The Business Times, 12 July 1994

Total Pages: 49
1 49 The Business Times
  • 13 1 BUSINESS TIMES MITA(P) 010/12/93 Tuesday July 12 1994 J WE KNOW ASIA 15"
    13 words
  • 2am LATEST
    • 43 1 Bloomberg Business News MADRID Construction firms Cubiertas y Mzov SA and Entrecanales have won a contract to build the Kowloon Metro station in Hongkong at a total cost of U552,534 billion (SS3.B billion). Construction begins in September.
      Bloomberg Business News  -  43 words
    • 40 1 Reuter LONDON Individual US investors who hold equity portfolios are showing a sharper interest in South Africa after the lifting of economic sanctions, said a poll commissioned by Citibank and released yesterday. Reuter
      Reuter  -  40 words
  • 159 1 Stock narfcet indices Monday Change STII 2,151.25 -11.69 K.LSE Comp 988.88 +1.10 Nikkei 20,473.09 -53.42 Hang Seng 8,394.94 -38.02 SET Index 1,278.31 -8.97 Jakarta Comp 450.45 -1.75 CLSA China B 999.49 -2.71 Aust All Ord 1,961.2 -3.7 FTSE 100 2,983.8 +21.4 Monday Previous 2pm dose Dow Jones 3,685.50
    159 words
  • 69 1 Clinton rules out lowering to boost US exports Bloomberg Business News AP BONN President Bill Clinton said he would not encourage a low dollar to boost US exports, but the dollar took a new dive anyway yesterday. Mr Clinton on a twoday visit to Germany was asked about the dollar's
    Bloomberg Business News; AP  -  69 words
  • 443 1  -  By Agnes Chen SINGAPORE From next Monday, bids for shares trading above $25 may be raised or lowered by 10 cents each time instead of the current 50-cent minimum, broking firms were informed in a Stock Exchange of
    443 words
  • 375 1  -  From Loh Hui Yin in BANGKOK AFTER ringing up strong sales and gaining experience at home, Thailand's telecommunications firms are trooping overseas in search of new markets. Their latest target is the huge Indonesian market, where use of telecommunications is still low compared with other
    375 words
  • 414 1 Bloomberg Business News Reuter NEW YORK The dollar tumbled 2.5 per cent against the Deutschemark and fell to a post-World War II low against the yen after leaders of the Group of Seven industrialised nations offered no plans to stabilise the US
    Bloomberg Business News; Reuter  -  414 words
  • 89 1 Reuter NEW YORK Wall Street stocks fell in midday trading yesterday amid continued weakness in the dollar, which fell to new lows against the yen and the German mark. However, analysts said that both the stock and bond markets were holding up well considering the currency's
    Reuter  -  89 words
  • 348 1 Reuter MANILA Asia's stock markets must clean up their act if they are to stand a chance to compete in the global quest for investment funds, delegates to a regional conference said yesterday. The countries that succeed in the quest
    Reuter  -  348 words
  • 498 1  -  By Chuang Peck Ming SINGAPORE State-owned Singapore Technologies Venture and home-grown Wywy group have parted company in their venture to operate theme parks and amusement centres in the region. STV, one of the five arms of Singapore Technologies Holdings, is selling
    498 words
  • 253 1 SINGAPORE Weighed down by nagging interest rate worries and concerns after the death of North Korean leader Kim II Sung. Asian stocks finished mostly lower yesterday. In Tokyo, share prices fell for the fourth consecutive session with the benchmark Nikkei Stock
    Source: Bridge Info  -  253 words
  • Page 1 Advertisements
    • 223 1 ALPIN 1 FRESH WplrOk- EXTRA >4STRONG REFRESHING Soli Agent: Shriro (Singapore) Pie. Ltd. jf.^COWflWTg! STp«?News 2 SS*i;,l,l9 Regional News 3.4.5 Financial 22.23 World News 7.8 Fiitwfs MaiMs Analysis 15 Oob/KLS£. SES 2fr2B Editorial 14 Regional 24 Sports 9 World .25 IV/Lrtestyte 11 Currencies 22 Regional Focus 6 Simex/Commo ...22.23 SMfcicriftloii
      223 words
    • 8 1 Property: p* n A rail headache for Thais
      8 words
    • 9 1 Hock Lock Siew: Pg n Sabah politics and timber
      9 words
    • 49 1 The Bottom Line: Intra-Asean trade is^tiive UI PEARLS so invigorating you'll never miss chewing Sols Agent: Shriro (Singapore) Pte. Ltd. Regional market reports, Pgs 24-28 York Pacific IPO draws good response, Page 17 /gggjMMSrag^ t> A T T V Takoshlmdya Dept Store. 391 Orchard Road. Telf7 JD TVi mt
      49 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 355 2  -  By Abdul Hadhi DEMAND for office space remains strong, judging by figures published by stockbroking firm Vickers Ballas in its latest review of the local office scene. Excluding the four million sq ft of old shophouses and HDB shops released by statutory authorities, demand
        Source: Vickers Ballas  -  355 words
    • 179 2 BUSINESSES will be able to link up with regional contacts more easily when the Confed--1 eration of Asia Pacific Chambers of Commerce Industry (CACCI) introduces a kind of computerised Yellow Pages by year-end. The new database, called Trade Match, will use CD-ROM technology to store
      179 words
    • 354 2  -  By Ramesh Divyanathan THE COURT of Appeal, Singapore's highest judicial body, was not bound by its previous decisions or those of the Privy Council, Chief Justice Yong Pung How said in a practice statement yesterday. He said that with the abolition of
      354 words
    • 548 2  -  By Soh Tiang Keng BANKS are enjoying a boom in their lending business as a result of the sale of Housing and Development shops to sitting tenants. Since the HDB shop sale programme was launched two years ago, a few thousand
      548 words
    • 246 2 SINGAPORE-BASED Bintan Resort Ferries (BRF) will launch in September the first scheduled ferry service between Singapore and Indonesia's Bintan Resort. This new joint venture company, owned by PT Bintan Resort Corporation, Jurong Marine Services Pte Ltd and Kvaerner
      246 words
    • 384 2  -  By Teh Hooi Ling A SINGAPORE start-up company, helped by Sisir, has developed two pager products that will soon be competing with big players like Motorola and NEC in the China market. Silicon Research, set up in June last year
      384 words
  • Page 2 Advertisements
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    • 395 2 I B3 I I CHUAN HUP HOLDINGS LIMITED I I IMPORTANT REMINDER I I To Holders of Chuan Hup Transferable Subscription Rights 1994 fTSRs") I I SUSPENSION OF TRADING ON THE STOCK EXCHANGE OF SINGAPORE LIMITED f SES") I I The last day for trading in the TSRs on the
      395 words
    • 244 2 NOW MEN CAN HAVE GREAT LOOKMGSKIN Ttiere was such an overwhelming response to our previous "Save Your Skin Week" Promotion we're now holding another for male executives who want to look great. Now, with the advances made in skin care from Men's Skin Center, it is possible to diminish the
      244 words

  • SOUTH-EAST ASIA
    • 424 3 Bernama MBT KUALA LUMPUR A consortium set up by three private companies to run Malaysia's first and only cable television service on a joint-venture basis with Radio Television Malaysia (RTM) has won a licence to handle the Satellite Network Services (SNS). Information Minister
      Bernama; MBT  -  424 words
    • 410 3 MBT KUALA LUMPUR The Domestic Investment Initiative, despite being just a year old, is paying off as the ratio of domestic to foreign investments, for the first five months of this year, has more than met the government's overall 60:40 target. For the first
      MBT; Source: MBT  -  410 words
    • 294 3  -  By Harish Mehta SINGAPORE Just four days after being branded outlaws, the Khmer Rouge guerillas yesterday declared a parallel government in Cambodia and named its nominal leader, Khieu Samphan, Prime Minister. A Khmer Rouge radio broadcast monitored in Phnom Penh said the decision to
      294 words
    • NOTE BOOK
      • 93 3 Bernama-Xinhua BANGKOK Thai Foreign Minister Prasong Soonsiri said his ministry is considering tough action against the Japanese Asahi Shimbun daily for a report alleging that Thais were involved in the Cambodian coup last week. The action could include banning its journalists from reporting from Thailand,
        Bernama-Xinhua  -  93 words
      • 69 3 Bernama KUALA LUMPUR Malaysia has made headway in penetrating new markets for trade among South countries such as Mexico, Chile, Venezuela, Fiji, China and Papua New Guinea. Buletin Dagang. a newsletter published by the Malaysian External Trade Development Corporation, said that from a relatively low
        Bernama  -  69 words
      • 61 3 UPI MANILA Effective regulation is crucial to strengthening investor confidence in the volatile emerging securities markets of the Asia-Pacific region, Asian Development Bank president Mitsuo Sato said yesterday. During the opening of the ADB's Asia-Pacific forum on securities market regulation and supervision, Mr Sato
        UPI  -  61 words
      • 85 3 Reuter MANILA The World Bank said yesterday that the Philippines' balance of payments forecasts for the next three years appear to be too optimistic. The bank said the difference between foreign exchange outflows and inflows may rise to US$l.l billion (SSI.6 billion) in 1995, US$l.9
        Reuter  -  85 words
      • 73 3 Bloomberg Business News HANOI Vietnam will strive to reduce its population growth rate to 2.3 per cent by 1995, the Vietnam News reported yesterday. The State Committee of Population and Family Planning told a meeting on Saturday that the country's birth rate was falling
        Bloomberg Business News  -  73 words
    • 209 3 Reuter KUALA LUMPUR Malaysia's biggest gaming group, facing complaints from Philippine officials, has sold its controlling stake in a casino at the former US naval base at Subic Bay. The Genting group, which runs Malaysia's only legal casino, yesterday said it sold
      Reuter  -  209 words
  • Page 3 Advertisements
    • 36 3 Cambodia: The enemies within, Pg 14 your to new H France our fully you can take for or for your or as your the Europe from What's France guarantees to the For Marc France Telecom H
      36 words

