The Business Times, 20 April 1994

Microfilm: NL19363
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times ML KSOH IS/ MITA(P) 010/12/93 Wednesday April 20 1994 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon London Int'l to move production to Asia
      71 1 Bloomberg Business News LONDON In an bid to cut costs and boost profits, the world's major condom producer is shutting most of its UK operations and transferring production to Asia. London International Group pic yesterday said it will sell its "noncore" assets to
      Bloomberg Business News  -  71 words
    • Article
      Lock icon Nuke arms task: Ukraine complains
      39 1 Reuter NEW DELHI Ukraine's foreign minister said yesterday that his former Soviet republic had received insufficient funds to help it deal with the huge task of getting rid of what were Soviet nuclear weapons.
      Reuter  -  39 words
  • Article
    MARKET SUMMARY
    162 1 Stock market indices Tuesday Change STII 2,221.00 -18.07 KLSEComp 1,036.04 -14.22 Nikkei 20,192.34 -85.02 Hang Seng 9,303.91 -202.93 SET Index 1,274.02 -38.31 Jakarta Comp 465.76 -10.02 CLSA China B 996.54 -7.71 Aust All Ord 2,061.4 -34.5 FTSE 100 3,128 -10.2 Tuesday Previous 2pm close Dow Jones 3,594.45 3,620.42
    162 words
  • Article
    Lock icon Dow down 26 at midday
    52 1 Bloomberg Business News NEW YORK US stocks shed early gains yesterday as technology shares faltered. Declining issues led advances 13-7 on trading of over 168 million shares on the New York Stock Exchange. At 2pm EDT. the Dow Jones Industrial Average stood at 3.594.45, down
    Bloomberg Business News  -  52 words
  • Article
    Rising interbank rates nudge S$ to record intra-day high
    580 1  -  Pressure prompts DBS Bank to raise prime by half a point to 5.25 pc By Paul Leo SINGAPORE Rising interbank rates pushed the Singapore dollar briefly to an all-time high yesterday and prompted the Development Bank of Singapore to raise its
    580 words
  • Article, Illustration
    Lock icon Fed rate hike knocks Asian stocks
    370 1 SINGAPORE Regional bourses were bruised yesterday in knee-jerk reaction to the fall on Wall Street after the US Federal Reserve raised interest rates for the third time this year. In Singapore, the Straits Times Industrials Index opened 16.30 points lower at 2,222.77. It then
    Source: Bridge Info  -  370 words
  • Article, Illustration
    Lock icon Bentsen: rate rise will avert inflation without hitting growth
    268 1 Bloomberg Business News WASHINGTON The Federal Reserve's move to push up interest rates would avert higher inflation without derailing the United States economic recovery, Treasury Secretary Lloyd Bentsen said yesterday. While Fed moves to push interest rates higher would cool the
    Bloomberg Business News  -  268 words
  • Article
    Sum Cheong of HK fails to win SES listing for subsidiary
    268 1  -  From Lim Soon Neo in HONGKONG LISTED Hongkong construction company Sum Cheong International Limited has failed to gain a listing on the Singapore Stock Exchange (SES) for 23 million shares of its whollyowned subsidiary. The company yesterday announced that
    268 words
  • Article
    Bank Bumi is up for sale to the right group: Anwar
    415 1  -  From Ho Kay Tat in KUALA LUMPUR THE Malaysian government is ready to sell Bank Bumiputra the country's second-largest but most problematic bank to any group that can run it better. Deputy Prime Minister Anwar Ibrahim said yesterday. "I
    415 words
  • Article
    Lock icon Panic selling grips Shanghai and Shenzhen stock markets
    276 1 Reuter SHANGHAI Stock investors panicked in Shanghai and Shenzhen yesterday, sending prices crashing to new lows, and brokers said confidence in the markets was now destroyed. The Shanghai A Share Index di\ed by 33.39 points, or 5.38 per cent, to close at
    Reuter  -  276 words
  • Article
    Asia needs US$1 trillion for infrastructure
    133 1 SINGAPORE Developing countries in the Asia-Pacific region will have to spend up to USSI trillion (551.56 trillion) on physical infrastructure in the next six years to keep economic development on course, the Asian Development Bank says. "Any lag in the supply of infrastructure will
    133 words
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      255 1 World's Favourite Children's Wear. Avmdmbtm at OSHKOSH BQOSM BOUTIQUES: *1 31 Win Alm Trt 737 0174 •01 i9Fo>g« T«t 73?«1«7 «S I23UvvmS9U«« Trf Ut742t •03 fWfet C% r«t 334 9M6 •oi MOvteOuar T«t 334 test So/* &s**>utOf Jay Gm tr4«fpns« (R®, LM T«t 254 4630 CONTENTS News Companies S pore
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      22 1 Regional Analysis: Pg 12 The best of Asian education PM Goh: S'pore and UK should recapture strong ties of past. Page 18
      22 words
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      27 1 Aw Hock Lock Siew: pg 19 i KL insurers likely to do\ci>en better More reports on impact of I S rate rise on region's markets. Page 20
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      58 1 m The Bottom Line: Pg 18 diitton should set his house right llli IWSlMrll IVnl raSCT Lp ororo iworv «w I H Next t^ Sample too our sflK\ other specialties. i Bird's Nest dishes. J*T Fragrant herbal w Tjj'm soups. And Tim %^tfy£fe< I Sum served Plaza Hotel K Bear*
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      Page 1 Advertisements Column 5
      45 1 The World's Favourite Children's Wear. A.m**b— 1 OSMKOSM BXJOSH BOUTtOUES •6' J' *fm*t Wn* T« 0174 •01 ltFowi T« ri2*KT ■a-lUHmSqiM T« ut'<a •a »iw»«c% Toiutsn •0' T« IMIM Si"*' Soto Omr*u*r J; Gm Entorpnm |Pl»| Lid T«< 254 «#JO More ADB reports. Page 6
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon February retail sales up 11pc at $1.6b
        318 2  -  By Ven Sreenivasan RETAIL sales totalled 5i.62 billion in February, 11.2 per cent higher than in the same month a year earlier. But in volume terms the year-on-year rise was only 5.8 per cent, according to figures released yesterday by the Department of
        Source: Dept of Statistics  -  318 words
    • Article, Illustration
      Kmart Metro to be Tampines complex tenant
      493 2  -  B* A J Leow KMART Metro will occupy 40 per cent of the retail space at First Capital Corp's first major suburban shopping complex, which opens next year in Tampines. Kmart Metro, a joint venture set up last year by USbased discount chain
      493 words
    • NEWS ROUNDUP
      • Article
        Ralph Lauren moves into TradeMart
        102 2 POLO Ralph Lauren Sourcing will move its Far East headquarters to Trade Mart Singapore, a fashion resource centre on Robertson Quay along the Singapore River. The announcement was made by Trade Mart last week. Ralph Lauren currently has a 1,208 sq m office here and
        102 words
      • Article
        Mah to lead S'pore team to Brunei
        89 2 MINISTER for Communications and for the Environment Mah Bow Tan will lead a Singapore delegation to the Sixth Ascan Ministerial Meeting on the Environment (AMME) in Brunei on April 25 and 26. The AMME will review the activities of the Asean Senior Officials
        89 words
      • Article
        Oriental wins STPB award again
        57 2 FOR the second year running, the Singapore Tourist Promotion Board (STPB) has recognised The Oriental Hotel's service by giving it the "Excellence in Service Large Hotels" award. The Tourism Awards are coordinated by the STPB every year, and honours individuals and organisations who contribute significantly
        57 words
    • Article, Illustration
      Lock icon Goggle boxes
      114 2 Report and photo by Arthur Lee THEY came, they saw and soon they may buy and sell, these four TV screens at Tat Lee Bank's branch at the Concourse, Beach Road, are tuned in to give the day's Straits Times Industrials Index, top volume, gainers and losers. The
      Report and photo by Arthur Lee  -  114 words
    • Article
      ERA sells record $152m in property for March
      281 2 PROPERTY agent ERA Realty Network chalked up a record $152 million in real estate sales last month, the largest in any single month since it started operations in 1982. This is a 25 per cent increase over the same month last year,
      281 words
    • Article
      SOUTH-EAST ASIA
      2 3
      2 words
    • Article
      Lock icon Riot-hit Medan nearly back to normal
      531 3 But underlying causes of violence remain unresolved, say activists Reuter. AFP MEDAN Medan has almost returned to normal after days of labour and race riots. But activists said the underlying causes of Indonesia's worst street violence in seven years remained unresolved. Demonstrations by tens
      Reuter.; AFP  -  531 words
    • Article
      Lock icon Thai govt said to be planning moves to lift car exports
      123 3 Bloomberg Business News BANGKOK The Thai government plans to offer new financial incentives to car manufacturers to try to boost Thailand's role as an exportoriented production centre, an official of a local car company said. The Board of Investment
      Bloomberg Business News  -  123 words
    • Article, Illustration
      Lock icon US trade show a sign of the times in Vietnam
      271 3 Reuter HANOI About 50 US firms will display their products and services at this week's first US trade fair in communist Vietnam and more are lining up to join in the next one, organisers said yesterday. "We do hope this
      Reuter  -  271 words
    • Article
      Lock icon Philippine Congress vows to pass laws required by IMF
      275 3 AFP MANILA Philippine Congress leaders assured President Fidel Ramos yesterday they would soon pass crucial Bills required for approval of a new International Monetary Fund (IMF) programme. The palace quoted Senate President Edgardo Angara and House Speaker Jose De Venecia as
      AFP  -  275 words
    • ASIA NOTES
      • Article
        Lock icon KL steps up war on industrial polluters
        114 3 Reuter KUALA LUMPUR Malaysia has stepped up its war on industrial polluters and will revoke the "licence to pollute" it has given to large companies over the past 10 years, local press reports said. At the end of 1994, large firms that do
        Reuter  -  114 words
      • Article
        Lock icon Mobil returns to Vietnam
        64 3 AFP HANOI Mobil Corp signed a production-sharing deal for an oilfield off Vietnam yesterday, becoming the first US oil company to return here nearly two decades after it was forced out by the communist takeover. Mobil signed a deal along with six other partners for the
        AFP  -  64 words
      • Article
        Lock icon Vietnam sees 8-9pc inflation this year
        69 3 Reuter HANOI Vietnam's Government Price Commission forecasts inflation at 8 to 9 per cent this year, up from 5.2 per cent last year, a state-owned newspaper said yesterday. The Tuoi Tre (Youth) newspaper based in Ho Chi Minh City said inflation in the first
        Reuter  -  69 words
      • Article
        Lock icon Liem gets flak for lavish S'pore do
        93 3 AP JAKARTA Chinese tycoon Liem Sioe Liong's big spending on his golden wedding anniversary party has drawn criticism from a senior politician in Indonesia's ruling Golkar Party. "The U*****,000 (*****.400) spent for the celebration would be more useful to the people who still
        AP  -  93 words
    • Article
      Anwar denies he has differences with Mahathir
      193 3 KUALA LUMPUR Malaysian Deputy Prime Minister Anwar Ibrahim yesterday refuted speculation that there were problems between him and Prime Minister Mahathir Mohamad. He told foreign journalists over lunch that talk of a rift with Dr Mahathir was probably spread by people frustrated with
      193 words
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      366 2 A MAN? NO 1 HUGO BOSS I THE FRAGRANCE FOR MEN PLAY SMART Be part of the good life. Lifestyle. Everyday. BiisinessTimes MMMMMMpy* Jj| Kjugf V, fM yjfl v JK /f ■k MS£r*H» fi|&. M i <S^^^^T ll^^^^™Z I Br?, /^B 12th South East Asian International ConstmctiOf^xp^itSorTl One Building Show
      366 words
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      Page 2 Advertisements Column 2
      127 2 I PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE I I 6 Hillview Road I I IFOR SALE BY TENDER I I Large land area of over I I in ''t n 300,000 sq. ft. I I 6 Potential residential plot I *HUVSVV ratio of 1.92 I I $r7 t bukittimah a\ I
      127 words
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      10 2 3255*2& r offers R= the most V current opportunities if
      10 words
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      436 3 Editorial: Viewing Medan in perspective, Pg 16 lndon port not affected by strike. Shipping l imes, Pg 1 I You stand a chance I Vl||f|||T|f|||[lH I win over $10,000.00 in ■l|l|l|lM|l|l|H our monthly draw! ■lIIAIIAI I That means your aircon's paid for and you've I y extra cash to spend.
