The Business Times, 21 April 1994

Microfilm: NL19363
Total Pages: 50
1 50 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    13 1 Business Times II KNOW ASIA MITA(P) 010/12/93 Thursday April 21 1994 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon US Senate leader on China trade issue
      62 1 Reuter WASHINGTON Senate Majority leader George Mitchell yesterday said Democrats in Congress do not think enough progress has been made to renew trade privileges for China but there is still time before the June deadline. Mr Mitchell said he and other Democrats gave
      Reuter  -  62 words
    • Article
      Lock icon Coca-Cola plans new drink
      48 1 Reuter NEW YORK Coca-Cola Co yesterday said it plans to introduce a new carbonated beverage called OK. Sergio Zyman, senior vice-president and chief marketing officer, said the product will be on the market in 30 days and will be sold in 150 nations. Reuter
      Reuter  -  48 words
  • Article
    MARKET SUMMARY
    162 1 Stock market indices Wednesday Change STII 2,229.66 +8.66 KLSEComp 1.039.66 +3.62 Nikkei 19,882.18 -310.16 Hang Seng 9,221.01 -82.90 SET Index 1,282.38 +8.36 Jakarta Comp 458.46 -7.3 CLSA China B 978.27 -18.27 Aust All Ord 2,046.6 -14.8 FTSE 100 3.098.3 -29.7 Wednesday Previous 2pm close Dow Jones 3,580.86 3,619.82
    162 words
  • Article
    Multinationals plug into Asia's booming power markets
    529 1  -  By S N Vasuki SINGAPORE Multinational corporations have clinched billions of dollars* worth of orders for new power plants in Asia in the past four months. With countries in the region scrambling to provide electricity to fuel their booming economies. General Electric, Asea
    529 words
  • Article
    Thai Cabinet revamp looms as Chamlong pushes for change
    365 1  -  From Loh Hui Yin in BANGKOK A MAJOR reshuffle of the Thai Cabinet is on the cards as a key partner in the coalition government wants to revamp its slate of 10 ministers in the Cabinet. The Palang Dharma Party's proposed
    365 words
  • Article
    Lock icon Fed will keep long-term rates low: governor
    274 1 Bloomberg Business News WASHINGTON The Federal Reserve will limit any rise in long-term interest rates by curbing inflation. Federal Reserve Board governor Lawrence Lindsey said yesterday. "Short rates have to go up to keep inflation down, long rates down." he told reporters. "If
    Bloomberg Business News  -  274 words
  • Article
    Dow down 39 in early afternoon
    68 1 NEW YORK US blue chips continued to erode in afternoon trading yesterday, with the Dow falling nearly 40 points as investors bailed out of stocks. At 2pm EDT, the Dow Jones was off 38.96 points at 3.580.86, after gaining over 25 points earlier. Declining
    68 words
  • Article, Illustration
    Siglap house fetches $2.8m in fast and furious auction
    400 1  -  By A J Leow SINGAPORE Even the auctioneer professed to being taken aback by the ferocity of the bidding. When the hammer finally fell. 52.8 million was the price for a more than 30-year-old freehold, singlestorey detached house with a land
    400 words
  • Article
    Lock icon Executives pick China as most competitive nation in 2010
    230 1 Reuter GENEVA China was selected by international business leaders ahead of the United States. Japan and Germany as the country likely to be the most competitive in the year 2010. according to a survey published yesterday. The survey summary said: "The
    Reuter  -  230 words
  • Article, Illustration
    Aussie media in way of closer Asia ties: SM Lee
    456 1  -  From Chuang Peck Ming in CANBERRA THE Australian media has been standing in the way of their country's move to link up with the booming region by persisting in conveying to Australians the old Asia. Senior Minister Lee Kuan Yew
    456 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      160 1 -0 Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone 235 1333 Kuala Lumpur: Phone 757 0233 Psnang: Phone 615 985/619 014 Jakarta: Phone *****9/*****8 Earlier story Page 4 CONTENTS News Companies S pore News 2 S'pore-M'sia 17.18 Regional News 35 financial 23.24 World News 7.8 Features Martlets Analysis 15
      160 words
    • Advertisement
      Page 1 Advertisements Column 2
      7 1 Innovation Technology: Sisir's alternative to food amtmws
      7 words
    • Advertisement
      Page 1 Advertisements Column 3
      26 1 Hock Lock Siew: p* n 1-^ a U-turn on Intraco Regional markets, Pgs 26-30 Wing I ai launches condos. Hilhiew residential site for sale. Page 2
      26 words
    • Advertisement
      Page 1 Advertisements Column 4
      198 1 \-TAtf Bottom Line: Pg m VwJnam: settling old debts Banking supervisors must be bold, bloody and resolute Interview with England 's Master of the Rolls, Page 13 EXCEPTIONAL VALUE FOR MODERN CLASSICS. IT'S MUCH MORE AFFORDABLE THAN YOU THINK. WE SALUTE THE 20TH CENTURY MASTERS. All items fully imported from
      198 words
    • Advertisement
      Page 1 Advertisements Column 5
      41 1 Atimnn. TOUR 810 m EMBODIMENT V/JtiA OF PERFECTION fljv FROM HEAD TO TOE Mort Control Gemot* Powv Extra Dntonc* Available at GOLF HOUSE and alher leading gal shops QA pretrw lew N»r ROYAL SKMTMG HOUSE pteud MMmiGuUD XH I« NM6Ufu W»<
      41 words
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon February catering sales volume up 12pc
        233 2  -  By Corinne Kerk FOLLOWING a dip in sales at eating places in January, the year-on-year growth in the catering trade index, in volume terms, picked up to 11.8% in February. I he index measures the business level of restaurants, fast-food outlets and other eating
        Source: Dept of Statistics  -  233 words
    • Article
      US chip design firm Brooktree sets up regional HQ here
      416 2  -  By Claire Leow BROOKTRLF Corp of California. a chip design company, has made a strategic move by setting up its Asia-Pacific headquarters in Singapore, starting with a design and test facility which will be ready by October. Chief operating officer
      416 words
    • Article
      Asia-Pacific paper demand to grow 2.7m tonnes a year
      386 2 DEMAND for paper in the Asia-Pacific region is expected to grow by an average of 2.7 million tonnes a year to 100 million tonnes a year by 2005. says the Minister of State for the Environment, Abdullah Tarmugi. The region's high
      386 words
    • Article, Illustration
      Wing Tai launches condo at prices 23pc higher than early offer
      292 2 PROPERTY and garment group Wing Tai Holdings will officially launch its Bukit Timah condominium Maplcwoods today at prices up to 23 per cent higher than those in a soft launch a few months ago. Market sources say the remaining
      292 words
    • Article
      Hillview residential site for sale
      220 2 A PRIME freehold residential development site at Hillview Road is up for sale by tender. A spokesperson from Knight Frank, Cheong Hock Chye Baillicu, the marketing agent for the 328.173 sq ft site, said the vendor was expecting a price of around $450 per sq
      220 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      219 2 iSr l§ JL 1 "I MUkJk *li fll m i I H "t mMr /»1* x IBL&* fl JmHIV™m A Legitimate Reason To Take Your Secretary To The Mediterranean. A special lunch, just the two of you. at JP Bastiani's Mediterranean |R Bar Restaurant. I tow else can you find
      219 words
    • Advertisement
      Page 2 Advertisements Column 2
      120 2 CALLING ALLCORPORATE CHIEFS! t-tv WAKE THE NEW PAPER BIG WALK '94 YOUR COMPANY EVENT WIN OVER $150,000 WORTH OF PRIZES, INCLUDING AN OPEL CORSA SWING. The New Paper Big Walk '94 is big* Big in A fun and excHement. Big in healthy lifestyle, in prizes* Show your company to be
      120 words
Page thumbnail Page 3
  • SOUTH-EAST ASIA
    • Article
      Lock icon Medan rubber exporters may be forced to delay shipments
      532 3 Reuter, Bloomberg Business News SINGAPORE Rubber exporters in the troubled Indonesian city of Medan may be forced to delay shipments if labour-related riots which have stalled business continue, Indonesian rubber traders said yesterday. "We fear supply of raw materials to the
      Reuter,; Bloomberg Business News  -  532 words
    • Article
      Lock icon Vietnam's industrial output up 11.4pc, inflation under control
      337 3 AFP HANOI Vietnam's industrial output rose 11.4 per cent in the first quarter over the same period a year earlier but economic progress was not being threatened by a rise in inflation, a report said yesterday. Le Xuan Trinh, director of the
      AFP  -  337 words
    • ASIA NOTES
      • Article
        Lock icon Japan recession still hurting business
        82 3 Bloomberg Business News TOKYO Gaishi Hiraiwa, chairman of the Japan Federation of Economic Organisations (Keidanren), said yesterday that corporate Japan had not begun to recover from an extended slump. Jiji Press reported. Mr Hiraiwa said that while some economic indicators of government data showed improvement
        Bloomberg Business News  -  82 words
      • Article
        Lock icon Japan's farm imports reach record
        105 3 AFP TOKYO Japan's farm imports grew 5.5 per cent to a record US$4O.2 billion (5562.7 billion) in the year to December, with imports from Indonesia, Australia and China posting the sharpest gains, it was announced yesterday. The Japan External Trade Organisation (Jetro) said imports of
        AFP  -  105 words
      • Article, Illustration
        Lock icon Cross culture
        46 3 AFP HANOI An elderly man waiting in front of a shop selling compact discs in downtown Hanoi yesterday. Dozens of shops selling compact discs have opened in the city. Musicians whose albums have topped CD sales include overseas Vietnamese and foreign pop stars. AFP
        AFP  -  46 words
      • Article
        Lock icon Indo-Lanka talks to boost trade
        101 3 AFP COLOMBO India and Sri Lanka will open talks today to boost bilateral trade and secure closer cooperation in civil aviation, diplomats here said. The ministerial-level two-day meeting will be held in New Delhi to review cooperation in trade, finance, investment, education, culture and science
        AFP  -  101 words
    • Article, Illustration
      Lock icon Final chapter opens in Thai expressway saga
      244 3 Reuter BANGKOK Thailand yesterday opened what it hoped would be the final chapter in a long-running saga over trafficclogged Bangkok's most ambitious mass transit project. Prime Minister Chuan Leekpai laid the foundation stone for the final sector of the planned 32 km expressway,
      Reuter  -  244 words
    • Article
      Lock icon Hanoi warns US oil firm over disputed South China Sea plot
      305 3 Bloomberg Business News HANOI The Vietnamese Foreign Ministry yesterday issued a sharply worded warning to a US oil company in a move to advance its claims over territory in the South China Sea claimed by both China and Vietnam.
      Bloomberg Business News  -  305 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      208 3 The Standard Chartered group has 22 We offer unmatched coverage of Asian and offer you a true risk advisory service working Treasury dealing rooms in financial centres African markets. j4nd in exotic currencies, a with you to define your risk profile and implearound the world and our global reach market
      208 words
Page thumbnail Page 4
  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China official to visit HK next month
        105 4 Bloomberg Business News HONGKONG China's top official on Hongkong affairs Lu Ping is due to visit the territory early next month for the first time since Chris Patten became Hongkong's governor in 1992. the Eastern Express reported yesterday. The paper said Mr Lu
        Bloomberg Business News  -  105 words
      • Article
        Lock icon S Africa to get loan from Taiwan
        89 4 AP TAIPEI President Lee Teng-hui will offer a US$l5 million (5523.4 million) loan to South Africa when he attends the inauguration of that country's new president on May 10. an official said yesterday. The low-interest loan for small farm projects was approved by
        AP  -  89 words
      • Article
        Lock icon Taiwan wants to hold talks with China
        133 4 AFP TAIPEI Taiwan yesterday asked China to hold talks in Hongkong next week on the March 31 killing of 24 Taiwanese tourists in the eastern Chinese province of Zhejiang, the issue that has sharply revived friction between the two rival countries. But at
        AFP  -  133 words
      • Article
        Lock icon Taipei to help firms set up zones abroad
        90 4 Reuter TAIPEI Taiwan's Economics Ministry has decided to help Taiwanese manufacturers set up overseas industrial /ones in Vietnam, Indonesia and the Philippines, hoping to establish 100 such zones within five years. "We will negotiate with foreign governments and offer working capital to
        Reuter  -  90 words
    • Article
      Lock icon Chinese agency calls for funds to clear state firms' debt
      414 4 Bloomberg Business News BEIJING A top Chineseeconomic agency called for an injection of funds to clear debt in state enterprises, even though that could spark inflation. major newspapers reported. The State Statistics Bureau proposed measures to boost state firms after
      Bloomberg Business News  -  414 words
    • Article, Illustration
      Lock icon No stomach for the sun
      57 4 Reuter L'LAN BATOR, Mongolia For these Mongolian protesters going without food seemed more tolerable than the scorching sun. The hunger-strikers in Ulan Bator's Sukhbaatar Square were seen seeking shade on Monday. I'hey continued their fast into the eighth day yesterday, demanding that the government resign
      Reuter  -  57 words
    • Article
      Lock icon China stock market heading for collapse as institutions pull out
      377 4 Reuter SHANGHAI China's stock market collapse gathered speed yesterday as large institutions abandoned the bourses, joining a stampede for the exits by an army of individuals, brokers said. "Investors are tleeing barefoot now," said a broker with a large Shanghai
      Reuter  -  377 words
    • Article
      Lock icon Clinton will renew MFN, but at cost: ex-US official
      282 4 AP, AFP HONGKONG A former US trade official predicted yesterday that President Bill Clinton will renew China's Most < Favoured Nation trade privileges. but not without damag- ing his credibility. I William Eberle, US trade I representative under former president Jimmy
      AP,; AFP  -  282 words
    • Article
      Lock icon New HK pro-business political party formed
      279 4 Reuter, The Straits Times HONGKONG Businessmen and professionals in Hongkong have joined together to form a new political party in the run-up to Hongkong's last elections before it reverts to Chinese sovereignty in 1997. The Hongkong Progressive Alliance (HPA) counts among its members businessmen
      Reuter,; The Straits Times  -  279 words
    • Article
      Lock icon Guangzhou revokes licences of 113 foreign-funded firms
      181 4 AFP BEIJING Authorities in Guangzhou have revoked the licences of 113 foreign-funded enterprises for failing to honour contracts, Xinhua news agency reported. Many of the firms, which account for 2 per cent of all foreign-funded ventures in the booming coastal capital of Guangdong
      AFP  -  181 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      256 4 THE ALL- NEW TOYOTA FORKLIFT i I 1 1 I I Endurance I, i i L the Elements of the SUPER-E ,-r Introducing the ALL-NEW TOYOTA 1-3 TON "wedge-shaped" FORKLIFT enhanced with all the elements of SUPER-E for optimum performance. The essential elements of SUPER-E offer you superb performance tor
      256 words
Page thumbnail Page 5
  • REST OF ASIA
    • Article
      Lock icon Japan's coalition leaders settle on Hata for PM
      382 5 NYT, AFP. The Straits Times TOKYO Leaders of Japan's ruling coalition have settled on Foreign Minister Tsutomu Hata as the next Prime Minister, but remain divided over policies to end the recession and reopen trade talks with the United States. Attention has
      NYT,; AFP.; The Straits Times  -  382 words
    • Article
      Lock icon Economists see one final cut in Japan discount rate by June
      306 5 Bloomberg Business News TOKYO Economists generally foresee one final cut in Japan's key discount rate in May or June to ensure that its slowly improving economy doesn't relapse into recession, as it did a year ago. That opinion prevails
      Bloomberg Business News  -  306 words
    • Article, Illustration
      Lock icon Peace-breakers
      51 5 Reuter SKOUL South Korean students being dragged away by riot poliee yesterday after they stormed the grounds of the Defence Ministry in centraf Seoul, where US Defence Secretary William Ferry was holding talks with his South Korean counterpart. The students accuse Mr Perry of raising tensions with North Korea.
