The Business Times, 31 May 1994

Microfilm: NL19381
Total Pages: 118
1 118 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times l«7; KNOW ASIA MITA(P) 010/12/93 Tuesday May 31 1994 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon Citic's Taiwan plan
      62 1 Reuter ST GALLEN, Switzerland China International Trust and Investment Corp (Citic), one of China's largest business empires, yesterday said it would love to invest in Taiwan and hoped restrictions there would soon be lifted. "I am longing to get into Taiwan but at the moment I cannot
      Reuter  -  62 words
    • Article
      Lock icon YSL head charged
      35 1 AFP PARIS Yves Saint Laurent president Pierre Berge was indicted here yesterday for insider dealing over the sale of 120,000 shares in the luxury goods company worth US$l7.B million (Ss27 million). AFP
      AFP  -  35 words
  • Article
    MARKET SUMMARY
    159 1 Stock market indices Monday Change STH 2,305.89 -18.06 KLSEComp 996.11 -4.0 Nikkei 20,838.97 +61.81 Hang Seng 9,523.63 +53.50 SET Index 1,383.61 +0.04 Jakarta Comp 503.77 -1.2 CLSA China B ....1,082.04 -14.97 Aust All Ord 2,091.8 -10.4 FTSE 100 closed Monday Previous close Dow Jones closed 3,757.14 Average of
    159 words
  • Article
    Lock icon China's securities body denies reports of chief quitting
    134 1 Bloomberg Business News BEIJING China's securities watchdog has denied reports that its top official has been forced to resign because of mounting problems at the country's two stock exchanges. A spokesman for the China Securities Regulatory Commission yesterday described the reports as
    Bloomberg Business News  -  134 words
  • Article, Illustration
    Lock icon MNCs squeezed by rising costs in HK look to S'pore
    641 1  -  By Anna Teo SINGAPORE Rising costs are pushing multinational companies to shift some operations out of Hongkong, and most of those planning to move are considering Singapore, according to a survey by the Economist Intelligence Unit (EIU). Though costs are
    Source: EIU  -  641 words
  • Article
    STIC plans to buy 50pc stake in logistics firm
    372 1  -  By Genevieve Cua SINGAPORE Singapore Technologies Industrial Corp plans to invest $23 million in a logistics management company to support its various projects in Asia. STIC is seeking shareholder approval for its acquisition of a 50 per cent stake in Chartered
    372 words
  • Article
    EGM to decide on Alan Yeo's ouster fixed for July 5
    325 1 SINGAPORE Yeo Hiap Seng Ltd's extraordinary general meeting, which will seek shareholders' approval to oust its chairman Alan Yeo, will be held on July 5. The EGM date was settled last weekend in a meeting between lawyers representing the
    325 words
  • Article
    Lock icon Scramble for money-market papers ahead of Bank Negara move
    291 1 MB! KUALA LUMPUR Offshore traders, confident that Bank Negara will lift the ban on sales of short-term papers to foreigners this week, yesterday placed forward orders on papers worth several hundreds ol millions of ringgit. The market talk is that Bank
    MB!  -  291 words
  • Article
    Samta making reverse takeover of Apollo
    567 1  -  By A J Leow SINGAPORE Home-grown shipping group Samta is making a reverse takeover of listed property and hotel company Apollo [Enterprises through a deal involving the sale of Samta's Furama Hotel to Apollo for $83.26 million. Apollo announced yesterday that it had entered
    567 words
  • Article
    More CPF funds allowed for education
    177 1 SINGAPORE The Central Provident Fund Board has liberalised the use of members' savings for edueation. From tomorrow, members ean use more of their savings to finance their children's or their own tertiary education. The CPF Board said in a brief statement yesterday that members
    177 words
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      107 1 rThe World's Smallest 35mm Auto Focus Zoom Camera v l_ ZQPM3GDQD I CONTENTS News Companies S pore News 2 S'pore-M «a 21.22.23 Regional News 3.4,7 Financial 26,27 World News 8.10 Features Markets 19 Ctob MSt, StS 3032 Ettwia :i_ 18 Regional 28 Sports 13 World 29 TV/litesJyte 15 Currencies 2«
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      7 1 Property: ph 16 S'poreans investing Down Under
      7 words
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      15 1 Hock Lock Siew: 21 Minor hiccup for Goldtron Asian economies among least risky, Pr 20
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      90 1 J t ~i The Bottom Line: r K 20 Investing in Russia? The World's Smalest 35mm Aub W Focus Zoom Camera KSM33DQD =1,94 Free with your copy of Business Times today. Make sure you get your copy. I rnce lags hicnl^v^ pt-2o Sequential Numbers Commercial Usage For; offices Industrial Signage
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Housing to keep fuelling loans growth
        323 2  -  By Shiv Taneja HOUSING LOANS are expected to drive growth in overall loans and advances this year, analysts say. I hey see total bank loans and advances growing 11 to 15%, compared with 13.5% in 1993 and 8% in 1992. In March the latest
        Source: The Monetary Authority of Singapore  -  323 words
    • Article
      NEC pumping $60m into S'pore plant to boost chip output
      444 2  -  By Claire Leow NEC is increasing global output of memory chips sorely needed by US computer companies by investing in its Singapore and American plants. NLC Electronics Singapore, which ships more than four-fifths of its products to the US, will
      444 words
    • Article
      Bankrupt who used credit card jailed three months, fined $2,000
      238 2 AN UNDISCHARGED bankrupt who applied for and used a credit card was yesterday jailed three months and fined $2,000 by a Subordinate Court. The court heard that on Aug 27, 1990, Shamlal Tuppani Bisaysar, 40. applied for a Citibank Visa
      238 words
    • Article
      Intelsat to invest US$ l.2b to boost Asian satellite coverage
      511 2  -  By Juliette Walker INTELSAT, the world's largest satellite operator, will spend some US$l.2 billion (SSI.B billion) to deploy six new satellites in the Asia Pacific region by end-1996. regional director Lui koh said yesterday. Currently, the 132-nation consortium has nine
      511 words
    • Article
      Garment maker collared over false origin
      217 2 A GARMENT manufacturer and two workers at another firm were hit with heavy penalties recently over fraudulent textile exports. Fine Wool Knitwear Pte Ltd had its export quotas for some categories withdrawn this month by the Trade Development Board after being caught importing knitted
      217 words
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      188 2 Epson Makes Business A Pleasure. EPSON CommunicAsia94 The Bth Asian International Electronic Communication Information Technology Exhibition Conference 31 May 3 June 1994 World Trade Centre Singapore In conjunction with Asias Definitive Netwarkisa34 A I The Asian International Networking Exhtotxxi Conference and Communications Mot!iieCommAsa34 The Asian International Cetlular. Radio Satellite v
      188 words
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      706 2 PC shipments by L S makers up 17.6 pc, Pr 8 ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD Non-redeemable Convertible Preference Shares of par value $2 each ("DBS CPS") at the price of $2 per DBS CPS payable in four equal instalments of $0.50 each. To: All DBS CPS
      706 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Big jump in foreign investments in Indonesia
      481 3 But Jakarta concerned that only a minority of investments proceed after approval Reuter JAKARTA Indonesia has announced big jumps in approved foreign and domestic investment for the year to May 15, but is concerned only a minority of the investments are actually made.
      Reuter  -  481 words
    • Article
      Lock icon Thai contractors eye opportunities in power generation
      286 3 Bloomberg Business News BANGKOK Thailand's growing demand for power and energy means huge investment opportunities for private companies, executives in the construction industry say. "The government can't keep up with demand so they have to allow the private sector to participate," said Udomsak
      Bloomberg Business News  -  286 words
    • Article
      Lock icon M'sian price index rises by a lower 3.9 pc
      172 3 Reuter Bernama KUALA LUMPUR Malaysia's inflation rate showed signs of abating as the government yesterday announced the consumer price index (CPI) rose 3.9 per cent year-on-year in April, down from 4.1 per cent in March. For the first four months of
      Reuter; Bernama  -  172 words
    • Article
      Subic Bay authority against building of petrochem plant
      211 3  -  By Alec Almazan SINGAPORE The Subic Bay Metropolitan Authority has opposed the construction of the first polypropylene plant in the Philippines. The USSI3O million (SSI9S million) petrochemical plant is being built by Petrochemical Corp of Asia Pacific (Petrocap) in Morong, Bataan, near
      211 words
    • ASIA NOTES
      • Article
        Lock icon Mahathir celebrates Sino-M' sian ties
        83 3 Bernama KUALA LUMPUR Bilateral relations between Malaysia and China have reaehed a new level of understanding and cooperation, and the two countries should take pride in the steady development. Malaysian Prime Minister Mahathir Mohamad says. "I am confident this trend will be further reinforced in
        Bernama  -  83 words
      • Article, Illustration
        Lock icon Sew proprietor
        29 3 Reuter HANOI A Vietnamese woman, selling second-hand Japanese sewing machines, counts her money at her sidestreet shop. She sells the machines for US$lOO (SSIS3) to US$l2O. Reuter
        Reuter  -  29 words
      • Article
        Lock icon Talks on Northern Growth Triangle
        83 3 AFP JAKARTA Indonesia, Malaysia and Thailand will open today a third meeting to discuss boosting economic cooperation in the Northern Growth Triangle shared by all three countries, an organiser said. The three-day meeting has been convened to discuss an Asian Development Bank study and the
        AFP  -  83 words
    • Article
      Lock icon Taiwanese investments in M'sia up sharply, more expected
      368 3 Bernama TAIPEI Investments from Taiwan in Malaysia have risen sharply in the past few years and much more can be expected in the near future. A Malaysian official source based here yesterday said that Taiwanese investments in Malaysia amounted to MS 15
      Bernama  -  368 words
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      43 3 m I f—Mt of th» H J;y StoA JLxchange of Singapora 1 Available at Newsstands Times the Bookshop NTUC Supermarkets 7-Eleven STOP PRESS kiosks Browse Buy at post-offices Shell Esso Caltex Mobil SPC BP. Published by Times Periodicals, member of Singapore Press Holdings
      43 words
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      106 3 French cuisine now has a fresh ingredient; Michel Richard. Famed Michel Richard, chef and owner of Los Angeles' Citrus restaurant, has created a marriage of French-Californian gastronomy that encompasses classical French technique and style with Californian raw ingredients. Come to Maxim s de Paris at The Regent and enjoy the
      106 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China says rate of new fixed asset investment under control
      413 4 Reuter BEIJING China yesterday claimed preliminary success in controlling new fixed asset investment hut admitted pressure was still dangerously high in one of the key sectors pushing the economy towards overheating. The official Xinhua news agency said new investment by
      Reuter  -  413 words
    • Article
      Warning against HK infrastructure delays
      434 4  -  HK's development, regional centre status likely to be jeopardised: bank report From Lim Soon Neo in HONGKONG HONGKONG'S long-term economic development and its position as a regional business centre are likely to be jeopardised by further delays in building infrastructure facilities. the Hongkongßank Economic Report
      434 words
    • Article, Illustration
      Lock icon Nuclear protest dressed in old undies
      64 4 AFP TAIPEI Anti-nuclear protesters trade used underpants for new ones at a rally at Chiang Kai Shek Memorial Park. The stunt mocked Mao Zedong's call for Chinese citizens to donate all they could even their pants to help China develop a nuclear bomb. Some
      AFP  -  64 words
    • Article
      Lock icon Taiwan's two-way trade with China up 7pc
      149 4 AFP TAIPEI Indirect trade between Taiwan and China in the first quarter of 1994 edged up 7.42 per cent from a year ago to hit US$2.Ol billion (Ss3 billion). The Board of Foreign Trade (Bolt) yesterday said the pace of two-way trade growth,
      AFP  -  149 words
    • CHIN AWATCH
      • Article
        Lock icon Beijing orders 191 factories to clean up
        89 4 AP BEIJING Authorities have ordered 191 factories polluting China's fourth largest river to clean up or close by year's end, an official report said yesterday. Pollution has ruined the Huai River's ecosystem and contaminated drinking and irrkaiiop wafcr trte fc CTtfna Daily said.
        AP  -  89 words
      • Article
        Lock icon HK exchange attacks capital gains tax
        66 4 Bloomberg Business News HONGKONG The Stock Exchange of Hongkong said capital gains taxes are thwarting the growth of the local bond market and urged the local tax authority to scrap them. "The biggest obstacle to the debt market here is taxation," exchange chief executive
        Bloomberg Business News  -  66 words
      • Article
        Lock icon AT&T offers collect call service in China
        72 4 Reuter HONGKONG AT&T Co of the US will start a collect call service to the US in China from tomorrow. The group said yesterday that China's public phone service would stop handling collect calls to the US and mainland callers could use their
        Reuter  -  72 words
      • Article
        Lock icon Foreign securities investment forecast
        78 4 Reuter SHANGHAI China is expected to attract US$l33 billion (SS2O3 billion) from foreign investment in shares, bonds and other financial instruments from now until 2000. Business News yesterday quoted a forecast by the China Economic Research and Development Institute as saying that China last year attracted
        Reuter  -  78 words
    • Article
      Lock icon China signs US$ 120m syndicated loan for power plant
      457 4 Bloomberg Business News BEIJING China has signed a USSI2O million (SSIB3 million) international syndieated loan for a huge power plant, tapping a new World Bank initiative that aims to channel commercial lending into infrastructure projects. The financing package for the Yangzhou
      Bloomberg Business News  -  457 words
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      26 4 Darling, I HlTft wonder Ja. what the HI. Club Med's weekend cruise to Tioman. Only for 4 weekends until July 3rd. trend-setters are doing this weekend?
