The Business Times, 9 May 1996

Total Pages: 38
1 38 The Business Times
  • 12 1 THE BUSINESS TIMES MTTA (P) 04^12/95 Internet- http://www.aBial.com.Bg/biztimes SINGAPORE THURSDAY, MAY 9,1996
    12 words
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  • 287 1 AFP (NEW YORK] US investors bought US$BB.l billion (5H37.9 billion) worth of foreign stocks and bonds in 1995, 46 per cent more than the previous year and the highest level since the record year of 1993, the Securities Industry Association
    AFP  -  287 words
  • 11 1 Sr... IS W'C j£ nnmwmni» 5S IIS (Source: NatWest Bank)
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  • 432 1  -  SMneSTpere analysts say foreign foods are already pulling eat as 30-year US bead yields top 7% By' Ven Sreenivasan [SINGAPORE] Regional equity markets took a hit yesterday following overnight weakness In Wall Street and fears that rising US interest rates would stem
    Source: Bridge Info  -  432 words
  • 402 1 Reuter AFP [JAKARTA] The sensational escape of Indonesian businessman Eddy Tansll from prison grew murkier yesterday with one official saying the alarm was raised only three days after Tansll had walked out of a high-security jail. President Suharto yesterday demanded quick action to recapture Tansll. State
    Reuter; AFP  -  402 words
  • 106 1 Reuter (NEW YORK] US stocks fell as much as 75 points in late morning trading yesterday before recovering partially to 5,368.57 at lpm for a loss of 52.38 points. This is the third straight fidl for the Dow, and the first time in three months it
    Reuter  -  106 words
  • 611 1 He will propose this toßedaswhenhe meets its o aw memoers soon (BANDAR SERI BEGAWAN] Property developers should consider allocating units in popular developments through a ballot, as is the practice with public housing. Prime Minister Goh Chok Tong suggested yesterday. He said he
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  • Page 1 Advertisements
    • 35 1 I#"' I |jfl will Hqon w*iwyfcr alaro Aalaprefrctthatto llkaty Inf' j fIHML rating tittu te ttftfrbdddMn. IrHOwnpi" SINGAPORE NEWS. 2,3 PROPERTY 4 KKHON M WOULD 7 EDITORIAL 8 sBS* ;^22 •HXJS* l»-22 b. (MB MMII
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    • 4 1 ilick markets, Pgs 18-22
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    • 76 1 fliiw ctwrong-doinm&l will be looked into, PgW*l t j' i > >> 1 A' f .J > V c i V, I M- LA COOLEUR i AH MASCULIN I 11. lAIIIUI I lON s i HERMES l: .ill. 11.. i. l l ~-i 1.i.1., 1!,.,.,,,. IiI•I. M' M.iv lii> -<
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  • SINGAPORE AT HOME & ABROAD
    • 244 2  -  Pieneer recipients cover wide range ef industries j By* Ang Wan May THE government yesterday i awarded $43 million worth of grants to the first 32 companies to benefit from the Innovation Development Scheme (IDS). Launched in November last year, the $500 million scheme is
      244 words
    • 602 2 The Straits Times [BANDAR SERI BEGAWAN] Singapore has a transparent system and any allegations of wrong-doings, even by government ministers, will be looked into, Prime Minister Goh Chok Tong has said. Having looked into the sale of properties at discounts to
      The Straits Times  -  602 words
    • 417 2 The Straits Times [BANDAR SERI BEGAWAN] Prime Minister Goh Chok Tong said yesterday the People's Action Party would field about 20 new candidates in the coming general election as part of leadership renewal. He revealed that he had found more than 20 candidates
      The Straits Times  -  417 words
    • 304 2  -  EYE OK THE ECONOMY Risks By Anna Teo SINGAPORE'S economic risks external and domestic have risen slightly, according to Political Economic Risk Consultancy (Perc)'s latest assessment of the Republic. Externally, the increased risk reflects "adverse export trends" as Singapore's major export markets slip into
      Source: PERC  -  304 words
    • 233 2 It says it will require its own candidates to do the same THE Singapore Democratic Party yesterday called on the ruling party to make public its candidates' income and assets in the coming general election. The opposition party said in
      233 words
    • 261 3  -  By Ang Wan May KEN-AIR is setting up a global hotel booking database on the Internet and expects to reap $1 billion worth of booking revenues in the third year of operations. The database, called the Global Internet Network (GTN), will have information on
      261 words
    • 328 3  -  It should take into account development level of a country's Reports by\ Shiv Taneja THE liberalisation of financial services should be carried out gradually and should take into account the extent of development of a country's financial market and its supervisory system,
      328 words
    • 322 3 DEREGULATION and competition have been good for US banks, Robert Parry, president and chief executive officer of the Federal Reserve Bank of San Francisco, told Asian central bankers here yesterday. He said that American banks have been forced by technology and regulation to
      322 words
    • 139 3 WORLD Bank president James Wolfensohn will visit Singapore for two days, starting today. The visit is to enhance cooperation between the bank and Singapore, whose economic progress is "widely acknowledged as a model for successful development", the bank said yesterday. Mr Wolfensohn will meet
      139 words
    • 218 3  -  By] Diana Oon THE government alma to complete more than 60 per cent of ita upgrading programme for older Houaing and Development Board (HDB) flats in five years, National Development Minister Lim Hng Kiang said yesterday. At present, 51,000 flats, or one-quarter of
      218 words
  • Page 2 Advertisements
    • 7 2 |a|p| Redefining style, reinstating elegance. •J f&S.jjkv*.•
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    • 144 2 A SINGAPORE OWNED DEVELOPMENT I finrn Coast I RESIDENTIAL k COUNTRY CLUB ESTATE 41 I n Many World of Oyster Cove" indudes on 18- I I hole executive golf course, a private Country Club, I an ocean going Marina, Commercial Centre, Holistic bMi |T|T|l I Medkal Centre and 350-room Boutique
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  • Page 3 Advertisements
    • 446 3 Stikeman, Elliott CANADIAN BARRISTERS SOLICITORS announces the opening of its office in SINGAPORE 1 Shenton Way #134)7 Robins House Singapore *****3 tei: (65) 532-3556 fax: (65) 532-3557 Resident local partner Franca Ciambella Montreal Ottawa Toronto Calgary Vancouver New York Washington, D.C. London Parte Prague Hong Kong Taipei Budapeet Singapore 1
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  • FOCUS: PROPERTY
    • 674 4  -  Enro Asia's swanky apartments may go for psf amid predictions the fringe area wffl move Increasingly upmarket By Michelle Low [SINGAPORE] Anew project planned by PL Kua's Euro Asia group on leafy Newton Road is likely to set a new high of $1,300 per
      674 words
    • 178 4 [SINGAPORE] Property consultant Richard Ellis said yesterday it has formed a joint venture company, Pangea Real Estate Capital Services Pte Ltd, to manage property investment fUnds. Pangea Is expected to manage intermediate funds with assets of up to US$25O million (***** million) and will be
      178 words
    • 227 4 MBT [KUALA LUMPUR] Housing win continue to be the main social service focus under the Seventh Malaysia Plan. Out of an allocation of M 56.13 billion (553.4 billion), housing development will bike up M 53.6 billion. The main builder is the private sector
      MBT  -  227 words
    • 554 4 P^^nMai^MdUrktsnandiHmeionmto Xarid 58 to 59) kjdgtd bteumnApr 15 lS96andMay4 sasrp m jf«i son) tssxm esy w*tem<w<iwii>tnoi Non-landed AdamPlace Apt 23/2/96 FH 1421 1080 760 Birmingham Mans Apt 24/H/95 FH 100? 1006 94# Birmingham Mans Apt 2M2/95 FH 1076 1078 3 Birmingham Mara Apt 15/2/96 FH 1066 1066 1000
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  • Page 4 Advertisements
    • 562 4 Homely bungalow with swimming pool set amidst luscious greenery and vast 39,700 sq. ft (approx.) land. Tb enquire, call Exclusive Marketing Agents: a Kestrel properties PTE LTD Tel: 32.32.32.3 ext 66 9 491 9042 BANKING HALL or SHOWROOM at Cecil Street for Lease Size: 3,188 sq ft To enquire, please
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  • REGION
    • 628 5  -  CHDTAWATCH FrmddMit goes bunting for both diplomatic and economic sains By Lu Ning P RESIDENT Jiang Zemin left Beijing to go hunting yesterday—in Africa. But it's not exactly animals that he has in mind. The six-nation safari will be the first ever by the most senior Chinese
      628 words
    • 269 5  -  HONGKONG VMt to prwite HK service sector and fcrntmyntetlai withragUa By Quak Hiang Whai HONGKONG'S Financial Secretary Donald Tsang will lead a 62-member delegation on a South-east Asian swing that jndndf Singapore next week to boost ties and strengthen cooperation
      269 words
    • 51 5 [SEOUL] Two South Korean dancers performing a traditional crane dance in central Seoul yesterday. Promising to upgrade the quality of life in the Korean capital, considered by most inhabitants to be a dull and uninspired city, Seoul officials are encouraging street performers and cultural exhibitions.
