The Business Times, 16 April 1996

Microfilm: NL20595
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES lITA (P) 046/1^95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, APRIL 16,1996 85c
    13 words
  • Article
    MARKET SUMMARY
    34 1 11 1 ,91 sra U MMJK+BJI) D SmST-10.74) DStJB^+l.ls) j mm njBOOMP J55 +55 J «BB1 tW8M4__.+aU7 SAW SENG MMM7.....+».77 «JAiteTA mwuoQ«p. tt—wn *rat« +11 jj 1 «S£caS?t~~~mn +ttM W l55r~lhSI JMA
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  • Article
    FINANCE
    50 1 QC8AMB mp 08f.. ....417 i— im tm m _miI AM Sim Mci UK «JM CM II— iwua m e.06i SWQATOK* 114 KUALA LUMPUR.. 8.15 JAKAITA t&W BAMKOK 1171 ■AWL*— 14.M woMmotn „A7fc U8M—'X 1M tmm H7i vmw— in ■IBL- UN WAWgMB-*,....;, LORDOi Ut NEW YOU ~nm (Source: NatWest Bank)
    50 words
  • Article, Illustration
    Plans to sell Paragon may be on hold
    467 1  -  Sogo said to be reviewing options after receiving bids including Parkway's By, Jenny Lam [SINGAPORE] The Paragon shopping centre may have been taken off the market although several local property companies, including latest contender Parkway Holdings, have offered to buy it. Market
    467 words
  • Article, Illustration
    Lock icon Taxing time for Revenue House traffic
    129 1  -  By, Aireen Phang [SINGAPORE] Street vendors selling newspapers? No, it was D-day for procrastinators as they rushed to beat the deadline for filing tax returns. Quick-thinking officials from the Inland Revenue Authority of Singapore (IRAS) met them half-way yesterday, collecting returns from motorists who
    ARTHUR LEE  -  129 words
  • Article, Illustration
    Lock icon Shares gain ground across Asian markets
    450 1 Nikkei chalk* tip 222-point gain to hit 4-year peak Reuter [HONGKONG] Tokyo shares hit a new four-year peak and Taipei's key index closed at its highest level in 11 months yesterday as major markets across Asia gained ground. Hongkong added almost one per cent,
    Reuter; Source: Bloomberg & Bridge Info; ALLAN  -  450 words
  • Article
    Home-loan price war not on the cards, say analysts
    470 1  -  It would go against MAS bid to cnrb asset-price inflation By] Lee Yoke Har and Siow Li Sen [SINGAPORE] Banks here are unlikely to mount a full-scale price war for the housing loan market despite being flush with funds to price
    470 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore sees double-digit growth in electronics
      327 2 Industry facing cyclical slowdown bat this is no cause for alarm: Trade and Industry Minister SINGAPORE is confident its electronics exports will post double-digit growth this year despite a slowdown in the global personal-computer market, Minister for Trade and Industry Yeo Cheow Tong said
      327 words
    • Article
      NCB tests paperless trade on ministries
      210 2  -  By' Toh Han Shih THE National Computer Board (NCB) is testing an electronic commerce network, using the government's ministries as guinea pigs. "NCB will use the government as a test bed to try electronic commerce applications, for example the Electronic Procurement System (EPS)," said
      210 words
    • Article, Illustration
      Lock icon Health-conscious Asians gulping more fruit juices
      398 2  -  Total imports for STpore, HK, Japan and S Korea soar 73% from 1110-94 By< Chuang Peck Ming INCREASING health awareness has led to a big thirst for fruit juke in Asia, particularly in Singapore, Hongkong, Japan Mid South Korea, says a new study by
      Source:; ALLAN  -  398 words
    • Article
      FJ Benjamin to expand into Thailand
      183 2 THE FJ Benjamin group, a leading fashion retailer and distributor here, has formed a joint venture to penetrate the Thai market. The company yesterday said it had signed an agreement with Santco (Thailand) Co Ltd to set up a new subsidiary F J Benjamin
      183 words
    • Article
      Hotel check-in made simple
      217 2 SWIPE and sign that*s all a hotel guest may have to do in future to check in. And instead of joining a queue or being joetled by tour group crowds at a hotel reception counter, guests could get the check-in process out of the way altogether
      217 words
    • Article, Illustration
      Nomura expects 9.1% Q1 growth
      311 2  -  EYEOXTHEECOMOMY GDP By, Anna Teo IN what is one of the highest forecasts so far, Nomura Research Institute has estimated economic growth of 9.1 per cent in the first quarter. The market consensus is about 8.4 per cent For the preceding 1995 fourth quarter, growth
      311 words
    • Article
      Four bids for job to mount ERP device on vehicles
      344 2  -  «ilnllir 640,000 nUeki will take op U year U complete By Christopher Tan A TENDER to mount a device on about MO,OOO vehicles in preparation for the electronic road-pricing system has drawn four bids. STA Inspection, Vicom, Invo-Tech Engineering and
      344 words
    • Article, Illustration
      NEWS Roundup
      2 2
      2 words
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      Page 2 Advertisements Column 1
      205 2 I This part-time programme equips students with well-rounded skills in Computing and Information Systems. It comprises three levels of study and each level takes a year to complete. Levels 1 and 2 each consists of four full units, while Level 3 consists of a compulsory project and four to six
      205 words
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      Page 2 Advertisements Column 2
      151 2 pffiGREAT ESCAPE...LOMBOK! 1" I Our 40% OFF offer just the excuse you need to unwind in Asia's most I I V relaxing new tropical getaway. Set within 5 hectares of lush gardens on 1 I Senggigi Beach is the new Holiday Inn Resort Lombok which offers I I gracious and
      151 words
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      Page 3 Advertisements Column 1
      122 3 mr^M *B Mil Vm* Bb; RE*.*-. §£gg*& if* i^*ff'j*H»» i -v-3 ~t~4- T-. < <yyyj£MM 'i rvM l i A "i'ii fii 11 jl' t H rr 'T j i_ 1 i I Ir l 11 i < n iit jfitoA«ai v T T i i 4i ml8r fcfco #m^<^i^bl
      122 words
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  • FOCUS: PROPERTY
    • Article
      Evergreat gets institute job
      225 4  -  By Michelle Low [SINGAPORE] Evergreat Construction Co has clinched the contract to build the new Civil Service Institute Building with a tender bid of $34.5 million. Evergreat Construction's quote for the Buona Vista Road project was the lowetot submitted. Other bids ranged between $38 million and
      225 words
    • Article
      Over 60% of Tower One in Suntec City sold
      115 4 [SINGAPORE] Suntec City has sold more than 60 per cent of the office space in its Tower One since marketing started last October. The latest buyer is Daewoo Singapore, which has purchased 12,045 sq ft of space covering an entire floor.
      115 words
    • Article, Illustration
      Too close for comfort
      497 4  -  onraoraßTf OOfcPMM Should condos be allowed at the very edge of the Mature Reserve In Bukit Thn&h? By Lee Han Shih WHAT led the Urban Redevelopment Authority (URA) to allow developers to build two large-scale condominiums at the edge of the Nature Reserve inßukitTimah? The condos
      497 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      283 4 Frcdtold Shophouses along Upp Sm g nßaul ®TOT a Site area approx 14,182 sq ft I -v. 1 f uvnll(c 9 Shophouses with backlane n H J/ Designated for' Residential' II development up to plot ratio 3.0 Near proposed Serangoon MRT Station I Auction Date Tuesday, 23 April 19% /1
      283 words
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      Page 4 Advertisements Column 2
      236 4 LARGE LAND AT Excellent location In District 11 Large land area of 10,540.5 sq. m or about 113,458 sq. ft rnT" /<& PLAZA X r&AMnu KOAD Estate in fee simple /4y united v» Outline provisional permission for Plot Ratio of up to 2.8 height up to 30 storeys Sn Excellent
      236 words
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      Page 4 Advertisements Column 3
      206 4 Freehold Mixed Development Site Near Proposed KK MRT Station Located at Mackenzie Road 2 Site area approx. 6,287 sq.ft. p PP obtained for 9 storey mixed development with plot ratio 4.18. Date Tuesday, 23 April 1996 Time 2.30pm Venue Amara Hotel, Ballroom 1, Level 3 For further information, please call
      206 words
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      441 5 The LS4OO. Is it tin e lap of luxury or tk e seat of power? jx)u decide. Life, it has teen observed, is a series of than satisfied with the 260 horses that, when fully feet, one can also fin J comfort in power at hand, compromises. A maxim that
      441 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon 160,000 firms seeking to delay wage hike
      392 6 JAKARTA Govt increased daily minimum wages by average 10.6% on Apr 1 AFP Reuter A TOTAL of 160,000 Indonesian companies have asked to postpone raising their employees' wages to meet new gov-ernment-set daily minimum wages, which was increased by an average 10.6 per
      AFP; Reuter  -  392 words
    • Article
      Lock icon Building sector growth set to slow
      423 6 KUALA LUMPUR But it will remain robust even after Cweath Games projects analyst AFP THE BUOYANT growth of Malaysia's construction sector is set to slow after major infrastructure projects are completed for the Commonwealth Games in 1998 but the industry will remain robust, a
      AFP  -  423 words
    • Article
      Vietnam scraps 15% tax on foreign banks
      379 6  -  Banks say relief not enough as they still pay tax on turnover By Harish Mehta [SINGAPORE] Vietnam has scrapped an unpopular 16 per cent tar on foreign banks' turnover following vociferous protests by the banks which feared their profits and development would be
      379 words
    • NOTE Book
      • Article
        Lock icon GM to announce SE Asian plant by June
        78 6 Bloomberg Business News -ii i >'» —w [MANILA] General Motors Corp said yesterday it planned to announce by the end of June the site of a US$l billion (811.4 billion) car plant it will build in South-east Asia. The Philippines and Thailand
        Bloomberg Business News  -  78 words
      • Article
        Lock icon Proton 400 set for Croatia launch
        55 6 Bernama [ZAGREB] Perusahaan Otomobil Nasional Bhd (Proton) will launch its top selling model, the Proton 400 series, here on Thursday, making Croatia its 31st sdport market Malaysian Prime Minister Mahathir officiate the launching ceremony at the Malaysian Products Exhibition *96 at the Zagreb Spring
        Bernama  -  55 words
      • Article
        Lock icon KL calls for review of colcaial laws
        43 6 AFP (KUALA LUMPUR] Malaysia yesterday called on Commonwealth countries to review laws inherited from former British colonial rulers to allow than to deal affectively with the problems of current economic growth. we must llbersteourwtves from". g?''
