The Business Times, 29 July 1994

Microfilm: NL19568
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MITA(P) 010/12/93 Friday July 29 1994 WE KHOWASIA 75*
    11 words
  • 2am LATEST
    • Article
      Lock icon Dow up 18.78 points
      51 1 Reuter NEW YORK Wall Street stocks rose at midsession yesterday. In the broad market, advancing issues led declines by a small margin on NYSE volume of 147 million shares at Ipm EDT. The Dow Jones industrial average was up 18.78 points at 3,739.25 at 2pm EDT.
      Reuter  -  51 words
    • Article
      Lock icon Berlusconi at large
      40 1 Reuter MILAN Paolo Berlusconi, the Italian Prime Minister's brother, yesterday refused to meet magistrates investigating possible bribery for the premier's media-based Rninvest empire, his lawyer said. Berlusconi was at large despite a warrant for his arrest. Reuter
      Reuter  -  40 words
  • Article
    MARKET SUMMARY
    158 1 ewfcst indicts Thursday Change STII 2,201.24 -0.15 KLSEComp 1,026.30 6.11 Nikkei 20,247.85 +110.62 Hang Seng 9,402.66 +0.48 SET Index 1,371.33 +3.69 Jakarta Comp 452.97 -0.40 CLSA China B ....1,012.79 +11.04 Auat AilOfd 2,042.1 +0.4 FTSEIOO., 3,095.9 +13.6 Thar (day Prctiow 2pm doae Dow Jones 3,739.25 3,720.47 kmnm of
    158 words
  • Article, Illustration
    Asean losing shine as premier market for S'pore-based firms
    565 1  -  Reports by Chuang Peck Ming SINGAPORE The Asean region is losing its shine as the premier market for Singa-pore-based companies as East and North-east Asia rises to overshadow it, says a poll of 326 chief executives. Almost half of the CEOs
    565 words
  • Article
    Shortage of clerical, low-skilled staff likely to ease over next 5 years: poll
    365 1 SINGAPORE The severe shortage of clerical, low-skilled and technical staff in Singapore is likely to ease steadily over the next five years, says a poll of chief executives. But senior managers will still be hard to come
    365 words
  • Article
    S'pore businessmen join forces to raise profile in Russia
    433 1  -  From John Helmer in MOSCOW SINGAPORE businessmen have banded together in Moscow to create an association that will enhance Singapore's presence in Russia against growing competition from Hongkong and Taiwan. The Singapore-Russia Business Forum was recently chartered by agreement among 18
    433 words
  • Article
    Lock icon Fed's rate move may not hinge on Q2 GDP
    230 1 Reuter NEW YORK The first estimate of how fast the US economy grew in the second quarter, due out today, may not be very important to the Federal Reserve in determining its next move on short-term interest rates. Analysts yesterday said
    Reuter  -  230 words
  • Article
    IRAS tells property agents to keep proper records of deals
    419 1  -  By Abdul Hadhi SINGAPORE The Inland Revenue Authority of Singapore has told property agents they must keep proper records of transactions for tax purposes. The move follows a large number of recent advertisements by "real estate agents seeking resales almost
    419 words
  • Article
    Vietnam country funds set to raise US$1b over next five years
    293 1  -  By Harish Mehta SINGAPORE Vietnam is witnessing a boom in mutual or trust funds investing in the country. Five Vietnam funds, including two from Singapore, have raised more than US$267 million (SS4O3 million) in global financial markets, and analysts
    293 words
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      189 1 lasiaTnml I COMPUTER PRINTER I I RIBBON MANUFACTURER See Pg 8 Spore News 2 S pofeDTsa 19.20,21 fepml News 3.4,6 Francol 23,24 *Wd News 8,10 r»«timi Martwts Mm 17 Oob/KLSE, S£S 28-30 Edtoral 16 Resonai 26 Sports 11 Wocld 27 IV/litetyte 13 Currencies 24 tapoMi Focus 7 Sunex/Commo 24,25 tifcHllpMH
      189 words
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      18 1 Advertising: Pg 14 Hertz's regional drive Japan to offer fresh compromise in trade talks with US Pg 18
      18 words
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      9 1 Hock Lock Siew: Pg FH Those Hong Leong nzmoufi
      9 words
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      120 1 SjThe Bottom Line Pg is y Louder Asian lobby needed in EU Election fever in north-east Thailand i 1 Banker-turned-politician Amnuay Viravan is waging an intense campaign to win the hearts and minds of residents of Khon Kaen Province in north-east Thailand Full report, Pg 7 H HNCAfOU iTM»HOIICLAM«TIIiiIi p
      120 words
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      9 1 HAfIHHBjHrES Corporate top brass plug Viet funds, Pg 17
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon M2 posts 10pc year-on-year growth
        330 2  -  By Shiv Taneja MONEY SUPPLY M 2 continued its strong showing with a 10 per cent year-on-year growth in May, .latest figures from the Monetary Authority of Singapore show. M 2 comprises currency in circulation and demand deposits (which together make up Ml) and what
        Source: MAS  -  330 words
    • Article
      Editor sees gains for employers, employees in productivity rises
      195 2 PRODUCTIVITY did not mean working longer hours, a top newspaper executive said yesterday. The Editor-in-Chief of The Straits Times, Cheong Yip Seng, told a quality control convention that what it really meant was doing the sam&job, to the same standard, faster
      195 words
    • Article
      Telecom launches $10m mobile data network
      428 2  -  Rival operator ST Mobile Data to launch its network next year By Genevieve Cua SINGAPORE Telecom yesterday launched a $10 million mobile data network, the first telecommunication service in which it faces direct competition. Not to be upstaged, rival operator ST Mobile Data also
      428 words
    • NEWS ROUNPUP
      • Article
        First concrete block factory opens
        59 2 KOH Brothers Group officially opened its first concrete block factory yesterday at Sungei Kadut. The 4,658 sq m factory the first fully automated concrete block making plant in Singapore is managed by Koh subsidiary G W Concrete Products. It makes paving stones, solid blocks, kerbs,
        59 words
      • Article, Illustration
        Eight win Amex excellence award
        87 2 ROBINSON'S was one of eight gold award winners at the Fourth American Express Service Excellence Awards held yesterday at the Hyatt Regency Hotel. The other seven were retail World of Sport, Sanur Indonesian Restaurant, Coffee Garden at the Shangri-La Hotel, entertainment lounge Europa, Top of
        87 words
      • Article
        Applying for HDB resale flats by post
        60 2 THE Housing and Development Board will not accept over-the-counter applications for resale flats from Aug 1. Instead, buyers will have to submit application forms by post or deposit in the drop-box at the HDB Resale Unit. Application forms can be obtained at all
        60 words
      • Article
        No need to queue for Phase 2C
        81 2 THE MINISTRY of Education says schools will continue to register all children who live within one km of the school of their choice for primary one next year until Phase 2C is over. If the number registered exceeds the number of vacancies, a
        81 words
    • Article
      SCCCI's first-ever membership drive
      322 2  -  By Teh Hooi Ling A REJUVENATED Singapore Chinese Chamber of Commerce and Industry (SCCCI), under the leadership of Kwek Leng Joo, is launching its first-ever membership drive with the aim of attracting 1,000 corporate members. Free credit and discount cards, discounts on country club membership and
      322 words
    • Article, Illustration
      UPS slots S'pore into worldwide network for six flights a week
      269 2 US-based air express major United Parcel Services will launch regular flights out of Singapore and open a new logistics centre here later this year. Chairman and chief executive Kent Nelson said yesterday direct flights would start on Sep 12.
      269 words
    • Article
      Wee Cho Yaw urges developers to maintain stable property market
      368 2 IT IS in the interest of both local developers and the government to maintain a stable property market in Singapore to avoid the situations found in Hongkong and Tokyo where prices have reached dizzy heights, said Mr Wee Cho Yaw.
      368 words
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      104 2 GREAT MINDS THINK ALIKE nHppif/ A H 1 (You can tell Ly their skirts) When it comes to excellence in tailoring, distinguished statesmen, royalty and just there is no other name quite like CYC about every man who recognises the It's why CYC has become the favourite importance of dressing
      104 words
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      105 2 Binnmsmm To^^RE^E^^+SSySriSS^^wSTiES sr ■->' LAND FOR SALE/JOINT VENTURE Landbank next to GENTING HIGHLANDS /ST Malaysia's largest Kmiomo j Hill Resorts available Yi for sale or joint £Z££l// J venture development. ffei M SELESAHU. HOMES Freehold 770 acres. I BATU CAVES "S) Eastern foothill of Genting Highlands Resort Casino. /j> Adjoining
      105 words
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  • SOUTH-EAST ASIA
    • Article
      Thailand expects B8pc growth, but inflation creeping up
      430 3  -  From Loh Hui Yin in BANGKOK THAILAND'S economy is on track to achieve 8 per cent growth this year, but inflation has been revised upwards to 4.8 per cent. To check inflation, which in January was forecast to run at 4.2 per
      430 words
    • Article, Illustration
      Lock icon Landmarks in group to supply electricity to Thailand
      436 3 Reuter, MBT KUALA LUMPUR Malaysia will soon license a consortium to build a 650-megawatt power plant to supply electricity to Thailand, Energy, Posts and Telecommunications Minister S Samy Vellu said yesterday. He said Landmarks Holdings, Time Engineering and Yayasan Islam Perlis will
      Reuter,; MBT; Reuter  -  436 words
    • Article
      Lock icon Indon rice farmers' purchasing power falling
      181 3 AFP JAKARTA The buying power of Indonesian rice farmers has declined in the past few years, threatening a mass conversion to more lucrative employment, a press report said here yesterday. The Jakarta Post quoted the deputy head of the Central Bureau of Statistics, Sugito,
      AFP  -  181 words
    • Article
      Lock icon Tansil: I never intended to defraud Bapindo bank
      382 3 Reuter JAKARTA The chief figure in Indonesia's multi-million dollar banking scandal said in court yesterday that he never intended to defraud Bapindo bank. Businessman Eddy Tansil, making a personal defence statement following last week's demand from prosecutors that he serve life imprisonment
      Reuter  -  382 words
    • Article
      Lock icon Jakarta sees doubling of foreign investments for the year to US$20b
      428 3 Reuter JAKARTA Indonesia, glowing after posting record foreign investment approvals for the first seven months of 1994, predicted yesterday total approvals for the year will more than double to US$2O billion (SS3O billion) compared with 1993. A senior official
      Reuter  -  428 words
    • Article
      Lock icon M'sians invest US$510m in Vietnam
      60 3 Bernama KUALA LUMPUR Malaysian companies have invested in 26 projects in Vietnam with a total capital outlay of US$5lO million (***** million), the Vietnamese ambassador to Malaysia, Ngo Tat To, said yesterday. Trade is growing year by year and reached US$22B million last year, he
      Bernama  -  60 words
    • Article, Illustration
      Lock icon Hand of freedom
      34 3 Reuter JAKARTA A student imitating one of the images of hands spelling out the word "democracy" in sign language at an art exhibition by local artist Harsono here on Wednesday. Reuter
      Reuter  -  34 words
    • Article
      Lock icon Indonesia to get 5th TV station
      68 3 Reuter JAKARTA A television station controlled by Indonesia's richest man, Licm Sioe Liong, will go on the air next month, Antara news agency reported yesterday. Media sources said, however, that it might take another two months for the television company, Indosiar Visual Mandiri, to
      Reuter  -  68 words
    • Article
      Lock icon Brunei to beef up its air power
      67 3 AFP KUALA LUMPUR Brunei said yesterday that it plans to buy fighter jets and other military hardware to expand its underequipped air force. "We are studying whether the jet fighters used by our friendly neighbours are suitable for our air force," Sulatman Awang
      AFP  -  67 words
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      243 3 OH QJlStfr jj BY THE /ACXSUL JJ 1 he legendary Kubtal Khan wee not only /jy famous for me great conqueror of a Zw large empire In Chinese history. He was also renowned tor creating the art of mongolian barbecue, which became the special haßmark of mongolian cuisine. Together with
      243 words
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      Page 3 Advertisements Column 2
      198 3 ONTOP ADVANCED a" V HAIR LOSS TREATMENT ON TOP Advanced Therapy System is a complete, safe, effective yet affordable action effectively revitalizes hair. haircare treatment system specifically formulated to treat hair. After just one month of ON TOP'S complete treatment, you will be able to see The System's unique formula
      198 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Taiwanese investment in S-E Asia up 7 times to US$3b
      343 4 AFP TAIPEI Taiwanese investors poured US$3.O3 billion (554.5 billion) into South-east Asian countries in the first half of 1994, a 680 per cent rise over one year ago, China Times Express said yesterday. Citing statistics compiled by the Investment Commission,
      AFP  -  343 words
    • Article
      Lock icon China raises inflation target to 13pc
      295 4 Bloomberg Business News BEIJING Faced with continuing shortages of farm goods, China has settled on a less ambitious target for inflation this year of 13 per cent, the official China Securities newspaper reported yesterday. Beijing had set its sights on bringing inflation below 10
      Bloomberg Business News  -  295 words
    • Article
      Lock icon Beijing's trade with Moscow plummets
      430 4 Reuter BEIJING China yesterday reported a sharp fall in its trade with Russia, with fake and low-quality goods stockpiled on both sides of the border in a welter of broken contracts and unpaid bills. Customs figures showed that bilateral trade in the first half of
      Reuter  -  430 words
    • Article
      Lock icon World Bank approves US$110m environmental loan for Beijing
      284 4 AFP WASHINGTON The World Bank has approved a US$llO million (SSI66 million) loan to finance an environmental clean-up project in north-eastern China. The project is in the twin basins of the Hun and Taizi Rivers in Liaoning Province, which provide 40 per
      AFP  -  284 words
    • Article
      Lock icon Taiwan liberalises alcohol and tobacco imports in bid to enter Gatt
      321 4 AFP TAIPEI Taiwan is set to liberalise imports of tobacco and alcohol across the board from Sep 1, in its bid to join the General Agreement on Tariffs and Trade (Gatt). Trade officials yesterday said Vice-Economic Minister Sheu Ke
      AFP  -  321 words
    • Article
      Lock icon China's young workers shun 'iron rice bowl' guarantee
      287 4 UPI BEIJING The "iron rice bowl" guarantee of a job for life has lost its appeal for young professionals caught up in China's economic boom. Unlike their fathers and grandfathers steeped in the security of single-job careers, ambitious men and women are
      UPI  -  287 words
    • CHINA WATCH
      • Article
        Lock icon China's balance of payments surplus
        98 4 Reuter BEIJING China posted a balance of payments surplus in 1993, with inflow of capital more than compensating for a current account deficit, the State Administration for Foreign Exchange Control said yesterday. The China Securities News quoted the administration as saying that the current account