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 87 4 Xinhua FUZHOU Quan/.hou. an ancient city in Fujian province, in south-cast China, is poised to become a leading tourist attraction as overseas investors flock to it. pouring in huge amounts of money into this booming sector. According to a local official yesterday, the city
        Xinhua  -  87 words
      • 74 4 Xinhua SHANGHAI Cultural and scientific exchanges between Shanghai. China's largest economic centre, and laiwan are increasing. There were 153 two-way exchanges in the first six months of this year, a rise of 20 per cent over the same period last year, a municipal government official
        Xinhua  -  74 words
      • 110 4 Reuter JAKARTA China wants a peaceful solution to competing claims for sovereignty over the Spratly islands in the South China Sea. Indonesian Armed Forces Commander General Feisal Tanjung said yesterday. Brunei, China. Malaysia, the Philippines. Taiwan and Vietnam claim all or some of the
        Reuter  -  110 words
      • 81 4 AP TAIPEI Taiwan has successfully tested an advanced air-to-air missile, the air force reported yesterday. The middle-range Sky Sword II is an improved version of the Sky Sword 1 missile developed in 1987 and now installed in its fighter planes. The air Jerce refused to provide
        AP  -  81 words
      • 91 4 Reuter ;&EIJING Amoco Orient Petroleum Co said yesterday that •fcpntracts totalling US$79 million have been signed for its project ;to develop the Liuhua oilfield in the South China Sea. It said its •partners in the US$65O million Liuhua project are China Off- Shore Oil
        Reuter  -  91 words
    • 319 4 UPI "BEIJING China yesterday jfemmed its new rich for their jeonspicuous consumption of jmported luxury cognacs while the country's 80 million poor survive on wild roots and do jK>t have adequate clothing. Some 64 per cent of the "world's expensive cognacs
      UPI  -  319 words
    • 535 4 Eastern Express HONGKONG \ngrv legislators have criticised Lu Ping, the director of the Hongkong and Macau Affairs Office, for attacking the Hongkong government's measures to curb property prices. Mr Lu said last Saturday that the government's measures supplied "too much land",
      Eastern Express  -  535 words
    • 52 4 AFP TAIPEI A huge uprooted tree resting on a car parked on a roadside here yesterday. Typhoon Tim, with a maximum wind speed of 185 km per hour lashed Taiwan on Sunday, killing 10 people and injuring 40. The damage cost more than NTSSOO million (5528.3
      AFP  -  52 words
    • 329 4 AP AFP BEIJING China's trade deficit shrank to US$B2O million (551.24 billion) in this year's first half as exports grew nearly 10 percentage points faster than imports. An official report yesterday said China's six-month trade deficit was well below the U553.54 billion deficit
      AP; AFP  -  329 words
    • 387 4 Reuter HONGKONG Hopes that British and Chinese experts will clineh a long-awaited agreement on the funding of Hongkong's new airport were dented when one of China's top officials in the British colony yesterday said substantive problems remained. "As to how long before
      Reuter  -  387 words
    • 260 4 Reuter TAIPEI Taiwan, trying to end an infamous tradition of vote-buying, said yesterday it would intensify a crackdown on election bribery before Saturday's local government polls. "Saturday's elections are very important for many other elections in the future. We will launch intensive
      Reuter  -  260 words
    • 411 4 Bloomberg Business News BEIJING China has launched a nine-month oil industry crackdown that will try to end profiteering in the distribution system, the official Economic Information Daily reports. The State Economics and Trade Commission and the State Administration of Industry and Commerce
      Bloomberg Business News  -  411 words
  • Page 4 Advertisements
    • 77 4 I H t% I MA PU c I #1 I I l if t t I I <r I II </ -S x I ll 1 Z*Z H *> <, I I V tM H Z'Z I I Jakarta Ho Chi Minh Ciry due to open late 1994 I (WORLDWIDE
      77 words

  • REST OF ASIA
    • 373 5 Effort by Asia-Pacific grouping can force EU back to negotiating table, says Aussie leader Reuter CANBERRA Asia-Pacific countries should lead the world in freeing trade and push trade liberalisation measures through the Asia-Pacific Economic Cooperation forum (Apec), said Australian Prime Minister Paul
      Reuter  -  373 words
    • 393 5 Reuter SYDNEY The Australian economy is on a fast-growth and low inflation track with inflationary pressures to remain held down over the short-term by excess capacity, said US investment firm Goldman Sachs Co. "Australia is still on a fastgrowth and
      Reuter  -  393 words
    • 339 5 Knight-Rid-der TOKYO The Bank of Japan is starting to feel worried about the risk of an economic downturn because of the mounting possibility that the high yen could reverse the nascent recovery. However, the BOJ has not decided whether to
      Knight-Ridder; Reuter  -  339 words
    • 283 5 BernamaKyodo TOKYO Japan's giant trading houses are looking towards oil and natural gas development in Asia high-risk, high-return projects they have long shunned away from, ihdustry officials said yesterday. The development signals a departure from their long-standing oil strategy of trading
      Bernama- Kyodo  -  283 words
    • ASIA NOTES
      • 93 5 Reuter SYDNLY Australian credit, as measured by intermediaries' lending to the private sector, rose 0.9 per cent in May, seasonally adjusted, after rising 0.8 per cent in April, the Reserve Bank said yesterday. Year-on-year. credit rose 6.3 per cent, the central bank said. Seasonally-adjusted
        Reuter  -  93 words
      • 110 5 Reuter SBOUL A Seoul High Court yesterday suspended a three-year jail term for embezzlement and election fraud imposed on Chung Ju Yung, founder of South Korea's mammoth Hyundai Group, officials said. "Chung received a three-year jail sentence, suspended for four years." a court official said.
        Reuter  -  110 words
      • 114 5 AFP HANOI North Korea has begun exporting its mastery at personality cults, selling USS3OO.(XX) (*****.000) worth of statues of Laos' late president Kaysone Phomvihane for memorials to be built across the impoverished South-east Asian country, a report said yesterday. Laos has bought 275
        AFP  -  114 words
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  • REGIONAL FOCUS
    • 915 6  -  By Anthony Rowley in TOKYO THE word that best describes Japan's attitude towards its post-war defenee policy and towards its war-renouncing constitution is "ambivalence". The recently completed report by an expert panel on the future shape of the nation's defence policy
      915 words
    • 601 6 Asahi News Service TOKYO Japan looks set to benefit from China's expected relaxation of a ban on foreign investment in telecommunications services. The Chinese government plans to install 140 million telephone lines by the end of the century, up from
      Asahi News Service  -  601 words
  • Page 6 Advertisements
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      165 words
    • 54 6 Business in Russia goes better by AEROFLOT jjHjT" AEROFLOT International airlines 25 YEARS OF FLYING SERVICE TO SINGAPORE 15 Queen Street, #01-02/02-00, Tan Chong Tower, Singapore 0718. Tel: 336 1757 Fax: 337 6352 Kuala Lumpur Tel: 261 3331 Bangkok Tel: 251 0617/8 Jakarta Tel: 570 2184/5 Sydney Tel: 233 7911
      54 words

  • THE WORLD
    • 380 7 AP WASHINGTON The nation's economic competitiveness is improving but remains under threat, particularly by persistent weakness in elementary and secondary education, says a survey of business, labour and academic leaders. The Council on Competitiveness yesterday said that while there had been
      AP  -  380 words
    • 252 7 FT LONDON The European Commission is expected to show its determination to speed up the liberalisation of Europe's telecommunications industry by forcing through legislation that will let mobile telecoms operators build their own networks. Buoyed by the support for plans for
      FT  -  252 words
    • 426 7 Reuter BONN US President Bill Clinton yesterday declared Germany to be a cornerstone of American policy in Europe and urged Bonn to help Washington solve problems both on the Continent and elsewhere in the world. Calling their partnership unique, he said the
      Reuter  -  426 words
    • WORLD WATCH
      • 91 7 Reuter BASLE. Switzerland Swiss Bank Corporation (SBC) confirmed one of its securities dealers in London has been arrested in connection with an alleged fraud. A hank spokesman confirmed a report in the British newspaper. Sunday limes, which said the dealer had been charged and
        Reuter  -  91 words
      • 79 7 Bloomberg Business News LONDON Input prices, paid by manufacturers for raw materials and luel. rose 0.8 per cent in June after adjusting for seasonal variations, the Central Statistical Office said yesterday. British non-adjusted producer output prices, a key inflation indicator measuring the cost
        Bloomberg Business News  -  79 words
      • 93 7 Bloomberg Business News LONDON Ihe majority of UK public sector employees settled for pay rises of between 2.5 and 3 per cent, according to a survey, the Financial limes reported yesterday. The survey, conducted by Income Data Services, said opening offers of 1.75
        Bloomberg Business News  -  93 words
      • 65 7 AFP OTTAWA A plan to sell aircraft furnished with sophisticated spy equipment to China is being studied by the Canadian government. a television network reported yesterday The CTV network, citing government documents which it said it had obtained, said the proposed deal envisages
        AFP  -  65 words
    • 183 7 Reuter BRUSSELS European Union finance ministers, vowing to put their economies in order, yesterday approved guidelines to help create a single European currency by the end of this century The guidelines already agreed in principle by the EU summit in Corfu two
      Reuter  -  183 words
    • 472 8 Luxembourg PM Jacques Santer leads with backing from Germany FT LONDON The contest to succeed Jacques Delors as president of the European Commission has narrowed to three candidates led by Jacques Santer, long-serving Prime Minister of Luxembourg. Mr Santer,
      FT  -  472 words
    • 346 8 Reuter LONDON British Prime Minister John Major returned from the Naples summit late on Sunday to face a barrage of publicity about the professional conduct of three of his Conservative party members. He arrived for the three-day G-7 summit
      Reuter  -  346 words
    • Article, Illustration
      32 8 Reuter NKGKV DESERT, Israel Israeli soldiers in gas masks carrying a platoon mate on a stretcher during an exercise last week here. The exercise included sections on chemical warfare. Reuter
      Reuter  -  32 words
    • 579 8 But many remain in Berlin, angry and bitter NYT BERLIN The group of slightly shabby retirees chatting outside a library in eastern Berlin one recent afternoon hardly looked like former members of an international elite, comfortable with power and at ease
      NYT  -  579 words
    • 454 8 NYT BELGRADE, Yugoslavia Manoeuvring to bring an end to trade sanctions against his country. President Slobodan Milosevic of Serbia has opened a campaign to discredit his erstwhile ally, the leader of the Bosnian Serbs. Radovan Karadzic. The apparent aim is to force Mr
      NYT  -  454 words
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    • 234 7 f|4 Give Yourself A Little Extra Time Between Appointments. m Because when you stay at Amara fIHH 801 s 001 a A! frura we underthere's no need to rush for the MRT or ShV stand how the stress of today's business -A stand in a queue for a cab. You
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  • Page 8 Advertisements
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  • SPORTS
    • 41 9 Reuter TRELISSAC, France The Tour de France seemed to have taken a detour into one of Vincent van Gogh's canvasses on Sunday. During the eighth stage, cyclists crossed through fields of sunflowers between Poitiers and Trelissac.
      Reuter  -  41 words
    • 587 9 World Cup finals AP NEW YORK Suddenly, the World Cup has a baffling look. Bulgaria and Sweden are in the semi-finals, and defending champion Germany is gone, banished by the Bulgarians in a stunner on Sunday that will rank as one of the great
      AP; Reuter  -  587 words
    • 440 9  -  By Shahiron Sahari SINGAPORE A psychic with absolutely no knowledge of soccer predicted before the tournament that a team wearing orange would win the World Cup. Everybody naturally thought of the bright orange of two-time finalist, the Netherlands. But it could well be the reddish-orange-clad
      440 words
    • 785 9  -  Giant-killers from eastern Europe show the power of money on the road to the Cup, says George Vecsey George Vecsey NYT EAST RUTHERFORD. New Jersey The road to the World Cup championship goes through Western Europe. It blasts down the Autobahn through Germany, makes
      NYT  -  785 words
    • 680 9 British Open Golf NYT TURNBERRY, Scotland There is not one Turnberry. There are two, three, perhaps even four Turnberrys. Now fair, now foul, now warm, now cold, the climate and mood on the stark north-west coast of Scotland change more often than in
      NYT  -  680 words
    • 465 9 AFP PITTSBURGH Baseball has never seen anything quite like this season. Realignment into three divisions has kept more teams in play-off contention, while Ken Griffey and several others contend for individual records in a season filled with surprises and oddities. Even threats of a
      AFP  -  465 words
    • SPORT SHORTS
      • Article, Illustration
        330 9 AP AFP AP AFP DHAKA If a Bangladesh court has its way. Fifa president Joao Havalcngc would appear to answer chargcs of causing mental anguish for debarring Argentina's fallen star Diego Maradona from the World Cup. A lower court on Sunday summoned Havalcngc to reply to a suit
        AP; AFP  -  330 words
      • Article, Illustration
        73 9 NEW YORK Major I .eagre on Sunday American: Boston 9 Seattle f; Detroit 6 Texas 5; Baltimore 4 Oakland 5: NY 6 California 9; Toronto 7 Kansas City 3: Milwaukee 2 Chicago 7; Minnesota 1 Cleveland 9. National: Atlanta I St Louis 6; Cincinnati 6 Pittsburgh 7 (in II):
        73 words
      • Article, Illustration
        237 9 AP SYLVANIA, Ohio Kim Williams says she didn't do anything hcroic by playing a golf tournament with a bullet in her ribcagc. Williams finished tied for 10th in the LPGA Jamie Farr Classic on Sunday. eight days after being shot while entering a drug store. The bullet remains deeply
        AP  -  237 words
      • Article, Illustration
        101 9 AFP GSI'AAD, Switzerland L *****,000 Swiss Open final on Sundav Scrgi Brugucra (Spn xl) b Guy Forget (Fra) 3-6 7-5 6-2 6-1. NEWPORT, Rhode Island *****0.000 ATP International Hall of Fame Classic final on Sunda): David Whcaton (US) b Todd Woodbridgc (Aust) 6-4 3-6 7-6 (7/5). PARIS Over one
        AFP  -  101 words

