The Business Times, 7 June 1994

Microfilm: NL19382
Total Pages: 48
1 48 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) OiO/12/93 Tuesday June 7 1994 75«
    12 words
  • 3am LATEST
    • Article
      Lock icon Dow up 16.61 points
      49 1 Reuter NEW YORK Blue-chip stocks gained at midsession yesterday. At Ipm EDT, on the broader market, advances led declining issues 12-7 on NYSE volume of more than 136 million shares. At 2pm EDT, the Dow Jones Industrial Average stood at 3,788.83, up 16.61 points. Reuter
      Reuter  -  49 words
    • Article
      Lock icon US$230m order for BAe
      41 1 AFP LONDON Engineering group British Aerospace (BAe) yesterday said its regional jet division, Avro International Aerospace, had won a US$23O million order for eight BAe RJIOO Avroliners from a Colombian company, Sociedad Aeronautica de Medelin Consolidada. AFP
      AFP  -  41 words
  • Article
    MARKET SUMMARY
    163 1 Stock market indices Monday Change STI! 2,263.79 -4.91 KLSE Comp 970.06 +4.57 Nikkei 20,726.65 -227.54 Hang Seng 9,383.03 +148.76 SET Index 1,363.01 +5.01 Jakarta Comp 486.53 -0.2 CLSA China B ....1,104.03 +4.22 Aust All Ord 2,072.5 -6.1 FTSE 100 3,009.4 +11.6 Monday Previous 2pm close Dow Jones 3,788.83
    163 words
  • Article, Illustration
    Lock icon S'pore, KL to work together on regional investment
    536 1  -  Reports by Ho Kay Tat in KUALA LUMPUR SINGAPORE and Malaysia have agreed to work together in exploring investment prospects in the region. The agreement was struck yesterday at a meeting here between Malaysian Deputy Prime Minister Anwar Ibrahim and Singapore Finance
    Reuter.  -  536 words
  • Article
    DBS, OCBC, UOB get nod to set up branches in Labuan
    185 1 KUALA LUMPUR The Monetary Authority of Singapore has given the green light to the DBS Bank, OCBC Bank, and United Overseas Bank to set up branches in Labuan. Malaysia's offshore financial centre. Disclosing this yesterday, Singapore Finance Minister Richard
    185 words
  • Article
    Lock icon Fed governors see stable inflation taking heat off US interest rates
    346 1 NYT WASHINGTON Top officials at the nation's contra I bank have concluded that growth in the American economy has slackened slightly and that inflation is under control, making further interest rate increases much less likely in the coming weeks.
    NYT  -  346 words
  • Article
    Alan Yeo files second petition to wind up YHS Holdings
    429 1  -  By Ramesh Divyanathan SINGAPORE Yeo Hiap Seng Ltd chairman Alan Yeo has filed a second petition to wind up Yeo Hiap Seng Holdings (YHSH), his family holding company which controls 38.9% of the listed food and beverage group, to bolster
    429 words
  • Article
    Thai tycoon pays 2.3b baht for Imperial Hotel group
    492 1  -  From Loh Hui Yin in BANGKOK IN A SALE that reflects the troubles of the I hai hotel industry here, liquor tycoon Charoen Siriwattanapakdi has bought the ailing Imperial Hotel group for 2.3 billion baht (SSI3B million) possibly the country's largest
    492 words
  • Article
    Comfort closes below strike price
    470 1  -  By Quak Hiang Whai SINGAPORE Shares of taxi operator Comfort closed below their strike price of $1.11 on the first day of trading yesterday. The counter rose in the first few minutes to a high of Si. 17, slipped to a low of $1.07 before
    470 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      140 1 Tht Woritfs Smallest 35mm Auto Br Focus Zoom Camtn I® V ZQDM3GDQP I CONfENTiI? £pTe News 2 6.7 Regonal Mews 3.4 Financial 10 World News 4.5 Features Markets Opnons EL2 Oob/KlSt. StS 1416 PI EL4.5 Reponal 12 Reviews 116./ World 12 Sports ELB Currencies 10 IV/Radn Ql6 Sme»/Commo 11 Tel
      140 words
    • Advertisement
      Page 1 Advertisements Column 2
      44 1 Property: Pa 12 Boom time in Indonesia fr The United States, I believe, is quite able to pay for our air fares. Q US Trade Representative Mickey Kantor said curtly, in response to Singapore's offer to underwrite the WTO meeting Full report, Pg 16
      44 words
    • Advertisement
      Page 1 Advertisements Column 3
      19 1 Hock Lock Siew: /C& Tf Sekar Bumi's futun\£> OECD revises upwards US growth forecasts, warns of inflation, Pg 16
      19 words
    • Advertisement
      Page 1 Advertisements Column 4
      93 1 The Bottom Line: p* it America bereft of leadership Cartier, The Jeweller, works steel like a precious metal. tfll a V Square curved Santos New round Santosl watch in solid steel watches in solid steel. Water resistant to 30m Water resistant to 30m, Quartz Cartier movem Large model automatic Large
      93 words
    • Advertisement
      Page 1 Advertisements Column 5
      8 1 11* WmWi Smatat »n Auto 4? FocuiZoomCamm ZGPIUI3GDQD
      8 words
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article
        Little fear of inflation
        345 2  -  By Anna Teo THE Singapore economy can grow about 7.5 per cent a year over the next few years without igniting inflation, says the Overseas Union Bank. The optimism stems from an analysis of potential productivity gains and labour force growth, the bank says in its
        345 words
    • Article
      Insurance agents unhappy with new guidelines
      328 2  -  By Shiv Taneja NEW GUIDELINES from the Life Insurance Association (LIA) a trade association made up of the country's 12 major life insurers and eight reinsurers on bringing about greater self-regula-tion in the industry are not going down well with insurance agents in Singapore.
      328 words
    • Article, Illustration
      Lock icon PSA to make frequent tariff adjustments and link revenue more closely to costs
      412 2  -  By Dexter Lee THE Port of Singapore Authority (PSA) will adjust its tarifTs more frequently in future to make the quantum of proposed increases smaller. By linking revenue more closely to rising operating costs, the authority hopes
      Photo by Arthur Lee  -  412 words
    • Article
      KPMG Peat Marwick gets full licence for Vietnam
      315 2  -  By Conrad Raj KPMG Peat Marwick, one of the world's largest accounting and consulting firms, has been licensed to offer a full range of auditing services in Vietnam. It has offices in Hanoi and Ho Chi Minh City. Management expertise is provided
      315 words
    • Article, Illustration
      Why proceeds from car registrations can't be set aside for Chest
      771 2 Written replies to Parliament questions YEARLY TAKINGS from the bids for new car registration numbers shot up from $2.9 million in 1990 to $7.1 million last year. The collection had been rising steadily $3.7 million in 1991 and $5.1
      771 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      234 2 }~~|&/}@=`()_)?<^@\!$[+:*^~?["+ Monash Village, Melbourne. Blue chip investment next to Australia's largest university. fl Hi Invest in Monash Village, Melbourne. A modern AMENITIES CLOSE TO MONASH VILLAGE townhouse development that sits squarely on Australia's hottest 15 minutes from CBD Just 300 m away from Monash investment ground. Indeed, Melbourne is where
      234 words
    • Advertisement
      Page 2 Advertisements Column 2
      184 2 That's Out Of This World! Hfc Need Not Cost The Earth. MkH POUR-VARIETY COLD DISH COLD DBH DELUXE LOBSTER COLD DISH BRAISED SHARK'S FIN WITH BRAKED SHARK'S FIN BRAISED SUPERIOR SHARK'S FIN CRAB MEAT ROAST SUCKLING PIG ROAST SUCKLING PIG HpHH ROAST CHICKEN STEAMED GAROUPA STEAMED POMFRET HifiWWMS. STEAMED RED
      184 words
Page thumbnail Page 3
  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Suharto confirms ban on foreign investment in media: Harmoko
      311 3 Reuter JAKARTA Indonesia said yesterday that it will not allow foreign investment in its media despite a new deregulation package which permits foreign ownership in previously restricted areas such as communications and media. Information Minister Harmoko told reporters that President Suharto
      Reuter  -  311 words
    • Article
      Four go on trial in connection with Medan riots
      472 3  -  From Maggie Ford in JAKARTA FOUR people the first of dozens charged with destruction of property or instigating violence went on trial in Medan, Sumatra, yesterday as the Indonesian government stepped up efforts to calm fears among the country's ethnic Chinese
      472 words
    • NOTE BOOK
      • Article
        Lock icon Mahathir welcomes UK trade mission
        65 3 Reuter KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday welcomed a British trade delegation to Malaysia. However, he made no mention of lifting a ban on government contracts to British firms, British Trade Minister Richard Needham said. Mr Needham and a 20-member delegation met Dr Mahathir
        Reuter  -  65 words
      • Article
        Lock icon Manila obtains US$70m in loans
        107 3 AFP MANILA The Philippines has obtained three concessional loans totalling US$7O million from the World Bank and the United States, the Finance Department said here yesterday. The US$4O million World Bank loan will be used to improve the infrastructure of the former US naval facility
        AFP  -  107 words
      • Article
        Lock icon Industrial accidents cost M'sia M$4b
        75 3 Reuter KUALA LUMPUR Industrial accidents are costing Malaysia Ms 4 billion (552.3 billion) a year in lost productivity, Deputy Human Resources Minister M Mahalingam told Bemama news agency yesterday. He was quoted as saying the losses equivalent to nearly the entire output of the Malaysian
        Reuter  -  75 words
      • Article
        Lock icon Vietnam PM's visit to Russia
        89 3 AFP HANOI Prime Minister Vo Van Kiet leaves here today for a tour of Ukraine, Kazakhstan and Russia in the first visit by a Vietnamese Premier to countries of the former Soviet Union since its collapse in 1991. Mr Kiet's visit, due to have taken
        AFP  -  89 words
    • Article
      Lock icon EU files complaint against Philippines
      167 3 AFP MANILA The European Union (EU) has filed a complaint against the Philippines under the General Agreement on Tariffs and Trade (Gatt) over its tariff system. Trade Undersecretary Antonio Buencamino said here yesterday that the complaint was filed in April and "consultations" between the EU
      AFP  -  167 words
    • Article, Illustration
      Lock icon Bomb goes off in Philippine city
      161 3 UPI ZAMBOANGA, Philippines Police saturated Zamboanga City yesterday after a powerful bomb blast ripped through the commercial centre, injuring at least 33 people and destroying 30 stores. Mayor Vitaliano Agan blamed the bombing on the Abu Sayaf, an extremist Muslim group that is the
      UPI; Reuter  -  161 words
    • Article
      Lock icon Petronas partners to pump in M$8b more
      159 3 Bernama KUALA LUMPUR Petronas' production sharing contract partners arc expected to invest about MsB billion (554.7 billion) in oil and gas exploration and development and production for the financial year ending March, 31, 1995, Minister in the Prime Minister's Department, Syed Hamid Albar,
      Bernama  -  159 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      188 3 v "WT^HP'SH f v^| T(7 J J J J "THANKS TO SIA CARGO, THE ANCIENT TREASURES OF ASIA DIDN'T MAKE HISTORY." DR KBNSON KWOK, DEPUTY DIRECTOR ASIAN CIVILISATIONS MUSEUM |A MEMBER INSTITUTION Of THE NATIONAL MUSEUM) "Flying the ancient treasures of Asia with SIA from the Mr Mrs John D.