        AFP  -  43 words
      • Article
        Lock icon Indon soldier runs a in Irian Jaya
        65 6 AFP {JAKARTA] An Indoneal&n army officer ran aaok at an airport in Irian Jaya yeaterday, shooting dead ap to 16 people and wounding a similar nqntfxr, soun»e said. The lieutenant, a soldier In the Kopoesus special forces, opened fire at dawn in a
        AFP  -  65 words
      • Article
        Lock icon IMF backs Manila's foreign loss revision
        44 6 AFP yesterday said it supported a lawmakers to Increase the country's foreign borrowing ceiling to US$2O billion (S*» billion). A "change in the ceiling or some form of adjustment would be appropriate", said IMF representative David Nellor. —AFP
        AFP  -  44 words
      • Article
        Lock icon KL to verify firearms permits
        52 6 Bernama [KUALA LUMPUR] Malaysia's Home Ministry will verify the authenticity of firearm permits issued nationwide, Deputy Minister Megat Junid Megat A yob said yesterday. He said the verification exorcise, which would start soon, would cover the process of application, adherence to procedures and how approval
        Bernama  -  52 words
    • Article, Illustration
      Lock icon New govt won't let E Timor affect Indon ties: Downer
      341 6 JAKARTA AFP AUSTRALIA's new government does not want the issue of East Timor to dominate its ties with Jakarta, its new foreign minister, Alexander Downer, said yesterday. "I don't want this (East Timor) to be the issue that dominates the
      AFP; REUTER  -  341 words
    • Article
      Lock icon Market access draws Japan firms to Asean: survey
      289 6 TOKYO AFP ACCESS to local markets was the major driving force behind Japanese companies relocating to the Asean region, according to the findings of a survey released yesterday. The Japan Extrenal Trade Organisation (Jetro) said 34.5 per cent of Japanese companies replying
      AFP  -  289 words
    • Article
      Lock icon Support for levy on day trips
      118 6 TOKYO Bernama THE Japan Travel Bureau (JTB) has expressed support for Malaysia's move to impose levy on tourists spending less than a day in Malaysia, including Japanese who cross over from Singapore. JTB managing director and general manager for overseas travel Akio Yokomizo promised
      Bernama  -  118 words
    • Article
      Lock icon Exchange elects new directors
      139 6 JAKARTA Reuter MEMBERS of the Jakarta Stock Exchange yesterday elected a new board of directors and commissioners, including one of President Suharto's daughters. The Jakarta Stock Exchange (JSX) said in a statement Cyril Noerhadi, head of the Indonesian Securities Clearing and Deposit, had been elected the
      Reuter  -  139 words
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      Page 6 Advertisements Column 1
      216 6 How many days does it. take tQ..cls?r a US Dollar cheque? w; /1 /Ji /11/ I iV mm J W&mmm- 9IV' Introducing the UOB Group quicker and reduce the foreign WE'RE UNITED US Dollar Current Account. Quite exchange risk on your US Dollar RFHIND YOU simply, when you deposit US
      216 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Taiwan official says talks with China are 'inevitable'
      321 7 TAIPEI I—rkiMteat* •ffidal emUct, new Waned, will graiully be&lltwed AFP THE head of Taiwan's top mainland policy planning body yesterday signalled a possible change in the official nature of the government's contacts with China, saying for the first time that political talks
      AFP  -  321 words
    • Article
      Lock icon Mainlanders may sell Taiwan stocks
      121 7 TAIPEI Reuter TAIWAN'S Mainland Affairs Council (MAC) agreed yesterday to allow the island's securities and futures brokerages to engage in limited transactions with their Chinese counterparts, the official Central News Agency said. Under the new rule, Tai- wan's brokerages and their overseas branches will be
      Reuter  -  121 words
    • Article, Illustration
      Lock icon A moving floral display
      58 7 [BEUING] Chinese workers inspecting part of a display of tulips at Beijing's Zhongshan Park where a Sino-Nether land tulip exhibition opened yesterday. About 500,000 tulips will be displayed in a month-long exhibition to promote friendly exchanges between the people of China and the Netherlands. The display
      REUTER  -  58 words
    • Article
      Lock icon Majority of HK businesses to remain after 1997: survey
      251 7 HONGKONG 13% of respondents expect to stay in territory AFP THE majority of Hongkongbased trading and manufacturing companies win remain based in the territory after the handover to China next year, a survey showed yesterday. The survey, carried out by the
      AFP  -  251 words
    • Article
      Lock icon People's Daily hails Li Peng's France visit
      244 7 BEIJING AFP CHINA'S official media gave a rapturous reception yesterday to Premier Li Peng's visit to France, hailing the trip as a watershed for China's economic and trade relations with Europe. A strongly Eurocentric commentary on the front page of the People's Daily
      AFP  -  244 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      61 7 Tung Centre 2.333 sM3AOOsf Parkway Parade 925.36 sf/3.184.965f 57/59/61 Robinson Road 52,528.32 sf (enbloc) Parkway Parade 15,537.44 $f (enbloc) A-Z Building 1.991 sf/3.982 sf/7.739 sf 174 Paya Lebar Road (Last Unit) Built-up area: 14.477.58 sf Lucky Plaza #02-00. 474 sf O First Capital Property Management Pte Ltd (A acaber of
      61 words
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      Page 7 Advertisements Column 2
      91 7 We provide consultancy services on offshore structures, shelf companiee and incorporations in ALL jurisdictions, inrludinf British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      91 words
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      Page 7 Advertisements Column 3
      508 7 ARCHIVER I (pip 11 Archiver mobile filing systems are highly I I IpEpE efficient storage solutions for books, paper, files, 1 I computer tapes, reels, cartridges, diskettes, binders B l j"j Widely used in organisations like banks, hospitals. I Archiver Mobile factories, radio &TV stations, government departments I I Ri'nfl
      508 words
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  • ASIA
    • Article
      Lock icon Poll panel to probe bribe complaint against Rao
      128 8 NEW DELHI AFP INDIA'S poll panel is to probe a complaint that a helicopter ferried cash stashed in 25 suitcases to Prime Minister P V Narasimha Rao's constituency to allegedly bribe voters, newspapers said yesterday. The Election Commission asked its officials in
      AFP  -  128 words
    • Article
      US, Japan to set new directions
      372 8  -  TOKYO Summit tMMmw mist important between the two ceutries since end ef Cold Wan Perry By Anthony Rowley PRESIDENT BUI Clinton and Japanese Prime Minister Ryutaro Hashimoto tomorrow will begin what US Defence Secretary William Perry yesterday termed the "most important summit meeting between
      372 words
    • Article
      Lock icon Tough US trade stance will stay, says Hashimoto
      149 8 TOKYO Reuter JAPAN'S Prime Minister Ryutaro Hashimoto yesterday predicted Washington would stay tough on trade as Mickey Kantor assumes the Commerce Secretary mantle and his deputy holds the fort as acting trads chief. US President Bill Clinton on Friday appointed Mr Kantor
      Reuter  -  149 words
    • Article, Illustration
      Lock icon Washington to scale back Okinawa base
      202 8 TOKYO AFP Reuter JAPAN and the US yesterday agreed to return 20 per cent of the land occupied by the US military in Okinawa. A separate accord on logistical support for American troops was also signed yesterday. Under the plan unveiled yesterday, the US
      AFP; Reuter; REUTER  -  202 words
    • Article
      Lock icon Doubts surface over strength of recovery
      264 8 TOKYO Econ«my can't stand nrm witnoot gm Mp minister Reuter JAPAN'S key economic policymakers yesterday voiced concerns about the fate of the nation's fragile economic recovery, saying that uncertainty still remains over the length of the recovery. Economic Planning Agency (EPA) Minister Shusei Tanaka
      Reuter  -  264 words
    • Article
      Lock icon Chun pocketed 143b won of slush fond: prosecutor
      238 8 SEOUL AFP JAILED former president Chun Doo-Hwan pocketed and hid some 143 billion won (***** million) of the slush money he collected from businessmen while in office, a senior prosecutor said yesterday. Senior prosecutor Lee Jong-Chan told journalists that Chun had some
      AFP  -  238 words
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      Page 8 Advertisements Column 1
      229 8 mm lilt m fl I Apparently the only I I things that move 1 I faster than the lifts at I I Suntec City's office I i l n I towers, are the floors. I mm mm iipp. B Office Tower 2 is completely sold out. Office Tower 1 is
      229 words
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      410 9 CEOs won't fail to notice fcS s I the management principles SB ofDrucker and de Bono in the new Mazda Royal Classic. Thinking, according to de Bono, is a tost art. Especially so, we believe, when senior executives look at luxury cars. However, there are always unorthodox thinkers who seek
      410 words
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  • THE WORLD
    • Article
      Lock icon Economy must be overhauled to reflect market principles: Waigel
      399 10 FRANKFURT Remarks seen as hurflMing change away from consensus in the workplace AFP THE welfare state has "reached its limits" and Germany must overhaul its economy to reflect market principles, Finance Minister Theo Waigel said yesterday. In hard-hitting remarks that were
      AFP  -  399 words
    • Article
      Lock icon Signs of G-10 growth already evident: Tietmeyer
      215 10 BASLE, Switzerland Reuter BUNDESBANK president Hans Tietmeyer said the central bank governors of the Group of 10 saw signs of economic growth underway already, or starting soon in their countries, but without inflationary pressure "All in aU, I think the outlook is improving,"
      Reuter  -  215 words
    • Article
      Lock icon Europe's businessmen less optimistic: survey
      179 10 LONDON Reuter EUROPE'S entrepreneurs are becoming less optimistic about economic prospects, according to a report released by the Si European Enterprise Centre yeaterday. 3i'» European Enterprise Index, which ia published semi-annually, showed European entrepreneurs remain more confident about their own companies' proapects but here too,
      Reuter  -  179 words
    • Article, Illustration
      Lock icon ANC politician joins private sector to revamp economy
      308 10 JOHANNESBURG Reuter CYRIL Ramaphoea helped the Africa* National Congress to wih pfwtr in South Africa. Now d»e party wants him to lead a challenge to white minority domination of the economy, politicians and analysts said Mr Ramaphoea, respected as a tough, shrewd
      Reuter  -  308 words
    • WORLD Watch
      • Article
        Lock icon EC not on British beef
        16 10 Reuter SSySStS a worldwide be<«y^ SjiiiiiM camiS bj TOSamwSMSSSStoSmSSi^^ta^d th.b^-^CJDd^couin?tW^l*-. v
        Reuter  -  16 words
      • Article
        Lock icon Israel to continue Lobanen e
        48 10 AFP (J^USAlJ^Ur^lr^vr^an-cal.ttnt diplomatic offensive aimed at ending its fltftferofe p military campaign to Lebanon. Israel's miHnwiiirr to H» US, Itamarßabinovlch said the time to talk will corae only when Hsiboilahiuerillaa halt their anti-Israel attacks. His on northern tome damafe but no<*wiltiss. —AFP t-v*
        AFP  -  48 words
      • Article
        Lock icon UK view on new monetary system
        76 10 AFP ii i idufinj Britain cua notoppoee Msootuani ro awe a new European Monetary System when it waadiSMMMdta Italy at the weekend, but merely reserved its decision on whether to participate, the EU finance commissioner said here yesterday. Commissioner YvesThibeuKde Bilfuy, told Journalists outside
        AFP  -  76 words
    • Article
      Lock icon IMF to endorse standard for disclosure of financial data
      457 11 WASHINGTON But meeting this menth likely to see tough debate over increasing fends for IMF Bernama-Kyodo AN INTERNATIONAL Monetary Fund panel is expected to endorse a global standard for disclosing economic and financial data when it meets here later this month,
      Bernama-Kyodo  -  457 words
    • Article, Illustration
      Lock icon This one's for days gone by
      43 11 [MOSCOW] A man drinking vodka from the bottle at the grave of his parents in Moscow's Domodedovo cemetery on Sunday. Russians traditionally visit the graves of relatives in their remembrance during the celebrations of Orthodox Easter. AFP
      AFP  -  43 words
    • Article
      Lock icon White House to correct distortions on layoffs: report
      219 11 NEW YORK Reuter A WHITE House study to be released at the end of AprU suggests that, over all, the harmful consequences of US corporate downsizing have been exaggerated in recent news reports, The New Yorker reported in its AprU 22, 1996,
      Reuter  -  219 words
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      Page 10 Advertisements Column 1
      590 10 Iffii 111 IBBI" II I I I ■MM I stable 28 SUPEBFLffT INVAR PlbTlffiE TUBE wcfc^ o£MN For distortion-free pictures with better resolution, brilliant colours 72MK88 33% Improved contrast 2 ■Bflßßfft HID Thomson's Techno Zen 72HK88 1s one TV that others wouldn't stand up to. It gives you the most
      590 words
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      613 11 "OVER /50CIOI, MDi and GMs ALREADY IN THE PROGRAMME!" The University of Hull England 1927 ■MBA "ONE OF THE MOST ESTABLISHED IN SINGAPORE!" FIRST to offer TQM and a Systems Approach to Creative Problem Solving FIRST to offer Entrepreneurship and Project Management as core modules Completion in 21 months *312
      613 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Open liability for auditors needs review
      703 12  -  nnMTTOM OPINION By Benny S Tabalujan The uaiter is senior lecturer in business law, Nanyang Business School, Nanyang Technological University. He is also associate editor qf Asia Business Law Review THE January derision by the UK administrators of the Barings Group to take legal
      703 words
    • Article
      IN OTHER WORDS
      153 12 1 realise I sound more like a 19th century Methodist preacher than a late 20th century interpreter of Asian economic success. TTiis is no accident What worked in 19th century Britain and America works just as well in Asia today.' -GMiPtttti Hongkong governor on reasons behind Asia's
      153 words
    • Article
      The OECD takes on corruption
      598 12 EDITORIAL THE resolve by the members of the Organisation for Economic Cooperation and Development (OECD) last week to crack down on corruption in international business Hpalingß is a huge step forward in fighting one of the scourges of global commerce. One of the most heartening
      598 words
    • Article, Illustration
      Is bull market over?