      26 words
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      199 4 llh Advanced fin management program The Program Innovation and Strengths 18 modules presented over 6 weekends (12 days): Leading edge management Weekend I The Global Competitive Challenge thinking and practices Corporate Leadership in the 1990s Power-Backed presentation by International Business Strategy prominent speakers from Europe, Weekend 2 Creative Thinking and
      199 words
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      194 5 toner H H i I TA H u—hi n IwM W P ™u Up sheets envelopes HH \s9i\|ll tllllV "x) 7 HP is out in front again with the new HP N-—V l\\ W* l* r LaserJet 4 Plus printer. n. :2 2£ a o g" /J It produces great
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      2993 6 111 l x ra fig ?5 pg it si m m m 111 l INDUSTRIAL£J COMMERCIAL BANK LIMITED AND ITS SUBSIDIARY COMPANIES 111 l (INCORPORATED IN THE REPUBLIC OF SINGAPORE) BALANCE SHEETS 31 DECEMBER 1993 The Group The Bank The Group The Oenfc Notes 1993 1992 1993 1992 Notee 1983
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  • REST OF ASIA
    • Article, Illustration
      Lock icon Ex-Japanese minister jailed three years for taking bribes
      319 7 AP TOKYO A former Cabinet minister was sentenced to three years in prison yesterday for accepting bribes of 90 million yen (S$ 1.3 million) in one of the corruption cases that helped oust Japan's government last year. Fumio Abe, 71, was convicted
      AP  -  319 words
    • Article
      Australian aid funding offbeat projects in Vietnam
      371 7  -  From Brian Gomez in SYDNEY AUSTRALIAN aid is helping to fund some unusual ventures in Vietnam such as the framing of a mining law and a building code, and in producing a television film comparing the lives of Vietnamese and Australian engineers. The
      371 words
    • Article
      Lock icon Australian economy expected to grow 4.3 pc in Ist quarter
      321 7 Reuter SYDNEY The Australian economy is expected to have grown at a 4.3 per cent annual rate in the first quarter of this year, the best performance since 1989 and one of the fastest rates among Western industrialised nations, economists
      Reuter  -  321 words
    • Article
      Lock icon Aboriginal tribe claims 25,000 sq km under new law
      261 7 AFP SYDNEY More than 25,000 sq km of Cape York peninsula have become the biggest claim lodged under Australia's controversial "Mabo" native land title legislation, officials said yesterday. The claim, by the Wik Aboriginal people from the tropical north-east of Queensland,
      AFP  -  261 words
    • Article
      Lock icon Japan's output data gives fresh hope for recovery
      319 7 Reuter TOKYO Japan released better than expected industrial output figures yesterday, a sign its economy may be turning the corner after three years in the doldrums. "From now on the feeling the economy has hit bottom will strengthen," said Nobuyuki Saji, economist
      Reuter  -  319 words
    • Article, Illustration
      Lock icon Precious drops
      82 7 Reuter MAGHAPURA, India What happens when the rivers run dry and there is no drinking water? these women from Maghapura village in India's western state of Gujarat dug a hole in a dry river bed and were seen drawing water from it last Wednesday. The sweltering summer heat
      Reuter  -  82 words
    • Article
      Lock icon India's power output to fall below targets
      354 7 Reuter BOMBAY India is likely to fall short of its 1996/97 power generating targets by 10.000 megawatts due to inefficient state-run power companies and doubts over much needed foreign investment, officials and analysts said yesterday. Analysts said foreign investors, keen on entering the
      Reuter  -  354 words
    • Article
      Lock icon North, South Korea sign rare barter agreement
      263 7 Reuter SLOUL A group representing South Korean plasties companies yesterday said it had signed a barter deal with Communist North Korea to exchange plastic products for water and alcoholic drinks. Ihe deal, if implemented, would be a rare chink in the Cold War
      Reuter  -  263 words
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      166 7 v ■k B M*| 1 jqcA. |3t lag m I I 1 World-class choreography. Masterfully performed. China Airlines IMHMM Like an accomplished dance troupe, China from Taiwan, one of the world's fastest Airlines owes the superior craft of its service growing economies. aloft to a routine of daily rehearsal. Trained
      166 words
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  • THE WORLD
    • Article
      Lock icon France, Germany seek joint EU presidency approach
      434 8 Reuter MULHOUSE, France French and German leaders met yesterday to agree on a joint approach to their successive presidencies of the European Union from July I, giving priority to economic recovery and closer integration with eastern Europe. But a Franco-German experts' report calling
      Reuter  -  434 words
    • Article
      Lock icon US to launch overhaul of federal labour laws
      252 8 Reuter WASHINGTON The US government is about to launch into what could be its first overhaul of federal labour laws since the *****, an effort that promises to be almost as politically charged as the health care debate. At issue are union
      Reuter  -  252 words
    • Article
      Lock icon Former communists set to regain power in Hungary
      327 8 AP BUDAPEST Former communists. surpassing even their own pre-election hopes, yesterday prepared to retake power in Hungary after riding a wave of economic anxiety to sweep aside the conservative governing party. Gyula Horn, a former communist foreign minister, is the front-runner to
      AP  -  327 words
    • Article
      Lock icon Schneider head charged with fraud as support for him mounts
      142 8 AFP BRUSSELS French industrialist Didicr Pineau-Valen-cienne was interrogated at length by police on Sunday, two days after being taken into custody on fraud charges, officials said. Meanwhile in Paris 36 leading business figures, including former French premier Edith Cresson. yesterday
      AFP  -  142 words
    • Article
      PC shipments by US makers up 17.6 pc in Ist quarter: Dataquest
      392 8  -  By Claire Leow SINGAPORE The number of personal computers shipped by the US rose 17.6 per cent in the first quarter, compared to the same period last year, as the PC boom continue*/. More than 3.94 million PCs
      392 words
    • WORLD WATCH
      • Article
        Lock icon Sanctions cost Belgrade US$ 45b: paper
        81 8 AFP BELGRADE International sanctions imposed against Belgrade for backing separatist Bosnian Serbs have cost the country US$45 billion (5567.5 billion) since they were imposed two years ago, the daily Politika reported yesterday. Citing government experts, the newspaper said in the first year of the
        AFP  -  81 words
      • Article, Illustration
        Lock icon Mourning for Honecker
        57 8 AFP SANTIAGO, Chile Relatives and friends of disgraced former East German leader Erich Honecker mourning as his body lay in a casket at Santiago's General Cemetery on Sunday. Mr Honecker, 81, had been living in exile in Chile with his wife, Margot, and daughter, Sonja, since January
        AFP  -  57 words
      • Article
        Lock icon Gatt chief urges ratification of WTO
        73 8 Reuter ST GALLEN, Switzerland Gatt director-general Peter Sutherland yesterday called for a quick ratification of the World Trade Organisation (WTO) by all the countries who signed the Uruguay Round trade agreement. "Ratification is clearly the first priority," Mr Sutherland said in a speech at
        Reuter  -  73 words
      • Article
        Lock icon European Parliament member arrested
        115 8 Reuter ASCHAFFENBURG, Germany German prosecutors formally arrested a member of the European Parliament yesterday, accusing him of being involved in a multi-million-dollar swindle to sell counterfeit money. Prosecutors in the Bavarian city of Aschaffenburg said Dieter Schinzel, a member of Germany's Social Democrats (SPD), was detained
        Reuter  -  115 words
    • Article
      Lock icon Clinton: no revamp to foreign policy team
      505 10 US President denies talk of changing Secretary of State and National Security Adviser FT WASHING lON US President Bill Clinton has denied that he plans imminent changes to his much criticised foreign policy team. In a weekend interview with the Los Angeles limes,
      FT  -  505 words
    • Article
      Lock icon Many legislators want tougher line on China, says congresswoman
      357 10 AFP WASHINGTON A congressional critic of President Bill Clinton's move to delink China's trade privileges from human rights concerns said on Sunday she had strong support among legislators for tougher action. Nancy Pelosi, a Democrat from California, is working with Senate
      AFP  -  357 words
    • Article, Illustration
      Lock icon A different sort of bread line
      62 10 Reuter LIMA About 1,500 volunteers slapping together a 4.5km-long line of sandwiches along a Lima expressway on Sunday to win Peru a place in the Guinness Book of World Records for the world's longest sandwich line. Ihe sandwiches, made from 10,000 loaves and 6,050
      Reuter  -  62 words
    • Article
      Lock icon Italian govt expected to approve tax plan aimed at creating jobs
      478 10 FT ROME The Italian government headed by Silvio Berlusconi is expected to approve a package of tax measures at the end of this week. Tax exemption of reinvested profits and fiscal incentives to encourage new car purchases. along the
      FT  -  478 words
    • Article
      Lock icon Saddam sacks his PM, takes over as head
      263 10 Reuter BAGHDAD President Saddam Hussein of Iraq sacked his Prime Minister on Sunday and took over personally as head of a new government to tackle a grave economic crisis. The ruling Revolution Command Council (RCC) said the change was needed because of
      Reuter  -  263 words
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      726 8 Singapore Technologies Industrial SINGAPORE TECHNOLOGIES INDUSTRIAL CORPORATION LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Eleventh Annual General Meeting of the Company will be held at the Singapore Computer Systems' Theatrette at 750 D Chai Chee Road, #03-01, Chai Chee
      726 words
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      486 8 ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD Non-redeemable Convertible Preference Shares of par value $2 each ("DBS CPS") at the price of $2 per DBS CPS payable in four equal instalments of $0.50 each To: All DBS CPS holders USE OF CPF FUNDS FOR CONVERSION OF DBS CPS In
      486 words
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      2822 9 111 l mmmr? m m mm m jss m m Mil CHUNG KHIAW BANK LIMITED AND ITS SUBSIDIARY COMPANIES 119 1 (INCORPORATED iN THE REPUBLIC Of SINGAPORE) BALANCE SHEETS 31 DECEMBER 1993 The Group The Bank The Group The Bank Notes 1993 1992 1993 1992 Notes 1993 1992 1993 1992
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      99 10 il No ONE CONNECTS EUROPE LIKE AIR FRANCE. L TT ji -^mmm*wmwfz^^^^^^^^m MBI^^^^^BPPIBBM^i^B^B THE BETTER WAY TO EXPERIENCE EUROPE. No other airline can take you to more European destinations from Paris than Air France. Five times a week, we fly you non-stop from Singapore to Paris. And then connect you
      99 words
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      2682 11 1111 jfi"J ill! Pi! Jli W-J JH JRS JfE II I I <a»in«*Wtt») 1111 LEE WAH BANK LIMITED AND ITS SUBSIDIARY COMFANIES II I I (ISJCORPORATEDM THE REPUBLIC OF SINGAPORE) BALANCE SHEETS 31 DECEMBER 1993 The Group The Bank The Group The Bank Notes 1993 1992 1993 1992 Note* 1993
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      4191 12 111 l m m iis n m msra m jtiin m MM UNITED OVERSEAS FINANCE LIMITED AND ITS SUBSIDIARY COMPANIES 111 l (IMCORPGRATED IN THE REPUBLIC OF SINGAPORE) I included m the cow ol lined assets at year end are assets amounting to $5 427 300 (1992 $6,079,400) lot the
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  • SPORTS
    • Article, Illustration
      Lock icon Trio for showdown on back nine at Colonial
      571 13 Golf AP FORT WORTH, Texas Talking over the rumble of thunder. Hale Irwin offered a wry assessment of yesterday's showdown in the rain-delayed Southwestern Bell Colonial golf tournament. "I'm sandwiched between these two guys," he sighed, glancing over at Scott Simpson and
      AP  -  571 words
    • Article
      Lock icon Player seeks place in Derby history
      562 13 Reuter LONDON For South African golfing legend Gary Player, breeding the winner of the Epsom Derby means more than winning two British Open tournaments. For Dubai's oil-rich Sheikh Mohammed, owning the winner is a passion that has never been fulfilled despite pouring millions of
      Reuter  -  562 words
    • Article, Illustration
      Lock icon All in the family
      141 13 AP INDIANAPOLIS, Indiana Al Unser Jr gave his father a priceless birthday gift on Sunday, extending their family's legendary racing legacy with a victory in the Indianapolis 500. Pole-sitting Unser won his second race here in three years after a heart-breaking crash eliminated leader Emerson Fittipaldi
      AP; Reuter  -  141 words
    • Article
      Lock icon Accident-free race proves just the tonic
      371 13 AP BARCELONA, Spain It was probably what Formula One needed: competition on a high scale, a Williams-Renault winning and most important no serious accidents. Damon Hill won the Spanish Grand Prix on Sunday, ending Michael Schumacher's four-race domination of the season so far. His
      AP  -  371 words
    • Article, Illustration
      Lock icon Ivanisevic, little-known Dreekmann in last eight
      709 13 French Open Sampras, Courier set for quarterfinal clash AP PARIS Fifth-seeded Goran Ivanisevic, with 15 aces to offset 80 unforced errors, yesterday advanced to the French Open quarter-finals. So did German teenager Hendrik Dreekmann, the least experi-" enced player left in the field. Dreekmann,
      AP; AFP  -  709 words
    • Article
      Lock icon National sports daily rates women pros on sexy looks
      426 13 AP PARIS Feminists read no further. Political correctness apparently doesn't translate into French. France's highly respected and widely circulated national sports daily I'Equipe devoted a half-page story yesterday to the physical attributes of today's women's tennis stars. Despite the article's light
      AP  -  426 words
    • Article
      Lock icon Rockets hold off Jazz to win game
      374 13 1994 NBA playoffs AP SALT LAKE CITY The Houston Rockets survived a poor offensive game by Hakeem Olajuwon. a gutsy comeback from the Utah Jazz and a botched job by the Jazz timekeeper to win game 4 of their NBA Western Conference final
      AP  -  374 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Athletics
        96 13 AP CORBY, hngland Linford Christie ran a modest 10.525 cc against a stilT head wind yesterday to win in the Inter-Counties 100 metres sprint, his first raee of the outdoor season. "You are always nervous about the first one. knowing that anything ean happen." said the 34-year-old Briton, the
        AP  -  96 words
      • Article, Illustration
        Baseball
        69 13 NtW YORK Major League Sunday American: Cleveland 7 Oakland 5: Toronto 5 California 0: Chicago 4 Baltimore 8; Kansas City 10 NY 6: Milwaukee 9 Seattle 8: Minnesota 1 Detroit 5; Texas 8 Boston 6. National: Montreal 4 Colorado 3 (10 innings): NY 8 Cincinnati 5; SF 3 Florida
        69 words
      • Article, Illustration
        Lock icon Cricket
        93 13 AP LONDON Brian Lara, who scored a world record 375 against England last month, was out for a duck for Warwickshire in a Sunday League match against Middlesex at Lord's. The West Indian batsman failed to score before he was dismissed Ibw by fast-medium bowler Mark Feltham in the
        AP  -  93 words
      • Article, Illustration
        Lock icon Golf
        273 13 AFP AP FRISCO, Texas Patty Shcehan scooped up the biggest single winner's pay-ofT in the history of US women's golf on Sunday when she finished the LPGA Skins Game with winnings of U*****.000 (*****.900). She took five skins and USS 145.000 in Sunday's nine holes. She had won six
        AFP; AP  -  273 words
      • Article, Illustration
        Lock icon Rugby
        198 13 AFP Reuter AFP SVDNEY Australia will field the new centre combination of Matt Burke and Matthew O'Connor against Ireland in Sunday's first international in Brisbane. Burke. 21. and Test debutant O'Connor 23. named yesterday in the Australian team, have never formed a centre pairing at any level although they
        AFP; Reuter  -  198 words
      • Article, Illustration
        Tennis
        99 13 PARIS French Open 4th rd Sunday Men: Jim Courier (US) b Olivier Delaitre (Era) 6-1 6-7 6-1 7-6; Pete Sampras (US) b Mikael Tillstrom (Swe) 6-4 6-4 1-6 6-4. Sergi Bruguera (Spn) b Patrick Rafter (Aust) 6-4 6-3 6-1: Alberto Bcrasategui (Spain) b Javier Erana (Arg) 6-2. 6-0. ret:
        99 words
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  • Page 14 Advertisements
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      1075 14 Noli ling BeatsAßud. where to w,ne dine and enterta|n OK FRESH .PASTA DAI LY. F From Pasta Fresco. The only restaurant to make Its own specialty pasta. Fresh. everyday. Savour perfect pizza, great y gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Frasca Oa e Pta ltd 30
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      Page 14 Advertisements Column 2
      295 14 lcl/= =^0 Jaticy Heijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian %in 'Beijing dumplings, a selection of set menus, and Heijing specialities Mlllfl such as teijing Ha fod Tench and Marinated Lamb. Janctf some nowt RESTAURANT
      295 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon An American in Paris
      874 15  -  Katherine Knorr was at the filming of the movie, Jefferson in Paris, by James Ivory and Ismail Merchant Katherine Knorr IHT IN 1784, Thomas Jefferson joined Benjamin Franklin and John Adams as America's representatives in France, and shortly afterwards replaced Franklin as the resident minister. Thus
      IHT  -  874 words
    • Article, Illustration
      Lock icon Sitting pretty
      58 15 AKP GULANG ISLAND, Kujian Well-off tourists getting a treat sitting in a sedan, a form of transportation used by the rich Chinese and emperors for thousands of years but later forbidden when the communists took over the ruling of China. Gulang Island is being developed for tourism as
      AKP  -  58 words
    • Article
      Lock icon McCartney's wife a tycoon?
      243 15 CHATTERBOX UPI AP AP AS IF Linda Eastman McCartney, wife of ex-Beatle Paul McCartney, isn't wealthy enough from his musical successes, she's got her mind set on becoming a frozen foods tycoon. She has started an allvegetable line of frozen foods called Home Style Cooking at
      UPI; AP  -  243 words
    • Article
      Lock icon Going by the book, it's a big success
      329 15 Reuter I T'S ENOUGH to send any bibliophile into a fit of ecstasy: thousands of publishers from around the world promote new and upcoming books for 45.000 US book store owners. Releases by bestselling authors such as Jeffrey Archer. Stephen King and
      Reuter  -  329 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      50 15 An Unbeatable V^ue! Enjoy an assortment of fresh Sushi and California Roll accompanied with Seafood Teapot Soup and Japanese pickles. Also includes a complimentary Bud Light/Bud Dry. 4m~ M /AY* t f>r* m mkmi !<n W*~c. dm*r LA/W-iK*' CHltfci— IS2 Hat lock RoaJ Singapore 01 It Tel: *****22 Fax: *****14
      50 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1319 15 TV RADIO The Beast trapped a no-exit weapon as as Beast. to on William Mastrosi- -4***99fc» play. Nanawatai. Night Parrot 9.30pm, SBC 12 Before Man's arrival, the giant Kakapo Parrot it ean grow 'flt J to the size of a small dog 'ffft used to roam freely the wooded and
      1,319 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Singaporeans in a buying frenzy
      764 16  -  The land Down Under is tops with local investors on a shopping spree for hotels, reports Neville D'Cruz Neville D'Cruz The writer is a Melbourne-based journalist who contributed this piece to B T SINGAPORE investors have virtually swept all before them this year in their
      764 words
    • Article
      Don't be floored by changes to building industry
      403 16  -  By Abdul Hadhi CHANGE is the only constant in life so said a wise man. Applying the oft-quoted dictum to the local construction industry, Singapore Contractors' Association Ltd president Kong Mun Kwong broadly lists four new developments to which firms will have
      403 words
    • Article, Illustration
      Spanish hotel chain plans big push into Asia
      836 17  -  A sunny outlook has prompted the Grupo Sol group to open more hotels in the region, says A J Leow A J Leow SPAIN'S Grupo Sol hotel group, better known for their Melia hotels, is making a big push into Asia to
      836 words
    • REGIONAL SKYLINE
      • Article
        Lock icon HK property slide won't harm bourse
        94 17 Reuter HONGKONG The recent downturn in Hongkong's property market is positive for the territory and will not harm the stock market in the long term. Peregrine Investments Holdings Ltd chairman Philip Tose said yesterday. The government has pledged to introduce measures soon to cool
        Reuter  -  94 words
      • Article
        Lock icon Macau hurt by China capital outflows
        86 17 Bloomberg Business News HONGKONG The real estate market in Macau is depressed as mainland Chinese capital flows out, the Portuguese news agency Lusa said on Sunday. The agency quoted Macau Real Estate Agents Association vice-president Wong Kin Chung as saying that about 20,000 apartments
        Bloomberg Business News  -  86 words
      • Article
        Lock icon Perth, Sydney shine in office properties
        91 17 Australian Financial Review SYDNEY Perth and Sydney have outshone other capital cities in the net absorption of otYice space, according to first-quarter figures compiled by JLW Research. The JLW national leasing director, Clive Cowham, said last week the recovery had been quicker than many
        Australian Financial Review  -  91 words
      • Article
        Lock icon Thai groups invest in border projects
        92 17 Eastern Express HONGKONG Following the Thai government's policy of "turning old battlefields into marketplaces", many enterprising groups have invested heavily in properties bordering Cambodia. Among them is the Rooks group, which has begun its push to develop Koh Chang island, off Trat province, which
        Eastern Express  -  92 words
      • Article
        Lock icon Gold Coast flats are hot property
        63 17 Australian Financial Review SYDNEY The Gold Coast's rebounding apartment market is poised to enjoy an extended growth period, peaking in 1997-98, according to quantity surveyors Rider Hunt. More than A$X() million (5589.6 million) of units have been sold off-the-plan this year, with new benchmark
        Australian Financial Review  -  63 words
  • Page 16 Advertisements
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      212 16 It n i i i Judges and lawyers too. i When members of the legal I profession awe not on their feet in I the hkgfi Court, they're on a Henry. Seated, comfortably. Each of these chairs has been carefully selected j and specially imported by us because i we
      212 words
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  • Page 17 Advertisements
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      104 17 aJ Pt I PU|B 1 HI I J ■bm| V VI We respectfully suggest you arrive early. Our exhibits tend to draw crowds. For over a century, ever since Alexander more recently, by the world's first commercial Graham Bell invented the telephone, AT&T deployment of ISDN technology. has been committed
      104 words
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  • Article
    Kudos to Clinton
    560 18 EDITORIAL WE do not do this with rose-coloured glasses on." said US President Bill Clinton when he announced the renewal of China's Most Favoured Nation (MFN) trade status with v irtually no conditions attached. The long-awaited announcement was a complete volte tace abandoning, in one fell swoop,
    560 words
  • WHAT THE OTHERS SAY
    • Article
      All at sea over policy
      309 18 IN ITS annual report released recently, the International Institute for Strategic Studies, a London-based thinktank. said that if the end of the Cold War era were to lead to a stable new order, the big powers would have to play a more effective role to
      309 words
    • Article
      When economics finally won
      213 18 THE UNITED STATES finally returned to pragmatism when President Bill Clinton announced last Thursday that he was renewing China's most favoured nation trading status for another year. What was more important was his announcement that he was abandoning his policy of linking trade issues and human
      213 words
    • Article
      A significant visit
      225 18 SO MUCH attention has been focused on the renewal of China's MFN status that the visit of Russian Prime Minister Viktor Chernomyrdin to China was largely overlooked. In fact, this visit had a profound influence on, and can even be said to be a new starting-point for.
