The Business Times, 17 May 1994

Microfilm: NL19381
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times MITA(P) 010/12/93 Tuesday May 17 1994 Wll KNOW ASIA 75®
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow up 4.76 points
      54 1 Reuter NEW YORK Wall Street stocks were mixed at midday yesterday. Declines held a slim 10-9 lead over advances on volume of about 131 million shares on the New York Stock Exchange at Ipm EDT. The Dow Jones industrial average was up 4.76 points at 3,664.44
      Reuter  -  54 words
    • Article
      Lock icon France blocks EU trade pact with Russia
      41 1 Bloomberg Business News BRUSSELS France will block a proposed trade accord between the European Union and Russia because it could threaten France's nuclear fuel industry, said Foreign Affairs Minister Alain Juppe yesterday. Bloomberg Business
      Bloomberg Business News  -  41 words
  • Article
    MARKET SUMMARY
    167 1 Stock market indices Monday Change STIl 2,290.41 M.29 KLSEComp 997.84 -6.71 Nikkei 20,397.98 -82.31 Hang Seng 9,253.32 M 18.60 SET Index 1.290.84 f 31.67 Jakarta Comp 467.86 *-0.46 CLSA China B 969.25 -6.74 Aust All Ord 2,110.9 M0.9 FTSE 100 3,115.6 -3.6 Monday Previous 2pm close Dow Jones
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  • Article
    Lock icon Dollar kills time in Europe awaiting US rate news
    271 1 Reuter Bloomberg Business News LONDON The dollar encountered reasonable demand in Europe yesterday, but did not extend recent gains too far ahead of the outcome of the Federal Open Market Committee meeting today. The dollar traded at 1.6741 marks at spm
    Reuter; Bloomberg Business News  -  271 words
  • Article, Illustration
    Ng Teng Fong buys 6.56 pc stake in YHS
    465 1  -  By Joyce Quek SINGAPORE Property magnate Ng Teng Kong has added a new twist to the Yeo Hiap Seng saga by throwing his hat into the ring, to the surprise of the battling Yeo clan. Using listed Orchard Parade Holdings (OPH),
    465 words
  • Article
    S'pore economy posts strong llpc growth for first quarter
    712 1  -  By Anna Teo SINGAPORE Economic growth again surpassed expectations with a solid 11 per cent showing in the first quarter. For the full year, the Ministry of Trade Industry (MTI) now reckons growth will be at the higher end of its
    712 words
  • Article
    Asian stocks end mixed as investors await Fed move
    161 1 SINGAPORE Regional stock markets closed mixed yesterday, as investors stayed on the sidelines ahead of tonight's US interest rate meeting. In Singapore, the release of figures showing better than expected economic growth of 11 per cent in the first quarter failed
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  • Article, Illustration
    Lock icon COEs up for all but small cars
    317 1  -  By Rahita Elias SINGAPORE Buyers of all vehicles, except small cars, will have to pay more for their June certificates of entitlement (COEs). The worst hit are motorcycle buyers the premium for Category 6 has shot up to $1,802. Motor Traders Association (MIA)
    Compiled by BT  -  317 words
  • Article
    Lock icon M'sian 3-mth interest rates fall to new low
    355 1 AFP KUALA LUMPUR Malaysia's domestic interest rates plunged yesterday to unexpected new lows even as the central bank's move to ease restrictions on foreign fund-inflow came into effect. Hank Bumiputra. Malaysia's second largest bank, meanwhile, instituted its third cut in its base
    AFP  -  355 words
  • Article, Illustration
    Goh Keng Svvee appointed Rothschild chairman
    236 1 SINGAPORE Former deputy prime minister Goh Keng Svvee is to become chairman of the board of merchant banker NM Rothschild Sons (Singapore). Dr Goh will formally take up the appointment at the next board meeting, expected in a few weeks' time. Rothschild's managing director
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      230 1 PThe Workfi Smallest 35mm Auto Focus Zoom Camera i MK Nikon ZQDWI3qDQD CONTENTS News Companies S-pwe News 3 17.18.19 Regional News 4,6./ Financial 21,22 World News 8 Features Markets Analysis 15 Ooto/KIS. StS 26-28 tutorial 14 Regional 24 Sports 9 World IV/bl«styte 11 Currencies _.22 Property 12.13 Sime/Commo .22,23 Sabscriptien
      230 words
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      19 1 Properly: Pg 12 Prices of suburban apartments up Hata's fax-an-idea appeal strikes a chord in Japanese public, Pg 16
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      29 1 Hock lj)ck Siew: 17 AY Hicom: more than just a pricey stock, How the sectors performed. Pg 2 Kconomy on a roll: How long will it last?, Pg 16
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      4 1 Full reports, Pgs 24-28
      4 words
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      96 1 r The Wofkfs SmaM 35mm Auto Focus Zoom Camecs r is ZGPM3QDQD t Bottom Line: p K /6 re economy on a roll Alan Yeo's memo to employees, Pg 17 SCRIBE HAND-MADE BY BALLY No. 3 limited series of hand-made welled shoes uses fine French Calf leather and traditional craftsmanship
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  • 1 QTR 94 ECONOMIC SURVEY OF SINGAPORE
    • Article, Illustration
      Manufacturing grows 12pc, surprising most analysts
      798 2 Sector highlights THE MANUFACTURING industry got off to a fine start in the first quarter, surprising most analysts with a robust 12% growth in output. The strong figures have prompted economists to raise their full-year manufacturing projections to over 10%, from below 8% previously.
      798 words
    • Article
      $1.15b committed in manufacturing investments
      316 2 INVESTMENT commitments for manufacturing reached $1.15 billion in the first three months of this year or more than a quarter of the $3.9 billion attracted for the whole of last year. A Ministry of Trade and Industry official said yesterday he was confident the 1994
      316 words
    • Article
      Retail prospects may slide, but money sector still bright
      215 2 BUSINESS prospects of the commerce sector are expected to decline for the next six months while the sentiment of the financial services sector remained positive, according to a Business Expectations Survey by the Ministry of Trade and Industry. An MTI official
      215 words
    • Article
      Electronics, transport equipment firms bullish on April-Sept outlook
      295 2  -  Reports by Genevieve Cua, Paul Leo and Anna leo MANUFACTURERS are strongly upbeat about business prospects over the six months from April to September, with electronics companies the most bullish. The latest survey of business expectations also found strong sentiment in the
      295 words
    • Article
      Entrepot trade propels commerce sector to 9.lpc gain
      383 2 ENTREPORT TRADE continued to underpin growth in the commerce sector in the first three months of this year. According to the first-quar-ter economic survey, the sector gained 9.1% compared with 8.5% in fourth-quarter 1993 boosted mainly by 18% growth in entrepot trade,
      383 words
    • SURVEY SNIPS
      • Article
        Construction productivity growth down
        79 2 MANUFACTURING led productivity growth with a 12.3% performance. Only construction, with a 5.4% dip. continued to record negative rates. But the long-term productivity trend for the sector will still be positive, a Ministry of Trade Industry spokesman said yesterday. Overall productivity growth in the first quarter
        79 words
      • Article
        Rise in composite leading index
        63 2 THE composite leading index, the official economic gauge predicting three quarters ahead, jumped 9.2% in the first quarter compared to a year ago. Compared to the preceding quarter, the index rose 2.6%. Of its nine components, four fell during the first quarter: stock prices, company
        63 words
      • Article
        GDP at $18.3b
        55 2 GROSS domestic product amounted to $18.3 billion, at 1985 market prices, in the first quarter. Compared to the preceding 1993 fourth quarter, total output was 8.3% higher. Manufacturing. in particular, recorded a seasonally-adjusted growth of 28.7%. Financial/business services, on the other hand, slid 8.6% from the strong
        55 words
      • Article, Illustration
        Dip in building deals
        90 2 CONSTRUCTION contracts awarded totalled 52.6 billion in the January-March quarter, down 9.9% from a year ago. Public sector contracts, which accounted for 56% of the total volume awarded, fell by 24%. Private sector contracts, which shrank throughout the 1993 quarters, rose 20%. The contracts were mostly
        90 words
      • Article
        Slower sailing
        68 2 SLA CARGO volumes fell 1.8% in the first three months, due to a 12% drop in mineral oil trade. But general and bulk cargo volume rose 7.8%. The airline industry enjoyed robust growth: air cargo handled rose by 19%. while air passenger traffic increased by 10%. Growth for
        68 words
      • Article
        Surge helped by pre-GST buying
        73 2 TOTAL demand for goods and services grew 11.3% during the first quarter. External demand, the main source, increased 14% while domestic demand rose 5%. Private consumption grew a healthy 10% due to increased spending on rentals, public transport, entertainment, restaurant meals and financial services, and
        73 words
      • Article
        Jobs, jobs and more jobs
        67 2 ABOUT 13.000 jobs were added in the first quarter. The financial/business services sector created the biggest number of new jobs (3,600), followed by commerce (2,700) and manufacturing and transport/communications with 2,000 each. Construction, which created an average 7.000 jobs every quarter last year, added only
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      • Article
        Balance of payments surplus down
        70 2 THE BALANCb of payments surplus fell to SI.B billion in the first quarter from above-S3 billion levels in the preceding two quarters. The fall reflected a sharply lower capital account surplus of 52.9 billion due mainly to a drop in the net inflow of non-monetary
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    • Article
      Financial services sector shows 23pc growth
      522 2 THE financial services subsector grew 23% in the first quarter, up from the 21% growth for the whole of last year. The boost came from the local stock market, the Asian Dollar Market and domestic lending. The Ministry of Trade and Industry said yesterday
      522 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Apple to house logistics in new $55m building here
      459 3  -  By Claire Leow APPLE Computer of the United States is expanding its regional responsibilities with a new $55 million building in its premises in Ang Mo Kio to house expanded logistics functions. The new investment brings Apple's total investment here to
      Photo by Arthur Lee  -  459 words
    • Article, Illustration
      Dentsu ties up with Mandate Advertising to boost regional presence
      370 3  -  By Corinne Kerk TOKYO-BASED Dentsu Inc. said to be the world's largest advertising agency, has strengthened its presence in this region by setting up a joint venture company with home-grown Mandate Advertising International. The new agency, called Dentsu Mandate Singapore,
      370 words
    • Article
      Sisir recognised as approved test lab for electrical equipment
      168 3 THE Singapore institute of Standards and Industrial Research has been recognised as an approved test laboratory by the International Electrotechnical Commission (lEC) for safety of electrical equipment. Sisir said yesterday the move would benefit some 30 local manufacturers and exporters of
      168 words
    • NEWS ROUNDUP
      • Article
        Kan Seng reappointed CDAC chairman
        131 3 PRIME MINISTER Goh Chok Tong, patron of the Chinese Development Assistance Council, has appointed Wong Kan Seng, Minister for Home Affairs, as chairman of the council for another term of two years from May 22. According to a statement from the PMO yesterday, the prime
        131 words
      • Article
        Viet PM arrives for 3-day visit
        96 3 VIETNAMESE Prime Minister Vo Van Kiet arrived in Singapore yesterday for a three-day working visit, a Vietnam Embassy official said. He is accompanied by a 10-member delegation that includes the chairman of the State Planning Committee, Do Quoc Sam. and Deputy Foreign Minister Vu
        96 words
  • Page 3 Advertisements
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      278 3 X EXPOTECNIA'94 EXPOTTECNIA'94 PREVIEW 'JBSrr ANSWERS FOR E mmi JUNE 7, 1994 I ROYAL 11/ I ROYAL PAVILION FOYER I THE REGENT SINGAPORE I 1 CUSCADEN ROAD, SINGAPORE 1994 5-1H EXPOTECNIA- PARTNERING FOR SUCCESS IN CHINA Advanced technology and industrial business ventures in China as well as any other expertise
      278 words
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      168 3 Prime Branch Office Locations Impress^ Links Servcorp-The World's Finest Serviced Offices At just a fraction of traditional office costs, Servcorp makes even small one-man businesses look like a million dollars! Servcorp's compact offices offer the spectacular infra-structure of large corporations, amidst the most luxurious business setting. Less Than The Cost
      168 words
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  • SOUTH-EAST ASIA
    • ASIA NOTES
      • Article
        Lock icon Alatas warns Manila
        95 4 AP JAKARTA Indonesia's foreign minister, expressing hope for cancellation of a conference in Manila on East Timor, yesterday warned the Philippines not to under-estimate his nation's depth of feeling on the issue. Foreign Minister Ali Alatas was speaking at a news conference after meeting a special envoy
        AP  -  95 words
      • Article, Illustration
        Lock icon Mission accomplished
        57 4 Reuter SIEM REAP, Cambodia A Cambodian monk climbs the ancient Bayan temple, near the fable Angkor Wat complex, to join other monks for prayers during a ceremony marking the end of a three-week-long peace march through north-western Cambodia on Sunday. The march took them through some of the
        Reuter  -  57 words
      • Article
        Lock icon Call to improve Indon workers' rights
        44 4 AFP WASHINGTON Indonesia urgently needs to act on workers' rights if it does not want a repetition of last month's worker demonstrations that left one person dead, a human rights group said in a report released yesterday. AFP
        AFP  -  44 words
    • Article
      Mahathir set to unveil new telecom policy today
      453 4  -  By Amy Balan SINGAPORE Malaysian Prime Minister Mahathir Mohamcd is expected to announce today a new telecommunications policy for the country, to give better shape to the development of a key industry that is now enjoying heady, almost free-for-all growth in some
      453 words
    • Article
      Lock icon Ex-Bapindo manager goes on trial for corruption
      343 4 AP JAKARTA A former official of a state bank went on trial yesterday in a massive loan scandal that has provoked a public outcry and student demonstrations questioning the role of senior officials in the case. Maman Suparman, 48, former manager of the
      AP  -  343 words
    • Article
      Lock icon KL must retain inflow of foreign investment: broker
      438 4 Bernama KUALA LUMPUR Malaysia's growth prospects over the next three years remain bright in view of strong public spending. but it is crucial to retain a steady inflow of foreign direct investment (KDI) to help raise potential growth over the longer term.
