The Business Times, 14 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) 010/12/93 Tuesday June 14 1994 75*
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow up 12.52 points
      52 1 Reuter NEW YORK Blue chip stocks gained at midsession yesterday. At Ipm EDT, on the broader market, declining issues edged out advances by a small margin of 117 million shares on the NYSE At 2pm EDT, the Dow Jones Industrial Average stood at 3,785.97 up 12.52
      Reuter  -  52 words
    • Article
      Lock icon India to reform finance sector
      47 1 Reuter BOMBAY The Reserve Bank of India yesterday announced new guidelines for finance companies as part of its reform of the financial sector. All finance companies must have a capital adequacy of 6.0 per cent by March 31, 1995, it said. Reuter
      Reuter  -  47 words
  • Article
    MARKET SUMMARY
    148 1 Stock aarM indices Monday Cbugc STII 2,295.92 +11.79 KLSEComp 1,017.93 +0.95 Nikkei 21,552.81 +157.63 SSl2K~r;x&3} Jakarta Comp 483.02 -003 CLSA China B closed Aust All Ord closed FTSE 100 3,016.30 -39.60 Monday Previous 2pm doae Dow Jones 3,785.97 3,773.45 Average of prim or 1 -A. •PMMK MMing ran
    148 words
  • Article
    Lock icon Profits of US manufacturers increase 3 times in first quarter
    109 1 Bloomberg Business News WASHINGTON US manufacturers' after-tax profits increased by almost three times per dollar of sales in the first quarter of 1994, led by the steel and auto industries. After-tax profits rose to 4.7 cents per dollar of sales
    Bloomberg Business News  -  109 words
  • Article
    Ethnic Chinese Indon firms seek to improve image
    424 1  -  From Maggie Ford in JAKARTA ETHNIC Chinese-owned business groups in Indonesia, together with the country's security authorities, have launched a campaign to improve their image and their relations with the public, say executives of Chinese-owned companies. The move follows outbreaks of rioting
    424 words
  • Article
    Lock icon Villagers storm excavation site over pollution
    256 1 Reuter, The Straits Times JAKARTA Hundreds of Indonesians stormed and destroyed the offices of several companies which they said were polluting their drinking water by dumping waste into a river running through their villages, officials said yesterday. Damage was estimated at US$l.25 million (Ssl.9
    Reuter,; The Straits Times  -  256 words
  • Article, Illustration
    Lock icon Creative Technology shares four times subscribed
    311 1  -  Counter rises on Nasdaq in early trading By Bernard Chew SINGAPORE Creative Technology's local offer of vendor shares has been subscribed four times. DBS Bank, the issue managers, announced yesterday that to meet the demand, it was exercising its option to increase the offer
    Source: Bloomberg  -  311 words
  • Article, Illustration
    Lock icon S'pore dollar is Asia's best performing currency: BIS
    415 1  -  From Neil Behrmann in LONDON THE Singapore dollar has been the best performing Asian currency by a wide margin, says the Bank for International Settlements. Between 1989 and the end of 1993, the nominal effective exchange rate appreciated by 15 per cent
    Source: Bloomberg  -  415 words
  • Article
    Go-ahead for first Thai commodity futures market
    518 1  -  From Alan Boyd in BANGKOK MARKET regulators have given the green light for Thailand's first commodity futures exchange, but say it could be two years before securities derivatives are traded. The central hedging market for agricultural produce will initially deal in rice, rubber,
    518 words
  • Article, Illustration
    Lock icon Temperature rises on KL bourse
    299 1  -  By Paul Leo SINGAPORE It was a nostalgic day on the Malaysian bourse yesterday as speculative fervour returned, pushing the market up and then down in heavy volume. Tracing the same pattern was the Singapore bourse. The Kuala Lumpur Composite Index rose 16.8 points to
    Source: Bridge Info  -  299 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      218 1 FRESH EXTRA U%l|. STRONG REFRESHING Sola Agint SlHtra (Singapore) Ptl. Ul. I CONTENT* Unn Completes S"port News 2 S'pofMfsa .17,18,19 Regonal News 3.4.5 Financial 21,22 Wortl News 7,8 FmIOTM Msiksts Analyss 15 CJob/RLSt. S£S 26-28 Editorial 14 Rt®ona! 24 Spoils 13 World 25 TV/lifestyle 11 Currencies 22 Regional Focus Sunex/Corrono
      218 words
    • Advertisement
      Page 1 Advertisements Column 2
      16 1 Property: pg n Kuok Group's 3-city launch NOL delays listing of subsidiary on Nasdaq, Pg 17
      16 words
    • Advertisement
      Page 1 Advertisements Column 3
      28 1 Hock Lock Siew: pgi7 Black mark for Granite Industries, j"»i BIS says derivatives need closer scrutiny, Pg 6 Call for major revamp of global monetary system, Pg 7
      28 words
    • Advertisement
      Page 1 Advertisements Column 4
      76 1 Thevvttom Line: Pg 16 Free trqde: Utopia can wait SCRIBE HAND-MADE BY BALLY N0.3 limited series of hand-made welled shoes uses fine French Calf leather and traditional craftsmanship 200 work processes on special lasts give a shoe of exceptional comfort and life expectancy fitted with beech wood shoe trees 12-month
      76 words
    • Advertisement
      Page 1 Advertisements Column 5
      18 1 CHLOROPHYLL PEARLS you'll never miss gum! v Gtiaoba, Soli Agint: Shriro (Singapore) Pto. Lid. Fall reports, Pgs 24-28
      18 words
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon A tighter weave
        208 2  -  By Claire Leow PRODUCTION of garments and textiles declined in the first quarter of this year, official figures show. This is traditionally a weak period except for January, when output rises to meet Chinese New Year demand. In the first quarter of 1994, output was 14.7 per
        Source: EDB  -  208 words
    • Article
      Close ties between KL, S'pore leaders must extend to the people: Yatiman
      175 2 THE warm relationship between the political leaders of Malaysia and Singapore must be extended to the people of both countries, the parliamentary secretary for the Ministry of Foreign Affairs, Yatiman Yusof, said yesterday. He was speaking at a
      175 words
    • Article, Illustration
      Telecom's $99 modem offer attracts 3,600 buyers in first week
      334 2  -  By Claire Leow SINGAPORE Telecom's offer of $99 for a high-speed fax modem for subscribers of Teleview interactive information system has received strong response. More than 3,600 people bought the modems last week. The offer opened last Tuesday and will
      334 words
    • Article, Illustration
      Old charm gets a new lease
      98 2 THIS IS ONE of the four colonial-style bungalows in Scotts Road, opposite the Environment Ministry building, currently under renovation by the Urban Development and Management Co. The bungalows are being refurbished at a total cost of $1 million, with the first two ready for
      98 words
    • Article
      Lock icon SIA to make US$3.5b jet order: report
      146 2 Reuter SINGAPORE Airlines is on the verge of announcing an order worth US$3.5 billion (555.3 billion) for airliners from Airbus Industrie and Boeing Co, Flight International says. It is understood the order would be for six Boeing *****0s, up to eight Boeing 777s
      Reuter  -  146 words
    • Article
      Technical skills crucial to economy, says Lee Yock Suan
      294 2  -  By A J Leow SKILLED workers played a crucial role in the development of Singapore's economy, Education Minister Lee Yock Suan said yesterday. Speaking at the opening of the first National Skills Competition at the Institute of Technical Education, he said
      294 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      291 2 Epson Makes Business A Pleasure. 1 EPSON The Executive Skin Week. Final Extension to 18 June. Give Your Face a Free Executive Treatment Since Men's Skin Center introduced The Executive Treatment many men have expertenced the pleasure and confidence that IP* 91 comes from having their skin "groomed" mF' wttfr
      291 words
    • Advertisement
      Page 2 Advertisements Column 2
      166 2 ONTOP ADVANCED THERAPY HAIR LOSS TREATMENT ON TOP Advanced Therapy System is a complete, safe, effective yet affordable action effectively revitalizes hair. haircare treatment system specifically formulated to treat thinning hair. After just one month of ON TOP's complete treatment, you will be able to see The System's unique formula
      166 words
Page thumbnail Page 3
  • SOUTH-EAST ASIA
    • Article
      Lock icon Japan to lend Malaysia M$1.5b for airport project
      438 3 AFP KUALA LUMPUR Japan has agreed to provide a Msl.s billion (*****.3 million) soft loan to Malaysia for the construction of an airport, a Japanese official said yesterday. "The loan could be signed between the end of this month and early July.
      AFP  -  438 words
    • Article, Illustration
      Lock icon Birdies and eagles coming to north Vietnam
      55 3 Reuter HA TAY, Vietnam A Vietnamese woman caddy watching Korean businessmen putting at King's Valley Golf Club in Ha lay province, about 45 km west of Hanoi, on Sunday. King s Valley, being built with Thai investment, is the first golf club under
      Reuter  -  55 words
    • Article
      Lock icon Japanese investors favour Philippines over its Asian neighbours: official
      310 3 Reuter MANILA Japanese investors now find the Philippines a more attractive investment destination than the country's Asian neighbours, a Japanese embassy official said. Japanese investments in Malaysia, Thailand and Indonesia have reached saturation point, embassy economic director Kazuo Sunaga said. Improvements
      Reuter  -  310 words
    • Article
      KL entrepreneur honoured by Australia for building trade links with Asia
      237 3  -  From Brian Gomez in SYDNEY A MALAYSIAN entrepreneur who struck it rich about a year ago with a significant gold discovery has been awarded an Order of Australia in the Queen's Birthday honours list. Perth-based Simon Lee Sui Hec
      237 words
    • Article
      Lock icon Mahathir: don't feel let down if polls are not held now
      214 3 Bernama AFP MALACCA Barisan Nasional (BN) leaders should not be disappointed if the general election is not held now although they have made preparations for it. Prime Minister Mahathir Mohamad, who is BN chairman, said yesterday that although many
      Bernama; AFP  -  214 words
    • Article
      Lock icon Viet police arrest businesswoman
      134 3 Reuter HANOI Police yesterday arrested a prominent Vietnamese businesswoman, once hailed as a pioneer of the communist country's privatisation programme, on mismanagement charges. Officials of her company confirmed a report in the official newspaper Saigon Giai Phong that Nguyen Thi Son. former general director of the
      Reuter  -  134 words
    • Article
      Lock icon Islamic group has armed suicide squad: report
      426 3 AFP KUALA LUMPUR A powerful Malaysian Islamic missionary group with branches in 15 countries has set up an armed suicide squad to defend its beliefs, a government official was quoted as saying yesterday by a local newspaper. Part of the training for the
      AFP  -  426 words
    • Article
      Lock icon Jakarta to scrap state sugar monopoly
      393 3 Reuter JAKARTA Indonesia plans to deregulate its highly-protect-ed sugar market by scrapping a state import monopoly and allowing direct buying by the private sector. An industry source yesterday said: "The government is seriously considering opening up the sugar market and is expected to announce
      Reuter  -  393 words
    • NOTE BOOK
      • Article
        Lock icon Philippine unemployment rate down
        64 3 AFP MANILA The Philippine unemployment rate fell to 11 per cent in April from 11.3 per cent a year earlier, the National Statistics Office said here yesterday. There were 3.16 million people unemployed out of a total labour force of 28.7 million in April. However, this
        AFP  -  64 words
      • Article, Illustration
        Lock icon S Korean minister meets Suharto
        39 3 Reuter JAKARTA South Korean Vice-Minister of Political Affairs Kim Young Soon (left) being welcomed by Indonesian President Suharto to the Presidential Palace here yesterday during the opening of the Asia-Pacific Conference on Women. Reuter
        Reuter  -  39 words
      • Article
        Lock icon US$196m Qatari-Kedah joint venture
        82 3 AP KUALA LUMPUR A trading firm from Qatar plans to build a 300-hectare, US$l96 million (*****.8 million) agricultural park in Malaysia in a joint venture with a state government, Bernama news agency said yesterday. City Co-Trading and Trading Co has signed a memorandum of understanding with
        AP  -  82 words
      • Article
        Lock icon Jakarta to control transport prices
        60 3 AFP JAKARTA The Indonesian government will maintain control over the pricing of transportation even though foreign investors are allowed to take majority shareholdings in the sector. Transportation Minister Haryanto Dhanutirto was quoted in yesterday's Bisnis Indonesia daily as saying that in the case of domestic
        AFP  -  60 words
    • Article
      Lock icon Tansil had minister's support for loan, court told
      265 3 AFP JAKARTA A former state bank president testifying yesterday in a major credit scam trial said businessman Eddy Tansil received support from a senior minister when he obtained a loan that he later failed to repay. The then coordinating minister of politics
      AFP  -  265 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      178 3 I Prime Branch Office Locations jjr $M S mL L\ v, w Impressive Furnishing Up-to-date Servcorp-The World's Finest Serviced Offices At just a fraction of traditional office costs, Servcorp makes even small one-man businesses look like a million dollars! Servcorp's compact offices offer the spectacular infra-structure of large corporations, amidst
      178 words
Page thumbnail Page 4
  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Britain, China make headway in talks on army-owned land in HK
      431 4 AP, AFP HONGKONG Britain and China yesterday announced progress on the fate of militaryowned land in Hongkong, raising the colony's hopes for a smooth ride to the 1997 Chinese takeover. The apparent breakthrough coincided with the announcement of a
      AP,; AFP  -  431 words
    • Article
      Lock icon Foreign investments in Guangdong dive as reforms bite
      301 4 Reuter BEIJING China's Jan I "big bang" of tax, monetary and legal reforms and new eurbs on property development have slowed foreign investment in booming Guangdong province, the China Daily said. The newspaper said approvals for foreign funded projects had plunged 33
      Reuter  -  301 words
    • Article, Illustration
      Lock icon CIA reveals how Beijing manipulated US leaders
      649 4 Los Angeles Times WASHINGTON A long-se-cret, two-volume history of United States-China negotiations, released by the CIA to the Los Angeles Times, shows how Chinese leaders repeatedly manipulated top officials from the Nixon through the Reagan years, often by playing them off against their
      Los Angeles Times  -  649 words
    • Article, Illustration
      Lock icon Shanghai workers set a first in buying factory from state
      444 4 Reuter SHANGHAI A group of 202 Shanghai workers have done perhaps what Karl Marx intended all along they have bought their own factory from the state and become its sole owners, the first such case in China's biggest city. Their
      Reuter  -  444 words
    • Article
      Lock icon China factor behind Star TV's dumping of BBC: Murdoch
      429 4 Reuter LONDON Media tycoon Rupert Murdoch admitted in an interview his Star TV's decision to drop BBC World Service Television from its satellite broadcast tQ .China was influenced by Chinese authorities. "(Critics) say it's a cowardly way, but we said that
      Reuter  -  429 words
    • CHINA WATCH
      • Article
        Lock icon Taiwan to halve defence research force
        100 4 Reuter TAIPEI Taiwan's national defencc research centre will cut its workforce by 50 per cent within four years because of increased access to foreign weapons in recent years, a local newspaper said yesterday. The China Times said the Chungshan Institute of Science and Technology,
        Reuter  -  100 words
      • Article
        Lock icon China acts against gold black-market
        120 4 Bloomberg Business News LONDON China plans to crack down on illegal black market gold trading from the end of June in a bid to re-establish the state's monopoly of precious metals, the Financial Times said yesterday. China's central bank, the People's Bank, said futures trading
        Bloomberg Business News  -  120 words
      • Article
        Lock icon Taiwan investors wary after lake murder
        108 4 UPI TAIPEI The murder of 24 Taiwanese tourists on March 31 in China will make Taiwan businesses think twice before investing in the mainland, officials said yesterday. China issued the death sentence on Sunday to three men charged with robbing 32 people, including 24
        UPI  -  108 words
      • Article
        Lock icon Tibetans live longer: China paper
        102 4 UPI BEIJING Tibetans live longer, enjoy free medical care and are allowed to have as many children as they want, an official Chinese newspaper said yesterday. "The living standards of Tibet's agricultural and pastoral people have been raised enormously," Tu Deng, director of Tibet's Public
        UPI  -  102 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      24 4 (WORLDWIDE RESERVATIONS: UTELL INTERNATIONAL) HOTEL EQUATORIAL KUALA LUMPUR, JALAN SULTAN ISMAIL, ***** KUALA LUMPUR, MALAYSIA. TEL: (601) 261-7777 EXT. 8000 I AX: (601) 261-9020.
