The Business Times, 8 June 1995

Microfilm: NL19993
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Thursday June 8 1995 85*
    12 words
  • Article
    Lock icon Dow down 18 points
    61 1 Reuter NEW YORK Profit-taking drove blue-chip stocks lower yesterday as Wall Street took a breather after two straight re-cord-setting sessions. At 1 pm EDT, the Dow Jones was down 18.33 points at 4,466.87, retreating from Tuesday's record dose of 4,485.20. Declining issues led advances 12 to
    Reuter  -  61 words
  • Article
    Lock icon Clinton set to vote bill
    31 1 Reuter WASHINGTON President Clinton was expected to veto a US$l6.4 billion Republican spending cut bill yesterday. It will be Mr Clinton's first veto as president Renter
    Reuter  -  31 words
  • Article
    Untitled
    154 1 Wednesday Chaagi STII 2,179.11 -11.17 KLSEComn 1,057.80 -22.72 NKu!~L~.1W79.62 +1143 Haa« Seat 9,382.58 -115.25 SETIndex 1,402.39 +5.17 Jakarta Comp 495.51 +0.83 Manila Comp 2,838.85 -38.48 Taipei WPI 5.681.5 +3.27 Seoul Comp iw.3< +0.32 Bomb«w_ME30 ..3.393.U -6.18 CLSA China B 792.03 -2.49 AatfAll Ord -.2,015.6 -4.5 PTSB 100 .3,370.8 -9.2 Awr^jMf
    154 words
  • Article
    M'sian economy still sizzles with 9.9% 1Q growth
    604 1  -  Reports ffroM Ho Kay Tat In KUALA LUMPUR MALAYSIA'S economy continued to race ahead in the first quarter of the year, expanding a robust 9.9 per cent against 9.0 per cent in the earlier quarter. Growth was boosted by a sharp pick-up
    604 words
  • Article
    Analysts divided over impact of strong growth
    211 1 KUALA LUMPUR Investment analysts have mixed views on the impact Malaysia's strong first-quarter growth of 9.9 per cent will have on the stock market. The market b obviously going to warm to this level of growth, but there is a dou-ble-edged sort of
    211 words
  • Article
    Telecom in deal for China phone networks
    325 1  -  By Genevieve Cua SINGAPORE Singapore Telecom has signed an agreement with a telecommunications operator in China, paving the way for a role in constructing local phone and cellular networks in Shanghai and Suzhou. The memorandum of understanding was sealed yesterday by Singapore Telecom
    325 words
  • Article, Illustration
    Asians must cling to moral standards in mobile world: SM
    490 1  -  From Neville Stack in LONDON SINGAPORE'S Senior Minister Lee Kuan Yew yesterday said the challenge for Asians is to maintain certain standards of morality at a time when people from the wealthier countries of Asia are travelling around the world.
    490 words
  • Article
    Economists relish prospect of slower S'pore growth
    496 1  -  By Ven Sreenivasan SINGAPORE Economists are actually looking forward to the prospect of slower growth this year, saying it will give the Singapore economy a muchneeded breather from rising costs. After lower-than-expected first-quarter growth, most economists polled by Business Times this week said
    496 words
  • Article
    DBS Sec's Lanka broking venture lands suspension for illegal rebates
    324 1  -  Shiv Taneja SINGAPORE A Sri Lankan joint-venture stockbroking company of DBS Securities is to be suspended from trading for five days for giving illegal rebates |p. .clients. The chairman of the Colombo Stock Exchange (CSE), Ajit Jayaratne, said yesterday that
    324 words
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      156 1 Burberrys I 4 vC» y' Keii>ns when it pours Sport Dm 2 13.14 NMNns_3.is Finnat 17,1> World Nm 12 Mps 11 Ctt/KLSE. SES 22-24 Mtoritf 10 20 1 21 TVAitaMt 19 Cumnow II ImnKm 6 S—/Co—a ...18,19 Mm%Hm Td 1100-*****77 Fa *****7S ff NmmM M *****18 F« *****71 m Y
      156 words
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      17 1 Innovation: Pg 6 S'pore hotel goes click US bond yield curve signals sharp economic slowdown, Pg 12
      17 words
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      19 1 Hock Lock Siew: Pg 13 p Is the HK exchange blinkiEu? Asia's growth offers challenge: SM Lee, Pg 12
      19 words
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      108 1 fli LUNETTES tßottom Line: Pg 12 LjOtreen is good for business I Lead School: London School of Economics I I Entry: 2 'A' levels or equivalent I I *3 year degree programme I I Full tuition entirely in Singapore 1 Lecturers with Masters' qualifications I Video-taped back-up for students missing
      108 words
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  • 'SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Demand for industrial property up
        335 2  -  by Abdul Hadhi THE level of transacted prices in the industrial property market rose during the fint quarter of the year, a reflection of strong demand. The average capital value of first-storey space rose to $660 per square foot, an increase of 10 per cent
        Source: JLW Research,April 1995  -  335 words
    • Article
      SCV sets rates at $29.95 a month for basic package
      555 2  -  Reports by Catherine Ong SINGAPORE Cablevision (SCV) yesterday unveiled its subscription prices which it said are among the lowest in the region because it wants to make cable television affordable to Singaporeans. The much-awaited 30channel service will kick off on
      555 words
    • Article
      Two years before most of island is wired
      295 2 THE majority of Singapore households will not get cable TV for another two years despite the speed at which Singapore Cable Vision (SCV) is wiring up the island. With five contractors digging up roads to lay underground fibre-optic cables and another 10
      295 words
    • Article
      Colliers to return 'earnest money' for Liang Court project
      254 2  -  By Abdul Hadhi COLLIERS Jardine, whose acceptance of "earnest money" has sparked government scrutiny of the practice, has decided to refund all of the money collectcd. The company, marketing agents for Liang Court's Harbourlights project, had collected $20,000 each from about
      254 words
    • Article
      URA to sell 23 Chinatown shophouse parcels
      194 2 THE Urban Redevelopment Authority said yesterday it would sell another 23 Chinatown shophouse parcels by auction and tender. Nine parccls in South Bridge Road will be auctioned. The remaining 14 parccls in Mohamed Ali Lane, Gcmmill Lane and Club Street will be soltf
      194 words
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      160 2 UirU PERFORMANCE fIIVIf PAYROUSOFTWARE. Easy Fay 3 b the choice of over 3,500 companies. To find out more on Singapore's leading payroll software, cai 278 0097. flr—thm- yoftwr* f *"jn• m j; The key to performance. 4^ Just as the key to the Jk k monumental temple gate 'M of
      160 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Indonesia expects stable growth of 7.3%
      449 3 Reuter JAKARTA Indonesia predicted economic growth in calendar 199S at around last year's level of 7.34 per cent, but President Suharto ordered a watch on inflation, now hovering just below an annual 10 per cent. "Our economy is going better and better. Our exports
      Reuter  -  449 words
    • Article
      Lock icon Suharto orders probe into newsprint shortage
      360 3 AFP Reuter JAKARTA Indonesian President Suharto yesterday ordered a probe into the causes of a scarcity of newsprint that has threatened the existence of many dailies, Information Minister Harmoko said. "The president has asked the industry minister to launch an investigation," Mr Harmoko said.
      AFP; Reuter  -  360 words
    • Article
      Lock icon Manila to crack down on Filipinos leaving illegally for work
      300 3 AP, Reuter MANILA Agents have been deployed at Manila's international airport to screen out Filipinos trying to leave the country illegally for work abroad. Acting Labour Secretary Jose Brillantes yesterday said: "We are checking for third country destinations. That's how
      AP,; Reuter  -  300 words
    • Article
      Lock icon Thailand will be affected by US rate cut: study
      274 3 Reuter BANGKOK A US interest rate cut would have major effects on the Thai money market and economy. A study by the private Thai Farmers Research Co released yesterday said that if the US dollar remained stable alter a rate cut,
      Reuter  -  274 words
    • Article, Illustration
      Lock icon Taking the oath for the 9th parliament
      45 3 KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad taking oath as a member of parliament here yesterday. A total of 192 members of parliament took their oaths to form the ninth parliament in a special ceremony. Renter I Reuter
      Reuter  -  45 words
    • Article
      Lock icon Thai inflation under control: banker
      88 3 Reuter BANGKOK Thailand's annual inflation rate is not expected to exceed 5 per cent despite a recent minimum wage rise, Bank of Thailand governor Vijit Supinit said. World oil prices are stable and relatively low and are not causing inflationary pressures, and the impact of
      Reuter  -  88 words
    • Article
      Lock icon Hanoi starts govt debt auctions
      70 3 Bloomberg Business News HANOI Vietnam is starting an auction system for government debt sales which it hopes will open the market to some of the country's more prosperous citizens looking for a place to invest. The State Bank of Vietnam, the central bank, yesterday said
      Bloomberg Business News  -  70 words
    • Article
      Lock icon Bumiputra builders partner China firm
      87 3 NST KUALA LUMPUR A group of small bumiputra contractors led by the Malaysian Entrepreneurs' Club, or Kelab Usahawan Malaysia (K.UM), is seeking to undertake bigger contracts in Malaysia jointly with China's fourth biggest contractor, the Liaoning Group of Corporation for International Construction Engineering. A memorandum
      NST  -  87 words
    • Article
      Lock icon Refugee breakout linked to US bill
      62 3 AFP KUALA LUMPUR American officials yesterday linked a breakout at a Vietnamese camp here two days ago to a US refugee resettlement bill coming up for debate. "Everybody in that camp knows what's happening in Congress," said US Ambassador to Malaysia John Wolf. He
      AFP  -  62 words
    • Article
      Lock icon M'sian manufacturers see 27% rise in 1Q sales
      222 3 Bernama KUALA LUMPUR Total sales of 58 Malaysian manufacturing industries, surveyed by the Department of Statistics, reported a 27 per cent jump during the first three months of this year from last year's first quarter. These industries, polled monthly by the department,
      Bernama  -  222 words
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      47 3 i 11 Richly decorated plasterwork. Deftly painted in pastels, j 1 1 r^MiMmirammiriin T I run T m i*f^ W0; MMII IS—iP harmony mm r > Jgm P |f If <if I hi i' A tradition of colour, captured in a uniquely Singaporean hotel. > 'i H i Q
      47 words
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      Page 3 Advertisements Column 2
      165 3 This seminar increases productivity and effectiveness of the sales team by: Giving you the skills to organise and operate a performance oriented sales team Providing practical solutions to sales management problems Preparing you to get the best results from your sales team Showing you how to motivate your team to
      165 words
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  • CHINA/HONGKONG /TAIWAN
    • Article
      Lock icon Temporary cut in China's VAT
      64 4 Reuter BEIJING A temporary cut in China's value-added tax on some farm products is an anti-inflationary move, traders said. Some suggested it could be aimed at eradicating cheating. A finance ministry directive carried by official media said that from the end of 1995, VAT would
      Reuter  -  64 words
    • Article
      Lock icon Anti-poverty programme fruitful
      104 4 AP BEIJING China's anti-poverty programme has helped 10 million people escape severe poverty in the past year, a report said yesterday. China had 70 million people among its population of 1.2 billion who were living without adequate food and clothing as of the end of last year,
      AP  -  104 words
    • Article
      Lock icon Taiwan reserves at all-time high
      61 4 AFP TAIPEI Taiwan's foreign exchange reserves hit an all-time high of US$lOO.6 billion (S$ 139.8 billion) at end-May, Central Bank of China governor Sheu Yuan-dong said yesterday. During a parliament session he said the return on investment of the reserves stood at 5.96 per cent
      AFP  -  61 words
    • Article
      Lock icon Zhu orders top party officials to toe the line on economy
      305 4 AFP BEIJING Chinese Vice-Pre-mier Zhu Rongji has ordered a top-level meeting of Communist Party officials to toe the leadership's line on strengthening the party through economic development. In a speech carried on the front page of all the major
      AFP  -  305 words
    • Article, Illustration
      Lock icon Beijing likely to punish US businesses in China
      470 4 China 'very upset' by Lee Teng-hui's trip to US Bloomberg Business News, Reuter BEIJING The Chinese government has warned that American business interests in China will suffer because of Washington's decision to allow Taiwan's President Lee Tenghui to visit the United States.