      Bernama  -  438 words
    • Article, Illustration
      Lock icon Friendly faces
      55 4 Reuter JAKARTA Portraits of New Zealand Prime Minister James Bolger (second from left) and Indonesia's President Suharto, and their wives, looked down on this cyclist yesterday as the Indonesian capital welcomes Mr Bolger to the city. Mr Bolger is at the start of a week-long visit to South-east
      Reuter  -  55 words
    • Article
      Lock icon Ramos vows to cut tariffs to boost export sector
      231 4 AFP MANILA Protected industries in the Philippines would have to go under if they failed to compete globally. President Fidel Ramos said yesterday, vowing to slash tariffs that penalised export efficiency. Mr Ramos also said that "consumers will have to get
      AFP  -  231 words
    • Article
      Lock icon Mitsubishi will hasten Proton, technology transfer, says KL
      388 4 AFP KUALA LUMPUR Japanese automaker Mitsubishi Motor Corp has indicated it would hasten technology transfer to Malaysia's car project following Premier Mahathir Mohamad's warning that he would turn elsewhere for help. Malaysian officials said yesterday. "I think they have got the message."
      AFP  -  388 words
    • Article
      Lock icon M'sian govt refuses to recognise unjust hudud laws: PM
      266 4 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad said yesterday the government does not recognise the hudud (Islamic penal) laws approved by the PAS government in Kelantan because they do not reflect justice according to Islamic laws. Me said the laws could
      Bernama  -  266 words
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      213 4 V 4 Mr LEBANON An International Trade and Technology Exhibition 4-8 OCTOBER 1994 BEIRUT A country devastated by years of war is now offering the most phenomenal business opportunities of the decade: REBUILD LEBANON An international Exhibition of products, municipal services and more :*-Y *4' Prizes go to those who
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      330 5 I I I JluuMCf at peak I 1 < T?***» Just two minutes from Surfers Paradise on Australia's in the swimming lagoon. Re-energising in the gymnasium, fabulous Gold Coast, the quiet, elegant distinction of Rivage sauna and indoor swimming pool. Keeping your golf up to par on W7 1 2
      330 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Taiwan to reduce number of generals
        72 6 Reuter I7VIPEI Taiwan plans to cut the number of its generals to 400 from about 700 under a programme to streamline its military, the United Daily Sews said yesterday. The number of three-star generals will be reduced to no more than 10 from 18
        Reuter  -  72 words
      • Article, Illustration
        Lock icon Networking in HK
        54 6 AFP HONGKONG American State Department official Lily Barberio (left) being introduced to Vietnamese Vice-Premier Tran Due Luong on his arrival here yesterday. Mr Luong, who is accompanied by a high-level delegation, is in the territory for a Vietnamese trade exhibition. The 21-member delegation will visit the United
        AFP  -  54 words
      • Article
        Lock icon Worries over Tiananmen anniversary
        97 6 AP BEIJING With the anniversary of the 1989 Tiananmen Square crackdown looming, Premier Li Peng reiterated yesterday that stability is essential for the future of China's economic reforms. His comments, which echoed calls for stability by other Chinese leaders in recent days, highlighted government worries about
        AP  -  97 words
      • Article
        Lock icon Work on Macao industrial zone starts
        79 6 Bernama-Xinhua MACAO Construction of infrastructure for the Lin Seng industrial development zone on Macao's Coloanc island will begin at the end of this month and is expected to be completed in a year. An official involved in the project said yesterday that the industrial
        Bernama-Xinhua  -  79 words
      • Article
        Lock icon Taiwan slaps anti-dumping duty
        59 6 AFP TAIPEI Taiwan will impose up to 68.71 per cent anti-dump-ing charges on polypropylene supplied by 10 Japanese and eight South Korean manufacturers, Customs Administration Department officials said yesterday. The Japanese suppliers include Sumitomo Chemical Corp and Mitsubishi Petrochemical Corp, while the South Korean firms include
        AFP  -  59 words
      • Article
        Lock icon Shanghai's negative population growth
        64 6 AFP BEIJING Shanghai is set to record its second consecutive year of negative population growth, the Xinhua news agency said yesterday. China's most populous city. Shanghai became the first to record a negative population growth last year with a birth rate of 6.5 per thousand and
        AFP  -  64 words
    • Article
      Lock icon Guangdong to freeze building of office blocks, luxury homes by locals this year
      215 6 Reuter HONGKONG China's Guangdong province will not approve any more office blocks or luxury villa projects in 1994 except those financed by foreign funds, the daily Hongkong Economic Journal reported yesterday. "To comply with the central government's
      Reuter  -  215 words
    • Article
      Lock icon Beijing orders end to cheap sale of state assets
      493 6 Reuter AFP SHANGHAI China has ordered a stop to the cheap sale of state companies by illegal exchanges set up by local authorities eager to rid themselves of what often are money-losers. The Wen flui Bao and other Chinese newspapers yesterday
      Reuter; AFP  -  493 words
    • Article, Illustration
      Lock icon Making way for progress
      45 6 AFP GUANGZHOU A boy on his way to school walking through an empty lot where a building once stood. Large areas of residential and commercial property in this Chinese city are being demolished to make way for a subway system. AFP
      AFP  -  45 words
    • Article
      Lock icon China, Britain set for HK passport battle
      260 6 AFP HONGKONG China and Britain are set to launch rival campaigns to win international acceptance of their Hongkong passports. Preparations for China's Special Administrative Region (SAR) document are to be discussed in Beijing this week. China is expected to stage a world-wide promotion
      AFP  -  260 words
    • Article
      Lock icon HK's main export items slump in 1st qtr
      208 6 AFP HONGKONG The territory's major domestic export items of clothing, textiles, and consumer electrical and electronic products suffered declines in the first quarter of the year, despite accounting for 52 per cent of the total domestic exports, official figures showed yesterday. Domestic
      AFP  -  208 words
    • Article
      Lock icon Split in Tibetan Buddhist order gets top publicity in China
      562 6 AFP BEIJING China is viewing a split within a major Tibetan religious order with enthusiasm, seeing in it the chance of weakening one of the strongest voices of ethnic opposition to Beijing. Reports of the rift have been given unusual
      AFP  -  562 words
    • Article
      Lock icon China acts to keep urban jobless rate below 3pc
      480 6 Reuter AFP BLUING China, facing the prospect of millions of urban workers thrown out of their jobs by economic reform, is scrambling to open its employment market in the hope of keeping the urban jobless rate below 3 per cent. Vice-Labour
      Reuter; AFP  -  480 words
    • Article
      Lock icon Taipei may raise cap on foreign stake in firms: report
      195 6 Knight-Ridder TAIPEI Taiwan is considering introducing regulatory reforms that would substantially widen foreign access to the domestic equity market. The Ministry of Finance has proposed lifting a ceiling on foreign share investment in individual locally listed firms to 30 per
      Knight-Ridder  -  195 words
    • Article, Illustration
      Lock icon Taiwan president returns from successful visit to four countries
      470 6 AFP TAIPEI Taiwanese President Lee Teng-hui returned yesterday from a state tour during which he secured official ties with four countries, including South Africa, the nation considered most likely to switch diplomatic recognition to Taiwan's long-time rival, China. Mr Lee visited
      AFP  -  470 words
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      34 6 We lAre •si,/ ***<,£ -fmLf KOrP9I *it y Be Sure To Get Your Copy Today! Available at these hotels: Chosun Ramada Renaissance I Universal Publications Agency Ltd. X 54 Kyonji-Dong, Chongno-ku Tel: 734-7611 Fax:o2-720 6505
      34 words
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  • REST OF ASIA
    • Article
      Lock icon India's smaller bourses plan electronic link-up
      583 7 Common share depository also part of exchanges' scheme Reuter HYDERABAD, India India's smaller stock exchanges, once largely ignored by investors, are gearing up to take a bigger role in the country's potentially huge investment industry, brokers and analysts said. India has 22 stock exchanges
      Reuter  -  583 words
    • Article
      Lock icon Indian telephone liberalisation policy rings alarm bells among unions
      332 7 AFP NEW DELHI Indian telecom unions have fired their first salvo against telephone services being opened up to private investors, voicing fears that competition would handicap the state-run network and lead to job losses. The three major unions announced an hour's
      AFP  -  332 words
    • Article, Illustration
      Lock icon Australia forecasts fall in 94/95 housing starts
      346 7 Reuter CANBERRA Australian Mousing Minister Brian Howe said the government forecasts housing starts to fall to around 150,000 in the year to June 30 1995 from a forecast 173,000 in 1993/94. "In the light of these forecasts and recent building approvals data released
      Reuter  -  346 words
    • Article
      Lock icon Seoul proposes special partnership with Manila
      154 7 Bernama MANILA South Korea yesterday proposed forming a "special partnership" with the Philippines to boost economic cooperation. The Philippines pledged to support South Korea's bid for a non-permanent seat in the UN Security Council in 1996-97 and would not seek diplomatic normalisation with North
      Bernama  -  154 words
    • Article
      Lock icon Real estate dealers no more among Japan's top taxpayers
      299 7 AFP TOKYO Consumer financiers and the Israeli widow of a computer game czar topped the list of Japan's biggest taxpayers for 1993, while real estate dealers bowed out of the limelight as the end of the "bubble economy" investment boom became
      AFP  -  299 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      83 7 940 Look into the upper levels of many top corporations and you'll see more executives driving the Volvo 940 than any other car in its class. No surprise really when you think about it. Because the 940s unique safety cage and Side Impact Protection System make it one of the
      83 words
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  • THE WORLD
    • Article
      Lock icon Russian PM vows to keep tight money, credit policies
      476 8 FT MOSCOW Russian Prime Minister Victor Chernomyrdin has pledged to continue tight money and credit policies, in spite of having reached what he calls "the trough of the crisis" in the country's economic transformation. Mr Chernomyrdin, writing in yesterday's Financial l
      FT  -  476 words
    • Article
      Lock icon EU agrees on new company listing rules
      166 8 Reuter BRUSSELS European Union financc ministers yesterday agreed on new rules to allow companies whose shares are already listed on one EU exchange to seek other listings without having to go through lengthy and costly procedures. The new rules, which will come into
      Reuter  -  166 words
    • WORLD WATCH
      • Article
        Lock icon Russia dumps ethnic affairs minister
        96 8 UPI MOSCOW A reshuffle in the Russian Cabinet has left Deputy Prime Minister Sergei Shakhrai shorn of his duties as nationalities minister, though he retains his post as deputy prime minister, Itar-Tass said. Nikolai Yegorov, a 42-year-old former governor of Russia's troubled southern frontier province,
        UPI  -  96 words
      • Article
        Lock icon Reforms blocked, Polish minister quits
        70 8 Reuter WARSAW The minister in charge of revamping Poland's state administration resigned on Sunday, saying the left-wing government was blocking the reforms. Michal Kulesza accused the government of rebuilding a communist-stylc power structure in the state administration. "In my opinion, brakes are being put on
        Reuter  -  70 words
      • Article
        Lock icon Small rise in UK output prices
        61 8 AFP LONDON Britain's output priccs rose by 0.3 per ccnt in April from March, compared with a revised 0.2 per ccnt in March, provisional seasonally corrected figures from the Central Statistical Office show. Over the year to the end of April, output priccs rose
        AFP  -  61 words
      • Article
        Lock icon More migrants settle in east Europe
        79 8 Reuter BUDAPEST Growing numbers of migrants bound for Western Europe from the Middle East, Asia and Africa arc settling at least temporarily in Eastern Europe. "With stricter immigration control in Western countries, hundreds of thousands find themselves in a holding pattern throughout the region,"
        Reuter  -  79 words
    • Article, Illustration
      Lock icon Nowhere to hide
      56 8 Reuter KABGAYI, Rwanda A little boy, one of several hundred lutsis who have taken refuge in a stable on the grounds of a Catholic seminary, shivering under his coat. Conditions in the camp are deplorable and the lutsis arc in constant fear of theii lives as the
      Reuter  -  56 words
    • Article
      No profit from enmity a lesson for S'pore: SM Lee
      553 8  -  Reports by Agnes Chen SINGAPORE While the Middle-East hopes to learn from Singapore's success story, Singapore and its neighbours can also draw some lessons from the Middle-East experience, said Senior Minister Lee Kuan Yew. The first lesson is: "never, never,
      553 words
    • Article
      Construction firms' chance to look at Jordan opportunities
      303 8 SINGAPORE The government will ask local construction companies to consider sending a delegation to study business opportunities in Jordan, says Senior Minister Lee Kuan Yew. This is in response to a suggestion from Jordan's Industry and Trade Minister Kima Khalaf Hunaidi that
      303 words
    • Article
      Lock icon S Africa creditworthiness set to improve: EIU
      319 8 Reuter LONDON South Africa's creditworthiness is likely to improve steadily over the next six to 12 months as a result of the successfully staged first multiracial elections, the Leo no mist Intelligence Unit (LIU) said yesterday. In its latest Country Risk Review. South
      Reuter  -  319 words
    • Article
      Lock icon Berlusconi faces confidence vote
      388 8 Reuter ROME Prime Minister Silvio Berlusconi, hours before a Senate confidence debate that will decide the life of his fledgling coalition, yesterday appealed to the opposition to give him a chance to govern. Mr Berlusconi, sworn in last week at the head of a government that
      Reuter  -  388 words
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      Page 8 Advertisements Column 1
      76 8 I Suntec City Tower. The largest office fll I For details on the Business Capital of Asia, call Suntec City: 295 2888, Jones Lang WoB fflßj At 28,000 sq. ft. per floor, the 18-storey Suntec City Tower has the largest and most efFicient floor plates within the CBD. As part
      76 words
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  • SPORTS
    • Article, Illustration
      Lock icon Montgomerie wins Spanish Open with final-hole birdie
      404 9 Golf AP MADRID, Spain Colin Montgomerie of Scotland hit his approach shot within 60 cm of the pin and tapped in for birdie on the final hole to win the U*****,000 (Ssl.2 million) Spanish Open by one stroke. It appeared that Montgomerie, the
      AP; AFP  -  404 words
    • Article
      Lock icon Club offers Seve US$l m for support
      445 9 AP MADRID Seve Ballesteros, who resigned from the 1997 Ryder Cup Committee because of his open support for a dark horse venue, said on Sunday that the front-runner to land the event Valderrama Golf Club had ottered him about US$l million (S$ 1.55
      AP  -  445 words
    • Article
      Lock icon Lancaster wins historic play-off
      201 9 AFP DALLAS, Texas Neal Lancaster won the biggest sudden death play-off in the history of the PGA Tour on Sunday, beating five other players to win the weather-shortened Byron Nelson Classic. Lancaster claimed the first victory of his five-year Tour career with a 1.2 m birdie
      AFP  -  201 words
    • Article
      Lock icon Indiana show their pace at home or on the road
      759 9 1994 NBA play-offs AP INDIANAPOLIS. Indiana Phoenix and Houston win only on the road, Chicago and New York win only at home. The Indiana Pacers win anywhere. The Pacers, who never before had advanced past the first round of the
      AP  -  759 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Baseball
        70 9 AP NEW YORK Major League Sunday American: Cleveland 11 Detroit 6; Milwaukee 1 NY 12; Minnesota 5 Baltimore 2; Kansas City 2 Oakland 6; Texas 6 Chicago 9; Seattle 9 California 5; Toronto at Boston. National: Montreal 9 St Louis 8; Philadelphia 1 Pittsburgh 0; NY I Atlanta 6;
        AP  -  70 words
      • Article, Illustration
        Lock icon Basketball
        41 9 AP NEW YORK NBA Conference semifinals Sunda> Eastern: Indiana 102 Atlanta 86 (Indiana leads best-of-seven scries 3-1); Chicago 95 NY 83 (Scries tied 2-2). Western: Phoenix 96 Houston 107 (Series tied 2-2); Denver 83 Utah 82 (Utah leads 3-1). AP
        AP  -  41 words
      • Article, Illustration
        Lock icon Cycling
        67 9 Reuter WINSTON-SALEM, North Carolina Russian Viatcheslav Ekimov. who rode strategically for the previous five days, pedalled to another dominating time trial victory on Sunday and captured the Tour DuPont racc over hard-luck Lance Armstrong of the US. Riding into a strong headwind. Ekimov, 28. captured the 26.7 km Kernersvile
        Reuter  -  67 words
      • Article, Illustration
        Lock icon Golf
        199 9 AP DALLAS, Texas Rain-shortened B\ron Nelson Classic final scores Sunday (Two rounds played, US unless stated): 132 Ncal Lancaster 67-65 (won at first play-off hole). David Ogrin 64-68. David Edwards 67-65, Mark Carnevalc 65-67, Tom Byrum 68-64, Yoshinori Mizumaki (Jpn) 66-66 133 Brad Bryant 66-67 134 Bob Gilder 67-67.
