The Business Times, 18 June 1993

Microfilm: NL18530
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Friday June 18 1993 75'
    13 words
  • 2am LATEST
    • Article
      Lock icon IBM Canada to cut 10pc of workforce
      85 1 Reuter TORONTO IBM Canada Ltd has unveiled plans to eliminate 10 per cent of its workforce by 1993 through a new early retirement programme for marketing and service employees. The Canadian subsidiary of Armonk, NY-based International Business Machines Corp said the new initiative
      Reuter  -  85 words
    • Article
      Lock icon Citicorp may move some data centres
      61 1 Reuter NEW YORK Citicorp may move some foreign data processing centres to the US over the next five years. Chairman John Reed says that over the next five years, computer operations now handled in Germany and the United Kingdom will be moved to the
      Reuter  -  61 words
  • Article, Illustration
    MARKET SUMMARY
    106 1 Tharsday C hange STI1 1812.99 +1.33 KLSE Composite 720.46 -16.05 Nikkei 19,925.51 +23.09 Hang Seng 7.189.10 -115.73 SET Index 880.66 +7.27 Jakarta Composite ...354.93 +0.93 Aust All Ord 1.727.2 +2.5 FTSE 100 2.875.7 -7.3 Tharuiay Prukm I lam dose Dow Jones 3,514.14 3.511.65 Exchange rates us$ s$ USS
    106 words
  • Article
    HK exchange clamps down on false markets in shares
    458 1  -  From Stephen Vines in HONGKONG THE Hongkong Stock Exchange will crack down on companies and directors who create or allow false markets to exist in their shares. A false market essentially means that directors or major shareholders control sufficient stock to
    458 words
  • Article, Illustration
    Miyazawa stalls no-confidence vote in desperate bid to tame party rebels
    566 1 TOKYO Japan's fractious ruling party stalled a key confidence vote in parliament yesterday in hopes of whipping into line pro-reform party rebels threatening to bring down the government. Beleaguered Prime Minister Kiichi Miyazawa looked increasingly likely to call snap
    566 words
  • Article
    Govt crisis sends yen plunging
    86 1 TOKYO lhe possibility of a split in the ruling party that has monopolised power in Japan for almost 38 years sent jitters through financial markets in Tokyo. The yen plunged, hitting 107.55 to the LS dollar and 64.876 to the Deutsche mark. Stocks slid one
    86 words
  • Article
    Lock icon China takes firm steps to cool overheating
    147 1 UPI HONGKONG Chinese Communist Party leaders and China's State Council recently adopted strict measures to deal with the country's seriously overheating economy. The pro-China H en Wei Po newspaper here yesterday cited an authoritative source in Beijing as saying the central leadership recently
    UPI  -  147 words
  • Article, Illustration
    KL's long market rally suffers first major correction
    583 1  -  From Leslie Lopez in KUALA LUMPUR THE three-month rally in the Kuala Lumpur stock market suffered its first major correction yesterday as massive selling hit second-liner stocks amid talk of impending curbs on reverse takeovers and share financing. The sell-out, which shaved
    583 words
  • Article
    Fixed price portion of Keppel offer subscribed 14 times at first count
    382 1  -  By Quak Hiang Whai SINGAPORE Keppel Bank's initial public offering closed yesterday with indications late last evening that the fixed price portion had been subscribed by about 14 times. Preliminary results for the tender offer were unavailable last
    382 words
  • Article
    Lock icon Indian Congress Party backs Rao over money charge
    320 1 Reuter, UPI NEW DELHI Indian Prime Minister Narasimha Rao's Congress Party yesterday expressed confidence in his leadership after he was accused of taking money from a flamboyant broker at the centre of India's biggest financial scandal. The Congress Working Committee, the party's
    Reuter,; UPI  -  320 words
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      175 1 CONTENTS Spore News 2 S poreW sia ...9,10.11 Regional News 3.4.6 Financial 12.13 World News 8 Features Markets Analyse 1 27 Ctob/KLSt. S£S 19,20 Editorial 26 Regional 17 Sports 21 World IS TV/Lrtestyle 23 Currencies 13 Regional Focus 7 Smei/Commo 13.16 Subscription Tel 1800-*****77 Fai *****7b BT Editorial Tel *****18
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      19 1 Advertising Marketing: pg 24 Who's the vainest of us all? Wages Council tackles thorny issues of flexiwage, Page 26
      19 words
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      12 1 Hock Lock Siew: pg 9 Have you heard the latest about IPC?
      12 words
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      69 1 The Bottc^ I/irw Taiwan fever YCH GROUP TRANSPORTATION WAREHOUSING SPECIALIST SINCE 1955 YOUR PARTNER IN TOTAL LOGISTICS CALL: 862-2828 (20 LINEsT~~~" FAX: 861-6366 Analysts say Rao's survival is in doubt. Pg 7 In .*> •> %«b a. testonr BOLOGNA ITALIA 'V t V. '.V V7>-'-j--:- -t AT A. TESTONI BOUTIQUES
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      6 1 Hata the rebel leader. Back Pg
      6 words
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Banking on the resale value
        333 2  -  By A J Leow 11 IE BULLISH mood of the property market last month led to an 18 per cent jump in the number of newspaper property advertisements compared to April. The surge in the property resale ad volume in The Strails limes' Classified section
        Source: ST Classified Ads  -  333 words
    • Article, Illustration
      Lock icon URA to sell two more landed property sites next week
      284 2  -  By Lilian Ang THE government will release two more sites for landed property projects late next week one in Kew Drive and the other in University Road. The sale, to be handled through the Urban Redevelopment Authority, will involve a
      Source: URA  -  284 words
    • Article
      IRAS warns housing agents not to help in illegal sub-letting of flats
      288 2 THE Inland Revenue Authority of Singapore has begun sending out letters to real estate agents warning them against helping Housing and Development Board lessees illegally sub-let their flats. Confirming the move yesterday, an IRAS spokesman said the authority
      288 words
    • Article
      Select committee begins public hearing on GST
      196 2 MEMBERS of the business community will give their views on the Goods and Services Tax when a parliamentary Select Committee holds its first public hearing today. Representatives from the following business groups will appear before the committee: the Chinese Chamber of Commerce and
      196 words
    • Article
      Singapore to stage international orchid show in August
      213 2  -  By Ven Sreenivasan AN INTERNATIONAL show to be held here in August is likely to give the orchid industry a major boost. The event, announced yesterday by the Trade Development Board, will be on par with world-renowned fairs such as Florissimo in
      213 words
    • NEWS ROUNDUP
      • Article
        Seminar on Goods and Services Tax
        82 2 THE Association of Small and Medium Enterprises will hold a seminar and forum on the Goods and Services Tax tomorrow. The seminar, which will discuss the effects of GST on businesses, is from 9 am to noon at Amara Hotel. The speakers are Sum
        82 words
      • Article
        Adhesive stamps for Exit Permits
        60 2 FROM today, the use of adhesive revenue stamps will be extended to the Bank Guarantees required by Mindef for the issue of Exit Permits under the Enlistment Act, Cap 93. Banks may apply to the Commissioner of Stamp Duties Act to denote the payment of
        60 words
      • Article
        SilkAir to increase flights
        72 2 SILKAIR plans to expand its services and fleet in the next four months. Rights to Cebu and Yangon will be increased from twice to three times weekly, and there will be two more flights to Medan, bringing the total number of weekly services to nine. Services
        72 words
      • Article
        Murata opens $8m technical centre
        48 2 FACTORY and office automation equipment maker Murata Machinery officially opened an $8-million Technical Centre at Loyang Way yesterday. Company president Junichi Murata said: "We hope to add research and development to our activities here, with a long-term view of starting up manufacturing operations."
        48 words
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      183 2 Capture your precious moments The exclusive timepicce with genuine 7 gemstone dial. Ideal to own or to present the perfect corporate gift. 7 Ki*«Chongßoad Tel: *****97 Fax *****88 f Before you take your first step, we take 250. SINCE 1873, Church Company has to elegant Available at Isetan Orchard. Isetan
      183 words
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      289 2 gaaagaaagi ■UftiaiSS MACAZINK I" WINDS OF CHANGE Socio Economic Trends Globally/Regionally Business Strategies for the Future BUSINESS FORUM 16 JULY 1993 SINGAPORE BUSINESS DINNER BANQUET 15 JULY 1993 SINGAPORE VENUE WESTIN STAMFORD HOTEL The Keynote Address will be delivered by: Former Prime Minister of Australia WKNH/Hk "The Corporate Regional Partnership"
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  • THE REGION
    • Article, Illustration
      Lock icon Snags in bid to form interim govt, says Sihanouk
      609 3 The Cambodian power struggle Reuter, AP PHNOM PENH Prince Norodom Sihanouk yesterday met a wayward son who tried to form an autonomous zone in Cambodia and declared the attempt over but the Cambodian head of state said that serious problems had
      Reuter,; AP  -  609 words
    • Article
      Asean ministers back Sihanouk's call
      227 3  -  By Nirmal Ghosh SINGAPORE Asean foreign ministers yesterday gave their backing to Prince Norodom Sihanouk's call for national reconciliation in Cambodia. "A calm and stable political climate will contribute to the drafting of the Constitution and the peaceful establishment of a new government in accordance
      227 words
    • Article
      Lock icon Indonesian military chief: KL ignoring status quo on disputed isles
      247 3 UPI JAKARTA Indonesian armed forces commander General Feisal Tanjung has accused Malaysia of ignoring the status quo on the two disputed islands off East Kalimantan, while both sides continued diplomatic ways to resolve their territorial claims. However, Gen Feisal said
      UPI  -  247 words
    • Article
      Lock icon M'sia still threatened by high monetary supply: economists
      368 3 Reuter KUALA LUMPUR Malaysia's economy is back on track to steady growth after a recent blip but economists say money supply is still way too high for comfort. "The economy has picked up again but money supply is still very high and
      Reuter  -  368 words
    • Article
      Manila officials hit out at IMF representative
      277 3  -  From Al Labita in MANILA TWO SENIOR officials yesterday lashed out at the International Monetary Fund's (IMF) resident representative in the Philippines for criticising the government's failure to check power cuts and impose new taxes. In a joint statement, Finance Secretary Ernest Leung
      277 words
    • Article
      Lock icon KL lifts ban on foreign workers
      141 3 AFP KUALA LUMPUR Malaysia has lifted a freeze on foreign workers to prevent a labour crunch from crippling its booming manufacturing sector. Deputy Prime Minister Ghafar Baba was yesterday quoted as say ing that the cabinet decided on Wednesday to allow recruitment of skilled
      AFP  -  141 words
    • ASIA NOTES
      • Article
        Lock icon Nearly 1m Bangladeshis work abroad
        116 4 Bernama-Xinhua DHAKA Over 900.000 Bangladesh nationals, with permission of the government, are now employed in the Middle East countries, Malaysia and Singapore. According to official statistics disclosed yesterday, 401,799 Bangladeshis are employed in Saudi Arabia, 76,094 in Kuwait, 108,910 in United Arab Emirates, 54,418 in
        Bernama-Xinhua  -  116 words
      • Article
        Lock icon Japan traders want lower income tax
        97 4 Reuter TOKYO The Japan Chamber of Commerce, one of the country's four influential business groups, urged yesterday that income tax should be lowered. "The current tax system relies too much on income tax. This should be revised in the mid-term to cope with the
        Reuter  -  97 words
      • Article
        Lock icon Aussie reserves up in May
        43 4 Reuter SYDNEY Australia's holdings of gold and foreign exchange assets rose to U5513.95 billion (5522.5 billion) in May from U5513.35 billion in April, and compared with U5516.26 billion in May 1992, the Reserve Bank of Australia said yesterday.
