The Business Times, 2 May 1996

Microfilm: NL20599
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04W12/95 Internet' http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, MAY 2, 1996 =1
    14 words
  • Article
    MARKET SUMMARY
    2 1
    2 words
  • Article
    FINANCE
    17 1 ith'j W -tW W9& h wweL_— im it* rTZZZZZZZtS ixu.. iaS CMttt fllH (Source: NatWest Bank)
    17 words
  • Article
    Analysts raise Q1 growth forecasts
    556 1  -  Strong industrial output, finance and business services safest 9.1% growth by, Anna Teo [SINGAPORE] Forecasts of the Singapore economy's firstquarter growth have gone up in recent weeks on the back of sustained industrial output and a buoyant finance and business services sector. Projections for gross
    556 words
  • Article
    US lauds S'pore govt contracts System
    389 1  -  From Leon Hadar in Washington THE Clinton Administration has lauded Singapore for a government procurement system that is open to international competition and free of bribery and corruption. But it also criticised the Republic's record on the protection of intellectual property and demanded that
    389 words
  • Article, Illustration
    Computer world jiving to Java
    495 1  -  uowmuT Dream of a common language being realised, says ZoHMth Jams Kenneth James TOGO where no computer has gone before, to a world where dtfferent breeds of computers talk to each other ae easily ae thoee aliens in Star Trek and Space Preetnct In the
    495 words
  • Article, Illustration
    Lock icon Property rules for civil servants in 2-3 months
    258 1 [SINGAPORE] Rules and procedures for civil servants buying properties shoald be ready in two to three months, Prim# Minister Goh Chok Tong ipd yesterday. The Public Service Division is working out the rules, aimed at assuring the public that everything is above
    STRAITS TIMRS PECTURS  -  258 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      42 1 1 ■T m j P. ■BhRMMHI Mmilliiillb J Pvctt&Liy tuywi who have been nflHn for that rare %or(9i)ty-a project hunch in 10-^ SttTtoahteSity jailing to mow up. Pga vpipf OQapHp o^^mVjc^\ Hfciwattiawl t X~:.vS PROPIRTY 8 'LJFISTYLE. 14-16 COMPANIES 10-11 an < i
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      Page 1 Advertisements Column 2
      21 1 111 <i i i < > m < inl< i 11m ii:i i > f! 1 i 1 V- > to M V\|l GIRARD-Pt RRfrGACJX C%
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Bukit Timah subsale market for new projects picking up
      290 2  -  By] Michelle Low THE subsale market for new projects in Bukit Timah is slowly starting up, with the first Merawoods units being resold for about 6 per cent more, or a $40,000-150,000 premium. Data from the Singapore Institute of Surveyors and
      290 words
    • Article, Illustration
      Properly prices mirror stability
      495 2  -  PM says foreigners boy because they are confident of Republic's future By< Anna Teo THOSE who argue that foreigners should be restricted from buying Singapore properties because land is limited are barking up the wrong tree, Prime Minister Goh Chok Tong said yesterday. Foreigners and Singaporeans
      495 words
    • Article
      New home for NTUC
      108 2 THE National Trades Union Congress (NTUC) will get a new home in Raffles Quay. Prime Minister Goh Chok Tong yesterday announced that the government has set aside a parcel of land for a new NTUC building, making good on a promise be gave Ave years ago
      108 words
    • MEWSRoundup
      • Article
        Vise-free incility for Christmas
        76 2 THE *ho«r visa-free fecility will from June 1 biMML nrihr»nPnn P ]^Rn ff iiihlfa»nfr>»tt^».rt^l.lw T l^ rrt nil at m n mblii M a > ■"'■i a punnporw wr tiiowwift issued by the PRC PublkAf&drsDepvtmantTba V visa froe facility, ctoiandy iwiilkliktoillGUßipt ytfrtftPilSi hatbeenei|rfottectby tymUcBlML tHMiiMM visitors
        76 words
      • Article
        SKA most admired to survey
        23 2 mn ilw mi nml yiw niinilinlliifnit Iff tnprnrt lifnri ffiiirttwrni nrlil|liart WWIMHIM WhMfc Mlguriwi third. Thawjryy fmUfloducftrt ljb
        23 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      459 2 BANKING HALL or SHOWROOM at Cecil Street for Lease Size: 3,188 sq ft To enquire, please call: fli Kestrel properiies PTE LTD TO: *****23 ext 66 Orchard Road Office Freehold Strata Title Whole Floor Orchard Towers 7,330 sq ft High Floor Outside Restricted Zone Tender closes at 3.00 pm on
      459 words
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      Page 2 Advertisements Column 2
      3 2 Finest Scotch Wtaaor
      3 words
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      771 3 ■Property transactions Jbr districts 9 and 10 (sectors 22 to mm m *ts OOFT) (SStttl CSS) PteHrt OUcectera Aspen Ht Apt 3CW96 999 1582 T740 tlOO AspcnHI Apt V2/96 999 662 1067 1180 Aspen HI Apt WK 999 1044 1220 1168 AspcnHI Apt 0/3/96 999 ©93 1760 T105
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    • Article, Illustration
      Three prime projects coming
      754 3  -  But indications are that only those with deep pockets need wait for these District 10 apartments By' Tan Su Yen [SINGAPORE] Property buyers who have been waiting for that rare opportunity a project launch in District 10 need hold their breath no more. Three apartment projects,
      754 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      214 3 An IBM PC for companies with more ambition than bucks. ijjk The IBM PC 300 is the ideal desktop computer for 'Wl V companies that aren't rich and famous. Yet li -jk It's powerful. Easy to up--sj| grade or network. (Just the thing ■s^"" if you're going online or opening
      214 words
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  • SOUTH-EAST ASIA
    • Article
      Borrowers alarmed at prospect of ADF running dry
      483 4  -  ADB MEETING Asian economic miracle conceals the fact that 750 m of the world's poorest people live in Asia Reports by Catherine Ong in Manila THE poor countries talked a lot about it while the rich tried to avoid giving it. Money
      483 words
    • Article
      S'pore urged to donate to ADF
      412 4 THE head of the US delegation to the Asian Development Bank (ADB) annual meeting has urged Singapore to contribute to the bank's concessionary lending. Asked at a press conference whether Singapore should be punished for its noncontribution by being denied ADB's procurement contracts, Jeffrey
      412 words
    • Article, Illustration
      Lock icon No monkeying around when it's a test for Ebola
      66 4 [TAN AY, Philippines] Filipino veterinarians getting blood samples from Philippine monkeys at a primate breeding centre in Tanay town near Manila yesterday. The tests, conducted in the presence of US health experts, are to determine ifany of the monkeys carry a
      REUTER  -  66 words
    • NOTEBook
    • Article
      Lock icon Malaysia hits out at aid donors at ADB meeting
      151 4 MANILA Reuter MALAYSIA yesterday attacked aid donors, telling the Asian Development Bank's 29th annual meeting they attached too many conditions to their assistance. Malaysia's Deputy Prime Minister and Finance Minister, Anwar Ibrahim, told the Manila meeting that rich donor nations sometimes
      Reuter  -  151 words
    • Article
      Lock icon M$400m financial park to help attract investments
      90 4 ■LABUAN Bernama MALAYSIAN Prime Minister Mahathir Mohamad said yesterday that the completion of the Ms4oo million (*****.5 million) Labuan Financial Park will enable Labuan to attract more investments, especially those in the offshore financial sector. About 50 banks and financial institutions had shown
      Bernama  -  90 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      320 4 BUSINESS Notices i<) \i)\i;k i i s i <\ i i roii. -1 ki: i: isitii 7 4 i inn.* WMGIAI WING TAI HOLDINGS LIMITED 5562,000,000 Floating Rate Notes Due 1999 In accordance with the provisions of the Notes, notice is hereby given that the Floating Rate of Interest for
      320 words
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      Page 4 Advertisements Column 2
      394 4 NOTICE NOTICE IS HEREBY GIVEN that. I Lim See Hoon of 58 Mariam Way Singapore *****7, have applied for a Public House, 2nd Class Licence in respect of M/s. Jimmy's Garden Restaurant Pte Ltd located at 112 East Coast Road,Katong Mall, #01-13/14/15/18 Singapore *****2, and that this application will be
      394 words
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      Page 4 Advertisements Column 3
      246 4 NOTICE (jj| THAI NUUttRY BANK HULK COMMUfY LiMfTID M|9ißMiv nvnii| mw #AaA|ll«Ml*« p MfHOT VMV MflllMlil \#ff Pftdt Am to April 1998 I C; v*s'-- M*.-'-In accordance wilh the provisions of th® Certificates of Deposit, notice is hereby given that for the Interest Period from 30 April 1996 {inclusive) to
      246 words
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      Page 4 Advertisements Column 4
      451 4 CONSOLIDATED METALS MINERALS Pl* LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN purauaot to Sect»a3o«oftheCampaßset Act (Cap. SO) chat die final meeting of the member* of die abovementioaed company will be held at 161. La vender Street, #02-01. Singapore *****0 oa Taaaday,4thof Juae 1996 at
      451 words
