The Business Times, 26 May 1994

Microfilm: NL19381
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 010/12/93 Thursday May 26 1994 Wi; KHOW ASIA 75*
    12 words
  • 2am LATEST
    • Article
      Dow unchanged
      49 1 NEW YORK Blue chip stocks yesterday fell in reaction to a rise in long-term interest rates but then recovered. At Ipm EDT, turnover on the New York Stock Exchange added up to 142 million shares. At 2pm EDT, the Dow Jones industrial average was unchanged at 3.745.17.
      49 words
    • Article
      Lock icon US Treasury sells 5-year notes at 6.78pc
      51 1 Bloomberg Business News WASHINGTON The US Treasury yesterday sold USS 11.007 billion of five-year notes at a yield of 6.78 per cent, the highest rate in more than two years. The rate was 18 basis points above last month's yield of 6.60 per
      Bloomberg Business News  -  51 words
  • Article
    MARKET SUMMARY
    158 1 Stock market indices Wednesday Change STII closed KLSE Comp closed Nikkei 20,663.63 +41.51 Hang Seng 9,521.37 +31.26 SET Index 1,348.8 +10.21 Jakarta Comp closed CLSA China B ...1,040.65 14.91 Aust All Ord 2,105.9 -26.5 FTSE 100 3,020.7 -68.4 Wednesday Previous 2 pm close Dow Jones 3,745.17 3,745.17 Average
    158 words
  • Article
    Lock icon Fed chief rejects calls to tighten supervision of derivatives market
    482 1 Bloomberg Business News WASHINGTON Federal Reserve chairman Alan Greenspan. saying derivatives pose no "significant problems" for banks, yesterday rejected calls for new laws that would tighten federal supervision of the US$l4 trillion (5521.4 trillion) market. Derivatives, often complex financial instruments
    Bloomberg Business News  -  482 words
  • Article
    SPH takes 35pc stake in new Thai business daily
    423 1  -  From Loh Hui Yin in BANGKOK SINGAPORE Press Holdings has taken a 35 per cent stake in a soon-to-be launched English business daily, the first such newspaper in Thailand. Thai parties, including the blue-chip Crown Property Bureau, the royal family's investment
    423 words
  • Article
    S'pore's integrity attracts investors: PM Goh
    395 1  -  By Chuang Peck Ming SINGAPORE The Singapore government does not go to the extent of listening in on personal conversations in trying to maintain law and order, Prime Minister Goh Chok Tong said in a recent interview with the Asian Wall Street Journal. To
    395 words
  • Article
    Lock icon Indon coffee exporters default as prices soar
    117 1 Reuter SINGAPORE Some Indonesian coffee exporters have defaulted on their cargoes to take advantage of boom prices, and Singapore traders say further commitments arc risky in view of the "dangerous market" situation. "There arc defaults here and there." said a senior offieial at
    Reuter  -  117 words
  • Article, Illustration
    Lock icon Gatt chief warns of regional pressures acting against free trade
    524 1  -  From Ho Kay Tat in KUALA LUMPUR GATT director-general Peter Sutherland yesterday cautioned against any illusion that the successful conclusion of the Uruguay Round of world trade talks had "heralded a definitive victory of multilateralism over protectionism" in world trade.
    Reuter  -  524 words
  • Article
    Lock icon Beijing imposes fresh price controls on 34 staples
    295 1 AFP. AP BEIJING The Beijing authorities yesterday announced fresh price controls on 34 staple commodities following widespread complaints from residents over illegal price hikes. "This action aims at putting prices of these commodities and services within the level residents can stand," the
    AFP.; AP  -  295 words
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      90 1 ■JUIUJIIWWWW>II| iHI i ll'l'l'fl A CONTENTS News Companies South-east Asa 2 Spore Wsia 6.8 Reponai News 3.4 Financial 11.12 World News 5 Features Markets Analysis 21 fe®o<wl 13 Editorial 20 World 14 Sports 15 Currencies 11 IV/Utestyle 17 Sanex/Comam .11.12 CortojateFoajs_^o^_^^^^^^^^^ Subscription Tel 1800 /*****/ Fax Z4448/5 BT Newsdesk Tel
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      9 1 Law: Pg 19 Where have all the lawyers gone?
      9 words
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      Page 1 Advertisements Column 3
      16 1 Hock lx)ck Siew: Pg 6 f/j Wear tie's turnaround story to corutivue Corporate Focus. Pg 10
      16 words
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      14 1 US support for industry: Just a technology policy, not an industrial one? Page 21
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      Page 1 Advertisements Column 5
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  • SOUTH-EAST ASIA
    • ASIA NOTES
      • Article, Illustration
        Lock icon Floods wreak havoc in Davao
        90 2 AFP, Reuter DAVAO, Philippines At least one person was killed and nearly 2,000 people fled their homes in this southern city due to floods caused by a tropical depression, rescue officials said yesterday. A 19-year-old youth was killed and an elderly resident was also reported
        AFP,; Reuter  -  90 words
      • Article
        Lock icon Dumping, high costs hurt Viet paper
        98 2 AFP HANOI Foreign dumping and rising costs arc threatening Vietnam's paper industry and its 35,000 workers as a rising number of mills are forced to close, a report said yesterday. Countries in Eastern Europe and the former Soviet Union have been selling increasing amounts
        AFP  -  98 words
      • Article
        Lock icon Officials get set for Indon-M'sia talks
        90 2 AP KUALA LUMPUR Indonesian officials arrived here yesterday to prepare for talks between Foreign Ministers Ali Alatas of Indonesia and Abdullah Ahmad Badawi of Malaysia. The foreign ministers are to confer on Saturday. Before that, an Indonesian delegation headed by Izhar Ibrahim, the Foreign
        AP  -  90 words
    • Article, Illustration
      Thai exports to Indochina and Eastern Europe soar
      504 2  -  From Alan Boyd in BANGKOK EASTERN EUROPE and Indochina have become Thailand's fastest-growing trading partners, as regional economic alliances force exporters to explore new markets. Export sales to the former Soviet bloc soared by 224.2 per cent in the first quarter of
      504 words
    • Article
      Indon MPs voice concern over increase in religious intellectual associations
      346 2  -  From Maggie Ford in JAKARTA INDONESIAN parliamentarians have added their criticism to growing concern over the potential effects of a recent mushrooming of religious intellectual associations. In the background are signs of a political rift in the Cabinet between BJ
      346 words
    • Article, Illustration
      Lock icon UK offers M'sia trade package in bid to end boycott
      372 2 Reuter KUALA LUMPUR Britain has offered Malaysia's government a long-term trade package to try to end its boycott of British businesses. Malaysian Prime Minister Mahathir Mohamad said yesterday. The national news agency Bernama quoted Dr Mahathir as saying that British
      Reuter  -  372 words
    • Article
      Lock icon Mahathir flags change to internal security law
      300 2 Reuter, AFP KUALA LUMPUR Malaysia's controversial internal security law will be amended but not repealed. Prime Minister Mahathir Mohamad said yesterday. Changes in the Internal Security Act (ISA), inherited from Britain following independence in 1957, would be made to suit the current peaceful
      Reuter,; AFP  -  300 words
    • Article
      Pacific Basin business group seeks A pec observer status
      237 2  -  From Ho Kay Tat in KUALA LUMPUR THE 17-member Pacific Basin Economic Council (PBEC), whose members are top Asia-Pacific corporations, will apply for observer status at the Asia-Pacific Economic Cooperation forum to provide private sector input into the grouping. Its new
      237 words
    • Article
      Lock icon Jakarta to prosecute firms accused of abusing labour laws
      154 2 Reuter JAKARTA Indonesia's manpower ministry plans to take 30 companies operating in Jakarta and other areas of West Java to court for labour law violations, the official Antara news agency said. "We will send documents to the police. We do not
      Reuter  -  154 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Beijing warned it may lose foreign investment if returns capped
      420 3 Reuter HONGKONG China will risk losing the foreign investment it needs to build power stations if it curbs rates of return too much. The Hongkong head of US investment bank Salomon Brothers, Thomas Jasper, yesterday said investors could turn to
      Reuter  -  420 words
    • Article
      Lock icon Group plans China cinema chain
      317 3 Reuter LOS ANGELES Americanstyle multi-screen movie theatres, complete with popcorn, candy and arcade games, will be appearing soon in Chinese cities under a joint venture between two US companies and Chinese investors. The joint venture announced on Tuesday will invest about US$lOO million (Ssls4 million)
      Reuter  -  317 words
    • Article
      Lock icon Protests will block development, warns Taipei minister
      267 3 AFP TAIPEI Taiwan's economics minister yesterday warned against further protests that he said have already blocked progress on major construction projects, afTected domestic investment and hampered economic development here. "Various kinds of public protests have made it difficult for new, important projects to
      AFP  -  267 words
    • Article, Illustration
      Lock icon Making way for the new
      54 3 Reuter BEIJING A workman demolishing the wall of a small dwelling here yesterday. Many alleys and low courtyard houses dating back hundreds of years are being pulled down to make way for modern high-rise accommodation for Beijing residents. In the background is a palace inside
      Reuter  -  54 words
    • CHINA WATCH
      • Article
        Lock icon Russian PM visits Beijing
        101 3 AFP BEIJING Russian Prime Minister Viktor Chernomyrdin arrives here today for an official visit likely to focus on overcoming bilateral trade problems and expanding economic cooperation, diplomats said yesterday. Mr Chernomyrdin, who is on his maiden visit to China, is the first Russian prime minister to
        AFP  -  101 words
      • Article
        Lock icon China completes study on tunnel project
        69 3 AFP HONGKONG China has completed a preliminary study on building a 55 nautical-mile-long bridge-tunnel that would run from the north-eastern city of Lushun (Port Arthur) across the Bohai sea to Penglai. The bridge-tunnel would run north and south, dividing the Bohai sea from the
        AFP  -  69 words
      • Article
        Lock icon China's tourism industry grows 13pc
        84 3 UPI BEIJING Chinese officials said yesterday that tourists numbered 40 million in the last eight years posting the highest annual growth rate in the world. Official statistics from the state tourism administration showed that the annual growth rate reached 13 per cent while annual tourism
        UPI  -  84 words
      • Article
        Lock icon Beijing imposes price controls again
        66 3 Knight-Ridder HONGKONG China's Beijing city has reinstated price controls on 34 major commodities in another sign that urban inflation is rapidly growing out of control, the official China Daily newspaper reported yesterday. "This action aims to put prices of these commodities and services within a
        Knight-Ridder  -  66 words
    • Article
      Lock icon Aircon war reaches fever pitch
      412 3 Reuter SHANGHAI As the weather heats up in China's biggest city, so does the war among air conditioner companies, with shops yesterday reporting brisk sales in local and imported models to increasingly affluent residents. Traders estimate about 15 per cent of Shanghai's three million homes
      Reuter  -  412 words
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  • REST OF ASIA
    • Article
      Lock icon Dip in Aussie investment puts growth forecasts in doubt
