The Business Times, 30 April 1996

Total Pages: 42
1 42 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, APRIL 30,1996 85c
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  • 62 1 UTB *2«.—IS IS 'fpi'r. .O.W. o^a ii i 0.129 0.182 M -AM# MM ifriAHwi ua Mm ram bates SINQAPORK* .144 KUALA LUMPUR J. 15 JAKARTA 18.00 BANQKOK 11.75 MANILA 14.50 HONOKONO 8.75 TAIPEI 8.00 SYDNEY 10.75 TOKYO 181 SEOUL 1100 ZURICH** ICS F1ANKFURT*** 4.5 LONDON US NEW YORK 8.25
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  • 615 1  -  Deal with Swire will raise China's stake in Cathay to 25%; and holdings in Dragonair to 64.36% Reports by Quak Hiang Whai LANDMARK agreements have been reached under which China will take control of Hongkong Dragon Airlines (Dragonair) and increase its stake in
    615 words
  • 509 1  -  By< Chuang Peck Ming [SINGAPORE] If The Economist's Big Mac index is any indication, the Singapore dollar is not as strong as it is made out to be by local businessmen who complain that the currency's strength is hurting their ability
    509 words
  • 329 1 HONGKONG'S competitive airline industry has no room for another airline, and to the extent that China has decided not to set up a new airline is good for all concerned, investment analysts said yesterday. They were commenting on the landmark
    329 words
  • 336 1 TJSs3sin hi furling far Guangzhou subway project being held np Reuter [BEIJING] China warned the United States yesterday that its decision to delay US Ex-port-Import Bank loans to a subway project in southern Guangzhou could harm trade ties and hurt US business interests.
    Reuter  -  336 words
  • 302 1 Bloomberg Business News [LONDON] Expectations that Japanese interest rates will rise as growth picks up dragged the US dollar down to a two-month low against the yen yesterday. Traders grew pessimistic about the dollar's prospects as it fell more than one per cent to
    Bloomberg Business News  -  302 words
  • Page 1 Advertisements
    • 116 1 Gotfregiaial Royal SportlngHouse's CEO talks to BT about plans to list the company on the region's bourses, P*a Singapore nas to do more than just raising the retirement age to ensure that the ageing workforce remains productive, Pg2 V: Kawasaki's gain Kawasaki Heavy Industries stands a good chance of clinching
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    • 124 1 Like father. Hjke son. i I >£rt v Following in the footsteps of DHL's Jumbo Box comes the new Jumbo Junior. For shipments up to 10kg, the new Jumbo Junior offers same day pick up, customs clearance and door-to-door delivery for just $98 to anywhere in Asia, $148 to North
      124 words
    • 9 1 Qi&n urges US not to exaggerate issues, Pg 6
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  • SINGAPORE AT HOME & ABROAD
    • 744 2  -  spotlight on SINGAPORE'S BEST Royal Sporting House's rapid expansion pots its top management through a gruelling schedule By, Jenny Lam [SINGAPORE] Royal Sporting House chief executive officer V K Goraber practically lives out of a suitcase, spending only about five days a month in Singapore. And
      744 words
    • 249 2  -  EYE ON THE ECONOMY Industry By Diana Oon Electricity consumption in the manufacturing sector in January rose 3.2 per cent to 783.8 million kilowatt hours (kwh) from the previous January. The increase suggests great- er activity in the sector that month. This was borne out by
      Source: PowerGrid Pte Ltd  -  249 words
    • 287 2  -  By Ven Sreenivasan SINGAPORE has to do more than just raise the retirement age to keep older Singaporeans in the workforce, said Deputy Prime Minister Lee Hsien Loong in his May Day message. And the extras needed are employers' innovation to
      287 words
    • 257 2 JAPANESE company Kawasaki Heavy Industries stands a good chance of clinching a massive contract to supply up to 40 new trains for the MRT North-East Line (NEL) now that arch-rival Siemens has been banned from public works. German conglomerate Siemens was among five firms barred
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 60 3 m«- s •Ns v N. JM K'jfy I ~^B ~".si B-Vy if B^, Kl Jk I \I l^iijgA^i rT^aK^vi-■ I 14>J jit vmwHtn Situated in Singapore's prestigious Central Business District, the impressive SIA Building is poised to become a focal point of the city beyond the year 2000. For reservations,
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  • FOCUS: PROPERTY
    • 202 4 [SINGAPORE] Singaporean buyers once again dominated the foreigner's portion of another Kuala Lumpur development, buying up almost half, or nine out of the 20 units available in 78 LAD, an exclusive condominium project in the heart of Kuala Lumpur. MPI International, which marketed the project
      202 words
    • 1293 4  -  Its major tasks: reviewing industrial land use and pricing policies, and role in regional thrust By Michelle Low [SINGAPORE] A YEAR ago when Llm Neo Chian took over the helm at the Jurong Town Corporation as chief executive officer, he had three major tasks.
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  • Page 4 Advertisements
    • 413 4 Large Freehold Residential Site at Guillemard Road BSWWHBHTWBTI Site Area-: 16,897.3 sm (181,883 sf approx.) W I 1 Plot Ratio: 2.8 (gross) J J Increasingly sought after W\\ residential area M Walking distance to Paya \J Lebar MRT Station, h Sub-regional Centre and V SAP School i idggd w 10
      413 words
    • 54 4 BANKING HALL or SHOWROOM at Cecil Street for Lease Size: 3,188 sq ft To enquire, please call: 188 SB Kestrel properties PTE LTD Tel: *****23 ext 66 MORTGAGEE'S SALE Prime Orchard Strata Office Quality Location 3S^j>f 2.30 pm For further details A inspection, please contact JLW Commercial Dept. Stuart Roberts
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    • 63 4 ♦TOe Property Oohmm baa been held over ISO Certification The Straits Tunes Supplement Tuesday, 21 May 1996 Ride On The Wings Of Quality! BOuKJNG DEADLINE 7 Mqr%*AdwaliKyav|aakxA nd Kraoet, at wdl enhance your ooponle image in our ISO Cei u» now. Stephade Lbai 740 2263 (pg 9522 218F) Tang N|ai
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  • SOUTH-EAST ASIA
    • 620 5  -  LETTHRFROM JAKARTA Dm Tlen's death Is snre to stir np debate on gnccearion and political maturity By S N Vasuki ANALYSTS rightly feel that it is premature to assess the political fallout from the death of President Suharto's wife, Ibu Tien. As millions of Indonesians
      620 words
    • 254 5 SOLO, Indonesia PrendflotOng, PM Cfoh, Tli&i, M'a&n premiers, Saltan of Brunei attend Reuter AMID the chanting of verses from the Koran, the wife of Indonesia's President Suharto was laid to rest with hill military honours yesterday at a cemetery once used by Javanese
      Reuter; REUTER  -  254 words
    • 277 5 MANILA Large scope for private investment in infrastructure Reuter THE Greater Mekong, one of Asia's most backward regions, will need infrastructure investments of around US$4O billion (5556.3 billion) in the next 25 years, participants at a seminar said yesterday. "Big investments, overwhelmingly in transport,
      Reuter  -  277 words
    • 245 5 BANGKOK Reuter THE Bank of Thailand yesterday announced details of higher capital adequacy rules for Thai and foreign banks and of a cash reserve that finance Arms must maintain when they import short-term foreign funds. The central bank said foreign banks in Thailand must
      Reuter  -  245 words
  • Page 5 Advertisements
    • 93 5 The RF<IT AVAILABLE SERVICED OFFICE A next to Singapore International Convention Centre Tramp Business Place offers comprehensive business facilities packages for entrepreneurs and enterprising businessmen always on the move. Besides stamping a prestigious address on your calling card, professional secretaries will take care of your administration needs while you concentrate
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    • 111 5 A truly global communications network gives you the power to be everywhere, all day, every day. BT (British Telecommunications pic) provides that communications network. In the Asia Pacific region alone, you'll find us in 15 countries and 65 cities. Our network for data, voice and image is one of the
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  • CHINA-HONGKONG-TAIWAN
    • 457 6 TAIPEI Taiwan has right to rejoin UN as political entity, says chairman of body handling talks with China AFP TAIWAN'S top negotiator for relations with China said yesterday that the Nationalist island had never abandoned the "one-China" principle, but as a political entity had
      AFP  -  457 words
