The Business Times, 19 July 1994

Total Pages: 50
1 50 The Business Times
  • 12 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday July 19 1994 75*
    12 words
  • 2am LATEST
    • 55 1 Reuter NEW YORK Blue chip stocks drifted lower yesterday. In the broad market, advancing and declining issues were almost evenly matched on New York Stock Exchange volume of more than 120 million shares at Ipm EDT. The Dow Jones industrial average was up 1.62 points at
      Reuter  -  55 words
    • 34 1 Reuter BOSTON Governors of all US states yesterday unanimously endorsed the Gatt world trade pact negotiated by the Clinton administration and urged Congress for speedy passage of the landmark agreement. Reuter
      Reuter  -  34 words
  • 160 1 »»—1- I-JI Jiocs mamei inaices Monday Change ST1I 2,199.15 +0.83 KLSEComp 1,005.05 -7.06 Nikkei 20,717.64 -52.51 Hang Seng 9,193.83 +76.81 SET Index 1,345.2 +1.03 Jakarta Corap 462.48 +0.65 CLSA China B 995.05 +0.05 Auat All Ord 2,072.3 +14.2 FTSE 100 3,012 +7.2 Monday Prcrkm 2pm time Dow Jones
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  • 570 1  -  By Catherine Qng SINGAPORE Richard Li, son of Hongkong billionaire Li Ka-shing, wants to make Singapore the regional headquarters for his Pacific Century group, a new company he set up with US$4OO million (SS6O4 million) in profit from the sale
    570 words
  • 521 1  -  From Ho Kay Tat in KUALA LUMPUR TEH SOON SENG, the boss of timber giant Aokam Perdana Bhd, has acknowledged market talk that his partner Samsuddin Abu Hassan owed him some money but denied that this had caused a rift between
    521 words
  • 152 1 KUALA LUMPUR Technology Resources Industries Bhd (TRI), the main vehicle of Malaysian businessman Tajudin Ramli, will pay U5543.9 million to take a 30 per cent stake in a satellite venture with Canada's Teleglobe Inc. TRI said the tie-up with Teleglobe will
    152 words
  • 509 1  -  By Genevieve Cua SINGAPORE The Bintan Beach International Resort on the Riau island of Bintan will open in September with a water sports centre, a seafood kelong restaurant and 100 chalets among its initial attractions. The project built by a Singapore-Indonesian joint
    509 words
  • 494 1 Reuter, Bloomberg Business News BEIJING China yesterday reported further rapid economic growth in the first six months of 1994, but high inflation continued to worry economic planners. State Statistics Bureau spokesman Ye Zhen, outlining the economy's performance one year after Vice-Premier
    Reuter,; Bloomberg Business News  -  494 words
  • 292 1 The Straits Times BANGKOK Asean has agreed in principle to accept Vietnam as its next member, but the mechanics need to be worked out at the Asean Ministerial Meeting (AMM) here, senior officials said yesterday. Don Pramudwinai, from the Thai Foreign
    The Straits Times  -  292 words
  • Page 1 Advertisements
    • 143 1 The Wmtft Not* CmpmlM Spore News 2 Sporelfja .19.2021 Re«onal New 3.4.6 Francrf 23,24 World News 9.10 Futam Harlitto Wyw 17 Clob/KISE. SES 28-30 Cdltorat 16 fapooil 26 Sports 13 Wort) 27 IV/Utetytt 15 Currencies 24 Property 12 Simex/Commo ...24.25 sh>iuMl»w Tel 1800-*****77 Fa *****75 ST NOT«4wfc M *****18 Fs
      143 words
    • 16 1 Property: Pg 12 Budget hotels beckon CAM Mechatronic closes below issue price on debut, Page 19
      16 words
    • 19 1 Hock Lock Siew: pJm tfS Inchcape regains Richard Li's star rises with the dawning of Pacific Century, Page 21
      19 words
    • 135 1 Via. TVn o i--i mm A. A# IrW mXKTS gnUNSI JDmni mm) W Zoom Cantn —mm^_ Jhe Bottom Line: Pg is ylmpact of Indon press ban You know, it is not only a J question of China needing Gatt, but of Gatt and the Interview with Chinese HKf] PM Li
      135 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 322 2  -  By Teh Hooi Ling HERE'S one indicator that seems to go against the tide of strong economic sentiment: growth in the number of new companies formed was weak in the second quarter. The number of new entities totalled 2,354 —just 2.6% more than
        Source: RCB  -  322 words
    • 244 2 SINGAPORE imported $92 million worth of electronics products from India last year, up 68 per cent, while exporting 32 per cent more to India worth $255 million. The two-way trade in electronic goods consisted mainly of integrated circuits, cathode ray tubes, computers
      244 words
    • 491 2  -  Pulau Bayan resort's new owner fails to meet obligations By Quak Hiang Whai BARELY three months after its ownership changed hands, trouble is brewing at the controversial Pulau Bayan Marina Club again. New owner P T Lautan Bintan Jaya (LBJ), which signed an agreement
      491 words
    • 515 2  -  By A J Leow US-BASED Ritz-Carlton hotel group, which has been appointed as the operator of the upcoming deluxe hotel at Marina Centre, plans to set up about a dozen other new hotels in the region in the next four
      515 words
    • 245 2 FRASER and Neave yesterday sold about a third of its longawaited Valley Park condominium project. Some 250 units were taken up by the end of the day the first of what is likely to be a four-day private sale. The public launch of
      245 words
    • 206 2 SINGAPORE Press Holdings and its non-journalist staff union have agreed on a new flexi-wage accord that will raise the cap on the variable profitsharing bonus. But this will apply only to stafT who perform satisfactorily in their jobs. Staff who underperform will be
      206 words
    • 60 2 Corrections clarifications WE reported yesterday that Windows Expo '94 a threeday showcase of software technology and solutions designed around Microsoft's Windows operating system started yesterday and would end tomorrow. This is incorrect. The show starts on the 18th of August not July at Harbour Pavilion and Expo Hall S of
      60 words
  • Page 2 Advertisements
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      157 words

  • SOUTH-EAST ASIA
    • 450 3  -  From Loh Hui Yin in BANGKOK WHILE Thailand can expect another round of Japanese investments as a result of the stronger yen, it will face stiffer competition this time from other countries in the region. And unlike the two previous
      450 words
    • 463 3  -  By Loh Hui Yin BANGKOK Leading Thai businessman Dhanin Chearavanont called on his government to have clear-cut investment policies on infrastructure if Thailand is to develop as an economic force in the region. Firm investment policies on infrastructure over the next five years would
      463 words
    • 361 3  -  By Harish Mehta SINGAPORE Japan overtook Singapore to become Vietnam's biggest trading partner last year, and kept the lead in the first half of this year. The better performance by Japan was attributable to active trading by nine Japanese sogososhas that
      361 words
    • NOTE BOOK
      • 61 3 AFP BANGKOK Thailand may restrict entry visas for from six countries to prevent acts of terrorism and better track illegal immigrants, a Thai Immigration official said yesterday. Visitors from Sri Lanka, India, Pakistan, Bangladesh, Iran and Nepal may have their visas limited to seven
        AFP  -  61 words
      • Article, Illustration
        29 3 Reuter PHNOM PENH Young Cambodians practising their kicks during a Taekwando class at the Olympic Stadium here on Saturday. Martial arts clubs were banned before 1989. Reuter
        Reuter  -  29 words
      • 53 3 AFP HANOI China is to lend Vietnam US$l7O million (SS2SS million) to renovate an obsolete steel mill in what would be the largest economic venture between the former enemies since before 1975. Government approval is still needed for the project, the Vietnam Investment Review said
        AFP  -  53 words
      • 87 3 Reuter HANOI Press reports that Malaysia's state oil company Petronas has struck oil off southern Vietnam are premature, a senior company official said here yesterday. "It is premature to talk about the size of the reservoir until after the testing," the official, who requested anonymity,
        Reuter  -  87 words
    • 225 3 AFP MANILA President Fidel Ramos yesterday approved a US$l.55 billion (552.3 billion) plan by a Taiwan-led consortium to transform a former recreation centre for American troops into a world-class tourist centre, the presidential palace said. Mr Ramos gave his approval during a meeting with Chen
      AFP  -  225 words
  • Page 3 Advertisements

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 76 4 Bloomberg Business News HONGKONG China's State Posts and Telecommunications monopoly reported 30.3 billion yuan (555.2 billion) in business in the first half of the year, a jump of 49.3 per cent over the first six months of 1993, Xinhua news agency said yesterday. Expansion of
        Bloomberg Business News  -  76 words
      • 66 4 Reuter HONGKONG The Hongkong Monetary Authority (HKMA) will make its first issue next week of debt for repayment after the colony returns to China, the authority said yesterday. The HKMA, Hongkong's quasi-central bank, will offer HKSSOO million (5597.6 million) in three-year Exchange Fund notes next
        Reuter  -  66 words
      • 72 4 AP TAIPEI Taiwan's state-run China Steel Corp yesterday signed agreements with Kreditanstalt fur Wiederaufbau of Germany and West Merchant Bank of Britain for loans totalling US$423 million (*****.5 million) to finance expansion plans. The eight-year loans carry a fixed interest of 5 per cent, the
        AP  -  72 words
      • 115 4 Reuter HONGKONG Hongkong's labour earnings in May as measured by payroll per person rose a nominal 12.3 per cent or a real 4.1 per cent year on year, government sources yesterday quoted the Census and Statistics Department as saying. Average earnings in the manufacturing sector
        Reuter  -  115 words
    • 470 4 The two countries also holding talks on maintaining peace along their border AFP NEW DELHI China and India signed an agreement to boost trade and held talks here yesterday on maintaining peace along the border separating the two Asian giants, officials said. But the second
      AFP; Reuter  -  470 words
    • 588 4 Bloomberg Business News BEIJING In a sign that a running dispute over vast oil reserves under the South China Sea was moving from argument to action. China said two of its ships were blocking an oil rig from Vietnam at
      Bloomberg Business News  -  588 words
    • 340 4 UPI BEIJING Violators of environmental taws will face severe fines and possible imprisonment al part of China's crackdown on businesses recklessly in pursuit of Ninonal Peoples Congress, China's legislature, is set to strengthen existing laws and enact new ones aimed at stricter
      UPI  -  340 words
    • 277 4 AFP TAIPEI Taiwan officials said yesterday they would revise laws on accepting mainland Chinese fishermen following the sinking of an offshore workers* dormitory in which at least 10 workers were feared drowned. An amendment to the national security law.
      AFP  -  277 words
    • 342 4 AFP TAIPEI The US State Department has approved a major transfer of technology to Taiwan to produce components for 150 F-16 fighters Taipei ordered in 1992. The United Daily Sews yesterday said that in the first such transfer authorised for the
      AFP  -  342 words
    • 230 4 Reuter BEIJING China has m dered more regulation of n| eign- funded venture to aH alleged fraudulent 'f at ion of imported the official People'* Daily flj ported yesterday. The State Com lodity B spection Bureau, an arm of State
      Reuter  -  230 words
  • Page 4 Advertisements
    • 976 4 0 SINGAPORE INSTITUTE OF MANAGEMENT The first educational and training institute in Asia to achieve SISIR ISO 9000 Certification (1) FltW Salts (4) Developing Effective Programme K|TT JiTu Mil *I I Managerial Skills August 1-3,1994 111 M k I September 19-21.1994 551,122.70 SIM members/ *****.70 SIM members/ 551,287.50 non-members *****.70
      976 words
    • 11 4 The Straits Timet Classified a ftw words in th« right place
      11 words

