The Business Times, 13 July 1994

Microfilm: NL19567
Total Pages: 58
1 58 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Wednesday July 13 1994 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon US regulators against derivatives Bill
      49 1 Bloomberg Business News WASHINGTON Three federal banking regulators yesterday testified against a House Bill calling for increased oversight of derivatives trading and investment by banks. They said they already had the tools needed to monitor and control the risks posed by derivatives. Bloomberg Busi-
      Bloomberg Business News  -  49 words
    • Article
      Lock icon UK must press on with supply-side reforms
      30 1 Reuter LONDON Britain's Chancellor of the Exchequer Kenneth Clarke yesterday said the UK must press ahead with supply-side reforms to improve economic performance.
      Reuter  -  30 words
  • Article
    MARKET SUMMARY
    167 1 Stock market indices Tuesday Change ST1I 2,159.35 +8.10 KLSE Comp 985.62 -3.26 Nikkei 20,400.48 -72.61 Hang Seng 8,591.45 +196.51 SET Index 1,280.06 +1.69 Jakarta Comp 449.72 -0.73 CLSA China B 993.81 -5.68 Aust All Ord 1,972.9 +11.7 FTSE 100 2,963.9 -19.9 Tuesday Previous 2pm close Dow Jones 3,690.68
    167 words
  • Article, Illustration
    Lock icon 14,000 private new homes planned for Queenstown area
    464 1  -  By Lilian Ang SINGAPORE The Urban Redevelopment Authority plans to make room for about 14,000 new private homes at Normanton Estate, Portsdown, Commonwealth Avenue West and Alexandra Park. Nine plots for residential use. totalling 196 ha, are earmarked for sale in these
    Source: URA  -  464 words
  • Article
    Lock icon Surprise over unchanged US producer prices
    372 1 Reuter AP Bloomberg Business News WASHINGTON Wholesale prices were unchanged in June, the Labour Department said yesterday, presenting further evidence that price pressures remain well under control despite signs the economy is moving ahead at a brisk clip. The Labour Department said this was
    Reuter; AP; Bloomberg Business News  -  372 words
  • Article
    Lock icon Dow down 12 points
    82 1 Reuter NLW YORK Wall Street stocks fell at mid-ses-sion yesterday, knocked lower by a further fall in the dollar. Concern over the US currency, which was hovering around its post-war lows against the yen. outweighed an upbeat Producer Price Index for June, which had initially sparked
    Reuter  -  82 words
  • Article
    Lock icon Hongkong govt announces old-age pension scheme
    484 1 Both employers, workers to contribute I.spc of income The Straits Times HONGKONG The Hongkong government yesterday unveiled long-awaited proposals for an old-age pension scheme (OPS) which would require both employers and employees to contribute 1.5 per cent of the employee's income. The government would
    The Straits Times  -  484 words
  • Article
    S'pore firm goes to arbitration with US$ 251m claim
    345 1  -  By Anna Teo SINGAPORE In what is possibly the biggest arbitration case in Singapore, a local trading company is seeking USS2SI million (SS3BO million) from its US business partner for breach of contract in their lottery project in China. Multivcst (S)
    345 words
  • Article, Illustration
    Lock icon US dollar slumps as hope of interest rate hike fades
    466 1 Bloomberg Business News Knight-Ridder AFP Reuter NEW YORK The dollar tumbled to a post-World War II low against the yen and a 20-month nadir against the deutschemark after a report showed wholesale prices were unchanged in June, prompting speculation that
    Bloomberg Business News; Knight-Ridder; AFP; Reuter; Source: Bloomberg  -  466 words
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      256 1 |The World's I Favourite Children's -pr^Wean^ JBP i--* HP* OSMKOSM B'OOSH BOUTKMES: L x 3»i f™ IMIMHM T«t 717 0474 V m- y* «Kf»Tktt#|M T*7S«l«7 X Wt qff!>■ '<»7ai c- an »MtaC% T«t»4M r jßHr MWIH ft So*o**toAor J J«y Qm F.fmpnmm L* T* *****0 CONTENTS S pore News 2
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      23 1 Regional Analysis: Pg 21 Pawns in a Cambodian power play HK tycoon Gordon VVu to take a dunking in Victoria Harbour, Pr 4
      23 words
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      13 1 AC7 Hock Lock Siew: i\ 2? Tenaga still has the pon ei^X \c.\
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Int'l calls hit record in March
        348 2  -  By Juliette Walker AFTER taking a rest over the Chinese New Year in February, businesses in Singapore returned to their telephones in March, making a record number of international calls. The latest figures from Singapore Telecom show that 12,491,301 outgoing international calls were made
        Source: Singapore Telecom  -  348 words
    • Article
      Hitachi shifting production of 15-inch PC monitor tubes to Singapore to cut costs
      355 2  -  From Koichi Ishiyama in TOKYO IN LINE with moves by Japanese companies to transfer production to the region in the face of the stronger yen, Hitachi Ltd has announced plans to shift more of its production to
      355 words
    • Article, Illustration
      Lock icon Number of industrial accidents down 9.4 pc last year
      287 2  -  By Abdul Hadhi THE NUMBER of industrial accidents in Singapore fell 9.4 per cent to 4,257 last year from 4,698 in 1992, says the Labour Ministry. According to its annual report released yesterday, the frequency of accidents also dropped, from 3.6
      File photo  -  287 words
    • Article
      15 firms taking part in China franchise mission
      217 2 FIFTEEN home-grown companies will take part in a franchise mission to China organised by the Trade Development Board and the Singapore International Franchise Association. The eight-day mission, from July 14 to 21, will cover Beijing. Shanghai and Guangzhou. Members will investigate franchise
      217 words
    • Article
      Completion of JTC building delayed
      130 2 COMPLETION of Jurong Town Corp's first ready-made building at the International Business Park has been delayed. JTC said yesterday that the main contractor for the building, Teow Aik Realty, was to have finished the job by early next year, but instead its contract was terminated
      130 words
    • Article
      Case to audit supermarkets using bar code price scanners
      235 2 THE Consumers Association of Singapore (Case) will audit supermarkets using bar code price-scanning systems at checkouts. Announcing the move yesterday, Case president Koo Tsai Kee said the periodic audits would help raise consumer confidence in scanning. The system is a labour-sav-ing
      235 words
    • Article
      CSM buys $10m high-tech system for its plant
      312 2 CHARTERED Semiconductor Manufacturing (CSM) has commissioned a $10 million computer-integrated manufacturing (CIM) system for its US$BOO million (SSI.2 billion) wafer fabrication plant in Woodlands. The CIM system, to be completed in October next year, will be put together by Digital Equipment Singapore.
      312 words
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      215 2 WHAT MAKES A MAN? NO. 1 HUGO BOSS THE FRAGRANCE FOR MEN V"*~ At Royal Holiday Inn Crowne Plaza, we've made it a touch easier for the busy executive to the business of doing business. v u| We leave you with all the time in the world to plan your
      215 words
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      27 2 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad.
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  • SOUTH-EAST ASIA
    • Article
      High food prices set to raise Asian inflation: Merrill Lynch
      423 3  -  By Anna Teo SINGAPORE A sharp jump in global food prices since late-1993 and a more recent pick-up in energy prices could see Asian inflation staying high this year, says Merrill Lynch. Inflation in the region is likely to average
      423 words
    • Article
      Lock icon KL posts jump in investments, trade surplus
      238 3 AFP KUALA LUMPUR Investment in Malaysia's manufacturing sector more than doubled in the first half of the year, reversing a sharp drop, the International Trade and Industry Minister announced yesterday. The country's trade surplus also chalked up a 70 per cent increase in
      AFP  -  238 words
    • Article, Illustration
      Lock icon A fresh new taste
      49 3 AFP HANOI A Vietnamese fruit trader standing beside his stock of American apples in a market here yesterday. This is the first time American apples are being sold in the Vietnamese capital. A kilogram of the apples costs 310,000 dong (554.50) to 35,000 dong. AFP
      AFP  -  49 words
    • Article
      Lock icon M'sian govt calls for annual wage revisions in private sector
      362 3 MBT KUALA LUMPUR The Malaysian government has proposed annual wage revisions, instead of one every three years, in a fresh attempt to effect wage reforms in the private sector. In making the proposal, Human Resources Minister Lim Ah Lek yesterday
      MBT  -  362 words
    • NOTE BOOK
      • Article
        Lock icon The path to investing in Cambodia
        89 3 Reuter PHNOM PENH Growing trade links between Singapore and Cambodia, which stands at US$65O million (*****.5 million) annually, will pave the way for greater investment, said Graham Hayward, executive director of the Singapore International Chamber of Commerce. "I think we will see the same
        Reuter  -  89 words
      • Article
        Lock icon Thai light-rail to stay above ground
        59 3 Reuter BANGKOK Thailand's Cabinet has decided against forcing underground part of a mass transit system for Bangkok, a government spokesman said yesterday. As a result, the entire 21.6-km light-rail system being built by local property developer Tanayong Group can stay above ground despite environmentalists'
        Reuter  -  59 words
      • Article
        Lock icon Call to open Thai finance sector
        118 3 Bloomberg Business News BANGKOK The United States government has called on Thailand to accelerate the liberalisation of its financial services industry, the Bangkok Post reported yesterday. Jeffrey Shafer, US Assistant Treasury Secretary, on Monday met Thai Finance Minister Tarrin Nimmanahaeminda and asked Thailand to
        Bloomberg Business News  -  118 words
      • Article
        Lock icon US deplores Indon arrests
        49 3 Reuter JAKARTA The United States yesterday denounced Indonesia's arrest of 42 students on a hunger strike to protest against a recent government press crackdown. Diplomats said the unusually tough statement reflected growing official US and public concern about Indonesia's crackdown on its local media. Reuter
        Reuter  -  49 words
      • Article
        Lock icon Phnom Penh on Chakrapong's KL stay
        78 3 AFP KUALA LUMPUR Phnom Penh has voiced its displeasure over Prince Norodom Chakrapong's continued stay in Kuala Lumpur, Malaysian Foreign Minister Abdullah Badawi said yesterday. "The Cambodian government has indicated it is not too happy with Chakrapong being still here," he told reporters, adding
        AFP  -  78 words
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      281 3 Free MS Money and/or MS Office Professional MS Flight Simulator The Best Of All Worlds! Trade-in from lotus I -2.3™ or WordPerfect- to MS Excel 5.0 or MS Word 6.0 MS off Ce Profe lOTal brin 9 s S hw e P*"* he f benefits of MS PowerPoint, MS Access
      281 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Taipei expects GNP growth of 6.18 pc for 1995
      537 4 Reuter TAIPEI Taiwan yesterday forecast economic growth of 6.18 per cent for 1995, compared with a target of 5.94 per cent for 1994 while the island's yawning trade surplus was seen narrowing further. Some economists said the figures appeared optimistic, adding
      Reuter  -  537 words
    • Article
      Lock icon Hongkongers rush for final British passports
      414 4 AFP HONGKONG Uncertainty over the future of Hongkong has sparked a mad rush for the tjnal British passports allotted for the inhabitants of the colony before its return to Chinese rule in 1997. The final full passports available were oversubscribed by more than three
      AFP  -  414 words
    • Article
      Lock icon China indicates distrust of HK chief secretary
      381 4 The Straits Times HONGKONG China has indicated that it distrusts Chief Secretary Anson Chan and she is unlikely to be picked for the post of the chief executive of Hongkong after the 1997 transfer of sovereignty. The Ming Pao daily, quoting a Chinese
      The Straits Times  -  381 words
    • Article, Illustration
      Lock icon Foreign investors taken to task over Chinese factory fire traps
      536 4 Bloomberg Business News HONGKONG Hongkong's Confederation of Trade Unions says foreign investors are seriously neglecting workers' rights in their factories in China, putting the lives of many employees at risk. A series of factory disasters in the southern boom province
      Bloomberg Business News; File photo  -  536 words
    • Article, Illustration
      Lock icon Taipei passes nuclear budget despite protests
      90 4 Reuter TAIPEI An anti-nuclear protester breaking the windscreen of an armoured vehicle with an iron bar in the full view of a group of policemen yesterday. Parliament approved the budget for a long-delayed nuclear power plant despite the hundreds of protesters who fought police
      Reuter  -  90 words
    • Article
      Hopewell's Wu sets new Sep deadline for harbour plunge
      484 4  -  From Lim Soon Neo in HONGKONG WILL construction tycoon Gordon Wu jump into Hongkong's stinking Victoria Harbour as he promised now that the deadline for completion of a major highway project has passed? After newspaper reports that he had reneged on
      484 words
    • CHINA WATCH
      • Article
        Lock icon China gets first analog mobile phones
        95 4 Reuter STOCKHOLM China's first commercially operated analog mobile phone system has been installed by Ericsson AB in the southern city of Beihai. The system has an initial capacity of 3.000 subscribers and is based on the Advanced Mobile Phone System (AMPS) standard developed for
        Reuter  -  95 words
      • Article
        Lock icon Company crimes blamed on lax laws
        89 4 Reuter BEIJING China said a lax legal structure had led to a major increase in economic crimes within shareholding companies. "The phenomenon of economic crimes within shareholding (cooperative) enterprises is influencing the healthy development of this kind of company," the official Legal Daily newspaper
        Reuter  -  89 words
      • Article
        Lock icon Southern provinces hit by cholera
        71 4 AFP BEIJING Disease is spreading fast in China's flood-hit southern provinces, with 618 cases of cholera reported in the past month. Minister of Public Health Chen Minzhang was quoted yesterday as saying. Mr Chen, addressing a national conference on disaster relief and epidemic control, urged
        AFP  -  71 words
      • Article
        Lock icon Further talks on Bac Ho Gulf dispute
        71 4 Bloomberg Business News HANOI The Sino-Vietnamese joint working group for the delineation of Bac Ho Gulf will meet in Hanoi for further talks in November, the I ietnam Sews reported yesterday. Representatives for the two countries met for a second session last week
        Bloomberg Business News  -  71 words
      • Article
        Lock icon French group targets China fakes
        102 4 AFP HONGKONG A committee set up to defend the reputation of French luxury goods plans to turn its attention to China which risks becoming a world leader in counterfeiting, it was stated here yesterday. Christian Blanckaert. president of the Colbert Committee which groups 75 French
        AFP  -  102 words