    • 165 6 HONGKONG AFP CHINA is to stage further military exercises next month, after claiming "major achievements" in the battle against Taiwanese independence, it was reported yesterday. Sources in Beijing were quoted by the independent Sing Too Daily News as saying that the People's Liberation
      AFP  -  165 words
    • 241 6 SHANGHAI Reuter RUMOURS of an Imminent interest rate cut buoyed China's stock markets yesterday, with one Hongkong newspaper report saying it would be made as early as tomorrow. China's central bank declined comment but that did not deter investors. Shanghai's A share index rose 4.43
      Reuter  -  241 words
    • 431 6 BEIJING Threats over alleged N-protiforatMoaad copyright charges not acceptable, he says Reuter CHINESE Foreign Minister Qian Qichen yesterday urged the US not to make mountains out of molehills in their troubled ties but welcomed recent US commitments recognising rival Taiwan as part of
      Reuter  -  431 words
    • 179 6 HONGKONG Reuter HONGKONG'S top civil servant Anson Chan said yesterday no secret deal was made during her recent meeting with China's senior official for the territory. Ms Chan, Hongkong's chief secretary and second-in-com-mand to governor Chris Patten, visited Beijing
      Reuter  -  179 words
  • Page 6 Advertisements
    • 187 6 j^pgapore Prizes Singapore Design Award improves your company's image and standing LdLBQQnfiS. Consumer Products as well as enhances the competitiveness of your products and packaging. Equipment Machinery Award-winning companies will be presented with an SDA trophy and a Furniture certificate at the opening ceremony of the International Design Consumer and
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    • 131 6 Make your next function IW to worry about. B A NQUET-QRGA N I SING SERVICES HOTLINE 32 3 22 9 2 Pillar-free ballroom caters multiple closed-circuit Close to Tanjong Pagar for up to 1,000 people television and three 29"' MRT station AMARA* HOTEL Wide selection of Chinese, colour TVs) Suitable
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  • ASIA
    • 496 7 NEW DELHI After the peQs, which the party is expected to loin, faction may try to oast him AFP INDIAN Prime Minister P V Narasimha Rao will be axed as president of the ruling Congress (I) party after the general elections
      AFP; REUTER  -  496 words
    • 202 7 ■SEOUL AFP FOUR close colleagues of former president Chun Doo Hwan were sentenced to five tb seven years in jail here yesterday on charges of helping Chun amass and hide millions in black money, television said. The Seoul district criminal court sentenced
      AFP  -  202 words
    • 157 7 ■COLOMBO AFP TAMIL guerillas have called for the Swiss government to intervene as a neutral intermediary to end Sri Lanka's drawn out Tamil separatist war, the rebels said yesterday. The separatist Liberation Tigers of Tamil Eelam (LTTE) said thousands of Tamils staged a demonstration in Bern on
      AFP  -  157 words
    • 414 7 CANBERRA Gunman surrenders; 3 hostages missing, believed killed Reuter AFP AUSTRALIA, shocked by the country's worst massacre in modern times, sought to tighten gun laws yesterday to bring controls more in line with some of its tougher Asian neighbours. Prime Minister John
      Reuter; AFP  -  414 words
  • Page 7 Advertisements
    • 66 7 Tung Centre 2.333 sf-13.000 sf Parkway Parade 925.36 sf/3.184.96 sf 57/59/61 Robinson Road 52.528.32 sf (enbloc) Parkway Parade 15.537.44 sf (enbloc) A-Z Building 1.991 sf/3.982 sf/7.739 sf 174 Paya Lebar Road (Last Unit) Built-up area: 14.477.58 sf Lucky Plaza #02-00. 474 sf y\ First Capital Property Management Pte Ltd ssa:
      66 words
    • 343 7 Great minds think alike. Now there's an IBM ThinkPad 760 priced for each one of them. Th e sales guy, the the marketing guru-they all want one. That's why designed an of ThinkPad* 760 Q^QJQ] priced to everyone the power base they the you can even double your or a
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  • Page 8 Advertisements
    • 3097 8 HII 3t^*grs*3Pß:2:a)J2W3Jßmfll Mil UNITED OVERSEAS BANK LIMITED AND ITS SUBSIDIARY COMPANIES fill INCORPORATED IM THE REPUBLIC OF SINGAPORE) BALANCE SHEETS AS AT 31 DECEMBERIiii Thß Group Thtßm* Th* Group Th. Bank Not.. 1996 1994 1996 1994 Notes 1995 1994 1996 1994 $000 000 $'000 000 $'000 $'000 $'000 $000 SHARE
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  • THE WORLD
    • 365 9 BRUSSELS Bloomberg Business News Reuter A GLOBAL agreement on access to national telecommunication markets depends on resolving US objections to opening its satellite communications market, European Union Trade Commissioner Leon Brittan said yesterday. US trade negotiators said last week they may withdraw
      Bloomberg Business News; Reuter  -  365 words
    • 220 9 BRUSSELS Reuter THE European Union (EU) and Japan signalled progress on deregulation issues yesterday while leaving various issues to smolder after their first ministerial meeting since November 1994. "The European Union's relations with Japan are in good shape, but we need
      Reuter  -  220 words
    • 398 9 PARIS Pans Club ipprovos rescheduling of USs4obdebtto 25-year tenure Bloomberg Business News RUSSIA'S government creditors agreed to reschedule more than US$4O billion (Sss6 billion) of former Soviet ynkm debt, paving the way for a similar agreement by comrpercial banks. The agreement, reached after four days
      Bloomberg Business News  -  398 words
    • 391 9 BONN MOBOMXn lltoUluteS slash expectations and criticise Bonn Reuter GERMANY'S six leading economic research institutes yesterday slashed their forecast for economic growth to 0.75 per cent in 1996 from the 2.5 per cent they predicted just six months ago. The institutes also criticised
      Reuter  -  391 words
    • 326 9 HAMBURG Reuter BUNDESBANK council member Hans-Juergen Krupp yesterday said that the bank did not expect official interest rates to turn higher. In a speech to journalists, Mr Krupp said: "We want markets to be clear that we do not expect rates to
      Reuter  -  326 words
    • 93 9 LONDON Reuter THE British government is considering giving the nuclear industry up to £100 million (Ss2l2 million) so it can guarantee dividends for investors, the Guardian newspaper said. The newspaper said a special reserve would have to be set up to fund dividend payouts, because
      Reuter  -  93 words
  • Page 9 Advertisements
    • 1022 9 111 l [111 UNTTED OVERSEAS BANK UMfTED AND US SUBSOARy CQMBVNES NOTES TO THE FINANCIAL STATEMENTS (Cont'd horn previous page) PMMkfliCt Cadd 1m tm w ran two ICS Management Pta. Ltd. flrmctom) Singapore 100 AJii S*mcM Pli Ltd (toectom) Mnppw 100 Genera Servnee United Gonad Servicee LW Singapore 100 a
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  • EDITORIAL & OPINION
    • 696 10  -  THB BOTTOM LIMB OPINION By Lu Ning The writer is a BT correspondent specialising in China affairs WHILE visiting Chinese Premier Li Peng and his French hosts busily signed lucrative business deals in Paris two weeks ago, on the other side of the Atlantic, US
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    • 121 10 'Every time the market has a downturn, it gets bought up. That proves there's a lot of money coming in.' -GeargßWoag assistant vice-president at DBP Daiwa Securities on Philippine stocks. 'People have long understood that we need real, far-reaching changes in the economy and in society to
      121 words
    • 618 10 EDITORIAL AFTER several months of bitter fights over the direction of US fiscal policy, the Clinton administration and the Republican Congress were able to agree last week on a US$l63 billion (*****.5 billion) spending bill The passage of the bill does not settle the fundamental disagreements
      618 words
    • 1216 10  -  How does the NTUC stay relevant in a prosperous Singapore with enlightened management and educated workers? By. Anna Teo The writer is a BT correspondent EMPLOYERS do not go so far as to rate him the world's best, but by all accounts, the Singapore worker is pretty
      1,216 words
    • 408 10  -  lfAn.nftT Yukiko Noraki I WAS saddened and disappointed by the article from Bangkok "Japan's refbsal to open up skies rapped" by Loh Hui Yin (BT, Apr 23). The article reads as if Japan is refusing to open its skies to protect itself from
      408 words
  • Page 10 Miscellaneous
    • 47 10 SDTOAPOREDfK \Tw e/In TEft two ON A L 'Teie-SuFfET' Gftrmj y° u b" rultsof 3 me. 7 <^ Ho om is ckl ***rs f -fht markets ■H fa Sound, of tohid/e., lA j £\xr(jthir!j is up fx May f (j" J| IMM n/i/j C/tod. J j^|l /9?J;eSMry_ EZSjjl
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  • Page 11 Advertisements
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      116 words