      Reuter  -  51 words
    • Article
      Lock icon India to make radar-evading cruise missiles
      196 5 UPI NEW DELHI India is set to begin commercial production of its latest weapon system, an unmanned target aircraft, after successful evaluation tests. Defence Ministry officials said on Tuesday. A scries of successful test flights carried out on Monday at the interim test range
      UPI  -  196 words
    • Article
      Lock icon Aussie minister rejects calls to cut deficit further
      356 5 Bloomberg Business News CANBERRA Finance Minister Kim Beazley yesterday rejected pressure from businesses and the investment community for the go\ernment to trim the budget deficit further than the target already planned. The government has pledged to cut the budget deficit to one
      Bloomberg Business News  -  356 words
    • Article
      Lock icon Striking Aussie coalminers ordered back to work
      163 5 Reuter SYDNEY Australia's coalminers cut short a 48-hour strike after an industry tribunal ordered them to return to work. The 20.000 miners went on strike at 1400 GMT on Monday against an agreement by Australian companies to cut the 1994/95 price of steaming
      Reuter  -  163 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      186 5 Hata's coalition headaches, page 14 The secret's out. From April 16, What could he more businesslike Board one of our brand new Boeing our standards of service are based on your stay, hopefully you'll have time for m Asiana fly direct from Singapore to than travelling with the airline that's
      186 words
Page thumbnail Page 6
  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon KL and Bangkok put disputed area to good commercial use
      522 6  -  Gas and oil exploration along M'sian-Thai border From Loh Hui Yin in BANGKOK WHILE other nations have gone to war over territorial disputes, neighbours Malaysia and Thailand have come up with a unique approach to resolve their problem lyNot only
      Source: Triton Energy Co, The Nation  -  522 words
    • Article
      Malaysia and Thailand to explore for oil together
      523 6  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA and Thailand will today sign up with oil firms to jointly explore gas and oil resources within an overlapping territorial claim in the Gulf of Thailand. The landmark deal could be used to settle
      523 words
    • Article, Illustration
      Thai telecom group unveils plan for TV schools via satellite
      661 6  -  From Alan Boyd in BANGKOK THE CLASSROOM is a traditional slab-board hut built for village council meetings. Students file in barefoot and crouch before a large television set hooked to a satellite transmitter on the peaked roof outside. There is
      661 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      242 6 JW/ C_ 1 [gie cfcfabitat „u| ii_ii rST Sf J miwP 1 *fr v-f °s iyi n rw' JS®•Construction work in progress LIVE AN ELEGANT LIFESTYLE WHILE YOUR ASSET APPRECIATES Invest in fast expanding Johor Bahru where the laws give your investment definite protection. At the Habitat, you're only minutes
      242 words
Page thumbnail Page 7
  • THE WORLD
    • Article
      Lock icon IMF revises Japan's growth forecast down to 0.7pc
      437 7 World Economic Outlook report Reuter WASHINGTON There are signs of improvement in confidence in the Japanese economy, but it remains fragile, the IMF said yesterday as it revised sharply downwards its growth forecast for 1994. "In Japan, there are signs of an
      Reuter  -  437 words
    • Article
      Lock icon World economy seen rising by 3pc this year
      289 7 AFP WASHINGTON The world economy is expected to grow by 3 per cent in 1994, rising to 3.7 per cent in 1995, helped by a new world trade accord and economic recovery in the United States, the IMF said yesterday. But this
      AFP  -  289 words
    • Article
      Lock icon France proposes EU core around Paris and Bonn
      239 7 Reuter PARIS France proposed on Tuesday that the European Union create a special category of member states around France and Germany committed to all common EU policies. In a move that could alienate Britain and Denmark, France's European Affairs Minister, Alain Lamassoure,
      Reuter  -  239 words
    • Article, Illustration
      Lock icon Nine deadly weapons
      60 7 AFP MARI REPUBLIC. Russia A Russian soldier controlling the movement of a column of Topol (SS-25) nuclear strategic missiles as they arrive at their custom-built combat position near Yoshkar-Ola in the Mari republic of Russia on Tuesday. The nine missiles Here withdrawn from Belarus in accordance with
      AFP  -  60 words
    • Article
      Lock icon Banks being probed in relation to German fraud
      251 7 Reuter FRANKFURT Banks are being investigated in the eontext of a legal probe into fugitive German property magnate Juergen Schneider, a spokesman for the Hesse chief public prosecutor said. An investigation on suspicion of fraud linked to credits was launched against Mr
      Reuter  -  251 words
    • Article
      Lock icon Clinton aide named for World Bank post
      112 8 Knight-Ridder WASHINGTON President Bill Clinton has nominated Jan Piercy to be the US executive director at the World Bank, Treasury Secretary Lloyd Bentsen announced yesterday. The nomination of a candidate had been long-delayed by debate in the Clinton administration. Ms Piercy will be
      Knight-Ridder  -  112 words
    • Article, Illustration
      Lock icon Check mate in Kabul
      39 8 AFP KABUL A soldier loyal to Afghan President Burhanuddin Rabbani holding his flower-decorated RPG-7 anti-tank rocket launcher at an unusual western Kabul checkpoint on Tuesday. A wrought iron helper is positioned next to him. AFP
      AFP  -  39 words
    • Article
      Lock icon US jobless claims down by 10,000
      82 8 Bloomberg Business News WASHINGTON Fewer Americans filed for unemployment benefits last week, a sign the overall economy will add many new jobs this month, economists said. Initial jobless claims declined by 10,000 to a seasonally adjusted 338,000 for last week, according to the average
      Bloomberg Business News  -  82 words
    • Article
      Lock icon German industry urges lower wage rise
      77 8 Reuter HANOVER The Federation of German Industry (BDI) called on trade unions to agree to another round of moderate wage deals in 1995 in order to increase competitiveness and spur recovery. "There can only be very limited nominal increases in wages in 1995," BDI
      Reuter  -  77 words
    • Article
      Lock icon Mercosur still far from common market
      82 8 Reuter BUENOS AIRES Argentina, one of the main partners in the South American Mercosur trade pact, said the group was still far from reaching its goal of becoming a common market. Argentina, Brazil, Paraguay and Uruguay in 1990 signed Mercosur's founding charter pledging to
      Reuter  -  82 words
    • Article
      Lock icon Economists against too much optimism on German recovery
      513 8 Reuter BONN Optimism about economic recovery in Germany is spreading but economists warn against too much enthusiasm about the "springtime" which Chancellor Helmut Kohl has proclaimed six months before he seeks re-election. Factory order books are filling up, interest rates and inflation
      Reuter  -  513 words
    • Article, Illustration
      Lock icon Tycoon appears as witness in graft probe
      270 8 AP TURIN Business magnate Silvio Berlusconi, in line to become Italy's next premier, was questioned yesterday as a witness in a corruption probe involving his retailing chain. Mr Berlusconi later met at his home in Rome with his coalition partners, leaders of the
      AP; Reuter  -  270 words
    • Article
      Lock icon UK March jobless drops to lowest level in 21 months
      256 8 Reuter LONDON British Prime Minister John Major received a double dose of good economic news on Wednesday, with unemployment dropping sharply in March and government borrowing well within its 1993/4 target limits. But signs that wage pressures were also creeping
      Reuter  -  256 words
    • Article
      Lock icon US, Canada headed for clash over trade issues
      246 8 Bloomberg Business News WASHINGTON There is a free trade agreement between the US and Canada, isn't there? You wouldn't know it, listening to the trade threats coming from the two countries in recent weeks. On Tuesday, US Agriculture Secretary Mike Espy reaffirmed
      Bloomberg Business News  -  246 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      123 7 w He's One I II Of The Finest I Chefs In England. J Naturally He's French. 9 Somerset Maugham once said that to cat well in f i England you need to eat breakfast three times a day. 1 i Fortunately, a few Frenchmen have since crossed the ditch. Men
      123 words
    • Advertisement
      Page 7 Advertisements Column 2
      176 7 T~ T •■v.-ii-L- LONDON 5.30 AM ROME 7.15 AM FRANKFURT AM -p-**' PARIS .35AM QANTAS TAKES A FRESH APPROACH TO EUROPE 24 TIMES A WEEK. When you fly Qantas to Europe, you'll the little extra thought we've put into our service that have prompted UK's Sunday Times be glad to
      176 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      214 8 Get a SAFRANE and We'll give you a DRIVER* d uuunudiufj mumry uuu muuduuiiai iiitmutmiif}" Ifie (Best Executive Car and a golf start-up kit Aerodynamic styling 4 disc Bosch ABS brakes Driver by Callaway fp,,. 4 speed automatic transmission Dual temperature control U« a x r (t 1/I 1 O£l
      214 words
Page thumbnail Page 9
  • SPORTS
    • Article, Illustration
      Lock icon Talented, young US players miss out on PGA action
      414 9 Golf NYT NEW YORK With roughly one-third of the 1994 season already gone, a troubling trend has developed on the PGA Tour. Most of the talented young American players are missing in action, either injured or disinterested or, perhaps, both. We
      NYT  -  414 words
    • Article
      Lock icon India beats Australia to enter final
      500 9 AP SHARJAH, UAE Indian opener Ajay Jadeja slammed a career-best 87 to lead the team to a magnificent seven-wicket vfctory over Australia in the lust semifinal of the six-nation cricket Australasia Cup on Tuesday. With one-down batsman Navjyot Singh Sidhu performing determinedly to score
      AP  -  500 words
    • Article
      Lock icon Brazil going back to its roots
      693 9 WorldCupUSA94 Countdown to World Cup 1994 Reuter lUO DE JANEIRO It is a sobering thought that many of Uie players who will perform in pis year's World Cup Finals were not even born the last ime Brazil were world champions. Sobering, because for anyone
      Reuter  -  693 words
    • Article, Illustration
      Baseball
      67 9 NEW YORK Major Leagne Taesday America*: Milwaukee 2 Chicago 6; NY 1 Seattle 7; Baltimore 4 California 3; Toronto 13 Texas 3; Boston 13 Oakland 5; Detroit 9 Kansas City 5; MINNESOTA 6 Cleveland 7. National: fhiladelpbia 7 LA 8; SF 3 Montreal 4; Cincinnati 8 Pittsburgh 2; Atlanta
      67 words
    • Article, Illustration
      Basketball
      48 9 NEW YORK NBA Tsesday: NY 84 Atlanta 87; Boston 120 Milwaukee 112; Detroit 104 Orlando 132; Miami 126 Minnesota 99; Philadelphia 110 New Jersey 115; Washington 110 Indiana III; San Antonio 90 Houston 80; Denver 105 LA Lakers 98; Phoenix 122 Seattle 116; Sacramento 108 Utah 115.
      48 words
    • Article, Illustration
      Lock icon Boxing
      126 9 AP LAS VEGAS Evander Holyfield wants to fight Lennox Lewis and hopes to fight Mike Tyson. "God meant for me to be in this thing until Mike Tyson comes out," Holyfleld said about what would be a break-the-bank fight against the former heavyweight champion, now serving a six-year prison
      AP  -  126 words
    • Article, Illustration
      Lock icon Cricket
      93 9 AFP SHARJAH, United Arab Emirates Inzaman-UI-Haq and Aamar Sohail slammed brilliant centuries to power Pakistan to 328 for two in 50 overs in the Australasia cup semi-final against New Zealand here yesterday. Inzaman hit 137 off 129 balls and Sohail made 134 in a glorious run hunt hy the
      AFP  -  93 words
    • Article, Illustration
      Ice hockey
      26 9 NEW YORK NHL first rami Eastern Conference phjr-oft Tuesday: Pittsburgh 2 Washington 1 (Best-of-seven series tied 1-1); New Jersey 2 Buffalo I (tied 1-1).