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      181 4 Super Anniversary Celebration Package There's every reason to celebrate a stay at the Harbour View Dai-ichi Hotel $145 w Deluxe Room July August only CT Celebration Rebate* I per room night to be used in any outlets I during stay I UMMd im ■•< im mmy form Foe reservations, cal
      181 words
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      252 5 r> BREITLING jBj3BE&&~* •-*<*. XsW^B water resistant down to 100 meters. Bl^ife' Sole Agent: f\)bH 39A Jalan Pemimpin #05-00 TAL Building Singapore 2057. Tel: 259 9288. Singapore Branch Sales Service Centre: 400 Orchard Road #16-05 Orchard Towers Singapore 0923. Tel: 732 6347. Incorporated in Germany SINGAPORE: Changi Watch Gallery Tel:
      252 words
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      176 6 &IW I our Season• Hotels Ltd < A small hotel opens in Singapore with the worlas greatest reputation ror service benina it. T frs In troduci ng Fo u r Seasons Hotel Sing a pore. Having exceeded tke demands of business travellers from Tot yo to Milan, Four Seasons now
      176 words
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  • REST OF ASIA
    • Article
      Lock icon Strong industrial revival seen on India's horizon
      388 7 3pc growth this year, 4.5 pc expected next year Reuter NEW DELHI India's industrial recession, which coincided with sweeping economic reforms started three years ago, has bottomed out, economists and analysts said yesterday. The Planning Ministry announced on Monday that industrial growth was
      Reuter  -  388 words
    • Article
      Lock icon Murayama under fire over soaring yen, lack of policies on N Korea
      337 7 Reuter TOKYO Prime Minister Tomiichi Murayama came under fierce opposition attack yesterday over the soaring yen and lack of clear policies on North Korea. "Mr Murayama's performance in Naples showed that his government has no clearcut policy on
      Reuter  -  337 words
    • Article, Illustration
      Lock icon Chip off the old block
      55 7 Reuter ADELAIDE Caterer Roger O'Loughlin getting ready to taste a square potato at a potato growers' conference here yesterday. It was claimed the Australian potato industry had developed this square specimen specifically for potato chip makers. The square spud tasted as good as it looked,
      Reuter  -  55 words
    • ASIA NOTES
      • Article
        Lock icon Japan urged to improve infrastructure
        71 7 AP TOKYO Japan needs to work hard to improve the quality of its infrastructure and housing while its working population can bear the high costs in view of a falling birth rate, the Construction Ministry says in a white paper on construction. It also said
        AP  -  71 words
      • Article
        Lock icon Aussie casino to provide creche
        69 7 Reuter MELBOURNE Australia's newest gambling palace plans to open the country's first casino creche within weeks after several casino goers left their children locked in cars or wandering about a carpark at the weekend. Melbourne's Crown Casino director of corporate and public affairs Ken Carnie
        Reuter  -  69 words
      • Article
        Lock icon Pakistani embassy official arrested
        73 7 AP NEW DELHI An official of the Pakistani High Commission, which serves as an embassy, was arrested while purportedly obtaining classified Indian defence documents from a local contact. a police spokesman said yesterday. Federal agents arrested Mohammad AQal Bajwa at a market on Monday while he
        AP  -  73 words
      • Article
        Lock icon Asian growth seen easing to 7.5 pc
        47 7 AFP TOKYO Asia's economic growth is forecast to ease from an estimated 8.3 per cent last year to 7.5 per cent this year and 7 per cent next year as China's expansion slows, Japan's Tokai Bank Ltd said yesterday. AFP
        AFP  -  47 words
    • Article
      Monopolies in the region under strong pressure
      531 7  -  Governments opening up sectors previously closed to competition By Amy Balan SINGAPORE Monopolies are coming under strong pressure almost everywhere in the region as governments race to open up sectors previously closed to competition. Whatever the reasons whether it is to attract foreign
      531 words
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      67 7 abOUt conditions. space for 5 adults to travel comfortably. assure you, certain long-held beliefs about I The sophisticated Trionic engine man- Leather seats are standard. cars are t*ound to change. agement system makes the Saab 9000 Every conceivable safety feature has fl SAAB one of the greenest cars, with less
      67 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Credit Lyonnais' rescue plan
        90 8 Reuter PARIS Jean Peyrelevade. chairman of Credit Lyonnais, told a parliamentary commission yesterday that the government-backed rescue package for the state-owned bank was insutlicient. "That will come to light. It is not over," said the commission's report, quoting comments Mr Peyrelevade made at a hearing. C
        Reuter  -  90 words
      • Article
        Lock icon Controversial French reactor to restart
        88 8 Reuter PARIS France has authorised a European consortium to restart the controversial Super-Phoenix fast-breeder nuclear reactor for research after it was halted four years ago due to technical problems. An EDF spokeswoman yesterday said the plant would be restarted gradually during the summer. The government
        Reuter  -  88 words
      • Article
        Lock icon Arafat takes up residence in Gaza
        91 8 Bloomberg Business News GAZA Palestine Liberation OrganisatiorUeader Yasser Arafat has arrived in Gaza to begin governing the newly-autonomous Palestinian regions of Gaza and Jericho, the British Broadcasting Corp reported yesterday. Accompanied by his wife and senior PLO officials, Mr Arafat flew to the Egyptian
        Bloomberg Business News  -  91 words
      • Article
        Lock icon UK's Channel 4 to lift budget freeze
        114 8 Bloomberg Business News LONDON The UK's Channel 4 television is planning to lift its three-year-old programme budget freeze and will increase spending by £20 million (Ss46 million) over the next 18 months. The Financial Times yesterday said drama and children's programmes would get
        Bloomberg Business News  -  114 words
    • Article
      Lock icon European Commission wants 24pc rise in China toy quota
      157 8 Reuter BRUSSELS The European Commission said it proposed a 150-million-ECU (*****.8 million) increase in 1994 quotas on toy imports from China after Britain took it to the European Court of Justice. Claire Boussagol, secretarygeneral of the Toy Manufacturers of Europe, told
      Reuter  -  157 words
    • Article, Illustration
      Lock icon German court gives nod to military missions abroad
      468 8 Reuter KARLSRUHE, Germany Germany's highest court ruled yesterday that German troops could take part in military missions abroad subject to parliamentary approval. The Constitutional Court here said it had rejected suits brought by the opposition Social Democrats, who had argued that the
      Reuter  -  468 words
    • Article
      Lock icon Falling output, domestic demand may squeeze Russian oil exports
      407 8 Reuter LONDON Declining Russian crude oil production and rising domestic industrial demand could soon bite into Russian oil exports to the West, says Daniel Yergin. the Pulitzer Prize-winning oil expert. Buoyant Russian exports, despite declining production, combined with higher output from
      Reuter  -  407 words
    • Article
      Lock icon House cuts funds for Clinton's domestic schemes
      489 8 NYT WASHINGTON Squeezed by the rigid spending ceilings that were enacted last year to lower the Budget deficit, the House of Representatives has approved only a fraction of the new money President Bill Clinton sought this year for his main domestic initiatives. In
      NYT  -  489 words
    • Article
      Lock icon Info superhighway to be engine of world's economic growth
      367 8 Reuter LONDON Networks linking telephones, computers and entertainment providers are set to drive economic activity in Britain and elsewhere as users send and receive vast amounts of information. Richard Woollam. director general of Britain's Cable Television Association, yesterday said: "With the
      Reuter  -  367 words
    • Article, Illustration
      Lock icon S African exporters woo buyers from around the world
      669 8 Bloomberg Business News LONDON South African exporters arc setting up their stalls to the world's buyers, hoping to take advantage of a post-election surge of interest in the country from international investors. "More and more we have a whole range of
      Bloomberg Business News  -  669 words
    • Article
      Lock icon US to unveil plans for design overhaul of greenback
      588 9 Move aimed at shielding currency from high-tech counterfeiters Reuter WASHINGTON The Treasury Department, in an effort to shield the US dollar from high-tech counterfeiters, is set to reveal plans this week for the biggest design overhaul of the greenback in 65
      Reuter  -  588 words
    • Article
      Lock icon Men with working wives suffer from salary discrimination, study shows
      380 9 Reuter NEW YORK Corporate prejudice is keeping a lid on the salaries of men with working wives, as the United States' business culture appears to favour one-earner households where women stay home to be with the children, a new study
      Reuter  -  380 words
    • Article, Illustration
      Lock icon Protest against Time & Life
      52 9 Protest against Time Life Reuter NEW YORK Members of the environment group Greenpeace hanging on ropes from the I ime Life Building in Manhattan on Monday as they unfurled a banner to protest the publishing empire's use of chlorine-treated paper in their publications. The three were caught after a four-and-a-half-hour
      Reuter  -  52 words
    • Article
      Lock icon From vending machines soon: plane and concert tickets
      195 9 Reuter WASHINGTON Shoppers should be able to pick up airline tickets along with bread and milk at neighbourhood grocery stores this fall when automated vending machines begin offering a wide range of new products. Mutual funds, concert tickets and money orders are
      Reuter  -  195 words
    • Article
      Lock icon A million security cameras keep eye on Britons
      279 9 AFP LONDON They follow your every move, from streets to shopping malls, to sports stadia and ear parks: more than a million seeurity cameras watch out for Britons lurking with mischevious intent. Following the example of the likes of Birmingham. Newcastle and
      AFP  -  279 words
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      586 8 YQRK SIMPLY MILES AHEAD YORK PACIFIC HOLDINGS LTD (Incorporated in the Republic of Singapore on 14 February 1981) Invitation in respect of 14,500,000 New Shares of $0.20 each comprising:(i) 11,600,000 Offer Shares at $0.55 for each Offer Share by way of public offer; and (II) 2,900,000 Placement Shares at $0.60
      586 words
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      114 9 I. Strange that something I DESIGNED TO PUT OUT S CONTRIBUTE TO STARTING A 5 Bj'Jm FAR MORE B But The Halons in fire Jjjf- I H HAVE BEEN PROVEN TO DAMAGE THE KLtI iSWb Hnl A layer W~ W (0 HjR tt|M THEREBY CONTRIBUTE TO BE bP H h
      114 words
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  • WORLD FOCUS
    • Article, Illustration
      Lock icon The search for a pedestrian president
      591 10 IHT BRUSSELS The European Union narrowed its search for a successor to Jacques Delors on Monday but EU sources said the process appeared to have eliminated the best qualified candidates. Chancellor Helmut Kohl of Germany on Monday formally summoned the other 11 heads of
      IHT  -  591 words
    • Article, Illustration
      A challenging six months ahead for Germany
      958 10  -  Uncertainty in the European Union From Shada Islam The writer, a Brussels-based journalist, contributed this article to BT in BRUSSELS GERMANY, which took over the European Union's presidency on July 1, faces a daunting agenda. Asians want the EU to update its trade
      958 words
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      262 10 Whither prices? Residential property prices doubled over the past three years in a gravity-defying flif//f performance. Will SHJbIIw If 1994 mark the oJJjWKj ALSO IN THIS ISSUE: Office space: The worst is over Frank Tsao: Tycoon with a mission Why companies need a green audit Derivatives: The hard sell is
      262 words
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      Page 10 Advertisements Column 2
      81 10 l I For Further Singapore office EETWHiTHWm Sin g a P ore office B i, f ~«i I David Ling riglrtMlHwilllli Mr Andrew Saunders information ph 22Q 3ggB I|HHHH Ph 222 1333 I contact: Jones Lang Wootton Fax: 221 5775 Fax: 224 5843 The Becutte Housekeeper ihs hotel I 0
      81 words
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      42 11 %'S% .vV 'T"*k' c,'*'t V J* »*V V' wt M jr" v jj-\ f A 7 V l( ij^M^—l i PPmWP WIR 55 SEO EMPAT 2 r4j 1 SB 437 0 *m** r |r V m «w f£ \A.Gflsfcfl] 1 1 —t—■
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      562 12 Congratulations Best Wishes to HAI SUN HfQP GROUP, MITSUI O.S.K. LINES ASAHI TANKER CO., LTD. On the naming and christening of SEO EMPAT lIMV 4*lPr 9 9 ill V —"7 i> iv "OMuotHwt 1 i|llill y ill V. m K «t(<tr»«r7i: 3*l rcuwTKt I I I fmn IWYJ 1 1
      562 words
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      145 13 Congratulations on the christening of SEO EMPAT -v.' i 't. THf." Vn"' an M aaEaunu Ju It J'll M M *!> PH *i> KIM SOON MARINE TRADING PTE. LTD. Block 803 King George's Avenue #01 -186 Singapore 0820 Tel: 299 8221 (5 Lines) Fax: 299 0771 Telex: RS ***** KIMOIL
      145 words
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      200 14 Congratulations Congratulations on the christening of on the christening of SEOEMPAT SEOEMPAT mm if YV (I II If WWHfVii. mm irr'i **W V jl r" V AA I I s ABS Pacific K M m A DIVISION OF THE AMERICAN BUREAU OF SHIPPING 111 AA PETROLEUM PTE LTD Fast Reliable
      200 words
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  • SPORTS
    • Article, Illustration
      Lock icon On course for smooth start
      463 15 British Open Golf AFP TURNBERRY, Scotland Fears of a return of the savage conditions of 1986 began to evaporate with the Ayrshire mist as the practice rounds began for the 123 rd British Open championship here on Monday. The saying goes that if you can
      AFP  -  463 words
    • Article, Illustration
      Lock icon Ballesteros emerging from dry spell
      614 15 NYT TURNBERRY, Scotland He stood in the bunker near the practice green on Monday, his face nearly as clouded and brooding as the Scottish skies. Digging his feet into the sand, he went to work. With each smooth swing that sent sand and ball floating
      NYT  -  614 words
    • Article, Illustration
      Lock icon Four stars on baseball's mountaintop
      795 15  -  Dave Anderson looks at their proud achievements Dave Anderson NYT PITTSBURGH, Pennsylvania Barry Bonds was considered "the best player in baseball" in recent years, but now that title has been awarded to Ken Griffey, Jr. Or should it be awarded to Frank Thomas? Or by
      NYT; AFP  -  795 words
    • Article
      Lock icon Parreira wants to stay alive
      579 16 World Cup semi-finals preview NYT FULLERTON, California Carlos Alberto Parreira, the national team coach of Brazil, used a security-guard escort for his crowded news conference on Monday, but at least his inquisitors were asking questions this time instead of demanding changes. Twelve days ago, he
      NYT  -  579 words
    • Article
      Will Italy's never-say-die attitude prevail?
