The Business Times, 23 June 1994

Total Pages: 48
1 48 The Business Times
  • 12 1 BUSINESS TIMES WE KNOW ASIA MITA(P) 010/12/93 Thursday June 23 1994 75"
    12 words
  • 2am LATEST
    • 40 1 AP NEW YORK Stocks bobbed up from depressed levels early yesterday, boosted by a rebounding dollar and a better bond market. The Dow Jones industrial average was up 22.19 points at 3,730.16 at 2pm EDT. AP
      AP  -  40 words
    • 52 1 AFP UNITED NATIONS The UN Security Council yesterday authorised a French-led multinational military operation to intervene in Rwanda to protect civilians against massacres. The Security Council authorised the force to use all means necessary to assure the protection of di c olaced persons, refugees and civilians in
      AFP  -  52 words
  • 162 1 Stock market indices Wednesday Change STII 2,255.3 -6.57 KLSEComp 1,015.43 +3.97 Nikkei 20,581.32 -231.84 Hang Seng 8.876.84 +19.06 SET Index 1,311.81 -17.51 Jakarta Comp 473.13 -2.1 1 CLSA China B ....1,058.52 +0.07 Aust All Ord 2.010.9 +17.3 FTSE 100 2,960.4 +20.2 Wednesday Previous 2 pm close Dow Jones
    162 words
  • 806 1  -  Company's largest-ever order bucks trend of cutbacks by world's major carriers By Rahita Elias SINGAPORE Even as major carriers worldwide are cutting aircraft orders and capacity. Singapore Airlines yesterday announced its largest ever order of 52 planes worth USSIO.3 billion (5515.76 billion). The order,
    806 words
  • 430 1 Bloomberg Business News AFP WASHINGTON Treasury Secretary Lloyd Bentsen yesterday said the United States was prepared to support the ailing dollar though he provided no intervention plans. Mr Bentsen also said the government was in contact with the Group of Seven
    Bloomberg Business News; AFP  -  430 words
  • 519 1 NYT TOKYO Fujitsu Ltd, struggling to escape its conservative corporate harness and compete more nimbly in high technology, is asking its best and brightest to quit and set up their own companies. If they do, Fujitsu will provide
    NYT  -  519 words
  • 192 1 SINGAPORE Fear of another rise in US interest rates took its toll on regional stock markets yesterday, though rumours of an early election in Malaysia helped stabilise prices here and in Kuala Lumpur. In Singapore, the Straits Times Industrials Index closed 6.57 points
    192 words
  • 593 1  -  From Ho Kay Tat in KUALA LUMPUR CORPORATE DEALS that need approval from the Seeurities Commission (SC) may soon have to be submitted within a fixed deadline from the time the deals are announeed by companies or their merchant
    593 words
  • Page 1 Advertisements
    • 102 1 i'Burberrys' I HEGD B > J J Reigns when it pours J KXXX*X;><H*XX:»<'*>'XXXXXXX><.MXX*XXXX CONTENTS News Companies S'pore News 2 S'pwe-M'sia .17.18.19 Regional News 3.4.6 Financial 21,22 World News 7.8 Features Markets Analysis 15 Clob/KLSE. SES 2fr2B Editorial 14 Regional 24 Sports 9 World TV/litestyle 11 Currencies 22 Law 13 Simex,
      102 words
    • 14 1 Innovation: Pk 12 Global communication for all Ong Beng Seng gets Brash Page 17
      14 words
    • 18 1 Hock Lock Siew: rg 17 Give the small investor a break US economic growth rate slowing, Pg 16
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    • 22 1 S'pore Shipbuilding and Engineering: Surplus funds swell to $340 m. Page 17 New yard at Tuas is humming. Shipping Times. Page 18
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    • 116 1 The Bottom Line: r* 16 Oh! Australia L Regional market reports, Pgs 24-28 0 BRUNO MAGU iJM RV SOLE AGENT: Marlex Marketing Pte Lto Tel: 734 9494 Fax: 737 4492 Boutiques: Centrepoint #01-30 Tel: 737 4509 Paragon By Sogo #01-19 Tel: 734 9935 Open Daily from 10.00 am to B.oopm
      116 words
    • 8 1 jCERRCTI raW n e t t e s
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 325 2  -  By Corinne Kerk WITH the onset of the Goods and Services Tax, eating out became even less popular in April, it seems. In volume terms, business at eating places grew only 2.1 per cent in April compared to a year ago. This growth compares with
        Source: Dept of Statistics  -  325 words
    • 298 2  -  By Chuang Peck Ming SINGAPORE is u small country. but it has a big appetite for American goods and services. Ralph Boyce, the US embassy's charge d'affaires, said in a recent interview that he wanted US companies especially small and medium enterprises to
      298 words
    • 664 2  -  By A J Leow HO I I I Properties Ltd (HIM.) may ask record prices for its upcoming residential project in Nassim Road, industry sources say. Talk in the market is that the asking price for the proposed units on the
      664 words
    • 479 2  -  Users can receive pages and screen incoming numbers with new product By Juliette Walker PAGING all mobile phone users. Singapore Telecom is marketing a new product that integrates a pager into its Call/one phone for outgoing calls and it's hot. The month-old Call/one
      479 words
    • 171 2 THE Singapore International Chamber of Commerce will lead a trade mission to Laos and Cambodia from July 12 to 17 to explore trade and investment opportunities there. The delegation of more than 20 people will strengthen existing ties and seek new business.
      171 words
  • Page 2 Advertisements
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  • SOUTH-EAST ASIA
    • 282 3 Bernama KUALA LUMPUR The Cabinet yesterday gave the green light for the resumption of work on high-rise apartments on hillsides and former mining land under stricter conditions. Deputy Prime Minister Anwar Ibrahim said, however, that in principle new applications for
      Bernama  -  282 words
    • 50 3 Reuter BANGKOK Entertainment industry employees staging a rally here yesterday in support of the Interior Minister's proposal to have all places of entertainment, including massage parlours, bars, nightclubs, discotheques and restaurants, open until 3am. The proposal is awaiting approval from the authorities concerned. Reuter
      Reuter  -  50 words
    • NOTE BOOK
      • 83 3 AFP WASHINGTON Asian countries should rely on themselves for their security instead of looking to a superpower such as the United States, Malaysia's Defence Minister said on Tuesday. "We are the best guarantor of our own regional defence," said Najib Tun Razak. His strongly
        AFP  -  83 words
      • 92 3 AFP PHNOM PENH Finance Minister Sam Rainsy will join Foreign Minister Prince Norodom Sirivudh in threatening to resign if the government goes ahead with a motion to outlaw Cambodia's radical Khmer Rouge, a Finance Ministry official said yesterday. The ministers were reported to be against the move
        AFP  -  92 words
      • 84 3 Reuter MANILA President Fidel Ramos said yesterday that Indonesian President Suharto has accepted an invitation to visit the Philippines, despite strained ties after Manila hosted a meeting on Jakarta-ruled East Timor. "Plans arc being firmed up for the return visit of President Suharto, who accepted the
        Reuter  -  84 words
    • 247 3 Reuter KUALA LUMPUR A Malaysian electrical equipment supplier said yesterday it had suspended a proposed joint venture with Britain's RollsRoyce so it could qualify for contracts in Malaysia's privatised power industry. EPE Power Corp Bhd's managing director Jamaludin Jarjis said the agreement with
      Reuter  -  247 words
    • 393 3 Reuter AFP JAKARTA About 75 journalists and students marched noisily on Indonesia's Information Ministry yesterday to demand that the government lift its ban on three weekly magazines, arguing it was illegal and violated the Constitution. Protesters chanted slogans and waved
      Reuter; AFP  -  393 words
    • 380 3  -  By Harish Mehta SINGAPORE Small Vietnamese firms have developed sophisticated manufacturing techniques that enable them to produce fake Coca-Cola and cigarettes such as More, 555. Dunhill and Marlboro. Vietnamese sources told Business Times that a Hanoi firm called Anh
      380 words
  • Page 3 Advertisements

