The Business Times, 21 June 1994

Microfilm: NL19383
Total Pages: 50
1 50 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 Business Times Wti KNOW ASIA MITA(P) 010/12/93 Tuesday June 21 1994 75'
    12 words
  • 2am LATEST
    • Article
      Lock icon Olivetti-Hughes link-up
      37 1 Bloomberg Business News LONDON Hughes Network Systems, a unit of General Motors Corp, and Olivetti SpA have established an European satellite services business, said Mike Cook, managing director of the new company, yesterday. Bloomberg Busi-
      Bloomberg Business News  -  37 words
    • Article
      Lock icon US budget deficit estimate
      47 1 Bloomberg Business News WASHINGTON White House budget director Leon Panetta yesterday shaved his projection for the fiscal 1995 budget deficit to US$l7O billion. Mr Panetta said an earlier estimate placed the deficit at about US$l75 billion for the year ending Sep 30, 1995.
      Bloomberg Business News  -  47 words
  • Article
    MARKET SUMMARY
    161 1 Stock market indices Monday Change STII 2,284.50 -21.73 KLSEComp 1,035.46 -2.58 Nikkei 21,152.03 -351.27 Hang Seng 8,998.18 -115.78 SET Index 1,353.28 -17.25 Jakarta Comp 475.73 -0.82 CLSA China B 801.91 +3.61 Aust All Ord 2,024.4 -26.8 FTSE 100 2,971.1 -51.8 Monday Previous 2pm close Dow Jones 3,746.02 3,776.78
    161 words
  • Article, Illustration
    Indonesia looks to S'pore to offset fall in investments
    678 1  -  By Yang Razali Kassim SINGAPORE Indonesia wants Singapore to help it offset a decline in investments causcd by competition from China and Vietnam. In an interview with Business Times, Investment Minister Sanyoto Sastrowardoyo said Jakarta would like Singapore to play an
    678 words
  • Article
    Asean to promote investments jointly
    312 1 SINGAPORE The six member-countries of Asean will undertake joint investment drives to stave off strong competition from new emerging markets such as China, Vietnam and India. Disclosing this in an exclusive interview with Business Times recently, Indonesia's Investment Minister Sanyoto Sastrowardoyo said the Asean states
    312 words
  • Article
    Falling dollar and weak bonds savage US, European stocks
    419 1 NEW YORK Weak bond prices and a declining dollar combined yesterday to savage world stock markets: US blue-chip stocks dropped nearly 40 points as the plummeting dollar which fell to a new 1994 low at the open here brought back concern
    419 words
  • Article
    Lock icon Singapore dollar hits new high
    50 1 Reuter In Singapore, the local currency closed at a new high of 551.5288 to the US dollar. The previous high was S$ 1.5300, achieved last week. Dealers said market operators snapped up the Singapore unit following the plunge in the US dollar last Friday. Reuter
    Reuter  -  50 words
  • Article
    Mahathir proposes time-share plan for S'pore motorists
    189 1 KUALA LUMPUR Malaysian Premier Mahathir Mohamad has proposed a "timeshare" plan under which Singaporeans can buy cars in Johor for use in Malaysia. The Star newspaper yesterday said the proposal, under which Singaporeans would own cars jointly with Malaysians in Johor, was aimed
    189 words
  • Article
    Hearing begins on petition to wind up YHS Holdings
    657 1  -  By Genevieve Cua SINGAPORE Rival family members of Yeo Hiap Seng chairman Alan Yeo had sought to dissolve their family holding company, which holds a 38.9 per cent stake in the listed food and beverage company, in February 1992. the court
    657 words
  • Article
    Nikkei dives, political cloud looms
    267 1  -  From Anthony Rowley in TOKYO TOKYO stock prices plunged yesterday in what appeared to be at least partly a reaction to impending new political turmoil in Japan. The Nikkei 225 stock average gave up 1.5 per cent of its value to close 351.27 points lower
    267 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      154 1 r| The Wortfi Smatat 35mm Auto Focus Zoom Camera A' ii*r CONTENTS £pwe News 2 19.20.21 Reponal News 3.4.6 Financial 23.24 World News 9,10 Features Miriiets Analysis 1/ Oob/KLSE. S£S 2830 Edrtonal 16 Regional _.26 Sports II World 27 IV/litestyle 13 Currencies .24 Reponal Focus 8 Stmej/Commo .24.25 Subscription Tel
      154 words
    • Advertisement
      Page 1 Advertisements Column 2
      17 1 Property: Pg 14 Payday for Royal Brothers The hottest strip of real estate in Thailand Page 15
      17 words
    • Advertisement
      Page 1 Advertisements Column 3
      11 1 Hock Lock Siew: pg 19 V Why CASH price hits thereof
      11 words
    • Advertisement
      Page 1 Advertisements Column 4
      66 1 The World's Smalest 35mm Auto W Focus Zoom Camera m Nikon ZGDIUI3GDQD The' Bottom Line: is HK's property nightmare No-confidence motion looms over Hata govt, Pg 6 Regional stock markets, Pgs 26-30 Hjgt) Precision Movements artier Boubque/ SINGAPORE Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: *****27 Hilton
      66 words
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Manufacturing sector up 12.1pc
        327 2  -  By Anna Teo I HL manufacturing sector grew 12.1 per cent in April, with all major industries except petroleum posting higher output, figures released yesterday by the Economic Development Board show. Compared with the revised March numbers, the April figures in terms of both output levels
        Source: EDB  -  327 words
    • Article
      Economists urge change in Gatt pact to fight protectionism
      371 2  -  Regional workshop on Apec: Challenges and Opportunities By Yang Razali Kassim ASIA PACIFIC economists yesterday called Tor a revision of the newly-agreed Gatt agreement to deal with protectionistic regional trade groupings. They said a new trade round of the Geneva-based General
      371 words
    • Article
      Apec forum urged to adopt Asean approach
      282 2 ECONOMISTS and researchers from the Asia Pacific region yesterday proposed that the Asia Pacific Economic Cooperation (Apec) forum adopt Asean's consensus-building approach to cooperation. Seiji Finch Naya and Pearl Imada Iboshi, two American economists of Asian origin from Hawaii, said Asean's "building block"
      282 words
    • Article
      Free insurance for two months
      115 2 INSURANCE- cooperative NTUC Income said yesterday the 7,000 people who have signed up for its Incomeshield will get free cover from its launch date, May 1, until June 30. This was because premium deductions from savings in Central Provident Fund Medisave accounts would not start
      115 words
    • Article, Illustration
      SAE to build $28m Opel centre at Eunos
      177 2 SINGAPORE Automotive Engineering will spend $28 million on a new centre for its Opel dealership operations. The company said yesterday the three-storey Opelcentre. which should be completed in mid-1996. would be funded by a mix of equity and loans. The centre, on
      177 words
    • Article, Illustration
      2 US-based insurance groups hold regional conference here
      422 2 TWO US-based insurance associations Life Insurance Marketing and Research Association (Limra) and Life Office Management Association (Loma) are holding a conference in Singapore attended by more than 220 participants from the region. This is a "historic event and it is very significant
      422 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      393 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service. The
      393 words
    • Advertisement
      Page 2 Advertisements Column 2
      162 2 You just can't beat a Jetabout China tour. We use experienced English speaking guides and give you maximum flexibility of departure dates. China is a big country and we have a wide range of different tours to cover exactly the points of interest you want to see. Beijing Trar Hangzhou/Huangshan/~
      162 words
Page thumbnail Page 3
  • SOUTH-EAST ASIA
    • Article
      Lock icon Top KL civil servant to head powerful govt investment arm
      343 3 AFP KUALA LUMPUR The retiring top civil servant in the finance ministry was named yesterday to lead a powerful new government investment arm managing billions of dollars worth of investments and assets. Mohamad Sheriff Kassim, secretary-general of the Finance Ministry,
      AFP  -  343 words
    • Article
      US envoys to Asean on tour to promote trade
      479 3 LOS ANGELES US ambassadors to Asean are on a sixcity speaking tour of the United States aimed at attracting more US trade and investment to the region. The tour is being coordinated by the US-Asean Council, a national organisation promoting expanded
      479 words
    • Article, Illustration
      Lock icon Forging closer Cambodian-Indon ties
      48 3 Reuter JAKARTA Cambodian co-prime ministers. Prince Norodom Ranariddh (right) and Hun Sen (centre), were welcomed by Indonesian President Suharto yesterday at the Istana Merdeka upon their arrival in Jakarta. The co-premiers are in Indonesia for a three-day official visit to discuss economic cooperation. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Fund managers favour M'sia for investments: survey
      219 3 Bernama KUALA LUMPUR Malaysia is rated by fund managers as among the countries that offer the best investment opportunities, according to a BursonMarsteller survey of 44 fund managers in Hongkong. France, Germany, Japan, the Netherlands, Switzerland, the United Kingdom and the United States.
      Bernama  -  219 words
    • NOTE BOOK
      • Article
        Lock icon Ramos vows hands off labour dispute
        125 3 AFP MANILA President Fidel Ramos, who solved a labour dispute at Philippine Airlines Inc (PAL) last weekend, said yesterday he was fed up with mediating corporate quarrels and indicated he would leave the troubled Hag carrier to its fate in the future. Mr Ramos,
        AFP  -  125 words
      • Article
        Lock icon Graft costs Indonesia 2.8 trillion rupiah
        91 3 AP JAKARTA Corruption cost Indonesia at least 2.77 trillion mpiah (SSI.B billion) in government money during the last five-year development plan, and only a tiny fraction was recovered, Attorney General Singgih said yesterday. Mr Singgih told a parliamentary hearing that only 89.7 billion rupiah
        AP  -  91 words
      • Article
        Lock icon Liberalisation measure for the peso
        68 3 Reuter MANILA The Philippine Central Bank has approved the eomplete lifting of restrictions on repayment and repatriation of toreign investments funded by debt-to-equity conversion transactions. officials said. The liberalisation measure is expected to help ease the appreciation of the peso against the dollar, bank governor
        Reuter  -  68 words
    • Article
      Lock icon KL gets M$426m in foreign electronics projects
      246 3 Bernama KUALA LUMPUR Foreign investments in 46 approved electronic projects amounting to M 5425.9 million (SS2SI million) were received for the first four months of this year. Deputy Minister of International Trade and Industry, Chua Jui Meng, yesterday said local investments during the
      Bernama  -  246 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      188 3 LI fliJ'o&nT.J Btf"! 1 liV "''<l ll 1111 1 WmttmmMPmwn I^B Hrfl ■^mmi On our First and Business Classes, entertainment on as many as 11 inflight name it. All regularly updated. All After all, we did recently win the we cant promise that you 11 always be channels. In addition,
      188 words
Page thumbnail Page 4
  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China economy 24pc bigger: World Bank
        135 4 Bloomberg Business News HONGKONG The World Bank has raised its estimate of the size of China's economy by 24 per cent following a recalculation of statistics, China's state run Xinhua news agency said. The new assessment lifts the estimate of China's annual per capita
        Bloomberg Business News  -  135 words
      • Article, Illustration
        Lock icon Spiritual rejuvenation
        52 4 Reuter BEIJING A Chinese farm worker sleeping in the shade of a mythical marble animal at the Eastern Qing Tombs outside Beijing yesterday. The "Spirit Way" of animals and human statues formed the route down which the bodies of Qing dynasty emperors were carried on their way to
        Reuter  -  52 words
      • Article
        Lock icon Chinese retailers join forces
        68 4 Reuter SHANGHAI Twenty of China's largest retailers have joined forces to set up a new company to develop export markets and make high-tech nology products, the Shanghai Securities News reported. United China Enterprises Co Ltd is backed by such powerful retailers as Beijing Wangfu Jing Department
        Reuter  -  68 words
    • Article, Illustration
      Lock icon China floods claim hundreds of lives, cost US$2b losses
      332 4 AFP. Bloomberg Business News BLUING Severe Hooding in six Chinese provinces has claimed hundreds of lives and US$2 billion (SS3 billion) in losses to the economy. The Ministry of Civil Affairs yesterday said the floods had cost 438 lives in the
      AFP.; Bloomberg Business News; Reuter  -  332 words
    • Article
      Lock icon Widening rich-poor gap in China may lead to rise in crime: paper
      247 4 Reuter BEIJING China has warned that the ereation of a rieh upper class and a widening gap between the wealthy and the poor could lead to a rise in crime and other unwelcome problems. The official People's Daily
      Reuter  -  247 words
    • Article
      Lock icon Taiwan expects China goods to erode its exports by 20pc
      140 4 Reuter TAIPEI Taiwan's Economics Ministry estimates US$l7 billion (SS26 billion) worth of the island's annual exports will eventually be replaced by China. which has become one of Taiwan's strongest competitors in international trade. China's exports are expected to eventually erode
      Reuter  -  140 words