      436 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      China allays concern of foreign firms over new taxes
      476 4  -  By Schutz Lee SINGAPORE Forty per cent of foreign-funded enterprises (FFEs) in China will pay the same amount in tax, although new taxes have been introduced this year, while another 30 per cent will have a lower tax burden. The remaining
      476 words
    • Article
      Lock icon Taiwan ranked 13th among world's largest trading countries in 1993
      269 4 AFP. UPI TAIPEI Taiwan was the world's 13th largest trading country in IW with a record foreign trade of I SSI62 billion (552>2.7 billion). Board of foreign I rade (BOFI) officials said yesterday. Citing statistics compiled by the (ieneral Agreement
      AFP.; UPI  -  269 words
    • Article
      Lock icon Beijing gets tough on corruption with new powers of seizure
      272 4 AFP BEIJING China is to grant sweeping new powers next month to investigators of official corruption, including the right to video tape suspects and freeze their bank accounts, it was reported yesterday. The eight new measures, announced by the party's
      AFP  -  272 words
    • Article
      Lock icon US to deport Chinese illegal immigrants from fishing boat
      294 4 AFP LONG BEACH The US said it will repatriate more than 100 Chinese suspected of try ing to enter the country illegally from a fishing boat off the California coast. Armed US Coast Guard boats escorted the suspected immigrant smuggling boat
      AFP  -  294 words
    • CHINA WATCH
      • Article
        Lock icon Thousands greet Li Peng in Uzbekistan
        92 4 AP TASHKENT. Uzbekistan Chinese Premier Li Peng, making his first foreign trip in 18 months, was greeted by thousands of people who lined the streets as he arrived in Uzbekistan on Monday. The three-day visit to the former Soviet republic is the first leg
        AP  -  92 words
      • Article
        Lock icon Li Peng to be at China business summit
        97 4 Reuter BEIJING Premier Li Peng will attend a China business "summit" along with Gatt director-general Peter Sutherland and world corporate captains, the government said. The Cabinet-level State Commission for Restructuring Economic Systems, co-spon-soring the May 11-13 conference with the International Herald Tribune,
        Reuter  -  97 words
      • Article, Illustration
        Lock icon Starting talks on a friendly note
        38 4 Reuter TAIPEI Taiwanese ruling party (left) and opposition deputies shaking hands in Taipei yesterday before beginning negotiations on controversial political reforms which will be debated by the National Assembly next month. Reuter
        Reuter  -  38 words
      • Article
        Lock icon Sino-British HK land panel to meet
        64 4 Reuter HONGKONG The two sides of the Sino-British land commission for Hongkong have agreed that the commission's 28th meeting will be held tomorrow. The meeting will discuss the 1994/95 Land Disposal Programme. The commission, which regulates government land sales, traditionally meets in March to
        Reuter  -  64 words
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      223 4 I THANKS TO CASTROL, I I ENVIRONMENTAL I I QUALITY IS SOMETHING I I WE CAN BREATHE I I EASIER ABOUT. I hfl ya -*t ft- JEaJSt' *s£^&£ Castrol is committed to total quality efficient use of their manpower. They've also reduced the quantity of H process which lays emphasis
      223 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon No plans to cut discount rate, says Bank of Japan governor
      388 5 Bloomberg Business News Reuter TOKYO Bank of Japan Governor Yasushi Mieno said that Japan's economy has shown signs of improvement in recent months and that the central bank has no plans to cut the discount rate, currently at a
      Bloomberg Business News; Reuter  -  388 words
    • Article
      Lock icon Japan to tell G-7 it has done enough for economy
      259 5 Reuter, AFP TOKYO Japan said yesterday it would tell its G-7 partners this weekend that it had done enough to stimulate its economy, but the politically troubled nation is not yet sure who will pass on the message. Finance Minister
      Reuter,; AFP  -  259 words
    • Article
      Lock icon Australia in danger of mini-recession in 1995
      223 5 AFP SYDNEY Australia risks a mini-recession in 1995 unless businesses increased investment, the Asia-Pacific Economics Group warned in a report yesterday. "There is a possibility that the boom-bust cycle will recur and that supply bottlenecks will emerge sooner rather than later, despite high
      AFP  -  223 words
    • Article
      Lock icon Singh tells Indian firms to compete or perish in the era after Gatt
      287 5 AFP NEW DELHI Finance Minister Manmohan Singh, concerned at Indian industry's laggard recovery, urged the private sector yesterday to invest and compete to stimulate economic growlh. Mr Singh also prodded captains of industry to stop cutting corners,
      AFP  -  287 words
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      Page 5 Advertisements Column 1
      592 5 VP AT Now you can enjoy the tenderest of beef without worrying about its cholesterol level, because at Jack's we serve only healthy and lean beef. For this month, there's a selection of 6 main courses, all prepared with ingredients that's high in nutritional value. So moo your way down
      592 words
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  • REGIONAL FOCUS
    • Article
      Give private firms a role and make users pay, ADB urges
      875 6  -  The Asian Development Bank is working with cash-strapped regional governments to get around their infrastructure woes Reports by S N Vasuki SINGAPORE Asia's rapid economic growth is placing tremendous strain on infrastructure. The Asian Dexelopment Bank estimates that the
      875 words
    • Article
      Big jump in loans without government guarantees to private sector
      254 6 THE Asian Development Bank approved USSS.3 billion (558.21 billion) in new loans and investments last year. Predictably, three countries Indonesia. China and India remained the largest recipients of the funding. Loan approvals for Indonesia in 1993 touched USSI.29 billion followed
      254 words
    • Article
      Checks ensure money is put to good use
      607 6 A FAMILIAR charge against multilateral lending institutions like the ADB is that they do not conduct exhaustive postevaluation studies. To put it bluntly, once a developing country receives funding for a specific project, the bank is not rigorous in checking if the
      607 words
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      Page 6 Advertisements Column 1
      138 6 Carry a Quantum* briefcase and a portfolio to work at the same time. Focus Quantum Z Classic Q uantum E "S Milano Quantum* i- I 1 \i7] This exclusive Smart Hinge is specially fitted into each Quantum* VI .....V T I C3Se t0 a ow ou to use lt n
      138 words
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      156 6 I ihs Iredict the highest and trading price when the Berger Paint's shares trade on a "when issued" basis from 20 April to 29 April 1994. If your prediction is right, you will stand to win one of the three 1,000 cash prizes we are giving away. Just cut out
      156 words
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      244 7 An Important Announcement Qingdao Municipal Government Grandlink Group: Our gesture of appreciation another 500 units on 50% discount at the "Qingdao 21st Century Hi-tech International City Trade Mission." R__ leai-zMAMiw IOOOwn Aquarius, Qemini Libre Baflrooms We draw your attention to the Official Opening of the "Qingdao 21st Century Hi-tech International
      244 words
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  • THE WORLD
    • Article
      Lock icon OECD urged to provide more timely studies and analyses
      456 8 Reuter LONDON The Organisation for Economic Cooperation and Development (OECD) needs to provide more timely analyses of policy options if it is to live up to its potential, according to a candidate for its top post. The OECD acts as an
      Reuter  -  456 words
    • Article
      Lock icon Japanese go slow on US real estate investments
      277 8 Bloomberg Business News LOS ANGEI.ES Japanese investors, faced with financial problems at home, cut new investment in US real estate by 13 per cent to USS7OS million (551.09 billion) in 1993. according to a study by the accounting firm of Kenneth Leventhal
      Bloomberg Business News  -  277 words
    • Article, Illustration
      Lock icon Spanish army headquarters attacked, one killed
      42 8 Reuter BARCELONA, Spain A dense column of smoke bellows from the military headquarters in Barcelona after two grenades were fired at it from a parked car on Monday. One person was killed and 10 injured. Reuter
      Reuter  -  42 words
    • Article
      Lock icon US publishers say no profits imminent from multimedia
      216 8 Bloomberg Business News NEW YORK Publishing executives of three large newspaper companies said their entry into the world of multimedia was more a learning process than a way of making money at least for now. "The short-term pay-off is learning, not profits,"
      Bloomberg Business News  -  216 words
    • Article
      Lock icon Bosnian Serbs seize UN guns, Russia and US mull over Anther action
      177 8 AFP, AP SARAJEVO Bosnian Serbs shelled Gorazde and seized back anti-aircraft guns under United Nations supervision yesterday as Russia and the West appeared to be heading towards concerted action to halt the bloodshed in Bosnia. But Bosnian Serb
      AFP,; AP  -  177 words
    • Article
      Lock icon US official calls for North-east Asia security dialogue
      402 9 AFP WASHINGTON A senior US official suggested on Monday the establishment of a security dialogue in North-east Asia to ease tensions and avoid an arms race in the troubled area. Winston Lord, assistant secretary of state for Last Asian and Pacific affairs,
      AFP  -  402 words
    • Article
      Lock icon Western finance ministers urge E Europe to keep up pace of reform
      292 9 Reuter ST PETERSBURG Western finance ministers are urging Eastern Europe to keep up a fast pace of reform. Speakers at the annual meeting of the European Bank for Reconstruction and Development (EBRD) said those countries which had moved
      Reuter  -  292 words
    • Article, Illustration
      Lock icon S African leaders strike deal to include Inkatha in elections
      256 9 Reuter PRETORIA South Africa's political leaders struck a deal yesterday to bring Zulu royalists into next week's historic all-race elections, sources close to the talks said. The leaders, negotiating against a background of surging violence in a black township on
      Reuter  -  256 words
    • WORLD WATCH
      • Article
        Lock icon Bonn wants to be HQ for WTO
        93 9 Reuter BONN Economics Minister Guenter Rexrodt said the German cabinet was likely to agree within the next two weeks to formally request that the headquarters of the new World Trade Organisation (WTO) should be based in Bonn. He told a news conference yesterday
        Reuter  -  93 words
      • Article
        Lock icon US nod for private equity fund
        98 9 UPI WASHINGTON The US government has announced its support for a private equity fund that could generate US$5OO million (SS7BO million) of private investment in environmental companies that do business in developing countries. The Overseas Private Investment Corp. a federal agency set up in
        UPI  -  98 words
      • Article
        Lock icon Richard Nixon suffers stroke
        72 9 AP NEW YORK Former president Richard Nixon, whose accomplishments in a lifetime on the world stage were forever oversiiadowed by the Watergate scandal that forced him from office, suffered a stroke on Monday. Nixon, 81, had the stroke at his Park Ridge. New Jersey, home and
        AP  -  72 words
      • Article
        Lock icon The last word in luxury
        81 9 UPI LONDON London's exclusive department store, Harrods, has confirmed it will charge £1 (552.30) for the use of four new luxury lavatories which are currently being refurbished at a cost of £1 million. The toilets, located near the first floor fashion department, will have marble
        UPI  -  81 words
    • Article
      Lock icon EU plans trade moves to support new South Africa
      289 9 Reuter LUXEMBOURG European Union foreign ministers held out the prospect yesterday of trade concessions and other aid to South Africa after all-race elections next week to help boost democracy and economic development. The ministers announced the initiatives in a package to
      Reuter  -  289 words
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      64 8 ~in 'ipf "itf oßii .^^K ;f $i i|sik -m, V i i -f*-f l 4f- ii i ilr V^ "S 1 -*s_ x r 1 X i 4 1 V f a x a x. I W 3k f 1 m^h Euroßonus member Yue Meng Fai. Electronics Engineer. ASEAN Cableship
      64 words
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      Page 8 Advertisements Column 2
      106 8 THREE SHANGHAINESE CHEFS MAKE FOR ONE DIM SUM. It doesn't take a Confucian scholar to understand that your favourite Cantonese restaurant A is about to be shanghaied, hrom ry I 23 April to 2 May, a trio of awardwinning Shanghainese chefs will prepare an exquisite selection of delicacies at the
      106 words
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  • Page 9 Advertisements
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      128 9 mmk E 0 A j LINK BETWEEN THE PAST AND THE FUTURE f| V Twr tWL g pjpfe' mi\ ft' EPi Omega Seamaster Professional chronograph. v w f lUynWy Self-winding diver chronometer in titanium, M tantalum Water-resistant with fully functional M J push-buttons to 300m/1000ft. M Swiss made since 1848.
      128 words
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  • SPORTS
    • Article, Illustration
      Lock icon China ready to challenge the world in Atlanta
      545 10 The Chinese are coming AP BEIJING China was once widely known as The Sick Man in Asia, a self-absorbed empire indifferent to competitive athletics. Until the 1984 Summer Olympics in Los Angeles, the nation never brought home a medal. Now, a decade
      AP; – Reuter  -  545 words
    • Article, Illustration
      Lock icon Why blacks dominate certain sports
      213 10 NYT BEIJING It's no coincidence that the Chinese avoid sports dominated by black athletes. such as basketball, boxing and sprints. Citing their statistical studies. the Chinese concentrate on sports they believe more suited to a small, compact torso, like distance running, swimming. gymnastics and diving.
      NYT  -  213 words
    • Article, Illustration
      Lock icon Peasant women drive Chinese sports machine
      676 10 NYT BEIJING It's an old Chinese folk saying, dating back thousands of years to an unforgiving feudal system: chi ku nai lao. Translated: Chinese women "eat bitterness and endure hard labour". The slogan is everywhere. It appears in literature, in bold characters on road-side
      NYT  -  676 words
    • Article, Illustration
      Lock icon Lara sets Test batting record with 375
      682 11 AP ST JOHN'S, Antigua To the beat of calypso music. West Indies batsman Brian Lara broke the all-time Test cricket batting score on Monday. the third day of the fifth cricket test against England. The 26-year-old Lara, in his 16th Test, moved from
      AP; AFP  -  682 words
    • Article
      Lock icon Final-week showdowns set stage for NBA play-offs
      396 11 AFP NEW YORK Showdowns among the National Basketball Association's top teams in the final week of the regular season will set the stage for what could be the most competitive play-ofTs in many years. Three-time defending champion Chicago remains a contender even without
      AFP  -  396 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Athletics
        85 11 AFP BOSTON, Massachusetts Reigning champion Cosmas Ndcti of Kenya and Germany's Uta Pippig smashed course records to win men's and women's titles at the 98th Boston Marathon here on Monday. Ndeti withstood a late challenge from reigning New York Marathon champion Andres Espinosa of Mexico with 900 m remaining
        AFP  -  85 words
      • Article, Illustration
        Baseball
        41 11 NEW YORK Major League Monday American: Boston I Chicago 12; Detroit I Kansas City 11. National: Philadelphia 5 LA 4: Atlanta 7 St Louis I; Colorado 3 Florida 5; San Diego 6 NY 3; SF 2 Montreal I (II innings).