      188 words
Page thumbnail Page 4
  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Taiwan's inflation at 5-month high
        119 4 AFP TAIPEI Taiwan's intlation rate hit a five-month high of 4.33 per cent in the year to May due to torrential rains, which caused -increased food and vegetable prices, a government agency said Inflation, as measured by the consumer price index {CPI), stood at 111.89
        AFP  -  119 words
      • Article, Illustration
        Lock icon Beijing welcomes Malta premier
        33 4 AFP BEIJING Malta Premier Edward Fenech Adami (right) being escorted by his Chinese counterpart Li Peng during the welcome ceremony at the Great Hall of the People yesterday. AFP
        AFP  -  33 words
      • Article
        Lock icon Taiwan's computer parts output up
        77 4 AP TAIPEI Taiwan produced US$9.7 billion (5514.8 billion) worth of computer parts last year, a 15 per cent increase from 1992, keeping its position as the world's leading maker of monitors, mainboards, keyboards, mice and scanners, a government report said yesterday. About 85 per cent
        AP  -  77 words
      • Article
        Lock icon Inquiry into Shenzhen collapse urged
        117 4 AFP BEIJING Chinese officials called yesterday for a full-scale investigation into the weekend collapse of a half-completed toy factory near the southern city of Shenzhen that left at least 11 people dead. While the official toll remained at 11 dead and 64 injured yesterday, local
        AFP  -  117 words
    • Article
      Lock icon Discovery Bay likely to get tunnel link to new HK airport
      185 4 Bloomberg Business News HONGKONG The Hongkong government is prepared to approve a tunnel that would link the Discovery Bay housing and resort complex to the territory's planned new international airport, according to the developer of the estate yesterday. "We
      Bloomberg Business News  -  185 words
    • Article
      Patten urges HK's Legco to vote for electoral reforms
      369 4  -  From Lim Soon Neo in HONGKONG HONGKONG Governor Chris Patten yesterday dismissed suggestions that his electoral reforms did not have public support and urged the Legislative Council to vote for them on June 29. "I don't think we could conceivably have
      369 words
    • Article
      Lock icon HK to unveil plans to cool property market this week
      601 4 Reuter HONGKONG Hongkong is expected to announce measures this week to tackle soaring property prices but the government is likely to rule out punitive tax increases for fear of engineering a market crash. Governor Chris Patten yesterday said that a
      Reuter  -  601 words
    • Article
      Lock icon China on course for 10pc economic growth, says Zhu
      328 4 AFP HONGKONG China is on course for 10 per cent economic growth this year, Chinese Vice-Premier Zhu Rongji was quoted as saying by a leading business organisation here yesterday. Mr Zhu told a high-level delegation of the Hongkong General Chamber of
      AFP  -  328 words
    • Article, Illustration
      Lock icon Chinese airliner crashes, all 159 on board killed
      402 4 Reuter, AFP, AP BEIJING A Chinese airliner on a domestic flight from the tourist centre of Xian crashed yesterday, killing all 159 people on board, officials coordinating (he search said. The Russian-built Tupolev--154 with 146 passengers and 13 crew crashed eight minutes
      Reuter,; AFP,; AP; Reuter  -  402 words
    • Article
      Lock icon Both Chinese air cargo and passenger transport jump 19pc
      245 4 AFP BEIJING China's rapidly expanding domestic airline industry moved 15.28 million people in the first five months of this year, up 19.2 per cent from the same 1993 period, press reports said yesterday. Air cargo transport also surged 19.8 per cent
      AFP  -  245 words
    • Article
      Lock icon Beijing to punish officials handling tourist boat incident
      220 4 AFP HONGKONG China is to take disciplinary action against local officials over their handling of a pleasure boat incident in March in which 32 people, including 24 Taiwanese tourists, were killed, it was reported yesterday. The central authorities ordered the clampdown because
      AFP  -  220 words
    • Article
      Lock icon China warns directors of polluting factories they face harsh penalties
      393 4 Bloomberg Business News BEIJING China has warned directors of polluting factories they could face harsh criminal penalties if they continued to destroy the environment, the China Daily reported. "Individuals and companies that pollute the environment will face economic penalties and
      Bloomberg Business News  -  393 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      220 4 Apollo Suite Apartment An Enviable Address For A fl|9£BilHp Home Away From Home. If you appreciate what goes into a comfortable home, you'll appreciate what suite apartment should be like. A touch of casual elegance. Impeccable design and a personal touch to convey the atmosphere of "A Home Away From
      220 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      112 5 J< gf^JiM. -t*a3^a^y>-^^giMßMßQjM^^^B^^^MWß»Cil^Kggi»BresilfigOft^ £v mm THE GOOD NEWS. THERE IS A LUXURY CAR WORTH ITS PRICE. The Honda Legend. From the makers of the world's most advanced engines. For a test drive, call Kah Motor, ir ft I j Powerful yet fuel-efficient 3.2 litre V 6 engine 204 horsepower •0
      112 words
Page thumbnail Page 6
  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon N Korea regains millions from BCCI
        91 6 AFP HONGKONG A North Korean state company is among major creditors who have gotten back more than two-thirds of the money they had on deposit in the Hongkong unit of the scandalplagued Bank of Credit and Commerce International, the bank's liquidators said. KPMG Peat
        AFP  -  91 words
      • Article
        Lock icon S Korea sees partner in Uzbekistan
        96 6 Reuter TASHKENT South Korean President Kim Young Sam said yesterday he wanted an active working partnership with Uzbekistan, describing the country as the centre of Central Asia. Uzbek President Islam Karimov, one of the most conservative national leaders to emerge from the former Soviet
        Reuter  -  96 words
      • Article
        Lock icon India test-fires Prithvi missile
        88 6 AFP NEW DELHI The Indian army completed preliminary trials of the home-built surface missile Prithvi yesterday by carrying out a second successful test in three days, ignoring Pakistani concern about a missile race. The Bm-long missile took off in clear weather from a mobile launcher at
        AFP  -  88 words
      • Article
        Lock icon Aussie job ads growth slows
        102 6 Reuter MELBOURNE Australia and New Zealand Banking Group (ANZ) said trend growth in its Australian job advertisement series slowed to 1.5 per cent in May from 2 per cent (revised from 1.8 per cent) in April. Seasonally adjusted.growth in the series, which measures job advertisements
        Reuter  -  102 words
      • Article
        Lock icon Japan to deregulate power industry
        49 6 Bloomberg Business News TOKYO The Ministry of International Trade and Industry is drafting legislation to allow new companies to enter Japan's electric power industry, Nihon Keizai newspaper said. The ministry will submit the legislation to parliament next year, the paper said. Bloomberg Business News
        Bloomberg Business News  -  49 words
      • Article
        Lock icon Pakistan tips large US investment
        53 6 AFP ISLAMABAD Pakistan could attract more than US$2 billion (Ss3 billion) in US investment a year, despite tensions between the two over Pakistan's nuclear programme, President Farooq Ahmed Leghari said on Friday. "This figure is not a wild estimate, it is based on realistic assessment,"
        AFP  -  53 words
    • Article
      Lock icon Singapore's direct investment in Japan soars
      239 6 AFP TOKYO Foreign direct investment in Japan declined 25 per cent from a year earlier to US$3.l billion (554.7 billion) in the year to March, despite sharply higher investment from Asia, especially Singapore and Taiwan, said a finance ministry report. Buoyed by increased flows
      AFP  -  239 words
    • Article
      Lock icon US sees end to telecom disputes with Tokyo soon
      234 6 Reuter TOKYO US Under-secre-tary for Commerce Jeffrey Garten said he is hopeful that Japan and the US will turn the comer soon in their telecommunications disputes. "I am hopeful we will turn the corner in these disputes and I think the
      Reuter  -  234 words
    • Article
      Lock icon New investment vindicates Aussie budget claim
      532 6 Business Council survey shows 75pc of major corporations plan to increase spending AFP SYDNEY Big business is about to boost its spending to help rectify a chronic lack of investment which has been the missing link in Australia's economic recovery and in government budget
      AFP  -  532 words
    • Article
      Lock icon Bangladesh unlikely to raise taxes to boost revenue
      292 6 Reuter DHAKA Bangladesh, under opposition pressure to call early general elections, is likely to avoid raising direct taxes or duties on utilities in its 1994-95 Budget. Officials and analysts yesterday said the government would try to stamp out tax evasion and expand
      Reuter  -  292 words
    • Article, Illustration
      Lock icon Mystery locked up in A$1m clock
      70 6 Reuter SYDNEY Model Tanya Koeberl displays a rare Carrier 'mystery clock', so named because the hands appear suspended in space, without connection to the clock. The timepiece is for sale for about Asl>arilUon (§51.13 million) and features 625g of 18carat gold, more than Ikg
      Reuter  -  70 words
    • Article
      Lock icon Japan's imported car sales at record high
      356 6 BernamaKyodo AFP, TOKYO Japanese sales of imported motor vehicles jumped 48.4 per cent from a year earlier to 21,579 units in May, buoyed by strong sales of US cars and marking a record high for the month, an industry group said yesterday. The
      Bernama- Kyodo; AFP,  -  356 words
    • Article, Illustration
      Lock icon Benazir's brother may cause split in party
      598 6 AFP ISLAMABAD The ruling Pakistan People's Party may be headed for a split as Prime Minister Benazir Bhutto and her estranged brother fight to capitalise on their late father's political legacy. Thousands greeted Murtaza Bhutto, Benazir's brother, after a court released him from
      AFP  -  598 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      246 6 Success in management means more than just achieving your company's targets. It means developing the necessary skills to lead people effectively. This workshop is intended for newly appointed senior managers and managers who wish to enhance their management skills. Key.Topics: Leadership Management Style Trust and Empathy Change and Defensiveness Flexibility
      246 words
Page thumbnail Page 7
  • THE WORLD
    • Article
      Lock icon EU finance ministers strike compromises before summit
      577 7 Reuter LUXEMBOURG European Union finance ministers struck a series of compromises yesterday to avoid a potentially damaging row about money, smoothing the way before a summit on the Greek island of Corfu. Diplomats said European Commission president Jacques Delors played down his earlier
      Reuter  -  577 words
    • Article
      Lock icon Moscow may sell 1,500 state firms to ease debt
      309 7 Reuter MOSCOW As many as 1,500 state-run Russian enterprises could soon be declared bankrupt as Russia introduces a brave new scheme to tackle its huge non-payment crisis, the Federal Bankruptcy Agency said yesterday. "This should be done to prevent real bankruptcies,
      Reuter  -  309 words
    • Article
      Lock icon British houses are falling apart: study
      101 7 Reuter LONDON Britain's homes are literally falling apart, with one in 13 unfit for human habitation. A study released yesterday said the government's policies on housing were "wholly inadequate" and urged it to spend £7 billion (Ssl6 billion) right away to get the worst
      Reuter  -  101 words
    • Article, Illustration
      Lock icon From dust to dust
      39 7 AFP RUHANGO, Rwanda A Rwandan child cries in the dust at a refugee camp 50km from Kigali on Sunday, as government forces launched their First major counter-attack to reopen roads leading to nearby Burundi. AFP
      AFP  -  39 words
    • WORLD WATCH
      • Article
        Lock icon Buba can live with current forex rates
        86 7 Bloomberg Business News BERLIN The Bundesbank "can live with" current foreign exchange rates, even though it intervened, along with other central banks, to halt the fall of the US dollar against the mark, said Dieter Hiss, a policy-maker at the German central bank.
        Bloomberg Business News  -  86 words
      • Article
        Lock icon Call for open trading system
        67 7 Reuter LONDON The world's major industrialised countries must maintain an open trading system and drop protectionism if they are to avoid charges of hypocrisy, the head of the European Bank for Reconstruction and Development said yesterday. If they fail to do so, their own growth
        Reuter  -  67 words
      • Article
        Lock icon Share offer price of Dutch PTT set
        70 7 Reuter AMSTERDAM The Dutch state yesterday set a 49.75 guilder share price for its sale of telecoms giant Koninklijke PTT Nederland, which will swell state coffers by up to eight billion guilders (556.6 billion). The offer, which values PTT at a total 22.9
        Reuter  -  70 words
      • Article
        Lock icon Bonn, Paris to push for carbon tax
        72 7 Reuter BONN Germany and France will use their successive terms at the head of the European Union to push along a stalled proposal for a tax on the carbon content of fuels. Environment Minister Klaus Toepfcr said. Bonn and Paris agreed the project
        Reuter  -  72 words
    • Article
      Lock icon Court alleges Schneider assets in Swiss banks
      240 7 Reuter FRANKFURT The Frankfurt district court has extended its accusations against fugitive German property developer Juergen Schneider to include alleged serious bankruptcy fraud, the city's public prosecutors' office said. The arrest warrant against Schneider had so far been based solely on the allegation
      Reuter  -  240 words
    • Article
      Lock icon Economic benefits of Middle East peace a pipe-dream: study
      145 7 AFP TEL AVIV More realism and less day-dreaming about an economic boom would do Middle East peace negotiators good, an Israeli strategic studies centre says. "Even the most comprehensive Middle East peace will not deliver economic salvation to the region," warned
      AFP  -  145 words
    • Article
      Lock icon OECD revises upwards US growth forecasts
      680 8 Bloomberg Business News Reuter, AP, PARIS The Organisation for Economic Co-operation and Development has revised upwards its growth forecasts for the United States but officials say it sees a risk of inflation given the pace of economic recovery. "Our view is that if growth
      Bloomberg Business News; Reuter,; AP,  -  680 words
    • Article, Illustration
      Lock icon The sideshow of war
      33 8 AFP ADEN A group of south Yemenis watch a blaze in the oil refinery at Little Aden, following an attack by north Yemeni forces on the industrial zone. AFP
      AFP  -  33 words
    • Article
      Lock icon Major's party faces relegation to third place in by-election
      393 8 Reuter EASTLEIGH, England Britain's ruling Conservatives face the humiliation of being outvoted by both main opposition parties in a parliamentary by-election called after the bizarre death of one of their rising stars. Stephen Milligan's death in a sex fantasy that went
      Reuter  -  393 words
    • Article
      Lock icon Belgian PM favoured as new EC president
      227 8 Bloomberg Business News LUXEMBOURG Belgian Prime Minister Jean-Luc Dehaene is likely to become the next president of the European Commission, said the commission's most senior finance official, Henning Christopherson. Speaking to journalists in the bar of the Pullman Hotel on the eve of
      Bloomberg Business News  -  227 words
    • Article
      Lock icon Russian inflation may be too low, says economic adviser
      194 8 Reuter MOSCOW Russian inflation, currently just under 10 per cent a month, may be too low given economic realities in the country, President Boris Yeltsin's chief economic adviser, Alexander Livshits, said yesterday. But Russia was still determined to meet promises to
      Reuter  -  194 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      100 7 THERE'S ONLY ONE PLACE IN HONG KONG WHERE YOUR CORPORATE OFFICE INSTRUCTS YOU TO MIX BUSINESS PLEASURE. At the Gold Coast Hotel, Hong Kong, business always conducted at a professional level, in harmony with a beautiful environment that leaves HpHHraD nothing to be desired in the way of resort amenities.
