The Business Times, 14 May 1996

Microfilm: NL20599
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet- http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, MAY 14,1996 85c
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  • Article
    MARKET SUMMARY
    54 1 OaL«( +15.22) IViroBD Unau? (+4.44) D SSt+9.s9) H wnxmooD: > mip IIBMBB Moed*y Cfcaage KL8EC0MP llOJt +196 NIKKEI *1171-82 4MM HANG SENG 1074&M~..+148.27 SET INDEX MMjM +U8 JAKARTA COUP. C1.4S _..+121 MANILA COUP J 117.66 TAffBWP-. .6127.19 -18.58 SBttRjiQpMP. i +8.09 O8A0BNAB 740J8 -8.78 /CBMUAM ffiU 4i 1pa
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  • Article
    FINANCE
    51 1 Hmmhwhs |rt U8» St SBf -.rriTsig.'z...t w WB! MB .9J17 Jflfe. 9JM MIS ML. MII tJM BBd WfUH M Mtt AM m tfain 8BWAP0RE* 6.44 KWLAUTIfPUR AU JAKARTA 18.00 MNHDK 1175 MANILA 14.50 BONOKONO 8.75 TAffB AM TOTO 1^75 Tawr.:,, jl«O w# WB ZZZlS **m»rf<flHtai -Ftatf —Oatoi>—fcteiwrtrrtf (Source: NatWest
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  • Article
    Govt raises growth forecast to 7.5-8.5%
    717 1  -  But momentum expected to slow after 10.7% spurt in first quarter By Anna Teo [SINGAPORE] The Ministry of Trade Industry (MTI) has raised its 1996 economic growth forecast by half a point to 7.5-8.5 per cent, following a broad-based 10.7 per cent kickstart in
    717 words
  • Article, Illustration
    New MSCI index stocks set to attract US$300m
    519 1  -  US$2SOm likely to be invested in Sing Tel, says Goldman, Sachs By i Genevieve Cun [SINGAPORE] The eight new stocks to be included in the benchmark Morgan Stanley Capital International (MSCI) Singapore index are likely to attract US$3OO million (Ss42o million) worth
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  • Article
    Market languishes as Q1 figures fail to inspire funds
    323 1  -  By' Ven Sreenivasan [SINGAPORE] The better-than-expected first quarter economic growth figures failed to inspire funds to buy into the market, resulting in Singapore stocks continuing to move sideways in quiet and listless trading. Analysts said the current market, where price gains
    323 words
  • Article
    Bested by the economy
    738 1  -  It looks like a lot of analysts will have to bump up their numbers, says VDtarmm Vikram Khanna [I HE economy's done it before U and it's done it again: sent It H economists scurrying to up S i the numbers in their spreadI 1H sheets.
    738 words
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      93 1 mmm Anxiety is sapping the Nikkei. Is relief in sight? Py 9 luwiyiiPß OBOMm, thispg. Amount looks to Imwb ahrw* m 17. Hefte keeps changing, so |®rospectofthe coQpmy is not easy to assess. ratllMMltMk 9mm, pg 17. Will make the |ttJE even more exciting than the SES. Singapore banks ahmiiri
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      14 1 More reports, Pg 2 Manufacturers moderately optimistic; Commerce sector expects slowdown; property market seen
      14 words
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      Page 1 Advertisements Column 3
      116 1 Like lather. Hki» son. A Following in the footstep* of DHL'* Jumbo Box comes lb* new Jumbo Junior. k > For shipments up to 10kg, ike aew Jumbo Junior offers mum day pick up, custom* clearance and door-to-door delivery for jut $98 to anywhere in Asia, 1148 to North America
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  • SINGAPORE AT HOME & ABROAD
    • SURVEY Snippets
      • Article
        GDP amounted to 26.5b in first quarter
        54 2 GROSS domestic product amounted to $26.52 billion in the first three months, ia7 per cent higher year-on-year but down from J28.8 billion in the 1906 final quarter. In seasonally-adjusted annualised terms, GDP was 137.11 billion in the first quarter, up 12.3 per cent
        54 words
      • Article
        Adjusted annualised rate higher at 12.3%
        105 2 THE seasonally-adjusted annualised GDP growth rates— where output is compared against the preceding quarter ratherthan the ytar-ago levels—show up the growth momentum. The first-quarter IX3 per cent rate is reassuring after the 2.6 per cent of the preceding quarter. Similarly, the adjusted and annualised
        105 words
      • Article
        Composite leading index down 0.4%
        55 2 THE composite leading index, which leads economic activity fbr about three quarters, dipped for the second consecutive quarter. The drop was 0.4 per cent, with five of the nine index components diving. The four items which rose were money supply, stock prices, company formation and
        55 words
      • Article
        Private consumption growth rises 7.3%
        62 2 HIGHER private spending boosted domestic demand in the first quarter. Festive spending helped push private binge, plus a surgeinprhrate investment and an increase in stocks, drove domestic demand up by 19 per cent In the quarter, and raised its contribution to GDP growth to 34
        62 words
      • Article
        Most new jobs from construction sector
        8 2 a ngnoamin^y^^
        8 words
      • Article
        productivity
        1 2
        1 words
      • Article
        lower
        27 2 fshe first qtiifcAn'oni $&2 billion In chiepartlyttf»«m«llfir capital aeeototrecohtodaanudler outflow with a billion during thftquartMb J The noiwibnetary capital account reflected a strong" otttflgwofofflctollonfrtMtolUflfßluvfsliiMmts 5* i#;,
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      • Article
        Lower unit business cost index
        15 2 THE indoxoftiwioaiiufSßM^turtQ^sQ^tlNr **•*l* v'w, s *#.<■ mM**>- i *>>$** *s* > STOMM*?.- gw
        15 words
      • Article
        Foreign
        43 2 88 par cent Of the garacorecl in ffotbt&M 'Hi'" <»' ißiiPlilii uiimliunl 11m lii|i In imiiilni milli (x>nmiitmfollowed l^Europ^Mn^i wrtlHiiw) electronidf attracted melaDc of the commitments. The local investment volume of $237 million was 35 per cent lower than a year ago. .1
        43 words
      • Article
        Foreign fixed asset investments
        68 2 ABOUT 70 per cent of the $602 million fixed assets investment commitments in the services sector came from foreign investors, mainly Japan and Britain, and largely ii communications and the setting up of operational headquarters (OHQs). The bulk of the $821 million committed to total business
        68 words
      • Article
        Asian $ market growth eases to 7.6%
        52 2 Asian market growth eases to 7.6% Asian Dollar Market eased to TSpler cent intibeflrtt* quarter. Loans to the non-bank sector grew an average 15 per cent in January and February but only 5.4 per cent in March. Growth of Interbank loans eased from 10 per cent last year to &2
        52 words
    • Article
      Rover distributor 550 cars of 620-series
      248 2  -  By* Christopher Tan JUST tbfee days after Nissan initiated a global product recall, Rover distributor IntraMotors said yesterday it will be recalling about 550 of the popular 820-series, in tandem with a worldwide exercise involving 21,000 vehicles. The problem involves a possible loose mounting
      248 words
    • Article, Illustration
      Manufacturers moderately optimistic
      336 2  -  IST QUARTER ECONOMIC SURVEY Bnt sentiment is not as bullish as for same period a year ago; price competition seen as crucial factor Reports by' Teh Hooi Ling MANUFACTURERS in Singapore are moderately optimistic about business prospects for the six months ending this September, an Economic Development
      336 words
    • Article
      Commerce sector expects slowdown
      193 2 THE commerce sector expects slower business for the six months from April to September. Of the companies surveyed by the EDB, those which see business worsening outnumber those which expect improvement by 4 per cent A net balance of 6 per cent of wholesalers expect better
      193 words
    • Article
      Weaker residential property market seen
      201 2  -  By Anna Teo SENTIMENT in the residential property market appears to have weakened, though that for the office property segment is still holding up well, a Ministry of Trade Industry official said yesterday. She was elaborating on the ministry's latest business expectations survey, which shows
      201 words
    • Article
      Suzhou Park: first tender will be decisive
      389 2  -  Future s&tastf coinmeraalJMLiißC jfpimj w ontSniS if first sale By] Mischelle Low FUTURE sales of commercial land in the high-profile Suzhou Industrial Park project will depend on the outcome of the first tender, said a project official yesterday. "We are going to test
      389 words
    • Article
      Chinese consortium elevated to state class
      311 2  -  By] Lu Ning THE Chinese consortium that is developing the Sino-Singa-pore Suzhou Industrial Park with its Singapore counterpart has been elevated from what was originally a provincial and city group to a statelevel consortium, in a move which underlines the high-lev-el Chinese commitment to
      311 words
    • Article, Illustration
      Lock icon Yeo says 'no' to buy-local policy
      486 4  -  Trade minister rejects marmfactiu'ei'a cull for the govt to encourage firms here to boy local products By Teh Hooi Ling THE government should encourage Singapore companies to buy locally-made products as more companies design and develop new products, local manufacturers said in a dialogue
      CHRIS LOH  -  486 words
    • Article
      Power plant for Viet industrial park
      354 4  -  Fromi Chuang Peck Ming in Ho Chi Mink City SINGAPORE'S flagship industrial park in Vietnam, which will hold its ground-breaking ceremony this morning, has been given the green signal to build its own power station while its management board can act as a one-stop
      354 words
    • NEWS Roundup
      • Article
        Lock icon US WITH
        5 4 The Straits Times
        The Straits Times  -  5 words
      • Article
        HDB
        1 4
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      • Article
        IT
        25 4 official transfer of the Informal Institute (ICI8) to Nanyang Technological University. I&S to a collaboration between NCB and U8 telecommunications giant ATAT. r T ':'•< **'< <•
        25 words
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      328 3 B REITLING 1884 -}.v Vf J J v--, v p-Ss'j- ifii "?y^f- > 'it"--" l v^^ fffi* «M^" *M* i> |lfct' V ''tijftffilf V :v S '■i'jfiM, s .-i"A|-' c Q'jd t'- "flfa '"fl 1 ruDnMAUAT Selfwinding mechanical chronograph CHRONOMAT /^KSK>|b calibrated to Vsth of a second. At a time
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      352 4 202 KALLANG BAHRU Bf"' 1 8-storey light industrial building Excellent industrial location EgfijE j Close proximity to City Centre, w wiflm Land area: 10.084 sq m 108,503 sq ft) I f\ GFA: 20 2 S< l m (218,498 sq ft) > Tenure: 60 years leasehold from JTC w.e.f 16.01.1981 T\/
      352 words
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      Page 4 Advertisements Column 2
      294 4 J I bmi Legal description: MKI6 Lot 32-6 Leasehold 999-year w.ei 7/6/1884 I Ideal for development of dwelling houses up to 3-storeys on the site WP granted for 3 detached bungalows and 14 semi-detached houses \*(SKV\ Land Area: 5,4405 sq m (or approx. 58,561 sq ft) Offers peaceful living dose
      294 words
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      25 4 THE Finest Scotch Whisky ttwßnft »^li.i Harbour View Serviced Office I LeveliBl AnsonßoodShgoporeo799o6 M: *****35 Fax:*****38 H I *Kalet subject to 3% GST. r fl
      25 words
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      214 5 tPhß^oS^^t'^ regyg^i^psv v r in v '4«2*f~SljN. w v<. il|j?TL Vv. l9ullLH^^BPllliHß^«^ll^liil^^H«l«i^H^^npP^ 111 Mill jffg #J|MhH|H^| ll9H S^^v 7<:V i r ,-4" .^^Mp||^ k .-HP I m> f'^l^^^BßßH^B,. Tiw" -ff r"T. J o 1 1 V'» tJK'» vJ<V. 1 l'J- •.**w»» l z r*. As sure as Singapore's position on
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  • FOCUS: PROPERTY
    • Article, Illustration
      Exec condos:A question of price
      680 6  -  THBPBOPHRTY COLUMX It may be difficult to keep prices to a $466t0 $611 psf band By Lee Han Shih IF EXECUTIVE condominiums are meant to serve as the in-between class of public and private housing, it might be difficult for them to be sold within
      680 words
    • Article
      Lock icon HK housing in hands of just a few big boys
      326 6 Crammer My flwno mothedi mod are anti-competitive South China Sunday Morning Post [HONGKONG] Hongkong's residential property market has become concentrated among several big developers, the Consumer Council claims. The consumer watchdog's study has found that not only do a few
      South China Sunday Morning Post  -  326 words
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      97 6 Prime Freehold Industrial Development Site FOR SALE BY TENDER Location Tagore Ave. off Upper Thomson Road. Near to Ang Mo Kio and Yishun New Town. /y trrc Legal Description Mukim2oLotl27B Land Area Approx. 143,310 sq. ft. Tenure Freehold S^s^Hrprte* Master Plan Zoning Industry Tender Closing Date 3pm, Wednesday 12 June,
      97 words
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      Page 6 Advertisements Column 2
      35 6 Homely bungalow with inground pool set amidst luscious greenery and vast 39,700 sq. ft (approx.) land for sale. To enquire, call Exclusive Marketing Agent: m KESTREL PROPERTIES PTE LTD Tel: *****23 ext 66 9 *****42
      35 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon New deregulation measures next month
      411 7  -  nrocnnwui summit SakartacOMntry will pursue debnreancratisation Reports ty S N Vasuki in Jakarta INDONESIA yesterday reiterated its commitment to deregulation and officials emphasised that a new package of measures to be introduced next month would be a continuation of this process. They added that efforts
      REUTER  -  411 words
    • Article
      China not worried US won't renew MFN, says Zhu
      307 7 SMhaiwTCwffllke aduuervicetoDS bwiiMSses Yice-PM CHINESE vice-premier Zhu Rongji yesterday said that he is not worried about the prospect of the Clinton administration refusing to renew the country's MFN status which lapses next month. "Such a move will be a disservice to
      307 words
    • Article
      Lock icon Confiscated: US$43m of Tansil money, properly
      136 7 JAKARTA AFP THE Attorney-General's Office has confiscated about U5542.7 million (5159.8 million) worth of property and money belonging to bank swindler Eddy Tansil who has escaped from a high-security jail here, reports said yesterday. Deputy chief attorney Yunan Sawjji was quoted by the Antara
      AFP  -  136 words
    • Article
      Suharto's son defends national car project
      294 7 PRESIDENT Suharto's youngest son, Hutomo Mandala Putra (Tommy) yesterday defended Indonesia's controversial national car project that his company is pursuing and said that the venture would be able to meet local content requirements of 60 per cent within the stipulated three years. Mr Hutomo,
      294 words
    • Article
      Lock icon Widening current account gap
      138 7 JAKARTA Reuter INDONESIA said yesterday its current account deficit was projected to rise to US$B.7 billion (5112.18 billion) in 1996-97 (April/March) from an earlier estimate of US$6.9 billion. Coordinating Minister for Economics and Finance Saleh Afiff said the country would need about US$5.3 biUion in international
      Reuter  -  138 words
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      19 7 ol 1900-913-00^3 !«L?° €e "T* Stock nuiM>ers are j ayailableyi the stock pages of The pusiaess\imes and LianlA Zaobao."