        41 words
      • Article, Illustration
        Lock icon Basketball
        22 11 Reuter NEW YORK NBA Monday: Chicago 87 Atlanta 70; Dallas 97 Phoenix 106: LA Clippers 131 Golden State 134 (OT). Reuter
        Reuter  -  22 words
      • Article, Illustration
        Lock icon Cricket
        86 11 AFP SHARJAH, United Arab Emirates New Zealand survived a gutsy century from Asanka Gurusinha to defeat Sri Lanka by two runs in a dramatic Australasia Cup encounter here on Monday. Left-hander Gurusinha compiled an unbeaten 117 to lead Sri Lanka's gallant attempt in a winner-takes-all that took (he victor
        AFP  -  86 words
      • Article, Illustration
        Golf
        114 11 LONDON World rankings Monday: 1 Greg Norman (Aust) 21.86 pts 2 Nick Faldo (Eng) 19.15 3 Nick Price (Zim) 17.21 4 Bernhard Langer (Ger) 15.55 5 Fred Couples (US) 14.87 6 Paul Azinger (US) 13.03 7 Jose Maria Olazabal (Spn) 11.78 8 David Frost (SA) 10.86 9 Corey Pavin
        114 words
      • Article, Illustration
        Ice hockey
        50 11 NEW YORK NHL first-round play-offs Monday: Toronto 5 Chicago 1 (Toronto lead best-of-seven series 1-0); Detroit 4 San Jose 5 (San Jose leads 1-0): Calgary 0 Vancouver 5 (Vancouver leads 1 -01: NY Rangers 6 NY Islanders 0 (Rangers lead 2-0); Boston 2 Montreal 3 (Series tied 1-1).
        50 words
      • Article, Illustration
        Lock icon Tennis
        65 11 Reuter MONTE CARLO Random drug tests will be carried out on all the players entering the Monte Carlo Open tournament, an ATP Tour spokesman said yesterday. Every player participating in the USSI.72 million (552.68 million) clay event will be tested by the time the final is played on Sunday.
        Reuter  -  65 words
  • Page 10 Advertisements
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      241 10 THE ALL-NEW TOYOTA FORKLIFT 'fP 6 8 Endurance i i i i l the Elements of the SUPER-E j Introducing the ALL-NEW TOYOTA 1-3 TON "wedge-shaped" FORKLIFT enhanced with all the elements of SUPER-E for optimum performance. The essential elements of SUPER-E offer you superb performance for greater productivity and
      241 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      178 11 i imvv ————i——————fcacN. KSraiM t v ■aftjfcwarsior 1B3» i UM- psr For worldwide communications solutions, talk to your local partner. We believe that the most effective communi- which are based on the latest international To date, more than 129 million digital lines are yy cations solutions combine global experience communications
      178 words
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  • REGIONAL ANALYSIS
    • Article, Illustration
      Corporate legends with Asian passports
      2065 12  -  Special to BT A studv in Asia SONNY COLOMA SONNY COLOMA The writer is director of the Master in Business Management programme of the Asian Institute of Management in Manila. Till Jul]} 1991. he was deputy executive secretary and head oft he 1 Presidential Management
      2,065 words
    • Article, Illustration
      The battle for brains: why Asian students choose the US
      1465 12  -  Special to BT MICHAEL HAMLIN MICHAEL HAMLIN The writer is editor-in-chief of The Asian Manager magazine published by the Asian Institute 1 of Management. He is also the i institute's vice-president tor external affairs EVERY year nearly a quarter of
      1,465 words
    • Article, Illustration
      Asian universities learn to play the brain game
      1332 13  -  Special to BT A studv in Asia MUKUL ASHER MUKUL ASHER The writer is associate professor. Department of Economics and Statistics, and a senior fellow. Public Policy Programme at the National University of Singapore THE WORLD'S economies are globalising. However, when it
      1,332 words
    • Article, Illustration
      Pacific Rim nations narrowing the education gap with the West
      890 13  -  Special to BT TERRY McGEE TERRY McGEE The writer is a professor in the Department of Geography at the University of British Columbia in Vancouver WHILE it is obvious that any attempt to generalise about institutions of higher learning ranging
      890 words
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  • Page 13 Advertisements
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      139 13 Henna Labels are available in Standard and Micro sizes MICRO STANDARD 9 V II 88 90 35 70 1000 8060 Blue 240 8043 101 60 x 8440 1000 SOU Herma is one of the largest manufacturers of computer labels in Europe. Green 240 8045 2000 8163 Manufactured to strict specifications,
      139 words
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      Page 13 Advertisements Column 2
      55 13 ElheMsta ven if you are Busmessite in Taiwan, we can still bring you our latest news. nomas HtRJ Grand Hotel Brother Hotel Lai Lai Sheraton -—"""H Magnolia Hotel Taipei Hilton Hotel L Grand Hyatt J| South Asia Publications (Taiwan) j 3/F, No. 726, Wen Lin Rd., Taipei. Taiwan, t Tel:
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      974 14 b« Nothing Beats A Bud. where to wine, dine and entertmn or FRESH .PASTA DAI LY. W From Pasta Fresco. Tho only restaurant to mako its own specialty pasta. Fresh. everyday. Savour perfect pizza, great geiati and terrific tiramisu. All topped with Italian hospitality. Porta Fresco Oa Sa*vatot« m LM
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      Page 14 Advertisements Column 2
      244 14 iiwE/<VrC THE £A£/7£HsVrjj Enjoy an unforgettable evening ot spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs Free parking in the evening. Showtime*: B.oopm to 8.30pm 9.30pm to 10.00pm fee rB B Mptunc 7rti «o.» lN«vj» I nion Horn* ColHrr Quav
      244 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Wild traffic stopper
      1001 15  -  Karen Schoemer compares Stephen with the rest of the Baldwin brood Karen Schoemer NYT STEPHEN Baldwin is about to stop traffic. The actor, visiting New York, is on his way to Sarabeth's Kitchen on the Upper West Side, and his stretch limousine is stuck in a traffic
      NYT  -  1,001 words
    • Article, Illustration
      Lock icon Young composers boo modernist opera Gawain
      406 15 Reuter THE unthinkable happened at London's genteel Royal Opera House last week young composers opposed to avant-garde music booed loudly at the end of a sold-out performance of the modernist opera Gawain. About 30 of the self-styled Hecklers shouted: "Boo! fraud and rubbish!" at
      Reuter  -  406 words
    • Article
      Lock icon Budgie the Helicopter takes off
      331 15 CHATTERBOX Reuter Reuter Reuter Reuter THE Duchess of York's cartoon creation Budgie The Lit tic Helicopter could make her a millionairess after a string of merchandising and television deals were agreed. British newspapers reported yesterday. A spokeswoman for Sleepy Kids, the production company that makes
      Reuter  -  331 words
  • Page 15 Advertisements
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      84 15 Secretaries' LfW*E E K 25 29 April Behind every successful man is a woman the 25 26 and 28 29 April Set-lunch at 5528.00 per person 27 April (f/DiM>c roo* Set-lunch at 5532.00 per person Price it mbjtct lo 10% tervice charge atd government taxes including GST. Dally Highlights Lucky
      84 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1350 15 TV RADIO Henri Satrun Irons and Liv Ullman in this senseless 1983 adaptation Ibsen's play, slowing the pace. anglicising the names and updating the story by years. Irons gi\es a fussy performance and Ullman doesn't help mat- by being so understated. The harsh, bitter cold of the north is home
      1,350 words
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  • Article
    Viewing Medan in perspective
    538 16 1,1, III KD4T0RIAL LABOUR protests used to be rare in Indonesia under President Suharto. Jobs were in great demand and people who had them worked uncomplainingly. Labour unions existed but they were never instruments of agitation, unlike in the old days of the Indonesian Communist Party
    538 words
  • WHAT THE OTHERS SAY
    • Article
      Opening up the silent majority
      242 16 WHEN THE government wants to find out about the people's reactions to its policies or what worries them most, it is logical that the state should go to them rather than have them troop to the Ministry of Community Development and in that unfamiliar, perhaps
      242 words
    • Article
      In the spirit of humanity
      143 16 THE National Kidney Foundation has taken the correct decision by tackling the issue of kidney donations by Muslims in a persuasive manner through public education. Of course, such an approach will take a long time to bear fruit, but it is crucial in shaping the
      143 words
    • Article
      Raise wages, but slowly
      186 16 UNREST broke out at Medan, Indonesia last week. Although the cause of the unrest is still under investigation, news agencies have reported that it may be linked to the country's labour movement. Medan workers protested recently to demand an increase in their minimum wages. The issue
      186 words
    • Article
      Universal values
      147 16 THE DEBATE on so-called Western values versus Asian values has broken out on several fronts simultaneously. The caning sentence on Michael Fay in Singapore has led to an outpouring of vitriol in the United States; detentions of dissidents in China, and the jail sentence on Hongkong reporter Xi
      147 words
    • Article
      Slow encore to Marrakesh
      178 16 IN LATE 1947, 23 mainly industrial countries got together to sign the General Agreement on Tariffs and Trade (Gatt) as an interim measure pending the formalisation of a United Nations agency to supersede it. This outcome proved to be easier said than done. For 47 years,
      178 words
    • Article
      Deplorable crime situation
      125 16 THERE CAN BE hardly a person in Jakarta these days who has not either been a witness to crime or at least heard about friends or relatives becoming victims of crime. Indeed, the capital city seems to be no longer a place where public safety can be
      125 words
  • Article, Illustration
    Lock icon It's like a marathon, not a football game
    1037 16  -  The common view is of auto industries in Japan, Europe and the US heading for a collision. Steven Brull examines a Japanese authority's different perspective. Steven Brull IHT AS AN economics student in his senior year at Tokyo University, Takahiro Fujimoto persuaded
    IHT  -  1,037 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      198 16 The biggest and the broadest <T paper paper event in Whatever your need as a paper maker, pulp producer or paper user, you will be able to source systems, supplies and solutions from 335 companies exhibiting at Asian Paper '94 the biggest and most comprehensive international event yet for the
      198 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      98 16 (Tne &ROK€N HOS>fcr OF A BoVtVG \'vc voo A \CA.ejKK-- X to shou voo sorneiHt»4G voo V \f oeu_ of By seiwG k \vr->U PfW PvTrei4-nOH -JSB3 1 <SJSMf i ASSOCIATEO NCWSPAPCftS LTD.. IM2-m4 9lfcB DOONESBURY GARRY TRUDEAU rWs™sW ,,^o?^r, l ITT then THERAPY... R *JHER£ 1 I munuc. M
      98 words
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  • ANALYSIS
    • Article, Illustration
      The search is on for Suharto's successor
      1544 17  -  Indonesia is humming with open talk of selecting a suitable person to take over the helm. Recently in Jakarta. Yang Razali Kassim found a changed political climate and. in an exclusive interview, got the views of a man considered a leading presidential candidate.