        Reuter  -  43 words
      • Article
        Lock icon Taiwan opposition to visit China
        93 4 AFP TAIPEI Legislators from the leading opposition Democratic Progressive Party (DPP) are to visit China in two groups during the parliament recess in July, their aides said yesterday. The China visit marks the first by groups of Taiwanese opposition politicians. DPP officials have previously visited
        AFP  -  93 words
      • Article
        Lock icon Compulsory registration in Sri Lanka
        87 4 UPI COLOMBO The Ministry of Defence has requested all chief householders throughout the island to register their households, including family members and temporary residents, with the officer-in-charge of the local police in the area. The ministry said all chief occupants are required to fill in
        UPI  -  87 words
      • Article
        Lock icon Shooting along Korean border
        63 4 AP SEOUL Two bullets apparently fired by North Korean sol*diers hit a South Korean guard post along the heavily armed border but hurt no one, the government said yesterday. A team *of military experts was dispatched to investigate the incident which occurred near the central eastern
        AP  -  63 words
    • Article
      Lock icon S Korean economy projected to grow by 6.9pc annually
      464 4 Reuter. UPI SEOUL The South Korean economy will grow by 6.9 per cent in real terms annually on average during a new 1993-97 five-year plan period to boost the gross national product (GNP) to U*****.6 billion (*****.2 billion) in the target
      Reuter.; UPI  -  464 words
    • Article
      Korean talks meaningless if nuclear issue not tabled: Seoul
      381 4  -  From S N Vasuki in SEOUL ALTHOUGH Seoul is yet to decide on North Korea's invitation to resume talks next week, a senior official of the South's National Unification Board said yesterday it would be meaningless to talk unless Pyongyang agreed
      381 words
    • Article
      Lock icon Hyundai labour strife may spread throughout S Korea
      251 4 Reuter SEOUL Labour strife is spreading gradually through the Hyundai Group, one of South Korea's biggest industrial powerhouses, and analysts yesterday put the blame on rosy government pronouncements on the economy. Workers at Hyundai Motor voted this week to down tools for
      Reuter  -  251 words
    • Article, Illustration
      Lock icon Fighting for a living
      62 4 AFP TAIPEI A Taiwanese aborigine and his daughter joining a protest in front of the Interior Ministry building yesterday. Some 50 aborigines living in the National Park of Yushan Jade Mountain in southern Taiwan staged the protest. They want the ministry to exclude the aboriginal reserves
      AFP  -  62 words
    • Article
      Lock icon Taipei plans to restrict capital outflow, especially to China
      309 4 Reuter TAIPEI Taiwan's central bank will take steps to curb a heavy outflow of capital for investment abroad, particularly in China, central bank governor Samuel Shieh said yesterday. "Capital flows have become the greatest financial problem facing our country The central
      Reuter  -  309 words
    • Article
      Lock icon Industrial giants to trim units, focus on core sectors
      260 4 Reuter SEOUL At government urging, the biggest of South Korea's sprawling conglomerates have started a streamlining process that is expected to reach the other industrial monsters that power the nation's economy. Analysts say the moves by the top two chaebol. Samsung
      Reuter  -  260 words
    • Article
      Lock icon More UK passports for HK accountants, lawyers, engineers
      268 4 South China Morning Post HONGKONG Accountants. lawyers and engineers are likely to be allocated a greater share of the British Nationality Scheme because intense demand from the three groups has outstripped other professions. More than half the territory's professional accountants and more
      South China Morning Post  -  268 words
    • Article, Illustration
      Lock icon Aussie consumer confidence down sharply in June
      538 6 Reuter SYDNEY A key indicator gf Australian consumer confidence in June posted its sharpest drop since February 1989 yesterday, raising fears of a slowdown in the country's fledgling economic recovery. The Westpac Banking Corp/Melbourne Institute index of Australian consumer sentiment fell 9.5 per
      Reuter  -  538 words
    • Article
      Lock icon Keating to focus on trade, investment in visit to South Korea and China
      402 6 Reuter CANBERRA Australian Premier Paul Keating will seek to cement the country's economic foothold in Asia during a visit to South Korea and China, beginning on Sunday. Government officials said yesterday that Mr Keating, in his fifth
      Reuter  -  402 words
    • Article
      Lock icon Central bank confident of higher investment
      296 6 AFP SYDNEY Australian companies are well placed to increase their level of investment following the restructuring of the balance sheets in the wake of 1980s debt excesses. The central Reserve Bank said in its June bulletin yesterday: "For many firms the process of restructuring
      AFP  -  296 words
    • Article
      Lock icon Sri Lankan troops start offensive in north as civilians flee
      253 6 Reuter COLOMBO Government troops backed by helicopters launched an offensive yesterday in a northern area that at least 150 civilians have fled from to avoid being conscripted by Tamil rebels. Brigadier Nalin Angammana of the military's Joint Operations Command said
      Reuter  -  253 words
    • Article
      Lock icon Pakistan police beat up women opposition workers
      312 6 UPI ISLAMABAD Police attacked opposition workers in Pakistan for the second consecutive day on Wednesday as the protesters widened their campaign to demand new elections in the country. Police armed with batons beat a group of women members of the opposition Pakistan Peoples'
      UPI  -  312 words
    • Article, Illustration
      Lock icon Enough to drive one mad
      36 6 Reuter NEW DELHI The residents of India's capital are fed up with 'Red Line" buses. Since the privately-owned company started operations last September, its buses have killed about 50 people. Reuter
      Reuter  -  36 words
    • Article
      Lock icon India's GDP 3 times larger than estimated
      777 6 Undeclared income is at least US$ 112b a yean IMF study Reuter NEW DELHI There was much excitement in India when the International Monetary Fund concluded recently that the country's economy was three times larger than previously estimated. But even using traditional accounting.
      Reuter  -  777 words
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      130 3 ACQUIRE I HE COMPETITIVE IN BUSINESS COME TO (HE LEADING EXHIBITION ON i>o CUM EN' MANAGEMENT, NETWORKING. OPEN 5- /STEMS WORKSTATIONS 3RD ASIA PACIFIC N IMAGING INFORMATION WHVIST ASIA PACIFIC NETWORKING. MANAGEMENT EXHIBITION OPEN SYSTEMS WORKSTATIONS AND CONFERENCE Hill VJ EXHIBITION AND CONFERENCE RAFFLFS CITY CONVENTION CENTRE, SINGAPORE EXHIBITION 17
      130 words
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      105 3 r j THE MIDDLE-EASTERN FOOD PROMOTION Vsv v .r* »■< >. .1 •J-r V. >(- 4 1 >» -v >' >> 1 .V j M The news is out! Somebody has found a Genie bottle at the entrance of The Westin Stamford. And it's whipping up a Middle-Eastern Food Promotion
      105 words
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      427 4 CONFUCIUS M jf £r" TSM 10. Mem to Ipm My CULTURE fdLdife Date 2IJonelH3 (Saturday) &MATIUF 1to0 IIH II WE l|M|| |j Tradoft Investment Opportonitiee in fijll 1 f Jf' Venue Hall 2. World Trade Contra, PfI|QOIIQTfS oBJBI' oat 2iTnV7w3 (Saturday) U Tjmf t.ooam-11.30im Rosonration: *****31 (MaSotvi) ilm Si Foreign
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      44 5 ARX SERIES: THE WALL STREET LOOK* l h >%5iT NISSAN BLUEBIRD PRESENTS TWO STYLES IN EXECUTI V E W E A R. t'- -";fe ■|i|MMi||My«d| i >^V" i v SSS SERIES: THE MIAMI LOOK SS39 '*~'\W"+'. C.. .r. i- /*-».-•>'• »"•<•>#** •V > -IP v ..>■.- A IMMB——
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      152 6 THERE WOULDN'T BE US! HAPPY FATHER'S DAY, DAD." j Li. m l! Dynasty Garden salutes the "Man the House" with complimentary longevity buns and II VI chocolates for every table, I and a special feast prepared just for him! SET FOR 4 $138"/ $188** J 4 SET FOR 6 $238**
      152 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Rao's survival in doubt: analysts
      755 7  -  India's political crisis From Rajendra Bajpai in NEW DELHI DEVASTATING allegations by Bombay broker Harshad Mehta of financial impropriety has put the political survival of embattled Indian Prime Minister P V Narasimha Rao in doubt, analysts say. Mehta, a key defendant in last year's multi-billion
      AFP  -  755 words
    • Article
      Bombay market unfazed by Mehta's bribery claims
      499 7  -  Frtm Yogi Aggarwal in BOMBAY SENTIMENT on the Bombay Stock Exchange (BSE) remains upbeat despite stockbroker Harshad Mehta's startling bribery accusations against the Indian Prime Minister, brokers say. While pivotal stocks fell fairly sharply in kerb deals after Mehta's press conference on Wednesday,
      499 words
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      51 7 All nt mils ME JOT CMS. WIT H WIT H KIT H WIT M WIT H WIT H WIT M WIT IH WIT H WIT H WIT H WIT IS SIIEMIIE SIM I SNUUI ISUUI? mrorom volvo Xsss S M Motors Pta Ltd 249 Alexandra Road. Smgapore 0315. Tel: 473
      51 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Split of Black Sea fleet to be speeded up
        77 8 AFP MOSCOW Russia and Ukraine yesterday agreed to accelerate plans to divide the Black Sea fleet of the former Soviet navy and build their own naval forces in the region. An official communique. sent to news media following talks between Russian
        AFP  -  77 words
      • Article
        Lock icon Boutros-Ghali to meet Tareq Aziz
        76 8 AFP GENEVA UN Secretary General Boutros Boutros-Ghali will meet Iraqi Deputy Prime Minister Tareq Aziz in Geneva on June 22, diplomatic sources said yesterday. The meeting between the two men was requested by Mr Aziz and will focus primarily on humanitarian aid to Iraq, frozen
        AFP  -  76 words
      • Article
        Lock icon Shetland oil spill not serious
        103 8 AP LONDON The world's 12th largest oil tanker spill caused less immediate damage than first feared and did not threaten the survival of local fish and bird populations, a report said yesterday. More than 24 million gallons (93 million litres) of oil gushed from the
        AP  -  103 words
      • Article
        Lock icon US nod for Israeli contact with N Korea
        78 8 AFP JERUSALEM The US has given Israel the green light for contact with North Korea to try to halt missile sales in the Middle East, foreign ministry officials said yesterday. Senior members of the ministry would leave shortly for Pyongyang to press
        AFP  -  78 words
      • Article
        Lock icon Israel may impose capital gains tax
        91 8 AFP JERUSALEM Senior treasury' officials may recommend the government impose a long-rumoured tax on profits from shares traded on the Tel Aviv Stock Exchange, the newspaper Haaretz said yesterday. The market, which had rallied since Prime Minister Yitzhak Rabin on Tuesday ruled out such
        AFP  -  91 words
      • Article
        Lock icon Alberta Tories win 7th straight polls
        67 8 UPI EDMONTON, Alberta Alberta Premier Ralph Kleins Progressive Conservatives on Tuesday extended the party's 22-year reign, winning a majority government in seven consecutive provincial elections. Analysts said Mr Klein's personal popularity countered attempts by new Democratic Party leader Ray Martin and Liberal leader Laurence
        UPI  -  67 words
    • Article
      Lock icon S African political sanction sought for debt accord
      344 8 Reuter CAPE TOWN Foreign banks are for the first time demanding the endorsement by South Africa's major political players of a renegotiated debt repayment programme. Finance Minister Derek Keys said yesterday: "This is in contrast to their attitude in previous renegotiations, where
      Reuter  -  344 words
    • Article
      Lock icon US industrial production up 0.2pc in May
      476 8 AP WASHINGTON US industrial production puttered along at a gradual growth rate in May but an increase in housing construction offered hope that factories soon would receive more orders for furniture and appliances. Output at the nation's factories, mines and utilities rose a
      AP  -  476 words
    • Article, Illustration
      Lock icon My neighbour, my rapist?
      74 8 Reuter BOSNIA-HERZEGOVINA Muslim prisoners-of-war being identified as possible rapists in predominantly Muslim Konjic by Grozdana Cecez, a Serbian woman, who was held prisoner and frequently raped over three-and-a-half months by her Muslim captors. Although she recognised some of them as her former neighbours, they had not
      Reuter  -  74 words
    • Article
      Lock icon Bonn remains on collision course with EC partners
      546 8 IHT, Reuter. BRUSSELS Germany remains on a collision course with its European Community partners despite efforts to defuse a dispute over Bonn's separate deal on telecommunications with Washington. The Economics Ministry in Bonn said on Wednesday that although the government had agreed
      IHT,; Reuter.  -  546 words
    • Article
      Lock icon Democrats agree on compromise tax bill
      527 8 Reuter WASHINGTON Democrats on the Senate Finance Committee have agreed to a compromise version of President Bill Clinton's economic plan that includes a 4.3 cent per gallon tax on petrol and other transportation fuels. The deal cuts the deficit by US$5OB billion (*****.9 billion)
      Reuter  -  527 words
    • Article, Illustration
      Lock icon US business all set to back Nafta; Kantor
      395 8 Reuter ATLANTA American business is likely to launch a full campaign for the North American Free Trade Agreement (Nafta) after side agreements are forged on labour and the environment, according to US Trade Representative Mickey Kantor. The Clinton Administration's chief trade negotiator
      Reuter  -  395 words
    • Article
      Lock icon Russia in power-sharing deal with regions
      436 8 Reuter MOSCOW Russian President Boris Yeltsin's top legal aide said yesterday he had clinched a power-sharing deal with Russia's republics and regions that would stave off the threat of disintegration or civil war. Deputy Prime Minister Sergei Shakhrai said the 88 territories that make
      Reuter  -  436 words
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      19 8 Appointments H HR New Zealand High Commission: II Personal Assistant-Secretary II to the High Commissioner and Hi Investment Counsellor
      19 words
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      110 8 THE ASIAN WALL STREET JOURNAL. Limited copies are available for subscription from July Ist. To reserve your subscription, just fill in and return (via fax) this coupon below. Yes, 1 would like to reserve my copies of The Asian Wall Street Journal for 1 I 1 year at $390-00,1 save
      110 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Russian operations set to be Acma's main moneyspinner
      505 9  -  By William Chia SINGAPORE Singapore electronics group Acma Ltd expects its Russian operations to eventually contribute more than 50 per cent of group profit. Executive chairman Quek Sim Pin said in the company's latest annual report that the opening up of the
      505 words
    • Article
      CityDev, Hong Leong now substantial holders of HTP
      364 9 SINGAPORE Property giant City Developments and its parent Hong Leong Investment Holdings have emerged as substantial shareholders of HTP Holdings Ltd after the JackChia MPH group sold a substantial chunk of HTP on Monday. HTP said in a statement yesterday that CityDev
      364 words
    • Article
      CDL Hotels to issue 17m shares to Hong Leong firms to settle dispute
      227 9 SINGAPORE CDL Hotels International will allot and issue 17.05 million shares of HK$l each to three other companies in the Hong Leong group as the final settlement of a long-standing dispute involving Apollo Enterprises. The legali tussle
      227 words
    • Article
      GRP to place out 3.75m shares at 74 cents each
      204 9 SINGAPORE Sesdaq-listed hose supplier GRP Ltd will raise money through a private placement of 3.75 million shares at 74.68 cents each to finance its regional investments. GRP said yesterday it was exploring investment opportunities in the region for measuring instrument
      204 words
    • Article
      Psst... have you heard the latest one about IPC?