        Reuter  -  98 words
      • Article, Illustration
        Lock icon Meeting the demand for mooncakes
        40 4 AFP HONGKONG A Wing Wah Mooncake Factory worker placing machine-moulded mooncakes on a platter yesterday before baking them. Mooncake production starts about three months before the mid-Autumn Festival in order to meet overseas demand. AFP
        AFP  -  40 words
      • Article
        Lock icon American fined for selling passport
        58 4 AP BEIJING An American accused of selling a US passport has been fined more than US$2OO by Chinese police and ordered out of the country, Xinhua news agency said on Wednesday. Erik Jenott was fined 2,000 yuan (SS34B) by the Shenyang Public Security Bureau and
        AP  -  58 words
      • Article
        Lock icon China's metal output and sales up
        87 4 Reuter BEIJING China's output and sales of 10 major non-ferrous metals rose in the first half of 1994 from the year-earlier period, newspapers said. The combined output of aluminium, antimony, copper, lead, magnesium, mercury, nickel, tin, titanium and zinc rose 14.3 per cent to
        Reuter  -  87 words
      • Article
        Lock icon Taiwan doubles Aussie apple quota
        61 4 AFP CANBERRA Taiwan had agreed to more than double Australia's apple quota immediately, Australian Trade Minister Bob McMullan and Primary Industries Minister Bob Collins said The import quota was increased from 500 tonnes to IjHHßtnes following the "concerted efforts of ministers, oflfiAustralian Horticultural Corp and
        AFP  -  61 words
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      440 4 Steamers Maritime Holdings Limited (Incorporated in the Republic ot Singapore) UNAUDITED RESULTS FOR THE HALF YEAR ENDED 1994 The Directors advise the following unaudited results of the Company and the Group for the six months ended 30 June 1994: COMPANY GROUP 1994 1993 1994 1993 $'000 $'000 $'000 $'000 Turnover
      440 words
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      341 4 I w1 I Keppel Finance Limited I (Incorporated in the Republic ot Singapore) H I UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1994 I I Directors are pleased to advise the following unaudited results of the Company H and of the Group for the half year ended 30
      341 words
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      219 5 Lexus believes that onlv tkose wko constantly strive for perfection are Letter equipped to ride out trie storms. I S—\ 0,. p sense really. ifj>rou tbinb about it. place more contort.ng or more comfortable to be find safety features wbiob are constructed witb a I I J And none bave
      219 words
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon Aussie labour market strengthening
        100 6 Reuter CANBERRA The Australian labour market showed further signs of strength yesterday with evidence of higher wages, overtime and job vacancies matching economic growth. Vacancies for skilled jobs leapt 66 per cent over the year to July, the Employment Department said. "The most significant increases were
        Reuter  -  100 words
      • Article
        Lock icon Keidanren: stabilise currency markets
        126 6 AFP TOKYO The chairman of Japan's Federation of Economic Organisations (Keidanren), Shoichiro Toyoda, called for international efforts to stabilise the currency markets. "We need to strengthen international cooperation and stabilise the currency markets. Each country should show its stance of defending the dollar by taking steps,
        AFP  -  126 words
      • Article
        Lock icon Islamic militants block roads
        63 6 Reuter ,SYLHET, Bangladesh A thousand Islamic militants are blocking roads into the Bangladeshi town of Sylhet to press demands jor the killing of fugitive writer Taslima Nasrin, officials said yesterday. They said transport had come to a standstill in the town, in the centre of Bangladesh's
        Reuter  -  63 words
    • Article
      Lock icon Seoul has no evidence for defector's nuclear claim
      224 6 Reuter SEOUL South Korea has no evidence to support claims by a North Korean defector -that Pyongyang has developed five nuclear warheads. Government officials yesterday said Seoul's policy towards the North remained unchanged. "The defector was not himself involved in the nuclear
      Reuter  -  224 words
    • Article
      Lock icon Miti to help spur parts industries in Asian countries
      417 6 Nikkei Weekly TOKYO Japan's Ministry of International Trade and Industry sees the development of parts industries in other Asian countries as essential to their economic development. It also sees exports from such industries to Japan as a way of reducing the
      Nikkei Weekly  -  417 words
    • Article, Illustration
      Lock icon Business as usual despite floods
      24 6 Reuter CALCUTTA Rickshaws carrying passengers through flooded streets on Wednesday. Heavy rains caused widespread flooding in the city. Reuter
      Reuter  -  24 words
    • Article
      Lock icon Japan considering US$300m loan to Ford
      201 6 NYT TOKYO With the Japanese government struggling to reduce anger over the nation's towering trade surpluses and financially strapped Japanese investors pulling their capital back home, the Export-Import Bank of Japan is negotiating a huge, politically sensitive loan to Ford Motor Co. The unusual
      NYT  -  201 words
    • Article
      Lock icon Japanese wholesalers suffer first sales decline in 21 years
      341 6 AFP TOKYO Japanese wholesalers of consumer goods suffered their first decline in sales in at least 21 years in the year to March, accompanied by dou-ble-digit declines in earnings. A survey by the Nihon Keizai Shimbun published yesterday found that combined
      AFP  -  341 words
    • Article
      Lock icon India aims to double textile exports in three years
      314 6 AFP NEW DELHI India is out to double its textile exports in three years, an effort which holds the key to its performance in post-Gatt trade. Exports of yarn, fabrics, clothing and handicrafts in the fiscal year to March 31 increased
      AFP  -  314 words
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      363 6 NOTICE NOTICE IS HEREBY GIVEN that, I GOH CHIN TOH of Blk 319 Jurong East St 31 13-66 Singapore 2260, have applied for a Retail Beer Shop Licence in respect of premises at M/s Kim Boon Sian at Blk 202 Clementi Ave 6 #01-K1 Singapore 0512, and that this application
      363 words
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      420 6 TOLL-FREE TEL. No. 1-80Q-741-1883 FAX:74I-1296 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TCHOT FAR EAST PTE LTD (Incorporated in Singapore) (IN MEMBERSVOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 ol the Companies Act. Cap.so that the Final
      420 words
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      417 6 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO MTHE MATTER OF PEDER SMEDVKJ SINGAPORE PTE LTD (In MamMri* Voluntary UquMaMon) NOTICE OF RESOUmONS Alan Ertraorflnary General MeefrQ oime member* oflheabovenamed Company duty convened and held at Lokkavatan 103 Stavanger. Norway on the 22nd day ol July 1994. the
      417 words
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      23 6 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments _L »i or Notices, caN toll-free 1-800-741-1883 pTh* BtraiU Tim— BJEBCSSI
      23 words
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      299 6 M STRATEGIC FORUM EXPERTISE Singapore Kuala Lumpur Penang Jakarta Bangkok JHSBBBDEEHb 22-23 August 1994 Royal Hofiday In Crows® Plaza Singapore A major ond comprehensive conference covering oN the critical issues... developing strategies, management, legal, financiol, taxation restructuring issues. W KEY TOPICS: Strategic background of an acquisition or disposal Success of
      299 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Election fever comes early for Thais in north-east
      1274 7  -  New political party led by banker-turned-politician launches campaign to win votes Fiw Loh Hui Yin in BANGKOK ALTHOUGH Thailand's next general election is not due until October 1996 if the Chuan government lasts its full four-year term an intense campaign is being
      1,274 words
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      183 7 Express long customers come H shapes From entrepreneurs, to crisp, business-like 'i conglomerates. |IS I IB f Which is why, depending I Wi-/ma v JCI J on the size and frequency of your fs 1 l\, J OB consignments, we offer services ■j r way beyond the usual menu of
      183 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Big fall in US jobless claims
        70 8 WASHINGTON The number of American workers filing new unemployment claims fell last week to the lowest level since March as auto workers returned from temporary layoffs, Labour Department figures showed yesterday. Initial weekly jobless claims dropped a larger-than-expected 59,000 the biggest drop since February
        70 words
      • Article
        Lock icon More Russians working without pay
        88 8 AP MOSCOW The number of Russian workers going without wages is on the rise, with tens of thousands of enterprises claiming they don't have the cash to meet payrolls, the Itar-Tass news agency said yesterday. Overall, the amount of unpaid wages rose 16 per cent
        AP  -  88 words
      • Article
        Lock icon Italian merger creates telecoms giant
        95 8 Bloomberg Business News TURIN The long-planned merger of Italy's five state-owned telephone companies to create Telcom Italia, the sixth-largest telecommunications company in the world, occurred yesterday. The merger happened when company executives signed documents creating a state-owned company that will be sold to investors some
        Bloomberg Business News  -  95 words
      • Article
        Lock icon UK unveils £1.25b S Africa aid
        76 8 Reuter JOHANNESBURG British Trade Secretary Michael Heseltine unveiled a trade support and assistance package for South Africa worth £1.25 billion (552.87 billion), the British Embassy said. "This is the largest offered by any country since the South African elections," it said. It also said
        Reuter  -  76 words
    • Article
      Lock icon France slams US for not following Gatt free trade rules
      362 8 Reuter PARIS French Industry and Trade Minister Gerard Longuet said yesterday the United States was not playing according to the Gatt free trade rules by using its muscle to back a recent intensive export drive by US industry. He said
      Reuter  -  362 words
    • Article
      Lock icon Germany extends US$306m credit to India
      264 8 AFP NEW DELHI Germany yesterday extended US$3O6 million (***** million) in credit to India to finance power, mining, water and environmental projects, and pledged to promote trade and investment links between the two countries. German Foreign Minister Klaus Kinkel and Indian Finance Minister Manmohan
      AFP  -  264 words
    • Article
      Lock icon Brother of Italian PM preparing to turn himself in, says lawyer
      373 8 Reuter MILAN Prime Minister Silvio Berlusconi's brother, wanted by police for suspected corruption in a case shaking the government, was preparing to give himself up yesterday, one of his lawyers said. "I think we can resolve the problem today,"
      Reuter  -  373 words
    • Article, Illustration
      Lock icon Dark shadows stalk Major's quiet optimism
      509 8  -  From Neville Stack in LONDON AS the British House of Commons broke up for its summer holidays this week. Prime Minister John Major was in a relaxed mood. For the first time in many months the heat appeared to be off him. There is
      Reuter  -  509 words
    • Article
      Lock icon Semiconductor industry likely to grow 25pc this year
      518 10 Bloomberg Business News SAN JOSE, California The semiconductor industry will see 25 per cent growth this year, fuelled by personal computer sales and the pervasiveness of chips in everything from greeting cards to airplanes, a veteran semiconductor analyst said. "The industry is
      Bloomberg Business News  -  518 words
    • Article, Illustration
      Lock icon Losing faith in the future
      47 10 Reuter PORT-AU-PRINCE, Haiti A weathered mural of Jesus on a wall in the Haitian capital going unnoticed by women passing by on Wednesday. Many people in the island nation are losing faith in the future as repression and economic hardships continue. Reuter
      Reuter  -  47 words
    • Article
      Lock icon US-Japan trade gap declining: Bergsten
      160 10 Reuter NEW YORK Fred Bergsten, director at Washington DC think tank Institute of International Economics, believes the US trade deficit with Japan has reached a high point and is beginning to decline. The drop in the gap should reduce the value of the yen, he
      Reuter  -  160 words
    • Article
      Lock icon Whitewater rift at US Treasury may lead to a shake-up
      360 10 NYT WASHINGTON The Whitewater hearings have created a bitter rift between the Treasury secretary, the deputy secretary and the department's top lawyer that officials said on Wednesday would almost inevitably lead to a shake-up at the department. The three officials
      NYT  -  360 words
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      1055 8 Fllllffflßil BARCLAYS PLC ITS SUBSIDIARIES Head Office: Johnson Smirke Building,4 Royal Mint Court, London EC3N 4HJ Singapore Office: 50 Raffles Place #23-01, Shell Tower, Singapore 0104, Robinson Road P.O. Box 887, Singapore 9017. Tel: 224 8555. I Barclays PLC Consolidated Profit and Loss Account Balance Sheets at 31 st December
      1,055 words
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      Page 8 Advertisements Column 2
      91 8 A European vision that lacks a British aye, Page 16 815ER5 Trends A monthly publication of the Institute of Southeast Asian Studies Special business interests have run away with America's China policy, so says a scholar in this month's Trends, which appears with tomorrow's Business Times. Other articles featured include:
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      132 9 2 AIRBAGS. 5 LEATHER SEATS. 16 INCH ALLOY WHEELS. 16 FOOT LENGTH. 100 YEAR OLD WOOD. $1,000,000 INSURANCE. NO OTHER CAR CAN GO THIS FAR. And to go even further we've included an electric sunroof, power adjusted driver's seat, the latest generation Bosch ABS, a 12 Disc CD Player, and
      132 words
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      Page 10 Advertisements Column 1
      993 10 WestLß Westdeutsche Landesbank Girozentrale 1 (Incorporated in Germany) II I Group Balance Sheet as at December 31,1993 I I I I DM OM DM I Assets DM DM DM Usbllltiss DM DM DM I Interest from I j LMMas to banks a) arto money market transactors 19.474,553,334.90 Casnreserve 7™, lAnmmtmiA
      993 words
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  • SPORTS
    • Article, Illustration
      Lock icon Dutch prince unleashes stampede as riders vie for equestrian crown
      445 11 AP, Reuter THE HAGUE, Netherlands Dutch Crown Prince WillemAlexander formally opened the World Equestrian Games on Wednesday, starting the country's biggest sporting event lince the 1928 Amsterdam Olympics. About 1,000 horses and 600 riders from 40 countries will compete in
      AP,; Reuter  -  445 words
    • Article
      Lock icon Pakistanis revive cricket war with England over Atherton gaffe
      532 11 AP LONDON The cricket world is divided over Mike Atherton's future as England captain. But the dividing line is fairly clear and predictable the English on one side and the Pakistanis on the other, apart from one notable exception. Former Pakistan
      AP  -  532 words
    • Article, Illustration
      When do you pitch?