      1,544 words
    • Article, Illustration
      The technocrat in the running
      1791 17 BT: Your close relationship with President Suharto is no secret. Has he ever discussed with you privately the future of the Indonesian leadership and the question of succession? DR HABIBIE: No. Because President Suharto has always said that he doesn't want to groom a puira
      1,791 words
  • Page 17 Advertisements
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      243 17 1 Transceiver PC 705 Transceiver PC 705 1 Standard Battery 900mAh I 1 Standard Battery 900mAh 1 Extended Battery 1 700mAh 1 Extended Battery 1 700mAh 1 User guide 1 User guide Car Antenna Extended Battery On-site installation Leather pouch 1388*. Free gifts worth $500 (For the first 188 customers
      243 words
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  • Article, Illustration
    Lock icon Recapture strong S'pore-UK historical ties, urges Goh
    396 18  -  PM Goh in London Reports by Walton Morais in LONDON SINGAPORE and the United Kingdom should find ways to recapture their strong ties of the past. Prime Minister Goh Chok Tong told British politicians. diplomats and business leaders on Monday. Speaking at a
    Photo by Lim Sin Thai of The Straits Times  -  396 words
  • Article
    Europeans urged to use Asia's growth to boost their own recovery
    625 18 LONDON Use Asia's dynamic economic growth to boost your own economic recovery instead of seeing us as a threat, Singapore Prime Minister Goh Chok Tong told European business leaders yesterday. "It's not a zero-sum game." he said. Economic growth
    625 words
  • Article
    EU businessmen praise marketing effort
    296 18 LONDON European businessmen attending the Singapore Forum yesterday saluted the national marketing effort spearheaded by Prime Minister Goh Chok Tong and some have shown interest in participating in Singapore's rcgionalisation drive. "It's been a very impressive communication of the seriousness of the Singapore government's strategic
    296 words
  • Article
    Lock icon Tax dispute delays naming of Hata as new PM
    243 18 Reuter TOKYO Japan's ruling coalition failed to resolve a dispute over the vexed issue of tax reforms, delaying a policy platform and the final go-ahead to name Foreign Minister Tsutomu Hata as the next prime minister. "To spend time on policy
    Reuter  -  243 words
  • Article
    Lock icon US Feb trade deficit takes a surprising 46pc leap
    475 18 Bloomberg Business News Reuter WASHINGTON The US trade deficit unexpectedly ballooned 46 per cent in February. swelled by a drop in exports of aircraft, semiconductors and other goods and an increase in imports, the government said yesterday. The Commerce Department said
    Bloomberg Business News; Reuter  -  475 words
  • Article, Illustration
    Clinton should set his house right before tackling the world
    834 18  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a London-based political commentator who contributed this commentary to BT LIKE an officious neighbour who calls unbidden when you are ill and insists that you take some home-made medicine that
    834 words
  • Article
    S'pore-US trade accord will keep door open for inter-region links: SM Lee
    454 18  -  From Chuang Peck Ming in CANBERRA A FREE TRADE accord between Singapore and America will keep the door open for the Asean and North American common markets to be linked. Senior Minister Lee Kuan Yew has told the
    454 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      7 18 cotmaa M: Authorised Dealer for Singapore ChmaLH!£££j
      7 words
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      Page 18 Advertisements Column 2
      50 18 ATTRACT POTENTIAL CANDIDATES with an ad In the APPOINTMENTS' COLUMNS SINGAPORE KJJALA LUMPUR NGEEANN OOEON TOWERS CM MENARA IMC CJTY (Opp. RafRM JB (Opp Shangri-La HotaO (Orchard Road) B Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-*****76 MRCEIMTRE JBiiQyttSsfluiiiiuisiiuislaliHiuiuaKuiisfiiSL Operate A Business From Home We give complete support/addresVdedicated phone Ca*****5240
      50 words
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      Page 18 Advertisements Column 3
      143 18 CFullmarlO ASIA S No. 1 Computer Printer Ribbon Manufacturer Tel: 268 6688 COMPUTING TECHNOLOGIES FOR FINANCIAL MARKETS TRADING 30 May-1 June Omni Marco Polo, Singapore An interactive three-day course for executives in treasury and funds, and all trading stocks, currency and commodities. Course Presenters from Smith Bornev Shearson Leam how
      143 words
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  • COMPANIES & MARKETS
    • Article
      New MAS rulings to curb overtrading by broking firms
      508 19  -  By Shiv Taneja Si NGAPORE The Monetary Authority of Singapore has made several amendments to the Securities Industry Regulations to ensure better capitalisation of stockbroking firms and to prevent overexposure of trading by them. Most member firms, particularly the large ones,
      508 words
    • Article
      Rotary wins new projects worth $25m
      289 19 SINGAPORE Main-board listed Rotary Engineering announced yesterday that it had clinched new projects worth almost 525 million. The projects won in recent months are a S2O million contract to upgrade the Singapore Refining Company's Pulau Merlimau installation, a $4 million deal to supply instrumentation
      289 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 19 Steady 'Market MihhJ indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment Brokers polled Alliance. Barings. Daiwa. Fraser. Morgan (jrentcll. Phillip. Smith \ew C ourt. W'/ Can and SO W arburg
        42 words
      • Article, Illustration
        HOT STOCK
        163 19  -  By Teh Hooi Ling LIEN HOE TSR 97 assaulted the $2 level on Monday but failed to hold yesterday, falling 5 cents to close at Si.9B. The 13-day RSI was heading towards 50 but is now turning down. The price looks like it will pull back to 51.90
        163 words
    • Article, Illustration
      Strike price for Berger set at 85 cents for 21pc premium over minimum bid
      515 19  -  By Ven Sreenivasan SINGAPORE The strike price for the tender portion of Berger International's initial public offer was set yesterday at 85 cents, a 21 per cent premium on the minimum tender price of 70 cents.
      515 words
    • Article
      M'sian insurance firms likely to do even better
      724 19  -  HOCK LOCK SIEW By William Chia SINGAPORE The outlook for Malaysia's listed insurance companies has improved following the introduction of several new regulations by Bank Negara Malaysia (BNM), the country's central bank. The changes, some of them introduced last year and some
      724 words
    • Article
      Everbloom group to float unit after restructuring
      185 19 SINGAPORE The Singa-pore-based Everbloom group, in which listed Prima Ltd has an interest, is being restructured with a view to eventually floating Everbloom Biotech, a company in the group. This was disclosed to BT recently by Tan Kok Kheng. a director of the
      185 words
    • COMPANIES
      • Article, Illustration
        Fear of more US rate hikes sends Thai index into tailspin
        378 20  -  Impact of rise in US interest rates on stock markets From Loh Hui Yin in BANGKOK REVERSING gains made on Monday, the barometer Stock Exchange of Thailand index yesterday lost 2.92 per cent on fears of more United States
        378 words
      • Article
        Lock icon Tokyo share prices fall back moderately
        205 20 AFP TOKYO Share prices fell back on the Tokyo Stock Exchange yesterday with investors discouraged by an overnight tumble in New York following a rise in US shortterm interest rates. The Nikkei Stock Average of 225 selected issues in the first section closed 85.02
        AFP  -  205 words
      • Article
        Lock icon Elec and Eltek's profits up 46.5pc
        203 20 AFP HONGKONG Elec and Eltek International Holdings Ltd. which is preparing to list its PCB division and establish a new regional headquarters in Singapore, reported yesterday a 46.5 per cent increase in firsthalf net profits. In a statement, the electronics manufacturer said it made
        AFP  -  203 words
      • Article
        HK tipped to follow Wall St lead after 2.13pc fall over rates
        297 20  -  From Lim Soon Neo in HONGKONG THE bears dominated the Hongkong stock market yesterday. dragging the widely watched Hang Seng Index down 2.13 per cent to end the day at 9,303.91 points. "There was selling pressure throughout the
        297 words
      • Article
        KLSE expected to stay weak unless Wall Street recovers
        243 20  -  From Ho Kay Tat in KUALA LUMPUR JUST when punters thought it was safe to go back into the market, a nasty jolt in the form of another rise in US interest rates has knocked the wind out of any recovery.
        243 words
      • Article, Illustration
        Lion Land's computer arm to spend US$25m on two new businesses
        340 20  -  By Joseph Rajendran MALACCA The computer arm of Malaysia's Lion Land will spend up to US$25 million (SS39 million) to start two electronics companies, and plans eventually to get into chip-making. Likom Corp is setting up a printed circuit
        340 words
      • Article
        UNIT TRUSTS & FUNDS
        556 20 UNIT TRUSTS FUNDS Maaapn' prices Apr 20 ustir Fuml 102 106" Singapore Unit Trust UMB Invest Mgt Ltd The Commerce 1.71 180 Unifund 145 1.51 The Saving* Fund 156 164 Unihond 1025 105 S'porc I'rog Fund 0 72 0 76 United C.r Fund 164 1.71 S pore Sec FunJ 104
        556 words
      • Article
        Lock icon TA to acquire Hongkong stockbroking house
        134 20 Bernama KUALA LUMPUR TA Enterprise Bhd yesterday announced that its wholly-owned subsidiary. Grandtime Resources Sdn Bhd is acquiring the entire issued and paid-up capital of Perfect Coins Securities (PCS) Ltd of Hongkong for HKSI7 million (553.5 million). The company said in a statement that
        Bernama  -  134 words
      • Article
        Lock icon Greenspan plays an early hand in rates
        277 20 FT WASHINGTON When a senior politician gives you cover, use it. That seems to be the motivation for the unexpected quarter-point increase in shortterm rates signalled by Mr Alan Greenspan, the Federal Reserve chairman. The Fed's move followed tacit approval by the Clinton
        FT  -  277 words
      • Article
        DIVIDENDS ANNOUNCED
        1703 20 Payment fcx Books Pay date dose date ABK Hldgs 5* F 9 Jun 29 Jul 5 Jul IS Acma F 10 Jun 14 Jun 20 Jul S Amtck Eng 20* I 6TE Apr IS Apr 21 Apr 29 Bousicad 50" I 8.5 Apr 22 Mav 7 Jun 6
        1,703 words
      • Article, Illustration
        San Miguel plans robust expansion in Asia
        511 21  -  From Al Labita in MANILA SAN MIGUEL Corp (SMC). Asean's largest food and beverage conglomerate, is eyeing a "formidable presence" in Asia, chairman Andres Soriano 111 said yesterday. Mr Soriano told stockholders that Asia is a high-growth area. "The prospects for us are
        511 words
      • Article
        Lock icon Manila fines bank for delays, lifts suspension of 13 brokers
        215 21 AFP MANILA I he Philippine Securities and Exchange Commission (SEC) yesterday slapped fines on a clearing hank over late deliveries of stock certificates hut said it had lilted its suspension ol" 13 brokerage firms involved in the transact ions. I
        AFP  -  215 words
      • Article
        Lock icon GE wins US4170m Malaysian order for power generators
        263 21 Reuter HONGKONG GE Industrial and Power Systems Asia said it won a USSI7O million (SS27O million) order to supply a Malaysian power plant with four gas turbine-generators. GE. cooperating with Malaysian companies, will act as turnkey contractor for the 440megawatt independent power
        Reuter  -  263 words
      • Article, Illustration
        Lock icon HP in bid to penetrate Asia
        56 21 Reuter TAIPEI Hewlett-Packard Company of the United States yesterday launched an alliance with the Taiwanese government in a bid to penetrate the Asian market. Taiwan's Vice-Economics Minister Yang Shih-chien (left) and Lewis Piatt, chairman of US computer maker Hewlett-Packard, signed a letter of intent
        Reuter  -  56 words
      • COMPANY BRIEFS
        • Article
          Lock icon Fall in Alcorn's pre-tax profit
          75 21 Bernama KUALA LUMPUR Aluminium Company of Malaysia Bhd (Alcorn) has reported a 13.8 per cent fall in its consolidated operating pre-tax profit to MS 17.9 million (5510.4 million) for the year ended Dec 31 from M 520.8 million a year earlier. An Alcorn statement said
          Bernama  -  75 words
        • Article
          San Teh forms new subsidiary
          98 21 SINGAPORE Rubber-pad manufacturer San Teh has formed a new subsidiary. Nantong Santeh Hotel Co. in China. San Teh has a direct interest of 45 per cent and an indirect interest of 8.75 per cent in the subsidiary The subsidiary has a registered capital of USSB.B
          98 words
        • Article
          New director at Inchcape
          72 21 SINGAPORE Inchcape Berhad yesterday announced that Mr Peter McCready. Inchcape pic's regional director, marketing (South-east Asia), was appointed to the board of directors with effect from April 1. Mr McCready is currently the chief executive of Inchcape pic's businesses in Thailand. He replaces Mr Philip C'ushing.
          72 words
        • Article
          Lock icon C I Holdings in Best Tile venture
          77 21 Bernama KUALA LUMPUR CI Holdings Bhd has entered into a joint-venture agreement with Best Tile Works Sdn Bhd (BTW) to manufacture and market glazed and unglazed clay roofing tiles and accessories. The plant has capacity to produce four million tiles yearly. A joint-venture
          Bernama  -  77 words
        • Article
          Horiguchi buys leasehold property
          97 21 SINGAPORE Horiguchi Engineering yesterday announced that it signed an option on March 11 to purchase leasehold property at 253. Arcadia Road. #07-13, for a cash consideration of $728,000. The property, which has a floor area of 177 sqm. will be used for staff accommodation. The company
          97 words
        • Article
          Cycle & Carriage director retires
          25 21 Cycle Carriage director retires SINGAPORE Cycle Carriage announced at the company's annual general meeting yesterday that Mr J M McCormack has retired as a director.
          25 words
      • Article
        Lock icon India's Reliance posts 79pc rise in net profit
        411 22 Reuter BOMBAY Reliance Industries, India's largest private sector company, launched the country's results season by reporting an impressive 79 per cent growth in net profit for the last financial year yesterday. Analysts said the better than expected results of the textiles and
        Reuter  -  411 words
      • Article
        Lock icon HK seeks local to head market watchdog
        333 22 Reuter HONGKONG Hongkong hopes to find a local Chinese securities expert to succeed Securities and Futures Commission chairman Robert Nottle, who is quitting at the end of the year, a Hongkong government official said yesterday. The Secretary for Financial Services, Michael Cartland, said
        Reuter  -  333 words
      • Article, Illustration
        Lock icon Rolls Royce, Inchcape seal China deal
        78 22 Reuter BEIJING Rolls Royce managing director Michael Donovan (right) and Inchcape Motors International regional director lan Skeggs shaking hands yesterday at the Great Wall north of Beijing following the signing of an agreement for Inchcape to distribute the luxury cars in China. As China's
        Reuter  -  78 words
      • Article
        Lock icon Global chips market to top US$100b this year: US study
        180 22 Reuter SAN JOSE, California Dataquest, a market research firm, said on Monday the value of the global semiconductor market would top the USSIOO billion (SSISS billion) mark this year and consumption in the Asia-Pacific region would exceed Japan's current rate.