      100 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      301 8 /m high-speed modem ■llluMCflfl for only $99*. 1 a high-speed modem to your PC allows you I I to access many databases for information. And I H W dramatically increase the speed of PC communications. B M That's why at Teleview, we're offering a high-speed r\ .tsso« s \*l£xvmh 14,400
      301 words
Page thumbnail Page 9
  • SPORTS
    • Article, Illustration
      Lock icon Faldo wins Dunhill title after play-off with Haeggman
      565 9 Golf AFP BRUSSELS Britain's world No 2 Nick Faldo collected his first title of the 1994 season near here on Sunday, courtesy of his Ryder Cup teammates Colin Montgomerie and Bernard Langer who both faded. Faldo fired a closing par round of
      AFP  -  565 words
    • Article, Illustration
      Lock icon Ewing in star role as Knicks reach final
      369 9 1994 NBA playoffs AFP NEW YORK Patrick Ewing played one of his greatest games, scoring 24 points and pulling down 22 rebounds to lead New York past Indiana 94-90 here on Sunday, sending the Knicks into the National Basketball Association finals. The
      AFP  -  369 words
    • Article, Illustration
      Lock icon Experience prevails as two Spaniards ward off upstarts
      589 9 Review of Freneh Open AP PARIS As the superstars tumbled out one by one. it seemed fated that some longshot or newcomer would win a French Open title. But when it counted, two unflashv Spaniards with past success here summoned the grit
      AP; Reuter  -  589 words
    • Article, Illustration
      Mary Pierce emerges as new tennis star
      299 9  -  From Michael Karem Ihe writer is a London-based writer who contributed this article to Business Times in PARIS NEVER mind the fact that Arantxa Sanchez-Vicario won her second Paris Open title. This championship will be remembered for the unprecedented instant stardom of Mary
      299 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon American Football
        97 9 AFP DALLAS, Texas Former Dallas Cowboys coach Jimmy Johnson received US$2 million (Ss3.l million) to be let out of his contract with the National Football League champions one year sooner than he really wanted. That's what the Dallas Morning Hens reported here on Sunday following an interview with
        AFP  -  97 words
      • Article, Illustration
        Lock icon Baseball
        167 9 AP AP LAUSANNE, Switzerland There will be no baseball Dream Team at the Atlanta Olympics. The International Baseball Association on Sunday narrowly rejected a pro posal that would have allowed professional baseball players to reprr nt their countries in official IP .nts, including the Olympics. In a vote taken
        AP  -  167 words
      • Article, Illustration
        Golf
        288 9 EAST LANSING, Michigan Beth Daniel sank a 1 m birdie putt on the final hole to match an LPGA four-round record and complete a start-to-finish triumph at the US$6OO,OOO (*****.000) Olds Classic. Daniel's final-round 68 gave her a 20-undcr par 268 total and the US$9O,OOO first prize by four
        288 words
      • Article, Illustration
        Indy racing
        60 9 MILWAUKEE, Wisconsin leading finishers at the Indycar 200-mile race, shortened by rain to 192 miles (309 km) on Sunda): I Al Unser Jr (US) Pcnskc llmor. 192 laps 2 Emerson Fittipaldi (Bra) Pcnskc llmor. 192 3 Paul Tracy (Can) Penske llmor. 190 4 Michael Andretti (US) Reynard Ford
        60 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      184 9 You just can't beat a Jetabout China tour. We use experienced English speaking guides and give you maximum flexibility of departure dates. China is a big country and we have a wide range of different tours to cover exactly the points of interest you want to see. Beijing Trar 1
      184 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      952 10 Nothing Itefrts A Bwd. B fl WHERE to wine, dine and entertain or FRESffI PASTA DAI LY. W From Posta Fresco. Tho only restaurant to mok« its own spociolty posta. everyday Savour perfect pizza, great gekrH and terrific tiramlsu. AN topped with Italian hospitality. Pasta Fihco Oa So»vator« Pta LM
      952 words
    • Advertisement
      Page 10 Advertisements Column 2
      422 10 ih/noiigko liimoMgko limougli, "Enougft is enough. 35 appetisers, 20 desserts pfus 6 main courses. 'When our guests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they alutays end up conceding that tfieyve had more than enough. Come try it to believe. JQO
      422 words
Page thumbnail Page 11
  • LIFESTYLE
    • Article, Illustration
      Lock icon Woodstock meets the 90s
      813 11  -  The free spirit of 25 years ago will be repackaged at a price, says Jacques Steinberg Jacques Steinberg NYT AFTER 25 years, it has come to this: the festival commemorating Woodstock this summer in Saugerties, New York, will be broadcast live on pay-per-view television, just like
      NYT  -  813 words
    • Article, Illustration
      Lock icon Portuguese tourism stages modest revival
      586 11 Reuter PORTUGAL'S vital tourism industry is picking up after last year's slump, but although more foreign holidaymakers are flocking to the beaches, industry experts say they are spending less. The economic recovery in Britain and the first signs of new growth in Germany and France
      Reuter  -  586 words
    • Article
      Lock icon May the evil force be with you
      323 11 CHATTERBOX AP AP AP UPI GIVEN a choice, James Earl Jones prefers the forces of evil over the forces of good. At least when he's choosing movie roles. In real life, though, the man who provided the voice for Darth Vader decries the
      AP; UPI  -  323 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      109 11 The fresh. Approach Restaurant Raphael Restaurant Raphael The ultimate in continental dining admidst elegant ambience. Indulge in a sumptuous spread of FRESH OYSTER, SALMON, COLD CUTS, SALAD, DESSERT and many other delectables at only 5515.00. Alternatively, you have an option of ordering a main course from a menu which includes
      109 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1236 11 TV RADIO of Mackenzie Country. But Jb '"JiiMM time could be running out for Hy, Lot, cover that the vampires were .&M& rampant in the first movie arc They say a secret is something you tell one other person." Peter back again. Strauss finds out the hard way as Peter
      1,236 words
Page thumbnail Page 12
  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      It's boom time for home sales in Indonesia
      551 12  -  New accounting rules delay profits from showing up in company's books this year, reports Maggie Ford Maggie Ford Residential property companies in Indonesia are enjoying a boom as lower interest rates bring buyers in search of new homes in suburban developments and
      551 words
    • Article
      Aussie hotels set to enjoy higher occupancy, rates
      390 12  -  By A J Leow Australian hotels are expected to enjoy higher occupancy and room rates in the months ahead, says property company Colliers Jardine. The firm says in its recent annual report on Australian hotels and tourism that a 15.1 per cent
      390 words
    • REGIONAL SKYLINE
      • Article
        Taiwan builder to raise funds abroad
        74 12 TAIPEI Kaoshiung-based builder and developer Chang Ku has obtained permission from the Securities and Exchange Commission to raise US$5B million (5588.7 million) through an overseas bond issue in the third quarter of this year. Chang Ku will use two-thirds of the proceeds to buy
        74 words
      • Article
        Westin hotels' new rates
        51 12 SINGAPORE The Westin Stamford and Plaza hotels in Singapore have revised their room rates. Prices now range from $270 for a deluxe room to $330 for an executive club room in the 1,251-room Westin Stamford, while the 794-room Westin Plaza charges $295 to $355 for a
        51 words
      • Article
        US estate agent in HK franchise bid
        57 12 HONGKONG US real estate company Century 21 plans to set up 50 franchised outlets in Hongkong by the end of the year, with another 30 to 50 in 1995. The franchisees will own the businesses, while Century 21 will provide training, market research,
        57 words
      • Article, Illustration
        Second Park Inn hotel in Indonesia
        78 12 JAKARTA San Francisco-based Park Plaza International Hotels and Resorts will operate the Park Inn hotel in Jakarta, scheduled to open by November next year. The 210-room midmarket hotel, owned by PT Guntur Madu Tama, will be Park's second in Indonesia, after the 270-room luxury
        78 words
    • Article, Illustration
      Lock icon Free ride awaits Bangkok condo buyers
      594 13 Saturated property market leads to car-for-a-house scheme, but Thais are not jumping at the 'irresistible offer' as there are weightier considerations to bear in mind The Nation Bangkok Land pic (B-Land), the giant property concern, is making an "irresistible offer" a free car to
      The Nation  -  594 words
    • Article
      Lock icon Lot of the condo owners — no room for cars
      494 13 Lot of the condo owners no room for cars The B-Land offer may create havoc for the residents and the traffic authorities, argue real estate sources The Nation HOME buyers in Bangkok Land's (B-Land) condominium projects may face parking problems, leading property developers warn. In the worst-case scenario, residents may
      The Nation  -  494 words
    • Article
      PROPERTY WATCH
      325 13 Selected transactions in the past week SSI* i~»i 11*. ijsarj*-! PHtVATE May 30,1994 1128 Hitaest Arcadia Condo 1711 99 705,000 412 May30,1994 2057 Marymount View Condo 1260 FH 808,000 641 May 30,1994 2159 Semi-d 3400 (3860) FH 1,840,000 476 May 30,1994 0315 The Anchorage Condo 1464 FH 983,000
      325 words
    • Article
      Lock icon HK office rents soften after heady April
      335 13 Knight-Ridder Hongkong office rent increases in Hongkong's key business districts returned to normal in May following April's sharp spike upwards. The Vigers Knight-Kiddcr Property Index, released yesterday. shows rents in the central business district rose to an average of HK579.9 per square foot
      Knight-Ridder  -  335 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      337 12 j mp '•18». Ei s.j& AbH PbP>th ij L\| t H J3 LI r 1 Vlh B Jfff «grg^_ S*\ fck. I This krtchan hat baan fitted with a ConarP ona-ptaca countartop and sink (Modal 872) in Camao Whtta A Corian® one-piece countertop and sink saves you work. (With our
      337 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      151 13 Next stop on the information highway '< > L I Singapore Press Holdings' Shine service on Teleview has something of interest for everyone. Stay informed With Shine's news and information. Keep track of current affairs, business, lifestyle, health, investing, sports, technology and more. Be delighted and entertained By interesting articles
      151 words
Page thumbnail Page 14
  • Article
    Enlarging Indonesia's pie
    502 14 EDITORIAL JAKARTA'S surprise packagc to deregulate foreign investment in the country has been warmly welcomed by companies already active in Indonesia as well as those which can see the country's vast potential but have yet to make a move. Not only does it place Indonesia in a
    502 words
  • WHAT THE OTHERS SAY
    • Article
      National to global security
      341 14 IT IS a truism to say that the end of the Cold War has so far failed to realise hopes of a new world order in which material welfare is enriched by moral values. Instead, while the leading exponents of Western civilisation seem incapable of extricating
      341 words
    • Article
      Building friendship
      106 14 RECENTLY, Johor Mentri Besar Muhyiddin Yassin pointed out that there was no guarantee that the present strong bilateral ties between Singapore and Johor could be sustained. He was concerned that the relationship between Johor and Singapore may erode in the future unless young people on both sides of
      106 words
    • Article
      Sanctions against Pyongyang
      124 14 SOUTH KOREA requested yesterday that the Security Council set a final deadline for North Korea to open its nuclear facilities for lAEA inspection, or face economic sanctions from the world. This is a proper and reasonable demand, for North Korea has been testing the patience of the
      124 words
    • Article
      June 4 remembered
      156 14 AS THE WORLD focuses on China for the fifth anniversary of the June 4 massacre, Beijing has ordered hotels to pull the plug on CNN television broadcasts and tried to divert domestic attention elsewhere. Chinese officials complain of the West's obsession with Tiananmen and the crushing of
      156 words
    • Article
      A more efficient civil service
      150 14 PROBABLY the most revolutionary political re-defini-tion wrought by democracy and economic growth has been on the role of government. The apparatus of the state used to simply command and run the country; today, it exists to serve its beneficiaries, the people. Because the popular vote
      150 words
    • Article
      Democracy's time in China
      157 14 THE fifth anniversary of the bloody Tiananmen Square crackdown has brought no reprieve for the democracy movement in China. Hundreds and perhaps thousands of Chinese dissidents linked to the uprising remain incarcerated or are still on the run. Over-cautious Chinese authorities bent on making the anniversary
      157 words
  • Article, Illustration
    Spotless Blair is as good a target as any
    925 14  -  Neville Stack tells how media cannons are already trained on a possible Labour PM Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE NEWSPAPERS are already programming their laptops for the man whom
    925 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      49 14 From HDB to Bungalow I illiiS GET IT NOW ■lIIMIIIMIII'IiiIIJ.U sT i I I ONLY $3.50 Available at Newsstands Times the Bookshop NTUC Supermarkets 7-Eleven stores STOP PRESS kiosks Browse Buy at post offices Shell Esso Caltex Mobil SPC BP. Published by Times Periodicals, member of Singapore Press Holdings
      49 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      42 14 UXDOLD NCU Utt£.\f ONE- fULLCJUP PuuS IS »r TC >r tn twfe. L\<£.TMPvT p) f pSLy J \SQGGY B»SCUITS.... .^y {m>4tl 1 POOWESBURY GARRY TRUDEAU SMOKJN6NOUJ, HP/, LISTEN, NO! I'M I 1 MCCUPitT |w/< I yOU'&6AY, HAPRLT MAR.- W AAaor THOUGHT J
      42 words
Page thumbnail Page 15
  • ANALYSIS
    • Article, Illustration
      Taiwan's southward thrust gains impetus
      1465 15 Cheyne Chiu became the new Taipei Special Representative to Singapore in April. A career diplomat, Mr Chiu's posting here as Taiwan's de facto ambassador comes after his stint as the deputy secretary-general of the Straits Exchange Foundation Taipei's quasi-ojficial body which handles relations with China.
      1,465 words
    • Article
      Shift in global balance does not alter Eurocentric bias in America
      1218 15  -  Leon Hadar explains why Asian countries and happenings attract little media interest Leon Hadar The writer is BT's Washington correspondent INDIAN Prime Minister Narasimha Rao was in the US a week ago. But very few Americans would have learned
      1,218 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      245 15 NEW BRANCH N<M OPEN IN BRUNB__\ Give Your Face a Ree Executive Treatment 0 Since Men's Skin Center introduced The Executive Treatment many men have experienced the pleasure and confidence that comes from having their skin "groomed" with the same attention they give to their hair and the rest of
      245 words
Page thumbnail Page 16
  • Article
    Lock icon Kantor says economic powers agree WTO summit's not for S'pore
    522 16 Reuter PARIS On the heels of a caning furore that pitted the United States against Singapore, US Trade Representative Mickey Kantor said yesterday that the four big economic powers agree the Republic should not host a prestigious world trade summit.