      24 words
Page thumbnail Page 5
  • REST OF ASIA
    • Article
      Lock icon Aussie ruling party divided over plans to sell state assets
      386 5 AFP SYDNEY Divisions in Australia's governing Labor Party over privatisation re-emerged during party conferences which ended yesterday, with demands for new taxes on the rich instead of more sales of state assets. One leading left-winger, Justice Minister Duncan Kerr, told
      AFP  -  386 words
    • Article
      US-Japan trade row mil escalate, says academic
      309 5  -  From Florence Chong in SYDNEY DESPITE the end to the impasse in trade talks between Japan and the United States, leading US academic Walter Goldstein believes the two countries are headed for bitter trade frictions. Japan and the US agreed last month to
      309 words
    • Article
      Lock icon Ovation for Rajiv's widow sparks talk of political plans
      306 5 AFP NEW DELHI Sonia Gandhi's surprise appearance at a meeting of India's ruling party has sparked intense speculation that the Italian-born widow of former premier Rajiv Gandhi may be preparing to enter politics. In her first political foray since her husband's
      AFP  -  306 words
    • Article, Illustration
      Lock icon Royal family visits Freer Gallery of Art
      36 5 Reuter WASHINGTON Japanese Emperor Akihito and Empress Michiko walking through the Freer Gallery of Art on Sunday. The emperor is in the midst of a 16-day goodwill US tour.
      Reuter  -  36 words
    • ASIA NOTES
      • Article
        Lock icon Japanese official denies reports of delay
        128 5 Knight-Ridder TOKYO Hideaki Kumano, vice-minister of international trade and industry, yesterday denied recent news reports saying that a US-Japan trade accord on the auto sector would be delayed. But Mr Kumano said it would be difficult to predict which of the three priority sectors
        Knight-Ridder  -  128 words
      • Article
        Lock icon Aussie group wants curb on property sales
        93 5 Bernama MELBOURNE An Australian group has stepped up its campaign to stop foreigners from snapping up Australian commercial properties which are being acquired by Asians at bargain prices. The Australian Owned Companies Association has been pressing the Federal Government to introduce measures to
        Bernama  -  93 words
      • Article
        Lock icon Aussie police open Asian hotline
        120 5 AFP SYDNEY Australian police have opened a hotline codenamed Operation Thunderbolt to pierce a wall of silence shielding drug gangs and other Asian criminals. New South Wales state police started the service last week with operators fluent in Cantonese, Mandarin and Vietnamese taking down information
        AFP  -  120 words
      • Article
        Lock icon Seminars to promote Viet exports
        71 5 AFP TOKYO Japan's semi-official Pacific Resources Exchange Centre said yesterday that it would hold seminars in Vietnam to provide management skills to government officials and business managers there. The seminars in Ho Chi Minh City and Hanoi from June 14 to 24 are designed to
        AFP  -  71 words
    • Article
      Lock icon Japan considers extending one-year tax cut
      199 5 Bloomberg Business News TOKYO Japanese Finance Minister Hirohisa Fujii said the government is considering extending a tax cut beyond the current year. The ruling coalition government's general account budget for the year that began on April 1 includes a 5.4 trillion yen (5575.6 billion)
      Bloomberg Business News  -  199 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      234 5 Standard Chartered has long maintained one of the enhance the quality of our service in established areas of the rest of Asia and indeed the world -in areas from operate an international network. It is a question of most extensive banking networks in Asia embracing strength, such as treasury, trade
      234 words
Page thumbnail Page 6
  • FOCUS
    • Article, Illustration
      Lock icon Derivatives market needs closer scrutiny: BIS
      601 6 Bank for International Settlements annual report Reuter BASLH, Switzerland The rapid growth of business in financial derivatives last year, and heavy losses by some market players, underlines the need for closer monitoring of the business, the Bank for International Settlements said. "These losses and
      Reuter  -  601 words
    • Article
      Lock icon More economic reforms necessary for China: study
      249 6 Reuter BASLE. Switzerland China must deal with regional income disparities, potential inflationary effects and the government's lack of adequate fiscal and monetary tools, the BIS annual report says. The BIS says Chinese authorities would find it difficult to impose rigorous controls on inefficient
      Reuter  -  249 words
    • Article
      Lock icon Rigid exchange rates may not bring currency stability
      540 6 Reuter BASLE, Switzerland Currency stability since last August's widening of the ERM bands suggests that sound policies may work better than rigid arrangements, the Bank for International Settlements said yesterday. "Indeed, it raises the question of whether, in today's world, the maximum
      Reuter  -  540 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      110 6 A World Of Knowledge Arrives In Singapore With The University Of Leeds. y~ y' w f John Wesleu Centre in Singapore. P' n 'J"" w > 6 r The Official Launch will be officiated by The facilities are excellent with Colonel \lan Roberts attend this informative meeting, a 200-seat theaterette,
      110 words
Page thumbnail Page 7
  • THE WORLD
    • Article, Illustration
      Lock icon European voters voice their protest in EU polls
      380 7 Reuter BRUSSELS The people of Western Europe, battered by economic recession, delivered a sharp protest to many governments and the mainstream political establishment in elections for the European Parliament. In some countries, extremist and maverick parties on the right or left posted
      Reuter; AFP  -  380 words
    • Article
      Britons take a left turn away from Major
      270 7  -  From Neville Stack in LONDON WHILE the rest of Europe swung to the centre-right in their elections for the European parliament, Britain turned left. Despite Prime Minister John Major's attempt to please the Euro-sceptical faction of his party, the voters gave him
      270 words
    • Article
      Lock icon Global monetary system needs major revamp: report
      307 7 Knight-Ridder LONDON An extensive reshaping of the global monetary system, including a return to a more managed system of exchange rates, has been proposed by the Brctton Woods Commission, The Guardian newspaper said yesterday. The confidential final report of the commission, headed by
      Knight-Ridder  -  307 words
    • Article
      Lock icon Inflation fears unfounded: Bundesbank member
      205 7 Bloomberg Business News HAMBURG Hans-Juergen Krupp, a member of the Bundesbank's policy-making council, says there is no reason for rekindled inflation fears in Germany. Mr Krupp yesterday said German interest rates were still too high for the slowly recovering economy and he expected further reductions
      Bloomberg Business News  -  205 words
    • WORLD WATCH
      • Article
        Lock icon Gaidar elected head of new Russian party
        69 7 AP MOSCOW Yegor Gaidar, the former economics czar in Boris Yeltsin's government, won strong endorsement yesterday as head of a new political party that hopes to strengthen reform forces and the growth of a market economy. Mr Gaidar was elected chairman of Russia's
        AP  -  69 words
      • Article
        Lock icon Explosion closes busy UK rail line
        103 7 Reuter LONDON British police yesterday said an explosion had forced the closure of a busy commuter rail line. Nobody was reported injured in the explosion near Stevenage, north of London. "This follows two bomb threats, one to the London-Steven-age lines and the second to
        Reuter  -  103 words
      • Article
        Lock icon Battery-farming hens in distress: study
        109 7 Reuter LONDON Animal welfare campaigners on Sunday welcomed a scientific report saying that battery farming causes hens great distress and renewed their calls for humane methods of egg production. The report by a government adviser on animal health says egg-laying hens which are closely confined
        Reuter  -  109 words
      • Article, Illustration
        Lock icon Lots of oompas on Queen E's birthday
        37 7 Reuter LONDON Musicians from Britain's Household Division playing their tubas during the Trooping the Colour ceremony in Horseguards Parade on Saturday. The annual event marked Queen Elizabeth's official birthday. Reuter
        Reuter  -  37 words
      • Article
        Lock icon Palestinian group to invest in W Bank
        61 7 Reuter JERUSALEM A large investment group made up of Palestinian businessmen living abroad is visiting the West Bank and Gaza this week and plans to set up an office, a leading West Bank businessman said on Sunday. The Palestine Investment and Development Company
        Reuter  -  61 words
    • Article
      Lock icon Ozone campaign takes toll on global output of CFCs
      456 8 NYT WASHINGTON Global production of chlorofluorocarbon gases, which scientists say are responsible for holes in the earth's ozone layer, has plummeted since 1988, according to a US report. The fall is the most striking success to date of the worldwide campaign
      NYT  -  456 words
    • Article
      Lock icon German arrested, two firms probed on charges of nuclear tech sales to Pakistan
      425 8 Reuter BONN, Germany A German businessman has been arrested and two companies are under investigation by public prosecutors on charges of selling equipment to Pakistan needed to enrich uranium for bombs, German television said on Sunday. According
      Reuter  -  425 words
    • Article, Illustration
      Lock icon Toeing the line
      54 8 Reuter FRANKFURT French tightrope artiste Philippe Petit walking 300 m across Frankfurt's city skyline on Sunday 50m to 80m above the ground. His performance was part of the city's 1,200 th anniversary celebrations. Those who are tense about the European elections should feel glad they're not in
      Reuter  -  54 words
    • Article
      Lock icon Summit of Latin leaders to focus on economic, social ties
      239 8 AFP CARTAGENA, Colombia Latin American leaders hope to build cooperation on economic and social policies at an annual presidential summit starting here today. Nineteen leaders from Latin America, Spain, Portugal and the Caribbean are to attend the summit here, on
      AFP  -  239 words
    • Article
      Lock icon African leaders meet amid new hope, but Mandela tempers messiah expectations
      352 8 AP TUNIS Bolstered by the moral authority of South African President Nelson Mandela, African leaders met here yesterday to breathe new life into the rhetoric of solidarity and reverse a cycle of conflicts sapping the continent. But Mr Mandela
      AP  -  352 words
    • Article, Illustration
      Lock icon Clinton's temper has cooled after first year in office, says key adviser
      438 8 Reuter WASHINGTON President Bill Clinton is not losing his temper as often as he did during his "frustrated" first year in office, a senior adviser said on Sunday. David Gergen, counsellor to the president, told CBS television's "Face
      Reuter  -  438 words
    • Article
      Lock icon Globalisation not a major cause of OECD unemployment: report
      421 8 But it has led to sweeping changes FT LONDON The Paris-based OECD has cleared globalisation of contributing to the sharp rise in unemployment in the industrialised countries to about 35 million today. Although the Organisation for Economic Cooperation and Development said
      FT  -  421 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      335 7 Poor showing by UK govt could heighten markets' worries, Pg 21 1 V Perkaps tke most curious the afore-mentionej realities. A superior lifestyle, with all the mvtk surrounding Rolls-Royce cars is tke moment B tkou^kt reaJily ®§f wealtK and entkusiasm to J 1 tier M*nr> Ouetn Ch.«l»th II alleged conservatism
      335 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      95 8 An Eye for the Finer Points in Writing I*-'**•1 << f. i^m The unl-ball micro ÜBISO has been transformed into a fine writing accessory. The stainless steel precision tip and controlled ink flow system ensures k smooth writing performance. Its unique see-through ink reservoir shows ink balance right down to
      95 words
    • Advertisement
      Page 8 Advertisements Column 2
      88 8 5 *^y »lm\ An intelligent 25-storey office tower to be augmented later with two 8-storey industrial blocks. With all the amenities and facilities that only a state-of-the-art complex can have. And nestled in a favourable location that offers easy accessibility to enhance business communications. For more details on how your
      88 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      183 9 IW4 hour Srtioni Hotels Ltd A*, The biggest news hotek is actually rather small ana intimate. In troduci n g Four Seasons Hotel Singapore. With just 257 rooms, we're hardly Singapore s largest hotel. But the very fact that we re small allows us to attend to even the tiniest