      530 4 Bloomberg Business News, Knight-Ridder CANBERRA Australian corporate investment fell 5 per cent in the three months to March 31, raising doubts about the government's optimistic growth forecasts. Economists were expecting a rise of about 3 per cent in investment in the
      Bloomberg Business News,; Knight-Ridder  -  530 words
    • Article
      Lock icon Downer surges ahead of PM in Aussie poll
      296 4 Reuter CANBERRA Alexander Downer, the new leader of Australia's conservative opposition party, has surged ahead of Prime Minister Paul Keating as the country's preferred head of government, an opinion poll published yesterday shows. The Herald Saulwick poll in the Sydney Morning Herald
      Reuter  -  296 words
    • Article
      Lock icon Japanese consumer spending tipped to have fallen in March
      260 4 Knight-Ridder TOKYO Japan's average real consumer spending by all types of households in March is expected to be down 0.2 per cent from a year earlier, according to a survey of economists here conducted by Knight-Ridder Financial News. Spending in February
      Knight-Ridder  -  260 words
    • Article
      Lock icon Sumitomo joins TCI in multi-channel Japan cable system
      250 4 AP TOKYO Sumitomo Corp, a major Japanese trading company, and Telecommunications Inc of the Lmffed States plan to launch cable television venture in Japan expected to dramatically increase the number of subscribers, a Sumitomo official said yesterday. It will be Japan's first
      AP  -  250 words
    • Article
      Lock icon India halts work on nuke projects after collapse of reactor dome
      274 4 AFP NEW DELHI Indian authorities have halted the construction of two nuclear power projects after a suspected design flaw caused the collapse of a reactor dome at the Kaiga plant in the southern state of Karnataka. A Gopalakrishnan, chief
      AFP  -  274 words
    • Article, Illustration
      Lock icon Standing by Japan's words
      68 4 Reuter TOKYO Shiro Ito of the Ministry of International Trade and Industry standing by one of the ministry's two imported Buicks outside the Tokyo ministry. The cars were bought in 1993, after the US had pressed Japan to buy more of its products. Japan and the
      Reuter  -  68 words
    • Article
      Lock icon Hata optimistic on trade talks outcome as US names new sectors for opening
      455 4 AP, Knight-Ridder. Bloomberg Business News TOKYO Prime Minister Tsutomu Hata welcomed an agreement to resume stalled Ja-pan-United States trade talks, saying he was confident the two nations would iron out remaining differences. "Not only Japan, but the
      AP,; Knight-Ridder.; Bloomberg Business News  -  455 words
    • Article
      Lock icon Japanese opposition calls for new polls system
      319 4 AFP. Knight-Ridder TOKYO A senior leader of New Party Sakigake said yesterday the next general election must be contested under a new electoral system so as to elicit the trust of the people correctly, Kyodo news service reported. "We firmly believe in the
      AFP.; Knight-Ridder  -  319 words
    • Article, Illustration
      Lock icon Echidna home after 29 years
      53 4 Reuter SYDNEY Sheila, the world's oldest captive echidna, after returning to Australia yesterday, having left 29 years ago to live at London Zoo. Sheila, 30, is one of only four of the ant-eating spiny-coated mammals in captivity, all of which are at the Taronga Zoo
      Reuter  -  53 words
    • Article
      Lock icon Bangladesh to sell off 14 state firms in June
      230 4 KnightRidder DHAKA Bangladesh will begin offering 14 state enterprises for privatisation next month. Ten jute mills, three textile manufacturing units and a silkmaking enterprise will be offered for sale through auction and the stock market. They are among the 43 public
      Knight- Ridder  -  230 words
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      112 words
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      Page 4 Advertisements Column 2
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      104 words
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      Page 4 Advertisements Column 3
      9 4 When people want fast results they call C.A.T.S. 737-1166
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  • THE WORLD
    • Article
      Lock icon Gore floats joint development plan linking US, Caribbean, Latin America
      413 5 AP WASHINGTON The Clinton administration is promoting the idea of a hemispherewide "action plan" to confront trade, development and environmental issues, Vice-Presi-dent Al Gore says. Sustaining democracy and promoting anti-corruption also are regional themes that will be stressed at an
      AP  -  413 words
    • Article
      Lock icon France hopes to cut payroll, income taxes next year: minister
      251 5 Reuter PARIS France aims to cut both payroll and income taxes next year if revenues permit. Budget Minister Nicolas Sarkozy said yesterday. Mr Sarkozy, who is also the government spokesman, told a news conference after the weekly Cabinet meeting that
      Reuter  -  251 words
    • Article, Illustration
      Lock icon Christopher under fire over trade sanctions against China
      409 5 NYT WASHINGTON Secretary of State Warren Christopher came under fire on Tuesday both by lawmakers who oppose sanctions against China over its human rights record and those who favour tough measures to pressure Beijing. In a visit to Capitol Hill, Mr Christopher
      NYT  -  409 words
    • Article, Illustration
      Lock icon Camelot beats 7 groups for right to run UK's national lottery
      289 5 Bloomberg Business News LONDON A consortium that includes food giant Cadbury Schweppes pic yesterday won the right to run the UK's first national lottery since 1826. Camelot Group pic beat seven other consortia for the right to operate weekly
      Bloomberg Business News; Reuter  -  289 words
    • Article
      Lock icon Perilous Portuguese and dating Danes
      302 5 AFP BRUSSELS Danes marry latest, Portuguese drivers are the worst and women live longest in France. These were a few of the discoveries to be gleaned from EU statistics published on Tuesday. The Eurostat bureau's small but informative leaflet provides a useful insight into the
      AFP  -  302 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      95 5 T(#«i 2* i mBTI r No ONE CONNECTS EUROPE LIKE AIR FRANCE. THE BETTER WAY TO EXPERIENCE EUROPE. No other airline can take you to more European destinations from Paris than Air France. Five times a week, we fly you non-stop from Singapore to Paris. And then connect you to
      95 words
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  • COMPANIES & MARKETS
    • Article
      Liang Huat Aluminium to list on main board early next month
      334 6  -  By Shiv Taneja SINGAPORE Locally based aluminium cladding contractor Liang Huat Aluminium has received in-principle approval for a main board listing on the Stock Exchange of Singapore. Sources said the initial public offering is slated for early next month,
      334 words
    • Article
      Lock icon Kemayan to develop Sepang Intl Golf & Country Home Resort
      275 6 Kemayan to develop Sepang Intl Golf Country Home Resort MBT KUALA LUMPUR Kemayan Oil Palm Bhd will be developing the new 250-acre Sepang international Golf and Country Home Resort with the recent acquisition of the entire shareholdings of Vision Lead Sdn Bhd (VLSB), the developer of the project. The Sepang
      MBT  -  275 words
    • Article, Illustration
      Lock icon Cash secures better terms for asset acquisition
      215 6 Bernama KUALA LUMPUR Construction and Supplies House Bhd (Cash) has secured better terms for its massive acquisition of assets from Indonesian tycoon Prajogo Pangestu. in reducing the purchase price by MS2OO million to MS7OO million (SS4I3 million). However, the profit guaranteed by the
      Bernama  -  215 words
    • Article
      Lock icon Former KL police head takes active role in corporate world
      161 6 MBT KUALA LUMPUR Former inspector-general of police Hanif Omar is taking an active role in the corporate world, having joined the boards of several listed and private companies. Just months after his retirement in January this year, Mr Hanif, 55,
      MBT  -  161 words
    • Article
      Lock icon Sriwani sees fruitful year
      99 6 MBT KUALA LUMPUR With Visit Malaysia Year 1994 (VMY94) in full swing, Sriwani Holdings Bhd, a diversified tourism services group, is expecting a fruitful year ahead. VMY94 is expected to offer opportunities for the group to exploit the growing shift of tourist arrivals in the region.
      MBT  -  99 words
    • Article
      Lock icon Call to speed up establishment of common clearing house in KL
      362 6 Bernama KUALA LUMPUR The Securities Commission (SC) has called on the Klofle Capital Sdn Bhd and the Kuala Lumpur Futures Market Sdn Bhd (KLFM) to speed up the establishment of a common clearing house for trading in financial futures.
      Bernama  -  362 words
    • Article
      Lock icon IGB Corp seeks more business opportunities in Vietnam, China
      300 6 Bernama KUALA LUMPUR IGB Corporation Bhd is seeking more business opportunities in Vietnam and China, especially in the hospitality and property development industry. Managing director Tan Boon Seng, in the company's 1993 annual report released on Monday, said IGB stood to
      Bernama  -  300 words
    • Article
      Lock icon Pacific Bank optimistic of further growth in banking business
      328 6 MBT KUALA LUMPUR Pacific Bank Bhd is optimistic of further growth in the banking business this year, says its chairman. Choi Siew Hong, in the company's 1993 annual report. "We hope to capitalise on business opportunities and improve on last year's
      MBT  -  328 words
    • Article
      Wearne's turnaround story to continue
      934 6  -  HOCK LOCK SIEW By Catherine Ong SINGAPORE When stock market estimates of a company's earnings vary dramatically, it may mean one of two things or both: some analysts are not doing their homework, or the company's management is less than forthcoming about its business prospects
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    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon China Pharmaceutical to raise HK$200m
          103 8 Bloomberg Business News HONGKONG China Pharmaceutical Enterprises plans to raise HKS2OO million (5539.7 million) through an initial public offering of shares in June, Hongkong's Economic Times reported. The medicine manufacturer, which is 83 per cent-owned by Shijiazhuang Pharmaceutical Factory No I, is planning to expand
          Bloomberg Business News  -  103 words
        • Article
          Lock icon Shinawatra 1st qtr profits up 158pc
          114 8 Bloomberg Business News BANGKOK Shinawatra Computer Communications pic, a Thai telecommunications company, said first-quarter profits rose 158 per cent to 713 million baht (5543.7 million) on what a stock analyst said was a one-time gain from a stock sale. Earnings per share rose to
          Bloomberg Business News  -  114 words
        • Article
          Lock icon Drop in Courtaulds pre-tax profit
          105 8 Knight-Ridder London UK chemical firm Courtaulds saw pre-tax profit, after exceptional items, of £121.6 million (***** million) in the year ended March 1994, down from a restated £186.2 million a year earlier. Sales in continuing operations were largely flat at £1.952 billion,'and operating profit before
          Knight-Ridder  -  105 words
        • Article
          Lock icon Carlsberg interim results rise 5.3pc
          92 8 Bloomberg Business News COPENHAGEN Carlsberg AS, the Danish brewery group, said pre-tax profit in the six months to March 31 totalled 731 million kroner (S$ 175 million), an increase of 5.3 per cent. Sales increased 8.5 per cent to 7.87 billion kroner from 7.26 billion.