    Reuter  -  522 words
  • Article
    Lock icon North Korea warns of war as sanctions blueprint takes shape
    293 16 Reuter, AFP SEOUL North Korea yesterday intensified warnings that sanctions would make a "merciless" war inevitable as the United States, Japan and South Korea pushed ahead with a blueprint for just such action against the isolated regime. "Sanctions are immediately
    Reuter,; AFP  -  293 words
  • Article
    Lock icon US says partial deal with Japan better than no deal
    552 16 Washington displays new pragmatism in economic policy Reuter PARIS Reflecting a new pragmatism in American economic policy, US Trade Representative Mickey Kantor yesterday said that it would be "immature" to reject a partial trade deal with Japan. Mr Kantor who
    Reuter  -  552 words
  • Article, Illustration
    Lock icon Clinton pays eloquent tribute to D-Day heroes
    370 16 Reuter, AP UTAH BEACH, France United States President Bill Clinton yesterday paid eloquent tribute to the heroes of D-Day on behalf of his postwar generation and pledged their sacrifice on Normandy's beaches 50 years ago would not be in vain. "We commit ourselves,
    Reuter,; AP; Reuter  -  370 words
  • Article
    Lock icon HKSE hesitation unlikely to dampen interest in warrants
    397 16 Reuter HONGKONG Strong retail investor interest in warrants is tempting issuers to come up with more innovative issues, and the Hongkong Stock Exchange's decision last Saturday to delay approving a new derivative is unlikely to dampen the market, say analysts. The Hongkong
    Reuter  -  397 words
  • Article, Illustration
    Can America ever regain its moral leadership?
    761 16  -  The Bottom Line CRAIG COPETAS CRAIG COPETAS The writer, a Paris-based journalist, filed this commentary for B T from Omaha Beach, Normandy FIFTY years after about 3,000 United States soldiers, on their way to liberate Europe, died along the coast here in Normandy,
    761 words
  • Article
    Lock icon Anwar calls for new security framework in Asia-Pacific
    188 16 The Straits Times KUALA LUMPUR Malaysian Deputy Prime Minister Anwar Ibrahim yesterday called for a new security framework in the Asia-Pacific region that would put to rest mutual suspicions and past rivalries. The Cold War security arrangements were a product of World
    The Straits Times  -  188 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      276 16 Nitsuko M^3 Digital Key phone Systems M Leading Edge Technology NO MANDARIN? KNOW MANDARIN.' FLEXI-HOUR IN-HOUSE TEACHINQ AT YOUR OFFICE ||1| Expat? Singaporean with little Mandarin? |||1 Need conversational Mandarin for business Ipl in China? fill Our special Mandarin programme may be 111| what you are looking for. fill OUR
      276 words
    • Advertisement
      Page 16 Advertisements Column 2
      24 16 Distributor: Jet: 1H nii raw 170 7Q Q 0 Singapore Communications Equipment Co Rte ltd l 0A i fc/w I V¥ w Qialily Service
      24 words
Page thumbnail Page 17
  • COMPANIES & MARKETS
    • Article, Illustration
      S'pore Telecom invests $50m in a bigger, faster Teleview
      504 17  -  By Claire Leow SINGAPORE Singapore Telecom is investing $50 million in a new Teleview system which provides on-line videotext information. The new system, started last week, is eight times faster than the previous system, has a larger database and will accommodate
      504 words
    • Article
      JC-MPH bounces back from the red with $17m profit
      324 17  -  By Shiv Taneja SINGAPORE Jack ChiaMPH Ltd has returned to the black with a net profit of $16.9 million for the year ended March 31, 1994, compared with a loss of $5.1 million previously. The group achieved a higher pre-tax profit
      324 words
    • Article
      Tuan Sing unit's Jakarta venture
      118 17 SINGAPORE Listed property group Tuan Sing Holdings has joined forces with four other parties to buy and develop a US$63 million (SS96 million) residential site in Jakarta. Tuan Sing, linked to Indonesia's Nursalim group, said yesterday its wholly owned subsidiary Avenbury Properties had taken a
      118 words
    • Article
      Indonesians Sekar Bumi sees future in frozen foods
      779 17  -  HOCK LOCK SIEW By William Chia SINGAPORE Indonesia's largest shrimp and cashew nut exporter, PT Sekar Bumi, has mapped out a comprehensive plan to transform itself from an agri-prod-uct supplier into a maker and distributor of frozen food. Sekar Bumi, set up
      779 words
    • Article
      Sea View surges 26pc as hotel stocks hold sway
      491 17  -  By A J Leow SINGAPORE Hotel stocks continued to lead the way on the local bourse with three hotel counters among the top 10 gainers yesterday. Sea View continued its upward surge, having already surged by 26 per cent or $2.10
      491 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        39 17 Mixed Market Mood' indicates the likely trading sentiment today, based on briers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Baring. Daiwa. Morgan Grenfell. Xomttra. Phillip. Smith Nen Court. WI Carr and Warburg.
        39 words
      • Article, Illustration
        HOT STOCK
        143 17  -  -By Teh Hooi Ling Sea View Hotel put on $2.45 in the last four sessions to close at $11.10 yesterday. Although volume was a healthy 105,000 shares yesterday, against the 10-day average of 51,000, the price surge is a bit too fast, too soon. All indicators are pointing
        143 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Orchard Parade shares suspended
          56 18 SINGAPORE Orchard Parade, the listed vehicle of Ng Teng Fong, was suspended from trading yesterday. A statement yesterday said the stock exchange was asked to suspend Orchard Parade shares immediately, pending an announcement to be made shortly. The statement, dated June 4, was issued by Citicorp
          56 words
        • Article
          L&M acquires 49pc of new Thai firm
          66 18 SINGAPORE Specialist contractor L&M Group Investments announced yesterday that it has bought a 49 per cent stake in LMH Thailand, or 2,480 shares, for a total of *****,000. LMHT is a newly incorporated company with registered and paid-up capital of 5,089 shares with
          66 words
        • Article
          S'pore Computer Systems buys US firm
          69 18 SINGAPORE Singapore Computer Systems, a subsidiary of Singapore Technologies Industrial Corp, said it now has a whol-ly-owned US subsidiary, SCS Systems. The local company subscribed for four million shares of 25 US cents each in SCS Systems for a total of US$lOO,OOO (S$ 153,000).
          69 words
        • Article
          NatSteel gets HDB steel deal
          51 18 SINGAPORE Nat Steel said yesterday it has concluded negotiations with the Housing and Development Board for the supply of steel bars to the board between April 1 this year and March 31, 1997. Nat Steel will meet most the HDB's steel bar requirements in the
          51 words
        • Article
          Marco Polo shareholders endorse lease
          47 18 SINGAPORE Marco Polo Developments shareholders gave approval at an extraordinary general meeting yesterday for wholly owned subsidiary Everbilt Developers to lease the five-storey podium block and two basement floors of Lane Crawford Place, Orchard Road, to department store group Lane Crawford (S).
          47 words
        • Article
          Lock icon OYL unit in China air-con venture
          64 18 MBT KUALA LUMPUR OYL Industries Bhd's wholly-owned subsidiary, OYL Overseas Ltd, has entered into an agreement with China Welfare Enterprise, East China Import and Export Corporation and Guoco Investments (China) Ltd to set up a joint-venture company in China, Shanghai OYL Welfare Air Conditioning
          MBT  -  64 words
        • Article
          Lock icon Call to outlaw San Miguel strike
          41 18 AFP MANILA San Miguel Corp has asked the Philippine labour department to outlaw a wildcat strike that hit several of its plants, the department's National Labour Relations Commission and San Miguel officials said yesterday. AFP
          AFP  -  41 words
        • Article
          Lock icon Union Paper posts M$70,000 profit
          55 18 Bernama KUALA LUMPUR Union Paper Holdings Bhd has reported a group operating pre-tax of M 570,000 (5541,300) for the six months ended Feb 28, down 88 per cent from M 5583,000 before. The company said group turnover was M 52.61 million, down 27 per cent
          Bernama  -  55 words
      • Article
        UNIT TRUSTS & FUNDS
        509 18 UNIT TRUSTS FUNDS ■I—Bin' price* Jun 7 UMB Invest Mgt Ltd t a Unifund 1.43 1.49 Singapore unn irusi umbond»- 1.02s 1.055 The Commerce 1.64 l.74xd United Gr Fund 1.67 1.73 The Savings Fund 1.53 1.62 United Asia Fund 1.66 1.76* S'porc Prog Fund 0.69 0.73 S-pore See Fund 1.03
        509 words
      • Article, Illustration
        PT Ever Shine in 1-for-2 rights issue to raise 70b rupiah
        498 18  -  By William Chia SINGAPORE Indonesia's largest rayon fabrics producer. PT Ever Shine Textile Industry. is planning a one-for-two rights issue to raise around 70 billion rupiah (5550.9 million). Company president director Sung Pui Man, who was in Singapore for
        498 words
      • Article, Illustration
        Lock icon Malaysia revs up Proton export drive
        399 18 AFP SHAH ALAM Malaysia is to step up exports of its national car, the Proton, which has 74 per cent of the local market, using such strategies as count-er-trade to gain access to poor countries, Prime Minister Mahathir Mohamad said yesterday. "The success of
        AFP  -  399 words
      • Article
        Thailand's biggest builder to float 25m new shares
        255 18 BANGKOK Italian-Thai Oevelopment Corp, the country's largest construction company, plans to float new shares to the public, at between 150 baht and 185 baht apiece, in order to raise new capital of 3.7 billion baht (***** million) to 4.6 billion baht. The
        255 words
      • Article
        Lock icon Bank Islam unit identifies stocks for trading
        435 18 MBT KUALA LUMPUR BIMB Securities Sdn Bhd, poised to launch Islamic stockbroking soon, has identified 230 stocks on the Kuala Lumpur Stock Exchange (KLSE) that it can deal in. The list is slightly more than half the 424 companies listed on the exchange.
        MBT  -  435 words
      • Article
        Proposal to sell plywood firm to Berjaya Textiles
        472 18  -  From Ho Kay Tat in KUALA LUMPUR SARAWAK timber tycoon Tiong Hiew King plans to inject more assets into Berjaya Textiles Bhd by selling a plywood company he owns, Rimbunan Hijau Plywood Sdn Bhd (RHP), to Berjaya Textiles for M$ 143.688 million
        472 words
      • Article
        Thaitoy plans listing to raise 150m baht for expansion
        364 18 BANGKOK Thaitoy plans a listing on the Stock Exchange of Thailand within the next two years to raise more than 150 million baht (Ss9 million) for an expansion project which is aimed at capturing growing export markets in the US, Europe
        364 words
      • Article
        Lock icon KL securities body chief calls for single clearing house
        172 18 Bernama KUALA LUMPUR A single clearing house should be set up soon to facilitate the trading of financial futures in Malaysia, the chairman of the Securities Commission, Munir Majid, said here yesterday. Dr Munir said as long as a single clearing
        Bernama  -  172 words
      • Article
        NEC to raise procurement of foreign-made parts
        268 19  -  By Claire Leow SINGAPORE The strong yen has prompted Japanese electronics giant NEC to increase overseas procurement of parts and materials to US$l.45 billion (552.21 billion) this fiscal year. NEC will also set up a sixth international procurement office in China. A spokesman
        268 words
      • Article
        China stock market worth US$1 trillion by 2000: expert
        319 19  -  From Florence Chong in SYDNEY THE combined capitalisation of China's stock markets is likely to grow from the present US$2 billion to US$l trillion by the year 2000, predicts an Asian equities market specialist, Timothy Beardson, chairman of Crosby Asset Management.
        319 words
      • Article
        Lock icon HK securities watchdog suspends trade in MKI shares
        240 19 Bloomberg Business News HONGKONG Regulators here have suspended trade in the shares of a small Hongkong investment company, MKI Corp. Securities and Futures Commission spokesman Patrick Leung said the regulator wants to know why MKl's share price has soared and why the
        Bloomberg Business News  -  240 words
      • Article, Illustration
        Taiwan's FIC pours big bucks into chip, notebook business
        297 19  -  From Joseph Rajendran in TAIPEI TAIWAN electronics giant First International Computer has plunged into the PC notebook and chip business to boost growth. The chairman of the Tai-pei-based company, Ming Chien, said yesterday the firm was pumping big bucks into R&D
        297 words
      • COMPANY BRIEFS
        • Article
          Lock icon Japan firms' profits seen up 17pc
          103 19 Reuter lOKYO Japanese corporations' profits will rise an average of 0.1 per cent in the year to March 1995, but will rise 16.6 per cent in 1995/96, a Kokusai Securities Co Ltd survey shows. The expected two-digit growth in 1995/96 current profit is attributed
          Reuter  -  103 words
        • Article
          Lock icon Teijin, Dupont in Japan, HK ventures
          80 19 AFP lOKYO Japanese textile manufacturer Teijin Ltd yesterday announced plans to set up two insulating material ventures in Japan and Hongkong this month with US company EI Du Pont de Nemours and Co. The Japanese venture, Dupont Teijin Advanced Papers (Japan) Ltd, will be
          AFP  -  80 words
        • Article
          Lock icon ABB wins HK airport bridge job...