      183 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      667 10 fesgfl Noll nig Beats A BudgnuNO or FRESH .PASTA bAI LY. W from Pasta Fre sea. The only restaurant to maka its own spocialty pasta. everyday. Savour perfect pizza, great geiati and terrific tiromisu All topped with Italian hospitality. >AOSv Po»ta Fresco Do SoKoto«• ltd 30 800 l Quay SI0104)
      667 words
    • Advertisement
      Page 10 Advertisements Column 2
      332 10 WHERE TO WINE, DINE AND ENTERTAIN The 4th Singapore Jigsaw Puzzle Coiqpetition '94 Come one. Come all. We've a brand new Mystery Miniature Puzzles top of all the other exciting happens this year. Plus super cash prizes. There are altogether four categories. Heats June 12 &19 i J Grand Final
      332 words
    • Advertisement
      Page 10 Advertisements Column 3
      417 10 =^gi fancy Heijing? Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian %in 'Beijing dumplings, a selection of set menus, and Heijing specialities such as 'Beijing 'DucSi, "Bafyd Tench and HES*®®/ 'Marinated Lamb, fancy some nowt RESTAUMVT O/Maru/tmrt
      417 words
Page thumbnail Page 11
  • LIFESTYLE
    • Article, Illustration
      Lock icon Sondheim's Passion slays the Beast
      757 11  -  Christopher Michaud was present at the Tony awards ceremony Christopher Michaud Reuter Broadway opted for art over commerce on Sunday night as Stephen Sondheim's dark, controversial musical Passion won four Tonys including the coveted Best Musical, while the lavish Disney hit Beauty And The Beast
      Reuter  -  757 words
    • Article
      Lock icon A dog's life indeed
      369 11 CHATTERBOX UPI AP AP AP BIG stars often lay down rules about their appearances in magazines don't shoot my bad side, I want to be on the left so my name comes first in the caption. According to TV Guide. one of the biggest prima donas
      UPI; AP  -  369 words
    • Article, Illustration
      The bogey man cometh
      592 11  -  Singapore Festival of Arts Juliette Walker went to see the Tax-Man Juliette Walker Everyone has his own little recurring nightmare. Perhaps of getting stuck in a lift with Saddam Hussein, struggling through a blind-date with Danny DeVito, or being chased by a man-eating Merlion through Singapore's
      592 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      107 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
      107 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1222 11 TV RADIO Nine the Ninja, rcrrorists kidnap a bunch of -f fiKfl and Congressmen. So mfl HL vshat choice do the authorities j to send a Dart |L jH^Hj team that has Sho Kosugi a -*r~ ninja who is also called in to v^H |^^L/7 r f The story revolves
      1,222 words
Page thumbnail Page 12
  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Kuok condo launch in three cities
      480 12  -  Abdul Hadhi has details on the Vancouver project, a pure oval building said to be the world's first Abdul Hadhi T4E kuok Group's condominium development in downtown Vancouver The Palisades will be launched simultaneously in Singapore, Hongkong and Vancouver on June 18. Although local
      480 words
    • Article
      How disaster led YHS towards property windfall
      440 12  -  By Lee Han Shih IT WAS a disaster that gave listed Yeo Hiap Seng Ltd its properties in Bukit Timah, which now account for such a large part of its assets. li The disaster was the Japanese invasion of Singapore during World War
      440 words
    • Article
      PROPERTY WATCH
      351 12 Selected transections In the pest week 1 i •>?(«!*) TtnUf PRIVATE June6 2057 Thomson View Condo Condo 3 1 20 14 730,000 362 June 6* 1852 MeMtePair t Condo 3 1 0 1313 L99 625,000 476 June 6 1026 j Promises Garden j Condo 2 0 807 FH
      351 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      52 12 frSrggjf PORT SHOTS W The ,atest Jn sea alr vsii?B and lancS trans p° rtation Shipping Times Monday to Friday. r I 1 Business Times ■cowAM (fy/ ne of the most modern, hi-tech environments in Asia. And beneath it, Seoul city centre. fe IJjttA kV) 1 VISIT KOREA r* 1.
      52 words
Page thumbnail Page 13
  • SPORTS
    • Article, Illustration
      Lock icon Cassell propels Rockets to 2-1 lead
      448 13 NBA Finals AFP NEW YORK Rookie Sam Cassell sank a 3-point shot and four free throws in the final 34 seconds here on Sunday, giving Houston a 93-89 victory over New York in Game 3 of the National Basketball Association finals. The victory gave
      AFP  -  448 words
    • Article
      Lock icon Spike Lee adopts indomitable Lions
      253 13 AFP LOS ANGELES, California American film-maker Spike Lee, long known as a basketball fanatic, has turned soccer supporter for the World Cup, with special affection for the African teams in the finals. Lee, whose courtside antics on behalf of the NY Knicks have enlivened this
      AFP  -  253 words
    • Article
      Lock icon Houston avoids fourth-quarter collapse
      665 13 NYT NEW YORK The Houston Rockets had led the whole way, were fading again in the fourth quarter and, with~s:o6 left, were forced to call time out on the brink of total collapse in Sunday night's Game 3 of the NBA Finals. The 19,763 crammed into
      NYT  -  665 words
    • Article, Illustration
      Jennings now wants to keep the ball in, not out
      670 13  -  By Shahiron Sahari LEGENDARY soccer goalkeeper Fat Jennings has spent half his life preventing balls from going into their targets now he spends his time making sure they go in. Jennings, who played for Northern Ireland in the 1982 and
      670 words
    • Article
      Lock icon Sampras ready to defend Wimbledon title despite problems
      481 13 Reuter LONDON Despite forgetting his lines in the last rehearsal, Pete Sampras feels he is as ready as he can be for the first night. A week before he starts the defence of his Wimbledon title, the 22-year-old world No I is
      Reuter  -  481 words
    • SIDE LINES
      • Article
        Lock icon World Cup? What's that?
        102 13 AFP CALCUTTA World Cup fever may be on the rise but it has not apparently spread to the US consulate in this Indian metropolis. The chief sports correspondent for the Calcutta newspaper The Telegraph recounted the following conversation between a US visa officer and former Indian
        AFP  -  102 words
      • Article
        Lock icon Tyson hoping for early prison exit
        109 13 AP INDIANAPOLIS Mike Tyson faced what could be his final bid for early freedom yesterday, appearing before a judge to ask that his six-year sentence for rape be shortened to the time he's already served. The former heavyweight boxing champion has spent 26 months
        AP  -  109 words
      • Article
        Lock icon Allenby wins sudden-death play-off
        96 13 AP ALVESLOHE, Germany Australia's Robert Allenby won his first PGA European Tour event on Sunday when Spain's Miguel Angel Jimenez bogeyed the third hole of a sudden-death play-off at the U*****,000 (SS 1.15 million) Honda Open. Allenby ended regulation at 12-under-par 276 tied with Jimenez, who
        AP  -  96 words
      • Article
        Lock icon Neumann's eagle shot seals title
        85 13 AFP BROOKLYN PARK, Minnesota Sweden's Liselotte Neumann sank an eagle shot on the 12th hole and birdied the 15th to win the US$5OO,OOO (*****,000) LPGA Minnesota Classic by two strokes over Japan's Hiromi Kobayashi. Neumann won her first title of the LPGA season and the
        AFP  -  85 words
      • Article
        Lock icon Wales gets revenge over Canada
        143 13 AFP TORONTO Wales has avenged one of their most embarrassing rugby setbacks with a 33-15 demolition of Canada in a one-off Test. It will have helped dull the memory of Wales' stunning 24-26 defeat by Canada at Cardiff Arms Park last November. This time, it
        AFP  -  143 words
    • SCORE CARD
      • Article, Illustration
        Golf
        182 13 HARRISON, New York PGA Westchester Classic final Sunday (US unless noted): 268 Lee Janzen 69 69 64 66 271 Ernie Els (SA) 68 66 69 68 274 Jay Haas 68 70 69 67, Brad Faxon 70 68 70 66 276 Bob Burns 71 67 70 68, Steve Pate 66
        182 words
      • Article, Illustration
        Indy racing
        96 13 DETROIT, Michigan Leading finishers at the Indycar 161.7-mile, 77-lap race on Sunday (driver, country, make of car, number of laps completed): I Paul Tracy (Can) Penske llmor. 86.245mp; breaks race record set by Danny Sullivan (US), 83.116mph; margin of victory, 9.2495 ec; 77 laps. 2 Emerson Fittipaldi (Bra)
        96 words
      • Article, Illustration
        Motor-racing
        62 13 MONTREAL Result of Sunday's Canadian Grand Prix revised following the disqualification of Brazil's Christian Fittipaldi Race distance 69 laps (305.670 ka* 1 Michael Schumacher (Ger) Benetton Ihr 44min 31.8875 ec (average speed 176.243 kmh) 2 Damon Hill (Brit) Williams 39.6605 ec behind 3 Jean Alesi (Fra) Ferrrai 1:13.388 4
        62 words
      • Article, Illustration
        Tennis
        39 13 BIRMINGHAM, E"gta»d Edgbaston Women's grass coal tournament finals Sunday Singles: Lori McNeil (US) b Zina Garrison-Jack-son (US) 6-2 6-2. LONDON Queen's Club men's grass court tournament finals Sunday Singles: Todd Martin (US) b Pete Sampras (US) 7-6 7-6.
        39 words
    • Article, Illustration
      Lock icon Janzen outduels Els to win Buick Classic
      436 13 <;o AP HARRISON, New York Lee Janzen out-birdied Ernie Els in a head-to-head duel of rising stars on Sunday to win the Buick Classic by three strokes. The victory was Janzen's first since he won the US Open 51 weeks ago at Baltusrol
      AP  -  436 words
Page thumbnail Page 14
  • Article
    Ramos reforms the Philippines
    520 14 TWO YEARS ago it was fashionable to dismiss the Philippines as East Asia's basketcase, the region's laggard economy that would never get its act together. The country had then just emerged from a volatile six-year period that was characterised by a series of disasters, natural as
    520 words
  • Article
    Losers all in Pakistan?
    196 14 PRIME MINISTER Benazir Bhutto's mother and brother possibly find it galling that she should be the man in the family. But this is no excuse for either to treat the ruling Pakistan People's Party (PPP) as a private fief, or try to destabilise the country for
    196 words
  • Article
    Looking beyond our borders
    161 14 THE PARTICIPATION of 100 Singaporean mountain climbers in the recent operation to clean up Mount Ophir is something Singaporeans in general can be proud of. Together with about 200 Malaysians, they collected two tonnes of litter from the mountain that has become a playground for nature
    161 words
  • Article
    Welcome tighter supervision
    130 14 THE MEASURES being taken to cope with problem loans and the new mechanism of bank supervision being implemented by the monetary authority reassure us of the long-term, sound foundation of the banking industry. The US$44O million loan scandal at the State Development Bank of Indonesia (Bapindo) seemed
    130 words
  • Article
    Metamorphosis or ignominy
    116 14 THE United Nations, structured to reflect the voice of victory, is now, more than ever, an anachronism brought on paradoxically by its own phenomenal success. It now embraces a world of sovereign nations, each wanting its own national interests heard. The permanent members no longer reflect the
    116 words
  • Article
    In a more orderly manner now
    168 14 SO THERE can still be reverse takeovers and backdoor listings after all. Only that they will now be undertaken in a more orderly manner, thanks to guidelines announced by the Securities Commission in April. Transparency is the key word here, and the principal intention
    168 words
  • Article
    The options open to Pyongyang
    257 14 PRESIDENT Kim II Sung has told visiting US scholars that North Korea is willing to cease all nuclear plans in exchange for American recognition in the international scene. He also wants the United States to lift all its restrictions on North Korea since the Korean
    257 words
  • Article, Illustration
    Back the right horse now
    1127 14  -  Plans to arm the Royal Cambodian Army should be pushed through speedily to help it win the war against the Khmer Rouge, says Harish Menta Harish Menta The story of the Khmer Rouge is a continuing travesty of justice. Killers of over a million Cambodians
    1,127 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      267 14 B 'i -UShklv 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 I|V r any other publication. Some may call it an unfair IJ| l|\ /I advantage. We at
      267 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      58 14 C-FNN TO TVt CHP\p CPU. good Mou>S RjDGG. Goes O* W- RfMHpr\P>*€Jg WOUDftW H£*T u)e€X... lp== 7 _Si- tuocMIM W»f if W ITO. 92Q* POONESBURY GARRY TRUDEAU [0 P"— *£Ll, IP RATHER UJELLJHEN YOU HAVSTWO ALSO,UHAT\ HZJH&&V L NJT THINK ABOUT* kanokl I INeM,rTS6fD9S. Y? WW&QTOTH&eM&i.SO, PfOPUCa IN rr FOR.
