The Business Times, 28 July 1994

Microfilm: NL19568
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times WE MITA(P) 010/12/93 Thursday July 28 1994 vZF.
    10 words
  • 2am LATEST
    • Article
      Lock icon Dow down 11 points
      43 1 Reuter NEW YORK Blue-chip stocks fell at midsession yesterday. Declining issues beat out advances 2-1 on NYSE volume of 150 million shares at Ipm EDT. At 2pm EDT, the Dow Jones industrial average was off 11 points at 3,724.68.
      Reuter  -  43 words
    • Article
      Fire at paper plant in Jurong
      54 1 SINGAPORE Fire broke out in a paper factory at Neythal Road in Jurong late last night. According to police, who were notified shortly before 11pm, no one was hurt in the blaze which lasted more than two hours. The extent of damage was still
      54 words
  • Article
    MARKET SUMMARY
    165 1 Stock Market indices Wednesday Change STII 2,201.39 -4.65 KLSE Comp 1,020.19 11.88 Nikkei 20,137.23 -208.14 Hang Seng 9,402.18 +207.82 SET Index 1,367.64 21.14 Jakarta Comp 453.37 -0.99 CLSA China B ....1,001.75 +11.54 Aust All Ord 2,041.7 +0.4 FTSE 100 3,082.3 -34.9 Wednesday Prerkws 2 pa close Dow Jones
    165 words
  • Article
    Squeeze on margins for IPO deals as competition hots up
    447 1  -  By Shiv Taneja SINGAPORE Management fees and underwriting commissions charged by merchant bankers are being squeezed as competition for mandates gets tougher. And this is despite the large number of initial public offers this year 17 so far compared with
    447 words
  • Article
    Two electronics firms get go-ahead for listings
    269 1  -  By Joseph Rajendran, Lim Soon Neo TWO electronics companies announced yesterday that they had received in-princi-ple approval from the Stock Exchange of Singapore to list their shares. Hongkong's Elec Eltek International Holdings Ltd said it would list its Singapore subsidiary, Elec Eltek International
    269 words
  • Article
    Lock icon Thai govt shelves mass transit project at the eleventh hour
    446 1 AFP BANGKOK The Thai government put a Bangkok mass transit project on hold indefinitely, a day before construction was to begin, because the contractor submitted a traffic management plan too late, a government spokesman said yesterday. The Cabinet order on
    AFP  -  446 words
  • Article
    Traders blame S'pore company for 10pc drop in gasoil price
    451 1  -  'We sold at prices to reflect market demand/ says firm By Soh Tiang Keng SINGAPORE Many traders and refiners in Asia and the Middle East have blamed Hin Leong Trading, a Singapore oil trading company, for a 10 per cent
    451 words
  • Article
    Goldtron, NatSteel among creditors of Media Vision
    317 1  -  By Joseph Rajendran SINGAPORE Two Singapore companies are among the top 20 unsecured creditors of US sound card maker Media Vision, which has filed for Chapter 11 bankruptcy protection. Sesdaq-listed Goldtron is owed US$4.6 million (556.9 million), making it the third largest unsecured
    317 words
  • Article, Illustration
    Lock icon Merrill Lynch favours S'pore bourse amid spotty Asia outlook
    438 1 AFP, Eastern Express SINGAPORE A US stockbroking firm sees dim prospects for an early revival in Asian stock markets and has recommended a greater share of portfolios be directed to the "safe haven" Singapore market in the near term. Merrill Lynch
    AFP,; Eastern Express  -  438 words
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      203 1 CERRUTIIBBI SWISS WATCHES Time is on my side DYNASTY WATCH PTE LTD, m 733 2765 CONTENTS News CoiMfmiict S pore News 2 SporeJTsia .17.18.20 Regional News 3.6.7 Financial 21.22 World News 9 Features Wxiwts Analysis _15 Oob/KISE, S£S 26-28 Editorial 14 R<*»nal 24 Sports 11 World 25 TV/lriestyte 13 Currencies
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      24 1 Innovation: Pg 10 Smart cards in Singapore I How John Lim helps turn around Jack Chia-MPH Page 19 Global guidelines for derivatives Page 16
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      16 1 Hock Lock Siew: Pg n Whither small finance houses? Omni Mold offers 20m shares, Page 17
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      40 1 J Removable CO Tuner with DSP Sound Processor/CD Changer Control* raJJITSU TEN IB OW hSj E PHOTO STORES PTE LTD. J&Odori: Phone. *****33 Kuala Lumpur Phone. 757 0233 Phone. 615 965/619 014 Jakarta: Phone. *****9/*****8 Regional market reports, Pages 24-28
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon PSA sails towards another record
        342 2  -  By Rahita Elias SINGAPORE'S port looks set for yet another recordbreaking year, based on the latest cargo figures from the Port of Singapore Authority. In May, the volume of non-oil shipments through the Port of Singapore Authority's terminals totalled 13.5 million tonnes a year-on-year increase
        Source: PSA  -  342 words
    • Article
      Emporium wins appeal on commission claim
      253 2 THE Appeal Court has ruled against an estate agent's claim for commission, overturning an earlier High Court verdict. In the High Court, Emporium Holdings was ordered to pay $250,000 in commission to Knight Frank Cheong Hock Chye Baillieu over the sale of shop units
      253 words
    • Article
      Parents Bill to go before select committee
      646 2  -  Yesterday in Parliament By Chuang Peck Ming PARLIAMENT yesterday voted by a big majority to send the Maintenance of Parents Bill to a select committee for fine-tuning, as suggested by Nominated MP Walter Woon, who had tabled the Bill. Almost four-fifths of those
      646 words
    • Article, Illustration
      Luxury bus service to hit the road
      297 2 STARTING next month, commuters will be able to hitch a ride with Bus-Plus, a new mode of transport for those who want to travel in style and comfort at less-than-taxi prices. The luxuiy bus service dubbed "Business Class on the Road" will be
      297 words
    • Article
      Property market did well in 2nd qtr: JLW
      249 2 MOST sectors of the property market continued to perform well in the second quarter, according to property consultants Jones Lang Wootton (JLW). The latest issue of JLW Property Trends reported that the capital values of office, residential, and industrial properties moved upwards
      249 words
    • Article
      S'pore up a notch to 7th place in ranking of convention cities
      281 2 SINGAPORE moved up a notch from eighth to seventh place last year in the global ranking of convention cities, according to an independent survey. The survey, by Brusselsbased Union des Association Internationales, says 116 of 690 international meetings
      281 words
    • Article
      Suntec City expects 80pc occupancy by year-end for tower
      362 2  -  By Quak Hiang Whai THE developer of the massive Suntec City complex expects committed occupancy of 80 per cent by year-end for office space in Suntec City Tower. Suntec City Development gave the figure yesterday after signing an agreement with a
      362 words
    • Article
      Shell teams up with Swensen's for petrol and ice cream scoop
      266 2 SHELL Singapore has linked up with Swensen's to sell its ice cream and pastries at Shell's petrol stations. The first to sell Swensen's products will be Shell's Select Food Mart convenience store at Bukit Batok Avenue station, from Sunday.
      266 words
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      226 2 I only specialise in selling properties have of big boys will be proud of. My success story couldn't be better 126 properties 12 all sold! It does not you anything to see me, just cup of coffee, two teaspoons of sugar, I shall bring w the curry puffs. IS LOUIS
      226 words
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  • SOUTH-EAST ASIA
    • Article
      Asean and partners agree to disagree on key economic issues
      462 3  -  Reports from Yang Razali Kassim in BANGKOK ASEAN and some of its key trading partners ended their annual round of talks yesterday agreeing to disagree on key economic and trade issues. But their positions have converged somewhat on the political
      462 words
    • Article, Illustration
      Lock icon Kono goes Latin
      33 3 Asean Post Ministerial Conferences AFP Japanese Foreign Minister Yohei Kono displaying his skill with the maracas at a dinner held after the Post Ministerial Conferences in Bangkok on Tuesday. AFP
      AFP  -  33 words
    • Article
      S Korea wants link with Afta, more involvement in growth triangles
      436 3 BANGKOK South Korea wants to link up with the Asean Free Trade Area (Afta). Seoul also wants to see Korean companies stepping up their participation in the various economic growth triangles emerging in Asean. This was made known by
      436 words
    • Article
      More joint ventures between European, Asian firms likely
      336 3 BANGKOK A spate of joint ventures between European and Asian companies are in the offing, following talks here yesterday between the European Union and Asean. Goser business ties between the two regions are being pursued in the wake of a new strategy
      336 words
    • Article
      G-7 seeks Asean's views in review of key institutions
      157 3 BANGKOK The Group of Seven industrialised nations is reviewing the world's major financial institutions, such as the International Monetary Fund, and it is seeking Asean input. This was revealed in talks between Asean and Canada, which will host the next G-7
      157 words
    • Article, Illustration
      S'pore firms plan US$12m Vietnam leisure complex
      420 6  -  By A J Leow SINGAPORE Three Singapore companies have joined forces to develop a US$l2.6 million (SSI9 million) leisure and retail complex in Ho Chi Minh City. The joint-venture firm, SUTL Leisure, is led by Singapura United Tobacco, which has roped in listed
      420 words
    • Article
      Lock icon M'sia, China to look at timber tie-ups
      255 6 Bernama KUALA LUMPUR Malaysia and China yesterday agreed to explore the possibility of forming joint-venture companies to produce and process timber products, a commodity attracting great demand in China. Both countries also agreed to facilitate cooperation between Malaysian general trading companies and relevant
      Bernama  -  255 words
    • Article
      Lock icon PetroVietnam chief hints at major oil finds
      480 6 AFP, Reuter HO CHI MINH CITY Vietnam is expecting to announce several new petroleum finds soon, the head of state firm PetroVietnam said yesterday as a Malaysian company said it had struck oil off the Vietnamese coast. Ho Sy Thuong said firms contracted
      AFP,; Reuter  -  480 words
    • Article, Illustration
      Lock icon Bamboo-balancing in Vietnam
      43 6 AFP HUNG YEN, Vietnam Cyclists balancing huge loads of bamboo fish traps on a road in Hai Hung province in north Vietnam on Tuesday. Bamboo is usk widely in Vietnamese peasants' daily life, from working tools to household utensils. AFP
      AFP  -  43 words
    • Article
      Indon media again in hot seat as govt issues warnings
      411 6  -  From Leslie Lopez in JAKARTA INDONESIA'S media is once again under fire from the government just a month after the closure of three publications. Over the last month, several publications, including the country's leading English language daily, Jakarta Post. have
      411 words
    • NOTE BOOK
      • Article
        Lock icon Indonesia to host NAM talks on debt
        108 6 AFP JAKARTA Indonesia will host a ministerial exchange of views between the least developed countries of the Non-Aligned Movement (NAM) to seek a solution to crippling debt problems, an official said here yesterday. Head of the NAM's chairman executive body, Nana Sutresna, said
        AFP  -  108 words
      • Article
        Lock icon Ramos forms agency for Clark airport
        114 6 AFP MANILA A government corporation would be set up to operate and manage a proposed international airport and aviation complex in the former US Clark Air Base north of Manila, President Fidel Ramos said yesterday. Mr Ramos said the new agency, the Clark International
        AFP  -  114 words
      • Article
        Lock icon Filipino investment abroad up 9 times
        87 6 AFP MANILA Investments by Filipinos in other countries rose by 864 per cent in 1993 due to the liberalisation of foreign exchange regulations, the Philippine Central Bank statistics office said here yesterday. Outward investments from the Philippines amounted to U551,167 billion (551.76 billion) in
        AFP  -  87 words
      • Article
        Lock icon KL will not sue FT over allegations
        87 6 Reuter KUALA LUMPUR Malaysia will not sue the Financial Times of London over bribery allegations involving an investigation by Standard Chartered Bank into missing gold coins. Law Minister Syed Hamid Albar yesterday said Malaysia felt that British newspapers had assumed that press freedom
        Reuter  -  87 words
      • Article
        Lock icon 41 Al Arqam members arrested
        67 6 AP KUALA LUMPUR Police have detained 41 people from the Al Arqam movement, accused of teachings that deviate from the true Islam, on charges of distributing leaflets without a permit. Inspector General of Police Abdul Rahim Noor said yesterday the 41 were arrested in Kuala
        AP  -  67 words
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      586 words
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      286 5 HONG BAHRU PLAZA MfM Another Outstanding Commercial Landmark by HUH United Overseas Land Group BB| Bahru a ZIl a^so matched tower and a 7-storey retail podium is a by its exquisite building design and self-contained commercial hub. M elegant finishes. located the Building Automation restricted zone, yet only two MRT
      286 words
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      207 6 THE LEGEND HOTEL AND APARTMENTS (LOCATED ABOVE THE MALL) NOWOPEN Valid until 31st August 1994 The Legend Hotel and Apartments APARTMENTS «THE LEGEND HOTEL offers the widest range of apartment accommodation in Kuala Lumpur complete with all the convenient amenities and little luxuries to help make your stay a truly
      207 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China attacks US for blocking its re-entry into Gatt
      534 7 Reuter, AF, Bloomberg Business News BEIJING China yesterday accused the United States of blocking its entry to the Gatt world trade body and warned that if it could not enter it would not honour any of the commitments made during eight
      Reuter,; AF,; Bloomberg Business News  -  534 words
    • Article
      Lock icon Successful HK land auction sends market on bull run
      387 7 Eastern Express HONGKONG In response to a successful government land auction on Tuesday, Hongkong stocks staged a strong rally yesterday, led by rising property stocks. The Hang Seng Index rose 207.82 points or 2.26 per cent to close at 9,402.18, its
      Eastern Express  -  387 words
    • Article
      Lock icon Beijing won't shut CD factories but will take pirates to court
      351 7 Bloomberg Business News BEIJING China will not bow to a US demand that it close down 26 compact disc factories accused of flooding Asian markets with knock-off CDs, but it will take the pirates to court, a top trade
      Bloomberg Business News  -  351 words
    • Article, Illustration
      Lock icon From shacks to ashes
      62 7 Reuter TAIPEI The charred remains of a cluster of makeshift wooden shelters in central Taipei after they were razed by fire early on Tuesday. The government has pledged to remove the colonies of illegal shacks still remaining among the high-rise buildings in Taiwan's capital, but many