          Bloomberg Business News  -  92 words
        • Article
          Lock icon NEC to decide about higher stake
          106 8 Bloomberg Business News PARIS NEC Corp of Japan is planning to decide by the end of this year whether to increase its stake in French computer maker Cie des Machines Bull SA, Bull chairman Jean-Marie Descarpentries said in a newspaper interview. International Business Machines
          Bloomberg Business News  -  106 words
        • Article
          Lock icon Canon plans to set up new HK unit
          104 8 AFP TOKYO Japanese camera and office equipment manufacturer Canon Inc plans to set up a new subsidiary in Hongkong next year to procure machinery and other parts from Asian countries, a spokesman said yesterday. The spokesman said the new company would establish
          AFP  -  104 words
      • Article
        Lock icon Carter Holt's profit up 34pc on higher timber prices
        333 8 Bloomberg Business News AUCKLAND New Zea-land-based forester Carter Holt Harvey Ltd, which is 24.5 per cent owned by International Paper Co of New York, lifted full-year net profit 34 per cent, on improved timber prices and the recovery in the local
        Bloomberg Business News  -  333 words
      • Article
        Otis is first lift company to tie up with Viet state-run firm
        391 8  -  From Ven Sreenivasan in HANOI AMERICAN lift giant, Otis, yesterday signed a joint venture agreement with the staterun Union of Erection Companies (Lilima) of Vietnam. The joint venture company, Otis Lilima, in which the US company has an
        391 words
      • Article, Illustration
        KL city centre construction in full swing
        133 8  -  -By Ho Kay Tat KUALA LUMPUR Work on Kuala Lumpur's city centre project is in full swing at the sprawling 38 ha site of the former turf club. The Mss billion (552.9 billion) Kuala Lumpur City Centre project is being built in stages
        133 words
      • Article
        Lock icon Argyll Group's 13pc profit fall blamed on UK retail competition
        433 8 Bloomberg Business News LONDON Argyll Group pic, a UK food retailer that operates the Safeway supermarket chain, said its full-year pre-tax profit fell 13.2 per cent because of a main street shopping price war. Argyll posted a pre-tax profit of
        Bloomberg Business News  -  433 words
      • Article
        Untitled
        1359 8 Payment Ex Books Pay (H) date close date ABR Hldgs y F 9 Jun 29 Jul S Jul IS Acma F 10 Jun 14 Jun 20 Jul S Boustead SO* I 8.5 Apr 22 May 7 Jun 6 B Raya F S May 24 Jun 8 Jul 7 Cathay Pac
        1,359 words
      • Article
        Untitled
        524 8 M—g»»' mkm (S) May 26 US Gr Fund 1.01 105** Singapore Unit Trust UMB *8* Ltd The Commerce 1.69 l.79xd !'Ji n<i The Savings Fund 1.56 165 H"!*??. c 2o S pore Prog Fund 0 71 075 H n '!f2 c 2 7.1 Spore See Fund 105 I II United
        524 words
      • Article
        Lock icon Commission revises Lion's reorganisation plan
        115 8 Bernama KUALA LUMPUR The proposed reorganisation exercise by the Lion group has been approved by the Securities Commission on revised terms and the company accepts them, D C Sakura Merchant Bankers Bhd said. In a statement, it said the commission had approved the subscription of
        Bernama  -  115 words
    • CORPORATE FOCUS
      • Article
        Thai firm that's worth a king's ransom
        643 10  -  SPH investment in Bangkok Reports from Loh Hui Yin in BANGKOK IT IS considered the bluest of the blue-chip companies with investments cutting through a wide swathe of the Thai economy. As the country's largest investor, it boasts of impeccable connections and is
        643 words
      • Article
        TPP founder not afraid to take on media heavyweights
        347 10 THAI Premier Publishing I PP) group is a brash new kid on the block in the eyes of Thaksin Shinawatra, founder of the Shinawatra telecommunications group. Headed by Chatchai Yenbam roong. a former senior executive of Shinawatra. the TPP group put
        347 words
      • Article, Illustration
        Mr Condom appointed chairman of Business Day
        518 10 MENTION the family planning programme in Thailand and the name Mechai Viravaidya immediately comes to mind. Or more likely, it is his nickname. Mr Condom. Yesterday. Mr Mechai made headlines of another kind he became chairmandesignate of Business Day Co Ltd. the company
        518 words
    • FINANCE & COMMODITIES
      • Article
        Wholesaler IMM to issue $50m in fixed rate bonds
        402 11  -  By Shiv Taneja SINGAPORE The republic's largest wholesale and distribution centre, International Merchandise Mart Ltd, is to issue $50 million of serial fixed rate bonds. The deal was signed last week, and according to Schroders International Merchant Bankers, the arranger and
        402 words
      • Article, Illustration
        Lock icon Living with an oil embargo
        68 11 Reuter PORT-AU-PRINCE, Haiti Residents of Port-au-Prince filling the tank of their van on Tuesday after buying fuel from others who trucked it in from the border with the Dominican Republic. The fuel is bought in drums and resold in gallons by Haitian retailers to motorists.
        Reuter  -  68 words
      • Article
        Lock icon Russia affects oil prices more than Opec
        480 11 Reuter LONDON As Opec abdicates a role as oil's "swing producer", trying to adjust production to determine prices, Russia involuntarily stumbles forward. Traders said on Tuesday that events in Russia and their possible effect on its oil exports now tended to have more
        Reuter  -  480 words
      • Article
        Lock icon ANZ poised for expansion after A$363m profit
        354 11 Reuter MELBOURNE Australia and New Zealand Banking Group (ANZ) announced a strong rise in half-year profit and a readiness for expansion yesterday as its bad debt problems continued to recede. ANZ, the last of Australia's Big Four banks to report its interim results,
        Reuter  -  354 words
      • Article
        Falling demand for gold in 1st qtr belies higher prices
        351 11  -  From Neil Behrmann in LONDON LONDON Demand for gold jewellery, bars and coins tumbled in the first quarter as consumers resisted higher prices. Statistics of the World Gold Council show that both developed and developing markets' quarterly demand for gold
        351 words
      • Article
        Lock icon Merrill Lynch sees profits in corporate, mortgage bonds
        173 11 Knight -Ridder NLW YORK Economists at Merrill Lynch predicted US bond markets will be rangebound for the next month, and suggested investors could profit by reducing exposure in Treasuries and increasing their investments in corporate and mortgage-backed bonds. In the firm's Fixed
        Knight -Ridder  -  173 words
      • Article
        Lock icon Native son Taiwan's new central banker
        293 11 Reuter TAIPEI A seasoned commercial banker and a member of the kitchen cabinet of Taiwan's President Lee Teng-hui was named the island's new central bank governor yesterday. Liang Kuo-shu, 63, a trusted economic adviser to Mr Lee, is the first native Taiwanese to become
        Reuter  -  293 words
      • Article
        Lock icon London
        183 11 Bloomberg Business News LONDON The dollar tumbled one pfennig against the deutsche mark yesterday as falling European and US stocks and bonds sent investors to the perceived safe-haven of deutsche mark cash. The markets were roiled in part by comments from Bundesbank council member Reimut Jochimsen about the need
        Bloomberg Business News  -  183 words
      • Article
        Oil futures prices seesaw around Tuesday's close
        157 11 Bloomberg ENERGY REPORT LONDON Crude oil futures prices fluctuated around Tuesday's settlement levels yesterday after a mixed US inventory report from the American Petroleum Institute. Prices seesawed as traders alternately focused on a 3.9 million-barrel increase in crude stockpiles and a 2.9 millionbarrel
        157 words
      • Article
        Lock icon New York
        88 11 AKP NEW YORK The dollar was down against other major currencies in early trading on Wall Street yesterday after the release of disappointing US economic indicators. The greenback had been boosted Tuesday when Japanese and US officials reached agreement to resume their stalled trade talks. At 1340 GMT.
        AKP  -  88 words
      • Article, Illustration
        Untitled
        1727 11 half u t ifhltil indr < < ilk liM il«uf «>r V/Mr'i /< iiaJmt 8u« nui /W US$/S$ forward rates Noon May 24 s$ 1-month 1 5357 IV372 2-month 1-5355 I 5370 Vmonth I 5351 I 53M. ♦v-month I 5340 I 5360 Stnmr OC HC' Source: OCBC FOREIGN CURRENCY NOTE
        1,727 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar steady ahead of US news
        1331 12 ohviba <w«vn Reuter SINGAPORE Simex Eurodollar futures closed steady after trading in a tight range yesterday. Dealers said the market was watching for the outcome of a US Treasury auction later yesterday and also economic data for more signs of inflation. Sentiment was a
        Reuter  -  1,331 words
      • Article
        HK gold closes slightly easier
        633 12 COMMODITY REPORTS Gold HONGKONG: Gold closed slightly easier from New York's lower closing level after a day of very quiet and narrow-range trading yesterday, dealers said. "There's a lack of trading interest which kept trade hemmed within a 70 US cent range for the whole
        633 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Higher soyoil stocks expected
          112 12 CHICAGO The Census Bureau monthly soybean crush report for April, to be released 0700 CDT, is likely to show higher soyoil stocks as the crush stays at a high level and exports falter. Despite lower soybean supplies, the crush is running only a whisker below the
          112 words
        • Article
          S Korea's tender for 4,306-tonne beef
          123 12 SYDNEY South Korea's Livestock Products Marketing Organisation has announced a tender for 4.306 tonnes of frozen beef, to be awarded next Tuesday. The Australian Meat and Livestock Corporation said yesterday that 2,986 tonnes were allocated for grain fed boneless beef, 720 tonnes for grassfed
          123 words
        • Article
          Mitsui lifts domestic zinc price
          43 12 TOKYO Japan's Mitsui Mining and Smelting Co said it raised its domestic sales price of refined zinc by 3.000 yen per tonne to 143.000 yen. effective yesterday. Mitsui is the recognised price leader for Japan's domestic zinc market.