  • Page 5 Advertisements
    • 290 5 UHiT- >\ i/\\ -s. v--.v x. WR&Sm -1 T H t t s .v "V J .<> V > c. ~Cv .v- ..> u Vjfc t>- *i* V^' r V-. >.. r >V A' V* >v Your investment couldn't have i'm. va v.-*- n> <&' '-■>& N <W y f'
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  • REST OF ASIA
    • ASIA NOTES
      • 69 6 Oana-Yonhap SEOUL South Korea is likely to remain a beneficiary of the European Union's Generalised System of Preferences (GSP) until at least 1997, the foreign ministry said yesterday. The EU Commission briefed GSP beneficiaries last week on its long-term GSP operating plan and affirmed that
        Oana-Yonhap  -  69 words
      • 75 6 Reuter CANBERRA The ruling Labor Party is facing an internal revolt over a plan to sell Australia's publicly owned airports, the latest in a series of privatisations. The most socialist of the party's three factions, the Left, is determined to block the sale at
        Reuter  -  75 words
      • Article, Illustration
        39 6 Reuter DHAKA A bulldozer demolishing illegal homes put up by slum dwellers along Dhaka's roadsides. The Dhaka municipal council has evicted thousands of people living in the makeshift houses as part of its city beautification campaign. Reuter
        Reuter  -  39 words
      • 67 6 6 WELLINGTON New Zealand business confidence has now remained at high levels for the past 30 months, the longest such period of $istained optimism on record, the New Zealand Institute xtfSSEconomic, .Research said in its June Quarterly Survey of Business Opinion. "AH 1 sectors report
        6  -  67 words
      • 90 6 Reuter PERTH Bankrupt Australian tycoon Alan Bond appeared in court yesterday to answer art fraud charges involving the Asl7 million (5518.9 millton) sale of the Edouard Manet painting La Promenade. Bond faced a preliminary hearing in Perth Magistrates' Court on charges of fraud
        Reuter  -  90 words
      • 50 6 Reuter Australia Vyi support Indonesia's efforts to, forge a opftn'.tfading system at the Asia-Pacific Economic Cooperatifc (Apec) forum in November. "We see ourselves as supporting the direction the Indonesian government wants to take Apec this year," Australian Minister for Trade Bob McMullaajpaid here yesterday. Reuter
        Reuter  -  50 words
    • 509 6 Reuter TOKYO New Prime Minister Tomiichi Murayama pledged yesterday in his inaugural policy speech to put Japan's economy firmly on the road to recovery but dodged the vexed issue of tax reform at the core of economic reforms. Socialist Mr Murayama
      Reuter  -  509 words
    • 403 6 AFP SEOUL South Korea's troubled petrochemicals industry is looking up after more than a decade in the doldrums, thanks to a boom in export orders mostly from Asia. "Short-term, South Korea will see better performances," said Kim Kyung Tae, an analyst
      AFP  -  403 words
    • 278 6 Bloomberg Business News CANBERRA Australian housing financing approvals in May fell 4.6 per cent from April, the Bureau of Statistics reported. Approvals were up a strong 21.4 per cent on the year. The monthly decline was stronger than expected. Analysts had forecast
      Bloomberg Business News  -  278 words
    • 276 6 Reuter SYDNEY Australian farmers will benefit from the Gatt Uruguay Round but only if the nation's state governments leave the benefits on the land. New South Wales Farmers' Association president John Crawford yesterday told the association's annual conference that the
      Reuter  -  276 words
  • Page 6 Advertisements
    • 429 6 Minn ffin ija i***t •>* The Forum for the Expanding Electric Power Industry in Asia [p£osa<sßCJ 23-25 August, 1994, Hong Kong Hong Kong Convention 6 Exhibition Centre POWER-GEN ASIA Asia's largest powsr exhibition and conference, provides a truly comprehensive forum for the rapidly growing power iadusfcyia Asia. Estimates show that
      429 words
    • 28 6 in i Uiffirn rati o o Oq o v LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. Business Times mmoßAm
      28 words

  • Page 7 Advertisements
    • 469 7 1 •f "India could well become the most dynamic economy in the world in the second half of the 90's and beyond." W Lawrence Summers Chief Economist World Bank I j For decades, India and her neighbours remained economically closed this economy by investing in India. And why it offers
      469 words

  • Page 8 Advertisements
    • 386 8 ww wm 1 m mm *>* «w*» MM H j **m- w&z v r -'<||j9^^H |M^ ppp lB; T B» W|(i ijf > ':v. nHPr -v Mr II 90S, J* fe v Bl fIGPr -ML. L "v- '1l «H ifa.Mm 9> u K i V P IB[ |l I i
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  • THE WORLD
    • 463 9 Reuter BRUSSELS The European Union's new German presidency yesterday stressed the importance of developing the EU's ties with Eastern Europe as a top goal of its six-month term of office. "This is a vital issue for Europe. We
      Reuter  -  463 words
    • 462 9 Los Angeles Times, WASHINGTON The Justice Department may have trimmed Microsoft Corp's sails in the personal computer business but as the information superhighway takes shape, the software battle is already shifting to new fronts presenting the Clinton administration with tough new challenges. Microsoft, IBM, Novell, Oracle
      Los Angeles Times,  -  462 words
    • 191 9 AFP WASHINGTON The dollar has neared its floor and likely will rise to between 100 and 110 yen, the director of the Institute for International Economy said in a Wall Street Journal interview yesterday. Fred Bergsten, a member of former president Jimmy Carter's
      AFP  -  191 words
    • 52 9 Reuter GOMA, Zaire A French medic searches for survivors yesterday where dozens of people died during a mortar attack, and the stampede that followed, close to the Rwandan border. Mortars fell on columns of refugees fleeing the advancing Tutsie-dominated Rwandan Patriotic Front near the border town of
      Reuter  -  52 words
    • WORLD WATCH
      • 52 9 Reuter BEIRUT Lebanon's foreign currency reserves rose above US$3 billion (554.5 billion) for the first time since before the 1975-90 civil war. Reserves reached U553,057 billion after rising US$lO3 million in the first two weeks of July, the Bank of Lebanon's mid-month balance sheet showed
        Reuter  -  52 words
      • 34 9 Reuter BONN The European Monetary Institute, the forerunner to the European Central Bank, will hold its first meeting in November in Frankfurt, said Bundesbank board member Otmar lssing yesterday. Reuter
        Reuter  -  34 words
      • 76 9 Reuter DUBAI Iran's gas reserves are as rich as its massive oil reserves, but only meagre amounts are reaching the market to supplement the nation's inadequate petroleum revenues. That will change if Iran can launch an enormous project to pipe or ship gas to Europe,
        Reuter  -  76 words
      • 56 9 Reuter HAMBURG Plutonium seized earlier this spring by police in southern Germany came from a Russian plant that manufactures nuclear bombs. The magazine Der Spiegel said in its weekly edition yesterday that the six grams of plutonium seized in a garage near Singen in May "originated,
        Reuter  -  56 words
      • 55 9 Bloomberg Business News LONDON UK consumer confidence is still at low levels, according to the monthly Gallup Survey for the European Union. Only 17 per cent of those polled thought their household finances would get better during the next 12 months, unchanged from the previous
        Bloomberg Business News  -  55 words
    • 555 10 Reuter WASHINGTON People tugging on the sleeve of Federal Reserve board chairman Alan Greenspan want him to go in different directions. The politician is saying: "Leave interest rates alone because 1 need to be re-elected in November." The currency trader
      Reuter  -  555 words
    • 321 10 Reuter MOSCOW Russia will tell other aluminium producers meeting in Australia this week that it will continue to comply with a global deal to cut aluminium output if others do the same, a senior industry official said. Vladimir Kalchenko, first deputy chairman of Aluminiy producers'
      Reuter  -  321 words
    • 767 10 The Washington Post CARDIFF, Wales A new and potentially enlivening phase in British politics is set to begin this week when the opposition Labour Party, out of office for 15 years but well ahead of the governing Tories in opinion polls, picks
      The Washington Post  -  767 words
    • 300 10 AFP PARIS Communications Minister Alain Carignon resigned on Sunday to defend himself against corruption allegations in the latest of a series of political and business scandals in France. In a statement, Mr Carignon, from the town of Grenoble in the French Alps, said
      AFP  -  300 words
  • Page 9 Advertisements
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      143 words
    • 141 9 Every Day, UPS Makes More Business Deliveries In The USA Than Anybody Else In The Delivery Business. No one covers the United States like UPS. With hundreds of planes, thousands of vehicles, and 87 years of experience, UPS offers unique delivery capabilities to every US city; to every US town;
      141 words

  • Page 10 Advertisements
    • 568 10 G uan X i Forflni links) esteemed advertisers, to the Lianhe Zaobao Golf Day' 94 Wednesday, July 20,1994 Tampines Course *Tanah Merah Country Club ISTTEE IOTHTEE SHOTGUN START AT 1.15PM SHARP 7.45 IS 7.46 YPChan 22 IA Deris Tay 21 SB Boh Thai Saa 10 lOA ThamKhaiWor 16 146 Tony
      568 words

  • Page 11 Advertisements
    • 611 11 m ISO 9002 "*1 is concrete testimony of our quality I JTS o a mixed I I j Cm) i* so9ooo i Resources Development Corporation concrete to I I Limited is proud to be the first ready customers' I I ssSo2S)' 2 10 mixed concrete company to be requirements." I
      611 words

  • PROPERTY & CONSTRUCTION
    • 1323 12  -  A J Leow looks at the many budget hotels which are sprouting up in Singapore A J Leow NOT every new hotel which opens in Singapore comes with a swanky lobby or fine dining rooms. The 15-room Comfort Hotel at Rowell Road in Little India
      Photo by Arthur Lee  -  1,323 words
    • 295 12 Selected transactions in the past week ■VI lllv VWI «W»* |r>n>tdlow DHWd Profrct TyP* landf (sqfQ 1 T nur> j 1 PWVATE Jul 11.1994 2776 Orchid Park Condo Condo2+1 958 99 560,000 j 584 < Jul 11,1994 J 1750 j MariamWay Terrace 4+1 2600 (1757) FH 1,455,000 828
      295 words
    • 368 12  -  S'poreans were out in force at the second launch of Wah Chang's The Allamanda. Abdul Hadhi reports Abdul Hadhi THE Wah Chang group sold 42 out of the 76 apartments of phase two of The Allamanda in Phuket, Thailand, over the weekend
      368 words
    • 407 12 NYT AS THE US real estate market slowly emerges from a five-year hibernation, buyers and sellers in both New York City and the surrounding areas are finding what seems to be a very selective and at times contradictory recovery. Long spoiled by years
      NYT  -  407 words
  • Page 12 Advertisements
    • 212 12 ISapparW My mn foulks Hii LYNCH UK cmiw material* (THE CERTIFIED DIPLOMA IN ACCOUNTING FINANCE) SPECIALLY DESIGNED PROFESSIONAL DEVELOPMENT PROGRAMME FOR MANAGERS EXECUTIVES CONDUCTED BY UK LOCAL LECTURERS CDAF The Certified Diploma in Accounting and Finance was introduced by the Chartered Association of Certified Accountants (ACCA) in 1972. There are
      212 words
    • 36 12 The Skilled displays in the right media and the right company. Classified the people finder. THE STRAITS TMES THE SUNOAV TIMES BUSINESS TIMES THE NEW LIAM4E 2AOBAO UANHE WANtAO SHMMM OAE.V NEWS KMTA HAMAN KMITA MWOGU
      36 words