        AP  -  199 words
      • Article, Illustration
        Ice hockey
        22 9 NEW YORK Stanley Cup Eastern Conference Finals Sunday: NY 3 New Jersey 4 (OT2. New Jersey leads best-of-seven scries 1-0).
        22 words
      • Article, Illustration
        Lock icon Motor-racing
        46 9 AFP MONACO Monaco Grand Prix standings Sunday: 1 Michael Schumacher (Ger) Benetton Ford Ihr 49min 55.3725 ec 2 Martin Brundle (Brit) McLaren-Peugeot at 37.2785 ec 3 Gerhard Berger (Aus) Ferrari 1:16.824. Overall standings: I Schumacher 40pts 2 Berger 10 3 Ruben Barrichello (Bra) 7. AFP
        AFP  -  46 words
      • Article, Illustration
        Lock icon Tennis
        115 9 AP AFP ROME If he needed another booster in this extraordinary season. Pete Sampras has found one in Boris Becker. Sampras had just won his 27th straight match, lifted his 1994 record to 39-2 and captured his first major clay court title the Italian Open. In doing so. he
        AP; AFP  -  115 words
    • Article, Illustration
      Lock icon Manchester fans welcome their heroes
      131 9 AFP MANCHESTER, England Around 25,000 fans welcomed Manchester United's history-making heroes during a victory parade here on Sunday. Alex Ferguson and his stars, winners of the FA Cup and League champion- ship. were driven through the streets in an open-top double-decker bus. Just 150 supporters
      AFP  -  131 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      92 9 i largest office floor plates in the CBD. in tec City: 295 2888, Jones LangWootton: 220 3888 or Knight Frank: 222 1333. HHH| nt in Singapore, it offers state-of-the-art facilities and access to 3,200 covered parking lots. Its design incorporates the latest in integrated building automation, befitting an address that
      92 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      364 10 mssm Noll ling Beats A Bud. BHffifl where to wine, dine and entertain P*INO OK FRESPfI .PASTA bAI LY. W From Pasta Fresco. Tho only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped With Italian hospitality. Pasta Fmco Da
      364 words
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      Page 10 Advertisements Column 2
      350 10 ■■machine A good reason to visit Mischief the fun pub: From spm to Bpm dally, beer and house pouring drinks are at only $3.50++ each. Mischief Is open from 11 am to lam daily 4m. (tffl 2am on Fridays, Saturdays JO eve of public holidays) For reservations, please call 737
      350 words
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      Page 10 Advertisements Column 3
      379 10 menu. Sample j%) I too our other specialties like "2T Bird's Nest A JLi dishes, Herbal k Soups and Tim Hotel a Let Us Make Your Wedding Memorable aD II you're planning a wedding dinner, talk to our ,riend,y and e 'P^ u nranagers to make it more memorable. V
      379 words
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      Page 10 Advertisements Column 4
      420 10 111 N ill A T TII K CIIATTK R 11 O X 13 22 May 1994 4 chefs from Loi Lai Sheraton have mode a come back due to popular demand Don t miss this opportunity to savour authentic laiwanese dishes during the food promotion •utt«t lunch $20 SO** (Adult)/SI2
      420 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Art and the discreet architect
      664 11  -  To architects, Maya Lin is an artist. To artists, she is better known as an architect Carol Vogel ponders which camp this artistic architect belongs to Carol Vogel IHT SAY Maya Lin's name to architects and they will tell you she's really an artist. Mention
      IHT  -  664 words
    • Article, Illustration
      Lock icon Honours for Sting
      44 11 Reuter BOS lON Rock star Sting being hooded and presented with an honorary Doctor of Music degree by Bcrklec College of Music dean Gary Burton (left), and Berklee president l-ee Eliot Berk during commencement ceremonies at the college on Sunday. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Bandit Queen comes to Cannes
      308 11 CHATTERBOX UPI Reuter UPI UPI AN UNUSUAL guest at the Cannes film festival this year is Phoolan Devi, who recently finished serv ing a 10-year prison sentence in India. Devi was accused of murdering 22 men and terrorising an entire state during her career as
      UPI; Reuter; – UPI  -  308 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      123 11 ft > Enjoy the delicate temptation of the finest Cantonese dian xin for lunch, freshly prepared by our team of Hong Kong chefs. And what better place than the Summer Palace to eat to your heart's content. the (Regent C s Singapore 1 A Four Seasons Recent Hotel 1; •ww!'
      123 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1308 11 TV RADIO strange hired to look after their infant son. out the is some bloodthirsty, tree-worshipper s who sacrifices babies. Sounds B like a weirder version Hand That Rocks The Cradle, only the nutty is played M Summer School, 8.30pm, TV 2 Mark and Kirstie eomedy about v high school
      1,308 words
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  • PROPERTY & CONSTRUCTION
    • Article
      Suburb apartment prices closing up on prime areas
      810 12  -  Abdul Hadhi finds out why prices of private apartments in the suburbs are rising faster than those in the fashionable districts Abdul Hadhi PRICES of private apartments in nonprime areas are rising faster than those in the prime districts of 9, 10
      810 words
    • Article
      Lock icon Morgan Stanley expects HK apartment prices to drop 20pc
      543 12 Bloomberg Business News HONGKONG apartment prices will probably fall around 20 per cent in the current quarter and are unlikely to recover until next year, according to Morgan Stanley (Asia) managing director Peter Churchouse. "I think you will see that prices
      Bloomberg Business News  -  543 words
    • REGIONAL SKYLINE
      • Article
        Good response to Asiawide project
        38 12 SINGAPORE Local developer Asiawide Group says it has sold more than 200 of the 409 units at its Vista Kiara project, in Jalan Bukit Kiara, Kuala Lumpur, within a fortnight of the launch.
        38 words
      • Article
        S'pore group buys Sydney property
        80 12 SYDNEY A syndicate of Singapore investors has bought 18,500 sq m of office and warehouse space on 2.7 ha of land in the western Sydney suburb of Smithfield for A 56.2 million (556.9 million), according to the Australian Financial Review. The initial yield is said
        80 words
      • Article
        Bangna Place condo project 50pc sold
        84 12 BANGKOK Bangna Place Realty, a joint venture between the Thai Wah Group and Liang Court of Singapore, says it has sold 50 per cent of the units in its first four buildings at its Bangna Place condominium project. Sales began in January and the
        84 words
      • Article
        HK buyer buys Bangkok building
        60 12 HONGKONG A Hongkong buyer has paid HK5431.1 million (5586.2 million) for a prime Bangkok office building, said the South China Morning Post. The Far East Consortium International, through wholly-owned subsidiaries, has bought the 33storey ATM Tower. The building, which should be completed in two years,
        60 words
      • Article
        Aussie prestige homes market picks up
        80 12 BRISBANE Estate agents have reported a recovery in the prestige housing market, with record sales in the first quarter of this year, said the Australian Financial Review. According ,to research by valuer Heron Todd White, more than 700 homes costing A 5200,000 (*****,000) or
        80 words
      • Article
        Accor to develop 2 hotels in India
        73 12 I I SINGAPORE Sydney-based hotel group Accor Asia Pacific has signed a franchise agreement with the Oberoi group to develop more Novotel hotels in India. A 120-room hotel in Jaipur and a 140-room hotel in Udaipur will open in the next two years.
        73 words
    • Article, Illustration
      Lock icon Developers can benefit from time-share schemes
      834 13  -  Programme is a tremendous business opportunity for resort owners. RCI Asia-Pacific managing director John Fleming tells A J Leow A J Leow Time-share programmes can help Asian developers and resort property owners enhance their real estate portfolios. These schemes also enable them to tap
      Photo by Chris Loh  -  834 words
    • Article, Illustration
      20 pre-war shophouses up for auction
      334 13  -  By Ven Sreenivasan TWENTY pre-war shophouses will be put up for auction at the World Trade Centre on May 24. They include five units at Tessensohn Road; two units at Stanley Street; one each at Pegu Road and Martaban Road; two adjoining units at
      334 words
    • Article
      S-E Asia to get three more time-share watchdogs
      421 13 THREE new national timeshare associations are expected to be formed in Southeast Asia before the end of this year, said RCI Asia-Pacific director Peter Chua. These watchdog bodies in Singapore, Thailand and Indonesia follow a similar one set up in Malaysia in
      421 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      222 12 E I h n i i i i i i i At Henry, we don't ask you to look at plans and visualise how your new I I office should look. Instead we set up i I I a portion of your new office in our I 12,000 sq. ft.