      Reuter  -  62 words
    • Article
      Lock icon UN chief won't support observer status for Taipei
      354 7 AP utffifß NATldtos Secre-tary-General Boutros BoutrosGhali will not support observer status at the United Nations for Taiwan, his spokesman said on Tuesday. China is strongly opposing any effort to give observer status to Taiwan, which was ousted from the UN in 1971
      AP  -  354 words
    • Article
      Lock icon Taiwanese economy picking up steam
      176 7 AFP TAIPEI Taiwan's economy is picking up momentum, with the government's key economic barometer flashing an encouraging "green light" for June, a government agency said in a report yesterday. "The economy in June remained promising and chalked up a seventh consecutive green light, with the
      AFP  -  176 words
    • CHINA WATCH
      • Article
        Lock icon Foreign firms boost imports, exports
        80 7 Reuter BEUING Imports and exports of foreign-invested companies in China jumped 45.3 per cent in the first half of 1994 to US$35.B billion (Sss4 billion) from the year-earlier period. The Ministry of Foreign Trade and Economic Cooperation yesterday said they accounted for 36.7 per cent
        Reuter  -  80 words
      • Article
        Lock icon Shenzhen declares war on crime
        70 7 AFP HONGKONG Authorities in China's southern boom town of Shenzhen have begun a crackdown on drugs, prostitution, gambling and triad gangs. The Beijing-controlled China News Agency yesterday said: "As of July 26 until the end of this year, the municipal authorities started an anti-evils operation,
        AFP  -  70 words
      • Article
        Lock icon Jiang to visit Russia in September
        76 7 Reuter MOSCOW Chinese President Jiang Zemin will pay an official visit to Russia on Sep 2 and 3. President Boris Yeltsin yesterday said the visit, repaying one by Mr Yeltsin to China, would be the first by a Chinese head of state to Moscow
        Reuter  -  76 words
      • Article
        Lock icon Sino-US trade fair in November
        64 7 Reuter BEIJING China yesterday announced plans to hold what it called the first Sino-US investment conference and trade fair for small and medium enterprises. The official Xinhua news agency said the Nov 8-10 fair in Beijing would be sponsored by China's Agriculture Ministry, the state-owned
        Reuter  -  64 words
    • Article
      Lock icon China attracting less, but better, foreign investment
      280 7 Bloomberg Business News BEIJING The number of approved foreign investment projects in China fell 42 per cent to 25,450 in the first half of the year but government officials say the incoming money is going to more productive uses. Miao Fuchun, a spokesman
      Bloomberg Business News  -  280 words
    • Article
      Lock icon Taiwan calling: China tops US as phone destination
      200 7 AP TAIPEI, Taiwan China has become the top destination for overseas telephone calls from Taiwan, replacing the United States, the island's International Telecommunications Administration reported yesterday. Chou Chin-yuan, head of the traffic and commercial department in the governmentrun telecommunications agency, linked the
      AP  -  200 words
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  • REST OF ASIA
    • Article
      Lock icon Japan economic growth potential lower, says govt panel
      397 8 Reuter TOKYO Japan's economy may not grow at an average annual rate of 3.5 per cent in real terms in the five years ending March 1997, contrary to a government advisory panel's expectations two years ago, the panel said. However, the panel
      Reuter  -  397 words
    • Article
      Lock icon Indian defence expert seeks global ban on nuclear weapons
      208 8 AFP WELLINGTON The world should move to outlaw nuclear weapons in the same way it banned chemical and biological weapons, the director of India's Institute for Defence Studies and Analyses, Air Commodore Jasjit Singh, said here yesterday. "But I don't think
      AFP  -  208 words
    • Article, Illustration
      Lock icon Defected kin of high-ranking N Korean politicians in Seoul
      244 8 UPI, AFP SEOUL North Korean Prime Minister Kang Song Sang's son-in-law is here after defecting through a third country. Kang Myong Do, 36, arrived here late in May, the Agency for National Security Planning South Korea's equivalent of America's Central Intelligence
      UPI,; AFP; Reuter  -  244 words
    • Article
      Lock icon Modest increase in inflation figure eases pressure for Aussie rate rise
      655 8 Reuter SYDNEY Market pressures for an imminent hike in Australian interest rates eased yesterday after a modest rise in consumer prices for the second quarter which officials attributed mostly to a surge in world oil prices. The Australian Bureau
      Reuter  -  655 words
    • Article
      Lock icon Indian court clears way for entry of mobile phones
      372 8 Govt must review award of licence to Hutchison Max AP, Bloomberg Business News NEW DELHI. India After a two-year legal battle, Indians will finally be able to have cellular phones. The Supreme Court on Tuesday ruled that the government should reconsider
      AP,; Bloomberg Business News  -  372 words
    • Article
      Lock icon India slaps heavy penalties on 9 foreign banks in financial scandal
      419 8 Reuter BOMBAY The Indian government yesterday announced stifT penalties against nine foreign banks following their alleged involvement in the country's worst financial scandal. The banks included Citicorp's Citibank, Standard Chartered pic and the Hongkong and Shanghai Banking Corp. The
      Reuter  -  419 words
    • ASIA NOTES
      • Article
        Lock icon Chinese migrants top Aussie divorce table
        89 8 AFP SYDNEY The leap from male-dominated Asia to equal-oppor-tunity Australia has lifted Chinese migrants to the top of the league table for failed marriages in Australia, according to Asian community leaders. New data shows Chinese-bom migrants were divorcing last year at three times the
        AFP  -  89 words
      • Article
        Lock icon Study warns against airport land sell-off
        85 8 Reuter CANBERRA The Australian government will be advised only to lease its As 2 billion (552.22 billion) network of airports, not sell them. The Sydney Morning Herald reported. A feasibility study into the planned privatisation would recommend against fully selling the airports, or at
        Reuter  -  85 words
      • Article, Illustration
        Lock icon Students and militants clash
        65 8 AFP CHITTAGONG, Bangladesh Students and Islamic militants hurling stones and crude bombs at each other during a violencepacked general strike here on Tuesday. The death toll following the clashes in this Bangladesh city the country's second largest has risen to five, witnesses and hospital personnel said
        AFP  -  65 words
      • Article
        Lock icon Japan urged to cut defence forces
        76 8 AFP TOKYO A government committee is to recommend cutting Japan's Self Defence Forces (SDF) over the next 10 years, an official said on Tuesday. A 10-member panel on defence problems is finishing a report for Prime Minister Tomiichi Murayama. Jiji Press said the panel
        AFP  -  76 words
      • Article
        Lock icon Bumper Japanese rice crop expected
        87 8 Reuter TOKYO Japanese rice crops from the present planting season were growing faster and longer than the average year, and a bumper crop yield is cxpected if the weather stays favourable through mid-August, the agriculture ministry said. Overall crop growth as of July 15 was
        Reuter  -  87 words
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      126 8 This announcement appears as a matter of record only. July 1994 SINGAPORE FINANCE LIMITED (Incorporated in the Republic of Singapore) RENOUNCEABLE RIGHTS ISSUE OF 29,700,000 RIGHTS SHARES AND *****,000,000 PRINCIPAL AMOUNT OF 3.5 PER CENT. UNSECURED BONDS DUE 1999 WITH 29,700,000 DETACHABLE WARRANTS TO SUBSCRIBE FOR NEW SHARES OF Ssl.oo
      126 words
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  • THE WORLD
    • Article
      Lock icon S Africa's biggest union set to call general strike
      488 9 AFP JOHANNESBURG South Africa's largest trade union federation, Cosatu, warned yesterday it was gearing to call a general strike on Aug 8 involving up to 400,000 workers in the country's industrial heartland. The strike, in the greater Johannesburg area, will present
      AFP  -  488 words
    • Article
      Lock icon Russians race to sell shares in investment fund
      300 9 Gravy train of rising prices comes to sudden halt Reuter MOSCOW Russians raced to sell shares in the country's best-known investment fund yesterday, crowding outside stock exchanges and company offices to dump securities which lost half of their value virtually overnight. Officials
      Reuter  -  300 words
    • Article, Illustration
      Lock icon 2nd bomb hits Jewish, Israeli target in London
      275 9 AFP, Reuter LONDON A car bomb explosion outside London offices of Jewish and Israeli organisations injured five people early yesterday, hours after a car bomb wrecked Israeli embassy buildings in central London. A police spokesman said a bomb in a parked car
      AFP,; Reuter  -  275 words
    • Article, Illustration
      Lock icon Clinton aide admits White House handled Whitewater case badly
      420 9 Republican alleges cover-up as Congress opens hearings Reuter WASHINGTON Congress opened politically charged hearings into Whitewater on Tuesday with an admission by a top aide to President Bill Clinton that the White House had fallen short in its handling of the
      Reuter  -  420 words
    • Article
      Lock icon Nafta should expand to Asia, says Canada
      192 9 Reuter OTTAWA The three countries that belong to the North American Free Trade Agreement should look to Asia for new members of the pact. Canada's Trade Minister Roy MacLaren said in the Canadian Foreign Policy journal: "We will continue to assert that prospective
      Reuter  -  192 words
    • Article, Illustration
      Lock icon Arrest warrant issued for Italian PM's brother
      373 9 Reuter, AFP MILAN Milan magistrates have ordered the arrest of Prime Minister Silvio Berlusconi's brother on suspicion of corruption, dealing a fresh blow to the battered government, judicial sources said here yesterday. They said the warrant for Paolo Berlusconi was signed by a
      Reuter,; AFP  -  373 words
    • WORLD WATCH
      • Article
        Lock icon Demand for German equipment soars
        109 9 Reuter FRANKFURT Foreign orders for German engineering and plant construction equipment leapt by a price-adjusted 44 per cent in June from the year-ago period, the German engineering association VDMA said. Total orders in the sector had risen by 26 per cent, with domestic demand up
        Reuter  -  109 words
      • Article
        Lock icon The question of new nuclear plants
        83 9 Bloomberg Business News LONDON Engineering company executives have told the UK. government that the important issue facing the nuclear industry is not its sell-ofT to the public, but how and when new power plants would be constructed, the Financial Times said. Weir Group chairman
        Bloomberg Business News  -  83 words
      • Article
        Lock icon Reining in UK water companies
        108 9 Reuter LONDON Britain's water regulator will crack down on the money-spinning powers of water companies today, announcing tough new price controls in an attempt to halt spiralling consumer bills, utility analysts say. But the "Big 10" water companies will still be able to deliver inflation-beating
        Reuter  -  108 words
      • Article
        Lock icon IMF's contribution to market economy
        69 9 AFP WASHINGTON The International Monetary Fund helped the global economy to evolve by helping new members make the historic transition to a market economy, according to the IMFs annual report released yesterday. The report said the IMF devoted US$5.2 billion (SS7.B billion) in special drawing
        AFP  -  69 words
      • Article
        Lock icon Doing more to stop capital flight
        74 9 Reuter MOSCOW Russia has stepped up its efforts to prevent capital flight estimated at US$l billion a month and individuals hiding currency abroad may be punished with long jail terms, senior central bank officials said yesterday. Vyacheslav Kanunin, deputy head of the bank's currency
        Reuter  -  74 words
      • Article
        Lock icon Swiss prostitutes to pay VAT
        73 9 AFP BERN, Switzerland Swiss prostitutes will be asked to hand over value-added tax 6.5 per cent from next year, a move expected to add tens of million of francs to government coffers, tax officials said yesterday. Senior fiscal official Francois Gendre said VAT would be
        AFP  -  73 words
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      Page 9 Advertisements Column 1
      275 9 LOOK WHAT YOU CAN PICK UP FOR $100 AT CLARKE QUAY THESE DAYS. Spend $100 on a single Do 60 km/h in your bathtub receipt* at any of the 176 shops or 2nd prize is an exhilarating 20 restaurants and bars at Clarke 13ft Sea Rayder jet boat. Driven Quay
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        A crane for difficult building sites
        60 10 SINGAPORE A new tower crane from Potain has just been launched. Called the GTMR346A, it offers fast and simple erection and high performance on even the most difficult sites. The new crane has a maximum load capacity of five tonnes and can lift one
        60 words
      • Article, Illustration
        Calling all corners of the globe
        80 10 SINGAPORE A new telecommunication service (above) introduced by Norwegian Telecom will make worldwide communication feasible and can provide contact for areas isolated because of geography, disaster or war. Called Inmarsat B, potential users of the new service include the media, relief organisations and business
        80 words
      • Article
        Lock icon Journeying into a volcano
        65 10 AP ANCHORAGE, ALASKA A US space agency robot has reached the snowy peak of Spurr volcano and scientists are preparing for the machine's descent into the steamy volcanic crater. Crews worked on Tuesday to finish hooking up the generator on Nasa's Dante II robot and a
        AP  -  65 words
      • Article
        Lock icon Computer to translate Japanese into English
        68 10 UPI KYOTO A group of Japanese researchers said yesterday it has developed an artificial intelligence-based computer system that translates Japanese into English up to 500 times faster than current systems. The researchers told Japan's Kyodo News Service they plan to officially announce the new
        UPI  -  68 words
    • Article, Illustration
      Setting the pace for smart cards
      600 10  -  The launch of two Singapore smart card standards should see smart cards being used in increasingly diverse ways. But an all-encompassing card is not a likely scenario, reports David Mok David Mok TWO LOCAL standards for the production of smart cards are ready, offering
      600 words
  • THE LAW PAGE
    • Article, Illustration
      Steering clear of laundered money
      1728 10  -  Patricia Wee suggests what steps banks should take to keep on the right side of the law Patricia Wee The writer Patricia Wee. is a senior lecturer at the Nanyang Technological University's School of Accountancy and Business and the associate editor of the Asia Business
      1,728 words
    • Article, Illustration
      What has become of govt's plan to appoint Senior Counsels?