  • Page 10 Advertisements
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      1,312 words

  • LIFESTYLE
    • 790 11  -  William Grimes finds out what goes into the making of a fiery Hollywood explosion William Grimes IHT IN HOLLYWOOD, the big-bang theory works like this: When in doubt, blow it up. If doubts persist, blow it up again, only bigger. This summer has served up a rich pyrotechnic
      IHT  -  790 words
    • 654 11 The Nobel prize-winning writers unfinished work hits France's best-seller list AP IT WAS a bone-chilling, drizzly afternoon in January 1960 when the sports car carrying Albert Camus skidded out of control and crashed into a row of trees. The winner of the 1957 Nobel Prize for literature was
      AP  -  654 words
    • 403 11 CHATTERBOX UPI UPI AP AP AMERICA'S most beloved and trusted TV newsman has some harsh criticism for the current crop of broadcast journalists. In an interview with bestselling author Richard Reeves published in the latest issue of AVu Choices, Walter Cronkite says he's dismayed by
      UPI; AP; – AP  -  403 words
  • Page 11 Miscellaneous
    • 1370 11 TV RADIO Dead Calm, 11pm, SBC 5 j?jfl Nicole V. Kidman arc on yacht PWstricken vessel. %>4ttT <■■ soning. hut when Ncill goes on m Wt V board, he finds it sinking. j| while his boat. wife, dog and V IF Zane sail away. This 1988 Aus- I fi tralian
      1,370 words

  • PROPERTY & CONSTRUCTION
    • 814 12  -  The Thai government's indecision over the country's mass transit projects is putting builders in a spot. Alan Boyd reports from Bangkok Alan Boyd The writer is a Bangkok-based journalist who contributes to BT DELAYS in finalising Bangkok's mass transit projects have sent a shudder through
      814 words
    • 248 12 Encouraged by strong interest among Singaporean manufacturers, Malaysian developer Redztizan will offer the second phase of its Seri Sulong Industrial Park in Johor this week. The factory project, on freehold industrial land about 24 km from Batu Pahat, is aimed
      248 words
    • 235 12 Selected transections in the pest week Dttfrtet ProfM* Typt #nur PWVATI Jul 4,1994 2879 JhTaiPiring Cor terrace 1300(1800) 999 882,000 480 Jul 4,1994 2057 Thomson View Condo *Condo 3850 99 1,080,000 280 Jul5.1994 1542 Joo Chiat Plaoe Townhouse 2300(1900) FH 980,000 515 Jul5,1994 1543 Viewpoint Condo Condo 1313
      235 words
    • 509 13  -  Abdul Hadhi looks at a URA survey on HDB residents who upgraded to private property Abdul Hadhi THK number of HDB residents upgrading to private property readied 13.2 per eent last year. Of the 20.467 who sold their HDB flats in 1993. 2.705
      509 words
    • 333 13  -  Pontiac Marina Pte Ltd has renamed its $1.65 million project at Marina Centre. A J Leow reports A J Leow PONTIAC Marina Pte Ltd has renamed its landmark project at Marina Centre the Millenia Singapore. The name Millenia, adapted from the word
      333 words
  • Page 12 Advertisements
    • 539 12 !Mj METRO METRO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at the Mandarin Hotel Singapore, Mandarin Court (4th Floor, Main Wing), 333 Orchard Road, Singapore 0923 on Friday,
      539 words
    • 426 12 ■■■■■■■TRANSMARCO TRANSMARCO LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING N OTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Mandarin Hotel Singapore, Mandarin Room (4th Floor, Main Wing), 333 Orchard Road, Singapore 0923 on Friday, 29 July
      426 words
    • 21 12 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ To advoiliie your Apooirrtments fkl ni n n or notices, 1-800-741-1883 pTh« StrmiUTL—]
      21 words

  • Page 13 Advertisements
    • 104 13 FREEHOLD Shopping Centre with land for further development Highly in demand, this suburban shopping ccntre is strategically located near a large housing estate. Yield is very promising and capital gains, excellent. For listed public companies, payment in part or full by newly issued shares may be considered. 4 storey shopping
      104 words
    • 275 13 rinr CHOOSING SINGAPORE INSTITUTE OF SURVEYORS VALUERS Be a Qualified Real Estate Agent fARFFR The Real Estate Agency Course aims to train estate agents as well as upgrade the present IN standard of agency practice in Singapore. The course consists of 5 parts, each part comprising 8 lectures held once
      275 words

  • 533 14 EDITORIAL TWO EVENTS in Cambodia in the past week have shown that Cambodians are their own worst enemies. Yesterday. Khmer Rouge guerillas declared a parallel government in Cambodia with its nominal leader Khieu Samphan as prime minister. And earlier, on July 2, maverick rebels tried to
    533 words
  • WHAT THE OTHERS SAY
    • 217 14 IN THE immediate aftermath of North Korean President Kim II Sung's death, it appears that his son, Kim Jong II, will take charge. He has been groomed for succession by his charismatic father, who enjoyed a measure of popular support because of his nationalist and anti-imperialist
      217 words
    • 170 14 AS A small nation, Singapore might be seen as too vocal in expressing its concern over the proposed "social clause" in the newly-formed World Trade Organisation (WTO). After the issue was raised by Mr Goh Chee Wee in last month's ILO conference, the same concern was
      170 words
    • 146 14 KIM IL SUNG did much for his son, Kim Jong II, the heir-apparent, but a resurgence of power struggles in the North Korean top leadership is a possibility that cannot be ruled out. As North Korea is a "closed country", one can only guess how
      146 words
    • 165 14 IF THE GOVERNMENT cannot raise the required amount in development funds through the CGI (Consultative Group on Indonesia) or other channels, the private sector's burden will have to be increased. Otherwise, Indonesia will not be able to sustain the required average annual economic growth of more than
      165 words
    • 161 14 THE RECENT unwelcome return to the spotlight of American football legend OJ Simpson is more than a bizarre and tragic personal episode; it is a display of voyeurism, American style, of an ugliness hitherto unseen. Far more than telling the world anything that is anybody's business
      161 words
    • 200 14 IT IS HEARTENING to note that the US Trade Representative (USTR) has announced that, unlike in the past, the US has not removed any country from GSP eligibility over alleged failure to accord internationally recognised workers' rights. This shows that Malaysia, with a petition hanging over its head,
      200 words
  • 817 14  -  Guy de Jonquieres says governments are erring in being overly fascinated by information technology and giving it preferential treatment indiscriminately Guy de Jonquieres FT A FEW years ago. a senior Eurocrat lectured me on why Europe's future hinged on information technology IT was so
    — FT  -  817 words
  • Page 14 Advertisements
    • 105 14 uJ i> _..IJ b'j/v, v '.Ht r I I* I k I M J V 1.1 I fi goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in
      105 words
  • Page 14 Miscellaneous
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      84 words

  • ANALYSIS
    • 1100 15  -  Anthony Rowley found G-7 leaders in Naples unable to come to grips with pressing problems their countries face as they went over the same ground covered before. Leon I ladar says the heads of state of the large industrialised nations
      1,100 words
    • 1055 15 Remember those glorious annual economic summits, when the Cold War still roared, oil was expensive, inflation was high, governments were expected to be able to "do something" about these and other global security problems and economic crises, America was destined to lead and
      1,055 words
    • 840 15 Washington Post IF THE economic summit that concluded in Naples on Sunday was a chance for President Bill Clinton to add some shine to his image as a statesman, he left with it still in need of a good polishing. Clinton administration officials had held
      Washington Post  -  840 words
  • Page 15 Advertisements
    • 131 15 Business Meetings Can be Moments Of Magic »yAaPyjM You can have the best beach location for your conference venue, luxurious accommodation with modern amenities and shimmering blue sea and golden sands in Langkawi or Cherating. 258 seaview rooms with balconies Full conference centre for up to 200 persons One of
      131 words

  • 451 16 Reuter AP SEOUL Pyongyang has indefinitely postponed a summit between North and South Korea following the death of North Korean leader Kim II Sung, but South Korea immediately said it was ready to rearrange the meeting. "Despite the death of President
    Reuter; AP  -  451 words
  • 274 16 AP Reuter JAKARTA Indonesia's multi-million dollar Bank Bapindo scandal widened with the start of a third trial yesterday which is expected to involve three former members of President Suharto's Cabinet. Towil Heryoto, a former boss of PT Bank Pembangunan Indonesia (Bapindo), appeared
    AP; Reuter  -  274 words
  • 403 16 Reuter LONDON Coffee prices yesterday surged almost 25 per cent to eight-and-a-half-year highs after frosts threatened to destroy up to half the Brazilian crop, the world's largest. Industry sources said retail prices were bound to rise also, with a jar of
    Reuter  -  403 words
  • 194 16 AP INDIANAPOLIS Eli Lilly and Co announced yesterday that it will acquire McKesson Corp's PCS Health Systems Inc. the United States' largest manager of prescription drug benefits, for US$4 billion (556.08 billion) in cash. The move by Lilly, one of the nation's
    AP  -  194 words
  • 889 16  -  The Bottom Line AMY BALAN AMY BALAN The writer is a BT correspondent IS Afta. the Asean Free Trade Area, a lost cause? In this column last week, economist Sree Kumar contrasted the reality versus the desire of Asean governments to create
    889 words
  • 324 16 AFP Reuter KIEV Leonid Kuchma, former premier of Ukraine, has defeated the country's head of state Leonid Kravchuk in Ukraine's presidential elections. winning more than 52 per cent of the vote. The electoral commission yesterday said that Mr Kravchuk. president since Ukraine claimed independence
    AFP; Reuter  -  324 words
  • Page 16 Advertisements
    • 18 16 Nitsuka /^l Digital keyphone Systems -J $1.50 per 100g (Not Applicable For Take-Away Order) While Stocks Last Dww
      18 words
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      142 words