      222 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      120 13 (Either En-bloc or Separately) DONT MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY! Altogether 13 units of 2 and 3-storey Conservation shophouses undergoing restoration works for restaurant/shop/office usage. Parcel A 101-109 TELOK AYER ST 783.4 sqm Parcel B 111-115 TELOK AYER ST 7,9,11,15 BOON TAT ST 616.9 sq m Parcel C
      120 words
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  • Article
    Putting Australia back to work
    599 14 EDITORIAL FINANCIAL and stock markets Down Under have been reassured by the Budget announced by Australian Treasurer Ralph Willis. The main reason: the projected deficit for the year to June 1995 has been reined in at A$ 11.7 billion (S$ 13.1 billion). This contrasts with
    599 words
  • WHAT THE OTHERS SAY
    • Article
      China's risky skies
      256 14 WHEN air crashes began to occur in quick succession in China two years ago, the Civil Aviation Authority of China responded by waging a high-profile campaign to improve safety. But the crashes and the spurt of hijacking last year showed that it had had little effect. This
      256 words
    • Article
      Save the Yemeni 'marriage'
      125 14 AFTER four years of "marriage", the Yemenis are fighting again. The two countries were reunited in May 1990 to fulfill a 400-year-old dream though both sides knew that, in many aspects, they did not share a common ideology and aspirations. Leadership conflicts and divided loyalties further
      125 words
    • Article
      Share the fruit of success
      147 14 THE National Wage Council (NWC) has for the first time suggested that companies that do well should consider giving their employees a one-off special bonus. These companies should also be flexible enough not to limit the amount of the variable bonus to the agreed sum
      147 words
    • Article
      Unfinished business
      158 14 THE DECISION by the United Nations to leave Cambodia without attending to its most serious problem now haunts that nation. The unfinished business of the Khmer Rouge consumes huge amounts of the energy of the fledging Cambodian government. It also seriously taints its relations with its neighbours, especially
      158 words
    • Article
      Imparting the right lingo
      102 14 SURVEY RESULTS show that at the end of primary school after some five years of Chinese-medium education and learning English as a foreign language only 30 per cent of children are equipped to make the shift to full-time English-medium education in secondary school. No similar survey
      102 words
  • Article, Illustration
    Damned if he does and damned if he doesn't
    958 14  -  Yogi Aggarwal examines Indian Prime Minister P V Narasimha Rao's predicament on his current visit to the United States Yogi Aggarwal The writer is a Bombay-based journalist who contributes to BT INDIAN Prime Minister PV Narasimha Rao's visit to the United
    958 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      71 14 Singapore The most extensive handbook on careers Used by: w Job seekers Secondary school leavers Graduating students of ITEs and JCs Students of polys and universities Contains comprehensive information on: Career opportunities, job descriptions, salaries, entry requirements, training, etc. Job application and interview tips Over 160 job categories To find
      71 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      131 14 limPvG.Ne YOU'Re instead OF INTO THE HIGH ftBoVCTHELMYLeSI'RuOGe V- ST V NG H y HGK Y- :7 PfeNTHOUS£ R£ST*URPiNr YOC e>u<th£ &e HS THINK \Tec"f\ fcORRIDO^S^RwifY HPl2> vnPpe p> ro\ ST F\Ke) \jSpTFV G J DOONESBURY GARRY TRUDEAU ...ANDSOJN A SENSE. yOUR ALMA ...WHETHER THATBE 6RAP Kl m UIETURN YOURUVESBACK
      131 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon H shares don't mean hot deals anymore
      1485 15  -  From Hongkong, Lim Soon Neo reports that the excitement over the listing of Chinese state-owned enterprises in the colony is abating. And Rone Tempest examines how ordinary Chinese are finding out that the stock market route to riches is fraught with danger Lim
      Source: Credit Lyonnsis Sec Asia  -  1,485 words
    • Article
      Lock icon Wild, sometimes tragic, ride on China's bourses
      1261 15 Los Angeles Times LIN JIANHUA's short, spectacular career as a stock market player ended tragically, when he jumped to his death from the 11th floor of the Second Light Industrial Corp building last November in his native Hangzhou. For a few months, the
      Los Angeles Times  -  1,261 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      595 15 BUSINESS TIMES TOLL-FREE TEL. No. 1-aOO-741-1883 FAX:74I-t298 ||S3 ROYAL BANK OF CANADA flffffl FINANCIAL STATEMENTS FOR THE FISCAL FDJJdUW YEAR ENDED OCTOBER 31. 1993 Consolidated Balance Sheet Consolidated Statement of Income (in millions of dollars) (in millions of dollars, cxcept per share amounts) October 31. October 31. Year ended Year
      595 words
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  • Article
    Lock icon US senator pushes for trade sanctions on China over human rights
    433 16 Reuter WASHINGTON Senate Democratic leader George Mitchell favours punishing China with trade sanctions unless it improves its human rights record in the next two weeks. In remarks that could complicate a decision President Bill Clinton must make by June
    Reuter  -  433 words
  • Article, Illustration
    S'pore urges Asean to fight trade protectionism in new guise
    486 16  -  By Chuang Peck Ming SINGAPORE Singapore has called on Asean to fight trade protectionism which now comes under the guise of demand for workers' rights in developing countries. "Asean's collective voice in international labour issues like protectionism carries increasing weight
    486 words
  • Article
    Commodity prices leap to year's highs
    414 16  -  From Neil Behrmann in LONDON FUND managers and other speculators continued to pour funds into commodities yesterday and prices of copper, nickel, aluminium and coffee leapt to new 1994 heights. Nickel set the pace on the London Metal Exchange (LME), jumping 3.5 per cent
    414 words
  • Article
    Lock icon US industrial output in its 11th straight rise
    311 16 AP KnightRidder WASHINGTON The Federal Reserve yesterday announeed that industrial produetion inereased in April for the 11th straight month, rising 0.3 per cent. It also said that industry was operating at a steady 83.6 per eent rate, unchanged from March, and maintaining
    AP; Knight- Ridder  -  311 words
  • Article
    Lock icon China's trade deficit falls US$ 20m in first four months
    293 16 Bloomberg Business News BbIJING China reduced its trade deficit to US$l.75 billion (552.7 billion) in the first four months of this year, down US$2O million from a year earlier. The official China News Service yesterday said the reduction came through
    Bloomberg Business News  -  293 words
  • Article, Illustration
    S'pore economy on a roll — how long will it last?
    725 16  - S'pore economy on a roll how long will it last? The Bottom Line PATRICK DANIEL PATRICK DANIEL The writer is editor of BI Economic growth of 11 per com is almost too good to be true. Hut then again, with yesterday's first-quarter result, the Singapore eeonomy has galloped at a
    725 words
  • Article
    Lock icon EU finance ministers grapple with ways to bolster recovery
    460 16 Reuter BRUSSELS European Union finance ministers breathed a collective sigh of relief yesterday that their economies were starting to strengthen, but argued with the European Commission on how best to bolster the recovery. Economic Affairs Commissioner Hcnning Christophersen told the ministers
    Reuter  -  460 words
  • Article
    Lock icon Hata's fax-an-idea appeal strikes a chord in Japanese public
    415 16 AP TOKYO In an unusual experiment with direct democracy. Prime Minister Tsutomu Hata is asking Japanese to fax him their suggestions for governing. and a thousand people have done so in just four days. It is not the kind of thing
    AP  -  415 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      SSL bags $102 m from sale of Cluny Park bungalows
      338 17  -  By Lilian Ang SINGAPORE Straits Steamship Land has raked in a hefty $102 million from the sale of 12 bungalows at Cluny Park its latest residential project here. The property-based group said yesterday the freehold bungalows, priced at between $8
      338 words
    • Article
      Carnaud Metalbox in US$ 30m China tie-up
      271 17 SINGAPORE CarnaudMetalbox Asia Ltd (CMBA) is investing in a US$3O million (5546.5 million) joint venture in China to manufacture and sell beverage cans. CMBA yesterday said it had signed a joint venture agreement in Paris, on May 13, with the China National Packaging
      271 words
    • Article
      Wearnes Tech in joint venture with Thakral
      264 17 SINGAPORE Wearncs Technology, the information technology arm of Singaporelisted WBL Corp, has formed a joint venture with Thakral Technology to make and market personal computers. In a statement yesterday, Wearnes said the joint venture Wearnes Thakral Pte Ltd (WTPL) would have an authorised
      264 words
    • Article
      LKN forms Qingdao, Malacca tie-ups
      253 17 Si NGAPORE Lim Kah Ngam Ltd, through two wholly owned subsidiaries, formed two joint ventures last week. One will build a hotel in Qingdao in China, and the other will participate in building a commercial complex in Malacca. LKN Investment International Pte Ltd signed a
      253 words
    • Article
      Hicom is more than a mere pricey motor stock
      790 17  -  HOCK LOCK SIEW By William Chia SINGAPORE It is not surprising that some analysts consider recently-listed Hicom Holdings Bhd as just a motor stock and a pricey one at that. After all, Hicom which was listed in January this year through
      790 words
    • Article
      Alan Yeo tells employees why he backed Wing Tai
      304 17  -  By Joyce Quek SINGAPORE Alan Yeo, the embattled chairman of food and beverage manufacturer Yeo Hiap Seng Ltd (YHS). yesterday explained to his employees why he had supported the abortive bid by garment manufacturer Wing Tai to buy into the company.
      304 words
    • Article
      Liang Huat in venture to set up US$ 6.8m plant in China
      122 17 SINGAPORE Main-board aspirant Liang Huat Aluminium has entered into a joint venture with two Chinese state-owned agencies to set up a US$6.B million (5510.5 million) aluminium extrusion plant in Nanhai, China. The joint-venture company, incorporated last Thursday, has
      122 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        44 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment brokers polled Barings, hraser. UK (ioh. Kay Hian Morgan Urenfell. Phillip. Smith /VW Court. H I Carr and SU W arburg
        44 words
      • Article, Illustration
        HOT STOCK
        145 17  -  By Paul Leo Buy United Engineers at $3.04 as technical factors have turned positive. Daily Relative Strength Index has bounced up from oversold region and has risen above its previous peak. Weekly RSI has also bounced up from oversold region, indicating a sharp decline in prices is unlikely.
        145 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          SPH seeks trading suspension
          35 18 SINGAPORE In a statement to the Stoek Exchange of Singapore yesterday, Singapore Press Holdings requested temporary suspension of trading of its shares pending an announeement. The suspension is with immediate effect.
          35 words
        • Article
          Hsu Tse Kwang steps down
          59 18 SINGAPORE Hsu Tse Kwang, a director with DBS Bank since February 1991, had decided not to seek re-election to the board at the bank's AGM held on May 14. The bank said in a statement that Dr Hsu had made a valuable contribution to the
          59 words
        • Article
          Haw Par gets approval
          93 18 SINGAPORE Haw Par Brothers has received in-prineiple approval from the Stock Exchange of Singapore for the listing and quotation of its bonus issue of up to 19.766 million new ordinary' $1 shares in the ratio of one for 10 existing shares held. Approval has also been
          93 words
        • Article
          Hour Glass sets up S'pore, HK units
          77 18 SINGAPORE Listed watch dealer The Hour Glass yesterday announced it has set up two new subsidiaries in Hongkong and Singapore to sell Bertolucci watches and jewellery in the Asia-Pa-cific region. In a statement to the Stock Exchange of Singapore, Hour Glass said the
          77 words
        • Article
          Hup Seng Huat buys shelf company
          86 18 SINGAPORE Hup Seng Huat in a statement to the Stock Exchange of Singapore yesterday said it had acquired a shelf company, Deluxe Attempt Sdn Bhd in Malaysia, which has become a wholly-owned subsidiary with an authorised capital of Mss million (552.95 million), and a
          86 words
        • Article
          Causeway's holders sell shares
          52 18 SINGAPORE Causeway Investments Ltd said yesterday that two substantial shareholders the Hongkong-based DMT Capital Ltd and DMT Investment (HK) Co Ltd had sold a total of 1.3 million shares for a total of $3.17 million over two days May 12 and 13 at an average price
          52 words
        • Article
          Bangkok Bank earnings down 4.3 pc
          42 18 BANGKOK Thailand's largest bank, Bangkok Bank pic, yesterday reported first-quarter results 4.3 per cent lower than in the same period in 1993 at 3.55 billion baht, the only major Thai bank not to show an increase.
          42 words
      • Article
        Lock icon Tenaga Nasional's pre-tax down 14pc to M$ 787m
        206 18 Bernama KUALA LUMPUR Tenaga Nasional Bhd's group pre-tax profit fell 14 per cent to Ms7B7 million (***** million) for the half-year ended Feb 28. 1994, from the previous six months, eroded by M 5249 million foreign exchange translation losses caused by the
        Bernama  -  206 words
      • Article
        Lock icon JCE's new shareholders feel impact of securities panel's new rules
        449 18 MBT KUALA LUMPUR The new controlling shareholders of Jack Chia Enterprises Bhd (JCE) are among the first to feel the impact of the Securities Commission's strict criteria on the acquisition of assets which lead to a change in business direction
        MBT  -  449 words
      • Article
        Lock icon Int'l Timber plans US$ 600m pulp project
        301 18 Reuter JAKARTA PT International Timber Corporation Indonesia (I I CI), one of the country's largest integrated plywood and woodworking firms, plans to set up a US$6OO million (SS93O million) pulp plant project in Balikpapan, West Kalimantan. Abbas Adhar, president director of ITCI, said
        Reuter  -  301 words
      • Article
        Berjaya enters into two timber deals in Solomon Islands
        420 18  -  From Ho Kay Tat in KUALA LUMPUR TUB QUEST for timber rights has not diminished as Berjaya Group Bhd announced yesterday it will invest US$6O million (SS93 million) in Solomon Islands* forestry industry, for which it will be granted timber concessions
        420 words
      • Article, Illustration
        Lock icon HPL takes on HK Hard Rock partner
        381 18  -  By Abdul Hadhi SINGAPORE Ong Beng Seng's Hotel Properties Ltd (HPL) has taken on a Hongkong property company as a partner in running its Hard Rock Cafe operations in Hongkong, China and Portu-guese-administered Macau. In a statement issued in the territory yesterday, a
        Reuter Tile photo  -  381 words
      • Article
        Lock icon SMI tipped to be listed vehicle for Ipoh-based stockbroker
        358 18 NST KUALA LUMPUR South Malaysia Industries Bhd (SMI) is strongly tipped to be the listed vehicle for Ipoh-based stockbroking firm Kin Khoon Co Sdn Bhd. Besides SMI. Pegi Malaysia Bhd and Gula Perak Bhd arc the two other names bandied as
        NST  -  358 words
      • Article
        Lock icon Ekran yet to start up Iranian project
        346 18 Bernama KUALA LUMPUR Lkran Bhd, led by Sarawak's Ting Pek Khiing. has yet to kick off the proposed mammoth development of Qeshm Island in Iran, which was announced in December 1992. Iran's Industries Minister Mohammad Reza Nematzadeh. who is on a six-day official
        Bernama  -  346 words
      • Article
        Reclusive MUI chief returns to the spotlight
        568 18  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIAN tycoon Khoo Kay Peng, a corporate highflyer who has spent the last decade or so as a virtual recluse. returns to the spotlight today at an event that could mark a turning point for his
        568 words
      • Article
        Lock icon Aokam puts China venture on hold due to lack of funds
        268 18 Bernama KUALA LUMPUR Tim-ber-based Aokam Perdana Berhad has put on hold its proposal for a joint venture in China due to lack of funds, managing director Teh Soon Seng said yesterday. "We have no money, how can we talk
        Bernama  -  268 words
      • Article
        UNIT TRUSTS & FUNDS
        525 18 UNIT TRUSTS FUNDS Managers' pric#» Ma> 17 US Gr Fund I 00 I 04" Singapore Unit Trust Invest Mgt Ltd rhc Commerce 1.67 l.77*d I 'nifund I 45 1.51 The Swings Fund 1.55 1 64 1 7 S'pore Prog Fund 0 71 0 75 niedOrFund' 67 |J4 S pore SeeFund
        525 words
      • Article
        Lock icon HK Telecom tipped to post 14pc growth in profit
        423 19 Reuter HONGKONG Giant monopoly Hongkong Telecommunications Ltd ploughed through rising eompctition, cuts in international rates and a change in top management to post 14 per cent profit growth in the year ended March 31, according to analysts. They predict an even
        Reuter  -  423 words
      • Article
        China Strategics profit surges 138 pc to HK$ 153m
        401 19  -  From Lim Soon Neo in HONGKONG CHINA Strategic Investment Ltd, a company controlled by Singaporean Oei Hong Leong, yesterday reported a 138 per cent jump in consolidated profit to HK5152.7 million (5J30.54 million) for the financial year ended Dec 31, 1993.
