The Business Times, 11 April 1996

Microfilm: NL20594
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet' http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, APRIL 11,1996 85c
    13 words
  • Article
    MARKET SUMMARY
    29 1 O SS/+4J6) Si"*#** Wedanday Ckuft KLSKOQMP—.—1151.74 +17*4 mta JXMM +«JI flMSM -n& mama 1*711 +lm JAUXTACmP MJI +1*4 ■AMU +tlM .lyTw.'" ~cimet BOW j 1MB Mi +114
    29 words
  • Article
    FINANCE
    49 1 ■■I U8I S9 o» —tm I -~1J» 11M bh uni^jum tm »Jf7 UM tm in -.■*!»-_—im M» AMA CJH JPUU* Ufl MM SUMU—. lis RAMHEOK U7I mWLA. till MMMtma in TAIPEI 8» SYDNEY 16.75 WOO uo SBOOL AM ZURICH** tm nuumftmr* LOWWH 1» as asms (Source: NatWest Bank)
    49 words
  • Article, Illustration
    SIA, BA to pioneer inflight gaming
    530 1  -  BA said to be targeting May-Jane start date, while SIA ill—king at September-October By* Ang Wan May [SINGAPORE] Passengers on Singapore Airlines and British Airways flights will soon be given the option of an electronic slot machine each, and also be able to play
    530 words
  • Article
    Regional stocks extend gains
    332 1  -  Dow up 6 By R Sivanithy [SINGAPORE] Regional markets extended their gains for a second day yesterday on news that yields on US bonds had edged down overnight after rising for several days. Prices in Malaysia particularly on the Second Board —continued to enjoy a liquidi-ty-driven
    332 words
  • Article, Illustration
    And the Thai love for foreign shopping goes on...
    444 1  -  From. Loh Hui Yin m Bangkok THAIS' passion for overseas shopping appears undimmed by duties cm purchases worth more than 5,000 baht (Ss27B). Although the 5,000-baht limit has been imposed since April 1, travel agents and airlines say bookings to Singapore
    444 words
  • Article, Illustration
    Lock icon Mirzan acts to turn KPB into port services giant
    541 1  -  Group eyes control of CTBtsiiMW h^B^fr Diperd&na Corp From Ho Kay Tat in Kuala Lumpur WITH an eye to supporting the Malaysian government's push to get local shippers to route more of their goods through local ports, businessman Mirzan Mahathir is
    Source: Bloomberg; ALLAN  -  541 words
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      Page 1 Advertisements Column 1
      100 1 ggjgg pV I E r H H JBB This maiSwardSpirant is aiming to be a regional nlaimii >1. <— payer hi tne notel business, P*2 aJ rCKwinaiiy lucrative. Conversion pmoiun appears a little tow for a five-year instrument. H#llMMrtitas sttha, pg 15. Small divestment, oat oeansn in viewer stow trading
      100 words
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      12 1 Begkml etook markets, Pg 22-26 Edftorlab A win-win solution is possible, PglO
      12 words
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      63 1 Alfred Dunhill 1 mm I mm I. M Bfc Bh IgBEnHHHH ■>WSbf&K^s M dZEZEXXI Centenary Watch Snowed^.AttnAt//toatcAr* en (Ae (9%lo'js. fflonottrtny one Atmi/rec/years utter tAe'/ohmAny c/ (Ae company fax** mat/f. antA mecAanua/ movement. Mainles* */<•</ca.tr !</fibA/re y/ew* '//a/er -re-ujt/an/. Internationa/^yaarantee. JJJ Glassies to freasttre st/icc fs9*S. Iwf {fret/ \/)nnA<// at
      63 words
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      Page 1 Advertisements Column 4
      8 1 PaatrQvtdMnf, Penang to have 24-hr ports, Pg 5
      8 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Raffles Holdings aims to have 25-30 hotels in region by 2000
      654 2  -  Kainbeard aspirant *fiants to be a leading own betels and taking stakes la ethers Jenny Lam ALLAN I&TEL operator Raffles Holdups (1996), which is going for a-public listing here later this year, plans to build up a portfolk) of
      ALLAN; ARTHUR LEE  -  654 words
    • Article
      SMEs advised to gun for smaller China cities
      269 2  -  Teh Han Shih SINGAPORE'S small and medium enterprises (SMEs) should look to small cities such as Yangzhong when investing in China, says the managing director of local Arm SEA Hydropower, James Wong. 1 Such cities have local governments which aggnmtvely pflomote foreign
      269 words
    • Article, Illustration
      Lock icon Looking for companies Who want Synergy
      227 2 THE Jurong Town Corporation (JTC) has started marketbit its first purpose-built business facility called The Sgpergy. Located in the International Business Park, the building will have 36,800 sq metres of space spread over a 10-storey high-rise tower and a five-sto-rey podium block. Monthly rentals
      JEN CHUA  -  227 words
    • Article, Illustration
      Lock icon Riverside talking point
      77 2 WITH its distinctive spire soaring skyward and dramatic windows, Riverside Point, a new retail, entertainment ami office project opposite Clarke Quay, is set to be a peak attraction. The 120,000 sq ft project, which has been under construction the last two years, is due for completion in
      ARTHUR LEE  -  77 words
    • Article
      PacNet and SPH in tiff over classified ad
      182 2 PACIFIC Internet (PacNet) yesterday accused The Straits Times of unfair treatment when the newspaper did not accept an advertisement in the ST Classifieds about a rival classified ad service on the Internet. PacNet chief executive officer Nicholas Lee called a press conference
      182 words
    • Article, Illustration
      Lock icon Building contracts slump to $1.1b
      318 2  -  ETB O*THE ECONOMY Construction By Diana Oon CONSTRUCTION contracts awarded in the first two months erf this year were only half the value of those a year ago. Contracts worth $1.14 billion were given out in January and February, compared to $2.21 billion for the
      Source: CIDB; BCRUZ  -  318 words
    • Article, Illustration
      Saudi group may invest in a S'pore petrochem plant
      458 2  -  Thailand, may also be locations for Sable's investments By\ Ronnie Lim SAUDI Arabia's Saudi Basic Industries Corporation (Sable) is looking closely at investing in regional petrochemical plants in locations including Singapore, Thailand and Indonesia its first outside the kingdom. Sable's vice-chairman
      458 words
    • Article
      Morning Star creating 3 divisions
      258 2 LOCAL travel group Morning Star Travel is restructuring itself into a holding company with three divisions travel, service support and business development. The travel division will consist of the group's three existing agencies, Morning Star Travel, Transtar Travel and Regent Star Travel The operations that
      258 words
    • NEWS Roundup
      • Article
        SCCCI to launçh business institu
        69 2 q. THI Singapore Ch tnsas Chamber jj *ifnrmrli ntttmifp fflnf porn mm— niiFffirPi Institute ofßutinees. The Institute wm be IwoKl^jtoteraalloiMtf starting on Monday. The conference on toiitaw opportunities to Asia-Pacific w lllliiiih >11 fteiwllMlilHi strategies and the experience of The SCCCI event will be held
        69 words
      • Article
        First real estate examinations in Chinese
        63 2 REAL estate examlnattone wlil tw held In Ctow lartbß flrit timft thlt r»ir tn rntrtr for rtilnnns mtiitlfilliuuiß_ agent*. They wfll take place In September sod Dw&uim. The Association of Staflmors Real Estate rT I —rtmrntliin iniyii fjipßiiftjiTtl Itocaro aliow J co«pS^^?sSS)iMSSwS»^S2£uii^»S2iißsiSS£^^^^^S ;l ration.
        63 words
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      383 3 I I aMT ■mmS B B B B B B I What has a leaf to do with I Simply stafed, it is o miaocosm of o perfect environment. Groups H|- of different create a vibrant organism. One whose B total efficiency far exceeds the sum of its components. In
      383 words
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  • FOCUS: PROPERTY
    • Article
      Bt Timah on the up-and-up
      608 4  -  Prices are climbing for housing units in the area, but experts believe demand will cool off soon By Michelle Low [SINGAPORE] TWO new projects will be marketed in the next few weeks along Hillview Avenue, just across the road from Merawoods, which appears to have
      608 words
    • Article, Illustration
      Pidemco Land quick to make its mark
      688 4  -  New kid on the block has launched five residential property projects in less than two years By] Michelle Low [SINGAPORE] Housing market latecomer Pidemco Land has quickly made up for lost time. The one-time Urban Redevelopment Authority subsidiary only started going into the
      688 words
    • Article
      JLW Transact beefs up asset management team
      237 4  -  By. Agnes Wee JLW Transact has added another member to its team of ex-international hotel general managers to beef up its asset management and operations consultancy services. The new member is Carl Braddock, who will be based in Bangkok. He will oversee the
      237 words
    • Article
      House Hunt
      1074 4 Property tranaactions for districts 11 and 21 (atttors 36 to 30 and 58 to 8& lodged between Mar 111S&$ and MarfO /4W ssgfig ar ""sg —.jg g AkyabApt Apt 272/96 FH 1830 1095 596 Chancery Esqul(e Apt 6/1/96 FH 1216 1220 1003 Chancery Park Apt 26*2/96 FN 1661
      1,074 words
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      Page 4 Advertisements Column 1
      19 4 iPOLLO HOTEL HUAN LONG COURT CHINESE RESTAURANT BUFFET eg pn ips& %M per pe™™ jfe* 18th Floor, Apollo Hotel,
      19 words
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      Page 4 Advertisements Column 2
      73 4 PRIME COMMERCIAL UNITS BEACH CORNER 67 Beach Road m js|pargp„iTiij" UMrjff.ri sb u HkMic^rn MBiaW jßfr- A 6-storcy commercial building with basement Retrofitting works to be completed end 1996 Located in the heart of Singapore's foremost commercial entertainment hub Near to City Hall Bugis MRT stations Strata unit sizes 2529
      73 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Sihanouk says he's willing to step down
        70 5 Reuter [PHNOM PENH] Cambodia's King Norodom Sihanouk has said he would abdicate if a referendum showed most voters wanted to end the monarchy and make someone like co-Premier Hun Sen head of state. "If an absolute majority of our people pronounce themselves against
        Reuter  -  70 words
      • Article
        Lock icon Mahathir to visit Balkan states
        73 5 Bernama [KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad will make an official visit to three Balkan states —Croatia, Bosnia-Herzegovina and Macedonia —from April 18 to 21. The foreign affairs ministry said Dr Mahathir will be accompanied by International Trade and Industry Minister Rafldah Aziz and
        Bernama  -  73 words
      • Article
        Lock icon Kohl to visit Indonesia in October
        50 5 Reuter [JAKARTA] German Chancellor Helmut Kohl will make a three-day official visit to Indonesia in October to boost bilateral cooperation, a German embassy spokesman said yesterday. He said other details about the visit were yet to be finalised. President Suharto visited Germany last April
        Reuter  -  50 words
      • Article
        Lock icon Rafidah share allocation probe over
        69 5 Bermama [KUALA LUMPUR] The Anti-Corruption Agency has completed its probe on the issue involving International Trade and Industry Minister Rafldah Aziz in the allocation 0f1.5 million units ofLeader Universal Holdings Bhd shares and over 4.1 million First Allied Corporation Bhd shares. A report ofthe investigation
        Bermama  -  69 words
    • Article, Illustration
      Lock icon Did someone say hang on?
      51 5 [PRACHUABKHLRIKHAN, Thailand] Thai parachutist Sawat Vensabai jumping out ofthe plane some9oometres in the air in an accuracy event before the 25th international Parachute Competition held in this southern province yesterday. Thirty countries firm Asia and Europe are taking part in the competition, which ends today.