      58 words
Page thumbnail Page 15
  • ANALYSIS
    • Article, Illustration
      D-Day on the Korean peninsula?
      1647 15  -  While Leon Hadar discusses Washington's dilemma in figuring out an appropriate response to Pyongyang's presumed nuclear threat and what might happen if war erupted, David Sanger examines South Korean concern that big power agendas are directing the confrontation Leon Hadar David Sanger The writer is
      1,647 words
    • Article
      Lock icon Worried about more than just the nukes
      1494 15 NYT THE PLOT of South Korea's best-selling thriller seems right out of the evening news. The country's long-time enemy threatens it with annihilation, and the government in Seoul, after deceiving the White House and the CIA, secretly develops its own nuclear weapon in
      NYT  -  1,494 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      139 15 "I deal in cameras. Andlknow whereto get good exposure." W for (jujcki PT *****18 (Su -"*r» »Jr!v? •ccessoriei, I Call today for results tomorrow. 737-1166 i rrri /-yt jy •1 i J t most prestigious 1 mr jtfl jtUV At In£ LrWISBU Closeto Buckingham Palace, Hyde Park, HarrodsAt Harvey Nichols,
      139 words
Page thumbnail Page 16
  • Article, Illustration
    Lock icon N Korea pulls out of IAEA, South calls up 6.6m reservists
    437 16 Reuter. AP SEOUL Pyongyang pulled out of the United Nations International Atomic Energy Agency (lAEA) yesterday and South Korea ordered a call-up of its 6.6 million reservists for what is to be one of its biggest civil defence drills
    Reuter.; AP  -  437 words
  • Article
    Lock icon KL plans electric train line linking Johor and Kedah
    414 16 MBT KUALA LUMPUR After the North-South Highway, the government is now set to construct an electric train line that will link Johor Baru in the south and Bukit Kayu Hitam in Kedah. Prime Minister Mahathir Mohamad yesterday said a study on
    MBT  -  414 words
  • Article
    Lock icon Jakarta to impose sanctions on press over reports on warship purchase
    143 16 Reuter, AP JAKARTA Indonesia will take action against newspapers that report on a conflict among officials over the controversial purchase of 39 former East German warships. Information Minister Harmoko says. "Basically, if it violates (press laws), it will be
    Reuter,; AP  -  143 words
  • Article
    Lock icon US May consumer prices seen rising, fanning inflation fears
    427 16 Reuter WASHINGTON American consumer prices are cxpccted to rise for the fourth straight month in May, which may reinforce bond market fears of higher inflation. Wall Street analysts said yesterday. The consumer price index, due for release at 0830 EDT/1230 GMT
    Reuter  -  427 words
  • Article
    Lock icon German, French telecom giants close Sprint deal
    252 16 Reuter BONN State telephone monopolies in Germany and France, which announced a strategic alliance last year, have closed a deal to cooperate with the US carrier Sprint Corp, Deutsche Bundespost Telekom sources said yesterday. Separately, Deutsche Telekom said company chairman Helmut Rickc will
    Reuter  -  252 words
  • Article
    Lock icon Ziff Communications could fetch US$2b from auction of assets
    281 16 Bloomberg Business News NEW YORK Ziff Communications Co, one ol the United States' largest privately held media concerns, has put itself on the auction block and could fetch as much as US$2 billion (Ss3 billion). The sale of New Yorkbased Ziff
    Bloomberg Business News  -  281 words
  • Article, Illustration
    A free trade world — Utopia or Animal Farm?
    904 16  - A free trade world Utopia or Animal Farm? The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent MUSING upon the soon-to-be-ratificd Uruguay Round, which is designed to take the worid a long stride further down the Gatt road towards free trade in everything from agriculture to
    904 words
  • Article, Illustration
    Lock icon Thailand plans 120b-baht investment in six superhighways
    307 16 BANGKOK The Thai Transport and Communications Ministry is planning a 120 billion baht (557.3 billion) investment in the construction of six four-lane superhighways, the Bangkok Host said yesterday. The network, covering a total of about 2,400 kilometres, will link Myanmar and Laos and
    Source: Transport & Communication Ministry of Thailand  -  307 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      87 16 f Nitsuko jg Digital Keyphone Systems f leading Edge Technology FULL SERVICE OFFICES I nlln lurnislied exeeutive suites I nll-i ime stall at \ourser\iee onU renee rooms lull support iiiLi up-to-date labilities Si rat e«_£ie 1< >eal i< >11 Ideal lor one/l\vo person set-up a \ci"v reasonable rates. A AHSot.t
      87 words
    • Advertisement
      Page 16 Advertisements Column 2
      26 16 f Distributor: Jel: 271 70SS r, r i7C 7 cqa Singapore Communications Equipment Co Pic Ltd 1 QA i 4/0 I U w J Qiality Service
      26 words
Page thumbnail Page 17
  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        39 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring. Daiwa. Fraser, Kay Hian, OngCo, Nomura. Smith New Court and Tat Lee
        39 words
      • Article, Illustration
        HOT STOCK
        135 17  -  ■By Paul Leo Asia Pacific Land at $1.33 is a medium-term buy. The weekly Relative Strength Index is near 25 and any further price weakness will push the stock into oversold region. The price has also crossed the 13-day and 13-week moving average lines, which is positive. A
        135 words
    • Article, Illustration
      Lock icon NOL delays listing of subsidiary on Nasdaq
      334 17  -  By Ramesh Divyanathan SINGAPORE Neptune Orient Lines has postponed the listing of a subsidiary on the US secondary market Nasdaq three months after announcing the plan. The carrier said in a brief statement yesterday that the initial public offering of American Eagle Tankers
      Source: Bloomberg  -  334 words
    • Article
      Liang Huat in China aluminium venture
      336 17  -  By Shiv Taneja SINGAPORE Liang Huat Aluminium, whose IPO closes tomorrow at noon, has acquired its first aluminium fabrication facility overseas. Liang Huat said yesterday that the acquisition, a 47.5 per cent stake in Dongguan Glad Tone Aluminium Products Ltd for HK52.27 million (*****,000).
      336 words
    • Article
      Lock icon Ayer Hitam Tin to move into property
      388 17 Koperasi Polis, Duta Yap aim to turn around ailing firm NST KUALA LUMPUR Ayer Hitam Tin Dredging will be transformed into a propertybased company under its new controlling shareholders. The former tin-miner is involved in the outdoor advertising business but its new owners
      NST  -  388 words
    • Article, Illustration
      Lock icon Granite's inept handling of China slot-machine debacle is set in stone
      734 17  -  HOCK LOCK SIEW By Agnes Chen SINGAPORE Granite Industries Bhd appears to have stonewalled stock analysts, investors and the market at large for nearly two months. Whatever the fate of its slot machine operations in China, the way the
      Source: Bloomberg  -  734 words
    • Article
      Rival Yeo faction courting Ng Teng Fong's support
      490 17  -  By Genevieve Cua THE family faction fighting Yeo Hiap Seng chairman Alan Yeo for control of the soft-drinks maker is lobbying institutional shareholders for his removal. Chief among those the faction seeks to woo are companies representing property tycoon Ng Teng Fong,
      490 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Compact-linked firm in Aussie tie-up
          87 18 SINGAPORE Compact Metal Industries (CMI) announced yesterday that an Indonesian-based associated company has entered into a joint venture with an Australian firm to supply equipment for a billet casting system. P T Cakra Compact Aluminium Industries, which is 50 per cent owned by CMI, will
          87 words
        • Article
          Lock icon Aussie firm vital to Tronoh's outlook
          77 18 Bernama KUALA LUMPUR Tronoh Mines (M) Bhd's outlook for the current, year is dependent on the performance of its associated company in Australia, said chairman Ibrahim Menudin. Plutonic Resources Ltd turned in record results last year and contributed substantially to the Tronoh group's results,
          Bernama  -  77 words
        • Article
          Lock icon Gopeng's diversification pays off
          54 18 Bernama KUALA LUMPUR Gopeng Berhad's decision to diversify into construction has been rewarding, says executive chairman Mohamed Hamdan Hazizi. The sector had registered strong growth rates in excess of 20 per cent and was expected to sustain this level through 1997/1998, he said in the Gopeng
          Bernama  -  54 words
        • Article
          Lock icon Berjaya Leisure unit's acquisition
          75 18 Bernama KUALA LUMPUR Berjaya Leisure (Cayman) Limited, a wholly-owned subsidiary of Berjaya Leisure Berhad, has acquired a 92.6 per cent stake in Mount Royal Beach Hotel Ltd for U552.32 million (553.5 million) cash. Berjaya Leisure, in a statement here yesterday, said BL Cayman would ofTer to
          Bernama  -  75 words
        • Article
          Lock icon Road Builder plans bonus, rights issues
          82 18 Bernama KUALA LUMPUR Road Builder (M) Holdings Bhd yesterday proposed a bonus issue, a rights issue and an employee s share option scheme. A Road Builder statement said the proposed three-for-five bonus issue of 32.4 million shares of M$ 1 each would be capitalised
          Bernama  -  82 words
        • Article
          Lock icon MRCB Telecom gets licence
          58 18 Bernama KUALA LUMPUR MRCB Telecommunication Sdn Bhd, a wholly-owned subsidiary of Malaysian Resources Corporation Bcrhad, was awarded a telecommunication licence by the Minister of Energy, Telecommunication and Post last Friday. The licence authorises MRCB to place, lay, carry or maintain any telecommunication posts, cables or wires
          Bernama  -  58 words
      • Article
        Lock icon Gula Perak to make property development a core activity
        234 18 MBT KUALA LUMPUR Gula Perak Bhd, which is seeing a shift in focus from oil palm cultivation to property development, has a number of projects in the pipeline which will make property development a core activity for the company. The main
        MBT  -  234 words
      • Article
        Lock icon George Kent positive about performance
        192 18 Bernama KUALA LUMPUR George Kent (M) Bhd says the continuing favourable market conditions and strong demand for its key products especially in the water industry will continue to have a positive impact on the group's performance. Chairman Tan Kay Hock said the company's regional expansion
        Bernama  -  192 words
      • Article
        PrimeEast's Manila bank eyes underwriting role abroad
        358 18  -  From Al Labita in MANILA A FILIPINO-Singaporean investment bank will lead underwrite new issues abroad this year, having already clinched underwriting deals locally. Belson-PrimeEast Capital Asia Inc (BPCAI) is a newly formed investment house owned 65 per cent by Manila's Belson Group and
        358 words
      • Article
        Lock icon EMC wins M$20m Berjaya transport deal
        249 18 Bernama KUALA LUMPUR BMC Logistics Bhd, the first mobile crane and transportation services company to be listed on the local bourse, has secured a contract worth Ms2o million (Ssl2 million) from Berjaya Group Bhd for the lattcr's timber concession project on Solomon Island. EMC
        Bernama  -  249 words
      • Article, Illustration
        Lock icon Vietnam tunes up for World Cup
        58 18 AFP HANOI A man loading his motorbike with Sony television sets in front of a television shop in Hanoi yesterday. Ihe World Cup 94 has caused a television-buying frenzy in the capital, as all the football matches will be broadcast live to viewers in
        AFP  -  58 words
      • Article
        Lock icon Glenealy to acquire two timber companies for M$545m
        220 18 Bernama KUALA LUMPUR Glcnealy Plantations (Malaya) is to acquire 100 per cent stakes in Samling Plywood (Baramas) and Samling Plywood (Lawas) for a total of M 5545 million (SS32I million). Samling Baramas will be acquired for MS3OS million, to be satisfied by
        Bernama  -  220 words
      • Article
        Lock icon Bank Pembangunan eyes stakes in 4 firms
        181 18 Bernama KUALA LUMPUR Bank Pembangunan Malaysia Bhd is negotiating to buy equities in several companies, especially non-bumiputra companies. Bank Pembangunan chief executive Nik Ibrahim Abdullah yesterday said the bank was negotiating with four companies to acquire stakes, of which one was a metal-based
        Bernama  -  181 words
      • Article
        More Indon firms opting for bonds instead of IPOs on laden bourse
        529 18  -  MARKET WATCH By Maggie Ford JAKARTA Indonesian listed companies arc moving to tap international bond markets in an effort to restructure local short-term borrowings and diversify sources of funds away from the overburdened stock market. Indonesian borrowing in
        529 words
      • Article
        Lock icon Mulpha expects to perform better in 1994
        239 18 Bernama KUALA LUMPUR Mulpha International Bhd will continue to identify investment opportunities and expects to perform better in 1994 against the backdrop of the projected strong performance of the Malaysian economy. Chairman Michael Chen Wing Sum said in the company's 1993 annual report,
        Bernama  -  239 words
      • Article
        UNIT TRUSTS & FUNDS
        539 18 UNIT TRUSTS FUNDS Managers pricM (S) Jun 14 UMB Invest Mgt Ltd p: ii_u t„..| Unifund 1.45 1.51 Singapore unn i nisi umbondF 103 ioss I he Commerce 1.65 l.75*d United Or Fund 1.61 1.75 The Savings Fund 154 1.63 United As«a Fund 167 l.77« Spore Prog Fund 0 70
        539 words
      • Article
        DIVIDENDS ANNOUNCED
        1160 18 Payment Fx Books Pay dale dose date \BK Hldgs 5* F 9 Jun 29 Jul 5 Jul 13 \cma F 10 Jun 14 Jun 20 Jul Amcol 25* F 20 Jul 26 Aug I Aug 23 Apollo b 2.5 Jun 14 Jun 20 Jun JO Bonvests 50* b
        1,160 words
      • Article
        Lock icon GEC-Alsthom to sign US$2b S Korean train deal — finally
        410 19 GEC-Alsthom to sign US$2b S Korean train deal finally AFP SEOUL South Korea will sign a US$2 billion (Ss3 billion) contract today with GECAlsthom to build the country's first high-speed trains, closing a 36-month saga of cut-throat negotiations. The battle for the project jokingly likened by business circles to the
        AFP  -  410 words
      • Article
        Lock icon Pakistan Oilfields to plough in 1.2b rupees
        186 19 Reuter ISLAMABAD Pakistan Oilfields Ltd will invest 1.2 billion rupees (Ss4B million) in oil exploration in Pakistan in fiscal 1994/95 (July/June). "The money will be spent on exploration for oil at three new places besides reviving old oil wells," POL chief executive Usman
        Reuter  -  186 words
      • Article
        Lock icon China's Laiwu plans to list shares in HK, ADRs in US
        168 19 Bloomberg Business News HONGKONG China's Laiwu Iron and Steel Co, which produces iron, steel and nonferrous metals, plans to seek listing for its 'H' shares in Hongkong and American Depositary Receipts (ADRs) in New York. The South China Sunday