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      30 7 Ik yj Sk r^- v .<<-% -<■ Mmm, j^ I o^l ~f A I^HHHi -ir *^rww •f» ;^^Kw^^^P^L/'^^^BIBIIIBBBIBfiBIBI^^H ial.»i- rt*wlßr j( :^H^ >'\ 9 V *fcv„. niv bV The food of Asia Asians
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Interior provinces in China get more authority
      412 8  -  SINGAPORE Mm aimed at reducing gap between coastal provinces and the interior By Lu Ning CHINA has unveiled a new package aimed at narrowing the gap between its interior and coastal provinces. Under last week's package of preferential policies, its vast interior will
      412 words
    • Article, Illustration
      Lock icon Stand up to China and defend freedom, Chan tells businessmen
      325 8 HONGKONG She says Beijing does not understand that HE'S political system is crucial to prosperity Reuter HONGKONG'S most senior civil servant yesterday urged the territory's six million people to rally round and strongly defend their rights and freedoms after the
      Reuter  -  325 words
    • Article
      Lock icon China move may affect world aluminium supply
      213 8 HONGKONG Reuter CHINA has bowed out of the world aluminium arena following policy changes that made both importing and exporting uneconomical, a move that in turn could have an impact on world supply, traders said yesterday. "Aluminium (in China) has come to a
      Reuter  -  213 words
    • Article
      Lock icon Eastern Express turns into business paper
      162 8 HONGKONG AFP HONGKONG'S newest En-glish-language newspaper announced that from today it would become a "business-ori-ented newspaper". Dozens of journalists turned up for work yesterday only to be turned away as the paper announced it was withdrawing from the "crowded" English general news market. "We
      AFP  -  162 words
    • SINO Brief
      • Article
        Lock icon Fixed asset investment growing 17%
        90 8 Reuter [BEIJING] China's fixed asset investment is expected to grow 17 per cent this year, the official CM/wSscarttk* newspaper said ywterrtay. Quoting an official of the State ftnwati, th« nftOTpfMr Mtfajflrnrl HMt investments totalling about 2JB trillion yuan (*****.58 billion) would be suitable for an
        Reuter  -  90 words
      • Article
        Lock icon Jewellery show at the Forbidden City
        43 8 Reuter [BEIJING] A breathtaking, US$l5O million (***** million) Jewellery <»llection went on show yesterday in Beijing's Forbidden City, where China's emperors ruled ft* 800 years and where chairman Mao Zedong declared the birth of Communist China. —/tedtr
        Reuter  -  43 words
      • Article
        Lock icon US negotiator in copyright talks
        55 8 Reuter [BEIJING] US trade negotiator Lee Sands inet Beijing officials yesterday to try to avert a mutti-bfflton dollar trade war over rampant copyright piracy in China, but officials gave no hint ofwhether the talks bore fruit A Chinese trade official said informal talks with Mr
        Reuter  -  55 words
      • Article
        Lock icon I will stay on Taiwan's Justice Minister
        70 8 Reuter [TAIPEI] Justice Minister Ma Ying-Jeou expneeed his desire yesterday to stay on as Taiwan's top corruption fighter, saying inriktmimtsof officials and even jrirlgss shd prosecutors had soarsd under his tenure. The 46-year-old Harvard law graduate has staked his career on battling Taiwan's
        Reuter  -  70 words
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      106 8 Muller the Master has the been so by a for none has a ■■M^l symmetry, renowned Spaceship Car/A at C/pcot Centre; perfectly sphericalgeodesic dome i/tai reflects t/ie passion of a master arc£itect. Cfor {Hose driven oapassion y precision ancf exceptionaldexterity almost as much as t£e *3randJlCaster himself. \/l j^yx TfCuller
      106 words
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  • ASIA
    • Article, Illustration
      Lock icon Rate fears send Nikkei plunging to a month low
      561 9  -  Itokyo Oenflictiiig signals frtm central bank •fficials spark market anxiety Byi Anthony Rowley MOUNTING fears over the outlook for short-term interest rates in Japan sent the Nikkei--22S stock average plunging yesterday to its lowest level in well over a month. The
      Source: Bloomberg  -  561 words
    • Article
      Lock icon Japan's current account surplus plunges for third year running
      343 9 TOKYO 24% drop in line with say economists Reuter JAPAN'S current account surplus, its broadest measure of trade in goods and services, plunged by almost 24 per cent in the last fiscal year, the third straight year it has fallen, the
      Reuter  -  343 words
    • Article
      Lock icon Govt may need to find A$8b to balance budget
      246 9 MCANBERRA Reuter AFP AUSTRALIAN Prime Minister John Howard yesterday warned of the possibility the government could need to And more than AsB billion (Ss9 billion) in savings over the next two years to balance the budget in underlying terms. Mr Howard
      Reuter; AFP  -  246 words
    • Article
      Lock icon Centre-leftist alliance says no to Congress
      290 9 NEW DELHI AFP AN ALLIANCE of centrist and leftist Indian parties yesterday ruled out participation in a coalition government with the Congress (I) party of outgoing Prime Minister P V Narasimha Rao. The decision was announced separately by the centrist Janata Dal (People's Party)
      AFP  -  290 words
    • Article
      Lock icon A widening door for foreign investors
      244 9 SEOUL AFP SOUTH KOREA is to broaden the opening of its economy to foreign investors to clear the way for the country's entry into the OECD, the Ministry of Finance and Economy (MFE) said yesterday. Under the revised liberalisation plan, the government has added
      AFP  -  244 words
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      265 9 fpM -A- B™ w v One System For HHHH Multiple Locattons^^M ■V Free Call lf|Jß jxSM. JBK'l-l'S^i^lrH l ;iiiiy?i"tiH J(r~^^^^^^^Etl r .L uK.^^BUMRB MyjP m !<■»• |Mg^HsH I 9 r B r RrA A r £9 soL .^P <' II >..J1 B M ai I V Iml I v b
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  • THE WORLD
    • Article
      Lock icon Stop squeezing workers says Wall Street guru
      481 10 NEW YORK Warning of worker backlash and govt intervention nnless salaries are rained AFP POLITICAL pressure on industry to end a pattern of massive layoffs may be taking effect Wall Street has begun to criticise companies' efforts to be leaner and meaner. The
      AFP  -  481 words
    • Article
      Lock icon No signs of world inflation picking up: Bundesbank chief
      269 10 BASLE, Switzerland hnproved economic prospects in N America, Japan and Europe Reuter ECONOMIC prospects in North America, Japan and Europe are improving and there are no signs of inflation picking up around the world, Germany's Bundesbank president Hans Tietmeyer said yesterday.