      Bloomberg Business News,; Reuter  -  470 words
    • Article
      Lock icon China now main destination for Japanese investment
      273 4 AFP TOKYO China overtook Britain, the Netherlands and Australia last year to become the biggest destination for Japanese direct investment after the US, according to the latest finance ministry data. The figures also show that increased investment in Asian countries such as Indonesia,
      AFP  -  273 words
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      Page 4 Advertisements Column 1
      321 4 We're talking your language. Some straight talking about the new NEC SUentwriter™ superscript 660 i laser printer r 1 7 value for service it. That's something none of our major ,incredible Sharp Edge Technology™. competitors are offering. Carry-in! What you see is what you get. First y Other NEC 660
      321 words
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      254 4 2f*a»June Carlton Hotel WoWtop by an expert ki the business How to Evaluate Credit Risks Accurately How to Uae Sources of Credit InfiDrawtton Top Tips for a First Class Debt Collection System Practical Alternatives for Salvaging Bad Accounts ii P re-Considerations to Legal Action Negotiating for Settlement Mid much, much
      254 words
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  • ASIA
    • Article
      Lock icon JAL urges Tokyo to be firm in aviation row with Washington
      410 5 Reuter TOKYO Japan Airlines Co Ltd wants the Japanese government to be firm with the United States in their bilateral aviation dispute, company president Matsuo Toshimitsu said yesterday. "We want the Japanese government to continue taking a firm stance
      Reuter  -  410 words
    • Article
      Lock icon LDP hawks to boycott vote on Japan's war apology
      235 5 Reuter, AFP TOKYO Die-hard conservatives in a wing of Japan's government coalition will boycott this week's vote on a parliamentary resolution apologising for the country's role during World War 11, their leader said yesterday. Former Justice Minister Seisuke Okuno, leader of
      Reuter,; AFP  -  235 words
    • Article, Illustration
      Lock icon Heralding the age of smaller papers
      61 5 Reuter SYDNEY John Mair, a resident here, reading a copy of Sydney's daily newspaper, The Sydney Morning Herald, yesterday as Australia's newspaper industry braces for an expected surge in newsprint prices. John Fairfax, the publisher of the lucrative paper, plans to trim the size
      Reuter  -  61 words
    • Article
      Lock icon Bhutto moves to mend govt ties with business
      322 5 AFP KARACHI Pakistan Prime Minister Benazir Bhutto has reinstated four sacked key office holders of the country's top business body in a move aimed at improving strained ties with the business community, its leaders said yesterday. The government had removed President of
      AFP  -  322 words
    • Article
      Lock icon ADB to help set up legal frameworks
      72 5 AFP MANILA The Asian Development Bank (ADB) will expand efforts to help developing member countries set up the necessary legal framework that could attract more foreign investments, the bank said yesterday. A statement from the institution quoted ADB general-counsel Barry Metzger as saying
      AFP  -  72 words
    • Article
      Lock icon Korea Telecom boss sacked
      85 5 AFP SEOUL President Kim Young Sam yesterday sacked the head of the labour-troubled state telecommunications monopoly, Korea Telecom, and replaced him with a former four-star general, a spokesman said. Mr Kim dismissed Cho Baik Je and replaced him with Lee Jun, former commander of the First
      AFP  -  85 words
    • Article
      Lock icon Japan may cut interest rates on aid
      122 5 Reuter TOKYO Japan plans to cut interest rates on new yen loans extended as aid to other countries in order to reflect recent declines in domestic interest rates, a government official said on yesterday. The official said the scale of the cut was
      Reuter  -  122 words
    • Article
      Lock icon Sri Lanka's tourism booming
      72 5 Reuter COLOMBO Suspected Tamil rebels plant a car bomb at Sri Lanka's international airport, rumours of imminent air and sea attacks sweep the capital daily, yet the tourists keep coming in growing numbers. The Ceylon Tourist Board yesterday said arrivals last month were up 15 per
      Reuter  -  72 words
    • Article
      Lock icon Keating unveils blueprint to replace Queen as head of state
      182 5 Reuter CANBERRA Prime Minister Paul Keating, announcing his vision for an Australian republic by 2001, yesterday said a non-political president must replace Britain's Queen Elizabeth as head of state before Australia could truly be independent. Mr Keating said in a
      Reuter  -  182 words
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      212 5 Editorial, Pg 10 MwlSfl PhH SSlKglj^p- whd ii-/' &UhJjL»\ i^^i Tmiiii H b B v w JHHBpi B ■p" ;Z^ r k 1 I <4Hr b HHttlJ *.3 r .mi i *> '•"TXiCT®^ 'i 9 Br* JgaMjiti# k 1| HHKfliHv Hr K.. 5L mm ■be: Br 1 '^'c^®" ffPliaf i
      212 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Lock icon 300-seat aircraft flying at Mach 4
        76 6 Reuter LONDON Computers will be able to write their own programs and talk and listen to their owners in the next 25 years and a 300-seat aircraft will fly at four times the speed of sound, a British study on technology trends predicts. The
        Reuter  -  76 words
      • Article
        Lock icon Sonic device to help dear mucus
        74 6 UPI WASHINGTON Inventor Kraig Kirkpatrick has unveiled a sonic device aimed at clearing the airways of cystic fibrosis patients with sound vibrations rather than the traditional slaps on the back. A lethal hereditary disease, cystic fibrosis is brought on by a defect in the
        UPI  -  74 words
      • Article
        Lock icon Foetal treatment for diseases?
        90 6 UPI SYDNEY Scientists say they have pioneered a surgical technique to cure fatal genetic disease in unborn calves that doctors believe may soon be able to reverse inherited human disease. The technique achieved by the New South Wales Department of Agriculture scientist Dr Peter Healy claims
        UPI  -  90 words
    • Article
      Lock icon Meeting market demands for high-speed data networks
      956 6  -  Denise Caruso argues that the next stage for cable companies is not interactive television but online services and the Internet Denise Caruso AP INTERACTIVE television has been trumpeted as the revolution of the decade, if not the century. At the peak of the
      AP  -  956 words
    • Article, Illustration
      Ordering a meal with a click of the TV remote control
      368 6 For guests of ana Hotel Singapore, instant service is now as easy as clicking a button of the room television's remote control. The hotel yesterday launched its Guestserve Interactive System, which it says is the first of its kind
      368 words
  • THE LAW PAGE
    • Article, Illustration
      Better consumer protection in Aussie reforms
      656 6  -  Companies face new penalties should they break consumer protection laws under a four-year AS 160 million programme that also seeks to make the judiciary more efficient, reports Selva Kumar Selva Kumar Selva Kumar is a Sydney-based freelance writer THE Australian government plans to give
      656 words
    • Article
      New laws please some, upset others
      303 6  -  -By Selva Kumar THE Australian legal system worked overtime last month, creating a string of legal precedents that have pleased some and made others unhappy. People who were pleased included gays and lesbians, who were accorded a new status. Under a radical ruling, "married"
      303 words
    • Article
      Court's comment on moneylending clarified
      314 6 AT THE MB. A Court of Appeal comment in a 1992 judgment which might mean that any person may carry on the business of moneylending without a licence in Singapore with impunity as long as the person is not residing here, has been clarified. Judicial
      314 words
    • Article
      Law Society launches Saturday Forum
      129 6 The Law Society is launching a regular forum on Saturdays where lawyers and other professionals can gather to listen to prominent ami distinguished speakers on a variety of subjects. The first Saturday Forum on June 10 will look at "Investment for Busy Professionals", which will
      129 words
    • Article
      New edition of investment guide
      103 6  -  By Ramesh Divyanathan Australian solicitors Aliens Arthur Robinson have recently published the fifth edition of their Guidelines for Investment in Australia. First published in 1988, tfae book covers some of the moire important legal and policy issues for foreign enterprises or individuals proposing to establish
      103 words
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      38 words
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  • SPORTS
    • Article
      Lock icon Bruguera, Chang face semi-final showdown
      432 7 French Open AP PARIS Scrgi Bruguera and Michael Chang, with three French Open titles between them, moved to a semi-final showdown with straight-set victories yesterday. Bruguera, seeded seventh and shooting for his third straight title, advanced with a 6-2, 7-5, 6-2 victory over Renzo Furlan,
      AP  -  432 words
    • Article, Illustration
      Lock icon Hip strain ruins Agassi's hopes
      390 7 AP PARIS It was his worst nightmare come true, Andre Agassi said. On Centre Court, in the tournament he wanted to win more than any other. Barely started in his French Open quarter-final with Yevgeny Kafelnikov, Agassi slid into the red clay and felt a
      AP; Reuter  -  390 words
    • Article
      Fandi and Sundram to play against soccer greats
      253 7  -  By Suresh Nair SINGAPORE Fandi Ahmad and V Sundramoorthy will team up for the first time this season in a soccer celebrity match at the Singapore Cricket Club Padang this evening. The event: to raise $20,000 or more for the Singapore Children's
      253 words
    • Article
      Lock icon 4 Asian events included in Australasian PGA Tour
      529 7 AFP, Reuter SYDNEY Four Asian tournaments have been included in the next season's Australasian PGA Golf Tour with the possibility of an extra event in Vietnam. The 1995-96 tour, announced here on Tuesday, will have 16 tournaments with an overall 40 per
      AFP,; Reuter  -  529 words
    • Article, Illustration
      Lock icon Golf
      115 7 Reuter JOHANNESBURG Defending US Open champion Ernie Els is prepared to miss the Greater Hartford Open in Connecticut and the chance of collecting a U*****,000 (*****,850) winner's cheque if South Africa reaches the Rugby World Cup final on June 24. Speaking from his home in Florida, Els, a long-time
      Reuter  -  115 words
    • Article, Illustration
      Lock icon Rugby
      256 7 AP, Reuter JOHANNESBURG The World Cup has nut smoothly so far and has been a benefit to the sport and the host of the tournament, the organising chairman said on Tuesday. Ewart Bell, chairman of Rugby World Cup Ltd, told a news conference that fears of crime and inefficiency
      AP,; Reuter  -  256 words
    • Article, Illustration
      Lock icon Tennis
      173 7 AFP NEW YORK Former world No 1 Monica Seles will return to tennis in an exhibition game against the retired Martina Navrank) v a on July 29, CBS television executives said on Tuesday, No venue has been set for the match, which will be Yugoslavborn Seles* first since she
      AFP  -  173 words
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      680 words
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      Page 7 Advertisements Column 2
      118 7 YAKINIKU! Do-it-yourself Japanese Table Bar-B-Q. Come! Try for yourself the unforgettable taste aroma. ]^^H| 3 yjkF" i jijA v mi f Iwimft *\WHW z l5 YAKINIKU DAIDOMON MID YEAR "NO LIMIT" PROMOTION DURATION: For the month of June '95 NO LIMIT EATING Adult: Male Ss3B++ Female: Ss3s++ Children: 12 yrs
      118 words
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      Page 7 Advertisements Column 3
      135 7 f§ OUR CHINA TOUR M a PACKAGES COME WITH H §8 RADICAL REFORMS B /si Total Flexibility*lncredible Variety Unbeatable Value jNI H Beijing 4D/3N S$ 476 H W Kunming 4D/3N S$ 391 HI Xiamen S 360 M |h Beijing/Shanghai 6D/5N S$ 1,041 I^* Beij in g/Xian/Shanghai 7D/6N 551,450 WA Beijing/Guilin/Shanghai
      135 words
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      624 8 The World's |?lljfj Favourite Beer. 1 —m TH€ MOST fIUTH€NTIC ITflUflN PfISTR PIZZA IN TOUJN ...NEARER TO THE EAST MMM 3 PASTA FRISCA M SAIVATOtf PTI Kfi li)jH 3»(>^toi9wHMilHlMScaKUNl4«Wn) W:*****73 *****75 N|BW 7Lm7i 77 to* Eat CmH lad #01-01/02 5(1545) I*°*—l 1******40/241W3 X COSMOPOLITAN FARE «%«f At Cafe Carousel Feast
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      Page 8 Advertisements Column 2
