The Business Times, 6 July 1993

Total Pages: 52
1 52 The Business Times
  • 13 1 BUSINESS TIMES Ml KNOW ASIA MITA (l>) 552/12/92 Tuesday July 6 1993 75*
    13 words
  • 2am LATEST
    • 76 1 Reuter LONDON Britain's Conservative government has suffered a major defeat in the House of Lords (Upper House) with the passage of a key amendment to the Railways Bill. The amendment would allow state-owned British Rail to bid for franchises to run passenger rail
      Reuter  -  76 words
    • 62 1 Reuter FRANKFURT Bundesbank president Helmut Schlesinger says the central bank has no alternative to cutting interest rates step-by-step as the scope to do so emerges. In a speech prepared for delivery to bankers, he says the current low level of long-term interest rates must be
      Reuter  -  62 words
  • Article, Illustration
    107 1 Stack market indices Nloaday Cblgt ST1I 1,825.92 +7.69 KLSE Composite 732.51 -2.22 Nikkei 19.623.06 +1.6 Hang Seng 7.205.41 -12.52 SET Index 887.79 -0.13 Jakarta Composite ...359.58 -1.14 CLSA China B 923.84 -9.64 Aust All Ord 1,765.9 -3 FTSE 100 2,838.5 -19.2 Moaday Ptttjow Dow Jones dosed 3,510.54 Exchange
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  • 570 1  -  By Lilian Ang SINGAPORE Property developers are rushing to market some 4,000 residential units in the next six months to feed the unabated property craze which has driven prices to new highs. And judging from the early response to The
    570 words
  • 347 1  -  By Sylvia Wong SINGAPORE It was the surest sign that Singapore's property-buying craze is far from over. Buyers began queueing up yesterday for units in The Countryside three days before the launch of sales of the landed property project by OCBC Property. More
    Photo by Chris Loh  -  347 words
  • 494 1 UPI Reuter BHIJING Chinese leaders have convened crisis meetings in a bid to regain control of the overheating economy and enforce regional discipline, and the country's leading official newspaper has warned that market reforms are at a "critical moment". Vice-Premier Zhu
    UPI; Reuter  -  494 words
  • 500 1  -  From Alan Boyd in BANGKOK THAILAND'S faltering privatisation programme has found its feet. Listing plans have been announced for the Electricity Generating Company (Egco) while the Telephone Organisation of Thailand (TOT) is studying privatisation proposals from five consortia of major consulting
    500 words
  • 295 1 SINGAPORE Share priccs in Hongkong closed lower as shap early gains were erased by profit-taking triggered by nevs that the first day of the latest round of Sino-British talks on Hongkong had ended with no breakthrough. Concerns over the
    Source: Bloomberg  -  295 words
  • Page 1 Advertisements
    • 187 1 New Nikon (with Panorama and Quarts date) 'Zj&sL The World's Finest WO Photographic System JSit/rZ A Nikon Camera Centra Super Photo #03-26 Orchard Point Tel: *****81 *****16 CONTENTS Hews Companies Spoce News 2 S'poretfsia .9.10.12 Regional News 3.4.5 Financial 13.14 World News 7.8 Fubnt MariMtt Analysis 31 Oob/RISE. SES 23.24
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    • 21 1 <jr Property: Pg 28 Glut in Tokyo*s office market to worsen Shandong city offers land for Singapore industrial township, Back Pg
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    • 37 1 Hock Lock Siew: pg 9 A/ What debt will mean for SIA, Tete^pi JTC to develop 3 industrial sites for $300 m. Page 2 Editorial: China's macrueconomic test, Pg 30 Currency recoups some lost ground. Back Pg
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 332 2  -  By Anna Teo GOING BY Visa International's numbers, the slowdown in eredit spending during the first quarter was far sharper for foreign than loeal cardholders. Total billings of Visa's Singapore credit cardholders grew 15.5 per cent year-on-year to $656.6 million, half the growth seen in previous
        Source: VISA International  -  332 words
    • 424 2  -  By A J Leow TECHNOLOGY Parks (TP) Pte Ltd. a fully-owned subsidiary of the Jurong Town Corporation (JTC). will spend about $300 million over the next decade to develop three newly acquired industrial sites. The developer of industrial parks made
      424 words
    • 162 2 THE controlling shareholders of financially troubled Devon group met their creditors and auditors from Ernst Young yesterday to discuss ways to prevent a collapse of the major vegetable oils dealer. The meeting at the office of Ernst Young lasted hours. The meeting with the
      162 words
    • 384 2  -  By Joseph Rajendran BANGKOK Thailand's publicly-listed GSS/Array Technology has reorganised its regional operations and concentrated its sourcing operations in Singapore. The electronics company is expected to source up to US$4O million (5564.5 million) worth of components this year, a "marked
      384 words
    • 158 2 ECONOMIC Development Board chairman Philip Yeo left for Bangalore yesterday. He will spend three days studying the feasibility of setting up an industrial park in the southern Indian city. Accompanying him are L&M Investments chief Albert Hong. Singapore Technologies Industrial Corp president
      158 words
    • NEWS ROUNDUP
      • 91 2 THE DIRECTOR of a night club was fined $7,000 yesterday after pleading guilty to multiple snare applications. Karjadi Tjugito. 39. a director of Apollo Nite Club (1986) Pte Ltd. deceived Hotel Plaza Ltd into believing that ABN Nominees applied for more than a million Hotel
        91 words
      • 87 2 ITALIAN fashion house Benetton yesterday raided five stores in Orchard Road and seized Sioo.ooo worth of fake goods. The T-shirts, sweaters and socks wer» seized from shops in Far East Plaza. Lucky Plaza. Orchard Plaza and the Far East East Shopping Centre. Benetton's local agent. Singaben Pte
        87 words
      • 71 2 BRITISH Foreign Secretary Douglas Hurd arrived here yesterday for a two-dav visit. Mr Hurd will hold discussions with Prime Minister Goh Chok Tong, Trade and Industry Minister S Dhanabalan. and Foreign Minister Wong Kan Seng today. He will also call on Deputy Prime Minister Lee Hsien
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  • Page 2 Advertisements
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    • 144 2 j J J .i"f p I i- i- 'kM The Lush a n Celebrity Villas of Jianxi Province To be Sold by Confidential i ISS&SPte v Sealed Tender (Unless Previous/ ly Sold) 7 Throughout the 20th Century, Lushan has been the favourite recreational retreat for Chiang Kai-shek and other influential
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  • THE REGION
    • 366 3 SINGAPORE Strong growth in recent years has put increasing strain on the Asian economies and unwittingly created policy dilemmas for the governments, says Crosby Securities. As the rapid growth takes its toll on the countries' infrastructure and labour, and as the traditional
      366 words
    • 452 3 Plan to give bridging loans of up to US$ 140 m Reuter AFP TOKYO Japan and France may form a support group later this year to help Vietnam repay US$l4O million (***** million) borrowed from the International Monetary Fund. Kyodo news agency yesterday
      Reuter; AFP  -  452 words
    • 193 3 Reuter HANOI Vietnam has licensed several big US firms, including Citibank, General Electric, Baker McKenzie and Philip Morris, to set up representative offices. A trade ministry official said yesterday that the authorisations, made last week, bring to 12 the
      Reuter  -  193 words
    • 38 3 Reuter PHILIPPINES A floating church-shaped shrine, which collapsed and sank on July 2, causing the death of more than 270 pilgrims, is packed with worshippers in this photo, taken a day before the disaster. Renter
      Reuter  -  38 words
    • 295 3 AFP MANILA Prominent academics and businessmen will hold a two-day conference this week to consider what went wrong with Philippine President Fidel Ramos' much vaunted development plan, organisers said yesterday. The meeting, to be attended by senior government officials, is expected to tackle Mr
      AFP  -  295 words
    • 310 3 Bernama KUALA LUMPUR Minister of International Trade and Industry Rafidah Aziz will present a paper to the Cabinet on the need for a new entity to spur the development for small and medium scale industries. The paper, based on recommendations by
      Bernama  -  310 words
    • 400 3  -  From Genevieve Cua in HONGKONG STATE-OWNED Telephone Organisation of Thailand (TOT) is studying privatisation proposals from five consortia of major consulting companies and financiers as it gears up for privatisation and a public flotation by 1995. TOT president Jumpone Herabat told Business Times
      400 words
    • 297 3 AFP Reuters TOKYO Visiting sian President Suharto said in remarks published here yesterday that he hoped Japan would mediate between rich and poor nations to help the latter achieve their development goals. "Japan appears to have the opinion that by giving big
      AFP; Reuters  -  297 words
    • 149 3 Bernama BANGKOK Thai Prime Minister Chuan Leekpai has rejected calls from the opposition parties for an investigation into the tax records of 11 members of his Cabinet, saying that was unnecessary. The calls have been seen as the retaliatory move by politicians seeking the
      Bernama  -  149 words
    • 326 3 Reuter BANGKOK Thailand yesterday banned a dictionary published by Britain's Longman company that provoked government and public protests by describing Bangkok as a city known for its prostitutes. A police special branch officer told reporters the Longman's Dictionary of English Language and Culture
      Reuter  -  326 words
    • ASIA NOTES
      • 101 4 AFP TAIPEI A Taiwan official yesterday charged the United States Congress and government with meddling in Tibetan atYairs. and said Western governments backing Tibetan independence wanted to see a weak China. It is "very absurd" that the United States involves itself in the
        AFP  -  101 words
      • 110 4 AFP TOKYO Bank of Japan (BOJ) Governor Yasushi Mieno yesterday reiterated his projection that the economy was bottoming out and would start a gradual recovery within the year. The BOJ governor made the remarks at the opening of the two-day meeting of 33 domestic branch
        AFP  -  110 words
      • 131 4 AFP HONGKONG Tenders for a key part of Hongkong's new airport project have been extended for a fourth time, pending Sino-British agreement on airport financing arrangements, it was disclosed yesterday. In a statement, the Hongkong government said the two lowest tenderers for the Central and Wan
        AFP  -  131 words
      • 125 4 AFP JAKARTA No single nation or group has the authority to pass judgment on any country on the issue of human rights, the Jayakaria daily yesterday quoted the Indonesian Defence Minister, General Edi Sudrajat, as saying. Speaking at the anniversary of the Taman Siswa school, one
        AFP  -  125 words
      • 98 4 AFP MANILA Philippine President Fidel Ramos said yesterday that he had accepted an invitation from US President Bill Clinton to make a state visit to Washington, but said the date and itinerary of the trip have yet to be arranged. Foreign Secretary Roberto Romulo said earlier
        AFP  -  98 words
    • 715 4  -  From Catherine Ong in HONGKONG ACTION by China to cool its overheated economy is unlikely to dampen the 5-6 per cent GDP growth forecast for Hongkong this year although the impact is expected to be felt in
      715 words
    • 341 4  -  By Chuang Peck Ming SINGAPORE China's easing of controls on the flow of its currency into Hongkong is unlikely to raise money supply or fan inflation in the colony. The Hongkong Bank says that the amount of renminbi
      341 words
    • 235 4 Reuter SEOUL South Korean Labour Minister Rhee In Je said yesterday that a month-long labour dispute at Hyundai Group subsidiaries was hurting the economy and warned that the government would not stand idly by. "A prolonged labour dispute not
      Reuter  -  235 words
    • 299 4 AP AFP BLUING British and Chinese negotiators met for more than three hours yesterday as they began a seventh round of talks on Hongkong's last elections under British rule. "We've got work to do. we only have two days of this
      AP; AFP  -  299 words
    • 349 4 Reuter SEOUL Three people were hurt when a boiler-room explosion yesterday rocked a luxury hotel where US President Bill Clinton is due to stay during a visit to South Korea this weekend. the hotel said. Guests were
      Reuter  -  349 words
    • 526 5 Reuter TOKYO Japan could have a short-lived Cabinet and more political confusion after the July 18 general election, a key figure in a new group which split from the ruling Liberal Democratic Party (LDP) said yesterday. "It is possible
      Reuter  -  526 words
    • 402 5 Reuter CANBERRA Australia's Labor government, battling unpopularity since its shock election victory in March, risked a further downturn yesterday when it told state premiers thev had to tighten their belts. Treasurer John Dawkins, facing a stagnant economy and a ballooning budget deficit,
      Reuter  -  402 words
    • 238 5 Reuter TOKYO Japan's low birth rate will lead to a labour shortage of 6.22 million people in 2010, even if economic growth slows, according to a report by the LTCB Consulting Institute. Using a projection of 2.75 per cent annual economic growth
      Reuter  -  238 words
    • 490 5 AFP ISLAMABAD Prime Minister Nawaz Sharif faced mounting problems yesterday with the Opposition raising the spectre of a military coup and threatening street protests to end his rule. Mr Sharif, 44, facing the worst crisis of his political career, is engaged in
      AFP  -  490 words
    • 173 5 Reuter NEW DELHI India's Supreme Court yesterday rejected a public interest appeal seeking the prosecution of Prime Minister PV Narasimha Rao for allegedly accepting a bribe from the broker at the centre of the country's biggest financial scandal. Judge M P Singh
      Reuter  -  173 words
  • Page 3 Advertisements
    • 93 3 Canadian International I School (Singapore) I Mrs. Kaye Hanson, consultant to I the Canadian International School I I will be conducting m I a seminar to introduce the I I Ontario Elementary Programme, I I scheduled to commence in Sept 93 I I The seminar will be held on I
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    • 136 3 Business Meetings Can be Moments Of Magic You can have the best beach location for your conference venue, luxurious accommodation with modern amenities and shimmering blue sea and golden sands in Langkawi or Cherating. 258 seoview rooms with balconies Full conference centre for up to 200 persons One of the
      136 words