      112 11 Practical Golf Tips by Patrick Sherry PITCH OR CHIP? Many golfers often use the wrong shot at the wrong time around the green. A pitch shot is when you loft the ball high in the air (using a pitching or sand wedge), landing it on the
      112 words
    • Article
      Lock icon Big names emerge in killing of show horses for insurance scandal
      437 11 AP CHICAGO Some of the most prominent figures in equestrian sport were among those charged on Wednesday with conspiring to kill their own show horses to collect big insurance payments. "This is the dirty little secret of the industry,"
      AP  -  437 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon American Football
        132 11 AP LONDON The NFL unveiled its plans Wednesday for a revived and reshaped World League of American Football, with three newteams joining an all-European six Seam format starting in April, 995. Amsterdam, Dusseldorf and Edinburgh join London, Barcelona and Frankfurt as the WLAF, plagued in its first two
        AP  -  132 words
      • Article, Illustration
        Baseball
        71 11 NEW YORK Major League Wednesday American: California 3 Oakland 11; Detroit 3 Seattle I; NY 3 Boston 3 (suspended after gv Toronto 0 Milwaukee 5; Kansas City 4 Chicago 1; Texas 0 Minnesota 1; (Cleveland at Baltimore (ppd rain). National: Cincinnati I Houston 7(12); Atlanta 4 Montreal 1; Florida
        71 words
      • Article, Illustration
        Cricket
        35 11 NOTTINGHAM, England Nottinghamshire were 32 for two in reply to South Africa's first innings ill for six declared at the close of the first day of their three-day match at Trent Bridge on Wednesday.
        35 words
      • Article, Illustration
        Equestrian Sports
        91 11 THE HAGUE, Netherlands Three-day event dressage on the first day of the World Equestrian Games on Wednesday (rider, nationality, horse, penalties): 1 Mary Thomson (GB), King William 42.00 2 Karen O'Connor (US), Biko 50.00 3 Edith Schless Beine (Ger), Timothy 51.00 4 Didier Ser ret (Fra), Coeur de
        91 words
      • Article, Illustration
        Lock icon Motor-racing
        203 11 Reuter LONDON World championship leader Michael Schumacher will appeal against a two-race ban from Formula One, allowing him to race in this weekend's German Grand Prix, his Benetton team said on Thursday. Organisers at Hockcnheim had feared the absence of the German driver this weekend would enrage home fans
        Reuter  -  203 words
      • Article, Illustration
        Lock icon Rugby
        171 11 AFP AUCKLAND Dynamic All Black loose forward Zinzan Brooke said Thursday he will stay with New Zealand rugby and work for local pay Sky Television. Brooke has turned down what has been billed as a six-figure contract with a Japanese steel company. He takes up his Sky post after
        AFP  -  171 words
      • Article, Illustration
        Lock icon Soccer
        271 11 AFP AP BEIJING China's football addicts arc coping with World Cup withdrawal symptoms by entering a string of competitions to select the best goals, players and moments from the tournament that ended more than a week ago. The latest competition selected the top 10 goals, with awards being made
        AFP; AP  -  271 words
    • Article, Illustration
      Lock icon So, where's the ball?
      41 11 Reuter KANSAS CITY, Missouri Chicago White Sox third baseman Robin Ventura goes up to catch a pop up in the stands off the bat of Kansas City Royals' Willy Joyner in the first inning on Wednesday Reuter
      Reuter  -  41 words
    • Article
      Lock icon US basketball debates Dream Machines' finer points but neglects opposite sex
      596 11 NYT CHARLOTTE, North Carolina Two large red, white and blue buses negotiated their way through mid-morning traffic, moving determinedly towards the Charlotte Coliseum. Despite their size, the buses moved smoothly as they wove in and out of traffic: a
      NYT  -  596 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      667 12 Nothing Beats A Budor < ro/ the Coribbe^ From June Ist 1994 Mischief Pub at the Boulevard Hotel presents*- Caribbean Arts Festival's I Best Performing Band J|B Ml the Miami MTV sensation Dreadi Ration Time: 8.15pm nightly Venue: Mischief at Lobby Level Open daily from 11am lam (till 2am on
      667 words
    • Advertisement
      Page 12 Advertisements Column 2
      310 12 WHERE TO WINE, DINE AND ENTERTAIN LETS TALK OVER LUNCH Seafood Theatre Restaurant proudly presents a series of monthly luncheon talks by expert well-known personalities. July 30 Aromatherapy Total Well-being by Mrs Angelyn Lim Buffet lunch and talk at $28 nett. For enquiries, please call toll-free *****11 or *****11 ext.
      310 words
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      Page 12 Advertisements Column 3
      259 12 Enonigko Enougho Enouiglio 'Enough is enough. 35 appetisers, 20 desserts pCus 4 main courses. "When our guests start on tfu appetiser spread at our monthly international lunch buffet, they neverfinish. In fact, tfuy always endup conceding that they've had more than enough. Come try it to believe. |QO Jot reservations,
      259 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Surprises for Hollywood's box-office
      1361 13  -  Bernard Weinraub checks out this summer's lot of movies Bernard Weinraub NYT SUMMER only began a couple of weeks ago, but in Hollywood it's almost over. The 14 weeks between Memorial Day and Labor Day are the richest box-office period of the year for movies, but
      NYT  -  1,361 words
    • Article, Illustration
      Lock icon Will Chelsea Clinton be at Woodstock?
      368 13 CHATTERBOX AP AP AP WOODSTOCK '94 will apparently go on without Chelsea Clinton in the crowd, despite an invitation from the promoter's 14-year-old daughter. Molly Rosenman, the daughter of Woodstock producer Joel Rosenman, asked Chelsea to join her in Saugerties on Aug 12-14. "Dear
      AP  -  368 words
    • Article, Illustration
      Lock icon McEnroe serves up a rock 'n' roll show
      50 13 AP SANTA MARGHERITA LIGURE. Italy John McEnroe playing his guitar with his Mcßand at the Santa Marghcrita I.igure nightclub on Tuesday. 1 hey received a lukewarm reception from 400 people at the nightclub, the first stop of a two-week Italian tour. AP
      AP  -  50 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1144 13 I TV RADIO Punisher, 11.00pm, SBC5 VlL Frank Castle (Dolph Lundgoes his way who jK^^H. by Mark Goldblatt production. X Nomads the produccd ten Peter story the a voyaging pcopie who the Ocean the My Americanised He returns later to some Hongkong comedy also stars Teresa Mo and Zheng Jian-
      1,144 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Offering value for money
      960 14  -  Juliette Walker reports on car rental company Hertz's plans in Asia Pacific Juliette Walker HERTZ is paving a wide road for its rent-a-car fleet in Asia Pacific. The New Jer-sey-based company has invested about US$l billion (SSI.S billion) to build up a regional fleet of over
      960 words
    • Article
      Lock icon US magazine has twice the marketing impact
      310 14 NYT THE magazine's advertising pitch is, quite evidently, a doublewhammy. But the spiel has never been terribly complicat•v simply tell advertisers that they're reaching the heavi-est-buying parents they possibly can reach, because they have to buy two of everything," said the magazine's cofounder
      NYT  -  310 words
    • COPY LINES
      • Article
        DY&R wins medals at NY ad test
        86 14 SINGAPORE Dentsu, Young Rubicam has walked away with two Silver medals and Ave Finalist certificates at the recent New York Festival of Advertising. The first Silver was awarded for its "Behind Bars" poster in the transport category for Ikea, while the second was
        86 words
      • Article
        Benetton launches new watch collection
        101 14 SINGAPORE Benetton recently launched its new watch collection in Singapore, the first venue in the world to see the rangp. The Autumn/Winter '94 collection consists of 43 styles including both basic and chronograph watches. The launch event featured an exhibition formulated along the lines of
        101 words
      • Article
        J Crew announces new GM
        96 14 SINGAPORE J Crew Group Far East announced that Elaine Pang will join the company as general manager from Aug 1. Ms Pang, whose most recent position was general manager and regional vice-president of manufacturing and operations for Liz Claiborne International (Far East), will report directly
        96 words
      • Article
        Lock icon Wilson Sporting Goods picks O&M
        99 14 NYT NEW YORK Wilson Sporting Goods Co of Chicago said this week that it had selected Ogilvy Mather Chicago to handle its consolidated global advertising account, with billings estimated 4t US$25 million (SS3B million). For the last two years, DOB Need ham Chicago had handled
        NYT  -  99 words
    • Article, Illustration
      Nike's big plans to score
      747 15  -  Sports shoe maker Nike hopes to raise its corporate profile with its soccer boots. Yen Sreenivasan reports Ven Sreenivasan WHAT brand of soccer boots did the World Cup-winning Brazilian team wear? Chances are, most people would have said Adidas or Puma. There will also be
      747 words
    • Article
      Lock icon Federated-Macy merger sparks fears of advertising cuts
      553 15 NYT THE saga about the future of the Macy's department store chain looks as if it has finally been settled. Next week. Federated Department Stores, which owns Bloomingdale's and Abraham Straus, among other famous names, will file a blueprint in Federal bankruptcy court
      NYT  -  553 words
    • Article
      Lock icon US ad agency Grey sets up kiddy unit
      417 15 NYT IN "Bye Bye Birdie," an exasperated Paul Lynde sang about how frustrating it was to try to figure out "Kids". A unit of Grey Advertising lnc hopes for more success at that challenging task. The unit is named Grey 18 and
      NYT  -  417 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      124 14 You may have got a whiff of the Opel Corsa GSi's performance abilities the last time you visited an entertainment park. However, to get the full-blown effect of a high-compression, twin-cam, 16-valve engine, a suspension featuring progressive miniblock springs, and ventilated discs coupled with ABS, we'd like to suggest a
      124 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      567 15 Only EPSON'S Hi-Definition Inkjet Technology can make any face blacker. ■MM 'i i (r v .r. w ksM 3 y r? <■.' p M. JoCkson M. JoCkson IX i t L b < I t wKBSfISmB lift,- 4 \'> I, <&. f Without Hi-Definition InkJet Technology. Hi-Definition Inkjet Technology Epson
      567 words
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  • Article
    Parents Bill: much more to be done
    558 16 IN EARNING Parliament's endorsement for the Maintenance of Parents Bill, Nominated MP Walter Woon, architect of the Bill, did more than assure himself of a place in Singapore s legislative history. When the Bill becomes law after the scrutiny of a Select Committee,
    558 words
  • WHAT THE OTHERS SAY
    • Article
      ARF must pick up steam now
      209 16 FORMALISATION of the Asean Regional Forum security arrangement in Bangkok last Monday brings promise that peaceable conditions in Asia, which the United States has underwritten since the end of the last war, can be better guaranteed. Of course, it is unrealistic to ascribe an
      209 words
    • Article
      New frontier nowhere in sight
      178 16 WHAT WILL BE the shape of the Japanese economy in the years ahead? That is probably what consumers and householders, not to mention business managers, would like to know most of all. The White Paper on the Economy for this fiscal year put together by
      178 words
    • Article
      A network for regional security
      135 16 THE END of the Cold War has brought new dimensions to regional security for the South-east Asian region. At the same time, there is a deep concern oyer flash points in the uncharted areas of the South China Sea which, it is suspected, contain precious
      135 words
    • Article
      Promoting law-abiding conduct
      209 16 N WITH THE PASSING on Monday of the Road Traffic (Amendment) Bill moved by Home Affairs Minister Wong Kan Seng, recalcitrant motorists who persist in ignoring parking summonses will be barred from renewing their licences and road tax. Under normal circumstances, every driver has the responsibility to
      209 words
    • Article
      Protect our rain forests
      142 16 BY THE TIME you finish reading this sentence, about five more hectares of tropical forests will have disappeared from the Earth's surface. Or, bringing the comparison closer home, an area of tropical forest the size of Jakarta disappears from our Earth every 35 hours. The major
      142 words
    • Article
      Asean in the driver's seat
      187 16 THE Asean Regional Forum (ARF) brings together for the first time former rivals for discussions on regional security. Asean has succeeded where developed nations have failed. For the first time, foreign ministers from 18 countries sat at the same table to exchange views on long-term
      187 words
  • Article, Illustration
    A European vision that lacks a British aye
    890 16  -  Neville Stack sees a big battle looming over Britain's opting out ot the European Union's 'social chapter", which governs other member-states Neville Stack The writer is a political commentator based in London. He writes regularly for BT. A FOND mother, watching her
    890 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      31 16 Available at Newsstands Times the Bookshop NTUC Supermarkets 7-Eleven STOP PRESS kiosks Browse Buy at post-offices Shell Esso Caltex Mobil SPC BP. Published by Times Periodicals, member of Singapore Press Hoidinos
      31 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      37 16 T'frrid so.f i«m suFPeßiviG Fporn v n( V coHce-MTRpcroM rpcriGog..^/ "TAKje rr this is e\wsu&C\ w ON£. or VOoR NOi U)Oe<lHGi X *wowrao H»W>»>«H no. twa-m* JSS POONESBURY GARRY TRUDEAU laaKT .ffisal I Is® lES fe 1
      37 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Corporate top brass plug Vietnam funds
      1692 17  -  Promoters of five Vietnam country funds are using big-name personalities sometimes with a conflict of interest to raise funds from global financial markets for Vietnam projects. Harish Mehta reports Harish Mehta WILLIAM Colby, an ex-CIA director, has been spotted quite often in Vietnam. The
      Source: Management Int'l(Guemaey)Ltd and Reuters  -  1,692 words
    • Article
      An emerging economy that devours incoming funds
      631 17 WHEN the first country fund for Vietnam was launched two years ago, everything came up roses, quite literally. And that came as a big surprise. The Vietnam Fund Ltd, listed on the Irish Stock Exchange, made its first investment in 1992 in a
      631 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      169 17 PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED (Incorporated in Singapore) ANNOUNCEMENT Prudential Assurance Company Singapore (Pte) Limited ("Prudential Singapore") wish to clarify that it is not related, associated nor connected in any way to or with the U.S. incorporated companies known as Prudential Insurance Company of America and Prudential Securities Inc.