      291 8 WHERE TO WINE, DINE AND ENTERTAIN Super Prizes for PLAZA HOTEL KMH SOAI) S*KAPO«O7I9 TH IStOOI I f I ndulgc yourself in a delectable buffet spread of I*l I I I Fresh Oysters, Smoked Silmoft, Cofd Cuu, ■111 M Marinated Chicken withjlsltgo, Roast Turke|.*J 111 Soup, Salad and a lempanf
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      Page 8 Advertisements Column 3
      327 8 The Day Yoi j Dine At Triple 3. Bf Prepared To Have A Very Light Breakfast Skip breakfast altogether for a sumptuous buffet 2 at Triple 3, an irresistible spread featuring some > 60 hot and cold dishes, plus tempting desserts. Call 4 us now to make your reservations at
      327 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Wired into the computer world
      723 9  -  Author Douglas Coupland takes his readers and interviewer Martin Wolk on a high-tech book tour Martin Wolk Reuter Douglas Coupland does not like telephone interviews. "I hate hate hate hate hate phoners," said the author of Generation X, who also is not keen on in-person
      Reuter  -  723 words
    • Article, Illustration
      Lock icon Superman sitting pretty, says doctor
      289 9 AP AP UPI CHRISTOPHER REEVE got a new view of his hospital room on Tuesday as doctors elevated his bed to a sitting position and said he may be placed in a chair as early as Tuesday night. are high," his physician, Df John Jane,
      AP; UPI  -  289 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      327 9 WHERE TO WINE, DINE MID ENTERTAIN BIIIM LIM For only $15.50 per person, you'll get Ovar 12 varieties of seasonal gnomes from oar extensive SALAD BAR including dressings, a selection of freshly baked breads and daily home made soup, A choice of Asian/Local or Western main course, A choice of
      327 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      460 9 <Hli >««■> CmL |w)» «/U* OmL cS2 Aucttand 14/05 Sumy Amsterdam 15/08 Shows OscagD rt. Ban#«*... 33/25 Clow* Athens »/J3 ranm Hon** 36/25 J*n ssl -ag S,:::. .IS& £2 SZsr=:=%& Bnjne* 33/25 Showers Copenhagen ISA® Showws Los AnpM 36/18 Slunveil Bwm 34£5 16/11 Cloudy Meuco Cxy 36/14 Cloud), Geneve 15AM
      460 words
    • Miscellaneous
      Page 9 Miscellaneous Column 2
      732 9 wmmmam NBA Finals 1995, 9am (live) and 11.30pm (rapaat), Ch 12 Houston Rockets take on the TjZi V Orlando Magic. WiU the Rock- m > ets' Hakeem "the Dream" Ola- juwon power the champions to Kg > the top again, or will they be *3*' A W V^r stopped by
      732 words
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  • Article, Illustration
    Lock icon Watanabe spreads ill will with remarks on Korea
    791 10 To claim Japan didn't colonise the nation distorts the truth IF a powerful figure in the Liberal Democratic Party like Michio Watanabe perceives history in such an outrageous way, it is natural that the Diet is far from adopting a resolution expressing
    Reuter  -  791 words
  • Article
    A place called Dabhol
    470 10 DABHOL is an unlikely location where the fiiture of India's economic reforms will be determined. But if a provincial government has its way, the small village in western India will emerge as a ymbol of the country's temporary retreat from a our-year-old reform process that has
    470 words
  • Article
    Prevention is what matters
    377 10 THE EXCHANGE of fire between Thai and Vietnamese naval craft in disputed waters last week, aid to be over fish poaching, should serve as a warning of how easily matters can get out of hand even as governments are trying to strengthen relations. This applies just
    377 words
  • Article
    Stronger S'pore-Indon ties
    83 10 THE Prime Minister's recent informal visit to Jakarta reflects again the close ties enjoyed by the two neighbouring countries. In terms of economic ties, Mr Goh's statement that Singapore remains committed to investing in Indonesia is an important one. Under a tourism agreement signed last year, Singapore
    83 words
  • Article
    The opening up of Pyongyang
    147 10 ONCE plans to open up the Tumen River is materialised, there will not only be economic but also political implications, especially for North Korea, which has closed up for more than 40 years. This is not only a chance for it to develop but also
    147 words
  • Article
    Solution to watery conflict
    136 10 WHAT was to have been a fairly dry technical meeting today between Thai and Vietnamese officials to discuss overlapping territorial claims has been given added urgency by last week's shoot-out in the Gulf of Thailand. The clash left two Vietnamese and one Thai fisherman dead. Finding
    136 words
  • Article
    The power of choice
    101 10 THE fundamental right of every consumer is choice. Yet, the consumer must make some effort to enjoy that privilege. The public has the choice of avoiding unhygienic eating places, of boycotting products which contain banned colourings or preservatives, of shunning services provided by irresponsible operators. Yet,
    101 words
  • Article
    Chapter 11 on a bigger scale
    174 10 IT HAS been described as a "novel" idea. Canada, hosting the summit of the Group of Seven (G-7) industrialised countries in Halifax, wants the world's most powerful economies to consider allowing a sovereign country to file for a form of bankruptcy protection. The first
    174 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      252 10 -3 Vlh rr| t I'iJlA ii! I.X Consolidated Profit Before Taxes +34.7% Highlights Creation of My' Bank, specialised in financial advice by telephone Opening of representative offices in Beijing and Warsaw Acquisition of a 29% equity stake in MC European Capital (Holdings), a Luxembourg company with operating offices in Geneva
      252 words
  • Page 10 Miscellaneous
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  • ANALYSIS
    • Article, Illustration
      Lock icon Darwin looks East for growth
      1088 11  -  Donald Turner reports on Australia's ambitious Northern Territory, which is intent on becoming the country's gateway to Asia Donald Turner The writer is a BT journalist. He visited the Northern Territory recently THE RISE of Asian Relations Minister Shane Stone to Chief Minister in Australia's
      Source: ABS  -  1,088 words
    • Article
      City expands port, pushes for rail link to south
      422 11 DARWIN has embarked on a three-stage expansion of its port in an effort to become a subregional transport hub. The aim is 'to achieve an integrated sea-land transport sysr tem incorporating a terminus for the proposed Darwin-Alice Springs railway, which would
      422 words
    • Article, Illustration
      Hotels scramble to meet boom in tourist numbers
      669 11 IT IS a telling statistic for Northern Territory tourism that the 5,005 rooms in MGM Grand's Las Vegas hotel and casino exceed the entire number available in the vast, sparsely populated territory. But as the new owner of Darwin's Diamond Beach Hotel
      669 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      24 11 STAKES Don't get shortchanged, L-X. f° r a coverage you can bank on. Financial News. Everyday. SINGAPORE r 1 Business Times Wl KNOW ASIA
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      Page 11 Advertisements Column 2
      106 11 A Must For All Investors! Get the limited Ist edition (Dec 94) of the One whole market in one book*^j corporate handbook free save when you subscribe Comprehensive ratios already calculated Earnings forecasts and rankings Easy comparison of company performance Sector comparisons Latest audited information No Other Book Has All
      106 words
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  • Article
    Lock icon US bond yield curve signals sharp economic slowdown
    515 12 Reuter WASHINGTON Investors are turning the US bond market on its head, with long-term interest rates poised to drop below shorter-term rates a signal that the economy is headed for a sharp slowdown, or possibly a recession. The yield on the 10-year
    Reuter  -  515 words
  • Article, Illustration
    Lock icon Tokyo, Osaka world's most expensive cities
    367 12 Singapore ranks below HK, Seoul, Taipei in cost-of-living Reuter GENEVA Tokyo and Osaka are easily the most expensive cities in the world, beating even over-priced Zurich and Geneva in the latest cost-of-liv-ing rankings. According to the rankings, published yesterday by the Swiss-based Corporate Resources
    Reuter  -  367 words
  • Article
    Lock icon A star is born
    91 12 Reuter WASHINGTON The Hubble Space Telescope has provided the first close look at the birth of a star, a sight that will help to discover how the planetary system was born. Scientist Chris Burrows said yesterday that "for the first time we are seeing a newborn
    Reuter  -  91 words
  • Article, Illustration
    Lock icon Juppe under fire
    138 12 Reuter PARIS French Prime Minister Alain Juppe came under fire from an investigative weekly yesterday for occupying a low-rent luxury flat owned by the city of Paris. The weddy Le Canard Enchaine reported that Mr Juppe (right), paid a remarkably low rent for his six-room apartment in
    Reuter  -  138 words
  • Article
    Lock icon Russian mafia at work
    94 12 Reuter JERUSALEM Russian organised crime has laundered US$4 billion (555.56 billion) through Israel in recent years, according to a report by the US Federal Bureau of Investigation leaked in the Hebrew press yesterday. Cash put through Israeli banks accounted for US$2.3 billion, and a further US$l.7
    Reuter  -  94 words
  • Article
    Lock icon New militancy arouses fear
    72 12 Reuter JOHANNESBURG South Africans biggest employer body yesterday said it was concerned at the impact of renewed labour militancy on the national business mood, which it said had soured recently. The South African Chamber of Business (SACOB), mouthpiece for 40,000 enterprises nationwide, said its monthly confidence
    Reuter  -  72 words
  • Article
    Lock icon Israel porksellers up in arms
    86 12 Reuter JERUSALEM Israel's porksellers have declared war on ultra-Orthodox Jews who would like to close them down. Israeli shopkeepers and butchers gathered here on Tuesday, vowing to fight efforts by city councils to enforce decades-old laws banning the sale of non-kosher meat. The laws, pushed
    Reuter  -  86 words
  • Article
    Lock icon Russia's 1st domestic bond
    55 12 Reuter MOSCOW Russia will launch its domestic government bond market with a one-year issue on June 14. "The volume of the first issue will be one trillion roubles, and the first quarterly coupon will be 52.88 per cent," said Konstantin Korishchenko, deputy head of the central
    Reuter  -  55 words
  • Article
    Lock icon UN denies hostage deal
    85 12 Reuter SARAJEVO United Nations officials in Bosnia-Herzegovina struck no deal with the Bosnian Serbs to obtain the release of more than 100 hostages late Tuesday night, a UN Protection Force (Unprofor) spokesman said yesterday. The statement, by civilian Unprofor spokesman Alexander Ivanko, came shortly after 108
    Reuter  -  85 words
  • Article
    Lock icon US expects China to honour HK pledges
    240 12 AP WASHINGTON The United States, although anxious about Chinese threats to freedom in Hongkong, expects Beijing ultimately to recognise that its interests lie in honouring its promises after taking over the thriving British colony. "I don't think we should be overly pessimistic, but
    AP  -  240 words
  • Article
    Lock icon Fed's Blinder voices concern about sharp slowdown
    385 12 Reuter WASHINGTON The number two man at the Federal Reserve has voiced concern about the recent sharp slowdown in the economy and said the central bank needed to be alert to the risk of recession in setting policy. "I'm more concerned now about
    Reuter  -  385 words
  • Article
    Lock icon G-7 to push for faster access to IMF funds in financial crises
    237 12 Reuter OTTAWA The world's richest industrial nations, the Group of Seven, will push for a large-scale increase in the amount of money that would be available for countries in deep financial trouble, according to a draft communique written
    Reuter  -  237 words
  • Article, Illustration
    Green, business concerns not mutually exclusive
    840 12  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor THERE was a time when hardheaded economic policymakers used to think that the environment was for the birds. Many of them still do, especially in developing countries. The bottom line
    840 words
  • Article
    Lock icon UK rates steady; unlikely to change this month: analysts
    233 12 Reuter LONDON The Bank of England left its dealing rates unchanged yesterday, reinforcing views that Chancellor of the Exchequer Kenneth Clarke had decided to put monetary policy on hold this month. Analysts do not entirely rule out changes in the 6V4
    Reuter  -  233 words
  • Article
    Asia's growth offers challenge: SM Lee
    476 12  -  But it also poses threat to European economies, he says From Neville Stack in LONDON ASIA'S dynamic growth was proving a challenge and also a threat to European economies, Senior Minister Lee Kuan Yew said at the end of his private visit to London.