      1158 12  -  S«me say market madness in US is preventing investors from noticing warning signs of a bear market By] Leon Hadar The writer is BT's Washington correspondent OLD timers on Wall Street have proposed an original method to help investors decide when to start selling their stocks.
      1,158 words
    • Article
      Hardly anyone keen on option trading
      145 12  -  jgATT.WVf Denis Distant THE trading of options on a selection of stocks on the Stock Exchange of Singapore (SES) is almost non-existent in spite of being given a second chance. The SES should seriously consider either increasing the number of stocks in which options
      145 words
    • Article
      WHAT THE OTHERS SAY
      196 12 ONE of the most encouraging facts about the Chinese economy has been the success of the People's Bank of China in defending the international yuan exchange rate. Thus, talk in Hongkong about possible devaluation of the yuan could create perceptions about the short-term prospects for the
      196 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      40 12 SDTOAPOBE niK //£>&&& Q&f] =3^. pccPoon// V\OoooooVa oo Ooo6\ \oooooo\p H&OOO&Jl booonnw je Q TV"* $-Lnow —n jf T 1 3 I II 11I A s o, "-w w "shoo 9p, vf^ V? n n <1 fS\ r?j_jL—jjfi fe yv£\ sWe<6"<f
      40 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A tale of two golfers
      558 13  -  Augusta bore witness to a shocking reversal, reports larry dormaw LARRY DORMAN NYT AS he so often has, Nick Faldo saved his best golf for the last day of the Masters. And as he so often has, Greg Norman saved his worst. So Sunday, on
      NYT; REUTER  -  558 words
    • Article
      Lock icon The Shark just can't seem to catch big prey
      366 13 Greg Norman loses the scent of a major trophy again NYT [AUGUSTA, Georgia] When Greg Norman's tee shot on the 12th hole splashed into Rae's Creek, the ball could be seen in the water, but his dorsal fin had disappeared. In
      NYT  -  366 words
    • Article
      Lock icon How they fared
      161 13 AFP FINAL scores In the 60th Masters Golf Championship (USA unless noted): 276 Nick Faldo (Gbr) 69 67 73 67 281 Greg Norman (Aus) 63 69 71 78 282 Phil ii Mickelson 66 78 72 72 283 FWnk Nobito (Nil) 71 71 72 68 284 Seottftoch *****871,
      AFP  -  161 words
    • Article, Illustration
      Lock icon NY haven for arts aficionados
      1198 14 THEATRE Cultural tourism now big business for authorities, tour agents in Big Apple NYT [NEW YORK] Thirty wearylooking Volkswagen salesmen, just in from Stuttgart, Germany, sat in the first few rows of the Palace Theatre on Broadway one recent evening, having a post-performance chat with
      NYT  -  1,198 words
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      Page 13 Advertisements Column 1
      573 13 11 i! r/o i m where to wine, dine and entertain woftios largest; selling B€e r Where can we bring the pteAid&d f or dinner? -MM Sings Inn, of come! Singapore's largest outdoor seafood restaurant offers you die opportunity to dine under the tun and enjoy (he <xwf set breeze
      573 words
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      Page 13 Advertisements Column 2
      199 13 I i Lunch with a difference at The Mezzanine Our Sophisticated Sandwiches, with names inspired by faraway places, are a trip m themselves Sp ait our quiches, salads and sinful desserts In the inviting ambience of The Mezzanine, youH indeed have a most pleasurable lunch. For reservations please call 131
      199 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      65 14 FOR THOSE WHO PLACE QUflLflY ABOVE ALL YIMIB TIME IMS COME! ISO CERTIFICATION The Straits Times Supplement TUESDAY MAY 21,1996 Booking Deadline: TUESDAY MAY 7,1996 NOW YOU CAN MAKE A BUSINESS APPOINTMENT WITH HER. Great news. You can now enjoy CNBC's in-depth business news on Premiere 12. So if you
      65 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      184 14 THE WEATHHU Hhppom Showers over several areas in the afternoon. Temperature (33-24) AMU" 1 1 town 225 L A!m!? cm* JMJ Smby AM 21/10 lUi BuanAta 24/14 Shown Nfig_ WW Showera Berih W* Ooudy Cfaai OMS Shown Boatogr J4/28 CM Boa IVW CW> Hoooh* 17/11 Cloudy BnM 52.% Shown Copahagai
      184 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      139 15 Where to wine, dine and entertain /ufi& cortee lounge CONNOISSEURS RENDEZVOUS A popular rendezvous for connoisseurs of Syphon Brewed Coffee, Tea and pre-dinner cocktails. "Cosy, private and quiet' Just the place to relax, catch up with friends, clinch that all important business deal or simply while away the hours with
      139 words
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      Page 15 Advertisements Column 2
      118 15 Unwind witk golden bubbles at tke Hukertus Grill tkis Sunday witk a free glass of Gold Sekt Champagne, containing real 24 carat gold flakes. Tke perfect compliment to a Sunday Brunck, tkat even King Midas ind kard to resist. A ANA HOTa SINGAPORE 16 Nan. Hil, *****7. Ufl-xx 732 1222
      118 words
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      Page 15 Advertisements Column 3
      219 15 22-if April 1996 Salute your secretaries at our Golden W*r Room (Mezzanine Floor) 5 Wir*/" BgffQfft Catch Singapore s funny man Gunmk Singh on Wednesday 24 April ***** M $40 nett except 24 April 1996 $45 nett (24 April 1996 Freeflow of Evian water A coffee/tea 1130 am to 2.30
      219 words
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      Page 15 Advertisements Column 4
      165 15 Home Decor -For people who love their homes jSrJ2fc?s 1 v*-- >•> j 11 'J i4«njAtf dfi* J i IA'iib J TIs%4**1 > i/IferfktitiOTMUmaOKIj ■■HNHflMHHHj^^^BjS^Bg takes pride in providing you the most sumptuous feast enhanced by aii elegant 1\ BW f atnit ls P^ erc »P under one roof. i«t*
      165 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      698 15 TV&RADIO ILOO Tuesday Premiere Can- CM Berita QiQiQIIiIISBHHHHHIIHHHHiHMHBHHHB dyman. CM Muzik Muzik. J-JJ PM The Winners. LO6 AM The Bill. 030 Ekspresi kfoney, Money, Money 230 In Living Color. 10J0 Memo. jy* .L 2.28 The Tracey Ullman Show. 1130 Tunas Mekar How t0 Succeed in Busi- 2JW Mission of Justice
      698 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      250 15 CKVPTIC CROSSWORD 1 How we are influenced by the 10 Possibly, Her Majesty's make-up! K 11 Common in summer evenings (4) j|i^ endured being withered 16 Universally silent about practical __|__J__J__|_J__L_^ instrument (7) H I I I I Interfere, say, with port in Flori- _BBL_ 18 Afternoon meal left behind
      250 words
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  • CYCLE & CARRIAGE GOLF PAGE
    • Article, Illustration
      A difficult temptress
      1719 16  -  mcKLAUS dvmi paints an exciting picture of the challenges that pepper the Bangi Golf Resort NICKLAUS D'CRUZ The writer is the editor of The Asian Golf Review BANGI Golf Resort, in one word, is inviting. Inviting you to take on its clever design. Inviting you to beat
      1,719 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      370 16 In 1989, Mercedes-Benz ventured into amateur compete again for a chance to advance to the World sports through the development of the Mercedes-Benz Finals. The regional finals will be held on 14 16i" Trophy, an international golf tournament. August at Hyatt Regency Sanctuary Cove Resort Through the years, the competition
      370 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      QAF shares surge to $1.92 on news of Salim option deal
      421 17  -  Exercise of option would raise the Salim group's shareholding from 25 to 32 per cent By< Genevieve Cua [SINGAPORE] Speculative interest in food group QAF Ltd pushed its share price yesterday to a high of $2.06, in the widespread
      421 words
    • Article
      Meiban proposes 2-for-5 bonus-cum-rights issue
      255 17 Bights shares priced 52% lower than stock's Friday close [SINGAPORE] Meiban Plastic, a Sesdaq counter, Is planning a bonus-cum-rights issue which could expand its share base by up to 80 per cent to 111.1 million shares. The company is proposing to make a 2-for-S bonus
      255 words
    • Article
      Lock icon IBM sells 4.9% stake in CSA Holding for $9.3m
      152 17 Bloomberg Business News [SINGAPORE] International Business Machines Corp sold its stake in CSA Holding Ltd for $9.3 million, ending an association that began in the *****. An IBM spokeswoman said the sale was made in accordance with "corporate business investment guidelines".
