The Business Times, 13 June 1995

Microfilm: NL19993
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESS TIMES WE KNOW AStfZ MITA(P) 194/12/94 Tuesday June 13 1995 8#
    12 words
  • Article
    Lock icon Dow Jones rebounds 45 points
    105 1 Reuter NEW YORK Wall Street stocks rose sharply yesterday, bouncing back from heavy losses last week, on bargainhunting and IBM's weekend deal to acquire software firm Lotus Development Corp. The Dow Jones Industrial Average jumped 45.65 points to 4,453.38 just after Ipm EDT. In the
    Reuter  -  105 words
  • Article
    Untitled
    155 1 Stock Market Micos Monday Change ST1I 2,140.72 -19.72 KLSEComp 1,042.68 -11.68 Nikkei 14,813.46 -230.72 Hangfeng 9,121.45 -146.17 SCTliifcx 1,375.02 -19.48 Jakarta Comp 487.31 -4.44 Manila Comp .closed Taipei WPI 5,620.94 -20.25 Seoul Comp 884.40 -1.91 Bombay B?E30 .3,318.54 -19.17 CLSA China B 791.98 -5.55 Aust All Ord .closed FTSE 100
    155 words
  • Article
    KLSE to allow listing of investment funds soon
    484 1  -  Direct listing of infrastructure projects also on the cards Reports from Ho Kay Tat in KUALA LUMPUR THE Kuala Lumpur Stock Exchange will soon see trading in investment funds and may also permit direct listing of infrastructure projects, Deputy Finance Minister Wong
    484 words
  • Article
    Minister hints at use of EPF for share investments
    351 1 KUALA LUMPUR Malaysia may give local capital markets a boost by allowing workers to draw on their compulsory savings for investments. Deputy Finance Minister Wong See Fah hinted at the move yesterday in a speech at a national capital market conference.
    351 words
  • Article, Illustration
    Lock icon Tokyo urged to bail out banks as market plunges again
    472 1  -  From Anthony Rowley in TOKYO THE Tokyo stock market continued its remorseless plunge yesterday, prompting expressions of official alarm and calls from one party in the ruling coalition for the government to issue special bonds for financing what amounts to
    Source: Bridge Info  -  472 words
  • Article
    Regional markets turn nervous
    283 1  -  By Quak Hiang Whai SINGAPORE Regional stock markets were unhinged yesterday by the Dow Jones' sharp drop last Friday and the Nikkei's continued plunge. After the US market's 34.58-point drop to 4,423.99 on the Dow last Friday, fund managers and institutional investors held back further action
    283 words
  • Article, Illustration
    Indonesia extends Batam land leases to 80 years
    555 1  -  By Jenny Lam SINGAPORE Indonesia has extended land leases on Batam and a group of neighbouring islands from 30 years to 80 years to attract more foreign investment. The extension comes under a resolution signed by Research and Technology Minister BJ Habibie,
    555 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Newspapers still the biggest draw
        291 2  -  By Ven Sreenivasan ADVERTISING spending grew 11.7 per cent in the first quarter of this year to $222.8 million, with newspapers retaining the lion's share of 50.4 per cent. But the first-quarter growth rate was lower than the 20.7 per cent rise in the same
        Source: SRS  -  291 words
    • Article
      Chee Hean for Asean pollution meet
      58 2 ACTING Environment Minister Teo Chee Hean will attend the Asean Ministerial Meeting on Transboundary Pollution on Saturday in Kuala Lumpur. The meeting will serve as a forum for Asean ministers and senior officials to exchange experiences in handling transboundary haze. It will also develop
      58 words
    • Article
      NTU to send mission to Myanmar
      65 2 THE Nanyang Technological University (NTU) will send a 66-member MBA Business Study Mission to Myanmar for a 10-day visit starting from tomorrow. The team, comprising several senior executives and professionals from various multinational companies and government bodies, will be led by NTU president Cham
      65 words
    • Article
      NTUC to launch recruitment drive
      29 2 THE National Trades Union Congress (NTUC) will launch a membership recruitment drive on June 25 in conjunction with NTUC Membership Day celebrations that Sunday.
      29 words
    • Article
      Automatic shift of uninvested CPF funds
      73 2 CPF monies exceeding $1,000 left uninvested in CPF members' investment accounts will be automatically transferred back to their CPF ordinary accounts at the end of every quarter. The CPF announced yester- day that the first transfer will take place at end-June. CPF members who
      73 words
    • Article, Illustration
      Lock icon SM, BG Lee give evidence as hearing begins
      731 2  -  The IHT defamation suit By Ramesh Divyanathan SENIOR Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong gave evidence in the High Court yesterday in a defamation suit against the International Herald Tribune (IHT). Together with Prime Minister Goh Chok
      Reuter  -  731 words
    • Article
      Asean, Apec must do more to capitalise on good start: BG Lee
      473 2  -  By Chuang Peck Ming ASEAN and Apec must do more to press on with the good starts they have made to realise economic cooperation, Deputy Prime Minister Lee Hsien Loong said yesterday. Asean would have to extend its
      473 words
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      146 2 HIGH SPEED HUMAN If 11/ If RESOURa SOFTWARE. Easy Staff 2 is a comprehensive software, wilh over 700 users in Singapore. To discover Hs outstanding qualities, coH 278 0097. i STntthm 1 rp I nEPRPRRw k£i fVe k at r V* Hi Mf l Fly Aeroflot to Russia the land
      146 words
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      Page 2 Advertisements Column 2
      396 2 Singapore Technologies Industrial SINGAPORE TECHNOLOGIES INDUSTRIAL CORPORATION LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at the Theatrette of ST Electronic Engineering Limited at 24 Ang Mo Kto Street 65, 6th
      396 words
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  • SOUTH-EAST ASIA
    • Article
      Machine imports may push Vietnam's trade deficit to US$1.2b
      335 3  -  From Harish Mehta in HANOI THE Vietnamese government is projecting a trade deficit of US$l.2 billion (SSI.7 biUion) this year on account of higher imports of machinery and equipment by foreign investors. A Ministry of Commerce official said exports were forecast
      335 words
    • Article
      Lock icon Vietnam moves to upgrade crumbling infrastructure
      341 3 Reuter HANOI Vietnam said yesterday it had appointed two US firms to supervise urgent upgrading of its main northsouth highway, and announced it would call for tenders for a big power plant. The moves indicated the government was getting to grips with the upgrading
      Reuter  -  341 words
    • Article, Illustration
      Lock icon Marching towards better Dutch-Viet ties
      57 3 AFP HANOI Dutch Prime Minister Wim Kok (right) and his Vietnamese counterpart Vo Van Kiet reviewing an honour guard during a welcoming ceremony yesterday in front of the Presidential Palace. Mr Wim Kok, who is leading a business delegation, is on a three-day official visit
      AFP  -  57 words
    • Article
      Lock icon Tariff cuts spur growth in Thai exports
      165 3 Bernama BANGKOK Tariff reductions helped increase the value of Thailand's exports by 70 per cent and imports by 40 per cent in the first quarter of this year, compared with the same period last year. Thai Commerce Ministry statistics released yesterday showed that
      Bernama  -  165 words
    • Article
      Lock icon Indon central bank warns of overheating
      155 3 Reuter JAKARTA Indonesia's central bank governor warned of the economy overheating, with the imbalance between supply and demand causing instability. Bank Indonesia's Sudradjad Djiwandono said in a meeting on Saturday that overheating was indicated by inflation, which hit 5.22 per cent in the first
      Reuter  -  155 words
    • Article
      Lock icon Manila panel meets maids in Kuwait
      140 3 Reuter KUWAIT Philippine officials visiting Kuwait to probe the status of Filipina workers here yesterday met 20 maids awaiting deportation and talked to police investigating disputes between maids and employers, the English-language Arab Times newspaper said yesterday. The panel, lead by former Supreme Court
      Reuter  -  140 words
    • Article
      Lock icon Vietnam increases labour exports
      117 3 AFP HANOI Vietnam is sending more of its workers abroad, especially to other Asian countries and the Middle East, according to official figures released yesterday. A total of 14,000 Vietnamese workers have been sent abroad to work over the past three years, according to figures supplied
      AFP  -  117 words
    • Article
      Lock icon Timber industry needs funds: Mahathir
      105 3 Bernama SIBU Prime Minister Mahathir Mohamad said yesterday the federal government was supportive of the Sarawak government's decision to award timber concessions to big industrialists. He said the big players would be able to accumulate the necessary capital to go further downstream in the industry,
      Bernama  -  105 words
    • Article
      Lock icon Economists divided over Thai inflation
      96 3 Reuter BANGKOK Economists and analysts are divided over whether inflation in Thailand has reached a worrisome level as the latest Commerce Ministry figures showed last month's consumer prices rose 5.4 per cent year on year. Rising food price inflation, indicated in the latest ministry report
      Reuter  -  96 words
    • Article
      Lock icon Indonesian church incident sparks riot
      126 3 UPI JAKARTA Dozens of angry protesters burned businesses and rioted in the streets of an eastern Indonesian town after a man interrupted a Sunday religious service, police and witnesses said yesterday. Residents of Larantuka, on the Indonesian island of Flo res, said the town was
      UPI  -  126 words
  • Page 3 Advertisements
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      134 3 iik 1 BBH mThe 911 Carrera 4 includes significant new technological situations. A new generation ABS 5 braking system adds more Stuttgart Auto Pte Ltd developments. Combining the agility of the Carrera with the merits safety. The new 4-wheel drive system improves manoeuvrability 23 Leng Kee Road, Singapore 0315. of
      134 words
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  • CHINA /HONGKONG /TAIWAN
    • Article
      Lock icon Foreign investments in Taiwan surge 82% to US$833m
      413 4 AFP Reuter TAIPEI Foreign investment in Taiwan soared 82 per cent in the five months to May compared with the same period last year, with the government approving 151 projects worth a total of U*****.9 million (SS 1.15 billion), the Investment Commission
      AFP; Reuter  -  413 words
    • Article, Illustration
      Lock icon Fun on the Bund
      27 4 AFP SHANGHAI Local residents taking part in a body building contest on Shanghai's Bund on Sunday. Twenty-four families participated in the event. AFP
      AFP  -  27 words
    • Article
      Lock icon Taipei-Beijing ties seem to be unaffected by Lee's US visit
      336 4 AFP TAIPEI A Chinese delegation arrived in Taipei yesterday indicating that President Lee Teng-hui's controversial visit to the United States has not seriously damaged Taiwan's tics with the mainland. The Chinese delegation of law officials arrived for a oneweek visit
      AFP  -  336 words
    • Article
      Lock icon Wharf Cable outages under probe, says Hongkong Telecom
      193 4 Reuter HONGKONG Hongkong Telecommunications Ltd said yesterday it was investigating two system failures that took television operator Wharf Cable off the air twice in the last few days. Wharf Cable Ltd, a unit of the Wharf (Holdings) Ltd, is Hongkong's exclusive pay
      Reuter  -  193 words
    • Article
      Lock icon Outspoken Jimmy Lai plans new daily with independent pricing
      344 4 Bloomberg Business News HONGKONG Jimmy Lai, the magazine publisher known for his outspoken criticism of China's leaders, plans to launch a daily newspaper on June 20 and sell shares on the Hongkong Stock Exchange this year. Mr Lai said he invested
      Bloomberg Business News  -  344 words
    • Article
      Lock icon Tianjin opens school to train officials in copyright law
      155 4 Reuter BEUING China's northern port city of Tianjin, once a hotbed of intellectual piracy, has opened a school to teach officials, lawyers, judges and executives the finer points of copyright law. The school, believed to be China's first, was opened in
      Reuter  -  155 words
    • Article
      Deng's teachings to take back seat to Jiang's edicts
      413 5 HONGKONG The teachings of Deng Xiaoping are to be revised, allowing those of his anointed successor, President Jiang Zemin, to come to the fore, a Hongkong daily reported yesterday. The South China Morning Post quoted sources in Beijing as saying that
      413 words
    • Article
      Lock icon Beijing shock for HK, Taiwan students
      59 5 Reuter BEIJING Beijing has sent shock waves through the Chinese capital's expatriate community, telling Hongkong and Taiwan pupils they are Chinese and must switch to local schools from foreign academies. The city education department yesterday ordered Hongkong and Taiwan children attending classes at the
      Reuter  -  59 words
    • Article
      Lock icon Satellite blast probe results out soon
      103 5 AFP BEIJING China will announce this month the results of an enquiry into an explosion in January that destroyed a US-made satellite and its Chinese launcher, the head of the China Aerospace Corporation (CASQ said yesterday. Liu Jiyuan told AFP that the CASC and
      AFP  -  103 words
    • Article
      Lock icon HK broadcasters warned over breaches
      101 5 AFP HONGKONG Four Hongkong radio and television broadcasting networks have received warnings from the Broadcasting Authority for breaching the code of practice on programme standards. One breach resulted in a "serious warning" to Metro Broadcast for featuring drug-taking as acceptable conduct in a radio talk
      AFP  -  101 words
    • Article
      Lock icon Party official killed during corruption investigation
      271 5 UPI BEIJING A communist party official investigating corruption in a township enterprise was shot dead by an accountant suspected of embezzlement. Xie Qiguang, deputy party secretary of Dongjing village near the central city of Changsha, died from gunshot wounds on June 5, the Beijing
      UPI  -  271 words
    • Article, Illustration
      Lock icon Together for the last time after 141 years
      44 5 Reuter HONGKONG Part of over 600 volunteer members of the Royal Hongkong Regiment gathering in the British enclave's New Territories on Sunday, in their last military exercise before being disbanded after 141 years of service. Renter
      Reuter  -  44 words
    • Article
      Lock icon Beijing to clamp down on economic zones
      143 5 AFP BEUING The Chinese government is to end the madcap creation of new economic development zones that has resulted in several thousand unapproved zones being set up in recent years, the China Daily reported yesterday. Under new Construction Ministry regulations that will be
      AFP  -  143 words
    • Article
      Lock icon China to save relics in advance of Three Gorges Dam project
      384 5 UPI BEIJING Under pressure from archeologists fearing a watery grave for valuable relics, China announced yesterday a massive "protection operation" to save historical sites before the Three Gorges Dam submerges them. A two-year study found 1,208 historical sites in
      UPI  -  384 words
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      128 4 Room Temperature I s-a-t*. Sandwiches I "My mood was as black as my double espresso. But then in came that Texas Ranger to The Mezzanine,- a hunk of homebaked beer bread drizzled in Southern-style chilli butter, reclining on a bed of dew-fresh romaine lettuce an s ice os er pickle.