      485 10  -  AT THE-®^ By Ramesh Divyanathan FIVE Hongkong Queen's Counsels are believed to have been admitted to the Singapore Bar, thus allowing them to practise law here freely. Under the Legal Profession Act, Hongkong lawyere with at least three years of
      485 words
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  • SPORTS
    • Article, Illustration
      Lock icon German driver Michael Schumacher barred from two Grand Prix races
      596 11 AP, AFP PARIS World auto racing authorities on Tuesday barred Grand Prix leader Michael Schumacher from two Formula 1 races, after the German driver broke rules at a contest in Britain this month. The International Automobile Federation (FIA) also cut
      AP,; AFP; Reuter  -  596 words
    • Article
      Lock icon O'Neal puts Dream Team ahead of Germans
      642 11 AP CHARLOTTE. North Carolina At 2.16 m, 136 kg. it's pretty hard to hide Shaquille O'Neal on the beneh. The Orlando centre didn't start in Dream Team Il's opening exhibition game on Tuesday night against the German national team because it was at
      AP  -  642 words
    • Article, Illustration
      Lock icon Atherton under more pressure to quit over charges of ball-tampering
      744 11 AFP LONDON England cricket captain Mike Atherton came under increasing pressure to resign on Monday over the alleged ball-tampering affair. Former Test players Geoffrey Boycott and Jonathan Agnew, along with leading British newspaper The Times, called upon him to quit
      AFP  -  744 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Equestrian Sports
        166 11 AP THE HAGUE, Netherlands Final preparations were made on Tuesday for the second World Equestrian Games, with veterinarians looking over 110 horses that will compete in the first three-day event. The 10-day games, billed as the biggest sporting event in the Netherlands since the 1928 Olympics, was formally
        AP  -  166 words
      • Article, Illustration
        Golf
        59 11 VIRGINIA WATER, England European PGA Tour leading money winners: 1 Jose Maria Olazabal (Spn) £473,295 2 Colin Montgomery (Scot) 431,201 3 Bcrnhard Langer (Gcr) 409,636 4 Jimenez 398.501 5 Ernie Els (SA) 336.488 6 Nick Faldo (Eng) 333,148 7 Mark Roe (Eng) 317,591 8 Robert Alienby (Aust) 302.728 9
        59 words
      • Article, Illustration
        Lock icon Rugby
        249 11 AFP AP LONDON The first rugby union player in the 171-year nis- Tory of the game to be accused of killing a rival on the field, has been acquitted by a court. William Hardy, 25, was charged with the manslaughter of Seamus Lavelle as a result of a clash
        AFP; AP  -  249 words
      • Article, Illustration
        Lock icon Soccer
        101 11 AP TOKYO Kazuyoshi Miura. the biggest star of Japan's professional league, left yesterday to try his luck in a more challenging situation Italy's top division. Miura. who was named the JLeague's MVP in 1993 after leading his team to the league's inaugural championship, is under a one-year contract to
        AP  -  101 words
      • Article, Illustration
        Lock icon Tennis
        378 11 AFP AFP NEW DELHI India sprung a surprise yesterday by opting to play on grass their Davis Cup world group play-ofT tie against South Africa. The All India Tennis Association (AITA) chose the grass courts of the Jai Club in the northern city of Jaipur as the venue of
        AFP  -  378 words
      • Article, Illustration
        Lock icon Baseball
        203 11 AFP SAN FRANCISCO San Francisco's Barry Bonds stole his 300 th career base here on Tuesday, joining a select group of major league players who have 250 home runs and 300 steals in their careers. Bonds, who turned 30 on Sunday, matched the feat achieved by his father Bobby
        AFP  -  203 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      86 11 j Wmn BmE TMm W i| I Townhouse/Bungalow from :< Asloo,ooo-A5200,000. i! I ("GOLD COAS*IJ Freehold land from 5 acres to 10 acres from A 525,000 per acre ;j *25 minutes to Gold Coast 0/ d°WNpAyMENT BaIaNCE SpREAd OVER j| Westin Stamford, Level 4, Bailey Room !j on the 30th
      86 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      914 12 Nothing Beats A Bud. H fcjyfl where t w,ne > dine and entertain Or FRESH PASTA BDAILY. F From Pasta Fresco. The only restaurant to make its own specialty pasta. Fresh. everyday. Savour perfect pizza, great y gekrtt and terrific tiramisu. All topped with Italian hospitality. Potta frttca Da Salvatvn
      914 words
    • Advertisement
      Page 12 Advertisements Column 2
      372 12 Emouglio jhiiioiigiio Enonigko I 'Enough is enough. 35 appetisers, 20 desserts p(us 4 main courses. Hfun our guests start on the appetiser spread at our monthly international lunch Buffet, they never finish. Infact, they always endup conceding that theyve had more than enough. Come try it to believe. lQn 'Jot
      372 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Eat, drink and enjoy — on screen
      1103 13  - Eat, drink and enjoy on screen Suzanne Hamlin looks at the movies in which food takes on a memorable, tantalising role Suzanne Hamlin NYT FROM the opening sequence of Eat Drink Man Woman. it's apparent that food is not just an accessory in the film. It's a pivotal character, as
      NYT  -  1,103 words
    • Article, Illustration
      Lock icon Janet Jackson raises funds for Rwandan refugees
      602 13 CHATTERBOX AP AP AP AP UPI AP JANET JACKSON sang for Rwandan refugees this week. Jackson, who performed at Radio City Music Hall in New York on Tuesday and yesterday, donated the proceeds towards an airlift for the refugees, who are dying by
      AP; UPI  -  602 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      68 13 'Uhe hottest pick-up place. Caper's Smart Lunch. At only $21.50*'', it's also a smart choice. For you will enjoy the best of Asian favourites and Continental delights while soaked in the absolute comfort and plushness of The Regent. Capers, the pick of smart lunches. i the I OZemit I V
      68 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1268 13 I TV RADIO Lou Diamond Phillips does a t vivid portrait of Ritchie Va- '9 life. His Come On l.et's Bamba are Richard and Chuck Berry. >* Sunshine Friends, J 10.30pm, SBC With its two popular pro- grammes, the Mars TV. led by f+MLjBKk-i Mrs Ba. beats the Larth TV
      1,268 words
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  • Article
    ARF the alternative peace-watcher?
    522 14 BOtTOWAL HOW fortunate it was that everyone of the 18 participants at the first meeting of the Asean Regional Forum (ARF) in Bangkok realised that with the end of the Cold War, a new balance of interests had to be struck among Asia-Pacific nations. And the
    522 words
  • WHAT THE OTHERS SAY
    • Article
      Another step towards peace
      242 14 THE SIGNING of the friendship pact between Israel and Jordan on Monday was foreshadowed by last September's Israeli-Palestinian peace treaty. Indeed, the fact that Jordan is the most moderate of Israel's immediate neighbours made it a matter of time before a treaty would be signed following
      242 words
    • Article
      Good start to building trust
      127 14 THE COUNTRIES taking part in the Asean Regional Forum in Bangkok differ widely from each other in economic power, political system, culture and history. If these countries try to disregard these differences and impetuously take up problems in which their interests conflict, that could lead
      127 words
    • Article
      Welcome aboard, Vietnam
      177 14 VIETNAM is going to be the next Asean member. True, Vietnam was Asean's main threat in the past. But it was the threat of communism, especially the scare of fallen dominoes among non-communist countries of the region that brought Asean together as a cohesive regional body. Even
      177 words
    • Article
      Increasing Asean clout
      183 14 ASEAN has evolved into a powerhouse for economic development and cooperation and is seen by Indochina as a role model and worthwhile partner. Although Asean is a regional body imitating the European Union, it is not seeking regional unification like the latter. Therefore, Asean will continue to
      183 words
    • Article
      Help thy neighbour
      152 14 THE Indochinese states have great potential but do not have the expertise, technology or the capital to exploit their resources. Asean is in a position to lend a helping hand in many areas. No one in Asean is starry-eyed enough to expect overnight results. But the first
      152 words
    • Article
      Asean hypocrisy on East Timor
      158 14 IN THE almost 19 years since Indonesia's invasion and illegal annexation of East Timor, Asean leaders have uttered virtually no voice of protest. Instead, they have completely turned their backs on the country and its people. The simple reason appears to be that they have
      158 words
  • Article, Illustration
    Economic recovery now nearly worldwide
    816 14  -  Samuel Brittan finds reason for cheer, noting that the present business cycle has much in common with that of the 1980s Samuel Brittan The writer is a columnist with Financial Times, where this article first appeared THERE is now strong evidence that economic recovery is
    816 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      331 14 I come across many will cover a range of I weeks. Many of you would probably have a questions left unanswered and a couple of issues Why invest in the Gold Coast? to resolve regarding investing overseas. When to invest in the Gold Coast? H Living up to ERA, Ist1
      331 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      77 14 r rtn f\rst f\LPwß&eT\c*u-y. j to see. youwe /wM.ie THt bossison A >J T w BIGGS.^f I RDCR IHQUPFV/ I'n IS CHBRGC..J \pvrjp M \&QK'faP— (wo "yooPC MOT V _J e*nocuTnMMMNMUD,M»«M t *z*o DOONESBURY GARRY TRUPEAU lcck jbkbmy. tue*a a/rwrm rns i»eiß Z VUQN6 ABOUTHTBKT CHHCNTHAT&tmonNr tSNTTHAT VUBU. I SQ
      77 words
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  • ANALYSIS
    • Article, Illustration
      'Second-half 1994 looks good for China'
      2465 15  -  Peter Seidlitz interviews China's Minister of Finance Liu Zhongli in Beijing Peter Seidlitz The writer is the Beijing-based Far East and China Correspondent for Handelsblatt. the German dailyfinancial and business newspaper QUESTION: Since we talked last year you can claim some successes: the currency
      2,465 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      108 15 BUSINESS T I M_^E_S__ TOLL-FREE TEL. No. 1-BQO-741-1333 FAX:74I-1298 LAND FOR SALE/JOINT VENTURE next to Malaysia's largest //fl Hill Resorts available y\ Jsy for sale or joint jCOUNTRYaUR^ venture development f( |j§& seiesa ma Freehold -170 acres. BATU CAVES Eastern foothill of Genting Highlands ff Resort Casino. w— \nT (N)
      108 words
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  • Article
    Lock icon Global panel issues guidelines on managing risk in derivatives
    459 16 AP. Reuter BASEL A key international panel of banking regulators yesterday issued guidelines on managing risk in the booming US$lB trillion (Ss27 trillion) global market in derivatives. The 19-page report by the Basel Committee on Banking Supervision puts the burden on
    AP.; Reuter  -  459 words
  • Article, Illustration
    Lock icon Tales of Olympic heroes
    65 16 Reuter SYDNEY Australian Prime Minister Paul Keating (left) listening to Dune Gray, 96, Australia s oldest living Olympian who competed at the 1928 Games in Amsterdam, at the launch of a book yesterday on the history of Australians who took part in the Olympic Games. Australia
    Reuter  -  65 words
  • Article
    Lock icon EU sets conditions for aid to Air France, Olympic Airways
    461 16 Reuter, AFP BRUSSELS The European Commission yesterday cleared 20 billion francs (555.5 billion) in state aid for Air France but linked approval to a series of strict conditions. The Commission also approved a 545-billion drachma (553.4 billion) rescue plan for
    Reuter,; AFP  -  461 words
  • Article
    Lock icon Kantor seeks bigger foreign share of Japan's chip market
    435 16 Reuter AFP Bloomberg Business News, WASHINGTON US Trade Representative Mickey Kantor has called for a further rise in the foreign share of Japan's computer chip market after the two nations agreed to continue their semiconductor pact for two more years. "We
    Reuter; AFP; Bloomberg Business News,  -  435 words
  • Article
    Lock icon US durable goods orders jump 1.3pc in June
    361 16 AP, Reuter WASHINGTON Orders to American factories for big-tick-et durable goods shot up 1.3 per cent in June, the United States government said yesterday, the latest sign that the manufacturing economy remained robust as the second quarter closed. The sharp increase puts
    AP,; Reuter  -  361 words
  • Article
    Lock icon Vacancy levels in KL office market seen rising
    319 16 MBT KUALA LUMPUR The addition of 307,000 sq m of space to Kuala Lumpur's office market this year will see vacancy levels rise by 5 percentage points, according to Colliers Jordan Lee and Jaafar Sdn Bhd. "At the start of the year,
    MBT  -  319 words
  • Article
    Shanghai to sell US$500m package to build and manage new bridges
    238 16 HONGKONG The Shanghai municipal government has decided to put on sale a US$5OO million (***** million) package which includes the management rights over its two newly-built bridges linking the old city of Shanghai and the Pudong area. Sources yesterday
    238 words
  • Article, Illustration
    Australia's double standards in trade diplomacy
    821 16  -  The Bottom Line PETER OSBORNE PETER OSBORNE The writer is a BT journalist THE ANNOUNCEMENT by the Australian government earlier this month declining to link trade and labour standards, by imposing restrictions on imports from countries accused of exploitive labour practices, will be well-reccived
    821 words
  • Article
    Lock icon Angry clients ransack Beijing brokerage offices
    236 16 AFP BEIJING More than 180 angry Beijing residents who invested US$2.6 million (553.9 million) in the foreign exchange market in Hongkong ransacked their broker's offices after learning it was to shut down operations. The Beijing Youth News yesterday said the closure of the Yanxing
    AFP  -  236 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 17 Firm 'Market Mood' indicates the likely trading sentiment today, hasi'd on brokers polled at 5-6pm yesterday. Owrnight events may alter sentiment. Brokers polled: Alliance. Barings. Fraser. OA iioh. Morgan <Jrenfell. Nomura. OngCo. Smith New Court. H I Carr. S(J Warburg.