        Reuter  -  180 words
      • Article
        Lock icon US securities watchdog eases rulings for foreign companies
        325 22 Bloomberg Business News WASHINGTON The Securities and Exchange Commission moved yesterday to make it easier for foreign companies to sell stocks and bonds in US securities markets. At a public meeting, the SEC approved several rules it proposed last November to streamline
        Bloomberg Business News  -  325 words
      • COMPANY BRIEFS
        • Article
          Lock icon Yaohan to open wholesale mart in China
          103 22 Bloomberg Business News HONGKONG Yaohan International Holdings, based here, has signed a letter of intent to open China's first foreign-run wholesale mart. The 78.000 sq m Shanghai International Merchandise Mart is due to open towards the end of this year. Japan's Yaohan Group
          Bloomberg Business News  -  103 words
        • Article
          Lock icon Tatung's earnings surge 188pc
          94 22 Bloomberg Business News TAIPEI Tatung Co. the Taiwan electronics and machinery giant, said yesterday that 1993 net earnings soared 188 per cent from the previous year to NTS3.S billion (SS2O6 million). The rise was mainly due to strong earnings at a 56 per cent-owned television tube
          Bloomberg Business News  -  94 words
        • Article
          Lock icon Taichung back in the black
          69 22 Bloomberg Business News TAIPEI Taichung Machinery Works Co, one of Taiwan's largest manufacturers of machinery said unaudited pre-tax profit tor the first three months of this year was NTS 17 million (about SSI million), compared with a loss of NTS 4.7 million a year earlier.
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Pohang buys own shares to boost prices
          98 22 AFP SEOUL In an unprecedented move to prop up prices. Pohang Iron and Steel Co has decided to buy back 5 per cent of its own shares with retained earnings at a cost of more than USS3OO million (SS4BO million), brokers said yesterday.
          AFP  -  98 words
    • FINANCE & COMMODITIES
      • Article
        Jardine Matheson-GE venture to buy 64pc stake in AMB
        327 23  -  By Shiv Taneja SINGAPORE Jardine Matheson and General Electric announced yesterday that a joint venture owned by their subsidiaries had agreed to buy 64 per cent of Singaporebased Associated Merchant Bank from the The Royal Bank of Scotland for an undisclosed
        327 words
      • Article
        Lock icon China assures foreign firms of adequate forex supply
        217 23 KnightRidder HONGKONG China has assured foreign companies they will be able to buy as much hard currency as they need, despite being barred from trading in the new interbank forex market, the official China Daily newspaper reported yesterdav. The central People's Bank
        Knight- Ridder  -  217 words
      • Article
        Lock icon Chase's earnings better than expected
        345 23 US first-quarter corporate results Reuter NEW YORK Chase Manhattan Corp's 1994 better-than-expected first-quarter earnings rose from a year ago aided by a sharply lower loan loss provision. strong trading revenues and gains from sales of investment securities and real estate assets. "Chase's earnings were better
        Reuter  -  345 words
      • Article
        Lock icon Merrill Lynch profits jump 21pc to record US$372m
        317 23 Bloomberg Business News Reuter NEW YORK Merrill Lynch Co's first-quarter earnings advanced 21 per cent to a record US$372 million (SSSBO million), though the rise in interest rates that disrupted stock and bond markets this year caused trading revenue to decline. The
        Bloomberg Business News; Reuter  -  317 words
      • Article
        Lock icon Citicorp's net profit more than doubles to US$364m
        254 23 Bloomberg Business News NEW YORK Citicorp said its first quarter net income more than doubled, in part because of a lower provision for credit losses. Net income for the nation's largest banking company rose to US$364 million (***** million). or US$l.BO a
        Bloomberg Business News  -  254 words
      • SMALL CHANGE
        • Article
          OCBC co-arranges loan for Indon bank
          97 23 SINGAPORE OCBC Bank and five other Singapore-based banks have arranged an USSB7 million (SSI36 million) syndicated loan for Bank Rakvat Indonesia in the Asian dollar market. The deal is in the form of a four-year transferable term loan bearing interest of one per cent
          97 words
        • Article, Illustration
          Lock icon Winter damage may cost insurers US$2b
          68 23 Bloomberg Business News OLDWICK, New Jersey Insured damage from this year's severe winter weather could total as much as US$2 billion (SS3.I billion), said AM Best Co on Monday. Such losses would mean the property and casualty industry paid about US$l.l7 for every dollar
          Bloomberg Business News  -  68 words
        • Article
          Lock icon First Chicago, PNC Bank up prime rate
          81 23 Bloomberg Business News CHICAGO First Chicago Corp. the main unit of First Union Corp. and PNC Bank Corp raised their prime lending rates by half a percentage point to 6.75 per cent yesterday. They were following the lead of major banking companies such
          Bloomberg Business News  -  81 words
        • Article
          Lock icon Tokyo banker unhappy with rate pact
          68 23 Knight-Ridder TOKYO Tadashi Okuda. chairman of the Japan's Federation of Bankers' Associations, said yesterday he was dissatisfied with the floating deposit rate accord reached recently between the Ministry of Finance and the Ministry of Posts and Telecommunications. The two ministries reached an accord early
          Knight-Ridder  -  68 words
        • Article
          Lock icon Tokyo bank plans US$100m Baltic loan
          56 23 AFP TOKYO The Export-Import (Exim) Bank of Japan said yesterday it would provide US$lOO million (S$ 155 million) in untied credit to Baltic countries to help support infrastructure projects. Estonia and Latvia would each draw US$3O million, while Lithuania would have access to US$4O
          AFP  -  56 words
      • Article, Illustration
        Untitled
        1722 24 IraJt'-Ht'ifhifd tntk'X cukulahxl tigaumst Spurt' s h t/t 14 11 ad /na m*t\ Bum yrut f«*s US$/S$ forward rates Noon Apr 19 s$ Bid Offer 1-month 1.5583 1.5598 2-month I 5594 ***** I-month 1 5599 1.5614 6-month 1.5603 1.5623 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Apr
        1,722 words
      • Article
        Lock icon Lloyd's braces for fall-out as Names prepare court action
        622 24 Bloomberg Business News LONDON The timing couldn't be worse for Lloyd's of London. A group of more than 3.(XH) Lloyd's investors go to the Lnglish High Court next Tuesday to sue those they blame for losses totalling more than £600 million
        Bloomberg Business News  -  622 words
      • Article, Illustration
        Lock icon New panel to help settle UK financial disputes quickly
        436 24 Reuter LONDON A new body set up to resolve disputes in Britain's financial services industry by arbitration and mediation will save its members vast amounts of time and money, said Richard Freeman, its chief executive. "The City Disputes Panel will help
        Reuter  -  436 words
      • Article
        Lock icon Rubber talks to resume in October
        244 24 AP LONDON Rubber producers and consumers will resume negotiations in October in pursuit of a new price-stabilisation treaty, the United Nations Conference on Trade and Development said on Monday. The present International Natural Rubber Agreement expires at the end of this year, but can
        AP  -  244 words
      • Article
        Lock icon Ashton finds five more pipes that may bear diamonds
        428 24 Bloomberg Business News MELBOURNE Australia's Ashton Mining said it discovered five more small kimberlite pipes in its Merlin prospect in Australia's Northern Territory and will test the samples for diamonds. Kimberlite pipes are geologic structures that sometimes indicate the presence of
        Bloomberg Business News  -  428 words
      • Article
        Lock icon E European banks start ECU clearing system
        172 24 Reuter BRUSSELS A group of Central and bast European eommereial hanks has started a private clearing system for the settlement in ECUs of traderelated payments. The system will handle payments in 18 convertible currencies between the six participating banks, with a daily settlement
        Reuter  -  172 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        147 24 THE US dollar was again confined to tight ranges yesterday with the market lacking direction. The dollar opened lower yesterday morning at 1.*****0 but spent only minimal time below 1.5580 as locals came in buying shortly after market opening, taking the dollar up to 1.5580
        147 words
      • Article
        Lock icon London
        186 24 Bloomberg Business News LONDON The dollar dropped almost a pfennig to a two-week low against the mark yesterday as rising US interest rates sparked a shift of capital to deutschc mark cash from sliding global bond markets. Investor confidence in the dollar has deteriorated since the currency failed to
        Bloomberg Business News  -  186 words
      • Article
        Oil futures fall ahead of inventory report
        170 24 Bloomberg ENERGY REPORT LONDON Oil futures prices fell yesterday on both sides of the Atlantic as traders expected to see rising US crude oil inventories in last night's American Petroleum Institute report. Some analysts said crude oil futures contracts were set to fall
        170 words
      • Article
        Lock icon New York
        87 24 AFP NEW YORK The dollar weakened against other major currencies yesterday as losses posted on European markets gathered speed here after surprising news the US trade deficit widened sharply in February. At about 9:30 am (1330 GMT), the greenback was trading at 1.7010 German marks, down from 1.7078
        AFP  -  87 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar, Euroyen lower in active trade
        1377 25 Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed sharply lower on active trading yesterday. Dealers said sentiment for Eurodollar was decidedly bearish following the Federal Reserve's move to raise the Fed funds rate by a quarter point to 3.75 per cent. Eurodollar was sold
        Reuter  -  1,377 words
      • Article
        KL tin gains on low initial offers
        592 25 COMMODITY REPORTS Tin TIN closed seven sen higher at MS 14.39 a kg yesterday on some local buying despite a lower close in London overnight, traders said. They noted an opening offer of 18 tonnes against bid of 43. Final turnover was 33
        592 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan won't promote plutonium use
          121 25 TOKYO Japan will back down from its plan to promote plutonium use for nuclear recycling. International Trade and Industry Minister Hiroshi Kumagai said yesterday, according to Kyodo news agency. Mr Kumagai was referring to reported calls by the Advisory Committee for Energy, his advisory organ,
          121 words
        • Article
          Australia's malt barley market share
          111 25 PERTH Australia is losing its share in highly developed international malt barley markets, the Grains Week conference here was told yesterday. The Boston Consulting Group said Australia is continuing to lose market share in Japan and could also come under pressure in its major market
          111 words
        • Article
          Kobe Steel's aluminium sheet sales
          82 25 TOKYO Japan's Kobe Steel expects sales of aluminium sheet to rise 25.8 per cent to 23,800 tonnes per month in the first half of fiscal 1994-95 (April-March) compared with 18,920 tonnes per month in the year-earlier period, due largely to seasonal demand factors, a spokesman
          82 words
        • Article
          Indonesia's crude palm oil output up
          74 25 SINGAPORE Indonesia's crude palm oil production rose 4.4 per cent in 1993 to 3.42 million tonnes, the Jakarta Post yesterday quoted Agriculture Minister Sjarifudin Baharsjah as saying. Production of the commodity is expected to rise 19.6 per cent to 4.09 million tonnes in 1994,
          74 words
    • Article
      COMMODITY PRICES
      1548 25 Rubber Singapore Commodity Exchange (futures dosing as at lp) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest May 94 147.00 147.00 146 75 200 1.900 Jun 148.25 147.25 147.25 900 5.925 Jul 148 50 148.25 147.75 450 1 900 Aug 149 00
      1,548 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1155 26 -34.5 The Australian share market closed sharply lower yesterday, driven down by weaker bonds and futures and bearish overseas bourses. The All Ordinaries index lost more than 20 points in the first 10 minutes of trade before ending 34.5 points down at 2.061.4, only 3.7 points off its low
        1,155 words
      • Article
        Manila
        609 26 +6.76 Philippine share prices edged marginally up yesterday as selected buying in telephone stocks and major second-liners extended the bourse's rally to a fifth straight day. analysts said. They said that rosy corporate earnings in the first quarter, led by beer and manufacturing giant San Miguel Corp's 40 per
        609 words
      • Article
        Taipei
        558 26 -14.38 Taiwan stocks closed slightly lower in active trade on profittaking after Monday's rally and in response to Wall Street's overnight loss, brokers said. The index ended 14.38 points, or 0.25 per cent, down at 5,675.75 in turnover of NTSSB.9 billion. Profit-taking on Financials and steels which gained most
        558 words
      • Article
        Seoul
        420 26 -6.3 Stocks closed lower in very thin trade after brief early gains were overwhelmed by a round of profit-taking in blue chips, bro- kers said. The composite stock index lost 6.30 points to end at 885.85. after touching a day's high of 897.31. Losers outpaced gainers hy 583 to
        420 words
      • Article
        New Zealand
        313 26 -37.41 The New Zealand share market finished sharply lower in line with falls in world equity markets which reflected fright at a further tightening of policy by the Federal Reserve. The NZSE-40 Capital Index closed down 37.41 at 2.104.70 after it had opened down 37.26 points. Volume was
        313 words
      • Article
        Bombay
        62 26 -25.02 Share prices ended lower despite Reliance Industries reporting a better than expected performance as the Bombay bourse's account period was coming to a close tomorrow, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed at a provisional 3.841.89. down 25.02 points from the previous close, brokers said.