      571 16  -  By Shahiron Sahari SINGAPORE If you go by the Return-from-the-Dead theory, then this will be Italy's World Cup. This theory, origin unknown, states that teams or players who have stared into the Abyss of Defeat and survive to tell the tale will come to realise
      571 words
    • Article, Illustration
      Lock icon Can Italy survive Bulgaria's trapdoor?
      677 16 AFP NEW YORK Italy cannot avoid stepping on Bulgaria's trapdoor but their coach Arrigo Sacchi believes he knows how to avoid falling through it. Having lured both Argentina and Germany into fatal falls, Hristo Stoichkov and his team-mates go into the semi-fi-nal with their eyes
      AFP; Reuter  -  677 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon World Cup
        479 16 AFP AP AP AFP LOS ANGELES Italian defender Mauro Tassotti was banned for eight matches and fined 20,000 Swiss francs (5523.146) on Monday for breaking the nose of Spain's Luis Enrique. The suspension effectively means the international career of the 34-year-old AC Milan nghtback is over. He will
        AFP; AP  -  479 words
      • Article, Illustration
        Lock icon Baseball
        74 16 Reuter CHICAGO The American Dental Association on Mondav called for a ban on the use of chewing tobacco and snuff by Major League Baseball players during games. "Players are highly visible role models." said John Greene, dean of the University of California School of Dentistry. "Without a doubt studies
        Reuter  -  74 words
      • Article, Illustration
        Cycling
        90 16 BLRGKRAC, France lour de France 9th stage (64-km individual time trial) leading placing* on Monday: I Miguel Indurain (Spn) Bancsto one hour 15 minutes and 58 seconds 2 Tony Rominger (Swi) Mapci Clas 2 mins behind 3 Armand De Las Cucvas (Fra) Castorama 4.22 4 Thierry Marie (Fra) Castorama
        90 words
      • Article, Illustration
        Lock icon Golf
        240 16 AFP Reuter GLOVERSY ILLfc, New York A teen-age golfer, angry with himself over a poor shot, was killed when he broke his golf club over a bcnch and a portion of it snapped back into his heart, authorities said on Monday. The youth was identified as 16-year-old Jeremy Brenno.
        AFP; Reuter  -  240 words
      • Article, Illustration
        Lock icon Tennis
        97 16 Reuter STOCKHOLM Sweden's Davis Cup squad has been hit by another injury with Magnus Larsson following Magnus Gustafsson in pulling out of this weekend's quarter-final against France. A Swedish Tennis Federation spokeswoman said yesterday Hcnrik Holm. Jan Apell and Jonas Bjorkman would join Swedish number one Stefan Edbcrg in
        Reuter  -  97 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      48 15 Congratulations on the christening of SEO EMPAT V v T >»* A r tr. ',Q; j* M 2 -"iff .1 I LrisETifHELii SIN»IL PETROLEUM PTE LTD 5001 Beach Road #09-96 Golden Mile Complex Singapore 0719 Tel: (65) 299 9722 (4 Lines) Fax: (65) 299 9711 Telex: RS ***** SINOIL
      48 words
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      Page 15 Advertisements Column 2
      40 15 Congratulations on the christening of SEO EMPAT S -it'. mm T .ittife.. Til TRAMP OIL (Far East) Re. Ltd. 70 Shenton Way #18-01 C Marina House Singapore 0207 Tel: 221 1255 Tlx: RS ***** TRAMP Fax: 227 0420 Cable: TRAMPOIL
      40 words
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  • Page 16 Advertisements
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      72 16 Congratulations on the christening of SEO EMPAT 1 M J M if"' i(iif jT^nniii~ A j KIM TIONG ENTERPRISES PTE LTD Block 803 King George's Avenue #02-194/196 Singapore 0820 Tel: *****73 (6 lines) Fax: *****36 Congratulations on the christening of SEO EMPAT fl ikt <T> ft *JW J#. Vr >!/
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      23 16 Our auto listings iiinn V f ctOAIF l/AII to The Straits Times VII JVU Classified for the best wrong! dea s on wheels--737-1166
      23 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Kicking high
      430 17  -  An all-female cabaret troupe with a large following of women tans in Japan is set to wow audiences in London. Peter Millership reports Peter Millership Reuter AN ALL-female Japanese troupe, which decades ago combined Broadway glitz with Japan's classical theatre, brought its mixture of kitsch and fantasy to
      Reuter  -  430 words
    • Article, Illustration
      Lock icon Action film draws flak from Muslims in US
      714 17 CHATTERBOX UPI Reuter AP AP AP AP SEVERAL Arab-American organisations announced on Monday they plan to protest outside some of the premieres of True Lies this weekend because they feel the action film stereotypes Muslims as terrorists. The plot of the 20th
      UPI; Reuter; AP  -  714 words
    • Article
      Lock icon Business books booming
      699 17  -  In America's post-recession era of down-sizing, business books possess the write stuff, reports Dallas fcatewood Dallas Gatewood Los Angeles Times-Washington Post SALLS of business books are exploding and publishing companies have responded with a bewildering array of titles on the hot topics. The Book Industry Study Group,
      Los Angeles Times-Washington Post  -  699 words
    • Article, Illustration
      Lock icon Theft at the Louvre
      546 18 Handle fragile pastel with care, worried museum officials appeal to robber Reuter THE LOUVRE museum in Paris, shaken by the theft of a 17th century French drawing, tightened security on Monday and appealed to the robber to treat the fragile work delicately The thief cut the
      Reuter; AFP  -  546 words
  • Page 17 Advertisements
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      345 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO TRIANGLE SHIPPING COMPANY PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting ot the Company convened and held at 36 Robinson Road, #15-00 City House. Singapore 0106 on 11 July 1994. the following resolutions were duly passed 1. SPECIAL RESOLUTION
      345 words
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      Page 17 Advertisements Column 2
      188 17 S?jlf 5%6 H The Teleview m m Market With VP VI r\r£? llgvj J^lj p^)jb M Here is a uni( l ue Sfef^ Cs?;i.l opportunity to: ■y^rO/Wfej"l &tr?lM Widen the market for your Teleview's members are in the J£h. ■y W yu( products and services market for a wide range
      188 words
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      77 18 BSfe it jfH Wk V y^/sPßsi^^HHra r t^L ft Ml r^/J I|ma Er*J| Py At Risis. we cover the most unlikely things with gold. These chopsticks, tor instance. And eggs. And walnuts. Even orchids. The gold we use is always 24 carat, nothing less. |Cl#l# Purer than the gold used
      77 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      1294 18 An Gary July Qucntin) and Bill (Clivc Owen) fj jf^l on verge of HBf Things get really hot with the Br ft*/ *^l arrival of Dan, Monica's lover. pMHI& JWi j-i^TI and lan, Bills best mate, who raffia 'tfr t j j L Vyj^B has come to pursue the lovely
      1,294 words
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      1039 19 Nothing Beats A Bud, where wine, dine and entertain Of LET S TALK OVER LUNCH I Seafood Theatre Restaurant proudly presents a series of monthly luncheon talks by expert well-known personalities. lulv 16 lulv 30 Can Read But Aromatherapy Does Not Want To Read Total Well-being by Mrs Maha Sripathy
      1,039 words
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      Page 19 Advertisements Column 2
      307 19 INTO THEttZITWNT.T^ Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Free parking in the evening. Showtimes: B.oopm to 8.30pm 9.30pm to 10.00pm iS 8 7ih floor. Ovftvu Union House. Coilyrr Quay Sngjporc 0104 Trl 224)922
      307 words
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  • REGIONAL ANALYSIS
    • Article, Illustration
      Pawns in Cambodian power play
      1192 21  -  The abortive coup in Cambodia HARISH MEHTA HARISH MEHTA The writer is a B I correspondent specialising in Indochina affairs UST four days after being I outlawed by the CambodiI an government, the Khmer Rouge guerillas retaliated on Monday by forming their own government with
      1,192 words
    • Article, Illustration
      The lure of the Golden Quadrangle
      746 22  -  Special to BT JAMES MICHENER JAMES MICHENER The writer is the editor of the inflight magazine of Lao Aviation. He is based in Vientiane, Laos. SMALL cargo boats now ply the Mekong River between Jinghong in Yunnan and Chiang Khong in Northern Thailand. Not
      746 words
    • Article, Illustration
      Lock icon Will Mekong prosperity remain a pipe dream?
      1505 23  -  Special to BT The Mekong Golden Quadrangle CHRISTOPHER BRUTON CHRISTOPHER BRUTON The writer is the director for Thailand and Indochina for Dataconsuli Ltd based in Bangkok DREAMS are the flip side of reality, any hard-nosed politician will tell you. The dream of an
      Source:  -  1,505 words
    • Article
      Mekong four get their act together, finally
      1244 23  -  Harish Mehta examines the future of multi-billion-dollar development projects being promoted by the Mekong Committee Harish Mehta The writer is a BT correspondent specialising in Indochina affairs AFTER being in limbo for two years, the Mekong Committee has at last resolved the differences
      1,244 words
  • Page 21 Advertisements
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      58 21 YgHK SIMPLY MILES AHEAD YORK PACIFIC HOLDINGS LTD (Incorporated in the Republic of Singapore) Initial Public Offer of 14,500,000 Shares and listing on SESDAQ Manager, Lead Underwriter and Placement Agent N M ROTHSCHILD SONS (SINGAPORE) LIMITED Co-underwritten by ABN AMRO (Asia) Ltd Deutsche Bank AG, Singapore Branch July 1994 This
      58 words
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      Page 21 Advertisements Column 2
      93 21 n j —ltnX 64,000 TRADE CONTACTS HONG KONG WOULD LIKE TO SHARE Hong Kong's prosperity is founded on creating success for its trading partners. With a database of over 64,000 local manufacturers, importers and exporters, the Hong Kong Trade Development Council can introduce you to all the right business contacts.
      93 words
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      429 22 I I JM—J—m U When one chooses a To someone as discerning as a Camry 2.2GL But what could be more convincing to buy a car as uncompromising as driver, The Wentworth Club in England is well Camry 2.2GL, than an elegantly stylish, enviably the Camry 2.2GL, a car known.
      429 words
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      338 23 U E] jaw B U H Srfft 1 i m SHELL m SHELL g ACTION g MIDLAND g AVENUE g NORTH PERTH "ff Bar and Restaurant g LEEDERVILLE H ROADHOUSE FOOD BARN H CENTRAL H 11 1 NEWCASTLE STREET H TEEES* 'iSST"- B M c- v cu-11 .in unr l«a<0
      338 words
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  • Article
    More a photo-op than a summit
    363 24 EDITORIAL IF THE world didn't expect much from the Group of Seven (G-7) summit, which concluded in Naples on Sunday, it probably got even less. The gathering proved the cynics right by turning out to be little more than a prolonged photo opportunity. Stripped
    363 words
  • WHAT THE OTHERS SAY
    • Article
      The long-term dividend
      320 24 IN FUTURE, more Singaporeans will have money in the stock market because they are allowed to put more Central Provident Fund savings there and because government policy encourages investment in privatised state corporations. That, in turn, is likely to make more Singaporeans more aware of share dividends.