  • SPORTS
    • 648 13 NYT PASADENA, California He was the man most responsible for Italy's trip to Sunday's World Cup championship game. He emerged as the saviour when Italy was a minute away from elimination against Nigeria in the opening game of the second round. Roberto Baggio topped that
      NYT; Reuter  -  648 words
    • 926 13 World Cup final AP PASADENA The ultimate soccer duel in the blazing California sun brought two men to their knees: one in exultation, the other in exhausted agony. When Roberto Baggio, the world's greatest player who carried Italy with him to the World Cup Final, sent a
      AP; AFP  -  926 words
    • 683 13  -  By Shahiron Sahari SINGAPORE Yesterday's World Cup final was definitely one for the purists, but I'm not sure if even they would be glad to claim this one. While it was not as boring as some make it out to be, the final was an
      683 words
    • 427 13 British Open Golf Championship AP TURNBERRY, Scotland Time was running out on Nick Price's 6-year British Open cycle. "I thought about it," he said. "How many other opportunities am I going to have? When you get to 43 or 44, you lose a little edge."
      AP; Reuter  -  427 words
    • SPORT SHORTS
      • Article, Illustration
        288 13 AFP AP AFP AP ROME The Italian media, so often the scourge of its footballing heroes, yesterday came out in full support of the national team following its World Cup defeat on penalties against Brazil. "Long live Italy** proclaimed the Corriere dello Sport, highlighting "Baresi and Baggio's fatal
        AFP; AP  -  288 words
      • Article, Illustration
        69 13 NEW YORK Major league Sunday National: Atlanta 2 Florida I; Montreal 4 SF 6; Philadelphia 9 LA 7; Pittsburgh 0 Houston 9; NY I San Diego 10; Cincinnati 3 Chicago 2 (in 10): Colorado 10 St Louis 6. American: Minnesota 3 Milwaukee 5: Chicago 5 Cleveland 2; California 5
        69 words
      • Article, Illustration
        78 13 AURORA, 111. U*****,000 Ameritcch Senior Open final round Sunday: 202 John Paul Cain 66-67-69 203 Simon Hobday 66-69-68. Jim Colbert 67-67-69 204 Chi Chi Rodriguez 69-66-69 205 Jay Siad 70-69-66, Harry Toscano 68-69^68. NEW YORK U*****400 JAL Big Apple Classic final round Sunday (US unless noted), won by Beth
        78 words
      • Article, Illustration
        223 13 BROOKLINE, Mass. U*****,000 US Pro Championships final Sunday: Ivan Lendl b MaliVai Washington 7-5 7-6 (7-5). PARIS Davis Cap World group results Sunday (home names first): Netherlands 2 USA 3 (Richard Krajicek lost to Jim Courier 4-6 3-6 3-6, Jacco Eltingh lost to Pete Sampras 2-6 2-6 0-6, Paul
        223 words

  • Page 14 Advertisements
    • 972 14 Noll llll£ BeatS A Dud* B fty/fl WHERE to wine, dine and entertain OF FRESH PASTA IDA ILY. From Pasta F rosea. Tha only restaurant to mako its own spoclalty pasta. ovoryday. Savour porfoct pizza, groat gokrti and torrtftc ttramisu. Alt toppod with Italian hospitality. Pm*m Nw Do Sufaulw W»
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    • 446 14 f f "SfiiofC round-tfu-dod<^. Chatterbox home of our famous Hainonese Chidtgn %}ce and popular Coconut Ice Crtam in a frisk coconut. Try them, and you'd (&ou/ Co(fee Shop why they an the specialties of the house. i«»w Ufl 111 OrcJten) toad 0»11 Ul *****11 ■a l rta 6.00 am to
      446 words

  • LIFESTYLE
    • 1157 15  -  They've promised another encore to celebrate the next World Cup in France in another four years, reports Fionualla Halligan Fionualla Halligan The writer is q freelance journalist OBSERVERS at rehearsals for Encore! The Three Tenors were shocked. How could three of the greatest classically-trained voices
      AFP  -  1,157 words
    • 525 15  -  Kim Philby's belongings, up for auction at Sotheby's, offer new insights into spy's life. Peter Millership reports Peter Millership Reuter BRITISH master spy Kim Philby, who betrayed Western intelligence to the Kremlin for 30 years, narrowly missed exposure as a committed Communist, documents
      Reuter  -  525 words
    • 390 15 AP AP AP AP DIRECTOR Steven Spielberg isn't crazy about wife Kate Capshaw's return to the movies. Maybe that's because she'll be acting with Warren Beatty, Sean Connery and James Woods. After taking a few years off to raise their children, Capshaw is working on
      AP  -  390 words
  • Page 15 Miscellaneous
    • 1212 15 ,£*3 mi Star I George U er an n |l (Mark Hamill) who becomes an interplanetary hero help human (Hanison Ford, Carrie Fisher), robot I rjS^3B^B^^Wj^MfeuJ and alien. Won seven Oscars .-^L' Vs for various technical achievements and John Williams' score. jgl? \y IQ^rinHlv Isaac Stem in Performance, MML.. ■Wi\iJmkv
      1,212 words

  • 567 16 UP 1 HE SURFACE appears to be very, very fine grained as you get close to I it; it's almost like a powder" said I the calm, measured voice from outer spacc. The date: 20 July 1969. And within minutes as the world watched
    567 words
  • 283 16 MORE THAN four years ago, we commented on the passage of the bill allowing for Nominated Members of Parliament (NMPs) by arguing that the only way the government could allay the reservations of doubters was to show that the scheme works to Singapore's interest. Today,
    283 words
  • 140 16 THERE IS no reason why Malay-Muslims in Singapore cannot render voluntary service beyond the mosques in other secular, national organisations. But calls for Malay participation in non-Malay voluntary work such as the one made by the Acting Minister for Community Development, Mr Abdullah Tarmugi, recently
    140 words
  • 166 16 A JAPAN defence consultative agency has recently proposed to the Murayama administration to take on greater responsibility in international defence by participating in the United Nations' peace-keeping activities. Japanese newspapers report that the Socialists will abandon their long-time stand that the Self Defence Force is against
    166 words
  • 190 16 IT APPEARS that the members of the Film Censor Board must have lost their sensitivity. Clearly, they are not fully aware of the people's feelings and have failed to take into consideration the psychological impact of the films they are passing on for viewing by
    190 words
  • 152 16 DEPUTY PRIME MINISTER Boonchu Rojanastien has been at the centre of several controversies since he took office. This is all very well if he achieves results. The problem is that he doesn't. For Boonchu, there is a strong element of personal stubbornness witnessed not just in
    152 words
  • 198 16 THE GOVERNMENT has taken an important step in its continuing fight against prostitution by approving a new anti-prostitution draft bill which, for the first time in history, makes it an offence for a man to have sexual relations with a prostitute aged IS to 18 or younger.
    198 words
  • 963 16  -  Craig Copetas says the latest international effort to fight organised crime in Russia is doomed to failure Craig Copetas The writer, a Paris-based journalist, spent six years in Moscow as a news correspondent and is author of Bear Hunting with the Politburo.
    963 words
  • Page 16 Advertisements
    • 240 16 Whither prices? Residential property prices doubled over tfre ALSO li\ THIS ISSLE. Office space: The worst is over Frank Tsao: Tycoon with a mission Why companies need a green audit Derivatives: The hard sell is on House Hunt: Private property prices I Get your copy of this month's Singapore Business
      240 words
  • Page 16 Miscellaneous
    • 71 16 c™s ISftfIANTjJ~I FCOWtR SHOW ™,S ueEKewrSSrV Fo£. is fc*>*nuCM A g# esi§ S§ »moq*WWM>AmHTft.tMHIM r^t uwy OH earth SHOULD! PvJWT A NOU RepvLX>y OUGHT Tb\ U**NT TO GO PiMD I W' T^?^£7sP™ ,'s come. Tt> -rue HORncuurußpn. usok p<r some. Siu.y I \&p**i 6>e.Pt*sTP>\jc Suroroeß tt_ou>es? Sk4ou) \Fuy*JfcgS V —r-
      71 words

  • ANALYSIS
    • 1630 17  -  Peter Siedlitz of the German financial daily Handelsblatt interviewed Chinese Prime Minister Li Peng after his visit to Germany this month Peter Siedlitz PETER Siedlitz: Mr Prime Minister, do you share the opinion of the Americans that now, after the death of Kim II
      1,630 words
    • 757 17  -  Steven Brull discusses the battle shaping up for the top post at the new Gatt Steven Brull IHT SOFT-SPOKEN and unimposing, the man known in Seoul as "the international gentleman" would hardly seem like the right choice to
      IHT  -  757 words
  • Page 17 Advertisements
    • 200 17 At Jong Lou to be precise. Which is at Clarke Quay of count Wrng Jiang Lou ofes the freshest and widest choice of local seafood dishes at the most reasonable prices. This is in addition ro the fine H|P||2^| range of Toochew and Cantonese dishes that we arc already famous
      200 words