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      Page 4 Advertisements Column 5
      311 4 IN THE MATTER OF THE COMPAMES ACT, CAP.SI AND IN THE MATTER OF ALPS ARTS ft CRAFTS PIE LTD (IR INIIIINI I WWllßliiy UplMia) At an Extraordinary General M6BDHQ 01 ui6 fntfnMrS Or uw abovenamed Company duly convened and held at 155 KaKang Way. #01-25/26, Kotam Ayer Ind. Park, Singapore
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Central bank cuts interest rates as inflation slows
      386 5 SHANGHAI First cot in 5 years sees reduction of np to L 8 percentage points on savings deposits AFP Bloomberg Business News CHINA cut interest rates yesterday for the first time in five years, reducing by as much as 1.8 percentage points
      AFP; Bloomberg Business News  -  386 words
    • Article
      Lock icon Riots after handover feared
      92 5 HONGKONG Reuter A HONGKONG magazine said yesterday it had obtained a leaked internal document prepared for the Beijing leadership predicting violent riots could erupt in the territory upon its handover to China next year. The independent Chinese-language Cheng Ming quoted the document as saying rioting fomented
      Reuter  -  92 words
    • Article, Illustration
      A partnership from positions of weakness
      543 5  -  cam A WATCH Russia and China have little choice but to rely on the West By Lu Ning THE one thing that the Russians and Chinese appear to share is their love of theatre. It was perhaps no coincidence that each time a Russian
      543 words
    • Article
      Lock icon No cooperation with Beijing on legislature: Anson Chan
      171 5 HONGKONG Reuter HONGKONG'S Chief Secretary yesterday said the British colonial administration would reflise to cooperate with a legislature Beijing plans to install in the territory, setting the stage for renewed confrontation. Anson Chan said she had told China's top official for Hongkong
      Reuter  -  171 words
    • Article
      Lock icon China said to promise PR status for foreigners
      257 5 HONGKONG HK business team says Bering has pledged a generous policy on expats AFP CHINA has pledged to grant permanent residency to all foreigners in Hongkong who have been working and living in the territory for at least seven years, it was
      AFP  -  257 words
  • Page 5 Advertisements
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      367 5 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters pUtue cantact Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE
      367 words
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  • ASIA
    • Article, Illustration
      Lock icon Congress to form govt even without majority
      398 6 NEW DELHI AFP INDIA's ruling Congress (I) party said yesterday for the first time that it will form the next government even if general elections now under way produce a hung parliament. Congress spokesman Ved Prakash said the party is confident of securing
      AFP  -  398 words
    • Article
      Lock icon Conditions not ripe for yen to rise: BOJ chief
      189 6 MANILA Reuter Reuter, Bloomberg Business News BANK of Japan governor Yasuo Matsushita says Japan's fundamentals are not conducive to a further appreciation of the yen. "Ever since last week we have seen an improvement in the exchange market," Mr Matsushita said
      Reuter; Reuter, Bloomberg Business News  -  189 words
    • Article
      Lock icon Directors more optimistic
      141 6 SYDNEY Reuter AUSTRALIAN company directors reported a dramatic recovery in overall confidence for the Australian economy, a quarterly survey showed. The March quarter survey, produced by the Australian Institute of Company Directors and accountants KPMG Peat Marwick, showed 32 per cent of directors expect the Australian economy
      Reuter  -  141 words
    • Article
      Lock icon Bank head held over loans for kickbacks
      204 6 SEOUL Reuter SOUTH Korean prosecutors yesterday arrested the president of Korea First Bank on charges of illegally giving loans to a construction firm in return for kickbacks. A prosecution official said: "The bank president was arrested early this morning." He declined further details.
      Reuter  -  204 words
    • ASIANotes
      • Article
        Lock icon Sri Lanka maintains growth at 5.5%
        67 6 Renter [COLOMBO] Sri Lanka's economy maintained a moderately high growth rate despite the Tamil rebel war, the Central Bank said yesterday, but a business leader warned that rosy statistics hid the reality of Calling margins. Gross domestic product grew 5.5 per cent last year
        Renter  -  67 words
      • Article, Illustration
        Lock icon Hashimoto pledges economic recovery
        56 6 Reuter [TOKYO] Prime Minister Ryutaro Hashimoto speaking at a May Day rally, at Tokyo's Yoyogl Park organised by Japan's 7.7 million-strong labour union Rengo. Mr Hashimoto became the first Liberal Democratic Party (LDP) premier ever to attend the "festival for workers" and pledged economic recovery to
        Reuter  -  56 words
      • Article
        Lock icon Japan's reserves up US$1.7b
        37 6 AFP (TOKYO) Japan's foreign reserves rose US$l.77 billion (552.48 billion) from March to USs2o6.72billion at the end ofApril, the finance ministry said yesterday. The total has increased for the 30th straight month. AFP
        AFP  -  37 words
      • Article
        Lock icon Balanced budget for Australia
        72 6 Bloomberg Business News [CANBERRA] Prime Minister John Howard yesterday said his government will reduce Australia's current account deficit and foreign debt through a balanced budget and micro-economic reform. "We are badly in need of microeconomic reform" and "we have an appallingly low level of savings, and
        Bloomberg Business News  -  72 words
      • Article
        Lock icon Telecoms in prrivate hands by year-end
        69 6 AFP [COLOMBO] Sri Lanka is pressing ahead with plans to deregulate telecommunications and sell off the state-owned phone company to a foreign operator despite bitter opposition from trade unions. Telecommunications a Minister Mangala Samaraweera yesterday said the government hoped to call for international bids
        AFP  -  69 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      297 6 CODA TO THE RESCUE! In the "sink or swim" world of financial management, a software that keeps you afloat could mean all the difference. CODA is one off the leaders in this field with 1,500 organisations in over 45 countries using our financial accounting software the "Mark Spitz" of accounting
      297 words
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  • THE WORLD
    • WORLD Vatch
      • Article
        Lock icon US construction spending up 3.1%
        62 7 Reuter {WASHINGTON] Spending on new construction projects shot up at the festest rate in four years during March, anapptng back a February the Commerce Department said yesterday. Total spending increased 3.1 pa* cent to a seasonally adjusted annual rate of U*****.4 bllhon CSl76Bbillion) in March—the
        Reuter  -  62 words
      • Article
        Lock icon Japan pledges help for Unotad
        49 7 Reuter (JOHANNESBURG) Japan said yesterday that Unctad should focus its activities on helping least developed countries integrate into the world economy. Foreign Minister Yutihikollcedfttnttl the {Kb United Nations Conference on Trade and Development meeting here his country would boost its involvement in the body.—Reuter
        Reuter  -  49 words
      • Article
        Lock icon Teries put up brave front on eve of polls
        69 7 Reuter elections. With the Conservatives projected to lose about half of the almost 1,200 English town hall seats they are defending in today's poll, speculation has intensified that a drubbing could fbrce MrMajor out of office."l have no M doubt that
        Reuter  -  69 words
      • Article
        Lock icon US m see rebound
        45 7 Bloomberg Business News {TEMPI» Arizona} Business at US fectories improve in April, suggesting that manufacturers are counting on a rotated in the economy tolnrrssaa rtemfrnrtfor their products. The National Purchasing^ JulytW India was above Co> the Jt manufacturing is expanding.—Bloombergßutfotta gmut
        Bloomberg Business News  -  45 words
      • Article
        Lock icon Geŕman unions doory govt savings
        38 7 Reuter (BERLIN] Tens of thousands of Germantrade union supporters used Labour Day rallies yesterday to protest against a government savings plan which they see as an hoped to marshal agMmt the welfere cuts.—Bauer
        Reuter  -  38 words
    • Article
      Lock icon Countries in telecom talks extend deadline to Feb '97
      400 7 WASHINGTON Extension will allow many countries to improve their market liberalisation offers, says US traie official Reuter THE United States said on Tuesday it was unwilling to accept a "bad" deal in global talks to open telecommunications markets and sought an
      Reuter  -  400 words
    • Article, Illustration
      Lock icon Cleaning up for May Day
      35 7 [MOSCOW] Women armed wtth brooms and buckeoleaving Moscow's Red Square q/ier scrubbing it clean for yesterday's festivities which will be followed by the Victory Day parade on May 9. AFP
      AFP  -  35 words
    • Article
      Lock icon EU takes first step towards easing ban on British beef