    • Article
      Lock icon Beijing seeks US$7b foreign funds to build telecom industry
      329 4 AFP BEIJING China plans to lure USS7 billion (SS 10.7 billion) of foreign capital by 2000 to build a world-ranking telecommunications industry, a senior official was quoted as saying yesterday. Minister of Posts and Telecommunications Wu Jichuan said China would use
      AFP  -  329 words
    • Article
      Lock icon N-plant's flawless safety record prompts China to build more
      318 4 Bloomberg Business News BEIJING China has decided to build more nuclear power plants after an inspection found its first self-built plant enjoyed a flawless safety record since opening two years ago. The official China Daily yesterday said the Qinshan Nuclear Power
      Bloomberg Business News  -  318 words
    • Article
      Lock icon Record number of officials charged with graft
      274 4 UPI BEIJING A record number of Chinese officials have been charged with graft and other economic offences in the first four months of this year. The China Daily yesterday quoted Zhao Dengju, deputy prosecutor-general, as saying major fraud cases involving officials above the
      UPI  -  274 words
    • Article
      Lock icon Taiwan may raise foreign equity funds
      187 4 Reuter TAIPEI Taiwan's new central bank governor Liang Kuoshu said he will consider raising the ceiling on foreign equity funds but market speculation must be eliminated first. "First of all we have to get rid of insider trading and change the market's speculative atmosphere...(or)
      Reuter  -  187 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      784 4 Q SINGAPORE INSTITUTE OF MANAGEMENT The first educational and training institute in Asia to achieve SISIR ISO 9000 Certification (1) Field Sain Management Programme Pr °f ,table Trade Know the August 1994 Pla y ers Customs Ssl 122 70 SIM members/ Brokers, Carriers, Risk Underwriters, Banks 551,287.50 non-members »1 »J|l
      784 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      125 5 MKM v ?m •gz*r? v *j£MiwiiHS: J s*/ "•>»• rfwflKßfV *^*j!vßSMs^r ¥fr .r-.--'- )iA''/V<. l^^h^ssteaelrawß^^ 1 .1 y r' T SBS3RSK§^^S THE GOOD NEWS. THERE IS A LUXURY CAR WORTH ITS PRICE. The Honda Legend. From the makers of the world's most advanced engines. For a test drive, call Kah
      125 words
Page thumbnail Page 6
  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon US, Japan may meet this weekend
        92 6 Knight-Ridder TOKYO US trade Representative Mickey Kantor has proposed meeting Japanese Foreign Minister Koji Kakizawa this weekend on trade "framework" talks. Japan Broadcasting Corp (NHK) reported yesterday. Mr Kakizawa is willing to meet Mr Kantor before the G-7 summit in early July and, due
        Knight-Ridder  -  92 words
      • Article
        Lock icon Tokyo may extend public works plan
        81 6 Reuter TOKYO Japan is considering extending a 10-year publicworks programme by four years and boosting the total sum by about 20 per cent, a government official said yesterday. The new plan will call for stretching the period through to the year 2004/05 ending March
        Reuter  -  81 words
      • Article, Illustration
        Lock icon In memory of the Korean war
        67 6 Reuter SEOUL South Korean children at the Korean War museum in Seoul yesterday trying rice balls, which were served as emergency food during the Korean war. Yesterday was the opening day of the memorial week of the 44th anniversary day of the war on
        Reuter  -  67 words
      • Article
        Lock icon India urged to support Tibet more
        70 6 AFP NEW DELHI India should provide more support to the Tibetan freedom movement, the Dalai Lama said in remarks published here yesterday, saying it was "overcautious" in its approach towards China. "I would describe India's policy towards Qiina as overcautious," he told The Economic
        AFP  -  70 words
      • Article
        Lock icon Group wants free edible oil imports
        79 6 Reuter NEW DELHI A top government group has called for free imports of up to 500,000 tonnes of edible oil other than palm olein to plug the supply gap during the three-month festival season beginning September. Officials yesterday said the group had recommended that
        Reuter  -  79 words
    • Article
      Lock icon Almost 200 staff implicated in Nippon Shoji insider trading
      322 6 AFP TOKYO Japan's latest insider trading scandal widened yesterday with almost 200 company employees suspected of selling shares in Nippon Shoji Kaisha Ltd before the government issued a warning against one of its drugs. Nippon Shoji, the country's fourth largest drug
      AFP  -  322 words
    • Article, Illustration
      Hata govt likely to face no-confidence test after Budget
      473 6  -  From Anthony Rowley in TOKYO THE fate of Japanese Prime Minister Tsutomu Hata's minority coalition government is expected to be decided this week when the fiscal 1994 Budget passes the upper house of the Diet. Once that happens, Mr Hata could
      473 words
    • Article
      Lock icon Japan takes US$500m cover for S African trade
      206 6 AFP TOKYO Japan's Ministry of International Trade and Industry has decided to insure up to USSSOO million (***** million) in trade and investments to South Africa over the next two years. The Nihon Keizai newspaper yesterday said the coverage. available to both
      AFP  -  206 words
    • Article
      Lock icon Aussie food producers urged to cater more to Asian tastes
      466 6 Reuter SYDNEY Australia needs to increase its share of homegrown Asian-style foods to feed a growing market of Asian immigrants worth a potential AS 1.6 billion (551.79 billion). A report released by the Department of Primary Industries in Canberra yesterday
      Reuter  -  466 words
    • Article
      Lock icon Tiananmen settlers will increase Aussie welfare costs: study
      365 6 AFP SYDNEY Australia faces increased welfare costs from an extra 70.000 settlers after granting sanctuary to Chinese students here at the time of the Tiananmen Square incident, according to a study released yesterday. The extra settlers will be the families and parents
      AFP  -  365 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      229 6 ON TOP ADVANCED THERAPY HAIR LOSS TREATMENT ON TOP Advanced Therapy System is a complete, safe, effective yet affordable action effectively revitalizes hair. haircarc 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
      229 words
    • Advertisement
      Page 6 Advertisements Column 2
      204 6 Michael Smurfit Graduate School of Business Advanced Management Program The Program Innovation and Strengths 1 8 modules presented over 6 weekends (12 days): Leading edge management Weekend I The Global Competitive Challenge thinking and practices Corporate Leadership in the 1990s Power-packed presentation by International Business Strategy prominent speakers from Europe,
      204 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      196 7 AI WC£" The new Bugis Junction. Singapore's latest retail development will also be its most of the largest superstore operators in Japan. And with the Bugis MRT Station situated spectacular. One of the most stunning features of the development will be a shopping directly underneath the development, access is quick
      196 words
Page thumbnail Page 8
  • FOCUS
    • Article, Illustration
      Lock icon Bank of China a giant on the march
      1273 8 China's banking presence in Hongkong Business China HONGKONG Since 1992 the Bank of China (BOC) Group has been the largest banking force in Hongkong. That year, its HK52.588 trillion (SSSO7 billion) assets, HKS 1.225 trillion deposits and HKS9II billion loans allowed the
      Business China; Source: Bank of China  -  1,273 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      189 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 HIGH COMMISSION OF PAPUA NEW GUINEA PUBLIC NOTICE The High Commission of Papua New Guinea in Singapore wishes to advise the public that the office will be officially operational for business as of Monday 20 June 1994. For enquiries please contact:300 BEACH ROAD
      189 words
    • Advertisement
      Page 8 Advertisements Column 2
      55 8 E '/'/if article is reprinted from the June 13 issue oj Business China, a fortnightly management report by The Economist Intelligence Unit (Asia) Ltd r t; '**iTv-- ■£•?s£^££S§££. v T ~v~.- v*-i c "i-t' k *?%&■*■?siMW&f to j LOOKING DEEPER A probe into current market developments. Hock Lock Siew. Everyday.
      55 words
Page thumbnail Page 9
  • THE WORLD
    • Article
      Lock icon Another group calls for EU telecoms deregulation
      365 9 European Round Table of Industrialists wants national monopolies to g° Reuter BRUSSELS A group of Europe's leading companies has added its voice to the mounting pleas for the European Union to pave the way for information highways by speeding up deregulation of telecommunications
      Reuter  -  365 words
    • Article, Illustration
      Lock icon Europe's anti-inflation policies serve to stabilise currencies: Bundesbank chief
      403 9 Bloomberg Business News Reuter GOT If A. Germany Bundesbank president Mans I ictmeyer says anti-inllation policies across Europe have stabilised European currencies since the continent's exchangerate system fell apart last August. Mr Tietmeyer told business people in this eastern German city
      Bloomberg Business News; Reuter  -  403 words
    • Article
      Lock icon S Africa's budget likely to focus on reconstruction
      352 9 Reuter JOHANNESBURG Finance Minister Derek Keys is poised to kick-start an ambitious reconstruction plan for the new South Africa tomorrow, but analysts see no major windfalls soon for apartheid's victims. Mr Keys, in presenting the national unity government's first budget, will be
      Reuter  -  352 words
    • WORLD WATCH
      • Article, Illustration
        Lock icon Dogged campaigner
        57 9 Reuter BOGOTA, Colombia A small boy shaking the paw of a dog covered in posters for the Conservative candidate Andres Pastrana outside a campaign office on Sunday. Colombians voted in presidential elections and polls showed Pastrana neck and neck with his Liberal Party rival Ernesto Samper. The results
        Reuter  -  57 words
      • Article
        Lock icon Russia to sign historic Nato deal
        86 9 AFP MOSCOW Russian Foreign Minister Andrei Kozyrev arrives in Brussels today to sign an historic deal tomorrow laying the groundwork for closer ties between the North Atlantic Treaty Organisation and its most feared Cold War foe in east Europe. He will also meet US
        AFP  -  86 words
      • Article
        Lock icon Bomb kills 70 people in mosque
        116 9 Reuter TEHERAN A bomb killed 70 people and injured more than 100 in a prayer hall in the Iranian city of Mashhad yesterday as worshippers marked the death of one of their holiest figures. The official Iranian news agency IRNA said the bomb exploded
        Reuter  -  116 words
      • Article
        Lock icon EU crackdown on migrant workers
        62 9 AFP LUXEMBOURG The 12-nation European Union imposed tougher entry restrictions on immigrant labourers seeking employment within the EU, according to a resolution adopted yesterday by EU justice and interior ministers. "The current high level of unemployment in member states reinforces the need to apply an
        AFP  -  62 words
      • Article
        Lock icon UK nuclear industry launches campaign
        62 9 Bloomberg Business News LONDON The UK nuclear industry yesterday launched a campaign to win backing to build new atomic power stations. The Guardian newspaper said. The largest of the state-owned utilities, Nuclear Electric, will lobby for the construction of a £3.6 billion (SSB.3 billion) twin
        Bloomberg Business News  -  62 words
    • Article
      Lock icon Bonn, Geneva all out to lure WTO
      485 10 They offer waiver of annual rent, financial help, tax-free perks and diplomatic privileges IHT GENEVA Bonn and Geneva are putting out rival welcome mats in an attempt to capture the United Nations' newest offspring the World Trade Organisation (WTO) and its 500 international
      IHT  -  485 words
    • Article
      Lock icon Russia gets set for second privatisation programme
      311 10 FT MOSCOW Preparations are under way for Russia's second massive privatisation programme to begin next month in an effort to restructure Russian industry through investment. Anatoly Chubais, Deputy Prime Minister in charge of privatisation, revealed the plans in Stockholm over the weekend and
      FT  -  311 words
    • Article, Illustration
      Lock icon Rocard quits as French Socialist head, Emmanuelli takes over
      354 10 Reuter, FT PARIS Michel Rocard resigned as head of the French Socialist party on Sunday and was replaced by former national assembly president Henri Emmanuclli who took over as provisional party chief. The 49-year-old Emmanuclli was elected provisional first secretary by
      Reuter,; FT; AFP  -  354 words
    • Article
      Lock icon Clinton rejects 91pc solution for US health care
      415 10 Reuter, Washington Post WASHINGTON US President Bill Clinton rejected a so-called 91 per cent solution for US health eare yesterday, saying that all Americans must eventually be covered by health insurance. "I think the important thing is that we should not walk
      Reuter,; Washington Post  -  415 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      255 9 I AT MOBIL, I WE KEEP OUR I CUSTOMERS HAPPY I I BY GOING THE EXTRA MILE. If this pair of shoes belonged to one of our sales at ail levels. quality, which is the essence of the Total Quality Process staff, you could say he has earned hts keep.