  • 407 18 Reuter, AFP WASHINGTON International Monetary Fund managing director Michel Camdessus yesterday urged the United States to cut its budget deficit and said the Federal Reserve would be justified in further raising interest rates to help sustain economic recovery. "The US
    Reuter,; AFP  -  407 words
  • 45 18 Reuter. NEW YORK Italian soccer fans cheering as one of them set fife to the Brazilian flag in the Bensonhnrt section of Brooklyn yesterday after Italy lost the World Cap championship game to Brazil. Renter. More reports on Pg 13
    Reuter.  -  45 words
  • 134 18 Bloomberg Business News, Reuter LONDON The UK government yesterday announced plans for a major redevelopment in central London to replace three huge government office blocks. Environment Minister George Young said his department would demolish its present offices: three 21-storey blocks in Marsham Street,
    Bloomberg Business News,; Reuter  -  134 words
  • 273 18 Knight-Ridder, Reuter NEW YORK The US dollar yesterday extended gains carved out in Asian trading against the yen, although thirst for Deutschemarks continued undeterred. The greenback firmed in early trading against the yen as Japanese Prime Minister Tomiichi Murayama expressed concern about the yen's surge
    Knight-Ridder,; Reuter  -  273 words
  • 570 18 Reuter TOKYO A three-year recession, a surging yen and prospects of slow growth are doing what years of trade talks could not convincing Japanese businessmen and bureaucrats that changing their ways is vital for survival. Which means that US officials and businessmen urging
    Reuter  -  570 words
  • 274 18 AFP SEOUL Gatt director-gen-eral Peter Sutherland yesterday urged South Korea to ratify immediately the Uruguay Round trade agreement or face trade losses. "If (South) Korea decides otherwise, it has everything to lose, especially because it has an export-oriented economy," the Gatt
    AFP  -  274 words
  • 789 18  -  The Bottom Line PETER OSBORNE PETER OSBORNE The writer is a BT journalist IF THE reaction to the Indonesian government's decision last month to ban three news magazines the first such action in four years was one of shock or dismay,
    789 words
  • 268 18 Eastern Express HONGKONG Hongkong companies, led by property developers, are scrambling to raise funds ahead of the jumbo airport debt-financing that is expected once the Mass Transit Railway Company and Provisional Airport Authority are given the go-ahead. The latter two have HKS23 billion (554.4
    Eastern Express  -  268 words
  • 216 18  -  By Jennifer Lien SINGAPORE Australian Trade Minister Bob McMullan yesterday reiterated his government's commitment to promoting trade in Asean and women's role in business and society. He was speaking at a press conference held in conjunction with the Australian/ Asean Women Leaders Telstra Business
    216 words
  • Page 18 Advertisements
    • 53 18 >=}@_{[>,*`),\?)!*%."*><'}]"\', PRIME RAFFLES PLACE OFFICE BUILDING For Sale by Tender Reserve Price Ss4s Million Site Area Approx. 293.4 sm (3,158 sf) Floor Area Approx. 3,123 sm (33,600 sf) Tenure 999 years wef 20 April 1826 Tender closing date on Thursday, 11 Aug 1994 at 3 pm. For more information, please
      53 words
    • 5 18 More reports on Pg 13
      5 words
    • 18 18 Dollar to hit 100-110 yea, says Bergstea, Pg9 South Korea thinks trade minister ideal for WTO, Pg 17
      18 words
    • 40 18 ,/:=</&+&<::|&\^/]@_@")%?]`\-_; REGULAR FREEHOLD SITE IN SERANGOON GARDEN I Excellent Location. With provisional permission for 4 bungalows. Site area: 20,084 sf approx. FOR SALE BY TENDER Closing Date 5 August 1994 at 3 pm. For Further Information, Please Contact Sole Marketing Agents:
      40 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        41 19 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Baring, Daiwa, GK Goh. Morgan Grenfell. Nomura. Phillip, Smith New Court, Tat Lee and Wl Can.
        41 words
      • Article, Illustration
        156 19  -  By Paul Leo Sime Singapore has fallen 36.9 per cent or 39 cents to $1.01 from its four-year high of $1.60 achieved on Jan 6. During those four years, the stock has bounced back each time it fell to support between 90 cents and $1.00. Again, a rally
        156 words
    • 449 19  -  By Dexter Lee SINGAPORE CAM Mechatronic made a poor debut yesterday, closing six cents below its offer price of 68 cents in thin trading. Cam has joined five other companies whose stocks closed lower than their original values on the first day
      449 words
    • 208 19 SINGAPORE The stock market may be sluggish, but instant beverage maker Super Coffeemix closed its initial public offer yesterday with a healthy subscription rate of about II times. This means that United Overseas Bank, the lead manager and underwriter of the issue, collected about
      Photo by Arthur Lee  -  208 words
    • 254 19 SINGAPORE Construction group Lim Kah Ngam has responded to stock exchange queries about the price it paid for a 70-year lease on a site in the Chinese city of Suzhou. The US$4.9 million (557.3 million) tag was based on an agreed
      254 words
    • 827 19  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE Inchcape Bhd, one of the worst performers on the Singapore bourse last year, is getting a re-rating from some analysts in Singapore and Malaysia. After drifting down from above $7 in early January last year to around
      827 words
    • 220 19  -  By Abdul Hadhi SINGAPORE A subsidiary of Sesdaq-listed Heshe Holdings has granted an option to Multi-Wide Development (Pte) Ltd to buy its six-storey factory at Shaw Road in district 13 for $13.8 million. Heshe-owned Poly-Allied Knitwear (PAK) said yesterday the freehold property
      220 words
    • 220 19 SINGAPORE Key figures in the rival faction that sought to oust Yeo Hiap Seng chairman Alan Yeo have been handed termination letters signed by him. A YHS source said yesterday the three got their marching orders as part of a reorganisation
      220 words
    • COMPANIES
      • COMPANY BRIEFS
        • 124 20 AFP MANILA Saudi Arabian-backed Petron Corp yesterday launched a mammoth public offering of 20 per cent of its equity as lawyers for the country's largest oil refiner said investors would be repaid if the Supreme Court decides to ban the stock issue. Despite a
          AFP  -  124 words
        • 49 20 Bernama KUALA LUMPUR Edaran Tan Chong Motor Sdn Bhd, the marketer and distributor of Nissan vehicles throughout Malaysia, aims to sell 300 units of Nissan AD Resort per month, said deputy managing director Tan Hoe Pin at a press preview here yesterday. Bernama
          Bernama  -  49 words
        • 57 20 SINGAPORE Horiguchi Engineering Co has bought 16,205 ordinary shares of Msl each in Horiguchi Engineering (Malaysia) for a total of M$ 1,620.50 (about SS94O). This makes Horiguchi Malaysia a wholly-owned subsidiary. Meanwhile, Horiguchi Engineering has announced that Ho Siew Min has resigned as
          57 words
        • 35 20 SINGAPORE Cosco Investment (Singapore) has awarded a contract to build a US$27 million (5540.8 million) oil storage terminal at Pasir Gudang, Johor, to Overseas Technical Engineering and Construction Pte Ltd.
          35 words
        • 67 20 SINGAPORE Construction company Lim Kah Ngam's wholly-owned subsidiary, LKN Development, has subscribed for 1,200 non-convertible redeemable preference shares of Msl each in Sinjori Sdn Bhd at a premium of M 5999 (*****) a share. The total outlay is Msl.2 million. The money raised through
          67 words
        • 88 20 SINGAPORE Singapore Finance has received acceptances and excess applications for a total of 33,491,054 rights shares, representing about 112.8 per cent of the total number of rights shares offered. About 98 per cent of allotted rights were taken up. The balance of 485,519 rights shares
          88 words
      • 1104 20 Manasm' Wkm Jul 19 Singapore Unit Trust The Commerce 1.61 1.70 The Savings Fund 1.52 1.61 S pore Prof Fund 0.69 0.73 S pore See Fund 1.03 1.09 S'pore Invest Fund 1.15 l.22xd S'pore Equity Fund 0.82 0.87 Asia Unit Trust Mai Invest Fund 2.09 2.20 Mai Prat Fund 0.69
        1,104 words
      • 568 20 Bernama KUALA LUMPUR A total of 163 companies listed on the main board of the Kuala Lumpur Stock Exchange and 81 second board companies had established audit committees, KLSE executive chairman Nik Mohamed Din Nik Yusoff said yesterday. This showed there had
        Bernama  -  568 words
      • 180 20  -  From Al Labita in MANILA MALAYSIA'S Pengkalen Group has set up a subsidiary to invest in the Philippines. The new firm, Pengkalen Holding Philippines, has already identified sectors in which to make equity investments. These include banking, insurance, property de- velopment, telecommunications and entertainment,
        180 words
      • 405 20 KUALA LUMPUR Sime Darby Bhd is likely to post its eighth and ninth consecutive years of profit growth in 1994 and 1995 in view of the region's rosy economic outlook and strong commodity prices. Capital Dynamics Sdn Bhd said in its newsletter i
        405 words
      • 279 20 Bernama KUALA LUMPUR Bandar Raya Developments Bhd said yesterday it has agreed to buy a 60 per cent stake in Perusahaan Radzmin Sdn Bhd which is jointly developing a piece of land in Rawang, about 35 km north-east of here. The acquisition of
        Bernama  -  279 words
      • 302 20 MBT KUALA LUMPUR Tradewinds (M) Bhd (TW) is exploring business possibilities in Indonesia as part of its diversification process overseas to expand its earnings base. Chairman Tunku Shahriman Tunku Sulaiman said the group was primarily exploring the plantation business in Indonesia where economies of
        MBT  -  302 words
      • 398 20 NST KUALA LUMPUR Permodalan Nasional Bhd (PNB) will manage the MSIOO million (5558.2 million) investment fund to be launched by Asean Business Forum (ABF) next month. To be known as Asean Fund, it will invest in initial public offerings and unlisted companies
        NST  -  398 words
      • 386 20 MBT KUALA LUMPUR Carlson Hospitality Group Inc invested US$lOO million (SSISI million) in travel companies in Asia, between three and four weeks ago, with a view to capturing a larger slice of the expanding tourism industry in the region. With tourism in
        MBT  -  386 words
      • 639 22 Foreign investors find no drastic change from two years ago AFP BOMBAY Almost two years after India opened its stock exchanges to overseas investors, foreign fund managers are lamenting that doing business on the bourses has not got any easier since the reform came
        AFP  -  639 words
      • 314 22 Bloomberg Business News HONGKONG Despite 51 per cent higher turnover, Bossini International Holdings Ltd yesterday reported 14 per cent lower after-tax profit and earnings per share for the year that ended on March 31. The retailing concern of knitwear manufacturer and property developer,
        Bloomberg Business News  -  314 words
      • 257 22  -  By Peter Osborne SINGAPORE New Zea-land-based Brierley Investments Ltd (BIL) has received a boost to its investment strategy with an upgrading of its senior long-term debt rating to investment grade by rating agency Standard Poors. The improved standing, to investment grade 888-minus from
        257 words
      • 157 22 Reuter NEW YORK Apple Computer has backed off its effort to license its operating system to independent computer makers and will focus on licensing its system to Motorola and International Business Machines, which are partners in the PowerPC chip alliance. The Wall Street Journal yesterday
        Reuter  -  157 words
      • COMPANY BRIEFS
        • 84 22 Bloomberg Business News TOKYO Sony Corp and Matsushita Elcctrk Industrial, two of the world's leading consumer electronics companies, have agreed to seek a uniform standard for digital video-disk technology. Japan's Jiji Press yesterday reported that the two companies had reached a tentative agreement to lobby
          Bloomberg Business News  -  84 words
        • 72 22 Reuter HONGKONG Henderson Land Development Co Ltd has entered into an agreement for a HKSI.S6 billion (Ss3l2 million) unsecured medium-term loan facility with a group of 11 banks. Fuji Bank yesterday said the loan carried an interest margin of 0.7 per cent per annum over
          Reuter  -  72 words
        • 78 22 Bloomberg Business News TAIPEI President Enterprises Corp, Taiwan's largest food processor, yesterday said pre-tax profit in the first half of the year soared 54.1 per cent to NTS 1.65 billion (Ss93 million) on the sale of real estate in southern Taiwan. President sold a former pig
          Bloomberg Business News  -  78 words
        • 61 22 Bloomberg Business News PARIS GEC-Alsthom NV, the engineering joint venture of Alcatel Alsthom and General Electric Co, yesterday said net earnings rose 6.8 per cent in fiscal 1994. The joint venture, which builds power stations and high speed trains, said it earned 329 million European currency units
          Bloomberg Business News  -  61 words
    • CORPORATE FOCUS
      • 1476 21  -  The scion of Hongkong billionaire Li Ka-shing says he has nothing to prove, but he is proving everyone else wrong, writes Catherine Ong Catherine Ong SINGAPORE Everyone believes that as surely as night follows day, Richard Li will take over
        1,476 words
    • FINANCE & COMMODITIES
      • 529 23  -  From Ho Kay Tat in KUALA LUMPUR EXECUTIVES of British banking group Standard Chartered's Mocatta bullion unit in Hongkong are being investigated by the bank for making expense claims that allegedly included gifts to officials in certain countries to promote
        529 words
      • 180 23 SINGAPORE Konimex, the Indonesian pharmaceutical and confectionery group, yesterday made its debut in Singapore's Asian dollar market by raising US$2O million (Ss3o million) through a syndicated loan. The two-year loan, with interest at 2.15 per cent over the Singapore Interbank Offered Rate,
        180 words
      • 215 23 Bloomberg Business News TAIPEI A bank owned by the Taipei city government plans to open a branch office in Singapore by mid-1995, an ofHcial said yesterday. The opening of the TaipeiBank branch is part of the Taiwan Cabinet's policy of expanding
        Bloomberg Business News  -  215 words
      • 393 23 Reuter BANGKOK In just over a decade Finance One pic has gone from a small family operation to one of Thailand's most powerful finance companies and arguably the closest to breaking the time-honoured barrier into banking. President Pin Chakkapak, dubbed Thailand's
        Reuter  -  393 words
      • 184 23 Reuter SHANGHAI The Shanghai Stock Exchange* will enforce regulations banning short selling in state bonds and repurchase agreements starting next Monday, the Shanghai Securities News reported. After that date, traders must have the full amount of securities in hand to cover their
        Reuter  -  184 words
      • 428 23  -  By Quak Hiang Whai SINGAPORE Citibank has a new chief managing its Singapore's consumer banking business. Howard Banwell, who is British and has enormous experience in Asia and the consumer business, has been appointed country business manager. He replaced Mrs Jeanine
        428 words
