The Business Times, 11 May 1994

Microfilm: NL19380
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times MITA(P) 010/12/93 Wednesday May 11 1994 WE KNOW ASIA 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon Dow up 24.99 points
      47 1 Reuter NEW YORK Wall Street stocks rebounded sharply yesterday. Advancing issues led declines 12-8 on trading of 170 million shares at the New York Stock Exchange at Ipm EDT. The Dow Jones industrial average was up 24.99 points at 3,654.03 at 2pm EDT.
      Reuter  -  47 words
    • Article
      Lock icon Yeltsin to boost defence spending
      44 1 UPI MOSCOW A Russian news agency yesterday reported that President Boris Yeltsin had bowed to pressure from Russia's powerful military lobby and agreed to boost defence spending, in a move which could scupper efforts to bring down inflation. UPI
      UPI  -  44 words
  • Article
    MARKET SUMMARY
    167 1 Stock market indices Tuesday Change STII 2,234.7 +12.3 KLSEComp 999.48 +8.85 Nikkei 19,917.78 +130.82 Hang Seng 8.540.09 +118.39 SF.T Index 1,228 +5.28 Jakarta Comp 463.05 -1.24 CLSA China B 984.55 -5.19 Aust All Ord 2,008.2 -1.1 FTSE 100 3,136.30 +38.5 Tuesday Previous 2pm close Dow Jones 3,654.03 3,629.04
    167 words
  • Article, Illustration
    Goodwood gets approval to redevelop part of hotel site
    514 1  -  By Lilian Ang SINGAPORE Ihe Goodwood group, controlled by tycoon Khoo Teck Puat and his family, has been given the go-ahead to build a 20-storey hotel block on part of its sprawling Goodwood Park Hotel site in Scotts Road. The proposed
    514 words
  • Article
    Most regional markets rally
    182 1 SINGAPORE Most of the region's stock markets yesterday managed to shrug off US interest rate fears by posting modest gains after several consecutive days of losses. In Singapore, brokers said investors were cheered by a stronger Hongkong market and a strengthening Malaysian ringgit. They also said
    182 words
  • Article
    Lock icon US to block Singapore's bid to host WTO ministers' meeting
    242 1 Reuter WASHINGTON In what some analysts said could be retribution for its caning of an American teenager. US I rade Representative Mickey Kantor said yesterday he would oppose Singapore's bid to host a key international trade summit. The analysts said
    Reuter  -  242 words
  • Article
    Offer still stands: ministry
    128 1 SINGAPORE Singapore's bid to host the first ministerial meeting of the World Trade Organisation in 1996 still stands, a Ministry of foreign Affairs spokesman said yesterday. He was responding to a Rcuter report, earlier in the day. which quoted US Trade Representative Mickey Kantor as saving
    128 words
  • Article
    Lock icon US$ strengthens on expectations of Fed move
    229 1 Reuter Knight-Ridder NEW YORK The dollar continued to forge ahead at the US midday yesterday as players bought the US unit on expectations of a coordinated move on rates by the Bundesbank and the Federal Reserve today. By midday, the dollar had broken
    Reuter; Knight-Ridder  -  229 words
  • Article
    Three men to be charged today for $2.5 million share scam
    508 1  -  By Quak Hiang Whai SINGAPORE Three men. including a remisier. will be charged in court today for suspected fraud involving shares worth about $2.5 million. In a statement last night, police said two of the men issued a series
    508 words
  • Article, Illustration
    Lock icon President Mandela
    23 1 Reuter PRKTORIA ANC leader Nelson Mandela taking the oath of offiec as President of South Afriea at Lnion Buildings yesterday. Keuter.
    Reuter  -  23 words
  • Article
    Sembawang confirms share sell-off
    355 1  -  By Paul Leo SINCiAPOKIi The Sembawang group yesterday confirmed a Hum new l ime s report that it has sold millions of dollars worth of shares in the past few days and it has yet not finished selling. Hut the group would not disclose details of
    355 words
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      199 1 t i =>-■»*. iTAIV La moda per fyjjfmno CONTENTS News Companies S'pote News 2 SporeM'sia .19.21,22 Regional News 3.4.6 financial 23.24 World News 8.9 Features Markets Analysis 17 CW)/KISI. SES 2830 Editorial 16 Regional 26 Spoits 11 World _..27 TV/Lifestyle 13 Currencies 24 Reg Analysis 14,15 Simex/Commo 24.25 Subscription Tel
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      20 1 Regional Analysis: Pg 14 Financial reform on the sub-continent Full reports, Pgs 26-30 Tclcdata IPO subscribed 92.6 times, Pg 19
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      27 1 Hock Lock Siew: Pg 19 IPC Corp changes course Editorial: Wake-up call from forex markets, Pg 16 Buba repo move may mean discount cut soon, Pg 9
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      149 1 The Bottom Line: Pg is j Easy-money policy at the Fed l ull report; PM Goh sends congrats; S African govt's chief priorities, Pg 8 Australia announces Aslo9b budget with Asll.7b deficit, Pg 18 p.". m mmmm «< And Let 71 Years' Expertise Work For You al r™w GR-2010 TRADE
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      2 1 IMMNM pwam
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Wired for growth
        345 2  -  By Anna Teo ELECTRON ICS-RELATED exports will continue to lead growth in the Singapore economy this year, says Kim ling Securities. Strong economic growth m the US of 3-4 per cent this year, and improving prospects for Europe in 1995, should bode well for Singapore electronics manufacturers.
        Source: EDB  -  345 words
    • Article
      HK electronics group setting up regional headquarters in Singapore
      423 2  -  B* Joseph Rajendran ELECTRONIC components maker Elec Eltek International. which has applied for a listing here, is setting up a regional headquarters in Singapore. Chairman David Soh said yesterday the Singapore firm which now covers PCB sales, marketing and engineering would
      423 words
    • Article
      Yokogawa wins pioneer status for control system
      284 2  -  By Juliette Walker YOKOGAWA Elcctric Asia (YAS) has won pioneer status for the hardware, engineering and software development of its new-generation distributed control system. The system called Centum CS is a process control and plant automation system based on an "open" architecture that
      284 words
    • Article
      Shangri-La voted world's sth best hotel in Euromoney poll
      200 2 THE Shangri-La in Singapore has been voted one of the world's best hotels in a poll carried out by UK-based Euromoney magazine. And SIA has been voted one of the world's best airlines. In the hotel stakes, the local 826-room flagship
      200 words
    • Article, Illustration
      Fair Price to buy 20,000 sq ft retail space in Jurong Parade
      235 2  -  be leased out. Photo and text by Arthur Lee Arthur Lee NTUC FAIRPRICE will buy 20.000 sq ft of retail space at the upcoming Jurong Parade shopping centre. Fair Price chief executive Lim Ho Seng says the centre
      235 words
    • Article
      S'poreans buy more Mercs than four Japanese makes
      381 2  -  By Dexter Lee WELL-HEELED Singaporeans are snapping up Mercedes-Benz ears at a record rate. The luxury European marque last year outsold Nissan, Mitsubishi, Suzuki and Mazda here by almost two to one. even though its cheapest vehicle costs two or three times
      381 words
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      391 2 11 The sign ot excellence PLAY SMART Be part of the good life. Lifestyle. Everyday. Business Times University of California, Berkeley —PRESENTS I COMPETITIVE MARKETING STRATEGIES I M 27 June -1 July 1994. Hyatt Saujana, Petaling Jay a A top-class program to develop and implement competitive marketing strategies to gain
      391 words
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      164 2 You just can't beat a Jetabout China tour. We use experienced English speaking guides and give you maximum flexibility of departure dates. China is a big country and we have a wide range of different tours to cover exactly the points of interest you want to see. Beijing Tour Hangzhou/Nuangshan/
      164 words
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  • SOUTH-EAST ASIA
    • Article
      HP to spend M$ 340m on new disk drive plant in Penang
      445 3  -  From Claire Leow in PENANG AMERICAN computer giant Hewlett Packard will spend MS34O million (SS2OI million) in the next three years on setting up its new disk drive plant in Penang. Within that period, it is expected to
      445 words
    • Article
      Lock icon Strategic location is M'sia's draw: Rafidah
      278 3 Bernama KUALA LUMPUR Malaysia's strategic location in the robust Last Asian region continues to be the strongest factor drawing foreign direct investments to the country. International Trade and Industry Minister Rafidah Aziz yesterday said competitive labour and production costs were added factors attracting LDI
      Bernama  -  278 words
    • Article, Illustration
      Lock icon Indonesia's US$ 450m Bapindo fraud trial gets under way
      460 3 Reuter JAKARTA Amid rowdy scenes in a packed Jakarta court, the first of six suspects charged over the Bapindo loans scandal which involves state losses of nearly US$45O million (SS7O2 million) went on trial yesterday. liddy Tansil, head of the Golden
      Reuter; AFP  -  460 words
    • ASIA NOTES
      • Article
        Lock icon Manila current account worsens
        70 3 AFP MANILA The Philippines' balance of payments surplus narrowed to US$BO million (SSI24 million) in January compared with US$l75 million in the same period last year, the Central Bank said yesterday. However, the current account position deteriorated to a US$3OO million deficit from a US$34 million
        AFP  -  70 words
      • Article
        Lock icon IMF official upbeat on Philippines
        57 3 AFP MANILA Lconomic reforms in the Philippines were praised yesterday by the International Monetary Lund's local representative. Howard Handy told local businessmen that the government's medium-term economic programme for which it is seeking IMI approval was a key factor. Approval of the programme will unlock
        AFP  -  57 words
      • Article
        Lock icon US bank keen to lend to Jakarta
        59 3 AFP JAKARTA The US Lxport-lmport (Lxim) Hank is keen to increase the How of its lending to Indonesia, especially through project financing, its chairman said here yesterday. Kenneth Brody said the bank saw special opportunities in Indonesia for the financing of infrastructure projects
        AFP  -  59 words
      • Article
        Lock icon Stiff competition
        84 3 AFP LUCENA, Philippines A candidate in district-level elections who died two days before the balloting has been declared the winner by poll officials. Mayor Joel Arago of Lopez town, southeast of Manila, said yesterday that Demetrio Salamat of Real village died of a heart attack two days before
        AFP  -  84 words
    • Article
      Lock icon Johor approved 135 projects worth M$ 1b last year
      237 3 Bernama JOHOR BARU Johor approved a total of 135 investment projects valued at MS 1.013 billion (*****.6 million) last year, with most of the projects focused on electrical and electronics items. Of the total, 72 projects were new investments while 63
      Bernama  -  237 words
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      453 3 I ITS A FACT. I I We're The No. 1 Selling Aircon In Singapore 8 years in a row! I FACT. In the recent Survey Research Singapore's (SRS) Home Appliances Index 1993, Sanyo Aircon came out top in all the categories featured in the survey. P US6 l€ S Modern/elegant
      453 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Deng looking forward to World Cup
        71 4 Reuter BLUING Chinese leader Deng Xiaoping is in such good health that he can't wait to watch this summer's World Cup soccer matches on television, his son told reporters yesterday. The paramount leader's son. Deng Pufang. echoing recent Foreign Ministry statements, dismissed as rumours
        Reuter  -  71 words
      • Article
        Lock icon HK 10-cent coins lose Queen's portrait
        70 4 AP HONGKONG Ten-cent coins to be issued here next week no longer will hear the portrait of Queen Lli/ahcth II as the territory prepares for Chinese rule in l l )97, the government said yesterday. A government statement said the Queen's crowned profile will
        AP  -  70 words
      • Article
        Lock icon China to launch 30 foreign satellites
        105 4 AFP HONGKONG China is to launch 30 foreign satellites over the next seven years, the official Xinhua news agency said on Monday. It quoted a senior Chinese official as saying that the launches would be carried out by the new Long March 3A rocket,
        AFP  -  105 words
      • Article
        Lock icon China, UK begin HK defence talks
        72 4 Reuter HONGKONG Britain and China began three days of talks yesterday on the future of Hongkong military sites with the Chinese side expressing hope for an early agreement but Britain sounding a note of eaution. Speculation is rife that the two countries are close
        Reuter  -  72 words
    • Article
      Lock icon Gatt chief wants issues blocking China's entry resolved quickly
      284 4 Reuter AFP BEIJING The director-gen-eral of the General Agreement on Tariffs and Trade (Gatt) Peter Sutherland urged a quick resolution of issues blocking China's re-entry into the world trading body, Xinhua news agcncy said yesterday. However, he added that the country
      Reuter; AFP  -  284 words
    • Article
      Lock icon Clinton may seek compromise on MFN for China
      583 4 Reuter WASHINGTON As the deadline for renewing China's trading status approaches, some analysts think United States President Bill Clinton will neither totally extend or reject Beijing's privileges but seek a compromise. The question of whether to renew Most Favoured Nation (MFN) trading
      Reuter  -  583 words
    • Article, Illustration
      Lock icon Oyster source of their income
      41 4 Reuter HUASHE, China Pearl farmers of this town in the coastal province of Zhejiang working the oyster-seeded waters of their 140-hectare pearl farm. The lustrous produce earned the farm 2.1 million >uan (5!>374,850) last year. Reuter
      Reuter  -  41 words
    • Article
      Lock icon Office rents in Hongkong's Central soar on flurry of new leases
      477 4 Knight-Ridder HONGKONG The average office rent in Hongkong's Central business district soared in April as a flurry of new leases in key buildings lifted the average. The Vigers Knight-Ridder Property Index, released yesterday, showed rents in the Central business
      Knight-Ridder  -  477 words
    • Article