      232 7 LUXEMBOURG Bit tag fight atari mrw&yitoitaiip —tmiowiM—in Reuter THE European Union has tak-en-a first step towards gradually easing its ban on British beef exports but a long fight lies ahead over the terms as it made clear that Britain must
      Reuter  -  232 words
    • Article
      Lock icon Fayed denies plan to form political party in UK
      145 7 LONDON Reuter THE Egyptian chairman of London's luxury store Harrods, Mohamed A 1 Fayed, yesterday denied a newspaper report that he planned to form a new political party in Britain. The Independent said Mr Fayed had earmarked £23 million (Ss49 million)
      Reuter  -  145 words
    • Article
      Lock icon Indicators rise for second month running
      280 7 NEW YORK BitlarchOgve was not as high ukaiben Bloomberg Business News THE index of leading economic indicators intended to predict US economic activity over the next half year rose for the second consecutive month in March, although at a slower-than-expected rate. Improved consumer expectations
      Bloomberg Business News  -  280 words
    • Article
      Lock icon UK to ease curbs on control of radio stations by papers
      113 7 LONDON Reuter THE British government wUI introduce amendments to the broadcasting bUI currently going through parliament to liberalise the pro visions relating to locpl newspapers' rights to own radio stations. Junior minister at the National Heritage Department, Lord Inglewood,
      Reuter  -  113 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      269 7 r®tring lill CaP 1 lazz, 1 I ssr<^» S^||Mb tuf* p" cktts Hg&Mpteims SRRF available graphite metal Sleek finish rutheniumwith coated chrome stee/ barrel, trimmings. HI Gr/p cutouts .2SSS2L |M| for good. w 235 2525 IHI comfortable writing. Creative Hands 111 M 336 3808 Evergreen Stationery |^i| Tel 733 5046;
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      Page 7 Advertisements Column 2
      148 7 rrecmon nana* H FC-37SE8S Automatic Regulator Timeless in Time I Already early in the 18th century, Geneve became known as a major centre for creation and production of timepieces. Since then the i^^^^^HafclHßßill Genevese watchmakers rose to unparaleled heights in the art of horology. Today this proud heritage continues with
      148 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      US-Japan ties need a new foundation
      781 8  -  OPINION tbbBUTTOM urn By Leon Hadar The writer is BT"s Washington correspondent THE joint declaration by President Clinton Prime Minister Hashimoto, following their summit in Tokyo, which reaffirmed the significance of the US-Japanese security alliance, been hyped by the US media as remarkable development
      781 words
    • Article
      IN OTHER WORDS
      121 8 'We often hear that the US wants engagement with China But I am not sure whether engagement means... to fight or to many.' -Uta#* China's Vtee-Premler In a Business Week Interview. 'I ate British beef for lunch, but I am not a marketing manager. You don't honestly
      121 words
    • Article
      Japan joins repo network
      637 8 EDITORIAL NOW that Japan has decided to join the expanding network of bilateral bond repurchase or "repo" agreements among monetary authorities of East Asia, it is tempting to suppose that a comprehensive regional framework for exchange rate stabilisation is in place. f, However, there is still
      637 words
    • Article, Illustration
      Congress pays for ignoring young voters
      1031 8  -  Bae may be the beet premier India has hadbitkekaspatsff itsyeatfcs.Wkatkis Congress party needs is a new leader By] Presn Shankar Jha The writer, former editoapf The Hindustan Tin&s, contributed this article to BT IN THE fist week, there has been a plethora of opinion
      1,031 words
    • Article
      No special pricing
      109 8  -  jgiw.mn Corinne Tan (Mrs) Manager, Public Relations DBS Land WE REFER to the article "Analysts support SES censure of HPL" (BT, Apr 24), where there is mention that "City Development and DBS Land, in particular, have been very open and above board in disclosing sales and discounts
      109 words
    • Article
      WHAT THE OTHERS SAY
      745 8 IF anyone had predicted one year ago, at the triumphant finale of the Republicans' 100 days, that the 104 th Congress would pass an increase in the minimum wage, they would have been tested for Mad Pundit Disease. Yet, there is now majority support in both
      745 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      25 8 POOMEgBURYift/ Gary Trudeau ~/au? IHRRRRHRHH Tl okay... I MEMB6X., ZACK,I9 THAT II SORM, S/MN3 HZfe\ IKNOH/M mTHADCI/REYOUN6. THOUGHT, (II UJHATUSRB t| dOUHPTOBB MIMST W UXXJLP
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      263 9 PAN-WEST nowHßat SUNTEC CITY Grand Opening Tomorrow! Pan-West, Singapore's premier golf retailer, opens its 11th outlet at Suntec City Mall. Come celebrate our Grand Opening! FORYOV; FROM US: Complimentary chute of Pinnacle performance golf balls for the first 50 visitors yWe are one of the region's largest, most established and
      263 words
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  • COMPANIES & MARKETS
    • Article
      Want Want to launch IPO of 82m shares this week
      380 10  -  A pertiea ef Ike USsl2om raised in the issue win be used fw cnrpiniriii tf China operation* By Teh Hooi Ling (SINGAPORE] Taiwan snack maker Want Want Foods Group will launch its initial public offer of 82 million shares, to
      380 words
    • Article, Illustration
      Albert Hong resigns from L&M
      149 10 [SlNGAPOßE] L&M Group Investments Ltd executive deputy chairman Albert Honf has resigned. He quit his post and directorship yesterday, the company said in a brief announcement. It did not say why he had resigned, nor name a replacement Mr Hoofc 89, was formerly chairman of
      149 words
    • Article
      Taiping Con aborts deal to invest A$70m in Accor's Tourism Asset
      338 10  -  flanijasy ||n fsilt •ffplaastejaiatljr MMckaiaaffivelMs hatels in Malaysia firom i Surinder Simgh in Sydney A PROPOSED joint venture between Kuala Lumpur-listed property developer Taiping Consolidated and hospitality group Accor Asia Pacific has fallen through. A report in The Australian
      338 words
    • Article
      Butt market will push Nikkei up to 25,000 or more this year
      717 10  -  lIOCK LOCK SIEW Anthony Rowley Economic theory hokte flat rhanyn In nfflfifll monetary policy usually take effect with a time lag of anything up to two years and the current strength of the Tokyo stock market is Just
      717 words
    • Article
      Fairmont keen to tie up with CDL for more deals
      373 10  -  retire »rqrtrttisM ef betels by fUrmat likely U be in US, sid Fronv Conrad Raj in New York AMERICA'S Fairmont Hotels, which manages the world famous Plaza Hotel in New York, is keen to strengthen its association with Singapore's Hong
      373 words
    • COMPANY Briefs
    • COMPANIES
      • Article
        Indon project borrows US$615m
        396 11  -  BA Asia reaches pact with fear lead banks for West Java phone project loan From Quak Hiang Whai in Hongkong SYNDICATION is under way in the international capital market to raise a US$6l5 million (SsB6l million) project finance facility for an Indonesian phone line project. BA
        396 words
      • Article
        Lock icon Shanghai bourse suspends 6 firms for 2 days over losses
        300 11 Reuter [SHANGHAI] The Shanghai Stock Exchange announced yesterday it was punishing six companies for making losses in 1995 by suspending trading in their shares for the next two trading days. The 1995 results of Shang-hai-quoted companies, released over the past
        Reuter  -  300 words
      • Article
        Lock icon PepsiCo's Q1 profit up 17% on strong sales
        163 11 Bloomberg Business News [PURCHASE, New York] PepsiCo Inc's first-quarter earnings rose 17 per cent on strong sales and profit gains at all three of its lines of business. The beverage, snacks and restaurant company had profit from operations of US$373 million (*****
        Bloomberg Business News  -  163 words
      • Article
        Lock icon MFS to buy UUNET in US$2b stock deal
        144 11 Reuter [NEW YORK] Business telephone company MFS Communications Co Inc said on Tuesday it was buying Internet service provider UUNET Technologies Inc in a stock deal worth just over US$2 billion (Ss2.B billion). Omaha-based MFS competes with regional Bell companies in the
        Reuter  -  144 words
      • COMPANY Briefs
        • Article
          Lock icon PT Taspes to sell 100m Barito shares
          64 11 AFP [JAKARTA] PT Tagpen, a major state-controlled pension fUnd, will sell 100 million shares that it holds in giant logging company PT Barito Pacific Timber, Bisnis Indonesia said yesterday. "The divestment is purely baaed on business considerations," It quoted a company spokesman as
          AFP  -  64 words
        • Article
          Lock icon Indah Kiat posts strong results
          51 11 Reuter [JAKARTA] Pulp and paper firm Indah Kiat posted strong 1906 results but earnings this year are likely to be lower, analysts said on Tuesday. Indah Kiat posted a net profit of 468.54 billion rupiah (Ss2Bl million) in 1996 against 146.92 billion rupiah the previous