      26 words
    • Article, Illustration
      Lock icon Squash
      53 9 Reuter NEW YORK Townament of Champions q-finsls Tuesday: Brett Martin (Aust) b Peter Nicol (Scot) 15-7 12-15 15-13 15-11; Rodney Eyles (Aust) b Julien Bonetat (Fra) 15-12 15-14 15-9; Peter Marshall (Eng) b Zarak Jahan Khan (Pak) 15-10 13-15 15-11 15-2; Chris Walker (Eng) b Paul Steel (NZ) 15-7
      Reuter  -  53 words
    • Article, Illustration
      Lock icon Tennis
      264 9 AFP MONACO Andre Agassi's preparations for the French Open lay in tatters on Tuesday after the 1992 Wimbledon champion was dumped out of the Monte Carlo Open in the first round. In his first clay court tournament since surgery at Christmas on his wrist. Agassi was beaten 1-6, 6-3,
      AFP  -  264 words
    • Article
      Lock icon N Korea to send 600 athletes to Asian Games
      227 9 UPI TOKYO In a move that would snap a series of absences from international sports competition, North Korea may send as many as 600 athletes and officials to Japan to compete in this year's Asian Games, it was reported yesterday The
      UPI  -  227 words
    • Article, Illustration
      Lock icon Slide, Stocker, slide
      41 9 AFP PHILADELPHIA Los Angeles Dodgers second baseman Jeff Tread way leaping above a sliding Kevin Stocker of the Philadelphia Phillies on Tuesday on a ball hit by Phillies pitcher Curt Schilling. The Dodgers won the game 8-7. AFP
      AFP  -  41 words
    • Article
      Lock icon Cowboys most valuable US sports franchise
      300 9 AP NEW YORK The Dallas Cowboys, estimated to be worth US$l9O million (***** million), have the highest value of any US sports team, Financial World magazine says in its issue released Tuesday. The Baltimore Orioles, purchased last summer for US$l73 million by a group
      AP  -  300 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      157 9 Jtredict the highest and lowest trading price when the Berger Paint's shares trade on a "when issued" basis from M 20 A P ril to 29 A P ril 1994 If your prediction is right, you will stand to win one of the three 1,000 cash prizes we are giving
      157 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      649 10 Jacket Required Conn and c»Ub» u>« Th* Bod Card lounch. 22nd April 19&+, Champion S|»o«t» Bar. HHBpmMMIH OV Or FRKffl PASTA K)AI LY. F From Pasta Fresco. The only restaurant to moke its own specialty pasta. Fresh, A everyday. Savour perfect pizza, great geloW and tauMk. tiramisu. AN topped wtHi
      649 words
    • Advertisement
      Page 10 Advertisements Column 2
      283 10 WHERE TO WINE, DINE AND ENTERTAIN Japanese Lunch Dinner Buffet 1-30 April At our Japanese Buffet, you can help yourself to the wide range of dishes. Enjoy Cha Soba, Tempura, Chawan Mushi, Sushi and many more. Adult: *$18.50 Child *$12.00 Subject to 10% service charge and existing government taxes including
      283 words
    • Advertisement
      Page 10 Advertisements Column 3
      369 10 Secretaries' Week At The StMbles All week long we kmc thorn wonder woven without whom the wheelt of comma a would grind to a holt. Storting 25 to 29 April at The StaUes, the re'i speaal set lunches, comptimenlery cocktail, noes, fatkton thorn. Plat lott of attractive door gifts lilce
      369 words
Page thumbnail Page 11
  • LIFESTYLE
    • Article, Illustration
      Lock icon Gallery Vietnam
      792 11  -  Tom Kirkwood paints a bright future for contemporary Vietnamese artists Tom Kirkwood Reuter Residents of Ho Chi Minh City rarely give the tiny shop in Nguyen Du Street a second glance but its goods are fast becoming some of Vietnam's most sought after commodities. Since Nguyen Thi Lan
      Reuter  -  792 words
    • Article, Illustration
      Lock icon Art and architecture dictated by despots
      712 11 Reuter Dictators are notorious for dabbling in architecture as they dream of ideal cities for their new societies. Two exhibitions which have just opened in Vienna highlight the use of classical models and traditional design in the plans of totalitarian leaders including Josef Stalin
      Reuter  -  712 words
    • Article
      Lock icon Evergreen Bennet
      319 11 CHATTERBOX UPI UPI Reuter Reuter SINGING star Tony Bennett, whose career spans three generations. is more popular now than he was 40 years ago. Today, Bennett has been near the top of the pop charts with his latest albums and doubtless will score again with a new album.
      UPI; Reuter  -  319 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      39 11 "ty* 0o J tar A TijMBIJLOIJS PACKAGES ..«£2 \£s° **2SO«* tt) yf Karaoke in one of our 18 riverside theme rooms and party away with our fabulously-priced packages! 9U HmtUtk W Si V fir, 03 tt TeL *****22 *****34
      39 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1219 11 TV RADIO I pen to run rival Ninja Acadc- v i cT mies. meet to see who the (11 v -•»«—^.[4 better ninja is. Helping their —nj masters in the battle are mot- A^' ley students from both sides. some 15.CXX) convicts are put $£> in a halfway house programme.
      1,219 words
Page thumbnail Page 12
  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Adding colour to food, naturally
      564 12  -  Yen Sreenivasan provides details on Sisir's natural alternative for synthetic food additives Ven Sreenivasan MachiavelLI once said. "Men, in general, judge more from appearances than from reality." Perhaps he was talking about food. Man has, for centuries, added colours to improve the appearance and palatability
      564 words
    • Article
      Lock icon Japan's battery makers in highly charged battle
      558 12 NYT MATSUSHITA Electric Industrial Co and Sony Corp have fought high-profile battles in everything from videocassette recorders to audio equipment. The latest round, fought through proxies, is far less prominent but no less highly charged. The battlefield is a next-generation rechargeable battery, critical
      NYT  -  558 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      109 12 CTX LPP 5000 A Colour TFT-LCD Projection Panel Enlarge any Pait of Image to 2 times 48^ Real-Time Freeze 16.7 Million Color Display J Built-in Composite and S-Video Multi-Systems Inputs Compatible with IBM PC, Mac Series, NEC PC-9801, and FM 'm TOWNS Built-in Monitor Loop-Through aj Dealers Welcome K 5
      109 words
Page thumbnail Page 13
  • THE LAW PAGE
    • Article, Illustration
      Lessons to be learnt from the BCCI scandal
      908 13  -  England's Master of the Rolls discusses with Ramesh Divyanathan what the world's biggest banking fraud can teach banks Ramesh Divyanathan Banking supervisors must be "bold, bloody and resolute," says England's Master of the Rolls, Lord Justice Sir Thomas Bingham. They must make
      908 words
    • Article, Illustration
      Lawyers dominate clubs, societies
      366 13 AT THE BAR AS a friendly counsellor pointed out to me last week, it is uncanny how lawyers seem to head or dominate a large number of sports clubs, societies and associations. Perhaps it started with former Law Minister E W Barker, who was elected president
      366 words
    • Regional lawyers to meet in S'pore
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      240 13 H r-4- r f&T* > »#f; 3PNI -Vi fc* H: I ~»V «&J Die PortaMe Air-Conditioner For People On the Move. Compact convenient, easy to use and absolutely no installation t\J\A/\ hassles. DeLonghi Pinguino, Italy's No.l selling portable air-condi- r, tioner is certainly the cool choice for practical modem day
      240 words
    • Advertisement
      Page 13 Advertisements Column 2
      72 13 Unable to care for your pet? Call CATS, to place an ad in classification 115. and find it a new home. C.A.T.S. 737-116* You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the
      72 words
    • Advertisement
      Page 13 Advertisements Column 3
      238 13 asm* sion m» MGwum ouaoorr Mm** NMi Mw Woman's Woman's W—n fjqjl (20pi& PSynA M bdH oboai M bdb*| <faM| Taont Erflry rn m cu [T] en «rr i i i i ii ii M M ii M i i M i M Five persons may form a team and
      238 words
Page thumbnail Page 14
  • Article
    Hata's coalition headaches
    532 14 EPrroroAL AFTER days of hard bargaining, Japan's ruling coalition have named Foreign Minister Tsutomu Hata to succeed Morihiro Hosokawa as the next prime minister. Although a formal announcement has been delayed because of continuing disputes over economic policy, Mr Hata's selection was assured when his remaining rival,
    532 words
  • WHAT THE OTHERS SAY
    • Article
      Bosnia: lend Muslims a hand
      195 14 THE WEST has not only made a mess of the situation in Bosnia, but also a mockery of its pledge to protect the Muslim enclaves besieged by the Bosnian Serb forces. The fiasco over Gorazde must have made it clear to the Muslims and Croats
      195 words
    • Article
      Respect the people's wishes
      156 14 PRIME MINISTER Chuan Leekpai's coalition government is becoming very fragile because of in-fighting and the resurgence of the military's demand to play a more active role in politics. The power tussle between the military and pro-democracy forces is a long-run-ning one in Thailand's strained history, which
      156 words
    • Article
      Keep an eye on prices
      175 14 The Goods and Services Tax (GST) has been in force for three weeks now, and many profiteering cases have been reported in the newspapers. MPs and grassroot organisations can help stabilise prices. For instance, they can form surprise brigades for regular price inspections. Profiteering vendors
      175 words
    • Article
      Unity strengthens
      164 14 THE MERGER between the main liberal political parties the United Democrats of Hongkong (UDHK) and Meeting Point will strengthen the electoral position of the pro-democracy camp. That prospect alone will provoke China's ire. But the formation of the Democratic Party also represents a form of united front, a
      164 words
    • Article
      Eighty-two and still belligerent
      168 14 THE PRESIDENT of North Korea has turned 82 with the usual excessive and expensive celebration Kim II Sung supporters provide. This year's party for "the Great Leader", however, provided both the greatest opportunity and eventual danger for his country since the Korean War ended 41 years
      168 words
    • Article
      Economic warfare continues
      181 14 THE Uruguay Round is the precursor of the World Trade Organisation (WTO) which is expected to be in place on Jan 1, 199S. This trade organisation is expected to set guidelines and be the arbitrator of fair, open trading on a global scale. With the promise of
      181 words
  • Article
    Ominous uproar in India over the new Gatt pact
    1132 14  -  From New Delhi, Vikram Khanna reports on the heated opposition to the Marrakesh deal, which could threaten the country's economic liberalisation Vikram Khanna The writer is BT's Regional Economics Editor THERE IS a political storm blowing through India. With the ink
    1,132 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      259 14 Come to Her World's Bridal Bazaar -Ala Ttf ftyntt.tr M«l Mhw and win $38,000 of wedding prizes k grand 12-day Naw Zealand Parfact Honoymoon wartb $7,000 (froM Chnn Brothers Trawl, Air N«w Zhliml and Nnr Zonlnnd Toorism iMd) N« Clvb SviibiM mHmms worth $1,755 Programmns for Hm Day UCygnoginnt vmMi|<ok«
      259 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      78 14 /THC I'm P\SK«VG I 1 excuse Noese.— DO YOU) ,s 1 "[LIS 0 p^__. SCK I Vg^s^o N \uP y y 0 ?W»9 fpUl C ASSOCIATED NCWSPAKKS LTO, IM2 IM4 /Q,^POONESBURY GARRY TRUDEAU 1 H.l I SOMEONE omen* STBPS ANPUJHO tS /75„./T5 Hi NO. NO rVSJCMN- I FROM THS SHADOWS...
      78 words
Page thumbnail Page 15
  • ANALYSIS
    • Article, Illustration
      East Asia's success story: not ad infinitum
      1011 15  -  Anthony Rowley explains why a little realistic pessimism is in order despite all those rosy economic growth projections for the region Anthony Rowley The writer is BT's Tokyo Correspimdent NO NEWS is sometimes good news, though conversely good news is almost invariably no
      1,011 words
    • Article, Illustration
      Lock icon The Bretton Woods twins need to change their focus
      973 15  -  The IMF and World Bank turn 50 in July. Michael Prowse says they should relinquish some of their functions which the private sector can handle much more efficiently Michael Prowse FT THE International Monetary Fund and World Bank have every reason
      FT  -  973 words
    • Article
      Lock icon The trades at Kidder that never were
      985 15  -  Floyd Norris delves into the recent case of apparently non-existent profits Floyd Norris NYT IF Kidder Peabody's allegations against Joseph Jett. its former chief government bond trader, are accurate, he appears to have taken advantage of a bad accounting system at Kidder to
      NYT  -  985 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      129 15 HOW THE SWISS HAVE THE BEST TIME We oil know that the Swiss hove o reputation for time out to enjoy our Beef and Seafood Fondues, as knowing about time. They also know how to spend it. well as unlimited helpings from our salad bar, is And now at Le
      129 words
Page thumbnail Page 16
  • Article
    Lock icon Bundesbank's sharp rate cut fails to lift German bond market
    479 16 Reuter, Bloomberg Business News FRANKFURT The Bundesbank announced a sharper-than-expected decline in one of its key interest rates yesterday but failed to alleviate gloom on the domestic bond market, which is paralysed by fears of rising US rates. The central
    Reuter,; Bloomberg Business News  -  479 words
  • US housing starts rose 12pc in March
  • Article, Illustration
    Lock icon Hurd suggests ways to broaden bilateral ties
    363 16  -  Reports by Walton Morais in LONDON BRITISH Foreign Secretary Douglas Hurd yesterday agreed with Prime Minister Goh Chok Tong on the need to maintain strong bilateral ties and suggested ways to broaden them. In talks on the final day of Mr Goh's three-day
    Photo by Lim Sin Thai of The Straits Times  -  363 words
  • Article
    Major sees scope for S'pore-UK business collaboration
    476 16 LONDON British Prime Minister John Major yesterday said there was a lot of scope for collaboration between Britain and Singapore, and hoped the new business group formed during Prime Minister Goh Chok Tong's visit would stimulate British industry's interest in Singapore. In written
    476 words
  • Article
    Lock icon GE's strong first quarter results eroded by Kidder charge
    337 16 Bloomberg Business News FAIRFIELD, Connecticut General Electric Co said the US$2lO million (*****.6 million) charge it took for trading irregularities in its investment banking business spoiled what would have been a record first quarter. GE said on Sunday it would take
    Bloomberg Business News  -  337 words
  • Article, Illustration
    Old debts to settle as Vietnam opens its doors
    593 16  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is BTs Indochina correspondent TWO tough financial issues arc being thrashed out in Vietnam. First, at least a dozen US and European MNCs that had business operations in Vietnam before communist North
    593 words
  • Article
    Lock icon Nato endorses UN request for more air strikes against Serbs
    419 16 AFP, Reuter BRUSSELS The North Atlantic Treaty Organisation agreed in principle here yesterday to a United Nations request for expanded bombing raids to stop Serb aggression in Bosnia-Hercegovina, Nato diplomats said. A Nato spokesman said the alliance had ordered its
    AFP,; Reuter  -  419 words
  • Article
    Lock icon Supply squeeze pushes up coffee prices
    180 16 Reuter LONDON Coffee prices soared more than 7 per cent yesterday. Traders said the jump followed a supply squeeze in the May position on the London futures market pushing prices up US$lO7 to close at US$l,6OO. "It was an astonishing rise," a trader said.