      Lock icon Foreigners offered perks to invest in transport projects
      254 4 UPI BLUING China yesterday slashed tax rates and offered profit sharing in return for foreign investment in its over-bur-dened transport infrastructure. "Foreign funds will surely have bright prospects," the official Xinhua news agency said, in a long article which read more like
      UPI  -  254 words
    • Article
      China headed for jingle-digit growth, inflation: report
      558 4  -  By Chuang Peck Ming SINGAPORE If the Chinese government eould keep up with its tight polieies in the next three to six months, there would be a soft landing lor the Chinese economy, with growth and inflation falling to single-digit levels next year,
      558 words
    • Article
      Lock icon Beijing takes steps to keep foreign-funded companies in check
      387 4 AFP IHT BEIJING China yesterday announced a series of measures to keep foreign-funded firms in cheek, including establishing trade unions in all such enterprises by the end of the year to curb labour exploitation. Other steps include tighter controls to prevent
      AFP; IHT  -  387 words
  • Page 4 Advertisements
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      161 4 NO-HIDDEN-COST PACKAGE *$120 nett, single twin occupancy with complimentary breakfast. H «iHbUI That's right. We present the full cost to you. No extra charges, no hidden cost that'll shock you with your bill. And you enjoy the comfort and luxury of extra spacious rooms, 24 hours food and entertainment services
      161 words
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      109 4 After the tough talk, the kid gloves now, Pg 17 FULLY LEASED INVESTMENT Data General House 225 Greenhill Road Dulwich South Australia DATA GENERAL AUSTRALIAN CASUALTY LIFE LEO BURNETT BYELLOW PAGES IflH \mm\ iiiht pBBI 1 Ifl I -Uil'M income $567,000 per annum Lettable 3082 sq. 126 Carparks I J
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      615 5 Welcome to the new Bugis Junction office tower at 230 Victoria Street. An exquisitely designed corporate building with a location that's indeed enviable. And an environment that's sheer excitement. Located in the renowned Bugis district, the office tower at Bugis Junction stands conveniently above the Bugis MRT Station. While the
      615 words
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Hata proposes controversial hike in consumption tax rate
      544 6 Bloomberg Business News Reuter Asahi TOKYO Prime Minister Tsutomu Hata proposed a controversial hike in Japan's consumption tax rate in his policy speech to the Diet on May 10, fueling the belief that his administration will be short-lived. Hata's government is already
      Bloomberg Business News; Reuter; Asahi; AFP  -  544 words
    • Article
      Lock icon S Korea eases foreign exchange controls
      288 6 AFP SEOUL South Korea announced yesterday measures to ease foreign exchange controls, allowing individuals to freely buy and hold foreign currency and reducing red tape on overseas payments by business firms. Under the measures, effective July 1. individuals will be allowed to freely buy
      AFP  -  288 words
    • Article
      Lock icon India's inflation poses dilemma for central bank
      581 6 Reuter BOMBAY India's central bank faces a dilemma when it announces its new credit policy on Saturday, with inflation growing but a three-year industrial slump far from over, bankers said yesterday. They said the Reserve Bank of India (RBI) would have to perform
      Reuter  -  581 words
    • Article
      Japan's recession will continue through 1994: study
      390 6  -  By Vikram Khanna SINGAPORE: Japan s economic recession, which completed its 36th month in April, shows no concrete signs of bottoming out, according to a recent study by a senior economist of the Japan Research Institute. Writing in the Spring 1994 issue of
      390 words
    • Article
      Lock icon Output, consumer spending faltering, Japanese economic agency warns
      432 6 Bloomberg Business News TOKYO Continued strength in housing investment and manufacturers' success in working off inventories have been cited by Japan's Economic Planning Agency as positive signs for the economy. However, consumer spending and industrial production show signs of faltering after improving
      Bloomberg Business News  -  432 words
    • Article
      Lock icon India's Bill on bank sell-offs proceeds despite strike threat
      373 6 AFP NEW DELHI The Indian government moved a controversial Bill in parliament on Monday seeking to allow stateowned banks to sell a portion of their equity to beef up their capital base. Finance Minister Manmohan Singh presented the Bill for parliamentary
      AFP  -  373 words
    • Article
      Lock icon Fear that new Sri Lankan welfare plan will fuel inflation
      542 6 Reuter COLOMBO A vote-catch-ing spending spree by the Sri Lankan government costing almost 18 billion rupees (***** million) could trigger higher inflation, a senior government economist said yesterday. "The new welfare handouts announced by the government cost 18 billion rupees
      Reuter  -  542 words
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      174 6 Tl POTASS Luxury The Parklane Suites at the Goodwood Park Hotel offer more than just prestigious at the service apartments that cater to your every need. They offer Practical Luxury. With facilities such as 24-hour room service, six restaurants, two swimming PARKLANE WI N G pools, fitness centre, launderette, plus
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      8 6 Sri Lanka's experiment in market economy, Pg 15
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      570 7 I $I I Next to the Katong s East Coast Park Lagoon, I I at a rare waterfront location. t| I Phase 3 open for sale now. I Do not miss out on this exceptional opportunity. I LINKED BY AN UNDERPASS TO I I EAST COAST PARK AND EAST COAST
      570 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Belgium cuts key interest rates
        78 8 AFP BRUSSELS The National Bank of Belgium trimmed several key interest rates by 0.05 percentage point here yesterday. The Belgian central bank cut the directive central rate from 5.50 to 5.45 per cent, and the rate for overnight advances to financial institutions within their credit
        AFP  -  78 words
      • Article
        Lock icon US tops UN list of deadbeat members
        106 8 AFP UNITED NATIONS The US remains at the top of the United Nations' list of deadbeat members with a debt of USS 1.18 billion (SSI.B billion), according to figures released here on Monday. As of April 30. the US owed USSS3I million for
        AFP  -  106 words
      • Article
        Lock icon EU to revise growth forecast upwards
        79 8 Bloomberg Business News BASLE. Switzerland The European Commission will today revise upwards its forecast for economic growth in the European Union this year and next. Henning Christophersen, commissioner in charge of economic affairs, said yesterday. "We have revised our growth forecast upwards because the
        Bloomberg Business News  -  79 words
      • Article
        Lock icon UK renews threat over cow disease
        102 8 Reuter LONDON Britain yesterday renewed its threat of legal action if Germany bans British beef imports because of a health scare over mad cow disease. Germany, citing fears that meat from cattle infected with the fatal brain disease could endanger human health, has said
        Reuter  -  102 words
      • Article
        Lock icon Balladur won't rule out nuclear tests
        71 8 AFP PARIS Prime Minister Edouard Balladur did not aile out the possibility of France eventually resuming nuclear tests yesterday in a statement that contradicted earlier comments by President Francois Mitterrand. Speaking during closing ceremonies for the 46th session of the Institute of Higher Studies
        AFP  -  71 words
    • Article
      Lock icon Israel, PLO in emergency talks
      288 8 AFP GAZA CITY, Occupied Gaza Strip Israel's chief autonomy negotiator held emergency talks here yesterday with Palestinian police chiefs after a week of delays in the arrival of Arab policemen. General Amnon Shahak, who led the Israelis at self-rule negotiations in Egypt, headed a delegation
      AFP  -  288 words
    • Article
      Lock icon Clinton, Hata discuss trade, fuelling hopes of new deal
      469 8 Reuter WASH INCHON President Bill Clinton talked trade with Japanese Prime Minister Tsutomu Hata on Monday, fuelling hopes the two sides might soon return to the table and negotiate a new economic deal. "This conversation certainly didn't discourage us in any
      Reuter  -  469 words
    • Article, Illustration
      PLO seeks to tap Singapore's experience
      432 8  -  From Agnes Chen in JERUSALEM THE Palestine Liberation Organisation wants to tap Singapore's experience in job creation, housing and port management. This message was conveyed by two PLO representatives from the Israeli-occu-pied Gaza Strip, to a senior member of the visiting Singapore delegation in
      432 words
    • Article
      Lock icon BBC, Pearson tie up to launch 2 satellite TV stations in Europe
      218 8 AFP LONDON The British Broadcasting Corporation and media giant Pearson yesterday said they would launch two satellite television stations in Europe, aimed at a joint expansion of their interests around the world. A news and information station will
      AFP  -  218 words
    • Article
      Lock icon Mandela sworn in as president, urges healing of wounds
      453 8 Reuter PRETORIA Nelson Mandela took over as South Africa's first black head of state yesterday in a ceremony mingling pomp with African tribal tradition. Mr Mandela urged South Africans to forget the bitterness of their apartheid past and to unite to
      Reuter  -  453 words
    • Article
      Chok Tong congratulates Mandela
      150 8 SINGAPORE Prime Minister Goh Chok Tong sent a message of eongratulations to newly-installed South African President Nelson Mandela yesterday. "This was no ordinary election," the prime minister noted. "It took place only after decades of struggle and great sacrifice. V'ours and the ANC's success is a
      150 words
    • Article
      S African govt to make reconciliation, growth its priorities
      241 8  -  By Susan Szarkowitz SINGAPORE The newlyelected administration of President Nelson Mandela will make national reconciliation and economic growth its chief priorities, officials said yesterday. And Singapore will be one of the foreign investment sources that the new ANC-led government will look
      241 words
    • Article
      Lock icon Japan agrees to help Pentagon acquire advanced technology
      464 9 NYT TOKYO In a development long sought by the Pentagon, Japan's government has agreed to help the Ameriean military acquire advanced Japanese commercial technology such as Hat-panel displays and composite materials for use in American weapons. Washington hopes the new defence-related technology
      NYT  -  464 words
    • Article, Illustration
      Lock icon Major may backtrack on Europe referendum
      345 9 Reuter LONDON Prime Minister John Major may be ready to reconsider his opposition to a referendum on European integration in an attempt to unite his divided party, British newspapers said yesterday. Mr Major, his faltering hold on power weakened by a crushing defeat for
      Reuter; AFP  -  345 words
    • Article
      Lock icon Buba repo move may mean discount cut soon: analysts
      462 9 Reuter FRANKFURT Germany's powerful Bundesbank sanctioned another small cut in a key money market rate yesterday and economists expected the move to be backed by a discount rate cut either today or later this month. The Bundesbank allowed its securities repurchase
      Reuter  -  462 words
    • Article
      Lock icon Christopher backs observers for Mexican vote
      476 9 Reuter MEXICO CITY US Secretary of State Warren Christopher ended a two-day trip here on Monday with a plug for international observers to attend Mexico's August presidential election. Mr Christopher, who led a large US delegation in talks at the annual meeting of the
      Reuter  -  476 words
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      Page 8 Advertisements Column 1
      80 8 KENNEDY-WILSON INTERNATIONAL. REAL ESTATE MARKETING AND INVESTMENT SERVICES Tender Sale PRIME U.S. COMMERCIAL REAL ESTATE An outstanding collection of commercial real estate located in Los Angeles, New York, Dallas, Miami, Seattle and other major U.S. markets. AN EXCELLENT INVESTMENT OPPORTUNITY Office Buildings Arcades Development Land Sites Luxury Manhattan Residential Condominiums
      80 words
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      171 8 to Beijing In Shanghai to Shwhen For enquiries, please call: rrc Shangri-La Beijing Hotel Equatorial Shanghai Shangri-La Hotel China National Publications NSS Tho Stiuits illllOS jgl gjj Yanshan Hotel Yangtze New World Hotel •Forum Hotel Imports export Corporation .r-~.iu/ncu m. cl l-vwj- -rim j Asean considers extendi™" Great Wall Sheraton
      171 words
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      186 9 pyLONDON 5.30 AM ROME 7.15 AM lt fn _i jafc#litfojg x V r "irki W FRANKFURT 7.20 AM m PARIS 9.35 AM QANTAS TAKES A FRESH APPROACH TO EUROPE 24 TIMES A WEEK. When you fly Qantas to Europe, you'll the little extra thought we've put into our service that
      186 words
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  • WORLD FOCUS
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      2109 10 ASIA BUILDING SOCIETY LIMITED AND ITS SUBSIDIARIES (Incorporated in the Republic of Singapore) (A member of the Keppel Group) BALANCE SHEETS AS AT 31 DECEMBER 1993 5. loans receivable GROUP COMPANY QBQUPAHD COMPANY 1993 1992 1993 1992 J*" I _™V Note SS'OOO SS'OOO SS'OOO SS'OOO w M civcn 4CCCTC i
      2,109 words
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  • SPORTS
    • Article, Illustration
      Lock icon Seve may get special call to play in US Open
      520 11 Golf US golf official says Ballesteros may gain place as St Mellion win over Faldo shows return to form AFP LONDON Seve Ballesteros's first victory for 26 months in the Benson and Hedges International on Sunday looks likely to earn
      AFP  -  520 words
    • Article
      Lock icon Russian double act takes tennis by storm
      546 11 AFP PARIS Andrei Medvedev and Yevgeny Kafelnikov form a double act that could run and run. In the world of tennis where so many players take themselves seriously the Russian soul-mates provide a welcome contrast. But their opponents are not finding it so
      AFP  -  546 words
    • Article, Illustration
      Lock icon Here, you have him!