      128 words
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      Page 4 Advertisements Column 2
      64 4 PROPERTY"' INFORMATION ONLINE 14 July 1995 •Morrioi Sngopofi AH BONG ONHW SEMNAJt K* AIL H WE HOfWY K3USTW DnuUmmwpm Qii>titlw uaiHmrina C«*cy>rWi of bfc—l— mi lypw piwrUm Piufuty information oo Iseewt ead WwldWMsWfb (cm mnpto) Application* b ipedfic iaiaHry ncmr Amkpktmimmmhori«g Trrrt JwwLwkr I*l lew OUhsfcW, DIVID L PEBBISOH C.
      64 words
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  • ASIA
    • Article
      Lock icon India makes new bid to woo foreign investors to energy sector
      416 6 Reuter BOMBAY India yesterday launched a new drive to attract large scale foreign investments into its energy sector in an apparent attempt to limit the fallout from a raging controversy over the country's biggest power project. Energy Minister N
      Reuter  -  416 words
    • Article
      Lock icon Pakistan braces for tough budget
      368 6 Hard measures aimed at winning resumption of IMF loans Reuter ISLAMABAD Prime Minister Benazir Bhutto will once again ask Pakistanis to think of future gains rather than of the near-term pain tomorrow's budget may inflict. The 1995/96 budget will need to be tough to win
      Reuter  -  368 words
    • ASIA NOTES
      • Article
        Lock icon Seoul to cut tax on share trading
        99 6 AFP SEOUL South Korea will lower taxes on stock transactions from the current 0.5 per cent to 0.45 per cent with effect from July 1, the Ministry of Finance and Economy said yesterday. The new measure comes 17 days after the government announced
        AFP  -  99 words
      • Article
        Lock icon N Korea, US agree on N-programme
        119 6 AFP KUALA LUMPUR North Korea and the United States reached a "general agreement" late yesterday on replacing Pyongyang's controversial nuclear programme after 23 days of talks here, US negotiator Thomas Hubbard said. "We have come to a general agreement and I expect we will
        AFP  -  119 words
      • Article, Illustration
        Lock icon Taking the underground to work
        45 6 AFP AN ENGINEERING worker riding an electric tricycle through sewer tunnels in Japan's Okazaki city. A construction company came up with the idea to ease the transport problem and to prevent workers from getting possible backaches caused by crouching. AFP
        AFP  -  45 words
      • Article
        Lock icon Pakistan threatens to hit back
        100 6 Reuter ISLAMABAD Foreign Minister Assef Ahmad Ali told parliament on Sunday that Pakistan would respond if India deployed its medium-range Prithvi missiles, which Islamabad sees as a threat to its security. In a speech to the National Assembly (lower house), he also urged India to
        Reuter  -  100 words
      • Article
        Lock icon No reprieve yet from N India heatwave
        75 6 AP NEW DELHI A month-long heatwave across northern India has left 248 people dead so far, dried up village wells and is showing no signs of abating, the United News of India agency said yesterday. Temperatures as high as 49 deg C have
        AP  -  75 words
    • Article
      Lock icon S Korea likely to face problems in control of money supply
      255 6 AFP SEOUL South Korea is expected to face a "fairly" hard time controlling money supply in the second half, with annual economic growth expected to surpass the forecast 8 per cent, president of the Bank of Korea said yesterday.
      AFP  -  255 words
    • Article
      Lock icon Motion of no confidence planned against Japan Speaker
      221 6 AFP TOKYO Japan's main opposition New Frontier Party (Shinshinto) was to submit a no-confidence motion against the Speaker of the Lower House yesterday to protest against the ramming through of a resolution of remorse for war-era actions, party officials said yesterday. The
      AFP  -  221 words
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      816 6 H OUR EMIRATES W W PACKAGES LET YOU TRAVEL B H LIKE A SHEIKH WITHOUT M M PAYING LIKE ONE. jg CAIRO 4D/3N fr.m St 1,531 WfJg Prices include Airfare *Accommodation Airport transfers Buffet f|f| Vf Breakfast Half day city tour Hotel room tax and service charge. Ul W DUBAI
      816 words
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      Page 6 Advertisements Column 2
      48 6 SHOWER SCREEN KEEPS BATHROOM FLOORS CLEAN PRY "1 4j jl Corner-entry ideal for small bathrooms No grooves on bottom tracks-easy cleaning Frames anodised and powder-coated Panels polystyrene, mirror and tempered glass The system features perfectly water-tight seals Made to measure any size Also available pivot and hinged doors
      48 words
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      Page 6 Advertisements Column 3
      183 6 12 TAGORE DRIVE 4 storey warehouse Si to Aim 57,6405f Buit-in Aim 96.000 sf (gross) 87,040 sf (net) 2 caiyo lifts, 1 passenger Bft 4 covered container loading bays with dock levellers Existing Tenancy good returns Easy access via CTE, SLE Joint Marketing Agentt TANKOKENG Property Consultants JOneS Lang WOOOOn
      183 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon US officials' bid to downplay trip a futile one
      868 7  -  Taiwan President's visit to the US From Leon Hadar in WASHINGTON TAIWAN'S President Lee Teng-hui arrived in the US last week for what officials in Washington and Taipei described as a "private" visit in which Mr Lee would give a speech
      Reuter  -  868 words
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      81 7 w* :r FIT FOR BUSINESS SR/JBHUV I SUE watching your choicc of programmes I* I *]^H Wi*MiirtFfe '^ff-' on your personal TV monitor. Relax in liwnwm»imnn»»«> a soothing steam room. Revive with a I J|ML cold plunge. Fitness assessments are pert ■£»< of the service, and a personal programme can
      81 words
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      Page 7 Advertisements Column 2
      234 7 Campaign to beat baldness in A y, leading Internatfonaf network of Director ofthe International Hair Replacement Academy (IHRA) Winner of the 1984 USA National Award cf the Hair Replacement VW Hair centers, IS Specialist Association (HRSA) MM irffciifcMf M /mvi 1989 Award Winning Managing Consultant of the world's largest .ligßfci
      234 words
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  • PROPERTY & CONSTRUCTION
    • Article
      HK firm linked to Edmund Tie ties up with DTZ
      275 8  -  By Abdul Hadhi SINGAPORE Hongkong's C Y Leung and Co, fresh from joining forces with former Jones Lang Wootton (JLW) supremo Edmund Tie, is also teaming up with DTZ Debenham International. Property firm DTZ's managing director Amos Koh told BT
      275 words
    • Article
      New boy Habitat homes m on residential market
      419 8  -  By Michelle Low UP AND COMING Habitat Properties is launching its first residential property project this weekend, to be followed by two more residential developments next year as the niche player eyes a stronger presence in the market. For its maiden project,
      419 words
    • Article
      Lock icon Cheung Kong project sees brisk sales
      512 9 But analysts say it's too early to tell if HK's mass market property prices are set to rebound Bloomberg Business News BRISK demand at a key apartment sale by Cheung Kong (Holdings) Ltd over the weekend may be difficult to duplicate, indicating property prices
      Bloomberg Business News  -  512 words
    • Article
      PROPERTY WATCH
      249 9 Selected transactions In the past week T«nuf» Jun 5 1542 EartCowtRoid Terr 1850/2240 FH 1,480,000 661 Jun5 1024 Spring Grove Condo 1389 L99 1,250,000 900 Jun6 2775 GoodtakPaifc Comer Terr 2400/3100 FH 1,670,000 539 Jun6 1335 Serene View Mans Condo 2240 FH 930,000 415 Jun 8 0512 WestpeakCdo
      249 words
    • Article
      Lock icon Low Yat awaiting nod for Sydney project
      314 9 Bemama MALAYSIA'S Low Yat Group is still awaiting approval from the Sydney City Council to convert its Grace Building in the Sydney Central Business District into a hotel and shopping arcade, a company spokesman said yesterday. "We have submitted our building application to
      Bemama  -  314 words
  • Page 8 Advertisements
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      417 8 f 12-13 July* Pan Pacific Hotel Singapore Information-packed conference designed to give you all the information you need to keep up with the frantic pace of the property market in Asia. Discussion topics include The Office Market and Investment Opportunities in Asian Cities Review of Singapore's Public Private Residential Property
      417 words
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      Page 8 Advertisements Column 2
      64 8 FOB SALE BY TENDER Excellent Industrial Development Site Strategically A prominently located along I- mmjlSmim? RD Paya Lebar main road CIOS6 t0 Paya LebBr MRT StStion 11 ff^f*wßL Master Plan Zoning: Industry „To B lnVeStment ef)or^en(^er D° cuments > mm BBHHPVHI Anson road #06-1 I rlili» International Plaza I Singapore
      64 words
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      369 9 ■Children's Funland Monkey King twists iu tales. General knowledge quiz. Hear T«a Jerry ere—. CMKcmummc MFBliiie An SfH MMta tan** BEBHB Jnr SINGAPORE INSTITUTE OF SMI SURVEYORS VALUERS Be a Qualified Real Estate Agent Th c Real Estate Agency Course aims to train estate agents as well as upgrade the
      369 words
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      Page 9 Advertisements Column 2
      32 9 RUSSIA Get cash for letters of credit, open invoices or promissory notes of Russian sovereign obligors. Turan Asia Pte. Ltd. 1 Shenton Way #17-02 Robina House Singapore 0106 Tel: +65/227-5200 Fax: +65/227-8203
      32 words
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  • SPORTS
    • Article, Illustration
      Lock icon Accusations fly over Aussie defeat
      590 10 AFP SYDNEY Australia was gripped by despair yesterday after the Rugby World Cup loss to England and accusatory fingers are being pointed even before the team has returned. There were growing calls from fans for the replacement of coach Bob Dwyer after the 25-22 quarter-final
      AFP; Reuter  -  590 words
    • Article, Illustration
      Lock icon Golfers who have what it takes to win the big one
      762 11 US Open Golf NYT SOUTHAMPTON, New York Back in the late 1980s, when he was winning two straight US Opens, Curtis Strange had an aura about him, an air of invincibility, a cloak of confidence. With the centennial Open
      NYT  -  762 words
    • Article
      Lock icon Clay court king Muster is gross on grass
      424 11 Reuter AFP PARIS Despite being crowned French Open champion on Sunday, Thomas Muster won't be seen in action again for a while. Muster may be the king on clay, on which he is unbeaten in 35 matches, but he's gross on grass
      Reuter; AFP  -  424 words
    • Article, Illustration
      Basketball
      19 11 HOUSTON, Texas NBA Finals Game Three Sunday: Houston 106 (28-26-21-31) Orlando 103 (30-23-22-28) (Houston leads best-of-seven series 3-0).