      Reuter  -  269 words
    • Article, Illustration
      Lock icon Among the ruins
      48 10 [BOSNIA] A Bosnian Muslim boy sitting amid rubble next to a minaret in what used to be the Memici mosque, near Tuzlcl This village in the separation zone was handed back to the federation by the Serbs after the Dayton peace agreement last year. AFP
      AFP  -  48 words
    • Article
      Lock icon US near full output: Fed chief
      210 10 CHICAGO Reuter MICHAEL Moskow, president of the Federal Reserve Bank of Chicago, said the United States is near full potential output "If you look at the current environment, our economy is producing now in the neighbourhood of potential output, and I think it's a
      Reuter  -  210 words
    • Article
      Lock icon German workers strike against plans to cut welfare
      301 10 STUTTGART Reuter THOUSANDS of German public sector and postal workers staged warning strikes yesterday to back wage demands and protest against controversial government plans to scale down the welfare state. Public union OeTV said around 1,000 workers in the state of North
      Reuter  -  301 words
    • Article
      Lock icon EU nod for plan to back Russian reforms
      298 10 BRUSSELS AFP EUROPEAN Union foreign ministers yesterday approved an "action plan" designed tq support and strengthen Russia's democratic reform and transition to a market eamoj my. Its approval comes amid growing fears that Russia could dramatically change course after next month's presidential
      AFP  -  298 words
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      1265 10 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 SINGAPORE REINSURANCE CORPORATION LIMITED I (Incorporated in the Republic of Singapore) H NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY GIVEN that an Extraorctinary General Meeting will be held at Hullet Room. 4th Floor. I The Westin Stamford Westin Plaza. 2 Stamford Road,
      1,265 words
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  • FOCUS: CHINA'S INSURANCE SECTOR
    • Article, Illustration
      China wary of foreign competition
      1245 11  -  Foreign firms are finding it difficult to get licences to operate in the Chinese market as a new conservative mood blows through the country By Peter Seidlitz and David Murphy in Beijing THE quesW tion of farther f opening the inf surance and fi- nancial
      1,245 words
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      453 11 Fly ANA Now To Osaka's Blooming Skyhub MATSUYAMA KOCHI FUKUOKA "XT TOKYO (HANEDA) Free Free P light From Osaka so% BH Ib5uS2S2 _-—Mmi/fIV I 111 m^W ANA-OSAKA "CHERRY BLOSSOM" ANA's Super Business and Super Y Class PROMOTION*: 7 APRIL 30 JUNE 1996 passengers are also entitled to the following: Simply
      453 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Mafia-style politics hurts Cambodia
      776 12  -  OPINION THB BOTTOMLDVE By Harish Mehta The writer is a BT correspondent specialising in Indochinese affairs THE three-year marriage between Cambodia's royalist Funcinpec party and the Cambodian People's Party (CPPj is on the rocks. That is not surprising, because it was a shotgun wedding anyway. When
      776 words
    • Article
      IN OTHER WORDS
      111 12 'When I don't take a decision, it's not that I don't think about it I think about it and take a decision not to take a decision.' nwrtriM 1M former Indian prime minister just btfort he lost office. 'A lot of children know who Ronald McDonald is
      111 words
    • Article
      South Africa's charter
      576 12 IF anyone had any illusions that a piece of paper could legislate confidence in South Africa's future, the battering the country's currency took in money markets quickly squelched such expectations. Yes, overwhelming support for the new constitution helps create an impression of a country in sync, but
      576 words
    • Article, Illustration
      Investors must treat Indians as partners
      923 12  -  Industry group wants MNCs U realise that a strong, confident entrepreneurial class already exists intkeceaiitry By] Shaukar Jha The writer, former editor of The Hindustan Times! contributed this article to BT WHEN the Confederation of Indian Industries issued a paper a few days before
      923 words
    • Article
      WHAT THE OTHERS SAY
      428 12 ClwbwMcmyt—t THE case of Eddy Tansil is disturbing. First, it shows that our prisons may not be secure enough to hold some convicts. It certainly will not help to disprove the widespread rumors of "courtroom mafias" directing the dispensation of justice. Thus, the people's trust in
      428 words
  • Page 12 Miscellaneous
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A film bazaar
      713 13  -  Behind the glitter at the Cannes Film Festival is a market which draws more than 2,0(H) producers, directors and deal makers, says aXiAMBXDXMO ALAN RIDING NYT JANASONHuhas brought his film, Moon Lake, to the 49th Cannes International Film Festival, but he has no fantasies about seeing stars
      NYT  -  713 words
    • Article
      Vintage Santana still rocks and rolls the audience
      431 13  -  CONCERT REVIEW Grasp captivate with spellbinding goitar work, riveting solos By Ven Sreenivasan [SINGAPORE] GET out those psychedelic shirts, dust down those bell bottoms, light up some incense and shake your hair loose! Santana is in town, you dig? Well, for a
      431 words
    • Article
      Fearsome technique from a sensitive musician
      320 13  -  CONCERT REVIEW By] Benjamin Loh [SINGAPORE] Prokofiev's Piano Concerto No 2 in G minor is arguably one of the most technically demanding concertos in the piano repertoire. Yet when it was first performed by the composer, it was badly received by the audience. Scored
      320 words
    • Article, Illustration
      Lock icon Trans-Atlantic flight
      834 14 PERSONALITY 0 J*s bad to repair Ins image through* It.ilil if,*,. mtt tsntisD vnii gßts on to a rocky start NYT [LONDON] When sometime movie star Bo Derek refused to be on the same television programme with him here, O J Simpson should have sensed his British revival
      NYT; REUTER  -  834 words
    • Article
      Lock icon Finding a niche in America
      324 14 MAGAZINES Upscale miff limn for Asian-Americans are drawing readers, advertising dollars AFP [NEW YORK] In a challenge to the conservative US publishing industry, a few upscale magazines aimed at AsianAmericans are luring readers and big-name advertisers and devising ambitious plans to expand. New York-based A
      AFP  -  324 words
    • CHATTER Box
      • Article
        Lock icon Acting's trying, says Clapton
        118 14 AFP [CANNES] Rock star Eric Clapton on Sunday rulsd oat any question ofa new career as a film actor as be appeared st tf the Cannes film festival with his latest eoundtrack. He said/the fret that he hesa growing catalogue of fflm scores to his namedldnotmeanhe
        AFP  -  118 words
      • Article
        Lock icon Party animals Riviera
        93 14 AFP [CANNES] Music stars Mick Jagger and Peter Gabriel J were among guests at an exclusive perty just along ths J Riviera from Cannes oo Saturday night, somtseat the film, feetival said. Some 200 people were flown in by special jet from Los Angeles for the perty
        AFP  -  93 words
      • Article
        Lock icon A new Kiealowaki trilogy
        73 14 AFP (C ANNBSIA new trilogy of films co-written by Pott* film IsgwidKriywtrfKieatowskl.whodtodwidrtiinlyofaMagt f attack in March, may yet be made, according to a termer colleague. Speaking at the Cannes film festival, Krxysrfcf Pieeiewta said he was still considering whet todo with fee* half-finished scripts of the
        AFP  -  73 words
      • Article
        Lock icon Bally to stamp out
        55 14 Reuter [ZURICH] The SwisS shoe company Bally, acoosed of taking over Jewish companies salad by thsHstlstlnrtac World War 11, will open its archives to its wartime activittss, according to a iiswipspsr isgfo "TTnrsirrtiiini si 11 mniil> m*nfciia| jM historism, M Wldmsr said in an interview sobUshad
        Reuter  -  55 words
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      Page 13 Advertisements Column 1
      531 13 THE BUSINESS TIMES LIFESTYLE EXCLUSIVE A GIFT OF A WATERMAN IS TRULY A PLEASURE TO RECEIVE. Cjspecialfy wnen it is a soficfgofcfmasterpiece wort A $15,450. TOP MUZ! Man Pen Today, gift giving has become an important worth $15,430. Specially created for Waterman's centenary. is perhaps concern. Because an appropriate choice
      531 words
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      Page 14 Advertisements Column 1
      293 14 Where to wine, dine and entertain Drink Budweiser beer at Hilltop Lounge and you will be entitled to enter a grand lucky draw with attractive prizes to be won, including a FREE trip to Olympics at Atlanta, USA. Hurry! The offer is valid till 30 June 1996. I JiHII 111
      293 words
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      Page 14 Advertisements Column 2
      20 14 ftt Seafood J want It to ta. yirsmMtwetrr 111 I t W2EMCoMfytawy.K|Sfh*rH«pliii IHT4 Td: *****11/3 TheßusinessTimes BINOAPORB Faster. Sharper. Deepo*
      20 words
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      Page 14 Advertisements Column 3
      102 14 A CLOSE LOOK AT OUR CHEFS BEST IDEA YET Choose from the best of Seafood Theatre Restaurant. Tint's 60 of the finest seafood and Cantonese dishes in all! Served a b carte. So aU you have to do is pick for a set. And sip on the freshly squeezed complimentary
      102 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      169 14 thbwbatcbr Stopvorai Showers over many areas overnight Temperature (33-25) teSllJi I ——5SK cEt TSSSESm I ol* iZS 1 S3: >■** WU Omtj Aim WW Snwen IHHhi wm (3 Nk- aw SMjr M I%rn On* (Mem IUM a3f tatay wm nam ha »W Ow*y Rmfihi 27/B M torn* WU Shown C|ii*ipi
      169 words
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      96 15 WHEM TO WINE, PINE imp ENTERTAIN WOHUVS LAHGEST SELUNQ BEER J E j«*>. £%*<*<** -*»b ■COS (Lovelt! HPNir Cioiliirir LONG BEACH MARINA SEAFOOD RESTAURANT (CarPaikAl HmMmm Maiina South Singapore *****1 op«»oaNy :500pm-130am Tel 323 2222 NtmviMmlOMm Hours) Tel: 338 9398 Fax: 338 6398 4 fr Act now ;i before we
      96 words
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      Page 15 Advertisements Column 2
      148 15 /ufiif c of fee house PORRIDGE TREATS FOR SUPPER ADULT Sll.oo+++ CHILD $7.99*++ Sunday to Friday: 10.00pm to 3.00 am Saturday and Eve of Public Holidays: 10.00pm to 4.00 am Ala-Carte available for supper Mi APqUOHOTBI «m km/clock ma i—w»c— mi m nuni mam* ri— —n —n rw main —nrr
      148 words
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      Page 15 Advertisements Column 3
      161 15 Set Lunch Dinner Flavours at Meisan p|§ SslB.9o+++ per person j^ga Ss2B.9o+++ per adult; |jj&l $14.90+++ per child Make your reservations today! g||j Ca*****-7996. jj|P A minimum of 2 diners is required lor aex menu orders. TvmC H SSMBSAN 13 Wffjj UIaCNIAN KSIMHMMT i^n} aroma fuu «m KfiPj eSHk 25
      161 words
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      Page 15 Advertisements Column 4
      197 15 Singapore Business giving you the whining edge j—a— ——m I Where can we bring dinner? Sioga fan, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! i sißsp m seafood restaurant ftfftn innrr
      197 words
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      Page 15 Advertisements Column 5
      129 15 Lunch with a difference at The Mezzanine. Our Sophisticated Sandwiches, with names inspired by faraway places, are a trip in themselves. So ate our quiches, salads and sinfid desserts In the inviting ambience of The Mezzanine, youH indeed havt a most pleawrablc lunch. For reservations please call 131 63W/M. Lunch:
      129 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      571 15 TVARADIO XjM In Living Colour. 1040 Memo. 128 The Tracey Ullman Show. ILOO Tunas Mekar jf L3O Money, Money. Money. iio TorviU Dean. 140 AM Close. jSI 100 How to Succeed in a. ia Adbreak. fMNHNHMNHHMRMIMSHi 3JO The Wind in the Willows. 100 AM The Bots Master. IjOO CNN/ABN. Top
      571 words
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      Page 15 Miscellaneous Column 2
      194 15 CRYPTIC CROSSWORD 7 Broke down when given a -JBL—pBI laudation (7,2) r T 8 Permission to make a bequest (5) 10 Offering to come from the "1^ same country (8) 15 Cheerless rabble turned to assault (7) p| I 1 11 I I I MB I I ll 1 17
      194 words
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  • Cycle & Carriage Golf Page
    • Article, Illustration
      A course not for the faint-hearted
      2185 16  -  There is probably a good chance you will agree with the verdict that Pulai Springs Country Club is tough, says nzgkuus d'CRUZ NICKLAUS D'CRUZ The writer is editor qf The Asian Golf Review NO ONE said that golf was meant to be easy. In
      2,185 words
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      Page 16 Advertisements Column 1
      76 16 For those whose time ha* come, what better opportunity than now to view the new Mercedes-Benz E-Class. See it today or call *****00 (Pandan Gardens) or *****18 (Alexandra) for a teat drive. Mercedes-Benz 1 He ErLIaSS Engineered to move the human spirit. CYCLE CARRIAGE Authorised Distributor for Mercedes-Benz SHOWROOMS PANDAN
      76 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Heshe plans new businesses and listings abroad
      638 17  -  Property development and leisure under study; Benetton outlets in SPpore to be closed By Jenny Lam [SINGAPORE] Loss-making Heshe Holdings has a new growth plan which includes diversifying its Singapore operations as well as proposed listings for its North Asia and Asean businesses.