      255 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      1605 10 TONG BEE FINANCE COMPANY LIMITED AND SUBSIDIARY (Incorporated In Mw B«pubNc al tfeigaporw) BALANCE SHEETS DECEMBER 31,1993 3. SHARE CAPITAL TlwCwpwy Tin 6H>M 1993 Md 199? Notts 1993 1992 1993 1992 S ~~T" ~i~ ~T~ ~T AUTHORISED 10.000.000 snares oT$l each 10.000.000 SHARE CAPITAL 3 6,000,000 6,000,000 6.000,000 6,000,000 K
      1,605 words
    • Advertisement
      Page 10 Advertisements Column 2
      66 10 ■afterl I FIVE m Your day may B B be over But B V your night is I B just beginning! m B Get a drink, go If W dancing, hear a B the latest hit, fl B see the hottest I B band in town^J ■Hb Explore the possibilities
      66 words
    • Advertisement
      Page 10 Advertisements Column 3
      239 10 STRATEGIC FORUM EXPERTISE Singapore Kuala Lumpur Penang Jakarta Bangkok Presents How To Create Customer Excitement... And Leave Your Competitors Behind 18 19 July *94 Royal Holiday Inn Crowne Plaza, Singapore You already know the basis here's what the leaders do and how they do it! Key topics: Put a few
      239 words
Page thumbnail Page 11
  • SPORTS
    • Article, Illustration
      Lock icon Montgomerie, Roberts, Els in three-way play-off
      887 11 US Open AP OAKMONT, Pennsylvania The United States Open came down to a war of nerves. Nerves won. Ernie Els was given every opportunity to win in Sunday's final round, but couldn't think. Loren Roberts had a 1.37 m putt that could have made
      AP; Reuter  -  887 words
    • Article
      Lock icon Pierce pulls out; new-look Sampras strolls to victory
      454 11 Wimbledon AP WIMBLEDON Mary Pierce, the biggest new attraction in women's tennis, will not be playing here at all. Pierce, who beat Steffi Graf before losing in the finals of the French Open two weeks ago, withdrew from Wimbledon last Saturday for
      AP  -  454 words
    • Article
      Lock icon Houston Rockets score narrow win over Knicks
      393 11 NBA Finals AP HOUSTON Kenny Smith's horrible scries turned terrific with one flick of the wrist that sent a 3-pointcr through the hoop and helped the Houston Rockets stay alive. John Starks' spectacular fourth quarter turned sour when his 3-pointer at the bu/z--er
      AP  -  393 words
    • Article, Illustration
      Lock icon Goal frame saves the day for Belgium and Norway
      781 11 World Cup Finals AP NEW YORK First the crossbar saved Belgium, then the post kept Norway ahead. Finally, the crossbar helped Sweden grab a late equaliser. Norway, which lost its only other World Cup finals game 56 years ago, opened its
      AP; Reuter  -  781 words
    • Article
      It's a level playing field so far
      701 11 SINGAPORE With an average of 2.25 goals per game so far. World Cup USA '94 has already surpassed Italia '90 in at least one respect. Not by much, one might say, in comparison to the 2.21 average of four years ago, but statistics
      701 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Baseball
        101 11 AFP SAN FRANCISCO The San Francisco Giants went out on a limb on Sunday, signing slugger Darrvl Strawberry just six weeks after his release Irom a drug rehabilitation centre. Strawberry was waived by his major league previous team, the Los Angeles Dodders, after his release from the centre. Strawberry
        AFP  -  101 words
      • Article, Illustration
        Lock icon Cricket
        85 11 Reuter LONDON Dion Nash took two wickets in the space of six balls to swing the second test against tngland back New Zealand's way on the final morning yesterday. Nash, who has enjoyed a magnificent match with 56 in New Zealand's first innings followed by six wickets. dismissed Mike
        Reuter  -  85 words
      • Article, Illustration
        Golf
        247 11 OAK MOIST, Pennsylvania LSSI.7 million LS Open fourth round Sunda) (par-71, LS unless noted). Co-leaders met yesterda> (June 20) in an 18-hole pla>off: 279 Colin Montgomerie (Scot) 71-65-73-70. Ernie Els (SA) 69-71-66-73. l.oren Roberts 76-79-64-70 280 Curtis Strange 70-70-70-70 282 John Cook 73-65-73-71 283 Greg Norman (Aust) 71-71-69-72. Clark
        247 words
      • Article, Illustration
        Lock icon Soccer
        353 11 AP NYT BKIJING China put the brakes on World Cup fever yesterday, asking soccer fans to turn their TVs down low and desist from shouting "goal!" late at night. China didn't qualify for the quadrennial event, but that hasn't stopped millions of Chinese fans from staying up at night
        AP; NYT  -  353 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      1028 12 psd Nothing Beats A Bud. Bill wher£ t w,ne |ne entertain P»IWO OF \*****55' FRESH! .PASTA DAI LY. F From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Potto Frotca Do Solwlaw
      1,028 words
    • Advertisement
      Page 12 Advertisements Column 2
      393 12 fancy 'Beijing? I Then, we're delighted to suggest the "Pine Court for a memorable dining experience. Our lunch menu offers a variety of dian fin 'Beijing dumplings, a selection fKCT^ of set menus, and Beijing specialities such as Beijing 'Duct, Tench and HeS.°!S!i Marinated Lamb, fancy some nowf R^ALRAV^ I
      393 words
Page thumbnail Page 13
  • LIFESTYLE
    • Article, Illustration
      Lock icon Would you jail a nice man like me?
      857 13 Probably yes. But lawyers say O J Simpson, charged with two counts of murder, could get away with a lighter sentence if convicted because of his immense popularity NYT OJ SIMPSON remains in custody, charged with murdering his former wife and one
      NYT; Reuter  -  857 words
    • Article, Illustration
      Karamazov Brothers prove a great catch
      692 13  -  Singapore Festival of Arts The four-man comedy/juggling team from US captivates Singaporeans. Juliette Walker reports Juliette Walker THEY'II toss anything clubs, swords, fish, old boots (and occasionally even their pony tails). But the surprising bit is that someone is (almost) always there to catch
      692 words
    • Article
      Lock icon Animator inducted into Hall of Fame
      376 13 CHATTERBOX UPI UPI UPI ANIMATOR Joseph Barbcra. one-half of the famed team Hanna-Barbera. was surprised to learn late last week that he and his partner Bill had been named as 1994 inductees into the Academy of Television Arts Sciences Hall of Fame. The 83-year-old
      UPI  -  376 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      123 13 The fresh Approach V: 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
      123 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1300 13 TV RADIO The Lost Boys, 11pm, SBC 5 Joel Schumacher (Falling Down) shows a lighter, younger gfr eHE- mjt £1 side in this 1987 teenage vam- pire romp. Dianne Wiest k M moves her sons to California. Sh M Jason Patric falls in with the V Mm L jIU local
      1,300 words
Page thumbnail Page 14
  • PROPERTY & CONSTRUCTION
    • REGIONAL SKYLINE
      • Article
        Price falls in HK houses marginal: report
        110 14 HONGKONG Apartment prices in Hongkong have fallen far less sharply in the second quarter than had been previously estimated, the Sunday South China Morning Post reported. The government has estimated that prices had fallen by as much as 10-15 per cent since it
        110 words
      • Article
        RCI sets up units in Australasia
        88 14 SINGAPORE US-based time-share firm Resorts Condominium International Inc is setting up companies in Australia and New Zealand. RCI Australia and RCI New Zealand will add a total of 79 resorts in Australia, New Zealand, Fiji and Tahiti to the 2,600-plus resorts already affiliated to
        88 words
      • Article
        Lock icon Aussie housing loans surge 6.7pc
        92 14 Bloomberg Business News CANBERRA Concern that official interest rates in Australia will rise sooner than forecast were fanned by government data yesterday showing a 6.7 per cent surge in housing lending in April, analysts said. Reserve Bank of Australia governor Bernie Fraser has signalled the
        Bloomberg Business News  -  92 words
      • Article
        Lock icon Recovery in UK house prices slows: report
        114 14 Bloomberg Business News LONDON The recovery in UK housing prices is losing pace, according to analyst John Wriglcsworth at ÜBS Ltd, a report in the Sunday Telegraph said. The paper said Mr Wriglesworth cut his estimate for this year's increase in house prices,
        Bloomberg Business News  -  114 words
      • Article
        Lock icon Century 21, Sydney firm to merge
        70 14 Australian Financial Review SYDNEY US-based real estate agency Century 21 plans to merge its Australian franchises with Sydney's Combined Real Estate group. The merger will create a chain of 170 outlets. Century 21 first made its entry into Australia in the late 1980s through
        Australian Financial Review  -  70 words
    • Article, Illustration
      Royal Brothers' bet on Aussie hotels paying off
      763 14  -  Florence Chong talks to the Kumars about their ventures Down Under Florence Chong The writer is B T's Sydney correspondent SINCE 1990, Singapore investors Raj and Ashok Kumar have been going to Australia researching the tourism industry. It took them three years
      763 words
    • Article
      Lock icon More tenants in US now hopeful of buying a home
      520 14 Bloomberg Business News MORE Americans think the time is right to buy a home than did a year ago, and a third of all renters hope to become homeowners within the next three years, according to the Federal National Mortgage
      Bloomberg Business News  -  520 words
    • Article
      Bangna Trad suburb emerging as Thai property hot spot
      852 15  -  The area, 30 minutes from central Bangkok, has almost everything in its favour. Alan Boyd reports Alan Boyd The writer is H i 's Bangkok correspondent DEV ELOPERS say there is too much of everything in Thailand's crowded property sector. But
      852 words
    • Article
      PROPERTY WATCH
      310 15 Selected transactions in the past week Typ. SI* PRIVATE Jun 12,1994 2367 Cashew Heights Condo 1238 999 715,000 577 Jun 13.1994 0208 Oakswoode Height Condo 829 FH 560,000 675 Jun 13.1994 1027 Holland Hill Mansion Condo 2200 FH 1,520,000 691 Jun 13.1994 1024 Park House Apt 1570 FH
      310 words
    • Article
      Winfoong makes all the right moves
      415 15 THE Hong Fok group's Hongkong subsidiary has been very busy of late. Winfoong Investments, listed on the Hongkong stock exchange, has entered into several property deals since May 1992. The remarkable thing is that all of them involve just one building. This is Nine
      415 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      67 14 r OLF-TASTIC am factory prices. IBKSk. Langert Forged Irons 3-SW 3 ,^B Arnold Palmer 4x9 $790 Tommy Armour Irons 3-SW $790 Peter Senior Irons 3-SW $490 \f Arnold Palmer 4x 9 $1,150 H Admiral 3x9 $650 Golf Shoes $49 lillttlßlHH $39 QBBBi PENANG ROAD HHHHHHHHHI $30 Idhoby ghaut I MRT
      67 words
    • Advertisement
      Page 14 Advertisements Column 2
      231 14 IIMB M J I rj I f < j, Ff I jmoilu jglgi If 1 HP*BKjp£ i 3 I* 1 1™ ififl I 9 r M ■f "fr*; To Host A Business Meeting Near Where Bosinessffleo Meet... You'll appreciate the Amara's convenience HIH guests can walk to the nearby historic
      231 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      181 15 THE ONLV PORTABLE OHP THAT LETS YOU READ *r h o| a button. ZOOM the touch 01 si X an be enlarged by *>» I images c I I i I i— ,o,acompansono«^ s 2S THE FINE PRINT the touch a ut e ran be enlaf images ca 60% in
      181 words
    • Advertisement
      Page 15 Advertisements Column 2
      286 15 This advertisement is for information purposes imh and Jots not constitute an invitation or offer to acquire, purchase or subscribe for debt securities. 21 June, 1994 ~\7 r XW T International VV Finance Inc. (incorporated under the laws of the Suite of Delaware) U.S. $300,000,000 7 per cent. Notes due
      286 words
Page thumbnail Page 16
  • Article
    Enough of World Bank bashing
    506 16 >BDVTORIAL IT'S A pity indeed that in so many developing nations, the World Bank and the International Monetary Fund arc regarded with as much enthusiasm as an earthquake. How fashionable and convenient it's become to blame a nation's short-comings not just economic, but also social
    506 words
  • WHAT THE OTHERS SAY
    • Article
      World held to ransom
      251 16 IF THE Russian mafia is not eliminated, Karl Marx's vision of the state withering away might be realised grotesquely when all other Marxist tenets have foiled, but in a manner that Marx never dreamed of. According to Western reports, gangsters have not only managed to acquire
      251 words
    • Article
      Investing in wakaf land
      197 16 THE successful auction of five new Telok Kurau apartments in Villa Indah belonging to the Muslim Religious Council of Singapore (Muis) shows that the investment promises a good return. Muis made more than $3.4 million from the auction of the apartments, which were built on wakaf
      197 words
    • Article
      Maintain medical ethics
      242 16 TO TIGHTEN ethical constraints in medical practice, the Health Ministry has just formed a medical ethics committee, and is considering giving more power to the Singapore Medical Council. A pragmatic and farsighted move indeed. Professional ethics apply to all professions, but most importantly to the medical field.
      242 words
    • Article
      Enforcement is what counts
      123 16 CHINA has been working hard to tighten its copyright laws in advance of this month's deadline, set by the United States, for it to take effective measures or face retaliation. That much is clear from the tone of the White Paper on intellectual property released yesterday,
      123 words
    • Article
      Long overdue policy
      94 16 THE EVENTS affecting the natural rubber (NR) industry in the last couple of decades have given those directly involved much cause for concern. The prolonged price depression on the world NR market, the competition from synthetic rubber, and the problems of labour shortage and rising costs have
      94 words
    • Article
      Back in the right place
      122 16 FROM THE DEPTHS of the frenetic bargain basement of the KLSE in February, a whiff of suspicion emerged that the stock market's "correction" would throw cold water on the performance of the economy for the year. Not only have the first quarter figures announced late
      122 words
  • Article, Illustration
    Lock icon US productivity: experience doesn't match the figures
    675 16  -  John M Berry says revised official numbers released last week have produced a fuzzy picture as to whether there is a long-term trend of higher productivity John M Berry The Washington Post Economist Martin Neal Baily calls it "cognitive dissonance" a gap "between
    The Washington Post  -  675 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      534 16 EGYPT SINGAPORE-AUSTRALIA |||IMJM||I JOINT-VENTURE CONFERENCE (Trade Investment Opportunities) For Asia-Pacific region to be held in Singapore at Orchard Hotel Sydney-Australia at Park Royal Darling Harbour Hotel Egypt transformed by the latest policies in privatisation of industry, has embarked on a major diversification programme to modernise its industry. These policies will
      534 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      59 16 fHCXJ Tf\%r is\ (VeRV VTWRQE. S&COMDS PLKT tNCLODIMG f IS TVtfc. V.FAST... )\p\ R.\B?>ON CHPiNGC IH THE. Fißre •?J £f |3n /f-ter f wei? ON Y/ THe QOICK &«DUJN I RG.GiNf'U? cv<esrtß— N I fox jompe.D oveß. 1/ fIS.R«yS PCWMt- SejCJReTp«RV A \TMe. LKZ-V DOG y rt >/ c ASSOCIATgQ
      59 words
Page thumbnail Page 17
  • ANALYSIS
    • Article, Illustration
      Driven by visions of a huge Asian market
      901 17  -  Anthony Rowley finds Mazda focusing its growth strategies on Asian countries and adopting humane ways of cutting costs Anthony Rowley IN TEN YEARS, the Asian market for motor vehicles should be equal in size to the European market, according to Tsuneo Matsubara,
      901 words
    • Article
      Lock icon Gearing up to challenge London
      979 17  -  Raymond Frenken describes forthcoming changes in the Dutch stock market Raymond Frenken Bloomberg Business News THE WORLD'S oldest stock exchange is waking up to 21st Century reality. Ever since share certificates in the Dutch United East India Company changed hands on the city's New Bridge
      Bloomberg Business News  -  979 words
    • Article
      Mazda: car maker with a heart
      904 17 EOPLEISM" is the term used by Professor KeiJL suke Itami of Tokyo's Hitotsubashi University to describe the concept of employee sovereignty within Japanese corporations. The idea that people meaning employees as well as consumers matter is one that defines the corporate philosophy of Mazda
      904 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      105 17 The Baby Boom G ENERATION. Handmade since 1856. •■VltlY Hlllf NIW YORK HONOLULU TOKYO MONO HOMO Hlli GOLD PFEIL Singapore: Takashimaya Shopping Centre Ngee Ann City *01-04 Liat Towers #01-OJA f] Qpp J ntldnri Itl All Hor Mniochl A su P eib ,ocation flanked by elegant shopping thoroughfares LjUIIWUH 111
      105 words
Page thumbnail Page 18
  • Article, Illustration
    Lock icon Clinton sees hopeful signs from N Korea
    403 18 Reuter, AFP WASHINGTON President Clinton said yesterday there are "hopeful signs" a clash over North Korea's nuclear programme can be averted, but cautioned that Pyongyang's offer to freeze the programme had to be verified. It was Mr Ginton's first public comment on the
    Reuter,; AFP  -  403 words
  • Article
    Lock icon US Supreme Court allows disputed taxation of MNCs
    462 18 AP WASHINGTON The Supreme Court yesterday allowed individual states to continue taxing multinational corporations in a way that has resulted in other governments threatening retaliation against US businesses. Britain has said it would retaliate if California's tax was imposed in a way
    AP  -  462 words
  • Article
    Investors stay away from Thai market ahead of PDP meeting
    328 18  -  From Loh Hui Yin in BANGKOK JITTERY investors stayed away from the stock market yesterday while they waited for last night's crucial meeting to be held by the Palang Dharma Party (PDP), a partner in Prime Minister Chuan Leekpai's government.