  • COMPANIES & MARKETS
    • 525 12  -  Lmuk demand is so strong that the gain from lowering the prime lending rata By\ Siow Li Sen [SINGAPORE] The local prime lending rate is likely to remain unchanged in the short-term despite the ongoing interest rate war in the housing and
      525 words
    • 137 12 MBT [KUALA LUMPUR] Ayamas Food Corp, which sells chicken products, is expanding its plant to meet rising demand for its products, especially from foreign markets. Speaking to reporters after the company's annual general meeting in Kuala Lumpur on Friday, chairman Sarit Yusoh said
      MBT  -  137 words
    • 599 12  -  HOCK LOCK SIEW William Chia Ometraco corporation, once a smallish finance company listed on the Jakarta bourse, is fast becoming a conglomerate with interests in agribusiness, pharmaceutical and consumer products, infrastructure and financial services. While some analysts view this transformation with concern because
      599 words
    • 345 12 It will pay Ms32sm for SIMM stake, TSBs, loan stocks NST [KUALA LUMPUR] Worldwide Holdings Bhd will become a 55.1 per cent-owned subsidiary of Perbadanan Kemajuan Negeri Selangor (PKNS) following the state agency's proposal to increase its stake in the company. PKNS,
      NST  -  345 words
    • 349 12 Kiftn Joo Gui chief denies talks with interested buyers NST [KUALA LUMPUR] The liquidators of now defUnct Kian Joo Holdings Sdn Bhd has yet to decide on the fate erf" its 37 per cent stake in Kian Joo Can
      NST  -  349 words
    • 370 12 MBT [KUALA LUMPUR] All appears to be sailing smoothly at KFC Holdings (Malaysia) Bhd these days, with no boardroom tussles or squabbles affecting the operations of the country's largest fast food operator. Single largest shareholder Puncak Ibarat Sdn Bhd is, according
      MBT  -  370 words
    • REGIONAL COMPANIES
      • 378 17 Urgwf Indewflim tiinbw* processing company hit by log plywood prices AFP Bloomberg Business News [JAKARTA] The net profit of Indonesia's leading timber processing company, PT Barito Pacific Timber dropped by 52.4 per cent to 70.1 billion rupiah (Ss42£4 million) in 1995, the
        AFP; Bloomberg Business News  -  378 words
      • 268 17 Jtmt venture witn Taiwan Cement for ceal-firwl plant AFP Reuter [HONGKONG] Hongkong's giant China Light and Power Co said yesterday it had signed an agreement with Taiwan Cement Corp to jointly develop a coal-fired power plant and associated transmission line in Hualien, Taiwan.
        AFP; Reuter  -  268 words
      • 149 17 Bernama [MELBOURNE] The PET plasty bottling plant in Malaysia is to be expanded this year to this tune of Aslo million (Ssll million) to double its output. Jointly owned by Kian Joo Can Factory Bhd and Australia's Southcrop Holdings Ltd, the plant
        Bernama  -  149 words
      • 188 17 Company to pay state agency 23-5 of revenue from service Bloomberg Business News [BANGKOK] Telecom Asia Corp pic has won the right from the Telephone Organisation of Thailand to instaU an unlimited number of public phones nationwide. Telecom Asia yesterday said it wUI pay
        Bloomberg Business News  -  188 words
      • 215 17 Bloomberg Business News [MANILA] Manila Electric Co, the Philippines' largest power distributor, yesterday said its profit rose 14.8 per cent in the first quarter as sales surged. Manila Electric, known as Meralco, said its net income reached 1.017 bUlion pesos
        Bloomberg Business News  -  215 words
      • 104 17 Bloomberg Business News [JAKARTA] PT Rig Tenders Indonesia, a provider of shipping services to the petroleum industry, said 1985 net profit doubled amid stronger sales. Rig Tenders' profit rose to 6.16 billion rupiah (553.7 million) from 3.05 billion rupiah. Sales rose 24.6 per
        Bloomberg Business News  -  104 words
    • COMPANIES
      • 391 18 Some estimates pot cuts at 20-25%; company discounts fears of price war Reuter [PALO ALTO, California] Intel Corp is due to cut prices of its Pentium and Pentium Pro chips this week, with some estimates projecting 20-25 per cent
        Reuter  -  391 words
      • 316 18 Its associate, MCI Communications, will also be part of deal Bloomberg Business News BRITISH Telecommunications and MCI Communications, its 20 per cent-owned US partner, are considering forming an alliance with a regional US phone company, the Sunday Times of London said. British
        Bloomberg Business News  -  316 words
      • 240 18 NYT [NEW YORK] The Wall Street Journal yesterday began publishing on the World Wide Web, joining hundreds of newspapers that have already made the jump online. But The Journal Is nearly alone in betting that Internet users will pay an annual subscription
        NYT  -  240 words
    • FINANCE & COMMODITIES
      • 443 19  -  Prices have hit bottom and will stay there antil world inventories fall By Teo Sin Ee [SINGAPORE! Pulp prices have hit bottom and are unlikely to rise until inventories are run down, a seminar speaker said last week. Richard Cockram, director of NLK
        443 words
      • 352 19 Bank* will need to set yiriA less risk capital Reuter [BASLE] Group of 10 (G-10) central bank governors have released first guidelines covering capital requirements for multilateral foreign exchange netting. With the new guidelines, banks using multilateral netting and clearing systems would thus
        Reuter  -  352 words
      • 128 19 AFP [HANOI] Vietnam has brought together all stateowned gem and gold companies into a single conglomerate to expand development of the industry and compete in international markets. The Vietnam News yesterday said the Vietnam Gem and Gold Corp will bring together companies previously controlled by
        AFP  -  128 words
      • 173 19 AFP [WASHINGTON] President Bill Clinton announced on Sunday he would end the 23-year-old ban on crude oil exports from Alaska's North Slope, arguing the move would create jobs. "Permitting this oil to move freely in international commerce will contribute to economic
        AFP  -  173 words
      • 175 19 Reuter [BEIJING] The profits of foreign banks and financial firms operating in China rose by 50.5 per cent to US$l4O million (Ssl96 million) in 1995, the China Daily said yesterday. The assets of the 127 organisations leapt by 61 per cent to U5519.14 billion and
        Reuter  -  175 words
      • 136 19 SBKELReport Reuter [SINGAPORE] Simex Euroyen and Eurodollar futures ended little changed after a sleepy session with market interest severely hampered by holidays in Japan and Singapore. December Euroyen ended at 98.50 against its CME close at 98.48 on scant volume of 1,105 contracts. Japanese government bond
        Reuter  -  136 words
      • 145 19 AFP London THE dollar faces a testing week with the forex market seemingly determined to see just how far it can beat the dollar down against the yen before the Bank of Japan roars its disapproval. By 1317 GMT, the dollar was quoted at 104.20/30 yen, well down
        AFP  -  145 words
      • 260 19 ENERGY REPORT Reuter [LONDON] World oil prices spent the day in limbo yesterday as dealers waited for news of a fourth round of oil-for-food talks between Iraq and the United Nations. London June futures for international benchmark Brent blend crude slipped
        Reuter  -  260 words
    • 1437 21 gOOM FUTURES Apr 26 ■woetew d«*e uw RSSItttfTtACTtScMtWka) Ctoaa VaOma Opaa ■■Ml Wgl Lorn IHt On) Irtwrt Mkm *030 450 JmH 90.00 210.00 206.00 OS 2925 M 96 202.00 2975 A* 96 ***** 3350 Urn 96 196.50 300 3080 OwOac 96 197.50 9975 imNmft 197.00 2475 mJ»« WtM
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    • 2185 21 LOHPOH A. A. Corp Adr 661/2 unch A8 Port* 299 "6 Abbay National 5741/2 -1/2 AMadLyons 518 -9 Awn 119 unch ArgyB 331 -2 Art* Group 1T11/2 -1 BAT Ind 492 -6 WCC 347 -3 BOC Group 926 -71/2 BRPatrotoum S96 11/2 BTR 3201/2 -51/2 Bank of
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    • Article, Illustration
      1592 22 AFP QHugSeog +102J6 SHARE prices closed higher following the announcement that Swire Pacific is to lower its shareholding in Cathay Pacific while China National Aviation Corporation will take a majority stake in Dragonair, dealers said. The announcement came within 30 minutes of the market closing, ending a day of
      AFP  -  1,592 words
    • Article, Illustration
      636 22 Reuter Q Shanghai B Index +L4O THE Shanghai B market rose on improved sentiment due to speculation of a fall in interest rates. The index jumped 1.40 points, or 2.7 per cent, to 51.16, on volume of 12.8 million shares worth US$4.3 million. With inflation falling and rumours of
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  636 words
    • 358 22 AFP OwPMn +M.78 SHARE prices finished at a one-year high as investors hunted for bargains among electrical and food stocks. The Weighted Price Index rose 66.78 points to 6,182.70, the highest finish since April 15,1995. Turnover was 2.83 billion shares worth NTSIO9.B billion. Risers beat falls 313 to 70,
      AFP  -  358 words
    • Article, Illustration
      644 22 AFP QOmpoote Index -4JB SHARE prices closed lower on modest volume, following the death of the first lady Ibu Tien Suharto over the weekend. "The market was very quiet and investors cautious. I think it will take a week for the market to digest concerns about the underlying political
      AFP  -  644 words
    • Article, Illustration
      810 22 AFP D SET Index -M 7 SHARE prices fell in thin trading, sandwiched between poor first quarter results and the release of inflation figures later in the week, brokers said. "Overall sentiment remains poor because first quarter results were very weak," said a broker. The SET Index dropped 9.87
      AFP  -  810 words
    • 316 22 AFP Q Manila 4MB SHARE prices fell as investors cashed in profits. The PSE Index fell 20.48 points to 2,960.10. Turnover was 4.6 billion shares valued at 1.7 billion pesos. Philippine Long Distance Telephone Co fell five pesos to 1,380. Petron Corp shed 25 centavos to 11.25. San Miguel
      AFP  -  316 words
    • 379 22 AFP MOompogtgMei ♦1156 SHARE prices rose, led by a t ally in financial and selected second-tier stocks. The Composite Price Index advanced 16.58 points to 965.03. Turnover was 58.4 million shares worth 1.1 trillion won. Rises beat falls 577 to 231 with 109 unchanged. Buying sentiment remained solid throughout
      AFP  -  379 words
    • 625 22 AFP □AHOrimin* -10 SHARES closed weaker amid profit taking as the gold sector lost some of its recent gains and other key resource stocks came under pressure. The All Ordinaries Index fell 6.0 points to 2,320.0. Turnover was 253.1 million shares worth A 5367.3 million. BHP fell 16 cents
      AFP  -  625 words
    • 266 22 Reuter Q Wellington +4J7 STRENGTH in Telecom pushed stocks to a higher close in quiet trade. The NZSE-40 Capital Index finished up 4.67 points at 2,152.13 on turnover of NZ$4O.l million. Reuter 1 p—> AW Banking 7.02 -0.13 ***** Advantage* HMgs tro 0.01 ***** AJr New Zealand (A) 3.78
      Reuter  -  266 words
  • Page 12 Advertisements
    • 121 12 BnJoo plant to get AflOm boost, Pg 17 A note to those interested in «v. :</> itO iws irvi.' l-.i? xr= f»i* share financing V. H If* i! r: *5 'tic Ap j >* V 4U I ti; C iY* rri DC? UC' it} For more information call 223-0355 'X%
      121 words