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 52 4 AFP CHINA-BORN Australian businessman James Peng with his wife Lina and their children in Hongkong in this 1993 photo. Mr Peng remains detained without charges in China after eight months, the latest in a string of overseas Chinese entrepreneurs to be held amid business
        AFP  -  52 words
      • 63 4 AFP TAIPEI Taiwan's government debt is likely to swell to a record NTS 170 billion (559.6 billion) in the financial year to June 1997, officials said yesterday. According to preliminary estimates based on bond repayments compiled by the Finance Ministry, the figure represented a
        AFP  -  63 words
      • 83 4 AFP TOKYO The Japanese government admitted yesterday to filing a report soon after World War II on Chinese labourers forced to work in Japan during the war, Jiji Press reported. It was the government's first ever admission of the existence of the report, according to
        AFP  -  83 words
      • 56 4 AFP TAIPEI Taiwan is to ease a freeze on imports of foreign labour in a bid to help local enterprises investing in selective industries, the Council of Labour AfTairs said yesterday. The CLA has reached consensus with the Economic Ministry to allow certain
        AFP  -  56 words
    • 583 4 Reuter HONGKONG China is ready to compromise in a row over Hongkong's huge new airport project, and has even indicated willingness to forgive a pro-democracy activist in the colony who was once denounced as subversive. Lu Ping, China's top official responsible
      Reuter  -  583 words
    • 191 4 AFP HONGKONG China plans to invest one trillion yuan (S$ 175 billion) in the next seven years to turn Shanghai and the Yangtze river region into a major economic centre. The Hongkong-based China News Service yesterday said the central government's plan
      AFP  -  191 words
    • 409 4 Reuter HONGKONG A Beijing official based in Hongkong has accused "counterfeit Chinese firms" of unauthorised property speculation in the British colony. Mainland enterprises have become major players on the Hongkong property and stock markets in recent years. Some are well known but
      Reuter  -  409 words
    • 270 4 UPI BEIJING Sino-Russian border trade, dogged by inefficient bureaucracy and mutual mistrust, is up for the first time in two years, the official media said yesterday. "The number of people travelling between the two countries has grown with each passing
      UPI  -  270 words
    • 236 4 AFP BEIJING Severe floods in southern China have cut off the provincial capital of Fujian, as neighbouring Guangdong braces for exceptional sea tides that could wreak havoc in the booming Pearl River Delta, reports said yesterday. At least 500 people have
      AFP  -  236 words
    • 44 4 Reuter BEIJING A Chinese man pushing his van out of the way during preparations yesterday for the opening of the 1994 International Automobile Industry Exhibition here today. In the background are Chinese-assembled Daihatsu sedans parked on a transporter. Reuter
      Reuter  -  44 words
    • 386 4 UPI HONGKONG Thousands of protesters from Hongkong's villages marched on the colony's legislature yesterday in a show of solidarity against a proposal to extend land inheritance rights to women. The emotionally charged issue has sharply defined women's issues in the colony as a
      UPI  -  386 words
  • Page 4 Advertisements
    • 225 4 HOME COOKED MEALo Tired of greasy, oily food after n a long day at the office? Try a mug of Sustacal Chicken, the nutritionally complete food drink. This means that although it's a drink, Sustacal Chicken contains all the essential nutrients of a complete and balanced meal. And although you
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    • 26 4 fn.ll Knight Frank II investment Cheong Hock Chvc Baillieu J J SALES TENDER 16 Raffles Quay, W2V-01 llnnc RuiUlin^, Sim'.miiri- IllitJ IT.,*- ->->! X J J I
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  • REST OF ASIA
    • ASIA NOTES
      • 75 6 AFP TOKYO A solid-fuel motor to power the first stage of a new Japanese rocket has been successfully tested, officials said yesterday. The Education Ministry reported that the M-14 motor, designed to power the future M-5 rocket, performed as scheduled on Tuesday in an 80-second
        AFP  -  75 words
      • 104 6 Reuter TOKYO Japan and the US could reach an agreement on government procurement under their bilateral framework talks ahead of the Group of Seven summit in July, a senior Foreign Ministry official told reporters. Asked about the possibility of Japan and the US reaching
        Reuter  -  104 words
      • 87 6 Bloomberg Business News TOKYO The Japanese government, responding to complaints from small and medium-sized retailers, has scrapped plans to reduce the number of regulations governing large-scale retail outlets, Nikkei English News reported. The decision came after a meeting between Management and Coordination Agency director general Koshiro
        Bloomberg Business News  -  87 words
      • 108 6 AFP TOKYO Few Japanese officials expect to see the effective power they wield diminish in the next decade though many believe politicians should play a greater role, according to a government survey released yesterday. The National Personnel Authority of the Prime Minister's office asked
        AFP  -  108 words
    • 345 6 Bloomberg Business News CANBERRA Senior Australian government minister Gareth Evans says the goal of keeping inflation low will continue to determine the government's monetary policy. Asked during parliamentary debate yesterday whether the recent surge in bond rates undermined the government's
      Bloomberg Business News  -  345 words
    • 475 6 AFP TOKYO Japan yesterday shuddered after the dollar sank below the important psychological barrier of 100 yen for the first time in post-war history, threatening to derail the fragile economic recovery now taking shape. "Fears of industrial hollowing out", screamed the
      AFP  -  475 words
    • Article, Illustration
      42 6 Reuter PARIS Japanese fashion designer Kenzo posing on Tuesday in front of the Pont Neuf, which has been covered with flowers. Kenzo organised the covering with more than 70,000 pots of flowers to celebrate the first day of summer. Reuter
      Reuter  -  42 words
    • 241 6 AFP WELLINGTON Radical economic reforms in the 1980s have led to New Zealand having the highest rate of youth suicide in the industrial world. Commissioner for Children lan Hassell said yesterday. A United Nations Children's Fund (Unicef) report released yesterday
      AFP  -  241 words
    • 285 6 Reuter COLOMBO Sri Lanka's Parliament is likely to be dissolved later this month and an early election called for August. United National Party (UNP) sources yesterday said: "There are plans to dissolve Parliament later this month." Parliamentary polls are due
      Reuter  -  285 words
    • 475 6 Reuter NEW DELHI India's fragmented Janata Dal party has suffered its second big split since the 1991 elections, with nearly a third of its deputies in Parliament's Lok Sabha (Lower House) breaking off to form a separate group. In a statement late on
      Reuter  -  475 words
    • 297 6 Reuter SYDNEY The United States must maintain a balanced policy in Asia, recognising its cultural differences, as the region becomes more confident and assertive, Australian Finance Minister Kim Beazley said yesterday. "Today the United States is dealing with prospering, more confident
      Reuter  -  297 words
  • Page 6 Advertisements
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    • 80 6 The yen's 45-year journey to equal one cent, Pg 14 High grade leather specially tanned to resist salt water Outsole and midsole stitched WHM| upper for Non-slip tread design on outsole Moulded midsole for comfort and Am '< Jj ft, Petite Finesse #02-38 Centrepoint Tel. 734 9658 Lacoste Centrepoint Forum
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  • THE WORLD
    • 438 7 WASHINGTON The Clinton Administration may accept a short-term extension of the Generalised System of Preferences (GSP) programme of preferential tariffs for developing countries, according to a report by the United States Information Agency (USIA). The USIA report quoted Deputy US Trade Representative
      438 words
    • 353 7 Reuter LONDON British Finance Minister Kenneth Clarke and Bank of England (BOE) Governor Eddie George agreed there was no need to raise or lower interest rates at their monetary meeting in May, minutes published on Wednesday showed. British financial markets breathed a
      Reuter  -  353 words
    • 554 7 AP CAPE TOWN Nelson Mandela's government unveiled its first state budget yesterday, imposing a one-time 5 per cent levy on prosperous whites to pay for the changeover to black-majority rule. But in keeping with Mr Mandela's promise not to
      AP  -  554 words
    • WORLD WATCH
      • 111 7 Reuter WASHINGTON The Senate called a temporary truce in its battle over Whitewater on Tuesday as it rejected a new Republican call for broad hearings into the affair involving President Ginton. Instead, in its 11th party-line vote on the issue in less than two
        Reuter  -  111 words
      • 58 7 Reuter PARIS Members of the ecology action group Greenpeace staging a demonstration at the Satory International Armament trade fair near Paris on Tuesday. The demonstrators, protesting essentially against the sale of landmines, used bloodied tailors dummies which they placed around the fence of the trade fair
        Reuter  -  58 words
      • 108 7 UPI WASHINGTON The US government spent US$32 billion (5548.9 billion) more than it collected in May, widening the budget deficit to U*****.3 billion, the treasury department said on Tuesday. With eight months of fiscal 1994 gone and four remaining, the deficit is US$7O billion
        UPI  -  108 words
      • 121 7 Los Angeles Times LOS ANGELES Police arrested seven boys on Tuesday for allegedly spray-painting 22.4 km of a freeway in Long Beach, a massive "tagging" spree that resulted in more than US$lOO,OOO (S$ 153,000) in damage and is regarded as the worst concentrated graffiti
        Los Angeles Times  -  121 words
    • 433 8 NORTH FALMOUTH, Massachusetts The world economy is in fine shape, with even the outlook for Russia encouraging, future International Monetary Fund deputy managing director Stanley Fischer said. "It is in great shape," Mr Fischer, who joins the IMF on
      433 words
    • 116 8 Reuter BRUSSELS Russian President Boris Yeltsin has accepted US President Bill Clinton's invitation to a summit in the United States in September. Official word of Mr Yeltsin's acceptance came yesterday from Russian Foreign Minister Andrei Kozyrev and US Secretary of State
      Reuter  -  116 words
    • Article, Illustration
      63 8 Reuter HARTEBEESPOORT, South Africa Some people will do anything for a record. Risking being eaten alive, game ranger Mike Oosterlaak stayed his ground on I uesday when one of his four feline companions looked him over. Mr Oosterlaak, having spent 27 days in the lion enclosure, has
      Reuter  -  63 words
    • 437 8 FDA head says Brown Williamson makes double-strength nicotine smokes Reuter WASHINGTON The head of the Food and Drug Administration (FDA) testified on Tuesday that some cigarette brands include high-nicotine tobacco grown secretly in Brazil, a disclosure likely to increase pressure for federal regulation of tobacco. FDA Commissioner David Kessler told
      Reuter  -  437 words
    • 427 8 Free market best way to eliminate inflation, says minister Bloomberg Business News BRASILIA. Brazil Economy Minister Ruben Ricupero has urged people to back the government's anti-inflation plan and said he would not freeze food prices despite a sharp rise in
      Bloomberg Business News  -  427 words
    • 485 8 AP AFP WASHINGTON President Clinton on Tuesday said he would ask Congress this summer to ratify the global trade agreements reached among more than 100 governments after seven years of negotiations. Some members of Congress say they are afraid the
      AP; AFP  -  485 words
    • 409 8 Bloomberg Business News WASHINGTON The Federal Communications Commission is expected to reserve some licences for small businesses that want to enter the newest segment of the mobile communications industry, broadband personal communications services or PCS. The FCC is scheduled next week to set
      Bloomberg Business News  -  409 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 321 8 TIT THE UNIVERSITY OF HULL England 1927 mm "OYER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" Bgfl "ONE OF THE MOST ESTABLISHED IN SINGAPORE" I MBA I Kja ONLY 8 PLACES LEFT! ITfflßl First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of
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  • SPORTS
    • 757 9 US Open review AP OAK.MONT, Pennsylvania Ernie Els has realised his dream of winning a major golf championship at the US Open. Now, the hard part of his career begins. The 24-year-old Els could be the next great golfer, taking the title
      AP  -  757 words
    • 591 9 NBA Finals NYT HOUSTON The winners will drink champagne. The losers will taste bitter disappointment. For the first time since 1988, the National Basketball Association championship will be decided in a one-game showdown, yesterday night's Game 7 between the Knicks and the
      NYT  -  591 words
    • 770 9 World Cup Finals AP BOSTON Gabriel Batistuta scored three times but it was also a great day for Diego Maradona and a historic one for Nigeria. World Cup holder Germany didn't win. But its 1-1 tie with Spain means it is virtually certain to be
      AP; Reuter  -  770 words
    • 411 9 Wimbledon AP WIMBLEDON In another stunning upset at Wimbledon yesterday, 120th-ranked Bryan Shelton routed No 2 seed and 1991 champion Michael Stich 6-3, 6-3, 6-4. Stich joined fellow German Steffi Graf, the women's top seed and defending champion, as a first-round loser
      AP; AFP  -  411 words
    • 321 9 AP WIMBLEDON, England The consequences of Steffi Grafs first-round ouster by Lori McNeil eould scarcely be more dramatic. Either Martina Navratilova. in her farewell appearance at 37, somehow wins her 1 Oth Wimbledon crown or the GrafNavratilova lock on the title ends
      AP  -  321 words
    • SPORT SHORTS
      • Article, Illustration
        325 9 AP AFP SEOUL Thousands of workers at the world's largest shipvard have found a new way of watching the World Cup by striking during a game involving South Korea. The labour union at Hyundai Heavy Industries. the world's largest shipyard in Ulsan. 200 km south-east of Seoul, said
        AP; AFP  -  325 words
      • Article, Illustration
        72 9 NEW NORK Major League Tuesday American: Detroit 7 Cleveland 5: NY 6 Minnesota 4; Baltimore 6 Milwaukee 1: Toronto 1 Boston 13; Chicago 5 Texas 4 (in 10). Oakland 0 Kansas Cit> 2: California 7 Seattle 2. .National: Cincinnati 2 SE I: t lorida 2 Chicago 7; Pittsburgh 7
        72 words
      • Article, Illustration
        170 9 AP AP LONDON Defending champion Cireg Norman has been installed favourite for this year's British Open at Turnberry next month. British bookmaker Ladbrokes rate the Australian world No 1 at 7-1 with former No I. Nick F.ildo. second favourite at 10-1 despite the Englishman's failure to make the cut
        AP  -  170 words
      • Article, Illustration
        68 9 AFP Nt hi WI.OF lonjja I ly-half Neil Jenkins kicked six penalty goals yesterday as Wales defeated Tonga 18-9 in an international. It was the second straight test victory in the Pacific for the Welshmen, who defeated Fiji last weekend. Wales now meets Western Samoa in the final match
        AFP  -  68 words
      • Article, Illustration
        296 9 LONDON Wimbledon selected results yesterday Men's Ist rd: Alexander Volkov (Rus) b Jeff Tarango (US) 6-4 6-2 6-2; Guy Forget (Fra) b Ken Flach (US) 6-1 6-2 6-2; Wally Masur (Aust) b Alex Antonitsch (Aus) 6-1 6-2 3-6 6-3; Bryan Shelton (US) b Michael Stich (Ger x 2) 6-3
        296 words