        42 words
      • Article, Illustration
        HOT STOCK
        150 17  -  By Paul Leo Lim Kah Ngam will rise towards $2.10 in medium term. Weekly Relative Strength Index is below 25, indicating an oversold situation. Weekly Moving Average Convergence-Divergence Indicator is in bullish territory and about to signal a buy. The 5-day moving average line has crossed the 15-day
        150 words
    • Article
      HL Finance to have foreign tranche quoted on SES
      359 17  -  Move a first for finance companies By Paul Leo SINGAPORE Hong Leong Finance will be the first finance company to have a foreign tranche quoted on the Stock Exchange of Singapore. SES announced in a circular yesterday that there will be
      359 words
    • Article
      Omni Mold launches IPO of 20m shares at 35 cents each
      284 17  -  By Shiv Taneja SINGAPORE Electrical industries mould maker Omni Mold yesterday launched an initial public offer of 20 million new five-cent shares at a fixed price of 35 cents each. The shares, to be listed on Sesdaq, represent 28.21
      284 words
    • Article
      Richard Li company goes ahead with offer for Seapower
      280 17 SINGAPORE Pacific Century, a company owned by Richard Li, son of Hongkong tycoon Li Ka-shing, is proceeding with a $120.4 million general offer for shares of Seapower Asia Investments. In a statement yesterday, the Hongkong-based company said it has exercised an
      280 words
    • Article
      New minimum shareholders' funds rule will halve number of finance companies
      1021 17  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE By the end of the decade, smallish finance companies such as Soon Teck, Nanyang, Kiaw Aik Hang, Lian Huat Hang and Island Finance might be names of the past. They are likely
      1,021 words
    • Article
      JC-MPH fails to gain controlling stake in Players
      389 17  -  From Florence Chong in SYDNEY IN A SERIOUS setback. Jack Chia-MPH has failed to gain a controlling interest in Players Group Ltd, the Austrajian biscuit manufacturer. But it is too soon to write off the game as far as the Singapore-based investor
      389 words
    • Article
      FELS wins US$11m deal
      82 17 SINGAPORE Rigbuilder Far East Levingston Shipbuilding (FELS) has clinched an US$ll million (5516.6 million) contract from a US firm. FELS said yesterday it would design and build a drilling module to be used in the North Sea for Santa Fe Drilling Operations, a subsidiary of Santa
      82 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          ABR Holdings unit changes name
          36 18 SINGAPORE ED Fairwood's BV, a wholly-owned subsidiary of ABR (HK), has changed its name to Lawry's Corp BV. ABR (HK) is a subsidiary of ABR Holdings, which made the announcement yesterday.
          36 words
        • Article
          Giken Sakata appoints new president
          20 18 SINGAPORE Giken Sakata (S) managing director Sakae Yokota has been appointed president of the company.
          20 words
        • Article
          Lock icon Green light for Orix Leasing float
          89 18 MBT KUALA LUMPUR Antah Holdings Bhd has received the approval of the Ministry of Finance for its proposed flotation of United Orix Leasing Bhd (UOL) and has appointed the Commerce International Merchant Bankers Bhd as underwriter. The proposed listing of UOL on the main
          MBT  -  89 words
        • Article
          Lock icon PT Inco posts US$7.4m profit in 2nd qtr
          120 18 Knight-Ridder LONDON PT International Nickel Indonesia (PT lnco)has announced unaudited net earnings for the second quarter of 1994 of US$7.4 million (SS 11.17 million), or 3 US cents a share, compared with US$3.5 million, or 2 US cents a share, in the
          Knight-Ridder  -  120 words
        • Article
          Lock icon Sahaviriya Steel shares fully taken up
          90 18 Bloomberg Business News BANGKOK All 78 million shares of Sahaviriya Steel Industries pic, available over the past week in an initial public offering, have been sold, according to the company's lead underwriter. Seventy per cent of the shares were sold to institutional investors for
          Bloomberg Business News  -  90 words
        • Article
          Lock icon Asim shareholders in joint-venture accord
          72 18 Bernama KUALA LUMPUR The shareholders of Associated Steel Industries (M) Sdn Bhd (Asim), a 65 per cent owned subsidiary of Nam Fatt Bhd, have entered into a joint-venture agreement. Apart from Nam Fatt, the other shareholders of Asim are Sanko Metal Industrial Co Ltd and
          Bernama  -  72 words
        • Article
          Lock icon MTD Capital unit wins highway deal
          65 18 Bernama KUALA LUMPUR MTD Construction Sdn Bhd, a whollyowned subsidiary of MTD Capital Bhd, and MTD Prime Sdn Bhd have been awarded the concession to privatise the Kuala Lumpur-Karak Highway. A MTD Capital statement yesterday said MTD Construction and MTD Prime would sign several
          Bernama  -  65 words
      • Article
        Berjaya Sports Toto earnings soar to M$98.7m
        524 18  -  From Ho Kay Tat in KUALA LUMPUR BERJAYA Sports Toto Bhd, the gaming concern of tycoon Vincent Tan Chee Yioun, has reported a sharp rise in net profit for the year ended April 30, 1994 to M 598.783 million (5557.76 million) from M$
        524 words
      • Article, Illustration
        Idris to take 30pc stake in Sabah mill
        454 18  -  From Ho Kay Tat in KUALA LUMPUR IDRIS Hydraulic (M) Bhd will buy a 30 per cent stake in a Sabah plywood mill owned by timber giant Aokam Perdana Bhd, its managing director Ishak Ismail said yesterday. "The final points of the
        454 words
      • Article
        Berger's interim earnings up 21pc to $1.7m
        289 18 SINGAPORE Singaporebased paint giant Berger International has lifted interim net earnings 21.7 per cent to $1.7 million on a 35 per cent rise in sales to $25.8 million. Berger was incorporated here in December last year as the holding company for the paint
        289 words
      • Article
        UNIT TRUSTS & FUNDS
        536 18 UNIT TRUSTS FUNDS MlHpn' pritM (t) Jul 28 Japan Gr Fund 1.22 I 27(« Msta Gr Fund 119 l.23£ Swgapfg Umt Trust Sh T«in City Fund 109 I I The Commerce 161 1.70 Shcnlon Incomc 0 999 1 009(« The Savings Fund 1.52 1.61 Shcnlon Thnfl Fd 1.34 134(8 S'pore
        536 words
      • Article
        San Miguel first half profits soar a sparkling 40pc
        343 18  -  From Al Labita in MANILA PROFITS at food and beverage giant San Miguel Corp (SMC) rose 40 per cent to 2.234 billion pesos <S$ 125 million) in this year's first half. SMC said yesterday the profit was on account of higher
        343 words
      • Article
        Foreign investors snap up Thai securities
        128 18 BANGKOK Foreign investors were net buyers of Thai securities last week, according to Stock Exchange of Thailand data. The Bangkok Post said on Tuesday that analysts believed this development stemmed from the flow of foreign funds away from the appreciating yen. According to SET
        128 words
      • Article
        SNP rolls in 77pc rise in interim profit at $1.46m
        189 18 SINGAPORE Singapore National Printers (SNP) announced yesterday that its net earnings jumped 77.3 per cent to $1.46 million for the halfyear ended June 30, compared with last year's corresponding half of $823,000. Group turnover only increased 4.3 per cent to
        189 words
      • COMPANY BRIEFS
        • Article
          Lock icon BMW's first-half earnings up 14pc
          72 20 Reuter MUNICH German luxury car and motorcycle maker BMW said yesterday its first-half net profit leapt 14 per cent and that full-year production and sales would be higher than the recessionhit 1993. Bayerische Motoren Werke said in an interim report its group net profit for
          Reuter  -  72 words
        • Article
          Lock icon Allianz earnings rise nearly 70pc
          96 20 Reuter MUNICH Allianz AG Holding, Europe's largest insurance group, yesterday reported a rise of nearly 70 per cent in 1993 profits and said it was expecting another improvement this year. But the company's shares failed to benefit from what dealers said were better than forecast
          Reuter  -  96 words
        • Article
          Lock icon Ford second quarter up US$1.7b
          68 20 Reuter DEARBORN, Michigan Ford Motor Co yesterday said it earned a profit of US$l.7l billion (552.6 billion) in the second quarter, up from US$775 million in the same period last year. The nation's second largest automaker said the profit translated into earnings of US$l.63 a
          Reuter  -  68 words
        • Article
          Lock icon BAT pre-tax profit down 4.2pc
          73 20 Bloomberg Business News LONDON BAT Industries pic said second-quarter pre-tax profit fell 4.2 per cent, although the year earlier figures included one-time gains. The results "disguise a much better underlying performance from both financial services and tobacco." said chairman Patrick Sheehy. BAT, a tobacco and
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Euro Disney cuts operating losses
          90 20 Reuter PARIS Euro Disney, the troubled theme park outside Paris, yesterday said its operating loss narrowed dramatically in its third quarter as the first effects of a refinancing package came through. The company said its April-June net loss before a one-off charge was 194 million
          Reuter  -  90 words
        • Article
          Lock icon Cathay chief sees patchy improvement
          95 20 Reuter HONGKONG Cathay Pacific Airways Ltd chairman Peter Sutch said the airline market had improved but had yet to climb out of a worldwide slump. "The outlook looks a little bit better at the moment," said Mr Sutch. But he added, "the market generally is
          Reuter  -  95 words
        • Article
          Lock icon Bethlehem shows profit in 2nd quarter
          56 20 AFP BETHLEHEM, Pennsylvania Bethlehem Steel, the leading US steelmaker, said yesterday it made a net profit of US$26 million (5539.3 million) in the second quarter, after showing a loss of US$ 13.6 million in the same period last year. Earnings per share for the
          AFP  -  56 words
      • Article
        Lock icon Deutsche Bank's operating profit inches up 1pc
        275 20 FT FRANKFURT Deutsche Bank managed a one per cent rise in first-half operating profit to 2.66 billion Deutschemarks (552.55 billion), despite a sharp fall in earnings from own account trading. The results were bolstered by a 46 per cent reduction in new provisions
        FT  -  275 words
      • Article, Illustration
        Lock icon New Independent editor
        35 20 Reuter LONDON lan Hargreaves, newly-appointed editor of The Independent, appeared at a photocall on Tuesday. Mr Hargreaves, taking over from founder Andreas Whittam Smith, joins the paper from the Financial Times. Reuter
        Reuter  -  35 words
      • Article
        Lock icon Profit forecast for Hongkong Land cut back
        201 20 Bloomberg Business News HONGKONG Schroder Securities is cutting its 1994 profit forecast for Hongkong Land Holdings because associate Trafalgar House pic is taking a charge of at least £15 million (5534.95 million) to revamp its engineering business. The securities house has reduced its
        Bloomberg Business News  -  201 words
      • Article
        Lock icon New IBM unit to form network for corporations
        215 20 Reuter ARMONK, New York International Business Machines Corp said it has formed a new unit, called the IBM Global Network, which will be dedicated to turning IBM's computer networks into an Inter-net-like network for corporations. IBM said the unit will develop and
        Reuter  -  215 words
      • Article
        Lock icon Bechtel, Citic in tie-up to manage development of US$3b China port
        230 20 Bloomberg Business News HONGKONG US construction and engineering group Bechtel Inc has set up a joint venture with China International Trust and Investment Corp (Citic) to manage development of a USS3 billion (554.5 billion) to USS6 billion port planned
        Bloomberg Business News  -  230 words
    • CORPORATE FOCUS
      • Article, Illustration
        Great teamwork and new MD brought back the profits
        1557 19  -  Behind Jack Chia-MPH's dramatic turnaround By Chuang Peck Ming SINGAPORE Jack ChiaMPH made $16.96 million in the year ended March 1994 its biggest net profit in the past decade. But what made this result even more remarkable was that it came
        1,557 words
    • FINANCE & COMMODITIES
      • Article
        Shanghai-based bank opens rep office in S'pore
        345 21  -  By Quak Hiang Whai SINGAPORE The influx of Chinese banks into Singapore continues as Shanghaibased Bank of Communications (BOC) opens its representative office today. Wang Ming Quan, president and vice-chairman of BOC. said yesterday that the state-owned bank planned to upgrade into an
        345 words
      • Article
        DBS Bank applies to open branch in Shanghai
        217 21 SINGAPORE DBS Bank has applied to the Chinese authorities to open a branch in Shanghai. A DBS official confirmed this yesterday but declined to give further details. If the application is approved, the branch will be the local bank's second unit on
        217 words
      • Article
        Lock icon Judge approves US$100m Salomon settlement
        340 21 Reuter NEW YORK A federal judge on Tuesday approved a US$lOO million (S$ 150 million) settlement of a bondholders suit alleging that Wall Street powerhouse Salomon Brothers Inc broke anti-trust laws in the 1991 Treasury bond scandal. However, United States District Judge Robert Patterson ruled
        Reuter  -  340 words
      • Article
        Lock icon Bank Negara chief signals tough stance against fraudsters
        390 21 Bernama KUALA LUMPUR Bank Negara Malaysia is prepared to take a ruthless stand against bank frauds, to the extent of banning fraudsters from employment in the banking sector, Governor Ahmad Mohd Don said yesterday. He said the stern stand included other normal
        Bernama  -  390 words
      • Article
        Lock icon Foreign banks will meet Sep 1 deadline: Bank Negara
        127 21 Bernama KUALA LUMPUR Bank Negara Malaysia is confident all foreign banks will meet the Sep 1 deadline for local incorporation of their businesses. Governor Ahmad Mohd Don said yesterday that as far as the central bank is concerned, all the banks
        Bernama  -  127 words
      • SMALL CHANGE
        • Article
          Lock icon HK firm to raise US$20m bank loan
          84 21 Bloomberg Business News HONGKONG Watch maker Egana International will raise US$2O million (5530.2 million) through a syndicate of banks led by Standard Chartered Asia Limited. Standard Chartered said it is arranging the three-year loan, which will pay interest at 1.50 per cent over
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Bank Islam to open Penang branch
          51 21 Bernama PENANG Bank Islam Malaysia Berhad (BIMB) will open its second branch here on Saturday. BIMB Penang manager Abdul Rahman Hadi said the branch would be located in Wisma Khai Weng. Greenhall. The bank's first branch in the state is in Taman Selat, Butterworth.