      19 words
    • Article, Illustration
      Golf
      235 11 PALM DESERT, California Ernie Els, who defends his US Open title at Shinnecock Hills this week, is also exploring another path of his golfing forefathers with the formation of a new golf course design company. Els Clark Design, located in Palm Desert, was created in association with 25-year-old Els*
      235 words
    • Article, Illustration
      Indy racing
      54 11 DETROIT Detroit Grand Prix Sunday (US unless stated): 1 Robby Gordon. Reynard-Ford, 77 laps, 83,499 mph (133.6 kmh) 2 Jimmy Vasser. Reynard-Ford, 77 3 Scott Pruett, Lola-Ford, 77 4 Michael Andretti, Lola-Ford, 77. Series leaders: Jacques Vtlleneuve 79; Gordon 75; Pruett 66; A 1 Unser Jr 61; Paul
      54 words
    • Article, Illustration
      Motor-racing
      75 11 MONTREAL Jean Alesi, taking control after defending champion Michael Schumacher got stuck in third gear with 12 laps to go, won the Canadian Grand Prix on Sunday for his first career Formula One victory. Alesi celebrated his 31st birthday by taking a victory ride standing atop Schumacher's car. Hundreds
      75 words
    • Article, Illustration
      Lock icon Orlando Magic players refuse to throw in the towel
      635 11 NBA Finals NYT HOUSTON The sunglasses stayed in their Gucci bags, Horace Grant stayed in the sauna room and Shaquille O'Neal stayed optimistic. Orlando's players can count to four, so they maintained on Sunday night that they are not mathematically eliminated.
      NYT; Reuter  -  635 words
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      1122 10 d& p 4t2i£i A PL E R SI I mi <€:#/// Available at stationery book shops Tel: 235 9577 Fax: 733 7897 rflniilm-«» J«t)«»n A Jnmo Group of Companies South East Asia ISLAND FINANCE LIMITED K" (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 3IST DECEMBER 1994 I—
      1,122 words
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      Page 10 Advertisements Column 2
      1095 10 ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at 17 Harvey Road, #04-01, Singapore 1336 on 28 June 1995 at 10.00 a.m. for the following purposes As Routine
      1,095 words
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      399 11 OMNI MOID OMNI MOLD LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Omni Mold Ltd ("Shareholders") will be held at 51 Joo Koon Circle, Singapore 2262 on 28 June 1995 at 11.00 a.m.
      399 words
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      Page 11 Advertisements Column 2
      10 11 Cost: 30 cents a minute HFBline An SPH AudioTex Service
      10 words
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  • Page 12 Advertisements
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      893 12 TO WINE, DIME AND ENTERTAIN WOWLD-S LARGEST SELLING BEER J TH6 MOST f*JTH€NTK fTBUfIN PRSTR PCZfI W TCXIJN BSowpPEHj) -J' ed MsnnEsaMSADnn^pnin^^MHF f^ t iA| 77ftMrteCMrtbdM1-01/^2S(IS4S] IggS] M*****41/MIM74 Father's Day 18 June Make Dad feel like a 'King' for the day. Treat him to a royal lunch or dinner of
      893 words
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      Page 12 Advertisements Column 2
      321 12 ra J j ==_L jßi fancy 'Beijing? Then, we're delighted to surest t/ie Vine Court for a memorable dining experience. Our lunch menu offers a variety of dian j(in "Beijing dumplings, a selection QCDTV of set menus, and "Beijing specialities such as 'Beijing Ducfi. Bafyd Tench and Marinated Lamb, fancy
      321 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon From bad boy to cult hero
      506 13  -  Belgium's enfant terrible of the arts talks to Sue Pleming about his debut film Sue Pleming Reuter JAN BUCQUOY, known as Brussels' enfant terrible for his underpants museum and bawdy comic strips, is basking in new-found credibility with the success of his first film,
      Reuter  -  506 words
    • Article, Illustration
      Lock icon Madonna's Merc sold for US$56,350
      276 13 AP Reuter AP MADONNA'S 1969 white Mercedes convertible sold for U5556,350 (5578,330) and Bob Dylan's handwritten lyrics to Blowin' in the Wind drew U558,625 at an auction in New York of rock 'n' roll memorabilia. The 280SE with black leather interior, driven by the pop
      AP; Reuter  -  276 words
    • Article, Illustration
      A journey through the 20th century
      402 13  -  By Susan Tsang COSTUME jewellery today costs almost as much, if not more, than the genuine article. It is no wonder then that crystal maker Swarovski thought it appropriate to put together a retrospective of the development of fashion jewellery. Jewels of Fantasy: Costume
      402 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      278 13 WHERE TO WINE, DINE AND ENTERTAIN iucalctary o/Fir 2onm Pirn oaf I I miMiirmiwnftrrr BSSB &HSB s sasassMafw&WM BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Wednesday Ladies Nite The Entertainment Zone 101 Thomson Road «81 -01/06 United Singapore 1130 Tel: 356 1136 ksmuii For
      278 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      316 13 ■I. r.iMi M/ls* Cm* Una* Ml 1 tai BuanosMn 11/02 Cloud* AucMaid 16/08 Sum* Amsterdam NVI 1 < jd P"*? 5^12 Banau* 33/24 fslorm Athens 29/20 Sunny HonokAi 34/22 OaMti jjanpc* 19/09 Cloud* Houston 37/21 T«om _.|u/i» Bonn 19*» Cloudy LaMp 19/13 Cloud* showers Copenhagen.- CJcm* Los Armeies 19/14 Sum*
      316 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      722 13 Exclusive, 8.30pm, TV f Suzanne Somers, Ed Begley Jr B and Michael Nouri appear in W movie about aTV anchor- Wf 1 woman's attempt to boost her flagging ratings. What an at- mjf 2 tempt —it leads to a web of v 4* itie a six-part documentary hosted by zoologist
      722 words
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  • Article
    Thai voters deserve a vision
    509 14 OVER the next three weeks to Thailand's polling day on July 2, a total of 2,372 political candidates will wage an intense battle for the hearts and minds of 40 million eligible voters. Put another way, an average of six candidates are vying for each
    509 words
  • Article
    One-way street for Australia
    324 14 AUSTRALIAN Prime Minister Paul Keating, not an admirer of Britain and its institutions, has said something which a good number of his countrymen would not dispute: unless the country cuts its links with the British Crown, it cannot be said to be truly independent. Only by
    324 words
  • Article
    Police-public partnership vital
    150 14 THE JURONG POLICE anti-housebreaking team's success in solving more than 700 burglaries in the area and recovering more than half a million dollars' worth of stolen cash and property since 1993 is simply remarkable. The team has also put more than 400 burglars behind bars since then.
    150 words
  • Article
    Attitudes must change
    124 14 I > TO PARENTS, choosing a school is like choosing a house. Not only has it to be convenient and has the potential for development, the environment and image are also to be considered. Enlarging the intake of the popular schools may ease the overwhelming demand temporarily,
    124 words
  • Article
    Fear not an overheated economy
    169 14 CAST AWAY the gloomy spectre of an overheated economy and runaway inflation that some say are on the horizon. The first quarter's real gross domestic product growth of 9.9 per cent was the best since the first quarter of 1990. The astoundingly bright picture also
    169 words
  • Article
    A step in the right direction
    146 14 EVEN if it fails to satisfy many, at least the proposed apology expected to be adopted by the Japanese parliament this week or early next week is the first step towards an official apology for Tokyo's much condemned part in World War 11. As
    146 words
  • Article
    Riot prevention better than cure
    149 14 EVEN before the government launched its raid on High Island detention centre yesterday, the Vietnamese had begun rioting. According to official accounts, the kitchen and a UN office were torched, Correctional Services Department uniforms were stolen and partitions between camp sections were breached, allowing many
    149 words
  • Article, Illustration
    Blackjack wizard of Oz
    1111 14  -  Casinos rush to welcome billionaire bettor Kerry Packer any time he calls. Peter Lynch recounts some of the legendary gambler s exploits Peter Lynch The writer is a Sydney-based journalist who contributes to BT IT might be the middle of the night or the middle of
    1,111 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      259 14 For more than a century and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      259 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      56 14 fciil.kJ'J.MailjSlEl Inou suhVKfee tv (of course rrs 1 j b^aggyrL >fOUK j THOUGHT IT TO -rtfr I xr^D^ POONESBURY QARRY TRUDEAU 70V4SWT yOU PONT TK/THBCLAR\rXTMX- WtNOTfiTAUJ HMBACOPVOF I fi£L tXJRB&T&r* if you 04CSTHOHAS iMTDdk \*H&*PO HHWHOUSBHAD- I TH&P&SONALU- THINK COUOION!H* I'St'tJ I wak? J W n&5? notour tutu. I mAt/ora3ms_
      56 words
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  • ANALYSIS
    • Article, Illustration
      Satellites turn Indonesia into TV paradise
      1102 15  -  As ownership of TV sets rises, some of Jakarta's biggest conglomerates have entered the lucrative private television market. Maggie Ford reports Maggie Ford The writer is a Jakarta-based journalist who contributes to BT WELCOME to Indonesia, couch potato paradise. The country that had channel
      1,102 words
    • Article, Illustration
      Lock icon Small is beautiful in NZ's new electoral system
      888 15  -  Nikki Tait says proportional representation allows for differing views Nikki Tait FT SIR Roger Douglas, the former Labour Party finance minister who set New Zealand on its muchapplauded road to economic rectitude 10 years ago, sits in a sparsely furnished office in
      FT  -  888 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      672 15 A SINGAPORE INSTITUTE OF MANAGEMENT IV 551,019.70 SIM members/551,184.50 non-members July 17-21,1995 This five-day workshop explores the role of the professional salesperson in the 199ffs and beyond in the context of the changing global marketplace and increased competition. The workshop is designed for both experienced salespeople who wish to refresh
      672 words
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  • Article
    Record US$104b invested in developing nations: BIS
    347 16  -  Reports by Neil Behrmann in LONDON DIRECT foreign investment into developing nations, particularly China and South-east Asia, soared by US$24 billion (5533.3 billion) to a record $104.6 billion last year, according to the Bank of International Settlements' latest annual report. This represents 43.6
    347 words
  • Article
    Asia accounts for 20% of forex reserves
    184 16 LONDON Asia's economic tigers and other developing Asian nations account for a fifth of global foreign exchange reserves, according to the Bank for International Settlements (BIS). Asian foreign exchange reserves rose by US$3O.4 billion (5542.2 billion) last year to U*****.1 billion, out of
    184 words
  • Article, Illustration
    Lock icon Clinton, Gingrich stress cooperation in forum
    453 16 Reuter CLAREMONT, New Hampshire Political rivals President Bill Clinton and Republican House Speaker Newt Gingrich used a forum in a key election state to portray themselves as leaders able to work together despite ideological differences. The nationally-televised session on Sunday before a small crowd
    Reuter; AFP  -  453 words
  • Article
    Lock icon Flat profits
    55 16 Bloomberg Business News WASHINGTON Profits at US manufacturers showed little change in the first quarter as weaker consumer spending triggered a slowdown in the US economy. After-tax factory profits totalled 6.1 US cents per dollar of sales during the first quarter, the same as the fourth quarter, the
    Bloomberg Business News  -  55 words
  • Article
    Lock icon Italy's markets plunge
    93 16 Reuter MILAN Italy's financial markets fell sharply yesterday on fears that former premier Silvio Berlusconi would use his decisive victory in Sunday's referendum on his television interests to press for a snap election. Dealers said the Bank of Italy probably intervened to steady the lira as the
    Reuter  -  93 words
  • Article
    Lock icon Russian threat
    79 16 Reuter NEW YORK Russia is threatening to end a three-year-old agreement to send 500 tonnes of weapons-grade uranium to the US in exchange for US$l2 billion (SS 16.7 billion) in cash. The New York Times yesterday reported that the bomb-quality uranium was to be diluted to provide electricity
    Reuter  -  79 words
  • Article
    Lock icon EU Jobless rate static
    52 16 Reuter LUXEMBOURG Seasonally-adjust-ed unemployment in the European Union was static at 11 per cent or 18.2 million people in April, but was down from 11.4 per cent a year ago. The EU yesterday said the overall figure was unchanged for the first four months of the
    Reuter  -  52 words
  • Article
    Lock icon Frothy Interest only?