      638 words
    • Article
      Mobile One signs 70 leases for stations
      208 17 [SINGAPORE] Cellular operator Mobile One has signed 70 leases with building owners so far for the installation of base stations for its mobile networks. Mobile One director (engineering) Mike Brook said the company has finished 15 base stations, with another 50 in HDB
      208 words
    • Article
      Lock icon Stock borrowing and lending rules in June
      193 17 Reuter [KUALA LUMPUR] Malaysia will announce detailed rules for stock borrowing and lending early next month, Securities Commission chairman Munir Abdul Majid said yesterday. The rules, which would facilitate short selling of securities, follow from guidelines announced by the Securities Commission in December
      Reuter  -  193 words
    • Article
      Free small related deals done in course of business
      817 17  -  HOCK LOCK SIEW Tan Sai Siong WHEN the Stock Exchange of Singapore replaced Clause 1010 of its Listing Manual last month with a new Chapter 9A, at one stroke it stopped all the itsy-bitsy transactions between related parties and listed companies
      817 words
    • Article
      Tat Lee expects to meet $1.5b capital base
      373 17  -  It will raise amount via outstanding warrants, profits By Siow Li Sen [SINGAPORE] Tat Lee Bank says it is confident of meeting proposed new requirements to raise banks' minimum shareholders' funds through its outstanding warrants and expected profits. The bank told BT
      373 words
    • REGIONAL COMPANIES
      • Article
        MUI's offer conditional again
        401 18  -  Stake in Pengkalen dilated to below 50% after discovery of enlarged PHB share capital From. Ruth Wong in Kuaia Lumpur MALAYAN United Industries Bhd's general offer for Pengkalen Holdings Bhd (PHB) has become conditional again following the "sudden" enlargement of PHB's share capital; MUI said yesterday
        401 words
      • Article, Illustration
        Lock icon Proton shares in late spurt on bullish rumours
        384 18 Talk includes strong results, boost from weaker yen Reuter [KUALA LUMPUR] Shares of carmaker Perusahaan Otomobil Nasional Bhd (Proton) jumped to a 12-month high in late trading yesterday, spurring a rash of bullish rumours, analysts and dealers said. These include talk of
        Reuter; Source: Bloomberg  -  384 words
      • Article
        Lock icon Securities One profit up 11% in Q1
        87 18 Bloomberg Business News [BANGKOK] Securities One pic, Thailand's fourth-ranking brokerage in terms of market share, said net profit in the first quarter rose 11.2 per cent from the same period a year earlier, to 216.4 million baht (Ssl2 million). Per-share profit rose by
        Bloomberg Business News  -  87 words
      • Article
        Lock icon Time Engineering gets nod for M$1.3b bond, share issue
        200 18 Bernama [KUALA LUMPUR] Share holders of Time Engineering Bhd yesterday approved the proposed issue of bonds, warrants and rights shares at an extraordinary general meeting here. The M 51.35 biUion (Ss76l million) to be raised would be used to finance telecommunications
        Bernama  -  200 words
      • Article, Illustration
        Shekou Port operator picks S'pore directors
        212 18 [SINGAPORE] Port of Singapore Authority (PSA) director Ng Chee Keong and Hsu TseKwang, the Sembawang group's former executive chairman, have joined the China Merchants Shekou Port Service's (CMSP) board of directors. This is the first time that a Chinese public company has appointed independent
        212 words
      • Article
        Lock icon Repco to take stakes in 3 firms for M$75m
        199 18 Reuter [KUALA LUMPUR] Timber and gaming firm Repco Holdings Bhd said it has asked the Kuala Lumpur Stock Exchange to lift a voluntary suspension on trading of its shares yesterday after announcing plans to take stakes in three companies for Ms7s
        Reuter  -  199 words
      • Article
        Lock icon Tenaga to spend M$1.4b on east coast transmission jobs
        322 18 MBT [KUALA LUMPUR] Tenaga Nasional Bhd is aUocating a total M 11.41 billion (***** mUlion) to develop the transmission system in the east coast, with MsB93 million in Pahang, Ms32l million in Trengganu and Msl97 million in Kelantan. "Tenaga is working
        MBT  -  322 words
      • COMPANY Briefs
        • Article
          Batam suits won't hit results: Guthrie
          81 18 [SINGAPORE] Guthrie GTS yesterday said that 14 writs filed against it by owners of apartments in Ba tarn's Indah Pur i Resort were unlikely to have any material eflfect on its financial health. It added in reply to the Stock Exchange of Singapore that
          81 words
        • Article
          Keppel rights warrants oversubscribed
          42 18 [SINGAPORE] Keppel Finance's rights warrants offer to shareholders has been oversubscribed by about 36 per cent Acceptances made up 97.4 per cent of the 51.49 million warrants offered and excess applications 37.5 per cent the company said yesterday.
          42 words
        • Article
          Heshe unit to sell factory
          58 18 [SINGAPORE] Heshe Holdings subsidiary Poly-Allied Knitwear Pte Ltd has given Sky Engineering Pte Ltd an option to buy its factory at KianTeck Road for nearly $2.44 million. Poly-Allied expects an extraordinary gain of some $1.6 million from the sale, which translates to an additional 0.6
          58 words
        • Article
          Osprey gets SES okay for bonus issue
          34 18 [SINGAPORE] Osprey Maritime has secured the Stock Exchange of Singapore's approval for its l-for-2 bonus issue, which will lead to the creation of 43 million new shares.
          34 words
        • Article
          Lock icon KLSE ties up with Aussie bourse
          26 18 Bernama [KUALA LUMPUR] The Kuala Lumpur Stock Exchange will formalise a strategic tie-up with the Australian Stock Exchange tomorrow. —Bernama
          Bernama  -  26 words
      • Article, Illustration
        Lock icon Wharf's new IDD service offers up to 56% discounts
        424 19 Sri firm to enter fray will offer one service for residential users, while the ether will serve business users Bloomberg Business News [HONGKONG] Wharf (Holdings) Ltd started an international phone service that will offer calls at up to 56 per cent
        Bloomberg Business News; Source: Bloomberg  -  424 words
      • Article
        Lock icon China firm denies plans to buy HK Telecom stake
        407 19 Official ofßejpng ministry's HK arm says he was misquoted by paper Bloomberg Business News, Reuter [HONGKONG] Tianbo Telecommunications Ltd, the Hongkong arm of China's Ministry of Posts and Telecommunications, denied a report in the local press that it was studying buying
        Bloomberg Business News, Reuter  -  407 words
      • Article
        Lock icon Telstra yet to set date for planned float
        249 19 Reuter, Bloomberg Business News [SYDNEY] Telstra Corp chief executive officer Frank Blount said the telecommunications group had no time set for its expected market float Mr Blount said Telstra had started work with CS First Boston on a study for the planned
        Reuter, Bloomberg Business News  -  249 words
      • Article
        Lock icon Australian housing slump drags down CSR
        223 19 Reuter [SYDNEY] Australia's slumping housing market translated into an 18 per cent fall in profit for building materials, sugar and aluminium group CSR Ltd for the year to March 31 and the company said the outlook remained uncertain. CSR yesterday reported a net profit
        Reuter  -  223 words
      • Article
        Lock icon Ampolex ends fight after Mobil raises bid
        348 19 Reuter [MELBOURNE] Australian oil and gas producer Ampolex Ltd gave up its fight to remain independent yesterday after directors recommended shareholders accept a revised takeover offer by US energy giant Mobil Corp. Mobil clinched the agreement with its target after three months of
        Reuter  -  348 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Japanese firms in deal to finance Paramount films
        330 20 Kirabeniaiid Toho-Towa to get distribution and other rights in return Reuter [TOKYO] Japanese trading house Marubeni Corp and movie distributor Toho-Towa Co said yesterday they would invest in the film projects of Paramount Pictures, a unit of Viacom Inc, in exchange for
        Reuter  -  330 words
      • Article, Illustration
        Lock icon There's still some bite left in Apple, says Sculley
        259 20 NYT {SAN FRANCISCO] The financially troubled Apple Computer Inc has received a vote of confidence from its former chairman, John Sculley, who argues in a magazine article that the "hot-product" marketing strategy that made Apple the nation's leading PC maker in
        NYT  -  259 words
      • Article
        Lock icon Standard Life to sell part or all of stake in Bank of Scotland
        239 20 UK insurer sajs stake is too Urge for singe investment Bloomberg Business News [LONDON] Standard Life Assurance, the UK's largest mutual life insurer, plans to dispose of part or all of its 32.2 per cent stake in
        Bloomberg Business News  -  239 words
      • Article
        Lock icon TSE in talks for listing of Chinese stocks
        218 20 AFP [TOKYO] The Tokyo Stock Exchange (TSE) yesterday said it was in talks with securities authorities in China over the listing of Chinese companies as part of its efforts to attract Asian stocks. "We have been working on it, but we have
        AFP  -  218 words
      • Article
        Lock icon Record foreign purchases
        109 20 AFP [TOKYO] Foreign investors bought a record net 6,963 billion yen (Ss92 billion) worth of Japanese stocks in the year to March 1996. The finance ministry yesterday said the figure for the year beat the previous record of 5,116 billion yen set in the financial year ended
        AFP  -  109 words
      • Article
        Lock icon British Gas unit ordered to cut prices by 20-28%
        307 20 Bloomberg Business News [LONDON] The UK natural gas industry regulator ordered price cuts of up to 28 per cent from British Gas pic's TransCo pipeline unit that the company said were so "draconian" that it would be forced to fire 10,000
        Bloomberg Business News  -  307 words
      • Article
        Lock icon Sony Music posts 12% profit fall
        91 20 NYT of gas [TOKYO] Sony Music Entertainment Inc, Japan's largest record label, saw profits fall 123 per cent in the year ended March 31 as expenses for promoting artists rose, income fTom investments fell and record sales slowed. Japan's largest record company yesterday said
        NYT  -  91 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Liffe's Euroyen futures off to shaky start: dealers
        474 21 Steady Mewmg makes the market WfUIIHnBu MnHH apicknplater Reuter [LONDON] The London International Financial Futures and Options Exchange's new Euroyen futures have had a shaky start in their first month but business should start to pick up, traders said. Average daily volumes
        Reuter  -  474 words
      • Article
        CP Prima raises US$50m
        206 21  -  jcevwvwgcreaii fiMffitjin Asian dollar market is far five years By\ Soh Riang Keng [SINGAPORE] Central Proteinaprima (CP Prima), the leading Indonesian producer of animal feed, shrimp feed and day-old chicks has raised US$5O million (Ss7o million) from Singapore's Asian dollar market through a revolving credit facility.