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  • LIFESTYLE
    • 796 11  -  Jon Pareles reviews Barbra Streisand's concert at Madison Square Garden Jon Pareles NYT IT WAS star time at Madison Square Garden when Barbra Streisand arrived on Monday for her first of five nights in New York. Limousines ringed the block; her fans, who had
      NYT  -  796 words
    • 559 11  -  Deborah Hastings looks at domestic violence in the US Deborah Hastings AP THE ARREST of OJ Simpson on charges of killing his ex-wife a woman on whom he once inflicted split lips, head bruises and a black eye has focused new attention
      AP  -  559 words
    • 405 11 CHATTERBOX AP AP AP AP AFTER playing in London and Los Angeles, Sunset Boulevard will open in Canada in November 1995 under the direction of Trevor Nunn. Andrew Lloyd Webber's US$l2 million (SSIB million) musical is adapted from Billy Wilder's classic 1950 film, which
      AP  -  405 words
  • Page 11 Advertisements
    • 198 11 > K Shark's Fin Soup, Sauteed Crystal Prawns, Deep Fried Soon Hock and Supreme Lobster Salad. Just a few of the superb Cantonese delights to tempt your tastebuds that youll find on our special dinner menus. There are four different menus to choose and they start from just $128**. To
      198 words
  • Page 11 Miscellaneous
    • 1126 11 TV RADIO a millionaire and uses his cash 'I guess it rains down in Africa I.eon Schuster kicks up a to find her lost love. Part II storm in Kwagga Strikes Back 8.30pm, SBC 5 tomorrow. SBC Channel 12 has f° rcet h m nto 6.30 KotaKit* \i\ marriage (Stereo).
      1,126 words

  • INNOVATION & TECHNOLOGY
    • 774 12  -  Juliette Walker looks at an affordable mobile satellite communications system Juliette Walker Remember the age-old job interview question: "You're stranded on a desert island. What three things would you want with you?" In four years, that unimaginative test of creativity will be obsolete. From 1998. global-access,
      774 words
    • 386 12 Reuter TALK about information at your fingertips. Timex Corp and software giant Microsoft Corp said that they have teamed up to develop a wristwatch that can store information received directly ofT a personal computer screen. The Timex Data Link watch,
      Reuter  -  386 words
    • 319 12 Reuter BRITISH scientists said yesterday that they have developed a simple kit that can predict the presence of two types of rare cancer in children and adults. Gerard Gallacher of the University of Brighton said in a statement that he and his colleagues had
      Reuter  -  319 words
    • 346 12 AP STRENGTHENED with new gcnctic "instructions", synthetic antibodies capable of attacking the Aids virus could be administered to HIV-positive volunteers in a few months, scientists said earlier this week. The novel approach to Aids treatment would use gene therapy to instruct the cells of Aids-infected
      AP  -  346 words
    • IN TAKES
      • 181 12 Reuter ONA, Florida Breeding cows at a Florida research centre are gobbling up a fertility-enhancing supplement made in part from recycled grease discarded by fast food restaurants, a cattle researcher said recently. Findlay Pate, who directs the University of Florida's Institute of Food and Agricultural
        Reuter  -  181 words
      • 142 12 UPI WASHINGTON Nicotine patches are so effective that many cigarette smokers may only have to use them for eight weeks to break the habit, says a new report from the University of Wisconsin. The findings contradict the recommendations of three of four patch manufacturers, who recommend
        UPI  -  142 words
      • 128 12 UPI PURDUE. Indiana A Purdue University expert says that for most people, dieting to lose weight is as fruitless as trying to hold your breath to stop breathing. R Paul Abernathy, professor of foods and nutrition at the university, said that people could do both
        UPI  -  128 words
      • 99 12 Bausch Lomb, IBM in lens deal Bloomberg Business News ROCHESTER. New York Optical company Bausch Lomb Inc says it has signed an agreement with computer giant International Business Machines Corp to develop the next generation of soft contact lens manufacturing technology. Using Bausch and Lomb technology. IBM will develop and
        Bloomberg Business News  -  99 words
  • Page 12 Advertisements
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  • THE LAW PAGE
    • 931 13  -  Ramesh Divyanathan examines the debate over the fees lawyers charge for conveyancing Ramesh Divyanathan American poet Ralph Waldo Emerson once described conveyancing as "void of imagination and free play of thought". It is a view supposedly shared by many who strongly believe that conveyancing,
      931 words
    • 449 13 ONE OF the issues raised in the debate over lawyers' fees for transferring property is that conveyancing is simple and repetitive. In I mm <& Practice Sale Purchase of Property written for the lay person by lawyer Sim Mong Soo. a check-list for what a purchaser's lawyer
      449 words
    • 174 13  -  AT THE- 5^ By Ramesh Divyanathan THE LAW Society is at it again, travelling, that is. Last year, two legal tours went to China and Vietnam and in April this year, a mission went to Indonesia. Now. the society and the Trade
      174 words
  • Page 13 Advertisements
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      740 words

  • 510 14 EDITORIAL HAS THE Japanese economy finally bottomed out from its 38 month-long recession? Some recent leading indicators have suggested that it may have. But the Tokyo stockmarket clearly does not believe it, and common sense argues in favour of continued caution over Japan's short to medium-term
    510 words
  • WHAT THE OTHERS SAY
    • 308 14 THERE ARE STILL too many unanswered questions for the slight upturn in Pyongyang's relations with Seoul (and, therefore, with Washington) to be treated with anything but circumspection. But former United States President Jimmy Carter's mission to Pyongyang may have helped to underline that nothing is gained
      308 words
    • 191 14 JIMMY CARTER'S private mission to Korea has proven that there is still room for diplomacy to resolve the crisis without resorting to war or sanctions. A significant achievement is President Kim II Sung's offer of talks with South Korea, which South Korean President Kim Young Sam
      191 words
    • 205 14 FORMER US President Jimmy Carter's visit to Pyongyang has eased the tension surrounding North Korea for the time being. If this visit can bring about the North and South Korea summit as well, the situation in the whole of Asia could also be greatly changed. There
      205 words
    • 110 14 WITH SO MUCH lost time to make up, Hongkong will be looking to this week's plenary session of the Joint Liaison Group (JLG) for a spurt of creative energy, not sterile arguing and posturing. It is a full six months since the Sino-British group last met.
      110 words
    • 138 14 TO MOST PEOPLE coming from the rural areas, Jakarta's allure lies in more than its glitter. It is a city of hope and opportunity that holds the promise of a better life. Of course, such hopes are often not substantiated. However, the fact that Jakarta is
      138 words
    • 92 14 THE LACK of interest shown towards science subjects among Malaysian schoolchildren is no secret, but that this interest has been waning over the past three years as revealed in a preliminary nationwide survey is worrisome in that the erosion has been over a prolonged period of time
      92 words
  • 845 14 The Japanese currency's exchange rate was fixed at 360 yen to the US dollar in i 949. This article traces the growing strength of the yen since then AFP THE Japanese currency, which sailed through the symbolic barrier of 100 yen to
    AFP  -  845 words
  • Page 14 Advertisements
    • 46 14 I 1 BusmessTimes WH KNOW ASIA Times House, 390 Kim Seng Road (0923). Phone: *****11. Telex: RS *****. Fax:733-5271 Chief Operating Officer: Denis Toy Da ie Ji. Group General Manager (Production): Chew Keng Juea Group General Manager (Marketing): Tham Khai Wor N j gh{ Edilor TohTecfsun
      46 words
    • 262 14 For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than I 11 Jf any other publication. Some may call it an unfair M |J| 11\ /I advantage. We at Singapore
      262 words
  • Page 14 Miscellaneous
    • 35 14 rousT ee FUDGE. IS ON PWD i DOM'T KNOUJ UVWS rniss w\m BR£*TMIMG doujvj TWG tug. t/\p\Treß vohh u)evßDo.- 6*ck or ngoc NEWSPAPERS ITO IMMW 92'3 DOONESBURY GARRY TRUDEAU I!SSofQW&U Uw THS HEADER- SpSSr* 1
      35 words

  • ANALYSIS
    • 1590 15  -  Lilian Ng examines whether the SES is overdoing its regulator role at the cost of its responsibility to develop the capital market Lilian Ng IT WOULD be hard for anybody to disagree with the view of Britain's most famous economist. Certainly, no country in
      1,590 words
    • 1588 15 1N SPITE of its relatively long existence, the Singapore market is often classified with other bourses around the region as an emerging market. This has led to expectations that the SES should grow just as rapidly. In terms of maturity, market capitalisation of the
      Source: IFC, EIU  -  1,588 words
  • Page 15 Advertisements
    • 360 15 You will be surprised at what Intelligent Systems can do! Intelligent Systems are computer applications which display human-like reasoning capabilities. Many successful companies in Singapore have gained business advantage by using Intelligent Systems. Strengths of Intelligent Systems include the preservation and building of the organisation's knowledge and experiences for better
      360 words