          Reuter  -  51 words
        • Article
          Lock icon AsiaSat earnings up 47%
          56 11 Bloomberg Business News [HONGKONG] Asia Satellite Telecommunications Co reported a 47 per cent rise in net profit last year, the Alton Wall Street Journal reported. According to a draft prospectus for the company's share sale in New York and Hongkong, net profit rose to HK5168.7 million
          Bloomberg Business News  -  56 words
        • Article
          Lock icon Saudi firm boys into UK's National Grid
          59 11 Reuter [LONDON] Anglo-American conglomerate Hanson sold its 12.5 per cent stake in Britain's National Grid on Tuesday in a £406 million (SsBso million) deal with HSBC James Capel Involving a major Saudi investment group. Capel paid Hanson 192 v» pence per share for
          Reuter  -  59 words
      • Article, Illustration
        S-E Asian markets lose appeal for now: report
        438 11  -  But it expects more funds to poor into Asia-P&c in 2nd half Prom Neil Behrmann in London STOCK markets in South-east Asia have lost their appeal for now, judging from a recent ranking of 54 bourses by ING Barings Securities. The brokerage
        438 words
    • Article
      COMMODITY PRICES
      946 12 MooMwrajm Apr 30 5 tgp ''jSStSSF^ 1 Hhr8W 1& J Sm mm MM mm m ag M MM 3990 S&S 33 SI ss ss i i i SwM Q7J0 WOO 07.00 W 22*5 SK 5 SS "S AptfJva ft B5.00 1 If J; Jjg *+f t u »g
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    • FINANCE & COMMODITIES
      • Article
        Lock icon India's oil bill may rise by up to 25%
        171 12 Reuter [NEW DELHI] India's oil import bill could rise by up to 25 per cent in fiscal 1996/97 (April-March), putting pressure on the rupee, the head of an energy research institute said yesterday. "In the current financial year, if you look
        Reuter  -  171 words
      • Article
        CURRENCY REPORT
        125 12 THE US dollar was trading around 105.10 yen, held in place by fears of a "bear-trap" where the BoJ allows the market to build up large short dollar-yen positions before entering the fray with an aggressive round of intervention. The dollar fell slightly against the mark after climbing
        125 words
      • Article
        Lock icon Euroyen ends easier despite drop in Nikkei
        231 12 Report Reuter [SINGAPORE] Simex Euroyen futures finished weaker in thin holiday trade yesterday despite the Nikkei's drop below the crucial 22,000-point support level December Euroyen ended at 96.42 against its CME close at 96.49 on volume 0f5,475 contracts. Activity was slow due to
        Reuter  -  231 words
      • Article
        Quotation Of Singapore Government Stocks as at April 30. 1996
        333 12 r 79 Wm E^«*i uU,: it i ;-lBI Ki AMOUNT- •'»•>» h^i«fl|| "HP DATB Buiia \n\mdm bmmL U06 N294XXJW 1994 31M8 aoouoo V7 VI u acpi ***** 8 •S# 1A9J N9M0IZ 1991 'VMM ***** 1/9 1/3 60 1QL30 8 U2J6
        333 words
    • Article, Illustration
      Lock icon HONGKONG
      1577 13 AFP Q Hang Seng -87.52 SHARE prices slipped 0.5 per cent in light trading yesterday, as investors focused on China-owned stocks listed on the local bourse following interest rate reduction, dealers said. "Trading was light because there were no new incentives," said a dealer with South China Brokerage, adding
      AFP  -  1,577 words
    • Article, Illustration
      Lock icon JAKARTA
      698 13 AFP HOmpostt Index *&S6 SHARE prices closed 0.9 per cent higher yesterday, led by PT Telekomunikasi Indonesia which enjoyed gains in its American Depository Receipts on Wall Street. "This is unbelievable, this is a great market. I'm a bit shocked really that the market performed so strongly—obviously it was
      AFP  -  698 words
    • Article
      Lock icon SYDNEY
      604 13 AFP PiMOriiiariai -3.4 SHARES eased 0.1 per cent yesterday amid lacklustre trading with investors cautious ahead of the release of local and US economic data this week, brokers said. The Australian Stock Exchange's key barometer, the All Ordinaries Index, closed 3.4 points weaker at 2,313.4. The All Industrials Index
      AFP  -  604 words
    • Article
      Lock icon WELLINGTON
      237 13 Reuter □Wellington -10.06 THE New Zealand share market closed weaker yesterday, but off its intraday lows. The NZSE-40 Capital Index flnished down 10.05 points at 2,143.13, having traded 18 points off earlier. —Reuter —H «8 V- (1 AMZBanUnf US -0.18 6744 1.6T -0.02 aooo MrNraZMMM(A) 175 -0.02 M42* MrNnZNMIII
      Reuter  -  237 words
    • Article
      TAIPEI
      264 13 May 1 T$+/-('00) CNnaOan Plastic 28.50 -0J0 23*3 Advanced Eng 26J0 0.10 ***** C* 44 ,5 2 YV ,'f: China Staal 25.40 -aiO ***** AaHCanw* China Wlra CaMa 24.80 -0-30 1312 CattwyCanstr 46.W -0.90 8813 Chunq Hsin EMc Mach —13.55 -0.15 2448 Chang Hwa Bank ***** -150 9458 ChungMwaPulp
      264 words
    • Article
      TOKYO
      1244 13 Moyl Von WO) Advontost Corp 9240 SO 30** AJInomoto 1270 -40 6*20 AkolCloctrtc 4S1 MX) All Nippon Alrvoys MO 30 4*30 AIM* 1190 -30 2700 tHNIrmilH 1250 -20 2720 AuMCMnM 799 »4 12*40 Alshl Dsnkl *«Fr« 921 -4 2180 AsoNGIoss 12*0 *920 tank of Tokyo 1590 ■rtdpoitono 1990 -10
      1,244 words
    • Article
      WORLD STOCK MARKETS
      1140 13 MBMav MpyOoptStrs 31 *1 Htl VM McDonalds 477/8 V8 W *h McDoma« Douglas 961/2 *13/4 ATT Ml/4 -1/4 Morrill Lynch 603/8 -1/4 A lean Aluminium 317/8 -1/2 I*** 1» *2 3/8 AHaghonylnt 327/8 *1/4 Morgan 841/8 unch AMod Signal 581/8 unch lln(nrn n Amu 331/2 -3/8 Motorola
      1,140 words
  • Page 10 Advertisements
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      45 10 •A e/ee/ir 0-u-r <i-pu-c. M fl 1 M aWKsPliiSßPP*Pi^^^^^ w 1 &Xa-//%*±<i.*ty/t rs/Stc/* yw /•>/< //<» /n**o y/a/n***u± a/*t/ /£i*y+ Ss**a rfy &0 ea»*. %Jcpt***//#Sf ez-m/f/eef &/a/»an /»t* u>»/4 oJ>eo/*/*ona. r*eX y 0 fa £/•<*++ J AtCi aCCo±±e>/'*o4.. s&*+» /fy &o+ea/»0. r m//t «///irat/tff em/ _M_ v/kJV/l\X 1
      45 words
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      426 11 FACTS ON OSTRICH INVESTMENT How Investment in Ostriches can give you a LIFE-LONG RECURRING INCOME? j j Are you PAYING TOO MUCH for your investment? Where is the IDEAL place to farm Ostriches in Australia? JS/ F V V .Where is the OSTRICH INDUSTRY heading? UMITEDSTOCK Directly from oneof the
      426 words
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      Page 11 Advertisements Column 2
      254 11 TO ADVERTISE CALL TOLL-FREE 1 800-74 1 1 883 SUPERB COMMERCIAL SUPPLIERS (PTE) LTD (in members' voluntary liquidation) Al an extraordinary general meeting of the members of the Company held at I Benot Road. Singapore *****5 on 25 April 1996 the following special resolution was duly passed: Resolved that the
      254 words
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      Page 11 Advertisements Column 3
      468 11 ASE TEST LIMITED NOTICE IS HEREBY GIVEN pursuant to Section 76 (10) (h) of the Companies Act, Chapter 50 of Singapore (the "Act") that at an Extraordinary General Meeting of ASE Test Limited (the "Company") held on 30th April, 1996 the following resolution was duly passed as a Special Resolution:SPECIAL
      468 words
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      31 12 Ties, sea/fond pleated scarf, bath towel, ashtray. enamelled objects. "Arceau watch, "24. Faubourg" perfume. Pair your name with Herm£s' FOR CORPORATE GIFTS. ft^4< HERMES PARIS Corporate Gifts Department, Tel: 235 6555
      31 words
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      276 13 mprurv Special reports at $30 a copy. CrfiTT mm wing tai holdings \3Ms4t M. 4H\Me4i 4ML profits set to bloom with Blossomvale condo Name Address: fStrong regional exposure in industrial parks (H) <0> I 1 Fll I I .A II H IV .A Reports Ordered: Wing Tai a STIC DBS
      276 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Castle haunted by Ceausescu
      547 14  -  Locals are trying to exorcise the shadow of the former Romanian leader and lure tourists, says adam tammer ADAM TANNER Reuter DRACULA may never have visited Peles Castle in Transylvania's mountains, but the legacy of its modern-day vampire makes many locals jittery. "You have many, many
      Reuter  -  547 words
    • CHATTER Box
      • Article
        Lock icon Dead cows are not mad cows
        76 14 Reuter US CUSTOMS tried to ben the work ofa British artist 1 V fearing it might violate a ban on British betfimpOMdditt i to ftan of mad cow dissase. Damien Hint's Boms Com/brt Gained from the Acceptance of InhertrU Lives tnEverythtng, consists of 12
        Reuter  -  76 words
      • Article
        Lock icon Evits crew moves on to London
        29 14 AFP MADONNAand the rest of the Alan Parker crew filming In Budapest have pecked up and moved on toLondon to continue their work.—APP
        AFP  -  29 words
      • Article
        Lock icon Controversial Mexican actress dies
        29 14 Reuter MEXICAN actress Rosaura Revueltas, the 1960s movie star whose flhns included the controversial Salt qf the Earth, died on Tuesday. She was 76. —Reuter
        Reuter  -  29 words
      • Article, Illustration
        Lock icon Presidents' papers go