  • Page 13 Advertisements
    • 2125 13 mi ißisaraßPgitflifiPajifflii 111 l INDUSTRIAL a COMMERCIAL BANK LIMITED AND ITS SUBSIDIARY COMPANIES Sill INCORPORATED N THE REPUBLIC OF S*JGAPOR€) BC BALANCE SHEETS AS AT 31 DECEMBER IQftS Tmoreup T)»o«* man, Ti»Bani, m. !»J. !f!L iSL nmh JST Soo mm StS SIS Amhortud 600,000 500.000 100,000 500.000 OMgowmnHKiilM 223 Quolid
      2,125 words

  • Page 14 Advertisements
    • 2663 14 nil «rsSH r5 PB 5h fl) J2 Ptif JBIBKJW' (S»Aott**aßU*n j mi CHUNG KHIAW BANK LIMITED AND ITS SUBSIDIARY COMPANIES II 1 1 (INCORPORATED N THE REPUBLIC OF SIMGAPOR6) I j BALANCE SHEETS AS AT 31 DECEMBER 1P95 The Group The Bank The Group The Bank I Notes 1995 1994
      2,663 words

  • Page 15 Advertisements
    • 2176 15 111 l m m m n pg s mm. Ptt m m m miiß («*»***aat*») TnT EASTERN BANK LIMITED AND ITS SUBSIDIARY COMFANIES VV V V (INCORPORATED INI THE REPUBLIC OF SWJGAPORE) BALANCE SHEETS AS AT 31 DECEMBER IMS The Group The Benk The Group Tlwßwk Note# 1998 1994 1996
      2,176 words

  • Page 16 Advertisements
    • 2843 16 111 l :*:3iSftKl??PS:£^)JattfJßiHVl JIAL (*«;80«**lHI»i») 111 l UNITED OVERSEAS FINANCE LIMITED AND ITS SUBSIDIARY COMPANIES Vi i V (INCORPORATED IN THE REPUBLIC OF SINGAPORE) i BALANCE SHEETS AS AT 31 DECEMBER 1995 i-~-I»C— IMS 1994 The Group The Company The Group The Company ris —rroft j r. 1868 1994 1996
      2,843 words

  • Page 17 Advertisements
    • 46 17 Pl] SBCI ASSOCIATES I g (SINGAPORE) PTE LTD LOCATIOW WOTICB I We are pleased to announce that with effect 30 April 1996, Lour new office will be situated at: j 9 Raffles Place #32-01 Republic Plaza H Singapore *****9 Telephone *****18 (General) Facsimile 536 9649 I
      46 words
    • 989 17 WW ■ftffPB&mJBKTJBMM 111 l UNITED OVERSEAS FINANCE LIMITED AND ITS SUBSIDIARY COMPANIES NOTES TO THE FINANCIAL STATEMENTS (Cont'd from previous page) Group Th» Coraaany 1— WW foot 7000 (H) General: Balance at 1 January $4,730 24,220 Charge tor the year 506 Balance at 31 December 64,706 24,736 ToW provwwn lor
      989 words