          43 words
        • Article
          Altai buys Peru copper deposit
          60 12 WINNIPEG Altai Resources Inc of Toronto has acquired the Manto Azul copper deposit in Peru and plans to bring the project into production by late-1994. Altai president Niyazi Kacira said on Tuesday. Altai acquired the property from a private Peruvian company which was without the
          60 words
    • Article
      COMMODITY PRICES
      1465 12 May 24 Physical Prices Buyers Sellers As at 12 neen (S cents/kg) KSS 2 June 94 150.00 151.00N RSS 3 June 94 149.00 150.00N RSS 4 June 94 144.00 145.00N RSS 5 June 94 141 00 I42.00N No I ADS 180 50 I82.50N Thin Pale Crepe Inl IX
      1,465 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1159 13 -26.5 THE Australian share market closed sharply lower as local confidence took a battering amid weakness in the gold, banking and resource sectors. The All Ordinaries Index closed down 26.5 points, or 1.24 per cent, at 2,105.9. Brokers said the banking sector plunged nearly 3.0 per cent, while the
        1,159 words
      • Article
        Manila
        642 13 -22.77 l he Philippine stock market underwent further correction yesterday despite favourable developments such as oil strikes and high international metal prices, analysts said here. The Philippine Stock Exchange composite index fell by 22.77 points, or 0.78 per cent, to hit 2,879.21 points, compared to the 2,901.98 points posted
        642 words
      • Article
        Taipei
        625 13 +6.06 Taiwan share prices closed slightly higher in a weak rebound after seven straight sessions of falls, despite bullish news that the government has agreed to gradually raise the ceiling of foreign equity investment funds up to USS2O billion from current US$7.5 billion, brokers said. The index ended up
        625 words
      • Article
        Seoul
        405 13 -1.97 Stocks closed an uneventful day lower after a session ot narrowrange trading with small and medium-capitalised shares consolidating. brokers said. The composite stock index shed 1.97 points to 943.92. off a day high of 949.74. Losers led gainers by 456 to 301. Brokers said rotational buying continued in
        405 words
      • Article
        New Zealand
        309 13 -1.04 New Zealand share prices closed mixed with the barometer NZSE-40 index little changed in a day dominated by the market's second largest stock. Carter Holt Harvey. Ihe market is likely to tread water, possibly waiting for next month's budget and monetary policy statement before making its next
        309 words
    • WORLD STOCK MARKETS
      • Article
        London
        681 13 -68.4 STOCKS tumbled yesterday amid concern German interest rates won't be cut as deeply or as fast as people had expected, sending the KT-SE 100 Index of leading UK stocks to its lowest level for eight months. Government bonds and the dollar tumbled as investors sought the safe-haven of
        681 words
      • Article
        Paris
        118 13 -48.91 French stocks dived amid intensifying concern that interest rate cuts by the German and French central banks will taper off. The CAC 40 Index of blue-chip stocks fell 48.91 points to 2.084.41. Euro Disney led the fall with a 14.5 per cent plunge. Several financial stocks tell hard
        118 words
      • Article
        Stockholm
        146 13 •10.08 Swedish shares closed lower after concerns that German inflation will prevent further European rate cuts caused a surge in moneymarket interest rates. The OVIX Index of 30 leading stocks fell 10.08 points to 1,153.04, with 25 stocks falling and five rising. Trading totalled 9.2 million shares, about two
        146 words
      • Article
        Frankfurt
        182 13 -21.48 German stocks sank for the second consecutive day as sentiment grew that there will be no further cuts in German interest rates soon. The DAX index of 30 key German stocks fell 21.48 points in after-hours trading to 2,137.29 points. This left the index 50.44 points, or 2.35
        182 words
      • Article
        Brussels
        177 13 -23.32 Belgian stocks dropped as rising bond yields threatened to slow economic recovery and made stocks expensive relative to bonds. The Bel-20 Index of stocks fell 23.32 points, or 1.5 per cent, to 1,509.25. The yield on the benchmark 10-year government bond rose to 7.64 per cent, its highest
        177 words
      • Article
        Milan
        124 13 -315 Italian shares plunged as concern that German interest rates have reached bottom rocked stock and bond markets across Europe. The Milan market's blue-chip Mibtel Index closed down 315 points, or 2.6 per cent, at 11.874. Traders said the decline in Italian stocks was accentuated by talk that senior
        124 words
      • Article
        Amsterdam
        246 13 -4.79 Dutch stocks closed lower, dragged down by a falling dollar and renewed concerns about rising interest rates in Europe. Publisher Elsevier NV, ABN Amro Bank NV and Philips Electronics NV led the market lower. KI.VI Royal Dutch Airlines bucked the trend and closed higher. The Amsterdam EOE Index
        246 words
      • Article
        Zurich
        243 13 -18.9 Swiss stocks fell as interest rate worries roiled European markets. The Swiss Market Index of 21 stocks lost 18.9 points to 2,673.1 points, with 17 stocks falling and four ris- ing. Most large stocks fell, including the registered shares ol Nestle SA. which lost 7 francs to 1,113
        243 words
      • Article
        Johannesburg
        285 13 +22 South African shares drifted lower on mostly soft sentiment yesterday as the market reacted to a softer gold price and to nervousness about world equity markets. The overall index ended off 32 points to 5,486, industrial index up 22 to 6,655 and gold index off 44 points to
        285 words
      • Article
        Toronto
        305 13 -23.41 Toronto stocks continued to fall at midday yesterday as weakness in bond markets spilled over into equities, dealers said. The TSE 300 composite index fell 23.41 points to 4.263.57 on volume of 18.03 million shares valued at CS2OB million. Declining stocks outpaced advances 316 to 201. with 293
        305 words
      • Article
        New York
        716 13 +2.76 Blue chip stocks were lower at midday yesterday, reacting to a rise in long-term interest rates and awaiting word on a possible spinoff of the tobacco business at Philip Morris Cos. At 1 pm EDT. the Dow Jones Industrial Average was off 13.20 points at 3.731.97. In
        716 words
      • Article
        Untitled
        743 13 Britannia Funds Sterling C»*h Bid Offer Mini jp DcpomI <1* MOO 3lt *500 Mini Jcrsev (iilt 0 IIW3 0 l*N2 Mini Ma* Income 0 "»*00 I0000 I SS ash Income Plus fund 10 0'Oil 10MOO PS Ro*r\< Fund <2500 5 >00 sterling Kquit> Fuio PnturnuiHY O O WW Fjr FJM
        743 words
    • Article, Illustration
      Lock icon HONGKONG
      3078 14 Bloomberg Business News HONGKONG Stocks rose yesterday on anticipation that the United States will soon announce its decision to renew China's most-favoured-na-tion (MFN) trading status. The market was also boosted by expectations that China and Britain will resolve their dispute on financing the new USS2O billion Hongkong airport. "We
      Bloomberg Business News; Source: Bridge Info  -  3,078 words
    • Article, Illustration
      Lock icon CHINA
      476 14 CLSA THE CLSA Shanghai B Index's 2.3 per cent rise yesterday more than recouped Tuesday's loss. Foreign investors were back in the market and said to be net buyers. However, the buying was more selective, with turnover falling to US$4.7 million. Jin Jiang Tower and Pilkington Glass were the
      CLSA  -  476 words
    • Article, Illustration
      Lock icon TOKYO
      2579 14 Bloomberg Business News TOKYO Stocks rose for a sixth straight day on optimism surrounding better-than-expected corporate earnings and the resumption of US-Japan trade talks, traders said. "We're all looking at corporate earnings," said Marc Haladjian, a futures and options trader at Credit Lyonnais. "The results for fiscal '93 are
      Bloomberg Business News; Source: Bridge Info  -  2,579 words
    • Article, Illustration
      Lock icon BANGKOK
      1715 14 Bloomberg Business News BANGKOK Stocks rose for the eighth straight day on the back of robust First-quar-ter results, analysts said. Earnings for listed securities companies rose 93 per cent in the first three months of this year. Of the seven communications stocks, five saw profits rise by at least
      Bloomberg Business News; Source: Bridge Info  -  1,715 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      136 6 f i I i f jr v wii Artist Alex Katz in front of his painting. "Eileen". His technique-refined. His style-modern. His watch contemporary. The Delirium* from Concord. CONCORD. THE CONCORD OELWUM® STAINLESS STttL WITH ROMAN NUMERALS REF *****17 V 2613/60 AUTHORISED DEALERS: Asia Watch (Parkway Parade), Chew Cheong Watch
      136 words
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      237 7 II I m >J 1 lias*. ,^iwotm JBBI k JP SOLE AGENT SERVICE CENTRE: W*E* L L I *I*\l E SINGAPORE PTE LTD 391 Orchard Road #23-04 Tower B. Ngee Ann City, Singapore 0923. Tel: *****11 Showroom: #01-20, Ngee Ann City, Tel: *****77. Exclusive Authorised Dealers For Series 6000 All
      237 words
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      111 8 Uu/kme. A sumptuous experience. Introducing our new a la cartc menu. With dishes exquisitely prepared and served in elegant surroundings. W<? 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 leeling
      111 words
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      Page 8 Advertisements Column 2
      274 8 Used Machinery For Sale Bucket Elevators, 200 MTPH Grains 36.5 meters height 2 sets 59.5 meters height 5 sets 11.5 meters height 3 sets Chain Conveyors, 200 MTPH Grains 137 meters length, 510 mm wide X 340 mm height. 240 HP -1 set 69 meters length, 460 mm wide X
      274 words
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      248 9 \wjd wsJKKKmSWi^^^^B ki imvMt] tiai in m >n la i iiaaa iiKii iiiKillilii^Bff^f With the opening of its new international subsidiaiy in Singapore, Europe's No. 1 telecommunications company is now playing its full part in bringing the dynamic economies of SE Asia and the market economies of Europe even closer
      248 words
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      400 10 nn THE UNIVERSITY OF HULL England 1927 mm "OVER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" ■gfl "ONE OF THE MOST ESTABLISHED IN SINGAPORE" I MBA S First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of the HMMHa 1990s First to offer
      400 words
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      Page 10 Advertisements Column 2
      58 10 ETbeStiaitsHmes ven if you are Businessta j^ in Taiwan, we can still bring you few our latest news. Baa«a I We are now in Taiwan Grand Hotel Brother Hotel Lai Lai Sheraton d&S&M Magnolia Hotel Wgp Taipei Hilton Hotel £Sim South Asia Publications (Taiwan) j 3/F, No. 726, Wen Lin
      58 words
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  • Page 12 Advertisements
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      28 12 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. 737-1166
      28 words
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      Page 12 Advertisements Column 2
      27 12 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ■U the mo* 1 Wr current feopportunitl*
      27 words
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      Page 13 Advertisements Column 1
      112 13 The modern office must be able to meet its present and ABAK BY B&B ITALIA. I 1 I I I I 1 future corporate needs. It must have the capability to manage ~~~~space with partitioning that can be adjusted vertically and rjpjj- -pi 0 I r ZOnta B lou t
      112 words
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      Page 14 Advertisements Column 1
      172 14 Convenient, Natural Looking "Grow" New Hairs With Nido Good news for the balding. Using Nido Hair System which employs the revolutionary non-surgical hair f implant method, new hairs can be added onto a balding area with the most natural looking results. Remarkably, the improvement is immediate and it would appear
      172 words
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  • SPORTS
    • Article, Illustration
      Lock icon Davies boosts women's European golf tour
      580 15 Golf AP SETUBAL, Portugal As the world's top-earning woman golfer Laura Davies added to her riehes in a tournament on Sunday in the United States, 90 of her European eolleagues barely managed to complete an obscure, rain-shortened 36-hole tournament in Portugal for a paltry
      AP  -  580 words
    • Article
      Lock icon Pacers just need a little time
      613 15 1994 NBA playoffs NYT NEW YORK The Indiana Pacers had jumped all over the Knicks, up by 8-0 at the start and clicking towards an early rout, when all of a sudden the Pacers on Tuesday began playing like what they are: first-time entrants
      NYT  -  613 words
    • Article, Illustration
      Lock icon This one didn't get away
      41 15 Reuter KANSAS CITY, Missouri Kansas City Royals' shortstop Greg Cagne jumping and stretching for a grounder off the bat of Texas Rangers' David Hulse in sixth inning action on Tuesday. Royals lost the game 0-2. Reuter
      Reuter  -  41 words
    • SPORT SHORTS
      • Article, Illustration
        Baseball
        67 15 NfcW YORK Major I<cague Tuesdav National: Florida I Montreal II; Pittsburgh 2 NY 4; Atlanta 0 Houston 8: St Louis 0 Philadelphia 4; Colorado 11 Cincinnati 7; LA 0 Chicago 2; San Diego 6 SF 3. American: Boston 3 Cleveland 5; Detroit 5 California 8; NY 6 Toronto 1;
        67 words
      • Article, Illustration
        Lock icon Boxing
        85 15 AP INGLKWOOD, alifornia Riddick Bowc's comcback definitely is on track. The former heavyweight champion will tight l-arrv Donald on July 15 at Hollywood Park. "The Mane Event" was announced on Tuesday, although Bowe already is set to fight Buster Mathis Jr on June II at Caesars Palace in Las
        AP  -  85 words
      • Article, Illustration
        Lock icon Cricket
        139 15 AFP TAUNTON, England Somerset skipper Andy Hay hurst branded Brian Lara's latest heroics as a "farce" here on Tuesday. The Trinidadian left-hander braved awful weather to smash his fifth century in a row on Monday to clinch a Warwickshire county championship victory over Somerset. But Hayhurst said: "I.ara played
        AFP  -  139 words
      • Article, Illustration
        Ice hockey
        20 15 \K\N YORK Stanlcv Cup Lastern Conference finals lucsdav: Vancouver 4 Toronto 3 (OT2) (Vancouver wins best-of-scvcn series 4-1).