        62 words
    • WORLD STOCK MARKETS
      • Article
        London
        649 26 -10.2 UK stocks fell yesterday on concerns rising US interest rates will crimp company earnings by preventing further British rate cuts. The FT-SE 100 Index of leading stocks ended the day down 10.2 points at 3,128. with 4.1 points of the fall contributed by Guinness pic. Cable and Wireless
        649 words
      • Article
        Paris
        179 26 -24 French stocks and bonds fell as rising US interest rates sent investors in search of a safe haven for their money. The CAC 40 index of French blue-chip stocks ended the session 24 points lower at 2.135.90. The broader SBF 120 index, comprised of the CAC's 40 stocks
        179 words
      • Article
        Milan
        134 26 -93 Italian shares slipped along with other European markets after Monday's rise in US interest rates. The blue-chip Mibtcl Index fell 0.8 per cent, or 93 points, to 12,224. It slumped 2.4 per cent on Monday. Traders said the Italian market was likely to be weak even without the
        134 words
      • Article
        Amsterdam
        250 26 -4.98 Dutch shares clawed back half of early hefty losses, but still closed 1 per cent lower. Weak bonds cause some local liquidation, but the main drag was big selling of futures and baskets of index constituents from options exchange professionals. The AEX closed 4.98 points lower at 416.45.
        250 words
      • Article
        Zurich
        243 26 -15.21 Swiss shares fell 1.1 per cent on fears higher US interest rates will discourage moves to lower rates in Europe. making stocks less attractive relative to fixed income investments, traders said. The Swiss Market Index of 22 blue-chip stocks, or SMI, fell 32.0 points to 2,837.1. with 19
        243 words
      • Article
        Frankfurt
        188 26 -56.36 German slocks recovered some of their earlier losses in post-bourse trading, buoyed by initial gains on Wall Street, traders said. Stocks were savaged in regular trading by fears of rising interest rates after the US Federal Reserve raised rates for the third time this year on Monday. The
        188 words
      • Article
        Johannesburg
        248 26 164 The overall index was 110 points higher at 5.080, industrial index 164 points up at 5.923 and gold index down 10 at 1.945. Johannesburg Apr IH Rand INDUSTRIALS Xlphi 9300 until (HI 2250 urxh \MI< 5775 \mjpriip RjrW»*s HK* i urx h BjmI Sirt 10 Hui» two 25
        248 words
      • Article
        Toronto
        301 26 -32.58 Toronto stocks moved sharply lower at midday yesterday as plummeting gold prices led declines across the board. Traders said the hike in US short rates on Monday continued to weigh on Canadian equities and bond markets. The TSE composite index extended earlier losses to trade down 32.58 points
        301 words
      • Article
        New York
        822 26 Blue-chip stocks were slightly lower yesterday as calm returned to Wall Street after Monday's market-depress-ing hike in interest rates by the Federal Reserve. At 1 pm EDT. the Dow Jones Industrial Average was off 5.65 points at 3.614.77. The index lost more than 40 points in the previous
        822 words
      • Article
        Stockholm
        111 26 -1.39 pc Swedish shares closed lower in reaction to sharply higher debt market yields after Riksbank Governor Urban Backstrom indicated he would not cut the key marginal rate soon. But shares recouped slightly in late trade after Wall Street opened higher. The OMX-index was down 1.39 per cent at
        111 words
      • Article
        Untitled
        829 26 Britannia Funds Sterling C ash Bid OITrr Mim Cap Deposit <K *400 IKKSIO Mini Jercrv Colt 0.1 Ml 0 IH2 Mm. MJ\ Iikimiic *0 1MN) •***** I S$ ash IhiMK Plus F uml 1 ism 10 4*00 PN Kchtx Fun.! S 2M)0 5 2N*> Sterling Mail) Furo Performance 04W 0
        829 words
    • Article, Illustration
      Lock icon HONGKONG
      3088 27 Bloomberg Business News HONGKONG The benchmark Hang Seng Index dropped 2.13 per cent after an unexpected rise in US interest rates stoked concern about higher rates here, taking the lustre off real-estate-related companies in particular. Companies with substantial real estate interests were hard hit because of the perception that
      Bloomberg Business News; Source: Bridge Info  -  3,088 words
    • Article, Illustration
      CHINA
      531 27 TRADING in Shanghai was quiet yesterday with turnover at US$4 million. The CLSA B index edged down 2.33 points to 717.17. In contrast, Dazhong rebounded 8 per cent after falling for five consecutive days. There was active trading in Pilkington which ended up 1 per cent. Turnover in Shenzhen
      531 words
    • Article, Illustration
      Lock icon TOKYO
      2561 27 Bloomberg Business News TOKYO Stocks declined as investors sought to sell shares they thought would most likely to suffer from the third increase in US interest rates this year, traders said. The benchmark Nikkei 225 Average fell 85.02 points, or 0.42 per cent, at 20,192.34. It fell as low
      Bloomberg Business News; Source: Bridge Info  -  2,561 words
    • Article, Illustration
      Lock icon BANGKOK
      1818 27 Bloomberg Business News BANGKOK Thai shares declined 2.92 per cent on concerns that domestic interest rates will rise, after the Federal Reserve pushed up US rates for a third time this year, analysts said. Finance issues, which led the Thai market higher the past two days, were the day's
      Bloomberg Business News; Source: Bridge Info  -  1,818 words
    • Article, Illustration
      Lock icon JAKARTA
      1166 27 Bloomberg Business News JAKARTA Indonesian stocks fell after the US Federal Reserve's move to raise interest rates sparked fears foreign investors will move funds out the country, analysts said. The Composite Index fell 10.02 points, or 2.1 per cent, to 465.76. Volume was 14.3 million shares worth 70.3 billion
      Bloomberg Business News; Source: Bridge Info  -  1,166 words
    • Article
      CLOB INTERNATIONAL
      2731 28 MOST ACTIVE volume H( B MX 10.417.000 MnsHnt SOK 8.471.000 Ki'maun SOt UMM Mulphj Inll Mil' 7.2S9.0U0 Priwnci s.MVOOO Lion Hoc TSR97 4.712.000 VMDB MX 4 1M> 000 kamunnng MX' J.9>4.000 Mufti-Purpose 1.722.000 M Industrie* MMjQQO Pegi NImj »»l 01)0 Innovcsl Bhd V244.000 Bcrjava Ind 1053.000 MOST ACTIVE
      2,731 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices fall in reaction to US news on interest rates
        5295 28 Bloomberg Business News KUALA LUMPUR Stocks fell as investors echoed regional concerns that the US Federal Reserve's move to raise interest rates would drain funds out of South-east Asian markets, analysts said. "It's sort of a knee-jerk reaction to worries
        Bloomberg Business News; Source: Bridge Info  -  5,295 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6967 29 Gf Gf ul k IJMt VnI Day Last Quote DH Di« VM Nc( M Cm High Law Comrmmy Sak (IN) High Low Buyer Seller Cir P/E Wl MOUSTRUU. AND COMMERCIAL 1440 260 I s Aetna 94} cd -IS 119 94S 925 94) 930 17.3 2.1 1 9 13.1 6314 760
        6,967 words
      • Article, Illustration
        Lock icon Wall St reaction to Fed move dampens local sentiment
        1950 30  -  By Paul Leo SINGAPORE Sentiment on the local bourse was dampened by an overnight fall on Wall Street which was due to an increase in US interest rates. The Straits Times Industrials Index opened 16.30 points lower at 2,222.77. It touched
        Charts by Bridge Info; Source: Bloomberg  -  1,950 words
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      256 19 NEWS VALUE How today's new s might atiect your stocks S$ touches all-time high as DBS raises prime rate <pg I) Bad for stocks, broadly speaking. May lead to another round of hikes in local interest rates. Kmart Metro to be Tampiites complex tenant (pg 2) Strong anchor tenant. Positive
      256 words
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      207 20 Share Phone (»Klfi) Just call *****60 (English) or *****90 (Mandarin) by any telephone, you can get the real-time share price information such as ST Index, OTC index and Buy/ Sell/Last-Done/Volume for all shares traded in Singapore. (1) Key-in your Account Number and PIN Number. (2) If your Account Number and
      207 words
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      204 21 it with DHL. Compare DHL door-to-door the airport, the price and service your shipments. Plus the security service with normal air freight advantage off DHL Express Freight off the most advanced shipment and it's easy to see how DHL is crystal clear. track-and-trace system there is. Express Freight can save
      204 words
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      353 words
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      250 23 ARE YOU RUNNING A SUCCESSFUL BUSINESS? DO YOU HAVE THE TIME TO BE EVEN MORE SUCCESSFUL? As an executive of a successful company you spend all your time building up your business. This leaves little time to build up your own investments. THE INDEPENDENT VIEW is an international stockmarket newsletter
      250 words
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      Page 23 Advertisements Column 2
      87 23 A r s ill lnthe Wv\ D W Singapore Career Guide The most extensive VH& handbook on careers in Singapore -f, J Used by: Job seekers Secondary school leavers Graduating students of ITEs and JCs Students of polys and universities Contains comprehensive information on: r Career opportunities, job descriptions, salaries,
      87 words
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      52 24 This announcement appears as a matter of record only Limited (Incorporated in the Republic of Singapore) 5525,000,000 6%% Fixed Rate Bonds due 1997 Arranged and Managed by SRQMOaDB&IK Istituto Bancario San Paolo di Torino SpA, Singapore Branch Fiscal and Paying Agent Istituto Bancario San Paolo di Torino SpA, Singapore Branch
      52 words
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      132 25 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. 8.V.1 ISLE OF MAN BAHAMAS Q JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K.
      132 words
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      Page 25 Advertisements Column 2
      41 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets Everyday Business Times
      41 words
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      30 27 ACTAL NEUTRALISES STOMACH ACID. 1 1 "BHKT quick relief from stomach discomfort, i FAST-ACTING ANTACID JgSSS Sterling 9 a stric pain, indiges- mievts 6tSTntc Health tion and heartburn, h- 2
      30 words
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      60 28 I RATHER THAN A STOCK EXCHANGE, LOOK AT AN INVESTMENT EXCHANGE. At ilibank. you can now switch to I nit I rusts and still get the opportunity to make hiiih returns with only moderate risk. So for a fresh alternative, call our 24-Hour CitiPhone Banking toll-free on 1800) 225-5225. CITIBAN<©
      60 words
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      Page 28 Advertisements Column 2
      9 28 m Vr W m wk. Tomorrow in Business Times
      9 words
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      32 29 Johnston Murphy. A heritage of excellence since 1850 9 Gaieties Lafayette Orchard Isetan Scotts •Robinsons Takashimaya AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. Business Times
      32 words
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      1110 30 L_ OJ_JJ_EJ_§__T I M E s NOTICE NOTICE IS HEREBY GIVEN that, I KARAMJEET SINGH of Blk 453 Jurong West St. 42 #02-94 Singapore (2264), have applied for a Public House 2nd Class Licence in respect of premises at M/s Maharajah Clementi at 53/55 Sunset Way Clement! Park Singapore (2159),
      1,110 words
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      Page 30 Advertisements Column 2
      365 30 NOTICE IS HEREBY GIVEN that. I Biswas Swapan Kumar of Blk 517 Dun man Road #03-04 Dunman Court Singapore 1543 have applied far a Retail Beer Shop, Licence in respect of premises at M/S S-B Mini mart at Blk 1001 Lower Delta Rd #01-03 Teresa Ville Singapore 0409, and that
      365 words
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  • Shipping Times
    • Article
      Lock icon Mideast Gulf VLCC trade ends week on quiet note
      296 31 Reuter LONDON Chartering of VLCCs (very large crude carries) in the Mideast Gulf ended last week on a tranquil note, which saw levels stabilise around worldscale 32.50. brokers said. Shell took the Jarim and the World Champion, both VLCCs, for trips
      Reuter  -  296 words
    • Article
      Lock icon Nedlloyd expected to stage turnaround this year
      490 31 Reuter AMSTERDAM Shipping and transport group Koninklijke Nedlloyd Groep NV is expected to return to profit with a vengeance in 1994, and will show strong earnings growth up to 1997 after two years of losses, analysts said on Monday. A sharp turnaround in
      Reuter  -  490 words
    • Article
      Lock icon Eurotunnel may run out of cash soon: report
      497 31 Reuter LONDON Eurotunnel ple/SA, the Anglo-French company due to start operating the Channel Tunnel next month, could run out of cash soon if it does not reach its aggressive market share targets, a report said on Monday. Klesch Company, a brokerage specialising
      Reuter  -  497 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1099 31 Page Col ABC Containerline 16 4 Accord Group 8 1-3 Ahrenkicl Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 3 ASCL 5 5 Assist Marine 6 1 Avant Shpg
      1,099 words
    • Article, Illustration
      Lock icon Space-age craft
      51 31 Reuter KUALA LUMPUR Annette Fenton, director of Australia's Hoverco Pt> Ltd, with the space-age Hoverlite at the Defence Services Asia *94 exhibition held here yesterday. The five-seater hovercraft, constructed from composite materials such as kevlar, carbon fibre and glass reinforced fibre, travels at speeds up to 100 km.