  • 536 16 Bloomberg Business News Reuter AFP TOKYO Japan's Social Democrats yesterday presented to the ruling coalition their conditions for rejoining it. thus probably saving the government from an impending noconfidence motion. The two sides met as the main opposition Liberal Democratic Party (LDP) decided
    Bloomberg Business News; Reuter; AFP  -  536 words
  • 47 16 AFP HALLE, Germany Germany's Social Democrat Party chairman Rudolf Scharping (left) embracing Brandenburg state premier Manfred Stolpe at the start of the party's special congress yesterday to officially select Mr Scharping as challenger to Helmut Kohl for the Oct 16 legislative elections. AFP
    AFP  -  47 words
  • 439 16 AFP SEOUL North Korea agreed with unprecedented speed yesterday to preparatory talks for an historic summit with South Korea, as Washington was left waiting for Pyongyang to verify whether it would freeze its nuclear programme. "This highest-level
    AFP  -  439 words
  • 227 16 Bloomberg Business News WASHINGTON The Federal Reserve's "beige book" report on the United States economy yesterday reported a slower economic growth rate with no signs of accelerating inflation. The report, based on data collected by the Fed's 12 district banks, will form the
    Bloomberg Business News  -  227 words
  • 205 16 Reuter BRUSSELS Russia signed Nato's Partnership for Peace yesterday and, proclaiming that it could do business with the West, sealed an agreement on broader cooperation hailed as vital to post-Cold War security in Europe. Foreign Minister Andrei Kozyrev signed the partnership scheme
    Reuter  -  205 words
  • 893 16  -  The Bottom Line TYE KIM KHIAT TYE KIM KHIAT The writer is a BT correspondent AUSTRALIA is a land of plenty of contradictions, that is. Unfortunately, the net impression is that it wants to remain an island unto itself. And, worse, be left to
    893 words
  • 286 16  -  From Loh Hui Yin in BANGKOK THAILAND, which aims to be a regional economic hub, is making it compulsory for new Foreign Ministry officers to learn the languages of its neighbours. The officers must undergo six months of intensive training in
    286 words
  • Page 16 Advertisements
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    • 172 16 Yeltsin accepts Clinton's invitation to US summit, Pg 8 CORPORATE T PORTFOLIO RESTRUCTURING MANAGEMENT 14-16 July Hotel Omni Marco Polo Singapore 18-19 July Omni Marco Polo Hotel Singapore Intensive 2'/ 2 -day course addressing immediate concerns of An indispensible programme for professionals companies reacting to rapidly changing business environments and
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  • COMPANIES & MARKETS
    • 488 17  -  Administrator to recommend tycoon's offer for Aussie retailer made through Reef, Hotel Properties units From Florence Chong in SYDNEY ONG Beng Seng looks set to snap up Australian electrical goods and music retailer Brash Holdings with a As4o million (5545.1 million) offer.
      488 words
    • 363 17  -  By Genevieve Cua THE family faction headed by Yeo Hiap Seng chairman Alan Yeo tried to move for a liquidation of the family holding company in April, YHS marketing manager Timothy Yeo said yesterday. Under cross-examination in court, Mr Timothy Yeo, son of Mr
      363 words
    • 135 17 MNtiAKUKt Maw Kar Brothers International said it has divested its stake in two Hongkong incorporated subsidiaries. Haw Par's entertainment arm. Haw Par Leisure International, sold its 100 per cent interests in Robertson, Wilson and Company (RWHK) and International Systems, a wholly owned
      135 words
    • 216 17  -  By Rahita Elias SINGAPORE Singapore Shipbuilding and Engineering's surplus funds swelled 140 per cent last year to more than $340 million. An SSE spokesman told BT yesterday that the increase resulted from progress payments. He was speaking after the release of
      216 words
    • 857 17  -  HOCK LOCK SIEW By R Sivanithy and Tan Su Yen SINGAPORE There's a saying that money makes money, and that if you're not one of the big boys when it comes to playing the stock market, then you're
      857 words
    • 286 17 SINGAPORE Civil engineering group Econ International announced yesterday that its net earnings, for the year ended March 31. rose 18.6 per cent to $7.25 million over the same period last year above its forecast of $6.5 million made during its initial public
      286 words
    • EYE on your STOCKS
      • Article, Illustration
        45 17 Firm 'Market Shunt' indicates tlw likely trading sentiment Unlay, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers /tolled Alliance. Baring. Duma. Fraser. UK (Joh. Kay Ihan. .Xomura. Morgan Cirentell. f'hillip. Smith \en Court. lat I.ee and SG ll'arburg.
        45 words
      • Article, Illustration
        146 17  -  By Paul Leo Pacific Carriers at $1.43 yesterday is 30 per cent below it's year high of 52.05 achieved on Jan 4. Short and mediumterm factors are turning bullish. Daily Relative Strength Index and stochastics arc fast approaching 25, indicating that any further price weakness will push the
        146 words
    • COMPANIES
      • 199 18  -  By Ven Sreenivasan SINGAPORE Parkway Holdings' wholly-owned subsidiary, Gleneagles International, has tied up with Indonesian eompany PT Royal Sentul Highlands to build a hospital near Jakarta. The majority 60 per eent stake in the project will be held by PT
        199 words
      • 191 18 SINGAPORE Steamers Maritime Holdings has acquired a new container ship for some USS2O million (Ss3l million) from Gigi Shipping, a British-registered subsidiary of Russia's Sovcomflot Group. Steamers will be chartering the 1,012-TEU and 12,500 deadweight tonnage vessel to Danish shipping group AP Moller.
        191 words
      • 489 18  -  Plan involves capital reduction, debt-equity conversion, issue of new shares From Ho Kay Tat in KUALA LUMPUR AILING Ayer Itam fin Dredging Malaysia Bhd (AHT) yesterday unveiled a major restructuring scheme that included a capital reduction, a debt-equity conversion and the issue of new shares
        489 words
      • 498 18 UNIT TRUSTS FUNDS Managers' price* Jun 23 UMB Invest Mgt Ltd Singapore Unit Trust I S ,'og The Commerce 1.64 l.74xd United Gr Fund 166 1.73 rhc Savings Fund 1.54 1.63 IJmlcil Asia Fend 1.63 1.76S'pore Prog Fund 0.69 0.73 S pore See Fund 103 104 UOB Life MMTMCI S
        498 words
      • 243 18 MBT KUALA LUMPUR Time Engineering Bhd, which has made further inroads into the telecommunications and information technology sectors through its wholly-owned subsidiary, Time Telecommunications Sdn Bhd, has appointed a merchant bank to finalise the funding plan for its proposed telecommunications network project. The
        MBT  -  243 words
      • 279 18 Bernama KUALA LUMPUR Edaran Otomobil Nasional Berhad (EON), the county's largest car distributor, is in the process of increasing its stake in a joint venture company to 40 per cent from 20 per cent. Managing director Adzmi bin Abdul Wahab
        Bernama  -  279 words
      • COMPANY BRIEFS
        • 65 18 SINGAPORE Creative Technology shares ean now be purchased using CPF funds under the Basic Investment Scheme (where a sub-limit of 10 per cent applies to non-trustee stocks) and the Enhanced Investment Scheme. But people who buy with CPK funds will not be allowed to convert
          65 words
        • 31 18 SINGAPORE Sesdaq-listed Informatics Holdings has signed an agreement with Mitac of Taiwan, authorising Mitac to conduct NCC International Chinese Diploma Course through Informatics' 10 computer education centres in Taiwan.
          31 words
        • 76 18 SINGAPORE DBS Bank's non-redeemable convertible preference shares, based on paid-up capital of SI, will begin trading on a "when issued" basis tomorrow. They will be listed as DBS CPS 100. DBS CPSSO non-redeemable preference shares, based on paid-up capital of 50 cents, will cease trading today.
          76 words
        • 57 18 SINGAPORE Shares of newly listed Liang Huat Aluminium will trade on a "ready" basis from June 27. All trades in Liang Huat shares done on a "when issued" basis have to be settled by July 4. The Central Depository yesterday sent statements to shareholders whose aeeounts
          57 words
        • 21 18 SINGAPORE The abbreviated names for Asiamatrix Ltd's shares and warrants have been changed to ASIAMAT and ASIAMWT6.
          21 words
        • 60 18 Bernama PETALING JAYA United Engineers (Malaysia) Bhd is expected to sign an agreement next month with the government for the National Sports Complex project in Bukit Jalil. The agreement would be signed as soon as negotiations on the development costs for the project were
          Bernama  -  60 words
      • 326 18 AFP MANILA Investors have become wary of blue-chip Philippine Long Distance Telephone Co (PLDT) amid rumours that the appreciating peso and a costly domestic expansion programme were driving down profits, analysts said yesterday. Rumours of lower-than-expected earnings for the first four months helped
        AFP  -  326 words
      • 436 18 Bernama KUALA LUMPUR Kemayan Corporation Bhd, which is on a diversification exercise to widen its earnings base, is projecting a pre-tax profit of MS3O million (5517.7 million) and MSS4 million for the financial years ending May 31, 1995 and 19% respectively For
        Bernama  -  436 words
      • 479 18  -  From Ho Kay Tat in KUALA LUMPUR CHUA MA YU, who cofounded Malaysia's leading brokerage Kashid Hussain Bhd (RHB) but left two years ago after falling out with his partner, confirmed yesterday his return to the industry by buying an 85 per cent stake
        479 words
      • 388 19  -  From Lim Soon Neo in HONGKONG WHEELOCK Pacific Ltd, the trading arm of Wheelock and Co, is teaming up with the Foster's Brewing Group to tap the growing Chinese market for beer. They are working on three or four "sizable"
        388 words
      • 158 19 Reuter HONGKONG Tem Fat Hing Fung (Holdings), Cheung Kong (Holdings) and Hutchison Whampoa have agreed to set up a company to invest in a Shanghai property development project. The company, Cheung Wo Hing Fung Enterprises, will be 30 per cent owned by Tem
        Reuter  -  158 words
      • 295 19 Eastern Express HONGKONG The Japanbased Yaohan group of retailing companies yesterday posted a mixed set of final results for the year ending March 1994. Listed on the Hongkong market last year, Yaohan International Holdings (YIH), the holding company of Yaohan group, posted an 87.4 per
        Eastern Express  -  295 words
      • 92 19 Knight-Ridder HONGKONG Hongkong will slash its levy on securities and futures transactions on July 1 due to the robust activity in these markets in the past year, the government said yesterday. The levy on securities transactions will be cut to 0.013 per cent
        Knight-Ridder  -  92 words
      • 72 19 Knight-Ridder NEW DELHI India's Reliance Petroleum Ltd may receive a US$75 million (Ssl 14 million) loan from the Asian Development Bank to finance the construction of its petroleum refinery, an oil industry official said here yesterday. The proposed 51.4-billion rupee (Ss2.l billion) refinery, planned
        Knight-Ridder  -  72 words
      • 84 19 AFP TOKYO Toshiba Corp, Japan's second largest electrical machinery maker, said yesterday that it would reduce the number of new recruits next year by 26 per cent, to 700. The company said it would employ 600 graduates as engineers and 100 for clerical work
        AFP  -  84 words
      • 86 19 Reuter MANILA Philippine sugar firm Victorias Milling Co Inc said yesterday that it was confident it would achieve its profit target of 201 million pesos (SSI 1.2 million) for the fiscal year ending August despite tight domestic supply of raw sugar. Victorias, one of the world's
        Reuter  -  86 words
      • 383 19 Eastern Express HONGKONG I he colony's futures market is expected to receive a significant boost when Taiwan investors get the green light on July I to legally trade Hang Seng Index futures. Hongkong's Securities and Futures Commission (SIC) and its
        Eastern Express  -  383 words
      • 313 19 AFP MANILA Ihe Asian office of American consumer giant Proctor and Gamble is offering to set up an Asean Industrial Joint Venture (AIJ V) which could total as much as US$5OO million (S$7M) million) in five years. Philippine I fade Sec retars Ri/.alino
        AFP  -  313 words
      • 479 20 Reuter CHICAGO The head of Kmart Corp, whose board met on Tuesday to eonsider the fate of its speciality retail businesses, is leaning toward a strategy of selling stakes of 40 to 50 per cent or more of the
        Reuter  -  479 words
      • 291 20 NYT SAN FRANCISCO Microsoft Corp, having emerged as the loser in a closely watched patent infringement suit brought by tiny Stac Electronics Inc, has made its first big settlement in a patent case by agreeing to license Stac's technology and acquire a minority
        NYT  -  291 words
      • 262 20 NYT WASHINGTON AT&T Corp and Silicon Graphics Inc were to announce an alliance yesterday aimed at developing and marketing networks that deliver interactive television and on-line computer services into the home. The new alliance brings together two powerful suppliers in the race between
        NYT  -  262 words
      • 88 20 Reuter PARIS French Budget Minister Nicholas Sarkozy kneeling among fake French and Swiss luxury watches during a mass destruction of fake goods on Tuesday. Mr Sarkozy staged the exercise to warn the French public from buying and returning to France with such items during their
        Reuter  -  88 words
      • 200 20 Bloomberg Business News NEW YORK Nestle SA chairman and chief executive Helmut Maucher said the company is planning no major acquisitions, despite weeks of swirling rumours to the contrary. "For the time being, there is nothing on my table on a large scale," said Mr
        Bloomberg Business News  -  200 words
      • 291 20 NYT NEW YORK The new bosses of Philip Morris, the US food and tobacco group, have promised a sharp change in management style in an effort to restore growth to the company's flagging share price. William Murray, who took over from Michael Miles as
        NYT  -  291 words
    • FINANCE & COMMODITIES
      • 589 21  -  By Shiv Taneja SINGAPORE DBS Asset Management is to launch a regional China fund soon, becoming the third Singaporebased unit trust after Credit Lyonnais and OCBC Asset Management to do so. According to V V Giri, senior manager at DBS Asset
        589 words
      • 310 21  -  By Harish Mehta SINGAPORE United Overseas Bank is seeking to raise US$5O million (5576.5 million) from investors in Asia and the US for a Vietnam fund. Gary Voon, UOB's Vietnam representative, told Business Times that the UOB Vietnam Fund will be a
        310 words
      • 307 21 Reuter TORONTO Canadian Bank Note Co Ltd, one of Canada's oldest currency printers, wants to be the money maker of choice for new emerging countries as it strives to double its profits in four years. The 97-year-old firm, which prints currencies for
        Reuter  -  307 words
      • 286 21 Reuter MOSCOW Foreign banks will inject a healthy note of competition into Russia's banking sector, where 2,200 existing banks are still not enough to serve all districts of the world's biggest country, according to the head of the central bank. Viktor Gerashchenko told Nezavisimaya Gazeta
        Reuter  -  286 words
      • 253 21 AFP TOKYO Germany's Dresdner Bank AG, the country's second largest, plans to expand its presence in China and Vietnam, chairman Juergen Sarra/in said on Tuesday. "We have applied for banking liccnccs in Shenzhen and Guangzhou." he said, referring to the booming Chinese cities
        AFP  -  253 words
      • SMALL CHANGE
        • 94 21 Reuter BEIJING Bank savings in Shenzhen grew 15 per cent in the first five months of 1994, the local branch of the central bank reported yesterday. At end-May, savings of various kinds in Shenzhen reached 73.205 billion yuan (5512.8 billion), an increase of 9.483 billion