      Bloomberg Business News  -  152 words
    • Article
      Related-party deals: the devil is in defining preference
      774 17  -  HOCK LOCK SIEW Tan Sai Siong A COMPANY director's life is no walk in the park. This is especially true of the non-executive director, whose case has seen no better advocate than Associate Professor Walter Woon, a law lecturer and a non-executive
      774 words
    • Article, Illustration
      Fels eyes more overseas power projects
      481 17  -  Plan disclosed in circular on USsl2ombond issne By < Conrad Raj (SINGAPORE] Far East Levingston Shipbuilding, the listed rig-building arm of Kep pel Corporation, plans to invest in potential power projects in China, Central America, India and Pakistan. This was disclosed in its circular
      481 words
    • Article
      FCC buys 5% stake in Malaysian developer
      257 17  -  By Michelle Low [SINGAPORE] Quek Leng Chan's First Capital Corporation (FCC) has agreed to buy a 5 per cent stake in Malaysian developer Vintage Heights Sdn Bhd for M 515.7 million (518.86 million). The purchase, made through FCC subsidiary Cheltenham Investments, values each
      257 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article, Illustration
        SingTel, Time Warner in tie-up
        317 18  -  MOU signed to share expertise for video-on-demand services in region By I Genevieve Cua [SINGAPORE] Singapore Telecom and US media giant Time Warner Cable (TWC) may team up to run video-on-demand (VOD) services in Singapore and the region. The framework for a joint venture was
        317 words
      • Article
        UEL unit gets $29.25m building contract
        139 18 {SINGAPORE] A United Engineers Ltd (UEL) subsidiary has clinched a $29.25 million contract to build apartments in Holland Road for Great Eastern Life Assurance Co. Greatearth Construction will build two blocks of eightstorey residential apartments ■for the insurance company at its Holland Road/Tainan Nakhoda
        139 words
      • Article, Illustration
        Lion Group may up stake in China
        301 18  -  By Lu Ning [SINGAPORE] Malaysia's Lion Group may increase its investment target in China, its chairman, William Cheng, said yesterday. Up to last month Lion had signed up investment projects commiting the conglomerate to pumping US$7OO million (*****.55 million) into China. Of this
        301 words
      • Article
        Want Want to keep expanding in China
        363 18  -  From Diana Oon in Taipei TAIWAN snack maker Want Want Foods Group will continue expanding and investing in China despite the two countries' political differences. Want Want chairman and president Tsai Eng Meng told Singapore reporters over the weekend that he saw "no
        363 words
      • Article
        MCL to get shareholders' nod on business with CCL
        241 18  -  Company providing property services to CCL since 1992 By. Abdul Hadhi [SINGAPORE] Property developer Malayan Credit Ltd (MCL) will convene an extraordinary general meeting on May 7 to seek shareholder approval for provision of property services to its parent. Cycle Carriage
        241 words
      • Article
        United Malayan Land gain leaps 133%
        223 18  -  From Ruth Wong in Kuala Lumpur UNITED Malayan Land Bhd, a 20.8 per cent associate company of DBS Land, yesterday announced a sharp 133 per cent jump in net profit to M) 32.6 million (5118.4 million) for the first half-year ended Jan 31. The
        223 words
      • COMPANY Briefs
        • Article
          L&M raises share capital of its vesture
          66 18 HINf? fImiTTH T >M fTrrmp linrimiiHUlw iippo il H» of its Joint venture company GMP to $1 million to comply with a Controller of Housing requirement GMP has to have a share capital of $1 miflkm to complete the purchase of a plot
          66 words
        • Article
          Nippecraft co-founder chairman dies
          44 18 [SINGAPORE] Nippecraft Ltd non-executive chairman Evan Coady died on Friday after a long fltosas. The company has appointed lan Spence as chairman with immediate effect to replace him. Mr Coedy wat one of Nippecraffsro-foenders, and its managing director until 1994.
          44 words
        • Article
          DBS Land's US$120m FRNs still on track
          54 18 [SINGAPOREJ DBS Land yesterday clarified that II mm still in discussions on the terms and launch of its proposed issue ofUS9I2O million (***** million) floating rafesnotee. The company, however, said it had given a mandate to Nomura Singapore Ltd and WestdeutscheT enieeliawl Glrosentrale
          54 words
      • Article
        Thakral takes 19.5% stake in India distripark project
        220 18 [SINGAPORE] Newly listed electronics distributor Thakral Corporation Ltd announced yesterday it and Sin-gapore-based trading company WindmUl International are taking stakes in the Gateway Distriparks project in New Bombay, India. They are replacing warehousing specialist CWT Distribution and Singapore trading company NUR Investment
        220 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Foreigners buy NT$7.7b Taiwan stocks
          80 19 Reuter [TAIPEI] Foreign investors have bought a net total of NT17.78 billion (Ss4o6 million) in Taiwan stocks so fiar in April, the Taiwan Stock Exchange said yesterday. During April 115, foreigners have bought NTJ20.83 billion and sold NT113.06 billion worth of stocks, a TSE official
          Reuter  -  80 words
        • Article
          Lock icon Hardy Oil to sell US unit
          78 19 Bloomberg Business News [LONDON] Hardy Oil Gas pic, a British explorer, said it will sell its US subsidiary to the unit's managers for US$l79 million (Ss26Gmillion) in a transaction financed by Enron Corp. Hardy Oil Gas said it will use the cash to reduce
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Seagn to in 50m Loundonderry boost
          68 19 Reuter [BELFAST] Computer disc drive company Seagate Technology Inc yesterday announced a £50 million (SI107 million) expansion which will create 300jobs at its wafer fabrication plant near Londonderry in Northern Ireland. It already employs 750 and the expansion will bring its total investment there
          Reuter  -  68 words
        • Article
          Lock icon Philips buys German software firm
          11 19 Reuter forecast at 90 n Monmarlw(S»?mlU^)?^«!»'
          Reuter  -  11 words
      • Article
        Lock icon Leighton tie-up wins Viet office tower deal
        153 19 Reuter [SYDNEY] Leighton Holding Ltd unit Leighton Asia said its joint venture with a Vietnamese firm had won a US$25 million (5535.41 million) contract to build an office tower in Ho Chi Minh City. "The contract was awarded to Vina-Leighton by the developer,
        Reuter  -  153 words
      • Article, Illustration
        Giordano confirms closure of 16 stores in China
        504 19  -  HONGKONG RftUfflfllfl midair 1^ chairman says group earnmgßwillnotbe significantly affected By i Quak Hiang Whai GIORDANO International Ltd yesterday finally broke its silence and confirmed that 16 of its franchised stores in China had been closed in March and earlier this month
        504 words
      • Article
        Lock icon Xiamen airport firm to float A shares
        222 19 Part of proceeds to be used for construction of third terminal AFP [SHANGHAI] China's first airport development company is to go public tomorrow with an issue of 27 million locally-trad-ed A shares on the Shanghai Stock Exchange, a newspaper reported yesterday. The Shanghai
        AFP  -  222 words
      • Article, Illustration
        Lock icon Philippine stocks hit 18-month high on foreign buying
        385 19  -  Analysts expect rally to be sustained in medium term From, Al Labita in Manila THE Philippine share market, fuelled by heavy foreign buying, yesterday breached the 3,000 resistance level to reach an 18-month high and analysts predicted a further run-up before the
        Source:; ALLAN  -  385 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Investors still keen on IPOs despite Down's fall
        391 20 Planet Hollywood and CompuServe look set for warm receptions after market's reaction to Taboo! Reuter [NEW YORK] The sudden shakeout in US shares last week was not enough to dampen enthusiasm for initial public offerings (IPOs), and investors are now eagerly awaiting
        Reuter  -  391 words
      • Article
        Lock icon Pioneer quits Microsoft Network
        230 20 NYT [NEW YORK] Russell Siegelman, who guided the Microsoft Network, or MSN, on-line service from its inception to a subscriber base of more than a million users, said last Friday that he was stepping down to pursue other interests within Microsoft Corp. Mr Siegelman will be
        NYT  -  230 words
      • Article, Illustration
        Lock icon Mazda stock surges 17.2% after Ford ups stake
        291 20 Bloomberg Business News (TOKYO) Mazda Motor Corp's stock surged 17.2 per cent after Ford Motor Co said it would take control of the struggling Japanese automaker. Mazda's shares reached a 15-month high of 545 yen. The stock rose 80 yen, the maximum
        Bloomberg Business News; Source: Bloomberg  -  291 words
      • Article
        Lock icon ÜBS chief hints at link-up with rival SBC group
        400 20 Move will lead to less overlap of Swiss branches than tie-op with CS Holding FT [ZURICH] Union Bank of Switzerland, which on Thursday rejected the idea of a merger with CS Holding, the group built around the Credit Suisse bank, has
        FT  -  400 words
      • Article
        Lock icon PolyGram and New Regency two likely MGM/UA bidders
        280 20 FT [LONDON] PolyGram, the Dutch entertainment group, and New Regency, Arnon Milchan's US film production company, are expected to be among the bidders in this week's first round of the auction of MGM/UA, the Hollywood studio. The deadline for the initial bids
        FT  -  280 words
      • Article
        Lock icon Merrill's Q1 earnings jump 80%
        253 20 Bloomberg Business News [NEW YORK] Merrill Lynch Co said first-quarter earnings rose 80 per cent to a record US$4O6 million (***** million), led by gains in commissions and trading. The securities firm said net income surged to US$2.O3 a share from U*****.3 million, or US$l.O6
        Bloomberg Business News  -  253 words
    • FINANCE & COMMODITIES
      • Article
        HK$1b for proposed mortgage corporation
        286 22  -  Monetary authority says it will promote home ownership, help to develop debt market Froml Quak Hiang Whai in Hongkong THE Hongkong Monetary Authority (HKMA) yesterday released details on the proposed mortgage corporation which it said should have an initial capital base of HK$l billion (SIIBO
        286 words
      • Article
        German bank eyes offshore branch
        383 22  -  Bayeracto Landesbank opens representative office in Bangkok From Loh Hui Yin in Bangkok BAYERISCHE Landesbank Girozentrale, which has just opened a representative office here, has applied to the Thai central bank to open an offshore banking branch. Its expansion plans for Thailand were announced by
        383 words
      • Article
        Lock icon Sentencing of Daiwa Bank's former trader Iguchi postponed
        298 22 Bloomberg Business News [NEW YORK] The sentencing of a Daiwa Bank Ltd trader who pleaded guilty to concealing a US$l.l billion (551.56 billion) loss from US bank regulators and precipitated the Japanese bank's expulsion from the US has been postponed. Toshihide Iguchi,
        Bloomberg Business News  -  298 words
      • SMALL Change
        • Article
          Lock icon China may lower loan rates paper
          82 22 Bloomberg Business News [HONGKONG] China may lower interest rates on loans by 0.5 percentage point and savings by 1.5 percentage points in the third quarter of this year, the China-backed Wen Wei Po reported, without citing sources. The reduction would follow China's falling inflation
          Bloomberg Business News  -  82 words
        • Article
          Lock icon Fuji to start trust bank
          98 22 Reuter [TOKYO} Fuji Bank plans to set up a wholly-owned trust banking unit that will start operations in June after getting approval from the Finance Ministry, a Fuji spokesman said yesterday. Fuji Trust and Banking Co, which is capitalised at 10 billion yen<Ssl3o million), would
          Reuter  -  98 words
        • Article
          Lock icon ABN-Amro ups under rates under India scheme
          51 22 Reuter [BOMBAY] ABN-Amro Bank has raised interest rates on deposits under India's non-resident (external) rupee scheme, for periods above two years and up to three years, to 17 per cent per annum from 12 per cent The revised rates took effect on April
          Reuter  -  51 words
        • Article
          Lock icon Russian Credit Bank plans Beijing office
          42 22 Reuter [BEUING] The Russian Credit Bank will open an office in Bering soon and its senior officials will accompany President Boris Yeltsin when he visits China later this month, the Xinhua news agency said on Sunday.—Reuter
          Reuter  -  42 words
      • Article, Illustration
        Indosuez's earnings from Asia to hit 35%
        322 22  -  By I Shiv Taneja [SINGAPORE] Paris-based Banque Indosuez expects its Asian operations to account for 35 per cent of its net operating profit over the next three to under 30 per cent now. The region's contribution will be driven by the core businesses
        322 words
      • Article
        Lock icon Seoul to open bond market to foreigners gradually
        240 22 AFP [SEOUL] South Korea will open the door of its longshielded bond market to foreigners, Finance and Economy Minister Rha Woong-Bae said yesterday. "South Korea will gradually open the bond market," Mr Rha told financiers attending an Asia Securities Forum here, citing
        AFP  -  240 words
      • Article
        Lock icon Citibank launches family of 3 mutual funds
        208 22 AFP [SINGAPORE] Citibank NA yesterday launched a family of three mutual funds bringing together fund managers from investment houses around the world, billing it as a breakthrough in the Asian market. The three funds the Balanced Fund, the Growth Fund and the Enhanced
        AFP  -  208 words
      • Article
        Lock icon Euro$, Euroyen little changed
        237 22 SIMEXReport Reuter [SINGAPORE! Simex Eurodollar and Euroyen futures ended little changed as a lack of fresh leads inhibited interest. Dealers said Eurodollars saw little follow-through buying interest despite a firm close in Chicago on Friday where a drop in commodity prices and a subdued consumer price
        Reuter  -  237 words
      • Article
        Lock icon CURRENCY REPORT
        154 22 Reuter AFP THE mark fell on the European currency markets here after an informal meeting of finance ministers and central bankers in Verona at the weekend which strengthened the chances for the launch of a single European currency. The German currency continued its slide of last week which
        Reuter; AFP  -  154 words
      • Article
        Lock icon Oil prices say good-bye to five-year highs
        324 22 ENERGY REPORT Reuter [LONDON] Oil prices shed more of their gains yesterday as traders concluded they had probably seen the peak of a re-cord-breaking spring rally which last week took crude to five-year highs. London May futures for world benchmark North Sea Brent
        Reuter  -  324 words
      • Article, Illustration
        Untitled
        1177 22 DfTBRBAMK CURBBWCT KATBg 4pm, Apr is 7" **l*t* m IPKW AfOMf* AfrfMtB* I t*md*'W ii "if Hftt CottomI* m tWHwhr M i*or > 111 11 > 1 1 i i i i mi. i HI an iinn SS/lSt to cmt unit ot tonign eurrvney; SttSS to 100 ta«U at /brtiffn
        1,177 words
    • Article
      COMMODITY PRICES
      1171 23 H8wSBK5Sl m 1 am mm 9m mm u» »tt itwM) w<mt Si 287.00 Mm ***** HTS 4550 MH ***** 2100 J* 96 W7.00 WOO 197.00 25 2950 M** 196.00 196.00 196.00 25 3300 S»H 195.00 ***** ***** 25 3525 0<t/DKN 194.00 190.50 194.00 480 ***** Aft**? 193.50 2475
      1,171 words
    • Article
      WORLD STOCK MARKETS
      1944 23 MM *FB Noca A. A. Corf Adr U1/2 V4 ABPort* 240 -7 Ahbay National 575 *51/2 AMad Lyon* 493 4 Atooc 109 -2 ArfyB 3321/2 31/2 A*da Group 1071/2 1 V2 •ATM 4941/2 -V2 •ICC 342 uncti BOC Group 919 »14 M PatrHoum 594 -5 •T* 3211/2
      1,944 words
    • Article
      Lock icon TOKYO
      1579 23 Reuter QNikka 226 ♦mCT SHARES surged to a new four-year high, with a strong gain in New York providing relief after jitters over interest rates. But brokers said many people were worried over the speed of the market's latest advance, which might limit the upside in the near future.