      669 9  -  HOCK LOCK SIEW By Joseph Rajendran SINGAPORE In spite of the recent weakness of the local stock market, the share price of computer firm IPC has set records of sorts. Daily volumes now range from five million to 10 million shares,
      669 words
    • Article
      Sembawang gets fresh offer to operate air service in Hainan
      455 9  -  By Yong Row Ang SINGAPORE The central Chinese government in Beijing has finally given the Sembawang group the go-ahead to operate an air service on Hainan island months after the Singapore company shelved the project. Hainan governor and party secretary
      455 words
    • Article
      Lock icon Malaysian French Bank posts 24pc rise in pre-tax profit
      304 9 Bernama KUALA LUMPUR Malaysian French Bank Bhd has registered a pre-tax profit of M 528.6 million (5517.9 million) for the year ended Dec 31, 1992, an increase of 24 per cent over the 1991 profit of Ms 23 million. The bank,
      Bernama  -  304 words
    • Article, Illustration
      Lock icon SUMMARY
      332 9 Source: Bridge Info Performance of STII's Index stocks Jun 17 Last Seaae Stock sale Chcc bdorwmn (S) (I) Am mo 2.280 -0.010 1.76 -10-53 CAC 7.100 0.100 5 48 105.26 Cerebos 5 300 0 200 4 09 210.53 FAN ***** 0.100 9.10 105.26 GF Asm 2 960 -0.040 2.28
      Source: Bridge Info  -  332 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon Leong Hup to issue guaranteed bonds
          116 10 Bernama KUALA LUMPUR Leong Hup Holdings Bhd has proposed to issue MSIOO million (5562.9 million) principal amount of 4.375 per cent redeemable bank guaranteed bonds due 1998 with 36.22 million detachable warrants. A Leong Hup statement here yesterday said that the bonds with detachable
          Bernama  -  116 words
        • Article
          Lock icon B Setegap negotiating M$200m deals
          81 10 Bernama PETALING JAYA Binaan Setegap Bhd has enough orders to look forward to continued business in its core activity ot road construction and maintenance for some time to come, managing director Cheong Chee Huat said in an annual general meeting yesterday. The company is now
          Bernama  -  81 words
        • Article
          Lock icon Trading in three HK stocks suspended
          94 10 Reuter HONGKONG Trading in shares of Continental Mariner Investment Co Ltd, Lolliman Holdings Ltd and Emperor (China Concept) Investments Ltd was suspended just before lunch yesterday at the companies' own request pending an announcement, the stock exchange said. Continental Mariner is a shipowning and
          Reuter  -  94 words
        • Article
          Lock icon China firms to issue unlimited forms
          86 10 Bloomberg Business News HONGKONG The nine China state-owned enterprises planning to list on the Hong Kong Stock Exchange will issue unlimited numbers of share application forms in China to avoid a repeat of last year's new issue chaos that led to riots in the
          Bloomberg Business News  -  86 words
        • Article
          Lock icon SMI on the lookout for properties
          59 10 Bernama KUALA LUMPUR South Malaysia Industries Bhd is continuously looking for suitable properties to expand its land bank for future development, chairman Mohd Ramli Kushairi said. He said in the company's 1992 annual report released here yesterday that it was also confident the property
          Bernama  -  59 words
        • Article
          Lock icon Federal Furniture to buy office space
          75 10 Bernama KUALA LUMPUR Federal Furniture Holdings (M) Bhd has proposed to acquire two floors of office space measuring 25,436 sq ft at the proposed Menara Choy Fook On in Petahng Java from Cipta Sentosa Sdn Bhd for M$ 10.05 million (556.3 million) cash. Cipta
          Bernama  -  75 words
        • Article
          Lock icon D Keramat improves plant capability
          58 10 Bernama KUALA LUMPUR Datuk Keramat Holdings Bhd, a Malaysian tin smelter, is well equipped to meet any new market requirement, said chairman Hamzah Sendut in his 1993 annual report. Mr Hamzah said the plant capability had been further enhanced to produce a wider variety of
          Bernama  -  58 words
      • Article
        UNIT TRUSTS & FUNDS
        480 10 UNIT TRUSTS FUNDS Managers' prices Jun 18 Insurance Fund Singapore Unit Trust 345 The Commerce 1.35 l.42xd Prudential The Sj\»ngs Fund 1.23 1.29 PmLink Mgd Fund 1.13 1.19 S pore Prog Fund 0 56 0 59 MARA Riiminartra S'porc See Fund 090 095 IWUW-BUmipUira S'pore Invest Fund 0.99 I 04xd
        480 words
      • Article
        Lock icon HK Telecom to be forced to limit charges for home phones
        464 10 Bloomberg Business News HONGKONG Hongkong Telecommunications will be forced to cap increases in charges for residential phone lines below the annual intlation rate under government proposals to be published today. Following pressure from law-makers concerned about the company's monopoly
        Bloomberg Business News  -  464 words
      • Article, Illustration
        Lock icon Bond in court over fraud charges
        108 10 Knight-Ridder PERTH Fallen Australian entrepreneur Alan Bond (right) was making his way back to court in Perth yesterday to answer fraud charges concerning allegedly false statements made to the board of his former flagship company Bond Corporation Holdings Ltd in 1988 and 1989. The
        Knight-Ridder  -  108 words
      • Article
        HK exchange maintains regulatory standards for listings of China firms
        524 10  -  From Stephen Vines in HONGKONG THERE will be no relaxation of regulatory standards for Chinese state corporations seeking a listing on the Hongkong Stock Exchange. This was made clear yesterday when the exchange unveiled new listing rules for the Chinese
        524 words
      • Article
        Lock icon Manila to sequester seven firms of tycoon Lucio Tan
        324 10 AFP MANILA The Philippine government said yesterday it would sequester seven firms controlled by Chinese-Filipino businessman Lucio Tan. as it pursues its bid to recover the alleged ill-gotten wealth of the tobacco tycoon. Presidential Commission on Good Government (PCGG) chief Magtanggol
        AFP  -  324 words
      • Article
        Lock icon Wharf Cable to launch Asia's first local 24-hour news service
        270 10 Bloomberg Business News HONGKONG Wharf Cable. a subsidiary of Hongkong conglomerate Wharf Holdings, will be the first company to launch a local 24-hour news service in Asia, the company said yesterday. In addition, the company unveiled plans to provide a
        Bloomberg Business News  -  270 words
      • Article
        Lock icon Miramar says open letter doesn't represent board
        192 10 Reuter HONGKONG Miramar Hotel Investment Co Ltd's board said general manager Young Bing-ching's open letter commenting on a takeover bid by Cheung Kong and Citic Pacific does not represent the board. "The board of Miramar would like to clarify that the opinions expressed
        Reuter  -  192 words
      • Article
        Lock icon Goldman Sachs fined for breaking UK securities rules
        415 11 UPI LONDON The US-based investment bank Goldman Sachs has been fined £160.000 (*****,000) for breaching British securities regulations in dealings with companies controlled by the late media tycoon Robert Maxwell. The Securities and Futures Authority (SFA), the self-regu-lating body that oversees all
        UPI  -  415 words
      • COMPANY BRIEFS
        • Article
          Lock icon Daimler-Benz sees profits recovery
          70 11 Reuter STUTTGART Daimler-Benz, Germany's largest industrial company, is on course for a profits recovery next year, the group's finance director said on Wednesday. Gerhard Liener said next year's profits could be twice as high as in the current year. This means a figure of around two
          Reuter  -  70 words
        • Article, Illustration
          Lock icon Italy's Ferruzzi shares rebound
          111 11 Reuter MILAN Shares in Ferruzzi Finanziaria, Italy's second lafgest private sector industrial company, rebounded yesterday after banks said they would keep the funds flowing while the debt-rid-den group restructures. After four hours of crisis talks at the Bank of Italy on Wednesday night, Ferruzzi's 15 leading
          Reuter  -  111 words
        • Article
          Lock icon Kyocera to supply Thais mobile phones
          76 11 Bloomberg Business News TOKYO Kyocera Coip, a major Japanese semiconductor producer, will supply mobile phones to a Thai company on an original equipment manufacturer (OEM) basis beginning this month, the Nihon Keizai newspaper said yesterday. Kyocera is also planning to export mobile phones to
          Bloomberg Business News  -  76 words
        • Article
          Lock icon NTT, Apple, AT&T in multimedia talks
          80 11 Bloomberg Business News TOKYO Nippon Telegraph and Telephone Corp is in talks with Apple Computer Inc and American Telephone Telegraph Co to develop terminals for multimedia telecommunications, the Nihon Keizai newspaper said yesterday. Robert E Allen, AT&Ts chief executive officer, and Apple's CEO John
          Bloomberg Business News  -  80 words
        • Article
          Lock icon Daily News revamp plan approved
          49 11 Bloomberg Business News NEW YORK A bankruptcy judge approved the reorganisation plan of the Daily News, the former operator of the New York Daily News tabloid. US Bankruptcy Judge Tina Brozman confirmed the reorganisation plan after creditors voted to support it. Bloomberg Business News
          Bloomberg Business News  -  49 words
        • Article
          Lock icon S Korea steelmaker execs arrested
          81 11 Reuter SEOUL Past and present executives of the world's second largest steelmaker. South Korea's Posco, have been arrested on charges of fraud and embezzlement, a Seoul prosecution official said yesterday. The official said Hwang Kyong No, ex-chairman of Posco (Pohang Iron and Steel Co), and
          Reuter  -  81 words
      • Article
        Lock icon HP shares fall over confusion about growth
        272 11 Bloomberg Business News NEW YORK HewlettPackard Co did not receive the response it had expected when its senior executives told German analysts the same thing they said in the US three weeks ago. Analysts and money managers must have thought they heard something
        Bloomberg Business News  -  272 words
      • Article
        Lock icon Morgan Stanley seeks to invest US$50m in Taiwan
        229 11 Bloomberg Business News TAIPEI Morgan Stanley Asset Management Ltd has asked the Taiwan authorities to allow it to invest another US$5O million (SsBo million) in the stock market here, the Securities and Exchange Commission (SEC) said yesterday. Under a programme begun in
        Bloomberg Business News  -  229 words
    • FINANCE
      • Article
        Lock icon China may be forced to devalue yuan
        290 12 Yuan slides to new low against dollar Reuter SHANGHAI The Chinese yuan slid to a new low against the US dollar on the Shanghai swap market on Thursday, and an influential economist said the government may be forced to devalue China's official rate
        Reuter  -  290 words
      • Article
        Lock icon SE-Banken to look to shareholders for capital
        96 12 NYT STOCKHOLM The Swedish government and Skandinaviska Enskilda Banken, the country's leading commercial bank, agreed on Wednesday that the first step towards recapitalising the loss-hit group should be a call on its shareholders. The joint statement said that "the bank's capital base should
        NYT  -  96 words
      • Article
        Citibank launches package for grads in their 20s
        356 12  -  By Kooi Cho Teng SINGAPORE Fresh graduates starting out on their careers will be the latest target of Citibank when it launches a new package for people in their twenties this Monday. Aptly named Twentysomething. the new product starts with a current
        356 words
      • Article
        Lock icon Thai banks urged to cut lending rates
        225 12 Reuter BANGKOK The Bank of Thailand again urged Thai commercial banks to cut lending rates for medium and small borrowers. A central bank paper said banks currently charge small borrowers up to 4.75 per cent more than they do bigger clients. It said
        Reuter  -  225 words
      • Article
        Lock icon Mitisubishi Bank's bad loans up
        131 12 Reuter TOKYO Mitsubishi Bank Ltd said its non-performing and restructured loans under US accounting standards rose to 847.2 billion yen (S$ 12.77 billion) at the end of March. 1993, from 651 billion a year earlier. Of the total, non-perform-ing loans at end-March rose to 657.5
        Reuter  -  131 words
      • Article
        Lock icon Days of free banking ending soon: journal
        229 12 Bernama KUALA LUMPUR Pricing policies of financial institutions will change in the future as most services offered free now will eventually be provided on a fee basis. The June issue of Banker's Journal said pricing policy would be structured according to the cost
        Bernama  -  229 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US, Russia, China blamed for tin crisis
        354 13 Reuter KUALA LUMPUR Unscheduled sales by Russia and China and rising disposals from US stockpiles are plunging the tin market into crisis, with prices sinking to historiclows. "1 don't think Brazil has a hand in the current price slump," said Redzwan Sumun. executive
        Reuter  -  354 words
      • Article, Illustration
        Lock icon Milking dairy products
