The Business Times, 22 June 1995

Total Pages: 46
1 46 The Business Times
  • 12 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Thursday June 22 1995 85*
    12 words
  • 72 1 NEW YORK Blue-chip stocks drifted lower early yesterday. Wall Street was weighing Fed chairman Alan Greenspan's comments on Tuesday on the economy, against the backdrop of the Fed's "Beige Book". But at Ipm EDT, the Dow Jones average was up 14.87 points at 4,551.60. In the
    72 words
  • 166 1 Stock market indie** Wednesday Change STI1 2,120.54 4.0 KLSECorap 1,064.13 9.02 NUtkei 14.9S1.21 +285.51 Hang Seng 9,243.67 -35.04 SET Index 1,403.31 +6.04 Jakarta Comp 486.37 -1.58 Manila Comp 2,793.41 -17.2 Taipei WP! 5,238.79 -78.25 Seoul Comp 878.82 -5.53 Bombay BSE30 .3,375.70 -8.62 CLSA China B 783.21 -2.20 Awt All Ord
    166 words
  • 360 1 Move will soak up excess liquidity and prop up interest rates MBT, Bloomberg Business News KUALA LUMPUR The Malaysian central bank is expected to issue a tranche of Msl billion (***** million) worth of Bank Negara Bills (BNB) next week to absorb excess
    MBT,; Bloomberg Business News  -  360 words
  • 453 1  -  From Teh Hooi Ling in QtNGDAO, Shandong A SINGAPORE property group yesterday signed a contract to build a I.S billion yuan (about Ss27o million) mixed development project in Qingdao, Shandong. The project, to cover a total site of 430,000 sq m, will include
    453 words
  • 131 1 SINGAPORE'S aim is not to be the number one foreign investor in Shandong Province, China, bat to act as a catalyst to draw in more investments from other countries, said visiting Minister of Trade and Industry Yeo Cheow l ong yesterday. His
    131 words
  • 243 1  -  By R Sivanithy SINGAPORE Regional stocks yesterday turned in a reasonable performance, following increasing signs from the US that an interest rate cut could be on the cards. Interest in Singapore stocks, however, was muted, with attention focused largely on Malaysia. It was gains
    243 words
  • 427 1 AFP TOKYO A self-described member of the Japanese doomsday cult Aum Supreme Truth hijacked an All Nippon Airways (ANA) jumbo jet yesterday and demanded the release of Shoko Asahara, the Aum guru chief charged with masterminding the nerve-gas attack on the Tokyo
    AFP  -  427 words
  • 530 1  -  From Ho Kay Tat in KUALA LUMPUR TOP executives from international fund management houses and stockbroking firms will be all ears today when they engage Malaysian Deputy Prime Minister Anwar Ibrahim at a special dialogue called to brainstorm ways to turn
    530 words
  • 296 1 Bloomberg Business News WASHINGTON The US economy continued to lose steam heading into June, with a marked weakening in demand for cars and other consumer goods, the Federal Reserve said yesterday. Inflation, meanwhile, remained under control, the Fed said in its so-called beige book
    Bloomberg Business News  -  296 words
  • Page 1 Advertisements
    • 176 1 i Burberrysl -semes* ST Reigns when it pours BT Online Look us up at htt|K// www.asisl.cora.sg/biztinies Jpore News 2 21.22 fegnn* Nms 3-7 Fnano* 25.26 MofWNna 20 Fctlvfi Mi tut i ArtKyss 19 CW/KLSE. StS 30-32 Edrtonal IS tepoMl 2» Sports 8 Wort 29 TV/Urtjd 17 Cumncas 26 Imwwbon f
      176 words
    • 10 1 Why investors are giving Sesdaq stocks a wide berth Pg2l
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    • 8 1 Law: pg is Goodwill is good legal practice
      8 words
    • 14 1 Hock Lock Siew: Pg 21 Choppy waters for Hitachi Zosen Regional markets, Pg 28-32
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    • 69 1 Bottom Line: Pg 20 US needs to rethis&imide^policy j-.i jCERRUTI ISHIgW lunettes Greenspan: a recession will be brief; Pg 20 uji i J ft i^riF I _jJ[| L.. JPHHPF -Jf n ,>^ Boutiques: Centrepoint #01-30 T«1:737 4509 Paragon By Sogo #01-19 Te1:734 9935 Corner*: Metro Paragon Metro Marina Takashimaya S.C.
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 327 2  -  By Paul Leo ACTIVITY in Singapore's offshore market has been frenzied so far this year due to the low interest rate environment, strong regional currencies and narrower spreads. According to the Monetary Authority of Singapore, total assets of the Asian Dollar Market (ADM)
        Source: MAS  -  327 words
    • 377 2  -  By Genevieve Cua INDONESIA is exporting more and more processed and manufactured goods to Singapore for re-export, reflecting the development of its industrial base. An article in the Singapore International Chamber of Commerce's latest annual report said that the
      377 words
    • 118 2 AFP HANOI Two Singapore businessmen have been jailed in Vietnam for trafficking cigarettes, it was learned here yesterday. Koh Yong Kng, a former director of a Singapore shipping company, was jailed for 12 years and Lum Kok Leong for 18 months by the people's court
      AFP  -  118 words
    • 434 2  -  Stanchart woos with lucky draw, Keppel Bank offers personal loans By Shiv Taneja ON THE lookout for new customers, two banks are promoting renovation loans which in February were excluded from Monetary Authority of Singapore guidelines on unsecured personal loans. Standard Chartered Bank and
      434 words
    • 278 2 THE Central Provident Fund Board yesterday issued a reminder on the revised Minimum Sum Scheme which affects CPF members who turn 55 on or after July 1. These members will have to set aside $40,000 of their CPF funds under the scheme,
      278 words
    • 344 3  -  URA tender By Abdul Hadhi FAR East Organisation submitted the highest bids in the latest Urban Redevelopment Authority (URA) tender, which closed yesterday, for two industrial sites of 60-year leases. The bids for one of the two sites Tuas
      344 words
    • 288 3 JURONG East HUDC residents have sent a petition to their MP Ho Kah Leong for inclusion of their estate in the government's pilot scheme to privatise the Gillman Heights and Pine Grove HUDC estates. In a progress report to residents,
      288 words
    • 207 3 THE Hotel Inter-Continental Singapore, which opens on July 19, has about 40 per cent of its rooms pre-booked for its first day of operations and it expects this to reach 50 per cent. General manager Daniel Desbaillets said in a statement that this
      207 words
    • 279 3 TELEVISION Corporation of Singapore (TCS) will launch Singapore's first Mandarin satellite channel in October. The channel, to be beamed through a digitally compressed channel on PanAmSat PAS-2, will offer up to 18 hours of home entertainment, eventually building up to
      279 words
  • Page 2 Advertisements
    • 317 2 S«%r LA F§t 0"$ *'*y s)Jr TIME (S) PTE LTD Teh *****27 (3 lines) Fax:*****21 THE NEW MOTOROLA MRi. AT TELESHOf. All the features of a top-of-the-line GSM Handphone are packed into the new $888 Motorola Flare: The Lightest In Class JJ,LJ I I 1 IV V I J 1
      317 words

  • Page 3 Advertisements
    • 401 3 Discover art with a difference on the 4th floor, |8 I Orchard Point. Here, you'll find museum-quality 4 I porcelain, collector s pieces, quaint sculptures, paintings 2 J I by renowned artists and even home decor ideas. Or, I wander into the Exhibition Hall and simply explore QQQIHQQfijI I Piscove-K
      401 words
    • 119 3 The only family car in its category featuring I a safety air-bag *&£okl 651 Price includes COE GST A world of refinement. A total sense of belts anti-submarine seats, side-impact well-being. A touch structure Renault 19. Functional yet dynamic. rear-head restraint to better protect both Compact yet roomy. And the
      119 words