  • Page 4 Advertisements
    • 322 4 Today, no one need suffer the misery of baldness. LEADING HAIR-LOSS EXPERT BRINGS LATEST FINDINGS TO SINGAPORE Master Trichologist, and the Svenson team of Kenneth Price the hair-care experts. Now, due to internationally renowned the overwhelming success London Institute of Tricholo- of Mr Price's visit and the gists, was recently
      322 words
    • 58 4 Last year, fierce competition forced systems at sensible prices: ALR. a leading PC manufacturer to slash I out more about the computer prices by as much as forty vj •'L company even the big boys are One company led the drive forreacting to. Fax now quality personal computers and *3
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  • Page 5 Advertisements
    • 251 5 It's now possible in an aeroplane. K H jgj^H Lp until now, the only way to On board, you'll find a Well by psychologists helps relieve stress. feei *resh after a trip through the u j n being menu. Designed not to become Finally, moisturisers in your air was if
      251 words

  • REGIONAL FOCUS
    • 1513 6  -  Hun Sen tells Harish Mehta about the country's new economic policy, and how former enemies are managing to work as partners in a new government Harish Mehta SINGAPORE Hun Sen has not lost his charisma or his political clout even though his
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  • Page 6 Advertisements
    • 378 6 GIVE YOUR MCE IK EXECUTIVE leading to Removed- |ryff worry lines the look of i^oB tired baggy eyes m w HjjLjJH Diminished > HB the onset of rtemovoo M IK J -j W furrowed open pores Jr M stresshrUs jr jl Diminished Diminished- Jltk WF- the start of the formation
      378 words
    • 87 6 COMMERCIAL LAI ■■m KUALA LUNPUR A Ripe Investment Opportunity Ir y Growing I jln Wangsa Maju Town Centre a suburban ft. township with an immediate,captive population of over 100,000 only 8 km from KL City Centre. a e ky 5-acre parcels. BIDS to be SEALED and submitted by 28th July
      87 words

  • THE WORLD
    • 545 7 IHT WASHINGTON US Secretary of State Warren Christopher delivered a warning to North Korea on Sunday that any effort to build a nuclear bomb would not be tolerated by the US. Mr Christopher said that North Korea was on a risky
      IHT  -  545 words
    • 169 7 AFP TOKYO Japan plans to bay two more airborne waraiag and control systems (Awacs) to cope with a possible missile attack by North Korea, the Yomiari Skimbmm said yesterday. The daily said in its cvnmg edition that the Defcace Agency had decided
      AFP  -  169 words
    • 571 7 AFP TOKYO When North American and European leaders start griping about Japan's record current account surplus at this week's Group of Seven (G-7) summit, the US and Britain will have the biggest axes to grind. The two countries were the only G-7
      AFP  -  571 words
    • 534 7 AP NEW YORK Most Americans think the US has no right to determine who holds power in another country even with problems as grave as those in Bosnia and Somalia, according to an Associated Press poll. But 61 per cent of those
      AP  -  534 words
    • 306 7 AFP NEW YORK The United States plans to announce an agreement with European allies and Japan for US$5OO million (SsBlo million) in aid to Russia at the economic summit in Tokyo this week, the New York Times reported yesterday.
      AFP  -  306 words
    • 495 8 Reuter BAGHDAD UN weapons inspectors pulled out of Baghdad yesterday after failing to persuade Iraq to comply with UN Security Council resolutions and let them install monitoring cameras at missile test sites. A Baghdad newspaper said the inspectors were
      Reuter  -  495 words
    • 422 8 Reuter CAIRO A leading Muslim militant warned from his cage in court yesterday that the US would provoke the hostility of Islamic movements across the world if it extradited Sheikh Omar Abdel-Rahman to Egypt. Safwat Abdel-Ghani, on trial for the murder
      Reuter  -  422 words
    • 517 8 NYT PHILADELPHIA Nelson Mandela and President F W de Klerk of South Africa joined President Clinton at the birthplace of American independence Sunday, capping a day of pointed remarks on the distance each nation must travel to guarantee the
      NYT; Reuter  -  517 words
    • 278 8 AFP LONDON Fugitive businessman Asil Nadir is alleged to have embezzled up to £565 million (SSI.4 billion) from the now bankrupt Polly Peck conglomerate, the Financial Times said here yesterday. The former Polly Peck chairman, who has sought refuge in
      AFP  -  278 words
    • WORLD WATCH
      • 90 8 AP BONN Chancellor Helmut Kohl yesterday named a replacement for the interior minister, who resigned a day earlier over reports that federal police executed a leftist terrorist. Manfred Kanther was picked to replace Rudolf Seiters, who quit over the death of Wolfgang Grams, a suspected
        AP  -  90 words
      • 116 8 Reuter BELFAST Riots flared for a third consecutive night in Northern Ireland with Protestant gangs launching petrol bomb and stone attacks on police into the early hours of yesterday. The weekend rioting in Belfast by Protestants began after the funeral last Friday of a
        Reuter  -  116 words
      • 97 8 AFP SARAJEVO Bosnian Croat forces ended overnight their blockade of the UN headquarters in the north-western town of Kiseljak. a spokesman for the UN Protection Force (Unprofor) said yesterday. Bosnian Croat forces, known as the HVO, had blocked access to the entrance of
        AFP  -  97 words
      • 106 8 Reuter ROME The Bank of Italy yesterday said it cut its discount rate one point to 9 per cent and its fixed advances (Lombard) rate the same amount to 10 per cent. The move follows Saturday s landmark accord between unions and employers laying down a
        Reuter  -  106 words
      • 100 8 AFP BRUSSELS The European Community's unemployment rate reached 10.5 per cent in May. up from 10.4 per cent in April and 9.4 per cent in May last year, the EC's statistical arm Eurostat said here yesterday. The jobless rate has been rising steadily
        AFP  -  100 words
    • 536 8 Reuter DUBAI The United Arab Emirates, which has persuaded its arms suppliers to reinvest hundreds of millions of dollars in the UAE economy, hopes the offset programme will help develop alternatives to oil as its main source of wealth. Foreign
      Reuter  -  536 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 295 8 Singapore could be India's link to East Asia: BG Yeo AFORE could be Indifc^/iTV r W* a as it re-oriental convenient point to pluf T.JC li.f S? §_r J Mry ie cconomy of East Asia, j n BOMBAY BG Yeo said he b< Lmster tor [niornuSon I in the 21st
      295 words