        46 14 Reuter VIEWING an online display of Library ofCongnaapepsrs are (left to right) Thomas Bliley, chairman ofthe House Commerce Committee, Lihrarianof Congrese Janus Billington, and Reuters chairman Peter Job. The personal papers of George Washington and Thomas Jefferson will soon be available online.—Rcu&r §M
        Reuter  -  46 words
    • Article, Illustration
      Lock icon Estrogen patch helps ease postnatal blues
      354 14 MHEALTH NYT [NEW YORK] No one says new mothers have it easy. Nights spent waking up every two hours and days spent trying to figure out just why the baby is erying so much leave about 80 per cent of new mothers physically exhausted,
      NYT  -  354 words
    • Article
      Lock icon Writers who publish their own works
      507 14 PUBLISHING Uafased mainstream publishers are qnick to claim sock books NYT [NEW YORK] When Barbara Saltzman ventured from Southern California to offer her late son's lavishly illustrated manuscript for a children's book, the New York literati reacted in the cool manner of the book's
      NYT  -  507 words
    • Article, Illustration
      Lock icon Simply Red makes the world dance
      533 16  -  CONCERT REVIEW By Holly Harrison [SINGAPORE] Though the rush-hour rainstorm on Tuesday night had concertgoers trickling into the Kallang Indoor Stadium as much as an hour late for Simply Red's appearance there, it did not succeed in dampening their enthusiasm. The second the lights
      JEROME MING  -  533 words
    • Article, Illustration
      Luxury sedan that's not flashy
      782 16  -  MOTORING JfMMMIIIIIIIJ setais are losing their 1 IT 11 Hi moivkioamy as uiey all look and feel alike By< Christopher Tan [SINGAPORE] Japanese luxury sedans are becoming predictable. With the exception of perhaps the Lexus LS4OO and Nissan President, the corporate flagbearers that come out
      782 words
    • Article, Illustration
      BUMPER to BUMPER
      3 16
      3 words
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      Page 14 Advertisements Column 1
      300 14 Where to wine* dine and entertain SO COME AND HAVE THE PLEASURE OF CURLING YOUR TASTE BUDS AROUND THESE XIAMEN DELIGHT? Xiamen cuisine buffet lunch with an enticing spread of over 30 dishes reflecting their true heritage, including snacks and desserts. It is real value for money. SUMMHI GAVt KSIAUUNT
      300 words
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      Page 14 Advertisements Column 2
      48 14 HTseafood OIT^ the way you want it to be. sssr jy*w» wiwiioi mwwikhhkmh yirswftiMHAjerrr M&aC—lir )l ri|i| IWM Ttt *****11/3 ~WmWm^ Act now before we runout of Space For Information about Business Times "Wine, Dine Entertainment" Scheme* please call: Stephanie Lee *****84 Renee Loh *****18 Paul Chew *****81
      48 words
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      Page 14 Advertisements Column 3
      34 14 l tarts, buns., poofs, halt -price I L I i Shn,, Ml. I -v.- t vm&fcfe V Hn > J #i.w >; lllfew 5<5dt iJSIP*a*P^3&*if aaigtf Ci*»-'-J «r js arl» V KSSgSSi 1 1 Ipi##* ¥>rJ
      34 words
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      Page 15 Advertisements Column 1
      615 15 HOME \rwm& j where to wine, dine and entertain SSIS2BS 25 Soon Road. Singapore *****0. T«i: (65) 737-7966 Fax: (65) 737-6646 PLACE FOR fondues Experience the Swiss art of cooking complimented with a wide choice of freshly prepared sauces Cheese f mime $22 H per ptrm v Cheese A Twits
      615 words
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      Page 15 Advertisements Column 2
      189 15 The Mezzanine. h*« the ideal place for you to tit back and unioid Then wwnnd ow your fawoarUt drink lo the oeol, unpwggcu nryinm or cMm miocni wnd wc re cxpcuinf yoil. Happy Houn* Finger Snadct: 3pm to Ipm. Cocktaih fc E—utawntwt tpni lo law (wtckdiyQ •pn to lam (weekend*)
      189 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      537 15 TV&BAPIO LM Extra International. ILM TV Innovations IfrtUifgnHTg^^— Winter; A Class Act. LM AM Close. jj Ml See A-iday-Tschedules. Sm F^^^a? I CM Movie Magic Alien Li- gj§ Ml KeluargaßiT 8 IS SSSBS"*kd 2S £S Neireatft"* Frie ds J -Ji M» Unwen Treasures. SSSSSSihai IS National News (M). i' V
      537 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      175 15 CRTPTIC CROSSWORD tor in charge (7) descent (7) ——L_J— forms (9) 27 Walks over a member of the faml- L 1 —HE—l 1 1 1 1 1 ly (7) leader (T\ "Its?*"" 1 1- 8 A choosy individual wholl make rERPAY^BOtJ taOoridaC) his mark (7) B S7BKHfHiIB| 6 14 They
      175 words
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      63 16 Improve your business position in Hong Kong. 4 Stay with us< J k 4f *i -fv u MANDARIN ORIENTAL HONGKONG h Singapore Reservations: (65) 339 0033 Salts: (65) 339 8811 Mandarin Oriental: 5 Connaugkt Road Central, Hong Kong Telephone: (852) 2522 0111 Facsimile: (852) 2810 6190 Bangkok Hawaii Hong Kong
      63 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      263 17 Knight-Ridder Reuter THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,458 on Tuesday from 1,463 on Monday, with the base being Jan ***** equals 1,000. The Atlantic Panamax market was a little more active on Tuesday, as a slew of new grain cargoes hit
      Knight-Ridder; Reuter  -  263 words
    • Article
      MARITIME STOCKS
      252 17 *F* St *h ttl CWT OdtrtbuMon 134 -0.01 25 Chum Hi* U3 undi 10ft Cocco Investment Vft? +0.02 33 FCLS 020 MM* 20ft rrawrtLM*—oaos -ooi 49 CIHaMng* UT -003 75 tWSMNv U» undt 623 HKacN2aaan 101 *0.01 37 MCMaMRja MUO JayaHaMnga __L40 *031 ft jMrann SNpyarft ft.05 -on
      252 words
    • Article, Illustration
      Lock icon OOCL plans expansion in S-E Asia and West Asia
      404 17  -  Through its S'pore office, HE carrier plans to establish a presence in Myanmar and Cambodia By. Rahita Elias [SINGAPORE] Hongkongbased Orient Overseas Container Lines, through its office in Singapore, plans to expand its presence in South-east Asia and West Asia. OOCL
      CHRIS LOH  -  404 words
    • Article
      Lock icon Next stop for Port Klang road show is Sumatra
      312 17 MBT [KUALA LUMPUR] The promotion of Port Klang as an alternative transhipment hub is moving into high gear with Belawan, in Sumatra, and Ho Chi Minh City in Vietnam as the next stops. Transport Minister Ling Liong Sik will lead the
      MBT  -  312 words
    • Article, Illustration
      For Magsaysay Lines CEO, business is part of nation-building
      716 17  -  SHIPSHAPE By, Alec Almazan POR Doris Teresa Ho, running one of the Philippines' major shipping lines is not only a business but part of the effort of na-tion-building. "One of the most fulfilling things about this job is the satisfaction of
      716 words
    • Article
      Lock icon Vulkan looks set to declare bankruptcy
      215 17 Reuter [BREMEN, Germany] Germany's largest shipbuilder, Bremer Vulkan AG, on Tuesday looked all but certain to declare bankruptcy after its management said it could not come to an arrangement with its creditors. In a brief statement, the company, which Hied for protection from creditors
      Reuter  -  215 words
    • Article
      Cargo handled by 11 Indian ports jump 13%
      310 17 Cargo moved crosses 223 m tonnes, exceeding govt target of 202 million [SINGAPORE] India's 11 major ports are handling more cargo than ever before. Latest government figures show they moved over 223 million tonnes of cargo in the 12 months to March
      310 words
    • PORT Shots
      • Article
        Lock icon China-Japan container trade grows
        72 17 Reuter [LONDON] Contain®* traffic between Japan and China continues to rise in 1996. Boxes moving between the two countries totalled 66,244 TEUs (20-ft equivalent units) in January, according to the Japan-China Marine Transportation CounclL This represents a 19.7 per cent rise over January 1996 figures. Cargo
        Reuter  -  72 words
      • Article
        Lock icon Bazpu to construct deep-sea port
        74 17 AFX-ASIA [BANGKOK] The Industrial Estate Authority of Thailand •iM It signed a memorandum of understanding with Banpupfc under which Banpu will construct a deep-eea port ami possibly two electricity plants at the MabTa Phut industrial estate. The port wiU accommodate ships withalcapacity of up to
        AFX-ASIA  -  74 words
      • Article
        German shipbuilderz slam govt's plan
        67 17 [LONDON] The German shipbuilding association VSM says the German federal government's plans to cut "shipehare" income tax write-offlevels for investment in new ships are "incomprehensible" and "a heavy blow" to shipowners and shipyards. The VSM said owners raly on the investment to modernise fleets while
        67 words
      • Article
        Lock icon Indon shipping firm's profit doubles
        83 17 Bloomberg Business News [JAKARTA) PT Rig Tenders Indonesia, a provider of shipping services to the petroleum industry, said 1996 net profit doubled amid stronger sales. Rig Tenders'profit rose to 6.16 billion rupiah (552.6 million) from 3.05 billion rupiah. Sales rose 24.6 per cent to 29.3
        Bloomberg Business News  -  83 words
      • Article
        Carnival goes interactive
        41 17 [LONDON] US-based Carnival Cruise Lines has signed an agreement with Sea Vision Inc of Miami for an interactive television system to be installed on the cruise line's vessels, with the first system to go aboard Imagination this summer.