  • SOUTH-EAST ASIA
    • 267 4 AFP KUALA LUMPUR The Malaysian Industrial Development Finance Bhd (MIDF) has offered to finance relocation of labour-intensive operations out of the northern state of Penang into Indonesia and Thailand, officials said yesterday. The offer came even as foreign investors in
      AFP  -  267 words
    • 301 4 Reuter BANGKOK Telecommunications tycoon turned politician Thaksin Shinawatra is the most popular contender for prime minister among Bangkok voters but his party has fallen sharply from favour, according to a poll published yesterday. Mr Thaksin was the most favoured candidate for Thailand's
      Reuter  -  301 words
    • 424 4 Bloomberg Business News SYDNEY Village Nine Leisure, a joint venture by Village Roadshow and shopping centre operator Westfield Holdings, has been selected to set up a virtual reality entertainment centre in Kuala Lumpur. At the group's first such "intencity" centre
      Bloomberg Business News  -  424 words
    • 308 4 Reuter BLITAR, Indonesia Indonesians, in an apparent protest at government attempts to control the event, jeered officials who spoke at ceremonies early yesterday to mark the 25th anniversary of the death of President Sukarno. More than 10,000 people, including hundreds of supporters of the
      Reuter  -  308 words
    • 67 4 Reuter JAKARTA Indonesia said yesterday that if bilateral talks failed to solve a row with Malaysia over the sovereignty of two small islands ofT Borneo, the case might be referred to the International Court of Justice. The announcement by Foreign Minister Ali Alatas reversed
      Reuter  -  67 words
    • 66 4 AFP JAKARTA Thousands of small and medium-sized textile firms in central and west Java may go bankrupt because of the high cost of raw materials, media reports here said yesterday. "Their (the textile firms') condition is like people facing death," the daily Jawa Pos
      AFP  -  66 words
    • 61 4 AP MANILA President Fidel Ramos said yesterday that he was optimistic about next week's peace talks in Brussels between his government and communist rebels. Mr Ramos said his delegation, led by Ambassador Howard Dec, will leave last night for the meetings with the leaders of
      AP  -  61 words
    • 71 4 Ancx-TNA BANGKOK Thailand is facing tough competition for investments as a result of Indonesia's new Economic Reform Bill implemented last month, the state-run Krung Thai Bank's research division said in a report yesterday. It said Indonesia's more liberalised trade policy lowered import tariffs for 6,030
      Ancx-TNA  -  71 words
    • 58 4 UPI MANILA Philippine President Fidel Ramos yesterday accepted the resignation of environment and natural resources secretary Angel Alacala, the second cabinet member to quit his post in one week. Mr Macala resigned early this week, citing deteriorating health, the same reason given by press secretary Jesus
      UPI  -  58 words
    • 73 4 AFP MANILA Investments in the Philippines' special export zones rose 157 per cent to 15.1 billion pesos (SSBI2 million) in the first half of the year, compared with the same period a year ago, officials said yesterday. Trade and Industry Secretary Rizalino Navarro said the
      AFP  -  73 words
  • Page 4 Advertisements
    • 332 4 IB new Brother Fax 620, with an I system and automatic H H H i 1 cutter irons out this horrible, I irritating problem. H I 'JHf' C V I V*. ,»>-*'■ '•1# i I wi: i I < 1 1 jfciL .-Av f." i: > t .> >. r
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  • Page 5 Advertisements
    • 151 5 Engineered to move the human spirit. nWPlßirfMTiw I Mother Nature gave man the most sophisticated mode of transport. The Mercedes-Benz S-Class merely elevated it. Long held as the pinnacle of motoring excellence, there is no doubt it is also the epitome of elegance, grace and beauty. And yet nothing can
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  • CHINA/HONGKONG/TAIWAN
    • 449 6 AP TAIPEI A string of collapses and bounced cheques has hit Taiwan's highly speculative property market, raising fears of a crash. Since the construction industry's financial troubles worsened in January, the stock market's Weighted Index has plummeted 26 per cent,
      AP  -  449 words
    • 256 6 BEIJING Vice-premier and central bank governor Zhu Rongji urged China's banks yesterday to improve their expertise and increase returns, saying that the country's economic reform is being led by the finance sector. The financial system must be reformed and the central bank
      256 words
    • 97 6 Reuter HONGKONG Hongkong's new Chinese-language newspaper is expecting to lose about HKS2O million (553.6 million) a month at first, said founder Jimnmy Lai. Costs on the Apple Daily are running at more than HKS3O million every month, while advertising income is expected at
      Reuter  -  97 words
    • 103 6 AFP BEIJING China is to introduce an inheritance tax as the number of millionaires in the country continues to grow, a news report said yesterday. The official Xinhua news agency quoted a government official as saying that all "movables, immovables and property rights" would be
      AFP  -  103 words
    • 68 6 Reuter BEIJING Farmers in China's north-west Gansu province have given up hope for the summer harvest as crops wither under the province's worst drought in 60 years, the China Daily said yesterday. More than 70 per cent of the poverty-stricken province's farmland had
      Reuter  -  68 words
    • 109 6 AFP BEIJING China has warned Japan that failure to dear away "fallacies" over the nature of its role in World War II will seriously damage its ties with the Chinese and endanger regional stability. Seeking Truth, a fortnightly magazine published by the Communist Party's
      AFP  -  109 words
    • 312 6 Reuter BEIJING China is unlikely to ease a ban on foreign ownership or operation of telecommunications services this decade despite expected demand-driven growth of 40-50 per cent a year, a senior official said yesterday. Beijing also will adopt unspecified "management measures"
      Reuter  -  312 words
    • 153 6 Bloomberg Business News HONGKONG San Miguel Brewery Hongkong Ltd dismissed IS per cent of its staff on Tuesday in the latest sign that unemployment in die territory is rising, the South China Morning Post reported yesterday. San
      Bloomberg Business News  -  153 words
  • Page 6 Advertisements
    • 470 6 I PRIZED FOR ITS OUTSTANDING K QUALITY A WALLET OF I t DISTINCTION BY OFFERMANN I I CALF LEATHER. SIX CREDIT CARD POCKETS. ID CARD COMPARTMENT. TWO SECRET POCKETS FOR SAFE DEPOSIT KEYS. NAME CARD HOLDER. TWO CURRENCY NOTES COMPARTMENTS. COINS COMPARTMENT. RSP $261.62 INCL GST. *Y «WR' «dllllkfllM A
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  • ASIA
    • 459 7 But analysts doubt effectiveness of new stimuli without credit easing Reuter, AFP TOKYO Japan's government yesterday pledged to come up with measures to boost the weary economy, but analysts and traders doubted the steps would be effective without another credit
      Reuter,; AFP  -  459 words
    • 71 7 Bloomberg Business News WELLINGTON New Zealand's new housing permits fell 6.4 per cent last month from April, following a 7.5 per cent fall in April, according to provisional government figures. The number of permits fell 14.4 per cent year-on-year to 1,796, with Auckland accounting
      Bloomberg Business News  -  71 words
    • 105 7 AFP COLOMbO Sri Lanka is buying Western arms to fight Tamil guerillas who have resumed their separatist war, Foreign Minister Lakshman Kadirgamar announced yesterday. Western countries which previously banned arms sales to Sri Lanka were now ready to sell to Colombo after the Liberation
      AFP  -  105 words
    • 91 7 Bloomberg Business News WELLINGTON The number of overseas visitors arriving in New Zealand fell 3 per cent last month from April. However, the number was 9 per cent higher than in May last year. Deputy Government Statistician Dennis Trewin said 80,020 visitors came
      Bloomberg Business News  -  91 words
    • 427 7 UPI SEOUL Runaway inflation is usually the handmaiden of high growth. But in South Korea, GDP rates are twice that for inflation, creating a separate dilemma: an acute labour shortage. With first-quarter growth at 9.9 per cent on top of last year's 8.4
      UPI  -  427 words
    • 63 7 AFP EMPLOYEES of a local telephone exchange taking part in an indefinite strike with phnari off the hook on Monday in New Delhi to protest against privatisation. The country's telecom network is in disarray as technicians in the Department of Telecommunications refuse
      AFP  -  63 words
    • 320 7 Reuter SYDNEY Australia's share of Asian imports was shown yesterday to be shrinking, despite a barrage of exports to Asia and efforts by Prime Minister Paul Keating to boost regional trade. A five-year trade policy report, released by Mr Keating yesterday, showed
      Reuter  -  320 words
    • 133 7 AFP SEOUL South Korea's Anam Industrial Co, which specialises in chip packaging, yesterday unveiled a US$l billion (Ssl.4 billion) project to build new semiconductor and related equipment manufacturing plants here. Anam plans initially to produce 150 million units of pack- aged wafers
      AFP  -  133 words
  • Page 7 Advertisements
    • 42 7 "I DRIVE AN AUDI BECAUSE EVERYONE ELSE DRIVES A MERCEDES OR BMW... I PREFER TO DO THINGS MY OWN WAY." S H TAN, Chief fz x oc u t i i/<? of an international communications company A r r SJf 0 Z;
      42 words

  • SPORTS
    • 84 8 Reuter BURBANK, California Chicago Bulls' Michael Jordan is taking his one-on-one with Bogs Bunny from TV t0 big screen. The basketball star will make his film debut with the world's most famous bunny and his Looney Tunes buddies in a Warner Bros
      Reuter  -  84 words
    • 105 8 Reuter PATTAYA, Thailand The first-ever Asian PGA tournament tees ofT here today with Asian professional golfers at centrestage for the first time. Asian players hold 127 of the possible 144 starting places at the US$2OO,OOO (*****.000) Asian PGA International being played at the Sriracha
      Reuter  -  105 words
    • 141 8 AFP LONDON Dennis Bergkamp said it had always been his dream to play for Arsenal after he left Italian giants Inter Milan and signed a four-year contract with the north London club for a fee of £7.5 million (5516.5 million) on Tuesday. A host of
      AFP  -  141 words
    • 107 8 Reuter NEW YORK Heavyweight boxer Mike Tyson amid a crush of onlookers and media as he arrived for a press conference in the Harlem section of New York on Tuesday. He announced his return to boxing and will fight Peter McNedy on Aug 19 in
      Reuter  -  107 words
    • 131 8 Reuter PESHAWAR, Pakistan World champion Jansher Khan said en Tuesday he would no longer play in the British squash league again after he was accused of not trying in a club match. "I have informed my manager that I will not play in the UK
      Reuter  -  131 words
    • Article, Illustration
      56 8 <*PUNT, Switzerland Tow of (i«-iu> Hm Zari Taeaday: 1 Pavel Tonkov (Rus) 5 hra 6 mins 34 sees 2 Ate* Zudte (Swi) 1 min 52 sec behind 3 Davide Rebellin (Ita) 3.26 4 Giorgio Furian (Ita) 4.52. Overall staadhwr 1 Tookov 31:13.53 2 Zuelte 0.13s behind 3 Jaskula 4.50
      56 words
    • Article, Illustration
      343 8 EASTBOURNE, E*ha4 Eastbowse moan's creaacovrt tom■ent 2m4 ri am Twsday: 3-Brrnda Schulz-McCafthy (Neth) b Karin Kschwendt (Ger) 64 6-4; 11-Na-thalie Tauziat (Fra) b Nicole Bradtke (Aust) 6-3 4-6 6-4; Christina Singer (Ger) b 16-Miriam Oremans (Neth) 6-2 6-3; 6-Lisa Raymond (US) b Elna Reinach (SA) 6-1 6-1; 7-Marianne Werdel-Whit-meyer
      343 words
    • 664 8 AFP LONDON If historical precedent, current form and the bookmakers are any guide, England stand virtually no chance of levelling the sixmatch series against West Indies in the second Test, starting at Lord's today. The world's most famous cricket ground has not been
      AFP  -  664 words
    • 528 8 Reuter JOHANNESBURG For a snapshot of how Springbok rugby has changed, there is no need to dig back into scrapbooks of the 1960s and early 1970s to study the great men inside the famous green-and-gold jerseys. Far more revealing are the pen-pictures from
      Reuter  -  528 words
    • 658 8 Rugby World Cup PRETORIA Northern hemisphere flops England and France will try to bury their World Cup disappointment with a best-of-the-rest finale here today. There is some consolation on offer at Loftus Versfeld for the winners of the third place play-off an automatic berth in the 1999
      Reuter  -  658 words
    • 536 8 Wimbledon preview Reuter LONDON For a hard man well known for wrecking his rackets, Goran Ivanisevic admits surprisingly readily that he is sometimes a bag of nerves. The gangling Croatian with the biggest serve in the sport has reached two of the
      Reuter  -  536 words