      169 words
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  • Article
    Lock icon Japan to offer fresh compromise in trade talks with US
    442 18 Reuter, UPI, Bloomberg Business News TOKYO Japan will offer the United States a compromise on procurement procedures in trade talks set to resume this week, but will stick to its guns in opposing another key US demand, Kyodo news agency
    Reuter,; UPI,; Bloomberg Business News  -  442 words
  • Article
    Lock icon Japanese economy shows strength but real test comes later
    359 18 Reuter TOKYO Japan's economy showed another sign of recovery yesterday, but economists expect the real test to come later in the current quarter, when any damage from the strong yen is likely to emerge. Industrial output rose for the second quarter
    Reuter  -  359 words
  • Article, Illustration
    Lock icon Moscow to rein in unruly securities market
    322 18 AP, Reuter MOSCOW The government sought to calm jittery investors yesterday by announcing it would regulate Russia's unruly securities market, a move made in response to the panic surrounding the nation's largest investment company. A crowd of 5,000 people stood outside the headquarters
    AP,; Reuter; AFP  -  322 words
  • Article
    Lock icon Manila curbs dollar inflows to weaken peso
    483 18 Bloomberg Business News MANILA In an attempt to weaken the peso and help exporters, the Philippine central bank said non-residents will require approval before they enter agreements to buy dollars at future dates. The move is aimed at reducing inflows of cash from
    Bloomberg Business News  -  483 words
  • Article, Illustration
    Asians must lobby louder, harder to be heard in EU
    903 18  -  The Bottom Line SHADA ISLAM SHADA ISLAM The writer, a Brussels-based correspondent, contributed this article to Business Times WHEN they meet their European Union counterparts in Karlsruhe, Germany, on Sep 23, Asean foreign and economic ministers can expect more EU
    903 words
  • Article
    Lock icon Malaysia's consumer price index up 4pc in first six months
    370 18 Bernama, MBT. KUALA LUMPUR Malaysia's average consumer price index (CPI) rose 4 per cent in the first six months of the year over the corresponding period in 1993. The Statistics Department yesterday said the June 1994 CPI was 0.3 per
    Bernama,; MBT.  -  370 words
  • Article
    Lock icon Growth in Japanese defence spending to hit 33-year low
    231 18 Reuter TOKYO Japan's defence spending in the year from April 1995 will grow by less than 0.9 per cent, the lowest rate in more than 30 years. Government officials yesterday said Prime Minister Tomiichi Murayama's Socialists and their coalition allies in
    Reuter  -  231 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      142 18 PERSWJR!N™CE| INVESTMENT I Tomorrow in Business Times Mandarin Fa* Marco Polo T f you are Marco Polo travelling to China to 1 collect pasta recipes All you need to know is mian tido" (noodle) But if you are a business executive with your head on the line before the Emperor
      142 words
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      Page 18 Advertisements Column 2
      0 18 <[&^]).!(&">'_*[!.;=(}~,;:(+},{
      0 words
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  • COMPANIES & MARKETS
    • Article
      PMC proposes 2-for-1 bonus, M$908m cash call
      421 19  -  By William Chia SINGAPORE Malaysia's largest cement manufacturer Pan Malaysia Cement Works Bhd (PMC) is proposing a *2-for-1 bonus issue and giant cash call to raise M 5908.5 million (***** million). In a release yesterday, PMC said the cash call will come from
      421 words
    • Article, Illustration
      Steamers' interim net up 34pc to $3.2m
      245 19 SINGAPORE Steamers Maritime, which yesterday announced a 34 per cent rise in half-time net earnings to $3.2 million, is poised to outdo last year's performance. In a statement with the first-half results, Steamers said: "Barring unforeseen circumstances, the group expects the second half
      245 words
    • Article
      Property, car loans drive Keppel Finance profit to 63pc rise
      234 19 SINGAPORE Keppel Finance yesterday announced a 63 per cent jump in group interim net earnings, driven largely by growth in loans for property and motor vehicles. Net profit in the six months to June 30 was $8.18 million, up from
      234 words
    • Article
      Hong Leong Finance Foreign closes 7pc above local tranche
      235 19 SINGAPORE Hong Leong Finance Foreign shares closed 7 per cent, or 32 cents, above the local tranche on their debut yesterday. The foreign stock opened at $5.05 and briefly touched $5.20 before ending at $4.90. A total of 827,000 foreign shares
      235 words
    • Article, Illustration
      No truth in rumours of Hong Leong taking over UOB's banks
      611 19  -  HOCK LOCK SIEW By Catherine Ong SINGAPORE Rumours swirling in financial circles about former finance minister Dr Goh Keng Swee mediating a deal for United Overseas Bank (UOB) to sell its Far Eastern Bank (FEB) or Industrial and Commercial
      611 words
    • Article
      Rothmans (S) to sell Bukit Timah factory premises
      252 19  -  By Soh Tiang Keng SINGAPORE Rothmans Industries last night announced that its fully-owned subsidiary. Rothmans of Pall Mall (Singapore), will sell its Bukit Timah factory' premises. Rothmans will soon invite tenders for the purchase of the property, which has a total area
      252 words
    • Article
      L&M launches new office, logo
      102 19 SINGAPORE Construction company L&M Group Investments officially opened a new office at the Thong Teck Building in Scotts Road yesterday. And chairman Albert Hong took the opportunity to launch the firm's new logo. Mr Hong said the city office would better serve L&M's growing international
      102 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        39 19 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-bpm yesterday. Overnight events mav alter sentiment. Brokers polled: Alliance. Baring. Daiwa. OK (joli. Morgan (JrenJeU. Phillip. Smith AW' Court and W7 Carr
        39 words
      • Article, Illustration
        HOT STOCK
        130 19  -  -By Quak Hiang Whai AHTER rising for almost a month. Hong Leong Finance lost 38 cents to 54.58 yesterday. Yesterday's drop could continue as the daily indicators are still showing bearish signals. The daily RSI is retreating after almost touching the overbought 100 level while the daily MACD
        130 words
    • COMPANIES
      • Article
        SCS appoints two new audit members
        28 20 SINGAPORE Singapore Computer Systems has appointed Robert Chua Teck Chew and Theresa Foo-Yo Mie Yoen as audit committee members from July 21.
        28 words
      • Article
        Goldtron on Media Vision debts
        76 20 SINGAPORE In response to a report in Business Times yesterday, headlined "Goldtron, Nat Steel among creditors of Media Vision", Goldtron said yesterday it was a member of the creditors' committee in the voluntary Chapter 11 reorganisation for Media Vision. It said that under proposed plans,
        76 words
      • Article
        Harimau's net tangible asset
        27 20 SINGAPORE Harimau Investments, the closed-end fund of OCBC Bank, said yesterday its net tangible asset backing per share at June 30 was $2.10.
        27 words
      • Article
        Giken Sakata director resigns
        50 20 SINGAPORE Giken Sakata yesterday announced the resignation of Lem Bak Yam as a director and audit committee member, effective Aug 19. It also said its 14th annual general meeting would be held at 3 pm on Aug 19 at 40 Jalan Pemimpin, #04-05 Tat Ann Building.
        50 words
      • Article
        Response to Heshe's rights issue
        28 20 SINGAPORE Heshe Holdings said 144.58 million applications have been received for its issue of 142 million rights shares with 35.5 million detachable warrants.
        28 words
      • Article
        Lock icon China's Canada Land debuts in Sydney
        84 20 Bloomberg Business News SYDNEY Hongkong-based Chinese property developer Canada Land Ltd, the second Chinese company to list on the Australian Stock Exchange, made its debut at a 46 per cent premium to its issue price. Canada Land shares were trading at 51 Australian cents
        Bloomberg Business News  -  84 words
      • Article
        Corrections and clarifications
        53 20 IN yesterday's story, "Singapore firms plan US$l2 million Vietnam leisure complex", we referred to one of the companies, Singapura United Tobacco, as Singapore Tobacco after the first mention. All instances of Singapore Tobacco in the story should of course have been Singapura United Tobacco. We are sorry
        53 words
      • Article
        Untitled
        466 20 Maaagw*' pricM <$) Jul 29 Mcndaki Gr Fund 1.16 I.I9@ US Gr Fund 0.99 1.03** 5®Jipiif UnVI imw imp a Agj The Commerce 1.60 1.69 MMI M|I UB The Savings Fund 1.52 1.61 Unifund 1.45 1-51 Spore Prog Fund 0.69 0.73 Umbond 1.035 1.060 S'pore Sec Fund 1.03 1.09 Uniled
        466 words
      • Article
        Bandar Raya puts up stunning half-year performance
        291 20  -  From Ho Kay Tat in KUALA LUMPUR BANDAR RAYA Developments Bhd, the property arm of Multi-Purpose Holdings Bhd, has turned in a stunning half-year performance, thanks mainly to strong sales at its Bandar Baru Permas Jaya new township project in Johor state. Its
        291 words
      • Article
        Lock icon Sri Hartamas expects capital to rise to M$1b after revamp
        407 20 MBT KUALA LUMPUR Sri Hartamas Corp Bhd will see its issued and paid-up capital ballooning to the billion ringgit mark from its present Msl4o million (SSBI million) upon the completion of a major restructuring. The scheme, which involves proposals for
        MBT  -  407 words
      • Article, Illustration
        KFC chairman on why CEO told to leave
        454 20  -  From Ho Kay Tat in KUALA LUMPUR KFC Holdings Malaysia told its chief executive, Patrick Low Han Hing, to leave last month because major shareholders wanted to manage the business themselves. Executive chairman Mohd Sarit Yusoh said yesterday after the company's annual
        454 words
      • Article
        Sabah businessman Mohan Swami takes charge at Chew Piau
        275 20  -  From Ho Kay Tat in KUALA LUMPUR SABAH businessman Mohan Swami, who is said to be negotiating to buy a controlling stake in Sitt Tatt Bhd, has been appointed executive deputy chairman and managing director of Chew Piau Bhd, a second
        275 words
      • Article
        Lock icon Berjaya Ind posts 37pc rise in pre-tax to M$162m
        339 20 Bernama KUALA LUMPUR Berjaya Industrial Bhd has reported a group pre-tax profit of M$ 162.07 million (Ss94 million) for the year ended April 30, 1994 up 36.9 per cent from M$ 118.35 million a year ago. The company yesterday said group
        Bernama  -  339 words
      • Article
        Lock icon Manila's Swift Foods to get 900m pesos from investors prior to public offering
        175 20 AFP MANILA Asian and Philippine investors are to inject 900 million pesos (SSSI million) into local processed meat company Swift Foods lnc ahead of its initial public offering (IPO) this September. Swift chairman Jose Conception yesterday said
        AFP  -  175 words
      • Article
        Lock icon Chinese rubber firm to buy Thai textile manufacturer
        232 20 Bloomberg Business News BANGKOK China-based Tianjin of Zhoung Hua Rubber Factory Co plans to buy Thai Durable Textile pic, a publicly-traded manufacturer of fabrics and yarns based in Bangkok. Tianjin reported to the Stock Exchange of Thailand yesterday that it would offer
        Bloomberg Business News  -  232 words
      • Article
        Lock icon Time Telekom signs submarine cable contract
        299 20 MBT KUALA LUMPUR Time Telecommunications Sdn Bhd (Time Telekom), the country's third telecommunications network carrier, reinforced its national fibre-optic network yesterday with the signing of a contract for a submarine cable project. The contract, worth some MSI6O million (5592.8 million), with Pirelli Cavi of
        MBT  -  299 words
      • Article
        Lock icon Seacorp aims to be financial supermarket
        420 20 Bernama KUALA LUMPUR South East Asia Development Corporation Bhd (Seacorp) has described its acquisition of equity in a major insurance company as part of the group's plan to evolve into a financial supermarket. Its chief executive officer, Mohd Ramzan Ibrahim, yesterday said the group
        Bernama  -  420 words
      • Article
        Wheelock profit up 50pc; sees S'pore contribution in future
        331 21  -  Fran Lim Soon Neo in HONGKONG HONGKONG-BASED hong Wheelock and Company Ltd, which reported a 50.1 per cent growth in group profit attributable to shareholders in the year to March 31, 1994, hopes to see some profit contribution from its Singapore
        331 words
      • Article
        Lock icon Lane Crawford's net profit up 134pc on property sale
        178 21 Bloomberg Business News HONGKONG Department store group Lane Crawford International Ltd yesterday reported that net profit climbed 133.5 per cent in the year ended on March 31. But much of the increase came from selling real estate. The Hongkong-based retailer said
        Bloomberg Business News  -  178 words
      • Article
        China truck maker issues 500m H shares to raise HK$1.03b
        296 21  -  From Lim Soon Neo in HONGKONG QINGLING Motors Company Ltd, the eleventh H share to come on the Hongkong market, is entering at a price-earnings ratio of just nine times. Yesterday, the Chinese light-duty truck maker announced that it will
        296 words
      • COMPANY BRIEFS
        • Article
          Lock icon Dow Chemical's earnings up 68pc
          75 21 AFP MIDLAND, Michigan US chemicals giant Dow Chemical said on Wednesday its net profit soared 68.4 per cent in the second quarter to US$25l million (5J379 million) from US$l49 million in the same period last year. Earnings per share was up to 91 US cents
          AFP  -  75 words
        • Article
          Lock icon Kirin Brewery profit up 4pc
          106 21 AFP TOKYO Japan's Kirin Brewery Co Ltd yesterday said its pre-tax earnings grew 4 per cent to 36 billion yen (***** million) in the six months to June despite failing to meet its beer sales target. The country's top brewer said revenue grew 1.9 per
          AFP  -  106 words
        • Article
          Lock icon Hitachi to absorb subsidiary
          65 21 Bloomberg Business News TOKYO In the latest sign of restructuring in Japan's electronics industry, Hitachi Ltd will absorb its troubled home electronics sales subsidiary Hitachi Sales Corp on April I, 1995. The companies yesterday said the merger came as part of Hitachi's attempts to better prepare
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Oct 27 listing for Japan Tobacco?