          107 19 AFP HONGKONG Swiss-Swedish conglomerate Asea Brown Boveri Ltd (ABB) said yesterday it had been awarded a HKS2B9 million (5556.6 million) contract for a major bridge project linking Hongkong's multi-billion dollar new airport with the territory's urban areas. The agreement between ABB and the Hongkong
          AFP  -  107 words
        • Article
          Lock icon ... and Kumagai lands underwater link
          95 19 and Kumagai lands underwater link AFP TOKYO Japan's Kumagai Gumi Co Ltd said yesterday its joint venture with Britain's Tarmac Construction Ltd had won a HKSS99 million (Ssl 17 million) contract to build an underwater railway tunnel in Hongkong. Under the contract with the British colony's Mass Transit Railway Corp
          AFP  -  95 words
      • Article
        Lock icon Investors snap up last of China's first round listings in HK
        181 19 AFP HONGKONG Investors showed renewed faith in China's "red chips" yesterday, with shares in Dongfang Electrical Machinery Co, the last of the first batch of state firms to list here, surging 12.3 per cent on debut. Offered at HKS2.B3,
        AFP  -  181 words
      • Article
        Lock icon Hint of Indian firms rigging prices ahead of overseas issues
        497 20 Reuter BOMBAY Indian companies appear to manipulate the price of their domestic shares before raising capital on international equity markets to get a better overseas price, an independent research centre said yesterday. The Centre for Monitoring the Indian Economy (CMIE),
        Reuter  -  497 words
      • Article, Illustration
        Lock icon Office of Fair Trading to investigate market-making on London bourse
        392 20 FT LONDON Sir Bryan Carsberg, director-general of fair trading, has launched a new inquiry into the practice of market-making on the London Stock Exchange (LSE), under which stockbroking firms buy and sell shares in publiclyquoted companies. The Office of Fair
        FT  -  392 words
      • Article
        Lock icon GEC-Alsthom studies further acquisitions
        192 20 Bloomberg Business News PARIS GEC-Alsthom is studying potential acquisitions in Asia and the Americas after the Anglo-French engineering and transport equipment last week bought a 51 per cent stake in German train and tram manufacturer Linke-Hof-mann-BuschGmbH, the director of GEC-Alsthom Transport told La Tribune Desfosses. The
        Bloomberg Business News  -  192 words
      • Article
        Lock icon GE Plastics to build US$50m plant in Guangdong
        211 20 Bloomberg Business News PITTSFIELD, Massachusetts United States firm GE Plastics says it will build a US$5O million (5576.5 million) manufacturing plant in China to serve a growing market for thermoplastics used in a wide range of products from computers to cars. The
        Bloomberg Business News  -  211 words
      • Article, Illustration
        Lock icon Coles Myer shares dive on talk Kmart may sell stake
        520 20 Reuter MELBOURNE Shares in Australia's largest retailer, Coles Myer, sank to a three-year-low yesterday despite efforts to stem speculation Kmart Corp will sell its stake worth more than Asl billion (S$ 1.13 billion). Analysts said investors were sceptical about statements
        Reuter  -  520 words
      • Article
        Lock icon Dasa aims to forge closer aerospace ties in Europe
        390 20 Reuter BONN Deutsche Aerospace AG (Dasa) says it has nearly completed a big restructuring programme and is concentrating on forging closer ties among European manufacturers. Dasa chairman Juergen Schrempp told yesterday's Die Well newspaper that the group was prepared to give
        Reuter  -  390 words
      • Article
        Lock icon Wal-Mart to open stores in Brazil, Argentina
        202 20 Bloomberg Business News BENTONVILLE, Arkansas Wal-Mart Stores Inc says it will expand into Argentina and Brazil, with the first stores expected to open there next year. Wal-Mart will own and operate its stores in Argentina, with the first Wal-Mart supercentre and Sam's Club
        Bloomberg Business News  -  202 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        ADB setting up US$1b infrastructure fund
        494 21  -  By Soh Tiang Keng SINGAPORE The Asian Development Bank will set up a US$1 billion (SS1.53 billion) fund in the second half of this year to provide long-term equity capital to finance large infrastructure projects in Asia. Gunther Schulz, ADB's vice-president for finance and
        494 words
      • Article
        Lock icon Japan's fledgling derivatives market suffering from growing pains
        574 21 Reuter TOKYO Derivatives have a bright future in Japan, but the fledgling market has some problems to overcome before it catches up with more developed markets overseas. "(The problem) comes down to regulatory issues and investor behaviour." said Ray Espineli, a manager
        Reuter  -  574 words
      • Article
        Lock icon Telekom identifying banks for Eurobond issue
        259 21 Bernama KUALA LUMPUR Telekom Malaysia Berhad is in the midst of identifying the merchant banks for its US$3OO million (***** million) Eurobonds, said its executive chairman, Mohd Rashdan Haji Baba. "We are in the process of selecting and evaluating a local and a foreign
        Bernama  -  259 words
      • Article
        Lock icon Bapindo signs US$50m loan facility
        172 21 Reuter JAKARTA Indonesia's PT Bank Pembangunan Indonesia (Bapindo). through its Hongkong branch, has signed a twoyear, USSSO million (5576.5 million) transferable term loan facility, the bank said. The syndicated facility was arranged by the Arab Bank pic in Singapore and will be used to strengthen
        Reuter  -  172 words
      • Article
        Investment-linked insurance policies tipped as trend in Asia
        355 21  -  By Soh Tiang Keng SINGAPORE A future scenario for investment products and opportunities in the Asian insurance industry was sketched yesterday by a top executive of Canada's Manulife Financial. Joseph Mounsey. the company's senior vice-president for international investment, said investment-linked life policies
        355 words
      • SMALL CHANGE
        • Article
          Lock icon Inchcape in Viet insurance venture
          82 21 Reuter HANOI Britain's Inchcape Insurance Services has launched a joint-venture brokerage with the state-owned Vietnam Insurance Company (Bao Viet). Inchcape officials said. The company, Inchinbrok. is the first joint venture formed by Bao Vict with a foreign firm since its monopoly on insurance services was
          Reuter  -  82 words
        • Article
          Lock icon Cheng Loong seeks to raise US$70m
          84 21 Bloomberg Business News TAIPEI Cheng Loong Co, one of Taiwan's largest paper producers, has applied to the Securities and Exchange Commission to raise USS7O million (SSIO7 million) overseas through a bond sale, the commission said. Cheng Loong plans to use the funds to purchase
          Bloomberg Business News  -  84 words
        • Article
          Lock icon C Lyonnais won't back Apollo plan
          116 21 Bloomberg Business News NEW YORK The US investment firm Apollo Advisors' top investor. Credit Lyonnais. has declined to back Apollo's latest plan to raise US$l billion (551.53 billion), the Wall Street Journal Europe reported. Unsubstantiated reports on Wall Street said that the move by
          Bloomberg Business News  -  116 words
        • Article
          Lock icon Exim Bank announces Euroyen issue
          99 21 AFP TOKYO The Export-Import Bank of Japan announced yesterday its second Euroyen bond issue, raising 30 billion yen (Ss43B million) over nine years and four months. The offering carries a coupon of 4.375 per cent and an issue price of 101.75 per cent of the
          AFP  -  99 words
      • Article
        Lock icon Bank of East Asia to launch HK$1b seven-year bonds
        264 21 KnightRidder HONGKONG Bank of East Asia is preparing to launch HK$l billion (Ssl9o million) worth of seven-year step-up bonds, traders and investment bankers said yesterday. Under the step-up structure, the bonds carry a coupon of 7.25 per cent for the first
        Knight- Ridder  -  264 words
      • Article, Illustration
        Lock icon No boom, but oil industry still has plenty of vroom
        576 22 Reuter STAVANGER Oil industry leaders at the World Petroleum Congress here last week weren't downhearted. Prices, even with the recent rally, may still be around their lowest in real terms since the 1973 Arab oil embargo. But the message was
        Reuter  -  576 words
      • Article
        Lock icon Aussie firms cut down on offshore exploration
        269 22 Platts SYDNEY The high level of offshore oil and gas exploration forecast by Australian companies in mid- to late-1993 has been pruned, according to a new survey by the Australian Petroleum Exploration Association. Apea said that companies have deferred some marginal wells for
        Platts  -  269 words
      • Article
        Lock icon Mobil to start drilling in South China Sea
        375 22 Bloomberg Business News HO CHI MINH CITY Mobil Corp will proceed with plans to drill the Blue Dragon region in disputed waters in the South China Sea this August, said Mobil Vietnam vicepresident Quang Le, dismissing speculation that the company will delay
        Bloomberg Business News  -  375 words
      • Article, Illustration
        Lock icon India may become one of the largest jewellery producers
        294 22 Bloomberg Business News NEW DELHI India could become one of the world's largest and most important jewellery producers, said the World Gold Council after opening its first office in the country. "India must be the single largest gold jewellery market in
        Bloomberg Business News  -  294 words
      • Article
        Lock icon Saudi Arabia sees no need for September Opec session
        199 22 Reuter LONDON Saudi Arabia at present sees no need for Opec to hold the usual September session of its ministerial monitoring committee, a Gulf source said yesterday. The September session usually sets quotas for the fourthquarter but Opec's present quota agreement
        Reuter  -  199 words
      • Article
        Lock icon Japanese partners want Indon govt to help bail out smelter project
        245 22 Knight-Ridder TOKYO Japanese jointventure partners in the PT Indonesia Asahan Aluminum (PT Inalum) smelter, including the Japanese government, will ask Indonesia to help fund a bailout of the financially troubled project, according to a senior official with PT Inalum.
        Knight-Ridder  -  245 words
      • Article
        Lock icon New York
        90 22 AFP NEW YORK The dollar was mixed in quiet early Wall Street trading yesterday. The ounce of gold meanwhile was up USjl.7o from its Friday close at US$379. Several minutes after trading opened, the greenback was at 1.6700 marks against 1.6694 marks at Friday's close and at 105.43
        AFP  -  90 words
      • Article
        Lock icon Currency Reports:London
        189 22 Bloomberg Business News LONDON The dollar slipped against the deutsche mark yesterday as traders cashed in on Friday's rally rather than extend those gains on the back of higher Treasury bond prices. Analysts said the dollar is likely to change little until the May US producer price index
        Bloomberg Business News  -  189 words
      • Article
        Prices fall as IEA cuts forecast for Opec oil demand
        182 22 Bloomberg ENERGY REPORT LONDON Oil futures fell after the International Energy Agency revised down its forecast for demand for oil from the Organisation of Petroleum Exporting Countries in 1994. The forecast, known as the implied call on Opec oil, was
        182 words
      • Article, Illustration
        Untitled
        1492 22 I nnh'-nnxhifi/ cukiilahil again\t S'pnr'\ tof) 14 trailing itirtnrn Hum? >*ur I9S< US$/S$ forward rates Noon June 6 s$ Bid Oder 1-month 1.5356 1.5371 2-month 1.5351 1.5366 3-month 1.5346 1 5361 6-month 1.5335 1.5355 Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sam on June I: Singapore dollars to one
        1,492 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Waning rate hike fear lifts Eurodollar
        1344 23 9MKX REPOICk| Reuter SINGAPORE Simex Eurodollars ended slightly firmer yesterday, boosted by a view that further Ua interest rate hikes were some way off. Traders said the market gained support from a report in the New York Times that Federal Reserve officials had concluded
        Reuter  -  1,344 words
      • Article
        KL tin sinks 11 sen to M$14.15
        631 23 COMMODITY REPORTS Tin TIN closed 11 sen lower at MS 14.15 akg yesterday after falls in London last week. Initial high offers, because of weekend accumulation by miners, dampened sentiment, traders said. "Trading is unlikely to improve in next few days." one said,
        631 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Saudis raise crude oil price formulas
          111 23 LONDON Saudi Arabia's state oil company Saudi Aramco has raised its crude term contract price formulas for Arab Medium and Arab Heavy crudes in July to European customers, customer sources said. The formula for Arab Light was left unchanged. The Arab Light crude formula
          111 words
        • Article
          M'sia palm oil output tipped to drop
          153 23 KUALA LUMPUR Malaysia's crude palm oil output is expected to drop to 1.73 million tonnes in April-June from 1.853 million a year earlier, the US agricultural attache said in a report. The report noted that trees are showing signs of "stress", resulting from
          153 words
        • Article
          China curbs copper speculation
          87 23 TOKYO Chinese government crackdowns on speculative trading in China have seriously curtailed futures trading in copper at the Shanghai Metal Exchange (SHME), according to industry sources. The government moves are also limiting imports of copper ingot and are expanding imports of finished copper products, they say.