      225 words
    • Article
      Getting Gatt going
      210 18 NO ONE was naive enough to think that the signing of the Final Act of the Uruguay Round of multilateral trade negotiations in Marrakesh, Morocco, in midApril would immediately signal the start of a new era in world economic cooperation. Life can be as simple and as
      210 words
    • Article
      After the polls
      132 18 FOUR YEARS ago tomorrow, Myanmar's first free and fair elections were held after 26 years of one-man rule, and two years after the nationwide pro-democracy movement was brutally crushed. Like it or not, Myanmar has already agreed to be present at Ascan's July meeting in Bangkok. In
      132 words
  • Article, Illustration
    The Europe Brittan needs
    897 18  -  Leon Brittan. one of the eandidates for the post of European Commission president, shares his views on Europe with Jackie Masse Jackie Masse The writer, a Paris-based journalist, contributed this article to BT THE NEXT president of the European Commission will be chosen during the European
    897 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      361 18 PRE-QUALIFICATION TENDER EXERCISE FOR A FUTURISTIC THEME PARK IN SINGAPORE AIM The Singapore Science Centre, as part of its long-term expansion plans, is inviting investors to design, develop and operate an educational hi-tech theme park in Singapore. Located on 3.75 hectares of prime recreational land beside the Singapore Science Centre's
      361 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      63 18 \'T*\ pfV/WG F\ COURTESY GOOD T 0 L£T '1! cptt t 0 iwe diß&ctors see uov*> FL00R.... F*ce occf\sioMP»iiV... FiOORS.... DOONESBURY GARRY TRUDEAU I sMome'lN° BUT tu SSI CHARMS SAY^ LO/HB&< HE&7O A 6AN6 LOUJMB TOMAKB TOMSANPEFUF., MM*MM, /BOYS \f SURRENPBX' INTROPUC TIONS SPHOKRJ6AN FROM U66eTT,US. Spk MBANPTHB J COMN'
      63 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon The tortuous path towards MFN
      1370 19  -  Elaine Sciolino looks at the painful decisions US President Bill Clinton had to make over China's most favoured nation trade status Elaine Sciolino NYT WARREN Christopher was in China, and the president was furious. The secretary of state's high-profile trip in March was supposed to
      NYT  -  1,370 words
    • Article, Illustration
      Lock icon The man who burst the bubble
      1362 19  -  Yasushi Mieno's tenure as Bank of Japan governor covered one of the most tumultuous and humbling periods in the country's financial history. James Sterngold reports James Sterngold NYT ONLY a few years ago, an awesomely wealthy Japan was in the vanguard of the international
      NYT  -  1,362 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      51 19 I I WATCHES BY G.B. I I would like io congratulate I I Geoffroy de Drouas I I on the inauguration of I I GEMEAUX Pte Ltd I I GEMEAUX Pte Ltd I I Tel: *****08 Fax: *****14 I Stle ilHnhutor for Malaga. Thailand. ImloneHa aixl Brunei. >* -u mmm-
      51 words
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  • Article
    Asian economies among least risky in developing world: EIU
    496 20  -  By Anna Teo SINGAPORE Asian economies are still among the least risky in the developing world, but growing risks in China do not bode well for regional stability, says the Economist Intelligence Unit (EIU). In its latest 1994 secondquarter country risk
    496 words
  • Article, Illustration
    Lock icon Hosokawa escapes unhurt after attack by right-wing gunman
    309 20 AFP TOKYO A lone right-wing gunman tried to assassinate former prime minister Morihiro Hosokawa yesterday in an assault that shocked political leaders and reminded the country sharply of brooding nationalist sentiment. The gunman fired a single shot at Mr Hosokawa from around
    AFP; Reuter  -  309 words
  • Article
    Lock icon Suharto defends presence of big business
    300 20 Reuter UPI JAKARTA Indonesian President Suharto, reacting to renewed complaints about the grip of conglomerates on the economy, defended big business and said the country would be lost without it. official media said yesterday. State television, radio and the official Antara news agency carried
    Reuter; UPI  -  300 words
  • Article, Illustration
    Investing in Russia could be painful on the pocket
    789 20  -  The Bottom Line CRAIG COPETAS CRAIG COPETAS The writer, a Paris-based journalist, spent six years in Moscow as a news correspondent and is author of Bear Hunting with the Politburo. He contributed this commentary to RT. USSIANS still fish in the
    789 words
  • Article
    Kim to discuss security of Korean peninsula with Russia
    333 20  -  From John Helmer in WASHINGTON SOUTH Korea's President Kim Young Sam will discuss Russian contributions to the security of the Korean peninsula in talks starting in Moscow tomorrow. In his first official visit to Russia, Mr Kim will emphasise measures to
    333 words
  • Article
    Lock icon Australia's ACP buys 46pc of Vietnam paper
    288 20 Reuter HANOI An Australian company's purchase of a 46 per cent interest in the weekly Vietnam Investment Review, announced in Sydney yesterday, highlights growing foreign rivalry for a stake in the communist country's press. Magazine publisher Australian Consolidated Press (ACP), in which billionaire
    Reuter  -  288 words
  • Article
    Lock icon EC plans way to bridge funding gap
    282 20 Reuter BRUSSELS The European Commission will present next week's meeting of European Union finance ministers with a formula for bridging any gap in funding for cross-border road, rail, energy and telecommunications networks, monetary sources said. "A paper is being drawn up now and
    Reuter  -  282 words
  • Page 20 Advertisements
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      79 20 Nitsuka JliSat Digital Keyphone Systems Leading Edge Technology I FULL SERVICE OFFICES I'll 11 v furuislied exeeutive suites lull-tiine stall al your serviee onlereuee r< ioiiis lull support iitsjf up-to-date laeilities Strategic location Ideal lor one/two person set-up \ety reasonable rales. AHSOIITMIV \o iiiddfx iiak(.i:s! Visit us lo convinvv ijihwsvl)'.
      79 words
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      Page 20 Advertisements Column 2
      273 20 Distributor: !el: 2U 10SS fa*- 97 fi 7R Q S Singapore Communication s Equipment Co Pie Ltd I 0A i 4/0 I Vl/ V T duality Smite MASTER OF SCIENCE EH in MM MULTINATIONAL MANAGEMENT UNIVERSITY Ranked as one of the top three business and management schools in the United
      273 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        39 21 Mixed 'Market Mihhl' indicates the likely trading sentiment today, based i>n brokers /tolled at 5-ftpm yesterday. Overnight events may alter sentiment Brokers polled Alliance. Harm*, batwa. GK Goh. Morgan tirenfell, Nomura. Ongco. Smith Sew Court. M Carr
        39 words
      • Article, Illustration
        HOT STOCK
        123 21  -  By Quak Hiang Whai APOLLO Enterprises Ltd. which was suspended yesterday, has seen some heavy losses since the end of last year, having slipped from around 52.60 in December to $1.38 last week. That sharp drop has driven all its short and medium term indicators into the oversold
        123 words
    • Article
      Hong Fok plans to reorganise three construction companies
      291 21  -  By Teh Hooi Ling SINGAPORE Property company Hong Fok Corporation (HFC) has proposed reorganising all its construction companies under its newly acquired Crystal Cay Ventures (CCV), which is incorporated in British Virgin Islands. The three construction companies involved are Singapore's Maincon (Building)
      291 words
    • Article
      Gold Peak sells llpc of Clipsal shares
      335 21  -  By Catherine Ong SINGAPORE Hongkongbased Gold Peak Industries (Holdings) has placed out five million Clipsal Industries' shares or 11 per cent of its issued capital at U555.35 each to institutional investors. The U5526.75 million (5540.9 million) placement was done last Friday after stock
      335 words
    • Article, Illustration
      Inno-Pac to expand paper business, seek new ventures
      183 21 SINGAPORE Trading and fast food group Inno-Pacific Holdings, which has just successfully completed its financial restructuring, plans to expand its core paper business and look for new ventures. Newly-appointed chairman Ridzwan Dzafir, in the company's latest annual report, said the group's core
      183 words
    • Article
      Sale of assets helps Bousteadco to bounce back with $8.lm profit
      280 21  -  By Quak Hiang Whai SINGAPORE Bousteadco Singapore is back in the black, having posted a net profit of $8.09 million for the 15 months to March 31 this year. The improved performance was due to an exceptional item of
      280 words
    • Article
      A minor hiccup for Nat Steel unit, Goldtron
      721 21  -  HOCK LOCK SIEW By Joseph Kajendran SINGAPORE US computer sound card firm Media Vision, in an effort to regain financial credibility, has just formed a nine-member committee to work out a debt-repayment schedule a move that has implications for two local companies.
      721 words
    • Article
      Centrepoint to launch River Valley condo project within two months
      396 21  -  By A J Leow SINGAPORE Centrepoint Properties Ltd expects to launch its upmarket condominium project at the site of the former Fraser Neave bottling plant along River Valley Road within the next two months. CPL's executive director, G H Darwin,
      396 words
    • Article
      Hai Sun Hup achieves AIS status
      371 21  -  By Dexter Lee SINGAPORE Hai Sun Hup has secured approved international shipping enterprise (AIS) status, a move that spells considerable tax savings in the long run. The company will enjoy tax exemption on income earned overseas for an initial period of 10 years, subject
      371 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          PCI buys stake in Metro Pacific
          75 22 SINGAPORE PCI has subscribed for 88,220 shares of one peso each, or 28.7 per cent of the share capital, of Metro Pacific Land Holdings, a company incorporated in Manila. The other shareholders are Metro Pacific Corp, with 50 per cent, and Rufino Group, with
          75 words
        • Article
          Vickers Ballas raises paid-up capital
          33 22 SINGAPORE Vickers Ballas Holdings has pumped in another $50 million to raise the paid-up capital of wholly owned subsidiary Vickers Ballas Co to $150 million from $100 million.
          33 words
        • Article
          Lock icon Morgan Stanley going back into Asia
          71 22 Reuter NEW YORK Morgan Stanley Group Inc chairman of asset management Barton Biggs said it was reducing its cash position to about 7 per cent of the portfolio and "going back into Asia," according to Barron's. Mr Biggs told Barron's that Morgan Stanley was
          Reuter  -  71 words
        • Article
          45pc of Bugis Junction office space leased
          89 22 SINGAPORE About 45 per cent of office space in the $1 billion Bugis Junction project has already been taken up. Ownerdeveloper Bugis City Holdings said yesterday lease agreements had been sealed with trading-based Intraco, Prudential Assurance Company Singapore and Steamship Investment and Development.
          89 words
      • Article
        UNIT TRUSTS & FUNDS
        445 22 UNIT TRUSTS FUNDS Managers' price* May 31 US Gr Fund 103 107" Singapore Unit Trust M f B H ,nwst M t L SJ Th« Commerce 1.68 l.7tad 1 025 1 05 0 70 0 74 United Gr Fund! 1.70 1.77 S'pore KnS d ui United Asia Fund 1.70 80S
        445 words
      • Article, Illustration
        MAS posts pre-plane sale profit, declares worst over
        618 22  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA Airlines (MAS) officials yesterday declared that the worst was over for the carrier after it reported a pre-tax profit before aircraft sale of M 54.3 million (552.5 million) for the year ended March 31,
        618 words
      • Article
        Payment date set for DBS convertible shares
        350 22 SINGAPORE The second instalment of $0.50 per share of DBS Bank's non-redeemable convertible preference shares (DBS CPS) is due for payment on July I. In a statement yesterday, the bank said that while CPK savings could not be used for instalment payment, DBS
        350 words
      • Article
        MWE, Motorola strike long-awaited technology licensing deal
        305 22  -  By Ho Kay Tat KUALA LUMPUR After two years of negotiations, MWL Holdings Bhd has finally struck a licensing deal with Motorola Inc for the American electronics giant to use an ultra-fast battery charging technology patented by a Danish firm that MWE controls.
        305 words
      • Article
        MRCB turns in 43pc rise in net profit to M$ 49m
        287 22  -  -By Ho Kay Tat KUALA LUMPUR Malaysian Resources Corp Bhd (MRCB) has reported a 43 per cent rise in net profit after extraordinary items to M 549.36 million (5529.1 million) for calendar 1993, up from M 534.59 million a
        287 words
      • Article
        Lock icon Wheelock Prop to buy San Miguel's HK brewery for HK$ 3.5b
        293 23 AFP MANILA Wheelock Properties Ltd of Hongkong is to buy San Miguel Corp's prime site Hongkong brewery for HKS3.S billion (***** million). A statement from the brewery's parent company yesterday said Wheelock. a subsidiary' of one of Hongkong's biggest
        AFP  -  293 words
      • Article, Illustration
        Lock icon Star TV aims to break even next year
        183 23 Bloomberg Business News HONGKONG Asian satellite television broadeaster Star TV aims to begin breaking even next year after suffering losses since it was started in 1991, according to its chief executive Gary Davey. "The anticipation is that we will break even at
        Bloomberg Business News  -  183 words
      • Article
        Lock icon Shougang Concord's net profit up 184 pc to HK$ l44m
        276 23 Bloomberg Business News HONGKONG China-con-trolled real estate and investment concern Shougang Concord Grand Group yesterdaysaid its net profit climbed 184 per cent to HKS 144.0 million (5528.5 million) in 1993 from HKSSO.B million in 1992. But most of the profit
        Bloomberg Business News  -  276 words
      • Article
        Brierley formalises energy joint venture with Southpac
        312 23  -  By Teh Hooi Ling SINGAPORE New Zealand's Brierley Investments, partly owned by the Singapore Government, has formalised a joint venture with merchant bank Southpac Corporation to develop energy projects, primarily in Asia. The joint venture, known as Asia Power Ltd, combines the structuring
        312 words
      • COMPANY BRIEFS
        • Article
          Lock icon Total's lst-half profit seen unchanged
          89 23 Reuter PARIS Total's operating profit for the first half of 1994 is likely to be relatively close to that of the same period in 1993, chairman Serge Tchuruk said. In the first half of 1993, the French oil group made an operating profit of 3.49
          Reuter  -  89 words
        • Article
          Lock icon Drop in Dowa Mining's recurring profit
          66 23 Knight-Ridder TOKYO Japan's Dowa Mining Co Ltd yesterday reported a recurring profit of 2.34 billion yen (5535.1 million) for the fiscal year ended March 31, down 35.9 per cent from a year earlier. Dowa Mining, a large non-ferrous mining and smelting company, also forecast
          Knight-Ridder  -  66 words
        • Article
          Lock icon Pizza Hut to open 100 outlets in China
          150 23 Bloomberg Business News NEW YORK Pizza Hut, a unit of New York-based food giant Pepsico Inc, will open 100 restaurants in China over the next five years, the Wall Street Journal reported. The size of the investment was not disclosed. Pizza Hut
          Bloomberg Business News  -  150 words
        • Article
          Lock icon Mitsubishi expects better results
          106 23 AFP TOKYO Japan's largest chemical manufacturer Mitsubishi Kasei Corp yesterday forecast its consolidated pre-tax profit to total 2.6 billion yen (SS39 million) in the year to March 1995. The company had earlier expected a pre-tax loss of 2 billion yen for the year. Mitsubishi Kasei attributed
          AFP  -  106 words
        • Article
          Lock icon Degussa sale of Leybold cleared
          83 23 Bloomberg Business News BERLIN Germany's competition authorities said they cleared Degussa AG's planned sale of vacuum technology maker Leybold AG to Swiss conglomerate Oerlikon-Buehrle Holding AG. provided the agreement is modified. The companies were informed they would have a "dominant market position" in two product
          Bloomberg Business News  -  83 words
        • Article
          Lock icon Tiphook's HK listing withdrawn
          96 23 Reuter HONGKONG Tiphook pic shares will be withdrawn from its secondary listing in Hongkong after the close of business yesterday, the stock exchange said. Trading in the company's shares, which are also listed in London, was suspended in Hongkong on Friday. As Europe's largest container and
          Reuter  -  96 words
      • Article
        Lock icon Record sales from expansion lift CSR's profit by 28pc
        523 24 Bloomberg Business News SYDNLY Australian building materials and sugar concorn CSR Ltd said full-year net profit rose 28 per cent on record sales resulting from expansion in sugar, aluminium and cement operations. The company said profit in the 12 months ended
        Bloomberg Business News  -  523 words
      • Article, Illustration
        Lock icon Finger lickin' likeness
        72 24 Reuter HEN'RYYILLK, Indiana John C Ba\ley had the judges of a Colonel Sanders look-alike contest eating out of his hands over the weekend, t he contest was part of a celebration held in Henryville, the birthplace of the original Colonel Sanders, whose 1939 recipe for Kentucky Fried
        Reuter  -  72 words
      • Article
        Lock icon Toray, Mitsui to set up resin JV in Indonesia
        314 24 AFP TOKYO Japan's Toray Industries Inc and Mitsui Petrochemical Industries Ltd are setting up an Indonesian joint venture to produce resin for plastic bottles. Under the agreement, the new company will be capitalised at 1.1 billion yen (5516.2 million). Toray announced
        AFP  -  314 words
      • Article
        Lock icon Newspaper group plans A$ 128m capital return
        156 24 Reuter PERTH West Australian Newspapers Ltd said it planned a restructuring involving a capital return of about AS 128 million (*****.4 million) to shareholders. It said key aspects of the proposal were: A 68 cent a share return of capital totalling AS 127.9
        Reuter  -  156 words
      • Article
        Lock icon Bell companies losing appeal in face of competition: analysts
        325 24 Reuter NEW YORK The regional Bell telephone companies' reputation as blue-chip stocks paying good dividends is being eroded by looming competition from new wireless, cable TV and fibre network operators. While consensus Wall Street recommendations on the Bells are to buy
        Reuter  -  325 words
    • FINANCE & COMMODITIES
      • Article
        MAS is top performer among Asian central banks
        429 26  -  Singapore's monetary watchdog leads eight categories in Asiamoney poll By Quak Hiang Whai SINGAPORE The Monetary Authority of Singapore (MAS) has come out tops in a survey by financial magazine Asiamoney on the performance of central banks in Asia. The republic's de
        429 words
      • Article
        Lock icon Bank Negara expected to wait for M$ to rise before easing curbs
        290 26 Reuter KUALA LUMPUR Malaysia's Bank Negara will wait for the ringgit to rise to 2.55 against the US dollar before easing further its anti-specula-tive restrictions, money market dealers say. "The whole market is expecting it but I don't
        Reuter  -  290 words
      • Article
        Central banks outfox forex markets
        623 26  -  Narrow-range trading of currencies thwarts speculators ambitions From Neil Behrmann in LONDON SINCE the European currency crisis nearly a year ago, banks, investment funds and speculators have attempted to create big moves in the currency markets. But central banks have been more shrewd than the
        623 words
      • Article, Illustration
        Dawn of the electronic wallet
        106 26 SINGAPORE The Network for Electronic Transfers (S) Pte Ltd, which runs a nationwide cashless payment system, yesterday unveiled the new Cash Card. Ihe company said in a statement yesterday that the Cash Card was based on leading-edge smart card technology, and its design "creatively features
        106 words
      • Article
        SocGen S'pore forms division for commodities financing
        358 26  -  By Shiv Taneja SINGAPORE With US$3OO million (SS46O million) of pure commodities financing, French bank Societe Generale Singapore has now set up a separate division within its branch here four years after it first began commodities financing from Singapore. In an interview yesterday,
        358 words
      • SMALL CHANGE
        • Article
          Lock icon Bank writes off 30b yen in loans
          113 26 Bloomberg Business News TOKYO Ashikaga Bank, a major regional bank based north ot Tokyo, said it gave up 30 billion yen (SS44O million) in nonperforming loans extended to two affiliates facing financial troubles. the Nihon Kcizai newspaper reported last Saturday. Ihe bank wrote
          Bloomberg Business News  -  113 words
        • Article
          Lock icon Halifax seeks overseas licence
          91 26 Bloomberg Business News LONDON The Halifax Building Society, the largest home lender in the Uk. is seeking a banking licence that would allow it to raise funds overseas for long-term mortgages, according to the Times of London. However, the building society has no plans to go
          Bloomberg Business News  -  91 words
        • Article
          Lock icon Morgan Stanley's new Indian office
          67 26 Reuter NEW DELHI The Reserve Bank of India has permitted Morgan Stanley Asia, part of the USS4.2 billion (556.4 billion) Morgan Stanley Group of the US. to set up an office in Bombay. The new office is expected to widen Morgan Stanley's business in India,
          Reuter  -  67 words
        • Article
          Lock icon Indian bankers put off strike
          65 26 Reuter NEW DELHI A strike by Indian bank employees, scheduled for Thursday and Friday, has been put off to encourage talks between unions and management. The Press Trust ot India said the strike, the latest in a series of stoppages by bank stafT. was called
          Reuter  -  65 words
        • Article
          Lock icon UAE banks meet BIS requirements
          104 26 AFP ABU DHABI The 19 national banks in the United Arab Emirates (UAE) have met adequacy requirements set by the Bank of International Settlement (BIS) after some of them raised their capital. More than seven banks have boosted capital by between 5 and 100 per
          AFP  -  104 words
        • Article
          Lock icon Nine suspended for negligence
          133 26 AFP KARACHI Nine officials of Pakistan's central bank have been suspended for negligence in connection with a multi-million dollar banking scandal. A senior executive of the State Bank of Pakistan, speaking on condition of anonymity, said last Saturday the action had been taken following an investigation.