    Reuter  -  180 words
  • Article
    Lock icon Banesto posts pre-tax loss of 578b pesetas
    188 16 AFP MADRID The Banco Espanol de Credito (Banesto) made a pre-tax loss of 577.9 billion pesetas (about 556.4 billion) in 1993 compared to a pre-tax profit of 23.7 billion pesetas in 1992, the national commission for the stock market (CNMV) reported yesterday. The
    AFP  -  188 words
  • Article, Illustration
    Lock icon The burden of doing business
    71 16 Reuter LONDON Britain's Employment Minister Michael Forsythe is up in arms over the cost of strain-related work injuries. But yesterday at a Health and Safety Executive bid to tackle the problem, his mood was somewhat uplifted as the world's strongest man, Gary Taylor, carried him
    Reuter  -  71 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • COMPANIES & MARKETS
    • Article
      HK's E and E applies to list wholly owned unit in S'pore
      381 17  -  From Lim Soon Neo in HONGKONG ELECTRONIC components maker Elec Eltek International Holdings (E&E) has applied to list a wholly owned subsidiary on the Singapore Stock Exchange. Subject ot shareholder and SES approval, shares in Elec Eltek International
      381 words
    • Article, Illustration
      Goldtron plans entertainment centre in Phnom Penh
      532 17  -  By Harish Mehta SINGAPORE Sesdaqlisted Goldtron plans to build a seven-storey entertainment centre in Phnom Penh on the banks of the Tonle Sap River. Cambodian sources say the centre, next to the five-star Cambodiana Hotel, will include service apartments, sports facilities and a
      532 words
    • Article
      Why analysts did a U-turn on Intraco
      901 17  -  HOCK LOCK SIEW "■a At By Lee Han Shih SINGAPORE How things change. In 1992, analysts all but gave up on Intraco Ltd. They are now singing a different tune Intraco is a great recovery stock. Why the change? What happened is that
      901 words
    • Article
      Osprey's public offer tranche 24pc undersubscribed
      289 17  -  By Ven Sreenivasan SINGAPORE Volatile market sentiment and uncertain prospects in the shipping business seemed to have dampened the public's enthusiasm for Osprey Maritime's initial public offer (IPO). The shipowner's public offer tranche was undersubscribed by almost 4.5 million shares or by 24 per
      289 words
    • Article
      OUB chairman expects another satisfactory year
      194 17 SINGAPORE Following a 53.4 per cent growth in aftertax profits for 1993. Overseas Union Bank's group chairman Lien Ving Chow said that with continued growth in the region. 1994 ought to be another "satisfactory year" for the bank. In his statement in OUB's latest
      194 words
    • Article
      Berger hits 90 cents intra-day high on its debut
      364 17 SINGAPORE Berger International made an upbeat debut on the stock exchange yesterday as active retail investor interest chased up its price to an intra-day high of 90 cents. The counter, which began trading on a "when issued" basis yesterday, opened at
      364 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        43 17 Steady Market Mi't'tl indicates the likely tradtnv sentiment today, based i>n brokers fulled at 5-(t/>m yesterday. Overnight events may alter sentiment Hiokers pulled Haunt's. Iraser. (Ik (nth. Kay Hian W oihuh (nenfell. ()n\;n > Phillip. lat lee. Smith Court anil II an
        43 words
      • Article, Illustration
        HOT STOCK
        140 17  -  K> Paul Leo OVERSEAS I nion Enterprise lias been trading between 55.50 and 59.20 since September 1990 and a break on either side of the range will result in a 53.70 move in the direction of the breakout. But technicals are indicating that such a break is unlikely
        140 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon Two firms to raise Taiwan investments
          109 18 Bloomberg Business News TAIPEI The Oversea-Chinese Banking Corp of Singapore and Jardine Fleming Investment Management International Ltd of the UK won permission to increase their investments in Taiwan's stock market, the Securities and Exchange Commission said. OCBC can add US$l5 million (5523.9 million) to
          Bloomberg Business News  -  109 words
        • Article
          Lock icon Telekom IVFsia reports M$3.8b profit
          109 18 Bernama KUALA LUMPUR Telekom Malaysia made an after tax profit of M 53.78 billion b(Ss2.l4 billion) between 1990 and last year, the Dewan Rakyat was told yesterday. Energy, Telecommunications and Post Minister S Samy Vellu said the company made a nett profit of Msl.2 billion
          Bernama  -  109 words
        • Article
          Lock icon YTL proposes US$50m bond issue
          92 18 Bernama KUALA LUMPUR YTL Corporation Bhd proposes to make a US$5O million (5579.5 million) nominal value Euroconvcrtible bond issue, convertible into new 50 sen YTL shares. The proposed issue would enable YTL to raise US$5O million for its immediate financing requirements "at an all-in cost
          Bernama  -  92 words
        • Article
          Lock icon MAA's profit soars to M$15.8m
          98 18 Bernama KUALA LUMPUR Malaysian Assurance Alliance (MAA) Bhd announced a group consolidated operating pre-tax profit of M$ 15.82 million (559.2 million) for the year ended Dec 31, a whopping 444.2 per cent jump over the M 52.90 million recorded in 1992. In releasing its unaudited
          Bernama  -  98 words
        • Article
          Lock icon ACB sees demand for containers
          68 18 Bernama KUALA LUMPUR Amalgamated Containers Berhad (ACB) says demand for containers will continue to grow with the prospect of more export oriented industries using containers coming onstream. Chairman Gen (B) Zain Hashim said in the 1993 annual report released yesterday that while demand for new
          Bernama  -  68 words
      • Article
        UNIT TRUSTS & FUNDS
        526 18 UNIT TRUSTS FUNDS Managers' prices Apr 21 use* Fund 100 KM" Singapore Unit Trust UMB lnwst "W Ltd rhc Commerce 1.71 I DO n, nd .w rhc Savings Fund 156 164 "'Ixwid f 1025 05 S pore I'rog Fund 0.72 0 76 United C .r Fund 65 171 S pore
        526 words
      • Article
        Lock icon MBf plans to float offshore financial unit in US
        460 18 Bernama KUALA LUMPUR MBf Holdings Bhd is expected to list its offshore financial arm, MBf Asia Capital Holdings Ltd. on the New York Stock Exchange or the Nasdaq exchange in the United States later this year, its president and chief executive
        Bernama  -  460 words
      • Article
        Lock icon Group pre-tax profit up 8pc to M$80m for year ended Dec 31
        532 18 Bernama KUALA LUMPUR MBf Holdings Bhd achieved an 8 per cent rise in group pre-tax profit to M 580.4 million (5546.6 million) for the year ended Dec 31. Its president and chief executive officer, Loy Hean Heong. in
        Bernama  -  532 words
      • Article
        Lock icon MUI set to further diversify operations
        459 18 MBT KUALA LUMPUR Malayan United Industries (MUI) plans to further diversify its activities. Chairman Khoo Kay Peng says in the company's latest annual report that the MUI group is "well poised to deal effectively with both opportunities and challenges in view of its enormous
        MBT  -  459 words
      • Article
        Lock icon MUM chairman predicts 11.7pc growth this year
        303 18 MBT KUALA LUMPUR Malayan United Manufacturing Bhd (MUM) can look forward to an improved performance in the current year, says chairman Khoo Kay Peng in his latest annual statement. Buoyant domestic economic activities will continue to fuel the growth of the construction sector,
        MBT  -  303 words
      • Article
        Lock icon Analysts see Sabah tycoon winning control of North Borneo Timbers
        261 18 Reuter KUALA LUMPUR Planta-tion-based North Borneo Timbers Bhd, which has been hotly traded on the Kuala Lumpur Stock Lxchangc recently, may see the emergence of a new controlling shareholder who plans to turn the ailing firm into a major timber
        Reuter  -  261 words
      • Article, Illustration
        Cerebos to market Brand's in Philippines
        131 18  -  From Alec Almazan in MANILA FOOD GROUP Cerebos Pacific yesterday announced the launch of its flagship product. Brand's essence of chicken, in the Philippines. "This is particularly significant as it is the first territorial expansion of Brand's in Asia after China," said Cerebos managing
        131 words
      • Article
        DIVIDENDS ANNOUNCED
        1726 18 Payment K\ Books Pay dale close date ABK llldgs 5' F 9 Jun 29 Jul S Jul 13 Acma F 10 Jun 14 Jun 20 Jul 5 Amtck Eng 20* I 6TE Apr 15 Apr 21 Apr 29 Boustcad 50* I 8.$ Apr 22 Ma> 7 Jun 6
        1,726 words
      • Article
        PLDT taking on competitors with US$2.6b plan
        351 20  -  From i Al Labita in MANILA THE Philippine Long Distance Telephone (PLDT) will pursue a US$2.6 billion (SS4.I billion) programme to ward off competitors, a company official said yesterday. In an annual report to stockholders, PLDT chairman Alfonso Yuchengco said the "zero backlog"
        351 words
      • Article
        Lock icon New Zealand's two largest data processing firms for sale
        423 20 Reuter WELLINGTON New Zealand's two largest computer data processing firms are for sale and prospective buyers are lining up, analysts said yesterday. The government announced last week it was selling GCS Ltd, formerly Government Computing Services. The sale of the other
        Reuter  -  423 words
      • Article
        Lock icon Henderson Land's interim net profit up 15.3pc
        210 20 Bloomberg Business News HONGKONG Hongkong real estate developer Henderson Land Development said its net profit rose 15.3 per cent in Wthc six months ended Dec 31 i 199 3" The company said net prof- it rose to HKS2.3S billion j&(S$469 million) from HKS2.O4
        Bloomberg Business News  -  210 words
      • Article, Illustration
        Lock icon Getting KFC ready for the Expo
        35 20 Reuter HANOI Vietnamese workers preparing a Kentucky Fried Chicken sign yesterday for the first international exhibition of American products dubbed Vietnamerica Expo *94 which opens in Hanoi today. Reuter
        Reuter  -  35 words
      • Article
        Lock icon Korea Telecom may be 7 times subscribed
        212 20 Reuter SEOUL Bank officials estimated that this week's auction of shares in state-owned Korea Telecom was seven times subscribed, higher than expected. Deposits received in the Monday and Tuesday sale totalled 322.2 billion won (***** million) from 169,794 applicants. Of these 169,513 were
        Reuter  -  212 words
      • Article
        Lock icon China Steel, US firm in NT$2b silicon deal
        147 20 AFP TAIPEI Taiwan's state-run China Steel Coip (CSC) and MEMC Electronic Material lnc of the United States have negotiated an NT$2 billion (5591.9 million) joint-venture deal to make silicon wafers here, CSC officials said yesterday. The CSC and the Califor-nia-based firm are
        AFP  -  147 words
      • Article
        Lock icon Japanese thirst for telecom-linked stocks a boon for Kenwood
        319 20 Reuter TOKYO The price of Japan's so-called communica-tions-related shares have soared this year as investors struggle to find stocks to buy, and audio equipment maker Kenwood Corp has been one of the biggest beneficiaries. Its share price had jumped to 923
        Reuter  -  319 words
      • Article
        Lock icon Compaq to increase manufacturing capacity
        351 22 S'pore facility among three targeted by US PC firm Reuter, Bloomberg Business News HOUSTON Compaq Computer Corp said it plans to significantly augment manufacturing and distribution Capacity at its Singapore, Scotland and Houston facilities to y keep pace with expected de--0 iinand. •< ;l- The
        Reuter,; Bloomberg Business News  -  351 words
      • Article
        Lock icon New York Times Co posts 62pc profit rise
        269 22 NYT 1 NEW YORK The New York Times Co on Tuesday reported a 62 per cent rise in its first-quarter earnings, to US$l7.7 million (5527.6 million) from US$lO.9 million a y for earlier largely because of stronger results at The New York
        NYT  -  269 words
      • Article
        Lock icon Microsoft Windows to have Internet access
        502 22 Move comes as company announces 3rd-qtr operating profits up 38pc Reuter, Bloomberg Business News ANAHEIM, California Microsoft Corp chairman Bill Gates said on Tuesday that the next-generation version of the company's hugely popular Windows software will include built-in access to the Internet computer network.