        401 words
      • Article
        Lock icon Asia Securities to invest in China brewery
        298 19 Eastern Express HONGKONG Asia Securities International, the property investment arm of Hongkong China, is planning to invest in a brewery in northern China through its 40 per cent-owned joint venture, Chariot. The investment, worth about US$2OO million (Ss3lo million), is part of an
        Eastern Express  -  298 words
      • Article
        Lock icon High rents, wages bite into HK Crocodile profit
        301 19 Bloomberg Business News HONGKONG Crocodile Garments, a retailer and manufacturer of clothing, said its after-tax profit slumped 15.9 per cent in the six months ended Jan 31 due to the impact of Hongkong's soaring rents and rising salaries on its costs. "Operating
        Bloomberg Business News  -  301 words
      • Article, Illustration
        Lock icon China stock markets cool to delay of issues
        449 19 Reuter SHANGHAI China's two stock markets reacted coolly yesterday to an official decision to delay new issues, with brokers saying that fears of inflation and a scll-oIT of treasury bonds still weighed on investors' minds. On Saturday, the State Council Securities Committee
        Reuter; Reuter file photo  -  449 words
      • COMPANY BRIEFS
        • Article
          Lock icon HK's Noble to offer 80m new shares
          101 19 Bloomberg Business News HONGKONG Slccl product supplier and dry bulk cargo carrier Noble Group Ltd plans to raise HK582.4 million (5516.4 million) through an initial public offering of 80 million new shares to strengthen its steel trading business. The new shares, representing 25
          Bloomberg Business News  -  101 words
        • Article
          Lock icon Mandarin, Trafalgar in Ritz talks
          72 19 Reuter LONDON Mandarin Oriental International is in discussions with Trafalgar House with regard to a possible management agreement for the Ritz Hotel in London, which is owned by Trafalgar. Mandarin Oriental yesterday said no agreement had yet been reached and no further announcement would be
          Reuter  -  72 words
        • Article
          Lock icon Shares in Tianjin Bohai
          83 19 Bloomberg Business News HONGKONG China has asked investment banks Peregrine Capital and SG Warburg to buy new shares of Tianjin Bohai Chemical Industry that they had underwritten to make the initial public olTer fully subscribed. The South China Sunday Morning Post reported that Tianjin Bohai was
          Bloomberg Business News  -  83 words
        • Article
          Lock icon Sin Yih gets approval to raise funds
          113 19 Bloomberg Business News TAIPEI Sin Yih Ceramic Co, a construction tile maker, has received permission from the Securities and Exchange Commission to raise US$6O million (Ss93 million) through an overseas stock sale. The commission yesterday said the shares would be sold as global
          Bloomberg Business News  -  113 words
        • Article
          Lock icon Bidding for San Miguel site
          112 19 Bloomberg Business News HONGKONG San Miguel Brewery Hongkong yesterday said real estate companies Cheung Kong Holdings and Sun Hung Kai Properties had expressed interest in bidding to buy its existing brewery site in the territory. San Miguel Brewery, Hongkong's largest beer maker, first said on
          Bloomberg Business News  -  112 words
        • Article
          Lock icon Reuters, HP team up
          74 19 Bloomberg Business News LONDON Hewlett-Packard Co and Reuters Holdings pk: will jointly provide complete trading room systems for financial services companies. Reuters yesterday said Hewlett-Packard would ofTer Reuters Triarch 2000 digital information service on some of its workstations. The two will cooperate on international sales and
          Bloomberg Business News  -  74 words
      • Article
        Lock icon UK fund managers turn bearish on short-term Dow, FTSE: survey
        413 20 Reuter LONDON UK fund managers' optimism about the short-term prospects for the London and New York stock markets has shown a downturn over the past month, a survey showed. The monthly Gallup survey conducted for the Smith New Court securities
        Reuter  -  413 words
      • Article, Illustration
        Lock icon New 32-bit videogame machines won't spark price war: Nintendo chief
        381 20 Reuter KYOTO Japanese computer games giant Nintendo Co. in a departure from what appears to he the consensus elsewhere in the industry, insists the advent of faster, smarter 32-bit videogame machines will not spark a price war. Nintendo president Hiroshi
        Reuter  -  381 words
      • Article
        Lock icon Toshiba develops high capacity optical disc drive
        155 20 AFP TOKYO Japan's Toshiba Corp yesterday said it had developed an overwritable optical disc drive system which allows 606 megabytes of data including video pictures to be stored on a 3.5-inch disc. The company said the system, described as the world's first high
        AFP  -  155 words
      • Article
        Lock icon Australia begins trading in individual stock futures
        448 20 US markets. Bloomberg Business News SYDNEY Futures contracts on Australian's three largest capitalised stocks began trading yesterday on the Sydney Futures Exchange, with about 100 contracts purchased in the first hour. "It's going pretty well," said Les Hosking, chief executive of the Sydney
        US markets. — Bloomberg Business News  -  448 words
      • Article
        Lock icon US biotech firm's sudden price plunge stuns investors
        408 20 AT LOS ANGELES Without a product to market or its first dollar in sales, the small biotechnology company in California's Silicon Valley counted on the allure of a promising experimental drug to entice investors. It was not disappointed. Buoyed by predictions of
        AT  -  408 words
    • FINANCE & COMMODITIES
      • Article
        Thai rates set to rise on higher food prices
        374 21  -  From Alan Boyd in BANGKOK RISING agricultural prices are expected to push Thai bank interest rates higher in the next quarter, despite government assurances that inflation is under control. Unconvinced by central bank denials, the money markets expect a rise of
        374 words
      • Article
        Lock icon Reports of US banks' decline premature
        447 21 Reuter CHICAGO Just when the Ameriean banking industry was thought to be headed for the serap heap, some experts say it's not so beeause the barometers of banks' health are outdated and fail to give an accurate reading of the industry's vigour. "Just possibly,
        Reuter  -  447 words
      • Article, Illustration
        Lock icon Soros fund silent on premium fall report
        250 21 Reuter NEW YORK A spokesman for George Soros' Quantum Fund said the fund had no comment on a London newspaper report that the premium paid for Quantum shares has halved since the end of April. The article, which appeared in the Sunday edition
        Reuter  -  250 words
      • Article
        Lock icon Jardine Fleming tops list of researchers on HK firms
        120 21 Bloomberg Business News HONGKONG Research on major Hongkong companies by investment bank Jardine Fleming has been voted the best for the second successive year by the territory's fund managers. According to a survey by the South China Morning Post. published yesterday,
        Bloomberg Business News  -  120 words
      • SMALL CHANGE
        • Article
          Lock icon Taiwan's forex reserves hit US$ 86.8b
          68 21 KnightRidder TAIPEI Foreign exchange reserves held by Taiwan's Central Bank of China reached US$B6.B billion (S$ 134 billion) at the end of March, up from February's US$B6.2 billion, the central bank said yesterday. The bank also held 13.56 million troy ounces of gold reserves
          Knight- Ridder  -  68 words
        • Article
          Lock icon Rouble drops to 1,877 to the US$
          52 21 AFP MOSCOW The rouble dropped four points in trading yesterday and was quoted at 1,877 to the US dollar on the Moscow Interbank Currency Exchange. Volume of trade was low at USSIO.2 million with initial demand of U5540.85 million and otters of USS3B.I
          AFP  -  52 words
        • Article
          Lock icon Sino Pac lowers interest rates
          68 21 Bloomberg Business News I'AIPFI Bank SinoPac, an affiliate of Taiwan's ruling Nationalist Party, yesterday lowered interest rates on selected time deposits and loans to small businesses, the bank said. The move, the seventh interest rate reduction by a local bank since the end of April,
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Pakistan to probe bank scam
          43 21 AFP ISLAMABAD A judicial commission will investigate a multimillion dollar banking scandal allegedly involving Pakistani politicians and generals, a minister said. Interior Minister Naseerullah Uabar said the probe would be conducted by a panel of three judges. AFP
          AFP  -  43 words
        • Article
          Lock icon Greece raises rates to defend drachma
          93 21 Reuter ATHENS The Bank of Greece, the central bank, said it had raised its overdraft penalty rate and Lombard and discount rates. Greece removed all restrictions on capital movements at the weekend and rates have risen sharply to defend the drachma against speculators who
          Reuter  -  93 words
      • Article
        Lock icon Kuwait's bad debt plan may boost lending
        257 21 Reuter KUWAIT The country's biggest commercial bank says initial repayments to settle 5.7 billion dinar (5529.4 billion) in bad debt could spur domestic lending by the stagnant banking sector. "As the repayment of bad debt starts, the government may decide to start redeeming
        Reuter  -  257 words
      • Article
        Lock icon Inro to pick new stockpile manager
        468 22 Change comes as members prepare for new global pact in October AFP KUALA LUMPUR The International Natural Rubber Organisation (Inro) opened talks here yesterday, during whieh a new buffer stoek manager will be selected from six candidates proposed by the United States and the
        AFP  -  468 words
      • Article
        Lock icon Crude futures decline as gains seen as excessive
        184 22 ENERGY REPORT Bloomberg Business News Reuter LONDON Crude oil futures prices on both sides of the Atlantic fell between 15 cents and 25 cents a barrel as traders decidcd last week's gains were excessive. The June Brent contract was expiring yesterday after
        Bloomberg Business News; Reuter  -  184 words
      • Article
        Lock icon Yen swap decline may end soon
        433 22 Bloomberg Business News TOKYO A decline in yendenominated interest rate swaps will end soon, because the Bank of Japan has succeeded in lowering money market rates without cutting the discount rate, swap traders said. Japanese banks consider yen-denominated swaps their base interest rate for
        Bloomberg Business News  -  433 words
      • Article
        Lock icon China's gold output rises 17pc
        297 22 Bloomberg Business News BEIJING China's gold output grew 17 per cent in the first quarter of this year, but producers continued to sell some of their output illegally on the black market, the official China Daily newspaper reported yesterday. China maintains a tight grip on
        Bloomberg Business News  -  297 words
      • Article
        Lock icon Aramco plans to expand Philippine refinery
        204 22 Reuter MANILA Saudi Arabia Oil Co (Aramco) is looking to expand the Philippines' Petron oil refinery and make it an exporter in the region, Saudi Arabian Oil Minister and Aramco chairman Misham Na/er said on Sunday. "Depending on the economics involved, the refinery may
        Reuter  -  204 words
      • Article, Illustration
        Platinum continues to outshine gold
        398 22  -  From Neil Behrmann in LONDON PLATINUM'S price will hover around US$4OO an ounce this year because world demand is likely to rise sharply, forecasts Johnson Matthey. The precious metals refiner believes that platinum's trading range will be US$3BO to US$43O even though violence has abated
        398 words
      • Article
        Lock icon Iran sees 20pc rise in demand for M'sian palm oil
        126 22 Bernama KUALA LUMPUR Iran's demand for Malaysian palm oil is expected to grow by at least 20 per cent this year following the introduction of the Palm Oil Payments and Credit Arrangement (Popca) scheme, an Iranian official said. Askari Azad.