        Bloomberg Business News  -  168 words
      • COMPANY BRIEFS
        • Article
          Lock icon Euro Disney offer opens Monday
          68 19 Reuter PARIS Subscriptions to Euro Disney's rights offering will open on June 20 and close on July 11 inclusive, the company said. It confirmed the price will be 10 francs per share and the rights issued on the basis of seven new shares for every
          Reuter  -  68 words
        • Article
          Lock icon American Standard in China tie-up
          86 19 Bloomberg Business News HONGKONG New York-based American Standard Inc, which makes bathroom and kitchen fixtures and fittings, has teamed up with units of Hongkong investment bank Peregrine Investment Holdings and international banking group HSBC (Holdings) to form a HKSB6O million (Ssl7s million) investment company in
          Bloomberg Business News  -  86 words
        • Article
          Lock icon Sega eyes European cable TV market
          60 19 Reuter TOKYO Sega Enterprises Ltd plans to supply video game software through cable television networks in Europe, a Sega spokesman said. The company hopes to launch the business in Europe as early as 1995, starting in France. Sega is likely to establish a joint
          Reuter  -  60 words
        • Article
          Lock icon Hopewell signs China bridge deal
          81 19 Reuter HONGKONG Hopewell Holdings Ltd has signed a contract to build the 2.74 billion renminbi (SS4B9 million) Hu Men bridge in China's southern province of Guangdong, China News Service reported. Hopewell holds a 30 per cent stake in the project, while the rest is owned
          Reuter  -  81 words
        • Article
          Lock icon ICI plans Pakistan plant
          71 19 Reuter LONDON Imperial Chemical Industries pic said it is considering constructing a plant in Pakistan for making pure terephthalic acid, used to make polyester fibre. The "world-scale plant was subject to approval by the ICI board and the Pakistan government. It would have a capacity of
          Reuter  -  71 words
        • Article
          Lock icon Mitsubishi chairman an Allianz adviser
          47 19 AFP TOKYO German insurance giant Allianz AG said Mitsubishi Corp chairman Shinroku Morohashi had bccomc the first Asian executive to join the company's international advisory council. The council, which generally meets once a year, comprises 12 other members from European companies. AFP
          AFP  -  47 words
      • Article
        Lock icon Dongfang Electrical set to sell shares in Shanghai
        161 19 Bloomberg Business News BEIJING China's Dongfang Electrical Machinery, which listed in Hongkong last week, has received the green light to sell shares to Chinese investors in Shanghai, China Securities Sews reported yesterday. Dongfang Electrical shares rose 18.4 per cent to HK53.35 from
        Bloomberg Business News  -  161 words
      • Article
        Lock icon Seabil to raise NZ$119m in public float
        303 19 Investors will be offered 30.5 m shares Reuter WELLINGTON The properly development and investment group SEA Holdings Ltd says its New Zealand property arm, Seabil (NZ) Ltd, plans to raise NZ$ll9 million <S$ 107 million) in a publie float. It said yesterday that
        Reuter  -  303 words
      • Article
        China's tax reforms will erode Luoyang's profit
        308 19 HONGKONG Luoyang Glass will be hit hard by China's new tax reforms and is expected to see profits falling the 1994 financial year. The Eastern Express reported during the weekend that despite the profit decline this year. China's construction and automobile boom was
        308 words
      • Article
        Lock icon Investment in Japan stocks yielded positive returns last year: report
        321 20 Asahi TOKYO Investment in stocks of large Japanese corporations generated positive returns in 1993 the first time that has happened in four years, according to a research institute. The Japan Securities Research Institute said yesterday the average rate of return
        Asahi  -  321 words
      • Article
        Lock icon Lonrho may merge S African platinum interests with Gencor
        223 20 Bloomberg Business News LONDON Lonrho pic, the UK mining, agriculture, hotel, and trading conglomerate, may merge its South African platinum mining interests with South Africa's General Mining Union Corp (Gencor) with a view to a flotation next year, the Sunday Telegraph
        Bloomberg Business News  -  223 words
      • Article, Illustration
        Lock icon Macy agrees to hold merger talks with Federated
        462 20 NYT NEW YORK Despite their vow to remain independent in the face of a merger proposal from Federated Department Stores Inc. executives of R H Macy Co met Federated executives last Friday to consider for the first time their competitor's pitch. People
        NYT  -  462 words
      • Article
        Lock icon Charity breaks shareholder mould by tackling Intel plans
        401 20 NYT NEW YORK They are curiously matched adversaries. One is Intel Corp, which is building the world's largest computer-chip plant at Rio Rancho, New Mexico. The other is the Jessie Smith Noyes Foundation, a small family philanthropy, which owns 3,000 shares of
        NYT  -  401 words
      • Article
        Lock icon Viacom hastens bid to sell sports unit
        210 20 Reuter NEW YORK Viacom Inc is hastening its bid to sell the sports businesses it acquired from Paramount Communications Inc, including basketball and hockey teams competing for championships in their respective leagues. The New York Times reported yesterday. Allen Co, an investment bank
        Reuter  -  210 words
      • Article
        Lock icon No more free lunch as Merrill Lynch braces for lean times
        453 20 NYT NEW YORK In a sure sign that Wall Street is nervous about lean times to come, Merrill Lynch has decided that its army of stock and bond traders no longer deserve a free lunch. The company confirmed last
        NYT  -  453 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Liquidity in Malaysian banking system ebbing
        547 21 MBT KUALA LUMPUR The liquidity which inundated the local banking system, especially towards the end of last year and early this year, is ebbing. This is reflected in two main economic indicators: the moderation in growth in monetary aggregates in March and April after
        MBT  -  547 words
      • Article, Illustration
        Poor showing by UK govt in European polls could heighten markets' worries
        472 21  -  From Neil Behrmann in LONDON STERLING and the British stock market shrugged off a disastrous showing by the embattled Conservative government in by-elections and rallied sharply last Friday. Yet a major setback of the UK Conservative government in
        472 words
      • Article
        Lock icon Bonds, yen may be hit if Japan takes part in sanctions against N Korea: analysts
        797 21 Bloomberg Business News TOKYO Japanese bonds and the yen may be hit hard if Japan joins the United States and South Korea in economic sanctions against North Korea, traders and analysts say. North Korea last
        Bloomberg Business News  -  797 words
      • Article
        Lock icon Public Bank hopes to raise demand deposits to industry's level
        277 21 Bernama KUALA LUMPUR Public Bank Bcrhad hopes to increase the composition of its demand deposits to match that of the industry, retail banking director Ismail Ibrahim said yesterday. He said, the bank's demand deposits as at April 30, 1994 stood
        Bernama  -  277 words
      • SMALL CHANGE
        • Article
          Lock icon Top Glory hit by massive defections
          84 21 Bloomberg Business News HONGKONG Top Glory Insurance Co (Bermuda), which is owned by China-backed Seapower International Holdings, has been hit by the resignations of more than 130 managers and sales agents, the South China Morning Post reported. Another 100 employees are expected to The
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Kansai Electric to sell 30b-yen bonds
          84 21 Bloomberg Business News TOKYO Kansai Electric Power, Japan's second-largest electric utility, will begin selling 30 billion yen (SS42O million) worth of three-year bonds today to individual investors at a coupon rate of 3.05 per cent, said Yamaichi Securities, the lead underwriter. By comparison, as
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Pohang Steel to sell Samurai bonds
          71 21 Bloomberg Business News TOKYO Korea's Pohang Iron and Steel Company will sell 8.5 billion yen (SSII9 million) in five-year Samurai bonds, or yen bonds issued by foreign entities_in Japan, said an official at Nomura Securities, the lead underariter of the bonds. The bonds will
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Austrian National Bank cuts rate
          59 21 Reuter VIENNA The Austrian National Bank moved early yesterday to cut the Gomcx money market intervention rate to 4.9 per cent from 5 per cent following Sunday's two-to-one referendum vote in favour of joining the European Union. The discount and Lombard rates remain unchanged at
          Reuter  -  59 words
      • Article
        Lock icon Shake-up seen in socially responsible US funds
        458 21 NYT NEW YORK Big changes are afoot in the "socially responsible" mutual fund industry. Funds have realised that investing in companies with strong environmental or equalemployment records is not enough they have to make money for their shareholders too. Or at least not
        NYT  -  458 words
      • Article
        Lock icon Fledgling Indian private bank taking on state giants
        348 21 AFP BOMBAY The fledgling UTI Bank Ltd is moving to challenge well-established stateowned counterparts after becoming India's first private bank to open for business in nearly 50 years. "We aim to be the best bank, not only in terms of resources, but
        AFP  -  348 words
      • Article
        Gold is undervalued compared to stocks: UK fund manager
        411 22  -  From Neil Behrmann in LONDON RELATIVE to Wall Street and most other share markets, gold is at its lowest levels since the early *****, says UK fund manager Julian Baring. "Some buy precious metals because they are commodities; others, like myself,
        411 words
      • Article
        Lock icon Esso investing M$2b in M'sian oil projects
        264 22 Reuter KUALA LUMPUR Esso Malaysia is investing Ms 2 billion (SSl.l billion) in Malaysia in 1994, the same as last year, despite a bleak outlook for oil prices, Malaysian Business Times reported. Esso Malaysia chairman Morris Foster was quoted as saying most of
        Reuter  -  264 words
      • Article, Illustration
        Lock icon Russian oil exporters face pipeline squeeze
        531 22 Reuter MOSCOW Russian oil exporters, accustomed to battles with bureaucracy, face a new struggle for limited space in pipelines controlled by an all-powerful state monopoly. A presidential decree last month abolishing export quotas and licences from July 1 has effectively given pipeline operator Transneft
        Reuter  -  531 words
      • Article
        Lock icon Canadian hog subsidy programme to end next month
        186 22 Reuter INDIANAPOLIS Members of the Canadian Pork Council attending the World Pork Expo here have informed the National Pork Producers Council (NPPC) that the Tripartite Stabilisation Programme, a hog subsidy programme, will end on July 2. "We are being told that the
        Reuter  -  186 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        147 22 THE Singapore dollar closed slightly firmer against the US$ following last week's announcement of a record 27 per cent rise in April's non-oil domestic exports. Corporates with standing dollar sale orders remain but there are signs that selling levels may have been revised downward from
        Charts by Dow Jones Telerate  -  147 words
      • Article, Illustration
        Untitled
        1558 22 I rotle-H eifhltyt nule\ lakukiieil utfu/m/ S'/«of«-'i litp 14 r rath Ml punnet Bom.- r«r IWtf US$/S$ forward rates Noon June 13 ss du Offt-r 1-monlh 1.5*00 1-5315 2-monlh 1.5297 1.5312 3-month 1-5291 ***** 6-monlh .5273 1.5293 Sounr (X Bi Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on
        1,558 words
      • Article
        Lock icon London
        178 22 Bloomberg Business News LONDON The dollar tumbled to an 11-day low against a rallying deutsche mark as support tor German Chancellor Helmut Kohl's ailing party exceeded expectations at Sunday's European Parliament elections. It dropped to a nine-month low against the Swiss franc, meantime, and a five-week low against the
        Bloomberg Business News  -  178 words
      • Article
        Lock icon New York
        82 22 AFP NEW YORK The dollar was down in quiet early trading yesterday on Wall Street pushed down by a stronger German mark. The ounce of gold meanwhile was down USSI.IO at U*****.50 compared to its Friday close. At 1400 GMT. the greenback was at 1.6525 German marks against
        AFP  -  82 words
      • Article
        Crude oil futures edge lower ahead of Opec meet
        177 22 Bloomberg ENERGY REPORT LONDON Caide oil futures prices in London and New York edged lower yesterday, two days before the oil industry's biggest producing group, the Organisation of Petroleum Exporting Countries, is due to meet in Vienna. Traders don't expect news
        177 words
      • Article
        Lock icon Crude prices expected to firm up in Asia and US, weaken in Europe
        712 22 Knight-Ridder TOKYO Crude prices are expected to stay strong this week in Asia and the US, while seasonal weakness is dampening European prices. But increased crude exports from Europe and Asia to the US, taking advantage of
        Knight-Ridder  -  712 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar, Euroyen futures weaken
        1325 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed lower in light trade yesterday. Dealers said Eurodollars were being sold on renewed inflation fears in the US and ahead of the release of the May consumer price index today. Eurodollars were sold oIT on Friday
        Reuter  -  1,325 words
      • Article
        Crude palm oil physical ends steadier
        592 23 COMMODITY REPORTS Palm oil HIE crude palm oil physical market finished steadier yesterday following fresh buying sentiment from India's State Trading Corp (STC), dealers said. "STC is tendering to buy up to 12.000 tonnes of palm olein each for June. July and August shipments,"
        592 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japanese oil majors raise prices
          122 23 TOKYO Japan's major oil companies announced yesterday that they would raise their wholesale oil product prices. Showa Shell Sekiyu K K said it would raise its product prices by 500 yen per kilolitre effective June 16. Japan Energy Corp and Idemitsu Kosan K K said
          122 words
        • Article
          Indon firm to raise crude output
          70 23 SINGAPORE An Indonesian firm. PT Citn Patenindo Nusa Pratama, will raise crude oil pro duction at its three south Sumatran oil fields tc 8.000 barrels per day by 1996, from the curreni average of 2,000 bpd. Indonesian newspapers re ported yesterday. The company's chairman.