          87 words
    • Article
      COMMODITY PRICES
      1378 23 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 94 159.00 156.75 158.75 950 2650 Aug 157.00 1150 Sep 155.50 155.50 155.00 50 2975 Oct/Dec 153.00 153.00 155.00 450 8325 Jan/Mar 155.50 154.75
      1,378 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1438 24 -6.1 AUSTRALIAN stocks fell yesterday, led by gold-mining shares. Announcements by a leading brewer and a major retailer aimed at boosting their ailing share prices did little to restore investor confidence, traders said. The All Ordinaries index fell 6.10 points to 2,072.5. "It's June sentiment. It's always like this
        1,438 words
      • Article
        Manila
        609 24 •38.11 The Philippine stock market tumbled yesterday, due partly to investors stocking up funds for the mammoth SM Prime Hold- ings initial public offering and because of the strike affecting 10 plants of the blue-chip San Miguel Corp. The composite index fell by 1.25 per cent to 3,022.07 points,
        609 words
      • Article
        Taipei
        548 24 +37.92 Tawian share prices ended up but off highs as late profit-tak-ing emerged and brokers said the market would consolidate around current levels amid the high level of outstanding margin loans. The weighted index ended 37.92 points up at 6,077.25, off an intra-session high of 6,118.69. Turnover rose to
        548 words
      • Article
        Seoul
        367 24 dosed The Seoul stock market was closed for a public holiday yesterday. Trading resumes today. The composite stock index fell 12.17 points, or 1.29 per cent, to 930.26 on Saturday. Seoul Ju 3 V\on(DO) VT Ankuk Insurance 22*0.00 4- MOO kuatrmrnl lift 00 100 Bait >anf »4000 2500 Bank
        367 words
      • Article
        Bombay
        264 24 +56.29 Stock prices ended higher on selective buying by foreign institutional investors, with auto and computer shares in the limelight, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 4,109.52, up 1.39 percent or 56.29 points. The 100-share national index closed at a provisional 1,944.04, up
        264 words
    • WORLD STOCK MARKETS
      • Article
        London
        704 24 11.6 UK stocks rose for the third straight session as Friday's lowcr-than-cxpected US employment figures for May eased concern that inflation was about to revive. A report in the New York Times, in which three governors of the US Federal Reserve system said they believe no further interest rate
        704 words
      • Article
        Paris
        153 24 -4.59 French stocks ended lower amid investors' uncertainty as they switched their focus from interest rates to the state of the economy and individual companies. The CAC 40 Index of blue-chip stocks fell 4.59 points to close at 2,037.15, with dcclincrs outnumbering advancers by 20 to 17 while three
        153 words
      • Article
        Stockholm
        115 24 10.34 Swedish shares closcd higher after strong gains in selective stocks such as vehicle group AB Volvo and pharmaceutical group AB Astra. Astra and Volvo accounted for more than half of the 10.34 points advance to 1,146.83 in the OMX 30share Index. Astra led by rising four kronor to
        115 words
      • Article
        Frankfurt
        208 24 +4.71 German stocks closcd little changed as bond prices fell. The DAX index of 30 key German shares closcd the post-bourse electronic trading session at 2,163.07, practically unchanged from the afternoon's floor closing. Over the day as a whole, the DAX gained a mere 4.71 points. A steep fall
        208 words
      • Article
        Brussels
        173 24 +8.7 Belgian stocks rose as bond yields fell but trading was light, traders said. The Bcl2o index of leading shares closed up 8.70 points at 1,466.26. Around 156,000 shares changed hands, about half the average volume. The yield on the tenyear government benchmark bond remained steady all day and
        173 words
      • Article
        Milan
        124 24 103 Italian stocks closed higher as telecom shares gained in otherwise light trading. The Mibtel index closed up 103 points at 11,812. State-owned telecommunications stocks Socicta Italiana per L'Eserrcizio dcllc Telccomunicazioni SpA, or SIP, closed up 110 at 4,380. Socicta' Finanziaria Tclfonica SPA, or STET, closed up 115 at
        124 words
      • Article
        Amsterdam
        294 24 +4.27 Dutch stocks closed higher as healthy earnings prospects boosted financial stocks and the strong dollar sparked interest in blue chips such as Philips Electronics NV. Traders said they believe the Dutch market has bottomed out from its recent declines and say further gains arc expected later this week
        294 words
      • Article
        Zurich
        269 24 +53 The main Swiss stock index rose as US economic figures and a stronger dollar dispelled speculation that US interest rates will rise soon. The Swiss Market Index, or SMI, which tracks the top 21 stocks, gained 53.0 points, or 1.94 per cent, to 2,781.4, with 18 stocks rising,
        269 words
      • Article
        Johannesburg
        290 24 •38 South African shares posted losses across the board yesterday as gold disappointed and investors stuck to the sidelines in low volume trade, dealers said. Activity was seen slowed by uncertainty ahead of the June 22 national budget. The overall index shed 38 points to 5,462, the industrial index
        290 words
      • Article
        Toronto
        307 24 -4.79 Stocks fell at noon yesterday as the price of gold fell in London and New York. Reaction in communications stocks was muted to news that licences for 10 new cable television channels were awarded. Winners included CHUM, Alliance Communications, Mac Lean Hunter Ltd and Western International Communications. The
        307 words
      • Article
        New York
        747 24 +9.53 Bluc-chip stocks gained at midsession yesterday, drawing strength from the latest drop in long-term interest rates amid evidence of subdued inflation. The Dow Jones Industrial Average was 9.53 points higher at 3,781.75 at 1 pm EDT. On the broader market, advances led declining issues 12-7 on New
        747 words
      • Article
        Untitled
        676 24 Britannia Funds S4*rli»t Cash Bid Offer Mim < ap Depovi 38 6400 38 6500 Mini JcncyCih .0.1893 0 1442 Mim Max Income ****** *0 4500 L SS Cash Income Phn Fund ***** 10 3400 PS Reserve Fund J 2700 5 2*00 Sterilag Lqait) Euro Performance .0 4542 0 4938 Far
        676 words
    • Article, Illustration
      Lock icon HONGKONG
      2969 25 Bloomberg Business News HONGKONG The benchmark Hang Seng Index rose 1.61 per cent yesterday as investors concluded the special Hongkong government task force won't recommend any draconian measures to rein in real estate prices. Some had feared government intervention might lead to a crash in property prices. The Hang
      Bloomberg Business News; Source: Bridge Info  -  2,969 words
    • Article, Illustration
      Lock icon CHINA
      508 25 CLSA THE Shanghai B market continued its gradual climb yesterday with its CLSA B index gaining 8.28 points to 840.76 on turnover of US$5.3 million. Trading was dispersed across all counters, with buying interests coming from both local and foreign investors. Jin Jiang Tower was the biggest gainer, up
      CLSA  -  508 words
    • Article, Illustration
      Lock icon TOKYO
      2548 25 Bloomberg Business News TOKYO Stocks declined for the third straight session as investors sought more proof that an economic recovery is actually underway before actively bidding up shares, traders said. Traders are waiting to see whether this Friday's release of the Bank of Japan's influential tankan survey of more
      Bloomberg Business News; Source: Bridge Info  -  2,548 words
    • Article, Illustration
      Lock icon BANGKOK
      1681 25 Bloomberg Business News BANGKOK Thai stocks were little changed in light trading for the second straight trading day as investors waited to see the political effects of a well-known activist's hunger strike, analysts said. The protest by former member of parliament Chalad Vorachat. who wants the country to adopt
      Bloomberg Business News; Source: Bridge Info  -  1,681 words
    • Article, Illustration
      Lock icon JAKARTA
      1141 25 Bloomberg Business News JAKARTA Indonesian stocks were little changed on concern about the US economy and speculation of rioting in Bandung and Jakarta, traders said. Investors are also hoarding cash for forthcoming initial public offerings. The benchmark Jakarta Stock Exchange Composite Index, which tracks all stocks, fell 0.20 point
      Bloomberg Business News; Source: Bridge Info  -  1,141 words
    • Article
      CLOB INTERNATIONAL
      2394 26 MOW ACTIVE vctom Mulpha Intl 50c 6.170.000 Idns H\d 50c 6.092.000 Promt 2.656.000 Kenong Bhd 50c 2.312.000 Landmarks Bhd 2.240.000 F AC B 5a- 2.024.000 Lien Hoc rSR97 1.730.000 kemayan 50c 1.269.000 (.olden I'lus H 1.234 000 (■olden Hope 1.199.000 kumunling 50c 1.104.000 Tech Resources 1.004.000 KL Industries
      2,394 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Market continues to gain as buyers return
        5813 26 Bloomberg Business News KUALA LUMPUR Malaysian stocks rose for the second consecutive trading day after Finance Minister Anwar Ibrahim held a press conference last Thursday to refute speculation on the financial condition of various brokerage houses, brokers said. The Kuala Lumpur Composite Index
        Bloomberg Business News; Source: Bridge Info  -  5,813 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6710 27 MAIN BOARD Transaction date: June 6 1994 Vol IH) UilOolt D»» D»» VM Vrt Mfj lli,h Low CofNI Sale +1- 000) IIHth U« Bttyer Viler S C »r P't Smil INDUSTRIAL AND COMMERCIAL %1 1440 835 Acm, 865 cd 1 15 131 870 855 805 870 17 5 i-J |96
        6,710 words
      • Article, Illustration
        Lock icon Hotel counters steal the limelight
        1806 28  -  By Quak Hiang Whai SINGAPORE Share prices in Singapore finished slightly higher with strong gains posted by hotel counters but overall trading volumes remained sluggish yesterday. The blue-chip index, however, edged lower. The highlight was the debut of Comfort Group shares which dipped below its
        Charts by Bridge Info; Source: Bloomberg  -  1,806 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      479 17 NEWS VALUE How today 's news might affect your stocks Comfort closes below strike price (pg 1) Not unexpected. Trading range likely to be narrow in the short term, with strong support at $1. Fed governors see stable inflation taking heat off US Interest rates (pg I) Investors' sentiment rather
      479 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      211 18 Dividends table has been held over ji— Advanced ■I Management Program The Program Innovation and Strengths 18 modules presented over 6 weekends (12 days): Leading edge management Weekend 1 The Global Competitive Challenge thinking and practices Corporate Leadership in the 1990s Power-packed presentation by International Business Strategy prominent speakers from
      211 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      244 19 E "I b n i i i The message in the bottle is simply this: Henry is able to maximise the use of space. Everyone of our layout I I plans is designed with the future in mind. Because we believe every company will have to expand. In I I
      244 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      120 20 "Why honey they're all aboard the world's largest sailboat, Club beautiful people. They each have their own private cabin to relax Med 11. Where each evening starts with cocktails; followed by a five in with news and movie channels to watch and all for just $450*." course dinner with a
      120 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      194 21 PJfl University of Vjr South Australia DOCTOR OF PHILOSOPHY (PH.D.) DEGREE ■HHj IN BUSINESS AND MANAGEMENT 2nd Intake September 1994 By Research lIHI Admission Requirements: An MBA degree or a specialist Master's degree plus substantial management, business, consultancy or academic experience. Holders of a first class honours degree from a
      194 words
    • Advertisement
      Page 21 Advertisements Column 2
      274 21 a Sound Blaster" Multimedia Upgrade Kit. Inside, you get sn» dr,v# <t|,at,s ~k# player that goes inside ■4 -■<« DtmW your computer, except It A*»%7hj>i in also P ,a y* video and more). audio card, so you can add music and TwjtTrTi^^ sound effects to games and applications or even
      274 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      481 23 Professional Nominee, Full Accounting and Administration Services available at reasonable cost Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 Q ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K.
      481 words
    • Advertisement
      Page 23 Advertisements Column 2
      34 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make newbusiness contacts through classification 203 Jn The iXVi Straits Times Classified, cjlta 1737-H**
      34 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      85 24 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      85 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      35 25 HWith over 215 million cords honoured at over 12 million MasterCard puts the whole world in your hands. And it gives you easy access to cash at 380,000 bank Ixmclios and ATMs 1 worldwide. mil
      35 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      64 27 With over 215 million cords honoured ot over million establishments, I MasterCard puts the whole world in Iff J! I your hands. And it gives you easy access to branches and AlMs| worldwide. c^ D ,tD 5 1 B) 1 irgu STRAIGHT TALK 0 YOU shou,dn t have t0 read
      64 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      293 28 "^BRHSfIV JW For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than 11 any other publication. Some may call it an unfair UUI 111/ I advantage. We at Singapore Business
      293 words
    • Advertisement
      Page 28 Advertisements Column 2
      17 28 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ Appointments or Notices, 1-800-741-1883 j The StraiU Time* 1
      17 words
    • Advertisement
      Page 28 Advertisements Column 3
      463 28 BUSINESS TIMES TOL^TRE^E^N^ISo^4I-lB^^^^x!74l-lSe IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF NAVITRAOE SHIPPING PTE LTD lla u-i \in Wfcnotfi vcxunury Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act. Chapter SO. that a Final General Meeting of the abovenamed Company
      463 words
    • Advertisement
      Page 28 Advertisements Column 4
      85 28 KWIKUNK PTE LTD 0n Voluntary Liquidation) NOTICE IS HEREBY GIVEN punuanf to Section 308(2) of Companm Act. Cap. SO the Final MMting of Member* of the abovenamed Company bo haM al the office* of Maaara Ernet A Young, 30 Robinaon Road. #17-00 C*y Houaa. Singapore 0108 on 7 Mf 1884
      85 words
Page thumbnail Page 29
  • Shipping Times
    • Article
      Lock icon Takings and traffic at Panama Canal up last month
      253 29 Reuter PANAMA CITY Toll revenue rose 3.3 per cent and traffic increased 2.1 per cent at the Panama Canal in May compared to the same month in 1993, the canal authority said last Friday. There were 34.7 transits daily through the
      Reuter  -  253 words
    • Article
      Aussie shipbuilder clinches its first Japanese order
      309 29  -  By Rahita Elias SINGAPORE Western Australian shipbuilder Austal Ships has clinched its first order from Japan. It has sold a A 510.7 million (5512.1 million), 43-me-tre passenger catamaran to Diamond Ferry, a subsidiary of shipping giant Mitsui OSK Lines. Diamond operates a fleet
      309 words
    • Article, Illustration
      Lock icon No environmental short cut, please
      66 29 Reuter ISTANBUL Divers near Istanbul's landmarks, the Ortakoy Mosque and Bosphorus Bridge, holding up signs to mark World Environment Day on Sunday. Turks gathered along the Bosphorus Straits to support more stringent rules governing passage of ships through the narrow waterway which divides Europe and
      Reuter  -  66 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      826 29 Page Col Accord Group 8 1-3 Ahrcnkiel Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      826 words
    • Article
      Lock icon Evergreen plans to order US$950m giant boxships
      284 29 Lloyd's List LONDON Taiwan's Evergreen Marine Corporation plans to order a series of containcrships which will rank among the world's largest. Details are scarce but informed sources said potential orders with Bast Asian yards could yield as many as ten fifth generation 4,900-TEU
      Lloyd's List  -  284 words
    • Article
      Lock icon Cargo ship, yachts caught in tropical storm in NZ, Fiji
      294 29 AFP AUCKLAND Maritime emergency services were severely stretched yesterday after a fierce tropical storm between New Zealand and Fiji created havoc for a dozen yachts and a cargo ship caught in it. At the storm's height Sunday, 12-metre high waves
      AFP  -  294 words
    • Article
      Lock icon Polish yard negotiating US$250m cruise ship deal
      246 29 Lloyd's List LONDON Polish shipbuilder Stocznia Gdanska is negotiating a US$25O million (SS3BS million) deal that could signal the yard's breakthrough into the luxury cruise vessel market. A preliminary contract for two 950-passenger capacity ships has been signed with Par-is-based Greek principals operating
      Lloyd's List  -  246 words
    • Article
      Lock icon US oil pollution law choking Greek shipowners: experts
      629 29 UPI ATHENS Industry experts say US legislation setting tough new environmental-safety standards for vessels entering American waters is choking Greek shipowners potentially forcing the kings of sea from their throne as the world's biggest fleet. After the 1989 Exxon Valdez oil disaster,
      UPI  -  629 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        617 30 Vessel ¥oy W» Vrttil Dgrtn Vwl Viy Wo Bwtti flnjwl Otpytut Jurong Port s««!3 ****** pom o/oto/oo o/ot/moo Balaa Ban 823/ 19 w<vdi 0/06/2300 Biasia» 1 *22/94 TO 0 06 1530 0/08,7300 BataaMw.i 06,02 94 B 0/06/2300 Cahaya feral 006A POM 0/ 06 0800 (*06/2300 Dew Seraya
        617 words
      • Article
        CONTAINER SCHEDULES
        1558 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Balance Rdts Ship Voy No Etb/Btr Period From To From ta Son 121* 08/1500 3 07/0700 07/1159 07/1400 4 07/1200 07/1459 07/1700 M Gondann 28SS4 09/0900 04/1700 07/0(59 07/0900 4 07/1200
        1,558 words
    • Article
      THE SHIPPING GUIDE
      13508 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,508 words
    • Article
      SHIPPING AGENTS
      3332 43 A xSI.BC Containerline NV: Bclsm Shpg Agcncics Pic Ltd (SVMarinc Handling Sdi» Bhd (PK/PN). Acaard Group: Accord Shpg Ptc Ltd Contr Line (PK/PN). AdMs Business Corporatioa Philippine: Caßßurce Shpg A Trdg Ptc Ltd (S) Atwenkiel User Service. Kim Shpg A Trs(S). Albttros Sen-Air Service: Frata Shpg Ptc LtdJS).