        52 13 Reuter NEW YORK Coffee, Sugar and Cocoa Exchange president Bennett Corn (left), chairman Charles Ealk (centre) and new products chairman Charles [Vlastro (right)pat "Elsie" the cow on the floor of the exchange on Tuesday to launch trading in cheddar cheese and non-fat dry milk futures on the
        Reuter  -  52 words
      • SMALL CHANGE
        • Article
          Lock icon Loans growth down in M'sia
          95 13 Knight-Ridder KUALA LUMPUR Growth in loans by the Malaysian banking system slowed to 1.8 per cent in January-March from 2.4 per cent in October-December. Bank Negara. the Malaysian central bank, said in a statement. The actual amount of loans rose by M 52.7 billion (SSI.7
          Knight-Ridder  -  95 words
        • Article
          Lock icon HSBC declines comment on stake
          69 13 Reuter HONGKONG HSBC Holdings pic refused comment on rumours in Germany that it had built up a stake in Commerzbank. Spokesman Bob Sherbin said he could not comment on the talk, which had pushed up the bank's shares in heavy turnover this week, adding only
          Reuter  -  69 words
        • Article
          Lock icon New KL Futures Market GM
          77 13 Bernama KUALA LUMPUR The Kuala Lumpur Futures Market Sdn Bhd has appointed Mohd Azwar bin Mahmud. 35. as its general manager effective June 4. this year. As general manager. Mr Azwar will be responsible for KLFM's daily operations. Mr Azwar was previously the assistant manager,
          Bernama  -  77 words
        • Article
          Lock icon Proposal for Bundesbank VP
          59 13 Bloomberg Business News BONN German Finance Minister Theo Waigel yesterday proposed Bundesbank councillor Johann Wilhelm Gaddum for the post of vice-president of the central bank, a finance ministry official said. "This is not an official proposal, but we can confirm unofficially that Mr Gaddum's name has
          Bloomberg Business News  -  59 words
        • Article
          Lock icon Marubeni, Chiyoda win US$1b order
          73 13 AFP TOKYO Japan's Marubeni Corp and Chiyoda Corp have won an order worth US$l billion (551.61 billion) to build oil refineries in Uzbekistan for the state-owned Uzbeknefeteagaz company. An official said yesterday Marubeni, a major trading firm, and Chiyoda. one of nation's representative plant engineers,
          AFP  -  73 words
      • Article
        Lock icon Indonesia focusing on coal, output expected to surge 75pc by 2000
        268 13 Reuter JAKARTA Indonesia. Asia's only Opec member, is fast turning its eyes to coal with production expected to surge at least 75 per cent by the end of the decade, the head of the state coal mining company said
        Reuter  -  268 words
      • Article
        Lock icon Westpac announces A$500m preference share issue
        216 13 AFP SYDNEY Westpac Banking Corp Ltd announced yesterday the proposed issue of ASSOO million (***** million) in converting preference shares. The bank named Were Stockbroking Ltd and County Natwest Securities Australia Ltd as underwriters. A spokesman for the bank said the converting preference shares
        AFP  -  216 words
      • Article
        Oil prices in London and New York sustained by US gasoline interest
        387 13 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York rose yesterday, sustained by renewed interest in US gasoline, brokers said. Gasoline priccs received a boost from reports of lower stocks, encouraging traders to renew their
        387 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        139 13 The US dollar again made impressive gains overnight amidst widespread expectations of an imminent cut in the German discount rate. Against the Singapore dollar, the USS opened at 1.6155/65. up from Wednesday's 1.6115/20 close. Interest was mixed and saw the dollar trading between 1.6150 and
        139 words
      • Article
        Lock icon London
        199 13 Reuter LONDON The dollar rose against the deutschemark even alter the Bundesbank said it left its discount rate unchanged at 7.25 per cent at its policy-mak-ing council meeting. Traders said they're now convinced the Bundesbank will have to resume credit easing soon, regardless of the decision. This will continue
        Reuter  -  199 words
      • Article
        Lock icon New York
        89 13 AFP NEW YORK The dollar moved unevenly yesterday in moderately active trading, with traders apparently unaffected by new US economic indicators as German interest rates remained unchanged. In morning trading, the dollar traded at 1.6565 German marks against 1.6550 and at 106.70 yen against 106.40 yen. Earlier in
        AFP  -  89 words
      • Article, Illustration
        Untitled
        1510 13 IraJ,- aeifhiiil index cakulalrJ atam>t S jnre'i top 14 trajinf partnrt Ban' year !9Kf US$/S$ forward rates Noon June 17 s$ Bid Offer 1-month 1.6149 ***** 2-month 1.6149 1.6164 3-month 1.6149 1.6164 6-month ***** 1.6170 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore dollars to one unit
        1,510 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends higher on fresh buying
        1410 16 SJMEX REPORT Reuter SINGAPORE Simcx Euroyen futures ended higher in a flurry of fresh buying and short-covering spurred by the softer finish of the stock market in Tokyo, coupled with firmer Japanese government bond prices. "The main feature of the market was the gain
        Reuter  -  1,410 words
      • Article
        KL tin remains at record low
        620 16 cOMMOOmr reports Tin TIN yesterday closed unchanged at Tuesday's record low of M 512.90 a kg after the market failed to fix a price on Wednesday, traders said. Foreign players continued to be absent from the market, dominated by locals who returned after sellers
        620 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Group to develop Sakhalin oil fields
          79 16 MOSCOW The development of the Sakhalin offshore oil and gas fields by an international consortium is likely to go ahead soon after the Russian government and the Sakhalin administration approved a proposal to develop the fields, the Ministry of Fuel and Energy said. The
          79 words
        • Article
          Sugar beet output set to fall
          67 16 LONDON European sugar beet production is set to fall fractionally in 1993-94 to 29.54 million tonnes from 30.04 million tonnes the previous season, according to German analysts FO Licht. Output in western Europe, including the EC, is forecast to fall to 19.01 million tonnes
          67 words
        • Article
          Ghana to replant cocoa farms
          67 16 ACCRA Ghana will continue replanting cocoa farms with ■■tffcfcrids at a rate of 3QOBO hectares per year through 1995 to increase production, a Cocobod source said. He said the yield has been increasing steadily at a rate of 20.000 tonnes beginning 1991. Replanting began in
          67 words
        • Article
          FAO cuts cereal production forecast
          59 16 MILAN The United Nations Food and Agriculture Organisation has cut its 1993 forecast of world cereal production to 1.932 billion tonnes. The new forecast, contained in the FAO's monthly food outlook, is down 5 million tonnes from last month's estimate. The FAO also revised upward
          59 words
        • Article
          Japan's aluminium imports surge
          64 16 TOKYO Escalating Japanese imports of aluminium from Russia has served to weaken local market prices as the spot shipments supplant metal bought under long-term contracts, trade sources said. The current import trend exceeds traders' expectations early this year of a monthly rate of 7,000 to 8.000
          64 words
      • Article
        COMMODITY PRICES
        1580 16 Rubber June 17 HAS CwiiHy Eictwp (taturm ctoihn as at lpa) MS (pfcyaical prtcM) RSS 1 Cwrtract (S cents/kg) Bqm Srtirt Clo* Volume (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 July 93 128 50 129 50N Jul 93 129.00 129.00 129.25 100 Os0 ££S *'"{y
        1,580 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1053 17 2.5 The Australian share market closed higher with gold stocks and selected blue chip stocks leading the way. "It was a pretty quiet market with not a lot of interest towards June 30." said Graham McKenzie of Jardine Fleming, referring to the end of the financial year. The All
        1,053 words
      • Article
        Manila
        597 17 +7.90 The Philippine stock markets rebounded softly yesterday, reflecting investor support despite predictions of an economic crunch by a senior International Monetary Fund (IMF) official, traders said. The Composite Price Index at the Manila Stock Exchange gained 7.90 points, or 0.50 per cent, to close at 1.576.30, while the
        597 words
      • Article
        Seoul
        453 17 +3.28 Stocks closed higher for the second consecutive day, staying in positive territory throughout the session with buying interest on low-priced shares, brokers said. They said although trading was slow, the market was still in good shape. "It is fairly quiet and should remain this way for some time,
        453 words
      • Article
        Bombay
        103 17 -57.27 Stock prices fell following allegations by Bombay broker Harshad Mehta that he gave 10 million rupees to Prime Minister Narasimha Rao before he fought an election in 1991. The allegations by Mehta. one of the defendants in last year's multibillion rupee financial scandal, caused a major setback to
        103 words
      • Article
        New Zealand
        256 17 +3.63 The New Zealand share market finished another dull session slightly higher. Brokers said there was no particular selling pressure but buyers, particularly from offshore. were either absent or not aggressive. The NZSE-40 Capital Index closed up 3.63 at 1,645.46. off the session high of 1.648.31 but above
        256 words
      • Article
        Taipei
        589 17 -59.05 Stocks closed lower yesterday across the board in thin, bearish trade as selling continued from Wednesday and buyers stayed away, brokers said. The Weighted Index remained lower throughout the session, ending 59.05 points or 1.4 per cent down at 4,129.85. Turnover was T516.7 billion against Wednesday's T516.9 billion.
        589 words
    • WORLD STOCK MARKETS
      • Article
        London
        774 17 -7.3 Shares drifted to a mostly lower close as hopes of a UK interest rate cut faded foil wing news that UK unemployment fell for the fourth month in a row and the Bundesbank left official rates unchanged. The FTSE 100 Index finished 7.3 points lower at 2.875.7, towards
        774 words
      • Article
        Paris
        124 17 •18.50 The CAC 40 index of French blue chip stocks closed 18.50 points down at 1900.31 on poor earnings outlooks from several companies and investor disappointment the Bundesbank left its key interest rates unchanged. traders said. The volume of shares traded was moderate at barely 2.5 billion francs, compared
        124 words
      • Article
        Stockholm
        112 17 -0.19 pc Shares closed mixed despite the absence of a cut in the key interest rate and retailer Hennes Mauritz's weak six months earnings results. The OMX-index. which carries a futures contract, closed down 0.15 per cent at 838.97. while the Top-16 blue chip index edged up 0.11 per
        112 words
      • Article
        Frankfurt
        193 17 •10.29 Shares fell in post-bourse trading in what one dealer called a delayed reaction to yesterday's Bundesbank meeting, where the central bank kept interest rates unchanged, and a muchneeded consolidation on an overbought market. The initial reaction to the Bundesbank news had been muted, but she said hopes of
        193 words
      • Article
        Milan
        142 17 +2.86pc Blue chips rallied on a combination of Ferruzzi's recov- ery and technical buying linked to the first day of the July account. The MIB All-Share Index closes 2.86 per cent higher at 1,152. But dealers said the market was unsettled by the high volatility, which was keeping volume
        142 words
      • Article
        Johannesburg
        355 17 +22 Gold shares finished steady at the day's higher levels yesterday on a firm gold price and with sentiment boosted by bullish comments at this week's overseas precious metals conferences. The Gold Index ended 22 points up at 1.665. The Overall Index rose 25 points to 3.978 and the
        355 words
      • Article
        Toronto
        309 17 +4.69 Stocks climbed slightly at midday as gains in forest products firms offset losses among real estate and construction companies, dealers said. The forest products sector rose 94.72 points or 2.36 per cent to 4.115.9. The TSE 300 Composite Index was up 9.1 points at 3,901.6 on volume of
        309 words
      • Article
        New York
        810 17 19.65 Wall Street share prices edged up yesterday as investors held back ahead of today's expiration of quarterly stock-linked futures contracts. At 11:00 am. the Dow Jones index of 30 leading industrial stocks was up 2.49 points at 3,514.14. with 73 million shares having changed hands. The market
        810 words
      • Article
        Zurich
        267 17 +28.7 Shares ended at a record closing level, led by Nestle and Roche certificates, which surged in active late trade. Dealers could not give a special reason for the late surge, but said it could be related to today's expiry of contracts on the Soffex options and futures exchange.
        267 words
      • Article
        Amsterdam
        267 17 -1.57 Shares ended near session lows on profit-taking, selling ahead of the options expiry and disappointment that German interest rates were not lowered. The 24-share EOE index closed 1.57 points or 0.49 per cent lower at 315.61, at the low end of its intraday range of 315.30 to 318.32.