      49 11 Reuter TOKYO Hawaiian-born sumo wrestler Ozeki Mussashimaru pushes Konusubi Terao out of the ring as the referee (right) tries to avoid Terao's fall during MussashimanTs win on the second day of the 15-day grand sumo tournament at Tokyo's Kyogoku Kokugikan Sumo Arena on Monday. Neuter
      Reuter  -  49 words
    • Article
      Lock icon Case of the missing seven-footers
      740 11  -  Bulls coach Phil Jackson decides to light a torch under his team after 90-86 loss to the Knicks From Ira Berkow NYT in NEW YORK THE inscribed lines begin, Give me your tired, your poor, your huddled masses yearning to breathe free... And so Phil
      NYT  -  740 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Badminton
        83 11 Reuter JAKARTA I homas Cup finals Tuesday: Indonesia took a winning 3-0 lead over Finland. Results (Indonesian names first): Joko Suprianto beat Robert I.iljequist 15-3, 15-4; Heriyanto Arbi beat Jyri Aalto (Finland) 15-5 15-7; Ricky Subagya/Rexy Mainaky beat Tony Tudminen/Minaer Scgcrkcrant/. 15-4 15-5. Women's liber Cup luesday: China took
        Reuter  -  83 words
      • Article, Illustration
        Baseball
        58 11 NKVV YORK Major league Monday American: Boston 4 Milwaukee 7; NY 4 Cleveland 3; Baltimore 4 Toronto I; Chicago 2 Seattle 3; Kansas City 5 Minnesota 9; Texas 11 California 3. National: SF 12 Colorado 5; Florida 5 Pittsburgh 9; Montreal 4 NY 5; Atlanta 7 Philadelphia 2; St
        58 words
      • Article, Illustration
        Lock icon Basketball
        97 11 Reuter NKW YORK Houston Roekets centre I lakeem Olajuwon on Monday was named the NBA Defensive player of the Year for the second consecutive season. Olajuwon. who anchored a defence that set a Rockets club record for fewest points allowed, edged San Antonio centre David Robinson in one of
        Reuter  -  97 words
      • Article, Illustration
        Lock icon Cricket
        270 11 AEP AFP ISLAMABAD Pakistan's former test captain Iniran Khan has rcignitcd the ball tampering controversy by saying he had used the practice himself. Imran said the practice is as old as the game itself and said it was widely carried out in Fngland without anyone ever be- ing tailed
        AEP; AFP  -  270 words
      • Article, Illustration
        Cycling
        87 11 ROANOKK, Virginia Stage 5 of the lour DuPont race leading results Monday (36.85-km Koanoke Vail) time trial); I Viatchcslav Ekimov (Rus) 57 minutes 17 seconds 2 Andrea Chiurato (Ita) 57:41 3 l ance Armstrong (US) 57:53 4 Andrea Peron (Ita) 58:53 5 Phil Anderson (Aust) 59:15 (herall leaden after
        87 words
      • Article, Illustration
        Lock icon Golf
        97 11 AP DALLAS I'im Einchcm. a White House adviser during the Carter Administration and the current deputy commissioner of the PGA four, will succeed IX'anc Bcman as commissioner June I. Einchcm was a unanimous choice of the four's Tournament Policy Board to succeed Bcman. who announced on March I that
        AP  -  97 words
      • Article, Illustration
        Lock icon Rugby
        107 11 AFP LONDON Nigel Redman brought more honour to double champions Bath when he was named Player of the Season at the inaugural Rugby Union Awards dinner. The lock, who made his international debut 10 years ago. was recalled to play a key role in England's win over the All
        AFP  -  107 words
    • Article
      Big Walk — not too late to sign up now, but take it easy
      502 11  - Big Walk not too late to sign up now, but take it easy BIG WALK '94 By Shahiron Sahari SINGAPORE Just 11 days to go to The Now Paper Big Walk, and you haven't signed up yet should you even think about taekling the 10kilometre race? Rainer Paul, Singapore's new
      502 words
    • Article
      Lock icon To race the sport of kings, it helps to be one
      419 11 Bloomberg Business News SAN FRANCISCO Consider that Triple Crown winner Seattle Slew, acquired for a mere U5517,500 (5527,125), earned millions of dollars in stud fees, and it's easy to imagined there are plenty of blue chips in the blue
      Bloomberg Business News  -  419 words
  • Page 11 Advertisements
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      105 11 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 JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA Q DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K.
      105 words
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      994 12 Nothing Bests A Bud. where to wine, dine and entertmn OF FRESfI PASTA ©Al LY. W From Pasta Fresco. The only restaurant to make its own specialty pasta. Fresh. everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Frtsca Da Sotvator* Pit ltd 30
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      278 12 *%pmtNTQ THZE^/TWENT.^ Enjoy an unforgettable evening of 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 7th floor Ovn*» Union Houk. CoOyrr Quay Singapore 0105 Tri 224 »22 h
      278 words
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  • LIFESTYLE
    • Article, Illustration
      Partial success
      778 13  -  High camp brings low points to Lim Siauw Chongs reworking of Private Parts, writes Jaime Ee Jaime Ee Michael chiangs Private Paris went on show again this past couple of weeks, but the debate it raised this time wasn't so much whether transsexuals are misunderstood souls in sophisticated
      778 words
    • Article
      Streisand lashes critics of her US$542-a-seat 'final' show
      719 13 CHATTERBOX ON THE eve of her first American concert tour in 28 years, Barbra Streisand lashes out at her critics in a rare interview in the latest issue of Time magazine. To those who complain about the US$35O (*****) top price for
      719 words
    • Article, Illustration
      Lock icon Dan Quayle takes a firm stance
      39 13 Reuter NEW YORK Former US vice-president Dan Quayle holding a copy of his new book. Standing Firm, at a bookstore here. Hundreds of shoppers waited in line to get their copies signed. Reuter
      Reuter  -  39 words
  • Page 13 Advertisements
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      95 13 EXTRA! EXTRA! EXTRA! Here's fabulous news for those who believe in Value for money. Besides our usual hearty spread of local favourites, our Executive Chef has lavished additional cuisines such as Laksa, Chwee Kweh with Chai Poh, Bread and Butter Pudding and many others with absolutely NO CHANGE IN PRICE.
      95 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1347 13 TV RADIO Rose the SBC 12 War. on opposite sides still find to wrestle love Jf Christopher Reeve 'JMJ** and Madolyne Smith Osborne. y Mk ;M~ Kea-Mountain Parrot, Wf\ JSmk Mm I m The Kea of New Zealand is <-4&* t one of the largest parrots *vf* around. It garners
      1,347 words
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  • REGIONAL ANALYSIS
    • Article, Illustration
      Pakistan's financial reforms taking root
      836 14  -  The sub-continental race towards financial reform ZAFFAR ABBAS ZAFFAR ABBAS The writer is the bureau chief of The Herald Magazine in Islamabad FROM bureaucratic management to an open market economy. This is the vision of change which many businessmen hold for the future of Pakistan.
      836 words
    • Article, Illustration
      Bangladesh: still a bystander
      953 14  -  MOAZZEM HOSSAIN MOAZZEM HOSSAIN The writer is the editor of The Financial Express, and is based in Dhaka Bangladesh, one of the poorest countries in the world with per capita income of only US$22O (SS34I), is bracing itself for globalisation. The country's structural reforms have yielded
      953 words
    • Article, Illustration
      Lock icon Sri Lanka's experiment in market economy
      1072 15  -  The sub-continental race towards financial reform ROLAND EDIRISINGHE ROLAND EDIRISINGHE The writer, an economist by training, contributes to The Economist and the Economist Intelligence Unit and has published a book. Sri Lanka an Emerging Business Centre During 1947-48. Ceylon, as Sri Lanka was then
      Reuter  -  1,072 words
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      379 14 i Singapore# rr\ Business Times we know asia Batam: f f 11 TJ Cooumertlai Sermcet has landed: gassa 5 rukau Bat am TeL *****2/3 Fax:*****2 I f T Snia Peak Stem I Block 'D' Hainan Association Bldg V Jala* Pretty, Kuala Btkat K P.O. Box 410, Kuala Brian 6004 f\
      379 words
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      38 15 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OassiFlNE^ ■ririiiHii'riiirmiairiii'TniJ ca£* An SPH AudloTn Jtrvlet
      38 words
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      Page 15 Advertisements Column 2
      33 15 APARTMENT LIVING i I Isn't Just I Counting Rooms. It's about creating a lifestyle you can count on. BR Horn* Improvement. Financial advlee. Gardening. Celebrity hornet. I More than Just another decor magazine.
      33 words
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  • Article
    Wake-up call from forex markets
    563 16 EDITORIAL CENTRAL bankers of the world's leading industrial eountries will no doubt take comfort from their successful intervention last week to arrest the US dollar's decline. That intervention was needed; a free-fall of the greenback particularly against the yen would have been dangerously destabilising. It
    563 words
  • WHAT THE OTHERS SAY
    • Article
      Weed out HDB subsidy abusers
      273 16 THE GOVERNMENT is reviewing measures to achieve a better balance between the interests of HDB first-timers and those of upgraders. This sorely needed review should be done speedily, for the sake of young people wanting to set up home and start a family and because
      273 words
    • Article
      Show thy charity
      129 16 SAVING LIVES is part of a Muslim's charitable deeds. This was the main highlight of the recent seminar on kidney donations and challenges facing Muslims in this region. The seminar saw distinguished ulamas (Muslim intellectuals on Islamic jurisprudence) from the region. Saudi Arabia and Egypt share their
      129 words
    • Article
      Slow business in the CBD
      209 16 A SURVEY by the Singapore Retailers Association shows that the implementation of the Whole-Day Area Licensing Scheme has brought about a decline in turnover for at least a fifth of its members in the Central Business District (CBD) for the first quarter of the year.