      REUTER  -  51 words
    • Article
      Lock icon PLUS will be compensated: Samy Vellu
      143 5 KUALA LUMPUR AFP MALAYSIA will have to compensate PLUS for the delay in deciding on the company's request to raise tolls, Works Minister Samy Vellu said yesterday. He said the cabinet would decide on how much to pay Projek Lebuhraya Utara-Sela-tan (PLUS), which built
      AFP  -  143 words
    • Article
      Lock icon Patten expounds the Asian success story
      428 5 HONGKONG Ambition, economic liberty and free trade behind Asia's success, he says AFP ASIA's economic success is not a miracle nor a myth, but a reality based on ambition, economic liberty and free trade, Hongkong governor Chris Patten said yesterday. In prepared remarks for
      AFP  -  428 words
    • Article
      Lock icon Ex-minister moves to set up rubber exchange in Sumatra
      421 5 JAKARTA It would help smallholders bargain for better prices, says rubber association official Reuter A FORMER Indonesian minister is spearheading a surprise move to set up the country's second rubber exchange in North Sumatra, trade sources said yesterday. Bustanil Arifin, a
      Reuter  -  421 words
    • Article
      Lock icon N-power plant a last option: Jakarta
      163 5 JAKARTA AFP INDONESIA will only go down the road towards using nuclear power as a last option. Minister of Mines and Energy Ida Bagus Sujana was yesterday quoted as saying. Instead, the country would make other energy sources such as geothermal, solar, water, coal
      AFP  -  163 words
    • Article
      Lock icon Indonesia urges careful reading of its ranking as third most corrupt in survey
      246 5 JAKARTA AFP STATE Secretary Murdiono yesterday urged for caution in interpreting a recent survey which placed Indonesia as Asia's third most corrupt country. An annual survey of 12 countries by the Hongkongbased Political and Economic Risk Consultancy
      AFP  -  246 words
    • Article
      Lock icon 329 civil servants held for bribery
      157 5 KUALA LUMPUR AFP MALAYSIAN authorities arrested 329 civil servants for accepting bribes last year, and dismissed claims they were concentrating on petty cases and letting off prominent offenders. However, the number of people arrested for giving bribes was small, said Mohamed Zawawi Mohamed Nordin,
      AFP  -  157 words
    • Article
      Pasir Gudang, Penang to have 24-hr ports
      201 5 ■PORTKLANG PASIR Gudang port in Johor and ports in Penang will follow Port Klang in providing round-the-clock service soon, said Transport Minister Ling Liong Sik. Dr Ling said the 24-hour service would also include the customs and immigration departments. The move is in
      201 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Downward pressure on the renminbi
      698 6  -  CHDIAWATCH Mew tariff regime is boosting imports and slowing down exports Bp Lu Ning HANGHAI customs n M statistics released r 1 early this week show that in the three months to March, >i( Va exports through its V port fell by 3 per cent
      698 words
    • Article
      Lock icon China not resuming talks
      93 6 BEIJING AFP CHINA yesterday said it will not resume its dialogue with Taiwan, as the island's leaders have not clearly shown that they have renounced their quest for independence. "Taiwan authorities must really return to the one-China stand and stop splittist activities to create two Chinas
      AFP  -  93 words
    • Article, Illustration
      Lock icon Li Peng on four-day trip to France
      55 6 [PARIS] Chinese Prime Minister Li Peng, followed by his wife Zhu Lin, leaving his plane at Orly Airport on Tuesday. Mr Li is on a four-day official visit to France during which he is expected to sign significant contracts, notably on the purchase
      AFP  -  55 words
    • Article, Illustration
      Lock icon Patten suffers another setback
      275 6 HONGKONG AFP GOVERNOR Chris Patten's attempt to prevent China from scrapping and replacing Hongkong's legislature has received a setback with another adviser breaking ranks by backing Beijing's scheme. Raymond Ch'ien, a member of Mr Patten's executive council, said the provisional legislature planned by China "has been
      AFP  -  275 words
    • Article
      Lock icon Non-China investments surge 207%
      238 6 TAIPEI Taiwan's investment in 'other' regions soars 545% Reuter TAIWAN'S overseas investment, excluding that in mainland China, surged 207 per cent between January and March to U*****.75 million (511.02 billion) from the same period a year earlier, the Investment Commission said yesterday. Investment in unspecified "other"
      Reuter  -  238 words
    • Article, Illustration
      Lock icon Taiwan will not enter arms race with China, says Premier Lien
      301 6 TAIPEI Reuter TAIWAN Premier Lien Chan said yesterday the island would maintain strong defences but would not enter into an arms race with rival China. "We definitely will not enter a race in weapons (with China) because the economic
      Reuter  -  301 words
    • Article
      Lock icon China to focus on B share listings this year
      377 6 SHANGHAI Securities watchdog also aims to cleanup domestic futures market this year, says Shanghai paper AFP CHINA has announced it will focus on expanding the overseas listings of companies and implementing more effective measures to clean up the domestic futures market
      AFP  -  377 words
    • Article
      Govt and business leaders meet to discuss HK's future
      242 6  -  From Quak Hiang Whai in Hongkong BUSINESS leaders and senior Chinese and Hongkong officials will meet at a seminar tomorrow as part of an effort to map out a blueprint for Hongkong's economic prosperity beyond 1997 and boost business confidence in
      242 words
    • Article
      Lock icon Bond scheme for firms?
      102 6 BEIJING Bloomberg Business News CHINESE securities regulators plan to establish a pilot programme to let more state firms sell convertible bonds."First, we have to work out guidelines, then choose qualified companies," said Zhang Jinghua, deputy director of the listed companies department of the China Securities Regulatory
      Bloomberg Business News  -  102 words
    • SINO Brief
      • Article
        Lock icon Taiwan shares hit 11-month high
        85 6 Bloomberg Business News [TAIPEI] The Taiwan Stock Exchange yesterday closed at its highest level in 11 months on hopes that tense relations with China are over. The main index gained 178.31 points or 3.19 per cent to hit the 11-month high 0f5,768.03. "Jiang Zemin's statement
        Bloomberg Business News  -  85 words
      • Article, Illustration
        Lock icon Pirated software galore
        71 6 AFP [BEIJING] Dan Burton of the Washington-based Business Software Alliance, displays pirated copies of American CD-ROM software at a Beijing street market where hundreds of illegal software titles are readily available. Mr Burton and other senior representatives of US software, recording and music producers had on Tuesday
        AFP  -  71 words
      • Article
        Lock icon Yeltsin to make state visit to China
        53 6 Reuter [BEIJING] Russian President Boris Yeltsin is to make a state visit to China on April 24-26, the official Xinhua new* agency said yesterday. China and Russia would discuss relations and would sign a number of documents on cooperation during President Yeltsin's visit,
        Reuter  -  53 words
      • Article
        Lock icon Sino-US copyright talks end in silence
        77 6 AFP [BEIJING] Sino-US talks aimed at defusing a potential multi-billion dollar trade war over copyright infringements ended in silence yesterday with both sides refusing any comment. The United States' Deputy Trade Representative Charlene Barshefsky and Assistant United States Trade Representative Lee Sands left Beijing
        AFP  -  77 words
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      69 6 Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters please contact: Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE SERVICES People's Republic of China 24 RafTlc Placc #26 05 Clifford Centre English translation of all
      69 words
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  • ASIA
    • Article
      Lock icon Japanese reversing out of US properties
      468 7 LOSANGELES It's the boy-back of America as economic pressures at home force Japanese to seD eat, says US study Reuter JAPANESE investors, once accused of trying to buy America, are reversing direction and divesting their US holdings at an accelerating rate, a study released
      Reuter  -  468 words
    • Article
      Lock icon Worst over for Japan's economy: Fed official
      202 7 ■TOKYO AFP JAPAN'S economy has emerged from its worst period and will achieve 2 per cent growth or "a little better" this year, Lawrence Lindsey, governor of the US Federal Reserve Board, was quoted as saying yesterday. "The worst is over for the
      AFP  -  202 words
    • Article
      Lock icon US military may return 43 sq km of Okinawa land
      258 7 TOKYO AreaisabMt 18%«f tkelMicarrentlj ■aaihf US forces AFP THE US military is considering returning 43 square kilometres of land in Okinawa to civilian use, a senior Japanese Defence Agency official was quoted as saying yesterday. The amount of land under
      AFP  -  258 words
    • Article, Illustration
      Lock icon In full blossom
      44 7 [TOKYO] Japanese Prime Minister Ryutaro Hashimoto (left) sharing a smik with his wife wider full-blown cherry blossoms during an annual cherry viewing gathering at a park in Tokyo yesterday. On the far right is director-general cfthe Environment Agency, Su/cio Iwatare. AFP
      AFP  -  44 words
    • Article
      Lock icon Authorities raid 5 housing loan companies in Osaka
      201 7 ■TOKYO AFP JAPANESE prosecutors and tax authorities raided five housing loan companies yesterday, their first swoop on the troubled industry which has paralysed parliament and delayed the passage of this year's budget. Television showed investigators entering dozens of offices of the five
      AFP  -  201 words
    • Article
      Lock icon Japan's current account surplus in February down 40%
      339 7 TOKYO Reuter JAPAN'S surplus in its current account, the broadest measure of trade in goods and services, fell nearly 40 per cent in February. Economists expect it to keep dropping for at least the next few months. The surplus fell to 745.9
      Reuter  -  339 words
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      Page 7 Advertisements Column 1
      394 7 VANCOUVER'S PREMIER RESIDENTIAL ADDRESS SALES COMMENCE 10:00 AM, APRIL 13 14, 1996, THE SHAN6RI -LA HOTEL, SINGAPORE, GARDEN IA ROOM I THE BUILDING I I TJw ultimate In ftome I 37-storey twin towers fronting on both >. entertainment systems from 1200-bbck West Georgia and isoo-block Son Y» the world's leading
      394 words
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  • THE WORLD
    • Article
      Lock icon A fine line between scepticism and cynicism
      575 8  -  hmom Pi Man pays tribute to a fellow journalist who died in the plane crash along with US Commerce Secretary Ron Brown Thomas Friedman NYT IN THE spring of ***** was working in the Business Day section of The New York Times and
      NYT  -  575 words
    • Article
      Lock icon Fed official sees US job growth slowing down
      297 8 SIOUX FALLS, South Dakota Large man tUy gains real bat not sustainable Business News Reuter US JOB formation will slow from its torrid pace during February and March, Minneapolis Federal Reserve president Gary Stern said on Tuesday. "One of the things you
      Business News Reuter  -  297 words
    • Article
      Lock icon Dollar soars to 26-month high against the yen
      233 8 LONDON Reuter THE dollar helped European bourses higher yesterday when it surged to almost a sev-en-month high against the mark and a 26-month high against the yen, though it eased back later. Analysts said the dollar's rise was fuelled by expectations of
      Reuter  -  233 words
    • Article
      Lock icon US non-farm productivity down a revised 1%
      199 8 m WASHINGTON Bloomberg Business News PRODUCTIVITY fell by more than previously reported during the fourth quarter of 1996 as Americans produced fewer goods and services even as their hours on the job remained the same. Non-farm productivity a measure of the time, effort,
      Bloomberg Business News  -  199 words
    • WORLD Watch
      • Article
        Lock icon EU desides to keep bas on UK
        34 8 AFP {BRUBBILS] Tha European Union's Standing Committee decidsd yesterday to matnftw 4 exports ef British beaf products in It* entirety, edentiffcadviee that ita aß*mbrfc^ecop»ili^^t*:, g|mjhUfliiT The&iropamOpnagiiaiopliadairtlw llwi
        AFP  -  34 words
      • Article
        Lock icon French police back
        47 8 Reuter i —itii» l Mi^v aiai«ibi'iaf, ,v atrMpMaM tor today at France Itfe«a(M(||r^ plana In <-tamp llta Is ill i lalm at (lie piiaiiiititi ~~j prepares it up for partial prtaatiaaUoo. Tha poiki aafear *Jiid they too aafjjponoanied by ajjKißii inn IfQii dt diemantU&fthefafeUceanrioe.—And*-
        Reuter  -  47 words
      • Article, Illustration
        Lock icon Ways and Means ex-chairman gets jail
        40 8 AFP Mggra pbtenkowski, who for man tto> miji i<||Mi#tgnormoggpoww a» chairman of MMM totwitii pn»l. ptoartrd gnflly ffn Ttwtii^lßlWi^ charges and ww nitwtod to 17 mcAA#B|S33ESriS District abusedyourpoaitkm.TMl rill* tiiflli Roetenkowekfc sentenced to I7»wi^a'priac%*.