    328 words
  • Article, Illustration
    The key to Hongkong's real estate nightmare
    907 18  -  The Bottom Line PAUL MARRIAGE PAUL MARRIAGE The writer is executive director of Hongkong-based corporate affairs consultancy Forrest International. The views expressed are his own and do not necessarily reflect those of the company. SINCE the Hongkong government took on the role of
    907 words
  • Article
    Lock icon Rafidah calls for more export of services to narrow trade deficit
    350 18 MBT KUALA LUMPUR Malaysia's widening trade deficit can be reduced by increasing the country's exports from the services sector. International Trade and Industry Minister Rafidah Aziz, acknowledging that trade deficit due to huge imports had always been the country's
    MBT  -  350 words
  • Article
    Lock icon EU employers want govts to cut spending
    260 18 Bloomberg Business News BRUSSELS European Union governments should squeeze spending, reduce labour costs to employers and back small businesses if the continent wants to remain economically competitive on a global scale, the Union of Industrial and Employers' Confederations of Europe (Unice) said yesterday.
    Bloomberg Business News  -  260 words
  • Page 18 Advertisements
Page thumbnail Page 19
  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 19 WEAK Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Oxer night events may alter sentiment. Brokers polled: Alliance. Baring. Daiwa. Kav Hum. Nomura. OngCo. Phillip, Smith Alew Court, lat Lee and SG Warburg.
        42 words
      • Article, Illustration
        HOT STOCK
        141 19  -  By Paul Leo Hotel Properties Ltd has been trading between $2.10 and 52.42 since April 19. A break either side of this range is likely to result in at least a 32 cent move in the direction of the break. With support seen as firm at $2.10, Hotel
        141 words
    • Article, Illustration
      Lock icon KL to streamline powers of SC, ROC
      481 19  -  Asian capital markets conference Reports by Ho Kay Tat in KUALA LUMPUR THE regulatory powers of the Securities Commission (SC) and the Registrar of Companies (ROC), which sometimes overlap, will be streamlined to improve supervision of the capital markets. Prime Minister Mahathir Mohamad
      AFP  -  481 words
    • Article
      Asia's infrastructure projects will boost capital markets: Dr M
      371 19 KUALA LUMPUR Asia will need up to US$l trillion (S$ 1.53 trillion) over the next six years to finance infrastructure projects, and efforts toward meeting this goal would boost development of the region's capital markets. Malaysian Prime Minister Mahathir Mohamad told
      371 words
    • Article
      SIA may stage recovery this year
      394 19  -  By Rahita Elias SINGAPORE Singapore Airlines could stage a modest recovery this year, chairman J Y Pillay says in the carrier's 1993-94 annual report, released yesterday. "Against the backdrop of doleful results in the rest of the industry, analysts may be inclined to infer
      394 words
    • Article
      Ssangyong to place out 3.66m shares
      117 19 SINGAPORE Main boardlisted Ssangyong Cement (Singapore) said yesterday it would place out 3.66 million new 50cent shares. The shares are being placed with investors at $5.60 each a 3.4 per cent discount on the stock's closing price of $5.80 yesterday. The placement will raise
      117 words
    • Article
      CASH share price surge: are investors banking on the Prajogo connection?
      762 19  -  HOCK LOCK SIEW By William Chia KUALA LUMPUR The share price of Construction Supplies House Bhd (CASH), a Malaysian building materials supplier which is also traded on Singapore's Clob International, hit the roof on the first day of trading
      762 words
    • Article
      FELS and Keppel win joint $60m contract
      230 19 SINGAPORE Far East Levingston Shipbuilding Ltd (FELS) and Keppel Shipyard have jointly won a $60 million conversion contract. The two companies will convert a drilling rig into a floating production platform and return it to the Liuhua oil field in the South China
      230 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Berger wins Shell Brunei contract
          46 20 SINGAPORE Recently listed Berger International has won a contract to supply Berger paints to Brunei Shell Petroleum, the sole operator of oil and gas fields in Brunei. Berger estimates that the three-year contract will rake in sales of over $3 million.
          46 words
        • Article
          UOB sells Kota Kinabalu branch
          41 20 SINGAPORE United Overseas Bank said yesterday it had sold its Kota Kinabalu branch to Linatex Process Rubber. The Ms 79 million (5546.7 million) deal, which includes Msso million (5529.6 million) for goodwill, was signed on Saturday.
          41 words
        • Article
          Name change for Singatronics unit
          52 20 SINGAPORE Singatronics yesterday said its wholly-owned subsidiary, Singatronics Intek Holdings Pte Ltd, would be changed to Glopeak Properties and Hotels Pte Ltd. Glopeak, which has an authorised capital of $50 million and a paid-up capital of $2, will be Singatronics' vehicle in the hotels and
          52 words
        • Article
          Conversion of DBS preference shares
          84 20 SINGAPORE DBS Bank yesterday gave brokers guidelines on how its DBS Non-redeemable Convertible Preference Shares (NCPS) can be converted to ordinary local DBS shares. DBS NCPS holders can also subscribe for additional DBS ordinary shares to round up the number of ordinary shares to the
          84 words
        • Article
          Metro acquires 50pc Gurney stake
          60 20 SINGAPORE Metro Holdings yesterday announced that it had acquired a 50 per cent stake in Gurney Investments Pte Ltd for Si. Gurney Investments, which was incorporated in April and whose main activity is investment holding, has an authorised share capital of $100,000 and a paid-up
          60 words
        • Article
          Lock icon Higher profits for Petronas Dagangan
          55 20 Bernama KUALA LUMPUR Petronas Dagangan Bhd has chalked up a company pre-tax profit of M$ 103.03 million (5560.9 million) for the year ended March 31, 1994, up 31.4 per cent. Petronas Dagangan said turnover amounted to M 52.98 billion, up 6.4 per cent from M
          Bernama  -  55 words
      • Article
        Untitled
        469 20 M—pnf pricw Jun 21 Singapore Unit Trust The Commerce 1.65 l.75xd The Savings Fund 1 56 1.65 S'pore Prog Fund 0.70 0.74 S'pore Sec Fund 1.03 1.09 S'pore Invest Fund 1.18 l.25xd S'pore Equity Fund 0.83 0.88 Asia Unit Trust Mai Invest Fund 2.10 2.21 Mai Prog Fund 0.69 0.73
        469 words
      • Article
        Lock icon 120m units of Kumipa shares snapped up
        227 20 Bernama KUALA LUMPUR A total of 120 million units of Tabung Kumpulan Modal Bumiputera Pahang (Kumipa) Berhad shares valued at Msl each have been sold since its sales counter opened on Sunday. Chief Minister Khalil Yaacob said 90 million units were snapped up
        Bernama  -  227 words
      • Article
        Dharmala Philippines to raise 500m pesos
        193 20  -  From Al Labita in MANILA MANILA A subsidiary of Indonesia's Dharmala Group plans to raise 500 million pesos (Ss29 million) from the money market to pay debts and boost working capital. The plan was outlined in an application filed by Dharmala Philippines, formerly Wise
        193 words
      • Article
        Indon coffee company to raise 114b rupiah
        383 20  -  Prasidha Aneka Niaga to offer 30 million shares in IPO By William Chia SINGAPORE Indonesia's leading maker of coffee powder, Prasidha Aneka Niaga (PAN), plans to raise 114 billion rupiah (SSB3 million) through an initial public offer. The company's president director, Mansjur Tandiono,
        383 words
      • Article, Illustration
        CCL to distribute Fords in Vietnam
        217 20 SINGAPORE Motor distributor Cycle Carriage Ltd (CCL) will soon be distributing Ford vehicles in Vietnam. CCL said yesterday it had received a letter of intent from Ford Motor Company to distribute Ford passenger cars and commercial vehicles. The distributorship is subject to Ford's approval
        217 words
      • Article
        Samanda to get Manila bank stake
        305 20  -  From Al Labita in MANILA THE Philippines has approved a proposal by Malaysia's Westmont Holdings to transfer its 40 per cent state Associated Bank to a subsidiary. Samanda Holdings Bhd. The approval was made during Friday's closed-door meeting of the Monetary Board (MB), the
        305 words
      • Article, Illustration
        Lock icon Analysts upbeat on Guthrie
        274 20 MBT KUALA LUMPUR Analysts see good times ahead for Kumpulan Guthrie Bhd with Abdul Khalid Ibrahim emerging in the pilot's seat and charting the course of one of the largest plantation groups in the country. "With the resources in Kumpulan Guthrie and Khalid's dynamism, the group
        MBT  -  274 words
      • Article
        Lock icon Cigarette firm Sampoerna's profit soars
        106 20 AFP JAKARTA Cigarette-maker PT HM Sampoerna recorded a 93.37 per cent rise in net profit last year to 105.5 billion rupiah (5574.8 million), reports said yesterday. Putera Sampurna. head of the East Java-based company, expressed optimism that it would record another rise of 183 billion
        AFP  -  106 words
      • Article
        DBS Buana opens its second Indon branch
        173 20 SINGAPORE DBS Buana Tat Lee Bank, a joint-venture between Singapore's Tat Lee Bank. DBS Bank and Indonesia's Bank Buana. has opened its seeond full-service branch in Indonesia. Tat Lee. which has a 42.5 per cent stake in DBS Buana. said yesterday the new
        173 words
      • Article
        Lock icon Utusan gets nod for main board listing
        193 20 Bernama KUALA LUMPUR Utusan Melayu (Malaysia) Berhad has obtained approval from the Securities Commission for the listing and quotation of its entire enlarged issued and paidup capital of M 577.37 million (5545.6 million) at the Kuala Lumpur Stock Exchange main board. Bumiputra Merchant
        Bernama  -  193 words
      • Article
        Lock icon MHS has controlling interest in AIM
        394 20 Bernama KUALA LUMPUR Malaysian Helicopter Services Bhd moved closer to taking over Airod Sdn Bhd with the acquisition yesterday of a controlling interest in Aerospace Industries Malaysia Sdn Bhd. MHS. which is controlled by Tajuddin Ramli. has acquired a 33.3 per cent interest in
        Bernama  -  394 words
      • Article
        Lock icon Two Malaysian companies to enter Indon securities market
        296 20 Bernama JAKARTA Two Malaysian companies. Waterfront Group, and Rashid Hussain Bhd. will establish joint venture securities firms with their respective Indonesian partners to enter Indonesia's securities market. The business weekly Bisnis Indonesia yesterday said Waterfront Group had struck a partnership with PT
        Bernama  -  296 words
      • Article
        Lock icon Asian listings will test Aussie stock watchdog
        541 21 Reuter SYDNEY A push by the Australian Stock Exchange to list foreign, mainly Asian, companies will test the ability of the Australian Securities Commission to regulate the market, says ASC chairman Alan Cameron. The exchange has set a target of 10 Asian companies
        Reuter  -  541 words
      • Article
        H share offerings in beeline for S'pore
        323 21  -  From Lim Soon Neo in HONGKONG A NUMBER of Chinese stateowned enterprises in the second batch selected by the Chinese authorities for overseas listings are likely to visit Singapore to interest regional funds, say merchant bankers. Already, Luoyang Glass Company Ltd, the first
        323 words
      • Article, Illustration
        Lock icon Gantry offer ignites bid war for Bridge
        236 21 Bloomberg Business News SYDNEY Gantry Acquisition Corp of the United States made a rival takeover offer for Australia's Bridge Oil Ltd that values the company at A 5356.7 million (SS4O3 million) or 85 Australian cents a share. Bridge has been battling a hostile
        Bloomberg Business News; Reuter  -  236 words
      • Article
        Lock icon Taiwan privatises two state firms this week
        167 21 AFP' TAIPEI China Petrochemical Development Corp (CPDC) was formally handed over to private concerns yesterday, the first Taiwanese enterprise to break from 40 years' of economic ministry control. Officials said BES Engineering Corp was also scheduled to go private tomorrow under the government's
        AFP'  -  167 words
      • COMPANY BRIEFS
        • Article
          Lock icon China's first stock issue by tender
          84 21 Reuter SHANGHAI A power company from north-cast China will this week become the country's first enterprise to sell shares to the public using a tender system, the China S<xurities News reported. Harbin Suibao Pyroelectricity Co Ltd will on Saturday ofFer 25 million shares, to
          Reuter  -  84 words
        • Article
          Lock icon Liu Chong Hing offering 100m shares
          104 21 Bloomberg Business News HONGKONG Hongkong banking group Liu Chong Hing Bank intends to sell 100 million new shares at HKSIO each in its initial public olTer. which is due to open for subscription on Thursday. Its parent. Liu Chong Hing Investment, said the bank
          Bloomberg Business News  -  104 words
        • Article
          Lock icon Fujita plans Shanghai project
          76 21 AFP TOKYO Japanese eonstruction company Fujita Corp plans to set up a joint venture in Hongkong as early as next month to build and manage commercial and residential property in Shanghai. company officials said yesterday. While the officials refused to comment on the details, reports said
          AFP  -  76 words
        • Article
          Lock icon Harbour Ring in warrant bonus issue
          81 21 Bloomberg Business News HONGKONG Toy manufacturer Harbour Ring International Holdings announced a bonus issue of 270.9 million three-year warrants for existing shareholders. Each warrant will entitle its owner to subscribe for a new share in the company at HKSI.9B at any time from the
          Bloomberg Business News  -  81 words
      • Article
        Lock icon Independent Holdings against Foodland takeover bid
        141 21 Bloomberg Business News ADELAIDE Wholesale grocery group Independent Holdings Ltd is opposed to a takeover bid for wholesale group Foodland that would end up giving retail giant Coles Myer Ltd all of Foodland's Australian assets. "It's outrageous to think that, should the authorities allow
        Bloomberg Business News  -  141 words
      • Article
        Lock icon Japanese investors rate Asian markets highly: survey
        441 22 Reuter TOKYO Japanese institutional investors and foreign securities companies and institutional investors with units in Japan rate investments in Asian markets highly. On the other hand, they are a little reluctant to invest in the US market, says a Reuters stocks and bonds
        Reuter  -  441 words
      • Article
        Lock icon Comcast wins bid for US cable systems
        466 22 NYT NEW YORK The Comcast Corp says its US$l.27 billion (551.94 billion) offer has won a bidding war for the US cable television systems of Maclean Hunter Ltd. The acquisition would make Comcast the third-largest cable company in the United States with 3.5
        NYT  -  466 words
      • Article, Illustration
        Lock icon Hyundai told 3 units can seek market registration
        171 22 AFP SEOUL The Korean Securities Dealers Association (KSDA) announced yesterday that three subsidiaries of the giant Hyundai Group could apply for over-the-counter (OTC) market registration. The KSDA said it would determine approval of the bids after the three Hyundai Housing and Industrial