      209 words
    • Article
      Start shutting those doors
      173 16 IT MAY SEEM that of all the requirements set out in the new traffic law, closing doors should be one of the easiest for city bus crews to comply with. That this is not so, however, should be clear to anyone who has been on the
      173 words
    • Article
      Auguring better ties
      151 16 MUCH OF Washington's insensitivity and dogmatism arises from its distance, both literally and metaphorically, from those affected by its policies. Last Saturday's Clinton-Mahathir meeting, however, showed that when this distance is physically bridged, considerable space can be found for common ground. Part of the reason why that
      151 words
    • Article
      Tackle troubled waters
      123 16 CHINA and Vietnam will attend the Asean Regional Forum (ARF) meeting in July as guests along with a host of other powers with regional security interests, including Russia and the US. The tentative agenda is stacked with events to foster a spirit of conviviality and confidence among
      123 words
  • Article, Illustration
    Russian arithmetic that doesn't add up
    1136 16  -  Craig Copetas examines how Russian leaders are using an IMF fiscal policy camouflage to fund shady business, organised crime and capital flight Craig Copetas The writer, a Paris-based journalist, spent six years in Moscow as a news correspondent and is author oj Bear Hunting
    1,136 words
  • Page 16 Advertisements
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      297 16 ITTor over two decades Singapore Business has M covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other 11 f publication. Some may call it an unfair advantage. IJ I 11\/I We at Singapore Business
      297 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      103 16 > LITTL-C UoUiTe LOnvi /-mße's f\ Neu) me\rA r wess -rel) Sin? we i I Bottoms Ddu)vJ I STPvRTtMG IN RCCOUMTS J \PCPPL UC J HOO? 8?0*T... J IP X /N -ff i<!§& cs§ 43ib fS% 9(86 N. C ASSOCIATEO WtWSP»>>€«» CTO. IMMM4 I I"" 1 1 .'X DOONESBURY GARRY
      103 words
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  • ANALYSIS
    • Article, Illustration
      After the tough talk, the kid gloves
      1679 17  -  Leon Hadar finds American moves on currency and trade reflecting a possible shift in aggressive US policies towards Japan and China Leon Hadar The writer is BT's Washington Correspondent EARL.IFR this month. US officials were expressing privately a sense of guarded satisfaction over
      1,679 words
    • Article, Illustration
      Lock icon Currencies all a bit groggy
      1411 17  -  Samuel Brittan says it is now up to the Japanese to take further measures to expand demand and curb the appreciation of their currency Samuel Brittan FT THE BACKGROUND to the surprise concerted intervention to support the dollar is that all the world's currencies are
      FT; Source: Datastream  -  1,411 words
  • Page 17 Advertisements
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      411 17 30 YEARS OF DEVELOPMENTS ADDHAK TECHNOLOGY PRODUCESTHE «mb» g uamt Kup Are you right for the Ooyou SINGLE HAK SYSTEM? r? The secret is to act quickly and seek help when you see the first signs of hair loss. Try the ettei'. mirror test Get as close to the mirror
      411 words
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  • Article
    Lock icon Bentsen urges American business to help push through Gatt Bill
    413 18 Washington Post Reuter WASHINGTON United States Treasury Secretary Lloyd Bentsen warned on Monday that legislation to carry out the new global trade agreement is in trouble and he urged American business to "get busy" saving it. In a wide-ranging session
    Washington Post; Reuter  -  413 words
  • Article
    Lock icon China's commission gives up central planning
    267 18 Bloomberg Business News BEIJING China's State Planning Commission has formally renounced central planning, the official People's Daily reported yesterday. But Western economists say the commission has moved centrestage recently as the government battles to cool the economy. According to a decision by the State
    Bloomberg Business News  -  267 words
  • Article, Illustration
    Lock icon Canberra announces A$ 109b budget with A$ 11.7b deficit
    475 18 Bloomberg Business News AFP Reuter CANBERRA The Australian government yesterday unveiled a Aslo9 billion (*****.6 billion) budget with an A 511.7 billion deficit, higher than investors wanted but in line with what most expected. Treasurer Ralph Willis told Parliament yesterday that
    Bloomberg Business News; AFP; Reuter; REuter  -  475 words
  • Article
    Lock icon HK likely to face currency crisis in the three years before 1997: analyst
    288 18 Bloomberg Business News HONGKONG The territory will probably face a currency crisis in the three years before it reverts to Chinese sovereignty in 1997. said leading investment strategist David Roche yesterday. "I think there is a serious
    Bloomberg Business News  -  288 words
  • Article, Illustration
    Fed's easy-money policy unlikely to combat inflation
    856 18  -  The Bottom Line PAUL ROBERTS PAUL ROBERTS The writer is chairman of the H 'ashtngton-hased Institute for Political Economy. Reproduced from Business Week Intl by special permission. Copyrighted hv McGraw-Hill. Inc. All rights reserved. PRESIDENT Bill Clinton's choices for two Federal Reserve Board
    856 words
  • Article
    Lock icon AT&T wins US$ 4b Saudi contract, Sweden's Ericsson cries foul
    453 18 Reuter Bloomberg Business News NEW YORK AT&T Corp said on Monday that it has won a hotly contested USS4 billion (556.2 billion) contract to expand Saudi Arabia's telephone system, the largest telecommunications contract ever granted outside the United States. "After
    Reuter; Bloomberg Business News  -  453 words
  • Page 18 Advertisements
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      359 18 \>*`?^?!&}(<`*-`$^]^.;@[&|~"=*/ 4 i Getting Your Banker To Say 'Yes' a Writing and Presenting A Business Plan Having an effective business plan serves as an important tool for raising funds for J t your business from banks, government development agencies, venture capitalists and other providers of funds. This 3-hour talk helps
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      Page 18 Advertisements Column 2
      10 18 Put The Straits Times Classified to work for you today.
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      Page 18 Advertisements Column 3
      67 18 Ul ipKAISER L «£fCFTCHEN SYSTEM furong East St 21, ®§,«M fit 4 g #***** J&j&flgapor.? 2260. Tel: *****03 Hours 11 am to Bpm Daily SINGAPORE KJJALA LUMPUR NGEEANN ODEON TOWERS gj MENARA IMC CITY |Opp. Raffles (Opp Shangri-La Hot#)) (Orchard Road) Hot#, l CS ;v fl Quality Serviced Offices Tel:
      67 words
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  • COMPANIES & MARKETS
    • Article
      Haw Par Brothers offloads entire Setron stake
      397 19  -  By Schutz Lee SINGAPORE Maw Par Brothers International Ltd yesterday announeed it has sold its entire 26.8 per cent stake in Setron (Malaysia) Bhd, just five days after Setron's former managing director managed to halt the extraordinary general meeting last week. In a
      397 words
    • Article
      Teledata is second highest subscribed IPO this year
      304 19 SINGAPORE Enthusiastic response from both institutional and retail investors has made Teledata shares the second highest subscribed initial public offering (11*0) this year. Preliminary figures show that the communications systems supplier's float was subscribed by a whopping 92.6 times. This means that
      304 words
    • Article, Illustration
      Lock icon Daimler-Benz makes lacklustre SES debut
      278 19  -  By Juliette Walker SINGAPORE DaimlerBenz shares made hardly a ripple yesterday during their first day of trading on the Stock Exchange of Singapore. A trickle of investors bought 160 Singapore depositary receipts (SDRs). equivalent to 16 common shares, at U5553.50 per SDR. The quiet debut
      AFP  -  278 words
    • Article
      IPC Corp changes course on the road to China
      808 19  -  HOCK LOCK SIEW By Schutz Lee SINGAPORE In China, do as the Chinese do. And if you are prepared to do so quickly enough, you may find one door opening just as another is closing, even if it was not the
      808 words
    • Article
      Chemical Industries invests £7.6 m in 2 UK buildings
      194 19 SINGAPORE Chemical Industries (Far Last) has invested £7.6 million (5517.48 million) in two commercial buildings in London. It has also tied up with a British company to develop residential units in the exclusive area of Highgate, north London, at a cost
      194 words
    • EYEon your STOCKS
      • Article, Illustration
        MARKET MOOD
        43 19 Weak Market Mood' indicates the likely trading sentiment today, fused on brokers (foiled at >-6nm yesterday Overnight events may alter sentiment Hrokers polled: Alliance, liaiwa. (>k Goh. Kay litan. Morgan Grentell. Ongco. Phillip. Smith Xe* Court. U'l Can and SO Warburg.
        43 words
      • Article, Illustration
        HOT STOCK
        125 19  -  -By Quak Hiang Whai Tat Bank shares, which have attracted activity in recent days, look headed for more selling. But the good news is that any drop in price is likely to be measured. The bottom could be around $4. as the daily RSI is close to oversold
        125 words
    • COMPANIES
      • Article
        Linatex confirms approval for revised restructuring scheme
        626 21  -  From Ho Kay Tat in KUALA LUMPUR LINATEX Process Rubber Bhd yesterday confirmed that it has received key regulatory approvals for a restructuring scheme that will transform it into a financial house by buying a stockbroking firm and the sole Malaysian branch of
        626 words
      • Article
        Keppel joint venture goes into ATE maintenance
        180 21 SINGAPORE Logistics Instrumentation Services Technologies (List), a 50-50 joint venture between the Keppel Group and the French Thomson-CSF group, is venturing into automatic test equipment (ATE) maintenance. The company has signed an agreement with Globe Tech International of the US to jointly explore
        180 words
      • COMPANY BRIEFS
        • Article
          Hotel Props acquires company
          31 21 SINGAPORE Hotel Properties Ltd has acquired a newly incorporated company. Lake Hills Investments Pte Ltd, which has an authorised capital of $100,000 and paid-up capital of $2.
          31 words
        • Article
          New head for MAS soon
          98 21 KUALA LUMPUR Malaysian Airline System Bhd (MAS) customer services director Abdullah Mat Zaid is expected to be appointed acting managing director of the national carrier, taking over from managing director Kamaruddin Ahmad. Sources yesterday said Mr Abdullah would assume the position in June when Mr
          98 words
        • Article
          Lock icon Genting in deal with Genting Int'l Public
          100 21 Bernama KUALA LUMPUR Genting Berhad has proposed entering into an arrangement with Genting International Public Ltd Co (GIL) to buy the entire issued and paid-up ordinary share capital of Genting International Paper Holdings Ltd (GIPHL). Genting has also proposed a one-for-two bonus issue
          Bernama  -  100 words
        • Article
          Lock icon Pernas makes M$ 48m pre-tax gain
          85 21 Bernama KUALA LUMPUR Pernas International Hotels and Properties Berhad has reported a group pre-tax profit of M 548.261 million (5528.4 million) for the 13 months ended Jan 31, 1994, up 5.56 per cent from M 545.718 million previously. Announcing its unaudited preliminary results yesterday,
          Bernama  -  85 words
        • Article
          Lock icon Kretam's acquisition terms revised
          76 21 Bernama KUALA LUMPUR The Securities Commission has revised the terms of Kretam Holdings Berhad's proposed aequisition of Geopoda Holdings (Sabah) Sdn Bhd and its proposed one-for-two bonus issue. D and C Sakura Merchant Bankers Berhad, on behalf of the company, yesterday said the proposed acquisition of
          Bernama  -  76 words
        • Article
          Lock icon Komplek appoints new MD
          49 21 NST KUALA LUMPUR Komplek Kewangan Malaysia Bhd has appointed Mohd A/lan Hashini as managing director, filing a vacancy empty for the past three years. The new appointment took effect on May I. The company is a 99.9 per cent subsidiary of Permodalan Nasional Bhd. NST
          NST  -  49 words
        • Article
          Lock icon MFCB may raise stake in Palmco
          65 21 Bernama KUALA LUMPUR Mega First Corporation Berhad (MFCB) may increase its interest in its associate company, Palmco Holdings Bhd, when the price is attractive. Managing director Lim Keng Kay yesterday said that given the right price, the company would raise its stake in Palmco
          Bernama  -  65 words
        • Article
          Lock icon Uniphone rings up better profit
          68 21 Bernama KUALA LUMPUR Uniphone Telecommunications Bhd yesterday reported a 31.8 per cent rise in group pre-tax profit to M 553.01 million for the year ended Jan 31, from M 540.23 million the year before. Turnover fell 5 per cent to M 5373.53 million from M
          Bernama  -  68 words
      • Article
        Lock icon 74 firms sought KLSE trading suspension
        160 21 Bernama KUALA LUMPUR Seven-ty-four companies applied for suspension of trading in their shares at the Kuala Lumpur Stock Exchange between 1993 and April 30 this year. Deputy Finance Minister Mustapha Mohamed yesterday told the Dcwan Negara the period of suspension varied according to the
        Bernama  -  160 words
      • Article
        Shangri-La to take 20pc stake in Johor hotel company
        221 21  -  By A J Leow SINGAPORE Robert Kuok's Shangri-La Hotel group will take a 20 per cent equity stake in a newly incorporated Malaysian company which is developing an internationalstandard hotel in Johor Baru. The company yesterday said its 20 per cent
        221 words
      • Article
        Lock icon Aokam's revised bonus, TSRs approved
        212 21 MBT KUALA LUMPUR the Securities Commission has approved a revised bonus issue and new transferable subscription rights by Aokam Perdana Bhd. Commerce International Merchant Bankers Bhd (CIMB), on behalf of Aokam. said the original proposed one-for-two bonus issue was revised to two-for-five. As such, the
        MBT  -  212 words
      • COMPANY BRIEFS
        • Article
          Lock icon Hutchison buys HK$ 451m property
          79 22 Reuter HONGKONG Conglomerate Hutchison Whampoa Ltd yesterday said two of its units have acquired a Hongkong property from units of property concern Cheung Kong (Holdings) Ltd for HK5450.7 million (SSW.3 million). All the companies involved in the transaction are controlled by tycoon Li Ka-shing. Hutchison
          Reuter  -  79 words
        • Article
          Lock icon China securities official under probe
          112 22 Reuter SHANGHAI A senior Chinese securities executive is under criminal investigation, an official of the Shanghai People's Procuratorate said yesterday. Ma Yuc, 36, deputy general manager of Shanghai Haitong Securities, is being investigated on unspecified charges. People's Procuratorate official Chen Baofu said in an interview.