          70 words
        • Article
          Philippines allows Spratlys oil search
          85 23 MANILA The Philippine government has au thorised an affiliate of US firm Vaalco Energy Ini to conduct preliminary oil drilling research in th< disputed Spratly Islands, the Department of Energv said yesterday. The six-month permit allows Alcorr (Production) Philippines Inc to conduct "researcl and library
          85 words
        • Article
          Nickel prices supported by copper
          121 23 SYDNEY A sharp rise in copper prices should help underpin nickel this week, traders say. Nickel gained US$5O a tonne on Friday to end at U556,500-6,510 a tonne, reversing a trend that has seen it drop about US$5OO since May 24. The gains in nickel
          121 words
    • Article
      COMMODITY PRICES
      1408 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) ("lose Volume Open Month High Low Sett (tonnes) Interest Jul 94 I 167.00 2050 Aug 162.75 2200 Sep 160 00 2525 Oct/Dcc 158.25 8625 Jan/Mar 158.25 2775 RSS 3 Contract (US ccnts/kg) Volume Open
      1,408 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        1494 24 Australia Vol Jun 10 A« ("00) ASH OK <>500 -5 0 J*'ft Aberfoyk WOO *0 166J Adelaide Steamship 1(0 unth 1350 Adsamx Bank WOO -100 745 \ntv» ltd 2'0 until 1*10 Akan Australia 2 TOO until 6 Vmpol Fiptunlion 4100 -15 0 ***** lif) Iuxmimms 277 0 until 21.' Arnottt
        1,494 words
      • Article
        Manila
        710 24 -1.99 PHILIPPINE share prices closed slightly lower after a quiet day's trading as the market continued to consolidate, brokers said. The Philippine Stock Exchange composite index dipped 1.99 points to close at 2.986.19 points yesterday, the third day of a continuous downturn, following a technical rally on June 8.
        710 words
      • Article
        Seoul
        546 24 +4.64 Stocks closed firmer in moderate trading after profit-taking wiped out most of early gains, brokers said. The composite index ended 4.64 points higher at 923.24, far off the day's high of 931.67 reached within the first hour. Brokers said investors bought shares across the board in early trading
        546 words
      • Article
        New Zealand
        367 24 •19.98 The New Zealand share market gave up a firm open to finish nearly 20 points lower mostly due to weakness in key leading shares. The NZSE-40 Capital Index closed down 19.98 points at 2,104.03 but the Smaller Companies Capital Index performed better to end down 3.97 points
        367 words
      • Article
        Bombay
        136 24 Profit-taking towards the end diminished gains made at midsession and many shares ended lower despite sustained buying by foreign mutual funds, brokers said. The Bombay Stock Exchange 30-share index ended 16.28 points lower at a provisional 4,128.85. The 100-share national index was down just 0.43 point to a provisional
        136 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        667 24 Britannia Funds Mtrliai Cash Bid Offer Mini Cap Deposit 3* 6400 38 6500 Mini Jency Gilt 0 I89J 0 1992 Mim Max Income *0 9100 *0 9500 US$ Cash Income Plus Fund 9 WO 10 4)00 PS S Reierve Fund 5 2700 5 2100 St«rliM tqaily Euro Performance 0.4592 0
        667 words
      • Article
        London
        701 24 -39.6 UK stocks fell as bond yields surged across Europe amid concerns about rising inflation and political change after the weekend's European elections. The FT-SE 100 Index of leading British shares fell 39.60 points to 3,016.30, pulled down by declining shares British Telecommunications Pic and BAT Industries Pic. Economic
        701 words
      • Article
        Paris
        197 24 -43.06 French stocks fell in line with most major European markets, in the aftermath of European elections, which illustrated a high level of dissatisfaction with current political conditions in France. The CAC-40 Index of major French stocks fell 43.06 points to close at 1,977.66. The broader SBF--120 Index, which
        197 words
      • Article
        Stockholm
        65 24 -7.15 Ihe OMX Index was down 7.15 points at 1,109.79. Stockholm Jm 13 Skr A*a ***** -300 Aslia 161 00 -3 00 Alias C'opco 9} 00 -100 Enraon Tel LM AB B 3»7 00 6 00 Eub ***** urkh VE Bankcn 43 50 -0 50 SKF 132 00 -300
        65 words
      • Article
        Frankfurt
        219 24 -27.3 German stocks continued to slide in late trading as falling bond prices indicated investors were worried about signs of rising infla- tion. Most European markets fell amid inflation concerns after May wholesale price figures for western Germany showed an increase of 0.5 per cent against the 0.2 per
        219 words
      • Article
        Milan
        151 24 -333 Italian stocks were the hardest hit by the Europe-wide market slump, dropping 2.77 per cent amid renewed fears of inflation and general uncertainty over the country's long-term economic policy. The Mibtcl index sank 333 points to close at 11,699. The index has risen 16 per cent since the
        151 words
      • Article
        Amsterdam
        260 24 -5.02 Dutch stocks closcd lower in line with falling bond and share prices around Europe, as concern over higher inflation was rekindled. The Amsterdam EOE Index of the 25 most traded stocks closed 5.02 points lower, or 1.2 per cent, at 401.69, led by Philips Electronics NV and financial
        260 words
      • Article
        Zurich
        266 24 -19.6 Swiss stocks in the core blue-chip index fell, with investors worrying about Eu- ropcan interest rates and the pace of US inflation, traders said. The Swiss Market Index, or SMI, which tracks the top 21 blue-chip stocks, lost 19.6 points to 2,744.2 points, with 18 stocks falling and
        266 words
      • Article
        Johannesburg
        289 24 +64 Futures-related buying and improved foreign demand helped to take shares strongly higher yesterday, although a volatile gold price and mild profit-taking blunted the day's highs in some stocks. The overall index ended 77 points higher or 1.4 per cent at 5,721, the industrial index added 64 points to
        289 words
      • Article
        Toronto
        238 24 -11.27 Toronto stocks slipped at midday yesterday in thin, sluggish trade. The TSE 300 index was down 11.27 points at 4,199.24 in volume of 21.55 million shares valued at C 5240.08 million. Declines led advances 299 to 206 with 259 issues unchanged. Gains in the gold and metals sub-indices
        238 words
      • Article
        New York
        703 24 +9.03 Blue-chip stocks gained at midsession yesterday, bolstered by strength in economically sensitive cyclical shares. At I pm EDT, the Dow Jones Industrial Average was up 9.03 points at 3,782.48. On the broader market, declining issues edged out advances by a small margin on light trading on the
        703 words
      • Article
        Brussels
        144 24 -4 Belgian stocks were dragged lower by falling bond prices after German May producer prices prompted inflation fears. The Bcl-20 index of blue-chip stocks fell 4.0 points, or 0.3 per cent, to 1,464.88 after rising 0.8 per cent last week. The yield on Belgium's 10-year government benchmark rose to
        144 words
    • Article
      HONGKONG
      2749 25 Vol Jan 10 Hk$ High Low (WO) PK ASM Pacific 4.700 unch 4 700 4700 111 AWT Woild Transport 1.220 unch 1 220 1 220 134 AcmeLandis 1.070 unch 1070 1 070 6* Aku Hkigs 2.450 -0025 2.475 2 450 636 U.O Allied Ind |M*1 ft720 -0 020 0.730
      2,749 words
    • Article, Illustration
      Lock icon TOKYO
      2638 25 Bloomberg Business News TOKYO Stocks recovered from early losses as foreign investors bid up shares of companies that expect improved earnings in the coming year as well as those that stand to benefit from economic turnaround, traders said. Persistent tensions on the Korean peninsula and a stronger yen caused
      Bloomberg Business News; Source: Bridge Info  -  2,638 words
    • Article, Illustration
      Lock icon BANGKOK
      1809 25 Bloomberg Business News BANGKOK Stocks declined yesterday as investors lowered offers on blue-chip bank issues because of concerns that a political stalemate over constitutional reform was weakening the government, analysts said. Bank and communications shares, which represent nearly 40 per cent of the market's capitalisation, led the declines as
      Bloomberg Business News; Source: Bridge Info  -  1,809 words
    • Article, Illustration
      Lock icon JAKARTA
      1178 25 Reuter JAKARTA Jakarta share prices closed weaker on lifeless trading due to a two-day public holiday in Hongkong and weak local sentiment, brokers said. The composite index ended 0.03 point down at 483.02. One broker said the main market feature was listing of Adcs. a water bottling firm, which
      Reuter; Source: Bridge Info  -  1,178 words
    • Article
      CLOB INTERNATIONAL
      2320 26 Mulpha I nil 50c 33.647.000 kirn Hyd 50c 32.357.000 PranKt 21.107.000 Rcnon« Bhd 50c 15.705.000 Kamunting 50c 12.104.000 Mukt-Purpoac ll.HI.000 Fabcr Group 11.083.000 F ACB 50c 10.199.000 Lien Hoc TSR97 9.540.000 Innovca Bhd 1105.000 Land maris Bhd 7.303.000 Asia Pac Ld 6.827.000 Kcmayan 50c 6.485 000 Idns Hyd
      2,320 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks little changed following late-election report
        5777 26 Bloomberg Business News KUALA LUMPUR Share prices in Malaysia, which surged in morning trade, ended little changed yesterday after a news agency reported that Prime Minister Mahathir Mohamad may delay calling a general election until next year. Malaysia's benchmark Kuala Lumpur Composite Index (KLCI)
        Bloomberg Business News; Source: Bridge Info  -  5,777 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7304 27 1 MAIN BOARD Taction aJgHTI Gr Gr 1994 Last Vol Day Last Quote Di* Dl» VM N*t M Cap High Ln Com pa*) Safe 000) High Low Buyer Selkr C»r P/K Wl INDUSTRIAL AND COMMERCIAL 1440 835 I s Acma 870 cd 4-10 SI 880 870 870 880 17.5 2.1
        7,304 words
      • Article, Illustration
        Lock icon Shares rise as Malaysian counters dominate trading
        1825 28  -  By Paul Leo SINGAPORE Local shares ended higher yesterday, with trading dominated by Malaysian shares dealt over the counter. The Straits Times Industrials Index rose 11.79 points to 2,295.92, off its morning high of 2,309.59. Among the other indices, the BT Composite Index
        Charts by Bridge Info; Source: Bloomberg  -  1,825 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      730 17 NEWS VALUE How today's news might affect your stocks S$ best performing Asian currency: BIS (pg I) Strength likely to be sustained, which is an added incentive for foreigners investing in Singapore stocks. Creative Technology shares 4 times subscribed (pg 0 Looks like more Creative shares will find their way
      730 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      113 18 WESTERN SAMOA MB—— long term international companies are the most cost effective solution for your offshore company structure. Available at an We also provide offshore effective annual cost r companies from: from as low as US$4OO British Virgin Islands per annum. Bahamas Bermuda Full nominee, •Cook Islands Hong Kong management,
      113 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      175 19 l^^L "THANKS TO SIA CARGO, THE ANCIENT TREASURES OF ASIA DIDN'T MAKE HISTORY." DR KENSON KWOK. DEPUTY DIRECTOR, ASIAN CIVILISATIONS MUSEUM (A MEMBER INSTITUTION Of THE NATIONAL MUSEUM) "Flying the ancient treasures of Asia with SIA from the Mr Mrs John D. Rockefeller 3rd Collection, and efficiency immediately put me
      175 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      715 20 Xi THE BANK OF EAST ASIA, LIMITED Vftr 10 DES VOEUX ROAD, CENTRAL HONG KONG CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 1993 CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1993 1993 1992 1993 1991 HKS'OOO HKs'ooo HK$'MO HKj'OOO SHARE CAPITAL Profit for the year 1.005.980
      715 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      511 21 (SviKAY VIKAY INDUSTRIAL LTD (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Company will be held at The Board Room, Vikay Industrial Building, 1100 Lower Delta Road, Singapore 0316, on 29 June 1994 at 10.00 a.m.