  • COMPANIES & MARKETS
    • 423 17  -  By S N Vasuki SINGAPORE Malaysia's five independent power producers (IPPs) do not pose a major competitive threat to state-owned utility Tenaga Nasional Bhd because of its market dominance, low cost position and ability to invest directly in the IPPs, Moody's
      Source: Bloomberg  -  423 words
    • 378 17 SINGAPORE Trailer axle and components maker York Pacific has held its own against three other initial public offers competing for investors' funds. Prelimina|7 figures show the 8.7 million York shares available to the public have been subscribed 11.04 times. A further 2.9 million shares
      378 words
    • 127 17 SINGAPORE Sembawang Shipyard has bought a 60 per cent stake in a local air-condi-tioning firm for $4.3 million. In a statement yesterday, the shipyard said the acquisition of Pace Air-Conditioning Engineering was in line with its plan to widen its income base. Pace, set
      127 words
    • 310 17 SINGAPORE The Stock Exchange of Singapore yesterday queried Fraser Neave Ltd on its projects in Vietnam, which Business Times has reported on over the past two weeks. The SES first sought clarifications to the BT article on July 7 entitled "Vietnam puts
      310 words
    • 653 17  -  HOCK LOCK SIEW By Agnes Chen SINGAPORE Politics and timber form a powerful nexus in the East Malaysian state of Sabah. So perhaps it's only natural for some timber barons in Sahah to predict that the National Front coalition's victory in the March state
      Source: Bloomberg  -  653 words
    • 411 17  -  From Florence Chong in SYDNEY JACK CHIA-MPH Ltd is sticking to its ofTer of 85 cents a share for Players Group Ltd. despite the company's plan to merge with another company. The Singapore-based company's bid for Players has been thwarted by the
      411 words
    • EYE on your STOCKS
      • Article, Illustration
        39 17 Mixed 'Market \ltiil indicates the likely trading sentiment today. hantl on brokers /*'lletl at 5-6pm yesterday. Overnight events nun alter sentiment Hrokir\ polled llhanee. Barmg\. km Hum Ongi'o. Sonmra. Phillip. Smith \<-n Court and S(i M arhiirg.
        39 words
      • Article, Illustration
        166 17  -  By Paul Leo Kemayan Oil Palm is a medium-term buy. But there's no rush to pick up the stock at yesterday's close of 52.49. as the short-term technical factors are neutral. Investors should wait for it to retreat to between 52.26 and 2.38 before buying, as the daily
        166 words
    • COMPANIES
      • COMPANY BRIEFS
        • 133 18 Reuter KUALA LUMPUR The share price of Malakoff Bhd surged on buying by foreigners looking to include a power utility in their portfolio, brokers said. The normally quiet counter jumped 30 sen to M 56.25 on volume of 2.7 million shares. The buying was
          Reuter  -  133 words
        • 76 18 SINGAPORE Keppel Corporation Ltd said yesterday that Toh Ko Lin has been appointed executive director of Singmarine Industries Ltd with effect from yesterday. Mr Toh takes over from Leong Kang Chuen, who has assumed his new position as managing director of Keppel Cairncross Shipyard Ltd, a
          76 words
        • 80 18 SINGAPORE Venture Manufacturing Ltd said it has acquired the entire issued and paid-up share capital of investment company Cebelian Holdings Pte Ltd, comprising two ordinary shares of $1 each. Cebelian has entered into a joint-venture agreement with Esselte Gmbh of Germany to form a new company,
          80 words
        • 37 18 SINGAPORE The foreign shareholdings in the issued share capital of Oversea-Chinese Banking Corporation were 39.1 per cent at June 30, while those in the bank's warrants expiring in 1995 were 39.7 per cent.
          37 words
        • 38 18 SINGAPORE Jurgen E Schrempp, member of the management board of Daimler-Benz AG and chief executive of Deutsche Aerospace AG. has succeeded Edzard Reuter as chairman and chief executive of Daimler-Benz AG from June 29.
          38 words
        • 92 18 Knight-Ridder SINGAPORE PT Charoen Pokphand Indonesia is building a feed mill in Java with an annual capacity of 300,000 tonnes, according to the Bisnis Indonesia newspaper. Construction of the 40 billion rupiah (5527.9 million) plant will start end-1994, and it should be
          Knight-Ridder  -  92 words
        • 90 18 AFP JAKARTA Indonesian firm PT Elangperdana Tyre Industry is to set up a tyre plant in West Java with an investment of US$llO million (Ssl66 million) in cooperation with Japanese firms Kobe Steel and Itochu, a company spokesman said yesterday. Yudi Darma of PT
          AFP  -  90 words
      • 229 18 Bernama KUALA LUMPUR Property developer Sri Hartamas Corporation Bhd has embarked on an acquisition spree to expand business and meet long-term goals. Acting chairman Chong Wai Hiong said in the company's 1993 annual report that to further improve performance, the company recently acquired two international
        Bernama  -  229 words
      • 82 18 AFP HO CHI MINH CITY This modern office tower under construction behind Ho Chi Minh City's elegant colonial-era city hall has upset local people, who say it blemishes the inner city's architectural harmony. The local press has stepped up a campaign to force the
        AFP  -  82 words
      • 430 18 Bernama, MBT KUALA LUMPUR Tim-ber-based Kwong Onn Industries Bhd (KOI) has entered into a 50:50 joint venture with Queensland Cement Ltd of Australia to make and sell iron and steel slag-based products in Malaysia, Singapore and Brunei. The plant for the Msl4 million
        Bernama,; MBT  -  430 words
      • 351 18 NST KUALA LUMPUR General Lumber Fabricators Builders Bhd will link up with an Australian company for a technical assistance arrangement which will improve its production facilities, capacity and skills of its staff. The company, soon to be listed on the Kuala Lumpur Stock
        NST  -  351 words
      • 610 18 Reuter KUALA LUMPUR Malaysian share prices are unlikely to move much in the next few months as both foreign and local investors focus their attention on more compelling markets and investment ideas, brokers and analysts said yesterday. The Kuala Lumpur
        Reuter  -  610 words
      • 264 18 Bernama KUALA LUMPUR Tradewinds (M) Bhd has reported a group pre-tax profit of M 574.45 million (5543.47 million) for the year ended Jan 31, 1994. up 24 per eent from M 560.21 million made a year earlier. A Tradewinds statement yesterday said
        Bernama  -  264 words
      • 179 18 Bernama KUALA LUMPUR Malaysian Helicopter Services Berhad registered a group pre-tax profit of M 59.99 million for the half-year ended June 30, 1994, up 18.8 per cent from M 58.40 million previously. Group turnover increased by 10.2 per
        Bernama  -  179 words
      • 344 18  -  From Al Labita in MANILA TWO Malaysian firms have renewed their offers to buy into state-owned National Steel Corp (NSC). NSC assistant manager Fe Raagas told BT recently the new offers of Wing Tiek Holdings and Magnum Holdings were spurred
        344 words
      • 373 18 KUALA LUMPUR A consortium led by sugar king and property tycoon Robert Kuok has expressed interest in the privatisation of the Penang Water Authority, one of Malaysia's best-managed water authorities. The consortium, including French consulting firm Lyonnaise Des taux, Yayasan Bumiputra Pulau
        373 words
      • 537 18 UNIT TRUSTS FUNDS Mwuc«r«' price* Jul 12 UMB Invest Mgt Ltd Singapore Unit Tnist KISS. 12! i'oS The oramcra' 1.56 1.65 United Gr Fund! 1.63 1.69 The Savings Fund 1.48 1.57 Untied Asa Fund 1.56 1.66* S pore Prof Fund 0.68 0.72 ||Aa S pore Sec Fund 1.01 1.07 UwB
        537 words
      • COMPANY BRIEFS
        • 94 20 AFP TOKYO The Tokyo Stock Exchange plans to investigate trading in Mitsubishi Oil Co Ltd shares, which soared in heavy volume yesterday ahead of its announcement of test drilling results in Vietnam, a news report said. Jiji Press said the exchange suspected that inside information
          AFP  -  94 words
        • 99 20 Reuter SEOUL Outstanding bank loans extended to South Korea's top 30 business groups or chaebol totalled 12.97 trillion won (5524.6 billion) in the first quarter of the year, accounting for 7.83 per cent of total bank loans, the central bank said. The top
          Reuter  -  99 words
        • 94 20 Bloomberg Business News TOKYO Canon Sales yesterday revised its earnings estimate upwards for the half year'to June 30. Canon Sales says it now expects parent company current profit of 6.6 billion yen (S$ 101.6 million) for the half year to June 30. The previous current
          Bloomberg Business News  -  94 words
        • 82 20 AFP HONGKONG The Hongkong unit of Japanese-held retailer Yaohan yesterday reported a 45 per cent drop in 1994 net profits due to the start-up costs of four new department stores. Yaohan Hongkong Corp Ltd said it made HKS2B.2 million (555.5 million) in the year to
          AFP  -  82 words
        • 86 20 Bloomberg Business News HONGKONG Real estate investment and development company Wah Ha Realty said that its net profit fell 43.9 per cent in the fiscal year to March 31 because it sold less property. The Hongkong concern said its profit after tax
          Bloomberg Business News  -  86 words
        • 85 20 Bloomberg Business News HONGKONG Digital telecommunications switching system supplier Northern Telecom Ltd has won a US$lOO million (S$ 150 million) contract to supply a digital cellular telephone system to the Taiwanese government. In a statement yesterday, the company said the GSM system would be able
          Bloomberg Business News  -  85 words
        • 57 20 Reuter PARIS Thomson-CSF has bought Redifon of Britain, a privately owned maker of military and civilian radios, which supplies systems to the British Navy. The French defence electronics company yesterday gave no price details but said Redifon, based in Crawley, southern England, had 1993 sales
          Reuter  -  57 words
      • 151 20 JAKARTA The chairman of Indonesia's Capital Market Supervisory Agency (Bapepam), Bacelius Ruru, said on Saturday that the agency's price limit for shares on the primary market to a maximum of 13 times the price earnings ratio was just a temporary measure. He said
        151 words
      • 456 20 NYT NEW YORK As the boards of CBS and QVC prepared to meet today and tomorrow to vote on a merger of the two companies. Wall Street and Hollywood executives raised the possibility that Walt Disney Co may emerge as a
        NYT  -  456 words
      • 570 20 Reuter SEOUL South Korean stocks plunged yesterday because of the death of North Korean President Kim II Sung, but analysts said the retreat would be short-lived and would have little general impact on Seoul's economy. "Many took the news badly
        Reuter  -  570 words
      • 61 20 AFP SYDNEY Antique car collector Michael Parker inspecting German aircraft and rocket designer Ernst lieinkel's 1936 Mercedes-Benz type 540K Cabriolet B here yesterday. The rare car, seized by Customs five years ago after the owner drastically undervalued his import, is expected to fetch
        AFP  -  61 words
      • 285 20 Reuter BOMBAY Reliance Industries Ltd's 5.1 rupee dividend payout for fiscal 1993/94 reflects a surge in the performance of the country's corporate sector. "It is great, but it was expected," said Vivek Parikh of brokers Jamnadas Morarjee and Co. "And it is in line
        Reuter  -  285 words
      • 461 20 Reuter Eastern Express SHANGHAI Chinese companies should drop their share issue prices to make themselves more attractive to investors. the underwriter of a badly received offering on the Shenzhen market told the China Securities Sews. Hainan Securities conceded that lack of interest
        Reuter; Eastern Express  -  461 words
      • 273 20 Bloomberg Business News BANGKOK Share trading in Phoenix Pulp Paper Co was suspended yesterday at the request of the company beeause of a newspaper report that a Saudi Arabian prince was interested in buying the company. Phoenix Pulp is the target
        Bloomberg Business News  -  273 words
      • 423 20 FT LONIX)N IBM has dived in one year from the third most valuable brand name in the world to the bottom of a league table of 290 brands, according to an annual survey that attempts the controversial task of evaluating "what's in
        FT  -  423 words
      • 295 20 Eastern Express HONGKONG Beijingbacked China Everbright Holdings has pledged to push ahead with its takeover bid for Intercontinental Housing Development (IHD) shares after the company's chief executive officer. Ch'ng Poh, was convicted of fraud. China Everbright, which already holds 27.25 per
        Eastern Express  -  295 words
      • 369 20 Bloomberg Business News PRAGUE German electrical and engineering group Siemens AG said sales rose 3.5 per cent in the first eight months of its financial year, and indicated earnings will be lower for the year as a whole. "Net income is
        Bloomberg Business News  -  369 words
    • FINANCE & COMMODITIES
      • 346 22  -  By Shiv Taneja SINGAPORE Financial messaging organisation Swift the Society for Worldwide Interbank Financial Telecommunication is hoping to establish a user group of secu-rities-related firms in Singapore similar to groupings already set up in New York. London and Hongkong. Swift,
        346 words
      • 258 22 Reuter SINGAPORE The International Natural Rubber Organisation is seeking buyers of its warehouse rubber in China and South-east Asia, traders said. The group is seeking buvers for RSSI, RSS3. SMR2O and SIR2O rubber, all for August shipments. Yesterday was the second day
        Reuter  -  258 words
      • SMALL CHANGE
        • 71 22 Bloomberg Business News HONGKONG The Hongkong branch of Swiss Bank Corp will sell 12 series of currency warrants on the US dollar, yen and Deutschemark today. The warrants will not be traded on the local stock exchange, a first for this type of warrant
          Bloomberg Business News  -  71 words
        • 123 22 Bloomberg Business News NEW DELHI The Indian government is considering whether to instruct the Reserve Bank of India to stop buying dollars, a move which could cause the Indian rupee to appreciate from its current level of 31.37 rupees to a dollar, says the Observer
          Bloomberg Business News  -  123 words
        • 77 22 Reuter TOKYO Industrial Bank of Japan Ltd said it set its long-term prime rate for July unchanged at 4.4 per cent. IBJ will set the coupon on its July five-year bank debentures for institutional investors at 3.5 per cent, unchanged from June, a spokesman for
          Reuter  -  77 words
        • 80 22 Bloomberg Business News KUALA LUMPUR The Rating Agency of Malaysia Blul (RAM) has assigned a 8883 long-term rating to the MS 140 million (SSBI million) in bonds proposed by Antah Holdings Bhd, an investment holding company with wide interests in financial services, food and beverage