          Reuter  -  112 words
        • Article
          Lock icon HK property shares fall
          99 22 Reuter HONGKONG Property shares on the Hongkong stock market dipped yesterday with news of worse-than-expected presales, analysts said. "I think property prices are going to drop further this month basically because the presales for several housing assets don't seem to be going too well," said Julian
          Reuter  -  99 words
        • Article
          Lock icon Sought-after HK Telecom shares up
          77 22 Reuter HONGKONG Shares in Hong Kong Telecommunications Ltd were up 40 HK cents, or 2.94 per cent, to HKSI4 as investors sought a relatively safe place for their money, analysts said. "In general you have been seeing people trying to get out of the developers
          Reuter  -  77 words
        • Article
          Lock icon French food firm eyes Spanish brewery
          65 22 Bloomberg Business News PARIS French food company BSN SA intends to take total control of Spain's San Miguel brewery over the next four years. BSN currently has a 25 per cent stake in San Miguel Fabrica de Cerveca y Malta SA, which is based
          Bloomberg Business News  -  65 words
      • Article
        Lock icon Indian shares quoted overseas get boost from sustained buying
        402 22 Reuter BOMBAY India's overseas listed shares have risen sharply since last Friday on sustained buying, which analysts say shows continued international faith in the country's three-year-old economic liberalisation programme. Merchant bankers yesterday said overseas listed shares of Indian companies had gained
        Reuter  -  402 words
      • Article
        Lock icon IBM, Apple to trim joint venture staff, spending
        282 22 NYt SAN FRANCISCO Three years after setting out to establish a software standard for "interactive" television and computing through a joint venture called Kaleida, Apple Computer and IBM have decided to scale back Kaleida's activities, curtail spending and reduce its 125-person stall
        NYt  -  282 words
      • Article
        Lock icon Media Vision probed over alleged securities fraud
        434 22 Bloomberg Business News FREMONT, California Just when it seemed that Media Vision Technology Inc had hit rock bottom, more bad news dragged the company's stock to an all-time low. The EBI, the US Attorney for Northern California and the Securities Exchange Commission are
        Bloomberg Business News  -  434 words
      • Article
        Lock icon China to delay share issue: report
        196 22 AFP HONGKONG China has tentatively agreed to delay the issue of 5.5 billion shares until after next year to allow discussion on problems in regulating activity on its bourses, a local newspaper reported yesterday. The decision was reached at a meeting of the State
        AFP  -  196 words
      • Article, Illustration
        Lock icon IBM to sell Madison Ave tower
        52 22 Reuter NEW YORK International Business Machines Corp said on Monday that it will sell its Madison Avenue office tower (above) to the real estate partnership of Odyssey Partners LP and developer Edward MinskofT. The Wall Street Journal estimated the price at US$2OO million (Ss3lo
        Reuter  -  52 words
      • Article
        Lock icon Tianjin Bohai Chemical's IPO in HK fully subscribed
        255 22 Reuter Bloomberg Business News HONGKONG Tianjin Bohai Chemical Industry (Group) Co. the largest state-run chemical producer in China, said its initial public offering of shares in Hongkong was only slightly oversubscribed. It was in sharp contrast to a number of other Chinese
        Reuter; Bloomberg Business News  -  255 words
      • Article
        UNIT TRUSTS & FUNDS
        519 22 UNIT TRUSTS FUNDS Managers' prices Ma> 11 rs Of Fund I 00 I 04" Singapore Unit Trust UMB Invest Mgt Ltd The ommcnx 171 1*0 n, f" nd *> lire Savings fund 156 IH S'pnre I'rog Fund 0.71 0 75 n, cJ <.r Fund 65 IJI Spore SeeFund KM I
        519 words
      • Article
        Lock icon Macy, Federated offer sweeter bids
        313 22 Bloomberg Business News NtW YORK R H Macy Co and its rival retailer. Federated Department Stores Inc. each said it sweetened the terms of its plan to take Macy out of bankruptcy court. However, Macy touted a total value for the company that still looked
        Bloomberg Business News  -  313 words
      • Article
        Lock icon HK-listed China firm Yizheng posts 119 pc profit rise
        329 22 Eastern Express HONGKONG H-share company Yizheng Chemical Fibre saw its net profit jump 119 per cent for the year ended Dec 31, 1993. on the strength of higher-than-expected sales, a smaller foreign exchange loss and price reforms. Yizheng. the last of
        Eastern Express  -  329 words
      • Article
        DIVIDENDS ANNOUNCED
        1585 22 Payment F\ Bouks Pay dale close dale ABR Hldgs 5* F 9 Jun 29 Jul 5 Jul 15 \cma I 10 Jun 14 Jun 20 Jul 5 Boustcad 50* I 8 5 Apr 22 Ma> 7 Jun 6 H Raya F May 24 Jun X Jul 7 Cathav
        1,585 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Panel proposes limits on personal investing by US fund managers
        544 23 Los Angeles Times NEW YORK A mutual fund industry organisation proposed on Monday to sharply limit personal investing by fund managers, a plan prompted by recent complaints that some managers may have feathered their own nests in conflict with the
        Los Angeles Times  -  544 words
      • Article
        Lock icon Lloyd's likely to incur £2.5b losses for 1991
        190 23 AFP Reuter LONDON The insurance market Lloyd's of London will announce losses of more than £2.5 billion (555.75 billion) for 1991, the Association of Lloyd's Members (ALM) which is the largest association of investors, or "names", yesterday predicted. The official figures will
        AFP; Reuter  -  190 words
      • Article, Illustration
        Lock icon Brazil to change currency in July in bid to fight inflation
        276 23 MP BRASILIA Brazil will unveil on July 1 a new currency, the real, as part of a plan to contain inflation and protect consumers' buying power, said President Itamar Franco on Monday. The economic plan crafted by former finance
        MP  -  276 words
      • Article
        Lock icon Thai interbank rates seen holding above 8pc
        239 23 KnightRidder BANGKOK Thai interbank overnight rates are expected to hold steady above 8 per cent through May on tax payments and bank short-covering, traders said on Monday. Overnight rates shot up to about 11 per cent by last Friday from 7 per cent
        Knight- Ridder  -  239 words
      • Article
        Two big Asian dollar fund deals signed in S'pore
        273 23  -  By Soh Tiang Keng SINGAPORE Two fundraising deals in the Asian dollar market a US$5O million (SS7B million) floating rate eertificate of deposit (FRCD) by Korea Merchant Banking Corporation and a USS4O million syndicated loan for Thailand's Nava Finance and Securities
        273 words
      • Article
        Lock icon Ringgit may strengthen to 2.56 to US$ l by end 1995
        143 23 Reuter KUALA LUMPUR The Malaysian ringgit will strengthen to 2.56 to the dollar on the spot market by the end of 1995. A monthly report from National Westminster Bank pic's Market Intelligence Department. released yesterday, said the ringgit was
        Reuter  -  143 words
      • Article
        Lock icon Royal Bank of Scotland to buy 2pc of Spain's Banesto for £46m
        308 23 Bloomberg Business News. LONDON Royal Bank of Scotland, the sixth-largest UK commercial bank, said it will buy 2 per cent of Spain's Banco Lspanol de Credito for £46 million (S$ 106.7 million) from Banco Santander. Santander. Spain's largest
        Bloomberg Business News.  -  308 words
      • SMALL CHANGE
        • Article
          Lock icon Titic to sell 13b yen bonds in Japan
          69 23 Bloomberg Business News TOKYO Tianjin International Trust Investment Corp (Titic). a company that raises capital in the international markets and then loans to companies in China, is selling 13 billion yen (SSI9S million) in five-year bonds in Japan's domestic market at a
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Lloyds floating rate notes
          71 23 Bloomberg Business News LONDON Lloyds Bank pic's £3(M) million (SS69O million) of 15-year floating rate notes will pay interest quarterly at the three-month London interbank offered rate plus 62.5 basis points, said managers S(i Warburg. Salomon Brothers International. and (ioldman Sachs International. The fixed re-offer price
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Ex-BCCI executive pleads not guilty
          76 23 Reuter WASHINGTON Former BCCI official Swaleh Naqvi on Monday pleaded not guilty to three criminal charges of fraud and conspiracy stemming from his role in the Bank of Credit and Commerce International scandal. Naqvi. formerly the No 2 official at the now-defunct bank, appeared in
          Reuter  -  76 words
        • Article
          Lock icon General Accident's profit up 46pc
          65 23 AFP LONDON The British insurance* company General Accident yesterday announced a 46.2 per cent rise in first-quarter pre-tax profit of £60.4 million (SSI39 million) compared with £41.3 million during the same period a year earlier. Premium income rose 5.6 per cent to £1.287 billion from
          AFP  -  65 words
        • Article
          Lock icon Florida intensifies insurance probe
          77 23 Bloomberg Business News TALLAHASSLE. Florida Florida regulators have sent as many as 20.000 letters to former participants in the state's college savings plan as part of a new investigation into possible deception by several insurance companies, a Florida Department of Insurance spokesman said on Monday. The
          Bloomberg Business News  -  77 words
      • Article
        Lock icon Indonesia may block world rubber accord
        436 24 Reuter JAKARTA Indonesia, the world's second biggest rubber producer, might effectively block an international rubber pact being negotiated in Geneva if it provides no solutions to the industry's woes. Sutrisno Budiman, executive director of the Indonesian Rubber Association (Gapkindo), said: "Indonesia might not sign
        Reuter  -  436 words
      • Article
        Lock icon Marc Rich ferrous traders resign, set up own firm
        342 24 Reuter LONDON Senior traders at the ferrous trading division of commodity traders Marc Rich Co AG announced they have resigned and are setting up their own trading firm. Omar Shah, managing director of the new firm. Profer AG, said: "Leaving Marc
        Reuter  -  342 words
      • Article
        Lock icon M'sia, Nippon Oil, Occidental to go ahead with gas plant
        284 24 AFP KUALA LUMPUR Malaysia's Petronas state oil firm says it will go ahead with its third liquefied natural gas (LNG) plant with Japan's Nippon Oil Co and US-based Occidental Petroleum Corp, confirming Nippon's commitment to the venture. A joint venture
        AFP  -  284 words
      • Article, Illustration
        Lock icon Broken Hill expects smaller output from offshore Viet oilfield
        399 24 Reuter HANOI Australia's Broken Hill Pty Co Ltd (BHP) said on Monday production would start next October from its Vietnamese offshore oilfield. Dai Hung (Big Bear), but it looked smaller than the mining giant had once hoped. Reserves in the field
        Reuter  -  399 words
      • Article
        Lock icon Weak Aussie commodity prices expected
        466 24 Reuter CANBERRA Australian commodity prices will remain weak until world economic recovery picks up late this year, say two leading commodity analysts. I he chief executive of the official Australian Bureau of Agricultural and Resource Economics, Brian Fisher, and National Farmers Federation chief economist Paul
        Reuter  -  466 words
      • Article
        Lock icon Arabs seen investing US$ 100b to boost oil output by 2000
        200 24 Knight-Ridder CAIRO I he \rab region is expected to >pend USSIOO billion through the year 2CKK) to increase their crude oil, gas and refinery production capacity. according to a study presented at the Fifth Arab Energy Conference in Cairo
        Knight-Ridder  -  200 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        162 24 Till- US DOLLAR was firmer across the board yesterday morning as market players took profit on short dollar positions established over the last week. The dollar opened at 1.5490-95 against the Ss, with market initially selling dollars as bearish sentiment persisted. A large commercial order
        Charts by Bridge Info  -  162 words
      • Article
        Lock icon London
        184 24 Bloomberg Business News LONDON The dollar rallied to its highest level in more than two weeks against the yen and rose more than a pfennig against the mark as traders speculated about an imminent rise in US interest rates. Speculation about cut in German interest rates at today's Bundesbank
        Bloomberg Business News  -  184 words
      • Article
        Crude oil futures prices stable amid supply concerns
        170 24 Bloomberg ENERGY REPORT LONDON Oil futures prices were largely stable yesterday as traders weighed the impact of various supply disruptions. brokers said. Last night's release of the weekly inventory figures by the industryfunded American Petroleum Institute added to the price uncertainty. the
        170 words
      • Article
        Lock icon New York
        93 24 AFP NEW YORK Ihe dollar rose here early yesterday on a wave of cover buying, continuing an upturn begun in Asia. At about 9:40 am (1340 GMT), the dollar stood at 1.6700 marks, up from 1.6530 late on Monday, and at 103.30 Japanese yen (102.78). In London trading
        AFP  -  93 words
      • Article, Illustration
        Untitled
        1755 24 IiiMk- HnxiUfd iinA v i alt uihim\l 111' U Htijim; ivitntly Huw l<M< US$/S$ forward rates Noon May 10 si Bid Offer 1-month 1.5521 I.55J6 2-month 1.5516 1 5531 3-month 1.5514 l.552»> 6-month 1.5508 1.5528 .Vaunt- (M H< Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 10
        1,755 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar recoups early losses to end higher
        1357 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures rebounded from morning weakness to close sharply higher in heavy trade yesterday. Dealers said the market picked up in the afternoon when European traders came in. "There seems to be some shortcovering. Eurodollar has been sold
        Reuter  -  1,357 words
      • Article
        Crude palm oil extends gains
        594 25 COMMODITY REPORTS Palm oil Crude palm oil prices on the physical market closed higher yesterday, extending Monday's gain on fresh news and fundamental factors. (X'alcrs said news that India would make fresh purchases, following recent trade enquiries, had spurred values higher but uncertainty over when
        594 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan's copper cathode demand
          117 25 TOKYO Japan's demand for copper cathode in May and June will remain weak due to continued sluggishness in the economy, according to traders and industry sources. Japanese copper smelters cut production sharply for the first six months of fiscal 1994-95 (April-March), in anticipation of poor demand
          117 words
        • Article
          High palm olein prices put off buyers
          152 25 KUALA LUMPUR Chinese buyers are checking prices daily for Malaysian palm olein. but high prices are discouraging buying, traders said. They said the buyers are seeking June palm olein at USS47O to USS4BO per tonne LOB. This is far below the current seller's
          152 words
        • Article
          Trans Fair group to extend business
          94 25 HAMBURG The German Translair coffee trade organisation, which deals directly with coffee growers and pays them higher-than-world-market prices to improve their living conditions, plans to extend its business to tea, cocoa and other products. TransKair chief Klaus Piepel said in the organisation's annual report.