      • 387 24 AFP HANOI Rising consumption of soft drinks and a slump in sugar production is forcing Vietnam to import tens of thousands of tonnes of the commodity to stabilise soaring prices, a report said on Sunday. Chronic problems with production and inconsistent
        AFP  -  387 words
      • 234 24 Piatt's Oilgram TOKYO A number of Japanese refiners, including Cosmo Oil, Idemitsu Corp, Japan Energy and Showa Shell, have reduced operating ratios and, in some instances, shut down desulfurisation units as the country's water shortage takes a turn for the worse, industry sources
        Piatt's Oilgram  -  234 words
      • 56 24 Reuter TSELINSKY, Russia Women workers shovelling grain during the wheat harvest at the Kirov State l-arm in Tselinsky region, near Rostov, on Sunday. This year's grain harvest in Russia is forecast to be between 90 million and 95 million tonnes, according to government estimates, down
        Reuter  -  56 words
      • 355 24 Piatt's Oilgram NEW YORK The 4.2 per cent increase in US demand for petroleum products in the first half of the year compared to 1993 was the largest year-to-year increase recorded by the American Petroleum Institute in more than
        Piatt's Oilgram  -  355 words
      • 250 24 KnightRidder NEW DELHI The Indian government on Sunday ordered an investigation into alleged bungling in white sugar imports that has forced the country to import sugar at a high price. A government spokesman said the inquiry will be headed by Gian Praicash, a retired comptroller
        Knight- Ridder  -  250 words
      • 330 24 Reuter ADEN Yemeni workers are racing to meet a government deadline to repair Aden's bomb-damaged refinery. Its managing director on Saturday said partial production should resume by July 23. The Yemeni government issued a statement on Friday night saying it had
        Reuter  -  330 words
      • 161 24 Reuter TOKYO A government advisory panel has proposed that Japan consider including palladium in the country's strategic metal stockpiles, a Ministry of International Trade and Industry (Miti) official said yesterday. Under the current stockpile programme. Japan aims to store 60 days of consumption worth
        Reuter  -  161 words
      • 169 24 Bloomberg ENERGY REPORT LONDON Crude oil futures in London decreased as much as 44 cents to U5517.33 a barrel as labour tensions appeared to ease in Nigeria, diminishing risks that the country's exports would be curtailed. Futures began to decline on Friday, as
        169 words
      • 107 24 THE SINGAPORE dollar was slightly firmer against the US dollar yesterday amid some light offshore commercial dollar selling interest. The Malaysian ringgit was confined in a tight trading range throughout the day and closed little changed from previous day's level. The Thai baht was stable
        Charts by Dow Jones Telerate  -  107 words
      • 189 24 AFP LONDON The dollar fell against the mark in European trading yesterday, shedding some of the gains it had made at the end of last week after US Treasury Secretary Lloyd Bentsen said he favours a strong dollar. In London, the dollar fell to 1.5405 marks from 1.5568 at
        AFP  -  189 words
      • Article, Illustration
        1350 24 I luJe-netghied index vakitlaird again* S pore s lop 14 trading partners Bom- year /M.< US$/S$ forward rates Noon July 18 ss BM offer 1-month 1.3077 1.3091 2-month ***** I 30S1 3-monlh 1.5057 1.3071 6-month 1.5022 1.5042 Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9mh m My 15 Singapore
        1,350 words
      • 101 24 AFP NEW YORK The doljar headed lower against major currencies except the yen in early trading on Monday, with the rise that got under way last week fizzling for lack of new support for the greenback. Gold picked up 40 cents to hit U*****.80 per ounce. At 1355
        AFP  -  101 words
    • COMMODITIES & FUTURES
      • 1203 25 Reuter SINGAPORE Simex Euroyen and Eurodollar futures closed easier in thin trade yesterday. A dealer with an Asian commission house said Euroyen is range-trading on the back of technicals with no fundamentals to guide the market. Dealers said the market focus was still on currency
        Reuter  -  1,203 words
      • 646 25 COMMODITY REPORTS KL Tin KUALA LUMPUR Tin firmed II sen to close at M$ 13.85 a kg due to rising prices in London, dealers said. European and local buyers outnumbered sellers as tin prices at the LME rose USS7S a tonne. Dealers said buying
        646 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 99 25 NEW DELHI India's wholesale vegetable oil prices are likely to remain firm over the next few weeks as domestic demand rises. Prices are also likely to stay firm because no fresh oilseed crops are expected until October, and the country has to manage with
          99 words
        • 111 25 TOKYO Japan's total cotton product demand rose 19 per cent in May from a year earlier to 462,600 bales, or 83,932 tonnes, the Japan Spinners' Association said yesterday. Of the total, domestic demand for cotton products totalled 430,900 bales, or 78,181 tonnes, in May,
          111 words
        • 130 25 SAO PAULO Coffee stocks at Brazil's farm cooperatives as of June 30 totalled 1.793 million 60-kilogram bags, down 33 per cent from 2.677 million a year ago, the National Coffee Council said yesterday. The level was considered very low for carry-over, considering part of the
          130 words
    • 1349 25 Rubber (Marat cMag M at Dip) RSS 1 C—tract (S cents/kg) Ck)K Volume Oncn Month High Low Sett (tonnes) Interest Aug 94 196.50 196.00 199.00 iTsO 900 Sep 194.00 200 3200 Oct 117.75 3325 Nov 116.00 3525 Dec 114.25 3575 Jsn/Msr 95 184.00 184.00 IM.OO 300 4725 KSS3C—tract
      1,349 words
    • REGIONAL STOCK MARKETS
      • 1157 26 +14.2 The Australian sharemarket overcame profit taking to post a strong start for the week yesterday, analysts said. At the close of trading, the key All Ordinaries Index was up 14.2 points to 2072.3, consolidating solid gains towards the end of last week. The index peaked at 2074.9, after
        1,157 words
      • 618 26 Share prices closed higher on bullish sentiment, buoyed by lower domestic interest rates and expectations of strong second quarter earnings, brokers said. "The market is very much alive because interest rates are down, investors axe very liquid and corporate results in the second quarter are expected to be strong,"
        618 words
      • 593 26 125.96 The Taiwan stock index finished at its highest level since June 1990 as intensified buying in the heavily weighted financial sector boosted overall sentiment, brokers said. The index rose 125.96 points or 1.97 per cent to end at 6,533.46. Turnover soared to a high for the year of
        593 words
      • 447 26 -4.93 Stocks extended early losses in very thin trade, sending the index to a lower close for the third consecutive session. The Composite Stock Index shed 4.93 points to 944.80, off a day high of 953.65. Losers outdid gainers 453 to 310. "Most institutional investors took a wait-and-see attitude
        447 words
      • 261 26 +21.95 Shares ended 1.09 per cent higher on improved turnover. Forest sector stocks were again singled out as buys as the commodities outlook continued to find favour. Turnover, worth NZ$4l.4 million, was high for Monday. The NZSE-40 Capital Index gained 21.95 points to end at 2,034.46, following on
        261 words
      • 104 26 -25.55 Share prices ended lower in listless trade with most market players staying on the sidelines, brokers said. The Bombay Stock Exchange (BSE), 30-share "index closed at a provisional 4,095.94, down 25.55 points from the previous close. The 100-share national index closed 2.29 points lower at a provisional 1,954.65.
        104 words
    • WORLD STOCK MARKETS
      • 621 26 Britannia Funds Sttrtiag Cask Mi Offer Mim Cap Deposit 31*400 3* 6300 Mim Jcnry Cik AII93 ***** Mini Mu Income "0.9300 *0.9400 USS Cmk Income Plus Fund 10 0700 10.4100 PS S Knave Fund 5 2*00 5.2900 0.4J92 0.4931 fm En* Find ****** *2.9730 Man PWtMu 1.9*10 2.1420 UK Growth
        621 words
      • 650 26 +7 2 Shares on the London Stock Exchange closed higher yesterday, but off the days best levels as a lacklustre opening on Wall Street and a weakening bond market depressed sentiment. The blue-chip Financial Times Stock Exchange 100share index closed at 3,082.0, up 7.2 points. The narrower Financial Times
        650 words
      • 159 26 +50.54 Shares booked big gains yesterday on the back of foreign buying after the market had been closed for four days due to a national holiday. A squeeze on the bond market, driven by higher German paper and catching up with a rise in US Treasuries last week, boosted
        159 words
      • 102 26 +o.Blpc Shares ended higher for the seventh consecutive day yesterday. Behind the gains were strong European bourses, a weak crown leading to buying interest in export firms and a late afternoon dip in debt yields. The OMX-Index closed 0.81 per cent higher at 1096.81 in low turnover of 1.701
        102 words
      • 218 26 +18.76 Stocks rallied in after-hours trading for a second day, lifted by rising government bonds ahead of an auction of 10-year issues. The DAX Index of 30 leading German stocks rose 18.76 points to 2116.95 in post-market trading, its highest point since June 13. Earlier, stocks were mixed as
        218 words
      • 179 26 -0.39 Shares closed marginally lower in lethargic holiday trading yesterday. Traders, however, said confidence was slowly returning and the conviction was growing that the market may rally soon. "Underlying sentiment has improved a lot since last week. Most of us are convinced that the worst of the correction is
        179 words
      • 165 26 -262 Stocks dived 2.3 per cent, staging their biggest loss since June 20, after worries gripped the market that a row over controversial legal reforms could bring down the government. The political stability that has been factored into prices these past few months is suddenly at risk," said Andrew
        165 words
      • 265 26 +1.52 After initial hesitation, caused by a weaker dollar and bund futures, investors resumed their recent buying of Dutch shares and assisted by a recovery in bonds lifted the market to a firmer close. Dealers said the more optimistic tone underpinning the market could drive the AEX index back
        265 words
      • 254 26 -12.15 Shares ended lower. Last week's selling in Roche certificates continued and dragged the market down. Trading was confined to professionals as retail investors kept to the sidelines, waiting for lower interest rates. Insurers bucked the trend as major Swiss insurers were seen facing a positive outlook. Charts also
        254 words
      • 285 26 11 Gold shares trickled off their highs to end slightly lower yesterday as the market searched for fresh proof that recent gains were sustainable, dealers said. Other sectors were generally steady but would watcn Wall Street for fresh direction today. The Overall Index was 11 points better at 5,587,
        285 words
      • 262 26 •2.12 Toronto stocks opened slightly lower yesterday with traders predicting a quiet week ahead. "There's not much of anything going on," one trader said. "The market is digesting this merger between Nesbitt Thomson and Burns Fry, but otherwise the market is doing very little." Bank of Montreal's Nesbitt Thomson
        262 words
      • 727 26 -3.56 Stock prices turned modestly lower early yesterday in light trading on the New York Stock Exchange as the market took a breather from its recent rally. The Dow Jones Industrial Average, which gained 14.56 points on Friday, was down 3.56 points to 3750.25 at Ham EDT. The
        727 words
    • Article, Illustration
      2755 27 Reuter HONGKONG Stocks finished higher on fund buying of selected blue chips but profit-taking pulled the Hang Seng Index down below the 9,200 benchmark, brokers said. The blue chip indicator added 76.81 points, or 0.84 per cent, to close the day at 9,193.83. It hit a high of 9,228.50
      Reuter; Source: Bridge Info  -  2,755 words
    • Article, Illustration
      480 27 CLSA "B" shares narrowly avoided the "A" shares plunge. Although the Shanghai "B" shares did not follow the "A" shares' 4 per cent plunge yesterday, sentiment has turned negative against these counters, and trading dwindled to USSI.B million. So the 0.34 per cent rise in the "B" shares should
      CLSA  -  480 words
    • Article, Illustration
      2545 27 Bloomberg Business News TOKYO Stocks declined after three days of gains as investors questioned whether the yen has indeed peaked against the dollar. The yen is showing some signs of stability, but I don't think it's enough to boost confidence," said Paul Migliorato, a senior salesman at Jardine Fleming
      Bloomberg Business News; Source: Bridge Info  -  2,545 words
    • Article, Illustration
      1564 27 AFP BANGKOK Heavy prof-it-taking took the fury out of a one-day bull run at the Stock Exchange of Thailand (SET) Monday, leaving the index just about where it started at 1,345.2 points, brokers said. The index gained a scant 1.03 prints, or 0.08 per cent, following Friday's leap of
      AFP; Source: Bridge Info  -  1,564 words
    • Article, Illustration
      1145 27 Bloomberg Business News JAKARTA Stocks rose to their highest level in three weeks amid anticipation of strong halfyear corporate earnings. The Jakarta Stock Exchange Composite Index, which tracks all stocks, rose for a fourth day, adding 0.6S points to 462.48. "Investors are expecting companies to report strong interim results,"
      Bloomberg Business News; Source: Bridge Info  -  1,145 words
    • 2262 28 MOST ACTIVE vofame Mulpha Intl 50c 4,129,000 Idra Hyd JOc 2,832.000 Promct 2,628.000 CASH JOc 2.028.000 Lien Hoc TSR97 1.804.000 Mult i-Purpose 1.600.000 Kamunting 50c 1,431.000 Landmarks Bhd 1.337,000 Pub Bk Foreign 1.191,000 Ind Oxygen Wt95 1.123.000 Kcmayan 50c 1.087,000 AMDB 50c 831.000 Fabcr Group 818,000 MOST ACTIVE
      2,262 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5716 28 Bernama KUALA LUMPUR Stock prices closed broadly lower yesterday in sluggish trading as investors took advantage oFlast week's gains to sell shares, traders said. "There are a lot of stale bulls in the market," said Audrey Ho of Ong Co analyst. "When they
        Bernama; Source: Bridge Info  -  5,716 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7396 29 MAW BOARD Transaction date: July 18 Cr Cr M Wl l«M Last Vai Day Lh)QmN Dt» Dh YM KM Cap An Hlpk Law Com*., Sale CM*) Hlph L« M Sdh. CV HI *3 Mct mmm. /mo romwirpii 1440 US Acma MS >10 60 1000 975 915 1000 17} 2.1 I*
        7,396 words
      • 1789 30  -  By R Sivanithy SINGAPORE Observers who at the end of last week forecast that prices here would firm up this week were proved wrong yesterday, and the market's unconvincing performance left many unsure of what the rest of the week holds for investors. The
        Charts by Bridge Info; Source: Bloomberg  -  1,789 words
  • Page 19 Advertisements
    • 655 19 NEWS VALUE How today's ne*s might affect your stocks Richard U eyas S'pore as regional HQ for new firm (pg l) Could have a positive psychological impact on stocks. Aekam bass coafh w> partner awes Mm meuey, Mas rift (pg l) Have to read between the lines what Teh says.
      655 words