        206 words
      • Article
        Lock icon Credit Lyonnais aims to boost Vietnam loans by up to 50%
        200 21 Reuter {HANOI] Credit Lyonnais said yesterday that it aims to increase its loan portfolio in Vietnam by between 30 and SO per cent this year. "Right now we have a balance sheet of around US$lOO million (Ssl4l million), which
        Reuter  -  200 words
      • Article
        Lock icon Trading soon on M'sian Monetary Exchange
        278 21 first futures contract wfll be baaed on three-month KUbor Bernama [KUALA LUMPUR] The Ma laysian Monetary Exchange (MME) is all set to start trading a range of financial derivative products later this month. It will begin with the threemonth Kuala Lumpur Interbank Offered Rate
        Bernama  -  278 words
      • SMALL Change
        • Article
          Lock icon Sumitomo to cut assets by 2.5 trillion yen
          68 21 AFX-Asia [HONGKONG] Sumitomo aims to reduce Its total aaeets fay i up to 2.5 trillion yen (513&3 billion) over the next three yw*, the Financial Ttnm reported. n» ns Bi|tm Mirt i that while company officials did not give details of low
          AFX-Asia  -  68 words
        • Article
          Lock icon Guiness Peat to sell down stake
          72 21 Bloomberg [WELLINGTON] Ron Brierley's lnwituwrtwhldi Guinness Peat Group pic said it has agreed toasil IS par cent of Physicians Insuranoe Co ofOhte(Plce)to Canaiie hasadO»da«M*<Yr|>ihr r mm nrmrann ttmm willleiln GPG's stake in Pico to 14 per cent from SO per cent The compeny said
          Bloomberg  -  72 words
        • Article
          Lock icon Exchange raising margin requirements
          85 21 Reuter p i in. w A ITOKVOI The Tokyo Commodity Sxci*Me<Toco«) said ye^ythatttw-rai^the^S^S^ r h*"lt ir fin in in nrailiatle dfcHUelliaii *-iTr The ■triiangnirffl rata 111 laaiihiauukwMWlaii 4 the May contract by ***** yen per trading lot, bringing the e total May requirement to 151,000 yen,
          Reuter  -  85 words
        • Article
          Lock icon Phillipine bank gets Tokyo
          61 21 Reuter [MANILA] The Philippine National Bank (PNB)aaid yesterday it had secured a licence than Japan'aMinlstry of s Finance to operate a branch in Tokyo. "The Tokyo brack j constifate a strategic point tor Japan and the Philippines," PNBprssttertFttarffcvlte said inattatement The bank said that ttcouMitwkia banking
          Reuter  -  61 words
      • Article
        Lock icon BoE lauds favourable ruling in BCCI case
        253 22 Reuter [LONDON] The Bank of England has welcomed a High Court judgment confirming an earlier provisional ruling that it had not abused public office powers in connection with the collapsed Bank of Credit and Commerce International (BCCI). "The Bank is very pleased with
        Reuter  -  253 words
      • Article
        Lock icon Gold will endure, says Hongkon expert
        439 22 Reuter [HONGKONG] Asian gold traders are beginning to experiment with arbitrage and hedging, says Robot Sitt, regional chief executive of Standard London (Asia) Ltd. "There is so much jewellers here could do, in the loco London market (international bullion market), but they haven't had
        Reuter  -  439 words
      • Article
        Lock icon China's silk exporters caught in web of chaos
        469 22 Experts call far regulation as cocoon prices star on cnt-tkraat competition Reuter [BEIJING] Cut throat competition among China's silk exporters has sparked industry chaos and sent cocoon prices soaring, threatening the profitability of a trade that began along the famed Silk Road
        Reuter  -  469 words
      • Article
        Strong growth in China's platinum consumption over past 2 years
        332 22  -  Globtl demand up on increased use by imtirr imhifMrifff From] Neil Behrmann London CHINA'S platinum imports surged to 170,000 ounces in 1966 from 50,000 ounces in 1994 and only 20,000 ounces in 1993, according to the latest annual survey on
        332 words
      • Article
        Lock icon Euroyen firms in choppy trade
        241 22 tt\¥LH\ Report Reuter [SINGAPORE] Simex Euroyen futures finished slightly firmer but off earlier highs sparked by the drop in Nikkei cash and futures markets. Dealers said news reports quoting a Bank of Japan official saying that it was premature to talk about an interest rate
        Reuter  -  241 words
      • Article
        Lock icon CURRENCY REPORT
        174 22 Bloomberg Business News, AFP THE US dollar closed higher in Europe against the mark, holding onto gains it made after Friday's US producer price report dampened concern that inflation could accelerate and spurred a rally in US bonds. The dollar tracked US bonds higher to trade for as
        Bloomberg Business News, AFP  -  174 words
      • Article
        Lock icon Opec April output falls but still above agreed quota: Mees
        305 22 ENEEGY REPORT Reuter [NICOSIA] Opec oil production feU a modest 35,000 barrels per day (bpd) in April to 25.78 million bpd but was still above the group's agreed ceiling of 24.52 million bpd, the Middle East Economic Survey (Mees) reported
        Reuter  -  305 words
      • Article, Illustration
        Untitled
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        875 words
    • Article
      COMMODITY PRICES
      726 23 PKBCHMH MET ALB 13 »SSr SuX nm *s IMM Hiltf JK« 1. -?<> v Jmhnkm SSL, 1 3p* £S tS Source: UOB P. TIM Ma^ 13 (NIMBI Man 10 '••OiirwTwisooo«o IWH fcw i— !<«» Oft My 390J0 1.40 jm% SM40 mM mto moo iso »H 397.00 397. 70
      726 words
    • Article
      WORLD STOCK MARKETS
      1629 23 i*§ clJ M» fmm A. A. Car? A* 643/4 *13/4 AIM 303 -I »MMmI Ml *5 Lfana 904 *6 AH WO -2 Afflt 344 -21/2 Aitan# no i V2 ■ATM 492 -1 MCC 33* -4 OOCCrau* 920 -9 MNMM SS7 -5 •T* 311 -1 »—rfftlWH 290 *111/2
      1,629 words
    • Article
      Lock icon TOKYO
      1535 23 Reuter OWMatat -MtM SHARE prices, coming under small-lot selling pressure in the afternoon amid a lack of buying interest, closed sharply lower. Trading was extremely slow in the absence of foreign and institutional investors in the market. The 225-share Nikkei Average ended down 248.30 points at 21,171.82, while June
      Reuter  -  1,535 words
    • Article, Illustration
      Lock icon HONGKONG
      1418 24 Reuter rlHaagSag ♦Mai? SHARES closed sharply higher yesterday after last week's lower-than-expected US producer price index, but trade remained anaemic. The blue-chip Hang Seng Index surged 148.27 points, or 1.40 per cent, to 10,746.00. The broader All Ordinaries Index jumped 60.96 to 5,159.15. Turnover was HK12.89 billion. "The market
      Reuter  -  1,418 words
    • Article, Illustration
      Lock icon CHINA
      565 24 Reuter P Shanghai B Shut Mm -017 THE Shanghai B market ended down on investor worries about a Sino-US trade dispute over intellectual property rights. The index fell 0.17 point to 49.863 on volume of 7.4 million shares worth US$3.l million. Brokers said the dispute discouraged active trading but
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  565 words
    • Article
      Lock icon TAIPEI
      313 24 AFP QWPbta -MUSB SHARE prices finished lower as late selling pressure ate away early gains. Profit-tak-ing countered early modest gains as investor sentiment turned cautious ahead of the technical resistance mark of mark,. The Weighted Price Index lost 18.58 points to 6,127.19. Turnover was 1.58 billion shares worth NT162.17
      AFP  -  313 words
    • Article, Illustration
      Lock icon JAKARTA
      642 24 AFP QCmpootelaiex +2JI SHARE prices closed higher in modest trading on gains by some heavyweight stocks. "The market was very quiet, foreign investors were busy in other markets in the region," said a trader. The JSE Composite Index rose 2.21 points to 621.49. Turnover was an estimated 64.1 million
      AFP  -  642 words
    • Article, Illustration
      Lock icon BANGKOK
      777 24 AFP HSETMn +IJB SHARE prices closed higher as a late rally brought some life into a market mired in profit-taking and political uncertainty, brokers said. "Late buying by foreign investors in selected blue chips, especially in financial and building sectors, pulled the market up," said an analyst The SET
      AFP  -  777 words
    • Article
      Lock icon MANILA
      251 24 AFP BMi 4A SHARE prices rose, buoyed by foreign buying interest in leading issues. The PSE Composite Index rose 5.62 points to 3,117.05. Turnover was 9.1 billion shares valued at 3.2 billion pesos. Philippine Long Distance Telephone gained 10 pesos to close at 1,525. Philippine National Bank rose 12.50
      AFP  -  251 words
    • Article
      Lock icon SEOUL
      360 24 AFP PC— -jfelilg ***** STOCKS rose, with investors' interest concentrated on insurance, construction and trading shares. The Composite Price Index closed up 8.09 points at 978.73. Turnover was 56.3 million shares worth 1.1 trillion won. Risers beat Calls 469 to 348 with 106 shares unchanged. The market continued its
      AFP  -  360 words
    • Article
      Lock icon SYDNEY
      495 24 AFP n*nflrih»riM SHARES eased marginally despite strong selling in the morning session with banking stocks providing the major focus of interest, brokers said. A rally in the bond market, in line with US Treasuries after good inflation news on Friday night, boosted activity in leading bank stocks. The All
      AFP  -  495 words
    • Article
      Lock icon WELLINGTON
      247 24 Reuter +UBI SHARES ended mixed, as casino operator Sky City rose to its highest level since it began trading on Feb 1, offsetting a decline in Enerco NZ. The NZSE Top 40 Index rose 2.80 points to 2,114.29. Reuter imm b» *t- mm AMZ Banking 6.95 -0.05 *702 Advantagn
      Reuter  -  247 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Market worried about short-term outlook
        7183 25 KUALA tUMFIIR/feporte Bloomberg Business News POupwifihig +3JO SHARE prices yesterday reversed their early trend, closing mostly lower as investors were quick to lock in profits amid concerns over the market's near-term direction. But gains in blue chips Telekom Malaysia, Maybank and Proton kept the key
        Bloomberg Business News  -  7,183 words
    • WARRANTS & OPTIONS
    • Article
      CLOB INTERNATIONAL
      1724 26 •r tr KM LMt Ml Mr LI Irti Mr MM YM MM MCap i M* Ua Mm Cmmm S* COOOI MM> tM Mayor SMMr Ctr Ml Satf <ZS Mi MM AISMSOc Ml -4 33 4SZ 444 4M Ml M O U MJ 4MJ a M a SM AMOMSOc
      1,724 words
    • STOCK EXCHANGE Of SINGAPORE
      • Article
        Untitled
        834 27 TUMOVa COM) VAUK (10# 55? M ii s dB mm M Vttt UN ins MM »W»«M UM *.0*1 IMSO JJDOO am WWIM UHT URT MT JJf MM* -mm M m &V 4j-.ro s&s $g a&S mSSt wJS! KSMQ 2.701 1*41 MAM ON TOT At ssa 1.1 S3"! 3 t V
        834 words
      • Article
        MAIN BOARD
        4409 27 Or Or M Vt MOO IX M Oi» iMtOmto Ohr Dt» *2 W» Cow 8000a CiWQiy SdOa rOOO> HNO Low Oiiyor SaOar CV W 5146 ASCNT$I0 200. US- 214 MS 1290 AcorSOc US191 *1 113 191 190 191 192 3. ON 73 X9 113 3M3 494 390 ml
        4,409 words
      • Article
        SESDAQ
        867 27 Or Or MMt 1996 Lddt Vdl Day LMt OwN Ok Mr YM NH Cm Av« Ui two Ciw>«ny m rooo) HM8 u> Buyr IdBdr Cw M >H Pried 289 234 t 2000 AMHMgsSc 245 cd -10 44 253 245 245 250 3.0 143 0.1 153.1 109.0 251 234 WO
        867 words
      • Article, Illustration
        HOT STOCK
        65 28  -  Paul Lea ROLY INTERNATIONAL fill hatf-a-cent to 61 US ept* on a strong volume of 2.17 million units 4.8 times the l&day average of 456,100 shares. Born if the married deal of one million shares at 60 US cents each is discounted, the interest is still very strong.