  • COMPANIES & MARKETS
    • 391 9  -  By Magdalene Ng SINGAPORE Singapore Telecom yesterday quashed market speculation that its public offer of shares would be delayed, possibly into next year. Treasurer Chua Sock Koong told Business Times yesterday the telecommunications giant expects to announce its latest full-year results to
      391 words
    • 367 9  -  From Genevieve Cua in HONGKONG INTERNATIONAL fund managers expect foreign demand for Singapore Telecom shares to be very keen, particularly if its issue price is perceived to be fair. The interest in Telecom is likely to be underpinned not only by Telecom's reputation
      367 words
    • 302 9  -  Fraa Yong Pow Ang in QINGDAO TIBS International, the subsidiary of listed Tibs Holdings, signed a contract yesterday in Qingdao to operate a tourist transport service its second venture in China. Total investment of the joint venture, Changlong Tourist Vehicles
      302 words
    • 305 9 SINGAPORE Trading company Haw Par Brothers International is well placed to exploit business opportunities in the Asia-Pacific region, especially in the emerging economies of China and Vietnam. It told shareholders in a circular that it has gained much experience through business
      305 words
    • 808 9  -  HOCK LOCK SIEW By Joyce Quek SINGAPORE When you want to rake in big bucks, you have to first spend big bucks. Nowhere is this more true than in the case of billion-dollar companies like Singapore Airlines and Singapore Telecom. SLA
      808 words
    • 331 9  -  By Joseph Rajendran SINGAPORE Creative Technology has set up a joint venture to sell computer sound cards in Japan. The homegrown firm has tied up with Japan's publiclylisted l-O Data Device Inc to form Creative Media KK, which will open
      331 words
    • 185 9 SINGAPORE Recently listed infrastructure developer Ipco yesterday announced that it has, together with its Malaysian partners, secured a MS6O million (5537.8 million) loan for its Lumut Port project in Perak. Ipco said the loan was fully underwritten and arranged by
      185 words
    • 100 9 SINGAPORE Promet Bhd will sell a 49 per cent equity interest comprising 19.6 million shares of MSI each in Bukit Naga Development Sdn Bhd to Bukit Naga Holdings, BND's other shareholder, for MJ37.4 million (5523.5 million) in cash. Soon after Promet executed the
      100 words
    • Article, Illustration
      344 9 Source: Bridge Info PerfenMace «f STN's Mex stacks Jul 5 Lax Sat tain StKk safe Char fartaraaauit <$) 0» Aviibo 2 240 0010 1.75 I 82 CAT 7 300 5.59 (cretns 5 400 0 050 4.14 9 09 FAN 12 400 0 100 9.65 IS IS GF Asia 2
      Source: Bridge Info  -  344 words
    • COMPANIES
      • COMPANY BRIEFS
        • 65 10 SINGAPORE United Engineers Ltd has signed a preliminary agreement with the Chinese province of Anhui to jointly develop a 1,200-megawatt, coal-fired power station in its capital Hefei. In a press statement issued in Singapore, UEL said details of the cooperation with the Anhui Power
          65 words
        • 37 10 SINGAPORE Jurong Cement reached an out-of-court settlement of US$lOO,OOO (S$ 162.000) on June 25 with Haw Par Trading Pte Ltd, which had claimed for loss of anticipated profits amounting to US$l.2 million.
          37 words
        • 68 10 SINGAPORE Cement Manufacturers Sarawak Bhd has announced a one-for-two bonus issue of 16 million new shares and a two-for-three rights issue of 21.33 million new Msl share at M 52.20 each. Proceeds from the rights issue will go to pay for its proposed acquisitions of
          68 words
        • 90 10 SINGAPORE SCS Computer Systems Ltd, the Hongkong subsidiary of Singapore Computer Systems Ltd, was awarded a HK$4O million (SsB.4 million) library system contract from the Urban Council for the next five years. When fully implemented in 1995, the library system will be the
          90 words
      • 437 10 UNIT TRUSTS FUNDS Mnupn prices Jul 6 Singapore Unit Trust The Commerce 1.34 1.41 The Sating* Fund 1.21 1.27 S'pore Prog Fund 0.56 0.59 S pore See Fund 0 88 0.92 S'pore Invest Fund 0.97 l.02xd S'pore Equity Fund 0.64 0.67 Asia Unit Trust Mai Invest Fund 1.77 1.86 Mai
        437 words
      • 1007 10  -  Top 50 S'pore companies by shareholders' funds By Quak Hiang Whai SINGAPORE Singapore Airlines is still the nation's biggest company based on shareholders' funds. But the rate of profit earned on those funds has slipped. The latest Business Times ranking of Singapore's top
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      • 364 10 AFP HONGKONG Shanghai Petrochemical Co Ltd. China's biggest petrochemical venture, announced yesterday a threepronged plan to float equity on the Hongkong. American and other stock markets. Financial advisers to the state-run company called the float the "first truly global offering" of shares
        AFP  -  364 words
      • 147 10 Reuter HONGKONG Tsingtao Brewer) Co Lid's share offer, which will make it the first mainland Chinese enterprise to be listed in Hongkong, has been subscribed by over 100 times, the firm's agent said. "It's in excess of 100 times. With the banking authority's
        Reuter  -  147 words
      • 266 10 Bloomberg Business News HONGKONG China s appetite for brand-name clothes and accessories have led to a 63 per cent increase in aftertax profit for Hongkong's Goldlion Holdings, a leading clothing retailer and manufacturer. The company said yesterday that net profit for
        Bloomberg Business News  -  266 words
      • 288 10 Reuter KUALA LUMPUR The Malaysian Investors Association (MIA) has alleged that some stockbroking firms were indulging in short-selling of shares which is banned on the Kuala Lumpur Stock Exchange. The authorities should investigate and charge the culprits, MIA president Patrick Lim said in a
        Reuter  -  288 words
      • 190 10 AP TAIPEI Formosa Plastics Group. Taiwan's largest business conglomerate, yesterday announced that it will build a NTS24O billion (5514.7 billion) petrochemical complex, the largest private project on the island. Group president Wang Yung-tsai said the Economics Ministry issued a permit earlier yesterday for the group to
        AP  -  190 words
      • 507 10 BANGKOK Thai oil refiner Bangchak Petroleum Public Company Ltd has delayed its planned exchange listing by at least another year after facing the financial embarrassment of making only 25 million baht (SSI.6 million) in after-tax profit in the first
        507 words
      • 858 10 Payment Ex Books P«> date close date Ale* Hldgs 50* b 6 Aug 31 Sep 6 Sep 28 Amcol 25* F 20 Jul 13 Jul 19 Aug 16 Apollo F 2.5 Jun 21 Jun 25 Jul 15 Asia Pacific I4N Jul 8 Jul 20 Jul 26 Asia Pac
        858 words
      • COMPANY BRIEFS
        • 86 12 Reuter SEOUL The Dong-Ah group, one of South Korea's biggest business conglomerates, will sign joint venture deals in China worth at least USS3 billion, a group spokesman said. "Chairman Choi Won Suk and the first deputy city mayor of Beijing signed a letter of intent
          Reuter  -  86 words
        • 91 12 Bloomberg Business News BANGKOK Miller Brewing Co, the second-largest beer company in the US, is considering entering the Thai market, the Bangkok Post reported. A senior executive of Philip Morris Inc, which owns Miller, held talks with Boon Rawd Brewery Co about a possible
          Bloomberg Business News  -  91 words
        • 65 12 Reuter TOKYO Citizen Watch Co Ltd said it is developing a new watch to be powered by temperature changes. Temperature changes will be converted into electric energy, which will be stored in a condenser in the battery-free watch, the company said. However, a Citizen
          Reuter  -  65 words
        • 76 12 Reuter LONDON Fisons pic said it was selling its Australian consumer health business to Parke Davis Pty Ltd. a 100 per cent owned unit of Warner-Lambert Co for As 34 million cash. The Australian business makes, sells and markets over-the-counter consumer health products under the principal
          Reuter  -  76 words
        • 81 12 Bloomberg Business News MADRID Tabacalera SA, the Spanish state-owned tobacco monopoly and food company, said the sale of its Royal Brands SA unit to RJR Nabisco Holdings Corp was cleared by the Council of Ministers last Friday. The approval means Tabacalera will transfer its
          Bloomberg Business News  -  81 words
        • 78 12 Reuter BONN Electrical engineering group Siemens AG said it had received an order from the Indian Department of Telecommunications to supply 110,000 telephone lines by the end of this year. Siemens did not give the value of the order. The company said in a
          Reuter  -  78 words
      • 254 12 Bloomberg Business News MELBOURNE Pasminco Ltd, Australia's largest integrated producer of lead, zinc and silver, said it sold its British zinc operations to Australian mining giant MIM Holdings Ltd for AS 100 million (Sslo9 million). The sale, which had been expected, will
        Bloomberg Business News  -  254 words
      • 298 12  -  Move aimed at centralising human resources in Auckland By Schutz Lee SINGAPORE New Zealand energy and forestry group Fletcher Challenge will close its Singapore-based petroleum exploration subsidiary on Oct I. The general manager of Fletcher Challenge Petroleum Asia, Keith Rawlinson, yesterday
        298 words
      • 261 12 Bloomberg Business News COPENHAGEN German clcctronics and engineering giant Siemens AG announced cost-cutting measures and more job losses as part of a programme to boost the company's international competitiveness. Chief executive Heinrich von Picrer said Siemens would strive to save a
        Bloomberg Business News  -  261 words
      • 527 12 MARKET WATCH Analysts expect market to consolidate Reuter WELLINGTON New Zealand shares have been given a post-budget boost to record highs and analysts expect the market to consolidate, possibly pushing higher before this year's general election. While there was nothing directly beneficial
        Reuter  -  527 words
      • 256 12 AFP IX)NDON British Aerospace (BAe) and General Electric Company (GEC) recently terminated preliminary discussions about a project to merge their defence activities, the two companies said yesterday. The two groups which are the biggest British companies in the defence sector, issued
        AFP  -  256 words
      • 202 12 Reuter TORONTO Northern Telecom Ltd brought in Paul Stern to help restructure its business four years ago but its financial future looks muddy now that the former chairman and chief executive has cleaned up his desk and left. Analysts believe the teleeom equipment
        Reuter  -  202 words
    • FINANCE
      • 426 13  -  By Soh Tiang Keng TRADING volume on the Singapore International Monetary Exchange soared to 7.4 million contracts during the first half of the year, which in all likelihood would give it another record year. A Simex spokesman said last night that the
        426 words
      • 348 13  -  By Paul Leo SINGAPORE The first internationally managed openended Indian fund came to Singapore yesterday. Credit Lyonnais Securities (Asia) opened the Indian Opportunities Fund to Singapore institutional investors following its launch in Hongkong on July 1. The offer, which will
        348 words
      • 231 13 Bernama KUALA LUMPUR The Kuala Lumpur Tin Market the world's only physical tin market which recently failed to post a price for the first time since 1986 is to get a shot in the arm. "We are studying ways to improve
        Bernama  -  231 words
      • 247 13 Reuter SINGAPORE The Investment Companv of the People's Republic of China (ICPRC) will act as a watchdog for bonds floated by the Chinese firms abroad and provide feedback to its parent, China's central bank. "The ICPRC will provide feedback to
        Reuter  -  247 words
      • SMALL CHANGE
        • 105 13 SINGAPORE Today, UOB Life Assurance launches a singlepremium endowment plan that offers a guaranteed yield that is tax-free. This plan, requiring a minimum capital sum of $5,000 as single premium, pays an amount equal to I.S times the initial investment sum in the event
          105 words
        • 79 13 Knight-Ridder KUALA LUMPUR The Kuala Lumpur Options and Financial Futures Exchange plans to launch trading in stock index futures and options by the last quarter of 1994. An exchange official said yesterday several issues still needed to be finalised, including the admission of
          Knight-Ridder  -  79 words
        • 103 13 Reuter TOKYO Dai-ichi Kangyo Bank Ltd (DKB) and seven other Japanese banks will extend a £50 million (SSI22 million) syndicated loan to the City of Glasgow. The loan term is five years and the interest rate is 0.55 per cent above the London Interbank Offered
          Reuter  -  103 words
        • 81 13 Reuter HONGKONG The Shanghai-based Bank of Communications has opened a London representative office this month, its first in Europe, according to Beijing-owned China News Service. This is also its third overseas office after the Hongkong and New York branches. The bank has total assets of
          Reuter  -  81 words
        • 88 13 Reuter PARIS French banks will raise their provisions again in 1993 because of exposure to the crisis-hit property market and troubled companies, Credit Commercial de France chairman Charles de Croisset said. "It seems certain already that provisions are going to rise," he told the daily