  • Page 18 Advertisements
    • 146 18 COME MAY 1 ST, Qtß EIC WILL BE THE £j( SOLE DISTRIBUTOR Rn FOR HYSTER FORKLIFTS J* IN SIHGAPORE. EAC is committed in giving you the best. We will assure you with service efficiency, professionalism and attentiveness. So, if you're on I the watch for a reliable and trusting partner
      146 words

  • Page 19 Advertisements
    • 62 19 A n Christofle Paris Pavilion Christofle The Shopping Gallery, #02-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robiasoitt 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Isetan Scotti Level 4,350 Orchard Road, Shaw House, Singapore *****8 Talushiauya Singapore Basement 2,391 Orchard Road, Singapore *****2
      62 words
    • 93 19 "^7 B Bv AUCTION Well oiled smooth running investments. Western Australia Four service stations located in the Perth suburbs of Girrawheen, Karawara and two in Port Hedland, are being offered for sale by Public Auction as 4 separate parcels. Each service station is leased to a major oil company and
      93 words
    • 683 19 Ym pf> C|< /M'j W J£l Dm jg »v S The food court Industry in Singapore has reached its saturation point. The potential for local dishes in China's market is great. This is the right time to develop the business. Even with the low rental rate, you can achieve big
      683 words

  • Page 20 Advertisements
    • 339 20 ADD MORE DRIVE TO YOUR LIFE Actually, if you're even thinking of enthuse about. Firmly braced on a double-wishbone suspension with a buying an Odyssey, you already have long wheelbase, and powered by a sweet 2.2-litre engine churning out considerable drive. That's because 145 ps the Odyssey manoeuvres prospective Odyssey
      339 words

  • Page 21 Advertisements
    • 28 21 ♦The Tokyo market was closed yesterday. 'Hp-*** "For real-time stock information, call Quick.stock on a minute. Stock numbers 7 stock pages of The Business Times and Lianhe Zaobao."
      28 words

  • Page 22 Advertisements
    • 36 22 MTheArtofChkMsehmperfel-StyleKa^ Exclusively from: Hua Shi Fine Art Gallery (Business hours: I Oam-6pm Monday Saturday) Showroom 1 608 Martin Road #05-04, Singapore *****7 Tel: *****92 *****45 Showroom 2 276 River Valley Road, Singapore *****7 Tel: *****71 *****23
      36 words

  • EXECUTIVE LIFESTYLE
    • 764 23  -  The once vilified children's author is earning a new respectability, reports hblum smith HELEN SMITH Reuter CHILDREN'S author Enid Blyton, once vilified by the politically correct, is earning a new respectability thanks to her valiant daughter, a little-known literary researcher, and a multi-million pound deal. For
      Reuter  -  764 words
    • 763 24  -  THEATRE REVIEW Freshly Squeezed! featured six short plays dealing with a range of topics By Holly Harrison [SINGAPORE] All last week press releases touted the Asian debut of award-winning playwright David Henry Hwang's Trying to Find Chinatown the finale of six short plays included in
      763 words
    • 382 24 ENTERTAINMENT Foreign interest in film-making may hdp struggling studios AFP [HO CHI MINH CITY] A rusting helicopter carcass and mounds of decrepit equipment littering the sound stage of the Giaiphong Studio are testament to the sorry state of Vietnam's movie industry. Adjacent
      AFP  -  382 words
  • Page 23 Advertisements
    • 302 23 BUSINESS Notices I() AI)V1:K I I S I CAM. TO ILI-IRIK 18 0(1- 741 ISX3 This Announcement appears as a matter of record only. ONGKO PT KERAMIKA INDONESIA ASSOSIASI JAKARTA. INDONESIA US$7O MILLION IDR 23 BILLION SYNDICATED TERM LOAN FACILITY Arrangers and Underwriters Bank Brussels Lambert (Singapore) Limited N.V. De
      302 words
    • 243 23 This Announcement appears as a matter of record only. ONGKO PT KIA KERAMIK MAS JAKARTA. INDONESIA U*****350,000 Project Financing for ceramic roof tile plant expansion Arranged by International Finance Corporation Equity Investment U556,350,000 Provided by International Finance Corporation U*****,000,000 Term Loans U5525,000,000 12 Year Tranche U5550,000,000 10 Year Tranche U5531,000,000
      243 words
    • 271 23 IN THf MATTER OF THE COMPANIES ACT CAP. 50 AND M THE MATTER OF AFTEX SHOPPE PTE LTD (bi Mmbtn 1 Vokmlory liquidation) At on Exlrooidinofy General Meeting of the Company held ol 2/ Cantonment Road Singapore *****5 on 26th April 19% the blowing special resolutions were passed:* It was
      271 words
    • 459 23 NOTICE NOTICE IS HEREBY GIVEN that, I TAM POH SIANG of Blk 347, Clementi Ave 5 #02-76, Singapore *****7, have applied for a Beer House Ist Class Licence in respect of M/s Yen Yen Eating located at Blk 82, Tiong Poh Rd. #01-03 Singapore *****2, and that this application will
      459 words
    • 396 23 NOTICE NOTICE IS HEREBY GIVEN that, I ONG GEOK HONG of Blk 168 Toa Payoh Lorong 1 #01-1028, Singapore *****8, have applied for a Retail Beer Shop Licence in respect of M/s House Of Wonders located at Blk 168 Toa Payoh Lorong 1 #01-1028 Singapore *****8, and that this application
      396 words
    • 293 23 M THE MATTER OF THE COMPAMEB ACT, CAR SO ANO M THE MATTER OF TONO ALUM—UM PTE LTD (M MEMBERS' VOLUNTARY mmmmm RNAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act, Chapter 50. that the Final Meeting of the Members of the abovenamed Company
      293 words
    • 499 23 M THE MATTER OF THECOMPANtESACT.CAP.SI AND IN THE MATTER OF CHANG CHENG (S) PTE LTD y Q y Liquidation) At an Extraordinary General Meeting of the Members of CHANG CHENG (S) PTE LTD, duly convened and held on 25th April 1996 the folowing waa duly paased> 1. SPECIAL RESOLUTION RESOLVED
      499 words

  • Page 24 Advertisements
    • 662 24 I WINE, DINE AMP ENTEBTAIN WORLD S LARGEST SELLING BEER JF J ISet Lunch Dinner |p Flavours at Meisan S$ 18.90+++per person S$28.90+++ per adplt; $14.90+++per child Make your reservations today! Call 731-7996. ||g j A minimum of 2 diners jfpt* is required lor set menu orders. v&rfgt 111 MEISAN
      662 words
    • 140 24 The Mezzanine. It's the ideal place for you to sit back and unload. Then unwind over your favourite drink to the cool, unplugged rhythm of our resident band. We're expecting you. Happy Hours ft Finger Snacks: spm to tpm. Cocktails ft Entertainment: Bpm to lam (weekdays) Bpm to 3am (weekends)
      140 words