  • Page 20 Advertisements
    • 93 20 j Would you believe deluxe i restaurant at hawker prices ...maybe even less! EXECUTIVE SET LUNCH DINNER FOR 4 PERSONS (LUNCH Daily DINNER Weekdays Only): Live Prawns with Chinese Wine Live Bed Tilapia with black bean Paste Braised ETu Noodles Dessert of the Day I 15PLU& a Choice of 1
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  • Page 21 Advertisements
    • 191 21 11l H Mb n I As Henry s client, you can concentrate I on what you do best: expanding your company. And not worry about I seating arrangements in your office. Because flexibility is our forte, we're able to reconfigure your office > j layout to suit your needs. Let's
      191 words

  • Page 22 Advertisements
    • 152 22 H The Teleview ii i Market With gjj Here is a unique opportunity to: KS)/- Widen the market for your Teleview's members are in the Y products and services market for a wide range of goods w(h Reach a new group of and services. They actively use affluent people with
      152 words
    • 285 22 The Commodity Futures and Options Course (3rd intake) is an action packed two day course conducted by the Export Institute of Singapore a division of the Singapore Trade Development Board. Learn how to trade and manage risk better using Futures and Options strategies in this hands-on programme specially tailored for
      285 words

  • Page 23 Advertisements
    • 207 23 M think of Persian M IPhWWII Hi T«i :(M)*****82 M Igl VAWURI IT^wi ON TOP ADVANCED THERAPy jjgggrgM HAIR LOSS TREATMENT ON TOP Advanced Therapy System is a complete, safe, effective yet affordable action effectively revitalizes hair. haircare treatment system specifically formulated to treat thinning hair. After just one month
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    • 97 23 An Eye for the Finer Points in Writing The uni-ball micro ÜBISO has been transformed into a fine writing accessory. The stainless steel precision tip and controlled ink flow system ensures v smooth writing per- LJ]LIJ i* > MMi formance. Its unique see-through ink reservoir shows ink balance right down
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  • Page 25 Advertisements
    • 144 25 Professional Nominee, Full Accounting and Administration Services available at reasonable cost Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE Q MAURITIUS GIBRALTAR PANAMA HONG KONG U.K.
      144 words
    • 32 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ZSSIS& MroSf eTS t the most Wr current W A X II
      32 words

  • Page 26 Advertisements
    • 83 26 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
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  • Page 27 Advertisements
    • 22 27 ACTAL NEUTRALISES STOMACH ACID. quick relief from stomach discomfort, f- FAST-ACnNGANTAOD Stirling 9astnc pain, indiges- j Health tion and heartburn, m 2
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  • Page 30 Advertisements
    • 12 30 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ I V ToadMrttaaMfow 1-400-741-1883
      12 words
    • 260 30 NOTICE NOTICE IS HEREBY GIVEN that, I SEAH SEOW PAR of Apt Blk 122 Simei Street 1 #09-424 Singapore 1852, have applied for a Ist Class Beer House Licence in respect of premises at M/s Trans Catering Services Pte Ltd at No. 2 Netheravon Road Singapore 1750, and that this
      260 words
    • 738 30 BUSINESS TIMES Txs^^REE^?^N<^3o^Bl-188^^ffx! I W-129e THE COMPANIES ACT. CAP. 50 MECAM SPORTS PTE LTD (la UqaMatioa) At a general meeting of MECAM SPORTS PTE LTD duly convened and held on tha 12th day of July, 1994 to following special resolution was passed: SPECIAL RESOLUTION That to Company ba wound up
      738 words
    • 201 30 M THE MATTER OF THE COMPANES ACT, CAP 88 AM M THE MATTER OF COMSTAR TRAOMQ PTE LTD fn Voluntoy VMn^Upj NOTICE IS HERESY GIVEN, pursuant to Section 308 of to Companies Act, Cap. 50, tot a Fma) Meeting ot the membars of to ahovenaroeri Company wfl be held at
      201 words
    • 360 30 NOTICE NOTICE IS HEREBY GIVEN that, I LUYONG KUNAKSORN of 73-C Jalan Senang Singapore 1441, have applied for a Beer House 2nd Class Licence in respect of premises at M/s A-Roy Thai Restaurant at 109 North Bridge Road #04-06 Funan Centre Singapore 0617 and that this application will be heard
      360 words
    • 255 30 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF TAY CHIN SENO HOLDINGS (PTE) LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraoninary General Meeting of the members of Tay Chin Seng Hokfngs (Pie) Ud duly convened and held at on 14fii July 1994 at
      255 words