        65 words
      • Article, Illustration
        Q1 economic data fails to perk up buying interest
        875 28  -  STOCK MABKBT COMMENTARY Some analysts reckon that activity could pick np in a few days when fdnds take positions after they have evaluated the fignres By Ven Sreenivasan THE Singapore stock market went through another day of quiet and featureless trading
        875 words
      • OH THE GRAPEVINE
        • Article
          Rich pickings
          120 28 READING Nat Steel's freshly-minted annual report over the weekend, some shareholders may ask on what grounds their eight directors were rewarded with a near doubling in remuneration to $1.87 million last year. Seen against a mere 20 per cent rise in earnings to $12.7 million, this could seem
          120 words
        • Article
          Sorry, no number
          71 28 IS THE allure of possible diversification into infrastructure business so intoxicating as to make Singapore Telecoms forget its own phone number? Analysts were amused to receive SingTel's announcement of the postponement of its May 23 results briefing: those with queries could call, it said, but the telephone
          71 words
        • Article
          Help with the rest
          120 28 BURIED deep in the new annual report of Sembawang Maritime, under related party transactions, is a puzzling item. Apparently, SML last year had to pay its parent Sembawang Corp almost $2.4 million for "share cost and administration services" This was a huge jump from the $1.5
          120 words
        • Article
          Nice try
          156 28 MORE on the Guthrie extraordinary general meeting held last Friday at 10am. The EGM was convened to pass the proposed one-for-five bonus issue. The directors had expected the resolution to be passed very quickly, as they had convened another EGM at 10.15 am. But the first EGM took
          156 words
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      115 17 A company's strength lies in the 4 r-i Backbone of its staff. J v? i A And the secret of the Gamma work more comfortably with the PA 3870 lies in its point syn- PA 3870, and most certainly chroalsod technology with improve your seated posture. tvniion •ajHttmoni Toaturo, which
      115 words
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      260 18 Large Freehold Residential Site at Guillemard Road Site Area: 16,897.3 sm iLidUlaULlllikUJtl (181,883 sf approx.) ■r Plot Ratio: 2.8 (gross) ipvf'' w Increasingly sought after l\% residential area t Walking distance to Paya \J Lebar MRT Station, M rfjTgO Sub-regional Centre and ry SAP School w 10 minutes'drive to Raffles
      260 words
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      Page 18 Advertisements Column 2
      77 18 FOR SALE PRIME CONSERVATION EN-BLOC No. 9. 1 2-storeys Erskine Road "I conservation shophouse Tenure 999 yrs 1 leasehold I mmf Ipj I■ MP Zoninglllml IH I 111 H mJ Commercial Total Land ill ml B Area 357.905 m MP Hot Ratio- !*Br «*j Area 537.435 m 1 LAST DATE:
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      93 18 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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      221 19 How many days does it take to clear a US Dollar cheque? Introducing the UOB Group quicker and reduce the foreign WE'RE UNITED US Dollar Current Account. Quite exchange risk on your US Dollar BEHIND YOU simply, when you deposit US transactions. Dollar cheques drawn on banks* To open a
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      222 20 An IBM PC for companies that want to blaze trails Wk have money to The IBM PC 300 is the ideal desktop computer for companies that aren't rich and famous. Yet It's powerful. Easy to up* grade or network. (Just the thing if you're planning on linking up with your
      222 words
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      265 21 I You Can Go Anywhere To Get An MBA With A Henley MBA You Can Go Anywhere he Singapore Institute of Management, in collaboration with Brunei University and tfcnley Management College, invites oppikations for the 24th intake of the MBA programme commencing in October 1996. The Henley MBA is recognised
      265 words
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      Page 21 Advertisements Column 2
      190 21 WORLD BUSINESS CLASS "No one provides more space to play air guitar!" Albert Teo. Music Entrepreneur. Singapore K twSmP When you've spent 4 hours jammed in a stadium of screaming rock fans, personal space becomes more of a necessity than Nashville a luxury. Which is why I value World Business
      190 words
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      358 22 IF 11 I Keppel Finance Limited I (Incorporated in the Republic of Singapore) I I ANNOUNCEMENT I I RENOUNCEABLE PREFERENTIAL OFFER BY I KEPPEL BANK OF SINGAPORE LIMITED ("KEPPEL BANK") OF 51,495,342 WARRANTS ("WARRANTS 2001") AT THE PRICE OF 550.41 FOR EACH WARRANT 2001 TO SUBSCRIBE FOR 51,495,342 NEW ORDINARY
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      Page 22 Advertisements Column 2
      41 22 Form Trucks, Stackers, Reach Trucks, VfiA Trucks nnhs DEMAG Thm Nsm» For MmtmlmM Hmndtng MHE-Demag Logistics (8) Pt« Ltd 33 Qui Orel* Singapore *****0 Fax: 662 1033 A JoW-VbHw Mwmm JabMi 6 Mum (SEA) Pta Ltd 6 MgummiDi Ocmq FofdwlschnWt AO
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      32 24 For further information on which newsstands carry Her World, Go, „2 b i.ocr Col <ta\ Oib Singapore Busirfes§, s Home Decor, Young Parents, Please call our Customer Services Section on 1800-749-2577. I
      32 words
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      35 25 \Mhen the Market qets Going, ih* Savvy Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/lrtstocks on the Internet I liUhßiM BUSINESS COfniEl SINGAPORE AND ASIAN BUSINESS NEWS AND
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      111 26 Land Transport Authority Infoline Resu,ts I INFiHliflP COE Bidding Results r wr Nimhw I Wondering which share result An SPH AudioTex Service Available on 10thor 11 thof every month. Allyon Available between Satwday and Wednesday each week. All yon need is Call OUT IKMI-1900 AlldioTeX Enqiliiy I -y.an.il—.— I hotline
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      22 27 ROY EASTERN WATCH, LUCKY PLAZA, #01-7-4, #01-86/87/88 ORCHARD ROAD TEL 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01-18/20 ORCHARD ROAD TEL: 235 2536,
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      Page 27 Advertisements Column 2
      133 27 To: SPH AudioTcx Department Singapore Press Holdings Ltd 82, Gen ting Lane Singapore *****7 Tel: 740-1493 Pax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period □12 month. 6months Q 3months atSs6o.oo atSs4o.oo atSS2S.OO Payment Options
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      846 28 BUSINESS Notices '(> \i>\r:i< i i s i: < NOTICE Of MEETING Of THE HOLDERS OF TRANSfBUILE LOAN CERTIFICATES ISSUED BY TRUST BANK NEW ZEALAND LIMITED t NOTICE It HERBY GIVEN Mat a meeting of Km Holders ("HaMmT) of Transferable Loan Certificates ("TlC**) issued by Trust Bank New Zealand Limited
      846 words
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      Page 28 Advertisements Column 2
      288 28 NOTICE NOTICE IS HEREBY GIVEN thai, I CHNG CHUNG HWEE of Blk 142 #15-234 Potong Pasir Ave 3, Singapore *****2, have applied for a Beer House First Class Licence in respect of M/s Kim Lin Food Centre located at Blk 121 #01-1358 Hougang Avenue 1, Singapore *****1, and that this
      288 words
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      Page 28 Advertisements Column 3
      438 28 M THE HUH COURT OF TOE REPUBLIC OF SINGAPORE •I THE MATTER OF MECHTEL PTE LTD AND MTME MATTER OF THECOMPAMEBACT (CAP 50. 1994 ED NOTICE IS HEREBY QfVENtiat by an order of tie Mgh Court of tie RapuUc of Slngapora made on 9ia 26>i day of AprflMß, a maaing
      438 words
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      Page 28 Advertisements Column 4
      314 28 Bl TMB MATTER OF THB COMPAMU ACT, CHAPTER BO AND Ml THE MATTER OF JOC PROPERTY DEVELOPMENT PTE LTD (M LWMKMVnOH Extract of tha Minutaa of an Extraordtoary Qanaral Meeting of tha Company hold on tha 10th day of May. 1966:•fiPffillM That ttia Company ba wound up voluntarily purauant to
      314 words
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      Page 28 Advertisements Column 5
      200 28 Singapore Closing Share Prices 13/08/1996 CLOSE PREV LOW HIGH usi use i»— use \\lMf Jardine Matheson 8.10 8.10 8.06 B£o WKBOm Jardine Strategic 3.12 3.10 3.10 3.14 FOOT J Dairy Farm 0.805 0.02 0.805 0.02 Hongkong Land 2.10 2.10 2.00 2.12 SSSSB Mandarin Oriental 1.39 1.30 1.30 1.30 BflltiUttita Jardine
      200 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      283 29 Knight-Ridder, Reuter BROKERS said South American grain chartering activity is starting to quicken. More interest is starting to surface for capesize tonnage in the Atlantic. However, they said the market would continue to be hampered to move upwards because of overtonnage. Some brokers said they saw the handysize
      Knight-Ridder, Reuter  -  283 words
    • Article
      MARITIME STOCKS
      229 29 IhgO CWTOMHMtM ISO OOI 49 CUMII Hup Hll—I U2 *0.01 M CMMtavwtawnt U4 rCLS «OOS Ml PNWMunkt am wck MHaMnft 1.14 -0U» 20 IWSmHm* U» Midi M4 wnwiiiw am *aoos n» MCHMfi NRMO JayaHaMagi—.13) -003 2 JweeewRert 7.90 wtck M tmJcmp 12.40 *020 521 IMMdi 190 -OOI 3
      229 words
    • Article
      IMO adopts hazardous and noxious substances convention
      264 29 [LONDON] The International Maritime Organisation (IMO) has adopted a hazardous and noxious substances (HNS) convention after a three-week-long conference. The conference focused on liability and compensation for damages connected with the carriage of hazardous and noxious substances (HNS) by sea. The convention will
      264 words
    • PORT Shots
      • Article
        Lock icon China sign shipping deal
        44 29 AFP [BANGKOK] Myanmar't military shipping firm have tignad an agreement^, The agreement to pquHaw iwp new oceangoing ihfraftr the Star ShippingUnawaa signed in Yangon with Yunan Machinery Import mi t&port Cooperation (YMCX the radio sato in a broadcast monitored hare.—AFP
        AFP  -  44 words
      • Article
        Lock icon Yang Ming Marine's April profit down
        37 29 AFX-ASIA fTAlWwliWMfiif Marine Transport CocpsaMAirir |W^promftßtolmi» NTslBlmilliongyearearlieronan increase in revenue to WHliMfcfrom NTt2>B3 bllllon> Pre-tax praflt frtha 10 months tt>4sril Increased to NT|l.» billion fraapp bn*l.4Bbillica«yearearlier,whilerevem>eroeetD NT135.91 billion from NT121.23 billion.-AFX-ASIA
        AFX-ASIA  -  37 words
      • Article
        Lock icon New berth to be built at
        59 29 Knight-Rider [SmOAPOßl}ThalndianOUCorplM»eoijnn**ionada new berth for gas oil and keroeene cargoes in the western port ofKandla, which la expected to ease portconfisttrm andalki#theK)C to import more gas oil tor the northscn source said late last wesk. Cargoes at the berth will be transported to the
        Knight-Rider  -  59 words
      • Article
        1st qtr profit up
        40 29 f^rotaalSirvicBilncacn^DnM^«Bop«rtttof|Wfltfli 80JmiBiofcpeeoe(St« million) durtaf the flrrtquarterof this year, up 58 per cent on the seme pertod last year. TJ* rise is due to increased vo!mneeatthelCTBl-nm»4ii)d£ International OmtainarTWminaL Throughput wait# 25 percent, to 161,090 3Mt equivalent unite.