        Bernama  -  126 words
      • Article, Illustration
        Lock icon Banque Indousuez REGIONAL CURRENCY REPORT
        130 22 IT WAS a very quiet day yesterday for regional currencies, with the S$ strengthening and M$ weakening against the US$. Against the Ss, the US$ opened at 1.5520-30, down from 1.5535-40 on Friday. The release of higher than expected first-quarter growth figures of 11 per
        Charts by Dow Jones Telerate  -  130 words
      • Article
        Lock icon London
        174 22 Reuter LONDON The dollar turned in a solid performance in Europe, holding firm on the mark and recouping most of an earlier loss against the yen, as dealers looked eagerly towards today's Federal Open Market Committee meeting. Expectations the Federal Reserve will put an end to nagging market uncertainty
        Reuter  -  174 words
      • Article
        Lock icon New York
        82 22 Reuter NEW YORK The dollar opened stronger versus the mark but softer against the yen in the US as traders remained mostly sidelined ahead of the FOMC meeting. At the open, the dollar w?s quoted at 1.6737/44 marks, up from 1.6700/10 marks at Friday's elose. It slipped to
        Reuter  -  82 words
      • Article, Illustration
        Untitled
        1666 22 I rade ufi&ttnJ inje\ lukulalnl against S'pure's top 14 trading partners Hase yttr. 198$ US$/S$ forward rates Noon May 16 s$ Bid Offer 1-month 1 5482 1.5497 2-month I 5479 I 5494 3-month 1.5478 1 5493 6-month 1.5472 1.5492 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May
        1,666 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar, yen steady in moderate trade
        1368 23 SIMEX REPORT Reuter SINGAPORE Simcx Eurodollar and Euroyen futures closed steady in moderate trade. Dealers said Eurodollars were up earlier in the day on a technical correction and ahead of the Federal Open Market Committee meeting today. "But it is a bit risky to
        Reuter  -  1,368 words
      • Article
        Tin closes higher on firmer LME
        624 23 COMMODITY REPORTS Tin TIN closcd 12 son up at MS 14.21 a kg. reflecting a firmer London market and some keen buying support, traders said. "l"in is following a rise in the copper prices in London." one said, noting buying from Malaysian and Japanese
        624 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          HK fund's 2-year notes yield 6.4 pc
          78 23 HONGKONG The Hongkong Exchange Kund's auction for 2-year notes yesterday produced an average yield of 6.4 per cent, said the Hongkong Monetary Authority.The HKSSOO million (Ssloo million) offering features a coupon rate of 6.35 per cent payable semi-annually, and the average price accepted
          78 words
        • Article
          Metal prices boost commodities
          108 23 SYDNEY Gains in prices for metals are boosting commodity prices, the Commonwealth Bank of Australia's latest commodity price index shows. In US dollar terms, the CBA's measure of commodity prices rose 1.3 per cent, while the metals index rose 0.9 per cent on the week. On
          108 words
        • Article
          S Korea aluminium premiums peak
          104 23 SHOUL Price premiums on aluminium ingot have probably reached a peak, owing to ebbing domestic demand in South Korea. However, strong international demand and shipping delays continue to cause problems for traders here. Aluminium ingot premiums added charges tacked on by sellers to cover handling
          104 words
        • Article
          Aussie livestock prices lower
          64 23 SYDNEY A rebound in livestock supplies along with further declines in export prices in key markets have sent prices lower for most types of cattle over the past week. The Australian Meat and Livestock Corporation said the main exception was saleyard prices for cows, which rose
          64 words
    • Article
      COMMODITY PRICES
      1451 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jun 94 I I 153.75 I M75 Jul 154.25 154.25 154.00 475 2800 Aug 154.25 154.25 154.00 275 1950 Sep 154.00 200 3575 Oct/Dec 154.50
      1,451 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1159 24 +40.9 THE Australian bourse surged to its highest level in almost live weeks on the back of bullish resources and futures in moderate trade yesterday. The market indicator, the All Ordinaries Index, closed 40.9 points higher, or 1.98 per cent, at 2,110.9 its highest close since 2.114.7 on April
        1,159 words
      • Article
        Manila
        634 24 -35.05 Philippine share prices retreated 1.19 per cent yesterday on concern over an expected increase in short-term US interest rates and investors positioning for new public offerings, analysts said. The Philippine Stock Exchange Composite Index dipped 35.05 points to close at 2,902.23 as it continued a downward trend since
        634 words
      • Article
        Taipei
        576 24 +22.76 Taiwan stock prices closed oft" highs in active trade as assetbacked shares, food and construction stocks, which had lagged the market's recent rally, performed well, but brokers noticed potential selling at highs. The index ended up 22.76 points at 6,114.78, oft" a high of 6,153.24, in active turnover
        576 words
      • Article
        Seoul
        466 24 -0.71 Stocks closed a roller-coaster session slightly lower after consolidation in blue chips outpaced renewed interest in asset play counters and some lowpriced manufacturings. The Composite Stock Index shed 0.71 points to 941.67. "Buying was selectively placed in shares which recently fell drastically or which are forecast to have
        466 words
      • Article
        New Zealand
        302 24 +20.56 The market finished the first day of a new trading week strongly, buoyed by rises in selected leaders and gains in the Australian share market and local debt market. The NZSE-40 Capital Index closed up 20.56 at 2,126.25 on a healthy volume of NZ$43 million, of which
        302 words
      • Article
        Bombay
        96 24 +40.70 Share prices ended higher on buying by foreign funds and speculators, brokers said. The Bombay Stock Exchange 30-share index rose 40.70 points to a provisional 3,849.20. The 100-share National Index closed at 1,873.80, up 22.38 points. Brokers said speculators bought on hopes that the banned carry forward trading
        96 words
    • WORLD STOCK MARKETS
      • Article
        London
        659 24 -3.6 Share prices closed a few points lower on the FTSE 100 index in quiet trading awaiting an expected upward move in US rates today. The FTSE 100 ended 3.6 points off at 3,115.6 but the day's underlying move was slightly positive taking into consideration nearly five points of
        659 words
      • Article
        Paris
        156 24 +0.70 French shares closcd slightly higher after a moderately active session in which most players took to the sidelines ahead of today's Federal Reserve Open Market Committee (FOMC) meeting which could be followed by an interest rate increase in the United States. The CAC-40 index closcd up 0.70 points,
        156 words
      • Article
        Stockholm
        157 24 +o.7pc Swedish shares ended the day higher but off early peaks after falling debt market yields triggered profittaking in stocks. Index-giant telccoms group Ericsson continued to attract both foreign and domestic buying interest. The B-share jumped 13 crowns to 378. The OMX-indcx closcd up 0.7 per cent at 1185.9
        157 words
      • Article
        Frankfurt
        182 24 12.36 German shares closcd firmer but otT DAX's new year's high set in morning trading. Traders were fore- casting all-time highs this week after exp<xtcd US rate rise materialises and attracts fresh investors by restoring calm to markets. The DAX index closed at 2,271.11, up 12.36 points or 0.55
        182 words
      • Article
        Brussels
        189 24 +4.35 Belgian shares closed higher in moderate business as the market cautiously edged up to the top of its recent trading range on stronger bonds, further interest rate hopes and stronger European markets. The Bcl-20 index of leading shares closed 4.35 points, or 0.28 per cent, higher at 1,537.80.
        189 words
      • Article
        Amsterdam
        247 24 1.42 Dutch shares closed off session highs after a bout of late profit-taking rcduccd earlier gains built on the back of a firmer bond market. Dealers said the week's business got off to a quiet start after what was a fourday break for many people and ahead of an
        247 words
      • Article
        Zurich
        297 24 +21.06 Swiss shares lost some of their early gains in afternoon trading, but still ended higher, as investors became cautious ahead of today's meeting of the Federal Open Market Committee (FOMC), dealers said. A lower opening on Wall Street added to the cautious mood and investors were expected to
        297 words
      • Article
        Johannesburg
        336 24 -3 South African gold shares finished generally lower yesterday as they succumbed late in the day to a bullion price dip, dealers said. "The market has lost confidence with bullion at the moment," a dealer said. Other shares tended softer but showed little intention to break out of ranges
        336 words
      • Article
        Toronto
        248 24 +26.33 Stocks continued to rise at midday with gains in most sectors as investors sniff around for good buys, dealers said. Strong base metal, conglomerate and forestry product shares overpowered losses in communications and real estate. The TSE 300 composite index climbed 26.33 points to 4201.68 on volume of
        248 words
      • Article
        New York
        743 24 12.43 The Dow Jones Industrial Average, which added 6.84 points on Friday, was ahead 12.43 points to 3672.11 at 11 am EDT. The key barometer was down 7.37 points shortly after the market opened. The New York Stock Exchange composite index was ahead 0.45 to 246.21, while Standard
        743 words
      • Article
        Untitled
        797 24 Britannia Funds Sterling Ca*h Bid Offer M.m t ap Deposit 38 6400 )8 6500 Mini Jersey Gilt 0 18VJ 0 1992 Mim Max Income 0 9500 0 9900 IJS$ C ash Income Plus Fund 9 8600 10 )900 PS Reserve Fund 5 2600 5 2700 SlerliMg Equity Euro Performance 0
        797 words
    • Article, Illustration
      Lock icon HONGKONG
      3066 25 Bloomberg Business News HONGKONG The benchmark Hang Seng Index rose 1.3 per cent as investors sought out realestate issues that had fallen below prices that reflected their true earnings potential, traders said. Shares of leading real estate developer Cheung Kong (Holdings) led other real-estate stocks higher, said Willy Chau,
      Bloomberg Business News; Source: Bridge Info  -  3,066 words
    • Article, Illustration
      CHINA
      571 25 THE news that most of the A share IPOs would be postponed to next year did not have a large positive impact on the market yesterday, because this information has already been discounted. Both A markets have indeed edged up, but only by a small extent due to the
      571 words
    • Article, Illustration
      Lock icon TOKYO
      2596 25 Bloomberg Business News TOKYO Stocks yesterday gave up morning gains, as a rebound in the yen deflated a rally in electronics and technology shares, traders said. The Nikkei 225 benchmark average, which rose as much as 127.23 points to 20,397.98 in the morning session, closed down 82.31 points, or
      Bloomberg Business News; Source: Bridge Info  -  2,596 words
    • Article, Illustration
      Lock icon BANGKOK
      1819 25 Reuter BANGKOK Thai stocks rose sharply on bargain hunting of blue chips, especially in the banking sector, brokers said. The SET Index rose 31.67 points or 2.5 per cent to close at 1,290.84 on moderate turnover of 7.9 billion baht against Friday's 4.7 billion baht. "The index rose after
      Reuter; Source: Bridge Info  -  1,819 words
    • Article, Illustration
      Lock icon JAKARTA
      1165 25 Reuter JAKARTA Stocks closcd mixed in moderate trade on firm sentiment that the market has bottomed and the release of good first quarter results, brokers said. "Any real advance in the index will be prevented by the large block of sell orders still on the books but these will
      Reuter; Source:  -  1,165 words
    • Article
      CLOB INTERNATIONAL
      2728 26 Mulptu I nil 50c 2.022.000 l"AC b 50C 1.028.000 Wra Hyd 50c 1.011.000 Kamunling 50c 1.002.000 frame! 848.000 Bcqaya Ind 802.000 Lien Hoc PSR97 716.000 (icnling Inl USI 568.000 Innovca Btul 517.000 MBfHUp50c 4%.000 Bcrjaya leisure 494.000 Cons Plant 50c 469.000 fongkah Hldgs 451.000 Mulpha InlI 50c 4.629.780
      2,728 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares little changed as rate worries linger
        2118 26 Bernama KUALA LUMPUR Stocks were little changcd as concern about rising US interest rates kept investors reluctant to make major trades, traders said. "Foreign investors have been deadly quiet today and retail investors have also preferred to wait for the Fed's decision," said
        Bernama; Source: Bridge Info  -  2,118 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7485 27 Gr tic 1944 l-ast Vol l>ay lust Quod' Oi» Oi» Id Vet M Cap High lx>« Com pun) Sale H- ("000) High I.OW Buyer Seller Of S H/K Smil INDUSTRIAL AND COMMERCIAL 1350 206 t s Aetna 880 cd -25 35 900 880 875 890 17.5 2.1 2.0 14.1 606
        7,485 words
      • Article, Illustration
        Lock icon Market waiting for FOMC to wake it from slumber
        1795 28  -  By R Sivanithy SINGAPORE The release of strong first-quarter growth figures yesterday helped prop up blue chip prices. But the mood in the broader market was cautious ahead of tonight's interest rate meeting in the US. The Straits Times Industrials Index
        Charts by Bridge Info; Source: Bloomberg  -  1,795 words
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      251 17 NEWS VALUE flow today's news might affect your stocks S'pore economy posts strong Upc growth for first quarter (pg I) Better than expected, though market response was rather muted yesterday. Ng Teng Fong buys 6.56 pc stake In YHS (pg l) The more contenders, the better for YHS' minority shareholders.
      251 words
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      Page 19 Advertisements Column 2
      338 19 An International Conference iiiiiiii i i i i i i i i ASIAN CAPITAL MARKETS: GROWTH FRONTIERS June 19 21,1994 Kuala Lumpur Hilton, Malaysia Organised by Kuala Lumpur Stock Exchange (KLSE) Asian Securities Industry Institute (ASH) Keynote Address by Prime Minister Dato Seri Dr. Mahathir Mohamad Featuring an array of
      338 words
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      100 20 COSTUME JEWELRY from Sn Ld/iKd v rtong Kong LEATHER JACKET T* Korea AH wr ELECTRONIC WATCH Hflk /rom Malaysia XmiMKii^^Mß LEATHER BELT COTTON SHIRT /rom f/ie I SKIRT /rom Singapore STOCKINGS SHOES from Ifyou see it on the runways in New York and Paris, there's a good chance it came
      100 words
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      Page 23 Advertisements Column 2
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      36 words
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      65 24 Bs;v: np "TV*;** HP TVngak*k§ m |Vs mx <»« rin TV V HT usinessTimes Business Times Rusanesslmes BusraessTimes Business Times «> 2>=r >.<• ~i WOOV/UM Subscribe now and have your personal copy delivered to your doorstep. Customer Relations Section Circulation Department Singapore Press Holdings Limited •82 Genting Lane os a
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      59 25 Every time you spend $50 on your MasterCard card, your name goes into a lucky draw in which we're giving away three Business class return tickets for two to the 1994 World Cup Finals* plus $5,000 spending money. I The lucky draw will be held on June contact your MasterCard
      59 words
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      73 26 t" <S r *~J A s^l*- Ato na M MMM L- S WtM&be lUthcm-TrtstfrnmmP, 1 HMiOfcKJLO-T* KTEfINATWNAL PTE LTDIO6 I*** Road 106 02 BngM (*ar<* Sngapore 0718 Te< *****77 Fa. *****81 A.D. TME HTgHATtONAI (HK) LTD Tel EYE ON THE TIGERS Nobody covers East Asia like we do. The Region.