          Bernama  -  51 words
        • Article
          Lock icon Fuji Bank plans Mexico subsidiary
          84 21 Knight-Ridder WASHINGTON The US unit of Japan's Fuji Bank plans to establish a subsidiary in Mexico under the North American Free Trade Agreement, KyoJo news service quoted informed sources as saying yesterday. This will make Fuji the first Japanese banking institution to break into the
          Knight-Ridder  -  84 words
      • Article
        Lock icon Merrill to underwrite Cheung Kong bond sale
        266 21 Bloomberg Business News HONGKONG Merrill Lynch is preparing to underwrite an approximately HKS7OO million (S$ 136.7 million) sale of mortgage-backed bonds for Cheung Kong Holdings, one of Hongkong's largest property developers. In a copy of the marketing summary, dated July 18, Merrill said
        Bloomberg Business News  -  266 words
      • Article
        Lock icon Mobil Oil M'sia to start work next month on M$38m terminal
        436 22 Bernama PORT KLANG Work is set to begin on Mobil Oil Malaysia Sdn Bhd's largest terminal, being built at a cost of MS3B million (Ss22 million) as part of a drive to strengthen its distribution network in Malaysia. The
        Bernama  -  436 words
      • Article, Illustration
        Lock icon Petronas signs LNG deal with Japan's Tohoku
        481 22 Reuter KUALA LUMPUR Malaysia's state oil company has signed a long-term agreement to supply 500,000 tonnes of liquefied natural gas annually to Japan's Tohoku Electric Power Co. The contract is worth around US$3OO million (***** million) annually at current oil prices, said Azizan
        Reuter; AFP  -  481 words
      • Article
        Lock icon Australia's Stirling buys stake in Indonesian oilfield
        184 22 Reuter PERTH Stirling Resources said it would acquire a 16 per cent stake in an Indonesian production sharing contract (PSC) area which includes the Camar oil and gas field oft" Java, effective from Aug 3. Stirling will acquire the stake in the Bawean
        Reuter  -  184 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        152 22 NEGATIVE sentiments over the US dollar is again resurfacing amid political concerns over the opening of Whitewater investigations. The apparent lack of progress over the US-Japanese trade talks also weighted down on the greenback. The Singapore dollar cased toward 1.5105 in early trade before falling
        Charts by Dow Jones Telerate  -  152 words
      • Article, Illustration
        Lock icon Untitled
        1482 22 Base year: 1985 US$/S$ forward rates Noon July 27 s$ Bid Offtt I-month 1 5077 1.5091 '-month ***** ***** J-month' 1.5053 1.5067 6-month 1.5007 1 5027 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mr on July 27 Singapore dollars to one unit of foreign currency Currencies Bid Oficr Australian
        Base year: 1985  -  1,482 words
      • Article
        Lock icon New York
        79 22 AFP NEW YORK The dollar weakened against the other major currencies in early trading yesterday after the publication of new figures showing a higher-than-expected increase in orders for durable goods. By late morning the dollar was trading at 1.5760 marks, against 1.5837 at the close of the normal
        AFP  -  79 words
      • Article
        Lock icon London
        210 22 Reuter LONDON The dollar lost a pfennig on the day as strong US data unnerved US bond markets once more and fed through to the currency. June durable goods orders rose 1.3 per cent after an upwardly revised 1.2 per cent gain in May. higher than market expectations for
        Reuter  -  210 words
      • Article
        Futures surge as supply from Nigeria is cut
        187 22 Bloomberg ENERGY REPORT LONDON Crude oil futures surged after the Royal Dutch/Shell Group said it wasn't able to export from Nigeria because of a three-week old strike by local oil workers. September Brent crude here soared 37 cents to US$lB.O2 a barrel,
        187 words
      • Article
        Lock icon Indonesia's tea output expected to fall this year
        360 22 Reuter JAKARTA Indonesia's tea production is expected to decline this year because of a long drought and low prices, a plantation official said on Tuesday. It produced 160,000 tonnes of tea last year. Before the drought, output had been expected to increase
        Reuter  -  360 words
      • Article
        Lock icon S Africa's Gencor paying US$1.1b for Shell's metal, mineral assets
        441 22 Reuter JOHANNESBURG South African mining house Gencor said on Tuesday it was to buy extensive Royal Dutch/Shell Group metal and mineral assets in a deal that would make it one of the world's most diversified resource groups. This entailed the
        Reuter  -  441 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures close higher on firm yen
        1229 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended higher yesterday on the back of a firmer yen, dealers said. Dealers said that sentiment for Euroyen was boosted mainly by the strong yen against the US dollar but volume was relatively light. A senior
        Reuter  -  1,229 words
      • Article
        Tokyo rubber futures at limit lows
        706 23 COMMODITY REPORTS Rubber TOKYO: Rubber futures for Aug-Dec plunged by the daily price limit of 7.5 yen per kg on hedge selling by Japanese trading houses. Benchmark January was just ofT the limit lows, closing down 7.1 yen at 119.3. "I suspect the slump
        706 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Mauritius exporting more sugar
          91 23 LONDON Mauritius' sugar exports were up by 89.3 per cent in May over the same month last year, the Mauritius Sugar Syndicate reported. Exports for the month stood at 34,221 tonnes, with European Union destinations (32,447 tonnes) particularly the United Kingdom (30,545 tonnes) accounting for the
          91 words
        • Article
          Japan's copper products output up
          105 23 TOKYO Japan's production of rolled copper products and copper alloys totalled a preliminary 102,580 tonnes in June, up 4.8 per cent from actual production a year before, according to a report released yesterday by the Japan Brass Makers Association. That level is also up from
          105 words
        • Article
          Japan rice crop maturing well
          140 23 TOKYO Japan's rice crop as of July 15 is maturing well ahead of average years on beneficia weather marked by high temperatures and abun dant sunshine in most growing areas, the Ministry of Agriculture, Forestry and Fisheries said yester day. Crop progress in a few
          140 words
    • Article
      COMMODITY PRICES
      1379 23 Rubber Singapore Commodity Exckango (futures dosing as at 5.30p«) KSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest AHgl4 221.00 221.00 214.00 200 350 Sep 210.00 450 3300 Oct 198.75 198.25 197.50 550 4375 Nov 198.75 198.25 191.00 100 4325 Dee 200 00
      1,379 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1043 24 +0.4 SHARES ended slightly firmer yesterday as inflation data for the three months to June prompted only a marginal reaction among investors. The key All Ordinaries Index finished at 2,041.7 points, just 0.4 above Tuesday's close. The All Industrials closed 4.7 weaker at 2,996.0 while the All Resources climbed
        1,043 words
      • Article
        Manila
        672 24 +56.07 Share prices bounced back yesterday, rising 2.05 per cent as investors searched for bargains. The PSE Composite Index rose 56.07 points to close at 2,784.60. Turnover rose to 989.9 million shares valued at 1.143 billion pesos. No major development seems to have influenced the rebound and it was
        672 words
      • Article
        Taipei
        582 24 -65.88 The Taiwan bourse posted modest losses due to profit-taking arising from three previous winning sessions, with banking and insurance shares and construction issues hit hardest. The 376-issue Weighted Price Index lost 65.88 points to settle at 6,661.34. Turnover dwindled to 1.98 billion shares valued at NT590.54 billion. The
        582 words
      • Article
        New Zealand
        302 24 +6.75 Shares gained for the second successive day, led by gains in Telecom and other major stocks. Increases in the share prices of Telecom, which accounts for more than 20 per cent of the NZSE-40 index, Brierley and Lion Nathan more than offset declines in other shares. The
        302 words
      • Article
        Seoul
        456 24 -0.98 Shares ended mixed to weaker yesterday as the index fell for the third consecutive day. The Composite Price Index dropped 0.98 point to close at 934.22. Trading was boring with 27 million shares worth 590 billion won changing hands. Falls outnumbered rises 527 to 238, with 137 counters
        456 words
      • Article
        Bombay
        91 24 -9.72 Share prices edged down at close on selling ahead of today's end of account in both specified as well as cash group shares. Most prices fell but selected shares in the B group rose on buying by foreign investors who were doing "pick and choose buys", one broker
        91 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        877 24 Britannia Funds Sterling Cash Bid Offer Mim C ap Drpoul J* MOO JS 6500 Mim Jersey (rift .0.114) 0.1992 Mim Ma» Income ****** *0 9*00 LSI Cash Income Phis Fund 9300 10 4600 PS S Reserve Fund 5 2100 5 2900 Sterling Equity Euro mforiunce .0.4592 0 493# Far East
        877 words
      • Article
        London
        712 24 -34.9 STOCKS fell amid concern the US economic growth is strong enough to prompt a fifth rise this year in US interest rates. Bonds pulled stocks lower after a higher-than-expec-ted 1.3 per cent rise in orders for US durable goods, which are big-ticket items ranging from washing machines to
        712 words
      • Article
        Paris
        189 24 -21.15 French stocks fell, more than giving up Tuesday's gain, led down by oil companies and insurers. "There's a strong feeling all over the place today that it's a very good time to take some profits," said a trader. "We've been telling our clients to sell." The CAC 40
        189 words
      • Article
        Stockholm
        144 24 -8.13 Sweden's benchmark index fell as the weaker dollar deterred US investors. The OMX Index of 30 leading stocks fell 8.13 points to close at 1,131.20. Seven stocks rose, 20 declined and three were unchanged. "The dollar was weak against the kronor," said a trader. "American investors weren't interested
        144 words
      • Article
        Frankfurt
        187 24 -27.39 GERMAN stocks extended earlier losses in post-bourse trading as the potential impact of the dollar's weakness on exporters' earnings continued to deflect attention from good corporate results. The DAX Index closed at 2,135.93 points, down 27.39 for the day. Car maker BMW yesterday morning said that net profit
        187 words
      • Article
        Zurich
        238 24 -59.50 Swiss shares plunged 2.3 per cent, reversing a week of gains, as the dollar's weakness triggered selling in Roche Holding and Nestle The SMI Index of 23 leading stocks lost 59.50 points to close at 2.544.90, with all but one stock falling. Traders said the market didn't plummet
        238 words
      • Article
        Toronto
        243 24 -30.00 Stocks continued their downward march at midday as bond markets remained under pressure from unexpectedly high US durable goods data. Sharp losses in most sectors overwhelmed gains in gold and precious metals and real estate. The TSE 300 Composite Index was down 30.00 points at 4,119.90 in midday
        243 words
      • Article
        New York