  • INNOVATION & TECHNOLOGY
    • 866 9  -  Will the molecular computer become a reality? Clive Cookson finds out Clive Cookson FT Scientists have long dreamt of creating an ultra-compact "molecular computer" that would store and manipulate information in the form of chemical molecules rather than the electronic impulses
      FT  -  866 words
    • 65 9 Commercial Photo DALLAS What will the answering machine of the future look like? PageNet on Tuesday unveiled Voice Now, the world s first pocket-size answering machine. Like a pager, it receives messages wirelessly, alerting the user by a beep or vibration that a voice message has
      Commercial Photo  -  65 words
    • 469 9  -  Rick Weiss reports on scientific research that tries to make sense out of smell. Rick Weiss Washington Post A lAN HIRSCH has a vision of the future. You can't see the vision. But you can smell it: "Ten minutes before you
      Washington Post  -  469 words
    • IN TAKES
      • 68 9 SINGAPORE Gintic Institute of Manufacturing Technology will hold a one-day Workshop on Process Monitoring and Optimisation in Die Casting on July 21. The workshop will help die casters understand the process conditions, pinpoint process problemsand suggest optimal procedures. Case studies will be included. Call Steven Tong at
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      • 91 9 AP PALMETTO, Florida If sitting at a computer keyboard gives you aches and pains, you may want to check out a new type of wnst rest from Waveco, a Palmetto, Florida-based company. It uses a gel-filled cushion to provide comfortable, non-fatiguing support for the
        AP  -  91 words
      • 62 9 NYT LOS ANGELES A team of researchers from leading medical centres around the US has shown that a painless series of tests, including a simple blood pressure test and a scan of the arteries to the brain using high-frequency sound waves, can reliably determine who
        NYT  -  62 words
      • 61 9 NYT PASADENA, California Probing the heavens with a big radar system, scientists at the Jet Propulsion Laboratory here have captured the image of the asteroid Geographos as it recently sped 1 tU T out to h® a c 'Bar-shaped rock about three miles (4.8 km) long,
        NYT  -  61 words
  • Page 9 Advertisements
    • 256 9 H Profit from MeJi6's corporate facilities ond convenient location on Scotts Road a few mm h*t c steps to the MRT and you're in the heart of Singapore's shopping and business areas. mdIQ**SCQTTS M&ltri *1 Melii at Scotts. 45 Scotts Road. Singapore 0922. Tel: *****85 Fax: *****32 ANOORRA BRAZIL COLOMBIA
      256 words

  • 546 10 A BT Special Advertising Feature Tucked away in the western end of the island, at No 1 Tuas Basin Link, is a car enthusiast's candy store, where a genie's three wishes could be used up in a blink. The 28,000 sq ft facility houses
    546 words
  • 817 10 FOR more than half a decade, the name Ruf has been associated with top-notch quality and craftsmanship in the automotive industry. Ruf exoticars like the CTR and BTR have become the pacesetters among road-legal sports cars. But like many other big names, Ruf had its humble beginnings. In 1939,
    817 words
  • 321 10 YET another company set up to tap the synergy of the customer base for both Ruf and Aston Martin is Eurodirect Pte Ltd. A specialist company for a very special product Jankel Limousines. With an eye on a specific niche market, Jankel International has become the world's leading
    321 words
  • Page 10 Advertisements

  • 788 11 IT IS more than 80 years since Lionel Martin and Robert Bamford began their partnership in London selling Singer cars. Their success prompted them to build their own car. It was to be called Aston Martin, the Aston derived from the Aston hillclimb where Martin had competed in
    788 words
  • Page 11 Advertisements

  • Page 12 Advertisements
    • 196 12 Ruf Automobile GmbH I I I < I Then!!! Ruf in Europe, U.S.A. and Japan Now!!! Ruf in Southeast Asia i I It has long been my desire and goal that the special cars we build I in Pfaffenhausen Germany, will reach out to all corners of the world. 1
      196 words

  • Page 13 Advertisements
    • 353 13 Our Congratulations to I Automobile (s.e.a.) pte ltd and Martin Lagonda (s.e.a.) pte ltd ****'""*'A MOMENTOUS OCCASION FOR OUR GOOD WISHES, AND CONTRIBUTIONS TO THE DYSLEXIA ASSOCIATION OF SINGAPORE AND ST LUKE'S HOSPITAL FOR THE AGED STRAIGHT FROM THE HEART The innovative Express Car Loans j On-the-spot approval for new
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  • Page 14 Advertisements
    • 267 14 By Acporrtment to Ha ftoyat Highness me Pme» cX Wain Motor Car Manufacturer and Raparar ASTON MARTIN LAGONDA LIMITED ASTON MARTIN DB7 Congratulations! My colleagues and I at Aston Martin Lagonda Limited extend The all new DB7 is a car of considerable finesse, and joined by the our heartiest congratulations
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  • THE LAW PAGE
    • 915 15  -  For more than two years, Steven Welchons posed as a popular public defender in New York. Carey Goldberg reports Carey Goldberg NYT HE fooled his wife. He fooled his clients, more than 1,000 of them. And he fooled the legal establishment in
      NYT  -  915 words
    • 1 W I
  • Page 15 Advertisements
    • 49 15 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
    • 207 15 could be more exciting than a hole-in-one? Tradewinds' two-in-one! two great Australian golfing holidays back-to-back. Imagine yourself teeing off at HHflHf[|f|HNl||||9Hl|l|liHHjH)j|jM but seven of Australia's finest golf courses! Playing in warm-up games leading to the actual tournaments. In between, you'll have time to explore the fascinating wildlife down under. (And
      207 words

  • Page 16 Advertisements
    • 344 16 Budweiser i jgs-. The All Naturally Brewed Beer, where to wine, dine and entertain -ji M TH€ MOST AUTHENTIC fTflUflN PftSTfl Si PIZZA IN TOWN EfroW OPENj) [Is] I —Mjw ea PASTA FRKSCA DA SALVATORI W1 lII^Bf IJUUJAI 77Bpp»Ea«CMlbd#DI-01/n5(1545) >7 W. Lgg*SJ UMJSmIHIM All-You-Can-Eat Taiwan Porridge Daily Lunch Dinner Choose
      344 words
    • 263 16 COSMOPOLITAN FARE JCy* A■ VTWii ■■■i^^HiHlC2B®k-iiJSE!LJL?^SH—ZIHBBBL—JOI At Cafe Carousel Feast as much as you can from a wide VARIETY OF DELECTABLE CUISINES FROM ALL OVER THE WORLD. 16.80 (lunch) $18.80 (dinner) PRIONS SUBJECT TO 10% SERVICE CHANGE, 1% CESS 3* GST Js4t, (carousel 14 Aminmffee *—M HOUI.HVARD HCTFL SINGATORH 21)0
      263 words
    • 321 16 Super Prizes for sth or an extra challenging 2-in-l PLAZA HOTEL riAZA r«CIMC HOTIIt 1 lISOITI HFA< H ROAD SINOPOWO7I9 Til *****11 Rang Mahal proudly presents a special Executive Set Lunch for the mere price of SS2o.oo+++ per person. Feast on Tandoori Paneer Tikki or Tandoori Chicken, Jeer a Aloo,
      321 words
    • 342 16 =^51 fancy 'Beijing? Then, we're delighted to suggest the fine Court for a memorable dining experience. Our lunch menu offers a variety of dian xin Beijing dumplings, a selection Ff"lff of set menus, and 'Beijing specialities suck as Heijing Due<Ba/(fd Tench and Bhmctwt Marinated Lamb, fancy some nowf RE^/MJRAOT MaitJartn|JJ
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  • LIFESTYLE
    • 516 17  -  Benjamin Loh reviews the concert by American pianist Constance Keene on Tuesday Benjamin Loh American pianist Constance Keene, who was in Singapore as one of the judges at the recent National Music Competition, gave a recital of works by Bach/Tausig/Chasins, Rachmaninov and Chopin on
      516 words
    • 137 17 AP AP AWARD-WINNING violinist Christine Thomas flew to London from Germany on Tuesday to make sure she got a shot at the Stradivarius on the block at Sotheby's but she couldn't see over the shoulders of other bidders.» But her mother, Elisabeth Thomas, fought off fierce bidding
      AP; AFP  -  137 words
  • Page 17 Advertisements
    • 229 17 Friday <& Saturday 6.30pm 10.30pm $26.00 (Adult) 14.00 (Child) •fHwpm— «pllr*to|iiiOT—mm. GCT: 24 Mount Elizabeth, Singapore 0922 Tel: *****88 Fax *****66 A Mtmk*r For Em* Orftuuutitt Ming Garden Health Centre Enjoy an invigorating massage to soothe away those tensions by our specially trained and vJH charming masseuses. JPIn& M Well
      229 words
  • Page 17 Miscellaneous
    • 366 17 i Stopper*: Showers over several areas in the late afternoon and earty evening. Temperature (26-33*). ffVJ" WW Cm*. Buenos 12/03 Shown Auc*and ll** C>n»x>|i 17/12 Suwiy Chicago 27/17 Tactm Banouh JV24 T norm Athens 31/21 Cloudy HoratAj 27/22 Cloudy 33/22 r*om Berto 19/09 Sumy Houston 27/22 T storm 34/28 ?—*T
      366 words
    • 782 17 I TV RADIO Martha Graham: The Dancer Revealed, 10pm, Ch This biography the choreographer works features ex- f cerpts her creations. Rugby World Cup, Ilpm, Ch 4r The play-oft to decide the third and fourth placings sees Eng- I mt land pitted against France, who tt jK~, lost by four
      782 words