  • Page 25 Advertisements
    • 510 25 Where to wine, dine and entertain m Hoooaaiiii Poolside Dining A satisfying experience where you get a choice of Steamboat or Korean BBQ with Maki and Tempura. Steamboat $18 Adult *$13 Child Steamboat cum Korean BBQ $20 Adult $15 Child 6.00 pm to 1030 pm Prices are subject to GST
      510 words
    • 101 25 Home Decor V "-'r ZJ- ''t i; r -For people who love their homes you the most sumptuous r Jwl%ill feast enhanced by an elegant 1\ M#l atmosphere all under one roof. IljJ Choose from a vyKft 9-course SET MENU HWWiBWIIBMgygWHBiiBBIWBI^^BBPSBsBiS^B /ir/y $288 per taMr (weekdays) H|fl||tipiM (weekends endpublic holidays)
      101 words
    • 27 25 6.30pm to 10.30pm, Monday* to Thundtyi. Adult: $23.00*/ Child (below 12 yr>): $14.50* PHOENIX OOFFEE HOUSE Hold Pkonux Bo mi/ 3»i.r«.t RW. 5(23M68). Tab 757 MM If,C»t
      27 words
  • Page 25 Miscellaneous
    • 776 25 TV&BADIO agMM| 0J0 Music Videos. 10.30 Memo. 130 Adbreak. 1L00 Tunas Mek'ar. LOO FM nie Winners. 100 See Wednesday's Sched- 1L30 TV Innovations. L30 Money, Money Money ules 140 AM Close. 240 How Succeed in ness. H mWm. 240 TV Innovations. «L00 AM The Bots Master. 040 AM Morning News/CNN.
      776 words
    • 271 25 CKVPTIC CROSSWORD 6 Where koalas may be in trouble 8 Cunning youth initially followed HH "■H ""■H" 1 ™Lmi~"^■H Quaker founder (4) 9 Happy to accommodate a Pole of chaste nature (9) Average number joining the Ma- bH H| 12 Greeting returned by a woman (3) 13 Past scholar (9)
      271 words

  • CYCLE & CARRIAGE GOLF PAGE
    • 1876 26  -  But in the final analysis, it still rates easy in the mind's eye because there's no challenge perceived, says mcELausiraun NICKLAUS D'CRUZ The writer is the editor# The Asian Golf Review Golfers in Asia who are not accustomed to a links type course
      1,876 words
  • Page 26 Advertisements
    • 73 26 .For those whose time ha* com*, what better opportunity than now to viaw tha naw Mercedes-Benz E-Claaa. Sea it today or call *****00 (Pandan Gardana) or *****18 (Alexandra) for a test drive. Mercedes-Benz 1116 Jb-UIaSS Engineered to move the human spirit. CYCLE CARRIAGE Authorised Distributor for Mercedes-Benz memooMt pandan gardens
      73 words

  • SHIPPING TIMES
    • 295 27 Knight-Ridder Reuter THE sudden hike in grain prices to record-breaking numbers has caused grain houses to ship only minimal amounts, as obligated by their contracts. Most brokers are looking for this week's market to be a "very quiet aflkir" with Japanese charterers-operators on holiday. Fixtures TiMll— The Chinese
      Knight-Ridder; Reuter  -  295 words
    • 180 27 «E* n w C«rr omrMlw UO aMfc 34 Oman Hap U3 andi 71 Cmmtmrntmm _UI *OOl 44 rtLS UO and) 171 ryMMum* am anc* jo OOlTllOwp uo MM* 19 103 79J ZSi Wi MMJCmv 12-50 *O.K 247 MOL »O02 I2U Bap 11 M« Wi— U> 2.74 NdfcCarrian U9
      180 words
    • 368 27  -  4 are trans-Pacific sailings, 1 will serve Asia/East Coast via Suez By Yong Mei Fong [SINGAPORE] The Grand Alliance a consortium comprising Singapore's Neptune Orient Lines, UK's P&O Containers, Germany's HapagLloyd and Japan's Nippon Yusen Kaisha is launching five new North America
      368 words
    • 223 27 The ailing German shipbuilder said to have got 2J>b marks Reuter [FRANKFURT] German shipbuilder Bremer Vulkan AG, poised to declare bankruptcy this week, received nearly one billion marks (Ss9l9 million) more in public assistance than was earlier revealed, newsmagazine Der Spiegel said
      Reuter  -  223 words
    • 201 27 The conntry needs 10 such carriers by the year 2000: official Reuter [SEOUL] South Korea will place orders for liquefied natural gas (LNG) carriers next month. "We need a total of 10 LNG ships by the year 2000. Given our gas delivery
      Reuter  -  201 words
    • 269 27 MBT [KUALA LUMPUR] Malaysian International Shipping Corp Bhd (MISC) intends to continue expanding its fleet while diversifying into shipping and non-shipping related areas. It said in a statement recently that the group set up MISC Enterprises Holdings Sdn Bhd earlier this year
      MBT  -  269 words
    • 103 27 [SINGAPORE] Local-based Kvaemer Fjellstrand delivered a US$5.5 million (557.7 million) catamaran to South Korea's Dong Yang Express Ferry last week The high-speed 40-metre catamaran, christened Don- gyang New Gold, can operate at 35 knots when loaded. It carries up to 349 passengers. It will service the route
      ARTHUR LEE  -  103 words
    • 115 27 Knight-Ridder [NEW YORK] Big tanker operators have shocked the Coast Guard by seeking to be exempted from new training requirements for people who conduct oil transfers, the most common cause of oil spills, the Journal of Commerce reports. The agency was so surprised by exemption inquiries
      Knight-Ridder  -  115 words
    • PORT Shots
      • 99 27 [SINGAPORE] German liner shipping company DSR-Senator Lines has joined the Far Eastern Freight Conference. Although the FEFC only released the news late last week, ths company in feet became a member of the conference oft March 21. Fourteen lines now participate In the conference eastbound and
        99 words
      • 65 27 {MANILA] Netherlands-based Ham Dredging and Marine Contractors (HDMC) is seeking to set up a joint venture with the Philippine Porta Authority (PPA) to dredge Philippine domestic ports. The Dutch dredging and reclamation specialist has already sent a team to the Philippines to inspect the ports
        65 words
      • 96 27 Reuter [MANILA] The Asian Terminal Inc said recently it had entered into a 50-year leaee agreement for its inland depot in Laguna, Just south of Manila. The lease agreement la fbr 25 years and renewable for another 26 years, corporate secretary Candido Flor told
        Reuter  -  96 words
    • 952 28  -  :BKASITZMB OOMMUWITy MOURNS PIONEER: steamers maritime executive chairman dies i Cyril Neville Watson came to Singapore in 1968 and was active in building up its marine industry, working in Keppel and Sembawang shipyards. Friends and colleagues remember him for his vision, fairness and humility YONG
      952 words
    • 278 28 MflC EmptM 6 Ad n Cmprinw 13 am. J Famous 7 AN« 7 Fwdertraws 4 Accord 12 Fl-•right 7 AhrtnkM 4 a fiiwinthin 4 FrotJ 12 Mro 3 WlorM 12 Mrt Cltt Express 4 i,-, GMurtrans 13 jsT t lruV .I ClobcNnk 7
      278 words
    • 14192 34 EXPORT ETA ETA Advertiser VnM Vovege Telephone ETA ETA Advertiser Vtiu4 Vovege Telephone gj DesTn Name Heme Ijgg Number SIN PwTw Heme Neme Number Number A 04/05 07/05 Avent KOTA SUM A SURWS *5-*****99 A 04/05 07/05 BCL KOTA SUMA SURW *9-****** lain I1U /AB n •»«/>■» 04/05
      14,192 words
    • SHIPS IN PORT
      • 440 41 22S -rt" J—I Nil —M**- Jl0 *m** 30.04/1000 04/9* JM 02.05/1200 < O jn iliMim 30.04/2300 j*""* OV* 0145/2300 S2.£?5 M 2944/000 "J"™ 17 J01 29.04/2000 ""*f 3 jo. «mpM* 29.04/2100 aT*"P VW JOI tfN0Mt 29.04/1000 5 J04 daapMt 29.04/1000 M« JO llimlil 30.04/0200 5 "1" I 0V*
        440 words
      • 1169 41 jggjg OF PFOWT Fa COHTAHEKS AMD LCL CARGO 5* ttfc/tr NrtX Ftm MW wm WMM ww ww mmo umrnm not &2/o>oc ™voc xvt»w )*r*oc 2t JVWOC nw M/V100 MM MW mwm 4 WW WW warn «>* um wnw u ww mm mm Si ww wyw w»r jc,™"4oc 4
        1,169 words
      • 792 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
        792 words
      • 336 41 J Netherlands: Queen's Day. Bangladesh, Pakistan: Ekl al-Axha. S Ar ?y* PStfl oft Emirates: (tentative) Eidal Ad ha (depends on sighting of the moon). MATI Austria: Labour Day. SSTshiSSilfjt'ock exchange and Shanghai metal exchange closed Colombia: Labour Day Croatia. Labour Dav £s*Labw!u Dav France Labour Day. Ghana: Labour
        336 words
    • AIR & LAND TRANSPORT NEWS
      • 340 42 The company also sets up a new division to develop the snper-jnmbo aircraft MBT [TOULOUSE, France] European aircraft consortium Airbus Industrie intends to secure half of the worlds aircraft market share by early next decade. The company, which was established in
        MBT  -  340 words
      • 52 42 [LONDON] A full blast ofsteam emerges from the engine qf The Golden Arrow as it draws the Orient Express out of London's Victoria station on Sunday. It is thefirst time in 50 years that a steam locomotive has been used to pull the railroad
        AFP  -  52 words
      • 141 42 Reuter (LONDON] Nearly £11 billion (5523.3 billion) will have to be spent repairing bridges, tunnels and sea defences on Britain's rail network much more than the government admitted in plans to float infrastructure company Railtrack, the Daily Telegraph newspaper reported yesterday. The newspaper
        Reuter  -  141 words
      • 157 42 Reuter [CANBERRA] The Australian city of Brisbane in December had overtaken Melbourne as the country's second largest international gateway, Transport Minister John Sharp said yesterday. "Brisbane became Australia's second largest international gateway, behind Sydney, in December with 16.7 per cent of international passengers
        Reuter  -  157 words
      • 137 42 AFP [BEIJING] Several foreign airlines have announced they are expanding their services to China, the official Xinhua news agency said recently. US-based Northwest Airlines will add a direct BeijingDetroit route on May 3, while Singapore Airlines boosted its weekly flights to the Chinese
        AFP  -  137 words
      • 215 42 Reuter [SHANGHAI] Two Japanese firms that bought 25 per cent of a Beijing bus-maker said yesterday the heavy losses it posted in 1996 were expected and they were investing for the long term. In 1996, Isuzu and trading firm Itochu bought 15
        Reuter  -  215 words
      • 357 42 Plant* Up growing U'&fßc bolwMD N America and Asia Reuter (VANCOUVER, British Columbia] Vancouver will open a new Cs26o million (Ss26B million) international airport this week as the western Canadian city launches a drive to win more of the growing air traffic between
        Reuter  -  357 words
      • LOG Book
        • 94 42 Reuter (BYDNKY) Qsntas Airways Ltd Mid yesterday it would introduce weekday "earlybird" services from Melbourne and Sydney to Perth from July 8, arriving up to two and a hstfbotin earlier thra other non-stop flights to Perth. Qpntaa, 25 per csnt owned by British Airways,
          Reuter  -  94 words
        • 110 42 Reuter [JOHANNESBURG! South African Airways (SAA) said yseterday it had launched a code-share agreement with Lufthansa which forms the backbone of a strategic global alliance be twesa the two partner airlines. A total of 29 codashsreoennections weekly to Ave destinations in Germany (FrsnkfUrt, Munich and
          Reuter  -  110 words
        • 116 42 AFP A VfrftaAllttstic jumbo Jet flying to New York flamed back Sunday after losing one of its eecape chutes in midfiight the company said. The chute feli on e tree in a car park near Heathrow airport narrowly missing a lorry driver who reported
          AFP  -  116 words
        • 85 42 Reuter [MEXICO CTTY] The head of Mexico's national railroads mm on Sunday the country isreadytogoahead with plans to privatise some of its rail system, according to stat*owned news agency Notimex. Luis de Pablo, director of the National Railroads of Mexico (FNM), said the prtartiaetton process
          Reuter  -  85 words
      • 318 42 Reuter [NEW DELHI] A slowdown in investments in the first quarter of 1996 is expected to restrain sales of trucks in India but pent-up demand will likely boost car sales over the next year, analysts said. Manufacturers of heavy commercial vehicles (HCVs), mainly trucks,
        Reuter  -  318 words
      • 1210 42 CITY RJSHT ETA FUOWT ETB 6*974 2335 filllLlJJflC tOMWH MM* om mo 0FI2 20SS *Ml VN74S OOO VR744 MOO S0220 too wtT4i wo vw740 mm MM GA097 1045 6A092 0030 T0407 2105 TG406 0020 KL037 M4S KLM4 0040 MB Ml MB MB S0327 B30 On 2300
        1,210 words
  • Page 27 Advertisements
    • 12 27 Maritime community mourns a pioneer Tributes to Cyril Neville Watson Page 2
      12 words
    • 488 27 TALKS COMING UP NEXT WEEK Singapore F rel gh. Forwarders Association Iu JhKm RAPTrPY AMD start n^the following Khmm| IMPROVE- courees: l|if SUadard Trading Oondfttou May 7- June 18 REPORTING SYS- laUraatioaal Forwaidlag C May 7- Aug 27 Saa Traaaport May 15-Aug 14 To be held at the Maple Room,
      488 words
    • 20 27 Airbus targets half of global market in five years It sets up a new division for super-jumbo jet Back Pa#e
      20 words