    476 words
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  • COMPANIES & MARKETS
    • Article
      Listed films' bids top in URA tender
      522 13  -  Bukit Sembawang and Bonvests are frontrunners for four out of nine residential plots By Michelle Low SINGAPORE Listed Bukit Sembawang Estates and Bonvests Holdings have put in the highest bids for four out of nine residential parcels offered for tender by the Urban
      522 words
    • Article
      Goodwood to buy central London hotel for £65m
      384 13  -  By Agnes Wee SINGAPORE Goodwood Park Hotel through its wholly owned subsidiary Royal Garden Hotel (Jersey) Ltd has entered into a conditional agreement to buy the Royal Garden Hotel in London for £65 million (SSI43 million) from Rank Holidays and Hotels. Announcing
      384 words
    • Article, Illustration
      Transmarco earnings plunge by 50%
      370 13 Rationalisation exercise leads to heed for one-off provisions 80" SINGAPORE Trading company Transmarco Ltd reported a 50.1 per cent plunge in net earnings for the year ended March 31 to $4.57 million as the new management began a rationalisation exercise. Turnover fell 11.5 per cent
      370 words
    • Article
      Is the HK stock exchange wearing blinkers?
      680 13  -  HOCK LOCK SIEW -By Steve Vines HONGKONG It is becoming increasingly difficult to distinguish between the authorities who run the Hongkong stock exchange and the three monkeys who see no evil, hear no evil and speak no evil. The exchange is facing some
      680 words
    • Article
      RHR lifting gearing to buy Harbour View
      285 13 SINGAPORE Republic Hotels and Resorts' (RHR) planned acquisition of the Harbour View Dai-Ichi Hotel at Anson Road will lift its gearing up from 2.9 per cent to 28.8 per cent of shareholders' funds. However, total borrowings will still be only $111 million after
      285 words
    • Article
      Cam Mech shares in surprise 30% surge
      256 13 SINGAPORE The share price of component manufacturer Cam Mechatronic shot up 16 cents, or almost 30 per cent, yesterday on heavy volume to close at 74 cents. Analysts and dealers were at a loss to explain the sudden interest in the second-line counter.
      256 words
    • Article, Illustration
      MARKET MOOD Mixed
      51 13 'Market Mood' indicates the likely trading sentiment today, bated on broken polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit L)Wivtais Securities, Daiwa, Fraser, G K Goh, Kay Him, Morgan GrenfeU, Ong Co, Nomura. Phillip. Smith New Court. WI Can and SG
      51 words
    • Article, Illustration
      HOT STOCK
      89 13  -  By Paul Leo LANDMARKS is building a base at $2.00 for a mediumterm rally towards $3.45. Momentum indicators like MACD and moving averages are neutral while the monthly Relative Strength Index and daily stochastics are oversold. A break above resistance at $2.20 will signal the end of the
      89 words
    • COMPANIES
      • Article
        Fu Yu in further regional expansion
        80 14 SINGAPORE Fu Yu Manufacturing Ltd, which is offering its shares for public subscription, has announced further expansion plans in the region. It has acquired a second factory in Penang, boosting production capacity there 50 per cent. In China, it has paid Si million for
        80 words
      • Article
        NOL confirms Bara error
        72 14 SINGAPORE Neptune Orient Lines (NOL) confirmed its shareholding in Bara International Shipping Lines Co of Thailand is 30 per cent. It said in a statement that it regretted the error of stating its stake as 49.6 per cent in its annual reports for the past six
        72 words
      • Article
        Chemical Ind bonus issue gets nod
        49 14 SINGAPORE The Stock Exchange has approved Chemical Industries' proposed one-for-two bonus issue. i\n extraordinary general meeting will be held on June 30 to vote on the bonus issue as well as special resolutions to double the company's authorised share capital to $100 million.
        49 words
      • Article
        Guoco reduces stake in FCC
        72 14 SINGAPORE First Capital Corporation (FCC) announced yesterday that Guoco Investment Pte Ltd on Monday reduced its stake in FCC to 50.49 per cent from the previous 51.14 per cent. Guoco Group Ltd's and Quek Leng Chan's deemed interest in FCC had also been reduced accordingly.
        72 words
      • Article
        Heshe to build $22.6m warehouse in Paya Lebar
        126 14 SINGAPORE Loss-making garment manufacturer and retailer Heshe Holdings announced plans yesterday to build a $22.6 million warehouse at Paya Lebar. The six-storey building will have a total built-up area of 218,000 sq ft. Heshe said it had accepted an offer from Jurong
        126 words
      • Article
        Maybank call warrants close 12 sen up on debut
        487 14  -  Rise comes despite profit-taking in blue chips From Ho Kay Tat in KUALA LUMPUR MALAYAN Banking (Maybank) call warrants closed at a 12 sen premium above their offer price of M 54.885 in their Kuala Lumpur Stock Exchange (KLSE) debut yesterday.
        487 words
      • Article
        Super Coffeemix soups up expansion
        236 14 SINGAPORE Sesdaq-listed Super CofTeemix Manufacturing plans to expand its facilities in Singapore and Malaysia. In the group's annual report released earlier this week, chairman Teo Kee Bok revealed that the group would invest in a second flake cereal production line this year. No other details
        236 words
      • Article
        Lock icon MP calls for review of KL rules on cash acquisitions
        384 14 MBT KUALA LUMPUR A member of parliament has called for a review of Malaysia's guidelines following complaints by Ancom Bhd's shareholders about the company's cash acquisition of Tubex Sdn Bhd. Under current Securities Commission rules, any acquisition of assets or
        MBT  -  384 words
      • Article
        Untitled
        517 14 Maapn' pricw Jun S Sh Grater China Fd 1X10 ,u T Mendaki Gr Fund 1.03 |.06g Sagapnra Unit Tract us Gr Fund 103 1.07* The Commerce I.SI I 67»d |UU» a—A Hat IU The Savings Fund 1.55 1.64 Mmm ■>> Spore Prog Fuod 0.63 a67 Unifund .47 1.53 S-porc See
        517 words
      • Article, Illustration
        Lee Kim Tah's job order list hit $477m in mid-May
        323 14 SINGAPORE The total value of job orders for listed construction company Lee Kim Tah hit $477 million by midMay this year, boosted by more orders last year, company chairman Lee Soon Teck said in its recently released annual report for
        323 words
      • Article
        Hwa Hong has $500m of work in hand
        261 14  -  By Teh Hooi Ling SINGAPORE Hwa Hong Corp says its civil engineering and building division has work in hand worth more than $500 million, compared with $429 million in 1994. Chairman Ong Choon Eng says in the group's justreleased 1994 annual report
        261 words
      • Article
        Lock icon Li Ka-shing sells US$166m Hutchison shares as stock surges
        375 15 Bloomberg Business News HONGKONG Li Ka-shing, the chairman of Cheung Kong (Holdings) Ltd, sold US$l66 million (SS23I million) worth of shares in Hutchison Whampot Ltd as the stock's price ncared a five-year high, according to disclosure documents filed with the Stock
        Bloomberg Business News  -  375 words
      • Article
        Lock icon South Korea's Dong Ah wins US$5.7b Libyan contract
        306 15 Bloomberg Business News SEOUL Dong Ah Construction Industrial Co said it has received a US$5.6B billion (557.9 billion) contract from the Libyan government to lay 1,100 km of water pipes in the North African country. A Dong Ah spokesman said Chung Jin
        Bloomberg Business News  -  306 words
      • Article, Illustration
        Lock icon Phone in for a picture
        82 15 Reuter TOKYO An Olympus Optical Co promoter, Naoko Mori, showing how easy it is to do a digital stills image transmission with the camera maker's new VC-IIOOIIHS camera, outside the company headquarters here yesterday. The camera is capable of recording, sending and receiving digital stills
        Reuter  -  82 words
      • Article
        Lock icon Probe in trading of CarnaudMetalbox
        94 15 Reuter PARIS The French COB stock exchange regulator confirmed yesterday newspaper reports it was looking into trading in CarnaudMetalbox shares prior to a takeover offer from US Crown Cork Seal Inc. Dailies Les Echas and Le Figaro said the COB was alerted by a sharp
        Reuter  -  94 words
      • Article
        Lock icon Speculation on Novell-Borland merger
        85 15 Reuter K DENVER The stunning bid by International Business Machines Corp for Lotus Development Corp has raised fresh speculation about a combination between Novell Inc and Borland International. But it is still unclear if the two, which work closely together, would merge or work out something
        Reuter  -  85 words
      • Article
        Lock icon IBM gets 'bit' part with DreamWorks
        77 15 Reuter LOS ANGELES The new Dream Works SKG studio founded in October by Hollywood powerbrokers Steven Spielberg, Jeffrey Katzenberg and David Geffen said on Tuesday that International Business Machines Corp would provide technology it plans to use to bring Hollywood into the digital age.
        Reuter  -  77 words
      • Article
        Lock icon Strangling gets nod to convert 9m shares into B shares
        128 15 AFP SHANGHAI Strangling Electrical Appliance Co Ltd (Strangling), one of China's biggest home-appliance makers, has obtained approval to convert nine million corporate shares into B shares, a newspaper reported yesterday. The Shanghai Securities News daily reported that the watchdog China
        AFP  -  128 words
      • Article
        Lock icon Microsoft gets an opportunity to increase market share
        427 16 IBM's bid for Lotus Reuter SEATTLE International Business Machines Corp's US$3.3 billion (554.6 billion) hostile bid for Lotus Development Corp could provide a near-term opportunity for Microsoft Corp to gain market share. "It's probably not the best time for a hostile takeover,"
        Reuter  -  427 words
      • Article
        Lock icon Hostile takeovers gaining acceptance
        529 16 IBM's bid for Lotus marks milestone in changing corporate ethos NYT NEW YORK With its stunning US$3.3 billion (554.6 billion) hostile bid on Monday for Lotus Development Corp, IBM did not so much alter today's rapidly evolving corporate ethos as lay down a historic marker for
        NYT  -  529 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Citic Telecom launches 7-year HK$2.15b syndicated loan
        435 17 KnightRidder, Bloomberg Business News HONGKONG Citic Telecom (Holdings) launched a sev-en-year HK.52.15 billion (SS3B7 million) syndicated loan on Monday at an all-in return of 81 basis points over Hibor, Grace Tam, managing director for arranger Barclays Bank said. The loan is a refinancing
        Knight- Ridder,; Bloomberg Business News  -  435 words
      • Article
        Lock icon Minister criticises China's covert futures exchanges
        381 17 Reuter BEIJING A vice-minister of the Ministry of Internal Trade has slammed wholesale markets that run "covert futures exchanges" to fill the gap caused by the suspension of most of China's futures trade, the Securities Daily said yesterday. Those who felt it was productive
        Reuter  -  381 words
      • Article
        Lock icon Ex-Kemper officials barred in settlement with securities agency
        484 17 Bloomberg Business News WASHINGTON The Securities and Exchange Commission (SEC) barred three former Kemper Corp officials from the securities industry under a series of settlements announced on Tuesday. Kemper or its affiliates entered into three agreements with the SEC that resolve administrative
        Bloomberg Business News  -  484 words
      • Article
        Lock icon New index shows baht not overvalued, says Citibank
        282 17 Reuter BANGKOK Citibank said its new baht Trade Weighted Index (TWI), launched yesterday, showed that the Thai currency was not overvalued at current exchange rates. The TWI, which is calculated from the end of 1984 using 21 countries' currencies weighted according to
        Reuter  -  282 words
      • Article
        Lock icon Prudential mum on Stanchart brokerage report
        167 17 Reuter HONGKONG Prudential Bache Securities (HK) is referring to London and New York all inquiries on reports that it is one of the parties bidding for Standard Chartered pic's Hong-kong-based brokerage arm. Prudential Insurance Co of America owns all of Prußache HK. A local
        Reuter  -  167 words
      • Article
        Lock icon Shot in the arm for Sumitomo unit
        80 17 AFP TOKYO Japan's Sumitomo Bank will inject US$lBO million (Ss2so million) into its Sumitomo Bank of California subsidiary by subscribing to a common stock issue by the unit, a statement said yesterday. The California bank recently said it planned to dispose of US$5OO
        AFP  -  80 words
      • Article
        Lock icon S&P lowers Sakura Bank's rating
        67 17 AFP TOKYO Standard and Poor's yesterday downgraded the senior debt rating of Sakura Bank from single-A to single-A minus but revised the outlook for the major Japanese bank from negative to stable. S&P said several guaranteed subsidiaries, including those in Canada, Britain, Hongkong and Australia,
        AFP  -  67 words
      • Article
        Lock icon Price of Wan Pao Fund soars
        67 17 Bloomberg Business News TAIPEI The Wan Pao Fund, a mutual fund consisting mostly of fixed-income investments that is traded on the Taiwan Stock Exchange, soared by its 7 per cent daily limit after investors yesterday voted to delist the fund and make it open-ended.