        668 24 -15.21 The Dow Jones Industrial Average, which retreated 6.16 points on Tuesday, was down 15.21 points to 3,720.47 at Nam EDT. The New York Stock Exchange Composite Index was off 0.56 to 249.68, while Standard Poors 500-stock Index was down 1.07 to 452.29. Declines topped advances 1,040-609 among
        668 words
      • Article
        Brussels
        141 24 -1.40 Belgian shares ended steady with a lower bias in thin trade but dealers said they feared the Bel-20 Index will plough into negative territory in the next few days. The Bel-20's 1,450-point support level held. It closed 1.40 points down, at 1,450.52 with merely 650 million francs worth
        141 words
      • Article
        Milan
        182 24 -194 Italian stocks tumbled for the third day as Prime Minister Silvio Berlusconi's woes mounted after an arrest warrant was issued for the brother. The Mibtel Index fell 194 points, to 11,051. "It was all very predictable," said a trader. "It couldn't go any other way." An arrest warrant
        182 words
      • Article
        Amsterdam
        243 24 -0.67 Dutch stocks closed mixed as the falling dollar threatened to erode profits of the companies that have substantial exports to the US. The EOE Index of the 25 leading stocks was down 0.67 point to 404.29, led lower by Royal Dutch Petroleum, insurer Aegon and food and consumer
        243 words
    • Article, Illustration
      Lock icon HONGKONG
      3038 25 Bloomberg Business News HONGKONG Stocks rose for a fourth day after a successful government land auction on Tuesday bolstered investor confidence in real estate-relat-ed shares. Investors watch the real estate market for indications on the outlook of stocks because many listed companies derive a large share ot their revenue
      Bloomberg Business News; Source: Bridge Info  -  3,038 words
    • Article, Illustration
      Lock icon CHINA
      533 25 CLSA THE Shanghai B market rose 13.48 points to 761.19 on turnover of US$2.2 million. Tyre Rubber was the most actively traded stock, up 2.3 per cent on turnover of US$5OO,OOO The best performing stock was Refrigerator, which increased by 7.1 per cent on thin trading. The Shenzhen B
      CLSA  -  533 words
    • Article, Illustration
      Lock icon TOKYO
      2543 25 Reuter TOKYO Stocks closed sharply lower on selling of export-ori-ented high-tech shares and arbitrage-linked selling led by weakening futures prices, brokers said. Foreigners sold high-tech electrical shares on fears that a firm yen will delay a recovery in earnings, they said. "Market sentiment is not very good the Nikkei
      Reuter; Source: Bridge Info  -  2,543 words
    • Article, Illustration
      Lock icon BANGKOK
      1797 25 Reuter BANGKOK Stocks closed higher in active trade fuelled by institutional buying. The SET Index rallied 21.14 points to 1,367.64. Turnover was a heavy 10.76 billion baht. Rises led falls 169 to 132. "Institutional investors are accumulating stocks, especially in the communications, finance and banking sectors." said a broker.
      Reuter; Source: Bridge Info  -  1,797 words
    • Article, Illustration
      Lock icon JAKARTA
      1147 25 Reuter JAKARTA Share prices closed lower in dull trade, with the market apparently unaffected by rises in foreign investment approvals. but more concerned over interest rate trends and too many new issues, brokers said. One analyst said: "Stocks here are not cheap despite recent falls. Banks here are traded
      Reuter; Source: Bridge Info  -  1,147 words
    • Article
      CLOB INTERNATIONAL
      2285 26 MOST ACTIVE volume Sri Hartainas 4.795.000 till is H\d 50c 3.030.000 Promct 2.8IO.OOO Pub Bk Foreign 2.133.000 Mulpha Inll 50c I.9K9.000 B Rava TSR97 1.509.000 Kcnong Bhd 50c 1.370.000 Insis Bhd I 327.000 Fabcr uoup 1.042.000 Lien Hoc TSK97 1026.000 Mufti-Purpose 995.000 CASH 50c 946.000 Landmarks Bhd 902.000
      2,285 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks up for fourth day, led by Telekom
        5790 26 Bloomberg Business News KUALA LUMPUR Stocks rose for a fourth day, led by Telekom Malaysia and companies expected to announce strong corporate earnings. Investors were encouraged to bid prices higher after three banks said they will lower the interest rates they charge
        Bloomberg Business News; Source: Bridge Info  -  5,790 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7790 27 MAIN BOARD Transaction date: July 27 Gr Gr M »l JS Vol l>»> Quote l>" Div M Nrt ap A>( Hqtk l aw (Sal* 000) High U» Bu>er s r S t ,r P l: INDUSTRIAL AND COMMERCIAL 1440 835 I s .tan 965 -25 33 "WO %5 960 980
        7,790 words
      • Article, Illustration
        Lock icon Banking stocks slide in lacklustre trading day
        1818 28  -  By R Sivanithy SINGAPORE An indifferent overnight performance in New York led to an equally quiet day here yesterday, with losses in banking stocks and the continued rise in Creative Technology providing the main talking points. The Straits Times Industrials Index mirrored the
        Charts by Bridge Info; Source: Bloomberg  -  1,818 words
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      Page 17 Advertisements Column 1
      229 17 NEWS VALUE How today's news might affect your stocks Squeeze on margins (or IPO deals (pg I) Positive for investors. Merchant bankers likely to squeeze for more competitive pricing of IPOs in response. Goldtron, Nat Steel among creditors of Media Vision (Pg 0 Immediate impact on Nat Steel and Goldtron
      229 words
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      Page 18 Advertisements Column 1
      757 18 27th July, 1994 PACIFIC CENTURY GROUP (CAYMAN ISLANDS) LIMITED (Incorporated in the Cayman Islands) CONDITIONAL CASH OFFER FOR SEAPOWER ASIA INVESTMENTS LIMITED (Incorporated in Singapore) Baring Brothers Co., Limited ("Barings") announces on behalf of Pacific Century Group (Cayman Islands) Limited (the "Offeror") that, pursuant to option agreements dated 3rd May,
      757 words
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      Page 18 Advertisements Column 2
      6 18 Dividends table has been held over
      6 words
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      Page 18 Advertisements Column 3
      181 18 mm b«M Hp. 1000 DOMESTIC EXPORTS A REEXPORTS m piMwwpwin my** j_ p I The complete source of Hong Kong Information: (acta, figures, 10 I n M M establshments, the envVoment, etc. W H H H H H Packed wth beautiful photograph*. too HNMB 61 M Review chapter by Sir
      181 words
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      Page 19 Advertisements Column 1
      167 19 9 < Pursuing business opportunities can leave a smaller company wishing for more cash. W m m INTERNATIONAL FACTORS has a solution: Factoring. A unique financial service that Jr JL *L yI offers growing businesses immediate cash advances of up to 90% against their invoices. We also provide credit risk
      167 words
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      Page 20 Advertisements Column 1
      717 20 THE NEXT jj, e Tanjong Pagar Conservation Araa lies within the Chinatown Historic District. It Is an area rich in history and culture. The Government Is reviving it through URA's conservation V I programme. Part of the conservation programme is the URA's sale of conservation shophouses. Under this programme, some
      717 words
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      Page 21 Advertisements Column 1
      828 21 _|?-&!%*)$';?">:%^"|~\&/:;,;%~: LOST SHARE/WARRANT/ TRANSFERABLE SUBSCRIPTION RIGHTS/LOAN STOCK CERTIFICATES The Wowing Shar^Wanants(WrtsVTransferable Subscription Rjghts(TSßyLoan Stock(LS) certificates/together with the relevant signed transfer deeds have been reported lost or destroyed:FAR EAST LEVINGSTON SHIPBUILDING LTD Certificate No In the name of No. pf ShiTf» *****27/28 Victor Vtjayan Balakrishnan 2 x 1000(Wrts) GENERAL SECURITIES INVESTMENTS
      828 words
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      Page 21 Advertisements Column 2
      439 21 UNITED OVERSEAS BANK LIMITED (Incorporated In Mm flapubllc of Singapore) LOST CERTIFICATES Nonce is hereby gwen that the following certificates have been reported tost CertHtcrte Noa. Hfl.fltahif In the name of *****01-2 1 1.000 Overseas Union Bank Union Pte Lid *****20-5 1 250 Chu Peh Choenfl *****20-2 1 i 618
      439 words
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      Page 23 Advertisements Column 1
      289 23 MBBOURNE RESDMIAL OPPORIUMIY AWAnS YOU! Prime investment development site on Hume Highway in Craigieburn Potential sub-division of 108 lots. 8 hectares (20 aaes). appro*. Adjoins existing residential. IliEiAiJ 5 220 3888 Asking price $1.6 million. Sh-T Ss S^^?s: Ptoc I Ashley Wee Jim Williams O BMC9II9S BT BUSINESS TIMES TOLL-FREE
      289 words
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      Page 23 Advertisements Column 2
      40 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the fuH picture. Companies fit Markets. Everyday.'
      40 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      142 25 I Over 30 years of experience has led Svenson to the Single Hair System Jfifl Svenson Hair Center has helped thousands of people counteract hair and scalp B problems with their unique formulations based on research gathered from leading yat institutions the world over. With years of technological development the
      142 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      56 26 imj/fffij A Timely Investment. DICKSON WATCH 6-JEWELLERY (S) PTE LTD Hl^t —f I A wholly owned subsidiary of DICKSON CONCEPTS (INTERNATIONAL) LIMITED I jkHERMES A A Arf A Ji W 4 Mai DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore 0923 Tel: *****00 9 CENTREPOINT -176 Orchard Road
      56 words
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      Page 26 Advertisements Column 2
      4 26 Tomorrow in Business Times
      4 words
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      Page 27 Advertisements Column 1
      94 27 SINGAPORE: T! IK I lOUR GLASS Takashimaya Shopping Centre Tel: *****20/1 1 -ucky J\ //SWw Pla/a Tel: *****62/543 Scoitt Tel: *****27/7198 Centrepoini Tel: *****98/ f SA\ 603 Peninsula Pla/a Tel: *****09/*****63 Rallies Tel: *****41/1169 World V Trade Centre Tel: *****51 /1007 Changi Airport Terminal 1 (West Wing) Z*. Tel: *****60.
      94 words
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      Page 28 Advertisements Column 1
      1053 28 la the m»ttet of The companies act, cap. SO and lafcnwwtt TRI CUSUMA INVESTMENT PTE LTD (Mantels' Voluntary Winding Up) At an Extrnordinnfy Oenernl Meeting of the members of tke aboveaamed company duly coaveaed aad held at 21 Collyer Quay *14-02 Hongkong Bank Building, Singapore 0104 on 19 July 1994,
      1,053 words
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      Page 28 Advertisements Column 2
      369 28 NOTICE NOTICE IS HEREBY GIVEN that, I KOH BOON PEN of Apt. Blk 42 Telok Blangah Rise #03-606 Singapore 0409, have applied for a Retail Liquor Shop Licence in respect of premises at M/s Guan Hup Co. at #01-315/317 Blk 38 Telok Blangah Rise Singapore 0409, and that this application
      369 words
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  • Shipping Times
    • Article, Illustration
      S'pore port container traffic increases 17pc this year
      397 29  -  By Rahita Elias SINGAPORE Container trafTic through the Port of Singapore jumped 17 percent year-on-year in the first five months of 1994. Figures issued by the Port of Singapore Authority this week show 4.05 million 20foot equivalent units were handled in January-May.
