FCC divests 60% of unit to takeover partners
      227 15 SINGAPORE First Capital Corporation has divested 60 p«er cent of Camerlin, its subsidiary that is being used to acquire listed beverage group Yeo Hiap Seng, to its takeover partners. FCC said yesterday that Camerlin had alloted 20,000 shares each to Sembawang Industrial
      227 words
    • Article
      Hai Sun Hup may yet prove sceptics wrong
      727 15  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Marine-based Hai Sun Hup has a new star performer its fledgling hotel business. The group, in announcing a 15.5 per cent drop in net profit to $20.2 million for the 1994/95 period, highlighted the maiden
      727 words
    • Article, Illustration
      Kim Eng's brothers in alms — to the tune of $28m
      178 15 Kim Eng's brothers in alms to the tune of $28m SINGAPORE Two Kim Eng Securities directors yesterday sold a total of 15.75 million Kim Eng shares and 12 million warrants, raising a total of $28.47 million cash. In a statement to the Stock Exchange of Singapore, Kim Eng said Ronald
      178 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        52 15 Firm 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
        104 15  -  By Paul Leo INNO PACIFIC Holdings fell 1.5 cents yesterday to 65 cents. Volume has picked up 854,000 shares changed hands yesterday compared to the 10-day average of 415,000 units and monthly Relative Strength Index has just bounced up from oversold region. But daily RSI is overbought and
        104 words
    • COMPANIES
      • Article
        Lock icon Giordano confident Jimmy Lai won't clobber China prospects
        335 16 Reuter HONGKONG Casual clothing chain Giordano International said yesterday that its China plans were on track and disputed reports that Beijing had slammed the brakes on its China expansion because of the media activities of its outspokenly anti-communist main shareholder, Jimmy Lai.
        Reuter  -  335 words
      • Article, Illustration
        Japan's NEC buys 19.9% of Packard Bell for US$170 million
        536 16  -  By Claire Leow SINGAPORE NEC of Japan will pay US$l7O million (***** million) for a 19.9 per cent share in California-based Packard Bell Electronics, the companies announced in Tokyo yesterday. NEC and Packard Bell are the largest PC companies in
        536 words
      • Article
        Lock icon Manila's rejection of Hopewell's power plant bid under probe
        326 16 Bloomberg Business News MANILA The Philippine Congress will investigate the state utility's decision to reject Hopewell Holdings Ltd's US$l.54 billion (552.2 billion) bid to build a power plant because of Hopewell's alleged links to blacklisted Westinghouse Electric Co. Representative Herminio Aquino
        Bloomberg Business News  -  326 words
      • Article
        Lock icon Inchcape Timuran says it may be target of takeover
        138 16 Bloomberg Business News KUALA LUMPUR Wholesaler Inchcape Timuran Bhd says an unidentified party is interested in acquiring Inchcape pic's 49 per cent stake in the company in order to take it into other businesses. In the deal, Inchcape pic would acquire
        Bloomberg Business News  -  138 words
      • COMPANY BRIEFS
        • Article
          Seksun to build 6-storey plant
          76 16 SINGAPORE Seksun Precision Engineering will build a sixstorey factory with three storeys of workers* dormitories at a cost of 5i3.5 million on a 6,561.9 sq m industrial site adjacent to its existing Yishun plant. The site is located at Yishun Industrial Park A. The cost
          76 words
        • Article
          Lock icon Bimantara's pulp fiction
          54 16 AFP JAKARTA Bimantara Citra, owned by President Suharto's second son Bambang Trihatmojo, has denied seeking forest concessions for pulp industry. "There's no such thing," Bimantara spokeswoman Ayun said yesterday. Forestry Minister Jamaludin Suryohadikusumo had said here last week that Bimantara had asked for forest concession to develop
          AFP  -  54 words
        • Article
          Lock icon Bapepam fines issuers
          80 16 Reuter JAKARTA Indonesia's capital market supervisory agency Bapepam has fined 12 bond and share issuers a total of 150.99 million rupiah for failing to submit their 1993 and 1994 annual financial reports, the watchdog body said in a statement obtained by Reuters yesterday. Companies fined by the
          Reuter  -  80 words
        • Article
          Corrections and clarifications
          50 16 IN A Reuter report carried in Business Times on July 4 under the headline "Pacific Century unit launches VSAT service for Hongkong firms", the basic upfront cost for the service was given as U5525,000 per location. The news agency has since clarified that the cost is U552,500.
          50 words
      • Article
        Lock icon Speculation in new shares sparks concern in China
        372 16 Reuter SHANGHAI Close to 800,000 investors stampeded for shares in the latest Chinese company offering, but brokers and the official media warned yesterday that speculation was on the loose again. Dongfang Electrical Machinery's offering of 60 million domestically traded A shares was
        Reuter  -  372 words
      • Article
        Lock icon Sinar Mas financial holding unit starts trading in Jakarta
        237 16 Bloomberg Business News JAKARTA PT Sinar Mas Multi Artha, a holding company for the financial interests of the Sinar Mas group, began trading at its initial offering price of 1,800 rupiah on the Jakarta Stock Exchange yesterday. Sinar Mas Multi Artha
        Bloomberg Business News  -  237 words
      • Article
        Untitled
        541 16 MaaafOT' prion Jul 6 Sh dealer Chin* Fd 0% 1.00(8 e Mendaki Gr Fund 1.03 1.06$ Singapore unci Trust us Gr Fund 1.05 t or* The Commerce 1.58 1.67 IMA iaj The Savings Fund I.S3 1.62 ASSe* Mgl LIB S pore Croc Fund 0.62 0.66 Unifund 1.44 150 S pore
        541 words
    • RANKING OF INDONESIAN COMPANIES
    • FINANCE & COMMODITIES
      • Article
        Lock icon Deutsche Bank names UK arm Deutsche Morgan Grenfell
        493 18 Bloomberg Business News FRANKFURT Deutsche Bank AG says it will rename its London merchant bank unit Deutsche Morgan Grenfell Gfoup pic and will concentrate its global investment banking activities there. The name change, which Follows Deutsche Bank's decision last October to focus
        Bloomberg Business News  -  493 words
      • Article, Illustration
        Lock icon Vietnam steel industry set for bumper output
        454 18 AFP THAI NGUYEN, Vietnam Vietnam's steel industry looks set" for a bumper year with a major reorganisation and new plants more than doubling output. However, problems of low productivity and cheap imports are still looming. Four new plants will raise output from around
        AFP  -  454 words
      • SMALL CHANGE
        • Article
          Lock icon China forex market trades US$32.6b
          66 18 Reuter SHANGHAI The Shanghai-based China Foreign Exchange Trade System traded U5532.6 billion (5545.5 billion) of foreign currency in the first half of this year, the China Securities newspaper reported. Average daily turnover was US$265 million, 23.4 per cent more than for all of 1994. The
          Reuter  -  66 words
        • Article
          Lock icon China to jail illegal bank culprits
          88 18 Bloomberg Business News BEIJING People who set up commercial banks or other iinancial institutions without approval from China's central bank will be jailed three to 10 years, the official Financial Times reported. The punishment is part of a new law to curb financial crimes.