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      94 27 I Every time you spend $50 on your MasterCard cart i your name goes into a lucky draw in which ■■BPMpiMIHHI we're giving away three Business class return tickets for two to jhe 1994 World Cup Finals* contact V° ur MasterCard issuing bank. assss 'Refer tromoOom Rules and Hefmtaaotu I
      94 words
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      Page 28 Advertisements Column 2
      449 28 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 THE COMPANIES ACT, CAP. SO TERANO SHIPPING PRIVATE LIMITED (IN MEMBERS' VOLUNTARY UOUIOATION) At an Extraordinary General Meeting of Terang Shipping Private Umiteo duly convened and held at 45 Shipyard Road TW9 Jurong Marine Baee Singapore 2262 on Wednesday, 11 May 1994, the
      449 words
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      41 28 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. OasaFitSNE^ CLAXfII An SPH Audl o T Si rvlt« I
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      117 28 r 1 PUBLIC BANK BERHAD I Negotiable Floating Rate United States Dollar I Certificates of Deposit due in 14 November 1994 B In accordance with the provisions of the Certificates of H Deposit, notice is hereby given that for the Interest H Period from 17 May 1994 inclusive to 14
      117 words
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  • Shipping Times
    • Article
      Sea-Land, Maersk strengthen tie-up with China-HK service
      313 29  -  By Rahita Elias SINGAPORE Shipping giants Sea-Land Service of the US and Maersk Line of Denmark are enhancing their partnership this time in the China-Hongkong trade. Maersk has said in a statement that it will launch a twice-weekly express service with Sea-Land covering
      313 words
    • Article
      Lloyd's Register opens office in Vietnam
      207 29 SINGAPORE UK-based classification society Lloyd's Register has opened an office in Vung Tau, Vietnam. Lloyd's says it has set up the office manned by former British North Sea staff in response to growing demand for its services in Vietnam. The office was jointly opened
      207 words
    • Article, Illustration
      Lock icon First fruits of open trade?
      50 29 Reuter KOBE A container shipment of apples being unloaded at Kobe port yesterday. The 19 tonnes of apples from New Zealand represented the first significant import of foreign apples since the Japanese government enacted a law in 1971 to liberalise apple imports, reports said.— Reuter
      Reuter  -  50 words
    • Article
      Lock icon China set to be world's largest container maker
      159 29 AFP HONGKONG China is set to become the world's largest container maker this year with production expected to grow by nearly 70 per cent to 420,000 20-ft equivalent units (TEUs), a report said yesterday. Last year, China's contain-er-manufacturing sector came out with
      AFP  -  159 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      813 29 Page Col Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 ANL 3 1/2 ASCL 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line, The 9 5 Batamindo 7 3
      813 words
    • Article
      Pasir Gudang services seen improving with M$ 305m expansion
      212 29  -  By Alec Almazan SINGAPORE Vessel turnaround time at the Johor port of Pasir Gudang is expeeted to improve significantly now that a MS3OS million (*****.7 million) expansion project has been completed. The project involves a new terminal that will more than
      212 words
    • Article
      Lock icon Oil slick spotted off Dover after Channel collision
      308 29 AFP LONDON British authorities reported an oil slick 10 km long in the English Channel on Sunday following a collision between two cargo ships, but insisted it was not a hazard. The slick 32 km ofT the Dover coast is dissipating and
      AFP  -  308 words
    • Article
      Lock icon Carnival Cruise, Walt Disney to launch vacation packages
      254 29 Bloomberg Business News MIAMI Carnival Corp said it will introduce in July new packaged vacations providing both a cruise and unlimited admissions to Walt Disney Co's theme parks. The Miami-based cruise ship company said it hopes to attract more family vacationers by
      Bloomberg Business News  -  254 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        556 30 Vessel Voy No Berth Arrival Departure Vessel Voy No 8erth Arrival Departure Jurong Port Batam Sp«ed4 *****° P01A 1/05 20J0 1/05/2230 Satam Batiagu 05 04 94 II 1/06/2300 Brastagi 1 A19 94 P03 1/05 lbOO 1/05,2300 Bat*) Baru 323* 19 alongside 1/05/2300 Eastern Gl 13E/94 P04 1/05
        556 words
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        CONTAINER SCHEDULES
        1813 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book kit/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac. Swan U8A 18 I WO 16 16 I WO 16/1669 16/1900 28 16/1700 17/0659 1//0900 4 17/1200 17/1459 17/1700
        1,813 words
    • Article
      THE SHIPPING GUIDE
      13448 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name ol the ship, the shipping line involved and the estimated dates ot arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      13,448 words
    • Article
      SHIPPING AGENTS
      3367 43 I i-XB( Containcrline NV: Bclsin Shpg AfCnocs lie Ltd (SyMarine handling S$ Bhd (PK/PN). Vetoed Group: Accord Shpg Itc Ltd (>oQSficord Contr Line (PK/PN). Aikris Business Corporation Philippine: jjvxircc Shpg Trdg Pte Ltd (S) Attenkicl Liner Service: Kim Shpg I Wig (S). Vfoairos Sea-Air Service: Frata Shpg Ite
      3,367 words
    • Article
      COURIER SERVICES
      304 43 \lkkun C ouriers rd: 545 XOll, tax: 545-1898. \ir Fxpress I ravel rd: 533-5771. l ax: 535-6144 \irborne hrciuhl Corporation rd: 542-8844. Fax: 542-3716. *****80 Virswift World"idc Courier Td: 278-0188. l ax: 273-8283. AJS Supplies Id: 748-6322 (2 lines). 747-7421. l ax: 742-8975 C its l ink International
      304 words
    • Article
      AIR FORWARDERS
      1546 43 Abex Fx press Freight Tel: 542-71 71 Fax: *****81 Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20 Verolink Freight International Td: 545-8033. Fax *****05. \erospced Tel: 542-5911. Fax: *****18. Air Canco Novo Fxpress Td: 542-5454 Fax: *****06 Air Fxpress International Tel: 542-7666 Fax: *****74.
      1,546 words
    • Article
      PORT CONDITIONS
      2457 44 ALBANIA Durres: Eight vessels in port of .which discharging: 1 gasoline, I bagged Hour, I tobacco bales, 2 bulk coal. 1 bagged sugar. 1 bagged cement; 1 vessel loading; vessels waiting in roads; 1 bulk coal, I steel. ANGOLA Luanda: Power supply still intermittent. No berthing delays in
      2,457 words
    • Article
      CRUISE & FERRY SCHEDULES
      598 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dcp .Nairn-of Vessel LTA KID Ports of Calls Port Agent Telephone No MAY 17 17 IX'Ifin Star 1100 2030 Cruise to Nowhere Ocean Trade Chartering 299-0366 17 17 Langkapuri Star 1800 2200 Penang-Sin-Penang Jardin Shipping 224-1052 Aquarius Agencies 18 18 Dclfin Star 1100 1930
      598 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1126 44 SHIP SALES TANKER RATES AFP WITH THE Greeks on holiday earlier this week and the Japanese only beginning to return to their offices on May 6 after the 'Golden Week' Holidays, there have been very few sales to report. However it was interesting to note that immediately on thier return
      AFP  -  1,126 words
    • Article
      COCKETT BUNKER MARKET REPORT
      872 45 THIS twice weekly report, compiled by Cockctt Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockctt Bunker Price Index change and
      872 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      583 45 Carbon Carbon Ma* 5 Density Water Residue Ash Mumnun Sedknent Density Water Residue Ash MumMun Sedment M/M M M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 IV/V I M/M M/M PPM method ISO/Cimac lints Spec £25 991 10 15.0 0.10 30* 0.10* Eastern USA
      583 words
    • Article
      DAILY FREIGHTS
      1554 45 Rates remained essentially firm for Panamax and capcsizes in both the Atlantic and Pacific, although trading has slowed with holidays still sidelining many players, brokers said. The Baltic Freight Index for spot dry cargo shipping rates rose to 1,500 on Friday from 1,491 on May 12, with the
      1,554 words
    • Article, Illustration
      Lock icon Knocking on Europe's doors
      1188 46  -  More US exporters are turning to Europe for business. But by which gateway should they enter? Charles W Thurston has the details Charles W Thurston Port of Rotterdam Magazine THE EUROPEAN market with its 350 million consumers expects lively interest from exporters in the US. Now
      Port of Rotterdam Magazine  -  1,188 words
    • Article
      TRANSPORT DIARY
      891 46 COURSES Title: Prevention of Marine Pollution from Ships Duration: May 16-20 Organiser: Port of Singapore Authority 'lei: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Title: Safety Management for Shops Marine Vehicles Duration: May 17 (9am-spm) Organiser: Faculty of Engineering, National University of Singapore Tel: For
      891 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        New Philippine carrier set for take-off this week
        316 48  -  By Alec Almazan SINGAPORE Star Asia Airways, the Philippines newest domestic airline will start its passenger service on May 20, the company announced yesterday. Star Asia will initially operate a daily air service from Manila to Caticalan, Subic Bay and Ormoc City,
        316 words
      • Article, Illustration
        Lock icon US airlines see more profits from freight
        488 48 Reuter NEW YORK US airlines are discovering hidden profits in the bellies of their planes. As the nation's troubled carriers search for revenue and overhaul high-cost passenger operations, cargo operations are gaining attention due to profitable rates, improved world economies and the relatively
        Reuter  -  488 words
      • Article
        Lock icon US testing McDonnell's noise reduction system for copters
        264 48 Reuter WASHINGTON The US government is testing a system designed by McDonnell Douglas Corp that could sharply reduce the clattering noise made by helicopters, the National Aeronautics and Space Administration said last week. Tests to date of a controllable tlap in a
        Reuter  -  264 words
      • Article
        Lock icon Boeing sees China production talks soon
        203 48 Reuter SEATTLE Boeing Co, which is planning to shift more production of its 737 jet to a Chinese manufacturer, hopes to determine final details of the deal within 60 days, a spokesman said. Spokesman David Jensen said that final negotiations with China's Xian Aircraft
        Reuter  -  203 words
      • LOG BOOK
        • Article
          Lock icon Eurotunnel sees dividend for 2003
          123 48 Reuter LONDON Eurotunnel pic said yesterday it expects that the first dividend can be declared in respect of the year 2003. The company also said the board endorsed plans to launch the first HGV shuttle carrying fare-paying traffic by May 19 and to allow passage
          Reuter  -  123 words
        • Article
          Lock icon Bangladesh ferrymen suspend strike
          99 48 Reuter DHAKA Bangladeshi ferry workers have suspended an indefinite strike for three weeks from Monday to help millions of people planning to travel during next week's Muslim Eid al-Adha festival, government officials and labour unions said yesterday. "Only passenger ferries will operate until June 7." said
          Reuter  -  99 words
        • Article
          Lock icon Pacific airlines team up
          116 48 AFP SUVA Air Pacific, Fiji's national Hag carrier, and Royal Tongan Airlines, have teamed up to offer a wider choice of travel for visitors to the region. Air Pacific announced here yesterday. Under the arrangement. Royal Tongan will revive services to Fiji's international airport in Nadi
          AFP  -  116 words
        • Article
          Lock icon S'pore sailor arrested for murder
          76 48 AFP TOKYO Japanese authorities have arrested a Singapore sailor suspected of killing a Filipino shipmate in a fight on board their freighter in Nagoya harbour, officials said yesterday. The suspect was identified as Tan Kow Boey, the 46-year-old bosun of the 15,000-tonne Singapore-registered cargo vessel.