        267 words
      • Article
        Untitled
        622 17 Brussels Ja 17 Fraan FORWARD MARKET AG Fw 25«0 10 Vxc 2550 \rt<rd WW 40 Wur 640 Bnvan KM aapat 524 14 M 114 2 Beer. 4110 Ebrs 77 JO Flcdrahrl <i Belf IP> 2IU0 (■h-lnmvHm 129* -6 i<\ ttrt 6*20 20 Or Brn Ljmb '540 10 Hotut Pnro (500
        622 words
    • Article, Illustration
      Lock icon HONGKONG
      3104 18 Bloomberg Business News STOCK PRICES tumbled on fears the SinoBritish row over political reform in the territory may worsen and as China's yuan fell further on the nation's swap markets, brokers said. The Hang Seng index of top shares was down 115.73 points at 7189.10 on a turnover of
      Bloomberg Business News; Source: Bridge Info  -  3,104 words
    • Article, Illustration
      CHINA
      455 18 THE B share market in Shenzhen was even weaker than Wednesday with the CLSA Shenzhen B Index up slightly closing at 975.4. The "A" share markets in Shenzhen and Shanghai were both off yesterday despite rumours late in the day that some shares will be suspended. This would encourage
      455 words
    • Article, Illustration
      Lock icon TOKYO
      2503 18 Reuter STOCKS ended mixed as concerns over the fate of Prime Minister kiichi Miyazawa's government kept traders wary. But the Nikkei average retraced early losses on bargain-hunting and stemmed a three-day losing streak, brokers said. "The market is already becoming immune to the political crisis, even though we can't
      Reuter; Source: Bridge Info  -  2,503 words
    • Article, Illustration
      Lock icon NGKOK
      1800 18 Reuter INVESTORS, buoyed by rising prices and heavy volumes. bought broadly in active trade, brokers said. The SET index gained 7.27 points to close at 880.66 on turnover of 9.18 billion baht. Advances led declines by 185 to 70 with 59 stocks unchanged. By lunchtime. the index had risen
      Reuter; Source: Bridge Info  -  1,800 words
    • Article, Illustration
      Lock icon JAKARTA
      1076 18 Reuter Trading was active on Jakarta's stock market with most blue chips closing lower, dealers said. "The market seemed to enter a U-turn as most blue-chip shares edged down." said Dandossi Mat ram. a spokesman of the Jakarta Brokers Club. Inti Indorayon. Indah Kiat. Japfa all fell 25 rupiah.
      Reuter; Source: Bridge Info  -  1,076 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2724 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Pnimcl 17.264.000 Kerning Bhd 50c I2.4J7.000 5 "»i 7.000 BcriJ\J (noup 5.1 16.000 FMlJk 4.618 000 Lin Hoc 4.568 000 f ahcr C iroup 4. J11 000 \nljh HUis> 50c J 425 000 Multipurpose J.W000 Kcnuvan 50c J.JI2.000 kjmunling
      Source: Bridge Info  -  2,724 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares end easier across the board
        5367 19 Bernama SHARE PRICES closed easier across the board yesterday with the KLSE Composite Index falling 2.2 per cent as component stocks came under selling pressure. Forced selling activity weighed down on prices as the market continued to correct from an overbought position. Second Board
        Bernama; Source: Bridge Info  -  5,367 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Blue chips help index to recover slightly
        1077 20  -  By AJ Leow BUYING of defensive blue chip stocks helped the local market finish on an even keel yesterday, despite forced selling of Malaysian counters. The 30-stock Straits Times Industrials Index edged up 1.33 points to close at 1,812.99. The BT Composite, however,
        Source: Bridge Info  -  1,077 words
      • Article, Illustration
        Lock icon Shangri-La Hotel
        77 20  -  Quak Hiang Whai SHANGRI-LA Hotel looks like a possible buy at its current level. On the daily chart, it is trading near its support level around $4.55 after easing from $5. The daily RSI and stochastics are at slightly over-sold levels around 25. In the longer term, the
        SOURCE: BRIDGE INFO  -  77 words
      • Article
        Untitled
        6116 20 12 H i* RD ITO13 High Law Company Laat Salt V«l Dav COM) High Low Bi Lax I^Mt G* Gr IX> Di» YM Net M Cap Or P/E Soil INDUSTRIAL AM D COMMERCIAL 770 220 340 23$ 1190 248 735 174 164 780 340 1230 131 243 126 555 448
        6,116 words
  • Page 9 Advertisements
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      230 words
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      Page 12 Advertisements Column 1
      1378 12 LIAN HUAT HANG FINANCE LIMITED (Incorporated in th# Republic of Singapore) BALANCE SHEET AS AT 31 ST DECEMBER 1992 "«•< Accumuiated NetM. Cost Depreciation Value for the year Not* 1991 1992 t t 9 Furniture and eqwpment 94.751 31.798 62.953 3.562 m MBifi Computer equipment 6.135 1.227 4.908 1.27 Fixed
      1,378 words
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      Page 12 Advertisements Column 2
      779 12 NOTICES THE COMPANIES ACT. CHAPTER SO CREDITORS' VOLUNTARY WINDING UP NOTICE Of APPOINTMENT AND SITUATION OF OFFICE OF LIQUIDATOR Niflit ol Company: Ptfrodo MmCM A E Consultancy (S) PM LM Company No. 5507/ISS2R I. Robert Yam Mow Lam. NRIC No *****006/ I hereby give nottca mat At trie meetings of
      779 words
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      Page 12 Advertisements Column 3
      125 12 FORM 49 (Mil) NOTICE TO CREDITORS OF INTENTION TO DECLARE DIVIDEND IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF SUMMER PROPERTIES PTE LTD COMPANIES WINDING UP NO. 117 OF ISSI A first interim dividend of 47 cents per centum is intended to be declared
      125 words
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      Page 12 Advertisements Column 4
      350 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EAST COAST HOTEL PTE LTD (In Members' Voluntary Liquidationi At an Extraordinary General Meeting of the Company held at 257 Selegie Road. #15-279/281 Selegie Complex, Singapore 0718. on Thursday 10th June 1993 at 2.30 p.m. the
      350 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      741 14 Carner. The name is synonymous to j® air-conditioning. Ever since its founder Willis Carrier invented the airconditioner in 1902, the company has grown strength to strength a fiercely competitive environment. In Singapore, i|f|i|iiii|BKßHßßlßßl|||H few people will fail to recognise '%fj the Carrier logo, ||W|B|^W|^^HH|WH^^^^^^PM^^HHBHBafe^i"^|^^^BßHM^^Bß^^^^B^^^W A\M or the friendly Carrier Man,
      741 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      606 15 The early days ijQf T ipj delighted owners the wvrid that w,ll enjoy health protect. 1 'X. I S&oS fl 9 HI M 0 B B M^ freedom from rhe tonx>mr»of beat »od humid *»H gam eff»ueiKy and prestige KKI.) vtl I frUCt***" 6.50 <110 carrier, ,1* u+k,«, «,j OMmr
      606 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      23 16 "Ideal in cameras. Andlknow whereto get good exposure." J'" VH3 -V4 B "B«i ««4,rf e I Call today for results tomorrow. CA.T.S. 737-1166
      23 words
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      Page 16 Advertisements Column 2
      30 16 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Ik*™ or selling, plug into the power of the j
      30 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      37 17 EBEL w ft 48 AT ROY EASTERN WATCH s* ft iANEiftn A 1 'VVJ ROY EASTERN WATCH, #01-74 LUCKY PLAZA, #01-86/88 LUCKY PLAZA, *01-19 PARK MALL, TEL: 734 3139. DELUXE EASTERN WATCH, #01-18/20 CENTREPOINT, TEL: 235 2536.
      37 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      71 18 YOUR MONEY IN A BOX. < IT'S MORE RELIABLE THAN SHARES. UU*. 200 cU S*. tradition, tkey perform beautifully every day Cor yean cm AND MORE PLEASING .nJ (unlik imny w couU m«Boo). For an investment opportunity wortn listening to, com* TO THE EARS. r' Trr.** it reuge qp music
      71 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      102 20 For die price of a Business Class ticket, KLM puts you in First Class. All you need to pay is the 4 full I A.T.A. Business Class Fare for any trip originating from Singapore to Western Europe and you'll be issued a First Class Ticket up to Amsterdam! This privilege
      102 words
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  • SPORTS
    • Article, Illustration
      S'pore wins its first men's team medal
      464 21  -  By Shahiron Sahari SINGAPORE Singapore won its first ever men's team golf medal at the South-east Asia Games yesterday, but the day belonged to the Philippines. which captured three of the four gold medals at stake. Singapore's team of Dino Kwek, Mardan Mamat,
      464 words
    • Article
      Lock icon Joscelin wins ninth gold, Myanmar upsets S'pore 5-4
      743 21 SEA Games round-up AFP SINGAPORE Singapore teenager Joscelin Yeo yesterday picked up her ninth gold in the 50 m freestyle to leave an indelible mark on the 17th South-east Asia (SEA) Games. The 14-year-old. the toast of the Singapore camp, led from
      AFP  -  743 words
    • Article, Illustration
      Lock icon Golf's ultimate test
      896 21 US Open NYT SPRINGFIELD, New Jersey On Wednesday, the eve of the first round of the 93rd US Open here at Baltusrol. 156 players went to bed massaging their psyches for the most egodeflating test in golf. But although it is the most nerve-racking, demanding and arguably
      NYT  -  896 words
    • Article
      Lock icon Open Open to golf tour winners
      693 21 The US Open is the best but Dave Anderson thinks it could be even better NYT SPRINGFIELD, New Jersey The US Open, which began yesterday at Baltusrol, is the world's best golf tournament. But it could be even better. All the big names will
      NYT  -  693 words
    • Article
      Lock icon Bulls defeat Suns for 3-1 series lead
      571 21 NBA finals NYT CHICAGO Riding another incomparable performance by Michael Jordan, the Chicago Bulls have moved one victory away from a third consecutive title. Holding off numerous Phoenix Suns' rallies, the Bulls survived for a 111-105 victory on Wednesday night in Game 4
      NYT  -  571 words
    • SCORE CARD
      • Article, Illustration
        Lock icon SEA GAMES
        572 21 AFP SING A PORK 17th South-east Asia (SKA) Games fifth da> results >esterda\ (all finals): ATHLETICS, "Men 4XlOOm rela\: I. Tha 39.61 2. Ind 39.93 3. Sin 40.35. 4\400m relav: I. Tha 3:07.30 2. Ind 3:09.54 3. Mai 3:10.19. 10.000 m: I. Vlurusamy Ramachandran (Mai) 30:05.09 (games rec)
        AFP  -  572 words
      • Article, Illustration
        Lock icon Cricket
        82 21 Reuter LONDON Opener Michael Slater struck a brilliant ccntury as Australia made a record-breaking start to the sccond Ashes test against England at Lord's vesterday. Slater stroked his way to an unbeaten 120 and Mark Taylor hit 86 not out. taking the touring team to 212 without loss at
        Reuter  -  82 words
      • Article, Illustration
        Lock icon Golf
        38 21 Reuter Iok\o Yomiuri Sapporo Beer Open leading first round scores yesterda) (Japanese unless stated); 65 K Hascgaua 66 Y Yamamoto 67 Chen T C (Tai). T Nakamura. H Fujita. Y Sakamoto. Also: 71 Samson Gimson (Sin). Reuter
        Reuter  -  38 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      677 22 Nothing Seals A Bud- >M OF HKKHS^^ VIBBr V'- VIP FATHER'S DAY (20 June '93) Invite all fathers to indulge in the exotic taste of the Penang buffet at Princess Terrace where they will receive a door gift. Lanch Dinner $23.00+ per adult $15.00+ per child Hours 11 JO am
      677 words
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      Page 22 Advertisements Column 2
      241 22 WHERE TO WINE, DINE AND ENTERTAIN £atA*ri -Day on 2.0 CTun^. s Fa,hers 0a Bring Dad to lunch or ftlf+ d,ne at the Seafood jJ Theatre-Restaurant. Select from our A La [)Clc\ Carte Menu Set —Menus or try our "Eat- All-You-Can Buffet. Mhnanum 2 Persons 1 cfl^l^ >LAZA^™ SUPPER SUPREME
      241 words
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      Page 22 Advertisements Column 3
      356 22 UU 1111 1 ii i» i —B HUB Begin with appeKiers delkioui onti to choov* EISSnBHHm If .VjV 20 iwml twnptofiont. Tali* your pick. a iww country •very month. Tfw S tablet Grillroom Lunch: Noon 2.30 prn Only JJO++ per per ton. For reservations, plea so call *****51 f 1
      356 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Behind a Nice Guy image lurks an edgy Tom Hanks
      1064 23  -  Many of his co-stars have nice words to say of Tom Hanks but David Denicolo senses another character trying desperately to come out of the shell David Denicolo NYT IT IS 8 am at Mani's Bakery. What kind of film
      NYT  -  1,064 words
    • Article, Illustration
      Lock icon The lion roars on
      488 23 CHATTERBOX AP AP AP AP LUCIANO PAVAROTTI, 57. says he feels "like a lion" and has changed his mind about retiring. The Italian tenor said on Tuesday that he had considered retiring from opera. "Last year, my voice and my health brought me to the verge
      AP  -  488 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      180 23 MakINA E>AY CHINA CHINA RESTAURANT Set menu for 6 persons From $198 Set menu for 8-10 persons From $388 (Inclusive of Complimentary Father's Day Cake) NISHIKI RESTAURANT Set menu at $30 per person TEE-OFF CAFE Delectable buffet spread at only $13 (Adult) 7 (Child) For reservations, please call our Restaurant
      180 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1306 23 TV RADIO The Ambulance, 10.30pm, SBC 5 trie Roberts (brother to Julia) likes a girl who is taken away jjHpiHjil^^^^ in a vintage ambulance. When Ifc he can't find her in any hospi- JHHfeL tal. he goes on the trail of the vehicle, which turns nasty and a S*. runs
      1,306 words
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  • ADVERTISING & MARKETING
    • COPY LINES
      • Article
        3 CEOs for Hill & Knowlton
        63 24 3 CEOs for Hill Knowlton NEW YORK-based public relations consultancy Hill and Knowlton Inc will be operated by three equal regional chief executives for North America, Europe/Middle East/Africa and the Asia Pacific. Hill Knowlton president Thomas Edison said last week that the changes would help the agency provide better services.