      Reuter  -  1,579 words
    • Article, Illustration
      Lock icon HONGKONG
      1572 24 AFX-Asia WHangScng +H. 77 SHARE prices closed higher in thin volume with the market fully discounting the US March CPI data and investors confident that the interest rate outlook remains stable. The Hang Seng index closed up 99.77 points at 10,949.57 oa turnover of HK53.43 billfcfi. Dealers said mild
      AFX-Asia  -  1,572 words
    • Article, Illustration
      Lock icon CHINA
      561 24 Reuter CI Shanghai Blndei -440 THE Shanghai B market ended down in slow trade, with investors nervous after most of the B firms that have issued 1995 figures reported poor results. The index fell 0.40 point to 49.70 on volume of 3.7 million shares worth US$l.5 million. Shanghai Yaohua
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  561 words
    • Article
      Lock icon TAIPEI
      348 24 AFP HWPfalg +SLB3 SHARE prices finished higher on heavy trading as retail investors pursued propertybacked stocks. "Propertybacked issues such as constructions and steels replaced banking and insurance plays as individual investors' favourites," said a trader. The Weighted Price Index advanced 51.83 points to 6,122.46. Turnover was 3.88 billion shares
      AFP  -  348 words
    • Article
      Lock icon MANILA
      303 24 AFP Q Manila «aiJI STOCKS rose, buoyed by foreign buying. The Composite Index rose 21.11 points to an 18-month high 3,006.60. Turnover was 5.7 billion shares valued at 3.9 billion pesos. Analysts noted that foreign buyers pushed the market beyond the elusive 3,000-point level but expected some profittaking in
      AFP  -  303 words
    • Article, Illustration
      Lock icon JAKARTA
      664 24 AFP Qopppoßtelalg +6J6 SHARE prices closed higher in moderate trading on the back of gains in selected heavyweight issues, led by the cigarette sector. "At such prices, proflt-tak-ing is inevitable," a dealer said, referring to cigarette shares, especially those of the country's largest manufacturer, PT Gudang Garam. The Composite
      AFP  -  664 words
    • Article
      Lock icon SEOUL
      391 24 AFP P Composite lain »1252 STOCKS extended their postelection rally, with share prices closing higher. The Composite Price Index rose 12.52 points to 908.09. Turnover was 48.1 million shares worth 715 billion won. Risers beat falls 612 to 180 with 110 issues unchanged. Dealers predicted the bourse would sustain
      AFP  -  391 words
    • Article
      Lock icon SYDNEY
      602 24 AFP PAflOriiiariai *111 SHARES closed higher under the influence of a robust resources sector while stronger local bonds also helped to buoy the equity market. The All Ordinaries Index closed 16.1 points higher at 2,263.3. The All Resources advanced 15.0 to 1,480.1. Turnover was 240.6 million shares, worth A
      AFP  -  602 words
    • Article
      Lock icon WELLINGTON
      285 24 Reuter yiWefliiutton +10J7 SHARE prices overcame a sluggish start to end solidly higher on yesterday. The NZSE-40 capital index ended the day 10.67 points higher at 2,148.33. Volume was a healthy NZ$44 million. Reuter »a «a *h nm AN2 Banking 6.85 0.10 3531 Advantagai HM*s UO 0.08 *****4 Air
      Reuter  -  285 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks up as institutional funds flow in
        7413 25 KUALA LUMFUKTteporte Bloomberg Business News Reuter f^Comnogtelndex *1(124 SHARES rose as investors bid up stocks on expectations of strong profit gains. "Institutional funds are underweighted in the Malaysian market, but they are now flowing in," said an analyst. "It is a sign that
        Bloomberg Business News; Reuter  -  7,413 words
    • WARRANTS&OPTIONS
      • Article
        UOB warrants: covered vs company
        3541 26  -  WARRANT WATCH By] Paul Leo UNITED Overseas Bank has both a covered warrant issued by BZW and a company warrant. An interesting question arises when the sentiment on UOB turns bullish. Which should we buy? The covered or the company warrant? A very important factor
        3,541 words
    • Article
      CLOB INTERNATIONAL
      2004 26 MAIAYSIAN v Or Or •*M Laat Vat Day Laat Quota M* 0* VM Nat M Cap ta» Bfa Ctwpiai Wa fOOO) MI0I L— Mayor Mar Cw W Um *a 5 »w AiSMSOr sb 5 m no ao «o To u u au sai n H a M AMOMSOc
      2,004 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
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        721 words
      • Article
        MAIN BOARD
        4114 27 Of Sr M Wt 1988 Lppt VPt Mr Lppt8«ptp Otv 0* VM Npt Cop Avp NH> Lpor SUM Cimpiny *P*0 COOOI Ltm 8»yor SoSpc fir Pit frNI mmmrntmmmv&mmmr-tfM?. w&wmms* St46 ASC MTifO 2 00 US' 2M MS UM AcprSOc USM1 unch 32 162 ISO W M2 5.0N 7.S
        4,114 words
      • Article
        SESDAQ
        744 27 Or Or M«l ——i- a y cS. ■g a a a^g MM >• Wilgl WBHHHWWMMHaMMBMMI i» "j d 2000 A9«109»dSc 249 Cd 249 242 U Mi 11 155.0 109.7 24* 234 179 2001 AMmatrli 90c 192 *3 20 1«2 «t 00 192 45.6 V82 !I 3 222* A*** 9
        744 words
      • Article, Illustration
        HOT STOCK
        75 28  -  By Paul Leo RENONG is trading within a triangle pattern, formed by joining the troughs and peaks since January, and a brookout is imminent As at yesterday's dosing qffl3s, up (hree cents/hm the previous dose, it is sitting mar support and less than a third from the apex
        75 words
      • Article, Illustration
        Market up slightly with focus on situational plays
        894 28  -  STOCK MARKET COMMENTARY Institutions still keep to sidelines although big gainers include a handful of bine chips; KL Second Board continues to captivate interest By Ven Sreenivasan (SINGAPORE] The local market closed slightly higher in quiet trading yesterday with activity centred mainly
        894 words
      • ON THE GRAPEVINE
        • Article
          Stanchart to seil unit to SBC?
          98 28 WKHKAR on the grapevine that a deal is in the works: the International private banking unit of Standard Chartered Bank is to be sold to Swiss Bank Corporation. Both banks have declined comment If the deal comee topasa, it shouldn't come as a surprise.
          98 words
        • Article
          Big, strong and net-so-friedly?
          149 28 DONT think chopper-welding debt collectors are reetricted to loan shark*. According to Hongkong's Sunday Morning Post, debt collectors hired by Stanchart mistakenly harassed a Hongkong resident tor more than s year fbr a HK$7B,OOO (5514 t 275) debt he did not owe. The Sunday Morning Post
          149 words
        • Article
          Too many (deputy)
          124 28 DBS BANK may be taking its time appointing a president, but it «ure has quite a tew deputy chief executives. "Deputy chief executives" don't exist (yet) In the DBS hierarchy. The bank is run by executive chairman Ngiam Tong Dow, assisted by two deputy presidents—NgKee Choe and
          124 words
        • Article
          Open-minded funds?