      397 words
    • Article
      Lock icon Tanker tonnage scrapped up 23pc in second quarter
      194 29 Bloomberg Business News NEW YORK Tanker tonnage sold for demolition surged 23 per cent in the second quarter from the same period last year, with scrapping of very large crude carriers (VLCC) accounting for the increase. Second-quarter scrapping rose to 5.26 billion
      Bloomberg Business News  -  194 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      822 29 Pate Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL S 3 Assist Marine 6 I Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9 5 Batamindo 7 3
      822 words
    • Article
      Lock icon Capers, panamaxes see active freight chartering
      477 29 Reuter LONDON Active freight chartering was noted for both capers and panamaxes, with confidence being expressed over their future prospects, brokers said on Tuesday. On the Atlantic the small caper Niki was reported fixed by Elcano for a full iron ore cargo from Tubarao
      Reuter  -  477 words
    • Article
      Lock icon Founder of Pakistan's Tristar aims to refloat shipping industry
      662 29 Reuter KARACHI Masood Baghpatee, the patriotic founder of Pakistan's Tristar Shipping Lines Ltd, has set himself the ambitious task of refloating his country's sinking shipping industry. Mr Baghpatee set up Tristar in 1992 with the avowed aim of saving Pakistan the
      Reuter  -  662 words
    • Article, Illustration
      Global Maritime: New Malaysian kid on the block
      772 30  -  The entry of Malaysia's latest national carrier is not exactly welcomed by other players in the local shipping scene, reports Ranita Elias Rahita Elias THE Malaysian shipping industry's attitude towards Global Maritime can be likened to an only child's ambivalent reaction to
      772 words
    • Article
      THE SHIPPING GUIDE
      14354 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at I'cnang after
      14,354 words
    • Article
      SHIPPING AGENTS
      3287 43 A S.hK Coatainerline NV: Belsin Shpg jgrwrifi Pte Ltd (SVManne Handling Sin Bhd (PK/PN). {fturd Group: Accord Shpg Pte Lid Contr Line (PK/PN). £kris Business Corporation Philippine Alsourcc Shpg Trdg Pte Ltd (S) ihrenkiel Liner Service: Kim Shpg trdg (S). Übatros Sea-Air Service: Frata Shpg Ptc bid (S).
      3,287 words
    • Article
      COURIER SERVICES
      273 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies A Senices
      273 words
    • Article
      AIR FORWARDERS
      1509 43 Abex Lxpress Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Sing*port Tel: 542-7822. Fax: *****20. Aeroliak freight International Tel: 545-8033. Fax: *****05. Aerosoetd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Lxpress International Td: 542-7666. Fax: *****74. *****50. Air
      1,509 words
    • Article
      PORT CONDITIONS
      3105 44 ALBANIA Dunes: One vessel in port discharging bagged flour, no vessels waiting in roads. ARGENTINA Santa Fe, Diamante: No vessels berthed, none in roads, none due. San Lorenzo: Five vessels berthed of which I loading soya bean meal. I soya bean oil, I soya, I wheat. 1 by-products.
      3,105 words
    • Article
      CRUISE & FERRY SCHEDULES
      325 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA E I D Forts of Calls Port Agent Telephone No JULY 29 29 Renaissance 2 1100 2030 Cruise to Nowhere Lines Intl Holdings 224-2763 29 29 Leisure World 1300 2015 Cruise to Nowhere New Century Tours 227-8284 Corporation 29
      325 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      724 44 SHIP SALES TANKER RATES AFP PURCHASING interest continues to focus on the drycargo market and this week a number of significant deals have been concluded. MOC of New York continue their disposal programme of the older units and have now disposed of their 1980 built panamax bulkcarrier Chrismir to London
      AFP  -  724 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        612 45 Vnwl toy No Bfth frrhal Dtpartun Vwel fay Wo Berth Arrive Dqurtwe Jurong Port Nanta. 2 14/94 P06 Hongs* J7/LIJJ Asa Prosperity SMC002/94 119 alongside 28 07/0700 tot Kencana 35/94* P04 Hongs* 2707/ 800 Caraka mv 01/94 17/8 Ho*s* 28.07/2300 Supenor Gl 09/94 P04 22J/JS2 Dew, 01/94
        612 words
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        CONTAINER SCHEDULES
        1466 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book rij/Balance Rdts Ship Voy No Etb/Btr Period From To From 1968 a/lioo w *****00 27/1659 27/1900 3 28/0700 28/1159 28/1400 4 28/1200 28/1459 28/1700 ZTTZ Q52A 30/1500 li 27/1500 27/1659
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        COCKETT BUNKER MARKET REPORT
        904 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive descrip- tion of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change
        904 words
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        VERITAS BUNKER QUALITY REPORT
        538 45 Catan My 21 Only Water Mm M Nnttm SedhwH X MM Euon KG/M*3 t V/V M/M M/M PPM metttod BO/Qroc LMts Spec E25 991 1.0 15 0 0.10 30* 0.10* Spec G35 991 1.0 18.0 0.15 30* 0.10* Northern Linpe 180 Ave 981 01 13.4 004
        538 words
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      Lock icon The squeeze on business travel
      1320 46 The days when business travellers fly with little regard for cost may soon be over as US companies seek to reduce their travel budgets NYT Many us companies, eager to cut costs, are rebelling against the airlines' 16-year-old policy x)f making business travellers pay higher
      NYT  -  1,320 words
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      Daily Freights
      1580 46 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,440 on Tuesday from 1,437 on July 25. It was a slow end to the day on C freight market, but rates remained jyant for Panamax and capesize tonnage, brokers said. Showa took the 64,879-dead-weight-tonne 1983-built
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        Lock icon Fiat to replace its luxury car
        272 48 Bloomberg Business News MILAN As part of Fiat SpA's strategy to remake its image by introducing a whole new iine of automobiles, the Italian car maker said that it will replace its top-of-the-line Lancia Thema sedan by the autumn. The new Lancia Kappa is
        Bloomberg Business News  -  272 words
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        TNT Express plans to open more centres in S'pore
        336 48  -  By Alec Almazan SINGAPORE Air express company TNT Express Worldwide is planning to ■open more operations centres here this year. The company has allocated $250,000 for the setting up of operations bases at Jurong, in the Central Business District and at
        336 words
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        Lock icon The big walk
        58 48 Reuter BOMBAY Hundreds of commuters walk along the railway tracks in Malad, a northern suburb of Bombay on Tuesday, after suburban train services were disrupted by monsoon rains seeping into overhead electric cables. Local train services are the mainstay of Bombay's transport system, carrying a third of
        Reuter  -  58 words
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        Lock icon Boeing's profits almost halved in second quarter
        425 48 FT NEW YORK Boeing suffered a near 50 per cent fall in second-quarter net earnings, primarily because of a sharp downturn in aircraft deliveries. Frank Shrontz, Boeing's chairman and chief executive, on Tuesday also affirmed earlier forecasts of 260 deliveries for the full
        FT  -  425 words
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        Lock icon US warning misleading: Aeroflot
        113 48 Reuter WASHINGTON Russia's Aeroflot International Airlines said on Tuesday a recent State Department warning about unreliable air travel in the former Soviet Union was motivated by the commercial interests of US airlines and aerospace companies. "The US State Department's recent public announcement concerning 'unreliable' air travel
        Reuter  -  113 words
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        Lock icon US complains about EU policy on state aid to prop up airlines
        394 48 Bloomberg Business News NEW YORK US Transportation Secretary Federico Pena has sent a letter to European Transport Commissioner Marcelino Oreja expressing "serious concerns" about European Union policy on state aid to national airlines. The letter, a copy of
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        Lock icon Thai air force to buy Italian planes
        78 48 AFP BANGKOK Thailand has concluded its negotiations to buy six G222 transport planes from Italy, the head of the Royal Thai Air Force said on Tuesday. "It's all finished," Air Chief Marshal Siripong Thongyai said, adding that an agreement would probably be signed
        AFP  -  78 words
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        Lock icon Hutchison plans terminal in Bahamas
        103 48 Bloomberg Business News HONGKONG Hutchison Whampoa plans to spend US$35 million (5552.8 million) building a container terminal in Freeport, the Bahamas. A subsidiary of the company has signed a memorandum of understanding to acquire a 50 per cent stake in the Freeport Harbour Co with
        Bloomberg Business News  -  103 words
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        Lock icon Arianespace postpones rocket launch
        68 48 UPI PARIS The European consortium Arianespace on Tuesday postponed the launch of its next commercial rocket, which is to carry Brazilian and Turkish satellites, because of technical problems. It said a new date for the launch of the 66th Ariane space rocket, originally scheduled for July
        UPI  -  68 words
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        Lock icon Freight favours Austrian roads
        106 48 UPI VIENNA Austrian railways have lost a slice of freight transported to road transport, figures released on Tuesday said. The figures for 1993 indicate rail has suffered a 7 per cent (700,000 tonne) drop on goods carried, while road transport was up 3.6 per cent last
        UPI  -  106 words
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        Lock icon Dutch yard's workers end blockade
        69 48 Bloomberg Business News ROTTERDAM About 30 workers at Rotterdam submarine builder RDM ended a brief blockade of the shipyard's entrance after the management agreed to provide them more information about the company's future. The workers started their blockade early on Tuesday morning to protest against
        Bloomberg Business News  -  69 words
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1375 48 at| nwK ct» n** n®_ Mu DhaM Gf 146 1120 Gf 147 1850 GA985 1130 SQ441 1505 QftfffH 1545 QF81 1925 QF82 2055 SQ228 1955 Amsterdam KL843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1205 KL837 1450 WtM» SQ347 0740 SQ286 2040 BA11 1505 SQ288
        1,375 words
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        Lock icon United Airlines expanding trans-Pacific service
        201 48 Reuter CHICAGO UAL Corp said its United Airlines is expanding its trans-Pacific service, with more scheduled flights to the new Kansai International Airport to open on Sep 4 in Osaka, Japan. New daily services will be launched between Los Angeles and Osaka, and improved frequency
        Reuter  -  201 words
  • Page 29 Advertisements
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      30 29 DIRECT CALL TO THURSDAY 8C SUNDAY HOTLINE *****37 Global Maritime: New Malaysian kid on the block, Page 2 US companies fight to save money on employee air fares, Page 18
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      27 29 Lines and service! represented by Members of the Registry of Accredited &B@j} Shipping Agents, Singapore National WJfcgwfl Shipping Association. For advertising enquiries, contact Shipping Timest Tel 740-2089/740-2090
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      35 29 THE jff* I enamuk/ ■!Mlllg|* 224 1833 For more information please refer to Pg. 13 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BusinessTmies •VXNOVAS4
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      1644 30 &3PSU&Toon IMPORT™ IMPORT*™ ElSHi^^^B ■Mil i 1 j WT STOK LA OM VCD SA DM. HOUSTON CMC NY MEXICO CUT «JB. Ml IPOS WD MOMTPMM ■lIMO SMTOS >MM HUMA fMAMGUA KSS&/WW WO. 101 MBQB OMUM WWCOWB SMTTU ST« en» m m ji 4: L i l cmfohm unn (7 10-111