        63 words
      • Article
        Two-day A&P conference
        62 24 ASIA Business Forum is hosting a two-day advertising and promotions conference in Singapore and Kuala Lumpur that aims to give insights into developments in advertising and promotional strategies, market research, multi-media, production management and global business, among others. The conference will be held in Singapore on June
        62 words
      • Article
        Push-button yellow pages
        47 24 YELEDEX International has launched Singapore's first push-button buying guide a telephone version of the Yellow Pages. Called Yeledex, the guide offers advertisements of products and services at the touch of a button. Distribution of the guides began in Districts 15 and 16 this month.
        47 words
    • Article
      Who's the vainest of us all?
      379 24  -  Helen Ching finds out that Hongkongers pamper themselves most with cosmetics followed by S'poreans Helen Ching MEN keen to acquaint themselves with a Taiwanese lass should try this pickup line: "Is that Shiseido make-up you're using?" According to a study of eight major economies
      379 words
    • Article, Illustration
      The bubbly loses its fizz for workers
      616 24 THE streets of Epernay in eastern France were last week filled with angry champagne workers protesting against proposed job losses at some of France's finest champagne houses. The redundancies are the culmination of three intensely difficult years which have seen the champagne industry
      616 words
    • Article, Illustration
      Great way to fly for McCann-Erickson
      723 25  -  Corinne Kerk reports on Cathay Pacific's switch of advertising agencies Corinne Kerk WHAT do you do when you want to reposition your company and give it a new image? Get your advertising agency to do the job or switch to another agency if you
      723 words
    • Article
      Lock icon Hutchison and ad agency in UK copyright tussle
      305 25 South China Morning Post THE ill-fated UK division of telecommunications giant Hutchison Telecom may face damages running into millions of pounds, and be responsible for setting a legal precedent that would revolutionise the UK advertising industry. A row has erupted over copyright
      South China Morning Post  -  305 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1180 24 mmmmO Dresdner Bank AkhengeseHschaft Consolidated Balance Sheet condensed -it 31«t Pec ember 1992 with comparative figurot rSdS 1 1 D u—<**o™, Dipl.-Kfm. Uwe Plucinskl Dresdner Bar* AG Hamtxng Dapury Charman iiaata i i-unui PTOteSSOf Dr.Df .h C mutt Prutanui at Buinen Eoonomo «l to Ft— UnmiaM Barkr and Diraoot IHIITOW
      1,180 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      796 25 702 CHEMICAL Chemical Banking Corporation and Subsidiaries Head Office: 270 Park Avenue. New York, ***** 2036 Consolidated Balance Sheet Consolidated Statement of Income December 31 In millions US$ Year Ended (In millions US$) 1992 1991 (except per share data) December 31 1 1992 1991 AlMf Cash and Due from Banks
      796 words
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      Page 25 Advertisements Column 2
      287 25 Why does our Account Executive TALK TO HERSELF? Elsie, our Senior ~H such clients as Vitasoy Account Executive, has Distributors and New another job in her spare Zealand Milk Products, time. She's a spy. A Collecting this inforlonely job. But that's mation enables Elsie to not the reason she talks
      287 words
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  • Article
    Answerable to the people
    562 26 EDITORIAL TO CYNICS, the World Convention on Human Rights at Vienna has degenerated into a futile squabble. But to optimists, this demonstrates that there is much to squabble about, and the fact that countries are squabbling in public is a good sign, a logical event in
    562 words
  • WHAT THE OTHERS SAY
    • Article
      Umno's unity all that counts
      265 26 MALAYSIANS trying to divine the wayang kulit politics of Umno probably see the succession in these terms: party chief Mahathir Mohamad retires after another term as prime minister following the general election, which must be called in two years. He will be in his mid-70s.
      265 words
    • Article
      Defining human rights
      209 26 THE UN CONFERENCE on human rights in Vienna has had one little success: highlighting the growing rift between the West's perception of human rights with the rest of the world's. While it is true that many countries today are members of the UN and thereby should adhere
      209 words
    • Article
      Closer China-Malaysia ties
      206 26 MAHATHIR had expressed both to Jiang Zemin and Li Peng that "China has sufficient conditions for investment; China has scored very well in the various investment criteria" and that "China will continue to be the focus of Malaysian businessmen". The leader of the Malaysian business delegation also
      206 words
    • Article
      To Beijing in 2000
      178 26 AS SYDNEY and Beijing limber up for the final round in the battle to host the 2000 Summer Olympics, this newspaper is cheering for the Chinese capital. It will be good for China and good for Hongkong. Sport, tourism and business will benefit from the influx
      178 words
    • Article
      More of the same
      228 26 TO NO ONE'S SURPRISE, the government of Prime Minister Chuan Leekpai and his five individual ministers survived the Opposition's no-confidence debate by comfortable margins. Yet, the wide discrepancy between the "yes" and "no" votes cast is, by no means, an accurate measure of performance. Any open-mind-ed
      228 words
  • Article, Illustration
    Moving on to the thornier questions of flexiwage
    1070 26  -  With wage guidelines fairly standard stuff nowadays, Anna Teo finds the National Wages Council gearing up to handle more complex issues Anna Teo WHEN it was put to National Wages Council chairman Lim Chong Yah recently that NWC wage guidelines seemed to
    1,070 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      32 26 BT is also available at Times The Bookshops. NTUC Fair Price. 7-Eleven. BP Esso. Mobil and selected Shell petrol stations. If you need help, call SPH Customer Relations (Circulation Depti Hotline: 1800-*****77
      32 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      63 26 f\ feCL e*cS^PU IHS\ rnx lf t DO NbU KNOU OM DESK \NTD Uf>ST£Ppfefc VwHQ4.....J feEJL. UWE. DOING?; apsKer hurl»MG OWMR y— VjylgOUGH Tme. UNDOU).... C ASSOCIATED »CWS*A*IKS LTD, IM2-IH] 0944-A I" ZJ t -c*_ POONESBURY GARRY TRUDEAU r T7W47S| P*oB\ rTS NOT FAIR! OUR. ONE /*X../7S (MH,OOUUm\ \uOKOtrr,FOl*S. IOKAY.m
      63 words
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  • ANALYSIS
    • Article, Illustration
      A hunger for foreign funds to appease
      1258 27  -  Magdalene Ng, who covered Senior Minister Lee Kuan Yew's visit to Hungary last week, spoke to several businessmen in the delegation about Hungary's potential for investment. She also learned from some Singaporeans based in Budapest what it's like to live and work there.
      1,258 words
    • Article, Illustration
      It's a big change from the Singapore way
      738 27 4£~W*T WAS way back in I 1988/89 when my boss in JL Singapore took part in some exhibition here. He fell in love with the place. He studied the geographical location the East and the West, the crossroads. And he wondered if
      738 words
    • Article
      Lock icon Taiwan has little time to rest on its laurels
      1395 27  -  Kevin Murphy looks at what it will take for the Taiwanese economy to build on previous successes and avoid losing out to regional competitors Kevin Murphy IHT ITS foreign exchange reserves stood at more than US$BO billion at last count, more
      IHT  -  1,395 words
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  • Article
    Lock icon US trade deficit at highest level in over four years
    530 28 Reuter, AP WASHINGTON A widening in the trade gap with Japan and sagging exports unexpectedly pushed the US trade deficit with the rest of the world to the highest level in nearly 4-1/2 years in April. The government said yesterday
    Reuter,; AP  -  530 words
  • Article
    Lock icon State enterprises in China ignoring orders to slow down
    336 28 AP, Reuter BEIJING Chinese state enterprises ignored orders to slow down their pell-mell growth and invested US$9.2 billion (5514.8 billion) in fixed assets in May, up 70 per cent from May 1992. The official Xinhua News Agency said yesterday that the
    AP,; Reuter  -  336 words
  • Article
    Lock icon Russia's annual inflation soars to 900pc
    178 28 Reuter MOSCOW Russian annual inflation soared to 900 per cent in May from 669 per cent in April, endangering access to a US$3 billion (Ss4.B billion) IMF loan and underlining the need for the government to stop infighting and pay attention to the economy.