          AFP  -  133 words
      • Article
        Lock icon US, Japanese firms picked for Aramco refinery upgrade: report
        177 26 Reuter DUBAI Saudi Aramco technical and commercial committees have selected two US and one Japanese company for a major upgrade of Aramco's Ras lannurah refinery, the Saudi-owned newspaper Al-Hayat said yesterday. It quoted well-informed industry sources as saying the committees had
        Reuter  -  177 words
      • Article, Illustration
        Untitled
        1523 26 lra.Uu.nMil /!!</< loklilulal V/irw'i 14 tuulinit /urMcTt Dtr /V,V< US$/S$ forward rates Noon May 30 s$ Bid Offer I -month I.S3I4 I.$334 2-monlh 1.5316 1.5331 '-month ***** ***** 6-month 1.5302 I.>322 .Vwnr (X HI Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May 30 Singapore dollars lo one
        1,523 words
      • Article
        Lock icon Commodities rally seen luring bank money back
        182 26 Reutcr AMSTERDAM The recent explosion in raw material prices after years of dormancy will lure banks back into commodity financing spurred by new opportunities in Eastern Europe and opening Third World economics, a leading banker said. "I'm concerned that the banks that got
        Reutcr  -  182 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar ends near intra-day lows
        1283 27 SIMEX REPORT Reuter SINGAPORE Simcx Eurodollar closed near its intra-day lows in light trading yesterday with the US and UK closed for Memorial Day and Spring Bank Holiday respectively. "A different trend has emerged for Eurodollars. After the better-than-expected GDP figures last week, the futures
        Reuter  -  1,283 words
      • Article
        KL tin closes lower on higher offers
        614 27 COMMODITY REPORTS Tin MALAYSIAN tin closed 26 sen down at MS 14.10 u kg yesterday. mainly affccted by a higher supply of metal concentrates due to some fresh foreign ore. Traders said turnover rose to 91 tonnes against 81 on Friday. "Ihe market
        614 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China on 1994 copper imports
          104 27 HONGKONG China cxpccts to import more than 300.000 tonnes of copper this year, even though import demand slumped between January and March, the official China Daily newspaper reported on Sunday. Due to a surge in copper imports last year, supply outweighed demand in the January-March
          104 words
        • Article
          Japan's April wheat imports lower
          55 27 TOKYO Japan's customs-cleared imports of wheat fell 30.4 per cent to 300,575 tonnes in April compared with a year ago. according to figures released yesterday by the Ministry of Finance. Corn imports fell to 1.20 million tonnes in April, down 18.8 per cent from a
          55 words
        • Article
          Keener competition in sugar seen
          113 27 SYDNEY Profit margins in the Australian refined sugar market will fall once current forward sales are completed. CSR Ltd managing director Geoffrey Kells said yesterday. Mr Kells said the domestic refined sugar market is now oversupplied with the entry of new player Mackay Refined Sugars.
          113 words
        • Article
          Australian feed barley prices up
          85 27 SYDNEY Dry conditions which are delaying crop planting across Australia's eastern states are driving up feed barley prices, as users top up supplies from the past harvest. One New South Wales trader said prices for feed barley in the northern part of the state have
          85 words
    • Article
      COMMODITY PRICES
      1415 27 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Juiv 94 151.50 ilo 825 Jul 151.00 151.00 151.75 25 2925 Aug 150.75 150.75 150.75 150 1150 Sep 149.50 147.75 149.50 300 3325 Oct/Pcc 149.50
      1,415 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1065 28 -10.4 Australian stocks closed lower on a lack of overseas direction yesterday, brokers said. They said public holidays in the US and Britain kept the lo"cal exchange subdued and investors sidelined. t "London was down significantly on Friday and there's no overseas buying because of the Jong weekend holidays."
        1,065 words
      • Article
        Manila
        578 28 +44.39 Philippine share prices edged up 1.52 per cent yesterday on foreign buying in beer and manufacturing giant San Miguel Corp and power retailer Manila Electric Co (Meralco), analysts said. The Philippine Stock Exchange composite index climbed 44.39 points to close at 2,951.39. It was down by 0.34 per
        578 words
      • Article
        Taipei
        543 28 +62.8 Taiwan's benchmark stock index rose as investors bid up big electronics companies expected to raise forecasts of 1994 profits during the next few weeks, analysts said. Acer Inc. the country's largest manufacturer of personal computers, rose NT$2.5O or 3.8 per cent to NT$65, and United Microelectronics Corp. a
        543 words
      • Article
        Seoul
        451 28 -6.32 Stocks closed lower in reduced trading volume on consolidation of recent selective gains and concerns about the North Korean nuclear issue, brokers said. The composite stock index shed 6.32 points to 945.64. "Worries over growing North Korean nuclear tensions put further pressure on the market, which was anyway
        451 words
      • Article
        New Zealand
        273 28 -6.16 New Zealand shares ended lower as the closure of New York and London markets yesterday damped activity, traders said. New Zealand's market frequently takes its cue from offshore markets because foreigners are big shareholders. The New Zealand Top 40 share index ended 6.16 points down at 2,142.43.
        273 words
      • Article
        Bombay
        48 28 +36.39 Share prices closed slightly higher on selective buying in a low volume trading session, brokers said. The Bombay Stock Exchange 30-sharc index closed at a provisional 3.824.90. up 36.39 points from the previous close. The 100-share national index closed 13.60 points up at a provisional 1,840.68.
        48 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        1878 28 London May 27 Pence Industrials A. A. Corp Adr 46 >1.130 .Abbey National 313 -4 Allied Lyons ....5*0 4/8 -2 4/8 AM 110 -3 Argyll 240 s Asda Group $4 4/8 BAT Ind 408 -114/8 BICC 413 -II ■or Gimp W -13 BR Petroleum 385 4/8 -10 BTR 370 -17
        1,878 words
      • Article
        Paris
        172 28 1.84 French stocks closed little changed yesterday as investors were resigned to a halt in interest rate cuts and took stock after last week, the market's worst week of the year. The CAC-40 Index of leading French stocks rose 1.84 points, to close at 2,052.51, while the SBFI2O Index
        172 words
      • Article
        Stockholm
        128 28 -12.1 Swedish shares closed lower in light trading without the support of overseas investors. Many foreigners, who sometimes account for half of daily trading, were absent because of the holidays in the UK and US. Only 3.3 million shares were traded, about a quarter of an average trading day.
        128 words
      • Article
        Frankfurt
        264 28 +8.77 German stocks were little changed in post-market trading as uncertainty about fthc future course of German interest rates weighed Jon investors. Trading activity was flight. Financial markets in the US and the UK were Jclosed. The DAX Index of 30 German shares rose 8.77 'points above the official
        264 words
      • Article
        Brussels
        204 28 Belgian stocks closed little changed amid signs that interest rates are steadying. The Bcl-20 Index of blue-chip stocks dropped 0.44 point, or 0.03 per cent, to 1,491.44. Just 68,000 shares changed hands, a quarter of average volume, with investors in the UK and US on holiday and markets there
        204 words
      • Article
        Milan
        196 28 +64 Italians stocks closed slightly higher yesterday after the new government's first package of economic legislation, announced late Friday afternoon, was greeted with a ripple of enthusiasm in the market. The blue-chip Mibtel index rose 64 points to close at 11,696 in trading yesterday after falling some 4 per
        196 words
      • Article
        Amsterdam
        293 28 +0.79 Dutch stocks were little changed as investors awaited direction from the US and UK financial markets, which were closed for holidays. Only 1.6 million shares changed hands in one of the quietest sessions this year. The average daily trading activity on the Dutch bourse is 10 million shares.
        293 words
      • Article
        Zurich
        259 28 +31 Swiss stocks rose in low volume, boosted by banking shares and a late rally in the stock of Nestle SA, traders said. The Swiss Market Index, which tracks the top 21 shares, gained 31.0 points to close at 2,742.9, with 15 stocks rising and six falling. Banking stocks
        259 words
      • Article
        Johannesburg
        300 28 •21 South African shares finished mixed in mostly slow trade yesterday as the market struggled to regain momentum ahead of today's holiday, dealers said. But they said mining shares had displayed a firm undertone amid hopes that precious metals would post further gains. The overall index ended up 15
        300 words
      • Article
        Toronto
        256 28 -10.52 Toronto stocks eased in sleepy midday dealings as the market searched for direction with the New York and London markets closed for national holidays yesterday. The TSE 300 composite index fell 10.52 points to 4,317.52 in turnover of 13.17 million shares valued at CSII4 million. Declines outpaced advances
        256 words
    • Article, Illustration
      Lock icon HONGKONG
      3168 29 Bloomberg Business News HONGKONG Stocks were mixed as news on the US decision to renew China's most-favoured-nation (MFN) trading status offset concerns over the results of a government land auction last week. "Investors are digesting the favourable MFN news, but they are still concerned about the direction of real
      Bloomberg Business News; Source: Bridge Info  -  3,168 words
    • Article, Illustration
      Lock icon CHINA
      557 29 CLSA IN Shanghai, turnover in B shares remained strong at US$lO.4 million. Material Centre shed 3.5 per cent on heavy turnover. Active trades were also recorded for Friendship Store, Sewing Machine, Lian Hua Fibre and Steel Tube, which all lost up to 5 per cent on closing. The overall
      CLSA  -  557 words
    • Article, Illustration
      Lock icon TOKYO
      2567 29 Bloomberg Business News TOKYO Stocks rose for the second straight trading session yesterday on optimism surrounding stronger-than-expected earnings reported by Japanese companies, traders said. "Earnings are slightly better than people had expected," said Andrew Callendar, a fund manager at GT Management. "People are saying that corporate restructuring is beginning
      Bloomberg Business News; Source: Bridge Info  -  2,567 words
    • Article, Illustration
      Lock icon BANGKOK
      1856 29 Bloomberg Business News BANGKOK Thai stocks were mixed as gains in finance issues were offset bydeclines in industrial and property shares yesterday. The Stock Exchange of Thailand index rose 0.04 point to 1.383.61. Declining issues outnumbered advancers 145-143. A total of 9.5 billion baht worth of shares changed hands,
      Bloomberg Business News; Source: Bridge Info  -  1,856 words
    • Article, Illustration
      Lock icon JAKARTA
      1178 29 Bloomberg Business News JAKARTA Stocks were mixed yesterday as a decline in Barito Pacific, the largest stock on the exchange, offset gains in companies that recently announced strong first-quarter results. traders said. The Composite Index was 1.2 points, or 0.2 per cent, down to 503.77 as of 5.15 pm
      Bloomberg Business News; Source: Bridge Info  -  1,178 words
    • Article
      CLOB INTERNATIONAL
      2403 30 MOST ACTIVE volume Mulpha Intl 5Qc 1.961,000 Kamuntmg 50c 925.000 i Idris Hyd MX 914.000 Rrorocl 837.000 Multi-Purpose 701.000 Lien Hoc TSR97 679.000 Kcnong Bhd MX. 673.000 Ganda Hldg» 570.000 Bcrja\a L Wt99 566.000 FACB 50c 546.000 AMDB 50c 442,000 Ind Oxygen Wt95 388.000 Getting Inl US$ 341.000
      2,403 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks lose ground as investors await inflation news
        5444 30 Bloomberg Business News KUALA LUMPUR Malaysian stocks fell in light trading yesterday as investors waited for further news about inflation, analysts said. The benchmark Kuala Lumpur Composite Index of 85 leading stocks fell 4.0 points, or 0.4 per cent, to 996.11. The
        Bloomberg Business News; Source: Bridge Info  -  5,444 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7368 31 I MAIN BOARD Transaction date: May 30 Ur Gr 1994 Last Vol Day Last Quote Di» Di* Vld Net M C« High Low Com pa n) Sal* ("000) High Low Bayer Seller Or P/fc i "*i' INDUSTRIAL AND COMMERCIAL 1440 865 I Acma 900 cd -10 138 900 000 900
        7,368 words
      • Article, Illustration
        Lock icon Hotels the only winning sector in lethargic market
        1898 32  -  By R Sivanithy SINGAPORE The only buying interest in the stock market yesterday was in the hotel sector. With investors ignoring just about everything else, the Straits Times Industrials Index drifted downwards in thin volume throughout the day, finally ending 18.06 points
        Charts by Bridge Info; Source: Bloomberg  -  1,898 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      292 21 NEWS VALUE How today 's news might affect your stock s Samta making reverse takeover of Apollo (pg I) Positive for Apollo. Likely to spark buying interest as share price is near year's low. STIC plans to buy 50pc stake in logistics management firm (pg I) News not as exciting
      292 words
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      Page 22 Advertisements Column 1
      290 22 Gross Income :Rs ***** million lamgladtoreportthatlTCsresults based industries can significant Foreign Exchange Earnings :Rs 8220 million ,h,s 10 trend. The company made I J-j I will reinforee our position. steady progress in all its Profit Before Tax 34% Profit After Tax up by 33% market and also gained shape to
      290 words
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      Page 23 Advertisements Column 1
      183 23 J*: 4lhu&L LONDON 5.30 AM ROME 7.15 AM '4*' FRANKFURT 7.20 AM .dp s v /r PARIS 9.35 AM QANTAS TAKES A FRESH APPROACH TO EUROPE 24 TIMES A WEEK. When you fly Qantas to Europe, you'll the little extra thought we ve put into our service that have prompted
      183 words
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      Page 24 Advertisements Column 1
      2324 24 Focal Finance Limited I ■I (Incorporated in Singapore) I Focal Finance (A Member of the OCBC Group) I BALANCE SHEET AS AT 31 DECEMBER 1993 I Notes 1993 1992 19W 1992 I ASSITS J LIABILI TIES ANO SHAMHOIDf US' EQUITY I Current awls- Current liabilities C.ish, deposits and bjlaixes with
      2,324 words
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      Page 25 Advertisements Column 1
      2554 25 Mil mm«B ¥5 ps s ja w-t m irss im FAR EASTERN BANK LIMITED AND ITS SUBSIDIARY COMPANIES II I I (INCORPORATED IN THE REPUBLIC OF SINGAPORE) BALANCE SHEETS 31 DECEMBER 1993 The Group The Bank The Group The Bank Note. 1993 1992" ?993 1992 Note. 1993 19* 1992^ 5
      2,554 words
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      Page 27 Advertisements Column 1
      342 27 WESTERN SAMOA long term international companies are the most v9|ii|r|jij[wVM effective solution your offshore company structure. Available at an We also provide offshore effective annual cost r companies from: from as low as US$4OO British Virgin Islands per annum. Bahamas Bermuda Full nominee, C°°k Islands management, secretarial and with and
      342 words
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      Page 27 Advertisements Column 2
      40 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Si Markets Everyday.