          Bloomberg Business News  -  80 words
        • 51 22 Bloomberg Business News HONGKONG Wing Lung Bank, one of the oldest local Chinese banks here, has sold HKSSSO million (SSIOB million) five-year floating rate certificates of deposit. The bank said that Jardine Fleming Bank and Schroders Asia Ltd arranged and underwrote the financing. Bloomberg Business
          Bloomberg Business News  -  51 words
      • 560 22 Reuter AMSTERDAM Oil companies arc taking advantage of a rally in oil prices to lock in profits on their future oil production with a new type of hedge, officials say. They are using "one-stop swaps" integrated insurance policies with banks that combine
        Reuter  -  560 words
      • 403 22 Knight-Ridder SYDNEY' The influence of the London Metal Exchange on the Australian and South-east Asian brokering and banking industries is growing rapidly, mining executives were told here yesterday. "Massive potential" for LME-relatcd activity exists in the Association of South-east Asian Nations
        Knight-Ridder  -  403 words
      • 179 22 Knight-Kidder SYDNLY High short-term interest rates and strong cconomic fundamentals have pushed the New Zealand dollar surging to the forefront in the so-called "dollar bloe" of curreneies. A rare government budget surplus, a central bank devoted to killing inflation with relatively
        Knight-Kidder  -  179 words
      • 162 22 FOLLOWING a weekend G-7 meeting that tailed to bring forth any central hank action to support the greenback, all the regional currencies gained ground against the US dollar in yesterday's trade. The Singapore dollar saw another day of record breaking rise against (Ik* IJS dollar,
        Source:  -  162 words
      • 209 22 Bloomberg Business News LONDON The dollar tumbled 2.5 per cent against the mark and fell to a post-World War II low against the yen after leaders of the Group of Seven industrialised nations ofTercd no plans to stabilise the US currency. The dollar fell as low as 96.96 yen,
        Bloomberg Business News  -  209 words
      • 177 22 Bloomberg ENERGY REPORT LONDON Brent crude oil futures surged to their highest in 13 months on the International Petroleum Exchange amid fears an oil workers strike in Nigeria will spread, disrupting exports, brokers said. On a third day of rises. Brent staged
        177 words
      • 79 22 AFP NEW YORK The US dollar resumed its slide yesterday a day after the Group of Seven leaders ended their summit meeting with no official comment on efforts to aid the ailing US currency. At around 1355 GMT, the dollar was trading at 1.5440 marks from 1.5620 late
        AFP  -  79 words
      • Article, Illustration
        1637 22 Iimlf-triftunl ink-\ < ok ulairtl S'prc'i fif i 14 Hath rig /*»»T(ht> Aiif »cn» (W US$/S$ forward rates Noon July 11 Bid Offer 1-month 1.5142 ***** 2-month 1.51)6 1.5151 J-month 1.5128 ***** 6-month I.5W5 1.5115 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on July 11 Singapore dollars to
        1,637 words
    • COMMODITIES & FUTURES
      • 1285 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures closed little changed from Friday but Euroyen and the Japanese government bond (JGB) futures eased after the death of the North Korean President pressured yen-de-nominated assets. A lack of concrete action plans bv the world's seven major industrial
        Reuter  -  1,285 words
      • 662 23 COMMODITY REPORTS KL Tin Tin steadied at Iridav's close of MS 13.48 a kg on continued consumer demand. Dealers said the market was also unchanged as prices in the LME held steady. The local premium to the LME rose to USSSS from USSSO on
        662 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 73 23 HONGKONG China's value-added tax on 24 metal products including copper and manganese, and SI non-metal products including sulphur and graphite was reduced to 13 per cent from 17 per cent on Sunday, the official China Daily newspaper reported over the weekend. A 17 per cent levy
          73 words
        • 101 23 HONGKONG China's cereal shortage is easing following last year's launch of a US$99O million (551.51 billion) programme aimed at managing grain supply, the China Daily newspaper reported over the weekend. The grain transport and storage project is being funded by a USS49O million World Bank
          101 words
        • 84 23 KUALA LUMPUR Malaysian palm oil stocks rose to 470.000 tonnes at the end of June from an actual 453.000 in May because of high prices dampening export demand, the US agricultural attache said in a report. It also said crude palm oil output rose
          84 words
        • 69 23 NEW DELHI Good rains have brightened prospects of a bumper oilseeds output in the next 1994-95 (Nov-Oct) oil season, which also is discouraging any steep rise in wholesale vegetable oil prices. However, prices are likely to stay buoyant over the next three months as no
          69 words
    • 1456 23 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 94 183.50 182.50 186.00 250 1600 Sep 177.50 177.50 180 00 150 3500 Oct 176.25 173.50 176.25 250 3400 Nov 176.25 173.50 176.25 250
      1,456 words
    • REGIONAL STOCK MARKETS
      • 1093 24 -3J A TIDE of bearish sentiment blamed by some brokers on overseas influences gripped the Australian share market yesterday, dragging it to a weaker finish, just above its lowest close in 10 months. The key All Ordinaries Index shed 3.7 points slipping to 1,961.2, while the All Industrials fell
        1,093 words
      • 615 24 -40.10 Philippine share prices fell yesterday in an oversold market hit by a robustly appreciating peso, which is expected to affect the bottom lines of several blue chip issues, an analyst said. The Philippine Stock Exchange Index was down 40.10 points, or 1.55 per cent, at 2,543.75. Turnover dived
        615 words
      • 620 24 127.73 The Taiwan bourse yesterday jumped 127.73 points amid strong buying of financial, plastics and paper issues. The 374issue Weighted Price Index advanced 2.06 per cent to settle at 6,313.00 points. Turnover shrank to 1.41 billion shares valued at NT568.85 billion. Gains outnumbered falls 212-87 with 75 shares unchanged.
        620 words
      • 495 24 •7.54 Share prices closed with a narrower than expected loss yesterday after the death of North Korean President Kim 11-Sung. The dictator's demise triggered a brief early morning nosedive. But the Composite Price Index finished the day at 948.84 points, just 7.54 down. Prices plunged 20.15 to 936.23 points
        495 words
      • 297 24 •10.42 New Zealand's top 40 stock index pushed to a new low for 1994, driven more by lack of interest and the trend than specific factors. The NZSE-40 Capital Index closed down 10.42 points at 1,945.51. "It's an extrapolation of a trend," said one dealer. "If you wait
        297 words
      • 88 24 -0.91 Share prices ended steady despite market leader Reliance Industries announcing a 1993/94 dividend that exceeded the market's expectations, brokers said. The BSE 30-Share Index closed at a provisional 4,075.74, down 0.91 points from the previous close. The 100-Share National Index rose 7.40 to a provisional close of 1,942.17.
        88 words
    • WORLD STOCK MARKETS
      • 751 24 +21.4 SHARES closed substantially higher yesterday, buoyed by a strong performance from FTSE Index futures but dealers said volume was very light and the mood remained edgy. "It's all been fairly uninspiring. The futures led us up: the locals got squeezed in the morning and a couple of the
        751 words
      • 151 24 +28.97 French shares ended higher, with short covering in futures and options leading the cash market. Dealers said trading was mostly due to technical factors, with equities taking heart from stronger European bond markets. But there was also some small bargain hunting going on, favouring financials. The CAC-40 Index
        151 words
      • 135 24 +20.24 Swedish shares managed to look away from rising Swedish yields and track other European bourses higher. Positive expectations of good mid-year results further fuelled interest. The OMX-Indcx rose 20.24 points, or 1.94 per cent, to 1,063.23. The Blue-chip Top-16 Index jumped 2.13 per cent to 1,434.02. The All-share
        135 words
      • 202 24 +21.67 German shares resume rose yesterday, helped by a surge in bond priccs, although restrained by concern that dollar weakness could hurt corporate earnings. The DAX Index closed at 2,069.07, up 21.67 points or 1.06 per cent on the day. Brokers said investor demand was still weak, and trading
        202 words
      • 166 24 1.69 Belgian shares rallied shortly before close of trade to end 1.69 points higher at 1,408.17. Some basket buying, stronger bonds, and some taking of positions before the end of the two week trading period tomorrow, contributed to the rise, traders said. Earlier, the Bcl-20 Index edged near the
        166 words
      • 141 24 -67 Shares drifted lower in very thin trade with turnover in some major blue chips so low it was difficult to even talk of their being a market. Banca Commcrcialc Italiana (BC1), whose shareholders will be asked to approve a capital call this week, was down 2.2 per cent
        141 words
      • 272 24 1.40 Dutch shares eked out most of their gains to the close, drawing strength from local bonds and a sharp bearcovering rise from the options exchange. With Friday's July options and futures expiry closing in, futures sellers have been buying up index baskets. Investment demand, though thin, is expected
        272 words
      • 230 24 -1.30 Swiss shares ended a slack session little changed. Volume was low with most activity restricted to trading among professionals. "It gets more and more boring every day," one dealer said. The Broad SPI Index closed down 1.30 points to 1,700.81. The Blue-chip SMI Index ended up 2.S points
        230 words
      • 323 24 12 South African shares ended a slow Monday session generally higher amid support from a firmer gold price and better world bourses, but dealers said direction remained clouded by world market uncertainty. Traders said shares would take direction from overnight Wall Street moves, and offshore interest in local stocks
        323 words
      • 259 24 -3.20 Stocks eased in quiet dealings as market jitters ahead of today's key inflation data sapped enthusiasm for equities yesterday. Losses in communications, financial services and industrial products outpaced gains led by precious metals. The TSE 300 Composite Index fell 3.20 points to 4,095.70 on light turnover of 21.5
        259 words
      • 712 24 •5.18 The Dow Jones Industrial Average, which climbed 20.72 points on Friday, was down 5.18 points to 3,703.96 at Ham EDT. The key barometer was ahead 7.12 points shortly after the market opened. The New York Stock Exchange Composite Index was off 0.62 to 247.49, while Standard Poors
        712 words
      • 770 24 Britannia Funds Stcrliog Cash Bid Offer Mini Cap Deposit J* 6400 J* 6500 Mim Jersey Oik O.U93 0.1992 Mim Man Income *0 9100 *0 9500 USS Cash Income Plus Fund 9 9300 10 4600 PS Reserve Fund 5 2400 5 2500 SMrtiag Lqaity Euro Performance 0.4592 0 4931 Far East
        770 words
    • Article, Illustration
      3096 25 Bloomberg Business News HONGKONG Investors bid down utility stocks, bringing the benchmark Hang Seng Index down 38.02 points to close at 8,394.94. The Hang Seng utility subindex fell 1.34 per cent. The broad All Ordinaries Index was down 21.88 points cent at 4.298.13. Turnover was a light HKSI.7B billion,
      Bloomberg Business News; Source: Bridge Info  -  3,096 words
    • Article, Illustration
      547 25 CLSA TURNOVER in Shanghai B shares was low at US$2.2 million. Shangling Electric was down 6.5 per cent and Refrigerator lost 2.9 per cent both on very thin trading. The market index was down 1.39 points to 738.36. Turnover in Shenzhen B was flat at HKS6.9 million. China Bicycle
      CLSA  -  547 words
    • Article, Illustration
      2572 25 Bloomberg Business News TOKYO Stocks declined for the third straight session following the death of North Korea's leader and a G-7 meeting which yielded little support for the sagging dollar. After leaders of the world's major industrial countries failed to come to its rescue, the dollar resumed its decline.
      Bloomberg Business News; Source: Bridge Info  -  2,572 words
    • Article, Illustration
      1733 25 Reuter BANGKOK Thai stocks moved in a narrow negative ionc in lacklustre trade, as investors concerned themselves with the weak US dollar and domestic politics. The SET Index fell 7.67 points to 1,279.67 at midsession, after hitting 1,273.08 earlier on slender 1.68 billion baht turnover. Losers led gainers 173
      Reuter; Source: Bridge Info  -  1,733 words
    • Article, Illustration
      1203 25 Reuter JAKARTA Shares closed lower in dull trading with investors sidelined on a lack of fresh factors. The Official Index ended 1.75 points down at 450.45. "It is likely the index will drop below 450 points, a mark most brokers thought was impossible." one foreign broker said. Another broker
      Reuter; Source: Bridge Info  -  1,203 words
    • 2455 26 MulplU I nil 50c 5.644.000 Promct 4.992.000 Idns H\J 50c 4.457.000 "Lion Hoc TSK97 2.808.000 Nlulti-Purposc 2.776.000 CASH 50c 2 586.000 Kcma>an 50c 1.947.000 Hainunting 50c 1.799.000 (tenons Bhd 50c I 703.000 Fabcr Group 1.319.000 Landmarks Bhd 1.284.000 Bcrjaya L Wi99 1.279.000 Sri Harlamas 1.223.000 MOST ACTIVE vdw
      2,455 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5750 26 Bloomberg Business News KUALA LUMPUR The stock market closed mixed as investors bid up prices of shares in utilities expected to take part in a liberalised energy market, and lowered offers on carmakers' and speculative shares. The Composite Index was up 1.10 points
        Bloomberg Business News; Source: Bridge Info  -  5,750 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7259 27 MAIN BOARD Transaction datcTjulylt Cr Gr M Wt ,Hi La«l Vol Da> Lnt Quote Di. Dfv VM Nil Cm Atg High loo Sale ("000) Ij>« B«>er Seller C»» VIf. S"il W» INDUSTRIAL AND COMMERCIAL 1440 835 i Acnia 995 unch 56 1010 995 995 1000 17 5 2.1 1 8
        7,259 words
      • 1906 28  -  By Quak Hiang Whai SINGAPORE Interest rate worries continued to haunt the market, which ended lower in thin trading yesterday as investors stayed on the sidelines ahead of another possible rate hike by the Federal Reserve. With no concerted action coming
        Charts by Bridge Info; Source: Bloomberg  -  1,906 words
  • Page 17 Advertisements
    • 259 17 NEWS VALUE How today's news might affect your stocks SES to allow minimum bid of 10 cents for shares above $25 (pg I) Ciood move with everything to gain, nothing to lose. Clinton rules out lowering to boost US exports (pg l) So the US president has decided to punish
      259 words