        AFP  -  40 words
    • Article
      Lock icon EC to give small firms access to US$1.3b loans
      348 9 ft BRUSSELS Proposed plan aimed at cutting firms' interest Burden ia4 creating 30,000 new jobs AFP E European Commission yesterday unveiled pros designed to give small Enies access to loans toE US$l.3 billion (SII.B with the goal of creating 30,000 new
      AFP  -  348 words
    • Article
      Lock icon Merger mania forecast to continue in pharmaceutical sector
      321 9 iLONDON Reuter THE global drugs industry is ftt for another year of merger mania as the wave of consolidation sweeping the sector Jhows no sign of abating, the Association of the British Pharmaceutical Industry (ABPI) said yesterday. "Major changes will continue in
      Reuter  -  321 words
    • Article
      Lock icon China to sign US$ 1.5b Airbus contracts
      131 9 PARIS AFP fHINA was to sign a series of don tracts yesterday evening ror firm orders of 30 Airbus Eand three A-340s for a mount of almost US$l.5 (Ss2.l billion), sources f- The order for the 150-seat A-320s amounts to US$l.l billon and
      AFP  -  131 words
    • Article
      Lock icon Jobless numbers fall, rebound seen
      487 9 NUREMBERG, Germany LiburOfßceiayi freezing weather prevented the rate frem faffing farther Bloomberg Business News THE German unemployment rate fell in March from February's post-World War n record in what analysts called a sign the economy has touched bottom and is poised to rebound. The jobless
      Bloomberg Business News  -  487 words
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      Page 8 Advertisements Column 1
      154 8 Class AC T. If you're going places, why not travel there in style? At IntraMotors we have a wide variety of luxury Rovers and Holdens in excellent condition now available for rental or leasing. You'll find our rates unbelievably attractive. For more Is information call 378 0813, or visit our
      154 words
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      Page 8 Advertisements Column 2
      8 8 Japaa'a uuiml account surplus down 40%, Pg 7
      8 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      65 9 Christofle Paris Porcelain Alliance and Floral Microgold Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Eapace Christofle: Miami 176 Orchard Ro*d, Level 4, Centrepoint, Singapore *****3. '•eta Swlta Level 4,350 Orchard Road, Shaw House, Singapore *****8. Takatfciaaya Singapore Basement 2,391 Orchard
      65 words
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      Page 9 Advertisements Column 2
      300 9 NEW-TECH•PARK |l| Singapore's Premier HighTech Industrial Building I ifflfo C me Apri 96# the nCW extension at site management and service support. I I mam mmm New Tech Park will be available for Other amenities include an air-conditioned I I J lease. With unit size ranging from food court. ATM
      300 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Singaporeans must break out of meek mould
      767 10  -  THE BOTTOM LIMB OPINION By Ong Wee Hock The writer was with the Economic Development Board for more than 15 years and last worked as general manager of CSA Holdings ARE Singaporeans mere copycats? Certainly not if you consider the political leadership which
      767 words
    • Article
      MAILBOX
      189 10 Asia ties a priority In Canberra I refer to your Bottomline column "Howard puts Asia push on back burner" (BT, Apr 9). Overwhelmingly, the piece misses the point of the new Australian government's firm and continuing commitment to closer engagement with Asia as our highest foreign policy priority. In
      189 words
    • Article
      Making shopping abroad too taxing
      597 10 EDITORIAL THERE are those who question, with some justification, the value of a newly-enforced tax in Thailand on luxuiy goods bought in shopping sprees abroad. But if the government studies the root of the problem and makes some adjustments, it could result in a win-win
      597 words
    • Article, Illustration
      Security issues draw US and Japan closer
      935 10  -  TmlphWiu Strait haapuM tradenames aside topmytraMiilif strategic ties, making By] Leon Hadar The writer is BT's Washington correspondent FOR more than three years, the Clinton administration's policy towards Japan has been dominated by the "geo-eco-nomic" paradigm. It is a notion that in the
      935 words
    • Article
      WHAT THE OTHERS SAY
      802 10 Growth stories of the y«*r BY THE standard creed of veteran cold warriors, it is a biting irony: Last year the two largest of the world's four remaining communist countries, China and Vietnam, had the highest economic growth rates in the world. And not only that,
      802 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      48 10 POOOTSBBPRYify Gary Trudeau Hill BERME, i CAN'T Titzcneqf TmFESKx&BiL-1 1111 BeueveYOuex- mes of leadership, mikb. 1 I beth. they've been with I smacLoop XT uell that] Jm* Peer MB TO \MS StMCS THE B6OINNING. J E WOULD I Wf \HANP- FIRE ALL f "jC BT JMMULTI-MIL' J TAKETtte
      48 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Pawnbroker of myth dies
      874 11  -  Popular American novelist Richard Condon died in hospital on Tuesday. MEL oussow pays tribute to The Manchurian Candidate creator MEL GUSSOW NYT Richard Condon, the fiendishly inventive novelist and political satirist who wrote The Manchurian Candidate, Winter Kills and Prizzi's Honor, among other books, died on
      NYT  -  874 words
    • Article, Illustration
      Lock icon Showing journalists at work
      697 11  -  PULITZER PRIZES This year's awards art across nearly all aspects of what newspaper does By Iver Peterson NYT fNEW YORK] The news from overseas last year was filled with turmoil, and the Pulitzer prizes in journalism that were awarded at Columbia University on Tuesday honoured two
      NYT; REUTER  -  697 words
    • Article
      Lock icon Whodunit? Ask Primary Colors editor
      490 11  -  BOOKS file editor of the new Clinton bestseller becomes the focus of media attention By, Jocelyn MoClurg LAT-WP [NEW YORK] Daniel Menaker sits in his cramped Random House office and holds a typewritten letter from his pal "A". Yes, that "A". Anonymous. "I could probably
      LAT-WP  -  490 words
    • Article, Illustration
      Lock icon The year of the rookie?
      655 12  -  GOLF It's been 17 years since a first-timer has won the Masters. But this year, things may change By Larry Dorman NYT [AUGUSTA] When Michael Campbell, Masters rookie, arrived at the 12th tee at Augusta National this week for his first shot at the meanest
      NYT; REUTER  -  655 words
    • CHATTER Box
      • Article
        Lock icon Tyson named in sexual battery case
        111 12 AFP [CHICAGO] Heavyweight boxing champion Mike Tyson, who spent three years in jail for rape and remains on probation, has been named in a sexual battery complaint .f filed here, police said on Tuesday. A spokesman for the Chicago Police Department said a complaint
        AFP  -  111 words
      • Article, Illustration
        Lock icon Brando regrets remarks, says rabbi
        168 12 AFP (LOS ANGELES] Actor Marlon Brando, caught in a firestorm over his televised remarks about Jewish filmmakers, called a Holocaust centre to "express his remorse", a rabbi said on Tuesday. Rabbi Marvin Hier, the founder of the Simon Wiesenthal Center here, said the actor had
        AFP  -  168 words
      • Article
        Lock icon Ex-Disney boss seeks profit share
        92 12 NYT [HOLLYWOOD] Jeffrey Katzenberg, the forma: chairman of Walt Disney Studios, filed a lawsuit on Tuesday seeking*, at least U***** million (SS36I million) from Disney, contending that the entertainment giant had foiled to give a him his rightfUl share of the profits of blockbuster films
        NYT  -  92 words
    • Article, Illustration
      Lock icon In the heat of the moment
      793 14  -  MOTORING Here lifestyle cars are plying S'pore reads despite the equatorial climate By i Christopher Tan CONVERTIBLES may well be inappropriate in this weather. But so are Zegnas and Armanis, really. Nevertheless, they sell well the suits, that is. Sweltering heat, numbing humidity and
      ALLAN  -  793 words
    • BUMPER to BUMPER
      • Article
        All set for motor show in Nov
        100 14 THIS YEAR'S motor show is Mt for November and will be f held at the World Trade Centre. Organised entirely by the Singapore Motor Traders Association, the show wig feature concept cars as weU as new models that are likely to make their
        100 words
      • Article
        Daewoo wants to be best-seller...
        93 14 DAEWOO may be among the world's top SO corporations with revenue In exoaaa of ISO billion, but lta cars aetdoai fire the imagination. Models such as the Raoer.Nexta and Espero are value for money but little else. Still, fee <$ company plans to be one
        93 words
      • Article, Illustration
        And here's a Daewoo cabrio for a start
        24 14 SKS&ft Thr lltrWuin im TWrnipti martilno win \m mi fttijiaj t;f at thla year's motor thow.