          Bloomberg Business News  -  88 words
        • Article
          Lock icon Japan may issue bonds to buy land
          85 18 Bloomberg Business News TOKYO The ruling coalition parties and construction ministry officials are considering issuing government bonds to finance the buying of land to be lent to developers to stimulate real estate transactions, Nihon Keizai newspaper reported. An organisation linked to the construction
          Bloomberg Business News  -  85 words
        • Article
          Lock icon BOT wants to maintain interest rates
          77 18 Reuter BANGKOK The Bank of Thailand (BOT) wants local commercial banks to keep interest rates at current levels, despite "huge" foreign funds pouring into Thailand last month, deputy BOT governor Rerngchai Marakanonda told reporters. High liquidity in the financial market over the past two
          Reuter  -  77 words
        • Article
          Lock icon KCRC picks 8 banks for HK$2.5b
          58 18 Reuter HONGKONG The Kowloon-Canton Railway Coip has picked eight banks to provide HKS2.S billion (SS4SI million) of revolving credit facilities to finance its capital expenditure programme. The facilities have an availability period of five years ending July 31, 2000. KCRC had invited banks to
          Reuter  -  58 words
      • Article
        Lock icon Metro Pacific bank to merge with Philippine bank
        186 18 AFP MANILA A small bank controlled by the Metro Pacific Corp, the local subsidiary of the Hongkong-based First Pacific Co Ltd, is merging with a medium-sized Philippine commercial bank, the two banks said yesterday. PDCP Bank, a Metro Pacific affiliate, will merge
        AFP  -  186 words
      • Article
        Bakrie arm raises US$27m from offshore market
        180 18 SINGAPORE PT Bakrie Sumatera Plantations has raised a US$27 million (5537.7 million) loan from the ofTshore market. The syndicated revolving credit facility was arranged by HSBC Investment Bank Asia Ltd's Singapore branch. PT Bakrie Sumatera is a member of the Bakrie group, which
        180 words
      • Article
        De Beers to pay less for Aussie diamonds
        348 18  -  From Neil Behrmann in LONDON SOUTH African gem giant De Beers has cut the prices it pays for low-grade Australian diamonds by 10 per cent. The cut affects "near-gem" and industrial diamonds, produced mainly by the Argyle Mine in Western Australia, says
        348 words
      • Article
        Lock icon Oil prices hit new 1995 lows amid supply overhang
        289 18 Reuter LONDON Oil prices looked weak yesterday amid fears the overhang of supply will not be met by increased demand for the rest of 1995. World benchmark Brent Blend crude oil futures for August delivery were up three cents at U5516.05
        Reuter  -  289 words
      • Article
        Lock icon Currency Reports:London
        193 18 Reuter LONDON The dollar opened slightly higher within a tight range. Trade was lacklustre and dealers cautious ahead of a two-day Federal Open Market Committee meeting which began yesterday. Dealers said that the market was split on whether the board would ease US rates and unwilling to take
        Reuter  -  193 words
      • Article
        Lock icon New York
        92 18 AFP NEW YORK The dollar was stable against the major currencies here yesterday in light trading as traders refrained from taking new positions before the Federal Reserve's Open Market Committee meeting ends today. At 1425 GMT, the dollar traded at 1.382S marks against 1.3790 on Monday and 84.92
        AFP  -  92 words
      • Article, Illustration
        Untitled
        1381 18 I rade-ueixhted index calculated against S'purr 's top 14 trading partner* Base war IKS US$/S$ forward rates Noon /Jul 5 s$ Bid Offer 1-month 1.39)0 1.3945 2-month 1.3891 1.3906 3-month 1.3850 1 3865 6-month ***** 1-3755 Source: OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9an m M S
        1,381 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars, Euroyen little changed at noon
        1357 19 Reuter SINGAPORE Simex Eurodollar and Euroyen futures were little changed in thin trade at midday. "It's directionless ahead of the FOMC meeting," said a dealer. The Federal Open Market Committee began a two-day policy meeting yesterday, at which it will decide whether to cut
        Reuter  -  1,357 words
      • Article
        Palm oil firms on short covering
        657 19 COMMODITY REPORTS Palm Oil SHORT covering activities coupled with market talk of further export demand saw palm oil prices firming yesterday. The higher close on the soyoil futures market of the Chicago Board of Trade and the steadier trend on the crude palm oil
        657 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Stopping coffee sales may help prices
          92 19 TOKYO A likely move by major coffee producers towards export suspension may temporarily boost prices, but if not done carefully will hurt them, traders in Asia said yesterday. A trader in Singapore, who called the move "the most drastic action an exporter could take",
          92 words
        • Article
          China exporting less tin
          89 19 LONDON The depletion of excess stocks of both refined tin and tin concentrate has reduced China's tin export potential to around 25,*****,000 tonnes per year, according to Jim Lennon, analyst at Macquarie Equities Ltd. Chinese net exports of tin soared between 1990 and 1994 from 10,000
          89 words
        • Article
          Aussie beef prices to rise?