    Reuter  -  178 words
  • Article
    Lock icon US blasts China and threatens to crack heads with opponents
    406 28 World Conference on Human Rights Reuter VIENNA The United States slammed China and other "renegade" states yesterday for try ing to block progress on human rights and said Washington would not hesitate to fight its opponents head-on. "China is at
    Reuter  -  406 words
  • Article, Illustration
    Lock icon Manila reminds West of their own abuses
    222 28 Bernama MANILA Philippine Foreign Secretary Roberto Romulo reminded Western countries which arc trying to impose their human rights concepts on others that they oncc trampled on the rights not only of other nations and races but also their own peoples. The West "has
    Bernama  -  222 words
  • Article, Illustration
    Taiwan's mainland fever likely to rage unabated
    948 28  -  The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY The writer is an associate foreign editor with Business Times SO TAIWAN is once again trying to persuade its businessmen to slow down investments on the mainland. If exercises in futility could be measured. this particular
    948 words
  • Article
    Lock icon Taiwan SEC official dismisses fears over S'pore investments
    278 28 Bloomberg Business News TAIPEI Legislators' worries are unfounded that the Singapore government would exert influence on Taiwan's stock market by increasing its local shareholding. An official with Taiwan's Securities and Exchange Commission (SEC) said yesterday: "We have restrictions that address the worries
    Bloomberg Business News  -  278 words
  • Article, Illustration
    Lock icon Hata's threat to back vote against Miyazawa adds insult to injury
    376 28 ALP TOKYO Japan's Liberal Democratic Party (LDP) rebel faction leader Tsutomu Hata, threatening to betray the ruling party by bringing down the government, insulted Premier Kiichi Miyazawa just months ago by refusing the prestigious post of foreign minister. Mr
    ALP  -  376 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      244 28 Chinese Restaurant I U|r tor TOP People 60 STORY UOB PLAZA 1, -or Tile PLAZA N OlBO Place, uiwhwiimmi Singapore 0104 Quality in an aae of change SELECTA-NOVA. Hby hansgrohe Germany. Top Shower Manufacturer In Europe. Hansgrohe'sSetectowoslhe first hondshower with o variable spray pattern It become a miff/tim liwvselinghitandoholmork /|SV
      244 words
    • Advertisement
      Page 28 Advertisements Column 2
      95 28 Top Perspective Viewing and Dining 4423* Reservation 534-3232 bdeoX Investment 1 Jones Lang Wootton can 220 3888 1 Ngee Ann City I (At Orchard Mooci) The Ultimate Business Address Serviced Office Rooms Need A Complete Office For The Price Of A Room?] We have furnished office rooms that come together
      95 words
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  • Shipping Times
    • Article, Illustration
      RCL on expansion path, takes three PSA priority berths
      468 29  -  By Ramesh Divyanathan SINGAPORE Bangkokbased Regional Container Lines will expand its container feedership operations in South-east Asia to meet growing demand for its transhipment services. RCL will today sign an Appropriated Berth (AB) agreement with the Port of Singapore Authority guaranteeing
      468 words
    • Article
      Shipowners need to go multimodal
      418 29 Failure to do so will lead to loss of cargo control: experts SINGAPORE Many transport companies don't realise the potential of multimodalism, say two local experts. The practice involves moving cargo using more than one transport mode under a single document. And if regional shipping
      418 words
    • Article
      Anera MD appointed Twra head
      333 29 SINGAPORE Albert A Pierce Jr, managing director of the Asia North America Eastbound Rate Agreement, has been appointed to head another shipping conference. The Transpacific Westbound Rate Agreement (Twra), a rate-making conference of nine ocean carriers and intermodal carriers in the liner trade from the
      333 words
    • Article, Illustration
      Lock icon French sell-off set to spark keen interest
      798 30  -  Aerospatiale and French flag-carrier Air France are included in the list of proposed privatisations which may see foreign interests taking stakes of at least 20 per cent. Gilbert Sedbon reports Gilbert Sedbon Flight International FRANCE may allow foreign companies to acquire stakes of
      Flight International  -  798 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        644 32 toy Wo Berth Arrival Departure tewl Voy Wo Berth huntI Departure Jurong Port Ais ftnaka 10WB P07 1806/2100 1906/1100 Karunu lays 06/01/93 11 akx«sxte 18.06/2300 Angiang 2 5/93 P05 1806/0700 1806/1500 Rodma (6 alongside 1806/2359 As Splendor 301 P06 18.06/1100 2006/0600 Scan Eagle 33/93 13 alongsde 1806/0600
        644 words
      • Article
        CONTAINER SCHEDULES
        1809 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Bahnce Rslts Ship Voy No Etb/Btr Period From To From A ttrafcan 7129« 20 1500 1 17/1500 17/165* 17/1400 3 18/0700 18/1159 *****0 4 18/1200 18 1459 18/1700 Au Daisy 406
        1,809 words
    • Article
      THE SHIPPING GUIDE
      12482 39 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LMW0 PN: ship calls at Penang after
      12,482 words
    • Article
      DAILY FREIGHTS
      571 46 BROKERS said freight market rates and futures contracts drifted lower in quiet charter conditions, as the Baltic Freight Index shed another five points at 1,534 on June 16. Grain freights were again lower except the transatlantic timecharter route which has recently seen wide fluctuations. It reflected this in
      571 words
    • Article
      TRANSPORT DIARY
      404 46 COURSES Title: Handling Of Bunker Barge Duration: June 21-22 Organiser Singapore Port Institute Tel: For further details and application forms contact SPI at 321-1825 (Mangagement courses) 321-1707 (Operations Courses) 321-1107 (Marine Course) or fax: 321-1416. Title: Multi Modal Asia Pacific '93 Duration: June 23-24 Organiser Chartered Institute of
      404 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      538 46 Carbon Carten June 11 Density Water Residue Ash ttmmm Sedment Dens** Water ftesafcn A* Afcaiiwn Swfcnent rivM Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M M/M PPM method ISO/Cmac Lints Spec E25 991 1.0 15.0 0.10 30* 0.10* Eastern USA 180 Ave 984
      538 words
    • Article, Illustration
      Lock icon Proposed US barge tax a bane to industries
      1050 47  -  Janet Gellici talks to Michael Hagan of American Commercial Lines about the impact of the waterways fuel tax put forward by the Clinton administration Janet Gellici International Bulk Journal HE Clinton Administra- tion has proposed the I imposition of a US$l I
      International Bulk Journal  -  1,050 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Australia, US drop sanctions against Northwest, Qantas
        363 49 AP CANBERRA Australia announced yesterday that it had dropped planned sanctions against Northwest Airlines in return for the US not retaliating against Qantas Airways. But Australian Transport and Communications Minister Bob Collins said negotiations will continue on a dispute over passenger ratios on
        AP  -  363 words
      • Article, Illustration
        Lock icon Former IBM chief joins Lorenzo's budget airline
        753 49 NYT NEW YORK John Akers, the former chairman of IBM, has signed on as a director and investor in Frank Lorenzo's venture to operate a low-cost airline along the East Coast. An odd couple? Not at all, the two executives say. Their partnership
        NYT  -  753 words
      • LOG BOOK
        • Article
          Schiphol opens new freight terminal
          66 49 SINGAPORE Amsterdam's Schiphol Airport this month opened a new freight terminal just nine months after construction began. Japanese freight forwarder Kintetsu World Express and Schiphol Express of the Netherlands are tenants at the centre, which consists of 6,000 sq m of shed space. Schiphol South
          66 words
        • Article
          Lock icon Air Mauritius buys 3 Airbus jets
          73 49 Bloomberg Business News PARIS Air Mauritius confirmed its previously-announced intention to buy three Airbus A 340-300 passenger jets, and is taking options on a further four. The A 340-300 is a long-range four-engined jet designed for intercontinental routes, seating 301 passengers. It will be
          Bloomberg Business News  -  73 words
        • Article
          Lock icon B C Rail workers vote to strike
          78 49 Knight-Ridder WINNIPEG Employees of BC Rail have voted in favour of a strike for the second time this year, although no action is expected until mediated talks take place between the railway and its seven unions. BC Rail is owned by the government
          Knight-Ridder  -  78 words
        • Article
          Lock icon Peru government sells airport carpark
          119 49 AP LIMA, Peru The government sold the airport car park concession on Wednesday, giving its flagging privatisation program a boost after a series of setbacks. Lima-based company Inversiones Angel agreed to invest US$4OO,OOO (*****,000) to revamp the car park, and allot 65 per cent of
          AP  -  119 words
        • Article
          Lock icon Mississippi draft levels may be lowered
          100 49 Knight-Ridder NEW YORK Bar pilots of the Port of New Orleans may lower draft levels at the mouth of the Mississippi River should conditions worsen. The Associated Branch Pilots recommended n that ships whose draft is over 9.1 m may not pass or overtake
          Knight-Ridder  -  100 words
      • Article
        Lock icon Ireland's Aer Lingus to cut 1,400 job cuts
        248 49 Reuter DUBLIN Ireland's debtladen state airline Aer Lingus has sought 1,400 job cuts in its survival plan presented to the Dublin government, industry sources said on Wednesday. Aer IJngus is seeking to reduce its operating costs by over 30 million punts (5572.5
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        Lock icon Manila rail project to begin at end of year
        229 49 AP MANILA Construction will begin at the end of the year on a long-delayed commuter railway to relieve congestion in this city's overcrowded streets, officials said yesterday. Project chairman Eli Levin said a 100 megawatt power plant will have to be
        AP  -  229 words
      • Article
        INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
        1081 49 Page Col ABC Containeriine 12 I Accord Group 8 1-3 Africa Container IS 3 Ahrenkiel Liner 4 1/2 Alpha Feeders 6 I ANL 3 1/2 APL 5 3-5 Appenship 18 1/2 Arabian Express IS 5 ASCL 5 5 Asian Brcakbulk 15 1 ASXCL
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      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1727 49 otj nw« n» nm n»_ nm n> nm rre Mm MMM GA928 0040 1*772 1600 SQ326 2230 fateUM* QF81 1940 QF82 2055 1W5 LH773 2*9 SQ227 2230 f*mks SQ989 1700 AmtwdMi KL837 1445 GA89C 2310 tiww SRI 83 2105 SQ323 1815 SQ324 2345 CA977 1730 7
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  • Page 29 Advertisements
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      236 29 BusinesslT Every Monday in Business Times II II A New Generation Of Boss Empty Container Handlers Is Now In Singepore Congratulations to IBok Seng Holdings for tak ing delivery of ike first 8-High Boss Empty Container Handler. Mr4jL. The Boss D ECH empty container handler is the first of its
      236 words
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      Page 29 Advertisements Column 2
      229 29 E Jm FAMOUS /°°<> CaisoM ■iMillgl* 224 1833 For more information pleaxe refer to Pg. 13 Proposed US barge tax a bane to industries, Pg 18 Aussie-US aviation dispute settled, Back Pg Index to advertisers, Back Pg F'OU'R'T'H S'U'P'E'R'F'E'E'D'E'R Out 1288 TEU 4th generation container feeder vessel launched on 12
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      369 31 riicr> Regional Container Lines Maiden Voyage "XETHA BHUM" on 18th June Singapore Bangkok Daily Service AKed Container Services Pte Ltd Aled Container Services Sdn Bhd AKed Container (Engineers Manufacturers) Pte Ltd 50 Telok Blangah Road, #01-04/05 Citiport Centre, Singapore 0409 Te1:'*****00 (6 Unes) Fax: *****40, *****06 ACS Container Depot: No
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      454 32 TSKUNE AGENCIES (S) PTE- LTD. r I 1 wm-np Tel: 226-3363 JL #3«l\« ■JIM r. Fax: 226-1972/3 w Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I exports to menrn. mania. Taiwan t iamh -iwct mar i j \VmjlV I VV| I V' r\r\'" AULUi iU9 'ijji""
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      19 32 *****23 MK fax \*W Jft Mm LINE CFS *****66 IMIPPON YIISI r\l l< AISMA <C R NO: **********0 E
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      2251 33 o v M OOCL (8) PTC LTD JARDINE SHIPPING AGENCIES W«LH9 TEL: *****13 FAX: *****42 BKjffrffttr]sj nffSSl DOCUMENTATION TEL: *****64 FAX: *****09 *****6 H_SWBOOKINGS TEL: *****80 *****81/ *****82 HI n mpud CFS (PSA F5) TEL: *****21/ *****79 D Tc nT «it™ fit nV?£*fo CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR BAHRU TEL:
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      Page 33 Advertisements Column 2
      1981 33 NEXT SAILING TO HONG KONG/TAIWAN/JAPAN/KOREA/PHILIPPINES/ CHINA ALVA MAERSK V.9308 ETA SIN 21ST JUNE 93 MAREN MAERSK V.9306 ETA SIN 22ND JUNE 93 ANDERS MAERSK V.9310 ETA SIN 23RD JUNE 93 Vessel Voy ETA ETD Feeder by DESTINATIONS Tlw wee* MARCN MAERSK 9306 22 06 0600 MBS CFS 21/06 2359 MRS
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      139 34 JL Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KI»Ii»[i!SE3IBSMB ESSI MEM BM W7™ BBSM fcfcKiT' 1 'If.ii ywtfM WSBHBMK2£2SCC!B233^^aI |BmmWMP IjTTTyraaT'^J^'J^'^^^MTTyn^^TTTM^BI^^IMBErMBSUIKUWPB '.'I M V-? MII.MJ W-M* 1' I'..# I I''" f /'iV.TW-! !IWW»JfI-llliM»t-MlilJ?-Hi]B.Viil l ?M.rmiLlil'l!U-mJ-lliiUillimiU» CONTAINER SERVICE FROM UK/CONTINENT ISSSaii9EI9BIIHiHMSIH!IIIIISIE3EiIE9IiIIEB MiilHHmßMHMHillißll CONTAINER SERVICE TO USA SCX SERVICE CONTAINER SERVICE FROM USA SCX
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      115 34 ■kJH HkJH Militzer Munch IVICx Ivl International Forwarders FULL CONTAINER SERVICE TO WEST AFRICA 01 UNICORN-DELMAS SERVICE eD E L M A S MARITIME DELMAS VIELJEUX AM General Agents: I SEALION SHIPPING (S) PTE LTD I Singapore: SALES/BOOKINGS TEL *****81 (10 LINES) I TLX RS ***** FAX: *****41/ *****50 Em
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      171 34 TO SOUTH INDIA/ADRIATIC/E. MEDITERRANEAN VIA VALETTA (MALTA) TO FAR EAST EXPRESS TO EUROPE EXPRESS FROM EUROPE i .i.iiipwpi LLOYD TRIESTINO SINGAPORE AGENT MALAYSIA AGENT INDONESIA AGFNT LLOYD TRIESTINO (SINGAPORE) PTE LTD STRAITS TRANSPORTATION PTE LTD JAKARTA PT BINTANG TATABAHARI 76 SMENTON WAY 13 00 ONG BUILDING PORT KFt ANG TEL
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      2078 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 020S Tel: *****03 Fax: *****17 CARGO DUE SMLS wWWr^ > I SIMMS VENTURE VI4E Mull. Lab 17-19 fan 20 lun 21 tan f C I, LCL COMTAMCN ANO MCAKBULK KRVICC TO PAPUA NEW OUWIA MJAH BROOKE VISC
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      2507 35 SINGAPORE AGENT: PXti 1 f AfltQlflAl*C p *o Containers (Singapore Agencies) Pte Ltd TV X \jUlllAlllvl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 T\ Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z ~-.-Ti-.T-.; export inrnirr fc#lr WWI Mill r VESSEL VOT
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      102 36 rTJI DJAKARTA I IkS vr> "^^^lf 1M 1* m ii' i'I'MQ EOM Hi 1 (EUMEHEME2H EH3jE**l E33EH taiMitaaßMttai MM.tiiTß-f EaEIHMEaHi 0?EM1 EtlE E9EIO ""MIU rw'iM pi Ml AGENTS SINGAPORE EKA JAYA AGENCIES (S) PTE LTD r "V- L! TJFS•F A 0 MALAYSIA HARPER WIRA SDN BHD ft' 17.V'' M.l M?'»!