  • Page 19 Advertisements
    • 164 19 I I I I MR PATRICK HAYS I Chairman of Singapore Commodity Exchange Ltd, I I Managing Director of Societe Des Matieres Premieres Tropicales I I on the occasion of being promoted to the rank of I I officer in the Order of the Legion of Honour I I by
      164 words


  • Page 21 Advertisements
    • 1277 21 I &'t* (*r <fc) c t W-y *1 I \*sy CHINA HETALLURGIC (SINGAPORE) PTE UD I ilil! k (N I China Metallurgical Import Export 1 I I Wi I iiP* |tf" lUm I I k-A IJ |J Mr"l to Ihwß ™JM China Metallurgical Import Export Corporation is a state-owned trading
      1,277 words


  • Page 23 Advertisements
    • 96 23 i Call GS Trav«l for special i :j business class fares from I i; Singapore to ii Jakarta *****.00 f i Hongkong SsllBo.oo 1 Colombo *****7.00 i ii New York *****8.00 ii Bangkok *****.00 ii London *****0.00 ii Perth *****6.00 I Los Angeles *****0.00 j i| Fares to other destinations
      96 words
    • 6 23 The classified's hot line is 737-1166
      6 words
    • 54 23 As and w hen the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. HF JUST CALL 737-1166 Make the connection through The Straits Times Classified when you're looking for bargains or looking for 1 customers. I Just give us r4t S. I
      54 words

  • Page 24 Advertisements
    • 40 24 f Business Times m: KNOW ASIA Customer Relations Section Circulation Department pit Singapore Press Holdings Limited 82 Genting Lane Occupation Fax §pf |pjj| I News Centre Singapore 1334 m Tel: 1800-749 2577 Fax 744 487S Tel: (O) (H) M B1tom*W701»«
      40 words

  • Page 25 Advertisements

  • Page 26 Advertisements
    • 57 26 odtet: A.D. TRIE IN7EWIATK3NAI PTE LTDIO6 Mwtfe Road 106 02 Bnght Oamtef Singapore 0718 Tel *****7? Fa* *****81 «B Hongkong A 0 TIME INTERNATIONAL <HK> LTD T* *****71 Fat *****31 S#ißeftan<J A 0 TIME SA T* *****4 Fa* *****5 Malays A D TIME SDN BHD Tei *****18 Fa» 24H892 —J
      57 words
    • 4 26 Tomorrow in Business Times
      4 words

  • Page 27 Advertisements
    • 58 27 With over 215 million cords honoured at over 12 million establishments, ppHiUH MasterCard puts the whole world your hands. And it gives you easy ■iSSS access to cash at 380,000 bank brfinches and ATMs worldwide official cakp would cup I Use the H for more focused H advertising. Toll free
      58 words

  • Page 28 Advertisements
    • 54 28 GIVING YOU THE WINNING Residential property: Correction soon? The sage billionaire behind Suntec City The hard sell on derivatives Singapore's venture capitalists go regional Office space: Turnaround in sight Getting local companies to go green Holidaying in Cape Town Investment spotlights on Jurong Shipyard and Kemayan Oil Palm JULY 1994
      54 words
    • 284 28 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP JO KANA KANA PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) Notice is hereby given pursuant to Section 308 (2) of the Companies Act, Cap. 50 that a Final Meeting of the members of the abovenamed company will be held at 10 Anson
      284 words
    • 317 28 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TELMSEA) PTE. LTD. (In Member*' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Cap SO. the final meeting of the members of the abovenamed Company
      317 words
    • 301 28 /AW of these securities having been sold, ihu announcement appears at a matter of record only and does moi\ j constitute am invitation or offer to acquire, purchase or subscribe for securities. New Issue July 1994 The People's Construction Bank of China (Established under the laws of the People's Republic
      301 words