      511 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      18 23 "Ideal in cameras. Andlknow whereto get good exposure." VHS 5??®SSs: I Call today for results tomorrow. CA.T.S. 737-1166
      18 words
    • Advertisement
      Page 23 Advertisements Column 2
      30 23 As and when the latest I>ondon/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. V Straits Times 1 doss' L to work for 3KS2BB»ofI
      30 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      52 24 Subscribe now and have your personal copy delivered to your doorstep. Mail or fax this form to: Addresv 8 Customer Relations Section Circulation Department p t 1 rnH Singapore Press Holdings Limited •82 Genting Lane r ~°S a News Centre Singapore 1334 Occupation; Fax: Tel: 1800-749 2577 Fax: 744 4875
      52 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      60 25 The Hongkong and China markets were closed for public holidays. Trading resumes today. With over 215 million cords honoured at over 12 miltton establishments, MasterCard puts the whole world in I your hands. And it gives you easy access to cash at 380,(H)0 bank! branches and ATlftp worldwide. 0 T"
      60 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      53 27 W# if' 011 eTbfeT^fc I MostorCord puts tho whole JforW m KJHIHIPI tfm r /mHTl*Tl>your bonds. And it gives you easy I h f 380 000 b I wnrtnwinfl y ofnciALCAKDwoKu>cw»« rraga|gr PORT SHOTS u The ,atest Jn sea air W§l:§§j \\l§!& and ,and transportation Shipping Times Monday to Friday.
      53 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      20 28 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times WE KNOW ASIA
      20 words
    • Advertisement
      Page 28 Advertisements Column 2
      104 28 BUSINESS TIMES ToTr?RE^EL^N^l^o^4l-188^^AX?741-lse pUilfii, In the Audited Results for the year ended 31 December 1993 which appeared on 13 June 1994, the first sentence in the last paragraph on the revision of the proposed recapitalisation should read as follows: 1) A Bonus Issue of 29,225,000 new ordinary shares on the
      104 words
    • Advertisement
      Page 28 Advertisements Column 3
      334 28 IN THE MATTER OF THE COMPANIES ACT, CAP SO LIANG HENG HUAT INVESTMENT PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting ol the member* ol LIANG HENG HUAT INVESTMENT PTE LTD duly convened and held at 6001 Beach Road #14-01 Golden MieTower, Singapore on tw9day ol June 1904.
      334 words
Page thumbnail Page 29
  • Shipping Times
    • Article, Illustration
      Cosco, Sembawang units to set up Asia-Pacific venture
      328 29  -  By Dexter Lee SINGAPORE Cosco Investment (Singapore) Ltd and Sembawang Maritime Ltd (SML) will form a 50-50 joint venture to delve into shipping, port and maritime-relat-ed businesses in the AsiaPacific region. The joint venture, Cosem Pte Ltd, will have authorised capital of
      328 words
    • Article
      Lock icon French seamen in Calais protest against P&O
      398 29 UK ferry company to lay off Chinese crew Lloyd's List LONDON P&O was hit by fresh action from protesting French seamen in Calais last week, despite having stated earlier that it was withdrawing from two cross-Channel ferries the Chinese staff whose employment had
      Lloyd's List  -  398 words
    • Article
      Lock icon Shippers may have to pay surcharge because of Yemen war
      171 29 AFP SINGAPORE Shipping lines plying the route between Europe and the Far East said yesterday that they might have to impose a surcharge to cover higher insurance premiums because of the war in Yemen. The Far Eastern Freight Conference (FEFC)
      AFP  -  171 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      837 29 Pane Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      837 words
    • Article
      Lock icon Maritime industry supports export of Alaska crude
      186 29 Knight-Ridder LOS ANGELES Maritime unions, independent tanker operators and maritime trade associations said last Friday they have formed a committee to encourage the Clinton Administration and Congress to permit the export of Alaska North Slope crude oil carried on USflagged and erewed vessels.
      Knight-Ridder  -  186 words
    • Article
      Ship classification society not liable for cargo owners' losses
      602 29  -  This is a fortnightly column that highlights important shipping court cases By Ramesh Divyanathan SINGAPORE A ship classification society is not liable to cargo owners for losses suffered when a vessel sinks after it has been inspected, England's Appeal Court has
      602 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        473 30 Vouet jgjte Berth Arrival Oepjrhi* Vessel Voy Wo Berth Arrival Departure JuTOftS Port Baton Speed3 12/94* P01A 1406/0700 14 06/0900 /UMdee 118 akwsside 14 06/1500 Beriasa 08/94 P04 1406/0700 1406/1800 Baton Bahna 06/03 94 J1 1406/2300 Bn Bttot 11E P02 1306/1500 1406/0/00 N124 H 14 06 2300
        473 words
      • Article
        CONTAINER SCHEDULES
        1243 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Strip Voy No Etb/Btr Period From To From V, Swan 122A 15/1500 3 14/0700 14/1159 14/1400 to 4 14/1200 14/1459 14/1/00 Ui BhMn 140N 14/2100 W 13/1500 13/1659 13/1900
        1,243 words
    • Article
      THE SHIPPING GUIDE
      11224 38 This is a list of ships loading at C 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. LEGEM) PN: ship calls at Pcnang
      11,224 words
    • Article
      SHIPPING AGENTS
      3278 43 Containerline NV: Belsin Shpg Agcncics Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accard Group: Accord Shpg Ptc Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Uner Service: Kim Shpg Sl Trdg (S). Vlbatros Sea-Air Semite: Frata Shpg Ptc Ltd (S).
      3,278 words
    • Article
      COURIER SERVICES
      293 43 Abacus Couriers Tel: 545-8011. l ax: 545-1898 Air fcxpress Intel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Tel: 344-3377. Fax: 345-6450. Cluster Unit Supplies Sen
      293 words
    • Article
      AIR FORWARDERS
      1509 43 Abe\ Kxpress Freight Tel: 342-7171. Fax: *****84. Actinic Korwarder Tel: 223-1833. Kax: *****42. Activair Singapore Tel: 542-7822. Fa*: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aero* peed Tel: 542-5911. Fax: *****18. Air Cargo Novo Kxpress Tel: 542-5454. Fax: *****06. Air Kxpress International Tel: 542-7666 Fax: *****74. *****50.
      1,509 words
    • Article
      PORT CONDITIONS
      2806 44 ARGENTINA Santa Fe: No vessels berthed, none in roads. Diamante: One vesel berthed loading maize, no vessels in roads, none due. San Lorenzo: Four vessels berthed of which I loading soya bean meal. 2 soya bean pellets, 1 wheat, 8 vessels in roads, 35 vessels due at 10
      2,806 words
    • Article
      CRUISE & FERRY SCHEDULES
      798 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dtp Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No JUNE 14 14 Club Med 2 0800 1900 Cruise to Nowhere Harpers Shipping 221-1388 14 14 Renaissance 2 0900 2015 Cruise to Nowhere Lines Intl Holdings 224-2763 14 14 Leisure World
      798 words
    • Article
      SHIP SALES & TANKER RATES
      316 44 SHIP SALES TANKER RATES ALTHOUGH there was a noticeable slackening of movement with so many attending the Posidonia events, the interest in handy/handymax bulkers remained firm with a number of deals concluded involving mid 1980's built tonnage at firm levels. VESSELS SOLD FOR FURTHER TRADING Bulk Carriers Lombard: 38,931 dwt
      316 words
    • Article
      COCKETT BUNKER MARKET REPORT
      929 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      929 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      553 45 IM. u bud M M k. DNV niiitin- Stnkn mi h m attract tnm <Mr am MM M dattotk* «Mck Is mM I* pHfc»HM« il»i—in. My km h" >r yf t W M *T** ??*'?'T W r o ]yT-.- u ipniftnit.g LMt* pMM ky CmmN IHtmMmil
      553 words
    • Article
      Daily Freights
      1627 45 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,344 on Friday from 1,357 on June 9. There is little to indicate that the rate erosion for Panamax tonnage in the Atlantic has been checked, brokers said Friday. In what looked a hair-split-ting negotiation, Cargill
      1,627 words
    • Article, Illustration
      Lock icon Blind push for expansion
      648 46 Desperate not to lose out to Japan and to each other, South Korean shipbuilders are expanding their capacity despite warnings of a glut in the industry AFP SOUTH Korean shipbuilders, goaded by competition from rival Japan, are sailing towards blind expansion, bucking international pressure to check
      AFP  -  648 words
    • Article
      TRANSPORT DIARY
      473 46 COURSES Title: Diploma in Marine Operations Administration Duration: June 16 Organiser Port of Singapore Authority Tel: For further details/registration, call SPI at 321-1998. Title: Import/Export Shipping Procedures (SDF 50%) Duration: June 16 Aug 4 (8 evenings) Organiser Elim Management Services. Tel: For further details/registration, call: *****70. Title: Standard
      473 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Boeing 777 completes first test flight successfully
        592 48 Reuter EVERETT, Washington Boeing Co's 777 jetliner landed on Sunday after a first flight of nearly four hours that launched an ambitious testing programme for the manufacturer's last all-new model of this century. "It was great, just great," said pilot John Cashman, who
        Reuter  -  592 words
      • Article
        Lock icon Orly airport opens to British airlines
        260 48 AFP PARIS Orly airport south of Paris opened its runways to British airlines for the first time yesterday following an Anglo-French battle over increasing competition in the European airline industry. As a British Airways flight takes off from London's Heathrow airport for Orly-Sud, a
        AFP  -  260 words
      • Article
        Lock icon Aussie car industry bounces back as economy recovers
        435 48 AFP SYDNEY Australia's long depressed car industry is facing a bumper month of sales in what appears to be a buying splurge as economic recovery gains momentum with soaring consumer confidence and falling unemployment, industry sources say. Figures last week showed sales
        AFP  -  435 words
      • Article
        Lock icon Fidelity cuts stake in UAL on eve of its recapitalisation
        457 48 Bloomberg Business News WASHING TON Fidelity mutual funds waived the chance to participate in UAL Corp's US$4.9 billion (557.5 billion) recapitalisation by slashing their stake in the airline. Fidelity, the nation's largest mutual fund group, divested about 1.46 million UAL
        Bloomberg Business News  -  457 words
      • LOG BOOK
        • Article
          Lock icon GEC-Alsthom to sign US$2b deal
          127 48 AFP SEOUL The Anglo-French consortium GEC-Alsthom will sign a US$2-billion (SS3.I billion) contract to manufacture high speed trains for the South Korean government today, an official notice said. The press notice said "government approval has been given" and Alsthom and 13 South Korean companies would
          AFP  -  127 words
        • Article
          Lock icon Qantas jet returns after fire scare
          84 48 AFP SYDNEY A Qantas Airbus with 170 people aboard made an emergency landing here yesterday after a warning light indicated an engine problem, an airline spokesman said. The 156 passengers and 14 crew were evacuated without mishap and Qantas engineers were examining the suspect
          AFP  -  84 words
        • Article
          Lock icon Honda building first Mexican plant
          54 48 Bloomberg Business News TOKYO Honda Motors Co, one of Japan's leading car manufacturers, started construction on Friday on its first plant in Mexico, Japan's Jiji Press reported. The factory is scheduled to open by November 1995. The plant will eventually produce 15,000 Accord passenger cars
          Bloomberg Business News  -  54 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1408 48 atI n» ETA Fig* ETD_ Mm Dhabi GA893 1835 GA984 2340 GA974 2350 AMaMa QFil 1925 QF82 2055 SQ228 2120 Amsterdam KL831 0935 KL844 0035 GA893 1835 KL838 2300 GA974 2350 SQ26 2355 Atfcww SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Babrata