        41 words
    • Article, Illustration
      Honda goes on 'glocal' drive
      977 18  -  OAR PRODUCTION: ONE JAPANESE MANUFACTURER'S STRATEGY Honda Motor Co rails its objective of being a world player while maintaining its appeal to specific regional groups "localisation" a marriage between globalisation and localisation. And it has just launched the City for Asia Christopher Tan Honda Motor
      977 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      293 18 PAGE EvcTfrcM 6 >a tt Evcrprtmc 13 ami 3 Famous 7 khim i fecdcrtraws 4 Accord 12 T Ahrenkiel 4 I™?* 5—1 Innnthin A IWI Ic iS~ FrtVorM 12 C Link Express 4 ISt 6 CMMrtr,m 13 ISA 7 I UoMM(M) 13 Wlmqmm
      293 words
    • Article
      SHIPPING GUIDE
      13949 24 EXPORT ETA ETA Advartisar Vmd Voy aqa TalapKona ETA ETA Advartlsar Vassal Voyag# Talaphono SIN Dast*n Nana Nam* Numbar Numbar SIN Dast'n Nam* Nam* Numbar Numbar A 06/05 IS/05 ACL KOTA CAHAVA CAH0S *5-2212*21 A ll/OS 2V0S Evarqraan E. ROUND RW-020 *5-*****45 T# f, B V 5 H
      13,949 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        643 31 Veswl Voy Wo Birth Arrival D*p*rtiH II AcMergracht OS J06 alongside 01.05/160< A»«Star 03 J10 alongside 01.05/WX JWidW" 04/96 JM alongside 02.05/070 P* 13 JI1 alongside 01.05/060 •NSMtfc 01/96 JOT alongside 01.05/1355 It IM M ***** J01 alongside 01.05/060 H M 2692 0996 J01 alongside 01.05/003 IISJtoUsM 20/96
        643 words
      • Article
        CONTAINER SCHEDULES
        1810 31 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Boofclnq/Minct Isth SI# Voy Wo Etb/Btr Nrtod Fr— To Prow M« OKM 04/1000 1 02/0100 02/MM 02/MM 4 02/1200 02/MM 02/1700 KIM 2M0 02/M0 M «W MM NW 01/1500 ov*» ovmo Ad Uty 075A MM0 2* MM KMN KM) 02/0700
        1,810 words
      • Article
        COCKETT BUNKER MARKET REPORT
        829 31 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
        829 words
      • Article
        GLOBAL HOLIDAY
        319 31 MAT 2 Bangladesh: Buddha Purnima. Nigeria: (tentative) Eid el Kabir. Qatar/Saudi Arabia: (tentative) Eid al-Adha (depends on sighting of the moon). Russia/Slovenia: Public Holiday. Spain: Public Holiday in Madrid, Regional Government Day. Yugoslavia: Labour Day. MATS Denmark: Great Prayer Day. Poland: Constitution Day. Japan: Constitution Memorial Day. Sri
        319 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Air New Zealand may float Ansett Australia
        403 32 Ansae carrier a very marketable stock, says Air NZ managing director Reuter [SYDNEY] Air New Zealand Ltd is considering a share market float for fellow Australasian airline Ansett Australia after it has completed negotiations to buy out TNT Ltd'shalf share of Ansett, The
        Reuter  -  403 words
      • Article, Illustration
        Lock icon Airbus family's smallest member
        51 32 [HAMBURG] The new Airbus A 319 rolls out to the runway after a delivery ceremony at the Daimler-Benz Aerospace plant in Hamburg's Finkenwerder on Tuesday. The Swiss national carrier Swissair is the first airline to receive the smallest Airbus with a seating capacity of 160 passengers.
        REUTER  -  51 words
      • Article
        Lock icon New satellite system may revolutionise air travel
        367 32 System can track airftaft even when radar loses them Reuter [LONDON] Airline travel around the world could be revolutionised by a new satellite system that will cut flight times, save fuel and make planes easier to follow, aviation experts said on Tuesday. The
        Reuter  -  367 words
      • Article
        Lock icon EU delays second tranche of Olympic Airways aid
        185 32 Reuter [BRUSSELS] The European Commission ordered Greece on Tuesday to keep its fingers out of the day-to-day running of its national airline Olympic Airways, blocking a state aid payment to the airline until its demands are met. "The Commission has decided to
        Reuter  -  185 words
      • Article
        Lock icon FAA criticised for failing to enforce air safely rules
        251 32 Reuter [WASHINGTON] The Federal Aviation Administration came under sharp attack in the Senate on Tuesday for inadequately overseeing the safety of commercial airlines. One FAA inspector, who testified behind a screen out of fear, he said, of agency reprisal, told a
        Reuter  -  251 words
      • Article
        Lock icon Indonesia's IPTN forms subsidiary in Germany
        282 32 AFP (JAKARTA) Indonesia's stateowned Nusantara National Aircraft Industry (IPTN) has set up a unit in Germany, a company spokesman said here yesterday. "The subsidiary, IPTN-Eu-rope GmbH, was established on Dec 15 last year, but we are announcing it now to coincide with I LA
        AFP  -  282 words
      • Article
        Lock icon Swissair considers Interactive's system
        173 32 Bloomberg Bustness News [ZURICH] Swissair AG said it is "evaluating" whether to introduce an in-flight entertainment system from Interactive Flight Technologies Inc on its long-haul flights. "We've signed a letter of intent, though nothing's decided yet," said Erwin Schaerer, a spokesman for the Swiss airline, confirming
        Bloomberg Bustness News  -  173 words
      • LOG Book
        • Article
          Lock icon Air France expects higher revenns
          100 32 Reuter [MONTREAL] Air France expects revenues from its routes C to the US and Canada to increase by 14 per cent in fiscal 1996/97, Louise Roy, executive vice-president for Air France Ameriques, told reporters after a speech on Tuesday. "We expect our revenues to increase
          Reuter  -  100 words
        • Article, Illustration
          Air NZ's new oabin look
          75 32 [SINGAPORE] Air New Zealand has made improvements to its first and business class cabins and introduced a Pacific Class to replace its economy class. The changes are part of the airline's NZ$5O million (Ss4B million) "Pacific Wave" of changes, launched early this week in Auckland.