      REUTER  -  51 words
    • NOTE Book
      • 2 5 AFP
        AFP  -  2 words
      • 2 5 AFP
        AFP  -  2 words
      • 41 5 Reuter tllDt ldl HiWMit I. CMMiite Ptmriat Agrocy (IPA>^. s /lf1iUii«>»iitlTiiiil|wieHjptw 1H1 >ecwifclp«be J ffllidlte *ff«l i How bud«* committee that the rt>» vtrnm that .T«pan*» mtwywny.l MfNvviriBiflnitnillf. "But 1 ctnnot be 0~ 1*ettwfc>*iira»eii'» $cmwywmb9tmckcn0%kfl MUMpdieionu tiMk,"h»MkL—R*uur
        Reuter  -  41 words
      • 16 5 Bernama IMiMdWMMHta official Mki rMterilty. The move reflects v wabrfW*f V.
        Bernama  -  16 words
    • 273 5  -  SINGAPORE By] Harish Mehta RESIDENTS of Vietnam's southern commercial capital, Ho Chi Minh City, are expected to grow almost 70 per cent richer than their northern compatriots in the national capital, Hanoi, by the year 2000. A spokesman for
      273 words
    • 199 5 ALOR STAR Bemama KEDAH Mentri Besar Osman Aroff said yesterday the Prime Minister had asked him to step down to make way for Kuah assemblyman and former Agriculture Minister Sanusi Junkl. "He didn't say anything, merely asked (me) to resign because
      Bemama  -  199 words
    • 476 6 NEW DELHI Partial results show rating party losing ooe out of every three seats it won in 1991 AFP AFX-Asia Bloomberg Business News INDIA'S ruling Congress (I) party suffered heavy losses in general elections as counting of votes progressed yesterday, according to partial results broadcast
      AFP; AFX-Asia; Bloomberg Business News; REUTER  -  476 words
    • 279 6 BEIJING Ikrttt«fUSs2bii pinitm tmpcrt tuimiki Bloomberg Business News US ASSISTANT Trade Representative Lee Sands pi«"» to deliver an ultimatum to China to combat rampant copyright piracy or face up to US$2 billion (SS2.B billion) in punitive import tarifb when he arrives in Beijing next
      Bloomberg Business News  -  279 words
    • 229 6 BEIJING AFP EUROPEAN Union Vice-Pres-ident Leon Brittan admitted yesterday that Sino-EU relations had benefited substantially from the current slump in Beijing's relations with Washington. However, Mr Brittan strongly rejected any sugpstion that the EU had softened its policy towards China over Issues such as
      AFP  -  229 words
    • 202 6 HONGKONG MaqjcmplaiiU MkiwUt coDofti— nthtii AFP THE Hongkong Monetary Authority has ordered banks and collection agencies not to resort to intimidation to collect debts after receiving a large number of complaints from the public, a spokesman for the quasi-central bank said yesterday. The
      AFP  -  202 words
    • 176 6 TAIPEI Reuter HUNDREDS of panicked depositors crowded into Taiwan's Yen Pu Farmers' Union yesterday to withdraw their savings on rumours that the credit union faced financial difficulties, a credit union official said. "A lot of people came to withdraw their savings because
      Reuter  -  176 words
  • Page 5 Advertisements
    • 250 5 —&-Selhi 1 A PERFECT PRESENT WITH A fcjgteL DISTINCTIVE PAST 5 weekly flights (3 non-stop) ink M|i« c w II Incorporation of offshore companies II with Chinese name II Memorandum and Articles of I Association are issued in Chinese II Certificate of Incorporation is issued forfurther mfomatkm with company name
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  • Page 6 Advertisements
    • 481 6 y''fp O v G^a. •^YTpvasi^^^P; n^ If you've ever wondered If there's e piece where you cen combine busineee end plessure, then look no further then the Republic of Slngepore Yecht Club. As the oldeet end only prlvste members' yecht club, the Republic of Slngepore Yecht Club (RSYC) hee the
      481 words

  • THE WORLD
    • 299 7 lit Grwospaa alss wans against trying tatetimiaateriflk a& this will posh infers away Bloomberg Business News INCREASED integration of fl»icial markets means upvals in one corner of the world can trigger more rapid and widescale disruptions in $»gk>bal marketplace, Federal Chairman Alan
      Bloomberg Business News  -  299 words
    • 196 7 tfpARIS Wimplwnented within toe year Bloomberg Business News A TOP development aid comafclee at the Organisation for Kcxjnomic Cooperation and Development (OECD) called adits 22 members to Introduce anti-corruption provisions in lld-fUnded procurement conW* fctnVhe recommendation, gMde at a Development Assiattffrr Committee's
      Bloomberg Business News  -  196 words
    • 191 7 UTOKYO NYT M6BAN Motor Co Is recalling E million cars in Japan and US at a cost of about 6.7 bilyen (5589.49 million) to fix fruity engine and seat belt parts that could result in fires. )?<iNissan said the recall was the
      NYT  -  191 words
    • 114 7 WASHINGTON Bloomberg Business News 0$ CONSUMER credit increased at its slowest pace in six tenths in March as car lending stalled, Federal Reeerve figures showed yesterday. Instalment credit roee US$6.4 billion (Ss9 billion) in March, smaller than February's increase of a
      Bloomberg Business News  -  114 words
    • WORLD Watch
    • 54 7 [WOODBRIGE, NEW JERSEY] US President Bill Clinton laughing at Woodbridge High School in Woodbridge, New Jersey, on Tuesday before speaking to students there about the dangers of smoking. Mr Clinton visited the schoolfor a "Kick Butts Day an event aimed at getting teenagers
      AFP  -  54 words
  • Page 7 Advertisements
    • 68 7 GUESS fi ASSIi fl VIUTSW/UIVM A p a. A l» I >; w S" J :^f jL <^£ tf*f *j »*J%" n v A yjgjfe#, lUv- JZx'- A v i*< v>V i\. j#i cij ># r v wf "*-4 f ryity <v**&.♦* t&£*«-? *'''**<*? »"M,»*«,*V a. *,Jji w->^i* 1 fri
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  • EDITORIAL & OPINION
    • 706 8  -  WOTIW OPINION By Gary Becker Business West THE coUapee of communism and the success of the Asian Tigers stimulated a worldwide movement to privatise and deregulate, for these events seemed to indicate that economic freedom is much more effective than government control in
      Business West  -  706 words
    • 130 8 'Banks are proxies for economic growth and the safest investments among me blue chips. And as long as the economy does well, properties will do weU because people want to buy into affluence.' -VMdtaitai a banking analyst at Arab-Malaysian Stcuriiks, on Malaysia's ntwftos-ysarpkm. "Die economy here is
      130 words
    • 629 8 EDITORIAL THE United Nations has been teetering on the edge of bankruptcy for so long now that it seems no one is particularly concerned at the danger of the organisation going under. But it is not a prospect the international community should take lightly.