        Bloomberg Business News  -  67 words
      • Article
        Lock icon Kookmin Bank to raise capital
        44 17 Reuter SEOUL South Korea's Kookmin Bank plans to increase its paid-up capital by about 200 billion won (***** million) this year. This will raise its capital ratio to about 7 per cent from the current 5.3 per cent. Reuter
        Reuter  -  44 words
      • Article
        Lock icon New US reporting rule under fire
        57 17 Knight-Ridder WASHINGTON Market participants told the US Treasury Department they would oppose a new rule requiring them to regularly report their holdings of large positions in recent government securities. This is the industry's main concern about upcoming regulations on the new requirement, according to
        Knight-Ridder  -  57 words
      • Article
        Lock icon Manhattan Card stake may not be easy to unload: analysts
        473 18 Bloomberg Business News HONGKONG Chase Manhattan Corp, hoping to bail out of the credit card business in Hongkong, may find many rivals unwilling to flex their plastic, bankers and analysts said. Executives at US banks such as Bank of America
        Bloomberg Business News  -  473 words
      • Article
        Lock icon Mexico scraps plan for US$1b foreign bank loan
        379 18 Bloomberg Business News NEW YORK Mexico has backed off from plans to seek US$l billion (S$ 1.4 billion) from foreign commercial banks, the second time this year Mexico has run into problems obtaining such a loan, people familiar with the situation said
        Bloomberg Business News  -  379 words
      • Article
        Lock icon Mixed feelings about new Simex contract
        364 18 Brent crude oil futures contract to be launched tomorrow Reuter SINGAPORE Oil analysts are optimistic that tomorrow's scheduled launch of Asia's first major crude oil futures contract will succeed amid booming regional oil demand. But others fear the Singapore International Monetary Exchange (Simex) contract
        Reuter  -  364 words
      • Article, Illustration
        Untitled
        1180 18 Trade-ttetghlttl index calculated axainsi Spare'> lop 14 tradinx partner Base year !9tS US$/S$ forward rates Noon /Jun 7 ss BU Offer 1-month 1 38 M> IJS7I 2-month I.3M2 1.3817 3-month 1.3752 IJ767 6-month 1.3623 1.3645 Sonny OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9m m Jaa 7 Singapore
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      • Article
        Lock icon Oil higher on bullish US stocks data
        314 18 ENERGY REPORT Reuter LONDON World oil prices clawed back some recent losses yesterday, supported by a bullish set of US stocks data. International benchmark Brent blend oil futures gained 11 cents a barrel to US$lB after both the American Petroleum Institute (API) and
        Reuter  -  314 words
      • Article
        Lock icon LONDON
        204 18 Reuter LONDON The dollar closed lower in Europe as dealers focused on the lower end of its recent range in late trading after the US unit had been stuck in narrow ranges for most of the day. A drop through a support level at 1.4080 marks sparked stop loss
        Reuter  -  204 words
      • Article
        Lock icon NEW YORK
        97 18 AFP NEW YORK The dollar was mixed against other major currencies here early yesterday in a quiet market lacking direction from any new US economic statistics. Gold rose to U*****.50 an ounce, up US$2. At 1400 GMT, the doUar was quoted at 1.4075 marks, down from 1.4110 late
        AFP  -  97 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars and Euroyen end mixed
        1290 19 Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended mixed after trading narrow ranges. Eurodollars continued to see profit-taking after recent highs, said dealers. 'Technically, the market is still overbought," said a dealer with a US futures firm. He said there was still upside potential with
        Reuter  -  1,290 words
      • Article
        KL tin ends lower in line with LME
        692 19 COMMODITY REPORTS KL Tin TIN price on the KLTM ended 26 sen lower at MS 1 5.03 per kg yesterday in line with the weaker close on the overnight LME. Three-month tin on the LME fell US$5O to U556,240 per tonne on
        692 words
      • Article
        World coffee supply uncertain
        94 19 HAMBURG World coffee supply this year is largely uncertain, while sales as well as production of fresh coffee are decreasing, said Wolfgang Heinricy, general manager of German coffee tradehouse Rothfos. The absence of reliable data caused large price fluctuations, he added. Statistics about production were precise
        94 words
      • Article
        No firm date for Brazil coffee auction
        117 19 BRASILIA The Brazilian government is far from setting a date for its next auction of government coffee stocks. Assistant Industry and Commerce Minister for Trade Luiz Milton Vekwo said yesterday. "Market ideas that Brazil was ready to set a date for an auction
        117 words
      • Article
        Blast closes Jamaican bauxite refinery
        95 19 KINGSTON Alumina Partners, Jamaica's biggest bauxite refiner, shut down its plant temporarily yesterday after an explosion late Monday that damaged a stack, a senior company official said yesterday afternoon. The official said the company was preparing to repair a damaged section of the stack when
        95 words
    • Article
      COMMODITY PRICES
      1400 19 SICOM Futures IMMtar (futures ctosing as at 5.3Sp«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest jd 218.00 214.30 214.00 250 2075 Aug 211.50 211.50 211.00 1400 2725 Sep 202.50 202.50 208.50 ISO 2850 Oct/Dec 204.00 202.50 202.50 675 6225 Jan/Mar 96
      1,400 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        985 20 -4.5 SHARES closed 0.2 per cent lower yesterday during lacklustre trade on a bourse weighed down by weak local bonds and a fall in the price of market leader BHP. "We have got a bit of a weak market on the back of uneventful news from offshore," said a
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      • Article
        Manila
        525 20 -38.48 Share prices fell by 1.3 per cent yesterday, following the lead of regional bourses, dealers said. One dealer said the fall was just a slight correction and followed the lead of Hongkong and T PSE Index lost 38.48 points to close at 2,838.85. Turnover was 1.52 billion shares
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      • Article
        Seoul
        450 20 +0.32 Stock prices edged up a mere 0.03 per cent yesterday after several failed attempts to punch through the 900-point mark, dealers said. "With the Stock Market Stabilisation Fund steadily stepping in, the index made several determined thrusts to overshoot the psychological 900-point barrier, said Cnang Woo Jin with
        450 words
      • Article
        Taipel
        490 20 +3^7 Share prices cksed O.OS per cent higher yesterday amid improved market sentiment, with electricals and plastic and chemical shares enjoying the highest gains, dealers said. "Buying by foreign institutions helped build market confidence," said a dealer. The 321-issue Weighted Price Index rose 3.27 points to finish at 5,681.5.
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      • Article
        New Zealand
        217 20 -7.0 Shares drifted lower yesterday after a directionless day's trade on tow turnover. Brokers and analysts blamed the apathy on an uncertain outlook for short-term interest rates, which remain high and relatively attractive compared to equities. The NZSE-40 Capital Index ended seven points down at 2,111.76. New Zealand
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      • Article
        Bombay
        171 20 -6.18 Shares fluctuated in a narrow band yesterday and brokers said finance shares shone in an otherwise dull session. They said shares of ICICI Ltd, State Bank of India (SB1) and new listings HDFC Bank and Bank of Punjab fluctuated in heavy volume trade. The BSE 30-share Index tost
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    • WORLD STOCK MARKETS
      • Article
        Untitled
        738 20 Britannia Funds Stcrtlag Cash BM CXfcf Mia CapOcpoM MMOO M tWO MMtomd*!. AI»J OlgJ Mia Mas laconic *0.*M0 *0 *700 USS Cask lacomc Plus Fuad 10 )200 *****0 PS S Rocrvc Fuad 5**00 5 5000 -0.4JM 0 4*31 Far EaM Fuad *2 7*50 *2.*7» Maa Portfolio ****** *2 1*50 UK
        738 words
      • Article
        London
        666 20 -9.2 STOCKS fell as a lower opening in New York compounded market woes after Barclays had its earnings estimates cut by Barclays de Zoete Wedd Securities. Markets were little affected after Chancellor of the Exchequer Kenneth Clarke and Bank of England Gvemor Eddie George left K. interest rates unchanged
        666 words
      • Article
        Paris
        139 20 +•.75 French shares ended higher, but off the day's highs, after a trading session marked by speculative activity on re- ports signalling a possible link-up between Groupe Suez and the Pinault empire. Profit-taking on Wall Street weighed on the mar- ket, which is anxiously awaiting today's Bank of France
        139 words
      • Article
        Frankfurt
        154 20 -5.33 German shares ended slightly lower, weighed on by a weak German Bund market. Shares failed to gain momentum in either direction. Some traders said dealings were expected to remain at about current levels in the coming days. The DAX Index closed down 5.33 points at 2,141.07. Frankfurt Jaa
        154 words
      • Article
        Brussels
        158 20 -7.44 Belgian shares closed lower mainly on profit-taking on the penultimate day of the two-week forward market u trading account. The Bel-20 Index shed 7.44 points to 1,443.93 with 1.6 billion francs worth of shares traded. Dealers said profit-tak-ing might further haunt the Bel-20 today but they excluded a
        158 words
      • Article
        Johannesburg
        378 20 South African shares finished another slow day's trade mixed as buying interest continued low but late bullion gains provided supErt. Dealers said the mart was struggling amid fears about local economic and political developments, and was seen seen unlikely to post substantial gains without a favourable shift in fundamentals.
        378 words
      • Article
        Toronto
        227 20 +3.2 Stocks edged higher in moderate early trading with strength in golds offset by a sluggish bond market. The TSE 300 Composite Index rose 3.2 points to 4487.70 on volume of 9.0 million shares valued at Csl2B million. Advancing issues outpaced declines 143 to 129, with 208 issues unchanged.
        227 words
      • Article
        New York
        589 20 •17.98 Stock prices edged lower in quiet early trading as bonds softness amid a continued dearth of fresh news on the economy prompted some profit taking. The Dow Jones Industrial Average, which edged up 8.65 points to a new record high 4,485.20 on Tuesday, was down 17.98 to
        589 words
      • Article
        Milan
        139 20 -74 Italian shares retreated in generally poor volumes and brokers said the market could probably give some further ground today. Montedison was one stock to move against the trend, ending the dav 1.3 per cent higher at 1,160 lire. Brokers said that the improved performance reflected a more optimistic
        139 words
      • Article
        Amsterdam
        259 20 -0.54 Dutch shares closed with small losses as the market tired after its recent rally and the AEX Index stalled tantalisingly close to its all-time highs. The index closed 0.54 point lower at 434.69 with 19 of its 25 constituent shares down on the day. Some dealers expect the
        259 words
      • Article
        Stockholm
        112 20 -3.61 Swedish shares closed lower after a day of slow trade. The OMX Index fell 3.61 points to 1,257.61. Turnover was 1.8 billion crowns. "It was sluggish but I think the banks held up well, despite the rate fall. Interest in the sector is still there," one broker said.