      Reuter  -  51 words
    • Article
      Lock icon Indon port not affected by Medan strike
      192 31 Reuter JAKARTA North-western Indonesia's Belawan port remained open on Monday despite several days of worker riots in the Medan area but most nearby factories were closed, foreign diplomats said. "The port is open but it is not clear how much is being shipped
      Reuter  -  192 words
    • Article
      Sri Lankan forwarders merge into one
      135 31 SINGAPORE The 25 members of Sri Lanka's freight forwarders' association have merged into a single company. SLFFA Cargo Services. The move is aimed at improving service and promoting the country as a regional transhipment hub for air and sea cargo. According to the International
      135 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        443 32 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure JMTOflg Port Ummeedh 22A P08B alongside 1904 2300 Bataro Indali NU3 il alongside 2004 2300 Victory 4 2 94 P01A alongside 1904 2355 Gaoyang 127 111 alongside 2004 0600 Baam Spe«dj A/794" P01A 1904 1330
        443 words
      • Article
        CONTAINER SCHEDULES
        2025 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinc/Balance Rslts Ship Voy No Etb/Btr Period From To From Acj Daisy 051B 22/2000 3 20 0700 20 1159 20 1400 4 20 1200 20 1459 20 WOO Aoi Swan 114A
        2,025 words
    • Article
      THE SHIPPING GUIDE
      11401 40 This is a list ol ships loading at Singapore for ports around the world. It tabulates, by destination, the name ot the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,401 words
    • Article, Illustration
      Lock icon China ports draw HK investors
      1123 48  -  China is actively seeking investment in port projects and there are no lack of investors from Hongkong, reports Francine Brevetti Francine Brevetti Seatrade Review Hongkong investors are making haste to participate in the development of China's ports. Major players Hongkong International Terminals (HIT). Wharf Chiila,
      Seatrade Review  -  1,123 words
    • Article
      DAILY FREIGHTS
      1274 48 FREIGHT rates for both capers and panamaxes were continuing to attract firm rates throughout the Atlantic, brokers said on Monday. However, panamax freight rates were expected to have the brakes applied to them due to tonnage transferring from the Pacific region looking for an improved level of return.
      1,274 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US airlines cut summer fares by up to 40pc for vacationers
        587 50 Reuter NEW YORK The nation's biggest airlines cut tares for the key summer season on Monday. hoping to boost vacation travel by luring travellers into planning their holidays early. Starting off the latest round of the airline industry's price
        Reuter  -  587 words
      • Article, Illustration
        Lock icon Cost of C-17 plane continues to soar
        259 50 AP WASHINGTON The price of the US Air Force C-17 transport plane continues to soar while the plane itself suffers reliability problems, according to a government report. "C-17 reliability is significantly less than expected." the General Accounting Office (GAO) said in a report
        AP  -  259 words
      • Article, Illustration
        Lock icon British Airways chairman predicts hypersonic age
        339 50 Reuter CORAL GABLES. Florida British Airways chairman Sir Colin Marshall said on Monday he expects the Concorde to fly for another 12 years, hut added that the industry may go straight to a new hypersonic jet instead of developing a new supersonic aircraft. "We
        Reuter  -  339 words
      • Article
        Lock icon Continental forecasts first-quarter loss
        280 50 Bloomberg Business News NEW YORK Continental Airlines expects to report a first-quarter loss because of weak yields, poor weather, the high cost of modernising its fleet, and costs associated with CaLite. treasurer Michael Cox said on Monday Yield is an industry term for the revenue an
        Bloomberg Business News  -  280 words
      • LOG BOOK
        • Article
          Wafex doubles Tema calls
          68 50 SINGAPORE The Wafex consortium of Mitsui OSK Line. Kawasaki Kisen Kaisha and Navale Delmas has doubled its calls on the port of Tema in West Africa. Wafex's semi-containership service between north Asia and west Africa via Singapore will now stop twice a month at Tema instead
          68 words
        • Article
          Lock icon New M'sian airline to fly by October
          95 50 Reuter KUALA LUMPUR Malaysia's second airline. Air Asia Sdn Bhd. should be Hying scheduled routes by October, one of its directors said. Mofaz Group of Companies president Mohamed Fauzy Abdul Hamid declined to reveal the destinations, saying "that will be the government's decision",
          Reuter  -  95 words
        • Article
          Lock icon UPS plans US$600m outlay on planes
          79 50 Bloomberg Business News ATLANTA United Parcel Service, said it would spend USS6OO million (SS93O million) this year on previously ordered airplanes to increase the size of its fleet by 11.7 per cent. The company said the deliveries come amid record demand for its air
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          Lock icon Jamaican carrier flying to Miami
          59 50 Reuter KINGSTON. Jamaica Jamaica's first privately owned airline. Caribbean Airline, said it would begin operating daily flights to Miami on June 3. Caribbean Airline president Peter Thomas said 51 per cent of the company's shares were held by nine Jamaican investors. The remaining 49 percent
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          Lock icon Panama bans United over discounts
          56 50 Reuter PANAMA CITY Panama has temporarily banned United States carrier UAL Corps United Airlines from operating here because of a tarifY dispute, said Zosimo Guardia. director of the Civil Aeronautics Department. Mr Guardia said the ban went into effect on Saturday after United refused to
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        Lock icon Three US railroads plan container venture
        270 50 Bloomberg Business News ATLANTA Three of the leading railroads in the US Conrail Inc. Norfolk Southern Corp and Union Pacific Corp are forming a partnership to provide container equipment for intermodal traffic. Intermodal is the name applied to freight shipped by a combination of
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1748 50 city nw m nw oty nw eta f%m rro Abu Dhabi 0K510 1900 0K5I1 2255 Ceneva SR183 2105 Adelaide SQ227 2030 franc*— CZ353 1255 CZ354 1420 Amman RJ182 1445 RJ183 2230 Hanghou MI931 2035 MI932 0920 Amsterdam KL837 1450 KL832 2300 Hanoi VN741 1310 SQ176 1130
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        Lock icon US trucking strike: more talks planned
        307 50 AP WASHINGTON Representatives of the Teamsters union and the trucking industry ended a day of "serious discussions" on Monday and planned more talks to resolve a nationwide trucking strike. The talks were recessed until yesterday. "Serious discussions were held on key issues that divide
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      46 31 Drager.4 SAFETY EQUIPMENT jj (SOLAS APPROVED) PA9O MARINE Specifically Designed Bieaihint Apparatus roc Maritime Application* HIGH QUALITY HIGH PERFORMANCE HIGHLY AFFORDABLE JHHL S Draeger South East Asia Pte Ltd 67 Ayer Rajah Crescent #06-03 Singapore 0513 Tel: 773 2133 Fax: 773 2033 Tlx: RS ***** DWSING
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      27 31 Llms and services raprssaiitad Members «f the Registry ef Accredited Skipping Agents, Singapore Netleeal Ship- \?X3Mt) ping Asseoraen. \^i^/ for advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      45 31 VISA FREIGHT SERVICES PTE LTD THE TOTAL TRATiSPORTATiOD PEOPLE I "3 1800 *****66 China ports draw HK investors, Page 18 US airlines cut summer fares, Back Page TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Eveiy Thursday. SINGAPORE P B Business Times iFOKWASM
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      474 32 TSKUNE AGENCIES (S) PTE. LTD. f I 1 w wm-np Tel: 226-3363 hl*s i 3« JV# JLJLWrL 226-1972/3 VjflLr* y -T Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPORTS TO HONGKONG. MANILA. TAIWAN t JAPAN "TWICE WEEKLY" I QgtWWD Wf m PEN JKT I 1
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      1690 32 DIRECT TO USA WEST COAST (SCX-SPORE CALIFORNIA EXPRESS) TO EAST MEDITERRANEAN (FULL COWTAMEB SERVICE) «wi m l« I OM n gl BM MM CMC HI WMCO *SS£l HOT IB 5 TO* IDIMCTTI PMACUS* 1 BTMCUt* N.CIMOM' I2MT IfT MB' BERUT* Lin DM' WRSft IMA PACIFIC ARROW VC236 CALI JUPITER V
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      2409 33 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL* *****13 FAX' *****42 PETALING JAYA TEL: 03-*****76 FAX. 03-*****42 DOCUMENTATION TEL *****55 (INWARD)/*****90 (OUTWARD) 4 t 1 CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 !?2ttJ2 CUSTOMER SVC TEL: *****92/*****91/*****93 m lit KEPPEL DISTRIPARK BLK 513 #01-128 JOHOR BAHRU TEL: 07-*****0 FAX:
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      2098 33 ■HEHSHaaza REDSEA JEDDAH/HODEIDAH/AQABA NEXT VSL: KAI V. 07/315 ETA SIN 22ND APRIL 94 Vessel Voy ETA ETO Feedered by ——'jrirs. destinations This <M«k MC KINNEY maersk V 9404 kIWaffIfBWW—aimWMHIBBIBHBBHBIIWniBIWTffWIWWP— 26/04 060 C HRS Cfs 25/04 2359 MRS JOH LPK PEN OAK LGB SFO MEM ATL MIA CHS BAL PML NYC|TO«^
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      1755 34 AQABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA THAMES 22/ 11S 20/4 7/s__ 10/5 B£s p or Ke|ang p enanQ KAI 07/315 23/4 2/5 9/5 11/5 14/5 16/5 18/5 Pasir Gudang LA SEINE 35/116 27 4
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      663 34 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. IsJamqala (Doqharun) C.1.5./RUSSIA: Voitochny. Vladivostok. Moscow. I I Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe. Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN PKR Ned Europa V 2114 26/4 23/5 Ned Hongkong V 2124 03/5 30/5
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      1195 34 I NORASIA WEEKLY SERVICE WITH FIXED DAY SAILING IQ LA SPEZIA,FFO r BARCELOMA r VALENCIA FOR MORE DETAILS, PLEASE CONTACT: MS TAN SEOW CHUAN/MS FELICIA PEH S PORE GENERAL A6EHT; NORASIA AGENCIES (S) PTE LTD ALSO ACCEPTING LCL TO: Nn UMtilSiwl *****3 PAK: *****90 VENICE/TRIESTE/ANCONA/ALEXANDRIA/ PORT THAIISd AGEnTyS. agencies CO
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      1914 35 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific une jgßMap <a service of china navigation co> CARGO DUE SAAS n«T MRtn V 0 St Mura.KK.Skan.Taw 20 21 Apt 21 Apt 23 Apr FCL. LCI COMTAMER ANO BUEAKBULK
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      2855 35 SINGAPORE AGENT: PXifl Anto Itl At*C P4 Container® (Singapore Agencies) Pte Ltd M W m. Jlf If Lcll 11\<1 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 r CR Number **********0Z EXPORT IMPORT VESSEL vor -PMG P*G MM
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      8 35 HO CHI MINH TEL: *****26 FAX: *****27 LENNON
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      40 35 VESSEL ETA ETC DESTINATION BACH LONO VI 11/04 20/04 HAIPHONG SONG TEN 03 21/04 23/04 HO CM MUM NHA TWANG 00 17/04 22/04 OiMNHON/HAIPONG SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: RS23MI VIETHK
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      653 36 w T 1 r GENERAL AGENT C R NO *****81-***** 4§9k EKA JAYA AGENCIES >9l§r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE pea cm mwh city paqeh |MAiia«iQf«e/pmecT HEHWY MOB 2HQM4 727W«/H4tW KEiviH CHArt tuna sma/Hiai mahoj _jjma aim TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE (<§hmrxm™ CENTER-POINT y MWi
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      Page 36 Advertisements Column 2
      1955 36 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSL SM I LITE HAUL StA mm FOR VS. SM IIM HAUL SAV IN NTC HANJM HONGKONG 044£ 24 4 OMECT 14/5 15/5 16/5 HANRN HONGKONG 044 C 24 4 M PROGRtSS 032£ 2/«
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      1515 36 d I rTTH'^PT^ I. use we uc fus hkt o» «t m tto iu cw bai ntc wv im wi»«kdh ni w I GOLDt* KM] 19/4 214 4 17,4 »4 2/5 3 5 4 5 5/5 5 7/5 11 5 31 5 li 3 6 12 i 13 < 14
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      2509 37 PLEASE CALL HI II NEPTUNELINK (1800 *****00 TOLL-FREE) ■I k H FOR THE FOLLOWING INFORMATION: ■I H VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ ■I M FREIGHT CHARGES PAYABLE/STORE RENT CHARGES/ ■I U AVAILABILITY OF DOCUMENTS FOR COLLECTION ■I >R1 Conmctinf Cifcr* Pagnm Voy 2C ta NKC 23/04/ M I ■1 r '112
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      Page 37 Advertisements Column 2
      1269 37 a MULTILINE SHIPPING PTE LTD W (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 A BOOKINGS: *****64, *****51, *****31, *****13 < > BALTIC: INWARD *****97 OUTHARD *****10 T/S *****10 ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59
      1,269 words
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      1020 38 K44 99 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0M>G5T REG NO: M 2 *****99 6) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I T *3* MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD I TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T.