        20 words
      • Article, Illustration
        Lock icon Motor-racing
        61 15 AFP KVRY, France French and Italian police visited the Renault Sports offices at Virv-Chatillon. I> sonc on Tuesday as part of an investigation into the death ol Brazilian driver Avrton Senna. They took away certain information from the "black box" on Senna's Renault-Williams ear which they hope will throw
        AFP  -  61 words
      • Article, Illustration
        Lock icon Rugby
        61 15 Reuter CANBERRA Ireland suffered another embarrassing setback in their preparations for next month's test encounters with Australia when they lost 22-9 in a tour match against the provincial side ACr yesterday. Three days after a crushing 55-18 loss against New South Wales, the tourists failed to register a try
        Reuter  -  61 words
      • Article, Illustration
        Lock icon Tennis
        337 15 AP. Reuter PARIS Selected results singles Ist rd Men: Michacl Stich (Cicr) b Rcn/o I urlan (Ita> 6-1 7-5 6-4. Ilenrik Holm (Swe) b Stefan Fdbcrg (Swe) 7-5 7-6 6-7 6-7 6-4: Sergi Brugucra (Spa) b Martin Damm (C/ech) 6-1 6-1 7-6: Jim Courier (IJS> b Jean-Philippe Flcurian (Ira)nce.
        AP.; Reuter  -  337 words
    • Article, Illustration
      Lock icon Lead seeds Edberg, Sabatini crash out
      713 15 French Open But top seeds Sampras. Graf safely into the third round AFP. Reuter PARIS Big names keep crashing. One day after Martina Navratilova's shock exit. Stefan Edberg. Ivan Lendl. Petr Korda. Gabriela Sabatini and Jana Novotna were all ousted on Tuesday in the
      AFP.; Reuter; AFP  -  713 words
    • Article
      At what age can a girl join the pro tour?
      242 15  -  From Michael Karem The writer is a London-based writer who contributed this article to Business Times in PARIS SHOCKED by the drama over Jennifer Capriati, the Women's Tennis Council (WTC) is taking a new and deep look at the question
      242 words
  • Page 15 Advertisements
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      553 15 BUSINESS TIMES TOLL-FREE TEL. No 1-SOO-741-1883 FAX 741-1296 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF GAIN AUTO CO. (PTE.) LTD. (Incorporated in the Republic of Singapore! (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN That the creditors of the abovenamed Company which
      553 words
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      Page 15 Advertisements Column 2
      310 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ANO IN THE MATTER OF ROH INDUSTRIES SINGAPORE PTE LTD (IN LIQUIDATION) Extract ot the Minutes of the Extraordinary General Meeting ot the Company held on the 18th day ot May. 1994:"SPECIAL RESOLUTION" That the Company be wound up voluntarily pursuant
      310 words
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      Page 15 Advertisements Column 3
      343 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 VINSON SUPPLY FAR EAST (PTE) LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on the 20th day of May 1994 the following resolutions were duly passed: 1 SPECIAL RESOLUTION WINDING UP That the
      343 words
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      728 16 iii Nothing Beats A Bud. Ml JOKING OF Hg\ J» jjS| Sze Chuan and Cantonese iSI !sij In May, feast on a special selection of jicij traditional favourites and mouthwater jjSjj ISI i n 9 delicacies in our Sze Chuan Cantonese Buffet that will surely keep you coming back for
      728 words
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      Page 16 Advertisements Column 2
      376 16 WHERE TO WINE, DINE AND ENTERTAIN eka- abai t Why not make your next corporate function a mix of business and pleasure? Hold it at our corporate room in Singsation. Singapore's first theme karaoke loungeatthe Plaza Hotel. < i (J <?r>Tf V Plaza Hotel 111 It tftltttl- *"'mw'WM ?wn B
      376 words
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      Page 16 Advertisements Column 3
      323 16 F fancy 'Beijing? Then, we're delighted to suggest the "Pine Court for a memorable dining experience. Our lunch menu offers a variety of dian %in 'Beijing dumplings, a selection flUjTly of set menus, and 'Beijing specialities such as 'Beijing 'Bailed Tench and HSWCMQ Marinated Lamb. Jancy some nou>? R^AIRAY? I
      323 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Heath historian hits jackpot
      415 17  -  John Campbell's Edward Heath A Biography has confounded bookmakers by winning Britain's richest literary award." Caroline Brothers reports Caroline Brothers Reuter An unauthorised biography of former British Conservative prime minister Sir Edward Heath won Britain's richest literary award on Tuesday confounding bookmakers who tipped another work
      Reuter  -  415 words
    • Article
      Lock icon Sharon flushes out a handy sanctuary
      454 17 toUHnawbux AP AP AP AP AP AMERICAN actress Sharon Stone had to flee to a VIP washroom to avoid hundreds of photographers and reporters who mobbed Athens airport. The star of the film Basic Instinct who arrived in Greece for a modelling job hurried
      AP  -  454 words
    • Article, Illustration
      Lock icon French siren Kaas gives Hanoi its first taste of rock
      355 17 AFP HANOI has had its first taste of live Western rock but it could be the last for a while after French siren Patricia Kaas whipped up the sort of youthful exuberance that horrifies Vietnam's straitlaced authorities. Kaas, known as
      AFP  -  355 words
    • Article
      Lock icon America ignoring world tourism market, foreign tour operators say
      314 17 Reuter THB United States has failed to market itself as a tourist destination, allowing Hollywood movies and sensational crime reports to shape the world's perception of America, foreign tour operators said on Tuesday. Without exception, violence is the greatest concern among
      Reuter  -  314 words
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      46 17 An Unbeatable V^ue! Enjoy an assortment of fresh Sushi and California Roll accompanied with Seafood Teapot Soup and Japanese pickles. Also includes a complimentary Bud Light/Bud Dry. SWMBOi mm* 1 M /AV* > f ~P/r*tr\2iw t**MSf dfSMUMNI t'l U? HaotUfck Ram) Support Oil« 7W. 7U«« 712/ OH
      46 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      1213 17 New Portrait of James Galway, Often hailed as greatest flautists around, James k Galway once astounded the VS[' vr'% classical purists by including A pop music into his repertoire. ::f But now, he is more eager to PPs£t "jßff wBw* perfect his art. Complete with -< v jS' J -\4
      1,213 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article, Illustration
        New charger for Motorola phone
        94 18 SINGAPORE Rockford Technology is marketing a battery charger (above) that it says will recharge the battery of a Motorola cellular telephone in just 30 to 40 minutes. The Zmartcharger also automatically conditions the battery for optimal performance while it charges. It does this by removing
        94 words
      • Article
        S'pore to be IC design training centre
        43 18 SINGAPORE Singapore Polytechnic has just been made the region's authorised training centre for Cadence Design System's tools for designing integrated circuits (ICs). Under the agreement, polytechnic staff will be trained at Cadence's centre in the US.
        43 words
      • Article
        Lock icon China develops super strawberry
        77 18 UPI BEIJING China has developed a strawberry variety that grows as big as a chicken egg. The No 2 Shimei strawberry weighs in at 98 grammes, experts from Hebci Academy of Agricultural and Forestry Sciences told the official Xinhua news agency yesterday. The strawberry is said
        UPI  -  77 words
      • Article
        Lock icon Safety tag for electric goods in China
        76 18 AP BEIJING From September, ail electric products sold in China will have to bear a safety inspection sticker, the China Daily said last Friday. A quality-control group will inspect all electric goods, with unspecified "serious punishment" awaiting any manufacturer that fails to comply.
        AP  -  76 words
    • Article
      Getting East and West to meet in S'pore factories
      645 18  -  Claire Leow finds out how Sisir helps firms customise their products for local automation Claire Leow CAN A hot dog machine produce good lup cheung (Chinese sausages)? Can a pancake mixer deliver good flour mix for popiah (spring roll) skin? Can
      645 words
    • Article, Illustration
      Lock icon Microscopic man-eaters
      81 18 Reuter LONDON A streptococcus group A bacteria culture in a research laboratory at the University College Hospital on Tuesday. This micro-organism is similar to a strain that devours human flesh and has killed at least seven people in Britain. It exists naturally in 10 per cent of people,
      Reuter  -  81 words
    • Article
      Lock icon From the petri dish to the dining table
      776 18 US scientists are urging stiffer controls as genetic engineering becomes more important in food research NYT NOW THAT a genetically altered tomato and a genetically engineered cow hormone have each won US federal approval after years of scrutiny, other new products are
      NYT  -  776 words
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      26 18 Darling, I il wonder jB what the Club Med s weekend cruise to Tioman. Only for 4 weekends until July 3rd. trend-setters are doing this weekend?
      26 words
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      Page 18 Advertisements Column 2
      122 18 ALCAN AUSTRALIA LTD USD 175,000,000 Transferable Loan Certificate Facility Agreement Dated 23rd December, 1991 In accordance with clause 14 of the Terms and Conditions of the Transferable Loan Certificates (the "TLCs") notice is hereby that the rate of interest in respect of an issue of USD 25.000,000 of TLCs issued
      122 words
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      Page 18 Advertisements Column 3
      54 18 Shark's Fin k Peking Duck Special at J* with Bean Noodles Seafood Shark's Fin in Brown Sauce Barbequed Peking Duck 1 Red Fish with Soya Bean Crumbs Duck Meat with fi Vegetable Prawnswith Dried Water Melon with M °?£ZZZI MAPLE LEAF Restaurant 390 Victoria Street #01-01/08. Golden Landmark Shopping Centre
      54 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Where have all the lawyers gone?