          61 28 AN AGENCY report yesterday on the launch of a family of three mutual funds by Citibank described the ftmde as "open-minded". We assume the news wire meant to say the funds are "open-ended" that is, Investors buy and sell units in them. It sureiy cant be that the
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      Page 17 Advertisements Column 1
      170 17 fjfewhile Others Work To Communicate... We Go The Extra Mile To Make Communications Woric For You. At Singapore Comm, we take pride in providing you with the finest keyphone systems from Nitsuko to satisfy your communication requirements. And a highly JKk reliable aftersales team to give you the professional support
      170 words
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      428 18 INDIA: L/sst* I THE UNCAGED TIGER y Singapore will host the first ever Global Indian Entrepreneurs Conference (GIEC '96). Riding on the wave of India's ambitious jr and far-sighted reforms, the Conference will explore the political background and the potential of the reform process and provide a platform where the
      428 words
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      Page 18 Advertisements Column 2
      45 18 Don't cry over spilt milk, save vour tears w for your spilt beers. Especially Guinness. Go get one. Now. GDubfcv (Ourpby'e Irish Bar and Restaurant serving Draught Guinnem Now Open 7 Evenings a week 442 Orchard Road fBl-01/01-06 Orchard Hotel Shopping Arcade Tel: 735 0400
      45 words
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      94 19 "i i* ijpHi r %4mhs^h /v&amKQ aMWBT ~»^BBMiSillia HT. A ,-r^!lLy t r^yGMELAfI^?,«^AK•:-Ji*raaiiM^^gTgea3i^^^»iM^M^y iimHP i v HppHSf pjj^r v f ,*j .rj V 'f^nM^MiD Come visit us at Food Hotel Asia '96 (Stand IM2-01) you will find a wide variety of Korean foods of the highest quality. For further information,
      94 words
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      Page 19 Advertisements Column 2
      247 19 Come, enjoy an exceptional lunch treat at I■■ |A M I Baron's Table, Cafe Vienna or Meisan Sichuan I II lll_ 11 A Restaurant. Join in our lucky draws and stand a i II chance to win fabulous prizes. IlllJlli I lj"fc. win a Free IHp to Paris on Air
      247 words
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      94 20 f§- vrShfc v^EwSfe^v m vp John's Califomian influence adds a fresh interpretation to our already %l popular Mediterranean menu. Inspired by Chefs such as, Wolfgang Puck, whom John has worked with. M Try ns Filo-Crusted Rock Shrimp or his famous Soft-Shell Crabs. r ***"< his Oven-Roasted Snapper. <*" n ,0
      94 words
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      Page 20 Advertisements Column 2
      99 20 The RF<JT AVAI]LABLE A SERVICE OFFICE B next to SINGAPORE INTERNATIONAL CONVENTION CENTRE Tramp Business Place offers comprehensive business facilities packages for entrepreneurs and enterprising businessmen always on the move. Besides stamping a prestigious address on your calling card, professional secretaries will take care of your administration needs while you
      99 words
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      1093 21 Excellence in merging technological capability with business acumen to become a world class player 9 9 A Word from the Managing Director Profile off Advanced Systems flh A(,vanc ed Systems Automation Automation Pte Ltd (ASA) W&m < ASA '8 honoured to have The ASA Group of Companies began operations In
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      73 24 FOR THOSE WHO PLACE QUALfIY ABOVE ALL. YOUR TIME HAS COME! Enhance your image. Promote your business. All in the name of quality. Call us, well show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Cheong 740 1609 (pg 9408 0305) ♦Hi© Thai stock market was closed
      73 words
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      Page 24 Advertisements Column 2
      35 24 ISO CERTIFICATION I il< s l! .Ills I lIJK sSi ipplcllK |H I 111 SI )AY MAY 21, l <)<)<> I»' k»! inj 1 K .KIIIIU' I IIIM)AY MAY 7, I MMjQ Singapore Press WiP Holdings
      35 words
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      39 25 TheAitofaikM^lmperiaMl^HawdwoodFuriitiw Exclusively from: Hud Shi Fine Art Gallery *B™* > JL__ (Business hours: I Oam 6pm Monday Saturday) Showroom 1 608 Martin Road #05-04, Singapore *****7 Tel: *****92 *****45 Showroom 2 276 River Valley Road, Singapore *****7 Tel: *****71 *****23
      39 words
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      39 26 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai Q.y TIIIEC mm y six times daily. Enjoy gourmet food, vintage TlWlfcO UAILTa French wines and a standard of service that's famous the world over.
      39 words
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      387 28 BUSINESS Xotices VI I mil -I KM IS(MI-74I IS.VM In (he Matter of (he Companies Act, Csp. 50 CHATSWORTH MANOR PTE LTD (Incorporated in Sinppote) SPECIAL RESOLUTION At aa Extraordinary General Meeting of the members of die aboveaamed company, duly convened and haM at 271 Botat Timah Row! #05-01 Balmoral
      387 words
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      Page 28 Advertisements Column 2
      416 28 NOTICE NOTICE IS HEREBY GIVEN that, I C.A. BALAN NAIR of Blk 102 Bishan St.l 2 #11-284 Singapore *****2, have applied for a Public House Ist Class (Extended) Licence in respect of M/s P.A. Soorgum Music Lounge located at 810 Geylang Road #0507/10 Singapore *****6, and that this application will
      416 words
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      Page 28 Advertisements Column 3
      281 28 THE COMPANIES ACT. CAP. 50 OHL DEVELOPMENT CO PTE LTD (la Liquidation) A! a general meeting of OHL DEVELOPMENT CO PTE LTD duly convened and held on the 11th day of April, 1996 the following special resolution was passed: SPECIAL RESOLUTION That the Company be wound up voluntarily pursuant to
      281 words
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      Page 28 Advertisements Column 4
      228 28 In The Matter Of The Compenlee Act, Cap. 80 And In ttw Matter Of 3PEEDTRAN3 CONTAINER LINE PTE LTD (In Voluntary Uqutdabon) 1 NOTICE OF fi FINAL MEETING 1 NOTICE is hereby given that pursuant to Section 306 of the Companies Act, Cap. SO the y a M rmm Meeting
      228 words
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      Page 28 Advertisements Column 5
      238 28 Singapore Closing Share Prices 15/04/1996 CLOSE PREV LOW HIGH USt USS IMS IMS Mil// Jardine Matheson 7.80 8.00 7.80 8.00 WBBXfi Jardine Strategic 3.20 3.20 3.16 3.22 L xmaf l Da,r > Farm 0028 o*® B <>.•« 0.94 Hongkong Land 2.24 2.27 2.22 2.28 ummmm Mandarin Ortentel 1.30 1.28 1.28
      238 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      306 29 Knight-Ridder Reuter The freight market was generally quiet and lethargic late in the session, brokers said. They said the Atlantic Panamax market has been active, but no clear trend was established. lULiues HH—Mb Rates for Persian Gulf very large crude carriers are said to have "touched bottom" this
      Knight-Ridder; Reuter  -  306 words
    • Article
      MARITIME STOCKS
      237 29 bmwimmb tWTPfc>>nMlii 1ST -0X2 37 C*MnHa» U3 -001 K» Cmh milium ~.tr» -oxi m rtLS 7.90 -oJOB 89 fnlMlMl LOO *0X4 17* HMHl UO -0.01 37 Hal Sun** 1X1 -0.01 S4» HRacN 2aaan UH «0M M MCHaMntl wc 5.40 J*»lHllMp 141 -0O1 17 jwwn»r»<—mi *o.s m «5?» HOC
      237 words
    • Article
      Steamers buys 6 container ships at cost of US$85m
      376 29  -  All the ships will be built by China's Jinling Shipyard in Nanjing By: Rahita Elias [SINGAPORE] Listed Steamers Maritime Holdings, a member of the Keppel Corp conglomerate, has ordered six new container ships totalling US$B5 million. In a statement issued yesterday,
      376 words
    • Article
      Jaya Holdings in deal with Hasko Group
      289 29 Jaya to boy into shipyard; 2 new firms to own, operate tugs and barges [SINGAPORE] Marine-based Jaya Holdings has signed a memorandum of understanding with Indonesia's Hasko Group to transport timber and develop an existing South Kalimantan shipyard. Jaya group managing director Pang
      289 words
    • Article
      Lock icon Anera slams Tanjung Priok services
      152 29 Knight-Ridder [JAKARTA] Members of the North American Eastbound Rate Association, or Anera, have criticised the poor service at Indonesia's main Tanjung Priok port, urging that changes be made. Anera chairman Leslie Goh told Bisnis Indonesia over the weekend the shipping lines were concerned about "the
      Knight-Ridder  -  152 words
    • Article
      Lock icon No revision of aid to E German yards: Bonn
      162 29 Reuter [BONN] German Finance Minister Theo Waigel has ruled out plans by a German state government to renegotiate the terms of a financial aid agreement to keep two ailing east German shipyards afloat. "An amendment to the agreement reached last week
      Reuter  -  162 words
    • Article
      Lock icon China boom in leisure craft sales forecast
      312 29 Keen interest at first international boat show in China AFP [SHANGHAI] Boat dealers and builders participating in the first-ever international boat show in China are forecasting a boom in leisure-craft sales within the next five years. Although the infrastructure is not yet in
      AFP  -  312 words
    • PORT Shots
      • Article
        Lock icon Kobe's 15-m deep stock begins operations
        68 29 AFP [TOKYO] Japan's deepest dock for container ahipe began operations yesterday at Kobe port, another step in the city's rehabilitation from the huge earthquake in January last year, port officials said. The 53,521-tonne Malaysian vessel Bunga Ptlangi came alongside the pier as the first
        AFP  -  68 words
      • Article
        Lock icon Crew of stuking cargo ship rescued
        89 29 Reuter [SINGAPORE] A cruise ship has rescued all 26 crew erf the Turkish-managed cargo vessel Harran which is slowly sinking in the South China Sea, Singapore maritime authorities said yesterday. A Marine Department official said the latest report on the freighter said it was
        Reuter  -  89 words
      • Article
        Egypt detains Cunard cruise liner
        80 29 [LONDON] The Egyptian government has detained the 87,845 gt cruise liner Royal VUdng Sun and is seeking (5132.2 million) in compensation for alleged damage to the coral reef hit by the ship last week. The ship is entered with the Steamship Mutual P&I chib and
        80 words
    • Article
      Lock icon More sales expected at Malaysia's boat show
      207 29 MBT [KUALA LUMPUR] More boats, participants and sales are expected at the Sixth Malaysia International Boat Show from June 12 to 16. Organisers Protemp Exhibitions Sdn Bhd said the event, to be held at Shah Alam Lake Gardens, is expected to generate some
      MBT  -  207 words
    • Article
      Lock icon Taiwan to draft direct transport links with China by June
      186 29 Reuter (TAIPEI] Taiwan's Economic Minister Chiang Pin-kung said yesterday that his ministry would complete a draft which will allow direct transport links with China by June this year. "We are studying a draft on special laws and zones. The draft
      Reuter  -  186 words
    • Article, Illustration
      Lock icon Third-party managers popular
      865 30  -  LOGISTICS SERVICES: A GROWING BUSINESS Providers of freight management of all types have carved a niche market with their management skills and information systems which serve companies wanting to reduce costs and pare staffs to the minimum By Chris Gillis American Shipper AS director of materials management
      American Shipper  -  865 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      301 30 PAOE Emrtt 12 irt ii Evergreen 6 m j Everprtme 13 Ull j Famous 7 I kt caul l? feedertraws 4 4 Mm I hi, 4 FoongSun 12 zr u n Frt Work) 12 i vjn > 4 CUnHUpfWS 4 n Cemartrans 13
      301 words
    • Article
      SHIPPING GUIDE
      14914 36 EXPORT ETA ETA Advaftlsar VMM vayaga TaNfftoaa ETA ETA Advartlaar ynw Voyaga tiIMom w 0**f n Nama Numkar Numkar SIN Da»rn Mm Mm Numkar Nuakar A To BREMEN (BRE) 2056 Germany T ABU OHABI/ST JOHNS (AUH) 2004 v Pt0 Chesapeake SAY *mo aHOJ United Arab Emirates N/84 01/05
      14,914 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        617 43 (jfrw* wo IwHi jnW Npjirtiiii p|||| K2 JM MM* *04/2330 22? -2 ,,!"y 22. -2 i'"i*«i liov^oo liL :»2* *04/0i0c •*•*•■'2 'gg» Jt MM*I *04/23* *VI JOT MM* *£M,KXC USO M III I pill I504/*00 tf—wyx* J04 MafMt IMBI J** I JM *04/1200 /*mu*m noi joo <m»n movomo
        617 words
      • Article
        CONTAINER SCHEDULES
        1523 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Bookhif/Mmc* Rstls snip Voy Wo Eth/Btr Hrtoi fn» To frw *a jm m» nmo u h/ttoo «om mw I Mm M/m »A<oc 4 M/1200 MW 11/1700 to Ute *,o>oc 1 tvvx MM IVWoc a ivto */o»w 1 tt/0700 MW *HOC
        1,523 words
      • Article
        COCKETT BUNKER MARKET REPORT
        879 43 THIS report compiled by Cockett Marina Oil Ltd, shows price ranges In US dollars Instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        879 words
      • Article
        GLOBAL HOLIDAY
        361 43 APS 18 Zimbabwe: Independence Day. APft 23 Belarus: Remembrance Day (Orthodox holiday). Israel- Memorial Day. National Sovereignty Day. Israel- Independence Day. ARM Italy: Liberation Day. Australia/New Zealand: Anzac Day. ggKpfrSinal liberation Day. Tanzania.- Union Day. APR 37 Bahrain/Kuwait/Lebanon/Oman/Qatar/Saudi Arabia/United Arab Emirates: (tentative) (depends on sighting of the moon).