    128 16 Reuter LONDON Three-quarters of British managers have no idea how high official interest rates are, but ask them the price of beer and nine out of 10 get it right. A survey of 600 companies directors, entrepreneurs and senior managers released yesterday showed a widespread ignorance of
    Reuter  -  128 words
  • Article
    Lock icon £22.5 m Jackpot winners
    98 16 Reuter LONDON The owners of a glazing firm have won Britain's biggest lottery jackpot and the estranged wife of one of them yesterday said she wanted her share of the £22.5 million (5549.5 million) prize. "I'm after half his cash. Our decree absolute has not come
    Reuter  -  98 words
  • Article
    Lock icon Change in company law?
    62 16 Reuter JERUSALEM Israel is weighing a change in the government corporations law to prevent hostile elements from gaining seats on the board of directors of state-controlled companies, treasury sources said yesterday. Shareholders with more than 7 per cent can now appoint a director to the board.
    Reuter  -  62 words
  • Article
    Lock icon Many countries at crucial stage in economic cycle: BIS
    451 16 AP BASLE, Switzerland The world appears well on the way to controlling inflation over the long term, but is facing a test as many countries hit a crucial point in their recovery, a key central bank said yesterday. "We would seem
    AP  -  451 words
  • Article
    Lock icon US T-bonds up on Greenspan's mild recession comments
    362 16 Bloomberg Business News NEW YORK US Treasury bonds rose after Federal Reserve Chairman Alan Greenspan said prospects for a "mild recession" are gaining. His comments in Switzerland yesterday came after a week in which bonds plunged amid signs that Fed officials, including
    Bloomberg Business News  -  362 words
  • Article, Illustration
    Is East Asia pursuing flawed privatisation policies?
    717 16  -  The Bottom Line S N VASUKI S N VASUKI The writer is a BT senior correspondent specialising in regional infrastructure INVESTORS are disappointed with the performance of Tenaga Nasional Bhd. The Malaysian utility which delivered hefty profits since privatisation in 1992 has now
    717 words
  • Article
    Lock icon Extreme right steals limelight in French municipal elections
    537 16 Reuter PARIS The extreme right stole the spotlight yesterday after a strong showing in France's municipal elections as conservative President Jacques Chirac failed to translate his election victory last month into big local gains. The left held on to many of its
    Reuter  -  537 words
  • Article
    Lock icon US$2b in fake US currency circulating in Arab world: report
    279 16 AFP CAIRO More than US$2 billion (552.78 billion) in forged US currency is circulating in the Arab world, most in US$lOO bills, according to Interpol figures, the Arab financial daily Al-Alam Al-Yum reported yesterday. "Some countries neighbouring the region are
    AFP  -  279 words
  • Page 16 Advertisements
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  • COMPANIES & MARKETS
    • EYE on your STOCK
      • Article, Illustration
        MARKET MOOD
        52 17 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barings. Credit Lyonnais Securities. Daiwa, Fraser. G K Goh, Kay Hian. Morgan Grenfell. Ong Co, Nomura. Phillip. Smith New Court. WI Carr and S
        52 words
      • Article, Illustration
        HOT STOCK
        86 17  -  By Paul Leo DO NOT buy Electro Magnetic yet despite an all-time |ow price of 20 cents yesterday and Relative Strength Indices near oversold conditions. Selling pressure is very strong yesterday's volume of 1.96 million shares is nearly 9 times the 10-day average of 223,000 units. Buy only
        86 words
    • Article, Illustration
      Wong Yip Yan to step down as YHS chairman
      520 17  -  _5L Chuang Peck Ming SINGAPORE After replacing Alan Yeo as Yeo Hiap Seng chairman in February, fWong Yip Yan, the first nonYeo to take the helm of the troubled beverage group, is ftepping down. YHS said yesterday Mr Wong and another
      520 words
    • Article
      City Developments eyeing stake in Thailand's First Pacific Land
      332 17  -  From Loh Hui Yin in BANGKOK CITY Developments, on a rapid expansion path overseas, could soon be putting Thailand on its corporate map. An informed source in Singapore said the property developer "is exploring the possibility of taking a stake in
      332 words
    • Article
      Fu Yu's IPO receives good response
      188 17 Singapore The initial public offer by plastic injection mouldings maker Fu Yu Manufacturing has drawn a strong response. "The offering has been oversubscribed and we are finalising details of the (distribution) ratios," David Chong, assistant manager of corporate finance at underwriting company Standard Chartered
      188 words
    • Article
      Haw Par buys firm with stakes in aquariums
      178 17 SINGAPORE Haw Par Brothers International has agreed to pay $55.77 million cash for stakes in the Underwater World aquariums on Sentosa island and in Barcelona, and an Australian commercial property. The company said yesterday that its subsidiary Haw Par Leisure International had
      178 words
    • Article
      Bank on banks to better forecasts by analysts
      797 17  -  HOCK LOCK SIEW -By Alvin Tay SINGAPORE Most analysts, it seems, don not share chairman Wee Cho Yaw's sentiment that United Overseas Bank cotUd report single-digit growth in earnings for 1995. "Most analysts still expect the net earning* of not just UOB
      797 words
    • Article
      Auric Pacific to buy two floors of space in Sim Lim Square
      329 17 SINGAPORE Auric Pacific Group, formerly known as Goodman Fielder Asia Holdings, plans to buy two floors of commercial space in Sim Lim Square for $60 million. Auric said yesterday it had signed a conditional agreement with Guoji Investment
      329 words
    • Article
      Lock icon Suharto's son may raise stake in Van Der Horst
      155 17 Reuter SINGAPORE Bambang Trihadmojo, the son of Indonesian President Suharto, said yesterday he might increase his stake in power and infrastructure company Van Der Horst (VDH). Asked if he would, as is widely believed in the market, consider buying more VDH
      Reuter  -  155 words
    • COMPANIES
      • Article
        Sembawang unit bags $92m job
        122 18 SINGAPORE Sembawang Corp's engineering division has bagged a $92 million treatment works upgrading project from the Ministry of Environment. The project requires Sembawang Engineering to cover open treatment units at the Ulu Pandan Sewage Treatment Works. The job involves the design, construction, installation and commissioning
        122 words
      • Article
        Hong Fok sells property for $70m
        82 18 SINGAPORE Hong Eok Corporation Ltd has sold about 15,000 sq m of factory space in Henderson Industrial Park for $70 million. The company said the agreement was reached between wholly-owned subsidiary Hong Fok Realty and an individual Ting Lin Tze. Hong Fok said the
        82 words
      • Article
        Robert Fleming ups HPL stake
        34 18 SINGAPORE Robert Fleming Holdings Ltd has increased its stake in Hotel Properties Ltd to 7 per cent through the purchase of 300,000 shares for $837,520 in the past month.
        34 words
      • Article
        Temasek's stakes in listed companies
        39 18 SINGAPORE Temasek Holdings now owns 5.71 per cent of Ssangyong Cement, 18.48 per cent of Tat Lee Bank, 32.38 per cent of DBS Und and 70.97 per cent of Singapore Technologies Industrial Corporation Ltd.
        39 words
      • Article
        A director's buy
        24 18 SINGAPORE Chang Meng, a director of a Nat Steel Ltd subsidiary, bought 17,500 Nat Steel shares for $51,800 on May 31.