          Reuter  -  88 words
        • 77 13 Bloomberg Business News HONGKONG China International Trust and Investment Corp, the Chinese government's de facto investment bank, said yesterday that it had filed the necessary papers to sell US$l5O million (about SS24O million) in bonds in New York. The company said in a
          Bloomberg Business News  -  77 words
      • 154 13 Bloomberg Business News BANGKOK Nava Finance and Securities, an affiliate of the Thai Military Bank, was the most active brokerage on the Stock Exchange of Thailand (SET) for the six months ended June 30. The exchange said yesterday that Nava
        Bloomberg Business News  -  154 words
      • 435 13 Bloomberg ENERGY REPORT LONDON Oil futures prices on London's International Petroleum Exchange staged a moderate recovery yesterday, halting three consecutive days' losses. Trade was cautious and the volume limited, however, because the New York Mercantile Exchange was closed for the US Independence Day holiday.
        435 words
      • Article, Illustration
        1505 13 TraJt-Htiffkttd inJi-x iulmluuxJ a tain si S'ponr'% Utp 14 trading partners Bom' ytxir /W USS/SS forward rates Noon July 5 S$ BM Oder 1-month 1.6248 1.6263 2-month 1 6248 1.6263 3-month 1.6248 1.6263 6-month 1.6237 1 6257 Source: OCBC FOREIGN CURRENCY NOTE RATES As at llaa m My 2 Singapore
        1,505 words
      • 144 13 THE US dollar opened generally firmer this week despite poorer US employment data released last Friday. The dollar recovered after an initial sell off as the market rationalised that Western Europe faced graver problems than the United States. Against the Ss. the USS opened at
        144 words
      • 252 13 Reuter LONDON The dollar stole the chance for a nap yesterday as the absence of US operators left the currency markets quiet and directionless. With the US out for Independence Day celebrations, the dollar sat within a 1.6944/7015 mark range throughout European business. The dollar was a shade firmer
        Reuter  -  252 words
    • COMMODITIES & FUTURES
      • 1512 14 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures ended sharply higher yesterday, gapping up on the hack of a Japanese wire service report that the Group of Seven (G-7) would urge Japan to ease monetary policy in its communique at the end
        Reuter  -  1,512 words
      • 685 14 COMMODITY REPORTS Tjn TIN was weighed down yesterday by renewed producer selling prompted by declines on the LME. Traden; said prices settled eight sen down at MS 12.90 a kgLate European and Malaysian buying helped check the decline. Volume was 69 tonnes against Friday's
        685 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 98 14 SAN SALVADOR Brazil, Colombia and Central American cofTee-producing countries agreed on Sunday to cut their exports by 20 per cent to try to recoup some of the losses from price drops over the last 4 years. Concluding a 3-day meeting here, government officials and growers
          98 words
        • 52 14 TOKYO China has stepped up ofTers of aluminium ingot for export to Japanese and South Korean buyers amid stronger London Metal Exchange prices, said Asian traders. More offers have been heard from Chinese producers as LME prices have strengthened, although offered quantities are in small lots,
          52 words
        • 70 14 NEW DELHI The Indian government may allow export of superior quality durum wheat if food stocks remain favourable and the crucial JunSep south-west monsoon rain is normal, India's food minister Kalp Nath Rai said. The minister told a parliamentary panel last week that the government
          70 words
        • 72 14 NEW DELHI Wholesale vegetable oil prices in India are likely to remain firm this week because demand for oil is likely to remain steady, traders said. At the same time, the arrival of fresh crops will decline in the next few weeks because farmers
          72 words
    • 1675 14 Rubber juiys HAS Commodity Exchang* (futures closing as at Ipai) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug (TOO O00 132.50 i~200 3.250 Sep 0.00 0 00 134 00 350 5 400 Oet 135 00 135.00 134.50 875 7.425 Nov 135.00
      1,675 words
    • REGIONAL STOCK MARKETS
      • 1227 15 -3 THE AUSTRALIAN share market closed slightly lower yesterday. with gold the only feature in an otherwise subdued market. Gold stocks were firmer, but failed to inspire the broader market and most key stocks fell. Oil and gas were also softer. The All Ordinaries Index closed 3.0 points lower
        1,227 words
      • 587 15 -4.46 Share prices slipped on profittaking on selected blue chips but analysts said the market is poised for another rally. "I see a continuation of a rally. The market has pulled out of the doldrums we saw in June. The next one or two weeks will be very active
        587 words
      • 594 15 •9.91 Stocks reversed early gains to finish slightly lower on late prof-it-taking as investor confidence remained weak, brokers said. The weighted index, which rose more than 50 points at one stage, closed 9.91 points down at 3,907.33. Turnover was a very slow NTS 11.92 billion. Early rises were triggered
        594 words
      • 464 15 +4.48 The stock market closed higher in a day of very thin trade with buying focused on financial shares and large-manufacturings, brokers said. "The index was buoyant but the market, without improved trading volume, is still in consolidation." Choi Bum of Seoul Securities said. "I expect steady gains to
        464 words
      • 244 15 16.45 New Zealand shares hit a threeyear high, as Telecom Corp shares surged to a record NZ53.25 a share, brokers said. The Top 40 Capital Stock Index closed up 16.45 points at 1,715.52. It was the first time the index closed above 1,700 since August 1990. Volume was
        244 words
      • 50 15 +21.93 Shares eased slightly in kerb deals on fears triggered by rumours of likely raids by investigating agencies against a couple of stockbrokers, brokers said. The Bombay Stock Exchange (BSE) Index closed at 2,255.79 points, up 21.93 from last Friday's close. The National Index rose 8.67 points to 1.052.87.
        50 words
    • WORLD STOCK MARKETS
      • 1562 15 Britannia Funds Stcrliag Cash BM Odn Mim Cap Drpout 3* 6400 3*6V» Mim Jtnt) Gdl 01*93 0 1992 Mim Mat Income *<***** *10)00 L'SS Ca»h Income P1u» Fund 10 )300 *****0 PS S Re«r%e Fund 5.2100 5 2200 Sterling tfAy Euro Performance ***** 0 4931 Fir Em Fund *2.7650 *2
        1,562 words
      • 673 15 -19.2 Equities closed sharply lower on the first day of a new account yesterday, nagged by continuing misgivings about the UK's recovery prospects and weighed down by FTSE futures' weakness. But the losses were made in very thin trading conditions in the absence of Wall Street and were due
        673 words
      • 103 15 -15.71 The summer doldrums. Wall Street's closure and a view that France's ability to cut interest rates without Germany going first has become much more limited pulled prices down. The CAC-40 share index finished down 15.71 points at 1,925.44. Paris Jafc 5 Fr Air-Ljguide ?2*00 -1900 Aicald Xnslhom 6J6
        103 words
      • 183 15 -0.43 pc Swedish shares closed slightly down in quiet summer trade with S-E-Banken practically the only sign of life. Its A-share rose 3.50 crowns to a new year-high close of 46. "Investment house Alfred Berg's (S-E-Banken) analysis made the share take off but there were also many traders buying."
        183 words
      • 213 15 •5.64 German share prices made an overall loss, and dealers said the bourse was now heading for a downwards consolidation just because there were too few factors to inspire trade. The DAX-30 index ended floor trade down 5.64 points at 1,692.17, having recovered from an early slide to a
        213 words
      • 192 15 -4.28 Belgian shares closed down and in the lower part of their range in moderate trading. Traders did not exclude further drifting later this week as business was expected to fall back due to the holiday period. They also said intra-day volatility was likely to increase because of decreasing
        192 words
      • 154 15 +5 Italian stocks, boosted by last Saturday's labour accord. came ofT their highs later in the session when the Bank of Italy didn't follow through with an expected interest rate cut. traders said. "The market started off real well but the Bank of Italy didn't cut and people began
        154 words
      • 312 15 +26 Reversing a weak start in lacklustre trade, shares ended stronger across the board on the Johannesburg Stock Exchange, partly on the back of a steady gold price around US$3B 7/88 an ounce, dealers said. Expectations of a cut in Bank rate in August on better inflation figures helped
        312 words
      • 277 15 -6.56 Profit-taking in the oil and gas sector took Toronto stocks lower in midday dealings yesterday, kept lacklustre by the US Independence Day holiday. "It just seems like there's a small amount of profit-taking in the oils." one trader said. Dealers said there is concern in energy markets that
        277 words
      • 273 15 -1.96 Swiss shares closed weaker and dealers expected it to consolidate further in the coming days. Banks were the only sector to firm. Dealers said some investors sold chemicals for banks in expectation of strong half-year statements from the big three Swiss commercial banks. ÜBS bearers made the strongest
        273 words
    • Article, Illustration
      3098 16 Reuter HONGKONG Share prices closed lower yesterday as sharp early gains were erased by profit-tak-ing triggered by news that the first day of Sino-Brit-ish talks on Hongkong ended with no breakthrough. brokers said. The Hang Seng Index fell 12.52 points, or 0.17 per cent, to end at 7.205.41. It
      Reuter; Source: Bridge Info  -  3,098 words
    • Article, Illustration
      473 16 Reuter HONGKONG China's B stocks for foreign investors slid 4 per cent on the Shenzhen bourse yesterday, while the Shanghai B market was quiet as investors' attention turned to new offers. Tsann Kuen, the first Taiwan firm to list its stock on the mainland, fell IS per cent in
      Reuter  -  473 words
    • Article, Illustration
      2573 16 Reuter TOKYO Stocks ended mixed in thin trade yesterday. Turnover was estimated at a meagre 150 million shares, the lowest since Jan 18. Investors were reluctant to take positions until after the Group of Seven summit this week and general elections on July 18. brokers said. "Practically nothing is
      Reuter; Source: Bridge Info  -  2,573 words
    • Article, Illustration
      1807 16 Reuter BANGKOK The index gave up its intraday gains to close lower yesterday as small investors took profits late in the afternoon, brokers said. The SET Index finished 0.13 point lower at 887.79 on active turnover of 7.48 billion baht. The indicator hit its day's high of 897.00 during
      Reuter; Source: Bridge Info  -  1,807 words
    • Article, Illustration
      1093 16 Reuter JAKARTA Stocks closed weaker in lacklustre trade across the board yesterday, brokers said. The official index closed 1.14 points lower to 359.58. "There was not much room for downside risk but a lack of fresh factors put the market in a lacklustre mood.*' a dealer with a foreign
      Reuter; Source: Bridge Info  -  1,093 words
    • 2659 23 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume KcnoosBM Mk ll .W7.000 Idm H\d MX 105.000 taM U2MII IMe( Bank. 50c 4 652.000 lnno\csl Bhd 4.162.000 FAC1MX M74J00 MM MK UIJjM Bci>t) j Group 2.726.000 Multi-Purposr 2.674.000 BouMcjd MX 2.542.000 Hcfi Moid 2 415.000 kcmavan MX. 2.160.000
      Source: Bridge Info  -  2,659 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5391 23 Bernama KUALA LUMPUR Share prices turned easier despite a strong start here yesterday as the market ran out of steam midway. The KLSE Composite Index fell 2.22 points to 732.51 after registering an intraday high of 737.09 at 10.45 am. The broader
        Bernama; Source: Bridge Info  -  5,391 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7303 24  -  By Schutz Lee SINGAPORE Share prices in Singapore closed mixed in light trading yesterday, dominated mainly by retail activity in Malaysian counters. Brokers said the market opened with significant buying interest in Malaysian stocks but a lack of follow-through saw mild liquidation from about midday.
        Source: Bridge Info  -  7,303 words
      • 75 24  -  HOT STOCK Paul Leo SINGAPORE Bus Service ended yesterday at a record high of $7.85. It is poised Tor a correction back to 55.90. Monthly RSI at 100 indicates that it is overbought. Moreover, the weekly chart is showing a possibility of a divergence pattern falling RSI
        SOURCE: BRIDGE INFO  -  75 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 184 10 live Like A King Without Paying A King's Ransom. IriMMiHhtil We arc talking about king comforts at Holiday Inn. You have friends to take care of your business needs and a personal safe deposit box in every room to safeguard your important business documents. Our business centres ensure that your
      184 words