          63 19 SYDNEY A week of firm trading in grassfed cuts and fullsets has Australian exporters tipping a rise in beef prices to Japan by the end of July, "It appears things have settled down now, and the price into Japan should firm with a rising demand
          63 words
        • Article
          EU sets white sugar rebates
          77 19 LONDON The European Commission is expected to license 10,000-30,000 tonnes of white sugar exports at its weekly tender yesterday, traders The maximum refund is expected to be about 43.685 ECU (5581.28) per 100 kg. A trader described the tonnage as "tairiv modest", noting that there
          77 words
    • Article
      COMMODITY PRICES
      1466 19 SICOM Futures fhihh VfUDO€f (futurts ciMMig at at 5.30pai) IBS 1 Caatract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 95 I I 195.00 I 2225 Sep 191.00 1950 Oct 189 50 184 00 186.50 200 2375 Nov 189.30 184.00 186 50 200 2375
      1,466 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1055 20 10.1 SHARES closed 0.5 per cent firmer yesterday as fears of an offshore assault on the bourse evaporated and blue chip stocks advanced. Overseas investors had been expected to sell Australian stock following poor economic data, dealers said. "1 think the market has taken heart from the fact that
        1,055 words
      • Article
        Manila
        622 20 +27.28 Share prices closed higher as investors began pouring in, taking advantage of low prices left by the lengthy slump. "The last few days was really a consolidation period and on Tuesday there was a signal that the consolidation period was at an end," a trader said. The PSE
        622 words
      • Article
        Taipei
        578 20 162.07 Share prices finished 3.04 per cent higher in response to the central bank's easier monetary measures, with all eight major categories of shares gaining. "The central bank's release of NT$4 billion (SS2I6 million) into the local banking system boosted buying interest among investors," said a trader. The 321-issue
        578 words
      • Article
        Seoul
        424 20 -2.7 Share prices closed lower as sagging blue chips eroded early gains. Foreign investors took a wait-and-see attitude. The Composite Price Index recorded a 2.7-point drop to settle at 904.98. Turnover was 37.31 million shares worth 635.26 billion won. Rises beat falls by 461 to 315. By sector, pharmaceuticals,
        424 words
      • Article
        New Zealand
        350 20 1.86 Shares dragged their way into positive territory on painfully thin volume, with leading issues mixed and some volatility in the second-liners. The NZSE-40 Capital Index closed 1.86 points higher at 2,063.34 on turnover of just NZ$22 million. Stocks were very much orderdriven, a broker said. Telecom showed
        350 words
      • Article
        Bombay
        116 20 +20.19 Stocks were mixed as hopes dimmed for an early return of forward trading, which allows investors to delay paying the full prices of shares, analysts said. The Economic Times said in its lead story that the Finance Ministry had decided to permit the return of forward trading. Since
        116 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        830 20 Britannia Funds Sterliag Cask Bid Offer M,m C ap Deposit 38 6400 38 6MM Mim Jersey Gih .0.189 J 0 1992 Mini Mu Income *0 *>00 *0 9400 US$ Cash Income Pirn Fund 10 5200 *****0 PS S Reserve Fund 5 5200 5 5300 Sterling Kqni(> Euro Prrformime 0.4592 0.4934
        830 words
      • Article
        London
        694 20 +45.7 STOCKS rose for a fifth day as banks benefited from speculation of a cut in US interest rates and retail stocks anticipated tax cuts after Prime Minister John Major's election victory in the Conservative leadership contest. An early gain of 25 points in the Dow, taking the index
        694 words
      • Article
        Paris
        159 20 18.32 French stocks extended gains for a third day in a row, with the core index gaining one per cent, as investors anticipate a possible cut in US and European interest rates soon. The CAC Index rose 18.32 points at 1,907.76. This is the first time the index ended
        159 words
      • Article
        Frankfurt
        198 20 -9.24 German shares, which ended a quiet bourse session modestly lower, will have to rely on Wall Street to give it the boost needed to break resistance at 2,115 to 2,120 in the near-term. The DAX Index ended down 9.24 points at 2,105.66. But prices pared losses in IBIS
        198 words
      • Article
        Brussels
        182 20 1.07 Belgium's stock index rose for the third day with a rise in bond prices boosting banks and utility Electrabel. The Bel2o Index rose 1.07 points to 1,439.06, its highest for two weeks. Five stocks rose and 11 fell. Electrabel, which gener- ates 90 per cent of Belgian electricity,
        182 words
      • Article
        Amsterdam
        284 20 1.55 Dutch stocks rose to their second-highest level ever as earnings optimism helped Philips Electronics NV rise to a record high. Buoyed by a 3 per cent rise in the electronics stock, the EOE Index gained 1.55 points to 438.70, after trading as high as 438.90 during the afternoon.
        284 words
      • Article
        Zurich
        240 20 -3.8 Swiss shares fell as losses in Zurich Insurance and CS Holding were only partly off-set by gains in pharmaceutical firm Ciba-Geigy and food producer Nestle. The SMI Index of 21 stocks closed at 2,843.7 points, down 3.8, after rising as high as 2,857.7 in early trading. The more
        240 words
      • Article
        Johannesburg
        455 20 -0.1 South African shares closed lower in a mild correction following the previous day's overdone gains, dealers said. "It's a case of stocks coming back into line after yesterday's rally, which was overdone," a dealer said. Dealers said trade was still thin on a general lack of institutional participation.