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    • 1132 8  -  Self-interested iaiastry still refuse to see tke benefits sf foreign investment aaiitslsMppeqp kastttestatMNGs By' Vikram Khanna The writer is BTs regional OF LATE, it seems something new has been brewing at the New Delhi headquarters of India's moet powerful Industrial lobby group, the Confederation of Indian
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    • 851 8 The failure of World Trade Organisation members to reach an agreement by last week's deadline to open global telecommunications markets augurs badly for the larger tasks of defining a coherent agenda for multilateral trade policy and of establishing the WTO's role and authority. An agreement would
      851 words
  • Page 8 Miscellaneous
    • 45 8 POOMEBBPRTZft/ Gary Trudeau IPONT6£Trr t MKJRP OFTH& FtRINGfrTHIS WM*HO*-WsUCCessv^ i KM-HOHJCXOnXJ I MORNING SHKAP THROUGH OPffAFORFOR jfjW iUHO I COMmM&.m \GBTPICK£PUPBy M"^ 5 THECAMRUZU&AVIRUS. s- CHENFOUINfWVS sMM THINKS f THINK p ITWTFRENCHCOM-fl &&VCNESTOPP&? I 1 NOnCBPVetACKCF V UKB oERNieu\ j RJORKING... W^ M^ /WW7yaV <Z*C*VKj
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  • EXECUTIVE LIFESTYLE
    • 657 9  -  With five films in the race, a French effort could finally break the eight-year drought, says mwwiw. tmuhhtoii MICHAEK THURSTON AFP The world dim industry flocks to the French Riviera today for its annual film-test in the sun, with France hoping for a comeback after several
      AFP  -  657 words
    • 459 9 PBOPLB HartaabiiQflrmuy hasbecameapUce tt krkvifadrwi The Washington Post [BERLIN] John Wayne called her "the most intriguing woman rvs ever known." Ernest Hemingway said, "It makes no difference how she breaks your heart if she is there to ppm| It" To French fiinmuih. er Jean Cocteau
      The Washington Post  -  459 words
    • 428 9 PEOPLE Brttelßikr'aaMr caoaK Getting folks tecmpist mm Los Angeles Times [LOS ANGELES] The Divine Miss M Grammy-winner, Oscar nominee has a hot new role: Los Angeles' first-ev-er Compost Queen. Bette Midler, usually seen on stages and movie screens, now beams down on her
      Los Angeles Times  -  428 words
    • 764 10 PEOPLE ThBT WIIIIe h tearing!* convince udtaooMtkitkr Ml llEMlimlllll NYT (NEW YORK] If she's not the girl with kaleidoscope eyes, she's at least got a set of signature spectacles. We're talking about MTV poster child Lisa Loeb, 27, whose Stay, from the soundtrack to the film
      NYT  -  764 words
    • 503 10 BOOKS dates Us bMksM Artie UfßMt based to cold facts Reuter [TORONTO] Farley Mowat, a Canadian cultural icon known for his international bestsellers on Arctic life, is embroiled in a controversy over what liberties he may have taken with the facts in his books.
      Reuter  -  503 words
    • 285 10  -  CRICKET BttHMifa, AA -l—-A. WMnmote cricket gets first crack in July Prom Surinder Singh in Sydney CRICKET fans will be introduced to a new form of cricket when a Super Eight competition gets underway in Kuala Lumpur in July. The Australian Cricket
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  • Page 9 Advertisements
    • 919 9 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 NOTICE NOTICE IS HEREBY GIVEN that, I LING LIK KWOK of Blk 621, *12-60 Ang Mo Kio Avenue 9 Singapore *****1, have applied for a Retail Liquor Shop Licence in respect of M/s Cold Storage Singapore (1983) Pte Ltd located at Blk 259, #01-01,
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    • 55 9 ffifl M m A yjgjg wiipsr ■HH Aoom TSmpsnaes HotTCoM Counter Top Hd/Coid VVMv Diapanaar RtMOMMrtyCoapntw k HqSOBMaI isss-^fc WANIN INDUSTRIES PTE LTD 167-A Thomson Road, GoJdha Centre, S'pore *****0 Tel: *****88 Telex :RS ***** Fax *****08 Johor: Tel: 07-*****97 07-*****06 Fax 07-*****88 07-*****18 Kuala Lumpur Tol 03-*****88 Fax 03-*****33
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  • Page 10 Advertisements
    • 275 10 Where to wine, dine and entertain 9PPV SERVINGS UNLIMITED! HELP YOURSELF TO T*"* QoodtH... Sw>«wi< l—pll«g toy hWylli»ailiMi< T— tii ■»■■■»< ■tonil ftkli ahiliat cafcc, nml peanut Mmp, imit i*d b«*n •oup, vitiitnn'f-i —I*~' —a l Emfoy m mmck aa y— tan lUnrti... Har* In or I cvp of (pedal
      275 words
    • 49 10 It Seafood m f\f V r j^^WMneiuk MMMtIKtIiWXWI yfrsMWMwerrr T'iiwii i IWC74 Tel: *****11/3 ~y(rB /g m y(r# aTV\^r t Act now before we runout ofSpace For Information about Business Times "Wine, Dine Sc Entertainment" Scheme* please call: Stephanie Lee 740 1284 Renee Loh *****18 Paul Chew 740 1581
      49 words
    • 14 10 <• r It. ■."*■>& &/&.¥»s Business® v y <» j'.js--Givin^iffi "jj'J I wtnn wfeedm "k <- ®®s IS***!
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  • Page 10 Miscellaneous
    • 154 10 THE WEATHER J Cloudy with light rain over several areas in die afternoon Temperature (96-28) *Ki shewn BL J —xm I gSt BtfEg- *7/14 amtt Mk s M* Rati CNm WB CM Bombay a/! 7 Shown Bm_ 17* ba tafia CMy tari tvn Shawm ""bpahags \VU Goody tatfa J7/» Saagr
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  • Page 11 Advertisements
    • 179 11 llMll"JllJkW'lf:TTrriTsyra WHERE TO WINE, DINE AND ENTERTAIN wohld-s ywoesT scujnq beer T r 'Happy Mother's Day •Special set menus available from Apr 28 to May 12 LONG BEACH SEAFOOD RESTAURANT (mm* »_<*) j (Ntxl to Singqwi Itrria Cantra) 1018 East Coast Parkway Opaa Dally: 11.00 am 3.00 pn&si)opn-12.15 am T*b
      179 words
    • 109 11 ■iwi IMMK to a wonderful Mother's Day holiday at the ANA, where she can put her feet up at one of our princely rooms. But not before treating her to a delicious meal at the Huhertus Grill, the Cafe-in-the-Park or the Unbai Japanese Restaurant. A ANA HOTEL SINGAPORE 16 N«i.