  • Shipping Times
    • 414 31  -  By Alec Almazan SINGAPORE Shipping lines here say a Port of Singapore Authority survey projecting a IS per cent increase in overall container throughput this ysar is optimistic. The PSA said in its 1994 Throughput Forecast Survey that most feeder operators expected growth of
      414 words
    • 173 31 TOKYO Hitachi Zosen Corp of Japan has delivered the container ship Shan He to the China Ocean Shipping Group. The vessel, built at Hitachi's Ariake yard, is the last of a series of three built for the same owner. Sister ships Zhen He and
      173 words
    • 649 31 They seek changes on service contracts, tariff rates, capacity management Seatrade Week Newsfront BRUSSELS The shipping lines of the Trans-Atlantic Agreement have notified the European Commission of a revised agreement they are filing with tfre US Federal Maritime Commission. Without conceding the legal argument over
      Seatrade Week Newsfront  -  649 words
    • 818 31 Page Col Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 •Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Assist Marine 6 1 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9 5 Batamindo 7 3
      818 words
    • 189 31 Reuter TOKYO Foreign ship orders received by Japanese shipbuilders during the first six months of 1994 ballooned to 5.2 million gross registered tonnes (grt), a level attained for the first time in four years, a spokesman for the Japan Ship Exporters
      Reuter  -  189 words
    • 166 31 Reuter PANAMA CITY Revenues of the Panama Canal rose 3.2 per cent in the first nine months of the fiscal year ending in October, administrator Gilberto Guardia said. Toll income amounted to U*****.7 million (*****.2 million). The number of deep drawing
      Reuter  -  166 words
    • 345 31 BANGKOK A new warehouse is to be built at Bangkok Port for storing chemicals and other dangerous products to replace the one that burnt down in 1991. According to a report in The Nation yesterday, Sanya Hantamil, cargo director at the port, said
      345 words
    • 230 31 AP NEW YORK A team of inspectors from the city health department, the federal Centers for Disease Control and Prevention and the US Quarantine Service are investigating a luxury liner for traces of Legionella pneumophila bacterium after three passengers were diagnosed with Legionnaires' disease.
      AP  -  230 words
    • 692 32 COURSES Title: Certificate in Inventory Stores Control (SDF 70%) Duration: July 19 Aug 11 Organiser Singapore Institute of Materials Management lei: For more information contact 295-4427 or fax: 298-4012. Title: Import/Export Shipping Procedures (SDF 50%) Duration: July 20 Sep 7 Organiser Elim Management Services Tel: For registration tel:
      692 words
    • 11740 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEKNO PN: ship calls at Penang after
      11,740 words
    • 3143 45 A iIBC Containertine NV: Bctsin Shpg Agencies Pic Ltd (SyMarinc Handling Sda Bhd (PK/PN). Accord Group: Accord Shpg Ltd (SVAccocd Contr Line (PK/PN). Adkris Business Corporation Philippine Cabource Shpg Trdg Pte Ltd (S) Ahrenkiel Uner Service: Kim Shpg A T rdg (S). Albatros Sen-Air Service: Frata Shpg Pte
      3,143 words
    • 277 45 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies A Services
      277 words
    • 1564 45 Abe* Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroiiak Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Lxpress International Td: 542-7666 Fax: *****74. *****50. Air
      1,564 words
    • 2697 46 ALBANIA Dunes: Three vessels in port discharging of which 1 pipes, I bagged cement, 1 tobacco bales, no vessels waiting in roads. ANGOLA Luanda: Port quiet, no berthing delays, shortage of water continues in the city, however, the electricity supply situation has now stabilised. Lobito, Namibe: Port and
      2,697 words
    • 493 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait D«p Name of Vessel ETA t I D Ports of Calls Port Agent Telephone No JULY 19 19 Leisure World 1300 2015 Cruise to Nowhere New Century Tours 227-8284 Corporation 19 19 Langkapuri Star 1800 2200 Pcnang Jardinc Shipping 224-1032 Aquarius Agencies 20 20
      493 words
    • 721 46 SHIP SALES TANKER RATES AFP PURCHASING interest continues to focus on the drycargo market and this week a number of significant deals have been concluded. MOC of New York continue their disposal programme of the older units and have now disposed of their 1080 built panamax bulkcarrier Chrismir to London
      AFP  -  721 words
    • SHIPS IN PORT
      • 617 47 Vnwt *>y He Bartti Antat Dgrtw 07/05/94 J12 alongside 19 07/2300 Baymad 186* 1080/94 12/3 alongside 1907/0200 Cm! 05/94 116/17 Amp* 1907/0800 Decwifwgos 007 13 alongside 19 07/0700 Otk leslan 057 12 Jongside 1907/2330 Dm Gwia 07/03/94 12 alongside 1907/2315 Hondo 07/05/94 11 alongside 19.07/0300 Makran 149
        617 words
      • 1442 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Booking/Balance RsHs SMp Voy No Etb/Btr Period From To From Ac. Smn 127A 20/1500 IB IS/1500 18/1659 18/1900 2A 18/1700 19/0659 19/0900 4 19/1200 19/1459 19/1700 Ata Etoim 14SN 19/2100 IB
        1,442 words
      • 892 47 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        892 words
      • 576 47 Cvbon My 14 Density Water Residue Ash Maraiun Sedfaent M/M Exxon KG/IT3 V/V M/M M/M PPM method GO/Gmac Lints Spec E25 991 1.0 150 010 30* 010* Spec G35 991 1.0 18.0 0.15 30* 0.10* Northern Europe 180 Ave 981 0.1 13.4 0 04 8 0.02
        576 words
    • 1523 48  -  The head of IMC Holdings Frank Tsao talks to Jenny Lam about success and succession Jenny Lam SHIPPING magnate Frank Tsao is a banker's nightmare. This Hongkong billionaire believes in doing business the old-fash-ioned way with cash. Banks, he says, always want the umbrella back
      1,523 words
    • 1373 48 THE Baltic Freight Index for spot d(y cargo shipping rates rose to lAI2 on Friday from 1,405 on Julyr 14. Firmer rates were seen for Panamax tonnage from the cast in otherwise slow trading in most sectors, brokers said. U Navix was said to be on subjects until
      1,373 words
    • AIR AND LAND TRANSPORT NEWS
      • 441 50 Reuter SEATTLE Nasa has selected Boeing Co and McDonnell Douglas Corp to lead a team of scientists and engineers developing technologies that could be used for a proposed new supersonic transport, Boeing said last Friday. The National Aeronautics and Space Administration said
        Reuter  -  441 words
      • 205 50 Bloomberg Business News MELBOURNE Standard Poor's said yesterday it raised the senior debt rating of Ansett Transport Industries to 'B+' from 'B\ Ansett, which leases aircraft and operates Ansett Australia Airlines, is jointly owned by transport group TNT Ltd and News Corp. S&P said the
        Bloomberg Business News  -  205 words
      • Article, Illustration
        47 50 Reuter WEYMOUTH, England The Brigantine Jean de la lune from Leith in Scotland moves into Weymouth harbour on Sunday. The vessel is one of up to 60 ships from around Europe that will take part in the Cutty Sark tall ships race this week. Reuter
        Reuter  -  47 words
      • 278 50 Reuter LONDON British Secretary of State for Transport John MacGregor offered US airlines two new routes across the Atlantic, from Manchester to Los Angeles and from Stansted via New York to Chicago. "I am making this offer in order to maintain services for
        Reuter  -  278 words
      • 410 50 Bloomberg Business News DALLAS Greyhound Lines Inc said it began a restructuring that will reduce long-haul service and focus on more profitable short-haul routes. The operator of the only nationwide bus service also said it expects to post a sec-ond-quarter operating loss and that
        Bloomberg Business News  -  410 words
      • LOG BOOK
        • 77 50 AFP JAKARTA Indonesian private carrier Bouraq Airline is scheduled to link North Sulawesi's city of Manado and Manila with a thrice-weekly service, an official said here yesterday. The airline was expected to serve the route with either Boeing 737 or HS/BAE-748 aircrafts to serve
          AFP  -  77 words
        • 66 50 Bloomberg Business News LONDON The Association of Danish Shipbuilders is challenging the power of the European Commission to approve German state subsidies to shipbuilding companies based in east Germany, the Financial Times said yesterday. The Danish shipbuilders plan to take the issue to
          Bloomberg Business News  -  66 words
        • 92 50 UPI HONGKONG A super highway linking two key south China cities with Hongkong opened to traffic yesterday despite last minute work that has yet to be completed, officials said. Vehicles rolled across the 120 km toll road which connects the British colony to neighbouring Shenzhen and Guangzhou
          UPI  -  92 words
        • 105 50 Bloomberg Business News NEW YORK— TWA said last week it will match Continental's cuts, which will be good through the summer, in all markets where the airlines compete. Continental's discounts will be as much as 50 per cent off the low-price "Peanuts Fares" it began
          Bloomberg Business News  -  105 words
      • 327 50 AFP WARSAW The German Mercedes company, through its Polish arm, has beaten Volvo of Sweden in a tender to privatise the Jelcz manufacturer of commercial vehicles, the Polish industry and commerce ministry said on Friday. Mercedes, through its Polish representative Sobieslaw Zasada
        AFP  -  327 words
      • 1387 50 an nw ra nm no_ MM OUU (*892 0255 GA882 1940 KMMt QF81 1925 QF82 2055 SQ228 2120 Amtordafli KL837 1450 KL844 0035 GA893 1510 GA892 0255 KL838 2300 SQ26 2355 Mtmm SQ348 2250 Awcfcl—d NZ73 1550 SQ288 2045 SQ286 2040 NZ74 2340 Bahrain GF148 0905
        1,387 words
      • 426 50 Reuter LONDON Britain's ageing and sprawling rail network, hit by a series of nationwide strikes, is being given the cold shoulder by potential outside buyers in its planned privatisation. A seemingly intractable dispute between signalmen and management is not the main worry but highlights the
        Reuter  -  426 words
  • Page 31 Advertisements
    • 14 31 (WEstouja\ SEPARATOR J Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL
      14 words
    • 25 31 Lines and services represented by. Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
    • 16 31 Frank Tsao: capitalist and sage, Page 18 McDonnell, Boeing to lead supersonic transport team, Back Page
      16 words
    • 62 31 Jl+AA+Rt M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL:*****00 r> 9 sz Reliable SZ Efficient lj/1 Experienced Professional Then engage one who is a member of the Singapore Freight Forwarders Association (SFFA). SFFA demands that all its members comply with the Association's stringent criteria. SINGAPORE FREIGHT FORWARDERS ASSOCIATION
      62 words

  • Page 32 Advertisements
    • 2040 32 I ®?»o m IMPORT m IMPORT— [NORTH AMERICA] I OTHER DESTINATIONS I I NORTH AMgRICAH turner om rn w»r comt item I TP RAW WAtT.WvnMMMIM tmvmi I «wa«foM tnwnK phwm wct won wmtcoah *essel yor stoc u mil mi a mi houstor aoc nt mexicq ott vessel stoc mhos ames
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  • Page 33 Advertisements
    • 1609 33 M OOCL It) PTC LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIEB SON. BHD. 200 CANTONMENT ROAD. #12-05 SOUTH POINT. SINGAPORE 0206 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 CFS: 03-*****42 CR NUMBER: **********0 C PENANG TEL: *****4 FAX: *****1 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) IPOH lELI EL *****3/4 FAX: *****6 •1
      1,609 words
    • 1802 33 IN 4 DAYS 3 6 ARTHUR MAERSK V.9412 ETA SIN 27TH JULY 94 MAERSK HAMBURG V.9409 ETA SIN 30TH JULY 94 9 >c 1 V Vmnl Voy ETA ETD FMdarad by j destinations B TOM METTE MAERSK V94OS 5 cv 25/07 osoo mrs CfS 25/07 2350 MRS JOM LPK PEN
      1,802 words

  • Page 34 Advertisements
    • 1486 34 T AOABA R OAM/1 [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S'TQN H BURG A WERP HAVRE WEST MALAYSIA KIRISHIMA 05/128 20/7 8/8 9/8 7/8 Pcxt Ketang Penang LUOWIGSHAFEN EXPRESS 14/328 23/7 1/8 8/8 10/8 13/8 15/8 17/6 Paslr Gudarvg -&ANKFURT EXPRESS 74/129 27/7 13/8 16/8
      1,486 words
    • 593 34 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi. isJamqala (Doqharun) C.1.5./RUSSIA: Vostoctiny, Vladivostok. Moscow, I Baku, Tashkent, Irkutsk, Alma Ala, Ashgabad, Duahanb*. Kisv N Korea: Pyongyang, Nampo Mongolia: Ulaan Bator LCL TO CIS a EASTERN EUROPE FULL CONTAINER BERVICE TO fX NORTH/WEBT AFRICA US VESSEL SIN OKR Ned Asia V.2244 26/7 23/8
      593 words
    • 1162 34 I NORASIA I vsuvoy^^^^^^^^Sl?^^A^^^BC^^va^^HAs^Bß^^RO^^AN^^Fl^^lhaJ ARABIAN SEA 42SW 21/67 12/06 13/06 14/06 15/06 16/06 17/68 19/06 I VEIE O'AQUEA AO4W 26/07 23/06 17/66 I SEA MACEDONIA 429W 27/67 19/06 20/08 21/66 22/06 23/68 24/06 26/06 X VILE D-HYDRA HO4W 02/06 30/06 24/06 f NORASIA AL MUNTUAH 9430 3 03/06 26/06 27/06
      1,162 words

  • Page 35 Advertisements
    • 1268 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 020S Tel: *****88 Fax: *****17 FMrfA WW GUINEA PACIFIC LINE saiMumummwmmmmmMamkam omn A SERVICE OF CHINA navigation CO> CARGO DUE SAILS *1* L* w 15 M 20 M FCL. LCL CONTAINER ANO MEAKBULK SERVICE TO PAPtM NEW
      1,268 words
    • 3116 35 SINGAPORE AGENT: 11 flfiifi <rj| yt /\|«p P&O Containers (Singapore Agencies) Pte Ltd 'A IoL i, iXV/ V>\|lHCtAHvX 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 1 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 «J CR Number: **********0Z 4 EXPORT IMPORT VESSEL VOY -P*K3
      3,116 words
    • 36 35 0 ORIENTAL LINES INDIAN OCEAN SERVICE CONTAINER/BREAKBULK[ j ETA FTA ETA ETA ETA SINGAPORE COLOMBO MALE MAHE MOMBASA M.V. ORIENTAL 1 25/7 1/8 3/8 8/8 11/8 Ag«it» Inchcape Shipping Services Bookings: *****54/*****98 Fax No: *****88 4
      36 words