          94 words
      • Article
        COMMODITY PRICES
        1443 25 Rubber May 10 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) Buyers Sellers RSS 1 Contract (S ccnts/kg) As at 12 noon (S ccnts/kg) C lose Volume Open RSS 2 June 94 152.00 153 .OON Month High Low Sett (tonnes) Interest KSS 3 June 94 151.00
        1,443 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1236 26 -1.1 lilt Australian share market, aided by healthier bonds, defied budget nerves and a sharp fall on Wall Street to close only slightly weaker yesterday, brokers said. The All Ordinaries index ended 1.1 points lower at 2,(H)8.2. off its morning high of 2,016.9. "The market has done surprisingly well
        1,236 words
      • Article
        Manila
        603 26 -46.78 Share prices closed lower as the market went into a correction, sparked by worries over a possible rise in US interest rates and weakening of domestic blue chips, brokers said. The composite index fell to 2.913.45, down 46.78 points or 1.6 per cent, from the 2.960 points on
        603 words
      • Article
        Taipei
        544 26 -59.43 Taiwan stocks ended lower in slow trade as sentiment turned cautious after the index briefly climbed above 6,000 before settling lower at the close. The weighted index lost 59.43 points to end at 5,937.37. Turnover fell to NT557.05 billion from Monday's NT566.54 billion. Profit-taking intensified across the board
        544 words
      • Article
        Seoul
        415 26 +7.25 Share prices closed higher for the fifth consecutive session on renewed institutional buying of primary blue chips, brokers said. The composite stock index added 7.25 points to 947.40. Among major gainers, heavi-ly-weighted kFPCO went limit up. advancing 1.000 won to 28,800. Samsung Display Devices also hit its upper
        415 words
      • Article
        New Zealand
        299 26 -12.9 New Zealand shares ended weaker, but ofi" their lows, after a midday rally failed to carry the main index above Monday's closing levels. The NZSE-40 capital index closed at 2,030.59. down 12.90 points after climbing to around 2,038. The index was down around 17 points in the
        299 words
      • Article
        Bombay
        52 26 10.7 Bombay shares ended higher but off their intra-session peaks on selling of blue ehips by Indian mutual funds, brokers said. The Bombay Stoek Exchange 30-share index closed at a provisional 3.769.72. up 10.70 points, after touching a high of 3,797.89. The 100-share national index ended 18.83 points higher
        52 words
    • WORLD STOCK MARKETS
      • Article
        London
        822 26 +38.5 STOCKS rose as hopes that European interest rates will fall further pushed the FTSE 100 index to its biggest single-day gain in almost two months yesterday. The index of leading British shares rose 38.50 points, or 1.24 per cent, to 3.136.30, its biggest one-day gain since March 14.
        822 words
      • Article
        Paris
        170 26 +25.56 French stock prices rose after an interest rate cut in Germany sparked speculation that official French interest rates will be reduced soon. French equities also benefitted from a rally in the market for German government debt, traders said. "German bonds arc looking much stronger, and it's filtered through
        170 words
      • Article
        Stockholm
        136 26 +4.92 Swedish shares closed higher, solely helped by falling market interest rates, traders said. But gains were selective. Of the 30 shares tracked by the OMX Index, 19 rose, one was unchanged and ten fell. The index closed 4.92 points higher at 1.148.09. Telecom group LM Ericsson, one of
        136 words
      • Article
        Frankfurt
        219 26 16.27 German stocks rose further after the official close as firm bond prices and the prospect of rate cuts buoyed prices, traders said. Bond prices rallied when the Bundesbank let its securities repurchase rate, its main money market rate, fall to 5.35 per cent yesterday from 5.41 per cent
        219 words
      • Article
        Brussels
        147 26 -0.55 Belgian stocks closed little changed after the central bank cut its main lending rate as bond yields remained high ahead of the Ascension Day holiday, analysts said. The Bel-20 index of leading Belgian shares closed down 0.55 point at 1.528.87. Yesterday morning the Belgian central bank shaved its
        147 words
      • Article
        Milan
        149 26 180 Italian stocks gained strongly with investors looking forward to the formation of Italy's government and to interest rate cuts in Germany. The Milan market's blue-chip Mibtel Index rose 1.4 per cent or 180 points to 13,034. Italian shares, along with other European stock markets, were also lifted by
        149 words
      • Article
        Amsterdam
        245 26 +3.96 Dutch stocks closed higher following rising Dutch bonds and a stronger dollar. The yield on the benchmark 10-year government bond is down 0.065 point to 6.783 per cent. Prices received some support from the dollar. A trader said that prices were also lifted by the reduction in German
        245 words
      • Article
        Zurich
        258 26 +59.9 Swiss stocks rallied as investors took advantage of lower share prices, but traders said the mood remains gloomy amid lingering interest rate fears. The Swiss Market Index of 22 blue-chip stocks, or SMI, closed 59.9 points higher at 2,629.0, with 20 stocks advancing, one falling and one unchanged.
        258 words
      • Article
        Toronto
        295 26 +4.61 Toronto stocks pared early gains to trade mixed at midday yesterday as players remained nervous about the uncertain interest rate climate. The TSE 300 composite was 4.61 points higher at 4183.74 in turnover of 23.8 million shares valued at C 5262 million. Losers led gainers 299 to 243.
        295 words
      • Article
        Untitled
        828 26 Vienna \la> 10 TT \l 10 Hmk \unIIU(I*I W) UIKH »his| HUM KM) tiiu h I ItiihaK'i) 470 1 I tn/iint I 'Nl 5 loUan 4?* 2 Skvi-fDr :.w 4 Sii.il'.tit |775 |5 VcrtMher *54 4 WnnciKig 15«0 40 Source: Johannesburg Ma) 9 Njnd +Z INDUSTRIALS \lphj 400 \K i
        828 words
      • Article
        New York
        836 26 +29.45 Wall Street stocks rebounded sharply yesterday from two sessions of hefty losses, but the market was still captive to the swings of bond prices. The Dow Jones Industrial Average was up 29.45 points at 3,658.49 at 1 pm EDT, after plummeting 40 points on Monday and dropping
        836 words
    • Article, Illustration
      Lock icon HONGKONG
      3141 27 HONGKONG Hongkong slocks rebounded from Monday's fall as investors looked for good value among shares with cheap prices relative to projected earnings, traders said. "Many leading shares are trading at 11 times or 12 times 1994 prospective earnings," said Willy Chau, dealing director at Crosby Securities. Many value-oriented investors
      Source: Bridge Info  -  3,141 words
    • Article, Illustration
      CHINA
      557 27 TUB CLSA Shanghai B index fell 2.56 points to 724.85 as turnover shrank to USS4 million. Most counters moved within a narrow band. Krt'angji recouped 7 per cent on moderate buying after losing 10 per cent on Monday. Both property counters. Jinqiao and Outer Gaoqiao, shed 1.7 per cent
      557 words
    • Article, Illustration
      Lock icon TOKYO
      2687 27 Bloomberg Business News TOKYO Stocks rose yesterday amid expectations that Japanese interest rates will fall in coming weeks, traders said. Export company shares also benefitted from a weaker yen. "The talk is that there will be a rate cut here in Japan and that it will be sooner rather
      Bloomberg Business News; Source: Bridge Info  -  2,687 words
    • Article, Illustration
      Lock icon BANGKOK
      1865 27 Bloomberg Business News BANGKOK Stocks broke a six-day losing streak with a gain of 0.4 per cent yesterday as the prices and earnings potentials of brokerage issues attracted local institutional funds, analysts said. "They've been running away from finance issues, forgetting that most are in very good shape in
      Bloomberg Business News; Source: Bridge Info  -  1,865 words
    • Article, Illustration
      Lock icon JAKARTA
      1189 27 Bloomberg Business News JAKAR IA Indonesian stocks fell on concern that the US federal Reserve's expected rate increase may further Hush funds out of Jakarta equities, traders said. Ihe Jakarta Stock Exchange Composite Index fell 1.24 points to close at 463.05. trading totalled 16.591 million shares worth 826.764 billion
      Bloomberg Business News; Source: Bridge Info  -  1,189 words
    • Article
      CLOB INTERNATIONAL
      2781 28 MOST ACTIVE volume Mulpha lull MV 7.544.000 UnlMMt 5.021.000 FMlik 4.401.000 kamunting 50c 2.102.IXJ0 I'ioiikI 2.767.000 MUUI-I'uiv«>>*' 1.861,000 IVrjavj InJ I.NJ.OOO KJKt CM imp 1,788.000 I.K'n Hoc ISK17 1.700,000 AMIJB 50c 1.616.000 Johjn HMb 50c 1.553.000 Inntnotl Bhd I.SI4.(XX) kcinavan 50c 1.382.000 MOST ACTIVE vatue Mulpha lull 50c
      2,781 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rebound as rate hike concern eases
        5996 28 Bloomberg Business News KUALA LUMPUR Stocks rebounded after a six-day decline as concern about rising interest rates cased and investors bid up prices of blue chips and other stocks with growth potential, traders and analysts said. "At this level there are a lot
        Bloomberg Business News; Source: Bridge Info  -  5,996 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7389 29 1 MAIN BOARD Transaction date: May 10 t»r t.r 199-4 Last Vol Day Last Quote Di» Dit Net M Cap Hitch Low Company Sale (000) High Low Buyer Seller S Of S P/K Mnil INDUSTRIAL AND COMMERCIAL 1350 206 l s Aetna 880 cd -10 208 890 870 8 7}
        7,389 words
      • Article, Illustration
        Lock icon Bargain-hunters shrug off US rate fears
        1956 30  -  By R Sivanithy SINGAPORE Bargainhunting led by a strengthening ringgit and a firmer performance in Hongkong yesterday overshadowed the US interest rate fears which dogged the market for the previous five trading days. Brokers also said sentiment, which picked up in mid-after-noon, was boosted
        Charts by Bridge Info; Source: Bloomberg  -  1,956 words
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      303 19 NEWS VALUE How today's news might affect your stocks Goodwood gets approval to redevelop part of hotel site (PH l) A tightly held stock. Little impact on the share price unless the company decides to sell the property. Sembawang confirms share sell-off (pg l) Positive in the long term for
      303 words
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      4048 20 02 Keppel Bank of Singapore Limited AND ITS SUBSIDIARY COMPANIES BALANCE SHEETS AS AT 31 DECEMBER 1993 The Group The Bank The Group The Bank Note 1993 1992 1993 1992 Note 1993 1992 1993 1992 SSOOO SS'OOO SSOOO SSOOO SS 000 SS'OOO SSOOO SSOOO SHARE CAPITAL 3 457.532 332.178 *57.532
      4,048 words
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      8 21 Unit Trusts and Dividends tables on Pg 22
      8 words
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      Page 21 Advertisements Column 2
      160 21 *ay:p<, 'JWP" Wl a <&X >1 y IW^BfY" HIP' I lH "SIA CARGO ADVISES US ABOUT OUR MOST ECONOMICAL AND TIME SAVING OPTIONS. IT ALL HELPS TO LIGHTEN OUR LOAD." DERRICK LIM CUSTOMS. TRAEEIC AND LICENSING MANAGER ASIA PACIfIC DISTRIBUTION OPERATION Of HEWLETT PACKARD "Although we fly thousands of tonnes
      160 words
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      372 23 BUSINESS TIMES TOLL-FREE TEL No 1-000-741-1883 FAX 741-1298 NOTICE NOTICE IS HEREBY GIVEN that, I N. Ganesan of Blk. 526, Hougang Ave 6 #02-157 Singapore (1953), have applied for a Beer House 2nd Class Licence in respect of premises at M/s Karu's Indian Banana Leaf Rest, at No. 808/810 Upper
      372 words
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      Page 23 Advertisements Column 2
      344 23 M THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND M THE MATTER OF FLEXIWAY PTE LTD fn Mwlnn' Vojunlry HHndny Up) SPECIAL RESOLUTIONS PASSED ON 10TH DAY OF NAY IIM At an Extraordinary General Meeting of the Company held at 190 Middh Road #11-06 Fortune Centre Sngaporeo7lBon the 10th
      344 words
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      Page 23 Advertisements Column 3
      170 23 it* LOMBARDO'S RESTAURANT ENTERTAINMENT COMPLEX Mews Road Fremantle (63 YEAR GROUND LEASE) Closing 2pm Wednesday 15th June 1994 Leasehold property business on a WIWO basis. ssisa: jfcjjnw A>hlev Wee Tr^nQApt Ph: 220 1888 Fax: 221 5775 XICLL 1 Jill/ L I HOTEL j TQIPISM PROPERTY 22 0 38 8 8
      170 words
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      416 25 BUSINESS TIM JL_S__ TOI.L-FREE TEL. No. 1-800-741-1883 FAX7AI-1298 NOTICE NOTICE IS HEREBY GIVEN that, I Chua Boon Chok of Blk 108 Jurong East St 13 #10-266 Singapore 2260, have applied for a Retail Liquor Shop Licence in respect of premises at M/s Fusion Ginseng Birdnest Trading at Blk 346 Jurong
      416 words
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      Page 25 Advertisements Column 2
      35 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. iSSM® ■F offers Bp the most Bf current IN Ist of job ■F opportunities qu
      35 words
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      73 27 Now there's a way to turn your Instant cash over the counter, up \V »cntv- shares into cash on the spot. With t0 70% of the market value of Express Share Loan, exclusively .Nf acceptable shares and scripless V Ax from Hong Leong Finance and X counter. Call us at
      73 words
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      61 28 CITIBANK OFFERS SPECIAL RATES OF UP TO 4.75% ON TIME DEPOSITS. From now until July 31, take advantage of some of the best rates in town on both Local Dollar Time Deposits and Unfixed Time Deposits. To enjoy Citibank's special rates just call our 24-Hour CitiPhone Banking on (1800) 225-5225.