      3,332 words
    • Article
      COURIER SERVICES
      273 43 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: 742-8975. City-link International Td: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Td:
      273 words
    • Article
      AIR FORWARDERS
      1509 43 Abex Express Freight Td: 542-7171. Fax: *****84 Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,509 words
    • Article
      PORT CONDITIONS
      1824 44 ALBANIA Durres: Four vessels operating of which 1 loading bulk chrome ore, I each discharging bagged urea, beer in pellets, bagged flour, 2 vessels in roads awaiting berths of which 1 to discharge bagged cement, I to discharge gasoline. ARGENTINA Santa Fe: No vessels. Diamante: One loading maize,
      1,824 words
    • Article
      CRUISE & FERRY SCHEDULES
      1037 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dtp Name of Vessel ETA KID Ports of Calls Fort Agent Telephone No h JUNE 07 07 Club Med 2 0700 1900 Cruise to Nowhere Harpers Shipping 221-1388 07 07 Renaissance 2 0900 2015 Cruise to Nowhere Lines IntI Holdings 224-2763 07 07 Langkapuri
      1,037 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1074 44 SHIP SALES TANKER RATES AFP THE week has been dominated, as have so many weeks recently, by activity in the handy bulkcarrier section. However a fresh development is the more positive movement from Korea to acquire such tonnage. Concentrating initially on the Korean interest, their reported purchases include the handy
      AFP  -  1,074 words
    • Article
      COCKETT BUNKER MARKET REPORT
      848 45 THIS twice vwekly 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 arc based on average-sized stem. Market movements are indicated. The Cockctt Bunker Price Index change and
      848 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      587 45 Carton Carton juw 3 Density Water Residue Ash Natron Sedbnent Dera* 1 Water Residue Ash Atoiron Sedment %um /M E*xon MOn KG/NT3 IV/V M/M M/M PPM method KG/*** 3 V/V M/M M/M PPM method ISO/Cimac 1Mb Spec E25 991 1.0 15.0 0.10 30* 0.10* Eastern USA
      587 words
    • Article
      Daily Freights
      1708 45 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,407 on Friday from 1,420 on June 2. Rates have eased for Panamax tonnage in a sluggish week on the freight market, brokers said. Several cargoes have been covered on the US Gulf to Japan grain
      1,708 words
    • Article, Illustration
      Lock icon Sea-Land still bullish about ex-USSR
      1056 46 The US shipping company is determined to continue its involvement in the CIS despite the obstacles American Shipper Despite sometimes huge obstacles encountered along the way, Sea-Land Service Inc has not changed its mind about the former Soviet Union. "We will continue to put capital
      American Shipper  -  1,056 words
    • Article
      TRANSPORT DIARY
      480 46 COURSES Title: Marine Insurance Cargo Claims Duration: Jun 7-23 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Title: Effective Supervision of Cargo Operations Duration: Jun 7 Jul 1 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at
      480 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon US probes safety allegations about GE aircraft engines
        491 48 Bloomberg Business News CINCINNATI The US government is investigating allegations that more than 7,000 General Electric Co aircraft engines used on certain Boeing 7475, Air Force and Navy fighters and Air Force One may be susceptible to fires or sudden loss of
        Bloomberg Business News  -  491 words
      • Article
        Lock icon Mercedes-Benz chief sees trucks as growth area
        403 48 Bloomberg Business News STAVANGER, Norway Mercedes-Benz chairman Helmut Werner said global expansion of the company's truck operations, already one of the world's largest, was a key part of future growth. He also said Mercedes' new C-class car, launched one year ago, was taking
        Bloomberg Business News  -  403 words
      • Article
        Lock icon FAA scientist's warning of B-757 risk ignored: report
        519 48 UPI LOS ANGELES The US Federal Aviation Administration's top scientist warned in internal documents, prior to two fatal airplane accidents, that wake turbulence from B--757 jetliners would cause a "major crash". Chief scientist Robert E Machol's concerns were ignored by the FAA
        UPI  -  519 words
      • LOG BOOK
        • Article
          Lock icon S Korea TGV deal to be signed in June
          135 48 AFP PARIS The contract for the construction of a TGV-style high speed train system in South Korea is to be signed before June 15, the head of the consortium which is to carry out the work was quoting as saying yesterday.
          AFP  -  135 words
        • Article
          Lock icon Strike at Colombo port
          90 48 Reuter COLOMBO Some 14,000 workers in Sri Lanka's main port in the capital Colombo went on strike last Saturday bringing cargo operations to a standstill, a senior port official said. At least 10 ships have been held by the stoppage. Workers demand the removal of the
          Reuter  -  90 words
        • Article
          Lock icon Colombian airline to be liquidated
          92 48 Reuter BOGOTA Colombia's largest private airline Avianca SA has decided to liquidate its charter and tourist subsidiary airline, Socicdad Aeronautica de Medellin (SAM), the financial daily La RepuMica reported last Saturday. The daily said Avianca would incorporate SAM's airplanes, equipment and air crew into its
          Reuter  -  92 words
        • Article
          Lock icon New US airline in Johannesburg
          116 48 AFP JOHANNESBURG The first US airline to serve South Africa in 10 years, USAfrica, made its inaugural flight here over the weekend, the company said on Sunday. "We have been working on this day since 1990, which demonstrates the extent of our faith in this
          AFP  -  116 words
        • Article
          Lock icon Portugal approves Soponata sale
          94 48 Reuter LISBON The Portuguese cabinet has approved the direct sale of a remaining state-held stake in Portugal's partially privatised shipping line Soponata Sociedade Portuguesa de Navios Tanques. A 14.75 per cent state-held stake, equivalent to 903,060 shares held by state holding firm IPE Investimentos e Participacoes
          Reuter  -  94 words
      • Article
        Lock icon Revamp likely at American Airlines: Crandall
        374 48 Bloomberg Business News FORT WORTH, Texas Pilots from AMR Corp's American Airlines unit could face job cuts this fall if they did not reach a contract agreement quickly, chairman Robert Crandall said. Mr Crandall, speaking to reporters after a meeting of the Fort Worth
        Bloomberg Business News  -  374 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1703 48 Oti F—IK ETA fight |T®_ Oty Fight CTA Fid* CTD_ Abu Dhabi GA893 1835 GA984 2340 ME633 2355 GA974 2350 Durban SQ4Q6 0115 1925 QF82 2055 Frankfurt SQ25 0645 SQ326 2230 SQ228 2120 LH772 1555 QF5 2235 Amsterdam KL831 0935 KL844 0035 Qf6 1845 IH773 2359
        1,703 words
      • Article
        Lock icon El Al a good buy despite operational constraints: analysts
        505 48 Bloomberg Business News TEL AVIV Would you buy an airline that cannot fly on Saturdays, is saddled with the industry's highest security costs and suffers from a reputation for surly service? Maybe you should. It is El Al, and unlike many
        Bloomberg Business News  -  505 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      7 29 LAW PAGE Every Thursday in Business Times
      7 words
    • Advertisement
      Page 29 Advertisements Column 2
      20 29 Um» and services represented Members ef the Registry «f Accredited Singapore Nation*! StripFor advertising enquiries, contact Shipping Tones: Tel 740-2089/740-2090
      20 words
    • Advertisement
      Page 29 Advertisements Column 3
      17 29 Sea-Land still bullish about ex-USSR, Pg 18 US probes safety allegations about GE aircraft engines, Back Pg
      17 words
    • Advertisement
      Page 29 Advertisements Column 4
      57 29 JZ+7M+Rf M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE caIIQQQQQQQ Equip yourself with knowledge practical following IsFFA courses: [Ff Standard Trading Conditions Sea Transport International Freight Forwarding I International Freight Forwarding II PSA/SFFA Dangerous Goods Course m&ie ..call, SINGAPORE FREIGHT FORWARDERS ASSOCIATION Sll&J 51, Thomson Road, IS3B, Gold hill
      57 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      399 30 TSKUNE AGENOES (S) PIE. LTD. j TT 17 T rtTfl Tel: 226-3363 -I I lIMr F 226-1972/3 r3l/\ n f Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. C No: **********0N I 1 :m fig in 'Z H OCX ULT 9M jjjr jur 07.06 10.06 14.06 16.06 2106 21.06 22.06 23.06
      399 words
    • Advertisement
      Page 30 Advertisements Column 2
      1127 30 mm ok w -MML. HMFfit fwor simk* u«r oar* unw mm u» calSfoSmm luK'Sm' 3 lsVtt "1 ti *57 "1 I) wo hongkonc Tim* 66 iiT HI at at 274 I»» at st~~ it WPIUE CTPBW W* I 22-2111 97 li I 13./ I 14.7 I 12-7 12.7 ILI ILI
      1,127 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      2369 31 E L CL 3^ 3 LTF!;!; D 22t3 A 9 R 4 0 2 ,NE BH,PPING A EN ,EB 776^A)?M-*****42 DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARD) T FAX. *****1 CFS TEL: *****6 BOOKINGS TEL: *****80 *****81/ *****82 'POH T EL. *****3/4.FAX: *****6 CUSTOMER SVC TEL: *****92/*****91/*****93 1270 FAX 07 *****99 KEPPEL
      2,369 words
    • Advertisement
      Page 31 Advertisements Column 2
      1916 31 ■Qcnunasza FRANCE/ITALY/PORTUGAL SPAIN/MOROCCO NEXT AVAILABLE SAILINGS LONDON MS./MS. HAMBURG V.9408 ETA 13TH JUNE 1994 Vessel Voy ETA ETC FeeOered by S \T ItT™ DESTINATIONS Thw wwk LUNA MAERSK V 9406 IH.II H TfWTT^WW— cv is/06 oeoo mrs CfS 14/06 2359 MRS JOH LPK PEN OAK LGB SFO MEM ATI MIA
      1,916 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      1521 32 111 AOABA R OAM/ LE ALSO ACCEPTING FROM VESSEL VOY NO SPOftE JEOOAH (VIA JED) STON H'BUBG A WERP HAVRE WMT MALAYSIA KAMAKURA 34/122 8/6 2S/6 28/6 26/6 Poft K#(ang Peking ELBE v 22/322 H/6 20/6 27/6 29/6 2/7 4/7 6/7 Paalr Gudang THAMES L 23/123 17/6 4/7 5/7 7/7
      1,521 words
    • Advertisement
      Page 32 Advertisements Column 2
      667 32 PEEBBi AFGHANISTAN MM Afghanistan Ltd., Hairatan, Torghundl. Islamqala (Doqharun) C.1.5./RUSSIA: Vootoctiny, Vladivostok, Moscow, Baku, Taaftkant, Irkutsk, Alma Ata, Ashgabad. Dushanbe Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS ft EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WIST AFRICA VESSEL SIN DKR Ned America V.2174 07/6 09/7 CGM Korrlgan