  • SHIPPING TIMES
    • 441 29  -  Carrier will tranship containers in Singapore instead of Hongkong from Aug 1 By Dexter Lee SINGAPORE has made a strategic move which could lead it to regain the position of No 1 container port from arch-rival Hongkong. Last week, the Port of Singapore Authority struck
      441 words
    • 504 29 FT MADRID The Spanish government last Friday signalled its intention to defy a formal complaint from the European Commission by refusing to grant a British ferry line access to its most commercially appealing southern ports. Officials said in Madrid that Cenargo, the
      FT  -  504 words
    • 823 29 Page Col Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 •Appcnship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 3
      823 words
    • 170 29 SINGAPORE Lloyd's Register chairman Patrick O' Ferrall has called on everyone in the marine industry to cooperate to promote safety at sea. "As the world's premier ship classification society. Lloyd's has a major responsibility for safety." he said. "But responsibility cannot be ours
      170 words
    • 105 29 SINGAPORE P&O Containers has formed an agency in South Korea to take over the existing business of previous agent Young Chang Shipping. The new firm, P&O Swire Shipping Agencies, is a joint venture between P&O Containers with 51 per cent, the Swire Group
      105 words
    • 410 29  -  From Al Labita FILIPINO tycoon John Gokongwei is not giving up his fight to seize ownership of a shipyard the government had sold to a Keppel-led consortium. "We are pursuing our case before the court." lawyer Perry Pe. the tycoon's legal counsel,
      410 words
    • 543 29  -  ADMIRALTY i ASI BOOK By Ramesh Divyanathan SINGAPORE Courts have the discretion to overrule a clause in a contract which nominates a particular country in which any dispute should be heard, a local judge has ruled. High Court judge Lai Kew Chai made
      543 words
    • 683 30 COURSES Title: Certificate in Warehouse Operations (SDF 70%) Duration: July 18 Aug 22 Organiser Singapore Institute of Materials Management Tel: For more information contact 295-4427 or fax: 298-4012. Title: Certificate in Inventor) Stores Control (SDF 70%) Duration: July 19 Aug 11 Organiser Singapore Institute of Materials Management Tel:
      683 words
    • 11021 39 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,021 words
    • 3352 44 A Xm.BC ontainerline NV: Belsin Shpg Agencies Pic Ltd (SyMarine Handling Sdn Bhd (PK/PN). Vciord Group: Accord Shpg Ptc Ltd (SVAccord Contr Line (PK/PN). Adlris Business orporation Philippine Calsourcc Shpg Irdg Ptc Ltd (S) Ahrenkiel l iner Senict Kim Shpg I rdg (S). Vlbatros Sea-Air Service: I rata
      3,352 words
    • 281 44 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Fxpress t ravel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cilx-Link International Tel: 344-3377. Fax: 345-6450. Cluster tank Supplies Sen
      281 words
    • 1502 44 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 Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo FApress Tel: 542-5454. Fax: *****06 Air Fxpress International Tel: 542-7666 Fax: *****74. *****50 Air
      1,502 words
    • 2628 45 ALBANIA Durres: Two vessels in port operating of which 1 discharging bagged Hour, 1 steel. I bagged cement discharger waiting in roads for berth. ARGENTINA Santa Fe: No vessels berthed, none in roads. I vessel due. Diamante: No vessels berthed, none in roads, no vessels due. San Ixirenzo:
      2,628 words
    • 650 45 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel 11A K1D Ports of Calls Port Agent Telephone No JULY 12 12 Pearl 0800 1900 V'ung Tau Jardinc Shipping 224-1052 Agcncics 12 12 Leisure World 1300 2015 Cruise lo Nowhere New Century Tours 227-8284 Corporation 12 12 Langkapuri Star 1800
      650 words
    • 777 45 SHIP SALES TANKER RATES AGAIN it is the handy dry bulk market that provides the maximum interest with the resulting sales of a couple of ships that have been creating interest over recent weeks. These are the Rich Way 38,000 dwt and built 1990 and the City o) Port Louis
      777 words
    • SHIPS IN PORT
      • 662 46 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Batam spe«i ***** poia 110/1900 110//2300 Batam liwah N129 112 alongside 1207 2300 Batam Speed ****** P01* 120//1900 1207 2000 Batam Mum. 07 03 94 II alongside 1207/2300 Batam Speedj A5094' P01A 1207/1200
        662 words
      • 1522 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Batonce Rslts Ship Voy No Etb/Btr Period From To From An Swan 126A 13/1900 1A 11/1500 11/1659 11/1900 2A 11/1700 12/0659 12,0900 4 12/1200 12/1159 12/1700 Ata Bhum 144N 12/1500 1A
        1,522 words
      • 836 46 THIS twice weekly report, compiled by Cockctt Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        836 words
      • 612 46 Cartoon Cartoon My 7 Density Water Residue Mi Nutwuti Scdbncnt Density Water Residue Mi Akirttum Sedbnent 1 MM M/M Exmhi E«WI RG/IT3 V/V 1 M/M M M PPM method KG/1I*3 1 V/V M/M M/M PPM method ISO/Cimac Limits Spec E25 991 10 15 0 010 30*
        612 words
    • 1322 47 Reflecting Thailand's buoyant economy, the shipping and related industries are expanding fast, with four of the largest Thai shipowners being publicly listed companies Fairplay Despite continuing political uncertainty, the Thai economy looks set to maintain the rapid growth of recent years. Economic growth
      Fairplay  -  1,322 words
    • 1339 47 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.362 on Friday from 1.358 on July 7. Panamax activity in the Atlantic dominated market talk here With rates firmer, but with charterers attempting to keep details pri--vatc. brokers said. There has been very little voyage
      1,339 words
    • AIR AND LAND TRANSPORT NEWS
      • 542 49 NYT NEW YORK They fly the same type of plane, a Boeing 737, and they have worked for the same airline. United, for at least 25 years. And since 1985 Roger Hall and George Lenormand have been players in one of
        NYT  -  542 words
      • 52 49 AFP LE HAVRE, France The US Coast Guard sailboat Eagle, launched in 1936, sails the Seine river on Sunday towards the French city of Rouen, Normandy, where it will take part in the seven-day Armanda de la Liberte celebration, commemorating the 50th anniversary of the 1944 Allied
        AFP  -  52 words
      • 219 49 UPI NEW DELHI India moved last Friday to put the brakes on price competition among international airlines flying to the country, aviation officials said. Fare cuts and free or re-duced-price premiums have been offered by a number of international carriers to
        UPI  -  219 words
      • 493 49 Bloomberg Business News HOUSTON System One. the computer reservation network owned by Continental Airlines Inc. will announce a partnership this week with a major computer services company. The name of the partner was not disclosed. Industry analysts say the agreement could include
        Bloomberg Business News  -  493 words
      • LOG BOOK
        • 72 49 AFP ISLAMABAD A Chinese airline on Sunday inaugurated the first scheduled commercial flight between Islamabad and Xinjiang in north-west China. Officials here said the weekly service between Islamabad and Urumqi. capital of the vast and remote Xinjiang region, would open up new opportunities for expanded cooperation among
          AFP  -  72 words
        • 112 49 Bloomberg Business News BOMBAY Indian shipping company Chowgule Steamship Ltd may have to offer the International Finance Corporation, a World Bank subsidiary, 10 per cent of its equity if it wants a US$42 million (5564.3 million) loan from it. said the Economic limes yesterday.
          Bloomberg Business News  -  112 words
        • 99 49 Bloomberg Business News LONDON The government's sale of Railtrack to raise as much as £3.5 billion is expected to be moved up to 1995, reported Ihe Observer yesterday. Railtrack. which employs more than 12.000 people, runs stations and freight depots and maintains tracks, is
          Bloomberg Business News  -  99 words
        • 69 49 Reuter JOHANNESBURG South African Airways, which has no black pilots, says it is looking for trainees from communities "previously denied the opportunity". "South African Airways is creating opportunities for young people, who were previously denied the opportunity, to pursue a high reward career as
          Reuter  -  69 words
        • 52 49 Reuter OSLO The Norwegian coastguard on Sunday detained nine Greenpeace activists who had tried to disrupt Norwegian whaling, which is conducted in defiance of an international moratorium. The anti-whaling activists tried to prevent the vessel Senet from catching minke whales in international waters when the coastguard
          Reuter  -  52 words
        • 66 49 Reuter TEHRAN The private Iranian airline Safiran has signed a contract in Paris to buy three used A-300-B4 Airbuses for more than US$lOO million (SSISO million), the Resalat newspaper reported. Resalai on Saturday quoted Safiran general manager Mohammad Baqer as saying that Safiran had
          Reuter  -  66 words
      • 407 49 FT MADRID Volkswagen, the German car group, has won 40 billion peseta (*****.3 million) in state subsidies for Seat, its loss-incurring Barcelona subsidiary. after 10 weeks of bargaining with the Spanish government. The cash injection is some 20 billion peseta less than
        FT  -  407 words
      • 1396 49 c 1*2 mt ETA nw n®. Abu Dhabi GA892 0255 GA882 1940 Adelaide QF81 1925 Qf82 2055 SQ228 2120 Amsterdam KL837 1450 KL844 0035 GA893 1510 GA892 0255 KL838 2300 SQ26 2355 Athens SQ348 2250 Auckland NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain Gf
        1,396 words
      • 429 49 Reuter HONGKONG Hongkong's Andrew Herdman is waiting for the day when hundreds of airliners are brought back from their resting place in the Arizona desert. To some people the jets, mothballed as the airline industry slid into recession in the early *****, are
        Reuter  -  429 words
  • Page 29 Advertisements
    • 25 29 (WESTFAUA\ SEPARATOR J Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL qO§COOO@ gQQQQOOO Thai shipping sector keeps pace with economy, Page 18
      25 words
    • 35 29 United's pilots divided as vote nears on buyout, Page 20 Lines and services represented by Members ol the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
      35 words
    • 111 29 r M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 lASIA NORTH H AMERICA I EASTBOUND I RATE AGREEMENT 1 (ANERA) j NOTICE TO SHIPPER! INCREASE IN SINGAPORE THC I Shippers are advised that as a result of j i increased cargo handling costs, and in line with
      111 words

  • Page 30 Advertisements
    • 2050 30 I H\« HH »J J BI k I tf LZ KB Ki B I 11 J| iji] |yj IMPORT.... I NORTH AMERICA I I OTHER DESTINATIONS! NORTH AMERICA I 1 TO tA«T co*rr KM/TH ««C« W.WCT =ZI MMOAKmi CAUTOWA BOW (WCT WW KUtT CQAm w yOY sTOkI I* OAK I
      2,050 words

  • Page 31 Advertisements
    • 1990 31 AA m. /fi dtc iTn lAoniuc qmippina AftFNCIES JARDINE SHIPPING AGENCIES SDN BHD ESZUSESL. OK,. ««£>> J»»A .EL £7*777. FJX 0W5.842 CFS 03-7» 5 3« CR NUMBER **********0 C J!l M 2703/4 FAX *****6 T U O M M E E N R TA SERV.CE TEL" £55? 25M" ,OPNS, CUSTOMER
      1,990 words
    • 2235 31 mnrnssassm EURORE/C.1.5./SCANDINAVIA 3 TIMES A WEEK MUNKEBO MS. V.9408 ETA SIN 14/7/94 LARGS BAY V.5477 ETA SIN 16/7/94 TABLE BAY V.5497 ETA SIN 18/7/94 Vessel Voy ETA I ETO Feedoed Dy H destinations This MC KifHEv MAERSK V 9406 1 B 19/01 0600 HPS CFS 18/07 2359 HRS JOM LPK
      2,235 words

  • Page 32 Advertisements
    • 1623 32 AQABA R DAM IF ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WFRP HAVRE WgST MALAYSIA STUTTGART EXPRESS 04/326 9/7 18/7 25/7 27/7 30/7 t/8 3/8 p ort Kelang. Penang KAGA 36/127 13/7 30/7 31/7 2/8 Pasir Gudang DRESDEN EXPRESS 17/327 16// 25/7
      1,623 words
    • 552 32 AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundl. Islamqala (Doqharun) C.1.5./RUSSIA: Voatochny. Vladivostok. Moscow, Baku. Tashkent, Irkutsk, Alma Ata, Ashgabad. Dushanbe, Kiev N Korea: Pyongyang. Nampo Mongolia: Ulaan Bator LCL TO CIS EASTERN EUROPE FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN OKR Bunga Pelangi V.2234 19/7 16/8 Ned Asia V.2244 26/7
      552 words
    • 1184 32 I NORASIA VSL/VOY SIN ALG BCL VAL HAM BRE ROT ANT FEL LHA NORASIA PEARL 9427 3 14/07 05/01 06/08 07/01 08/08 09/08 10 08 11/08 12/08 12/ M VtLE DC SAGITTA SO4W 19/07 16/08 10/ M ARABIAN SEA 428W 20/07 12/08 13/08 14/08 15/08 16/08 17/08 18/08 19/08 19/#8
      1,184 words

  • Page 33 Advertisements
    • 1334 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA pacific line BUMIa33USHiAUiAiIBiMAMMyttaSHASiM3H (A service of china navigation CO) CARGO out SAHS ASIAN rtNIURt VO4C NK. Skan. law 11 12 U 13 U 15 M FCL. LCL CONTAINER ANO BKEAKBULK
      1,334 words
    • 3224 33 m SINGAPORE AGENT: Pao Containers (Singapore Agencies) Pte Ltd 1 CJL\. w jiil 1 \-K%- 9 10 Ho€ Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel 225 2233 Telex: RS ***** PNOCSP Fax 225 5327/222 7517 V CR Number: **********0Z EXPORT IMPORT VESSEL VOV 'PNO 'PKO SIN SOU ANT HOT
      3,224 words