        24 words
      • Article
        Volvo moves – lock, stock and channel
        74 14 Volvo moves lock, stock and channel VOLVO is iroving house en bloc. From May 6, the Swedish motor group's regional presence wffl be headquartered in Mmenia Tower, where it has taken the entire Ztod floor. Spanning to 18,000 aq m, the new premises will howe/ Velvo Bast Asia, Volvo Group
        74 words
      • Article
        Harley
        35 14 Thafliin«l«MHoDitoPtwfflbeia«kfayth>ir«»oSS^S |gyflprtaM»t toFhukat this waatoand. NumbartntaHM thaconvoy will make slops in Kuala Umapß^'^ |Swiy«l and eoaios w on *8 yttvwlll party®* dm day* befivetijg* Jttftlttt yaar at an Aafcm varaion of v ftiitrlnwrtlftrtpj^Mjl T
        35 words
      • Article
        The Peugeot hatchback is back
        18 14 FKOOlOtimjiik ii ft«ttiiilrid 1.4 mfflfaw fwyMyUU, It aactyaar. ""!™J--s©s=»#:. r y ».-r SHHHHmBMHRHHHHHBHHMHHHHK
        18 words
    • Article, Illustration
      Dramatic and different
      657 14  -  ARTS FESTIVAL 1996 By i Corinne Kerk DRAMATIC, diverse and different seem to be the best way to describe this year's Singapore Festival of Arts, the biennial event for arts lovers. The festival, which kicks off on May 26 and closes on June 27, will greet audiences
      657 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      41 11 Don't cry over spilt milk, save your tears for your spilt beers. Especially Guinness. Go get one. Now. CT)u66v COurpby's Irish Bar and Restaurant serving Guinnem Draught Opening This Week 442 Orchard Road #81-01/01-06 Orchard Hotel Shopping Arcade Tel: 735 0400
      41 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      217 11 THE WEATHER Singapore: Showers over several areas in the morning. Temperature (32-24) Arii'Actto Hl/Lo* Good. Eonpt Hi/Lo* Good. ftuwlii m/Lo* (loud) Amsterdam 11/07 (loud) Atlanta JflJ Sums 36-24 Showers Afl» 18/ OH Sunov Kumios Aires 2&'09 Suanv fW SMW *"»> Brrtm 1104 Cloud> (lncagD XiAU Cloudy Bomber »25 (loud) Bom
      217 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      458 12 I J| nTO WINE DIME AND entertain f > BCQk I Love It! mammmm LONG BEACH MARINA SEAFOOD RESTAURANT (Car Park A) Planet Marina Manna South Singapore *****1 Open Daily: 5.00 pm 130 am Teh 323 2222 Fwr »nqulrt— lOfflc* Hour») Tel: 338 9398 Fax; 338 6398 I N^oafH Catch
      458 words
    • Advertisement
      Page 12 Advertisements Column 2
      155 12 BBS 111 ■i■ MI *****1 HI I i The Mezzanine. It's the ideal place for you to tit back and unload. Then unwind over your favourite drink to the cool, unplugged rhythm of our resident band. We're expecting you. Happy Hours Finger Snacks spm to Spm. Cocktails k Entertainment: Spm
      155 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      642 13 Singapore Business -Giving you the winning edge Where to wine, dine and entertain Unwind witk golden bubbles at tke Hubert us Grill tkis Sunday witk a free glass of Gold Sekt Champagne, containing real 24 carat gold flakes. Tke perfect compliment to a Sunday Brunck, tkat even King Midas find
      642 words
    • Advertisement
      Page 13 Advertisements Column 2
      29 13 6.30pm to 10.30pm, Mondays to Thursdays. Adult: $23.00*/ Child(below 12 yrs): $14.50* PHOENIX COFFEE HOUSE Hottl Pkoaaix Bui»»t Orchard Road/ So««r».t RoadL S(*****8). T«l: 757 BCCC 'fncm—kimtm IMamndwftaado^pnMlulai^ GST.
      29 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      606 13 TV&BADIO IHiHIHHHHHHHMfIH HM s Maid MM Girls in Tokyo (Japanese m pm Th« winnara Scrvicc (Drama). Drama). r!J Mnnlv Mnn!? Mnnav AM Extra International. HM TV Innovations LM Money, l« a Class Act. LM AM Close. Ajan Property Report. u 20 ■HMBMMM £2 0W £2 AM Morning News/CNN. Ml Abbott
      606 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      176 13 CRVPTIjj CROSSWORD 1 Went by canoe perhaps and got —1 one's feet wet (7) 5 Trade vehicles on the road (7) 11A second answer forgiveness annoyed (10) the alternative response (s£) 28 One murmuring about sales- I I I I 1 I I I I I 1 I man in
      176 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      133 14 f THE GREAT ESCAPE...LOMBOK! 1 Our 40% OFF offer is just the excuse you need to unwind in Asia's most relaxing new tropical getaway. Set within 5 hectares of lush gardens on Senggigi Beach is the new Holiday Inn Resort Lombok which offers gracious and secluded chalet accommodation. Now, with
      133 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Far East Levingston to issue US$120m convertible bonds
      416 15  -  Grwpuiagtl» 5-year unsecured Cite tap tarn tads at bramble rates ftr ■BSUieSS frvWUI Conrad Raj (SINGAPORE] Keppel Corporation's listed subsidiary, Far Mrt Levingston Shipbuilding, plans to issue US$l2O million *****9 million) worth of convertible unsecured bonds carrying an interest rate of 1.5
      416 words
    • Article, Illustration
      Lock icon Marco Polo stocks hit high on asset value
      358 15 Redevelopment potential of Omni Marco Polo among factors, says analyst Bloomberg Business News [SINGAPORE! The stock of Marco Polo Developments Ltd, a hotel and real estate company, rose to a record high as investors found value in the company's assets. "Investors are
      Bloomberg Business News; Source: Bloomberg  -  358 words
    • Article
      Why the S-League deal may not be as sweet for YHS
      742 15  -  HOCK LOCK SIEW Lee Han Shih i Im Ts a good deal for Pepsico International. It's certainly a I good deal for the S-League, Singapore's fledgling professional ■H football league. But is it also good for Yeo Hiap Seng
      742 words
    • Article
      Substantial shareholder trims stake in G K Goh
      179 15 [SINGAPORE] GKG Investment Holdings Pte Ltd, a substantial shareholder of G K Goh Holdings, has further reduced its stake in the listed stockbroker. The private company sold 133,000 shares and 90,000 warrants on Tuesday. The shares were aokl finover $250,000, giving an
      179 words
    • Article
      Autoindustries plans to buy 60% of electronics firm
      307 15  -  Proposed M527.9m acquisition of Nucleus will ghre car parts maker foothold in electronics and IT From Ruth Wong in Kuala Lumpur CAR parts maker Autoindustries Corporation Bhd (AIC) is proposing to buy a 60 per cent stake in Singapore's electronics component distributor
      307 words
    • Article
      Lock icon Sing Tel to probe mis-reporting incident in Lankan radio station
      172 15 AFP SINGAPORE Telecom said yesterday that it is investigating an incident in its 50 per cent owned Sri Lankan radio station after one of its broadcasters was arrested for creating panic by announcing a nationwide curfew. The AFP news wire
      AFP  -  172 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Giordano stock falls amid talk of 20 store closures
        494 16  -  Reports say ramonred closures in China doe to poor sales bat analysts see other reasons From" Quak Hiang Whai w Hongkong SHARES in Hongkong-based clothing retailer Giordano International continued to come under selling pressure yesterday as the company failed to address
        Source: Bloomberg; ALLAN  -  494 words
      • Article, Illustration
        Lock icon Astra profit jumps 32% to 370b rupiah
        372 16 Indonesian carmaker expects lower earnings this year amid new competition Bloomberg Business News [JAKARTA] PT Astra International, Indonesia's largest carmaker, warned that it faces lower profit in 1996 amid new competition after earnings last year rose a higher-than-expected 32.6 per cent. Company officials
        Bloomberg Business News; Source: Bloomberg; BCRUZ  -  372 words
      • Article
        Lock icon Ayala plans 1b peso preferred share issue
        202 16 Reuter [MANILA] Philippine conglomerate Ayala Corp plans to issue one billion pesos (5553.97 million) worth of convertible preferred shares, documents obtained from the underwriter showed. Ayala will sell the class B preferred shares at their par value of one peso each. They can
        Reuter  -  202 words
      • Article
        Lock icon Bangkok gives Hopewell 3-month financing deadline
        132 16 AFX-Asia [BANGKOK] Thai Deputy Prime Minister Thaksin Shinawatra said Hopewell Holdings Ltd and HopeweU Thailand have been given a three-month deadline to show evidence of concrete financing for their elevated rail and road project. The Bangkok Post quoted Mr Thaksin as saying he wants
        AFX-Asia  -  132 words
      • Article
        Lock icon New World's Victoria Hotel sale to go through: report
        117 16 Bloomberg Business News [HONGKONG] New World Development Co Ltd will complete its HK$4 billion (*****.8 million) sale of Victoria Hotel, a Hongkong hotel that will be turned into an office building, the Chineselanguage Ming Pao Daily News reported yesterday, citing company
        Bloomberg Business News  -  117 words
      • Article
        Land & General in talks to buy Aussie building
        495 16 Land General in talks to buy Aussie building lrsteipNpmay pay ever Aslooin far the World Trade Centre: report [SYDNEY] Malaysian corporate giant Land General Holdings is understood to be in final negotiations with the Victorian government to buy the controversial World Trade Centre in Melbourne's CBD for more than Asloo
        495 words
    • COMPANYBriefs
      • Article
        Sembawang sells telecoms services unit
        70 16 {SINGAPORE] Semba wang Corporation has given up on its venture into telecommunications services and broadcasting. The company said yesterday that it had sold Sembawang Communications to Michael Chow, the man running the former subsidiary. Mr Chow, SembComm director and chief executive officer, will pay $600,000
        70 words
      • Article
        SPH appoints treasury, investments GM
        83 16 [SINGAPORE] Singapore Press Holdings has appointed the managing director of Prudential Portfolio Managers Singapore, Thomas Roh. general manager of its treasury A investments department Mr Koh, who will Join SPH on Monday, reports to the executive chairman, through the executive director, the company said yesterday.