          Reuter  -  94 words
        • 113 21 Reuter TAIPEI Taiwan's domestic insurers kept their lock on most of the island's life insurance business in 1993, Finance Ministry statistics show. Total life insurance policies in force at the end of 1993 reached 27.58 million, up 19 per cent on 1992. Individual policies made
          Reuter  -  113 words
        • 100 21 Bloomberg Business News AMSTERDAM ABN Amro Bank NV and INGBank NV. the two largest banks in the Netherlands, are expected to get a full banking licence for Russia, the Dutch newspaper Hct Fimmaivlc Daxh/ad reported yesterday. Russian Central Bank governor D V Tulin,
          Bloomberg Business News  -  100 words
      • 218 21 AFP HANOI A bank of the former Soviet bloc-run Council for Mutual Economic Assistance (Comecon) has agreed to sell the debt of its borrowers in Vietnam to the Vietnamese government, a report said yesterday. Union newspaper Lao Fkmg said a do/en Vietnamese
        AFP  -  218 words
      • 209 21 SINGAPORE First Bangkok City Bank, one of Thailand's oldest, has raised USSBO million (SSI 22 million) through a five-year loan from a group of 28 financial institutions. Under a deal signed yesterday in Hongkong, the hank will issue floating rate notes that pay interest
        209 words
      • 627 22 NYT NEW YORK Fidelity Investments, the nation's largest mutual fund company, deliberately provided incorrect information on the value of its mutual funds last week, causing newspapers to report that most Fidelity funds did substantially better than they actually did. A Fidelity spokeswoman, Constance Hubbell,
        NYT  -  627 words
      • 508 22 NYT CHICAGO Many commodity prices are up sharply this year, ranging from coffee and cotton to crude oil, copper and aluminium. The trend towards rising prices fits neatly into the traditional models of what economists expect at this stage of an economic
        NYT  -  508 words
      • 322 22 Reuter LONDON Wheat exporters will be eyeing Russia as the new crop year begins in July, but a forecast poor harvest in Russia does not necessarily equate to increased imports, grain experts said on Tuesday. "The Russian production outlook is not very good, but there
        Reuter  -  322 words
      • 280 22 Reuter SEOUL South Korea opens its bond market to foreigners for the first time next week, accelerating the pace of market liberalisation, but the scale of the opening is too small to attract much interest, analysts said yesterday. The Finance
        Reuter  -  280 words
      • 308 22 Reuter VANCOUVER, British Columbia The fevered race to build the first diamond mine in Canada's Arctic will likely heat up further this summer as several exploration ventures make key announcements. New test results to be released in the coming weeks will provide crucial
        Reuter  -  308 words
      • 185 22 AP HOUSTON Russian officials are close to signing a US$9 billion (5513.7 billion) deal to allow Marathon Oil and four other companies to develop two huge oil and gas fields olf Sakhalin Island. In addition to Marathon, the members of the consortium
        AP  -  185 words
      • 138 22 THE Singapore dollar was relatively unchanged from previous day closing but appear set to test the 1.5250 level. The Malaysian ringgit finally fell below the 2.59 support in the face of overwhelming sale of the US dollar in the global market. The move, however, failed to gain
        Charts by Dow Jones Telerate  -  138 words
      • 95 22 Reuter NEW YORK The dollar was steady but fragile here yesterday morning in nervous trading after the rout the day before and in anticipation of Federal Reserve chairman's testimony to Congress. A little before 10am (1400 GMT), the dollar was trading at 1.6015 German marks against 1.5945 on
        Reuter  -  95 words
      • 185 22 Bloomberg Business News LONDON The dollar rose in Europe as traders waited to see if the world's central banks would step in to buy it. The temporary lull came after the ailing US currency set a postwar low against the Japanese yen on Tuesday. It rallied to the day's
        Bloomberg Business News  -  185 words
      • 198 22 Bloomberg ENERGY REPORT NEW YORK Crude oil on the New York Mercantile Exchange (Nymex) is expected to rise after a report showed US stockpiles of crude fell last week, signalling strong demand. US crude inventories fell 2.02 million barrels, less than
        198 words
      • Article, Illustration
        1714 22 I rath-nttfhml iml< cakukueJ ajtumsl S'putr\ Utp 14 traJinf funnm flaw mar /M.< (JS$/S$ forward rates Noon June 22 s$ Bid Offer 1-month 1.5266 I 5281 2-monlh 1 5262 1.5277 3-month 1 5258 I. $273 6-month 1.5241 ***** Stwnr OC'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on
        1,714 words
    • COMMODITIES & FUTURES
      • 1418 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures elosed higher on the baek of a rallying yen. Dealers said the markets are being led by foreign exchange fluctuations and will continue until some stability returns to the dollar/yen. A dealer
        Reuter  -  1,418 words
      • 664 23 COMMODITY REPORTS KL Tin TIN fell five sen to end at MS 14.30 a kg on further selling by miners and lower copper prices in London overnight. "Tin is following the downward trend in copper." one trader said. Covering and buying investment
        664 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 76 23 HANOI Vietnam's rice exports totalled 750,000 tonnes in the first five months of this year, down slightly from the same period of 1993, the agriculture ministry said yesterday. Total production of non-husked rice during the last winter-spring harvest was 11.6 million tonnes, the ministry added.
          76 words
        • 111 23 SYDNEY Declining supplies of raw material are expected to force more lead smelters to curtail operating capacities, underpinning international prices, according to industry sources. At least 100,000 tonnes of lead-making capacity is expected to be mothballed worldwide before the end of the year as concentrate
          111 words
        • 75 23 SYDNEY The rising value of the Australian dollar, high livestock prices and short supplies are causing a further slowing of beef processing. Australian exporters said yesterday. Traders said most processors had either closed temporarily or cut back production in response to poor export markets and problems
          75 words
        • 49 23 SINGAPORE An Indonesian fecdmaker this week has been seeking 20,000 tonnes of Chinese corn for August shipment, and for discharge at Jakarta, traders said. The feedmaker has so far rejected cargoes priced at US$l3l (Ss2oo) per tonne C&F, and is waiting for lower prices.
          49 words
    • 1451 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Setl (tonnes) Interest Jul 94 171 00 171.00 171.50 200 IOOO Aug 167.00 ***** 166.50 SO 3100 Sep 161.00 160.50 161 25 ISO 197$ Oct/Dee 158.50 158.00 158.75
      1,451 words
    • REGIONAL STOCK MARKETS
      • 1104 24 17.3 SHARES closed firmer yesterday for the first time in more than a week, boosted by a steadier bond market and a rise in the gold price. The key All Ordinaries Index climbed to 2,010.9 points, up 17.3. The All Industrials Index jumped 23.4 to 2,908.2 and the All
        1,104 words
      • 603 24 1.36 Stock prices arrested a nine-day fall yesterday with a slight technical rebound, but attention remained focused on next month's two mammoth initial public offerings, analysts said. The Philippine Stock Exchange index rose 1.36 points to close at 2,815.95 Turnover fell to 1.17 billion shares from 1.25 billion on
        603 words
      • 592 24 +8.64 The Taipei bourse yesterday rose marginally in light trading as investors adopted a wait-and-see attitude in the absence of fresh incentives, boosted mainly by pulp and paper shares. Following the previous session's 89.44-point loss, the 374issue Weighted Price Index gained 8.64 points to end at 5,957.61. Turnover slimmed
        592 words
      • 439 24 -0.44 Share prices edged down yesterday in mixed but heavy trading, with dealers attributing the slight drop to a correction which started the previous day. The Composite Price Index closed 0.44 of a point down at 936.39 points, with turnover swelling to 50.7 million shares worth 840 billion won,
        439 words
      • 348 24 -14.21 Shares ended lower but recovered from a fall to within five points of a year's low in morning trading. The NZSK4O Capital Index ended down 14.21 points at 2,029.53. recovered from the 2,017.19 low and just off the 2.012.82 low for 1994. The volume was a healthy
        348 words
      • 68 24 -21.59 Share prices ended lower on selling by speculators and Indian mutual funds, brokers said. The Bombay Stock Exchange 30-share Index closed at a provisional 4,311.39, down 21.59 points from the previous close. The 100-share National Index fell 9.94 points to a provisional close of 2,031.30. "The general sentiment
        68 words
    • WORLD STOCK MARKETS
      • 912 24 Britannia Funds Sterling C«ih Bid Offer Mini lap Deposit 1* 6400 38 6500 Mini Jersey Gilt 0 1843 0 1442 Mim Mis Income *0 WOO *0 4 tOO LS$ Cdk Income Plus Fund 4 '800 10 )100 PS S Reserse Fund 5 2WJ0 5 2400 Sterling Fquily Euro Perfoinuncc 0
        912 words
      • 831 24 +20.2 STOCKS rose as European and US government bonds rallied after a cut in a key German money market interest rate and the steadying of the dollar. The FT-SE 100 Index of leading stocks rose 20.2 points to 2,953.2, led higher by gains in Shell Transport and Trading, British
        831 words
      • 166 24 +26.26 French stocks rose after the dollar steadied and the German Bundesbank reduced a leading interest rate. Investors are hopeful the German rate reduction means the Bank of France will lower an equivalent money market rate, which has been at 5.20 per ccnt since last week. Falling rates often
        166 words
      • 158 24 +4.58 Swedish shares closed higher as investors bought stocks that looked good val- uc after recent declines. Professional investors are betting bond yields will fall and stocks will become relatively more attractive, said strategists. "I think a lot of insurance companies which probably haven't bought bonds in months now
        158 words
      • 199 24 10.51 German stocks rose in late trading, led by a stronger opening of US stocks, as the stabilising dollar helped bonds to recover from recent lows. Traders said the dollar's recent turmoil was weighing on the market's sentiment. The currency has fallen 10 per ccnt against the yen and
        199 words
      • 185 24 -3.82 Belgian stocks rebounded after the central bank cut its interest rates yesterday. But they closed lower as the weak dollar fuelled inflation fears. The Bel2o Index of leading shares closed down 3.82 points, at 1,405.17. "The atmosphere is a bit better with the rate cuts. But I think
        185 words
      • 200 24 +390 Italian stocks closed higher as low prices attracted a wave of buyers to the market. The Mibtel Index of leading shares was up 390, or 3.63 per ccnt, to close at 11,145. On Monday, the index had fallen 4.2 per cent, its worst one-day drop since September 1992.
        200 words
      • 287 24 +51.5 Swiss stocks rallied yesterday, boosted by a stable dollar and rising US stocks and bonds. The Swiss Market Index of the top 21 stocks gained 51.5 points to 2,595.7 as 18 stocks advanced, two fell and one was unchanged. Traders said stocks got a boost after the German
        287 words
      • 267 24 -1.85 Canadian stocks were mixed as the move by Canada's major banks to raise rates yesterday was offset by some investors' belief that stocks arc poised to recover from losses from the past few days, traders said. The TSE Index fell 1.85 to 4,045.70. Some 26.3 million shares changed
        267 words
      • 759 24 16.49 Blue chip stocks were up yesterday morning, propelled by falling long-term interest rates and the firming of the dollar after being battered for several days. The Dow Jones index of 30 leading industrials was up 16.49 points to 3,724.46 at I lam (1500 GMT). About 78 million
        759 words
    • Article, Illustration
      3208 25 Reuter HONGKONG Shares overcame overseas selling and negative sentiment to end slightly higher on a technical rebound, brokers said. The blue-chip Hang Seng Index closed up 19.06 points at 8,876.84 after falling below 8,800 in the early morning. Turnover was a light HK52.57 billion. Advances totalled 173 and declines
      Reuter; Source: Bridge Info  -  3,208 words
    • Article, Illustration
      546 25 CLSA OUTER Gaoqiao, Steel Tube and Tyre Rubber were the three most active counters in Shanghai, accounting for 55 per cent of total turnover of US$3.4 million. Sanmao lost 4 per cent after Tuesday's 3 per cent gain. The overall Shanghai B market was up 0.71 point to 1,089.53.
      CLSA  -  546 words
    • Article, Illustration
      2553 25 Reuter TOKYO Stocks ended lower after nervous trade, with prices fluctuating in line with movements in the currency market. Heavy arbitrage-linked selling emerged but the Bank of Japan's (BOJ) active dollar-buying intervention invited buying on dips, underpinning the downside. "Participants now feel the dollar could drop below 100 yen
      Reuter; Source: Bridge Info  -  2,553 words
    • Article, Illustration
      1873 25 Reuter BANGKOK Stocks, hit by both domestic and foreign factors, closed down but off the day's lows after a late buying spree in finance counters, brokers said. The SET index fell 17.51 points to 1,311.81, after dipping to a low of 1,293.80 points in the morning. Turnover was a
      Reuter; Source: Bridge Info  -  1,873 words
    • Article, Illustration
      1159 25 Reuter JAKARTA Share prices drifted lower at the close in dull trade, with players sidelined by a lack of fresh factors and overseas weakness, brokers said. The Official Index ended 2.11 points lower to close at 473.13. "The market was almost dead. There was really no major trading activity."
      Reuter; Source: Bridge Info  -  1,159 words
    • 2296 26 Idns Hyd 50c I2.47V.OOO Mm Hyd 50c 36.069.860 Mulpha I nil 50c 10.844,000 Mulpha Inil 50c 2S.374.800 Promet 6.52I.OOO ("ASH 50c I4.0U.900 Ttcnong Bhd 50c 5.972.000 Rcnong Bhd 50c 11,741,460 Kamunlin* 50c 4.943.000 Promet 10.985.230 'Jjcm Hoc TSK97 3.972.000 KamuMing 50c 7.440.210 Fabcr Group 2.798.000 Lien Hoc TSR97
      2,296 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5508 26 Bernama KUALA LUMPUR Share prices here rebounded sharply in the afternoon to close higher yesterday after a sluggish morning session as investors actively picked stocks made cheaper by the recent downtrend. At the close, the Emas Index recovered 3.05 points from Tuesday's
        Bernama; Source: Bridge Info  -  5,508 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7458 27 I IWUNBOABP v.; .j; ...gypji Tnuiwctiondate: Jun«22~ tit U 1994 Last Vol Da) LjiM Quote IN* IM* Net M Cap High Low ompaa) Sale ("000) High l-ow Bu>er Seller C»r P/E Saiil INDUSTRIAL AND COMMERCIAL 1440 835 t s Acma 950 5 323 1000 925 955 960 175 2.1 1.8
        7,458 words
      • 1881 28  -  By R Sivanithy SINGAPORE Some measure of stability returned to the local market yesterday, as investors reacted positively to a firming of the US dollar and renewed rumours of an early Malaysian election. After dropping 10 points in early trading, the Straits Times Industrials
        Charts by Bridge Info; Source: Bloomberg  -  1,881 words
  • Page 17 Advertisements
    • 183 17 NEWS VALUE How today's news might aflect your stinks SIA orders 52 planes (pg I) That's confidence for you. SIA share price holding up well in a lacklustre market. M'sian watchdog may set deadlines (pg I) Guidelines make for more transparency. Not likely to dampen Malaysian corporate developements. HPL may
      183 words