          75 words
        • Article
          Lock icon Lufthansa to split shares 10-for-1
          73 32 Bloomberg Business News [FRANKFURT] Deutsche Lufthansa AG said it will convert its preferred shares to common shares and split its shares 10-fbr-l by reducing the par value to S marks from 50 marks. The airline said the stock split will make common shares more comparable
          Bloomberg Business News  -  73 words
        • Article
          Lock icon GM to take firmer oontrol of Saabi report
          79 32 AFP [STOCKHOLM] General Motors plans to take firmer control of the management of Saab Automobile, of which it owns 50 per cent, the Daify Swedish News (DSN) newsletter said on Tuesday. Quoting an unspecified GM executive, the report said that the chief
          AFP  -  79 words
        • Article
          Lock icon Argentina warns Brazil of car sanotions
          71 32 Reuter [BUENOS AIRES] Argentine Industry Secretary Carlos Magarlnoe warned Brazil on Tuesday about possible sanctions unless it changes rules on importing Argentine vehicle parts. "We are not going to allow the existence of asymmetrical rules governing the importation of raw w materials or supplies
          Reuter  -  71 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1316 32 CtTY FlISHT ETA FU6MT ETD *895 2M5 mm 1605 AjMOkaM S044I 1510 i MoCMMWl VH741 1310 SOT72 0930 AMaWt S0230 1830 S0T71 MIS VN740 M10 0m IBO ¥"743 1925 i Amsterdam KL843 0455 KLB38 2300 SOI 1125 UA806 0700 S0/DL25 0650 S0/DL26 2355 W903 1155 CX710
        1,316 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      12 17 Hmdagoeson 'gjocal'drive One Japanese car maker's strategy. Pmgß 2 carrttiMt* fluty piitiug
      12 words
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      Page 17 Advertisements Column 2
      87 17 Air HZ may float Ansett Australia Aussie carrier a very marketable stock. Back Page PIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIM SINGAPORE AGENCY ■oeesmsskehceeeh Please be informed lhat NEPTUNE AGENQES (PTE) LTD has now changed its name to 1 SINGAPORE AGENCY (PTE) LTD 1 OUR OFFICES/CONTACT NUMBERS REMAIN AS: 456 ALEXANDRA ROAD #06-00 NOL BUILDING SINGAPORE
      87 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      1384 18 1 I mm ]wr |m»|n»9i u |om|va Noa |ok in |vKoan vcsa |wr| mi Hfci 1 B 'INf I Ifltf JL tSmi ¥wT Sim mm mm nm n/M n/M li* Wa/M~a*r 1!£ lu£IHE I »Z 125 I 5/5 wiS w n» USHMMM M/M M/M B/H D/M R/H U«« «/M 14/
      1,384 words
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      Page 18 Advertisements Column 2
      192 18 Linee A Mrvicee represented by Membera of the Regieby of AoondHed Shipping Agents, S*pore MHonel Shipping Aeeoc C Ur Sa^^'s Just talk to us... IrlsLim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 OBjn 8M 02/06 RdnVANWBmMJK/NAN I ACTEM AC6O4 12A* 22/06 RdnVAtmi/BmnAJK I •LoadiEyW. Hdoni*i I
      192 words
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      Page 18 Advertisements Column 3
      10 18 Members of the Singepore Freight r onwertets' 1 J Aeeocietwn.
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      1060 19 1 PiOHC SOUTH WIST QPtfSS (HMO) Ivesa Ivor I hi law m lamp luxlmhl— lo4|mk|« ww I m I I OIIWMIIHD I 44* Inm I M/M I 2S/H 114/B I 14/B I I>/B I H/B I 14/B 14/45 17/45 17/B 17/ M mwm mn \»m 41/B \nm 17/b nm nm
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      1691 19 HANJIN SHIPHWG I tfU I ummm/vw um an |a>| w« m |wr <■ |mt m. m I■* mXm m m im MMBWWHIW M/M M/M I M/M~ M/M M/M M/M K/M M/M g/M V/K g/M M/M g/M g/M ~V/* I g/M WW M/M »/M «/M MMMMMMM M/M M/M M/M~ 31/ M
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      300 19 WQffj *kyon Hongkong Stm ii£-—HAS iAH im nocmmm mm Hff «M fM? JUL UA WW W* IMt *1* IT JUL Ml BK IMI UU. mar mm mi" mm- mm JUL i*A—UA MA—lift lift jUL*. JflLlflH Mil—lUC—lftflC JUL JM—— S 811 «M ii M« Mima. m an iur im jul iui—
      300 words
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      528 20 «sa Wl MM rOMI INT UM SUM PJBMS SM MS I*o IYO OK MS ■WW* SBiT ~W~ iA n/» H/4 "»7r"gr "PT" ~3T~ "PS t7T WlMUflWlt MM 3/4 J/4 1/4 a/4 »/4 VS S/5 Bsatxwtss ~~i7Bir~47T" 4/4 t/4 ~S&r~ Z2E i_ mbmbk sbis 11/4 |y4 1/5 4/5 i/ir 14/5 n/s
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      Page 20 Advertisements Column 2
      987 20 I NORASIA I I VSNMSLVOV IMN 1 ALQLASSCLVALHAMM NOT ANT RL UM I SL MOTIVATOR INN M MMiWIMIMMM NHMIM I NORAStt MALTA HIH IMB MM MM Ml MM MM MM IMI 11M 11M UM I MOMMA na MM MM I MM 12M 11M ISM IMS MM 17M MM MM MM
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      449 20 JAPAM/HOMOKONO/STRAITS REGULAR MRVtCC LOADING FOR PORT KLANQ/PENANO maa voy mm FBg |wa fw ww» a «u> mw I- i —ww _i OIMAY I WHY I«UH BLOWY J WOT HIT OOSORKNTI I 17 MOT i YAYAMNLAPAN t WHY lIMOT TM> 4 IIKY II BOY UMSUt n It MAY 14 HOY BWM
      449 words
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      1128 21 STRAITS SHIPPING PTE LTD I Hp II Nm Ckiaai Raatf #11-01 Kspptl Tnmrs IHJf llillfOT B2SS Til: ***** M Fii: *****7 nmw quinha pacific linb SINGAPORE (A BERVICE OF CHINA NAVIGATION CO) STRAITS STAR VMIK BSMay HMay Maaia AMa KMataM. .J. iv. STRAITS H0« VMIIE HMay 17 May Maan AMa
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      1069 21 ALSO ACOPTMO TO OOMA. VARNA AWsMW>,?»^^^| |w>mv MftiC mtm at* unmmm r,**u mmm/m mm ma-. t, i>»i I (OSTAK smtmc m LTD *a*cau r m cosrtim»an wsmm m>u, tnun r 111 mun w»»m Mkjmwcmw tammmmm m human utv-imiu/w hct/tmm man r i msnt hi mm* hUiMCM hMw/Qki hw Ui>iHl(Ml (Mlh|/lh|ta|
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      444 21 I OUIUUMU HQ. FBI I JQH I SW lit MO ttl IKg TOK I TOK 1 IMt flg M MM m 'MO M Mi JML JAfe jwwiwTit/wi I |j|| I I HiSll ms I I Ms I&« BS/S p* is%l»»i7*sl Ms Ms £5 1-w 1w "5« "ii¥l«'« Ms I —HMTii/iipi
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      997 22 P>ail%JhiU> S»# AA A MMtftl AtM A MBUI ■■UkflkllAAiA EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA MP ROM ANW HM TUP LHV LNV TNP ROM MM NM PRL MP E. REACH RW-BBS M 24/9 29* 29/9 2S/9 29/9 E BAROEN RE-BS3 14/4 1M 17M 11/1 E. ROUND RW-92S 11/1 31/S 1/B M M V 9 E.