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      Page 28 Advertisements Column 2
      5 28 TECHNOLOGY Tomorrow in Business Times
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      93 29 Now there's a way to turn your T Instant cash over the counter, up shares into cash on the spot. With to 70% of the market value of Express Share Loan, exclusively v' acceptable shares and scripless from Hong Leong Finance and counter. Call us at 220 9433/ 1800Singapore Finance.
      93 words
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      1086 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-1296 MM NOTICE IS HEREBY GIVEN that, I Chan Moon Shing of Blk 556, Pasir Ris St 51 #07-147 Singapore 1851, have applied for a Retail Liquor Shop Licence in respect of premises at M/S Hui Sheng Mini Super Mart at Blk 735 Jurong West
      1,086 words
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      Page 30 Advertisements Column 2
      305 30 BankExim P T BANK EKSPOR IMPOR INDONESIA (PERSERO) acting by and through its Cayman Islands branch U*****,000,000 Floating Rate Notes due 1997 In accordance with the provisions ot the Floating Rate Notes, notice is hereby given as follows: Interest Period May 10. 1994 to November 10. 1994 (184 days) Rate
      305 words
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  • Shipping Times
    • Article
      APL, Nedlloyd, OOCL, MOL plan slot-sharing tie-up
      399 31  -  By Dexter Lee SINGAPORE Four major containership operators arc seeking an operational tie-up to sharpen their competitive edge on the Asia-Europe and Asia-North America routes. The carriers arc American President Lines (APL) of the US, Mitsui OSK Lines (MOL) of Japan, Nedlloyd Lines
      399 words
    • Article
      New Sulzer Diesel turns in 69pc rise in group profits
      358 31  -  By Dexter Lee SINGAPORE Buoyed by strong demand for marine engines, Switzerland-based New Sulzer Diesel (NSD) posted a 69 per cent jump in group net earnings to 31.3 million Swiss francs (5534.2 million) last year. Sales grew moderately to 742
      358 words
    • Article
      Lock icon Yemen to be war-risk premium zone
      171 31 Knight-Ridder LONDON Marine insurers have declared that Yemen will become a war-risk premium zone from May 17, 2400 GMT. Vessel insurers have given seven days' notice that Yemen will be added to the list of some 15 countries where owners are obliged to consult
      Knight-Ridder  -  171 words
    • Article
      Mobil orders second double-hulled supertanker
      162 31 NEW YORK Mobil Corp on Monday said it has ordered a second 280,000-deadweight-tonnc double-hulled very large crude carrier. The new supertanker will be built by Sumitomo Heavy Industries of Japan and will be identical to the Eagle, also built by Sumitomo and commissioned by Mobil
      162 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1090 31 Page Col ABC Containcriinc 16 4 Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appcnship 8 4/5 Arabian Express 15 3 ASCI. 5 5 Assist Marine 6 I Avant Shpg
      1,090 words
    • Article, Illustration
      Lock icon Cosco stays ahead of competition
      407 31 Knight-Ridder NEW YORK The China Ocean Shipping (Group) Co, better known as Cosco, the dominant state-owned carrier, lis holding its lead in the surging China trade, but other carriers are fighting for the chance to move it, the Journal of Commerce has reported, i Cosco,
      Knight-Ridder  -  407 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        542 32 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Nas po4 1105/1930 1205,1800 VJNm Wi|a>a ST009 112 alongside 1105, 0700 Als Strength 04£B P08A 1005 2200 1105/1200 Batam Bahagia 05/03/94 II alongside 1105/2300 Batam Speed3 A9494* P01A 1105/1200 1105/1500 Balam Baru 8322
        542 words
      • Article
        CONTAINER SCHEDULES
        1513 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Baiance RsJts Ship Voy No Etb/Btr Period From To From Aa I* 0496 13/2000 3 11/0/00 11/1159 11/1400 4 11/1200 11/1459 11/1/00 Aci Stan ll/A 11/1500 1* 10/1500 10/1659 10/1900 Hqecfts
        1,513 words
    • Article
      THE SHIPPING GUIDE
      12755 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      12,755 words
    • Article, Illustration
      Shipping Times, Wednesday Shake-up of Philippine inter-island shipping
      997 48  -  Alec Almazan examines the steps taken to improve the dismal condition of ferries plying between Philippine isles Alec Almazan THE Philippine in-ter-island shipping sector is in the midst of a massive deregulation effort which is reshaping the face of the industry. Just
      997 words
    • Article
      DAILY FREIGHTS
      1241 48 There are very few capesize bulk carriers available for Atlantic cargoes up to mid June on the freight market, brokers said. The Baltic Freight Index for spot dry cargo shipping rates rose to 1,453 on Monday from 1,443 on May 6, with the base being Jan 4 1985
      1,241 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Local retailer Pisces ventures into transport business in China
        346 50  -  By Alec Almazan SINGAPORE Local retail company Pisces Group Holdings is diversifying into the transport business in China. It is setting up a company, to be called Woodlands Group, that aims to establish two transport joint ventures in China. One is
        346 words
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        Lock icon American Airlines, LOT to form alliance
        347 50 UPI WARSAW American Airlines and the Polish airlines LOT have reached agreement to form a partnership involving joint marketing of services and technical cooperation. Lot called a news conference yesterday to announce that it had reached a "Memorandum of understanding" with a US partner,
        UPI  -  347 words
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        Lock icon Air Canada to fly to Seoul next week
        201 50 Bloomberg Business News MONTREAL Air Canada, the country's largest airline, said on Monday it will begin transpacific flights on May 16 with service to Seoul. The Montreal-based carrier said it is offering three flights a week to the South Korean capital aboard
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        Lock icon Euro airlines cool as KLM rekindles merger hopes
        512 50 Reuter AMSTERDAM KLM Royal Dutch Airlines NV on Monday rekindled speculation of a major European aviation merger, reiterating that it was open to partnership proposals six months after the ambitious Alcazar merger collapsed. "We are not in talks with any company." said
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          Lock icon Ex-owners of rental firm plead guilty
          70 50 Reuter FORI' LAUDIiRDALL, Florida Three former owners of Value Rent A Car Inc pleaded guilty on Monday to racketeering charges and facc prison sentences of two to five years and fines totalling USS2 million (SS3.I million). In 1991, minority stake owners Sidney Cohen, Jeffrey
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          Lock icon Cargo carried by US airlines up 8.7pc
          93 50 Bloomberg Business News WASHINGTON" Air cargo traffic at the leading US airlines rose 8.7 per cent in March because of rising domestic mail and international freight and express shipments, an industry trade group said on Monday. The number of revenue ton miles rose
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          Lock icon British Rail unit transferred to govt
          81 50 AFP LONDON European Passenger Services (EPS), the subsidiary of British Rail responsible for running intcr<apital rail services through the Channel Tunnel, was transferred on Monday into direct government ownership, the government said. The move is part of the tuturc privatisation of EPS, which will
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          Lock icon Bahamian airline's money problems
          69 50 Reuter LONDON New carrier Regal Bahamas International Airways (RBIA) is experiencing financing problems, which have delayed its launch date by several months. Managing director Michael Katelcy said on Monday "The financing is proving to be more of a problem than I anticipated. (Bahamas) government permission for
          Reuter  -  69 words
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        Lock icon Deal allows Taiwan to fly to Hongkong till 2000
        212 50 AFP TAIPEI Taiwan has rcachcd a tacit agreement with China and Hongkong on extending its flight contract to Hongkong for the 1996-2000 period, the United Daily News reported on Monday. However, following Hongkong's 1997 reversion to rule by Beijing, Taiwan will
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        Lock icon US on track for faster trains as Chunnel opens
        403 50 AP WASHINGTON Americans had their appetites whetted for faster trains on the day Britain and France inaugurated their new high-speed railroad under the English Channel. "High-speed trains with 240 kph service (arc) coming soon to a station near you," said Thomas
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1420 50 City Fhjm ETA tTP Mm Pkabi 0K510 1900 0K511 22S5 Ad>lald« SQ227 2030 <mu« RJI82 1445 RJ183 2230 Amsterdam KL837 1450 KL832 2300 GA895 1450 SQ324 2345 SQ323 1815 Auckland NZ21 1820 NZ22 1825 SQ288 2040 SQ285 2045 Bahrain GF149 0650 BSariBegawan ***** 1105 SQ182 0915
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      53 31 ilrUnnr tT JM Drager. a SAFETY EQUIPMENT (SOLAS APPROVED) EZZZZrf PA9O MARINE NMVj 1 Specifically Designed Breathing Apparatus •> For Maritime Applications HIGH QUALITY HIGH PERFORMANCE J V HIGHLY AFFORDABLE mmmKttKKBBMZ Draeger South East Asia Pte Ltd 67 Ayer Rajah Creacenl #06-03 Singapore 0513 Tel: 773 2133 Fax: 773 2033
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      29 31 Shake-up of Philippine inter-island shipping, page 18 Um* aMI MrvtcM repr*Mat«d M«nb«r* «f Mm Registry of Accr«UUd fcgEXSS I w l For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      34 31 Local retailer Pisces ventures into transport business in China, Back page EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE r I 1 Business Times WE KNOW ASIA
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      14 31 r VISA FREIGHT SERVICES PTE LTD 1 THE TOTAL TRANSPORTATION PEOPLE S 1800 *****66
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      464 32 L I TSKUNE AGENCIES (S) PTE. LTD. I" AflHHti f I T |\T|l Tel: 226-3363 I -1 JJJ\JIL Fax: 226-1972/3 i w Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPOBTS TO HflNflHM MAttU. TWWAM fc WAN "TWCE WEEKLY" I loyraaw) vor mi pew it I
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      1433 32 TP VM, mi PWY IfffMfHli WWII 1 I TP BA>T mynniiAWAH conyawm tnwicil <*« JOB, rw u m» «i Iml wtm ok ht »w« «aa «orno mm omktta nuidb* stnokM munacj Ht* nw nwr* lattmw mexsm lm» NEPTUNE CYPRWE VoB£ II ItS 715 JOS If 2tl It It 2t 2t
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      2342 33 m rn OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. TEL: *****13 FAX *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 PR BOOKINGS TEL: *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CUSTOMER SVC
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      2019 33 mamsmssa WEST AFRICA PARIS MAERSK V.9406 ETA SIN 16TH MAY 1994 VMM Voy ETA ETD FmDoM by S £Tlt DESTINATIONS TNt m* MAJESTIC MAERSK VMM I?faBWWr»If3!PMWWPW—a— cv 17/ os 0800 hrs CfS '«•<» 2359 MRS JQH LPK PEN O* K l-GB SFO MEM ATI MIA CMS BAL PHI NYC TOR
      2,019 words
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      1601 34 AOABA R OAM/J [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDPAH (VIA JED) S TON H'BURG A WERP HAVRE MALAYSIA KAGA 35/118 11/5 26/5 31/5 29/5 Poft Kelanq, Penang OftESOEN EXPRESS 16/318 14/5 23/5 30/5 1/6 4/6 6/6 8/6 Pasir Gudang KIRISHIMA 04/119 ZZfi EAST MALAYSIA LUOWIGSHAFEN EXPRESS 13/319
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      613 34 UEZMM AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundl. Islamqala (Doqharuri) C.1.5./RUSSIA: Voatochny, Vladivostok, Moscow, I Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator FULL CONTAINER SERVICE TO NORTH/WIST AFRICA VESSEL SIN OKR Bunga Pelangi V.2144 18/5 20/6 Ned Asia V.2154 24/05 29/06 Ned Oceania
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      1109 34 I NORASIA WEEKLY SERVICE WITH FIXED DAY SAII INfi IQ LA SPEZIA, FOS. BARCELONA VALENCIA FOR MORE DETAILS, PLEASE CONTACT: MS TAN SEOW CHUAN/MS FELICIA PEH S PORE 6ENERAL AGENT NORASIA A6ENCIES (S) PTE LTD ALSO ACCEPTING LCL TO: J THAILAND AGENT :PB AGENCIES CO LTD TEL: *****88/90 SAP/PmEUS/¥MiTTA/BARCiIOm k
      1,109 words
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      1791 35 M STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line jstobp <A SERVICE OF CHINA navigation CO> CARGO OUt SAHS 1 SIRAITS PRtM VO7E Mura. lab. KK m Pt 12 Ma* FCL. LCL CONTAINER ANO BDEAKBULK SERVICE TO
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      2765 35 tkfcV* SINGAPORE AGENT: p& Containers (Singapore Agencies) Pte Ltd B W illl I lIKTI 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 i 'W\ v.—-w Te| 225 2233 Te)ex RS ***** pNOCSp Fax 225 5327/222 7517 ylfpy'flgs\ CR Number **********0Z vo* 'MO -PKQ mD too ANT HOT HAM OOT
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      644 36 i 1 r GENERAL AGENT CR NO *****81-***** EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI MINH CITY PAGER MANDPHON€/DIBECT HEHHY HOE 21W24 WMW/WIW KELVIN CHAN 2180*25 MANOJ 2180*2} 1 >*****2 TO VIETNAM/HCMC CONTAINER-FIEDER SERVICE CENTER-POINT S \M 7 LINES ksml wy cm
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      Page 36 Advertisements Column 2
      2015 36 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FOR VSI SIN I LINE HAUL SIA TVR POX VSI SIN |l»t HAUL SA» lIM NYC HANJIN ROIHROAM 026E 13 5 DORECT 2/6 3/6 4/6 HANIIN ROIIIROAN 026 C 13 5 M AMERICA OIK 16/6
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      Page 36 Advertisements Column 3
      1508 36 f J _J-T^JTT^T^ m sgp use wc rig pus hi om no siu jto lai cms bai wtc ihv urn mm w «g no c« m jcp I l QAM WO* 9/5 «IPT M/S II S 5 23/5 24/J 2i 5 26/5 27/5 21/5 it 21/ C 23 6 2«/t
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      2570 37 PLEASE CALL II II II NEPTUNELINK (1800 *****00 TOLL-FREE) l| II H FOR THE FOLLOWING INFORMATION: HI H II VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ ■I yr U FREIGHT CHARGES PAYABLE/STORE RENT CHARGES/ AVAILABILITY OF DOCUMENTS FOR COLLECTION ■11 EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST USEC
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      Page 37 Advertisements Column 2
      1201 37 a MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697 PKLG:
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      1704 38 AS AGENTS "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0 M GST REG NO M 2 *****99-6} TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I T MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD u B J 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
      1198 38 ©APPENSHIP (3\ HAMBURG vTV/ CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING POSTS DISCHARGE/LOADING FOR PAKHOM MAKARENKO HAM 10/04 SPORE 21/05 ECUADOR HAM 27/04 SPORE 16/06 TBN ANTW 28/05 SPORE 04/07 KOALA CONTAINER LINE SPORE FIX HAM RTM lEH CS AUSTRALIA 4605 16/05 10/06
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      997 39 PACIFIC INTERNATIONAL LINES (PTE) LTD iwjwig? 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********0E VESSEL VOY sin BKK SIN VESSEL VOY SIN JKT SIN KOTA SABAS SB2ON 15/5 18/5 22/5 BUNOA JERATAI 10/5 13/5 17/5 SRIMANEE (THAI FLAG) MN2ON 17/5 20/5 24/5 TRADE FAST T f?