      667 words
    • Advertisement
      Page 32 Advertisements Column 3
      1114 32 I NORASIA NORASIA SNARIAH 9422-3 08/06 30/06 01/07 02/07 83/07 04/07 05/07 06/07 07/07 07/07 I "ORASIA MUBAIAX 9623-4 15/06 07/07 08/07 09/07 10/07 11/07 12/07 13/07 14/07 14/07 I NORASIA Al MANSOORAH 9424-3 22/06 14/07 15/07 16/07 17/07 18/07 19/07 20/07 21/07 21/07 I ARABMN SEA 425W 29/06 21/07
      1,114 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      1311 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11*01 Keppel Towers Singapora 0208 Tel: *****88 Fax: *****17 New guinea pacific link (A SERVICE OF CHINA NAVIGATION CO) CARGO SAAS STRAITS VIOE Mura. lab 10-11 km 12 km 13 km FCL LCL CONTAINER AND BREAK BULK SERVICE TO PAPUA NEW
      1,311 words
    • Advertisement
      Page 33 Advertisements Column 2
      3198 33 SINGAPORE AGENT: H HkHlSi DfifT\ irkAf*C P&O Containers (Singapore Agencies) Pte Ltd .Jj \V M VjIII 11/llllvX 9 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 w Te| 225 2233 Te(ex RS ***** pNOCSp Fax 225 5327/222 7517 1 a CR Number: **********0Z > EXPORT IMPORT VESKI VOY *PNO
      3,198 words
    • Advertisement
      Page 33 Advertisements Column 3
      8 33 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
      8 words
    • Advertisement
      Page 33 Advertisements Column 4
      36 33 VESSEL ETA KTD DESTINATION BONO TIEN a 11/06 OS/OS HO CM MNH SONO TIEN 01 w/oa IS/OS HO CHI MNH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1811 FAX: 225 0*33 TLX: R823M1 VIETHK
      36 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      592 34 W 1 r GENERAL AGENT C R. NO: *****81-***** EKA JAYA AGENCIES \3J|f TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE □5 CM MHH CITY PA«B IhAHPftWHt/PWKCT HEHWY HOt IHOP4 7aTs«>/M4WM MLVM CHAW »HMM MA HO J 2'1092 d S *****2 trfi" f I lllllii iMLm TO VIETNAM/HCMC
      592 words
    • Advertisement
      Page 34 Advertisements Column 2
      1581 34 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOGUMENT TEL: *****71-275 for *si sm Ilk haul m n n* m sh lim haul sav lm wtc HANJM ELIZA®TH 012E 9/6 BttCT 29/ C 30/6 1/7 HAW* ELIZAfIETH 012£ 9/6 KWW TO«K 05SC 14/7 15/7 17/7 HAMJM OAKLAND
      1,581 words
    • Advertisement
      Page 34 Advertisements Column 3
      1514 34 -j. T viKT M m HI m| Vi IHifl HI I I PKI UP KSG IRC KIG PUS MT OSK NGT SM2 TYO UU CMS BAI NYC UN Ml* HJM IHP HBC PSB CM PKI SCP ■.>•• I WORTH 045 itII PI 12/0 14 CIM 19/0 ?l/« 22/1 23/1 M
      1,514 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      2264 35 1~2 II sex: 'CALIFORNIA JUPITER 73E' eta sgp 08/06/94 II II m2W II ARRIVING LOS ANGELES 25/06/94 IN 16 DAYS HI II: I] aex: 'NEPTUNE CORAL 15E' ETA SGP 10/06/94 II H II ARRIVING NEW YORK 02/07/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: UBWC
      2,264 words
    • Advertisement
      Page 35 Advertisements Column 2
      1231 35 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****2S T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
      1,231 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      1405 36 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CS NO: **********QM/GST REG NO; H2-*****M4) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I T |kT MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD M 4 TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTERNUSA. TEL: JKT
      1,405 words
    • Advertisement
      Page 36 Advertisements Column 2
      770 36 ©APPENSHIP {Si HAMBURG \J\/ CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOAOMG PORTS DISCHARGE/lOAONG FOR NOV KIR AD ANTW 20/05 SPORE 17/0« ECUADOR BIL 22/05 SPORE 19/06 KOALA CONTAINER LINE STORE FIX HAM RIM LEH CS NEW ZEALAND 4607 14/06 09/07 10/07 11/07
      770 words
    • Advertisement
      Page 36 Advertisements Column 3
      369 36 GOLDEN LINE^ IVggN\ guan guan supping (PTE) LTD V 23. T(M hym Strwt SMGAPOK 1104 TEL: SM39S* (It 1MB) Fu: ***** M (C* ft* 1012JMOOOOH) 6TKAITB/PER9IAH CULT IMTICT S pore P. Kelang Penyig MX DM KM lUach. (Ma/Kinuit S/lt km GOUXH HMnEIT Kaiach) Dutw/Kimait 22/24 kat CHIWA IMTICT GOLDEN Noma
      369 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      936 37 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I B JVflHi CR NO **********06 I VESSEL VOY SIN CMS JIB JED AOJ AOE HOD PZU ASA KOTA BERKAT BKTOII 8/6 13/6 20/8 2t/8 22/6 2/7 S/7 KOTA WMAWAN WRNO43 19/8 25/8 1/7 4/7 7/7
      936 words
    • Advertisement
      Page 37 Advertisements Column 2
      994 37 vcssus vot it mm Hamburg ihaks rotterpam antwerp_ Mill OC VtGA GO3W 04/0* 01/07 03/07 04/07 05/07 07/07 Will 0C VILA VO3W 14/04 06/07 0«/07 09/07 10/07 12/07 VHU DC TIT UNA TO4W 21/06 13/07 15/07 l«/ 07 17/07 H/0 7 Will 01 TUCANA UO4W 2./06 20/07 22/07 23/07 24/07
      994 words
    • Advertisement
      Page 37 Advertisements Column 3
      544 37 JBSAj MYANMA la&Bk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdj MERGUI VI23W Sated PAGAN V2O9W Sided HPA AN V2O2W 10/13 Km PAGAN V2IOW 20/21 km MALAYSIA AGENTS OOUSTEAD SHIPPING AGENCKS KUI: TEL 03-*****00 PKL TEI 03 *****67 PEN TEI 04-*****5 PCD TEL 07-*****1/4
      544 words
Page thumbnail Page 38
Page thumbnail Page 39
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Page 40 Advertisements Column 1
      965 40 ZIPfICROATIA LINE A (EX JUGOUNIJA) 1 KESffL SPORE PK PNG LOWWG FOR SIOVENIJA 12 JUN Aleiandria. Beirut. Istanbul, Trieste. Koper. Lattaka, Limassol. Mersin. P. Said, ftieka. Venice RAB 25 JUN 28 JUN -do General Agents: EAST MOUNT AGENCY (PTE) LTD Sttfapore Kuala Lumpur Port Keiant Penani SPORE •A' VESSEL OC-188
      965 words
    • Advertisement
      Page 40 Advertisements Column 2
      178 40 /SoRBUU^ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES LOWING FO* I I WORLD AGAMEMNON 15/6 l«/ 6 ROM/ANT/UK I I SEA SONNET 21/6 30/6 FLU/RDAM/ANT/W I I NORBULK TBN 28/6 30/6 DBN/CPT/EL I ALSO LOAOS TAWAU. KK. TG. MAN! PK SWK/SABAH LOADING
      178 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      714 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 14/6 ROTTERDAM TI/6 AARHUS/COPENHAGEN 14/6 HAMBURG/BREMEN 13/6 MARSEILLE/FRANCE 14/6 FELIXSTOWE/UK 08/6 BARCELONA/SPAIN 13/6 LEHAVRE/FRANCE 08/6 GENOA/ITALY 13/6 ANTWERP/BELGIUM 13/6 LOS ANGEIES/WC/IPI 12/6 SYDNEY/MELBOURNE 11/6 NEW YORK/EC 09/6 FREMANTLE/ADELAIDE 10/6 VANCOUVER 10/6 BRISBANE 11/6
      714 words
    • Advertisement
      Page 41 Advertisements Column 2
      991 41 M?m«m>~»~~ j P 8 VtytL VOY SIN JKT VESSEL VOY MN PEW m MMMMMtiaiaJMWM WANA BHUM 2318 Tw_ In Pt _ft_ 11/8 B «£WO>* W1 Tw Im Pt ~Wad 8/8 H B| VESSEL VOY SIN BKK IBHA ■HUM W Fri 10/8 Tw 14/4 Altfl HUM 138N/8 Tu# 7/6 Thu 9/8
      991 words
    • Advertisement
      Page 41 Advertisements Column 3
      271 41 UTEL: *****33 (12 Linoo) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Linoo) CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL Vnml Voy OTA Loading For ADtoay Worn 40WB 21/07 oirooaalaam. Momtoaaa. Q|lboutl Asssb, Misscwt Netaanot 35W8 21/08 Daroaaaiaam. Mombasa. Djibouti Aaaab. Ma—— Kl LiA (I)MMNKBLHKI) RhX.l LAK IJNPH MKB\ICK ACCEPTING BOTH
      271 words
    • Advertisement
      Page 41 Advertisements Column 4
      543 41 (pAp) Poliit-to-Poiirt Regional Ptt Ltd Ygr TEL: *****55 FAX: *****94 CR NO: **********0 C QU/ tO BANGKOK/LAEM CHABAAG/lAOS EVERY WED ft SAT I MAMLA/CEBU EVERY TUES PORT KELANG/PENAA6 EVERY MON ft FRI HO CH MM EVERY FRI HON6 KONG EVERY FRI JAKARTA EVERY SAT BUSAN EVERY SUN SURABAYA EVERY SOW
      543 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      1633 42 vJ\/ V 'uikfnM snu (064) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANq- (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 7/6 8/6 9/6 Hon| Kong Genoa/Barcelona 12/6 13/6 14/6 9/6 10/6 11/6 Hon*
      1,633 words
    • Advertisement
      Page 42 Advertisements Column 2
      172 42 I SEAWARD SHIPPING AND TRADING CO (S) PTE LTD tl» ill (II sroK rati nil uk kmng Btm MOC 28 6 loading toe MUlf RUVM HUDHU 20 6 Loading tor Cotombo DOtPHH 23 6 LiMdMHi Fw Male nONQR SintfW 18 6 toaAngiFcu Milt UMCIDH In Pod loading Fw kUI« NOOKS
      172 words
    • Advertisement
      Page 42 Advertisements Column 3
      1178 42 f ,£L THONG SOON UNES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I 1 \y TEL: 227-5088 FAX: 227-6011 f*' I TLX: rs ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S PORE PEST VESSEL VOY S'POIE PEST EQUATOR 111 124/4E 07
      1,178 words
Page thumbnail Page 43
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      41 44 II I EVERYBODY'S w\ doin'm pKygbT JTIA wV Save time, money and steps. yYOv I U V Before you go any ptace e<se, vVM <dL take 8 Uwougji The I CJVT \M\ Straits Times Classified tor cJS\ the best bargains aroundl
      41 words
Page thumbnail Page 45
Page thumbnail Page 46
  • Page 46 Advertisements
    • Advertisement
      Page 46 Advertisements Column 1
      514 46 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SWGAPORE MANIA PERVOMAYSK 9403N 10/06 (FRI) 15/06 (WED) VIGOUR PACIFIC 9422N 14/06 (TUE) 18/06 (SAT) TWO SAIINGS WEEKLY LANKA MAHAPOIA 9402N 17/06 (FRI) 22/06 (WED) FRIOAY ANO TUtSOAY PERVOMAYSK 9404N 21/06 (TUE) 25 06 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE
      514 words
  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      692 46 TODAY'S TIDES (height in metres) .1 HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 21$ 2200 2300 JR 2.2 1.7 1.3 0.9 0.7 0.6 08 1.1 1.5 1.9 2.1 2.2 2.1 IS 1.4 1.1 1.0 1.0
      692 words
Page thumbnail Page 47
  • Page 47 Advertisements
    • Advertisement
      Page 47 Advertisements Column 1
      1014 47 4 HYUNDAI MERCHANT MARINECO.LTD. WESTBOUND TO EUROPE BKG: *****61 PNA* IKE* PCD* VESSELS VOY SW I RTM I AWT* LEH* HAM BRfl PEL 08/06 10/06 11/06 H. CHALLENGER 310W 13/06 01/07 03/07 4/07 03/07 03/07 05/07 15 06 17/06 18/06 H. PIONEER 309W 20/06 0«/07 10/07 11/07 10/07 10/07 12/07
      1,014 words
    • Advertisement
      Page 47 Advertisements Column 2
      499 47 S STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS rtSSU NT IT PI RK M KUSMM m 11/ l tl/C CtOK HUM 14$ l/l 12/1 COSMC OMUEKM 111 11/ l MAKE SIT IN N/l 2S I MIAI STM VIM 12/1 24/1 MTST II 22/1 (Ml 2S/I) OUTBOUND
      499 words
    • Advertisement
      Page 47 Advertisements Column 3
      1020 47 I WY SIN ETA/D LAX OAK CH 1 DAL MEM/COL I HOU I NYC NOR ALLIGATOR VICTORY 53A 09/06 26/06 28/06 29/06 30/06 30/06 01/07 07/07 02/07 MACKWAC BRPGE 77A 16/06 03/07 05/07 06/07 07/07 07/07 08/07 08/07 09/07 ALLIGATOR TRUTH 55A 23/06 10/07 12/07 13/07 14/07 14/07 15/07 15/07
      1,020 words
Page thumbnail Page 48