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    • 118 11 25 Scons Road. Singapore *****0. Tal: (65) 737-7966 Fax: (65) 737-6646 !i GooHinq Sunday, 12 May 1996 iws2s++Adrit* $18— CkM j 11.39 am to 5.99 pm SLj Lud Dhaer Set Mcmi $138[uci 11.39 am to 2.39 pm Dimmer 6.39 pm to 19.39 pm JfJi Free flaw ef /jjjioyaktmdriiik A duttu
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    • 170 11 For Horn* or Offlco drilwriti eft The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHe Wanßaocall our Hotline 1800-749-2577. I MORE THAN JUST I SEAFOOD! I Beside* live petfood, Singapore's largest outdoor seafood mlhi rut offers the Instant Asia
      170 words
    • 152 11 Don't You Think You've Given Mom Enough Flowers? This Mother's Day, do something a little different. The Mandarin Singapore is celebrating Mother's Week from May 6 until the 12. Every day of the week brings new events at all our outlets, just to pamper your mom Call the Mandarin Singapore
      152 words
  • Page 11 Miscellaneous
    • 704 11 KTV&RADIO lm Extra International. SBBBBBBBMMMWMMBM j, M jj ;g 1M A Class Act LM AM Morning News/CNN. H PMTheWinners ftJi Beverly Hillbillies. UN NNNews. 1M Money, Money, Money. LM Billboard US Top 20 iam PM Warna Warni Muzik. Asian Property Report Countdown. if Fokus Niaaa. W; MB Music Videos. m
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    • 287 11 CRYPTIC CROSSWORD ACTOBB I E R j R HK I R I p I E 1 With American backing point skyward and take the air (7) 5 In here a person may find agri- H^ cultural workers (7) 10 A Arm check by all accounts (5) usual (7) irflflPfl-n-lrfl-ft--16 Figures
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  • Page 12 Advertisements
    • 729 12 i I GOODWOOD PARK HOTEL LIMITED I AND ITS SUBSIDIARY COMPANIES I (Incorporated In Singapore) I PROFIT AND DIVIDEND ANNOUNCEMENT UHAIIPira BltUtTf POK THi MX MOWTHUMOIOII MAIWH WW I 1. Unaudited ProfH and Loaa Accounts fh* Orama I 1996 1995 Chang* 1996 1996 Chmga I srooo srooo srooo srooo I
      729 words
    • 586 12 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated In Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT JUWAUBIWP—niI wratiißWTMijpwrfniwni 1. Unaudited Prom and Lots Accounts WwOroMp nmdommmy 1906 1906 Chang* 1006 1006 Chang* srooo srooo srooo srooo Tumovar 26.007 ***** 461.6 26.007 10,626 4314 Invadmant incoma inducted in tumovar 8,013 2,446 4227.7 8,013
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  • COMPANIES & MARKETS
    • 308 13 PvchMWof3o% stake will kelp KL gtwipawy hi hnitfliiwg inteniation&l and j trunk mi 1 vices Bernama 1 P. (KUALA LUMPUR] Swiss Telecom PTT will acquire a 30 percent strategic stake in Mutiara Telecom via a US$3OO million (Ss42o million) cash investment for new shares.
      Bernama  -  308 words
    • 296 13  -  Eanbpip22.7% for subsidiary Hltel Malaysia By> Jenny Lam [SINGAPORE] Goodwood Park Hotel Ltd yesterday reported a 39.7 per cent rise in interim net profit to $2&59 million for the period ended March 31. Its subsidiary, Hotel Malaysia Ltd, which owns Boulevard Hotel, also turned
      296 words
    • 159 13  -  URB TO UB EDITOR By order of the Board Florence Lim Company Secretary Wing Tai Holdings Ltd WE refer to the report "Wing Tai apologises for not seeking nod for past deals", May 7. It was stated that "Wing Tai said interest was charged on
      159 words
    • 680 13  -  HOCK LOCK SIEW Lu Ning THE ending of the interest rate subsidy on bank deposits from April 1 was largely a non-event for China's A share markets in Shanghai and Shenzhen. The markets continued to languish, the Shanghai A index
      680 words
    • 282 13  -  Developer may book $30m In pre-tax profit from 52-nnit condo project Byl Michelle Low [SINGAPORE] Sime Singapore sold out its 52-unit residential project on Hillview Avenue at $730-1750 per square foot at its soft launch for invited guests yesterday. The quick response
      282 words
    • 208 13 [SINGAPORE] The share price of Malaysia's Faber Group yesterday closed sharply higher after the hotel, property and hospital group resumed trading following a capital restructuring exercise. In Kuala Lumpur, the stock jumped to a high of MK2B before closing at M 13.40 on
      208 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 542 14  -  Late'Biacait Xing' Bfjan Pillai and family beoght 25% stake early last year From. Loh Hui Yin in Bangkok "BISCUIT King" R*)an Pillai may be dead but his business legacy in Thailand is being given a new lease of life. Thai Agri Foods, a
        542 words
      • 322 14 Mere stops PHB from selling its stake in Pengkalen Capital Bernama [KUALA LUMPUR] Malayan United Industries Bhd's whol-ly-owned subsidiary Loyal Design Sdn Bhd yesterday obtained an extension of its exparte interim injunction from the KL High Court to stop Pengkalen Holdings Bhd (PHB) from selling
        Bernama  -  322 words
      • 256 14  -  Results in line with market expectations and slightly better than its own forecast From, Ruth Wong in Kuala Lumpur MALAYSIA'S sole gas processing and transmission firm Petronas Gas Bhd saw net profit soar 74 per cent to M 1731.77 million (Ss4l3 million) for
        256 words
      • 185 14 [SINGAPORE] Contract manufacturer Singatronics has closed its loss-making Batam plant as part of its rationalisation plans. The company said yesterday it will concentrate its electronics contract manufacturing activities in its Singapore and Malaysia plants. Singatronics, which announced a $5.1 million net loss for the year
        185 words
      • 47 14 [KUALA LUMPUR] A security personnel walking past the turbine engine ofa Boeing 737 passenger aircraft which is being serviced at the hangar of the Malaysia Airlines subsidiary, MAS Aerotechnologies. Malaysian Prime Minister Mahathir Mohamad launched the subsidiary on Tuesday in Kuala Lumpur. AFP
        AFP  -  47 words
      • COMPANY Briefs
        • 26 14 [SINGAPORE] Singapore Press Holdings Ltd's subsidiary, The Straits Times (Overseas) Ltd. has changed its name to Singapore Press Holdings (Overseas) Ltd.
          26 words
        • 50 14 [SINGAPORE] Snack-maker Want Want Holdings has clarified that it is one of the msjorrice cracker producers in Taiwan, and not the sole producer, as reported in BT yesterday. Want Want's position was made clsar in its initial pubic offering prospectus dated April 80.
          50 words
        • 65 14 [SINGAPORE] Singapore Bus Service subsidiary City Cab Pte Ltd yesterday signed a memorandum of undemanding with the Phnom Penh to negotiations for the formation of a joini-venttuvconpany in Cambodia to (derate taxis and inner-city coach services. The proposed venture will have a total investment
          65 words
        • 82 14 [SINGAPORE] OakweU Engineering has jointly acquired Pinefiekl Industries with Chia Meng Khng. Oekwell will hoM 70 per cent of the 140,000 shares offl each while lochia will own the remainder. The main activitioe of Pineflekl, which was incorporated in September last year, include engineering services,
          82 words
        • 44 14 [SINGAPORE] Umxaisnghas Inawwdtiieealliorlsed and paid-up capital of wholly-owned subsidiary Oxford Gardens Pte Ltd to $10 million from 125,000 and $1 million from $10,000 respectively. Oxford Gardens is the developer of Emerald Garden, a condominium development at Club Street.