        AFP  -  171 words
      • Article
        Lock icon India to reform antiquated share settlement system
        333 22 Reuter BOMBAY India will introduce legislation by the end of the year to reform its antiquated share settlement system which has slowed foreign portfolio investment in the country, a senior Finance Ministry official said last Friday. P J Nayak, joint secretary in the
        Reuter  -  333 words
      • Article
        Lock icon Philip Morris announces resignation of chairman
        364 22 Washington Post NEW YORK Philip Morris, the world's premier tobacco producer, on Sunday announced the resignation of its chairman and chief executive, Michael Miles. Like other cigarette companies, Philip Morris has been besieged this year by threats of increased government taxes and lawsuits because
        Washington Post  -  364 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Panel urges Japanese govt to ease up on banks
        301 23 Reuter TOKYO A panel set up by Japan's Ministry of Finance (MOF) to study financial liberalisation has recommended in a report that the government loosen its supervision of market activities of banking and financial institutions, moving more into line with Western
        Reuter  -  301 words
      • Article
        Lock icon Japan clarifies shareholding guidelines
        129 23 AFP TOKYO Japan's Fair Trade Commission (FTC) has clarified guidelines for Japanese banks which want to hold more than 5 per cent of another company, a commission official said yesterday. The official said the three exceptions to the rule preventing banks from holding 5 per cent
        AFP  -  129 words
      • Article
        Lock icon Taiwan's Formosa plans bond issue road show
        207 23 AFP TAIPEI Petrochemical giant Formosa Plastics Group (FPG) is to launch a worldwide campaign to promote a US$l.5 billion (552.29 billion) convertible bond issue, group officials said yesterday. The landmark move, if successful, is expected to encourage other large conglomerates here to do
        AFP  -  207 words
      • Article
        Lock icon Shokusan scraps merger with 2 regional banks
        370 23 Bloomberg Business News TOKYO Shokusan Bank, an unlisted regional bank based in Yamagata Prefecture in northern Japan, yesterday announced it decided to abandon a plan to merge with two other regional banks. On Saturday Kita Nippon Bank had already said it would scrap
        Bloomberg Business News  -  370 words
      • Article
        Lock icon German futures exchange rediscovers stock options
        176 23 Reuter FRANKFURT The German futures and options exchange may soon return to its roots and expand its palette of stock options, an event eagerly awaited by traders, exchange and industry sources say. The Deutsche Terminboerse was launched in January 1990 with options on 14
        Reuter  -  176 words
      • Article
        Finance messenger Swift slashes joining fees
        179 23 SINGAPORE The international financial messaging organisation Swift the Society for Worldwide Interbank Financial Telecommunication has slashed joining fees by up to 70 per cent and is offering a 5 per cent rebate to customers on 1994 message traffic. A Swift spokesman said yesterday the
        179 words
      • Article
        Lock icon Chinese finance ministry urges reform of state bond issue
        366 23 AFP BEIJING The Chinese finance ministry has called for a reformed market-led primary market for treasury bonds, saying the present system obstructed state access to resources. The ministiy state debt administration vice-director Gao Jian said the main subscribers should be financial
        AFP  -  366 words
      • SMALL CHANGE
        • Article
          Lock icon Krung Thai sets up branch in S'pore
          86 23 Reuter BANGKOK Krung Thai Bank pic will open its first branch office in Singapore on July 15 to arrange Bangkok International Banking Facilities (BIBF) and to provide services in importexport and investment banking to local business, a company official said. The Singapore office
          Reuter  -  86 words
        • Article
          Lock icon Indian steel maker taps HK market
          104 23 Reuter HONGKONG Indian steel manufacturer Essar Gujarat Ltd plans to issue a U***** million (SS3O6 million) five-year floating rate note in the first week of July in Hongkong, manager Chase Manhattan Asia Ltd said. The preliminary terms of the globally registered floating rate note
          Reuter  -  104 words
        • Article
          Lock icon Beijing closes 16 illegal banks
          97 23 Reuter BEIJING The Shanxi branch of the People's Bank of China has closed 16 illegal private banks as part of its campaign against irregular monetary activities, the Financial News has reported. In all. the central bank closed 28 organisations, merged two, ordered four to change
          Reuter  -  97 words
        • Article
          Lock icon UNUM launching new policy in Japan
          112 23 AFP TOKYO The UNUM group, a major US insurance company, plans to launch in Japan a policy that compensates loss of income for those who become unable to work over long periods, a newspaper said yesterday. The Japanese finance ministry is expected to give
          AFP  -  112 words
      • Article
        Lock icon US govt seeks yardstick to measure mutual fund risks
        481 24 NYT NEW YORK With financial markets gyrating capriciously, the government is looking for a simple yardstick to help investors measure the risks of mutual funds. Fund advertisements currently trumpet their past returns in bold type, while tiny footnotes caution: "Past performance
        NYT  -  481 words
      • Article
        Lock icon Australia raises forecast for commodity prices
        259 24 Reuter CANBERRA The Australian government's official commodity forecaster has increased its forecast for commodity prices in 1994/95, forecasting a 7 per cent rise. Primary Industries and Energy Minister Bob Collins said yesterday. Pre-empting the official release of the figures today, Mr Collins said the
        Reuter  -  259 words
      • Article
        Lock icon Thais to slash oil imports, double natural gas imports
        451 24 IHT SINGAPORE Thailand will slash oil imports and is negotiating with South-east Asian countries to more than double its imports of natural gas in the next few years, according to officials and oil company executives last week. They said that Myanmar
        IHT  -  451 words
      • Article, Illustration
        Lock icon Iran and Sri Lanka to discuss tea-for-oil deal
        386 24 Reuter COLOMBO Sri Lanka has asked Iran to buy more of the island's tea in return for increased oil imports from there. Trade and Commerce Minister Abdul Munsoor said. He told Reuters last Thursday that a trade team from Iran, one of
        Reuter  -  386 words
      • Article
        Lock icon China struggles to contain steel import surge
        442 24 Reutcr BEIJING China last year spent US$ll billion (5516.8 billion) importing a record 30.26 million tonnes of steel and vowed never to do it again. But traders yesterday said history was repeating itself this year. They said the import surge had caused wild
        Reutcr  -  442 words
      • Article
        Lock icon Mitsubishi Oil's Viet site may be South-east Asia's biggest
        198 24 Bloomberg Business News TOKYO Mitsubishi Oil Co announced yesterday that its test drilling site off the coast of Vietnam has yielded 10.346 barrels of oil a day. The test site is in concession 15-2. which lies 80 to 200 km south-east
        Bloomberg Business News  -  198 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        150 24 THE US$ continued to be plagued yesterday by bearish sentiments in the global currency markets leading to a firming of most regional currencies. The S$ made the most gains, breaking what many expected to be strong support at 1.53. It was last trading at 1.5288/93.
        Charts by Dow Jones Telerate  -  150 words
      • Article
        Lock icon London
        178 24 Reuter LONDON The dollar began to slip again late in the European day as the time passed when concerted central bank intervention could be expected, dealers said. "Fear of intervention meant operators were fairly quick to take profits earlier, which limited the downside." said the currency strategist at a
        Reuter  -  178 words
      • Article, Illustration
        Untitled
        1723 24 I rade-HtuHlnl inde\ ivkulalnl aguinu S'pare > lop 14 trading /urrnm Ktix* inar ms US$/S$ forward rates Noon June 20 Bid Offer 1-month ***** ***** 2-month 1.5278 1.5293 J-monih 1.5275 1 5290 6-monrh 1.5255 1.5275 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on June 20 Singapore dollars to
        1,723 words
      • Article
        Lock icon Opec crude basket rises to US$16.29
        137 24 ENERGY REPORT KnightRidder LONDON The price of Opec's basket of seven crudes rose to U5516.29 per barrel last week, up 45 US cents from U5515.84 the week before, the Opec News Agency reported. According to figures released by the Opec Secretariat in Vienna yesterday,
        Knight- Ridder  -  137 words
      • Article
        Lock icon New York
        88 24 AFP NEW YORK The dollar fell against major currencies yesterday, dropping below 1.6 German marks for the first time in eight months. At around 10:00 am (1400 GMT), the dollar was trading at 1.5980 German marks, down from 1.6100 on Friday and at 102.50 yen from 102.65. Earlier
        AFP  -  88 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures firm, JGBs plunge
        1382 25 StMEXItSPORT j Reuter SINGAPORE Simex Euroyen futures closed firmer while Japanese government bond (JGB) futures continued to plunge on continued sell-offs. Dealers said Euroyen followed the plunge in JGBs in the morning but managed to rebound due to the strong yen. A dealer with a
        Reuter  -  1,382 words
      • Article
        KL tin closes up on foreign demand
        685 25 COMMODITY REPORTS KL Tin FRESH European investment buying and a firmer London market pushed tin price up seven sen to MS 14.44 a kg at close. "Tin is following the firmer trend in copper and aluminium." said one trader, noting fresh buying investment
        685 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Indons eye US$5b refining projects
          55 25 LONDON The Indonesian authorities are evaluating five petrochemical and oil refining projects, worth US$5 billion (557.6 billion), as part of new investment commitments, the Opec News Agency reported. Sanyoto Sastrowardoyo, Minister for Investment Development, said the country was now more optimistic about new investment commitments
          55 words
        • Article
          Cobalt output down in 1993
          66 25 LONDON World production of cobalt fell by over 25 per cent from 25.477 tonnes in 1990 to 18,753 tonnes in 1993, due almost entirely to the decline in output in Zaire which was down from 10,000 tonnes in 1990 to 2,200 tonnes last year. According
          66 words
        • Article
          OMV in 60,000 bpd crude deal
          90 25 ABU DHABI Austria's state-controlled oil firm OMV will be able to market more than 60,000 barrels per day of crude from Abu Dhabi under a deal reached with the International Petroleum Investment Co (Ipic). Austria's Minister of Transport and Economy Viktor Klima said in
          90 words
        • Article
          World grain output to rise 3pc
          90 25 LONDON World grain output will rise 3 per cent to 1.947 billion tonnes in 1994, according to the United Nations Food and Agriculture Organisation's latest bi-monthly report. But it will still be below trend, the FAO said. FAO estimates put the 1993 crop at
          90 words
    • Article
      COMMODITY PRICES
      1429 25 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 94 166 50 166.SO 166.75 150 T200 Aug 162.00 3050 Sep 157.50 157.00 157.75 300 1900 Oct/Dec 156.25 155.25 155.75 1125 9150 Jan/Mar 155.50
      1,429 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1133 26 -26.8 AUSTRALIA'S financial markets were battered yesterday by fears of rising inflation which caused bond yields to soar to two-year highs and stocks to plunge. The key All Ordinaries Index closed 26.8 points down at 2,024.4, its lowest point since May 10, while the All Industrials plunged 58.9 to
        1,133 words
      • Article
        Manila
        668 26 -28.15 Philippine share prices dropped for the eighth straight trading day yesterday as funds remained committed to forthcoming initial public offerings (IPOs), analysts said here. The Philippine Stock Exchange Composite Index tumbled 28.15 points to close at 2,854.68. This represented a 136.17-point or 4.5 per cent fall since the
        668 words
      • Article
        Taipei
        610 26 -121.31 The Taipei bourse suffered a setback yesterday in light trading on profit-taking after six consecutive winning sessions, with shares across the board registering losses, dealers said. Following the previous session's 10.1-point advance on Friday, the Weighted Price Index lost 121.31 points or 1.97 per cent to settle at
        610 words
      • Article
        New Zealand
        288 26 -30.63 New Zealand shares ended 1.46 per cent lower yesterday in direct response to weaker world bond and equity markets, particularly in the US and Australia. Turnover was typically thin for a Monday, with shares worth NZ$32.B million trading. The NZSE-40 Capital Index ended 30.63 points down at
        288 words
      • Article
        Bombay
        64 26 +45.99 Shares ended higher on buying across a broad front by local market players, brokers said. The Bombay Stock Exchange 30-share Index touched a 26-month high, closing at a provisional 4,328.58, up 45.99 points from the previous close. The BSE Index showed a record closing high of 4.467.32 in
        64 words
      • Article
        Seoul
        510 26 16.31 Share prices on the Korean Stock Exchange leapt for the fourth consecutive day yesterday on news that preparations were underway for an inter-Ko-rean summit. The Composite Price Index closed 16.31 points higher at 942.50, with 49 million shares worth 900 billion won changing hands in heavy trading. Rises
        510 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        672 26 Britannia Funds Sid-lint Cash Bid Offer Mini Cap [leposH J* 6400 J8 (>500 Mini Jenrv (.ih .0 189J 0 I'M2 Mini Mm Income ****** *0 9300 L SS ash Income Plus Fund 9 "800 10 3100 PS Rrne Fund 5 2*00 5 2900 Sterling hquil) Euro Performance .0 4592 0493S
        672 words
      • Article
        London
        674 26 •51.8 EQUITIES finished a volatile session weak but well above the lowest levels in thin trade yesterday. Traders and strategists believe the FTSE could be set for further falls before any significant buying emerges. At the closc, the FTSE 100 Index was down 51.8 points to 2,971.1, recovering from
        674 words
      • Article
        Paris
        142 26 -32.91 French shares closed off their lows but mainly on short covering, rather than any sign of a rally, traders said. At its lows, the CAC--40 index fell over 3 per cent before traders gradually bought back positions. Operators said much of the selling came from French retail investors
        142 words
      • Article
        Stockholm
        126 26 -37.44 The OMX-indcx plunged 37.44 points 3.45 per cent to a new year-low of 1,047.59 on the Swedish bourse. Shares followed Europe lower on higher debt market yields. The All-share Index was down 3.3 per cent at a new year-low of 1.345.46 in moderate turnover of 2.451 billion crowns.