      908 19 In Japan, most of the advocates and solicitors are concentrated in Tokyo and Osaka, leaving the countryside lawyer-less much of the time NYT IN JAPAN, lawyers work in one of the best paid and most socially respected professions. The high esteem in which they
      NYT  -  908 words
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      255 19 IN THE HEART OF BOOMING SOUTHBANK -ugfe#* 1 ill lill^^E^^^i^ByK THE PROJECT MANY MELBOURNE RESIDENTS HAVE BEEN WAITING FOR, WITH UNPRECEDENTED RESORT-STYLE FACILITIES NEVER BEFORE SEEN IN A CITY PROJECT choice of 2 or 3 FROM JUST BEDROOM LUXURY i||A AAA GARDEN TOWNHOUSES, t]|/Q flflfl OR SUPERB TOWER 1 cuscaden
      255 words
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      Page 19 Advertisements Column 2
      183 19 A Champion's Time. A Sincere Reward. HB^! BZm&k Jjf£\ M 7T *****.789. The Royal Oak Championship Edition in tantalum and steel. Dedicated to the sporting exploits of Nick Faldo. Extra-flat quartz movement, water-resistant to a depth ofsatm. E'ljflfijfe,. 1 For a champion 1 ike Nick Faldo, no timepiece Watchmakers. And
      183 words
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  • Article
    A more sustainable ringgit policy
    565 20 FINANCIAL markets have good reason to take comfort from the recent announcement by Malaysia's Deputy Prime Minister and Finance Minister Anwar Ibrahim that the Malaysian central bank. Bank Negara, will no longer try to keep the ringgit at unrealistically low levels. The low-ringgit policy that
    565 words
  • WHAT THE OTHERS SAY
    • Article
      Yeltsin down but not out
      206 20 IN SPITE OF frenzied moves on the Russian stage, and persistent talk of coups, it would be premature to think of writing President Boris Yeltsin's political obituary just yet. Spiralling inflation, rampant crime, militant chauvinism and political intriguing, to say nothing of his own absolutist
      206 words
    • Article
      Stick to the Cairo Agreement
      189 20 THERE ARE people who oppose the Cairo Agreement both on the Israeli side as well as the Palestinian. Some of them have not only sown doubts about the agreement, but have tried to undermine it. Fortunately, the leaders on both sides are aware that for
      189 words
    • Article
      Build up the part-time workforce
      186 20 THE Ministry of Labour has for years been thinking of introducing employment guidelines for part-time workers. Such guidelines on pay, leave and other benefits will eventually be included in the Employment Act. Statistics for 1992 show that only 3.2 per cent of Singapore's workers were
      186 words
    • Article
      The grass is greener at home
      120 20 THE FALL in the numbers joining the brain drain to Canada, Australia and other once-favoured destinations will be taken in some quarters as evidence that confidence is returning and that fear of oppression after 1997 has begun to subside. That might be wishful thinking.
      120 words
    • Article
      Cut out the hypocrisy
      115 20 IT IS NOW illegal to send or receive practically any goods from Haiti. But China? This is a complex matter, not amenable to glib answers. Nevertheless, it would be helpful if the debate about trade sanctions and human rights could be conducted in a less hypocritical
      115 words
    • Article
      Work towards everybody's gain
      158 20 NO LEGAL and binding treaties are needed to integrate nations or for their leaders to work closely together for the benefit of their countries. Erecting trade barriers, tariff or non-tariff, only act to reverse the process of integration and result in countries and their leaders looking
      158 words
  • Article, Illustration
    Lock icon Let the talks begin — again
    1084 20  - Let the talks begin again Thomas L Friedman considers the prospects for success as the US and Japan realise anew they have too much to lose by not sorting out their trade problems Thomas L Friedman NYT THE decision on Tuesday by the United States and Japan to resume their
    NYT  -  1,084 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      193 20 T\ SINGAPORE rr Business Times we know asia Batem: 1 1 ft TJ CommtrtM Stnictt has landed: SMBImb TtL *****2/3 Faz4S49S2 Brunei: Stria Book S*m Block VHrnmAmocimkm Bidg Jmlan Pretty, Kmlmßtlmk M.Bax4lO.Kmkßtlmil6oo4 nL3^SOF^J223OSt BorntoTktatrt BmUutg TX22£H9F^~22XM3 Vm Eart Sanitt 3 Bangtu** A Bmmmßtnmbm TtL *****2 Fmx: *****02 Cambodia: OCSCmmboSmOffict Hoult
      193 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      64 20 kiLUS.WkPffSEBgIEVUWwVNG SToftS VJAte TMIS LOOSV RoTr£N JOB LORTv4e AND De.Te.ST -THG CONDITIONS P»ND OCSPICC cysfffotfc Wflmp ME..... POONESBURY GARRY TRUDEAU U 111 WHEW... VOUUJSKB THANKS. I JUST HOPE U/F JOANIE, EVEN IF TT WEf&TT yQU HEAFP BUT, 51 RE m GLAP GREAT,OOSS. HAM 7 OVERWOKEP ANY- A VEKf STRONGCAGB-MHCH M£~l
      64 words
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  • ANALYSIS
    • Article, Illustration
      Just a technology policy, not an industrial one?
      1070 21  -  The US Pentagon's billion-dollar National Flat-Panel Display Initiative announced last month has been criticised as unfair government support for private industry and a violation of international trade rules. Leon Hadar explains why Washington considers it a crucial plan Leon Hadar The writer
      1,070 words
    • Article, Illustration
      Lock icon Not yet convinced about investment in Vietnam
      658 21 Hanoi has a lot of work to do to gain the confidence of MNCs THE EMBARGO may be gone but multinationals are not rushing to invest in Vietnam. A survey taken at The Economist Conferences management forum in Ho Chi Minh City last
      Source: EIU  -  658 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      24 21 This article is reprinted from the May > issue of I 11 Business isia. a fortnightly management report by I'he Economist Intelligence Unit (Asia) I.til
      24 words
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      Page 21 Advertisements Column 2
      152 21 The Ingenieur Chrono Alarm. From You may come to see it, but you'll also hear The new Chrono Alarm, with proven «Ingenieur» precision, will remind you of your long-standing passion for punctuality. Beep-beep-beep. We would be happy to schedule a demonstration for you. This once, you may even arrive a
      152 words
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  • Shipping Times
    • Article
      K-Line, Hyundai may team up on three major routes
      280 23  -  By Rahita Elias SINGAPORE Shipping giants Kawasaki Kisen Kaisha (K-Line) of Japan and Hyundai Merchant Marine of South Korea may join forces on three major container trades. According to K-Line, the carriers will discuss cooperation on routes between the US and
      280 words
    • Article, Illustration
      Reely equal to the task
      62 23 SINGAPORE Project Arabia is the largest vessel ever to load at the AIVIEC Cenargo terminal on Tyneside, England. Using its otfn 600-tonne capacity crawler crane, AIVIEC Cenargo recently loaded a consignment of cab|e products for shipment to Singapore. The reels, some weighing 72 tonnes, were
      62 words
    • Article
      Lock icon Exxon Valdez third mate admits mistakes
      383 23 AP ANCHORAGE, Alaska The officer on the bridge of the Exxon Valdez when it ran aground criticised some of Capt Joseph Hazelwood's actions, but said on Tuesday he himself bore much of the blame for the tanker's wreck. Greg Cousins, then third mate, testified
      AP  -  383 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      817 23 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appcnship 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
      817 words
    • Article
      Lock icon Union backlash stalls ANL sale
      428 23 Canberra's plan delayed by fears over conditions of sale of national line International Transport Journal SYDNEY The initiative to privatise Australian National Line (ANL) which was officially announced recently by the Australian government with great enthusiasm has again come to a standstill. The government has
      International Transport Journal  -  428 words
    • Article
      Lock icon Hovercraft service to be launched in Bombay
      156 23 Bloomberg Business News NEW DELHI SKS Ltd will begin a commuter hovercraft service in Bombay within a week, managing director Arvind Saraf said yesterday. SKS, an Indian producer of copper and brass strips and foils, expects to earn at least 150 million rupees
      Bloomberg Business News  -  156 words
    • Article
      Two Philippine domestic lines to modernise fleet
      327 23  -  By Alec Almazan SINGAPORE The two largest domestic shipping lines in the Philippines are investing more than 1.2 billion pesos (Ss6B million) to upgrade their fleets. Sulpicio Lines is raising 590 million pesos while William Lines is putting up 645 million pesos to
      327 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        516 24 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Mas Jaya 0694 P04 alongside 2505 2300 'i:Piter 194 110 atongsrfe 26 05/1500 Repub Oe Col OC 18/ P06 alongside 26 05 0500 Vamt 001 114/15 alongside 2605/0600 Robert Lee CG 70' P01A
        516 words
      • Article
        CONTAINER SCHEDULES
        1967 24 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance RsHs Ship Voy No Etb/Btr Period From To From Act lade 18/B 27/1100 28 25/1/00 26/0659 26/0900 3 26/0700 26/1159 26/1400 4 26/1200 26/1459 26/1/00 *c, Lotus 052* 28/1500 2*
        1,967 words
    • Article
      THE SHIPPING GUIDE
      13611 32 This is a list ot ships loading at Singapore for ports around the world. It tabulates, by destination, the name ot the ship, the shipping line involved and the estimated dates ol arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      13,611 words
    • Article
      SHIPPING AGENTS
      3342 37 A Xm.BC Containerline NY: Bclsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg I'te Lid (SVAccord Contr Line (PK/PN). Vdkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,342 words