          75 21 AFP TOKYO Japan's three main stock exchanges have applied to the finance ministry to list the shares of government monopoly Japan Tobacco Corp on Oct 27. Exchange officials yesterday said the government planned to list one third of the company's shares in Tokyo, Osaka
          AFP  -  75 words
      • Article
        Lock icon GM turns in record profit in line with rivals' results
        230 21 AFP DETROIT, Michigan The recovery is in full swing in the US car industry, with world number one General Motors announcing a record secondquarter profit yesterday, capping similar performances by its two chief rivals. GM announced yesterday that it more
        AFP  -  230 words
      • Article, Illustration
        Lock icon Edward Cheng says he Quit Wharf to focus on Wing Tai
        290 21 Bloomberg Business News HONGKONG Edward Cheng yesterday said he resigned as executive director of conglomerate Wharf (Holdings) because he wanted to give his family-run company, Wing Tai, a pan-Asian focus. On Tuesday, Wharf surprised analysts by announcing in a
        Bloomberg Business News  -  290 words
      • Article
        Lock icon HK judge to examine seized Shun Tak documents
        276 21 Bloomberg Business News HONGKONG A Hongkong judge said in a written judgment yesterday that he had decided to retain and examine a number of Shun Tak Holdings Ltd documents seized in March during a raid in connection with an inquiry into Tomson
        Bloomberg Business News  -  276 words
      • Article
        Lock icon Deutschemark's rise over US$ devalues German shares
        603 22 NYT BONN, Germany The dollar's recent weakness against the, Deutschemark is dimming tije outlook on the Frankfurt Stock Exchange to the point that some equity experts are pruning their lists of buying recommendations and suggesting that investors reduce their German stock holdings. Since
        NYT  -  603 words
      • Article
        Lock icon GE in lighting joint venture with Shanghai company
        212 22 Reuter SHANGHAI General Electric has signed a joint venture agreement with Shanghai Jiabao Industry and Commerce Co, China's leading lighting company, to produce a wide range of products mainly for the domestic market. Initial investment in GE Jiabao Lighting is US$6O million
        Reuter  -  212 words
      • Article
        Lock icon Tisco shareholders force management to vote
        237 22 Reuter BOMBAY Shareholders of India's biggest private sector steel firm, Tata Iron and Steel Co Ltd (Tisco), yesterday forced the management to decide by vote a resolution seeking preferential allotment of share warrants to the Tata group's firms. At Tisco's annual general meeting, shareholders
        Reuter  -  237 words
      • Article, Illustration
        Rampant rampers of Tokyo stocks eye regional bourses as Nikkei fun fizzles
        757 22  -  MARKET From Anthony Rowley in TOKYO THE GAME was over for the Tokyo stock market almost before it really began. The name of the game among foreign brokers, who were lead players until recently, was "ramping" pushing the
        757 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Accounting giants move to limit partners' liability
        420 23 Bloomberg Business News NEW YORK Ernst Young, Coopers Lybrand and Price Waterhouse will announce in the next week that they will reorganise their partnerships to give individual partners more protection against lawsuits, people close to the accounting firms said. The other three major
        Bloomberg Business News  -  420 words
      • Article
        Spain's Grupo Sol cements Indonesian hotel links with US$44m syndicated loan
        265 23 SINGAPORE Spanish hotel chain Grupo Sol is poised to take on a larger share of the Indonesian hospitality market with the signing of a US$44 million (5566.4 million) syndicated loan yesterday for its five-star business hotel, Melia Jakarta, in
        265 words
      • Article
        Great Pacific petitions High Court to approve merger with DBS Finance
        252 23 SINGAPORE Great Pacific Finance (GPF) has filed a High Court petition seeking to merge with sister company DBS Finance (DBSF). GPF, which like DBSF is an unlisted finance arm of DBS Bank, sought the scheme of arrangement and amalgamation
        252 words
      • Article
        Singapore awards two MNCs Approved Oil Trader status
        283 23  -  By Soh Tiang Keng SINGAPORE Two multinational companies have been awarded Approved Oil Trader status by the government. They are Enron Liquid Fuels Far East, of the US, and Stinnes Interoil of Germany. With AOT status, the companies will enjoy a concessionary
        283 words
      • Article
        Lock icon Turnover of volatile HK govt paper hits record
        220 23 Reuter HONGKONG The money market experienced record turnover as volatility continued in short-dated government paper. The Hongkong Monetary Authority yesterday said turnover was a record high of HK$6O.OB billion (Ssl2 billion), up from HK547.57 billion on Wednesday. Dealers said activity in short-term
        Reuter  -  220 words
      • SMALL CHANGE
        • Article
          Lock icon Kleinwort may double China fund
          107 23 Bloomberg Business News LONDON Kleinwort Benson Group pic is planning to double the size of its China Investment and Development Fund by raising US$6O million (SS9O million) through a share offer tnf September, the Daily Telegraph said. The fund, which invests in privately held Chinese
          Bloomberg Business News  -  107 words
        • Article
          Lock icon Peregrine enters Myanmar venture
          63 23 Reuter HONGKONG One of Hongkong's most aggressive merchant banks. Peregrine Investment Holdings, announced yesterday lee formation of a joint venture to invest in Myanmar. The joint venture. Peregrine Capital Myanmar, 80 per cent-held by Peregrine, with the rest owned by Yangon-based Union of Myanmar Economic Holdings,
          Reuter  -  63 words
        • Article
          Korean bank issues US$100m FRN
          100 23 SINGAPORE South Korea's Hanil Bank has tapped US$lOO million from the capital markets of Singapore, Asia and though a floating rate note (FRN). The five-year FRN, which be listed on the Luxembourg Stock Exchange, bears an interest rate of 0.34 per cent over the six-month
          100 words
        • Article
          Lock icon Islamic nod for Premium scheme
          88 23 Bernama KUALA LUMPUR The Premium Savings Certificate Scheme of Bank Simpanan Nasional is permissible in Islamic law Deputy Finance Minister Mustapa Mohamcd said. He said the decision was made by the Fatwa Committee of the National Council for Islamic Affairs in November 1991, and the
          Bernama  -  88 words
        • Article
          Lock icon Indon rate rise seen as temporary
          91 23 AFP JAKARTA Nyoman Muna. chairman of the board of patrons of the Indonesian Banking Association, dismissed a current rise in banking deposit rates as temporary and said rate levels would soon return to normal. He said the rise was due to the immediate cash
          AFP  -  91 words
        • Article
          Lock icon HK's Egana seeks US$20m loan
          58 23 Reuter HONGKONG Standard Chartered Asia Ltd said it has been mandated by Egana International (Holdings) Ltd to arrange a US$2O million syndicated loan facility. Egana. a holding company whose subsidiaries design, assemble and distribute watches and jewellery, will use the proceeds to acquire outright two
          Reuter  -  58 words
      • Article
        Lock icon High-flying Asian rubber prices take a sudden tumble
        438 24 Reuter KUALA LUMPUR Asian rubber prices, which rocketed to six-year highs recently, have suddenly tumbled from lofty levels, causing panic in regional markets. Analysts and traders yesterday said prices in major Japanese and Singapore futures markets slumped this week to the maximum
        Reuter  -  438 words
      • Article
        Lock icon Indonesia acts to boost coffee output as Brazil's crop is damaged by frost
        349 24 KnightRidder Reuter SINGAPORE Indonesia has begun taking steps to raise its coffee output in 1995, and if the weather stays favourable, production will be at 500,000 tonnes, said the chairman of the Association of Indonesian Coffee Exporters,
        Knight- Ridder; Reuter  -  349 words
      • Article, Illustration
        Lock icon Swiss chocolate firms see steady cocoa prices
        358 24 Reuter ZURICH Swiss chocolate makers say buying by speculators and market insecurity over production will ensure raw cocoa bean prices hold steady in the short-term. Some chocolate manufacturers see the market as overvalued and are standing on the sidelines to see how prices
        Reuter  -  358 words
      • Article
        Lock icon US soybean exports to China may hit M'sian palm oil sales: traders
        394 24 Reuter KUALA LUMPUR Exports of Malaysian palm oil to China will be affected in the long-term if Beijing keeps buying soybean oil from the United States, analysts and traders said. "If it continues, it will have a long-term
        Reuter  -  394 words
      • Article
        Lock icon Consumers tighten belts as Asian fuel oil price soars
        374 24 Reuter SINGAPORE Soaring Asian fuel oil spot prices have forced some consuming countries to tighten their belts, and there are fears that the region will face a shortage until September. Regular buyers Taiwan and India cancelled purchase tenders recently because of
        Reuter  -  374 words
      • Article
        Lock icon Vietnamese manufacturers face shortage of rubber
        197 24 Reuter HANOI Vietnamese rubber manufacturers, facing a severe shortage of raw material, have been forced to buy at high prices, delay export deliveries and work at half their capacity, the official newspaper. I'ietnam Sews, said. It said the cause of the situation was "massive
        Reuter  -  197 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        124 24 THE Singapore dollar closed a touch firmer yesterday with trading confined in a narrow range. Bullish sentiments over the local currency remains but the market does not appear eager to test a new high soon. Continued short covering of the US dollar saw some casing
        Charts by Dow Jones Telerate  -  124 words
      • Article
        Lock icon London
        203 24 Reuter LONDON The dollar threaded its way up to higher levels in subdued European trade and the market fixed its gaze firmly on today's US economic data, traders said. Dealers said fund buying in late European trade helped boost the dollar back towards 1.58 marks and close to the
        Reuter  -  203 words
      • Article
        Crude rises as violence breaks out in Nigeria
        187 24 Bloomberg ENERGY REPORT NEW YORK Crude oil futures on the New York Mercantile Exchange rose for the second day as strike-related violence in Nigeria sparked concern about further disruptions to crude exports. Rioting broke out in Abuja at the start of the
        187 words
      • Article
        Lock icon New York
        91 24 AFP NEW YORK The dollar was weaker against other major currencies with the exception of the yen in early Wall Street trading yesterday. At 1345 GMT, the dollar was at 1.5730 marks against 1.5745 at Thursday's close and at 98.55 yen against 98.45 yen at Wednesday's close. The
        AFP  -  91 words
      • Article, Illustration
        Untitled
        1610 24 11aJf-ua{httxJ indrx cakulalnl agam\l S'pure'i top 14 traJini itarintr\ Ban-war IW US$/S$ forward rates Noon July 28 ss Bid Offer 1-month 1.5075 ***** 2-month 1.5063 1.5077 3-month 1.5051 ***** 6-month 1.5005 1.5025 Stmmr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on July 28 Singapore dollars to oik
        1,610 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends firmer, Eurodollars steady
        1298 25 SIMEX RfPORT Reuter SINGAPORE Simex Euroyen ended firmer while Eurodollars ended steady in moderately light trade. Dealers said Euroyen firmed slightly in the afternoon after June industrial production posted a rise of 2.0 per cent month on month in line with market expectations. A trader
        Reuter  -  1,298 words
      • Article
        Palm oil firms on Indian demand
        698 25 COMMODITY REPORTS Palm Oil CRUDE palm oil prices finished higher yesterday as the market was buoyed by news that India's State Trading Corporation was tendering for more Malaysian RBD palm olein. The corporation bought 30,000 tonnes of RBD palm olein for Sep/Oct shipment on
        698 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Two key players in sugar market
          112 25 LONDON Chinese output and Russian consumption will be the two key factors in the world sugar market in the near to medium term, according to a report by Czarnikow Sugar Ltd. "The lack of a seasonal buying surge from Russia is counterbalanced by the
          112 words
        • Article
          India's sugar output below demand
          101 25 SINGAPORE India's white sugar output is seen exceeding 11.5 million tonnes in the next 1994-95 (Oct-Sep) season, but demand remains likely to outpace production, Indian industry officials say. Although Indian 1994-95 sugar output will be above this season's 9.6 million tonnes, demand will rise to
          101 words
        • Article
          Brazil govt to help coffee farmers
          127 25 BRASILIA Brazil's government will help coffee farmers hurt by two recent frosts by allotting some of the US$2OO million (SS3O2 million) in the National Coffee Fund for inputs towards replanting, assistant Industry and Commerce Minister for trade Frederico Robalinho said yesterday. He said that
          127 words
    • Article
      COMMODITY PRICES
      1449 25 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 94 I I 206 50 I 350 Sep 208.00 196 00 202.50 600 3500 Oct 189.50 176.00 190.00 200 4475 Nov 183.50 176.00 183.50
      1,449 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1052 26 +0.4 BLUE chip stocks led the bourse marginally higher yesterday in subdued trade on the eve of kev economic data. The All Ordinaries Index closed at 2.042.1. just 0.4 ol a point above Wednesday s finish. The All Industrials Index closed 0.9 firmer at 2.996.9 while the All Resources
        1,052 words
      • Article
        Manila
        569 26 4-6.54 Share prices rose by a slight 0.23 per cent yesterday as investors quickly took profits after a brief upsurge early in trading. The PSE Composite Index rose 6.54 points to 2,791.14. Turnover was to 1.039 billion shares valued at 1.202 billion pesos. An analyst said that while prices
        569 words
      • Article
        Taipei
        637 26 -19.21 The Taiwan bourse ended lower in modest trading despite early gains, dampened by textile, food and construction shares. The Weighted Price Index dropped 19.21 points to settle at 6,642.13. Turnover was 1.943 billion shares worth NT594.08 billion. Kails trounced gains by 196 to 109. Among winning issues, five
        637 words
      • Article
        Seoul
        449 26 -8.02 Share prices tumbled on the Korea Stock Exchange for the fourth day in a row yesterday on reports by a North Korean defector that the North had five nuclear weapons, dealers said. The Composite Price Index shed 8.02 points to close at 923.20. With most participants sitting on
        449 words
      • Article
        New Zealand
        321 26 -17.97 The New Zealand share market finished lower, led down by Telecom, after another day of lethargic trading. The NZSE-40 capital index closed 17.97 points lower at 2.008.95 on volume of NZS39 million. Telecom, the market's largest stock, fell 12 cents to NZ$4.6B. Telecom shares go ex dividend
        321 words
      • Article
        Bombay
        129 26 -7.29 Share prices closed slightly lower in a dull session during which cement and a few cash scrips were the only ones actively traded. The BSE 30-share Index closed 7.29 points lower at 4,093.98. The 100-share National Index ended 1.77 points down at 1,944.02. At mid-session, the BSE index
        129 words
    • WORLD STOCK MARKETS
      • Article
        London
        682 26 13.6 STOCKS rose for the ninth time in 12 days as gains in shares of water companies and banks offset concern that British interest rates might soon rise. The FT-SE 100 Index rose 13.6 points to 3,095.9. "A large part of it is the water sector responding to the
        682 words
      • Article
        Paris
        180 26 -2.26 French stocks were little changed, recovering from a lower start after the Bank of France cut interest rates, a move welcomed as fuel for economic growth. The afternoon rise was also helped by higher stocks on Wall Street as investors bet that higher US rates will moderate the
        180 words
      • Article
        Frankfurt
        185 26 -1.81 German stocks rose in late trading amid hopes for improved earnings at automotive and machinery makers. Prospects for profits were boosted by a stronger dollar, which will increase earnings for companies selling goods in the US. Ihe dollar's recovery also aided US bonds, giving a further lift to
        185 words
      • Article
        Brussels
        150 26 +0.92 Belgian stocks closed little changed for the second day as a recovering dollar boosted prospects for Belgian companies with US earnings. The stronger currency was offset by a rise in bond yields, which raises the cost of borrowing for companies. The Bel2o Index rose 0.92 point to 1,451.44..