        112 words
    • Article, Illustration
      HONGKONG
      2511 21 Bloomberg Business News HONGKONG Stocks suffered their biggest losses in six weeks, as players bet that prospects for lower interest rates were already fully reflected in share prices. Conglomerates, prop-erty-related stocks and bank issues suffered the biggest losses. Many investors are reluctant to buy more stocks following the recent
      Bloomberg Business News; Source: Bridge Info  -  2,511 words
    • Article, Illustration
      CHINA
      453 21 CLSA IN Hongkong, the H share index finished 2.33 points lower at 1,168.82 on turnover of HKS3B.B million. Luoyang Glass was the biggest loser, down 2.4 per cent. Petrochemical stocks outperformed with Jilin up 1.3 per cent and Yizheng rising 0.9 per cent. Turnover in Shanghai B shares was
      CLSA  -  453 words
    • Article, Illustration
      TOKYO
      2440 21 Bloomberg Business News TOKYO Stocks were mixed as investors questioned the substance of a plan the government may soon announce to help Japan's banks dispose of bad loans. "The market is trapped in a box," said a dealer. "Hopes that stocks are poised to rise are largely being held
      Bloomberg Business News; Source: Bridge Info  -  2,440 words
    • Article, Illustration
      BANGKOK
      1468 21 Bloomberg Business News BANGKOK Stocks rose, led by a late rally in bank and energy issues, as an influx of foreign funds sent the interbank lending rate lower. "The interbank rate went down in the afternoon because of all the foreign money coming in," said an analyst. The SET
      Bloomberg Business News; Source: Bridge Info  -  1,468 words
    • Article, Illustration
      JAKARTA
      1122 21 Reuter JAKARTA Shares closed mixed in moderate trading despite the announcement of lower May inflation figures. "The relatively positive domestic May inflation figures announced today seemed to have failed to boost market sentiment," one broker said. The Composite Index rose a mere 0.83 point to 495.51. Domestic inflation was
      Reuter; Source: Bridge Info  -  1,122 words
    • Article
      CLOB INTERNATIONAL
      2018 22 Gr Gt IMS Vol Day Lad QMk Dh Dh ¥M Nat M C«f H%h Ln -J Sale CMC) H%k Low ftqrtf Seller CV P/E Sad MALAYSIAN STOCKS 1% m MSB 50c 398 -18 Ml 411 J* £2 «8 12V 77.5 m AMDB 50C 95 -2.5 99 97 MS
      2,018 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Shares fall on concern over weakening US economy
        6418 22 Bloomberg Business News KUALA LUMPUR Stocks fell more than 2 per cent amid concern that a weakening US economy could reduce demand for Malaysian exports. 'There is evidence of a much sharper slowdown in the States than everyone was expecting," said an
        Bloomberg Business News; Source: Bridge Info  -  6,418 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7459 23 ifM i mi v«l Day L*at Qnii Dh W» YM Net Cap Atf High Lm C«m Sib (W) High Lao Bay* Sda Cw M 3 Pita MOUSTRML AND COMMERCIAL Ml M2 nl.Acm.SOc 442 cd -4 755 4M 460 00 4*2 215 13 111 6M.5 W aw IM iL, ULU. uv
        7,459 words
      • Article, Illustration
        Prices fall on prospects for slower economic growth
        1821 24  -  By R Sivanithy SINGAPORE Local blue chips and their Malaysian counterparts continued slipping yesterday, a phenomenon probably triggered by increasing nervousness at the heights to which Wall Street has scaled and expectations of slower growth this year, both here and in the
        Charts by Bridge Info; Source: Bloomberg  -  1,821 words
  • Page 13 Advertisements
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      320 13 NEWS VALUE M'slaa economy stiH sizzles with 9.9% IQ growth (pg 1) Bet on continued robust growth, as the overriding factor is the strong mandate the Mahathir government got in the April election. Ccwlita relish prsspict of slower S'port growth (pg 1) Looks like an unexciting year for the stock
      320 words
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      59 14 OFFERMANN MADE IN GERMANY SINCE 1842 I ft -V v ."V 3 fM vr > v Leather Is Our Tradition I Faj Mil I jm ■H I foM W I I I Jmkv* »Vy IJilflEil- I < OFFERMANN 290 Orchard Road, #01-26 Paragon By Sogo, Singapore 0923. Tel: 733 1700.
      59 words
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      196 15 The Urban Redevelopment Authority Is offering 23 unrestorsd conservation shophouse by public auction. Commercial ueee are allowed for thcee shophouses. The other 14 psrcels which sre locstsd at Mohsmed All Lena/Club Street/Gemmill Lane ere o A "iS. /y V,'* -fV I offered for sale by public tender. All the 14
      196 words
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      Page 15 Advertisements Column 2
      254 15 Fine Wine Facts (Shateau/ Ssetnu& The King of Pomerol Chateau Petrus is one of Bordeaux's most celebrated and monumental red wines. The exceptional concentration, bouquet and richness is the signature of Petrus awarding the wine year after year an extravagant reputation. Madame Lacoste and Jean Pierre Moueix, are the proprietors
      254 words
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      1417 16 LIAN HUAT HANG FINANCE LIMITED (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31 ST DECEMBER 1994 I Operating* revenue represents interest income, term charges and ooa iooi processing fees received. Included in operating revenue is an amount Note 1994 of approximatelySNil (1993: $455,000) representing interest on deposits
      1,417 words
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      Page 16 Advertisements Column 2
      205 16 H f f .i J BWKjWW BMr 1 Near Where Businessmen Meet.,. Youll appreciate the Amara's convenience phj guests tan walk to the nearby historic and value in so many ways. Not just because WW area of Tanjong Pagar a showcase of of our downtown location and exclusive AMARA HOTEL
      205 words
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      Page 17 Advertisements Column 1
      328 17 TREAT YOURSELF TO A GIFTS! Thafs right! The proven networking performance of Novell's even better as it gives you more great benefits whenever you buy from Novell Authorised Resellers. First, all Novell Authorised Resellers have Certified Novell Engineers (CNE) who can support and advise you on your specific requirements. Secondly,
      328 words
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      110 18 Profit from MelM's corporate ffadttes and convenient location on Scoffs Road a few Mf>liri stops to ihe MKT and you're in the heart of Singapore's shopping and business areas. \0 mailt Helld HoMes I. Melii at Scotu, 45 Scotu Road, Singapore 0922. Tel: *****85 Pax: *****32 ANDOKCA BRAZIL COLOMBIA COSTA
      110 words
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      484 19 BUSINESS T THE COMPANIES ACT, CAP. St SHAPIRO EXPRESS (S) PTE LTD (la Members' Voluntary Winding Up) At an Extraordinary General Meeting of SHAPIRO (S) PTE LTD duly convened and held at 24 New Industrial Road, #01-04, Pei Fu Building, Singapore 1933, on 31 May 1995 the following special resolution
      484 words
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      Page 19 Advertisements Column 2
      21 19 As and when the latest I mkmf Rotterdam prices are aot araihMe, the previews tradias day's daaiag figares are carried iaatead.
      21 words
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      86 20 Discover the unique charm and beauty of furniture from I y,y i 1 |T I masterpiece with its refined exact, proportions will TT\\ I!m V *W.«BBE=a J I v add a touch of elegance to any room in your home Come npßM|fi see the finest at Singapore's largest rosewood furniture^
      86 words
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      Page 21 Advertisements Column 1
      85 21 0/low passengers travelling to Hong Kong can take |jj£j a load off their packs, For the earliest flight out of Singapore and the last one back from Hong Kong within the same day, fly United Airlines. The airline that lets you make the most of your time in Hong Kong
      85 words
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      39 22 Incredible Public Offer Don't miss the Antique Estate Jewellery Clearance Sale. Catalogue available upon request. MMONDIAL Mondial NgeeAna City, 391 Orchard Road conlacnGwd *01-16 Tower B, Ngee Ann City, Singapore 0923 Ss7fioomK(tndy**af3%GSl) Tel: 734 2034/235 2676. Fax 732 3162.
      39 words
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      279 24 ITHB MATTW OP CMAPTSRdO MB M THR MATTER OP FT! LTD PN W—CTr VOLUNTARY LHlWWfflttm NOTICE IS HEREBY GIVEN THAT th« creditor* of tha flbovHMrad oompany nWcti la being wound up voluntarily, in raqulrad on or bafora Friday, 7 July 10M to aand In thoir nomoo and addroaaoo, wNh particular*
      279 words
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      Page 24 Advertisements Column 2
      308 24 APOLLO ENTERPRISES LIMITED (Incorporated in fha Repubic of Singapore) MOTICE OF CLOSURE OF BOOKS NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be dosed from 23 June 1995 to 27 June 1995 (both dates inclusive) for the preparation of dividend warrants. Duly
      308 words
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      Page 24 Advertisements Column 3
      65 24 T.lo-Gamog Crack Safe^ Test your (kill against our "Super Safe" Computer. Break the 4-digit Code within 10 triea. Or else, you'll be caught ...by our ever vigilant "Tele-Cop". ■Sitae AnffMAaMTaJaHa Financial News ssss~ A Qafcfc Loaft At Tba Martata. Call 24 twun a day for SES ft KLSB midday report*,
      65 words
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      Page 24 Advertisements Column 4
      543 24 businesstmn^es r M THE MATTW <* THE A COaaPANMi ACT. CAP. no Alto couarr ptb ltd M an Exkaudtoary Omrt Meeting at toe Company duly convened and held at 20 Maxwell Road #02-13/14 MaaattantofpwOlll on tha 2nd day ot Juna IMB VwMtowingBpocMßaeoluaon was <My paaaad. RESOLVED fiat toe Company ba
      543 words
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      Page 24 Advertisements Column 5
      82 24 HwCi M ftiTfcaMteaf ftTCB. MTTMMTM TO lit fINCONPOMIED M 9NGAPOK) (members' voujMwirr monguf) MB B HEREBY Mi pwwrttt SKgw3om-Cii>lilllAdlC#.So> MMFMGMOI MMNaftaMMtan «ftlttßDMMd OOMW■■ llMtf i 5001 BMC* Road #07-25 6oMtn MM CM9hß.9wpmom«i«MMdv.iai a 1906 4 11J0 uk. tor In purpoM of nam M tabu iMtfrntao •amvhiaNclitovMnguplwDNn conducM aid N prap«l|r
      82 words
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      Page 24 Advertisements Column 6
      455 24 Unpapora Closing Share Prioas 7/06/1 CLOM MWV LOW MM UM UM UM UN UHr •inan i Mrtim i ».oo t.30 s.m DaJv pjm 11>T1 o.M 0.t7« OJ7 OJI feQQi iMmM I'M LM 1H U1 WWfHW mmmTn ir ~i i-*» ia» ias ias n tini nmr o3is oa* oai «as Published
      455 words
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  • Shipping Times
    • Article
      DAILY FREIGHT
      495 25 Reuter, Knight Ridder LARGER tonnage in the Atlantic for early positions yesterday continued to be picked off at lower rates. But some brokers report an encouraging volume of new enquiry for end June/early July and possible end in sight to the steady decline in the market J Which