      40 words
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      Page 28 Advertisements Column 1
      67 28 TXsingatoki:# r 1 Busmeslimes BusmessTime: Business Times es Busmesslimes wtomm Subscribe now and have your personal copy delivered to your doorstep. \^j Mail or fax this form to: Address: Customer Relations Section Circulation Department Postal Code: Singapore Press Holdings Limited •82 Genting Lane 7 p. Iv 6F n c Occupation*,
      67 words
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      Page 29 Advertisements Column 1
      65 29 HI Every time you spend $50 on your MasterCard M card, your name goes into a lucky draw in which we're giving away three Business class return I tickets for two to the 1994 World Cup Finals* I The lucky draw will be held on June 21, 1994. For more
      65 words
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      Page 31 Advertisements Column 1
      86 31 Every time you spend $50 on your MosterCard cord, your name goes into a lucky draw in which iMMjlljl we're giving away three Business class return tickets for two to the 1994 World Cup Finals* plus $5,000 spending money. HI, p The lucky draw will be held on June 21,
      86 words
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      Page 32 Advertisements Column 1
      787 32 BUSINESS T I TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 THE COMPANIES ACT, CAP. SO CAN NAN ENTERPRISE PTE LTD (M MEMBERS' VOLUNTARY UOU6MION) At an Extraordinary General Meeting of CANNAN ENTERPRISE PTE LTD duty convened and held at Block 261 Waterloo Street «0307, Singapore 0718 on Friday, the 20»i day of
      787 words
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      Page 32 Advertisements Column 2
      442 32 BANK OF COMMUNICATIONS US$lOO,OOO,OOO FLOATING RATE NOTES DUE MAY 1998 In accordance with the provisions of the Notes, notice is hereby given that for the six month interest period from 31 May 1994 to 30 November 1994, the Notes will carry an Interest Rate of 5.55% per annum. The interest
      442 words
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  • Shipping Times
    • Article
      Manila terminal operator goes to court over unpaid fees
      412 33  -  Interiihtional Container Terminal Services also appeals to President Ramos By Alec Almazan SINGAPORE The embattled operator of Manila's only container terminal has taken the Philippine Transport Secretary to court and asked President Fidel Ramos to settle a row in the wake
      412 words
    • Article, Illustration
      Swedish Coast Guard orders 4 Unitor oil bags
      325 33  -  By Dexter Lee SINGAPORE Norwegian ship supply specialist Unitor has clinched a one million Swedish kroner (*****,300) contract from the Swedish Coast Guard for four oil bags. The bags will be fitted to four of five vessels the coast guard uses to
      325 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      825 33 Page Col Accord Group 8 1-3 Ahrcnkiel Liner 4 1/2 •APL 5 3-5 •Appenship 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
      825 words
    • Article
      Lock icon Outcry over Stena Sealink's 20pc cut in Channel fares
      386 33 Lloyd's List LONDON A bitter price row has broken out on the English Channel following Stena Seal ink's decision to abandon a "no discounts" pledge given earlier this year and cut fares to France by 20 per cent. Rival P&O described
      Lloyd's List  -  386 words
    • Article
      Company not criminally liable for actions of every employee
      658 33  -  This is a fortnightly column that highlights important shipping court eases By Ramesh Divyanathan SINGAPORE The High Court in England has ruled that a company is criminallyliable under the Merchant Shipping Act only in regard to the conduct of those representing
      658 words
    • Article
      Lock icon IMO members amend Solas convention
      344 33 Lloyd's List LONDON Member states of the International Maritime Organisation (1MO) have successfully amended the Safety of Life at Sea (Solas) convention after a dispute over the entry into force procedures was resolved. Under an eleventh hour compromise proposal, the Solas conference adopted an amendment
      Lloyd's List  -  344 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        687 34 Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Hong Soon 2 5 94 P04 alongside 30 05, 2300 Batam Banagia 05, 08 94 )2 alongside 31 05, 2300 Kurraa Seiat 02 94 P06 alongside 3105,2300 Batam Indah N121 )1 alongside 31 05/2300
        687 words
      • Article
        CONTAINER SCHEDULES
        1540 34 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Ricord Booking/BjUnce Riits Ship Voy No Etb/Btr Period From To From Ac» S*in 120A 01/1500 2A 30/1/00 31 0659 31/0900 3 31/0700 3I/11S9 31/1400 4 31/IMP 31/1459 31/1700 AH Bhum 138N 01/0300
        1,540 words
    • Article
      THE SHIPPING GUIDE
      14891 42 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 of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      14,891 words
    • Article
      SHIPPING AGENTS
      3323 47 A X m.Bt (ontainerline NV: Belsin Shpg Agencies lie Lid (SVMarinc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Ptc Ltd (S) Ahrenkiel liner Sen ice Kim Shpg Trdg (S). Albatros Sen-Air Sen ice: Frata
      3,323 words
    • Article
      COURIER SERVICES
      282 47 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Lxpress Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airxvvift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-lJnk International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Sen ices
      282 words
    • Article
      AIR FORWARDERS
      1498 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8031 Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,498 words
    • Article
      PORT CONDITIONS
      2483 48 ALBANIA Durres: Two vessels in port of whieh 1 discharging bulk coal, 1 steel, 2 vessels in roads awaiting berths of which I to discharge bagged sugar, I beer/spare parts. ARGENTINA Santa Fe: No vessels berthed; none in roads, max draft 19 ft 8 ins. Diamante: No vessels
      2,483 words
    • Article
      CRUISE & FERRY SCHEDULES
      940 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel LI A L I D Forts of Calls Fort Agent t elephone No MAY 31 31 Club Med 2 0700 I WO Cruise to Nowhere Harpers Shipping 221-1388 31 31 Delfin Star 1100 1930 Port Klang-Sin- Ocean Trade Chartering 299-0366
      940 words
    • Article
      SHIP SALES & TANKER RATES
      1197 48 SHIP SALES TANKER RATES THE PURCHASING interest for dryeargo vessels remains strong and we have evidence of new market highs being achieved for 80s built Panamaz and handysizc tonnage. Tanker activity remains quiet, however procopiou (centrofin) are reported to have purchased the navix controlled Aframax tanker m/v 'Saiko Maru' (*****
      1,197 words
    • Article
      COCKETT BUNKER MARKET REPORT
      908 49 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
      908 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      592 49 Carbon Carbon May 26 Density Water Residue Ash Aluminium Sedment Density Water Residue Ash Akmnum Sedrnnt M/M M/M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M M M PPM method tSO/Cimac tints Spec E25 991 1.0 15.0 0.10 30* 0.10* Eastern USA 180
      592 words
    • Article
      Daily Freights
      1907 49 The Baltic Freight Index for spot dry cargo shipping rates fell to 1,462 on Friday from 1.475 on May 26. The approach of the US holiday Monday and a holiday here combined to dampen activity on the freight market, brokers said. Most charterers remained relaxed about freight rates
      1,907 words
    • Article, Illustration
      Lock icon Harland & Wolff: turnaround yet to come
      1290 50  - Harland Wolff: turnaround yet to come Recent productivity increases at the Belfast shipyard were not enough to pull it out of the red, reports Anthony Poole Anthony Poole Lloyd's List Shipbuilding Repair SHIPBUILDING and repair in Belfast has undergone some fundamental changes since Harland Wolff was privatised in 1989, and
      Lloyd's List Shipbuilding & Repair  -  1,290 words
    • Article
      DAILY FREIGHTS
      1451 50 Hates arc now lower for Panamax ttnnage in the Atlantic as charterers succeed in bringing rates down from both the US Gulf and Brazil, brokers said. The Baltic Freight Index for spot dry cargo shipping rates fell to 1,475 on Thursday from 1,496 on Mai- 25, with the
      1,451 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon China to allow foreign management in rail sector
        318 52 AFP BEIJING China is to open its railways to foreign management, offering preferential investment policies to help the backward sector catch up with the demands of the booming economy, the China Daily said yesterday. Under the new policies being drafted by the
        AFP  -  318 words
      • Article, Illustration
        Lock icon Fighter draws a crowd at Berlin air show
        54 52 Reuter BERLIN Visitors at the International Air Show at Berlin's Schoenefeld Airport examine a German fighter aircraft on Saturday. This is the first day that the International Air Show opens for the public. The show exhibits more than 230 aircraft from all
        Reuter  -  54 words
      • Article
        Lock icon Western Samoan govt backing ailing airline
        250 52 AFP APIA Western Samoa must support its ailing national carrier, Polynesian Airlines, because the country's agricultural exports have collapsed. Prime, Minister Tofilau Eti Alesana said in a report on Saturday. Mr Tofilau told the government newspaper Savali that a major factor in the decision
        AFP  -  250 words
      • Article
        Lock icon France to permit UK flights to Orly from June 13
        494 52 FT ANNECY France has agreed to open Orly airport in Paris to UK airlines from June 13. but is seeking to limit any single airline to four return trips a day between London and Orly. The French government is also
        FT  -  494 words
      • LOG BOOK
        • Article
          SIA's 25th Megatop wings in
          120 52 SINGAPORE Singapore Airlines has taken delivery of its 25th 8747-400 Megatop. The aircraft arrived last Saturday after a 16-hour flight from the Boeing plant in Seattle. SIA has 12 8747-400s and four 8747-400 freighters on firm order to be delivered over the next four years.
          120 words
        • Article
          Revised MRT fares to start tomorrow
          93 52 SINGAPORE In a reminder to the public, Singapore MRT Ltd says its revised MRT fares will come into effect from tomorrow. Under the revised MRT fare structure, a 10-cent fare increase will be implemented for 28 per cent of passenger trips while 72 per
          93 words
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          Lock icon Japanese vehicle exports down 16.2 pc
          85 52 Bloomberg Business News TOKYO Japan exported 367,230 passenger cars, buses and trucks in April, a fall of 16.2 per cent from the same period last year, the Japan Automobile Manufacturers Association said yesterday. That's the 13th straight monthly decline. Exports are falling as Japanese
          Bloomberg Business News  -  85 words
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          Lock icon Dasa opens Gulf office
          118 52 Reuter ABU DHABI Germany's loss-incurring Deutsche Aerospace AG (Dasa) group opened a sales office for the Gulf region on Sunday as part of a strategy to increase its presence in the Middle East market. Juergen Schrempp, management board chairman of the aerospace and defence subsidiary of
          Reuter  -  118 words
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          Lock icon Air NZ adds to Los Angeles service
          66 52 Reuter WELLINGTON Air New Zealand Ltd said it planned to increase capacity on its long-haul Pacific routes by introducing daily, non-stop Boeing 747 services between New Zealand and Los Angeles from July 3. The non-stop service was in response to current demand on
          Reuter  -  66 words
      • Article
        Lock icon NZ ferry workers barred over labour row
        467 52 Bloomberg Business News WELLINGTON New Zealand Rail Ltd says it is issuing notices to its ferry workers that they will be barred from coming to work, effective June 27, until maritime unions agree to new work provisions. The lockout notices, which by law
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      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1401 52 ci& n» ra raiirt etb_ Abu Dhabi GA893 1835 GA984 2340 GA974 2350 Adelaide QF81 1925 QF82 2055 SQ228 2120 Amsterdam KL831 0935 KL844 0035 GA893 1835 KL838 2300 GA974 2350 SQ26 2355 Athens SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain
        1,401 words
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        Lock icon Heathrow jammed as Britons go abroad
        227 52 Reuter LONDON The world's busiest international airport, London's Heathrow, was battling to cope with an expected record numbers of passengers on Saturday as holiday makers fled wet spring weather, airport officials said. Police were called in to control the crowds and at one point
        Reuter  -  227 words
      • Article
        Lock icon Rolls Royce studies Pakistan's investment potential
        180 52 Reuter ISLAMABAD Officials of Britain's Rolls Royce pic have met Pakistani government officials to explore possibilities of investment in Pakistan's power sector, a company official said on Sunday. Alan Nickalls, marketing director of the Industrial Power Group of the Rolls Royce pic, said his
        Reuter  -  180 words
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      23 33 LAW PAGE Every Thursday in Business Times Improvements at Harland Wolff, Pg 18 China to allow foreign management in rail sector, Back page
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      27 33 111 Lines and services represented by, Members ef the Registry of Accredited [fff/jMl*] Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel /40-2089/740-2090
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      37 33 T M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 I Hid! STAKES I Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE f Business Times WE KNOW ASIA
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      408 34 111 11 I TSKUNE AGENCIES (8) PTC. LTD. /mhA rI 1 C |Z f |mTTI 226-3363 i Fax: 226-1972/3 r i|| 11 i "7 ti». Pc *****/TSKSIN TOKYO SENPAKU KAISHA, LTD. cr n. i .bmtmooon i WW* TfVTJ! w ■<* I C. PEGASUS 22 01.06 05/06 j ACX LOTUS 0528
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      1473 34 PIWiCT TO Oil WIT ftp ATT OCX-—Oft« CAL»OR»iA I i TO lUT MmTMUIAMmt f*Jtl COfHTfymn imfflMl jtm IS* Li fIM 10 Ml Ml pan I CALIFORNIA PEGASUS V 22 124 IK 201 ?2« 2)1 216 21 1 22 6 22 1 24 6 I I I«* I CALIFORNIA *JfITW *71
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      2335 35 rn m OOCL (3) PTE LTD JAROINE SHIPPING AGENCIES JAROINE SHIPPING AGENCIES SON. BHD. TEL: *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARO) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL: *****80 *****81/ *****82 ,POH TEL: *****3/4 FAX: *****6 CUSTOMER SVC TEL:
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      2269 35 mammmm WEST AFRICA LADBY MS. V.9406 ETA SIN 6TH JUNE 1994 EDINBURGH MS. V.9408 ETA SIN 6TH JUNE 1994 Vessel Voy ETA ETO Feedered by I— 1 sL t r destinations tns week MATMH.OC maersk v»«06 06 06 0800 MBS CFS —05 06 2359 MRS JOM LPK PEN OAK LGB
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      824 36 AOABA I R OAM/1 LE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JFDDAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA _2VJ2I_ _18/6 21/6_ POft Kotang, Pflnan^ KITANO 25/321 4/6 13/6 20/6 22/6 25/6 27/6 29/6 Pasir Gudang KAMAKLRA 34/122 8/6 25/6 28/6 26/6 EAST MALAYSIA ELBE 22/322
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      734 36 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundt, Islamqata (Doqharun) C.1.5./RUSSIA: Vootochny, Vladivostok. Moscow. I Baku, Tathkent, Irkutsk, Alma Ata, Ashgsbad. Dushanbe. Kiav N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN OKR Ned America V.2174 08/6 09/7 CGM Korrigan V.2184
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      1154 36 I NORASIA" NORASIA SMGA 9421 J 01/06 22/06 25/06 26/06 27/06 28/06 29/06 30/06 01/07 01/07* I NORASIA SHARIAH 9422 J 08/06 30/06 01/07 02/07 03/07 04/07 05/07 06/07 07/07 07/07* I NOR ASIA MUBARAK 9423 4 15/06 07/07 01/07 09/07 10/07 11/07 12/07 13/07 14/07 14/07' I NORASIA Al-MANSOORAH
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      1456 37 F* STRAITS SHIPPING PTE LTD Mfglt 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 M j fim tl A rfllg?J :U! Mdil rMMU ?>:JI si fJIIJ N NEW GUINEA PACIFIC LINE £jV<£2B (A SERVICE OF CHINA NAVIGATION CO) CARGO DOt SAttS *25 Sk,n ,a 31
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      3137 37 SINGAPORE AGENT: ■■kU PXtII I p&0 Container# (Singapore Agencies) Pte Ltd M 431\. w VjlillLCllllvX 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 www -W Tel 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 P»- >\ CR Number: **********0Z EXPORT IMPORT VESSEL VO* 'PMC 'PNG SIN
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      8 37 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
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      35 37 VESSEL ETA ETD DESTINATION SONG TIEN 01 M/OS 2S/0S HO CM IMNM NHUT TAO M/OS 31/05 HO CHI MINH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: R*****1 VtETHK
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      506 38 4f|V EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI M4MH CITY PAQER HANDPHONE/DIRECT HtHflY not *****24 727MM/M***** KikYIN CHAN 21KH21 *****22/******3 MAHW 21*0*25 *****722 TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE mCENTER-POINT WD 7 LINES VOY tTA STOW YOY IT» HCMC «nw 1111 SL4J liZl_ JLB6
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      1723 38 H ANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FOR VSI SIN I LINE HAUL SEA TV* POX TDK VSI SM lui HAUL SAV R.M NYC HANJM LONGBEACH 048E 3/6 MtECT 23/6 24/6 25/6 HANIIN LONGBEACH 048E 3/6 H. KEELUNG 048E 7/7 1/7 10/7
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      1460 38 -J.T jTraTTji^ I w »r i» mk lit w o» ki w ito uu as it nc w m w nr ik ra u I E CilU K OS? 30/5 l/» 1/t 9/6 11/6 14/1 15/1 l</< 17/6 It i 19/ C 30/1 13/7 IV? 16/7 »/7 17/7 21/7 79/7
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      2585 39 II SCX: 'CALIFORNIA PEGASUS 22E' ETA SGP 01/06/94 II II Pfjll; II ARRIVING LOS ANGELES 18/06/94 IN 16 DAYS HI II AEX; NEPTUNE DIAMOND 20E' ETA SGP 01/06/94 II H ARRIVING NEW YORK 25/06/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC —US GULF MIDWEST
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      1263 39 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 y±ZZ\ BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 jfcv /A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE 'NSURANCE: *****8/ INVENTORY: *****59 AGENTS:
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      1546 40 44 i_i ft AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0M/GST REG NO: M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 T MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD I U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA
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      784 40 @APPENSHIP /2\ j HAMBURG v7v CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE/LOAM* FOR NOVIGRAD ANTW 20/05 SPORE 17/06 ECUAOOR BIL 22/05 SPORE 29/06 i KOALA CONTAINER LINE W I SPORE FIX HAM RTM LEH J BALANDRA 4606 03/06 27/06 28/06
      784 words
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      Page 40 Advertisements Column 3
      365 40 GOLDEN LINE LftN GUAN GUAM SHIPPING \U\X\ (PTE) LTD 1 23. Tetok Apr Strut SMGAPOK (104 IE: 5343M1 (10 IMS) fm: *****04 (C* No loimsooom)) 9TRAIT9/PER9IAN CULT IMTICE S pore P Ketang Penang GOIDIN KM karactH Dubai Kuoait 1/10 km GOiWh HAAWST Karachi Dubai Kuwait 22/24 km CHINA 9EKVICE GOIDIN
      365 words
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      960 41 f PACIFIC INTERNATIONAL LINES (PTE) LTD^ I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. J t mJi i; i>7i ;i 4*yT^^^jaTTWWwiT3l^!il3T?slH3iWw^^BßHßß VOY SIN CMS JIB JED AQJ AOE HOO PZU ASA £°I* 255* AT BKTOII 8/6 13/8 20/6 25/6 27/6 21/6 2/7 5/7 521- *j BAWA N WRNO43 19/6
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      994 41 vtsstis wor sin u mm Hamburg thoks roiie roam Awtwtßf WUE DC VtGA GO3W 01/(X 02/07 04/07 05/07 OC/07 0«/07 Wit DC Vtt* VO3W 14/06 06/07 01/07 09/07 10/07 12/07 VIUE DC TITANA TO4W 21(* 13/07 15/07 U/07 17/07 19/07 VHIE DC TUCANA UO4W 20/97 22/07 23/07 24/07 26/07 •AISO
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      562 41 I BSA iiT MYANMA jBßk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf MERGUI VI23W SM PAGAN V2OIW In Port HP* AN V2O2W 06/0$ lun MALAYSIA AGENTS BOUSTCAD SHtftlNG AGENCIES KU. TIL 03-*****00 PHI: TEL 03 *****67 PEN: Ta 04 *****5 PGD: TEL 07-*****1
      562 words
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      984 44 ]^\=<&}~"}+_:(">=!&^.[@&,!$>?&} DIRECT BREAKBULK/CONTAINER SERVICE TO MANILA MV. "OCEANIA EXPRESS" VOY 96 ETA 14-6-94 (HEAVY LIFT AVAILABLE UP TO 50 TOWS) smgapooe SEAWAY SHIPPING PTE. LTD. (GENERAL AGENT) NATWEST CENTRE *1503. SPORE 0106 TEL *****33 FAX *****53 TLX R*****8 HjMj PORT KELANG GU.FSHP AGENCK SON MC TEL 03 *****70/1 FAX 03
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      Page 44 Advertisements Column 2
      175 44 /Snorbuu^ I NORBULK CARGO SERVICES LTD. 1. I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES WORLD AGAMEMNON 10/6 15/6 RDM ANT/UK I NORBULK TBN 28/6 30/6 FLU/ROAM/ANT/UK I ISP PK LOADING FOR J NORBULK TBN 28/6 30/6 DBN/CPT/EL I ALSO LOAOS TAWAU. KK. TG MANI I PK SWK/SABAH LOADING FOR
      175 words
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      736 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 5/6 ROTTERDAM 5/6 AARHUS/COPENHAGEN 576 HAMBURG/BREMEN 1/6 MARSEILLE/FRANCE 2/6 FELIXSTOWE/UK 5/6 BARCELONA/SPAIN 676 LEHAVRE/FRANCE 1/6 GENOA/ITALY 376 ANTWERP/BELGIUM 6/6 LOS ANGELES/WC/IPI 5/6 SYDNEY/MELBOURNE 4/6 NEW YORK/EC 276 FREMANTLE/ADELAIDE 3/6 VANCOUVER 276 BRISBANE 1/6
      736 words
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      1061 45 1 1 !^^—P^znza——iM M <$ t KL vessel voy sin pen 1" 1 i WUM 2308 Tua _ln_Pt WB<] 4/6_ AKA 13M/S Tua lln PI Thu I 2/6 VESSEL VOY Sm BKK I SWA BHUM 53S Fri 3/8 Tua 7/« p gJA pHUM XETHA BHUM 80N Tu« In Pt Fri
      1,061 words
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      Page 45 Advertisements Column 3
      294 45 W TEL: *****33 (12 Lines) K FAX: *****15/*****03 HI TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES Y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmhl Voy ETA Loading Fee Spore Abbay Won* 40 WB 21/07 Daressataam. Mombasa. Dpbouti Aasab. Massawa Netsanat 35W8 21/08 Daressalaam.