  • Page 11 Advertisements
    • 90 11 R Opportunities abound at 80 Robinson development combining modern aesthetics f beyond m^ress^ s >*- L r> l Commanding frontage to Robinson Road Waterfront view j o j n t Marketing Agents: g[ /^SS§\ •28 floors of almost column-free office space ||R h [ftjS[w\ Polished granite on entrance and lobby
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  • Page 12 Advertisements
    • 156 12 Presenting the Movenpick® set roast meals. U.S. Prime Rib Monday U.S. Duckling Tuesday Australian Leg of Lamb Wednesday Beef Wellington Thursday Fresh Salmon Florentine Friday Roast Capon Chicken Saturday All with soup, salad, fresh fruit and coffee or tea. Succulent roasts with potatoes in town, any day of the week
      156 words
    • 176 12 THE UNIVERSITY OF This is a highly innovative 18-month J JF I InnOVßtiOflS StrGflQthS distance teaching postgraduate specialist FIRS t specialist MBA Investment and programme. It is designed to prepare KM Finance in the region ambitious managers and executives for Uh more effective specialist management J FIRST to provide fax-a-professor
      176 words

  • Page 13 Advertisements
    • 153 13 iftßßh Caribbean Extravaganza? ABSOLUTE AUCTION The New Hong Kong of the WCStSCaribbean beach front lots, jungle river lots, acreage tracts for farms and ranches, development acreage for hotels and golf courses, all select for development or recreation. The best in Belize! Instant terms available. (Some U.S. properties.) Call National Auction
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  • Page 14 Advertisements
    • 193 14 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. o 8.V.1 3 ISLE OF MAN 3 BAHAMAS O JERSEY a BELIZE a LIBERIA d COOK ISLANDS Ci MADEIRA
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    • 35 14 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead 737-1166 Business heats up when you make *he call and place an ad. CJLT.S. 737-*****
      35 words

  • Page 15 Advertisements
    • 139 15 When was the last time you THE BITTERNESS OF SUGAR! 1 3 UXCII LI I through lunch? »7j f' tfk *"M ,Y R Although we know that it is 4 i IW W GUARD AGAINST SUOAI CALOIIES hmt o C ><1 not good for our health, with our ■;3Wfast paced
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  • Page 17 Advertisements
    • 511 17 111 ■Hi 11 INI ill II illllllllllllllllllllllll 111 I 111 I 111 1111 111 l 111 l II nl would like to congratulate companies will continue to find it profitable to use AI Jk IIA I Trident Districentre on the Singapore as their manufacturing and distribution g M I f'l
      511 words

  • Page 18 Advertisements
    • 187 18 iiiijiiiiiiii 11 in imiii 11 mi mi ii nil i ill j ill iiiTiiTr- zW* y> I m 4 H |K-| &fc-_ "T hmi ■■■ii rn—— Ttz Trident Districentre at 60 Toh Guati Road, Singapore 2260. A modem, state-of-the-art licensed warehouse. Congratulations OBAYASHI OBAYASHI CORPORATION OBAYASHI SINGAPORE PRIVATE LIMITED 1
      187 words

  • Page 19 Advertisements
    • 205 19 ■igjBIIH II 111 I 111 I ill 1111 lllill I 111 I 111 *****1 111 I 1 Telemecanique the automation and BI u£ nrionitoring of the mechanical environment and communication with the m||HS||iLg 1 m We are proud to be appointed as the contractor to MHE-Demag Logistics JHHj s WjM
      205 words

  • Page 20 Advertisements
    • 236 20 iii>iiiiiiiiiiiiiiiMiiiiiiiiiiiiiiiniii Congratulations Congratulations Congratulations Congratulations on the on the on the on the Official Opening Official Opening Official Opening Official Opening °f of of of TRIDENT TRIDENT TRIDENT TRIDENT DISTRICENTRE DISTRICENTRE DISTRICENTRE DISTRICENTRE ®B J ORACLE" I ATTWOOD IMPEX PTE LTD INTERLOCAL EXIM PTE•LTD ECICS HOLDINGS LTD INTERLOCAL EXIM PTE
      236 words

  • Page 21 Advertisements
    • 415 21 111 "If 11 111 111 l II 111 I 111 I 111 1111 111 1111 111 I 111 I 111 1111 111 111 I Congratulations Congratulations Congratulations Congratulations ft£ALl IT COMPUTER SYSTEMS I HSx "We are proud to supply the office furniture ft** i/m A D l"\ for Trident Districentre."
      415 words

  • Page 22 Advertisements
    • 345 22 11l ■PJJL 1 11 111 111 II 111 *****111 111 111 l II 111 I ill I 111 ill 11 Congratulations Congratulations Congratulations Congratulations BHP LYSAGHT S.E.ASIA SAS CONTRACT SERVICES MAGNIFICENT SEVEN ISLAND CONCRETE (PTE) LTD PTE LTD PTE. LTD. CORPORATION PTE. LTD. 83-E HINDHEDE ROAD 18 BENOI SECTOR 10
      345 words

  • Page 23 Advertisements

  • Page 24 Advertisements
    • 141 24 Saving on laser printing costs is easy with Laser Care Toner Cartridges they're 40% cheaper with no loss in quality! That's because of our OEM' process, plus the fact that we deal direct with our customers. You'll also achieve up to 5,000 copies per cartridge, versus the normal 4,000, thanks
      141 words

  • SPORTS
    • 699 25 Wimbledon AP WIMBLEDON Fete Sampras couldn't handle Grand Slam success the first time. This time, he's ready. "This is something that I'm more prepared for than I was in 1990," Sampras said after serving his way past Jim Courier on a scorching
      AP  -  699 words
    • 690 25  -  George Vecsey laments the charmless tone of the Sampras-Courier final George Vecsey NYT WIMBLEDON "Jackets off." In the Royal Box, these are the kindest words of all. It means that by royal decree, all gentlemen and ladies are free to doff their jackets on
      NYT  -  690 words
    • 316 25 AFP MANILA About 100 Philippine national athletes led by South-east Asian sprint champion Lydia de Vega marched to the presidential palace here yesterday to protest against alleged abuses, including sexual harassment, by sports authorities. President Fidel Ramos met a delegation representing the 100 athletes
      AFP  -  316 words
    • SPORT SHORTS
      • Article, Illustration
        70 25 Reuter NtW YORK American l-eague Sunday: Texas 8 Detroit 6; Minnesota 4 Milwaukee 3: Chicago 3 Baltimore I; Kansas 3 Toronto 1; Boston 6 Seattle 0: Oakland 7 NY 6; California 7 Cleveland 6 (in 11). National: Atlanta 4 Florida 3: LA 1 Montreal 0 (in II); SF 10
        Reuter  -  70 words
      • Article, Illustration
        141 25 AP LES SABLES D'OLONNE, France The Tour de France is barely two days old and two-time defending champion Miguel Indurain has already pulled two surprises. First he made an impressive showing in the short prologue on Saturday, winning by eight seconds over the field where victories arc usually measured
        AP  -  141 words
      • Article, Illustration
        228 25 Reuter AFP MONACO Pete Sampras' first Wimbledon victory also made him the first player to go above 4.000 points in the ATP rankings with 4,197. July 5 rankings: I. Sampras (US) 4.197 pts 2. Jim Courier (US) 3.842 3. Stefan Edberg (Swe) 3.230 4. Boris Becker (Ger) 2.786 5.
        Reuter; AFP  -  228 words
      • Article, Illustration
        64 25 AP AP GL AY AI.QUII.* Kcuador Copa America final Sunday: Argentina b Mexico 2-1. AP DAMASCUS, Syria Asian World Cup qualifying Group C Sunday: Iran b Taiwan 6-0; Syria b Oman 2-1 Iran needs to draw with Syria in the last match todav to join Iraq. North Korea. South
        AP  -  64 words
      • Article, Illustration
        92 25 Reuter Reuter LEMON 1", Illinois Western Open leading Final scores Sunday (US unless stated): 269 Nick Price (Zim) 64 71 67 67 274 Greg Norman (Aus) 69 68 67 70 277 Bob Lohr 72 69 67 69 278 Brian Henninger 71 73 66 68. Mark Wiebe 65 73 71
        Reuter  -  92 words
    • 519 25 Golf AP Reuter KILKENNY, Ireland Nick Faldo shot a course record 65 and then won a playoff with Jose Maria Olazabal at the first hole on Sunday to win the USSB7O.OOO (551.39 million) Irish Open for the third time in a
      AP; Reuter  -  519 words
  • Page 25 Advertisements
    • 22 25 f STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times WEKNO*ASIA
      22 words
    • 211 25 M THE MATTER OF THE COMPANIES ACT, CAP 90 AND IN THE MATTER OF T.L.S. SECURITIES FTC LTD (In Members' Voluntary ■it--, r.j; TT w NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50 that a Final Meeting of the Members of the abovenamed Company
      211 words