        24 words
      • Article
        Untitled
        2008 18 in m Hi' prk« Jun 13 Singapore IMt Trast The Commerce 1.54 l.67*d The Savin* Fund 1.53 1.62 S*pore Prof Fund 0.62 0.66 S pore Sec Fund 0.98 1.04 S pore Invest Fund 1.16 1.23 ypore Equity Fund 0.74 0.79 Asia Unit Tnst Mai Invest Fund 2.48 2.62xd Mai Prog
        2,008 words
      • Article, Illustration
        Lock icon Bimantara expects media, telecoms to boost earnings
        477 18  -  By S N Vasuki SINGAPORE Senior officials of Indonesian conglomerate PT Bimantara Citra are confident that rapid growth in its media and telecommunications businesses will propel earnings growth over the next three years. The company controlled by President Suharto's second son Bambang Trihatmodjo
        Photo by Arthur Lee  -  477 words
      • Article
        Air Mandalay plans foray into hotel sector
        498 18  -  From Loh Hui Yin in BANGKOK WITH the financial muscle of new shareholder Kemayan Corp, Air Mandalay Holdings plans to venture into the hotel and other businesses in Myanmar, said the carrier's managing director Michael Chang. "We have identified about three or four
        498 words
      • Article, Illustration
        Lock icon Sime Darby close to buying 60% stake in UMBC
        398 18 NST KUALA LUMPUR Sime Darby Bhd is close to acquiring the entire 60.33 per cent stake in United Malayan Banking Corporation Bhd (UMBC), currently owned by Datuk Keramat Holdings Bhd. Executive chairman Mohamed Yaacob said that the local conglomerate was now
        NST  -  398 words
      • Article
        Lock icon Petronas Gas to offer 450 m shares in flotation
        132 18 NST KUALA LUMPUR Petronas will offer for sale about 450 million shares in its whollyowned subsidiary Petronas Gas Bhd at M 55.30 each in the flotation targeted for late August or early September. Petronas Gas* listing would be the third largest
        NST  -  132 words
      • Article, Illustration
        Lock icon Lotus agrees to takeover after IBM sweetens offer
        591 19 USs3.sb deal will create formidable new competitor in software business LAT SAN FRANCISCO The computer software industry's first big hostile takeover battle ended swiftly on Sunday when Lotus Development Corp agreed to be acquired by IBM Corp for US$3.5 billion (554.9 billion),
        LAT  -  591 words
      • Article
        Lock icon Citicorp, China Everbright, Brunei agency form China fund
        151 19 Reuter HONGKONG Citicorp has joined with units of China Everbright Group Ltd and the Brunei Investment Agency to form Citicorp Everbright China Fund Ltd, a closed-end investment company incorporated in the Cayman Islands. The shares in the company, worth US$lO2 million (S$
        Reuter  -  151 words
      • Article
        Lock icon Nippon Life's pre-tax profit falls 14%
        72 19 AFP TOKYO Nippon Life Insurance Co said yesterday its pre-tax profit fell 13.8 per cent to 233.5 billion yen (Ss3.B billion) in the year ended March 31. Japan's biggest life insurer said premium income fell 2.2 per cent to 5.662 trillion yen in the
        AFP  -  72 words
      • Article
        Lock icon Aiwa to bypass domestic network
        58 19 Bloomberg Business News TOKYO Aiwa Co will sell the audio-visual equipment it produces abroad directly to large Japanese retailers without going through its domestic distribution network, Nihon Keizai newspaper reported on Sunday. Aiwa will offer lower prices to help offset the large inventories that retailers
        Bloomberg Business News  -  58 words
      • Article
        Lock icon Golden Hill chief sells stake
        50 19 Bloomberg Business News HONGKONG The chairman and managing director of Golden Hill Land Development Co Ltd, Wong Wai-chi, has sold his 34.45 per cent stake in the company to another director of Golden Hill, Wang Xian-chou, at 65 HK cents a share. Bloomberg Business News
        Bloomberg Business News  -  50 words
      • Article
        Lock icon Chairman sells stake in Rich City
        43 19 Bloomberg Business News HONGKONG Rich City Packaging Holdings Ltd, targeted for a takeover by businessman Martin Kwok, yesterday said its chairman, Henry K F Chong, sold a 3.6 per cent stake in the company. Bloomberg Business News
        Bloomberg Business News  -  43 words
      • Article, Illustration
        Acer expects record turnover of US$5b this year
        418 19  -  By David Mok SINGAPORE Taiwan's largest computer maker, Acer Inc, expects a record US$5 billion (556.95 billion) turnover this year, a 55 per cent increase over last year. In an interview with Business Times yesterday, Stan Shih, the firm's chief, said that
        418 words
      • Article
        Lock icon Aussie exchange may extend trading to suit Asia
        160 19 Bernama MELBOURNE The Australian Stock Exchange (ASX) is considering extending its trading hours to attract Asian investment and to be in tune with trading on the Asian markets. Saying there was an economic justification for extending trade, ASX managing director, Richard Humphry
        Bernama  -  160 words
      • Article
        Lock icon British fund managers bullish on European stocks: survey
        374 19 Reuter LONDON British investment fund managers are most bullish on the outlook for continental European stocks among world equity markets, according to brokerage Smith New Court's monthly survey of investment intentions. "For continental European equities, the balance of bulls minus bears is
        Reuter  -  374 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        BIS highlights the positive side to using derivatives
        586 20  -  By Paul Leo SINGAPORE The dramatic losses caused by derivatives trading have made the world more aware of the risks that accompany such business. But banking authorities are unlikely to heed calls to curb derivatives trading because such securities can and do
        586 words
      • Article
        Lock icon China to focus on developing financial spot market first
        230 20 AFP SHANGHAI China does not have the conditions for developing a financial futures market and will instead concentrate on building a spottrading market first, a central bank official said yesterday. China has yet to liberalise interest rates and resolve the conflict
        AFP  -  230 words
      • Article
        Lock icon Tokyo comex may launch gasoline futures
        122 20 Platt's Oilgram TOKYO The Tokyo Commodities Exchange is likely to introduce gasoline as its first energy futures contract, according to a source at the exchange. The exchange started studying the possibility of launching oil futures contracts in Japan in 1988, but stringent government regulations
        Platt's Oilgram  -  122 words
      • Article
        Dah Sing signs HK$500m FRCDs
        75 20 SINGAPORE Dah Sing Bank Limited signed a HKSSOO million (Ss9o million) five-year floating rate certificates of deposit in Hongkong yesterday, lead manager and arranger HSBC Markets said. Ten international institutions, including Singapore's Oversea-Chinese Banking Corporation Ltd, are participating. The issue, priced at 70 basis points
        75 words
      • Article
        Lock icon IBJ cuts long-term prime rate to 3.1%
        96 20 Bloomberg Business News TOKYO The Industrial Bank of Japan said it will cut its long-term prime rate to 3.1 per cent, from 3.6 per cent, starting tomorrow. The rate is at its lowest since the end of World War 11. The long-term prime
        Bloomberg Business News  -  96 words
      • Article
        Lock icon Taiwan bank opens Hanoi office
        65 20 Bloomberg Business News TAIPEI Taiwan's Chinatrust Commercial Bank said it will open a representative office in Hanoi today. The move is in line with the commercial bank's plans to expand in South-east Asia, a bank spokesman said here yesterday. Chinatrust, the banking arm of Taiwan's
        Bloomberg Business News  -  65 words
      • Article
        Lock icon Salomon said to be scrapping disputed pay plan
        415 20 NYT NEW YORK Salomon Brothers Inc is scrapping its much-debated compensation plan that led to the departure of more tittn 20 senior managing directors and traders, sources at the firm said on Sunday. In an internal memorandum distributed last Friday, Robert E
        NYT  -  415 words
      • Article
        Lock icon China Assets board stands by chairman
        344 20 Futures watchdog files fraud charges in US court Bloomberg Business News HONGKONG China Assets Holdings Ltd, a Chinabacked investment company, said its board will stand by its chairman after the US Commodity Futures Trading Commission filed fraud charges against the executive. The Hongkong-based company
        Bloomberg Business News  -  344 words
      • Article
        Lock icon Oil prices sag on 'technical' dip
        300 20 ENERGY RjPOWt Reuter LONDON World oil prices sagged yesterday in what dealers described as a modest "technical" dip which could lay the foundations for another move higher in the near future. World benchmark Brent Blend crude oil futures for July delivery traded nine cents
        Reuter  -  300 words
      • Article
        Lock icon LONDON
        195 20 Reuter LONDON The dollar was little changed from opening levels near midsession in Europe, drifting in narrow ranges amid a dearth of fresh trading incentives, dealers said. Anticipation of a string of US data, and events, such as the Bundesbank council meeting tomorrow and the advent of the G-7,
        Reuter  -  195 words
      • Article
        Lock icon NEW YORK
        81 20 AFP NEW YORK The dollar dipped slightly against the other major currencies yesterday in light trading ahead of a much-awaited government report on US consumer prices. Gold was unchanged from Friday at U*****.70 per ounce. At 1400 GMT, the dollar was trading at 1.4035 German marks from 1.4060
        AFP  -  81 words
      • Article, Illustration
        Untitled
        1150 20 Trade-weighted index cakulaied against Spore s tap 14 trading part/ten Base year 1963 US$/S$ forward rates Noon /Jun 12 St BM OOct 1-month I .3SS6 I .M7I 2-month l.3*» I.MIS Smooth 1.3741 IJWJ 6-month 1.3610 1.3630 Source: OCBC FOREIGN CURRENCY NOTE RATES to at 9mm m Mm 12 Singapore Mm
        1,150 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars and Euroyen end firmer
        1344 21 Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended firmer. Dealers said Eurodollars rebounded after the sell-ofF in IMM on Friday on rumours that Japan's Ministry of Finance told Japanese investors to restrict their buying of US bonds. "Simex saw some buy-back and some profit-taking after
        Reuter  -  1,344 words
      • Article
        KL tin up 35 sen on short-covering
        682 21 COMMODITY REPORTS KL Tin TIN prices on the KLTM closed 35 sen higher to M$ 15.55 per kg due to heavy short-covering activities. The bullish performance was also in line with the higher close on the LME, where the metal price rose US$2lO
        682 words
      • Article
        Rapeseed futures to remain quiet
        68 21 PARIS Trading in the MatiFs rapeseed futures is expected to remain quiet in the coming week, as the market remains focused on the arrival of the new crop, dealers said. "We might then (when the new crop comes in) see a break at 400 marks
        68 words
      • Article
        China to produce more aluminium
        106 21 HONGKONG China is expected to produce 1.65 million tonnes of aluminium in 1995, compared with this year's government-set target of 1.5 million tonnes, the official China Daily newspaper reported yesterday. The country produced 533,200 tonnes of aluminium in Jan-Apr, the report said. This amount represents
        106 words
      • Article
        Egypt saves by buying less maize
        61 21 CAIRO Egyptian Minister of Agriculture Youssef Wali yesterday said Egypt saved US$lOO million (SSI39 million) by cutting maize imports this year to 900,000 tonnes compared with last year's 1.6 million tonnes. He said this was due to increasing productivity. He said 880,000 ha will
        61 words
      • Article
        Aussie firm sends manganese to Japan
        63 21 SYDNEY The first shipment of manganese from Portman Mining Ltd's Pilbara-region Woodie Woodie mine in Western Australia is en route to Japan, according to the company. The shipment marks the first instalment on a 200,000-tonne delivery agreement between Portman and Japanese industrial buyers for
        63 words
    • Article
      COMMODITY PRICES
      1366 21 SICOM Futures (Mares dasiag as at 5.3tpai) RSS 1 Caatract (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jul 219.50 217.00 219.00 675 1550 Aug 212.00 212.00 216 00 100 2775 Sep 213.50 2250 Oct/Dec 207.00 207.00 207.50 150 6075 Jan/Mar 207.00 1500 3075 Apr/Jun 96
      1,366 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        1378 22 Australia voT J«" A* (XW) 1036.0 20 9*05 Aberfoyle 2*6 0 +1.0 318 Adelaide Steamship 7.J unc h TOT Advance Bank 943 0 -1 0 32OT Aittoosskd 170 unci) 420 *«Mralia 254.0 2.0 110 Ampol Exploration 3200 9.0 ***** Atgo Investment! 240.0 unch 745 Amotts 1200 5.0 103 Ashton Mining
        1,378 words
      • Article
        Taipei
        469 22 -20.25 SHARE PRICES closed 0.35 per cent lower yesterday as individual investors adopted a wait-and-see attitude. "Only some institutional investors conducted trading while most individuals retreated to the sideline as the market showed no signs of improving," said a dealer. The 321-issue Weighted Price Index declined *0.25 points to
        469 words
      • Article
        Seoul
        457 22 -1.91 Stock prices inched down 0.2 per cent yesterday with most investors concerned about the market's future directions. "Prices are likely to stay in a narrow band for some time, with no particular market-mov-ing news expected until the June 27 election,' said a trader. The Composite Price Index dropped
        457 words
      • Article
        New Zealand
        407 22 -6.86 New Zealand's share market yesterday maintained its weak tone of late last week, closing easier on light volume. Brokers said the market was apathetic, affected by the holiday in Australia. The NZSE-40 Capital Index of leading stocks fell 6.86 points to 2,075.98. There were several large off-market
        407 words
      • Article
        Bombay
        195 22 -19.17 Shares finished lower as big players stayed on the sidelines in gloomy end-session trading yesterday. Also, today is the end of the current account in the A group. "The market is trading in a very narrow band and most people are waiting for the market to move out
        195 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        641 22 Britannia Fundi Sleriia« Cask BM Offer Mim Cap Devout M *400 31 6500 Mim J«wy C3T. AIW3 0 1992 Mim Mil income ****** *0.9300 US Cat Income Ptin Fund 10.4400 *****0 PS S Roervc Fund 5.5000 S.5I00 .0.4592 ***** Fir East Food *2.7650 *2.9730 Man Portfolio M.9S60 *2.1470 UK Growth
        641 words
      • Article
        London
        662 22 +6.9 A RESURGENT Wall Street helped UK blue chips end a quiet session on a positive note, although traders said a stream of economic data and potential G-7 meeting developments may keep the market in a tentative pattern. The FTSE 100 Index ended up 6.9 points at 3,344.6 after
        662 words
      • Article
        Paris
        148 22 +10.73 French stocks climbed as shares in Thomson led the index higher, although gains were limited by declines in shares in construction companies and insurer Axa. A strong opening on Wall Street gave investors renewed confidence to buy in the afternoon. The CAC 40 Index closed 10.73 points higher
        148 words
      • Article
        Frankfurt
        177 22 11.45 German stocks had a small gain as the DAX Index ended 11.45 points up at 2,119.56 in moderate trade. An analyst said that the fact that the DAX remained above the "psychological level" of 2,100 points gave investors confidence in the market's short-term outlook. He said the market
        177 words
      • Article
        Brussels
        175 22 -7.48 Belgian shares closed about half a per cent lower in quiet, cautious trade, dragged down mainly by uncertainty about the development of interest rates and the dollar, and on weaker bonds. The Bel-20 index of leading shares ended down 7.48 points at 1,412.14 with about 1.3 billion francs
        175 words
      • Article
        Stockholm
        123 22 +1.94 Swedish stocks were mixed as gains in telecommunications equipment maker Ericsson helped the OMX Index escape the weakness in the bond market. The OMX closed 1.94 points higher at 1262.00, with gains in Ericsson offsetting declines in Pharmacia, down 7.5 kronor at 154 as bid hopes faded around
        123 words
      • Article
        Zurich
        252 22 +7.0 Swiss shares closed slightly higher as prices rebounded from early lows in optionsand futures-related business. Dealers said it was a good sign technically that that the blue-chip SMI Index did not break below the bottom of its 2780-2800 range after Friday's Wall Street losses. Mild pressure came from
        252 words
      • Article
        Milan
        159 22 =162 Italian shares closed with sharp losses and few brokers were prepared to bet on any rebound today after Silvio Berlusconi's referendum win raised the spectre of fresh political turmoil. The Mibtel Index ended 162 points lower at 9,819. Big blue chips led the retreat with the 510 billion
        159 words
      • Article
        Amsterdam
        225 22 -0.49 Dutch shares finish a quiet session within a whisker of Friday's closing levels, trading in a narrow range throughout the day. Dealers say Wall Street and bond market shake-out on Friday give investors cause to step back, although rebound on Wall Street yesterday could coax out buyers today.