  • Page 28 Advertisements
    • 1110 28 M^i V I I HHHHHHHHI I I I I ***I*™ 1 1 mmm mmb Iwlmilnm I ok In |«na»an "Im" rt—nii mum «p> m ~T!m«T Hlfir "WW OT/" JIL IMWI IK MA Ml M/V M 8/M 18/ MI H/M ]1« hm qm b/h WKMWllli WIW JW IV* WIVW 1 IJ/W
      1,110 words
    • 194 28 Unw MrvtoM raprMtatoc by Mcmbws of ttw RagMry of AccradM Shipping Agwita. S'pof» National Shipping Amo Sa SfflPPmGTaffisONLmE Just talk to uft... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 k I~ Vpam PXrtwg la—igFar. DB-R Bkl 02/06 RcftiVAMBmnAJK/NM* I ACTEM AC6O4 12/06 22/06 AdnVMwffimMJK
      194 words
    • 7 28 #Mambare of Vw anflfxw FwHW ron—wfra' AaaooMtan.
      7 words

  • Page 29 Advertisements
    • 1232 29 v/ II (ciilXlJsj V mTITTB ||V| c PAORC SOUTH WIST EXPtESS (MtKT) ygsa 1 vor Ihi Iswm I sure m In I I oi wc a I mm 1 no 4 sm I mwmm wm b/m \nm g/w Iw/b hm u/w u/w Inm t m/m n/* nm w/b Hi rg
      1,232 words
    • 1412 29 HANJIN SHIPPING limimw/w IMI M m m m wr 01 wr m —fmi ma mr tm wc in mi in w» MBWMW M/ w/w I nm~ m/m mm mm mm m/m ~nm ~v/m~ am m/m vm vm Um |nm ~mm~ mm nm ~nm~ M ff^ ,w>i v/ti w/w Inm ii/m
      1,412 words
    • 246 29 EXPOKT 3 •IK Milium -1 xMwh •1» KnAiwu. Kwfcn t* wiping fQMIKK/MWKVMNDAI/CMU/IQt j mump m ML tu» tin un m \m H* \ut nx mi in mc mt JUL 55 51 ujsl JBJH «r» mc, VJW MM JML ius ilb m mi 55^ Milfin Mil IUC mr JUL _IZH 2UL-BJI
      246 words