        83 words
      • Article
        Rumours driving Seksun stock untrue
        59 16 [SINGAPORE] Seksun Precision Engineering yesterday said that a sharp rise in trading of Seksun shares recently could be due to rumours of an impending bonus issue, an upgrading to the mainboard and overseas ventures. But it added that there were no immediate plans to do
        59 words
      • Article
        Acer doubles investment in S Korean unit
        71 16 [SINGAPORE] Aon* Computer International has mora than doubted Its investment in subsidiary Acer Korea. Tha company said yesterday that it injected 3.1 billion won ($5.6 million) into the subsidiary, raising the latter*s paid-up capital to 5.46 billion won. This further investment is in
        71 words
      • Article
        Shang reaps HK$3.4m from TVE shares
        53 16 [SINGAPORE] Shang Hidings will record an extraordinary gain of about HK$3.4 million (Ss6l6#)7) from the sale of 2.1 million TVE (Holdings) shares to South China Morning Post (Holdings). Shang said it had accepted SCMFs raised offer and opted for the cash alternative of HK52.75
        53 words
      • Article
        Informatics maintains stake in associate
        64 16 [SINGAPORE] Informatics Holdings has fully subscribed for its share of a capital expansion at aseociatelGHTPte Ltd. The company said yesterday that it paklcash for 158,989 new IQlfr shares at par, maintaining its 40 percent stake in the associate. IGHTs paid-up capital is now $400,000, up
        64 words
      • Article
        Corrections and clarifications
        51 16 IN OUR April 6 Hock Lock Slew column on PTGudang Garam, the financial results cited in the column were forecast earnings for the year ended Dec 31,198&. We wrongly said they were the actual 1986 results, which have yet to be announced. We are sorry for the
        51 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon CS Holding seeks merger talks with UBS
        597 18 A successful union would create a global investment-banking powerhouse with strong US business Reuter [ZURICH] CS Holding AG and Union Bank of Switzerland (ÜBS), two of Switzerland's largest banks, have taken the first steps towards a merger that would create one of the
        Reuter  -  597 words
      • COMPANY Briefs
        • Article
          Lock icon Motorola earnings up 3% in first quarter
          93 18 Reuter [SCHAUMBURG, Illinois] Motorola Inc said on Tuesday its earnings rose just 3 per cent in tha first quarter, despite a nearly 16 per cent jump in sales. Ths company said tfas results reflected competition in the cellular telephone business and weaker demand
          Reuter  -  93 words
        • Article
          Lock icon Nasdaq stock market opens Wab site
          80 18 Bloomberg Business News [WASHINGTON] The Nasdaq stock market said on Tuesday that it has opened a World Wide Web site that will offer access to information about 23 per cent of the 5,149 companies listed on the nation's second largest mar** The home page
          Bloomberg Business News  -  80 words
        • Article
          Lock icon China bicycle king finds going tough
          56 18 Reuter [SHANGHAI] Shanghai's Phoenix Co, China's top producer of bicycles, posted disastrous results yesterday. Phoenix's post-tax profits phmged by 99.14 per cent t036^1 million yuan (Ss6.l million) in 1996 from 117.66 miHion yuan in 1994, with turnover dropping by 3.79 per cent to 1.675bi11i0n
          Reuter  -  56 words
      • Article
        Lock icon Digital, MCI and Microsoft in tie-up to deliver Intranet products
        385 18 Service to private business networks will be launched in June or July Reuter [BELLEVUE, Washington] Digital Equipment Corp, MCI Communications Corp and Microsoft Corp said on Tuesday they were forming an alliance to deliver "Intranet" products and services to business
        Reuter  -  385 words
      • Article, Illustration
        Lock icon All the Colonel's men
        63 18 [CHICAGO) Sheldon Baren (centre) and a group ofabout 30 men dressed like the late Colonel Harlan Sanders, the founder of the Kentucky Fried Chicken Fast Food chain, watch the home opener of the Chicago White Sox at Comiskey Park on Tuesday. The group was given tickets
        AFP  -  63 words
      • Article
        Lock icon IBM and Apple said to be near software licensing agreement
        323 18 But pact unlikely to lead to manufacture of Macintosh clones NYT [SAN FRANCISCO] IBM's chip-making division and Apple Computer Inc are said to be close to concluding a licensing deal for Apple's Macintosh software operating system. But while Apple's stock
        NYT  -  323 words
      • Article
        Lock icon China holds the key to merger plans of British Telecom: analyst
        357 18 Reuter [HONGKONG] Beijing holds the key to Hongkong Telecommunications Ltd and hence to the proposed merger between British Telecommunications pic and Cable Wireless pic, a Salomon Brothers analyst said yesterday. C&W's 57.5 per cent stake in HK Telecom was
        Reuter  -  357 words
      • Article
        Lock icon News Corp may buy Ansett NZ
        132 18 Reuter [WELLINGTON) Ansett Australia shareholder News Corporation would buy Ansett New Zealand outright to meet Commerce Commission objections to Air New Zealand's acquisition of half of Ansett Australia, News Corp director Ken Cowley told Ansett NZ staff yesterday. News Corp was determined to overcome
        Reuter  -  132 words
      • Article
        Lock icon Soros buys 3.6% stake in Lloyd's investment fund
        347 18 Bloomberg Business News [LONDON] Lloyd's of London's reorganisation plan has won a vote of confidence with the announcement that fund manager George Soros has acquired 3.6 per cent of CLM Insurance Fund Pic, which provides capital to the insurance market. The London-based
        Bloomberg Business News  -  347 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon US funds' heavy buying of M$ against S$ causes stir
        362 19 Mmipftrkaiky expectations of higher interest rates in lTsia, say dealers AFP [SINGAPORE] Hongkongbased US funds surprised the market yesterday by heavily buying the Malaysian ringgit against the Singapore dollar, dealers and analysts said. The trading on the Malaysian ringgit came
        AFP  -  362 words
      • Article, Illustration
        BZW chief executive David Band dies of heart Mure
        407 19  -  Byi Catherine Ong [SINGAPORE] David Band, the London-based chief executive of Barclays de Zoete Wedd (BZW), died recently of a heart attack at the age of 53. The urbane Oxford-educat-ed banker was on a 3kiing holiday with his family in France
        407 words
      • Article, Illustration
        Lock icon Proper control crucial for freer insurance sector
        424 19  -  UN expert says many govts seek control because of industry's strategic role By Soh Tiang Keng [SINGAPORE) An effective regulatory system should be put In place before a country liberalises its insurance industry. a top United Nations insurance expert said here yesterdky. Speaking
        CHRIS LOH  -  424 words
      • Article
        Lock icon Bank of Thailand: no plans to change forex policy
        164 19 AFX-Asia [BANGKOK] The Bank of Thailand said it has no immediate plans to change its current foreign exchange policy. "I have heard absolutely nothing in-respect to changing the bank's policy, or methods, in respect to foreign exchange management and there are
        AFX-Asia  -  164 words
      • Article
        Firms warned about risks in independent power projects
        411 20  -  The wtrryia that to« much risks may be assumed by bidders tegrabapesitieii in the market By\ Siow Li Sen INCREASING competition in the region among companies to land independent power projects (IPP) could result in bidders assuming too much risks, which in
        411 words
      • Article
        Lock icon Commodity price rise may hit bonds
        182 20 Reuter [NEW YORK] Gold prices near US$4OO (*****) an ounce, heating oil at a 4 Vt year high, and a key commodity price index at its firmest level in 7v* years, could all spell trouble for the US bond market in the months to
        Reuter  -  182 words
      • Article
        Lock icon Japan's jet fuel needs seen slowing down
        435 20 IMesteetitiiic growth and limited flight capacity will affect demand Reuter [SINGAPORE] The growth of Japan's jet ftiel demand is expected to slow to 3.9 per cent fin* the rest of this decade due to modest economic expansion and limited capacity for international flights,
        Reuter  -  435 words
      • Article
        Lock icon BOJ's comments boost Euroyen
        217 20 m—u« Report Reuter [SINGAPORE] Simex Euroyen futures ended higher yesterday, boosted by late afternoon buying on the back of comments by Bank of Japan governor Yasuo Matsushita. Mr Matsushita's statement that it was too early to draw any conclusions about the strength or extent of Japan's
        Reuter  -  217 words
      • Article
        Lock icon CURRENCY REPORT
        157 20 AFP W»w York The dollar remained steady yesterday against other major currencies after a slight gain in London was deflated on profit taking. At 1420 GMT, the dollar was traded at 1.4972 German marks from 1.4970 marks on Tuesday and at 108.38 yen from 108.30 yen. Against other
        AFP  -  157 words
      • Article
        Lock icon Shares of US oilfield companies rally
        305 20 ENERGY REPORT Bloomberg Business News [DALLAS] Shares of oilfield service companies posted their biggest one-day rally in more than a month amid rising demand for drilling rigs and higher prices charged for operating them. The industry turned in the second-biggest gain among the 90
        Bloomberg Business News  -  305 words
      • Article, Illustration
        Untitled
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        930 words
    • Article
      COMMODITY PRICES
      1269 21 POOM FUTURES Apr w SRSsssasai"H fs^ 3 S~~& £J* 2M5 nuo tso m *2* m.00 ifwo too moo 2H? ihoo mso too 3*29 Sfc2 *hoo mm ih4o iso mso mM 2475 W*»rr 194.00 mi cemm wo**# vmm* omm WIW»__ im tn Sett (tVMM) Mmit 55 iS* M400 290
      1,269 words
    • Article
      WORLD STOCK MARKETS
      1881 21 *FW tofcstrlds twm A. A. Carp A* .*2 -1/4 AS Part* 293 -2 Akkpy National S40 -2 AHodLyono 493 -9 A«0C 109 S *W4 323 9 Aid* Grow (OS 1/2 -1/2 •ATI*- 909 -2 33* -3 •OC«rw»___ Mi *4 S« Pill Him 9M *41/2 •TR 319 -2
      1,881 words
    • Article
      Lock icon TOKYO
      1549 21 Reuter gißktoi22s +47.53 SHARES ended firm yesterday, shrugging off worries over high-techs after US semiconductor data. Brokers said yesterday's resilience proved the underlying strength of the market, helped by demand from domestic institutions and individuals, as well as foreigners. The 225-share Nikkei Average closed up 47.53 points or 0.22
      Reuter  -  1,549 words
    • Article, Illustration
      Lock icon HONGKONG
      1575 22 Reuter D Hang Seng -2UB STOCKS closed modestly lower yesterday after spending the session wandering aimlessly in narrow ranges. The blue-chip Hang Seng Index slid 29.82 points to 11,077.55. Turnover stayed thin at HK54.32 billion against Tuesday's adjusted HK54.36 billion. "The market has lost direction, with chances of further
      Reuter  -  1,575 words
    • Article, Illustration
      Lock icon CHINA
      599 22 Reuter Q Shanghai B Share Index ♦0.444 SHANGHAI'S B share index ended firmer yesterday, led by buying of blue-chip Shanghai Yaohua Pilkington Glass, brokers said. The index rose 0.444 point, or 0.90 per cent, to 50.017 points, as volume climbed to 5.6 million shares worth US$2.5 million compared with
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  599 words
    • Article
      Lock icon TAIPEI
      380 22 AFP Pwpmw ♦naa SHARE prices finished 3.2 per cent firmer yesterday at an 11month high as institutional and individual investors snapped up banking and insurance stocks. "Foreign institutions and domestic fund managers as well as retail investors mainly pursued long-depressed and laggard banking and insurance shares," said Blair Hsu
      AFP  -  380 words
    • Article, Illustration
      Lock icon JAKARTA
      735 22 AFP Reuter nOwnpoßteMg +158 SHARE prices closed 1.1 per cent higher yesterday, with investor confidence boosted by the apparent resilience of Asian markets to Wall Street's declines. "The market was quite active and it was gaining its strength again. But in terms of value, locals were really active, spinning
      AFP; Reuter  -  735 words
    • Article, Illustration
      Lock icon BANGKOK
      765 22 AFP +L 54 SPECULATIVE buying in the finance and banking sectors lifted shares 0.1 per cent yesterday, brokers said. "The market was driven by selective buying in the key sectors of banking and finance," said Aswin Butcha of Ekapat Finance and Securities. The Stock Exchange of Thailand Index rose
      AFP  -  765 words
    • Article
      Lock icon MANILA
      349 22 AFP nmm» *3Lc SHARE prices rose 1.1 per cent yesterday as investors eagerly re-entered the market after a break lasting four trading days. The Philippine Stock Exchange Composite Index rose 31.63 points to close at 2,994.42 points. Turnover rose 46.8 per cent from the previous session to 5.901 billion
      AFP  -  349 words
    • Article
      Lock icon SEOUL
      386 22 AFP DOfMtehiß 4jß SHARE prices edged down 0.1 per cent on the Korea Stock Exchange yesterday as investors had a mixed outlook for the market after today's parliamentary elections, brokers said. "Bargain hunting and profit taking were locked in a tug of war amid conflicting post-election scenarios," said Chang
      AFP  -  386 words
    • Article
      Lock icon SYDNEY
      578 22 AFP HAlorfc»riti *AA SHARES closed 0.2 per cent higher yesterday under the positive influence of a strengthening resource sector, brokers said. The All Ordinaries Index, rose 4.4 points to finish at 2,225.4. National turnover totalled 228.66 million shares valued at AJ652.83 million, with declining issues just outnumbering those advancing
      AFP  -  578 words
    • Article
      Lock icon WELLINGTON
      260 22 Reuter PWeDmgtan *&87 SHARE prices ended strongly, the main feature being a rebound in the Fletcher Paper stock. The NZSE-40 Capital Index ended 8.87 points higher at 2,136.65 on healthy turnover of NZ$53 million. —Renter m rmm AMZBanUng 6.73 003 9472 Advantage* 1.65 *0.02 ***** Mr Nm Zealand (A)
      Reuter  -  260 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Blue chips rise, led by Tenaga, Telekom
        7168 23 KUALA LUMPUR Reports Bloomberg Business News Index +17,84 STOCKS rose to their highest point this week as investors bid up blue chips on the view that the Malaysian market will be hurt less than others if US interest rates rise. "When institutional investors
        Bloomberg Business News  -  7,168 words
    • WARRANTS & OPTIONS
      • Article
        BZWs OUB (F) warrants a buy
        3366 24  -  WARRANT WATCH By\ R Sivanithy REGULAR readers of this column would know that In a perfect world, the ideal warrant to buy would have zero or no premium, have a reasonably long period left before their expiry and offer the investor high gearing. A
        3,366 words
    • Article
      CLOB INTERNATIONAL
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      1,934 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        849 25 TUMOVE! COOO) VAiUC COOO) rT -if Cl» TIW m» cut Til gfclWM 230H OW 363W »v« 130,426 n*W 5.1*3 2,690 7383 »W 6.003 um ItaMt 4353 172 4,727 13,069 399 VM20 grwwwi ISM ion asM 39,03t M77 4570a maw»m m m 2.232 2,292 MM* 3*7 347 10*9 1.069 W.W MM
        849 words
      • Article, Illustration
        Shares recover further but focus falls on M'sia market
        851 26  -  STOCK MARKET COMMENTARY Pockets of baying interest in S'pore suggest the foreign buying tide will torn this way soon By R Sivanithy [SINGAPORE] The Malaysian market provided the focal point for yesterday's stock market action following more reassuring signals from Wall
        851 words
      • Article, Illustration
        HOT STOCK
        74 26  -  I JBbr! Paul Leo INNOVEST rose forty cents to 94J& a two-year high, with 2.93 million units traded 2.4 times the lOday average of IJI million shares done. The strong demand skouid push the stock up another ten to twenty oents but caution is advised as the RSI
        74 words
      • ON THE GRAPEVINE
        • Article
          Gas who?