    • Article
      COURIER SERVICES
      287 37 Abacus C ouriers Tel >45-8011 Fax: 545-1898 Air Fxpress I ravel Tel 533-5771 fax 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80 Airsvvift Uiirldnidc Courier ret 278-0188. Fax: 273-8283 AJS Supplies Tel: 748-6322 (2 lines). 747-7421 Fax: 742-8975. Citv-I ink International Tel: 344-3377. Fax: 345-6450. Cluster l
      287 words
    • Article
      AIR FORWARDERS
      1520 37 Abex Fxpress Freight Tel: 542-7|7| Fax: *****84 \dinic Forwarder lei: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20 Aerolink Freight International Tel: 545-8033 Fax *****05 Aerospeed Tel: 542-5911. Fax *****18 Air Cargo Novo Fxpress r«t 542-5454 Fax *****06 Air Express International Tel: 542-7666 Kav *****74. *****50 Air
      1,520 words
    • Article
      PORT CONDITIONS
      2416 38 ALBANIA Durres: Six vessels in port of which discharging: I bulk coal, I steel. 1 bagged sugar, I bagged wheat Hour and sugar, 1 bagged wheat flour, I loading chrome; no vessels waiting in roads. ANGOLA l.uanda: Power supply still intermittent. No berthing delays in port. Lobito: No
      2,416 words
    • Article
      CRUISE & FERRY SCHEDULES
      402 38 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dtp Name of Vessel ETA KID Forts of Calls Port Agent lelephone No MAY 26 26 IX* I fin Star 1200 1930 Jakarta-Sin- Ocean Trade Chartering 299-0366 Port Klang 27 27 Renaissance 2 0900 2030 Port Klang Lines Intl Moldings 224-2763 27 27 Langkapuri
      402 words
    • Article
      SHIP SALES & TANKER RATES
      1203 38 SHIP SALES TANKER RATES THE PURCHASING interest for drycargo vessels remains strong and we have evidence of new market highs being achieved for 80s built Panamaz and handysiie tonnage. Tanker activity remains quiet, however procopiou (ccntrofin) are reported to have purchased the navix controlled Aframax tanker m/v 'Saiko Maru' (*****
      1,203 words
    • Article
      COCKETT BUNKER MARKET REPORT
      948 39 1 HIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. lhe Cockett Bunker Price Index change
      948 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      618 39 Carbon Carbon May 19 Density Water Residue Ash Numum Sedment Density Water Residue Ash Akmwum Sedment M/M M M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 "«V/V M M M M PPM method 60/Cimac Limits Spec E25 991 10 15 0 0.10 30* 0
      618 words
    • Article
      DAILY FREIGHTS
      1552 39 THERE has been limited activity on the US Gulf to Japan grain run although trading has been essentially sluggish with many brokers here leaving early for the Baltic Exchange's 25()th anniversary dinner tonight. The Baltic Freight Index for spot dry cargo shipping rates fell to 1.499 yesterday from
      1,552 words
    • Article, Illustration
      Lock icon The transformation of Aussie ports
      888 40 Australia's waterfront reform, aimed mainly at the stevedoring industry, has made its ports more reliable, efficient and cost effective OVER the past four years, Australia's maritime industries have been subjected to an unparalleled period of structural reform. The changes have made access to the domestic
      Source: Australian High Commission  -  888 words
    • Article
      TRANSPORT DIARY
      870 40 COURSES 1 itle: Import/Export shipping Procedures (SDF 50%) Duration: May 18 Jul 6 (8 evenings) Organiser: Elim Management Services Tel: For further details/registration call 292-5670. Title: International Freight Forwarding II (SDF 50%) Duration: May 24 Sep 9 (30 evenings) Organiser: Singapore Freight Forwarders Association Tel: For more information
      870 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Mercedes-Benz cuts 1995 S-Class prices in US
        502 42 Bloomberg Business News CHARLOTTESVILLE, Virginia Mercedes-Benz of North America (MBNA) said it cut prices on its new S-Class luxury sedans and coupes for 1995, extending the same strategy used last fall to spur sales of its less expensive models. Suggested retail prices for
        Bloomberg Business News  -  502 words
      • Article
        Lock icon Johnson Controls to buy Chrysler's Acustar plants
        392 42 Bloomberg Business News MILWAUKEE Johnson Controls Inc said on Tuesday that it plans to acquire two automotive soft trim facilities in Canada and Mexico from Chrysler Corp's Acustar Division. This is the fourth big chunk of Acustar that Chrysler has agreed to sell
        Bloomberg Business News  -  392 words
      • Article, Illustration
        Lock icon Ferrari's new wheels
        38 42 AFP MARANELLO, Italy German car manufacturer Ferrari's chairman, Luca Cordero di Montezemolo (left) and designer Sergio Pininfarina with the new Ferrari F355 sports car. The car is powered by an eight-cylinder 3500 cc engine. AFP
        AFP  -  38 words
      • Article
        Lock icon US House gives go-ahead for 6 C-17s
        277 42 AP WASHINGTON In a decision crucial to the future of the C-17 military cargo jet programme, the House voted 330-100 on Tuesday to authorise production of six of the McDonnell Douglas Corp planes, restoring production of two aircraft deleted in previous committee action.
        AP  -  277 words
      • Article
        Lock icon Boeing exploring small airplane market
        266 42 Reuter SEATTLE Boeing Co on Tuesday appointed a vice-pres-ident to explore the development of a possible new commercial jetliner smaller than the company's current smallest model, the twin-engine 737. Boeing named Richard James to head a study begun by the world's largest commercial aircraft manufacturer
        Reuter  -  266 words
      • LOG BOOK
        • Article
          Lock icon East Japan Railway turns in profit
          72 42 Knight-Ridder TOKYO bast Japan Railway Co yesterday reported a recurring profit of 101.508 billion yen (SSI.S billion) for the fiscal year ended March 31, up 0.6 per cent from a year earlier. JR bast also forecast a recurring profit of 101.2 billion yen for
          Knight-Ridder  -  72 words
        • Article
          Lock icon Chrysler unit completes credit deal
          86 42 Reuter SOUTHFIELD, Michigan Chrysler Corp's Chrysler Financial Corp said on Tuesday it has successfully completed the negotiation of nearly US$6.9 billion (5510.6 billion) of new US and Canadian bank credit facilities. The company said the new facilities include revolving credit and receivables purchase facilities with
          Reuter  -  86 words
        • Article
          Lock icon Japan's car output falls 10.5pc
          84 42 Knight-Ridder TOKYO —Japan's automobile production in April totalled 824.430 units, down 10.5 per cent from a year earlier, the Japan Automobile Manufacturers Association said yesterday. Excluding trucks and buses, passenger car production totalled 608,208 units, down 12.5 per cent in April, the association said. The
          Knight-Ridder  -  84 words
        • Article
          Lock icon Asia-Pac urged to negotiate as a bloc
          70 42 AP KUALA LUMPUR Countries in the Asia-Pacific region should negotiate as a bloc with the US and the European Union for air traffic rights, the president of Taiwan's China Airlines said on Tuesday. A bloc's bargaining power would help them win greater rights
          AP  -  70 words
        • Article
          Lock icon BE Aerospace wins BA order
          67 42 Reuter WELLINGTON, Florida BE Aerospace Inc said on Tuesday it has been selected by British Airways to supply interactive in-seat video systems for all three classes of British Airway's long-haul widebody aircraft fleet, subject to approval of the airline's board of directors. BE said the
          Reuter  -  67 words
      • Article
        Lock icon TNT turns around with A$85m profit
        294 42 Bloomberg Business News SYDNEY International transport giant TNT Ltd posted net profit of A 585.5 million (5596.6 million) for the nine months ended March 31, turning from a net loss of As 92 million a year earlier. The turnaround reflects one-time gains of A
        Bloomberg Business News  -  294 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1745 42 City Fldrt ETA FBglit ETB_ Crtjr FMgW ETA FBgM HO^ Abu Dhabi GF146 1120 GF147 1850 GA985 1435 C«ang»- SQ803 2045 SQ804 1145 Adelaide QF81 1925 Qf82 2055 Ha—I VN741 1310 VN740 1410 SQ228 1955 Hatyai MI893 1810 M1894 1430 Amsterdam KL843 0505 KL838 2300 TG407
        1,745 words
      • Article
        Lock icon General Motors, Honda recall cars
        312 42 AP DETROIT General Motors Corp is recalling 164,000 midsize Pontiac, Oldsmobile, Buick and Chevrolet cars to replace steel wheels that might separate from the cars because of metal fatigue. GM on Tuesday also announced the recall of 43,000 1993-94 Geo Tracker sportutility vehicles to inspect
        AP  -  312 words
      • Article
        Lock icon GM to sell its 13pc stake in Detroit Diesel
        110 42 Bloomberg Business News DETROIT Detroit Diesel Corp said on Tuesday it will offer for sale 2.9 million shares owned by General Motors Corp, representing about a 13 per cent stake in the company. In a statement filed with the Securities and
        Bloomberg Business News  -  110 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      22 23 0 HANJIN SHIPPING to E¥EMwmm in the world HOTLINE *****55 Mega Fax Service Launced For more information, please refer to P. 6
      22 words
    • Advertisement
      Page 23 Advertisements Column 2
      26 23 Lines and services represented Members el the Registry ef Accredited Shipping Agents, Singapore National Ship- \'l ping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      26 words
    • Advertisement
      Page 23 Advertisements Column 3
      58 23 the jg FAMOUS > on <b MOM ■MMlUg!* 224 1833 For more information plea»e refer to Pg. 15 The transformation of Aussie ports, Page 18 Mercedes-Benz cuts 1995 S-Class prices in US, Back Page HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday.