  • Page 34 Advertisements
    • 608 34 i|K EKA JAYA AGENCIES VbT TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE HQ CHI MIMH CITY PASEP iHAUPPHONe/PIHECT HCNWY HOE *****24 rcTjW/WW4 KEIYIW CHAW *****22 aMMIMB MAWOJ 2H042S MM7a WILLIAM WEE 21*0*39 *****04/MMM2 TO VIETNAM/HCMC CONTAINER-FEEDER —SERVICE CENTER-POINT g iff* 7 lines ftSStl W1 {TA STOK VOY
      608 words
    • 1985 34 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FM VSL SIM LINE HAUL St* YW POX fW *SL S* K* HAIA. SAV lUI NTC HANAN BREMEN 012E IV/ WRECT 4/1 5/8 6/« HANW BREACH 0121 IV/ M AMERICA 01SE II I 19/8 21
      1,985 words
    • 1495 34 J J U .IrpTT3T^: fl B I I H IPKI SGP KM MG HLC W «l 09 KT W I*o LAI CHS BAI HYC IW IM KM M IK P9 CM fU SfiP F' C GWXAtOtI 11/7 20/7 74 7 27/7 29 7 l/» 2/1 J. I 4/1 VI 0/0
      1,495 words

  • Page 35 Advertisements
    • 2480 35 'rr t luivsy a. uvauaj eiuij iv nr*ri I II sex: 'CALIFORNIA PEGASUS 23E' eta sgp 13/07/94 II I II ARRIVING LOS ANGELES 30/07/94 IN 16 DAYS 9 Crltr II AEX:'CALIFORNIA ZEUS 56E'ETA SGP 14/07/94 II II II ARRIVING NEW YORK 07/08/94 IN 23 DAYS HI usautf midwest usee canaoa
      2,480 words
    • 1182 35 A I MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) kZW CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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  • Page 36 Advertisements
    • 1538 36 44 i_i AS AGENTS "K" LINE (SINGAPORE) PTE LTD (C* NO: **********0M/GST REG NO M 2-*****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 T MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHO U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTERNUSA. TEL: JKT
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    • 1119 36 ©APPENSHIP HAMBURG (W-J CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE LOACXNG FOR MERINI ANTW 27/06 SPORE 30/07 SEAKITTIE HAM 29/06 SPORE 02/08 ELENA V ANTW 03/07 SPORE 06/08 rtliv ISLAMIC REPUBLIC OF ACCEPTING CARGO TO GULF PORTS I I \V|/> IRAN
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  • Page 37 Advertisements
    • 1454 37 44 i—. ft AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0*1/GST REG NO: M 2 *****99-6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I T MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTERNUSA.
      1,454 words
    • 1146 37 ©APPENSHIP o, HAMBURG (W-j CONVENTIONAL INDEPENDENT LINER SERVICE S EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE LOADING FOR MERINI ANTW 27/06 SPORE 30/07 SEAKITTIE HAM 29/06 SPORE 02/08 ELENA V ANTW 03/07 SPORE 06/08 /if A ISLAMIC REPUBLIC OF ACCEPTING CARGO TO GULF PORTS I
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  • Page 38 Advertisements
    • 945 38 PACIFIC INTERNATIONAL LINES (PTE) LTD I SSSSSS? 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I I SSSSSSSS U ml cn NO **********0E VESSEL VOY SIN CMB JIB JED AOJ ADE HOO PZU ASA KOTA WIJAYA WJAO43 19/7 24/7 31/7 3/8 12/« 8/8 KOTA BERLIAN BRLOI9 29/7 3/8 10/8 17/8
      945 words
    • 995 38 I VESSELS VOY SIN II HAVRE HAMBURG I IHAMIS ROTIIROAM ANIMIRP I VKll Ot CARINA CO4N 13/07 03/0* 05 0« 06 08 07/08 09, 01 I Vltlt PI SHCIIIH SO4W 19/07 10,01 12/08 13/08 14/08 >6/08 I Vtilt D AQOHA AO4W 26/07 17/08 19,0« I 20 01 21/08 23/01 I
      995 words
    • 567 38 BSfl MYANMA VBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klg Pen P.Gdg SACKING V3SW 13/14 Jul 15/17 Jul In Pi PAGAN V2IIW 18/20 lul AVA VI29A 20/24 ful HPA AN V2O4W 30/31 Jul PATH€N VI3OW 30/31 lul 25/29 Jul MALAYSIA AGENTS BOUSTEAD SHIPPING
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  • Page 41 Advertisements
    • 2135 41 ARABIAN/PERSIAN I Vjflv JMWJVfIMIIS GULF I every I Singapore's General Agents: c I /p J," ieenrv Dent COSUR SHIPPIHCm LIB cs£S?sK>4l >44 SSiXi «/L «OS>O2 o„™t™, C.,1»«,: «W»5 RfJl Telex: ***** COSHIP Conventional: *****50 D O; *****85 Conventional. *****46 SSjIS 0106 c Wo; "*****0000 M f 2 *****8 Breakbulk Svc
      2,135 words
    • 805 41 /■HICROATIA LINE A ifcga < EX JUGOUNIJA) I VtSStL gg PK PNG LOMMHC TO* RAB 13 JUL lb JUL Aleiandna Beirut Istanbul. Trjuste. Kcpet lattakia. limassol. Mersm P Said. Ri|rta Venice GROBMh 12 *Jl do General Agent* EAST MOUNT AGENCY (PTE) LTD Singapore Kuala Lumpur Port KHanj Penanj SPORE CARTAGENA
      805 words
    • 182 41 /^IMORBUI-kv I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES LOADING FOR I I SEA SONNET 19/7 21/7 FLU/ROAM ANT/UK I I I NORBULK TBN 21/7 24/7 DBN/CPT/EL I I ALSO LOADS TAWAU. KK. TG MANI PK SWK SABAH LOADING FOR NORBULK PINE 25/7
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  • Page 42 Advertisements
    • 693 42 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 17/7 ROTTERDAM 13/7 AARHUS/COPENHAGEN 17/7 HAMBURG/BREMEN 17/7 MARSEILLE/FRANCE W7 FELIXSTOWE/UK 18/7 BARCELONA/SPAIN 1877 LEHAVRE/FRANCE 13/7 GENOA/ITALY 18/7 ANTWERP/BELGIUM 18/7 LOS ANGELES/WC/IPI 17/7 SYDNEY/MELBOURNE 14/7 NEW YORK/EC 17/7 FREMANTLE/ADELAIDE 14/7 VANCOUVER 15/7 BRISBANE
      693 words
    • 1004 42 B 4*aww^^- f B ■MMMMTI.II FJ :j f V6SS6L *21 **I f* VESSEL VOY SIN PEN I AANABhuM 236S Tut >n Pt Sit 16/7 AKA BHUM 144N/S Tui In Pt Thy 14/7 BlF**" L VOY SIM MCK ISRA BHUM Ml Fri 15/7 Tm H/7 DEJA BHUM 4*13 Fri 15/7 If/7
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    • 292 42 B RICHFIELD MARINE AGENCIES (S) PTE LTD W TEL: *****33 (12 Lineo) K FAX: *****15/*****03 lm TELEX: RS ***** RISHIP (3 Lineo) CR NO.: **********0E ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vnml Voy ETA lMdln« for Spoft Abbay Wonz 40AB 12/00 Mombasa. Djibouti Aasab.
      292 words
    • 543 42 CiKf nt—d Sslllng to:BANGKOK/LAEM CHASAN6/LAOS 12/7 (THE). 16/7 (SAT) PORT KEIANG PENANG 14/7 (THUR). 15/7 (FNI) HONG KONG 12/7 (TUE). 15/7 (FM) JAKARTA 16/7 (SAT) MANM/CEBU 12/7 (TUE) HO CHI MNH 15/7 (FRI) SURABAYA 17/7 (SUN) BUSAN 17/7 (SUN) pLI DONGNAMA LINE CONTAINERISED EERVICE BTRAITB/BLW/INC/BBN vessel ["iff n blh png
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  • Page 43 Advertisements
    • 1683 43 (kAIMN CONTAINER LINES, INC MAC-NELB SPORE: *****22 (24 LINEB) LJ 'c/b No: uawymw SIBU (064) *****9 KUCHING (062) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 13/7 14/7
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    • 181 43 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (U UA (U STOW PO*[ KILMC PtNAKG Bill IAM l»Pttto 1«7 lo«ta<g tor Mik RUVU HUONU 31// loading lor Dub* OafHW 27/1 loading for NUr PIOUSR SUPttMI It 1 loading Fot M* UMMtOH is; loading for M* moattss m*iT m loading tor
      181 words
    • 1218 43 P THONG SOON UNES PTE LTD 1 I /\V\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I TEL: 227-5088 FAX: 227-6011 I I TIX: RS ***** CARR, E R RS ***** JENHOL CABLE: TOSOCO I TA etntuiii/ SINGA EXPRESS SINGAPORE TO SARAWAK SINGAPORE TO THAILAND VESSEL vor S PORE PEST
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  • Page 45 Advertisements
    • 41 45 The Aspiring seeks for opportunities in the right media and the right company. Classified the people finder. 1 HE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIANHE 7AOBAO lIANHC WANDAO SHINMtN DAILY NEWS BERITA MARIAN BE RITA MINGGU
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  • Page 47 Advertisements
    • 479 47 VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC *****N 15/07 (FRI) 20/07 (WED) LANKA MAHAPOIA *****N 19/07 (TUE) 23/07 (SAT) TWO SfIJJSI JHjH PERVOMAYSK *****N 22/07 (FRI) 27/07 (WED) fßl[j T NU VIGOUR PACIFIC *****N 26/07 (TUE) 30/07 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL I VOYAGE SINGAPORE I GENERAL SANTOS DAVAO
      479 words
  • Page 47 Miscellaneous
    • 694 47 TODAY'S TIDES (height in metres) HOUR oooo 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 3.1 3.2 30 2.6 1.9 1.2 0.7 04 03 04 OS 1.4 2.1 2.4 2.5 2.4 2.0 1.5 1.1 OS
      694 words

  • Page 48 Advertisements
    • 811 48 I HYUNDAI I MEBCHfINT MARINE GO. LTD. WESTBOUND TO EUROPE BKG: *****61 PHA* PKE* PGP* VESSELS VOY SIW RTM AHT* LEH* HAM BttT~ FEL *13/07 15/07 16/07 SI MARINER 311VH 18/07 06/08 08/08 09/08 08/08 08/09 10/08 20/07 22/07 23/07 H. INNOVATOR 310W 25/07 13/08 15/08 16/08 15/08 15/08 17/08
      811 words
    • 479 48 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSII KOf 7 PI IK KK MUA HI SMI NAGOY* 92 SIO 13/7 (CIM 14/7 COSMC MASTEH 27 14/7 <MT l«/7> OSANGf MOON U Mft <BM IS/7) ODkNGf SKY 21 17/7 2«/7 OUTBOUND VESSELS LOAPINC FOR CALCUTTA SEKI NAGOYA
      479 words
    • 1028 48 VESSEL VOY SIN ETA/D LAX 1 OAK CHI 1 DAL MEM/COL HOU NYC NOR HENRY HUOSON BRPGE 76A 14/07 31/07 02/08 03/08 04/08 04/08 05/08 05/08 06/ M ALLIGATOR VICTORY 54A 21/07 07/08 09/08 10/08 11/08 11/08 12/08 12/08 13/08 MACKINAC BRPGE 78A 28/07 14/08 16/08 17/08 18/08 18/08 19/08
      1,028 words