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      600 45 ITpjjp) Polnt-to-Polnt Regional Pt> Ltd" TEL: *****55 FAX: *****94 CR NO: **********0 C Guaranteed Sailing* to: BANGKOK/LAEM CHABANG/lAOS EVERY WED I SAT MAMLA/CEBU EVERY MS PORT KELANG/PENANG EVERY MONt FRI HO CHI MNH EVERY FRI HONG KONG EVERY FRI JAKARTA EVERY SAT BUSAN EVERY SUN SURABAYA EVERY SUN Other Porto:
      600 words
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      1635 46 CONTAINER LINES, INC I MAC-NILS SPORE: *****22 (24 LINES) V X 'cm m, IWW7WBW SIBU (064) *****& KUCHINQ (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 .> P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOfI/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 31/5
      1,635 words
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      174 46 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA EM ll* SPOtt POUT KELMK PINANC BIUE IMX U 6 loading toe Male RUVM HUOMU 70 6 loading tor Colombo DOIPHN 18 6 loading Fot Mate PIOKER SUPREME lb 6 Loading fof Male UMMEEON 6 6 Loading Fot Mate PROGRESS IBERIt
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      1177 46 f JL THONG SOON UNES PTE LTD I /\y\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \y Vy TEL: 227-5088 FAX: 227-6011 I I RX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL VOY STORE [PEST EQUATOR ROYAL 104/4E 02
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      484 50 VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 9421N 03/06 (FRI) 08/06 (WED) PERVOMAYSK 9403N 07/06 (TUE) 11/06 (SAT) TWO SAVINGS WEEKLY LANKA MAHAPOLA 9401N 10/06 (FRI) 15/06 (WED) FR r ANO TUESOAY VIGOUR PACIFIC 9422N 14 _06 iTUE j SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I GENERAL SANTOS DAVAO
      484 words
  • Page 50 Miscellaneous
    • Miscellaneous
      Page 50 Miscellaneous Column 1
      688 50 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 1 9 2.4 2.1 2.9 2.1 2.5 2.0 1.4 1.0 0.7 0.6 0.6 OS i.2 1.7 2.0 2.2 22
      688 words
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      1007 51 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PCD* VESSELS VOY I SIW RTM AWT* LEH* HAW BREt FEl~~| 01/06 03/06 04/06 NOR FRIBOURG 31 IN 06/06 24/06 25/06 26/06 25/06 25/06 28/06 OS/06 10/06 11/06 H. CHALLENGER 310* 13/06 01/07 03/07 4/07 03/07
      1,007 words
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      483 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VfSSU W V n KK KB CHAMPION TBAMB 117 JB/S SO4HM R7 S/B J/B lIU KIM m 4/1 MOM m 11/ l COSMIC I not I Ml l/l cosmic ouumcu m i;/i OUTBOUND VESSELS LOAPIMC FOR MON6LA/CHITTAGOWC CHAMPION TRADER
      483 words
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      Page 51 Advertisements Column 3
      1035 51 VESSEL WT SIN ETA/P LAX OAK CM DAL MEM/COL HOU NYC NOR lENRY HUOSON BROGE 75A 02/86 18/06 21/06 22/06 23/08 23/06 24/06 24/06 25/06 ALLIGATOR VICTORY 53A 08/06 26/06 28/06 28/06 30/06 30/06 01/07 07/87 82/87 MACKINAC BROGE 77A 16/06 03/07 05/07 06/07 07/07 07/87 88/87 88/07 08/87 ALLIGATOR
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  • Banking, Finance & insurance '94
    • Article, Illustration
      Financing Asia
      474 53  -  A special BT supplement By Quak Hiang Whai WE ALL KNOW that Asia is now the world's most dynamic region and home to the next economic superpower. After decades of ideological struggles and bloodshed, Asian nations have chosen to close the century by trading their old policies for
      474 words
    • Article, Illustration
      Asia, here we come
      1446 54  -  Peter Seali. chairman of Association of Banks in Singapore, tells Quak Hiang VVhai about the challenges faced by local banks expanding overseas Quak Hiang VVhai The writer is a BT journalist THERI; will be greater opportunities for cooperation among local hanks, especially in mega projects such
      1,446 words
    • Article, Illustration
      Stock Exchange of S'pore rises to the challenge
      1087 55  -  Improvements to the trading and settlement infrastructure are paying off, says Lim Choo Peng Lim Choo Peng The writer is president of Stock Exchange of Singapore LAST YEAR was a most eventful year for the stockbroking industry when the government's national shareownership
      1,087 words
    • Article, Illustration
      Cleaning up Asia's banking systems
      1718 56  -  Major economies in the region are giving their banking systems a second look and restructuring them. Vikram Khanna studies the changes Vikram Khanna The writer is Bis regional economics editor AFTER more than a decade of opening up their banking systems, a number of major
      1,718 words
    • Article, Illustration
      The financial drive behind Asia's power industry
      1539 58  -  Simon Goodfellow examines the prospects of more power funds being launched in Asia in the near future. He also looks at how infrastructure planning and financing may affect equity investment in power stocks Simon Goodfellow The writer is a global infrastructure analyst with
      1,539 words
    • Article, Illustration
      More can be done in Asia
      1032 59  -  Andrew Smith calls for greater globalisation of merchant banks in the region Andrew Smith The writer is joint chairman of the Standard Chartered Asia Pacific Merchant Bank Group EACH participant has its own definition of merchant banking (or investment banking if you prefer); but
      1,032 words
    • Article, Illustration
      A viable investment alternative
      882 60  -  With over US$ 1 trillion in regional infrastructure projects planned for the next decade. Asian bonds look attractive. Timothy R Sullivan writes Timothy R Sullivan The writer is the senior portfolio manager of Citibank Global Asset Management THE equity market is always the first area to
      882 words
    • Article, Illustration
      Another year of the dragon
      668 60  -  Quak Hiang Whai expects more Asian issuers to tap the market Quak Hiang Whai The writer is a BT journalist THE idea came up some three years ago from former Asian Development Bank (ADB) treasurer Tomoo Hayakawa at a time when the supranational agency was
      668 words
    • Article, Illustration
      Where the money will go
      1212 61  -  Jim H Y Wong on how Hongkong's infrastructure is keeping up with rapid growth in the colony Jim H Y Wong The writer is an economic adviser to Hongkongßank s economic research department The success of Hongkong's economy over the past three decades has thrived
      1,212 words
    • Article, Illustration
      Chinese banks go global
      1575 63  -  Reforms have freed China's four major banks to become commercial institutions. Teh Hooi Ling reports Teh Hooi Ling The writer is a BT journalist ONE of China's specialised banks, the Bank of China, whose role had been to handle the country's foreign exchange and trade financing,
      1,575 words
    • Article, Illustration
      Counting on foreign investments
      1350 66  -  China's push towards a market-oriented economy continues unabated. With it comes the thirst for overseas finance and equity to fund and accelerate economic development, writes Max Loh Max Loh The writer is a manager with an international accounting firm SINCE 1979, when Deng Xiaoping initiated China's
      1,350 words
    • Article
      The engines of development
      1329 66  -  China has proved that in transforming economic systems, it is the inter-relationship between reform, development and stability which must be carefully handled, says Zhou Zhengqing Zhou Zhengqing OVER the past year, global economic growth was rather slow. However, against this background of unfavourable international economic development,
      1,329 words
    • Article, Illustration
      Opening up the floodgates
      887 67  -  India's banking sector is finally in for a massive upgrade, reports Shiv Taneja Shiv Taneja the writer is a HI journalist FOR THE past two and a half years, financial sector deregulation in India affected only foreign investment in the country's stock market, and Indian companies
      887 words
    • Article
      Private banks — present tops
      265 67 Private banks present tops IT MAY NOT be common knowledge, but there exists a small banking sector between the Indian public-sec-tor banks, and the foreign banks, and over the years this sector has grown considerably in size. Called scheduled privatesector banks, they numbered 23 at the end of 1992-93, with
      265 words
    • Article
      Private banks — future shock
      257 67 Private banks future shock ON April 2, when the rest of the Indian financial sector was closed to tot up their books for the financial year-end, one bank the UTI Bank opened its doors for business. Fully automated, and with swank marble and granite interiors, UTI has a registered office
      257 words
    • Article, Illustration
      The healing continues
      1269 68  -  For the ailing Japanese economy to fully recover, banks have to undergo balance-sheet repair. Cameron Umetsu reports Cameron Umetsu I'he writer is a senior analyst with MMS International in Tokyo Healing the ailing Japanese economy will be a long process fraught with risks. For a full recovery
      1,269 words
    • Article, Illustration
      Lock icon Troubled banks' prospects begin to brighten
      1001 68  -  Japanese banks are finally starting to clean up troubled loans. Larry Holyoke reports Larry Holyoke SAKURA Bank Ltd may have the weakest balancc sheet of any of Japan's troubled big banks. Its nonperforming loans equal about six years' worth of core profits, says James
      Source: Morgan Stanley & Co  -  1,001 words
    • Article, Illustration
      Manila lays foundations for infrastructure boom
      653 69  -  Law-makers have moved quickly to allow more private financing, writes A 1 Labita, but passage of a new banking law is proving arduous Al Labita Ihe writer is ti l 's Manila correspondent WHEN construction tycoon Gordon Wu was asked recently how he financed
      653 words
    • Article, Illustration
      Philippine banks brace for competition, but will it come?
      984 69 TO MANILA bankers, the countdown to an end soon of their virtual monopoly on the banking industry has begun. After months of heated debate, law-makers are poised to pass a common bill allowing the entry of more foreign banks to foster
      984 words
    • Article, Illustration
      Improving Thailand's investment climate
      1257 70  -  Thailand embarks on a programme to improve its infrastructure. Alan Boyd discusses the problems the projects face in seeking financing and getting off the ground Alan Boyd Ihe writer is a Bangkok-based freelance writer. TIGHT liquidity and political uncertainty are clouding development projects in Thailand, as
      1,257 words
    • Article, Illustration
      Malaysia powers ahead with mega-project push
      1017 71  -  To meet its developed nation status target by 2020, Malaysia is building up its infrastructure and is financing this with an aggressive privatisation programme, writes Ho Kay Tat Ho Kay Tat The writer is BT's Kuala Lumpur correspondent MALAYSIA is a country in a
      1,017 words
    • Article, Illustration
      Commercial banks show strength, adaptability
      457 71 IN MALAYSIA, commercial banks constitute the largest and most important group of all financial institutions. They were among the earliest banks opened in the country, the first being the Penang branch of The Chartered Bank set up in 1975. In the early days these banks,
      457 words
    • Article, Illustration
      Lock icon Building on solid ground
      1398 72  -  Malaysia's Ms6l-billion infrastructure programme is underway. While that's good news for road builders and construction companies, will it be as promising for investors? Amy Balan reports Amy Balan IN OCTOBER 1992, a little known zinc oxide maker named Metacorp was trading at under MS2. Three months
      Source: GK Goh Research  -  1,398 words
    • Article, Illustration
      Positive signs on the horizon
      1120 73  -  Maggie Ford on why the outlook for the Indonesian banking sector is more optimistic than the recent Standard and Poor's rating suggests Maggie Ford The writer is Bl's Jakarta correspondent CLOSE observers of Indonesia's banking scene would find it hard to agree with the executives
      1,120 words
    • Article, Illustration
      Jakarta acts to improve performance of state banks
      634 73  -  The lending spree that resulted from the 1988 deregulation has contributed to problems facing the Indonesian banking industry, reports Soh Tiang Keng Soh Tiang Keng The writer is a BT journalist INDONESIA will take steps to boost the performance of its state-owned
      634 words
    • Article, Illustration
      Risk guarantors come to town
      1047 74  -  Allowing foreign banks to stand guarantee for loans is a shot in the arm for Vietnam's banking industry, reports Harish Mehta Harish Mehta THE DAY of the risk guarantor has dawned in Vietnam but they are a cautious breed in an environment clouded by uncertainties
      1,047 words
    • Article, Illustration
      Is Vietnam overbanked?