        361 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Astra gearing up to expand in the region
        389 44  -  Indongreopsign* Myanmar car deal, diacn»ring China and Philippine contracts By Christopher Tan [SINGAPORE] Indonesian conglomerate P T Astra has embarked on an aggressive regional isation plan in a bid to overcome an expected squeeze in the domestic car market in the coming
        389 words
      • Article
        Lock icon European ministers act to end traffic chaos
        218 44 AFP [ROME] EU transport ministers have agreed to take steps to avoid logjam on Europe's roads in the next century. The 15 ministers gathered here for two days of informal talks recently on halting the traffic chaos predicted for Europe by 2010. All
        AFP  -  218 words
      • Article
        Lock icon Aussie airforce's preferred tenderer
        136 44 Reuter [CANBERRA] Australia's Qantas Airways Ltd and Canada's CAE Electronics have been declared preferred tenderer to provide flight simulators for the Australian airforce, the government said yesterday. The two simulators are expected to be installed at the Royal Australian Air Force (RAAF) base at Richmond, near
        Reuter  -  136 words
      • Article, Illustration
        Lock icon Where the steam train still runs
        48 44 [HANOI] An old steam locomotive leaving Hanoi train station yesterday. Some of these locomotives dating from the colonial period in 1920-1930 are still in service alongside modern diesel locomotives. Millions of dollars are needed to improve the country's antiquated railway system. AFP
        AFP  -  48 words
      • Article
        Lock icon McDonnell plant being built in China
        172 44 AFP [BEIJING] The wing-section assembly line for the US$l.6 billion (Ss&2 billion) joint venture between US-based McDonnell Douglas Corp and the China National Aviation Industry Co (CNAIC) is under construction and will be completed in July, the China Daily said on Sunday. Involving 106
        AFP  -  172 words
      • Article
        Lock icon EC acts to protect airline passengers
        313 44 Moves to ensure fare refunds when airlines go but NYT [LONDON] New moves are afoot to ensure that scheduled airline passengers get their money back when airlines go bust The European Commission is considering a scheme which would cover travellers throughout the community. Britain,
        NYT  -  313 words
      • Article
        Lock icon Passenger traffic up 11% at 7 UK airports
        168 44 Bloomberg Business News [LONDON] BAA pic said its seven UK airports handled 7.7 million passengers in March, an increase of 11 per cent from the same month in 1996, as European charter traffic and North Atlantic traffic posted strong gains. The UK
        Bloomberg Business News  -  168 words
      • LOG Book
        • Article
          Lock icon Nissan Diesel Wins Myanmar contrast
          71 44 AFP ITOKYO) Japan's Motor Co Ltd has won a contract from the government of Myanmar for 147 commercial vehicles, a company spokesman said yesterday. Nissan Diesel, an affiliate with Japan's second largest automaker Niaaan Motor Co Ltd, did not disclose the value of tha order
          AFP  -  71 words
        • Article
          Lock icon Mazda to share rotary engine technology
          91 44 Bloomberg Business News (TOKYO] Masda Motor Corp, the first car maker to succigsftilly mass-produce the rotary, engine, said It plans to share the technology with other oh* makers that will produce the enftnea under licence, The Daily Yomluri reported on Sunday. The move is
          Bloomberg Business News  -  91 words
        • Article
          Lock icon New JFK airport terminal bsing studied
          73 44 Reuter [NEW YORK) New York Port Authority officials are mulling the potential rspiacamantof the John F Kennedy International Airport's International Arrivals Building with a new, USsl-billion (Sfl.4 billion) replacement terminal, the New York Post reported last week. The Port Authority may announce the move
          Reuter  -  73 words
        • Article
          Lock icon American Air gets Boston-Paris route
          43 44 Reuter [FORT WORTH, Texas] American Airlines, a unit of AMR Corp, said last Friday it has received authority for daily nonstop service between Boston and Paris. American Air aald it wfll start serving the route on May l.—Renter
          Reuter  -  43 words
        • Article
          Lock icon Rall strike kits Western Australia
          77 44 Reuter IPBrrHl A 24-hour strike halted Waatern Australian rail"" services from midnight (1600 GMT) on Sunday, stranding more than 80,000 commuters and halting freight movements. The industrial action by about 500 members of the Australian Services Union is over the state rail authority, Westrail's, refusal
          Reuter  -  77 words
      • Article
        Lock icon Air France chief warns pilots set to strike
        175 44 Reuter [PARIS] Air France chairman Christian Blanc said on Sunday he was willing to negotiate with pilots who are set to stage a 24-hour strike at Air France Europe but he would not let a small number of staff put the group
        Reuter  -  175 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1312 44 CUT fUOWT HA fLKOT ET» Umm SWT 2320 AteMU 0*974 2335 0 WC CQ54 0925 MMH oral 1930 NmI VN74S 1300 VN744 MOO «a 2B0 VW74I 1310 ¥***** MM kmtarim GA097 1045 GA092 0030 NatYM T0407 2105 TS400 0120 KLI37 1445 KLM4 0040 M095 2145 MM*
        1,312 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      12 29 Hurd-party logistics: A growing business Third-party managers are becoming popular. Page 2
      12 words
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      Page 29 Advertisements Column 2
      453 29 Astra gearing 19 to expand in the region Indon group signs Myanmar car deal. Back Page feeder ship modernisation programme. Mr Yong, who has over 20 years of experience in the marine industry, was previously jr j the managing director of local shipown- jr Hk er and operator Petroships Pte
      453 words
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      Page 30 Advertisements Column 1
      986 30 I S" um IV* mm mm mm mm "um "vm ~mm~ Ims u/m b/m §5 Il iW ri "fl/fl" "UK 11 WW T^rmmi mi ii/H wh ivb mi i«h h« iw ivh m/m wflwtMMwfruk/** »m nm am [wgj vm um mm Imm SJS7 ££2 ?K2 ftE 111 wIWwWW»# w W
      986 words
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      Page 30 Advertisements Column 2
      206 30 Uom MTVioM raprM«ntad by Member* o( the Registry o< Accredited Shipping Agent*, S*pora Nettonai Shipping Aaeoc „0 xtf sa %p. I MHHMMHMM Just talk to us... Iris Llm 740-2044 Tan Lip Chuan 740-1645 «Jarrod Leong 740-2089 Philip Koh 740-2382 jf9|J||||||||HH 1~ ffpow MELOI Std 2S*>4 RiftiVMwrißnwVUK 1 AGUSORA 18/04 RdnVAIWBnrVUK
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      Page 30 Advertisements Column 3
      7 30 Member* of tie Singapore Freight FmhM AaeoaeOorv
      7 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1014 31 PACffC SOOTH WEST EXPtESS (PMECT) vtssa I vot I m lauro law in |ua|m|i|oi|i»K|«i m I tot gmm I oSI 1 I M/M 1 1 "/M I I Ts>S 1 15>« 1 I ?4>S IfrS 17/fc» m.wam mi \nm win tt/B Uim Inmlnm| nm I am Inmlnm I nm I
      1,014 words
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      Page 31 Advertisements Column 2
      1686 31 OHANJIN SHIPPING tUIA CANADA* *"m m WH "w 101 IMT IHi II*IMM| MM MS NK 00 m TO m TTC oi/b m/b io/b T>/« iq/b ii/w "TT/m ii/ps ii/b ii/m ~iypT~ u/» n/w u/ts "Ti/tT" ii/b It/W 17/ M 17/B 17/ M 17/B I H/B M/B M/B W/B M/M M/tS
      1,686 words
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      Page 31 Advertisements Column 3
      306 31 EXPORT 3 x •a X Hongkong -1 Manta -1 k KooAiyng, K—hmg lArf p*n ß FQ to MCK/NAHA/SBOAi/CaU/ICH yy iS_S-s ™w? Tw «!5 jfIMM m IMC iw gjM am »IM M nx ma jam m um jml *>» an nis »u» mm mm /MtiwH M air nar* BM MM MM
      306 words
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      Page 32 Advertisements Column 1
      1333 32 ttsa VOY HAM fOAM ANT LHA STON PCUW Sl* HUG (AO TYO SM (OK NAG WW 4SBI?" a/3 21/3 27/3 H75 IS/4 22/4 IWAUAiI OKA 13 27/3 ?V3 M/ 3 11/4 22/4 7V4 2/S ?V4 »/4 W4 mvwfl 318)3 ~WT M/ 3 ~TT~ 2/4 n/4 71/4 Igjj OKU 77/3 ?4/3
      1,333 words
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      Page 32 Advertisements Column 2
      1285 32 I NORASIA" I VESSEL VOY ISM ALQ LAS BCL VAL NAM BM ROT ANT FEL LHA MORASM HONGKONG NIM l|M Pfl M IM 11M 11M 12M IMI MM 14M IMB NORASU SHARJAH 24M 14M IMB 17 M MM 1W IMI M tW »R M S£A ENOEAVOUR 111 V IW W
      1,285 words
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      Page 32 Advertisements Column 3
      576 32 JAPAN/HONGKONG/STRAfTS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG vessel vor spore p.ouoano |~pu pp« Emm 1 MPT SLO HAW Mtfll SOUTH BATE 1 MPT SU) 10AW SMMUS I MPT IQAW WillK< 2 H«W MAW rwKßuai i iivw 21 AW MAW ONBtTALHBK) U IIAW 21 AW JUPrrtH _i MAW kallbi haw aim
      576 words
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      Page 33 Advertisements Column 1
      1053 33 STRAITS SHIPPING PTE LTD 10 Km Chlaaf Road *11-01 Keppel Towars Singapore 0200 Tal: *****00 Fax: *****17 CpfluA IliW ftIIIMMA .nam mSSP (A SERVICE OF CHINA NAVIGATION CO) rn no DaOr STRAITSNOPI VMS* In Port 17% MoraAMIKMaM STWiraA vmok 22Apr 23 Apr icmttcoinMwiwpwmmiKiTomnMiiiioiMt CARAKAJIM-22 VMO7f 25 Apr 2« A* LaMwa.