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      968 39 VESSELS VOY it HAVRE HAMBURG THAMES ROTTERDAM ANTWERP ni[ M SACITTA SO3ft 11/ OS 02/06 0< 06 05,06 06 06 0S Q6 VUU D AQURA AO3W 20/ OS 11/06 13,06 14/06 IS 06 17/06 VKIE 0 HYDRA HO3W 26/ OS 17/06 18 06 20 06 21/06 23 06 VULE DC
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      Page 39 Advertisements Column 3
      890 39 BSA 4 m MYANMA «BBk FIVE STAR LINE r (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.Kit Pen P Gdt MERGUI VI23W In Port PAGAN V2O9W In Port MYOMAYHA VIS2W 15/17 May HP* AN V2O2W 13/15 Ma» MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCIES KIA TEI 03-*****00 PKI TEL 03-*****67
      890 words
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      1298 42 junani iilA LJ D mm i^A UfflßjV NORBULK CARGO SERVICES LTO. 1 I INORBULK1 NOR8ULK CARGO SERVICE I REGULAR CONVENTIONAL I I TImRFR AND PLYWOOD SERVICES I TIMBER AND P-'WOUJ ■ASiMdiMyuuayiMAMM I MRAGRO Sailed In Pt FLU/ANT/UK I I ADAMASTOS 14/5 Sa«ed FLU/ANT/NAN/UK I I FOR I I NORBULK TBN
      1,298 words
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      663 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 15/5 ROTTERDAM 16/5 AARHUS/COPENHAGEN 15/5 HAMBURG/BREMEIT 16/5 MARSEILLE/FRANCE 12/5 FELIXSTOWE/UK 16/5 BARCELONA/SPAIN 13/5 LEHAVRE/FRANCE 16/5 GENOA/ITALY 16/5 ANTWERP/BELGIUM 16/5 LOS ANGELES/WC/IPI 15/5 SYDNEY/MELBOURNE 14/4 NEW YORK/EC 15/5 FREMANTLE/ADELAIDE 13/5 VANCOUVER 13/5 BRISBANE
      663 words
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      Page 43 Advertisements Column 2
      1094 43 11l ITtt miUtii a «w« |^HK9HB| M& 1 =T VESSEL VOYSIN HPEN HI MB 8 I SWA BHUM SOS Fri 13/5 Tua 17/5 S n M OCD Mi VESSEL VOY SN BKK k BHATRA BHUM MS S.I 14/5 Tua 17/5 I KOTI-tUHii S !Srß W MAHA BHUM 20»N_ Wad 11/7;
      1,094 words
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      Page 43 Advertisements Column 3
      799 43 f "Iggfi NATIONAL EXPRESS FORWARDERS (S) PTE LTD 133 NEW* BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL: *****86 (6 LINES) FAX *****58 WEEKLY CHINA CONSOLIDATION ZHANGJIANG XIAMEN SHEKOU HUANGPU GUANGZHOU HAIKOU FUZHOU XINGANG SHANGHAI FUZHOU DALIAN SHANTOU AND ALL OTHER MAJOR COASTAL/INLAND DESTINATIONS VIA HONG KONG BARCELONA/MARSEILLE/GENOA SAILING EVERY
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      1728 44 frtlUkflMN CONTAINER LINES, INC I r- :N=AV Afltnft: MAC-NELB SPORE: *****22 (24 LINEB) pv/ > cm No, UOOS7BOOCM SIBU (084) *****9 KUCHINQ (082) *****3 J PENANG: (04) *****6 BANGKOK (662) *****07 MANILA (632) *****61 P.KELANG: (03) *****77 "JAKARTA: (21) *****07 SURABAYA: (31) *****0 J HKG/TWN/BKK GENOfI/EUROPE I PEN PKL SIN
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      Page 44 Advertisements Column 2
      208 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (TA ll* CM SFOtt rail KELANG PINAMG BIUI MUX 29 •> Lujdinij tor Male KUVM MUOHU »/5 Discharging and loading ten Bombay 001MW 21 <i Loading For Male PIOMER SUPttMI 12/S Loading for Male UMMIDH 12/5 Loading For Male PROGRESS LBERTT ft
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      1138 44 XL THONG SOON LINES PTE LTD 1 /VA 78 SHENTON WAY #10 01, SINGAPORE 0207 I I \y \y TEL: 227-5088 FAX: 227-6011 I I < TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY STORE PEST VESSEL VOY mIT" PEST EQUATOR ROYAL 102/4E
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      520 45 WgV'EVERETT ORIENT LINE" JAPAN BAY OF BENGAL/JAPAN SERVICE ACCEPTING NKAKBU.K SOC CMGOtS TO/FROM KOK. YOKOHAMA. NAGOVA. MO*. TOKYO* MANIA*. DAVAO*. Penanj* P. Kelanj Smjapore E'Msia* KARABIEVERETT VI7E 25/26 May IVYEVERETT V9E 16/17 Jun 18/19 Jun KAMALEVERETT V2IE 25/26 Kjo 27/28 lun ACCEPTING BKAKBUK PCI SOC CARGOES TO/FROM CMTTAGONG. CALCUTTA AND
      520 words
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      237 45 18* 6LORY NAVIGATION GROUP to j REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG *AT ATTRACTIVE RATES 0 CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 24/5 1/6 7/6 16/6 GLORY SELATAN VIII 18/5 20/5 26/5 SP PKL HCM HK KAO GLORY SELATAN VI
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      535 45 EGYPTIAN NAVIGATION COMPANY ALEXANDRIA (EGYPTIAN GOVERNMENT LINE) EAST MCD/RED SEA COHVUmONAL SERVICE KSSEI VOY STOK LOADING FOR PAOFIC TRNXK 15/5 PI SW2/PI SAC Mil MM ACCtPt EAST WniiMMCMI PORTS OH NWCtWNI jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE VESSEL WOY SIX KARACHI MAKRAN 147 HW 13/05 23/05 HYDERABAD
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      670 45 luuHsgiliMilliMa FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPY LOS SHUN HE/103 26/ OS 09/ofi 10/06 12/06 27 M TAO HE/84 1 I/OB 24 OB 25 OB 27/ OB 12/07 JIAN HE/84 26/06 09/07 10/07 12/07 27/07 HUIHE/106 11/07 25/07 28/07 28/07 12
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      350 45 SMI FAR EAST 14/05 KEELUNG/KAOHSIUNG 14/05 BANGKOK 15/05 MANILA/CEBU 15/05 JAKARTA/BELAWAN/SURABAYA 15/05 PORT KELANG/PENANG/E. MALAYSIA 15/05 BUSAN 15/05 TOKYO/YOKO/KOBE/NGO/OSA 15/05 HONG KONG SIN CHINA 15/05 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SjN EUROPE/UK 17/05 LDN/FLX/LVP/SOU 17/05 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romama/Poland/Bulgaria/Czech SIN USA/CANADA 15/05 LOS ANGELES/NEW
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      819 46 PHI LI-on l( NT UN€S PT€ LW 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 j\ p. Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H^ Sit 573 J) A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 15 MAY SYDNEY, MELBOURNE.
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      259 46 y Contemn CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 18 MAY (Accepting to all Naw Zaaland porta) PENANG 13 MAY JAKARTA 15 MAY PORT KLANG 19 MAY BANGKOK 19 MAY MANILA 15 MAY MELBOURNE 13 MAY SYDNEY 13 MAY BRISBANE 13 MAY AOELAIOE 13 MAY 14 MAY I 'ACCEPTING TO ALL
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      363 46 This Week's Sailings Singapore I II KIRS I FORWARDER IN To: KID lo: KID ASIA AWARDED Singapore Singapore ,s<) 9002 BV ,K Q A EVERY EVERY Bangkok SUN Jakarta SUN ULJj EVERY EVERY Manila SUN Ho Chi Minh FRI j* fDj EVERY EVERY wESd Colombo TUE Limassol THL'R L-g-ll INTERNATIONAL
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      1489 47 ISEAMAORGENTIN/UINOSg^ CONTAINERISED "HUB" SERVICE y 1 I DIRECT TO ARGENTINA/BRAZIL URUGUAY V WESTBOUND BAM POUT* I Vli lUINO* AIRES VIA SANTO* VIIWU VOV i'POm B.AWC* 'SANTOS I USMUAM M'VtMO ASUNCION R.Of JAMMO rfifIANAtUA GREAT UNIVERSE W1 14/05 12/0« 16/06 I 14/06 15/06 19/06 20/06 DESTINO* W1 07/06 02/07 13/07 I
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      390 47 J§\ CEYLON SHIPPING CORPN RaS; National Line of Sri Lanka CONTAINERISED SERVICE TO LK AND NORTH CONTINENTAL PORTS I 101 I W I C«0 IB ten MM Mfl WMASIA u mili Mil 3 11/95 lt, NOUSW mMHTHA MIH 11/95 210 i JSifJLHBSi 551!- SLS. JLJ!L -!U* JL®* ii*. JUL iHSL
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      534 47 O N D O R LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.36 I PORTS vor BUENOS AIMS MONTEVOCO MMOAN JAKARTA fTIuPoIIin HOfW NOMO RAQOSMMA NAOOYA VESSELS 21 P«»MOaS« 1909 SAHEO SAILED SAiCIO UUQ IW POaT 064)9/08 PAVLOOaAO E9lO 28 03 11/04 SAILED SAIUO Z PETROOVORETS 1111 SAIUO SAILEO 09/08 22 24/09
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      491 48 anffipiH NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 9419N 13/ OS (FRI) 18/05 (WED) PERMOVAISK 9401N 17/05 (TUE) 21/05 (SAT) TWO SAUHGS WEEKLY LANKA MAHAPOLA 9401N 20/05 (FRI) 25/05 (WED) FRDAY ANO ™ESo** VIGOUR PACIFIC 9420N _24 05 (TUE) I L 28/05 (SAT) SOUTH PHILIPPINES FULL
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      699 48 II J IBMI 94 I 19 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 It 2.9 2.6 2.1 15 1.0 0.6 0.5 0.5 04 1.3 1.9 2.3 2.5
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      913 49 I HYUNDAI MERCHANT MABINECO-LTD. WESTBOUND TO EUROPE BKG: *****61 I PNA* PKE* PGP- VESSELS VOY I SIN BTM ANT* LEH* HAM BREj FEL U/05 13/05 14/05 SI MARINER 310W 16/05 03/06 04/06 06/06 04/06 04/06 07/06 18/05 20/05 21/05 H. INNOVATOR 309W 23/05 10/06 11/06 13/06 11/06 11/06 14/06 25/05
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