        455 words
      • Article
        Toronto
        252 20 +9.63 Stocks climbed early in moderate trading with market players sidelined ahead of this week's economic data and FOMC meeting, traders said. The TSE 300 Composite Index rose 9.63 points to 4,547.89 on volume of 10.8 million shares valued at CS 145.80 million. Advancing stocks outpaced declines 201 to
        252 words
      • Article
        New York
        772 20 +23.51 Stock prices widened their early gains in fairly active trading as the markets grew optimistic about the prospects for lower interest rates. The Dow Jones Industrial Average, which jumped 29.05 points on Monday, was ahead 23.51 to 4,608.66 at 11am EDT. The NYSE Composite Index was ahead
        772 words
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      Lock icon HONGKONG
      2916 21 Bloomberg Business News HONGKONG Stocks posted their biggest gains in three weeks, amid confidence a slowing US economy will pave the way for lower interest rates. Signs that relations are thawing between Britain and China gave stocks another boost, traders said. Bank and property stocks, which stand to gain
      Bloomberg Business News; Source: Bridge Info  -  2,916 words
    • Article, Illustration
      Lock icon CHINA
      586 21 CLSA IN Hongkong, the H share index gained 7.17 points to 1,119.30 on turnover of HKJ5.46 million. Tianjin Bohai was the best performer, up 2 per cent on volume of U*****,000. Chengdu Cable and Dongfang Electric both fell, down 4 per cent and 4.5 per cent respectively. The Shanghai
      CLSA  -  586 words
    • Article, Illustration
      Lock icon TOKYO
      2563 21 Bloomberg Business News TOKYO Stocks rose, led by electronics shares, on optimism that the mounting signals that Japan's economic recovery is in trouble will force the Bank of Japan to consider lowering interest rates again. "The yen has been so strong for so long that we are going to
      Bloomberg Business News; Source: Bridge Info  -  2,563 words
    • Article, Illustration
      Lock icon BANGKOK
      1698 21 Reuter BANGKOK Stocks ended at a new 1995 closing high, up 23.31 points at 1,430.46, amid positive domestic political developments and strong foreign buying. The market rallied as the Chart Thai party, which won most seats in Sunday's election, moved towards the final stages of forming a seven-par-ty coalition
      Reuter; Source: Bridge Info  -  1,698 words
    • Article, Illustration
      Lock icon JAKARTA
      1182 21 Reuter JAKARTA Share prices edged higher at yesterday's close but operators appeared to remain cautious ahead of the Federal Reserve meeting. The Composite Index edged up 5.16 points to 498.60. Turnover was 118.18 billion rupiah. Indocement gained 3.32 per cent to 8,550 rupiah after being corrected down after the
      Reuter; Source: Bridge Info  -  1,182 words
    • Article
      CLOB INTERNATIONAL
      2480 22 (rf Gr IW Last Vol Day Last Qao4r D*» l)i» VM Net M Cap High Low Company Sale (TOO) High Low Bayer Seller Or P/E Sail MALAYSIAN STOCKS 478 1% m A1SB 50c 376 unch 421 WO 376 376 378 3.0 -2.9 0.2 3856 127 77.5 m AMDS
      2,480 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares rise amid expectations US rates will fall
        6976 22 Bloomberg Business News KUALA LUMPUR Stocks rose a second day amid expectations a cut in US interest rates may bring more investment dollars into Malaysian stocks and spur the US economy, boosting Malaysian exports. Casino company Genting led the rise after a
        Bloomberg Business News; Source: Bridge Info  -  6,976 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8646 23 Cr Gr M Wl IW La* Vol Da, IjuQhM Di« Di< VU Nrt Cap Ar| H«k Low Caapaay Sak COM) High Lo- Buirr Seller O P/E Sail Price INDUSTRIAL AND COMMERCIAL 488 382 mi j Acma 50c 440 +2 196 444 438 438 440 22 5 5.8 2.6 9.2 606
        8,646 words
      • Article, Illustration
        Lock icon Retail-based counters, married deals push prices up
        1854 24  -  By R Sivanithy SINGAPORE Strong support for traditionally retailbased counters and a flurry of married deals yesterday pushed stock prices higher. Institutional business, which was relatively weak in the morning session, picked up marginally in the afternoon after London came online and ensured
        Charts by Bridge Info; Source: Bloomberg  -  1,854 words
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      212 15 NEWS VALUE Way paved far secondary listing af Chinese firms in S'pere (pg 1) Likely to lead to an active market for B shares in Singapore. SIA invites tenders for 33 new planes wort* USssb (pg 1) Singapore Airlines is tops in many areas, but its share price is sluggish.
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      508 16 a Major Conference! <H The Year PRODUCT PLANNING a MANAGEMENT] A hard-hitting conference that has been designed for ALL Product, Brand, Marketing General Managers. Critical issues include: Practise the skills required to succeed in your position Official Publications analyze your functions as a product manager Gain an insight to the
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      93 16 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
      93 words
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      115 17 Richly decorated plasterwork. Deftly painted in pastels. A tradition of colour, captured in a uniquely Singaporean hotel. ,I y f'- lal j 11 1«j V"; f. <i« J r- t f-* Singapore 0718. —I^WWBBBBW^^—4 (65) 338-7600 Fax: (65) 338-7366 Adelaide Bali Bangkok Bombay Colombo Jakarta Manila New Delhi Seoul Shenzhen
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      24 18 For further Information on which newsstands carry Her World, Go. Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1800-749-2577.
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      133 20 I' JJ] Spire dby H Singapore Handicrafts Singapore's leading rosewood specialist A rosewood I see the finest at Singapore's largest rosewood furniture 1111 l /I ft__ showroom. Where you can also view our wide range of Huanghuali. JjgSflMl HW Wain Showroom *****66. Fax: r Qtf* I* f*T*£t lffif|l f*FI Mon
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      83 21 @/2ow passengers travelling to Hong Kong can take a load off their packs. For the earliest flight out of Singapore and the last one back from Hong Kong within the same day, fly United Airlines. The airline that lets you make the most of your time in Hong Kong without
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      75 22 Clearly the choice for fine European jewellery Another dazzling collection from Singapore's premier jeweller: P ure temptations that -at our Great Singapore Sale prices you '11 only be too glad to give in to. Premier jeweller Mondial Ngee Arm City 391 Orchard Road, #0116 Tower B, Ngee Ann City, Singapore
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      228 24 BUSINESS TIMES TOLL-FREE TEL. No. FAX: 741-1298 N M ROTHSCHILD SONS (SINGAPORE) LIMITED SENIOR EXECUTIVES CREDIT/SYNDICATIONS BANKING DIVISION N M Rothschild Sons (Singapore) Limited is the South-East Asia regional office of Rothschilds, the leading London-based international merchant banking group. Rothschilds has been operating in Singapore for over 20 years and
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      13 24 a colourful lifestyle, call fashion Beauty on Yi (fox 30 cento a minute.