        225 words
      • Article
        Johannesburg
        316 22 -45.1 Continued uncertainty about prospects left South African industrial shares well down as few fresh incentives emerged to support prices in low volume trade. Gold shares ended steady after bullion gained, but dealers said factors supporting the metal were also undermining the rest of the market. The Overall Index
        316 words
      • Article
        Toronto
        213 22 +2.10 Stocks edged higher in sluggish early trading aided by a positive tone in North American bond markets, traders said. The TSE 300 composite Index rose 2.10 points to 4,465.70 on volume 6.45 million shares valued at C 576.79 million. Advancing issues outpaced declines 167 to 156, with 231
        213 words
      • Article
        Now York
        668 22 +32.85 Stock prices turned shaiply higher in light trading after buy programs boosted the markets opening gains fuelled by bonds initial strength. The Dow Jones Industrial Average, which plunged 34.58 points on Friday, was ahead 32.85 to 4,456.84 at 11am EDT. The New York Stock Exchange Composite Index
        668 words
    • Article, Illustration
      Lock icon HONGKONG
      2531 23 Bloomberg Business News HONGKONG Stocks fell amid concern that executives themselves are losing confidence in their companies' prospects for earnings. A slump in bank and property issues, compounded by a slide in the shares of HK Telecom, drove the Hang Seng Index to its lowest level since May 22.
      Bloomberg Business News; Source: Bridge Info  -  2,531 words
    • Article, Illustration
      Lock icon CHINA
      472 23 CLSA IN Hongkong, the H share index lost 15.32 points at 1,152.48 on turnover of HKS27.B million. Dongfang Electric was the largest gainer, up 2.5 per cent. In Shanghai, the B share market fell one per cent on turnover of U552.46 million. Steel Tube and Outer Gaoqiao both came
      CLSA  -  472 words
    • Article, Illustration
      Lock icon TOKYO
      2518 23 Bloomberg Business News TOKYO Stocks tumbled to their lowest level in nearly three years as the government could not allay fears of a recession. With banks holding billions of yen in bad loans; the strong yen continuing to erode exporters' profits; and dismal earnings from nation's life insurers, traders
      Bloomberg Business News; Source: Bridge Info  -  2,518 words
    • Article, Illustration
      Lock icon BANGKOK
      1391 23 Reuter BANGKOK Stocks closed lower in sluggish trade following falls in major overseas bourses and profit-taking in finance counters. The SET Index closed down 19.48 points at 1,375.02. A total of 75.9 million shares worth 4.66 billion baht changed hands. Losers outnumbered gainers by 255 to 64, while 82
      Reuter; Source: Bridge Info  -  1,391 words
    • Article, Illustration
      Lock icon JAKARTA
      1131 23 Reuter JAKARTA Stocks regained some ground at the close after coming under continuous selling pressure from the opening. The Composite Index closed 4.44 points lower at 487.31 on moderate volume, with foreign unloading being the main pressure to market sentiment. Brokers said that the sell-ofT was in line with
      Reuter; Source: Bridge Info  -  1,131 words
    • Article
      CLOB INTERNATIONAL
      2069 24 1995 UM V«i Dn Jf* W. D* YW J^ High Um J Sri* (W) H%h U» »flw SHto Cw P/l MALAYSIAN STOCKS ln 0 478 I* m AISB 50c 38* -10 107 392 38* M6 388 3.0 -2.9 0.2 127 77.3 m AMI* 50c 93.S -IS 39 94
      2,069 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall on concern over US economic growth
        6305 24 Bloomberg Business News KUALA LUMPUR Stocks fell amid concern that slowing economic growth in the US could hurt Malaysia's exports, traders said. Investors are concerned about recent declines in US stocks and signs that the economy is cooling off. The benchmark K.LSE
        Bloomberg Business News; Source: Bridge Info  -  6,305 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8207 25 Gf Gr M Wl mi Last Val Day IjmI QmH Dl. Di. YU Net Can Avg High Lh Cam Salt CMC) High Ln B.,rr Seller Or P/E Sail Prk* M0UST1I1AL AND COMMERCIAL 488 3*2 ml Vim 50c 456 cd +4 155 45* 452 456 458 22.5 5.8 2.5 9.5 628.6
        8,207 words
      • Article, Illustration
        Lock icon Concern over US economy sidelines investors
        1854 26  -  By Quak Hiang Whai SINGAPORE Worries that US economic growth could slow down sharply and the Dow Jones' drop last Friday sent investors to the sidelines, as share prices here fell on thin trading volumes yesterday. Spooked by fears of more plunges in the
        Source: Bridge Info; Source: Bloomberg  -  1,854 words
  • Page 17 Advertisements
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      245 17 NEWS VALUE Investment funds to be traded on KL exchange seen (pg 1) Plans still very tentative, going by the lack of details. Indonesia extends Batam land leases to 80 years (pg 1) Likely to improve investment climate in Batam, and Indonesia in general. Tokyo urged to bail out banks
      245 words
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      Page 18 Advertisements Column 1
      344 18 yjS!NESS|mi^ TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 T GOLDEN PLUS HOLDINGS BERHAD (Incorporated in Malaysia) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at the Kedah Room. Basement 2. Shangri-la Hotel. 11 Jalan Sultan Ismail. ***** Kuala Lumpur
      344 words
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      Page 18 Advertisements Column 2
      93 18 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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      Page 19 Advertisements Column 1
      60 19 FOR SALE PURPOSE BUILT FACTORY AT TUAS >/ICINITY I" jy wpgmifrgA Comprises a double storey office block, a single-storey warehouse, a single-storey fabrication building and anciliary buildings Land Area 190,000 sf Built-in 77,000 sf Tenure Leasehold of 30 years wef 1982 3 Close proximity to the proposed second causeway to
      60 words
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      Page 19 Advertisements Column 2
      679 19 9 MARCINM/aa? SHARE FINANCING AH) W USE OUR RESOUMESIO f B GENERATE MORE SHARE POWER m fma I i Kl K x > 8! m s m !l r "%I K J "'V'--. < 9 H t/\" K D PJ S 9 b MARGlNffiB£l£? lets you purchase stocks shares HE
      679 words
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      Page 20 Advertisements Column 1
      28 20 Ample car parking SCOTTS VIEW HEALTH CENTRE TV Lounge 3th Fir, Royal Holiday Inn Crownc Plaza 25 Seotts Road, Singapore 0922. Free soft drink Tel: *****77 (2 Lines)
      28 words
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      Page 20 Advertisements Column 2
      49 20 You may have been unable to get your Businees Ttmee, Strata Times. Sunday Tlmee, LisnHe Zaobao and other dely newspepers Irom your usual newsstand bacauaa at fta higher demand lately. To ensure a da»y copy, cal Customer Services Section on 1800-749-2577, and aak tor home or olloe de#very eervtoe.