          AFP  -  76 words
        • Article
          Lock icon Crash victims' kin reject CAL offer
          112 48 Reuter TOKYO Families of some of the Japanese killed in a China Airlines (CAL) Airbus crash have rejected the company's compensation offer, a spokesman said yesterday. China Airlines offered on Sunday to pay NT$4.l million (*****,220) for each of the 264 victims of the
          Reuter  -  112 words
      • Article
        Lock icon UK airlines delighted over Orly access
        353 48 Reuter LONDON Britain's UK Air Ltd and British Airways pic were jubilant after French authorities on Sunday made a commitment to allow flights by UK carriers into Paris' Orly airport by the end of June. Both said proving flights to Orly, France's busiest domestic
        Reuter  -  353 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1722 48 Crtj FIIDrt ETA FMtht CTP Cttjf FHX ETA FH* CTO. i Abu Dhabi GA893 1835 GA984 2340 ME633 2355 GA974 2350 Durban SQ406 0115 Adelaide QF81 1925 QF82 2055 Frankfurt SQ25 0645 SQ326 2230 SQ228 2120 LH772 1555 Qf5 2235 Amsterdam KL831 0935 KL844 0035 QF6
        1,722 words
      • Article
        Lock icon California advances electric car goal by upholding emission law
        471 48 Reuter LOS ANGELES California moved closer last Friday to realising its aggressive goal to get more electric cars on the road. The state's Air Resources Board ruled that a law requiring the sale of about 15,000 zero-emissions vehicles by 1998 was
        Reuter  -  471 words
  • Page 29 Advertisements
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      0 29 >^`~'_,;>"&/[/|={:;:-}\=-{`+%~~
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      25 29 Lines and services represented by Members el the Registry ef Accredited Stripping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
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      Page 29 Advertisements Column 3
      53 29 r M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE caIIQQQQQQQ Knocking on Europe's doors, Pg 18 New Philippine carrier set for take-off this week. Back Pg DOLLARS SENSE You don't have to be an Einstein to get relatively good returns. Personal Finance Investment. Every Saturday. V SINGAPORE r 1
      53 words
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      381 30 TSKUNE AGENCIES (S) PTE. LTD. r I 1 "W ITkTTI Tel: 226-3363 J. #k3#JX« JLLWtL Fax: 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N t«nwm wt m x* m m HTm mm no m m m m gy SATIIW <5 1105 22.05 *CX PACT 0528 '15.05 *13.05
      381 words
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      Page 30 Advertisements Column 2
      1433 30 fjjjpt TO Vf« Wfff W «tT ttyx-WMgMffiWW WW) II n mnntmtMM UMK*> -MB 1 Li Ml w an HowroM c«c m «raa iw id from dmktti poach* btnohM komcm*| oor |pi ur «gmt' lattmua* m I um] CALIFORNM SATUM V6S 1119* 46 66 86 I St 7« 76 86 86
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      2381 31 rr—o *j mmm OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES v^c, A nf E 777c D c N A I TEL *****13 FAX *****42 PETALINQ JAYA TEL: 03-*****76 FAX. 03-*****42 I DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARO) PENANG TEL. *****4 FAX. *****1 CFS TEL: *****6 K BOOKINGS TEL: *****80 *****81/ *****82
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      Page 31 Advertisements Column 2
      2255 31 ■UIiWHtHHWI* AZERBAIJAN/TURKMENISTAN/ UZBEKISTAN/KAZAKHSTAN VIA BANDAR ABBAS TRIEN MS. V.9411 ETA SIN 20TH MAY 94 VessH "Voy ETA ETO Fwlered Dy DESTINATIONS TNs met* maren maersk V 9406 t H 24/06 0600 HRS CfS 23/05 2359 MRS JOM LPK PEN OAK LG6 SfO MEM ATI MIA CMS BAL PHL NVC TOR
      2,255 words
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      845 32 AQABA R OAM/1 LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S'TON H BURG A WERP HAVRE weey MALAYSIA MRISHIMA 04/119 -Ifltf U& Port Ketang. Penang LUDWIGSHAFEN EXPRESS 13/319 21/5 30/5 6/6 8/6 11/6 13/6 15/6 p a9 ir Gudang FRANKFURT EXPRESS 73/120 25/5 11/6 14/6 12/6
      845 words
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      Page 32 Advertisements Column 2
      659 32 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vostochny, Vladivostok. Moscow. I Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Bunga Pelangi V.2144 18/5 20/6 Ned Asia V.2154
      659 words
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      1166 32 I norasTA NOR ASI A SAAMNTHA 9419 3 11/05 08/06 11/06 12/06 13/06 14/06 15/06 16/06 17/06 17/06 I NORASIA SUSAN 9420 3 27/05 17/06 20/06 21/06 22/06 23/06 24/06 25/06 26/06 26/06 I NORASIA SINGA 9421 3 01/06 22/06 25/06 26/06 27/06 28/06 29/06 30/06 01/07 01/07 I NORASIA
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      1472 33 W STRAITS SHIPPING PTE LTD MHP 10 Hoe Chiang Road #11-01 Keppel Towers r Singapore 0208 Tel: *****88 Fax: *****17 r new guinea pacific line GUttitilSAifiiilittlAßiltftfUttUltfUiMUSM civjgw <a service of china navigation co> I, CARGO DUE SAH.S MERU6I VO6E KK. Skan, law IN POKI 18 May FCL. LCL CONTAINER AND
      1,472 words
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      Page 33 Advertisements Column 2
      3257 33 ItoX SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd W %t* B IJLvy VjlVI 11/ll IICI 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 Te) 225 2233 Te(ex RS ***** PNOCSP Fax: 225 5327/222 7517 ff v*-" CR Number **********0Z EXPORT IMPORT VESSEL VOV -PNO *PKO 9M SOU ANT
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      8 33 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
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      Page 33 Advertisements Column 4
      35 33 VESSEL ETA ETD DESTINATION SONG TIEN 03 21/05 25/05 HO CHI MINH NHUT TAO 26/05 30/05 HO CHI MINH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: R*****1 VIETHK
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      602 34 ifK EKA JAYA AGENCIES >3|ir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE L-Bfl CMI MIHH CITY PAQEfI IhAWPWNE/PffICCT HEHffY hQt vmw fifimwiw KELVIN chaw 21«t» HMTB/HMWJ MAHOJ 2 HOteS M ***** TO VIETNAM/HCMC CONTAINBR-FEiOfR SERVICE CENTER-POINT g \M 7 LINES YtSSU WT I tl» SWW WY tl»
      602 words
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      Page 34 Advertisements Column 2
      1625 34 I HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 for Wl sm Ilme HAUL StA tvr poj TOR Wl SM IIKHMI S*» HM wc tUROPt*N SOWTOR 001E M/ 5 DMECT 10/6 11/6 EWOPtAN SENATOR 001E ZO/5 M. KOOE 0501 23/6 24/6 26/6 HANJIN KAOHSRJNG
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      Page 34 Advertisements Column 3
      1409 34 =Mrhl d d I mi ser i» kg ug ns mi oa ngt m rro iu cm bal ntc lnv mm km rw hbg no cmb mw I I. GENUS «0« 30/5 1/i 6 6 l/f 10,6 13/4 14 6 15/1 16 6 17/f 116 H/4 12/7 14/7 IS/7 25
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      2620 35 I II SCX: CALIFORNIA SATURN 65E'ETA SGP 18/05/94 II II M II ARRIVING LOS ANGELES 04/06/94 IN 16 DAYS HI II l| AEX: NEPTUNE AVENTURINE 03E'ETA SGP 18/05/94 l| II < II ARRIVING MEW YORK 11/06/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US
      2,620 words
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      Page 35 Advertisements Column 2
      1144 35 A MULTILINE SHIPPING PTE LTD (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 AA BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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      1429 36 K4I v f f AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CH NO **********0M/GST REG NO: M 2-*****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I WT Ej T MALAYSIA K" LINE MARITIME (MALAYSIA) SON BHO ■24 TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA:
      1,429 words
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      1105 36 ®APPENSHIP HAMBURG WV/ CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS 10AWNG PORTS 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 I IMF STORE ax HAM RTM LEH CS AUSTRALIA 4605 IN PORT
      1,105 words
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      950 37 m PACIFIC INTERNATIONAL LINES (PTE) LTDI I gUSfiSgSi 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********0H I #5 VESSEL VOY SIN CMB JIB JED AQJ AOE HOD PZU ASA KOTA WIJAYA WJAO4I 23/5 28/5 4/6 7/6 10/6 11/6 14/6 KOTA BERUAN BRLOOS 26/5 2/6 9/6 14/6
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      992 37 VtSSCLS YOY Uli It HAYRL HAMBURG ~J" IHMKS ROIUROAM ANIWIRf Witt PAQUKA AO3W 20/05 11/06 13/06 14/06 15/06 17 06 VULE DMTORA MM 25/05 16/06 1106 19/06 20 06 22/06 VH.lt Of LYRA YOJW 30/05 21/06 23/06 24 06 25/06 27/06 VH.LE Of YfGA GO3W 30/06 02/07 03/07 04/07 06,07
      992 words
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      Page 37 Advertisements Column 3
      568 37 BSfl ik mm, MYANMA in FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIe Pen P.Gd| MERGUI VI23W SM PAGAN V2O9W In Port MYOMAYHA VIS2W 18/20 May HPA AN V2O2W 20/22 Ma, MALAYSIA AGENTS BOUSIEAO SHPPtIG AGENCIES All TEI 03-*****00 PHI TEI 03 *****67 PEN TEI 04-*****5
      568 words
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      41 39 V ASIAPAC V "At your service, anywhere and anytime" VINCENT INTIRTRANS LINKING THE WORLD TOGETHER HONG KONG CHINA KOREA MALAYSIA JAPAN THAILAND PHILIPPINES EUROPE SINGAPORE J CANADA INDIA INDONESIA 7 USA AUSTRALIA MEXICO NEW ZEALAND ARGENTINA ASIAPAC FREIGHT EXPRESS PTE LTD
      41 words
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      1014 40 >>|"<:\>?^',~?/,"~>;?}<'?`~}%\. i/IPICROATIA LINEA EX JUGOLINIJA) 1 J. VESSEL STORE PK PNG LOADX6 FOR LOSINJ 15 MAY 17 MAY Alexandria. B«irut, Istanbul. Trieste, Koper, Lattakia. Limassol, Mersin. P Said, Rijeka. Venice SLOVENIJA 28 MAY 31 MAY -do 4 General Agents: EAST MOUNT AGENCY (PTE) LTD Singapore Kuala Lumpur Port Krianf Penanf
      1,014 words
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      Page 40 Advertisements Column 2
      166 40 MtNORBULK\ I NORBULK cargo services ltd. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES I AOAMASTOS 14/5 SHed FLU/AM/NAN/UK I SP PK LOAOING FOR I NORBULK TBN 15/6 OBN/CPT/EL j ALSO LOADS TG MANIANOKK I PK SWK/SABAH LOAOING FOR NORBULK PINE 18/5 HONGKONG/HUANGPU SUBJECT TO CHANGE WITH/WITHOUT PRIOR NOTICE
      166 words
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      736 41 (i£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 22/5 ROTTERDAM 18/5 AARHUS/COPENHAGEN 22/5 HAMBURG/BREMEN 22/5 MARSEILLE/FRANCE 19/5 FELIXSTOWE/UK 18/5 BARCELONA/SPAIN 23/5 LEHAVRE/FRANCE 18/5 GENOA/ITALY 23/5 ANTWERP/BELGIUM 23/5 LOS ANGELES/WC/IPI 21/5 SYDNEY/MELBOURNE 19/4 NEW YORK/EC 21/5 FREMANTLE/ADELAIDE 20/5 VANCOUVER 20/5 BRISBANE
      736 words
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      1104 41 IfFTTn ill ffinlt fr"'' uM I Mm f I \i K* 1r J >/.TT^^—— VESSEL *21 s t n VESSEL VOY SIN PEN Ui i WANA BHUM MBS Tu» In Pt M 21/5 f AKA BHUM 138N/8 Tuo lln Pt Thu 18/8 Wm VESS£L VOY SIN BKK ISRA BHUM SIS
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      Page 41 Advertisements Column 3
      290 41 IS RICHFIELD MARINE AGENCIES (S) PTE LTD W TEL: *****33 (12 Line*) K FAX: *****15/*****03 ffg TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E \)Jk\ ETHIOPIAN SHIPPING LINES (National linos of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmml Voy ETA Loading For Spar* Abbay Worn 40WB 21/07 DarMsalaam. Mombasa. O|ibouti
      290 words
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      Page 41 Advertisements Column 4
      569 41 fpjfp) Polnt-to-Polnt Regional Pte LtdYfiy TEL: *****55 FAX: *****94 CR NO: **********0 C Guarmnfd Sailing» to.- ■n BANGKOK/LAEM CHABANG EVERY WED SAT MANILA/CEBU EVERY TUES PORT KELANG/PENANG EVERY MOM t FRI HO CHI MINH EVERY FRI HONG KONG EVERY FRI JAKARTA EVERY SAT BUSAN EVERY SUN SURABAYA EVERY SUN OtlMc
      569 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      1798 42 PIMN CONTAINER LINES, INC I ZKi/VVMAgent*: MAC-NELS SPORE: *****22 (24 LINES) Uv 'c/R Not **********0* SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****8 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 17/5
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      Page 42 Advertisements Column 2
      210 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (H EIA CIA STOM rani HUANG PtMWG 811* Mm 28/S loaAng lor Mjk KUVM HUOHU U S OIS4 hafjinu and LojJini to» Bomtu» 001 MM 21! S Uadin* foi Mil? FIOHU SUWMI S*M loading F« Mate UMMtOH 1/6 loa<lM( Foi Male PHOGMSS
      210 words
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      Page 42 Advertisements Column 3
      1141 42 P THONG SOON UNES PTE LTD /W\ 78 SHENTON WAY #10-01. SINGAPORE 0207 \J \J TEL: 227-5088 FAX: 227-6011 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO 4 r*o»o »oo* tewwr SINGAPORE TO SARAWAK VESSEL VOT SPORE PEST VESSEL VOY S'POtE IPEST EQUATOR 111 122/4E 20 MAY KUCHING EQUATOR
      1,141 words
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      42 44 The Natural Salesman sells effectively in the right media and the right company. Classified the people finder. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LI AN HE ZAOBAO I.IANHE WANBAO SHINMIN DAILY NEWS BERITA MARIAN BE RITA MINGGU
      42 words
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  • Page 45 Advertisements
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      Page 45 Advertisements Column 1
      24 45 RECRUIT QUALIFIED CANDIDATES TUDiuiru TlieStraitsTimes THROUGH APPONTMENTS JUST Dfo ERTS ***<& Legal discourses in digestible portions. \A Every Thursday. fTI Business Times WE KNOW ASIA
      24 words
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      485 46 nßHnpi NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SHGAPORE MANILA OPTIMA 9402N 20/05 (FRI) 25 05 (WED) VIGOUR PACIFIC 9420N 24/05 (TUE) 28/05 (SAT) TWO SAILINGS WEEKLY PERVOMAYSK 9402N 27/05 (FRI) 01 06 (WED) FRIOAY ANO TUESDAY OPTIMA 9403N 31/05 (TUE) 04/06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE
      485 words
  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      692 46 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 111)0 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 230*- Jft 2.1 26 2.9 2.9 2.7 2.3 1.7 1.2 09 0.6 06 0.7 1.0 1.4 1.8 2.0 2.2 2.1 1.8
      692 words
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      966 47 HYUNDAI WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PCD* VESSELS VOY SIN RTM ANT* LEH* HAM BREJ FEL 18/05 20/05 21/05 H. INNOVATOR 309W 23/05 10/06 11/06 13/06 U/06 U/06 14/06 25/05 27/05 2S/05 M. EXPLORER 311W 30/05 17/06 19/06 20/06 19/06 19/06 21/06 01/06 03/06 04/06 NOR FRBOURG 31
      966 words
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      Page 47 Advertisements Column 2
      493 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSU *5? S Tf MC u m»Qt SIT 111 M/S 30 S Ml 1/1 COSMO CNAllHttl I]) |J CMMPKM TUMR 13! 11/S OA MCI MOON *52 J/t tl/l Ml 1)1 smtl 127 4/1 sua RIM 121 2 1 l/l
      493 words
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      Page 47 Advertisements Column 3
      1011 47 ft* s l VOT SIN ETA/D LAX OAK CHI DAL MEM/COL HOU *NYC "NOR GEORGE WASHWGION MWOCE 7IA 19-20/05 05/06 07/06 03/06 09/06 09/06 10/06 10/06 11/06 ALLIGATOR PRPt 51A 26-27/05 12/06 14/06 15/06 16/06 16/06 17/06 17/06 13/06 fCNRT WPSON BRPGE 75A 02/06 19/06 21/06 22/06 23/06 23/06 24/06
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