  • Page 26 Advertisements
    • 746 26 Business 1 imes, i uesaay July I Nullfangßeats ABmL WHEBE to wine, dime and entertain oy ■—I HmHßnk Qit(ml|> From spm to Bpm daty,a good reason to comc down with drinks at only $3.50++ cadi. (Bear A Houm powtngcMnls only). Now Maying: •aafi»oTfi*BeT m Ladks Night Every Tuesday! For fMwvafeons,
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    • 235 26 [FREE! 1 use of KT V rooms* at the Coleman's Lounge with a minimum expenditure of $200- inasyE HAPPY HOURS: 5.00pm to B.oopm with a minimum expenditure of $120" 1 for 1 offer on beer and regular brands 20% off o premium brands I and bottle sales I Max. 12
      235 words

  • LIFESTYLE
    • 793 27  -  Swedish standing stones yield stories of Viking valour. Tony Austin finds out more about these tales of long ago Tony Austin Reuter Rising sheer out of the Swedish landscape, rough-hewn granite slabs etched with hieroglyphics tell bloodcurdling tales of long ago. "See, Sigurd, there on
      Reuter  -  793 words
    • 584 27 CHATTERBOX AP UPI AP AP AP ACTOR Robert De Niro was in Jerusalem on Sunday promoting his new film This Boy 's Life and got some VIP treatment. His photograph was splashed on front pages of newspapers, and he had an audience with
      AP; UPI  -  584 words
    • 919 27 NYT A CADRE of young, globe-trotting movie executives charged with knowing every non-studio film being made around the world is transforming the way these movies are bought for distribution. No longer are these executives waiting for Cannes or Milan or Telluride
      NYT  -  919 words
  • Page 27 Miscellaneous
    • 1293 27 TV RADIO I Stephen sequel H^. wooden and kills some teenage delin- ,-'JUmv ||&UjflE vV quents. Dope-smoking teenag- ,v3rftgr I |«!a \Vv ers on a swim are terrorised by tl 'n"'"Smr\"itiiflff I *W. a bin-liner and a hitch-hiker V&gH^aQj.j run over by a lady driver lives S "«jip on to
      1,293 words

  • PROPERTY & CONSTRUCTION
    • REGIONAL SKYLINE
      • 84 28 South China Morning Post HONGKONG Dickson Construction International will take a HKS2O million stake in a HKS3OO million hotel renovation project in the Chinese city of Wuhan. Its partners are La Kimberley Hotels International, Golden Resources Development and Chi Cheung Investment, all from Hongkong, and
        South China Morning Post  -  84 words
      • 84 28 South China Morning Post HONGKONG The New World group of Hongkong has paid HK$7O million for a 20 per cent stake in the Zhifang Concord Plaza in the mainland city of Guangzhou. The cost of building the HKS7OO million commercial complex will be shared
        South China Morning Post  -  84 words
      • 59 28 Australian Financial Review SYDNEY Australian investors believe the residential property slump is over, according to a survey by estate agent Jones Lang Wootton. More than 60 per cent of 120 major investors quizzed by the firm believe the market has bottomed out, while 13 per
        Australian Financial Review  -  59 words
      • 59 28 Australian Financial Review SYDNEY Australian contractors are missing out on infrastructure projects in Asia, says the country's Construction Industry Development Agency. Australian market share is way behind that of Japanese, American and European builders, the agency says. Part of the problem is a lack of familiarity
        Australian Financial Review  -  59 words
      • 48 28 South China Morning Post HONGKONG The Regal group has no plans to build more -hotels in Hongkong, says chairman Lo Yuk-Sui. Instead, it will look at projects in mainland China, including the upgrading of existing hotels in major cities. South China Morning Post.
        South China Morning Post  -  48 words
    • 232 28 Selected ERA transactions in the past week Mi of iZI Buillnn Sdtartc* trwdtom MP* <tqf Q Tim— g 8>N PRIVATE Jun 29, *93 I 0512 Faber Heights Semi-D 2500 (5,000) FH 1,770,000 708 Jun 28, '93 1027 Greenleaf View Semi-D 3612 FH 1,650,000 457 Jun 28, *93 1027
      232 words
    • 597 28  -  S N Vasuki takes stock of what was once an unimaginable situation S N Vasuki THEY are callcd bubble economy buildings sleek new towers of glass and concrete in downtown Tokyo. They have everything facilities, status and location. Everything, that is, except tenants.
      597 words
    • 154 28 ALTHOUGH Genting Highlands boasts the scenic Awana Golf and Country Gub, it is generally associated with gambling. But things are going to change. The resort will soon expand its facilities to attract families as well as its usual crowd of punters. Operator Resorts World hopes to do
      154 words
    • 371 28 Reuter BRITISH institutional investors have earmarked at least £5.5 billion (5513.3 billion) to invest in office blocks and other commercial buildings but only want to buy at the top of the range. Property analysts say a revival of interest in
      Reuter  -  371 words
    • 511 28  -  Vanessa Houlder reports on the Swedes' disastrous record of investments overseas Vanessa Houlder LONDON Edinburgh Trust, a UK property company bought by Swedish insurer SPP three years ago. has won itself a place in the record books. Its £448.6 million (551.076 billion)
      511 words
    • 863 29  -  FACB is on the acquisition trail. Kooi Cho Teng talks to its executive director Kooi Cho Teng Malaysia's First Allied Corporation Be r h a d (FACB) has gone through a metamorphosis in just over a decade from a manufacturer of airconditioners and
      863 words
    • 129 29 Malaysians working in Singapore are the main buyers of bungalow plots at a new country club being developed outside Kuala Lumpur. They bought 48 of 120 plots at the Bukit Tunggul Golf and Country Resort, which were offered recently at
      129 words
  • Page 28 Advertisements
    • 149 28 FOR LEASE Breakfast in a garden terrace overlooking the curvilinear swimming pool, and listen to the waterfall gently cascading into a Balineseinspired sunken courtyard and a lily pool set amidst rich tropical foliage. Enjoy resort-style facilities that come with a full-time Manager. Facilities Co-ordinator and exemplary concierge service. Your apartment,
      149 words

  • Page 29 Advertisements
    • 151 29 OVERS E A S You can get newspapers magazines distributed by SPH from any of the following newspaper agents: Brunei: Current Newspaper Agency: Tel: *****9; Fax *****43 Far East Newspaper Service Tel: *****2; Fax *****02 Hai Bin Book Store: Tel; *****9; Fax *****95 See Hwa Book Store: Tel: *****6; Fax
      151 words
    • 451 29 a Ask any optician about one of the catching features that Eizo monitors offer. most common causes of eye strain and To make adjustments easier, he will tell you it's computers. all the control panels are Or, to be more precise, monitors. mounted on the front within KT You see,
      451 words

  • 520 30 EDITORIAL A YEAR AGO, any senior Chinese official who dared to breathe the word "overheating" risked being labelled an enemy of economic reforms, or worse, an opponent of paramount leader Deng Xiaoping. For many months, even as outsiders warned of rising inflation and rampant speculation, the official
    520 words
  • WHAT THE OTHERS SAY
    • 373 30 AS THE new tribalism develops in Europe, it is necessary to move away from the euphemisms and platitudes that have gathered predictably around it and see it for what it is. That is difficult, for this is the world of designer tribalism. The known variety is
      373 words
    • 134 30 JOHOR BARU is a place most frequented by Singaporeans. The Johor state government and retailers in Johor Baru welcome Singapore consumers but the latter's behaviour is often the subject of criticism by official and non-official sources there. Generally, they feel that many Singaporeans, although
      134 words
    • 188 30 SINCE Chris Patten left for the Cabinet summit on Hongkong policy, the signals from London have been perplexing. Mr Patten has stressed his determination to "get on with things ourselves" if there is no agreement with China. But he also has appeared to ofTer an unexpected flexibility
      188 words
    • 216 30 SOME PEOPLE might see it as a blessing in disguise. Whatever it is, as the Association of Muslim Professionals (AMP) faces a leadership struggle, there seems to be a shift in its stand towards the politicians. It may be mere coincidence when the AMP, for the
      216 words
    • 98 30 Socialism is about social equity. Vietnam's leaders should consider the words of author Susan George in her disturbing book A Fate Worse than Debt. If the IMF valued equality, education, health care, etc, it could use its programmes to encourage them in the interest of a country's
      98 words
    • 63 30 Disappointing as it may be, the World Human Rights Conference should not be seen as a useless exercise. Certainly, more talks are needed because of the worrying aspect that Asian governments are maintaining that development has priority over human rights and that economic, cultural and social
      63 words
  • 1151 30  -  Leon Hadar, reporting from Washington, looks at President Bill Clinton's trip to Asia Leon Hadar TWO weeks ago, Clinton administration officials were expressing concern that the President failing to muster Congressional support for his economic plan, mismanaging diplomacy in Bosnia and drowning in
    1,151 words
  • Page 30 Advertisements
    • 150 30 Beach across and I H 9 touch the soul of a nation. C/ th National Day Special Features To commemorate the 28th National &..jS Day of Singapore, the SPH group of newspapers The Straits Times, Qi ♦j rrr Lianhe Zaobao, Lianhe Wanbao, shin News Marian will publish National Day special
      150 words
  • Page 30 Miscellaneous
    • 72 30 r ir r i (voo tolo me TO) iveaeeNl HOLDING] ljglll ITS lou ST.ll) \HOtD ON J \ON FbC TueNTV p>/£ I G«eAT MOT "fclkr.>J& vrdefce, 7 \j \rn«Mvjnc.s... V TO YOU...H«^A -y {rdhceliMHjl PID |S)QT f •MOCMTtOHCWtIW LTO.mI-tfW POONESBURY GARRY TRUDEAU M%mm\ wv mnrs 1 I tgZL IHfo. ANNOUNCING
      72 words