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      1143 24 Singapore Closing Share Prices 06/07/1995 CUMI MOT LOW MOM .yu. um uh ua use Jgj* Jwem im uto 7.sb um rßßai JwO»«mlM» J. 20 3.1S IJO 114 LWJ My'M 0-915 oeee oa o.m SSfi NaaakMi Ljatf U7 tJ4 IJ4 ijt E2838E8 OH—<■» OJ« 0.M6 0.M6 1.01 Mhw Mnkflc Mrmli a
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      365 24 IM THE MATTER OF THE ACT, CHAPTER 50 JAKACHNESE RESTAURANT PTE UD (Incorporated in Setgapore) NOTICE IS HEREBY GIVEN that pursuant to Section 296(1) of #te Componie* Ad. a meeting of creditors of me abovenamed company will be Held at 30 Bencoolen Street, Singapore 0718, ii Sio^By, Yuan Room on
      365 words
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  • Shipping Times
    • Article
      Lock icon DAILY FREIGHT
      513 25 Knight-Ridder Reuter ALTHOUGH the. Baltic Freight Index weakened a further 10 points to a seven-month low of 1,955, the news from the market was not all negative for owners. Brokers said it was widely believed Continental fixed Panamax Pride for 50,000 heavy grain US Gulf/China for mid-Ju-ly at
      Knight-Ridder; Reuter  -  513 words
    • Article
      Lock icon Arab shipping company turns in loss for third consecutive year
      281 25 Knight-Ridder KUWAIT CITY The biggest joint Arab shipping venture suffered losses in 1994 for the third year running due to a fall in freight caused by growing competition. But a series of re-adjust-ments in shipping rates slashed the 1994 loss
      Knight-Ridder  -  281 words
    • Article
      Lock icon Dhows still playing vital role in Persian Gulf shipping
      404 25 AFP DUBAI Undaunted by storms, heat and competition from 30,000-tonne steel freighters, thousands of dhows still ply the Persian Gulf in a thriving, centuries-old trade with Arabian, Asian and African ports. From Kuwait to Zanzibar, Bandar Abbas to Bombay, Dubai to
      AFP  -  404 words
    • Article
      MARITIME STOCKS
      316 25 SES '000 Jul 5 S$ Vol CWT Distribution 1.63 +0.02 46 Chuan Hup Holdings 1.15 unch 31 Cosco Investment 1.74 -0.02 5 Cosco Investment A 1.74 Far East Levingston 6.8 +0.1 ,989 GB Holdings Ltd 0.72 Hai Sun Hup Group 0.835 unch 317 Hitachi Zoscn Sing 0.935 -0.025
      316 words
    • Article
      Brighter days for tankers, not so for container ships: forecast
      510 25  -  By Alec Almazan SINGAPORE The worst is over for the world tanker market, but the outlook is bleak for container vessels in the 2,000-3,500 TEU (20-ft equivalent unit) range, said a recently released shipping forecast by a leading Asian bank.
      510 words
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      Lock icon M'sia detains 2 vessels for dumping oil waste
      198 25 Bernama, AP KUALA LUMPUR Malaysia detained two vessels on Tuesday for desludging in Malaysian waters. Early that day, Greek-regis-tered tanker Astro Gamma was detained for desludging about 30 nautical miles north of Pulau Tioman. A navy patrol boat escorted the 368,310-ton Astro
      Bernama,; AP  -  198 words
    • Article
      Lock icon Daewoo shipyard workers strike
      164 25 Reuter SEOUL Union members at Daewoo Heavy Industries Ltd's shipbuilding unit have downed tools in support of a demand for an improved pay offer and better working conditions, a union official said. "We are stopping work for four hours this afternoon and union leaders will decide
      Reuter  -  164 words
    • Article
      Sembawang delays opening of Karimun shipyard
      308 25  -  By Rahita Elias SINGAPORE Sembawang Corp's Karimun shipyard will open a couple of months behind schedule but with double the docking capacity planned. A Sembawang Shipyard spokesman said yesterday a licence to operate the yard had been obtained. But it would not start operations
      308 words
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      Lock icon Greece dominates in second-hand bulker transactions
      284 25 Knight-Ridder ATHENS Greek shipowners are expected to continue brisk trading in second-hand bulk carrier tonnage as the outlook for the world freight market remains good, shipping business sources say. So far this year, Greek firms have handled some 40 per cent of all second-hand
      Knight-Ridder  -  284 words
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      Lock icon Greek lines launch new ferry in fight for lucrative route
      238 25 Reuter PIRAEUS, Grecce Greek shipping lines Strintzis and Minoan Lines are launching a new high-speed ferry on Saturday to link up with Italy in a mounting battle for the lucrative route despite recession and a drop in tourism. "The Aretoiisa
      Reuter  -  238 words
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      Lock icon China expanding its share of world dry bulk, container trades: report
      409 25 Lloyd's List LONDON China is set to exert even more authority than it already impressively wields in the world dry bulk and container shipping trades, according to a report published by Drewry Shipping Consultants. Drewry's report, "China and World
      Lloyd's List  -  409 words
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      Lock icon Pitfalls to avoid in ocean chartering
      984 26  -  It is an arcane field that can be difficult even for experts. Robert Mottley reports Robert Mottley American Shipper AFTER chartering a ship to haul cargo from the US to the Persian Gulf and India, the shipper was outraged to learn that the cargo
      American Shipper  -  984 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      330 26 P»ge •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrenktel 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 Bright Express 6 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho
      330 words
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      THE SHIPPING GUIDE
      10738 32 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 number refers to the location of the schedule advertisemeni ETA ETA Advertiser Vessel Voyage Pg SIN OM'. Nam. Name N». No. A
      10,738 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        597 37 Voy Kb Berth AimaI Pepartae -Jurong Port Auta Seraya AS/11/95 J2 alongside 06.07/2000 Batam tndah N209 J12 alor«side 06.07/2300 Bintan Mulya *****6 J1 akx*s«Je 06.07/2300 Bonanza 9507 J2/3 alongsrte 06.07/0700 Chilean Express 001/95 J6 alongside 06.07/1200 Dm Guna 07/01/95 121 alongside 06.07/2300 Ganti Hao 2/95 18 alongside
        597 words
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        CONTAINER SCHEDULES
        1442 37 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Bjiancc RjJh Sep Voy Ho Etb/Btr Period From To Frew Aa Clover 002A 08/0700 4 06/1200 06/1159 06/1700 Ac* Daisy 067A 07/1630 2A 05/1700 06/0659 06/0900 3 06/0700 06/1159 06/1400 4 06/1200 06/1459 06/1700 Ac* Jade 2458 07/1100 IB
        1,442 words
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        COCKETT BUNKER MARKET REPORT
        870 37 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        870 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        UN group proposes measures to solve traffic woes in cities
        401 38  -  Singapore singled out for its successful area licensing scheme By Alec Almazan SINGAPORE Cities will have to implement measures such as road-pricing, the restriction of car ownership, and increased taxation of cars and transport fuel, to manage the major problem
        401 words
      • Article, Illustration
        Lock icon Washed out
        60 38 Reuter KUMAMOTO, Japan A train in the Kumamoto area of the southern Japanese main island of Kyushu lying derailed, after its tracks were washed out following torrential rain which hit southern parts of Japan on Tuesday. The rains swept through most parts of Japan, causing 654 landslides and
        Reuter  -  60 words
      • Article
        Lock icon Indon plane gets 192 orders
        157 38 AFP JAKARTA Jakarta has so far received orders for 192 units of the first Indonesiandesigned aircraft, the N-250, president director of the Nusantara aircraft industry (IPTN) Yusuf Habibie said yesterday. "Orders now already number 192," Mr Habibie, who is also research and technology minister, told
        AFP  -  157 words
      • Article
        Lock icon City airport plan aimed at easing congestion at Sepang, says Ling
        276 38 Bernama KUALA LUMPUR The plan to convert the Sungai Besi Royal Malaysian Air Force (RMAF) station into a city airport is to reduce possible congestion at the new Kuala Lumpur International Airport (KLIA) in Sepang, a minister said yesterday.