        Reuter,; Bloomberg Business News  -  502 words
      • Article, Illustration
        Lock icon No child's play
        46 22 Reuter NEW YORK Disney is reported to have invested US$ll.B million (5518.4 million) in the musical "Beauty and the Beast", which opened on Broadway here on Monday. Actor Terrence Mann portrays the Beast in the musical, the most expensive ever on Broadway. Reuter
        Reuter  -  46 words
      • Article
        Lock icon Tobacco profits lift Philip Morris' results beyond expectations
        267 22 Bloomberg Business News NEW YORK Philip Morris on Tuesday reported unexpectedly strong tobacco profits for the first quarter, helping to ease concern about stepped-up attacks in Washington and the lingering effects of a price war. The tobacco and food company's first-quarter profit
        Bloomberg Business News  -  267 words
      • COMPANY BRIEFS
        • Article
          Lock icon Snow Brand invests in Aussie plant
          84 22 Reuter MELBOURNE Japan's Snow Brand Milk Products Co Ltd's wholly owned Australian subsidiary said yesterday it had invested As2s million in a new factory in Australia to test and package infant milk formulas for Australian and offshore markets. Snow Brand Tatura Dairies Pty Ltd
          Reuter  -  84 words
        • Article
          Lock icon Daewoo to build VCR plant in N Ireland
          82 22 AFP SEOUL South Korea's Daewoo Electronics Co Ltd held a ground-breaking ceremony for a video cassette recorder manufacturing plant in Northern Ireland on Tuesday, a company spokesman said here yesterday. Daewoo will spend US$2O million (SS32 million) to build the factory which
          AFP  -  82 words
        • Article
          Lock icon Galeries Lafayette breaks even
          92 22 Bloomberg Business News PARIS French department store and retail chain Galeries Lafayette SA said yesterday it just broke even in 1993 after earning 69 million French francs (5518.3 million) in 1992. The company said it would pay a net dividend of 11 francs per share, unchanged
          Bloomberg Business News  -  92 words
        • Article
          Lock icon Mitsubishi ties up with Samsung
          64 22 Bloomberg Business News TOKYO Mitsubishi Heavy Industries Ltd, Japan's largest heavy machinery maker, will provide South Korea's Samsung Heavy Industries with the technology to manufacture refuse incinerators, the company said in a statement yesterday. Mitsubishi has previously licensed refuse incinerator technology to China. The environmental
          Bloomberg Business News  -  64 words
        • Article
          Lock icon Sale of McCaw stake to proceed
          73 22 Bloomberg Business News LONDON British Telecommunications pic chairman lain Vallance said the sale of 17 per cent of McCaw Cellular Communications Inc of the US will proceed, the Wall Street Journal Europe reported yesterday. US regulators are currently investigating American Telephone Telegraph Co's plans
          Bloomberg Business News  -  73 words
    • FINANCE & COMMODITIES
      • Article
        Bangkok grants offshore licences to UOB, OUB
        347 23  -  From Loh Hui Yin in BANGKOK ALL THE Big Four banks from Singapore will now have offshore operations here, as the Thai government has formally given licences to United Overseas Bank and Overseas Union Bank. Approval was given at the Thai Cabinet's weekly
        347 words
      • Article
        Lock icon Wing Hang Bank offers HK$400m CDs
        175 23 Knight-Ridder HONGKONG Wing Hang Bank of Hongkong yesterday launched a HKS4OO million (SsBo million) offering of fiveyear floating-rate certificates of deposit at 55 basis points over the three-month Hong Kong Interbank Offered Rate (Hibor) said a spokesman for the arranger, Chemical Bank. Wing Hang
        Knight-Ridder  -  175 words
      • Article
        Non-US groups raise record US$11b by depository receipts
        216 23 SINGAPORE A record US$ll billion (5517.1 billion) of capital was raised by nonUS companies and governments through depository receipts in 1993, surpassing the 1992 total of US$9.l billion. According to Citibank, of the total amount, 80 per cent was raised on US
        216 words
      • Article, Illustration
        Dah Sing scores a HK first on Asian dollar market
        293 23 SINGAPORE Hongkong's Dah Sing Bank has made its debut on the Singapore-based Asian dollar market with the issue of a US$lOO million (S$ 156 million) floating rate certificate of deposit (FRCD). This marks the first time that a Hongkong-registered bank
        293 words
      • SMALL CHANGE
        • Article
          Lock icon Manila to cut bank reserve requirement
          85 23 Reuter MANILA Philippine Central Bank governor Gabriel Singson said yesterday the reserve requirement for banks will be reduced to 18 per cent from the current 20 per cent. "I am thinking of reducing it to 18 per cent from 20, but I am looking
          Reuter  -  85 words
        • Article
          Lock icon Vanguard starts emerging markets fund
          77 23 Bloomberg Business News NEW YORK The Vanguard Group of Investment Companies on Tuesday said it had established a new mutual fund to invest in emerging markets. The fund will invest in a group of 300 stocks in Asia, Latin American and Europe based on their
          Bloomberg Business News  -  77 words
        • Article
          Lock icon 9 Citibank traders join Deutsche Bank
          93 23 Bloomberg Business News LONDON Nine foreign exchange traders left Citibank on April 15 and joined Deutsche Bank AG, the Wall Street Journal Europe reported. Those involved included Citibank's head of New York foreign exchange Michael Desa and his lieutenant Daniel Almeida. Deutsche Bank confirmed
          Bloomberg Business News  -  93 words
        • Article
          Lock icon Claims against Prudential dismissed
          96 23 Bloomberg Business News NEW YORK A New York state judge on Tuesday dismissed allegations that Prudential Securities Inc misrepresented risks associated with investing in its Polaris Holding Co limited partnerships. The claims involved in Monday's case represent a fraction of investor complaints that Prudential Securities, a
          Bloomberg Business News  -  96 words
        • Article
          Lock icon Probe into Credit Lyonnais approved
          64 23 Reuter PARIS The finance committee of France's National Assembly yesterday agreed to open an inquiry into the financial difficulties and management of state-owned bank Credit Lyonnais. The National Assembly said in a statement that the plan, which will give a 12-member team of parliamentarians six
          Reuter  -  64 words
      • Article
        Lock icon Analysts call for short-term bonds in core markets
        547 24 Reuter LONDON As a cloud of gloom hangs over the international government debt markets. analysts are recommending defensive investment in short-duration notes and bonds in core European markets or even outright sales. Short-duration bonds, those with shorter maturities or higher coupons, lose
        Reuter  -  547 words
      • Article
        Lock icon Investors expect Fed to tighten credit further
        405 24 NYT NEW YORK The ripples in the pond began to subside on Tuesday, one day after the Federal Reserve raised shortterm rates for the third time this year. But investors remain mindful that the central bank may have more stones to throw. Short
        NYT  -  405 words
      • Article, Illustration
        Lock icon Now, that's a big note
        46 24 Reuter LONDON Graham Kentfield, chief cashier of The Bank of England, carrying a giant copy of the new £50 note on Tuesday. The note is the last in the bank's new series, and replaces one designed nearly 15 years ago. Reuter
        Reuter  -  46 words
      • Article
        Lock icon US firm Seagull takes stake in Viet offshore well
        438 24 Platts LONDON Seagull Energy Corp, an acquisitive company in the North American upstream sector, has broadened its reach by farming in to an international joint venture that is drilling a well offshore of Vietnam. The project at the more than 400,000
        Platts  -  438 words
      • Article
        Lock icon US mills buy more foreign steel
        578 24 Imports more than double to meet surge in domestic orders Bloomberg Business News Washington us steel imports in February more than doubled from a year ago as American steel mills bought foreign steel to fill a crush of domestic orders, an industry group said
        Bloomberg Business News  -  578 words
      • Article
        Lock icon Aluminium market edgy over Brussels talks
        201 24 Reuter LONDON The aluminium market will become increasingly bearish if inter-governmental talks in Brussels this week fail to throw up fresh developments or if there are no signs that Russian cuts are inhibiting exports. Analysts and traders expect the major producing nations to review
        Reuter  -  201 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        153 24 US DOLLAR TRADING continued to be lethargic in the Far East markets yesterday as the unit opened generally little changed. The Singapore market continued to be uneventful with the US dollar trapped in a five point range between 1.5580-85 for the day. Over in the
        153 words
      • Article
        Lock icon London
        183 24 Bloomberg Business News LONDON The dollar fell for the third day yesterday against the mark after the Bundesbank said its benchmark money market rate dropped 12 basis points to 5.58 per cent at the central bank's weekly market operation. "The whole picture looks pretty grim for the dollar." said
        Bloomberg Business News  -  183 words
      • Article
        Oil futures prices mixed after US inventory report
        177 24 Bloomberg ENERGY REPORT LONDON Oil futures prices were mixed yesterday after a confusing weekly report from the American Petroleum Institute, brokers said. On Tuesday night the API reported a modest increase in crude oil and gasoline supplies during the last week, while
        177 words
      • Article
        Lock icon New York
        86 24 AFP NEW YORK The dollar was down against other major currencies with the exception of the yen in early trading yesterday as buyers tested the support level for the US currency. Meanwhile, an ounce of gold was up USSI at U*****.50. At 9:25 am (1325 GMT), the greenback
        AFP  -  86 words
      • Article, Illustration
        Untitled
        1742 24 iidA-k luliultihil u<uni'i S'i*rc'\ hi> H liiuliine iviiihi* Kjv i.w /«.< US$/S$ forward rates Noon Apr 20 ss Bid Oder I month I 5585 1 5600 .-month I 55'J ***** J-monlh 1.5597 1.5612 6-month I 5600 I 5620 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Apr 20
        1,742 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen continues descent to hit year's low
        1388 25 CHfICV DCDtfIBT 9WRA nSrwll Reuter SINGAPORE Simex Euroyen futures closed sharply lower in heavy choppy trade yesterday. Dealers said sentiment was bearish following Bank of Japan governor Vasushi Mieno's remarks on Tuesday that the time was not right for a cut in the
        Reuter  -  1,388 words
      • Article
        Crude palm oil rises further
        616 25 COMMODITY REPORTS Palm Oil THE crude palm oil physical market extended its firmness to close higher yesterdav but gains were limited by profit-taking. Dealers said the market cooled ofT after a sharp rally on Tuesday which saw crude palm oil futures being traded limit-up on
        616 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Basic demand for grains seen firm
          118 25 LONDON Grain markets are volatile, although they are supported by indications that underlying demand is strong, traders say. However, for the moment, wheat prices have eased because demand for domestic consumption from Germany and the Netherlands has tailed off. The dollar-denominated export market has
          118 words
        • Article
          Platinum edges higher in Europe
          67 25 LONDON Platinum edged higher in European dealing, gaining around US$2 from late Asian levels. South-east Asian business had seen a continuation of the selk>fT that began in New York on Tuesday, with long liquidation following a perceived easing in events in South Africa ahead of
          67 words
        • Article
          March world aluminium output up
          57 25 LONDON World aluminium output totalled 1.237 million tonnes in March, up 102.000 tonnes from a revised 1.135 million tonnes in February, provisional figures released yesterday by the International Primary Aluminium Institute showed. Daily average aluminium production was 39.900 tonnes in March, down 600 tonnes from
          57 words
        • Article
          Copper trade sees need for smelter
          82 25 TOKYO Despite recent reductions in copper output at Japanese smelters and the collapse of a plan for a new smelter in Thailand. Asia industry sources say new production capacity is needed to meet the regions' growing demand for the red metal in the long
          82 words
    • Article
      COMMODITY PRICES
      1508 25 Rubber Singapore CoMnadity Exchange (futures dosing as it lpH) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest May 94 148.23 146.75 148.00 650 2.000 Jun 148.25 148.00 148.50 400 5.525 Jul 149.00 1.900 Aug 149.50 1.700 Sep 150.00 1.700 Oct/Dec 150.00 149.25
      1,508 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1271 26 -14.8 The Australian stock market lost further ground to close weaker yesterday, dragged down by falls in futures, a sharp drop in gold prices and volatility in overseas markets, brokers said. After a day of trading in negative territory, the All Ordinaries index ended down 14.8 points at 2,046.6
        1,271 words
      • Article
        Manila
        663 26 +20.89 Share prices closed up, spurred by better-than-expccted corporate earning results in the first quarter, but profit-taking in the last 30 minutes of trade pared early gains, brokers said. The composite index rose 20.89 points or 0.74 per cent to hit 2,846.82 points, up from 2,825.93 points on Tuesday.
        663 words
      • Article
        Taipei
        543 26 +16.57 Taiwan stocks closed up but well oft' the day's highs on waves of late profit-taking in industrials and brokers expect the volatile trade to continue. The weighted index finished up 16.57 points, or 0.29 per cent, at 5,692.32, well oft" the intra-session high of 5,760.72. Turnover surged to
        543 words
      • Article
        Seoul
        433 26 -5.01 Stocks closed lower for the third consecutive session in very thin trading as some investors switched interest to the public auction of state-funded Korea Telecom, brokers said. The composite stock index lost 5.01 points to 880.84. "Money going to the auction put further pressure on the market which
        433 words
      • Article
        New Zealand
        306 26 +2.65 The New Zealand share market recovered from Tuesday's 37point loss to end slightly firmer after a session characterised by thin volumes. The NZSE-40 Capital Index closed up 2.65 points at 2,107.35 on a light volume of NZS2B million. Brokers said the market took its lead from a
        306 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        676 26 Britannia Funds Stetiiag Cash BU Oflw Mini Cap Deposit U 6400 18 6500 Mim ktw (nil ....***** 0.1992 Mim Max Income <0 9800 *1 0200 US$ Cash Irxonx Plin Fund V 9500 10 4800 PS J Reserve Fund 5 2500 5 2600 iinrtln pi) Euro Performance .0.4592 0 4918 Far
        676 words
      • Article
        London
        628 26 -25.7 STOCKS dropped for the third straight session yesterday as a grcatcr-than-cxpcc-tcd rise in average wages undermined hopes for interest rate cuts, sending government bonds lower. The FT-SE 100 Index of leading British stocks dropped 29.7 points to 3,098.3, after initially rising 10.5 points to 3,138.5. In a pointer
        628 words
      • Article
        Paris
        175 26 -33.27 French stocks fell for the second straight day as Monday's rise in US interest rates continued to unsettle investors, traders said. Analysts arc divided on whether yesterday morning's 12 basis point cut in the German securities repurchase rate, its main money market rate, will offset the weakness of
        175 words
      • Article
        Stockholm
        61 26 -4.27 Swedish shares fell, with the OMX Index closing down 4.27 points at 1,097.65. Stockholm Apr 20 Skr A*a *1700 -600 Afln 152 00 100 All»<o(M> SOTOO 400 Enom Tei LM AB B 341 00 3 00 E«b 254 00 -100 S-E-Bankcn 47 00 -0 50 SKF 144 00
        61 words
      • Article
        Frankfurt
        201 26 10.22 German stocks closcd the official session higher after investors took advantage of Tuesday's drop to buy shares that looked cheap. Yesterday morning's cut in the Bundesbank's securities repurchase rate to 5.58 per cent from 5.70 per cent also helped by reassuring investors German interest rates are falling, making
        201 words
      • Article
        Brussels
        175 26 -0.76 Belgian stocks closed little changed with a drop in short-term rates offseting a rise in long-term rates, analysts said. The Bcl2o index of bluc-chip stocks fell 0.76 point, or 0.05 per ccnt, to 1,476.48. Meanwhile, short-term Belgian interest rates declined because of a 10 basis point cut in
        175 words
      • Article
        Milan
        170 26 -41 Italian shares closed weaker as the nation's new political leaders prepared to launch a government. "There was a bounce at the start but this correction is still continuing," said a trader at Pasfin Securities. The market's Mibtcl Index ended 0.35 per ccnt or 41 points lower to 12,183.