          77 26 TALK about being named for the job. The initials of Mr Nayoan, a senior executive of Indonesia's Pertamina in charge of gasfieki development, is, you guessed it, G A S. It wasn't clear from Mr Nayoan's name card what the initials stood for. Suffice it to say that
          77 words
        • Article
          Virgin visitor
          99 26 LISA Leeeon, wife of Jailed Barings rogue trader Nick Leeeon, finally got her wish of swapping her waitrese job in south-eastern England for an airline Job so that she can visit her husband at Singapore's Tanah Merah Jail mors cheaply. Richard Branson's Virgin Atlantic Airways yesterday said it
          99 words
        • Article
          Sleepless in Singapore
          82 26 THAT Union Bank of Switzerland and Credit Suisse have taken the first steps towards a merger has meant sleepless nights for some senior managers at the Singapore branches erf the two banks. If a merger comes about the possibility of staff retrenchments is real as the two
          82 words
        • Article
          Debtsmater, Vietnamess-style
          125 26 VIETNAMESE banker Do TrungKien doesn't mess around when it comet to collecting debts. He has proven that an AK47 rifle is a touch more effective thiui a stern fax or reminder. Mr Kien, deputy manager of a bank in Ho Chi Minh City, reportedly orchestrated a commando raid
          125 words
        • Article
          Short & sweet
          42 26 Short sweet Asian Finance and In veetaent Corporation's US$4O million Floating Rate Notes due 1000 will be shortened to AF!C frnOOOTOSC with effect from April 12, according to a Stock Bxchangs ofSingspore circular yesterday. Now, why didnt they think of that earlier?
          42 words
    • Article
      MAIN BOARD
      4364 25 Or or mm mt Last Vet Day Last Oueto Ot* Mv VM Nat Cap A«g H# Leer StNe Company Wt POOP) High Iwi Buyer Mhf Cut P/K %m» Ww 5146 ASC NTSM 200—— US- 2M MS 1258 Acer SOc USMI -2 KM 184 Ml Ml M4 5.0N 7.5
      4,364 words
    • Article
      SESDAQ
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      770 words
  • Page 15 Advertisements
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      85 15 The leading derivatives exchanges in Europe and Asia have linked up to offer global market users direct access to the world s most liquid Euroyen contract (open interest, 1.2 million lots) throughout the trading day. To find out more about the new Three Month Euroyen futures contract call the Designated
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      61 16 Pot Dispenser PUHHi Room i&a^ Hot/CoW Counter Top ira Hot/CoW Water Dispenser R134 Ozone Friendty Compressor A Hot/CoW with JrJ refrigerator. (TIMMMkr A. Water skew,,. y^3( MKwr« Ifwn-jl fill—lW— Mwtlluii WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Goldhill Centre, S'pore *****9 Tel: *****88 Telex :RS ***** Fax *****08 Johor Tei:
      61 words
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      Page 16 Advertisements Column 2
      170 16 guide B I II 111 11 for buddin 9l harri d <ock I I lIP J I aud *°P h (es I executive good kvys I Take up a 2-year subscription to Singapore Business and receive this smart Braun Buffel leather passport holder worth $50. Newsstand price: $4 per copy
      170 words
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      72 17 SIEMENS Systems the opens new With our new support for customers in Asia. Singapore, Vietnam Hong for hours a to keep your Tampines Central #07-05 Singapore *****2 785-3202 you ■■■r connects you headquarters fax your I Name I Title I Company j employees i i >4 > 4 sffi-fe -«4*
      72 words
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      Page 18 Advertisements Column 1
      217 18 THE FUN POINTS Of WALKING 1W N£W PAPER r ZJt-* Kjgd WALKSHOP VflQw THURSDAY, 11 APRIL 1996 TAKASHIMAYA SQUARE, BASEMENT 2, TAKASHIMAYA SHOPPIN6 CENTRE KGISTUTION: t.OONI PtoeuMMt7.ooni-t.ooNi UNVHUDI mswattr ITHMMTIiintII wwus' o Guess the number of icons JtfUttwr" mHHSo" on,hecarandwin P lizes COMEIQHWAIKSHOf. SIGN UP FCtK BIG WALK wai m
      217 words
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      Page 18 Advertisements Column 2
      81 18 KEPPEL FINANCE LIMITED (Incorporated in tw Repubfcc of Singapore ANNOUNCEMENT Foflgn Shareholding* Pursuant to Article 23(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company from shareholders and from information supplied by the Central Depository (Re) Limited, 9.01% of the
      81 words
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      105 19 VOLVO Guess what you save warranty maintenance service profraart 1 You won't leave a trail of expenses with this jj| Jf J Th e world's safest cars just became the world's safest investment. Buy S P If a new Volvo today and you needn't spend a single cent on maintaining
      105 words
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      88 20 You'll Be Back Every Thursday Night For More If you can't get enough of this good thing, join Dalton Tanonaka, CNBC's owarckvinning broadcast journalist as he interviews personal finance experts and takes on current topics of interest for insights into how to make the most of your dollar. It makes
      88 words
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      44 22 FOB THOSE WHO PLACE QUALITY ABOVE ALL YOUR TIME HAS COME! Enhance your image. Promote your business. All in the name of quality. Call us, well show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Cheong 740 1609 (pg 9408 0305)
      44 words
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      112 23 J BBWBM 1 lI|IIII I I I 11 ||II I 11 I Portfolio Manager r w AM i Takes the trouble to monitor nrofWU*xof*aAM*A m Gives you instant zst-i.- v your stock performance. J J access to reliable stock Computn the latest net the whole per##, A -m info anytime,
      112 words
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      131 24 I Latest features from Stock Page to help you invest better. I To help take the uncertainty out of whether to buy, sell or hold, Stock Page now come with additional technical indicators Overtxxjght(Oß), I I Oversold(OS) Relative Strength lndex(RSl).WHh such objective information readily at hand, you can make better
      131 words
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      186 25 HThat holds Something Quite Rare, j The Credit Lyonnais Singapore Growth Fund has an investment history that goes back 27 years in the Malaysia and Singapore markets. And is available at a minimum subscription of just 555,000. For more information, or to obtain a prospectus, call our 24-Hour CitiPhone Banking
      186 words
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      Page 25 Advertisements Column 2
      43 25 BUY* FIND^ Classified ads can speed up your search for the right car. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 1 I Flit 4^ 1800-737-1166 y£f Call Today For Results Tomorrow.
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      503 26 BUSINESS Notices i(> \[)\i;kti s i; < loli- i k i; i isdo- t 4 i issTj > FREIGHT LINKS EXPRESS HOLDINGS LIMITED yf (Incorporated in the Republic of Singapore) ANNOUNCEMENT THE PROPOSED RENOUNCEABLE RIGHTS ISSUE OF 40,000,000 NEW ORDINARY SHARES OF 550.20 EACH ("RIGHTS SHARES") WITH 20,000,000 DETACHABLE WARRANTS
      503 words
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      Page 26 Advertisements Column 2
      219 26 Prime Freehold Residential Development Site FOR SALE BY .TENDER Location Stafford Road rj 7| Land Area 3,695.7 sqm lr (J ei*j c/ttn "l| I 39.780iq.1t) t Tenure Freehold A/ o| Plot ratio 1.4 £7 pi L Height Restriction :Up to 4-«toreys £7 R||m|PH 0 j < Tender Closing Date Friday,
      219 words
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      Page 26 Advertisements Column 3
      235 26 Singapore dosing Share Prices 10/04/1996 CLOSE PREV LOW HMH WW Jardine Mathaaon. fUO t5 7.95 aJS FfIBCITI Strategic 3.18 3.18 3.16 3.20 HMMr A Dairy Farm 0.88 0.88 0.88 0.888 MM Hongkong Land 2.33 2.38 2.32 2.38 ■MnM Mandarin Oriantal 1.28 1.28 1.28 1.28 mmma Jardine Strategic WBB 0.37 0.37
      235 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      306 27 Knight-Ridder Reuter RATES tor Panamas tonnafi to cover grain carsoea from the US Gulf and South America remain relatively strong due to a shortage of spot-prompt loaders, brokers said. There was little action in the market, but details did surfece of Cho Yang reportedly fixing the 1971-buih Delta
      Knight-Ridder; Reuter  -  306 words
    • Article
      MARITIME STOCKS
      137 27 mH> M tjnum .IM M5 n" cnumMm us -on xn Cllc«l»Wl>M»l -U3 *001 29 nu TJS *OM 27* fUMUM OM *0006 13 OOMMM** UO OOt 40 MSotMmp tO| *001 4M g an* m ICMM MK MO IHIIIIIflfji 140 wMk *030 -OJO MM KLS IS MWINM 2J4 OOI 12
      137 words
    • Article
      Second-hand ships a better investment, says report
      384 27  -  Newbaildingmet attractive became of high debt ratios, low freight rates By Rahita Elias [SINGAPORE] Second hand tonnage is a more attractive investment alternative for shipowners than newbuildings, according to a recent report by Drewry Shipping Consultanta. In its "Report on Shipping Finance", Drewry
      384 words
    • Article
      Lock icon Port Klang customs begins round-the-clock operations
      195 27 Bernama [PORT KLANG] Customs operations at Port Klang have gone 24 hours to process import and export declaration papers in response to calls to make local ports more attractive. With the launching of the round-the-clock service on Tuesday night, customs staff here now work
      Bernama  -  195 words
    • Article
      Cheese hopeful as Koreans, Japanese find it tough going
      668 27  -  MHWHUILDS By David Hughes THE holiday season has had an obvious effect on the number of newbuildings ordered. Very few contracts have been placed in the past fortnight Certainly nothing can be read into this week's crop about market trends. The
      668 words
    • Article
      TWRA to up freight rates for some commodities
      255 27 [SINGAPORE] Ten members of the rate-making Transpacific Westbound Rate Agreement (TWRA) will be raising freight rates for selected commodities, including refrigerated cargo, from next month. The group noted that USAsia exports were strong and expected a sustained 6 per cent to 9
      255 words
    • Article
      Lock icon Delivery dates extended
      77 27 Bloomberg Business News [NEW ORLEANS] New Orleans-based shipbuilder Avondale Industries is extending for two years the delivery for four petroleum tankers it agreed to build for Maritrans Ocean Transport Inc. Hie shipbuilder said Maritrans requested the extension, to 2000 from 1996, in order to take advantage of
      Bloomberg Business News  -  77 words
    • Article, Illustration
      NZ name for Keppel's conversion job
      95 27 [SINGAPORE] The Whakaaropai, which means Canoe of Good Thought, was named yesterday at a ceremony held at KeppeL Shipyard. The vessel, now being converted from a tanker to a floating production storage and offloading facility, was given New Zealand name becausett would be stationed
      95 words
    • Article
      Lock icon Kvajerner's takeover of Trafalgar going well
      96 27 Reuter [OSLO] Norwegian shipbuilding and offshore group Kvaerner is ahead of schedule in its takeover of British conglomerate Trafalgar House, says Kvaerner chief executive Erik Tonseth. "Either we are over 90 per cent now or will be it in the next few days," he
      Reuter  -  96 words
    • Article
      Lock icon Vulkan units may survive bankruptcy: official
      98 27 Reuter [BREMEN, Germany] The units of ailing German shipbuilder Bremer Vulkan AG could stay in business even if the group filed for bankruptcy, its administrator Jobst WeUensiek said on Tuesday. Vulkan was working on plans which aimed at rescuing as many firms and jobs
      Reuter  -  98 words
    • Article, Illustration
      Lock icon Steering to new heights
      683 28 FORT OP HMOAPOBBt NEW AUTHORITY AT THE HELM The Maritime and Port Authority of Singapore is now the sole regulatory body overseeing Singapore's port STRATEGICALLY located along the major international trade routes, Singapore serves as an important gateway to the region. ?The Republic, a major hub
      ALLAN  -  683 words
    • Article
      Six divisions carry out strategy for excellence
      288 28 THE initiatives to promote Singapore as a major port and international maritime centre are formulated by the authority's board of directors. Leading the board is its chairman, Peter Ho Hak Ean, who Is also Permanent Secretary (Defence Development) in the Ministry of Defence.