        Bernama  -  276 words
      • Article
        Lock icon Passenger, freight volumes at Frankfurt airport up
        253 38 Bloomberg Business News FRANKFURT Frankfurt Airport, continental Europe's busiest airport, said the number of passengers rose 7.9 per cent and freight volume 8.6 per cent during 1994, offsetting the loss of US military flights at adjacent Rhine-Main Air Base. Rising demand for civilian
        Bloomberg Business News  -  253 words
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        Lock icon BA complains inquiry into Heathrow airport expansion being held up
        270 38 Reuter LONDON British Airways pic has complained that the inquiry into whether a fifth passenger terminal can be built at London's Heathrow airport is already running well behind schedule after just six weeks in session. BA chairman Colin Marshall said
        Reuter  -  270 words
      • Article
        Lock icon Japan puts up 200b yen for studies into third Tokyo airport
        311 38 NYT TOKYO The government will commit 200 billion yen (553.28 billion) in feasibility studies for construction of a third airport in the Tokyo area part of nearly 4 trillion yen to be poured into airport programmes over a five-year
        NYT  -  311 words
      • Article
        Lock icon Transport deaths in US up 0.9%
        224 38 NYT NEW YORK Transport deaths in the US rose to 43,134 last year, up by 384, or 0.9 per cent, from 42,750 in 1993, according to a preliminary count by the National Transportation Safety Board. Highway and street accidents contributed the biggest part of
        NYT  -  224 words
      • LOG BOOK
        • Article
          Lock icon KLM's new cargo flight to Jakarta
          93 38 Bloomberg Business News AMSTERDAM KLM Royal Dutch Airlines said it opened a new cargo service between Amsterdam and Jakarta on Tuesday, together with state-owned Indonesian carrier Garuda. The route will be maintained, once a week, with a Boeing 747 rented from US cargo carrier
          Bloomberg Business News  -  93 words
        • Article
          Lock icon Air India to take US$100m loan
          113 38 Bloomberg Business News NEW DELHI Air India, the country's international flag carrier, has arranged to borrow US$lOO million (SSI39 million) from the Industrial Development Bank of India and the Industrial Credit and Investment Corp, company spokesman Jitender Bhargava said. The short-term borrowing is to
          Bloomberg Business News  -  113 words
        • Article
          Lock icon Sabena takes on more pilots
          75 38 Reuter BRUSSELS Belgian national carrier Sabena said it had been forced to employ more pilots because of a big rise in passengers on its European routes in the first six months of the year. In recent years, Brussels airport has become a hub for passengers
          Reuter  -  75 words
        • Article
          Lock icon Cuba plans new airport terminal
          105 38 Reuter HAVANA Cuba, seeking to boost tourism as a key foreign exchange earner, plans to build a new passenger terminal at its international airport in Havana, official media said on Tuesday. The Cuban news agency Prensa Latina quoted a report by the Civil Aviation Institute
          Reuter  -  105 words
        • Article
          Lock icon Airline hit by life-vest thefts
          79 38 AFP SHANGHAI A Chinese airline in southern Guangdong province has resorted to installing anti-theft alarms on its life vests to save them from being stolen, a newspaper reported yesterday. The Wenhui daily reported that Southern Airlines Co took the action after sufTering losses amounting to
          AFP  -  79 words
        • Article
          Lock icon Truck rams jeepney, 6 killed
          95 38 UPI MANILA A wayward 10-wheeler truck rammed a passenger jeepney near Manila's international airport yesterday, killing six people and seriously wounding another, police said. Authorities said all the jeepney's passengers were thrown out due to the impact of the collission. Police are now seeking the
          UPI  -  95 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1517 38 AIRCRAFT ARRIVALS DEPARTURES atf mm m mm n» Ma MaM GA895 0060 GA985 1215 GA975 1335 ***** 1506 IMM QF06I 1930 QF062 2055 ***** 2066 KL843 0455 KL838 2300 SQ025 0650 SQ026 2355 GA975 1335 turn 1480 Htmm SQ347 06S5 ImMmi SQ286 2040 SQ288 2045 MhpM BM21 1105 SO182 0915
        1,517 words
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      1261 26 r NmmAmmcA i i ordestinations I i north america i bWECT CALL. TO WEST COAST QOQ WBT CO***" OF QEMTIM& AMERICA P*ABQABfTA SERVICE) H w» |*w|m»|mai| u |om |va|sm mi m»| ok| m |mcoan msa \wi\m ctuMA|iA» ummbolaomtu|smmaap|*ama»| Iww I iosmhmb trVT TT*« «s/n "j™ gig »Z \mZ\ ££22» Z