      49 words
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      Page 22 Advertisements Column 1
      100 22 The Australian and Philippine stock markets were dosed yesterday Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a
      100 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      140 23 advertisement a Hie Executive Treatment, perfected at Men's Skin Center. For true Executive confidence it is essential you look your best Good-looking skin is an important factor in enhancing your appearance and giving you a truly successful look. Many common skin problems caused by the tensions and strains of everyday
      140 words
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  • Page 25 Advertisements
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      35 25 ;> K y ..J--iL. fli' m rW HL *< j&1 ■Mtafl 111 I 'WW' m *311 J| Ik* MHhKm EH K.w IWTtßWA no>ai LTD IPS MuXt ftcxd Wtf 02 B'<T >yw vqacxye 3' T e- T ;u--89'
      35 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      790 26 J* tiSL Sufl&iSocvl HOLDINGS LIMITED ——(Incorporated In the RepuMc of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE 18 HEREBY GNVEN that the First Annual General Moating of the Company will be held at Marina Room, Superbowl Golf Country Club, 6 Marina Green. Singapore 0101, on Thursday, 29 June 1995 at
      790 words
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      Page 26 Advertisements Column 2
      130 26 BUSINESS T Prime Freehold Residential Development Site For Sale By Tender Location Along Newton Rood, near Newton MRT Land Area 2,636.7 sq m (Approx 28,381 sq ft) Tenure Estate in fee simple Plot Ratio 2.8 Height Restriction Up to 30 storeys Tender Closing Date 12 noon, 30th June 1996 For
      130 words
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      Page 26 Advertisements Column 3
      251 26 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND M THE MATTER OF HO SHIN MIN (SINGAPORE) PTE LTD (In Mdabtra' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of too Comport— Act. Cheplsr SO. tool a Final General Mooting of the abovonemod Company W bo hold
      251 words
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      Page 26 Advertisements Column 4
      411 26 Singapore Closing Sharo Prteos 12/00/IM6 CtOM MR LOW HMH W IM IM W \fUlf j jll, mitfiMT- 7.78 um 7.19 7JM ■reman mam mm [Wj MO M« MM kfcWiJ Hongkong Lan* I.M LOO 1.07 I.M BETffffHi in niiiniß' o 1 o Jx rill ■li«l«an TT«I OJO OJI MO Mia Published
      411 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      515 27 Knight-Ridder Reuter RATES started to climb again on the US Gulf to Japan grain run (fespite charterers' push to talk rates down, brokers said. Rates elsewhere have not risen, but most here see any upward movement on this run giving shipowners a psychological boost. The Baltic Freight Index
      Knight-Ridder; Reuter  -  515 words
    • Article
      Plan to give Thai lines 25% of domestic cargo trade
      674 27  -  From Alan Boyd in BANGKOK THAILAND is drawing up a package of tax and regulatory incentives designed to give local shipping lines 25 per cent of domestic cargo trade within a decade, after years of domination by foreign firms. The
      674 words
    • Article
      MARITIME STOCKS
      316 27 SES 000 Jon 12 S$ Vol CWT Distribution 1.57 unch 12 CWT Distribution A 1.51 Chuan Hup Holdings 116 +0.01 125 Cosco Investment 1.69 Cosco Investment A 1.63 unch 4 Far East Levingston 6.35 -0.10 184 GB Holdings 0/795 Hai Sun Hup Group 0.81 -0.025 401 Hitachi Zosen
      316 words
    • Article, Illustration
      Laem Chabang aims to double throughput to 1m TEUs
      309 27  -  By Alec Almazan SINGAPORE The Thai port of Laem Chabang aims to handle 500,000 TEUs this year and one million by 1996. "The government's strategy is to reduce throughput at heavily congested Bangkok port and shift it to Laem Chabang," the
      309 words
    • Article
      EMA lines set to achieve 1m TEUs
      229 27 SINGAPORE The Eastbound Management Agreement (EMA) has announced that its lines are on target to carry a total volume of over one million TEUs this year. During the first four months of the year, EMA lines carried 314,000 TEUs (twenty foot equivalent units),
      229 words
    • Article
      PSL-SCI venture to form company in S'pore
      307 27 BANGKOK Precious Shippings pic (PSL) has entered into a joint venture with the Shipping Corporation of India to form a company in Singapore and plans to begin its operations with three vessels. The joint venture still requires approval from the Indian government, said
      307 words
    • Article
      Lock icon S'pore-M'sia firm to run Trengganu ferry service
      88 27 Bernama KUALA TRENGGANU The Trengganu government has given the green light to a Malaysian-Singapore joint-ven-ture company to run ferry services to several tourist islands in the state from next month. State Tourism Development, Arts, Culture and Sports Committee chairman Ibrahim Awang told reporters
      Bernama  -  88 words
    • Article
      NOL in lease deal with Sumitomo
      183 27 SINGAPORE National carrier Neptune Orient Lines yesterday signed an operating lease contract for four bulk carriers with Sumitomo Corp of Japan. Samsung Heavy Industries of Korea will build the 73,000 deadweight tonne (dwt) vessels for Sumitomo. When completed, the ships will be chartered to
      183 words
    • Article, Illustration
      Lock icon Tugs haul cruise ship off Massachusetts sandbar
      251 27 Reuter BOSTON Tugboats used their propellers to carve out a channel and free an ocean liner grounded on a sand bank off Massachusetts with 1,500 passengers and crew aboard, a Coast Guard spokesman said late Sunday. "They were able to tow the Royal
      Reuter  -  251 words
    • Article
      Lock icon Ships find loophole in pollution act
      284 27 Lloyd's List LONDON A substantial number of shipowners have found a regulatory loophole in the US Oil Pollution Act of 1990 that has allowed them to delay for up to three years compliance with the requirement to obtain an OPA9(MTertificate of Financial Responsibility (Cofr).
      Lloyd's List  -  284 words
    • Article, Illustration
      Lock icon Time to temper hope with reality
      667 28 Demand is growing but cruise-shipping overcapacity may lead to lower revenue per passenger Fairplay CRUISE shipping conferences and exhibitions are a triumph of hope over reality. Hope, Abased on statistics gathered ;over the past decade, which -suggests growth in demand for cruiseship berths has
      Fairplay  -  667 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      315 28 Page •ANL 3 AWe 7 Accord 10 •Ahlers 6 •Ahrenkiel 4 •Appenship 4 Astro 10 Austral I Avant 6 BSA U Batamindo •CCNI 4 •CMA 11 •COSCO •CSAV Centenary Central Ex 11 Chahaya 4 •Cho Yang Contipac 10 Cosiink 12 Cougar 6 •DSR
      315 words
    • Article
      THE SHIPPING GUIDE
      9930 34 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at SingaporeioUowed by the ETA at the destination. The page The page number refers to the location of the schedule advertisement. ETA ETA LMm Vaaaal Voyaga Pi m dx'i m— m>— f a,...1..^
      9,930 words
    • SHIPS IN PORT
      • Article
        CONTAINER SCHEDULES
        1320 39 RECEIVING OF EXPORT Ftt CONTAINERS AND La CARGO RKord Wh SNp Voy H» Etb/Bto PwM Fran T* ACX Ltac MSA ***** M /0300 IB 12/1500 28 12/1700 J 13/0700 AC* Swan 174A ***** 14 /1000 IB 12/1500 3 13/0700 4 13/1200 ACX Viott 048B ***** Ti '2359 1A
        1,320 words
      • Article
        AT CONVENTIONAL WHARVES
        825 39 Kwwl ¥tr H» Birth Daparturi Junmg Port Bab* Safc*u 06,02/95 B aonpide 13 06/2345 38 006/B J8 1306/0600 Dong lout 1 6/95 J7/S Awgade 1306/0600 ET OHshore l/B 70 110 alonpde 1306/1600 kwi laya 24/95 J4 alongside 13 06/0600 MM F 12/95 110/11 Hwp« 13 06/1800 Ka«
        825 words
      • Article
        COCKETT BUNKER MARKET REPORT
        849 39 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
        849 words
    • Air & Land Transport News
      • Article
        Lock icon HK car dealers fear govt measures may trigger slump
        460 40 SCMP HONGKONG The retail recession in Hongkong is biting deep into car sales, and the industry is seriously concerned the government's plan to restrict the number of vehicles will trigger a full-scale slump. The size of the fall this year was
        SCMP  -  460 words
      • Article
        Lock icon Airbus to announce two new orders
        207 40 Reuter LE BOURGET, France European aerospace firms were set to hit back against the United States yesterday in the undeclared war for commercial gain being waged at the 41st Paris Air Show. The Airbus Industrie consortium, the standard bearer for European plane manufacturing, was
        Reuter  -  207 words
      • Article, Illustration
        Copter makes successful test flight
        115 40 Paris Air Show SINGAPORE A light helicopter partially developed by Singapore Technologies Aerospace (STAe), made its first test flight on Friday at Marignane, France. The successful test flight was announced yesterday at the Paris Air Show '95. The EC 120 is being jointly developed by
        115 words
      • Article
        Lock icon Europe plans to use air navigation satellites
        184 40 Bloomberg Business News PARIS Three European organisations said they are preparing to use navigation satellite systems for guiding airplanes over "European skies, eventually eliminating the need for ground-based navigation systems. The European Space Agency, the European Commission, which is the executive body for
        Bloomberg Business News  -  184 words
      • Article
        Lock icon Manila rail ready to fire strikers, hire replacements
        140 40 AFP MANILA The general manager of the Philippines' only overhead railway system said here on Monday the railway was ready to fire some 800 striking workers and hire replacements. Geraldine Carlin's announcement that the strikers would be fired comes after they defied
        AFP  -  140 words
      • Article
        Lock icon China Airlines, EVA Air to buy Boeing 777s in US$1.1b deal
        287 40 AFP WASHINGTON Taiwan carriers China Airlines and EVA Airlines signed letters of intent here on Sunday to purchase Boeing 777s in a deal worth more than US$l.l billion (S$ 1.53 billion) to the US aircraft giant. US Transportation Secretary
        AFP  -  287 words
      • Article
        Lock icon Alaska plans US$2b road expansion, repair programme
        210 40 Reuter ANCHORAGE Alaska governor Tony Knowles is seeking more than US$2 billion (SS2.B billion), most of it in federal funds, to expand and repair Alaska's weather-beaten network of roads and trails over the next 10 years. With Congress threatening to curtail highway spending
        Reuter  -  210 words
      • Article
        Lock icon Emirates airline to borrow US$700m
        130 40 AFP DUBAI Emirates airline, Dubai's official carrier, will borrow US$7OO million (***** million) from a consortium of banks to finance the purchase of seven Boeing 777 aircraft, its chief said on Sunday. The British Export Guarantee Bank has agreed to underwrite the loan, for which
        AFP  -  130 words
      • Article
        Lock icon Ex-chairman of Toyota Motor dies
        142 40 AP TOKYO Masaya Hanai, a former chairman of Toyota Motor, one of the world's top three automakers, has died of kidney failure, a company official said yesterday. Fie was 82. Mr Hanai became director of Toyota Motor Co in 1959, and is best known for
        AP  -  142 words
      • Article
        Lock icon Peugeot Citroen warns of sales slump
        188 40 Reuter BRIVE, France The head of PSA Peugeot Citroen SA warned of a slump in sales of French cars if the government does nothing to cushion the effect of the expiry of a state subsidy for car buyers at the end of the month.