      320 words
    • Article
      China holds the key
      159 24 THE SUDDEN DEATH of Kim II Sung has taken the world by surprise. What will happen to the Korean peninsula if the proposed summit between leaders of the two Koreas fails to take off? His son and successor, Kim Jong 11, has long been prepared to
      159 words
    • Article
      Humdrum affair
      207 24 THE general expeetation about this year's G-7 summit was that it would not be able to reach any important decisions on pressing economic issues other than harping on old tunes. This was proven right. There are two reasons why the summit has evolved into a predictable routine. Firstly,
      207 words
    • Article
      Lame-duck ombudsman
      206 24 IT IS the job of the ombudsman to be a thorn in the side of government. It is not his business to understand the problems and constraints on the poor hard-pressed bureaucracy, but to stand up for the little man against the abuse of bureaucratic power. If that
      206 words
    • Article
      Time to join the world
      160 24 THE DEATH of North Korean President Kim 11-Sung bodes ill for the North-South Korean summit. It is hoped that the summit, which is postponed indefinitely, will take place after an appropriate hiatus to mark Kim's demise. As a political opening, the summit offers the possibili-
      160 words
    • Article
      Prove guilt or return them
      204 24 FOREIGN MINISTER Prasong Soonsiri declared that Thailand would ease all contacts with the Khmer Rouge following Phnom Penh's decision to outlaw the Maoist guerillas responsible for the deaths of over a million Cambodians during a reign of terror in the *****. In the meantime, we
      204 words
    • Article
      A chance to mend ties
      141 24 DESPITE bitter opposition from some quarters, the bill to outlaw the Khmer Rouge has been passed unanimously by the National Assembly of Cambodia. MPs voted 103-0 in favour of the bill. Seventeen members of the 120-seat legislature were absent. The Chuan government and the Thai
      141 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      153 24 Ac Federal Express we take a highly balanced view of all we do. Which is why we believe j in shipping heavy freight with the same efficiency and speed as smaller packages. Simply because that's the way the real world operates. For example, what good is shipping a customer's software
      153 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      71 24 /PegMfrPsTHe cleaning <yw septf" IS ST\\JL\ I 7 look Zz SWC Of] roD«^ ,DN T COrne ,N J \U>iP«m.... y -Wis R-PCG. \T S y V_LIZ— I ly~ V J w P.LL gcuT~~) a«g- POONESBURY GARRY TRUDEAU Mvw£N&,p/PNrYou I SSJ!^SISKIV!&?' JUST know imFmmus HM| P P UJOOLP TAK3 The OX
      71 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon The case for internationalising the yen
      942 25  -  Nobuyuki Oishi explains why Miti wants to see the yen play a bigger international role and stimulate the financial markets in Tokyo Nobuyuki Oishi The Nikkei Weekly A LONG-TERM plan to promote internationalisation of the yen is emerging as a way to reduce risks
      The Nikkei Weekly  -  942 words
    • Article, Illustration
      Turning to a new page in a long history
      1229 25 Reproduced below is the text of the speech by (NS) George Yeo, Minister for Information and the Arts, at the Indian 5,000 Years of India at the National Museum LLf*\ N AN official visit to India in March 1992, Deputy Prime
      1,229 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      86 25 dn3k jf74v Hjf 9 TOPS.. Find more listings on homes, apartments and condos! New and used cars, trucks and vans. Employment listings in every field! EES Merchandise, services, holidays, course training and much more! The Straits Times Classified delivers! Looking to find a place to live? Need Transportation? Want a
      86 words
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  • Article
    Lock icon Japanese ministers hint of fiscal action to halt yen's rise
    540 26 Reuter TOKYO Japanese ministers yesterday said Tokyo might take further fiscal action to prevent the yen from derailing the fragile recovery. As they met for a Cabinet meeting, the mighty yen rose to a new high against the US dollar,
    Reuter  -  540 words
  • Article, Illustration
    Lock icon Hoping to go to the land of their fathers
    55 26 AFP PAMPANGA, Philippines Filipino Amerasians showing photographs of their American fathers yesterday as they waited for their turn to register for American citizenship. Thousands of Filipino Amerasians were left behind by American servicemen when the United States pulled out of its
    AFP  -  55 words
  • Article
    Lock icon N Korea wants new meeting with South before summit
    333 26 AFP BEIJING North Korea wants another meeting with South Korea before the two sides sit down to the summit delayed by the death of President Kim II Sung, a Japanese international affairs specialist said here yesterday after returning from Pyongyang. Kaoru
    AFP  -  333 words
  • Article, Illustration
    Undeniable case for making the G-7 more representative
    883 26  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer. BT's Tokyo correspondent, covered the G-7 summit in Naples THIS year's so-called G-7 summit in Naples became the G-8 when Russian President Boris Yeltsin joined in the political sessions. But are seven or
    883 words
  • Article
    Lock icon NBC to launch Asian business news service
    133 26 Reuter SINGAPORE The United States-based national television network. National Broadcasting Co (NBC), plans to introduce a satellite-delivered programming service for business audiences in South-east Asia from Aug 1. The new service, to be known as ANBC. will be based around programmes broadcast by
    Reuter  -  133 words
  • Article
    Lock icon Thai group wins contract for first railway to Laos
    193 26 AFP BANGKOK The Thai Sahaviriya group has been awarded the contract for an ambitious project to build a railway line to Laos which could eventually help connect Thailand to China. Thailand's Transport ViceMinister Charas Puachuay received confirmation of the deal during
    AFP  -  193 words
  • Article
    M'sia to get its first financial weekly
    397 26  -  By Catherine Ong SINGAPORE The Malaysian government has given a licence to a group of prominent bankers and businessmen to launch the country's first financial weekly. The Edge, a publication which will focus on SouthEast Asian business and finance, will hit the streets
    397 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      57 26 COMPAQ. IB Authorised Dealer For Singapore China! MICRQ PRIME RAFFLES PLACE OFFICE BUILDING For Sale by Tender Sale With Reserve Price Site Area Approx. 293.4 sm (3,158 sf) Floor Area Approx. 3,123 sm (33,000 sf) Tenure 999 years Tender closing date on Thursday, 11 Aug 1994 at 3 pm. For
      57 words
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      Page 26 Advertisements Column 2
      59 26 Murayama under fire over soaring yen, Pg 7 Singapore Kuala Lumpur NGEE ANN OOEON TOWERS MENARA IMC CITY (Opp Rallies U (Opp Shangri-La HoUl) (Orchard Road) Holal) A ssJzSb-tK QUALITY INSTANT OFFICES Tel 65-*****43 Fax 65-*****76 Mrcentre If you just want a prestigious address, a secretary to answer your telephone
      59 words
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      Page 26 Advertisements Column 3
      49 26 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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      Page 26 Advertisements Column 4
      304 26 ENHANCE mumrn Memory Products Inc. j 7 I MICRO Upgrades For Your PC m MANDARIN 3-IN-l READING COMPREHENSION, PUBLIC SPEAKING CHINESE WORDPROCESSING jill Are your senior executives mainly English-educated with some command of simple conversational Mandarin? Are |||1 they frustrated because their Mandarin is just not good 1111 enough? Ssffl
      304 words
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  • COMPANIES & MARKETS
    • Article
      Timber firm MGR setting up M$ 15m integrated plant
      475 27  -  By Agnes Chen SINGAPORE Sabah timber company MGR Corporation Bhd has invested MS 15 million (558.76 million) in a new integrated plant on a 16-ha site in Sepanggar Bay. Kota Kinabalu. with production expected to be in full swing by December.
      475 words
    • Article
      Players rejects JC-MPH takeover offer
      151 27  -  From Florence Chong in SYDNEY AUSTRALIAN biscuit company Players has officially rejected a takeover oiler from Singapore-based Jack ChiaMPH. In a response document known as Part B statement. Players said yesterday the offer of 85 cents a share was inadequate. It now appears that JCMPH
      151 words
    • Article, Illustration
      CCL to launch new condo in September
      242 27 SINGAPORE Cycle Carriage Ltd (CCL) plans to launch its 87-unit condominium in the Hillview area MeraLodge in September. In a statement yesterday. CCL Properties (Hillview) Pte Ltd. a subsidiary of listed CCL, said the 10-storey single block condominium would have apartments ranging from
      242 words
    • Article
      York shares: 17pc chance for single-lot applicants
      201 27 SINGAPORE Investors who applied for single lots of York Pacific's shares stand a 17.5 per cent chance of being successful, while those who applied for more than a million shares have a 67 per cent chance of getting 24 lots each. York Pacific,
      201 words
    • Article
      Tenaga's grip on power business remains as strong as ever
      823 27  -  HOCK LOCK SIEW Bv S N Vasuki SINGAPORE Tenaga Nasional Bhd has been facing the heat in the stock market over rumours that the introduction of a National Power Code later this year will have an adverse impact on its
      823 words
    • Article
      Lock icon New merger plan possible, says Rothmans (M)
      501 27 Bernama SUBANG JAYA Rothmans of Pall Mall (Malaysia) Berhad believes that it may be possible to propose a new plan to establish a regional holding company. managing director Anthony Jones said yesterday. "It may be possible to come at the proposal from a
      Bernama  -  501 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        45 27 Mixed Market Minnit' indicates the likely trading si-ntiment today hasiil on brokers /tolled at 5-rt/wi yesterday Overnight events may alter sentiment Brokers /tolled Alliance. Barings, h'raser. UK (ioh. Morgan (irentell Phillip. Smith Am C ourt. Il l C 'arr and S<J M arhttrg
        45 words
      • Article, Illustration
        HOT STOCK
        156 27  -  -By Paul Leo United Industrial Corp. which has been trading between 51.16 and $1.35 since mid-April, breached support at Si.l 6 to end at Si. 15 yesterday, it will slip towards the next support at Sl.OO in the short term but holders should not panic. Technical factors indicate
        156 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Sembawang unit wins $50m contract
          59 28 SINGAPORE Sembawang Projects Engineering Company, a member of Sembawang Corporation, has been awarded a contract worth more than $50 million for part of the work on a linear polyethylene plant on Pulau Ayer Merbau. The plant, owned by Phillips Petroleum Singapore Chemicals, will be able
          59 words
        • Article
          Orchard Parade gets share nod
          30 28 SINGAPORE Orchard Parade Holdings said yesterday it had obtained in-principle approval to list and quote its placement of 4.35 million new shares at $11 apiece.
          30 words
        • Article
          Aztech top in Germany for sound cards
          78 28 SINGAPORE Local firm Aztech Systems is the largest supplier of computer sound cards in Germany and the second largest in Western Europe, according to market analyst IDC UK. Aztech, which makes multimedia products such as 16-bit sound cards and CD-ROM drives, has 37
          78 words
        • Article
          Property arm for Liang Court
          59 28 SINGAPORE Liang Court Holdings has set up a wholly owned subsidiary in Singapore, Liang Court Realty, to market and deal in foreign and local properties. Liang Court Realty has authorised capital of $100,000 divided into 100,000 shares of $1 each and paid-up capital of $2
          59 words
        • Article
          Lock icon KOI to invest in clinker business
          108 28 Bernama KUALA LUMPUR In its effort to be a leading cement-tim-ber-based group, Kwong Onn Industries Bhd (KOI) will invest between MSSOO million (SS29I million) and MSBOO million for its new upstream venture in the cement clinker business. "We are now negotiating for a plant
          Bernama  -  108 words
        • Article
          Lock icon Staff at Mercantile told to find new jobs
          96 28 Bernama KUALA LUMPUR The Director-General of Insurance has advised the remaining 390 employees in financially troubled Mercantile Insurance Sdn Bhd to look for jobs elsewhere. However, they should not confine themselves to insurance but also look for jobs in the banking, finance
          Bernama  -  96 words
        • Article
          Lock icon Saudi prince eyes Thai paper firm
          74 28 AFP BANGKOK A Saudi Arabian prince has become a prospective investor in a Thai pulp and paper company, the Saudi Embassy said yesterday. Prince Abdullah MA Al-Saud flew to the north-eastern province of Khon Kaen on Monday to tour the Phoenix Pulp and Paper
          AFP  -  74 words
      • Article
        Lock icon PNB denies pulling out investments from KLSE
        368 28 NST KUALA LUMPUR Permo dalan Nasional Bhd (PNB) will not make investment decisions solely to prop up share prices on the Kuala Lumpur Stock Exchange (KLSE), but will continue to base them on market fundamentals and sound analysis, its acting chief executive Mohamed
        NST  -  368 words
      • Article
        Causeway gets standby loan from 3 shareholders
        231 28 SINGAPORE Industrial equipment company Causeway Investment has arranged a $7.5 million loan from three of its major shareholders. The company said yesterday the move was a stand-by arrangement to cover a payout on loan stock due to be redeemed on Oct 20 this
        231 words
      • Article
        Lock icon Datuk Keramat's profit soars to M$ 108m after UMBC acquisition
        227 28 Bernama KUALA LUMPUR Datuk Keramat Holdings Berhad chalked up a group pre-tax profit of M$ 108.39 million (5562.8 million) for the year ended Jan 31, 1994, up 1,386 per cent from M 57.30 million in the same period in 1993.
        Bernama  -  227 words
      • Article
        Hong Leong, Kuok groups eye Manila army base conversion
        467 28  -  From Al Labita in MANILA TWO of Malaysia's corporate giants are among 17 companies interested in bidding for Manila's biggest privatisation project the 460-ha Fort Bonifacio army camp. The Hong Leong and Kuok groups have notified the Bases Conversion Development Authority
        467 words
      • Article, Illustration
        Indon sports-shoe maker plans IPO
        461 28  -  From William Chia in JAKARTA INDONESIAN sports-shoe maker PT Bintang Kharisma plans to raise 28 billion rupiah (S$ 18.9 million) through an initial public offer. The IPO will comprise 10 million shares, or 40 per cent of Bintang Kharisma's enlarged capital of 25 million shares,
        461 words
      • Article
        Lock icon Olympia plans to lift stake in KL Landmark
        162 28 Bernama KUALA LUMPUR Olympia Industries Berhad plans to acquire an additional 19 per cent equity interest in Kuala Lumpur Landmark Sdn Bhd through 8.17 million Msl shares for M 58.89 million from Duta Credit Sdn Bhd. D C Sakura Merchant Bankers Bhd
        Bernama  -  162 words
      • Article
        Lock icon Select Philippine stocks become bargains as slump nears bottom
        354 28 Reuter MANILA Some of the Philippines' best-known stocks have become bargains as the market slump nears its bottom, giving investors the chance to position for an expected runup later this year. "Some stocks have really fallen (such) a long way that
        Reuter  -  354 words
      • Article
        CDL Hotels pays £20m for Bailey's in London
        390 28  -  By A J Leow SINGAPORE Hongkonglisted CDL Hotels International (CHIL) has bought a third hotel in eentral London, this time for £20 million (5547.4 million). The price for the purchase of the 162-room Bailey's Hotel includes a row of adjoining shops and
        390 words
      • Article
        Binariang calls off sale of stake to foreign parties
        412 28 KUALA LUMPUR Telecommunications firm Binariang Sdn Bhd has called off its plan to sell 30 per cent of its equity to foreign parties, a report The Star said. Instead, the company had decided to engage a foreign consultancy firm to help
        412 words
      • Article
        UNIT THUSTS & FUNDS
        546 28 UNIT THUSTS FUNDS MaMgart' pnc« (J) Jul 13 UMB Invest Mgt Ltd fl«»»nnr« llaait Tntet Unifund 1.41 1.46 Singapore unit irusx umbondf 103 1.055 The Commerce 1.58 1.67 United Gr Fund! 1.63 1.69 The Savings Fund 1.49 1.58 United Asia Fund 1.57 l.67« S'porc Prog Fund 068 0.72 j, S'porc
        546 words
      • Article
        Lock icon Japanese firms' profits to fall 10.2 pc if US$ drops to 95 yen: survey
        347 30 AFP TOKYO Japan's major 200 listed companies expect combined pre-tax profits to plunge 10.2 per cent this year if the dollar stabilises at 95 yen, according to a newspaper survey published yesterday. This would result in
        AFP  -  347 words
      • Article
        Lock icon Swire-Crown Cork's US$ 41m Viet cannery venture approved
        336 30 FT BANGKOK Vietnam has approved a US$4l million (SS62 million) joint venture by Swire Pacific of Hongkong, Crown Cork and Seal of the US and two Vietnamese state companies to make aluminium beverage cans in the north of the country, Swire Pacific
        FT  -  336 words
      • Article, Illustration
        Lock icon Pakistan's one and only brewery