      308 74 SOMl£ say Vietnam has become overbanked. Others say it has not. There are eight foreign banks operating in the country, four of whom are French banks (Banquc Indosue/., Credit Lyonnais, Banquc Krancaise du Commerce tfxtcricur. and Banquc Nationalc de Paris), while the others arc ANZ. Taiwan's Cathay
      308 words
    • Article, Illustration
      Two's company, three's a crowd
      1211 75  -  Peter Osborne assesses the impact of the flood of new banks in Taiwan. In the accompanying article, he discusses regulators' clash over the pace of financial reform. Peter Osborne THE aftershock of so many new private banks opening for business after 1992 continues to colour
      1,211 words
    • Article
      Some say slow, some say no
      1365 75 *A RUSH of applications since the anU. nouncement in March by Taiwan's Central Bank of China to raise the citing on foreign investment in the local stjck market has created tension between the island's regulatory authorities on the p*ce and direction of reform of
      1,365 words
    • Article, Illustration
      S Korea heading towards greater financial openness
      1093 76  -  Bangsung Oum examines Korea's efforts to liberalise its economy further Bangsung Oum The writer is the counsellor to South Korea's Minister oj finance SINCIi the early 1980s. Korea has made much effort towards financial liberalisation. Ihe country believed increased financial liberalisation was essential
      1,093 words
    • Article, Illustration
      Simex: A decade of excellent growth
      1446 77  -  Singapore's monetary exchange. 10 years old this year, has lots of reasons to celebrate, writes Foo Chik Lin Foo Chik Lin Ihe writer is vice-president, public affairs, of Simex SIMEX celebrates its tenth anniversary this year amid robust growth in its trading volume and
      1,446 words
    • Article, Illustration
      Looking to the futures
      632 78 How the region's futures and options markets have metamorphosed into sophistieated financial arenas THE WORLD is definitely getting smaller Political, economic and social trends have begun to criss-cross the globe unhindered by national borders and cultural frontiers. In the financial arena, impressive technological innovations in computers
      632 words
    • Article
      Protecting your investment funds
      231 78 AS THE economies and markets in the Pacific Rim expand, corporations and individuals alike will look to actively participate in financial futures markets either to hedge or speculate. There are several considerations which you as an investor and more importantly, a speculator should follow to ensure
      231 words
    • Article, Illustration
      The evolution of Asia's financial services
      1595 79  -  As globalisation becomes more sophisticated, the Asian banking industry adapts to the changes. Lim Hock Kheng tracks the developments Lim Hock Kheng The writer is a director of Ernst Young Corporate Advisory Services Pie lAd ONE OK THE first banking institutions to acquire an
      1,595 words
    • Article, Illustration
      Bangkok offshore banking facility draws them in
      653 80  -  Kooi Cho Teng reports that despite some hurdles, bankers operating BIBF offices are generally pleased with the potential for offshore banking Kooi Cho Teng The writer is Singapore correspondent with the Basis Point, a magazine that covers the capital markets. SINCE the inception
      653 words
    • Article, Illustration
      Lock icon Singapore dominates regional banking amid stiff competition
      599 80 It is easier to attract skilled staff and syndicate loans in Singapore compared to its regional counterparts, thanks to the presence of numerous banks The Economist SINGAPORE jealously guards its reputation as the gateway to South-east Asia. When it comes to stockmarkets or
      The Economist  -  599 words
    • Article, Illustration
      Nothing ventured, nothing gained
      711 81 Entrepreneurs can always look to venture capitalists to help finance their firms' expansion ASIAN entrepreneurs facing difficulties obtaining funds through traditional avenues such as banks and stock markets are increasingly looking to venture capital as an alternative form of corporate finance. Statistics from the Asian Venture
      711 words
    • Article, Illustration
      Asian leasing: the market's wide open
      1290 82  -  The rapid expansion of Asia's economies augurs well for the leasing business in the region, says Tjiptono Darmadji Tjiptono Darmadji The writer is chairman of Daiwa Lippo Leasing Group and a pa st president of the Asian Leasing Association The volume of global leasing
      1,290 words
    • Article, Illustration
      The Asian factor in international trade
      1416 83  -  The combined business of Asian members of a factoring chain more than doubled to U5535.43b between 1989 and 1994. Quak Hiang Whai traces the increasing popularity of this form of financing Quak Hiang Whai IN ITS maiden annual report as a listed company, International
      1,416 words
    • Article, Illustration
      Lock icon Need capital? Think of ADRs and GDRs
      802 84  -  Paul Leo examines the phenomenal growth in the depositary receipt business as foreign companies seek capital in the United States Paul Leo ASIAN companies are increasingly tapping the international markets for capital through depositary receipts. In 1993, a record USSII billion (SSI 7
      Source: Bank of New York  -  802 words
    • Article
      What is an American Depositary Receipt?
      453 84 According to the Nasdaq Stock Market ADR Handbook, an ADR is a receipt or certificate issued by a US bank, representing title to a specified number of non-US shares deposited in a custodian bank in the corporation's country of domicile. Since an ADR is
      453 words
    • Article, Illustration
      Asia's agribusiness systems promise rich rewards
      1017 86  -  The phenomenal economic growth of Asia has had a profound effect on agriculture and food and agri-business in the region, although in different ways. Niek Streefkerk reports Niek Streefkerk The writer is head of agri-project finance team of Rabobank Asia IN COUNTRIES such as
      1,017 words
    • Article, Illustration
      Lock icon ADB tightens its purse strings
      568 86  -  The agriculture sector in Asia has seen a drop in the number and value of loans from the Asian Development Bank. Quak Hiang Whai reports on the bank's changing policies and their outcome. Quak Hiang Whai •I he writer is a BI journalist ASIA's agriculture
      Source: ADB Annual Report  -  568 words
    • Article, Illustration
      Hedging your bets in today's volatile market
      1033 87  -  Investing your money profitably is an acquired skill what to buy. when to buy and what level of risks to accept. Juerg Kiener gives some tips Juerg Kiener The writer is head of portfolio management at Credit Suisse Singapore IF YOU are not
      1,033 words
    • Article, Illustration
      Lock icon Derivatives market booming
      1323 88  -  A new range of financial instruments has become available in recent years. R Sivanithy explains why they have taken off despite warnings of risks R Sivanithy The writer is a B'T journalist FOR anyone with even the most peripheral involvement in the field of finance it has
      Source: Euromoney  -  1,323 words
    • Article, Illustration
      Asia offers vast untapped potential
      892 89  -  Rana G S Talwar outlines the opportunities that exist in the first, second and third-tier countries Rana G S Talwar The writer is Citibank v executive vice-president for Asia Pacific arul the Middle East (global consumer thinking group) CONSUMER banking is currently the fastest growing
      892 words
    • Article, Illustration
      Lock icon Export credit taking off
      1622 90  -  More Asian carriers are tapping this market to finance new deliveries. Chris McAllum examines its growing dominance Chris McAllum International Financing Review EXPORT credit financing of new aircraft has drastically increased in market share over the last two years. The list of major Asian carriers which
      International Financing Review  -  1,622 words
    • Article, Illustration
      Exciting opportunities in Chinese market
      1003 90  -  Thomas Gallagher and William Pank on why China looks attractive to aircraft financiers Thomas Gallagher and William Pank Mr Gallagher is senior vice-president and group executive of global aerospace group at Chase Manhattan Bank. Mr Pank is tec hnical director for aerospace at Chase Manhattan
      1,003 words
    • Article, Illustration
      Whither regional bourses?
      1084 91  -  Juerg Kiener predicts that privatisation and positive growth factors will drive regional markets Juerg Kiener The writer is head of portfolio management at Credit Suisse Singapore. LAST YEAR witnessed extraordinary' price rises on the Asian stock markets, partly because of the "discovery" of the region, at last,
      1,084 words
    • Article, Illustration
      Future is rosy for cashless means of payment
      1097 92  -  Timothy Malloy traces the evolution of credit cards and looks into factors that make its rapid growth in the region possible Timothy Malloy The writer is general manager of South-east Asia for Visa International. WALK into any department store in most Asian
      1,097 words
    • Article, Illustration
      Lock icon Welcome to the world of financial information
      594 93  -  Data providers, data users and the infrastructure in between Christian O Lienert on the importance of matching them Christian O Lienert The writer is a manager at Datastream International, Singapore THERE are three categories of financial information market data, company accounts, and economics.
      Source Datastream  -  594 words
    • Article, Illustration
      Info highway the road to success
      826 94  -  Finance houses must know how to best utilise key technologies to stay ahead of competitors, writes Joseph Rajendren Joseph Rajendren The writer is a B journalist FINANCIAL institutions need to recognise and familiarise themselves with leading-edge technologies to stay ahead. The move will make
      826 words
    • Article
      New technology enables computers to assess risk
      1152 94  -  Matthew Colebourne looks at Neural Networks, a technology likely to be widely adopted by the financial sector for its forecasting abilities Matthew Colebourne /he writer is business development manager of Integral Solutions Ltd (UK) CAN you predict the future Can you get computers
      1,152 words
    • Article, Illustration
      A burger for forex dealers to chew on
      1056 97 In Big Mac terms, the Chinese yuan is the most undervalued currency and the Swiss franc the most overvalued Rumours in the foreign-exchange markets that The Economist has shorted the Big Mac, ahead of plans to replace its Big Mac currency unit
      1,056 words
    • Article, Illustration
      Lock icon Still counting the damage of a punctured bubble
      989 97 Unless Japan's property prices recover, the yen is expected to remain strong The Economist After months of talking up the yen in the hope of curbing Japan's vast trade surplus, America seems to have had second thoughts. On April 29, the Federal
      The Economist; Source: Richard A Werner  -  989 words
    • Article, Illustration
      Lock icon Taking on the greenback
      1226 98  -  Andy Tan predicts the performances of the Singapore and Malaysian currencies Andy Tan The writer is an economist with MMS International, a firm providing financial analysis services to institutions TRUE TO market expectations, the Singapore dollar had gone on an unrelenting ascent against the US dollar,
      Source: Teletrac  -  1,226 words
    • Article
      A peek at the past, present and future
      485 98 THAILAND: Rising interest rates STRONG growth continues. Fourth-quarter gross domestic product showed a strong surge in exports and it now looks likely that export growth in 1994 will exceed last year's 13 per cent. Strong domestic demand, partly reflecting the wealth from
      485 words
    • Article, Illustration
      Where is the money really being made?
      1322 99  -  Knowing where the profits are coming from will help hanks to build on their success, says Paul Maddox Paul Maddox The writer is director of financial institutions consulting at Coopers Lvbrand Consultants Pte Ltd LOCAL and foreign banks are riding on a wave
      1,322 words
    • Article
      Some tax developments in Asia
      1297 99 SINGAPORK taxation of foreign exchange profits and losses for banks OVER the past couple of years, the Singapore Inland Revenue Authority (IRAS) has been querying banks in relation to the treatment of foreign exchange gains and losses and discounts and premiums. The IRAS was asking
      1,297 words
    • Article, Illustration
      How to fund that overseas venture
      1070 100  -  It would be a pity to let an opportunity pass for lack of funds, says Kan Yut Keong Kan Yut Keong The writer is the director of an international accounting firm TWO KEY difficulties have surfaced in local businesses' drive to invest overseas in
      1,070 words
    • Article, Illustration
      Building up a nice nest egg
      805 101  -  Singaporeans are waking up to the benefits of saving for retirement through life insurance products. Tan Suee Cnieh talks about how the industry has reacted to this trend Tan Suee Chieh The writer is the chief executive officer, Prudential Assurance Company Singapore ONE in
      805 words
    • Article, Illustration
      Life insurance companies going for IT
      1069 102  -  Information technology is not only helping insurance firms to cut administration costs, it is also lifting the quality of customer service to new heights, says A J Pathmarajah A J Pathmarajah The writer is managing director of Great Eastern Life Assurance AT A TIME
      1,069 words
    • Article, Illustration
      Lock icon Keeping healthy — but not at all cost
      1054 103  - Keeping healthy but not at all cost Agnes Choy and Geoff Baars examine US-styled managed healthcare programmes and the prospects for implementing them in Asia Agnes Choy and Geoff Baars AS healthcare costs increase worldwide at seemingly uncontrollable rates, governments, health insurers and employers have accelerated the search for solutions
      Source Asia Insurance Review  -  1,054 words
    • Article
      Healthcare costs: a new headache for Asia?
      725 103 Healthcare costs in Asia have not yet reached US levels in absolute terms. But the rates of increase in healthcare inflation in countries such as Hongkong. Malaysia. Thailand and Singapore indicate that there is no cause for complacency. Indeed, economic growth and improvement
      725 words
    • Article, Illustration
      Seeking cover? Consult your insurance broker first
      1238 104  -  Tony Seah explains the role of the insurance broker and how you can make use of his expertise without having to pay extra Tony Seah The writer is the managing director of Nelson Hurst Insurance Brokers (Singaporej Many of you know who an
      1,238 words
    • Article, Illustration
      Insurance for the rich and priceless
      1065 106  -  Russ Soh provides details of a new scheme which seeks to save the moneyed class from being lumped together with the hoi polloi Russ Soh The writer is vice-president/general manager of the Singapore branch of Federal Insurance Company, a subsidiary of the Chubb Group
      1,065 words
    • Article, Illustration
      Avoiding that sinking feeling
      1121 107  -  Banks involved in international trade have become strong advocates of marine insurance. Ow Seng Kiat explains why Ow Seng Kiat The writer is marine manager for Commercial Union Assurance. THE irrevocable letter of credit's popularity with companies that trade internationally has tightened the already strong link
      1,121 words
    • Article, Illustration
      Taking professional cover
      1207 108  -  Aruno Salvi finds out more about Professional Indemnity Insurance Aruno Salvi The writer is a director at Nelson Hurst Insurance Brokers, Singapore AS RECENTLY as the seventies. Professional Indemnity Insurance was virtually unheard of among professionals in Singapore. Doctors, lawyers and bankers in particular were acknowledged as
      1,207 words
    • Article, Illustration
      Not all smooth sailing
      923 109  -  Robert Collins sums up the developments and key challenges facing the region's cargo insurance industry Robert Collins WITH the massive growth in trade and investment in Asia over the past decade, cargo insurers have enjoyed good growth and profit opportunities. What is the driving force for
      923 words
    • Article, Illustration
      More consolidation ahead for financing houses
      900 110  -  Kau Jee Chu on their emerging roles Kau Jee Chu The writer is chairman of Finance Houses Association of Singapore FINANCE companies have traditionally been viewed as collectors of deposits and providers of loans for consumer durables, private residential properties and car purchase. This
      900 words
    • Article, Illustration
      Revving up on bike loans
      1054 110  -  Dubbed the King of the Highway, the big motorbikes have become a niche market for finance companies, says Soh Tiang Keng Soh Tiang Keng Ihe writer is a B T reporter RIDING big motorbikes has become a stylish status symbol on Singapore roads. And financing
      1,054 words
    • Article, Illustration
      Making your investment tree grow
      1364 111  -  What are your investment options if you start with modest savings? Bank on your favourite branch for sound advice, says Elsie Foh Elsie Foh The writer is senior vice-president in charge of retail hanking of DBS Bank WITH inflationary pressures and the need to protect
      1,364 words
    • Article, Illustration
      Lock icon Choosing the right EIS policy
      1152 112  -  There have been many products launched by life insurers advertising their Enhanced Investment Scheme status and attractiveness. Geoff Baars of NMG Pte Ltd highlights the features of EIS policies and important aspects that potential consumers should bear in mind before making their purchase decision. Geoff
      Photo by Arthur Lee  -  1,152 words
    • Article, Illustration
      Lock icon What to consider before investing in property
      1102 114  -  Ong Choon Fah tosses up a few issues buyers might want to look at twice before taking that plunge Ong Choon Fah Ihe writer is associate director for research at Jones Ixing Wootton Residential property remains one of the favourite forms of investment
      Source JLW  -  1,102 words
    • Article, Illustration
      Lock icon Promising days ahead for office sector
      1559 115  -  Willy Shee looks at the prospects for the commercial leasing sector in Singapore Willy Shee The writer is managing director of Richard Ellis THE Singapore commercial leasing market is undergoing a number of changes at the moment. Plagued by low rentals and a surplus
      Source: Richard Elis Research, Singapore  -  1,559 words
    • Article, Illustration
      South-east Asia beckons
      1878 116  -  Amos Koh believes now is a good time to invest in property in the region, which is teeming with opportunities Amos Koh The writer is managing director of Debenham Tewson International. SOUTH-east Asia offers opportunities for property investment that are among the best in the coming decade.
      1,878 words
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      182 53 r K, > In the competitive business of jjjsßp^re fr managing money, you understand (setter than anyone else, jf how important it 1$ to have the right office premises. j Power and air-conditioning capacity for %ur money may lie in tW'rt<?kt place. S large open plan Hoor and a convenient
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      Page 53 Advertisements Column 2
      241 53 CONTENTS The ABS chairman VH Pg 2 Peter Seah (right), chairman of Association of Banks in Singapore, on the challenges M faced by local banks expanding |B j^H Stock Exchange of S'pore president Lim Choo Peng on the bourse rising to the challenge. The bigger picture Pg 4-8 Banking reforms
      241 words
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      290 54 MISSING FEES, PRONE TO VIRUSES, Complications? time to See a Specialist. H c .hi»" Hleprlnt 100 j y; I ?pZj '"i jMB f i WES* I f^ [ixii »^^tßS^^' 4~> k>k>| fS< w» I Imm i J j ml 6&lSi& t Jl J 1?»^ ,J r- ST tMii|ttM.iitat)ppMM|> wr*'' j
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      97 55 H Hi r* l&y* |W J»iil-■ 1 i jwi I J Bringing people and oppf^nifie x K J I J ij Li I >u J together, across pßepipa jfflmrijfflH|/ e business opportunities. f be across the MMHPHH HBwiHLS' vJQ identifying only the step. us take you -^BpP(Bjfcj _.e Working Overseas
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      56 57 TL cruest for Perf eetion. Difficult to explain, but once savoured easy to appreciate. .g>_ lor lerfectionists. By lerfectiomsts. Lain Division. Borneo Motors (S) Pt e Ltd (Am laolioape Company). 17 I l> i Road 4 Sutfiporr 144 0 I«• I 74 9 32 8 8 fax 743 4!) 79
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      185 58 history, to by earliest has made the future happen in a close of technology Auguste Agassiz charted the destiny of Longines. As a forerunner, Longines provided instruments and timepieces to those who opened new frontiers, includ- K ing Lindbergh, Byrd and I Amundsen. And Longines' I constant search for elegance
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      126 60 1 I FXLA holder, -PNL»> -5 Are vou?" *>•••> jm* Practically anyone can now invest in foreign currencies. With just US$lO,OOO you can open Bank of East Asia's Foreign Exchange Leverage Account (FXLA) which gives you access to the global currency markets at the touch of a telephone day or
      126 words
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      278 62 jMbbibbb^b^^^^m^Mß y__ j jjm/ sound Master Sony's MHC-PIOOX Sound Master is a world's first with its exclusive Elestat Speaker System. It is the world's first mini hi-fi system to incorporate Electro-Static Tweeters in the speakers to give well-defined, crystal clear highs. It is also the world's first system in its
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      163 63 Tat Lee Bank has a host of corporate banking services ranging from /ETZ A j.j I D AKII/ trade and project financing packages to investment schemes to help I IJLJ IMI LIZ El DA IN IX your business grow. See a Tat Lee Banker today or call for more details.