        1,408 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      24 29 LAW PAGE Every Thursday in Business Times S Korean shipbuilders: blind push for expansion, Page 18 Boeing 111 completes first test flight, Back Page
      24 words
    • Advertisement
      Page 29 Advertisements Column 2
      25 29 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
    • Advertisement
      Page 29 Advertisements Column 3
      43 29 7 M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: QQOOOQO SELLIMG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. Singapore# m Business Times WE KNOW ASIA
      43 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      328 30 I J— TSKLJNE AGENCIES (S) PTE. LTD. MM JL ®S»IC* LINE Hi,— Tlx: RS *****/TSKSIN. TOKYO SENRAKU KAISHA, LTD. <* *> H^soooon ISJt hj< ACX PACT 0538 13.06 15.06 14.0( 17.06 21.06 23.06 27 .06 2106 2106 30.06 fAC AttOW 0258 15.06 17.06 17.06 21.06 25.06 27.06 01.07 02.07 02.07
      328 words
    • Advertisement
      Page 30 Advertisements Column 2
      737 30 "jSF®" W§ ™P BPS tSfffiSP B5 SJEff US'f'lJilll' W ma lil ,ii 1 iii 1 isj N? IIBIJ lisHsl *salallUn ss I a hi I»: 11 tiip^inaf wmmli mim., jj_ Iraßnwf-ia.-LjuC 4&4T MKOflWPtlA_UllllfcS! jfCKittHLf' KX\«UT¥O3Si 10 Mi WfTUHI CWSI* *74 Ml II 5.1 7 J 10 I 117 gag Wt
      737 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      2149 31 H W O ,OENC e "^G^" L A "'S?7*7??ix"S:7» s 34 2 DOCUMENTATION TEL: *****55 (INWAROV32OO39O (OUTWARD) FM X «27o?' CFS TEI *****6 BOOKINGS TEL: *****80 *****81/ *****82 'PgH TEL.*****3/4 FAX. 542 TV* (OPNS v CUSTOMER SVC TEL: *****92/*****91/*****93 RAHRUTEL 07 *****70 FAX 07-*****99 KEPPEL DISTRIPARK BLK 513 #01-128 JOHOR
      2,149 words
    • Advertisement
      Page 31 Advertisements Column 2
      1813 31 ■UliV.HiHU'L'ia AZERBAIJAN/TURKMENISTAN/ UZBEKISTAN/KAZAKHSTAN VIA BANDAR ABBAS TREIN MAERSK V.9413 ETA SIN 17TH JUNE 94 Vessel Voy ETA ETO Feedeced by •r'nTT,. DESTINATIONS TMs week MARiT MAERSK V 9406 21/06 oeoo hrs BH W^m CfS 20/06 2368 MRS JOH Ll* PEN OAK LGB SFO MEM ATL MIA CMS BAI PHI NYC
      1,813 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      1524 32 |™—"T AQABA R DAM/ H ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S'TON H'BURG A WERP HAVRE WEST MALAYSIA THAMES 23/123 17/6 4/7 S/7 7/7 Port Kelang. Penang HANNOVER EXPRESS 20/323 18/6 27/6 4/7 6/7 9/7 11/7 13/7 Pasir Gudang KAI 08/124 22/6 9/7 12/7 '0/7 EAST
      1,524 words
    • Advertisement
      Page 32 Advertisements Column 2
      665 32 CIEZbBSB AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Voalochny, Vladivostok, Moscow. Baku, Tashkent, Irkutsk, Alma Ata, Ashgabad, Dushanbe, Kiev N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR CGM Normandie V.2194 21/6 16/7 Ned Europa V.2204
      665 words
    • Advertisement
      Page 32 Advertisements Column 3
      1166 32 NOR ASIA I I NORASIA MUBARAK 9423-3 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/JJ7 I NOR ASIA PRINCESS 9425-3 29/06 21/07 22/07 23/07 24/07 25/07 26/07 27/07 28/07 28/07 I NORASIA SUN
      1,166 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      1333 33 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line «P<Ete (a service of china navigation co) ACCEPTS >3wy» CARGO DUE SAR.S MERUBI VO7E KK. Skin. law 14-15 lun* 13 June 17 fane FCL. LCL CONTAINER ANO BREAK
      1,333 words
    • Advertisement
      Page 33 Advertisements Column 2
      2876 33 lfckX SINGAPORE AGENT: pAtti-Ain 4V#*£? PAO Containers (Singapore Agencies) Pte Ltd Itfv I CV\ W V illllLcllllClS 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 J'. J-' jj f\ CR Number: **********0Z EXPORT IMPORT a: issassui"" SR. as
      2,876 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      580 34 IP 1 GENERAL AGENT C B NO *****61-***** Ali EKA JAYA AGENCIES TEL: *****22 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI M—l CITY PAGtH iHAHOfMOHK/PMKCT HBNWT HOC iIW« 737WW/W4TW kilvin CHAN ziibbs—amawM MANOJ ;mm IHMTM ►TO VIETNAM/HCMC B™CONfASSfFHiBBF SERVICE (^iirnjoCENTER-POINT LINES »TOI WT |CI» S fWt HOT n»
      580 words
    • Advertisement
      Page 34 Advertisements Column 2
      1579 34 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 I SALES TEL:- *****22-233 I Ft* ki sm i k HAUL StA TW fOl FDR VSI SW HE MRU. SA* IN RTC I HANJM VARCOUVa 017t 24/6 OKCI 15/7 l«/ 7 1522S?«i* ?/j m 03* i/t 7/R I NAHM HAMNK 01K
      1,579 words
    • Advertisement
      Page 34 Advertisements Column 3
      1441 34 I d I Im (K wc uc rus m o» WT au ITO uu CMS BU mc Itw IH« MM nr ws P» CM ML ssr I CRAWH-040 IJ/t 15/1 20/4 22/1 24 t 27/1 21/4 21/1 Mi 1/7 2/7 13/7 21/7 21 7 20/7 It 11 10 1 11/1
      1,441 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      1699 35 II I sex: 'CALIFORNIA LUNA 66E' eta sgp 15/06/94 II H I ARRIVING LOS ANGELES 02/07/94 IN 16 DAYS 11 I AEX; neptune lazuli 07E' eta sgp 15/06/94 II H I ARRIVING NEW YORK 09/07/94 IN 23 DAYS HI EXPORT TOe PSW/PNW SINGAPORE CALIFORNIA EXPRE39 (SCX) TO: USWC —US QULF
      1,699 words
    • Advertisement
      Page 35 Advertisements Column 2
      1196 35 A MULTILINE SHIPPING PTE LTD W (i member of SMSOV 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 *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
      1,196 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      1300 36 44 AS AGENTS: Ll* (SHIGAPOK) PTI LTD (CUNO: **********0M/GST KG NO: M 2 *****W-J) K TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W MALAYSIA: "R" LINE MARITIMC (MALAYSIA) SON BHO I J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 A INDONESIA: P.T. SARANA LAUTINTUNUSA, TEL:
      1,300 words
    • Advertisement
      Page 36 Advertisements Column 2
      1108 36 @APPENSHIP /ai HAMBURG V#V CONVENTIONAL INDEPENDENT LINER SERVICE 1 EUROPE TO SOUTH EABT ABIA ANO FAR EAST VESSELS LOAOMG PORTS WSCHARGE LOAOtNG FOR NOVK3RAO ANTW 20/05 SPORE 18/06 ECUADOR HAM 22/05 SPORE 23/06 KOALA CONTAINER LINE STORE FIX HAM RTM lEH CS TAHITI 4608 25/06 20/07 21/07 22/07 24/07 CS
      1,108 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      957 37 iff# PACIFIC INTERNATIONAL LINES (PTE) LTD] "**4 140 Cecil Street #03 P,L Building. Singapore 0106. I J SSSS? M JYJHV cn NO *****6/0000E I k v VESSEL VOY SIN CMB JIB JEO AQJ ADE HOD PZU ASA KOTA WIRAWAN WRNO43 20/6 25/6 1/7 4/7 7/7 9/7 a/7 KOTA INDAH IDHOO9
      957 words
    • Advertisement
      Page 37 Advertisements Column 2
      970 37 vtsstLs woy sw mm Hamburg ihws romeroa* AHiwtßf WUE Dl VELA VO3W 14/0* 06/07 0107 05/07 12/07 Wilt Dt TITANA 104* 21/06 13/07 15/07 14/07 87 VILE K TUCANA UO4M 2V06 20/07 22/07 23/07 24/07 2*lol »ll£ M LIBRA 104 M 27/07 21/07 30/07 31/07 02/OA "ALSO ACCtPTMG CARGO 10
      970 words
    • Advertisement
      Page 37 Advertisements Column 3
      557 37 BSfl iL M MYANMA UM FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kit Pen P.Gdf MERGU VI23W Sated PAGAN V2O9W Sated MPA AN V2O2W 15/18 kin PAGAN V2IOW 20/21 tun MALAYSIA AGENTS BOUSTEAO SHPPMG AGENCtS KUI TEL 03-*****00 PKL lEL 03 *****67 PEN TEL 04-*****5 PGD
      557 words
Page thumbnail Page 38
Page thumbnail Page 39
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Page 40 Advertisements Column 1
      2585 40 ■I^MALAYSIA'S AGENTS tUINIAIINtK funjxjnmm mmmwi WEEKLY L Shipping Freight Booking Centre Sdn BM INDONESIA'S AGENTS T TNTPQ gg*?/gj^Sg m fre+iHtoMm*Hmmm EVERY FRIDAY F To: Hongkong/China Prom: U.S.A.j East Coast From: China/Hong Kong i— rut vissa votagi mc bal cm vt kssii vor»a q* im oai sua s* wu mg w
      2,585 words
    • Advertisement
      Page 40 Advertisements Column 2
      171 40 4jJORBULk\ NORBULK CARGO SERVICES LTD. I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES J for I NORID AGAMEMNON 15/6 l»/6 ROM/ANT/IK I SEA SONNET 28/6 30/6 FLU/ROAM/ANT/UK I I NORBULK TBN 28/6 30/6 OBN/CPT/EL I ALSO LOADS TAWAU. KK, TC MANI PK SWK/SABAH LOADING FOR NORBULK PINE 15/6 HONGKONG/HUANGPU SUBJECT
      171 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      728 41 ,/g FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 19/6 ROTTERDAM 18/6 AARHUS/COPENHAGEN 19/6 HAMBURG/BREMEN 19/6 MARSEILLE/FRANCE 21/6 FELIXSTOWE/UK 19/6 BARCELONA/SPAIN 26/6 LEHAVRE/FRANCE 15/6 GENOA/ITALY 26/6 ANTWERP/BELGIUM 26/6 LOS ANGELES/WC/FI 19/6 SYDNEY/MELBOURNE 16/6 NEW YORK/EC 19/6 FREMANTLE/ADELAIDE 17/6 VANCOUVER 26/6
      728 words
    • Advertisement
      Page 41 Advertisements Column 2
      1850 41 ilMMlili^W l| 1 VESSEL VUT 3p *5J VESSEL VOY StN PEN >| WANA BHUM 2328 Til* In Pt B*l 18/8 AKA BHUM 140N/S Tim In PI Thu 18/8 VESSEL VOY SIN BKK i IBWA BHUM MS Fri 17/8 IHS 21/ Q6JA BHUM 4597 Fri 17/8 Sat H/8 |^B XETHA BHUM
      1,850 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      1510 42 UV/\rJc* n» mmmtM S*U (064) ****** KUCHINQ (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 f ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 13/6 14/6 15/6 HKG/BKK/KEE/KHH Genoa/Barcdona 22/6 23/6 24/6 15/6 16/6 17/6
      1,510 words
    • Advertisement
      Page 42 Advertisements Column 2
      177 42 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD IH it* ll* vm ratt kumk ruMW am MK 28/6 lo*kng toi kbit RUVM HUDHU 30/6 Lo«fcfl| Km Dvlmi MX.PHA 15/6 loading Fm Matt noiKit sum* l«/ 6 loading foi Mate UMCIDH 28/6 loading For Mate nOCKSS IBM IT 20/6
      177 words
    • Advertisement
      Page 42 Advertisements Column 3
      1154 42 f Q THONG SOON UNES PTE LTD 1 I //\Y\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I V/ \,y TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I M rwoox ctmrnm- SINGAPORE TO SARAWAK VESSEL IVOY [S PORE IOEST VESSEL VOT S
      1,154 words
Page thumbnail Page 43
Page thumbnail Page 44
Page thumbnail Page 45
  • Page 45 Advertisements
Page thumbnail Page 46
  • Page 46 Advertisements
    • Advertisement
      Page 46 Advertisements Column 1
      472 46 J NORTH IFCwLt» $EK\ffCE 1 VESSEL VOYAGE I SINGAPORE MANIA LANKA MAHAPOLA *****N 17/06 (FRI) 22/0$ (WED) PERVOMAYSK *****N I 21/06 (THE) ZWO6 (SAT) VIGOUR PACIFIC *****N 24/06 (FRI) 2?/06 (WEp) FRDAT AfC KSDAY LANKA MAHAPOLA I *****N 1 28/06 (11*) 3 l VESSEL I WWAGE SINGAPORE [GENIALSANTOS CEBU NttOLAY
      472 words
  • Page 46 Miscellaneous
    • Miscellaneous
      Page 46 Miscellaneous Column 1
      693 46 TODAY'S TIDES (Iwiht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 C ft 2.6 3.1 3.1 2.9 2.5 1.1 U 0.1 0.5 0.4 0.5 0.9 1.4 2.0 2.3 2.4 2.3 2.0
      693 words
Page thumbnail Page 47
  • Page 47 Advertisements
    • Advertisement
      Page 47 Advertisements Column 1
      991 47 HYUNDAI WESTBOUND TO EUROPE BKG: *****61 rtW* PKE* PSD* VESSELS VOY SIN HTM ANT* LEH* HAM BKEj FEL 15/06 17/06 18/06 H. PIONEER 309VH 20/06 OS/07 10/07 11/07 10/07 10/07 12/07 22/06 24/06 25/06 H. FRONTIR 311* 27/06 15/07 17/07 U/07 17/07 17/07 19/07 21/06 01/07 02/07 SI FREEDOM 311W
      991 words
    • Advertisement
      Page 47 Advertisements Column 2
      474 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nssu in —5 R u COSJBC CBMHKH Ml MiMi at m n/t is/« isiai STU vtss n/t M/i K(ll BUST II 22/1 l*» «/•> OUTBOUND VESSELS LOADIMC FOR TOKYO/S£HBOKO ASIAN STAR Vl5B SP t%/% PK 1/1 LOADING FOR SEHBOHO/HACOYA
      474 words
    • Advertisement
      Page 47 Advertisements Column 3
      1072 47 I VESSEL VOY I SIN ETA/D LAX OAK CH DAL MEM/COL IHOU NYC NOR I MACKINAC BRPGt 77A 16/06 03/07 05/07 06/07 07/07 07/07 OS/07 01/07 M/ 07 I ALLIGATOR TRIUMPH 55A 23/06 10/07 12/07 13/07 14/07 14/07 15/07 15/07 16/07 I GEORGE WASUNCION BRIOGE 79A 30/06 17/07 19/07 22/07
      1,072 words
Page thumbnail Page 48
  • Page 48 Advertisements
    • Advertisement
      Page 48 Advertisements Column 1
      9 48 I |Uk I CONSTRUCTION I Tomorrow in Business Times
      9 words
    • Advertisement
      Page 48 Advertisements Column 2
      99 48 [CONSTRUCTION] Tomorrow in Business Times 3000 DWT vessel equipped with 80 tons heavylift operating within China. Interested in project cargo to S.E.Asia Please contact: Goodrich Maritime Pte Ltd Singapore Tel 744 7559 Office Fax: 744 9155 Beijing Tel (861) *****66 ext. 2912 Office Fax (861) *****49 Room No. 2912 I
      99 words