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      Page 38 Advertisements Column 2
      249 38 nacmc Shtppmg TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PK LOADING FOR SEA CONCERT SID SID SID FLU/ROT/ANT/UK WORLD AJAX MPT 27/4 30/4 FLU/ROT/ANT/UK WORLD ARGUS 2/5 15/5 20/5 FLU/ROT/ANT/UK/ BELFAST Loads Sabah/Indonesia C R NO. **********0H CONTIPAC SHIPPING PTE LTD T«l: *****32 Fax: *****49 P.K. MULTIPORT SDN BHD. TEL:
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      275 38 irrr foowg sun V" SHIPPING (PTE) LTD. WHOLESALE CENTRE. BLOCK 1. #0310 SINGAPORE 0511 BOOKING/ENQUIRIES CR NO: **********0W TEL: *****55 (12in OUTBOUND) *****77 s ims INBOUND FAX: *****16 TELEX: RS *****/***** FSSHIP VESSEL WOT ETA no OCSTHATKH GULF SULTAN 7/94 IN PORT 21/4 PLAJU/PALEMBANG SEAMAft 6/94 25/4 27/4 PONTIANAK/SWTETE SUN
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      804 38 ®APPENSHIP /2\ HAMBURG IT*/ CONVENTIONAL A INDEPENDENT LINER SERVICE V EUROPE TO SOUTH EAST ASIA AND FAR EAST vessels loading ports discharge loading for SUMMER HAM 30/04 SPORE 27/04. BKK LORELEY HAM 23/03 ANT 28/03 SPORE 14/05 BKK. LAEM PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 02/06
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      Page 38 Advertisements Column 5
      384 38 /\r~x-ri GOLDEN LINE "N GUAN guan shipping (PTE) LTD 23. Trtok Ayer Street SMGAPORE 0104 TEL ***** M (10 LINES) fir i34JVM (CR No **********0W) STRAIT6/PER6LAM CULT SERVICE S pore P Mang Penang GOIOCN STW kjracfc Dub* 21 30 Opt TlAtt »»C£ Harach Dub* 26/27 Apr CHINA SERVICE GOLDEN WONDER
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      1002 39 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I CR NO 10Q8O6/OOOOE VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN SINO MARINE uu yt, A ,c 4 MAJAPAHIT 4261 24/4 27/4 1/5 1.. z!.. BUNOA TERATAI 4673 26/4 29/4 3/5 EQUATOR
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      931 39 WSSIIS ¥0* I S« 1 li HAWK HAJ*tt*C THAMES *0111 ROAM ANIWtItF Hilt Pt lUCAWA UOJW 20/04 11 05 13 05 14 05 15/05 17 05 HANSA CAftRtR *03* 30/04 22/05 24/05 25/05 2«/05 21/05 Will DC CARINA CO3N 05/05 2t 05 2»/05 »/05 30/05 01 06 Wilt Dl SACIIIA
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      924 39 I BSA n. htitKk MYANMA wBBk five star line V (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kit Pen P Gdf RUVAI HUOHU VIR In Port MAPCAIAT V44W 21/22 Apr 23/25 Apr PAGAN V2O9R 22/24 Apr HPA AN ¥202* 2«/30 Apr MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES KUI TEI 03
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      1015 42 >'_''~')?^{@&.=~&@^{\^?{)"{/<^( /■HICROAHA lineA I (EX JUGOUNUA) 1 ffSSEL SPOBE PK PNG LOOTS FOR LOSMJ 09 MAY 11 MAY Alexandria. Aqaba. Beirut. Istanbul. Trieste. Koper. Lattakia. limassol. Mersin. P. Said. Riieka. Venice SLOVENIJA 25 MAY 28 MAY -do Gwitral Agents: EAST MOUNT AGENCY (PTE) LTD Saifapore Kuala Lumpw Port Kdant Penanf
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      166 42 /Cnorbul^ I NO"®**-* CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES MLAGRO 21/4 23/4 FIU/MT/UK I WMMSTOS 28/4 Sated FIU/ANT/NAN/W I FOR I NOftBULK TBN 20/4 DBN/EL I M.SO LOADS TG MAN! AND KK PK SWK/SABAH LOADING FOR NOftBULK NAIMR 2/5 XIAMEN/SHANGHAI SUBJECT TO CHANGE WITH/WITHOUT
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      666 43 FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 24/4 ROTTERDAM 24/4 AARHUS/COPENHAGEN 24/4 HAMBURG/BREMEN 24/4 MARSEILLE/FRANCE 26/4 FELIXSTOWE/UK 24/4 BARCaONA/SPAIN 25/4 LEHAVRE/FRANCE 24/4 GENOA/ITALY 25/4 ANTWERP/BELGIUM 25/4 LOS ANGaES/WC/n 24/4 SYDNEY/MELBOURNE 21/4 NEW YORK/EC 24/4 FREMANTIE/ADELAIDE 22/4 VANCOUVER 21/4 BRISBANE
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      995 43 IwmwasMmmwwuMMßm hi M VESSEL VO Y SIN JKT II B 1 I SUA BHUM 478 Fri 22/4 Tw 2S/4~ H] 1 BHATRA BHUM 2>S Sat 23/4 Tin 2S/4 IS F" Sat MUM 20«N Wad In Pt Sat 23/4 WANA BHUM 225S Tua 2>/4 Sat 30/4 mnM _Sun_ _2V4_ UM 15N
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      724 43 NATIONAL EXPRESS FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX *****58 I WEEKLY CHINA CONSOLIDATION ill ZHANGJIANG XIAMEN SHEKOU HUANGPU 5 GUANGZHOU HAIKOU FUZHOU XINGANG I SHANGHAI FUZHOU DALIAN SHANTOU AND ALL OTHER MAJOR COASTAL/INLAND DESTINATIONS VIA HONG KONG BARCELONA/MARSEILLE/GENOA
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      1482 44 ■bJUHMN CONTAINER LINES, INC 2h5/vs?|Aeeiti* mac-nils atoms mam unki) WW V 'c/* Mr ttMMM BIBU (064) *****9 KUCWNQ (062) *****3 PENAMQ: (*****4666 BANGKOK (662) *****67 MANILA (632) *****61 P-KELANQc (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWW/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 20/4 21/4
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      113 44 TITIMAS SHIPPING U a TRADING SDN. BHD. TITMaCT. KELANG (03)*****55 (H/Una) Fax: W *****03 The MA ***** TIOTA VESSELS VOY P KLANG PORT Of DESTINATION NEW LINE NO 1 5/94 14/4/94 MUARA/KK/MIW SUTRA W4 14/4/94 KUCMNG/SIBU HUA HONG SATU 5/94 20/4/94 MUARA/MIRI [SENG LEONG 6/94 20/4/94 KUOHNG/SI6U jESf PINESEAS MARITIME
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      210 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD IH 111 H* STOK PUT RILING PUNS an MK ?4/4 tl!4 loading lor Malt RUMI MINI 78 4 fcchjfging and loading lor Bombay DOLftW 30 4 77/4 loading Fot Male nam sum mi jo 4 n,4 loading for Mait UMEIDH Saritd loading
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      1087 44 JQL THONG SOON LINES PTE LTD 1 I 78 SHENTOH WAY #10-01. SINGAPORE 0207 I I Vy \y TEL: 227-5088 FAX: 227-6011 I TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK VESSEL VOY S PORE PEST VESSEL Tjjjf |STot£ IICST EQUATOR 111 119/4E 20 APR KUCHING
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      629 45 WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BttMBUK SOC CARGOES TO/FROM KOBE. YOKOHAMA. NAGOTA. MOI. lOK TO*, MAMIA* OAVAO*. Penant' P. Kelanj Smfapore EHsu* KAMALEVERETT V2OC 21/29 Apr SHAPLAEVERETT V2OE 02/03 May 04/05 May KARABEVERETT VI7E 25/26 May 27/21 May ACCEPT* WEAKBU.K FCI SOC CARGOES TO/FROM CMTTAGONG. CALCUTTA AID
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      245 45 Pi, BioiY umkim Mump REGULAR LIHER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 26/4 28/4 4/5 13/5 GLORY SELATAN V IN PT SP PKL HCM HK KAO GLORY SELATAN VI 15/5 ACCEPTMG HEAVY LFT/BREAKBULK
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      491 45 EGYPTIAN NAVIGATION P COMPANY ALEXANDRIA (EGYPTIAN GOVERNMENT LINE) IAfT ÜBITO I< COWnmOlldL wwci WSSI/WT VOH I MORE FO* na§K imou a 04 rt tuu/n su ui •iso Kari last khtuiuicmi ratis on mwcoot jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK A CONTAINER SERVICE vessel vor sm Karachi ISLAMABAD 120-HW 27/04
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      689 45 Ilißßßg FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CRT LOS HLH HE/104 26/04 09/05 10/ OS 12/ OS 27/05 VI HE/98 tl/OS 24/ OS 2S/OS 27/ OS 12/06 SHUN HE/103 26/ OS 09/06 10/06 12 06 27/06 TAO HE/84 11/06 24/06 25/06 27/06
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      342 45 SIN FAR EAST 26/04 KEELUNG/KAOHSIUNG 23/04 BANGKOK 24/04 MANILA/CEBU 24/04 JAKARTA/BELAWAN/SURABAYA 24/04 PORT KELANG/PENANG/E. MALAYSIA 24/04 BUSAN 24/04 TOKYO/YOKO/KOBE/NGO/OSA 24/04 HONG KONG S|N CHINA (+B*±*fen) 24/04 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 26/04 LDN/FLX/LVP/SOU 26/04 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SjN USA/CANADA 24/04 LOS
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      798 46 PHIU ORICNT LINfS PT€ LTD V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H^ A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION XSff AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 22 APR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 28
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      373 46 y Conterm CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 28 APRIL (Accepting to all Nm Zaaland porta) PENANG 22 APR JAKARTA 24 APR PORT KLAN€ 22 APR BANGKOK 24 APR MELBOURNE 21 APR STDNEY 21 APR FREMANTLE 26 APR BRISBANE 28 APR ADELAIDE 26 APR 23 APR I 'ACCEPTING TO ALL
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      348 46 This Week's Sailings Singapore I 1| FIRM FORWARDER IN lo: LID lo: ETD ASIA awarded Singapore Singapore ,so 9002 BV R Q A every every Bangkok SUN Jakarta SLN EVERY EVERY Manila SL'N Ho Chi Minh FRI EVERY EVERY Colombo TLE Limassol THL'R RTERNATIONAL SEA FREIGHT FORNARDMG M% Tel: Fax:
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      21 46 Calling: FAR EAST, INDIA, AUSTRALIA, NEW ZEALAND, EUROPE MIDDLE EAST, U.SJL oar CMT Liner Expmi Agencies Pte Ltd Hot Line: 22-007-22
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      1536 47 |SEAMA^irgentin]^lN^\2s^ CONTAINERISED "HUB" SERVICE I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I BASE PORTS VIA BUENOS ASICS VIA SANTOS wwai voy rras u—i santos mwwm ammo auncwn m v ~,it i b| r-innrnmin GREAT UNIVERSE OIW 10/05 09/06 12/06 14/06 11/06 12/06 15/06 16/06 (Direct) 1. Transhipment cargoes from P. Kelang.
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      365 47 CEYLON SHIPPING CORPN National Line of Sri Lanka CONTAINERISED SERVICE 10 LK AND NORTH CONTINENTAL PORTS *sai 101 m no hw iw "TrT Thaws www nmass mu 3 77 >4 03 w mil Bf lUCMW MM H(M 13 OS IS 85 17 (ft 14 (ft 11 (ft ttA wag 417W
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      547 47 |2 CONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.33 VOT •«o*rr£vioco Durban Jakarta Singapore hong hong kagosmma nagoya Yokohama OEKABRIST tip? t*A£D tAAID >**£0 SAILED SAILED SAILED 1S 16/04 20 21/04 N. KRUPSKAYA EBOB ***£0 WALO MAED SAILED 13 17/04 22/04 24 21/04 28 04 HMOAIA BBS 33 24/03 21/03 MAEB
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      531 48 WORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SHCAPORE MANILA VIGOUR PACIFIC 9417N 22/04 (FRI) 30/04 (SAT) VIGOUR PACIFIC 9417 AN 25/04 (MOW) 30/04 (SAT) EVCTY VIGOUR LUZON 9418N 29/04 (FRI) 07/05 (SAT) FRI MU VIGOUR LUZON 9418 AN 02/05 (MON) 07/05 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE
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  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      697 48 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1 5 1.7 20 22 2.4 2.5 2.4 2.2 1.9 1.5 1.2 1.0 0.9 09 10 1.2 1.4 1.7
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      827 49 I HYUNDAI MERCHANT M ABIMECO-LTO, WESTBOUND TO EUROPE BKG: *****61 PHA* PRE* PSD* VESSELS VOY I SM I RTM AWT* LEH* HUM BREt I FEL 20/04 22/04 23/04 H. FRONTER 310 M 25/04 13/05 14/05 16/05 14/05 14/05 17/05 27/04 29/04 30/04 SI FREEDOM 310W 02/05 20/05 21/05 23/05 21/05
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      Page 49 Advertisements Column 2
      482 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSU »OT 5 N «»c u RMSNW »M 17/4 21/4 PIOUS PMTM 13 21 4 22/4 SRI lUOII Ml 2C/4 21/4 RUM MUNI 13 7/S »/S OUTBOUND VESSELS LOADING FPU TOKYO COSMIC LEADER V 44 SP 2 5 PK
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      Page 49 Advertisements Column 3
      953 49 JEDDAH/UK/CONTNENT I S PORE M S lON HWRG ROAM LEH •Mm Accept!* Cirio For Ml 47/315 23/4 2/5 11/5 14/5 14/5 11/5 Soittunpta to MUR dntatan. B«H»t and Oubta LA SEN 35/114 27/4 14/5 17/5 19/5 Rotterdam to al Antwerp Amstndam Oils Hctudu HOECWI EXPRESS 14/314 30/4 9/5 11/5 21/5
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      61 50 I C il M.V. "GLOBE EMERALD" VOY.3 Arrived 14th April 1994 Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a general survey will be held on the 21st April 1994 0900 -1200 hours at PT 9. No further survey will be entertained thereafter. to Ag«nta:
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      Page 50 Advertisements Column 2
      4 50 Tomorrow in Business Times
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