        126 words
      • Article
        Frankfurt
        177 26 -81.90 The 30-sharc DAX index ended 3.99 per cent lower, at its lowest closing level since Oct 4, 1993. Most share prices hit by weak German debt prices but stocks seen in slight technical rise in post-bourse dealing. The DAX Index ended at 1,968.82, down 81.90 points from Friday's
        177 words
      • Article
        Brussels
        189 26 -25.50 Stocks plummeted to their lowest since mid-December on higher long-term interest rates and bond yields and a weak dollar, traders said. The Bcl2o index of leading shares had fallen 33.78 points in morning trading before rebounding in the afternoon to closc down 25.50 points at 1,420.31. The yield
        189 words
      • Article
        Milan
        167 26 -27.27 Shares struggled off session lows as selling pressure cased to the closc, but the mood remains pessimistic with other European bourses, bonds, traders said. The Mibtcl Index fell 27.27 points to 698.90 from Friday's close of 671.63. "It fell with all the others, we broke all the supports
        167 words
      • Article
        Amsterdam
        301 26 -9.78 Nervous short covering helped Dutch shares claw their way back from a battering at the hands of a sharply lower dollar and plunging international bond and equity markets to end well above the day's lows. The EOE Index closed down 9.78 points or 2.49 per cent at 382.84,
        301 words
      • Article
        Zurich
        224 26 -50.85 Swiss shares ended sharply lower, but off early-after- noon lows as the market pared earlier losses in a technical reaction. However, volume remained moderate. The AllShare Index was down 50.85 points or 2.92 per cent to 1,690.38 after setting another year low at 1,677.99. Zurich Jun 20 traart
        224 words
      • Article
        Johannesburg
        307 26 -107 Shares ended substantially lower yesterday after tracking weaker world markets and ahead of Wednesday's national budget, dealers said. The Overall Index 72 points down at 5,712 and Industrial Index 107 points down at 6.623. Gold index was 30 points up at 2,227. Vaal Reefs was six rand up
        307 words
      • Article
        Toronto
        259 26 -56.75 Stocks slumped at midday yesterday as the Canadian bond market and dollar plunged, but traders expect the fall to end in the afternoon. "I'd be surprised if it goes further, particularly when New York is recovering a little bit," said one trader. The TSE 300 Composite Index was
        259 words
      • Article
        New York
        796 26 -30.44 Stocks plummeted yesterday, shaken by a collapsing dollar and inflation fears, which were fuelled by a jump in crude oil prices. At Ipm EDT, the Dow Jones Industrial Average was off a steep 30.44 points at 3,746.34. adding to last Friday's setback of 34 points. On the
        796 words
    • Article, Illustration
      Lock icon HONGKONG
      3006 27 Reuter HONGKONG Shares ended lower yesterday after narrow range trading dominated by worries over the weakness of the US dollar, brokers said. The Hang Seng Index, down 130.28 points at lunch, dipped lurther in early afternoon to fall more than 150 points, but climbed back to 8,998.18 to end
      Reuter; Source: Bridge Info  -  3,006 words
    • Article, Illustration
      Lock icon CHINA
      541 27 CLSA TURNOVER in Shanghai B shares picked up from Friday's low of US$2 million to USS3.6 million yesterday. Sanmao was the most activc counter with 4 per cent shares changing hands. Forever Bicycle and Pilkington also saw active turnover with minor price movements. The index was up marginally by
      CLSA  -  541 words
    • Article, Illustration
      Lock icon TOKYO
      2493 27 Reuter TOKYO Stocks ended sharply lower in quiet trade yesterday, with sentiment hurt by a weaker dollar, lower bond prices and political uncertainty in Japan. While investors retreated to the sidelines, dealers sold long positions, knocking prices down, brokers said. "Despite the negative factors that emerged, selling remained light,"
      Reuter; Source: Bridge Info  -  2,493 words
    • Article, Illustration
      Lock icon BANGKOK
      1863 27 Reuter BANGKOK Stocks closed lower on concerns about government stability, brokers said. "Domestic politics was the major factor sapping investor confidence," said one broker. The SET index fell 17.25 points, or 1.26 per cent, to 1,353.28 on 6.2 billion baht turnover, from Friday's 14 billion. Investors were worried about
      Reuter; Source: Bridge Info  -  1,863 words
    • Article, Illustration
      Lock icon JAKARTA
      1142 27 Reuter JAKARTA Share prices closed lower in slow trading after a rise in Barito Pacific, following Prajogo Pangestu's takeover of a Malaysian firm in a US$l billion (551.53 billion) deal, failed to spur a rebound, brokers said. "Prajogo's deal in Malaysia has no financial implication for Barito Pacific. The
      Reuter; Source: Bridge Info  -  1,142 words
    • Article
      CLOB INTERNATIONAL
      2478 28 ASH SOc 27.692,000 Mulpha I nil SOc 11.721.000 Promcl 8.547.000 Lien Hoc rSR>)7 7.751.000 Kcnong Bhd SOc 5 246.000 ldrts H\d 50c 5.115.000 B Ra\a rSR97 4.449.000 Multi-Purpo*: 3 444 000 KiB Cocpn TSK 3 365 000 Lien Hoc 3.260.000 Fatter Group 3.185.000 kamunting 50c 3.122.000 Landmarks Bhd
      2,478 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Market players cash in on CASH
        6222 28 Bernama KUALA LUMPUR Share prices here closed easier as late profit-taking erased earlier gains. At the close, the Emas Index lost 3.03 points to 291.74, and the Composite Index shed 2.58 to 1,035.46, while the Industrial Index dipped 1.30 to 1,643.94. Yesterday's trading was
        Bernama; Source: Bridge Info  -  6,222 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7841 29 MAIN BOARD Tranwc.ion date: June 20 Cr (.r 19*1 l ast Vol Da) Last QwHr Di» Di« Vld Net M Cap High Low Company Sale (000) lli K h Lu» Buyer Seller C~>r S P/fc Mml INDUSTRIAL AND COMMERCIAL I •WO 835 t s Acma 965 xd 10 287 970
        7,841 words
      • Article, Illustration
        Lock icon Index-linked stocks slip on renewed fears over US rates
        1863 30  -  By Paul Leo SINGAPORE Local shares ended lower yesterday while Malaysian shares traded over-the-counter came under profittaking pressure. Blue chips were under selling pressure throughout the day, pushing the Straits Times Industrials Index down 21.73 points to 2,284.50. A dealer said
        Charts by Bridge Info; Source: Bloomberg  -  1,863 words
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      551 19 NEWS VALUE How today's news might affect your stocks World stocks plunge on weak bonds, US$ (pg I) if the past is any guide, regional markets will fall in sympathy. S$ at new High against US$ (pg I) Positive. Strong Singapore dollar an added incentive for foreign investors in local
      551 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      58 20 Happy Hour never be the same Jeremy's the Hear him tinkle the your VI T I Martinez Hear It Lire ballads his unmistakable K J trom Monday And to keep you the house pouring brands are and bottles discount. ask about out SzßSt^SdX Glenfiddich Promotion. u 1 Unit 02-42/47 Liang
      58 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      203 21 Egional offices in Beijing, Tokyo, Hong Kong, Jakarta and de range of services to cater to your banking needs and /tTim DAM If See a Tat Lee Banker today or call for more details. 1 lAI Ltt D/\lMi\ Looking for Tat Lee Bank's Hong Kong branch. It wasn't that difficult
      203 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      211 22 h j n i i i I i i i i i i As Henry's client, you can concentrate i I on what you do best: expanding I your company. And not worry about I I I seating arrangements in your office. I Because flexibility is our forte, I I
      211 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      711 23 Union Bank of Switzerland Balance Sheet as of December 31,1993 Assets* Liabilities 1992 1993 1992 1993 Million Swiss Francs Million Swiss Francs Cash, clearing and postal checking accounts 1.526 1,290 Due to banks 50,438 66,666 Due from banks 32.625 29,488 Due t0 banks on demand 4,402 3,934 Due from banks
      711 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      196 25 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K. LTD
      196 words
    • Advertisement
      Page 25 Advertisements Column 2
      51 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ■gp JUST CALL 737-1166 Make the connection through The Straits Times Classified when you're looking for jrn bargains or looking for customers. Just give us I CJLTJL a call. 1
      51 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      87 26 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. BP Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman
      87 words
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      44 29 HM EilUMU,^f^'f-'yi over 215 million cards honoured 01 over million establishments, puis the wide world in your hands. And it gives you easy ll acc#ss t0 01 380,000 bank brandies and AlMsf^K^fll u ?;'^w 7 WOrlnWlrtfl official card would cup I H It 1
      44 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      105 30 Y fare thesel I people 1 going? J I YOUR 1 HOUSE M Make your garage sale a i S success. Make a call to p place an ad in p The Straits Times Classified. •2 Hurry, your deadline is s:OOpm daily i for the following day's ii publication. 1737-*****
      105 words
    • Advertisement
      Page 30 Advertisements Column 2
      361 30 M THE MATTER OF THE COMPARES ACT, AND M THE MATTER OF Pit J PTE LTD fncoiporlid In Mw n*puMc of ihMMon) NOTICE OF SPECIAL RESOLUTIONS At an extraordinary general meeting of the members of P J PTE LTD duly convened and held at 7500 A Beach Road #07-322 The
      361 words
    • Advertisement
      Page 30 Advertisements Column 3
      458 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 (INCORPORATED IN AMSTERDAM WITH LIMITED LIABILITY) I CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND As at 31 December 1993 (after profit appropriation) LOSS ACCOUNT (in millions of guMers) F° r 1993 Assets 1993 1992 (in milhons of guilders) Cash 730 563 Income 1993 1992 Short-term treasury
      458 words
Page thumbnail Page 31
  • Shipping Times
    • Article, Illustration
      Singapore crew manager sets up Manila office
      419 31  -  By Alec Almazan SINGAPORE Crew manager and ship agent Monsoon Maritime Services has opened an office in Manila. The Manila office. Monsoon Maritime Services Phils, will initially provide crews for 12 ships flying the Norwegian, Panama and Singapore Hags. It expects to employ
      419 words
    • Article, Illustration
      Lock icon Dockworkers' strike seen hurting Le Havre
      261 31 Knight-Ridder LE HAVRE The future of Lc Havre as a major containerport in Europe is in doubt after port administrators told shipping companies here they cannot offer service guarantees because of an ongoing strike by dockworkers, according to a report in The Journal of
      Knight-Ridder  -  261 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      840 31 Page Col Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •AFL 5 3-5 •Appenship X 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 Ball Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      840 words
    • Article
      S'pore firm appoints East Asia Shipping as sub-agent for two CIS lines
      371 31 BANGKOK A Singaporeshipping agent has recently appointed Fast Asia Shipping (Thailand) Ftd as sub-agent for its services to the Commonwealth of Independent States (CIS), ihc Sutton reported yesterday. Multiline Shipping Pte Ltd of Singapore is the general agent
      371 words
    • Article
      Lock icon Kvaerner posts 36pc rise in pre-tax profit in first 4 months
      377 31 Knight-Ridder LONDON Shipbuilding and offshore giant Kvaemer of Norway, has reported a pre-tax profit of £54.5 million (*****.1 million) for the first four months of 1994. up from £40.1 million in the same period last year. All of the