        40 words
      • Article
        HK harbour's new patrol
        80 29 [LONDON) HOngkong Marine Department'sfleettfnewQ veeeele,whkh will support and pixinxjte the laarjneseMy inltiativee, was commissioned atacarewony at *>eeHoaee Bay recently. Director of Marine, lan Dele, said the li new veeeels with their high spied and better reliability would greatly enhance the departmenfscapebtlttr. Bo addad: They can cover
        80 words
      • Article
        Lock icon EC approves services
        71 29 Reuter [BRUBSKLBJ The European Omunisaion said lastweA it had cleared an agreement between FinncarrieraOyAß -0. and Poseidon Schiffahrt AG to provide regulwftrry services for ro-ro, container and rail traffic. The Joint service, which is managed by Finncarriers, is to operate between ports In Finland and Germany, on
        Reuter  -  71 words
    • Article, Illustration
      Greenbay Marine wins Shenzhen contract
      351 29  -  dripyard beats Japan, Km* aai HE yards tectinch USSUxndaal By, Johnny Yeo [SINGAPORE] Local shipyard Greenbay Marine has clinched a US$B.5 miUion (Ss9.l million) contract from Shenzhen to construct two fire-fighting vessels, beating competitors from Japan, Korea and Hongkong. The contract, awarded by the Shenzhen
      351 words
    • Article
      Lock icon KL hopes patrol-boat project will boost local shipping
      185 29 Bernama [KUALA LUMPUR] The government hopes that the Mss billion (Ss2.B billion) project to build 27 new generation patrol vessels (NGPV) will act as a catalyst for the development of the local shipping industry. Defence Minister Syed Ham id Albar said the
      Bernama  -  185 words
    • Article
      Lock icon New Zealand ports expected to undergo more changes
      263 29 Reuter [AUCKLAND] New Zealand's port system has gone through the upheaval of deregulation and privatisation over the last eight years and more rationalisation is likely, Ports of Auckland chief executive Robert Cooper said yesterday. Mr Cooper said fewer ports was a natural
      Reuter  -  263 words
    • Article
      Shipping Times manager wins Panpa award
      142 29 [SINGAPORE) Shipping Times senior manager Philip Koh has won the Hegarty Prize award, the first Singaporean to do so. The annual award is given by the Pacific Area Newspaper Publishers' Association to recognise outstanding management potential in young executives in 13 countries. This year,
      142 words
    • Article
      Be cautious in reflecting, tanker owners told
      373 29  -  Invest, not speculate, on vessels, says Lrtwtaike By\ Rahita Elias [SINGAPORE] Tanker owners have been urged to exercise prudence in planning their fleet programme. Speaking at the Intertanko Market Session held in Hongkong last week, H Clarkson Co managing director Martin Stopford said:
      373 words
    • Article
      Grand Alliance to call at Shekou next month
      116 29 [SINGAPORE] The Grand Alliance, a consortium comprising Neptune Orient Lines, P&O Containers, Nippon Yusen Kaisha and Hapag Lloyd, will begin calling at Shekou in south China on June 17. The port-call is part of Loop C of the alliance's new service between
      116 words
    • Article, Illustration
      Fledgling firms take on PAL
      920 30  -  PHILIPPINE AXRUNE INDUSTRY: OPEN-SKIES POLICY Philippine Airlines lost its monopoly of domestic routes last year. With seven airlines operating now, fares have dropped, capacities have risen and air travellers can choose from no-frills to full-service flights Byi Alec Almazan FOR decades, domestic air travel in
      920 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS|
      269 30 PAGE Eurohans 6 in E**vrccn 6 im 3 Evorprimt 13 7 Famous 7 Lrrr*.i I? FtHCftTMl 13 X 1 F 00*4 Sun tt FroU 12 n FrtWorH 12 4 GUnk 13 Gomartrans 13 P* .I Genshpg 4 MmMO U c cioMM T •n««Mn
      269 words
    • Article
      SHIPPING GUIDE
      15553 36 EXPORT ETA ETA Advartlsar VtSMt Voyao* TatapHona ETA ETA Advartlsar Vnstl Voyaq* TalapKona SIN Dast'n Nam* Nam* Number NumOar SIN D«t n Nam* Nam* Numbar Number MMMMMMMMMMHMSMMMSHMMMMMiiainHMMMMMMMnMMMRMMMMI A To BREMEN (BRE) 2056 Germany To ABU DHABI/ ST JOHNS (AUH) 2004 h/<w 02/01 dim uoyo a. vessel *9-*****7 United
      15,553 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        640 43 Vtml Voy Wo lortli knfnt Jilhrt MM* Sm 0 M MM* 17.05/2300 n mm scn joi mm* m.os/i»o Mm OV* JM rtl»|ll<l IS.0V0M0 MSptq I J04 MM* MOVOtOO lh|k 0503* JK duplll M05/2300 PraM* OSOm J2I MM* M0S/2300 NMJM OVM JM MM* MM/2000 S «M JO llmpHi 17.0V2J00
        640 words
      • Article
        CONTAINER SCHEDULES
        1704 43 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO SMP VoyNe Etl/Btr Plfi# Booking/! From ilmci To Rstls From AMM 0I» n/tm M O/BM O/MM IVBM 2ft O/DM •VMM M/0M tow •VMM 4 M/M0 M/MM M/BM to Mi MM 2* MM M/0M M/BM ■c WHt a u/im uM? Mi
        1,704 words
      • Article
        COCKETT BUNKER MARKET REPORT
        802 43 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
        802 words
      • Article
        GLOBAL HOLIDAY
        398 43 ■ATM Spain: Market and Public Holiday in Madrid, Patron Saint of Madrid Day. MATM Austria, Belgium, Denmark, Finland, France, Germany: No IBIS trade or floor trade on Frankfurt stock exchange. Indonesia, Ivory Coast, Luxembourg, Nether land, Norway, Sweden, Switzerland: Ascension Day. MAT 17 Norway: National Independence Day. MAT
        398 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Britain, China agree on key HK airport franchises
        418 44 Agreements include air cargo, aircraft %nA ramp handling AFP [HONGKONG] British and Chinese negotiators have agreed on the remaining major franchises for Hongkong's replacement airport, due to open after the handover of sovereignty here, it was announced yesterday. The agreements, for aircraft
        AFP  -  418 words
      • Article, Illustration
        Lock icon FAA to expand review of ValuJet
        230 44 Bloomberg Business News [WASHINGTON] The Federal Aviation Administration is expanding its review of three-year-old ValuJet Airlines, following Saturday's deadly crash in the Florida Everglades, FAA administrator David Hinson said yesterday. The review, an extension of an inquiry that began on Feb 22, will examine
        Bloomberg Business News; AFP  -  230 words
      • Article
        Lock icon Air France may be privatised by end of next year or early '98
        284 44 Carrier to niroeil measures to help Air France Europe NYT (PARIS] The management of Air France believes the stateowned carrier could be privatised as soon as the end of next year, or early 1998. This latest indication
        NYT  -  284 words
      • Article
        Lock icon Alitalia unions upset by new MD's planned rescue blueprint
        241 44 Reuter [ROME] Alitalia's new managing director Domenico Cempella is drawing up the rescue blueprint to be examined on Thursday by its major shareholder, state industrial holding company Istituo per la Ricostruzione Industriale (IRI). The planned job cuts could include early retirement
        Reuter  -  241 words
      • Article
        Lock icon New rail link opens between Iran and Central Asia
        183 44 Reuter [ASHGABAT] With solemn poetry and lavish tributes to its leader, Turkmenistan is hailing a new railway link which opened yesterday between Iran and Central Asia as "the most important transport junction on the planet". Author Atamurad Atabayev, writing in a
        Reuter  -  183 words
      • Article
        Lock icon Taiwan in talks with China on plane project
        312 44 A deal will undermine accord made with Smith Koreans AFP (TAIPEI] Taiwan Aerospace Corp (TAC) is negotiating with China's state plane maker over a future 100 seater regional jet, a spokesman said yesterday. Any deal could undermine a preliminary accord that China
        AFP  -  312 words
      • Article
        Lock icon Boeing builds 50th 777 aeroplane
        180 44 Bernama [KUALA LUMPUR] The Boeing 777 Programme reached a significant milestone yesterday when its employees began building the 50th 777 airplane. Marking the first major step in the assembly process, workers in Everett, Washington state, loaded a 105-foot-long wing spar an internal support structure into
        Bernama  -  180 words
      • LOG Book
        • Article
          Eva Air, partners buy 4 McDonnell jets
          81 44 [SINGAPORE] Taiwan's Eva Air, together with its domestic partners, UNI Air and Great China Airiinss, is buying four mid-sized McDonnell Douglas twin jets. Ths latest purchase brings the total number of MD-OOs which the three are buying to 10. AHwill service domestic routes.
          81 words
        • Article
          Lock icon BAA's truffic in April up 1.9%
          82 44 Reuter [LONDON] British airports operator BAA pic said traffic in April rose L 9 per cent compared with a year ago to 7 A million passoagers. Ths number of flights using BAA airports incrsassd with total air movements up per cent Cargo tonnage was
          Reuter  -  82 words
        • Article
          Lock icon Ansett retains Aussie market share
          62 44 Reuter [CANBERRA) Australia's Ansett Airlines has maintains* its domestic market share lead over Qantas Airways Ltd In February, Department ofTrsnsport figures show. However, Qantas pegged beck AnsstTs advantage slightly fftmi January's data. Ansstfs share in traffio-on-board-by-stage passengers fell to 50.1 per cent in February from
          Reuter  -  62 words
        • Article
          Lock icon Motor's Africa sales
          66 44 AFP [SEOUL] South Korea's Ssangyong Motor Co has quintupled sales of four-wheel-drive vehicles to Africa, selling 1,548 units from January through early May this year, a company spokesman said recently. In South Africa, shipments of four-wheel-drive Musso and Korando models reached 1,148 units so flu: this year,
          AFP  -  66 words
      • Article
        Lock icon Germany, France bidding for high-speed Aussie train link
        217 44 AFP [SYDNEY] A German consortium announced yesterday that it is offering a magnetic levitation train claimed to be the world's fastest in bidding for one of Australia's most prestigious contracts, the Can-berra-Sydney rail link. Dubbed the Whispering Arrow, it has a claimed
        AFP  -  217 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1292 44 CITY FllSffl ETA FU8HT ETP FM—U $0989 1700 ***** 0105 6*974 2335 9mm sww 2310 MM S0230 1830 8—MwHC CZ3S4 0925 WW IMP M VN745 1300 VM744 MOO Amtartai GA897 1045 GA892 0030 VW74I OIO VW740 MM KL837 1445 KLM4 0040 HatYM T6407 2105 TG408 0120
        1,292 words
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      Page 29 Advertisements Column 1
      11 29 Hedging firms take od PAL Philippines implements open-skies policy. Pais 2
      11 words
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      Page 29 Advertisements Column 2
      211 29 Key HE airport franchises signed Britain-China agreements hailed. Back Page I BULLETIN BOARD ulWTa»° TTBi) Tl» Mmiport Maritime Offlots' Xfnkm is holding an awareness talk on the International Safety Manage- r—ment (ISM) code on May 24,2.30-5.30 pm. It has invited David Cheang, executive director of ISM Marine Consultants, to speak
      211 words
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      Page 30 Advertisements Column 1
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      1,027 words
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      Page 30 Advertisements Column 2
      189 30 Unas A iwvioM rapraaanlad by Mambara of tha Ragtaky d AccradMad Stripping Agarta. S*pora National Shipping Aaaoc SIOTPmGT^ffiSONLmE Just talk to as... bisLim 740-2044 Tan Lip Chuan 740-1645 JarrodLeong *****69 Philip Koh 74Q2382 (ommimr I I~ *Von PJMWS OKTEM AKSOY ISOS 22AX Mm/Atw/Bmn/UK I'a AURORA 0U( 12AM RdnVAtv««rTvVUK/NAN •LalaE/*. **>,»+
      189 words
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      Page 30 Advertisements Column 3
      7 30 Memoert or m® Singapore FreigN Rxwerders' Association.