        170 words
      • Article
        Amsterdam
        254 26 -1.61 Dutch stocks closed lower as domestic and foreign investors remained nervous over European interest rates, traders said. Nervousness over the May 3 parliamentary elections in the Netherlands and a weaker dollar also pushed most prices lower. Royal Dutch Petroleum Co and Unilever NV led stocks lower. The Amsterdam
        254 words
      • Article
        Zurich
        234 26 -18.4 Swiss stocks closcd 0.65 per cent lower, as declines in bonds across Europe deterred investors hoping for cuts in interest rates, traders said. The Swiss Market Index of 22 blue-chip stocks, or SMI, closed down 18.4 points at 2,818.7, with 14 stocks declining, two unchanged and six advancing.
        234 words
      • Article
        Johannesburg
        285 26 +35 A weaker gold price chewed at confidence levels in related sectors on the Johannesburg Stock Exchange yesterday as investors chose to take some profits after Tuesday's sharp gains. The overall index shed 35 points to 5,045 after making 110 points on Tuesday and the gold index was 62
        285 words
      • Article
        Toronto
        317 26 -6.94 Toronto stocks shed early gains and traded lower at midday yesterday, pressured by losses in consumer and industrial products, traders said. The TSE 300 composite index lost 6.94 points to 4,108.13 in sluggish turnover of 21.6 million shares valued at C 5399 million. Declines led advances 346 to
        317 words
      • Article
        New York
        774 26 •36.58 Blue-chip stocks were off sharply at midscssion yesterday, hounded by fears that rising interest rates could hurt corporate profits. At 1 pm EDT, the Dow Jones Industrial Average was off 36.58 points at 3,583.24 after gaining more than 20 points earlier in the session. In the broader
        774 words
    • Article, Illustration
      Lock icon HONGKONG
      3206 27 Bloomberg Business News HONGKONG Real estate stocks fell and pushed down the benchmark Hang Seng Index amid concerns about the outlook for interest rates and property prices. "Investors fear that rising interest rates and falling property prices will reduce the earnings of property companies." said Charlotte Wun. senior manager
      Bloomberg Business News; Source: Bridge Info  -  3,206 words
    • Article, Illustration
      CHINA
      561 27 BOTH B markets fell 1.9 per cent yesterday, reacting in sympathy to the severe fall in the A markets. Shanghai A market, for instance, has lost more than 10 per cent in the past two days. Volume in Shanghai was relatively modest at US$3.3 million. Shangling. Steel Tube, Tyre
      561 words
    • Article, Illustration
      Lock icon TOKYO
      2547 27 Bloomberg Business News TOKYO Stocks declined on concern that Japan's shaky coalition government is becoming bogged down in policy disputes, traders said, delaying any new initiatives to stimulate the economy. The benchmark Nikkei 225 Stock Average fell 310.16 points, or 1.54 per cent, to 19,882.18. Trading was light. Turnover
      Bloomberg Business News; Source: Bridge Info  -  2,547 words
    • Article, Illustration
      Lock icon BANGKOK
      1829 27 Bloomberg Business News BANGKOK Thai share prices rose 0.7 per cent as investors focused on finance stocks amid expectations of good earnings in the first and second quarters, analysts said. Investors downplayed the potential negative impact of rising interest rates in favour of the country's solid fundamentals. said Narong
      Bloomberg Business News; Source: Bridge Info  -  1,829 words
    • Article, Illustration
      Lock icon JAKARTA
      1160 27 Bloomberg Business News JAKARTA Indonesian shares fell as investors concerned about political turmoil in northern Sumatra kept out of the market, traders said. The Composite Index fell 7.3 points, or 1.6 per cent, to 458.464. Volume was 17.9. million shares worth 88.8 billion rupiah compared to Tuesday's 14.3 million
      Bloomberg Business News; Source: Bridge Info  -  1,160 words
    • Article
      CLOB INTERNATIONAL
      2640 28 iBKMIMLiMtet FM"B 50c 10.266.000 Muk i-Purpose 5.795.000 KL Indiolncs 4.752.000 Mulpta Iml 30C 4.297.000 Kamwilint 50c 3.644.000 kirn H yd 50c 3.471,000 Asia Pac Ld 3.0*0.000 Lien Hoc TSK97 2.719.000 Bcijaya Iml 2.441.000 Kcnuyan 50c 2.357.000 DM IB Mid 50c 2.151.000 Sd DrcUj 50C 2.136.000 IWH 1.916.000 MOST
      2,640 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices little changed amid US rate concerns
        5461 28 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index was little changed as concerns about US interest rates offset enthusiasm over falling local rates, analysts said. The benchmark Composite Index rose 3.62 points, or 0.35 per cent, to 1,039.66. The broader Emas Index
        Bloomberg Business News; Source: Bridge Info  -  5,461 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7401 29 fir til 19*1 Last Vol Day Last (Jaole Di» Dn \M Nel M Cap lli«h Low wfU) Salt ('000) Hi||h l ow itattt SHIrr Cii S P/K Saiil INDUSTRIAL AND COMMERCIAL 1440 260 s Ac ma 930 cd -15 16 945 930 910 935 17.5 2.1 1.9 14 9 6410
        7,401 words
      • Article, Illustration
        Lock icon Players hold back after unclear direction from Wall St
        1932 30  -  By Paul Leo SINGAPORE Sentiment was cautious yesterday as Wall Street failed to give any clear direction. The Straits Times Industrials Index traded within a narrow 5-point range between 2,220 and 2,225 for most of the day before rising in the
        Charts by Bridge Info; Source: Bloomberg  -  1,932 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      320 17 NEWS VALUE How toda\ > news minht affect your stinks Multinationals plug into Asia's booming power markets <PK I) Positive for regional markets. Real eontracts. not just plans. Wing Tai launches condo at prices 23pc higher than early offer (pii 2) Watch out for the response. Goldtron plans entertainment centre
      320 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      123 18 Singapore Preview: The Hyatt Regency Hotel Sir Henry Keppel Room 23-24 April, 1994 10:00 a.m. 6:00 p.m. Sales: Hong Kong, i at the Hilton Hotel a.Contemporary Chinese Oil Paintings A I J Fine 19th 20th Century Chinese Paintings JTj|A v f 'fy Chinese Works of Art J* Fine Chinese Ceramics
      123 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      2658 19 ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) T M NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary Genera! Meeting of tha Company w* ba held in tha Board Room. 46t0 Storey, DBS Buikfing. 6 Shamon Way. Singapore 0106 on
      2,658 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      542 20 Give yourself the PRIME advantage today. APPLY FOR THE ALL-IN-ONE PRIME ACCOUNT FROM HONGKONGBANK n Secondary All applicants must be above the age of 21 and have Present Employer Address: Post Graduate The information given herein is true and complete. I/We an annual income of not less than $30,000. There
      542 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      245 21 ip| IP jwm I have the prime advantage. You'd be forgiven for thinking that this man and Master Card. He has five free standing has a head start in life. In reality, however, instructions, the convenience of a cheque he isn't privileged. He simply has PRIME book and his money
      245 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      408 22 OfAR EAST LEVHNGSTON SHIPBUILDINC LTD p (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of the Company will be held at the Board Room of the Company's Registered Office at 31 Shipyard Road, Jurong Town, Singapore 2262
      408 words
    • Advertisement
      Page 22 Advertisements Column 2
      431 22 Steamers Maritime Holdings Limited (Incorporated in the Republic ot Singapore) NOTICE OF ANNUAL GENERAL MEETING ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the Annual General Meeting of the Company which will be held at the Emerald Room, 10 Hoe Chiang Road #04-02, Keppel Towers. Singapore 0208 on Friday. 6 May
      431 words
    • Advertisement
      Page 22 Advertisements Column 3
      202 22 /HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, to stay successful in business, one has to be highly competitive. That means having the right image, up- to- date office equipment and full time experienced staff; yet keeping low overheads. Here at World Wide Business Centre Pte Ltd,
      202 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      147 23 fftne (ju/swe. A sumptuous experience. Introducing our new a la cartc menu. With dishes exquisitely prepared and served in elegant surroundings. VV<? Music. Reminisce as Los Senores, our new 3-piece strollers from the Philippines, plays the evergreens. And the world at your feet. At such a height, you'll like the
      147 words
    • Advertisement
      Page 23 Advertisements Column 2
      48 23 Making the rounds in search of anew apartment? Let The Straits limes Classified do the leawork check the property listings todayl 737-1166 tH Pianos for prodigies, violins for virtuosos... You'll find the answers to all your musical needs at classification 111 in The Straits Times Classified. CATS. 737-1166
      48 words
    • Advertisement
      Page 23 Advertisements Column 3
      631 23 ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) To: All Shareholders NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Sixth Annual General Meeting of the Shareholders of the Company will be held in the Board Room, 46th Storey, DBS Building, 6
      631 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      105 25 Special notes and coins with auspicious numbers! Come bid for these coveted $50 "ship" cleartext series, $2 notes and numismatic coins. DATE Sunday, 24th April 1994 VENUE Crown Prince Hotel Royalty room (3rd level) 270 Orchard Road, Singapore 0923 TIME 1.30pm sharp PREVIEW Sunday, 24th April 1994 12.00n00n I.oopm BY
      105 words
    • Advertisement
      Page 25 Advertisements Column 2
      40 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the ful picture. Companies Markets. Everyday. RfismessTimpQ
      40 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      61 26 Baume Mercier mJwFZ 18 karat gold and stainless steel. GENEVE Screw-down crown and case, maltres horlogers depuis 1830 water-resistant to 30 meters. jm tmme Herder Boutique mi Service Centre Singapore: *01-01 Mandarin Shopping Arcade, Mandarin Singapore, 333 Orchard Road. Singapore 0923 Tel *****31 Malaysia: Shop Lot 4, Mezzanine Floor, Sbangn-la
      61 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      38 27 W HI I I Retail Outlets II HI I I «02-02 Centrepoint. #01-26 Chinatown Point ■I HI II #02-143 A Marina Square. sOl-07 Raffles City. 302-20 Wisma Atria. I II HI I I and all leading department stores.
      38 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      97 29 I f gj|j r r vV Since 1735 there mas ~~-va» 1111 KI NI VI R W w |H^ HII. IKHIK Gl ASS I ikky IM.i/d Tel THMWI ScutU. 2ft6M7/7IW» I riHrepimH Tc« 7MIVWMJJ Pemnsutj t»l.«/.i T<-l JIHWIfJMWI WmMTi.K* Ceolic IVI 27J100/ PafcMs W 71)1262/541* Kjdh TH (-kin|vAiipiMlltiiniivilMl>4l.WrslWin|M.Trt )42«IMM> Ttiminjl
      97 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      97 30 International Factors (Singapore) Ltd A member of The ECICS Group 5515,000,000 Series Two Floating Rate Notes Due 1994 NOTICE IS HEREBY GIVEN THAT, in accordance with the Terms and Conditions of the Notes, the Company will redeem Series Two of the Notes on the Interest Payment Date falling on 15
      97 words
    • Advertisement
      Page 30 Advertisements Column 2
      431 30 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR HUA XIANG LOU PTE LTD (Incorporated in Singapore) Take notice thai Lee Swee Sick of Blk 110 McNair Road #03-245 Singapore 1232 ha* been appointed provisional liquidator of the abovenamed Company on 8 April 1994 pursuant to Section 291 of the Companies Act, Cap.