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      Page 22 Advertisements Column 2
      942 22 Vfssa VOTAM SBP MM MM MM MM KWT MB VtSSB VOTAM BM MM MM MM <W I UNCMCOtO 0401-MM IMS IIM XM 71/K HM BM TtM I IMOUIT 03H-01K WM 11/ M a« So 4 V/M I UN COMMA 040J4JW lifls MS 77/DS 2WS I»/W lf/K */W MIOMMO 0M741K 38/05
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      Page 22 Advertisements Column 3
      523 22 SMCNmLDIMMNIAOBICKS PTC LTD TEL: *****33 (12 LMEB) FAX: *****18/*****03 TCLEX: R8 ***** MBMP (3 Unas) CR NO: **********0 C I f (N«floM«l LiMcsof ElMopfa) ACCEPTING FCI AMD CONVENTIONAL W55 Vay ITA |Lo—fc«Mr Abb* Wont 4SWB 08/06 ————i NriHM 43M8 OM7 Mnn*l«M. Opboull H KIEN HUNG LINE j FULLY CONTAINERISED REGULAR
      523 words
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      615 23 BSA ii. Ml MYANMA YBBBk FIVE STAR UNE (MyMMor Notixral Um) Liiiil for Ym|«i (RufOM) VKStt VOY SM KG KM KU PATMM IMW $10 FAOAM UM M/ 05 05/05 MAIAVSIA AGENTS: OOUSTIAD SMFFNX MUCKS OIL T& M-0)-*****00 FX: TH 01-03-37M101 PBfc 1H 01-04-*****03 PGO: TO 02-07-*****21/4 BANK LINE (A Mfvka
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      Page 23 Advertisements Column 2
      993 23 A HYUNDAI MERCHANT MARINE CO, UTD. WESTBOUND TO EUROPE BKG: *****61 m m Two vßsa/vor w bm|aw|i« I Imi I b STii M/ 04 27/04 SUntOGMSS mw X/ 04 17/05 10/05 21/05 10/05 10/05 21/05 01/05 M/ 05 04/05 II fUAIIIHtIB XIW 01/05 24/05 X/ 05 X/ 05 X/ 05
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      Page 23 Advertisements Column 3
      402 23 FAMOUS CONTAINER UNES JJfSZ 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 LINES) QLOBEUNK FORWARDERS PTELTD ffM&l TEL:*****33 (16 UHKS) FAX: *****36/*****42 TLX: At ***** ACT "1 SSQSS PFCL* *****67 J* fOTJ *****37 (3 UMK3) BAMDUHQ: *****7 I c*** fotmiooooaf Mi EX PASIR GUDANG DIRECT r i LCL
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      Page 23 Advertisements Column 4
      30 23 /^ORBUKI I PftJlr nowuuccjwiqo ipvich ltd I I REGULAR CONVENTIONAL I I TMBER AND PLYWOOD SBMCES I ND^qpbp 1N8199 1505 20/05 AMS/AHTAJK I ■NORBULKTEAK 054)5 IQOS UVORHO/MOHFALCOHE I VASTO/ADEN I
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      48 25 To retrieve more schedules, just follow these simple steps... document foiaL be faxed %M you* "1" LZ jaSelect the port your ste P key in the four number Am digit code Key in your Examplt: r-*~t| fax number To HAMBURG (HAM) 2150 for calls within Singapore OSfWIOTy a
      48 words
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      467 27 JESSHTON UNEj MUARA I LABUAN m iu mm Mi WMU MSI UN MMMOnVIII/W R/M M/M MRMOITVIII/H 01/Oi M/H MMMUMOnWMI/M M/M M/M MSWWCUWTWM/H M/M W/M wmmmvum ii/M M/M ffwinMi ;I/M JJ/M IMMSW IUST VW/H M/M 17/ M ""■"TJKTJ'IS 7 N/M D/M PPnW«flETVlll/M n/M M/M SANPAKAN —IK. KMABALUI 3U S> 1 HMMMWI/N
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      Page 27 Advertisements Column 2
      1215 27 ADVANCE CONTAINER LINES (PTE) LTD API I*oCacllSlrast.#l2-00. PILBuNOng, Singapore&6964o TEL: *****21, FAX: *****19, TELEX :RS ***** ACLPL CR NO. **********0E <yUWWK JAKARTA <»hiii>m/wim»f*t. l umm mit, is—m» lo*) r *—luTnitj VESSEL VOY jaN BXK SN VBat VOT I W HN lAIAZAK 907 104/05 SJ 07/05 U 11/05 Set F*N ST4AK
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      710 27 **********0Z [vessels wr aw owen liehm/re iiamburq Itimmwoiii rotteroam Antwerp mueoeqemma mm arm wos aws moe am an ovw WU-E OE LYRA YI«W 14/06 27/06 0406 QBAM 07/06 OM 1006 VEIEOEVBA VMW 21/06 03*06 11AM tM6 14/06 19/06 17/06 VEIEOECAPBIA TIWI [jMB_J 10/06 1606 19/06 21/06 22/06 24/06 ALSO ACCEPTVM
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      Page 27 Advertisements Column 4
      87 27 <t> PRO LINE UMTH) 4 CO GmbH. HAMBURG •MHMMHMMi SERVICE LOAOM6 FOR SOUTH AMERICA VOT SPORE OUR IMKt RIO SANTOS MWEO harcon iss sims mm am urn szm vm FREEDOM CONTAINER «M IMS ISMS SSMS 2SMS ISMS PRESIDENTS SARMENTO 11S IMS ISMS ISMS ISMS 17MS FROM SOUTH AMERICA VOT IAIRES
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      859 28 vessel voy 5n jkt I vessel voy mw po* j^H QURUBHUM 2068 St 04/06 Tu. 107/06 BUNOA MAS EMP AT 6315 Thu ImF W [OW.M >■ VtSBgL VOY SIN BKK JAWU anuM oSoT IwoT B.MAS PUA 6071 to 06« T W 07/06 YANTRA BHUM tjjjj Thu In Pt SunoS/06 EAGLE
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      64 28 CONVENTIONAL SERVICES TO BANGKOK "THAI FLAG" vftsiL WT en ocstuutkm WW MM M •MMOK/WNMMUI MKHTiivwMi mm Ml HMOI MAM N M/M i|/n LMMCNAIAHQ MMUMAI (Ml IMS M—MWWW mumi *M* mttMt/WM MAPI MC2 mn PEMWANOQUM/U MAP II Ml NM nwM TMMUMMI PAMCON SHIPPING A MAHINC SERVICES PTE LTD 101 A uppcr
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      101 28 SO TELOK OLANGAH ROM) #02-02 CfTFORT CENTRE. STONE MM TEL: *****11 (6 lines) FAX: *****05 TIX BS ***** CR NO. **********0W vEssa voy. En etd oestmoton UMMU 1441 MM MM POKTIANAK MMUMH 1141 MM MM fWBWW6f*L. MUM UMMU S MM MM POMTIAMB MAMMA 1741 H4M MM PRL MLMMMMTM ■MUM 1141
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      814 28 11 PUXTON HILL, SINGAPORE *****S CK I *****92Q000N STtAiTS SHUTTII SERVICE pQRT KLANG PENANG vasa vot m m vcsa wr m pa smumb. mm (Ms sun mis mob susm hot? su> tytsw «twma M3> (msmw omswH) turn ton m/dsw ~os/wsw St* lAMB M/ttIHU IQ/OSFB SIM *073 OSAft SUM 01/DSWD mimma
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      694 29 SINO IXPRISS SHIPPING (PTI) LTD. MM I 11 COLLYER QUAY #00-01 THE ARCADE SINGAPORE 0104. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SIWOTRAMS SHAWQHAI (CONTAINER SERVICE) BIN/HKQ/3HAI "TZZ STORE HKQ SHAI VESSEL VOY ETA ETP ETA FTP ETA I ETP CHftNQYINQ 9609/9610 Zim 22/04 26/04 27/04 30/04 31/04
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      397 29 Kll MN CONTAINER LINES, INC Agwts: MAMiai jPOWt: *****22 (241H) Kucm*k(m>**m MWVIJ g»<P.«IIWmM OTU:«M)>1«17B MAMLA: (632) SI2MBI U 4 BANGKOK: (N2)2»4667 SURABAYA: (SI) 291M0 ft KBLANQ: (M> imwn JKT. (21)*****07 MPN: (tI)t44KB BttCUNG: 02)***** 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEN/PK SIN HONG KONG 4/5 5/5 mv "WAN HAI 225" V.NOI-8 I
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      Page 29 Advertisements Column 3
      269 29 ATTRACTIVE FCL/LCL RATES TCfc Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA I COLOMBO 5 CHITTAGONG NHAVA SHEVA jjj IS ■'■J {32 WENDER -5 >NTAINERUNMg QUIRIES BOOKINCfIg PLS CALL TEL: 224 6744 T& O.K. LINE M FULL CONTAINER SERVICE B'PORE/JAKARTA 3? raw. VOY SM JCT TAMANGW 725V72M QMS 07*6 KM Ml 5T S'PORE/SURABAYA/SEMARANQ
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      537 30 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS TH ROUGH THE F A X JUST CALL 740-6000 v Business lpi Know Your ®w«o® wbetl996 r "p V ft fi pS®T^I ef person) I 'f Kle be l 3 TVS«« SIW 1 1 J POmMNMDWAMOaATION f g n I SfiKi 3
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      Page 30 Advertisements Column 2
      344 30 ip&aim TEAMWORK is when everyone J KBGBMpgTf?l takes responsibility and diligently KOMmZISSsBB work towards achieving the main 9° al A quality which has been The Total Transportation People embraced by all at Visa Freight Transportation I" these past ten years. Put your People 81 transportation needs in our hands and
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  • Page 31 Miscellaneous
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      127 31 LEGEND. R Thunderstorm Temperature c A A 5^j wef Weother Wind direction with speed in knot* ROin lAJ Cloudy Sky Wove he*ht S Aco, <l by orrows which Hy with the wind y On* fiA cirde represents calm or light and variable winds J—*. On* half fl*ch* represents 5 knots
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      68 32 (1) M.V. "ORIENT KING" VOY.6ARRD 21ST APRIL 19% (2) M.V. "ASIAN HERO" VOT. IARRD 22ND APRIL 1996 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 3rd May 1996 *****200 hours at PT6 and PT4 respectively. No further
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      Page 32 Advertisements Column 2
      35 32 CARGO SHIPS FOR SALE Europe Built Year 66 69. Indonesian Flag. Good Condition. Class: BV/BKI. Type: Tween Decker/Bulk Carrier. Also can carry containers. Record: Carrying General Cargo in Indonesia-Overseas Trade. Serious Buyers Call: 222*5011 Fax:22s-3543
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