      Reuter,; Knight Ridder  -  495 words
    • Article
      Former Thai minister calls for inquiry into TMN-Bara venture
      468 25 BANGKOK Former transport and communications minister Vichit Suraphongchai has called for an investigation of the senior ministry officials responsible for endorsing a joint venture between Thai Maritime Navigation (TMN) and Singapore's Neptune Orient Lines to develop the country's first national fleet,
      468 words
    • Article
      MSE set for bigger challenges
      183 25 MBT KUALA LUMPUR Malaysia Shipyard and Engineering Sdn Bhd (MSE) is marketing its expertise and technology in the construction of sophisticated vessels for foreign clients in a bid to expand its scope. Being the biggest yard in Malaysia with more than 60 vessels to its
      MBT  -  183 words
    • Article
      MARITIME STOCKS
      310 25 5ts Jul 7 s$ Vol CWT Distribution 1.55 -0.04 36 GWT Distribution A 1.51 Chuan Hup Holdings 1.16 -0.01 39 Cosco Investment 1.71 Cosco Investment A 1.65 -0.01 2 Far East Levingston 6.50 -0.10 56 6B Holdings Ltd 0.80 -0.015 5 Hai Sun Hup Group 0.84 +0.01 1641
      310 words
    • Article, Illustration
      Interactive TradeNet system to start on Dec 1
      348 25  -  Marichem Asia '95 By Alec Almazan SINGAPORE The Trade Development Board aims to start its interactive Trade Net system on Dec 1 this year. Announcing the date yesterday at the opening of chemical logistics conference Marichem Asia '95 at Raffles City Convention
      348 words
    • Article
      Growing chemical trade may compromise safety
      334 25 AFP SINGAPORE Safety could be compromised as ships try to cope with surging demand for transport of chemicals within economically booming Asia, an international chemical industry conference was told yesterday. "Safety will be an issue of major proportions with significantly increased manufacturing and chemical
      AFP  -  334 words
    • Article
      Indian govt to look into port privatisation
      190 25 Reuter NEW DELHI The Indian government has formed a committee to examine the privatisation of port services with a view to boosting exports, a trade group said. PHD Chamber of Commerce and Industry (PHDCCI), representing New Delhi and nearby states, said a Surface
      Reuter  -  190 words
    • Article
      Alam to offer shipping courses
      111 25 MBT KUALA LUMPUR The Maritime Institute of Malaysia (Alam) will offer shipping business courses conducted by the London Institute of Chartered Shipbrokers in Malaysia following its appointment as the Tutorship Centre for Malaysia. The Malaysian Training and Education of Seamen (Mates) Foundation, the governing body
      MBT  -  111 words
    • Article
      Oil slick along Singapore coast largely cleared
      370 25  -  By Rahita Elias SINGAPORE An oil slick caused by a collision between a barge and a freighter on Tuesday has been largely cleared. The Port of Singapore Authority (PSA) said yesterday the leakage of light marine fuel oil from the bunker barge Saybolt
      370 words
    • Article
      Philippine inter-island operator Lorenzo Shipping gets nod for IPO
      274 25 SINGAPORE Philippine inter-island operator Lorenzo Shipping has received Securities and Exchange Commission approval for its 600 million peso (5532.2 million) initial public offer. "We expect to launch the IPO around September this year," the company's executive vice-president Jose Goh told Shipping
      274 words
    • Article
      U Ming plans to expand fleet
      235 25 Lloyd's List LONDON Taiwanese bulk carrier operator U Ming is planning a major fleet expansion, according to its new chairman. Douglas Tong Hsu says the shipping company will grow in the next few years to around 30 vessels from its current 19 ships. Mr
      Lloyd's List  -  235 words
    • Article, Illustration
      US$ slide sinking the bottom line
      836 26  -  Carriers are trying to quote in currencies other than the dollar but the problem becomes complex in conferences covering broader geographical ranges, as Elizabeth Canna reports Elizabeth Canna Lloyd's List TIRED of being being hammered by currency-exchange losses, ocean carriers are trying to get
      Lloyd's List  -  836 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      324 26 Pate •ANL 3 Able 7 Accord 10 •Ahlen 6 •Ahrenkiei 4 •Appenship 4 Astro 10 Austral II Avant 6 BSA II Batamindo 7 •CCNI 4 •CMA II •COSCO 7 •CSAV 3 Centenary 7 Central Ex 11 Chahaya 4 •Cho Yang 5 Contipac 10
      324 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10370 32 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page number refers to the location of the schedule advertisement. ETA ETA Um tonal Vara* P| E MB Nam —aa
      10,370 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        621 37 Z *1 Bar* Arrtnl Oeparftre AndMa MadOcra J16/17 atongs* 08.06/2100 B*am Batata 06/01/% J1 atongs* 08.06/2300 Buana Mali 10/% J2 alongs* 08.06/2300 'Dw Gtma *****5 121 atongs* 0806/2300 Frants Boost) 0202 J19 alongside 08.06/0600 J,Hj« ttefto 090/95 120 atone* 08.06/0500 a.fcan Tamban 146 16 atones* 0806/1200 ■•Hondo
        621 words
      • Article
        CONTAINER SCHEDULES
        1545 37 RECEIVING OF EXPORT FCL CONTAINERS AND La CAR60 Rtctrd 1Mb Stop ¥ty W» ttt/Wr fwiud Fwi T« fiw Aa Dacy 066A 10/1500 IB 07/1500 07/1659 07/1900 28 07/1700 08/0659 08/0900 4 08/1200 08/1459 08/1700 taHade 241B 09/1100 W 07/1500 07/1659 07/1900 2A 07/1700 08/0659 08/0900 4 08/1200 08/1459
        1,545 words
      • Article
        COCKETT BUNKER MARKET REPORT
        819 37 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        819 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Tests reveal fault in GE engines for Boeing 777
        515 38 NYT NEW YORK The General Electric engines being built for British Airways' Boeing 777 aircraft have run into difficulties which were revealed when bird carcasses were fired into them during testing GE said on Tuesday that firing the bird carcasses, which
        NYT  -  515 words
      • Article, Illustration
        It's a boat, say Aussie aviation officials
        112 38 AFP MELBOURNE Gordon HoUoway, an industrial designer with the Rada Corp, posing with a model of an ACV (air cushion vehicle) which has been classified by Australian aviation officials as a boat, in Melbourne on Tuesday. The ACV takes off like a plane,
        AFP  -  112 words
      • Article
        KLM expected to have quadrupled net earnings in fiscal 1995
        289 38 Bloomberg Business News AMSTELVEEN, Netherlands KLM Royal Dutch Airlines NV's net profit is expected to have quadrupled in the year to March 31, propelled by increased traffic and continued cost-cutting. Analysts forecast net earnings ranging from 445 million guilders (*****.8
        Bloomberg Business News  -  289 words
      • Article
        McDonnell upbeat on airline industry
        211 38 Reuter LONG BEACH, California McDonnell Douglas Corp said the airline industry is headed for a bright future with an expected 13,300 new jetliners Valued at roughly US$l.O trillion (551.39 trillion) needed to the year 2013. The airline industry "after experiencing the worst downturn in the
        Reuter  -  211 words
      • Article
        Hughes in tentative Canadian air traffic deal
        171 38 Reuter OTTAWA The Canadian government and Hughes Aircraft of Canada Ltd have struck a tentative deal to complete a troubled project to modernise Canada's air traffic control network, a government spokesman said. "Yes, we have a deal, an agreement in principle," said 'Transport
        Reuter  -  171 words
      • Article
        PAL seeking to finance plane order, maturing bonds
        238 38 AFP MANILA Loss-making Philippine Airlines Inc (PAL) is struggling to secure financing to rescue plans to purchase a new jet and to re-finance maturing bonds amid an ownership dispute, industry sources said on Tuesday. The national flag carrier resolved at a board
        AFP  -  238 words
      • Article
        Saudis finalising financing terms for US$6b jet order
        403 38 Reuter DUBAI Saudi Arabia appears close to finalising financing terms for a US$6 billion (SSB.3 billion) commercial aircraft deal, analysts say. "The Saudia deal is on the verge of finalisation," said one analyst on Tuesday. "It is imminent as talks with Ex-Im
        Reuter  -  403 words
      • Article
        Eurocopter to buy Philippine firm
        83 38 AFP MANILA Europe's Eurocopter Group is set to acquire a controlling share in state-owned Philippine Helicopter Services Inc (PHSI) as part of plans to move its maintenance operations from Singapore to Manila, the Transportation Department said yesterday. Eurocopter subsidiary MBB-Germany, which controls an 11 per
        AFP  -  83 words
      • Article
        Bombardier wins US$316m order
        61 38 Bloomberg Business News NEW BRUNSWICK, Canada Bombardier Inc, a Canadian maker of jets and vehicles, has received orders for 12 Dash-8 regional passenger planes worth US$3l6 million (*****.2 million) from Taiwan-based Great China Airlines, the semi-official Central News Agency reported yesterday. Great China chairman S Tang
        Bloomberg Business News  -  61 words
      • Article
        Cathay likely to cancel some services
        83 38 Reuter DUBAI Cathay Pacific Airways said it expected about seven or eight of its freighter services between the Far East, Dubai and Europe to be cancelled this month due to a seasonal slow-down in demand. "In the month of June we are expecting about
        Reuter  -  83 words
      • Article
        Morrison in rail deal default
        65 38 Reuter SACRAMENTO, California Morrison-Knudsen Corp's rail car manufacturing unit has defaulted on a US$2l5 million (*****.1 million) contract to build passenger rail cars for California, the state's Department of Transportation said. CalTrans director James van Loben Sels said he took action to protect taxpayers ip
        Reuter  -  65 words
      • Article
        Emirates flies to South Africa
        52 38 AFP DUBAI Emirates airline has started flying twice-weekly flights to South Africa via the Comoros Islands, a company spokeswoman said. An Emirates Airbus A3lO-300 took off* on Saturday for Johannesburg from Dubai international airport in the United Arab Emirates and will make the same flight
        AFP  -  52 words
      • Article
        Airlines' 1994 operating revenues rose 10%
        252 38 Reuter MONTREAL Operating revenues for the world's scheduled airlines rose 10 per cent in 1994, faster than the 7.0 per cent increase in operating expenses, said the International Civil Aviation Organisation (ICAO). Operating revenues for scheduled airlines for ICAO's Contracting States (excluding operations within
        Reuter  -  252 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1406 38 AIRCRAFT ARRIVALS DEPARTURES ag mm n» nm n» Ma BtoM GA965 1106 GF147 1850 GF146 1145 SQ441 1505 GA883 1520 omn isa» MM QF8I 1930 QF82 2065 SQ226 2066 toiliriw SQ25 0660 KLB38 2300 KL837 1460 SQ26 2356 ***** 1536 —mm SQ347 0666 ImdHm* SQ286 2040 SQ288 2045 ■rirrii Gfi48