  • 547 18 "T E are all Polynesians," young anarchists chanted in Paris this week as they vented their Wf Wr uncompromising opposition T to the new French government's decision to resume nuclcar testing in the Pacific. The anarchists articulate if inevitably unruly put it well. Nuclcar politics is
    547 words
  • .
    • 379 18 THE Asean Cooperation Plan on Trans-boundary Pollution, adopted by its environment ministers in Kuala Lumpur last Saturday, is a commendable effort. While it also addresses problems caused by movements of hazardous wastes and ship-borne pollution, its focus is clearly the haze, which has become a recurrent
      379 words
    • 96 18 STRONG political will and sustained efforts at controlling trans-border pollution, including haze, are the hallmark of the recently ended Asean Environmental Ministers Conference in Kuala Lumpur. Apart from the six Asean nations and other regional countries, the cooperation can benefit from developed countries which are more experienced
      96 words
    • 146 18 THE annual G-7 summit ended last week in Halifax. It would be wrong to say that the summit achieved nothing, but the fact is the meeting was uneventful. It did not make headlines around the world. This is partly because the G-7 countries, supposedly the
      146 words
    • 99 18 "NOBEL peace laureate Aung San Suu Kyi turned 50 yesterday. Even while under detention, sacrificing her life and facing extreme loneliness, her struggles for democracy and human rights have been active," said the All Burma Students' Democratic Front in a press release commemorating Ms
      99 words
    • 128 18 TWENTY-FIVE YEARS after his demise, the memory of the late president Sukarno still looms over this country's political scene. Last week's decision by the East Java provincial authorities to take charge of the commemoration in Blitar of the 25th anniversary of his death was the latest indication of
      128 words
    • 138 18 WASHINGTON'S move to consider resuming underground nuclear testing makes a mockery of its previous protests against similar actions by China and France. It was only last month that the US backed an extension of the nuclear Non-Proliferation Treaty, including a commitment to conclude a comprehensive test ban treaty
      138 words
  • 809 18  -  Wider use of Japanese currency is a matter of self-interest, reports Anthony Rowley Anthony Rowley The writer is BT's Tokyo correspondent A GROWING and influential body of opinion in Japan is pressuring the government to encourage the trend among many Asian countries to
    809 words
  • Page 18 Advertisements
    • 177 18 MIS vr Fish Head Freshness GUARANTEED Or Your Money Back ■■MK jr *m~jL r -<«■■■■■■ v j' Yfc. lni io\ I Only at Ramu's Curry Ai Ramu's Curry, you enjoy not Ramu's Curry Thomson only the most delicious Angoli The first and original Ramu's Curry restaurant Fisn Head Curry cooked
      177 words
  • Page 18 Miscellaneous
    • 44 18 eavesdropping is ooe) just -rvte -rfeA VJep» lpoy.. y \pF THE- PefcKS y (*rgg ~f DOONESBURY qarry trudeau iJmi££p HOWMOKTIFYINS! I J GU&S T JUST JUMPSP I W^&Z^WHH^H S2S- 2?iST THOuamwMZS I/romS/P^^*^ >wr,/M4v." am#ontom. fUJ J AWT* TALK ABOUT «K3 DON'T WANT x WN&rJMV'
      44 words

  • ANALYSIS
    • 770 19  -  President Yeltsin s use of force in Budyonnovsk may prove to be his undoing as Chernomyrdin's flexible approach takes over, says John Helmer John Helmer The writer is BT's Moscow correspondent UNTIL the bloody Chechen takeover of Budyonnovsk, all that was remarkable about the
      Reuter  -  770 words
    • 946 19  -  Quick return to capital markets after its debt crisis surprises the financial community, reports Richard Lapper Richard Lapper FT THE gloom that has engulfed Mexico since the country was plunged into financial crisis six months ago is slowly beginning to lift. This month's US$3OO million (SJ4I7
      FT  -  946 words
  • Page 19 Advertisements
    • 204 19 fc 4 i ■T'VH \V COOL, COMFORTABLE, HAIR-RAISING OR NON-IRONING, SUPER ABSORBENT STAIN-RESISTANT, AND OH-YEAH, EYE-BROW RAISING. •or? Now that's the problem with business smoothness, shirts. They're either nice, smooth, neat neatness and and dust-attracting (not to mention ironing-free •—< V-" V" <— hair-raising due to static properties of •t•
      204 words

  • 489 20 Bloomberg Business News WASHINGTON The broadest measure of US trade improved during the first quarter even as the merchandise trade deficit widened, the Commerce Department said yesterday. The current account deficit, which tracks trade in goods, services and investments, declined 6.4 per cent
    Bloomberg Business News  -  489 words
  • 76 20 AFP CAIRNS, Australia Tom Pyne, mayor of the far northern city of Cairns, licking a stamp to mail a stuffed and lacquered cane toad to French President Jacques Chirac in protest against the French government's decision to resume nuclear testing in the South Pacific. The
    AFP  -  76 words
  • 233 20 AP WASHINGTON The US economy could be headed for its first decline in more than four years, Federal Reserve chairman Alan Greenspan said on Tuesday. But he hinted that any "modest near-term recession" could be brief and said fighting inflation must
    AP  -  233 words
  • 225 20 AFP MOSCOW The Russian lower house of parliament yesterday punished the government for its handling of the hostage fiasco in southern Russia by easily passing a vote of no-confidence. With broad support from communists, rightwing nationalists and reformers, it was the first time the
    AFP  -  225 words
  • 345 20  -  From Florence Chong in WASHINGTON THE United States expects to get a positive ruling from the World Trade Organisation when it files its case against Japan over access to the Japanese market for cars and car parts, says Deputy US Trade Representative Charlene
    345 words
  • 298 20 Bloomberg Business News WASHINGTON The Federal Reserve Board plans to propose new capital rules for banks that actively trade currencies, commodities and debt securities. The proposal, expected to be issued at an open board meeting later today, will be
    Bloomberg Business News  -  298 words
  • 777 20  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor WITH American tariffs of 100 per cent against Japanese luxury cars due to come into effect next week, some of the trade policy hawks in the
    777 words
  • 480 20  -  By Yang Razali Kassim SINGAPORE The Apec secretariat and the United States embassy here yesterday issued a joint statement to further dispel impressions that the US is backtracking from an Asia-Pacific free trade plan. The statement came a day afier the
    480 words
  • 84 20 Keuter PARIS France's National Assembly is to launch a parliamentary inquiry into sects to decide whether new legislation is needed to cope with the growing phenomenon. The Assembly's legal committee yesterday said a commission would be set up to investigate possible infringement of the freedom of sect
    Keuter  -  84 words
  • 54 20 Bloomberg Business News LONDON Britain's trade deficit with countries outside the European Union unexpectedly widened in May as exports fell 1.5 per cent, the first decline since December. The deficit swelled to £607 million from a revised £516 million in April, the Central Statistical Office said
    Bloomberg Business News  -  54 words
  • 86 20 Reuter BONN German Finance Minister Theo Waigel (right) wants to start talks next year about reducing Bonn's contributions to the European Union although he accepts that no changes would be made until after 1999. "The current distribution of financing burdens in the European Union is not
    Reuter  -  86 words
  • 78 20 Reuter PRAGUE The Czech parliament has approved a government proposal to unilaterally end a trade clearing agreement with former federation partner Slovakia, set up following the split of Czechoslovakia in 1993. The Czech CTK news agency yesterday reported that the cabinet decided on June 7 to
    Reuter  -  78 words
  • 89 20 AFP PARIS A panel of experts has concluded that Alcatel CIT, the telephone unit of Alcatel Alsthom, overcharged France Telecom, the state telecommunications mo- nopoly, by about US$l35 million. The panel's report, which estimated the overcharging at US$l35 million for 1991-93, was delivered last week to prosecuting
    AFP  -  89 words
  • 75 20 Bloomberg Business News BRUSSELS The European Commission yesterday said it will push for an international ban on the dumping of oilrigs at sea following Shell UK's decision not to scuttle an oil platform in the North Atlantic. Ritt Bjerregaard, Commissioner for the environment, said Shell's turnaround
    Bloomberg Business News  -  75 words
  • 65 20 Reuter MOSCOW Russian capital scared away by high inflation and instability is making a comeback on domestic equity markets, thanks to a fall in dollar returns and Treasury bill yields. Bankers and officials yesterday said that with the rouble near three-month highs against the dollar, and signs
    Reuter  -  65 words
  • 81 20 AFP LONDON Evacuation procedures went into operation for the first time in the Channel tunnel late on Tuesday after more than 100 passengers were stranded for an hour-and-a-half on board a shuttle train. A spokesman for the operator Euro- tunnel yesterday said the incident had occurred after a
    AFP  -  81 words
  • 93 20 Bloomberg Business News TEHERAN Iran yesterday said the country was saddled with US$32 billion in foreign debt, the highest figure cited by government officials, and US$2 billion more than previous estimates. Dorri Najafabadi, head of the Planning and Budget Commission of parliament, said Iran was determined to ensure
    Bloomberg Business News  -  93 words
  • Page 20 Advertisements