          44 words
      • 124 14 [KUALA LUMPUR] Shares of MESB Bhd made their debut at M 59.90 yesterday, against the offer price of M 53.15. The stock, however, fell back immediately as investors pocketed profits, dealers said. The shares touched a low of MsB
        124 words
      • 109 14 [SINGAPORE] Singapore Telecom yesterday opened its fifth representative office, this time in Hongkong. The new office aims to better serve its customers in Hongkong and the surrounding region, to facilitate a closer relationship with local telecom companies, and to scout for business opportunities. Sing
        109 words
    • COMPANIES
      • 483 15 Mito-cerreecy trading in ordinary shares of high-profile foreiga firms to start inayearertwo Reuter [AMSTERDAM] The New York Stock Exchange plans to launch multi-currency trading in ordinary shares of highprofile non-US companies in one to two years' time, NYSE group executive vice-presi-dent Robert Britz said on
        Reuter  -  483 words
      • 187 15 Bloomberg Business News [BOMBAY] Polyester maker Reliance Industries Ltd, India's largest private company, said its net profit rose 23 per cent last year amid increased margins for its products. "The story beyond financial year 1996 is that margins are going to be squeezed because international
        Bloomberg Business News  -  187 words
      • 59 15 [ALMATY, Kazakhstan] Workers holding a sheep which was presented according to tradition at the opening ceremony of a new Turkish-built Coca-Cola factory here on Tuesday. The Coca-Cola Company and its bottling partners will invest USs2oomillion (Ss22s.3million) in the region over three years, while investment in Russia
        AFP  -  59 words
      • 113 15 Bloomberg Business News [SYDNEY] James Hardie Industries Ltd said its ftill-year net profit result will include one-time losses of As 27 million (5530.24 million). The building materials and services company said it will take an after tax charge of As 6 million, related to
        Bloomberg Business News  -  113 words
      • 444 15 Ti>p—dug liamimi •(betting f&lliiig print, say analysts Bloomberg Business News [SAN JOSE] The computer chip Industry's indicator for measuring demand is expected to rise slightly in April from the five-year low of 0 JO reported In March, analysts Mid. The book-to-bill ratio, which
        Bloomberg Business News  -  444 words
      • 310 15 Reuter [SYDNEY] Rupert Murdoch's News Corp Ltd reported km-er-than-expected third-quar-ter profits yesterday, with soft US television revenues and deeper losses from Asia's Star TV overwhelming stronger British newspaper profits. News shares slumped almost 3 per cent in active trading after the results were announced and
        Reuter  -  310 words
    • FINANCE & COMMODITIES
      • 369 16  -  By] Paul Leo [SINGAPORE] The Australian dollar rose to a four-and-a-half year high of 80.18 US cents yesterday, up 0.1 US cent from the previous day. Dealers reported that the buying began late on Tuesday in New York, spurred by a
        Source: Bloomberg  -  369 words
      • 179 16 Reuter [BRUSSELS] European insurance companies have declared war on fraud, which is costing them eight billion European Currency Units (5113.8 billion) a year. "The growth of the problem in Europe over the last 20 years now makes fraud one of the major problems for
        Reuter  -  179 words
      • 372 16  -  Mm part if plan to ATpand fcnriiMMMi ii» STpore and region From* Quak Hiang Whai in Hongkong BANK of America has appointed a new general manager at its Singapore merchant bank with an eye on expanding its corporate finance activities in
        372 words
      • 122 16 Bloomberg Business News [SYDNEY] The Reserve Bank of Australia will issue a polymer Asloo note next week, the final in the new series aimed at conquering counterfeiters. An Asloo note will be issued on Wednesday, the central bank said in a statement Polymer Ass,
        Bloomberg Business News  -  122 words
      • 202 16 Bloomberg Business News [WELLINGTON] New Zealand's antitrust authority, the Commerce Commission, has cleared Australia's Westpac Banking Corp's NZ$l.27 billion (SI 1.22 billion) agreed takeover bid for Trust Bank New Zealand Ltd. The Commerce Commission's deputy chairman Peter Allport said: "In our
        Bloomberg Business News  -  202 words
      • 256 16 Reuter [BANGKOK] Thailand's central bank and finance ministry have stumped financial analysts and foreign exchange dealers with broad hints that changes may be made to the way the value of the baht is ascertained. The Bank of Thailand (BOT) keeps the baht
        Reuter  -  256 words
      • 222 16 StKEUteport Reuter [SINGAPORE] Simex Euroyen and Eurodollar futures ended little changed in thin trade as supply concerns weighed on sentiment. The Bank of Japan's money market operations failed to lift Euroyen while Japanese government bond futures succumbed to weakness in US bond markets and gains in
        Reuter  -  222 words
      • 165 16 AFP THE dollar continued to hold firm but was unable to extend recent mild gains against the majors in European trade. Dealers expect the US currency to remain in established ranges with little on the agenda seen likely to break the current impasse. "For choice, I would fevour
        AFP  -  165 words
      • 329 16 ENEBOT REPORT Reuter [SINGAPORE] Vietnam is cutting its diesel import tax from 25 to 10 per cent from June 1 to cushion the impact of high international prices which are straining importer's budgets, sources said yesterday. A ministry official said an official
        Reuter  -  329 words
      • Article, Illustration
        159 16 by OCBC Rupiah quote la by Bloomberg For ftupiah. Yen she figure* are In »oU.UJ. currency indicated Aaway ttw jour«wde»fl»—heat,exchange rite riwuld md Ilia. UTBjfay8 iv4 ism w»y iw m I 5 23/1 IM iML WffWfW ff: m w, m r*» iM iff Is I if 9 Mat* SV4 IT/I
        159 words
    • 741 17 ri 111 ~jr4k. > V < v v gg 55S S3 iS "JJJ"® m**tm+g* om *gJJ5 Man* ir s Iff TOT t f *n -3» ms rm hr t 3 |t: i NBILB May 8 gggg a^sa^m8®a PKBC10OTMBTAL8 stays miw*i—MumA—MOLL ttww mn/ nuei m.00 9H00 HM0wm WW 393J0/
      741 words
    • 1711 17 w 111 1mT A.A.Cer*A4r *2.120 -LOO MPwit m -i AMeyNattaMl IN -4 MMLyww 4*1 -1 Mac m *i M 3341/2 in -i/2 ■ATM 4*4 *1 ■ICC 3M ■OCCree* MO -5 MMnMw M11/2 -71/2 ■TH 3RI/2 -1/2 f melt tm i V4 MCMM M« undi tab 417 -4
      1,711 words
    • 1456 17 Reuter Qinttas *ma STOCKS surged yesterday to end at the day's high, first positive close in Ave trading days. Brokers said buying-on-dips and technical buying stemmed fears of further falls but players were cautious about buying at higher prices. The 225-share Nikkei Average gained 233.32 points to 21,728.60. The
      Reuter  -  1,456 words
    • Article, Illustration
      1550 18 AFX-Asia D Hang Swig -BMB SHARE prices closed lower in lacklustre trading with foreign investors staying out of the market and local investors bargain-hunting among sec-ond-liners, dealers said. The Hang Seng Index closed down 84.85 points at 10,617.32. Turnover was HK53.57 billion. HSBC was heavily traded on rumours that
      AFX-Asia  -  1,550 words
    • Article, Illustration
      561 18 Reuter 4L71 THE Shanghai B market closed sharply lower, coming under pressure from late liquidation by foreign investors. The index lost 0.71 point to 50.84 on modest volume of 6.6 million shares worth US$2.B million. Brokers said domestic investors were reluctant to buy shares while a key securities and
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  561 words
    • 328 18 AFP Qifmb *a SHARE prices finished lower as investors were sidelined amid a lack of incentives. Most investors retreated to the sidelines while speculators focused on cheaper stocks, brokers said. The Weighted Price Index slid 5.32 points to 6.019.87. Turnover was 1.15 billion shares worth NT546.88 billion. Risers beat
      AFP  -  328 words
    • Article, Illustration
      677 18 AFP SHARE prices closed higher following gains on Telkom's stock in New York. "If it was not for Telkom's overnight gains, our market would have slipped again," said a dealer. The JSE Composite Index added 1.69 points to end at 615.53. Turnover was 116.2 million shares worth 368.5 billion
      AFP  -  677 words
    • Article, Illustration
      773 18 AFP □set Mi AM SHARE prices closed lower in subdued trading as investors kept a close watch on'a no-con-fldence debate in parliament. "The fall is due to a combination of continued losses on Wall Street and local political factors," said a trader. The SET Index dropped 9.20 points to
      AFP  -  773 words
    • 286 18 AFP BUI *61.78 SHARE prices climbed on a strong performance by blue chip Philippine Long Distance Telephone in New York. The Composite Index added 51.78 points to 3,066.05. Turnover was 12.8 billion shares worth 2.9 billion pesos. PLDT closed 70 pesos higher at 1,460. San Miguel Corp A shares
      AFP  -  286 words
    • 361 18 AFP -MJ| SHARE prices fell as investors feared an oversupply of scrip amid reports that financial institutions would issue more stock after July. The Composite Price Index closed 10.09 points lower at 976.75. Turnover was 68.1 million shares worth 1.4 trillion won. Falls beat risers 487 to 337, with
      AFP  -  361 words
    • 587 18 AFP QllMMi 4» SHARES closed lower as late profit-taking diminished earlier gains. The All Ordinaries Index fell 9.8 points to Turnover was 356.73 million shares valued at A 5691.02 million. BHP fell eight cents to A 119.85 and CRA rose 30 to an all time high of A 521.50.