      7 words
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      Page 31 Advertisements Column 1
      929 31 POOBC SOUTH WBT IXFttSS (PWKT) I mm Imy j m jaim [smhd lug I m I 1 m I wtc 1 a. 1 mi I i I g> I maw I mm \wm\nm Imm I«/b Imm I mm I mm I *m I I mm I I I I I—
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      Page 31 Advertisements Column 2
      1623 31 HANJIN SHIPPING I USA CANADA* BBW Imml■V I m w w| <■ ott m Int mia aot ink n» m m m w ninmnti mm m/m T»/w I m/m mm jr/m_ v/m mm mm mm mm mm m/m m/m m/m I«m> h/m mm «M* til—Will B/M B/M I 13/ M
      1,623 words
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      Page 31 Advertisements Column 3
      276 31 ■l\ V-H Ikil liSitggai I#] 14 ftw a g i y*i iti m »fii bi rin w »j—% iu? iur 3 (ffiwgi fi» »<* W iban ibi lift iyjf i/jiiim! aft git »ft tift <)* 1 SS S JR£ Isfil nn >IJ S! 55 £2 55-* i III! Bft Htf
      276 words
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      Page 32 Advertisements Column 1
      796 32 i wssa *k m rm m w sm mbam m m uo rro sh m ac pgßßHffi 1 ~Z p/< HZI ~W -WMI^L^I^SZZSL 11—BE »IKi; 24/4 H/4 W/4 IVS gg MA HA ~j uwwwapwßs ran ~!K W~ ~W~ >M£MIPWI ami 1/5 30/4 4/5 H/5 V/i 31/5 1/4 ttgt tail 4/s
      796 words
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      Page 32 Advertisements Column 2
      719 32 I NORASIA IMML VOY rSn ALO LAS SOL VAL HAM Mi ROT ANT ML LMA MMAMAMLTA HIM 1M M M Ml MM MM Ml Ml 11) M tM tli MOMMna mm mm mi tm Mm mi nm mi mm xtm iim mm RMK BIW Ml 1M Ml T2M M M
      719 words
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      Page 32 Advertisements Column 3
      483 32 JAPAM/HOMOKOMO/rntAITS RSOULAfI SCRVICS LOADING FOR PORT KLANO/PENANO VtMtL I MQY I I f I PKt PPI W9M ~~~gyr~ ki -wbtitw mmnui n mrt bpt tam a mot u mot wwwim i a mat a mot WMBITOM 1 M MOT a MOT a MOT waw n n mot a mot ■OUWAg
      483 words
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      Page 33 Advertisements Column 1
      985 33 IprVsTRAITS SHIPPING PTE LTD I MBS mtd 1» Noo CMo«| Bioi #11-M ttppol Tomois >I«1«>mw W Ttl: *****5S Fax: *****7 I SMBAPORE wbI»»R/i» U* v»wW^ IcMMAJNMtt VMK MM* IIM* IMaa. ill.nl lIIIIIMMI if TTl'mn TTI T1 ■snwnsrail VMIIE IIM* 17 M* Maan. KM KtaaMl ■■■■■■■■!■■■i.w.vu.l, ■STHAITSNOFE VMI2E 20 M* tIM(
      985 words
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      Page 33 Advertisements Column 2
      856 33 ACCEPTING TO QINHUANGDAO,YINGKOtH (BAYMQUjM POKTfOpORT; 1~.. aferiiwMMi n h, n m mmm/m mmmmmt i|,,,r T r ».i*nI COSTAM flvfwffllTD SSSSSfI2» iM rn mumut aamttmaammmm. Un i tm-ho-mstn MrMvu I fchcatmowr tammumtrnt-i tm:mats mimmhii/w hmv-tmm a **mm himmt teftltotfCMtf hWtti to lU..|«C«tf NmHIM/M—«M^ VBSa/VOTMI (~WI wt OB VBSR/VOTAM W IK« MOM
      856 words
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      Page 33 Advertisements Column 3
      360 33 WMOUWP «g 1 Ml MS M\m M TM MC g W JB_JL I IWI mi MI iw iWJMLJML I iMMin/n w* ii/k wk Imslmsl ms ms ms_ ms|i;-ms| ms ms_ ms_ Uwaw'" ~mT ms n>ts ms iv»s ms I»msI ms Wk W I Immiu/su v/k mslmil Ms" W- ivk ivk
      360 words
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      Page 34 Advertisements Column 1
      990 34 WBWSBR BMK/UK/SCANiHIiAVIMWMWn/MItSM rTSTI ROM ANW HM THP LHV UW TOP MM AIM HM FBI UP E. BEVMRO RW-818 IS4 74 M M IMB 114 I. SLOWING RE-818 214 244 234 284 254 2M 224 E RMHTRW-823 284 144 184 184 1M 1M E. GIANT RE-884 W U MM U M
      990 words
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      Page 34 Advertisements Column 2
      941 34 d H| wmammmmmmmmfm t VBSB VOTJkM MP MB 111 MM MM IWT Ml I VDSL VOHM M Ml M Ml W UMOaOM 040? WW lt« MS V« SIS MS iw AIS IIMOWM OJM-03K OVK M/K 07/15 WK 70/05 UHOWR 04CM3W 7V05 02/ M OVO4 OVM to/tk OVH OVO4 IMOMtHT *****7H
      941 words
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      Page 34 Advertisements Column 3
      589 34 S»ti>winm«HCAOP<cm WPTCLTD TEL: *****33 (12 UNES) FAX: *****18/*****03 TELBCB3 ***** WW gpUnw) OR NO: **********0E t OTPPiO IIKS! ACCEPTING FCI AMD CONVENTIONAL Wnhl Way I ETA Laadtag far ADMy*— _ywB 0M» M||||lll| MalaiiH 43W8 I 06*07 Mowhaaj*^ H KIEN HUNG LINE FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH FCL/LCL ALSO
      589 words
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      Page 35 Advertisements Column 1
      608 35 I BSA 1L i MYANMA UHtHk FIVE STAR UNE (My—» NoI(*mI Um) lootlh| foe Tn^m wssa vot sm pkq m pom PAINBN 130W SID NAM 233W 11/ OS IS/IS MAIATSJA AGtNTV MMISTIAO SMPfMG MOKKS ML TH 02-43-*****00 PKL IB 02-03-*****01 RNs ta 02-44-*****02 PCD; IB 02-07-2J*****/4 j BANK UNE L
      608 words
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      Page 35 Advertisements Column 2
      1150 35 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKCb *****61 HX IWB W4 VKHI/VOT VOT SR MM MIT lUN IMI IMI B IS/M 17/05 10/ M UMMMM J22W M/M 07/ M M/M 11/ M M/M M/M 11/ M »/M 24/ M IS/M N. MONTH J22W 17/ M 14/ M
      1,150 words
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      Page 35 Advertisements Column 3
      457 35 I FAMOUS CONTAINER LINES jfpss 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) f; 9 fi V, J I I M Vi i P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: aummmmmmm mm I mat 0*4****** J* (07) OXOOO7 (9 UMtt)
      457 words
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      Page 37 Advertisements Column 1
      37 37 To retrieve more schedules, Just follow these simple steps... document jKfai 740-6000^^g^^^£* e P your key in the four number code Jt Key in your Example: fax number To HAMBURG (HAM) 2150 for calls within Singapore OfllWiny
      37 words
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      Page 39 Advertisements Column 1
      500 39 JESSEITONIUNEJ MUARA J LABUAN mm mm von mm »m im msnoovvis/M w it/ti urn turn vib/h as i//»$ ommwoubtvih i*/os n/ts uwo* aot vim/m h/oj m/m Ml ***** VIX/H n/M s/m «s «met ¥i*/» n/M 14/ OS MMMWMMTVIIi S/M Jl/M MSGOWSIOtY Vlll/H a/15 01/0* S/S M/S «/M UMMWSUXTVIX/M M/M n/M
      500 words
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      Page 39 Advertisements Column 2
      1249 39 ADVANCE CONTAINER UNES (PTE) LTD A A I I 140 Cecfl Street #*****, PIL Building, Singapore *****0 TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E BAWOKOK. JAKAKTA (9 S»llleo«/Wl>t e PAT, 2 SoWepo e 9MT. 2 9»Wwm t» LOt) (4 Selll>Q«/WeM) VESSEL SIN B« SIN VMMt BASTION
      1,249 words
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      Page 39 Advertisements Column 3
      848 39 **********0Z "B»a w ax OAAOETTA LE HAVRE HAMDUBQ THAMESPORT ROTTERDAM ANWICRP-V-LEDELYRA YI4W 16/06 2M6 04/06 06/06 07/06 OMN KMM VHEDEVBA VI4W 21/06 0306 11/08 12AM 14/06 16AM 17/06 VEIEDECAPELLA TI«W MS 10/06 18/06 19/06 21/06 22/06 M/ 06.% VELEDEUBRA LI«W 17/06 25/06 2H6 28/06 28/06 01/07" 'ALSO ACCEPTING CARGO TO
      848 words
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      Page 40 Advertisements Column 1
      1109 40 111 I W fOWiiliaiiiißiWgMit lfiiiiMlliiimßMiSia «»»ti. voy sm jkt [vessel voy sm wi V^M r=s= 1 EAOtgnoe* 137 tu> lin pi" m is/oa b.ma»oua Tu» Im w" tni 16am" WANABHUM »ft WtH 1 Sfflf Sun urn BUNOA MAS EMPAT 6321 Thu 18/08 Sat ISAM MANIA SHUM »4N Tu» lInPtI St
      1,109 words
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      Page 40 Advertisements Column 2
      795 40 11 DUXTON HILL, SINGAPORE *****5 CR **********0N STCAITS SHUjni SttVKE J PO«T KLANG PENANG I wr I an l m vgsa vor m m wok ivpsm lusnti ear m\ ivww i/ytsw 1 w jjun mi uMm »/kv» 2®S )»/ossw m» ijtsaw msw OM »</osaw asaa MM MII msw WKW N(C«NUGi
      795 words
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      Page 41 Advertisements Column 1
      660 41 Au SINO IXPRISS SHIPPING (PTI) LTD. V I 11 COLLYER QUAY #00-01 THE ARCADE SINGAPORE 0104. TEL: *****90 (4 LINES) FAX: *****08 TLX: R*****1 SMOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) SIH/HKO/SWAI VPORE HKQ SHAJ VEBBe VOY ETA ETP ETA I ETP ETA ETP CHftHQYWQ 8611/9612 11/O6 12/O6 i7/os ia/os 21 a»
      660 words
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      Page 41 Advertisements Column 2
      386 41 mil cn—TAiHER UIIES. itfHS^ "afisss? 2(24 u b, sssqss* aggs?sassr OTW<M assaag 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEM/PK sin HONGKONG 15/5 16/5 mv'BUX CROWN" V.N007 TOKYO/YOKO 18/5 19/5 S mv "A. HOPE" V.***** LONG BEACH ALL USA PORTS 20/5 21/5 I mv "HY. BARON" V.036E CALL S'PORE: EILEEN, LAURA, XIUHUA PKL:
      386 words
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      Page 41 Advertisements Column 3
      320 41 ATTRACTIVE J FCL/LCL RATES TOS Indian Sub-Continent Ports, MADRAS BOMBAY H CALCUTTA COLOMBO CHITTAGONG S NHAVA SHEVA sht |ss v 8 WENDER a>OTAPTOija>i)B ENQUIRIES BOOKIN<36 PLSCALL S TEL: 224 6744 fT— W> O.K. line! FULL CONTAINER SERVICE 3 a PORE/JAKARTA *gj VOY SM JKT rS 1M !~»f> wmmmbw Twmrn mm
      320 words
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      Page 42 Advertisements Column 1
      441 42 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACT S THROUGH THE FAX JUST CALL 740-6000 I w: <• /V V .-V 1 1 SFFA LOGISTICS I I MANAGEMENT QOUBSEJ/, *****# I KEEP APACE WITH THE DYNAMIC i J CHANGES IN DISTRIBUTION.' Global sourcing, distribution and competition have led K business
      441 words
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      Page 42 Advertisements Column 2
      320 42 m >e -IKSS3GH Qooi a quaiiTy wmcn nas D©en The Total Transportation People The Total g 5 embraced by all at Visa Freight Transportation I these past ten years. Put your People needs In our hands zI r and join the winners'circle. ■i iV OTAMJSHB> mnot m* VISA FREIGHT SERVICES
      320 words
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      115 43 4 LKGIHO; I Thunderstorm Tomporotwo A Y Showw W«olh« Wind fraction with ipttd in knots Wove height S TjS®* ■*'■"< fcf mn wfcid. Hy witfc Mm wind 0 On» circle represents cofcn or fight and variable winds J-_ Ono half fteche represents 5 knots I—•• Ono fvJftoch* roprosonts 10 knots
      115 words
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