  • COMPANIES & MARKETS
    • 394 21  -  By R Sivanithy SINGAPORE Stocks on Sesdaq are still suffering from a lack of investor interest despite trading at discounts to main board values. Figures provided by financial research firm Investamatic show that stocks on Sesdaq, the secondary board of the Stock
      Source: Bridge Info  -  394 words
    • 454 21  -  Thai stocks accounted for more than 40% of turnover last year By Conrad Raj SINGAPORE When investors look for foreign stocks in Singapore, odds are that it will be Thai, for such shares accounted for more than 40 per cent of the $47.7 billion
      Source: MAS  -  454 words
    • 273 21  -  By Quak Hiang Whai SINGAPORE Peregrine Securities Singapore Pte Ltd has become the First stockbroking firm to be given the newly-introduced Approved Foreign Broker status. Peregrine's new status, approved in April, allows the broker to trade in stocks listed or quoted in foreign
      273 words
    • 770 21  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Hitachi Zosen Singapore Ltd (HZSL), the smallest of Singapore's Big Four shipyards, has underperformed the industry yet again. For the year to Mar 31, 1995, its group net profit plunged 90 per cent to $4 million, while
      770 words
    • 235 21 SINGAPORE Herman Hochstadt has stepped down as chairman of listed International Factors Singapore (IFS) and its subsidiary International Factors Leasing (IFL). In an IFS shareholders' meeting yesterday, executive deputy chairman Foo Kok Swee was elected to replace Mr Hochstadt in the two companies.
      235 words
    • 217 21 SINGAPORE Furniture and home appliance retailer Courts Singapore has turned in double-digit growth for net profit for the second consecutive year since going public in late 1992. The company said yesterday that net earnings for the year ended Mar 31, 1995, rose 34.9
      217 words
    • EYE on your STOCKS
      • Article, Illustration
        52 21 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 GrenfeU, Ong Co. Nomura. Phillip. Smith New Court, WI Carr and S
        52 words
      • Article, Illustration
        99 21  -  By Quak Hiang Whai DBS Land looks slightly bearish on the medium term charts with the nine-week moving average cutting the price line from below and no clear buying signals. The stock looks headed for $4. The only spark is the daily RSI, which has almost reached zero,
        99 words
    • COMPANIES
      • 82 22 SINGAPORE Main board-listed Rotary Engineering is taking up a 40 per cent stake in RSK Engineering Co a company which is in the business of general and mechanical engineering, construction works, pipeline installation, and other related activities. RSK has an authorised capital of $1 million
        82 words
      • 34 22 SINGAPORE Temasek Holdings has reduced its stake in Sesdaq-listed Teledata to 13.12 per cent from 13.19 per cent. Its subsidiary, Singtel Investments, sold 60,000 Teledata shares on June 20.
        34 words
      • 84 22 Bernama KUALA LUMPUR Malaysia's Palmco Holdings Bhd has sold its 20 per cent stake in finance company, Equity Finance Corp Bhd, to a private Malaysian Arm, AGI Resources Sdn Bhd, for M 52.4 million (551.37 million) cash. A Palmco statement said the disposal, which
        Bernama  -  84 words
      • 81 22 Bernama KUALA LUMPUR Idris Hydraulic (Malaysia) Bhd has reported a 29 per cent rise in group pre-tax profit for the year ended Dec 31, 1994, to M 529.91 million from M 523.11 million a year earlier. Group after-tax profit increased to M$ 16.93 million from
        Bernama  -  81 words
      • 64 22 Bernama KUALA LUMPUR Island Peninsular Bhd (I&P) is going into property ownership for the first time as it will rent out 40 per cent of its 124 new townhouses, to be launched later this year. I&P managing director Mohamed Yusof Hussin yesterday said the new
        Bernama  -  64 words
      • 60 22 Reuter JAKARTA Barclays de Zoete Wedd of Britain has been appointed global coordinator for the London listing later this year of state-owned Indonesian tin miner PT Tarn bang Timah. The finance ministry yesterday said the government had appointed PT Niaga Securities and PT Pentasena as joint lead
        Reuter  -  60 words
      • 322 22  -  From Mike Simms in AUCKLAND A SINGAPORE group is poised to buy a landmark hotel in the New Zealand capital. The Grand Central Hotel and property group is into the due diligence phase of negotiations for the James Cook Hotel
        322 words
      • 406 22 HK giant gearing up as regional motor distributor Reuter KUALA LUMPUR Malaysia's Edaran Otomobil Nasional Bhd (EON), sole distributor of the national car, will gain from Jardine Strategy's acquisition of a 9 per cent stake as the Hongkong giant gears up as a
        Reuter  -  406 words
      • 315 22 SINGAPORE Civil engineering group Econ International yesterday reported a 2.4 per cent decline in net earnings to $7.08 million for the year ended March 31, a figure which was considerably below analysts 1 expectations. When polled by the The Estimate
        315 words
      • 285 22 Bernama KUALA LUMPUR The Foreign Investment Committee (FIQ has given conditional approval to Sime UEP Properties Bhd's various property acquisition and development proposals. Aseam bankers, on behalf of Sime UEP, said yesterday the proposals include a joint venture between Sime UEP and Consolidated Plantations
        Bernama  -  285 words
      • 546 22 Maaafws' prtcM Jun 22 Sh Greater China Fd 100 1.00® iLu Mendakj Gr Fund 1.03 l.(Mu' Mtlgapore una trust US Gr Fund 1.05 1.09** The Commerce 1.59 l.67xd llJhA m m y J The Savings Fund 1.52 1.61 «fl Ltfl S pore Prog Fund 0.61 0.65 Untfund 1.46 1.52 S
        546 words
      • 445 23 Reuter BOMBAY The Bombay Stock Exchange (BSE), which has more than 6,000 companies listed, is planning to increase the listing limits for companies. "We are planning to raise the threshold limit of minimum equity capital from the current 30 million rupees (Ssl.3
        Reuter  -  445 words
      • 496 23 Reuter TAIPEI The lean years ahead for Taiwan's construction industry may prove fortunate for the island's leading builder, Cathay Construction Co Ltd, as weaker competitors go to the wall. "In a sluggish market, small-sized or not well-struc-tured companies may be kicked out of
        Reuter  -  496 words
      • 71 23 Reuter HONGKONG Mulpha International Bhd yesterday told the stock exchange it has increased its stake in Chaifa Holdings by 7.94 million shares, or 3.89 per cent of issued share capital. It did not reveal its total shareholding in Chaifa. Chaifa makes and distributes Playboy goods
        Reuter  -  71 words
      • 57 23 Bloomberg Business News HONGKONG Sinocan Holdings Ltd said yesterday it formed a HKSI2O million (5521.7 million) joint venture in Shanghai as part of its expansion into mainland China. The China-controUed manufacturer, whose shares are traded in Hongkong, said the venture will focus on manufacturing three-piece cans
        Bloomberg Business News  -  57 words
      • 69 23 Reuter WELLINGTON New Zealand agricultural products group Allflex New Zealand has been sold by France's Societe Francaise d'lnnovation pour I'Elevage to an affiliate of Goldman Sachs'& Co and a Chicago investment group. The sum was not disclosed, nor was the identity of the Chicago
        Reuter  -  69 words
      • 61 23 Bloomberg Business News SYDNEY The deputy chairman of John Fairfax Holdings Lid, Dan Colson, said a report that chief executive Stephen Mulholland is to quit is "fiction and speculation", the Australian Financial Review reported yesterday. Mr Mulholland has a four-year contract which expires next year and
        Bloomberg Business News  -  61 words
      • 145 23 Bloomberg Business News HONGKONG Rich City Packaging Holdings Ltd, targeted for a takeover by businessman Martin Kwok, said yesterday its chairman has sold millions of shares in the company the second time he has done so in two weeks. Henry
        Bloomberg Business News  -  145 words
      • 342 23 Reuter e SHANGHAI Police have j arrested a 28-year-old stockbroker with Shanghai Interna- tional Securities in yet another blow for the once high-flying brokerage firm humbled by China's largest market scandal. The Shanghai Securities News yesterday reported that the broker, Xu Cong, was held on
        Reuter  -  342 words
      • 167 23 Bloomberg Business News HO CHI MINH CITY Vietnamese food processor Long An Export Co sold shares valued at 4 biHjrtfl dong (555 million) to staff and investors in an initial stock sale this week. The company is one of just five state-owned enterprises
        Bloomberg Business News  -  167 words
      • 197 24 Bloomberg Business News ABBOTT PARK, Illinois Abbott Laboratories yesterday won an antitrust case brought by Nestle Food Co as a federal jury concluded that Abbott did not conspire to block competitors from the US market for baby formula. Nestle sought US$25O million (*****
        Bloomberg Business News  -  197 words
      • 499 24 Cash-rich bank to repurchase 13% of its shares over next two years NYT NEW YORK Citicorp, flush with billions of dollars more than it can spend, said it will buy back as much as US$3 billion (554.2 billion), or 13 per cent, of
        NYT  -  499 words
      • 553 24 NYT MIAMI Walt Disney Co announced plans on Tuesday to build its largest theme park yet, one that would combine rides with real wildlife for what the company's chairman, Michael Eisner, called "an entirely new experience for our guests". The Wild Animal
        NYT; Reuter  -  553 words
      • 318 24 NYT NEW YORK The Philip Morris Companies said that the company had "erred" by making statements that were "inaccurate" about the cause of the company's unprecedented US$lOO million (SSI39 million) recall of more than seven billion cigarettes last month. The
        NYT  -  318 words
    • FINANCE & COMMODITIES
      • 493 25  -  Reports by Soh Tiang Keng SINGAPORE The Automobile Association of Singapore (AA) plans to raise the integrity of the local motor repair industry and, in the process, reduce the incidence of inflated vehicle repair costs. Yesterday, AA president Ng Ser Miang
        493 words
      • 236 25 AFP LONDON Britain's two largest high street banks provided funding to support merchant banks in the City, London's Financial centre, after the collapse of Barings in February, the Times reported yesterday. The operation lasted two days and was aimed at
        AFP  -  236 words
      • 217 25 Reuter LONDON The UK's Futures and Options Association (FOA) has issued a draft code of practice for derivatives users in a bid to avoid more of the derivatives-related losses that have gained notoriety recently. The draft code, distributed at
        Reuter  -  217 words
      • 148 25 Reuter SINGAPORE Indonesia's Ciputra Development International Finance is raising US$lOO million (Ssl4o million) in loans through a fiveyear floating rate note (FRNX said Keppel Bank, which is one of the arrangers. The five-year notes carry a coupon of 230 basis points orer
        Reuter  -  148 words
      • 451 25 Virtual banking effort expected to revolutionise consumer sector NYT NEW YORK American Express Co said on Tuesday it had hired William Heron Jr, a former executive of Citibank, to lead an ambitious plan to offer banking and other financial services over the telephone
        NYT  -  451 words
      • 266 25 SINGAPORE A former United Nations insurance expert, Marion Gallis-Quednau, yesterday warned of the dangers of providing artificially cheap motor transport in developing nations. In her keynote address to the "First Asian Conference on Underwriting Motor Insurance Profitably", she said that such
        266 words
      • 75 25 Reuter JAKARTA Indonesian timber tycoon Muhamad Hasan said he was ready to inject funds into Bank Duta, the Antara news agency reported. Mr Muhamad, better known as Bob Hasan, is also president-commissioner of Bank Umum Nasional. He declined to give details of the expected
        Reuter  -  75 words
      • 62 25 Reuter BANGKOK Thai Farmers Bank said it will raise today its minimum retail rate (MRR) to 13.25 per cent from 13 per cent. A bank official said the bank has also decided to lower the interest rate for non-resident account baht deposits by foreigners
        Reuter  -  62 words
      • 84 25 Bloomberg Business News TOKYO Japan's Ministry of Finance has approved a merger between Mitsubishi Bank and the Bank of Tokyo that will create the world's largest bank. The new Tokyo Mitsubishi Bank will combine the Bank of Tokyo's overseas network with Mitsubishi's domestic business into
        Bloomberg Business News  -  84 words
      • 71 25 Bloomberg Business News LONDON UK insurance companies' worldwide operating profit more than doubled to £3.95 billion (SSB.B billion) last year as underwriting losses shrank, the Association of British Insurers said on Tuesday. The figures show a second consecutive year of operating profit for insurers
        Bloomberg Business News  -  71 words
      • 38 25 Reuter YANGON The Global Commercial Bank of Cambodia, one of 26 foreign banks licensed to open representative offices in Myanmar, has opened such an office in the capital, the official media reported. Reuter
        Reuter  -  38 words
      • 622 26  -  From Hohn Helmer in MOSCOW A GLUT of diamonds on world markets is forcing De Beers to cut the prices of some categories of stones. The "realignment", as the price move is termed, is to be imposed in July, De
        622 words
      • 194 26 Reuter FRANKFURT Germany's central bank said on Tuesday that foreigners hold between 30 and 40 per cent of all the marks in circulation but that this did not have an impact on Bundesbank monetary policy. Foreign holdings of the German currency totalled
        Reuter  -  194 words
      • 119 26 Reuter DAC LAC, Vietnam USbased McCullagh International Inc and the Vietnamese stateowned Krong Ana Coffee Enterprise have signed a contract to set up a US$5.5 million (557.7 million) coffee processing plant, officials said yesterday. The plant to be built