      58 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      449 24 TSKUNE AGENCIES (S) PTE. LTD. "T V TmTTI Tel: 226-3363 I JL JLLWJb Fax: 226-1972/3 Otnr7 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I 1 EXPORTS TO HONGKONG. MANILA. TAIWAN ft JAPAN "TWICE WEEKLY" 1 OUTBWND m m POI WT m m w m m mm mmo
      449 words
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      Page 24 Advertisements Column 2
      1632 24 DWECT TO USA Wt»T COAST (SO-SPOUt CAUFOBNIA tXPREMI TO t«»T MKHTCTKAHIAM (FULL CQWTAMM MBVICt) I. "Pgj !W«t LA OAK W» SO Mi. HOUSTOH CMC HT MJOCO KSSI WtloTjWK OMKTTI HWr I BTMWI 4UIAMMT IM' IPT MC' BONT* UITWI' tCITSd LMt CALIFORNIA PEGASUS *22 126 186 I 20 6 22 6
      1,632 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      2412 25 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JAROINE 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 ,p OH TEL: *****3/4 FAX *****6 CUSTOMER SVC TEL: *****92/*****91/*****93
      2,412 words
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      Page 25 Advertisements Column 2
      2214 25 ■Uli'if-HHUWIf U. S. A. /CANADA 3 TIMES A WEEK SL-EXPRESS V.210E ETA SIN 30TH MAY 1994 MAYVIEW MAERSK V.9406 ETA SIN 30TH MAY 1994 ANNA MAERSK V.9412 ETA SIN IST JUNE 1994 Vessel Voy ETA ETD Feedered by S irT™ destinations This *eek MAYVIEW MAERSK V 9406 11-"l«f)|| 30. 05
      2,214 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      792 26 T""""T AOABA R DAM/ LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEOOAH (VIA JED) S TON H BURG A WFRP HAVRE 9 yyggy MALAYSIA LEVERKUSEN EXPRESS 18, 320 26/5 6/6 13/6 15/6 16/6 20/6 22 -6 Por K elang. Penang KATSURAGI 21/121 1/6 18/6_ ?W6 '9/6 Pas.r Gudang KitANO
      792 words
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      Page 26 Advertisements Column 2
      699 26 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundl. Islamqala (Doqharun) C.1.5./RUSSIA: Vosloctiny, Vladivostok. Moscow, Baku, Tashkent. Irkutsk. Alma Ata. Ashgabad, Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Oceania V.2164 31/5 29/6 Ned America V.2174 08/6
      699 words
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      Page 26 Advertisements Column 3
      1124 26 NOR ASIA I NORASIA SUSAN 9420 3 27/05 17/06 20/06 21/06 22/06 23/06 24/06 25/06 26/06 26/66 I NORASIA SINGA 9421-3 01/06 22/06 25/06 26/06 27/06 28/06 29/06 30/06 01/07 «WT7 NORASIA SHARIAH 9422 3 08/06 30/06 01/07 02/07 03/07 04/07 05/07 06/07 07/07 07/07 I NORASIA MUBARAK 9423 4
      1,124 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1359 27 m STRAITS SHIPPING PTE LTD ■Bgff 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 UiMA'X\!ES\rJAVM!II:I rllk'!d■ new guinea pacific line (A SERVICE OF CHINA NAVIGATION CO) accepts r^yZ7 L CARGO DUt S*HS AiIAN VINTURE VO2l KK. Skan. law 27 28 May 29 May 31 May
      1,359 words
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      Page 27 Advertisements Column 2
      3106 27 Wv SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd I i\l W .j! 11 1I 4m 111 B 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 Y CR Number **********0Z EXPORT IMPORT I •f.'.stxT™ si, r> r«, ss,
      3,106 words
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      Page 27 Advertisements Column 3
      8 27 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
      8 words
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      Page 27 Advertisements Column 4
      36 27 VESSEL ETA ETO DESTINATION SONG TIEN 01 26/05 M/OS HO CHI MINH NHUT TAO M/ 05 31/05 HO CHI MINH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: R*****1 VIETHK
      36 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      520 28 ifA EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE Lhq ch< MINH giTv PA«R |h*nppw?ne/pinECT menby M9t imm KELVIN CHAN iISfISJS M *****/*****13 I *****25 1M537M ►TO VIETNAM/HCMC K CONTAINER-FEEDER SERVICE :|rom» CENTER-POINT Z7_ LINES wssu wr I tins root mi cu hcmc gMOW Jl2l_
      520 words
    • Advertisement
      Page 28 Advertisements Column 2
      1837 28 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FMVSI StfTlllNE HAUL SU Y« PO* Ft* Wl SM lIX HAUL M¥ HM NYC HANJIN KAOHSIUNG 016E 27 5 MttCT 16/6 17/6 11/6 HANMN KAOHSIUNG 016 C 27/5 M ASIA OlfiC 30/6 1/7 J/7 HAN UN
      1,837 words
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      Page 28 Advertisements Column 3
      1496 28 Inn scr use hag aic pus mi on k< sw (to lai cms b»i wc iw >n* mm w hbc rso cm ru str I. GENUSK-OS2 31/S 1/6 i t M 10 S 13 6 14 6 15 6 16 S 17/6 116 21 6 12/7 14/7 15/7 25/7 26
      1,496 words
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      Page 29 Advertisements Column 1
      2452 29 I AMBASSADOR BRIDGE 53W II IE gfe jI ETA SGP 27/05/94 If I ETA rdm 14/06/94, flx 15/06/94, HI I I BRE 17/06/94, LEH 19/06/94 EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC —US QULF MIDWEST USEC CANADA VESSEL VOY 4Ap LOS OAK VAN SET iTI (< <11 CI
      2,452 words
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      Page 29 Advertisements Column 2
      1215 29 A MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 y A BOOKINGS: *****64, *****51. *****31. *****13 X BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
      1,215 words
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      Page 30 Advertisements Column 1
      1525 30 44 AS AGENTS "K" LINE (SINGAPORE) PTE LTO <CR NO: **********0 M GST REG NO M 2-*****99 6) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 W T MALAYSIA UNI MARITIME (MALAYSIA) SDN BHD I W* J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 A INDONESIA: P.T.
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      1126 30 ©APPENSHIP /2\ HAMBURG [J*/ CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA ANO FAR EAST VESSELS LOADING PORTS OtSCHMGE LOMNNG FOR NOVIGRAD ANTW 20/0S SPORE 27/06 ECUADOR BIL 22/05 SPORE 29/06 u KOALA CONTAINER LINE STORE FIX HAM RTM LEH IZ BALANDRA 4606 03/06 27/06 21/06 29/06 01/07 CS
      1,126 words
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      958 31 f. PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I n Km CR NO *****b *****E I VESSEL VOY SIN CMB JIB JEO AOJ ADE HOO PZU ASA KOTA BERKAT BKTOII 8/6 13/6 20/6 25/6 27/6 21/6 2/7 5/7 KOTA WIRAWAN WRNO43 19/6 25/6 1/7
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      Page 31 Advertisements Column 2
      980 31 VtSStIS WOY SIN 11 HAVM HAMBURG INAMIS WQIIUtDAM ANIMRP VKll Ot LTM YO3W 30/05 21/0* 23/04 24/06 25/06 27/06 VKLI Ot VEGA GO3W 0«/06 30/06 02/07 03/07 04/07 06 07 VKIE DC VUA VO3W 14/06 06/07 01/07 09 07 10/07 12/07 Villi Of II > ANA IO4W 13/07 15/0/ 16/07
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      Page 31 Advertisements Column 3
      559 31 BSfl A M MYANMA 158 l FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Klg Pen P.Gdt MERGUI VI23W Sid PAGAN V2o9# In Port PATHEIN VI29W 27/29 May HPA AN V2O2W 28/30 May MAtAYSIA AGEMTS BOUSIEAD SHIPPMG AGENCIES MA. Ifl 03 *****00 PKL TU 03 *****67
      559 words
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      1001 34 $<@$)<[).:]`.+<&(|<\\}$$-:!*],$ ffil SHINYEI SHIPPING (S) PTE LTD I pHD 10 Anton Road #15-01/02 International Plaza Singapore 0207 CR NO: **********0N HOT LINE: *****38 (8 LINES) BTST— PORTS KOBE/YOKOHAMA/TOKVO/NAGOY A/OSAKA 29/5/94 HONGKONG/CHINA, BANGKOK 29/5/94 H EUROPE BUSAN/PORT KELANO, PENANG H ROTTERDAM/HAMBURG/FELIXSTOWE 28/8/94 MANILA/KEELUNG 31/8/94 H H LEHAVRE/ANTWERP USA H H MEDITERRANEAN
      1,001 words
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      Page 34 Advertisements Column 2
      183 34 /Cnorbul^\ I \V®OJ/ NORBULK CARGO SERVICES LTD. 1 I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD jERVICES FOR I I AOAMASIOS Sited IN PORT FLU/WIT/NAN/UK I I WORLD AGAMEMNON 10/6 15/6 RDM/ANT/l* I I NORBULK TBN 28/6 30/6 FLU/ROAM/ANT/UK I I NORBULK TBN 28/6 30/6 DBN/CPT/El J 1 ALSO LOADS
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      745 35 (j£ FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 29/5 ROTTERDAM 27/5 AARHUS/COPENHAGEN~ 29/5 HAMBURG/BREMEN 27/5 MARSEILLE/FRANCE 31/5 FELIXSTOWE/UK 27/5 BARCELONA/SPAIN 30/5 LEHAVRE/FRANCE 27/5 GENOA/ITALY 30/5 ANTWERP/BELGIUM 27/5 LOS ANGELES/WC/IPI 29/5 SYDNEY/MELBOURNE 27/5 NEW YORK/EC 29/5 FREMANTLE/ADELAIDE 27/5 VANCOUVER 27/5
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      Page 35 Advertisements Column 2
      1924 35 I. i lT17 1 VEBBEL 1 VESSEL VOY~ SIN pen I 1 BMUM 27/5_ _Tuf__3Vs_ B UNQA SEROJA 4065 Fri 27/5 Sat 26/5 m S BHATRA BHUM 31S _26/5_ _31/5_ KOTA SURIA iSST Sun 29/5 Tua 31/5 211N Wd In Pt Sat 26/5 f WAWA BHUM 230S Tw 31/5 Wk
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      1783 36 PJUBMN CONTAINER LINES, INC I2IV/VVI Agents: MAC-NELB SPORE: *****22 (24 LINES) wv/ 'c/R No: 1200C*****0C SIBU (084) *****9 KUCHING (082) *****3 PENANQ: (04) *****8 BANGKOK (662) *****57 MANILA (632) *****61 •P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
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      Page 36 Advertisements Column 2
      174 36 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD it* ll* EM SfOK rati Ml AUG PtNANG hui m n/t loadins lot Male RUVM HUOHU 20; 6 loading tor Colombo OaPHN 8 6 loading For M„u> PtOHIR SUP* IMI 10 6 loading For Mjic UMMKDH 2 6 loading For Mil* PftOGMSS
      174 words
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      Page 36 Advertisements Column 3
      1161 36 THONG SOON LINES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I \J TEL: 227-5088 FAX: 227-6011 I y TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK VESSEL VOY S PORE DEST VESSEL VOY S'POUE PEST EQUATOR 111 123/4E 29 MAY KUCHING EQUATOR GRACE 120/4E
      1,161 words
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      32 38 O O O Q i i I i LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. SINGAPORE r 1 Business Times WE KNOW ASIA
      32 words
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      24 39 Appointment Ads Help You Find The Right Candidate JUST DESERTS Legal discourses in digestible portions. "a. Every Thursday. SINGAPORE r I 1 Business Times
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      478 40 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA PERVOMAYSK 9402N 27/05 <FRI) 01/06 (WED) OPTIMA 9403N 31/05 (TUE) 04/06 (SAT) TWO SAIINGS; MEKLY VIGOUR PACIFIC 9421N 03/06 (FRI) J 08/06 (WED) PERVOMAYSK 9403N 07/06 (TUE) 11/06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE GENERAL SANTOS I DAVAO
      478 words
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      706 40 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 2J60 JR 3.2 28 2.2 1.5 09 0.5 0.2 02 04 1.0 1.8 2.3 2.6 2.7 2.5 20 1.5 1.1 09
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      978 41 I MERCHANT MARINECOLTD. WESTBOUND TO EUROPE BKG: *****61 |PNA» PKE* PGP* VtSStLS VOY SIN RTM AWT* LEH* HAM WE| FEL 25/05 27/05 28/05 H. EXPIORER 311W 30/05 17/06 19/06 20/06 19/06 19/06 21/06 01/06 03/06 04/06 NOR FRIBOURG 311W 06/06 24/06 25/06 26/06 25/06 25/06 28/06 08/06 10/06 11/06 H.
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      Page 41 Advertisements Column 2
      459 41 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSSCL HOT sr N HUC KH CHAMPION TIHOtR ¥37 11/ l MHU MOW VS2 II I I 12/1 MUt 11/1 SONItI V 27 2/1 4/1 BUB HUM V2S (I II KtISMM VZ9 COSMIC KIDM *45 II l/l OUTBOUND VESSELS
      459 words
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      Page 41 Advertisements Column 3
      1053 41 "tSSEL VOY SIN ETA/D LAX OAK CHI DAL MEM/COL HOU NYC NOR HENRY HUOSOM BROGE 75A 02/06 19/06 21/06 22/06 23/06 23/06 24/06 "24/06 25/06 ALLIGATOR VICTORY 53A 09/06 26/06 28/06 29/06 30/06 30/06 01/07 07/07 02/07 MACKINAC BRIOGE 77A 16/06 03/07 05/07 06/07 07/07 07/07 08/07 08/07 09/07 ALLIGATOR
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