      431 words
    • Advertisement
      Page 30 Advertisements Column 3
      459 30 m& L&M GROUP INVESTMENTS LIMITED BROUP (Incorporated in the Republic of Singapore) H NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 13 Third Chin Bee Road, 11 H Singapore 2261 on 6 May 1994 at 10.00 am for the purpose of consider-
      459 words
    • Advertisement
      Page 30 Advertisements Column 4
      317 30 5 NOTICE IS HEREBY GIVEN that, I Ang Huat Soon of Block 355 Choa Chu Kang Central Singapore 2368 have applied far a Public House, First Class (Extended) Licence in respectof premises at M/S Kabuki Deluxe Nile-Club Pie Ltd at 15 Caimhill Road #06-03 Caimhill Place Singapore 0922, and that
      317 words
Page thumbnail Page 31
  • Shipping Times
    • Article
      Maritime industry urged to continue emphasis on safety
      601 31  -  By Dexter Lee SINGAPORE Employers, unions and training institutions have been urged to continue to emphasise safety, even though much has already been done to promote its importance. The call came from Marine Department director Teh Kong Leong in an article in
      601 words
    • Article
      Lock icon Avondale faces proxy battle with employee group
      352 31 Bloomberg Business News WASHINGTON Avondale Industries Inc. one of the last non-union shipyards in the country, faces a proxy battle with a group of employees. About 28 Avondale workers have allied with the United Brotherhood of Carpenters and Joiners of America to sponsor
      Bloomberg Business News  -  352 words
    • Article
      Proposal to revise Thai laws on building piers
      243 31 BANGKOK The Committee on Extended Water Structures Policy will propose that the Ministry of Transport and Communications amend current laws concerning the building of structures protruding into bodies of water. According to a report in The Kalian on Monday. Anek Tabsuwan, Deputy
      243 words
    • Article
      Lock icon OOCL adds second ship to Shanghai-Japan service
      107 31 AFP HONGKONG Orient Overseas Container Line Ltd (OOCL) will add a second vessel to the Shanghai-Japan feeder service it started only five months ago. The OOCL Pudong will join the 400 20-foot equivalent unit OOCL Shanghai in offering a weekly service that will
      AFP  -  107 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      809 31 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      809 words
    • Article, Illustration
      Lock icon Tunnel invasion?
      30 31 Reuter LONDON The Great British Lion Gulliver) is overwhelmed by French 'pygmies* who invade England while he sleeps in this cartoon about the English Channel I unnel. Reuter
      Reuter  -  30 words
    • Article
      Lock icon Maritime institute will enhance KL's image
      217 31 Bernama KUALA LUMPUR The Malaysian Institute of Maritime Affairs (MIMA), a policy research institute set up last year by the government to deal with maritime issues, will play a role in enhancing the status of Malaysia as a maritime nation. an official from MIMA
      Bernama  -  217 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        448 32 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Ummeedti 22A P08B alongside 19 04 7300 Warn MA NU3 J1 alongside 2004 2300 Victory 4 2 94 P01A alongside 19 04 2355 Gaoyang 127 Jll alongside 2004 0600 Baam Speed3 A7794* P01A
        448 words
      • Article
        CONTAINER SCHEDULES
        1844 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Babnce Rstts Ship Voy No Etb/Btr Period From To From Ac. daisy 051B 22/2000 3 20 0/00 20/1159 20-1400 4 20/1200 20/1459 20/1700 Vi Swan U4A 20 1600 1A 19/1500 19/1659
        1,844 words
    • Article
      THE SHIPPING GUIDE
      10800 40 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. LEGEND PN: ship calls at Pcnang after
      10,800 words
    • Article
      SHIPPING AGENTS
      3158 45 A xm.BC Caataiarrliar NV: Bclsin Shpg Agcncies Pre Lid (SyMarinc Handling Sdn Bhd (PK/PN). Accord Graapc Accord Shpg Ptc Lid (Sy Accon) Contr Line (PK/PN) Adkris Mans C orpontfioa PMUfyiac Calsourvc Shpg A Trdg Pic Ltd (S) Ahreakiei Liner Service: Kim Shpg rrdg(S). AfeMm Sea-Air Service: Frata Shpg
      3,158 words
    • Article
      COURIER SERVICES
      290 45 Abacus C ouriers Td: 545-8011. Fax: 545-1898 Air Express Travel Tel: 531-5771. Fax: 535-6144 Airborae Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link Inter national Tel: 344-3377. Fax: 345-6450. Cluster Liak Supplies
      290 words
    • Article
      AIR FORWARDERS
      1509 45 Abes Express Freight Td 542-7171 Fax: *****84 Artiaic Forwarder Td: 225-1833 Fax: *****42. a r_ ft Minw xpqjiporv Td: 542-7821 Fax: *****20. A L'Mtaki I —aj!,, I actuiirk r mgni i ninmNMUii Td: 545-8031 Fax: *****05 Td"542-5911. Fax: *****18 Air Cargo Nana Express Td: 542-5454 Fax: *****06 Ah
      1,509 words
    • Article
      PORT CONDITIONS
      2358 46 ALBANIA Durres: Four vessels in port opcrating of which I discharging gasoline, I general cargo, I feldspar on pallets, I bagged cement, 1 vessel waiting in roads to discharge bagged flour. ANGOLA Luanda: City quiet; port working normally with no delays reported. lx)bito, Namibe: No delays reported. All
      2,358 words
    • Article
      CRUISE & FERRY SCHEDULES
      469 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA LTD Ports of Calls Port Agent I elephone No APRIL 20 23 Fedor Dostoevski) 0700 0800 Brunei Town Jardine Shpg Agencies 224-1052 Sin Penang 21 21 Leisure World 1000 2015 Jakarta Sin Lauw Sons Travel 227-8284 Port Klang 22
      469 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      651 46 SHIP SALES TANKER RATES AFP DESPITE expectations that we would have a slow week, there have been a number of sales or rumours circulating, with a lot of underlying inspections going on. VESSELS SOLD FOR FURTHER TRADING Bulk Carriers World Star 68,600 dwt and built Dec 1985 Mitsui, sold for
      AFP  -  651 words
    • Article
      COCKETT BUNKER MARKET REPORT
      885 47 THIS twice weekly report, compiled by C'ockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The C'ockett Bunker Price Index change and
      885 words
    • Article
      DAILY FREIGHTS
      2282 47 A GOOD rate of grain freight fixing was again the order of the day but at a reduced volume when compared with recent standards. brokers said on lucsday. The Baltic Freight Index rose another nine points to fix at 1.299. Evidence of continued chartering from the east coast
      2,282 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      612 47 Carbon Carbon Apr! 14 Density Water Residue Mi AUrwmm Se<fcnent Density Water Residue Ash Akmriun Sedment '<MM M II Exxon E«on KG M*3 V V 'MM c M M PPM method KG M*3 V, V 'MM 'MM PPM method ISO/Cinac Limits Spec E25 991 10 150
      612 words
    • Article, Illustration
      Lock icon Boom time for Chinese-built boxes
      667 48  -  China has ousted South Korea as the biggest manufaeturer of eontainer equipment in the world, reports Clive Woodbridge. Meanwhile, Stephen Thomas focuses on the increasing use of containers to smuggle goods Stephen Thomas Clive Woodbridge Seatrade Review THERE HAS BEEN a dramatic change within the
      Seatrade Review  -  667 words
    • Article
      TRANSPORT DIARY
      626 48 COURSES Title: PSA/SFFA Dangerous Goods Course (SDF 70%) Duration: Apr 22 May 20 Organiser: Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at 253-7550 or fax: 253-2303. l itle: Project Management Duration: Apr 28-29 Organiser: Alberton Management Centre Tel: For more information contact 336-2611 or
      626 words
    • Article
      Lock icon Security watch
      427 48 Seatrade Review SECURITY implications for thousands of containers dotted around the globe are. not surprisingly, difficult to enforce comprehensively. Naturally they are deemed useful tools for smugglers, illegally plying their trade in items ranging from drugs, pornography and weaponry for terrorism. Drug trafficking using containers is causing increasing
      Seatrade Review  -  427 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Chrysler's quarterly earnings up 77pc as sales soar
        581 50 NYT DETROIT The Chrysler Corp on Tuesday said it earned record quarterly profits on record revenues in the first quarter as sales of pickups, mini-vans and sport utility vehicles soared. Narrowly exceeding the expectations of increasingly bullish auto industry analysts. Chrysler's earnings
        NYT  -  581 words
      • Article
        Lock icon Manila signs deal for airport terminal
        266 50 AFP MANILA The Philippines has signed a contract for the construction of a 320 million peso (SSIB million) international and domestic airport terminal, and a private consortium is seeking foreign financing for a second one. officials said yesterday. Foreign consultants Aeroports de Paris and
        AFP  -  266 words
      • Article
        Lock icon Ford to announce strategies to improve efficiency
        458 50 Reuter DEIROI r Kurd Motor Co plan* to announce several major initiatives today designed to improve the company's global efficiency. lord spokeswoman Judith Muhlberg said the announcements \Nould follow the completion of a major Ford management briefing in Toronto yesterday involving the company's
        Reuter  -  458 words
      • LOG BOOK
        • Article
          Lock icon Thailand's air ultimatum to US
          135 50 Bernama-Xinhua BANGKOK In recent talks with the United States. Thailand has presented a "take it or leave it" axiation proposal, says Thai Transport and Communications Permanent Secretary Mahidol Chandarangkura. He said that Thailand proposed the number of US airplanes Hying to the country he limited
          Bernama-Xinhua  -  135 words
        • Article
          Lock icon Sipani producing Rover cars
          76 50 Reuter BANGALORE India's Sipani Automobiles has started producing Rover Group's Montego cars under a tie-up with the Britishbased manufacturer. Sipani managing director PK Sipani said the first cars were launched on Monday from the production line at Hosur. near the southern city of Bangalore. Rover, controlled
          Reuter  -  76 words
        • Article
          Lock icon Aussie vehicle registrations fall 9.4pc
          123 50 Bloomberg Business News CANBERRA New vehicle registrations in March fell a seasonally adjusted 9.4 per cent from February defying predictions of a rise. The decline followed a 3.5 per cent rise in February and a 6.3 per cent rise in January Analysts expected yesterday's data
          Bloomberg Business News  -  123 words
        • Article
          Lock icon GE in chopper engine tie-up
          92 50 Bloomberg Business News LYNN. Massachusetts General Electric Co's GE Aircraft Engines unit. Italy's Alfa Romeo Avio and Fiat Avio said on Tuesday they have launched the development of the T7OO/T6E helicopter engine. The engine is being developed for the European NH9O helicopter, commissioned by the
          Bloomberg Business News  -  92 words
        • Article
          Lock icon Justice Dept approves car joint venture
          66 50 Bloomberg Business News WASHING I ON The Justice Department on Tuesday allowed eight small firms that transport automobiles by truck to form a joint venture to market their services to customers. The new group would allow the firms to offer customers more extensive services
          Bloomberg Business News  -  66 words
      • Article
        Lock icon S&P raises credit rating of US car makers
        429 50 Bloomberg Business News NEW YORK Standard Poor's Corp said on Tuesday it raised the rating on Chrysler Corp's debt and revised the outlook for General Motors Corp's credit rating to positive from negative amid marked improvement in US auto sales. S&P also
        Bloomberg Business News  -  429 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1409 50 City FUM ETA Fight ETB_ Ate Dhabi GF146 1120 Gf 147 1850 GA985 1435 Adelaid« QF81 1925 QF82 2055 SQ228 1955 Amsterdam KL843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1255 KL837 1450 Athens SQ347 1725 Auckland SQ286 2040 BA11 1505 SQ288 2045 B Seri
        1,409 words
      • Article
        Lock icon Northrop names transition team for Grumman
        220 50 Bloomberg Business News LOS ANGELES Northrop Corp said on Tuesday it appointed three executives to manage the integration of Grumman Corp. which it is buying for USS2.I7 billion (553.4 billion). James Roche, Northrop corporate vice-president, and Jacob Bussolini Jr, Grumman senior vice-president, will cochair
        Bloomberg Business News  -  220 words
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      8 31 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times
      8 words
    • Advertisement
      Page 31 Advertisements Column 2