        1,406 words
  • Page 25 Advertisements
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      15 25 VISA FREIGHT SERVICES PTE LTD 1 lib/ THE TOTAL TRANSPORTATION PEOPLE M 800-225 6966 I
      15 words
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      Page 25 Advertisements Column 2
      145 25 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis set Pa 3 for schedule US$ slide sinking the bottom line: Page 2 Tests reveal fault in GE engines for Boeing 777: Back Page F ROYAL RUST KOTE BALLAST VOID COATING Xfl EASY KOTE POTABLE WATER COATING 1 TYPE APPROVALS: DNV,
      145 words
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      Page 26 Advertisements Column 1
      932 26 I NORTH AMtmCA I ray—< 1 flgfcaMT Of MIM«. M—CA **M 0« I m |i> a* i ml wuron| o« Ivr TSSE i«, m lHmln«fTZftJ mjm| MBemml n uumttw umbo wmh/wt■> lmimbm owtu» ww» battu iwh Z— sfe Slarsi -ST—¥s St u u u-frT M tutu a* iu uj UU—trttMUt
      932 words
    • Advertisement
      Page 26 Advertisements Column 2
      194 26 Lints and services represented by Members of the Registry ol Accredited (?H©JJ)| Shipping Agents, Singapore National Shipping Aaaociation. y—ty For enqww, contact Shfcw* Times. Td 740-2089 PORT p]|. SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday BQsinesSQiqg CBTTAURUS M RdrrVAIwAJK/Nml* ABEL M AMMmUMMH I
      194 words
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      Page 27 Advertisements Column 1
      808 27 tTTTv FOONG SUN I SHIPPING (PTE) LTD WHOLESALE CEKTRE, BLOCK 1,103-10 BMQAPORE 0611 I TIL: *****88 (12 LINKS) FAX: *****18/*****28 TLXi *****20/***** F—HIP vnsa VOY ETA ETD DESTINATION SUN RAY 10/95 IS/I 17* PLAJU^ALEMBANG NEEOIAKI B*6 15* 17* PONTIANAK/SINTETE WANUAKU VK 12* 14* BINGKULU/PADANG GULF KHAUO 1(V96 11* 12/8 JAKARTA/PAOANG
      808 words
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      Page 27 Advertisements Column 2
      981 27 yea vor mm/it m o* qb imju «u nyc i WMIY WMNMBPW 84A li/U /H/% WV 04/17 K/V *1* «g "g Iff WBEBSi nmmm Sg «anM«r-«» HA 2VH/38/84 U/W I|Z5 n/V 9/E g "g *g gg MiiowiTiiMrii *a h/vmm n/v »/w n/v \vm \vn\ oi/j» mmi —UZsloizb—aoz—tizai——«g 1 S3 ff/5
      981 words
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      Page 27 Advertisements Column 3
      743 27 HANJIN SHIPPING BOOKMQS TEL: *****36-237 OPERATION TEL: *****41-253 SALES TEL: *****30-233 DOCUMENT TEL: *****71-276 m "»nmjl sea rm m mm ran lmmaul w u m KMjwauAKratwi m otwcr m jm vt mbkshomzdnmm m tMuoa www SJSESfSE&SSS! 1 1M 3 tCT vt in tn wuum chummu izzt tw h khljngxm 2*7
      743 words
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      Page 28 Advertisements Column 1
      701 28 I«a m m rmm UM stw tmm w m 81 m MHWBWBS n/« 'A _M_ W _jg_ -?gL- JMLg »I <LSO ro ustmutSU MQMStt VOTUM ggs- Saaa aaac. HSa WT iw OKW HSJMWB BMM» WW* gtfM W fwr°— M m ua 155 gg g£ HI as. 1I a 11 5I
      701 words
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      Page 28 Advertisements Column 2
      764 28 I NORASIA ■MMimj mm am am tvn mm mm mm mot mm mm mm JlpmoiSjw mm mm mm nm mm mm mm mm nm nm w Siwuf mw tm mm mm mm mm nm nm mm nm nm mm Lmmmmmv nm nm nm am am nm nm zyn nm nm
      764 words
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      Page 28 Advertisements Column 3
      475 28 JAPAN/MO*OK OHO/STRAITS RSOULAR SERVICE LOADING FOR PORT KLANQ/PENANO "wi vor rmi p.mmm rwk —175 d- -ir-§a —ig wrr-~ MWT 11 MPT WJW n JIM CMMMMN MPT MJMM oueaww MPT HJW TOIBO 71 M JUW HAM ■RMMITMA 1 11JWI U JUW JMWTBI t 11 JWI IIJMH EATBMNBIO M MJW 17 JWI
      475 words
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      Page 29 Advertisements Column 1
      978 29 H STRAITS SHIPPING PTE LTD 19 Mm CblMf Roof #11-91 Koppol Tovora HmUft 02W TH: 22WW lIMMH «SSSM!IAS NAM MJM w" l "—■wTorana JMMH W6IM Mmm, L* M *****JM "J* mtBWCE MOM iMnsvemm mmm.9m.im u-mjm 17*b i«am rinOTnM IRNI9NWC MMIMIAR 16-17 A* 14 Jm It*. OMTUm *M hSRES* JWUM «MKiM,IAn
      978 words
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      Page 29 Advertisements Column 2
      1514 29 WBMfc PMMCoSiien (Slnfapore Agenda) Pte Ltd 1 Hist Class Connections WORLDWIDE noop »27ah2 7517 I UNOOt UAfftSK |Jj** 10** 17AM 28** mm? J*"* 'mm LONDON MAOIBK 9607 14AM IMB 17/08 71 /08 3« io!w iaSS 13/06 »S MMB 12/06 01/07 v m cmpowsay m mi- im wh 2MB 2sS 15s
      1,514 words
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      Page 29 Advertisements Column 3
      142 29 11 MM Ml at MW IMMI MM ttM I »-«M HIM IMMIMMIHM I MM am JHL MMMMimMra IMM IIMM 1 tVM I a-MM PM |MM| MM M*7 JML 7 l*** 11lammn -I- I 1 bm 1- 1 i— I h-mm| —i I j|MHMM«MMW4 IHM I tVM IMM I I »7M
      142 words
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      Page 30 Advertisements Column 1
      823 30 ISS333H HESES3BI I ■If nan mm MA w UW UH LIN NRHW nnkmniwl 11 f ACMfIWM MMII S S W 7 W LMUXNNM47 IM IM MM 17/1 12* I I 1 t HATER MJM 17/f 7/1 Iff 11/7 %fl 11/7 I. MOC H*IM W 1M I ■[[as®? J_ s LSSSS
      823 words
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      Page 30 Advertisements Column 2
      546 30 Kaja' r 'wnr 55 out mu «•< «wr im Huacflmn mn-mm mm rm am tm am am am M SSS2SS SmSjw wm am mm vm am am am MM MM MB Mflf MM ISoSST 8825 MM M«7 w W IM7 11*7 MM B*L«otfcyTW6Fan»»M».«Miwi wn mimhmumwit>.—■ui»mimmm iwmmmmmm w—cm J W-NM JMI
      546 words
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      Page 30 Advertisements Column 3
      496 30 m m,!>■!iimmaobncmi hwiltp |Vl TEL: *****33 (12 UNES) CL FAX; *****15/*****03 I TELEX: RS ***** RHMP (3 Lima) 4 CM NO; **********06 ACCEPTING FCL AND CONVENTIONAL S3 Voy KTA llDi<wtpr Ipora I —I" fMynJ AfaboyWowx 44W8 12/07 Abyot 41*6 18/08 H HUNG LIME U tmmmmmmmmmmmmmmmammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 6 FULLY CONTAINERISED REGULAR LINER
      496 words
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      Page 31 Advertisements Column 1
      1902 31 hMHsIXPMSK TO msmmrnnmm mwmnm COSTA PTE LTD gjSga># y** M* M. CMI JOHOM OfflCl: Fu: ttlSfll fix TttllM vm '*T HO: m-mmmx cotrM auhcih IKI tmmm. r»/. n-MMIMfIV fu: 17M1171 IkliMCiMl From. U.S.A. East Com) w m<u bt WMW MP lire ML CMS FENhMMM*" Stt VSO6 ?06 WOB EJmRIIMXMK 15*6
      1,902 words
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      Page 31 Advertisements Column 2
      644 31 (ft FAMOUS CONTAINER UNES l 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 > HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 12/06 ROTTERDAM 12/06 AARHUS/COPENHAGEN 12/06 HAMBURG/BREMEN 09/06 MARSEILLE/FRANCE 13/06 FELIXSTOWE/UK 12/06 BARCELONA/SPAIN 09/06 LEHAVRE/FRANCE 09/06 GENOA/ITALY 10/06 ANTWERP/BELGIUM 09/06 LOSANRFIFS/WC/IPI 09/06 SYDNEY/MELBOURNE 10/06 NEW YORK/EC 09/06 FREMANTLE/ADELAIDE 09/06 VANCOUVER 09/06 BRISBANE 10/06
      644 words
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      Page 34 Advertisements Column 1
      938 34 I i|Qi9hSl^S!!s3^H^sl vsml vov sm jkt [vessel voy sm VIRA BHUM 1348 Sun 11* I 14AI 1 BUNOASMIOJA SOSS Sub I 11/S I IS* M Mgga i w I T —*P— f «°ggg gg=- yi? Us>« m—^■ s £--J= r 4zJ- 'www aa—«w n* 5 m ja^g^r—jy !T -Hi HATHA
      938 words
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      Page 34 Advertisements Column 2
      629 34 71 ANSON ROAD. 221-01. SINGAPORE 0207 TIL; *****02 FAX: *****67 CR *****W0000N PORT KLANQ PENANO »a»a imr m mm I m m S SEAIAKB. 3XW OWBTMU OM6FRI LHOTSE 5083 0746WE0 WW EAGLE BREEZE 207 A OM6THU WW SAT XDURJAYA IfPI QaOßffll IVHBW FARO ***** OOMffll 1146 SUN LHOTSE 5034 IMB
      629 words
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      Page 35 Advertisements Column 1
      534 35 i a. M MYANMA FIVE STAR LINE (Myanmsr National Liaa) w Loading for Yangon (Rangoon) S 'pan PUf KM P.M« RAWLAMYMO VBM SLO PAGAN V22BW SLO MYOMAYWA VISaW 1606 MALAYSIA AGENTS: BOUSTEAO SMPFHM AOEMOES UL TtL 12-43-***** M PKL TO M-S3-37M151 PBt TO. 12-M-M***** POO; TO tt-67-*****21/4 NIGERIAN NATIONAL SHIPPING
      534 words
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      Page 35 Advertisements Column 2
      818 35 ADVANCE CONTAINER LINES (PTE) LTD 1 A 140 Caoa StrMt, #12-00, PW. BuBdN»B, Singapore 0100 =Z AA t I TEL; *****21, FAX: *****10, TELEX :R8 ***** AO-PL CR MO. **********0E RIIMRRM r— JAKABTA ygf m im M VMM VOT M *J MTMiiiniinm jm> ««AK»w m w I? HIfBWIWAa MM l<P
      818 words
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      Page 35 Advertisements Column 3
      770 35 **********7 VEWELS W aw IENZWg HAMBURG TItAMBO ROTTBRCAM ANDDDy WXE DE SAQfTTA SOBW 1206 0307 08X07 07/07 06/W 0807 VBXED'AQUEA AOBW 19X06 1007 tW 1407 WOT 10X07 vu-EimvDWA ho tut tin war 20x07 2207 23x07 mot j~villE DC LYRA YWW _04J07_ 23/07 27/07 WOI »W S/07 also accepting carqo to
      770 words
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      Page 36 Advertisements Column 1
      625 36 ■kJH Q ■kJH Hairatan, Torghundi, IsJamqala (Doqharun) .Ewe Or Ewe c.i.sjrussia: Alma Ata. Ashkhabad, Baku, Dushanbe, I u Irkutsk, Khabarovsk. Krasnoyarsk, Korsakov, Moscow, MNftZSr a MUnCn Novosibirsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny Eiiunational Forwarders Mongolia: utaan Bator W Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE T0 WEBT coast SOUTH AMERICA also
      625 words
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      Page 36 Advertisements Column 2
      326 36 I ASIA HKG/TWN/BKK GENOA/EUROPE I N 1 E 'i*" 18 miii.T-iii rr I-I- m m u» 9/6 10/6 11/6 w«jJ. M# v wvo """'vwu «w 13/5 14/6 15/6 HKG/BKK/KE&KHH 06 11/6 as 1"* 1M W» HKG/BKKAEEyXHH jfllXlffßhffi.. 2? M RECEIVING TPI iPi/KflDEiiuifil """H 9/6 10/5 11/6 SHANGHAI/DALIAN JrWIU—IVM—JI XIAMEH/BEUING Manlla/Cabu
      326 words
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      Page 36 Advertisements Column 3
      197 36 I coscol eeaenwtiflfliiT*—-cgim/THI EXPORT TOc CMMA/HONO KONQ ■JWOW/COWnWBWTAL NMMUA IM WOT/lAST COAffT NMMN OULF/KAMACMI Plqmi rtfir tbovt mmßomd loortc— to CNm Octtn Shipping Co. VESSEL SOP* PEN. PKL. HKO SHA QM TUOHE/0186 IVDB IM* 1&« 2W» 2M» 02AJ7 SPLENOOR RIVER /0021 2«f« 27/06 2M» (MOT 08/07 12/07 HUA SHUN HE
      197 words
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      Page 36 Advertisements Column 4
      316 36 IfIHHH STRAITS/JAP AN/STRAITS SSIVICE MULTI-PURPOSE ROflO CARWER SPECIALIZES! HEAVY UFTCAROOUPTO 120 TONS RAMP CAPACITY UPTO 90 TONS |m Ira I IOMMfM JfflL «_fl ouiMtanr a it/t nt coyKiuaa si 11/4 u/4 nHMii/t MM 4 11/4 14/4 OMM MM 44 11/4 OTTMOM 17/ i YMMM M/ 4 ■BOW 41 14/4 IS/4
      316 words
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  • Page 37 Miscellaneous
    • Miscellaneous
      Page 37 Miscellaneous Column 1
      126 37 REGIONAL WEATHER Sn>SSs s^^ LC6CND: R Thunderstorm C j^L< <*~ <l~ 3.J...1J Weather _X Wind diction with ip«td n knots VSL,*, Wo^h^ Sorfaee wteii ere iedfcoted by arrows fly with tbe wied One ful cirde represents cabn or Ight and variable wtr»ds Ow half fleche represents 5 knot* 5 L_»
      126 words
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