      288 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      289 28 PAGE Everett 12 Id n Evergreen i /un 3 Everprime 13 jjj, 7 FMKMB 7 ktcarA 12 Fettfertrws 4 M pi Ahrenluel 4 Fl-Brignt 7 •Hi-rt 4 Fo«|Sun 12 Astra 13 EreU 12 Austral 11 Frt VvU 12 A— 4 jjA tl Gemartrans
      289 words
    • Article
      SHIPPING GUIDE
      15370 34 EXPORT ETA ETA Advorttsor VMMl Voyago TMpttoo* ETA ETA Advorttsor Vnul Voyago TaMpAona SIN Otsfn Mifni N#n# Nurntxr NunritHf SIN otsfn Nwnt Nmw NMMfcOf Numb#f AM/04 12/05 Nor Mia NORASIA HONGKONG MB-) IHMO It/04 8/05 NYK FRANKFURT EXPRESS 04WC8 49-2950B1 Tb ABU DHABI/ST JOHNS (AUH) 2004 trade harvest
      15,370 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        501 41 VyNo Nftli Arrtwl Igrtw JilNH ■21 -5 n-ovoco 040IN jn MMM M04/2300 a s a ;r ill? 11 22} MM/2200 y*?: 25® **Kt 104/0*00 ESJt 1 MapMt uvnoo 222 JK anpiii ROMMO ■a- s s :s I-fS. asy j5 tSSm 1JovSoo SMS" Jff *m»«i MM/swc 22£L" 2E, j/
        501 words
      • Article
        CONTAINER SCHEDULES
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        1,525 words
      • Article
        COCKETT BUNKER MARKET REPORT
        857 41 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
        857 words
      • Article
        GLOBAL HOLIDAY
        240 41 APKIO Israel: Passover (last day). APKI2 Sri Lanka: Market and public holiday (to April 13). Thailand: Songkran Festival. Lebanon: Good Friday (Eastern). APSIS Bangladesh: Bengali New Year's Day. Sri Lanka: Market and Public holiday. APS 14 Egypt, Lebanon: Easter (Eastern). Arm is Belarus: Orthodox Easter. Bulgaria/Greece: Easter Monday.
        240 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Indon trade minister in Japan to discuss car policy
        301 42 Policy designed to faster development of a national car, Tokyo told of 877,000. Bloomberg Business News [JAKAßTA] Indonesia's Minister of Trade and Industry Tunky Ariwibowo has gone to Japan to explain a new car industry policy that stands to affect Japanese
        of 877,000. — Bloomberg Business News  -  301 words
      • Article
        Lock icon Toyota to raise Thai car, engine production capacity
        283 42 AFP [TOKYO] Japan's Toyota Motor Corp said yesterday it would boost car and engine capacity in Thailand in a five billion baht (5527.5 million) production upgrade. TTie leading car maker said it would increase car production at Toyota Motor Thailand Co Ltd
        AFP  -  283 words
      • Article
        Lock icon China to close 30% of its passenger railway stations
        231 42 Bernama-Xinhua [DALIAN] China is to close 1,566 passenger railway stations 30 per cent of the country's total in number. But officials said that the stations to be axed only average 20 passengers a4ay. The move is part of a package that
        Bernama-Xinhua  -  231 words
      • Article
        Jakarta to host air show in June
        231 42 [SINGAPORE] Indonesia, which has earmarked this year as the country's Aerospace and Marine Year, will host an international air show In two months' time. This will be the second time that Indonesia is hosting an international aviation showcase. It held its first air
        231 words
      • Article, Illustration
        Thai Airways'new Boeing 777
        60 42 [SEATTLE] The world's first Boeing 777t0 be delivered with Rolls Royce Trent 800 engines left on its maiden flight recently from the Boeing Commercial Airplane Group factory in Everett, Washington. Named after the Thai province qfLamphun, the new 358-seat twinjet (above) is entering service this month
        60 words
      • Article
        Lock icon Qantas gets draft approval to resume flights to India
        219 42 years. Bloomberg Business News [SYDNEY] Australian aviation regulators have made a draft ruling that paves the way for Qantas Airways Ltd, the nation's largest international carrier, to resume services to India in July. Australia's International Air Services Commission said it has
        years. — Bloomberg Business News  -  219 words
      • Article
        Lock icon UK investors eyeing Indon train project
        109 42 Reuter [JAKARTA] Indonesian Transport Minister Haryanto Dhanutirto said British investors were interested in building an express rail link between Jakarta and Surabaya, the official news agency Antara reported yesterday. Mr Dhanutirto said British parties were interested in a project for trains capable of speeds
        Reuter  -  109 words
      • Article
        Lock icon KL's fuel demand expected to jump
        238 42 Reuter [SINGAPORE] Malaysia's new Kuala Lumpur international airport, now being built, is expected to see passenger traffic rise 10 per cent a year and Jet fuel demand rise 13-15 per cent a year from 1998, a project manager said on Tuesday. "Based on that
        Reuter  -  238 words
      • Article
        Lock icon China Eastern to buy 7 Airbus planes
        261 42 Contract for first 2 jets to be signed next month Bloomberg Business News [SHANGHAI] China Eastern Airlines Co, China's secondbiggest airline, will buy seven Airbus-340jets during the next five years. Wan Shouqin, an official with the airline's public-rela-tions department, yesterday did not disclose
        Bloomberg Business News  -  261 words
      • Article, Illustration
        LOG Book
        2 42
        2 words
      • Article
        Lock icon Air China, Hangzhou airport are tops
        151 42 AFP [BEIJING] Air China, tad Hangzhou airport were chosen China's beat •irfhm and airport In 1996 for the second consecutive year, Xinhua reported on Tuesday. The results were obtained from a survey of some 180,000 Chinese and foreign passengers conducted by the Civil Aviation
        AFP  -  151 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
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        1,103 words
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      Page 27 Advertisements Column 1
      13 27 New authority steers STpore port to new heights MPA now at the helm.
      13 words
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      Page 27 Advertisements Column 2
      223 27 Indoo trade minister in Japan to discuss car policy Policy to cater for a national car. Book Fagg w I expands to include SA/Far East Leg I QUADRANT CONTAINER LINE, the South African member of the five line GEX I (Good Hope Express Service) consortium, operating between the Far East
      223 words
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      806 28 This article was contributed by the Maritime and Port Authority of Singapore mrmmmm «n iimmmmmmmmmmmmm mm mm «m um mm mm 2**™ 5 "WP IPK JUL mmm mmmmm»mMMnmmm mm mm um imi mm |mwmm mm mm! w/y |mm| mm Immlmm I mm am I*m 2S."* 2! M! M! M! mm
      806 words
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      Page 28 Advertisements Column 2
      197 28 Unw A MrvtoM rapTMwttad ffms^*" mvb na r **+y<* AHA M«ntonof«w \«lgpl/AcorKaM Shipping Agwtta. lyMMJ«ngapoi» n«igU r«wni—■ S'powHaNmrt Shipping A»oc MinrtMton. I v.v r ShippinPtTtmesOnline '«kT Just talk to ua... Iris Lim 740-2044 Tsb Lip Chusa 740-1646 Jsrrod Leong 740-2089 Philip Roto 740-2382 o <► n jSSHBHHBk ISasa«wßH|H t LCI
      197 words
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      808 29 PM*K SOUTH MCTBPtfSSffttKT) w» war w \mm \mm |utt|n|i|qi|iiic|a I m I a I a I rnwmm mm m/miwm ii/m */m m/m ti/ts w/v «/«s 6i/as "57m~ auv m/k maim T is/m wiT ii/m m/m ~nJn~ ~WfT mM #/B~ ~nMs~ H7&~ "ids ttAs mtßm Imm \nm\nm |i?/m Inm Inml nm
      808 words
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      Page 29 Advertisements Column 2
      704 29 w II HANJIN SHIPPING —M/m I -M" I IWIOI m "■"1-1 I Tvt |m|m TK i .I 11*. m I mm m mm*** I■- I Iml m I— I I I I w I 99 v w mr mm I u ■cn ok m I m mt I Hi MMMg/Wi_|jVß_
      704 words
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      Page 29 Advertisements Column 3
      211 29 IP f T jml —a—ir mr jml jul •5 sum—m tttr n*r m wm mm mm 55 52- ;i JOJSML IB mt HIT* BH JUL MM tIM MM pm nm mm Vm ■<* tawm m nr nn im mm !5 u. g «,■> jama. —til mr—Jim jul mm »iS ii£
      211 words
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      Page 30 Advertisements Column 1
      705 30 rz i—i resa wr mm niM mit um sum pjeuk m w uo tto sm kok mm ■WW iM -~w ll<lt 9W Ml «a» «/i a/j nn iv< iV4 Igr a/4 ?i/< n/4 n/4 mrntumm n7T -W--%5iW~ ~it7i~li/r —^iLlgTih m -jg- a/4 ggg——jßu._fia_isai 3Ez jsz m: _ja_ _aa_ sai im:
      705 words
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      Page 30 Advertisements Column 2
      942 30 I NORASIA I VHML VOV |MM I MM LAB Kl VAL MAM MM ROT I MMMMMMMMR Ml4-S 11M4 MM 2M4 MM MM MM MM MM MM MM MM I MMMMHORRROM MIU IMM MM MM MM 11M 11M ISM ISM UM MM MM I MMHMMN MW-3 IMM I MM MM 17M
      942 words
    • Advertisement