        Reuter  -  119 words
      • 81 26 AFP RABAT, Morocco Two girts on a donkey passing the Maghreb-Europe natural gas pipeline near Ksar el-Kebir in northern Morocco. The pipeline is due to enter service in summer 1996. It will carry gas from Algeria to Spain and Portugal, and later to France
        AFP  -  81 words
      • 347 26 Bloomberg Business News CHICAGO Soybean oil rose on Tuesday for the fifth time in six days amid concern that lower American and overseas oilseed production will reduce already tight world supplies of food oils. On Monday at the Chicago Board of
        Bloomberg Business News  -  347 words
      • 263 26 v.: ENERGY REPORT Reuter LONDON Crude oil prices continued to slide as traders were disheartened by recent falls and less than encouraging US stock data released after markets closed on Tuesday. World benchmark Brent Blend crude futures for August delivery were
        Reuter  -  263 words
      • 180 26 Reuter LONDON The dollar was probing gingerly for the upside on the mark at European midsession, but comments by the Federal Reserve chairman and the imminent US-Japan trade talks hung like a millstone around the currency's neck. The Fed's Alan Greenspan fanned the fire of rate cut speculation when
        Reuter  -  180 words
      • 101 26 AFP NEW YORK The dollar was mixed against other major currencies here yesterday in a calm market that ignored news of a sharply wider US trade deficit as traders tried to sniff direction from the Federal Reserve. At about 1425 GMT, the dollar was quoted as trading at
        AFP  -  101 words
      • Article, Illustration
        1269 26 Trade- weighted index calculated against S'pore's lop 14 trading partner* Base year: 1983 US$/S$ forward rates Noon /Jun 21 s$ Bid Oder 1-month 1.3928 1.3943 2-month 1.3878 1.3893 3-month ***** 1.3843 6-month 1.3700 1.3720 Source OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Jim 21 Singapore dollars to one
        1,269 words
    • COMMODITIES & FUTURES
      • 1392 27 Reuter SINGAPORE Simex Eurodollar futures ended sharply higher in hectic trading on comments by Federal Reserve chairman Alan Greenspan. Dealers said the market was heavy on short covering by brokerages and locals after Mr Greenspan's speech in New York where he said the chances
        Reuter  -  1,392 words
      • 666 27 COMMODITY REPORTS Palm Oil CRUDE palm oil physicals closed lower yesterday on profittaking. Dealers said the market's easier trend was also due to a lack of new export potential. India, said to enter in a big way on Tuesday, only tendered for a parcel of
        666 words
      • 58 27 HELSINKI China will provide, in the longer term, one of the last great market opportunities for food producers, according to Richard Krajeck, vicepresident of the US Feed Grains Council. But, he said it was "too early to predict that China will not again re-enter
        58 words
      • 58 27 SINGAPORE Malaysia's cocoa bean exports for Jan-Mar totalled 12,069 tonnes, compared with 24,350 tonnes a year earlier, the Malaysia Cocoa Board said. The fall in this year's cocoa exports was due to an ongoing output decline caused by poor weather, pod borer pest outbreaks and
        58 words
      • 61 27 WASHINGTON US sugar stocks on Apr 30 totalled 3.57 million short tonnes, raw value, down 328,628 from the first of the month, USDA said in a summary of its monthly Sweetener Market Data report. Total refined sugar output in April was 356,133 tonnes, raw
        61 words
      • 82 27 MOSCOW Russian metal producers will slash their exports if the Russian rouble continues to strengthen against the US dollar, experts at the Russian Metal Industry Committee said yesterday. The rouble has risen steadily against the dollar since early May, and closed at 4,546 to the
        82 words
      • 41 27 BOGOTA Central America is not expected to have a good coffee harvest this year due to drought. Honduras is suffering such a drought that hydroelectric dams are dry. El Salvador and Costa Rica have similar problems.
        41 words
    • 1396 27 SICOM Futures (Mm daatag as at S.ttpa) RSS 1 Cwtract (S cents/kg) Close Volume Ooen Month High Low Sett (toones) Interest jd 210.00 210.00 214.30 foo 350 Aug 213.00 T 4525 Sep 211.SO 2300 Oct/Dec 206.00 204.00 206.00 1030 6223 Jan/Mar 96 203.00 4273 Apr/Jun 96 206.00 1530
      1,396 words
    • REGIONAL STOCK MARKETS
      • 960 28 +4.2 Share prices closed higher yesterday as stock index futures rallied and brokers reported a feeling of confidence returning. "There's a feeling the bad Dews has been overdone a little pit, it's almost intangible because there's nothing much happening today," said a broker. The All Ordinaries Index Cose 4.2*
        960 words
      • 553 28 -17.2 Share prices fell in reaction to <the fall in the Dow Jones. "The index's affected by the Dow Jones. It's been down the whole day. It never recovered," a dealer said. u The PSE Composite Index "fell 17.2 points to 2,793.41. Turnover was 2.8 billion shares yahied at
        553 words
      • 496 28 Share prices closed I.S per cent tower to a new 15-raonth low, dampened by falls in textiles -7125 and plastic and chemical issues. "Market sentiment remained considerably weak and most investors overreacted to minor negative reports by dumping shares," said a dealer. The 321-issue Weighted Index lost 78.25 points
        496 words
      • 435 28 -5.53 Share prices continued their downswing to close 0.6 per cent lower, affected by declines of index-linked blue chips. "Amid a lack of market moving news, investors decided to take profits," said a broker. The Composite Price Index dropped 5.53 points to finish at 878.82. Turnover was 19.34 million
        435 words
      • 326 28 -3.19 Share closed lower for the sixth consecutive day. Brokers said there was no particular reason for the weaker finish, but equally, few reasons to break the losing streak. The NZSE-40 Capital Index closed 3.19 points down at 2,031.84 on volume of NZ$4O million. "It's a fairly bleak
        326 words
      • 105 28 -8.62 Shares finished at their previous levels in a listless session. Brokers said speculators concentrated on shares of State Bank of India (SBI) and petrochemicals firm National Organic Chemical Industries Ltd. The BSE 30-share Index touched a high of 3,394.95 before closing 8.62 points lower at 3,375.70. The National
        105 words
    • WORLD STOCK MARKETS
      • 627 28 Britannia F—ds Cash BU Offer Mia C ap Item U*400 U 6300 MnJtnnGi. 1111) ftlW Mia Max I mac "0 *100 *0.9300 US$ Cask lacnar PhaFaad 10 4000 11.0200 PS S Rotm Fad 5 5000 5 5100 0 4M2 04*11 Far East Fad *2 7*50 *2.*7J0 Maa Portfolio 1 *750
        627 words
      • 700 28 +1.1 BLUE chips ended marginally higher in another day of -directionless trade, drifting steadily lower after early fu-ture-related gains. "I'm surprised the market's done so well," said one trader. "There's been a 1 number of downgrades across a few sectors but strength in some fairly highly capitalised sectors like
        700 words
      • 149 28 +0.57 French blue chips were fractionally higher but secondary issues were lower in cautious trading ahead of Ihe new government's budget presentation today. "Volume is very light. People are waiting to see the budget and there's hope for a cut in interest rates by the Bank of France tomorrow
        149 words
      • 193 28 +4.52 stocks rose amid <juins in exporter shares. ;stocks closed below the /day's high, however, as ,;weaker bunds weighed on financial shares. The DAX Index of 30 leading stocks rose 4.52 ~'fcoints to close at 2,144.88. Twenty-four shares rose, ||ive fell and one was unchanged. "We're still in an
        193 words
      • 176 28 -0.79 Belgian stocks closed little changed after gaining 2 per $ent in the past four sessions amid a stable dollar land bond market. "There's really very little movement in the market and a lack of market-sensi-tive news," said a dealer. "The action is in neighbouring markets, particularly France where
        176 words
      • 163 28 +20 Italian shares ended slightly firmer after provisional inflation data for June came in much as forecast but volumes were very light. Istat said month-on-month consumer prices in nine major cities grew 0.5 per cent versus May's 0.6 per cent giving a year on year rise of 5.8 against
        163 words
      • 258 28 +0.1 Dutch stocks closed mixed as optimism over possible declines in US interest rates was offset by worries about corporate earnings. Royal Dutch Petroleum extended Tuesday's losses by falling 0.9 per cent after its Shell UK unit changed plans to scuttle the Brent Spar oil platform. The EOE Index
        258 words
      • 101 28 +11.16 Interest returned to cyclical stocks on the local bourse, pushing the general index upward in active trade. The OMX Index rose 11.16 points to 1,606.46. Turnover was 1.1 billion crowns. The forestry sector was strongly in focus, rising 1.7 per cent. Stora gained three crowns to 95.50, a
        101 words
      • 223 28 11.2 Swiss shares closed firmer on low volumes. Stocks with heavy index weightings, such as Nestle, Roche and Sandoz, Dulled the market higher after an indecisive start. The softer dollar did not weigh heavily on the market, dealers added. Outlook seen mostly positive. The blue chip SMI Index closed
        223 words
      • 306 28 +3.9 South African gold shares finished a slow day weaker as prices corrected after a recent steep rally and as the rand strengthened. Industrials were mostly steady amid mild support but an overnight Wall Street dip had hampered an extension of Tuesday's gains. The Overall Index shed 17.2 points
        306 words
      • 221 28 +4.80 Stocks edged higher in moderate early trading buoyed by rallying North American bond markets, traders said. The TSE 300 Composite Index rose 4.80 points to 4552.20 on volume of 8.50 million shares valued at GS 111 .00 million. Markets were encouraged by Federal Reserve chairman Alan Greenspan's comments
        221 words
      • 729 28 -3.11 Stock prices turned narrowly mixed in active trading despite a bond rally as the two markets reacted differently to Federal Reserve chairman Alan Greenspan's speech. The Dow Jones Industrial Average, which eased 3.12 points on Tuesday, was off 3.11 to 4,547.45 at I lam EDT. The key
        729 words
    • Article, Illustration
      2551 29 Bloomberg Business News HONGKONG Stocks dropped for a third day as local investors brooded over this year's slowdown in corporate earnings growth. "Local investors are the real bears," said an analyst. "We all think corporate results won't look good this year, and that could put the market under pressure.
      Bloomberg Business News; Source: Bridge Info  -  2,551 words
    • Article, Illustration
      570 29 CLSA IN Hongkong, the H share index lost 13.43 points at 1,148.82 on turnover of HKSB6.S million. Yizheng, which saw HKS3S million worth of shares changing hands, fell 2.5 per cent. The Shanghai B Index fell 0.3 per cent on thin turnover. Interest seems to be focused on consumer
      CLSA  -  570 words
    • Article, Illustration
      2476 29 Bloomberg Business News TOKYO Stocks rose for the first time in four days amid optimism that an experted package of fiscal stimulus measures will give the economy a needed "Stocks are being bought back on concern that a government economic package may include some serious proposals to help the
      Bloomberg Business News; Source: Bridge Info  -  2,476 words
    • Article, Illustration
      1473 29 Bloomberg Business News BANGKOK Stocks rose for a second day, led by bank issues, as investors bet US interest rates will fall next month, analysts said. "It certainly looks like the Fed is leaning more and more towards a cut," said one analyst. "If rates go down, more money
      Bloomberg Business News; Source: Bridge Info  -  1,473 words
    • Article, Illustration
      1160 29 Reuter JAKARTA Shares ended slightly lower in directionless thin trading, with most players seen staying on the sidelines in the absence of fresh direction. The Composite index closed I.SB points lower at 486.37. "The market lacked direction due to an easing of the inflow of foreign funds," one broker
      Reuter; Source: Bridge Info  -  1,160 words
    • 2383 30 Gr Cr l**S Lant Val Day Lm Qmmt Dh Dh YM Net M Cap H»«* Urn Cif r Ml CM) His* Lm> Barer Seller CV P/E %mU MALAYSIAN STOCKS *2 1% MSB 50c 3M -6 411 W W JH HI 10 2 9 0 2 395 9 .♦T"
      2,383 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6818 30 Bloomberg Business News KUALA LUMPUR Stocks rose as investors anticipated policy changes that will help the fund management industry by bringing more foreign funds to local stocks. Finance Minister Anwar Ibrahim is expected to announce measures today to open the nation's capital markets.
        Bloomberg Business News; Source: Bridge Info  -  6,818 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7392 31 I44, 1 La* Ve4 Dap Lam QMt Mr Dt> YM Net Ca A* Caa*.a» Smi, (W) H«* Lew B«y«r SeMtr CV P/t Ml Prim MOUSTHAi. AND COMMERCIAL 411 312 mt a Acma tk 454 <d J 1)4 4St 434 434 451 22.3 SJ 15 IS 4214 434 430 430 I
        7,392 words
      • 1810 32  -  By R Sivanithy SINGAPORE Fresh rumours regarding various corporate plays in Malaysia emerged to keep interest alive in second liners for the second consecutive day yesterday. Attention was therefore diverted away from Singapore stocks, although rises in a few indexlinked shares ensured
        Charts by Bridge Info; Source: Bloomberg  -  1,810 words
  • Page 21 Advertisements
    • 233 21 NEWS VALUE Bank Negara to issue Mslb bills (pg 1) Those expecting KL to raise interest rates to counter inflationary pressures are in for a long wait. Ng Teng Fong's group submits highest bids lor two industrial sites (pg 3) Uncertainty seems to shroud all sectors of the property market.
      233 words