      1,053 words
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      Page 33 Advertisements Column 2
      1266 33 RfcQ Contftinfifc PM* Containers Limited 0 10 Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 rirst Class Connections WORLDWIDE Te,: 225 2233 Te,ex: RS ***** pnocsp f«: 225 5327/222 7517 CR Number **********0 M DDPOBT IMPORT ,t. -Vj lEtoemaersk moo ISoS tm WW I?°° f" 1 55m oSw SvSe wy
      1,266 words
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      Page 33 Advertisements Column 3
      432 33 -fiUZIfiUHB- _JL. JB—JOL MB-_m_ _BL _B_ _JB_ _iit_ _M_ B i B HI 1 MMI UN 773/902? IW UK M 1W Ml ffiM WM iW »/W Z7*4 JMJE2!L2a3L JHI JjflL JZfll mm 22*4 tew 2S*l 27*1 39/D4 Ql/K 02*5 P/PS >4*5 MS 91*5 mm mm* 17*4 mm w* v-nm tv*
      432 words
    • Advertisement
      Page 33 Advertisements Column 4
      60 33 SENLIM SHIPPING PTE. LTD. 133. Nm Brtdg* Read. W&-06. OMmm Pant T«fc *****00 MMI Fax: *****04 IMmc RS ***** SENUM WEBKT KGVUISBWKEIO EAST/WEST **SU (Am|ta| ChWmn mi (mmtmd Imp) vßsa wt man sw now pbimc uuk SftABU 4A/H 17/4 11/* JMKSON M/N 11/4 30/4 SMTOU U/H 11/4 IV4 hnmmm am
      60 words
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      Page 34 Advertisements Column 1
      1146 34 I MP ROM ANW HOG THP LHV IHV THP ROM ANW HIQ PKL SAP ■E. REPUTE RW-SB3 28/4 1M 11/fl 12/9 1M 1M E BRANO REO64 It/3 27/3 tU lU OM 2W ■E. RENOWN MHN 27/4 178 IM IM 218 ZVS E. BENTLE RE-OM 31/3 3/4 2/4 4/4 1/4 21/4
      1,146 words
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      Page 34 Advertisements Column 2
      875 34 rasa votac( so m am mm mm iwt mi vnsa votam bh w dm im w I IMOMMD IW7IIW HAM 30A4 OIAS WIS MAS I UHCOKOK *****271 04AM 07/04 01/04 MA4 IVM I MOON OTM3IW Mt MS V/IS MS M/K N/IS UN(OUM *****7K IVM 14AM ISAM 14/04 30/04 AM? aooapOng
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      Page 34 Advertisements Column 3
      551 34 S^^^^sto!DMAsNCAsßs3E^sPT«ltd^l TEL: *****33 (12 UNES) FAX: *****18/*****03 TELEX: R8 ***** MSH* (3 UHM) CWNOi **********0E r Etiw^winiiiuiei ACCEPTING FCL AND CONVENTIONAL Vlllll Voy BTA uiTll| fli Atoyot 43W8 22AM a2£?ml£w2| 1 AfatoayWo nt 4BWB OH* J KIEN HUNS LINE JFULLY CONTAINERISED REGULAR UN*~B Mrnvirg J ACCEPTING BOTHFCL/LCL ALSO BOffiOC i
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      Page 35 Advertisements Column 1
      1602 35 SJUUMS TO EAST 4 WEST jamKMP^ MMMM* M—tM MM t«/«, >W*»«r M iHM MM COSTAR SHIPPING PTE LTD fu: ttiuit c-tsi-r tmunuuuum cutn-rtn-iA tmttt I Mm wil'ru IMmtMBM COSHtf Cittstst M «*M7M WW*«W» •M *Mf Hurt M«* M7I7MMM« f" IttlTU Inrtttlt (r D*a *IM7H f tttim JOMOM OfflCt tea w
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      Page 35 Advertisements Column 2
      521 35 B 1 KAPAL KRIS Shipping Pte Ltd I 701DUXTON ROAD, STORE 0R9529 T,t *****76 f *****77 c» HO. **********00 SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 309-609 UOCX A UOMAC BUSINESS CENTRE. 10 JMAN SS 6/1, KEUMA JAYA, P.O. MX 8428 ***** PEUUNG JAYAr SHANGOR. TO: *****77/78/79 FAX: *****07 TBI* MA )063S
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      Page 35 Advertisements Column 3
      509 35 FAMOUS CONTAINER UNES 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 y HOT UNE: *****33 (30 UNES) BARCELONA/SPAIN 19/04 LEHAVRE/FRAHCE 20/04 MARSEILLE/FRANCE 16/04 HAMBURG/BREMEN 18/04 GENOA/ITALY 20/04 ANTWERP/BELGIUM 19/04 GOTHENBURG/SCAN 22/04 ROTTERDAM 19/04 AARHUS/COPENHAGEN 22/04 FEUXSTOWE/UK 22/04 LOS ANGELES/WC/IPI 16/04 SYDNEY/MELBOURNE 18/04 NEW YORK/EC 16/04 FREMANTLE/ADELAIDE 18/04 VANCOUVER 17/04 BRISBANE 20/04 TORONTO/MONTREAL
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      Page 35 Advertisements Column 4
      40 35 /^norbulA I \®B) NOHMILK CARGO MRVICn LTD 1 I <FSjS<% REGULAR CONVENTIONAL I I TUBER AND PLYWOOO SERVICES I SP PKLOADING FOR I I N8199 3004 am AMS/AKT/UK I ■teak 27/ m qq/ib —■mam I L VASTO/WODEJOAH I SAa*VSAftA»»MMOO POWTI
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      Page 37 Advertisements Column 1
      40 37 To retrieve more schedules, just follow these simple steps... the port f? \Enter your Step key in the four number XM A digit code Key in your Exampto: r-L, fax number To HAMBURG (HAM) 2180 for calls within Singapore G#fHSBliy
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      Page 39 Advertisements Column 1
      664 39 Mh MYANMA FIVE STAR UNE W (Myanarar Notioool IIm) loodi«9 for Yoojoe (Roogooo) Wssa VOY SIM PKG KM PGU PATRBN IMW M/ 04 m* I3IW M/ 0« N/04 MALAYSIA AGENTS: MUSTUO HOPPING AGCNCKS «*L 1R 01-03-*****00 Ml; TO 01-03-37M101 POt m 07-04-1****** PGfc TH 01-07-*****31/4 BANK LINE (A s*rvk* *<
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      Page 39 Advertisements Column 2
      1167 39 JT: ADVANCE CONTAINER LINES (PTE) LTD Af* I 140 Cecil Street, #12-00, PIL Building, Singapore *****0 MV Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL C« NO. **********0E BAWOKOK 1( JAKARTA I lar- VESSEL VQY SIN BKK SIN VISSH. VOT SM JKT SM BASTION 918 18/04 Thu 21/04 Sun
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      Page 39 Advertisements Column 3
      876 39 **********02 VESSELS *0Y MW PAMgTTA LE H/W/RE HAMBURG THAME3PORT ROTTCROAM AWTWB¥» VELEOECARUA CI4W IVM 28AM 07/06 06A* 10*06 11/06 IMS VB-LE DC SAOfTTA SI4W 2304 06/06 14/06 15/06 17/06 IMS 20*06 V LE I* NORMA NI4W 3CVO4 13/06 21/06 22/06 24/06 2MB 27/06 KI4W 07/06 IM6 2M6 27AJ6 M 6
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      Page 40 Advertisements Column 1
      1037 40 BSBBB ■i VEWgL vOY j«t i vessel voy m* —«n —ifl |VESSEL VOY SIN BKK EAOtE TIDE* 123 In Pt 18/04 St 2Q/Q4~ BJ4AB PU* «M 3 Tu« |ln Pt Thu |18/04 VIRA BHUM Tu» In Pt WANA OHUM 322* W* 17/04 Son 21/04 BUNOA MAS EMPAT <309 Thu wST
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      Page 40 Advertisements Column 2
      784 40 11 PUXTON HILL, SINGAPORE oB9393^^^^^^cl^*****2ooool^^^T^| STRAITS SHUTTLE SERVICE j PORT KLANG PENANG wssa »0T aw l m vcsa vor 5 »U*l 47M IVWSI* 15/04 MO* MJUUO «)I0 Myn*<Ml iimaL* MCfWg MO IVD4MOH 17/MKD lusfi wli *»""W gg WW WMMI "5*5) Mil i?/£i jfSS an« ww IMHTHU n/ww "sKff 188 j™™
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      Page 41 Advertisements Column 1
      507 41 *r re as] f AG SINO EXPRESS SHIPPING (PTI) LTD. V M M I 11 COU.YBR QUAY *00-01 THE ARCADE SINGAPORE 0104. TEL: *****00 (4 UNES) FAX: *****08 TLX: R*****1 SINOEX I SINOTWANS SHANGHAI (COWTAINEW SERVICE) SIH/HKQ/»HAI ~l STORE HKQ SHAI J VESSEL VOY ETA KTP ETA UP ETA FTP
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      Page 41 Advertisements Column 2
      103 41 DRAFT-CARGO WAYS MP (S) PTE LTD —ICOUIww. C. 3 ICO MMKAAACfiV ICO DWa/ CMflum j/wnAQONG TEL: *****90 FAX: *****63/8 MARKETING: 222 6835 NVOCC CONSOLIDATION Fa SERVICES Indian Sub-Continent Ports. I\gj\ SIM SWEEJOO SHIPPING I mftUM* '3 M3Q4 1&04 IflQ4 17)04 I 324 1 03C4 IOSP4 ICWM ***** I lACCEPTINQPCL REEFERS
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      Page 41 Advertisements Column 3
      441 41 MAHMHdHMJMUa LINES. mM fllMMyi. miA'* aa «y Lt-feT^a#y |™T™3 ApHK MMHKI9HNKS: UMWI (24 UKS) kuchma M«MSH^ |~JW\~ J WBU; MB4) tlfHf 4" MAMLA' (633) tUMtI iP®lr WBWWb PI) WWT BANGKOK: (M3|tMMH7 l r tURABAYA: (31) 9H680 20TH ANNIVERSARY OFFER:-(Low«st-Low«st Rates) PEN/PK SIN HONG KONG 20/4 21/4 mv "WAN HAI 222"
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      Page 41 Advertisements Column 4
      78 41 EXPRESS (S) PTE LTD WEEKLY CONSOU TO MUARA MANILA HONGKONG "AT COMPETTIIVE RATES" PLEASE CALL: *****96 tnn LINER SHIPPING PTE LTD 10 ANSON ROAD. #17-01 INTERNATIONAI. PLAZA, SINGAPORE 030? TEL: 22MLU(20 UNES) TELEX: RS ***** LSSIIIP BAXi *****13 $r ETA SIN ETA DUBAI DUBAI IS/04 21/04 25/04 05/05 02/05 12/05
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      Page 41 Advertisements Column 5
      239 41 ATTRACTIVE FCL/LCL RATES TO: Indian Sub-Continent Ports MADRAS BOMBAY CALCUTTA COLOMBO CHITTAOONG NHAVASHEVA t~ JIiPPPL k" '3 WENDER CONTAINER LINES 1 ENQUIRIES BOOKINGS PLS CALL TEL: 224 6744 .-A: irJ'r&ix j Astro Shipping Pte Ltd O.K. LINE FULL CONTAINER SERVICE S 1 PORE/JAKARTA «ssa VOY SW JKT iw 1804 2M4
      239 words
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      Page 42 Advertisements Column 1
      602 42 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FA X JUST CALL 740-6000 BE APR IVILEGED """""J join gjk juk bed A PARTNER r M E M IN THIS I As a SFFA member, youH project total professionalism to your clients PROFESSIONAL I as you comply with the
      602 words
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      Page 42 Advertisements Column 2
      333 42 TEAMWORK is when everyone I m takes responsibility and diligently l work towards achieving the main ftaHKvi qoo\. A quality which has been The Total Transportation People The Total embraced by all at Visa Freight Transportation 1 these past ten years. Put your People 3 needs in our hands and
      333 words
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      Page 43 Miscellaneous Column 1
      120 43 LfGENO- R Thunderstorm Temperotur. c A V Shower Weother Wind dfrection w?th ipwd in knot* Rain vJ Cloudy Sky Wov Serfeot win* or* indicated by arrows wfedi tty with Hie wind Ci) O"* h* cirde represents cairn Of Ight and variable wind* On* ha* Heche wpuMnti 5 knots L_»■ On*
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      110 44 > >*/ > Mg£T«-*,,-r *#r 5 V f# V- V il V v w>«. _,'tT .vv /*•> w > ■.'> *V >l' V*■ s av A* W ■.'*•,,J> A- £j V*M n« v .f v.i, 5 #1 v.. «i. v %.>» •V. 'at v~* >^>»>. > jr isacr J* 4
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