        50 30 Reuter RAWALPINDI, Pakistan A worker of Pakistan's only brewery, the Murree Brewery Company, packing a carton of 24 bottles of beer on Monday in Rawalpindi, near Islamabad. The brewery, founded in 1861, is not allowed to advertise its alcoholic products in the Islamic country Reuter
        Reuter  -  50 words
      • Article
        Lock icon Bausch & Lomb expects lower earnings in 2nd quarter, starts buying back shares
        221 30 Bausch Lomb expects lower earnings in 2nd quarter, starts buying back shares Bloomberg Business News ROCHESTER, New York Bausch Lomb Inc said it expects to earn 53 to 55 US cents a share in the second quarter, down from a year-ear-lier 78 US cents, after reducing inventories of sunglasses and
        Bloomberg Business News  -  221 words
      • Article
        Lock icon Mattel claims victory in battle for Scrabble
        287 30 AP LOS ANGELES Mattel Inc says it has won the battle for Scrabble. The company said on Monday that it had commitments for more than 50 per cent of the shares of British board game maker J W Spear and Sons, outbidding rival
        AP  -  287 words
      • Article
        Lock icon China power company gets clearance to list in NY
        191 30 Reuter HONGKONG China's Shandong Huaneng Power Development has been approved for listing on the New York Stock Exchange subject to official notice of issuance. Market sources close to the deal yesterday said the listing was scheduled for early August. The company
        Reuter  -  191 words
      • COMPANY BRIEFS
        • Article
          Lock icon Shanghai firm delays HK listing
          62 30 Reuter HONGKONG Shanghai Hai Xing Shipping Co Ltd has postponed its Hongkong listing, Hai Xing's sponsor Morgan Grenfell Asia (Hong Kong) Ltd confirmed yesterday. "Due to the prevailing market conditions and the uncertainties existing in the world's financial markets, Shanghai Hai Xing Shipping Co Ltd
          Reuter  -  62 words
        • Article
          Lock icon FCL nets NZ$ 218m from property sales
          89 30 Reuter WELLINGTON Fletcher Challenge Ltd yesterday said it had received NZ$2lB million (SSI99 million) in proceeds from sales, announced in April, of five properties in Auckland and Wellington. The proceeds will be used to retire debt, it said. FCL received NZ$55 million for
          Reuter  -  89 words
        • Article
          Lock icon Woolworths sales up 9.5 pc to A$ 11.5b
          91 30 Bloomberg Business News SYDNEY Woolworths Ltd, Australia's second largest retailer, yesterday said sales in the year ended June 26 rose 9.5 per cent from a year earlier to A$ 11.5 billion (S$ 12.7 billion), exceeding the company's prospectus forecast. The company had
          Bloomberg Business News  -  91 words
        • Article
          Lock icon Japan firm's India light bulb tie-up
          87 30 AFP NEW DELHI Japan's lwasaki Electric Company Ltd has signed an agreement with an Indian firm to market industrial light bulbs to third countries, company officials said here yesterday. lwasaki, the world's fourth largest producer of high-intensity lamps, and India's Solarson Industries Ltd will
          AFP  -  87 words
        • Article
          Lock icon Tomkins profits leap 50pc
          80 30 Reuter LONDON Anglo-US conglomerate Tomkins pic posted a 50 per cent leap in annual profits on Monday, the 13th consecutive record year, thanks to a first full contribution from baker Ranks Hovis McDougall (RHM). Pre-tax profits rose to £257 million (Ss6o6 million) in the year to
          Reuter  -  80 words
      • Article, Illustration
        Lock icon Australis plans programming deal after winning pay TV licence
        458 30 Reuter SYDNEY Australian pay television operator Australis Media Ltd said it is planning a programming deal with one or more major international film studios after winning the remaining Sydney microwave pay TV licences. Australis chief executive officer Neil Gamble told Reuters
        Reuter  -  458 words
      • Article
        Lock icon JVC slips out of high stakes world of movie-making and into film distribution
        467 30 Bloomberg Business News TOKYO Five years ago. Victor Co of Japan led a charge by Japanese electronics makers into the glamorous world of movies when it earmarked US$lOO million (SS 152 million) to set up a Hollywood
        Bloomberg Business News  -  467 words
      • Article
        HK securities body blasts ex-CEO of Stanchart Sec
        317 30  -  From Lim Soon Noo in HONGKONG THE Securities and Futures Commission yesterday issued a statement reprimanding Raymond Theodoulou, the former chief executive officer of Standard Chartered Securities Ltd (SCS), in relation to malpractices for which SCS was recently publicly criticised. It said
        317 words
      • Article
        Lock icon France Telecom rings up higher profit of 4.8b francs
        216 30 FT PARIS France Telecom, the state-owned telecommunications operator, has announced a sharp jump in net profits for last year from 3.3 billion francs (***** million) in 1992 to 4.8 billion francs. The increase was achieved on higher sales, from 122.6 billion
        FT  -  216 words
    • FINANCE & COMMODITIES
      • Article
        S'pore banks expected to post excellent interim profit growth
        420 31  -  By Quak Hiang Whai SINGAPORE Listed Singapore banks can expect to report excellent interim earnings growth again if the latest monthly statistics by the Monetary Authority of Singapore is any indication. According to the MAS report, bank credit to non-cus-tomers expanded
        420 words
      • Article
        S'poreans can invest in Indian sub-continent unit trust soon
        237 31 SINGAPORE Singaporeans will soon be able to participate in the economic growth of the Indian sub-continent through CL Regional India Fund. Managed by Credit Lyonnais International Asset Management and marketed by Citibank, the open-ended fund, or unit trust, will invest in
        237 words
      • Article
        Property firm Scotts Hldgs secures $162 m loan
        162 31 SINGAPORE DBS Bank has finalised a $162 million financial package for Scotts Holdings. This loan, according to a Scotts statement last night, will be used to finance the firm's working capital needs and future investments and refinance its borrowings. There are 10
        162 words
      • Article
        Lock icon KL firm to help Indian bank set up debt market division
        359 31 Reuter BOMBAY Malaysia's TA Enterprise Berhad signed an agreement with India's new private sector bank. Global Trust Bank (GTB) to help set up a debt market division. GTB's chief executive Ramesh Gelli said. "We see a lot of opportunity
        Reuter  -  359 words
      • Article, Illustration
        Lock icon Queueing for greenbacks
        52 31 Reuter CARACAS Tourists and Venezuelan citizens waiting in line in front of a currency exchange house to buy US dollars on Monday. Venezuela's private banks and exchange houses were not ready to restart currency trading on Monday because the government had not completely explained changes in the
        Reuter  -  52 words
      • Article
        Pilot scheme to mediate insurers' disputes
        311 31  -  By Soh Tiang Keng SINGAPORE A pilot project enabling Singapore's insurance companies to settle their disputes through arbitration has been launched. Participating in this pilot scheme are the Insurance Corporation of Singapore (ICS) and the Asia Insurance Company. Both firms have signed separate participation
        311 words
      • Article
        Lock icon CBOE plans 2 more emerging markets indices
        276 31 Reuter CHICAGO The Chicago Board Options Exchange (CBOE) yesterday said it had filed with the Securities and Exchange Commission (SEC) to trade options on two new indices based on emerging markets. The options will be based on an Asian emerging markets index and
        Reuter  -  276 words
      • Article
        Lock icon Citibank to launch HK$ lb mortgage-backed securities
        488 31 Knight-Kidder HONGKONG Citibank's HKSI-billion (SSI96 million) issue of mortgage-backed securities is due to be launched today or tomorrow, with the market wondering who will buy the paper. Although the market is showing a healthy appetite for floating-rate certificates of deposit (FRCDs) from established
        Knight-Kidder  -  488 words
      • Article
        Lock icon Japanese bank loans down for first time since war
        235 31 Bloomberg Business News TOKYO The average amount of loans outstanding made by Japanese banks during the year through June decreased 0.1 per cent to 516.46 trillion yen (557.91 trillion), the Bank of Japan said the first decline in the postwar era.
        Bloomberg Business News  -  235 words
      • Article
        Lock icon Ample liquidity in M'sian banking system in May
        172 31 Bernama KUALA LUMPUR Liquidity in the banking system remained ample in May this year, as seen by the higher holding of excess liquid assets of MS2.O billion (SSI. 16 billion) from MS 1.6 billion at end-April. Bank Negara, in its May Monetary
        Bernama  -  172 words
      • Article
        Lock icon IBJ plans to introduce new investment trust, management firm
        237 31 Bloomberg Business News TOKYO IBJ NW Asset Management Co, the management arm of the Industrial Bank of Japan, plans to launch a new investment trust and management company. IBJ yesterday said it needed approval from Japan's Ministry of Finance before the
        Bloomberg Business News  -  237 words
      • SMALL CHANGE
        • Article
          DBS puts together US$ 33m loan
          74 31 SINGAPORE DBS Bank says it has put together a US$33 million (SSSO million) loan facility with the Citizen National Bank International (Singapore) Ltd and Korea Development Bank International for the Citizen National Bank Leasing Hongkong Ltd. The five-year facility has an interest rate fixed
          74 words
        • Article
          Lock icon Merrill to turn brokers into banks
          91 31 Bloomberg Business News LONDON Mike Giles, chairman of Merrill Lynch International Bank Ltd. a UK arm of the Wall Street financial services company, is converting the group's brokerage offices in Europe into banks, the Wall Street Journal Europe reported yesterday. Merrill wants to take
          Bloomberg Business News  -  91 words
        • Article
          Lock icon Visa opens office in Beijing
          68 31 Reuter HONGKONG Credit card company Visa International said it had opened an office in Beijing to service seven member banks in China. The company said Frank Lee, who joined Visa in 1982 and has worked in the company's systems development, engineering. finance and market development
          Reuter  -  68 words
        • Article
          Lock icon Advance posts record profit of A$ 101 m
          108 31 Bloomberg Business News SYDNEY Advance Bank of Australia Ltd, a regional bank with most of its operations in the state of New South Wales, yesterday posted record full-year net profits on a sharp decline in bad debts and a surge in home
          Bloomberg Business News  -  108 words
        • Article
          Lock icon Saudi Investment Bank doubles capital
          103 31 Reuter RIYADH Saudi Investment Bank (SAIB) said it was doubling its capital to 180 million rivals (SS73 million) by issuing bonus shares. SAIB would make a one-for-one basis by transferring 90 million rivals from reserves to capital. The bank said in an unaudited statement of
          Reuter  -  103 words
        • Article
          Lock icon Ruentex to launch US$ 50m bond sale
          87 31 Bloomberg Business News TAIPEI Ruentex Construction and Development Corp will launch the sale of USSSO million (SS76 million) of bonds overseas this week, company spokesman Ych Tien-chcng said on Monday. He said Ruentex plans to raise USSSO million in order to finance real
          Bloomberg Business News  -  87 words
      • Article, Illustration
        Lock icon Wheat Council expects new accord on contributions soon
        377 32 Reuter LONDON Member countries of the International Wheat Council have failed so far to draft a new trade accord due to disagreement over contributions, but the issue should be resolved soon, the IWC chairman said yesterday. "We are optimistic we will reach
        Reuter  -  377 words
      • Article
        Lock icon Total sees increase in oil, gas production in high growth zones
        389 32 Platt's Oilgram PARIS Total expects a "marked increase" over the next two to three years in its oil and gas production outside the Middle East in "several high growth zones", according to Serge Tchuruk, its chairman, in the company's
        Platt's Oilgram  -  389 words
      • Article
        Lock icon Small growth seen in Asian cocoa output despite good weather
        381 32 Reuter KUALA LUMPUR Despite good weather so far this year, cocoa output in key Asian producers Indonesia and Malaysia is unlikely to rise dramatically. traders and analysts say. Asian sellers hope dry weather in leading world supplier the Ivory Coast
        Reuter  -  381 words
      • Article
        Lock icon Amoco signs US$ 79m in South China Sea oil deals
        178 32 Bloomberg Business News SHLKOU, China Amoco Orient Petroleum Co said contracts totalling USS79 million (SSI2O million) have been signed for work related to the Liuhua oilfield development project in the South China Sea. A USS4O million contract involves the conversion
        Bloomberg Business News  -  178 words
      • Article
        Lock icon London
        209 32 Reuter LONDON The dollar felt the full force of the market's scorn in European as it tumbled to a new post-war on the yen and revisited recent lows on the mark. Speculation over the G-7's neglect of the US currency continued, with the market still putting out feelers for
        Reuter  -  209 words
      • Article
        Lock icon Deal reached on code of conduct for mining international seabed
        457 32 FT LONDON After 11 years of tortuous and often contentious negotiations, agreement has been reached on a code of conduct for mining the international seabed. The agreement, which hinged on convincing industrialised countries that commercial principles would be observed, is
        FT  -  457 words
      • Article
        Futures surge as Nigerian strike spreads
        177 32 Bloomberg ENERGY REPORT LONDON Brent crude oil futures on the International Petroleum Exchange rose to their highest prices since June 1993 as senior oil workers in Nigeria joined their junior colleagues on strike. Yesterday's rise of 61 cents to US$lB.5B a barrel added to
        177 words
      • Article, Illustration
        Lock icon Banque Indosuez REGIONAL CURRENCY REPORT
        153 32 THE USS continued its slide against the mark and the yen yesterday, spurring further gains by all regional currencies against the greenback. There seemed to be no letdown for the Singapore dollar as it surged past another critical support at 1.51. Central bank dollar buying
        Charts by Dow Jones Telerate  -  153 words
      • Article
        Lock icon New York
        78 32 AFP NEW YORK The dollar was slightly up against the mark and other European currencies but down against the yen in early trading yesterday following news that wholesale prices were unchanged for June. The dollar traded at 1.5290 marks against 1.5265 marks at Monday's close and at 97.35
        AFP  -  78 words
      • Article, Illustration
        Untitled
        1705 32 S'pore'\ top 14 trading partner\ Bay year /W US$/S$ forward rates Noon July 12 ss Bid Offer 1-month 1 5084 I 5099 2-month 1.507J ***** 3-month 1 5064 1 5079 6-month 1 5023 1 5043 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m July 12 Singapore dollars to
        1,705 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures down but JGBs firm
        1339 33 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed lower in light trade but the Japanese government bonds (JGB) firmed on short-covering while Eurodollars traded mostly sideways. The Simex markets remained concern over the lllar's continued erosion against the yen as it traded to a
        Reuter  -  1,339 words
      • Article
        Rubber futures up as Inro retreats
        704 33 COMMODITY REPORTS Rubber Singapore: Rubber futures ended broadly higher on dealer short-covering and manufacturer buying as the International Natural Rubber Organisation (Inro) retreated after two days of intervention selling. Inro passed on all bids to buy Aug and Sep SVIR2O from its Malaysian warehouses
        704 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China zinc exports surge 5 times
          63 33 TOKYO China's exports of unwrought zinc and its alloys surged 470.8 per cent in Jan-April from a year earlier to 74,271 tonnes. China exported 23,400 tonnes of unwrought zinc and its alloys in April. China's exports of unwrought tin and its alloys were 5,843
          63 words
        • Article
          Aurora to mine gold in Indonesia
          59 33 SYDNEY Australian miner Aurora Gold yesterday said it will start annual gold production of about 125.000 ounces in October at its Mt Muro mine in Indonesia. Aurora said the US$62 million (SS94 million) project will produce nearly one million ounces of gold and 18.77
          59 words
        • Article
          Brazil stops coffee exports
          70 33 BRASILIA Brazil closed cofTee export registrations yesterday retroactive to Saturday. The closing of registrations would be for an indefinite period. The government is assessing new damage from weekend frost for the second time in two weeks. A preliminary estimate shows Brazil will lose another 1-2 million
          70 words
        • Article
          China vegetable oil imports up
          49 33 TOKYO China imported 50.000 tonnes of edible vegetable oil in April, bringing Jan-April imports to 110,000 tonnes, up 27.2 per cent from Jan-Apr 1993. Edible oil exports in April were 11.565 tonnes, making Jan-April exports 42,116 tonnes, up 77.4 per cent from last year.