  • Page 22 Advertisements
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    • 68 26 This announcement appears as a matter of record only. New Issue June 1995 TENNESSEE VALLEY AUTHORITY U552,000,000,000 6 3/8% Global Power Bonds 1995 Series A I Due June 15,2005 Lehman Brothers Deutsche Bank AG London ABN AMRO Hoare Govett CS First Boston Goldman, Sachs Co. HSBC Markets Merrill Lynch International
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    • 49 26 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
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    • 330 32 M THE MATTER OF THE COMPAMES ACT, CHAPTER SO SAPMSH PTE LTD MEMBERS'VOLUNTARY LKMDATION At an Extraordinary General Meeting of Sapfwh Pto Lid held at 36 Roliinaan Road #15-00 City Houaa Singapore 0106 on tw 16 Juna 1906 tw to*ownq resolutions ware duly passed 1. SPECIAL RESOLUTION -WMOMQ-UP That Saphish
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  • Shipping Times
    • 533 33 Knight-Ridder, Reuter PANAMAXES in the north Atlantic are the only substantial part of the freight market enjoying sustained demand and rates, shipbrokers say. Routes originating in this area alone have prevented the Baltic Freight Index from falling more than two points to 1,996. PANAMAXES: There are rumours of
      Knight-Ridder,; Reuter  -  533 words
    • 353 33 MBT KUALA LUMPUR Traffic at Klang Container Terminal (KCT) continues to move up in line with the country's increasing imports. In the first quarter of the year alone, the terminal handled a total of 184,556 TEUs (twenty-foot equivalent units) compared with 181,086 TEUs
      MBT  -  353 words
    • 306 33 Knight-Ridder KUWAIT CITY A Kuwait judge ruled on Tuesday the Criminal Court as the appropriate jurisdiction to try a former oil and finance minister allegedly involved in a Kuwait Oil Tanker Company (KOTC) fraud and embezzlement case. The ruling marks
      Knight-Ridder  -  306 words
    • 315 33 SES '000 Jun 21 S$ Vol CWT Distribution 1.37 CWT Distribution A 1.51 Chuan Hup Holdings 1.13 +0.01 186 Cosco Investment 1.79 -0.02 15 Coaco Investment A 1.75 -0.04 5 Far East Levingston 6.55 +0.05 370 GB Holdings Ltd 0.795 Hai Sun Hup Group 0.84 +0.005 533 Hftachi
      315 words
    • 369 33  -  Ship to sail on fortnightly, fixed-service between Australia and S-E A By Alec Almazan SINGAPORE Recently formed Queensland Asia Line (QAL) will be taking delivery of its first vessel, The Aleksandrov, here on July IS. The Brisbane-based QAL, formed
      369 words
    • 69 33 SINGAPORE The Port ol Singapore Authority has put into operation four of the 18 units of Rail-mounted Gantry (RMG) cranes ordered from Samsung Heavy Industries at a cost of $87 million. The electrically powered RMG (above) has a high stacking capability and comes with a special scissors-like
      69 words
    • 274 33 AP BOSTON Manufacturers who want to get their goods across the Atlantic Ocean now have two choices: airplane, which is fast but expensive; or cargo ship, slower but a lot cheaper. A Virginia company and the Massachusetts Institute of
      AP  -  274 words
    • 158 33 Knight-Ridder LONDON The International Association of Independent Tanker Owners (Intertanko) opened a representative office in London on Tuesday. The office is located in the new Baltic Exchange building on St Mary Axe. It will be staffed on a rotational basis by senior personnel from the
      Knight-Ridder  -  158 words
    • 405 33 BANGKOK Regional Containers Lines (RCL) has announced three projects a new route between Hongkong and Xiamen, an expansion of its fleet to 32 vessels, and a new inland container depot in Nong Khai. Feeder division manager of the Ngow Hock Agency of RCL,
      405 words
    • 170 33 SINGAPORE The Singapore National Shipping Association has named the new representatives of its five Shipping Groups to the SNSA Council. Representing Group A (Singapore flag vessels) is Pacific International Line's executive director Lawrence Yap. Group B (bunker tanker owners/operators, bunker suppliers and dealers)
      170 words
    • 89 33 Knight-Ridder LONDON Cargo operations have been severely disrupted at the ports of Calcutta and Haldia as the Calcutta Port Trust Pilots' strike took hold, according to Lloyd's Intelligence. The pilots' dispute started four days ago and 17 vessels were understood to be lying
      Knight-Ridder  -  89 words
    • 179 33 Knight-Ridder LONDON UK Secretary of State for Transport Brian Mawhinney has set in motion proposals to privatise three of the country's larger trust ports. He has sent formal consultation letters to Dover, Tyne and Ipswich asking them to commit themselves to
      Knight-Ridder  -  179 words
    • 811 34 As Myanmar opens itself to trade with the outside world, its government is looking for foreign capital to finance a new port to cope with an expected cargo boom Lloyd's List Maritime Asia THE Myanmar government is proceeding with plans to build a port
      Lloyd's List Maritime Asia  -  811 words
    • 326 34 P«ge •ANL 3 Able 7 Accord 10 •Ahlers 6 •Ahrcnkid 4 •Appenship 4 Astro 10 Austral 11 Avant 6 BSA II Batamindo 7 Bright Express 6 •CCNI 4 •CM A II •COSCO 7 •CSAV 3 Centenary 7 Central EL* 11 Chahaya 4 •Cho
      326 words
    • 10616 40 This guide lists the sailing destinations from Singapore. The first date indicates the ETA at Singapore followed by the ETA at the destination. The page iH The page number refers to the location of the schedule advertisement ETA E1» MmiHii Vassal Voyaf* P| E m PasTa —a
      10,616 words
    • SHIPS IN PORT
      • 490 45 VwM< fry Berlfc fciM gggfrt Jwwg Port Batam *****5 J1 atongade 22.06/2300 Bata J8 atongade 2206/2300 Kjmtrans Virgo 9507W J3 atongade 2206/0100 *««*> 06/09/95 J1 atongade 2206/1300 Pubu Katmantan 8/95 12 atongade 22.06/2300 A"** 8 M alongside 22 06/0600 tates J5/6 alongside 22 06/0900 S»*ya SaM J1
        490 words
      • 1475 45 RECEIVING Of EXPORT FCl CONTAINERS AMD La CAR60 beard Boafcrf/Ebbnce Kilts S*P HI Ik E»/Btr rwiod fnm T« tnm to Jade 243B 23/1100 IB 21/1500 21/1659 21/1900 3 22/0700 22/1159 22/1400 4 22/1200 22/1459 22/1700 to Lotus 066A 24/1500 IB 21/1500 21/1659 21/1900 3 22/0700 22/1159 22/1400 4
        1,475 words
      • 907 45 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 arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        907 words
    • AIR & LAND TRANSPORT NEWS
      • 368 46 Bloomberg Business News AFP, HONGKONG Hongkong reserved the right yesterday to hit back at Australian carriers after the air-rights dispute escalated dramatically with Canberra threatening to limit the number of passengers carried to Sydney by Cathay Pacific Airways. "We regard
        Bloomberg Business News; AFP,  -  368 words
      • 253 46 MBT KUALA LUMPUR Eva Air is extending its no-smoking policy to include all its flights. Beginning July 1, the Taiwanese carrier owned by the Evergreen Group will ban the sales of duty-free cigarettes and no smoking will be allowed. The carrier had
        MBT  -  253 words
      • 263 46 AFP NEW DELHI India's staterun domestic carrier is planning to run a skeleton service if its pilots step up agitation over revised wages to senior cabin crew, newspapers said yesterday. Indian Airlines managing director PC Sen said late Tuesday the management was considering a
        AFP  -  263 words
      • 249 46 Reuter COLOMBO Sri Lanka's national carrier, Airianka, has to be restructured urgently to pay its debts after buying three new aircraft, government privatisation officials said. The airline pays US$6 million (SsB.4 million) a year as debt servicing for three A 340 Airbuses, they told Reuters.
        Reuter  -  249 words