  • Page 19 Advertisements
    • 177 19 0 'vV^^lr^3 i.w«BMimTßfff l\ *^p &^'ss£sg£!& r Afih VisskeSS^K Mlf /^HH "THANKS TO SIA CARGO, THE ANCIENT TREASURES OF ASIA DIDN'T MAKE HISTORY." D® KENSON KWOK DEPUTV DWECTOR ASIAN OVWSATONS MUSEUM (A MEMBER INSTITUTION Of THE NATIONAL MU'-fUV "Flying the ancient treasures o f Asa with SIA from the Mr&MrsJohnD.
      177 words

  • Page 20 Advertisements
    • 267 20 wawg marina* TELEPHONE -1 NOW YOU CAN MANAGE YOUR INVESTMENT I" PARKWAY r I PORTFOLIO ANYWHERE. ANYTIME. I *****51 PICKERING m U| a ym', 4 Hi itfijMPfpPr h B I 1 1 telephone "V It telephone H 5698-os ani»i' 7r *i CLEMENT, toa payoh telephone i ,/L.< .■*k ulephw* mu
      267 words

  • Page 21 Advertisements
    • 1135 21 fggj Allied Irish Banks pic (Incorporated in the Republic of Ireland with Limited Liability) Exchange Rate IRtl »USSI 4106 as at 31 December. I<W3 Consolidated Balance Sheet Consolidated Profit Loss 31 December 1993 Account for the year ended 1993 1992 31 December 1993 Restated IR£m IRCm Year 9 momhs Assets
      1,135 words


  • Page 23 Advertisements
    • 222 23 CANON COPIERS I FAX _RENT^LEASE^TRADEJN«Bir^_ •Upto 15 copies per minute Enlarge/reduce/zoom function (50* 200%) Auto frontleading iM ate.... BRAND HBW CANON PLMN PAPER JSSS^L COPCRS NP2120 •21 copiee par minule+oiher useful features —B a I Optional; Auto Document Faadar Sorter V »20 other modala to chooee from our showroom I
      222 words
    • 28 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. TheV c fSSSSS®' froifers ■p the most Wrctirren^
      28 words

  • Page 24 Advertisements
    • 132 24 The Philips matchl §une TV M with SMART CONTROLS. ||^H CQNTRDLS\ jjJSMW Conventional TV picture tubes are fixed at one basic setting. You may adjust 800 lines horizontal resolution plus AI picture control provide unmatched brightness and contrast, but that's about all. versatility and picture quality. B/JjHowever the new Philips
      132 words
    • 24 24 Mokino the rounds in search of a new apartment? Let The Straits Times Classified do the leqwork check the property listings today! 737-1166 S
      24 words

  • Page 25 Advertisements
    • 138 25 I Convenient, Natural Looking "Grow" New Hairs With Nido Mi. Good news for the balding. Using Nido Hair System which employs the revolutionary non-surgical hair implant method, new hairs can be added onto a balding area with the most natural looking results. k Remarkably, the improvement is immediate and it
      138 words


  • Page 27 Advertisements
    • 80 27 mmmjr Since 1735 there has 0 1 NEVER BEEN A QUARTZ BIANCPAIN WATCH. JjHfll And there never will be au Singapore nil: lIOUK CI ASS Lucky PLua TW TM242WI Satts. 1W iJV>*27/7l<*l CeiMrcpmnl Td 714IVNVTiOJ Peninsula Ptwa.ltel mH mrnftVfel Wnrid Trade Centre TH *****07 Pal#*feMtamiw TIIIMI/Hl* n*tnc> TH SMUJI* Ainxwl
      80 words

  • Page 28 Advertisements
    • 30 28 NOTICES SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. Business Times WE KNOW ASIA
      30 words
    • 425 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ENGDEF. ENGINEERING PTE LTD (In Members' Voluntary liquidation! Al an bttraordinarv General Meeting of the members of ENGDEE ENGINEERING PTE LTD duly convened and held at Blk 86 Mannc Parade #04-Jll, Spore 1544 on 21 June
      425 words
    • 378 28 M THE MATTER OF THE COMPANIES ACT, CAP. M HQ HUA COMPANY (PRIYATF)IIMITFn MEMBERS' VOLUNTARY UOWOATK3N At an Extraordinary General Meeting of the Company duly convened and held M 133, CeoN Street #11-02 A, Keek Seng Tower, Singapore, 0106, on Saturday, 18th June, 1004, the Spacfsl RttoMoii est out bibw
      378 words
    • 410 28 M THE MA TIER OF THE CGMPMMES ACT. CHAPTER SO MMNTA SALES PWVATI UMTTII (In Members' Voluntary Uqudsbon) Mma of resolution NOTICE 6 HEREBY GIVEN that at an Extraordinary General Medina d Members of SHAN IA SALES (S) PRWATt LIMITED duly convened and held al 41SB Jaian Boar. SngaporaMßO on
      410 words