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      235 26 Lines and services represented by Members of the Registry of Accredited (?Eon* Shipping Agents, Singapore National Shipping Association. X:— For advertising enquiries, contact Shipping Times. Tel 740-2089 f\§Ppt PORT \gj|- SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BusmessErrx§ Til •/il. §Tm jti iKH
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      952 27 WHOLESALE CENTRE, BLOCK 1. #03-10 SINGAPORE 0611 aOOKINQffIiauiMCS CR NOs 10MM*****W TEL: *****66 (12 LINES) FAX: *****16/*****23 TLX: R*****0/***** F66HIP vosa vot sum sum kstvujion SMUT IQ/t5 12/07 14/07 FUJU/PUiMIAN6 NBDIMI |/95 12/07 14/07 PONIUMX/Udll! SU» ROW i/» 17/17 19/D7 nNQiU/MANG GUif DAOUO 9/95 iron 07/17 JMEMn/PWMMG emfSUUAN 4/95 01/07
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      1575 27 I PAQRC SOUTH WIST EXPRISS (DIRECT) VBSB VOY SXFTA SMETD LAX OAA |01 MBO COL j MOU NYC MOO DAt AUIGAIOKTMUMPH 44A M/ 07 07/07 23/17 24/17 g/07 24/07 ~2t/Q7 27/07 77/97 »/07 01/M~ GOMgWMHMCTONM MA 13/17 14/07 30/07 01/00 02/ M 01/00 03/10 M/M N/00 07/00 MflT| Aiixwuoorax *u
      1,575 words
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      Page 27 Advertisements Column 3
      760 27 HANJIN SHIPPING 1HIVB» WT IM I ppnpvßsa at tw I ml mavtssa vor «aw lunawa w 1* u 1 wTI "M l l'*W IWW Inm m/m |nm iw—wgw isa I m/ 87 Ihwbui »g~ i*/w ii/m um IW» Inm Inm 1 m—mmm n« lu/i;Uwwags tm iim \t/n nm T '//H
      760 words
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      726 28 WSSEI VOY HAM fDAM ANT l)M SIQH P KBJMG SIN HK6 (AO IYO SM KOK AA6 mtaaaFitss ?v?74 ivt m 1 \vi in \\n lj/T~n/i un ~W BBSHUAA 10/424 17/4 15/4 14/4 71/4 70/4 1/7 lfl/7 13/7 17/1 11/1 mow6smfaEgttss rum ?i/4 m 74/4 ?s/4 u/7 \in 20/7 vn w
      726 words
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      1336 28 I NORASIA I VESSEL VOY am ALG LAS BCL VAL MAIN BRE ROT ANT FEL LHA NOR HON6KON6 M 27-3 1W HM MR7 HM VM KM MM MM VM M 47 MV NOR SHMUAH K2S-3 IM7 MM MM MM MM IZM IJM MM 14M ISM 17M SL MOTIVATOR SZ9W 1647
      1,336 words
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      Page 28 Advertisements Column 3
      633 28 JAPAN/HONGKONG/STRAITS REGULAR SERVICEJ LOADING FOR PORT KLANG/PENANG vara vor store t suoang fb pbi i TAYASAM TUJUH 15 SLD MPT PWEMMBHT «2 INPT 17 JUL WJuT"! SELECT A > IWPT MM WHITt HAKUYO M VML W JUL H Slim SKY II MJUL 11 JUL AHCLO muutct 5 lIJUL iijul KALLEN
      633 words
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      1337 29 Amg STRAITS SHIPPING PTE LTD 10 Hoe Chia*| Read #11-01 Ktpptl Towers JULMK Siaiepere 0208 Tel: *****88 F«: *****17 M j; W1 >1A hHJ :M! UJ MWifCT-EW new quinba pacific line a —ft W4 44^44 4 U ~s?® jgftgEP (A SERVICE OF CHVtA NAVIGATION CO) CARGO OU€ SAILS TKZfir^ C
      1,337 words
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      1964 29 F&O Containers (Singapore A9BBdm} r iirnniiMiiinr 10 Hoc Chiang Road, #07-01 Keppel Towers, Singapore 020# First Class Connections WORLDWIDE Te,; 22s 2233. ieie* rs ***** pnocsp Fax: 22s 5327/222 7517 CR Number *****9 *****Z .I, ..T 0 vcaan. WOY I«*n6 Sm sou a*t aor nam oot m lch 1 MARSTAL
      1,964 words
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      1129 30 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM HOG THP ANW LHV LHV ANW THP HBG ROM P*L S6P E. REFINE RW-001 IH 1/« 2W7 2/« I. GIFTED RE-MO 19* 1U 1M m til IVT WI E GENERAL RW-842 1»/7 »/B 7/8 9/8 7* E. GENIUS RE OM 74* iM W M IV7 tI/7 E
      1,129 words
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      792 30 PERSIAN GULF SERVICE WMa *> Y W V MU OMN MH KWT 6A6 UMCTOWN 066-025 M 06*7 IM7 IM7 2M7 21*7 21*7 21*7 UMCONCfRT 0356-017*1 17*7 27*7 2M7 M) 3M7 30*7 30*7 UM CONCORD W«W 26*7 06.T) 06.W "o* o&* UM COMMA 03SM23N 03*1 13*6 14*6 IMB 16*0 IM6 ALIO
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      Page 30 Advertisements Column 3
      616 30 S^^^wSSSSdmamneaoSSesmSPTEWOl TEL: *****33 (12 UNES) I FAX: *****15/*****03 «J TELEX: RS ***** RtSHIP (3 Unas) *j CR NO: **********0E 1 ETHIOPIAN SHIPPWQLIIIEr!! f (National Lines of Ethiopia) J ACCEPTING FCL AND CONVENTIONAL Vaaael Voy ETA Loading for Sport) 44W8 21/07 Atoyot 41WB 06/09 I Asaafa, Maaaawa H KIEN HUNG LINE
      616 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1844 31 WEEKLY 10 south africa east COAST SOUTH AMERICA SlfMnrtt Btntrtl Aff«/i Til IBliiril): tHIU* Sllll/tll»l*t A/tic, Otfl COSTAR SHIPPING PTE LTD r &i%E2'&22l m ?tI!S cmuomtm- 0,.r»,.. c..,„..r "w;" I U«ftu in #f 7-M COSHIr CwwUmil Willi 0/0. WM/N CMrMflull tttfTtt MUMThSi CH Kj: 11T»7$mt»H Fll TtUtM IrtHllttlw OmlMini (film