  • Page 30 Advertisements
    • 481 30 y W P?¥¥T7 ■■■A■A■ A M W E A A hhh A i h t i i B J»MH W »ifj wssa wv nm raw amt km stom pjsum sm HC( UO TVO SM OK MS :j: ip l^-^^-^-— mswbwb urns IV4 IV4 IV4 |s/5 lt/5 la/s |ivs •h* fiUiActwwJO
      481 words
    • 871 30 I NORASIA VOY IMM I ALO LAS BCL VAL HAM Wm^mTMtTriLlZ^ I SSI SS 525 14-1 55 vm "<■ MM MM I«. MOTIVATOR HfW I MbSB I 2MB T%M X\M Ml tIM KM M |M| MM mm SSfiSt 1 2S 2S 22 MM mm mm !S5 nZ 35 35 I
      871 words
    • 488 30 JAPAN/HOMOKOMO/STRAJTS RSQULAR SERVICE LOADING FOR PORT KLANQ/PENANQ vam. vov s-forc p buoom pm I^oi FOR EAST EXPRESS I t>J MPT CHEZ MOW J SU) MPT wsta I 5ma Imm mm z mmy nmt SUM tum i WHAT I NMT Ioobormnte i nmv mwntfiw i why gg TONO _4 hmt 11
      488 words

  • Page 31 Advertisements
    • 961 31 fipnr STRAITS SHIPPING PTE LTD I mggt Mi II Nm CkiMf #11-91 Ktpfftl Tawtrt Ihgw I2M Ttl: *****8S Fax: 22M117 guinea Memo line jggpp (A SERVICE OF CHINA NAVIGATION CO) S2***£« sm F^M*OO«MM»MH9WI.M.9RMHM»I»F9PUA.H»«M^ nmnsnM vmik mm* mm* aMiuinaWi. mum HOPE VMIIE MMm 171% UmlUiDnMi SfiJßOflS fflt UK W til I
      961 words
    • 953 31 ACCEPTING TO ODESSA, VAKNA AND CONSTANTZA VIA UMASSOL AISO ACCEPTING TO TRIPOU, UNOHAZI VIA I «wWi mum dhiimwM >MX>ft hi mmi/m momma; wm -i ICOSTAM SMPPMG flf LTD W afcca n. n hwim mmtmaammmm. tanum crn+m-.msm +*—**mm wmwmi mv-tmtu/it/ imvtsMin fmcman r t i «mw TZmm* Ik U.S. Un Cp«J
      953 words
    • 280 31 j OiIIBUUNU I HI I Pt> JOH I Jt |NK|Molll|glT«|wi| Mfi I Ott m ML M MB 9B Nfi a» »w iffi ire hiro nre w*\ Tl— z Ml Mi |Mi MS -1-1 I IVtt -IMB- -ttfl. JUL JLBL JML JML Immmti?/** I Mslms mslwmsl iits ivis mshits ms ~mT
      280 words

  • Page 32 Advertisements
    • 802 32 run ROM AMW HM IMP LNV IHV TMP MM MM NN PBL MP C. REACH MHN to 14A ZW tM tM t*A E. BEMIUM-BM Jl/J V* V* 4/4 I* Z*4 1/1 E. ROUNO MMH 11* 91A 1/1 U M U I. BARLAMO RE-844 7/4 IBM M 11/4 12/4 M imMMMHK
      802 words
    • 920 32 a m mffmmmmmmm/mamm t vtssa votmi sm m m mm mm iwt mi rosa votmi dm am mm mm sm mamas oiomko oiah iz/w ivk ivw is/m it/os i«*s mout <m*m m n« n/M zvm v/os MCOKOn M0I«M 01/05 IW M 5 Jl/B IM» flti |WOMMO 0M741K M/OS 11/K AM>
      920 words
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  • Page 35 Advertisements
    • 41 35 To retrieve more schedules, just follow these simple steps... document tep be Qelect the port your Step key in the four number M digit code Key in your Exampte; r-L, fax number To HAMBURG (HAM) 2150 for calls within Singapore GeflHWty
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  • Page 37 Advertisements
    • 469 37 JESSELTONIM~| MUARA LABUAN mm mm MM MMCA MM IM mmmnattnm/% u u mmmrim/m u su KKMMTnivw n/m m/w ihs—twivh... ji/b m/m ■MBMIMMTMN/H M/M M/M "S?£L^*2 /H insaMnrvia/M m/m u/ts maow YIM/H IJ/M U/M ,1 t5 mtmmnafm »/m n/u i fllfl NHAKAN HCKMABALU! S. l =7™ MMIIMIIM/W M/M M/M m m
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  • Page 38 Advertisements
    • 948 38 McmSßiEmM&immßil Iw. w vt—«L ~voy~ m Hi 1-fTnn n«w ««i 1 CAQtgnoe 1» Tua I mm" u* o«am j 1 P"* *»> Ty mw" Thu oane' H 2pl WAMABHUM aao MM 01/06 Sun 06AM SUMOA MAS SMPAT gg Thu 01/06 SM 04AM yiyti MMMi T m ill IFTI WW »ITT
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    • 74 38 M TOOK IUM8AN ROM MMI QIPOWT CENTRE. STORE MM TEL *****11 (6 Unw) FAX: *****06 TLX: RS ***** Cfl MO. **********0W Kisa wot. rn no nanMian UMNI 14M MMM MM POHTMNM Far MmlrtM aM MaHap ptMM c«McE^ SEA8PACE INTERNATIONAL (S) PTE LTD 133 Nm Bridg* Road §00-08 CMmrtewn Point T«fc
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  • Page 39 Advertisements
    • 635 39 T f AC SINO IXPRIBS SHIPPING (PTI) LTD. V M M I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE 0104. J TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 3INOEX SINOTRANS SHANQHAI (CONTAINER SERVICE) SIN/HKO/SHAI I 8* PORE HKQ SHAI i- -yum. VOY ETA I ETP ETA ETP ETA IHP
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    • 360 39 fcttMjlijj CqWTAJMEfUJJHEfcJHO ms£HTaSs 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEN/PK SIM HONG KONG 4/5 5/5 mv "WAN HAI 225" V.NOIB TOKYO/YOKO 4/5 5/5 mv "ALLIGATOR FORTUNE" V.***** LONG BEACH ALL USA PORTS 6/5 7/5 mv "HY. DUKE" V.034E CALL S'PORE: EILEEN, PHYLISS, XIUHUA PKLs CHEW/VIVIEN PEN: YEN NEE/KHOO CAU. mwuiwmi JIN XING
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    • 292 39 ATTRACTIVE i FCL/LCL RATES TO:> Indian Sub-Continent Ports "i MADRAS/BOMBAY/ CALCUTTA I COLOMBO CHITTAGONG 5 NHAVA SHEVA u "M P® I WENDER CONTAINER LINBQ ENQUIRIES BOOKING* PIS CALL TELt 224 6744 1 B O.K. line! FULL CONTAINER SERVICE S 1 PORE/JAKARTA vosa VOY SK XI TAMBANG VI 725V72M 0&06 07*
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  • Page 40 Advertisements
    • 528 40 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 iN Know Your I M I Rights And I II Labilities, I SCSI*— W Sign Up Now. I pss J ■IHHIIIIIIIIPRMIPIIiIIIMMMIIVIfHRVIVBHninniViniIIVIIIVIfIMMVHWVIfHIH llNtttfom nmoMT A»»ocuno« "*"mj§PP y I J| i JBferi J y n I HMHMHMi H
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  • Page 42 Advertisements
    • 83 42 iftt ASA CONSORTIUM NYK LINE, LLOYD TRIESTINO, HANJIN SHIPPING AND REGIONAL CONTAINER LINES are pleased to announce their ongoing committment to the South East Asia/Australia trade. Members have recently upgraded tonnage in this trade with the introduction of the newly built 'HUNSA BHUM* and the deployment of the 'NUOVA AUSTRALIA*,
      83 words