  • SHIPPING TIMES
    • 351 29  -  By Alec Almazan SINGAPORE The new land and satellite-based Global Maritime Distress and Safety System has led many shipowners to rethink the need for radio officers at sea. By February 1999, the GMDSS system will apply to all merchant ships of
      351 words
    • 395 29 BANGKOK The Thai government is looking into plans to develop the country's water transport. The Nation reported on Tuesday. Anek Tabsuwan, Deputy Minister for Transport and Communications and who is in charge of the development, told the Bangkok daily that the Port Authority of
      395 words
    • 1099 29 Page Col ABC Containerlinc 16 4 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 ANL- 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 5 •ASCL 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait
      1,099 words
    • 175 29 Reuter LONDON Peninsular Oriental Steam Navigation Co pic said it was launching two new ships on the Portsmouth to Le Havre sea crossing. The new 33,336 gross tonne vessels are the Pride of Portsmouth and the Pride of Le Havre. P&O
      Reuter  -  175 words
    • 253 29 UPI BRUSSELS Progress towards integrated European Union shipping policy was reported following an EU forum that wrapped up on Tuesday in Rotterdam. The forum, told that trade within the union will double by the year 2000, approved joint projects on new sea
      UPI  -  253 words
    • 429 29 International Transport Journal BASLE. Switzerland The five largest shipping lines in Japan have posted eonsiderable financial decreases for fiscal 1993/94 (April to March). The revenues of all five lines together fell by 8.4 per cent to 1.525 trillion
      International Transport Journal  -  429 words
    • 638 30 The Dutch line's new managing director is determined to give shareholders eood return for their money International Transport Journal AT THE head of Nedlloyd Lines is a new man: Paul V L Bijvoets. He succeeds A (Tom) van Langeveld. who, in his five-year term as managing director,
      International Transport Journal  -  638 words
    • 14764 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND P.N: ship calls at Penang after
      14,764 words
    • 3369 43 A X aB( C ontainerline NV: Belsin Shpg Agencies Pte Ltd (SV Marine Handling Sfln Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg rrdg(S). Albatros Sea-Air Service: Frata Shpg
      3,369 words
    • 289 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express lra»el Tel: 533-5771. Fa*: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421 Fax: 742-8975 C its-1 -ink International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies
      289 words
    • 1505 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel. 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax *****18 Air C argo Novo Express Td: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50.
      1,505 words
    • 2666 44 ALBANIA Durres: Two vessels operating of whieh I discharging cement. 1 bagged flour, 2 vessels in roads awaiting beiths of which I to discharge wine, I bagged flour. ARGENTINA Santa Fe: No vessels berthed, none in roads. Diamante: One vessel berthed loading maize, no vessels in roads. 1
      2,666 words
    • 463 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait l)ep Name of Vessel ETA LTD Ports of Calls Port Agent Telephone No JUNE 23 23 Club Med 2 0800 1900 Cruise to Nowhere Harpers Shipping 221-1388 23 23 Renaissanee 2 0900 2015 Cruise to Nowhere Lines Intl Holdings 224-2763 24 24 Club Med
      463 words
    • 659 44 SHIP SALES TANKER RATES THERE 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 consideration
      659 words
    • SHIPS IN PORT
      • 530 45 Vessel Voy No Berth Arriyai Departure Vessel Voy No Berth Arriyai Departure Jurong Port A" «h fw> 2306,0/00 ?3 0S/1200 API Anjk KS06 115/16 alongside 2306,1/00 Batam Speed A7094* POIA 2306/1530 2306/1/30 M lestan D52 J9 alongside 2306/2100 Batam Speed 1/094* P01A 2306/0/00 2306/0900 Dvn Guna 06/04/94
        530 words
      • 1723 45 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 Au lade 1918 24/1100 1A 22/1500 22/1669 22/1900 2A 22/1700 23 0659 23/0900 3 23/0700 23/1159 23 1400 4 23/1200 23/1459
        1,723 words
      • 1530 45 THE Baltic Freight Index tor spot dry cargo shipping rates rose to 1.312 on Tuesday from 1.311 on June 20. The dry cargo freight market saw good grain enquiry for July while actual fixing appears at least to be holding steady in most areas, brokers said. Yukong has
        1,530 words
      • 860 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements arc indicated. The Cockett Bunker Price Index change and
        860 words
    • 868 46  -  Rahita Elias takes a trip down to Tuas for a tour of SSE's new yard Rahita Elias THINGS arc humming at Singapore Shipbuilding and Engineering's second yard in Tuas. The 6.4-hectare facility with 540 metres of waterfront swung into operation in April even before construction
      Photo by Arthur Lee  -  868 words
    • 736 46 COURSES Title: Customer Technical Service Management Duration: June 30 July 1 Organiser Alberton Management Centre Tel: For more information contact 336-2611 or fax: 338-9864. 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
      736 words
    • AIR AND LAND TRANSPORT NEWS
      • 375 48 Reuter WASHINGTON Many foreign airlines flying into the United States, chiefly from lesser developed countries, fail to meet basic international air safety standards, a senior US aviation official said on Tuesday. Anthony Broderick, associate Federal Aviation Administrator for regulation and
        Reuter  -  375 words
      • 58 48 Reuter ISTANBUL Railway workers gathering in front of two trains that crashed at a junction on the outskirts of Istanbul eraly on Tuesday. Officials said at least 140 people were slightly injured. Istanbul Governor Hayri Kozakcioglu told the Anatolian news agency that the accident
        Reuter  -  58 words
      • 322 48 AFP LONDON Britain braced for a second 24-hour rail strike in a week yesterday, as railway signal workers served notice of two more similar stoppages amid deadlock with management. Management of the stateowned Railtrack revealed plans to run twice as
        AFP  -  322 words
      • 104 48 Reuter BEIJING Seven Chinese firms beat bidders from Germany, South Korea and Taiwan for contracts to build the Beijing-Hongkong expressway between Shijiazhuang and Anyang, the official Xinhua news agency said yesterday. The 216-km section will cost four billion yuan (SS7O2 million), of which
        Reuter  -  104 words
      • 416 48 Bloomberg Business News WILMINGTON UAL Corp shareholders filed a court motion to block a planned July 12 shareholder vote on turning United Airlines into the largest employee-owned company in the US. The motion for preliminary injunction, filed in Delaware Chancery Court on
        Bloomberg Business News  -  416 words
      • 564 48 NYT TOKYO After years of being derided as overpriced, de-fect-prone gas guzzlers, something unexpected is happening to US cars in Japan. They are starting to win some consumer acceptance. Sales of US-made passenger cars by Ford, General Motors and Chrysler more than doubled
        NYT  -  564 words
      • LOG BOOK
        • 118 48 Bloomberg Business News HONGKONG Jinhui Holdings, a shipping and investment company controlled by mainland Chinese investors, has postponed plans to list its shipping arm on the Oslo Stock Exchange due to poor market conditions. The offering is expected to go ahead later this year once
          Bloomberg Business News  -  118 words
        • 79 48 Reuter OSLO Norwegian shipowner Leif Hoegh has been given approval to buy an 83 per cent stake in Arcade Shipping from Reading Bates. "At today's shareholders' meeting in Arcade Shipping, a unanimous decision was made to approve the conditions for Leif Hoegh buying
          Reuter  -  79 words
        • 98 48 Bloomberg Business News LONDON The shipping group Peninsular and Oriental Steam Navigation Co is leading a consortium of five bidders for all or part of the first British Rail train operating company tendered to the private sector, the Times said on Monday. Frcightliner,
          Bloomberg Business News  -  98 words
        • 58 48 AFP MONTREAL The Canadian company Bombardier is considering a partnership with Chinese companies to develop a 70-seat regional transport plane, its president said on Tuesday. Bombardier has long planned developing its 50-seat Regional Jet and Dash 8 models into 70-seat planes. This could be done in
          AFP  -  58 words
        • 83 48 AFP PARIS The French government is considering the possibility of a "partial and gradual opening" to outside investors of the capital of government-owned car maker Renault, French National Assembly member Philippe Auberger said on Tuesday. The general rapporteur of the chamber's Finance Committee said
          AFP  -  83 words
      • 1412 48 city nwrt eta n» rro^ Abu Dhabi GF146 1120 GF147 1850 GA985 1435 SQ441 1505 Adelaide QF81 1925 QF82 2055 SQ228 1955 Amsterdam KL843 0505 KL838 2300 SQ25 0630 SQ26 2355 GA975 1255 KL837 1450 Athens SQ347 1725 Auckland SQ286 2040 BAH 1505 SQ288 2045 B
        1,412 words
  • Page 29 Advertisements
    • 3 29 0 HANJIN SHIPPING
      3 words
    • 26 29 Lines and services represented by Members ol the Registry of Accredited [;B0a; Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
      26 words
    • 69 29 THE FAMOUS > on <b ■iMillSl* 224 1833 I For more information please refer to Pg. 15 Special feature: A tour of SSE's new shipyard at Tuas, Pg 18 Nedlloyd's new helmsman, Fg 2 Many airlines flying to US don't meet safety rules: FA A, Back Pg r STRAIGHT TALK
      69 words

  • Page 30 Advertisements
    • 501 30 VfW N.Y.K. LINE 1993 (S) PTE LTD MALAYSIA INDONESIA TEL- *****23 NYK AGENCIES (M) SDN BHD P.T PELAYARAN PUSAKA AJIBAYU MM W Vtr*7 OQQVQc/t/oQOTinQ KUALA LUMPUR: 03-*****66 (7 LINES) JAKARTA (021) *****12 (10 LINES) PORT KELANG 03-*****15 (6 LINES) SURABAYA (03,, *****,, 336,47 MIDDfMU VIICCKJ l/'AICLIA Ohb (r\U) PENANG 04-*****8
      501 words

  • Page 31 Advertisements
    • 2375 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JAROINE SHIPPING AGENCIES SDN. BHD. TEL *****13 FAX: PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CUSTOMER SVC TEL: *****92/*****91 /*****93 P.GUDANG
      2,375 words
    • 1879 31 ■E «MJJd!ll»l J CALLING VOSTOCHNY/VLADIVOSTOK/NAKHODKA MUNKEBO MAERSK V.9407 ETA SIN 26TH JUNE 1994 Ve*»el Voy ETA ETD Feedered by destinations TW» MARIE MAERSK V 9406 T aWTaWW—BIBWaW 28/oe G6oc MRS CfS 27/06 2369 MRS JOM LPK PEN OAK LGB SFO MEM ATL MIA CMS BAL PML NYC TOR MARIE MAERSK
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  • Page 32 Advertisements
    • 117 32 JF Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT~ iKHI ■yQCflyflgsgfß* BITOI WBSM BEJ MBBi WTISM M-i m IfcfiSSMAfflSE ».ini«ttfj3MSsS^3BHim i KM Mim^EffM* ,^*^^< rr?^—im ttj i-> j imi i^M^^Mii'imniiiMfiMfi »;i >--»: a: WTi*. <tm TSCT H JkavaaMApaaabfll Bllli''.')W!Hj{?ißUlfgl W>mm CONTAINER SERVICE FROM UK/CONTINENT MBBHIiHiIHHHiIiII m waraßanana CONTAINER SERVICE TO USA SCX SERVICE
      117 words
    • 700 32 AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vos ochny. Vladivostok, Moscow, I Baku. Tashkent, Irkutsk, Alma Ata, Aahgabad. 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
      700 words
    • 1216 32 I NORASIA" I NORASIA AL MANSOORAH 9424 3 23/06 14/07 15/07 16/07 17/07 18/07 19/07 20/07 21/07 21/07 I 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 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 01/01
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  • Page 33 Advertisements
    • 1363 33 fa Wf STRAITS SHIPPING PTE LTD 10 Hoc Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 P&& new guinea pacific line EamaakSMjimmmmtmMMMam <A SERVICE OF CHINA navigation CO> CARGO DU SAILS SUN VENTURE VOX lab. KK. Skjn. Taut In Port 24 hr FC I LCL CONTAINER AND
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    • 3298 33 SINGAPORE AGENT: IJjffjfm tlAt*C P&O Containers (Singapore Agencies) Pte Ltd v A \XV/ 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 W CR Number: **********0Z EXPORT IMPORT VESSEL VOY PNG PKG SIN SOU ANT ROT HAM COT
      3,298 words