      Knight-Ridder  -  377 words
    • Article
      Lock icon Sweden to go ahead with US$3b bridge over Oresund Strait
      541 31 Reuter STOC KHOLM The longawaited go-ahead from the Stockholm government for a USS3 billion (554.6 billion) bridge and tunnel link between Sweden and Denmark offers a tempting target for construction companies around the world. Some 20 consortia with 50 eompanies
      Reuter  -  541 words
    • Article
      Lock icon Mitsubishi to cut back on ships, focus on new products
      165 31 Reuter TOKYO Mitsubishi Heavy Industries Ltd (MHI) will expand its new products business while trimming its standard ship section, an MHI spokesman said yesterday. He said MHI hopes to move 300 to 400 conventional ship designers to various new product
      Reuter  -  165 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        705 32 Vessrt Voy No Berth Arrival Departure Jurong Port Aihtis Oriofi V9402 112 alongside 2106 2J00 Batam B.uu BJJO 12 alongside 2106 2300 Comity 7 6/6 alongside 2106 500 Dwi Sempurna 13/94 12,3 alongside 21 06.2300 larhu 08,94 13 alongside 2106/2000 lava Beaver B 118 alongside 2106 0300
        705 words
      • Article
        CONTAINER SCHEDULES
        1487 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aci Swan 123A 22/1500 1A 20,1500 20/1659 20/1900 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1/00 Ata Omm 141N 21/1900 1A
        1,487 words
    • Article
      THE SHIPPING GUIDE
      15271 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGO® PN: ship calls at Pcnang after
      15,271 words
    • Article
      SHIPPING AGENTS
      3367 45 A X C ontaincrline N\: Bclsin Shpg Agencies Ptc Ltd (SVMarinc Handling Sdn Bhd (PK/PN). Vccurd Croup: Accord Shpg IV Ltd (SVAccord Contr Line (PK/PN). \dkris Business Corporation Philippine Calsourcc Shpg I'tc Ltd (S) Ahrenkiel Liner Sen ice: Kim Shpg Irdg (S). Xlbatros Sea-Air Sen ice: I-rata Shpg
      3,367 words
    • Article
      COURIER SERVICES
      298 45 Abacus C ouriers Tel: 545-8011 Fax: 545-1898. Air F.xpress lrau-1 Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80 Airswift Worldwide C ourier Tel: 278-0188. Fax: 273-8283. VJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Citv-Link International Tel: 344-3377. Fax: 345-6450. C luster Link
      298 words
    • Article
      AIR FORWARDERS
      1522 45 Abex F.xpress Freight Tel: 542-7171 Fax *****84 Aclinic Forwarder Id: 225-1833 Kax: *****42 Vctivair Singapore Tel: 542-7822. Kax: *****20 Verolink Freight International Td: 545-8033 Kax: *****05 Verospeed Td: 542-5911. Kax: *****18. Air Cargo Novo Kxpress Tel 542-5454. Kax: *****06 Air txpress International Tel: 542-7666. Kax *****74. *****50. Air
      1,522 words
    • Article
      PORT CONDITIONS
      2642 46 ALBANIA Durres: Two vessels operating of whieh I discharging cement. 1 hagged Hour. 2 vessels in roads awaiting berths of which I to discharge wine, I bagged Hour. ARGENTINA Santa Fe: No vessels berthed, none in roads. Diamante: One vessel berthed loading maize, no vessels in roads. 1
      2,642 words
    • Article
      CRUISE & FERRY SCHEDULES
      553 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr IK*p Name of Vessel K I Kl l) Ports of Calls Port Agent telephone No IUNE 21 21 Renaissance 2 0900 2015 Cruise to Nowhere Lines Intl Holdings 224-2763 21 21 Leisure World 1300 2015 Cruise to Nowhere New Century lours 227-8284 Corporation 21
      553 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      664 46 SHIP SALES TANKER RATES AFP HIERE has been a change of direction in the market this week with the majority of sales being reported in the handy tanker sector. This does not signify that the interest for handy/handymax bulkers has receded, rather that there are fewer serious candidates available for
      AFP  -  664 words
    • Article
      COCKETT BUNKER MARKET REPORT
      812 47 I HIS twice weekly report, compiled by Cockctt Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-si/ed stem. Market movements are indicated. The Cockett Bunker Price Index change
      812 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      615 47 Carbon Carbon 16 Density Water Residue Ash AUrmun Sedment Density Water Residue Ash Akmnum Sedment M/M "o M M Exxon Euon KG/M*3 V/V M M M/M PPM method KG/M*3 ".V/V "o M/M M M PPM method ISO/Cm* Limits Spec E25 991 10 15 0 0.10 30*
      615 words
    • Article
      Daily Freights
      1447 47 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1.311 on Friday from 1.315 on June 16. Then; appeared to be some pockets of activity for Panamax tonnage in the Atlantic, but generally rates remained weaker, brokers said. It has been difficult to confirm reports
      1,447 words
    • Article, Illustration
      Lock icon Standardising management styles on board
      1049 48  -  Stephen Thomas explains the International Safety Management Code and its procedures Stephen Thomas Seatrade Review THE FIRST phases of IMO's International Safety Management (ISM) Code should beeome mandatory by June 1998. But the International Maritime Organisation is ••urging governments to implement the Code formally known
      Seatrade Review; Source: Seatrade Review  -  1,049 words
    • Article
      TRANSPORT DIARY
      496 48 COURSES .Title: Customer Technical Service Management Duration: June 30 July 1 Organiser Alberton Management Centre •Tel: For more information ■Contact 336-2611 or fax: 3338-9864. .'Title: Management of Container Operations Duration: July 4-15 (10 days) Organiser Port of Singapore Authority Tel: For more information contact SPI at 321-1707/321-2830 or
      496 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Smaller plane makers making big losses: analysts
        472 50 Reuter AMSTERDAM Blasted by the winds of recession, the world's civil aircraft industry is gritting its teeth hoping for better times. While the big players have the power to stay aloft, the smaller companies that make regional aircraft those with 50 to 80
        Reuter  -  472 words
      • Article
        Lock icon Shanghai to spend US$10b on second Pudong airport
        197 50 AP HONGKONG Shanghai plans to spend US$lO billion (Ssls billion) on a sccond airport at its Pudong development zone, the city's deputy mayor said on Sunday. Shanghai's Hongqiao airport is expected to reach full capacity in 1996 and the city vice-mayor Zhao
        AP  -  197 words
      • Article
        Lock icon Peugeot loses EU court appeal to curb independent car traders
        384 50 Ff LONDON The right of independent traders to sell cutprice new cars to customers across EU borders in competition with franchised dealer networks was upheld by the European Court of Justice last Thursday. The court rejected an appeal by France's
        Ff  -  384 words
      • Article
        Lock icon GM unit Saturn plans to export cars overseas
        412 50 Reuter DFTROI I" Ten years after General Motors Corp formed its Saturn subsidiary to compete with imports, the upstart unit is making plans to take its show on the road and export cars to Japan and Luropc. Saturn president Richard LeFauve said
        Reuter  -  412 words
      • Article, Illustration
        Lock icon Going further with less fuel
        50 50 AFP TAIPEI Major car makers can take a leaf or two from these 'green-conscious' students. They are winners of Taiwan's most petrol-saving car design competition which drew entries from 26 tertiary institutions. Ihe winning model can run 214.1 km on one litre of petrol. AFP
        AFP  -  50 words
      • LOG BOOK
        • Article
          Lock icon Qantas increases services to Indonesia
          84 50 Reuter SYDNEY Australia's Qantas Airways will boost its services to Indonesia from Darwin. Perth and Sydney from October, subject to Australian government approval. "The new schedules give our customers more flights to choose from." said Geoff Dixon, executive general manager for marketing and corporate affairs.
          Reuter  -  84 words
        • Article
          Lock icon Bonn to focus on sea safety
          96 50 Knight-Ridder BEREIN The German Cabinet agreed last week to accept suggestions from its Transport Ministry to improve tanker safety and also said maritime safety will be a top priority when Bonn takes over the European Union presidency on July 1. according to a report
          Knight-Ridder  -  96 words
        • Article
          Lock icon US rail strike ends
          88 50 AP NLW YORK Long Island Rail Road trains were up and running on Sunday after a tentative contraet agreement settled a strike that shut down the US' largest commuter railway for two days. The 2,300-member United Transportation Union walked out shortly after midnight last Friday over
          AP  -  88 words
        • Article
          Lock icon New chairman for Stolt Partner
          42 50 Knight-Ridder NLW YORK The board of Stolt Partner has appointed Christer Olsson as independent chairman. He is now president of Wallenius Lines. He will replace Jacob Stolt-Nielsen Jr who will continue to serve as board member. Knight-Ridder
          Knight-Ridder  -  42 words
        • Article
          Lock icon M-East tanker rates up
          123 50 AFP LONDON Prices "at last" improved slightly for business out of the Middle Last after a long period of rising activity but static rates. London brokers L A Gibson said last Friday in their weekly review. There were 21 very and ultra large crude carriers (VLCC
          AFP  -  123 words
      • Article
        Lock icon US House votes to abolish interstate transport agency
        259 50 Knight-Ridder WASHING I ON US senators have voted to abolish the Interstate Commerce Commission. one of the rare instances in recent years in which lawmakers have decided to eliminate an entire federal agency. In a 234-192 roll call, lawmakers voted last Thursday
        Knight-Ridder  -  259 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1405 50 City FlWrt ETA fight ETD Abu Dhabi GA893 1835 GA984 2340 GA974 2350 Adelaide QF81 1925 QF82 2055 SQ228 2120 Amsterdam KL831 0935 KL84J 0035 GA893 1835 KL838 2300 GA974 2350 SQ26 2355 Athens SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain
        1,405 words
      • Article
        Lock icon BA to scrap Manchester-LA flights due to poor revenues
        342 50 Bloomberg Business News PARIS British Airways said it will quit operating flights between Manchester, England and Los Angeles because the route has not attracted enough business travellers. BA had been the only airline serving that market directly; passengers* will have to
        Bloomberg Business News  -  342 words
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      0 31 <|_\&;*?*}`;&$|}}-@|}@&&\"[;.*[
      0 words
    • Advertisement
      Page 31 Advertisements Column 2
      27 31 Lines and services represented by Members ol the Registry of Accredited s ®o=jj Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
      27 words
    • Advertisement
      Page 31 Advertisements Column 3
      81 31 £±/VW9J M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 Standardising management styles on board, Pg 18 Smaller plane makers making big losses: analysts, Back Pg yourself with knowledge practical tips by attending the following SFFA courses: [Pf Standard Trading Conditions Sea Transport International Freight Forwarding I 55
      81 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      402 32 TSKUNE AGENCIES (S) PTE. LTD. r I 1 W Tel: 226-3363 J. UL\Hf Fax: 226-1972/3 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I EXTORTS TO HONGKONG. MANILA. TAIWAN t JAPAN "TWICE WEEKLY" I wmm wi m phi *t [wi m m mm wo m~~ N. CYPTOt OjC
      402 words
    • Advertisement
      Page 32 Advertisements Column 2
      1397 32 iggg to u T c ?.T ,fjwmm, ij? —1...-1 —7^l NIPTUNI CYPWNI *091 22 236 9 7 117 13/ 14 7 127 12 7 13 7 13 7 1( 7 L__ H&CALIFORMA SATURN V 66 29 30 6 1« 7 IS 7 20 7 21 7 19 7 19 7