      AFP  -  587 words
    • 256 18 Reuter QWeffiogtao j2JO STOCKS recouped most of their early losses to close just a touch weaker. The NZSE-40 Capital Index ended 2.60 points lower at 2,107.13. Telecom was six cents weaker at NZ$6.l3. Reuter w *t- mm AMZBanUnq 7.00 *OjO$ MVU Advantages HMqi LM inch S900 Air Not Zealand
      Reuter  -  256 words
    • KUALA LUMPUR STOCK MARKET
      • 7030 19 KUALA UJMFURReports Bloomberg Business News QOeapesiteMa -10J5 STOCKS fell for a filth day, led by banks, as investors worried that rising US interest rates will stem money flowing into Asian stocks. Rising US bond yields make it less attractive to invest in equities. The
        Bloomberg Business News  -  7,030 words
    • WARRANTS & OPTIONS
      • 3300 20  -  WARRANT WATCH 119, U -By Ven Sreenivasan ROBERT FLEMING-Jardine Matheson warrant, which expires in October this year, exploded to the top of the actives list yesterday with a volume of over five million shares. Despite having a relatively short life-span, it seems
        3,300 words
    • 1666 20 v-f ~*h<% i *-r '*m&t #*"*3b£ Br Br KM UM M Mr MMBwM Mr Mr VM MA BC* IBM Ua Mm Cimnf Mi *b fOM M» U» M> Mir CW W W ~5 Si Awior IS i 4M <5 Jm u o u w Si a M I
      1,666 words
    • STOCK EXCHANGE OF SINGAPORE
      • 781 21 COOO) VAUIC C®OQ) s 3 *s m mm um *m njm m« Mine hw »wgg oS tt.MC t» jot m«w turn cmm -333 JS ,B§ <i£ iS MAM (tM T*T*Jl ssss us-* s f a j Mp 426* t I > 4 H mm 9 o t ioi 1 9
        781 words
      • 4371 21 Or Or m art MM Laet V* Day LaatOueta M» Ot* Yld Hat Cap A«g WN> L— MW» ClW|l«y Ml fOOOl H» ll» ■»>* Mhf CNr W Wl Ww 5146 ASENTSM200 US- 2M MS 125® Acer SOc USSO -I M2 191 SO SO Ifl S.ON 73 ftt 117
        4,371 words
      • 846 21 Or Of mm 1900 Uat VM Our LaatOaata Mr Oh TM Nat Cm A** Willi L— 8Wa ri«nn Wt COOOI MM8 U» 8»»a> UOm Cw Mt »B Mw nt 234 I 2000 AMHMfsSc 250 c4 -2 M 290 290 290 292 IO 1U U 194J HU 292 234 WO
        846 words
      • 782 22  -  iTOOi MIIMHT OOMMHWTAKT Blue chip stocks, including bank and property counters, fall further as bearish sentiment continues By Ven Sreenivasan [SINGAPORE] Stocks fell sharply yesterday following another overnight decline on Wall Street and amid fears of rising US bond yields. While the
        782 words
      • Article, Illustration
        57 22  -  Paul Leo MUI Properties fell 1.5 cents to 9915 cents yesterday with 757,000 units done -11 per cent less than the lOday aoerage ofB49,3ooshares. Further decline is Ukefy as the momentum indicators are still weak. But the 90<xnts level will prove a strong support as daily Relative Strength
        57 words
      • ON THE GRAPEVINE
        • 117 22 Sell in May and go away SELL in May and go away, goes the little rhyme. But May might not be such a bad time after all if one's to take to heart what David Schwartx, editor of the 1996Schwartz Stock Market Handbook, has to say. It is true that
          117 words
        • 104 22 JIMMY LAI, the media tycoon and outspoken founder of casual clothing chain Giordano, is known to drive a modest Honda car in Rolls Royce-crazed Hongkong. But a few days ago, the tycoon finally gave in to temptation and bought himself a dark red Porsche. Explaining the move, Mr
          104 words
        • 75 22 ADDRESSING South-East Asian central bankers yesterday, Finance Minister Richard Husaid that to cope with crisis, it was important for central banks "to develop systems and relationships to gather information quickly and to cultivate close links with other foreign regulatory authorities so that their cooperation cooM be readily
          75 words
        • 102 22 Who to kick UNION Bank of Switzerland cams witlita a whisker of disaster In a USs3oomillion (***** million) stock placement ofTfeyssen, a German manufacturer of capital pods and atwnl TVpiinnwilWl completed eariy on a day which subsequently saw Wall Street suffer its sharpest lose in a decade with a pfempt
          102 words
        • 11 22 your money. Virtual stopping naife hire sprung vxp, acooitfiii|tß>ni ti&antai»Qw
          11 words
  • Page 13 Advertisements
    • 168 13 WUMItES+IIKTIIIim r ASIA 1996 international Trade fair for Consumer Electronics ft home Appliances 12 is September 1996 South East Asia, part of the greater Asia Pacific region, ACTION REQUEST FORM AII/M4 a booming economy and home to a growing population of 321 million. G YES) I am interested in exhibiting
      168 words

  • Page 14 Advertisements
    • 221 14 I B&_I I MJ 11 4 Www— JH *11 A" HOTEL PROPERTIES LIMITED is an expanding public-listed company with diverse interests in hotels, property development, restaurants, retail, tourism and leisure-related activities. r VPehave immediate vacancies for: I 1 w+h H §1 r'vi 1 Pit,-..' J- J>.» EXECUTIVES I Th e
      221 words
    • 67 14 202 KALLANG BAHRU 1 8-storey light industrial building Excellent industrial location g Close proximity to City Centre, amenities and proposed Land area: 10,084 sq m (108,503 sq ft) 3yfT GFA: 20,299 sq m (218,498 sq ft) ''-'iy Tenure: 60 years leasehold from /y \^JTC w.e.f 16.01.1981 A\ /ifr\ i Ample
      67 words

  • Page 15 Advertisements
    • 268 15 W m < iJjp' W 1 T >i Iff 1 I w f I 1L J r/ L V If your 1 A 1 > V MB w I'l 1 t» V 1 1 V V \v M *5%! Y> M -J j^mk IBM and Novell* have joined forces to
      268 words

  • Page 16 Advertisements
    • 104 16 eHES!!© Wll"*"im;'lSK DBS to cosh i* "cash-for-you b* far as invoices and i^BßßßpBSJß^^pWH^ffiPi^f the respoosibifp Wf administrative DBS Factors has 0 worldwide networt <«>*, »sl time by undertaking that does just that bi fact we're tha collection, sales ledgering and only factor in Singapore affiliated to administrative duties, two international
      104 words


  • Page 18 Advertisements
    • 39 18 wh»n the Market qets Going. the Savvy 90 *URFIN4 Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch http://www.asial.coiii.sg/btstocks on the Internet iKTMiIIBUStCSSCPfTREI YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      39 words

  • Page 19 Advertisements
    • 115 19 ~Land Transport Authority Infoline— COE Bidding Results Car Registration Number Availability. Available oa 10th or 11th of eveqrmoath. All yoa Available between Saturday and Wedataday each week. All you need ia need ia eater year IC, teapott or Company Regiatrabon IM> j nai Vu Itiaililiiia aaadim aamber aad the Vehick
      115 words
    • 52 19 Quality has no limit. EQUI N O X E CAMNUMCNE QUALITY THAT LASTS iVIIS MADE UNCI 1924 5Wr Aft SA Dm Smfsfirt P» Ltd. 230 Vk-hs Stmt. §oi-0i Bmju J net,<m. Off** Tturr BUci. Simgsfin *****4. Td: 337 2261. Fsx 337 109$ AtstUUt st sll Using d+sttmmt Htm sad ustcb
      52 words

  • Page 20 Advertisements
    • 25 20 I Alfred Dunhill 1 The Londinium U1 G/assies to treasure since Visit lifted Q)iwA(//at tAc (fiarapon, ~4sin (jitp, Jopa <dftgfflrs Gitp anc£ Q)aimara; %ianp< Court.