  • Page 34 Advertisements
    • 593 34 ifA EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HTq CHI MINH CITY PAGER IHANPPHONE/DIHECT HtMRV HOC 21KW24 727MM/5MiiW4 J .-Mvm_saiAN 2ik>«2s HHmwan MANOJ 21«0>25 1M***** TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE CENTER-POINT MM* 7 LINES ttSSEI HOY ItTASPOM HOT ItMHCMt *3 »MGU iUS_JSJS 2ttL_ JSJS Ml
      593 words
    • 1884 34 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FMVSI ■UK Ml S■ M M FWt iSL SM |UME HAUL M lIM NYC HANJIN VANCOUVER 0171 24 6 WttCT 15/7 16/7 HANJIN VANCOUVER 017E 24 6 H POST LAIC 006E 21/7 M/ 7 31/7
      1,884 words
    • 256 34 r m EVERGREEN 1 Ful/ Confj/ntY Serv/cc X Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) g Round-The-World West Bound (FE/EURO/USEC/C ARIB/FE) I US WEST COAST/PNW SERVICE I FAR EAST/RED SEA/MEDITERRANEAN I OUTBOUND MED/RED SEA/F.E. 1 FAR EAST/ SRI LANKA/ INDIA/ PAKISTAN/ FAR EAST S OUTBOUND INBOUND RTW SHIPPING (S) PTE LTD MSIA Agents:
      256 words

  • Page 35 Advertisements
    • 2580 35 II II 'OOCL HOPE 32W' ETA SGP 25/06/94 II II II ETA RDM 11/07/94, FLX 12/07/94, II II |l BRE 14/07/94, LEH 16/07/94 EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST USEC CANADA VESSEL VOY ±&P LOS OAK VAN SET \TI <( Ill: l!H l> II
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    • 1230 35 A MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 A BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
      1,230 words

  • Page 36 Advertisements
    • 1098 36 —ft AS AGENTS: "IT LINE (SINGAPORE) PTE LTD (CS NO: **********0M/GST REG NO: M 2 *****99-0 TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I MALAYSIA K" LINE MARITIME (MALAYSIA) SON BHD U B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUTINTERNUSA, TEL: JKT
      1,098 words
    • 243 36 I {Continental Pacific I Shipping £Jj TIMBER PLYWOOD SERVICE I TO U.K./CONTINENT I KKU SPORE PK LOADING FOR WORLD ARGUS SID SLD SID FLU/ROT/ANT/UK/ BELFAST FLAG TOM 28/6 2/7 FLU/ROT/ANT/UK MARIA K 7/7 11/7 14/7 FLU/ROT/ANT/UK Loads Sab ah/Indonesia C R NO **********0H CONTIPAC SHIPPING PTE LTD T*l: *****32 Fax:
      243 words
    • 274 36 foowg sun V SHIPPING (PTE) LTD. WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOKING/ENCUIRIES CR NO: **********0W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP VESSEL TOY EJA ETD jßfflOTg SUN MY 7/94 27/6 29/6 PtMJU PAIEMBANG NEE DIAK I 8/94 28/6 30/6 PONTIANAK/SHTETE GULF DAOUD 9/94 2/7 4/7
      274 words
    • 805 36 @APPENSHIP /Of HAMBURG V#V CONVENTIONAL INDEPENDENT LINER SERVICE I EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE LOADING FOR ECUADOR HAM 22/05 SPORE 26/06 BASMA ANTW 28/05 SPORE 26/06 KOALA CONTAINER LINE 1 SPORE FLX HAM RTM LEH CS TAHITI 460! 24/06 20/07 21/07 22/07 24/07
      805 words
    • 389 36 GOLDEN LINETN \C(a GUAN GUAN SHIPPING I\j>sX\ (PTE) LTD w 23, T<M Apr Stretl SMCAFORE 0104 TU *****41 (10 IMS) Fu: *****04 <C* No 1012S*****0H) ITKAITI/HMIAII CULT UKTICE Spore P Kelang Penan| GOIDEN HMVtSI Karachi /Dubai/ Kuwait 9 Juty GOIKN SIM Karachi, Dubai Kuwait 20/22 My CHINA »WIC» GOIOtN MONK
      389 words

  • Page 37 Advertisements
    • 951 37 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 1 SSSSsS 140 Cecil Street 03 P,L Building, Singapore 0106. I MnanSfliS CR NO **********0E I VESSEL VOY SIN CMS JIB JED AOJ AOE HOD PZU ASA KOTA MOAH IOHOO9 30/6 6/7 14/7 17/7 18/7 14/7 19/7 22/7 KOTA BE RANI BRNOOS 10/7 15/7
      951 words
    • 1019 37 WSStIS HOT S* Lt M«m HAJuBURG IHAXS HOIUKOMH AMTWUtP Witt Dt lITANA TO4W 24/Ot 14/07 16/07 17/07 11/07 20/07 Wit DC TUCAHA UO4W 25/06 20/07 22/07 23/07 24/07 26/07 nil K in* 104* 05/07 27/07 20/07 30/07 31/07 02 01 VILE OC CAAHA CO4W _12 03/01 05'01 06/00 07/01 09/01
      1,019 words
    • 567 37 I BSfl it. 'Mt MYANMA mik FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIj Pen P Gd| HP* AN V2O3W 23/25 tun AVA 12(W 23/27 tun 29/29 Jun 30/2 M 22/24 Jun MERGW VI24W 6/7 M SAGAING V3SW 10/12 Jul 13/15 lul 16/20 «u< MALATSIA
      567 words



  • Page 40 Advertisements
    • 2095 40 s east co4sr| V fljV V Mj new york I I water direct 1 Singapore j General Agents: COSTAR SHIPPING PTE LTD I" <*•"•"* i** I**1** Sales/Booking: Agency Dept: Operation Container: *****15 6 Shonton War #17 08 Container: *****41/844 Container Src l/lL* *****02 Conventional: *****46 DBS BUg Tower 2 *****
      2,095 words
    • 919 40 /iriCROATIA LINEA /^norbuli^ I Ikga (EX JUGOLINIJA) 1 NORBULK CARGO SERVICES LTD. 1 I I REGULAR CONVENTIONAL I WKMSSffffi TIMBER AND PLYWOOD SERVICES VESSEL STORE PK PNG LOAOtNG FOB RAB 2 JUL 4 UN. Aleiandna. Beirut. I SPPK LOADMG FOR I Istanbul. Trieste, Koper, I WORLD AGAMEMNON 27/6 29/6 RDM/ANT/UK
      919 words

  • Page 41 Advertisements
    • 722 41 (it FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 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/ADELAIDE 24/6 VANCOUVER 24/6 BRISBANE
      722 words
    • 1846 41 1 VESSCL I—_ 1 VESSEL VOY SIH" PEN -'"i ISBA BHUM s*? En Tu _2M_ g SEROJA 4101 Fri I 24/6 Sal 25/6 MM VESSEL SIN BKK BHATRA BHUM 35S S-j 25/6_ _[ua_ _2|/8_ KOTA SURIA BUROO7 Sun 26/6 Tua 21/1 RATHABHUM lON Thu In Pt Sun 26/6 WANA BHUM
      1,846 words

  • Page 42 Advertisements
    • 1870 42 *ABMN CONTAINER LINES, INC 2 Agents: MAC-NELB SPORE: *****22 (24 LINES) C/B No: **********0 C SIBU (084) *****9 KUCHINQ (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK
      1,870 words
    • 194 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (ID lift lift STOM rati HUANG PfNANG BIUI lAH 2 1 JO 6 loiding. to( Milr KUVftl HUOHI) 30 e loading tor Dub* WXPHN fi POOT loading Fo( Mdt* PKMfK SUM IMI ?4 6 loading Foi Mafe UMMUDH 2» 6 loading Fof
      194 words
    • 1185 42 O THONG SOON LINES PTE LTD 1 I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \y \J TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOT SPORE PEST VESSEL VOY SPORE PEST EQUATOR 111 126/4E 23 JUN
      1,185 words




  • Page 46 Advertisements
    • 31 46 XOUR LINE PTE LTD avtMi ij.rarri^tttztt—^T37Trrni^TT7TgPTi^Bß ■rr^rrr:^Mß^^S^^SS>A:ii!::mm: ill: WEZZM 17UTj: L l i!e!i!l.:i>'lJi!;!aM;HitW?Bß'mi?fJJ:l^m/i?.-t^.lgg M'iMill.ilHil»!'' j y ii' mm v.•.' J*' Ij 11 1 rfl tß> T ,f> HEZHZ MUM m7TT!T7TT^^H^FrTTTT^BBE^n!r^^BBrmrT^rT^BIKTrTWT77TB BSSSC^^Bi^ESS^BSvSSSI
      31 words
  • Page 46 Miscellaneous
    • 706 46 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.7 2.2 1.5 1.0 06 0 3 0.3 0 5 1.0 1.6 2.2 2.5 2.5 2.4 20 1.5 1.1
      706 words

  • Page 47 Advertisements
    • 841 47 A HYUNDAI I MERCHANT MARIWECfrLIi). WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PCO* VESSELS VOY SIN RTM AWT* LEH* HAM BREt FEL 22/06 24/06 25/06 H. FRONTIER 31 IK* 27/06 15/07 17/07 18/07 17/07 17/07 19/07 29/06 01/07 02/07 SI FREEDOM 31IK* 04/07 23/07 25/07 26/07 25/07 25/07 27/07 06/07
      841 words
    • 430 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS WtSSCL VOt SP PK KUC KK (Ml) ASIAN SIM 151 27/1 25 S 1/7 ASIAN QUEEN 4 30/« 2/1 SEKI KOCHI M 29/% 34/ 7 <r*G> TANAJNG fMAS 12 3/7 1/7 7/7 12/7 SEMI NAGOTA J2 9/7 11/7 KEBHUN 30 9/7
      430 words
    • 1033 47 VESSEL 1 VOY SIN ETA/P I LAX I OAK I CH [DAL MEM/COL HOU I NYC I NOR GEORGE WASHINGTON BRIOGE 79A 30/06 17/07 19/07 22/07 22/07 23/07 22/07 24/07 24/07 ALLIGATOR PRIOE 52A 07/07 24/07 26/07 27/07 28/07 2S/07 29/07 29/07 30/07 HENRY HUOSON BRIOGE 76A 14/07 31/07 02/QS
      1,033 words

  • Page 48 Advertisements