          49 words
        • Article
          China sells more cotton
          49 33 TOKYO China exported 9,182 tonnes of cotton in April, bringing Jan-April exports to 43.965 tonnes, up 15.7 per cent from Jan-April 1993. according to China's official external trade statistics. China imported a negligible amount of cotton in April, leaving Jan-April imports at the 10.000tonne level.
          49 words
    • Article
      COMMODITY PRICES
      1494 33 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) WSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 94 187.00 187.00 187.50 50 T550 Sep 180.00 179.75 181.50 450 3250 Oct 178.50 176.50 178 50 975 3300 Nov 178.50 176.50 178.50 475
      1,494 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1084 34 11.7 AN ENCOURAGING profit result by Australia's small Advance Bank was credited with boosting confidence and pushing shares to the highest close in five trading days. The All Ordinaries Index closed 11.7 points stronger at 1,972.9. while the All Industrials ended 18.1 firmer at 2,914.7 and the All Resources
        1,084 words
      • Article
        Manila
        603 34 -10.43 Share prices dipped yesterday, pushed down by the lacklustre performance of local telecommunications heavyweight Philippine Long Distance Telephone Co (PLDT) in the New York Stock Exchange. The PSE Index ended 10.43 points lower at 2,533.32. Turnover rose to 826.04 million shares, valued at 745.02 million pesos. The index
        603 words
      • Article
        Taipei
        575 34 18.36 The Taiwan bourse remained bullish and jumped to a fivemonth high in heavy trading yesterday, with electricals enjoying the largest jump. The 374-issue Weighted Price Index put on 18.36 points to settle at 6,331.36. Turnover swelled to 2.03 billion shares valued at NTS 104.3 billion. Falls outstripped gains
        575 words
      • Article
        Seoul
        486 34 11.75 Share prices moved up strongly yesterday as overall buying momentum was stimulated by the calm in the North after President Kim II Sung's death. The Composite Price Index climbed 11.75 points to settle at 960.59. Turnover shrank in relatively active trading to 46 million shares valued at 890
        486 words
      • Article
        New Zealand
        317 34 +9.28 The NZSE-40 Capital Index reversed a nine-day losing streak yesterday, closing up 9.28 points after being down in morning trade. The buying was encouraged by a firm Australian market but was relatively insipid on volume of just NZ522.7 million. The NZSE-40 closed at 1,954.79 after pushing to
        317 words
      • Article
        Bombay
        114 34 +54.62 Shares closed higher on selective buying by India's biggest mutual fund, the Unit Trust of India (UTI). The BSE 30-Share Index closed at a provisional 4,134.79, up 54.62 points. The 100-Share National Index rose 19.02 to end at a provisional 1,959.08. Brokers said UTl's buying and the absence
        114 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        703 34 Britannia Funds Sterling Cash Bid Offer Mim Cap OcpoMl 38 *400 38 6*00 Mim Jenev Gilt 0 I8»J 0 1992 Mini Ml! income ****** *0 9500 LSS Cash Income Plus Fund 9 9500 10 4*00 PS Rntne Fund 5 :400 5 2500 Sterling fr.quit) Euro Performance 0 451! 0 4938
        703 words
      • Article
        London
        672 34 -19.9 STOCKS fell as the dollar plunged and signs of tame US inflation failed to allay concern US interest rates are poised to rise. The FT-SE 100 Index fell 19.9 points to 2,963.9. Trading was moderate, with 595 million shares changing hands. Declining stocks outnumbered gainers by about three
        672 words
      • Article
        Paris
        138 34 -7.67 French shares ended the session lower, as dollar sensitive stocks suffered from the weakness of the US currency and profit-taking set in after Monday's gains. The market's unclear outlook and the absence of many players due to the long weekend limited initiatives. French markets will be closed tomorrow
        138 words
      • Article
        Stockholm
        126 34 +4.88 Swedish shares closed higher for the fourth consecutive day ignoring a weaker dollar and generally softer European bourses. Construction and real estate shares did well and their sub-index shot up 2.25 per cent. "Construction shares have been depressed lately because of rising yields but long-term investors sec that
        126 words
      • Article
        Frankfurt
        204 34 +0.51 German stocks rose yesterday as the dollar fell to a new 20-month low against the mark after better than expected US producer price figures for June. The DAX Index closed at 2,048.56, up 0.51 points. The index rose sharply immediately after the release of US producer price figures
        204 words
      • Article
        Brussels
        160 34 13.14 Belgian stocks fell to a sev-en-month low following Monday's gain because the weak dollar erodes US earnings of Belgian companies. The Bel-20 Stock Index dropped 13.14 points to 1,395.03, the biggest oneday fall since last Tuesday. The index has not been this low since Nov 30. The low
        160 words
      • Article
        Milan
        179 34 -25 Italians stocks closed lower for the sixth day amid concern about the government's budget deficit. Shares rose only a notch on news that US producer prices were unchanged in June. The figures indicated inflation isn't picking up and that US interest rates might not rise. "Italians have other
        179 words
      • Article
        Amsterdam
        270 34 -4.03 Dutch stocks lost this month's gains as US investors sold shares whose dollar value is being eroded by the currency's decline against the guilder. The EOE Index closed 4.03 points lower at 383.21. "Investors thought that 1.71 guilders or 1.74 would be the floor for the dollar," said
        270 words
      • Article
        Zurich
        220 34 •54.5 Swiss stocks fell for the first time this week, with the leading index hitting its lowest since Oct 4 1993, as disappointing half-yearly sales for Roche offset positive US inflation news. The Swiss Market Index lost 54.5 points, or 2.13 per cent, to close at 2,508.0. Zurich Jul
        220 words
      • Article
        Johannesburg
        315 34 +1 South African shares edged higher in slow trade as the market extended Monday's tentative gains, dealers said. "It is a bit noisier than it has been the past few days," a dealer said. However, he said significantly higher activity needed to be led by a steadier performance by
        315 words
      • Article
        Toronto
        231 34 -10.30 Stocks continued to rise at midday, buoyed by stability in Canadian bond and currency markets, traders said. Toronto equities also received a boost from market expectations of solid second quarter corporate earnings. The TSE 300 Composite Index gained 10.30 points to 4,114.20 on turnover of 27.3 million shares
        231 words
      • Article
        New York
        730 34 -15.22 The Dow Jones was down 15.22 points to 3,687,77 at 11am EDT. Weakness in a couple of dow components put additional burden on the key barometer. Goodyear Tire Rubber was down l'A to 35'/2 even though the company forecast improved secondquarter earnings. Philip Morris was also down
        730 words
    • Article, Illustration
      Lock icon HONGKONG
      3047 35 Bloomberg Business News HONGKONG Real estate stocks led the benchmark Hang Seng Index up 2.34 per cent after investors concluded these issues had fallen sufficiently to be cheap relative to projected 1994 earnings growth. The Hang Seng property sub-index of nine leading real estate stocks rose 3.3 per cent.
      Bloomberg Business News; Source: Bridge Info  -  3,047 words
    • Article, Illustration
      Lock icon CHINA
      533 35 CLSA THE Shanghai B market edged up 0.91 to 739.27 points on a low turnover of US$9OO,OOO. Pilkington was the more actively traded stock, accounting for 27 per cent of total turnover. The Shenzhen B market also had a quiet day. The index fell 18.66 points to 1,051.03 on
      CLSA  -  533 words
    • Article, Illustration
      Lock icon TOKYO
      2548 35 UPI Bloomberg Business News TOKYO A weakening of the dollar to a local closing low against the yen left Japanese share prices lower yesterday. The key Nikkei Average of 225 selected issues dropped 72.61 points to 20,400.48. The broader-based Topix Index closed at 1,647.15, down 9.01. Volume was estimated
      UPI; Bloomberg Business News; Source: Bridge Info  -  2,548 words
    • Article, Illustration
      Lock icon BANGKOK
      1832 35 Bloomberg Business News BANGKOK The SET Index was little changed, as construction issues declined on concerns that rising interest rates and oil prices would hit earnings while two big property developers gained. The benchmark SET Index rose 1.69 points to 1,280.06. A total of 4.6 billion baht worth of
      Bloomberg Business News; Source: Bridge Info  -  1,832 words
    • Article, Illustration
      Lock icon JAKARTA
      1136 35 Reuter JAKARTA Share prices closed mixed in lifeless trading with some stocks rebounding slightly in the second session. "Do not read too much into the rebound on certain stocks. They were bound to hit their absolute bottom," one broker said. "Indofood's listing on Thursday may add spark but this
      Reuter; Source: Bridge Info  -  1,136 words
    • Article
      CLOB INTERNATIONAL
      2499 36 MOST ACTIVE volume Ulm H\d MX .IMM Mulpha Intl MX: 1.802.000 I'uh BX Kiivign I.S74.(XX> VSH MX: I 48X000 taM 1405.000 Lien H«k 1SK4' 1.2 70.000 I aiH)inark> BhJ >*64 (XX) Kcnona Bhd MX *)7.0IX) Multi-Purpose 879.000 Kiiuavan MX' H0*> (XX) hatvi (iriKip 743.000 kamunting MX' *****0 B
      2,499 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks led down by Telekom Malaysia
        5718 36 Bloomberg Business News KUALA LUMPUR Stocks were slightly down, as investors lowered bids on telecommunications giant Telekom Malaysia after several days of news stories about the competition it will face now that the industry has been deregulated. The Composite Index fell 3.26 points to
        Bloomberg Business News; Source: Bridge Info  -  5,718 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7602 37 b Gr M V\| I4<M Lnl Vol I>a> U« Quote Di« Di» VM Net Cay Avg High l.o« C\>ni|Mn> Sale (*000) High I o* Bvjcf Srilw C if P/E Smil Pritt INDUSTRIAL AND COMMERCIAL 1440 83} II < Aetna 990 -5 W 910 995 47.5 2.1 1 8 15.8 682
        7,602 words
      • Article, Illustration
        Lock icon Talk of Yeo Hiap Seng takeover main market mover
        1942 38  -  By R Sivanithy SINGAPORE Takeover speculation surrounding beverage group Yeo Hiap Seng and slight demand for blue chips were the only highlights in the stock market yesterday, where sentiment continued to be hurt by a lacklustre Malaysian market and US interest
        Charts by Bridge Info; Source: Bloomberg  -  1,942 words
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      Page 27 Advertisements Column 1
      529 27 NEWS VALUE I low today's news mwht attecl your Minks MGR setting up Mslsm integrated plant (this pg) The move downstream will enhance timber firm's profit margins. CCL to launch new condo in September (this pg) Positive. Given current conditions in the residential property market, better to launch a project
      529 words
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      Page 29 Advertisements Column 1
      253 29 One demonstration of NGs longstanding commitment to nationbuikfing. /aSS#, ijtMm; |U Jftalararton Pai** 1 I Manila 1 m This 1 I frcaibcntial Cttation 1 is avocwded t° I I fljilippine Atitcritrnt £i& I Hlnsurimte 1 l ifuTolTu J 1^ 0 them to the puMic and private I I Jot effect
      253 words
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      102 33 Prices from SS 160.00 per person onwards for 2 days 1 Nile Package includes: Accommodation in Balinese Cottages -p -pj Return Ferry/Land transfers in Batam j Island Buffet breakfast 2 x coffee break with snack Buffet lunch Buffet dinner Free use of conference room BATAM INDONESIA For reservations andfurther informations,
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      34 33 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The Straits Times Classified, cjlta. 1737-H**
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      39 35 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort, Illlllgj FAST-ACTING ANTAUU iriirmnr v ctcdi ikji- gastnc pain, indiges- relieves c*st«c m>». a 1 I AS JJtKLIINIj HEARTBURN ANDUf9tT-SfOMACH' Health tion and heartburn, tr
      39 words
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      72 36 CITIBANK OFFERS SPECIAL RATES OF UP TO 4.75% ON TIME DEPOSITS. From now until July 31, take advantage of some of the best rates in town on both Local Dollar Time Deposits and Unfixed j c? Time Deposits. With a minimum deposit of $50,000, enjoy Citibank's special rates by calling
      72 words
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      5 36 MAR Tomorrow in Business Times
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      27 37 Johnston Murphy, A heritage of excellence since 1850 Gaieties Isetan Orchard Isetan Scotts •Robinsons •TaJcashimaya PLAY SMART Be part of the good life. Lifestyle. Everyday. Business Times
      27 words
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      50 38 kt"l a'stranger to count my cash." PlJler C -gff* .*> I non*Z? u <-ar. L X J 1 Nothing's strange to caxs. The Straits Times 737-1166 Classified. 1 HIGH stakes Don't get shortchanged, or a covera 6 e you can bank on Financ al News. rri Business Times WE KNOW
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      111 38 Binnmsmas TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-1298 Focal Finance Focal Finance Limited Incorporated in Singapore (A Member of the OCBC Group) ANNOUNCEMENT Pursuant to Article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of
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      Page 38 Advertisements Column 3
      138 38 ASIAN KITCHEN PTE LTD (In VoL UqUdatlon) FINAL MEETING NOTICE It HEREBY GIVEN pursuant to Section 300 d the Companies Ad (Cap. SO) that the Final General Meeting of the Members of the abovenamed Company wil be hetd at the Office of M/s Wee Seng Tiong 4 Co.. 1 Colombo
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      447 38 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 50) AND IN THE MATTER OF A P A (S) PTE LTD (Incorporated la the Republic of Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of A P A (S) PTE LTD convened and held at
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      366 38 IN THE MATTER OF THE COMPANIES ACT, AND IN THE MATTER Of CHIN YEW HONG PTE LTD (Incorporated In th» Re pubic of Singapore) NOTICE OF SPECIAL RESOLUTIONS At an extraordinary general meeting ol the members ot CHIN YEW HONG PTE LTD duly convened and held at 7600 A Beach
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  • Shipping Times
    • Article
      Lock icon Piracy experts to discuss rise in attacks, phantom ships
      428 39 AFP KUALA LUMPUR International piracy experts will meet here next week to discuss the shift of piracy attacks northwards from South-east Asia and the problem ot "phantom" ships, officials said on Monday. The two-day meeting, opening next Tuesday, will be hosted
      AFP  -  428 words
    • Article, Illustration
      Lock icon Boats from planes
      77 39 Reuter THFIJN RIVER. Western Laos Although American involvement in the area ended in 1975, US wreckage is still put to good use throughout Laos The local villagers call these canoes 'metal boats'. American pilots would call them B-52 fuel tan f in jungle workshops from B-52 bomber
      Reuter  -  77 words
    • Article
      OOCL upgrades service to Shanghai and Kobe
      215 39 SINGAPORE Orient Overseas Container Line (OOCL) now offers two weekly calls to Shanghai and Kobe and a new service to the mainland China port of Ningbo. The service, which became operational on June 30 and uses three identical 1,020 20-ft equivalent unit vessels,
      215 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1096 39 Page Col ABC Containerline 16 4 Accord Group 8 1-3 Ahrenkicl Liner 4 1/2 ANL 3 1/2 Antaco Mgmt 17 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 5 ASCI- 5 5 Assist Marine 6 I Avant Shpg 6 4/5 Bait
      1,096 words
    • Article
      Mitsui expands gas and chemical fleet in S-E Asia
      279 39  -  By I Dexter Lee SINGAPORE Japanese trading giant Mitsui Co has beefed up its gas and chemical carrier operations in South-east Asia to meet increased demand for plastics raw material. The company recently chartered the newly built Grace Coral from Kinki
      279 words
    • Article
      Lock icon Tri-national navy frigate project a boost for British yards
      319 39 AFP LONDON Britain, France and Italy on Monday signed an agreement to work together on a multi-billion-pound project to produce a 21st-century antiaircraft frigate for their navies. British Defence Secretary Malcolm Rifkind said he was sure that Project Horizon would create
      AFP  -  319 words
    • Article
      Lock icon Final arguments made in 2nd phase of Exxon trial
      433 39 Reuter ANCHORAGE. Alaska A US District Court jury on Monday was given the task of deciding how much commercial fishermen should be compensated for damages from the 1989 Exxon X'aldez oil spill, the worst in US history. The 12-member panel heard
      Reuter  -  433 words
    • Article
      Lock icon Asian tigers in Rotterdam
      881 40 Rotterdam's Euro Trade Park, set up about eight years ago, is now flourishing and expects to have more than 18 trade centres in a few years Port Of Rotterdam UP 1 HERE'S r nowhere E else with as many international trade centres. The Euro Trade Park
      Port Of Rotterdam  -  881 words
    • Article
      THE SHIPPING GUIDE
      12961 48 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. LEGENO PN: ship calls at Penang after
      12,961 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        691 56 Vessel Voy No Befth Arrival Departure Vessel Voy No Berth Arrival Departure Jurone Port Batam Speed *****" POIA 120/1900 12 0/ 2000 Andhka raiamita 7 15 alongside 130/, 2300 Batam Speed *****' POIA 130 2100 130/ 2300 •Asia Prosperity J4 alongside 130/ 2300 Batam Speed3 A5194' POIA
        691 words
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        CONTAINER SCHEDULES
        1755 56 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Balance Rslts Ship Voy No Etb/Btr Period From To From ha toy 0S4B 15/2000 1* 12/1500 12/1659 12/1900 18 12/1500 12/1659 12/1900 2A 12/1/00 13 0659 13/0900 26 12/1700 13 0654
        1,755 words
      • Article
        Daily Freights
        808 56 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,380 on Monday from 1.362 on July 8. It was a buoyant start to the week on the freight market with firmer rates for Atlantic Panamaxes expected to be maintained in the near term, brokers said.