      25 words

  • Page 21 Advertisements
    • 115 21 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use it for a million purposes. Call us Stop by any Hong Leong Finance
      115 words
    • 130 21 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Td 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period, □12 months 6 month. Q 3 months at 5560.00 at 5540.00
      130 words

  • Page 22 Advertisements
    • 1517 22 Singapore Closing Share Prices 08/05/1996 CLOSE PREV LOW MOH *MMM» uss uss uss uss lllßir Jardine Matheson 8.20 8.10 7.80 8.45 FRfflill Jardine Strategic. 3.24 3.22 3^6 Earn J Dairy Farm 0.92 0.02 0.915 0.02 KMSh Hongkong Land 2.13 2.00 2M 2.13 ■aanHH Mandarin Oriental 1.41 1.46 1.41 1.43 MOißa
      1,517 words
    • 504 22 NOTICE NOTICE IS HEREBY GIVEN that, I Mr Lee Cheng Tat of 18 Namly Garden Singapore *****6, have applied for a Retail Beer shop Licence in respect of M/s Wei Jie Minimart located at Blk 41S 101-3009 Commonwealth Ave West Singapore *****5, and that this application will be considered by
      504 words

  • SHIPPING TIMES
    • 291 23 Knight-Ridder Reuter Fixtures TAMKERSi There was a certain amount of optimism on the tanker market that rates for very large crude carriers from the Persian Gulf are "on the up," brokers said. Sources were quick to point out though that "one swallow doesn't make a summer" Exxon is
      Knight-Ridder; Reuter  -  291 words
    • 241 23 m* CWTPWl—UW 192 -001 74 OwanMw U2 «ach 72 Cut! IwwtuwH —177 -0.03 24 mt 7.rs -cm S3* FrMM Unk$ 0.779 -OOtS 1* IWIjrii—p IM Mdi MNSwb tM -64)1 440 iSiiiii ii aw «ms m MCNMMi _NK 940 jMHMtigi m -0.02 M 7.70 -0.05 147 KWpafCw*- ttJO <U0
      241 words
    • 321 23  -  49 shipping companies to implement new charges frem Jane 1 By 1 Thomas Wee [SINGAPORE] Shipping lines serving the intra-Asia trade to and from Hongkong have announced increases in terminal handling charges (THCs) at Hongkong terminals. Effective June 1, the new charges will
      321 words
    • 142 23 Bernama-Kyodo [KOBE] Two of the world's largest and fastest container cranes have begun operations in Kobe, and are expected to help restore cargo capacity at the earthquake-damaged port. Construction for the cranes began prior to the massive earthquake in January 1995, and officials expect
      Bernama-Kyodo  -  142 words
    • 625 23  -  MEWBUXLD6 By: David Hughes THE run of quiet weeks in the newbuilding sector has certainly come to an end, for now at least. It looks like a case of back to the 1995 ordering pattern with the contracts list foil
      625 words
    • 302 23 lTsianport hopes to be Asian transhipment hnb Business Line [MADRAS] Marketing teams of Westport, a unit of Malaysia's Port Klang, are touring India and reaching into the Indian shipping community, to get them to try out their new port. Kelang Multi Terminals Sdn
      Business Line  -  302 words
    • 184 23 [SINGAPORE] The Mediterranean Shipping Company (MSC) is starting next month a fUUy containerised service linking Singapore, east coast US, the UK and north-west Continent east and west Mediterranean, the Middle East, China, Hongkong, Taiwan and Korea. Relay services via various hubs wUI also
      184 words
    • 186 23 Reuter [LONDON] Merchant ship casualties rose to 31 in the first three months of 1996, compared with 26 in the first quarter of last year, the Institute of London Underwriters said in a statement. Total gross tonnage lost was 144,237 versus 129,339. The
      Reuter  -  186 words
    • 295 23 Five «perattrs sufficient, says iwiirirtar MBT [KUALA LUMPUR] The Malaysian government says It does not intend to issue anymore container haulage licences. "The are five operators now, and we consider that to be sufficient," Entrepreneur Development Minister Mustapa Mohamed said after closing
      MBT  -  295 words
    • 132 23 AFP [WIESBADEN, Germany] Police here have confirmed reports that that they are investigating officials of the Bremer Vulkan shipyard, which was declared bankrupt last week, for alleged breach of trust They confirmed a report in the weekly Der Spiegel, which named those under investigation
      AFP  -  132 words
    • PORT Shots
      • 75 23 AFX-ASIA [JAKARTA] The government has exempted imports and domestic purchases of all types of ships from alO per cent value added tax, director-general of taxes Fuad Bawazier said. IfrFturi was quoted as saying by The JbAar*z/tos* that "the fx incentive is expected to encourage
        AFX-ASIA  -  75 words
      • 93 23 Bernama [KUALA LUMPUR] PAO Containers Ltd have announced that together with their partem In the Grand Alliance— NYK, Hapag Lloyd and Neptune Orient Lines-It will begin weekly fixed day westbound calls at Port Klang from June 10. The calls will complement the
        Bernama  -  93 words
      • 85 23 (LONDON] India's state-owned Cochin Shipyard made a >: profit of ieo million rupees (816.7 miIlk>n)on the strength; U of record turnover of 1.2 bfltton rupees. The go vernmsnt'e.; move to convert Cochin's outstanding debt toto equity hag enabled the yard to compete witltrivala on an equal
        85 words
      • 93 23 [ANKARA) Turkey has reach an agreement with the European Investment Bank (EIB)fbr a loan ofUS$86 million (Sgi 19 million) to finance part of a project to expand some of its seven international porta, port said on Monday. The money will buy four gantry
        93 words
    • 850 24  -  MALAYSIA'S WBSTPORT: GREAT EXPECTATIONS located on the west of Pulau Indah off Port Klang, Westport is just 220 nautical miles north of Singapore and next to ihe industrial and commercial heartland of Malaysia The new high-tech port aims to be Asia's transhipment hub 1
      Business Line  -  850 words
    • 253 24 PAflg CwprtM 13 AO. n [mm 7 AMI 3 FartartraM N AM* T *-*1* 7 Accord tt O AJrnftM 4 Frata 12 taMMkk 4 MVMM 12 Sw 3 CIM N Art* i 6W* O a««* ft «sja j KA 7 V MMM f
      253 words
    • 14095 30 EXPORT CTA CTA IWlrtNir VmmI Voyag* TMophoM CTA CTA AO— Vtoat Vor»9» TiUpmm $w Otifn Hmn nmn NMM99F Nwiifeor SIN ottfn NBCR# Mom# Numbof Mmvifeof M M Cvarqrwn C. ROUND RWMS W-MMM A IMS MM UASC ALMMOAR CUM MM Z2M tn MOM KIMAKO MOM 4A-*****21 ABU DHABI/ST JOHNS