  • ANALYSIS
    • 823 31  -  With Asian leaders having mounted an intellectual challenge to the very idea of democracy, the Western media has begun a counter-attack. Today, we carry a blast by Newsweek columnist Joe Klein, as well as a New York Times editorial reminding Americans
      Newsweek  -  823 words
    • 654 31 NYT AMERICANS deem it self-ev-ident that men and women everywhere are created equal, with the same universal right to life, liberty and the pursuit of happiness, just as the Declaration of Independence says. But Third World countries like Indonesia say otherwise, claiming that
      NYT  -  654 words
    • 1332 31  -  The meeting, which begins tomorrow, has become something of a giant annoyance. David E Sanger reports David E Sanger NYT THIS WEEK was supposed to be the crowning moment in Kiichi Miyazawa's political life: a chance for Japan's urbane, English-speaking
      NYT; Reuter  -  1,332 words

  • 505 32  -  From Yong Pow Ang in QINGDAO QINGDAO, an open coastal city in Shandong province, is joining the fray to get the Singapore government's involvement in a proposed Singapore industrial township project. It is offering Singapore a 5.7-sq km plot of
    505 words
  • 403 32 Bloomberg Business News Reuter BEIJING The yuan regained 7.5 per cent of its value in China's largest currency market yesterday, following Friday's appointment of VicePremier Zhu Rongji as central bank governor, government officials said. At the Shanghai Foreign Exchange Swap Market, a
    Bloomberg Business News; Reuter  -  403 words
  • 187 32 Reuter BEIJING China has rebuffed President Bill Clinton's request to join the United States publicly in a moratorium on underground nuclear testing. In a statement issued yesterday in response to Mr Clinton's extension of a testing moratorium, the Chinese Foreign Ministry
    Reuter  -  187 words
  • 387 32 Reuter GENEVA The world trade watchdog Gatt yesterday launched a counter-offensive against rising protectionist sentiment in the United States and Europe, arguing that freer trade would save jobs and boost the international economy. The body's new chief, Peter Sutherland,
    Reuter  -  387 words
  • 289 32 AP Reuter AFP SAN FRANCISCO President Bill Clinton has called for a special meeting of Group of Seven nations at Camp David to discuss remedies for unemployment in the world's industrialised countries. In a speech yesterday before departing for his first
    AP; Reuter; AFP  -  289 words
  • 257 32 AP LONDON Britain has announced more than £1 billion (552.4 billion) in defence cuts, including ditching Tour brand new submarines which it hopes Canada or Saudi Arabia will take. Critics yesterday charged that Britain's second round of post-Cold
    AP  -  257 words
  • 888 32  -  The Bottom Line PHILIP BOWRING PHILIP BOWRING The writer is a Hongkong-based journalist w ho contributed this commentary to BT TEEMING cities, snarled traffic, sweatshop factories, rows of shophouses, construction and pollution all around, hard work, consumer goods, mobile telephones, karaoke lounges in
    888 words
  • Page 32 Advertisements
    • 54 32 Singapore's most popular Key Telephone System FREEHOLD RESIDENTIAL SITE AT MOUNTBATTEN ROAD DISTRICT 15 FOR SALE BY TENDER Under Instruction from Kew Estate Ltd Site area 2,692.3 sm (28,980 sf) Development: A 10-storey apartment block, potential up to plot ratio of 1.55 Closing Dale 15/7/93 by 3 pm For further
      54 words
    • 339 32 SINGAPORE COMM Distributor of the most sought after Key Telephone System V Tel: 278 7088 I A two day seminar on Financial Derivatives Accounting, tax, regulation and control issues I As Financial Derivatives become more common in Singapore, the number of issues with respect to these products increase. This popular
      339 words

  • SHIPPING TIMES
    • 467 33  -  By Ramesh Divyanathan SINGAPORE A new warehouse owned by a Neptune Orient Lines subsidiary is poised to set the logistics industry on a new course with its levels of automation and economic use of space. Trident Districcntrc, which will be officially opened today by
      Photo by Chris Loh  -  467 words
    • 397 33  -  By Juliette Walker SINGAPORE A US-based tanker and tramp agent has appointed a local representative. after uncertainty created by the US Oil Pollution Act of 1990 forced the agent to look abroad for growth. The Bill Black Agency Group (BBA)
      397 words
    • 314 33 Seatrade Week NEW YORK Shell has sold the last two units in its dry bulk fleet, negotiating the 1981 -built 127,900-ton sisterships Tribuliis and Tricula to John Frangos/Seaways Shipping interests. The vessels were sold on private terms but brokering circles put a US$3B-mil-lion
      Seatrade Week  -  314 words
    • 859 33 Page Col ABC Containcriine 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 Alpha Feeders 6 1 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line. The 9
      859 words
    • 378 33 International Transport Journal BREMEN The round-the-world service operated by the Bremen-based Senator Linie together with DSR and Cho Yang is now equipped with optimum tonnage, the company's chairman Karl Heinz Sager states. According to him. Senator is now in a
      International Transport Journal  -  378 words
    • SHIPS IN PORT
      • 859 34 Vwwl Voy Wo Bwth Arrival Dijttrtw J IK mis Port ASI 157 T) J1 alongside 0607/1000 Bulk Topaj 1 93 18 9 06 07 1800 Iran laya 38, 93 13 alongside 0607 0300 Kayashima Maru 5 ft 6 alongside 06 0 7 0600 Meiar indah M 93
        859 words
      • 1697 34 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ace Concord 33W 07/1900 2 05 1700 06, 0659 06 0900 06/1200 06/1459 06 1700 H* 196 06/1500 1 05 1500
        1,697 words
    • 11416 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,416 words
    • 3332 47 Containeriine NV: Belsin Shpg Agencies Pte LI«J (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sen-Air Service; Frata Shpg Pte Ltd (S). Alfred
      3,332 words
    • 268 47 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express Ino el Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services
      268 words
    • 1467 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. \erolink Freight International Tel: 545-8031 Fax: *****05. \erospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,467 words
    • 2627 48 ALBANIA Duress: Five vessels in port discharging Of which 2 general cargo, 1 coke. 2 sugar. ANGOLA Luanda: Port busy, all berths occupied but no real congestion maximum wait about one day. Lobito: Port operating with low traffic levels. Aid cargo being discharged to receivers* trucks, and rail
      2,627 words
    • 327 48 SHIP SALES TANKER RATES AFP VESSELS SOLD FOR FURTHER TRADING Bulk Carriers Mv Spring Hawk: built 1984 in Japan; 37,694 dwt on 10.84 m draft; NK; sho-ha; 4xlst cranes; 6,936 bhp Sulzer diesel; sold for US$l5.l millionto Chinese interests. Mv Armenistis: built 1981 in Japan; 26,975 dwt on 10.63 m
      AFP  -  327 words
    • 556 48 ARRIVALS Op Flight Type ETA T From TOOAY NCA K2203 B747F 0145 I NRT KAL K.E697 B747F 0150 1 SEL JAL JL617 B747F 0345 I TYO SI A SQ835 B747F 1125 2 BSL/DXB RJA RJ024 B707F 1900 1 AMM/DXB CLX CV796 B747F 2115 1 LUX/AUH/KUL TOMORROW AZA
      556 words
    • 312 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No JULY 05 06 Continental World 1000 2000 Cruise to Nowhere Lauw Sons Travel 227-8284 07 07 Continental World 1200 2000 Sin-Jakarta Law* Sons Travel 227-8284 II II Continental World 1000 2000
      312 words
    • 674 49 DRY cargo freight rates continued to slide on July 2 as fewer cargoes emerged in most loading areas, brokers said. Demand from all commodities trades, with some exceptions in coal, has moved into the seasonal doldrums. The Baltic Freight Index fell by eleven points to 1.447. Some interest
      674 words
    • 990 49 COURSES Title: SFFA Standard Trading Conditions Duration: July 6 Aug 17 (7 evenings): Organiser: Singapore Freight Forwarders Association/PSA Tel: All courses are open to nonmembers. For further details and application forms contact SFFA at 253-7550 or fax: 253-2303. Title: Cargo Handling and Shipping Course (SDF 50%) Duration: July
      990 words
    • 958 50  -  Precautions taken onboard cruise ships today have to be focused on three key areas the crew, the vessel and the passenger, says Lars Sjogren, managing director of Sembawang Johnson Management Pte Ltd Lars Sjogren THE SUPPLY and quality of men on board a vessel
      958 words
    • AIR AND LAND TRANSPORT NEWS
      • 505 52  -  Although highly imbalanced, agreement not a constraint: airline official By Juliette Walker SINGAPORE Malaysia Airlines (MAS) is satisfied with the existing air service agreement with the United States, for now at least, said the airline's director of corporate planning. Bashir Ahmad
        505 words
      • 60 52 Reuter LAZARO CARDENAS, Mexico Norwegian (anker Betula was still aground in Playa Azul on Sunday. The 22-year-old vessel became incapacitated a week ago when it was unloading sulphuric acid. The ship still holds about 4,000 tons of the acid but there is a small leak
        Reuter  -  60 words
      • 181 52 Bloomberg Business News SYDNEY Moody's Investors Service said yesterday it has assigned a long-term investment grade rating of "Baa 2" to Qantas Airways' US$375 million (SS6O3 million) in senior unsecured notes. The securities were sold privately in US debt markets last month. Standard Poor's earlier
        Bloomberg Business News  -  181 words
      • 231 52 Bloomberg Business News BEIJING China raised rail freight charges by 39 per cent on Thursday, and is considering an electricity price hike, the China Daily reported last Saturday. A circular issued by the State Council, China's cabinet, instructed local governments to keep a tight
        Bloomberg Business News  -  231 words
      • 366 52 NYT Fort Worth, TEXAS American Airlines, seeking to expand its trans-Atlantic routes, has been awarded the PhiladelphiaLondon route that USAir was forced to give up as a result of its recent link with British Airways. The route will expand American's presence at London's Heathrow airport,
        NYT  -  366 words
      • 514 52 JOHANNESBURG Police stormed a hijacked Royal Swazi Airline plane on Sunday night and shot a lone gunman in the head, ending a threehour drama at the Johannesburg airport. The pilot and one of the passengers on the twin-engine Fokker-28 plane were also hit in
        514 words
      • LOG BOOK
        • 74 52 Reuter NEW YORK Gulf Offshore NS Ltd, a unit of Gulf Mark International Inc. said it agreed to buy the Offshore Supply Division of BP Shipping Ltd, a unit of British Petroleum Co pic. Terms of the proposed transaction were not disclosed but the
          Reuter  -  74 words
        • 74 52 Reuter LONDON Rolls-Royce pic said it formed a new aircraft engine services company to operate its United Kingdom-based maintenance and overhaul business. Rolls-Royce said about 2.500 current employees in the UK will be transferred to the new company, called Rolls-Royce Aero Engine Services Ltd. The company
          Reuter  -  74 words
        • 87 52 Knight-Ridder MOMBASA, Kenya A Liberian oil tanker which ran aground at the entrance of the Kenyan port of Mombasa on June 25 with a cargo of 80.000 tonnes of crude oil from Saudi Arabia has been successfully refloated, it was officially announced. The 87,000tonne ship. Ml' Sunefta,
          Knight-Ridder  -  87 words
        • 62 52 Reuter LUANDA Angola's central bank is setting aside U*****,000 to pay part of the debt of the state shipping company Angonave, the official news agency Angop reported. Angop quoted Angonave's finance director, Bamba Tadi Daniel, as saying that the money would help cover the costs
          Reuter  -  62 words
        • 83 52 NYT DETROIT Nissan North America lnc has named Tetsuo Tabata. 54. president of the company, succeeding Haruo Ohno, 58. Mr Tabata was also named chairman of the Nissan Motor Corp. the retail distributing company, and the Nissan Motor Manufacturing Corp. which operates an assembly plant in
          NYT  -  83 words
      • 1361 52 atg rn* ETA nm CTP Ahu Dhabi GA893 1630 GA974 1940 Adelaide Qf81 1930 Qf82 2055 Amsterdam GA895 1435 SQ320 1100 KL837 1445 GA974 1940 SQ323 1725 KL838 2310 Mm** SQ348 2300 Auckland NZ35 1550 SQ288 2015 SQ286 2030 NZ36 2340 SQ288 2030 Bahrain GF148 0905
        1,361 words
  • Page 33 Advertisements
    • 23 33 tf you want it thereJ I yesterday, Fly it with w— us today* A j «Ik I Member ASM f .j|jjr I I
      23 words
    • 26 33 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore J National Shipping Association For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      26 words
    • 51 33 International Freight Forwarder EUROPE LCL FCL Services "*OOOOOOO M+R FORWARDING PTE LTD Ensuring a safe cruise, Page 18 MAS happy with its air accord with US, Back Page HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Singapore m Business Times WE KNOW
      51 words