        808 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Indian domestic carrier to add two B737-400s to fleet
        396 58  -  By Alec Almazan SINGAPORE Indian domestic airline Jet Airways will add two 8737-400s to its fleet this year. Its existing fleet of four 8737-300s and two *****00s makes it the second largest private domestic airline in India. The biggest is EastWest
        396 words
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        Lock icon JAL to buy 10 MD-11 jets to trim operating costs
        490 58 Bernama KUALA LUMPUR Japan Airlines Co Ltd (JAL), which recently embarked on a restructuring scheme, plans to purchase 10 McDonell-Douglas MD-11 aircraft to the tune of US$2.2 billion (553.3 billion), which are expected to trim its operating costs. JAL director
        Bernama  -  490 words
      • Article
        Lock icon Frequent flyer deal for pets too
        167 58 Reuter FORT LAUDERDALE, Florida Dogs and cats can earn free bonus flights under Carnival Air Lines' new frequent flyer programme for pets. "They must go in the cargo hold, and they don't get free drinks," airline spokesman Gabriel Gabor said on Monday. Human passengers
        Reuter  -  167 words
      • Article
        Lock icon Virgin group joins consortium bidding for Chunnel link
        422 58 AFP LONDON The British group Virgin on Monday joined one of the four consortia chosen to submit a tender to design, build and operate the high-speed rail link between London and the Channel Tunnel, the group said. Virgin is to become a
        AFP  -  422 words
      • Article
        Lock icon UK aviation body backs microwave landing systems
        178 58 Reuter LONDON Britain's Civil Aviation Authority said it will continue to support the European strategy for the development and installation of "microwave landing systems" (MLS). The CAA on Monday said this confirmation follows the decision by the US Federal Aviation Administration to halt
        Reuter  -  178 words
      • LOG BOOK
        • Article
          Finnish firm wins RCCL contract
          59 58 SINGAPORE Evac Marine System of Finland will supply the sewage system for Royal Caribbean Cruise Line's new vessel that is under construction at Kvaerner Masa-Vards. It will also supply the sewage system for a sister vessel should RC CL exercise an option to build it.
          59 words
        • Article
          Lock icon Denver airport baggage system fails
          98 58 Bloomberg Business News DENVER Denver International Airport's automated baggage handling system failed to work last week in the latest test of the flawed system that has led to an indefinite opening of the facility. The Bond Buyer reported. The failure comes as Denver officials planned
          Bloomberg Business News  -  98 words
        • Article
          Lock icon Delta to cut 4,500 jobs
          72 58 Reuter ATLANTA Delta Air Lines Inc said on Monday it will eliminate 4.500 full-time jobs over the next 12 months in its airport customer service division. Ihe reductions are projected to contribute to the division's goal of achieving US$l75 million (***** million) to US$25O million
          Reuter  -  72 words
        • Article, Illustration
          Lock icon Space experiment
          50 58 Reuter ABOARD SPACE SHUTTLE COLUMBIA Japanese red-bel-lied female newts in their microgravity environment aboard space shuttle Columbia as part of a Japanese experiment in the Aquatic Animals Experiment Unit to determine changes in early development of the gravity sensors in embryos grown in Earth orbit on Monday. Reuter
          Reuter  -  50 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1385 58 Cjtj Wt ETA FBc* ETP GA983 0920 GA984 0310 Abu Dhabi GA895 1305 SQ442 2000 0K510 1900 0K511 2255 Adelaide SQ227 2030 Amman RJ182 1440 RJ183 2225 Amsterdam KL831 0935 GA974 0345 GA895 1305 KL832 2300 SQ323 1815 SQ324 2345 Auckland NZ21 1820 NZ22 1935 SQ285
        1,385 words
      • Article
        Lock icon BA files complaint with EU to block aid to Air France
        434 58 Bloomberg Business News BRUSSELS British Airways (BA) on Monday said it submitted a formal complaint to the European Commission to block Air France from getting a 20 billion franc (555.7 billion) rescue package on the grounds that it would
        Bloomberg Business News  -  434 words
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      47 39 Drager SAFETY EQUIPMENT J (SOLAS APPROVED) PA9O MARINE 1 Specifically Designed Breathing Appaiatu» For Maritime Applications (x x HIGH QUALITY HIGH PERFORMANCE HIGHLY AFFORDABLE Draeger South East Asia Pte Ltd 67 Ayer Rajah Crescent #06-03 Singapore 0513 Tel: 773 2133 Fax: 773 2033 Tlx: RS ***** DWSING
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      25 39 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      Page 39 Advertisements Column 3
      29 39 Asian tigers in Rotterdam, Pg 2 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Singapore rTI Business Times WE KNOW ASIA
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      Page 39 Advertisements Column 4
      23 39 ——pi^—— I VISA FREIGHT SERVICES PTE LTD 1 THE TOTAL TRANSPORTATION PEOPLE S 1800 *****66 Indian domestic carrier to expand fleet, Back page
      23 words
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      2120 40 [wri-m-ii?..,. import.... import.... 1 NORTH AMERICA! ["OTHER DESTINATIONS 1 1 NORTH AMERICA MMCT CALL TO WEST COAST (*CX\ TO EAST COAST SOUTH AMEWCA SERVICE ZJ SINGAPORE CALIFORNIA EXPRESS (DWECT FROM WEST COAT) Kssa *0Y STORE LA OAK ¥Ot St* DM. HOUSTON CMC NY MEXICO CITY VESSEL STON BUENOS ROES MOHTEVWO
      2,120 words
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      2101 41 uppiug i lilies, n amy w iw AApi /Av dtp i Tf> jaroimf QHiPPINfi AGENCIES JAROINE SHIPPING AGENCIES SDN BHD. BOAD 0208 ""LINO JAYA lEI 03^777. FAX CfS 03-7M5342 CR NUMBER **********0 C TEL *****3/4 FAX *****6 H. —M— DOCUMENTATION TEL: *****55 (INWARO>/*****90 (OUTWARD) Ip OH JEL. *****3/4 FAX *****6
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      Page 41 Advertisements Column 2
      1903 41 MHmSESBM MAERSK IS PEOPLE! Vessel Voy ETA ETO Feedered by DESTINATIONS This xeet. MC-KINNEY MAERSK V 9406 I 19/07 0600 HRS CFS W/07 2359 MBS JOH LPK PEN OAK LGB SFO MEM ATL MIA CHS BAL PML NYC TOR MC-KINNEY MAERSK 9406 19/07 20'07 19 07 '6 07 IS'O7 06
      1,903 words
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      818 42 AOABA R DAM/ LE ALSO ACCEPTING FROM VESSFL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA KAGA 36. \27 13/ 7 30/ 7 31/7 2/fl p or j Kelang Penanq DRESDEN EXPRESS 17/327 16/7 25/7 t/8 3/8 8/8 6/8 Pasir Gudang KIRtSHIMA 05/128
      818 words
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      Page 42 Advertisements Column 2
      529 42 AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) C.1.5./RUSSIA: Vostochny, Vladivostok, Moscow, Baku, Tashkent, Irkutsk, Alma Ala, Ashgabad, Dushanbe. Kiew 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
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      Page 42 Advertisements Column 3
      1130 42 11 NORASIA WEEKLY SERVICE I WITH FIXED DAY SAILING 10 LA SPEZIA T FOS. BARCELONA VALENCIA 5 FOR MORE DETAILS, PLEASE CONTACT: IMS TAN SEOW CHUAN/MS FELICIA PEH S PORE GENERAL AGENT NORASIA AGENCIES (S) PTE LTD ALSO ftCCEPTMG LCL TO: Til: *****83 FAX: *****90 CR NO. **********00 VENICE/TRIESTE/ANCONA/ALEXANDRIA/PORT THAUANO
      1,130 words
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      1864 43 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 1 new guinea pacific line EUMifIfIUSBIIUIIMBiAiiiIUAAiAMUiMftUM (A SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAILS agf ASIAN VENTURE VO4E KK. Skin, ta* 12 13 M 14 hi It U FCL. LCL CONTAINER ANO
      1,864 words
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      Page 43 Advertisements Column 2
      3417 43 SINGAPORE AGENT: i Oinat*C p& Containers (Singapore Agencies) Pte Ltd \v! CJL\. W VJvllllCllllwX 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Wr Te| 225 2233 Te(ex RS ***** pNOCSp Fax 225 5327/222 7517 W fcr CR Number **********0Z EXPORT IMPORT VESSEL WO* r *PNG "PKG SIN SOU ANT
      3,417 words
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      619 44 IP GENERAL AGENT C H NO *****8 ***** i|K EKA JAYA AGENCIES >3|§r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE I HO CHI MINH CITY PAGER I HANOPMONE/DIBECT L-HEHKY MQE *****24 *****26/*****64 *****25 MW7H/WHW i MAKQj *****25 *****22 I WILLIAM WEE *iW«t lra««/ttMS» TO VIETNAM/HCMC CONTAINER-FEEDER SERVICE
      619 words
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      Page 44 Advertisements Column 2
      2155 44 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 EM VSL SIN I LINE HAUt SEA YVR POX FDR Wl SIN IIMI HAUL SA¥ «.M NYC HANJIN BREMEN OI2C 15 DIRECT 4/1 5/8 6/8 HANHN BREMEN 012 C 15 7 M AMERICA 01SE 18/8
      2,155 words
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      Page 44 Advertisements Column 3
      1456 44 *****V1 _J Y JTTT^TM tp«l SGP KSC MAG KIG PUS ml OS* NGT SW I*o LAI CHS BAL NYC LHV DNN ROM ll# HBG PSO CMB PHI SGP I I GUOt K Oil l»/7 29/1 24/7 27/7 »/7 1,4 2/1 3 J 4/1 S/l i l 17/S 30 1 1/9
      1,456 words
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      Page 45 Advertisements Column 1
      2508 45 > II PLEASE CALL HI I II NEPTUNELINK (1800 *****00 TOLL-FREE) ■I II &2 II FOR THE FOLLOWING INFORMATION: II HPf fwl#nr II VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ HI II II FREIGHT CHARGES PAYABLE/STORE RENT CHARGES/ I) AVAILABILITY OF DOCUMENTS FOR COLLECTION I EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO:
      2,508 words
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      Page 45 Advertisements Column 2
      1160 45 A MULTILINE SHIPPING PTE LTD ■V (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
      1,160 words
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      Page 46 Advertisements Column 1
      1510 46 44 w AS AGENTS "K" LINE (SINGAPORE) PTE LTD <Cft NO: **********0M/GST REG NO M 2 *****99 6) TEL: *****77 TELEX KAWAKI R*****5 FAX *****16/7/8/9 I T T MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHO M B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA
      1,510 words
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      Page 46 Advertisements Column 2
      719 46 @APPENSHIP HAMBURG I CONVENTIONAL A INDEPENDENT LINER SERVICE 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 //i vx ISLAMIC REPUBLIC OF ACCEPTING CARGO TO GULF PORTS I 1 \V|P
      719 words
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      Page 46 Advertisements Column 3
      460 46 GOLDEN LINE \/b (TV GM SHIPPING \SjSs>%\ (PTE) LTD m"" w*• 23, Tctok kyu Street SINGAPORE 0104 ia: ***** M (10 LMES) Fu *****04 (OS No **********0N) »THAIT«/>ER»IAW GULF SERVICE S pore P Man* Penang GOIDIN HARVtSI Karachi. Dubai Kuwait 16/17 My GOIDtN SIM Karachi Dubai Kuwait 20/22 My CHIHA
      460 words
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      Page 47 Advertisements Column 1