        150 words
      • Article
        Milan
        154 26 +81 Italian stocks rose after falling for three days amid concern about the stability of the government. "After several days of sharp falls it was natural that the market would bounce," said a trader. "But fundamentally the market is still weak." The Mibtel Index climbed 81 points to 11,132,
        154 words
      • Article
        Amsterdam
        273 26 +0.93 Dutch shares ended mixed but just below the day's best levels as the index edged into positive territory by the close of play. Volumes and prices picked up in late trading as bond markets and the dollar recovered from earlier lows and Wall Street stocks opened with modest
        273 words
      • Article
        Stockholm
        112 26 -12.90 Sweden's benchmark index fell for a second day. pulled lower by a decline in bonds and the threat of higher interest rates in the US. The OMX Index fell 12.90 points to close at 1.118.30. "European and American bond yields were up today. and ours rose with them,"
        112 words
      • Article
        Zurich
        259 26 14.4 Shares ended firmer after a volatile day which saw stocks below Wednesday's level for most of the day. The weaker dollar and easier bond lutures had dampened sentiment. But trading was to a great part driven by derivatives. Dealers said the impact from derivatives made it difficult to
        259 words
      • Article
        Toronto
        274 26 12.96 Stocks turned mixed in quiet midday trading, with a positive tone from a firmer bond market and good second quarter earnings. Gains in conglomerates, real estate and financial services outpaced losses in the merchandising and forestry' sectors. The TSE-300 Index climbed 12.96 points to 4,146.97 in turnover of
        274 words
      • Article
        New York
        678 26 13.60 The Dow Jones Average was ahead 13.60 points to 3.734.07 at llam EDT. The New York Stock Exchange Composite Index was ahead 0.64 to 250.48, while Standard Poors 500-stock Index was up 1.45 to 454.02. Advances overtook declines 864-734 among the 2.404 issues crossing the NYSE tape.
        678 words
      • Article
        Johannesburg
        347 26 -22 South African shares finished mixed yesterday as investors remained net buyers of gold-related stocks but held back in industrials after losses on Wall Street. Sentiment remained steady after Wednesday's gains, and demand could reemerge today if early Wall Street strength continued. "We are seeing renewed interest coming in.
        347 words
      • Article
        Untitled
        711 26 Britannia Funds Sterling C «*h Bid Oder Mim Cap Deposit IS MOO 6*00 M.m Jrrso Ciih 0 IOTJ 0 l**2 Mim Ma» Income DIM*) I S$ (ash Income Phn Fund «»W0 I0 4»<*) PS Re*r*e Fund -'WD 2W Sterling l^nli Euro Performance 04 v»2 'f* Fir E« Fund *2 *2
        711 words
    • Article, Illustration
      Lock icon HONGKONG
      2919 27 Bloomberg Business News HONGKONG Stocks rose in the morning but gave up almost all the gains in the afternoon as concerns about another rise in US interest rates overpowered the impact of a successful government land auction. "I think we do not have the right ingredients for the market
      Bloomberg Business News; Source: Bridge Info  -  2,919 words
    • Article, Illustration
      Lock icon CHINA
      524 27 CLSA THE A share markets were swamped by panic sell orders, as local investors believed that no revival would be possible in the near term. The Shanghai market dropped 187.49 points, or 9.5 per cent, to 1,783.46 and the Shenzhen market lost 40.95, or 5.4 per cent, to 717.88.
      CLSA  -  524 words
    • Article, Illustration
      Lock icon TOKYO
      2500 27 Reuter TOKYO Stocks ended firmer after the Nikkei's fall below the psychologically important 20,000 level in the morning triggered bargain-hunting, brokers said. Bargain-hunting coupled with buying by public funds managed to absorb selling by overseas investors, they said. "It's too early to say that we have confirmed the bottom,
      Reuter; Source: Bridge Info  -  2,500 words
    • Article, Illustration
      Lock icon BANGKOK
      1819 27 Reuter BANGKOK Selling pressure picked up in afternoon trading and shares closed the day only slightly higher. The SET index climbed 3.69 points to end at 1,371.33 on heavy turnover of 11.66 billion baht. Gainers outnumbered losers 151 to 144. "The index fluctuated on profit-taking after a strong rally
      Reuter; Source: Bridge Info  -  1,819 words
    • Article, Illustration
      Lock icon JAKARTA
      1152 27 Reuter JAKARTA Share prices drifted to end lower in slow trading on persistent bearish sentiment with the listing of property company Mulialand tailing to inject any momentum into the market, brokers said. "It's still a bear market although we do appear to have touched the bottom." one local broker
      Reuter; Source: Bridge Info  -  1,152 words
    • Article
      CUM INTERNATIONAL
      2070 28 Mm Hyd 30c fc.042.000 Matpka tad MC <*****0 S Raja T5K97 <247,000 Ray* 4.197.000 Mc 3.43*000 U tad 3.426,000 IHMm 3J4M00 Uat Hoc ra»7 2.127.000 Pab Ok Fcxoga 1,924.000 FabcrGroap IJ74.000 Kcauyaa Caap I.*25,000 ll.fci.rtH BM 1.749.000 M Rcmmccs 1.437.000 Mm Hyd SOc 16.792^90 B Raya *****.730 Malpfca
      2,070 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rise for fifth day, led by banks
        4715 28 Bloomberg Business News KUALA LUMPUR Stocks rose to their highest level in five weeks, led by banks expected to report strong half-year earnings results. "This is one of the most impressive days for a long, long time," said a dealer. The Composite
        Bloomberg Business News; Source: Bridge Info  -  4,715 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7480 29 MAIN BOARD Transaction date: July 28 U Cr M Ul ijd Val Day LM Ohm Dl> Oi» VM Net Caa A»g |iBk Ctapui Salt (tM) High I— Bayer Seller Oe P/E Sail Pric. INDUSTRIAL AND COMMERCIAL 1440 135 1 5 \cma 950 -15 65 965 950 940 950 17.S 2.1
        7,480 words
      • Article, Illustration
        Lock icon Prospect of good corporate profits fails to move market
        1866 30  -  By R Sivanithy SINGAPORE The interim earnings season may be just round the corner, and although solid growth in corporate earnings is in the offing, local stocks just like in the US are still wallowing in US interest rate-induced doldrums. However,
        Charts by Bridge Info; Source: Bloomberg  -  1,866 words
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      601 19 NEWS VALUE How today's news might affect your stocks Asean losing shine as premier market lor S'pore-based firms (pg I) China is probably the factor that swung it all. IRAS tells property agents to keep proper records of deals (pg I) Vet another effort to cool property market. But impact
      601 words
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      81 20 Dividends table has been held over THE RAFFLES CONVERSATIOV "You can take one feather from a chicken and the chicken doesn't freeze, but it keeps a lot of ants warm. This is not charity; this is opportunity." -jM I f i jL fm 1 Condom popdkriser, AIDS fighter, and Magsaysay
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      219 words
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      345 22 B U S I N E S s— T I M._E_S TOLL-FREE TEL. No. 1-BQO-741-1883 FAX:74I-129a IN THE MATTER OF THE COMPANIES ACT, CAP JO IN THE MATTER OF UNITED OVERSEAS SECURITIES LIMITED (In MMttan' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290<2)(b)J At an Extraordinary
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      294 22 IN THE MATTER OF THE COMPANIES ACT, CAP.SO IN THE MATTER OF ARMITAGE SHANKS FAR EAST PTE LTD (In MMnbtn' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290<2)(b)) At an Extraordinary Ganaral Mooting of mo Company hold at 4 Kwong Mm Road. Singapore 2262 on tho
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      304 22 IN THE MATTER OF THE COMPANIES ACT, CAP.SO IN THE MATTER OF ARMITAGE SHANKS FAR EAST (HOLDINGS) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 2«0(2)(b)) At an Extraordinary General Meeting of the Company held at 4 Kwong Min Road. Singapore 2262 on
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      294 22 IN THE MATTER OF THE COMPANIES ACT, CAP.SO IN THE MATTER OF ARMITAGE SHANKS CERAMICS PRIVATE LIMITED (In Members 1 Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2) (b)] At an Extraordinary Qanoral Meeting of the Company haid at 4 Kwrong Min Road, Singapore 2262 on
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      348 23 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PAT (MAE) PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, that the FINAL MEETING of the Members of the abovenamed Company will
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      232 23 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ROH INDUSTRIES SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company
      232 words
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      359 23 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ADDED BUSINESS CONSULTANTS HOLDING LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company
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      740 23 -BUSINESS T I,M_E_S TOLL-FREE TEL. No 1-800-741-1883 FAX74I-12S8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CAMDEN INVESTMENT HOLDING CO PTE LTD ON MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Snotion 308 of the Companies Act. Chapter 50. that tha
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      Page 23 Advertisements Column 5
      458 23 NOTICE NOTICE IS HEREBY GIVEN that, I LOO CHEE FONG of 6, Shangrila Walk Singapore 2056. have applied for a Public House 2nd Class Licence in respect of premises at M/s Suki Thai Restaurants (S) Pte Ltd at Coca Restaurant, #02-28/30 Concourse Bldg, 298 Beach Road Singapore 0719, and that
      458 words
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      324 25 Canadian International School (Singapore)... The School, which is fully accredited by the Ministry of Education in Ontario, Canada and registered with the Ministry of Education in Singapore, offers tuition to students from Kindergarten to the OAC (Pre U) level. Instruction provided by professionally certified Canadian teachers. An internationally recognized diploma
      324 words
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      Page 25 Advertisements Column 2
      188 25 r IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER Of TETRA PAK KOREA PT* LTD (In Members' Voluntary Liquidation) HOnCEOFRMALypPTIMQ NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap 50, that a Final Meeting of the Members of the abovenamed Company
      188 words
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      39 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the Hnes to get the full picture. Companies Markets. Everyday.
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      122 27 The Zenith Rainbow Collection V'El Primero automatic chronograph movement. Non-reflecting sapphire glass. A M jlp* Water-resistant to 100 m or 50m. ZENITH Afc«»« A »eyo»dn« Lid 1 Maritime S<|u»re«l2-101 E*poC»»ew4)fTd 27MM2 Co««taaW«t«*C««treF»«Ud«ol- Shopp«*Centre Td 33W185.(D1-32 Lucky PUuTd: *****54 Deluxe £»e«en» W*ch rte Lid *01-18/ IL »C«n«rTp»>rt Td *****3* )*w«U«ry IJuhMtri*.
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      166 28 OUALITY THAT LASTS <©1 r X mmmtrsmsmd Since 1924, and with the same passion for perfection, Caran /A* twrd-ltkt dip *n ti* < t «Wj tf ■Ml d'Ache has been creating luxury writing instruments that transcend time. w Iml Id our collection, "Geneve", perfect harmony betw n modern technology and
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      6 28 PERSONArFINANCr INVESTMENT Tomorrow in Business Times
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      106 30 Two CHeers For Europa! 9 Winners of the American Express Service Excellence Award for two years running. A big thank you to all our customers and staff for making x Vs it two years in a row. We love ■2 V you all. And watch out, 'cos V we're gonna
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      47 30 You may have been unable to get your Straits Times, Sunday Times, UanHe Zaoßao and other daly newspapers from your usual newsstand because of the higher demand lately. To ensure a dally copy, call Customer Services Section on 1800-740-2577, and ask for home or office delivery service.
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  • Shipping Times
    • Article, Illustration
      Yen-based newbuilding prices at record low: broker's report
      261 31  -  By Ramesh Divyanathan SINGAPORE NewbuiWing prices at Japanese shipyards are at an all-time low in yen terms, says shipbroker Simpson Spence Young. SSY says in its latest Monthly Shipping Review that "Panamax bulk carrier yen prices have never been cheaper and only
      261 words
    • Article
      Rotterdam officials to visit S'pore
      114 31 SINGAPORE The Rotterdam Port Promotion Council will visit Singapore from Nov 21-23 to sell their port in the region. Delegates will meet representatives of shipping lines, shippers councils and freight forwarders. They will also visit the Department of Communications and Transport, chambers of commerce and
      114 words
    • Article, Illustration
      Lock icon Wrath of Spanish fishermen
      33 31 AFP HENDAYE, France About 50 Spanish trawlers block the south-western port of Hendaye on Tuesday in an anti-French protest as the fish war between Paris and Madrid escalated. AFP
      AFP  -  33 words
    • Article
      Lock icon Buy modern secondhand product tankers: Drewry
      332 31 Knight-Ridder LONDON Modern secondhand product tankers are likely to provide owners with better returns in the medium term than investments in newbuildings, says a report from Drewry Shipping Consultants. The analysts say that spot and timecharter rates for product tankers have continued to show
      Knight-Ridder  -  332 words
    • Article
      Lock icon Chinese freighter, US tanker collide
      222 31 AP ASTORIA, Oregon A Chinese grain freighter collided with an American oil tanker early on Wednesday, damaging both vessels but causing no oil spill or injuries, the US Coast Guard said. The 93-metre tank barge Cascades, being towed by a tugboat, and the 191-metre Chinese
      AP  -  222 words
    • Article
      OOCL opens another 3 offices in China
      169 31 SINGAPORE prient Overseas Container Line (OOCL) has opened three more offices in China, bringing its total there to 13. The offices in Beijing, Fuzhou and Ningbo offer full agency services and are linked to OOCL's world network of booking, documentation and cargo-tracking systems.
      169 words
    • Article
      Lock icon Israeli navy commissions new missile boat
      191 31 AFP HAIFA, Israel The Israeli navy commissioned on Wednesday a new missile corvette, the largest vessel in its fleet, equipped with a battery of the latest US and Israeli technology. The navy described the first of three Saar 5 ships on order from the
      AFP  -  191 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1095 31 Page Col ABC Containerline 16 4 Accord Group 8 1-3 Ahrenkiei Liner 4 1/2 ANL 3 1/2 Antaco Mgmt 17 4/5 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 5 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait
      1,095 words
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      Lock icon TAA revisions: an end to dispute in sight?