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      92 65 Because it races through Windows much faster than normal PCs. Because QVision means p—i sharper and more detailed images. Because I can record voice messages onto documents. Be- I I O O igg? cause the Deskpro XL is completely upgradable and expandable my investment is safe. And i because I'm
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      645 66 jg At Spice Garden variety is Ike spice of life. And we don't mean to be flippant. Thai's because Spice Garden It's Said fa Are What fa Eat. a rrl AlP'i T P P J P 1J palpitations, and your mind into stales of excitement. Itien A YlSlt K) bpice
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      164 67 /-4 I —J wJI aji —A J J _—J CASHING a Keppel Batik CHIQUE at ANY BRANCH not In fact, the technology that makes this possible also ENABLES just the issuing branch—is that easy, thanks to our SIGNATURE you to perform the FULL RANGE (/TRANSACTIONS at any of our INQUIRY
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      216 68 The Key Card To Successful Private Banking *\W'M This chart contains information which can be key to your successful international investment. Every long-term investor knows the only constant in any investment equation is change. A change in short-term interest rates can dramatically change the course of bond prices and yields.
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      125 70 i- Tm\ .^Sp'k ->. w mK^ x jJm^ Jtfßl sMMPS 1 f ,-x Bf If a" 1 I ISPSPE *3- m &l v f v *>%i4&*r~~ «S r.-.v" W. **^1 t. r %/|'-r^> %**v -\l%'t<> z ,«?7 k s VX "Jp£ fe'«&#'.W^*-"''"• -..'-ST***** *•'••> L 4 i smj* life -.:>^feWr.
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      275 72 BECAUSE YOUVE ALWAYS BELIEVED A CAREER SHOULD BE ESTABLISHED WITH RESULTS, NOT TITLES. W, rr~~*> \jggg, V 1 g| 4VO |^=^ssß VSBHI In a world of short cuts, cut corners and easy-ways-out, there are still those But you can also feel good about being in the Toyota Camry 2.2GL for
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      100 73 —j Strategically 1 oca ted at the heart of Raffles Place. We offer an exclusive range of Italian ready-made menswear and quality custom-made tailoring for ladies and gentlemen. A wide selection in tuxedo rentals is also available for wedding special occasions. rnmmm zß** irni^ I DICKSON MENSWEAR (SINGAPORE) PTE LTD
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      39 74 'M. W m M m war 8 m K m K I Forex/Money Market Interest Rate Swaps/Options Government Bonds/Capital Markets For further enquiries, please call (65) 225 1442 36 Robinson Road. #11-01 City House. Singapore 0106. Fax: (65) 227-6073.
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      49 74 B. sinoapork• r i r w w"^ usi ne BusincssTimes i imes WI*M*»ASA Name Age Address Postal Code Occupation: Fax Tel: (O) (H) Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane SSB f News Centre Singapore 1334 fJHP Tel: 1800-749 2577 Fax 744 4875 g
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      140 75 jf Totally ceramics: the new Rado 'Sintra'. Simply captivating! The new Rado 'Sintra' with its avant-garde design, lustrously brilliant platinum-like look and the uncompromising use of an exceptional material: scratchproof, enduringly beautiful high-tech ceramics. But it's when you put this watch on that you really get to know it: cool,
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      205 76 The Standard Chartered group has 22 We offer unmatched coverage of Asian and offer you a true risk advisory service working Treasury dealing rooms in financial centres .African markets. And in exotic currencies, a with you to define your risk profile and implearound the world and our global reach market
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      342 77 onsider these lean facts: heavy-duty performance. that guarantees amazingly smooth rides, plus a Traction Con- Then try out one of those other ultimate machines. K One: the Integra is a high-performance sports car. Three: the Integra possesses the world's fastest moving trol System that maximizes road-traction for maximum safety. Or
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      332 78 r_ .A. customer relationship takes time to build. Wi Unisys FBA CUSTOMERview enhances your customer service by of helping our clients better serve integrating customer relationship information instantly. The most important assets of relationships of your customer's mation. The results go beyond any bank are its customers. To help business
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      29 79 Wbk &k> j ■C 0 Enumgildo Zegna Inchcape Marketing Boutique: Wiama Atria, #02-21 to 23 Singapore 0923. Tel: 732 8959 |«ouirirF..htan. Corner: Isetan Scotta, Level 3. Tel: 735 0539
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      246 80 Sound, Solid Secure t •V-Xf Yes ,we believe a substantial portion of your savings P ~~l The Asia Life CPF Approved Plans Action Form should be placed in investments which are Sound, Solid I Z Yes! I'm interested in the above plans. Secure. That's why we think you should take
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      16 81 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday Businesslimas
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      275 81 Sports rims show n are optional Power. And safety. Audi believes you can't designed to absorb most of the impact. have one without the other. If the collision is side-on, every door has a The Audi 100 2.6 has a V 6 engine that rigid high-strength metal reinforcement for delivers
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      429 82 SIZZLING The mother computer Wjk mS HHH that will cater to your H am H company's hungry horde. How her. H H Leading-edge speed: up to five 11 symmetrical Intel 486 or Pentium. EISA fIH m 32-bit and 64-bit I/O. CPU-direct local Wmm .A jm&M m bus gives instant screen
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      146 83 International Factors Singapore offers factoring as an innovative financial tool to help SMEs maintain their competitive edge. We provide immediate cash advances of up to 90% against their invoices, take over the tasks of debt collection and book-keeping and offer expert risk assessment and protection. i 1 With a network
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      193 84 SjjOdjSjS Pa lYMSidi) DMO 537 BjlkJH HILL SAMUEL PRIVATE BANKERS Bn| How to give your overseas mortgage the Professional edge I |H Whilst buying a property abroad can be frustrating, financing that purchase need not be. At HILL SAMUEL, we have designed a flexible loan facility which is specially geared
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      38 84 CLASSIFIED A CLASS OF ITS OWN WHERETO CONTACT YOU. Be sure to include your phone number and specify hours. And aon't make it difficult for potential Make A Difference To Your Advertisements Today! -JK CATS.] CALL 1800-737-1166 NOW.
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      166 84 A GIFT OF FRESH units do not require filters. CLEAN AIR Collection cells are TRION -The company that has kept the washable. entire U.S. Navy nuclear fleet breathing easier for many years now brings that technology home to you efficiently and affordably for users at home or in c« c
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      247 85 fo. KSSgH| Laser Midi. V Z-%\ 33. PMPO tiOOH 44 For Movies. For Karaoke. For More Than Just Hi-Fi. Hkfe, "J* K Ifefc. fu m s s- m g-_ l A Br BH Bk A B^| I f o fiiß9 Ba tmt^^^ m i ILJ cc life.—t 1 0 0
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      131 86 5 1 SI gHnSSBnoS MaMpWKW^ n m Pi I H H m Hi HI TASCAM M-2600 Mixing Console to "Broadcast Asia" at the World Trade Centre, Booth IZ:68 70. For a comprehensive understanding of professional audio recording and broadcast applications. ——31st May 3rd June w^Mg^pa v.>, AUGAN 408 OMX Optical
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      153 87 COME AMP SEE THE BOXER THAT KNOCKED OUT MITSUBISHI, rrr. mazpa, hohpa ahp toyota. two-litre boxer engine knoeke.l all bod >' with the reinforced other Japanese cars out to emerge the best in Tokyo*. form a rigid shell, offering maximum that mighty ,he boxer engine was really. PRESTICE enjoy seeing
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      243 88 f mk. v 1 r i|| I 1 -3ft <*>*••-• jM W::r^m-■ I B J fv Jl 1 k Bofc Jj 1 I *<S^Hf mm IB II V fl 'I 8 v .&w 8 I 8 8 II %a I] I 1 w 1 I ll Kf', 1 B JaH
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      252 89 Singapore's Most Heavenly Respite Is Now Open For Booking nM^K^ LjS fcL J 1 j^, > Z>llSmbS .tLJi ■J ,i Kaatf HKI ■,^^iilM MM It's heaven to be living at The Concourse Executive Suites "tttp j on Beach Road. Those who havq stayed with us say it's |^B ;j- j
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      375 91 I I I V I V IVVVIVIVIVIVIVIV' ********************0' 0 11. ***************101 Of JOl 111, ***************010' ***** OlOi ***************1 r >*****1 OOllOv ***************' jlOlllOi *****0. looioioioioior jioioion nonoioi **********10' >********** *****1110, **********0' .********** lOIOIOIOIOOi **********' JOlOOOlOOlll **********1b looioioor yiooiooiioiooii linooioiiiio. *****10K .**********1100 OlOlOOlllOlOOOi *****01 C JOlOOOlOOllll OOP "***************1 oiooioif ooioonoiooioo uoiooiooiioin
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      474 92 Wkethe? Wf&Hte&Sulisor ff»e IfegiJl^SE:. =g nothimg's dearer than a grurdig set Grundig promises you sharp pictures, top quality and excellent after sales service. But we are afraid we have no control over the ups and downs that occur when the stock market is on air. iirf O'Wvji ««<•. .•y-UvJL ,<*<•»«<••.
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      46 93 200Lbs and IOKm later. new balance COLLECTION Available in different widths. New Balance shoes are available exclusively at these stores: New Balance Technical Centre, #02-11 Plaza Singapura, Singapore 0923 Tel: 336 2749 SPORTS SPECIALITY PTE LTD, OUB Centre. #04-11 ZAINAL PROSPORTS PTE LTD, Change Alley, #25/26
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      123 93 '/•iS PZERO For those who like the thrills e sportiest car holds to any without the spills, there's nothing Zf I\ terrain. The P ZERO, for instance, is as sure-footed as Pirelli tyres. |ttj|px®df t laboratory-tested at up to 400 kph, Subjected to the toughest jj supporting side wall acceleration
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      116 94 m WL Seminar Organiser, The Least We Can Do Is Help Reduce The Stress." Co-ordinating a seminar, conference or meeting can spring the most unexpected surprises. But with the experience we have and the attention we give to details, these will be handled with ease. We have meeting rooms to
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      12 94 Use The Straits Times Classified to sell and you'll be money ahead.
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      1242 95 GST UP TO 50% DISCOUNT COMPACT INTEORATID^QIQBBIKARAOKE LASER DTiE-nAYER Wj^ONTlftrgHH^S S WBBB HHBiii bbssssssi I NAKAMICHICD-4 UP$6BO NAKAMICHI DR-3 UP $800 High Current Amplifier w/57 watts x 2. djOOO S3 CO Player with Coaxial £A AQ 2 Head Cassette Deck ./performance fIMQQ 9olms NOW yOOO PIONEER CLD-1710K UPSIO4O DWalOutput Now
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      415 96 Q J r* 1 |»MH|d^i^d V ~4- ---^'*>g*BS-»i?TW The new Acer Altos 7000 server. Another world's first from Acer! '^^Pl^lyßlMmHl rust Acer to make sure that your current investment will never be overtaken by technological advances. kJ Acer is an upgrade design expert, starting with our 'y-*^f<mpatented Chip Up™ technology
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      277 97 I >'•'' i-;*' Executive MBA Master of in Finance Financial Management Applied Finance I jointly offered by University of Wales and conferred by Macquarie University Manchester Business School a-> A 2-year part-time programme Offers workshops that provide interaction between the Intemationallyrecognizedandportable.Thisprogramme faculty and students is available in Singapore, Hong Kong,
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      59 98 E! A. ©bV o to do C/"* A Roland Speclcer, world champion The sign of excellence Ag*" l «»<* Scvfke C™"*es: SILVAROYAL PTE LTD. 250 Noah Bridge Road #15-01 Raffles City Tower Singapore 0617. Tel: *****62. 17th Floor Wisnu Goldhill 67 Jalan Raja Chulan ***** Kuala Lumpur. Tel: *****73 126
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      159 99 Our Set Lunch Menu Will Be Familiar To Executives. (It Requires You To Make Decisions.) Are we creating a dilemmafor you? In a word, yes. Only the courses of action you choose will he most pleasant at the Gordon Grill. Deliberate over which of 5 soup and salad options to
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      419 100 Looking at the enormous investment potential of commercial property these days, you'd never have guessed how different the values were around 10 years ago. From the height of the mid-80's recession till today, JLW has been instrumental in helping Singapore's commercial property realise its true value. We employ a blend
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      41 101 r t *y~*« 'T t Bent ley u the worlds most luxurious performance car. At 551.20 milium, it is also the most exclusive. rrn Malayan Motors the worlds finest sporting car ftwfcJi 46 Lang K«e Rood Singapore 0315 Tot 473 7755
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      503 102 KWU'i^H SMALLEST (II OHM HP WO KEE HONG (S) PTE LTD A%wlLrlnlc, Tel: 475 4555 Fax: 475 8623. Car Audio Systems Authorised Dealers: Oistriet 03: -Apedo Electronic 4 At«o Ace. Trading Blk 6C, Margaret Dnve, *01-64 Singapore 0314.-Five Luck Enterprise Blk 127, *01 226 Bukit Merah Lane 1 Singapore 0315.'Hock
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      128 103 IF THE EXECUTIVE BEHIND YOU IS AVOLVO DRIVER KEEP LOOKING OVER YOUR SHOULDER. SIM uiwwwhw j n business j t always pays to keep an eye on the competition However, if he happens to drive a Volvo, make sure you keep both eyes on him at all times. A Volvo
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      163 104 J-y% rv|A With the continuing instability of many AIU W \Aj Ldy Ul, 1. regions of the world, we at People's are <| constantly assessing the knock-on effects which an even keel may possibly be felt in this area. We are not insular in outlook and world events do of
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      375 105 i x. L~ .J55, I j |m PHI HI 1 y^Bygws^^ |SiII I > ii > v H» K fuZZr T P :^2^ l |M||ra| No, it's not cash or profit shares we're talking about. It's something much more exciting. It's the Computerised Building Management System for efficient monitoring of
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      280 106 Whichever way you look at it, the IPC IPC PORTA-PC P5 486 TFT (ACTIVE) Porta-PC P5 486 TFT gives unbeatable COLOUR MODELS clarity and colour. With its active colour 486SX-33/170 $4,699 matrix screen, performance can now be achieved at any angle. With CHIPSWAP B 486DX2-50/170 $5,099 the CPU speed can
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      133 106 I We provide offshore companies from: Bahamas Bermuda British Virgin Islands Cayman Islands Cook Islands Hong Kong Western Samoa and many others A complete range of offshore corporate services, including full nominee, management, secretarial and administration services, is available at competitive rates. Special offshore entities such as long term international
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      45 107 Introducing Phone Net. (Everything you want in a PABX without the hassles of having one.) jtSIL support Wife costs Ph N I hi ne# I VP ISDN b I bl upgrading No system V^ set-up cost Connections R\/7A/7 Singapore Telecom iNTtLLiotMT MfTwoRK Service first Always
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      295 108 Gi PAIM-WEST W dMh tPTEJ LTD > 1 IA//\l*f/\ aal I Including hot advice which We VC SOt I we'll gladly throw in. 9 /|l Woods, irons, putters, accessories, 1 wiiil a PP are s ar| d corporate gifts. We I ave a coverec at Pan-West. II I ttrvß And
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      682 109 Grow With INCOME x INVESTMENT BOND POLICY j Average Returns From 1983 TO 1993 AVERAGE RETURN H 30- 15.5% P. A Imn I 10- HH 84 85 86 87 88 89 90 91 92 93 94 Year Prices are as at 1 January An attractive investment-linked policy with life insurance
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      44 110 Ow \< ]7V^-tV\x_ Mou C*tfG*iwj Siw.Cc *o is of -'f*. KAOV( <ks*MyWov\s OAlVivc i* WH(a Q*ts*> Woff. t -ft? yow #C\ C?f- |6'plm^ T<a*c\OoV' K-*V\t w d" 1 Jandoor d<w*- yo* t** oor**~ to i<o/*a p*ss*^e. H, +D C/#\X*4.) 01*1. fbv »tS€i<vav>o<rvj (p\ fASC 11%-^lTl.
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      279 111 Before you do anything with your hard premiums will be dedueted directly from your 1" ~~1 earned CPF money, consider how you would CPF Enhanced Investment account. I For more information, please mail this coupon to AIA Singapore. like to see yourself when retirement beckons. Our plans give you an
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      116 112 above another needn't feel distant from your (or even your colleagues) and goodnight to children on EMTEL, H our in-flight phones. Our newest .Airbuses are the first in the world B to carry them; two in First Class, '^^Ifc j-*m± I^9 two in Business, and two in Economy. si tt
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      278 112 What makes Jack's Place one of Singapore's favourite restaurants? It's not only our ambience and the affordable prices. It's because we serve our famous mouth-watering, tender, juicy steaks just the way you like it, everytime. So, for a super deal in steaks, stick to Jack's. JUNE SPECIAL (AVAILABLE FOR LUNCH
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      199 113 One of the greatest gifts you can give your child is the security of a great future. And you GIVE YOUR CHILD can do so by providing him with the best A FLYING START education opportunities. But you need to plan ahead to ensure that you have the TO A
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      175 114 141 PflPw E'^bl v The Copacabana The Copacabana Collection is elegance personified. Timepieces of rare design and craftsmanship. Gold, steel, and gold and steel. i Hp With bracelets that either match or a made of exauisite lizard skin. And of course, no fashion collection would be complete without rm the
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      285 115 You never know, do you? Juet when you thought And of course, wo'll cover you for thoee things that H"" you'vo got everything mapped out, something else crops other policies cover. Like death or total and permanent J Q 2221 Pton"" mW Womt tk>fl OAC Enh nc d h,mUn,nt y
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      216 116 3R THE UNIVERSITY OF HULL England 1927 API "OVER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" Kgfl "ONE 0E THE MOST ESTARIISHED IN SINGAPORE" IMBA H First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of the HnMßpfl 1990s First to offer Entrepreneurship
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      29 116 /pgl STRAIGHT TALK You shouldn't have to read between the lines jgllf to et ttle u P' cture Companies Markets. Everyday. r \mmnk9 rri Business Times WE KHOW ASIA
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      276 117 I HOW TO KEEP .t < -'i" 4 L -"V l *1' r f 5* r I I m I I YOUR CPF NEST I I I I I I I i• r A♦ V *5. ■'jJT "V I I i-' *-4je V* .-*T •■> EGG FROM I ff ''t
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      149 118 a -r- ~H^„.___.^^^^= s===ai;;;a 1 All over the world, there is one name people trust for cool, clean air; for DAIKIIVi ::Z~zZrLr~'T~ eh perfect control over their environment. Daikin. As inventor of the multi-split aircon system and the uniquely flexible VRV technology, Daikin continues to set new standards .fgj 5
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