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      Page 36 Advertisements Column 2
      140 36 CANADA|TO EAST COAST (ALL WATER SERVICE) [INBOUND USA/CANADA j I TO EUR j p^A^ASTUA^VC^^^^^* M^^|FßO^AF^ASniA^VC^^^^^^| |CONVENTIONALSERVICE TO ARABIAN CONVENTIONAL SERVICE TO RED SEA FAR EAST HO CHI MINH I U.S.A. LATIN AMERICA M WAN HAI LINES WEEKLY CONTAINERISED SERVICE EZIdZZaBIKBEa KB jt I I I II IMB ■tK*!« manafn IfTTT
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      217 36 r m EVERGREEN 1 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST/PNW SERVICE l 111 1111 *****1 l IKID OUND FAR EAST/RED SEA/MEDITERRANEAN OUTBOUND MED/RED SEA/F.E. INBOUND FAR EAST/ SRI LANKA/ INDIA/ PAKISTAN/ FAR EAST iiiiiiiniiiiii inbound RTW SHIPPING (S) PTE LTD M SIA
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      2154 37 II y>, II SCX: 'CALIFORNIA PEGASUS ME' ETA Singapore 23/06/93 HI II II ARRIVING LOS ANGELES 10/07/93 IN 16 DAYS HI II II AEX 'HAKONE MARU 10E' ETA SINGAPORE 23/06/93 II ARRIVING NEW YORK 16/07/93 IN 22 DAYS II kl vtB(iH vnv PF.N PKG MOTHER VESSEL VOY r*"sspT" LOS OAK
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      Page 37 Advertisements Column 2
      1263 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 ENQUIRIES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHIPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO: **********0/N
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      1820 38 K*t w- f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CH No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****07/8/9 I W H Ml* MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD I BV/ TEL SA *****00 PK *****75 PEN *****0 JB *****' PGU 5'8625*6 I JB* ■k" A A INDONESIA:
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      Page 38 Advertisements Column 2
      680 38 PHIU ORKNT UN€5 PT€ LTD V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION li AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 18 JUN SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 20 JUN AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER.
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      Page 38 Advertisements Column 3
      462 38 GOLDEN LINEA LftJV GUAN GUAN SHIPPING \T>sX\ (PTE) LTD W 23, M Apt Street SUGAPOW 0104 IE: 5343*1 (II IWS) Fai *****04 <C* No 1I*****000M) 6TRAIT6/PKII6LAK CULT jgWa Spore P Kelang Penang G0U»l BUt K«<cN Dub* 21 30 k* J COUCH HAIffSl Harath. Dubai 1/10 Mr CHIMA 6ERTICE GOIKN WOfCHt
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      620 41 c ogmtni n LMiuugii ***** nri"! I Pjyfß^iBfi[*HilF|| v 1 m /f- p I tszS KYOWA LINE MANILA GUAM SAIPAN DIRECT SERVICE (BREAK-BULK CONTAINER) MICRONESIA SERVICE VIA GUAM (CONTAINER /LCL'S ACCEPT ABLE) SOUTH PACIFIC SERVICE VIA GUAM (CONTAINER /LCL'S ACCEPTABLE) Spo.. Aqonts SOUTHERN CROSS CARRIERS < PTE I LTD Msi.iiq.nl
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      651 42 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 21/06 ROTTERDAM 19/06 AARHUS/COPENHAGEN 21/06 HAMBURG/BREMEN 21/06 MARSEILLE/FRANCE ***** FELIXSTOWE/UK 21/06 BARCELONA/SPAIN 24/06 LEHAVRE/FRANCE 20/06 GENOA/ITALY 20/06 ANTWERP/BELGIUM 21/06 LOS ANGELES/WC/IPI 23/06 SYDNEY/MELBOURNE 21/06 NEW YORK/EC 23/06 FREMANTLE/ADELAIDE 21/06 VANCOUVER 23/06 BRISBANE 30/06
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      665 42 f-r-y RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL *****33 (12 Lin*«) FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE ANOINET 31WB 25/07 OARESSALAAM MOMBASA CXH6OOTI ASSAB. MASSAW* ABYOT 33W8 21/ OB DARESSALAAM MOMBASA.
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      Page 42 Advertisements Column 3
      340 42 F*OU*R*T*H S*U*P»E♦R*F»E*E*D 4 E»R /-afiSißMgagL mmem r Our 1288 TEU 4th generation container feeder vessel launched on 12 February 1993 in Ulsan, Korea and delivered on Bth June 1993, will join our 3 x Superfeeders, "Nanta Bhum "Maha Bhum" and "Piya Bhum" on the daily Bangkok-Singapore fixed day service as
      340 words
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      333 42 P»1 DONGNAMA LINE *ssa nfe m pns nc m HONGKONG GLORY V344N 24/4 22/ C 24/4 4/7 7/7 NMM *307* 27/1 2t/C 34/4 1/7 11/7 14/7 TUUDU VM7N 4/7 C/ 7 «/7 IS/7 21/7 MALAYSIA &O*Y »M7W II 7 13' 1< 15' ?S 7 21 7 «tssa sre m Hps
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      1544 43 puLfIMN CONTAINER LINES KZ/\ir I Agents: MAC-NELS SPORE: *****22 (24 LINES) J 2y J\/ V Jr/a No: **********06 <[• PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/UKC/MED PORTS PEN PKL SIN EVERY TUE/THUR/SAT PEN PK SIN r
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      193 43 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD cn n« El* SWK POM RUMS PIMM Bill MM 25, t 23/4 iMdMf tor Mai* OWN HUOHU 30 6 iMdwt tor Cafcutta MXPHA In Port SM[O loading For Malt rOMJI SUPWW 24 6 Load** for kUV UMCHM 25 J loading For Male
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      922 43 f THONG SOON UNES PTE. LTD.I 78 SHENTOH WAY #10-01, SINGAPORE 0207 TEL: *****88 FAX NO: *****11, *****22 TLX RS ***** CARRIER RS ***** JENHOL CABLE TOSOCO VESSEL Tor S PORE DEST VESSEL VOT EQUATOR 111 91/3E 21 JUN KUCHING EQUATOR ROYAL 78/3E 19 JUN SIBU EQUATOR JADE 81/3E 25
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      506 44 Everett Lines Everett Steamship Corpn.S/A c J.ftoirt Ceil tie Pi SAK A JARDINfc No Weld Qu.iy Smq.ipr-r»• P l .y iTH .'Sfc7l»B4 Ist Fir Rm No Pen.inq Tel 5.*****1 S P Hljny Tt'l 3****** T*-l 62WS 1 A b2IBCO mi L CAMBODIA VIETNAM MYANMAR SERVICES 111 u)| n] '.(Ml I
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      326 44 ft GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN VII 15/6 17/6 18/6 25/6 GLORY SELATAN V 15/6 22/6 SP PKL HCM HK KAO HSIEH YUNG 27/6 ACCEPT CLASS CARGO TO
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      617 44 PSSI WORLDWIDE mm GLOBE STUMUS IMS REGULAR FCL SERVICE TO THE FOLLOWING WEEKLY SAILING TO HUANG PU A SHANTOU Connecting Feeder to Huang PuSUI TUO CONTAINER NO. 2 Connecting Feeder to Shantao HAN BO NO 9 WE HV LEASING CONTRS FOR RENTAL SAILING TO PHNOM PENH' FORTNIGHTLY FCL/LCL SERVICE TO
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      33 44 fHI f K M LUCKY SEAWAY SERVICES PTE LTD TLX: ***** FAX: *****77 r>:tsi«■.'!) i ENVICO SERVICES PTE LTD *J*NEO SHIPPING AGENCIES PTE LTD TQglllli| .FAR EAST .AUSTRALIA .INDIAN .MIDDLE EAST .CHINA SUB-CONTINENT
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      34 44 ©PTC CONTAINER LINES FCL LCL SERVICE PIC GROUP General Agents: POH TIONG CMOON SHIPPING P I TEL *****66 FAX *****41 TLX R*****6 (CR NO **********0K p I I H H|HW WEEKLY LCL FCL SERVICES
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      53 45 FAR EAST PORTS INDIAN WEST MED POINTS) AUSTRALIA ESP ANA LINES ME N G HORNG SHIPPING PTE LTD 183 OIiIIIIIHIHHHEiIIHESiK^SSB^IiHI^IEKIHii WHMMJiMmJkMmM B B7!<aKT9 i! i l :'»i.' MM I 1 1".. I". 1 'II ECT MDMMJmi '< 1 >1 1 1 METUBBP^^^KUO^C?mK]3ZmCT3 Compania Chilena de Navegacion Interoceanica S A HIIIH2*mMI
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      343 45 y Contemn CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 21ST JUNE ACCEPTING TO ALL NEW ZEALAND PORTS PENANG 24 JUNE PORT KELANG 24 JUNE JAKARTA 20 JUNE BANGKOK 20 JUNE SURABAYA 21 JUNE MANILA 20 JUNE FREMANTLE 21 JUNE MELBOURNE 24 JUNE SYDNEY 24 JUNE BRISBANE 30 JUNE I^^GOTHENBURG^^^SnJUN^^^I 'ACCEPTING TO
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      633 45 Next Week's Sailings Singapore I T FFfi FIRST FORWARDER IN To: E TD To: ETD asia awarded Singapore Singapore 'SO 9002 by lrqa EVERY EVERY Bangkok SUN Hamburg SAT EVERY EVERY Manila SUN Ho Chi Minh FRI (sU?)*) EVERY EVERY pSBU Colombo TUE Los Angeles SUN MTERNATIONAL SEA FREIGHT FORWMIOMG
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      1207 46 8 DAYS FREQUENCY TO INDIA AND THE GULF W.E.F. JULY '93 Medloyd Lines ftt Pig Shi Sltiya Akl Ff(A) NPtymouth Timaru Lyt(B) Ounedm(B) Map* M|(C) Taitanga BWf Mm mi n/t in/7 11/7 .2/7 14/7 15/7 13/7 NLL Rotterdam 3216 14/6 17/6 19/6 23/6 6/7 16/7 8/7- 9/7 10/7 10/7 12/7
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  • Page 46 Miscellaneous
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      370 46 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOI 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1800 1700 1100 1900 2000 2100 2200 2301 2.9 24 J 2.1 2.7 2.7 2.7 J 2.7 2.5 2J 2.7 < 24 1.7 14 09
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      695 47 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 2m 18, 06. 93 _Mi 91 ™i2s°l£^.v VIGOUR PACIFIC 20ANB 21/06/93 26/06/93 VIGOUR SINGAPORE 56N8 25/06/93 03/07/93 VIGOUR SINGAPORE 56AN8 28/06/93 03/07/93 "1 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG MARINA MAS 9383N 17/06/93
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      372 47 ISyyg FREIGHT MANAGEMENT^ GENERAL: *****11 BOOKING: *****55 I FAR EASTI Taiwan Kaohsiung, Keelung Korea Busan Hong Kong Hong Kong also accepting to all China points via Hong Kong J EES FREIGHT SERVICES PTE LTD #01-60 Wallich Building, Singapore 0207 -J Tel: *****66 (10 Lines) Fax: *****69/*****44 AIRPORT OFFICE: *****11 *****13
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      414 47 WOOD LINE SOUTHERN AFRICA SERVICE SPORE PI DSN CT A VESSEI ***** 25/6 12/7 19/7 27/7 •ALSO CALLS EX. AND P£. PK SEAFIX SHIPPING SON BHD TEL 9(7 5525 TLX. J7740 KJC.: CAPRICORN WjBOWT SERVICES TEL Mi 202 TLX. «ia— 5 fJjL SECIL MARITIMA, U.E.E. SIpF Luanda, Angola. FAR EAST/
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      886 48 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY 1 PNA i PKE I PGO 1 VESSELS VOY_ SJW RTM ANT* LEH» HAW BREt FEL HMM AOVMCE 20A 15/06 16/06 17/06 SI FREEDOM 305W 21/06 09/07 09/07 10/07 11/07 11/07 13/07 NOR ASIA MALACCA 9322 A 22/06 23/06
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      473 48 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS It SSI NT V H MC U CtSaC MU M FT 11/ l UH RIM II HI SMI It 23/1 MMT Mt 2 24/1 2S/I HI 21/1 cosac aiuiuai 21 21 21/1 COSMK HUTU 21 21/1 SUI IMOVI M
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      131 48 Mitsui O.S.K. Lines. Ltd FULL CONTAINER u'i''ii. 1 frrtrraMHtml"?■ 11 < 1 1,1 < 11 usa canada and I 'iiifar see TUESDAY and THURSDAY advertise '*f% Vr rvi fTT V ments CONVENTIONAL/SEMI-CONTAINER SINGAPORE MITSUI OSK LINE S (SING APORE PTE LTD FA X *****73 TLX R***** 1 MOIINF MARKETING *****36:
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      65 49 INVEST! Tomorrow in Business Times Builj ■lM W ILV. 'Sin AZBUNA" VOY.4 Arrived 12th June 1993 Comipeet of all damaged cargoes a the captioned vessel ii haeby notified that a general survey will be held on the 21st June 1993 0900 -1200 bouts at PTIO. No further urvey will be
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      Page 49 Advertisements Column 2
      78 49 I INVESTMENT I Tomorrow in Business Times Lints and sanricoa rapraiantad by ftlambars of tha Registry of Accredit ad Shipping Aganta,Singapofa UXZffJ National Shipping Aaaociation for advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 Finnair Business Class Speed, Comfort and Space Fly Finnair's new wide bodied MD-11 to Europe and find
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