        Reuter  -  188 words
      • Article
        Lock icon Firm to sell Atlas and Proton services
        73 40 Bloomberg Business News PARIS Lockheed Martin Corp and two Russian companies unveiled the formation of a company to market commercial Atlas and Proton launch services worldwide. The venture, announced during the opening day of the Paris Air Show, will link Lockheed Martin, Khrunichev
        Bloomberg Business News  -  73 words
      • Article
        Lock icon Taiwan signs copter parts deal
        58 40 AFP TAIPEI Taiwan has signed a contract with US-based Sikorsky Aircraft to produce components and parts for the proposed S-92 helicopters in Taiwan, the press reported on Sunday. Lin Wen-li, Taiwan's chief of the Aero Industrial Development Centre, signed the agreement with Sikorsky on Saturday
        AFP  -  58 words
      • Article
        AIRCRAFT ARRIVALS & DEPARTURES
        1362 40 AIRCRAFT ARRIVALS DEPARTURES cmj ra** n* hk« n» ftrr" GW2 2310 n i!liUl QF81 1930 QF82 2055 SO228 2120 tatMa KL831 0925 GA974 0020 SQ327 1530 KL844 0040 GA897 1605 KL838 2300 SQ26 2356 AMw» SQ348 2250 JUcMaM SQ286 2040 SQ288 2045 NZ74 2340 1wl In—■ Bt421 1100 SQ182 0915
        1,362 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      31 27 SKANDIAVERKEN Manufacturer of 4 strokes Diesel engine parts sen/ices for; B&W Series 23 and Series 28. For prompt quotes services Pis contact Sole agent (S.EA)Blue Marine Tel: *****13/*****09 Fax: *****20 j
      31 words
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      Page 27 Advertisements Column 2
      33 27 Your Choice, Your Satisfaction Tel: *****55 Fax: *****60 Pis see Pa 3 for schedule Time to temper hope with reality: Page 2 HK car dealers fear govt measures may trigger slump: Back Page
      33 words
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      1593 28 J BULLETIN BOARDI ——for Folar'e international h I Polar Alr'e new and freight forwarder T |U T•• Q'nnnA-hfttfMßfe y 4 ||17 f i M a UH| customers in Hongkong. Prior H I |WU UfldW TaCoO In AOia to joining Polar Air Cargo m flba l?olar r as Mr English served
      1,593 words
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      Page 28 Advertisements Column 2
      188 28 Line* and services represented by /fflSm&S. Mmbw of the Oanjatry of Accredited I Shipping Agents, Singapore National Chinn»«i n I •anftialioii snipping Association. v for advertising enquiries, contact Shipping Times: Tel 740-2089 v3|l3 PORT SHOTSj The latest in sea, air and land transportation Shipping Times Monday to Friday S BuanessDroes
      188 words
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      1023 29 FOONG SUN J g\ SHIPPING (PTE) LTD WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 •OOKMCMMQUWMKS CM NOi 10MM*****W RL: *****55 (12 LINKS) Xs *****16/*****25 TLX: R*****0/***** F66HIP VESSEL VOY ETA ETD DESTINATION SFDAOUO 8/96 IN PORT 15/6 SURABAYAAJJ PAOANG F KHALIO 10/95 IN PORT 14/6 SEMAAAN&CIREBON FDAOUD 8/95 IN PORT
      1,023 words
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      Page 29 Advertisements Column 2
      1358 29 m »nyp u* m—« sam— JjaL-l j* Iw« |mIZ NBMY HUDSON MBDGf 8U 15/04 /lt/04 02/07 04/67 05/07 00/07 *>/*> */*M MicuniwmiY 62A 22/06 /23/00 W/07 11/67 11/67 13/6* I 'V* 7 wowxiro m w/at /ao/oi 10/w i«/ 07 19/07 M *i /ay i AtUGATOK TWUWfW 64A 00/07 /07/07 23/07
      1,358 words
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      Page 29 Advertisements Column 3
      779 29 0 HANJIN SHIPPING SSfS? 108 SSSSS" 237 OPERATION TEL: *****41-253 TEL *****71-276 SsBss&s rSI iSsT MSuMCHUNotwim ran ng&«. &&s$ BSSESS2?" SI 2251 *2 }}n J52 HAMJMIQJMSAH 117E ZM H NEWrORXMIE Tin nn nn STrS wr£ct nn t\n nn meet horizon omi im m europe rk m m m hamm! vn
      779 words
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      Page 30 Advertisements Column 1
      979 30 KS& VOT NMI HMM Ml IMA SIH fOM W IW lit p»MM» pThT H/5 21/S !4/> Wt "W%~ Wl —V* ViS WL ag —H?r- 31/5 JjjC]fc^ I ri£.JaLT r -ir WW* iiw-m yr~ gl Hptowowts n/<n yi 1A _M 5 2Zi 4 *y* -2£— -p—"S™ 157™ ™W amttBEXWES ltma I3Z
      979 words
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      Page 30 Advertisements Column 2
      1017 30 I NOR ASIA uS^| M VALUE sum TIM IM7 26*7 IM7 M*7 IM7 I»*7 M*7 17*7 17*7 11*7 I KA ENDEAVOUR S29W Ml 17*7 IM7 22*7 MI BMJ JJJJ J?* 7 2M7 I MMHONMBM W7-S 12*7 EIM 21*7 EMI E7M EMI M*l MM |7M EM7 N*7 VUML VOY 8M CUM
      1,017 words
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      Page 30 Advertisements Column 3
      568 30 AJ JAPAN/MONQKOMQ/STRAITS RCOULAM SERVICE J LOADING FOR PORT KLANO/PENANO-a ffna m tftm rmmm wa ipm r MBJWMJTMA 1 "Si MPT pmowm j as art mjmw HAT AH 11 Mjun mn 14 JUW jm JUPTTBt I 14JUN 18 JUW BtfTBWMBM W 18 JUW HM *g WTO MM a H JUW a
      568 words
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      1260 31 f |nV STRAITS SHIPPING PTE LTD ammg amJ 11Cl,,a# Rlli #11 1 Tawaf Slofaporo 0208 Tel: *****88 Fax: *****17 Ud:IHIJAJ.U.| |.I!IM lll'll'Hl IH'IMI NBW GUINEA PACIFIC UNE i £jVS& ia service of chin* navigation co) I- cargo due sails rQrMV CJiMAH VHIM Mm, KX 13 JM liPOft 14AM PQLLCI OOInAiMAIBIRUKIItXMMniTOMMANMOUMU
      1,260 words
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      Page 31 Advertisements Column 2
      2306 31 B&O PMContainen (Singapore Agencies) Pte Ltd First Class Connections WORLDWIDE wSnM.VekK^jSm?nocs 7517 CR Number *****9 *****Z «XFORT IMPORT ~M WMML VOV |*#M 4 W4 ~W SOU ANT ROT HAM OOT MM LSH arsMAERSK MO* 12/06 ivoe 18AM 03*7 06/07 07/07 VBBBBL VOV ZBB OOT ROT HAM MM SOU LW ALQ
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      753 32 rair f is r ss ssss" I KUTiHn I4A 14/7 H/7 18/7 15/7 11/7 I.QLEAMY RE-BM ISA Sl* 21A IA MA J7A MA I u*—ma emm to um mm amhuo. comhiaaih. aonMHuwa. bwoabi hbhwo, malmoe. itockhoua. w—h. 1 I Id m Ltf FOS BCM VLC TBS LCA PM llf FOS
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      Page 32 Advertisements Column 2
      566 32 viwa my a» m m «■m an tm un corona m«» ms mm 25 n mm mm UM ONWARO OS3-CITW ?c« BMP 3W M 97 M UH CHART ttSMCJW »M M«7 MJ JJg JM 12/07 t2«7 UK CROWD HHM M«7 W 17 7 IM7 IMT IM7 IM7 ALttACgFTICFaTOOOHA INARJAH JEKIALiWAW
      566 words
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      Page 32 Advertisements Column 3
      456 32 Q3 wcirainxuwiM >o«if wpwlto W TEL: *****33 (12 UNES> K FAX: *****18/*****03 M TELEX: RS ***** ROMP a UnM) OH MO: 11)*****0006 4 |r (NotfoMl Liw ot ACCEPTING FCL ANO CONVBITIONAL Vmil toy iTA llufcßlif i apw« I'M mil AfcbeyWoru 44W6 12/07 fmZ!SmSmm Atyot 41WB IMS I B hum use;
      456 words
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      Page 33 Advertisements Column 1
      2106 33 j '..Is** mnara«B.MrnßMM£ "?1%»5(B HAMBURG P 1 .fc:/**afe.... I tou»«mMOT/<|M(i ni|ii<«f|. miiM JfJ A T >r 'A SZLTIL-M «NW Ottnnu Cftn~r awn cojTAßjHifPme m ltd {SMSST £SSJ?S£r ,ixzr-'""'" H a££ss swar-" sass* csk? wasr" I M BtT HO: mt-HtHU X COSTAH ASCKCItt (HI SON IHO J 1 M: $7SS3IIH/117 hi.
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      Page 33 Advertisements Column 2
      703 33 I (tg FAMOUS CONTAINER UNES I yjfam 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 I y HOT LINE: *****33 (30 UNES) I GOTHENBURG/SCAN 19/06 ROTTERDAM 16/06 I AARHUS/COPENHAGEN 19/06 HAMBURG/BREMEN 16/06 I MARSEILLE/FRANCE 14/06 FELIXSTOWE/UK 17/06 I BARCELONA/SPAIN 14/06 LEHAVRE/FRANCE 19/06 I GENOA/ITALY 17/06 ANTWERP/BELGIUM 15/06 I LOS ANGELES/WC/IPI 16/06 SYDNEY/MELBOURNE
      703 words
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      903 36 HfiSBSBB [VESSEL I VOY I SIN JKT "I [VESSEL I VOY BHATRA BHUM 838 Wd 14/8 St 17/8 THANA BHUM "SiST "T55 M 16/6 T WANA BHUM MM St 17/8 Tu. 20/8 KOTAJADE JAOCn_ 14* "L_ H 17 V.RABHUM 1368 Moo 19/8 Thti 22/6 BUNQA SEBQJA 59?Z £-"SI iST "ST
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      Page 36 Advertisements Column 2
      753 36 79 AM6ON ROAD, *21-01, SINGAPORE 0207 TEL: 2203M2 FAX: *****67 CR **********0W STRAITS SHUTTLE SERVICS p ORT KLANO PENAHQ m wo. *wa Ivor I w 396W 1506 THU I&Q6FRI U LHOTSE 5033 0706WEQ OftOBFRI SEALAURgT "US ISO6THJ 17 *»S*T I ***** 0908 FRI UfitflU mJiqre IM6SUN 19K6MON 1 LHOTSE 5034
      753 words
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      Page 37 Advertisements Column 1
      591 37 MYANMA FIVE STAR LIME (Myanmar National Lino) \W Loading lor Yangon (Rangoon) S-pora P.KH PEN PG4( MAWUUHYWO VMW SID PAGAN V22OW SLO MYOHAYWA VISBW 2808 MALAYSIA AOENTS: BOUSTEAD SMPPMO AOENCKS KUL: TEL 12-43-***** M PKL TEL «2-43-*****81 PEN: Til 12-84-*****82 P00; TEL 82-87-*****21/4 NIGERIAN NATIONAL SHIPPING LINE SPORE FOfl TBN
      591 words
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      Page 37 Advertisements Column 2
      928 37 ADVANCE CONTAINER LINES (PTE) LTD A 140 CacN Street *****)0, PIL BuHdhtg, Singapore 0108 fl| I TEL: *****21, FAX *****18, TELEX :RS ***** ACLPL 2CR NO. **********06 —a y hßk* sffssji iw .f—. M I VOY tH MM |M VHBL VOY I WW Wl waniirrr-"' 11/n ma» Uwhpah pk»l I
      928 words
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      Page 37 Advertisements Column 3
      764 37 **********7 J VESSB-S VOY LE HAVRE IiAAWURO THAMES ROTTERDAM ANTWERP VLLED* AOULA AO9W IftW 10/07 12*07 14*07 18*07 18*07 WLLE CHYDRA ~HO9W 27AM 18*07 20*07 22*07 23*17 34*07 VBLEDELYRA YO9W 04*07 28*07 27*07 28X07 3G07 31/07 vlleoevela vmv 11*07 oi*QB oaw o&oe oaxoe arm ALSO ACCEPTING CARGO TO ALL U.
      764 words
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      495 38 mk mam A Hairatan, Torghundi, Islamqala (Doqharun) Iwlcfelwl C.1.5./RUSSIA: Alma Ata. Ashkhabad, Baku Dushanbe. Irkutsk Khabarovsk Krasnoyarsk, Korsakov, Moscow, Militzer& Munch j Novosotxrsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny I International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang. Nampo MPMIIIiIfM express container service ■U|H to WEST COAST SOUTH AMERICA ALSO ACCIFTINQ
      495 words
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      Page 38 Advertisements Column 2
      536 38 mm MN inc g TnnSffroauum SMSSSlSmw*''" «WW*WI»M I ASIA HKG/TWN/BKKI GENOA/EUROPE I PEN PK SIN PEN PKI SIN 5 SAIUNGS/WEEK G'burQ/C'haoen/Sholm/Oslo 14/6 15/6 16/6 13/6 14/6 15/6 Piraeus 23/6 24/6 25/6 16/6 17/6 18/6 HKG/BKK/KEE/KHH Ldn/Flx/Rtm/Ant/Ham/leh 18/6 19/6 20/6 20/6 21/6 22/6 HKG/BKK/KEE/KHH Genoa/Barcalona/Mareaillas 5/6 16/6 17/6 REKIVHWTO; JPN/KOREA/MANILA 1W
      536 words
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      Page 38 Advertisements Column 3
      406 38 STRAITS/JAPAN/STRAITS SBMCE 1 MULTI-PURPOSE RORO CARRIER I SPECIALIZE IN HEAVY UFT CARGO UPTO 120 TONS I RAMP CAPACITY UPTO 50 TONS I liu Ira ioammk* II vtssa VOT sw w OtAMGf SKY n 14/4 IANGKOtII/IBCMNII/1 I YOKOHAMA »/t I COSMK UAMI SI 11/* 11/* PWANCII/4 I MAS 4 11/4 14/4
      406 words
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      127 39 REGIONAL WEATHER LfGCNO: Vv^T 100 ""woothor diction with tpnd in knot* H in Wnwa hoiM Cloudy Sky wiod* or* indicated by arrows wkidi Hy with tfco wind Ono M crdo ropro*ont* catm or ight and vahaMo wind* i_*. Ono half flocho roproMnt* 5 knot* I—- Ono M ftocho roprotont* 10
      127 words
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      12 40 ME ME (R) LION Bounding To Bangalore Dashing To Delhi Every Sunday
      12 words
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      58 40 M.V. "SINAR ANITA" VOY 2 ARRD STH JUNE 19*5 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 14th June 1995 0900 1200 hours at PT2. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai
      58 words