      792 32 With the filing of the new Trans-Atlantic Agreement, there is hope that j: business rather than politics will rule once more on the North Atlantic International Transport Journal THE 15 lines in the T rans-Atlantic Agreement (TAA) have put their agreement on
      International Transport Journal  -  792 words
    • Article
      THE SHIPPING GUIDE
      12723 40 This is a list of ships loading at Singapore for ports around the woiid. 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. LEfiCNO PN: ship calls at Penang after
      12,723 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        630 48 Vernl Voy No Borth VtWil D«p*tur« V«w< Voy Wo Both Arrival Dopytot l, Mnil(r Petri Own Ml P06 akx*a* 2S.O//ISOO JV Ml rWI 2907/2300 Ab 1«« 29 07/23M 3007/2300 5ft 07nM/44 2907/0300 Bitam Soenl A9494* P01A 2907/1200 2907/1300 S"*" J 2907 0600 Batam S(*ed IMT P01A 29
        630 words
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        CONTAINER SCHEDULES
        1181 48 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsJts S&p Voy No Etb/Btr Period From To From rr~T- TScg 29/1930 i* 28/1500 28/1659 28/1900 ta 1%B IB 28/1500 28/1659 a/1900 rrrr- 5» imoo a 5/1/5 29/0659 29/0900 ta
        1,181 words
    • Article
      Daily Freights
      719 48 THE Baltic Freight Index for spot dry cargo shipping rates was unchanged Wednesday at 1,440. Capesizes and very large ore-oil carriers took center stage with rates firmer, brokers said. Atlantic Panamax activity slowed, but this was described more as a "stand-off" as owners maintained high rate ideas and
      719 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Sino-S Korean accord allows for direct flights in the north
        373 50 FT SEOUL An aviation agreement signed on Wednesday between South Korea and China removes an air transport bottleneck in the fast-growing north-east Asian region. The provisional pact, reached after almost two years of talks, opens direct scheduled flights between Seoul
        FT  -  373 words
      • Article
        Lock icon US firm to build first commercial Orbital engines
        423 50 Bloomberg Business News PERTH, Australia USbased Outboard Marine Corp next year will begin the first commercial production using the two-stroke engine technology developed by Australia's Orbital Engine Corp. Outboard Marine, based in Waukegan, Illinois, is the world's largest manufacturer of outboard marine
        Bloomberg Business News  -  423 words
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        Lock icon Airbus to invest US$25m in China
        225 50 Reuter HONGKONG Airbus Industrie said it would invest US$25 million (5537.7 million) in maintenance, training and spare parts facilities in China. "It's clear that to operate the aircraft the Chinese airlines have already purchased, and to be in a position to purchase other aircraft,
        Reuter  -  225 words
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        Lock icon Hoping to break the sound barrier
        46 50 Reuter ECULHESS, England Britain's Richard Noble holds a model of the proposed supersonic Trust SSC car between two Rolls Ro>ce Spey jet engines on Wednesday. He is heading a project to-break the sound barrier and the land speed record. Reuter
        Reuter  -  46 words
      • Article
        Lock icon Japanese dealer to sell Chrysler cars
        342 50 AP TOKYO Chrysler Corp has found a new outlet to sell its cars in an agreement it hopes will serve as a model for expanding its network of Japanese dealerships, officials said on Wednesday. The agreement is with 20outlet Niigata Daihatsu, a dealer in
        AP  -  342 words
      • Article
        APL sets up link in Vietnam
        68 50 SINGAPORE California-based American President Lines (APL) recently announced that it had linked its Ho Chi Minh office to the rest of its global telecommunications network through satellite. The satellite hook-up will enable customers to track the location of a shipment and even check its
        68 words
      • Article
        Lock icon Jakarta upgrades airport on Nias
        76 50 AFP JAKARTA Indonesian authorities have upgraded the status of the Binaka airport on Nias island to an international airport. North Sumatra Governor Raja Inal Siregar said on Wednesday in Medan. The upgrading was part of the Indonesia-Malaysia-Thai-land Northern Economic Growth Triangle scheme linking Indonesia's provinces
        AFP  -  76 words
      • Article
        Lock icon New rules on tonnage taxes for vessels
        74 50 Knight-Ridder NEW YORK New requirements took cfTect on July 18 regarding the assessment of tonnage taxes for vessels arriving in the US. The US and other nations agreed by treaty to base the tonnage for vessel tonnage taxes on the International Tonnage Certificate.
        Knight-Ridder  -  74 words
      • Article
        Lock icon Indian customs clearance still disrupted
        70 50 Knight-Ridder LONDON Customs clearance of goods continues to be disrupted for the fourth day at Sahar cargo complex, Bombay customs house and Nhava Sheva port after the flash strike by the customs appraisers, according to Lloyd's intelligence on Tuesday. The strike is in protest against
        Knight-Ridder  -  70 words
      • Article
        Lock icon Israel plans 6 motorways into Jordan
        103 50 AFP JERUSALEM Israel on Wednesday announced plans to build six motorways into Jordan following the first official summit meeting between King Hussein and Prime Minister Yitzhak Rabin this week. The Public Works Department unveiled the schemes which still need government approval. The first route
        AFP  -  103 words
      • Article
        Lock icon First-half sales at Daewoo up 28pc
        82 50 Bloomberg Business News SEOUL South Korean conglomerate Daewoo Corp said its first-half sales rose 28 per cent to 16,400 billion won (5529.52 billion), the Financial Times reported. Net profit totalled 293.5 billion won in the first half. The company said it expects to meet
        Bloomberg Business News  -  82 words
      • Article
        Lock icon Saab recalls 75,000 cars
        177 50 Reuter STOCKHOLM Swedish car maker Saab said on Wednesday it was recalling up to 75,000 Saab 9000 cars around the world because of faults with brake lights and enginecooling units. Saab spokesman Olle Wallen said the entire 1993 production line of 42,000 Saab 9000s would be
        Reuter  -  177 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1421 50 qty m m nm n»_ Ill GA928 2205 I AMaMa Qf8! 1925 QF82 2055 SQ227 2230 I Amsterdam KL837 1450 KL844 0035 i KL838 2300 j SQ323 1730 SQ26 2355 AtkMS SQ348 2250 kaOtmi NZ73 1550 SQ285 2045 BA12 2200 NZ74 2340 galraiii GFI46 1250 GF149
        1,421 words
      • Article
        Lock icon Swissair severs ties with Polish airline
        328 50 Bloomberg Business News ZURICH Swissair has severed relations with Polish national carrier LOT over a dispute concerning Swissair's wish to serve Krakow, the second most important destination in Poland after Warsaw. Swissair has been denied permission by the Polish government and feels LOT is
        Bloomberg Business News  -  328 words
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      30 31 aH| INTER I Container Lashing Equipment M INTERMARINE Supply Co (Pte) Ltd Exduaiv* Agent A3iBtributor: Ifhrtinwliw Supply Co (Pto) Ltd No. 7 BuM Batofc 5122. *****. Trt: WHO Fac MMtll
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      26 31 Line* and service# represented by Members of the Registry of Accredited (;C0B;| Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
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      47 31 the FAMOUS Ivikiwum I—g mim For more information pleaae refer to Pg. 13 TAA revisions: an end to dispute in sight? Page 2 Sino-S Korean accord allows for direct flights in the north, Back Page PLAY SMART Be part of the good life. Lifestyle. Everyday. Business Times
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      1714 32 37,„. fljPOW— lMPOBT«~| I I WORTH AMERICA] QTHER DEBTINATIQN& I J II MMtauitMßmnwbll I T <? tA»T W A»T tW TH AHWMA WIYtW i 'Tl£^ g I lrl!? I¥¥T 11 nL T*ct a> I dm. houstorl cue nt |mucoart *sm stm iw« mrnao dkiwo mrios munum _mmm_ ffm/wtjn. u»MKin mum
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      1374 33 I: OOCL (S) PTE LTD JARWNE SHIPPING AGENCIES 557 TEL- CFS: 03-*****42 200 CANTONMENT ROAD. #12-05 SOUTH POINT. SINGAPORE 0206 PFNANG TEL *****4 FAX *****1 CR NUMBER. **********0 C TEL. *****4 rAA *****6 U. IBfU. DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) TEL *****12 FAX: *****14 (OPNS) j CUSTOMER SERVICE TEL: JQHOR
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      Page 33 Advertisements Column 2
      1681 33 IF YOU HAVE THE CARGO WE HAVE THE CAPACITY I Veaaol Voy ETA ETD I Feadared by S.i«- soco. 2 destinations I ETA ETA ETA tiv. wee* maoison MAERSK vMo» I \£KjUA£JQQ^QSDQS^BQj&itti|aajujßßS^^^BESß^&B9i 02 06 oaoo hrs J CFS 01/00 2359 HRS JO« LW PEN OAK |LQB SFO MEM ATL MIA
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      1138 34 i I A I A I SftTl I mm w M w i i NOTICE OF REMOVAL t 4 i We are pleased to inform that with effect from 1 August 1994, we will be moving to our new address: I HAPAG-LLOYD (SINGAPORE) PTE LTD 200 CANTONMENT ROAD #08-02, SOUTHPOINT
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      556 34 AFGHANISTAN MAM Afghanistan Ltd., Halratan, Torghundl, Islamqala (Doqharun) C.1.5./RUSSIA: Voalochny, Vtodhrootok, Moocow, Mu, TMMmt, Mratak, Alma Ata, AihgibKl. Duolwnbo, KM* N Koroo: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE VESSEL SIN DKR Ned Oceania V.2254 03/8 30/8 Ned America V.2264 09/8 08/9 CGM Korrlgan V.2274 18/8 14/9
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      1182 34 norasiaj r OTANT fel LHA I WLLE D MYORA Ho 4* 02/ M 30/ M V*» I NORASIA AL-MUNTA2AH 9430-3 03/08 26/ M 27/08 29/ M 30/ M 31/ M 01/09 03/ M I VILE 0E LYRA YO4W 09/08 M/M 31/ W. I NORASIA SAMANTHA 9431-3 10/ M 01/09 02/09
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      1255 35 sW STRAITS SHIPPING PTE LTD I M 10 Hm Chiang Road #11-01 Keppel Towers Stausort 0208 Td: *****88 Fax: *****17 I NEW GUINEA PACIFIC UNI mmp (A service of china navigation co) I CARGO DUE UIS I STRNTS mx KMC Muara. LA. UK 2! M 29 M 30 Mi FCL,
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      2075 35 m SINGAPORE AGENT: 110 /"V P&O Containers (Singapore Agencies) Pte Ltd W m jIIIII lICFn 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Teiex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT „n T .PC LEH T VtlMl VOY ANT GOT HOT HAM
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      41 35 0 ORIENTAL LINES I INDIAN OCEAN SERVICE CONTAINER/BREAKBULK ETA ETA ETA ETA ETA SINGAPORE COLOMBO MALE MAHE **o***** M.V. ARGOMAR 1 3/8 10/8 15/8 M.V. ORIENTAL 2 10/8 17/8 19/8 24/8 27/8 Agents: Inchcape Shipping Services Bookings: *****54/*****98 Fax Wo: *****88
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      579 36 i|K EKA JAY A AGENCIES ld||f TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE I~"ho cm mux city 1 eaom |mamo»how/p««ct I _UMHT HOI I »mm ircnmttMijtj MLVWCHAM 11HI t^ma— i ImSM I IIWBI IHWHI WltlAMWil I IIIIM I TTWMfIHRIHHi 1 T6 VtgTkAM/W(bM6 —cbHrun^Mibin .wt HRWI CENTER-POINT \mn
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      1131 36 I @HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 111 I SALES TEL:- *****30-233 pOCU MENT TEL: 11 1 In* WL SW UK HAUL StA TV« Po* KsTaUf "l/J "I/J I I HANJM SEATTLE 034E 30/7 OBECT 11/ l l»/« 20/1 HAIMN OJ4E 30/7 M. ASA 0"l J/' I
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      1162 36 Im ik mc nc ra »ianHnouiasH htciw h a nr m m ob Ha scr K* (aMK T/l VI 7/1 wt IVI 11/1 17/1 U/l 11/1 2M 31/1 IV* IVI U/l MW IM S/l M 14/14»/N JVM f smtT KM I/I wt 14/1 "/I rt/1 a/I n/1 »/i an wt
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      1718 37 111 sex: 'CALIFORNIA LUNA 67E' eta sgp 03/08/94 H I ARRIVING LOS ANGELES 20/08/94 IN 16 DAYS II wlwOiv I AEX:'NEPTUNE DIAMOND 2*' ETA SGP 03/08/94 II 11 I ARRIVING NEW YORK 27/08/94 IN 23 DAYS us*c —camp* i m to i o»r van i ».t i i .111 ...i
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      1026 37 A MULTILINE SHIPPING PTE LTD Vv (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 V BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 k A BLASCO: INWARD *****65 OUTWARO *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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      1368 38 AS AGENTS: LIME (SINGAPORE) PTE LTD (CI NO: 12M*****00H/GST REG NO: H2-*****19-S) K TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA: "R" LINE MARITIME (MALAYSIA) SON IHD I Wm Wfj TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I A INDONESIA: P.T. SAKANA LAUT WIUWIA,
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      1113 38 ©APPENSHIP HAMBURG W CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING POUTS OBCHttGE/KMONG FOR ANANOEL PEACE RTM 06/07 SPORE 05/08 SEAKITTIE HAM 01/07 SPORE 19/08 ELENA V ANTW 05/07 SPORE 06/08 /iTh ISLAMIC REPUBLIC OF [accepting cargo to gulf ports 1 IRAN SHIPPING
      1,113 words
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      949 39 PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cecil Street #03 PIL Bu,Win B* Singapore 0106. I KOTA 8 ABAS SSBOI7 31/7 3/S 7/8 KOTA MULIA MWLOII 31/7 3/8 7/8 'K. Mi ANA (BSIT/LCH) BNAOI9 2/8 5/8 9/8 BUNQA TERATAI 4713 2/S S/8 S/S KOTA MU7IARA MUTOO3 2/8 S/8 8/8 KOTA CAHAYA
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      923 39 I HUM yQT sw It mm hmcmk thomis kottikdw wiraor I I|l WIU PHYMA HO4W 02/00 2*/°* /M 7/M n/M 30/W I 111 WUt Of LYUA TO4N 09/ M 31/0» 02/09 03/09 04/00 00/09 I II Vt.lt PI Vt6A GO4N 14/01 07/09 09/09 10/<W 11/09 13/09 I jl| DC WLA
      923 words
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      802 39 M. MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.KIf Pen f.Gdt AVA VI29W 04 05 Auf 30-03 Auf I IHPA-AN V2O4W 30/31 Jul FATHOM VI3OW 00/09 Au| 30/07 Auf PAGAN V2l2* 12/14 Auf 00/10 Auf MALATSU AfiEHTS: MUSTEAD MPTM6 AONOES ML TU <3-*****00 PKL 18.