      23 31 Lines and services represented kj /^S^\ Members ef Ike Registry el Accredited [*MgW] H p^lWhM,! fa advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      23 words
    • Advertisement
      Page 31 Advertisements Column 3
      44 31 THE FAMOUS bmk/pmak ■!MIII.'U M 1833 For more information please refer to Pg. 13 Box boom in China, Page 18 Chrysler posts record earnings, Back Page TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. SINCAPORK Business Times WE KNO* ASIA
      44 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      455 32 TSKUNE AGENCIES (S) PTE. LTD. rI 1 17 V TmTTTI Tel: 226-3363 i 9 3tl\t IJ r\l rl Y"® w Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I SPORTS TO HOHGXOHG. MAMU. TAIWAN t IAPAH "TWICE WEEKLY" ~l WTBO>M) TOT rm PEW *T I SM MW
      455 words
    • Advertisement
      Page 32 Advertisements Column 2
      1690 32 pwtcT to um wrr coArr <»c»-«ro— cmjcthm uimii to ra«t ■mnMWMi mat oohtm— mm I KtMti USB U m m 81 SBL_ wmbtm* QIC m mco cm *nm irm mmett« nans- btnw mm—»M arlfmr m- una- mm im PACIFIC ARROW V 0238 CALI HJPIUR Y72 264 1« 5 It 5
      1,690 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      2555 33 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. TEL: *****13 FAX *****42 PETALING JAYA TEL 03-*****76 FAX 03-*****42 DOCUMENTATION TEL: *****55 |INWARD)/*****90 (OUTWARD) PENANG TEL. *****4 FAX *****1 CFS TEL: *****6 BOOKINGS TEL *****80 *****81/ *****82 Ip OH TEL: *****3/4 FAX *****6 CUSTOMER SVC TEL *****92/*****91/*****93
      2,555 words
    • Advertisement
      Page 33 Advertisements Column 2
      2591 33 ■HEBSBaaza VOSTOCHNY/NAKHODKA/VLADIVOSTOK MAERSK KOBE V.9408 ETA SIN 25TH APRIL 1994 MC-KINNEY MS. 9404 ETA SIN 26TH APRIL 1994 Vessel Voy ETA ETD Feedered by S Laurel Leerorf it* ETA ET* DESTINATIONS Th» wee* mc kinnEt maersk V 9404 26 o« oeoo has ■■■■■MaMMaHvaaiiMiii CFS 25/04 2359 MRS JOM LPK PEN
      2,591 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      1745 34 AQABA R DAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S'TON H BURG A WERP HAVRE WEST MALAYSIA _KAI 07 315 23/4 2/5 9 5 11/5 14/5 16/5 16/5 Port Kelang p e nang .*<. LA SEINE 35/116 27/4 14/5 17/5 15/5 Pasir Gudang HOECHST EXPRESS
      1,745 words
    • Advertisement
      Page 34 Advertisements Column 2
      698 34 »zi AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Ooqharun) C.1.5./RUSSIA: V stochny, Vladivostok. Moscow. I Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Europa V 2114 26/4 23/5 Ned Hongkong V 2124 03/5
      698 words
    • Advertisement
      Page 34 Advertisements Column 3
      1203 34 I NORASIA I^sHVOY^^^^^^SSIN^AUSBC^^VA^^HaB^BR^^RO^^AN^^FE^^^E/^ NORASIA PEARL 9015 3 21/04 11/05 14/05 15/05 16/05 17/05 18/05 19/05 20/05 20/05 I NORASIA PRINCESS 9416 3 27/04 18/05 21/05 22/05 23/05 24/05 25/05 26/05 27/05 27/05 SEA MACEDONIA 417W 05/05 25/05 28/05 29/05 30/05 31/05 01/06 02/06 03/06 03/06 I NORASIA AL KRJWIA/AH 9418-3
      1,203 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      1359 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 P&& new guinea pacific line jaPEp (A SERVICE OF CHINA NAVIGATION CO) CARGO DU SAILS MEMJH Vost Muara.KK.Skan.Tiw 20 21 Ap» In Pt 23 Apr FCL, LCL CONTAINER ANO BREAK BULK SERVICE
      1,359 words
    • Advertisement
      Page 35 Advertisements Column 2
      3053 35 SINGAPORE AGENT: iJXffl I AntO<nAf*C P»0 Containers (Singapore Agencies) Pte Ltd fW JL tfvV 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 \ln\ Tel: 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 W sr* CR Number: **********0Z EXPORT IMPORT VESSEL VOV 'PNG 'PKQ SIN SOU AMT ROT
      3,053 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      564 36 i§Ri EKA JAYA AGENCIES TEL: *****22 LINES) FAX: *****05 SALES REPRESENTATIVES M CHARGE pWCWIMMPTY »AMW [MAIMWIQWByPWaCT ■MUMi tMMa MAWOJ aiUM IBMM MwMgrtMMT CENTERJPCMNT ma m n> s-w wt In> kmc 11/2 jlq an _u& HI MOT 21M UiU at MM ■übub W-JUM mi-j»m MS JVM an »1« "nn Itvn Ib/b
      564 words
    • Advertisement
      Page 36 Advertisements Column 2
      1381 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSL SM IIVC HAUL SLA TV* PCX FDR VS. SM |Uf HAUL SAV U8 NVC HMUN HONGKONG 0441 24/4 OKCT 14/5 15/5 lt/5 HMM HONGKONG 0441 24/4 M. PROGRESS 032E 2/1 3/1 S/C HARM SEATTLE
      1,381 words
    • Advertisement
      Page 36 Advertisements Column 3
      1397 36 I fW IU WC Hit PUS WT 05* NET W TTO LAI 06 Ml RYC lift MR MM TIT MS fM CM m W I l cam «mj n/« n v/t nt ns 3/5 4/s 5 5 «/s 7/5 11/$ 31/5 2/s i/i 12/1 u/« w/i ii/i is/i svi tn
      1,397 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      2579 37 Iy/ II 'NEPTUNE AMAZONITE 8W ETA SGP 25/04/94 II Hgß II ETA RDM 11/05/94 FLX 12/05/94, BRE 14/05/94 II H II *R2 Connecting CalHornla Jupiter Voy 72E In HKG 30/04/94 HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC —US OULF MIDWEST USEC CANADA I VESSEL VOY &£p LOS
      2,579 words
    • Advertisement
      Page 37 Advertisements Column 2
      1276 37 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
      1,276 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Page 38 Advertisements Column 1
      1477 38 44 H AS AGENTS: *1" LMI (SINGAPORE) PTC LTD (01 NO: *****73NMM/GST REG NO: M2-W1739M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 MALAYSIA "I" LK MAUTMI (MALAYSIA) SON INO B W+M TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SAHARA LAUT IRTCRRUSA, TEL: JKT
      1,477 words
    • Advertisement
      Page 38 Advertisements Column 2
      1090 38 ®APPENSHIP (Q\] HAMBURG IT\J~ CONVENTIONAL ft INDEPENDENT LINER BERVICE EUROPE TO SOUTH EAST ASIA ANO FAR EAST KSSELS 10A0MG PORTS DISCHARGE/10A0MG FOR SUMMER HAM 30/04 SPORE 27/04. BKK LORE LEY HAM 23/03 ANT 28/03 SPORE 14/05 BKK. LAEM PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 02/06 KOALA
      1,090 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Page 39 Advertisements Column 1
      954 39 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I CR NO **********0E I VESSEL VOY SIN CMS JIB JED AQJ ADE HOD PZU ASA KOTA WIRAWAN WRNO4I 2/5 7/5 13/5 15/5 It/5 24/5 29/5 1/« HOT A BERANI BRNOO3 11/5 16/5 22/5 26/5 29/5 24/5
      954 words
    • Advertisement
      Page 39 Advertisements Column 2
      894 39 vtssas vot sw u mm hahbung thauks bottehoam antwew HWM CABMEN NO3W 30/04 22/05 24/06 25/05 26/05 21/05 Will PC CAKHA CO3W 05/05 2* 05 21/05 23/05 30/05 01/Oi OTUE DC S>CI!I» SO3W 10 05 01/06 03/06 04/06 05/06 07/06 vmi d*qu»a Mm _01 06 IQ/ot 11/06 12/06 uTot 'Also
      894 words
    • Advertisement
      Page 39 Advertisements Column 3
      578 39 BSfl J. %HnjT MYANMA lUi FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIi Pen P.Gdf MANDALAY V44W IN PT 23/2SApr PAGAN V2O9W 22/23 Apt MP* AN V2O2W 28/30 Apr MALAYSIA AGENTS BOUSTEAO SUPPING AGENCKS KUI TU 03 *****00 PHI TEL 03 *****67 PEN TEL 04
      578 words
Page thumbnail Page 40
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      44 41 W ASIAPAC V "At your service, anywhere and anytime" VINCENT INTERTRANS LINKING THE WORLD TOGETHER HONG KONG CHINA AX/eiA KOREA MALAYSIA V JAPAN THAILAND PH| UPPINES EUROPE —T SINGAPORE CANADA INDIA— INDONESIA """C~Nv AUSTRALIA j MEXICO NEW ZEALAND ARGENTINA ASIAPAC FREIGHT EXPRESS PTE LTD
      44 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      984 42 [?(`_,)/\^&@}"|,~/%+:)={\]*<{", /fHICROATIA LINE^\ Iksa < EX JUGOUNIJA) I VESSEL SPOKE PK PNG IQOOWG FOR LOSJNJ 09 MAY 11 MAY Ale»andria. Aqaba. Beirut. Istanbul. Trieste. Koper, Lattakia. Limassol. Mersin. P Said. Ri|eka Venice SIOVENIJA 25 MAY 28 MAY do General Agents: EAST MOUNT AGENCY (PTE) LTD Sinfapore Kuala Lumpur Port K
      984 words
    • Advertisement
      Page 42 Advertisements Column 2
      179 42 /4 t NORBULI^ I NORBULK CARGO SERVICES LTO. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES I I^^^^^^^SPPK LOMNNGFOR I MLAGRO 28/4 30/4 FLU/ANT/UK I ADAMASIOS 3/5 Sated FLU/ ANT NAN/UK I ISP PK LOADMG FOR I NORBULK TBN 2S/4 DBN/EL I ALSO LOADS TG MANI AND KK I
      179 words
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Page 43 Advertisements Column 1
      635 43 fj£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 24/4 ROTTERDAM 24/4 MRHUS/COPENHAGEN 24/4 HAMBURG/BREMEN 24/4 MARSER.LE/FRMICE 26/4 FELIXSTOKKE/UK 24/4 BARCELONA/SPAIN 25/4 LEHAVRE/FRANCE 24/4 GENOA/ITALY 25/4 ANTWERP/BELGIUM 25/4 LOS ANGELES/WC/PI 24/4 SYDNEY/MELBOURNE 23/4 NEW YORK/EC 24/4 FREMANTLE/AOELACE 22/4 VANCOUVER 27/4
      635 words
    • Advertisement
      Page 43 Advertisements Column 2
      940 43 VESSEL VOV SIN JKT 1 I OIUSHU- ~T" Fri 22/4 VESSEL VOV SIN PEN B| [VESSEL VOV SIN IKK BHATRA SHUM 2M Sal 23/4 Tim a/4 1 PgJA 2V±_ s«» 23/4_ M VWA SHUM 15N Fri 22/4 "mow 2S/4 WAN* BHUM 2258 Tut 20/4 Sal 30/4 1 THAWA El! Sun
      940 words
    • Advertisement
      Page 43 Advertisements Column 3
      667 43 NATIONAL express 1 FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX: *****58 EAST/WEST MEDITERRANEAN LCL COMSOL via BARCELONA to:LISBON*PORTO*LEIXOES*CASABLANCA*ZARAGOZA*VALENCIA*BEIRUT*LIMASSOL*' PALMAS*TENERIFE*MADRID*ORAN* BILBAO*SFAX*SOUSSE_AND OTHER MAJOR MEDITERRANEAN DESTINATIONS. ALL MAJOR SPANISH COASTAL/INLAND DESTINATIONS. WEEKLY CONSOLIDATION/SUPER RATES!!! HOTLINE: *****86 (8 LINES) pi DONGNAMA LINE
      667 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      1701 44 BANGKOK (e£) 23e4667 P.KELANG: (08) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HK6/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 22/4 23/4 24/4 Hong Kong Genoa/Barcelona 3/4 4/4 5/4 24/4 25/4 26/4 Hong Kong Ldn/FIK/Rdm/Ant/Lhv/Ham 30/4 1/5 2/5 26/4 27/4 28/4 Hong Kong G'burg/C'hagen/S'holm/Oslo 24/4 25/4 26/4 Piraeus
      1,701 words
    • Advertisement
      Page 44 Advertisements Column 2
      216 44 I SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (I* ETA ll* sratf rati HUANG PIMM aut JACK 22 4 load.p< tor RUVM HUDHU 28 4 Dtsiharginj and l o<tdir< tor Bombay DOinW JO 4 21 4 loading For MilPKXKER SUPVt Ml 30 4 28 4 loadin* fcw UMWiOH utm
      216 words
    • Advertisement
      Page 44 Advertisements Column 3
      1117 44 0 THONG SOON UNES PTE LTD 1 I 7S shenton way #10-01, Singapore 0207 I I \y TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** lENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL HOT S'POtE PEST VESSEL IvOY |S'PQ«£ IttST EQUATOR ROYAL 100/4E 23 APR KUCHING
      1,117 words
Page thumbnail Page 45
Page thumbnail Page 46
  • Page 46 Advertisements
Page thumbnail Page 47
  • Page 47 Advertisements
Page thumbnail Page 48
  • Page 48 Advertisements
    • Advertisement
      Page 48 Advertisements Column 1
      539 48 VESSEL VOYAGE SINGAPORE MANILA J VIGOUR PACIFIC 9417N 22/04 (FRI) 30/04 (SAT) VIGOUR PACIFIC 9417 AN 25/04 (MOW) 30/04 (SAT) VIGOUR LUZON 9418N 29/04 (FRI) 07/05 (SAT) FRDAT AND MOND Y VIGOUR LUZON 9418 AN 02/05 (MOW) 07/05 (SAT) 1 SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SIWGAPORE I GENERAL
      539 words
  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      684 48 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1.4 1.4 1.5 1.7 2.0 2.2 2.3 2.4 2.3 2.0 1.7 1.3 1.1 0.9 0.8 0.8 1.0 1.3 1.7
      684 words
Page thumbnail Page 49
  • Page 49 Advertisements
    • Advertisement
      Page 49 Advertisements Column 1
      816 49 4 HYUNDAI! MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 fHA* IKE* PCD* VESSELS VOY SIW RTM AWT* L£H* HAM BREj FEI 20/04 22/04 23/04 H. FRONTIER 310W 25/04 13/05 14/05 16/05 14/05 14/05 17/05 27/04 29/04 30/04 SI FREEDOM 310W 02/05 20/05 21/05 23/05 21/05 21/05 24/05 04/05
      816 words
    • Advertisement
      Page 49 Advertisements Column 2
      490 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS Kssu m 5 n mc u KOUSMUN V 39 27/4 2t( PUDIS PROTON »J IB FT 22 4 SHI MCOT4 V9l 21/4 21/4 KIUI MRU 13 7/5 l/S OUTBOUND VESSELS LOADING FOR TOKYO COSMIC LEADER V 44 SP t/S
      490 words
    • Advertisement
      Page 49 Advertisements Column 3
      1027 49 <RgL VOY SW ETA/P LAX OAK CHI DAL MEM/COL "HOU NYC NOR ALLIGATOR VICTORY 52A 28-29/04 15/05 17/05 H/05 19/05 19/05 20/05 20/05 21/05 MACKWAC BRPGE 76A 05-06/05 22/05 24/05 25/05 26/05 26/05 27/05 27/05 2S/05 ALLIGATOR TRAMPH 54A 12-13/05 29/05 31/05 01/06 02/06 02/06 03/06 03/06 04/06 GEORGE NASHNGTON
      1,027 words
Page thumbnail Page 50
  • Page 50 Advertisements
    • Advertisement
      Page 50 Advertisements Column 1
      71 50 Tomorrow in Business Times f ASIAWESTBQUNDRATEAGREEMENT j Rate Restoration AWRA The AWRA Lines at their meeting on 14 April, 1994, announced, taking into account the increasing cargo Hows and corresponding pressure on capacity, the intention to institute a rate restoration programme of US$lOO per TEU and US$l75 per FEU with
      71 words
    • Advertisement
      Page 50 Advertisements Column 2
      0 50 .*`>%!`,~}~*'(+*)^@/%^`-^\^|)?,
      0 words