      14,095 words
    • SHIPS IN PORT
      • 488 37 *mM fry* kn¥mt gggg <M|M MHMM M M MaM MMMM k Mm JH MM*M MVM ■whia *M m mmum turn/mm MMrt «M JM tmmm tWON BMMMM I Jtt M*M MMM MM MM JM MM* UMM »kH n» Jtl M|M UM MM JO MM* UWM HM U JB «lipHl
        488 words
      • 696 37 Mttw— m nun ra cutmmph um la cum 1 MN/MM Mh Mp Hyfc Ofc/Mr Nrt* mm T§ Mm i sis taW Si s» gsj Mg» JJJgJJ f gg gg s» <■ mi mi MM MM JjJJ* JJJJ* r ss ss ss? 55 485 586 I ss MM M
        696 words
      • 686 37 THIS report, cofM by Cockett Marine Oil Ltd, shows price rangee in US dollars instead st singls prteas tor a mora comprehensive description of tha mar ket Pricee shown are baaed on average-elsod stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        686 words
      • 333 37 ■sn Belarus/Russia/ Ukraine: Victory ■Sarv Spain: Market and Public Holiday in Madrid, Patron taint of MaCd ■ATM Austria BelgUun, Dsnmark, Flth land, France, Germany: Ha 1818 trad* or floor tradi on Prankftvt Indonesia. Ivon (Vfiff Luxmjh- j r W '> fNVIi irfMtntlMi Am. Swltasrland: Aeceneion Day. lUTtt Norway:
        333 words
    • AIR & LAND TRANSPORT NEWS
      • 370 38 Imputed meter vehicles in Japan hit recerd in April with Germany in the lead AFP (TOKYOJ US car makers stepped on the gas in April but Germany held the lead as sales of imported motor vehicles in Japan surged to a record level
        AFP  -  370 words
      • 53 38 [TOKYO] A model standing beside Toyota's new off-road vehicle, LandcruiserPradoßX, in its press preview here yesterday. The all-new 1996 vehicle, equipped with full-time four-wheel drive and new 3.4-litre V 6 engine or turbocharged 3-litre diesel engine, will be put on the market later
        AFP  -  53 words
      • 459 38 Car owners report fewer problems, light track owners mere Reuter [DETROIT] Japanese-brand cars and trucks led most categories with the fewest problems reported in the US by new vehicle owners, JD Power and Associates said on Tuesday in its widely followed
        Reuter  -  459 words
      • 236 38 State-ewnei carrier to be privatised alter restructuring of 15—m»— Reuter [JAKARTA] The government plans to privatise Indonesia's state flag carrier Garuda Indonesia airline by listing it on the stock market late this year or in early 1997, the official Antara news agency
        Reuter  -  236 words
      • 232 38 Reuter [BEIJING] China plans to invest more than six billion yuan (Ssl billion) in updating its air traffic control systems in the next Ave years, the country's biggest investment in the field, Xinhua news agency said yesterday. Bao
        Reuter  -  232 words
      • 147 38 AFP [TOKYO] Japan's second largest car maker, Nissan Motor Co Ltd, has begun a record recall of more than one million cars with defective seatbelts and battery wires, the transport ministry said yesterday. The recall, of 1,048,910 cars, is the largest since the ministry
        AFP  -  147 words
      • LOG Book
        • 95 38 AFP ITOKYOI High-flyers have to go like anyone else, but Japan Airlines Ltd (JAL) reckons that, when tt comes to the smallest cabin on the plane, they should go in style. JAL said yeetenlay that four 747-400* on its Tokyo-London and Tokyo-New York routes
          AFP  -  95 words
        • 83 38 Reuter [LONDON] Propsity development company Slough Estates istobulldanew worldwide headquarters complex for express cargo and delivery company DHL. DHL's main shareholder* are Qarmm Tkuhrho y fflfthense gw Japan Airlines Co who each own 2S per cent of the company. The 13j000sqm four-floor office
          Reuter  -  83 words
        • 71 38 Reuter [BEIJING] AJoint venture between Japan's Honda Motor Co Ltd and China's MindongEtectrte (Group) to produce small electric gsnerators has begun productkm, the ChinaV News Ssrvioe said yesterday. The FitfianMindong-Honda Generate* Co Ltd in south sasternFqftan province is to produce up to 38,*****00«,500-watt gasoline-powered electric ganeratorsayear.
          Reuter  -  71 words
        • 92 38 Reuter (BRUSSELS] Passenger figures for European airlines were op 14.9 per cent in March from a year earlier, the Association ofEuropean Airlines (ABA) said on Taseday. Deea*fi>ing March as a "month ofboonting traffic and very ftill aeroplanes", A£A said there was double-digit growth In all
          Reuter  -  92 words
        • 81 38 Reuter [PAIUS] The Paris airports authority (ADP) freight marketing department said it will taka part in an annul freight transport exhibition to be held hi Shanghai from July 10-******. The Multi-Modal China exhibition is organised toy Hongkong-based company, n Ud. **We have participated
          Reuter  -  81 words
      • 178 38 Reuter [HANOI] State-owned Vietnam Airlines has been merged into a major corporation as part of a bid to streamline the country's sprawling aviation industry, a company spokesman said on yesterday. He said the flag carrier would serve as the core of the new 20-strong
        Reuter  -  178 words
      • 1216 38 COY FII6HT HA FU6HT ETP Ha CM Mall VW74I 1310 S0I72 0930 MallMM S044I BIO S0I7I MS VN740 MX) MaMOa S0230 1030 ¥***** 1115 i Oftl 1930 Hem ton SOI ICS UA806 0700 AMtartfM K1843 0455 KLB38 2300 "710 S0/M25 0650 S0/DL26 Bn 1235 5WW WB
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      • 221 38 Bloomberg Business News (SINGAPORE] Singapore Airlines said its load factor, a measure of how effectively it uses its capacity, rose 3.8 twints in March to 71.8 per cent. The load factor for passengers rose while that same measure for cargo declined because
        Bloomberg Business News  -  221 words
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  • Page 37 Miscellaneous
    • 99 37 m -in 1 BP^^wJH r 9 4v NJP w UWB: R Thundorttorm T«f«*w *c y Hm.i. Wee#w WM dNclton «Mi i»m< In kmii Cloudy Sky W h MniMnUiiMlri'mM^iiltiiM On® M cirdo represents calm or and vartabt* «Mi A_» On* ha* ftocha represents S knots L» Ot# M flodw represents 10
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