  • Page 36 Advertisements
    • 590 36 EKA JAYA AGENCIES IBj TEL: *****22 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE LMg-CHI MHM CITY I PAQtH IHANOHONK/DWtCT I l/»TMa>/134H*4 KILVIN CHAW IHMa GfigßHi 1 1 I "*rai* Itwrn J W I imTt I TO VWTNAM/HCMC CONTAIMtri-U^ibil* SERVICE CENTER-POINT V MB LINES IBM. WT OH STOW WT ETA HCMC
      590 words
    • 1711 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FM ttl L«E HAUL StA TV* TO* F» W. SM UNI HAUL M¥ IM WC HANJM HONGKONG MX 22/1 MKCT 11/1 12/8 13/8 HARJW HONGKONG MX 22/1 R XOK 05IE 25/1 HARJN SEATTLE Q34C 29/7 O«ECT
      1,711 words
    • 1359 36 mll \u I, 1 HHI I Hr r Irn scp its «c uc pm wt o» rst m no tu ae m nc w m n w «g no as m K l OMX KMI 11/7 71/7 M/ 7 27/7 »/7 1/1 2/1 VI 4/1 VI l/l 17/1 31/1 1/1
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  • Page 37 Advertisements
    • 2091 37 K II sex: 'CALIFORNIA JUPITER 74E' eta sgp 20/07/94 II H II ARRIVING LOS ANGELES 06/08/94 IN 16 DAYS H"W II AEX: 'NEPTUNE AVENTURINE 04E' ETA SGP 20/07/94 II H II ARRIVING NEW YORK 13/08/94 IN 23 DAYS II VISSIL I vor I l&E' LOS OAK VAN »CT ATL ((<•
      2,091 words
    • 1142 37 I A I MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 7^—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:
      1,142 words

  • Page 38 Advertisements
    • 1935 38 Kit hb ff AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (C* NO: *****7300MM/GST REG NO M 2 *****99 6) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I mi MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON INO I TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T.
      1,935 words
    • 1060 38 @APPENSHIP HAMBURG (I^3 CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO 80UTH EAST ASIA AND FAR EAST KSSEIS LOADMG POUTS DtSCHMtGf LOAtNNG FOR MERINI ANTW 27/06 SPORE 02/08 SEAKITTIE HAM 29/06 SPORE 02/08 ELENA V ANTW 03/07 SPORE 06/08 /lift ISLAM,C REPUBLIC OF laccepting cargo to gulf ports ;"I \\|/f IRAN
      1,060 words

  • Page 39 Advertisements
    • 926 39 PACIFIC INTERNATIONAL LINES (PTE) LTD^ 140 Cecil Street, #03-00 PIL Building, Singapore 0106. CR NO **********0E 4 V. VESSEL VOY SM CMS JIB JED AOJ AOE MOD PZU ASA KOTA BERLIAN BRLOI9 29/7 3/1 10/« 12/8 15/8 11/» 14/1 ,i KOTA BERK AT BKTOI3 7/8 12/8 19/8 22/8 24/8 21/8
      926 words
    • 944 39 vcsscis »ot sw umm Hamburg thmcs rothroam antnirp Will DC SAOTIA SO4W H/07 10/00 12/01 13/01 14/01 16/01 Milt 0 AQUIA AO4N 20/07 17/01 10/08 20/08 21/00 23/00 Win 0- HYDRA HO4W 02/00 24/00 20/00 27/00 20/00 30/00 Will Ot ITRA TO4N 31/00 02/00 03/00 04/00 06/09 •AISO ACCCTTMG CARGO
      944 words
    • 551 39 MR MYANMA |BBk FIVE STAR LINE Vr (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf PAGAN V2IIW 20/22 Jul AVA VI29W 20/24 Jul HM AN V2O4W 30/31 Jul PA THEN VI3OW 30/31 Jul 25/» Jul MALAYSIA AGENTS BOUSTEAO SHTPMG AGENCCS RUE TU 03-*****00 PKL: ta 03 *****47
      551 words


  • Page 41 Advertisements
    • 41 41 W ASLAPAC "At your service, anywhere and anytime 99 vinc I N T IWTIKTKANS LINKING THE WORLD TOGETHER HONG KONG CHINA KOREA MALAYSIA X > JAPAN THAILAND PHILIPPINES EUROPE SINGAPORE CANADA AUSTRALIA j MEXICO NEW ZEALAND ARGENTINA ASIAPAC FREIGHT EXPRESS PTE LTD
      41 words

  • Page 42 Advertisements
    • 1958 42 PERSIAN OULF r l if w": wiikl^ EVCVIF FRIDAY r f 1 pncrjo cjfippfNfi PTF LTD W (GeneralJ: 225J900 Sales/Booking: Agency Dept: Z e wlw* 17 08 pMX I®"*"' 1 *****66 Container: *****41/844 Container Src B/L *****02 Operation Container *****15 t ISVStSL" IConventional: *****50 D/ 0: *****85 Conventional: *****46 2-
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    • 925 42 /■PJCROATIA LINE A /^NOHBULKV (EX JUGOLINIJA) 1 I ((BBjr norbulk cargo services ltd. 1 I I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES ftssu spore j* png loading for LOSMJ 24 AUG 27 AUG AJe.andoa. Beirut. I I Istanbul Trieste. Roper. I SEA SONNET 19/7 21/7 FLU/ROAM/ANT/UK I lattakia
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  • Page 43 Advertisements
    • 716 43 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 24/7 ROTTERDAM 23/7 r AMHUS/COPENHAGEN 24/7 HAMBURG/BREMEN 24/7 MARSEILLE/FRANCE 20/7 EELIXSTOWE/UK 25/7 BARCELONA/SPAIN 25/7 LEHAVRE/FRANCE 20/7 Z GENOA/ITALY 25/7 ANTWERP/BELGIUM 25/7 Iu LOS ANGELES/WC/IPI 24/7 SYDNEY/MELBOURNE 22/7 NEW YORK/EC 24/7 FREMANTLE/ ADELAIDE
      716 words
    • 983 43 i vhkl vqv «w j«t 1 VOT |i WAHA BHUM 237S Tua_ In Pt St 23/7 AKA_BHUM MSN/8 Tut lln Pt Thu 21/T M [vESSEL VQV SIN B«K ISBA BHUM «08 Fri H/7 Lg_ »/7 1 j BEROJA 4117 Frt 22/7 Btl TUI. M H YAMTRA BHUM 43N Tw In
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    • 251 43 UTEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Line*) CR NO-- **********0E ""TTCCEFTINCTFCI^^ Vmm* Voy Loading For Abbay Worn 40WB 15/00 Mombasa. OflbouO ASSJ& Mtmwt Andkwt 3«WB 20/09 Mombasa. Djibouti AsMb Mmm PWXTOBIffAINKRLsHi KKl.l I.KR 1.1 NKR SKRVICE ACCEPTING BOTH FCL/LCL ALSO 80/SOC EEPQBT TOt MAUVTIUB AND
      251 words
    • 506 43 i BANGKOK/LAOI CHMAN6/LAOS 23/7 (SAT). 21/7 (TUE) POUT KOJWS/POMH6 21/7 (THI), 22/7 (FW) I mm KON6 19/7 (TUE). 22/7 (HO) lAKARTA 23/7 (SAT) 1» MAMLA/CEBU/SWC BAY 2S/7 (TIC) T~ HO CH mm 22/7 (FIB) SUtABATA 24/7 (SID BUSAH 24/7 (HI) 9 I pi PONGNAMA LIHE| IK SSI H M PNG
      506 words

  • Page 44 Advertisements
    • 1522 44 ASIA HKG/TWN/BKK' GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 19/7 20/7 21/7 HKG/BKK/KEE/KHH Genoa/Barcolona/Marseiles 22/7 23/7 24/7 21/7 22/7 23/7 HKG/BKK/KEE/KHH G'burf/Chaion/S'holm/Oslo 24/7 25/7 26/7 23/7 24/7 25/7 HKG/BKK/KEE/KHH 29/7 30/7 31/7 DAILY RECEIVING IPN/KORFfI/MANII A HONGKONG/BANGKOK/PUSAN JrH/ IVlnlllLn UDANG Manfla/Cebu 20/7 21/7 22/7 KEELUWG/KAOHSIUWQ Tokyo/Kobo/Osa/Yoko 22/7 23/7
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    • 173 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD HI lift ETA van rati wmk pcimnc SUE MUX S*W lojdwit tor kUk RINN HUDHU 31/7 Lo«fcng lof Dutm DOinW *2/7 Loading Tor Male noicu suntuc 30/; loading foi MaiUMMEDH S«M loading Fo> Maio PKO6WSS imiY N/> loading tor Male HOMLU Eli
      173 words
    • 1117 44 JL THONG SOON UNES PTE LTD 1 I w\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \y TO-: 227-50 M FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK S |NGAPORE TCTTHA?LAND ***ft VOY S'POtt PEST VESSEL VOY IS'PORE IIANCAOK EQUATOR
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  • Page 48 Advertisements
    • 455 48 VESSEL VOYAGE SWGAPORE MANi.A PERVOMAYSK *****N 2?/Q7 (FRI) 27/Q7 (<ffl?) VIGOUR PACFIC *****N 26/07 (TUE) 3Q/Q7 tiSV LANKA MAHAPOIA *****N 29/07 (FRI) Q?/Qj (WtP) PERVOMAYSK *****N 02/08 (TUE) 06/08 (SAT) SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE GENERAL SANTOS DAVAO CEBU V KRUCHWA *****E 22/07 (FRI) 28/07 (THUR) 23/07
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  • Page 48 Miscellaneous
    • 679 48 lII] TODAY'S TIDES (height in metres) Jj HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1)00 2000 2100 *****300""' at 1.0 0.1 0.7 OJ 1.0 1.3 1.1 LI 2.0 2.0 LS 1J 1.3 12 1.1 L 2 1.5
      679 words

  • Page 49 Advertisements
    • 818 49 ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 WIA* PKE* PCD* VESSELS VOY SIN RTM AWT* LEH* HAM BREt PEL 20/07 22/07 23/07 H. MNOVATOR 310W 25/07 13/08 15/08 16/08 15/08 15/08 17/08 27/07 29/07 30/07 H. EXPLORER 312W 01/08 19/08 21/08 22/08 21/08 21/08 23/08 03/08
      818 words
    • 446 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSStl VOY V PK KUC KK MJ* KT o*ll* KOI* IS HPT 20/7 MS* DUAKUS 2 H/7 27/7 SOMAI 21 3/1 1/1 CHAMPION TRAHR 40 7/1 0/1 ORANGC MOON 54 11/1 OUTBOUND VESSELS tOADINC FPU HO CHI MINH t
      446 words
    • 1001 49 [VESSEL I VOY SI ETA/0 I LAX I OAK I CH PAL MEM/COl HOU |WTC [NOR ALLIGATOR VICTORY 54A 21/07 07/0» W/OI 10/08 11/0« 11/01 12/01 12/01 13/01 f MACKINAC BROCt 7U 20/07 14/01 16/08 17/01 1«/ M 11/(X 19/01 H/OI 20/01 ALLIGATOR TRIUMPH 5<A 04/00 21/08 23/01 24/08 25/01
      1,001 words