      802 words
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      1456 42 >ge CM^sl Ii99HHiHI COSTM SpMMtTn LTD fiSSiSuS o^rt»-gj-gj"*"' f j*«g*f *<* i 7OS M«: 2SS3O COSH IP Convtntional: *****50 0/0: *****85 C«mvmtm*l. 4ZOS/4* y** jfrgT 2 CR N* **********0 M Fu: *****08 Brwfc*o/fc Src Docs: *****50 I*'*™"?** 05 30 ,0 UCff No: CCSO r Fir *****15 F« 2261«« esr NO;
      1,456 words
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      Page 42 Advertisements Column 2
      688 42 /■PICROATIA LINE EX JUGOUNUA) I KSSEL VOKL n PNG LOAOW6 f» LOSMJ 24 AUG 27 AUG Alexandria. Beirut Istanbul. Trieste. (toper. LattHia. Limassol. Heron. P Sax) Riieka. Vernce SIOVENUA IS SEP 18 SEP -do General Agents: EAST MOUNT AGENCY (PTE) LTD Siifaport Kuala Lumpur Port Kctanf Penary SPORE •A' VESSEL
      688 words
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      180 42 /Cnorbuu^ I (uJWyJr* NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOODjERVICES___| I SEA SONNET MPT 01/1 FLU/WAM/ANT/l! I I TIANUNG 15/S 17/1 FIU/ANT/W I LOADING FON I I NONBULK TUN 20/8 24/« DBN/CPT/EL I I ALSO LOADS TAWAU. KK. TG. MANI PK SWm/SABAH LOADING FON
      180 words
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      678 43 snipping Times, Friday Jnly Z9 1994 lM FAMOUS CONTAINER LINES I 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 I ;9? HOT LINE: *****33 (24 LINES) I .GOTHENBURG/SCAN 31/7 ROTTERDAM 30/7 I AARHUS/COPENHAGEN 31/7 HAMBURG/BREMEN 31/7 I MARSEILLE/FRANCE 03/8 FEUXSTOWE/UK 01/8 I BARCELONA/SPAIN 01/8 LEHAVRE/FRANCE 03/8 I GENOA/ITALY OVB ANTWERP/BELGIUM
      678 words
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      768 43 t VESSEL 1 VESSEL VOY SJN PEN ■§1 1 BHUM n» Fri |In Pi" Ty V% I DeJA BHUM 4521 Ffi Ilw Pt~ St 38/7~ M Tnnr vOY KIM IKK i BHATRA BHUM 408 St_ 30/7 _Ty_ _J/|_ x KOTA SURIA SUWQI7 Sun 31/7 Ty 3/7 kILaNTA BHUM 204N Sat
      768 words
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      233 43 f^^icjjsn^snsiicKns^TnTD UTEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Line®) CR NO.: **********0E Vnml Voy BTA iLoadtaf for Spor» Abbey Woiu 40WB 15/08 Mombooa. Djibouti Aimb. Mo—w« Abbey Worn 41WB 15/10 Mombasa. O|ibouti Am it. Mimii A IN LINES ACCEPTING BOTH FCL/LCL ALSO ISO/SOC Venal *y Spore
      233 words
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      497 43 Qumramtfd SallhtMs to:BAM6KOK/LAEM CHABAME/LAOS 30/7 (SAT), 2/» (THE) TOUT KELAWG/fOWWG 21/7 (THU). 29/7 (FW) HONG KOW6 »/7 (FRQ, 2/8 (TUE) JAKARTA »/7 (FW) 1 twwui/cau/awc mt v* (tue) HO CHI»—I 2>/7 (F«) MIMIWII 31/7 (MO mm 1 31/7 (mo E iJiiLmmnf I fj] PONGNAMA LINE VESSEL f* M PNG MC
      497 words
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      1518 44 ASIA HKG/TWN/BKK GENOA/EUROPE i PCN m. SIN 5 S/ULW6S/MEK PEN PK SIN 30/7 31/7 1/8 HKG/BKK/KEE/KHH Gonoa/Barcetona/Marseies 1/8 2/8 3/8 1/8 2/8 3/8 HKG/BKK/KEE/KHH G'burf/Chafen/S'hofcn/Oslo 1/8 2/8 3/8 3/8 4/8 5/8 HKG/BKK/KEE/KHH IVI 31/7 i tdn/FI»/Rtm/Ant/Ham/Leh 29/8 30/8 1/8 BHSS/pusan JPN/KOREA/MANILA ™.£i l^!Sl25 0/P OUOAN MW/Cbu 3/8 4/8 5/8 KEELUHO/KAOHSWWQ
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      Page 44 Advertisements Column 2
      177 44 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD ETA ill HI sraf POUT HUANG ft NAM. am Mot iv; Loading tot Male KIWAI HUOHU 20/8 loadmi tor Dubai OOIiHN In Poet Uadtng Fof Malt men sum* 3/1 loading For Matt UMMEOH 8/8 loading For Male PWOKK mil 15/8
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      Page 44 Advertisements Column 3
      1097 44 f 0 THONG SOON UNES PTE LTD 1 I /\V\ 78 SHENTON NAY #10 01, SINGAPORE 0207 I I V/ VV TU: 227-5088 FAX: 227-6011 I I y TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND —j— ——r— ——r— VESSEL
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      676 45 FMTyjTL#J a j •4 H M Cf kf M PfV/( ORIENT LINE" JAP AM/BAY Of BENGAL/JAPAN SERVICE ACCEPT* BKMBUK SOC CARGOES TO/FROM KOBE. YOKOHAMA, NAGOYA. MOl, TORTO*, imtl', OAKAO*. V Ptftanc* P. Kttaf Smfapore EMaa* •t lIVIAEVERETT WIE to PI/29 M 30/31 U <- SStAKYEAETT VISE 10/11 Am 12/13 Au|
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      Page 45 Advertisements Column 2
      235 45 181, 6LOBY NAVIGATION CROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN SINGAPORE TO KOMPONG SOM •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 29/7 1/8 7/8 16/8 GLORY SELATAN IX 6/8 8/8 SP KOMPONG SOM GLORY SELATAN VIII 8/8 11/8 LINER SERVICE USA, VANCOUVER, VERACRUZ
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      Page 45 Advertisements Column 3
      586 45 7 PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK > CONTAINER SERVICE VOY SIN KARACHI BOLAN 1M HW 23 OS 02/09 I Si A MA BAD 124-HW 25/ OS 04/09 HYDERABAD 133-HW 12/09 22/09 IMURAN 151HW 22/09 I 02/10 FAR EAST CONTAINER SERVICE ONLY J Hyderabad i32-owis/oa i9/oa 23/oa|2S/os|27/oa|2»/o« j ***** liso-owl
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      Page 45 Advertisements Column 4
      708 45 FORTNIGHTLY DIRECT CONTAINER SERVICE R SIN TO I DURBAN/P.ELIZABETH CAPETOWN/LAGOS I VESSEL SIN DURBAN P ELIZABETH CPT LOS i I VIME/100 28/07 09/08 10/ OS 12/08 30/08 I SHUN ME/105 11/ OS 25/08 26/08 28/08 15/08 I TAO ME/87 26/08 09/09 10/09 12/09 30/09 I JIAN HE/87 11/09 2S/09 26/09
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      Page 45 Advertisements Column 5
      262 45 SjN FAR EAST 02/08 KEELUNG/KAOHSIUNG 31/07 BANGKOK 31/07 MANILA/CEBU 31/07 JAKARTA/BELAWAN/SURABAYA 31/07 PORT KELANG/PENANG/E. MALAYSIA 31/07 BUSAN 31/07 TOKYO/YOKO/KOBE/NGO/OSA 31/07 HONG KONG SjN CHINA (*■*±•*o) 31/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SM EUROPE/UK 01/08 LDN/FLX/LVP/SOU 01/08 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SjN USA/CANADA 31/07 LOS
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      671 46 PHI LI Oft It NT LI MS PT€ LTD VlOB Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 p. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H^ A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION 1 AUG SYDNEY. MELBOURNE, BRISBANE. FREMANTLE 4 AUG AUCKLAND. WELLINGTON,
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      Page 46 Advertisements Column 2
      332 46 y Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 03 AUGUST (Accepting to all Maw Zealand porta) PENANG S AU6 JAKARTA 31 JULY PORT KLANG 4 AUG BANGKOK 31 JULY MELBOURNE 1 AUG SYDNEY 1 AUG BRISBANE 4 AUG FREMANTLE 31 JULY ADELAIDE 12 AUG G AUG I DNG TO ALL
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      414 46 Next Week's Sailings FIRST FORWARDER IN To: ETD To: ETD asia awarded Singapore Singapore ,so 9002 BY LRQA EVERY EVERY Bangkok SUN Jakarta SUN Wl EVERY EVERY L/H Manila SUN Ho Chi Minh FRI (U) EVERY EVERY Colombo TUE Limassol THUR INTERNATIONAL SEA FREIGHT FWWAMW Tel: Fax: AND LOGISTICS SERVICES
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      1448 47 CONTAINERISED "HUB" SERVICE I F I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I WHO H UtHU*M «W j »YWO WT «N j* FRANCISCA SCHULTE 02E 15/08 I 19/09 21/09 26/09 I 27/09 I 30/09 I 24/10 I ALEXANDER SCHULTE 03* 02/09 I 07/10 09/10 14/10 I 15/10 18/10 I 13/11 CANOfUS
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      Page 47 Advertisements Column 2
      452 47 CEYLON SHIPPING CORPN rcSlg) Notional Line of Sri Lanka CONTAINERISED SERVICE TO UK AND NORTH CONTINENTAL PORTS Bfr-. I Wl I I »0 I UB I 111 fW j> mcaowo mm n/u urn 7UM U WUMI M») M/M M/M m siguu mm u/m m/m */m vm nm mm mm vmmm
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      Page 47 Advertisements Column 3
      520 47 |C CONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.47 I VESSEL N. KRUPSKAYA PRIMORSK PAVLOORAO PETROOVORETS PMOZERSK DCKABMST POUTS EBI4 1811 Mil EBl7 EBlB EBIB BUENOS AWES* SoMod SaMad 22-27/07 03-06/08 24 27/08 0»08/08 MONTEVWEO Sa—d SMM* 2828/07 08-07/08 28/08 OS-10/08 WO OH AN DO SO MM 13-14/08 04-08/08 14-IS/09 DURBAN
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      Page 48 Advertisements Column 1
      395 48 VESSEL VOYAGE SINGAPORE MANILA LANKA MAHAPOLA *****N fl/9? (AH) M/W (WEP) PERVOMAYSK *****N 02/Q8 (TOE) WQt (3*T) VIGOUR PACFIC *****N (FK|) WW (MP) AY MS Y LANKA MAHAPOLA 09/°* VESSEL SINGAPORE SANTOS CEBU NKOLAY MOROZOV *****E 31/07 (SUN) VESSEL SINGAPORE I*)ARA NX PLAY MOROZOV *****6 29/07 (FRI) 30/07 (SAT) 31/07
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  • Page 48 Miscellaneous
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      Page 48 Miscellaneous Column 1
      280 48 TODAY'S TIDES (height in metres) g HOW 90N 0100 0200 0310 MM 05M 0100 0701 0100 QMQ 1000 UN 1290 1300 1410 15M 1600 17M IMO IMO 20N 21M 22M Z3f| 14 12 U 24 2.4 2.1 14 1.1 04 04 0.7 04 1.3 1J 2-3 24 2.4 12 14
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      820 49 I ▲HYUNDAI I MERCHANT II WESTBOUND TO EUROPE BKG: *****61 I Ipwa* pke* pgr rasas vqy Isw I rtm *ht* leh* mm tm m. I 27/07 29/07 30/07 H EXPLORER 312W 01/01 19/00 21/00 22/00 21/00 21/00 23/00 I I 03/00 05/00 06/00 NOR FRBOIRG 312* 00/00 26/00 20/00 29/00
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      Page 49 Advertisements Column 2
      528 49 straits service 11 SPECIALIST IN RO-RO i HEAVY LIFTS 11 IMBOUWD VESSELS |i| HESSEL VOV SP PR RIIC RR MM MT I| I sown av» i/i l| CHMTION TRACER 40 7/« I j ORANGE MOON 54 11/» I j REBMM )1 11/ l 13/1 IS/t I OUTBOUND VESSELS II LOADMC
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      Page 49 Advertisements Column 3
      913 49 JEDDAH/UK/CONTNENT STORE IB) S'TON HUM RDAM LEU *Mm AcorM( Cap Fa UvmUSEN EXPRESS 19/329 31/7 1/1 17/1 21/1 22/1 2«/ l :tod UR RntteNn Mml ad Oatfc RATSURAGI 22/131 3/1 20/1 23/1 25/1 IMtaNaa :to M AMm*. ImMm, o*. NdMM KITAM) 2«/33l l/l U/l 24/1 27/1 M/l 31/1 :to4 UR
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      41 50 >[?'=)"?:,*<'+?``"'!')^*:),>^?| I .'^CARPENTARIA^:;:: 7500 A Beach Road, #08-*****2, i The Plaza #qapore* Accepting Heavylift Breakbulk SOC to from MANILA SUBIC BAY Direct Enquiries Bookings S pore Tel: 294 5022 Ext 227 Fax 297 1930 K.L. Tel: (03) 731 6842/3/4 Fax (03) 731-6860
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      Page 50 Advertisements Column 2
      6 50 INVESTMENT 1 Tomorrow in Business Times
      6 words