      1,397 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      2382 33 mmm OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES ic??!^ S V!v^c, A I TEL *****13 FAX *****42 PETALING JAYA TEL. 03-*****76 FAX 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) T faoS£»/Vca* 1 CFS TEL *****6 BOOKINGS TEL *****80 *****81/ *****82 'POH TEL: *****3/4.FAX: *****6 CUSTOMER SVC TEL *****92/*****91/*****93 KMHM ra 07
      2,382 words
    • Advertisement
      Page 33 Advertisements Column 2
      2420 33 ■Uli'ifiHiHllWH EUROPE/C.1.5./SCANDINAVIA 3 TIMES A WEEK MARSTAL MS V.9406 ETA SIN 23RD JUNE 94 SINGAPORE BAY V.5357 ETA SIN 25TH JUNE 94 KOWLOON BAY V.5367 ETA SIN 27TH JUNE 94 I Vesse* Vcy ETA ETD Feedeted toy S Ix 7 DESTINATIONS this MAPIE maersk /9406 Itl.w«Tw 06 0600 >«RS ■■■■■■■■■■■■■■■■■■■■iMMIIBHIIHMMMMMI
      2,420 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      852 34 AQABA R DAM' IE ALSO ACCEPTING FROM VESSEL Vpv NO SPORE JEDOAH (VIA JED) S TON H BURG A WFRP HAVRE -S* 08/ 124 _22J_ 6 9£7 !£iZ Port Kelang. Penang ESSEN EXPRESS 06/324 25/6 4/7 11/7 13/7 16/7 18/7 20/7 Pasir Gudang LA SEINE 36/ 125 29/6 16/7 19/
      852 words
    • Advertisement
      Page 34 Advertisements Column 2
      749 34 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: V stochny. Vladivostok. Moscow, I Baku. Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Europa V.2204 28/6 26/7 Ned Hongkong
      749 words
    • Advertisement
      Page 34 Advertisements Column 3
      1169 34 I NORASIA NORASIA AL MANSOORAH 9424-3 22/06 14/07 15/07 16/07 17/07 18/07 19/07 20/07 21/07 21/07 I NORASIA PRINCESS 9425-3 30/06 21/07 22/07 23/07 24/07 25/07 26/07 27/07 28/07 28/07 I NORASIA SUN 9426-3 06/07 28/07 29/07 30/07 01/08 02/08 03/08 04/08 05/08 05/08 I NORASIA PEARL 9427-3 13/07 05/08
      1,169 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      1414 35 M STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line < A SERVICE OF CHINA NAVIGATION CO) CARGO 0« SAILS ASIAN VENIURt Vo3€ Lib. KK. Skan, Taw 21 Km In Port 23 kin f cl. LCL CONTAINER ANO
      1,414 words
    • Advertisement
      Page 35 Advertisements Column 2
      3457 35 SINGAPORE AGENT: ¥3Xt/i ItlAt*C p&0 containers (Singapore Agencies) Pte Ltd V t CJL\. W VjlVllLdlllvX 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Te( 225 2233 Te)ex RS ***** pNOCSp Fax 225 5327/222 7517 y CR Number: **********0Z EXPORT IMPORT VESSEL wov *PNG 'PKG sin sou ant not
      3,457 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Page 36 Advertisements Column 1
      603 36 ifA EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HO CHI MWH CITY PAGER IHANOPHONE/OWECT ~1 HENRY H96 mitM/iMIMA KELVIN CHAW 21KX25 53M722,i1i22M MAWOJ 2H0625 I MM722 TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE Wamrpomr B CENTER-POINT V 7 LINES «gl Wl ET> STOW DOT ETA HCMC HMI
      603 words
    • Advertisement
      Page 36 Advertisements Column 2
      2105 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FDR VS. SM \m HAUL SEA YW PCX FIX V& SM ILN HAUL M M MTC HANAN VANCOUVER 017E 24 6 DIRECT 15/7 16/7 HANJIN VANQOUVEJt 017E 24 6 H PORTLAND 006E 2S/7 29/1 31/7 HANAN
      2,105 words
    • Advertisement
      Page 36 Advertisements Column 3
      1555 36 Afcfl -iU d I d -T3"EH"IK H I I H I l I. (SG UG 1,0 LU 06 Bu N c lm ,N wIKmCM N1 S6P ll (GOKMOtO Iti 22 t 2t t 2M 30 6 3 7 4/7 5 7 8/7 7/7 !7 19 7 II 3 1 4
      1,555 words
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Page 37 Advertisements Column 1
      2361 37 I II sex: 'NEPTUNE CYPRINE 09E' eta sgp 22/06/94 II II II ARRIVING LOS ANGELES 09/07/94 IN 16 DAYS HI ll II AEX:'NEPTUNE PEARL 15E'ETA SGP 22/06/94 II 11 II ARRIVING NEW YORK 16/07/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST
      2,361 words
    • Advertisement
      Page 37 Advertisements Column 2
      1217 37 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) hk&H 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:
      1,217 words
Page thumbnail Page 38
  • Page 38 Advertisements
    • Advertisement
      Page 38 Advertisements Column 1
      1681 38 K44 99 AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0M/GST REG NO M 2 *****99-6) U TEL: *****77 TELEX: KAWAKI R*****5 FAX-*****16/7/8/9 iy MALAYSIA: 'K" LINE MARITIME (MALAYSIA) SDN BHD I I TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUTINTERNUSA, TEL:
      1,681 words
    • Advertisement
      Page 38 Advertisements Column 2
      1222 38 @APPENSHIP /t£\ HAMBURG VIV/ CONVENTIONAL INDEPENDENT LINER SERVICE V EUROPE TO SOUTH EAST ASIA AND FAR EAST VCSSCLS LOADING PORTS DISCHARGE LOADING FOR ECUADOR HAM 22/05 SPORE 26/06 BASMA ANTW 28/05 SPORE 26/06 KOALA CONTAINER LINE SPORE FLX HAM RTM LEH CS TAHITI 4608 24/06 20/07 21/07 22/07 24/07 CS
      1,222 words
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Page 39 Advertisements Column 1
      952 39 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 »-I £*****55 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I I mm iV cr no **********0E I VESSEL VOY SIN CMB JIB JEO AQJ AOE HOO PZU ASA KOTA INOAH IDHOO9 30/6 6/7 14/7 17/7 18/7 14/7 19/7 22/7 KOTA BERANI BRNOOS 10/7
      952 words
    • Advertisement
      Page 39 Advertisements Column 2
      956 39 VtSStIS VOT SIN It H»m HAMBUBG THAWS ROMtWMM AHTWtRP VILLI K lITMU 104* 23/04 14/07 16/07 17/07 11/07 20/07 VILLI DC TUCANA UO4W 29/0« 20/07 22/07 23/07 24/07 2t/07 VMt Pt LIBRA LO4W 05/07 27/07 23/07 30/07 31/07 02 0« VII It 0€ CARINA CO4W 03 08 05/01 (K/0« 07/08
      956 words
    • Advertisement
      Page 39 Advertisements Column 3
      548 39 BSA ik 'mm. MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf MERGUI VI23W S«l«d PAGAN V2O9W Sailed AVA 128* PAGAN V2IOW 26/28 lun MALAYSIA AGENTS BOUSTEAD SUPPING AGENCIES KU. TEL 03 *****00 PKL TEL 03 36*6767 PEN 111 04-*****5 PGD TEL 07 *****1/4
      548 words
Page thumbnail Page 40
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Page 41 Advertisements Column 1
      41 41 W ASIAPAC \r "At your service, anywhere and anytime" VINCENT INTIRTRANS LINKING THE WORLD TOGETHER HONG KONG CHINA KOREA MALAYSIA V JAPAN THAILAND PHILIPPINES EUROPE SINGAPORE J CANADA INDONESIA 7 AUSTRALIA J MEXICO NEW ZEALAND ARGENTINA ASIAPAC FREIGHT EXPRESS PTE LTD
      41 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Page 42 Advertisements Column 1
      1029 42 }''|?{"[*.*`'%/"~\&>(/~"?".`)?~ ft /■nCROATIA LINE^\ EX JUGOUNIJA) I VESSEL SPORE PK WIG LOOWW6 FOR RAB 2 JUL 4 JUL Alexandria. Beirut. Istanbul. Trieste. Koper, Lattakia. Limassol. Mersin. P Said. Riieka. Venice GRO6NIK 10 JUL 13 JUL do General Agents: EAST MOUNT AGENCY (PTE) LTD S»*jpore Kuala Lumpur Port KHanf Penan Jel:
      1,029 words
    • Advertisement
      Page 42 Advertisements Column 2
      182 42 /Ciniorbul£\ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES OAOHG FO« I WORLD AGAMEMNON 27/6 29/6 ROM/ANT/UK I SEA SONNET 2/7 4/7 FLU/ROAM/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 28/6 30/6 D6N/CPT/EL I ALSO LOADS TAWAU, KK, TG. MANI I PK SWK/SABAH
      182 words
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Page 43 Advertisements Column 1
      724 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 S HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 26/6 ROTTERDAM 25/6 AARHUS/COPENHAGEN 26/6 HAMBURG/BREMEN 26/6 MARSEILLE/FRANCE 28/6 FELIXSTOWE/UK 27/6 BARCELONA/SPAIN 27/6 LEHAVRE/FRANCE 22/6 GENOA/ITALY 27/6 ANTWERP/BELGIUM 27/6 LOS ANGELES/WC/IPI 26/6 SYDNEY/MELBOURNE 24/6 NEW YORK/EC 26/6 FREMANTLE/AOELAIDE 24/6 VANCOOVER 24/6
      724 words
    • Advertisement
      Page 43 Advertisements Column 2
      758 43 1 S W T 1 VESSEL VOY 1 SIN PEN M. 'i I VESSEL VOV SIN SEM 1: I [^H V|B?§L VOY SN SKL ~-l Jl~, J H VESSEL I VOY I »N KTN ■I gHAIYA 614N SH ?S/j Mon 27/6 >■ S RA BHUM SOS 24/6 Sun 2jj II
      758 words
    • Advertisement
      Page 43 Advertisements Column 3
      306 43 SI RICHFIELD MARINE AGENCIES (S) PTE LTD W TEL: *****33 (12 Lineo) S FAX: *****15/*****03 i ED TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E |®i ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) I ACCEPTING FCL AND CONVENTIONAL Vhml Vey ETA Loading For Sport Abbay Wonz 40WB 12 08
      306 words
    • Advertisement
      Page 43 Advertisements Column 4
      565 43 Guarantied Silling* to:- '1 BANGKOK/LAEM CHABANG/LAOS EVERY WEO I SAT j. MANIA/CEBU EVERY TUES PORT KELANG/PENANG EVERY MOM I FRI HO CHI MtNH EVERY FRI l HONG KONG EVERY FRI y JAKARTA EVERY SAT BUSAN EVERY SUN y SURABAYA EVERY SUN pl DONGNAMA LINE: CONTAINEWSgD SERVICE kssu pk a* pnc
      565 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      1890 44 fILAfIMN CONTAINER LINES, INC ~K-/V*~H A o ent#: MAC-NELS SPORE: *****22 (24 LINES) v> c/R No: **********0E SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN
      1,890 words
    • Advertisement
      Page 44 Advertisements Column 2
      202 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD HA (I* ll* SPOM POltr HUNG PtNANG BtUI IMX 6 lojdiiy fu( M.fiftUVftl HUWHJ 30 f> loading tof Dubdi DOLPHIN If* FOOT lo.iliry foi MilPtONUR SUWIML ?J t> L<m4n| Foi M.iir UMMiOH ft f> loading For Vnr PROGMSS net»l r 20 6
      202 words
    • Advertisement
      Page 44 Advertisements Column 3
      1177 44 THONG SOON LINES PTE LTD 1 I 78 SHENTON WAY #10-01. SINGAPORE 0207 I I W \y TEL: 227-5088 FAX: 227-6011 I I HZ*. TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL VOY SPORE PEST EQUATOR 111 126/4E 23 JUN KUCHING
      1,177 words
Page thumbnail Page 45
Page thumbnail Page 46
  • Page 46 Advertisements
    • Advertisement
      Page 46 Advertisements Column 1
      71 46 The Aspiring seeks for opportunities in the right media and the right company. Classified the people finder. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIANHE ZAOBAO LIANHE WANBAO SHINMIN DAILY NEWS BERITA MARIAN BE RITA MINGGU Make YOUR Employee Search FRUITFUL Advertise In Tiki Stniitsllllies APPOWTMENTS
      71 words
Page thumbnail Page 47
  • Page 47 Advertisements
    • Advertisement
      Page 47 Advertisements Column 1
      48 47 frsglllg PORT SHOTS u The latest in sea, air and land transportation IShipping Times Monday to Friday. SINGAPORE fW™! Business Times WE KNOW AM JUST DESERTS Q C?' Legal discourses in digestible portions. OZ3 J aw a 9 e V Every Thursday. SINGAPORE Business Times WE KNOW ASIA
      48 words
Page thumbnail Page 48
  • Page 48 Advertisements
    • Advertisement
      Page 48 Advertisements Column 1
      613 48 HBDipi NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I MANILA VIGOUR PACIFIC *****N 24/06 (FRI) 29/06 (WED) LANKA MAHAPOLA *****N 28/06 (TUE) 02/07 (SAT) T SiS I SPnSS PERVOMAYSK *****N 01/07 (FRI) 06/07 (WED) FRto y AND TUtSO Y VIGOUR PACIFIC *****N 05/07 (TUE) 09/07 (SAT) SOUTH PHILIPPINES FULL
      613 words
  • Page 48 Miscellaneous
    • Miscellaneous
      Page 48 Miscellaneous Column 1
      681 48 TODAY'S TIDES (hdjht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 1.6 1 1 0.1 0.6 0.6 0.7 1.1 1.6 2.0 2.3 2.3 2.2 1.9 1.5 1.2 1.0 1.0 U 1.6
      681 words
Page thumbnail Page 49
  • Page 49 Advertisements
    • Advertisement
      Page 49 Advertisements Column 1
      1021 49 HYUNDAI I MERCHANT MARINE CO. ITP. WESTBOUND TO EUROPE BKG: *****61 PNA' PKE* PGD° VESSELS VOY SIN RTM~T MKT* LEH* HAM BREj FEL 22/06 24/06 25/06 H. FRONTIER 311W 27/06 15/07 17/07 18/07 17/07 17/07 19/07 29/06 01/07 02/07 SI FREEDOM 311W 04/07 23/07 25/07 26/07 25/07 25/07 27/07 06/07
      1,021 words
    • Advertisement
      Page 49 Advertisements Column 2
      476 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VISSCL «OY SP M HUC M OSIHCf SKT V2O 2C/C 25 S •SUN STIR VIS* 22 S 24/1 BUST VI 22/1 lIRR 25 OUTBOUND VESSELS LOADING FOR TOKYO SEHBOKO TANJONG KM AS V 33 SP 3/7 PK 7/7 LOADING
      476 words
    • Advertisement
      Page 49 Advertisements Column 3
      1081 49 VtSSEL VOY SIN ETA/D LAX OAK CHI DAL MEM/COL IHOU I NYC I NOR ALLIGATOR TRIUMPH SSA 23/06 10/07 12/07 13/07 14/07 14/07 15/07 15/07 16/07 GEORGE WASHINGTON BRIOGf 79A 30/06 17/07 19/07 22/07 22/07 23/07 "22/07 24/07 24/07 ALLIGATOR PRIDE 52A 07/07 24/07 26/07 27/07 l«/ 07 18/07 29/07
      1,081 words
Page thumbnail Page 50