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      1974 31 orw*i /av dtp iin JARniNF shipping AGENCIES JARDINE SHIPPING AGENCIES SDN. BMO. SSTSIJHESo* 020. FAX; 03-7* M« CPS: 03-7H6M CR NUMBER: **********0 C TEL *****3/4 FAX *****0 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) (TQUDANG TEL *****12 FAX' *****14 (OPNS) CUSTOMER SERVICE TEL: JOHOR SHRU TEL: FAX: 02-07-*****99 Dedicated to Quality Service
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      1759 31 EAST MEDITERRANEAN i P' MARSAXLOKK/PIRAEUS/IZMIR/ISTANBUL ALGECIRAS BAY V. 5577 ETA SIN 29TH JULY 94 LADBY MAERSK V. 9408 ETA SIN IST JULY 94 VMM Voy ETA ETD F«4vM by 1 DESTINATIONS Tha wmk MAO* SON MAERSK V94M ~1 02/08 hrs CFS 01/06 2359 MRS JOH LPK PEN OAK LGB SfO
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      1480 32 I™—T AQABA R OAM/ lI ALIO ACCEPTING FROM j VESSEL VOY NO SPORE JEOPAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA LEVERKUSEN EXPRESS 19/329 30/7 6/8 15/8 17/8 20/8 2216 2*16 Port Kelang. Penang KATSURAGI 22/ 130 3/8 20/8 23/8 21/8 Pasir KITANO 26/330 6/8 15/8 22/8
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      577 32 »>■ AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundl, Islamqala (Doqharun) I C.1.5./RUSSIA: Vostochny, Vladivostok, Moscow, Baku, TaaHkant, Irkutsk, Alma Ala, Ashflsbad. Dushanbe, Ktov I N Koroa: Pyongyang, Nampo Mongolia: Ulaan Bator I LCL TO CIS EASTERN EUROPE FULL CONTAINER BERVICE TO NORTH/WEBT AFRICA VESSEL SIN DKR Ned Oceania V.2254 03/8 30/8
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      1214 32 NORASIA I I" VSL/VOY SIN ALG BCL VAL MAW Bnc ROT AWT r» s VIAE D'HYORA HO4W 02/08 30/81 %/m I NORASU AL MUNTA2AH M3O 3 03/08 26/08 27/01 29/08 30/08 31/08 81/09 M/»» I VALE DC IYRA YO4W 09/08 06/09 NORASIA SARIANTHA 9431-3 10/08 01/09 02/09 04/09 05/09 06/09
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      1333 33 H STRAITS SHIPPING PTE LTD 10 Hoo Chiang Road #11-01 Koppol Towers Singapore 0208 Tol: *****88 Fax: *****17 5H5 new guinea pacific line HHlllSlifliiaiilUHllHlira jqffßgg? <a service of china navigation co> CARGO QUI SAILS _Js__ straits rnot viae Muara. lab. kk 21 u »u »u fcl lcl container ano break
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      3130 33 SINGAPORE AGENT: IJjjyA |A«IC PAO Containers (Singapore Agenciea) Pte Ltd >\ I t\l w V JlJllLd 111 CI 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel; 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 s T JP\ CR Number: **********0Z export VESSEL VOV -PMO 'NO
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      683 34 GENERAL AGENT C.R. NO: *****81-***** |l 4S?W EKA JAYA AGENCIES J I Vlr TEL: *****22 (8 LINES) FAX: *****05 I SALES REPfIESENTATIVES IN CHARGE j I IHO Chi M.NH CITY I »MII I HANORHOHt/PMICT 1 I hiWRY HOI IWOBH I KtLVIM CHAM HM7B/HOTM manqj iiwm «wna i I am.LAM »«n
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      Page 34 Advertisements Column 2
      1664 34 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FM Wl SIN lIK HAUL SEA rv* TO* FM VS. SR LIE MAU. SAV IM WC MUM SEATTLE 034E 30/7 MECT 11/ l M/« HANJIN SfAH'iOME 30/7 M. A» OWE 1/» 2/» HANJIN FELIXSTOWE 022E V
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      Page 34 Advertisements Column 3
      1357 34 k! jtiMiji j jiß m scr uc «c ut m *i oa w an m iu ut nyc un w w i» r» 01 m E ***** KK7 1/1 3/1 7/1 11/ l 12/1 IVI 14/0 17/0 IVI l»/» 20/1 Jl/1 IVI IV! 14/1 27/1 2VI 21/1 10/10 20/10 2VIO
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      2137 35 I 'NEPTUNE ALMANDINE 08W ETA SGP 30/07/9411 H BB I ETA RDM 15/08/94 FLX 16/08/94, II I BRE 18/08/94, LEH 20/08/94 II tXPOGT TO: nw/mw SIN9AFOM CAUfOWIA tXPHtSS (SCX) TO: USWC U$ QUlf m>WtST KMC CANADA VESSEL VOY"Ttgrl LOS osnrvsn««T 4ft ICrelcTf (LB DAL PET HOI MfH SOR \YK PIP
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      Page 35 Advertisements Column 2
      1014 35 A MULTILINE SHIPPING PTE LTD WK (a member of SMSOV Group) CR NO: **********0 C ENQUIRES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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      1349 36 44 AS AGENTS: "K" LIU (SINGAPORE) PTE LTD NO 12M*****00M/GST REG«IC-0017WW) K TEL: *****77 TELEX KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA "K" LINE MARITIME (MALAYSIA) SON MM Mm W%M TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I A INDONESIA: P.T. SARANA LAIITINTERNUSA, TEL: JKT *****08
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      Page 36 Advertisements Column 2
      687 36 ©APPENSHIP /ps HAMBURG CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EABT VESSaS LOAOMG PORTS DISCHARGE IOAWNG FOB ANANGEL PEACE RTM 06/07 SPORE 05/08 SEAKITTIE HAM 01/07 SPORE 19/08 ELENA V ANTW 05/07 SPORE 06/08 rfTiV ISLAMIC REPUBLIC OF accepting cargo to gulf ports \\|P IRAN
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      Page 36 Advertisements Column 3
      386 36 focTSzi GOLDEN LINE A KG oSv GUAN GUAN SHPHNG ES2<A (PTE) LTD a W »7*r *"•< SMUVOK IIM m U43M (II UKS) Ftt: *****04 (CI lb. III2KSMOM) munt/HMiAw ouur gggg S'porc P Mm| Peiw* GOUXN SIM Karachi/Oubai/Kumit l/il lug GOLOCN KM Karachi/Dubai Kuwait 29/ M ckima mnc« OCR ONC Shanghai'Xwner
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      902 37 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I fli^llf CR NO **********0E I 1 VESSEL VOY SIN CMS JIB HOD JEO AQJ ADE PZU MSW ASA KOTA BERK AT BKTOI3 7/6 12/> 1 9/9 21/* 3/t 24/1 4/t 22/1 24/1 KOTA WWAWAN WRN4SP
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      Page 37 Advertisements Column 2
      954 37 WT %m II HAVHt HAAMURG THM«ES ROTIEROAM ANTWERP HUE DWYWIA HO4W 02/08 24/01 26/08 27/08 2t/0» 30 M *1.11 K LYRA TO4W 09/01 31/08 02/09 03/0* o</09 o</09 *111 Ot *16* GO4W 14/01 07/09 09/09 10/09 11/09 13/09 WILE DC VEIA VO4N 14/09 16/09 17/09 H/09 W/W •M.SO ACCEPTWG CMCO
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      570 37 BSfl jk. MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klf Pen P.Gdf AVA VI29W 04 05 Aug 30-03 Au| HP A-AN V2O4W 30/31 Jul PATHEN VI3OW 08/09 Au| 30/07 Auf PAGAN W2I2W 12/14 Au( 01/10 Auf MALAYSIA AGENTS: BOUSTEAO SHTPMG AGENCES KUL: TEL
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      2090 40 S EAST CO4STI vjv M iLVifll M NEW YORK I all watir I 29 I SJngsjort't CiMri/ 4fMfs. a YJSS&nISU c3£S%mvu* c53J2»c-u:h*smi o*,*--c~*~r4*sns ISuSuSS" c*,«w. «osmo UiSffil. 420T7« »w»"» SJuVcc'si" 00 f«.:JJMM» f^Ss/lS" CST WO: M 2 *****0S X fai. PIC M* l T« 11 latt Cottt Tk Ho«t>«H/{MM I
      2,090 words
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      769 40 /fnCROATIA LINE A (EX JUGOUNIJA) 1 vessel spoke r* png Lowmcfon lOSMJ 24 AUG Tl AUG Alexandria Beirut. Istanbul. Trieste. Kopef. Lattakia limassol Mersm P San). Riieka. Ventce SIOVEMIA 15 SEP 18 StP -do Ganaral Agents: EAST MOUNT AGENCY (PTE) LTD Srtfapore Kuala Lianpv Port KHanj Penanf SPORE 'A' VESSEL
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      Page 40 Advertisements Column 3
      182 40 /Cnohbuu^ I NORBULK CARGO MRVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES ISP PK LOADMG FOR I SEA SONNET MPT 01/1 FIU/MMM/MT/UK I TIM IMG 15/1 17/1 FLU/MfT/UK I ISP PK LOMMNG FOR I NORBU.K TBN 20/1 24/8 D6N/CPT/EL I ALSO LOADS TAWAU. KK, TG. MAN! I
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      651 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 31/7 ROTTERDAM 30/7 MRHUS/COPENHAGEN 31/7 HAMBURG/BREMEN 31/7 MARSEILLE/FRANCE 03/8 FEUXSTOWE/UK 01/8 BARCELONA/SPAIN 01/8 LEHAVRE/FRANCE 03/8 GENOA/ITALY 01/8 ANTWERP/BELGIUM 01/8 LOS ANGELES/WC/PI 30/7 SYDNEY/MELBOURNE 29/7 NEW YORK/EC 30/7 FREMANTLE/ADELAIDE 29/7 VANCOUVER 29/7 BRISBANE
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      951 41 WMmSE&BlmMnnmi XETHA BHUM 58H Won 1/» Thy 4/8~~ WAWA BHUM 2408 Tin 8/8 tot" 13/4 if K ftr* inn ia M YANTRA BHUM 45H Tu« 2/» fri i/« I»WA BHUM «3S Fri 12/8 Tu« 18/8 i 1 —w 10/ 9 M PIYA BHUM* 332H Tu« 2/8 Fri S/« BHATRA BHUM
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      261 41 TEL: *****33 (12 Lin«o) FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 Llneo) CR NO.: **********0E j (TMIOPt AM SWPWMfi ACCEPTING FCL AND CONVENTIONAL Viml Voy IT* Loading For Abbay Wore 40WB IS/OS Momtoaaa. Dfibouii Asssb Miihwi Abbay Woru 41WB IS/10 Mombasa. Djibouti Aaaab. Maaaawa H HWO UNI FULLY CONTAINERISED REGULAR
      261 words
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      531 41 Gumrant—d S»lllnM* to:BANGKOK/LACK CHABANG/LAQS 30/7 (SAT). 2/1 (THE) ~j ro>T num/nm* nn (thq, a/7 (rap HOW 6 KONG »/7 (FIB), 2/1 (TOE) JAKARTA a/7 (FIB) MAMLA/CEBU/SUBIC MY 2/8 (TUE) HO CHMMH a/7 (FIB) SWA6AYA 31/7 (SUH) BUSAH 31/7 (SUN) Ul PONGNAMA LINE KSStI r» K U K K m SAMNC
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      1482 42 ASIA HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 27/7 28/7 29/7 HKG/BKK/KEE/KHH Genoa/Barcetona/Marsriks 1/8 2/8 3/8 29/7 30/7 1/8 HKG/BKK/KEE/KHH G-buri/Chafon/S'hokn/Oslo 1/8 2/8 3/8 DAII Y RFPFIVINP HKG/BKK/KEE/KHH fL™/lltm/»nt/H»n/Loh 29/8 30/8 1/8 HONGKONG/BANGKOK/PU SAN JPN/KOREA/MANILA PORT KELANQ/PENANQ/P. GUDANG Manla/Cebu 27/7 28/7 29/7 f KEELUWQ/KAOHSIUWO Tokyo/Kob«/Osa/Yoko 1/8 2/8
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      Page 42 Advertisements Column 2
      176 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD EM HI CIA STOK rail Ml UK PIMM 8111 lAtt 14/7 loidinj to» Male RUVM HUM) 28/8 loading *>< Dubai tXXmh in Port Sailed loading fot Male nam sunn* m loading Fot Male UWEEOH 8/S loading Fo» Male ptocKss inn ivi loading
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      Page 42 Advertisements Column 3
      1144 42 o THONG SOON UNES PTE LTD I I 78 SHENTON WAY #10-01, SHGAPORE 0207 1 I \sJ Vif TEL: 227-SOU FAX: 227-6011 I I TLX: RS ***** CARRIR, RS ***** JENHOL CABLE: TOSOCO ,71 4 rnomm moo*ccawm w TA e Blwl u SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND
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      463 46 VESSEL VOYAGE SX6APORE MAWLA LANKA MAHAPOLA *****N 29/07 <FRI) 0?/Qj (WED) PERVOMAYSK *****N 02/08 (TUE) 06/08 (SAT) "JO »IJJS_Jg* LY VIGOUR PACftC *****N 05/08 (FRI) 10/08 (WED) LANKA MAHAPOLA *****N 09/08 (TUE) 13/08 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE GENERAL SANTOS DAVAO CEBU NKOIAY MOROZOV *****E 31/07
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  • Page 46 Miscellaneous
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      Page 46 Miscellaneous Column 1
      700 46 ■111 'I i»M| Al J B H 11 "J J,! I A J M i 111 TODAY'S TIDES (twtht in metres) HOI* 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1101 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 ***** ft 2.1 2.1 21
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      788 47 ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 m rg)« VESSELS VOY SMI HTM ANT* LET HAM BRE| fa 27/07 23/07 30/07 H. EXPLORER 312* 01/0S 19/01 21/01 22/08 21/01 21/01 23/01 03/0« 05/01 06/08 NOR FMBOURG 312* OS/0S 26/ OS 21/01 29/08 28/08 28/08 30/08 10/08
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      Page 47 Advertisements Column 2
      474 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO ft HEAVY LIFTS INBOUND VESSELS VtSIl «OT V PR KUC KK MM BT SONBAJ 21 1/1 1/1 CHMnON TRAOU 40 7/1 »/l OBANGI MOON M 11/1 KOUSHUN 31 U/S 12/1 IS/0 17/1 OUTBOUND VESSELS Lommw fob mm/mm (PUIE CAR CARRIER) KOUSHUN V4l sp
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      Page 47 Advertisements Column 3
      988 47 [VESSEL I VOY SW ETA/D LAX 1 OAK I CH |DAI 1 MEM/COL I HOU INTO NOR ALLIGATOR TWUMPH 5*A 04/01 21/0t 23/01 24/ M 25/08 25/01 26/08 2t/08 27/ M GEORGE NASHN6TON BMPGE 80A 11/08 28/08 30/08 31/08 01/09 01/09 02/09 02/09 03/09 AILKATOR HOPE 53A 11/08 04/09 08/09
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      77 48 @$({"]<"/<.**[{<%`@|!>`]%^>?|!" Accepting Heavy lift SOC to from MANILA SUBIC BAY Direct Enquiries Bookings S pon Tel: 294 5022 Ext. 227 Fax 297 1930 K.L. Tel: (03) 731 6842/3/4 Fax (03) 731-6860 You may have been unable to gel your Straits Times, Sunday Times, UanHe Zaoßao and other daily newspapers from
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      Page 48 Advertisements Column 2
      5 48 MARKETING Tomorrow in Business Times
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