      983 47 PACIFIC INTERNATIONAL LINES (PTE) LTD^ 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I cn no iooao6/ooooE VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN EQUATOR CRYSTAL 13N 16/7 19/7 23/7 TRAOE FAST TFSIIO 17/7 20/7 23/7 KOTASABAS SBSOI3 W7 20/7 24/7 KOTA MULIA MULOO7 17/7 20/7 24/7
      983 words
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      Page 47 Advertisements Column 2
      1033 47 I ttSSHS VOT SIN It HAVRI HAMBURG f I H AMIS WO IH ROOM «WIWI«P WiH Ot CARINA CO4W 13/07 03/0 A 05 0» 06 0« 07/01 09/08 Will 01 SACIITA SO4W 19/07 10/01 12/OA 13/08 14/01 IS/OS Vim O AQUIU AO4N 26/07 17/08 19 08 20/01 21/08 21/0* I
      1,033 words
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      Page 47 Advertisements Column 3
      924 47 BSfl n. ieHH MYANMA tfSßk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore PKIj Pen P.Gde SAGAING V3SW In Port lb/17 Id Sid PAGAN V2IIW 18/20 Jul AVA V1291N 20/24 Jul HPA AN V2O4W 30/31 Jul PATHEN VI3OW 30/31 Jul 25/29 Jul MALAYSIA AGtNTS SOUS If AO
      924 words
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      Page 50 Advertisements Column 1
      2346 50 Israel ihaifa, ashdod V via PER MONTH Singapore's General Agents: SHIPPING PTE LTD Tel (General): *****00 Sdlessßoohing: Agency Dept: i<)ne ic Shlnton Slv*l7 08 Fax Gen r *****66 Container: *****41/844 Container Svc B/L: *****02 Operation Container: *****15 DBS Sid? Tower 2 Te,ex: ***** COSH 'L Conventional: *****50 0/0: *****85 Conventional:
      2,346 words
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      Page 50 Advertisements Column 2
      777 50 /■riCROATIA LINE A ifcea < EX JUGOLINIJA) I VtSStl STORE PK PNG LOflgg FOg RAB 13 )Ut IS Ml Aleiandna. Beirut. Istanbul. Trieste Koper, Lattalua. limassol. Mersm P SaK) Ri|eka. Venice GROBNIH 12 lUI (Jo General Agents: EAST MOUNT AGENCY (PTE) LTD Singapore Kuala Lumpur Port Kelang Penang SPORE CARTAGENA
      777 words
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      Page 50 Advertisements Column 3
      171 50 /Cnorbuu^ I NORBULK CARGO SERVICES LTD. I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES I I St* 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 HONGKONG/HUANGPU SUBJECT TO
      171 words
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      Page 51 Advertisements Column 1
      761 51 /j£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 17/7 ROTTERDAM 16/7 AARHUS/COPENHAGEN 17/7 HAMBURG/BREMEN 17/7 MARSEILLE/FRANCE 14/7 FELIXSTOWE/UK 18/7 BARCELONA/SPAIN 18/7 LEHAVRE/FRANCE 20/7 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
      761 words
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      Page 51 Advertisements Column 2
      1054 51 4613 Ih< 15/7 sat n/? VESSEL VOY SIN BKK BHATRA BHUM MS Sal H/7 Tua 19/7 KQTA SURIA SUROI3 Sun 17/7 Tua 19/7 RATHA BHUM 13W Thu 14/7 Sun 17/7 WAWA BHUM 237S Tua 10/7 Sat 23/7 B SEROJA 4115 Mon 18/7 Wd 20/7 I WANTA BHUM 202W Sat 10/7
      1,054 words
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      Page 51 Advertisements Column 3
      281 51 t^^TIcHnEUHMmNUMENM TEL: *****33 (12 Lines) FAX: *****15/*****03 m TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Veitel Voy Eta Loading For Spore Abbay Wooz 40WB 12/08 Mombasa. Djibouti Assab Massawa Netsanet 35W8 15/09 Mombasa. Djibouti Assab. Massawa 0
      281 words
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      Page 51 Advertisements Column 4
      558 51 Guaranteed Sailing% to:BANGKOK/lAEM CHABANG/LAOS 12/7 (TUE). 16/7 (SAT) PORT KELANG/PENANG 14/7 (THUR), 15/7 (fRI) HONG KONG 12/7 (TUE). 15/7 (FRI) JAKARTA 16/7 (SAT) MANILA/CEBU 12/7 (TUE) HO CHI MINH 15/7 (FRI) SURABAYA 17/7 (SUN) BUSAN 17/7 (SUN) pl DONGNAMA LINE CONTAINERISED SERVICE STRAITS/BLW/INC/B3N VCSSCL SGP PK Bl*f PNG INC BSK
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      1644 52 &AMMN CONTAINER LINES, INC bivS/VvMAgwito: MAC-NELS SPORE: *****22 (24 LINES) dJ\7 VJcffl No: imostsooom SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****8 BANGKOK (862) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOfI/EUROPE PEN PKI SIN 5 SAILINGS/WEEK PEN PK SIN 13/7
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      179 52 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (I* EM U* y>Oftf PC* I KEIANG PtMNG Bim IMX In Pt £10 14 Loading to> MdkRUVM HUCMU 31 Loading tor Dutut DOLPHM II I lodtag ft* Malf HOffllt SUPttH* 21 I loading for Mai* UMffEOH 18 Loading for Male PtOGMSS LBERIV
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      1228 52 f THONG SOON UNES PTE LTD I /\V\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \J TEL: 227-5088 FAX: 227-6011 I I IT TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I 4 THOHO 900* I.VMMI SINGAPORE TO SARAWAK SINGAPORE TOTHA?LAND VESSEL VOY STORE VESSEL VOY SPORE BAN6KOK
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      596 53 ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBU.K SOC CARGOES 10 FROM KOBE. YOKOHAMA. NAGOYA. MOD. TOKYO*. MANH.A' o***o* Penant* P. Kelang Smgapote E'Msia* SHAPIAEVERETT V2IE 20/21 Jul 22/23 Jul KARABIEVERETT VIBE 06/07 Aug IVYEVERETT VIOE 28/19 Aug ACCEPTING BREAKBUIK fCL/SOC CARGOES TO FROM CHTTAGON6. CALCUTTA AND MONGIA* Srjapofe P.
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      261 53 Ife GLORY NAVIGATION GROUP to REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* J CR NO: **********0W SP PKL PNG KAO GLORY SELATAN X 29/7 1/8 7/8 16/8 J GLORY SELATAN V 12/7 19/7 25/7 s SP PKL HCM HK KAO GLORY SELATAN
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      Page 53 Advertisements Column 3
      546 53 jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE VOY Ml KARACHI MMUMW 149-HW U/07 27/07 HYOERABAD 131 HW 25/07 3/0« SARGOOHA 145 HW M/ 0« l»/0» ISLAMABAD 124HW 19 0« 2S/0« FAR EAST CONTAINER SERVICE ONLY vessel vor" sin mc bsn osa nag to* IStAMABAD 123 ON H/07 23/07
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      Page 53 Advertisements Column 4
      667 53 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS YIHE/100 26/07 09/08 10/08 12/08 30/08 SHUN HE/ IOS 11/ OS 2S/08 26/08 28/08 15/08 TAO HE 87 26/08 09/09 10/09 12/09 30/09 JIAN HE/87 11 /09 25/09 26/09 28/09 15/iO HUIHE/108 26/09 09/IO
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      279 53 SIN FAR EAST 19/07 KEELUNG/KAOHSIUNG 17/07 BANGKOK 17/07 MANILA/CEBU 17/07 JAKARTA/BELAWAN/SURABAYA 17/07 PORT KELANG/PENANG/E. MALAYSIA 17/07 BUSAN 17/07 TOKYO/YOKO/KOBE/NGO/OSA 17/07 HONG KONG si china (+mz±mmn) 17/07 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN SHANGHAI XINGANG TIAN JIN /QINGDAO HAIKOU also accepting LCL cargo SjN EUROPE/UK 18/07 LDN/FLX/LVP/SOU 18/07 RDM/HAM ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to
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      761 54 PHILI-OmtNT LINGS PT( LTP 1* 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel. *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P Kelang: 03-*****98 Penang: 04-*****6 (CR CODE: **********0H)^ mmmmm w a £5 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND FCL/LCL SERVICE 14 JUL SYDNEY. MELBOURNE. BRISBANE.
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      331 54 y Con term IP CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 20 JULY (Accepting to all New Zealand porta) PENANG 15 JULY JAKARTA 17 JULY PORT KLANG 21 JULY BANGKOK 17 JULY MELBOURNE 23 JULY SYDNEY 23 JULY BRISBANE 23 JULY FREMANTLE 17 JULY ADELAIDE 15 JULY 'ACCEPTING TO ALL SCANDINAVIA
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      376 54 This Week's Sailings Singapore TTT: II T FIRM KOKWARDKRIN lo: KID lo: ETD asia awarded Singapore Singapore ISO 9002 B\ I.RQA KVERV KVKRV i Bangkok SL'N' Jakarta SL'N QQj EVERY EVERY /^^\[ky Manila SL'N Ho Chi Minh FRI (sißj*) JL EVERY EVERY S C olombo TLE Limassol I Hl R
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      1510 55 ISEAMAiniRGENTIN/UINOiS^ CONTAINERISED "HUB" SERVICE I DIRECT TO ARGENTINA/BRAZIL URUGUAY V I VESSEL VOY SIN P. ARENAS USHUAIA BUE M'VIDEO SNT SIN CANOPUS OIE 24/07 28/08 30/08 04/09 05/09 08/09 04/10 FRANCISCA SCHULTE 02E 13/08 17/09 19/09 24/09 25/09 28/09 24/10 ALEXANDER SCHULTE 02E 02/09 07/10 09/10 14/10 15/10 18/10 13/11
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      Page 55 Advertisements Column 2
      467 55 CEYLON SHIPPING CORPN National Line of Sri Lanka CONTAINMBtD SLRVKF. TO IK AM) NORTH COMINLNTAL WRIS tusa. Iwtl sw I ctq I ia I mm I na I wi|wn NQIttW ftMl H2l i M/ 17 IM7 *»*»Ah <?iw M/>7 n/ti wtu w smai» smw n/i? n,o» imw H/M h,m u/oi
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      Page 55 Advertisements Column 3
      524 55 rcONDOR LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.44 [VESSEL PRIOZERSK OEKABRIST N. KRUPSKAYA PRIMORSK PAVLOGRAO PETRODVORETS PORTS EBI2 EBI3 EBI4 EBIS EBI6 EBI7 BUENOS AIRES' Sailed Sailed Sailed 08 13/07 20-28/07 03-08/08 MONTEVIDEO Sailed Sailad 06 07/07 08-07/07 29/07 06-07/08 RIO GRAN DO SU Sailed Sailed 15 16/07 31/07 01/08 13-14/08
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      485 56 NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC *****N 15/07 (FRI) 20/07 (WED) LANKA MAHAPOLA *****N 19/07 (TUE) 23/07 (SAT) TJJJJUJBJMEiKLV PERVOMAYSK *****N 22/07 (FRI) 27/07 (WED) fWWT VIGOUR PACIFIC *****N 26.-07 (TUE) 30/07 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I GENERAL SANTOS DAVAO
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  • Page 56 Miscellaneous
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      292 56 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1709 1800 1900 2000 2100 2200 2300 ft 2.7 3.1 3.1 2.9 2.3 1.6 1.0 0.6 0.4 0.4 0.6 1.0 1.7 2.3 2.5 2.5 2.3 I t
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      829 57 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PKE* PGP' VESSELS VOY SIN RTM ANT' LEH* HAM BR£t FEI 13/07 15/07 16/07 SI MARINER 311W 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 27/07 29/07 30/07
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      476 57 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS ttSSU ¥Of Sf KUC KK MU« *t SIKI NAGOtA 12 *M <C!I» 14/7 COSMC MASTER 27 U/7 (SBT l«/ 7) ORANGE MOON 53 SID (BKK IV7) ORANGE SKt 21 17/7 2«/7 OUTBOUND VESSELS LOADING FOR HO CHI MtMH HAIPHONG
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      969 57 1 JEDDAH/UK/CONTNENT Is PORE <0 S TON HBURG RDAM lEH *Uu Acceptrj C«|« DRESDEN EIPRtSS 17/327 16/7 2/1 5/1 7/1 9/1 Stuttumplox :toal UK dntoutmi. Brtlisl and DuMn KRISHMA 05/121 20/7 5/1 l/l 10/1 Rcttettfon :to il Antwerp, Amjtwdjm, Olio. HHvrki IUDMGSHAfEN EXPRESS 14/321 23/7 l/l 10/1 13/1 15/1 17/1
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      69 58 -&.`$}![+$;~_!}.@"%%',&;<%${:'^ Port of Registry San Lorenzo Built: 1969 Japan Gross Tonnage 499.9 Nett Tonnage 297.3 D/W 1,000 Draft: 4.20 M Depth 4.5 M Length 49.0 M Breadth 8.9 M Interested please contact pager no. *****65 ■=q kimtrans jv Carpentaria i 7500 A Beach Road. #08-301/302. The Plaza Singapore Accepting Heavylift
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