      Page 30 Advertisements Column 3
      482 30 »s JAPAN/HONOKONQ/STKAITS RCOULAR SBRVKtB. J LOADING FOR PORT KLANQ/PKNAMQ I WTI rwwi PMIttMM m 1 utm Ht "gwgw= gg"* 4 I I "A* haw li I nam KM g wtm<BAn 1 itawT HAW "inST- JMnTCT I j _owiMi<ii«w In inw tmn T—aiai m imapw am mm < S «ua, T_
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      Page 31 Advertisements Column 1
      999 31 IP ißf STRAITS SHIPPING PTE LTD rMp 19 Km Chiaai Raarf #11-01 Kappal Tawars Slaiapara 0208 Tal: *****00 Fax: *****17 BMflMffillSHM MBW QIMIiMA PACBHC LHW SW6ATO* igggp (A SERVICE OF CHINA NAVIGATION CO) fcWAITSSTAH VMM Is tat 12Apr Mm.KK. ■"V-' '.'.'i—"" CMMMJN Ht-32 V999K 12 Apr 13Apr T PQ.iaiHllllwmwwi TOP—«*!■■
      999 words
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      Page 31 Advertisements Column 2
      1419 31 ttfUt R8?0 Limited 19 Hoe CW "B Road ii7 M K w Tower *< Singapore 0208 First Class Connections WORLDWIDE T 225 2233.Teie* rs34s64pnocsf. fw*****27/*****17 CR Number: **********0 M EXPORT IMPOIIT VIHCL VOY pWTWIi SOU ANT NOT HAM OOT MS LCH OfUGOER MAERSK 9604 OMH 09AM 11/04 2M4 01/05 03/05
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      Page 31 Advertisements Column 3
      388 31 oswniMMi fB m m m no a m m I«tI«Iam I I I^TTm! MBmm- JMi JULJiJ! mm. 'W nm H/» 71/ M vimi \vm Mil ?mml mi! mi! mumMLIIIHL i*» mm mm mi mi mi mm vm\ SBBHN7II/M3S IVSI IVS4 17/* IS-11/W a» W&» P/M MlI MS I SMS I
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      Page 31 Advertisements Column 4
      52 31 133, Naw Bridga Road. (06-00, CNnakmn PoM S-po»O0M13. Tat *****00 MM Fwc *****04 Tatwc RS ***** SENUM WHKLY REGULAR SBtYKE TO EAST/WBT M*SU Actaptaf (nMwj si CmnmUmml (v§t) mm V T"75/T f TT IUKMU 7/% IV4 IV4 IV4 SUH* 4A/H IV4 17/4 91MU 4A/M 17/4 MNNN VH 17/4 W4 JI/4
      52 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1019 32 Sir ROM ANW HB6 THP LNV UW THP ROM ANW KM PKL S I. REFM RW-M6 13/4 M M M 7* M I. GALLANT RE-GM 17/1 M TM 2VZ Zm IS* IM WUTfRMM 2M IM 11* 12* IM IM E GRAND RE-M6 2M IM m W W M I. RENOWN
      1,019 words
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      Page 32 Advertisements Column 2
      874 32 B IXfOtT IffiS? aSHSm \fL SSL SSL m m !*L «MMi M AM MM MN ur I mhLm KS2X! MS SJJ *2J "SKE om07« 30/03 11/03 oi/04 03/04 It/04 H JWONWtfO OJI7OII* 11/D4 3Q/D4 01/W (H/05 04/05 UNI COMCOtO OJMOM 04/04 07/04 01/04 09/04 73/04 R^___^^g*g»f9[ )gjgg 1 KMh Island
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      Page 32 Advertisements Column 3
      568 32 m WCMHELOMAWNE/MJBICM mPTELI*? UTEL *****33 (12 UNEB) FAX: *****10/*****09 TELEX: RS ***** RtSHK* (3 Unta) CR NO: **********0E ffi nwMMsapnMiiH» ACCEPTING FCL AND CONVENTIONAL Voy ITA~ 11 naiMig Abyot 43W8 22/04 At*"* Worn 48WB OVOe Mnm^aTppbouil H KIEN HUNS LINE FULLY CONTAINERISED REGULAR UNER SERVICE ACCEFTING BOTH FCL/LCL ALSO ISO&OC
      568 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2036 33 WEEKLY SJUUttS TO EAST 6 WEST MBNTBHUWM PORTC KRKl'y* WdHwWIWIW UWkll Afttcr Off I Oftnllf CfltlMf: *ttSTI% CO STAR SHIPPING PTE LTD C"WH rttim cmw»r tnsui/tuMmr cntn—r i K u »iwu cmNMiii wmm lINm ir»y HT-tt Tsl»i:MSSs COtMIP Ctntrtlnsl ittusi o/o <7*17*5 OH 19$ sftilWmm Z!!U 1 2J? msm f
      2,036 words
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      Page 33 Advertisements Column 2
      380 33 (jSi FAMOUS CONTAINER UNES Jlp 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT LINE: *****33 (30 UNES) I DIRECT SERVICE/ WEEKLY SAILING attractive rates offer ISTANBUL CONTACT RAMLAH NOWI! CALL *****33 P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH. 0204/*****7 (10 UNES) J. BAHRU PH: 0207-*****22 QLOBEUMK FORWARDERS PTE LTD
      380 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      44 35 To retrieve more schedules, just follow these simple steps... document 710 be the port Snter your Step key in the four hone number /V #Jp digit code Key in your Exampto: r-L* fax number j To HAMBURG (HAM) 2180 for calls within Singapore Utfllllliy
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      605 37 M MYANMA plHk FIVE STAR UNE \T (BBysßßiir M9H9991U99) Isf YsB|IB (>99|999) msa vor sm m m ku m— Mm iw "Na ISIW 14/94 BMATSM AGBITS: *****U9 SNVPH9 MBKKS Hfc TH 91-93-*****09 HL IB 92-93-37M101 rat IB 92-94-*****92 P99t IB 02-97-*****21/4 BANK LINE (A «4oks si/yrfrsw WMr Sllppli) NOETHEOUWP TO
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      Page 37 Advertisements Column 2
      1162 37 ADVANCE CONTAINER LINES (PTE) LTD API 140 Oct StTMt, #12-00, PIL Building. Singapore *****0 __MW Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. *****M0000E r IBM JAKARTA (08M«*llM»P9 <4 SsllH^jSj VESSEL ~WY SW BKK SIN VBSB. WY SI JKT AN lAIAZAI 904 13/04 Srt 16/04 \m 20/04
      1,162 words
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      Page 37 Advertisements Column 3
      765 37 I VCB6ELB W BBt CMMETTA LEHAWWE HAMBURG TIMICTORT ROTTERDAM «NWW VILLE DE CARMA CI4W 16AM 2MM 07AM OMB 10/06 11/06 1306 V6l£o6BAo»n* BHW 2MM OMB ~Hm 1W 17/06 MB 2MB \ALLE 06 NORMA MWtt 3004 IMS 21/06 2MB 3406 3MB £7/06 VLLEPECOfU HI4W 07/Q6~l IMS JW6 27AM 2MB ©CoT; ALSO
      765 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      1026 38 I VESSEL VOY SIN I JKT I |vt»«B. I VOY I ~jli I^B 1-55= OUWU BHUM 178 a 8t 13AM Tu* 14AM B-MAB DUA Ml Thu |In PI "it 13AM =5 =5 JARUBHUM 018 Man 15AM at MAM BUNQA MAS EMPAT <307 Sun 14/04 g 1W Ywmuwyir 131N TJwi InPt
      1,026 words
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      Page 38 Advertisements Column 2
      774 38 11 DUXTON HILL, SINGAPORE *****5 CK **********0N STRAITS SHUTTLE SBtVICE PORT KLANG PENANG waa vot sm m vissa vw m It »UMfi 47* 31/H3SUM 01/D4MOM AUMO *007 31/D3 SUM Min MgWMg HBt QIAMMOi IHMWD MM HO It ~~itthlß ~SSCS WOHCUDT HOW OtfXIK 04/MTHU MJUB MM 05/04f® SttUMJK 47* 04AKIHU M/#4W
      774 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      523 39 SINO IXPRISS SHIPPING (PTI) LTD. V M I 11 COLLYDI QUAY #06-01 THE ARCADE SINOAPORE 0104. TEL: *****80 (4 LINES) FAX: *****08 TLX: R*****1 BMOEX HHOTRAMI SHANGHAI (CONTAINER SERVICE) SIN/HKQ/IHAI rPORB HKO BHAJ VOV ETA ETP ETA ETP ETA ETP SOBIMB ***** am 2MB 2MB QMK mm CHANQYMQ 9607/9806 31/03
      523 words
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      Page 39 Advertisements Column 2
      294 39 MMMti)won SicSiMffwiS' 20TH ANNIVERSARY OFFER:-(Lowsst-Lowsst Rates) PCM/PK SIM HONGKONG 10/4 11/4 mv "BUXCROWN" V.N006 TOKYO/YOKO 13/4 14/4 mv "ALLIGATOR FORTUNE" V.***** LONG BEACH ALL USA PORTS 15/4 16/4 mv "HY. FEDERAL" V.OIBE f i CALL ITOMI EILEEN, PHYUSS, XIUHUA PKLs CHEW/VIVIEN PEN: YEH NEE/KHOO EASTERN CM UNIR, LTD. aSSSESft I
      294 words
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      Page 39 Advertisements Column 3
      57 39 ttNgl EXPRESS (S) PIE LID WEEKLY CONSOUIO MUARA MANILA HONGKONG "AT COMPETITIVE RATES" PLEASE CALL: *****96 tm LINER SHIPPING PTE LTD 10 ANSON ROAD, #17-01 INTERNATIONAL PIAZA. SINGAPORE 0307 I TEL: 22ML33(20 LINES) TEIJEX: RS 2)212 LSSHIP PAX: *****13 BAHRAIN JEDPAH I—lff dkMMHHCAK TV WM« r—. ETA SIN MIDDLE EAST
      57 words
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      Page 39 Advertisements Column 4
      263 39 ATTRACTIVE fjjl FCL/LCL RATES TQjjj:! Indian Sub-Continent Ports fjj j MADRAS/BOMBAY/ CALCUTTA/COLOMBO/ J CHITTAGONG j§ NHAVA SHEVA WENDER :*3 CONTAINER UNMj ENQUIRIES HBOOKINCH PLS CALL -<a TEL. 224 6744 a ji Astro SUppi^htWi WEEKLY CONSOLIDATION SERVItiB I TEL: HQ-tMS II? LINES) FAX: 325-4MO/^ «i O.K. LINE FULL CONTAINER SERVICE V~~
      263 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      614 40 SfflPPINGTlMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 SFHISmi §hsm ItaMspait Gwn 1 KNOW THE ESSENTIALS OF CARRIAGE OF GOODS BY SEA IN INTERNATIONAL TRADE understand Sign up now and leam all about ships, containers, tramp/charter party, liner awn nr w snipping, conferences, B/L,
      614 words
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      Page 40 Advertisements Column 2
      282 40 TEAMWORK is when everyone l takes responsibility and diligently hmmmmmhh—J: work towards achieving the main QocA. A quality which has been The Total Transportation People embraced by all at Visa Freight Translation these past ten years. Put your PGOpI© I transportation needs in our hands and join the winners' circle.
      282 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      118 41 LEGEND: I S Thunderstorm T«mparoti*o *q V Show* W#oth«r Wind droction with ipwd In knots Rain Cloudy Sky Wov 5M j!SJj* w4 »*eat*4 b» Offows wkidi witfc Km wind Vl) On« KJ ard« represents calm or Kort and variable wind* i_. On* half IMw represents 5 knots On. HM Heche
      118 words
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