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      Page 31 Advertisements Column 2
      861 31 —^mmm^^—wmm^^^^m^^ I HEUNG-A SHIPPING (KOREAN FLAG) I rouy COWTAJNERIZH) SttVIQ l coNVßmomu. SaVKE I MP«IAS¥C |l« MB iSW I JKT |W»[m|WC W/W |WB IWO ISW IMT I»T IWM [WB GLOMAI 01/07 04/17 11/17 14/07 17/09 10/07 19/07 MO-4 POMS SOW 24/94- MZL JMZ UZiZ H/IL GMI-OVLSMW 04/07 11/07 15/07 17/07
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      Page 31 Advertisements Column 3
      665 31 jjg FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT UNE; *****33 (30 UNES) GOTHENBURG/SCAN 10/07 ROTTERDAM 10/07 AARHUS/COPENHAGEN 10/07 HAMBURG/BREMEN 10/07 MARSEILLE/FRANCE 07/07 FELIXSTOWE/UK 10/07 BARCELONA/SPAIN 12/07 LEHAVRE/FRANCE 07/07 GENOA/ITALY 08/07 ANTWERP/BELGIUM 07/07 LOS ANGELES/WC/IPI 07/07 SYDNEY/MELBOURNE 11/07 NEW YORK/EC 07/07 FREMANTLE7ADELAIDE 06/07 VANCOUVER 07/07 BRISBANE 06/07 TORONTO/MONTREAL
      665 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1106 34 I VESSEL VOY SUN JKT [VESSEL VOY S** PEW > I*l nillll( p I mrt t— l 11/7 BUNGA SEROJA 5085 Thu In Pt Frl 07/7 :W I VESSEL VOY SIN BKK Zl~ BUWOA SEROJA YANTRA BHUM 92N Thu lln Pt Sun I 09/7 WANA BHUM 283S Thu W7 Mon
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      Page 34 Advertisements Column 2
      916 34 79 ANSON ROAD, •21-01, SINGAPORE 0207 TEL: *****92 FAX: *****87 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANQ I PENAWO vtua voy I siw pki B vessel VOY SEA LAUREL 402N 06Q7THU 07/07 FBI B XOURJAYA I 95C08 2ZSL3L EAGLE MOON 091 A 06.07 THU O&O7SAT B I.HQT% I 5039 QjWSUjI
      916 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      672 35 MYANMA FIVE STAR LINE W (Myanmar National Line) w Loading for Yangon (Rangoon) S pon P.KIg PEN P Gdg OURANIAVIW SLO MYOMA YWA VIS6W 10/07 PATHEIN VI33W 15/07 MALAYSIA AGENTS: BOUSTEAO SHIPPING AGENCIES KUL: TEL 62-03-*****60 PKL: TEL 02-03-*****01 PEN: TEL 62-04-*****02 PGO: TEL 02-07-*****21/4 taA NIGERIAN NATIONAL SHIPPING LINE
      672 words
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      Page 35 Advertisements Column 2
      1058 35 ADVANCE CONTAINER LINES (PTE) LTD i\ 1_ I Z 140 CbcM Street PIL BuNding, Singapore 0109 TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E SANOKOK JAKARTA (iidlmyAfediioWT. t WW Aymoarnr tmah and 1 vma. voy m «kk mn vwa vor «n *r sn MBtflMflM awn? 11/y to
      1,058 words
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      Page 35 Advertisements Column 3
      837 35 IcR NO 1 **********Z VEBSELS *21 LE HAVRE HAMBURG THAMES ROTTERDAM AWTWP»» 11/07 01/06 oaws osw s*oe oroe T VILLE DE CAPELLA WW 18*07 06/06 10/06 12*06 13/06 14*06 VIU.E DE ÜBRA LIOW 25/07 15/06 17/06 19/06 20/00 21/06 VILLE DE NORMA WOW 01/06 22/06 24/06 26/06 27/06 26/06 •ALSO
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      Page 36 Advertisements Column 1
      824 36 AFGHANISTAN M&M Afghanistan Ltd., ■kJH Hairatan, Torghundi, Islamqala (Doqharun) ■wiCXiTI C.1.5./RUSSIA: AJma Ata. Ashkhabad, Baku, Dushanbe, I Milder A lli irirh Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow. Minizer a wuntn Novosotnrsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny International Forwarders, M 0 Ulaan N Korea; Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST
      824 words
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      Page 36 Advertisements Column 2
      545 36 lAjU mn container LINES, INC I Agents: MAC-NELS SPORE: *****22 (24 LINES) I "IVy V•* J CWMOHMBrmOM SIBU (084) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (682) *****67 MANILA (632) *****61 P. KELANG: (03) *****77 JAKARTA; (21)*****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKK GENOA/EUROPE I m PW- SIN 5
      545 words
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      Page 36 Advertisements Column 3
      326 36 EASTERN CAR LINER LTD. STRAITS/JAPAN/STRAITS SERVICE MULTI PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS rt* I FTA 10A0MCKM VfSSfl VOT SIM PI ww-wrv. ONANGISIft S3 M/ 7 lANGKOC 12/7, HO CM NNM CTTT KAI nio*o, JAPAN IHNA ROSA I 00/7 11/7
      326 words
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      121 37 REGIONAL WEATHER LEGEND: R Thunderstorm Tenvoture c Shower Weother -V Wind drection with speed in knots Rain Cloudy Sky Wov€ Surface wind* are indicated by arrows which Hy with the wind One ful circle represents cotm or light and vonabte wmds One half fWche represents 5 knots L— One ful
      121 words
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