      • 271 46 MBT KUALA LUMPUR Malaysia Airlines expects an increase in cargo handling to the US if the US government imposes an air sanction against two Japanese airlines. The proposed sanction is in retaliation against the Japanese government's decision to turn down
        MBT  -  271 words
      • 236 46 Reuter LONDON The air cargo industry is in an "appalling" state, according to the chairman of the nine nation European Air Shippers' Council, John Boyce. Mr Boyce told Reuters in an interview that airlines and air freight forwarder middlemen, who act as
        Reuter  -  236 words
      • 103 46 Bernama-Kyodo TOKYO Auto production by Toyota Motor Corp dropped 9.5 per cent to 238,836 vehicles in May from a year before but rose 21.7 per cent to 123,146 at Nissan Motor Co, the automakers said yesterday. Domestic registrations dipped 2 per cent to
        Bernama-Kyodo  -  103 words
      • 125 46 Reuter DETROIT Mercedes-Benz AG, a unit of Daimler-Benz AG, said it is studying plans to build a car in the US in addition to its new "all-activity vehicle" (AAV). "If the AAV project and vehicle prove to be a success, then we may
        Reuter  -  125 words
      • 108 46 Reuter DUBAI Indian-owned Menon Airways (MAL) said on Tuesday it would start flying to a number of destinations in Africa from its United Arab Emirates 1 Shaijah base in July. Managing director and chief shareholder Gopi Menon said the maiden flight on July 21,
        Reuter  -  108 words
      • 96 46 Reuter TOKYO An ice-pick wielding man yesterday hijacked an All Nippon Airways (ANA) plane from Tokyo to Hakodate with 365 people aboard. Authorities said the hijacker had demanded the release of arrested Aum Shinri Kyo cult leader Shoko Asahara. The plane landed safely in
        Reuter  -  96 words
      • 73 46 Reuter CARACAS Executives with South Korean carmaker Daewoo said they plan to increase investment in Venezuela's automotive industry and enter the aluminium sector. A visiting Daewoo delegation said it plans to launch an economical car in Venezuela and eventually open an assembly plant here. They
        Reuter  -  73 words
      • 54 46 Reuter COPENHAGEN Ongoing strikes by ground and administrative staff at Copenhagen International Airport and SAS (Scandinavian Airlines) continued to cause delays, SAS said. It s?id 125 airport ground staff and SAS Cargo employees were continuing an illegal strike started on Monday, due to dissatisfaction about
        Reuter  -  54 words
      • 1420 46 AIRCRAFT ARRIVALS DEPARTURES a> n*t in n+1 n» BMW GA96S 1106 GF147 1650 GF146 1145 SQ441 1506 GA883 1520 0*875 1536 MriaMa QF81 1930 QF82 2055 ***** 2065 tartviaa SQ25 0660 KL838 2300 KL837 1450 SQ26 2355 GA975 153S Mtrnm SQ347 0655 tmMmd SQ286 2040 SQ288 2045 Baterti GF148 0910
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    • 235 34 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Ckinniw tt 1 aaftfyatinw snipping Assoctawn, for advertising enquiries, contact Shipping Tones: Tel 740-2089/740-2090 1 PORT SHOTS* The latest in sea, air 29 and land transportation Shipping Times Monday to Friday Busmesslimes eHii i i
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  • Page 35 Advertisements
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    • 1758 37 TKtT) Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 ■■■k First Class Connections WORLDWIDE Te,: 225 2233 Te|e RS pnocsp fu: 225 5327/222 7517 CR Number *****9 *****/. EXPORT IMPORT vaaasL voy HMIi *MA ~SR I aoo ant nt hu oot brb lcm vq—
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    • 2161 39 mIV v COAST SOOTH AMBttOtS *****»o«Mra/ A##«> IM(U—M):mim UlnA—M* A—my Oft COSTAR SHIPPING PTE LTD SEjafiEftHE* l cmtfr <MM>M cmMM« *W -M. JNBM* <w,«.. MMT imb/H IttMfH Vlf (f7N I'J'l ""IJ.PtJi'f. (MMM MHH M 4M*7M cZZSmSTiMTM MS (Mf ft PI VrtH f MM «r»JMatt In fKttnfTM fav/Mfff 47M7M u—wm "mwLMH-I
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    • 733 39 FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 "Sr HOT UNE: *****33 (30 UNES) GOTHENBURG/SCAN 26/06 ROTTERDAM 23/06 AARHUS/COPENHAGEN 26/06 HAMBURG/BREMEN 23/06 MARSEILLE/FRANCE 27/06 FELIXSTOWE/UK 26/06 BARCELONA/SPAIN 28/06 LEHAVRE/FRANCE 26/06 GENOA/ITALY 25/06 ANTWERP/BELGIUM 23/06 LOS ANGELES/WC/IPI 23/06 SYDNEY/MELBOURNE 24/06 NEW YORK/EC 23/06 FREMANTLE/ADELAIDE 25/06 VANCOUVER 25/06 BRISBANE 24/06 TORONTO/MONTREAL
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    • 492 43 BSA a. 1 MYANMA FIVE STAB LINE (Myanmar National Lint) w Loading for Yangon (Rangoon) Span f.na KM P.U| OUMMA VIW UN MYOMAYWA VISOW tt/Ot PATHEW VISSW 2*oo MALAYSIA AGEMTO: BOUSTEAO SNIPPING AOEMCCS RUL TH (2-63-***** M POL TEL B-03-37M1H r« TH. •2-44-*****02 POO: Til B-07-*****21/4 NIGERIAN NATIONAL SHIPPING LINE
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    • 984 43 ADVANCE CONTAINER UNES (PTE) LTD JO I 140 CbcO StrMt, #12-00, PIL BuOding, Slngapor* 0100 XAI m I TEL: *****21, FAX: *****10, TELEX :RS ***** ACLPL CR NO. **********0E WMB. wot 1 VMM VOT M 4 *Y Ml MMMMMIua Mill E. %m TV* M 4 Bff BOIAMM M 077 M
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    • 783 43 |CRNO: **********0Z VESSELS VOY ""ST" LEHANRE HAMBURG THAMCS HUMbHUAM AWTW^P VULEDHYDRA HOMV 27AM 16/07 20/07 22/07 23/07 2W7 V-LEDELYWA YWW 03/07 26/07 27/07 2S/07 3QP7 31/07 MLLEDEVBA VOW 11/07 01AM 03/08 05/08 OMS 07AM \ALLE DE GAPSJLA jg 18/07 08/06 1008 12/08 gg 1408 ALSO ACCEPTING CARGO TO ALL U.
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    • 541 44 AFGHANISTAN MAM Afghanistan Ltd., ■kJH Hairatan, Torghundi, Isiarnqala (Doqharun) ■wlOfiWl C.1.5./RUBSIA: Alma Ata. Ashkhabad, Baku. Dushanbe, Irkutsk, Khabarovsk, Krasnoyarsk, Korsakov, Moscow, Novosotxrsk, Sochi, Tashkent, Tbilisi, Vladivostok, Vostochny ntemaponai Forwarders Mongolia: Utear Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA AWCA. OAMnAagrALcSS mmmoxA. UMA. HMi MHIMBB
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    • 539 44 I BamMM COMTAINER LINES, INC I I Hmwto:MAG4m* tPOBfc *****22 ju I Hr/V? J mmkiuununm Humttim kuchmqwomss Pe<AMQ:<M}CM63« BANGKOK PBX)Z3frM67 «MMLA<B32)BI2MtI p.mM*t9mmm7 jwwr<teg>)iwiß surabaya; pi) atiaaß I ASIA HKG/IWN/BKKI GENOA/EUROPE I 1 ms m* HMSSMMH a a 2Qro 21 A) Zc/b Plraoui 23/6 24/6 2^/fi 25 25 55 *****255!!! 1M
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    • 337 44 STRAITS/ JAPAW STRAITS SERVICE MULTI-PURPOSE A RORO CARRIER SPECIALIZE M HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TOWS In In I tanas rat vcsa ga w nMIIW I IS/4 77/4 Tt BABS 1/7, MUM 1/7 B S/7, TAWMI/7. SBKM mm BBNIVKA 141 7S/4 a/4 MM" IBWIMUII 71
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  • Page 45 Miscellaneous
    • 103 45 REGIONAL WEATHER I LEGEND; R Thunderstorm T«mp«ron*# c V Show«r W#oth«r Wind drcctwn with ip««d in knot* Ron Cloudy Sky Wov Swrfac* winds or* mdkoted by orrows wtodi Hy wtrti ttw wind Ci) Orw fi* tircte rapr«s«nts cokn or tght and vanobt* wind* On« half fWchw r*prn«nn 5 knots «•<*•
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    • 155 46 YOUR "BAKUL" BEARER Every Sunday! Air India Freighter Singapore Departure: 1420 LT xhtf Arrival: 1600 LT/7|3r Arrival: 2030 LTjjlily ASM WESTBOUND RATE AGREEMENT »>»■, loo* Unit of tho Par ■atom Piolfit Confotonco) Coc* Stioot #11-01 Portion BuHdlng, ttnQMinf 0106 aao —aa Fa» 22s rw7 announcement regarding rate restoration AND CURRENCY
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    • 78 46 M.V. "KIAT BAKU" VOY 1 ARRD 10TH JUNE IMS M.V. "IVORY BAY" VOY 5 ARRD 13TH JUNE 1995 M.V. "PANDANG TIMOR LIMA" VOY 2 ARRD 17TH JUNE IMS Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 23rd
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