  • Page 34 Advertisements
    • 452 34 TSKIJNE AGENCIES (S) PTE. LTD. r I 1 V W Tel: 226-3363 i t3«J\t 226-1972/3 OKzrr7 nx: rs *****/tsksin. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N 1 WW flgfr 1 '""1 iriLrt Lam gun' unir iriuj 'iiirui 'ii jul 111 II I II IMIiIMM. II I ACX LIT 3a **05.07
      452 words
    • 1479 34 I EXPORT I PW«CT TO U«A WCTT COAtT IKX-IW OJOWA PWMI I TO «A«T tlMmail gUU. COMTAMII tOMCD I a l —»m. ,y, -a —9 —B S tp at,,., ffs^iTT"l' n r NEPTUK AMBER 141 ***** 117 71 41 St 31 31 4( SI 7J CHAT KK *33 527 ",7
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  • Page 35 Advertisements
    • 2306 35 mm OOCL (8) PTE LTD JARDINE SHIPPING AQCNCICB JAROINE SHIPPING AGENCIES SON. BHO. TEL: *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL: *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CFS (PSA F5) TEL:
      2,306 words
    • 1869 35 ■□CBssaaaa BUSAN IN JUST 6 DAYS MAERSK PARIS V.9301 ETA SIN BTH JULY 93 Voy ETA ETO feeder By DESTINATIONS Ths owk MARIT MAERSK 930« il'H ITII IWI— IMI^fWIW CfS 12/07 2359 MRS JOH LPK PEN OAK LGB MOO MIA CMS BAL PHI NYC TOR 9306 113'/ 1 14/7 13/7
      1,869 words

  • Page 36 Advertisements
    • 1581 36 AOABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG AWERP HAVRE MALAYSIA KAGA 30/126 7/7 24/7 27/7 25/7 Poft Kelang Pen^* LUDWIGSHAFEN EXPRESS 08/326 10/7 19/7 25/7 26/7 31/7 2/8 </» Pasir Gudang KASUGA I 27/127 15/7 31/7 3/8 1/8 EAST
      1,581 words
    • 593 36 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sote Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam e Mongolia Hungary CSFR e Poland ocwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feeder Vessel ETA SIN POL EAST
      593 words
    • 1118 36 I uw REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* VAL* LHA HAM BRE# ROT ANT# FEL 152!™ MMi W V 832S 3 °«/07 31/07 07/01 08/08 04/08 05/08 06/08 07/08 09/08 08/08 15 7 07 /0« U/08 15/08 11/08 12/08 13/O8 14/08 16/08 15/08 327 3 22/07 11/
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  • Page 37 Advertisements
    • 2236 37 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW guinea pacific line aTra (A SERVICE OF CHINA NAVIGATION CO) CARGO DOf SAHS SIRAJIS PRIM VI7C KK. Stun liw 06 tut In Pt 08 M FCL. LCL CONTAINER AND BREAKBULK SERVICE TO
      2,236 words
    • 3157 37 V_ n SINGAPORE AGENT: |JXi(| rvftf qi ytpftp P&O Containers (Singapore Agencies) Re Ltd > V X ULV/ VjUlliCllllvi 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********02 EXPORT IMPORT VESSEL VOV *PNG -So 5M
      3,157 words

  • Page 38 Advertisements
    • 769 38 FIH I iNDONESIANATIONALLIN^^ |^yuß6gg iiii v ''"i I»» I w |ST«t| whim' H«t| worn I mtmiT" law what* vm I 10-15/7 I io/» n/i 22/1 I KUT« IV2SNB LAiU__l U/i 25/1 130/1 4/9 TO i» EUtJLfcgMTjyHgft EAST COAST PORTS W VSI VOY PKI STOP STD MEIB BKIS 1 Fll£ 1
      769 words
    • 2200 38 OHANJIN SHIPPING FOR VSI SM LK HAUL SEA POX (D« VSL SH IIME HAUL SAV 1M NYC HANM HAMBURG 0141 1/7 DKCT 22/7 24/7 HANJM HAMBURG 014E 1 7 M ASIA OIK S/t C/l l/l HAMM SMGAPORE 0101 8 7 OKCT 29/7 31/7 HAMN SMGAPORE 0101 8 7 H HONGKONG
      2,200 words
    • 1457 38 W W IK HI lit (B Ml OSI NGT SMZ TTO LU CMS BAt NYC LHV IM n W IK m CM w <& I I GROWTH *1 041 4/7 17 13/7 IS/7 17/7 20 7 21/7 23/7 24/7 25 7 27/7 7'l 11 1 211 22 1 1/0 2/0
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  • Page 39 Advertisements
    • 2463 39 l| H ARRIVING LOS ANGELES 24/07/93 IN 16 DAYS II II l| ARRIVING NEW YORK 31/07/93 IN 22 DAYS II II II 'HI Conmctlnf C. Saturn Voy ME in HKG 08/08/93 II r Bl *82 Connactinf C. Jupiter Voy 66C in HKG 19/08/93 VESSIL VOY LOS OAK VAN SET ATL
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    • 1275 39 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BAIT ORIENT LINE: *****64 FESCO: *****06 ENQWRIES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHIPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO:
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  • Page 40 Advertisements
    • 1638 40 K" V* AS AGENTS KAWASAKI SINGAPORE (PTC) LTD (CK No: **********011) V V TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 I ftj MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHO m m 4 TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I INDONESIA: P.T. SARANA LAUT MTHMUSA, TEL:
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    • 1110 40 fMf® PHIU OmCNT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER 0F THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE JUj- SYDNEY. MELBOURNE. BRISBANE. FREMANTLE I OQ ii ii AUCKLAND WELLINGTON. LYTTLETON. NEW PLYMOUTH. NAPIER. CHRISTCHURCH
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  • Page 41 Advertisements
    • 922 41 PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSBSSS? 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSSSSS U CR NO **********0E I i I VESSEL VOY SM CMS JIB JED AOJ AOt MOO PZU KOTA WUAYA WJAO27 10/7 21/7 27/7 30/7 1/S J/» HAI XIOMQ HXOO3 30/7 5/0 11/S 10/0
      922 words
    • 1243 41 VESSELS 1 VOT I VIA TO STOKE HA—UKC KOTTEWMM AHTOOf THAMES IE HAKTt KM. E*3f 12?fll 11/07 00/00 M/M WM 10/ M 12/0* WUE Pt WTOII H29H 17/07 13/00 15/00 10/00 17/00 10/00 mm MACUXMA 9*nm »/07 20/00 22/00 23/oo 24/00 20/00 Wilt Ot VtSTA 7420W 01/00 27/00 20/00 30/00
      1,243 words
    • 365 41 BSfl j. mm MYANMA VBBSk FIVE STAR LINE (Myanmar National Line) Loadni for Yanion (Ranfoon) Spore P.Kit Pen PGdf LOOUW Vl99* In Port HP* AN *192* In Part PAGAN Vl99* OC/N U MYOMAYWA VI4IW 11/12 JUL 1/10 U MALAYSIA AS NTS. OOUSTEAO MPPWS AGENCES Ml: lU 03-*****00 PHI. IU 03
      365 words



  • Page 44 Advertisements
    • 2508 44 Full Container Liner Services Malaysia 's Agents: Indonesia's Agents: I General Agents: Seeking Agents: Gnan Gnu Skinning Sin Bkd Cheng CMan Skinning Sin Bkd F.L Gteknl Pntra Inienena Maritime Costsr Shipping Pte Ltd s**t rmg* Centra s* m si hm** t* im* Mau iku4,m rim, m. n. n. jaaa* in
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  • Page 49 Miscellaneous
    • 753 49 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 3.2 3.0 2.7 2.1 1.5 1.0 06 0.4 0.4 0.6 1.1 1.7 22 2.4 2.4 2.2 1.1 1.3 10 0.9
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